Document:

exv10w1

Exhibit 10.1

OPERATING LEASE AGREEMENT

     This Operating Lease Agreement (“Agreement”) is made as of September 30, 2011 (the
“Effective Date”) by and between LPHC Acquisition Partners LLC (“LPHC”), and
Employment Screening Profiles, Inc., a Florida corporation, and Worldwide Information, Inc., a
Delaware corporation (collectively, “Seller”).

     WHEREAS, Seller is engaged in the business of providing various types of public and private
data to business and credentialed clients throughout the United States (the “Business”);

     WHEREAS, on June 16, 2011, Seller commenced a case under title 11 of the Bankruptcy Code, 11
U.S.C. §§ 101-1330 (the “Bankruptcy Code”), by filing a voluntary petition for relief in
the United States Bankruptcy Court for the District of Massachusetts (the “Bankruptcy
Court”), Case No. 11-15791(JNF);

     WHEREAS, Seller has agreed to the terms of (a) a proposed plan (the “Plan”) of
reorganization to be co-sponsored by LPHC and Seller, and (b) a contingent asset purchase agreement
(the “LPHC APA”) with LPHC pursuant to which LPHC would purchase the Included Assets (as
defined in the LPHC APA) of Seller; and

     WHEREAS, the Plan contemplates that Seller and LPHC shall enter into an agreement relating to
the operation, maintenance, risk of loss, injury and cost of Seller’s Business.

     NOW, THEREFORE, in consideration of the mutual agreements contained herein and in the Plan and
contingent LPHC APA and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as
follows:

1. Definitions.

     For purposes of this Agreement, capitalized terms not otherwise defined herein shall have the
same meanings given to them in the Plan or LPHC APA.

2. Title; Risk of Loss; Revenues.

     Seller shall retain title to the Included Assets during the Term (as defined below). Except
as otherwise provided herein, LPHC shall assume the expense and risk of loss and injury that relate
exclusively to the operation by LPHC of the Included Assets and that arise exclusively as a result
of actions or omissions occurring during the Term. LPHC shall be entitled to all accounts
receivable and all income and revenue attributable to the Business and the Included Assets that
arise during Term. If LPHC collects any accounts receivable that arose prior to September 30, 2011,
LPHC shall remit such collected amounts to Seller within thirty (30) days of receipt of such
amounts.

 

 

3. Control.

     Seller hereby grants LPHC complete control over, and authority to operate and direct, all
aspects of the Business, including the Included Assets and the right to relocate any Included
Assets during the Term. During the Term, unless directed by LPHC, Seller shall cooperate with LPHC
(a) to maintain all tangible and intangible assets used in the operation of the Business as of
immediately prior to the Effective Date and to continue to operate the Business and the Included
Assets at least at the levels of operation of the Business as of immediately prior to the Effective
Date, and (b) to relocate and integrate the Included Assets and the Business to and with existing
LPHC facilities and operations.

4. Term.

     Subject to Bankruptcy Court approval, the term of this Agreement shall commence at 12:00 a.m.
Eastern time on September 30, 2011 and end on the earliest of (a) the date on which the Plan has
been confirmed by the Bankruptcy Court and all conditions to its effectiveness have been satisfied
or waived, (b) the termination of this Agreement, (c) the Closing Date (as defined in the LPHC
APA), and (d) January 31, 2012, which date may be extended to February 29, 2012 in accordance with
the LPHC APA (the “Term”).

5. Services.

     All actual costs and expenses incurred by Seller at LPHC’s direction and in accordance with
this Agreement that relate to the operation of the Business during the Term, shall be reimbursed by
LPHC.

     5.1 Services. During the Term, Seller agrees to provide LPHC use of those services described
on Schedule A hereto (the “Services” and each service listed, a “Service”)
on the terms specified in Schedule A and herein. LPHC may, upon five (5) days written
notice to Seller, terminate the provision of any Service.

     5.2 Cooperation. The parties shall cooperate with each other and provide such assistance as
is reasonably required for Seller to provide the Services. Such cooperation shall include, but not
be limited to, the timely provision of any information reasonably required in connection with the
provision of the Services.

6. Use of Premises and Facilities; Operation of the Business.

     6.1 Premises. Seller agrees to grant to LPHC the use of (a) a portion of the existing
physical space and facilities used by Seller in connection with the Business (the
“Premises”) within the buildings located on such Premises (the “Building”). LPHC
shall have the right to reasonably identify the specific Premises to be used in the Buildings from
time to time. The parties recognize that the use of certain portions of the Premises are needed by
LPHC to operate the Business and Seller to administer its bankruptcy estate during the Term and
agree to work cooperatively in respect of use of this shared space. Either Seller or LPHC may
terminate its use of any Premises upon five (5) days written notice to the other party.

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     6.2 Telecommunications, Internet and Utility Services. Seller shall use commercially
reasonable efforts to provide/continue to provide to each of the Premises, as applicable,
telecommunications services, internet services, electricity, water and heating, ventilating and air
conditioning at the levels provided immediately prior to the Effective Date and at levels
reasonably sufficient to allow LPHC to conduct the Business as the Business was conducted prior to
the Effective Date. Seller shall not, however, be liable for the interruption of any services or
utilities; provided however that Seller shall reasonably cooperate with LPHC to remediate as
promptly as reasonably practicable any such interruption of services. LPHC shall be responsible
for any additional security and/or reserve deposit required by the providers of the services
described in this Section 6.2, provided that Seller shall turn over, or cause to be turned
over, to LPHC any such deposit, net of wire transfer fees and/or any other fees or offsets, if any,
to the extent related to the Services, no later than two (2) Business Days after such deposit is
returned from a provider, as applicable, to Seller. Any such additional security and/or reserve
deposit posted by LPHC shall not constitute property of Seller’s bankruptcy estate but shall be and
at all times shall remain LPHC’s property.

     6.3 Use; Compliance with Laws; Rules. LPHC may use the Premises consistent with the operation
of the Business prior to the Effective Date and only for the specific, allowed purposes set forth
in the respective lease agreements governing such Premises. LPHC shall observe and comply with all
laws with respect to LPHC’s use of each of the Premises. LPHC shall not do or permit anything to
be done in, about or with respect to either of the Premises which would (a) injure the Included
Assets, the Premises or the Building or (b) vibrate, shake, overload, or impair the efficient
operation of the Premises or the Building or any of the building systems located therein. LPHC
shall comply with all reasonable rules and regulations promulgated from time to time by Seller,
including, without limitation, rules relating to security and access within the Buildings, as
applicable. With respect to all of the foregoing, Seller shall promptly notify LPHC if its actions
fail to comply in order to permit LPHC to cure or otherwise remedy such failure.

     6.4 Insurance. LPHC shall obtain and keep in full force and effect, at LPHC’s sole cost,
insurance substantially similar to insurance which Seller has in place for the Business as of the
date hereof, including, but not limited to commercial general liability policy of insurance
protecting LPHC against claims for bodily injury, personal injury and property damage based upon,
involving or arising out of LPHC’s use or occupancy of each of the Included Assets, Premises and
all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single
limit coverage in an amount not less than $1,000,000 per occurrence. The policy shall include
coverage for liability assumed under this Agreement as an “insured contract” for the performance of
LPHC’s indemnity obligations under this Agreement, and shall name Seller as an additional insured.
In addition, LPHC shall obtain and keep in full force and effect, at LPHC’s sole cost, a policy of
“all risk” property insurance insuring the Included Assets and all personal property associated
with the operation of the Business in each of the Premises. LPHC shall deliver certificates
evidencing such insurance to Seller upon request. Each such insurance policy shall be in a form
and from an insurance company reasonably acceptable to Seller.

     6.5 Hazardous Materials. LPHC shall not, without the prior written consent of Seller, which
consent may be withheld in Seller’s sole discretion, use, store, transport or dispose of any
Hazardous Material in or about the Premises. LPHC, at its sole cost, shall comply with

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all laws relating to its use of Hazardous Materials. If Hazardous Materials stored, used,
disposed of, emitted, or released on or about the Premises by LPHC or its agents, employees or
contractors result in contamination of the Premises or the water or soil thereunder, then LPHC
shall promptly take any and all action necessary to clean up such contamination as required by law.
LPHC shall indemnify, defend, protect and hold Seller and its officers, directors, employees,
successors and assign harmless from and against, all actual losses, damages, claims, costs and
liabilities, including attorneys’ fees and costs, arising out of LPHC’s use, discharge, disposal,
storage, transport, release or emission of Hazardous Materials on or about the Premises during the
Term in violation of applicable law. Seller shall indemnify, defend, protect and hold LPHC and its
officers, directors, employees, successors and assigns harmless from and against, all actual
losses, damages, claims, costs and liabilities, including attorneys’ fees and costs, arising out of
Seller’s use, discharge, disposal, storage, transport, release or emission of Hazardous Materials
on or about the Premises during the Term in violation of applicable law. “Hazardous Materials”
shall mean any material or substance that is now or hereafter designated by any applicable
governmental authority to be, or regulated by any applicable governmental authority as,
radioactive, toxic, hazardous or otherwise a danger to health, reproduction or the environment.

     6.6 Repairs. LPHC accepts each of the Premises in “as is” condition. During its use of the
Premises, LPHC shall maintain each of the Premises in neat, orderly condition and shall repair any
damage to any of the Buildings caused by LPHC or its agents, employees, contractors or invitees;
provided however that LPHC shall not be responsible for the actions of Seller or its agents,
employees, contractors or invitees.

     6.7 Alterations. Except as otherwise provided herein, no alterations or improvements shall be
made to any Premises without the prior written consent of Seller, which consent shall not be
unreasonably withheld and which consent shall be subject to the respective lease agreements
governing such Premises.

     6.8 Condemnation. If all or any part of any Premises is taken by any Governmental Authority
by the exercise of the power of eminent domain or by a voluntary transfer in lieu thereof (a
“Condemnation”), this Agreement shall terminate as to the part of the applicable Premises
taken. All Condemnation proceeds shall be the property of Seller.

     6.9 Seller’s Right to Enter. Provided Seller complies with all of LPHC’s reasonable security
measures, Seller and/or its agents may, upon reasonable advance notice (except in the case of
emergency directly affecting the Premises), enter the Premises at any reasonable time for the
purpose of inspecting the same, supplying any service to be provided by Seller to LPHC, making
necessary alterations or repairs or for any other purpose permitted under this Agreement.

     6.10 Confidentiality. The parties hereto acknowledge that the Premises is not separately
demised, and each party shall use commercially reasonable efforts to prevent its agents, employees
or contractors from discovering or otherwise coming into contact with confidential information of
the other party. If, despite such efforts, any such confidential information is discovered by a
party, such party shall immediately inform the other party of such discovery, and shall hold, and
cause its employees, agents, contractors, invitees and LPHC to hold, such information confidential.

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     6.11 Vacating Premises. Unless, pursuant to the LPHC APA, LPHC has assumed the lease of any
of the Premises, upon or before expiration of the Term, LPHC shall vacate and surrender the
Premises to Seller in the same condition as received from Seller, excepting ordinary wear and tear,
and all of LPHC’s personal property shall be removed from the Premises in compliance with all
applicable laws. Once all the personal property of LPHC has been removed, Seller will supply a
checklist of any remaining items required to be removed by LPHC hereunder or damages to the
Premises or Included Assets for which LPHC is responsible hereunder within three (3) Business Days,
and LPHC will have three (3) Business Days to contest any item on the list. After this period,
LPHC agrees to make commercially reasonable efforts to remove any such remaining assets or repair
any such damage within fifteen (15) Business Days. If any of the Premises are not so surrendered,
LPHC shall be liable to Seller for all reasonable costs actually incurred by Seller in returning
the Premises to the required condition. If LPHC does not surrender the Premises upon the
expiration of the Term of this Agreement or its earlier termination, as required above, LPHC shall
indemnify, defend, protect and hold harmless Seller from and against all actual and reasonable
costs and/or losses incurred and paid by Seller to the extent resulting from LPHC’s delay in
surrendering the Premises, and pay Seller a holdover fee of $5,000 a month (prorated for any
partial month). LPHC shall not be responsible for any damages caused by Seller, including any of
Seller’s employees or agents hereunder, and shall not be responsible for removing any assets
retained by the Seller estate under the Plan or LPHC APA or otherwise constituting Seller’s
property.

     6.12 Operation of the Business; Budget. On or prior to September 30, 2011, LPHC and Seller
shall agree on a budget for the operation of the Business during the Term (the “Budget”),
which Budget shall be in substantially similar form as the budget attached as Exhibit A to the
Final Order Regarding Motion for Authorization of (1) the Interim and Permanent Use of Cash
Collateral, (2) the Granting of Replacement Liens, (3) Entry of Scheduling Order Regarding
Continued Use of Cash Collateral and (4) Additional Relief entered on July 26, 2011 by the United
States Bankruptcy Court for the District of Massachusetts in Case No. 11-15791 [Docket No. 122].
During the Term, LPHC agrees that it shall conduct the Business in accordance with the Budget (with
such reasonable variances as may be mutually agreed by the parties) and in the ordinary course,
including, but not limited to paying, discharging or satisfying all liabilities of the Business,
including, but not limited to, operating expenses, taxes, insurance, payroll and other
employee-related obligations, and amounts due under this Agreement in the ordinary course of
business or in accordance with the terms of such liabilities. LPHC shall provide a certificate on
the first (1st) of each month certifying the payment of all such amounts to Seller and
shall provide Seller with evidence of the working capital funding required to fund cash
requirements pursuant to the Budget.

     6.13 Changes or Amendments to Included Assets; Execution of Documents Related to Included
Assets. LPHC shall not, without the prior written consent of Seller, which consent may be withheld
in Seller’s sole discretion, amend, change or modify the Included Assets. For the avoidance of
doubt, the Included Assets includes Seller’s contracts. LPHC shall not execute any certificate,
report, notice, consent, opinion, statement or other document on behalf of Seller.

     6.14 Storage and Delivery of Included Assets. Seller and LPHC agree that during the Term, the
machinery, equipment and other personal property included in the Included Assets and located at the
Premises may, at the sole discretion of LPHC, remain at the Premises, as

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applicable. During the Term, LPHC shall have the right to, at its expense and risk, create,
use, remove and transport the Included Assets or any property or goods developed, manufactured or
created with the aid of any of the Included Assets without damage to Seller’s property, provided
that Seller shall reasonably cooperate with LPHC in effecting such use and process and that LPHC
will provide reasonable notice of the removal or transportation of the Included Assets. Upon
termination of this Agreement, other than due to the occurrence of the Closing pursuant to the LPHC
APA, LPHC shall deliver the Included Assets to Seller at the Premises at the sole cost and expense
of LPHC. All Included Assets shall be delivered in the same condition as on the date hereof,
reasonable wear and tear excepted.

7. Breach. In the event of a breach by either party of any of its obligations hereunder,
the breaching party shall cure such, if curable, breach within fifteen (15) days after written
notice thereof by the non-breaching party. Upon the failure by LPHC to cure any such breach as
provided herein, upon any termination of the LPHC APA or upon any event that would have a Material
Adverse Effect (as defined in the LPHC APA), Seller may immediately terminate this Agreement and
the LPHC APA.

8. Fees.

     8.1 Scheduled Services and Fees. In consideration of the provision of the Services hereunder,
from after September 30, 2011, LPHC shall pay Seller a monthly fee of $2,100 (“Fees”).
LPHC shall pay to Seller all Fees with respect to each thirty (30) day period included in the Term
on the first Business Day of such thirty (30) day period. In addition, LPHC shall pay Seller an
administrative fee in the amount of $15,000 (“Administrative Fee”), which shall be payable
to Seller on September 30, 2011.

     8.2 Additional Services and Fees. LPHC may request additional services not contemplated by
Schedule A. In such event, the parties hereto shall cooperate in good faith to determine
the anticipated actual cost to Seller of providing such additional service (which actual cost
shall, in any event, be reasonable and customary), shall calculate a monthly fee with respect to
any such additional service based on such anticipated actual cost, and shall, by mutual agreement,
amend Schedule A hereto to reflect such additional service and fee. Upon such amendment to
Schedule A, such additional service shall be deemed a “Service” for all purposes hereunder,
and such additional fee shall be deemed a “Fee” for all purposes hereunder, including Section 9.

9. Personnel; Standard of Performance.

     (a) Each Service to be provided hereunder shall be performed by the personnel set forth on
Schedule A, as such schedule may be updated from time to time pursuant to the mutual
agreement of the parties hereto, under the listing for such Service (each such individual, a
“Seller Agent” and, collectively, the “Seller Agents”), unless otherwise mutually
agreed by the parties. Seller shall remain responsible, in accordance with the terms of this
Agreement, for the performance of the Services and all other obligations of Seller hereunder.

     (b) Seller shall not be liable for any failure of, or delay in the performance of, any
Services under this Agreement for the period that such failure or delay is due to acts of God,
civil

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war, strikes or labor disputes, or any other cause beyond Seller’s reasonable control. Seller shall
notify LPHC promptly of the occurrence of any such cause and shall resume full performance of such
Services as promptly as practicable after such cause is terminated.

     (c) Nothing in this Agreement shall grant, suggest or imply any right, agreement or authority
for Seller to use the name, trademarks, service marks, trade names or domain names of LPHC for any
purpose whatsoever. Nothing in this Agreement shall be deemed to grant to Seller any right,
agreement or assignment of any intellectual property of LPHC.

10. Indemnity.

     10.1 Indemnity by LPHC. Subject to Section 10.2 hereof, LPHC will defend, indemnify, and hold
harmless Seller and its affiliates, and each of their respective officers, directors, employees,
customers, agents, successors and assigns (collectively, “Seller Indemnified Parties”),
from and against any and all costs, losses, liabilities and expenses (including reasonable
attorneys fees) arising out of or directly relating to: (i) third party claims related to LPHC’s
use of the Services under this Agreement; (ii) any dispute between LPHC and LPHC’s customers or
suppliers during the Term; (iii) any services or transactions performed by LPHC using the Services,
including without limitation, any and all claims, actions, suits, or proceedings alleging fraud,
breach of security, noncompliance with laws, breach of contract, infringement, misappropriation or
negligence arising from conduct during the Term; and (iv) breach of LPHC’s obligations under this
Agreement.

     10.2 Indemnity by Seller. Seller will defend, indemnify, and hold harmless LPHC and its
affiliates, and each of their respective officers, directors, employees, customers, agents,
successors and assigns, from and against any and all costs, losses, liabilities and expenses
(including reasonable attorneys fees) arising out of or relating to the bad faith, willful or
wanton misconduct, negligence or gross negligence of a Seller Indemnified Party. LPHC ACKNOWLEDGES
THAT, OTHER THAN AS EXPRESSLY PROVIDED HEREIN, SELLER PROVIDES THE SERVICES WITHOUT REPRESENTATION
OR WARRANTY OF ANY KIND, INCLUDING WITHOUT LIMITATION, ANY IMPLIED WARRANTY OF NONINFRINGEMENT,
TITLE, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. WITHOUT LIMITING THE FOREGOING, SELLER
MAKES NO REPRESENTATION OR WARRANTY THAT THE SERVICES DO NOT INFRINGE ANY PATENT, COPYRIGHT OR
TRADE SECRET OF ANY THIRD PARTY, AND ACCEPTS NO RESPONSIBILITY FOR ANY EXPENSES, LOSSES OR ACTION
INCURRED OR UNDERTAKEN BY LPHC OR ANY OF ITS AFFILIATES, CONTRACTORS OR AGENTS AS A RESULT OF
LPHC’S RECEIPT OR USE OF SERVICES OTHER THAN THOSE EXPENSES, LOSSES OR ACTIONS RESULTING FROM OR
ARISING OUT OF A SELLER INDEMNIFIED PARTY’S ACTS OF BAD FAITH, WILLFUL OR WANTON MISCONDUCT,
NEGLIGENCE OR GROSS NEGLIGENCE.

     10.3 Limitations on Liability. UNDER NO CIRCUMSTANCES SHALL EITHER PARTY BE LIABLE TO THE
OTHER PARTY FOR ANY SPECIAL, INDIRECT, INCIDENTAL, CONSEQUENTIAL, MULTIPLE OR PUNITIVE DAMAGES
ARISING OUT OF THIS AGREEMENT (INCLUDING, WITHOUT LIMITATION, LOST PROFITS)

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REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT, TORT, NEGLIGENCE, ARISING UNDER STATUTE
OR OTHERWISE.

11. Notices.

All notices, requests, demands and other communications shall be given in accordance with the
provisions contained in the contingent LPHC APA.

12. General Provisions.

     12.1 Independent Contractor Status. The status of Seller shall be that of independent
contractor and nothing set forth herein shall be deemed to constitute any partnership, joint
venture, fiduciary relationship, agency, or similar relationship between the parties hereto.
Neither party hereto shall represent to any third party that any such partnership, joint venture,
fiduciary relationship or agency exists in respect of this Agreement, or that Seller is acting on
behalf of LPHC pursuant to this Agreement in any capacity other than that of independent
contractor. Nothing in this Agreement confers authority upon either party to enter into any
commitment or agreement binding on the other.

     12.2 Entire Agreement. This Agreement sets forth the entire agreement and understanding of
the parties hereto in respect of the subject matter hereof and supersedes all prior agreements,
promises, covenants, arrangements, representations or warranties, whether oral or written, by any
party hereto or any officer, director, employee or representative of any party hereto. No
modification or waiver of any provision of this Agreement will be valid unless it is in writing and
signed by the party to be charged therewith.

     12.3 Severability. The invalidity or unenforceability of any provision of this Agreement
shall not affect the validity or enforceability of any other provision hereof.

     12.4 Assignability. This Agreement shall inure to the benefit of and be binding upon the
parties hereto and their respective successors and assigns. Neither Seller nor LPHC may assign
this Agreement or any interest herein without the prior written consent of the other party hereto,
provided that LPHC may, in its sole discretion, assign all or any portion of its rights and
obligations hereunder to one or more affiliates of LPHC. To the extent LPHC assigns all or any
portion of its rights and obligations hereunder to one of its affiliates, LPHC shall guarantee such
affiliate’s obligations hereunder.

     12.5 Counterparts. This Agreement may be executed in multiple counterparts (including those
transmitted by facsimile or other electronic format), each of which shall be deemed in original but
all of which together shall constitute one and the same instrument.

     12.6 Effect of Headings. The titles of section headings herein contained has been provided
for convenience of reference only and shall not affect the meaning of construction of any of the
provisions hereof.

     12.7 Waivers. Compliance with any condition or covenant set forth herein may not be waived
except by writing duly executed by the party or parties to be bound. No delay on the part of any
party in exercising any right, power or privilege hereunder shall operate as a waiver

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thereto, and any waiver on the part of any party of any such right, power or privilege, or any
single or partial exercise thereof shall not preclude any further exercise thereof or the exercise
of any other such right, power or privilege.

     12.8 Governing Law. This Agreement shall be governed by and construed in accordance with
federal bankruptcy law, to the extent applicable, and, where state law is implicated, the internal
laws of the Commonwealth of Massachusetts, without giving effect to any principles of conflicts of
law.

     12.9 WAIVER OF RIGHT TO TRIAL BY JURY. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY LAW, ANY AND ALL RIGHTS IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF
ANY CLAIM, ACTION OR PROCEEDING OR COUNTERCLAIM (WHETHER BASED UPON CONTRACT, TORT OR OTHERWISE)
RELATING TO THIS AGREEMENT OR ANY AGREEMENTS CONTEMPLATED HEREIN OR ANY OF THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY.

     12.10 Construction. The words “include,” “includes,” and “including” will be deemed to be
followed by “without limitation.” Pronouns in masculine, feminine, or neuter genders will be
construed to include any other gender, and words in the singular form will be construed to include
the plural and vice versa, unless the context otherwise requires. References to “this Agreement”
shall include all Exhibits, Schedules and other agreements, instruments or other documents attached
hereto. The words “herein,” “hereof,” “hereby,” “hereunder,” and words of similar import refer to
this Agreement as a whole and not to any particular subdivision unless expressly so limited.
References in this Agreement to Articles, sections, Schedules or Exhibits are to Articles or
sections of, Schedules or Exhibits to, this Agreement, except to the extent otherwise specified
herein. References to the consent or approval of any party hereto mean the written consent or
approval of such party, which may be withheld, conditioned or delayed in such party’s sole and
absolute discretion, except to the extent otherwise specified herein. All terms defined in this
Agreement shall have the defined meanings when used in any certificate or other document made or
delivered pursuant hereto unless otherwise defined therein. Any agreement, instrument or statute
defined or referred to herein means such agreement, instrument or statute as from time to time
amended, modified or supplemented, including (in the case of agreements or instruments) by waiver
or consent and (in the case of statutes) by succession of comparable successor statutes and
references to all attachments thereto and instruments incorporated therein. The headings of the
sections, paragraphs and subsections of this Agreement are inserted for convenience only and are
not part of this Agreement and do not in any way limit or modify the provisions of this Agreement
and shall not affect the interpretation hereof. Unless otherwise specified herein, payments that
are required to be made under this Agreement shall be paid by wire transfer of immediately
available funds to an account designated in advance by the party entitled to receive such payment.
All references to “dollars” or “$” or “US$” in this Agreement means U.S. dollars.

     12.11 Time Periods. Any action required hereunder to be taken within a certain number of days
shall be taken within that number of calendar days; provided, however, that if the last day for
taking action falls on a weekend or a legal holiday in the State of Massachusetts,

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the period during which such action may be taken shall be automatically extended to the next
Business Day.

     12.12 No Strict Construction. The language used in this Agreement will be deemed to be the
language chosen by the parties hereto to express their mutual intent, and no rule of strict
construction will be applied against either party.

     12.13 Specific Performance. The parties hereto agree that if any of the provisions of this
Agreement were not performed in accordance with their specific terms or were otherwise breached,
irreparable damage would occur, no adequate remedy at law would exist and damages would be
difficult to determine, and that the parties hereto shall be entitled to specific performance of
the terms hereof (without the posting of any bond), in addition to any other remedy at law or
equity.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed in multiple
counterparts as of the date set forth above by their duly authorized representatives.

	 	 	 	 	 	 	 

	 	 	LPHC ACQUISITION PARTNERS LLC
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	EMPLOYMENT SCREENING PROFILES, INC.,	 	 
	 	 	a Florida corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Stephen S. Gray, solely in his capacity as
Chapter 11 Trustee	 	 
	 

	 	Title:
	 	Chapter 11 Trustee	 	 
	 
	 	 	 	 	 	 
	 	 	WORLDWIDE INFORMATION, INC.,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Stephen S. Gray, solely in his capacity as
Chapter 11 Trustee	 	 
	 

	 	Title:
	 	Chapter 11 Trustee	 	 

11Exhibit 10.1

Exhibit 10.1

INDEMNIFICATION AGREEMENT

This Indemnification Agreement (the “Agreement”) is made as of the 26th day of
October, 2011, by and between NEWPARK RESOURCES, INC. a Delaware corporation (the “Company”), and
Gregg S. Piontek (“Indemnitee”), with reference to the following:

A. The Company has offered to employ Indemnitee as the Vice President and Chief Financial
Officer of the Company.

B. The Certificate of Incorporation, as amended, and the Bylaws, as amended, of the Company
provide that the Company shall indemnify its “agents” (as defined herein), including directors and
officers, against specified expenses and losses arising as a result of their services as such
agents, to the fullest extent permitted by the Delaware General Corporation Law (the “GCL”).

C. Section 145(f) of the GCL provides that the indemnification provisions of the CGL are not
exclusive of any rights to which a person seeking indemnification may be entitled under the
Certificate of Incorporation or Bylaws of a corporation or under an agreement providing for
indemnification.

D. Indemnitee has indicated that he may not be willing to in the employ of the Company the
offered employment in the absence of indemnification in addition to that provided by the Company’s
Certificate of Incorporation and Bylaws.

E. It is the intention of this Agreement to provide to Indemnitee certain indemnification
rights that are in addition to those rights described in the Company’s Certificate of Incorporation
and Bylaws.

NOW, THEREFORE, as an inducement to Indemnitee to serve as an officer of the Company, the
Company agrees with Indemnitee as follows:

1. Indemnification. The Company shall indemnify Indemnitee if Indemnitee was or is a
party or is threatened to be made a party to any proceeding (including but not limited to a
proceeding by or in the right of the Company to procure a judgment in its favor) by reason of the
fact that Indemnitee is or was an agent of the Company or of any other entity for which Indemnitee
served at the request of the Company, against expenses (including but not limited to attorneys’
fees and litigation costs), judgments, fines, settlements and other amounts actually and reasonably
incurred in connection with such proceeding if Indemnitee acted in good faith and in a manner
Indemnitee reasonably believed to be in the best interests of the Company and its subsidiaries,
and, in the case of a criminal proceeding, had no reasonable cause to believe that Indemnitee’s
conduct was unlawful. The termination of any proceeding by judgment, order, settlement, conviction
or upon a plea of nolo contendere or its equivalent shall not, of itself, create a
presumption that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably
believed to be in the best interests of the Company and its subsidiaries or that the Indemnitee had
reasonable cause to believe that the Indemnitee’s conduct was unlawful.

2. Mandatory Payment of Expenses. To the extent that Indemnitee has been successful
on the merits in defense of any proceeding referred to in Section 1 or in defense of
any claim, issue or matter therein, Indemnitee shall be indemnified against expenses actually
and reasonably incurred by Indemnitee in connection therewith.

					
	 	 	 	 	 
	Gregg S. Piontek
	 	Page 1 of 7
	 	Indemnification Agreement

 

 

 

3. Expenses; Indemnification Procedure.

3.1 Advance of Expenses. At the times specified in Section 3.4(a) hereof, the Company
shall advance all expenses incurred by Indemnitee in defending any proceeding prior to the final
disposition of such proceeding. Indemnitee hereby undertakes to repay such amounts advanced if it
shall be determined ultimately that Indemnitee is not entitled to be indemnified by the Company.

3.2 Notice/Cooperation by Indemnitee. As a condition precedent to Indemnitee’s right
to be indemnified under this Agreement, Indemnitee shall give the Company notice in writing as soon
as practicable of any claim made against Indemnitee for which indemnification will or could be
sought under this Agreement. Notice to the Company shall be directed to the Secretary of the
Company at the address shown on the signature page of this Agreement (or such other address as the
Company shall designate in writing to Indemnitee). Delay in providing notice shall not preclude
Indemnitee from asserting his rights under this Agreement, unless and only to the extent that such
delay causes actual loss to the Company. Indemnitee shall give the Company such information and
cooperation as it may reasonably require and as shall be within Indemnitee’s reasonable ability to
provide.

3.3 Determination of Standard of Conduct.

(a) It shall be a defense to any claim by Indemnitee for indemnification hereunder and to any
action brought by Indemnitee pursuant to Section 3.4(a) (other than a claim or action to enforce a
claim for expenses incurred in connection with any proceeding in advance of its final disposition)
that Indemnitee has not met the standard of conduct which makes it permissible for the Company to
indemnify Indemnitee for the amount claimed, but the burden of proving such defense (by clear and
convincing evidence) shall be on the Company, and Indemnitee shall be entitled to receive interim
payments of expenses pursuant to Section 3.1 unless and until such defense is finally adjudicated
by court order or judgment from which no further right of appeal exists. It is the parties’
intention that, if the Company contests Indemnitee’s right to indemnification, the question of
Indemnitee’s right to indemnification shall be for the court to decide, and neither the failure of
the Company (including its Board of Directors, any committee or subgroup of the Board of Directors,
independent legal counsel, or its stockholders) to have made a determination that indemnification
is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor
an actual determination by the Company (including its Board of Directors, any committee or subgroup
of the Board of Directors, independent legal counsel, or its stockholders) that Indemnitee has not
met such standard of conduct, shall create a presumption that Indemnitee has or has not met the
applicable standard of conduct. Except as provided in Sections 2 and 3.1, Indemnitee shall be
indemnified by the Company under this Agreement unless it shall be determined by a court of
competent jurisdiction that indemnification of Indemnitee is improper under the circumstances of
the particular proceeding because the Indemnitee has not met the applicable standard of conduct set
forth in Section 1.

					
	 	 	 	 	 
	Gregg S. Piontek
	 	Page 2 of 7
	 	Indemnification Agreement

 

 

 

(b) No indemnification or advance shall be made under this Agreement, except as provided in
Section 2 or Section 3.1, in any circumstance where it appears that it would be inconsistent with
any condition expressly imposed by a court in approving a settlement.

3.4 Certain Procedural Matters.

(a) Any indemnification and advances provided for in this Agreement shall be made no later
than thirty (30) days after receipt of the written request of Indemnitee. If a claim under this
Agreement, under any statute, or under any provision of the Company’s Certificate of Incorporation
or Bylaws providing for indemnification is not paid in full by the Company within thirty (30) days
after a written request for payment thereof has first been received by the Company, Indemnitee may,
but need not, at any time thereafter bring an action against the Company to recover the unpaid
amount of the Claim, and, subject to Section 14 of this Agreement, Indemnitee shall also be
entitled to be paid for the expenses of bringing such action.

(b) Notice to Insurers. If, at the time of the receipt of a notice of a claim
pursuant to Section 3.2 hereof, the Company has director and officer liability insurance in effect,
the Company shall give prompt notice of the commencement of such proceeding to the insurers in
accordance with the procedures set forth in the respective policies. The Company shall thereafter
take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee,
all amounts payable as a result of such proceeding in accordance with the terms of such policies.
If the Company fails to take such action on Indemnitee’s behalf, Indemnitee may do so, whereupon
the Company shall indemnify Indemnitee against all expenses incurred by Indemnitee in connection
with any proceeding brought by Indemnitee against the insurers for recovery under any such
insurance.

(c) Selection of Counsel. The Company shall be entitled to assume the defense of any
proceeding with respect to which it is obligated to advance expenses pursuant to Section 3.1, with
counsel reasonably satisfactory to Indemnitee, upon the delivery to Indemnitee of written notice of
its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and
the retention of such counsel by the Company, the Company will not be liable to advance counsel
fees to Indemnitee with respect to the same proceeding, provided that (i) Indemnitee shall have the
right to employ his or her counsel in any such proceeding at Indemnitee’s expense; and (ii) if (A)
the employment of counsel by Indemnitee has been previously authorized by the Company, (B)
Indemnitee shall have reasonably concluded that there may be a conflict of interest between the
Company and Indemnitee in the conduct of any such defense, or (C) the Company shall not, in fact,
have employed counsel to assume the defense of such proceeding, then the fees and expenses of
Indemnitee’s counsel shall be at the expense of the Company.

					
	 	 	 	 	 
	Gregg S. Piontek
	 	Page 3 of 7
	 	Indemnification Agreement

 

 

 

4. Additional Indemnification Rights; Non-exclusivity.

4.1 Scope. Notwithstanding any other provision of this Agreement, the Company hereby
agrees to indemnify the Indemnitee to the fullest extent permitted by law (in effect at any time
between the date the Indemnitee became an agent of the Company and the date
the claim is resolved) notwithstanding that such indemnification is not specifically
authorized by the other provisions of this Agreement, the Company’s Certificate of Incorporation,
Bylaws or by statute. In the event of any change in any applicable law, statute or rule which
narrows the right of a Delaware corporation to indemnify a member of its Board of Directors or an
officer or other agent, such changes, to the extent not otherwise required by such law, statute or
rule to be applied to this Agreement, shall have no effect on this Agreement or the parties’ rights
and obligations hereunder.

4.2 Other Rights Authorized. The indemnification provided by this Agreement shall not
be exclusive of (a) any additional rights to indemnification for breach of duty to the Company and
its stockholders while acting in the capacity of a director, officer, employee or agent of the
Company or of any other entity for which Indemnitee served at the request of the Company or (b) any
other rights to which Indemnitee may be entitled under any Bylaw, agreement, vote of stockholders
or disinterested directors, or otherwise, both as to action in Indemnitee’s official capacity and
as to action in another capacity while holding such office, in each case, to the extent such
additional rights to indemnification are authorized in the Company’s Certificate of Incorporation.
The indemnification provided under this Agreement shall continue as to Indemnitee for any action
taken or not taken while serving in an indemnified capacity even though Indemnitee may have ceased
to serve in such capacity at the time of any covered proceeding.

5. Partial Indemnification. If Indemnitee is entitled under any provision of this
Agreement to indemnification by the Company for some or a portion of the expense, judgments, fines
or penalties actually or reasonably incurred by him or her in the investigation, defense, appeal or
settlement of any civil or criminal action, suit or proceeding, but not for the total amount
thereof, the Company shall nevertheless indemnify Indemnitee for the portion of such expenses,
judgments, fines or penalties to which Indemnitee is entitled.

6. Mutual Acknowledgement. Both the Company and Indemnitee acknowledge that in
certain instances, Federal law or applicable public policy may prohibit the Company from
indemnifying its directors, officers and agents under this Agreement or otherwise. Indemnitee
understands and acknowledges that the Company has undertaken or may be required in the future to
undertake with the Securities and Exchange Commission to submit the question of indemnification to
a court in certain circumstances for a determination of the Company’s right under public policy to
indemnify Indemnitee.

7. Charter Provisions. The Company at all times shall have and maintain in its
Certificate of Incorporation or Bylaws, or both, as necessary in order to be effective under the
GCL, provisions for exculpating directors from liability and for indemnifying officers, directors,
employees and agents, in each case to the fullest extent permitted under the GCL, which provisions
shall not be amended except as required by applicable law or except to make changes, permitted by
law, that would enlarge Indemnitee’s right of indemnification.

					
	 	 	 	 	 
	Gregg S. Piontek
	 	Page 4 of 7
	 	Indemnification Agreement

 

 

 

8. Officer and Director Liability Insurance. The Board of Directors of the Company
shall, from time to time, make the good faith determination whether or not it is practicable for
the Company to obtain and maintain a policy or policies of insurance with reputable insurance
companies providing the officers and directors of the Company with coverage for losses from
wrongful acts, or to ensure the Company’s performance of its indemnification obligations under
this Agreement. Among other consideration, the Company will weigh the costs of obtaining such
insurance coverage against the protection afforded by such coverage. Notwithstanding the
foregoing, the Company shall have no obligation to obtain or maintain such insurance if the Company
determines in good faith that such insurance is not reasonably available, if the premium costs for
such insurance are disproportionate to the amount of coverage provided, if the coverage provided by
such insurance is limited by exclusions so as to provide an insufficient benefit, or if Indemnitee
is covered by similar insurance maintained by a subsidiary or parent of the Company.

9. Severability. Nothing in this Agreement is intended to require or shall be
construed as requiring the Company to do or fail to do any act in violation of applicable law. The
Company’s inability, pursuant to court order, to perform its obligations under this Agreement shall
not constitute a breach of this Agreement. The provisions of this Agreement shall be severable as
provided in this Section 9. If this Agreement or any portion hereof shall be invalidated on any
ground by any court of competent jurisdiction, then the Company shall nevertheless indemnify
Indemnitee to the full extent permitted by any applicable portion of this Agreement that shall not
have been invalidated, and the balance of this Agreement not so invalidated shall be enforceable in
accordance with its terms.

10. Exceptions. Any other provision herein to the contrary notwithstanding, the
Company shall not be obligated pursuant to the terms of this Agreement:

10.1 To indemnify or advance expenses to Indemnitee with respect to proceedings or claims
initiated or brought voluntarily by Indemnitee and not by way of defense, except with respect to
proceedings brought to establish or enforce a right to indemnification under this Agreement, the
Company’s Certificate of Incorporation or Bylaws, or any other statute or law or otherwise as
required or permitted under Section 145 of the GCL, but such indemnification or advancement of
expenses may be provided by the Company in specific cases if the Board of Directors has approved
the initiation or bringing of such suit; or

10.2 To indemnify Indemnitee for any expenses incurred by the Indemnitee with respect to any
proceeding instituted by Indemnitee to enforce or interpret this Agreement, if a court of competent
jurisdiction determines that each of the material assertions made by the Indemnitee in such
proceeding was not made in good faith or was frivolous; or

10.3 To indemnify Indemnitee for expenses or liabilities of any type whatsoever (including,
but not limited to, judgments, fines, ERISA excise taxes or penalties, and amounts paid in
settlement) which have been paid directly to Indemnitee by an insurance carrier under a policy of
officers’ and directors’ liability insurance maintained by the Company; or

10.4 To indemnify Indemnitee for expenses and the payment of profits arising from the purchase
and sale by Indemnitee of securities in violation of Section 16(b) of the Securities Exchange Act
of 1934, as amended, or any similar successor statute; or

10.5 To indemnify Indemnitee for any act, omission or transaction listed in the exceptions to
waiver of personal liability of a director set forth in Section 102(b)(7) of the GCL.

					
	 	 	 	 	 
	Gregg S. Piontek
	 	Page 5 of 7
	 	Indemnification Agreement

 

 

 

11. Construction of Certain Phrases.

11.1 For purposes of this Agreement, “agent” means any person who is or was a director,
officer, employee or other agent of the Company, or is or was serving at the request of the Company
as a director, member of a committee of the Board of Directors, officer, employee or agent of
another foreign or domestic corporation which was a predecessor corporation of the Company or of
another enterprise at the request of such predecessor corporation; “proceeding” means any
threatened, pending or completed action or proceeding, whether civil, criminal, administrative or
investigative; and “expenses” includes, without limitation, attorney’s fees and any expenses of
establishing a right to indemnification or any other right under this Agreement.

11.2 For purposes of this Agreement, “person” means any individual, and any domestic or
foreign corporation, partnership, association, trust or other entity or organization, including a
government or political subdivision or any agency or instrumentality thereof; and “predecessor or
acquired person” means a person which was a predecessor of the Company or a majority of whose
equity interests or assets is or was acquired by the Company.

11.3 For purposes of this Agreement, references to the “Company” shall include any subsidiary
of the Company and, in addition to the resulting corporation, any constituent corporation
(including any constituent of a constituent) absorbed in a consolidation or merger which, if its
separate existence had continued, would have had power and authority to indemnify its directors,
officers, and employees or agents, so that if Indemnitee is or was a director, officer, employee or
agent of such constituent corporation, or is or was serving at the request of such constituent
corporation as a director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise, Indemnitee shall stand in the same position under the
provisions of this Agreement with respect to the resulting or surviving corporation as Indemnitee
would have with respect to such constituent corporation if its separate existence had continued.

11.4 For purposes of this Agreement, references to “other enterprises” shall include employee
benefit plans; references to “fines” shall include any excise taxes assessed on Indemnitee with
respect to any employee benefit plan; and references to “serving at the request of the Company”
shall include any service as a director, member of a committee of the Board of Directors, officer,
employee or agent of the Company which imposes duties on, or involves services by, such director,
officer, employee or agent with respect to any employee benefit plan, its participants, or
beneficiaries; and if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed
to be in the best interests of the participants and beneficiaries of an employee benefit plan,
Indemnitee shall be deemed to have acted in a manner “not opposed to the best interests of the
Company” as referred to in this Agreement.

12. Counterparts. This Agreement may be executed in one or more counterparts, each of
which shall constitute an original.

13. Successors and Assigns. This Agreement shall be binding upon the Company and its
successors and assigns, and shall inure to the benefit of Indemnitee and the heirs, executors, and
administrators of the Indemnitee.

					
	 	 	 	 	 
	Gregg S. Piontek
	 	Page 6 of 7
	 	Indemnification Agreement

 

 

 

14. Attorneys’ Fees. In the event that any action is instituted by Indemnitee under
this Agreement to enforce or interpret any of the terms hereof, Indemnitee shall be entitled to be
paid all court costs and expenses, including reasonable attorneys’ fees, incurred by Indemnitee
with respect to such action, unless as a part of such action, the court of competent jurisdiction
determines that each of the material assertions made by Indemnitee as a basis for such action was
not made in good faith or was frivolous. In the event of an action instituted by or in the name of
the Company under this Agreement, or to enforce or interpret any of the terms of this Agreement,
Indemnitee shall be entitled to be paid all court costs and expenses, including attorneys’ fees,
incurred by Indemnitee in defense of such action (including with respect to Indemnitee’s
counterclaims and cross-claims made in such action), unless as a part of such action the court
determines that each of Indemnitee’s material defenses to such action was not made in good faith or
was frivolous.

15. Notice. All notices, requests, demands and other communications under this
Agreement shall be in writing and shall be deemed duly given (a) if delivered by hand and receipted
for by the party addressed, on the date of such receipt, or (b) if mailed by domestic certified or
registered mail with postage prepaid, on the third business day after the date postmarked.
Addresses for notice to either party are as shown on the signature page of this Agreement, or as
subsequently modified by written notice.

16. Choice of Law. This Agreement shall be governed by and its provisions construed
in accordance with the laws of the State of Delaware, as applied to contracts between Delaware
residents entered into and to be performed entirely within Delaware.

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

	 	 	 	 	 
	 	NEWPARK RESOURCES, INC. (the “Company”)

2700 Research Forest Drive, Suite 100

The Woodlands, Texas 77381

 	 
	 	By:  	/s/ Paul L. Howes
 	 
	 	 	Name:  	Paul L. Howes 	 
	 	 	Title:  	President & CEO 	 
	 

AGREED TO AND ACCEPTED:

	 	 	 
	/s/ Gregg S. Piontek
 

Gregg S. Piontek

	 	(“Indemnitee”) 

					
	 	 	 	 	 
	Gregg S. Piontek
	 	Page 7 of 7
	 	Indemnification Agreement

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