Document:

Insured Receivable Collection Agent Agt dated as of 8/11/05

 Exhibit 10.16 
  
 SUNGARD INSURED RECEIVABLES FACILITY 
 COLLECTION AGENT AGREEMENT 
  
 dated as of August 11, 2005 
  
 by and between

  
 SUNGARD DATA SYSTEMS INC., 
 as Collection Agent, 
  
 and 
  
 SUNGARD FUNDING LLC 

  
 SUNGARD INSURED RECEIVABLES
FACILITY 
 COLLECTION AGENT AGREEMENT 
  
 This Collection Agent Agreement, dated as of August 11, 2005 is by and between SunGard Funding LLC, a Delaware limited liability company
(“SunGard Funding”), and SunGard Data Systems Inc., a Delaware corporation (including its permitted assigns, “SunGard Parent” ) as initial Collection Agent (in such capacity, the “Collection
Agent”). Unless defined elsewhere herein, capitalized terms used in this Agreement but not defined herein shall have the meanings assigned to such in Annex A to the Insured Receivables Credit Agreement, dated as of August 11,
2005, relating to the SunGard Insured Receivables Facility, by and among SunGard Funding LLC, a Delaware limited liability company, JPMorgan Chase Bank, N.A., as Administrative Agent, the Lenders and Funding Agents parties thereto, and the Insurer,
as amended or modified from time to time (the “Credit Agreement”). 
  
 PRELIMINARY STATEMENTS 
  
 1.
Certain Subsidiaries of SunGard Data Systems Inc. (such Subsidiaries, the “Sellers”) will from time to time convey Receivables to SunGard Financing LLC (“SunGard Financing”), as purchaser under the First Step
Agreement. 
  
 2. SunGard Financing, as transferor, will from time
to time convey such Receivables to SunGard Funding, as transferee, under the Second Step Agreement. 
  
 3. SunGard Funding desires to appoint SunGard Parent as the initial Collection Agent with respect to the Receivables, and SunGard Parent is willing to
accept such appointment. 
  
 ARTICLE I 
 ADMINISTRATION AND COLLECTION 
  
 Section 1.1 Designation of Collection Agent; Removal and Replacement. 
  
 (a) Appointment as Collection Agent. The servicing, administration and collection of the Receivables shall be
conducted by such Person (the “Collection Agent”) so designated from time to time in accordance with this Agreement, subject to clause (d) of this Section. SunGard Parent is hereby appointed as, and will perform the duties and
obligations of, the Collection Agent pursuant to the terms of this Agreement. 
  
 (b) Delegation. SunGard Parent shall not delegate any of its duties or responsibilities as Collection Agent to any Person other than (i) the applicable Seller, (ii) a Person selected by SunGard
Funding, and (iii) with respect to Charged-Off Receivables, outside collection agencies in accordance with its customary practices and the SunGard Financial Policy. 
  
 (c) Primarily Responsible. Notwithstanding the foregoing subsection (b), but subject to the following subsection (d),
(i) SunGard Parent shall be and remain primarily liable to 

 
SunGard Funding for the full and prompt performance of all duties and responsibilities of the Collection Agent hereunder and (ii) SunGard Funding shall
be entitled to deal exclusively with SunGard Parent in matters relating to the discharge by the Collection Agent of its duties and responsibilities hereunder, but shall also be entitled to deal directly with any Person to whom duties are delegated
under clause (b). SunGard Funding shall not be required to give notice, demand or other communication to any Person other than SunGard Parent in order for communication to the Collection Agent and its sub-servicer or other delegate with respect
thereto to be accomplished. SunGard Parent, at all times that it is the Collection Agent, shall be responsible for providing any sub-servicer or other delegate of the Collection Agent with any notice given to the Collection Agent under this
Agreement. 
  
 (d) Removal and Replacement; Termination.
Upon the occurrence of a Collection Agent Default, SunGard Funding shall have the right to remove and replace SunGard Parent as Collection Agent. SunGard Parent will cooperate fully in transferring the books, records and functions of the Collection
Agent to any successor Collection Agent. This Agreement will terminate on the date when all Obligations and Insurer Obligations under the Transaction Documents are paid in full. 
  
 Section 1.2 Duties of Collection Agent. 
  
 (a) The Collection Agent shall take or cause to be taken all such actions as may be necessary or advisable to collect,
administer and service each Receivable from time to time, all in accordance with all the terms and provisions of this Agreement, applicable Law, rules and regulations, applicable customary and usual industry standards reflecting prudent management
of similar assets, and in accordance with the SunGard Financial Policy, but without regard to any relationship the Collection Agent may have with any Obligor or any other Person who is a party to the Loan Documents. In the enforcement or collection
of any such amount, the Collection Agent shall be entitled to sue thereon (1) in its own name or (2) if, but only if, SunGard Funding consents in writing (which consent shall not be unreasonably withheld), as agent for SunGard Funding
subject, in either case, to the consent of the Controlling Party. In no event shall the Collection Agent be entitled to take any action which would make SunGard Funding a party to any litigation without the express prior written consent of SunGard
Funding and the Controlling Party. 
  
 (b) The Collection Agent
will instruct all Obligors to pay all Collections directly to a Lockbox, Lockbox Account or Collection Account and will cause each Lockbox Bank to remit amounts in each Lockbox into the Collection Account daily. SunGard Parent will cause all
Collections in each Lockbox Account to be remitted daily to the applicable Lockbox Account, and will cause all Collections in each Lockbox Account to be reimitted daily to the Collection Account. The Collection Agent shall maintain in effect at all
times a Control Agreement with each bank party to a Lockbox, Lockbox Account or Collection Account. In the case of any remittances received in any Lockbox, Lockbox Account or Collection Account that shall have been identified, to the satisfaction of
the Collection Agent, to not constitute Collections or other proceeds of the Receivables, the Related Security or related Collections, the Collection Agent shall promptly remit such items to the Person identified to it as being the owner of such
remittances. From and after any Early Amortization Date, SunGard Funding may request that the Collection Agent, and the Collection Agent thereupon promptly shall, instruct all 

  

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Obligors with respect to the Receivables, to remit all payments thereon to a new depositary account specified by SunGard Funding and, at all times
thereafter, the Collection Agent shall not deposit or otherwise credit any funds to the Collection Account, but rather to such new depositary account. If any payments relating to Receivables are remitted directly SunGard Parent, SunGard Parent will
remit (or will cause all such payments to be remitted) directly to a Collection Bank and deposited into a Collection Account within two (2) Business Days following receipt thereof, and, at all times prior to such remittance, such SunGard Parent
will hold such payments in trust for the exclusive benefit of SunGard Funding. 
  
 (c) The Collection Agent may, in accordance with the SunGard Financial Policy, extend the maturity of any Receivable or adjust the Outstanding Balance of any Receivable as the Collection Agent determines to be
appropriate to maximize Collections thereof; provided, however, that such extension or adjustment shall not alter the status of such Receivable as a Delinquent Receivable, Defaulted Receivables or Charged-Off Receivable or limit the
rights of SunGard Funding under this Agreement or any other Loan Document. 
  
 (d) The Collection Agent shall hold in trust for SunGard Funding all Records that (i) evidence or relate to the Receivables, the related Contracts and Related Security or (ii) are otherwise necessary or
desirable to collect the Receivables and shall, as soon as practicable upon demand of SunGard Funding, make available to SunGard Funding all such Records, at a place selected by SunGard Funding. 
  
 (e) The Collection Agent will ensure that the Lockboxes, the Lockbox Accounts
and the Collection Account will be free and clear of, and defend the Lockboxes, Lockbox Account and the Collection Account against, any writ, order, stay, judgment, warrant of attachment or attachment or Lien (other than a Lien under the Transaction
Documents). 
  
 Section 1.3 Application of Payments. Any
payment by an Obligor in respect of any receivable or other obligation owed by it to a Seller shall, except as otherwise specified by such Obligor or otherwise required by contract or Law and unless otherwise instructed by SunGard Funding, be
applied as a Collection of any Receivable of such Obligor (starting with the oldest such Receivable) to the extent of any amounts then due and payable thereunder before being applied to any other receivable or other obligation of such Obligor.

  
 Section 1.4 Responsibilities of Collection Agent.
Anything herein to the contrary notwithstanding, the exercise by SunGard Funding of its rights hereunder shall not release the Collection Agent from any of its duties or obligations with respect to any Receivables or under the related Contracts.
SunGard Funding shall have no obligation or liability with respect to any Receivables or related Contracts, nor shall any of them be obligated to perform the obligations of the Collection Agent. For the benefit of each other party to the Transaction
Documents, the Collection Agent will be bound by the obligations of the “Collection Agent” as used in each other Transaction Document relating to the SunGard Insured Receivables Facility. 
  
 Section 1.5 Reports. 
  
 (a) The Collection Agent shall prepare on behalf of and forward to the
SunGard Funding a completed Monthly Report substantially in the form of Exhibit J to the 

  

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Credit Agreement with respect to each Monthly Period, not later than the Determination Date following the end of such Monthly Period, and deliver copies of
it to SunGard Funding, and to the Administrative Agent for distribution to the Lenders, Funding Agents and the Insurer. Such Monthly Report shall include a copy of the magnetic tape, in the form of an electronic database or spreadsheet file, using
database or spreadsheet software that is readily available to the Insurer, setting forth, as to each Receivable, Seller Related Security, Asset and/or SunGard Financing Related Security, the information required on Exhibit J to the Credit Agreement.

  
 (b) Promptly upon receipt thereof, the Collection Agent shall
deliver to the Administrative Agent and the Lenders copies of all schedules, financial statements or other similar reports delivered to or by a Seller, the Collection Agent, SunGard Funding, the Borrower or the Administrative Agent pursuant to the
terms of any of the Transaction Documents, including all reports provided to either the Administrative Agent or any Lender pursuant to the Credit Agreement, (B) promptly upon request, such other data as the Insurer may reasonably request
relating to the Transaction or to a Seller’s, the Collection Agent’s, the SunGard Funding’s or the Borrower’s ability to perform its obligations under the Transaction Documents and (C) all information required to be
furnished to the Administrative Agent or the Lenders, as the case may be. 
  
 Section 1.6 Servicing Fees. In consideration of SunGard Parent’s agreement to act as Collection Agent hereunder, SunGard Funding agrees that, so long as SunGard Parent shall continue to perform as
Collection Agent hereunder, SunGard Funding shall pay over to SunGard Parent a fee (the “Servicing Fee”) on each date specified in (and from funds available pursuant to) Section 2.03(c)(i) of the Credit Agreement, in arrears
since the prior date of payment, equal to 0.50% per annum of the average aggregate Net Receivables Balance during such period, as compensation for its servicing activities. 
  
 Section 1.7 Protection of Secured Parties’ Rights and Collectibility of Receivables. The Collection Agent will
take no action, nor omit to take any action, which could reasonably be expected to (a) materially adversely impair the rights, remedies or interests of SunGard Funding, the Administrative Agent, the Lenders or the Insurer under the Transaction
Documents in respect of the Receivables and the other Collateral or (b) materially impair the collectibility of the Receivables. 
  
 Section 1.8 Performance and Compliance with Contracts and Receivables. The Collection Agent will, at its own expense, timely and fully perform and
comply with the material provisions, covenants and other promises required to be observed by it under the Contracts and the Receivables. 
  
 Section 1.9 Payment of Taxes. The Collection Agent will pay or cause to be paid all Taxes that are shown to be due and payable on any tax returns
which are required to be filed or on any assessments that may be made against the Collection Agent or any of its properties and all other taxes, fees or other charges that may be imposed on the initial Collection Agent or any of its properties by
any Governmental Authority (other than those the amount or validity of which are contested in good faith by appropriate proceedings and with respect to which reserves required to conform with GAAP have been provided on the consolidated books of the
Collection Agent). 
  

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 Section 1.10 Notices. The Collection Agent shall give notice to the Indenture Trustee, promptly
(and in no event later than five (5) Business Days) after becoming aware of the occurrence of any Collection Agent Default, Early Amortization Event, Event of Default or a breach of a representation or warranty related to the eligibility of any
Receivable in any material. 
  
 Section 1.11 Insurance. The
Collection Agent shall maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar
business, of such types and in such amounts (after giving effect to any self-insurance reasonable and customary for similarly situated Persons engaged in the same or similar businesses as the Collection Agent and its Subsidiaries) as are customarily
carried under similar circumstances by such other Persons. 
  
 ARTICLE II 
 INDEMNIFICATION 
  
 Section 2.1 Indemnities by the Collection Agent. (a) Without limiting any other rights that SunGard Funding may have hereunder or under
applicable Law, the Collection Agent hereby agrees to indemnify (and pay upon demand), protect and hold harmless SunGard Funding and its respective assigns, and their officers, directors, agents and employees (each an “Indemnified
Party”) from and against any and all actions, suits, judgments, demands, damages, losses, claims, taxes, liabilities (including penalties), costs, expenses and for all other amounts payable, including reasonable attorneys’ fees and
disbursements (all of the foregoing being collectively referred to as “Indemnified Amounts”) awarded against, incurred by arising out of or related to any of them arising out of the Collection Agent’s activities as Collection
Agent hereunder excluding, however, in all of the foregoing instances: 
  
 (i) Indemnified Amounts to the extent a final judgment of a court of competent jurisdiction holds that such Indemnified Amounts resulted from gross negligence or willful misconduct on the part of the Indemnified Party
seeking indemnification; or 
  
 (ii) Indemnified
Amounts to the extent the same includes losses in respect of Receivables that are uncollectible on account of the insolvency, bankruptcy or lack of creditworthiness of the related Obligor. 
  
 (b) Without limiting the generality of the foregoing indemnification, the
Collection Agent shall indemnify the Indemnified Parties for Indemnified Amounts (including, without limitation, losses in respect of uncollectible Receivables, regardless of whether reimbursement therefor would constitute recourse to the Collection
Agent) relating to or resulting from: 
  
 (i) the
failure by the Collection Agent to comply with any applicable Law, rule or regulation with respect to any Receivable or Contract related thereto; 
  
 (ii) any failure of the Collection Agent to perform its duties, covenants or other obligations in accordance with the provisions of this
Agreement or any other 

  

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Transaction Document or the breach of any of its representations and/or warranties hereunder or under any other Transaction Document (including, without
limitation, the failure of any information or report delivered to a party to the Transaction Documents to be true, complete and correct when made or deemed to have been made); 
  
 (iii) the commingling of Collections of Receivables at any time with other funds or the failure to deposit
amounts into the appropriate account pursuant to the Transaction Documents; 
  
 (iv) the omission or action, or allegation thereof, by the Borrower in connection with any registration or non-registration of the Notes under applicable securities laws; 
  
 (v) [reserved]; 
  
 (vi) the occurrence of a Collection Agent Default, or event
that with the giving of notice, the lapse of time and/or both would constitute a Collection Agent Default; or 
  
 (vii) the violation of any foreign, federal, state or local law, rule or regulation, or any judgment, order or decree applicable to it,
which violation reasonably could result in a Material Adverse Effect, including, without limitation, the violation of any federal or state securities, banking or antitrust laws, rules or regulations. 
  
 Section 2.2 Reimbursement Obligations. Anything herein or in any
Transaction Document to the contrary notwithstanding, the Insurer shall be entitled to full reimbursement from the Collection Agent for any payment made under the Policy arising as a result of either of the Collection Agent’s failure to pay or
deposit an amount in respect of any Receivable, Seller Related Security, Asset and/or SunGard Financing Related Security or any other amount required to be paid or deposited pursuant to the Transaction Documents, together with interest on any and
all such amounts remaining unreimbursed (to the extent permitted by law, if in respect of any such unreimbursed amounts representing interest) from the date such amounts became due until paid in full (after as well as before judgment), at a rate of
interest equal to the Default Rate. SunGard Parent agrees to pay to the Insurer, on demand, any and all charges, fees, costs and expenses that the Insurer may reasonably pay or incur, including, but not limited to, attorneys’, accountants’
and other third parties’ fees and expenses and any filing fees and expenses, in connection with (i) the negotiation, execution, delivery and preparation of the Transaction Documents and any document or instruments delivered pursuant hereto
or thereto and the transactions contemplated hereby or thereby, (ii) the enforcement, defense or preservation (including defending, monitoring or participating in any litigation or proceeding (including any bankruptcy or insolvency proceeding))
of any rights against the Collection Agent, any rights under this Agreement or any other Transaction Document to which the Collection Agent is a party or by which it is bound or any rights under any certificate, document or instrument delivered by
the Collection Agent, (ii) any action, proceeding or investigation affecting the Collateral or the rights or obligations of the Insurer under the Policy or the Transaction Documents as a result of, related to or arising from the Collection
Agent’s management thereof, servicing thereof or collection practices related thereto, including, without limitation, any judgment or settlement entered into affecting the Insurer or the Insurer’s interests, 

  

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(iii) any amendment, waiver or other action with respect to, or related to, this Agreement, whether or not executed or completed, (iv) any audit,
dispute, disagreement, litigation or preparation for litigation involving this Agreement, any other Transaction Document, or any document or instrument delivered pursuant hereto or thereto and the transaction contemplated hereby or thereby
(including, without limitation, perfection or protection of the Collateral) in each case to the extent related to or arising from the Collection Agent’s management thereof, servicing thereof or collection practices related thereto or
(v) arising in connection with the replacement of the Collection Agent. Such payment or reimbursement shall be remitted after written demand therefor together with all reasonable out-of-pocket costs, expenses and disbursements, including
attorney’s fees and expenses, and other costs, fees and expenses incurred by the Insurer in connection with the enforcement of its rights hereunder. 
  
 Section 2.3 In the event of any payment by the Insurer, each of the parties hereto agrees to accept the voucher or other evidence of payment provided by
the Insurer as prima facie evidence of the propriety thereof and the liability, if any, described in Section 2.1 or Section 2.2. All payments to be made hereunder or under any other Transaction Document shall be made to the Indemnified
Party in lawful currency of the United States of America in immediately available funds at the notice address for the Insurer as specified in the Credit Agreement on the date when due or as such Indemnified Party shall otherwise direct by written
notice to the other parties hereto. Payments to be made to hereunder shall bear interest at the Default Rate from the date due to the date when paid. 
  
 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES

  
 Representations and Warranties of the Collection Agent.
The Collection Agent hereby represents and warrants to SunGard Financing, as to itself, as of the date hereof, and as of the date of each Purchase, that: 
  
 Section 3.1 Corporate Existence and Power. The Collection Agent (a) is duly formed, validly existing and in good standing under the Laws of
the jurisdiction of its organization, (b) has all requisite power and authority to (i) own or lease its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Transaction Documents to which it
is a party, (c) is duly qualified and in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification, (d) is in compliance with all
Laws, orders, writs, injunctions and orders and (e) has all requisite governmental licenses, authorizations, consents and approvals to operate its business as currently conducted; except in each case referred to in clause (c), (d) or (e),
to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. 
  
 Section 3.2 Power and Authority; Due Authorization Execution and Delivery. The execution, delivery and performance by the Collection Agent of each
Transaction Document to which it is a party or by which it is bound, and the consummation of the Transactions, is within the Collection Agent’s corporate powers, have been duly authorized by all necessary corporate or other organizational
action, and do not and will not (a) contravene the terms of any 

  

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of the Collection Agent’s Organization Documents, (b) conflict with or result in any breach, default or contravention of, result in the
acceleration of or require any payment to be made under (i) any Contractual Obligation (including, without limitation, any loan agreement, mortgage or indenture) to which the Collection Agent is a party or by which it is bound or affecting the
Collection Agent or the properties of the Collection Agent or (ii) any material order, injunction, writ or decree of any Governmental Authority or any judicial or arbitral award to which the Collection Agent or its property is subject,
(c) violate any material Law or (d) result in the creation of any lien upon or in respect of any of its properties; except with respect to any conflict, breach or contravention or payment (but not creation of Liens) referred to in clause
(b)(i), to the extent that such conflict, breach, contravention or payment could not reasonably be expected to have a Material Adverse Effect. 
  
 Section 3.3 Governmental Authorization; Other Consents. No material approval, consent, exemption, authorization, or other action by, or notice to,
or filing with, any Governmental Authority or any other Person is necessary or required in connection with (a) the execution, delivery or performance by, or enforcement against, the Collection Agent of this Agreement or any other Transaction
Document, or for the consummation of the Transactions, (b) the perfection or maintenance of the Liens created under the Transaction Documents (including the priority thereof) or (c) the exercise by SunGard Funding of its rights or remedies
under the Transaction Documents, except for (i) the approvals, consents, exemptions, authorizations, actions, notices and filings which have been duly obtained, taken, given or made and are in full force and effect and (ii) those
approvals, consents, exemptions, authorizations or other actions, notices or filings, the failure of which to obtain or make could not reasonably be expected to have a Material Adverse Effect. 
  
 Section 3.4 Binding Effect. This Agreement and each other Transaction
Document to which it is a party has been duly executed and delivered by the Collection Agent. This Agreement and each other Transaction Document to which it is a party constitutes, a legal, valid and binding obligation of the Collection Agent,
enforceable against the Collection Agent in accordance with its terms, except as such enforceability may be limited by Debtor Relief Laws and by general principles of equity. 
  
 Section 3.5 Litigation. There are no actions, suits, proceedings, claims, disputes or investigations pending or, to
the knowledge of the Collection Agent, threatened in writing or contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against the Collection Agent or against any of its properties, revenues or subsidiaries that
either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 
  
 Section 3.6 Compliance with SunGard Financial Policy. The Collection Agent has complied in all material respects with the SunGard Financial Policy
with regard to each Receivable and the related Contract, and has not made any change to such SunGard Financial Policy, except (i) those changes approved with the prior written consent of the Controlling Party, or (ii) such material changes
as to which the Controlling Party has been notified in accordance with Section 5.1(a)(iii) of the Credit Agreement. The Collection Agent will not extend, amend or otherwise modify the terms of any Receivable or any Contract related
thereto other than in accordance with the SunGard Financial Policy. 
  

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 Section 3.7 Early Amortization Events and Potential Early Amortization Events. No Early
Amortization Event or Potential Early Amortization Event has occurred and is continuing. 
  
 Section 3.8 No Collection Agent Default. To the knowledge of the Collection Agent, neither a Collection Agent Default nor an Event of Default has occurred and is continuing. 
  
 Section 3.9 Location of Records, Marked Records. The offices at which
the Collection Agent keeps its records concerning the Receivables, the Lockboxes the Lockbox Accounts, the Collection Account and the Related Collateral are located at the addresses set forth on Schedule B hereto. The records of the Collection Agent
have been marked to indicate the conveyance of the Receivables to SunGard Funding and the interests of the Administrative Agent for the benefit of the Lenders and the Insurer. 
  
 ARTICLE IV 
 COVENANTS AND AGREEMENTS 
  
 Section 4.1 Compliance
With Agreements and Applicable Laws. The Collection Agent shall comply in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or property, except if
the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect. 
  
 Section 4.2 Existence. The Collection Agent shall preserve, renew and maintain in full force and effect its legal existence under the Laws
of the jurisdiction of its organization except in a transaction permitted by Section 7.04 or 7.05 of the Senior Credit Agreement and (b) take all reasonable action to maintain all rights, privileges (including its good standing), permits,
licenses and franchises necessary or desirable in the normal conduct of its business, except (i) to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect or (ii) pursuant to a transaction
permitted by Section 7.04 or 7.05 of the Senior Credit Agreement. 
  
 Section 4.3 Compliance Certificate. The Collection Agent shall deliver to the parties to the Transaction Documents, at the time that the delivery of the financial statements is required pursuant to Section 9(b)(ii) of the
Performance Undertaking, a certificate of one (or more) of its officers stating that: 
  
 (a) a review of the performance of the Collection Agent under the Transaction Documents to which it is a party during such period has been made under such officer’s supervision; and 
  
 (b) to the best of such officer’s knowledge following reasonable
inquiry, no Collection Agent Default, or event or circumstance that with notice and/or the passage of time would constitute a Collection Agent Default, has occurred, or if any such default has occurred, specifying the nature thereof and, if the
Collection Agent has a right to cure such default, stating in reasonable detail (including, if applicable, any supporting calculations) the steps, if any, being taken to cure such default or to otherwise comply with the terms of the agreement to
which such default relates. 
  

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 Section 4.4 Inspection Rights. SunGard Parent shall permit representatives and independent
contractors of the Administrative Agent, each Lender and the Insurer to visit and inspect the properties of the Collection Agent, SunGard Parent, each Seller, SunGard Financing and the Borrower, to examine their respective corporate, financial and
operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective directors, officers, and independent public accountants, all at the reasonable expense of SunGard
Parent and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to such Person; provided, however, that, (a) excluding any such visits and inspections during the
continuation of a Potential Early Amortization Event or an Early Amortization Event, only the Administrative Agent, on behalf of the Lenders, and the Insurer, may exercise such rights and shall not exercise such rights more often than two
(2) times during any calendar year and only one (1) such time shall be at the expense of SunGard Parent; and (b) when a Potential Early Amortization Event or an Early Amortization Event exists, the Administrative Agent, any Lender or
the Insurer (or any of their respective representatives or independent contractors) may do any of the foregoing at the expense of the SunGard Parent at any time during normal business hours and upon reasonable advance notice to SunGard Parent. In
addition to the foregoing, SunGard Parent will allow the Funding Agents and the Insurer to perform a review of the SunGard Financial Policy, including a Receivables audit of the Collection Agent, SunGard Parent, each Seller, SunGard Financing and/or
the Borrower performed by JPMorgan Chase Bank, N.A.’s Specialized Due Diligence Group or third party auditors reasonably acceptable to the Funding Agents and the Insurer, annually at the expense of SunGard Parent, and more frequently than
annually at the expense of SunGard Parent upon the occurrence of an Early Amortization Event. Each of the Administrative Agent, the Lenders and the Insurer is an express third party beneficiary of this Section 4.4 and may enforce its rights
under this Section 4.4 directly. 
  
 Section 4.5 Financing
Statements and Further Assurances. The Collection Agent will cause to be filed all necessary financing statements or other instruments, and any amendments or continuation statements relating thereto, necessary to be kept and filed in such
manner and in such places as may be required by law to preserve and protect fully the interest of the Administrative Agent in the Collateral. The Collection Agent will file or cause to be filed all UCC financing statements necessary for perfecting a
first priority security interest of the Administrative Agent for the benefit of the Lenders and the Insurer in the Receivables, Seller Related Security, Assets and/or SunGard Financing Related Security by, or promptly following, the Closing Date.
The Collection Agent shall, upon the reasonable request of the Insurer, from time to time, execute, acknowledge and deliver, or cause to be executed, acknowledged and delivered, within ten days of such request, such amendments hereto and such
further instruments and take such further action as may be reasonably necessary to effectuate the intention, performance and provisions of the Transaction Documents. 
  
 Section 4.6 No Contest. The Collection Agent will not at any time in the future deny that this Agreement or any other
Transaction Document to which it is a party constitutes its legal, valid and binding obligation. 
  

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 Section 4.7 Repayment of Loans. The Collection Agent shall, and shall cause the Borrower
to, instruct the Administrative Agent to surrender the Policy to the Insurer for cancellation upon the termination of the Credit Agreement and the repayment of the Loans and all other obligations thereunder. 
  
 Section 4.8 Servicing of Receivables. All Receivables, Seller Related
Security, Assets and/or SunGard Financing Related Security will be serviced in compliance with this Agreement and the other Transaction Documents. 
  
 Section 4.9 Due Diligence. If in the Insurer’s reasonable judgment, circumstances so warrant, based on the performance of the
Transaction (and the Insurer notifies the Collection Agent of such circumstances), the Insurer shall have the right, so long as it remains a Controlling Party, to conduct reviews of the Collection Agent’s practices as Collection Agent through
reviews of the Receivables, Seller Related Security, Assets and/or SunGard Financing Related Security and reviews of origination, servicing and collection practices. Such due diligence shall be conducted at the expense of the Insurer and in a
reasonable manner convenient to both the Collection Agent and the Insurer. This due diligence right is in addition to the access provided pursuant to Section 4.4 hereof. 
  
 Section 4.10 Change of Jurisdiction. The Collection Agent will notify the Administrative Agent and the Insurer of any
change in the jurisdiction of organization of SunGard Parent, each Seller, the Collection Agent, the Transferor or the Borrower. 
  
 Section 4.11 Accuracy of Information. All information heretofore furnished by the Collection Agent or any of its Affiliates to SunGard Financing
for purposes of or in connection with this Agreement, any of the other Transaction Documents or any transaction contemplated hereby or thereby is, and all such information hereafter furnished by the Collection Agent or any of their Affiliates to
SunGard Financing will be, true and accurate in every material respect on the date such information is stated or certified. 
  
 Section 4.12 Maintenance of Licenses. The Collection Agent has had and shall maintain all licenses, permits, charters and registrations, the loss
or suspension of which, or the failure to hold which, could reasonably be expected to result in a Material Adverse Change. 
  
 Section 4.13 Return of Policy. The Collection Agent shall instruct the Administrative Agent, and shall cause the Borrower to do the same, upon a
retirement or other payment of all of the Loans, to surrender the Policy to the Insurer for cancellation. 
  
 ARTICLE V 
 MISCELLANEOUS 
  
 Section 5.1 Waivers and Amendments. No failure or delay on the part of SunGard Funding in exercising any power, right
or remedy under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or remedy preclude any other further exercise thereof or the exercise of any other power, right or remedy. The rights
and remedies herein provided shall be cumulative and nonexclusive of any rights or 

  

 11 

 
remedies provided by Law. Any waiver of this Agreement shall be effective only in the specific instance and for the specific purpose for which given.

  
 (b) No provision of this Agreement may be amended,
supplemented, modified or waived except in writing with the consent of the Collection Agent and SunGard Funding. None of the parties hereto shall modify, waive or amend, or consent to any modification, waiver or amendment of, any of the terms,
provisions or conditions of the Transaction Documents to which it is a party or by which it is bound without the prior written consent of the Insurer, and any such modification, waiver or amendment without the prior written consent of the Insurer
shall be voice and of no force or effect. 
  
 Section 5.2
Bankruptcy Petition. Collection Agent, in its capacity as Collection Agent will not, before the date that is one year and one day after the payment in full of all Obligations, institute against, or join any other Person in instituting
against, SunGard Financing, SunGard Funding or any creditor of SunGard Financing or SunGard Funding under any Debtor Relief Law. 
  
 Section 5.3 GOVERNING LAW. THIS UNDERTAKING SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (WITHOUT GIVING
EFFECT TO THE CONFLICT OF LAWS PROVISIONS THEREOF OTHER THAN SECTION 5-1401 AND SECTION 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 
  
 Section 5.5 CONSENT TO JURISDICTION. ANY LEGAL ACTION OR PROCEEDING ARISING UNDER ANY TRANSACTION DOCUMENT OR IN ANY WAY CONNECTED WITH
OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY TRANSACTION DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, MAY BE BROUGHT IN THE COURTS OF THE
STATE OF NEW YORK SITTING IN NEW YORK CITY OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH PARTY TO THIS AGREEMENT CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE
NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH PARTY TO THIS AGREEMENT IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR
HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY TRANSACTION DOCUMENT OR OTHER DOCUMENT RELATED THERETO. 
  
 Section 5.6 WAIVER OF RIGHT TO TRIAL BY JURY. EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY
CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY TRANSACTION DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY TRANSACTION DOCUMENT, OR 

  

 12 

 
THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH
PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 5.5 WITH ANY
COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 
  
 Section 5.7 Integration; Binding Effect; Survival of Terms. 
  
 (a) This Agreement and each other Transaction Document contain the final and complete integration of all prior expressions
by the parties hereto with respect to the subject matter hereof and shall constitute the entire agreement among the parties hereto with respect to the subject matter hereof superseding all prior oral or written understandings. 
  
 (b) This Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and permitted assigns (including any trustee in bankruptcy). This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms and shall remain in
full force and effect until terminated in accordance with its terms. 
  
 Section 5.8 Counterparts; Severability; Section References. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be
an original and all of which when taken together shall constitute one and the same Agreement. Any provisions of this Agreement which are prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Unless
otherwise expressly indicated, all references herein to “Article,” “Section,” “Schedule” or “Exhibit” shall mean articles and sections of, and schedules and exhibits to, this Agreement. 
  
 Section 5.9 Consent to Assignment. The Collection Agent consents to
the assignment by SunGard Funding of its right, title and interest under this Agreement to the Administrative Agent for the benefit of the Lenders and the Insurer. The Administrative Agent shall be entitled to exercise, without notice to or consent
of SunGard Financing, any and all rights of SunGard Funding under this Agreement from time to time, but shall have not obligations under this agreement or any liability for any loss, expense, claim or damage incurred by or asserted against SunGard
Funding by reason of act or omissions under this Agreement. 
  
 Section 5.10 Collateral Assignment; Third-Party Beneficiary. Each of the parties hereto hereby acknowledge and agree that all of the right, title and interest of SunGard Financing in, to and under this Agreement has been transferred
to SunGard Funding LLC and that SunGard Funding LLC has collaterally assigned to the Administrative Agent (for the benefit of the Lenders and the Insurer) all of its right, title and interest in, to and under this Agreement. 
  

 13 

 
Each reference herein to SunGard Financing shall include any and all of its assigns (including collateral assigns). Each of the parties hereto agrees that
the Administrative Agent (for the benefit of the Lenders and the Insurer) constitutes an express third-party beneficiary with respect to this Agreement and shall be entitled to rely on and enforce all representations, warranties, covenants and
agreements contained herein as if made directly to it (for the benefit of the Lenders and the Insurer) and as if it (for the benefit of the Lenders and the Insurer) were a party hereto. 
  
 [SIGNATURE PAGES FOLLOW] 
  

 14 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered by their
duly authorized officers as of the date hereof. 
  

			
	SUNGARD DATA SYSTEMS INC., as Collection Agent
		
	By:	 	/s/    ANDREW P.
BRONSTEIN        
	 Name:
	 	Andrew P. Bronstein
	 Title:
	 	Vice President, Controller and Assistant Secretary
	
	SUNGARD FUNDING LLC, as Member
		
	 By:
	 	 SunGard Financing LLC, its Member

		
	By:	 	/s/    MICHAEL J. RUANE        
	 Name:
	 	Michael J. Ruane
	 Title:
	 	President

  

 15Form of Executive Employment Agt

 Exhibit 10.17 
  
 EXECUTIVE EMPLOYMENT AGREEMENT 
  
 THIS EXECUTIVE EMPLOYMENT AGREEMENT (the “Agreement”) entered into and made effective this 11th day of
August, 2005, by and between [Executive] (“Executive”) and SunGard Data Systems Inc. (“SunGard”). 
  
 WHEREAS, Executive is currently employed by SunGard, and previously entered into a Change in Control Agreement with SunGard, dated as of December 15,
2004 and clarified by memorandum dated December 30, 2004, (the “Change in Control Agreement”) pursuant to which Executive will be entitled to certain benefits if a change in control (as defined in the Change in Control
Agreement) occurs; 
  
 WHEREAS, SunGard and Solar Capital Corp., a
Delaware corporation, (“Merger Co”) have entered into the Agreement and Plan of Merger, dated as of March 27, 2005 and as it may be amended from time to time (the “Merger Agreement”), pursuant to which Merger
Co will be merged with and into SunGard (the “Merger”); 
  
 WHEREAS, private equity funds sponsored by Silver Lake Partners, Bain Capital, The Blackstone Group, Goldman, Sachs & Co., Kohlberg Kravis Roberts, Providence Equity Partners and Texas Pacific Group
(collectively, the “Investors”) are stockholders of SunGard Capital Corp. (“Capital Corp.”) and SunGard Capital Corp. II (“Capital Corp. II”), the holding companies of SunGard immediately after the
Merger; 
  
 WHEREAS, in connection with the Merger Agreement, the
Investors and Executive entered into an agreement, dated as of March 27, 2005, (the “Transition Agreement”) pursuant to which (i) the Investors and Executive agreed to Executive’s continued employment with SunGard
after the consummation of the Merger (the “Closing”) on the terms and conditions set forth in the Transition Agreement and the Exhibits thereto, and (ii) Executive agreed to waive his rights and entitlements under the Change in
Control Agreement effective immediately prior to the Closing in exchange for certain payments, benefits and commitments that the Investors agreed to cause to be provided under one or more definitive agreements to be entered into between SunGard and
Executive in which the terms and conditions set forth in the Transition Agreement and the Exhibits thereto will be memorialized; and 
  
 WHEREAS, in accordance with the foregoing, SunGard and Executive desire to enter into this Agreement to set forth the terms of Executive’s employment
with SunGard, effective as of the Closing. 
  
 NOW, THEREFORE,
intending to be legally bound and in consideration of the mutual covenants and conditions herein contained, the parties hereby agree as follows: 
  
 1. Employment. Effective upon the Closing, SunGard hereby employs Executive, and Executive hereby accepts such employment and shall perform Executive’s duties
and responsibilities, in accordance with the terms, conditions and provisions hereinafter set forth. 
  
 1.1. Term of Agreement and Employment Period. This Agreement shall be effective as of the Closing and shall continue in effect until
December 31, 2010, provided that effective as 

 
of December 31, 2009 and as of the last day of each subsequent calendar year (each such date is referred to hereinafter as a “Year-End
Date”), the term of this Agreement shall be automatically extended for an additional one (1) year period unless, at least twelve (12) months before any Year-End Date, SunGard gives written notice to Executive of intent not to
renew, in which case (i) this Agreement shall terminate on the first Year-End Date that occurs at least twelve (12) months after the notice of non-renewal is provided or on such later date when SunGard’s obligations to provide
severance and benefits hereunder and Executive’s obligations to comply with the restrictive covenants hereunder shall have been fully satisfied, and (ii) the Employment Period (as defined below) shall terminate on the first Year-End Date
that occurs at least twelve (12) months after the notice of non-renewal is provided unless earlier terminated pursuant to Section 2 below. The period during which this Agreement is in effect is hereinafter referred to as the
“Term” and the portion of the Term during which Executive is employed by SunGard hereunder is hereinafter referred to as the “Employment Period.” This Agreement shall not become effective until the Closing. Notwithstanding
anything in this Agreement to the contrary, this Agreement shall be null, void and without effect upon termination of the Merger Agreement pursuant to Section 8.01 thereof. 
  
 1.2. Duties and Responsibilities. During the Employment Period, Executive shall serve as the [Title] of
SunGard Data Systems Inc., or in such other position as is mutually agreed by the Chief Executive Officer of SunGard (the “CEO”) and Executive. Executive’s principal employment duties and responsibilities shall be those duties
and responsibilities customary for such position and such other duties and responsibilities as Executive’s supervisor, the CEO or the Board of Directors of SunGard (the “Board”) shall reasonably assign to Executive. 

 
 1.3. Extent of Service. Executive shall use Executive’s best
efforts to carry out Executive’s duties and responsibilities under Section 1.2 hereof and, consistent with the other provisions of this Agreement, shall devote substantially all of Executive’s business time, attention and energy
thereto. The foregoing shall not be construed as preventing Executive from (a) making passive investments in other businesses or enterprises, or (b) engaging in any other business activity unless, in the judgment of the Board, it is likely
to interfere in any material respect with Executive’s ability to discharge Executive’s duties and responsibilities to SunGard. In addition, it shall not be a violation of this Agreement for Executive to serve on civic or charitable boards
or committees; deliver lectures; fulfill speaking engagements or teach at educational institutions; and to manage personal investments (subject to the immediately preceding sentence); provided that such activities do not interfere in any material
respect with the performance of Executive’s responsibilities as an employee in accordance with this Agreement. Executive may serve on one (1) corporate board of another company (and committees thereof) during the Employment Period subject
to approval by the CEO, and service on any additional corporate boards or committees will require the prior approval of the Board. Notwithstanding the foregoing, to the extent that Executive is serving on the corporate board of any other company
immediately prior to the Closing, Executive shall continue to be eligible to serve on such corporate board or committee after the Closing. Schedule 1 to this Agreement lists the corporate boards and committees for which Executive is serving
immediately prior to the Closing. 
  
 1.4. Base Salary. For
all the services rendered by Executive hereunder, during the Employment Period, SunGard shall pay Executive a base salary at the annual rate of [Salary], payable in installments in accordance with SunGard’s normal payroll practices.
During the 

  

 -2- 

 
Employment Period, Executive’s base salary shall be reviewed annually by the Board (or the compensation committee of the Board), in consultation with
the CEO, pursuant to SunGard’s normal compensation and performance review policies for senior level executives, which shall be substantially similar to SunGard’s normal policies before the Closing, subject to such changes as may be
approved by the CEO and the Board. The amount of any increase for each year shall be determined at such times as bonuses are normally paid to executives of SunGard and shall be retroactive to January 1 of that year. Executive’s base salary
shall not be decreased during the Employment Period; provided, that the foregoing shall not apply to any reduction that is part of a general salary reduction program affecting executives of SunGard, approved by the CEO and the Board, to the
extent such reduction does not reduce Executive’s Base Salary below the Base Salary of Executive as of the Closing. For purposes of this Agreement, the term “Base Salary” shall mean the amount of Executive’s base salary
established from time to time pursuant to this Section 1.4. 
  
 1.5. Incentive Bonus. 
  
 (a) For
the 2005 calendar year, Executive shall be eligible to receive an annual incentive bonus under SunGard’s Executive Incentive Compensation (“EIC”) plan as in effect immediately prior to the Closing, which bonus shall be
determined in accordance with SunGard’s past practices and the EIC plan’s terms. The calculations of actual earnings per share, operating income or other relevant financial targets in Executive’s 2005 EIC plan will be determined on a
pro forma basis as if the Merger did not occur until after December 31, 2005, using, as applicable, assumptions regarding SunGard’s capital structure for the balance of 2005, projected debt levels, software capitalization and amortization,
and weighted average shares outstanding, that are consistent with SunGard’s 2005 operating budget that was provided to the Investors and on which Executive’s EIC plan targets were originally based. In determining whether the applicable
financial targets have been achieved, (i) all management and transaction fees and extraordinary items and non-cash equity incentive expenses related to the Merger and (ii) solely to the extent consistent with SunGard’s past practice
in determining satisfaction of EIC goals, all acquisitions and dispositions by SunGard or any of its subsidiaries in the ordinary course of business during 2005 and all items related thereto shall be disregarded. 
  
 (b) During the Employment Period, but beginning with the
2006 calendar year, Executive shall be entitled to participate in SunGard’s EIC plan which shall establish an aggregate bonus opportunity for all executives as a group and an overall compensation philosophy that are consistent with
SunGard’s practice before the Closing, provided that the Board (or compensation committee of the Board) may re-align the performance metrics and other terms after consultation with the CEO. Each year, Executive’s EIC plan shall specify the
annual incentive bonus amount(s) to be paid to Executive at certain specified financial performance targets, which may include (i) four quartile targets (which was the method generally used by SunGard before the Closing for incentives based on
earnings per share); (ii) minimum, midpoint and maximum targets (which was the method generally used by SunGard before the Closing for incentives based on operating income); (iii) a target clearly identified as the “goal,” or
(iv) some other manner of specifying financial performance targets (the fourth quartile target, maximum target, identified “goal” target or highest specified financial performance target, without taking into account any incentive
override for above goal performance, is referred to as the “Goal”). 
  

 -3- 

 For purposes of this Agreement, the term “Incentive Bonus” shall mean the amount of Executive’s
annual incentive bonus established from time to time pursuant to this Section 1.5. 
  
 1.6. Retirement, Welfare and Other Benefit Plans and Programs. During the Employment Period, Executive shall be entitled to participate in all employee retirement, welfare, and other benefit plans and programs
(other than any equity-based compensation plan or program) made available to SunGard’s senior level executives as a group or to its employees generally, as such plans and programs may be in effect from time to time and subject to the
eligibility requirements of the plan or program. During the Employment Period, Executive shall be entitled to a leased car or car allowance at a monthly rate that is no less than that provided by SunGard to Executive before the Closing. During the
Employment Period, Executive shall be entitled to vacation and sick leave in accordance with SunGard’s vacation, holiday and other pay for time not worked policies as in effect from time to time. Benefits pursuant to such plans, programs and
policies (other than any equity-based compensation plan or program) shall be substantially similar to SunGard’s plans, programs and policies in place prior to the Closing, subject to such changes as are similar to changes previously made from
time to time by SunGard to its plans, programs or policies or as may be approved by the CEO before or after the implementation of such change. 
  
 1.7. Reimbursement of Expenses. Executive shall be provided with reimbursement of reasonable expenses related to Executive’s employment by
SunGard in accordance with SunGard’s normal business expense reimbursement practices, subject to such changes as may be approved by the CEO. 
  
 1.8. Stock Options. 
  
 (a) Initial Stock Option Grants. Effective upon the Closing, initial stock option grants shall be made to Executive under the
SunGard 2005 Management Incentive Plan (the “Incentive Plan”). The terms and conditions of such stock option grants shall be as set forth in the time-based and performance-based stock option award agreements attached hereto as
Exhibit A and Exhibit B, respectively (the “Initial Option Awards”), which are specifically incorporated herein by reference. 
  
 (b) Future Stock Option Grants. 
  
 (i) On or before December 31, 2010, Capital Corp. and Capital Corp. II shall have granted, in the aggregate, options with respect to
14.2127% of Total Equity (33,579,495.1506 Units (as defined in the Initial Option Awards)); it being understood that, except with respect to the grant of options in connection with Closing and the reallocation of a certain portion of the option pool
as expressly required herein, the approval of the compensation committee of Capital Corp. and Capital Corp. II and the CEO shall be necessary for any grant of options in Capital Corp. and Capital Corp. II. The terms and conditions of any stock
options granted to Executive in accordance with Section 1.8(b)(i)(a) or (b) shall be the same as the terms and conditions of the Initial Option Awards, except that the exercise price shall be the then current fair market value and vesting
shall occur within the time periods set forth in this Section 1.8(b)(i). For purposes of this Section 1.8(b), “Total Equity” means the total outstanding shares of Class A Common Stock, par value $0.001 per share
(“Class A”), and Class L Common Stock, par value $0.001 per share (“Class L”), of Capital Corp. and Preferred Stock, par value $0.001 

  

 -4- 

 
per share (“Preferred Stock”), of Capital Corp. II immediately after Closing, calculated on a fully-diluted basis assuming the full grant
and exercise of the 14.2127% (33,579,495.1506 Units) option pool referred to herein, whether or not vested or exercisable, it being understood that such options will be for Units consisting of Class A, Class L and Preferred Stock. 

 
 (a) Time-Based Options. On or before
December 31, 2010, time-based options with respect to 5.8581% of Total Equity (13,840,708.1995 Units) shall have been granted by Capital Corp. and Capital Corp. II, respectively. Time-based options to purchase equity units accounting for
5.4550% of Total Equity (12,888,326.6328 Units) will be granted at Closing, with (i) 3.5264% of Total Equity (8,331,732.5137 Units) in grants made to Senior Managers and 1.9286% of Total Equity (4,556,594.1191 Units) in grants made to Key
Employees. The remaining 0.4031% (952,381.5666 Units) (0.3317% (783,688.8257 Units) for Senior Managers and 0.0714% (168,692.7409 Units) for Key Employees) will be held back to be granted in connection with future hires, promotions and rebalancing,
with the excess, if any, of 0.08062% of Total Equity (190,476.3133 Units) over that percentage of Total Equity with respect to which time-based options were granted in connection with new hires, promotions, and rebalancing to be granted at the end
of each of 2006 and 2007 to all persons (“Founders”) who received time-based options at Closing (such excess, the “Unused Time-Based Pool”); provided, that the percentage of Total Equity available for grants of
time-based options in connection with new hires, promotions and rebalancing in subsequent years shall be correspondingly reduced. Each Founder’s percentage share of the Unused Time-Based Pool allocated in 2006 or 2007 (subject to such
Founder’s employment with SunGard at the time of allocation) shall equal (x) the number of equity units covered by time-based options included in such Founder’s initial option award, divided by (y) the total number of equity
units covered by all time-based options included in initial option awards granted on the Closing Date to all Founders (who are employed by SunGard or any of its affiliates at the time of allocation) as a group (excluding the CEO). For purposes of
this Section 1.8(b), (i) “Senior Managers” shall mean those Founders who receive time-based options and performance-based options in connection with Closing, and (ii) “Key Employees” shall mean those
Founders who receive time-based options, but not performance-based options, in connection with Closing. 
  
 (b) Performance-Based Options. On or before December 31, 2010, performance-based options with respect to 8.3545% of Total
Equity (19,738,786.9512 Units) shall have been granted by Capital Corp. and Capital Corp. II to Senior Managers, consisting of 7.7576% of Total Equity (18,328,525.0878 Units) in grants made in connection with the Closing and the remaining 0.5969%
(1,410,261.8634 Units) from a reserve pool for grants in connection with new hires, promotions, and rebalancing. At the end of each of 2006, 2007 and 2008, performance-based options shall be allocated among Senior Managers with respect to the
excess, if any, of 0.11938% of Total Equity (282,052.3727 Units) over that percentage of Total Equity with respect to which performance-based options were granted in connection with new hires, promotions, and rebalancing in such year (such excess,
the “Unused Performance-Based Pool”), and the percentage of Total Equity available for grants of performance-based options in connection with new hires, promotions, and rebalancing in subsequent years shall be correspondingly
reduced. Each Senior Manager’s percentage share of the Unused Performance-Based Pool allocated in 2006, 2007, or 2008 (subject to such Senior Manager’s continued employment with SunGard) shall equal (x) the number of equity units
covered by performance-based options included in such Senior Manager’s initial option award, 

  

 -5- 

 
divided by (y) the total number of equity units covered by all performance-based options included in initial option awards granted on the Closing Date
to all Senior Managers (who are employed by SunGard or any of its affiliates at the time of allocation) as a group (excluding the CEO). 
  
 (ii) Any options granted under Section 1.8 that are forfeited or cancelled, or with respect to which shares issued upon exercise
thereof have been called by Capital Corp., Capital Corp. II or other shareholders of Capital Corp. II pursuant to the applicable option awards or stockholders agreement by and among Capital Corp., certain of its subsidiaries and stockholders of
Capital Corp. (the “Stockholders Agreement”) will be subject to allocation as determined by the board of Capital Corp. (or the compensation committee of Capital Corp.) and the CEO. 
  
 (iii) SunGard acknowledges and agrees that Executive is
entering into this Agreement in reliance on the commitment of Capital Corp. and Capital Corp. II to the Senior Managers as a group and to the Key Employees as a group as set forth in this Section 1.8(b) and may enforce the provisions of this
Section 1.8(b) on their behalf, including with equitable remedies to the extent available at law, and that Executive is entering into this Agreement in reliance on the acknowledgement set forth in this Section 1.8(b)(iii). 
  
 2. Termination. The Employment Period shall end and Executive’s employment shall
terminate upon the occurrence of any of the first to occur of any of the events described in Sections 2.1 through 2.4 below. 
  
 2.1. Termination Without Cause; Resignation for Good Reason. 
  
 (a) SunGard may terminate Executive’s employment under this Section 2.1 at any time without Cause
(as defined in Section 2.7(d)) upon not less than ninety (90) days’ prior written notice to Executive; provided, however, that, in the event that such notice is given, Executive shall be allowed to seek other employment during such
notice period. In addition, Executive may terminate Executive’s employment under this Section 2.1 by voluntarily resigning for Good Reason (as defined in Section 2.7(i)). Executive shall give SunGard not less than thirty
(30) days prior written notice of such resignation, which notice must be given within ninety (90) days after the cure period for correcting the event or condition constituting Good Reason has expired without SunGard curing the event or
condition resulting in Good Reason. Further, Executive’s employment shall be considered to have been terminated under this Section 2.1 if, after SunGard has provided notice of intent not to renew as provided in Section 1.1,
Executive’s employment terminates on the last day of the Employment Period. This Section 2.1 shall not apply if Executive’s employment is terminated by Executive without Good Reason or on account of retirement (see Section 2.2),
or as a result of Executive’s Disability (as defined in Section 2.7(h)) or death (see Section 2.3), or by SunGard for Cause (see Section 2.4). Any termination by SunGard of Executive’s employment that is not a termination
under Section 2.3 or Section 2.4 shall be considered a termination by SunGard without Cause under this Section 2.1. 
  
 (b) Upon any termination of Executive’s employment under this Section 2.1, no further payments and benefits shall be due under
Section 1 of this Agreement after the end of the Employment Period and, if Executive executes and does not revoke the Release (as defined 

  

 -6- 

 
in Section 2.7(j)), then after Executive’s Date of Termination (as defined in Section 2.7(g)) Executive shall be entitled to receive all of
the following: 
  
 (i) SunGard shall pay to
Executive a lump sum cash payment equal to the Applicable Multiplier (as defined in Section 2.7(b)) multiplied by the sum of (1) Executive’s Base Salary at the rate in effect on Executive’s Date of Termination or such higher rate
in effect immediately before any reduction thereof that constituted Good Reason, plus (2) Executive’s Target Incentive Bonus (as defined in Section 2.7(k)), payable within ten (10) days after Executive’s Date of Termination.

  
 (ii) Executive shall receive all Accrued
Compensation (as defined in Section 2.7(a)). 
  
 (iii) During the Continuation Period (as defined in Section 2.7(f)), SunGard shall provide to Executive continued coverage under the retirement, life insurance, long-term disability, medical, dental and other group health benefits and
plans in effect for senior level executives of SunGard (or substantially comparable coverage) for Executive and, where applicable, Executive’s spouse, dependents and beneficiaries, at the same contribution or premium rate as may be charged from
time to time for active employees of SunGard generally, as if Executive had continued in employment during such period. As an alternative, SunGard may elect to pay Executive cash in lieu of such contributions or coverage in an amount equal to
Executive’s after-tax cost of obtaining comparable coverage, so long as such payments are permitted without adverse tax effect to Executive under section 409A of the Internal Revenue Code of 1986, as amended, (the “Code”). The
COBRA health care continuation coverage period under section 4980B of the Code, or any replacement or successor provision of United States tax law, shall, if permitted by law and applicable plan terms, commence immediately after the Continuation
Period. 
  
 (iv) SunGard shall provide a release
substantially in the form attached hereto as Exhibit D. If SunGard does not provide the release required pursuant to this Section 2.1(b)(v), the Release shall be null, void and without effect, and Executive shall still receive all of the
payments and benefits described in subsections (i) through (iv) above. 
  
 (c) Upon any termination of Executive’s employment under this Section 2.1, unless Section 2.1(b)(v) applies, if Executive
does not execute the Release or if Executive revokes the Release, then (i) Executive shall not be entitled to the compensation and benefits provided for in subsection (b) of this Section 2.1, (ii) after Executive’s Date of
Termination, no further payments and benefits shall be due under Section 1 of this Agreement, and (iii) Executive shall receive all Accrued Compensation. 
  
 2.2. Resignation Without Good Reason; Retirement. 
  
 (a) Executive may terminate Executive’s employment by voluntarily resigning other than for Good Reason
upon ninety (90) days’ prior written notice. In such event, unless Section 2.2(b) applies, (i) after Executive’s Date of Termination, no further payments and benefits shall be due under Section 1 of this Agreement, and
(ii) Executive shall receive all Accrued Compensation. SunGard may elect to waive the notice period or any portion thereof, and, if SunGard so waives, SunGard will continue to pay Executive’s Base Salary during the notice period.

  

 -7- 

 (b) At any time after the third anniversary of the Closing, provided that Executive is
then at least 62 years of age, Executive may terminate Executive’s employment by voluntarily retiring upon at least ninety (90) days’ prior written notice to SunGard. In such event, (i) after Executive’s Date of Termination,
no further payments and benefits shall be due under Section 1 of this Agreement, (ii) Executive shall receive all Accrued Compensation, and (iii) if Executive executes and does not revoke the Release, SunGard shall enter into a
consulting agreement with Executive pursuant to which (A) Executive shall be retained as a consultant for the twelve (12) month period immediately after the Executive’s Date of Termination (the “Consulting Period”),
(B) Executive shall receive retainer fees of $10,000 per month during the Consulting Period, and (C) Executive shall be available during the Consulting Period for up to 50 hours per month at mutually agreeable times and places to consult
with SunGard as to issues within Executive’s knowledge and expertise. In connection with Executive’s voluntary retirement pursuant to this Section 2.2(b), SunGard shall provide a release substantially in the form attached hereto as
Exhibit D. If SunGard does not provide the release required pursuant to the foregoing sentence, the Release given by Executive shall be null, void and without effect, and Executive shall still receive all of the payments and benefits
described in subsections (i) through (iii) above. 
  
 2.3. Termination Due to Disability or Death. SunGard may terminate Executive’s employment immediately upon notice if Executive has incurred a Disability; provided, however, that SunGard shall continue to pay Executive’s
Base Salary, which shall be reduced by any disability income benefits received by Executive from SunGard or any insurance plans maintained by SunGard, and shall continue to provide to Executive all benefits then in effect and due under this
Agreement until SunGard acts to terminate Executive’s employment due to a Disability. If SunGard terminates Executive’s employment due to a Disability, or if Executive dies while employed by SunGard, then (a) after Executive’s
Date of Termination, no further payments and benefits shall be due under Section 1 of this Agreement, and (b) Executive (or Executive’s Beneficiary) shall receive all Accrued Compensation. 
  
 2.4. Termination for Cause. SunGard may terminate Executive’s
employment at any time for Cause. In such event, (a) after Executive’s Date of Termination, no further payments and benefits shall be due under Section 1 of this Agreement, and (b) Executive shall receive all Accrued
Compensation. 
  
 2.5. Notice of Termination. Any
termination of Executive’s employment shall be communicated by a written notice of termination to the other party hereto given in accordance with Section 9. The notice of termination shall (a) indicate the specific termination
provision in this Agreement relied upon, (b) briefly summarize the facts and circumstances deemed to provide a basis for a termination of employment, and (c) specify the Date of Termination in accordance with the requirements of this
Agreement. 
  
 2.6. No Duty to Mitigate. Executive shall
not be required to mitigate the amount of any cash payment or the value of any benefit provided for in this Agreement by seeking other employment, by seeking benefits from another employer or other source, or by pursuing any other type of
mitigation. No payment or benefit provided for in this Agreement shall be offset or 

  

 -8- 

 
reduced by the amount of any cash compensation or the value of any benefit provided to Executive in any subsequent employment or from any other source.
Notwithstanding the foregoing, if, during the Continuation Period, Executive begins to receive group health benefits from another employer that substantially duplicate health benefits being provided by SunGard pursuant to this Section 2, then
Executive shall promptly notify SunGard of the duplicate benefits and SunGard may discontinue the duplicate benefits being provided pursuant to this Section 2. 
  
 2.7. Definitions. 
  
 (a) “Accrued Compensation” means all compensation, benefit payments, reimbursements and other amounts earned by, payable
to, or accrued and vested for Executive through and including Executive’s Date of Termination, but not paid as of Executive’s Date of Termination, including, but not limited to, (i) Base Salary, (ii) the Target Incentive Bonus,
multiplied by the number of days in which Executive was employed by SunGard during the Year of Termination for the Target Incentive Bonus, including the Date of Termination, divided by 365, (iii) Executive’s Incentive Bonus for the fiscal
year that ended immediately prior to Executive’s Date of Termination to the extent such Incentive Bonus was accrued and earned by, but not yet paid to, Executive as of Executive’s Date of Termination, (iv) pay for accrued, but unused,
vacation, (v) reimbursable business expenses incurred by Executive on behalf of SunGard and (vi) employment or retirement benefits accrued and owing to Executive under any employee benefit program of SunGard. Notwithstanding the foregoing,
for purposes of Sections 2.1(c), 2.2(a), and 2.4, “Accrued Compensation” shall not include item (ii) in the immediately preceding sentence. SunGard shall pay to Executive (or to Executive’s Beneficiary) a lump sum cash payment of
all Accrued Compensation, payable within ten (10) days after Executive’s Date of Termination, and Executive (or Executive’s Beneficiary) shall receive any vested benefits Executive accrued or earned in accordance with the terms of any
applicable benefit plans and programs of SunGard. 
  
 (b) “Applicable Multiplier” means [three (3) or two(2)]. 
  
 (c) “Beneficiary” means, in the event of Executive’s death, Executive’s legal representative, executor,
administrator or designated beneficiary, as applicable 
  
 (d) “Cause” means the occurrence of the events described in the following subsections (i) through (iii), provided that no act or failure to act by Executive shall be deemed to constitute Cause if done, or omitted to be
done, in good faith and with the reasonable belief that the action or omission was in the best interests of SunGard: 
  
 (i) at least two-thirds (2/3) of the members of the Board determined in good faith that Executive (A) was guilty of gross
negligence or willful misconduct in the performance of his duties for SunGard (other than due to illness or injury suffered by Executive or a member of his family, or comparable personal problem), (B) breached or violated, in any material
respect, any agreement between Executive and SunGard or any material policy in SunGard’s Business Conduct and Compliance Program (as amended from time to time), or (C) committed an act of dishonesty or breach of trust, or is convicted of a
crime, and the result of such dishonesty, breach of trust, or conviction of a crime is that there is material or potentially material financial or reputational harm to SunGard; and 
  

 -9- 

 (ii) such determination was made at a duly convened meeting of the Board (A) of
which Executive received written notice at least ten (10) days in advance, which notice shall have set forth in reasonable detail the facts and circumstances claimed to provide a basis for a finding that one of the events described in
subsection (i) above occurred, and (B) at which Executive had a reasonable opportunity to make a statement and answer the allegations against Executive; and 
  
 (iii) either (A) Executive was given a reasonable opportunity to take remedial action but failed or
refused to do so, or (B) at least two-thirds (2/3) of the members of the Board also determined in good faith, at such meeting, that an opportunity to take remedial action would not have been meaningful under the circumstances. 

 
 (e) “Change of Control” means the
occurrence of (a) any consolidation or merger of Capital Corp. (or any other parent company (a “Parent Company”) of SunGard that owns each of the Availability Services Business, Financial Systems Business, Higher Education
Systems Business and Public Sector Business (each as defined below)) with or into any other person, or any other corporate reorganization, transaction or transfer of securities of Capital Corp. (or such other Parent Company) by its stockholders, or
series of related transactions (including the acquisition of capital stock of Capital Corp. or such other Parent Company), whether or not Capital Corp. (or such other Parent Company) is a party thereto, in which the stockholders of Capital Corp.
immediately prior to such consolidation, merger, reorganization or transaction, own, directly or indirectly, capital stock either (i) representing directly, or indirectly through one or more entities, less than fifty percent (50%) of the
economic interests in or voting power of Capital Corp. (or such other Parent Company) or other surviving entity immediately after such consolidation, merger, reorganization or transaction or (ii) that does not directly, or indirectly through
one or more entities, have the power to elect a majority of the entire board of directors of Capital Corp. (or such other Parent Company) or other surviving entity immediately after such consolidation, merger, reorganization or transaction,
(b) any transaction or series of related transactions, whether or not Capital Corp. (or such other Parent Company) is a party thereto, after giving effect to which in excess of fifty percent (50%) of the voting power of Capital Corp. (or
such other Parent Company) is owned directly, or indirectly through one or more entities, by any person and its “affiliates” or “associates” (as such terms are defined in the Rules promulgated under the Exchange Act of 1934, as
amended (the “Exchange Act Rules”)) or any “group” (as defined in the Exchange Act Rules), other than, directly or indirectly, Qualified Institutional Investors (as defined in the Stockholders Agreement) (and in the case
of a “group”, excluding a percentage of such “group” equal to the percentage of the voting power of such group controlled by any Qualified Institutional Investors), excluding, in any case referred to in clause (a) or
(b) any Initial Public Offering (as defined in the Stockholders Agreement) or any bona fide primary or secondary public offering following the occurrence of an Initial Public Offering; or (c) a sale, lease or other disposition of all or
substantially all of the assets of Capital Corp. or such other Parent Company, in each case on a consolidated basis with its subsidiaries (including the stock of SunGard), excluding, in any case referred to in clause (c), any sale, lease or other
disposition to an entity of which the stockholders of Capital Corp. immediately prior to the sale, lease or other disposition own, directly or indirectly, through one or more entities, capital stock either representing directly, or indirectly
through one or more entities, 50% or more of the economic interests or voting power. For the avoidance of doubt, a spin-off of one of 

  

 -10- 

 
the Businesses, Sale of a Business or a comparable transaction shall not, in any case, constitute a Change of Control. 
  
 (f) “Continuation Period” means the period
beginning on the Date of Termination and ending on the anniversary of the Date of Termination that equals the Applicable Multiplier. 
  
 (g) “Date of Termination” means the date that the termination of Executive’s employment with SunGard is effective on
account of Executive’s death, Executive’s Disability, termination by SunGard for Cause or without Cause, or by Executive for Good Reason or without Good Reason, as the case may be. The Employment Period shall end on the Date of
Termination. “Year of Termination” means the fiscal year for the applicable performance period during which Executive’s Date of Termination occurs. 
  
 (h) “Disability” means (i) Executive has suffered a physical or mental illness or
injury that has impaired Executive’s ability to substantially perform Executive’s full-time duties with SunGard with or without reasonable accommodation for a period of 180 consecutive days and that qualifies Executive for benefits under
SunGard’s group long-term disability plan, and (ii) Executive has not substantially returned to full time employment before the Date of Termination specified in the notice of termination. 
  
 (i) “Good Reason” means (X) the
occurrence, without Executive’s express written consent (which may be withheld for any reason or no reason), of any of the events or conditions described in the following subsections (i) through (viii), provided that upon Executive’s
becoming aware or at such time as Executive should have been aware of the occurrence of any such event or condition or series of related events or conditions, Executive shall have given notice of Good Reason to SunGard and SunGard shall not have
fully corrected the situation within ten (10) days after such notice of Good Reason. 
  
 (i) A reduction by SunGard in Executive’s Base Salary (other than a reduction that is part of a general salary reduction program
affecting executives of SunGard, approved by the Chief Executive Officer and the Board consistent with Section 1.4 hereof); or 
  
 (ii) A reduction or negative change by SunGard in the type or level of compensation and benefits (other than Base Salary) to which
Executive is entitled under this Agreement, other than any such reduction or change that is part of and consistent with a general reduction or change applicable to all officers of SunGard unrelated to a Change of Control; or 
  
 (iii) A failure by SunGard to pay or provide to Executive
any compensation or benefits to which Executive is entitled; or 
  
 (iv) A change in Executive’s status, positions, titles, offices or responsibilities that constitutes a material and adverse change from Executive’s status, positions, titles, offices or responsibilities as
in effect immediately before such change; or the assignment to Executive of any duties or responsibilities that are substantially inconsistent with Executive’s status, positions, titles, offices or responsibilities as in effect immediately
before such assignment; or any removal of Executive from or failure to reappoint or reelect Executive to any of such positions, titles or offices; provided that termination of Executive’s employment by 

  

 -11- 

 
SunGard for Cause, by Executive other than for Good Reason (as defined in any of the other subsections of this subsection (i)) or as a result of
Executive’s death or Disability shall not be deemed to constitute or result in Good Reason under this subsection (iv); or 
  
 (v) (A) If Executive was based at SunGard’s principal executive offices in Wayne, Pennsylvania, as of the day immediately prior to
Closing, SunGard’s changing the location of SunGard’s principal executive offices to a location more than thirty (30) miles from the location of such offices, or SunGard’s requiring Executive to be based at a location other than
SunGard’s principal executive offices; (B) if Executive was based at a SunGard location in Manhattan as of the day immediately prior to the Closing, SunGard’s requiring Executive to be based at a location outside Manhattan; or
(C) if Executive was not based at SunGard’s principal executive offices or at a SunGard location in Manhattan on the day immediately prior to the Closing, SunGard’s requiring Executive to be based at any location which results in
Executive’s regular commuting distance being thirty (30) or more miles greater than Executive’s regular commuting distance as of the day immediately prior to the Closing; provided that in all such cases SunGard may require Executive
to travel on SunGard business including being temporarily based at other SunGard locations as long as such travel is reasonable and is not materially greater or different than Executive’s travel requirements before the Closing; or 

 
 (vi) Any material breach by SunGard of this Agreement or
any other agreement between SunGard and Executive; or 
  
 (vii) The failure by SunGard to obtain, before completion of either (A) a Change of Control, or (B) the Sale of a Business (as defined in Section 3.2(c)) if Executive is not employed by the Retained Business (as defined in
Section 3.2(b)) after the Sale of a Business, an agreement in writing from any successors and assigns, to assume and agree to perform this Agreement; or 
  

(viii) The provision of notice by SunGard pursuant to Section 1.1 of nonrenewal of this Agreement. 
  
 (j) “Release” means a release substantially
in the form of Exhibit C attached to this Agreement, which may be subsequently modified only based on recommendations of SunGard’s counsel to reflect changes in applicable law after the date of this Agreement. 
  
 (k) “Target Incentive Bonus” means
Executive’s annual Incentive Bonus amount(s) payable at the Goal(s) in accordance with the Executive’s EIC plan for the Year of Termination, or such higher amount(s) in effect immediately before any reduction thereof that constituted Good
Reason. 
  
 3. Sale of a Business. 
  
 3.1. Employment With Sold Business. Upon the Sale of a Business, if
Executive is employed by the Sold Business (as defined in Section 3.2(d)) immediately before completion of the sale, then at the time of the Sale of a Business, Executive may request that the Retained Business hire Executive on terms and
conditions substantially similar to those set forth in this Agreement, and the Retained Business shall use its commercially reasonable efforts to hire Executive, if practicable. 
  

 -12- 

 3.2. Definitions. 
  
 (a) “Business” means SunGard’s businesses after the Closing, which consists of four
separate businesses: (i) the availability services business segment (the “Availability Services Business”), (ii) the investment support systems business segment (the “Financial Systems Business”),
(iii) the higher education systems business segment (the “Higher Education Systems Business”), and (iv) the public sector systems business segment (the “Public Sector Business”). For purposes of this
Agreement, any future business acquired by SunGard after Closing that is not included in the Availability Services Business will automatically be considered part of the Financial Systems Business, Higher Education Systems Business or Public Sector
Business, as determined by the Board in its sole discretion. 
  
 (b) “Retained Business” means the Business that is not being sold in the Sale of a Business. 
  
 (c) “Sale of a Business” means the sale, exchange or other disposition or transfer of all or substantially all of the
business or assets of one of the four Businesses to a purchaser that is unrelated to SunGard or any of the Investors; provided that a Sale of a Business shall not also constitute a Change of Control. 
  
 (d) “Sold Business” means the Business that
is being sold in the Sale of a Business. 
  
 4. Tax Gross-Up Payments.

  
 4.1. Amount. Anything in this Agreement to the contrary
notwithstanding, in the event that it shall be determined that any payment (including any of the Tax Gross-Up Payments as defined below in this Section 4.1) or benefit (including any accelerated vesting of options or other equity awards) made
or provided, or to be made or provided, by SunGard (or any successor thereto or affiliate thereof) to or for the benefit of Executive, whether pursuant to the terms of this Agreement, any other agreement, plan, program or arrangement of or with
SunGard (or any successor thereto or affiliate thereof) or otherwise (a “Total Payment”), will be subject to the excise tax imposed by section 4999 of the Code or any comparable tax imposed by any replacement or successor provision
of United States tax law (the “Excise Tax”), in spite of all customary reasonable efforts by SunGard and Executive to avoid incurring such tax, including by procuring a shareholder vote in satisfaction of the shareholder approval
requirements described in Treas. Reg. Section 1.280G-1, Q&A-7, to the extent applicable, then SunGard shall pay to Executive one or more additional cash payments (the “Tax Gross-Up Payments”) in such amounts so that the net
cash amount retained by Executive, after deduction or payment of (a) the Excise Tax imposed on the Total Payments (including the Excise Tax imposed on the Tax Gross-Up Payments) and (b) all federal, state and local income and employment
taxes imposed upon the Tax Gross-Up Payments, shall equal the excess of the Total Payments over the Tax Gross-Up Payments (it being understood that this is a circular definition that requires a reiterative calculation); provided, that to the extent
any Tax Gross-Up Payment would be considered deferred compensation for purposes of section 409A of the Code, the manner and time of 

  

 -13- 

 
payment, and the provisions of this Section 4, shall, if possible, be adjusted to the mutual satisfaction of SunGard and Executive to the extent
necessary (but only to the extent necessary) to comply with the requirements of section 409A of the Code with respect to such payment so that the payment does not give rise to the interest or additional tax amounts described at section 409A(a)(1)(B)
or section 409A(b)(4) of the Code (the “Section 409A penalties”); and further provided, that if, notwithstanding the immediately preceding proviso, the Tax Gross-Up Payment cannot be made to conform to the requirements of
Section 409A of the Code without economic consequences that are greater than the lesser of 5% of the Tax Gross-Up Payment with respect to Executive or $75,000, the amount of the Tax Gross-Up Payment shall be determined by taking into account
any amount necessary to pay the Section 409A penalties. For purposes of this Agreement, the term Total Payment shall also include any payments or benefits made or provided, or to be made or provided, to Executive that become subject to the
Excise Tax as a result of the Merger of Merger Co with and into SunGard, irrespective of whether such payments or benefits are made or provided before or after the Closing, but in all events subject to the proviso in the preceding sentence.

  
 4.2. Method of Determination. One or more
determinations (each a “Tax Determination”) as to (a) whether any of the Total Payments will be subject to the Excise Tax, (b) the amount of the Excise Tax imposed thereon, and (c) the calculation of the related Tax
Gross-Up Payment shall be made by SunGard in consultation with such accounting and tax professionals as SunGard considers necessary (with all costs related thereto paid by SunGard). For purposes of determining whether any of the Total Payments will
be subject to the Excise Tax, (i) all of the Total Payments shall be treated as “parachute payments” (within the meaning of section 280G of the Code) unless and to the extent that in the written advice of an independent accountant
selected (and paid for) by SunGard and reasonably acceptable to Executive (the “Accountant”), certain Payments should not constitute parachute payments, and (ii) all “excess parachute payments” (within the meaning of
section 280G of the Code) shall be treated as subject to the Excise Tax unless and only to the extent that the Accountant advises SunGard that such excess parachute payments are not subject to the Excise Tax. For purposes of determining the amount
of any Tax Gross-Up Payment, Executive shall be deemed to pay (x) federal income tax at the highest marginal rate in effect for the calendar year during which such Tax Gross-Up Payment is to be made, (y) FICA taxes at the highest rate
applicable to wages in excess of the Social Security taxable wage base in effect for such calendar year, and (z) state and local income taxes at the highest marginal rates in effect for such calendar year in the state and local municipality of
Executive’s principal residence as of the Date of Termination or the date that any portion of the Total Payment becomes subject to the Excise Tax, net of the reduction in federal income tax attributable to the deduction of such state and local
income taxes, and taking into account any limitation on deductions or credits or comparable negative impact for purposes of federal income tax as a result of the Total Payments made to Executive during such calendar year. 
  
 4.3. Finalization and Payment. An initial Tax Gross-Up Payment shall
be made to Executive within ten (10) days after the Date of Termination or such other prior or subsequent date that any portion of any Total Payment becomes subject to the Excise Tax (such tenth day is referred to as a “Payment
Date”); provided that if the amount thereof cannot be fully determined by the Payment Date, SunGard shall pay to Executive by the Payment Date an estimate of such payment, determined by SunGard reasonably and in good faith, and SunGard
shall pay to 

  

 -14- 

 
Executive the remainder of such payment (if any) as soon as the amount thereof can be determined but in no event later than twenty (20) days after the
Payment Date. Whenever any Tax Gross-Up Payment (or estimate thereof) is made to Executive, SunGard shall provide to Executive SunGard’s Tax Determination related to such payment, together with detailed supporting calculations and explanations
and, if applicable, written advice of an Accountant. Executive shall have the right to dispute any Tax Determination (a “Tax Dispute”) by so notifying SunGard within fifteen (15) days after receiving such Tax Determination and
the required supporting documentation. Each Tax Determination shall become final and binding upon the parties (a) if there is no Tax Dispute, at the end of such fifteen (15) day period, without change, or (b) if there is a Tax
Dispute, upon final resolution of such Tax Dispute, with such changes as may result from such Tax Dispute. Other than the initial or an estimated Tax Gross-Up Payment as provided for above, any Tax Gross-Up Payment due from SunGard to Executive
shall be paid within ten (10) business days after the related Tax Determination becomes final and binding, provided that, in the event of a Tax Dispute, any undisputed portion of the Tax Gross-Up Payment shall be paid within ten
(10) business days after Executive notifies SunGard of the Tax Dispute. 
  
 4.4. Underpayments and Overpayments. The parties acknowledge that, as a result of potential uncertainties in the application of the provisions of the Code dealing with the Excise Tax, it is possible that Tax
Gross-Up Payments should have been made by SunGard but were not (an “Underpayment”) or that Tax Gross-Up Payments made by SunGard should not have been made (an “Overpayment”). In either such event, SunGard shall
make a Tax Determination of the amount of the Underpayment or Overpayment that has occurred, and Executive shall have the right to initiate a Tax Dispute related thereto. In the case of an Underpayment, the amount of such Underpayment shall be
promptly paid by SunGard to or for the benefit of Executive. In the case of an Overpayment, Executive shall, at the direction and expense of SunGard, take such steps as are reasonably necessary (including promptly refunding the amount of such
overpayment and filing amended returns and claims for refunds), follow SunGard’s reasonable instructions and otherwise reasonably cooperate with SunGard to correct such Overpayment. 
  
 5. Restrictive Covenants. 
  
 5.1. Non-disclosure. At all times after the Closing and continuing at all times after Executive’s Date of Termination, and except as required
by applicable law or in a judicial or administrative proceeding, Executive shall not disclose to anyone outside Capital Corp., or use for the benefit of anyone other than Capital Corp., any confidential or proprietary information relating to Capital
Corp.’s business, whether acquired by Executive before, during or after employment with SunGard. Executive acknowledges that Capital Corp.’s proprietary and confidential information includes, by way of example: (a) the identity of
customers and prospects, their specific requirements, and the names, addresses and telephone numbers of individual contacts; (b) prices, renewal dates and other detailed terms of customer and supplier contracts and proposals; (c) pricing
policies, information about costs, profits and sales, methods of delivering software and services, marketing and sales strategies, and software and service development strategies; (d) source code, object code, specifications, user manuals,
technical manuals and other documentation for software products; (e) screen designs, report designs and other designs, concepts and visual expressions for software products; (f) employment and payroll records; (g) forecasts, budgets,
acquisition models and other non public financial information; and (h) expansion plans, business or development plans, management policies, information about 

  

 -15- 

 
possible acquisitions or divestitures, potential new products, markets or market extensions, and other business and acquisition strategies and policies. The
provisions of this Section 5.1 shall survive any termination or expiration of this Agreement. 
  
 5.2. Works and Ideas. Executive shall promptly communicate to Capital Corp., in writing, all marketing strategies, product ideas, software designs
and concepts, software enhancement and improvement ideas, and other ideas and inventions (collectively, “Works and Ideas”) pertaining to Capital Corp.’s business in any material respect, whether or not patentable or
copyrightable, that are made, written, developed or conceived by Executive, alone or with others, at any time (during or after business hours) while Executive is employed by SunGard or Capital Corp. (including at any time prior to the date of this
Agreement) or during the three (3) months after Executive’s Date of Termination. Executive acknowledges that all of those Works and Ideas will be Capital Corp.’s exclusive property, and hereby assigns and agrees to assign all of
Executive’s right, title and interest in those Works and Ideas to Capital Corp. Executive shall sign all documents that Capital Corp. reasonably requests to confirm its ownership of those Works and Ideas, and shall reasonably cooperate with
Capital Corp., at Capital Corp.’s expense, to allow Capital Corp. to take full advantage of those Works and Ideas. 
  
 5.3. Non-competition and Non-solicitation. During the Employment Period, the Continuation Period, and the Consulting Period, if applicable, whether
or not payments are being made, provided that SunGard has not defaulted in any material respect upon any of its obligations under this Agreement or otherwise to Executive, Executive shall not, directly or indirectly, (a) render any material
services for any organization, or engage in any business, that competes in any material respect with Capital Corp.’s business, or (b) solicit or contact, for the purpose or with the effect of competing or interfering with Capital
Corp.’s business in any material respect (i) any customer or acquisition target under contract with Capital Corp. at any time during the last two (2) years of Executive’s employment with SunGard, (ii) any prospective
customer or acquisition target that received or requested a proposal, offer or letter of intent from Capital Corp. at any time during the last two (2) years of Executive’s employment with Capital Corp., (iii) any affiliate of any such
customer or prospect, (iv) any of the individual contacts at customers or acquisition targets established by Capital Corp., Executive or others at Capital Corp. during the period of Executive’s employment with SunGard, or (v) any
individual who is an employee or independent contractor of Capital Corp. at the time of the solicitation or contact or who was an employee or independent contractor of Capital Corp. within three (3) months before such time. 
  
 5.4. Injunctive Relief. Executive acknowledges that Executive’s
failure to perform any of the covenants in this Section 5 would cause irreparable injury to Capital Corp. and SunGard and cause damages to Capital Corp. and SunGard that would be difficult or impossible to ascertain or quantify. Accordingly,
without limiting any other remedies that may be available with respect to any breach of this Section 5, Executive consents to the entry of an injunction to restrain any breach of this Section 5, without the posting of a bond. 

 
 5.5. Scope. For purposes of this Section 5, as applicable, the
term “Capital Corp.” shall include (a) Capital Corp. and all of its subsidiaries (including, but not limited to, SunGard) and (b) SunGard and all of its subsidiaries for periods before the Closing. Notwithstanding
Section 11(b) of this Agreement, upon a Change of Control, or upon the Sale of a Business if Executive is not employed by the Retained Business, the restrictive covenants of this Section 5 

  

 -16- 

 
are intended to apply and shall apply only to the business of Capital Corp. or its subsidiaries or the Sold Business as conducted immediately preceding the
sale and not to any greater scope of business or other businesses that may be conducted by the acquirer of or successor to Capital Corp. or the Sold Business that assumes this Agreement as a result of the sale. 
  
 6. Non-Exclusivity of Rights. Nothing in this Agreement shall prevent or limit
Executive’s continuing or future participation in or rights under any benefit, bonus, incentive or other plan or program provided by SunGard, as applicable, and for which Executive may qualify; provided, however, that if Executive becomes
entitled to and receives the payments provided for in Section 2.1(b) of this Agreement, Executive hereby waives Executive’s right to receive payments under any severance plan or policy applicable to all employees of SunGard, as applicable.

  
 7. Survivorship. The respective rights and obligations of the parties
under this Agreement shall survive any termination of Executive’s employment to the extent necessary to preserve the intention of such rights and obligations. 
  
 8. Dispute Resolution. In the event of any dispute relating to Executive’s employment, the termination thereof, or this
Agreement, other than a dispute in which the primary relief sought is an equitable remedy such as an injunction, the parties shall be required to have the dispute, controversy or claim settled by alternative dispute resolution conducted by JAMS (or,
if JAMS is not available, another mutually agreeable alternative dispute resolution organization), in the city of Executive’s principal place of employment. Any award entered by JAMS (or such other organization) shall be final, binding and
nonappealable, and judgment may be entered thereon by either party in accordance with applicable law in any court of competent jurisdiction. This Section 8 shall be specifically enforceable. JAMS (or such other organization) shall have no
authority to modify any provision of this Agreement. THE PARTIES IRREVOCABLY WAIVE ANY RIGHT TO TRIAL BY JURY AS TO ALL CLAIMS HEREUNDER. 
  
 9. Notices. All notices and other communications required or permitted under this Agreement or necessary or convenient in connection herewith shall be in writing
and shall be deemed to have been given when hand delivered or mailed by registered or certified mail, as follows (provided that notice of change of address shall be deemed given only when received): 
  
 If to SunGard, to: 
  
 SunGard Data Systems Inc. 
 680 East Swedesford Road 
 Wayne, PA 19087

 Attention: Victoria E. Silbey, Esquire 
  
 With a required copy to: 
  
 Ropes & Gray LLP 
 One International
Place 
 Boston, MA 02110 
 Attention: Alfred O. Rose, Esquire 
  

 -17- 

 If to Executive, to: 
  
 With a required copy to: 
  
 Morgan, Lewis & Bockius LLP 
 1701
Market Street 
 Philadelphia, PA 19103-2921 
 Attention: Robert J. Lichtenstein, Esquire 
  
 or
to such other names or addresses as SunGard or Executive, as the case may be, shall designate by notice to each other person entitled to receive notices in the manner specified in this Section. 
  
 10. Contents of Agreement; Amendment and Assignment. 
  
 (a) This Agreement sets forth the entire understanding between the parties
hereto with respect to the subject matter hereof and cannot be changed, modified, extended or terminated except upon written amendment approved by the Board and executed on its behalf by a duly authorized officer (other than Executive) and by
Executive. This Agreement supersedes the provisions of any employment or other agreement between Executive and SunGard that relate to any matter that is also the subject of this Agreement, including, but not limited to, the Change in Control
Agreement and the Transition Agreement, and such other agreements are terminated immediately prior to Closing and will be null and void as of the Closing; provided, however, that this provision shall not apply to any agreement outstanding on the
date this Agreement becomes effective related to (1) Executive’s options to purchase or other rights to equity of Capital Corp., a subsidiary of Capital Corp., or SunGard or (2) Executive’s rights to indemnification as an officer
and/or director of SunGard. 
  
 (b) All of the terms and
provisions of this Agreement, including, but not limited to the restrictive covenants of Section 5 of this Agreement, shall be binding upon and inure to the benefit of and be enforceable by the respective heirs, executors, administrators, legal
representatives, successors and assigns of the parties hereto, except that the duties and responsibilities of Executive under this Agreement are of a personal nature and shall not be assignable or delegatable in whole or in part by Executive.
SunGard shall require any successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or otherwise) to all or substantially all of the business or assets of SunGard, or the successor of a Business if a Sale of a
Business occurs and Executive is not employed by the Retained Business, within fifteen (15) days of such succession, expressly to assume and agree to perform this Agreement in the same manner and to the same extent as SunGard would be required
to perform if no such succession had taken place. 
  
 11. Severability. If
any provision of this Agreement or application thereof to anyone or under any circumstances is adjudicated to be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability shall not affect any other provision or application of
this Agreement which can be given effect without the invalid or unenforceable provision or application and shall not invalidate or render unenforceable such provision or application in any 

  

 -18- 

 
other jurisdiction. If any provision is held void, invalid or unenforceable with respect to particular circumstances, it shall nevertheless remain in full
force and effect in all other circumstances. 
  
 12. Remedies Cumulative; No
Waiver. No remedy conferred upon a party by this Agreement is intended to be exclusive of any other remedy, and each and every such remedy shall be cumulative and shall be in addition to any other remedy given under this Agreement or now or
hereafter existing at law or in equity. No delay or omission by a party in exercising any right, remedy or power under this Agreement or existing at law or in equity shall be construed as a waiver thereof, and any such right, remedy or power may be
exercised by such party from time to time and as often as may be deemed expedient or necessary by such party in its sole discretion. 
  
 13. Beneficiaries/References. Executive shall be entitled, to the extent permitted under any applicable law, to select and change a beneficiary or beneficiaries to
receive any compensation or benefit payable under this Agreement following Executive’s death by giving SunGard written notice thereof. In the event of Executive’s death or a judicial determination of Executive’s incompetence,
reference in this Agreement to Executive shall be deemed, where appropriate, to refer to Executive’s beneficiary, estate or other legal representative. 
  
 14. Miscellaneous. All Section headings used in this Agreement are for convenience only. This Agreement may be executed in counterparts, each of which is an
original. It shall not be necessary in making proof of this Agreement or any counterpart hereof to produce or account for any of the other counterparts. 
  
 15. Withholding. All payments under this Agreement shall be made subject to applicable tax withholding, and SunGard shall withhold from any payments under this
Agreement all federal, state and local taxes as SunGard is required to withhold pursuant to any law or governmental rule or regulation. Executive will deliver to SunGard amounts required to be withheld from non-cash compensation. Except as
specifically provided otherwise in this Agreement, Executive shall bear all expense of, and be solely responsible for, all federal, state and local taxes due with respect to any payment received under this Agreement. 
  
 16. No Withholding of Undisputed Payments. During the pendency of any dispute or
controversy, SunGard shall not withhold any payments or benefits due to Executive, whether under this Agreement or otherwise, except for the specific portion of any payment or benefit that is the subject of a bona fide dispute between the parties.

  
 17. Legal Fees and Expenses. All costs and expenses (including court
and arbitration costs and reasonable legal fees and expenses that reflect common practice with respect to the matters involved) (“Legal Costs”) incurred by Executive as a result of any claim, action or proceeding arising out of this
Agreement or the contesting, disputing or enforcing of any provision, right or obligation under this Agreement (a “Claim”) shall be paid, or reimbursed to Executive on an after-tax basis as to (a) 100% of such Legal Costs if
Executive either recovers damages (in cash or in-kind, such as benefits) or is the prevailing party on a material non-monetary claim (such as a dispute regarding a restrictive covenant), and (b) 50% of such Legal Costs if Executive does not
recover any damages and is not the prevailing party on any material non-monetary claim; provided, that the dispute was a bona fide dispute by Executive and that Executive did not act in bad faith. 
  

 -19- 

 18. Indemnification. 
  
 (a) SunGard shall indemnify Executive, to the fullest extent permitted by applicable law, against all costs, charges and expenses incurred or sustained by
Executive, including the cost of legal counsel, in connection with any action, suit or proceeding to which Executive may be made a party by reason of Executive being or having been an officer, director, or employee of SunGard or any of their
respective subsidiaries or affiliates. 
  
 (b) Executive shall be
covered during the entire term of this Agreement and thereafter for at least six (6) years by officer and director liability insurance in amounts and on terms similar to that afforded to other executives and/or directors of SunGard, or its
affiliates, which such insurance shall be paid by SunGard. 
  
 (c)
Executive’s indemnification agreement with SunGard, as in effect before the Closing, shall continue in full force and effect for matters related to SunGard prior to the Closing, and shall be guaranteed by SunGard. SunGard shall provide
Executive with a new indemnification agreement for matters arising after the Closing that is substantially comparable to that in effect prior to the Closing. 
  
 19. Governing Law and Procedures. This Agreement shall be governed by and interpreted under the laws of the Commonwealth of Pennsylvania without giving effect to
any conflict of laws provisions. SunGard and Executive each irrevocably and unconditionally (i) agrees that any action commenced by SunGard for preliminary and permanent injunctive relief and other equitable relief, may be brought in the United
States District Court for the Federal district in which Executive’s principal place of employment is located, or if such court does not have jurisdiction or will not accept jurisdiction, in any court of general jurisdiction in the state and
county in which Executive’s principal place of employment is located, (ii) consents to the non-exclusive jurisdiction of any such court in any such suit, action or proceeding, and (iii) waives any objection which SunGard or Executive
may have to the laying of venue of any such suit, action or proceeding in any such court. SunGard and Executive each also irrevocably and unconditionally consents to the service of any process, pleadings, notices or other papers in a manner
permitted by the notice provisions of Section 9. 
  
 20. Law/Accounting
Changes. 
  
 (a) If after the Closing, a change in the law or
accounting rules results in a materially adverse effect on Executive’s rights and benefits under this Agreement, the Board (or its designated committee) shall review this Agreement in light of such changes in the law or accounting rules to
determine whether SunGard and Executive should negotiate a new employment agreement or amend this Agreement to take into account any such changes in the law or accounting rules. Executive may also request that the Board review this Agreement in
light of any such changes in the law or accounting rules. Notwithstanding the above, nothing herein obligates SunGard to negotiate or amend this Agreement. 
  

 -20- 

 (b) If it is determined that that Executive’s Continuation Options have been structured in a manner
that would result in adverse tax treatment under Section 409A of the Code, the parties agree to cooperate in taking all reasonable measures to restructure the arrangement to minimize or avoid such adverse tax treatment; provided,
however, that, if any payment due to Executive is delayed as a result of Section 409A of the Code, Executive shall be entitled to be paid interest on such amount at an annual rate equal to the prime rate, as published in The Wall
Street Journal, in effect as of the originally scheduled date of payment. If after considering all reasonable measures the parties determine that this Agreement or a related arrangement cannot be amended or restructured to minimize or avoid
adverse tax treatment under Section 409A of the Code, the Executive will be entitled to payment of an additional amount to make the Executive whole, on a net after-tax basis, for any resulting excise taxes and interest charges imposed under
Section 409A. Such additional amount will be paid to the Executive not later than the due date of the Executive’s tax return for the year in which the relevant tax or penalty is imposed. For the purpose of this Section 20(b),
“Continuation Options” shall mean any options for stock of Capital Corp. and Capital Corp. II that have automatically converted in the Merger from options for common stock of SunGard. 
  
 21. Put Right with respect to Purchased Shares upon Termination. 
  
 (a) Upon termination of Executive’s employment for any reason, the
provisions of this Section 21 shall apply with respect to any Purchased Shares (as defined below) held by Executive and Section 6 of the Stockholders Agreement shall not apply with respect to such Purchased Shares. “Purchased
Shares” shall mean all Shares held by Executive that were purchased by Executive on or before the date this Agreement becomes effective. Capitalized terms used in this Section 21 and not otherwise defined in this Agreement shall have
the meanings assigned to them in Executive’s Initial Option Awards. 
  
 (b) If Executive’s employment terminates as a result of Executive’s Disability or death, Executive (or the Executive’s Beneficiary) shall have a Put Option with respect to any Purchased Shares held by
Executive at any time on or after Executive’s Date of Termination, provided that such Put Option shall terminate upon an IPO. 
  
 [SIGNATURE PAGE FOLLOWS] 
  

 -21- 

 IN WITNESS WHEREOF, the undersigned, intending to be legally bound, have executed this Agreement as of
the date first above written. 
  

					
	SUNGARD DATA SYSTEMS INC.
		
	By:	 	*
	 Name:
	 	Michael J. Ruane
	 Title:
	 	Senior Vice President – Finance,
Chief Financial Officer
	
	 
	Executive

  
 For good and valuable
consideration, including Executive’s agreement to serve as [Title] of SunGard Data Systems Inc., the obligations of SunGard Data Systems Inc. under this Employment Agreement, dated August     , 2005, with
[Executive] shall be, jointly and severally, guaranteed by SunGard Capital Corp. and SunGard Capital Corp. II. In addition, SunGard Capital Corp. and SunGard Capital Corp. II agree to be bound by the terms of Section 1.8 of the
Employment Agreement which are expressly applicable to SunGard Capital Corp. and SunGard Capital Corp. II. 
  

					
	SUNGARD CAPITAL CORP.
		
	By:	 	*
	 Name:
	 	Michael J. Ruane
	 Title:
	 	Executive Vice President,
Chief Financial Officer and Assistant Secretary
	
	 Dated: August     , 2005

	
	SUNGARD CAPITAL CORP. II
		
	By:	 	*
	 Name:
	 	Michael J. Ruane
	 Title:
	 	Executive Vice President,
Chief Financial Officer and Assistant Secretary
	
	 Dated: August     , 2005

  

	*	The signature appearing immediately below shall serve as a signature at each place indicated with an “*” on this page: 

  

			
	
	 
	 Name:
	 	Michael J. Ruane

  
 [Employment
Agreement Signature Page]

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