Document:

Non-Employee Director Stock Option Plan

 EXHIBIT 10-B 
  
 2005 COLGATE-PALMOLIVE COMPANY 
  
 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN 
  
 SECTION 1. Purpose; Definitions. 
  
 The purpose of the Plan is to attract and retain qualified persons to serve as directors of the Company, to enhance the equity interest of directors in the Company, to
solidify the common interests of the Company’s directors and stockholders, and to encourage the highest level of director performance by providing them with a proprietary interest in the Company’s performance and progress. 
  
 For purposes of the Plan, the following terms are defined as set forth below: 
  
 “Applicable Exchange” means the New York Stock Exchange or such other securities
exchange as may at the applicable time be the principal market for the Common Stock. 
  
 “Board” means the Board of Directors of the Company. 
  
 “Cause” means (a) conviction of a Participant for committing a felony under federal law or the law of the state in which such action occurred, (b) dishonesty in the course of fulfilling a Participant’s duties as a member of
the Board, or (c) willful and deliberate failure on the part of a Participant to perform his or her duties as a member of the Board in any material respect. 
  
 “Change of Control” has the meaning set forth in Section 6(b). 
  
 “Code” means the Internal Revenue Code of 1986, as amended from time to time, and any successor thereto. 
  
 “Committee” means the Employee Relations Committee of the Company or any successor
committee thereto. 
  
 “Common Stock” means common stock, par value
$1.00 per share, of the Company. 
  
 “Company” means the
Colgate-Palmolive Company, a Delaware corporation. 
  
 “Disaffiliation” means a subsidiary or affiliate of the Company ceasing to be a subsidiary or affiliate for any reason (including, without limitation, as a result of a public offering, or a spinoff or sale by the
Company, of the stock of the subsidiary or affiliate) or a sale of a division of the Company or its affiliates. 
  
 “Disability” with respect to a Participant means physical or mental disability, whether total or partial, that prevents the Participant from performing his
duties as a member of the Board for a period of six consecutive months. 
  
 “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any successor thereto. 

 “Fair Market Value” means as of any given date, the mean between the highest and lowest reported sales prices
of the Common Stock during normal trading hours on the New York Stock Exchange Composite Tape or, if not listed on such exchange, on any other national exchange on which the Common Stock is listed or on NASDAQ. If there is no regular public trading
market for the Common Stock, the Fair Market Value of the Common Stock shall be determined by the Committee in good faith. 
  
 “Non-Employee Director” means a person who as of any applicable date is a member of the Board and is not an officer or employee of the Company or any subsidiary
of the Company. 
  
 “Participant” means a Non-Employee Director who is
granted a Stock Option hereunder. 
  
 “Plan” means the 2005
Colgate-Palmolive Company Non-Employee Director Stock Option Plan as set forth herein and as hereinafter amended from time to time. 
  
 “Retirement” means a Participant’s retirement as a Non-Employee Director at or after age 65 with at least nine years of service as a member of the Board.

  
 “Stock Option” means a non-qualified option to purchase shares of
Common Stock. 
  
 “Termination of Directorship” means the date upon
which any Participant ceases to be a member of the Board for any reason whatsoever. 
  
 In addition, certain other terms used herein have definitions given to them in the first place in which they are used. 
  
 SECTION 2. Administration. 
  
 The Plan shall be administered by the Committee, which shall have the authority to adopt, alter and repeal such administrative rules, guidelines and practices governing
the Plan as it shall, from time to time, deem advisable, to interpret the terms and provisions of the Plan and any Stock Option issued under the Plan (and any agreement relating thereto) and to otherwise supervise the administration of the Plan.

  
 SECTION 3. Stock Subject to Plan 

 
 Subject to adjustment as provided herein, the total number of shares of Common Stock of
the Company available for grant under the Plan shall be 400,000. Such number shall be increased by the number of Stock Options granted hereunder that terminate without exercise upon expiration, cancellation or otherwise. 
  
 In the event of any change in corporate capitalization, such as a stock split, reverse stock
split, stock dividend, share combination, recapitalization or similar event affecting the capital structure of the Company or a corporate transaction, such as any merger, consolidation, acquisition of property or shares, stock rights offering,
liquidation, Disaffiliation, separation, including a spin-off, or other distribution of stock or property of the Company (including an extraordinary cash dividend), any reorganization (whether or not such reorganization comes within the definition
of such term in Section 368 of the 

  

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Code) or any partial or complete liquidation of the Company, or similar event affecting the Company or any of its subsidiaries or affiliates (a
“Corporate Transaction”), the Board may make such substitution or adjustments in the aggregate number and kind of shares reserved for issuance under the Plan, in the number, kind and exercise price of shares subject to outstanding Stock
Options, and/or such other equitable substitution or adjustments as it may determine to be appropriate in its sole discretion; provided, however, that the number of shares subject to any Stock Option shall always be a whole number. In the case of
Corporate Transactions, such adjustments may include, without limitation, the cancellation of outstanding Stock Options in exchange for payments of cash, property or a combination thereof having an aggregate value equal to the value of such Stock
Options, as determined by the the Board in its sole discretion (it being understood that in the case of a Corporate Transaction with respect to which shareholders of Common Stock may receive consideration other than publicly traded equity securities
of the ultimate surviving entity, any such determination by the Board that the value of Stock Option shall for this purpose be deemed to equal the excess, if any, of the value of such consideration being paid for each share of Common Stock pursuant
to such Corporate Transaction over the exercise price of such Stock Option shall conclusively be deemed valid). Notwithstanding the foregoing: (i) any adjustments made pursuant to this paragraph to Stock Options that are considered “deferred
compensation” within the meaning of Code Section 409A shall be made in compliance with the requirements of Code Section 409A; (ii) any adjustments made pursuant to this paragraph to Stock Options that are not considered “deferred
compensation” subject to Code Section 409A shall be made in such a manner as to ensure that after such adjustment, the Stock Options either (A) continue not to be subject to Code Section 409A or (B) comply with the requirements of Code Section
409A; and (iii) in any event, the Board shall not have the authority to make any adjustments pursuant to this paragraph to the extent the existence of such authority would cause a Stock Option that is not intended to be subject to Code Section 409A
at the time of grant to be subject thereto. 
  
 SECTION 4. Eligibility. 
  
 Only individuals who are Non-Employee
Directors are eligible to be granted Stock Options under the Plan. 
  
 SECTION 5. Stock Options. 
  
 (a) Each
Non-Employee Director shall, on each 17th of February during such director’s term or the first business day thereafter, automatically be granted a Stock Option to purchase 4,000 shares of Common Stock (the “Annual Grant Amount”)
having an exercise price of 100% of the Fair Market Value of the Common Stock at the date of grant of such Stock Option. Notwithstanding the foregoing, if an individual becomes a Non-Employee Director after February 17th during a particular calendar year, he or she shall be granted for that year on the date of the first meeting of the Board
following his or her election as a director, a Stock Option to purchase that number of shares of Common Stock equal to the product of (i) the Annual Grant Amount and (ii) the fraction obtained 

  

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by dividing (x) the number of calendar months during such calendar year that such person will serve as a Non-Employee Director (counting any partial month as
a full month) by (y) 12; provided that the product of (i) and (ii) shall be rounded up to the nearest whole number of shares. 
  
 (b) In the event that the number of shares of Common Stock available for future grant under the Plan is insufficient to make all automatic grants required to be made on a
given date, then all Non-Employee Directors entitled to a grant on such date shall share ratably in the number of Stock Options on shares available for grant under the Plan. 
  
 (c) Stock Options granted under the Plan shall be subject to the following terms and conditions in addition to those set forth above:

  
 (i) Option Term. The term of each Stock Option shall be 10 years from the
date the Stock Option is granted, or such shorter period of time as may be approved by the Board prior to or on the date of grant, subject to earlier termination as provided herein. 
  
 (ii) Exercisability. Stock Options shall be exercisable as follows: 
  
 (A) beginning on the first anniversary of the date of grant, for up to 33 1/3% of the shares of Common Stock covered by the Stock Option; 
  
 (B) beginning on the second anniversary of the date of grant, for up to 66 2/3% of such shares; and 
  
 (C) beginning on the third anniversary of the date of grant and thereafter until the expiration of the term of the Stock Option, for up to 100% of such shares.

  
 Notwithstanding the foregoing, a Stock Option held by a Participant shall
become immediately exercisable in full upon the death, Disability or Retirement of such Participant. 
  
 (iii) Method of Exercise. Subject to the provisions of this Section 5, Stock Options may be exercised, in whole or in part, at any time during the option term by giving written notice of exercise to the Company
specifying the number of shares of Common Stock subject to the Stock Option to be purchased. 
  
 Such notice shall be accompanied by payment in full of the purchase price by certified or bank check or such other instrument as the Company may accept. Payment in full or in part may also be made in the form of
Common Stock already owned by the optionee of the same class as the Common Stock subject to the Stock Option. 
  
 No shares of Common Stock shall be issued until full payment therefor has been made. An optionee shall have all of the rights of a stockholder of the Company holding the class or series of Common Stock that is subject
to such Stock Option (including, if applicable, the right to vote the shares and the right to receive dividends), when the optionee has given written notice of exercise, has paid in full for such shares and, has given the representation described in
Section 8(a). 
  
 (iv) Transferability of Stock Options. Stock Options shall be
transferable, in whole or in part, by Participants (1) by will or by the laws of descent and distribution; (2) pursuant to a qualified domestic relations order (as defined in the Code or Title I of the Employee 

  

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Retirement Income Security Act of 1974, as amended, or the rules thereunder); or (3) as otherwise determined by the Board or duly appointed committee of the
Board consisting of at least two Non-Employee Directors (provided that no such determination may be made that would cause grants of Stock Options or other transactions under the Plan to fail to be exempt under Section 16(b) of the Exchange Act or
fail to qualify as a transaction exempt from registration under the Securities Act of 1933, as amended). Consideration may not be paid for the transfer of a Stock Option under any of the circumstances described in the preceding sentence. All Stock
Options shall be exercisable, subject to the terms of this Plan, only by the Participant to whom they were granted or by the guardian or legal representative of the Participant, or its alternative payee pursuant to a qualified domestic relations
order, or the recipient of a transfer of such Stock Option permitted pursuant to clause (3) of the first sentence of this paragraph, it being understood that the terms “holder” and “optionee” include the guardian and legal
representative of the Participant named in the option agreement and any permitted transferee thereof. In the event of any transfer of a Stock Option, notwithstanding anything to the contrary in this Plan, Termination of Directorship of the original
Participant shall be determinative. 
  
 (v) Termination by Reason of Death,
Disability or Retirement. If a Termination of Directorship occurs by reason of the death, Disability or Retirement of a Participant, any Stock Option held by such Participant may thereafter be exercised for a period of three years from the date of
such Termination of Directorship or until the expiration of the stated term of such Stock Option, whichever period is the shorter. 
  
 (vi) Other Termination. If a Termination of Directorship occurs for Cause, any Stock Option held by such Participant shall thereupon terminate. If a Termination of
Directorship occurs for any reason other than (x) for Cause or (y) due to the death, Disability or Retirement of a Participant, any Stock Option held by such Participant shall thereupon terminate, except that such Stock Option, to the extent then
exercisable, may be exercised for the lesser of three months from the date of such Termination of Directorship or the balance of such Stock Option’s term; provided, however, that if the Participant dies within such three-month period, any
unexercised Stock Option held by such Participant shall, notwithstanding the expiration of such three-month period, continue to be exercisable to the extent to which it was exercisable at the time of death for a period of three years from the date
of such death or until the expiration of the stated term of such Stock Option, whichever period is the shorter. 
  
 (vii) Stock Options Not Intended to be Deferred Compensation. No Stock Option under the Plan is intended to be “deferred compensation” subject to Code Section
409A. 
  
 SECTION 6. Change of Control
Provisions. 
  
 (a) Impact of Event. Notwithstanding any other provision of the
Plan to the contrary, in the event of a Change of Control, any Stock Options outstanding as of the date such Change of Control is determined to have occurred and not then exercisable and vested shall become fully exercisable and vested to the full
extent of the original grant. 
  

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 (b) Definition of Change of Control. For purposes of the Plan, a “Change of Control” shall mean the happening
of any of the following events: 
  
 (i) An acquisition by any individual, entity
or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (A) the then outstanding
shares of Common Stock of the Company (the “Outstanding Company Common Stock”) or (B) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the
“Outstanding Company Voting Securities”); excluding, however, the following: (1) any acquisition directly from the Company, other than an acquisition by virtue of the exercise of a conversion privilege unless the security being so
converted was itself acquired directly from the Company, (2) any acquisition by the Company, (3) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any entity controlled by the Company or (4)
any acquisition pursuant to a transaction which complies with clauses (A), (B) and (C) of subsection (iii) of this Section 6(b); or 
  
 (ii) A change in the composition of the Board such that the individuals who, as of the effective date of this Plan as set forth in Section 9 hereof, constitute the Board
(such Board shall be hereinafter referred to as the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, for purposes of this Section 6(b), that any individual who becomes a member of
the Board subsequent to such effective date, whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of those individuals who are members of the Board and who were also members of
the Incumbent Board (or deemed to be such pursuant to this proviso) shall be considered as though such individual were a member of the Incumbent Board; but, provided further, that any such individual whose initial assumption of office occurs as a
result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person
other than the Board shall not be so considered as a member of the Incumbent Board; or 
  
 (iii) The consummation of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Company (“Corporate Transaction”); excluding, however, such a Corporate Transaction
pursuant to which (A) all or substantially all of the individuals and entities who are the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such Corporate
Transaction will beneficially own, directly or indirectly, more than 60% of, respectively, the outstanding shares of common stock, and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of
directors, as the case may be, of the corporation resulting from such Corporate Transaction (including, without limitation, a corporation which as a result of such transaction owns the Company or all or substantially all of the Company’s assets
either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Corporate Transaction, of the 

  

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Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (B) no Person (other than the Company, any employee benefit
plan (or related trust) of the Company or such corporation resulting from such Corporate Transaction) will beneficially own, directly or indirectly, 20% or more of, respectively, the outstanding shares of common stock of the corporation resulting
from such Corporate Transaction or the combined voting power of the outstanding voting securities of such corporation entitled to vote generally in the election of directors except to the extent that such ownership derives from ownership of a 20% or
more interest in the Outstanding Company Common Stock or Outstanding Company Voting Securities that existed prior to the Corporate Transaction and (C) individuals who were members of the Incumbent Board will constitute at least a majority of the
members of the board of directors of the corporation resulting from such Corporate Transaction; or 
  
 (iv) The approval by the shareholders of the Company of a complete liquidation or dissolution of the Company. 
  
 SECTION 7. Term, Amendment and Termination. 
  
 The Plan will terminate on December 31, 2012. Under the Plan, Stock Options outstanding as of December 31, 2012 shall not be affected or impaired by the termination of
the Plan. 
  
 The Board may amend, alter or discontinue the Plan, but no
amendment, alteration or discontinuation shall be made which would (a) impair the rights of an optionee under a Stock Option without the optionee’s consent, except such an amendment made to cause the Plan to comply with applicable law, the
rules of the Applicable Exchange or to qualify for the exemption provided by Rule 16b-3, or (b) disqualify the Plan from the exemption provided by Rule 16b-3. In addition, no amendment shall be made without the approval of the Company’s
stockholders to the extent such approval is required by law or agreement or the rules of the Applicable Exchange. 
  
 The Board may amend the terms of any Stock Option theretofore granted, prospectively or retroactively, provided, however, (i) no such amendment shall impair the rights of
a Participant without the Participant’s consent except such an amendment which is necessary to cause any Stock Option or transaction under the Plan to comply with applicable law, the rules of the Applicable Exchange or any other applicable
exchange or any accounting rule or to qualify, or to continue to qualify, for the exemption provided by Rule 16b-3 and (ii) in no event may any Stock Option granted under this Plan be amended, other than pursuant to Section 3, to decrease the
exercise price thereof, be cancelled in conjunction with the grant of any new Stock Option with a lower exercise price, or otherwise be subject to any action that would be treated, for accounting purposes or under the rules of the Applicable
Exchange, as a “repricing” of such Stock Option, unless such amendment, cancellation or action is approved by the Company’s stockholders. 
  

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 SECTION 8. General Provisions. 
  
 (a) Unless the shares have been registered under the Securities Act of 1933, as amended,
each person purchasing or receiving shares of Common Stock pursuant to a Stock Option shall represent to and agree with the Company in writing that such person is acquiring the shares of Common Stock without a view to the distribution thereof. The
certificates for such shares of Common Stock shall include an appropriate legend to reflect the restrictions on transfer. 
  
 (b) Nothing contained in the Plan shall prevent the Company or any subsidiary from adopting other or additional compensation arrangements for its Non-Employee Directors.

  
 (c) The Plan and all Stock Options awarded and actions taken with respect
thereto shall be governed by and construed in accordance with the laws of the State of Delaware. 
  
 SECTION 9. Effective Date of Plan. 
  
 The Plan shall be adopted by the Board and be effective on January 13, 2005, subject to approval by the stockholders of the Company. Stock Options may be granted prior to
such approval but are contingent upon such approval being obtained. 
  

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 STOCK INCENTIVE AGREEMENT

 COLGATE-PALMOLIVE COMPANY 
  
 2005 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN 
 NON-QUALIFIED STOCK OPTION 
  
 [Date]

  
 [Name] 
 [Address] 
  
 This will confirm
the following Agreement made as of [date] between you and the Colgate-Palmolive Company (the “Company”) pursuant to the Company’s 2005 Non-Employee Director Stock Option Plan (the “Plan”). If you have not received a copy of
the Plan, it is available from the Company at 300 Park Avenue, New York, NY 10022, Attention: Mr. Andrew D. Hendry, Senior Vice President, General Counsel and Secretary. 
  
 On [date], the Company granted you a non-qualified option to purchase from the Company up to a total of
             shares of common stock of the Company at $             per share, the Fair Market Value (as defined in
the Plan) of the common stock on such date. 
  
 Said stock option
may be exercised only in accordance with the terms and conditions of the Plan, as supplemented by this Agreement, and not otherwise. It may be exercised from time to time prior to its termination as follows: Cumulatively as to one-third of the
shares covered hereby on the first anniversary date of this Agreement and as to an additional one-third on each succeeding anniversary date. 
  
 This Agreement is subject to all the terms, conditions, limitations and restrictions contained in the Plan and may not be assigned or transferred in whole
or in part except as therein provided. You shall not have any of the rights of a shareholder with respect to any of the shares which are the subject of this Agreement until such shares are actually issued to you. 
  
 This stock option shall expire on [date], or possibly sooner, for example, in
the event of your death or termination of Directorship, as provided in the Plan. 

 The number of shares and the exercise price per share are subject to adjustment as provided in the Plan.
You assume all risks incident to any change hereafter in the applicable laws or regulations or incident to any change in the market value of the stock after the exercise of these incentives in whole or in part. 
  
 Very truly yours, 
  
 COLGATE-PALMOLIVE COMPANY 
  
 By 
  
 Sign below to indicate your acceptance of the foregoing 
 and retain this Agreement for your records.Amended and Restated Security Agreement dated March 28, 2005

 Exhibit 10.4 
  
 AMENDED AND RESTATED 
 SECURITY AGREEMENT 
  
 THIS AGREEMENT is made as
of the 28th day of March, 2005, by each of the undersigned (collectively, the “Pledgors”), whose address is c/o First Advantage Corporation, One Progress Plaza, Suite 2400, St. Petersburg, Florida 33702, and BANK OF AMERICA, N.A. (the
“Bank”), whose address is 9000 Southside Blvd., Building 100, Jacksonville, Florida 32256. 
  
 Recitals 
  
 First Advantage Corporation, doing business in Florida as First Advantage Holding, Inc. (the “Borrower”) and the Bank have executed a Loan Agreement (as amended or restated from time to time, the “Loan Agreement”) dated
July 31, 2003. The Borrower, pursuant to the Loan Agreement, has executed and delivered a Renewal Promissory Note (as amended, extended or renewed from time to time, the “Note”), dated March 24, 2005, in the original principal amount of
$45,000,000.00 in favor of the Bank. The Pledgors have agreed to secure certain obligations in accordance with the terms hereof. 
  
 Now therefore, for good and valuable consideration, the parties agree as follows: 
  
 1. Defined Terms. Capitalized terms not otherwise defined that are defined in the UCC shall have the meaning set
forth therein. In addition to any other terms defined elsewhere in this Agreement, the following terms shall have the following meanings: 
  
 “Accounts” shall mean all accounts as that term is defined in the UCC and all rights of each Pledgor now existing and
hereafter acquired to payment for goods sold or leased or for services rendered that are not evidenced by an Instrument or Chattel Paper, whether or not earned by performance, together with (i) all security interests or other security held by or
granted to any Pledgor to secure such rights to payment, (ii) all other rights related thereto (including rights of stoppage in transit) and (iii) all rights in any of such sold or leased goods that are returned or repossessed. 
  
 “Chattel Paper” shall mean all chattel
paper as that term is defined in the UCC and any document or documents that evidence both a monetary obligation and a security interest in, or a lease or consignment of, specific goods (except, however, that when a transaction is evidenced both by a
security agreement or a lease and by an Instrument or series of Instruments, the group of documents taken together constitute Chattel Paper). 
  
 “Collateral” shall mean all of the following assets (whether now owned or existing or hereafter acquired or arising): (a)
all of each Pledgor’s Accounts, together with all Chattel Paper, Contract Rights, Deposit Accounts, Documents, General Intangibles and Instruments related to each Pledgor’s Accounts; (b) all of each Pledgor’s books and records (in
whatever form or medium), customer lists, credit files, computer files, programs, printouts, source codes, software and other computer materials and records related to the Pledgor’s Accounts; and (c) all Proceeds (including, without limitation,
all proceeds as that term is defined in the UCC), insurance proceeds, unearned premiums, tax 

  

 
refunds, rents, profits and products related to each Pledgor’s Accounts. The Collateral shall exclude, however, any intellectual property that is
expressly prohibited by its terms from being pledged as security or that terminates upon being pledged (but only to the extent of and until the termination of such prohibition or until such property is no longer subject to termination). 

 
 “Contract Rights” shall mean any right
to payment under a contract not yet earned by performance and not evidenced by an Instrument or Chattel Paper. 
  
 “Documents” shall mean all documents as that term is defined in the UCC, related to the Collateral, together with any
other document that in the regular course of business or financing is treated as adequately evidencing that the person or entity in possession of it is entitled to receive, hold and dispose of such document and the goods it covers. 
  
 “General Intangibles” shall mean all
general intangibles as that term is defined in the UCC and all payment intangibles and all intangible personal property of every kind and nature other than Accounts (including, without limitation, all Contract Rights, other rights to receive
payments of money). 
  
 “Instruments” shall mean all negotiable instruments (as that term is defined in the UCC), and any replacements therefore and other writings that evidence rights to the payment of money (whether absolute or contingent) and
that are not themselves security agreements or leases and are of a type that in the ordinary course of business are transferred by delivery with any necessary endorsement or assignment (including, without limitation, all checks, drafts, notes,
bonds, debentures, government securities, certificates of deposit, letters of credit, preferred and common stocks, options and warrants). 
  
 “Proceeds” shall mean all proceeds (as that term is defined in the UCC) and any and all amounts or items of property
received when any Collateral or proceeds thereof are sold, exchanged, collected or otherwise disposed of, both cash and non-cash, including proceeds of insurance, indemnity, warranty or guarantee paid or payable on or in connection with any
Collateral. 
  
 “UCC” shall mean
the Uniform Commercial Code as in effect in any applicable jurisdiction. 
  
 2. Security Interest. Each Pledgor hereby gives the Bank a continuing and unconditional security interest (the “Security Interest”) in the Collateral. 
  
 3. Obligations Secured. The Security Interest secures payment when due
of all Secured Obligations (as defined herein) to the Bank. As used in this Agreement, the term “Secured Obligations” means: (a) all principal, interest, costs, expenses and other amounts now or hereafter due under the Note (including,
without limitation, all principal amounts advanced thereunder before, on or after the date hereof); (b) all amounts owed by any Pledgor under any Guaranty (as defined in the Loan Agreement), executed by any Pledgor in favor of the Bank; and 

  

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(c) all other amounts now or hereafter payable by the Borrower under any of the Loan Documents (as such term is defined in the Loan Agreement). 

 
 4. Warranties of Pledgors. The Pledgors warrant and so long as this
Agreement continues in force shall be deemed continuously to warrant that: 
  
 (a) The Pledgors are the owners of the Collateral free of all security interests or other encumbrances except for the Security Interest and except for Permitted Liens (as defined in the Loan Agreement). 
  
 (b) The Pledgors are authorized to enter into the Security
Agreement. 
  
 (c) The Collateral is used or
bought for use primarily in business or professional operations. 
  
 (d) The Collateral is or will be located at each Pledgor’s address set forth on Exhibit “A” hereto. 
  
 (e) The chief executive office of each Pledgor is at the address set forth on Exhibit “A” hereto. 
  
 (f) The exact legal name of each Pledgor is set forth in the
introductory paragraph hereof, and the jurisdiction of organization or incorporation of each Pledgor is set forth in the introductory paragraph hereof. 
  
 5. Covenants of Pledgors. So long as this Agreement has not been terminated as provided hereafter, the Pledgors: (a) will defend the Collateral
against the claims of all other persons; (b) will keep the Collateral free from all security interests or other encumbrances, except for the Security Interest and except for Permitted Liens (as defined in the Loan Agreement); (c) except as permitted
by the Loan Agreement, will not assign, deliver, sell, transfer, lease or otherwise dispose of any of the Collateral or any interest therein without the prior written consent of the Bank; (d) will keep in accordance with generally accepted
accounting principles consistently applied, accurate and complete records with respect to such Collateral, and upon the Bank’s request will mark any of such records and all or any other Collateral to give notice of the Security Interest and
will permit the Bank or its agents to inspect the Collateral and to audit and make abstracts of such records or any Pledgor’s books, ledgers, reports, correspondence and other records (subject to the limitations set forth in the Loan
Agreement); (e) upon demand, will deliver to the Bank any Documents and any Chattel Paper representing or relating to the Collateral or any part thereof or any other documents representing or relating to any dispositions of the Collateral and
Proceeds thereof and any and all other schedules, documents and statements that the Bank may from time to time request; (f) will keep the Collateral at the addresses set forth above until the Bank is notified in writing of any change in its
location, and no Pledgor will change the location of the Pledgor’s chief executive office without prior written notice given to the Bank; (g) will notify the Bank promptly in writing of any change in any Pledgor’s address, name, trade
names or identity from that specified above or of any change in the location of the 

  

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Collateral; (h) will not change its legal name or reincorporate or reorganize itself under the laws of any other jurisdiction; (i) will permit the Bank or
its agents to inspect the Collateral (subject to any limitations set forth in the Loan Agreement); (j) will not use the Collateral in violation of any provisions of this Agreement, any applicable statute, regulation or ordinance or any policy of
insurance insuring the Collateral; (k) will execute and deliver to the Bank such financing statements and other documents requested by the Bank, and take such other action and provide such further assurances as the Bank may deem advisable to
evidence, perfect or enforce the Security Interest created by this Agreement; and (l) will pay all taxes, assessments and other charges of every nature that may be levied or assessed against the Collateral (unless the same are being contested in
good faith). 
  
 6. Verification. Subject to the
limitations set forth in the Loan Agreement, the Bank may verify any Collateral in any manner and through any medium that the Bank may deem appropriate, and the Pledgors shall furnish such assistance as the Bank may reasonably require in connection
therewith. 
  
 7. Default. 
  
 (a) Each of the following shall constitute an “Event of
Default” hereunder: (i) the occurrence of an Event of Default under the Loan Agreement; (ii) failure by any Pledgor to perform any material obligations under this Agreement or under any other agreement for borrowed money between any Pledgor and
the Bank or by any Pledgor in favor of the Bank, time being of the essence (subject, however, to any applicable notice and cure periods); (iii) failure by any Pledgor to perform any material obligations under any Guaranty (as defined in the Loan
Agreement), executed by any Pledgor in favor of the Bank; (iv) the commencement of any bankruptcy or insolvency proceedings by or against the Borrower or any Pledgor; (v) material falsity in any certificate, statement, representation, warranty or
audit at any time furnished by or on behalf of the Pledgor or any endorser or guarantor or any other party liable for payment of all or part of the Secured Obligations, pursuant to or in connection with this Agreement, including warranties in this
Agreement and including any omission to disclose any substantial contingent or liquidated liabilities or any material adverse change in facts disclosed by any certificate, statement, representation, warranty or audit furnished to the Bank; or (vi)
any attachment or levy against the Collateral or any other occurrence that inhibits the Bank’s free access to the Collateral. 
  
 (b) Upon the occurrence of an Event of Default, the Bank may exercise such remedies and rights as are available hereunder, under the Loan
Agreement, the Guaranties (as defined in the Loan Agreement) or otherwise (including without limitation, acceleration of the Secured Obligations or any part thereof). This paragraph is not intended to affect or impair any rights of the Bank with
respect to any Secured Obligations that may now or hereafter be payable on demand. 
  
 (c) Upon the occurrence of any Event of Default, the Bank’s rights with respect to the Collateral shall be those of a secured party
under the UCC and any other 

  

 4 

 
applicable law in effect from time to time. The Bank shall also have any additional rights granted herein and in any other agreement now or hereafter in
effect between each Pledgor and the Bank. If requested by the Bank after the occurrence of an Event of Default, the Pledgors will assemble all Documents, Instruments, Chattel Paper and any other records relating to the Collateral and make it
available to the Bank at a place to be designated by the Bank. 
  
 (d) The Pledgors agree that any notice by the Bank of the sale or disposition of the Collateral or any other intended action hereunder, whether required by the UCC or otherwise, shall constitute reasonable notice to
the Pledgors if the notice is mailed by regular or certified mail, postage prepaid, at least five days before the action to each Pledgor’s address as specified in this Agreement or to any other address that any Pledgor has specified in writing
to the Bank as the address to which notices shall be given to such Pledgor. 
  
 (e) The Pledgors shall pay all costs and expenses incurred by the Bank in enforcing this Agreement, realizing upon any Collateral and collecting any Secured Obligations (including attorneys’ fees) whether suit is
brought or not and whether incurred in connection with collection, trial, appeal or otherwise and, to the extent of each Pledgor’s liability for repayment of any of the Secured Obligations, shall be liable for any deficiencies in the event the
Proceeds of disposition of the Collateral do not satisfy the Secured Obligations in full. Nothing contained herein shall be deemed to require the Bank to proceed against the Collateral or any part thereof before or as a condition to the pursuit of
any of its other rights and remedies with respect to the Secured Obligations. 
  
 8. Miscellaneous. 
  
 (a) Each Pledgor authorizes the Bank to file financing statements and continuation statements and amendments thereto with respect to the Collateral without authentication by any Pledgor to the extent permitted by law.
The Bank agrees to use reasonable efforts to provide the Pledgors with copies of any such filings prior to filing. Each Pledgor agrees not to file any financing statement, amendment or termination statement with respect to the Collateral prior to
the payment and satisfaction in full of all Secured Obligations. Upon payment in full of all Secured Obligations, the Bank shall promptly file appropriate documents releasing all filings hereunder. 
  
 (b) Each Pledgor hereby irrevocably consents to any act by
the Bank or its agents in entering upon any premises for the purposes of either (i) inspecting the Collateral or (ii) taking possession of the Collateral after any Event of Default in any commercially reasonable manner. From and after the occurrence
of an Event of Default, each Pledgor hereby waives its right to assert against the Bank or its agents any claim based upon trespass or any similar cause of action for entering upon any premises where the Collateral may be located. 
  

 5 

 (c) Each Pledgor authorizes the Bank to collect and apply against the Secured Obligations
any refund of insurance premiums or any insurance proceeds payable on account of the loss or damage to the Collateral and appoints the Bank as the Pledgor’s attorney-in-fact to endorse any check or draft representing such proceeds or refund.

  
 (d) Upon any Pledgor’s failure to
perform any of its duties hereunder, the Bank may, but it shall not be obligated to, perform any of the duties and the Pledgors shall forthwith upon demand reimburse the Bank for any expenses incurred by the Bank in so doing. 
  
 (e) No delay or omission by the Bank in exercising any right
hereunder or with respect to any Secured Obligations shall operate as a waiver of that or any other right, and no single or partial exercise of any right shall preclude the Bank from any other or further exercise of the right or the exercise of any
other right or remedy. The Bank may cure any Event of Default by the Pledgors in any reasonable manner without waiving the Event of Default so cured and without waiving any other prior or subsequent Event of Default by the Pledgors. All rights and
remedies of the Bank under this Agreement and under the UCC shall be deemed cumulative. 
  
 (f) The Bank shall exercise reasonable care in the custody and preservation of the Collateral to the extent required by law and it shall
be deemed to have exercised reasonable care if it takes such action for that purpose as the Pledgors shall reasonably request in writing. However, no omission to comply with any requests by the Pledgors, or any of them, shall of itself be deemed a
failure to exercise reasonable care. The Bank shall have no obligation to take and the Pledgors shall have the sole responsibility for taking any steps to preserve rights against all prior parties to any Instrument or Chattel Paper in the
Bank’s possession as Collateral or as Proceeds of the Collateral. The Pledgors waive notice of dishonor and protest of any Instrument constituting Collateral at any time held by the Bank on which any Pledgor is in any way liable and waive
notice of any other action taken by the Bank. 
  
 (g) From and after the occurrence of any Event of Default, the Bank may notify any Account Debtor of the Security Interest and may also direct such Account Debtor to make all payments on the Collateral to the Bank. All payments on and other
Proceeds from the Collateral received by the Bank directly or from any Pledgor shall be applied to the Secured Obligations in such order and manner and at such time as the Bank shall in its sole discretion determine. Unless the Bank notifies the
Pledgors in writing that it dispenses with one or more of the following requirements, any payments on or other Proceeds of the Collateral received by any Pledgor before or after notification to any Account Debtor shall be held by each Pledgor in
trust for the Bank in the same medium in which received, shall not be commingled with any assets of the Pledgors and shall be turned over to the Bank not later than the next business day following the day of their receipt. From and after the
occurrence of an Event of Default, the Pledgors shall also promptly notify the Bank of the return to or repossession by any Pledgor of goods underlying any Collateral. For purposes hereof, an “Account Debtor” shall mean any 

  

 6 

 
person or entity who is obligated to pay any Pledgor any amounts under any of the Collateral. 
  
 (h) The Pledgors authorize the Bank without affecting any Pledgor’s obligations hereunder from time to
time (i) to take from any party and hold collateral (other than the Collateral) for the payment of the Secured Obligations or any part thereof, and to exchange, enforce or release such collateral or any part thereof, (ii) to accept and hold the
endorsement or guaranty of payment of the Secured Obligations or any part thereof and to release or substitute any such endorser or guarantor or any party who has given any security interest in any collateral as security for the payment of the
Secured Obligations or any part thereof or any party in any way obligated to pay the Secured Obligations or any part thereof; and (iii) upon the occurrence of any Event of Default to direct the manner of the disposition of the Collateral and any
other collateral and the enforcement of any endorsements or guaranties relating to the Secured Obligations or any part thereof as the Bank in its sole discretion may determine. 
  
 (i) The Bank may demand, collect and sue for all Proceeds (either in any Pledgor’s name or the
Bank’s name at the Bank’s option), with the right to enforce, compromise, settle or discharge any Proceeds. Each Pledgor irrevocably appoints the Bank as the Pledgor’s attorney-in-fact to endorse the Pledgor’s name on all checks,
commercial paper and other Instruments pertaining to the Proceeds before or after the occurrence of an Event of Default. 
  
 (j) The rights and benefits of the Bank under this Agreement shall, if the Bank agrees, inure to any party acquiring an interest in the
Secured Obligations or any part thereof. 
  
 (k)
The terms “Bank” and “Pledgor” as used in this Agreement include the heirs, personal representatives and successors or assigns of those parties. 
  
 (l) If more than one Pledgor executes this Agreement, the term “Pledgor” includes each of the
Pledgors as well as all of them, and their obligations under this Agreement shall be joint and several. 
  
 (m) This Agreement may not be modified or amended nor shall any provision of it be waived except in writing signed by the Pledgors and by
an authorized officer of the Bank. 
  
 (n) This
Agreement shall be construed under the UCC in effect in Florida and any other applicable laws in effect from time to time. 
  
 (o) This Agreement is a continuing agreement that shall remain in force until the last to occur of: (i) the payment in full of all Secured
Obligations if such payment of the Secured Obligations has become final and is not subject to being refunded as a preference or fraudulent transfer under the Bankruptcy Code or other applicable law; 

  

 7 

 
(ii) the termination of all agreements or obligations (whether or not conditional) of the Bank to extend credit to the Borrower; and (iii) the termination of
the Loan Agreement. 
  
 (p) When inspecting the
Collateral, the Bank will comply with all applicable privacy laws and with the provisions of any confidentiality agreements between the Pledgors and the Bank 
  

(q) This Security Agreement amends and restates one or more security agreement executed by one or more of the Pledgors prior to the
date hereof, securing all or part of the Obligations (as defined herein). 
  
 9. Arbitration. Each Pledgor and the Bank agree to the following arbitration provisions: 
  
 (a) These arbitration provisions govern the resolution of any controversies or claims between any Pledgor and the Bank, whether arising in
contract, tort or by statute, including but not limited to controversies or claims (collectively, a “Claim”) that arise out of or relate to: (i) this Security Agreement (including any renewals, restatements, extensions or modifications
hereof); or (ii) any document related to this Security Agreement. 
  
 (b) At the request of any Pledgor or the Bank, any Claim shall be resolved by binding arbitration in accordance with the Federal Arbitration Act (Title 9, U. S. Code) (the “Act”). The Act will apply even
though this Security Agreement provides that it is governed by the law of a specified state. Arbitration proceedings will be determined in accordance with the Act, the rules and procedures for the arbitration of financial services disputes of JAMS
or any successor thereof (“JAMS”), and the terms of this Section. In the event of any inconsistency, the terms of this Section shall control. The arbitration shall be administered by JAMS and conducted in any United States state where real
or tangible personal property collateral for this credit is located or if there is no such collateral, in Hillsborough County, Florida. All Claims shall be determined by one arbitrator. However, if Claims exceed $1,000,000, upon the request of any
party, the Claims shall be decided by three arbitrators. All arbitration hearings shall commence within 90 days of the demand for arbitration and close within 90 days of commencement and the award of the arbitrator or arbitrators, as the case may
be, shall be issued within 30 days of the close of the hearing. However, the arbitrator or arbitrators, as the case may be, upon a showing of good cause, may extend the commencement of the hearing for up to an additional 60 days. The arbitrator or
arbitrators, as the case may be, shall provide a concise written statement of reasons for the award. The arbitration award may be submitted to any court having jurisdiction to be confirmed and enforced. 
  
 (c) The arbitrator(s) will have the authority to decide
whether any Claim is barred by the statute of limitations and, if so, to dismiss the arbitration on that basis. For purposes of the application of the statute of limitations, the service on JAMS under applicable JAMS rules of a notice of Claim is
the equivalent of the filing of a lawsuit. 

  

 8 

 
Any dispute concerning this arbitration provision or whether a Claim is arbitrable shall be determined by the arbitrator(s). The arbitrator(s) shall have the
power to award legal fees pursuant to the terms of this Security Agreement. 
  
 (d) These arbitration provisions do not limit the right of any Pledgor or the Bank to: (i) exercise self-help remedies, such as but not limited to, setoff; (ii) initiate judicial or nonjudicial foreclosure against any
real or personal property collateral; (iii) exercise any judicial or power of sale rights, or (iv) act in a court of law to obtain an interim remedy, such as but not limited to, injunctive relief, writ of possession or appointment of a receiver, or
additional or supplementary remedies. 
  
 (e) By
agreeing to binding arbitration, each Pledgor and the Bank irrevocably and voluntarily waive any right they may have to a trial by jury in respect of any Claim. Furthermore, without intending in any way to limit this agreement to arbitrate, to the
extent any Claim is not arbitrated, the parties irrevocably and voluntarily waive any right they may have to a trial by jury in respect of such Claim. This provision is a material inducement for each party’s executing this Security Agreement.
No provision in this Security Agreement or in any document related hereto regarding submission to jurisdiction or venue in any court is intended or shall be construed to be in derogation of the provisions of this Security Agreement or in any such
other document for arbitration of any controversy or claim. 
  
 10. NOTICE OF FINAL AGREEMENT. THIS WRITTEN SECURITY AGREEMENT REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OR UNDERSTANDINGS OF
THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 
  
 11. WAIVER. IF AN EVENT OF DEFAULT SHOULD OCCUR, EACH PLEDGOR WAIVES ANY RIGHT THE PLEDGOR MAY HAVE TO NOTICE AND A HEARING BEFORE THE BANK TAKES POSSESSION OF THE COLLATERAL BY SELF-HELP, REPLEVIN, ATTACHMENT,
SETOFF OR OTHERWISE. 
  
 [SIGNATURES APPEAR ON NEXT PAGE]

  

 9 

  
 EXECUTED and delivered as of the day and
year first above written. 
  

			
	 BANK OF AMERICA, N.A.

		
	 By:
	 	 /s/ Cameron Cordozo

			
	     Its:
	 	 Vice President

			
	
	 AMERICAN DRIVING RECORDS, INC.

		
	 By:
	 	 /s/ John Lamson

			
	     Its:
	 	 Vice President

			
	
	 BACKTRACK REPORTS, INC.

		
	 By:
	 	 /s/ John Lamson

			
	     Its:
	 	 Vice President

			
	
	 CIC ENTERPRISES, LLC.

		
	 By:
	 	 /s/ John Lamson

			
	     Its:
	 	 Vice President

			
	
	 COMPUNET CREDIT SERVICES, INC.

		
	 By:
	 	 /s/ John Lamson

			
	     Its:
	 	 Vice President

			
	
	 COREFACTS, LLC

		
	 By:
	 	 /s/ John Lamson

			
	     Its:
	 	 Vice President

  

 10 

			
	FIRST ADVANTAGE BACKGROUND SERVICES CORP.
		
	 By:
	 	 /s/ Ken J. Chin

			
	     Its:
	 	 Vice President

			
	
	FIRST ADVANTAGE OCCUPATIONAL HEALTH SERVICES CORP.
		
	 By:
	 	 /s/ John Lamson

			
	     Its:
	 	 Vice President

			
	
	 FIRST ADVANTAGE CANADA, INC.

		
	 By:
	 	 /s/ John Lamson

			
	     Its:
	 	 Vice President

			
	
	 FIRST ADVANTAGE ENTERPRISE
 SCREENING
CORPORATION

		
	 By:
	 	 /s/ John Lamson

			
	     Its:
	 	 Vice President

			
	
	 FIRST ADVANTAGE PUBLIC RECORDS, LLC

		
	 By:
	 	 /s/ John Lamson

			
	     Its:
	 	 Vice President

			
	
	MULTIFAMILY COMMUNITY INSURANCE AGENCY, INC.
		
	 By:
	 	 /s/ Ken J. Chin

			
	     Its:
	 	 Secretary

  

 11 

			
	NATIONAL BACKGROUND DATA, LLC
		
	 By:
	 	 /s/ John Lamson

			
	     Its:
	 	 Vice President

			
	
	NATIONAL DATA REGISTRY, LLC
		
	 By:
	 	 /s/ John Lamson

			
	     Its:
	 	 Vice President

			
	
	 OMEGA INSURANCE SERVICES, INC.

		
	 By:
	 	 Richard J. Taffet

			
	     Its:
	 	 

			
	
	PROUDFOOT REPORTS, INC.
		
	 By:
	 	 /s/ Ken J. Chin

			
	     Its:
	 	 Vice President

			
	
	 QUANTITATIVE RISK SOLUTIONS LLC

		
	 By:
	 	 /s/ John Lamson

			
	     Its:
	 	 Vice President

			
	
	REALEUM, INC.
		
	 By:
	 	 /s/ John Lamson

			
	     Its:
	 	 Vice President

  

 12 

			
	SAFERENT, INC.
		
	 By:
	 	 /s/ John Lamson

			
	     Its:
	 	 Vice President

			
	
	US SEARCH.COM, INC.
		
	 By:
	 	 /s/ John Lamson

			
	     Its:
	 	 Vice President

  

 13 

  
 EXHIBIT “A”

 Addresses 
  
 One Progress Plaza, Suite 1400 
 St. Petersburg,
Florida 33702 
  

 14

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