Document:

Exhibit 10.1 

EMPLOYMENT AGREEMENT 

        THIS
AGREEMENT, entered into as of the 3rd day of January, 2006, by and between First
Indiana Bank, N.A. (the “Bank”), and Tim S. Massey (the
“Executive”) (hereinafter collectively referred to as “the parties”). 

        W
I T N E S S E T H: 

        WHEREAS,
the Board of Directors of the Bank (the “Board”) recognizes that the possibility
of a Change of Control (as hereinafter defined in Section 2) of the Bank or its holding
company, First Indiana Corporation (the “Company”) exists, and that the threat
of or the occurrence of a Change of Control can result in significant distractions of its
key management personnel because of the uncertainties inherent in such a situation; and 

        WHEREAS,
the Board has determined that it is essential and in the best interest of the Bank and the
shareholders of the Company to retain the services of the Executive in the event of a
threat or occurrence of a Change of Control and to ensure his continued dedication and
efforts in such event without undue concern for his personal financial and employment
security; and 

        WHEREAS,
in order to induce the Executive to become and remain an employee of the Bank,
particularly in the event of a threat of or the occurrence of a Change of Control, the
Bank desires to enter into this Agreement with the Executive. 

        NOW,
THEREFORE, in consideration of the respective agreements of the parties contained herein,
it is agreed as follows: 

        1.
Employment Term.  

          	(a) 	  	
               The “Employment Term” shall commence on the first date during the
               Protected Period (as defined in Section 1(c), below) on which a Change of
               Control (as defined in Section 2, below) occurs (the “Effective Date”)
               and shall expire on the first anniversary of the Effective Date; provided,
               however, that at the end of each day of the Employment Term the Employment Term
               shall automatically be extended for one (1) day unless either the Bank or the
               Executive shall have given written notice to the other at least thirty (30) days
               prior thereto that the Employment Term shall not be so extended; and provided
               further, that the Employment Term shall not be automatically extended beyond the
               first day of the month following the month in which the Executive attains age
               sixty-five (65). 

               

          	(b) 	  	
      
               Notwithstanding anything contained in this Agreement to the contrary, if the
               Executive’s employment is terminated prior to the Effective Date and the
               Executive reasonably demonstrates that such termination (i) was at the request
               of a third party who has indicated an intention or taken steps reasonably
               calculated to effect a Change of Control, or (ii) otherwise occurred in
               connection with or in anticipation of a Change of Control, then for all purposes
               of this Agreement, the

    

 
	 	
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               Effective Date shall mean the date immediately prior to
               the date of such termination of the Executive’s employment. 

    

	(c) 	  	
               For purposes of this Agreement, the “Protected Period” shall be the
               one year period commencing on the date hereof, provided, however, that at the
               end of each day the Protected Period shall be automatically extended for one day
               unless at least 30 days prior thereto the Bank shall have given written notice
               to the Executive that the Protected Period shall not be so extended; and
               provided, further, that notwithstanding any such notice by the Bank not to
               extend, the Protected Period shall not end if prior to the expiration thereof
               any third party has indicated an intention or taken steps reasonably calculated
               to effect a Change of Control, in which event the Protected Period shall end
               only after such third party publicly announces that it has abandoned all efforts
               to effect a Change of Control. 

        2.
Change of Control. For purposes of this Agreement, a “Change of
Control” shall mean the first to occur of the following:  

          	(a) 	  	
               The acquisition by any individual, entity or “group” within the
               meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934,
               as amended (the “Exchange Act”)(a “Person”) of beneficial
               ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act)
               of 20% or more of either (i) the then outstanding shares of common stock of the
               Company (the “Outstanding Company Common Stock”) or (ii) the combined
               voting power of the then outstanding voting securities of the Company entitled
               to vote generally in the election of directors (the “Outstanding Company
               Voting Securities”); provided, however, that the following acquisitions of
               common stock shall not constitute a Change of Control: (i) any acquisition
               directly from the Company (excluding an acquisition by virtue of the exercise of
               a conversion privilege by one or more Persons acting in concert, and excluding
               an acquisition that would be a Change of Control under subsection (c) of this
               Section 2), (ii) any acquisition by the Company, (iii) any acquisition by any
               employee benefit plan (or related trust) sponsored or maintained by the Company
               or any corporation or other entity controlled by the Company, (iv) any
               acquisition by any corporation or other entity pursuant to a reorganization,
               merger or consolidation which would not be a Change of Control under subsection
               (c) of this Section 2; or (v) any acquisition by an Exempt Person; or 

               

          	(b) 	  	
      
               Individuals who, as of the date hereof, constitute the Company’s Board of
               Directors (the “Incumbent Board”) cease for any reason to constitute
               at least a majority of the Company’s Board of Directors; provided, however,
               that any individual becoming a director subsequent to the date hereof whose
               election, or nomination for election by the Company’s shareholders, was
               approved by a vote of at least a majority of the directors then comprising the
               Incumbent Board shall be considered as though such individual were a member of
               the Incumbent Board, but excluding, for this purpose, any such individual whose
               initial assumption of 

    

 
	 	
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               office occurs as a result of either an actual or
               threatened “election contest” or other actual or threatened
               “solicitation” (as such terms are used in Rule 14a-11 of Regulation
               14A promulgated under the Exchange Act) of proxies or consents by or on behalf
               of a person other than the Incumbent Board; or 

    

	(c) 	  	
               Consummation of any reorganization, merger, share exchange or consolidation of
               the Company, unless, following such reorganization, merger, share exchange or
               consolidation, (i) 75% or more of, respectively, the then outstanding shares of
               common stock of the corporation or other entity resulting from such
               reorganization, merger, share exchange or consolidation and the combined voting
               power of the then outstanding voting securities of such corporation or other
               entity entitled to vote generally in the election of directors is then
               beneficially owned, directly or indirectly, by all or substantially all of the
               individuals and entities who were the beneficial owners, respectively, of the
               Outstanding Company Common Stock and Outstanding Company Voting Securities
               immediately prior to such reorganization, merger, share exchange or
               consolidation in substantially the same proportions as their ownership,
               immediately prior to such reorganization, merger, share exchange or
               consolidation, (ii) no Person (excluding the Company, any Exempt Person, any
               employee benefit plan (or related trust) of the Company or such corporation or
               other entity resulting from such reorganization, merger, share exchange or
               consolidation and any person beneficially owning, immediately prior to such
               reorganization, merger, share exchange or consolidation, directly or indirectly,
               20% or more of the Outstanding Company Common Stock or Outstanding Voting
               Securities, as the case may be) beneficially owns, directly or indirectly, 20%
               or more of, respectively, the then outstanding shares of common stock of the
               corporation or other entity resulting from such reorganization, merger, share
               exchange or consolidation or the combined voting power of the then outstanding
               voting securities of such corporation or other entity, entitled to vote
               generally in the election of directors and (iii) at least a majority of the
               members of the board of directors of the corporation or other entity resulting
               from such reorganization, merger, share exchange or consolidation were members
               of the Incumbent Board at the time of the execution of the initial agreement
               providing for such reorganization, merger, share exchange or consolidation; or 

               

          	(d) 	  	
      
               The consummation of (i) a complete liquidation or dissolution of the Company or
               (ii) the sale or other disposition of all or substantially all of the assets of
               the Company, other than to a corporation or other entity, with respect to which
               following such sale or other disposition, (A) 75% or more of, respectively, the
               then outstanding shares of common stock of such corporation or other entity and
               the combined voting power of the then outstanding voting securities of such
               corporation or other entity entitled to vote generally in the election of
               directors is then beneficially owned, directly or indirectly, by all or
               substantially all of the Persons who were the beneficial owners, respectively,
               of the Outstanding Company Common Stock and Outstanding Company Voting
               Securities immediately prior to such sale or other disposition in substantially
               the same 

    

 
	 	
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               proportion as their ownership, immediately prior to such sale or other
               disposition, of the Outstanding Company Common Stock and Outstanding Company
               Voting Securities, as the case may be, (B) no Person (excluding the Company, any
               Exempt Person, any employee benefit plan (or related trust) of the Company or
               such corporation or other entity and any person beneficially owning, immediately
               prior to such sale or other disposition, directly or indirectly, 20% or more of
               the Outstanding Company Common Stock or Outstanding Company Voting Securities,
               as the case may be) beneficially owns, directly or indirectly, 20% or more of,
               respectively, the then outstanding shares of common stock of such corporation or
               other entity or the combined voting power of the then outstanding voting
               securities of such corporation or other entity entitled to vote generally in the
               election of directors and (C) at least a majority of the members of the board of
               directors of such corporation or other entity were members of the Incumbent
               Board at the time of the execution of the initial agreement or action of the
               Board providing for such sale or other disposition of assets of the Company; or 

    

	(e) 	  	
               The occurrence of one transaction or a series of transactions, which has the
               effect of a divestiture by the Company of 25% or more of the combined voting
               power of the outstanding voting securities of the Bank; or 

               

          	(f) 	  	
               The occurrence of any sale, lease or other transfer, in one transaction or a
               series of transactions, of all or substantially all of the assets of the Bank
               (other than to the Company or one or more Exempt Persons). 

        2A.
Exempt Person. For purposes of this Agreement, “Exempt Person” shall
mean (i) Robert H. McKinney; (ii) Arlene A. McKinney; (iii) any
Exempt Descendant (as defined below); (iv) any corporation, partnership,
trust or other organization a majority of the beneficial ownership
interest of which is owned directly or indirectly by one or more of Robert
H. McKinney, Arlene A. McKinney or any Exempt Descendant; (v) any estate
or other successor-in-interest by operation of law of Robert H. McKinney,
Arlene A. McKinney or any Exempt Descendant; and (vi) with reference
to an issuer, any group within the meaning of Rule 13d-5(b) under the
Exchange Act, if the majority of the shares of such issuer beneficially
owned by such group is attributable to shares of such issuer which would
be considered beneficially owned by individuals and entities described in
(i) through (v) inclusive absent the existence of the group. For purposes
of this definition, “Exempt Descendant” shall mean any child,
grandchild or other descendant of Robert H. McKinney, or any spouse of any
such child, grandchild or other descendant, including in all cases
adoptive relationships.  

        3.
Employment.  

          	(a) 	  	
      
               During the Employment Term, the Bank agrees to continue to employ the Executive,
               and the Executive agrees to remain in the employ of the Bank, subject to the
               terms and conditions of this Agreement. During the Employment Term, the
               Executive shall be employed as head of corporate banking for the Bank or
               in another executive capacity of similar or greater importance requiring the
               

    

 
	 	
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               performance of some or all of the same or similar duties and responsibilities.
               During the Employment Term, the Executive’s services shall be performed at
               the location where the Executive was employed immediately preceding the
               Effective Date or at any office or location less than 35 miles from such
               location, unless mutually agreed to in writing by the parties. 

    

	(b) 	  	
               Excluding periods of vacation and sick leave to which the Executive is entitled,
               during the Employment Term the Executive agrees to devote full time attention to
               the business and affairs of the Bank and its affiliated companies to the extent
               necessary to discharge the responsibilities assigned to the Executive hereunder,
               provided that the Executive may take reasonable amounts of time to (i) serve on
               corporate, civil or charitable boards or committees, and (ii) deliver lectures,
               fulfill speaking engagements or teach at educational institutions, if such
               activities do not significantly interfere with the performance of the
               Executive’s responsibilities hereunder. It is expressly understood and
               agreed that to the extent any such activities have been conducted by the
               Executive during the period of his employment with the Bank prior to the
               Effective Date, the continued conduct of such activities (or the conduct of
               activities similar in nature and scope) subsequent to the Effective Date shall
               not thereafter be deemed to interfere with the performance of the
               Executive’s responsibilities hereunder. 

        4.
Compensation.  

          	(a) 	  	
               Base Salary. During the Employment Term, the Executive shall receive an
               annual base salary (“Annual Base Salary”), which shall be paid at a
               monthly rate, at least equal to 12 times the highest monthly base salary paid or
               payable to the Executive by the Bank and its affiliated companies in respect of
               the 12 month period immediately preceding the month in which the Effective Date
               occurs. During the Employment Term, the Annual Base Salary shall be reviewed at
               least annually and shall be increased at any time and from time to time as shall
               be substantially consistent with increases in base salary generally awarded in
               the ordinary course of business to other peer executives of the Bank and its
               affiliated companies. Any increase in Annual Base Salary shall not serve to
               limit or reduce any other obligation to the Executive under this Agreement.
               Annual Base Salary shall not be reduced after any such increase and the term
               Annual Base Salary as utilized in this Agreement shall refer to Annual Base
               Salary as so increased. As used in this Agreement, the term “affiliated
               companies” shall include any company controlled by, controlling or under
               common control with the Bank (including any successor or assign treated as the
               Bank pursuant to Section 9(a)). 

               

          	(b) 	  	
      
               Discretionary Bonuses. During the Employment Term, the Executive shall be
               entitled to participate, equitably in relation to other peer executives of the
               Bank and its affiliated companies, in any incentive compensation plans or awards
               adopted or made, and in any discretionary bonuses authorized or paid, by the
               Bank or its affiliated companies. No other compensation provided for in this
               

    

 
	 	
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               Agreement shall be deemed a substitute for the Executive’s right to
               participate in any such incentive compensation plans and to receive any such
               awards and bonuses. 

    

	(c) 	  	
               Savings and Retirement Plans. During the Employment Term, the Executive
               shall be entitled to participate in all savings and retirement plans, practices,
               policies and programs applicable generally to other peer executives of the Bank
               and its affiliated companies, but in no event shall such plans, practices,
               policies and programs provide the Executive with savings opportunities and
               retirement benefit opportunities, in each case, less favorable, in the
               aggregate, than the most favorable of those provided by the Bank and its
               affiliated companies for the Executive under such plans, practices, policies and
               programs as in effect at any time during the 12 month period immediately
               preceding the Effective Date, or, if more favorable to the Executive, those
               provided generally at any time after the Effective Date to other peer executives
               of the Bank and its affiliated companies. 

               

          	(d) 	  	
               Benefit Plans. During the Employment Term (and thereafter to the extent
               provided in the applicable plan, practice, policy or arrangement), the Executive
               and his family shall be eligible for participation in, and shall receive
               benefits pursuant to, all benefit plans, practices, policies and arrangements
               that are maintained or provided by the Bank or any of its affiliated companies
               (including, without limitation, medical, prescription drug, dental, disability,
               salary continuance, employee life, group life, accidental death and travel
               accident insurance plans and programs) and that are applicable generally to
               other peer executives of the Bank or any of its affiliated companies and their
               families; provided, however, that in no event shall such plans, practices,
               policies and arrangements provide the Executive and his family with benefits
               that are less favorable, in the aggregate, than those provided under the most
               favorable of such plans, practices, policies and arrangements in effect for the
               Executive and his family at any time during the 12 month period immediately
               preceding the Effective Date or, if more favorable to the Executive and his
               family, those provided generally at any time after the Effective Date to other
               peer executives of the Bank and its affiliated companies and their families. The
               Executive and his family shall be entitled to the following specific benefits,
               to the extent, as to each, the benefit would not be provided under the preceding
               sentence or would exceed the benefit provided under the preceding sentence: 

               

               	  	(1)	
                    Defined Benefit Pension Benefits. The Executive and his spouse or
                    beneficiaries shall be entitled to defined benefit pension benefits not less
                    favorable, in the aggregate, than the basic pension benefits provided for in the
                    Bank’s qualified defined benefit pension plan and the supplemental pension
                    benefits provided for in the Executive’s agreement under the Bank’s
                    nonqualified supplemental executive benefit plan, both as in effect on the date
                    hereof, subject to the terms of such plans and such agreement. 

 
	 	
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	(e) 	  	
               Expenses. During the Employment Term, the Executive shall be entitled to
               receive prompt reimbursement for all reasonable expenses incurred by the
               Executive in accordance with the most favorable policies, practices and
               procedures of the Bank and its affiliated companies in effect for the Executive
               at any time during the 12 month period immediately preceding the Effective Date
               or, if more favorable to the Executive, as in effect generally at any time
               thereafter with respect to other peer executives of the Bank and its affiliated
               companies. 

               

          	(f) 	  	
               Fringe Benefits. During the Employment Term, the Executive shall be
               entitled to fringe benefits (including but not limited to club dues) in
               accordance with the most favorable plans, practices, programs and policies of
               the Bank and its affiliated companies in effect for the Executive at any time
               during the 12 month period immediately preceding the Effective Date or, if more
               favorable to the Executive, as in effect generally at any time thereafter with
               respect to other peer executives of the Bank and its affiliated companies. 

               

          	(g) 	  	
               Office and Support Staff. During the Employment Term, the Executive shall
               be entitled to an office or offices of a size and with furnishings and other
               appointments, and to exclusive personal secretarial and other assistance, at
               least equal to the most favorable of the foregoing provided to the Executive by
               the Bank and its affiliated companies at any time during the 12 month period
               immediately preceding the Effective Date or, if more favorable to the Executive,
               as provided generally at any time thereafter with respect to other peer
               executives of the Bank and its affiliated companies. 

               

          	(h) 	  	
               Vacation and Sick Leave. During the Employment Term, the Executive shall
               be entitled to paid vacation and sick leave (without loss of pay) in accordance
               with the most favorable plans, policies, programs and practices of the Bank and
               its affiliated companies as in effect for the Executive at any time during the
               12 month period immediately preceding the Effective Date or, if more favorable
               to the Executive, as in effect generally at any time thereafter with respect to
               other peer executives of the Bank and its affiliated companies. 

               

        5.
Termination of Employment. During the Employment Term, the                Executive’s
employment hereunder may be terminated under the following                circumstances:  

          	(a) 	  	
      
               Death or Disability. The Executive’s employment shall terminate
               automatically upon the Executive’s death during the Employment Term. If the
               Bank determines in good faith that the Disability of the Executive has occurred
               during the Employment Term (pursuant to the definition of Disability set forth
               below), it may give to the Executive written notice in accordance with Section
               10 of this Agreement of its intention to terminate the Executive’s
               employment. In such event, the Executive’s employment with the Bank shall
               terminate effective on the 30th day after receipt of such notice by the
               Executive (the “Disability Effective Date”), provided that, within 30
               days after such receipt, the Executive shall not

    

 
	 	
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                have returned to full-time
               performance of the Executive’s duties. For purposes of this Agreement,
               “Disability” shall mean the absence of the Executive from the
               Executive’s duties with the Bank and its affiliated companies on a
               full-time basis for 180 consecutive business days as a result of incapacity due
               to mental or physical illness which is determined to be total and permanent by a
               physician selected by the Bank or its insurers and acceptable to the Executive
               or the Executive’s legal representative, provided if the parties are unable
               to agree, the parties shall request the Dean of the Indiana University School of
               Medicine to choose such physician. 

    

	(b) 	  	
               Cause. The Bank may terminate the Executive’s employment for
               “Cause.” For purposes of this Agreement, Cause shall mean: (i) a
               substantial failure by the Executive to perform his duties hereunder, other than
               a failure resulting from the Executive’s incapacity due to physical or
               mental illness; (ii) misappropriation or embezzlement of corporate or customer
               funds; (iii) conviction of, or a plea of guilty or nolo contendere to, a
               felony; (iv) a significant violation of any statutory or common law duty of
               loyalty to the Bank or any of its affiliated companies which results in material
               injury to the Bank or any such affiliate; (v) the removal or prohibition of the
               Executive from being an institution-affiliated party by a final order of an
               appropriate federal banking agency pursuant to section 8(e) of the Federal
               Deposit Insurance Act (“FDIA”) or any other provision of applicable
               law. No failure to perform by the Executive after Notice of Termination is given
               by the Executive shall constitute Cause for purposes of this Agreement. 

               

          	(c) 	  	
               Good Reason. 

               

               	 	(1) 	
                    The Executive may terminate his employment for Good Reason. For purposes of this
                    Agreement, “Good Reason” shall mean the occurrence after a Change of
                    Control of any of the events or conditions described in Subsections (i) through
                    (vi) hereof, other than an isolated, insubstantial and inadvertent action that
                    is not taken in bad faith and that is remedied by the Bank and its affiliated
                    companies promptly after receipt of notice thereof given by the Executive: 

                    

     	 	(i)	
          A material change in the character of the Executive’s position or job
          responsibilities, if the new position or responsibilities are demeaning or
          unsuitable for a person of the Executive’s background, training and
          experience; 

          

     	 	(ii)	
          Any involuntary reduction in the Executive’s target level of annual and
          long-term total compensation as in effect immediately prior to the Effective
          Date; 

          

     	 	(iii) 	
          Any failure by the Bank and its affiliated companies to comply with any of the
          provisions of Section 4 of this Agreement; 

 
	 	
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	 	(iv) 	

          Any material breach by the Bank and its affiliated companies of any provision of
          this Agreement; 

          

     	 	(v) 	

          Any purported termination of the Executive’s employment for Cause by the
          Bank and its affiliated companies which does not comply with the terms of
          Section 5(b) of this Agreement; and 

          

     	 	(vi)	

          The failure of the Bank and its affiliated companies to obtain an agreement,
          satisfactory to the Executive, from any successor or assign of the Bank and its
          affiliated companies, to assume and agree to perform this Agreement, as
          contemplated in Section 9 hereof; and 

          

     	 	(vii) 	

          The giving of notice by the Bank to the Executive pursuant to Section 1(a) of
          this Agreement that automatic extensions of the Employment Term will cease as of
          a date sooner than eight months after such Change of Control. 

          

               	 	(2)	
                    Any event or condition described in Section 5(c)(1) which occurs prior to the
                    Effective Date but which the Executive reasonably demonstrates (i) was at the
                    request of a third party who has indicated an intention or taken steps
                    reasonably calculated to effect a Change of Control, or (ii) otherwise arose in
                    connection with or in anticipation of a Change of Control, shall constitute Good
                    Reason for purposes of this Agreement notwithstanding that it occurred prior to
                    the Effective Date. 

                    

               	 	(3) 	
                    The Executive’s right to terminate his employment pursuant to this Section
                    5(c) shall not be affected by his incapacity due to physical or mental illness.
                    The Executive’s continued employment or failure to give Notice of
                    Termination shall not constitute consent to, or a waiver of rights with respect
                    to, any circumstances constituting Good Reason hereunder. 

                     

	(d) 	  	
      Voluntary Termination. The Executive may voluntarily terminate his
          employment hereunder at any time. 

      
          

 

	(e) 	  	
      
               Notice of Termination. Any purported termination by the Bank or by the
               Executive (other than by death of the Executive) shall be communicated by Notice
               of Termination to the other. For purposes of this Agreement, a “Notice of
               Termination” shall mean a written notice which (i) indicates the specific
               termination provision in this Agreement relied upon, (ii) to the extent
               applicable, sets forth in reasonable detail the facts and circumstances claimed
               to provide a basis for termination of the Executive’s employment under the
               provision so indicated, and (iii) the Termination Date. For purposes of this
               Agreement, no 

    

 
	 	
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               such purported termination of employment shall be effective
               without such Notice of Termination. 

    

 

	(f) 	  	
               Termination Date, Etc. “Termination Date” shall mean in the
               case of the Executive’s death, his date of death, or in the case of the
               Executive’s separation from the service of the Bank and its affiliated
               companies at the end of the Employment Term, the date of such separation, or in
               all other cases, the date specified in the Notice of Termination, subject to the
               following: 

               

               	 	(1) 	
                    If the Executive’s employment is terminated by the Bank, the date specified
                    in the Notice of Termination shall be at least 30 days after the date the Notice
                    of Termination is given to the Executive, provided, however, that in the case of
                    Disability, the Executive shall not have returned to the full-time performance
                    of his duties during such period of at least 30 days; 

                    

               	 	(2)	
                    If the Executive’s employment is terminated for Good Reason, the date
                    specified in the Notice of Termination shall not be more than 60 days after the
                    date the Notice of Termination is given to the Bank; and 

                    

               	 	(3) 	
                    In the event that within 30 days following the date of receipt of the Notice of
                    Termination, one party notifies the other that a dispute exists concerning the
                    basis for termination, the Executive’s employment hereunder shall not be
                    terminated except after the dispute is finally resolved and a Termination Date
                    is determined either by a mutual written agreement of the parties, or by a
                    binding and final judgment order or decree of a court of competent jurisdiction
                    (the time for appeal therefrom having expired and no appeal having been
                    perfected). 

        6.
Obligations of the Bank Upon Termination.  

 

	(a) 	  	
               Good Reason; Other Than for Cause, Death or Disability. If, during the
               Employment Term, the Bank shall terminate the Executive’s employment other
               than for Cause or Disability or the Executive shall terminate employment for
               Good Reason: 

               

          	(i) 	  	
               The Bank shall pay to the Executive in a lump sum in cash within five days after
               the Termination Date the sum of the amounts described in A, B, C, D and E below: 

                

	 	A.	
      The sum of: 

      
     

 

	 	(1)	
          The Executive’s Annual Base Salary through the Termination Date to the
          extent not theretofore paid; and 

 
	 	
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	 	(2) 	
          A portion of the Executive’s target annual bonus for the calendar year that
          includes the Termination Date, such portion being a fraction of such bonus, the
          numerator of which is the number of days of such calendar year up to and
          including the Termination Date, and the denominator of which is 365; and 

          

     	 	(3) 	
          Any compensation previously deferred by the Executive (together with any accrued
          interest or earnings thereon) and any accrued vacation pay, in each case to the
          extent not theretofore paid. 

          

	  	  	
      
          The
sum of the amounts described in Clauses (1), (2) and (3) shall be hereinafter referred to
as the “Accrued Obligations.” 

    

	 	B.	
      The amount equal to “x” times the sum of “y” plus
          “z”, where

      
     

	 	 “x”= 	
      
          the number of days remaining in the Employment Term (determined under Section 1(a) as
though such termination had not occurred and, if neither the Bank nor the Executive gave
the other a notice of non-extension prior to the Termination Date, as though the Bank had
given the Executive a notice of non-extension on the Termination Date) divided by 365; and

    

	 	 “y”= 	
      
          the Executive’s Annual Base Salary (increased for this purpose by any Section 401(k)
deferrals, cafeteria plan elections, or other deferrals that would have increased the
Executive’s Annual Base Salary if paid in cash to the Executive when earned); and 

    

 

	 	“z”= 	
      
          the Executive’s target annual bonus for the calendar year that includes the
Termination Date.

    

     	 	C.	
          With respect to each savings or retirement plan, practice, policy or program
          described in Section 4(c), a separate lump-sum supplemental retirement benefit
          equal to the excess of “x” over “y”, where 

          

	  	  	“x”= 	
the actuarial equivalent of the benefit that would be payable to the Executive under such
plan, practice, policy or program if the Executive’s employment continued for the
remainder of the Employment Term (determined under Section 1(a) as though such termination
had not occurred and, if neither the Bank nor the Executive gave the other a notice of
non-extension prior to the Termination Date, as though the Bank had given the Executive a
notice of non-extension on the Termination Date) with annual compensation equal to the sum
of his Annual Base Salary   

 
	 	
11	 

	  	  	 	
plus his target annual bonus for the calendar year that includes
the Termination Date, assuming for this purpose that all accrued benefits and
contributions are fully vested; and   
	 	 	 	 
	 	 	“y”= 	the actuarial equivalent of the Executive’s actual benefit (paid or payable), if any,
under such plan, practice, policy or program. 

	 	 	
      
          There
shall be used, in determining the “x” actuarial equivalent, the most favorable
to the Executive actuarial assumptions and employer contribution history with respect to
the applicable plan, practice, policy or program during the 12 month period immediately
preceding the Effective Date. There shall be used, in determining the “y”
actuarial equivalent, the actuarial assumptions utilized with respect to the applicable
plan, practice, policy or program during the 12 month period immediately preceding the
Effective Date). 

    

	 	D.	
      
          With respect to each medical or dental employee welfare benefit plan in which
          the Executive participates immediately before the Termination Date, the amount
          equal to the product of the excess of “x” over “y” times
          “z” divided by 365 [(x-y)z/365], where 

    

	 	 	“x”=  	the number of days after the Termination Date the Executive and his spouse and eligible
dependents would have been entitled to participate in said plan if his employment had
continued and said plan had remained in effect in the same form for the remainder of the
Employment Term (determined under Section 1(a) as though such termination had not occurred
and, if neither the Bank nor the Executive gave the other a notice of non-extension prior
to the Termination Date, as though the Bank had given the Executive a notice of
non-extension on the Termination Date) and he had continued to pay the same portion of the
cost of such participation as he paid before; and
	 	 	 	 
	 	 	“y”=	the number of days after the Termination Date the Executive and his spouse and eligible
dependents will be entitled to participate in said plan (assuming said plan remains in
effect in the same form and he continues to pay the same portion of the cost of such
participation as he paid before); and 

 
	 	
12	 

    

	 	 	“z”= 	the premium paid or payable by the Bank (net of any portion thereof paid or payable by the
Executive) attributable to the participation of the Executive (and his spouse and eligible
dependents, if applicable) in said plan for the last calendar year ending before the
Termination Date. 

	 	E.	
      

          The amount equal to “x” times “y”, where 

    

 

	 	 	“x”=  	the number of days remaining in the Employment Term (determined under Section 1(a) as
though such termination had not occurred and, if neither the Bank nor the Executive gave
the other a notice of non-extension prior to the Termination Date, as though the Bank had
given the Executive a notice of non-extension on the Termination Date) divided by 365; and 
	 	 	 	 
	 	 	“y”= 	the club dues for the Executive paid by the Bank or its affiliated companies attributable
to the last calendar year ending before the Effective Date. 

               	 	(ii)	
                    To the extent not theretofore paid or provided, the Bank shall timely pay or
                    provide to the Executive any other amounts or benefits required to be paid or
                    provided or which the Executive is eligible to receive pursuant to this
                    Agreement or under any plan, program, policy or practice or contract or
                    agreement of the Bank or any of its affiliated companies (such other amounts and
                    benefits shall be hereinafter referred to as the “Other Benefits”). 

                    

          	 	(b)	
               Death. If the Executive’s employment is terminated by reason of the
               Executive’s death during the Employment Term, this Agreement shall
               terminate without further obligations to the Executive’s legal
               representatives under this Agreement, except that after the Termination Date the
               Bank and its affiliated companies shall pay or provide the Accrued Obligations
               and the Other Benefits. 

               

          	 	(c) 	
               Disability. If the Executive’s employment is terminated by reason of
               the Executive’s Disability during the Employment Term, this Agreement shall
               terminate without further obligations to the Executive, except that the Bank and
               its affiliated companies shall pay or provide the Accrued Obligations and the
               Other Benefits. 

               

          	 	(d) 	
      
               Cause; Other Than for Good Reason. If the Executive’s employment
               shall be terminated for Cause during the Employment Term, or if the Executive
               voluntarily terminates employment during the Employment Term for other than Good
               Reason, this Agreement shall terminate without further obligations to the
               

    

 
	 	
13	 

	 	 	
      
               Executive, except that the Bank and its affiliated companies shall pay or
               provide the Accrued Obligations and the Other Benefits. 

    

 

	 	(e) 	
               Expiration of Employment Term. If the Executive’s employment
               terminates at the expiration of the original or any extended Employment Term,
               the Executive (or his family with respect to amounts or benefits payable or
               provided to the Executive’s family) shall be entitled to the Accrued
               Obligations and the Other Benefits. 

               

          	 	(f)	
               Interest on Delinquent Payments. All amounts payable under this Section 6
               shall be paid to the Executive (or to the Executive’s estate or
               beneficiary, as applicable) in a lump sum, in cash, within 30 days after the
               Date of Termination, or within such lesser number of days after the Date of
               Termination as may be provided elsewhere with respect to certain of such
               amounts, or at the times provided in Section 6(a)(ii) in the case of amounts
               payable under that section, or at the time provided under the applicable plan,
               arrangement or election in the case of other amounts payable under an employee
               benefit plan or arrangement or pursuant to the Executive’s election. If any
               payment is not made on time (hereinafter a “Delinquent Payment”), the
               Bank and its affiliated companies shall pay to the Executive, in addition to the
               principal sum, interest on such Delinquent Payment computed at the prime rate
               announced from time to time for the banking offices of JPMorgan Chase & Co.,
               or its successor, in Indianapolis, Indiana, compounded monthly. 

        7.
No Mitigation. In no event shall the Executive be obligated to seek other
employment to take any other action by way of mitigation of the amounts
payable to the Executive under any of the provisions of this Agreement,
and such amounts shall not be reduced, whether or not the Executive
obtains other employment.  

        8.
Trade Secrets. In consideration of the compensation and benefits to
provided by the Bank to the Executive under this Agreement, and to induce
the Bank to enter into this Agreement, the Executive agrees:  

          	 	(a) 	
               The Executive shall not make any Unauthorized Disclosure, either during the term
               of his employment hereunder or thereafter. For purposes of this sub-section,
               “Unauthorized Disclosure” means 

               

               	 	(i)	
                    the misappropriation by the Executive of any trade secret (as defined in Indiana
                    Code § 24-2-3-2) of the Bank, the Company or an affiliate of either (herein
                    referred to singly as a “First Indiana Group Entity” or collectively
                    as the “First Indiana Group Entities”); or 

                    

               	 	(ii) 	
      
                    the disclosure by the Executive to any person, or the use by the Executive, of
                    any non-public information regarding the First Indiana Group Entities or their
                    customers or employees obtained by the Executive in connection 

    

 
	 	
14	 

	 	 	
      
                    with the
                    performance of his duties as a director, officer or employee of any First
                    Indiana Group Entity, excluding (A) any such disclosure or use expressly
                    consented to by the Bank or the Company, (B) any such disclosure to a director,
                    officer, employee, representative or consultant of a First Indiana Group Entity
                    whom the Executive reasonably believes to be authorized to possess such
                    information, (C) any such disclosure or use prior to his Termination Date that
                    the Executive reasonably considers necessary or appropriate in connection with
                    the performance of his duties as a director, officer or employee of any First
                    Indiana Group Entity, and (D) any such disclosure that is needed in order for
                    the Executive (I) to assert any right or defend against any claim arising under
                    this Agreement or (II) to comply with any law, court order or subpoena which the
                    Executive reasonably believes to be applicable and enforceable against him; 

    

  provided, however, that Unauthorized
Disclosure shall not include the disclosure or use by the Executive of non-public
information that at the time of such disclosure or use is generally available to or known
by the public otherwise then by reason of the Executive’s disclosure thereof in
violation of this Agreement. It is understood and agreed that this sub-section is not
intended to prevent the Executive from using or exercising the skills and general
knowledge he has acquired or increased through his training or experience as a director,
officer or employee of any First Indiana Group Entity. 

  

          (b)
              During the term of his employment hereunder, the Executive shall not
provide any                banking or bank-related services or solicit or engage in any
banking or                bank-related business otherwise than on behalf of a First
Indiana Group Entity. 

  
          (c)
              On his Termination Date, to the extent he has not already done so, the
Executive                will deliver to the First Indiana Group Entities any and all
First Indiana                Information and Property (as herein defined) then in his
possession or subject                to his control. For purposes of this sub-section,
the term “First Indiana                Information and Property” means and
includes (i) all files, records,                reports, memoranda and other documents,
whether written or electronic, that the                Executive received, prepared,
helped prepare, directed the preparation of,                maintained or kept in
connection with his service as a director, officer or                employee of any
First Indiana Group Entity, (ii) all door and file keys,                identification
cards or badges, credit cards, computer hardware, computer                software,
computer printers, computer access codes and similar items issued or                made
available to the Executive in connection with his service as a director,
               officer or employee of any First Indiana Group Entity, (iii) all
documents,                whether written or electronic, containing any trade secrets (as
defined in                Indiana Code § 24-2-3-2) of any First Indiana Group Entity
and (iv) all                documents, whether written or electronic, containing
non-public information                regarding any First Indiana Group Entity or its
customers or employees, the use                or disclosure of which might be adverse to
the best interests of such entity or                its business. The Executive expressly
agrees and promises that he will not                retain any copies, duplicates,
reproductions, or excerpts of any First Indiana                Information and Property.
The Executive acknowledges that this obligation is                continuing and agrees
promptly to deliver to the First Indiana Group Entities                any subsequently  

  

   
  	 	
15	 

  

  

  (c)               discovered First
Indiana Information and Property and any                subsequently discovered copies,
duplicates or reproductions of, or excerpts                from, First Indiana
Information and Property. In the case of electronic data                contained in
files residing on the Executive’s personally-owned computers
               (including any drives or disks associated therewith), the Executive may
satisfy                his obligations under this sub-section by deleting all such files
that can be                located easily and by deleting all other such files as and
when they are                discovered. Notwithstanding anything else in this
subparagraph (i), the                Executive may retain documents concerning any
benefit plans or employment                policies from which he may be or become
entitled to benefits and documents                concerning his rights under this
Agreement.  

  

          (d)
              The Executive understands and agrees that a breach of this section will
permit                the First Indiana Group Entities to pursue all legal and equitable
relief to                which they are entitled as a result of such breach.  

  

          9.
Successors and Assigns. 

  	(a) 	  	

        
               This Agreement shall be binding upon and shall inure to the benefit of the Bank
               and its successors and assigns. The Bank shall require any successor or assign
               (whether direct or indirect, by purchase, merger, share exchange, consolidation
               or otherwise), by agreement in form and substance satisfactory to the Executive,
               to acknowledge expressly that this Agreement is binding upon and enforceable
               against the Bank in accordance with the terms hereof, and to become jointly and
               severally obligated with the Bank to perform this Agreement in the same manner
               and to the same extent that the Bank would be required to perform if no such
               succession or assignment had taken place. Unless otherwise clearly indicated by
               the context, the term “Bank” as used herein shall include such
               successors and assigns. The term “successors and assigns” as used
               herein shall mean a corporation or other entity acquiring all or substantially
               all of the assets and business of the Bank (including this Agreement), whether
               by operation of law or otherwise. In the event substantially all of the assets
               and business of the Bank are acquired by another entity in a transaction or
               series of transactions constituting a Change of Control, such term shall include
               the entity acquiring such assets and thereafter operating such business. 

      

  

      

  	(b) 	  	

        
               Neither this Agreement nor any right or interest hereunder shall be assignable
               or transferable by the Executive, his beneficiaries or legal representatives,
               except by will or by the laws of descent and distribution. This Agreement shall
               inure to the benefit of and be enforceable by the Executive’s legal
               representative. 

      

  

        10.
Notice. For the purposes of this Agreement, notices and all other
               communications provided for in the Agreement (including the Notice of
               Termination) shall be in writing and shall be deemed to have been duly
given                when personally delivered or sent by certified mail, return receipt
requested,                postage prepaid, if to the Bank, to First Indiana Bank, 135
North Pennsylvania                Street, Indianapolis, Indiana 46204, or if to the
Executive, to the address set                forth below the Executive’s signature,
or to such other address as the                party may be notified, provided that all  

  

       

  	 	
16	 

  

      

  notices to the Bank shall be
directed                to the attention of the Board with a copy to the Secretary of the
Bank. All                notices and communications shall be deemed to have been received
on the date of                delivery thereof or on the third business day after the
mailing thereof, except                that notice of change of address shall be
effective only upon receipt.  

  

          11.
Non-Exclusivity of Rights. Nothing in this Agreement shall prevent or
limit the Executive’s continuing or future participation in any
benefit, bonus, incentive or other plan or program provided by the Bank or
any of its affiliated companies for which the Executive may qualify.
Amounts which are vested benefits or which the Executive is otherwise
entitled to receive under any plan or program of the Bank or any of its
affiliated companies shall be payable in accordance with such plan or
program, except as explicitly modified by this Agreement.  

  

          12.
 Settlement of Claims. The Bank’s obligation to make the payments
               provided for in this Agreement and otherwise to perform its obligations
               hereunder shall not be affected by any circumstances, including, without
               limitation, any set-off, counterclaim, recoupment, defense or other right
which                the Bank or any of its affiliated companies may have against the
Executive or                others.  

  

          13.
 Miscellaneous. No provision of this Agreement may be modified, waived or
               discharged unless such waiver, modification or discharge is agreed to in
writing                and signed by the Executive and the Bank. No waiver by either
party hereto at                any time of any breach by the other party hereto of, or
compliance with, any                condition or provision of this Agreement to be
performed by such other party                shall be deemed a waiver of similar or
dissimilar provisions or conditions at                the same or at any prior or
subsequent time. No agreement or representations,                oral or otherwise,
express or implied, with respect to the subject matter hereof                have been
made by either party which are not expressly set forth in this                Agreement.  

  

          14.
 Employment. The Executive and the Bank acknowledge that, prior to the
Effective Date, the employment of the Executive by the Bank is “at
will” and may be terminated by either the Executive or the Bank at
any time. If the Executive’s employment with the Bank terminates
prior to the Effective Date, then the Executive shall have no further
rights under this Agreement.  

  

          15.
Governing Law. This Agreement shall be governed by and construed and
enforced in accordance with the laws of the State of Indiana without
giving effect to the conflict of law principles thereof.  

  

          16.
 Severability. The provisions of this Agreement shall be deemed severable
and the invalidity or unenforceability of any provision shall not affect
the validity or enforceability of the other provisions hereof.  

  

          17.
Entire Agreement. 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; provided, however, that
this Agreement shall not affect or operate to reduce any benefit or
compensation  

  

           

  	 	
17	 

  

          

  inuring to the Executive
               of a kind generally provided under a separate agreement, understanding or
               arrangement and not expressly provided under this Agreement.  

  

          18.
Headings. The headings herein contained are for reference only and shall
not affect the meaning or interpretation of any provision of this
Agreement.  

  

          19.
Modification. No provision of this Agreement may be modified, waived or
discharged unless such modification, waiver or discharge is agreed to in
writing signed by both the Executive and the Bank.  

  

          20.
Arbitration. In the event of any disputes, differences, controversies or
claims arising out of, or in connection with, this Agreement, other than a
dispute in which the sole relief sought is an equitable remedy, such as a
temporary restraining order or a permanent or temporary injunction, the
parties shall be required to have the dispute, controversy, difference or
claim settled through binding arbitration pursuant to the American
Arbitration Association’s rules of commercial arbitration which are
then in effect. The location of all arbitration proceedings shall be
Indianapolis, Indiana. One arbitrator shall be selected by the parties and
shall be a current or former executive officer (vice president or higher)
of a publicly-traded corporation. In the event the parties are unable
mutually to agree upon a person to act as the arbitrator, or in the event
a mutually-agreed upon arbitrator shall fail to accept the appointment by
the parties, the parties jointly shall request from the American
Arbitration Association a list of the names of five persons who would be
qualified to act as an arbitrator under this section. The selection of the
final arbitrator then shall be achieved by each party alternately striking a
name, with the Bank going first, until one name remains. In the event the
parties mutually agree that the five names submitted by the American
Arbitration Association are unsatisfactory, they jointly may request a
second list of five names from the American Arbitration Association and
final selection shall be achieved through the procedure set out herein.
The decision of the arbitrator is final and binding upon both parties and
any award entered by the arbitrator shall be final, binding and
non-appealable and judgment may be entered thereon by either party in
accordance with the applicable law in any court of competent jurisdiction.
The arbitrator shall not have authority to modify any provision of this
Agreement nor to award a remedy for any difference, dispute, controversy or
claim arising under this Agreement other than a benefit specifically
provided under or by virtue of this Agreement. The Bank shall be
responsible for all of the reasonable expenses of the American Arbitration
Association, the arbitrator and the conduct of the selection and the
arbitration procedures set forth in this clause, including reasonable
attorneys’ fees and expenses incurred by either party which are
associated with the arbitration procedure through the time the final
arbitration decision or award is rendered. This arbitration provision
shall be specifically enforceable.  

  

          21.
Withholding. The Bank shall be entitled to withhold from amounts paid to
the Executive hereunder any federal, estate or local withholding or other
taxes or charges which it is, from time to time, required to withhold. The
Bank shall be entitled to rely on an opinion of counsel if any question as
to the amount or requirement of any such withholding shall arise. 

           

  	 	
18	 

  

          

          22.
 Limitation on Payments.  

  

          (a)
                Notwithstanding anything contained herein to the contrary, prior to
the payment                of any amounts pursuant to Section 6(a) hereof, an independent
national                accounting firm designated by the Bank (the “Accounting Firm”)
shall                compute whether there would be payable to the Executive any “excess
               parachute payments,” within the meaning of Section 280G of the
Internal                Revenue Code of 1986, as amended (the “Code”), taking
into account the                total “parachute payments,” within the meaning
of Section 280G of the                Code, payable or to be provided to the Executive,
whether by the Bank or any of                its affiliates or by any successor to the
Bank or any such affiliate, and                whether under this Agreement or outside of
this Agreement. If there would be any                excess parachute payments, the
Accounting Firm will compute the net after-tax                proceeds to the Executive,
taking into account the excise tax imposed by Section                4999 of the Code, if
(i) such parachute payments were reduced to the point that                the total
thereof would not exceed three times the “base amount” as
               defined in Section 280G of the Code, less One Dollar ($1.00), or (ii) such
               parachute payments were not reduced. If not reducing such parachute
payments                would result in a greater after-tax amount to the Executive, such
parachute                payments shall not be reduced. If reducing such parachute
payments would result                in a greater after-tax amount to the Executive, they
shall be reduced to such                lesser amount. If such parachute payments must be
reduced, the Executive shall                direct which of the payments are to be
reduced and the manner in which each is                to be limited or modified. The
determination by the Accounting Firm shall be                binding upon the Bank and
its affiliated companies and the Executive subject to                the application of
Section 22(c) hereof.  

  

          (b)
                As a result of various incentive or other plans, the Executive may
be entitled                to receive various parachute payments over a period of several
years. In such                event, the Accounting Firm may need to update its Section
22(a) calculations one                or more times. In the event that all or a portion
of a parachute payment is not                made due to the limitations of this Section
22, the Bank and its affiliated                companies shall not be relieved of
liability for such amount but such parachute                payment shall be deferred and
included in calculations with respect to                subsequent parachute payments.  

  

          (c)
                As a result of uncertainty in the application of section 280G of the
Code at the                time of determinations by the Accounting Firm hereunder,
uncertainties in the                valuation of future payments, and deferrals pursuant
to Section 6(a), it is                possible that parachute payments will have been
made by the Bank and its                affiliated companies which should not have been
made (an                “Overpayment”) or that additional parachute payments
which will not                have been made by the Bank and its affiliated companies
could have been made (an                “Underpayment”), consistent in each
case with the other provisions of                this Section 22. In the event that the
Accounting Firm, based upon the assertion                of a deficiency by the Internal
Revenue Service against the Bank or any of its                affiliated companies or the
Executive which the Accounting Firm believes has a                high probability of
success, determines that an Overpayment has been made, such                Overpayment
shall be treated for all purposes as a loan to the Executive which                the
Executive shall repay to the Bank or such affiliated company, together with
               interest at the applicable federal rate provided for in section
7872(f)(2)(A) of                the Code; provided, however, that no amount shall be
payable by the Executive to                the Bank or such affiliated company if and to
the extent that such payment would 

  

           

  	 	
19	 

  

          

  not reduce the amount which is
subject to taxation under section 4999 of the                Code. In the event that the
Accounting Firm determines that an Underpayment has                occurred, such
Underpayment shall promptly be paid or transferred by the Bank or                such
affiliated company to or for the benefit of the Executive, together with
               interest at the applicable federal rate provided for in section
7872(f)(2)(A) of                the Code.  

  

          (d)
                All fees, costs and expenses (including, but not limited to, the
cost of                retaining experts) of the Accounting Firm shall be borne by the
Bank and the                Bank shall pay such fees, costs and expenses as they become
due. In performing                the computations required hereunder, the Accounting
Firm shall assume that all                parachute payments to be made to the Executive
will be subject to federal and                state income tax at the maximum rate in
effect at the time the determination is                made unless the Executive provides
the Accounting Firm with evidence that it is                more probable than not that
one or more parachute payments will be taxable at a                lower rate, or lower
rates, in which case the Accounting Firm shall assume that                such parachute
payments will be taxed at the lower rate or rates.  

  

          (e)
                In the event this Agreement is subject to Section 18(k) of the FDIA
at the time                any payment is to be made by the Bank to the Executive
pursuant to this                Agreement or otherwise, such payment will be subject to,
and conditioned upon,                its compliance with Section 18(k) of the FDIA and
any regulations promulgated                thereunder.  

  

          23.
Required Provisions.  

  

          (a)
                If the Executive is suspended or temporarily prohibited from
participating in                the conduct of the Bank’s affairs by a notice served
under                Section 8(e)(3) or (g)(1) of the FDIA (12 U.S.C. 1818(e)(3)
and                (g)(1)), the Bank’s obligations under this Agreement shall be
suspended as                of the date of service unless stayed by appropriate
proceedings. If the charges                in the notice are dismissed, the Bank may in
its discretion (i) pay the                Executive all or part of the compensation
withheld while its obligations                hereunder were suspended, and (ii)
reinstate (in whole or in part) any of its                obligations which were
suspended.  

  

          (b)
                If the Executive is removed and/or permanently prohibited from
participation in                the conduct of the Bank’s affairs by an order issued
under                Section 8(e)(4) or (g)(1) of the FDIA (12 U.S.C. 1818(e)(4) or
(g)(1)), all                obligations of the Bank under this Agreement shall terminate
as of the effective                date of the order, but any vested rights of the
contracting parties shall not be                affected.  

  

          (c)
                If the Bank is in default (as defined in Section 3(x)(1) of the
FDIA), all                obligations under this Agreement shall terminate as of the date
of default, but                any vested rights of the contracting parties shall not be
affected.  

  

          (d)
                All obligations under this Agreement shall be terminated, except to
the extent                it is determined that continuation of this Agreement is
necessary for the                continued operation of the Bank: (i) by the Director of
the Federal Deposit                Insurance Corporation (the “Director”) or
his or her designee, at the                time the Federal Deposit Insurance Corporation
enters into an agreement to  

  

           

  	 	
20	 

  

          

  provide assistance to or on behalf
of the Bank under the authority contained in                Section 13(c) of the
FDIA; or (ii) by the Director or his or her designee                at the time the
Director or his or her designee approves a supervisory merger to                resolve
problems related to operation of the Bank or when the Bank is determined
               by the Director to be in an unsafe or unsound condition. All rights of the
               parties that have already vested, however, shall not be affected by such
action.  

  

          IN
WITNESS WHEREOF, the Bank has caused this Agreement to be executed by its duly authorized
officers and the Executive has executed this Agreement as of the day and year first above
written.  

  

  	 	  	FIRST INDIANA BANK,
N.A.  
	 	 	 
	 	 	By: _________________________________________
	 	 	           Robert H. Warrington, President & CEO
                                                                        

                               
      “Bank”
	 	 	 
	ATTEST:
 

      

      ____________________

      Secretary
    	 	 
	 	 	 
	 	 	
       

      _______________________________________

                                   Tim S. Massey “Executive”

	 	 	 
	 	 	Address: ______________________________
	 	 	 
	 	 	                 ______________________________

  

           

  	 	
21exv10w56

 

EXHIBIT 10.56

 

 

CROSS-INDEMNITY AGREEMENT

by and between

FIDELITY NATIONAL INFORMATION SERVICES, INC.

and

FIDELITY NATIONAL TITLE GROUP, INC.

Dated as of                     , 2006

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	ARTICLE 1. DEFINITIONS	 	 	1	 
	Section 1.1.
	 	General	 	 	1	 
	Section 1.2.
	 	Interpretation	 	 	4	 
	 
	 	 	 	 	 	 
	ARTICLE 2. INDEMNIFICATION	 	 	5	 
	Section 2.1.
	 	Indemnification by FNT Group	 	 	5	 
	Section 2.2.
	 	Indemnification by FIS Group	 	 	5	 
	Section 2.3.
	 	Claim Procedure	 	 	6	 
	Section 2.4.
	 	Contribution	 	 	8	 
	Section 2.5.
	 	Limitations	 	 	8	 
	 
	 	 	 	 	 	 
	ARTICLE 3. MISCELLANEOUS	 	 	9	 
	Section 3.1.
	 	Governing Law	 	 	9	 
	Section 3.2.
	 	Jurisdiction	 	 	9	 
	Section 3.3.
	 	Dispute Resolution	 	 	9	 
	Section 3.4.
	 	Access to Information	 	 	11	 
	Section 3.5.
	 	Notices	 	 	11	 
	Section 3.6.
	 	Binding Effect and Assignment	 	 	12	 
	Section 3.7.
	 	Severability	 	 	12	 
	Section 3.8.
	 	Entire Agreement	 	 	12	 
	Section 3.9.
	 	Counterparts	 	 	12	 
	Section 3.10.
	 	Expenses	 	 	12	 
	Section 3.11.
	 	Amendment	 	 	13	 
	Section 3.12.
	 	Waiver	 	 	13	 
	Section 3.13.
	 	Authority	 	 	13	 
	Section 3.14.
	 	Construction of Agreement	 	 	13	 
	Section 3.15.
	 	Termination	 	 	14	 

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CROSS-INDEMNITY AGREEMENT

     This Cross-Indemnity Agreement (this “Agreement”) is entered into as of ___, 2006,
by and between Fidelity National Information Services, Inc., a Georgia corporation (“FIS”), and
Fidelity National Title Group, Inc., a Delaware corporation (“FNT”).

RECITALS

     WHEREAS, FIS and Fidelity National Financial, Inc., a Delaware corporation (“FNF”), have
entered into an Agreement and Plan of Merger, dated as of June 25, 2006, as amended and restated as
of September 18, 2006 (the “Merger Agreement”), providing among other things for the merger of FNF
with and into FIS (the “Merger”);

     WHEREAS, FNT and FNF have entered into a Securities Exchange and Distribution Agreement, dated
as of June 25, 2006, as amended and restated as of
September 18, 2006 (the “SEDA”), providing among
other things for the transfer by FNF to FNT of all of the shares of capital stock of certain of
FNF’s subsidiaries and certain other assets, certain related reorganization transactions and the
distribution prior to the Effective Time (as defined in the Merger Agreement) of the Merger of all
of the shares of capital stock of FNT held by FNF on a pro rata basis to the holders of the common
stock of FNF (the “Spin-off”);

     WHEREAS, following the Spin-off, FNT will cease to be an Affiliate of FNF or FIS; and

     WHEREAS, in connection with the Spin-off, FNT and FIS desire to indemnify each other on the
terms and subject to the conditions set forth below;

     NOW, THEREFORE, in consideration of the premises, and of the representations, warranties,
covenants and agreements set forth herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

ARTICLE 1. DEFINITIONS

Section 1.1. General.

     As used in this Agreement, the following terms shall have the following meanings:

     “Action” means any demand, action, lawsuit, countersuit, arbitration, inquiry, proceeding or
investigation by or before any Governmental Entity or any arbitration or mediation tribunal.

     “Affiliate” means, with respect to any specified Person, a Person that directly, or indirectly
through one or more intermediaries, controls, is controlled by, or is under common control with,
such specified Person; provided, however, that, for purposes of this Agreement, no

 

member of either Group shall be deemed to be an Affiliate of any member of the other Group.
As used herein, “control” means the possession, directly or indirectly, of the power to direct or
cause the direction of the management and policies of such Person, whether through ownership of
voting securities or other interests, by contract or otherwise.

     “Agreement” has the meaning given in the Preamble.

     “Arbitrator” has the meaning set forth in Section 3.3(c).

     “Assumption Agreement” means that certain Assumption Agreement of even date herewith between
FNT and FNF.

     “Business Day” means any day, other than a Saturday or Sunday, or a day on which banking
institutions are authorized or required by law or regulation to close in Jacksonville, Florida or
New York, New York.

     “Claim Notice” has the meaning set forth in Section 2.3(a).

     “Claimed Amount” has the meaning set forth in Section 2.3(a).

     “Controlling Party” has the meaning set forth in Section 2.3(d)(ii).

     “Dispute” has the meaning set forth in Section 3.3(a).

     “FIS” has the meaning set forth in the Preamble.

     “FIS Governmental Filing” means any report, schedule, form, statement or other document filed
by any member of the FIS Group with any Governmental Entity, excluding Tax Returns (as defined in
the Tax Disaffiliation Agreement).

     “FIS Group” means, collectively, FIS, the FIS Subsidiaries and each Person that is an
Affiliate of FIS immediately after the Spin-off or thereafter becomes an Affiliate of FIS, but
shall not include FNF or, prior to the closing of the Leasing Merger, Leasing or any Leasing
Subsidiary.

     “FIS Indemnified Parties” has the meaning set forth in Section 2.1.

     “FIS Subsidiaries” means all direct and indirect Subsidiaries of FIS, including, after the
closing of the Leasing Merger, Leasing and the Leasing Subsidiaries.

     “FNF” has the meaning given in the Recitals.

     “FNT” has the meaning given in the Preamble.

     “FNT Governmental Filing” means any report, schedule, form, statement or other document filed
by any member of the FNT Group with any Governmental Entity, excluding Tax Returns (as defined in
the Tax Disaffiliation Agreement).

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     “FNT Group” means, collectively, FNT, the FNT Subsidiaries and each Person that is an
Affiliate of FNT immediately after the Spin-off or thereafter becomes an Affiliate of FNT.

     “FNT Indemnified Parties” has the meaning set forth in Section 2.2.

     “FNT Subsidiaries” means all direct and indirect Subsidiaries of FNT.

     “GAAP” means U.S. generally accepted accounting principles, consistently applied.

     “Governmental Entity” means any court, tribunal, arbitrator or governmental or regulatory
official, authority or agency, domestic or foreign.

     “Group” means either the FIS Group or the FNT Group, as the context requires.

     “Indemnifiable Losses” mean all losses, claims, demands, damages, liabilities, judgments,
dues, penalties, assessments, fines (civil, criminal or administrative), obligations, liens,
forfeitures, settlements, payments, costs, fees or expenses (including reasonable attorneys’ fees
and expenses and any other expenses reasonably incurred in connection with investigating,
prosecuting or defending an Action), of any nature or kind, including any reasonable out-of-pocket
fees, costs or expenses of enforcing any indemnity hereunder; provided that “Indemnifiable
Losses” shall not include (i) any Taxes, (ii) any indirect, special, consequential or punitive
damages except for indirect, special, consequential or punitive damages paid or awarded to a third
party in a Third-Party Claim, or (iii) any of the foregoing items to the extent caused by,
resulting from or arising out of the gross negligence, willful misconduct or fraud of such
Indemnitee or its Affiliates.

     “Indemnified Party” has the meaning set forth in Section 2.3(a).

     “Indemnifying Party” has the meaning set forth in Section 2.3(a).

     “Indemnitee” means a Person who or which may seek indemnification under this Agreement.

     “Leasing” means FNF Capital Leasing, Inc., a Delaware corporation.

     “Leasing Merger” means the merger of Leasing with and into FIS Capital Leasing, Inc. pursuant
to the Leasing Merger Agreement.

     “Leasing Merger Agreement” means the Agreement and Plan of Merger, dated as of September 12,
2006, among Leasing, FIS and FIS Capital Leasing, Inc.

     “Merger” has the meaning set forth in the Recitals.

     “Merger Agreement” has the meaning set forth in the Recitals.

     “Non-controlling Party” has the meaning set forth in Section 2.3(d)(ii).

     “NYSE” means the New York Stock Exchange, Inc.

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     “Person” means an individual, a partnership, a corporation, a limited liability company, an
association, a joint stock company, a trust, a joint venture, an unincorporated organization and a
governmental entity or any department, agency, or political subdivision thereof.

     “Representatives” means, with respect to any Person, any of such Person’s directors, officers,
employees, agents, consultants, advisors, accountants or attorneys.

     “SEDA” has the meaning set forth in the Recitals.

     “Spin-off” has the meaning set forth in the Recitals.

     “Steering Committee” has the meaning set forth in Section 3.3(a).

     “Subsidiary” means with respect to any specified Person, any corporation or other legal entity
of which such Person controls or owns, directly or indirectly, more than fifty percent (50%) of the
stock or other equity interest entitled to vote on the election of the members of the board of
directors or similar governing body.

     “Tax” and “Taxes” each shall have the meaning provided in the Tax Disaffiliation Agreement
entered into between FNF, FNT and FIS as of the date hereof.

     “Tax Disaffiliation Agreement” has the meaning provided in the Merger Agreement.

     “Third-Party Claim” has the meaning set forth in Section 2.3(d)(i).

     “Transferred Business” has the meaning provided in the SEDA.

Section 1.2. Interpretation.

     (a) For purposes of this Agreement (including all exhibits, schedules and amendments), unless
the context otherwise requires, (i) all terms defined herein include the plural as well as the
singular, and the masculine, feminine or neuter gender shall be deemed to include the others
whenever the context so requires, (ii) all accounting terms used but not otherwise defined herein
shall have the meanings given to them under GAAP and (iii) references to any Person include
successors of such Person by consolidation and merger and transferees of all or substantially all
its assets (provided that references to FNF shall not be deemed to include FIS and
provided, further, that such successor has duly assumed in writing all such
Person’s obligations, if any, hereunder).

     (b) Words such as “herein,” “hereinafter,” “hereof,” “hereto,” “hereby” and “hereunder,” and
words of like import refer to this Agreement, unless the context requires otherwise.

     (c) References herein to any agreement or other instrument shall, unless the context otherwise
requires (or the definition thereof otherwise specifies), be deemed references to the same as it
may from time to time be changed, amended or extended in accordance with its terms.

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     (d) All references in this Agreement to times of the day shall be to the city of Jacksonville,
Florida time.

ARTICLE 2. INDEMNIFICATION

Section 2.1. Indemnification by FNT Group.

     FNT will indemnify, defend and hold harmless each member of the FIS Group, each of their
respective past, present and future Representatives, and each of their respective successors and
assigns (collectively, the “FIS Indemnified Parties”) from and against any and all Indemnifiable
Losses incurred or suffered by the FIS Indemnified Parties to the extent arising or resulting from
the following, whether such Indemnifiable Losses arise or accrue prior to, on or following the date
hereof or the date on which any member of the FNT Group became a member of the FNT Group:

     (a) the ownership or operation of the assets or properties, the operations or conduct of the
business, and the employee retirement and benefit plans and financial statements, of any member of
the FNT Group;

     (b) any breach by any member of the FNT Group of this Agreement, any other agreement to which
any of them is a party, any of their respective certificates of incorporation or by-laws, or any
law or regulation;

     (c) any untrue statement of, or omission to state, a material fact in any FIS Governmental
Filing to the extent it was as a result of information about a member of the FNT Group;

     (d) any untrue statement of, or omission to state, a material fact in any FNT Governmental
Filing, except to the extent the statement was about a member of the FIS Group;

     (e) any Action brought by a third party to the extent relating to the transactions
contemplated by the SEDA (other than the transactions contemplated by the Merger Agreement or the
Leasing Merger Agreement); and

     (f) the provision of services by or employment of any Representative with respect to the FNT
Group (including the Transferred Business prior to the date it is transferred to FNT), and the
termination of such services or employment.

Section 2.2. Indemnification by FIS Group.

     FIS will indemnify, defend and hold harmless each member of the FNT Group, each of their
respective past, present and future Representatives, and each of their respective successors and
assigns (collectively, the “FNT Indemnified Parties”) from and against any and all Indemnifiable
Losses incurred or suffered by the FNT Indemnified Parties to the extent arising or resulting from
the following, whether such Indemnifiable Losses arise or accrue prior to, on or following the date
hereof or the date on which any member of the FIS Group became a member of the FIS Group:

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     (a) the ownership or operation of the assets or properties, the operations or conduct of the
business, and the employee retirement and benefit plans and financial statements, of any member of
the FIS Group;

     (b) any breach by any member of the FIS Group of this Agreement, any other agreement to which
any of them is a party, any of their respective certificates of incorporation or by-laws, or any
law or regulation;

     (c) any untrue statement of, or omission to state, a material fact in any FNT Governmental
Filing to the extent it was as a result of information about a member of the FIS Group;

     (d) any untrue statement of, or omission to state, a material fact in any FIS Governmental
Filing, except to the extent the statement was about a member of the FNT Group;

     (e) any Action brought by a third party to the extent relating to the transactions
contemplated by either (i) the Merger Agreement or the Leasing Merger Agreement (other than the
transactions contemplated by the SEDA) or (ii) the Amended and Restated Stock Purchase Agreement
between FIS, FNF and the purchasers named therein dated March 8, 2005; and

     (f) the provision of services by or employment of any Representative with respect to the FIS
Group, and the termination of such services or employment.

Section 2.3. Claim Procedure.

     (a) Claim Notice. A party that seeks indemnity under this Article 2 (an “Indemnified
Party”) will give written notice (a “Claim Notice”) to the party from whom indemnification is
sought (an “Indemnifying Party”), whether the Indemnifiable Losses sought arise from matters solely
between the parties or from Third-Party Claims. The Claim Notice must contain (i) a description
and, if known, estimated amount (the “Claimed Amount”) of any Indemnifiable Losses incurred or
reasonably expected to be incurred by the Indemnified Party, (ii) a reasonable explanation of the
basis for the Claim Notice to the extent of facts then known by the Indemnified Party, and (iii) a
demand for payment of those Indemnifiable Losses. No delay or deficiency on the part of the
Indemnified Party in so notifying the Indemnifying Party will relieve the Indemnifying Party of any
liability or obligation hereunder except to the extent that any Indemnifiable Losses are caused by,
arise out of or are increased by such failure.

     (b) Response to Notice of Claim. Within 30 days after delivery of a Claim Notice, the
Indemnifying Party will deliver to the Indemnified Party a written response in which the
Indemnifying Party will either: (i) agree that the Indemnified Party is entitled to receive all of
the Claimed Amount, in which case the Indemnifying Party will pay the Claimed Amount in accordance
with a payment and distribution method reasonably acceptable to the Indemnified Party; or (ii)
dispute that the Indemnified Party is entitled to receive all or any portion of the Claimed Amount,
in which case the parties will resort to the dispute resolution procedures set forth in Section
3.3.

     (c) Contested Claims. In the event that the Indemnifying Party disputes the Claimed
Amount, as soon as practicable but in no event later than ten Business Days after the

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receipt of the notice referenced in Section 2.3(b)(ii) hereof, the parties will begin the
process of resolving the matter in accordance with the dispute resolution provisions of Section 3.3
hereof. Upon ultimate resolution thereof, the parties will take such actions as are reasonably
necessary to comply with such resolution.

     (d) Third-Party Claims.

     (i) In the event that the Indemnified Party provides a Claim Notice in respect of the
assertion of any claim or the commencement of any Action by a Person who is not a member of
either Group (collectively, a “Third-Party Claim”) with respect to which the Indemnifying
Party may be obligated to provide indemnification under this Article 2, such Claim Notice
will be accompanied by any documentation submitted by such third party and will describe in
reasonable detail (to the extent known by the Indemnified Party) the facts constituting the
basis for such Third-Party Claim and the amount of the claimed Indemnifiable Losses. Within
20 Business Days after delivery of such notification, the Indemnifying Party may, upon
written notice thereof to the Indemnified Party, assume control of the defense of such
Third-Party Claim with counsel reasonably satisfactory to the Indemnified Party. During any
period in which the Indemnifying Party has not so assumed control of such defense, the
Indemnified Party will control such defense.

     (ii) The party not controlling such defense (the “Non-controlling Party”) may
participate therein at its own expense; provided, however, that if the
Indemnifying Party assumes control of such defense and the Indemnified Party concludes that
the Indemnifying Party and the Indemnified Party have conflicting interests or different
defenses available with respect to such Third-Party Claim, the reasonable fees and expenses
of one separate counsel to all Indemnified Parties will be considered “Indemnifiable Losses”
for purposes of this Agreement. The party controlling such defense (the “Controlling
Party”) will keep the Non-controlling Party reasonably advised of the status of such
Third-Party Claim and the defense thereof and will consider in good faith recommendations
made by the Non-controlling Party with respect thereto. The Non-controlling Party will
furnish the Controlling Party with such information as it may have with respect to such
Third-Party Claim (including copies of any summons, complaint or other pleading which may
have been served on such party and any written claim, demand, invoice, billing or other
document evidencing or asserting the same) and will otherwise cooperate with and assist, at
no cost, the Controlling Party in the defense of such Third-Party Claim.

     (iii) The Indemnifying Party will not agree to any settlement of, or the entry of any
judgment arising from, any such Third-Party Claim without the prior written consent of the
Indemnified Party, which consent will not be unreasonably withheld or delayed;
provided, however, that the consent of the Indemnified Party will not be
required if (A) the Indemnifying Party agrees in writing to pay any amounts payable pursuant
to such settlement or judgment, (B) such settlement or judgment includes a full, complete
and unconditional release of the Indemnified Party from further liability, and (C) such
settlement or judgment is only for monetary damages. The Indemnified Party will not agree
to any settlement of, or the entry of any judgment arising from, any such Third-

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Party Claim without the prior written consent of the Indemnifying Party, which consent
will not be unreasonably withheld or delayed.

Section 2.4. Contribution.

     (a) If the indemnification provided for in this Article 2 is unavailable to, or insufficient
to hold harmless an Indemnified Party under Section 2.1(c), 2.1(d), 2.2(c) or 2.2(d) hereof
in respect of any Indemnifiable Losses referred to therein, then each Indemnifying Party shall
contribute to the amount paid or payable by such Indemnified Party as a result of such
Indemnifiable Losses in such proportion as is appropriate to reflect the relative fault of the
Indemnifying Party and the Indemnified Party in connection with the actions which resulted in
Indemnifiable Losses as well as any other relevant equitable considerations.

     (b) The parties hereto agree that it would not be just and equitable if contribution pursuant
to this Section 2.4 were determined by a pro rata allocation or by any other method of allocation
that does not take account of the equitable considerations referred to in paragraph (a) above. The
amount paid or payable by an Indemnified Party as a result of the Indemnifiable Losses referred to
in paragraph (a) above shall be deemed to include, subject to the limitations set forth above, any
legal or other fees or expenses reasonably incurred by such Indemnified Party in connection with
investigating any claim or defending any Action. No Person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act of 1933, as amended) shall be entitled
to contribution from any Person who was not guilty of such fraudulent misrepresentation.

Section 2.5. Limitations.

     (a) Insurance Proceeds; Third Party Coverage. The amount of any Indemnifiable Losses
for which indemnification is provided under this Agreement will be net of any amounts actually
recovered by the Indemnified Party from any third Person (including amounts actually recovered
under the Indemnified Party’s insurance policies) with respect to such Indemnifiable Losses. Any
Indemnifying Party hereunder will be subrogated to the rights of the Indemnified Party upon payment
in full of the amount of the relevant Indemnifiable Losses. An insurer who would otherwise be
obligated to pay any claim will not be relieved of the responsibility with respect thereto or,
solely by virtue of the indemnification provisions hereof, have any subrogation rights with respect
thereto. If any Indemnified Party recovers an amount from a third Person in respect of
Indemnifiable Losses for which indemnification is provided in this Agreement after the full amount
of such Indemnifiable Losses has been paid by an Indemnifying Party or after an Indemnifying Party
has made a partial payment of such Indemnifiable Losses and the amount received from the third
Person exceeds the remaining unpaid balance of such Indemnifiable Losses, then the Indemnified
Party will promptly remit to the Indemnifying Party the excess (if any) of (X) the sum of the
amount theretofore paid by such Indemnifying Party in respect of such Indemnifiable Losses plus the
amount received from the third Person in respect thereof, less (Y) the full amount of such
Indemnifiable Losses.

     (b) Other Agreements. Notwithstanding any other provision hereof to the contrary,
this Agreement is not intended to change the allocation of liability for any matter in any other
existing or future agreement between any member of the FNT Group and any member of

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the FIS Group, to all of which this Agreement is hereby made subject. Without limiting the
foregoing, for the avoidance of doubt, FIS shall have no liability hereunder for any liability or
obligation of FNF that is the subject of the Assumption Agreement entered into between FNF and FNT
as of the date hereof, it being understood that this sentence is not intended to limit any rights
that FNT may have other than under this Agreement, including any right to pursue any liability of
FIS existing as a matter of law for indemnification, subrogation, contribution or reimbursement to
the extent that FNF would have had such a right in connection with a liability or obligation of FNF
assumed by FNT under the Assumption Agreement.

ARTICLE 3. MISCELLANEOUS

Section 3.1. Governing Law.

     This Agreement shall be governed by, and interpreted and construed in accordance with, the
laws of the State of New York, regardless of the laws that might otherwise govern under applicable
principles of conflicts of laws thereof.

Section 3.2. Jurisdiction.

     Subject to Section 3.3, if any Dispute arises out of or in connection with this Agreement,
except as expressly contemplated by another provision of this Agreement, the parties irrevocably
(and the parties will cause each other member of their respective Group to irrevocably) (a) consent
and submit to the exclusive jurisdiction of federal and state courts located in Duval County,
Florida, (b) waive any objection to that choice of forum based on venue or to the effect that the
forum is not convenient, and (c) WAIVE TO THE FULLEST EXTENT PERMITTED BY LAW ANY RIGHT TO TRIAL OR
ADJUDICATION BY JURY.

Section 3.3. Dispute Resolution.

     (a) Amicable Resolution. FIS and FNT mutually desire that friendly collaboration
continue between them. Accordingly, they will try, and they will cause their respective Group
members to try, to resolve in an amicable manner all disagreements and misunderstandings connected
with their respective rights and obligations under this Agreement. In furtherance thereof, in the
event of any dispute or disagreement (a “Dispute”) between any FIS Group member and any FNT Group
member as to the interpretation of any provision of this Agreement (or the performance of
obligations hereunder), the matter, upon written request of either party, will be referred for
resolution to a steering committee established pursuant to this Section 3.3(a) (the “Steering
Committee”). The Steering Committee will have two members, one of whom will be appointed by FIS
and the other of whom will be appointed by FNT, and each of whom shall be a senior executive of the
party appointing the member. The Steering Committee will make a good faith effort to promptly
resolve all Disputes referred to it. Steering Committee decisions will be unanimous and will be
binding on FIS and FNT. If the Steering Committee does not agree to a resolution of a Dispute
within 30 days after the reference of the matter to it, then the parties will be free to exercise
the remedies available to them under applicable law, subject to Sections 3.3(b) and 3.3(c).

     (b) Mediation. If the Steering Committee is unable to resolve any Dispute as
contemplated by Section 3.3(a), either FIS or FNT may demand mediation of the Dispute by

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written notice to the other in which case the two parties will select a mediator within 14
days after the demand. Neither party may unreasonably withhold consent to the selection of the
mediator. Each of FIS and FNT will bear its own costs of mediation but both parties will share the
costs of the mediator equally.

     (c) Arbitration. In the event that the Dispute is not resolved in an amicable manner
as set forth in Section 3.3(a) or through mediation pursuant to Section 3.3(b), the latter within
30 days of the submission of the Dispute to mediation, either party involved in the Dispute may
submit the dispute to binding arbitration pursuant to this Section 3.3(c). All Disputes submitted
to arbitration pursuant to this Section 3.3(c) shall be resolved in accordance with the Commercial
Arbitration Rules of the American Arbitration Association, unless the parties involved mutually
agree to utilize an alternate set of rules, in which event all references herein to the American
Arbitration Association shall be deemed modified accordingly. Expedited rules shall apply
regardless of the amount at issue. Arbitration proceedings hereunder may be initiated by either
party making a written request to the American Arbitration Association, together with any
appropriate filing fee, at the office of the American Arbitration Association in Orlando, Florida.
The arbitration shall be by a single qualified arbitrator (“Arbitrator”) experienced in the matters
at issue, such Arbitrator to be mutually agreed upon by FIS and FNT. If the parties fail to agree
on an Arbitrator within 30 days after notice of commencement of arbitration, the American
Arbitration Association shall, upon the request of any party to the dispute or difference, appoint
the Arbitrator. All arbitration proceedings shall be held in the city of Jacksonville, Florida in
a location to be specified by the Arbitrator (or any place agreed to by the parties and the
Arbitrator). Any order or determination of the arbitral tribunal shall be final and binding upon
the parties to the arbitration as to matters submitted and may be enforced by any party to the
Dispute in any court having jurisdiction over the subject matter or over any of the parties. The
parties agree that the length of time to be provided in any arbitration action to conduct discovery
shall be limited to 90 days, the length of time to conduct the arbitration hearing shall be limited
to ten days (with each party having equal time) and that the Arbitrator shall be required to render
his or her decision within 30 days of the completion of the arbitration hearing. All costs and
expenses incurred by the Arbitrator shall be shared equally by the parties. Each party shall bear
its own costs and expenses in connection with any such arbitration proceeding. The use of any
alternative dispute resolution procedures hereunder will not be construed under the doctrines of
laches, waiver or estoppel to affect adversely the rights of either party.

     (d) Non-Exclusive Remedy.

     (i) Nothing in this Section 3.3 shall prevent either FIS or FNT from commencing formal
litigation proceedings or seeking injunctive or similar relief if any delay resulting from
efforts to mediate such Dispute could result in serious and irreparable injury to FIS, FNT
or any member of either party’s Group.

     (ii) Nothing in this Section 3.3 shall prevent either FIS or FNT from immediately
seeking injunctive or interim relief in the event of any actual or threatened breach of any
confidentiality provisions of this Agreement. If an arbitral tribunal has not been
appointed with respect to any Dispute at the time of such actual or threatened breach, then
either party may seek such injunctive or interim relief from any court with

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jurisdiction over the matter. If an arbitral tribunal has been appointed with respect
to any Dispute at the time of such actual or threatened breach, then the parties agree to
submit to the jurisdiction of the state and federal courts of Duval County, Florida,
pursuant to Section 3.2, with respect to such matter.

     (e) Commencement of Dispute Resolution Procedure. Notwithstanding anything to the
contrary in this Agreement, FIS and FNT are the only members of their respective Group entitled to
commence a dispute resolution procedure under this Agreement, whether pursuant to Section 2.3, this
Section 3.3 or otherwise, and each party will cause its respective Group members not to commence
any dispute resolution procedure other than through such party as provided in this Section 3.3(e).

Section 3.4. Access to Information.

     Upon reasonable notice, each party (the “Providing Party”) shall furnish or cause to be
furnished to the other party (the “Requesting Party”) and its Representatives during normal
business hours and at the expense of the Requesting Party such assistance and access to
information, including all original agreements, documents, books, records and files, of the
Providing Party and its subsidiaries as the Requesting Party shall reasonably request in connection
with financial reporting and accounting matters, the preparation of and filing of any tax returns,
reports or forms or the defense of any tax claim or assessment or Third-Party Claim, the
preparation and filing of reports and other filings with any Governmental Entity or any other
reasonable purpose, provided that such assistance and access does not unreasonably disrupt
the normal operations of the Providing Party or any of its subsidiaries. Except as required by
applicable law, all confidential information of the Providing Party so obtained by the Requesting
Party shall be kept confidential by the Requesting Party.

Section 3.5. Notices.

     Each party giving any notice required or permitted under this Agreement shall give the notice
in writing and use one of the following methods of delivery to the party to be notified, at the
address set forth below or another address of which the sending party has been notified in
accordance with this Section 3.5: (a) personal delivery; (b) facsimile or telecopy transmission
with a reasonable method of confirming transmission; (c) commercial overnight courier with a
reasonable method of confirming delivery; or (d) pre-paid, United States of America certified or
registered mail, return receipt requested. Notice to a party is effective for purposes of this
Agreement only if given as provided in this Section 3.5 and will be deemed given on the date that
the intended addressee actually receives the notice.

     If to FIS, to:

	 	 	 
	 

	 	Fidelity National Information Services, Inc.
	 

	 	601 Riverside Avenue
	 

	 	Jacksonville, FL 32204
	 

	 	Fax : (904) 357-1005
	 

	 	Attention: Chief Executive Officer and General Counsel

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     If to FNT, to:

	 	 	 
	 

	 	Fidelity National Title Group, Inc.
	 

	 	601 Riverside Ave.,
	 

	 	Jacksonville, FL 32207
	 

	 	Fax: (904) 854-4380
	 

	 	Attention: Chief Executive Officer and General Counsel

Section 3.6. Binding Effect and Assignment.

     This Agreement binds and benefits the parties and their respective successors and assigns.
Neither party may assign any of its rights or delegate any of its obligations under this Agreement
without the written consent of the other party, which consent may be withheld in such party’s sole
and absolute discretion, and any assignment or attempted assignment in violation of the foregoing
will be null and void. Notwithstanding the preceding sentence, either party may assign this
Agreement in connection with a merger transaction in which such party is not the surviving entity
or the sale of all or substantially all of its assets.

Section 3.7. Severability.

     If any provision of this Agreement is determined to be invalid, illegal or unenforceable, the
remaining provisions of this Agreement shall remain in full force, if the essential terms and
conditions of this Agreement for each party remain valid, binding and enforceable.

Section 3.8. Entire Agreement.

     This Agreement (and the other agreements executed and delivered by the parties in connection
with the SEDA and the Merger Agreement) contain the entire agreement and understanding between the
parties with respect to the subject matter hereof. All prior and contemporaneous negotiations and
agreements between the parties with respect to the matters contained herein are superseded by this
Agreement.

Section 3.9. Counterparts.

     The parties may execute this Agreement in multiple counterparts, each of which constitutes an
original as against the party that signed it, and all of which together constitute one agreement.
The signatures of both parties need not appear on the same counterpart. The delivery of signed
counterparts by facsimile or email transmission that includes a copy of the sending party’s
signature is as effective as signing and delivering the counterpart in person.

Section 3.10. Expenses.

     Except as otherwise set forth herein, each party shall bear its own costs incurred in
connection with this Agreement.

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Section 3.11. Amendment.

     The parties may amend this Agreement only by a written agreement signed by each party to be
bound by the amendment and that identifies itself as an amendment to this Agreement.

Section 3.12. Waiver.

     The parties may waive a provision of this Agreement only by a writing signed by the party
intended to be bound by the waiver. A party is not prevented from enforcing any right, remedy or
condition in the party’s favor because of any failure or delay in exercising any right or remedy or
in requiring satisfaction of any condition, except to the extent that the party specifically waives
the same in writing. A written waiver given for one matter or occasion is effective only in that
instance and only for the purpose stated. A waiver once given is not to be construed as a waiver
for any other matter or occasion. Any enumeration of a party’s rights and remedies in this
Agreement is not intended to be exclusive, and a party’s rights and remedies are intended to be
cumulative to the extent permitted by law and include any rights and remedies authorized in law or
in equity.

Section 3.13. Authority.

     Each party represents to the other that (a) it has the corporate or other requisite power and
authority to execute, deliver and perform this Agreement, (b) the execution, delivery and
performance of this Agreement have been duly authorized by all necessary corporate or other action,
(c) it has duly and validly executed and delivered this Agreement, and (d) this Agreement is a
legal, valid and binding obligation, enforceable against it in accordance with its terms, subject
to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting
creditors’ rights generally and general equity principles.

Section 3.14. Construction of Agreement.

     (a) Where this Agreement states that a party “will” or “shall” perform in some manner or
otherwise act or omit to act, it means that the party is legally obligated to do so in accordance
with this Agreement.

     (b) The captions, titles and headings, and table of contents, included in this Agreement are
for convenience only, and do not affect this Agreement’s construction or interpretation. When a
reference is made in this Agreement to an Article or a Section, exhibit or schedule, such reference
will be to an Article or Section of, or an exhibit or schedule to, this Agreement unless otherwise
indicated.

     (c) Neither this Agreement nor any uncertainty or ambiguity herein shall be construed against
any party under any rule of construction, and no party shall be considered the draftsman. The
parties acknowledge and agree that this Agreement has been reviewed, negotiated, and accepted by
all parties and their attorneys and shall be construed and interpreted according to the ordinary
meaning of the words used so as fairly to accomplish the purposes and intentions of all parties
hereto.

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     (d) This Agreement is for the sole benefit of the parties hereto and their respective Group
members and, except for the indemnification rights of the FIS Indemnified Parties and the FNT
Indemnified Parties under this Agreement, does not, and is not intended to, confer any legal or
equitable rights, remedies or claims in favor of any Person (including any employee or stockholder
of FIS or FNT) other than the parties signing this Agreement and their respective Group members.

     (e) The words “including,” “includes,” or “include” are to be read as listing non-exclusive
examples of the matters referred to, whether or not words such as “without limitation” or “but not
limited to” are used in each instance.

     (f) Any reference in this Agreement to a “member” of a Group means a party to this Agreement
or another Person referred to in the definition of FNT Group or FIS Group, as applicable.

Section 3.15. Termination.

     This Agreement may be terminated only by written agreement executed by both FNT and FIS.

[signatures on following page]

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     IN WITNESS WHEREOF, each of the parties has caused this Agreement to be executed on its behalf
by a duly authorized officer on the date first set forth above.

	 	 	 	 	 
	 	FIDELITY NATIONAL INFORMATION SERVICES, INC.

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 
	 	FIDELITY NATIONAL TITLE GROUP, INC.

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:

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