Document:

exv10w1

 

Exhibit 10.1

FIRST AMENDMENT TO

CREDIT AGREEMENT

          THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “First Amendment”) is entered into as
of the 9th day of November, 2005 (the “First Amendment Closing Date”), by and among NRP
(OPERATING) LLC, a Delaware limited liability company (the “Borrower”), the banks and
other financial institutions listed on the signature pages hereto (together with each other person
who becomes a Lender, collectively the “Lenders”), CITIBANK, N.A., a national
banking association, individually as a Lender and as Administrative Agent (the “Administrative
Agent”), CITIGROUP GLOBAL MARKETS, INC. and WACHOVIA CAPITAL MARKETS, LLC, as Joint
Lead Arrangers and Joint Bookrunners and WACHOVIA BANK, NATIONAL ASSOCIATION, as Syndication Agent.

Preliminary Statement

          WHEREAS, Borrower, Administrative Agent and the Lenders are parties to that certain Credit
Agreement dated as of October 29, 2004 (as same may be further amended, restated, increased and
extended, the “Credit Agreement”), under and subject to the terms of which the Lenders have
committed to make Revolving Loans and issue Letters of Credit to Borrower; and

          WHEREAS, Borrower has now requested that the Administrative Agent and Lenders modify the
Credit Agreement and change certain terms thereof, and the Administrative Agent and Lenders have
agreed to do so; and

          WHEREAS, Borrower, Administrative Agent and the Lenders wish to execute this First Amendment
to evidence such agreement;

          NOW, THEREFORE, in consideration of the mutual covenants herein contained and for other good
and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Borrower,
Administrative Agent and the Lenders hereby agree as follows (all capitalized terms used herein and
not otherwise defined shall have the meanings as defined in the Credit Agreement):

          Section 1. Amendment to Section 1.01. Section 1.01 of the Credit Agreement is hereby
amended by deleting the table contained in the definition of “Applicable Margin” and
replacing it with the following:

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	ABR	 	Eurodollar	 	Commitment
	Leverage Ratio	 	Spread	 	Spread	 	Fee Rate
	Less than 1:0:1.0
	 	 	0.00	%	 	 	0.75	%	 	 	0.15	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Greater than or
equal to 1.0:1.0 but
less than 1.5:1.0
	 	 	0.00	%	 	 	0.875	%	 	 	0.20	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Greater than or
equal to 1.5:1.0 but
less than 2.0:1.0
	 	 	0.00	%	 	 	1.00	%	 	 	0.225	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Greater than or
equal to 2.0:1.0 but
less than 2.5:1.0
	 	 	0.25	%	 	 	1.25	%	 	 	0.30	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Greater than or
equal to 2.5:1.0 but
less than 3.75:1.0
	 	 	0.50	%	 	 	1.50	%	 	 	0.35	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Greater than 3.75:1.0
	 	 	1.00	%	 	 	2.00	%	 	 	0.40	%

          Section 2. Amendment to Section 1.01. Section 1.01 of the Credit Agreement is hereby
amended by deleting the definition of “Maturity Date” in its entirety and replacing it with
the following:

““Maturity Date” means November 9, 2010.”

          Section 3. Amendment to Section 2.06(b). Section 2.06(b) of the Credit Agreement is
hereby amended by deleting the last sentence of such section in its entirety and replacing it with
the following:

     “A Letter of Credit shall be issued, amended, renewed or extended only if (and
upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower
shall be deemed to represent and warrant that), after giving effect to such
issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed
$5,000,000 and (ii) the sum of the total Revolving Credit Exposures shall not exceed
the total Commitments.”

          Section 4. Amendment to Section 2.09. Section 2.09 of the Credit Agreement is hereby
amended by adding the following as Section 2.09(d):

    “(d) Borrower shall have the right to request extensions of the Maturity Date
as follows:

	 	“(i)	 	Provided that no Default or Event of Default shall have
occurred and be continuing, Borrower shall have two separate options to

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	 	 	 	request one-year extensions of the then-current Maturity Date, in
each case by giving notice to the Administrative Agent (an
“Extension Request”) substantially in the form of
Exhibit G attached hereto (i) no earlier than August 11,
2006 and no later than September 25, 2006, with respect to the first
Extension Request (the “First Extension Request”); and (ii)
no earlier than August 11, 2007 and no later than September 25,
2007, with respect to the second Extension Request (the “Second
Extension Request”). Borrower agrees and acknowledges that each
Extension Request shall be only for a one year extension of the
then-current Maturity Date and, therefore, Borrower’s failure to
timely deliver the First Extension Request will result in Borrower
being entitled to request an extension of the then-current Maturity
Date for only one year pursuant to the Second Extension Request. If
Borrower fails to timely deliver the First Extension Request and/or
the Second Extension Request, then Borrower shall have no further
right to deliver such Extension Request(s) and shall have no right
to extend the Maturity Date in connection with the applicable
Extension Request that was not timely delivered by Borrower. The
Administrative Agent shall promptly transmit the contents of each
Extension Request to each of the Lenders. Each Lender may, in its
sole and absolute discretion, indicate whether it consents to such
Extension Request by acknowledging such Extension Request and
indicating in its acknowledgment whether or not it consents to the
extension of the then-current Maturity Date and returning such
acknowledgment to the Administrative Agent within twenty-five (25)
days. Failure to acknowledge such Extension Request within such
twenty-five (25) day period shall be deemed to be a rejection of the
applicable Extension Request by such Lender (any Lender that
rejects, or is deemed to have rejected, an Extension Request is
hereinafter referred to as a “Declining Lender” and any
Lender that accepts such Extension Request is hereinafter referred
to as an “Extending Lender”). Notwithstanding any other
term or provision hereof, no Lender shall have any obligation to
consent to any extension of the Maturity Date. Provided that the
Required Lenders have agreed to an Extension Request, the
then-current Maturity Date shall be automatically extended for one
year in connection with such Extension Request with respect to, and
only with respect to, the Commitments of each Extending Lender.
Notwithstanding anything contained herein to the contrary, Borrower
shall have the right to withdraw any Extension Request by delivering
written notice to Administrative Agent at any time prior to the
earlier to occur of (A) with respect to the First Extension Request,
the first anniversary of the First Amendment Closing Date (the
“First Anniversary Date”), and with respect to the Second
Extension Request, the second anniversary of the First

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	 	 	 	Amendment Closing Date (the “Second Anniversary Date”); and
(B) the date that Borrower enters into any Commitment Increase
Agreement or New Lender Agreement in connection with the delivery of
such Extension Request. In the event Borrower timely withdraws any
Extension Request as set forth in the immediately preceding
sentence, the Maturity Date shall be the date that the Maturity Date
would have occurred had Borrower not delivered such Extension
Request.

	 	(ii)	 	With respect to the Commitments of the Declining
Lenders, Borrower may, in its sole discretion, but with the consent of
the Administrative Agent as to any Person that is not at such time a
Lender (which consent shall not be unreasonably withheld or delayed),
offer to any existing Lender or to one or more additional banks or
financial institutions the opportunity to participate in the
Commitments of the Declining Lenders by notifying the Administrative
Agent; provided that, notwithstanding anything in this Agreement to the
contrary, in no event shall less than the full amount of any specific
Declining Lender’s Commitment be allocated to such existing Lenders
and/or additional banks or financial institutions. Promptly and in any
event within five (5) Business Days after receipt of notice from the
Borrower of its desire to offer all or a portion of the Commitments of
the Declining Lenders to certain existing Lenders or such additional
banks or financial institutions identified by the Borrower and approved
by the Administrative Agent, the Administrative Agent shall notify such
proposed lenders of the opportunity to participate in the Commitments
of the Declining Lenders. The Commitments of any Declining Lenders
that are allocated to existing Lenders and/or such additional banks or
financial institutions in accordance with this Section 2.09(d)
shall terminate on (A) the First Anniversary Date with respect to the
First Extension Request; and (B) the Second Anniversary Date with
respect to the Second Anniversary Date. In the event the full amount
of the Declining Lenders’ Commitments are not allocated as set forth
above, Borrower shall have the right to determine, in its sole and
absolute discretion, which Declining Lender’s(s’) Commitments will be
allocated to existing Lenders and/or additional banks or financial
institutions as set forth above and Borrower shall notify the
Administrative Agent thereof at least ten (10) days prior to the First
Anniversary Date or the Second Anniversary Date, as applicable.

	 	(iii)	 	Any Lender that accepts an offer to it by the Borrower
to increase its Commitment by participating in all or a portion of the
Commitments of the Declining Lenders shall, in each case, execute a
Commitment Increase Agreement (as defined in Section 2.20 below), with
the Borrower and the Administrative Agent,

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	 	 	 	whereupon such Lender shall be bound by and entitled to the benefits
of this Agreement with respect to the full amount of its Commitment
as so increased, and this Agreement shall be deemed to be amended to
reflect such increase; provided that no Lender shall have any
obligation whatsoever to agree to increase its Commitment. Any such
Commitment Increase Agreement shall be effective (A) with respect to
the First Extension Request, on the First Anniversary Date; and (B)
with respect to the Second Extension Request, on the Second
Anniversary Date. Any additional bank or financial institution
offered Commitments of the Declining Lenders by Borrower in
accordance with the terms of this Agreement shall execute and
deliver to the Administrative Agent a New Lender Agreement (as
defined in Section 2.20 below), setting forth its Commitment, and
upon the effectiveness of such New Lender Agreement, such bank or
financial institution (a “New Lender”) shall become a Lender
for all purposes and to the same extent as if originally a party
hereto and shall be bound by and entitled to the benefits of this
Agreement, and the signature pages hereof shall be deemed to be
amended to add the name of such New Lender, provided that
the Commitment of any New Lender shall be an amount not less than
$5,000,000. Each New Lender Agreement shall be irrevocable and
shall be effective (A) with respect to the First Extension Request,
on the First Anniversary Date; and (B) with respect to the Second
Extension Request, on the Second Anniversary Date.

	 	(iv)	 	The effectiveness of any New Lender Agreement or
Commitment Increase Agreement shall be contingent upon receipt by the
Administrative Agent of such corporate resolutions of the Borrower,
legal opinions of counsel to the Borrower and other reasonably
requested documents as the Administrative Agent shall reasonably
request with respect thereto, in each case in form and substance
reasonably satisfactory to the Administrative Agent. Once a New Lender
Agreement becomes effective, the Administrative Agent shall reflect
such agreements by appropriate entries in the Register.

	 	(v)	 	If any bank or financial institution becomes a New
Lender pursuant to a New Lender Agreement or any Lender’s Commitment is
increased pursuant to a Commitment Increase Agreement, additional Loans
made on or after the effectiveness thereof (the “Re-Allocation
Date”) shall be made pro rata based on their respective Commitments
in effect on or after such Re-Allocation Date (except to the extent
that any such pro rata borrowings would result in any Lender making an
aggregate principal amount of Loans in excess of its Commitment, in
which case such excess amount will be allocated to, and made by, such

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	 	 	 	New Lender and/or Lenders with such increased Commitments to the
extent of, and pro rata based on, their respective Commitments), and
continuations of Loans outstanding on such Re-Allocation Date shall
be effected by repayment of such Loans on the Re-Allocation Date,
and the making of new Loans of the same Type pro rata based on the
respective Commitments in effect on and after such Re-Allocation
Date. Notwithstanding anything contained herein to the contrary,
any portion of the cumulative Commitments of the Declining Lenders
not allocated pursuant to Commitment Increase Agreement(s) and/or
New Lender Agreement(s) as set forth above shall be terminated on
the Maturity Date that would have occurred had the applicable
Extension Request not been made and Borrower shall be required to
make a mandatory prepayment so that the Revolving Credit Exposures
do no exceed the total Commitments. Additionally, Borrower and the
Lenders hereby authorize the Administrative Agent to make Revolving
Loans on behalf of the Borrower which are necessary to eliminate the
Revolving Credit Exposure of any Declining Lender as of the date
such Declining Lender’s Commitment terminates.”

          Section 5. Addition of Exhibit G. Exhibit G attached to this First Amendment is
hereby added to the Credit Agreement as Exhibit G.

          Section 6. Representations True; No Default. Borrower represents and warrants that:

          (i) this First Amendment has been duly authorized, executed and delivered on its
behalf; the Credit Agreement, as amended hereby, together with the other Loan Documents to
which Borrower is a party, constitute valid and legally binding agreements of Borrower
enforceable in accordance with their terms;

          (ii) the representations and warranties of Borrower contained in Article III of the
Credit Agreement are true and correct in all material respects on and as of the date hereof
as though made on and as of the date hereof; and

          (iii) after giving effect to this First Amendment, no Default or Event of Default under
the Credit Agreement has occurred and is continuing.

          Section 7. Expenses, Additional Information. Borrower shall pay to the Agent all
reasonable expenses incurred in connection with the execution of this First Amendment, including
all reasonable expenses incurred in connection with any previous negotiation and loan
documentation. Borrower shall furnish to the Agent and Lenders all such other documents, consents
and information relating to Borrower as the Agent or any Lender may reasonably require to
accomplish the purposes hereof.

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          Section 8. Effectiveness. This First Amendment shall become effective on the date
(the “Effective Date”) when, and only when:

	 	(a)	 	Borrower, Administrative Agent and the Lenders shall have executed and
delivered to the Administrative Agent a counterpart of this First Amendment;
	 
	 	(b)	 	Administrative Agent shall have received resolutions, in form and substance
reasonably satisfactory to the Administrative Agent, of Borrower and each Guarantor
authorizing the execution, delivery and performance of this First Amendment, each such
copy being attached to an original certificate of an authorized officer of the Borrower
and each Guarantor, dated as of the First Amendment Closing Date certifying (i) that
the resolutions attached thereto are true, correct and complete copies of resolutions
duly adopted by Borrower and each Guarantor, as applicable, (ii) that such resolutions
constitute all resolutions adopted with respect to the transactions contemplated
hereby, (iii) that such resolutions have not been amended, modified, revoked or
rescinded as of the First Amendment Closing Date, (iv) that the articles or
organization and regulations of the Borrower and each Guarantor, as applicable, have
not been amended or otherwise modified since the effective date of the Credit
Agreement, except pursuant to any amendments attached thereto, and (v) as to the
incumbency and signature of the officers of the Borrower and each Guarantor executing
this First Amendment;
	 
	 	(c)	 	Each of the representations and warranties made by the Borrower and each
Guarantor in or pursuant to the Loan Documents shall be true and correct in all
material respects;
	 
	 	(d)	 	No Default or Event of Default shall have occurred and be continuing;
	 
	 	(e)	 	No event shall have occurred with respect to the Parent, the Borrower and its
Subsidiaries, taken as a whole, which, in the reasonable opinion of the Lenders, has
had, or could reasonably be expected to have, a Material Adverse Effect;
	 
	 	(f)	 	Administrative Agent shall have received a fully executed copy of that certain
fee letter between the Borrower and Administrative Agent pertaining to certain fees and
expenses payable by Borrower to such parties as set forth in such letter and all fees
and other amounts due and payable on or prior to the Effective Date, including, to the
extent invoiced, reimbursement or payment of all out of pocket expenses required to be
reimbursed or paid by the Borrower hereunder;
	 
	 	(g)	 	Administrative Agent or any Lender or counsel to the Administrative Agent shall
receive such other instruments or documents as they may reasonably request;
	 
	 	(h)	 	The Administrative Agent shall have received a favorable written opinion
(addressed to the Administrative Agent and the Lenders and dated the Effective Date) of
counsel for the Borrower, relating to the Parent, the Borrower and its Subsidiaries,
this Agreement or the Transactions and any other matters as the

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	 	 	 	Lenders shall reasonably request. The Borrower hereby requests such counsel to
deliver such opinion; and
	 
	 	(i)	 	The Administrative Agent shall have received such documents and certificates as
the Administrative Agent or its counsel may reasonably request relating to the
organization, existence and good standing of the Parent, the Borrower, the Guarantors,
the authorization of the Transactions and any other legal matters relating to the
Parent, the Borrower, the Guarantors, this First Amendment, the Credit Agreement or the
Transactions, all in form and substance satisfactory to the Administrative Agent and
its counsel.

          The Administrative Agent shall notify the Borrower and the Lenders of the Effective Date upon
the satisfaction of all of the foregoing conditions, and such notice shall be conclusive and
binding. Notwithstanding the foregoing, the rights and obligations of the parties hereunder shall
not become effective unless each of the foregoing conditions is satisfied (or waived pursuant to
Section 9.02 of the Credit Agreement) at or prior to 5:00 p.m., Houston, Texas time, on November
30, 2005 (and, in the event such conditions are not so satisfied or waived, this First Amendment
shall be null and void and of no further force and effect.

          Section 9. Miscellaneous Provisions.

          (a) From and after the execution and delivery of this First Amendment, the Credit Agreement
shall be deemed to be amended and modified as herein provided, and except as so amended and
modified the Credit Agreement shall continue in full force and effect.

          (b) The Credit Agreement and this First Amendment shall be read and construed as one and the
same instrument.

          (c) Any reference in any of the Loan Documents to the Credit Agreement shall be a reference to
the Credit Agreement as amended by this First Amendment.

          (d) This First Amendment shall be construed in accordance with and governed by the laws of the
State of New York and of the United States of America.

          (e) This First Amendment may be signed in any number of counterparts and by different parties
in separate counterparts and may be in original or facsimile form, each of which shall be deemed an
original but all of which together shall constitute one and the same instrument.

          (f) The headings herein shall be accorded no significance in interpreting this First
Amendment.

          Section 10. Binding Effect. This First Amendment shall be binding upon and inure to
the benefit of Borrower, Lenders and the Agent and their respective successors and assigns, except
that Borrower shall not have the right to assign its rights hereunder or any interest herein.

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          Section 11. Final Agreement of the Parties. THIS FIRST AMENDMENT, THE CREDIT
AGREEMENT AND THE OTHER LOAN DOCUMENTS CONSTITUTE A “LOAN AGREEMENT” AS DEFINED IN SECTION 26.02(a)
OF THE TEXAS BUSINESS AND COMMERCE CODE AND REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND
MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE
PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

          Section 12. This First Amendment may be executed by the parties on separate counterparts, and
each counterpart when so executed and delivered shall constitute an original instrument, and all
such separate counterparts shall constitute but one and the same instrument.

[The remainder of this page intentionally left blank.]

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          IN WITNESS WHEREOF, the parties have caused this First Amendment to be executed by their
respective duly authorized officers on the 9th day of November, 2005, to be effective as of the
Effective Date.

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	NRP (OPERATING) LLC
	 	 	a Delaware limited liability company
	 
	 	 	 	 	 	 
	 

	 	By
	 	 	 	/s/ Dwight L. Dunlap
	 	 	 	 	 
	 	 	Name:
	 

	 	 	 	 	 	 
	 	 	Title:
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	CITIBANK, N.A.,
	 	 	a national banking association
	 
	 	 	 	 	 	 
	 

	 	By
	 	 	 	/s/ Dan Miller
	 	 	 	 	 
	 	 	Name:
	 

	 	 	 	 	 	 
	 	 	Title:
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	WACHOVIA BANK, NATIONAL ASSOCIATION
	 
	 	 	 	 	 	 
	 

	 	By
	 	 	 	/s/ Jonathon Richardson
	 	 	 	 	 
	 	 	Name:
	 

	 	 	 	 	 	 
	 	 	Title:
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	BANK OF MONTREAL
	 
	 	 	 	 	 	 
	 

	 	By
	 	 	 	/s/ Philip D. Lunn
	 	 	 	 	 
	 	 	Name:
	 

	 	 	 	 	 	 
	 	 	Title:
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	BNP PARIBAS
	 
	 	 	 	 	 	 
	 

	 	By
	 	 	 	/s/ Greg Smothers
	 	 	 	 	 
	 	 	Name:
	 

	 	 	 	 	 	 
	 	 	Title:
	 

	 	 	 	 	 	 

[Signature Page to First Amendment to Credit Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	BRANCH BANKING AND TRUST COMPANY
	 
	 	 	 	 	 	 
	 

	 	By
	 	 	 	/s/ Tim Paxton
	 	 	 	 	 
	 	 	Name:
	 

	 	 	 	 	 	 
	 	 	Title:
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	THE HUNTINGTON NATIONAL BANK
	 
	 	 	 	 	 	 
	 

	 	By
	 	 	 	/s/ Blair DeVan
	 	 	 	 	 
	 	 	Name:
	 

	 	 	 	 	 	 
	 	 	Title:
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	COMERICA BANK
	 
	 	 	 	 	 	 
	 

	 	By
	 	 	 	/s/ Juli Bieser
	 	 	 	 	 
	 	 	Name:
	 

	 	 	 	 	 	 
	 	 	Title:
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	COMPASS BANK
	 
	 	 	 	 	 	 
	 

	 	By
	 	 	 	/s/ Dorothy Marchand
	 	 	 	 	 
	 	 	Name:
	 

	 	 	 	 	 	 
	 	 	Title:
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	ROYAL BANK OF CANADA
	 
	 	 	 	 	 	 
	 

	 	By
	 	 	 	/s/ David A. McCluskey
	 	 	 	 	 
	 	 	Name:
	 

	 	 	 	 	 	 
	 	 	Title:
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	AMEGY BANK
	 
	 	 	 	 	 	 
	 

	 	By
	 	 	 	/s/ William B. Chapman
	 	 	 	 	 
	 	 	Name:
	 

	 	 	 	 	 	 
	 	 	Title:
	 

	 	 	 	 	 	 

[Signature Page to First Amendment to Credit Agreement]

 

 

ACKNOWLEDGMENT OF GUARANTORS

          Each of the undersigned Guarantors hereby confirms that each Loan Document (as the same may be
amended or amended and restated, as the case may be, pursuant to and in connection with this First
Amendment) to which it is a party or otherwise bound remains in full force and effect and will
continue to secure, to the fullest extent possible, the payment and performance of all
“Obligations” (in each case as such term is defined in the applicable Loan Document), including
without limitation the payment and performance of all such “Obligations” in respect of the
Obligations now or hereafter existing under or in respect of the Credit Agreement and the other
Loan Documents. The Guarantors specifically reaffirm and extend their obligations under each of
their applicable Guaranties to cover all indebtedness evidenced by the Credit Agreement as same has
been created, amended and/or restated by or in connection with this First Amendment. The
Guaranties and all the terms thereof shall remain in full force and effect and the Guarantors
hereby acknowledge and agree that same are valid and existing and that each of the Guarantors’
obligations thereunder shall not be impaired or limited by the execution or effectiveness of this
First Amendment. Each Guarantor hereby represents and warrants that all representations and
warranties contained in this First Amendment and the other Loan Documents to which it is a party or
otherwise bound are true, correct and complete in all material respects on and as of the First
Amendment Closing Date, except to the extent such representations and warranties specifically
relate to an earlier date, in which case they were true, correct and complete in all material
respects on and as of such earlier date. The Administrative Agent and the Lenders hereby preserve
all of their rights against each Guarantor under its applicable Guaranty and the other Loan
Documents to which each applicable Guarantor is a party.

          Each Guarantor acknowledges and agrees that (i) notwithstanding the conditions to the
effectiveness set forth in this First Amendment, such Guarantor is not required by the terms of the
Credit Agreement, this First Amendment or any other Loan Document to consent to the amendments of
the Credit Agreement effected pursuant to this First Amendment; and (ii) nothing in the Credit
Agreement, this First Amendment or any other Loan Document shall be deemed to require the consent
of such Guarantor to any future amendments to the Credit Agreement.

[Acknowledgment of Guarantors]

 

 

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	ACIN LLC,
	 	 	a Delaware limited liability company
	 
	 	 	 	 	 	 
	 	 	By:	 	NRP (OPERATING) LLC,
	 	 	 	 	a Delaware limited liability company,
	 	 	 	 	its sole member
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	     /s/ Dwight Dunlap
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Dwight L. Dunlap
	 

	 	 	 	Title:
	 	Chief Financial Officer
	 
	 	 	 	 	 	 
	 	 	WBRD LLC,
	 	 	a Delaware limited liability company
	 
	 	 	 	 	 	 
	 	 	By:	 	NRP (OPERATING) LLC,
	 	 	 	 	a Delaware limited liability company,
	 	 	 	 	its sole member
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	     /s/ Dwight Dunlap
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Dwight L. Dunlap
	 

	 	 	 	Title:
	 	Chief Financial Officer
	 
	 	 	 	 	 	 
	 	 	WPP LLC,
	 	 	a Delaware limited liability company
	 
	 	 	 	 	 	 
	 	 	By:	 	NRP (OPERATING) LLC,
	 	 	 	 	a Delaware limited liability company,
	 	 	 	 	its sole member
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	     /s/ Dwight Dunlap
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Dwight L. Dunlap
	 

	 	 	 	Title:
	 	Chief Financial Officer

[Signature Page to Acknowledgment of Guarantors]

 

 

EXHIBIT G

FORM OF

EXTENSION REQUEST

                                        , 200                    

Citibank, N.A.

2 Penns Way , 1st Floor

New Castle, Delaware 19702

Attention: Tara A. Wooster

Gentlemen:

     Reference is made to the $175,000,000 Revolving Credit Agreement dated as of October 29, 2004
(as amended from time to time, the “Credit Agreement”) among NRP (OPERATING) LLC (the
“Borrower”), CITIBANK, N.A., as Administrative Agent and the Lenders from time to time
party thereto. Terms used, but not otherwise defined herein, shall have the same meanings herein
as in the Credit Agreement. The Borrower hereby gives notice as required by Section
2.09(d) of the Credit Agreement of its request to extend the Maturity Date for an additional
one-year period.

     The Borrower hereby certifies that (i) this request complies with the terms of the Credit
Agreement and the provisions of Section 2.09(d) and (ii) no Default or Event of Default has
occurred and is continuing as of the date of this request.

	 	 	 	 	 	 	 
	 	 	Sincerely,
	 
	 	 	 	 	 	 
	 	 	NRP (OPERATING) LLC,
	 	 	a Delaware limited liability company
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 	 	 	 	 
	 	 	Name:
	 

	 	 	 	 	 	 
	 	 	Title:exv10w1

 

[EXHIBIT 10.1]

Date of Agreement — September 1, 2004

DATA SERVICES

AGREEMENT

FOR

CREDIT BUREAU

SIMULATORTM

between

Digital Matrix Systems, Inc.

and

Intersections, Inc.

     This DATA SERVICES AGREEMENT FOR CREDIT BUREAU SIMULATORTM (this “Agreement”), made and entered
into as of September 1, 2004 (the “Effective Date”) by and between Digital Matrix Systems, Inc., a
Texas corporation (“DMS”) and Intersections Inc. “Client”).

W I T N E S S E T H:

     WHEREAS, Client desires DMS to provide certain on-line credit analysis services through DMS’
proprietary product known as Credit Bureau SimulatorTM (the “Services”), and DMS is willing to
provide the Services to Client in accordance with the terms and conditions hereof; and

     WHEREAS, in connection with the on-line credit analysis services, Client desires DMS to
process and store certain credit data (the “Credit Information”) obtained from Experian Information
Solutions, Inc., CSC Credit Services, Inc. and/or Trans Union Corporation (collectively, the
“Credit Bureaus”) in order to provide to Client Credit Information in the native raw Credit Bureau
format; and

     NOW, THEREFORE, in consideration of the premises and the mutual covenants and
agreements herein set forth, the parties, intending to be legally bound, agree as follows:

     Section 1. Services. In accordance with the terms of this Agreement, DMS will
provide Client access to its Credit Bureau SimulatorTM to enable Client to access stored Credit
Information from the Credit Bureaus and return the Credit Information in the native raw Credit
Bureau format via the Internet. DMS will provide loading and renewal of Credit Bureau data
in the native raw Credit Bureau format. Any modification of raw Credit Bureau data shall be
subject to additional fees, as mutually agreed upon by Client and DMS. The Services will be
performed by DMS in accordance with the Core Functionality attached hereto as Schedule B, and the
requirements set forth in Schedule C (collectively, the “Documentation”).

     Section 2. Security. Client shall maintain the security of logon identification
passwords used by Client and Client’s employees and customers to gain access to the Credit Bureau
SimulatorÔ and the Services. Client will implement any password restrictions or
procedures reasonably requested by DMS from time to time to maintain security of passwords and
shall indemnify and hold DMS harmless from and against any loss cost or damage incurred by DMS as
result of the unauthorized use of a password provided to Client due to Client’s failure to adopt,
comply with or enforce reasonable password and security policies and procedures.

     Section 3. Term. The initial term of this Agreement shall be a period of one year,
commencing on the Effective Date. Unless earlier terminated pursuant to the terms and conditions
hereof, this Agreement shall automatically be extended for successive terms of one year each,
unless either party shall give

1

 

the other party written notice of its election not to extend the term 90 days prior to the
conclusion of the then-current term.

     Section 4. Conditions of Use of the Services.

          a) Client acknowledges the proprietary and confidential nature of the Credit Bureau SimulatorTM
and the Services, and that the Credit Bureau SimulatorTM and the Services are and will continue to
be the exclusive property of DMS and shall be used only as directed by DMS. DMS grants to Client a
limited, non-exclusive, non-transferable and non-assignable license to access the Credit Bureau
SimulatorTM and to use the Services and any other data or information that is proprietary to DMS for
purposes authorized by this Agreement. Client will require its employees and customers that have
access to the Credit Bureau SimulatorTM and the Services to comply with all of the terms and
conditions of this Agreement, and if any of such persons breach this Agreement it shall be deemed a
breach of this Agreement by Client. Except as provided in this Section 4(c), nothing contained in
this Agreement shall be deemed to convey to Client, Client’s affiliates, employees, agents,
customers or to any other party, any right, title or interest, including any patent, copyright, or
other proprietary right, in or to the Credit Bureau SimulatorTM, the Services or any other data or
information that is proprietary to DMS. Client will not use or permit its affiliates, employees,
agents, subcontractors and clients to use the trademarks, service marks, logos, names or other
proprietary designations of DMS without its prior written consent.

          (b) During the term of this Agreement, Client agrees to comply with all federal, state and
local statutes, regulations and rules applicable to it, including, without limitation the FCRA,
with any changes enacted to FCRA during the term of this Agreement, The Gramm Leach Bliley Act and
Its implementing regulations, and any state or local laws governing the disclosure of consumer
credit information. Without limiting the foregoing, DMS may from time to time notify Client of
additional, updated or new requirements relating to such laws, compliance with which will be a
condition of DMS’ continued provision of the Credit Information to Client, solely to the extent
applicable to Clients’ use of the Credit Information. Client agrees to comply with such
requirements, to the extent applicable to Clients’ use of the Credit Information, no later than
thirty (30) days after it actually receives notice from DMS and such requirements shall be
incorporated into this Agreement by this reference. Client understands and agrees that DMS may
require evidence, including a certification, that Client understands and will comply with
applicable laws, but in no event shall DMS require such evidence from Client more often than
annually.

          (c) This subsection (c) applies to the extent the Credit Information is provided under DMS
Credit Bureau codes, under a further written agreement between the parties, and DMS therefore is
reselling the Credit Information to Client: As a condition to DMS providing the Services
hereunder, Client agrees that Client and its affiliates will use the Credit Information only for a
permissible purpose under the federal Fair Credit Reporting Act 15
U.S.C. §1681 et seq., as
amended (“FCRA”). Client will implement strict security procedures designed to ensure that
Client’s employees and customers use the Services and the Credit Information in accordance with
this Agreement and for no purposes other than as permitted by this Agreement. Client will treat and
hold the Services and the Credit Information in strict confidence and will restrict access to the
Services and the Credit Information to Client’s employees and customers who agree to act in
accordance with the confidentiality requirements

2

 

set forth in Section 13 hereof. Client will inform Client’s employees and customers to whom
any Credit Information is disclosed of the provisions of this Section 4(b). Client agrees to
indemnify DMS for any claims or losses incurred by DMS as a result of the misuse of the Services or
the Credit Information by Client or Client’s affiliates, employees, agents, subcontractors or
customers in violation of this Agreement. Notwithstanding the foregoing, DMS may immediately
discontinue offering the Services in the event DMS is no longer authorized to resell the Credit
Information pursuant to its arrangements with the Credit Bureaus. In such event, DMS shall use
commercially reasonable efforts to continue to provide the Services to Client subject to such
delays as are necessary for either (i) DMS to become authorized to resell the Credit Information or
(ii) the Client to directly contract with the Credit Bureaus.

     Section 5. Fees. In consideration for the Services provided hereunder, Client shall
pay to DMS the fees set forth on Schedule A. Client agrees to pay DMS within 30 days of the
receipt of each DMS invoice. DMS may assess a late charge of 1.5% per month or the highest rate
allowed by law, whichever is less, on past due invoices not paid more than 15 days after delivery
of written late notice.

     Section 6. Support Services. During the term of this Agreement, DMS will provide to
Client telephone support as further described in Schedule C hereto.

     Section 7. Warranties and Disclaimer of Warranty.

     (a) Client acknowledges that the Services provided hereunder entail the possibility of
some human and/or machine errors, omissions, delays and losses, including errors in the Credit
Information, or delays caused by the Credit Bureaus or Internet delivery of the Services, which may
give rise to loss or damage. ACCORDINGLY, DMS DOES NOT GUARANTEE OR WARRANT THE ACCURACY,
TIMELINESS, COMPLETENESS, CURRENTNESS, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF THE
SERVICES, THE CREDIT INFORMATION OR THE MEDIA ON OR THROUGH WHICH THE SERVICES OR SUCH CREDIT
INFORMATION ARE PROVIDED AND SHALL NOT BE LIABLE TO CLIENT FOR ANY LOSS OR INJURY ARISING OUT OF OR
CAUSED IN WHOLE OR IN PART BY DMS’ ACTS OR OMISSIONS, WHETHER NEGLIGENT OR OTHERWISE, IN PROCURING,
COMPILING, COLLECTING, INTERPRETING, REPORTING, COMMUNICATING OR DELIVERING THE SERVICES OR THE
CREDIT INFORMATION. Client shall adopt such procedures as it deems appropriate to limit its
exposure with respect to such potential losses and damages, including, without limitation,
examination and confirmation of results prior to the use thereof and provisions for identification
and correction or errors and omissions.

     (b) Notwithstanding the preceding paragraph, DMS represents and warrants that (1) it
may and will perform under this Agreement without violation of any law, regulation or contractual
obligation to which it is subject; (2) it may and will provide the Services without infringement or
violation of any third party copyright, patent, trademark, trade secret or confidentiality right;
and (3) will perform in accordance with Appendices 1 and 2 to this Agreement.

     Section 8. Indemnification.

     (a) Client will indemnify, and defend and hold DMS and its affiliated entities, officers,

3

 

directors, shareholders, employees, contractors, agents and customers harmless from and
against any and all liabilities, damages, losses, claims, costs and expenses, including reasonable
attorney’s fees, which may be asserted against or incurred by the foregoing parties, arising out of
or resulting from (i) access or any unauthorized access to the Credit Bureau SimulatorTM by or
through Client, (ii) the use of the Services by or through Client, or the disclosure, sale or
transfer of or reliance upon the Credit Information by or through Client; (iii) Client’s breach of
any of the provisions of this Agreement; or (iv) any violations of the FCRA or other applicable
laws due to the acts or omissions of Client.

     (b) DMS will indemnify, and defend and hold Client and its affiliated entities, officers,
directors, shareholders, employees, contractors, agents and customers harmless from and against any
and all liabilities, damages, losses, claims, costs and expenses, including reasonable attorney’s
fees, which may be asserted against or incurred by the foregoing parties, arising out of or
resulting from (i) access or any unauthorized access to the Credit Information by or through DMS,
(ii) DMS’s breach of any of the provisions of this Agreement; or (iii) any violations of the FCRA
or other applicable laws due to the acts or omissions of DMS.

     Section 9. Limitation of Liability. For all claims relating to this Agreement,
whether in contract, tort, strict liability, or otherwise, Client’s sole and exclusive remedy shall
be the recovery of Client’s actual, direct damages, not to exceed the total amount of fees paid by
Client hereunder, and DMS’s sole and exclusive remedy shall be the recovery of DMS’s actual direct
damages, not to exceed the total amount of fees due from Client hereunder. IN NO EVENT SHALL
EITHER PARTY BE LIABLE FOR ANY INCIDENTAL, CONSEQUENTIAL, PUNITIVE, SPECIAL OR INDIRECT DAMAGES,
INCLUDING, BUT NOT LIMITED TO, ANY DAMAGES RESULTING FROM A DISRUPTION IN CLIENT’S BUSINESS, EVEN
IF THE OTHER PARTY HAS BEEN ADVISED AS TO THE POSSIBILITY OF SUCH DAMAGES. THIS SECTION 9 SHALL
NOT APPLY TO ANY PARTY’S LIABILITY UNDER SECTION 8, 13 OR 15.

     Section 10. Waiver of Consumer Rights. (a) AFTER CONSULTATION WITH AN ATTORNEY OF
ITS OWN SELECTION, CLIENT HEREBY VOLUNTARILY WAIVES ITS RIGHTS UNDER THE TEXAS DECEPTIVE TRADE
PRACTICES/CONSUMER PROTECTION ACT, SECTION 17.41 ET SEQ., TEXAS BUSINESS & COMMERCE CODE, A LAW
THAT GIVES CONSUMERS SPECIAL RIGHTS AND PROTECTIONS.

     (b) In order to evidence its ability to grant such a waiver, Client represents and
warrants to DMS that (i) Client is not in a significantly disparate bargaining position with
respect to the transactions contemplated by this Agreement and (ii) Client is represented by legal
counsel selected solely by Client in connection with the transactions contemplated by this
Agreement, including such waiver, and such attorney was not directly or indirectly identified,
suggested or selected by DMS or an agent of DMS.

     Section 11. Termination; Remedies. (a) Either party shall be in default if it fails
to perform any of its duties or obligations, including without limitation payment, hereunder and
does not cure such failure within 30 days after written notice is given to the defaulting party.
Upon a default, the non-defaulting party may terminate this Agreement by providing written notice
of termination to the defaulting

4

 

party, reserving unto the non-defaulting party all rights and remedies it may have under this
Agreement or may otherwise have at law or in equity. Notwithstanding the foregoing, (DMS may
immediately cease providing the Credit Information to Client if for any reason one or more of the
Credit Bureaus ceases to provide the Credit Information to DMS or Client. DMS SHALL NOT BE LIABLE
TO CLIENT FOR ANY COST, EXPENSES OR DAMAGES (DIRECT OR OTHERWISE) INCURRED AS A RESULT OF THE
EXERCISE OF ANY AND ALL OF DMS’ RIGHTS AND REMEDIES UNDER THIS SECTION 11.

     (b) The provisions of Sections 7, 8, 9, 10, 11, 14, 15 and 16 shall survive any expiration or
termination of this Agreement, for any reason or of DMS’ obligation to provide the Services
hereunder.

     Section 12. Taxes and Other Charges. In addition to all amounts payable by Client
hereunder, Client will pay amounts equal to all sales, use, personal property and other taxes
resulting from this Agreement or any activities under this Agreement, excluding taxes based on DMS’
net income, unless Client furnishes proof of exemption from payment of such taxes in a form
reasonably acceptable to DMS. DMS may separately reflect on its invoices to Client the amount of
any taxes paid by DMS on Client’s behalf, and Client shall pay DMS for such amounts.

     Section 13. Confidentiality.

     Section 19 of the Software License Agreement between DMS and Client, dated April 1, 1999 is
incorporated herein by reference and made fully applicable to the Confidential Information (as
defined in that agreement) disclosed by DMS to Client under this Agreement. DMS understands that
in connection with the Services Client will communicate to DMS certain confidential and proprietary
information concerning the business of Client, including without limitation client and customer
identities, business plans and processes, and financial and business projections. Information
disclosed by either party to the other as described above is defined for purposes of this Agreement
as “Confidential Information”. DMS agrees to hold such Confidential Information, and any other
information and/or materials identified by Client as confidential, for the sole purpose of
performing the Services, and shall not, without specific prior written consent of an authorized
officer of Client, utilize in any manner, communicate or disclose any part thereof to any third
party. Client and DMS each shall require all of its respective agents and employees maintain the
confidentiality of the Confidential Information in accordance with this agreement. DMS
acknowledges that (i) the restrictions contained in this Section 13 are reasonable and necessary to
protect other party’s legitimate interests, (ii) remedies at law will be inadequate and any
violation of these restrictions will cause irreparable damage to the non-breaching party within a
short period of time, and (iii) the non-breaching party will be entitled to injunctive relief
against each violation. The parties further agree that all confidentiality commitment hereunder
shall survive termination of this Agreement for any reason. DMS’s obligations under this Section
13, however, do not apply to information which (i) is already known by the recipient, (ii) becomes,
through no act or fault of the recipient, publicly known or available, (iii) is received by
recipient from a third party without a restriction on disclosure or use, or (iv) is independently
developed by recipient without reference to the Confidential Information of the other party.

5

 

     Section 14. Data Ownership and Storage.

     (a) In the course of working with the data provided by you, which may include consumer
personally identifiable information, DMS will create electronic records for the purposes of
providing the service described herein. Such electronic records will be maintained as confidential
by DMS, subject to any disclosure mandated by the Fair Credit Reporting Act.

     (b) DMS shall have the right to create non-personally identifiable information
(i.e. “Aggregate Data”) derived from the data provided by you and shall further have the right to
use such Aggregate Data for its own purposes, subject to any restrictions as may be imposed by
applicable law. Such Aggregate Data, and any models, algorithms or datasets based thereon shall be
the property of DMS.

     Section 15. Handling of Nonpublic Personal Information. Each party to this Agreement
agrees to hold all non-public information of consumers, as defined in the Gramm-Leach-Bliley Act,
received from the other party as confidential and will not disclose or use such information other
than to perform its obligations as set forth in this agreement or as otherwise authorized by law.
DMS acknowledges that the Credit Information is being retrieved by DMS solely as the agent of
Client, under Client’s agreements with the applicable Credit Bureaus. DMS agrees that it shall not
use the Credit Information for any purpose except to provide the Services to Client, except as set
forth in Section 14(b) above. DMS will implement strict security procedures designed to ensure
that DMS’s employees do not use that Credit Information for any purpose other than to perform the
Services. DMS shall develop, implement and maintain a comprehensive information security program
(the “DMS Security Program”) that is written in one or more reasonably accessible parts and
contains administrative, technical and physical safeguards for the purpose of ensuring the
security and confidentiality of the Credit Information, protecting against any anticipated threats
or hazards to the security or integrity of the Credit Information, and protecting against
unauthorized access to or use of the Credit Information. DMS shall provide Client the information
about the DMS Security Program reasonably requested by Client, and any other information required
by Client to comply with the obligations of a “financial institution” under the Federal Trade
Commission’s Standards for Insuring the Security, Confidentiality, Integrity and Protection of
Customer Records and Information, 16 C.F.R. Part 314.

     Section 16. General Terms and Conditions.

     (a) Entire Agreement. This Agreement contains the entire understanding of the
parties with respect to its subject matter, and supersedes any and all related prior or
contemporaneous understandings and agreements, oral or written. This Agreement cannot be modified
or amended except in writing signed by both parties.

     (b) Force Majeure. DMS shall be excused from delays in performing or from its
failure to perform hereunder, and such delays or failures shall not constitute breaches of this
Agreement, to the extent that such delays or failures result from causes beyond its reasonable
control, including but not limited to the acts or omissions of the Credit Bureaus (e.g., one or
more of the Credit Bureaus ceases to provide the Credit Information to DMS or Client for any
reason), delay and interruptions in sending and receiving Credit Information via the
Internet, labor disputes, strikes or other labor or industrial disturbances, acts of God, floods,
lightning, shortages of materials, utility or communication failures, earthquakes, casualty, war,
riots,

6

 

insurrections, embargoes, regulations or orders from any governments, or any agency or
subdivision thereof; provided that, in order to be excused from delay or failure to perform, DMS
must act diligently to remedy the cause of such delay or failure. Client may terminate this
Agreement immediately if any event described above prevents DMS from fully complying with this
Agreement for a period of more than 30 consecutive days.

     (c) No Agency. DMS is providing the Services to Client as an independent contractor.
DMS does not undertake by this Agreement or otherwise to perform any obligation of Client, whether
by regulation or contract. In no way is DMS to be construed as the agent or acting as the agent of
Client in any respect, all other provisions of this Agreement notwithstanding.

     (d) Governing Law. THE VALIDITY, CONSTRUCTION AND PERFORMANCE OF THIS AGREEMENT, AND
THE LEGAL RELATIONS AMONG THE PARTIES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK.

     (e) Dispute Resolution. With the exception of any action taken under Section 4, 13
and 14 of this Agreement, the parties shall resolve any dispute arising out of or relating to this
Agreement in binding arbitration conducted in accordance with the then pertaining rules for
commercial arbitration of the American Arbitration Association by a single arbitrator selected by
the American Arbitration Association or an arbitrator agreed upon by the parties. Any such
arbitration shall be held in Dallas, Texas unless the parties otherwise agree. The parties shall
be entitled to conduct reasonable discovery, in accordance with the Texas Rules of Civil Procedure
and applicable case law, prior to the arbitration hearing, and the Texas Rules of Evidence shall be
applicable to the arbitration proceeding. The decision of the arbitrators shall be final and
binding on DMS and Client and may be entered and enforced in any court of competent jurisdiction by
either party.

     (f) Severability. This Agreement shall be deemed to be severable and, if any
provision of this Agreement shall be finally determined to be void, illegal or unenforceable, then
it is the parties’ desire and intention that such provision be deemed automatically adjusted to the
minimum extent necessary to conform to applicable requirements of validity, legality and
enforceability and, as so adjusted, be deemed a provision of this Agreement as if it were
originally included herein; provided, however, if such provision cannot be adjusted without
substantially and materially altering the rights and duties hereunder and fundamentally depriving
one party of the benefit of the bargain (taken as a whole) contemplated by this Agreement, then the
parties will seek to reform this Agreement through the procedure outlined in Section 17(e) above so
as to restore, as nearly as possible, the parties’ respective rights, duties, and bargain. In any
case, the remaining provisions of this Agreement shall remain in effect.

     (g) No Waiver. No delay or omission by either party hereto to exercise any right or
power occurring upon any non-compliance or default by the other party with respect to any of the
terms of this Agreement shall impair any such right or power or be construed to be a waiver
thereof. A waiver by either of the parties hereto of any of the covenants, conditions or
agreements to be performed by the other shall not be construed to be a waiver of any succeeding
breach thereof or of any other covenant, condition, or agreement herein contained. Unless
otherwise stated, all remedies provided for in this Agreement shall be cumulative and in addition
to and not in lieu of any other remedies available to either party at law, in equity, or otherwise.

7

 

     (h) Notices. Under this Agreement, if one party is required or permitted to give
notice to the other, such notice shall be deemed given if mailed by registered or certified first
class mail, postage paid with return receipt requested, or if sent by facsimile, with receipt
confirmed, and addressed as follows (or as subsequently noticed to the other party):

			
	     	 	Digital Matrix Systems, Inc.

15301 Spectrum Drive, 2nd Floor

Addison, TX 75001-6466

ATTN: Mr. David McGough

Telephone: (972) 341-0000

Fax: (972) 341-0020

Address

			
	     	 	Intersections, Inc.

14390 Bogle Drive

Chantilly, VA 20151

Attn: Ken Schwarz

(703) 488-6143

Fax: 703-488-6180

     With copy to: Chief Legal Officer at same address or facsimile number

8

 

     (i) Binding Effect; No Assignment. This Agreement shall inure to the benefit of and
be binding upon and enforceable against each party and it successors and assigns. Neither party
may sell, assign, convey, sublicense or transfer this Agreement or its rights or obligations
hereunder without the prior written consent of the other party, except through merger, acquisition,
sale of all or substantially all of the assigning party’s assets, or to the assigning party’s
Affiliate. “Affiliate” of a party means an entity that controls, is controlled by, or is under
common control with, that party. Control of an entity means direct or indirect ownership of a
majority of voting stock, or other majority equity interest, in each case with sufficient authority
to direct the affairs of the entity. Any assignment, transfer, conveyance or sublicense in
violation of this paragraph shall be null and void.

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

DIGITAL MATRIX SYSTEMS

	 	 	 
	By:
	 	 
	 

	 	 
	 

	 	 
	Name:

Title:

	 	David A. McGough

President and CEO
	 

	 	 
	Intersections, Inc.

	 
	 	 
	By:
	 	 
	 

	 	 
	 

	 	 
	Name:

Title:

	 	Ken Schwarz

President, Consumer & Small Business

9

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