Document:

Capella Education Company Annual Incentive Bonus Plan

 Exhibit 10.1 
 CAPELLA EDUCATION COMPANY 
 ANNUAL INCENTIVE BONUS PLAN 
 1. Purpose. The purpose of the Capella Education Company Annual Incentive Bonus Plan (the “Plan”) is to provide incentives to eligible
management employees of Capella Education Company (the “Company”) and any subsidiary to produce a superior return to the shareholders of the Company and to encourage such eligible management employees to remain in the employ of the Company
or any subsidiary. 
 2. Definitions. The terms defined in this section are used (and capitalized) elsewhere in the Plan. 

“Award” means an award payable to a Participant pursuant to Section 4 hereof. 
 “Board” means the Board of Directors of the Company. 
 “Code” means the Internal Revenue Code of 1986, as amended. 
 “Committee” means the Compensation Committee of the Board or such other Board committee as may be designated by the Board to
administer the Plan, provided that for any Award made to the Company’s Chief Executive Officer, the Executive Committee of the Board shall serve as the Committee. 
 “Covered Employee” includes all Participants whose compensation in the Performance Period for which the Award is calculated is
or, in the Compensation Committee’s discretion, may be subject to the compensation expense deduction limitations set forth in Section 162(m) of the Code. 
 “Disability” means any physical or mental incapacitation whereby a Participant is unable for a period of twelve consecutive
months or for an aggregate of twelve months in any twenty-four consecutive month period to perform his or her duties for the Company or any subsidiary. 
 “Eligible Employee” means an individual who is regular status, works a minimum of half time (average of 40 hours per two-week pay period) and is considered a management level employee (functional leader or
above) of the Company or a subsidiary thereof. 
 “Learner Satisfaction” refers to the specific determination of
learner satisfaction as measured by a learner satisfaction survey conducted by the Company. 

 “Participant” means an Eligible Employee designated by the Committee to
participate in the Plan for a designated Performance Period. 
 “Performance-Based Compensation” means an Award to a
Covered Employee that is intended to constitute “performance-based compensation” within the meaning of Section 162(m)(4)(C) of the Code and the regulations promulgated thereunder. 
 “Performance Period” means the Company’s fiscal year. 
 “Retirement” means, unless otherwise specified in a Participant’s Award, retirement at age 65. 
 3. Administration. 
 3.1 Authority of Committee. The Committee shall administer this Plan. The Committee shall have exclusive power, subject to the limitations contained in this Plan, to make Awards and to determine when and to whom Awards will be
granted, and the form, amount and other terms and conditions of each Award, subject to the provisions of this Plan. The Committee shall have the authority to interpret this Plan and any Award made under this Plan, to establish, amend, waive and
rescind any rules and regulations relating to the administration of this Plan, and to make all other determinations necessary or advisable for the administration of this Plan. The Committee may correct any defect, supply any omission or reconcile
any inconsistency in this Plan or in any Award in the manner and to the extent it shall deem desirable. The determinations of the Committee in the administration of this Plan, as described herein, shall be final, binding and conclusive, subject to
the provisions of this Plan. A majority of the members of the Committee shall constitute a quorum for any meeting of the Committee. 
 3.2 Delegation. The Committee may delegate to the Chief Executive Officer and the Vice President of Human Resources the authority, with respect to Eligible Employees who are not executive officers of the Company, to
(i) determine which such Eligible Employees will be granted Awards under the Plan, (ii) the amount and terms of Awards under the Plan for such Participants and (iii) take all other actions of the Committee, including administration
and interpretation, of such Awards. Awards granted pursuant to such delegated authority shall be made consistent with the criteria established by the Committee and shall be subject to any other restrictions placed on the delegation by the Committee.

 3.3 Indemnification. To the full extent permitted by law, (i) no member or former member of the Committee shall
be liable for any action or determination taken or made in good faith with respect to the Plan or any Award made under the Plan, and (ii) the members or former members of the Committee shall be entitled to indemnification by the Company against
and from any loss incurred by such members by reason of any such actions and determinations. 

 4. Awards. 
 4.1 Eligibility Criteria. Within 90 days following the commencement of each Performance Period, the Committee may select such
Eligible Employees as it deems appropriate to participate in the Plan. Criteria that the Committee will consider when selecting Eligible Employees for participation include scope and level of responsibility, organizational impact, internal equity
and external competitiveness. Awards for Eligible Employees who work less than full-time will be prorated accordingly. 
 4.2
Allocation of Awards. Eligible Employees selected to participate will be entitled to receive an award of bonus compensation based on the attainment of performance targets selected by the Committee and consisting of one or any combination of
two or more of net revenue; stock price; market share; sales; earnings per share; return on equity; costs; operating income; net income before interest, taxes, depreciation and/or amortization; net income before or after extraordinary items; return
on operating assets or levels of cost savings; earnings before taxes; net earnings; asset turnover; total shareholder return; pre-tax, pre-interest expense return on invested capital; return on incremental invested capital; free cash flow or cash
flow from operations. As appropriate, any such targets may be expressed in absolute amounts, on a per share basis, as a change from preceding Performance Periods; or relative to a designated peer group or index of comparable companies. Subject to
applicable regulatory restrictions, such targets may also relate to one or any combination of two or more of corporate (including such direct and indirect subsidiaries of the Company as the Committee may determine or on such consolidated basis as
the Committee may determine), group, unit, division, affiliate or individual performance. In addition, with respect to an Award, or portion of an Award, that is not intended to qualify as Performance-Based Compensation, performance targets may
include any other measures determined by the Committee, including customer satisfaction or learner success metrics (i.e. Learner Satisfaction). 
 4.3 Maximum Amount of Awards. No Covered Employee shall be entitled to receive an Award for any Performance Period that exceeds $2 million. 
 4.4 Adjustments. At any time during the Performance Period, the Committee may amend the targets for a Performance Period to reflect
material adjustments in or changes to the Company’s policies, to reflect material Company changes such as mergers or acquisitions, and to reflect such other events having a material impact on the targets, provided that no such adjustment shall
be made to an Award intended to qualify as Performance-Based Compensation if the effect of such adjustment would be to cause the Award to fail to qualify as Performance-Based Compensation. The Committee is authorized at any time during or after a
Performance Period, in its sole and absolute discretion, to reduce or eliminate an Award payable to any Participant for any reason, including a Participant’s failure to perform his/her day-to-day job in a 

 
satisfactory manner after the Company has provided reasonable notice of such failure, or changes in the position or duties of any Participant with the
Company or any subsidiary of the Company during the Performance Period, whether due to any termination of employment (including death, Disability, Retirement, or termination with or without cause) or otherwise. No reduction in an Award made to any
Participant shall increase the amount of the Award to any other Participant. 
 4.5 Payment of Awards. Following the
completion of each Performance Period, the Committee shall certify in writing the degree to which the performance targets were attained and the Awards payable to Participants. Each Participant shall receive payment in cash of the Award as soon as
practicable following the determination in respect thereof made pursuant to this Section 4.5, provided that payment shall be made no later than two and a half months after the Performance Period. 
 5. Effective Date of the Plan. The Plan shall become effective as of January 1, 2009; provided that this Plan is approved and ratified by the
affirmative vote of the holders of a majority of the outstanding shares of Common Stock of the Company present or represented and entitled to vote in person or by proxy on this matter at a meeting of the shareholders of the Company no later than
December 31, 2008 and that the affirmative vote is of a majority of the minimum number of outstanding shares of Common Stock of the Company necessary to constitute a quorum for the transaction of business at the meeting. The Plan shall remain
in effect until it has been terminated pursuant to Section 9. 
 6. Termination of Employment. Nothing in the Plan shall confer
upon any Participant the right to continue in the employment of the Company or any subsidiary or affect any right which the Company or any subsidiary may have to terminate the employment of a Participant with or without cause. In the event any
Participant ceases to be an employee for any reason other than Disability or Retirement during any Performance Period in which he/she is participating in the Plan or prior to payment of an Award for a Performance Period, he/she will not be eligible
to receive any payment under an Award for such Performance Period unless otherwise provided for in the Company’s Senior Executive Severance Plan or Executive Severance Plan, as applicable and as in effect from time to time, in
which case the payment of any Award shall be determined, adjusted and made in accordance with the Company’s Senior Executive Severance Plan or Executive Severance Plan, as applicable. Participants whose employment terminates due
to Disability or Retirement during the Performance Period will be eligible to receive a prorated portion (based on the number of days during the Performance Period when the Participant was employed, divided by the total number of days in the
Performance Period) of any payment under the Award, if earned, when payments are made to other Participants under the Plan. 
 7. New
Hires; Promotions. New hires must commence employment as an Eligible Employee no later than October 1 of the Performance Period to be eligible to be considered a Participant for that Performance Period, and individual Awards for the
Performance Period will be prorated from the date of hire. Employees must be promoted to being an Eligible 

 
Employee no later than October 1 of the Performance Period to be eligible to be considered a Participant in the Plan during that Performance Period, and
individual Awards for the Performance Period will be prorated from the date of promotion. Notwithstanding the foregoing, no Award that is intended to qualify as Performance-Based Compensation shall be made to any new hire or promoted Eligible
Employee unless expressly approved by the Committee in accordance with the requirements of Section 162(m) of the Code and the regulations promulgated thereunder. 
 8. Tax Withholding. The Company shall have the right to withhold from cash payments under the Plan to a Participant or other person an amount sufficient to cover any required withholding taxes. 
 9. Amendment, Modification and Termination of the Plan. The Board may at any time terminate, suspend or modify the Plan and the terms and
provisions of any Award to any Participant which has not been paid. Amendments are subject to approval of the shareholders of the Company only if such approval is necessary to maintain the Plan in compliance with the requirements of
Section 162(m) of the Code, its successor provisions or any other applicable law or regulation. No Award may be granted during any suspension of the Plan or after its termination. 
 10. Unfunded Plan. The Plan shall be unfunded, and the Company shall not be required to segregate any assets that may at any time be represented
by Awards under the Plan. No Participant shall, by virtue of this Plan, have any interest in any specific assets of the Company or any of its direct or indirect subsidiaries. 
 11. Other Benefit and Compensation Programs. Neither the adoption of the Plan by the Board nor its submission to the shareholders of the Company
shall be construed as creating any limitation on the power of the Board to adopt such other incentive arrangements as it may deem appropriate. Payments received by a Participant under an Award made pursuant to the Plan shall not be deemed a part of
a Participant’s regular recurring compensation for purposes of the termination, indemnity or severance pay law of any state and shall not be included in, nor have any effect on, the determination of benefits under any other employee benefit
plan, contract or similar arrangement provided by the Company or any subsidiary unless expressly so provided by such other plan, contract or arrangement, or unless the Committee expressly determines otherwise. 
 12. Governing Law. To the extent that Federal laws do not otherwise control, the Plan and all determinations made and actions taken pursuant to
the Plan shall be governed by the laws of the State of Minnesota and construed accordingly. 
 Approved by shareholders: May 13, 2008Master License Agreement

 EXHIBIT 10.1 
 MASTER LICENSE AGREEMENT 
 This Master License Agreement is entered into
between First American CoreLogic, Inc., a Delaware corporation (“FACL”) and First Advantage Credco, LLC, a Delaware limited liability company, DBA First American Credco (“Customer”) (collectively, the “Parties,” or
individually, a “Party”). This Master License Agreement is effective upon execution by FACL (“Effective Date”). 
 For good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the Parties agree as follows: 
  

	1.	Definitions 

 Unless the context of a provision herein
otherwise requires, words importing the singular shall include the plural and vice-versa. The words “include,” “includes” or “including” shall mean include without limitation, includes without limitation or including
without limitation. As used in this Agreement, the following terms have particular meanings as defined below. 
 1.1 “Agreement” means this
Master License Agreement, together with all related statements of work (each a “SOW”), exhibits, orders and amendments. 
 1.2
“Confidential Information” means (i) information disclosed by a Party relating to the Services, product development strategy and activity, marketing strategy, corporate assessments and strategic plans, either present or future;
pricing, financial and statistical information, accounting information, identity of and information regarding the Parties to this Agreement, suppliers, employees, investors, or customers; software, source code, systems, processes, designs,
schematics, methods, techniques, algorithms, formulae, inventions, discoveries, policies, guidelines, procedures, practices, disputes or litigation; (ii) other confidential, proprietary or trade secret information disclosed by that Party that
is identified in writing as such at the time of its disclosure; (iii) all other confidential, proprietary or trade secret information disclosed by that Party; (iv) information relating to that Party’s employees, contractors or
customers, such as social security number verification which, if released, would cause an unlawful or actionable invasion of privacy; and (v) any compilation or summary of information or data that is itself Confidential Information. 

1.3 “End User” means an individual or entity determined by Customer to have a legitimate business need to use Customer’s products, whom Customer
has approved as a qualified recipient of Customer’s products, and, if applicable, who has permission to access Customer’s system on a restricted basis using an assigned password or other security mechanism to access Customer’s
products. 
 1.4 “Permitted Affiliate” means an entity that is controlled by, controls, or is under common control with Customer and to
which Customer is authorized to provide the Services in the Permitted Applications listed in a particular SOW. 
 1.5 “Permitted Applications”
means the authorized use of the Services and restrictions on use of the Services set forth in the applicable SOW and this Agreement. 
 1.6
“Services” means the software applications, models, analytics, and any applicable user manuals and any other services provided by FACL to Customer as specified in each statement of work. 
  

	2.	Agreement Structure 

 This Agreement contains terms and
conditions applicable to all statements of work (“SOW”). Each SOW sets forth the specific Services, delivery methods, Fees, Permitted Applications and any other terms applicable to the specific Services provided under such SOW. If changes
to this Agreement are desired, a written amendment signed by both Parties is required. If a SOW requires the recurring of individual ordering of Services, an order for that particular SOW is required. 
  

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	3.	License 

 3.1 License Grant. Subject to the terms and
conditions of this Agreement, FACL grants to Customer a non-exclusive, non-transferable, limited license under FACL’s intellectual property rights in the Services to use the Services set forth in each SOW solely for the Permitted Applications
for each of the Services. There are no implied licenses under this Agreement, and any rights not expressly granted to Customer are reserved by FACL for its own use and benefit. 
 3.2 License Restrictions. Customer agrees, represents, and warrants to FACL, both during and after the Term of this Agreement, as follows: 
 (a) Customer shall not use the Services for purposes other than the Permitted Applications in the applicable SOW and shall ensure compliance with such
terms by its End Users and Permitted Affiliates, if applicable. 
 (b) Unless expressly authorized in an applicable SOW: (i) the
Services are for Customer’s and its employees’ sole use; (ii) with the exception of Permitted Affiliates designated in any applicable SOW, Customer shall not share the Services with any third party, including any third parties
involved in any joint venture or joint marketing arrangements with Customer; and (iii) Customer shall not use or store the Services outside the United States. 
 (c) Unless expressly authorized in an applicable SOW, Customer shall not (and shall contractually require that its End Users and Permitted Affiliates do not): (i) disclose, use, disseminate, reproduce or publish
any portion of the Services in any manner or permit the same; (ii) process or combine any portion of the Services or permit any portion of the Services to be processed or combined with other data or software from any other source;
(iii) allow access to the Services through any terminals located outside of Customer’s operations or facilities; or (iv) use the Services or the results of the Services to create derivative products. 
 (d) Customer shall not (and shall contractually require that its End Users and Permitted Affiliates do not) use the Services in any way that:
(i) infringes any third party’s copyright, patent, trademark, trade secret or other intellectual property or proprietary rights or rights of publicity or privacy; (ii) violates any law, statute, ordinance or regulation (including laws
and regulations governing unfair competition, anti-discrimination and false advertising); or (iii) is defamatory, trade libelous, unlawfully threatening or unlawfully harassing. Customer shall abide by all prevailing federal, state, and local
laws and regulations of any kind governing fair information practices and consumers’ rights to privacy, including any applicable non-solicitation laws and regulations. 
 (e) Customer shall obtain any necessary licenses, certificates, permits, approvals or other authorizations required by federal, state or local statute,
law or regulation applicable to Customer’s use of the Services. 
 (f) Customer shall not (and shall contractually require that its End
Users and Permitted Affiliates do not) disassemble, decompile, manipulate or reverse engineer FACL’s proprietary information or any portion of the Services. Customer shall take all necessary steps to prevent unauthorized use or disclosure or
disassembly, decompiling, manipulation or reverse engineering of FACL’s proprietary information or any portion of the Services. 
 (g)
Customer shall not (and shall contractually require that its End Users and Permitted Affiliates do not) sell, license, publish, display, copy, distribute, or otherwise make available FACL’s proprietary information in any form or by any means,
except as expressly permitted by this Agreement or applicable SOW, including without limitation the transfer to a third party or, if not expressly prohibited by this Agreement, as allowed under the fair use provision of the Copyright Act, 17 U.S.C.
§ 107. 
  

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	4.	Fees 

 4.1 Fees. In consideration of the license
granted to Customer, Customer shall pay FACL the fees set forth in each SOW (“Fees”) within 30 days of FACL’s date of invoice unless provided differently in the applicable SOW. At the end of each FACL billing cycle, FACL may invoice
Customer for all Fees incurred by Customer during such billing cycle. 
 4.2 Taxes. Fees are exclusive of sales, use, ad valorem, personal property,
and other taxes, which are the responsibility of Customer. FACL shall charge Customer applicable sales tax. Customer shall file all other taxes. If applicable, Customer shall provide FACL with a resale or exemption certificate in order to notify
FACL how to appropriately invoice Customer for taxes. 
  

	5.	Reporting; Audits 

 5.1 Report. If applicable to the
fee structure set forth in the applicable SOW, within 15 days after the end of each calendar month, Customer shall provide FACL with a usage or royalty report that sets forth a detailed and accurate statement of the usage and gross revenue earned
with respect to that month, together with payment. 
 5.2 Compliance Audits. FACL may, at its own expense, select an independent auditor to audit
Customer for the purpose of ensuring Customer’s compliance with the terms and conditions of this Agreement, after providing Customer with reasonable notice. Customer shall promptly provide FACL and its auditors with access to the files and
records requested for the audit. If the audit indicates there is a material breach in Customer’s compliance with this Agreement, FACL shall provide Customer with written notice of such material breach. If Customer does not cure the breach
within 10 days of the date of the written notice from FACL, FACL may terminate this Agreement. If Customer does not cooperate with FACL’s reasonable request to audit for compliance within 30 days of the date of the notice, FACL may immediately
terminate this Agreement. If FACL conducts a compliance audit, Customer shall notify FACL in writing of the identity of persons assigned usernames and passwords to use the Services, and all changes, deletions or additions to the identity of persons
assigned usernames and passwords. 
  

	6.	Term; Termination 

 6.1 Term and Termination. The term
of this Master License Agreement commences on the Effective Date and shall continue until all SOWs are terminated. The term of each SOW shall be specified in each such SOW. This Agreement may not be terminated without cause during the term. If
either Party breaches any provision of this Agreement (including any provision of any SOW), the non-breaching Party may, upon providing written notice of such breach, terminate this Agreement (including all SOWs) or the particular SOW that directly
relates to such breach, if the breach is not cured within 30 days following such notice, unless a shorter cure period is otherwise set forth herein or in the applicable SOW. If Customer breaches this Agreement after receiving two prior breach
notices within the term of this Agreement, FACL may automatically terminate this Agreement without providing further notice. 
 6.2 Effects of
Termination. Upon termination of this Agreement, all license rights granted by FACL to Customer terminate and Customer shall pay FACL in full for all Services accessed or delivered. 
 6.3 Return or Destruction of Materials. Within 15 days of termination of a SOW by either Party, Customer shall: (i) return all Services, the results thereof and all copies of the same to FACL at the
address set forth on the signature page of this Agreement or as specified by FACL and certify by an officer of Customer that Customer has returned all Services, the results thereof and all copies of the same; or (ii) destroy all Services, the
results thereof and all copies of the same and certify by an officer of Customer that such Services, the results thereof and all copies of the same have been destroyed. If such Services, the results thereof and all copies of the same are not
returned or destroyed in accordance with the above, Customer shall provide FACL or its designee access to Customer’s premises for the retrieval of all such materials, and Customer shall pay the actual costs as reasonably incurred by FACL to
retrieve such materials. Customer shall continue paying FACL fees ordinarily and reasonably charged by FACL for the Services after the termination of this Agreement, until such time as Customer returns to FACL or destroys such materials. 

 

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	7.	Confidentiality 

 7.1. Obligation. Neither Party shall
use, disseminate, reproduce or permit to be used, disseminated or reproduced, or in any way disclose the other Party’s Confidential Information to any person or entity except as required by law or as specifically permitted in this Agreement.
Absent prior written consent of the other Party, each Party shall disclose Confidential Information only to those of its employees and independent contractors who have previously agreed to be bound by the terms and conditions of this Agreement and
its in-house and outside legal counsel who need to know such information. Each Party shall treat all Confidential Information disclosed to it in connection with this Agreement as strictly confidential using commercially reasonable measures at least
equal to those used by such Party with respect to its own Confidential Information. 
 7.2 Exceptions. The restrictions on use and disclosure of
Confidential Information set forth in Section 7.1 shall not apply to any particular Confidential Information when and to the extent that the Confidential Information: (i) is or becomes generally available to the public through no fault of
the receiving Party (or anyone acting on its behalf); (ii) was previously rightfully known to the receiving Party free of any obligation to keep it confidential; (iii) is subsequently disclosed to the receiving Party by a third party who
may rightfully transfer and disclose the information without restriction and free of any obligation to keep it confidential; or (iv) is independently developed by the receiving Party or a third party without reference or access to the
disclosing Party’s Confidential Information;. The receiving Party may disclose Confidential Information if required to do so as a matter of law, regulation or court order, provided that: (i) the receiving Party shall use all reasonable
efforts to provide the disclosing Party with at least 10 days prior notice of such disclosure, (ii) the receiving Party shall disclose only that portion of the Confidential Information that is legally required to be furnished, and
(iii) the receiving Party shall use reasonable efforts to seek from the party to which the information must be disclosed confidential treatment of the disclosed Confidential Information. 
  

	8.	Warranty; Indemnification; Disclaimers; Injunction 

 8.1 Customer and FACL Warranty. Customer acknowledges that FACL is not a consumer reporting agency as defined in the Fair Credit Reporting Act, 15 U.S.C. § 1681 et seq. (“FCRA”). Customer represents and warrants
that (i) it is a consumer reporting agency under the FCRA, (ii) it shall comply with the FCRA and (iii) it shall not use the Services in a way that would cause a third party to construe FACL as a consumer reporting agency. FACL
acknowledges that it is a furnisher of information to consumer reporting agencies as that term is used in the FCRA. FACL represents and warrants that it is a furnisher of information of information to consumer reporting agencies and that it shall
comply with the applicable provisions of the FCRA, including, but not limited to section 623 of the FCRA [15 U.S.C. section 1681s-2]. 
 8.2
Infringement. If in FACL’s sole discretion the Services violate a third party’s intellectual property rights, FACL may: (i) procure the right for Customer to continue using the Services; (ii) modify the Services to render
them no longer subject to any such claim or action; or (iii) replace the Services with equally suitable, functionally equivalent, non-infringing services. If none of the above is commercially practicable, FACL may terminate this Agreement and
refund a pro-rata amount of the prepaid fees actually paid. 
 8.3 Disclaimer. EXCEPT AS OTHERWISE PROVIDED FOR IN THIS AGREEMENT OR ANY SOW, THE
SERVICES ARE PROVIDED “AS IS” WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, OR WARRANTIES BASED ON COURSE OF DEALING OR USAGE IN
TRADE. FACL DOES NOT WARRANT THAT THE SERVICES WILL BE FREE OF BUGS OR COMPUTER VIRUSES, AND HEREBY DISCLAIMS ANY ALL LIABILITY FOR ANY LOSS OR DAMAGES SUFFERED BY ANY PERSON OR ENTITY, INCLUDING CUSTOMER, ON ACCOUNT OF BUGS, VIRUSES, OR OTHER
MALICIOUS CODE IN THE SERVICES. FACL MAKES NO REPRESENTATIONS OR WARRANTIES ABOUT THE LEGALITY OR PROPRIETY OF THE USE OF THE SERVICES IN ANY GEOGRAPHIC AREA. 
  

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	9.	Limitation of Liability 

 NOTWITHSTANDING ANYTHING TO THE
CONTRARY CONTAINED HEREIN, NEITHER CUSTOMER NOR FACL SHALL HAVE ANY LIABILITY UNDER OR IN ANY WAY RELATED TO THIS AGREEMENT FOR ANY LOSS OF PROFIT OR REVENUE OR FOR ANY CONSEQUENTIAL, INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, OR EXEMPLARY DAMAGES,
EVEN IF FACL OR CUSTOMER IS AWARE OF THE POSSIBILITY OF SUCH LOSS OR DAMAGES. THIS LIMIT IS CUMULATIVE AND ALL PAYMENTS UNDER THIS AGREEMENT ARE AGGREGATED TO CALCULATE SATISFACTION OF THE LIMIT. 
  

	10.	Indemnification 

 Customer shall indemnify and hold FACL and
its affiliates and their respective officers, directors and employees harmless from and against all third party claims, losses, liabilities, costs and expenses arising out of or related to the use of the Services by the Customer (or its End Users or
Permitted Affiliates), or attributable to Customer’s breach of this Agreement. FACL shall control the defense and any settlement of such claim, and Customer shall cooperate with FACL in defending against such claim. FACL shall indemnify and
hold Customer and its affiliates and their respective officers, directors and employees harmless from and against all third party claims, losses, liabilities, costs and expenses arising out of or related to the provision of the Services by FACL, or
attributable to FACL’s breach of this Agreement. Customer shall control the defense and any settlement of such claim, and FACL shall cooperate with Customer in defending against such claim. 
  

	11.	General Provisions 

 11.1 Agency. The Parties
acknowledge that this is a business relationship based on the express provisions of this Agreement and no partnership, joint venture, agency, fiduciary or employment relationship is intended or created by this Agreement. Neither Party is the legal
representative or agent of, nor has the power or right to obligate, direct or supervise the daily affairs of the other Party, and neither Party shall act or represent or hold itself out as such. The rights, duties, obligations and liabilities of the
Parties shall be several and not joint, each party being individually responsible only for its obligations as set forth in this Agreement. 
 11.2
Severability. If any of the provisions of this Agreement becomes invalid, illegal or unenforceable in any respect under any law, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or
impaired. 
 11.3 Waiver. Any waiver is only valid to the extent expressly set forth in writing. No waiver by either Party of any breach by the other
Party of any of the provisions of this Agreement is deemed a waiver of any preceding or succeeding breach of the same or any other provision. 
 11.4
Survival. The following sections survive termination of this Agreement and continue in full effect until fully satisfied: 3.2 (License Restrictions); 4 (Fees); 5 (Reporting; Audits); 6.2 (Effects of Termination); 6.3 (Return or Destruction of
Materials); 7 (Confidentiality); 8.1 (Warranty), 8.3 (Disclaimer); 9 (Limitation of Liability); 10 (Indemnification); and 11 (General Provisions). 
 11.5
Execution. This Agreement may be executed in any number of counterparts, each of which is deemed an original, and all taken together constitute one and the same instrument. The Parties shall treat a photocopy of this Agreement as a duplicate
original. If this Agreement is executed in counterparts, no signatory is bound until all Parties have duly executed this Agreement and all Parties have received a fully executed Agreement. The individuals signing below represent that they are
authorized to do so by and on behalf of the Party for whom they are signing. 
 11.6 Governing Law; Forum; Jury Trial; Attorneys’ Fees. The
interpretation and construction of this Agreement is governed by the laws of the State of Florida. The Parties shall submit to the exclusive jurisdiction of, and waive any venue objections against, the United States District Court for the Central
District of California, Orange County Division and the Superior and Municipal Courts of the State of California located in Orange County in any litigation arising out of this Agreement. Each Party hereby also waives any defenses it may have before
such courts based on a lack of personal jurisdiction or inconvenient forum. Each of the Parties waives the right to a jury trial. The prevailing Party shall be awarded its reasonable attorneys’ fees and costs in any lawsuit or claim arising out
of or related to this Agreement. 
  

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 11.7 Uncontrollable Acts. Either Party shall be excused from performance of its obligations, except for
Customer’s obligation to pay the Fees for Services provided, and shall not be liable for any delay caused by the occurrence of contingencies beyond its control including, but not limited to: act of terrorism, war (declared or not declared),
sabotage, insurrection, riot, act of civil disobedience, act of any government, accident, fire, explosion, flood, storm, earthquake, volcanic eruption, nuclear event, any act of God, labor disputes, failure or delay of shippers, or unavailability of
components, spare parts or units. 
 11.8 Assignment. Neither party shall assign or transfer this Agreement or any rights or obligations under this
Agreement without the express written consent of the other party, such consent shall not be unreasonably withheld. A change in ownership constitutes an assignment under this Agreement. For purposes of this Agreement, a “Change in Control”
means (a) any transaction in which Customer of FACL merges or consolidates with or into another entity; (b) any transaction or series of transactions in which Customer or FACL sells or otherwise transfers more than 20 percent of its
capital stock (without regard to class or voting rights) or other securities or ownership interests; or (iii) the sale, transfer or other disposition of all or substantially all of Customer’s assets or the complete liquidation or
dissolution of Customer or FACL. Any unauthorized Change in Control, assignment or transfer shall be void and constitutes ground for immediate termination of this Agreement by FACL or Customer. This Agreement will bind and inure to the benefit of
the Parties and their respective permitted successors and permitted assigns. 
 11.9 Notices. Any notice or other communication required or permitted
under this Agreement is sufficiently given if delivered in person or sent by one of the following methods: (a) registered U.S. mail, return receipt requested (postage prepaid); (b) certified U.S. mail, return receipt requested (postage
prepaid); or (c) commercially recognized overnight service with tracking capabilities. Notices to Customer will be sent to the address located in the signatory lines. Notices to FACL shall be sent to 4 First American Way, Santa Ana, California
92707, with a copy to FACL’s counsel at the same address marked Attention: Legal Department. Any such notice or communication is deemed properly delivered as of the date personally delivered or sent by mail or overnight service. A Party may
change its address by written notice given to the other Party before the effective date of such change. 
 11.10 Conflicts between SOW and Agreement.
If there is a conflict between terms this Master License Agreement and the terms and conditions included within an applicable SOW, this Master License Agreement controls unless explicitly stated otherwise in the applicable SOW, and in that case the
conflicting terms and conditions in such SOW apply to that SOW only. 
 11.11 Headings; Joint Drafters. Headings at the beginning of each section and
subsection are solely for convenience and shall have no effect upon construction or interpretation of this Agreement. The Parties acknowledge that this Agreement was prepared by both Parties jointly. 
 11.12 Entire Agreement. With respect to the Services provided under this Agreement, this Agreement constitutes the entire agreement between the Parties and
supersedes all prior and contemporaneous agreements and understandings of the Parties; provided, however, that the Data Furnisher Agreement entered into between the Parties dated May 7, 2008 shall remain in full force and effect. No
modifications to this Agreement are effective unless in writing and signed by both Parties. 
  

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 THE PARTIES HAVE READ, UNDERSTOOD AND AGREED TO THE TERMS AND CONDITIONS OF THIS AGREEMENT. 
  

									
	 FIRST ADVANTAGE CREDCO, LLC DBA
 FIRST AMERICAN CREDCO (“CUSTOMER”)
	 		 	FIRST AMERICAN CORELOGIC, INC. (“FACL”)
					
	By:	 	/s/John Bauer	 		 	By:	 	/s/ Margaret Yonkovich
	Authorized Signature	 		 	Authorized Signature
	Name:	 	John Bauer	 		 	Name:	 	Margaret Yonkovich
	Title:	 	Executive Vice President	 		 	Title:	 	CFO
	Address:	 	12395 First American Way	 		 	Effective Date: May 7, 2008
		 	Poway, CA 92064	 		 	Address:	 	4 First American Way
		 		 		 		 	Santa Ana, California 92707

  

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 STATEMENT OF WORK 1 
 This Statement of Work 1 (“SOW 1”) is between First American CoreLogic, Inc., a Delaware corporation (“FACL”) and First Advantage Credco, LLC, a
Delaware limited liability company, DBA First American Credco (“Customer”) (collectively, the “Parties,” or individually, a “Party”). This SOW 1 is subject to the May 7, 2008 Master License Agreement, and all
subsequent amendments, exhibits, or attachments (“Agreement”) between the Parties. This SOW 1 is effective upon execution by FACL (“SOW 1 Effective Date”). 
  

	I.	SERVICES 

  

	 	A.	LoanSafe Application: FACL shall provide Customer with LoanSafe software and the server on which the LoanSafe software is installed (collectively, the “LoanSafe
Application”). 

  

	II.	PERMITTED APPLICATIONS: Customer and other approved third parties specified below shall use the Services solely for the applications specified
below in accordance with the terms and conditions of this Agreement. 

  

	 	A.	Customer’s Use: Customer may use the LoanSafe Application to create reports (“Customer’s Product”), which Customer may resell to RELS Reporting Services,
LLC (“RELS”) who may then resell or redistribute to only the following End User for a permissible purpose under the FCRA or fraud or risk management purposes: Wells Fargo Bank, N.A., a National Bank and its affiliated companies
(collectively, “Wells Fargo”) located at 1 Home Campus, MAC X2410-06T, Des Moines, IA 50328-0001. Customer may share reports generated by the Loan Safe Application with Wells Fargo’s customers or prospective customers that are subject
to an “adverse action” by Wells Fargo as defined by the FCRA or as permitted by the FCRA or state credit reporting laws. Customer shall not use, relicense or redistribute the Services, except as expressly authorized in this Section A
(Customer’s Use).  

  

	 	B.	End Users’ Use: Wells Fargo may use Customer’s Product for their internal business purposes only in accordance with the Fair Credit Reporting Act, 15 U.S.C. §
1681 et seq. and other applicable laws, rules and regulations. Wells Fargo shall not resell, relicense or redistribute the Customer’s Product, in whole or in part. 

  

	 	C.	Additional Restrictions: Customer warrants that Customer shall not use any element or component of the Services to create, replace, supplement, or enhance any title, legal,
vesting, ownership, or encumbrance report. Customer further warrants that Customer shall not use the Services coupled with alternative insurance approaches or products without first obtaining written permission from FACL.

  

	III.	FEES 

  

	 	A.	LoanSafe Application: 

  

	 	1.	Annual Fee and Discount: Customer shall pay FACL an annual fee for the Loan Safe Application of one million five hundred and eighty four thousand dollars ($1,584,000.00).
Customer shall discount this Fee by fifteen percent (15%), or, two hundred and thirty-seven thousand, six hundred dollars ($237,600.00) (“Discount”) to compensate Customer for actual costs incurred in using the Loan Safe Application, which
such costs shall include Customer’s support, operations, and delivery Loan Safe Application delivery (collectively, “Costs”). Upon the SOW 1 Effective Date, Customer shall pay to FACL a Fee, after the Discount is applied of one
million, three hundred and forty six thousand and four hundred dollars ($1,346,400.00) to FACL in twelve (12) equal monthly payments of one hundred and twelve thousand, two hundred dollars ($112,200.00) each (“Equal Installments”).

  

	 	2.	Annual True-up: Upon each anniversary date of the SOW 1 Effective Date, Customer shall provide FACL a cost accounting report setting forth actual Costs. Within 30 days of
receipt of the Costs report, in the event the costs exceed the Discount amount, FACL shall pay Customer such excess amounts. Conversely, within 30 days of receipt of the Costs report, in the event the costs are less than the Discount amount,
Customer shall pay FACL the difference between the Costs and the Discount. 

  

 Page 8 of 10 

	 	3.	Overage Fee: Customer may use the LoanSafe Application to create a maximum of one million five-hundred and eighty-four thousand (1,584,000) reports on an annual basis
(“Annual Volume Cap”) to provide to Wells Fargo. Customer shall pay FACL one dollar and ninety one cents ($1.91) for any reports it prepares in excess of the Annual Volume Cap. The payment for reports exceeding the Annual Volume Cap shall
be paid on the month following the first report that exceeds Annual Volume Cap. 

  

	 	B.	Duplicate Reports: Customer may run a LoanSafe report on a property address that was previously run in the prior 90 days, up to a maximum of three times, for real property
data and any such duplicate report shall not be calculated against the Annual Volume Cap (“Property Duplicate Report”). Customer may run a LoanSafe report requesting borrower data on a property address that was previously run in the prior
90 days, one time only and only for 75% of the original monthly reports, and any such duplicate report shall not be calculated against the Annual Volume Cap (“Borrower Duplicate Report”). For example, if Customer created 100 LoanSafe
original reports in July 2008 and, within 90 days, requested 80 Borrower Duplicate Reports from those July 2008 original reports, 75 Borrower Duplicate Reports would be free of charge and not count towards the Annual Volume Cap; the other 5 Borrower
Duplicate Reports would count towards the Annual Volume Cap (assuming Customer had not exceeded the Annual Volume Cap). 

  

	IV.	SOW TERM: The initial term of this SOW 1 is for 24 months. Customer may terminate this SOW 1, if the contractual relationship involving the Loan
Safe reports between Wells Fargo and RELS is validly terminated (“Early Termination”). In the event of an Early Termination on or before July 16, 2008, Customer may terminate this SOW 1, without penalty, by providing FACL five
(5) days prior written notice. In the event of an Early Termination subsequent to July 16, 2008, Customer may terminate this SOW 1 by providing FACL thirty (30) calendar days written notice. If this SOW 1 is terminated by Customer
after the Early Termination, Customer shall pay a twenty percent (20%) penalty (“Termination Penalty”) of the remaining Fees as stated in SOW 1, III(A)(1). For example, Customer shall pay FACL for the entire month of December 2008,
and a pro-rata portion for January 1, 2009 through January 12, 2009. The Termination Penalty is then cancelled from January 13, 2009 through the remaining Term. 

 If either party breaches any provision of this SOW 1, the non-breaching party shall, upon providing written notice of such breach, may immediately
terminate this SOW 1, provided such breach is not cured within sixty (60) days following such notice. If this SOW 1 is terminated as a result of a breach, the non-breaching party shall, in addition to its right of termination, may pursue legal
remedies against the breaching party. Notwithstanding the foregoing, if Customer is in breach under Section 4 (Fees) of the Agreement, FACL may terminate or suspend Services under this SOW 1 effective ten (10) days after giving Customer
written notice of such breach, unless Customer shall have remedied the breach within such ten (10) day period. 
 The Term automatically
renews for additional successive twelve (12) month terms. Either party may forego automatic renewal by giving the other party not less than thirty (30) calendar days written notice of termination prior to the expiration of the then-current
term. 
 [THIS SPACE IS INTENTIONALLY LEFT BLANK.] 
  

 Page 9 of 10 

 THE PARTIES HAVE READ, UNDERSTOOD AND AGREED TO THE TERMS AND CONDITIONS OF THIS SOW 1. 
  

									
	 FIRST ADVANTAGE CREDCO, LLC DBA
 FIRST AMERICAN CREDCO (“CUSTOMER”)
	 		 	FIRST AMERICAN CORELOGIC, INC. (“FACL”)
					
	By:	 	/s/ John Bauer	 		 	By:	 	/s/ Margaret Yonkovich
		 	Authorized Signature	 		 		 	Authorized Signature
	Name:	 	John Bauer	 		 	Name:	 	Margaret Yonkovich
	Title:	 	Executive Vice President	 		 	Title:	 	CFO
	Address:	 	12395 First American Way	 		 	Effective Date: ______________________________________
		 	Poway, CA 92064	 		 	Address:	 	 4 First American Way
 Santa Ana, California
92707

  

 Page 10 of 10

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