Document:

EX-10.20

 Exhibit 10.20 
  

 
  

CROSS-INDEMNITY AGREEMENT 

by and between 
 BLACK
KNIGHT FINANCIAL SERVICES, LLC 
 and 

SERVICELINK HOLDINGS, LLC 

Dated as of December 22, 2014 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE 1.
	  			
		
	 DEFINITIONS
	  	 	1	  
			
	 Section 1.1.
	 	 General
	  	 	1	  
	 Section 1.2.
	 	 Interpretation
	  	 	3	  
	
	 ARTICLE 2.
	   

		
	 INDEMNIFICATION
	  	 	4	  
			
	 Section 2.1.
	 	 Indemnification by BKFS
	  	 	4	  
	 Section 2.2.
	 	 Indemnification by SL
	  	 	4	  
	 Section 2.3.
	 	 Claim Procedure
	  	 	4	  
	 Section 2.4.
	 	 [Reserved]
	  	 	6	  
	 Section 2.5.
	 	 Limitations
	  	 	6	  
	
	 ARTICLE 3.
	   

		
	 MISCELLANEOUS
	  	 	6	  
			
	 Section 3.1.
	 	 Governing Law
	  	 	6	  
	 Section 3.2.
	 	 Jurisdiction
	  	 	6	  
	 Section 3.3.
	 	 Dispute Resolution
	  	 	7	  
	 Section 3.4.
	 	 Access to Information
	  	 	8	  
	 Section 3.5.
	 	 Notices
	  	 	9	  
	 Section 3.6.
	 	 Binding Effect and Assignment
	  	 	9	  
	 Section 3.7.
	 	 Severability
	  	 	10	  
	 Section 3.8.
	 	 Entire Agreement
	  	 	10	  
	 Section 3.9.
	 	 Counterparts
	  	 	10	  
	 Section 3.10.
	 	 Expenses
	  	 	10	  
	 Section 3.11.
	 	 Amendment
	  	 	10	  
	 Section 3.12.
	 	 Waiver
	  	 	10	  
	 Section 3.13.
	 	 Authority
	  	 	10	  
	 Section 3.14.
	 	 Construction of Agreement
	  	 	11	  
	 Section 3.15.
	 	 Termination
	  	 	11	  

  
 i 

 CROSS-INDEMNITY AGREEMENT 

This Cross-Indemnity Agreement (this “Agreement”) is entered into as of December 22, 2014, by and between Black Knight
Financial Services, LLC, a Delaware limited liability company (“BKFS”), and ServiceLink Holdings, LLC, a Delaware limited liability company (“SL”). 

RECITALS 
 WHEREAS,
BKFS and SL are parties to that certain Contribution and Reorganization Agreement, dated as of January 3, 2014, providing for, among other things, the contribution and reorganization of certain businesses into each of BKFS and SL (the
“Contribution and Reorganization”); and 
 WHEREAS, in connection with the Contribution and Reorganization, BKFS and SL desire to
indemnify each other on the terms and subject to the conditions set forth below. 
 NOW, THEREFORE, in consideration of the premises, and of
the representations, warranties, covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

ARTICLE 1. 

DEFINITIONS 

Section 1.1. General. 
 As used in
this Agreement, the following terms shall have the following meanings: 
 “Action” means any demand, action, lawsuit, countersuit,
arbitration, inquiry, proceeding or investigation by or before any Governmental Entity or any arbitration or mediation tribunal. 

“Affiliate” means, with respect to any specified Person, a Person that directly, or indirectly through one or more intermediaries,
controls, is controlled by, or is under common control with, such specified Person; provided, however, that, for purposes of this Agreement, no member of either Group shall be deemed to be an Affiliate of any member of the other Group.

 As used herein, “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the
Management and policies of such Person, whether through ownership of voting securities or other interests, by contract or otherwise. 

“Agreement” has the meaning given in the Preamble. 

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

“BKFS Business” means the business conducted by the operations of the BKFS Group prior to or following of the consummation of the
Contribution and Reorganization. 

 “BKFS Group” means BKFS and each Person that is a direct or indirect Subsidiary of BKFS
immediately following the consummation of the Contribution and Reorganization and each Person that becomes a Subsidiary of BKFS at any time after the Contribution and Reorganization. 

“BKFS Liabilities” any and all liabilities primarily relating to, arising out of, or resulting from the operation or conduct of the
BKFS Business. 
 “Business Day” means any day, other than a Saturday or Sunday, or a day on which banking institutions arc
authorized or required by law or regulation to close in Jacksonville, Florida or New York, New York. 
 “Claim Notice” has the
meaning set forth in Section 2.3(a). 
 “Claimed Amount” has the meaning set forth in Section 2.3(a). 

“Controlling Party” has the meaning set forth in Section 2.3(d)(ii). “Dispute” has the meaning set forth in
Section 3.3(a). 
 “Governmental Entity” means any court, tribunal, arbitrator or governmental or regulatory official,
authority or agency, domestic or foreign. 
 “Indemnifiable Losses” mean all losses, claims, demands, damages, liabilities,
judgments, dues, penalties, assessments, fines (civil, criminal or administrative), obligations, liens, forfeitures, settlements, payments, costs, fees or expenses (including reasonable attorneys’ fees and expenses and any other expenses
reasonably incurred in connection with investigating, prosecuting or defending an Action), of any nature or kind, including any reasonable out-of-pocket fees, costs or expenses of enforcing any indemnity hereunder; provided that
“Indemnifiable Losses” shall not include (i) any indirect, special, consequential or punitive damages except for indirect, special, consequential or punitive damages paid or awarded to a third party in a Third-Party Claim, or
(ii) any of the foregoing items to the extent caused by, resulting from or arising out of the gross negligence, willful misconduct or fraud of such Indemnitee or its Affiliates. 

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

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

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

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

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

  
 2 

 “Representatives” means, with respect to any Person, any of such Person’s
directors, officers, employees, agents, consultants, advisors, accountants or attorneys. 
 “SL Business” means the business
conducted by the operations of the SL Group prior to or following the consummation of the Contribution and Reorganization. 
 “SL
Group” means SL and each Person that is a direct or indirect Subsidiary of SL immediately following the consummation of the Contribution and Reorganization and each Person that becomes a Subsidiary of SL at any time after the Contribution and
Reorganization. 
 “SL Liabilities” any and all liabilities primarily relating to, arising out of, or resulting from the operation
or conduct of the SL Business. 
 “Subsidiary” means with respect to any specified Person, any corporation or other legal entity
of which such Person controls or owns, directly or indirectly, more than fifty percent (50%) of the stock or other equity interest entitled to vote on the election of the members of the board of directors or similar governing body. 

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

Section 1.2. Interpretation. 
 (a)
For purposes of this Agreement (including all exhibits, schedules and amendments), unless the context otherwise requires, (1) all terms defined herein include the plural as well as the singular, and the masculine, feminine or neuter gender
shall be deemed to include the others whenever the context so requires and (ii) references to any Person include successors of such Person by consolidation and merger and transferees of all or substantially all its assets (provided that
such successor has duly assumed in writing all such Person’s obligations, if any, hereunder). 
 (b) Words such as “herein,”
“hereinafter,” “hereof,” “hereto,” “hereby” and “hereunder,” and words of like import refer to this Agreement, unless the context requires otherwise. 

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

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

  
 3 

 ARTICLE 2. 

INDEMNIFICATION 
 Section 2.1.
Indemnification by BKFS. 
 BKFS shall indemnify, defend and hold harmless the SL Group from and against any and all Indemnifiable
Losses arising out of, by reason of or otherwise in connection with the BKFS Liabilities. 
 Section 2.2. Indemnification by SL. 

SL shall indemnify, defend and hold harmless the BKFS Group from and against any and all Indemnifiable Losses arising out of by reason of or
otherwise in connection with (i) the SL Liabilities and (ii) any threatened, pending or completed action, suit or proceeding, whether of a civil, criminal, administrative or investigative nature (an “Action”), in which any member
of the BKFS Group may be or may have been involved as a party or otherwise, by reason of the entity formerly known as Lender Processing Services, Inc. having been named as a defendant in any such Action and such Action arises out of or relates to
conduct attributed to the SL Business. 
 Section 2.3. Claim Procedure. 

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

(b) Response to Notice of Claim. Within 30 days after delivery of a Claim Notice, the Indemnifying Party will deliver to
the Indemnified Party a written response in which the Indemnifying Party will either: (i) agree that the Indemnified Party is entitled to receive all of the Claimed Amount, in which case the Indemnifying Party will pay the Claimed Amount in
accordance with a payment and distribution method reasonably acceptable to the Indemnified Party; or (ii) dispute that the Indemnified Party is entitled to receive all or any portion of the Claimed Amount, in which case the parties will resort
to the dispute resolution procedures set forth in Section 3.3. 
 (c) Contested Claims. In the event that the
Indemnifying Party disputes the Claimed Amount, as soon as practicable but in no event later than ten Business Days after the receipt of the notice referenced in. Section 2.3(b)(ii) hereof, the parties will begin the process of resolving the
matter in accordance with the dispute resolution provisions of Section 3.3 hereof. Upon ultimate resolution thereof, the parties will take such actions as are reasonably necessary to comply with such resolution. 

  
 4 

 (d) Third Party Claims. 

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

(ii) The party not controlling such defense (the “Non-controlling Party”) may participate therein at its own
expense; provided, however, that if-the Indemnifying Party assumes control of such defense and the Indemnified Party concludes that the Indemnifying Party and the Indemnified Party
have conflicting interests or different defenses available with respect to such Third-Party Claim, the reasonable fees and expenses of one separate counsel to all Indemnified Parties will be considered “Indemnifiable Losses” for purposes
of this Agreement, The party controlling such defense (the “Controlling Party”) will keep the Non-controlling Party reasonably advised of the status of such Third-Party Claim and the defense thereof and will consider in good faith
recommendations made by the Non-controlling Party with respect thereto. The Non-controlling Party will furnish the Controlling Party with such information as it may have with respect to such Third-Party Claim (including copies of any summons,
complaint or other pleading which may have been served on such party and any written claim, demand, invoice, billing or other document evidencing or asserting the same) and will otherwise cooperate with and assist, at no cost, the Controlling
Party in the defense of such Third-Party Claim. 
 (iii) The Indemnifying Party will not agree to any settlement of, or the
entry of any judgment arising from, any such Third-Party Claim without the prior written consent of the Indemnified Party, which consent will not be unreasonably withheld or delayed; provided, however, that the consent of the
Indemnified Party will not be required if (A) the Indemnifying Party agrees hi writing to pay any amounts payable pursuant to such settlement or judgment, (B) such settlement or judgment includes a full, complete and unconditional release
of the Indemnified Party from further liability, and (C) such settlement or judgment is only for monetary damages. The Indemnified Party will not agree to any settlement of, or the entry of any judgment arising from, any such Third-Party Claim
without the prior written consent of the Indemnifying Party, which consent will not be unreasonably withheld or delayed. 

  
 5 

 Section 2.4. [Reserved]. 

Section 2.5. Limitations. 

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

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

ARTICLE 3. 

MISCELLANEOUS 
 Section 3.1.
Governing Law. 
 THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS AND JUDICIAL DECISIONS OF
THE STATE OF FLORIDA APPLICABLE TO AGREEMENTS EXECUTED AND PERFORMED ENTIRELY WITHIN SUCH STATE, REGARDLESS OF THE LAWS THAT MIGHT OTHERWISE GOVERN UNDER APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS THEREOF. 

Section 3.2. Jurisdiction. 

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

  
 6 

 Section 3.3. Dispute Resolution. 

(a) Amicable Resolution. BKFS and SL mutually desire that friendly collaboration continue between them. Accordingly, they will try, and they
will cause their respective Group members to try, to resolve in an amicable manner all disagreements and misunderstandings connected with their respective rights and obligations under this Agreement. In furtherance thereat in the event of any
dispute or disagreement (a “Dispute”) between any BKFS Group member and any SL Group member as to the interpretation of any provision of this Agreement (or the performance of obligations hereunder), the matter, upon written request of
either party, will be referred for resolution to a steering committee established pursuant to this Section 3.3(a) (the “Steering Committee”). The Steering Committee will have two members, one of whom will be appointed by BKFS and the
other of whom will be appointed by SL, and each of whom shall be a senior executive of the party appointing the member (provided, that, in no event shall the member appointed by BKFS or SL be an employee of the other). The Steering Committee will
make a good faith effort to promptly resolve all Disputes referred to it. Steering Committee decisions will be unanimous and will be binding on BKFS and SL. If the Steering Committee does not agree to a resolution of a Dispute within 30 days after
the reference of the matter to it, then the parties will be free to exercise the remedies available to them under applicable law, subject to Sections 3.3(b) and 3.3(c). 

(b) Mediation. If the Steering Committee is unable to resolve any Dispute as contemplated by Section 3.3(a), either
BKFS or SL may demand mediation of the Dispute by written notice to the other in which case the two parties will select a mediator within 14 days after the demand. Neither party may unreasonably withhold consent to the selection of the mediator.
Each of BKFS and SL will bear its own costs of mediation but both parties will share the costs of the mediator equally. 
 (c)
Arbitration. In the event that the Dispute is not resolved in an amicable manner as set forth in Section 3.3(a) or through mediation pursuant to Section 3.3(b), the latter within 30 days of the submission of the Dispute to
mediation, either party involved in. the Dispute may submit the dispute to binding arbitration pursuant to this Section 3.3(c). All Disputes submitted to arbitration pursuant to this Section 3.3(c) shall be resolved in accordance with the
Commercial Arbitration Rules of the American Arbitration Association, unless the parties involved mutually agree to utilize an alternate set of rules, in which event all references herein to the American Arbitration Association shall be deemed
modified accordingly. Expedited rules shall apply regardless of the amount at issue. Arbitration proceedings hereunder may be initiated by either party making a written request to the American Arbitration Association, together with any appropriate
filing fee, at the office of the American Arbitration Association in Orlando, Florida. The arbitration shall be by a single qualified arbitrator (“Arbitrator”) experienced in the matters at issue, such Arbitrator to be mutually agreed upon
by BKFS and SL. If the parties fail to agree on an Arbitrator within 30 days after notice of commencement of arbitration, the American Arbitration Association shall, upon the request of any party to the dispute or difference, appoint the.
Arbitrator. All arbitration proceedings shall be held in the city of Jacksonville, Florida in a location to be specified by the Arbitrator (or any place agreed to by the parties and the  

  
 7 

 
Arbitrator). Any order or determination of the arbitral tribunal shall be final and binding upon the parties to the arbitration as to matters submitted and may be enforced by any party to the
Dispute in any court having jurisdiction over the subject matter or over any of the parties. The parties agree that the length of time to be provided in any arbitration action to conduct discovery shall be limited to 90 days, the length of time to
conduct the arbitration hearing shall be limited to ten days (with each party having equal time) and that the Arbitrator shall be required to render his or her decision within 30 days of the completion of the arbitration bearing. All costs and
expenses incurred by the Arbitrator shalt be shared equally by the parties. Each party shall bear its own costs and expenses in connection with any such arbitration proceeding. The use of any alternative dispute resolution procedures hereunder will
not be construed under the doctrines of ladies, waiver or estoppel to affect adversely the rights of either party. 
 (d)
Non-Exclusive Remedy. 
 (i) Nothing in this Section 3.3 shall prevent either BKFS or SL from commencing
formal litigation proceedings or seeking injunctive or similar relief if any delay resulting from efforts to mediate such Dispute could result in serious and irreparable injury to BKFS, SL or any member of either party’s Group. 

(ii) Nothing in this Section 3.3 shall prevent either BKFS or SL from immediately seeking injunctive or interim relief in
the event of any actual or threatened breach of any confidentiality provisions of this Agreement. If an arbitral tribunal has not been appointed with respect to any Dispute at the time of such actual or threatened breach, then either party may seek
such injunctive or interim relief from any court with jurisdiction over the matter. If an arbitral tribunal has been appointed with respect to any Dispute at the time of such actual or threatened breach, then the parties agree to submit to the
jurisdiction of state and federal courts of Duval County, Florida, pursuant to Section 3.2, with respect to such matter. 
 (e)
Commencement of Dispute Resolution Procedure. Notwithstanding anything to the contrary in this Agreement, BKFS and SL are the only members of their respective Group entitled to commence a dispute resolution procedure under this
Agreement, whether pursuant to Section 2.3, this Section 3.3 or otherwise, and each party will cause its respective Group members not to commence any dispute resolution procedure other than through such party as provided in this Section
3.3(e). 
 Section 3.4. Access to Information. 

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

  
 8 

 
normal operations of the Providing Party or any of its subsidiaries. Except as required by applicable law, all confidential information of the Providing Party so obtained by the Requesting Party
shall be kept confidential by the Requesting Party. 
 Section 3.5. Notices. 

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

If to BKFS, to: 
 Black Knight
Financial Services, LLC 
 601 Riverside Avenue 

Jacksonville, FL 32204 
 Fax :
(904) 633-3055 
 Attention: General Counsel 

If to SL, to: 
 ServiceLink
Holdings, LLC 
 601 Riverside Ave., 

Jacksonville, FL 32207 
 Fax:
(904) 633-3055 
 Attention: General Counsel 

with a copy to: 
 ServiceLink NLS,
LLC 
 1400 Cherrington Parkway 

Moon Township, PA 15142 

Attention: Legal Department 
 Section 3.6.
Binding Effect and Assignment. 
 This Agreement binds and benefits the parties and their respective successors and assigns. Neither
party may assign any of its rights or delegate any of its obligations under this Agreement without the written consent of the other party, which consent may be withheld in such party’s sole and absolute discretion, and any assignment or
attempted assignment in violation of the foregoing will be null and void. Notwithstanding the preceding sentence, either party may assign this Agreement in connection with a merger transaction in which such party is not the surviving entity or the
sale of all or substantially all of its assets. 

  
 9 

 Section 3.7. Severability. 

If any provision of this Agreement is determined to be invalid, illegal or unenforceable, the remaining provisions of this Agreement shall
remain in full force, if the essential terms and conditions of this Agreement for each party remain valid, binding and enforceable. 
 Section 3.8.
Entire Agreement. 
 This Agreement contains the entire agreement and understanding between the parties with respect to the subject
matter hereof. All prior and contemporaneous negotiations and agreements between the parties with respect to the matters contained herein are superseded by this Agreement. 

Section 3.9. Counterparts. 
 The
parties may execute this Agreement in multiple counterparts, each of which constitutes an original as against the party that signed it, and all of which together constitute one agreement. The signatures of both parties need not appear on the same
counterpart. The delivery of signed counterparts by facsimile or email transmission that includes a copy of the sending party’s signature is as effective as signing and delivering the counterpart in person. 

Section 3.10. Expenses. 
 Except as
otherwise set forth herein, each party shall bear its own costs incurred in connection with this Agreement. 
 Section 3.11. Amendment. 

The parties may amend this Agreement only by a written agreement signed by each party to be bound by the amendment and that identifies itself
as an amendment to this Agreement. 
 Section 3.12. Waiver. 

The parties may waive a provision of this Agreement only by a writing signed by the party intended to be bound by the waiver. A party is not
prevented from enforcing any right, remedy or condition in the party’s favor because of any failure or delay in exercising any right or remedy or in requiring satisfaction of any condition, except to the extent that the party specifically
waives the same in writing A written waiver given for one matter or occasion is effective only in that instance and only for the purpose stated. A waiver once given is not to be construed as a waiver for any other matter or occasion. Any enumeration
of a party’s rights and remedies in this Agreement is not intended to be exclusive, and a party’s rights and remedies are intended to be cumulative to the extent permitted by law and include any rights and remedies authorized in law or in
equity. 
 Section 3.13. Authority. 

Each party represents to the other that (a) it has the requisite power and authority to execute, deliver and perform this Agreement,
(b) the execution, delivery and performance of this 

  
 10 

 
Agreement have been duly authorized by all necessary action, (c) it has duly and validly executed and delivered this Agreement, and (d) this Agreement is a legal, valid and binding
obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and general equity principles. 

Section 3.14. Construction of Agreement. 

(a) Where this Agreement states that a party “will” or “shall” perform in some manner or otherwise act or omit to act, it
means that the party is legally obligated to do so in accordance with this Agreement. 
 (b) The captions, titles and headings, and table of
contents, included in this Agreement are for convenience only, and do not affect this Agreement’s construction or interpretation. When a reference is made in this Agreement to an Article or a Section, exhibit or schedule, such reference will be
to an Article or Section of, or an exhibit or schedule to, this Agreement unless otherwise indicated. 
 (c) Neither this Agreement nor any
uncertainty or ambiguity herein shall be construed against any party under any under any rule of construction, and no party shall be considered the draftsman. The parties acknowledge and agree that this Agreement has been reviewed, negotiated, and
accepted by all parties and their attorneys and shall be construed and interpreted according to the ordinary meaning of the words used so as fairly to accomplish the purposes and intentions of all parties hereto. 

(d) This Agreement is for the sole benefit of the parties hereto and their respective Group members and, except for the indemnification rights
of the BKFS Group and the SL Group under this Agreement, does not, and is not intended to, confer any or equitable rights, remedies or claims in favor of any Person (including any employee or equityholder of BKFS or SL) other than the parties
signing this Agreement and their respective Group members. 
 (e) The words “including,” “includes, or “include”
are to be read as listing nonexclusive examples of the matters referred to, whether or not words such as “without or “but not limited to” are used in each instance. 

Any reference in this Agreement to a “member” of a Group means a party to this Agreement or another Person referred to in the
definition of BUS Group or SL Group, as applicable. 
 Section 3.15. Termination. 

This Agreement may be terminated only by written agreement executed by both BKFS and SL. Furthermore, either party may terminate this Agreement
at any time upon written notice if the other party ceases to conduct business, becomes or is declared insolvent or bankrupt, is the subject of any proceeding relating to its liquidation or insolvency which is not dismissed within sixty
(60) days, or makes an assignment for the benefit of its creditors. 
 [signatures on following page] 

  
 11 

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

			
	BLACK KNIGHT FINANCIAL SERVICES, LLC
		
	By		 /s/ Michael L. Gravelle

	Name:		Michael L. Gravelle
	Title:		Executive Vice President, General Counsel and Corporate Secretary
	
	SERVICELINK HOLDINGS, LLC
		
	By		 /s/ Marcus A. Spatafore

	Name:		Marcus A. Spatafore
	Title:		Executive Vice President, General CounselExhibit_1010

		
			 
		

		
			 
		

		
			LEASE AGREEMENT
		

		
			 
		

		
			THIS LEASE AGREEMENT (the "Lease"), made, entered into, and effective on March 17, 2006, by and between FRANK BANKO ("Landlord") and EMBASSY BANK FOR THE LEHIGH VALLEY("Tenant").
		

		
			 
		

		
			WITNESSETH:
		

		
			 
		

		
			For and in consideration of the mutual covenants and agreements contained herein, the parties agree as follows:
		

		
			 
		

		
			ARTICLE I
		

		
			DEFINITIONS
		

		
			 
		

			
					
						1.1

					
					
						BASIC DATA SUMMARY

				

		
			 
		

		
			The following is a summary of some of the basic data set forth elsewhere in this Lease. This summary is intended to serve as a compilation of data for reference purposes only and in the event of any conflict between the terms of this summary and the remaining provisions of this Lease, the remaining provisions of this Lease shall control; notwithstanding the foregoing, capitalized terms used herein and not otherwise defined shall have the meanings set forth in this Section.
		

		
			 
		

			
					
						Leased Premises:

					
					
						The first floor of the building at the corner of 9th Avenue and West Broad Street, commonly known as 925 West Broad Street, Bethlehem, Pennsylvania, such first floor consisting as of the date of this Lease, of approximately 2,588 square feet of space. The leased premises shall also include, when constructed, a "drive through" consisting of an additional 330 square feet (the "Premises").

				

		
			 
		

			
					
						Landlord:

					
					
						Frank Banko

				

		
			 
		

			
					
						Landlord's Address:

					
					
						950 N. West End Boulevard Quakertown, PA 18951

				

		
			 
		

			
					
						Tenant:

					
					
						Embassy Bank For the Lehigh Valley

				

		
			 
		

			
					
						Tenant's Address:

					
					
						100 Gateway Drive, Suite 100 Bethlehem, PA 18017

				

		
			 
		

			
					
						Tenant's Trade Name:

					
					
						Embassy Bank

				

		
			 
		

			
					
						Use of the Premises:

					
					
						Banking offices including drive through

				

		
			 
		

			
					
						Term of Lease:

					
					
						Five (5) years, subject to renewal options as set forth below

				

		
			 
		

			
					
						Commencement Date:

					
					
						The date the Premises are delivered to Tenant for occupancy estimated to be March 31, 2006

				

		
			 
		

		
			   
		

		
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						Minimum Rental:

					
					
						$45,000.00 per annum for the initial five-year term and the first five-year renewal term, payable in monthly installments of $3,750.00 per month ($15.42 per square foot per year), with increases thereafter during the remaining renewal terms as set forth in Article IV below.

				

		
			 
		

			
					
						Leasehold Improvements:

					
					
						None to be paid or reimbursed by Landlord.   All leasehold improvements, including the cost of construction of the drive through, shall be the responsibility of and at the cost of Tenant

				

		
			 
		

			
					
						Security Deposit:

					
					
						None.

				

		
			 
		

			
					
						Tenant Expenses:

					
					
						Tenant shall pay one-half of all real estate taxes, water, sewer, garbage collection, snow removal and landscaping costs relating to the building. Tenant shall pay for all electric service to the Premises, which shall be separately metered. Tenant shall also maintain liability insurance for an amount not less than $3,000,000.00, naming Landlord as an additional insured and shall be responsible for all interior maintenance of the Premises, including replacing any broken windows.

				

		
			 
		

			
					
						Renewal Options:

					
					
						Tenant shall have four renewal options of five (5) years each and a final renewal option of four (4) years, eleven months. Such renewal options must be exercised in writing at least one hundred eighty (180) days prior to the end of the preceding term.

				

		
			 
		

		
			 
		

			
					
						1.2

					
					
						LEASE YEAR

				

		
			 
		

		
			The first year of this Lease Agreement shall commence on the Commencement Date. Each successive lease year shall commence on the same date of each year thereafter during the term of the lease and any renewal terms.
		

		
			 
		

		
			 
		

		
			ARTICLE II
		

		
			DEMISE OF PREMISES AND IMPROVEMENTS
		

		
			 
		

		
			Landlord hereby leases and demises to Tenant and Tenant hereby leases and takes from landlord the Premises upon the terms, conditions, covenants and provisions set forth herein. Landlord and Tenant hereby acknowledge and agree mat the rentable square footage of the Premises as of the date of this Lease is 2,588 square feet, not including the 330 square foot drive through to be constructed.
   
		

		
			   
		

		
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						2.1

					
					
						CONDITION OF PREMISES

				

		
			 
		

		
			Tenant hereby accepts the Premises in its "AS IS" condition. Tenant acknowledges that, except for the environmental representation set forth in paragraph 11.7 below, Landlord has made no representations or warranties whatsoever regarding the condition of the Premises or its suitability for use by Tenant.
		

		
			 
		

		
			 
		

		
			ARTICLE III
		

		
			TERM - OBLIGATION TO PAY RENT - TERMINATION
		

		
			 
		

			
					
						3.1

					
					
						TERM

				

		
			 
		

		
			This Lease Agreement shall be binding upon the parties from the date hereof, it being understood and agreed that the term of this Lease shall commence on the first day of the first lease year and shall continue, unless sooner terminated as provided herein, for a period of five (5) lease years thereafter.
		

		
			 
		

		
			Tenant shall have four (4) renewal options of five (5) years each and a fifth and final renewal option of four (4) years, eleven (11) months. Such renewal options must be exercised in writing by Tenant at least one hundred eighty (180) days prior to the end of the preceding term.
		

		
			 
		

			
					
						3.2

					
					
						TENANT'S OBLIGATION TO PAY RENT

				

		
			 
		

		
			Tenant's obligation to pay rent and all other charges set forth in Article IV hereof shall commence on the "Commencement Date". In the event any of the conditions set forth in Paragraph 13.1 below are not satisfied, and Tenant gives Landlord written notice of termination within the 120-day period, Tenant's obligation to pay rent and other charges shall cease, but Landlord shall be entitled to retain all rent and other charges paid by Tenant to Landlord to that date.
		

		
			 
		

			
					
						3.3

					
					
						ESTOPPEL AGREEMENTS

				

		
			 
		

		
			Tenant agrees that from time to time at reasonable intervals (but not more than three (3) times in any one (1) lease Year), within fifteen (15) days after written request by Landlord, Tenant will execute, acknowledge and deliver to Landlord, or to such other party as may be designated by Landlord in its reasonable discretion, a certificate stating that to the best of Tenant's knowledge (i) this Lease is in full force and effect and has not been modified, supplemented or amended in any way, except as indicated in such certificate; (ii) all conditions and agreements under this Lease to be performed by Landlord have been satisfied or performed, except as set forth in said certificate; (iii) there are no existing defenses or offsets, except as indicated in said certificate; (iv) Tenant has not paid any rental in advance, except as indicated in said certificate; (v) Tenant is not in default in the payment of rent or any of the other obligations required of Tenant under this Lease; (v) Tenant has paid minimum rentals as of the date set forth in the certificate; and (vii) other reasonable matters as may be requested by Landlord or its designee. Landlord agrees that from time to time at reasonable intervals (but not more than three (3) times in any one (1) lease year), within fifteen (15) days after written request by Tenant, Landlord will execute, acknowledge and deliver to Tenant, or to such other party as may be designated by Tenant in its reasonable discretion, a certificate stating that to the best of Landlord's knowledge (1) this Lease is in full force and effect and has not been modified, supplemented or amended in any way, except as indicated in such certificate; (b) all conditions and agreements under this Lease to be performed by Landlord have been satisfied or performed, except as set forth certificate; (c) there are no existing defenses or offsets, except as indicated in said certificate; (d) Tenant has not paid any rental in advance, except as indicated in said certificate; (e)Tenant is not in default in the payment of rent or any of the other obligations required of Tenant under this Lease; (f) Tenant has paid minimum rentals as of the date set forth in the certificate; and (g) other reasonable matters as may be requested by Tenant or its designee.
   
		

		
			   
		

		
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			ARTICLE IV
		

		
			TENANT PAYMENTS
		

		
			 
		

			
					
						4.1

					
					
						MINIMUM RENT

				

		
			 
		

		
			Tenant covenants and agrees to pay Landlord as Minimum Rent for the Premises, without demand, deduction, abatement, or setoff, except as specifically provided herein, the minimum rental as set forth in Article I above. The minimum rent shall increase to $15.75 per square foot per year in the eleventh lease year, to $16.25 per square foot in the sixteenth lease year, to $16.75 per square foot in the twenty-first lease year and to $17.25 per square foot in the twenty sixth lease year.
		

		
			 
		

		
			Minimum Rent shall be payable in advance on the first day of each full calendar month for which rental is due hereunder. Tenant shall be allowed a ten-day grace period for the payment of rent after the first day of each month before Tenant shall be in default for non-payment.
		

		
			 
		

		
			Any Minimum Rent due for a portion of a month at the beginning or end of the lease shall be pro-rated based on the number of days in such month.
		

		
			 
		

			
					
						4.2

					
					
						TAXES

				

		
			 
		

		
			Tenant agrees to pay one-half of all ad valorem real property taxes and assessments of every kind and nature assessed against the land and building which contains the Premises within ten (10) days of receipt of an invoice therefor from Landlord, which invoice shall be accompanied by documentation of Landlord's payment of the ad valorem property taxes and/or other assessments with respect to the Premises for which Landlord seeks reimbursement
		

		
			 
		

			
					
						4.3

					
					
						FIRE AND CASUALTY INSURANCE ON TENANT IMPROVEMENTS

				

		
			 
		

		
			Tenant will maintain such fire and casualty insurance coverages on its improvements made to the Premises as is reasonable for commercial properties of the size, character and nature of the Premises in an amount equal to the full replacement cost of such improvements naming Landlord and Tenant as insureds as their interests may appear. Tenant shall provide evidence of such insurance to Landlord at the commencement of the lease term and on an annual basis thereafter. Landlord shall maintain fire and casualty insurance on the building of which the Premises are a part, in an amount equal to the full replacement cost thereof and as is reasonable for commercial properties of the size, nature and character of the building.
		

		
			 
		

		
			   
		

		
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						4.4

					
					
						UTILITIES

				

		
			 
		

		
			Tenant shall immediately reimburse Landlord upon presentation of invoices therefore for one-half of all charges for any and all services to the Premises during the term of the lease for water, sewer, garbage collection, ice and snow removal and exterior landscape services. Tenant shall pay for its own use of all electricity, which shall be separately metered.
		

		
			 
		

			
					
						4.5

					
					
						LATE PAYMENTS

				

		
			 
		

		
			In the event Tenant shall fail to pay rent or other charges within ten (10) days after the date when due, then such sums shall bear interest at the highest contract rate permitted under the laws of the Commonwealth of Pennsylvania in any event not to exceed twelve (12%) percent per annum, calculated from the date due. Such interest shall be considered additional rent under the provisions hereof, the non-payment of which shall be considered a default on the part of Tenant and shall entitle Landlord to exercise all of its rights and privileges hereunder.
		

		
			 
		

		
			 
		

		
			ARTICLE V
		

		
			TENANT'S USE OF PREMISES AND REGULATIONS RELATED THERETO
		

		
			 
		

			
					
						5.1

					
					
						USE CLAUSE - REGULATIONS

				

		
			 
		

		
			Tenant shall not use the Premises or any part thereof for any purposes other than banking offices including a drive through, notwithstanding any of the foregoing to the contrary, Landlord shall not unreasonably withhold or delay its consent to any request by Tenant to use the Premises for any other purpose, provided that, such purpose shall not be considered to be a noxious or offensive use and shall be in compliance with applicable zoning and other laws. In addition to the foregoing, Tenant shall:
		

		
			 
		

			
					
						   

					
					
						(a)

					
					
						Keep the interior and exterior of the Premises and all glass, doors and windows of the Premises clean.

				

		
			 
		

			
					
						   

					
					
						(b)

					
					
						Replace promptly at Tenant's expense, with glass of a like kind and quality, any plate glass or window glass of the Premises, which may become cracked or broken.

				

		
			 
		

			
					
						   

					
					
						(c)

					
					
						Maintain the Premises at Tenant's expense in a clean, orderly and sanitary condition free of offensive odors from garbage, spoilage or the like, insects, rodents, vermin and other pests.

				

		
			 
		

		
			   
		

		
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						(d)

					
					
						Keep rubbish, garbage, trash and other refuse in proper containers in the interior of the Premises. Tenant shall place its refuse for collection in a space designated by Landlord.

				

		
			 
		

			
					
						   

					
					
						(e)

					
					
						Comply with all laws, ordinances and rules and regulations of the United States, Commonwealth of Pennsylvania, and County of Northampton or any agencies thereof to the extent the same relate to Tenant's use of the Premises, and further to comply with all recommendations of any public or private agency having authority over insurance rates with respect to Tenant's use of the Premises.

				

		
			 
		

		
			 
		

			
					
						5.2

					
					
						ALTERATIONS TO PREMISES BY TENANT

				

		
			 
		

		
			Tenant shall not alter the exterior of the Premises and/or signs, and shall not make any structural alterations, renovations or additions to the Premises or any part thereof without first obtaining Landlord's written approval of such alterations, which approval shall not be unreasonably withheld or delayed.
		

		
			 
		

			
					
						5.3

					
					
						SIGNS AND DISPLAYS

				

		
			 
		

		
			Tenant shall have the right, at Tenant's expense, to install signs at the Premises, provided the design and location must (i) be approved by Landlord, in its discretion (not to be unreasonably withheld or delayed), and (ii) comply with all applicable local governmental regulations. Tenant shall have the right to have its name displayed on any existing exterior signs identifying tenants in the building.
		

		
			 
		

			
					
						5.4

					
					
						LIENS AND OTHER

				

		
			 
		

		
			Any work performed by Tenant on the Premises shall be performed in good and workmanlike manner. Prior to the commencement of any such work by any contractor, subcontractor, laborer or materialman, Tenant shall furnish Landlord with copies of Stipulations vs. Liens signed by all such persons and provide evidence that the same have been duly recorded at the Northampton County Prothonotary's Office.
		

		
			 
		

		
			Should mechanics', materialmen's or other liens or claims thereof be filed against the Premises by reason of Tenant's acts or omissions or because of a claim against Tenant, Tenant shall use best efforts to cause the lien to be canceled and discharged of record by bond or otherwise within thirty (30) days after receipt of notice from Landlord. Should Tenant fail to cause such lien to be discharged or bonded within such time period, Tenant shall be in default hereunder, and Landlord may exercise any or all remedies available to Landlord pursuant to this Lease, or in lieu thereof, Landlord may at its option, within the sixty (60) days next following Tenant's failure and upon prior written notice to Tenant, discharge the same by paying the amount claimed to be due, and Tenant shall pay as additional rent on demand the amount so paid and all reasonable costs and expenses incurred by Landlord including reasonable attorney's fees in processing such discharge.
		

		
			 
		

		
			   
		

		
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			Tenant shall secure at its expense any and all building permits and other governmental approvals necessary in connection with any of Tenant's improvements or alterations to the Premises.
		

		
			 
		

			
					
						5.5

					
					
						INSPECTIONS BY LANDLORD

				

		
			 
		

		
			Tenant shall permit Landlord, its agents and employees to enter all parts of the Premises during business hours for the purpose of inspecting the same and enforcing and carrying out any provision hereof; provided, however, all inspections by Landlord other than in the case of an emergency, shall only be made after not less than twenty-four (24) hours written notice to Tenant and shall not unreasonably interfere with Tenant's operations at the Premises.
		

		
			 
		

		
			 
		

		
			ARTICLE VI
		

		
			REPAIRS AND MAINTENANCE
		

		
			 
		

			
					
						6.1

					
					
						MAINTENANCE AND REPAIRS

				

		
			 
		

		
			All repairs to all electric, plumbing, and other mechanical systems including the heating, ventilating and air conditioning units and systems serving the Premises (such units and systems, the "HVAC"), shall be made by Landlord. Tenant shall maintain and repair as necessary the interior of the Premises, including interior plumbing and electric fixtures and light bulb replacement. Landlord shall keep the parking lot, steps and walkways of the building free from ice and snow and shall maintain the exterior landscaping. Tenant shall not overload the floor slab, electric wiring, or utilities serving the Premises or located within the Premises and shall install at Tenant's sole expense, after first obtaining Landlord's written approval, which shall not be unreasonably withheld or delayed, any additional electric wiring which may be required by applicable law in connection with Tenant's apparatus, equipment, or fixtures. Landlord shall be responsible for the maintenance of the roof, exterior walls and parking lot.
		

		
			 
		

			
					
						6.2

					
					
						SURRENDER OF PREMISES IN PROPER REPAIR

				

		
			 
		

		
			Tenant shall surrender the Premises at the expiration of the term hereof or at such other time as Tenant may be required to vacate the Premises pursuant to the provisions hereof, broom clean, reasonable wear and tear and damage by fire or other casualty covered by the insurance provisions of this Lease, excepted, provided that Tenant shall not be required to surrender the installations, equipment and mechanical systems on or serving the Premises, including, without limitation, the HVAC, the roof, roof membrane, and roof covering in any particular repair or condition beyond the repair or condition of the same as of the date of this Lease. At the expiration or earlier termination of this Lease, Tenant shall not remove any structural alterations or structural improvements made to the Premises by Tenant, provided that Tenant shall have the right to remove, at its election all of its trade fixtures, movable equipment and furniture, ATM machines, security systems, signs, bank vaults and safety deposit boxes and Tenant shall be obligated to remove all of the same if requested to do so by Landlord. Tenant agrees to repair all damage to the Premises as a result of the removal of any of the foregoing items. Any such items that remain on the Premises after the expiration of the Lease shall be deemed to have been abandoned and shall become the property of Landlord.
		

		
			 
		

		
			   
		

		
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			ARTICLE VII
		

		
			COMMON AREAS
		

		
			 
		

		
			7.1           Tenant, its customers and employees shall have the right to use, at no additional cost to Tenant, the 587 square feet common entrance area serving both floors of the building. Tenant shall have the right, at its expense, to improve the appearance of this area.
		

		
			 
		

		
			 
		

		
			ARTICLE VIII
		

		
			INSURANCE - INDEMNITY
		

		
			 
		

			
					
						8.1

					
					
						TENANT LIABILITY INSURANCE

				

		
			 
		

		
			Tenant shall keep in force at Tenant's expense as long as this Lease remains in effect and during such other time as Tenant occupies the Premises or any part thereof, commercial general liability insurance for Tenant, Landlord and Landlord's mortgagee, if applicable, as their interests may appear covering the Premises, with companies qualified to do business in the Commonwealth of Pennsylvania in good standing therein and otherwise satisfactory to Landlord, in its reasonable discretion, with limits of (i) One Million and No/100 Dollars ($1,000,000.00), with respect to each occurrence, (ii) One Million and No/100 Dollars ($1,000,000.00) with respect to personal injury or death of a single person, and (iii) Three Million and No/100 Dollars ($3,000,000.00) general aggregate.  All insurance maintained by Tenant shall (a) be in form reasonably acceptable to Landlord, (b) name Landlord and Landlord's mortgagee, as an additional insured, and (c) contain an endorsement providing that such insurance may not be terminated or cancelled for any reason until after thirty (30) days written notice to Landlord, and, if requested by Landlord, to Landlord's mortgagee. All such insurance shall also contain a provision that no act or omission of Tenant will affect or limit the obligation of the insurer to pay on behalf of Landlord the amount of the loss sustained by, or claim made against, Landlord. Tenant shall in addition keep in force workers' compensation or similar insurance to the extent required by law. Tenant shall deposit the policy or policies of such insurance or a certificate of certificates thereof with Landlord no less than ten (10) days prior to the commencement of the term hereof. Should Tenant fail to carry or keep in force such insurance, Landlord may, upon prior written notice to Tenant, cause such insurance to be issued and in such event Tenant agrees to pay as additional rental hereunder any reasonable premium for such insurance promptly upon Landlord's written demand therefor.
		

		
			 
		

		
			   
		

		
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						8.2

					
					
						TENANT INDEMNITY

				

		
			 
		

		
			Tenant covenants, at its expense, at all times during the term hereof to defend and save Landlord, its agents, employees and contractors, harmless and indemnified from all injury, cost, liability, loss, claims, actions, expenses or damages (including, without limitation, attorney's fees) to any person or property, arising from, related to, or in any way connected with the use or occupancy of the Premises or the conduct or operation of Tenant's business, unless such injury, loss, claims, or damage are attributable to the gross negligence or intentional misconduct of Landlord, its agents or employees. Landlord and its agents and employees shall not be liable for, and Tenant waives all claims for, loss or damage to Tenant's business or damage to person or property sustained by Tenant or any other party claiming through Tenant resulting from any accident or occurrence (unless caused by or resulting from the gross negligence or intentional misconduct of Landlord) in or upon the Premises. All personal property belonging to Tenant or any other person in the Premises shall be there at the sole risk of Tenant or such other person, and neither Landlord, its agents nor employees shall be liable for any damage to, theft of misappropriation of such property, unless said employees of Landlord engage in willful misconduct or gross negligence.
		

		
			 
		

			
					
						8.3

					
					
						DELETED

				

		
			 
		

			
					
						8.4

					
					
						DAMAGE OR DESTRUCTION

				

		
			 
		

		
			In the event the Premises shall be damaged due to fire, the elements, unavoidable accident or other casualty, Landlord shall provide Tenant with an estimate of the time period required to repair or restore the Premises and shall then cause the damage to the Premises (not including Tenant's betterments or improvements) to be repaired or restored with due diligence to substantially the same condition as existed immediately prior to such damage, and this Lease shall continue in full force and effect, subject to any abatement rights of Tenant provided herein; provided, however, that Landlord shall not be required to expend in such repair more than the proceeds of insurance recovered or recoverable with respect to such damage (i.e., the full replacement cost of the Premises). Tenant shall upon written notice from Landlord promptly restore, replace or repair Tenant's betterments and improvements to the Premises and other property items required to be insured by Tenant pursuant to Section 4.3 hereof.
		

		
			 
		

		
			If the cost of restoring the Premises (not including Tenant's betterments or improvements) to their condition prior to damage shall exceed the amount recoverable in any insurance policies carried by Landlord, or if the Premises are damaged by any casualty not insured against, Landlord, in the event Tenant elects (in writing) not to make such repairs, shall have the right to terminate this Lease by giving Tenant written notice of its election to do so within thirty (30) days after the date on which the damage occurs, whereupon this Lease shall terminate as of the date on which the damage occurred and all rent payable hereunder shall be equitably adjusted as of said date. In the event Landlord fails to give such notice, this Lease shall continue, and Landlord shall cause the Premises (not including Tenant's betterments and improvements) to be repaired and restored with due diligence to substantially the same condition as existed immediately prior to such damage, and Tenant shall promptly restore, replace or repair Tenant's betterments and improvements to the Premises and other property items required to be insured by Tenant pursuant to Section 4.3 hereof.
		

		
			 
		

		
			   
		

		
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			If Tenant is unable to reasonably occupy the premises following a casualty, as long as the damage to the premises was not caused by the Tenant's gross negligence or willful misconduct, the Tenant's obligation to pay rent under this Lease shall abate during the period Tenant is unable to conduct its business on the Premises.
		

		
			 
		

		
			 
		

		
			ARTICLE IX
		

		
			TRANSFER OF TENANT'S INTEREST
		

		
			 
		

			
					
						9.1

					
					
						ASSIGNMENT AND SUBLETTING

				

		
			 
		

		
			Tenant shall not sublet the Premises in whole or in part or sell, assign, lien, encumber, or in any manner transfer this Lease or assign or delegate the management or permit the use of the Premises or any part thereof by anyone other than Tenant without the prior written consent of Landlord, which consent shall not be unreasonably withheld or delayed, provided the Tenant is not in default under the terms of this Lease Agreement. Landlord and Tenant acknowledge and agree that the foregoing provisions have been freely negotiated by the parties hereto and that Landlord would not have entered into this Lease without Tenant's consent to the terms of this Section 9.1. No assignment, transfer, mortgage, sublease or other encumbrance by Tenant and no indulgence granted by Landlord to any assignee or subtenant, shall in any way impair the continuing primary liability (which after an assignment shall be joint and several with the assignee) of Tenant hereunder, and no approval in a particular instance shall be deemed to be a waiver of the obligation to obtain Landlord's approval in any other case.
		

		
			 
		

		
			 
		

		
			ARTICLE X
		

		
			DEFAULT BY TENANT AND REMEDIES OF LANDLORD
		

		
			 
		

			
					
						10.1

					
					
						REMEDIES CUMULATIVE - EFFECT OF WAIVER

				

		
			 
		

		
			The following occurrences are "Events of Default":
		

		
			 
		

			
					
						   

					
					
						(a)

					
					
						Tenant defaults in the due and punctual payment of rent, and the default continues for ten (10) days after mailing of written notice of the default; provided however. Tenant shall be entitled to only three (3) notices per calendar year and thereafter Tenant shall be in default for failure to pay rent without the necessity of written notice from Landlord; without the necessity of written notice from Landlord;

				

		
			 
		

		
			   
		

		
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						(b)

					
					
						Tenant vacates or abandons the Premises, provided that Tenant is not obligated to continuously operate its business at the Premises so long as Tenant continues to pay any and all rent due and payable hereunder.

				

		
			 
		

			
					
						   

					
					
						(c)

					
					
						This Lease of the Premises or any part of the Premises are taken upon execution or by other process of law directed against Tenant, or are taken upon or subjected to any attachment by any creditor of Tenant or claimant against Tenant, and the attachment is not discharged within sixty (60) days after its levy;

				

		
			 
		

			
					
						   

					
					
						(d)

					
					
						Tenant files a petition in bankruptcy or insolvency or for reorganization or arrangement under the bankruptcy laws of the United States or under any insolvency act of any state, or is dissolved, or makes an assignment for the benefit of creditors;

				

		
			 
		

			
					
						   

					
					
						(e)

					
					
						Involuntary proceedings under any bankruptcy laws or insolvency act or for the dissolution of Tenant are instituted against Tenant, or a receiver or trustee is appointed for all or substantially all of Tenant's property, and the proceeding is not dismissed or the receivership or trusteeship is not vacated within sixty (60) days after the institution or appointment;

				

		
			 
		

			
					
						   

					
					
						(f)

					
					
						Tenant fails to take possession of the Premises on the Commencement Date of the term; and

				

		
			 
		

			
					
						   

					
					
						(g)

					
					
						Tenant breaches any of the other agreements, terms, covenants, or conditions that this Lease requires Tenant to perform, and the breach continues for a period of thirty (30) days after written notice by Landlord to Tenant, or such further period of time in the event it is not feasible for Tenant to cure such failure within such thirty-day period, provided that, Tenant shall have begun to perform such covenant within such period and to diligently pursue the completion of the same within a reasonable time thereafter.

				

		
			 
		

		
			If any one or more events of default set forth in this paragraph occurs, then Landlord may, at its election, either:
		

		
			 
		

		
			(a)           Terminate this Lease by written notice to Tenant, whereupon Tenant's right to possession of the Premises will cease and the Lease will be terminated. In such case, Tenant shall be liable to Landlord for damages in an amount equal to the rent and other sums that would have been owing by Tenant under this Lease for the balance of the term if this Lease had not been terminated, all of which sums shall immediately be due and payable by Tenant. In addition, if this Lease is terminated, Landlord will be entitled to recover from Tenant: (i) all of the unpaid rent and other unpaid sums to the date of termination; and (ii) any other reasonable amount necessary to compensate Landlord for any expenses and costs proximately caused by Tenant's failure to perform its obligations under this Lease or that in the ordinary course would be likely to result from that failure. Provided, however, that Landlord agrees to take commercially reasonable steps to mitigate its damages by reletting the premises and in the event Landlord is successful in doing so, Tenant shall have a right of offset for such amounts as may be received by Landlord upon such reletting.
		

		
			 
		

		
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			(b)           (1)           Re-enter and take possession of the Premises, without terminating the Lease, relet the Premises or any part of the Premises, either alone or in conjunction with other portions of the building of which the Premises are a part, in Landlord's or Tenant's name but for the account of Tenant, for such term or terms (which may be greater or less than the period that would otherwise have constituted the balance of the term of this Lease) and on such terms and conditions (which may include concessions of free rent, and the alteration and repair of the Premises) as Landlord, in its reasonable discretion, may determine. Landlord may collect and receive the rents for the Premises. Landlord will not be responsible or liable for any failure to re-let the Premises, or any part of the Premises, or for any failure to collect any rent due upon reletting, provided that Landlord shall be obligated to take commercially reasonable steps to mitigate its damages by reletting the Premises. No re-entry or taking possession of the Premises by Landlord will be construed as an election on Landlord's part to terminate this Lease unless a written notice of such intention is given to Tenant. No notice from Landlord under this Lease or under a forcible entry and detainer statute or similar law will constitute an election by Landlord to terminate this Lease unless the notice specifically says so. Landlord reserves the right following any re-entry or reletting, or both, to exercise its right to terminate this Lease by giving Tenant written notice, and, in that event, the Lease will terminate as specified in the notice.
		

		
			 
		

		
			(2)           If Landlord elects to take possession of the Premises according to this paragraph (b) without terminating the Lease, Tenant will pay Landlord the rent and other sums that would have been payable under this Lease if such repossession had not occurred, less the net proceeds, if any, of any reletting of the Premises after deducting all of Landlord's reasonable expenses incurred in connection with such reletting, including without limitation, all reasonable repossession costs, brokerage commissions, legal expenses, attorneys' fees, expenses of employees, alteration, remodeling, repair costs, and expenses of preparation for reletting. Tenant will pay such amounts to Landlord monthly on the days on which the rent and all other amounts owing under this Lease would have been payable if possession had not been retaken, and Landlord will be entitled to receive the rent and other amounts from Tenant on those days.
		

		
			 
		

		
			(c)           Suit or suits for the recovery of the rents and other amounts and damages set forth in this paragraph may be brought by Landlord, from time to time, at Landlord's election, and nothing in this Lease will be deemed to require Landlord to await the date on which the term of this Lease expires. Each right and remedy in this Lease will be cumulative and will be in addition to every other right or remedy in this Lease or existing at law or in equity or by statute or otherwise, including without limitation, suits for injunctive relief and specific performance.
		

		
			 
		

		
			   
		

		
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						10.2

					
					
						NO LANDLORD LIEN

				

		
			 
		

		
			Landlord hereby waives any and all rights to any Landlord's lien provided by law or to seize or distrain against the property of Tenant in the absence of a Court Order of Judgment authorizing Landlord to do so.
		

		
			 
		

		
			 
		

		
			ARTICLE XI
		

		
			MISCELLANEOUS
		

		
			 
		

			
					
						11.1

					
					
						BINDING

				

		
			 
		

		
			The covenants, conditions and agreements herein contained shall inure to the benefit of and be binding upon Landlord, its successors and assigns, and shall be binding upon Tenant, its successors and assigns of Tenant to whom the assignment by Tenant has been consented to by Landlord. Nothing contained in this Lease shall in any manner restrict Landlord's right to assign or encumber this Lease in its sole discretion, and it is further agreed, anything to the contrary herein contained notwithstanding, that in the event Landlord sells its interest in the Premises, Landlord shall be relieved of all further obligations hereunder (except obligations with respect to damages for which Landlord is liable hereunder) provided that the successor the Landlord expressly assumes such obligations.
		

		
			 
		

			
					
						11.2

					
					
						SUBORDINATION AND NON-DISTURBANCE

				

		
			 
		

		
			Tenant agrees that this Lease is subordinate and subject to any bona fide mortgage, deed of trust, or any other hypothecation for security which has been or which hereafter may be placed upon the Premises or property of Landlord of which they are a part. This provision is self-operative and shall not require any further documentation to evidence or effectuate this subordination. Notwithstanding the foregoing, however, Tenant agrees to execute any documents which may be required or requested by Landlord to evidence such subordination. Provided that any such superior interest holder shall not disturb Tenant's possession of the Premises and rights under the Lease so long as Tenant is not in default hereunder beyond any applicable notice or cure period.
		

		
			 
		

			
					
						11.3

					
					
						ATTORNMENT

				

		
			 
		

		
			Should Landlord assign this Lease or otherwise sell or transfer the Premises, Tenant shall be bound to said assignee or transferee under all the terms, covenants and conditions of this Lease for the balance of the term hereof remaining after such succession, and Tenant shall attorn to such succeeding party as its Landlord under this Lease promptly upon any such succession. Tenant agrees that should any party so succeeding to the interest of Landlord require a separate agreement of "Attornment Agreement", provided the same does not modify any of the provisions of this Lease, has no adverse effects upon Tenant's continued occupancy of the Premises, and provides that such assignee will not disturb Tenant's possession of the Premises and rights under the Lease (so long as Tenant is not in default beyond any applicable notice or cure period).
		

		
			 
		

		
			   
		

		
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						11.4

					
					
						RECORDING

				

		
			 
		

		
			Tenant shall not record this Lease without Landlord's prior written consent. Any such recording at the election of Landlord, shall render this Lease null and void.
		

		
			 
		

			
					
						11.5

					
					
						QUIET ENJOYMENT

				

		
			 
		

		
			Tenant shall, subject to the provisions this Lease and all matters of record on the date hereof, peaceably and quietly hold and enjoy the Premises during the term hereof and any renewal terms without hindrance or interruption by Landlord so long as Tenant performs and observes all of the terms, covenants, agreements and conditions to be performed and observed by Tenant hereunder and pays all sums due from Tenant for rent, additional rent or reimbursement for sums advanced by Landlord on Tenant's behalf in accordance with the provisions hereof.
		

		
			 
		

			
					
						11.6

					
					
						EMINENT DOMAIN

				

		
			 
		

		
			If the whole or any part of the Premises shall be taken under the power of eminent domain, whether by condemnation or friendly acquisition, this Lease shall terminate as to the part so taken on the date Tenant is required to yield possession thereof to the condemning or acquiring authority and all rent payable hereunder shall be equitably adjusted as of such date. If such eminent domain materially, adversely affects Tenant's ability to conduct a banking business on the Premises, this Lease shall terminate as of the date Tenant is obligated to yield possession. Tenant shall have no right to any award or compensation in connection with any exercise of the power of eminent domain; provided, however, nothing contained herein shall prevent Tenant from claiming, proving and receiving awards for its losses, so long as such award does not diminish the amount of any award to Landlord.
		

		
			 
		

			
					
						11.7

					
					
						ENVIRONMENTAL MATTERS

				

		
			 
		

		
			Tenant shall not cause or permit any of its employees, agents, contractor, subcontractors or any others occupying or present on the Premises to generate, manufacture, store, dispose or release on, about or under the Hazardous Material (as hereinafter defined) to be brought upon, kept, or used in or about the Premises by Tenant, its agents, employees, contractors or invitees. Tenant shall not discharge, leak, or emit, or permit to be discharged, leaked, or emitted, any material into the atmosphere, ground, sewer system, or any body of water, if that material (as is reasonably determined by the Landlord, or any governmental authority) does or may pollute or contaminate the same, or may adversely affect (a) the health, welfare, or safety of persons whether located in the Premises or elsewhere, or (b) the condition, use or enjoyment of the Premises or any other real or personal property. As used herein, the term "Hazardous Material" means (i) any "hazardous waste" as defined by the Resource Conservation and Recovery act of 1976, as amended from time to time, and the regulations promulgated thereunder; (ii) any "hazardous substance" as defined by the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended from time to time, and regulations promulgated thereunder; (iii) any oil, petroleum products, and their by-products; (iv) any substance that is or becomes regulated by any federal, state, or local governmental authority, and (v) include all hazardous and toxic substances, waste, materials, compounds, pollutants and contaminants (including without limitation, asbestos, polychlorinated biphenyls and petroleum products) which are included under or regulated by the Comprehensive Environmental Response, Compensation and Liability Act, as amended, 42 U.S.C. §9601, et seq., the Resource Conservation and Recover Act, 42 U.S.D. §6901, et seq., the Water Quality Act of 1987, 33 U.S.C. §1251, et seq., the Clean Air Act, 42 U.S.C. §7401, et seq., the Hazardous Substances Control Act of Pennsylvania, and any other federal, state, or local statute, ordinance, law, code, rule, regulation or order regulating or imposing liability (including strict liability) or standards of conduct regarding Hazardous Substances (hereinafter and hereinabove the "Environmental Laws")
		

		
			 
		

		
			   
		

		
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			Tenant further agrees that it will indemnify Landlord, its successors and assigns, and hold it harmless from and against any and all liabilities, damages, losses, costs and expenses, including reasonable attorney's fees incurred by Landlord, as a result of Hazardous Substances being brought upon, located on or removed from the Property by Tenant or as a result of violation of any of the Environmental Laws by Tenant.
		

		
			 
		

		
			Landlord represents that no portion of the Premises has been used to store, release, use, bury or deposit hazardous material during Landlord's ownership of the Premises and that to Landlord's knowledge, there are no underground storage tanks on the Premises.
		

		
			 
		

			
					
						11.8

					
					
						ENTIRE AGREEMENT

				

		
			 
		

		
			This Lease and any Exhibits attached hereto, set forth the entire agreement between parties concerning the Premises and no subsequent agreement, amendment, change or addition to this Lease shall be binding upon either party unless reduced in writing and signed by each party.
		

		
			 
		

			
					
						11.9

					
					
						ADDRESSES - NOTICES

				

		
			 
		

		
			Each provision of this instrument or of any applicable governmental laws, ordinances, regulations, or other requirements with reference to the sending, mailing, or delivery of any notice by Landlord to Tenant or with reference to these sending, mailing, or delivery of any notice or the Landlord to Tenant or with reference to these sending, mailing, or delivery of any notice or the making of any payment by Tenant to Landlord shall be deemed to be complied with when and if the following steps are taken:
		

		
			 
		

		
			   
		

		
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			(a)           All rent and other payments required to be made by Tenant to Landlord hereunder shall be payable to Landlord at the address hereinbelow set forth or at such other address as Landlord may specify from time to time by written notice delivered in accordance herewith. Tenant's obligations to pay rent and any other amounts to Landlord under the terms and of this Lease shall not be deemed satisfied until such rent and other amounts have been actually received by Landlord in immediately-available funds.
		

		
			 
		

		
			(b)           Any notice or document required or permitted to be delivered hereunder shall be deemed to be delivered whether actually received or not when deposited in the United States Mail, postage prepaid, Certified or Registered Mail, return receipt requested, addressed to the parties hereto at the respective addresses set out below, or at other such addresses as they have heretofore specified by written notice delivered in accordance therewith.
		

		
			 
		

			
					
						Landlord:

					
					
						Frank Banko

					
						950 N. West End Boulevard

					
						Quakertown, PA 18951

				
	
					
						   

					
					
						   

				
	
					
						   

					
					
						   

				
	
					
						With a copy in like manner to:

					
					
						 

				
	
					
						Tenant:

					
					
						Embassy Bank For The Lehigh Valley

					
						100 Gateway Drive, Suite 100

					
						Bethlehem, PA 18017

				
	
					
						   

					
					
						   

				
	
					
						   

					
					
						   

				
	
					
						With a copy in like manner to:

					
					
						Jacobs & Jacobs

					
						214 Bushkill Street

					
						Easton, PA 18042

				

		
			 
		

		
			 
		

			
					
						11.10

					
					
						RELATIONSHIP OF THE PARTIES

				

		
			 
		

		
			This Lease shall in no way create the relationship of partner or joint venturer between Landlord and Tenant.
		

		
			 
		

			
					
						11.11

					
					
						GOVERNING LAW

				

		
			 
		

		
			The laws of the Commonwealth of Pennsylvania shall govern the interpretation, the validity, performance and enforcement of this Lease.
		

		
			 
		

		
			   
		

		
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						11.12

					
					
						SEVERABILITY

				

		
			 
		

		
			In the event any term, covenant or condition of this Lease or the application thereof to any person or circumstance shall to any extent be invalid or unenforceable, the remainder of this Lease, or the application of such term, covenant or condition to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby, and each term, covenant or condition of this Lease shall be valid and enforceable to the full extent permitted by law.
		

		
			 
		

			
					
						11.13

					
					
						TIME OF ESSENCE

				

		
			 
		

		
			Time is of the essence in this Lease.
		

		
			 
		

		
			 
		

		
			ARTICLE XII
		

		
			SECURITY DEPOSIT
		

		
			 
		

		
			DELETED.
		

		
			 
		

		
			 
		

		
			ARTICLE XIII
		

		
			ADDITIONAL CONDITIONS AND TERMS
		

		
			 
		

		
			13.1          All of Tenant's obligations under this Lease are conditioned upon Tenant obtaining banking regulatory approvals for the operation of a branch office at the site and obtaining all required zoning, planning, highway access, building permits and other necessary governmental approvals for the construction of a bank branch office, including drive thru, and signage. All of such due diligence and approvals shall be conducted within 120 days of the signing of this Lease and shall be diligently conducted and applied for by Tenant. In the event Tenant notifies Landlord within the 120-day period that any of such contingencies have not been satisfied, this Lease Agreement shall be null and void and neither party shall have any rights against the other.
		

		
			 
		

		
			13.2          Notwithstanding any other provisions contained in this Lease, in the event (a) Tenant or its successors or assignees shall become subject to a bankruptcy case pursuant to Title 11 of the U.S. Code or similar proceeding during the term of this Lease or (b) the depository institution then operating at the Leased Premises is closed, or is taken over by any depository institution supervisory authority (hereinafter referred to as the "Authority") during the term of this Lease, Landlord may, in either such event, terminate this Lease only with the concurrence of any Receiver or Liquidator appointed by such Authority or pursuant to appropriate order of the Court with jurisdiction over such case or proceeding, or upon the expiration of the stated term of this Lease, provided that, in the event this Lease is terminated by the Receiver or Liquidator, the maximum claim of Landlord for rent, damages or indemnity for injury, resulting from the termination, rejection or abandonment of the unexpired Lease shall by law in no event exceed all accrued and unpaid Minimum Rent and Additional Rent to the date of termination.
		

		
			 
		

		
			   
		

		
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			13.3          Tenant shall have the use of not less than six off-street parking spaces in the parking lot serving the building at no additional cost.
		

		
			 
		

		
			 
		

		
			 IN WITNESS WHEREOF, the parties hereto have duly executed this instrument in quadruplicate, individually or through their authorized officers, agents or attorney-in-fact, as the case may be or required, with the intent to be legally bound hereby, causing their respective seals to be affixed hereto the day and year first above written.
		

		
			 
		

			
					
						   

					
					
						 

					
					
						LANDLORD:

				
	
					
						   

					
					
						 

					
					
						   

				
	
					
						/s/ Frank Banko

					
					
						 

					
					
						By

					
					
						/s/ Frank Banko

				
	
					
						   

					
					
						 

					
					
						   

					
					
						Frank Banko

				
	
					
						   

					
					
						 

					
					
						   

					
					
						   

				
	
					
						   

					
					
						 

					
					
						   

					
					
						   

				
	
					
						Attest:

					
					
						 

					
					
						TENANT:

				
	
					
						   

					
					
						 

					
					
						EMBASSY BANK FOR THE LEHIGH VALLEY

				
	
					
						   

					
					
						 

					
					
						   

					
					
						   

				
	
					
						   

					
					
						 

					
					
						By

					
					
						/s/ David M. Lobach Jr.

				
	
					
						/s/ Judith A. Hunsicker

					
					
						 

					
					
						   

					
					
						Name: David M. Lobach Jr.

				
	
					
						Secretary

					
					
						 

					
					
						   

					
					
						Title: CEO

				

		
			 
		

		
			 
		

		
			18

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