Document:

Stock Purchase Agreement

 Exhibit 10.1 
 EXECUTION VERSION 
 PURCHASE AGREEMENT 
 Dated as of February 2, 2007 
 by and between 
 NATIONWIDE FINANCIAL SERVICES, INC. 
 and

 NATIONWIDE CORPORATION 

					
	 ARTICLE I
	 	   CERTAIN DEFINITIONS
	  	5
			
	 1.1
	 	 Definitions
	  	5
			
	 ARTICLE II
	 	   PURCHASE AND SALE; CLOSING; DETERMINATION OF PURCHASE PRICE
	  	12
			
	 2.1
	 	 Purchase and Sale
	  	12
	 2.2
	 	 Closing
	  	12
	 2.3
	 	 Purchase Price
	  	12
	 2.4
	 	 Determination of Estimated Purchase Price
	  	13
	 2.5
	 	 Determination of Purchase Price.
	  	13
	 2.6
	 	 Adjustment
	  	15
			
	 ARTICLE III
	 	   REPRESENTATIONS AND WARRANTIES OF NW CORP.
	  	15
			
	 3.1
	 	 Capacity of NW Corp
	  	15
	 3.2
	 	 Authority Relative to this Agreement
	  	15
	 3.3
	 	 No Violation
	  	16
	 3.4
	 	 Organization, Qualification of the Applicable Entities
	  	16
	 3.5
	 	 No Subsidiaries of Applicable Entities; Investments
	  	16
	 3.6
	 	 Capitalization of Applicable Entities; Title to the Interests
	  	16
	 3.7
	 	 Employment and Employee Benefits Matters; Severance
	  	17
	 3.8
	 	 No Conflict; Government Filings
	  	18
	 3.9
	 	 Financial Statements
	  	19
	 3.10
	 	 Sufficiency of Assets
	  	20
	 3.11
	 	 Compliance with Laws; Permits.
	  	20
	 3.12
	 	 Litigation
	  	21
	 3.13
	 	 Labor Relations and Employment
	  	21
	 3.14
	 	 Broker’s or Finder’s Fees
	  	22
	 3.15
	 	 Non-Acquisition Assets and Liabilities
	  	22
			
	 ARTICLE IV
	 	   REPRESENTATIONS AND WARRANTIES OF NFS
	  	22
			
	 4.1
	 	 Capacity of NFS
	  	22
	 4.2
	 	 Validity and Execution of Agreement
	  	22
	 4.3
	 	 No Conflict
	  	22
	 4.4
	 	 Broker’s or Finder’s Fees
	  	23
	 4.5
	 	 Litigation
	  	23
	 4.6
	 	 Investment Representation
	  	23
	 4.7
	 	 No Disqualification
	  	23
	 4.8
	 	 Safe Harbor
	  	23
	 4.9
	 	 Financing
	  	23
			
	 ARTICLE V
	 	   PRE-CLOSING COVENANTS OF NW CORP.
	  	24
			
	 5.1
	 	 General
	  	24

					
	 5.2
	 	 Notices and Consents
	  	24
	 5.3
	 	 Conduct of Business
	  	24
	 5.4
	 	 Notice of Developments
	  	25
	 5.5
	 	 Exclusivity
	  	25
	 5.6
	 	 Maintenance of Records
	  	25
	 5.7
	 	 Compliance with Laws
	  	25
	 5.8
	 	 NWD Fund Consents.
	  	25
	 5.9
	 	 Proxy Materials; Supplemental Prospectuses.
	  	26
	 5.10
	 	 Transfer of the Gartmore SA Transferred Assets and Assumption of Gartmore SA Assumed Liabilities.
	  	27
	 5.11
	 	 Conversion of Gartmore Distribution Services; Merger of Gartmore Investors Services; Gartmore MF Capital Trust Tax Election.
	  	27
	 5.12
	 	 Transition Services Agreement
	  	28
	 5.13
	 	 2006 Audited Financials
	  	28
	 5.14
	 	 River Road Sublease
	  	28
			
	 ARTICLE VI
	 	   PRE-CLOSING COVENANTS OF NFS
	  	29
			
	 6.1
	 	 General
	  	29
	 6.2
	 	 Notice of Developments
	  	29
	 6.3
	 	 Notices and Consents
	  	29
	 6.4
	 	 Proxy Materials; Supplemental Prospectuses
	  	29
			
	 ARTICLE VII
	 	   CONDITIONS TO OBLIGATIONS OF NW CORP.
	  	29
			
	 7.1
	 	 Accuracy of Representations and Warranties
	  	29
	 7.2
	 	 Performance by NFS
	  	30
	 7.3
	 	 Legal Challenge
	  	30
	 7.4
	 	 Approvals; No Prohibition
	  	30
			
	 ARTICLE VIII
	 	   CONDITIONS TO OBLIGATIONS OF NFS
	  	30
			
	 8.1
	 	 Accuracy of Representations and Warranties
	  	30
	 8.2
	 	 Performance by NW Corp
	  	30
	 8.3
	 	 Legal Challenge
	  	30
	 8.4
	 	 Approvals; No Prohibition
	  	30
	 8.5
	 	 Transfer of the Gartmore SA Transferred Assets
	  	31
	 8.6
	 	 NWD Fund Consents
	  	31
	 8.7
	 	 No NWD Material Adverse Effect
	  	31
	 8.8
	 	 Gartmore Distribution Services Conversion and Gartmore Investors Services Merger
	  	31
			
	 ARTICLE IX
	 	   ACTIONS AT THE CLOSING BY NW CORP.
	  	31
			
	 9.1
	 	 Closing Deliveries of NW Corp
	  	31

  

 2 

					
	 ARTICLE X
	 	   ACTIONS AT THE CLOSING BY NFS
	  	32
			
	 10.1
	 	 Closing Deliveries of NFS
	  	32
			
	 ARTICLE XI
	 	   TAX MATTERS
	  	32
			
	 11.1
	 	 Payment of Transaction Taxes
	  	32
	 11.2
	 	 Cooperation
	  	32
	 11.3
	 	 Indemnification
	  	32
	 11.4
	 	 Tax Returns
	  	33
	 11.5
	 	 Taxes for Short Taxable Year
	  	33
	 11.6
	 	 Tax Treatment; Allocation of the Purchase Price.
	  	33
	 11.7
	 	 Contest Provisions
	  	34
			
	 ARTICLE XII
	 	   TERMINATION AND REMEDIES
	  	35
			
	 12.1
	 	 Termination of Agreement
	  	35
			
	 ARTICLE XIII
	 	   GENERAL SURVIVAL; INDEMNIFICATION; ADDITIONAL AGREEMENTS
	  	35
			
	 13.1
	 	 Survival of Representations
	  	35
	 13.2
	 	 Indemnification
	  	36
	 13.3
	 	 Permitted Dividend
	  	38
	 13.4
	 	 Disposition of Non-Acquisition Assets.
	  	38
	 13.5
	 	 Certain Seed Capital Investments
	  	40
	 13.6
	 	 Section 15(f) of the Investment Company Act
	  	40
	 13.7
	 	 WARN Act; Employee Matters
	  	40
			
	 ARTICLE XIV
	 	   GENERAL PROVISIONS
	  	41
			
	 14.1
	 	 Expenses
	  	41
	 14.2
	 	 Execution in Counterparts; Binding Effect
	  	41
	 14.3
	 	 Governing Law
	  	41
	 14.4
	 	 Notices
	  	41
	 14.5
	 	 Titles and Headings; Interpretation
	  	42
	 14.6
	 	 Successors and Assigns
	  	43
	 14.7
	 	 No Third Party Beneficiaries
	  	43
	 14.8
	 	 Entire Agreement
	  	43
	 14.9
	 	 Waivers and Amendments
	  	43
	 14.10
	 	 Severability
	  	43
	 14.11
	 	 Confidentiality and Announcements
	  	43
	 14.12
	 	 Books and Records
	  	44
	 14.13
	 	 Waiver of Jury
	  	44
	 14.14
	 	 Specific Performance
	  	44
			
	 Exhibit A
	 	 List of Non-Acquisition Funds
	  	
	 Exhibit B
	 	 List of NWD Funds
	  	

  

 3 

 PURCHASE AGREEMENT 
 THIS PURCHASE AGREEMENT (together with the Disclosure Schedule and Exhibits hereto, the “Agreement”) is made and entered into as of this 2nd day of February, 2007, by and between
Nationwide Financial Services, Inc., a Delaware corporation (“NFS”), and Nationwide Corporation, an Ohio corporation (“NW Corp.”). 
 WHEREAS, NW Corp. currently owns indirectly (i) all of the outstanding capital stock of NWD Investment Management, Inc. (f/k/a Gartmore Global Investments, Inc.), a Delaware corporation
(“NWD”), and (ii) all of the outstanding capital stock of Nationwide Asset Management, Inc. (f/k/a Gartmore Global Asset Management, Inc.), a Delaware corporation (“NW Asset Management”) (each of NWD and NW
Asset Management sometimes being referred to individually as a “Seller” and collectively as “Sellers”); 
 WHEREAS, NWD currently owns (i) all of the beneficial interests in Gartmore Mutual Fund Capital Trust, a Delaware statutory trust (“Gartmore MF Capital Trust”), and (ii) all of the
beneficial interests in Gartmore SA Capital Trust, a Delaware statutory trust (“Gartmore SA”); 
 WHEREAS,
NW Asset Management currently owns (i) all of the outstanding capital stock of Gartmore Distribution Services, Inc., a Delaware corporation (“Gartmore Distribution Services”), and (ii) all of the outstanding capital stock
of Gartmore Investors Services, Inc., an Ohio corporation (“Gartmore Investors Services”); 
 WHEREAS, NW
Corp. desires that (i) NWD sell to NFS all of the Gartmore MF Capital Trust Interests (as defined herein) and (ii) NW Asset Management sell to NFS all of the Gartmore Distribution Services LLC Interests (as defined herein) and all of the
Gartmore Investors Services LLC Interests (as defined herein), and NFS desires to purchase all of the Gartmore MF Capital Trust Interests, the Gartmore Distribution Services LLC Interests and the Gartmore Investors Services LLC Interests
(collectively, the “Interests”), all on the terms and subject to the conditions set forth herein; 
 WHEREAS, a Special Committee of the Board of Directors of NFS has recommended to the NFS Board of Directors, and the NFS Board of Directors has approved as being in the best interests of NFS and its stockholders, the purchase of the
Interests and all of the transactions contemplated by this Agreement; and 
 WHEREAS, a Special Committee of the Board of
Directors of NW Corp. has recommended to the NW Corp. Board of Directors, and the NW Corp. Board of Directors has approved as being in the best interests of NW Corp. and its stockholders, the sale of the Interests and all of the transactions
contemplated by this Agreement. 
 NOW, THEREFORE, in consideration of the premises and the mutual terms, conditions, and
other agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the parties agree as follows: 
  

 4 

 ARTICLE I 
 CERTAIN DEFINITIONS 
 1.1 Definitions. As used in this Agreement, the
following terms shall have the meanings set forth below (definitions are applicable to both the singular and plural forms of each term defined in this Section): 
 “2006 Balance Sheet” means the consolidated unaudited balance sheet of NWD and its Subsidiaries as of December 31, 2006. 
 “2006 Financial Statements” has the meaning set forth in Section 3.9(a). 
 “2006 Pro Forma Balance Sheet” has the meaning set forth in Section 3.9(c). 
 “Accounting Firm” has the meaning set forth in Section 2.5(d). 
 “Active Management Severance Obligations” has the meaning set forth in Section 3.7(f). 
 “Affected Employees” means Employees immediately prior to the Closing Date. 
 “Affiliate” means a Person that, directly or indirectly, through one or more intermediaries, controls, is controlled by,
or is under common control with another Person or beneficially that owns or has the power to vote or direct the vote of ten percent (10%) or more of the voting stock (or any other form of general partnership, limited partnership, or voting
equity interest in the case of a Person that is not a corporation) of such Person; provided, however, that for purposes of this definition NW Corp. and NFS shall not be deemed “Affiliates” of one another. For purposes of this
definition, “control”, including the terms “controlling” and “controlled”, means the power to direct the management and policies of a Person, directly or indirectly, whether through the ownership of voting securities,
by contract or credit agreement, as trustee, partner, or executor or otherwise. 
 “After-Tax Basis” means,
with respect to any amount which is to be paid hereunder on an “After-Tax Basis,” an amount which, after subtraction of the amount of all federal, state and non-U.S. Taxes payable by the recipient thereof as a result of the receipt or
accrual of such payment, and after taking into account (i) the increase in federal, state and non-U.S. Taxes (including estimated Taxes) payable by such recipient for all affected taxable years as a result of the event or occurrence giving rise
to such payment (the “Indemnified Event”), and (ii) the reduction in federal, state and non-U.S. Taxes (including estimated Taxes) payable by the recipient for all taxable years ending on or before the end of the taxable year
in which such payment is made, shall be sufficient as of the date of payment to compensate the recipient for such Indemnified Event. 
 “Agreed Adjustment” has the meaning set forth in Section 2.5(c). 
 “Agreed Rate” means the prime rate published by The Wall Street Journal, as that rate may vary from time to time. 
 “Agreed Procedures Report” has the meaning set forth in Section 2.5(a)(i). 
  

 5 

 “Agreement” has the meaning set forth in the preamble to this Agreement.

 “Allocation Schedule” has the meaning set forth in Section 11.6(b). 
 “Applicable Entities” means each of Gartmore MF Capital Trust, Gartmore Distribution Services and Gartmore Investors
Services. 
 “Appraisal” has the meaning set forth in Section 11.6(c). 
 “Appraiser” has the meaning set forth in Section 11.6(c). 
 “Assets” means, as to a Person, all rights, titles, franchises, and interests in and to every species of property, real,
personal, and mixed, and choses in action thereunto and all other assets whatsoever, tangible or intangible, of such Person. 
 “AUM Measurement Date” has the meaning set forth in Section 8.6. 
 “Basket” has the meaning set forth in Section 13.2(d). 
 “Business”
means, as to a Person, the business, operations, activities, and affairs of such Person. 
 “Business Day”
means any day other than Saturday, Sunday, or other day on which banks are authorized or required to be closed by Law in Columbus, Ohio. 
 “Cap” has the meaning set forth in Section 13.2(d). 
 “Client” of a Person means any other Person to which such Person provides investment management or investment advisory services, including any sub-advisory services, relating to securities or other financial instruments,
commodities, real estate or any other type of Asset, pursuant to an Investment Advisory Arrangement. 
 “Closing” has the meaning set forth in Section 2.2. 
 “Closing Date”
has the meaning set forth in Section 2.2. 
 “Code” means the Internal Revenue Code of 1986, as
amended, and the rules and regulations promulgated thereunder. 
 “Company Group” means any “affiliated
group” (as defined in Section 1504(a) of the Code without regard to the limitations contained in Section 1504(b) of the Code) that, at any time on or before the Closing Date, includes or has included any of the Applicable Entities or
any predecessor of or successor to any of the Applicable Entities (or another such predecessor or successor), or any other group of corporations that, at any time on or before the Closing Date, files or has filed Tax Returns on a combined,
consolidated or unitary basis with any of the Applicable Entities or any predecessor of or successor to any of the Applicable Entities (or another such predecessor or successor). 
  

 6 

 “Confidentiality Agreement” means the Confidentiality Agreement dated
November 10, 2006 between NFS and NW Corp. 
 “Consent or Filing” has the meaning set forth in
Section 3.8. 
 “Constitutive Documents” means, with respect to any Person that is an entity,
such Person’s articles or certificate of incorporation and its bylaws, or similar organizational documents. 
 “Covered Expenses” has the meaning set forth in Section 14.1. 
 “Cut-Off
Date” has the meaning set forth in Section 13.1(a). 
 “Damages” has the meaning set
forth in Section 13.2(a). 
 “Disclosure Schedule” means the schedules of even date herewith
containing various disclosures by NW Corp. and NFS, as the case may be, and with respect to the representations and warranties of, or other information provided by, NW Corp. and NFS, as the case may be, as set forth in this Agreement. 
 “Employees” has the meaning set forth in Section 3.7(a). 
 “Employee Plans” has the meaning set forth in Section 3.7(a). 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 
 “Estimated Purchase Price” means the Purchase Price, as defined herein, but determined on an estimated basis by Sellers
in good faith and as reflected in the certificate referred to in Section 2.4. 
 “Estimated Valuation
Date Balance Sheet” means an estimated, unaudited pro forma combined balance sheet of the Applicable Entities as of the Valuation Date (after giving effect to the elimination of Assets and Liabilities primarily related to the
Non-Acquisition Assets and to the sale, transfer, assignment, conveyance and delivery to Gartmore Investors Services of the Gartmore SA Transferred Assets and the assumption by Gartmore Investors Services of the Gartmore SA Assumed Liabilities as
contemplated by Section 5.10) prepared in good faith using the then most recently available financial information and using (i) the same financial and accounting methods and procedures used to prepare the GAAP Financial Statements,
unless such methods and procedures are inconsistent with GAAP, in which case the required GAAP methods and procedures shall be used, and (ii) using such allocations and other methodologies as are necessary to reflect the carve-out of the
Applicable Entities from their affiliated entities, which allocations and methodologies shall be reasonably agreed to by the Parties. 
 “Final Tangible Stockholders’ Equity” means the unaudited pro forma combined equity, less goodwill, deferred taxes, deferred commissions and any other asset classified as an intangible Asset on
the 2006 Pro Forma Balance Sheet plus any income tax payable, of the Applicable Entities on the Valuation Date based on the Valuation Date Balance Sheet prepared pursuant to Section 2.5. 
  

 7 

 “Fund Board” means the board of directors or trustees (or Persons
performing similar functions) of any NWD Fund. 
 “GAAP” means United States generally accepted accounting
principles. 
 “GAAP Financial Statements” has the meaning set forth in Section 3.9(a).

 “Gartmore Distribution Services” has the meaning set forth in the third recital to this Agreement;
provided, that after the consummation of Gartmore Distribution Services Conversion, Gartmore Distribution Services means Gartmore Distribution Services, LLC. 
 “Gartmore Distribution Services Conversion” has the meaning set forth in Section 5.11(a). 
 “Gartmore Distribution Services LLC Interests” means all of the limited liability company interests of Gartmore Distribution Services LLC outstanding after giving effect to the
Gartmore Distribution Services Conversion. 
 “Gartmore Investors Services” has the meaning set forth in the
third recital to this Agreement; provided, that after the consummation of Gartmore Investors Services Merger, Gartmore Investors Services means Gartmore Investors Services, LLC. 
 “Gartmore Investors Services LLC Interests” means all of the limited liability company interests of Gartmore Investors
Services LLC outstanding after giving effect to the Gartmore Investors Services Merger. 
 “Gartmore Investors
Services Merger” has the meaning set forth in Section 5.11(b). 
 “Gartmore MF Capital
Trust” has the meaning set forth in the second recital to this Agreement. 
 “Gartmore MF Capital Trust
Interests” means all of the outstanding units of beneficial interests in Gartmore MF Capital Trust. 
 “Gartmore SA” has the meaning set forth in the second recital to this Agreement. 
 “Gartmore SA Assumed Liabilities” has the meaning set forth in Section 5.10(b). 
 “Gartmore SA Transferred Assets” has the meaning set forth in Section 5.10(a). 
 “Governmental Entity” means any court, executive office, legislature, any governmental agency, commission, or administrative or regulatory authority or instrumentality, domestic or foreign, or any Self-Regulatory
Organization. 
 “Indemnified Party” has the meaning set forth in Section 13.2(c). 

“Indemnifying Party” has the meaning set forth in Section 13.2(c). 
 “Interests” has the meaning set forth in the fourth recital to this Agreement. 
  

 8 

 “Investment Advisory Arrangement” means any written or oral contract,
agreement, arrangement or understanding (together with all amendments, modifications or supplements thereto) under which a Person acts as an investment adviser or sub-adviser to, or manages any investment or trading account of, any Client.

 “Investment Company Act” means the Investment Company Act of 1940, as amended, and the rules and
regulations promulgated thereunder by the SEC. 
 “IRS” means the United States Internal Revenue Service.

 “Knowledge of NFS” or words to that effect mean the actual knowledge of any of the following persons:
Mark R. Thresher, Timothy G. Frommeyer, Michael C. Butler, Roger A. Craig and Steve Savini. 
 “Knowledge of NW
Corp.” or words to that effect mean the actual knowledge of any of the following persons: Robert A. Rosholt, Patricia R. Hatler, John H. Grady, Harry H. Hallowell, Eric E. Miller, Douglas Castagna, Gerald J. Holland, and Gerald T. Nichols.

 “Law” means any law, statute, ordinance, rule, code, or regulation enacted or promulgated, or Order
issued or rendered, by any Governmental Entity. 
 “Liability” means a liability, obligation, claim,
penalty, fine, Lien, loss, cost, expense, or cause of action (of any kind or nature whatsoever, whether absolute, accrued, contingent, or otherwise, and whether known or unknown). 
 “License” means a license, certificate of authority, franchise, permit, or other authorization to transact business or
needed to transact business, whether granted by a Governmental Entity or other Person. 
 “Lien” means any
lien, pledge, mortgage, deed of trust, warrant, security interest, lease, charge, option, right of first refusal, easement, adverse claim, encroachment, servitude, transfer restriction under any shareholder or similar agreement, or any encumbrance.

 “NFS” has the meaning set forth in the preamble to this Agreement. 
 “NFS Material Adverse Effect” means any material adverse effect on the Business, Assets, Liabilities, financial
condition, or results of operations of NFS and its Subsidiaries taken as a whole. 
 “NLRB” means the
National Labor Relations Board. 
 “Non-Acquisition Asset Sale” has the meaning set forth in
Section 13.4(a). 
 “Non-Acquisition Assets” means all of the Business, properties, Assets and
Liabilities of the Applicable Entities listed on Section 1.1 of the Disclosure Schedule. 
 “Non-Acquisition Funds” means the pooled investment vehicles (including each portfolio or series thereof, if applicable) set forth on Exhibit A hereto. 
  

 9 

 “NW Asset Management” has the meaning set forth in the first recital to
this Agreement. 
 “NW Corp.” has the meaning set forth in the preamble to this Agreement. 
 “NWD” has the meaning set forth in the first recital to this Agreement. 
 “NWD Fund Consents” has the meaning set forth in Section 5.8(a). 
 “NWD Funds” means each of the pooled investment vehicles (including each portfolio or series thereof, if any) for which
an Applicable Entity acts as investment adviser, investment sub-adviser, sponsor or manager, all of which pooled investment vehicles are listed on Exhibit B hereto and all of which are registered under the Investment Company Act. 

“NWD Material Adverse Effect” means any material adverse effect on the Business, Assets, Liabilities, financial
condition, or results of operations of the Applicable Entities taken as a whole; provided, however, that in determining whether a NWD Material Adverse Effect has occurred there shall be excluded any effect to the extent attributable to
or resulting from (A) any change in Laws or interpretations of Laws, (B) any required change in GAAP or regulatory accounting requirements or application thereof, (C) events, conditions or trends in economic, business or financial
conditions generally or affecting the investment management industry (including changes in interest rates and changes in the markets for securities), (D) changes in national or international political or social conditions, including the
engagement by the United States in hostilities, whether or not pursuant to the declaration of a national emergency or war, or the occurrence of any military or terrorist attack upon or within the United States, or any of its territories, possession
or diplomatic or consular offices or upon any military installation, equipment or personnel of the United States, (E) actions or omissions of NW Corp. and the Applicable Entities taken with the prior written consent of NFS and (F) any
change, effect, event or occurrence arising out of the announcement of the execution and delivery of this Agreement or the performance of this Agreement and the transactions contemplated hereby, including any expenses incurred in connection
herewith, to the extent, with respect to clauses (C) and (D) only, such effects do not disproportionately impact the Applicable Entities compared to other industry participants. 
 “Order” means an order, writ, ruling, judgment, directive, injunction, or decree of any arbitrator or Governmental
Entity. 
 “Permitted Dividend” has the meaning set forth in Section 13.3. 
 “Person” means an individual, corporation, partnership, association, joint stock company, limited liability company,
Governmental Entity, business trust, unincorporated organization, or other legal entity. 
 “Preliminary Accounting
Report” has the meaning set forth in Section 2.5(a). 
 “Preliminary Allocation
Schedule” has the meaning set forth in Section 11.6(b). 
 “Preliminary Purchase Price”
has the meaning set forth in Section 2.5(a). 
  

 10 

 “Preliminary Valuation Date Balance Sheet” has the meaning set forth in
Section 2.5(a). 
 “Purchase Price” has the meaning set forth in Section 2.3.

 “Returns” means any returns, reports, statements, notices, forms or other documents or information
required to be filed with any Taxing Authority in connection with the determination, assessment, collection, or payment of any Taxes or in connection with the administration, implementation, or enforcement of or compliance with any legal requirement
relating to any Taxes. 
 “Revised Allocation Schedule” has the meaning set forth in
Section 11.6(d). 
 “River Road Lease” has the meaning set forth in Section 5.14.

 “Sale Documents” has the meaning set forth in Section 13.4(b). 
 “Sale Period” has the meaning set forth in Section 13.4(b). 
 “SEC” means the United States Securities and Exchange Commission. 
 “Self-Regulatory Organization” means the NASD, the NYSE, the AMEX, the MSRB, the Chicago Stock Exchange, the Chicago
Mercantile Exchange, the Chicago Board of Trade, the Cincinnati Stock Exchange, the Minneapolis Grain Exchange, the New York Futures Exchange, the Philadelphia Stock Exchange, or any other commission, board, agency, or body that is not otherwise a
governmental authority but is charged with the supervision or regulation of brokers, dealers, securities underwriting or trading, stock exchanges, commodities exchanges, insurance companies or agents, investment companies, or investment advisers, or
to the jurisdiction or supervision of which any of the Applicable Entities are otherwise subject. 
 “Seller” and “Sellers” have the meanings specified in the second recital to this Agreement. 
 “Seller Ancillary Agreements” means all agreements, instruments and documents being or to be executed and delivered by NW Corp., Gartmore SA or either Seller or an Affiliate of any of them under this
Agreement or in connection herewith. 
 “Straddle Period” means any taxable year or period beginning on or
before and ending after the Closing Date. 
 “Subsidiary” means, with respect to any Person on a given date,
any other Person of which a majority of the voting power of the equity securities or equity interests is owned directly or indirectly by such Person. 
 “Taxes” means all taxes, charges, fees, levies or like other assessments (whether federal, state, local, or foreign) based upon or measured by income and any other tax whatsoever, including gross
receipts, profits, premium, sales, use, occupation, value added, ad valorem, transfer, franchise, withholding, payroll, employment, unemployment, excise, windfall profits, transfer, license, occupation, or property taxes, together with any interest,
penalties or additions 

  

 11 

 
to tax resulting from, attributable to, or incurred in connection with any such taxes or any contest or dispute thereof. 
 “Taxing Authority” means a taxing authority of the United States of America, any state thereof or the District of
Columbia, any local governmental subdivision thereof, and any foreign government. 
 “Termination Date” has
the meaning set forth in Section 12.1(b). 
 “Transition Services Agreement” has the meaning set
forth in Section 5.12. 
 “Valuation Date” means the close of business on the last day of the
month preceding the month in which the Closing Date occurs, unless the Closing Date is the last day of any month, then the Valuation Date shall be the close of business on the Closing Date. 
 “Valuation Date Balance Sheet” has the meaning set forth in Section 2.5(b). 
 “WARN Act” has the meaning set forth in Section 13.7. 
 ARTICLE II 
 PURCHASE AND SALE;
CLOSING; DETERMINATION OF PURCHASE PRICE 
 2.1 Purchase and Sale. On the terms and subject to the conditions set
forth in this Agreement, on the Closing Date, NW Corp. shall cause (i) NWD to sell, transfer, assign, convey and deliver to NFS all of the Gartmore MF Capital Trust Interests and (ii) NW Asset Management to sell, transfer, assign, convey
and deliver to NFS all of the Gartmore Distribution Services LLC Interests and all of the Gartmore Investors Services LLC Interests, and NFS shall purchase and accept (x) from NWD, the Gartmore MF Capital Trust Interests and (y) from NW
Asset Management, the Gartmore Distribution Services LLC Interests and the Gartmore Investors Services LLC Interests. 
 2.2
Closing. The consummation of the sale of the Interests (the “Closing”) shall be effective at 9:00 a.m., New York time, on the fifth (5th) Business Day after all conditions to the respective obligations of the parties set
forth in Articles VII and VIII have been satisfied or waived (with the effective date and time being referred to herein as the “Closing Date”). The physical transfer and delivery of the Interests will occur at 8:00
a.m., Chicago time, on the Closing Date, at the offices of Sidley Austin LLP, One South Dearborn Street, Chicago, Illinois 60603, or at such other time, date and place as shall be mutually agreed upon by the parties. Each party hereto agrees to use
its reasonable best efforts promptly to satisfy the conditions to the Closing to be satisfied by it in order to expedite the Closing. Subject to fulfillment or waiver (where permissible) of the conditions set forth in Articles VII and
VIII, at the Closing and concurrently with the physical transfer and delivery of the Interests, NFS shall pay NW Corp., as agent for Sellers, an amount equal to the Estimated Purchase Price by wire transfer of immediately available funds to
the bank account or accounts specified by NW Corp. 
 2.3 Purchase Price. The purchase price for the Interests (the
“Purchase Price”) shall be determined in accordance with Section 2.5 and shall be equal to the sum of: 
  

 12 

	 	 (i)
	 $225,000,000 (Two Hundred Twenty-Five Million Dollars), plus, 

  

	 	 (ii)
	 the amount by which Final Tangible Stockholders’ Equity exceeds zero, or, minus, 

  

	 	 (iii)
	 the amount by which Final Tangible Stockholders’ Equity is less than zero. 

 2.4 Determination of Estimated Purchase Price. At least two Business Days prior to the Closing Date, NW Corp. shall deliver to NFS
a certificate of Sellers executed on behalf of Sellers by the President or any Vice President of NWD, dated the date of its delivery, (i) stating that there has been conducted under the supervision of such officer a review of all relevant
information and data then available, (ii) setting forth Sellers’ good faith reasonable estimate of the Estimated Purchase Price based upon the Estimated Valuation Date Balance Sheet and (iii) attaching the Estimated Valuation Date
Balance Sheet thereto. The 2006 Pro Forma Balance Sheet that is contained in Section 3.9 of the Disclosure Schedule is a representative example of the Estimated Valuation Date Balance Sheet assuming a Valuation Date of December 31,
2006; provided, however, that the final Estimated Valuation Date Balance Sheet shall be determined as provided for in the definition thereof. 
 2.5 Determination of Purchase Price. 
  

	 	 (a)
	 Within thirty (30) days after the Closing Date, NW Corp. shall: 

  

	 	 (i)
	 prepare, using the same financial and accounting methods and procedures that were used to prepare the Estimated Valuation Date Balance Sheet, a balance sheet of
the Applicable Entities as of the Valuation Date (after giving effect to the elimination of Assets and Liabilities primarily related to the Non-Acquisition Assets and to the sale, transfer, assignment, conveyance and delivery to Gartmore Investors
Services of the Gartmore SA Transferred Assets and the assumption by Gartmore Investors Services of the Gartmore SA Assumed Liabilities as contemplated by Section 5.10) (the “Preliminary Valuation Date Balance Sheet”);
the Preliminary Valuation Date Balance Sheet shall be subject to a review by KPMG LLP, NW Corp.’s independent accounting firm, based upon agreed upon procedures (the scope of which shall be as reasonably agreed to by the Parties) and such
accounting firm will render a report based upon such agreed upon procedures (the “Agreed Procedures Report”) 

  

	 	 (ii)
	 determine the Purchase Price in accordance with the provisions of this Agreement (such Purchase Price as determined by NW Corp. being referred to as the
“Preliminary Purchase Price”); and 

  

	 	 (iii)
	 deliver to NFS the Preliminary Valuation Date Balance Sheet, the Agreed Procedures Report and a certificate setting forth the Preliminary Purchase Price
(collectively, the “Preliminary Accounting Report”). 

  

 13 

 (b) Promptly following receipt of the Preliminary Accounting Report, NFS may review the
same and, within thirty (30) days after the date of such receipt, may deliver to NW Corp. a certificate (signed by the President or any Vice President of NFS) setting forth its objections to the Preliminary Valuation Date Balance Sheet and the
Preliminary Purchase Price as set forth in the Preliminary Accounting Report, together with a summary of the reasons therefor and calculations which, in its view, are necessary to eliminate such objections. If NFS does not so object within such
30-day period, the Preliminary Valuation Date Balance Sheet and the Preliminary Purchase Price set forth in the Preliminary Accounting Report shall be final and binding as the “Valuation Date Balance Sheet” and the Purchase Price,
respectively, for purposes of this Agreement but shall not limit the representations, warranties, covenants and agreements of the parties set forth elsewhere in this Agreement. 
 (c) If NFS so objects within such 30-day period, NFS and NW Corp. shall use their reasonable best efforts to resolve by written agreement (the “Agreed Adjustments”) any
differences as to the Preliminary Valuation Date Balance Sheet and the Preliminary Purchase Price and, if NFS and NW Corp. so resolve any such differences, the Preliminary Valuation Date Balance Sheet and the Preliminary Purchase Price set forth in
the Preliminary Accounting Report as adjusted by the Agreed Adjustments shall be final and binding as the Valuation Date Balance Sheet and the Purchase Price, respectively, for purposes of this Agreement but shall not limit the representations,
warranties, covenants and agreements of the parties set forth elsewhere in this Agreement. 
 (d) If any objections raised by
NFS are not resolved by Agreed Adjustments within the 30-day period next following such 30-day period, then NFS and NW Corp. shall submit the objections that are then unresolved to a national accounting firm reasonably acceptable to both NFS and NW
Corp. and such firm (the “Accounting Firm”) shall be directed by NFS and NW Corp. to resolve the unresolved objections (based solely on the presentations by NFS and NW Corp. as to whether any disputed matter had been determined in a
manner consistent with this Agreement) as promptly as reasonably practicable and to deliver written notice to each of NFS and NW Corp. setting forth its resolution of the disputed matters. The Preliminary Valuation Date Balance Sheet and the
Preliminary Purchase Price, after giving effect to any Agreed Adjustments and to the resolution of disputed matters by the Accounting Firm, shall be final and binding as the Valuation Date Balance Sheet and the Purchase Price, respectively, for
purposes of this Agreement but shall not limit the representations, warranties, covenants and agreements of the parties set forth elsewhere in this Agreement. 
 (e) The parties hereto shall make available to NFS, NW Corp. and, if applicable, the Accounting Firm, such books, records and other information (including work papers) as any of the foregoing may
reasonably request to prepare or review the Preliminary Accounting Report or any matters submitted to the Accounting Firm. The fees and expenses of the Accounting Firm shall be paid proportionately by NFS and NW Corp. based on the determination of
the Accounting Firm of the unresolved objections submitted to it pursuant to Section 2.5(d). The calculation of such proportionate payments shall be based on the relative position of the determination of the Accounting Firm in comparison
to the positions submitted to it by NFS and NW Corp. pursuant to Section 2.5(d). 
  

 14 

 2.6 Adjustment. Promptly (but not later than five (5) Business Days) after
the determination of the Purchase Price pursuant to Section 2.5 that is final and binding as set forth therein: 
 (a) if the Purchase Price exceeds the Estimated Purchase Price, NFS shall pay to NW Corp., as agent for Sellers, by wire transfer of immediately available funds to such bank account of NW Corp. as NW Corp. shall designate in writing to NFS,
an amount equal to the excess of the Purchase Price over the Estimated Purchase Price, plus interest on such excess from the Closing Date to the date of payment thereof at the Agreed Rate; or 
 (b) if the Estimated Purchase Price exceeds the Purchase Price, NW Corp., as agent for Sellers, shall pay to NFS, by wire transfer of
immediately available funds to such bank account of NFS as NFS shall designate in writing to NW Corp., an amount equal to the excess of the Estimated Purchase Price over the Purchase Price, plus interest on such excess from the Closing Date to the
date of payment thereof at the Agreed Rate. 
 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES OF NW CORP. 
 NW Corp. represents and warrants to NFS,
as of the date hereof and as of the Closing Date, as follows: 
 3.1 Capacity of NW Corp. NW Corp. is a corporation
duly organized, validly existing, and in good standing under the Laws of the State of Ohio and has all requisite corporate power and authority to enter into this Agreement and to perform, and to cause its Subsidiaries to perform, each of their
respective obligations hereunder. 
 3.2 Authority Relative to this Agreement. (a) The execution and delivery of
this Agreement, and the consummation of the transactions contemplated hereby, (i) have been determined to be fair, from a financial point of view, to NW Corp. and recommended for approval by the Special Committee of the Board of Directors of NW
Corp., (ii) have been duly and validly authorized by the Board of Directors of NW Corp., and by all necessary corporate action on the part of NW Corp. and (iii) have been, or prior to the Closing will be, duly and validly authorized by all
necessary corporate action on the part of each of NW Corp.’s applicable Subsidiaries. 
 (b) This Agreement has been
duly and validly executed and delivered by NW Corp. and, assuming this Agreement constitutes a legal, valid and binding agreement of NFS, constitutes a legal, valid, and binding agreement of NW Corp., enforceable against NW Corp. in accordance with
its respective terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium, and similar Laws of general applicability relating to or affecting creditors’ rights and to general equity principles. Each of the Seller
Ancillary Agreements to which NW Corp. is a party has been duly authorized by NW Corp. and, upon execution and delivery by NW Corp. and, assuming each such Seller Ancillary Agreement constitutes a legal, valid and binding agreement of the other
parties thereto, will constitute a legal, valid, and binding agreement of NW Corp., enforceable against NW Corp. in accordance with its respective terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium, and 

  

 15 

 
similar Laws of general applicability relating to or affecting creditors’ rights and to general equity principles. 
 (c) Each of the Seller Ancillary Agreements to which Gartmore SA or either Seller will be a party has been duly authorized by Gartmore SA
or such Seller and, upon execution and delivery by Gartmore SA or such Seller and, assuming each such Seller Ancillary Agreement constitutes a legal, valid and binding agreement of the other parties thereto, will constitute a legal, valid, and
binding agreement of Gartmore SA or such Seller, as applicable, enforceable against Gartmore SA or such Seller in accordance with its respective terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium, and similar
Laws of general applicability relating to or affecting creditors’ rights and to general equity principles. 
 3.3 No
Violation. Except as set forth in Section 3.3 of the Disclosure Schedule, the execution, delivery, and performance of this Agreement and any Seller Ancillary Agreement and the consummation of the transactions contemplated hereby and
thereby will not violate or conflict with the Constitutive Documents of NW Corp. or of any of its applicable Subsidiaries, including any such Subsidiaries having an ownership interest in the Interests. 
 3.4 Organization, Qualification of the Applicable Entities. (a) Each of Gartmore Distribution Services and Gartmore Investors
Services has been duly incorporated and is validly existing and in good standing under the Laws of the State of Delaware and Ohio, respectively, and Gartmore MF Capital Trust has been duly created as a statutory trust and is validly existing and in
good standing under the Laws of the State of Delaware. Each of the Applicable Entities has all requisite power and authority to conduct its Business as currently being conducted and, in the case of Gartmore Investors Services, as to be conducted
immediately after the transfer of the Gartmore SA Transferred Assets and the assumption of the Gartmore SA Assumed Liabilities contemplated by Section 5.10. Each of the Applicable Entities is duly qualified to do business, and each is in
good standing (to the extent such concept is applicable to such entity), in the jurisdictions where the nature of its Business or the ownership or leasing of its properties makes such qualification necessary, except where the failure to be so
qualified or in good standing would not, individually or in the aggregate, reasonably be expected to have a NWD Material Adverse Effect. 
 (b) Copies of the Constitutive Documents of each of the Applicable Entities have heretofore been delivered to NFS and such copies are true, accurate, and complete as of the date hereof. 
 3.5 No Subsidiaries of Applicable Entities; Investments. None of the Applicable Entities has any Subsidiaries. Except as set forth
in Section 3.5 of the Disclosure Schedule, none of the Applicable Entities, directly or indirectly, owns, of record or beneficially, any outstanding voting securities or other equity interests in any corporation, partnership, joint
venture or other entity. 
 3.6 Capitalization of Applicable Entities; Title to the Interests. (a) As of the date
hereof, the authorized capital stock of each of Gartmore Distribution Services and Gartmore Investors Services and the number of shares of each class of capital stock of each of Gartmore Distribution Services and Gartmore Investors Services that are
issued and outstanding are set 

  

 16 

 
forth in Section 3.6 of the Disclosure Schedule. As of the date hereof, all of the issued and outstanding shares of capital stock of each of
Gartmore Distribution Services and Gartmore Investors Services have been duly authorized and validly issued, are fully paid and nonassessable, and have not been issued in violation of any preemptive rights of any stockholders and all of such shares
are beneficially owned and held of record by NW Asset Management, an indirect wholly owned Subsidiary of NW Corp., free and clear of any Lien. Upon consummation of the Gartmore Distribution Services Conversion and the Gartmore Investors Services
Merger contemplated by Section 5.11, all of the issued and outstanding limited liability company interests of Gartmore Distribution Services and Gartmore Investors Services will be beneficially owned and held of record by NW Asset
Management, free and clear of any Lien. 
 (b) As of the date hereof, the authorized units of beneficial interest of Gartmore
MF Capital Trust and the number of units of beneficial interest issued and outstanding are set forth in Section 3.6 of the Disclosure Schedule. As of the date hereof, all of the issued and outstanding units of beneficial interests of
Gartmore MF Capital Trust have been duly authorized and validly issued, are fully paid and nonassessable, and have not been issued in violation of any preemptive rights of any unitholders and all of such units are beneficially owned and held of
record by NWD, an indirect wholly owned Subsidiary of NW Corp., free and clear of any Lien. 
 (c) Except as set forth in
Section 3.6 of the Disclosure Schedule, there are no outstanding subscriptions, options, warrants, calls, rights, convertible securities, obligations to make capital contributions or advances, or voting trust arrangements, proxies,
shareholder agreements or other agreements, commitments or understandings of any character relating to the issued or unissued capital stock of, or beneficial interests in, any of the Applicable Entities or preferred securities, or securities
convertible into, exchangeable for or evidencing the right to subscribe for any shares of capital stock, or beneficial interests in, any of the Applicable Entities. 
 3.7 Employment and Employee Benefits Matters; Severance. (a) Section 3.7(a) of the Disclosure Schedule sets forth a list of (i) all employee benefit plans (within the
meaning of Section 3(3) of ERISA) and all bonus, stock option, stock purchase, restricted stock, incentive, deferred compensation, retiree health or life insurance, supplemental retirement, severance or other benefit plans, programs or
arrangements, that are maintained, contributed to or sponsored by NW Corp. or its Affiliates for the benefit of any employee of the Applicable Entities, and (ii) all individual employment, retention, termination, severance or other similar
contracts or agreements pursuant to which NW Corp., an Applicable Entity or any of their respective Affiliates currently has any obligation with respect to any employee of the Applicable Entities (collectively, the “Employees”)
(such plans, programs, arrangements, contracts and agreements, the “Employee Plans”). Except as set forth in Section 3.7(a) of the Disclosure Schedule, NW Corp. has previously made available to NFS a true and complete
copy of each Employee Plan and all amendments thereto (or in the case of any Employee Plan that is not written, a written description of such plan) and, in the case of any Employee Plan sponsored or maintained by an Applicable Entity, to the extent
applicable, a copy of all current summary plan descriptions, summaries of material modifications and the most recent annual report (Form 5500) prepared in connection with any such plan. 
  

 17 

 (b) Except as set forth in Section 3.7(b) of the Disclosure Schedule, none of
the Employee Plans is a multiemployer plan (within the meaning of Section 3(37) or 4001(a)(3) of ERISA) or a single employer plan (within the meaning of Section 4001(a)(15) of ERISA) for which NW Corp., the Applicable Entities or any of
their respective Affiliates would reasonably be expected to incur Liability under Section 4063 or 4064 of ERISA. 
 (c)
Each Employee Plan that is intended to be qualified under Section 401(a) of the Code has received a favorable determination or opinion letter from the IRS that it is so qualified, and, to the Knowledge of NW Corp., no fact or event has occurred
since the date of such determination or opinion letter that would reasonably be expected to adversely affect such qualification. To the extent applicable, NW Corp. has previously made available to NFS copies of the most recent IRS determination or
opinion letters with respect to each Employee Plan sponsored or maintained by an Applicable Entity. 
 (d) With respect to
each Employee Plan, neither NW Corp., the Applicable Entities or any of their respective Affiliates are currently liable for any material Tax arising under Section 4971, 4972, 4975, 4979, 4980 or 4980B of the Code, and, to the Knowledge of NW
Corp., no fact or event exists that would give rise to any such material Tax Liability, except as set forth in Section 3.7(d) of the Disclosure Schedule. None of NW Corp., the Applicable Entities or any of their respective Affiliates has
incurred any material Liability under or arising out of Title IV of ERISA (other than any Liability for premiums to the Pension Benefit Guaranty Corporation arising in the ordinary course of business), and no fact or event exists that would
reasonably be expected to result in such a Liability. None of the Assets of the Applicable Entities is the subject of any Lien arising under Section 302(f) of ERISA or Section 412(n) of the Code and none of NW Corp., the Applicable
Entities or any of their respective Affiliates has been required to post any security under Section 307 of ERISA or Section 401(a)(29) of the Code with respect to any Employee Plan, and, to the Knowledge of NW Corp., no fact or event
exists that would reasonably be expected to give rise to any such Lien or requirement to post any such security. 
 (e) To
the Knowledge of NFS, each Employee Plan is now and has been operated in all material respects in accordance with the requirements of all applicable laws, including ERISA and the Code. 
 (f) Section 3.7(f) of the Disclosure Schedule sets forth a list of the Employees who are primarily engaged in the business
conducted with respect to the Non-Acquisition Assets and the agreements or policies that could require the payment of severance to them upon a sale of the Non-Acquisition Assets to a third party (the “Active Management Severance
Obligations”). 
 3.8 No Conflict; Government Filings. Except as set forth in Section 3.8 of the
Disclosure Schedule, neither the execution and delivery of this Agreement or any Seller Ancillary Agreement, nor the performance of the transactions contemplated hereby or thereby will: (a) (i) violate or conflict with the Constitutive
Documents of any of the Applicable Entities; or (ii) result in or constitute a default (or an event that, with notice or lapse of time or both, would constitute a default), breach or violation of any contract or instrument (including options,
warrants or convertible securities) which relates to the voting of, restricts the transfer of, requires the issuance or sale of, or creates rights in any Person with respect to, the Interests; or (b) to the 

  

 18 

 
Knowledge of NW Corp., violate any Law, License or Order affecting any of the Applicable Entities, except for such violations that would not, individually or
in the aggregate, reasonably be expected to have a NWD Material Adverse Effect. Except as set forth in Section 3.8 of the Disclosure Schedule, no consent, approval, permit, notice, order, or authorization of, or registration,
application, declaration, or filing (each a “Consent” or “Filing”) with any Person is required with respect to any of the Applicable Entities in connection with the execution and delivery of this Agreement or any of
the Seller Ancillary Agreements and the consummation of the transactions contemplated hereby or thereby, except for such Consents or Filings the failure of which to make or obtain would not, individually or in the aggregate, prevent or be a material
impediment to the consummation of the transactions contemplated hereby or the conduct of the businesses of the Applicable Entities from and after the Closing Date. 
 3.9 Financial Statements. (a) NW Corp. (i) has previously furnished NFS with copies of audited consolidated financial statements for NWD and its Subsidiaries as of and for the
years ended December 31, 2005 and 2004 (including audited balance sheets and related statements of operations, changes in stockholders’ equity, and cash flow) (collectively, the “GAAP Financial Statements”); and
(ii) is attaching to Section 3.9(a) of the Disclosure Schedule preliminary unaudited consolidated financial statements for NWD and its Subsidiaries as of and for the year ended December 31, 2006, which financial statements do
not include a consolidated statement of cash flow, a consolidated statement of changes in stockholders’ equity or notes (collectively, the “2006 Financial Statements”). 
 (b) The GAAP Financial Statements fairly present in all material respects the financial position of NWD and its Subsidiaries as of their
respective dates and the results of operations of NWD and its Subsidiaries for the periods therein set forth, in each case in accordance with GAAP consistently applied. Except as noted in Section 3.9(b)(i) of the Disclosure Schedule, the
2006 Financial Statements were prepared in the normal and ordinary course of business and have been prepared in a manner consistent with that employed in preparing the GAAP Financial Statements. The 2006 Financial Statements do not contain footnote
disclosures and are subject to normal recurring year-end adjustments, but otherwise fairly present in all material respects the results of operations of NWD and its Subsidiaries for the year ended December 31, 2006. The GAAP Financial
Statements and the 2006 Financial Statements were prepared from the books and records of NWD and each of its Subsidiaries, and such books and records are complete and correct in all material respects, except as set forth in
Section 3.9(b)(ii) of the Disclosure Schedule. 
 (c) Section 3.9 of the Disclosure Schedule contains
the unaudited pro forma combined balance sheet of the Applicable Entities as of December 31, 2006 (the “2006 Pro Forma Balance Sheet”). The 2006 Pro Forma Balance Sheet has been derived from the consolidated balance sheet as of
December 31, 2006 included in the 2006 Financial Statements by making the adjustments set forth in Section 3.9 of the Disclosure Schedule. Except for the limitations described in Sections 3.9(b)(i) and 3.9(b)(ii) of
the Disclosure Schedule, which limitations also apply to the 2006 Pro Forma Balance Sheet, the 2006 Pro Forma Balance Sheet has been prepared in accordance with GAAP and presents fairly in all material respects the Assets and Liabilities of the
Applicable Entities on a pro forma combined basis (after giving effect to the elimination of Assets and Liabilities primarily related to the Non-Acquisition Assets and to the sale, transfer, assignment, conveyance and delivery to Gartmore Investors
Services of 

  

 19 

 
the Gartmore SA Transferred Assets and the assumption by Gartmore Investors Services of the Gartmore SA Assumed Liabilities as contemplated by
Section 5.10) consistent with the books and records and past practices of the Applicable Entities. 
 (d) The
audited balance sheets for the Applicable Entities as of December 31, 2006 delivered to NFS pursuant to Section 5.13, shall be prepared in accordance with GAAP and present fairly in all material respects the Assets and Liabilities
of the Applicable Entities. 
 3.10 Sufficiency of Assets. Except with respect to the Non-Acquisition Assets, after
giving effect to the sale, transfer, assignment, conveyance and delivery to Gartmore Investors Services of the Gartmore SA Transferred Assets as contemplated by Section 5.10 and the arrangements contemplated by Section 5.12,
the Applicable Entities will own or have the right to use all Assets necessary for them to conduct the business of advising (including via advisory and sub-advisory agreements), administering and otherwise supporting the NWD Funds immediately
following the Closing substantially as such activities are being conducted on the date hereof. 
 3.11 Compliance with
Laws; Permits. 
 (a) Except as set forth in Section 3.11 of the Disclosure Schedule, to the Knowledge of NW
Corp.: (i) since January 1, 2006, neither NWD nor any of its Subsidiaries has received any notice from any Governmental Entity or any other person that any of the Applicable Entities is in violation of, or has violated, any applicable
provisions of any Laws; and (ii) none of the Applicable Entities has any executive officers or directors who, since January 1, 2006, have been the subject of any investigation (excluding routine examinations by Self-Regulatory
Organizations), disciplinary proceeding or enforcement order arising under any applicable provisions of any Laws, and no such investigation, disciplinary proceeding or proceedings for the issuance of any enforcement order is pending or threatened,
except in the case of each of clauses (i) and (ii) for violations or alleged violations that would not, individually or in the aggregate, reasonably be expected to result in a NWD Material Adverse Effect. To the Knowledge of NW Corp., each
of the Applicable Entities has made all filings required to be made by it under applicable regulatory requirements since December 31, 2005, and all such filings have complied with the applicable regulatory requirements, except for such failures
that would not, individually or in the aggregate, reasonably be expected to result in a NWD Material Adverse Effect. To the Knowledge of NW Corp., none of the Applicable Entities or any executive officer or director of any Applicable Entity is
subject to a statutory disqualification that could be the basis for a suspension, revocation, or limitation of the license of, or ability to obtain a license for any Applicable Entity, except for such failures that would not, individually or in the
aggregate, reasonably be expected to result in a NWD Material Adverse Effect. 
 (b) To the Knowledge of NW Corp., each of
the Applicable Entities which is required to be registered as a broker/dealer, investment advisor, transfer agent or in another capacity with the SEC or any other Governmental Entity is duly registered as such and such registrations are in full
force and effect, except where the absence to be so registered would not, individually or in the aggregate, be expected to result in a NWD Material Adverse Effect. 
 (c) To the Knowledge of NW Corp., each NWD Fund is in compliance in all material respects with all applicable Laws, including the Investment Company Act, the Investment 

  

 20 

 
Advisers Act of 1940, as amended, the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, the Code, and all applicable state
securities laws and rules. Each NWD Fund is qualified, and has been qualified for all taxable years during which it has conducted business, as a regulated investment company in accordance with Subchapter M of the Code. Each NWD Fund has complied and
is in compliance in all material respects with the investment policies and restrictions set forth in its registration statement currently in effect. To the Knowledge of NW Corp., the value of the net Assets of each NWD Fund has been determined and
is being determined using portfolio valuation methods that comply in all material respects with the methods described in its registration statement and the requirements of the Investment Company Act. To the knowledge of NW Corp., there are no legal
or governmental actions, investigations, inquiries, or proceedings pending or, to the Knowledge of NW Corp., threatened against any NWD Fund that would question the right, power, or capacity of (i) any NWD Fund to conduct its Business as
conducted now or at any time in the past or (ii) NW Corp. or NFS to enter into this Agreement or to consummate the transactions contemplated by this Agreement. 
 3.12 Litigation. Except as set forth in Section 3.12 of the Disclosure Schedule, there is no action, suit, hearing, arbitration, or proceeding (public or private) of any
Governmental Entity or any other Person, pending, or to the Knowledge of NW Corp., threatened against NW Corp. or any of the Applicable Entities, which, if adversely determined or resolved, would be reasonably expected to have a NWD Material Adverse
Effect, and there are no existing or threatened-in-writing Orders involving a specific monetary judgment or penalty (other than those of general application) affecting any of the Applicable Entities, which would have a NWD Material Adverse Effect.

 3.13 Labor Relations and Employment. Except to the extent set forth in Section 3.13 of the Disclosure
Schedule: (a) there is no labor strike, material labor dispute, slowdown, stoppage, or lockout actually pending, or to the Knowledge of NW Corp., threatened against or affecting any of the Applicable Entities, and since January 1, 2004,
there has not been any such action; (b) to the Knowledge of NW Corp., there are no pending union claims to represent the employees of any of the Applicable Entities, there are no current union organizing activities among the employees of any of
the Applicable Entities, and no Applicable Entity has received notice of any unfair labor practice complaint or charge against it pending before the NLRB; (c) none of the Applicable Entities is a party to or bound by any collective bargaining
or similar agreement with any labor organization, or work rules or practices agreed to with any labor organization or employee association, applicable to employees of any of the Applicable Entities; and (d) to the Knowledge of NW Corp., there
are no written personnel policies, rules, or procedures applicable to employees of the Applicable Entities. Except as set forth in Section 3.13 of the Disclosure Schedule, no employee, officer, director, or independent contractor of any
of the Applicable Entities is entitled to any payment of money or other thing of value or will receive any rights with respect to the capital stock of any of the Applicable Entities as a result of the execution and delivery of this Agreement or the
consummation of the transactions contemplated hereby. Except as set forth in Section 3.13 of the Disclosure Schedule, none of the transactions contemplated by this Agreement shall constitute a triggering event under any employment,
severance, or termination agreement or other compensation arrangement or any plan currently in effect which (either alone or upon the occurrence of any additional or subsequent event) would result in any payment, acceleration, vesting, or increase
in benefits to 

  

 21 

 
any current or former officer, employee, director, or independent contractor of any of the Applicable Entities which would constitute an “excess
parachute payment” (as such term is defined in Section 280G(b)(1) of the Code). 
 3.14 Broker’s or
Finder’s Fees. No broker, investment banker, financial advisor or other person, other than Goldman Sachs & Co., the fees and expenses of which will be paid by NW Corp., is entitled to any broker’s, finder’s, financial
advisor’s or other similar fee or commission in connection with the transactions contemplated by this Agreement based upon arrangements made by NW Corp. or any of its Affiliates. 
 3.15 Non-Acquisition Assets and Liabilities. All of the Non-Acquisition Assets are as set forth in Section 1.1 of the
Disclosure Schedules, and there are no other Assets or Liabilities in respect thereof except as so listed. 
 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES OF NFS 
 NFS represents and warrants to NW Corp., as of the date hereof and as of the Closing Date, as follows: 
 4.1 Capacity of NFS. NFS is a corporation duly organized, validly existing, and in good standing under the Laws of the State of Delaware and has all requisite corporate power and authority to enter into this
Agreement and to perform its obligations hereunder. 
 4.2 Validity and Execution of Agreement. The execution and
delivery of this Agreement and any other agreements contemplated hereby, and the consummation of the transactions contemplated hereby and thereby, have been (i) determined to be fair, from a financial point of view, to NFS and recommended for
approval by the Special Committee of the Board of Directors of NFS, and (ii) duly and validly authorized by the Board of Directors of NFS, and by all necessary corporate action on the part of NFS. When executed and delivered, the Transition
Services Agreement and the consummation of the transactions contemplated thereby will be duly and validly authorized by the Board of Directors of NFS, and by all necessary corporate action on the part of NFS. The Board of Directors of NFS has duly
approved this Agreement and no further corporate action is required for this Agreement to be enforceable against NFS. This Agreement has been duly executed and delivered by NFS and, assuming this Agreement constitutes a valid and binding agreement
of NW Corp., constitutes a legal, valid and binding agreement of NFS, enforceable against NFS in accordance with its terms, subject to the qualification that enforcement of the rights and remedies created hereby is subject to: (a) bankruptcy,
insolvency, reorganization, moratorium and other Laws of general application affecting the rights and remedies of creditors; and (b) general principles of equity (regardless of whether such enforcement is considered in a proceeding in equity or
at law). 
 4.3 No Conflict. Neither the execution and delivery of this Agreement nor the performance of the
transactions contemplated herein by NFS will: (a) violate or conflict with any of the provisions of the certificate of incorporation or bylaws of NFS or (b) subject to the governmental approvals and other matters referred to in the
following sentence, violate any Law, License or Order to which NFS is subject except for such violations that would not, individually 

  

 22 

 
or in the aggregate, reasonably be expected to have an NFS Material Adverse Effect. Except as set forth in Section 4.3 of the Disclosure
Schedule, no Consent or Filing with any Person is required with respect to the execution and delivery of this Agreement by NFS and the consummation of the transactions contemplated hereby, except for such Consents or Filings the failure of which to
make or obtain would not, individually or in the aggregate, prevent or be a material impediment to the consummation of the transactions contemplated hereby. 
 4.4 Broker’s or Finder’s Fees. No broker, investment banker, financial advisor or other person, other than Credit Suisse Securities (USA) LLC, the fees and expenses of which will
be paid by NFS, is entitled to any broker’s, finder’s, financial advisor’s or other similar fee or commission in connection with the transactions contemplated by this Agreement based upon arrangements made by NFS. 
 4.5 Litigation. There is no lawsuit or legal, administrative or regulatory proceeding, or investigation pending or, to the
Knowledge of NFS, threatened in writing against NFS which would reasonably be expected to materially impair the ability of NFS to perform its obligations hereunder or reasonably be expected to prevent the consummation of any of the transactions
contemplated hereby. 
 4.6 Investment Representation. NFS will acquire the Interests for its own account, and NFS has
no present intention of resale or other distribution thereof. NFS will refrain from transferring or otherwise disposing of the Interests, or any interest therein, in such manner as to violate any registration provision of federal or state securities
Laws. 
 4.7 No Disqualification. To the Knowledge of NFS, neither NFS nor any “affiliated person” (as
defined in the Investment Company Act) of NFS is (taking into account any applicable exemption) ineligible pursuant to Section 9(a) or 9(b) of the Investment Company Act to serve as an investment adviser (or in any other capacity contemplated
in the Investment Company Act) to an NWD Fund, and there is no proceeding pending or, to the Knowledge of NFS, threatened by any Governmental Entity, which would result in the ineligibility of NFS or any “affiliated persons” of NFS to
serve in any such capacities. Neither NFS nor any “affiliated person” (as defined in the Advisers Act) of NFS is ineligible pursuant to Section 203 of the Advisers Act to serve as a registered investment adviser or “associated
person” (as defined in the Advisers Act) of a registered investment adviser, and there is no proceeding pending or, to the knowledge of NFS, threatened by any Governmental Entity, which would result in the ineligibility of NFS or any
“affiliated person” to serve in any such capacities. 
 4.8 Safe Harbor. Neither NFS nor any of its
Affiliates has any express or implied understanding or arrangement which would impose an unfair burden on any investment company registered under the Investment Company Act for which any of the Applicable Entities provides investment advisory serves
that would preclude satisfaction of the safe harbor provided by Section 15(f) of the Investment Company Act. 
 4.9
Financing. NFS will have as of the Closing Date sufficient funds available for it to pay the Purchase Price and to pay all fees and expenses relating to the transactions contemplated hereby. 
  

 23 

 ARTICLE V 
 PRE-CLOSING COVENANTS OF NW CORP. 
 NW Corp. covenants and agrees to take (and to
cause its Subsidiaries, including the Applicable Entities, to take) the following actions between the date hereof and the Closing Date: 
 5.1 General. NW Corp. will use its reasonable best efforts to take all actions and to do all things necessary, proper, or advisable in order to consummate and make effective the transactions contemplated by
this Agreement. 
 5.2 Notices and Consents. NW Corp. will give any reasonable notices to third parties, and NW Corp.
will use its reasonable best efforts to obtain any third party consents that are reasonably necessary in order to consummate the transactions contemplated by this Agreement (including any Consents and Filings listed in Section 3.8 of the
Disclosure Schedule). NW Corp. will give any notices to, make any filings with, and use its reasonable best efforts to obtain any authorizations, consents, and approvals of Governmental Entities in connection with the matters referred to herein. The
parties will cooperate with one another and use their respective reasonable best efforts to assist one another in obtaining all such approvals or consents. With respect to NWD Fund Consents, the foregoing general provisions of
Section 5.1 and this Section 5.2 shall be subject to the more specific provisions of Section 5.8. 
 5.3 Conduct of Business. Except as otherwise contemplated by this Agreement, except as required pursuant to agreements entered into prior to the date hereof, except as set forth on Section 5.3 of
the Disclosure Schedule or except as otherwise approved in writing by NFS, pending the Closing Date, NW Corp. shall use its reasonable best efforts to cause each of the Applicable Entities to: (a) conduct their Business in the normal and
ordinary course of business consistent with past practice; (b) preserve their present business organization and relationships; (c) preserve the rights, franchises, goodwill, and relations of their customers, suppliers, and others with whom
business relationships exist; (d) not (i) permit any of the Assets to be subject to a Lien other than a Lien arising or occurring in the normal course of business that would not, individually or in the aggregate, materially adversely
affect the value of, or materially adversely interfere with the use of, the property subject thereto; (ii) increase, except as required by employment agreements existing on the date hereof or consistent with past practice, the wages, salaries,
compensation, pension, or other benefits payable to any employee of the Applicable Entities; (iii) hire any new employees, enter into or amend any consulting agreements, retention agreements or other employment agreements, or establish any new
compensation or benefit plans (if NW Corp. desires to undertake any of the actions listed in this clause (iii) and seeks the written approval of NFS, such approval will not be unreasonably withheld); (iv) notwithstanding clause
(ii) above, establish, increase, amend or modify bonuses or any bonus policy or plan for any employee of the Applicable Entities for worked performed or to be performed during 2007; (v) change accounting methods or the maintenance or
method of the preparation of books and records; or (vi) prepare or file any material Return inconsistent with past practice or, on any such Return, take any material position, make any election, or adopt any method that is inconsistent with
positions taken, elections made or methods used in preparing or filing similar Returns in prior periods; and (e) not to declare or pay any dividend, distribution, or other similar payment (except that the Applicable Entities may make dividends
of cash or investment Assets as permitted by Section 13.3). 
  

 24 

 5.4 Notice of Developments. NW Corp. will give written notice to NFS of any
material development which causes or is reasonably likely to cause a breach of any of its own representations and warranties within five (5) days after any person listed in the definition of “Knowledge of NW Corp.” becomes aware of
any such development; provided, however, NW Corp. agrees that this Section 5.4 shall in no way limit or waive the remedies available to NFS. 
 5.5 Exclusivity. Subject to Section 13.4, NW Corp. will: (a) not solicit, initiate, or encourage the submission of any proposal or offer from any Person relating to the
acquisition of any capital stock or other voting securities, or any portion of the Assets, of any of the Applicable Entities (including any acquisition structured as a merger, consolidation or share exchange); or (b) participate in any
discussions or negotiations regarding, furnish any information with respect to, assist or participate in, or facilitate in any other manner any effort or attempt by any person to do or seek any of the foregoing. NW Corp. will notify NFS immediately
if any Person makes any proposal, offer, inquiry, or contact with respect to any of the foregoing. 
 5.6 Maintenance of
Records. NW Corp. will use its reasonable best efforts to cause each of the Applicable Entities to maintain and continue to keep its books, accounts and records in the usual manner and consistent with prior practice. 
 5.7 Compliance with Laws. NW Corp. will use its reasonable best efforts to cause each of the Applicable Entities to comply in all
material respects with all Laws. 
 5.8 NWD Fund Consents. 
 (a) NW Corp. will use its reasonable best efforts and cause each of the Applicable Entities, as applicable, to use their respective
reasonable best efforts to, in accordance with Law, as promptly as practicable following the date hereof, obtain all such consents, approvals or other actions, if any, by the boards of directors or comparable governing bodies, regulating or
Self-Regulatory Organizations or shareholders as required by Law or the contractual or other arrangements governing each NWD Fund of the relevant Applicable Entities’ services to such NWD Fund so that after the Closing each of the relevant
Applicable Entities may continue managing and/or providing services to such NWD Fund on terms, taken as a whole, that are no less favorable to each such Applicable Entity than the terms of the existing Investment Advisory Arrangement between such
NWD Fund and each such Affiliated Entity (each a “NWD Fund Consent”) except as set forth in Section 5.8(a) of the Disclosure Schedule. Without limiting the generality of the foregoing, with respect to each NWD Fund, NW
Corp. will use its reasonable best efforts and cause each of the Applicable Entities, as applicable, to use their respective reasonable best efforts to, in accordance with Law, as promptly as practicable following the date hereof, (i) obtain
the approval of each Fund Board of a new Investment Advisory Arrangement, to be effective at the Closing, containing terms, taken as a whole, that are no less favorable to each of the relevant Applicable Entities than the terms of the existing
Investment Advisory Arrangement between such NWD Fund and the relevant Applicable Entities, (ii) as promptly as practicable following receipt of the approval described in clause (i) above, cause each Fund Board to call a meeting of the
shareholders of each NWD Fund (which may be a special or annual meeting) to be held as promptly as reasonably practicable for the purpose of obtaining the requisite approval of such shareholders for such new Investment Advisory Arrangement, as
applicable, (iii) as promptly as practicable following receipt of the approval described in clause 

  

 25 

 
(i) above, prepare and file, or use its reasonable best efforts to cause each NWD Fund to prepare and file, with the SEC and all other applicable
Governmental Entities all registration statements and proxy solicitation materials required to be distributed to the shareholders of each NWD Fund with respect to the actions recommended for shareholder approval by the applicable Fund Board and
mail, or cause to be mailed, such proxy solicitation materials as promptly as practicable after clearance by the SEC (if applicable) and (iv) as promptly as practicable following the mailing of the proxy materials, submit, or use its reasonable
best efforts to cause to be submitted, to the shareholders of each NWD Fund for a vote at a shareholders meeting the proposals described in clause (ii) above. 
 (b) The parties hereto agree that the NWD Fund Consents contemplated by Section 5.8(a) shall be deemed validly obtained only if such approval is in full force and effect at the
Closing and the Fund Board (or other applicable governing body) for such NWD Fund has not indicated, either orally or in writing, that the applicable NWD Fund has terminated or intends to terminate (in whole or in part) its existing or new
Investment Advisory Arrangement prior to or following the Closing. 
 (c) In connection with obtaining the NWD Fund Consents
and other actions required by Sections 5.8(a) and 5.8(b), at all times prior to the Closing, NW Corp. shall take reasonable steps to keep NFS informed of the status of obtaining such NWD Fund Consents and, upon NFS’s request,
make available to NFS copies of all such executed NWD Fund Consents and make available for inspection by NFS documentation of such NWD Fund Consents and any related materials, such as telephone logs and other records relating to the NWD Fund Consent
process. 
 (d) For each NWD Fund Consent that is not reasonably likely to be obtained by the Closing (in the good faith
judgment of NW Corp.), NW Corp. shall use its reasonable best efforts to obtain and deliver at Closing a new interim investment advisory contract that has been approved by the relevant Fund Board, that meets the requirements of Rule 15a-4 under the
Investment Company Act and that is otherwise in a form reasonably satisfactory to NFS and its counsel. 
 5.9 Proxy
Materials; Supplemental Prospectuses. 
 (a) NW Corp. agrees that the information and data that is or will be contained in
the proxy materials or prospectus (or any supplemental prospectus) to be furnished to the shareholders of any NWD Fund to the extent shareholder approval is required under applicable Laws or the applicable Investment Advisory Arrangement for the
purpose of providing NWD Fund Consent or approving any interim or new Investment Advisory Arrangement will not contain, at the time (i) they are presented to the Fund Board of a NWD Fund and (ii) the proxy materials and prospectus (or
supplemental prospectus) are first mailed to the shareholders of any NWD Fund to the extent shareholder approval is required under applicable Laws or the applicable Investment Advisory Arrangement or at the time of the meeting thereof, any untrue
statement of a material fact, or omit to state any material fact required to make the statements therein, in light of the circumstances under which they were made, not misleading. Each of NFS and NW Corp. shall have the right to review in advance
and to approve (such approval not to be unreasonably withheld) all the information relating to it and any of its Affiliates proposed to 

  

 26 

 
appear in any registration statement, prospectus or proxy statement or any amendment or supplement thereto submitted to the SEC in connection with the
transactions contemplated by this Agreement. 
 (b) NW Corp. will use its reasonable best efforts and cause each of the
Applicable Entities, as applicable, to use their respective reasonable best efforts to, in accordance with Law, as promptly as practicable following the date of this Agreement, cause each NWD Fund to (i) file supplements or amendments to each
NWD Fund’s prospectus forming a part of its registration statement, which supplements or amendments shall reflect changes as necessary in each NWD Fund’s affairs as a consequence of the transactions contemplated by this Agreement and
(ii) make any other filing necessary under applicable Laws to satisfy disclosure requirements to enable the public distribution of the shares of that NWD Fund to continue. 
 5.10 Transfer of the Gartmore SA Transferred Assets and Assumption of Gartmore SA Assumed Liabilities. 
 (a) Prior to the Closing, NW Corp. will cause Gartmore SA to sell, transfer, assign, convey and deliver to Gartmore Investors Services, free and clear of all Liens, all of the business and
operations of Gartmore SA related to the administration of the NWD Funds and all of the Assets and properties of Gartmore SA of every kind and description, wherever located, real, personal or mixed, tangible or intangible, used primarily in
connection with the administration of the NWD Funds as the same shall exist on the Closing Date (herein collectively called the “Gartmore SA Transferred Assets”), including all right, title and interest of Seller in, to and under
the Assets described in Section 5.10(a) of the Disclosure Schedule but excluding those Assets identified as excluded in Section 5.10(a) of the Disclosure Schedule. 
 (b) Concurrently with the sale, transfer, assignment, conveyance and delivery by Gartmore SA to Gartmore Investors Services of the
Gartmore SA Transferred Assets and in consideration thereof, NW Corp. shall cause Gartmore Investors Services to assume and agree to discharge, in accordance with their respective terms and subject to the respective conditions thereof, all
Liabilities and obligations of Gartmore SA to be paid or performed after the date of such sale, transfer, assignment, conveyance and delivery under the agreements set forth or described in Section 5.10(b) of the Disclosure Schedule (such
Liabilities and obligations being referred to herein as the “Gartmore SA Assumed Liabilities”). 
 5.11
Conversion of Gartmore Distribution Services; Merger of Gartmore Investors Services; Gartmore MF Capital Trust Tax Election. 
 (a) Prior to the Closing, NW Corp. shall cause Gartmore Distribution Services to convert to a limited liability company formed under the laws of the State of Delaware (such conversion being referred to herein as the “Gartmore
Distribution Services Conversion”). The Gartmore Distribution Services Conversion shall be effected in accordance with Section 266 of the General Corporation Law of the State of Delaware and Section 18-214 of the Delaware Limited
Liability Company Act and pursuant to a certificate of conversion reasonably acceptable to NFS and shall result in the conversion of the issued and outstanding shares of capital stock of Gartmore Distribution Services into limited liability
interests. Such limited liability company 

  

 27 

 
shall be named “Gartmore Distribution Services, LLC,” and shall be governed by a certificate of formation and a limited liability company agreement
that are reasonably acceptable to NFS. 
 (b) Prior to the Closing, NW Corp. shall cause Gartmore Investors Services to merge
with and into a limited liability company formed under the laws of the State of Delaware (such merger being referred to herein as the “Gartmore Investors Services Merger”) and such limited liability company will be the surviving
entity, with the issued and outstanding shares of capital stock of Gartmore Investors Services converting into and becoming limited liability interests of the surviving entity. The Gartmore Investors Services Merger shall be effected in accordance
with Section 18-209 of the Delaware Limited Liability Company Act and Section 1701.79 of the Ohio Revised Code and pursuant to an agreement or plan of merger reasonably acceptable to NFS. Such limited liability company shall be named
“Gartmore Investors Services, LLC,” and shall be governed by a certificate of formation and a limited liability company agreement that are reasonably acceptable to NFS. 
 (c) Immediately prior to the Closing, NW Corp. shall cause Gartmore MF Capital Trust to elect to be treated as a disregarded entity for
federal and applicable state income Tax purposes. 
 5.12 Transition Services Agreement. NW Corp. and NFS understand
that (a) the Applicable Entities receive products and services pursuant to written and unwritten agreements or arrangements with NWD or its Affiliates (other than the Applicable Entities) some of which involve the provision of products or
services by NWD or its Affiliates from products or services they receive from third parties (the “NFS Received Services”) and (b) the Applicable Entities (including pursuant to the assets of Gartmore SA to be acquired by
Gartmore Investors Services) provide product and services pursuant to written and unwritten agreements and arrangements with NWD and its Affiliates (other than the Applicable Entities) some of which involve the provision of products or services by
NWD or its Affiliates from products or services they receive from third parties (the “NFS Provided Services”). The NFS Received Services include those set forth in Section 5.12(i) of the Disclosure Schedule and the NFS
Provided Services include those set forth in Section 5.12(ii) of the Disclosure Schedule. Prior to the Closing Date, the Parties shall, and shall cause their Affiliates, with respect to each such product or service provided, in good
faith work out: (i) arrangements to transition the provision of such products or services directly to the receiving entity by any third party provider or (ii) provide appropriate transition services arrangements in the form of a
transaction services agreement or agreements. The foregoing shall cover any products or services necessary to operate the business associated with the Non-Acquisition Assets. Any of the foregoing products and services shall be provided at arms
length terms for a period of up to one year after the Closing, unless a longer period is agreed upon by the parties. 
 5.13
2006 Audited Financials. Prior to the Closing, NW Corp. shall cause to be prepared and delivered to NFS audited balance sheets for the Applicable Entities as of December 31, 2006. 
 5.14 River Road Sublease. Prior to the Closing, NFS shall and NW Corp. shall, and shall cause Nationwide Mutual Insurance Company
to, negotiate in good faith and cooperate with one another to execute a sublease agreement for the real property leased under that certain 

  

 28 

 
Lease, dated May 26, 1999 (the “River Road Lease”), between River Park II Associates, L.P., as lessor, and Nationwide Mutual Insurance
Company, and, if required under the River Road Lease, obtain the consent of such lessor (such sublease shall cover any relevant leasehold improvements). The terms of such sublease shall be substantially similar to the terms of River Road Lease and
shall encompass all of the real property leased under the River Road Lease. 
 ARTICLE VI 
 PRE-CLOSING COVENANTS OF NFS 
 NFS covenants and agrees to take the following actions between the date hereof and the Closing Date: 
 6.1
General. NFS will use its reasonable best efforts to take all actions and to do all things necessary, proper, or advisable in order to consummate and make effective the transactions contemplated by this Agreement. 
 6.2 Notice of Developments. NFS will give written notice to NW Corp. of any material development which causes or is reasonably
likely to cause a breach of any of its own representations and warranties within five (5) days after any person listed in the definition of “Knowledge of NFS” becomes aware of any such development; provided, however, NFS
agrees that this Section 6.2 shall in no way limit or waive the remedies available to NW Corp. 
 6.3 Notices
and Consents. NFS will give any necessary notices to third parties and will use its reasonable best efforts to obtain any third party consents, in each case that are required of NFS in order to consummate the transactions contemplated by this
Agreement. Without limiting the generality of the foregoing, NFS will give any notices to, make any filings with, and use its reasonable best efforts to obtain any authorizations, consents and approvals of Governmental Entities that are required of
NFS in connection with the matters referred to herein. 
 6.4 Proxy Materials; Supplemental Prospectuses. NFS will
furnish to NW Corp. such information and data concerning NFS as shall be reasonably required to be included in any of the proxy materials or prospectuses to be furnished to the shareholders of the NWD Funds pursuant to Section 5.9 and
will cooperate and use reasonable best efforts to assist in obtaining such consents. 
 ARTICLE VII 
 CONDITIONS TO OBLIGATIONS OF NW CORP. 
 The obligations of NW Corp. hereunder are subject to the satisfaction or waiver of the following conditions: 
 7.1 Accuracy of Representations and Warranties. The representations and warranties made by NFS herein and in the Disclosure Schedule shall be true and correct in all respects (without giving effect to any
limitation as to “materiality” or “NFS Material Adverse Effect” set forth therein) on the Closing Date, except where the failure of such representations and warranties to be true and correct (without giving effect to any
limitation as to “materiality” or “NFS Material Adverse Effect” set forth therein) would not, individually or in the aggregate, 

  

 29 

 
reasonably be expected to have a NFS Material Adverse Effect. The statement in the preceding sentence shall be confirmed in writing at the Closing by NFS.

 7.2 Performance by NFS. All of the terms and conditions of this Agreement to be complied with and performed by NFS
on or before the Closing Date shall have been complied with and performed in all material respects. 
 7.3 Legal
Challenge. No temporary restraining order, preliminary or permanent injunction or other order issued by any court of competent jurisdiction or other legal restraint or prohibition preventing the consummation of the transactions contemplated
hereby shall be in effect or threatened in writing; provided, however, that any party invoking this condition shall use its reasonable best efforts to have any such order or injunction vacated. 
 7.4 Approvals; No Prohibition. All governmental and regulatory approvals necessary for the consummation of the transactions
contemplated hereby shall have been obtained, and no statute, rule, regulation or order of any court or administrative agency shall be in effect which prohibits NFS or NW Corp. from consummating the transactions contemplated hereby. 
 ARTICLE VIII 
 CONDITIONS TO
OBLIGATIONS OF NFS 
 The obligations of NFS hereunder are subject to the satisfaction or waiver of the following
conditions: 
 8.1 Accuracy of Representations and Warranties. The representations and warranties made by NW Corp.
herein and in the Disclosure Schedule shall be true and correct in all respects (without giving effect to any limitation as to “materiality” or “NWD Material Adverse Effect” set forth therein) on the Closing Date, except where
the failure of such representations and warranties to be true and correct (without giving effect to any limitation as to “materiality” or “NWD Material Adverse Effect” set forth therein) would not, individually or in the
aggregate, reasonably be expected to have a NWD Material Adverse Effect. The statement in the preceding sentence shall be confirmed in writing at the Closing by NW Corp. 
 8.2 Performance by NW Corp. All of the terms and conditions of this Agreement to be complied with and performed by NW Corp. on or before the Closing Date shall have been complied with and
performed in all material respects. 
 8.3 Legal Challenge. No temporary restraining order, preliminary or permanent
injunction or other order issued by any court of competent jurisdiction or other legal restraint or prohibition preventing the consummation of the transactions contemplated hereby shall be in effect or threatened in writing; provided,
however, that any party invoking this condition shall use its reasonable best efforts to have any such order or injunction vacated. 
 8.4 Approvals; No Prohibition. All governmental and regulatory approvals (including the approvals of any Self-Regulatory organizations) necessary for the consummation of the transactions contemplated hereby
shall have been obtained, and no statute, rule, regulation or order of any court or administrative agency shall be in effect which prohibits NFS or NW Corp. from consummating the transactions contemplated hereby. 
  

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 8.5 Transfer of the Gartmore SA Transferred Assets. The sale, transfer,
assignment, conveyance and delivery to Gartmore Investors Services of the Gartmore SA Transferred Assets shall have occurred, as contemplated by Section 5.10. 
 8.6 NWD Fund Consents. The relevant Applicable Entities shall have received NWD Fund Consents relating to the assignment of Investment Advisory Arrangements as contemplated by this
Agreement from NWD Funds whose aggregate total amount of mutual fund assets under management with the Applicable Entities (as reflected on the books and records of the Applicable Entities), other than mutual fund assets under management related to
the Non-Acquisition Assets, at the close of business on a date that is not earlier than five (5) Business Days prior to Closing (the “AUM Measurement Date”) is no less than seventy-five percent (75%) of the aggregate total
amount of mutual fund assets under management with the Applicable Entities (as reflected on the books and records of the Applicable Entities), other than mutual fund assets under management related to the Non-Acquisition Assets, at the close of
business on the AUM Measurement Date. NW Corp. shall have provided to NFS a certificate of an officer of NW Corp. attesting to the NWD Fund Consents that have been received and including the aggregate amount of NWD Fund Consents received with
respect to each NWD Fund and a written calculation of assets under management (itemized to reflect assets under management with each NWD Fund) at the close of business on the AUM Measurement Date. 
 8.7 No NWD Material Adverse Effect. Between the date hereof and the Closing Date, there shall not have occurred any changes,
events, developments or circumstances that have had or would reasonably be expected to have, individually or in the aggregate, a NWD Material Adverse Effect. 
 8.8 Gartmore Distribution Services Conversion and Gartmore Investors Services Merger. The Gartmore Distribution Services Conversion and Gartmore Investors Services Merger shall have
occurred, as contemplated by Section 5.11. 
 ARTICLE IX 
 ACTIONS AT THE CLOSING BY NW CORP. 
 9.1 Closing Deliveries
of NW Corp. At the Closing, NW Corp. shall deliver to NFS: 
 (a) Assignments or other documents of transfer, in form and
substance reasonably acceptable to NFS evidencing (i) the transfer by NWD to NFS of the Gartmore MF Capital Trust Interests and (ii) the transfer by NW Asset Management to NFS of the Gartmore Distribution Services LLC Interests and the
Gartmore Investors Services LLC Interests; 
 (b) A certificate of an officer of NW Corp. attesting that: (i) NW Corp.
has caused a reasonable examination as to the representations and warranties of NW Corp. set forth herein and (ii) the conditions set forth in Sections 8.1 and 8.2 are satisfied; and 
 (c) Such other documents as may be necessary or appropriate, in the reasonable opinion of NFS or its counsel, to evidence the
authorization of, and to effect the transactions contemplated by, this Agreement. 
  

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 ARTICLE X 
 ACTIONS AT THE CLOSING BY NFS 
 10.1 Closing Deliveries of NFS. At the
Closing, NFS shall deliver to NW Corp.: 
 (a) A certificate of an officer of NFS attesting that: (i) NFS has caused a
reasonable examination as to the representations and warranties of NFS set forth herein and (ii) the conditions set forth in Sections 7.1 and 7.2 are satisfied; and 
 (b) Such other documents as may be necessary or appropriate, in the reasonable opinion of NW Corp. or its counsel, to evidence the
authorization of, and to effect the transactions contemplated by, this Agreement. 
 ARTICLE XI 
 TAX MATTERS 
 11.1
Payment of Transaction Taxes. NFS will pay any and all real property transfer or gains Tax, sales Tax, use Tax, stamp Tax, stock transfer Tax or other similar Tax payable in connection with or as a result of the transactions contemplated
under this Agreement (not including the Gartmore Distribution Services Conversion and Gartmore Investors Services Merger or the transfer of the Gartmore SA Transferred Assets contemplated by Section 5.10). NFS and NW Corp. agree to
cooperate to determine the amount of such Taxes. NFS and NW Corp. will cooperate in preparing such forms and will execute and deliver such affidavits and forms as are reasonably requested by the other party. 
 11.2 Cooperation. NFS and NW Corp. agree to furnish or cause to be furnished to each other, as promptly as practicable, such
information and assistance relating to the Business as is reasonably necessary for the preparation and filing of any Return, for the preparation for and proof of facts during any Tax audit, for the preparation for any Tax protest, for the
prosecution or defense of any suit or other proceeding relating to Tax matters and for the answer of any governmental or regulatory inquiry relating to Tax matters. 
 11.3 Indemnification. Notwithstanding anything to the contrary contained in this Agreement, (a) NW Corp. shall indemnify and hold NFS and its Subsidiaries harmless from and against
(i) all Taxes imposed on any of the Applicable Entities, or for which any of the Applicable Entities may otherwise be liable, for any taxable year or period that ends on or before the Closing Date and, with respect to any Straddle Period, the
portion of such Straddle Period ending on and including the Closing Date (including any obligations to contribute to the payment of a Tax determined on a consolidated, combined or unitary basis with respect to any Company Group) and (ii) Fifty
Percent (50%) of any additional federal income Taxes payable by NFS, the Applicable Entities or any of their respective Affiliates that would not have been payable absent a breach of a representation or warranty of NW Corp. set forth in this
Article XI, which breach results in a reduction in the ability to amortize the Purchase Price as a Section 197 intangible (as such term is defined in Section 197(d)(1) of the Code); provided, however, that NW Corp.
shall not be liable for or pay, nor shall it indemnify or hold harmless NFS or any of its Subsidiaries from and against (x) any Tax Liability, to the extent such Tax Liability is reflected as a Liability or reserve for Tax Liabilities in the
Valuation Date Balance Sheet and taken into account as a 

  

 32 

 
reduction in the Final Tangible Stockholders’ Equity, (y) any Taxes imposed on any of the Applicable Entities that are either unrelated to NWD or
any of the Applicable Entities and are imposed solely as a result of having been a member of the Company Group of which NFS was the common parent or imposed with respect to a Tax period prior to NW Corp.’s acquisition of NWD and provided
further, that NW. Corp.’s aggregate liability under Section 11.3(a)(ii) shall not exceed Twenty-Five Million Dollars ($25,000,000) and (b) NFS shall indemnify and hold NW Corp. and its Subsidiaries harmless from and against any
Tax Liability, to the extent such Tax Liability is reflected as a Liability or reserve for Tax Liabilities in the Valuation Date Balance Sheet and taken into account as a reduction in the Final Tangible Stockholders’ Equity. NW Corp. shall be
entitled to any Tax refund received by or on behalf of the Applicable Entities with respect to any taxable year or period that ends on or before the Closing Date and, with respect to any Straddle Period, the portion of such Straddle Period ending on
and including the Closing Date, except to the extent that such Tax refund is reflected as an Asset in the Valuation Date Balance Sheet and taken into account as an increase in the Final Tangible Stockholders’ Equity. 
 11.4 Tax Returns. NW Corp. shall file or cause to be filed when due all Returns that are required to be filed by or with respect
to NWD and any of the Applicable Entities for taxable years or periods ending on or before the Closing Date and shall pay any Taxes due in respect of such Returns, and NFS shall cause to be filed when due all Returns that are required to be filed by
or with respect to NWD and any of the Applicable Entities for taxable years or periods ending after the Closing Date and shall remit any Taxes due in respect of such Returns. NW Corp. will pay NFS the Taxes for which NW Corp. is liable pursuant to
Section 11.3 (but which are payable with Returns to be filed by NFS pursuant to the previous sentence) within 5 days prior to the due date for the filing of such Tax Returns. 
 11.5 Taxes for Short Taxable Year. For purposes of Sections 11.3 and 11.4, whenever it is necessary to determine
liability for taxes with respect to a Straddle Period, the determination of the Taxes for the portion of the year or period ending on, and the portion of the year or period beginning after, the Closing Date shall be determined by assuming the
relevant Applicable Entity had a taxable year or period which ended at the close of the Closing Date, except that Taxes, exemptions, allowances or deductions that are calculated on an annual basis, such as the deduction for depreciation, shall be
apportioned on a time basis. 
 11.6 Tax Treatment; Allocation of the Purchase Price. 
 (a) Provided that NFS complies with the covenant set forth in the third sentence of this Section 11.6(a), NW Corp. represents
and warrants that, immediately prior to the Closing, each of the Applicable Entities will be treated as a disregarded entity for federal income tax purposes. Accordingly, NW Corp. and NFS shall treat the purchase of the Interests as a purchase of
the Assets of the Applicable Entities for federal and applicable state and local income tax purposes and shall not take, or cause to be taken, any action that would be inconsistent with such treatment. NFS further covenants that it will not cause
the Applicable Entities to be treated as regarded entities for federal income tax purposes if such action would jeopardize such treatment. NW Corp. further represents and warrants that the portion of the Purchase Price allocable to any “section
197 intangible” (as defined in Section 197(d)(1) of the Code) shall be fully amortizable under Section 197 of the Code by NFS (or the applicable purchasing entity) for federal income 

  

 33 

 
tax purposes and not subject to any “anti-churning” or similar limitation described in Section 197 of the Code. 
 (b) Within sixty (60) days following the completion of the Valuation Date Balance Sheet, NFS shall deliver to NW Corp. a schedule
(the “Preliminary Allocation Schedule”) allocating the Purchase Price and any other consideration deemed paid for the Assets of the Applicable Entities among the Assets of the Applicable Entities. NW Corp. agrees that promptly upon
receiving said Preliminary Allocation Schedule, it shall, to the extent it deems necessary, negotiate with NFS to agree on revisions to the Preliminary Allocation Schedule (as agreed between NW Corp. and NFS, the “Allocation
Schedule”). The Allocation Schedule shall be reasonable and shall be prepared in accordance with Section 1060 of the Code and the Treasury Regulations thereunder. 
 (c) If, within thirty (30) days following the delivery of the Preliminary Allocation Schedule by NFS to NW Corp., NFS and NW Corp. are unable to agree on an Allocation Schedule, NFS shall
promptly cause an independent appraiser selected by NFS and NW Corp. (the “Appraiser”) to conduct and to deliver to NFS and NW Corp., within sixty (60) days following delivery of the Preliminary Allocation Schedule by NFS to NW
Corp., an appraisal (the “Appraisal”) of the fair market value as of the Closing Date of the Assets each of the Applicable Entities. The cost of the Appraisal shall be paid one-half by NFS and one-half by NW Corp. 
 (d) Within sixty (60) days following receipt of the Appraisal, NFS shall deliver to NW Corp. a schedule (the “Revised
Allocation Schedule”) allocating the Purchase Price and any other consideration deemed paid for the Assets of the Applicable Entities among the Assets of the Applicable Entities. The Revised Allocation Schedule shall be reasonable and shall
be prepared in accordance with Section 1060 of the Code and the Treasury Regulations thereunder and in accordance with the Appraisal. 
 NFS and NW Corp. each agrees to file all federal, state, local and foreign Returns in accordance with the Allocation Schedule or the Revised Allocation Schedule, as the case may be, and not to take, or cause to be
taken, any action that would be inconsistent with such Allocation Schedule or Revised Allocation Schedule. 
 11.7 Contest
Provisions. NFS shall promptly notify NW Corp. in writing upon receipt by NFS or any of its Affiliates of notice of any pending or threatened federal, state, local or foreign income or franchise tax audits or assessments that may affect the
Taxes for which NW Corp. would be required to indemnify NFS pursuant to Section 11.3; provided, however, that failure to comply with this provision shall not affect the right of NFS to indemnification hereunder, except to
the extent that the NW Corp. is materially prejudiced by such failure. At its election, NW Corp. shall be entitled to participate in the defense of any claim for Taxes for which it may be required to make an indemnification payment under
Section 11.3 and shall be entitled to control the defense of any claim for Taxes relating to a period ending on or prior to the Closing Date. In any case, neither NFS, any Applicable Entity, nor any of their Affiliates may agree to
settle any Tax claim for the portion of the year or period ending on or before the Closing Date that may be the subject of indemnification by NW Corp. under Section 11.3 or for 

  

 34 

 
any Tax claim relating to Taxes described in Section 11.3(a)(ii) without their receipt of the prior written consent of NW Corp., which consent
shall not be unreasonably withheld. 
 ARTICLE XII 
 TERMINATION AND REMEDIES 
 12.1 Termination of Agreement. The parties may
terminate this Agreement as provided below: 
 (a) The parties may terminate this Agreement by mutual written consent at any
time prior to the Closing; 
 (b) NFS may terminate this Agreement by giving written notice to NW Corp. at any time prior to
the Closing: (i) in the event NW Corp. has breached any representation, warranty, or covenant contained in this Agreement if such breach would give rise to a failure to satisfy a condition to the obligations of NFS contained in Article
VIII, NFS has notified NW Corp. of the breach, and the breach has continued without cure for a period of thirty (30) days after the notice of breach, or (ii) if the Closing shall not have occurred on or before the date that is the six
month anniversary of this Agreement (the “Termination Date”), by reason of the failure of any condition precedent hereunder (unless the failure resulted primarily from NFS itself breaching any representation, warranty, or covenant
contained in this Agreement); and 
 (c) NW Corp. may terminate this Agreement by giving written notice to NFS at any time
prior to the Closing: (i) in the event NFS has breached any representation, warranty, or covenant contained in this Agreement if such breach would give rise to a failure to satisfy a condition to the obligations of NW Corp. contained in
Article VII, NW Corp. has notified NFS of the breach, and the breach has continued without cure for a period of thirty (30) days after the notice of breach, or (ii) if the Closing shall not have occurred on or before the Termination
Date, by reason of the failure of any condition precedent hereunder (unless the failure resulted primarily from NW Corp. itself (or any of the Applicable Entities) breaching any representation, warranty, or covenant contained in this Agreement).

 ARTICLE XIII 
 GENERAL
SURVIVAL; INDEMNIFICATION; ADDITIONAL AGREEMENTS 
 13.1 Survival of Representations. (a) The representations
and warranties made by NW Corp. in Article III (including the Disclosure Schedule and the certificate delivered in accordance with Section 9.1(b), insofar as the Disclosure Schedule and such certificate relate to such
representations and warranties) or elsewhere in this Agreement shall survive one (1) year after the Closing Date; provided, however, that, notwithstanding the foregoing, the representations and warranties made in Sections
3.4 and 3.6 shall survive until the expiration of the statute of limitations applicable to each claim or event as to which a breach of such representation or warranty is based or asserted (the last day of the applicable survival period
being referred to as the “Cut-Off Date”). 
 (b) The representations and warranties made by NFS in
Article IV (including the certificate delivered in accordance with Section 10.1(a), insofar as such certificate relates to such representations and warranties) shall survive until the Cut-Off Date. 
  

 35 

 13.2 Indemnification. (a) From and after the Closing, NW Corp. shall
indemnify and hold NFS harmless from and against any and all Liabilities whatsoever (including reasonable fees of legal counsel and related disbursements) (collectively, “Damages”) incurred or suffered by NFS (including the
Applicable Entities) as a result of or related to any breach of any representation, warranty, covenant (other than with respect to Section 5.3(a)-(d) or Section 5.6), or agreement made by NW Corp. in this Agreement or in
any certificate, schedule or exhibit delivered pursuant hereto. 
 (b) From and after the Closing, NFS shall indemnify and
hold NW Corp. harmless from and against any and all Damages incurred by NW Corp. as a result of or related to: (i) any breach of any representation, warranty, covenant and agreement made by NFS in this Agreement or in any certificate, schedule,
exhibit or agreement delivered pursuant hereto; and (ii) any Liabilities in connection with or relating to the operation of the Business of the Applicable Entities that first arise after the Closing Date (other than to the extent related to the
Non-Acquisition Assets, for which NW Corp. agrees to indemnify NFS pursuant to Section 13.4). 
 (c) If any suit,
action, proceeding (including any governmental or regulatory investigation), claim, or demand shall be brought or asserted against any party in respect of which indemnity may be sought pursuant to this Section 13.2, such party (the
“Indemnified Party”) shall promptly give written notice thereof to the party against whom such indemnity may be sought (the “Indemnifying Party”); provided, that failure to give such notice shall not relieve
the Indemnifying Party of its obligations hereunder except to the extent it shall have been prejudiced by such failure. The notice shall state the information then available regarding the amount of the claim or Damages and shall specify the
provision or provisions of this Agreement under which the right to indemnification is being asserted. If within thirty (30) days after receiving such notice, the Indemnifying Party gives written notice to the Indemnified Party stating that it
intends to defend against such claim or Damages at its own cost and expense, the defense (including the right to settle or compromise such action) of such matter, including selection of counsel (subject to the consent of the Indemnified Party, which
consent shall not be unreasonably withheld) and the sole power to direct and control such defense, shall be by the Indemnifying Party and the Indemnified Party shall make no payment in respect of such claim or Damages to any third party as long as
the Indemnifying Party is conducting a good faith and diligent defense. In any such defense, the Indemnifying Party will consult with the Indemnified Party in connection with the Indemnifying Party’s defense. In any such proceeding, any
Indemnified Party shall have the right to retain its own counsel, at its own cost and expense unless: (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary; (ii) the Indemnifying Party has failed
within a reasonable time to retain counsel, in which event the Indemnified Party shall have the right to retain counsel at the expense of the Indemnifying Party; or (iii) the named parties in any such proceeding (including any interpleaded
parties) include both the Indemnified Party and the Indemnifying Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them. It is understood that the Indemnifying
Party shall not, in connection with any proceeding or related proceeding in the same jurisdiction, be liable for the fees and expenses of more than one separate firm (in addition to any local counsel) for the Indemnified Party, and that all such
fees and expenses shall be reimbursed as they are incurred. Any such separate firm sought to be retained by the Indemnified Party with respect to which the Indemnified Party seeks to be indemnified by the Indemnifying Party shall be designated in

  

 36 

 
writing by the Indemnified Party. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which
shall not be unreasonably withheld), but if settled with such consent or if there be a final judgment for the plaintiff, the Indemnifying Party agrees to indemnify any Indemnified Party from and against any Liability by reason of such settlement or
judgment. Notwithstanding the foregoing, if at any time an Indemnified Party shall have requested an Indemnifying Party to reimburse an Indemnified Party for fees and expenses of counsel as contemplated herein, the Indemnifying Party agrees that it
shall be liable for any settlement of any proceeding effected without its written consent herein if: (i) such settlement is entered into more than forty-five (45) days after receipt by such Indemnifying Party of the aforesaid request;
(ii) such Indemnifying Party shall not have reimbursed the Indemnified Party in accordance with such request (other than due to a reasonable dispute as to the validity of such request) prior to the date of settlement; and (iii) such
settlement does not impose any obligations on the Indemnifying Party other than the payment of money. If no such notice of intent to dispute and defend is given by the Indemnifying Party, or if such diligent good faith defense is not being or ceases
to be conducted, the Indemnified Party shall, at the expense of the Indemnifying Party, undertake the defense of such claim or Damages with counsel selected by the Indemnified Party, and shall have the right to compromise or settle the same
exercising reasonable business judgment. The Indemnified Party shall make available all information and assistance that the Indemnifying Party may reasonably request and shall cooperate with the Indemnifying Party in such defense. Notwithstanding
anything herein to the contrary, the Indemnifying Party shall have the right to settle all claims of third parties for which indemnification is payable hereunder without the consent of the Indemnified Party so long as such settlement releases the
Indemnified Party from all Liability for or in connection with such action. 
 (d) Notwithstanding anything herein to the
contrary: (i) no claim by any Indemnified Party against an Indemnifying Party, which claim relates to a breach of a representation or warranty made in this Agreement may be made unless notice of such breach is given in accordance with this
Article XIII prior to the expiration of the thirty (30) day period immediately following the relevant Cut-Off Date; (ii) the Indemnifying Party shall not have any Liability hereunder unless the aggregate amount of all Damages
incurred by the Indemnified Party for which the Indemnifying Party would, but for this provision, be liable exceeds on a cumulative basis an amount equal to Five Million, Six Hundred Thousand Dollars ($5,600,000) (the “Basket”) and
then only to the extent of such excess; and (iii) the maximum aggregate Liability of the Indemnifying Party under this Section 13.2 shall not exceed the amount of Fifty Million Dollars ($50,000,000) (the “Cap”);
provided, however, that, notwithstanding the foregoing, the Basket and Cap shall not apply with respect to Article II and Sections 3.4, 3.6, 5.10, 5.11, 5.12, 5.14, 13.3,
13.4, 13.5, 13.6, 13.7 and 14.1. 
 (e) Any payment by an Indemnifying Party for
indemnification under this Article XIII shall be made (i) on an After-Tax Basis and (ii) net of any insurance proceeds actually received in respect of the matters giving rise to the claim for Damages. To the extent such payment can be
properly so characterized under applicable Tax law, indemnification payments under this Article XIII shall be treated by the parties as an adjustment to the Purchase Price. 
 (f) To the extent required by Law, each of the parties agrees to take all reasonable steps to mitigate their respective Damages upon and
after becoming aware of any event or 

  

 37 

 
condition which could reasonably be expected to give rise to any Damages that are indemnifiable hereunder. 
 (f) Except for fraud and remedies that cannot be waived as a matter of law and injunctive and provisional relief (including specific
performance) and except with respect to Tax matters which shall be subject to the provisions of Article XI (which shall be unconditional and absolute and shall remain in effect until the expiration of the applicable statute of limitations),
if the Closing occurs, Section 11.3 and this Section 13.2 shall be the exclusive remedy for breaches of this Agreement (including any covenant, obligation, representation or warranty contained in this Agreement or in any
certificate delivered pursuant to this Agreement) or otherwise with respect to this Agreement or in respect of the sale of the Interests. 
 13.3 Permitted Dividend. From time to time prior to the Closing, NW Corp. may cause any Applicable Entity to distribute to its stockholder or unitholder, as applicable, a dividend in an amount equal to cash and
investment Assets on hand (the “Permitted Dividend”). NW Corp. hereby expressly acknowledges that NFS and, following the Closing, the Applicable Entities shall have no Liability with respect to the Permitted Dividend. 
 13.4 Disposition of Non-Acquisition Assets. 
 (a) NW Corp. acknowledges and agrees that it shall use its reasonable best efforts to cause the Applicable Entities to sell or otherwise transfer for value the Non-Acquisition Assets prior to the
Closing, and NFS will work with NW Corp. in good faith to effect such Non-Acquisition Asset Sale or Sales. Such sale or transfer may be in one or more transactions, with one or more third parties (each a “Non-Acquisition Asset
Sale”), and the proceeds of any such Non-Acquisition Asset Sale shall be distributed by the Applicable Entity to NW Corp. or one or more of its Affiliates immediately after the consummation of any such transaction. 
 (b) In the event that Non-Acquisition Assets have not been sold or transferred prior to the Closing pursuant to
Section 13.4(a), NFS and NW Corp. shall use their reasonable best efforts and work together in good faith for a period of nine months following the Closing (the “Sale Period”) to facilitate one or more Non-Acquisition
Asset Sales with respect to such remaining Non-Acquisition Assets as soon as practicable following the Closing Date. The form of the disposition agreement and any related agreements in respect of any such Non-Acquisition Asset Sale (“Sale
Documents”) shall be as reasonably agreed upon by NFS and NW Corp. and, if requested in writing by NW Corp., shall include a covenant by NFS to use its reasonable best efforts to cause the potential purchaser thereunder to become the
investment adviser to the relevant Non-Acquisition Funds, subject to applicable Law and any required approvals of the fund board and shareholders of any such Non-Acquisition Funds. Within five (5) Business Days after the consummation of any
such Non-Acquisition Asset Sale, NFS will pay to NW Corp. any proceeds it receives in respect thereof (net of all out-of-pocket costs and expenses associated with such disposition, including any and all marketing, legal, accounting and other
expenses required in connection therewith and including reimbursement of any Taxes paid or payable by NFS in respect thereof). NW Corp. agrees to indemnify and hold harmless NFS from any and all Liabilities under any Sale Documents and for any and
all Liabilities, costs and expenses incurred in respect of any activities in connection with any Non-Acquisition Asset Sale, whether or not consummated. After the expiration of the Sale Period, NFS shall have no further obligation in 

  

 38 

 
respect of the Non-Acquisition Assets under this Agreement or otherwise, except to the extent of any breach of this Section 13.4. 
 (c) NFS and NW Corp. shall cooperate in good faith and use their respective reasonable best efforts to offer any Person that acquires
portfolio management capabilities in connection with a Non-Acquisition Asset Sale pursuant to this Section 13.4 the right to serve as a sub-advisor to any NWD Fund for which one of the Applicable Entities is serving as advisor on the
date of this Agreement. The terms (including the sub-advisory fees) of any such arrangement, which may include an interim advisory contract that has been approved by the applicable Fund Board pursuant to Rule 15a-4 under the Investment Company Act,
shall be as mutually approved by NFS and NW Corp., which approval shall not be unreasonably withheld by either party. NFS will provide reasonable assurance in a form mutually agreed upon by NFS and NW Corp. that NFS has no then current intention to
materially alter any such sub-advisory arrangement; provided, however, that nothing contained in this Section 13.14 shall affect NFS’s ability to seek or cause the termination of any such sub-advisory arrangement at
any time consistent with its fiduciary duties and subject to customary market performance standards. Any proposed purchaser of any Non-Acquisition Assets (whether the contemplated sale occurs before or after the Closing) that proposes to become a
sub-advisor to any NWD Fund pursuant to this subsection (c) must be approved in writing as a sub-advisor by NFS, such approval not to be unreasonably withheld. 
 (d) Any payments required to be made in respect of Active Management Severance Obligations shall be shared equally by NW Corp. and NFS. In the event such amounts are paid by NW Corp. or the
Applicable Entities on or prior to Closing or NW Corp. after the Closing, NW Corp. shall be entitled to reimbursement from NFS at the Closing for NFS’s share of such payments not later than five (5) Business Days following written notice
to NFS that such payment was made. In the event such amounts are paid by NFS or the Applicable Entities after the Closing, NFS shall be entitled to reimbursement from NW Corp. for NW Corp.’s share of such payment not later than five
(5) Business Days following written notice to NW Corp. that such payment was made. The covenants contained in this Section 13.4(d) shall expire on the two-year anniversary of the Closing Date. In no event shall NFS be required to
reimburse NW Corp. for any amount payable to an employee that has been reassigned to another NW Corp. business unit. 
 (e)
Any payment by an Applicable Entity under this Article XIII shall be treated by the parties as an adjustment to the Purchase Price. 
 (f) The Employees listed on Section 3.7(f) of the Disclosure Schedule will be retained and continue to be employed by Gartmore SA following the Closing and shall be seconded to Gartmore MF Capital Trust on
the terms of and subject to an appropriate employee services agreement (which agreement shall be executed at Closing) reasonably agreeable to NFS and NW Corp., except that the cost for such employees’ services shall be the actual cost of
compensation and benefits for such employees. As indicated in Section 5.12, the Applicable Entities will receive, in connection with the operation of the business associated with the Non-Acquisition Assets following Closing, certain products
and services from NWD and its Affiliates (some of which products and services may be obtained from third parties) and that the expense associated with such products and services used in connection with the business associated with 

  

 39 

 
the Non Acquisition Assets shall be borne by the Applicable Entities post Closing. Except as otherwise expressly set forth herein (including
Section 13.4(d)), after the Closing the Applicable Entities shall be responsible for the foregoing costs and for all other costs and expenses associated with the operation of the business conducted by the Non Acquisition Assets,
including the cost and expenses related to the lease and operations of the property known as “Five Tower Bridge” (except the Applicable Entities will not be responsible for any such costs and expenses incurred after the nine month
anniversary of the Closing Date); provided, however, that the aggregate amount of such costs shall not exceed the revenues derived by NFS from the operations of the Non-Acquisition Assets. 
 (g) The Basket and the Cap shall not apply to any indemnification or other payment obligation under this Section 13.4.

 13.5 Certain Seed Capital Investments. NW Corp. acknowledges and agrees that it shall leave invested in the NWD
Funds and not redeem, or cause to be redeemed, the investments set forth in Section 13.5 of the Disclosure Schedule for a period of up to six months following the Closing Date, as set forth in Section 13.5 of the Disclosure
Schedule, and, upon written request from NW Corp., NFS will acquire such investments from NW Corp. for cash at net asset value. 
 13.6 Section 15(f) of the Investment Company Act. NFS acknowledges that NW Corp. has entered into this Agreement in reliance upon the benefits and protections provided by Section 15(f) of the Investment Company Act. In
furtherance (and not limitation) of the foregoing, NFS will conduct its Business and will use its reasonable best efforts to cause each of its Affiliates to conduct its Business to enable the following to be true regarding Section 15(f) of the
Investment Company Act in relation to any NWD Fund for which NFS will provide investment advisory or sub-advisory services: (a) for a period of not less than three (3) years after the Closing Date, no more than 25% of the members of each
Fund Board will be “interested persons” (as defined in the Investment Company Act) of NW Corp. or NFS or any of their respective Affiliates and (b) for a period of not less than two (2) years after the Closing Date, neither NFS
nor any of its Affiliates will impose an “unfair burden” (as defined in the Investment Company Act) on any such NWD Fund in connection with the transactions contemplated by this Agreement. 
 13.7 WARN Act; Employee Matters. (a) NFS shall be solely responsible for any Liability arising under the Worker Adjustment
Retraining and Notification Act (the “WARN Act”) relating to the termination of employment of Affected Employees on or after the Closing Date. NW Corp. shall be solely responsible for any Liability arising under the WARN Act
relating to the termination of employment of Employees prior to the Closing. NW Corp. shall, and shall cause NWD and its Subsidiaries to, cooperate with NFS and take such actions prior to the Closing as are necessary to assist NFS in satisfying any
actual or potential obligations pursuant to the WARN Act (or any comparable state or local law) that NFS, NW Corp., any of the Applicable Entities, or any of their respective successors or assigns, may have before, on or after the Closing arising
out of or relating to, in whole or in part, any decision made or action taken on or after the Closing (including any termination of employment, reduction in hours or layoff) with respect to any Affected Employees, including providing NFS prior to
the Closing with such information regarding the Affected Employees (including name, date of hire, employer and place of employment) as NFS may reasonably request. Notwithstanding the foregoing, no 

  

 40 

 
WARN Act notices may be sent to Affected Employees prior to the Closing Date without the prior written approval of NW Corp. 
 (b) As to matters that are not the subject of any written agreement, at the Closing, NW Corp. shall cause the programs and/or policies
listed in items (c), (d), (e), (f) and (g) of Section 3.13(d) of the Disclosure Schedules to be rescinded or otherwise terminated as to the Employees of the Applicable Entities and such programs and/or policies will be replaced
with any similar programs and/or policies in place at NFS. 
 ARTICLE XIV 
 GENERAL PROVISIONS 
 14.1 Expenses. Except as otherwise
provided herein, all fees, commissions, and other expenses incurred by NFS or NW Corp. in connection with the negotiation of this Agreement and in preparing to consummate the transactions contemplated hereby, including the fees and expenses of their
respective counsel and other advisors, shall be borne by the party incurring such fee, commission, or expense. Attached as Section 14.1 of the Disclosure Schedule is a list containing the parties’ good faith reasonable estimate of
the Covered Expenses (as defined below). NFS shall pay to NW Corp as additional Purchase Price hereunder an amount equal to 100% of the amount of all fees, expenses and other out of pocket costs incurred relating to the mutual funds advised by the
Applicable Entities and their respective shareholders in connection with this Agreement and the transactions contemplated hereby, including the fees and expenses of outside counsel for such mutual funds and the counsel of the independent
directors/trustees of such funds and all proxy preparation and solicitation costs and expenses (the “Covered Expenses”) up to $1,000,000 and 50% of all Covered Expenses in excess of $1,000,000 subject to the provision of providing
appropriate evidence thereof. 
 14.2 Execution in Counterparts; Binding Effect. This Agreement may be executed in one
or more counterparts, each of which shall be deemed an original copy and all of which together shall be considered one and the same agreement, and shall become a binding agreement when one or more counterparts have been signed by each party and
delivered to the other parties. 
 14.3 Governing Law. This Agreement shall be governed by and construed and enforced
in accordance with the laws of the State of Ohio, without giving effect to the choice of law provisions thereof. 
 14.4
Notices. (a) Service of process, and any other notices or other communications required or permitted under this Agreement, shall be given in writing and delivered personally, sent by confirmed facsimile or electronic transmission, mailed
first class or sent by overnight courier guaranteeing next-day delivery, addressed as follows: 
  

							
	 (i)
	  	 If to NW Corp.:
	  	 Nationwide Corporation

		  		  	 One Nationwide Plaza, 1-37-01

		  		  	 Columbus, Ohio 43215

		  		  	 Attention:
	  	 Robert A. Rosholt

		  		  		  	 Executive Vice President, CFO

		  		  	 Facsimile: (614) 249-2223

  

 41 

					
		  		  	 E-mail: rosholr@nationwide.com

			
		  	 with a copy to:
	  	 Sullivan & Cromwell LLP

		  		  	 125 Broad Street

		  		  	 New York, New York 10004

		  		  	 Attention: Mark J. Menting, Esq.

		  		  	 Facsimile: (212) 558-3588

		  		  	 E-mail: mentingm@sullcrom.com

			
	 (ii)
	  	 If to NFS:
	  	 Nationwide Financial Services, Inc.

		  		  	 One Nationwide Plaza

		  		  	 Columbus, Ohio 43215

		  		  	 Attention: Mark R. Thresher, President and Chief Operating Officer

		  		  	 Facsimile: 614-249-9351

		  		  	 E-mail: threshm@nationwide.com

			
		  	 and to:
	  	 Nationwide Financial Services, Inc.

		  		  	 One Nationwide Plaza, 1-35-16

		  		  	 Columbus, Ohio 43215

		  		  	 Attention: Roger Craig, Esq., Vice President – Division General Counsel

		  		  	 Facsimile: 614-249-9071

		  		  	 E-mail: craigr@nationwide.com

			
		  	 with a copy to:
	  	 Sidley Austin LLP

		  		  	 One South Dearborn Street

		  		  	 Chicago, Illinois 60603

		  		  	 Attention: Thomas A. Cole, Esq. and Brian J. Fahrney, Esq.

		  		  	 Facsimile: 312-853-7036

		  		  	 E-mail: tcole@sidley.com and bfahrney@sidley.com

 (b) Notices or communications required or permitted under this Agreement shall be
deemed to have been received by the addressee: (i) on the date given, if delivered personally or sent by confirmed facsimile or electronic transmission; (ii) five days after the date of deposit, if mailed by first class mail; and
(iii) one day after delivery to a courier, if sent by overnight courier guaranteeing next-day delivery. Either party may change the person, address or facsimile or electronic transmission number for service of process upon it or delivery of
notices or other communications to it under this Agreement by delivering notice of such change to the other party in accordance with this Section 14.4. 
 14.5 Titles and Headings; Interpretation. Titles and headings to Articles and Sections herein, and the Table of Contents to this Agreement, are inserted for convenience of reference only
and are not intended to be a part of or to affect the meaning or interpretation of this Agreement. Unless the context otherwise requires, references herein: to Articles, Sections and Exhibits mean the Articles and Sections of, and the Exhibits
attached to, this Agreement. For purposes of this Agreement, (i) the words “include,” “includes” and “including” shall be deemed 

  

 42 

 
to be followed by the words “without limitation,” (ii) the word “or” is not exclusive and (iii) the words “herein”,
“hereof”, “hereby”, “hereto” and “hereunder” refer to this Agreement as a whole. 
 14.6 Successors and Assigns. This Agreement shall inure to the benefit of, and be binding upon, the parties hereto and their respective successors, heirs, executors, legal representatives and permitted assigns; provided,
however, that no party shall assign any rights or delegate any of the obligations created under this Agreement without prior written consent of the other party. 
 14.7 No Third Party Beneficiaries. Nothing in this Agreement is intended or shall be construed to give any person (including the employees of any of the Applicable Entities), other than
the parties hereto, their successors and permitted assigns, any legal or equitable right, remedy, or claim under or in respect of this Agreement or any provision contained herein. 
 14.8 Entire Agreement. This Agreement, including the Confidentiality Agreement, represents the entire agreement and understanding
of the parties with reference to the transactions set forth herein; provided, that the Confidentiality Agreement shall terminate effective upon the Closing. No representations or warranties have been made in connection with this Agreement or the
transactions contemplated hereby, or relied upon by the parties hereto, other than those expressly set forth in this Agreement and the Disclosure Schedule or in the certificates and other documents delivered in accordance herewith. This Agreement
supersedes all prior negotiations, discussions, correspondence, communications, and understandings between the parties relating to the subject matter of this Agreement (other than the Confidentiality Agreement) and all prior drafts of this
Agreement, all of which are merged into this Agreement. No prior drafts of this Agreement and no words or phrases from any such prior drafts shall be admissible into evidence in any proceeding involving this Agreement. 
 14.9 Waivers and Amendments. Each of NW Corp. and NFS may, but shall not be obligated to, by written notice to the other:
(a) extend the time for the performance of any of the obligations or other actions of the other; (b) waive any inaccuracies in the representations or warranties of the other contained in this Agreement; (c) waive compliance with any
of the covenants of the other created under this Agreement; or (d) waive fulfillment of any of the conditions to its own obligations under this Agreement. The waiver by any party hereto of a breach of any provision of this Agreement shall not
operate or be construed as a waiver of any subsequent breach, whether or not similar. This Agreement may be amended, modified or supplemented only by a written instrument executed by NW Corp. and NFS. 
 14.10 Severability. This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision
hereof shall not affect the validity or enforceability of this Agreement or of any other term or provision hereof. 
 14.11
Confidentiality and Announcements. (a) Except as provided in Section 14.11(b) below, none of NW Corp. or NFS, nor any of their respective Affiliates, shall publicly disclose the execution, delivery or contents of this
Agreement other than: (i) with the prior written consent of the other party hereto; or (ii) as required by any applicable Law or the applicable rules of any stock exchange upon prior notice to the other party hereto. 
  

 43 

 (b) NFS and NW Corp. shall agree with each other as to the form, timing, and substance of
any press release related to this Agreement or the transactions contemplated hereby, and shall consult each other as to the form, timing and substance of other public disclosures related thereto, provided, however, that nothing
contained herein shall prohibit either party, following notification to the other party if practicable, from making any disclosure which its counsel determines to be required by any applicable Law or the applicable rules of any stock exchange.

 14.12 Books and Records. NW Corp agrees that from and after the Closing it will cause all of the books of account,
minute books, stock record books, and other material records of each of the Applicable Entities that are in the possession or control of NW Corp. or any of its Subsidiaries to be transferred to the possession or control of the appropriate Applicable
Entity. 
 14.13 Waiver of Jury. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS
AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE IT HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING
TO THIS AGREEMENT AND ANY OF THE AGREEMENTS DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, TO IT THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE EITHER OF SUCH WAIVERS, (B) IT UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF SUCH WAIVERS, (C) IT MAKES SUCH
WAIVERS VOLUNTARILY, AND (D) IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 14.12. 
 14.14 Specific Performance. Each of the parties acknowledges and agrees that the other party would be damaged irreparably in the event any of the provisions of this Agreement are not
performed in accordance with their specific terms or otherwise are breached. Accordingly, each of the parties agrees that the other party shall be entitled to an injunction or injunctions to prevent breaches of the provisions of this Agreement and
to enforce specifically this Agreement and the terms and provisions hereof in any action instituted in any court of the United States or any state thereof having jurisdiction over the parties and the matter, in addition to any other remedy to which
it may be entitled, at law or in equity. 
 [Remainder of Page Intentionally Left Blank—Signature Page Follows] 
  

 44 

 IN WITNESS WHEREOF, the parties have executed this Agreement, all as of the day and year
first above written. 
  

			
	 NATIONWIDE FINANCIAL SERVICES, INC.

		
	 By:
	 	 /s/ Timothy G. Frommeyer

	 Name:
	 	 Timothy G. Frommeyer

	 Title:
	 	 Senior Vice President & Chief Financial Officer

	
	 NATIONWIDE CORPORATION

		
	 By:
	 	 /s/ Thomas E. Barnes

	 Name:
	 	 Thomas E. Barnes

	 Title:
	 	 Vice President and Secretary

 Signature Page to 
 Purchase Agreement 

 EXHIBIT A 
 List of Non-Acquisition Funds 
 1) Each of the following series of Gartmore
Mutual Funds is a “Non-Acquisition Fund”: 
 Gartmore China Opportunities Fund 
 Gartmore Emerging Markets Fund 
 Gartmore
Global Financial Services Fund 
 Gartmore Global Health Sciences Fund 
 Gartmore Global Natural Resources Fund 
 Gartmore Global Technology and Communications
Fund 
 Gartmore Global Utilities Fund 
 Gartmore International Growth Fund 
 Gartmore Mid Cap Growth Leaders Fund 
 Gartmore Nationwide Leaders Fund 
 Gartmore Tax-Free Income Fund 
 Gartmore Small Cap Fund 
 Gartmore Small Cap
Leaders Fund 
 Gartmore U.S. Growth Leaders Fund 
 Gartmore U.S. Growth Leaders Long-Short Fund 
 Gartmore Worldwide Leaders Fund 
 Gartmore Small Cap Core Fund 
 Gartmore Small
Cap Value Fund 
 Gartmore Small Cap Growth Opportunities Fund 
 Gartmore Hedged Core Equity Fund 
 Gartmore Market Neutral Fund 
 2) Each of the following series of Gartmore Variable Insurance Trust is a “Non-Acquisition Fund”: 
 Gartmore GVIT Developing Markets Fund 

 EXHIBIT B 
 List of NWD Funds 
 1) Each of the following series of Gartmore Mutual Funds
is a “NWD Fund”: 
 Gartmore Bond Fund 
 Gartmore Bond Index Fund 
 Gartmore Government Bond Fund 
 Gartmore Growth Fund 
 Gartmore International
Index Fund 
 Gartmore Investor Destinations Aggressive Fund 
 Gartmore Investor Destinations Moderately Aggressive Fund 
 Gartmore Investor Destinations Moderate Fund

 Gartmore Investor Destinations Moderately Conservative Fund 
 Gartmore Investor Destinations Conservative Fund 
 Gartmore Optimal Allocations Fund: Moderate 
 Gartmore Optimal Allocations Fund: Moderate Growth 
 Gartmore Optimal Allocations Fund: Growth 
 Gartmore Optimal Allocations Fund: Specialty 
 Gartmore Optimal Allocations Fund: Defensive 
 Gartmore Large Cap Value Fund 
 Gartmore Micro Cap Equity Fund 
 Gartmore Mid Cap Growth Fund 
 Gartmore Mid Cap Market Index Fund 
 Gartmore Money Market Fund 
 Gartmore Short
Duration Bond Fund 
 Gartmore Enhanced Income Fund (formerly Gartmore Morley Enhanced Income Fund) 
 Gartmore Nationwide Fund 
 Gartmore S&P
500 Index Fund 
 Gartmore Small Cap Index Fund 
 Gartmore Value Opportunities Fund 
 2) Each of the following series of Gartmore Variable
Insurance Trust is a “NWD Fund”: 
 American Funds GVIT Growth Fund 
 American Funds GVIT Global Growth Fund 
 American Funds GVIT Asset Allocation Fund

 American Funds GVIT Bond Fund 
 American Funds GVIT Growth-Income Fund 
 Van Kampen GVIT Comstock Value Fund 
 GVIT International Value Fund (Formerly Dreyfus GVIT International Value Fund) 
 Federated GVIT High Income Bond Fund 
 Gartmore GVIT Emerging Markets Fund 
 Gartmore GVIT Global Financial Services Fund 
 Gartmore GVIT Global Health Sciences
Fund 
 Gartmore GVIT Global Technology and Communications Fund 
 Gartmore GVIT Global Utilities Fund 
 Gartmore GVIT Government Bond Fund 
 Gartmore GVIT Growth Fund 

 Gartmore GVIT International Growth Fund 
 Gartmore GVIT Investor Destinations Aggressive Fund 
 Gartmore GVIT Investor
Destinations Moderately Aggressive Fund 
 Gartmore GVIT Investor Destinations Moderate Fund 
 Gartmore GVIT Investor Destinations Moderately Conservative Fund 
 Gartmore GVIT Investor Destinations Conservative Fund 
 Gartmore GVIT Mid Cap Growth Fund 
 Gartmore GVIT Money Market Fund 
 Gartmore
GVIT Money Market Fund II 
 Gartmore GVIT Nationwide Fund 
 Gartmore GVIT Nationwide Leaders Fund 
 Gartmore GVIT U.S. Growth Leaders Fund 
 Gartmore GVIT Worldwide Leaders Fund 
 GVIT
Mid Cap Index Fund (Formerly Dreyfus GVIT Mid Cap Index Fund) 
 GVIT S&P 500 Index Fund (Formerly GVIT Equity 500 Index
Fund) 
 GVIT Small Company Fund 
 GVIT Small Cap Growth Fund 
 GVIT Small Cap Value Fund 
 J.P. Morgan GVIT Balanced Fund 
 Van Kampen GVIT Multi Sector Bond Fund 
 GVIT Bond Index Fund 
 GVIT Enhanced Income
Fund 
 GVIT International Index Fund 
 GVIT Small Cap Index Fund 
 3) The NorthPointe Small Cap Growth Fund and the NorthPointe Small Cap Value Fund

 4) The Non-Acquisition Funds listed in Exhibit A are incorporated herein by reference.Executive Retention Agreement

 Exhibit 10.1 
 MYRIAD GENETICS, INC. 
 Executive Retention Agreement 
 THIS EXECUTIVE RETENTION AGREEMENT (this “Agreement”), by and between Myriad Genetics, Inc., a Delaware corporation (the “Company”),
and Mark C. Capone (the “Executive”), is made as of November 17, 2006 (the “Effective Date”). 
 WHEREAS, the
Company recognizes that, as is the case with many publicly-held corporations, the possibility of a change in control of the Company exists and that such possibility, and the uncertainty and questions which it may raise among key personnel, may
result in the departure or distraction of key personnel to the detriment of the Company and its stockholders, and 
 WHEREAS, the Board of
Directors of the Company (the “Board”) has determined that appropriate steps should be taken to reinforce and encourage the continued employment and dedication of the Company’s key personnel without distraction from the possibility of
a change in control of the Company and related events and circumstances. 
 NOW, THEREFORE, as an inducement for and in consideration of the
Executive remaining in its employ, the Company agrees that the Executive shall receive the benefits set forth in this Agreement, including without limitation, those benefits in the event the Executive’s employment with the Company is terminated
under the circumstances described below subsequent to a Change in Control (as defined in Section 1.1). 
 1. Key Definitions.

 As used herein, the following terms shall have the following respective meanings: 
 1.1 “Change in Control” means an event or occurrence set forth in any one or more of subsections (a) through (d) below
(including an event or occurrence that constitutes a Change in Control under one of such subsections but is specifically exempted from another such subsection): 
 (a) the acquisition by an individual, entity or group (within the meaning of Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”) of
beneficial ownership of any capital stock of the Company if, after such acquisition, such Person beneficially owns (within the meaning of Rule 13d-3 promulgated under the Exchange Act) 20% or more of either (i) the then-outstanding shares of
common stock of the Company (the “Outstanding Company Common Stock”) or (ii) the combined voting power of the then-outstanding securities of the Company entitled to vote generally in the election of directors (the “Outstanding
Company Voting Securities”); provided, however, that for purposes of this subsection (a), the following acquisitions shall not constitute a Change in Control: (i) any acquisition directly from the Company (excluding an acquisition
pursuant to the exercise, conversion or exchange of any security exercisable for, convertible into 

 
or exchangeable for common stock or voting securities of the Company, unless the Person exercising, converting or exchanging such security acquired such
security directly from the Company or an underwriter or agent of the Company), (ii) any acquisition by the Company, or (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any
corporation controlled by the Company; or 
 (b) such time as the Continuing Directors (as defined below) do not constitute a majority of
the Board (or, if applicable, the Board of Directors of a successor corporation to the Company), where the term “Continuing Director” means at any date a member of the Board (i) who was a member of the Board on the date of the
execution of this Agreement or (ii) who was nominated or elected subsequent to such date by at least a majority of the directors who were Continuing Directors at the time of such nomination or election or whose election to the Board was
recommended or endorsed by at least a majority of the directors who were Continuing Directors at the time of such nomination or election; provided, however, that there shall be excluded from this clause (ii) any individual whose
initial assumption of office occurred as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents, by or on behalf of a person other
than the Board; or 
 (c) the consummation of a merger, consolidation, reorganization, recapitalization or share exchange involving the
Company or a sale or other disposition of all or substantially all of the assets of the Company in one or a series of transactions (a “Business Combination”), unless, immediately following such Business Combination, the following condition
is satisfied: all or substantially all of the individuals and entities who were the beneficial owners of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own,
directly or indirectly, more than 50% of the then-outstanding shares of common stock and the combined voting power of the then-outstanding securities entitled to vote generally in the election of directors, respectively, of the resulting or
acquiring corporation in such Business Combination (which shall include, without limitation, a corporation which as a result of such transaction owns the Company or substantially all of the Company’s assets either directly or through one or
more subsidiaries) (such resulting or acquiring corporation is referred to herein as the “Acquiring Corporation”) in substantially the same proportions as their ownership, immediately prior to such Business Combination, of the Outstanding
Company Common Stock and Outstanding Company Voting Securities, respectively; or 
 (d) approval by the stockholders of the Company of a
complete liquidation or dissolution of the Company. 
 1.2 “Change in Control Date” means the first date during the Term (as
defined in Section 2) on which a Change in Control occurs. Anything in this Agreement to the contrary notwithstanding, if (a) a Change in Control occurs, (b) the Executive’s employment with the Company is terminated prior to the
date on which the Change in Control occurs, and (c) it is reasonably demonstrated by the Executive that such termination of employment (i) was at the request of a third party who has taken steps reasonably calculated to effect a Change in
Control or (ii) otherwise arose in connection with or in anticipation of a Change in Control, then for all purposes of this Agreement the “Change in Control Date” shall mean the date immediately prior to the date of such termination
of employment. 
  

 -2- 

 1.3 “Cause” means: 
 (a) the Executive’s willful and continued failure to substantially perform his or her reasonable assigned duties (other than any such failure
resulting from incapacity due to physical or mental illness or any failure after the Executive gives notice of termination for Good Reason), which failure is not cured within 30 days after a written demand for substantial performance is received by
the Executive from the Board of Directors of the Company which specifically identifies the manner in which the Board of Directors believes the Executive has not substantially performed the Executive’s duties; or 
 (b) the Executive’s willful engagement in illegal conduct or gross misconduct which is materially and demonstrably injurious to the Company.

 For purposes of this Section 1.3, no act or failure to act by the Executive shall be considered “willful” unless it is
done, or omitted to be done, in bad faith and without reasonable belief that the Executive’s action or omission was in the best interests of the Company. 
 1.4 “Good Reason” means the occurrence, without the Executive’s written consent, of any of the events or circumstances set forth in clauses (a) through (f) below. 
 (a) the assignment to the Executive of duties inconsistent in any material respect with the Executive’s position (including status, offices, titles
and reporting requirements), authority or responsibilities in effect immediately prior to the earliest to occur of (i) the Change in Control Date, (ii) the date of the execution by the Company of the initial written agreement or instrument
providing for the Change in Control or (iii) the date of the adoption by the Board of Directors of a resolution providing for the Change in Control (with the earliest to occur of such dates referred to herein as the “Measurement
Date”), or any other action or omission by the Company which results in a material diminution in such position, authority or responsibilities; 
 (b) a reduction in the Executive’s annual base salary as in effect on the Measurement Date; 
 (c) the
failure by the Company to (i) continue in effect any material compensation, pension, retirement or benefit plan or program (including without limitation any 401(k), life insurance, medical, health and accident or disability plan and any
vacation program or policy) (a “Benefit Plan”) in which the Executive participates or which is applicable to the Executive immediately prior to the Measurement Date, unless an equitable arrangement (embodied in an ongoing substitute or
alternative plan) has been made with respect to such plan or program, (ii) continue the Executive’s participation therein (or in such substitute or alternative plan) on a basis not materially less favorable, both in terms of the amount of
benefits provided and the level of the Executive’s participation relative to other participants, than the basis existing immediately prior to the Measurement Date or (iii) award cash bonuses to the Executive in amounts and in a manner
substantially consistent with past practice; 
  

 -3- 

 (d) a change by the Company in the location at which the Executive performs his or her principal duties
for the Company to a new location that is both (i) outside a radius of 50 miles from the Executive’s principal residence immediately prior to the Measurement Date and (ii) more than 50 miles from the location at which the Executive
performed his or her principal duties for the Company immediately prior to the Measurement Date; or a requirement by the Company that the Executive travel on Company business to a substantially greater extent than required immediately prior to the
Measurement Date; 
 (e) the failure of the Company to obtain the agreement from any successor to the Company to assume and agree to perform
this Agreement, as required by Section 7.1; or 
 (f) any failure of the Company to pay or provide to the Executive any portion of the
Executive’s compensation or benefits due under any Benefit Plan within seven days of the date such compensation or benefits are due, or any material breach by the Company of this Agreement or any employment agreement with the Executive.

 In addition, in an effort to foster and retain the employment of the Executive following a Change in Control, the termination of employment by the
Executive for any reason (except for those set forth in section 1.4(a)-(f)), or no reason, during the 90-day period beginning on the first anniversary of the Change in Control Date shall be deemed to be termination for Good Reason for all purposes
under this Agreement; however, in the case of a termination of employment by the Executive pursuant to this paragraph, those benefits payable to the Executive under section 4.1(a)(i)(2) shall be reduced by one-half. 
 The Executive’s right to terminate his or her employment for Good Reason shall not be affected by his or her incapacity due to physical or mental
illness. 
 1.5 “Disability” means the Executive’s absence from the full-time performance of the Executive’s
duties with the Company for 180 consecutive calendar days as a result of incapacity due to mental or physical illness which is determined to be total and permanent by a physician selected by the Company or its insurers and acceptable to the
Executive or the Executive’s legal representative. 
 2. Term of Agreement. This Agreement, and all rights and obligations of the
parties hereunder, shall take effect upon the Effective Date and shall expire upon the first to occur of (a) the expiration of the Term (as defined below) if a Change in Control has not occurred during the Term, (b) the date 24 months
after the Change in Control Date, if the Executive is still employed by the Company as of such later date, or (c) the fulfillment by the Company of all of its obligations under this Agreement if the Executive’s employment with the Company
terminates within 24 months following the Change in Control Date. “Term” shall mean the period commencing as of the Effective Date and continuing in effect through December 31, 2015; provided, however, that commencing on
January 1, 2016 and each January 1 thereafter, the Term shall be automatically extended for one additional year unless, not later than 90 days prior to the scheduled expiration of the Term (or any extension thereof), the Company shall have
given the Executive written notice that the Term will not be extended. 
  

 -4- 

 3. Employment Status; Termination Following Change in Control. 
 3.1 Not an Employment Contract. The Executive acknowledges that this Agreement does not constitute a contract of employment or impose on the
Company any obligation to retain the Executive as an employee and that this Agreement does not prevent the Executive from terminating employment at any time. If the Executive’s employment with the Company terminates for any reason and
subsequently a Change in Control shall occur, the Executive shall not be entitled to any benefits hereunder except as otherwise provided pursuant to Section 1.2. 
 3.2 Termination of Employment. 
 (a) If the Change in Control Date occurs during the Term, any
termination of the Executive’s employment by the Company or by the Executive within 24 months following the Change in Control Date (other than due to the death of the Executive) shall be communicated by a written notice to the other party
hereto (the “Notice of Termination”), given in accordance with Section 8. Any Notice of Termination shall: (i) indicate the specific termination provision (if any) of this Agreement relied upon by the party giving such notice,
(ii) to the extent applicable, set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated and (iii) specify the Date of
Termination (as defined below). The effective date of an employment termination (the “Date of Termination”) shall be the close of business on the date specified in the Notice of Termination (which date may not be less than 15 days or more
than 120 days after the date of delivery of such Notice of Termination) in the case of a termination other than one due to the Executive’s death. In the case of the Executive’s death, the Date of Termination shall be the date of the
Executive’s death. In the event the Company fails to satisfy the requirements of Section 3.2(a) regarding a Notice of Termination, the purported termination of the Executive’s employment pursuant to such Notice of Termination shall
not be effective for purposes of this Agreement. 
 (b) The failure by the Executive or the Company to set forth in the Notice of
Termination any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of the Executive or the Company, respectively, hereunder or preclude the Executive or the Company, respectively, from asserting any
such fact or circumstance in enforcing the Executive’s or the Company’s rights hereunder. 
 (c) Any Notice of Termination for
Cause given by the Company must be given within 90 days of the occurrence (or if later, the discovery) of the event(s) or circumstance(s) which constitute(s) Cause. Prior to any Notice of Termination for Cause being given (and prior to any
termination for Cause being effective), the Executive shall be entitled to a hearing before the Board of Directors of the Company at which he or she may, at his or her election, be represented by counsel and at which he or she shall have a
reasonable opportunity to be heard. Such hearing shall be held on not less than 15 days prior written notice to the Executive stating the Board of Directors’ intention to terminate the Executive for Cause and stating in detail the particular
event(s) or circumstance(s) which the Board of Directors believes constitutes Cause for termination. 
  

 -5- 

 (d) Any Notice of Termination for Good Reason given by the Executive must be given within 90 days of the
occurrence of the event(s) or circumstance(s) which constitute(s) Good Reason. 
 4. Benefits to Executive. 
 4.1 Benefits. If a Change in Control Date occurs during the Term and the Executive’s employment with the Company terminates within 24 months
following the Change in Control Date, the Executive shall be entitled to the following benefits: 
 (a) Termination Without Cause or for
Good Reason. If the Executive’s employment with the Company is terminated by the Company (other than for Cause, Disability or Death) or by the Executive for Good Reason within 24 months following the Change in Control Date, then the
Executive shall be entitled to the following benefits: 
 (i) the Company shall pay to the Executive the following amounts: 
 (1) in a lump sum, in cash, within 30 days after the Date of Termination, the sum of (A) the Executive’s base salary through the Date of
Termination, (B) a pro rata current year bonus amount (calculated by dividing the number of full and partial months of the current fiscal year in which the Executive is employed through the Date of Termination by 12, and multiplying this
fraction by the highest annual bonus payment amount paid to Executive in the preceding three years), and (C) the amount of any compensation previously deferred by the Executive (together with any accrued interest or earnings thereon) and any
accrued vacation pay, in each case to the extent not previously paid (the sum of the amounts described in clauses (A), (B), and (C) shall be hereinafter referred to as the “Accrued Obligations”); and 
 (2) in a lump sum, in cash, within 30 days after the Date of Termination, the sum of (A) three times the Executive’s highest annual base
salary at the Company during the three-year period prior to the Change in Control Date and (B) three times the Executive’s highest annual bonus amount at the Company during the three-year period prior to the Change in Control Date;

 (ii) for 36 months after the Date of Termination, or such longer period as may be provided by the terms of the appropriate plan, program,
practice or policy, the Company shall continue to provide benefits to the Executive and the Executive’s family at least equal to those which would have been provided to them if the Executive’s employment had not been terminated, in
accordance with the applicable Benefit Plans in effect on the Measurement Date or, if more favorable to the Executive and his or her family, in effect generally at any time thereafter with respect to other peer executives of the Company and its
affiliated companies; provided, however, that if the Executive becomes reemployed with another employer and is eligible to receive a particular type of benefits (e.g., health insurance benefits) from such employer on terms at least as
favorable to the Executive and his or her family as those being provided by the Company, then the Company shall no longer be required to provide those particular benefits to the Executive and his or her family; and 
  

 -6- 

 (iii) to the extent not previously paid or provided, the Company shall timely pay or provide to the
Executive any other amounts or benefits required to be paid or provided or which the Executive is eligible to receive following the Executive’s termination of employment under any plan, program, policy, practice, contract or agreement of the
Company and its affiliated companies (such other amounts and benefits shall be hereinafter referred to as the “Other Benefits”). 
 (b) Resignation without Good Reason; Termination for Death or Disability. If the Executive voluntarily terminates his or her employment with the Company within 24 months following the Change in Control Date, excluding a termination
for Good Reason, or if the Executive’s employment with the Company is terminated by reason of the Executive’s death or Disability within 24 months following the Change in Control Date, then the Company shall (i) pay the Executive (or
his or her estate, if applicable), in a lump sum in cash within 30 days after the Date of Termination, the Accrued Obligations and (ii) timely pay or provide to the Executive the Other Benefits. 
 (c) Termination for Cause. If the Company terminates the Executive’s employment with the Company for Cause within 24 months following the
Change in Control Date, then the Company shall only pay the Executive such amounts, and provide such benefits, as is required by law. 
 4.2
Vesting of Stock Options. Upon the occurrence of a Change in Control, the Company shall cause all Executive options to purchase Company stock, which options were issued pursuant to the Company’s employee stock option plans and which
options are outstanding immediately prior to the Change in Control Date, to become fully vested and exercisable as of the Change in Control Date. 
 4.3 Mitigation. The Executive shall not be required to mitigate the amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise. Further, the amount of any payment or benefits
provided for in this Section 4 shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the
Company or otherwise. 
 4.4 Outplacement Services. In the event the Executive is terminated by the Company (other than for Cause,
Disability or Death), or the Executive terminates employment for Good Reason, within 24 months following the Change in Control Date, the Company shall provide outplacement services through one or more outside firms of the Executive’s choosing
up to an aggregate of $25,000, with such services to extend until the first to occur of (i) 12 months following the termination of Executive’s employment, or (ii) the date the Executive secures full time employment. 
 4.5 Release. As a condition to Executive receiving the benefits under section 4.1(a)(i)(2) and (3), the Executive must first execute and deliver
to Company a general release of claims against the Company and its affiliates in a form substantially similar to the general release attached hereto as Exhibit A, and such release, by its terms, has become irrevocable. 
  

 -7- 

 5. Certain Additional Payments By Company. 
 5.1 General. Notwithstanding anything in this Agreement to the contrary and except as set forth in this Section 5, in the event it shall be
determined that any payment, benefit or distribution by the Company to or for the benefit of the Executive (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, but determined without regard
to any additional payments required under this Section 5) (a “Payment”) would be subject to the excise tax imposed by section 4999 of the Internal Revenue Code of 1986, as amended, or any interest or penalties are incurred by the
Executive with respect to such excise tax (such excise tax, together with any such interest and penalties, are hereinafter collectively referred to as the “Excise Tax”), then the Executive shall be entitled to receive an additional payment
(a “Gross-Up Payment”) in an amount such that after payment by the Executive of all taxes, including, without limitation, any income and payroll taxes (and any interest and penalties imposed with respect thereto) and Excise Tax imposed
upon the Gross-Up Payment, the Executive retains an amount of the Gross-Up Payment equal to the Excise Tax (including any interest or penalties imposed with respect to such taxes) imposed upon the Payments. 
 5.2 Procedures. Subject to the provisions of Section 5.3, all determinations required to be made under this Section 5, including whether
and when a Gross-Up Payment is required and the amount of such Gross-Up Payment and the assumptions to be utilized in arriving at such determination, shall be made by KPMG LLP or such other certified public accounting firm as may be designated by
the Executive and reasonably acceptable to the Company (the “Accounting Firm”) which shall provide detailed supporting calculations both to the Company and the Executive within 15 business days of the receipt of notice from the Executive
that there has been a Payment, or such earlier time as is requested by the Company. In the event that the Accounting Firm is serving as accountant or auditor for the individual, entity or group effecting the Change in Control, the Executive may
appoint another nationally recognized accounting firm and reasonably acceptable to the Company to make the determinations required hereunder (which accounting firm shall then be referred to as the Accounting Firm hereunder). All fees and expenses of
the Accounting Firm shall be borne solely by the Company. Any Gross-Up Payment, as determined pursuant to this Section 5, shall be paid by the Company to the Executive within five business days of the receipt of the Accounting Firm’s
determination. Any determination by the Accounting Firm shall be binding upon the Company and the Executive, subject to any determination otherwise by the Internal Revenue Service. As a result of the uncertainty in the application of
Section 4999 of the Code at the time of the initial determination by the Accounting Firm hereunder, it is possible that Gross-Up Payments which will not have been made by the Company should have been made (“Underpayment”), consistent
with the calculations required to be made hereunder. In the event that the Company exhausts its remedies pursuant to Section 5.3 and the Executive thereafter is required to make a payment of any Excise Tax, the Accounting Firm shall determine
the amount of the Underpayment that has occurred and any such Underpayment shall be promptly paid by the Company to or for the benefit of the Executive. In addition, in certain instances an election may be made to recalculate the Excise Tax under
applicable law. The Company may exercise such election and cause a recalculation to be made by the Accounting Firm, subject to the other provisions hereof. 
 5.3 Notification of Claims. The Executive shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would require the 

  

 -8- 

 
payment by the Company of the Gross-Up Payment. The Executive shall not pay such claim prior to the expiration of the 30-day period following the date on
which it gives such notice to the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company notifies the Executive in writing prior to the expiration of such period that it
desires to contest such claim, the Executive shall: 
 (i) give the Company any information reasonably requested by the Company relating to
such claim, 
 (ii) take such action in connection with contesting such claim as the Company shall reasonably request in writing from time to
time, including, without limitation, accepting legal representation with respect to such claim by attorneys reasonably selected by the Company, 
 (iii) cooperate with the Company in good faith in order effectively to contest such claim, and 
 (iv) permit the Company to
participate in any proceedings relating to such claim; provided, however, that the Company shall bear and pay directly all costs and expenses (including additional interest and penalties) incurred in connection with such contest and shall indemnify
and hold the Executive harmless, on an after-tax basis, for any Excise Tax or income tax (including interest and penalties with respect thereto) imposed as a result of such representation and payment of costs and expenses. Without limitation on the
foregoing provisions of this Section 5.3, the Company shall control all proceedings taken in connection with such contest and, at its sole option, may pursue or forgo any and all administrative appeals, proceedings, hearings and conferences
with the taxing authority in respect of such claim and may, at its sole option, either direct the Executive to pay the tax claimed and sue for a refund or contest the claim in any permissible manner, and the Executive agrees to prosecute such
contest to a determination before any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as the Company shall determine; provided, however, that if the Company directs the Executive to pay such claim and
sue for a refund, the Company shall advance the amount of such payment to the Executive, on an interest-free basis and shall indemnify and hold the Executive harmless, on an after-tax basis, from any Excise Tax or income tax (including interest or
penalties with respect thereto) imposed with respect to such advance or with respect to any imputed income with respect to such advance; and further provided that any extension of the statute of limitations relating to payment of taxes for the
taxable year of the Executive with respect to which such contested amount is claimed to be due is limited solely to such contested amount. Furthermore, the Company’s control of the contest shall be limited to issues with respect to which a
Gross-Up Payment would be payable hereunder and the Executive shall be entitled to settle or contest, as the case may be, any other issue raised by the Internal Revenue Service or any other taxing authority. 
 5.4 Refunds. If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 5.3, the Executive becomes
entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s complying with the requirements of Section 5.3) promptly pay to the Company the amount of such refund (together with any interest
actually paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 5.3, a determination is made that the Executive shall not be entitled to any
refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of 30 days after such determination, then such advance shall be forgiven and shall not
be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid. 
  

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 5.5 Sarbanes Oxley Act. No provision of this Section 5 is intended to be in violation of the
loan prohibitions of the Sarbanes-Oxley Act and to the extent any payment would be in violation thereof, such amounts shall be deemed a payment to the Executive with no obligation to refund or otherwise repay. 
 6. Disputes. 
 6.1 Settlement of
Disputes; Arbitration. All claims by the Executive for benefits under this Agreement shall be directed to and determined by the Board of Directors of the Company and shall be in writing. Any denial by the Board of Directors of a claim for
benefits under this Agreement shall be delivered to the Executive in writing and shall set forth the specific reasons for the denial and the specific provisions of this Agreement relied upon. The Board of Directors shall afford a reasonable
opportunity to the Executive for a review of the decision denying a claim. Any further dispute or controversy arising under or in connection with this Agreement shall be settled exclusively by arbitration in Salt Lake City, Utah, in accordance with
the rules of the American Arbitration Association then in effect. Judgment may be entered on the arbitrator’s award in any court having jurisdiction. 
 6.2 Expenses. The Company agrees to pay as incurred, to the full extent permitted by law, all legal, accounting and other fees and expenses which the Executive may reasonably incur as a result of any claim or
contest (regardless of the outcome thereof) by the Company, the Executive or others regarding the validity or enforceability of, or liability under, any provision of this Agreement or any guarantee of performance thereof (including as a result of
any contest by the Executive regarding the amount of any payment or benefits pursuant to this Agreement), plus in each case interest on any delayed payment at the applicable Federal rate provided for in Section 7872(f)(2)(A) of the Code. This
Section 6.2 shall not apply to any claim made by the Executive which is not made in good faith or which is determined by the arbitrator or a court to be frivolous. 
 6.3 Compensation During a Dispute. If the Change in Control Date occurs during the Term and the Executive’s employment with the Company terminates within 24 months following the Change in Control Date, and
the right of the Executive to receive any benefits under this Agreement (or the amount or nature of the benefits to which he or she is entitled to receive) are the subject of a dispute between the Company and the Executive, the Company shall
continue (a) to pay to the Executive his or her base salary in effect as of the Measurement Date and (b) to provide benefits to the Executive and the Executive’s family at least equal to those which would have been provided to them,
if the Executive’s employment had not been terminated, in accordance with the applicable Benefit Plans in effect on the Measurement Date, until such dispute is resolved either by mutual written agreement of the parties or by an
arbitrator’s award pursuant to Section 6.1, but in no event more than 12 months after the date of such dispute. Following the resolution of such dispute, the sum of the payments made to the Executive under clause (a) of this
Section 6.3 shall be deducted from any cash payment which the Executive is entitled to receive pursuant to Section 4; and if such sum exceeds the amount of the cash payment which the Executive is entitled to receive pursuant to
Section 4, the excess of such sum over the amount of such payment shall be repaid (without interest) by the Executive to the Company within 60 days of the resolution of such dispute. 
  

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 7. Successors. 
 7.1 Successor to Company. The Company shall require any Acquiring Corporation or any other successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to at least one-third or more
of Company’s gross assets to expressly assume and agree to perform this Agreement to the same extent that the Company would be required to perform it if no such succession had taken place. Failure of the Company to obtain an assumption of this
Agreement at or prior to the effectiveness of any succession shall be a breach of this Agreement and shall constitute Good Reason if the Executive elects to terminate employment, except that for purposes of implementing the foregoing, the date on
which any such succession becomes effective shall be deemed the Date of Termination. As used in this Agreement, “Company” shall mean the Company as defined above and any successor to its business or assets as aforesaid which assumes and
agrees to perform this Agreement, by operation of law or otherwise. 
 7.2 Successor to Executive. This Agreement shall inure to the
benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive should die while any amount would still be payable to the
Executive or his or her family hereunder if the Executive had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the executors, personal representatives or
administrators of the Executive’s estate. 
 8. Notice. All notices, instructions and other communications given hereunder or in
connection herewith shall be in writing. Any such notice, instruction or communication shall be sent either (i) by registered or certified mail, return receipt requested, postage prepaid, or (ii) prepaid via a reputable nationwide
overnight courier service, in each case addressed to the Company, at 320 Wakara Way, Salt Lake City, Utah 84108, Attn: General Counsel, and to the Executive at the address for notices indicated below (or to such other address as either the Company
or the Executive may have furnished to the other in writing in accordance herewith). Any such notice, instruction or communication shall be deemed to have been delivered five business days after it is sent by registered or certified mail, return
receipt requested, postage prepaid, or one business day after it is sent via a reputable nationwide overnight courier service. Either party may give any notice, instruction or other communication hereunder using any other means, but no such notice,
instruction or other communication shall be deemed to have been duly delivered unless and until it actually is received by the party for whom it is intended. 
 9. Miscellaneous. 
 9.1 Employment by Subsidiary. For purposes of this Agreement, the
Executive’s employment with the Company shall not be deemed to have terminated solely as a result of the Executive continuing to be employed by a wholly-owned subsidiary of the Company. 
  

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 9.2 Severability. The invalidity or unenforceability of any provision of this Agreement shall not
affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 
 9.3
Injunctive Relief. The Company and the Executive agree that any breach of this Agreement by the Company is likely to cause the Executive substantial and irrevocable damage and therefore, in the event of any such breach, in addition to such
other remedies which may be available, the Executive shall have the right to specific performance and injunctive relief. 
 9.4 Governing
Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the internal laws of the State of Utah, without regard to conflicts of law principles. 
 9.5 Waivers. No waiver by the Executive at any time of any breach of, or compliance with, any provision of this Agreement to be performed by the
Company shall be deemed a waiver of that or any other provision at any subsequent time. 
 9.6 Counterparts. This Agreement may be
executed in counterparts, each of which shall be deemed to be an original but both of which together shall constitute one and the same instrument. 
 9.7 Tax Withholding. Any payments provided for hereunder shall be paid net of any applicable tax withholding required under federal, state or local law. 
 9.8 Entire Agreement. This Agreement sets forth the entire agreement of the parties hereto in respect of the subject matter contained herein and supersedes all prior agreements, promises, covenants,
arrangements, communications, representations or warranties, whether oral or written, by any officer, employee or representative of any party hereto in respect of the subject matter contained herein; and any prior agreement of the parties hereto in
respect of the subject matter contained herein is hereby terminated and cancelled. 
 9.9 Amendments. This Agreement may be amended or
modified only by a written instrument executed by both the Company and the Executive. 
 IN WITNESS WHEREOF, the parties hereto have executed
this Agreement as of the day and year first set forth above. 
  

							
	MYRIAD GENETICS, INC.	 	EXECUTIVE
				
		 	 /s/ Peter D. Meldrum
	 		 	 /s/ Mark C. Capone

	 By:
	 	 Peter D. Meldrum
	 	Name:	 	Mark C. Capone
	 Title:
	 	 President and CEO
	 	Address:	 	

  

 -12- 

 EXHIBIT A 
 GENERAL RELEASE 
 1. General Release. In consideration of the payments and benefits to be made under that certain
Executive Retention Agreement, dated November 17, 2006, (the “Agreement”), Mark C. Capone (the “Executive”), with the intention of binding the Executive and the Executive’s heirs, executors, administrators and assigns,
does hereby release, remise, acquit and forever discharge Myriad Genetics, Inc. (the “Company”) and each of its subsidiaries and affiliates (the “Company Affiliated Group”), their present and former officers, directors,
executives, agents, attorneys, employees and employee benefits plans (and the fiduciaries thereof), and the successors, predecessors and assigns of each of the foregoing (collectively, the “Company Released Parties”), of and from any and
all claims, actions, causes of action, complaints, charges, demands, rights, damages, debts, sums of money, accounts, financial obligations, suits, expenses, attorneys’ fees and liabilities of whatever kind or nature in law, equity or
otherwise, whether accrued, absolute, contingent, unliquidated or otherwise and whether now known or unknown, suspected or unsuspected which the Executive, individually or as a member of a class, now has, owns or holds, or has at any time heretofore
had, owned or held, against any Company Released Party in any capacity, including, without limitation, any and all claims (i) arising out of or in any way connected with the Executive’s service to any member of the Company Affiliated Group
(or the predecessors thereof) in any capacity, or the termination of such service in any such capacity, (ii) for severance or vacation benefits, unpaid wages, salary or incentive payments, (iii) for breach of contract, wrongful discharge,
impairment of economic opportunity, defamation, intentional infliction of emotional harm or other tort and (iv) for any violation of applicable state and local labor and employment laws (including, without limitation, all laws concerning
unlawful and unfair labor and employment practices), any and all claims based on the Executive Retirement Income Security Act of 1974 (“ERISA”), any and all claims arising under the civil rights laws of any federal, state or local
jurisdiction, including, without limitation, Title VII of the Civil Rights Act of 1964 (“Title VII”), the Americans with Disabilities Act (“ADA”), Sections 503 and 504 of the Rehabilitation Act, the Family and Medical Leave Act,
and any and all claims under any whistleblower laws or whistleblower provisions of other laws, excepting only: 
 (a) rights of the Executive
under this General Release and the Agreement; 
 (b) rights of the Executive relating to equity awards held by the Executive as of his or her
Date of Termination (as defined in the Agreement); 
 (c) the right of the Executive to receive COBRA continuation coverage in accordance
with applicable law; 
 (d) rights to indemnification the Executive may have (i) under applicable corporate law, (ii) under the
by-laws or certificate of incorporation of any Company Released Party or (iii) as an insured under any director’s and officer’s liability insurance policy now or previously in force; 
 (e) claims (i) for benefits under any health, disability, retirement, deferred compensation, life insurance or other, similar Executive benefit plan
or arrangement of the Company Affiliated Group and (ii) for earned but unused vacation pay through the Date of Termination in accordance with applicable Company policy; and 

 -13- 

 (f) claims for the reimbursement of unreimbursed business expenses incurred prior to the Date of
Termination pursuant to applicable Company policy. 
 2. No Admissions. The Executive acknowledges and agrees that this General Release is not to be
construed in any way as an admission of any liability whatsoever by any Company Released Party, any such liability being expressly denied. 
 3.
Application to all Forms of Relief. This General Release applies to any relief no matter how called, including, without limitation, wages, back pay, front pay, compensatory damages, liquidated damages, punitive damages for pain or suffering,
costs and attorney’s fees and expenses. 
 4. Specific Waiver. The Executive specifically acknowledges that his or her acceptance of the terms of
this General Release is, among other things, a specific waiver of his or her rights, claims and causes of action under Title VII, ADEA, ADA and any state or local law or regulation in respect of discrimination of any kind; provided, however, that
nothing herein shall be deemed, nor does anything herein purport, to be a waiver of any right or claim or cause of action which by law the Executive is not permitted to waive. 
 5. No Complaints or Other Claims. The Executive acknowledges and agrees that he or she has not, with respect to any transaction or state of facts existing prior to the date hereof, filed any complaints, charges
or lawsuits against any Company Released Party with any governmental agency, court or tribunal. 
 6. Conditions of General Release. 
 (a) Terms and Conditions. From and after the Date of Termination, the Executive shall abide by all the terms and conditions of this General Release and
the terms and any conditions set forth in any employment or confidentiality agreements signed by the Executive, which is incorporated herein by reference. 
 (b) Confidentiality. The Executive shall not, without the prior written consent of the Company or as may otherwise be required by law or any legal process, or as is necessary in connection with any adversarial
proceeding against any member of the Company Affiliated Group (in which case the Executive shall cooperate with the Company in obtaining a protective order at the Company’s expense against disclosure by a court of competent jurisdiction),
communicate, to anyone other than the Company and those designated by the Company or on behalf of the Company in the furtherance of its business, any trade secrets, confidential information, knowledge or data relating to any member of the Company
Affiliated Group, obtained by the Executive during the Executive’s employment by the Company that is not generally available public knowledge (other than by acts by the Executive in violation of this General Release). 
 (c) Return of Company Material. The Executive represents that he or she has returned to the Company all Company Material (as defined below). For purposes
of this Section 6(c), “Company Material” means any documents, files and other property and information of any kind belonging or relating to (i) any member of the Company Affiliated Group, (ii) the current and former
suppliers, creditors, directors, officers, employees, agents and customers of any of them or (iii) the businesses, products, services and operations (including without limitation, business, 

  

 -14- 

 
financial and accounting practices) of any of them, in each case whether tangible or intangible (including, without limitation, credit cards, building and
office access cards, keys, computer equipment, cellular telephones, pagers, electronic devices, hardware, manuals, files, documents, records, software, customer data, research, financial data and information, memoranda, surveys, correspondence,
statistics and payroll and other employee data, and any copies, compilations, extracts, excerpts, summaries and other notes thereof or relating thereto), excluding only information (x) that is generally available public knowledge or
(y) that relates to the Executive’s compensation or Executive benefits. 
 (d) Cooperation. Following the Termination Date, the
Executive shall reasonably cooperate with the Company upon reasonable request of the Board and be reasonably available to the Company with respect to matters arising out of the Executive’s services to the Company Affiliated Group. 

(e) Nondisparagement. The Executive agrees not to communicate negatively about or otherwise disparage any Company Released Party or the products or
businesses of any of them in any way whatsoever. 
 (f) Nonsolicitation. The Executive agrees that for the period of time beginning on the
date hereof and ending on the second anniversary of the Executive’s Date of Termination, the Executive shall not, either directly or indirectly, solicit, entice, persuade, induce or otherwise attempt to influence any person who is employed by
any member of the Company Affiliated Group to terminate such person’s employment by such member of the Company Affiliated Group. The Executive also agrees that for the same period of time he or she shall not assist any person or entity in the
recruitment of any person who is employed by any member of the Company Affiliated Group. The Executive’s provision of a reference to or in respect of any individual shall not be a violation this Section 6(f). 
 (g) No Representation. The Executive acknowledges that, other than as set forth in this General Release and the Agreement, (i) no promises have been
made to him or her and (ii) in signing this General Release the Executive is not relying upon any statement or representation made by or on behalf of any Company Released Party and each or any of them concerning the merits of any claims or the
nature, amount, extent or duration of any damages relating to any claims or the amount of any money, benefits, or compensation due the Executive or claimed by the Executive, or concerning the General Release or concerning any other thing or matter.

 (h) Injunctive Relief. In the event of a breach or threatened breach by the Executive of this Section 6, the Executive agrees that
the Company shall be entitled to injunctive relief in a court of appropriate jurisdiction to remedy any such breach or threatened breach, the Executive acknowledging that damages would be inadequate or insufficient. 
 7. Voluntariness. The Executive agrees that he or she is relying solely upon his or her own judgment; that the Executive is over eighteen years of age and is
legally competent to sign this General Release; that the Executive is signing this General Release of his or her own free will; that the Executive has read and understood the General Release before signing it; and that the Executive is signing this
General Release in exchange for consideration that he or she believes is satisfactory and adequate. 
 8. Legal Counsel. The Executive acknowledges
that he or she has been informed of the right to consult with legal counsel and has been encouraged to do so. 
  

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 9. Complete Agreement/Severability. This General Release constitutes the complete and final agreement between the
parties and supersedes and replaces all prior or contemporaneous agreements, negotiations, or discussions relating to the subject matter of this General Release. All provisions and portions of this General Release are severable. If any provision or
portion of this General Release or the application of any provision or portion of the General Release shall be determined to be invalid or unenforceable to any extent or for any reason, all other provisions and portions of this General Release shall
remain in full force and shall continue to be enforceable to the fullest and greatest extent permitted by law. 
 10. Acceptance. The Executive
acknowledges that he or she has been given a period of twenty-one (21) days within which to consider this General Release, unless applicable law requires a longer period, in which case the Executive shall be advised of such longer period and
such longer period shall apply. The Executive may accept this General Release at any time within this period of time by signing the General Release and returning it to the Company. 
 11. Revocability. This General Release shall not become effective or enforceable until seven (7) calendar days after the Executive signs it. The Executive may revoke his or her acceptance of this General
Release at any time within that seven (7) calendar day period by sending written notice to the Company. Such notice must be received by the Company within the seven (7) calendar day period in order to be effective and, if so received,
would void this General Release for all purposes. 
 13. Governing Law. Except for issues or matters as to which federal law is applicable, this
General Release shall be governed by and construed and enforced in accordance with the laws of the State of Utah without giving effect to the conflicts of law principles thereof. 
 IN WITNESS WHEREOF, the Executive has executed this General Release as of the date last set forth below. 
  

					
	 EXECUTIVE

			
		 	 /s/ Mark C. Capone
	 	        Date: November 17, 2006
	Name:	 	Mark C. Capone

  

 -16-

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