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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

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<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>As filed with the Securities and Exchange Commission on
    April&#160;26, 2010<!-- /XBRL,dc --></B>
</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Registration No. 333-158657</B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

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<DIV style="margin-top: 1pt; font-size: 1pt">&nbsp;</DIV>

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    <B><FONT style="font-size: 14pt">SECURITIES AND EXCHANGE
    COMMISSION</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 12pt">Washington,&#160;D.C.
    20549</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

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<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 18pt">Form S-1</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 12pt">REGISTRATION STATEMENT<BR>
    UNDER<BR>
    THE SECURITIES ACT OF 1933</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

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<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 24pt">SunGard Data Systems
    Inc.</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I><FONT style="font-size: 8pt">(Exact name of registrant issuer
    as specified in its charter)</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SEE TABLE OF ADDITIONAL REGISTRANTS</B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

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    <TD width="32%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
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<TD nowrap align="center" valign="top">
    <B>Delaware</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    <B>7374</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    <B>51-0267091</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="center" valign="top">
    <I><FONT style="font-size: 8pt">(State or other jurisdiction<BR>
    of incorporation)</FONT></I>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <I><FONT style="font-size: 8pt">(Primary Standard Industrial<BR>
    Classification Code Number)</FONT></I>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <I><FONT style="font-size: 8pt">(I.R.S. Employer<BR>
    Identification Number)</FONT></I><FONT style="font-size: 8pt">
    </FONT>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

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<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>680 East Swedesford Road Wayne, Pennsylvania 19087<BR>
    (484)-582-2000<BR>
    </B><I><FONT style="font-size: 8pt">(Address, including zip
    code, and telephone number, including area code, of
    registrants&#146; principal executive offices)</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Victoria E. Silbey,&#160;Esq.<BR>
    General Counsel<BR>
    680 East Swedesford Road Wayne, Pennsylvania 19087<BR>
    (484)-582-2000</B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I><FONT style="font-size: 8pt">(Name, address, including zip
    code, and telephone number, including area code, of agent for
    service)</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><I>With a copy to:</I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Richard A. Fenyes,&#160;Esq.<BR>
    Simpson Thacher &#038; Bartlett LLP<BR>
    425 Lexington Avenue<BR>
    New York, New York 10017-3954<BR>
    Tel: (212)&#160;455-2000</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 15%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Approximate date of commencement of proposed
    offer</B>:&#160;&#160;As soon as practicable after this
    Registration Statement is declared effective.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If any of the securities being registered on this Form are being
    offered on a delayed or continuous basis pursuant to
    Rule&#160;415 under the Securities Act of 1933, check the
    following
    box.&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#254;
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If this Form is filed to register additional securities for an
    offering pursuant to Rule&#160;462(b) under the Securities Act,
    please check the following box and list the Securities Act
    registration statement number of the earlier effective
    registration statement for the same
    offering.&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If this Form is a post-effective amendment filed pursuant to
    Rule&#160;462(c) under the Securities Act, check the following
    box and list the Securities Act registration statement number of
    the earlier effective registration statement for the same
    offering.&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If this Form is a post-effective amendment filed pursuant to
    Rule&#160;462(d) under the Securities Act, check the following
    box and list the Securities Act registration statement number of
    the earlier effective registration statement for the same
    offering.&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Indicate by check mark whether the registrant is a large
    accelerated filer, an accelerated filer, a non-accelerated
    filer, or a smaller reporting company. See the definitions of
    &#147;large accelerated filer,&#148; &#147;accelerated
    filer&#148; and &#147;smaller reporting company&#148; in
    Rule&#160;12b-2 of the Exchange Act.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
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    <TD width="24%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="18%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="30%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="23%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
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<DIV style="text-indent: -10pt; margin-left: 10pt">
    Large accelerated
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>.
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    &#160;&#160;&#160;&#160;&#160;Accelerated
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>.
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    <FONT style="white-space: nowrap">Non-accelerated</FONT>
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#254;
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Smaller reporting
    company&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="5" align="center" valign="top">
    <FONT style="font-size: 8pt">(Do not check if a smaller
    reporting company).&#160;&#160;&#160;&#160;&#160;
    </FONT>
</TD>
</TR>
</TABLE>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>CALCULATION OF REGISTRATION FEE</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="61%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutterright -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=02 type=align1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutterright -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=03 type=align1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutterright -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=04 type=align1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-top: 3px double #000000">
    <B>Proposed Maximum<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
    <B>Title of Each Class of<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Amount to be<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Aggregate <BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Amount of<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
    <B>Securities to be Registered</B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Registered</B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Offering Price</B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Registration Fee</B>
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    9<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">8</FONT>%&#160;Senior
    Notes due 2013
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    10<FONT style="vertical-align: text-top; font-size: 70%;">5</FONT>/<FONT style="font-size: 70%;">8</FONT>%&#160;Senior
    Notes due 2015
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    10<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">4</FONT>%&#160;Senior
    Subordinated Notes due 2015
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Guarantees of
    9<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">8</FONT>%&#160;Senior
    Notes due 2013(2)
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
    )(3)
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
    )(3)
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
    )(3)
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Guarantees of
    10<FONT style="vertical-align: text-top; font-size: 70%;">5</FONT>/<FONT style="font-size: 70%;">8</FONT>%&#160;Senior
    Notes due 2015
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
    )(3)
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
    )(3)
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
    )(3)
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Guarantees of
    10<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">4</FONT>%&#160;Senior
    Subordinated Notes due 2015(2)
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
    )(3)
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
    )(3)
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
    )(3)
</TD>
</TR>
<TR style="font-size: 1pt">
<TD nowrap align="left" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    An indeterminate amount of securities are being registered
    hereby to be offered solely for market-making purposes by an
    affiliate of the registrant. Pursuant to Rule&#160;457(q) under
    the Securities Act of 1933, as amended, no filing fee is
    required.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    See inside facing page for additional registrant guarantors.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Pursuant to Rule&#160;457(n) under the Securities Act, no
    separate filing fee is required for the guarantees.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>The Registrants hereby amend this Registration Statement on
    such date or dates as may be necessary to delay its effective
    date until the Registrants shall file a further amendment which
    specifically states that this Registration Statement shall
    thereafter become effective in accordance with Section&#160;8(a)
    of the Securities Act of 1933, as amended, or until the
    Registration Statement shall become effective on such date as
    the Securities and Exchange Commission, acting pursuant to said
    Section&#160;8(a), may determine.</B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER>

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 2pt solid #000000"></CENTER>
<!-- XBRL Pagebreak Begin -->

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
</DIV><!-- END PAGE WIDTH -->
<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Table of
    Additional Registrant Guarantors</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="37%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="12%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="10%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="33%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Address, Including Zip Code<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>State or Other<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>I.R.S.<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>and Telephone Number,<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
    <B>Exact Name of Registrant<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Jurisdiction of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Employer<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Including Area Code, of<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
    <B>Guarantor as Specified in Its<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Incorporation or<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Identification<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Registrant Guarantor&#146;s<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Charter</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Organization</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Number</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Principal Executive Offices</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Advanced Portfolio Technologies, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    22-3245876
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    340 Madison Avenue<BR>
    8th Floor<BR>
    New York, NY 10173
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Automated Securities Clearance LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    22-3701255
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    545 Washington Blvd.<BR>
    7th&#160;Floor<BR>
    Jersey City, NJ 07310
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Exeter Educational Management Systems, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Massachusetts
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    04-3123926
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    141 Portland St. Cambridge, MA&#160;02139
</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    GL Trade Overseas, Inc.
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    06-1414402
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    340 Madison Avenue<BR>
    8th Floor<BR>
    New York, NY 10173
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Inflow LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    84-1439489
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    680&#160;E.&#160;Swedesford Rd. Wayne, PA&#160;19087
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Online Securities Processing Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    77-0589377
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    680&#160;E.&#160;Swedesford Rd. Wayne, PA&#160;19087
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SIS Europe Holdings LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    41-1511643
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    1105 North Market Street<BR>
    Suite 1412<BR>
    Wilmington, DE 19801
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRS Development Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    23-2746281
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    1105 North Market Street<BR>
    Suite 1412<BR>
    Wilmington, DE 19801
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Ambit LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    04-2766162
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    3 Post Office Square<BR>
    11th&#160;Floor<BR>
    Boston, MA 02109
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Asia Pacific Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    51-0370861
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    601 Walnut St.<BR>
    Suite 1010<BR>
    Philadelphia, PA 19106
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Availability Services LP
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Pennsylvania
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    23-2106195
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    680&#160;E.&#160;Swedesford Rd.<BR>
    Wayne, PA 19087
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Availability Services Ltd.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    23-3024711
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    680&#160;E.&#160;Swedesford Rd.<BR>
    Wayne, PA 19087
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard AvantGard LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    95-3440473
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    23975 Park Sorrento<BR>
    4th&#160;Floor<BR>
    Calabasas, CA 91302
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Business Systems LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    23-2139612
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    5510 77 Center Drive<BR>
    Charlotte, NC 28217
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Computer Services LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    68-0499469
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    600 Laurel Road<BR>
    Voorhees, NJ&#160;08043
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Consulting Services LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    87-0727844
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    10375 Richmond<BR>
    Suite 700<BR>
    Houston, TX 77042
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard CSA LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    20-4280640
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    680&#160;E.&#160;Swedesford Rd.<BR>
    Wayne, PA&#160;19087
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Development Corporation
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    23-2589002
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    1105 North Market Street Suite <BR>
    1412 Wilmington, DE 19801
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard DIS Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    23-2829670
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    1105 North Market Street<BR>
    Suite 1412<BR>
    Wilmington, DE 19801
</TD>
</TR>
</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<!-- XBRL Table Pagebreak -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="37%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="12%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="10%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="33%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Address, Including Zip Code<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>State or Other<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>I.R.S.<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>and Telephone Number,<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
    <B>Exact Name of Registrant<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Jurisdiction of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Employer<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Including Area Code, of<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
    <B>Guarantor as Specified in Its<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Incorporation or<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Identification<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Registrant Guarantor&#146;s<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Charter</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Organization</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Number</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Principal Executive Offices</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Energy Systems Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    13-4081739
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    601 Walnut St.<BR>
    Suite 1010<BR>
    Philadelphia, PA 19106
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard eProcess Intelligence LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    13-3217303
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    70 South Orange Avenue<BR>
    Livingston, NJ 07039
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Financial Systems LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    23-2585361
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    601 2nd Avenue South Hopkins,<BR>
    MN 55343
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sungard Higher Education Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    23-2303679
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    4 Country View Road Malvern, PA&#160;19355
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Higher Education Managed Services Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    23-2414968
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    2300 Maitland Center Pkwy Suite&#160;340<BR>
    Maitland, FL 32751
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Investment Systems LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    23-2115509
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    11 Salt Creek Lane Hinsdale, IL&#160;60521
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Investment Ventures LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    51-0297001
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    1105 North Market Street Suite 1412<BR>
    Wilmington, DE 19801
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard iWORKS LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    23-2814630
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    11560 Great Oaks Way Suite 200<BR>
    Alpharetta, GA 30022
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard iWORKS P&#038;C (US) Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    13-3248040
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    200 Business Park <BR>
    Dr.&#160;Armonk, NY 10504
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Kiodex LLC&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    13-4100480
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    340 Madison Avenue<BR>
    8th Floor<BR>
    New York, NY 10173
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard NetWork Solutions Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    23-2981034
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    680&#160;E.&#160;Swedesford Rd. Wayne, PA&#160;19087
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Public Sector Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    59-2133858
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    1000 Business Center Drive<BR>
    Lake Mary, FL 32746
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Reference Data Solutions LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    72-1571745
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    340 Madison Avenue<BR>
    8th&#160;Floor<BR>
    New York, NY 10173
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard SAS Holdings Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    26-0052190
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    680&#160;E.&#160;Swedesford Rd. Wayne, PA&#160;19087
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Securities Finance LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    13-3799258
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    12B Manor Parkway<BR>
    Salem, NH 03079
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Securities Finance International LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    13-3809371
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    12B Manor Parkway<BR>
    Salem, NH 03079
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Shareholder Systems LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    23-2025519
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    951 Mariners Island Blvd.<BR>
    5<SUP style="font-size: 85%; vertical-align: top">th</SUP>&#160;Floor<BR>

    San&#160;Mateo, CA 94404
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Software, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    51-0287708
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    1105 North Market St.<BR>
    Suite 1412<BR>
    Wilmington, DE 19801
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Systems International Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Pennsylvania
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    23-2490902
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    340 Madison Avenue<BR>
    8th&#160;Floor<BR>
    New York, NY 10173
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Technology Services LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    23-2579118
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    680&#160;E.&#160;Swedesford Rd. Wayne, PA<BR>
    19087
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard VeriCenter, Inc
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    76-0624039
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    680 East Swedesford Rd<BR>
    Wayne, PA 19087
</TD>
</TR>
</TABLE>
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<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<!-- XBRL Table Pagebreak -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="37%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="12%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="10%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="33%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Address, Including Zip Code<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>State or Other<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>I.R.S.<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>and Telephone Number,<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
    <B>Exact Name of Registrant<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Jurisdiction of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Employer<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Including Area Code, of<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
    <B>Guarantor as Specified in Its<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Incorporation or<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Identification<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Registrant Guarantor&#146;s<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Charter</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Organization</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Number</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Principal Executive Offices</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard VPM Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    New York
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    11-3159462
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    1660 Walt Whitman Rd,<BR>
    Suite 130<BR>
    Melville, NY, 11747
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SunGard Workflow Solutions LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    63-1019430
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    104 Inverness Place<BR>
    Birmingham, AL 35242
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<TABLE style="color: #FF0000" width="100%" border="1" cellpadding="5"><TR><TD style=text-align:justify>
<B><FONT style="font-size: 8pt; font-family: Arial, Helvetica; color: #E8112D">The
information in this prospectus is not complete and may be
changed. We may not sell these securities until the registration
statement filed with the Securities and Exchange Commission is
effective. This prospectus is not an offer to sell these
securities and it is not soliciting an offer to buy these
securities in any state where the offer or sale is not
permitted.<BR>
</FONT></B>
</TD></TR></TABLE>

<DIV style="margin-top: 1pt; font-size: 1pt">&nbsp;</DIV>
</DIV><!-- END PAGE WIDTH -->
<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="color: #E8112D">SUBJECT TO COMPLETION, DATED
    April&#160;26, 2010</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>PRELIMINARY PROSPECTUS</B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 24pt">SunGard Data Systems
    Inc.</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 14pt">$1,600,000,000
    9<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">8</FONT>%&#160;Senior
    Notes due 2013 <BR>
    $500,000,000
    10<FONT style="vertical-align: text-top; font-size: 70%;">5</FONT>/<FONT style="font-size: 70%;">8</FONT>%&#160;Senior
    Notes due 2015<BR>
    $1,000,000,000
    10<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">4</FONT>%&#160;Senior
    Subordinated Notes due 2015</FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The
    9<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">8</FONT>%&#160;Senior
    Notes due 2013 (the &#147;senior notes due 2013&#148;) were
    issued in exchange for the
    9<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">8</FONT>%&#160;Senior
    Notes due 2013 originally issued on August&#160;11, 2005. The
    10<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">4</FONT>%&#160;Senior
    Subordinated Notes due 2015 (the &#147;senior subordinated
    notes&#148;) were issued in exchange for the
    10<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">4</FONT>%&#160;Senior
    Subordinated Notes due 2015 originally issued on August&#160;11,
    2005. The
    10<FONT style="vertical-align: text-top; font-size: 70%;">5</FONT>/<FONT style="font-size: 70%;">8</FONT>%&#160;Senior
    Notes due 2015 (the &#147;senior notes due 2015&#148;) were
    issued in exchange for the
    10<FONT style="vertical-align: text-top; font-size: 70%;">5</FONT>/<FONT style="font-size: 70%;">8</FONT>%&#160;Senior
    Notes due 2015 originally issued on September&#160;29, 2008. The
    senior notes due 2013, the senior notes due 2015 (collectively,
    the &#147;senior notes&#148;) and the senior subordinated notes
    are collectively referred to herein as the &#147;notes,&#148;
    unless the context otherwise requires.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The senior notes due 2013 bear interest at a rate of
    9<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">8</FONT>%
    per annum and mature on August&#160;15, 2013. The senior
    subordinated notes bear interest at a rate of
    10<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">4</FONT>%
    per annum and mature on August&#160;15, 2015. Interest on the
    senior notes due 2013 and the senior subordinated notes due 2015
    is payable on February 15 and August 15 of each year, beginning
    on February&#160;15, 2006. The senior notes due 2015 bear
    interest at a rate of
    10<FONT style="vertical-align: text-top; font-size: 70%;">5</FONT>/<FONT style="font-size: 70%;">8</FONT>%
    per annum and mature on May&#160;15, 2015. Interest on the
    senior notes due 2015 is payable on April 1 and October 1 of
    each year, beginning April&#160;1, 2009.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We may redeem some or all of the senior notes due 2013 at any
    time prior to August&#160;15, 2009, some or all of the senior
    subordinated notes at any time prior to August&#160;15, 2010 and
    some or all of the senior notes due 2015 at any time prior to
    April&#160;1, 2012, in each case, at a price equal to 100% of
    the principal amount of the notes redeemed plus accrued and
    unpaid interest to the redemption date and a &#147;make-whole
    premium,&#148; as described in this prospectus. We may redeem
    the senior notes due 2013 at any time on or after
    August&#160;15, 2009, the senior subordinated notes at any time
    on or after August&#160;15, 2010 and the senior notes due 2015
    at any time on or after April&#160;1, 2012, in each case, at the
    redemption prices set forth in this prospectus. In addition, we
    may redeem up to 35% of the senior notes due 2015 until
    October&#160;1, 2011 with the proceeds of certain equity
    offerings at the redemption prices set forth in this prospectus.
    There is no sinking fund for any of the notes.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The senior notes are our senior unsecured obligations and rank
    equal in right of payment to all of our existing and future
    senior indebtedness. The senior subordinated notes are our
    unsecured senior subordinated obligations and are subordinated
    in right of payment to all of our existing and future senior
    indebtedness, including the senior secured credit facilities,
    the existing senior notes and the senior notes offered hereby.
    Each of our domestic subsidiaries that guarantees our senior
    secured credit facilities are initially unconditionally
    guaranteeing the senior notes with guarantees that rank equal in
    right of payment to all of the senior indebtedness of such
    subsidiary, and are initially unconditionally guaranteeing the
    senior subordinated notes with guarantees that are subordinated
    in right of payment to all existing and future senior
    indebtedness of such subsidiary. The notes and the guarantees
    are effectively subordinated to our existing and future secured
    indebtedness and that of the guarantors to the extent of the
    assets securing such indebtedness.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This prospectus includes additional information on the terms of
    the notes, including redemption and repurchase prices, covenants
    and transfer restrictions.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 17%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 12pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>See &#147;<U>Risk Factors</U>&#148; beginning on page&#160;16
    for a discussion of certain risks that you should consider
    before investing in the notes. </B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Neither the Securities and Exchange Commission nor any state
    securities commission has approved or disapproved of the notes
    or passed upon the adequacy or accuracy of this prospectus. Any
    representation to the contrary is a criminal offense.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This prospectus has been prepared for and may be used by
    Goldman, Sachs&#160;&#038; Co. and other affiliates of The
    Goldman Sachs Group, Inc. in connection with offers and sales of
    the notes related to market-making transactions in the notes
    effected from time to time. Such affiliates of The Goldman Sachs
    Group, Inc. may act as principal or agent in such transactions,
    including as agent for the counterparty when acting as principal
    or as agent for both counterparties, and may receive
    compensation in the form of discounts and commissions, including
    from both counterparties, when it acts as agents for both. Such
    sales will be made at prevailing market prices at the time of
    sale, at prices related thereto or at negotiated prices. We will
    not receive any proceeds from such sales.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The date of this prospectus
    is&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;,
    2010.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
</DIV><!-- END PAGE WIDTH -->
<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>You should rely only on the information contained in this
    prospectus. We have not authorized anyone to provide you with
    different information. The prospectus may be used only for the
    purposes for which it has been published and no person has been
    authorized to give any information not contained herein. If you
    receive any other information, you should not rely on it. We are
    not making an offer of these securities in any state where the
    offer is not permitted.</B>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TABLE OF
    CONTENTS</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>
<DIV align="left">
<!-- TOC -->
</DIV>

<DIV align="left">
<A name="tocpage"></A>
</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="97%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadright -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Page</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#101'>Prospectus Summary</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#102'>Summary Historical Consolidated Financial Data</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#103'>Risk Factors</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#104'>Forward-Looking Statements</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    28
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#105'>Use of Proceeds</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    29
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#106'>Cash and Capitalization</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    29
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#107'>Selected Historical Consolidated Financial
    Information</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    31
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#108'>Management&#146;s Discussion and Analysis of
    Financial Condition and Results of Operations</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    34
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#109'>Business</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    54
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#110'>Management</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    64
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#111'>Security Ownership of Certain Beneficial
    Owners</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    88
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#112'>Certain Relationships and Related Party
    Transactions</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    91
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#113'>Description of Other Indebtedness</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    93
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#114'>Description of Senior Notes Due 2013</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    97
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#115'>Description of Senior Notes Due 2015</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    148
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#116'>Description of Senior Subordinated Notes</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    199
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#117'>Certain United States Federal Income and Estate
    Tax Consequences</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    254
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#118'>Certain ERISA Considerations</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    258
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#119'>Plan of Distribution</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    259
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#120'>Legal Matters</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    260
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#121'>Experts</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    260
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#122'>Where You Can Find More Information</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    260
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#123'>Index to Consolidated Financial Statements</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-1
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="w77800exv3w9.htm">Certificate of Incorporation of GL Trade Overseas, Inc.</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="w77800exv3w10.htm">By-Laws of GL Trade Overseas, Inc.</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="w77800exv3w19.htm">Certificate of Merger of SunGard Ambit LLC</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="w77800exv3w20.htm">Limited Liability Company Agreement of SunGard Ambit LLC</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="w77800exv3w59.htm">Certificate of Formation-Conversion of SunGard Kiodex LLC</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="w77800exv3w60.htm">Limited Liability Company Agreement of SunGard Kiodex LLC</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="w77800exv5w1.htm">Opinion of Simpson Thacher & Bartlett LLP</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="w77800exv5w2.htm">Opinion of Sheppard, Mullin, Richter & Hampton LLP</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="w77800exv5w3.htm">Opinion of Blank Rome LLP</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="w77800exv5w4.htm">Opinion of Ropes & Gray LLP</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="w77800exv23w5.htm">Consent of PricewaterhouseCoopers LLP</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="w77800exv24w1.htm">Powers of Attorney</A></FONT></TD></TR>
</TABLE>

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<A name='101'>
<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PROSPECTUS
    SUMMARY</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>This summary highlights information contained elsewhere in
    this prospectus. This summary may not contain all of the
    information that may be important to you in making your
    investment decision. You should read this entire prospectus,
    including the financial data and related notes and section
    entitled &#147;Risk Factors,&#148; before making an investment
    decision. Unless the context otherwise indicates, as used in
    this prospectus, the terms &#147;SunGard,&#148; &#147;we,&#148;
    &#147;our,&#148; &#147;us&#148; and &#147;the company&#148; and
    similar terms refer to SunGard Data Systems Inc. and its
    subsidiaries on a consolidated basis.</I>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Our
    Company</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are one of the world&#146;s leading software and technology
    services companies. We provide software and processing solutions
    to institutions throughout the financial services industry,
    higher education and the public sector. We also provide disaster
    recovery services, managed services, information availability
    consulting services and business continuity management software.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We serve more than 25,000 customers in more than 70 countries.
    We seek to establish long-term customer relationships by
    negotiating multi-year contracts and by emphasizing customer
    support and product quality and integration. We believe that we
    are one of the most efficient operators of mission-critical IT
    solutions as a result of the economies of scale we derive from
    serving multiple customers on shared platforms. Our revenue is
    highly diversified by customer and product, with no single
    customer accounting for more than 9% of our total revenue during
    any of the past three fiscal years. We estimate that
    approximately 90% of our revenue for the past three fiscal years
    was recurring in nature.
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    1
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We operate our business in four segments:
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Our
    Segments </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="21%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="17%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="17%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="17%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="17%">&nbsp;</TD>	<!-- colindex=05 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="5" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Software &#038; Processing </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Financial Systems</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Higher Education</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Public Sector</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Availability Services</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Revenue for the Year Ended December&#160;31, 2009
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    &#149; $3.1 billion
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    &#149; $526 million
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    &#149; $397 million
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    &#149; $1.5 billion
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Product and Service Offerings
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
<DIV style="text-indent: -4pt; margin-left: 4pt">
    &#149;&#160;&#160;&#160;Specialized software and processing
    solutions that automate the mission-critical business processes
    associated with trading securities, managing portfolios and
    accounting for investment assets, and consulting and IT
    management services
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    &#149;&#160;&#160;&#160;Specialized software and enterprise
    resource planning solutions, professional services, and
    consulting and IT management services to address the
    administrative, academic and community needs of higher education
    institutions
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    &#149;&#160;&#160;&#160;Specialized software and enterprise
    resource planning and administrative solutions, public safety
    and justice solutions, K-12 student information solutions, and
    consulting and IT management services
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    &#149;&#160;&#160;&#160;Recovery services and managed services,
    consulting, and business continuity management software that
    help companies maintain uninterrupted access to their
    mission-critical IT systems
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Number of Customers
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    &#149; 14,000
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    &#149; 1,600
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    &#149; 2,000
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    &#149; 10,000
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Primary Customers
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
<DIV style="text-indent: -4pt; margin-left: 4pt">
    &#149;&#160;&#160;&#160;Financial services companies<BR>
    <BR>
    &#149;&#160;&#160;&#160;Corporate and government treasury
    departments<BR>
    <BR>
    &#149;&#160;&#160;&#160;Energy companies
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    &#149;&#160;&#160;&#160;Higher education organizations around
    the world, including colleges, universities, campuses,
    foundations and state systems
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    &#149;&#160;&#160;&#160;School districts<BR>
    <BR>
    &#149;&#160;&#160;&#160;Central, federal, state and local
    governments<BR>
    <BR>
    &#149;&#160;&#160;&#160;Public safety and justice agencies<BR>
    <BR>
    &#149;&#160;&#160;&#160;Not-for-profit organizations
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    &#149;&#160;&#160;&#160;IT departments of large, medium and
    small companies across virtually all industries, primarily in
    North America and Europe
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We were acquired on August&#160;11, 2005 in a leveraged buy-out
    by a consortium of private equity investment funds associated
    with Bain Capital Partners, The Blackstone Group, Goldman
    Sachs&#160;&#038; Co., Kohlberg Kravis Roberts&#160;&#038; Co.,
    Providence Equity Partners, Silver Lake and TPG (the
    &#147;Transaction&#148;). As a result of the Transaction, we are
    highly leveraged and our equity is no longer publicly traded.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Financial
    Systems</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    FS provides mission-critical software and IT services to
    institutions in virtually every segment of the financial
    services industry. These systems automate the many complex
    processes associated primarily with managing investment
    portfolios and trading of and accounting for investment assets.
    These solutions address the processing requirements of a broad
    range of users within financial services. In addition, we also
    provide professional services that focus on application
    implementation and integration of these solutions and on custom
    software development. Since our inception, we have consistently
    enhanced our FS solutions to add
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    <BR>
    2
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    new features, process new types of financial instruments, meet
    new regulatory requirements, incorporate new technologies and
    meet evolving customer demands.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We deliver many of our FS solutions as an application service
    provider, primarily from our data centers located in North
    America and Europe that customers access through the Internet or
    virtual private networks. We also deliver some of our FS
    solutions by licensing the software to customers for use on
    their own computers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our FS businesses are grouped internally into two divisions. The
    main distinction between the two divisions is that one division
    serves customers whose businesses are primarily in North America
    while the other division serves customers whose businesses are
    primarily international. The grouping of FS businesses in two
    divisions also takes into account the balance of management
    workload.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Americas Division:</I>&#160;&#160;The Americas division
    includes our Brokerage&#160;&#038; Clearance, Corporations,
    Global Services, Insurance, Trading and Wealth Management
    businesses. It offers software solutions and strategic IT
    consulting to a broad range of users, including chief financial
    officers, compliance officers, custodians, insurers and
    reinsurers, plan administrators, registered investment advisors,
    treasurers, traders and wealth managers. These solutions help
    automate and manage the trading and processing requirements of
    banks, broker/dealers, insurance companies, pension companies,
    fiduciary trusts and other financial services firms primarily in
    North America.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>International Division:</I>&#160;&#160;The International
    division includes our Alternative Investments, Banks, Capital
    Markets&#160;&#038; Investment Banking, Global Trading and
    Institutional Asset Management businesses. It also includes our
    FS international distribution organization which on behalf of
    many of our FS businesses conducts business with customers in
    China, India, Japan, and the rest of Asia-Pacific, Central and
    Eastern Europe, the Middle East, Africa and Latin America. The
    International division offers software solutions and strategic
    IT consulting to a broad range of users including asset
    managers, compliance officers, fund administrators, market
    makers and traders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our FS businesses in the Americas and International divisions
    are organized in the following customer-facing business areas:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Alternative Investments:</I>&#160;&#160;We offer solutions
    specifically designed for firms specializing in alternative
    investments. These solutions support multiple asset classes and
    their derivatives, including equities, foreign exchange,
    interest rates, credit, commodities and convertibles. Solutions
    include strategy-specific applications for convertible and
    capital structure arbitrage, global repurchase agreements, stock
    finance, and listed options trading. Our enterprise-wide,
    straight-through processing solutions meet the trading, risk
    management, and investor and portfolio accounting requirements
    of single- and multi-strategy institutions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Banks:</I>&#160;&#160;We provide an integrated solution suite
    for asset/liability management, budgeting and planning,
    regulatory compliance, and profitability. Our products also
    manage all aspects of universal banking including back-office
    transaction processing, front-office multi-channel delivery,
    card management and payments.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Corporations:</I>&#160;&#160;Our solutions provide chief
    financial officers and treasurers with the ability to monitor
    cash flow in real time and with increased operational controls
    on treasury, receivables and payments functions. An
    <FONT style="white-space: nowrap">end-to-end</FONT>
    collaborative financial management framework gives chief
    financial officers and treasurers tools to help drive maximum
    value from working capital and reduce risk.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Brokerage&#160;&#038; Clearance:</I>&#160;&#160;We are a
    leading provider of solutions for the global processing of
    securities and derivatives. These solutions support trade
    processing, clearing and accounting, helping brokerage and
    clearing firms streamline operations and control risk and cost.
    Our solutions provide centralized transactional databases,
    support cross-asset business functions, and offer consolidated
    views of accounts and risk management. These solutions help
    firms gain
    <FONT style="white-space: nowrap">front-to-back</FONT>
    operational efficiencies, realize advantages of scale and
    support business growth.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Capital Markets&#160;&#038; Investment
    Banking:</I>&#160;&#160;Our solutions support cross-asset
    trading and straight-through processing of derivative
    instruments, helping investment banks to manage global trading
    books in multiple asset classes. These solutions also support
    securities lending and borrowing, repurchase agreements, and
</DIV>
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    <BR>
    3
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    related transactions. We also offer solutions for the
    enterprise-wide management of market, credit, interest rate and
    liquidity risk. In addition, we provide a framework for helping
    banks to manage operational risk and compliance requirements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Global Services:</I>&#160;&#160;We deliver consulting,
    technology and professional services for financial services,
    energy organizations and corporations. Leveraging SunGard&#146;s
    global delivery model, approximately 4,500 consultants and
    developers help customers achieve value from advanced
    technology, application management, business process management,
    business process outsourcing, information management,
    infrastructure management and testing services.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Global Trading:</I>&#160;&#160;We provide multi-asset, front-
    to back-office trading solutions for equities, fixed income,
    derivatives, FX and commodities on exchanges worldwide. These
    solutions support full lifecycle trading and trade processing
    activities including information services, market connectivity
    and order management that help improve trade efficiency and risk
    monitoring.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Institutional Asset Management:</I>&#160;&#160;We provide
    asset managers with comprehensive, integrated solutions to
    support their global investment operations. These solutions help
    connect every stage of the investment lifecycle, from portfolio
    analysis and electronic trading connectivity to regulatory
    compliance and investment accounting and reporting. We also
    provide systems for trading, pre- and post-trade compliance
    measurement, risk management, performance measurement and
    attribution, and data management.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Insurance:</I>&#160;&#160;We provide IT solutions for the
    insurance industry in each of the following major business
    lines: life/health/annuities/pensions, property and casualty,
    reinsurance and asset management. Our software and services
    support functions from the front-office through the
    back-office&#160;&#151; from customer service and policy
    administration to actuarial calculations, financial and
    investment accounting, and reporting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Trading:</I>&#160;&#160;We provide traders of
    U.S.&#160;equities, commodities and listed options with
    Web-based, electronic trading platforms for trade order
    management, direct market access and risk and compliance
    management. Our cross-asset solutions automate the transaction
    lifecycle, providing network connectivity and straight-through
    processing from pre- to post-trade. Our data analysis tools help
    improve the speed and ease of optimizing portfolios, assessing
    risk exposure and identifying market opportunities. Our energy
    solutions help financial services institutions, industrial and
    energy companies to efficiently compete in global energy markets
    by streamlining and integrating the trading, risk management and
    operations of physical commodities and their associated
    financial instruments.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Wealth Management:</I>&#160;&#160;Our wealth management
    solutions help investment advisors, trust bank managers and
    wealth managers grow their businesses by helping support the
    needs of their mass affluent and
    <FONT style="white-space: nowrap">high-net</FONT>
    worth clients. We provide solutions for financial planning,
    asset allocation, surveillance and suitability, new account
    opening, portfolio management, unified managed account programs,
    trade execution, asset management, custody and trust accounting.
    Our compliance and data management solutions help compliance
    officers mitigate risk and improve efficiencies through
    centralized data infrastructures, automated trade supervision
    and
    <FONT style="white-space: nowrap">code-of-ethics</FONT>
    monitoring. We also serve organizations that administer
    defined-contribution and defined-benefit retirement plans. Our
    retirement plan recordkeeping systems support many plan types
    and fulfill functions ranging from processing of contributions
    and payments to tax reporting and trade management.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Higher
    Education</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In HE, we provide software solutions, strategic and systems
    integration consulting, and technology management services to
    colleges and universities, including community colleges, liberal
    arts colleges, public universities, foundations, state systems,
    central and district offices, and international institutions, to
    help them support communities of learners. Higher education
    institutions rely on our broad portfolio of solutions and expert
    guidance to find better ways to teach, learn, manage and connect
    with their constituents. Our Open Digital Campus strategy
    combines our deep expertise in higher education with alternative
    delivery models, modular software components, and modern
    technologies that help universities and colleges design and
    build their next-generation digital campuses. Our solutions
    include administration and enterprise resource planning,
</DIV>
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    <BR>
    4
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    advancement, IT management and outsourcing, portal and
    communication tools, performance management, enrollment
    management, academic performance and strategic planning.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Public
    Sector</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In PS, we provide software and processing solutions designed to
    meet the specialized needs of central, federal, state and local
    governments, public safety and justice agencies, public schools,
    utilities, nonprofits, and other public sector institutions. Our
    systems and services help institutions improve the efficiency of
    their operations and utilize the Web and wireless technologies
    in serving their constituents. Our PS products support a range
    of specialized enterprise resource planning and administrative
    solutions for functions such as accounting, human resources,
    payroll, utility billing, land management, public safety and
    criminal justice, and IT managed services.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Availability
    Services</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In AS, we help our customers improve the resilience of mission
    critical systems. We do this by designing, implementing and
    managing cost-effective solutions using people, process and
    technology to address enterprise IT availability needs. Since we
    pioneered commercial disaster recovery in the 1970s, we believe
    that our specialization in information availability solutions,
    together with our experience, technology expertise, resource
    management capabilities, vendor neutrality and diverse service
    offerings, have uniquely positioned us to meet customers&#146;
    varied needs in an environment in which businesses are
    critically dependent on availability of IT. We have a
    comprehensive portfolio of services that extend from always
    ready standby services to high availability advanced recovery
    services and always on production and managed services,
    including planning and provisioning of private and public cloud
    computing and software-as-a-service (SaaS) platforms. We also
    provide business continuity management software and consulting
    services to help our customers design, implement and maintain
    plans to protect their central business systems. To serve our
    10,000 AS customers, we have 5,000,000&#160;square feet of
    operations space at over 80 facilities in nine countries and a
    global network of approximately 25,000&#160;miles. Since our
    inception, we have had a 100% success rate helping our customers
    recover from unplanned interruptions resulting from major
    disasters including the Gulf Coast hurricanes in 2008,
    widespread flooding in the U.K. in 2007, hurricane Katrina and
    Gulf Coast hurricanes in 2005, Florida hurricanes in 2004, the
    Northeast U.S.&#160;blackout in 2003 and the terrorist attacks
    of September&#160;11, 2001.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We provide the following four categories of services: recovery
    services, managed services, consulting services and business
    continuity management software. They can be purchased
    independently or collectively, depending on the customer&#146;s
    requirements. Although recovery services remain our principal
    revenue generating services, managed services, consulting and
    business continuity management software increasingly account for
    a greater percentage of our new sales. Because advanced recovery
    and managed services are often unique to individual customers
    and utilize a greater proportion of dedicated (versus shared)
    resources, they typically require modestly more capital
    expenditures and command a somewhat lower operating margin rate
    than traditional systems recovery services. The combination of
    all of these services provides our customers with a total,
    <FONT style="white-space: nowrap">end-to-end</FONT>
    IT operations and information availability management solution.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Recovery Services:</I>&#160;&#160;AS helps customers maintain
    access to the information and computer systems they need to run
    their businesses by providing cost-effective solutions to keep
    IT systems operational and secure in the event of an unplanned
    business disruption. These business disruptions can range from
    man-made events (e.g. power outages, telecommunications
    disruptions and acts of terrorism) to natural disasters (e.g.
    floods, hurricanes and earthquakes). AS offers a complete range
    of recovery services, depending on the length of time deemed
    acceptable by customers for IT systems outage&#160;&#151;
    ranging from minutes (for mission-critical applications) to
    several hours or several days (for non-mission-critical
    applications). We deliver these services using processors,
    servers, storage devices, networks and other resources and
    infrastructure that are subscribed to by multiple customers,
    which results in economies of scale for us and
    cost-effectiveness for our customers. These shared services
    range from basic standby systems recovery services, workforce
    continuity services, and mobile recovery options to blended
    &#147;advanced recovery&#148; or &#147;high availability&#148;
    solutions that typically combine systems recovery services with
    dedicated data storage resources that allow customers to
    replicate data to one of our sites, helping them minimize data
    loss and reduce recovery times.
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    <BR>
    5
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    <I>Managed Services:</I>&#160;&#160;AS provides IT
    infrastructure and production services that customers use to run
    their businesses on a
    <FONT style="white-space: nowrap">day-to-day</FONT>
    basis. These services range from co-located IT infrastructure
    (e.g., where AS provides data center space, power, cooling and
    network connectivity) to fully managed infrastructure services
    (e.g., where AS fully manages the daily operation of a
    customer&#146;s IT infrastructure). AS can also provide managed
    services at the customer&#146;s data center. Some managed
    services require dedicated processors, servers, storage devices,
    networks and other resources, which are either obtained by the
    customer or provided by us for the customer&#146;s exclusive
    use. Other managed services are provided on shared
    infrastructure. Managed services are designed in a flexible
    manner that allow customers to choose the services they need
    from a menu of options delivered on pre-agreed schedules or on
    an on-demand basis. Therefore, the combination of selected
    managed services is unique to each customer, with solutions
    crafted to meet that customer&#146;s specific needs. Managed
    services help customers augment their IT resources and skills
    without having to hire full-time internal IT staff and invest in
    infrastructure that is not fully used all the time. In 2010, we
    expect to launch enterprise-grade cloud computing services in
    North America building on our expertise in information
    availability and managed services.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Consulting Services:</I>&#160;&#160;AS offers consulting
    services to help customers solve critical business continuity
    and IT infrastructure problems including business continuity,
    data storage and management, information security, and numerous
    categories of IT infrastructure operations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Business Continuity Management Software:</I>&#160;&#160;AS
    offers software solutions that help customers operate a
    comprehensive and professional business continuity plan across
    their enterprise and enable ongoing business operations in a
    crisis. AS software has flexible modular solutions that allow
    customers to add functionality as required. Modules are
    available to support business impact analysis, business
    continuity planning, incident response and emergency
    notification. The software solution leverages a common platform
    for data consistency, as well as standardized reporting for
    seamless automation of the business continuity process.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Our
    Strengths</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Leading franchise in attractive
    industries.</I>&#160;&#160;Built over many years, our business
    has leading positions and strong customer relationships in
    industries with attractive growth dynamics.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

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    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

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    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Leading industry positions.</I>&#160;&#160;We believe that,
    within the highly fragmented global market for financial
    services IT software and services, the majority of businesses
    within our FS segment are leaders in the sectors in which they
    participate. We believe that HE and PS are both leading
    providers of software and services to higher education
    institutions and the public sector, respectively, and that AS is
    the pioneer and a leading provider in the information
    availability services industry.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Attractive industry dynamics.</I>&#160;&#160;While the
    economic crisis and resulting recession has had a negative
    impact on the sectors in which we operate, we believe that, over
    the long term, our primary market segments continue to have
    strong growth potential. We believe that our FS business will
    benefit from several key industry dynamics: the shift from
    internal to outsourced IT spending, the shift from
    infrastructure to application software spending, and the general
    increase in IT spending associated with increasing compliance
    and regulatory requirements and customers&#146; increasing need
    for real-time information. We anticipate that our HE and PS
    businesses will benefit from favorable growth dynamics in higher
    education and public safety and justice IT spending. We believe
    that our AS business will continue to benefit from favorable
    growth in the small and medium business sector as well as in the
    managed services industry. We believe that our strong
    relationships with our customers in the relatively fragmented
    software and processing sectors that we serve and our extensive
    experience and the significant total capital that we have
    invested in AS help us to maintain leading positions. We believe
    that these factors should provide us with competitive advantages
    and enhance our growth potential.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Highly attractive business model.</I>&#160;&#160;We have
    substantial recurring revenue and a diversified customer base
    and generate significant operating cash flow.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

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    <TD width="4%"></TD>
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    <TD width="94%"></TD>
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    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Extensive portfolio of businesses with substantial recurring
    revenue.</I>&#160;&#160;With a large portfolio of proprietary
    services and products in each of our four business segments, we
    have a diversified and
</TD>
</TR>

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    <BR>
    6
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    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    stable business. We estimate that approximately 90% of our
    revenue for the past three fiscal years was recurring in nature.
    With the exception of our broker/dealer business, we believe
    that our FS revenue is more insulated from changes in trading
    and transaction volumes than the financial services industry at
    large because our FS customers generally pay us monthly fees
    that are based on metrics such as number of accounts, trades or
    transactions, users or number of hours of service. Our portfolio
    of solutions and the largely recurring nature of our revenue
    across all four of our segments have reduced volatility in our
    revenue and income from operations.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

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    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

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    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Diversified and stable customer base.</I>&#160;&#160;Our
    customer base is highly diversified with no single customer
    accounting for more than 9% of total revenue during any of the
    last three fiscal years. Our base of more than 25,000 customers
    includes most of the world&#146;s largest financial services
    firms, a variety of other financial services firms, corporate
    and government treasury departments, energy companies, higher
    education institutions, school districts, local governments and
    <FONT style="white-space: nowrap">not-for-profit</FONT>
    organizations. Our AS business serves customers across virtually
    all industries. In addition, our track record of helping our
    customers improve their operational efficiency, achieve high
    levels of availability and address regulatory requirements
    results in stable, long-term customer relationships.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Significant operating cash flow
    generation.</I>&#160;&#160;With strong operating margins and
    relatively moderate capital-expenditure and working-capital
    investment needs, we generate significant operating cash flow.
    Our strong cash flow allows us to meet our significant
    debt-service requirements and make discretionary investments to
    grow the business, both by investing in new products and
    services and through acquisitions.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Experienced management team with track record of success with
    proper incentives.</I>&#160;&#160;Our management team fosters an
    entrepreneurial culture, has a long track record of operational
    excellence, has a proven ability to acquire and integrate
    complementary businesses, and is highly committed to our
    Company&#146;s long-term success.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

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    <TD width="4%"></TD>
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    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Long track record of operational
    excellence.</I>&#160;&#160;We have a solid track record of
    performance consistent with internal financial targets. Our
    experienced senior executive officers have proven capabilities
    in both running a global business and managing numerous
    applications that are important to our customers. Our FS
    solutions account for and manage over $25 trillion in investment
    assets and process over 5&#160;million transactions per day. In
    our HE business, 1,600 organizations including colleges,
    universities, campuses, foundations and state systems rely on
    our solutions. Our PS products are used by agencies that serve
    more than 140&#160;million citizens in North America and
    40&#160;million citizens in the UK. Our AS business has had a
    100% success rate in supporting customer recoveries since our
    inception.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Successful, disciplined acquisition
    program.</I>&#160;&#160;To complement our organic growth, we
    have a highly disciplined program to identify, evaluate, execute
    and integrate acquisitions. We have completed over 170
    acquisitions and overall have improved the operating performance
    of acquired businesses. Our ongoing acquisition program has
    contributed significantly to our long-term growth and success.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Experienced and committed management team.</I>&#160;&#160;Our
    executive officers have on average more than 15&#160;years of
    industry experience. Our senior managers have committed
    significant personal capital to our Company in connection with
    the Transaction.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Business
    Strategy</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are focused on expanding our position not only as a leading
    provider of software and processing solutions, but also as the
    provider of choice for a wide range of information availability
    services and managed services for IT-departments in companies
    across virtually all industries. Our operating and financial
    strategy emphasizes fiscal discipline, profitable revenue growth
    and significant operating cash flow generation. In pursuit of
    these objectives, we have implemented the following strategies:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Expand our industry-leading franchise.</I>&#160;&#160;We are
    constantly enhancing our product and service offerings across
    our portfolio of businesses, further building and leveraging our
    customer relationships, and looking to acquire complementary
    businesses at attractive valuations.
</DIV>
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    <BR>
    7
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<!-- XBRL Pagebreak End -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Enhance our product and service offerings.</I>&#160;&#160;We
    continually support, upgrade and enhance our systems to
    incorporate new technology and meet the needs of our customers
    for increased operational efficiency and resilience. Our strong
    base of recurring revenue drives high operating margins that
    allow us to consistently reinvest in our products and services.
    In 2009 and 2008, software development expenses were 7% and 8%,
    respectively, of revenue from software and processing solutions.
    We continue to introduce innovative products and services in all
    four of our business segments. We believe that our focus on
    product enhancement and innovation will help us to increase our
    penetration of existing and new customers.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Extend our strong customer relationships.</I>&#160;&#160;We
    focus on developing trusted, mutually beneficial, long-term
    relationships with our customers. We look to maximize
    cross-selling opportunities, increase our share of our
    customers&#146; total IT spending and maintain a high level of
    customer satisfaction. Our global account management program
    allows us to present a single face to our larger FS customers as
    well as better target potential cross-selling opportunities.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Acquire and integrate complementary
    businesses.</I>&#160;&#160;We seek opportunistically to acquire
    businesses that broaden our existing product and service
    offerings, expand our customer base and strengthen our
    leadership positions, especially within the fragmented FS, HE
    and PS markets, and that will provide us with a suitable return
    on investment. Before committing to an acquisition, we devote
    significant resources to due diligence and to developing a
    post-acquisition integration plan, including the identification
    and quantification of potential cost savings and synergies.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Continue to enhance our attractive business
    model.</I>&#160;&#160;We continue to focus on maintaining our
    attractive business model and, in particular, increasing our
    recurring revenue base and implementing incremental operational
    improvements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Increase our recurring revenue base.</I>&#160;&#160;We strive
    to generate a high level of recurring revenue and stable cash
    flow from operations. We charge customers monthly subscription
    fees under multi-year contracts, and we continue to prefer such
    contracts because they offer high levels of revenue stability
    and visibility. Moreover, we believe that our high quality
    services and customized solutions help increase the level of
    integration and efficiency for our customers and reduce customer
    defections to other vendors or to in-house solutions.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Implement incremental operational
    improvements.</I>&#160;&#160;We have identified opportunities to
    further increase revenue, reduce costs and improve cash flow
    from operations. These include the global account management
    program within FS, which stimulates cross-selling opportunities
    and enhances relationship management at our largest customers;
    the combination of our consulting services and technology
    services business units to form a global services organization
    which offers a broader range of services to our customers
    leveraging a global delivery model; the introduction of a
    customer relationship management system to enhance sales force
    automation in our AS business; the implementation of a
    software-as-a-service (SaaS) application development framework
    to help accelerate
    <FONT style="white-space: nowrap">time-to-market</FONT>
    and achieve flexible delivery of software solutions; and the
    consolidation of data centers within FS.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Enhance our performance-based culture.</I>&#160;&#160;We are
    focused on enhancing our performance-based culture. Our
    compensation programs are designed to be based primarily on
    achieving high performance goals. We continue to evaluate the
    competitiveness of our compensation plans in order to promote
    retention of key individuals in both our existing and acquired
    businesses.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>



<CENTER style="font-size: 1pt; width: 18%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SunGard Data Systems Inc. was incorporated under Delaware law in
    1982. Our principal executive offices are located at 680 East
    Swedesford Road, Wayne, Pennsylvania 19087. Our telephone number
    is
    <FONT style="white-space: nowrap">(484)&#160;582-2000.</FONT>
</DIV>
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    <BR>
    8
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
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<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">The
    Notes</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The summary below describes the principal terms of the notes.
    Certain of the terms and conditions described below are subject
    to important limitations and exceptions. The &#147;Description
    of the Senior Notes&#148; and &#147;Description of the Senior
    Subordinated Notes&#148; sections of this prospectus contain a
    more detailed description of the terms and conditions of the
    notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
    Issuer</TD>
    <TD></TD>
    <TD valign="bottom">
    SunGard Data Systems Inc.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Securities Offered</TD>
    <TD></TD>
    <TD valign="bottom">
    9<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">8</FONT>%&#160;Senior
    Notes due 2013.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    10<FONT style="vertical-align: text-top; font-size: 70%;">5</FONT>/<FONT style="font-size: 70%;">8</FONT>%&#160;Senior
    Notes due 2015.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    10<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">4</FONT>%&#160;Senior
    Subordinated Notes due 2015.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Maturity</TD>
    <TD></TD>
    <TD valign="bottom">
    The senior notes due 2013 mature on August&#160;15, 2013.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    The senior notes due 2015 mature on May&#160;15, 2015.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    The senior subordinated notes mature on August&#160;15, 2015.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Interest Rate</TD>
    <TD></TD>
    <TD valign="bottom">
    The senior notes due 2013 bear interest at a rate of
    9<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">8</FONT>%
    per annum.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    The senior notes due 2015 bear interest at a rate of
    10<FONT style="vertical-align: text-top; font-size: 70%;">5</FONT>/<FONT style="font-size: 70%;">8</FONT>%
    per annum.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    The senior subordinated notes bear interest at a rate of
    10<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">4</FONT>%
    per annum.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Interest Payment Dates</TD>
    <TD></TD>
    <TD valign="bottom">
    We pay interest on the senior notes due 2013 and the senior
    subordinated notes on February 15 and August 15 and on the
    senior notes due 2015 on April 1 and October&#160;1. Interest
    accrues from the most recent date to which interest has been
    paid or, if no interest has been paid, the issue date of the
    notes.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Guarantees</TD>
    <TD></TD>
    <TD valign="bottom">
    Each of our domestic subsidiaries that guarantees the
    obligations under our senior secured credit facilities are
    initially jointly and severally and unconditionally guaranteeing
    the senior notes on a senior unsecured basis and the senior
    subordinated notes on an unsecured senior subordinated basis.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Ranking</TD>
    <TD></TD>
    <TD valign="bottom">
    The senior notes are our senior unsecured obligations and:</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;rank senior in right of payment to our future debt
    and other obligations that are, by their terms, expressly
    subordinated in right of payment to the senior notes, including
    the senior subordinated notes;</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;rank equally in right of payment to all of our
    existing and future senior debt and other obligations that are
    not, by their terms, expressly subordinated in right of payment
    to the senior notes; and</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;are effectively subordinated in right of payment to
    all of our existing and future secured debt including
    obligations under our senior secured credit facilities and the
    4.875%&#160;senior notes due 2014 (referred to in this
    prospectus as the &#147;senior secured notes&#148;), to the
    extent of the value of the assets securing such debt, and are
    structurally subordinated to all obligations of each of our
    subsidiaries that is not a guarantor of the senior notes.</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    Similarly, the guarantees of the senior notes are senior
    unsecured obligations of the guarantors and:</TD>
</TR>

</TABLE>
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    <BR>
    9
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;rank senior in right of payment to all of the
    applicable guarantor&#146;s future debt and other obligations
    that are, by their terms, expressly subordinated in right of
    payment to the senior notes, including such guarantor&#146;s
    guarantee under the senior subordinated notes;</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;rank equally in right of payment to all of the
    applicable guarantor&#146;s existing and future senior debt and
    other obligations that are not, by their terms, expressly
    subordinated in right of payment to the senior notes; and</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;are effectively subordinated in right of payment to
    all of the applicable guarantor&#146;s existing and future
    secured debt (including such guarantor&#146;s guarantee under
    our senior secured credit facilities and the senior secured
    notes), to the extent of the value of the assets securing such
    debt, and are structurally subordinated to all obligations of
    any subsidiary of a guarantor if that subsidiary is not also a
    guarantor of the senior notes.</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    The senior subordinated notes are our unsecured senior
    subordinated obligations and:</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;are subordinated in right of payment to our existing
    and future senior debt, including our senior secured credit
    facilities, the senior secured notes and the senior notes;</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;rank equally in right of payment to all of our
    future senior subordinated debt;</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;are effectively subordinated in right of payment to
    all of our existing and future secured debt (including our
    senior secured credit facilities and the senior secured notes),
    to the extent of the value of the assets securing such debt, and
    are structurally subordinated to all obligations of each of our
    subsidiaries that is not a guarantor of the senior subordinated
    notes; and</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;rank senior in right of payment to all of our future
    debt and other obligations that are, by their terms, expressly
    subordinated in right of payment to the senior subordinated
    notes.</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    Similarly, the guarantees of the senior subordinated notes are
    unsecured senior subordinated obligations of the guarantors and:</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;are subordinated in right of payment to all of the
    applicable guarantor&#146;s existing and future senior debt,
    including such guarantor&#146;s guarantee under our senior
    secured credit facilities, the senior secured notes and the
    senior notes;</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;rank equally in right of payment to all of the
    applicable guarantor&#146;s future senior subordinated debt;</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;are effectively subordinated in right of payment to
    all of the applicable guarantor&#146;s existing and future
    secured debt (including such guarantor&#146;s guarantee under
    our senior secured credit facilities and the senior secured
    notes), to the extent of the value of the assets securing such
    debt, and are structurally subordinated to all obligations of
    any subsidiary of a guarantor if that subsidiary is not also a
    guarantor of the senior subordinated notes; and</DIV>
</TD>
</TR>

</TABLE>
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    <BR>
    10
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
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<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;rank senior in right of payment to all of the
    applicable guarantor&#146;s future subordinated debt and other
    obligations that are, by their terms, expressly subordinated in
    right of payment to the senior subordinated notes.</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    As of December&#160;31, 2009, (1)&#160;the notes and related
    guarantees ranked effectively junior to approximately
    $4,967&#160;million of senior secured indebtedness (which
    includes $250&#160;million face amount of our senior secured
    notes that are recorded at $234&#160;million), (2)&#160;the
    senior notes and related guarantees ranked senior to the
    $1,000&#160;million of senior subordinated notes, (3)&#160;the
    senior subordinated notes and related guarantees ranked junior
    to approximately $7,067&#160;million of senior indebtedness
    under the senior secured credit facilities, the senior secured
    notes, the senior notes and $19&#160;million of payment
    obligations relating to historical acquisitions and capital
    lease obligations (4)&#160;we had an additional
    $804&#160;million of unutilized capacity under our revolving
    credit facility, after giving effect to certain outstanding
    letters of credit and (5)&#160;our non-guarantor subsidiaries
    had approximately $8&#160;million (of the $19&#160;million
    described above) of payment obligations relating to historical
    acquisitions and capital lease obligations. In addition,
    $250&#160;million was outstanding under our receivables facility
    which is secured by accounts receivable of our subsidiaries that
    participate in the facility.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Optional Redemption</TD>
    <TD></TD>
    <TD valign="bottom">
    Beginning on August&#160;15, 2009, we may redeem some or all of
    the senior notes due 2013 at the redemption prices listed under
    &#147;Description of Senior Notes Due 2013&#160;&#151; Optional
    Redemption&#148; plus accrued interest on the senior notes to
    the date of redemption.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    Prior to April&#160;1, 2012, we have the option to redeem some
    or all of the senior notes due 2015 for cash at a redemption
    price equal to 100% of their principal amount plus an applicable
    make-whole premium (as described in &#147;Description of Senior
    Notes Due 2015&#160;&#151; Optional Redemption&#148;) plus
    accrued and unpaid interest to the redemption date. Beginning on
    April&#160;1, 2012, we may redeem some or all of the senior
    notes due 2015 at the redemption prices listed under
    &#147;Description of Senior Notes Due 2015&#160;&#151; Optional
    Redemption&#148; plus accrued interest on the senior notes to
    the date of redemption.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    Prior to August&#160;15, 2010, we have the option to redeem some
    or all of the senior subordinated notes for cash at a redemption
    price equal to 100% of their principal amount plus an applicable
    make-whole premium (as described in &#147;Description of Senior
    Subordinated Notes&#160;&#151; Optional Redemption&#148;) plus
    accrued and unpaid interest to the redemption date. Beginning on
    August&#160;15, 2010, we may redeem some or all of the senior
    subordinated notes at the redemption prices listed under
    &#147;Description of Senior Subordinated Notes&#160;&#151;
    Optional Redemption&#148; plus accrued interest on the senior
    subordinated notes to the date of redemption.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Optional Redemption&#160;After Certain Equity Offerings</TD>
    <TD></TD>
    <TD valign="bottom">
    At any time (which may be more than once) before October&#160;1,
    2011, we may choose to redeem up to 35% of the senior notes due
    2015 at a redemption price equal to 110.625% of the face thereof </TD>
</TR>
<!-- XBRL Paragraph Pagebreak -->

</TABLE>
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    <BR>
    11
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
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<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    with proceeds that we or one of our parent companies (as defined
    below) raise in one or more equity offerings, as long as at
    least 50% of the aggregate principal amount of the notes issued
    of the applicable series remains outstanding afterwards.</TD>
</TR>
    <FONT style="font-size: 10pt">
    </FONT>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    See &#147;Description of Senior Notes Due 2015&#160;&#151;
    Optional Redemption.&#148;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Change of Control Offer</TD>
    <TD></TD>
    <TD valign="bottom">
    Upon the occurrence of a change of control, you will have the
    right, as holders of the notes, to require us to repurchase some
    or all of your notes at 101% of their face amount, plus accrued
    and unpaid interest to the repurchase date. See
    &#147;Description of Senior Notes Due 2013,&#160;&#151;
    Repurchase at the Option of Holders&#160;&#151; Change of
    Control&#148;, &#147;Description of Senior Notes Due
    2015&#160;&#151; Repurchase at the Option of Holders&#160;&#151;
    Change of Control&#148; and &#147;Description of Senior
    Subordinated Notes&#160;&#151; Repurchase at the Option of
    Holders&#160;&#151; Change of Control.&#148;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    We may not be able to pay you the required price for notes you
    present to us at the time of a change of control, because:</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;we may not have enough funds at that time; or</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;terms of our senior debt, including, in the case of
    the senior subordinated notes, the indenture governing the
    senior notes, may prevent us from making such payment</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    Your right to require us to repurchase a series of notes upon
    the occurrence of a change of control will be suspended during
    any time that the applicable series of notes have investment
    grade ratings from both Moody&#146;s Investors Service, Inc. and
    Standard&#160;&#038; Poor&#146;s.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Certain Indenture Provisions</TD>
    <TD></TD>
    <TD valign="bottom">
    The indentures governing the notes contain covenants limiting
    our ability and the ability of our restricted subsidiaries to:</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;incur additional debt or issue certain preferred
    shares;</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;pay dividends on or make distributions in respect of
    our capital stock or make other restricted payments;</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;make certain investments;</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;sell certain investments;</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;create liens on certain assets to secure debt;</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;consolidate, merge, sell or otherwise dispose of all
    or substantially all of our assets;</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;enter into certain transactions with our affiliates;
    and</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;designate our subsidiaries as unrestricted
    subsidiaries.</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    These covenants are subject to a number of important limitations
    and exceptions. See &#147;Description of Senior Notes Due 2013,
    Description of Senior Notes Due 2015&#148; and &#147;Description
    of Senior Subordinated Notes.&#148; Certain covenants will cease
    to apply to a series of notes at all times after the applicable
    series of notes have investment grade ratings from both
    Moody&#146;s Investors Service, Inc. and Standard&#160;&#038;
    Poor&#146;s.</TD>
</TR>

</TABLE>
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    <BR>
    12
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
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<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
    No Public Market</TD>
    <TD></TD>
    <TD valign="bottom">
    The notes are freely transferable, but there may not be an
    active trading market for the notes. We cannot assure you as to
    the future liquidity of any market. The initial purchasers in
    the private offering of the notes have advised us that they
    currently intend to make a market in the notes. The initial
    purchasers are not obligated, however, to make a market in the
    notes, and any such market-making may be discontinued by the
    initial purchasers in their discretion at any time without
    notice.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Risk
    Factors</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    You should carefully consider all the information in the
    prospectus prior to investing in the notes. In particular, we
    urge you to consider carefully consider the factors set forth
    under the heading &#147;Risk Factors.&#148;
</DIV>
<!-- XBRL Pagebreak Begin -->
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    <BR>
    13
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<!-- XBRL Pagebreak End -->

<A name='102'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SUMMARY
    HISTORICAL CONSOLIDATED FINANCIAL DATA</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Set forth below is summary historical consolidated financial
    data, at the dates and for the periods indicated. The historical
    data for the fiscal years ended December&#160;31, 2007, 2008 and
    2009 have been derived from SunGard&#146;s historical
    consolidated financial statements included elsewhere in this
    prospectus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The summary historical consolidated financial data should be
    read in conjunction with &#147;Selected Historical Consolidated
    Financial Data,&#148; &#147;Management&#146;s Discussion and
    Analysis of Financial Condition and Results of Operations&#148;
    and our consolidated financial statements and related notes
    appearing elsewhere in this prospectus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="65%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="11" align="center" valign="bottom">
    <B>(Dollars in millions)</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Statement of Operations Data:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,901
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,596
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,508
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Operating costs and expenses:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cost of sales and direct operating
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,268
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,744
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,709
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Sales, marketing and administration
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,042
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,151
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,112
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Product development
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    271
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    308
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    302
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Depreciation and amortization
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    251
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    278
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    291
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Amortization of acquisition-related intangible assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    438
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    515
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    540
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Goodwill impairment charge and merger costs
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    130
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,130
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total operating costs and expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,270
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,126
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,084
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income from operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    631
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    470
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (576
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Interest income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Interest expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (645
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (599
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (637
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Other (expense)
    income<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (68
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (93
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Loss before income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (63
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (204
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,191
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Income tax (expense) benefit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (38
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    73
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net loss
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (60
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (242
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,118
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Statement of Cash Flows Data:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net cash provided by (used in):
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Operating activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    701
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    385
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    639
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Investing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (564
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,109
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (333
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Financing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (32
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,303
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (628
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Other Financial Data:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    EBITDA<SUP style="font-size: 85%; vertical-align: top">(2)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,252
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,298
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,396
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Capital expenditures,
    net<SUP style="font-size: 85%; vertical-align: top">(3)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    307
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    392
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    327
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    During 2007, we recorded $29&#160;million related to the loss on
    sale of the receivables and discount on retained interests in
    connection with the accounts receivable securitization program
    and $28&#160;million associated with the early retirement of the
    $400&#160;million of senior floating rate notes due 2013, of
    which $19&#160;million represented the retirement premium paid
    to the noteholders. During 2008, we recorded $25&#160;million
    related to the loss on sale of the receivables and discount on
    retained interests in connection with the accounts receivable
    securitization program; $46&#160;million in foreign exchange
    losses related to our Euro denominated term loan;
    $10&#160;million related to hedge settlements associated with
    the GL TRADE acquisition; and $7&#160;million related to unused
    alternative financing commitments for the acquisition of GL </TD>
</TR>
<!-- XBRL Paragraph Pagebreak -->

</TABLE>
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</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    14
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<!-- XBRL Pagebreak End -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    TRADE. During 2009, we recorded $14&#160;million in foreign
    currency translation gains related to our Euro denominated term
    loan.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    EBITDA, a measure used by management to measure operating
    performance, is defined as net income plus interest, taxes,
    depreciation and amortization and goodwill impairment. EBITDA is
    not a recognized term under generally accepted accounting
    principles (GAAP) and does not purport to be an alternative to
    net income as a measure of operating performance or to cash
    flows from operating activities as a measure of liquidity.
    Additionally, EBITDA is not intended to be a measure of free
    cash flow available for management&#146;s discretionary use, as
    it does not consider certain cash requirements such as interest
    payments, tax payments and debt service requirements. Management
    believes EBITDA is helpful in highlighting trends because EBITDA
    can differ significantly from company to company depending on
    long-term strategic decisions regarding capital structure, the
    tax jurisdictions in which companies operate and capital
    investments. In addition, EBITDA provides more comparability
    between the historical results of SunGard and results that
    reflect purchase accounting and the new capital structure.
    Management compensates for the limitations of using non-GAAP
    financial measures by using them to supplement GAAP results to
    provide a more complete understanding of the factors and trends
    affecting the business than GAAP results alone. Because not all
    companies use identical calculations, these presentations of
    EBITDA may not be comparable to other similarly titled measures
    of other companies.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    Historical EBITDA is calculated as follows:</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="59%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="11" align="center" valign="bottom">
    <B>(Dollars in millions)</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net loss
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (60
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (242
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,118
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Interest expense, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    626
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    581
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    630
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    38
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (73
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Depreciation and amortization
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    689
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    793
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    831
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Goodwill impairment charge
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    128
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,126
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    EBITDA
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,252
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,298
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,396
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Capital expenditures represent net cash paid for property and
    equipment as well as software and other assets.</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
</DIV><!-- End box 1 -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    15
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='103'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">RISK
    FACTORS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>You should carefully consider the following risk factors and
    all other information contained in this prospectus before
    deciding whether to invest in the notes. The risks and
    uncertainties described below are not the only ones we face.
    Additional risks and uncertainties that we are unaware of, or
    that we currently deem immaterial, also may become important
    factors that affect us.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If any of the following risks occur, our business, financial
    condition or results of operations could be materially and
    adversely affected. In that case, the trading price of the notes
    could decline or we may not be able to make payments of interest
    and principal on the notes, and you may lose some or all of your
    investment.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Risks
    Related to Our Indebtedness</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Our
    substantial leverage could adversely affect our ability to raise
    additional capital to fund our operations, limit our ability to
    react to changes in the economy or our industry, expose us to
    interest rate risk to the extent of our variable rate debt and
    prevent us from meeting our debt obligations.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a result of being acquired on August&#160;11, 2005 by a
    consortium of private equity investment funds, we are highly
    leveraged and our debt service requirements are significant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our high degree of debt-related leverage could have important
    consequences, including:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    making it more difficult for us to make payments on our debt
    obligations;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    increasing our vulnerability to general economic and industry
    conditions;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    requiring a substantial portion of cash flow from operations to
    be dedicated to the payment of principal and interest on our
    indebtedness, therefore reducing our ability to use our cash
    flow to fund our operations, capital expenditures and future
    business opportunities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    exposing us to the risk of increased interest rates as certain
    of our borrowings, including borrowings under our senior secured
    credit facilities, are at variable rates of interest;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    restricting us from making acquisitions or causing us to make
    non-strategic divestitures;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    limiting our ability to obtain additional financing for working
    capital, capital expenditures, product development, debt service
    requirements, acquisitions and general corporate or other
    purposes;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    limiting our ability to adjust to changing market conditions and
    placing us at a competitive disadvantage compared to our
    competitors who are less highly leveraged.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We and our subsidiaries may be able to incur substantial
    additional indebtedness in the future, subject to the
    restrictions contained in our senior secured credit facilities
    and the indentures relating to our senior notes due 2013 and
    2015 and senior subordinated notes due 2015. If new indebtedness
    is added to our current debt levels, the related risks that we
    now face could intensify. If we incur any additional
    indebtedness that ranks equally with the senior notes or the
    senior subordinated notes, the holders of that additional debt
    will be entitled to share ratably with the holders of the senior
    notes and the subordinated notes, respectively, in any proceeds
    distributed in connection with any insolvency, liquidation,
    reorganization, dissolution or other
    <FONT style="white-space: nowrap">winding-up</FONT>
    of us. This may have the effect of reducing the amount of
    proceeds paid to you.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Our
    debt agreements contain restrictions that limit our flexibility
    in operating our business.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our senior secured credit agreement and the indentures governing
    our senior notes due 2013 and 2015 and senior subordinated notes
    due 2015 contain various covenants that limit our ability to
    engage in specified types of transactions. These covenants limit
    our ability to, among other things:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    incur additional indebtedness or issue certain preferred shares;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    pay dividends on, repurchase or make distributions in respect of
    our capital stock or make other restricted payments;
</TD>
</TR>

</TABLE>
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    <BR>
    16
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    make certain investments;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    sell certain assets;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    create liens;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    consolidate, merge, sell or otherwise dispose of all or
    substantially all of our assets;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    enter into certain transactions with our affiliates.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, under the senior secured credit agreement, we are
    required to satisfy and maintain specified financial ratios and
    other financial condition tests. Our ability to meet those
    financial ratios and tests can be affected by events beyond our
    control, and we may not be able to meet those ratios and tests.
    A breach of any of these covenants could result in a default
    under the senior secured credit agreement. Upon an event of
    default under the senior secured credit agreement, the lenders
    could elect to declare all amounts outstanding to be immediately
    due and payable and terminate all commitments to extend further
    credit.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If we were unable to repay those amounts, the lenders under the
    senior secured credit agreement could proceed against the
    collateral granted to them to secure that indebtedness. We have
    pledged a significant portion of our assets as collateral under
    the senior secured credit agreement and the senior secured
    notes, to the extent required by the indenture governing these
    notes. If the lenders under the senior secured credit agreement
    accelerate the repayment of borrowings, we may not have
    sufficient assets to repay the senior secured credit facilities
    and the senior secured notes, as well as our unsecured
    indebtedness.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Risks
    Related to Our Business</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Our
    business depends largely on the economy and financial markets,
    and a slowdown or downturn in the economy or financial markets
    could adversely affect our business and results of
    operations.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    When there is a slowdown or downturn in the economy, a drop in
    stock market levels or trading volumes, or an event that
    disrupts the financial markets, our business and financial
    results may suffer for a number of reasons. Customers may react
    to worsening conditions by reducing their capital expenditures
    in general or by specifically reducing their IT spending. In
    addition, customers may curtail or discontinue trading
    operations, delay or cancel IT projects, or seek to lower their
    costs by renegotiating vendor contracts. Also, customers with
    excess IT resources may choose to take their information
    availability solutions in-house rather than obtain those
    solutions from us. Moreover, competitors may respond to market
    conditions by lowering prices and attempting to lure away our
    customers to lower cost solutions. If any of these circumstances
    remain in effect for an extended period of time, there could be
    a material adverse effect on our financial results. Because our
    financial performance tends to lag behind fluctuations in the
    economy, our recovery from any particular downturn in the
    economy may not occur until after economic conditions have
    generally improved.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Our
    business depends to a significant degree on the financial
    services industry, and a weakening of, or further consolidation
    in, the financial services industry could adversely affect our
    business and results of operations.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Because our customer base is concentrated in the financial
    services industry, our business is largely dependent on the
    health of that industry. When there is a general downturn in the
    financial services industry, or if our customers in that
    industry experience financial or business problems, our business
    and financial results may suffer. If financial services firms
    continue to consolidate, there could be a material adverse
    effect on our business and financial results. When a customer
    merges with a firm using its own solution or another
    vendor&#146;s solution, they could decide to consolidate on a
    non-SunGard system, which could have an adverse effect on our
    financial results.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Our
    acquisition program is an important element of our strategy but,
    because of the uncertainties involved, this program may not be
    successful and we may not be able to successfully integrate and
    manage acquired businesses.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Part of our growth strategy is to pursue additional acquisitions
    in the future. There can be no assurance that our acquisition
    program will continue to be successful. In addition, we may
    finance any future acquisition
</DIV>
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    <BR>
    17
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    with debt, which would increase our overall levels of
    indebtedness and related interest costs. If we are unable to
    successfully integrate and manage acquired businesses, then our
    business and financial results may suffer. It is possible that
    the businesses we have acquired and businesses that we acquire
    in the future may perform worse than expected, be subject to an
    adverse litigation outcome or prove to be more difficult to
    integrate and manage than expected. If that happens, there may
    be a material adverse effect on our business and financial
    results for a number of reasons, including:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we may have to devote unanticipated financial and management
    resources to acquired businesses;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we may not be able to realize expected operating efficiencies or
    product integration benefits from our acquisitions;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we may have to write off goodwill or other intangible
    assets;&#160;and
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we may incur unforeseen obligations or liabilities (including
    assumed liabilities not fully indemnified by the seller) in
    connection with acquisitions.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">If we
    are unable to identify suitable acquisition candidates and
    successfully complete acquisitions, our growth may be adversely
    affected.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our growth has depended in part on our ability to acquire
    similar or complementary businesses on favorable terms. This
    growth strategy is subject to a number of risks that could
    adversely affect our business and financial results, including:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we may not be able to find suitable businesses to acquire at
    affordable valuations or on other acceptable terms;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we may face competition for acquisitions from other potential
    acquirers, some of whom may have greater resources than us or
    may be less highly leveraged, or from the possibility of an
    acquisition target pursuing an initial public offering of its
    stock;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we may have to incur additional debt to finance future
    acquisitions as we have done in the past and no assurance can be
    given as to whether, and on what terms, such additional debt
    will be available;&#160;and
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we may find it more difficult or costly to complete acquisitions
    due to changes in accounting, tax, securities or other
    regulations.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Catastrophic
    events may disrupt or otherwise adversely affect the markets in
    which we operate, our business and our
    profitability.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our business may be adversely affected by a war, terrorist
    attack, natural disaster or other catastrophe. A catastrophic
    event could have a direct negative impact on us or an indirect
    impact on us by, for example, affecting our customers, the
    financial markets or the overall economy. The potential for a
    direct impact is due primarily to our significant investment in
    our infrastructure. Although we maintain redundant facilities
    and have contingency plans in place to protect against both
    man-made and natural threats, it is impossible to fully
    anticipate and protect against all potential catastrophes.
    Despite our preparations, a security breach, criminal act,
    military action, power or communication failure, flood, severe
    storm or the like could lead to service interruptions and data
    losses for customers, disruptions to our operations, or damage
    to our important facilities. The same disasters or circumstances
    that may lead to our customers requiring access to our
    availability services may negatively impact our own ability to
    provide such services. Our three largest availability services
    facilities are particularly important, and a major disruption at
    one or more of those facilities could disrupt or otherwise
    impair our ability to provide services to our availability
    services customers. If any of these events happen, we may be
    exposed to unexpected liability, our customers may leave, our
    reputation may be tarnished, and there could be a material
    adverse effect on our business and financial results.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Our
    application service provider systems may be subject to
    disruptions that could adversely affect our reputation and our
    business.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our application service provider systems maintain and process
    confidential data on behalf of our customers, some of which is
    critical to their business operations. For example, our trading
    and brokerage and clearance systems maintain account and trading
    information for our customers and their clients, and our wealth
</DIV>
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    <BR>
    18
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    management and insurance systems maintain investor account
    information for retirement plans, insurance policies and mutual
    funds. There is no guarantee that the systems and procedures
    that we maintain to protect against unauthorized access to such
    information are adequate to protect against all security
    breaches. If our application service provider systems are
    disrupted or fail for any reason, or if our systems or
    facilities are infiltrated or damaged by unauthorized persons,
    our customers could experience data loss, financial loss, harm
    to reputation and significant business interruption. If that
    happens, we may be exposed to unexpected liability, our
    customers may leave, our reputation may be tarnished, and there
    could be a material adverse effect on our business and financial
    results.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Because
    the sales cycle for our software is typically lengthy and
    unpredictable, our results may fluctuate from period to
    period.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our operating results may fluctuate from period to period and be
    difficult to predict in a particular period due to the timing
    and magnitude of software sales. We offer a number of our
    software solutions on a license basis, which means that the
    customer has the right to run the software on its own computers.
    The customer usually makes a significant up-front payment to
    license software, which we generally recognize as revenue when
    the license contract is signed and the software is delivered.
    The size of the up-front payment often depends on a number of
    factors that are different for each customer, such as the number
    of customer locations, users or accounts. As a result, the sales
    cycle for a software license may be lengthy and take unexpected
    turns. Thus, it is difficult to predict when software sales will
    occur or how much revenue they will generate. Since there are
    few incremental costs associated with software sales, our
    operating results may fluctuate from quarter to quarter and year
    to year due to the timing and magnitude of software sales.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Rapid
    changes in technology and our customers&#146; businesses could
    adversely affect our business and financial
    results.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our business may suffer if we do not successfully adapt our
    products and services to changes in technology and changes in
    our customers&#146; businesses. These changes can occur rapidly
    and at unpredictable intervals and we may not be able to respond
    adequately. If we do not successfully update and integrate our
    products and services to adapt to these changes, or if we do not
    successfully develop new products and services needed by our
    customers to keep pace with these changes, then our business and
    financial results may suffer. Our ability to keep up with
    technology and business changes is subject to a number of risks,
    and we may find it difficult or costly to, among other things:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    update our products and services and to develop new products
    fast enough to meet our customers&#146; needs;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    make some features of our products and services work effectively
    and securely over the Internet;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    integrate more of our FS solutions;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    update our products and services to keep pace with business,
    regulatory and other developments in the financial services
    industry, where many of our customers operate; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    update our services to keep pace with advancements in hardware,
    software and telecommunications technology.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Some technological changes, such as advancements that have
    facilitated the ability of our AS customers to develop their own
    internal solutions, may render some of our products and services
    less valuable or eventually obsolete. In addition, because of
    ongoing, rapid technological changes, the useful lives of some
    technology assets have become shorter and customers are
    therefore replacing these assets more often. As a result, our
    customers are increasingly expressing a preference for contracts
    with shorter terms, which could make our revenue less
    predictable in the future.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Customers
    taking their information availability solutions in-house may
    continue to create pressure on our organic revenue growth
    rate.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our AS solutions allow customers to leverage our significant
    infrastructure and take advantage of our experience, technology
    expertise, resource management capabilities and vendor
    neutrality. Technological advances
</DIV>
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    <BR>
    19
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    in recent years have significantly reduced the cost and the
    complexity of developing in-house solutions. Some customers,
    especially among the very largest having significant IT
    resources, prefer to develop and maintain their own in-house
    availability solutions, which can result in a loss of revenue
    from those customers. If this trend continues or worsens, there
    will be continued pressure on our organic revenue growth rate.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">The
    trend toward information availability solutions utilizing more
    single customer dedicated resources likely will lower our
    overall operating margin rate over time.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the information availability services industry, especially
    among our more sophisticated customers, there is an increasing
    preference for solutions that utilize some level of dedicated
    resources, such as blended advanced recovery services and
    managed services. The primary reason for this trend is that
    adding dedicated resources, although more costly, provides
    greater control, reduces data loss and facilitates quicker
    responses to business interruptions. Advanced recovery services
    often result in greater use of dedicated resources with a modest
    decrease in operating margin rate. Managed services require
    significant dedicated resources and, therefore, have an
    appropriately lower operating margin rate.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Our
    brokerage operations are highly regulated and are riskier than
    our other businesses.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Organizations like the Securities and Exchange Commission,
    Financial Services Authority and Financial Industry Regulatory
    Authority can, among other things, fine, censure, issue
    <FONT style="white-space: nowrap">cease-and-desist</FONT>
    orders and suspend or expel a broker/dealer or any of its
    officers or employees for failures to comply with the many laws
    and regulations that govern brokerage operations. Our ability to
    comply with these laws and regulations is largely dependent on
    our establishment, maintenance and enforcement of an effective
    brokerage compliance program. Our failure to establish, maintain
    and enforce proper brokerage compliance procedures, even if
    unintentional, could subject us to significant losses, lead to
    disciplinary or other actions, and tarnish our reputation.
    Regulations affecting the brokerage industry, in particular with
    respect to active traders, may change, which could adversely
    affect our financial results.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are exposed to certain risks relating to the execution and
    clearance services provided by our brokerage operations to
    retail customers, institutional clients (including hedge funds
    and other broker-dealers), and proprietary traders. These risks
    include, but are not limited to, customers failing to pay for
    securities commitments in the marketplace, trading errors, the
    inability or failure to settle trades, and trade execution or
    clearance systems failures. In our other businesses, we
    generally can disclaim liability for trading losses that may be
    caused by our software, but in our brokerage operations, we
    cannot limit our liability for trading losses even when we are
    not at fault. As a result we may suffer losses that are
    disproportionate to the relatively modest profit contributions
    of this business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We
    could lose revenue due to &#147;fiscal funding&#148; or
    &#147;termination for convenience&#148; clauses in certain
    customer contracts, especially in our HE and PS
    businesses.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Certain of our customer contracts, particularly those with
    governments, institutions of higher education and school
    districts, may be partly or completely terminated by the
    customer due to budget cuts or sometimes for any reason at all.
    These types of clauses are often called &#147;fiscal
    funding&#148; or &#147;termination for convenience&#148;
    clauses. If a customer exercises one of these clauses, the
    customer would be obligated to pay for the services we performed
    up to the date of exercise, but would not have to pay for any
    further services. In addition, governments, institutions of
    higher education and school districts may require contract terms
    that differ from our standard terms. While we have not been
    materially affected by exercises of these clauses in the past or
    other unusual terms, we may be in the future. If customers that
    collectively represent a substantial portion of our revenue were
    to invoke the fiscal funding or termination for convenience
    clauses of their contracts, our future business and results of
    operations could be adversely affected.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">If we
    fail to comply with government regulations in connection with
    our business or providing technology services to certain
    financial institutions, our business and results of operations
    may be adversely affected.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Because we act as a third-party service provider to financial
    institutions and provide mission-critical applications for many
    financial institutions that are regulated by one or more member
    agencies of the Federal Financial Institutions Examination
    Council (&#147;FFIEC&#148;), we are subject to examination by
    the member agencies
</DIV>
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    <BR>
    20
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    of the FFIEC. More specifically, we are a Multi-Regional Data
    Processing Servicer of the FFIEC because we provide mission
    critical applications for financial institutions from several
    data centers located in different geographic regions. As a
    result, the FFIEC conducts periodic reviews of certain of our
    operations in order to identify existing or potential risks
    associated with our operations that could adversely affect the
    financial institutions to whom we provide services, evaluate our
    risk management systems and controls, and determine our
    compliance with applicable laws that affect the services we
    provide to financial institutions. In addition to examining
    areas such as our management of technology, data integrity,
    information confidentiality and service availability, the
    reviews also assess our financial stability. Our incurrence of
    significant debt in connection with the Transaction increases
    the risk of an FFIEC agency review determining that our
    financial stability has been weakened. A sufficiently
    unfavorable review from the FFIEC could result in our financial
    institution customers not being allowed to use our technology
    services, which could have a material adverse effect on our
    business and financial condition.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If we fail to comply with any regulations applicable to our
    business, we may be exposed to unexpected liability
    <FONT style="white-space: nowrap">and/or</FONT>
    governmental proceedings, our customers may leave, our
    reputation may be tarnished, and there could be a material
    adverse effect on our business and financial results. In
    addition, the future enactment of more restrictive laws or rules
    on the federal or state level, or, with respect to our
    international operations, in foreign jurisdictions on the
    national, provincial, state or other level, could have an
    adverse impact on business and financial results.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">If we
    are unable to retain or attract customers, our business and
    financial results will be adversely affected.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If we are unable to keep existing customers satisfied, sell
    additional products and services to existing customers or
    attract new customers, then our business and financial results
    may suffer. A variety of factors could affect our ability to
    successfully retain and attract customers, including the level
    of demand for our products and services, the level of customer
    spending for information technology, the level of competition
    from customers that develop their own solutions internally and
    from other vendors, the quality of our customer service, our
    ability to update our products and develop new products and
    services needed by customers, and our ability to integrate and
    manage acquired businesses. Further, the markets in which we
    operate are highly competitive and we may not be able to compete
    effectively. Our services revenue, which has been largely
    recurring in nature, comes from the sale of our products and
    services under fixed-term contracts. We do not have a unilateral
    right to extend these contracts when they expire. Revenue from
    our broker/dealer businesses is not subject to minimum or
    ongoing contractual commitments on the part of brokerage
    customers. If customers cancel or refuse to renew their
    contracts, or if customers reduce the usage levels or asset
    values under their contracts, there could be a material adverse
    effect on our business and financial results.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">If we
    fail to retain key employees, our business may be
    harmed.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our success depends on the skill, experience and dedication of
    our employees. If we are unable to retain and attract
    sufficiently experienced and capable personnel, especially in
    product development, sales and management, our business and
    financial results may suffer. For example, if we are unable to
    retain and attract a sufficient number of skilled technical
    personnel, our ability to develop high quality products and
    provide high quality customer service may be impaired.
    Experienced and capable personnel in the technology industry
    remain in high demand, and there is continual competition for
    their talents. When talented employees leave, we may have
    difficulty replacing them, and our business may suffer. There
    can be no assurance that we will be able to successfully retain
    and attract the personnel that we need.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We are
    subject to the risks of doing business
    internationally.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A portion of our revenue is generated outside the United States,
    primarily from customers located in the United Kingdom and
    Continental Europe. Over the past few years we have expanded our
    operations in India and acquired businesses in China and
    Singapore in an effort to increase our presence throughout Asia
    Pacific. Because we sell our services outside the United States,
    our business is subject to risks associated with doing
</DIV>
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    <BR>
    21
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    business internationally. Accordingly, our business and
    financial results could be adversely affected due to a variety
    of factors, including:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    changes in a specific country&#146;s or region&#146;s political
    and cultural climate or economic condition;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    unexpected changes in foreign laws and regulatory requirements;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    difficulty of effective enforcement of contractual provisions in
    local jurisdictions;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    inadequate intellectual property protection in foreign countries;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    trade-protection measures, import or export licensing
    requirements such as Export Administration Regulations
    promulgated by the U.S.&#160;Department of Commerce and fines,
    penalties or suspension or revocation of export privileges;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the effects of applicable foreign tax law and potentially
    adverse law changes;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    significant adverse changes in foreign currency exchange rates;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    longer accounts receivable cycles;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    managing a geographically dispersed workforce; and
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    difficulties associated with repatriating cash in a
    tax-efficient manner.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In foreign countries, particularly in those with developing
    economies, certain business practices may exist that are
    prohibited by laws and regulations applicable to us, such as the
    U.S. Foreign Corrupt Practices Act. Although our policies and
    procedures require compliance with these laws and are designed
    to facilitate compliance with these laws, our employees,
    contractors and agents may take actions in violation of
    applicable laws or our policies. Any such violation, even if
    prohibited by our policies, could have a material adverse effect
    on our business and reputation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">The
    private equity firms that acquired the Company
    (&#147;Sponsors&#148;) control us and may have conflicts of
    interest with us.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Investment funds associated with or designated by the Sponsors
    indirectly own, through their ownership in the Parent Companies,
    a substantial portion of our capital stock. As a result, the
    Sponsors have control over our decisions to enter into any
    corporate transaction regardless of whether noteholders believe
    that any such transaction is in their own best interests. For
    example, the Sponsors could cause us to make acquisitions or pay
    dividends that increase the amount of indebtedness that is
    secured or that is senior to our senior subordinated notes or to
    sell assets.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Additionally, the Sponsors are in the business of making
    investments in companies and may from time to time acquire and
    hold interests in businesses that compete directly or indirectly
    with us. One or more of the Sponsors may also pursue acquisition
    opportunities that may be complementary to our business and, as
    a result, those acquisition opportunities may not be available
    to us. So long as investment funds associated with or designated
    by the Sponsors continue to indirectly own a significant amount
    of the outstanding shares of our common stock, even if such
    amount is less than 50%, the Sponsors will continue to be able
    to strongly influence or effectively control our decisions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">If we
    are unable to protect our proprietary technologies and defend
    infringement claims, we could lose one of our competitive
    advantages and our business could be adversely
    affected.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our success depends in part on our ability to protect our
    proprietary products and services and to defend against
    infringement claims. If we are unable to do so, our business and
    financial results may suffer. To protect our proprietary
    technology, we rely upon a combination of copyright, patent,
    trademark and trade secret law, confidentiality restrictions in
    contracts with employees, customers and others, software
    security measures, and registered copyrights and patents.
    Despite our efforts to protect the proprietary technology,
    unauthorized persons may be able to copy, reverse engineer or
    otherwise use some of our technology. It also is possible that
    others will develop and market similar or better technology to
    compete with us. Furthermore, existing patent, copyright and
    trade secret laws may afford only limited protection, and the
    laws of certain countries do not protect proprietary technology
    as well as United States law. For these reasons, we may have
    difficulty protecting our proprietary technology against
    unauthorized copying or use. If any of these events happens,
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    there could be a material adverse effect on the value of our
    proprietary technology and on our business and financial
    results. In addition, litigation may be necessary to protect our
    proprietary technology. This type of litigation is often costly
    and time-consuming, with no assurance of success.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The software industry is characterized by the existence of a
    large number of patents and copyrights and by frequent
    litigation based on allegations of infringement or other
    violations of intellectual property rights. Some of our
    competitors or other third parties may have been more aggressive
    than us in applying for or obtaining patent protection for
    innovative proprietary technologies both in the United States
    and internationally In addition, we use a limited amount of open
    source software in our products and may use more open source
    software in the future. Because open source software is
    developed by numerous independent parties over whom we exercise
    no supervision or control, allegations of infringement for using
    open source software are possible. Although we monitor our use
    and our suppliers&#146; use of open source software to avoid
    subjecting our products to conditions we do not intend, the
    terms of many open source licenses have not been interpreted by
    United States or other courts, and there is a risk that these
    licenses could be construed in a manner that could impose
    unanticipated conditions or restrictions on our ability to
    commercialize our products.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a result of all of these factors, there can be no assurance
    that in the future third parties will not assert infringement
    claims against us (as they have already done in the past) and
    preclude us from using a technology in our products or require
    us to enter into royalty and licensing arrangements on terms
    that are not favorable to us, or force us to engage in costly
    infringement litigation, which could result in us paying
    monetary damages or being forced to redesign our products to
    avoid infringement. Additionally, our licenses and service
    agreements with our customers generally provide that we will
    defend and indemnify them for claims against them relating to
    our alleged infringement of the intellectual property rights of
    third parties with respect to our products or services. We might
    have to defend or indemnify our customers to the extent they are
    subject to these types of claims. Any of these claims may be
    difficult and costly to defend and may lead to unfavorable
    judgments or settlements, which could have a material adverse
    effect on our reputation, business and financial results. For
    these reasons, we may find it difficult or costly to add or
    retain important features in our products and services.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Defects,
    design errors or security flaws in our products could harm our
    reputation and expose us to potential liability.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Most of our products are very complex software systems that are
    regularly updated. No matter how careful the design and
    development, complex software often contains errors and defects
    when first introduced and when major new updates or enhancements
    are released. If errors or defects are discovered in our current
    or future products, we may not be able to correct them in a
    timely manner, if at all. In our development of updates and
    enhancements to our products, we may make a major design error
    that makes the product operate incorrectly or less efficiently.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, certain of our products include security features
    that are intended to protect the privacy and integrity of
    customer data. Despite these security features, our products and
    systems, and our customers&#146; systems may be vulnerable to
    break-ins and similar problems caused by third parties, such as
    hackers bypassing firewalls and misappropriating confidential
    information. Such break-ins or other disruptions could
    jeopardize the security of information stored in and transmitted
    through our computer systems and those of our customers, subject
    us to liability and tarnish our reputation. We may need to
    expend significant capital resources in order to eliminate or
    work around errors, defects, design errors or security problems.
    Any one of these problems in our products may result in the loss
    of or a delay in market acceptance of our products, the
    diversion of development resources, a lower rate of license
    renewals or upgrades and damage to our reputation, and in turn
    may increase service and warranty costs.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">A
    material weakness in our internal controls could have a material
    adverse affect on us.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Effective internal controls are necessary for us to provide
    reasonable assurance with respect to our financial reports and
    to effectively prevent fraud. If we cannot provide reasonable
    assurance with respect to our financial reports and effectively
    prevent fraud, our reputation and operating results could be
    harmed. Pursuant to the Sarbanes-Oxley Act of 2002, we are
    required to furnish a report by management on internal control
    over financial reporting, including management&#146;s assessment
    of the effectiveness of such control.
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Internal control over financial reporting may not prevent or
    detect misstatements because of its inherent limitations,
    including the possibility of human error, the circumvention or
    overriding of controls, or fraud. Further, the complexities of
    our quarter-and year-end closing processes increase the risk
    that a weakness in internal controls over financial reporting
    may go undetected. Therefore, even effective internal controls
    can provide only reasonable assurance with respect to the
    preparation and fair presentation of financial statements. In
    addition, projections of any evaluation of effectiveness of
    internal control over financial reporting to future periods are
    subject to the risk that the control may become inadequate
    because of changes in conditions, or that the degree of
    compliance with the policies or procedures may deteriorate. If
    we fail to maintain the adequacy of our internal controls,
    including any failure to implement required new or improved
    controls, or if we experience difficulties in their
    implementation, we could fail to meet our reporting obligations,
    and there could be a material adverse effect on our business and
    financial results.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">
    Unanticipated changes in our tax provision or the adoption of
    new tax legislation could affect our profitability or cash
    flow.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are subject to income taxes in the United States and many
    foreign jurisdictions. Significant judgment is required in
    determining our worldwide provision for income taxes. We
    regularly are under audit by tax authorities. Although we
    believe our tax provision is reasonable, the final determination
    of our tax liability could be materially different from our
    historical income tax provisions, which could have a material
    effect on our financial position, results of operations or cash
    flows. In addition, tax-law amendments in the U.S. and other
    jurisdictions could significantly impact how U.S. multinational
    corporations are taxed. Although we cannot predict whether or in
    what form such legislation will pass, if enacted it could have
    an adverse effect on our business and financial results.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Risks
    Relating to the Notes</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We may
    not be able to generate sufficient cash to service all of our
    indebtedness, including the notes, and may be forced to take
    other actions to satisfy our obligations under our indebtedness,
    which may not be successful.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our ability to make scheduled payments or to refinance our debt
    obligations depends on our financial and operating performance,
    which is subject to prevailing economic and competitive
    conditions and to certain financial, business and other factors
    beyond our control. We may not be able to maintain a level of
    cash flows from operating activities sufficient to permit us to
    pay the principal, premium, if any, and interest on our
    indebtedness. See &#147;Management&#146;s Discussion and
    Analysis of Financial Condition and Results of
    Operations&#160;&#151; Liquidity and Capital Resources.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If our cash flows and capital resources are insufficient to fund
    our debt service obligations, we may be forced to reduce or
    delay capital expenditures, seek additional capital or seek to
    restructure or refinance our indebtedness, including the notes.
    These alternative measures may not be successful and may not
    permit us to meet our scheduled debt service obligations. In the
    absence of such operating results and resources, we could face
    substantial liquidity problems and might be required to sell
    material assets or operations to attempt to meet our debt
    service and other obligations. The senior secured credit
    facilities and the indentures under which the notes are issued
    restrict our ability to use the proceeds from asset sales. We
    may not be able to consummate those asset sales to raise capital
    or sell assets at prices that we believe are fair and proceeds
    that we do receive may not be adequate to meet any debt service
    obligations then due. See &#147;Description of Other
    Indebtedness&#160;&#151; Senior Credit Facilities,&#148;
    &#147;Description of Senior Notes Due 2013&#148;,
    &#147;Description of Senior Notes Due 2015&#148; and
    &#147;Description of Senior Subordinated Notes.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Your
    right to receive payments on each series of notes is effectively
    junior to those lenders who have a security interest in our
    assets.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our obligations under the notes and our guarantors&#146;
    obligations under their guarantees of the notes are unsecured,
    but our obligations under our senior secured credit facilities
    and senior secured notes and each guarantor&#146;s obligations
    under their respective guarantees of the senior secured credit
    facilities and senior secured notes are secured by a security
    interest in substantially all of our domestic tangible and, in
    the case of
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the senior secured credit facilities, intangible assets,
    including the stock of most of our wholly owned
    U.S.&#160;subsidiaries, and the assets and a portion of the
    stock of certain of our
    <FONT style="white-space: nowrap">non-U.S.&#160;subsidiaries.</FONT>
    If we are declared bankrupt or insolvent, or if we default under
    our senior secured credit agreement, the lenders could declare
    all of the funds borrowed thereunder, together with accrued
    interest, immediately due and payable. If we were unable to
    repay such indebtedness, the lenders could foreclose on the
    pledged assets to the exclusion of holders of the notes, even if
    an event of default exists under the indentures governing the
    notes offered hereby at such time. Furthermore, if the lenders
    foreclose and sell the pledged equity interests in any
    subsidiary guarantor under the notes, then that guarantor will
    be released from its guarantee of the notes automatically and
    immediately upon such sale. In any such event, because the notes
    will not be secured by any of our assets or the equity interests
    in subsidiary guarantors, it is possible that there would be no
    assets remaining from which your claims could be satisfied or,
    if any assets remained, they might be insufficient to satisfy
    your claims fully. See &#147;Description of Other
    Indebtedness.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2009, we had $4,967&#160;million of
    senior secured indebtedness (which includes $250&#160;million
    face amount of our senior secured notes that are recorded at
    $234&#160;million), all of which was indebtedness under our
    senior secured credit facilities and senior secured notes and
    which does not include availability of $804&#160;million under
    our revolving credit facility after giving effect to certain
    outstanding letters of credit. The indentures governing the
    notes offered hereby permit us and our restricted subsidiaries
    to incur substantial additional indebtedness in the future,
    including senior secured indebtedness.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Claims
    of noteholders will be structurally subordinate to claims of
    creditors of all of our
    <FONT style="white-space: nowrap">non-U.S.</FONT>
    subsidiaries and some of our U.S. subsidiaries because they will
    not guarantee the notes.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The notes will not be guaranteed by any of our
    <FONT style="white-space: nowrap">non-U.S.&#160;subsidiaries,</FONT>
    our less than wholly owned U.S.&#160;subsidiaries, our
    receivables subsidiaries or certain other
    U.S.&#160;subsidiaries. Accordingly, claims of holders of the
    notes will be structurally subordinate to the claims of
    creditors of these non-guarantor subsidiaries, including trade
    creditors. All obligations of our non-guarantor subsidiaries
    will have to be satisfied before any of the assets of such
    subsidiaries would be available for distribution, upon a
    liquidation or otherwise, to us or a guarantor of the notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our non-guarantor subsidiaries accounted for approximately
    $2,182&#160;million, or 40%, of our total revenue, and
    approximately $283&#160;million, or 20%, of our total EBITDA, as
    of December&#160;31, 2009, and approximately $4.09&#160;billion,
    or 29%, of our total assets, and approximately
    $1.75&#160;billion, or 15%, of our total liabilities, as of
    December&#160;31, 2009.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Your
    right to receive payments on the senior subordinated notes will
    be junior to the rights of the lenders under our senior secured
    credit facilities and all of our other senior debt and any of
    our future senior indebtedness.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The senior subordinated notes will be general unsecured
    obligations that will be junior in right of payment to all of
    our existing and future senior indebtedness. As of
    December&#160;31, 2009, we had approximately $7,067&#160;million
    of senior indebtedness (including $250&#160;million face amount
    of our senior secured notes that are recorded at
    $234&#160;million). An additional $804&#160;million is available
    to be drawn under our revolving credit facility after giving
    effect to certain outstanding letters of credit.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We may not pay principal, premium, if any, interest or other
    amounts on account of the senior subordinated notes in the event
    of a payment default or certain other defaults in respect of
    certain of our senior indebtedness, including debt under the
    senior secured credit facilities, unless the senior indebtedness
    has been paid in full or the default has been cured or waived.
    In addition, in the event of certain other defaults with respect
    to the senior indebtedness, we may not be permitted to pay any
    amount on account of the senior subordinated notes for a
    designated period of time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Because of the subordination provisions in the senior
    subordinated notes, in the event of our bankruptcy, liquidation
    or dissolution, our assets will not be available to pay
    obligations under the senior subordinated notes until we have
    made all payments in cash on our senior indebtedness. We cannot
    assure you that sufficient assets will remain after all these
    payments have been made to make any payments on the senior
    subordinated notes, including payments of principal or interest
    when due.
</DIV>
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<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">If we
    default on our obligations to pay our indebtedness, we may not
    be able to make payments on the notes.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any default under the agreements governing our indebtedness,
    including a default under the senior secured credit agreement,
    that is not waived by the required lenders, and the remedies
    sought by the holders of such indebtedness, could prevent us
    from paying principal, premium, if any, and interest on the
    notes and substantially decrease the market value of the notes.
    If we are unable to generate sufficient cash flow and are
    otherwise unable to obtain funds necessary to meet required
    payments of principal, premium, if any, and interest on our
    indebtedness, or if we otherwise fail to comply with the various
    covenants, including financial and operating covenants, in the
    instruments governing our indebtedness (including covenants in
    our senior secured credit facilities and the indentures
    governing the notes offered hereby), we could be in default
    under the terms of the agreements governing such indebtedness,
    including our senior secured credit agreement and the indentures
    governing the notes offered hereby. In the event of such
    default, the holders of such indebtedness could elect to declare
    all the funds borrowed thereunder to be due and payable,
    together with accrued and unpaid interest, the lenders under our
    senior secured credit facilities could elect to terminate their
    commitments thereunder, cease making further loans and institute
    foreclosure proceedings against our assets, and we could be
    forced into bankruptcy or liquidation. If our operating
    performance declines, we may in the future need to obtain
    waivers from the required lenders under our senior secured
    credit facilities to avoid being in default. If we breach our
    covenants under our senior secured credit facilities and seek a
    waiver, we may not be able to obtain a waiver from the required
    lenders. If this occurs, we would be in default under our senior
    secured credit agreement, the lenders could exercise their
    rights, as described above, and we could be forced into
    bankruptcy or liquidation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We may
    not be able to repurchase the notes upon a change of
    control.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the occurrence of specific kinds of change of control
    events, we will be required to offer to repurchase all
    outstanding notes at 101% of their principal amount plus accrued
    and unpaid interest. The source of funds for any such purchase
    of the notes will be our available cash or cash generated from
    our subsidiaries&#146; operations or other sources, including
    borrowings, sales of assets or sales of equity. We may not be
    able to repurchase the notes upon a change of control because we
    may not have sufficient financial resources to purchase all of
    the notes that are tendered upon a change of control. Further,
    we will be contractually restricted under the terms of our
    senior secured credit agreement from repurchasing all of the
    notes tendered by holders upon a change of control. Accordingly,
    we may not be able to satisfy our obligations to purchase the
    notes unless we are able to refinance or obtain waivers under
    our senior secured credit agreement. Our failure to repurchase
    the notes upon a change of control would cause a default under
    the indentures governing the notes offered hereby and a
    cross-default under the senior secured credit agreement. The
    senior secured credit agreement also provides that a change of
    control will be a default that permits lenders to accelerate the
    maturity of borrowings thereunder. Any of our future debt
    agreements may contain similar provisions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">The
    lenders under the senior secured credit facilities will have the
    discretion to release the guarantors under the senior secured
    credit agreement in a variety of circumstances, which will cause
    those guarantors to be released from their guarantees of the
    notes.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    While any obligations under the senior secured credit facilities
    remain outstanding, any guarantee of the notes may be released
    without action by, or consent of, any holder of the notes or the
    trustee under the indentures governing the notes offered hereby,
    at the discretion of lenders under the senior secured credit
    facilities, if the related guarantor is no longer a guarantor of
    obligations under the senior secured credit facilities or any
    other indebtedness. See &#147;Description of Senior Notes Due
    2013, Description of Senior Notes Due 2015&#148; and
    &#147;Description of Senior Subordinated Notes.&#148; The
    lenders under the senior secured credit facilities will have the
    discretion to release the guarantees under the senior secured
    credit facilities in a variety of circumstances. You will not
    have a claim as a creditor against any subsidiary that is no
    longer a guarantor of the notes, and the indebtedness and other
    liabilities, including trade payables, whether secured or
    unsecured, of those subsidiaries will effectively be senior to
    claims of noteholders.
</DIV>
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    <BR>
    26
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Federal
    and state fraudulent transfer laws may permit a court to void
    the notes and the related guarantees of the notes, and, if that
    occurs, you may not receive any payments on the
    notes.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Federal and state fraudulent transfer and conveyance statutes
    may apply to the issuance of the notes and the incurrence of the
    related guarantees. Under federal bankruptcy law and comparable
    provisions of state fraudulent transfer or conveyance laws,
    which may vary from state to state, the notes or related
    guarantees could be voided as a fraudulent transfer or
    conveyance if (1)&#160;we or any of the guarantors, as
    applicable, issued the notes or incurred the related guarantees
    with the intent of hindering, delaying or defrauding creditors
    or (2)&#160;we or any of the guarantors, as applicable, received
    less than reasonably equivalent value or fair consideration in
    return for either issuing the notes or incurring the related
    guarantees and, in the case of (2)&#160;only, one of the
    following is also true at the time thereof:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we or any of the guarantors, as applicable, were insolvent or
    rendered insolvent by reason of the issuance of the notes or the
    incurrence of the related guarantees;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the issuance of the notes or the incurrence of the related
    guarantees left us or any of the guarantors, as applicable, with
    an unreasonably small amount of capital to carry on the business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we or any of the guarantors intended to, or believed that we or
    such guarantor would, incur debts beyond our or such
    guarantor&#146;s ability to pay as they mature;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we or any of the guarantors was a defendant in an action for
    money damages, or had a judgment for money damages docketed
    against us or such guarantor if, in either case, after final
    judgment, the judgment is unsatisfied.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If a court were to find that the issuance of the notes or the
    incurrence of the related guarantees was a fraudulent transfer
    or conveyance, the court could void the payment obligations
    under the notes or such related guarantees or further
    subordinate the notes or such related guarantees to presently
    existing and future indebtedness of ours or of the related
    guarantor, or require the holders of the notes to repay any
    amounts received with respect to such related guarantees. In the
    event of a finding that a fraudulent transfer or conveyance
    occurred, you may not receive any repayment on the notes.
    Further, the voidance of the notes could result in an event of
    default with respect to our and our subsidiaries&#146; other
    debt that could result in acceleration of such debt.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a general matter, value is given for a transfer or an
    obligation if, in exchange for the transfer or obligation,
    property is transferred or an antecedent debt is secured or
    satisfied. A debtor will generally not be considered to have
    received value in connection with a debt offering if the debtor
    uses the proceeds of that offering to make a dividend payment or
    otherwise retire or redeem equity securities issued by the
    debtor.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We cannot be certain as to the standards a court would use to
    determine whether or not we or the guarantors were solvent at
    the relevant time or, regardless of the standard that a court
    uses, that the issuance of the related guarantees would not be
    further subordinated to our or any of our guarantors&#146; other
    debt. Generally, however, an entity would be considered solvent
    if, at the time it incurred indebtedness:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the sum of its debts, including contingent liabilities, was
    greater than the fair saleable value of all its assets;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the present fair saleable value of its assets was less than the
    amount that would be required to pay its probable liability on
    its existing debts, including contingent liabilities, as they
    become absolute and mature;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    it could not pay its debts as they become due.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Your
    ability to transfer the notes may be limited by the absence of
    an active trading market, and there is no assurance that any
    active trading market will develop for the notes.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We do not intend to apply for a listing of the notes on a
    securities exchange or on any automated dealer quotation system.
    There is currently no established market for the notes and we
    cannot assure you as to the liquidity of markets that may
    develop for the notes, your ability to sell the notes or the
    price at which you
</DIV>
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    <BR>
    27
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    would be able to sell the notes. If such markets were to exist,
    the notes could trade at prices that may be lower than their
    principal amount or purchase price depending on many factors,
    including prevailing interest rates, the market for similar
    notes, our financial and operating performance and other
    factors. The initial purchasers have advised us that they
    currently intend to make a market with respect to the notes.
    However, these initial purchasers are not obligated to do so,
    and any market making with respect to the notes may be
    discontinued at any time without notice. Therefore, we cannot
    assure you that an active market for the notes will develop or,
    if developed, that it will continue. Historically, the market
    for non-investment grade debt has been subject to disruptions
    that have caused substantial volatility in the prices of
    securities similar to the notes. The market, if any, for the
    notes may experience similar disruptions and any such
    disruptions may adversely affect the prices at which you may
    sell your notes.
</DIV>

<A name='104'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">FORWARD-LOOKING
    STATEMENTS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This prospectus contains &#147;forward-looking statements&#148;
    within the meaning of the federal securities laws, which involve
    risks and uncertainties. You can identify forward-looking
    statements because they contain words such as
    &#147;believes,&#148; &#147;expects,&#148; &#147;may,&#148;
    &#147;will,&#148; &#147;should,&#148; &#147;seeks,&#148;
    &#147;approximately,&#148; &#147;intends,&#148;
    &#147;plans,&#148; &#147;estimates,&#148; or
    &#147;anticipates&#148; or similar expressions that concern our
    strategy, plans or intentions. All statements we make relating
    to estimated and projected earnings, margins, costs,
    expenditures, cash flows, growth rates and financial results are
    forward-looking statements. In addition, we, through our senior
    management, from time to time make forward-looking public
    statements concerning our expected future operations and
    performance and other developments. All of these forward-looking
    statements are subject to risks and uncertainties that may
    change at any time, and, therefore, our actual results may
    differ materially from those we expected. We derive most of our
    forward-looking statements from our operating budgets and
    forecasts, which are based upon many detailed assumptions. While
    we believe that our assumptions are reasonable, we caution that
    it is very difficult to predict the impact of known factors,
    and, of course, it is impossible for us to anticipate all
    factors that could affect our actual results. Important factors
    that could cause actual results to differ materially from our
    expectations (&#147;cautionary statements&#148;) are disclosed
    under &#147;Risk Factors&#148; and elsewhere in this prospectus,
    including, without limitation, in conjunction with the
    forward-looking statements included in this prospectus. All
    subsequent written and oral forward-looking statements
    attributable to us, or persons acting on our behalf, are
    expressly qualified in their entirety by the cautionary
    statements. Some of the factors that we believe could affect our
    results include:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    our high degree of debt-related leverage
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    general economic and market conditions;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the condition of the financial services industry, including the
    effect of any further consolidation among financial services
    firms;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the integration of acquired businesses, the performance of
    acquired businesses and the prospects for future acquisitions;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the effect of war, terrorism, natural disasters or other
    catastrophic events;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the effect of disruptions to our systems and infrastructure;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the timing and magnitude of software sales;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the timing and scope of technological advances;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    customers taking their information availability solutions
    in-house;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the trend in information availability toward solutions utilizing
    more dedicated resources;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the market and credit risks associated with clearing broker
    operations;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the ability to retain and attract customers and key personnel;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    risks relating to the foreign countries where we transact
    business;
</TD>
</TR>

</TABLE>
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    <BR>
    28
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the ability to obtain patent protection and avoid patent-related
    liabilities in the context of a rapidly developing legal
    framework for software and business-method patents;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a material weakness in our internal controls;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    unanticipated changes in our tax provisions or the adoption of
    new tax legislation;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the other factors set forth under &#147;Risk Factors.&#148;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We caution you that the foregoing list of important factors may
    not contain all of the material factors that are important to
    you. In addition, in light of these risks and uncertainties, the
    matters referred to in the forward-looking statements contained
    in this prospectus may not in fact occur. We undertake no
    obligation to publicly update any written or oral
    forward-looking statements made by us or on our behalf as a
    result of new information, future events or otherwise, except as
    otherwise required by law.
</DIV>

<A name='105'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">USE OF
    PROCEEDS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This prospectus is delivered in connection with the sale of
    notes by Goldman, Sachs&#160;&#038; Co. in market-making
    transactions. We will not receive any of the proceeds from such
    transactions.
</DIV>

<A name='106'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CASH AND
    CAPITALIZATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="83%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="7%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>As of December&#160;31,<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>(Dollars in millions)</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    664
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Debt:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Senior secured credit facilities:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Revolving credit
    facility<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Term loan
    facilities<SUP style="font-size: 85%; vertical-align: top">(2)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,717
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Senior
    notes<SUP style="font-size: 85%; vertical-align: top">(3)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,100
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Senior subordinated notes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Senior secured
    notes<SUP style="font-size: 85%; vertical-align: top">(4)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    250
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Receivables
    facility<SUP style="font-size: 85%; vertical-align: top">(5)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    250
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Other existing
    debt<SUP style="font-size: 85%; vertical-align: top">(6)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,336
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,067
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total capitalization
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    10,403
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Upon the closing of the Transaction, we entered into a
    $1,000&#160;million senior secured revolving credit facility
    with a six-year maturity, $149&#160;million of which was drawn
    on the closing date of the Transaction. On June&#160;9, 2009, we
    amended the senior secured credit facilities to, among other
    things, change certain terms and covenants, reduce existing
    revolving credit commitments to $829&#160;million from
    $1&#160;billion, and extend a portion ($580&#160;million) of the
    senior secured revolving credit facility to May&#160;11, 2013.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Upon the closing of the Transaction, we entered into
    $4,000&#160;million-equivalent of senior secured term loan
    facilities, comprised of a $3,685&#160;million facility with
    SunGard as the borrower and $315&#160;million-equivalent
    facilities with a newly formed U.K. subsidiary as the borrower,
    $165&#160;million of which is denominated in euros and
    $150&#160;million of which is denominated in pounds sterling,
    with a
    <FONT style="white-space: nowrap">seven-and-a-half-year</FONT>
    maturity. On February&#160;28, 2007, we amended the senior
    secured credit facilities to, among other things, increase the
    amount of term loan borrowings of SunGard Data Systems Inc. by
    $400&#160;million. Additional borrowings were used to redeem our
    outstanding floating rate notes. On September&#160;29, 2008, we
    amended the senior secured credit facilities to, among other
    things, increase the amount of term loan borrowings of SunGard </TD>
</TR>
<!-- XBRL Paragraph Pagebreak -->

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    29
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    Data Systems Inc. by $500&#160;million. On June&#160;9, 2009, we
    amended the senior secured credit facilities to, among other
    things, change certain terms and covenants and extend a portion
    of the senior secured term loan facility to February&#160;16,
    2016.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    The original issuance of the senior notes upon the closing of
    the Transaction included $400&#160;million of floating rate
    notes. On March&#160;26, 2007, we redeemed all outstanding
    floating rate notes in accordance with the indenture governing
    the senior notes with the proceeds of additional borrowings
    under the senior secured term loan facilities. On
    September&#160;29, 2008 we issued at a $6&#160;million discount,
    $500&#160;million senior notes due 2015 and used the proceeds of
    that offering and borrowings under the $500&#160;million
    incremental senior secured term facility to purchase GL Trade SA
    and to repay the senior secured notes due 2009 at maturity. As
    of December&#160;31, 2009, the senior notes due 2015 are
    recorded at $495&#160;million.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Consists of $250&#160;million face amount of 4.875%&#160;senior
    notes due 2014. Upon consummation of the Transaction, the senior
    secured notes became secured on an equal and ratable basis with
    loans under the senior secured credit facilities to the extent
    required by the indenture governing the senior secured notes and
    are guaranteed by all our subsidiaries that guarantee the notes.
    The senior secured notes are recorded at $234&#160;million as of
    December&#160;31, 2009 as a result of fair value adjustments
    related to purchase accounting. The discount of $16&#160;million
    on the senior secured notes will continue to be amortized into
    interest expense and added to the recorded amount over the
    remaining period up to their maturity date.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    In March 2009 the Company entered into a syndicated receivables
    facility with an initial maximum commitment of
    $250&#160;million. In May 2009 the size of the receivables
    facility was increased by $66.5&#160;million.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    Consists of payment obligations relating to historical
    acquisitions and capital lease obligations.</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    30
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='107'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SELECTED
    HISTORICAL CONSOLIDATED FINANCIAL INFORMATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table sets forth selected historical consolidated
    financial data of SunGard Data Systems Inc. as of the dates and
    for the periods indicated. The selected historical consolidated
    financial data as of December&#160;31, 2008 and 2009 and for the
    years ended December&#160;31, 2007, 2008 and 2009 have been
    derived from our audited consolidated financial statements and
    related notes appearing elsewhere in this prospectus. The
    selected historical consolidated financial data as of
    December&#160;31, 2005, 2006 and 2007 and for the periods from
    January&#160;1, 2005 through August&#160;10, 2005 and
    August&#160;11, 2005 through December&#160;31, 2005 and for the
    year ended December&#160;31, 2006 presented in this table have
    been derived from audited consolidated financial statements not
    included in this prospectus. The selected historical
    consolidated financial data set forth below should be read in
    conjunction with, and are qualified by reference to,
    &#147;Management&#146;s Discussion and Analysis of Financial
    Condition and Results of Operations&#148; and the consolidated
    financial statements and related notes thereto appearing
    elsewhere in this prospectus.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="40%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Predecessor</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="19" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Successor</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>January&#160;1<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>August&#160;11<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>August&#160;10,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2005</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2005</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="27" align="center" valign="bottom">
    <B>(Dollars in millions)</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Statement of Operations Data:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,371
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,631
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,323
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,901
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,596
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,508
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Operating costs and expenses:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 17pt">
    Cost of sales and direct operating
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,119
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    741
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,980
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,268
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,744
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,709
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 17pt">
    Sales, marketing and administration
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    456
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    343
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    915
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,042
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,151
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,112
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 17pt">
    Product development
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    154
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    96
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    255
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    271
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    308
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    302
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 17pt">
    Depreciation and amortization
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    141
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    89
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    238
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    251
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    278
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    291
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 17pt">
    Amortization of acquisition-related intangible assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    84
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    147
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    399
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    438
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    515
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    540
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 17pt">
    Goodwill impairment charge and merger
    costs<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    121
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    130
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,130
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Total operating costs and expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,075
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,434
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,791
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,270
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,126
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,084
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Income from operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    296
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    197
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    532
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    631
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    470
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (576
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 17pt">
    Interest income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 17pt">
    Interest expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (17
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (248
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (656
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (645
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (599
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (637
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 17pt">
    Other income
    (expense)<SUP style="font-size: 85%; vertical-align: top">(2)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (17
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (29
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (68
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (93
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Income (loss) before income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    288
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (62
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (139
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (63
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (204
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,191
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 17pt">
    Income tax (expense) benefit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (142
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (38
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    73
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Net income (loss)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    146
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (29
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (118
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (60
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (242
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,118
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    31
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<!-- XBRL Table Pagebreak -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="40%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Predecessor</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="19" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Successor</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>January&#160;1<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>August&#160;11<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>August&#160;10,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2005</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2005</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="27" align="center" valign="bottom">
    <B>(Dollars in millions)</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Balance Sheet Data:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    317
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    316
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    427
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    975
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    664
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Total assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14,587
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14,671
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14,840
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15,778
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13,980
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Total debt (including current portion of long-term debt)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,429
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,439
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,485
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,875
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,315
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Total stockholders&#146; equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,572
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,574
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,556
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,063
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,067
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Statement of Cash Flows Data:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Net cash provided by (used in):
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Operating activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    571
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    705
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    491
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    701
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    385
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    639
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Investing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (569
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (11,800
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (469
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (564
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,109
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (333
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Financing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    329
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10,406
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (48
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (32
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,303
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (628
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Other Financial Data:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    EBITDA<SUP style="font-size: 85%; vertical-align: top">(3)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    521
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    416
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,140
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,252
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,298
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,396
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Items included in EBITDA:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 17pt">
    Merger
    costs<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    121
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Capital expenditures,
    net<SUP style="font-size: 85%; vertical-align: top">(4)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    155
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    119
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    312
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    307
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    392
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    327
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Ratio of earnings to fixed
    charges<SUP style="font-size: 85%; vertical-align: top">(5)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6.2
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    During the period from January 1 through August&#160;10, 2005,
    we recorded merger costs of $121&#160;million, primarily
    $59&#160;million of accounting, investment banking, legal and
    other costs associated with the Transaction and a non-cash
    charge for stock compensation of approximately $59&#160;million
    resulting from the acceleration of stock options and restricted
    stock. During the period from August 11 through
    December&#160;31, 2005, we recorded merger costs of
    $18&#160;million consisting primarily of payroll taxes and
    certain compensation expenses related to the Transaction. During
    2008, we recorded $128&#160;million of goodwill impairment in
    the PS segment, and $2&#160;million of merger costs. During
    2009, we recorded $1,126&#160;million of goodwill impairment in
    the AS segment and $4&#160;million of merger costs.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    During the period from August 11 through December&#160;31, 2005,
    we recorded $17&#160;million related to the loss on sale of the
    receivables and discount on retained interests in connection
    with the accounts receivable securitization program. During
    2006, we recorded $29&#160;million related to the loss on sale
    of the receivables and discount on retained interests in
    connection with the accounts receivable securitization program.
    During 2007, we recorded $29&#160;million related to the loss on
    sale of the receivables and discount on retained interests in
    connection with the accounts receivable securitization program
    and $28&#160;million associated with the early retirement of the
    $400&#160;million of senior floating rate notes due 2013, of
    which $19&#160;million represented the retirement premium paid
    to the noteholders. During 2008, we recorded $46&#160;million in
    foreign exchange losses relating to our Euro denominated term
    loan, $25&#160;million related to the loss on sale of the
    receivables and discount on retained interests in connection
    with the accounts receivable securitization program,
    $10&#160;million related to hedge settlements associated with
    the GL TRADE acquisition and $7&#160;million related to unused
    alternative financing commitments for the GL TRADE acquisition.
    During 2009, we recorded $14&#160;million in foreign currency
    translation gains related to our Euro denominated term loan.</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    32
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    EBITDA is calculated as follows:</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="49%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Predecessor</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="23" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Successor</B>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>January&#160;1<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>August&#160;11<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="15" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>August&#160;10,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="15" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>December&#160;31,</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2005</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2005</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="27" nowrap align="center" valign="bottom">
    <B>(Dollars in millions)</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Net income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    146
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (29
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (118
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (60
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (242
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,118
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Interest expense, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    242
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    642
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    626
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    581
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    630
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    142
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (33
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (21
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    38
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (73
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Depreciation and amortization
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    225
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    236
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    637
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    689
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    793
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    831
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Goodwill impairment charge
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    128
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,126
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    EBITDA
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    521
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    416
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,140
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,252
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,298
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,396
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    EBITDA, a measure used by management to measure operating
    performance, is defined as net income plus interest, taxes,
    depreciation and amortization and goodwill impairment. EBITDA is
    not a recognized term under GAAP and does not purport to be an
    alternative to net income as a measure of operating performance
    or to cash flows from operating activities as a measure of
    liquidity. Additionally, EBITDA is not intended to be a measure
    of free cash flow available for management&#146;s discretionary
    use, as it does not consider certain cash requirements such as
    interest payments, tax payments and debt service requirements.
    Management believes EBITDA is helpful in highlighting trends
    because EBITDA can differ significantly from company to company
    depending on long-term strategic decisions regarding capital
    structure, the tax jurisdictions in which companies operate and
    capital investments. In addition, EBITDA provides more
    comparability between the historical results of SunGard and
    results that reflect purchase accounting and the new capital
    structure. Management compensates for the limitations of using
    non-GAAP financial measures by using them to supplement GAAP
    results to provide a more complete understanding of the factors
    and trends affecting the business than GAAP results alone.
    Because not all companies use identical calculations, these
    presentations of EBITDA may not be comparable to other similarly
    titled measures of other companies.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Capital expenditures represent net cash paid for property and
    equipment as well as software and other assets.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    For purposes of calculating the ratio of earnings to fixed
    charges, earnings consist of income before income taxes plus
    fixed charges. Fixed charges include: interest expense, whether
    expensed or capitalized; amortization of debt issuance cost; and
    the portion of rental expense representative of the interest
    factor. Earnings for the period August 11 to December&#160;31,
    2005 and for the years ended 2006, 2007, 2008 and 2009 were
    inadequate to cover fixed charges by $62&#160;million,
    $139&#160;million, $63&#160;million, $204&#160;million, and
    $1,191&#160;million, respectively.</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    33
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='108'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">MANAGEMENT&#146;S
    DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION<BR>
    AND RESULTS OF OPERATIONS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Overview</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are one of the world&#146;s leading software and technology
    services companies. We provide software and processing solutions
    to institutions throughout the financial services industry,
    higher education, and the public sector; and we help enterprises
    of all types maintain the continuity of their business through
    information availability services. We support more than 25,000
    customers in over 70 countries. We operate our business in four
    segments: Financial Systems (&#147;FS&#148;), Higher Education
    (&#147;HE&#148;), Public Sector (&#147;PS&#148;) and
    Availability Services (&#147;AS&#148;). Our FS segment primarily
    serves financial services companies, corporate and government
    treasury departments and energy companies. Our HE segment
    primarily serves higher education institutions. Our PS segment
    primarily serves state and local governments and
    <FONT style="white-space: nowrap">not-for-profit</FONT>
    organizations. Our AS segment serves IT-dependent companies
    across virtually all industries.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SunGard Data Systems Inc. (&#147;SunGard&#148;) was acquired on
    August&#160;11, 2005 in a leveraged buy-out by a consortium of
    private equity investment funds associated with Bain Capital
    Partners, The Blackstone Group, Goldman Sachs&#160;&#038; Co.,
    Kohlberg Kravis Roberts&#160;&#038; Co., Providence Equity
    Partners, Silver Lake and TPG (the &#147;Transaction&#148;).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SunGard is a wholly owned subsidiary of SunGard Holdco LLC,
    which is wholly owned by SunGard Holding Corp., which is wholly
    owned by SunGard Capital Corp. II, (&#147;SCCII&#148;) which is
    a subsidiary of SunGard Capital Corp. (&#147;SCC&#148;). SCCII
    and SCC are collectively referred to as the &#147;Parent
    Companies.&#148; All four of these companies were formed for the
    purpose of facilitating the Transaction and are collectively
    referred to as the &#147;Holding Companies.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In FS, we primarily serve financial services companies through a
    broad range of complementary software solutions that process
    their investment and trading transactions. The principal purpose
    of most of these systems is to automate the business processes
    associated with trading securities, managing portfolios and
    accounting for investment assets.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In HE, we primarily provide software, strategic and systems
    integration consulting, and technology management services to
    higher education organizations around the world, including
    colleges, universities, campuses, foundations and state systems.
    HE solutions include administration, advancement, IT management,
    performance management, enrollment management, academic
    performance and strategic planning.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In PS, we primarily provide software and processing solutions
    designed to meet the specialized needs of central, federal,
    state and local governments, public safety and justice agencies,
    public schools, utilities, non-profits, and other public sector
    institutions. Our PS solutions support a range of specialized
    enterprise resource planning and administrative solutions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In AS, we help our customers maintain access to the information
    and computer systems they need to run their businesses by
    providing them with cost-effective resources to keep their
    mission-critical IT systems reliable and secure. We offer a
    complete range of availability services, including recovery
    services, managed services, consulting services and business
    continuity management software.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Global
    Economic Conditions</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Current instability in the worldwide financial markets,
    including volatility in and disruption of the credit markets,
    has resulted in uncertain economic conditions. Late in 2008, a
    global financial crisis triggered unprecedented market
    volatility and depressed economic growth. In 2009, the markets
    began to slowly stabilize as the year progressed, but have not
    returned to pre-crisis levels.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our results of operations typically trail current economic
    activity, largely due to the multi-year contracts that generate
    the majority of our revenue. We participate in financial
    services, higher education and public sector markets and, in our
    availability services business, across a broad cross-section of
    industries. We also participate in most major geographic markets
    around the world. Each of these markets, to varying degrees, has
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    experienced some disruption. The results in 2009 reflect the
    impact of these challenging economic conditions. In response, we
    have right-sized our expense base in line with expected revenue
    opportunities but have continued to invest in capital spending,
    product development and to opportunistically acquire technology
    through acquisitions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following discussion includes historical and certain
    forward-looking information that should be read together with
    the accompanying Consolidated Financial Statements and related
    footnotes and the discussion above of certain risks and
    uncertainties (see &#147;Risk Factors&#148;) that could cause
    future operating results to differ materially from historical
    results or the expected results indicated by forward-looking
    statements.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Use of
    Estimates and Critical Accounting Policies</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The preparation of financial statements in conformity with
    accounting principles generally accepted in the United States of
    America requires us to make many estimates and judgments that
    affect the reported amounts of assets, liabilities, revenue and
    expenses. Those estimates and judgments are based on historical
    experience, future expectations and other factors and
    assumptions we believe to be reasonable under the circumstances.
    We review our estimates and judgments on an ongoing basis and
    revise them when necessary. Actual results may differ from the
    original or revised estimates. A summary of our significant
    accounting policies is contained in Note&#160;1 of Notes to
    Consolidated Financial Statements. A description of the most
    critical policies and those areas where estimates have a
    relatively greater effect in the financial statements follows.
    Our management has discussed the critical accounting policies
    described below with our audit committee.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Intangible
    Assets and Purchase Accounting</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Purchase accounting requires that all assets and liabilities be
    recorded at fair value on the acquisition date, including
    identifiable intangible assets separate from goodwill.
    Identifiable intangible assets include customer base (which
    includes customer contracts and relationships), software and
    trade name. Goodwill represents the excess of cost over the fair
    value of net assets acquired.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The estimated fair values and useful lives of identifiable
    intangible assets are based on many factors, including estimates
    and assumptions of future operating performance and cash flows
    of the acquired business, the nature of the business acquired,
    the specific characteristics of the identified intangible
    assets, and our historical experience and that of the acquired
    business. The estimates and assumptions used to determine the
    fair values and useful lives of identified intangible assets
    could change due to numerous factors, including product demand,
    market conditions, technological developments, economic
    conditions and competition. In connection with our determination
    of fair values for the Transaction and for other significant
    acquisitions, we engage independent appraisal firms to assist us
    with the valuation of intangible (and certain tangible) assets
    acquired and certain assumed obligations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We periodically review carrying values and useful lives of
    long-lived assets for impairment whenever events or changes in
    circumstances indicate that the carrying value of the asset may
    not be recoverable. Factors that could indicate an impairment
    include significant underperformance of the asset as compared to
    historical or projected future operating results, or significant
    negative industry or economic trends. When we determine that the
    carrying value of a group of assets may not be recoverable, the
    related estimated future undiscounted cash flows expected to
    result from the use and eventual disposition of the asset group
    are compared to the carrying value of the asset group. If the
    sum of the estimated future undiscounted cash flows is less than
    the carrying amount, we record an impairment charge based on the
    difference between the carrying value of the asset group and its
    fair value, which we estimate based on discounted expected
    future cash flows. In determining whether an asset group is
    impaired, we make assumptions regarding recoverability of costs,
    estimated future cash flows from the assets, intended use of the
    assets and other relevant factors. If these estimates or their
    related assumptions change, we may be required to record
    impairment charges for these assets.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are required to perform a goodwill impairment test, a
    two-step test, annually and more frequently when negative
    conditions or a triggering event arise. We complete our annual
    goodwill impairment test as of July&#160;1. In step one, the
    estimated fair value of each reporting unit is compared to its
    carrying value. If there is
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    a deficiency (the estimated fair value is less than the carrying
    value), a step two test is required. In step two, the amount of
    any goodwill impairment is calculated by comparing the implied
    fair value of the reporting unit&#146;s goodwill to the carrying
    value of goodwill, with the resulting impairment reflected in
    operations. The implied fair value is determined in the same
    manner as the amount of goodwill recognized in a business
    combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Estimating the fair value of a reporting unit requires various
    assumptions including the use of projections of future cash
    flows and discount rates that reflect the risks associated with
    achieving those cash flows. The assumptions about future cash
    flows and growth rates are based on management&#146;s assessment
    of a number of factors including the reporting unit&#146;s
    recent performance against budget as well as performance in the
    market that the reporting unit serves. Discount rate assumptions
    are based on an assessment of the risk inherent in those future
    cash flows. Changes to the underlying businesses could affect
    the future cash flows, which in turn could affect the fair value
    of the reporting unit.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Based on an evaluation of 2009 year-end results and a reduction
    in the revenue growth outlook for the AS business, we concluded
    that AS had experienced a triggering event in its North American
    reporting unit (AS NA), one of two reporting units identified in
    the July 1 annual impairment test where the excess of the
    estimated fair value over the carrying value was less than 10%.
    None of our other reporting units experienced a triggering
    event. We first evaluated AS NA&#146;s long-lived assets,
    primarily the customer base and property and equipment, for
    impairment. In performing the impairment tests for the
    long-lived assets, we estimated the undiscounted cash flows over
    the remaining useful lives of the customer base and compared the
    results to the carrying value of the asset groups. There was no
    impairment of the long-lived assets.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Next, in performing the goodwill impairment test, we estimated
    the fair value of AS NA by a combination of (i)&#160;estimation
    of the discounted cash flows based on projected earnings in the
    future using a discount factor that reflects the risk inherent
    in the projected cash flows (the income approach)&#160;and
    (ii)&#160;analysis of comparable companies&#146; market
    multiples (the market approach). The projected cash flows of the
    business were lower, based on our evaluation of year-end results
    and lower growth rates, than those used in the July 1 impairment
    test. The projections reflect estimated growth rates in the
    recovery and managed services businesses within AS NA, the
    impact of continued investment in products, cost savings
    initiatives and capital spending assumptions associated with the
    growth in these businesses. We used the same risk-adjusted
    discount rate in the December 31 test as was used in the July 1
    test. As a result, we determined that the carrying value of AS
    NA was in excess of its fair value. In completing the step 2
    test to determine the implied fair value of AS NA&#146;s
    goodwill and therefore the amount of impairment, we first
    determined the fair value of the tangible and intangible assets
    and liabilities with the assistance of an external valuation
    firm. Based on the testing performed, we determined that the
    carrying value of AS NA&#146;s goodwill exceeded its implied
    fair value by $1.13&#160;billion and recorded a goodwill
    impairment charge for this amount. Our total remaining goodwill
    balance at December&#160;31, 2009 is $6.18&#160;billion.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After consideration of the AS NA impairment, we have two
    reporting units, including AS NA, whose goodwill balances total
    $1.13&#160;billion at December&#160;31, 2009, where the excess
    of the estimated fair value over the carrying value of the
    reporting unit was less than 10%. A one percentage point
    decrease in the perpetual growth rate or a one percentage point
    increase in the discount rate would cause these two reporting
    units to fail the step one test and require a step two analysis,
    and some or all of this goodwill could be impaired.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a result of the change in the economic environment in the
    second half of 2008 and completion of the annual budgeting
    process, we completed an assessment of the recoverability of our
    goodwill in December 2008. In completing this review, we
    considered a number of factors, including a comparison of the
    budgeted revenue and profitability for 2009 to that included in
    the annual impairment test conducted as of July&#160;1, 2008,
    and the amount by which the fair value of each reporting unit
    exceeded its carrying value in the 2008 impairment analysis, as
    well as qualitative factors such as the overall economy&#146;s
    effect on each reporting unit. Based on that review, we
    concluded that the entire enterprise did not experience a
    triggering event that would require an impairment analysis of
    all of our reporting units, but that some reporting units
    required further impairment analysis. Based on this further
    analysis, we concluded that the decline in expected future cash
    flows in one of our PS reporting units was sufficient to result
    in an impairment of goodwill of $128&#160;million.
</DIV>
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<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Revenue
    Recognition</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We generate services revenue from availability services,
    processing services, software maintenance and rentals,
    professional services and broker/dealer fees. All services
    revenue is recorded as the services are provided based on the
    fair value of each element. Fair value is determined based on
    the sales price of each element when sold separately. Most AS
    services revenue consists of fixed monthly fees based upon the
    specific computer configuration or business process for which
    the service is being provided, and the related costs are
    incurred ratably over the contract period. When recovering from
    an interruption, customers generally are contractually obligated
    to pay additional fees, which typically cover our incremental
    costs of supporting customers during recoveries. FS services
    revenue includes monthly fees, which may include a fixed minimum
    fee <FONT style="white-space: nowrap">and/or</FONT>
    variable fees based on a measure of volume or activity, such as
    the number of accounts, trades or transactions, users or the
    number of hours of service.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For fixed-fee professional services contracts, services revenue
    is recorded based upon proportional performance measured by the
    actual number of hours incurred divided by the total estimated
    number of hours for the project. When contracts include both
    professional services and software and require a significant
    amount of program modification or customization, installation,
    systems integration or related services, the professional
    services and license revenue is recorded based upon the
    estimated percentage of completion, measured in the manner
    described above. Changes in the estimated costs or hours to
    complete the contract and losses, if any, are reflected in the
    period during which the change or loss becomes known.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    License fees result from contracts that permit the customer to
    use our software products at its site. Generally, these
    contracts are multiple-element arrangements since they usually
    provide for professional services and ongoing software
    maintenance. In these instances, license fees are recognized
    upon the signing of the contract and delivery of the software if
    the license fee is fixed or determinable, collection is
    probable, and there is sufficient vendor specific evidence of
    the fair value of each undelivered element. Revenue is recorded
    when billed when customer payments are extended beyond normal
    billing terms, or when there is significant acceptance,
    technology or service risk. Revenue also is recorded over the
    longest service period in those instances where the software is
    bundled together with post-delivery services, and there is not
    sufficient evidence of the fair value of each undelivered
    service element.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We believe that our revenue recognition practices comply with
    the complex and evolving rules governing revenue recognition.
    Future interpretations of existing accounting standards, new
    standards or changes in our business practices could result in
    changes in our revenue recognition accounting policies that
    could have a material effect on our financial results.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Accounting
    for Income Taxes</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The objectives of accounting for income taxes are to recognize
    the amount of taxes payable or refundable for the current year
    and deferred tax liabilities and assets for the future tax
    consequences of events that have been recognized in an
    entity&#146;s financial statements or tax returns. Valuation
    allowances are recorded to reduce deferred tax assets when it is
    more likely than not that a tax benefit will not be realized.
    Deferred tax assets for which no valuation allowance is recorded
    may not be realized upon changes in facts and circumstances. Tax
    benefits related to uncertain tax positions taken or expected to
    be taken on a tax return are recorded when such benefits meet a
    more likely than not threshold. Otherwise, these tax benefits
    are recorded when a tax position has been effectively settled,
    which means that the appropriate taxing authority has completed
    their examination even though the statute of limitations remains
    open, or the statute of limitation expires. Considerable
    judgment is required in assessing and estimating these amounts
    and differences between the actual outcome of these future tax
    consequences and our estimates could have a material effect on
    our financial results.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Accounting
    for Stock-Based Compensation</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Stock-based compensation cost is measured at the grant date
    based on the fair value of the award and is recognized as
    expense over the appropriate service period. Determining the
    fair value of stock-based awards requires considerable judgment,
    including estimating the expected term of stock options,
    expected volatility of
</DIV>
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    our stock price, and the number of awards expected to be
    forfeited. In addition, for stock-based awards where vesting is
    dependent upon achieving certain operating performance goals, we
    estimate the likelihood of achieving the performance goals.
    Differences between actual results and these estimates could
    have a material effect on our financial results. A deferred
    income tax asset is recorded over the vesting period as stock
    compensation expense is recorded. Our ability to use the
    deferred tax asset is ultimately based on the actual value of
    the stock-based award upon exercise or release of the restricted
    stock unit. If the actual value is lower than the fair value
    determined on the date of grant, then there could be an income
    tax expense for the portion of the deferred tax asset that
    cannot be used, which could have a material effect on our
    financial results.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Results
    of Operations</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We evaluate performance of our segments based on operating
    results before interest, income taxes, goodwill impairment
    charges, amortization of acquisition-related intangible assets,
    stock compensation and certain other costs (see Note&#160;10 of
    Notes to Consolidated Financial Statements for the fiscal year
    ended December&#160;31, 2009 included elsewhere herein).
</DIV>
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    <B><FONT style="font-family: 'Times New Roman', Times">Fiscal
    Years Ended December&#160;31, 2007, 2008 and 2009</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table sets forth, for the periods indicated,
    certain amounts included in our Consolidated Statements of
    Operations and the relative percentage that those amounts
    represent to consolidated revenue (unless otherwise indicated).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

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    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=09 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=09 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=09 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=09 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Percent<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Percent<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Increase<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Increase<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>(Decrease)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>(Decrease)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>% of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>% of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2008 vs.<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>% of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2009 vs.<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Revenue</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Revenue</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Revenue</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="30" align="center" valign="bottom">
    <B>(In millions)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Revenue</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Financial systems (FS)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    51
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,078
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    55
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3,068</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>56</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>&#151;</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Higher education (HE)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    543
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    540
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>526</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>10</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(3</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Public sector systems (PS)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    410
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    411
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>397</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>7</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(3</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Software&#160;&#038; processing solutions
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,453
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    70
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,029
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    72
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3,991</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>72</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Availability services (AS)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,448
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    30
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,567
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    28
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,517</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>28</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(3</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,901
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,596
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5,508</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>100</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(2</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Costs and Expenses</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Cost of sales and direct operating
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,268
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    46
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,744
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    49
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2,709</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>49</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Sales, marketing and administration
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,042
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,151
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,112</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>20</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(3</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Product development
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    271
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    308
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>302</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(2</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Depreciation and amortization
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    251
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    278
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>291</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Amortization of acquisition- related intangible assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    438
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    515
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>540</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>10</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Goodwill impairment charge and merger costs
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    130
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,130</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>21</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>769</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,270
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    87
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,126
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    92
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>6,084</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>110</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>19</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Income from operations</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Financial
    systems<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    525
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    608
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>618</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>20</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Higher
    education<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    143
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    26
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    130
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (9
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>138</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>26</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>6</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Public sector
    systems<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    84
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    79
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (6
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>77</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>19</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(3</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Software&#160;&#038; processing
    solutions<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    752
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    817
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>833</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>21</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Availability
    services<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    428
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    30
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    443
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    28
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>380</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>25</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(14</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Corporate administration
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (55
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (51
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(57</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(12</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Amortization of acquisition- related intangible assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (438
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (9
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (515
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (9
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (18
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(540</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(10</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(5</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Goodwill impairment charge
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (128
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,126</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(20</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(780</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Stock Compensation expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (32
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (35
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (9
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(33</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>6</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Merger costs and other
    items<SUP style="font-size: 85%; vertical-align: top">(2)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (24
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (61
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (154
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(33</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>46</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Income from operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    631
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    470
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (26
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(576</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(10</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(223</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Percent of revenue is calculated as a percent of revenue from
    FS, HE, PS, Software&#160;&#038; Processing Solutions, and AS,
    respectively.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Merger costs and other items include merger costs, management
    fees paid to the Sponsors, purchase accounting adjustments,
    including in 2008 certain acquisition-related compensation
    expense, and, in 2007, an unfavorable arbitration award related
    to a customer dispute, partially offset in each year by
    capitalized software development costs.</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    39
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table sets forth, for the periods indicated,
    certain supplemental revenue data and the relative percentage
    that those amounts represent to total revenue.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="30%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=09 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=09 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=09 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=09 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Percent<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Percent<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Increase<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Increase<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>(Decrease)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>(Decrease)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>% of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>% of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2008 vs.<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>% of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2009 vs.<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Revenue</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Revenue</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Revenue</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="30" align="center" valign="bottom">
    <B>(In millions)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Financial Systems</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Services
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,155
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    44
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,737
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    49
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    27
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2,737</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>50</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>&#151;</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    License and resale fees
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    232
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    229
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>197</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>4</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(14</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total products and services
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,387
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    49
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,966
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    53
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2,934</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>53</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Reimbursed expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    113
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    112
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>134</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>20</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    51
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,078
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    55
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3,068</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>56</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>&#151;</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Higher Education</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Services
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    435
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    453
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>439</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>8</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(3</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    License and resale fees
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    98
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    77
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (21
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>79</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total products and services
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    533
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    530
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>518</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>9</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(2</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Reimbursed expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>8</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>&#151;</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(20</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    543
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    540
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>526</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>10</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(3</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Public Sector Systems</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Services
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    348
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    349
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>289</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(17</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    License and resale fees
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    58
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    57
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>104</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>82</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total products and services
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    406
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    406
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>393</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>7</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(3</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Reimbursed expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    25
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>4</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>&#151;</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(20</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    410
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    411
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>397</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>7</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(3</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Software&#160;&#038; Processing Solutions</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Services
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,938
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    60
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,539
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    63
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3,465</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>63</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(2</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    License and resale fees
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    388
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    363
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (6
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>380</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>7</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total products and services
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,326
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    68
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,902
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    70
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3,845</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>70</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Reimbursed expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    127
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    127
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>146</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>15</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,453
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    70
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,029
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    72
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3,991</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>72</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    40
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<!-- XBRL Table Pagebreak -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="30%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=09 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=09 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=09 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=09 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Percent<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Percent<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Increase<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Increase<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>(Decrease)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>(Decrease)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>% of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>% of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2008 vs.<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>% of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2009 vs.<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Revenue</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Revenue</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Revenue</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="30" align="center" valign="bottom">
    <B>(In millions)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Availability Services</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Services
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,426
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    29
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,544
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    28
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,496</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>27</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(3</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    License and resale fees
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (25
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>4</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>&#151;</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(33</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total products and services
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,434
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    29
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,550
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    28
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,500</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>27</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(3</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Reimbursed expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>17</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>&#151;</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>&#151;</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,448
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    30
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,567
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    28
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,517</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>28</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(3</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Total Revenue</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Services
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,364
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    89
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,083
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    91
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>4,961</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>90</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(2</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    License and resale fees
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    396
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    369
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (7
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>384</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>7</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>4</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total products and services
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,760
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    97
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,452
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    97
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5,345</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>97</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(2</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Reimbursed expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    141
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    144
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>163</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>13</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,901
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,596
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5,508</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>100</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(2</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Year
    Ended December&#160;31, 2009 Compared to Year Ended
    December&#160;31, 2008</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Income
    from Operations:</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our total operating margin was -10% in 2009 and 8% in 2008 which
    included $1.13&#160;billion and $128&#160;million of goodwill
    impairment charges in AS in 2009 and PS in 2008, respectively.
    In addition to the increase in the goodwill impairment charges,
    the operating margin was also impacted by the decline in AS, a
    $33&#160;million decrease in license fees and a $25&#160;million
    increase in amortization of acquisition-related intangible
    assets, partially offset by margin improvement in our software
    and processing businesses primarily due to cost savings.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Financial
    Systems:</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The FS operating margin was unchanged at 20% in each of 2009 and
    2008. Margin improvement from cost savings initiatives,
    primarily in employee-related and consultant costs, was offset
    by a $30&#160;million decrease in software license revenue and
    the reduced contribution from one of our trading systems
    businesses, a broker/dealer which has an inherently lower margin
    than our other FS businesses. The impact of this broker/ dealer
    on FS operating margin is a decline of almost one margin point.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The most important factors affecting the FS operating margin are:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the level of trading volumes,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the level of IT spending and its impact on the overall demand
    for professional services and software license sales,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the rate and value of contract renewals, new contract signings
    and contract terminations,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the overall condition of the financial services industry and the
    effect of any further consolidation among financial services
    firms,&#160;and
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    41
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the operating margins of recently acquired businesses, which
    tend to be lower at the outset and improve over a number of
    years.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Higher
    Education:</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The HE operating margin was 26% in 2009 compared to 24% in 2008.
    The operating margin increase is due to the impact of cost
    savings during the year, primarily in employee-related and
    consultant costs and professional services expenses.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The most important factors affecting the HE operating margin
    are:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the rate and value of contract renewals, new contract signings
    and contract terminations,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the level of government funding and endowments,&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the level of IT spending and its impact on the overall demand
    for professional services and software license sales.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Public
    Sector:</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The PS operating margin was 19% in each of 2009 and 2008. The
    $2&#160;million decrease is due primarily to a decrease in
    software license fees.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The most important factors affecting the PS operating margin are:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the rate and value of contract renewals, new contract signings
    and contract terminations,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the level of government and school district funding,&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the level of IT spending and its impact on the overall demand
    for professional services and software license sales.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Availability
    Services:</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The AS operating margin, excluding the goodwill impairment
    charge, was 25% in 2009 compared to 28% in 2008, primarily due
    to facility expansions, mostly in Europe, which increased the
    fixed cost base in advance of anticipated revenue growth,
    increases in employee-related costs, mostly in North America,
    increased depreciation and amortization, and the impact of a
    change in the mix of revenue from recovery services which
    typically use shared resources to managed services which use
    dedicated resources.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The most important factors affecting the AS operating margin
    are:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the rate and value of contract renewals, new contract signings
    and contract terminations,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the timing and magnitude of equipment and facilities
    expenditures,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the level and success of new product development,&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the trend toward availability solutions utilizing more dedicated
    resources.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The margin rate of the AS European business is lower than the
    margin rate of the North American business due primarily to
    lower economies of scale in the distinct geographic markets
    served. However, the differential in the margins has narrowed
    over the past several years because of operational improvements
    in Europe and the growing proportion of managed services in
    North America.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Revenue:</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Total revenue was $5.51&#160;billion in 2009 compared to
    $5.60&#160;billion in 2008. Included in 2009 was the full year
    impact from the acquisitions made in 2008 including the October
    2008 acquisition of GL TRADE S.A. Organic revenue declined 3%
    primarily due to a decrease in professional services revenue in
    FS and HE. Organic revenue is defined as revenue from businesses
    owned for at least one year and adjusted for both the effects of
    businesses sold in the previous twelve months and the impact of
    currency exchange rates. When
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    42
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    assessing our financial results, we focus on growth in organic
    revenue because overall revenue growth is affected by the timing
    and magnitude of acquisitions, dispositions and by currency
    exchange rates.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Services revenue, which is largely recurring in nature, includes
    revenue from availability services, processing services,
    software support and rentals, professional services,
    broker/dealer fees and hardware rentals. Services revenue
    decreased to $4.96&#160;billion from $5.08&#160;billion,
    representing approximately 90% of total revenue in 2009 compared
    to 91% in 2008. The revenue decrease of $122&#160;million in
    2009 was mainly due to a decrease in professional services and
    processing revenue and the impact of changes in currency
    exchange rates offset in part by the increase in software
    rentals, primarily from FS acquired businesses. The year to year
    decline reflects a change in classification in PS from services
    revenue to license and resale fees of $36&#160;million.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Professional services revenue was $800&#160;million and
    $961&#160;million in 2009 and 2008, respectively. The decrease
    was primarily in FS and HE and was the result of customers
    delaying or cancelling projects due to the economic climate, as
    well as completion of certain projects in 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Revenue from license and resale fees was $384&#160;million and
    $369&#160;million for 2009 and 2008, respectively, and includes
    software license revenue of $233&#160;million and
    $266&#160;million, respectively. The year to year increase
    reflects a change in classification in PS from services revenue
    to license and resale fees of $36&#160;million.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SunGard ended 2009 with a software license backlog of
    $35&#160;million in FS, which consisted of signed contracts for
    licensed software that (i)&#160;at our election, was not shipped
    to the customer until 2010, (ii)&#160;we voluntarily extended
    payment terms or (iii)&#160;included products or services not
    yet deliverable and from which the license element cannot be
    separated. This revenue backlog will be recognized in future
    years, largely 2010.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Financial
    Systems:</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    FS revenue was $3.07&#160;billion in 2009 compared to
    $3.08&#160;billion in 2008. Organic revenue decreased by
    approximately 5% in 2009. 2009 included the full year impact
    from acquired businesses which mostly offset the decline in
    organic revenue, largely professional services.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Professional services revenue decreased $120&#160;million or 18%
    to $533&#160;million. Revenue from license and resale fees
    included software license revenue of $174&#160;million and
    $204&#160;million, respectively, in 2009 and 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We expect a material decline in 2010 revenue in one of our
    trading systems businesses, a broker/dealer, as a result of
    changes in customer mix and lower levels of volatility. The
    customer mix is impacted by the market-wide dynamics by which
    active trading firms are opting to become broker/dealers and
    trade on their own behalf. Beginning in the first quarter of
    2010, a major customer of this broker/dealer started trading on
    its own behalf. This broker/dealer business, which has an
    inherently lower margin than our other FS businesses, has driven
    organic revenue growth over the past three years.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Higher
    Education:</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    HE revenue was $526&#160;million in 2009 compared to
    $540&#160;million in 2008. The $14&#160;million, or 3%, decrease
    was all organic and primarily due to a decline in professional
    services revenue, partially offset by an increase in maintenance
    and support revenue. Professional services revenue was
    $126&#160;million in 2009 compared to $146&#160;million in 2008.
    Software license fees were unchanged at $32&#160;million in 2009.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Public
    Sector:</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    PS revenue was $397&#160;million in 2009 compared to
    $411&#160;million in 2008. Organic revenue increased
    approximately 2%. Revenue from license and resale fees included
    software license fees of $23&#160;million and $25&#160;million
    in 2009 and 2008, respectively.
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Availability Services:</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    AS revenue was $1.52&#160;billion in 2009 compared to
    $1.57&#160;billion in 2008, a 3% decrease. AS organic revenue
    was unchanged in 2009. In North America, revenue decreased 1%
    overall and 2% organically where decreases in recovery services
    exceeded growth in managed services and professional services
    revenue. Revenue from license and resale fees included software
    license revenue of $4&#160;million, a decrease of
    $2&#160;million from the prior year. Revenue in Europe decreased
    12%, but increased 2.5% organically.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Costs and
    Expenses:</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Total costs increased to 110% of revenue in 2009 from 92% of
    2008 revenue. Included in 2009 was a $1.13&#160;billion
    impairment charge related to our AS business and 2008 included a
    $128&#160;million impairment charge related to our PS business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Cost of sales and direct operating expenses as a percentage of
    total revenue was 49% in each of 2009 and 2008. Lower
    employee-related and consultant expenses in our software and
    processing businesses were partially offset by increased costs
    from acquired businesses, net of a business sold in 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The decrease in sales, marketing and administration expenses of
    $39&#160;million was due primarily to decreased costs resulting
    from FS employee-related expenses partially offset by increased
    costs from acquired businesses, net of a business sold in 2008,
    and increases in FS facilities expense.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Because AS software development costs are insignificant, it is
    more meaningful to measure product development expense as a
    percentage of revenue from software and processing solutions. In
    2009 and 2008, software development expenses were 7% and 8%,
    respectively, of revenue from software and processing solutions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Depreciation and amortization as a percentage of total revenue
    was 5% in each of 2009 and 2008. The $13&#160;million increase
    in 2009 was due primarily to capital expenditures supporting AS,
    FS and HE.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Amortization of acquisition-related intangible assets was 10%
    and 9% of total revenue in 2009 and 2008, respectively. During
    2009, we shortened the remaining useful lives of certain
    intangible assets and also recorded impairment charges of our
    customer base and software assets of $18&#160;million and
    $17&#160;million, respectively. During 2008, we recorded
    impairment charges of our customer base, software and trade name
    assets of $47&#160;million, $17&#160;million and
    $3&#160;million, respectively. These impairments are the result
    of reduced cash flow projections.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We recorded goodwill impairment charges of $1.13&#160;billion in
    AS and $128&#160;million in PS in 2009 and 2008, respectively.
    These impairments are described above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Interest expense was $637&#160;million in 2009 compared to
    $599&#160;million in 2008. The increase is primarily due to
    increased borrowings from the issuance of $500&#160;million
    senior notes due 2015, a $500&#160;million increase in the term
    loan and borrowings under our receivables facility, partially
    offset by decreased borrowings under our term loans and
    revolving credit facility, repayment of our senior notes due in
    January 2009 and interest rate decreases.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Other income was $15&#160;million in 2009 compared to other
    expense of $93&#160;million in 2008. The income in 2009 was due
    primarily to $14&#160;million of foreign currency translation
    gains related to our Euro denominated term loan. In contrast,
    during 2008, currency translation related to those same Euro
    denominated term loans produced $46&#160;million of foreign
    currency translation losses. Also incurred in 2008 were
    $25&#160;million of losses on sales of receivables related to
    our terminated off-balance sheet receivables facility and
    $17&#160;million of losses on Euros purchased in advance of and
    fees associated with unused alternative financing commitments
    for the acquisition of GL TRADE.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We believe that our overall effective income tax rate is
    typically between 38% and 40%. The effective income tax rates
    for 2009 and 2008 were a tax benefit of 6% and a tax provision
    of 19%, respectively, reflecting nondeductible goodwill
    impairment charges in both years. The reported benefit from
    income taxes in 2009 includes a $12&#160;million favorable
    adjustment primarily related to utilization in our 2008
    U.S.&#160;federal
</DIV>
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    income tax return of foreign tax credit carryforwards that were
    not expected to be utilized at the time of the 2008 tax
    provision.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Accreted dividends on SCCII&#146;s cumulative preferred stock
    were $180&#160;million and $157&#160;million in 2009 and 2008,
    respectively. The increase in dividends is due to compounding.
    No dividends have been declared by SCCII.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Year
    Ended December&#160;31, 2008 Compared to Year Ended
    December&#160;31, 2007</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Income
    from Operations:</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our total operating margin decreased to 8% in 2008 from 13% in
    2007 primarily due to a $128&#160;million goodwill impairment
    charge in PS, intangible asset write-offs of $67&#160;million
    and the decline in operating margins at each of our operating
    segments.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Financial
    Systems:</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The FS operating margin was 20% in 2008, compared to 21% for the
    prior year period. The operating margin decline reflects the
    impact of the increase in revenue at one of our trading systems
    businesses which has an inherently lower margin, an increase in
    restructuring charges and an $11 million decrease in software
    license revenue.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Higher
    Education:</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The HE operating margin was 24% in 2008 compared to 26% in 2007.
    The operating margin decline is due to a $15&#160;million
    decrease in software license fees.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Public
    Sector:</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The PS operating margin was 19% in 2008 compared to 20% in 2007.
    The operating margin decline is due primarily to the impact of
    significantly lower margins in the U.K. business and a
    $4&#160;million decrease in software license fees.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Availability
    Services:</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The AS operating margin was 28% in 2008 compared to 30% in 2007,
    primarily due to facility expansions in both North America and
    Europe, which increased the fixed cost base in advance of
    anticipated revenue growth.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Revenue:</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Total revenue was $5.60&#160;billion in 2008 compared to
    $4.90&#160;billion in 2007. The increase in total revenue in
    2008 is due primarily to organic revenue growth of approximately
    10%, with trading volumes of one of our trading systems
    businesses adding six percentage points to the growth rate.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Services revenue increased to $5.08&#160;billion from
    $4.36&#160;billion, representing approximately 91% of total
    revenue in 2008 compared to 89% in 2007. The revenue increase of
    $719&#160;million in 2008 was due primarily to organic revenue
    growth, mostly in FS, primarily coming from the broker/dealer
    mentioned above, and the impact of acquired revenue in FS and AS.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Professional services revenue was $961&#160;million and
    $886&#160;million in 2008 and 2007, respectively. The
    $75&#160;million increase was due primarily to FS acquired and
    organic revenue.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Revenue from license and resale fees was $369&#160;million and
    $396&#160;million in 2008 and 2007, respectively, and includes
    software license revenue of $266&#160;million and
    $293&#160;million, respectively.
</DIV>
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    <BR>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Financial
    Systems:</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    FS revenue was $3.08&#160;billion in 2008 compared to
    $2.50&#160;billion in 2007. Organic revenue growth was
    approximately 17% in 2008, with trading volumes of one of our
    trading systems businesses adding 12&#160;percentage points to
    the growth rate.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Professional services revenue increased $63&#160;million or 11%.
    Revenue from license and resale fees included software license
    revenue of $204&#160;million and $214&#160;million,
    respectively, in 2008 and 2007.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Higher
    Education:</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    HE revenue was $540&#160;million in 2008 compared to
    $543&#160;million in 2007. Services revenue increased
    $18&#160;million, primarily from increases in software support
    revenue. Professional services revenue was $146&#160;million in
    2008, an increase of $7&#160;million. In 2008, longer sales
    cycles caused software license fees and resale fees to decline
    by $15&#160;million and $6&#160;million, respectively. HE
    organic revenue decreased 1% in 2008.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Public
    Sector:</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    PS revenue was $411&#160;million in 2008 compared to
    $410&#160;million in 2007. Organic revenue increased
    approximately 2%. Software license fees were $25&#160;million in
    2008, a decrease of $4&#160;million.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Availability
    Services:</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    AS revenue was $1.57&#160;billion in 2008 compared to
    $1.45&#160;billion in 2007, an 8% increase. AS organic revenue
    increased approximately 4% in 2008. In North America, revenue
    grew 10% overall and 3% organically as strong growth in managed
    services was offset in part by a decrease in basic and advanced
    recovery services. Revenue from license and resale fees included
    software license revenue of $6&#160;million, an increase of
    $3&#160;million from the prior year. Revenue in Europe grew 4%
    overall and 9% organically.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Costs and Expenses:</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Cost of sales and direct operating expenses as a percentage of
    total revenue was 49% and 46% in 2008 and 2007, respectively,
    largely the result of the higher volumes of the trading systems
    business previously mentioned. Also impacting the period were
    increased costs resulting from acquired businesses, an increase
    in FS and HE employee-related expenses supporting increased
    services revenue and an increase in AS facilities costs.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The increase in sales, marketing and administration expenses of
    $109&#160;million was due primarily to increased costs resulting
    from acquired businesses, AS employee-related expenses and an
    insurance settlement in 2007, partially offset by decreases in
    HE and FS employee-related expenses and an unfavorable
    arbitration award in 2007 related to a customer dispute.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Because AS software development costs are insignificant, it is
    more meaningful to measure product development expense as a
    percentage of revenue from software and processing solutions. In
    2008 and 2007, software development expenses were unchanged at
    8% of revenue from software and processing solutions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Depreciation and amortization as a percentage of total revenue
    was 5% in each of 2008 and 2007. The $27&#160;million increase
    in 2008 was due primarily to capital expenditures supporting FS
    and AS and from the AS business acquired in the third quarter of
    2007.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Amortization of acquisition-related intangible assets was 9% of
    total revenue for each of 2008 and 2007. Amortization of
    acquisition-related intangible assets increased $77&#160;million
    in 2008 due primarily to the impact of recent acquisitions made
    by the Company and a $57&#160;million increase in impairment
    charges.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We recorded a goodwill impairment charge of $128&#160;million in
    PS in 2008. This impairment is described above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Interest expense was $599&#160;million in 2008 compared to
    $645&#160;million in 2007. The decrease is primarily due to
    interest rate decreases and the redemption of the senior
    floating rate notes in 2007, partially offset by
</DIV>
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    46
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the issuance of $500&#160;million senior notes due 2015, a
    $500&#160;million increase in the term loan and additional
    borrowings under our revolving credit facility.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Other expense increased $25&#160;million in 2008 due primarily
    to increased foreign currency translation losses primarily
    related to our Euro denominated term loan and losses on Euros
    purchased in advance of and fees associated with unused
    alternative financing commitments for the acquisition of GL
    TRADE, partially offset by $28&#160;million of expense in 2007
    associated with the early retirement of the $400&#160;million of
    senior floating rate notes due 2013, of which $19&#160;million
    represented the retirement premium paid to noteholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The effective income tax rates for 2008 and 2007 were -19% and
    5%, respectively. The rate in 2008 reflects a nondeductible
    goodwill impairment charge as well as an increase to our income
    tax reserve for tax matters for open years, some of which are
    currently under audit. The rate in 2007 reflects a change in the
    mix of taxable income in various jurisdictions and limitations
    on our ability to utilize certain foreign tax credits.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Accreted dividends on SCCII&#146;s cumulative preferred stock
    were $157&#160;million and $139&#160;million in 2008 and 2007,
    respectively. The increase in dividends is due to compounding.
    No dividends have been declared by SCCII.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Liquidity
    And Capital Resources</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At December&#160;31, 2009, cash and cash equivalents were
    $664&#160;million, a decrease of $311&#160;million from
    December&#160;31, 2008, while availability under our revolving
    credit facility increased $321&#160;million to
    $804&#160;million. Approximately $65&#160;million of cash and
    cash equivalents at December&#160;31, 2009 relates to our
    broker/dealer operations, which are required to be held in
    accordance with the applicable regulatory requirements and are
    therefore not immediately available for general corporate use.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Cash flow from operations was $639&#160;million in 2009 compared
    to cash flow from operations of $385&#160;million in 2008. The
    increase in cash flow from operations is due primarily to a
    positive impact of approximately $287&#160;million from the
    termination in 2008 of our off-balance sheet accounts receivable
    securitization program, offset by an increased use of cash,
    principally in working capital, in the balance of the business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Net cash used in investing activities was $333&#160;million in
    2009 and $1.1&#160;billion in 2008. During 2009, we spent
    $12&#160;million for three acquisitions, whereas we spent
    $721&#160;million for six acquisitions during 2008, including
    $546&#160;million for the acquisition of GL TRADE in our FS
    business. Capital expenditures were $327&#160;million in 2009
    and $392&#160;million in 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In 2009, net cash used in financing activities was
    $628&#160;million, primarily related to repayment at maturity of
    the $250&#160;million senior secured notes and repayment of
    $500&#160;million of borrowings under our revolving credit
    facility, partially offset by cash received from the new
    receivables facility (net of associated fees). In 2008, net cash
    provided by financing activities was $1.3&#160;billion, the
    proceeds of which were used to fund the acquisition of GL TRADE,
    replace the liquidity provided by the terminated off-balance
    sheet accounts receivable securitization facility and repay
    $250&#160;million of senior notes due in January 2009.
</DIV>
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    <BR>
    47
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a result of the Transaction (August 11, 2005), we are highly
    leveraged. See Note 5 of Notes to Consolidated Financial
    Statements, which contains a full description of our debt. Total
    debt outstanding as of December 31, 2009 was $8.32 billion,
    which consists of the following (in millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="93%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Senior Secured Credit Facility:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Secured revolving credit facility of &#151;%
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Term loans, tranche A, effective interest rate of 3.24%
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,506
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Term loans, tranche B, effective interest rate of 6.79%
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,717
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Incremental term loan, effective interest rate of 6.75%
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    494
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total Senior Secured Credit Facility
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,717
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Senior Notes due 2014 at 4.875%, net of discount of $16
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    234
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Senior Notes due 2013 at 9.125%
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,600
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Senior Subordinated Notes due 2015 at 10.25%
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Senior Notes due 2015 at 10.625%, net of discount of $5
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    495
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Secured accounts receivable facility, effective interest rate of
    7.5%
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    250
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Other, primarily acquisition purchase price and capital lease
    obligations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,315
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Short-term borrowings and current portion of long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (64
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,251
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2009, our senior secured credit
    facilities consist of (1)&#160;$1.43&#160;billion of
    U.S.&#160;dollar-denominated tranche&#160;A term loans,
    $66&#160;million of pound sterling-denominated tranche&#160;A
    term loans and $13&#160;million of euro-denominated
    tranche&#160;A term loans, each maturing on February&#160;28,
    2014, (2)&#160;$2.48&#160;billion of
    U.S.&#160;dollar-denominated tranche&#160;B term loans,
    $64&#160;million of pound sterling-denominated tranche&#160;B
    term loans and $172&#160;million of euro-denominated
    tranche&#160;B term loans, each maturing on February&#160;28,
    2016, (3)&#160;$494&#160;million of U.S.&#160;dollar-denominated
    incremental term loans maturing on February&#160;28, 2014 and
    (4)&#160;an $829&#160;million revolving credit facility with
    $580&#160;million of commitments terminating on May&#160;11,
    2013, and $249&#160;million of commitments terminating on
    August&#160;11, 2011. As of December&#160;31, 2009,
    $804&#160;million was available for borrowing under the
    revolving credit facility after giving effect to certain
    outstanding letters of credit.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In June 2009, SunGard amended and restated its existing Credit
    Agreement (&#147;Amended Credit Agreement&#148;) to
    (a)&#160;extend the maturity date of $2.5&#160;billion of
    U.S.&#160;dollar-denominated term loans, &#163;40&#160;million
    of pound sterling-denominated term loans, and
    &#128;120&#160;million of Euro-denominated term loans from
    February 2014 to February 2016, (b)&#160;reduce existing
    revolving credit commitments to $829&#160;million from
    $1&#160;billion and extend the termination date of
    $580&#160;million of those commitments to May 2013, and
    (c)&#160;amend certain other provisions including those related
    to negative and financial covenants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We use interest rate swap agreements to manage the amount of our
    floating rate debt in order to reduce our exposure to variable
    rate interest payments associated with the senior secured credit
    facilities. We pay a stream of fixed interest payments for the
    term of the swap, and in turn, receive variable interest
    payments based on one-month LIBOR or three-month LIBOR (0.23%
    and 0.25%, respectively, at December&#160;31, 2009).
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The net receipt or payment from the interest rate swap
    agreements is included in interest expense. A summary of our
    interest rate swaps at December&#160;31, 2009 follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="53%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Interest<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Notional<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Interest Rate<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Rate<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Inception</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Maturity</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Amount</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Paid</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Received</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>(In millions)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    February 2006
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    February 2011
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    800
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.00
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    LIBOR
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    January 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    February 2011
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    750
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.17
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    LIBOR
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    February 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    February 2010
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    750
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.71
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    LIBOR
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    January / February 2009
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    February 2012
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,200
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.78
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    LIBOR
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total/Weighted average interest rate
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.01
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In early 2010, we entered into
    <FONT style="white-space: nowrap">3-year</FONT>
    interest rate swaps that expire in May 2013 for an aggregate
    notional amount of $500&#160;million under which we pay fixed
    interest payments (at 1.99%) for the term of the swaps and, in
    turn, receive variable interest payments based on three-month
    LIBOR rate.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In December 2008, we terminated our off-balance sheet accounts
    receivable securitization program. Under the accounts receivable
    facility, eligible receivables were sold to third-party conduits
    through a wholly owned, bankruptcy remote, special purpose
    entity that is not consolidated for financial reporting
    purposes. SunGard serviced the receivables and charged a monthly
    servicing fee at market rates. The third-party conduits were
    sponsored by certain lenders under SunGard&#146;s senior secured
    credit facilities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In March 2009, we entered into a syndicated three-year
    receivables facility. The facility limit is $317&#160;million,
    which consists of a term loan commitment of $181&#160;million
    and a revolving commitment of $136&#160;million. Advances may be
    borrowed and repaid under the revolving commitment with no
    impact on the facility limit. The term loan commitment may be
    repaid at any time at SunGard&#146;s option, but will result in
    a permanent reduction in the facility limit. At
    December&#160;31, 2009, $181&#160;million was drawn against the
    term loan commitment and $69&#160;million was drawn against the
    revolving commitment, which represented the full amount
    available for borrowing based on the terms and conditions of the
    facility. At December&#160;31, 2009, $689&#160;million of
    accounts receivable secure the borrowings under the receivables
    facility.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the receivables facility, SunGard is generally required to
    pay interest on the amount of each advance at the one month
    LIBOR rate (with a floor of 3%) plus 4.50% per annum, which at
    December&#160;31, 2009 was 7.5%. The facility is subject to a
    fee on the unused portion of 1.00% per annum. The receivables
    facility contains certain covenants, and SunGard is required to
    satisfy and maintain specified facility performance ratios,
    financial ratios and other financial condition tests.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At December&#160;31, 2009, contingent purchase price obligations
    that depend upon the operating performance of certain acquired
    businesses could total $57&#160;million, all of which could be
    due in the next 12&#160;months. We do not expect to pay any of
    this amount in the next 12&#160;months. We also have outstanding
    letters of credit and bid bonds that total approximately
    $39&#160;million.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At December&#160;31, 2009, our contractual obligations follow
    (in millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="52%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2015<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Total</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2010</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2011 - 2012</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2013 - 2014</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>and After</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Short-term and long-term
    debt<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,315
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    64
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    350
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,830
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,071
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Interest
    payments<SUP style="font-size: 85%; vertical-align: top">(2)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,898
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    567
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,016
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    904
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    411
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Operating leases
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,373
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    211
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    338
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    253
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    571
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Purchase
    obligations<SUP style="font-size: 85%; vertical-align: top">(3)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    288
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    118
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    107
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    58
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    12,874
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    960
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,811
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,045
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,058
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    The senior notes due 2014 and the senior notes due 2015 are
    recorded at $234&#160;million and $495&#160;million,
    respectively, as of December&#160;31, 2009, reflecting the
    remaining unamortized discount. The $21&#160;million </TD>
</TR>
<!-- XBRL Paragraph Pagebreak -->

</TABLE>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    49
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    discount at December&#160;31, 2009 will be amortized and
    included in interest expense over the remaining periods to
    maturity.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Interest payments consist of interest on both fixed-rate and
    variable-rate debt. Variable-rate debt consists primarily of the
    Tranche&#160;A secured term loan facility ($1,506&#160;million
    at 3.24%), the Tranche&#160;B secured term loan facility
    ($2,717&#160;million at 6.79%), the Incremental Term Loan
    ($494&#160;million at 6.75%) and the secured accounts receivable
    facility ($250&#160;million at 7.5%), each as of
    December&#160;31, 2009. See Note&#160;5 to Notes to Consolidated
    Financial Statements. The swap agreements entered into in early
    2010 will increase the amount of interest payments in the table
    above by $4&#160;million in 2010, $15&#160;million in
    <FONT style="white-space: nowrap">2011-2012,</FONT>
    and $4&#160;million in 2013.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Purchase obligations include our estimate of the minimum
    outstanding obligations under noncancelable commitments to
    purchase goods or services.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We expect our cash on hand, cash flows from operations and
    availability under our revolving credit facility to provide
    sufficient liquidity to fund our current obligations, projected
    working capital requirements and capital spending for a period
    that includes at least the next 12&#160;months.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Depending on market conditions, the Company, its Sponsors and
    their affiliates, may from time to time repurchase debt
    securities issued by the Company, in privately negotiated or
    open market transactions, by tender offer or otherwise.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Covenant
    Compliance</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our senior secured credit facilities and the indentures
    governing our senior notes due 2013 and 2015 and our senior
    subordinated notes due 2015 contain various covenants that limit
    our ability to engage in specified types of transactions. These
    covenants limit our ability to, among other things:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    incur additional indebtedness or issue certain preferred shares,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    pay dividends on, repurchase or make distributions in respect of
    our capital stock or make other restricted payments,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    make certain investments,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    sell certain assets,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    create liens,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    consolidate, merge, sell or otherwise dispose of all or
    substantially all of our assets, and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    enter into certain transactions with our affiliates.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, pursuant to the Principal Investor Agreement by and
    among our Holding Companies and the Sponsors, we are required to
    obtain approval from certain Sponsors prior to the declaration
    or payment of any dividend by us or any of our subsidiaries
    (other than dividends payable to us or any of our wholly owned
    subsidiaries).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the senior secured credit facilities, we are required to
    satisfy and maintain specified financial ratios and other
    financial condition tests. As of December&#160;31, 2009, we are
    in compliance with the financial and nonfinancial covenants.
    While we believe that we will remain in compliance, our
    continued ability to meet those financial ratios and tests can
    be affected by events beyond our control, and there is no
    assurance that we will meet those ratios and tests.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Adjusted earnings before interest, taxes, depreciation and
    amortization and goodwill impairment (&#147;EBITDA&#148;) is a
    non-GAAP measure used to determine our compliance with certain
    covenants contained in the indentures governing the senior notes
    due 2013 and 2015 and senior subordinated notes due 2015 and in
    our senior secured credit facilities. Adjusted EBITDA is defined
    as EBITDA further adjusted to exclude unusual items and other
    adjustments permitted in calculating covenant compliance under
    the indentures and our senior secured credit facilities. We
    believe that including supplementary information concerning
    Adjusted
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    50
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    EBITDA is appropriate to provide additional information to
    investors to demonstrate compliance with our financing covenants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The breach of covenants in our senior secured credit facilities
    that are tied to ratios based on Adjusted EBITDA could result in
    a default and the lenders could elect to declare all amounts
    borrowed due and payable. Any such acceleration would also
    result in a default under our indentures. Additionally, under
    our debt agreements, our ability to engage in activities such as
    incurring additional indebtedness, making investments and paying
    dividends is also tied to ratios based on Adjusted EBITDA.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Adjusted EBITDA does not represent net income (loss) or cash
    flow from operations as those terms are defined by GAAP and does
    not necessarily indicate whether cash flows will be sufficient
    to fund cash needs. While Adjusted EBITDA and similar measures
    are frequently used as measures of operations and the ability to
    meet debt service requirements, these terms are not necessarily
    comparable to other similarly titled captions of other companies
    due to the potential inconsistencies in the method of
    calculation. Adjusted EBITDA does not reflect the impact of
    earnings or charges resulting from matters that we may consider
    not to be indicative of our ongoing operations. In particular,
    the definition of Adjusted EBITDA in the indentures allows us to
    add back certain non-cash, extraordinary or unusual charges that
    are deducted in calculating net income (loss). However, these
    are expenses that may recur, vary greatly and are difficult to
    predict. Further, our debt instruments require that Adjusted
    EBITDA be calculated for the most recent four fiscal quarters.
    As a result, the measure can be disproportionately affected by a
    particularly strong or weak quarter. Further, it may not be
    comparable to the measure for any subsequent four-quarter period
    or any complete fiscal year.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following is a reconciliation of net loss, which is a GAAP
    measure of our operating results, to Adjusted EBITDA as defined
    in our debt agreements. The terms and related calculations are
    defined in the indentures.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="73%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Year Ended December&#160;31,</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom">
    <B>(In millions)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net loss
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (60
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (242
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,118</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Interest expense, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    626
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    581
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>630</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    38
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(73</B>
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Depreciation and amortization
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    689
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    793
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>831</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Goodwill impairment charge
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    128
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,126</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    EBITDA
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,252
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,298
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,396</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Purchase accounting
    adjustments<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    39
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>17</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Non-cash
    charges<SUP style="font-size: 85%; vertical-align: top">(2)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    37
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    35
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>36</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Restructuring and other
    charges<SUP style="font-size: 85%; vertical-align: top">(3)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    43
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    68
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>42</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Acquired EBITDA, net of disposed
    EBITDA<SUP style="font-size: 85%; vertical-align: top">(4)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    57
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Pro forma expense savings related to
    acquisitions<SUP style="font-size: 85%; vertical-align: top">(5)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Other<SUP style="font-size: 85%; vertical-align: top">(6)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    38
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    76
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Adjusted EBITDA&#160;&#151; Senior Secured Credit Facilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,396
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,590
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,499</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Loss on sale of
    receivables<SUP style="font-size: 85%; vertical-align: top">(7)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    29
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    25
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Adjusted EBITDA&#160;&#151; Senior Notes due 2013 and 2015 and
    Senior Subordinated Notes due 2015
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,425
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,615
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,499</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Purchase accounting adjustments include the adjustment of
    deferred revenue and lease reserves to fair value at the dates
    of the Transaction and subsequent acquisitions made by the
    Company and certain acquisition-related compensation expense.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Non-cash charges include stock-based compensation (see
    Note&#160;7 of Notes to Consolidated Financial Statements) and
    loss on the sale of assets.</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    51
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Restructuring and other charges include debt refinancing costs,
    severance and related payroll taxes, reserves to consolidate
    certain facilities, an unfavorable arbitration award related to
    a customer dispute, settlements with former owners of acquired
    companies, an insurance recovery and other expenses associated
    with acquisitions made by the Company.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Acquired EBITDA net of disposed EBITDA reflects the EBITDA
    impact of businesses that were acquired or disposed of during
    the period as if the acquisition or disposition occurred at the
    beginning of the period.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    Pro forma adjustments represent the full-year impact of savings
    resulting from post-acquisition integration activities.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    Other includes gains or losses related to fluctuation of foreign
    currency exchange rates impacting the foreign-denominated debt,
    management fees paid to the Sponsors and franchise and similar
    taxes reported in operating expenses, partially offset by
    certain charges relating to the off-balance sheet accounts
    receivable securitization facility (terminated in December 2008).</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (7) </TD>
    <TD></TD>
    <TD valign="bottom">
    The loss on sale of receivables under the off-balance sheet
    accounts receivable securitization facility (terminated in
    December 2008)&#160;is added back in calculating Adjusted EBITDA
    for purposes of the indentures governing the senior notes due
    2013 and 2015 and the senior subordinated notes due 2015 but is
    not added back in calculating Adjusted EBITDA for purposes of
    the senior secured credit facilities.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SunGard&#146;s covenant requirements and actual ratios for the
    year ended December&#160;31, 2009 are as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="73%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Covenant<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Requirements</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Actual Ratios</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Senior secured credit
    facilities<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Minimum Adjusted EBITDA to consolidated interest expense ratio
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.70
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.60
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Maximum total debt to Adjusted EBITDA
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6.25
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.99
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Senior Notes due 2013 and 2015 and Senior Subordinated Notes due
    2015<SUP style="font-size: 85%; vertical-align: top">(2)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Minimum Adjusted EBITDA to fixed charges ratio required to incur
    additional debt pursuant to ratio provisions
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.00
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.54x
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Our senior secured credit facilities require us to maintain an
    Adjusted EBITDA to consolidated interest expense ratio starting
    at a minimum of 1.70x for the four-quarter period ended
    December&#160;31, 2009 and increasing over time to 1.80x by the
    end of 2010 and 2.20x by the end of 2013. Consolidated interest
    expense is defined in the senior secured credit facilities as
    consolidated cash interest expense less cash interest income
    further adjusted for certain noncash or nonrecurring interest
    expense. Beginning with the four-quarter period ending
    December&#160;31, 2009, we are required to maintain a
    consolidated total debt to Adjusted EBITDA ratio of 6.25x and
    decreasing over time to 5.75x by the end of 2011 and to 4.75x by
    the end of 2013. Consolidated total debt is defined in the
    senior secured credit facilities as total debt less certain
    indebtedness and further adjusted for cash and cash equivalents
    on our balance sheet in excess of $50&#160;million. Failure to
    satisfy these ratio requirements would constitute a default
    under the senior secured credit facilities. If our lenders
    failed to waive any such default, our repayment obligations
    under the senior secured credit facilities could be accelerated,
    which would also constitute a default under our indentures.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    SunGard&#146;s ability to incur additional debt and make certain
    restricted payments under our indentures, subject to specified
    exceptions, is tied to an Adjusted EBITDA to fixed charges ratio
    of at least 2.0x, except that we may incur certain debt and make
    certain restricted payments and certain permitted investments
    without regard to the ratio, such as our ability to incur up to
    an aggregate principal amount of $5.75&#160;billion under credit
    facilities (inclusive of amounts outstanding under our senior
    credit facilities from time to time; as of December&#160;31,
    2009, we had $4.72&#160;billion outstanding under our term loan
    facilities and available commitments of $804&#160;million under
    our revolving credit facility), to acquire persons engaged in a
    similar business that become restricted subsidiaries and to make
    other investments equal to 6% of our consolidated assets. Fixed
    charges is defined in the indentures governing the Senior Notes
    due 2013 and 2015 </TD>
</TR>
<!-- XBRL Paragraph Pagebreak -->

</TABLE>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    52
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    and the Senior Subordinated Notes due 2015 as consolidated
    interest expense less interest income, adjusted for
    acquisitions, and further adjusted for noncash interest.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Effect of
    Recent Accounting Pronouncements:</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Financial Accounting Standards Board issued new revenue
    recognition guidance for arrangements with multiple
    deliverables. The new guidance modifies the fair value
    requirements for revenue recognition by providing &#147;best
    estimate of selling price&#148; in addition to vendor specific
    objective evidence, or &#147;VSOE&#148;, and vendor objective
    evidence, now referred to as third-party evidence, or
    &#147;TPE&#148;, for determining the selling price of a
    deliverable. Since the Company will be able to use an estimate
    of the selling price for the deliverables in an arrangement, all
    deliverables will be separate units of accounting, provided
    (a)&#160;a delivered item has value to the customer on a
    standalone basis, and (b)&#160;if the arrangement includes a
    general right of return relative to the delivered item, delivery
    or performance of the undelivered item is considered probable
    and substantially in the control of the Company. As a result of
    the requirement to use the best estimate of the selling price
    when VSOE or TPE of the selling price cannot be determined, the
    residual method is no longer permitted. The new guidance is
    effective for fiscal years beginning on or after June&#160;15,
    2010. The Company is currently evaluating the impact of this
    revenue guidance, but would not expect the guidance to have a
    material impact on the consolidated financial statements.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Quantitative
    and Qualitative Disclosures about Market Risk:</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We do not use derivative financial instruments for trading or
    speculative purposes. We have invested our available cash in
    short-term, highly liquid financial instruments, with a
    substantial portion having initial maturities of three months or
    less. When necessary, we have borrowed to fund acquisitions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At December&#160;31, 2009, we had total debt of
    $8.32&#160;billion, including $4.97&#160;billion of variable
    rate debt. We entered into interest rate swap agreements which
    fixed the interest rates for $3.5&#160;billion of our variable
    rate debt. Swap agreements with a notional value of
    $800&#160;million effectively fix our interest rates at 5.00%
    and expire in February 2011. Swap agreements expiring in
    February 2010 and 2011 each have a notional value of
    $750&#160;million and, effectively, fix our interest rates at
    2.71% and 3.17%, respectively. Swap agreements expiring in
    February 2012 have a notional value of $1.2&#160;billion and
    effectively fix our interest rates at 1.78%. Our remaining
    variable rate debt of $1.47&#160;billion is subject to changes
    in underlying interest rates, and, accordingly, our interest
    payments will fluctuate. During the period when all of our
    interest rate swap agreements are effective, a 1% change in
    interest rates would result in a change in interest of
    approximately $15&#160;million per year. Upon the expiration of
    each interest rate swap agreement in February 2010, 2011 and
    2012, a 1% change in interest rates would result in a change in
    interest of approximately $22&#160;million, $38&#160;million and
    $50&#160;million per year, respectively. See Note&#160;5 of
    Notes to Consolidated Financial Statements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, at December&#160;31, 2009, one of our U.K.
    subsidiaries, whose functional currency is the pound sterling,
    has $184&#160;million of debt which is denominated in euros. A
    10% change in the euro-pound sterling exchange rate would result
    in a charge or credit in the statement of operations of
    approximately $19&#160;million.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    During 2009, approximately 30% of our revenue was from customers
    outside the United States with approximately 71% of this revenue
    coming from customers located in the United Kingdom and
    Continental Europe. Only a portion of the revenue from customers
    outside the United States is denominated in other currencies,
    the majority being pounds sterling and euros. Revenue and
    expenses of our foreign operations are generally denominated in
    their respective local currencies. We continue to monitor our
    exposure to currency exchange rates.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    53
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='109'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">BUSINESS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Our
    Company</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are one of the world&#146;s leading software and technology
    services companies. We provide software and processing solutions
    to institutions throughout the financial services industry,
    higher education and the public sector. We also provide disaster
    recovery services, managed services, information availability
    consulting services and business continuity management software.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We serve more than 25,000 customers in more than 70 countries.
    We seek to establish long-term customer relationships by
    negotiating multi-year contracts and by emphasizing customer
    support and product quality and integration. We believe that we
    are one of the most efficient operators of mission-critical IT
    solutions as a result of the economies of scale we derive from
    serving multiple customers on shared platforms. Our revenue is
    highly diversified by customer and product, with no single
    customer accounting for more than 9% of our total revenue during
    any of the past three fiscal years. We estimate that
    approximately 90% of our revenue for the past three fiscal years
    was recurring in nature.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We operate our business in four segments:
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Our
    Segments</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="20%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="19%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="19%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="19%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="19%">&nbsp;</TD>	<!-- colindex=05 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="5" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Software &#038; Processing</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Financial Systems</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Higher Education</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Public Sector</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Availability Services</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Revenue for the Year Ended December&#160;31, 2009
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    &#149; $3.1 billion
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    &#149; $526 million
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    &#149; $397 million
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    &#149; $1.5 billion
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Product and Service Offerings
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    &#149; Specialized software and processing solutions that
    automate the mission-critical business processes associated with
    trading securities, managing portfolios and accounting for
    investment assets, and consulting and IT management services
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
<DIV style="text-indent: -4pt; margin-left: 4pt">
    &#149;&#160;&#160;&#160;Specialized software and enterprise
    resource planning solutions, professional services, and
    consulting and IT management services to address the
    administrative, academic and community needs of higher education
    institutions
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    &#149;&#160;&#160;&#160;Specialized software and enterprise
    resource planning and administrative solutions, public safety
    and justice solutions, K-12 student information solutions, and
    consulting and IT management services
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    &#149;&#160;&#160;&#160;Recovery services and managed services,
    consulting, and business continuity management software that
    help companies maintain uninterrupted access to their
    mission-critical IT systems
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Number of Customers
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    &#149; 14,000
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    &#149; 1,600
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    &#149; 2,000
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    &#149; 10,000
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Primary Customers
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    &#160;Financial services companies<BR>
    <BR>
    &#149;&#160;&#160;&#160;Corporate and government treasury
    departments<BR>
    <BR>
    &#149;&#160;&#160;&#160;Energy companies
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    &#149;&#160;&#160;&#160;Higher education organizations around
    the world, including colleges, universities, campuses,
    foundations and state systems
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
<DIV style="text-indent: -4pt; margin-left: 4pt;">
&#149;&#160;&#160;&#160;School districts<BR>
</DIV>
<DIV style="text-indent: -0pt; margin-left: 0pt;">
<BR>
</DIV>
<DIV style="text-indent: -4pt; margin-left: 4pt;">
&#149;&#160;&#160;&#160;Central, federal, state and local governments<BR>
</DIV>
<DIV style="text-indent: -0pt; margin-left: 0pt;">
<BR>
</DIV>
<DIV style="text-indent: -4pt; margin-left: 4pt;">
&#149;&#160;&#160;&#160;Public safety and justice agencies<BR>
</DIV>
<DIV style="text-indent: -0pt; margin-left: 0pt;">
<BR>
</DIV>
<DIV style="text-indent: -4pt; margin-left: 4pt;">
&#149;&#160;&#160;&#160;Not-for-profit organizations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
<DIV style="text-indent: -4pt; margin-left: 4pt">
    &#149;&#160;&#160;&#160;IT departments of large, medium and
    small companies across virtually all industries, primarily in
    North America and Europe
</DIV>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We were acquired on August&#160;11, 2005 in a leveraged buy-out
    by a consortium of private equity investment funds associated
    with Bain Capital Partners, The Blackstone Group, Goldman
    Sachs&#160;&#038; Co., Kohlberg Kravis Roberts&#160;&#038; Co.,
    Providence Equity Partners, Silver Lake and TPG (the
    &#147;Transaction&#148;). As a result of the Transaction, we are
    highly leveraged and our equity is no longer publicly traded.
</DIV>
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    <BR>
    54
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Our
    Strengths</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Leading franchise in attractive
    industries.</I>&#160;&#160;Built over many years, our business
    has leading positions and strong customer relationships in
    industries with attractive growth dynamics.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Leading industry positions.</I>&#160;&#160;We believe that,
    within the highly fragmented global market for financial
    services IT software and services, the majority of businesses
    within our FS segment are leaders in the sectors in which they
    participate. We believe that HE and PS are both leading
    providers of software and services to higher education
    institutions and the public sector, respectively, and that AS is
    the pioneer and a leading provider in the information
    availability services industry.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Attractive industry dynamics.</I>&#160;&#160;While the
    economic crisis and resulting recession has had a negative
    impact on the sectors in which we operate, we believe that, over
    the long term, our primary market segments continue to have
    strong growth potential. We believe that our FS business will
    benefit from several key industry dynamics: the shift from
    internal to outsourced IT spending, the shift from
    infrastructure to application software spending, and the general
    increase in IT spending associated with increasing compliance
    and regulatory requirements and customers&#146; increasing need
    for real-time information. We anticipate that our HE and PS
    businesses will benefit from favorable growth dynamics in higher
    education and public safety and justice IT spending. We believe
    that our AS business will continue to benefit from favorable
    growth in the small and medium business sector as well as in the
    managed services industry. We believe that our strong
    relationships with our customers in the relatively fragmented
    software and processing sectors that we serve and our extensive
    experience and the significant total capital that we have
    invested in AS help us to maintain leading positions. We believe
    that these factors should provide us with competitive advantages
    and enhance our growth potential.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Highly attractive business model.</I>&#160;&#160;We have
    substantial recurring revenue and a diversified customer base
    and generate significant operating cash flow.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Extensive portfolio of businesses with substantial recurring
    revenue.</I>&#160;&#160;With a large portfolio of proprietary
    services and products in each of our four business segments, we
    have a diversified and stable business. We estimate that
    approximately 90% of our revenue for the past three fiscal years
    was recurring in nature. With the exception of our broker/dealer
    business, we believe that our FS revenue is more insulated from
    changes in trading and transaction volumes than the financial
    services industry at large because our FS customers generally
    pay us monthly fees that are based on metrics such as number of
    accounts, trades or transactions, users or number of hours of
    service. Our portfolio of solutions and the largely recurring
    nature of our revenue across all four of our segments have
    reduced volatility in our revenue and income from operations.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Diversified and stable customer base.</I>&#160;&#160;Our
    customer base is highly diversified with no single customer
    accounting for more than 9% of total revenue during any of the
    last three fiscal years. Our base of more than 25,000 customers
    includes most of the world&#146;s largest financial services
    firms, a variety of other financial services firms, corporate
    and government treasury departments, energy companies, higher
    education institutions, school districts, local governments and
    <FONT style="white-space: nowrap">not-for-profit</FONT>
    organizations. Our AS business serves customers across virtually
    all industries. In addition, our track record of helping our
    customers improve their operational efficiency, achieve high
    levels of availability and address regulatory requirements
    results in stable, long-term customer relationships.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Significant operating cash flow
    generation.</I>&#160;&#160;With strong operating margins and
    relatively moderate capital-expenditure and working-capital
    investment needs, we generate significant operating cash flow.
    Our strong cash flow allows us to meet our significant
    debt-service requirements and make discretionary investments to
    grow the business, both by investing in new products and
    services and through acquisitions.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Experienced management team with track record of success with
    proper incentives.</I>&#160;&#160;Our management team fosters an
    entrepreneurial culture, has a long track record of operational
    excellence, has a proven ability to acquire and integrate
    complementary businesses, and is highly committed to our
    Company&#146;s long-term success.
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Long track record of operational
    excellence.</I>&#160;&#160;We have a solid track record of
    performance consistent with internal financial targets. Our
    experienced senior executive officers have proven capabilities
    in both running a global business and managing numerous
    applications that are important to our customers. Our FS
    solutions account for and manage over $25 trillion in investment
    assets and process over 5&#160;million transactions per day. In
    our HE business, 1,600 organizations including colleges,
    universities, campuses, foundations and state systems rely on
    our solutions. Our PS products are used by agencies that serve
    more than 140&#160;million citizens in North America and
    40&#160;million citizens in the UK. Our AS business has had a
    100% success rate in supporting customer recoveries since our
    inception.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Successful, disciplined acquisition
    program.</I>&#160;&#160;To complement our organic growth, we
    have a highly disciplined program to identify, evaluate, execute
    and integrate acquisitions. We have completed over 170
    acquisitions and overall have improved the operating performance
    of acquired businesses. Our ongoing acquisition program has
    contributed significantly to our long-term growth and success.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Experienced and committed management team.</I>&#160;&#160;Our
    executive officers have on average more than 15&#160;years of
    industry experience. Our senior managers have committed
    significant personal capital to our Company in connection with
    the Transaction.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Business
    Strategy</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are focused on expanding our position not only as a leading
    provider of software and processing solutions, but also as the
    provider of choice for a wide range of information availability
    services and managed services for IT-departments in companies
    across virtually all industries. Our operating and financial
    strategy emphasizes fiscal discipline, profitable revenue growth
    and significant operating cash flow generation. In pursuit of
    these objectives, we have implemented the following strategies:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Expand our industry-leading franchise.</I>&#160;&#160;We are
    constantly enhancing our product and service offerings across
    our portfolio of businesses, further building and leveraging our
    customer relationships, and looking to acquire complementary
    businesses at attractive valuations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Enhance our product and service offerings.</I>&#160;&#160;We
    continually support, upgrade and enhance our systems to
    incorporate new technology and meet the needs of our customers
    for increased operational efficiency and resilience. Our strong
    base of recurring revenue drives high operating margins that
    allow us to consistently reinvest in our products and services.
    In 2009 and 2008, software development expenses were 7% and 8%,
    respectively, of revenue from software and processing solutions.
    We continue to introduce innovative products and services in all
    four of our business segments. We believe that our focus on
    product enhancement and innovation will help us to increase our
    penetration of existing and new customers.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Extend our strong customer relationships.</I>&#160;&#160;We
    focus on developing trusted, mutually beneficial, long-term
    relationships with our customers. We look to maximize
    cross-selling opportunities, increase our share of our
    customers&#146; total IT spending and maintain a high level of
    customer satisfaction. Our global account management program
    allows us to present a single face to our larger FS customers as
    well as better target potential cross-selling opportunities.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Acquire and integrate complementary
    businesses.</I>&#160;&#160;We seek opportunistically to acquire
    businesses that broaden our existing product and service
    offerings, expand our customer base and strengthen our
    leadership positions, especially within the fragmented FS, HE
    and PS markets, and that will provide us with a suitable return
    on investment. Before committing to an acquisition, we devote
    significant resources to due diligence and to developing a
    post-acquisition integration plan, including the identification
    and quantification of potential cost savings and synergies.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Continue to enhance our attractive business
    model.</I>&#160;&#160;We continue to focus on maintaining our
    attractive business model and, in particular, increasing our
    recurring revenue base and implementing incremental operational
    improvements.
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Increase our recurring revenue base.</I>&#160;&#160;We strive
    to generate a high level of recurring revenue and stable cash
    flow from operations. We charge customers monthly subscription
    fees under multi-year contracts, and we continue to prefer such
    contracts because they offer high levels of revenue stability
    and visibility. Moreover, we believe that our high quality
    services and customized solutions help increase the level of
    integration and efficiency for our customers and reduce customer
    defections to other vendors or to in-house solutions.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Implement incremental operational
    improvements.</I>&#160;&#160;We have identified opportunities to
    further increase revenue, reduce costs and improve cash flow
    from operations. These include the global account management
    program within FS, which stimulates cross-selling opportunities
    and enhances relationship management at our largest customers;
    the combination of our consulting services and technology
    services business units to form a global services organization
    which offers a broader range of services to our customers
    leveraging a global delivery model; the introduction of a
    customer relationship management system to enhance sales force
    automation in our AS business; the implementation of a
    software-as-a-service (SaaS) application development framework
    to help accelerate
    <FONT style="white-space: nowrap">time-to-market</FONT>
    and achieve flexible delivery of software solutions; and the
    consolidation of data centers within FS.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Enhance our performance-based culture.</I>&#160;&#160;We are
    focused on enhancing our performance-based culture. Our
    compensation programs are designed to be based primarily on
    achieving high performance goals. We continue to evaluate the
    competitiveness of our compensation plans in order to promote
    retention of key individuals in both our existing and acquired
    businesses.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Business
    Segment Overview</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Financial
    Systems</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    FS provides mission-critical software and IT services to
    institutions in virtually every segment of the financial
    services industry. These systems automate the many complex
    processes associated primarily with managing investment
    portfolios and trading of and accounting for investment assets.
    These solutions address the processing requirements of a broad
    range of users within financial services. In addition, we also
    provide professional services that focus on application
    implementation and integration of these solutions and on custom
    software development. Since our inception, we have consistently
    enhanced our FS solutions to add new features, process new types
    of financial instruments, meet new regulatory requirements,
    incorporate new&#160;technologies and meet evolving customer
    demands.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We deliver many of our FS solutions as an application service
    provider, primarily from our data centers located in North
    America and Europe that customers access through the Internet or
    virtual private networks. We also deliver some of our FS
    solutions by licensing the software to customers for use on
    their own computers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our FS businesses are grouped internally into two divisions. The
    main distinction between the two divisions is that one division
    serves customers whose businesses are primarily in North America
    while the other division serves customers whose businesses are
    primarily international. The grouping of FS businesses in two
    divisions also takes into account the balance of management
    workload.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Americas Division:</I>&#160;&#160;The Americas division
    includes our Brokerage&#160;&#038; Clearance, Corporations,
    Global Services, Insurance, Trading and Wealth Management
    businesses. It offers software solutions and strategic IT
    consulting to a broad range of users, including chief financial
    officers, compliance officers, custodians, insurers and
    reinsurers, plan administrators, registered investment advisors,
    treasurers, traders and wealth managers. These solutions help
    automate and manage the trading and processing requirements of
    banks, broker/dealers, insurance companies, pension companies,
    fiduciary trusts and other financial services firms primarily in
    North&#160;America.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>International Division:</I>&#160;&#160;The International
    division includes our Alternative Investments, Banks, Capital
    Markets&#160;&#038; Investment Banking, Global Trading and
    Institutional Asset Management businesses. It also includes our
    FS international distribution organization which on behalf of
    many of our FS businesses conducts business with customers in
    China, India, Japan, and the rest of Asia-Pacific, Central and
    Eastern Europe, the
</DIV>
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    Middle East, Africa and Latin America. The International
    division offers software solutions and strategic IT consulting
    to a broad range of users including asset managers, compliance
    officers, fund administrators, market makers and traders.
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    Our FS businesses in the Americas and International divisions
    are organized in the following customer-facing business areas:
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    <I>Alternative Investments:</I>&#160;&#160;We offer solutions
    specifically designed for firms specializing in alternative
    investments. These solutions support multiple asset classes and
    their derivatives, including equities, foreign exchange,
    interest rates, credit, commodities and convertibles. Solutions
    include strategy-specific applications for convertible and
    capital structure arbitrage, global repurchase agreements, stock
    finance, and listed options trading. Our enterprise-wide,
    straight-through processing solutions meet the trading, risk
    management, and investor and portfolio accounting requirements
    of single- and multi-strategy institutions.
</DIV>

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    <I>Banks:</I>&#160;&#160;We provide an integrated solution suite
    for asset/liability management, budgeting and planning,
    regulatory compliance, and profitability. Our products also
    manage all aspects of universal banking including back-office
    transaction processing, front-office multi-channel delivery,
    card management and payments.
</DIV>

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    <I>Corporations:</I>&#160;&#160;Our solutions provide chief
    financial officers and treasurers with the ability to monitor
    cash flow in real time and with increased operational controls
    on treasury, receivables and payments functions. An
    <FONT style="white-space: nowrap">end-to-end</FONT>
    collaborative financial management framework gives chief
    financial officers and treasurers tools to help drive maximum
    value from working capital and reduce risk.
</DIV>

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    <I>Brokerage&#160;&#038; Clearance:</I>&#160;&#160;We are a
    leading provider of solutions for the global processing of
    securities and derivatives. These solutions support trade
    processing, clearing and accounting, helping brokerage and
    clearing firms streamline operations and control risk and cost.
    Our solutions provide centralized transactional databases,
    support cross-asset business functions, and offer consolidated
    views of accounts and risk management. These solutions help
    firms gain
    <FONT style="white-space: nowrap">front-to-back</FONT>
    operational efficiencies, realize advantages of scale and
    support business growth.
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    <I>Capital Markets&#160;&#038; Investment
    Banking:</I>&#160;&#160;Our solutions support cross-asset
    trading and straight-through processing of derivative
    instruments, helping investment banks to manage global trading
    books in multiple asset classes. These solutions also support
    securities lending and borrowing, repurchase agreements, and
    related transactions. We also offer solutions for the
    enterprise-wide management of market, credit, interest rate and
    liquidity risk. In addition, we provide a framework for helping
    banks to manage operational risk and compliance requirements.
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    <I>Global Services:</I>&#160;&#160;We deliver consulting,
    technology and professional services for financial services,
    energy organizations and corporations. Leveraging SunGard&#146;s
    global delivery model, approximately 4,500 consultants and
    developers help customers achieve value from advanced
    technology, application management, business process management,
    business process outsourcing, information management,
    infrastructure management and testing services.
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    <I>Global Trading:</I>&#160;&#160;We provide multi-asset, front-
    to back-office trading solutions for equities, fixed income,
    derivatives, FX and commodities on exchanges worldwide. These
    solutions support full lifecycle trading and trade processing
    activities including information services, market connectivity
    and order management that help improve trade efficiency and risk
    monitoring.
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    <I>Institutional Asset Management:</I>&#160;&#160;We provide
    asset managers with comprehensive, integrated solutions to
    support their global investment operations. These solutions help
    connect every stage of the investment lifecycle, from portfolio
    analysis and electronic trading connectivity to regulatory
    compliance and investment accounting and reporting. We also
    provide systems for trading, pre- and post-trade compliance
    measurement, risk management, performance measurement and
    attribution, and data management.
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    <I>Insurance:</I>&#160;&#160;We provide IT solutions for the
    insurance industry in each of the following major business
    lines: life/health/annuities/pensions, property and casualty,
    reinsurance and asset management. Our software and services
    support functions from the front-office through the
    back-office&#160;&#151; from customer service and policy
    administration to actuarial calculations, financial and
    investment accounting, and reporting.
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    <I>Trading:</I>&#160;&#160;We provide traders of
    U.S.&#160;equities, commodities and listed options with
    Web-based, electronic trading platforms for trade order
    management, direct market access and risk and compliance
    management. Our cross-asset solutions automate the transaction
    lifecycle, providing network connectivity and straight-through
    processing from pre- to post-trade. Our data analysis tools help
    improve the speed and ease of optimizing portfolios, assessing
    risk exposure and identifying market opportunities. Our energy
    solutions help financial services institutions, industrial and
    energy companies to efficiently compete in global energy markets
    by streamlining and integrating the trading, risk management and
    operations of physical commodities and their associated
    financial instruments.
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    <I>Wealth Management:</I>&#160;&#160;Our wealth management
    solutions help investment advisors, trust bank managers and
    wealth managers grow their businesses by helping support the
    needs of their mass affluent and
    <FONT style="white-space: nowrap">high-net</FONT>
    worth clients. We provide solutions for financial planning,
    asset allocation, surveillance and suitability, new account
    opening, portfolio management, unified managed account programs,
    trade execution, asset management, custody and trust accounting.
    Our compliance and data management solutions help compliance
    officers mitigate risk and improve efficiencies through
    centralized data infrastructures, automated trade supervision
    and
    <FONT style="white-space: nowrap">code-of-ethics</FONT>
    monitoring. We also serve organizations that administer
    defined-contribution and defined-benefit retirement plans. Our
    retirement plan recordkeeping systems support many plan types
    and fulfill functions ranging from processing of contributions
    and payments to tax reporting and trade management.
</DIV>

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    <B><I><FONT style="font-family: 'Times New Roman', Times">Higher
    Education</FONT></I></B>
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    In HE, we provide software solutions, strategic and systems
    integration consulting, and technology management services to
    colleges and universities, including community colleges, liberal
    arts colleges, public universities, foundations, state systems,
    central and district offices, and international institutions, to
    help them support communities of learners. Higher education
    institutions rely on our broad portfolio of solutions and expert
    guidance to find better ways to teach, learn, manage and connect
    with their constituents. Our Open Digital Campus strategy
    combines our deep expertise in higher education with alternative
    delivery models, modular software components, and modern
    technologies that help universities and colleges design and
    build their next-generation digital campuses. Our solutions
    include administration and enterprise resource planning,
    advancement, IT management and outsourcing, portal and
    communication tools, performance management, enrollment
    management, academic performance and strategic planning.
</DIV>

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    <B><I><FONT style="font-family: 'Times New Roman', Times">Public
    Sector</FONT></I></B>
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    In PS, we provide software and processing solutions designed to
    meet the specialized needs of central, federal, state and local
    governments, public safety and justice agencies, public schools,
    utilities, nonprofits, and other public sector institutions. Our
    systems and services help institutions improve the efficiency of
    their operations and utilize the Web and wireless technologies
    in serving their constituents. Our PS products support a range
    of specialized enterprise resource planning and administrative
    solutions for functions such as accounting, human resources,
    payroll, utility billing, land management, public safety and
    criminal justice, and IT managed services.
</DIV>

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    <B><I><FONT style="font-family: 'Times New Roman', Times">Availability
    Services</FONT></I></B>
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    In AS, we help our customers improve the resilience of mission
    critical systems. We do this by designing, implementing and
    managing cost-effective solutions using people, process and
    technology to address enterprise IT availability needs. Since we
    pioneered commercial disaster recovery in the 1970s, we believe
    that our specialization in information availability solutions,
    together with our experience, technology expertise, resource
    management capabilities, vendor neutrality and diverse service
    offerings, have uniquely positioned us to meet customers&#146;
    varied needs in an environment in which businesses are
    critically dependent on availability of IT. We have a
    comprehensive portfolio of services that extend from always
    ready standby services to high availability advanced recovery
    services and always on production and managed services,
    including planning and provisioning of private and public cloud
    computing and software-as-a-service (SaaS) platforms. We also
    provide business continuity management software and consulting
    services to help our customers design, implement and maintain
    plans to protect their central business systems. To serve our
    10,000 AS customers, we
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    have 5,000,000&#160;square feet of operations space at over 80
    facilities in nine countries and a global network of
    approximately 25,000&#160;miles. Since our inception, we have
    had a 100% success rate helping our customers recover from
    unplanned interruptions resulting from major disasters including
    the Gulf Coast hurricanes in 2008, widespread flooding in the
    U.K. in 2007, hurricane Katrina and Gulf Coast hurricanes in
    2005, Florida hurricanes in 2004, the Northeast
    U.S.&#160;blackout in 2003 and the terrorist attacks of
    September&#160;11, 2001.
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    We provide the following four categories of services: recovery
    services, managed services, consulting services and business
    continuity management software. They can be purchased
    independently or collectively, depending on the customer&#146;s
    requirements. Although recovery services remain our principal
    revenue generating services, managed services, consulting and
    business continuity management software increasingly account for
    a greater percentage of our new sales. Because advanced recovery
    and managed services are often unique to individual customers
    and utilize a greater proportion of dedicated (versus shared)
    resources, they typically require modestly more capital
    expenditures and command a somewhat lower operating margin rate
    than traditional systems recovery services. The combination of
    all of these services provides our customers with a total,
    <FONT style="white-space: nowrap">end-to-end</FONT>
    IT operations and information availability management solution.
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    <I>Recovery Services:</I>&#160;&#160;AS helps customers maintain
    access to the information and computer systems they need to run
    their businesses by providing cost-effective solutions to keep
    IT systems operational and secure in the event of an unplanned
    business disruption. These business disruptions can range from
    man-made events (e.g. power outages, telecommunications
    disruptions and acts of terrorism) to natural disasters (e.g.
    floods, hurricanes and earthquakes). AS offers a complete range
    of recovery services, depending on the length of time deemed
    acceptable by customers for IT systems outage&#160;&#151;
    ranging from minutes (for mission-critical applications) to
    several hours or several days (for non-mission-critical
    applications). We deliver these services using processors,
    servers, storage devices, networks and other resources and
    infrastructure that are subscribed to by multiple customers,
    which results in economies of scale for us and
    cost-effectiveness for our customers. These shared services
    range from basic standby systems recovery services, workforce
    continuity services, and mobile recovery options to blended
    &#147;advanced recovery&#148; or &#147;high availability&#148;
    solutions that typically combine systems recovery services with
    dedicated data storage resources that allow customers to
    replicate data to one of our sites, helping them minimize data
    loss and reduce recovery times.
</DIV>

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    <I>Managed Services:</I>&#160;&#160;AS provides IT
    infrastructure and production services that customers use to run
    their businesses on a
    <FONT style="white-space: nowrap">day-to-day</FONT>
    basis. These services range from co-located IT infrastructure
    (e.g., where AS provides data center space, power, cooling and
    network connectivity) to fully managed infrastructure services
    (e.g., where AS fully manages the daily operation of a
    customer&#146;s IT infrastructure). AS can also provide managed
    services at the customer&#146;s data center. Some managed
    services require dedicated processors, servers, storage devices,
    networks and other resources, which are either obtained by the
    customer or provided by us for the customer&#146;s exclusive
    use. Other managed services are provided on shared
    infrastructure. Managed services are designed in a flexible
    manner that allow customers to choose the services they need
    from a menu of options delivered on pre-agreed schedules or on
    an on-demand basis. Therefore, the combination of selected
    managed services is unique to each customer, with solutions
    crafted to meet that customer&#146;s specific needs. Managed
    services help customers augment their IT resources and skills
    without having to hire full-time internal IT staff and invest in
    infrastructure that is not fully used all the time. In 2010, we
    expect to launch enterprise-grade cloud computing services in
    North America building on our expertise in information
    availability and managed services.
</DIV>

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    <I>Consulting Services:</I>&#160;&#160;AS offers consulting
    services to help customers solve critical business continuity
    and IT infrastructure problems including business continuity,
    data storage and management, information security, and numerous
    categories of IT infrastructure operations.
</DIV>

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    <I>Business Continuity Management Software:</I>&#160;&#160;AS
    offers software solutions that help customers operate a
    comprehensive and professional business continuity plan across
    their enterprise and enable ongoing business operations in a
    crisis. AS software has flexible modular solutions that allow
    customers to add functionality as required. Modules are
    available to support business impact analysis, business
    continuity planning, incident response and emergency
    notification. The software solution leverages a common platform
    for data consistency, as well as standardized reporting for
    seamless automation of the business continuity process.
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    <B><FONT style="font-family: 'Times New Roman', Times">Acquisitions</FONT></B>
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To complement our organic growth, we have a highly disciplined
    program to identify, evaluate, execute and integrate
    acquisitions. Generally, we seek to acquire businesses that
    broaden our existing product lines and service offerings by
    adding complementary products and service offerings and by
    expanding our geographic reach. During 2009, we spent
    approximately $12&#160;million in cash to acquire three
    businesses.
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table lists the businesses we acquired in 2009:
</DIV>

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</TR>
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<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Acquired Company/Business</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Date Acquired</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Description</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Performance Pathways, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    03/01/09
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Student assessment and curriculum solutions for K-12 school
    districts.
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Genix Systems AG
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    04/01/09
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Integrated CRM solution primarily for private banking in
    Switzerland and Luxembourg.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Ice Risk
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    05/04/09
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Front-end real-time risk solution for commodities marketplace.
</TD>
</TR>
</TABLE>

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</DIV>

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    <B><FONT style="font-family: 'Times New Roman', Times">Product
    Development</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We continually support, upgrade and enhance our systems and
    develop new products to meet the needs of our customers for
    operational efficiency and resilience and to leverage advances
    in technology. FS is transforming some of the key functionality
    of its core systems into components to form a new software
    development and on-demand delivery environment called Infinity.
    Infinity enables financial institutions to develop and deploy
    custom applications, integrating SunGard components with their
    own proprietary or third party components. Infinity uses
    SunGard&#146;s Common Services Architecture (CSA), a
    service-oriented architecture (SOA) development framework,
    offering business process management (BPM) and a virtualized,
    software-as-a-service (SaaS) infrastructure.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our expenditures for software development during the years ended
    December&#160;31, 2007, 2008 and 2009, including amounts that
    were capitalized, totaled approximately $297&#160;million,
    $325&#160;million and $318&#160;million, respectively. In 2007,
    2008 and 2009, software development expenses were 8%, 8% and 7%,
    respectively, of revenue from software and processing solutions.
    These amounts do not include routine software support costs that
    are included in cost of sales, nor do they include costs
    incurred in performing certain customer-funded development
    projects in the ordinary course of business.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Marketing</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Most of our FS and HE solutions are marketed throughout North
    America and Western Europe and many are marketed worldwide,
    including Asia-Pacific, Central and Eastern Europe, the Middle
    East, Africa and Latin America. Our AS and PS solutions are
    marketed primarily in North America and Europe, with a focus on
    both new accounts and existing accounts. Our revenue from sales
    outside the United States during the years ended
    December&#160;31, 2007, 2008 and 2009 totaled approximately
    $1.48&#160;billion, $1.64&#160;billion and $1.67&#160;billion,
    respectively.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Brand and
    Intellectual Property</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We own registered marks for the SUNGARD name and own or have
    applied for trademark registrations for many of our services and
    software products.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To protect our proprietary services and software, we rely upon a
    combination of copyright, patent, trademark and trade secret
    law, confidentiality restrictions in contracts with employees,
    customers and others, software security measures, and registered
    copyrights and patents. We also have established policies
    requiring our personnel and representatives to maintain the
    confidentiality of our proprietary property. We have a few
    registrations of our copyrights and a number of patents and
    patent applications pending. We will continue to apply for
    software and business method patents on a
    <FONT style="white-space: nowrap">case-by-case</FONT>
    basis and will continue to monitor ongoing developments in the
    evolving software and business method patent field (see
    &#147;Risk Factors&#148;).
</DIV>
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    <BR>
    61
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Competition</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Because most of our computer services and software solutions are
    specialized and technical in nature, most of the niche areas in
    which we compete have a relatively small number of significant
    competitors. Some of our existing competitors and some potential
    competitors have substantially greater financial, technological
    and marketing resources than we have (see &#147;Risk
    Factors&#148;).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Financial Systems.</I>&#160;&#160;In our FS business, we
    compete with numerous other data processing and software vendors
    that may be broadly categorized into two groups. The first group
    is comprised of specialized financial systems companies that are
    much smaller than we are. The second group is comprised of large
    computer services companies whose principal businesses are not
    in the financial systems area, some of which are also active
    acquirors. We also face competition from the internal processing
    and IT departments of our customers and prospects. The key
    competitive factors in marketing financial systems are the
    accuracy and timeliness of processed information provided to
    customers, features and adaptability of the software, level and
    quality of customer support, degree of responsiveness, level of
    software development expertise, total cost of ownership and
    return on investment. We believe that we compete effectively
    with respect to each of these factors and that our leadership,
    reputation and experience in this business are important
    competitive advantages.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Higher Education and Public Sector.</I>&#160;&#160;In our HE
    and PS businesses, we compete with a variety of other vendors
    depending upon customer characteristics such as size, type,
    location, computing environment and functional requirements. For
    example, different competitors serve educational institutions
    and government agencies of different sizes or types and in
    different states or geographic regions. Competitors in these
    businesses range from larger providers of generic enterprise
    resource planning systems to smaller providers of specialized
    applications and technologies. We also compete with outsourcers
    and systems integrators, as well as the internal processing and
    information technology departments of our customers and
    prospective customers. The key competitive factors in marketing
    higher education and public sector systems are the accuracy and
    timeliness of processed information provided to customers,
    features and adaptability of the software, level and quality of
    customer support, degree of responsiveness, level of software
    development expertise and overall net cost. We believe that we
    compete effectively on each of these factors and that our
    leadership, reputation and experience in these businesses are
    important competitive advantages.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Availability Services.</I>&#160;&#160;In our AS business, our
    greatest source of competition for recovery and advanced
    recovery services is in-house dedicated solutions, which are
    solutions that our customers or prospective customers develop
    and maintain internally instead of purchasing from a vendor such
    as us. Historically, our single largest commercial competitor in
    the AS business for recovery and advanced recovery services has
    been IBM Corporation, which we believe is the only company other
    than ours that currently provides the full continuum of
    information availability services. We also face competition from
    specialized vendors, including hardware manufacturers,
    data-replication and virtualization software companies,
    outsourcers, managed hosting companies, IT services companies
    and telecommunications companies. Competition among managed or
    data center service providers is fragmented across various
    competitor types, such as major telecommunication providers,
    carrier neutral managed services providers, real estate
    investment trusts, IT outsourcers and regional colocation
    providers. We believe that we compete effectively with respect
    to the key competitive dimensions in the information
    availability industry, namely economies of scale, quality of
    infrastructure, scope and quality of services, including breadth
    of hardware platforms and network capacity, level and quality of
    customer support, level of technical expertise, vendor
    neutrality and price. We also believe that our experience and
    reputation as an innovator in information availability
    solutions, our proven track record, our financial stability and
    our ability to provide the entire portfolio of information
    availability services as a single vendor solution are important
    competitive advantages.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Employees</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2009, we had approximately
    20,700&#160;employees. We believe that our success depends
    partly on our continuing ability to retain and attract skilled
    technical, sales and management personnel. While skilled
    personnel are in high demand and competition exists for their
    talents, we believe that we have been
</DIV>
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    <BR>
    62
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    able to retain and attract highly qualified personnel (see
    &#147;Risk Factors&#148;). We believe that our employee
    relations are excellent.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Sustainable
    Development</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have a strong commitment to sustainability. The customers,
    communities and environment we do business with and in are
    increasingly influenced by sustainability issues. Most of our
    businesses already have established practices for recycling,
    conservation and disposal of hazardous materials. We believe in
    accountability, doing business ethically and doing the right
    thing. We remain dedicated to establishing a corporate culture
    of sustainable development to help ensure that SunGard can
    continue to take pride in what we do and the way we do&#160;it.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    During 2009, we produced our first Sustainability Report. We
    have been collecting data since 2008 to establish a baseline
    carbon footprint. The primary sources of our carbon footprint
    are the electricity that we use to power our data centers and
    office facilities and the air travel that we undertake in the
    course of doing business. SunGard is a large consumer of
    electricity in our 5,000,000&#160;square feet of data center and
    operations space. In our Availability Services business, we
    track and manage our utility bills in the U.S.&#160;and have
    installed Internet meters in the U.K. We track and report our
    carbon footprint using an environmental management system. For
    further information, please refer to SunGard&#146;s 2008
    Sustainability Report which is available at
    <FONT style="white-space: nowrap">http://sungard.com/aboutsungard/corporateresponsibility.aspx.</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We also continued our partnerships with the World Business
    Council on Sustainable Development, The Green Grid organization
    and the Corporate Eco-Forum as part of our objective to work
    with companies across industries to implement best practices. We
    are a signatory to the Bali, Poznan and Copenhagen
    communiqu&#233;s of the Prince of Wales&#146;s Corporate Leaders
    Group on Climate Change, and we are also partners of the
    Prince&#146;s Rainforest Project. During 2009, we also
    participated in the Environmental Defense Fund&#146;s Climate
    Corps program as part of Kohlberg Kravis Roberts&#146; Green
    Portfolio Project.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Properties
    and Facilities</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We lease space, primarily for availability services facilities,
    data centers, sales offices, customer support offices and
    administrative offices, in many locations worldwide. We also own
    some of our computer and office facilities. Our principal
    facilities include our leased Availability Services facilities
    in Philadelphia, Pennsylvania (640,000&#160;square feet),
    Carlstadt, New Jersey (578,600&#160;square feet), and Hounslow,
    England (195,000&#160;square feet) and include our financial
    systems application service provider centers in Voorhees, New
    Jersey, Birmingham, Alabama, Burlington, Massachusetts, Hopkins,
    Minnesota; Ridgefield, New&#160;Jersey and Wayne, Pennsylvania.
    We believe that our leased and owned facilities are adequate for
    our present operations.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Legal
    Proceedings</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are presently a party to certain lawsuits arising in the
    ordinary course of our business. We believe that none of our
    current legal proceedings will be material to our business,
    financial condition or results of operations.
</DIV>
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    <BR>
    63
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<A name='110'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">MANAGEMENT</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our executive officers and directors are listed below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="29%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="63%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Age</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Principal Position with SunGard Data Systems Inc.</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Executive Officers</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    James E. Ashton III
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    51
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Division Chief Executive Officer, Financial Systems
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Kathleen Asser Weslock
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    54
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Senior Vice President&#160;&#151; Human Resources and Chief
    Human Resources Officer
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Crist&#243;bal Conde
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    50
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    President, Chief Executive Officer and Director
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Harold C. Finders
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    54
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Division Chief Executive Officer, Financial Systems
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Till M. Guldimann
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    61
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Vice Chairman
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Ron M. Lang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    58
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Group Chief Executive Officer, Higher Education
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Thomas J. McDugall
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    53
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Chief Financial Officer, Financial Systems
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Karen M. Mullane
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    45
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Vice President and Controller
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Brian Robins
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    51
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Senior Vice President and Chief Marketing Officer
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Gilbert O. Santos
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    50
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Group Chief Executive Officer, Public Sector
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Victoria E. Silbey
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    46
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Senior Vice President&#160;&#151; Legal and General Counsel
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Richard C. Tarbox
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    57
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Senior Vice President&#160;&#151; Corporate Development
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Robert F. Woods
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    55
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Senior Vice President&#160;&#151; Finance and Chief Financial
    Officer
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Directors</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Chinh E. Chu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    43
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Director
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    John Connaughton
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    44
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Director
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    James H. Greene, Jr.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    59
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Director
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Glenn H. Hutchins
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    54
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Chairman of the Board of Directors
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    James L. Mann
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    76
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Director
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    John Marren
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    47
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Director
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sanjeev Mehra
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    51
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Director
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Julie Richardson
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    47
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Director
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Ashton has been Division&#160;Chief Executive Officer,
    Financial Systems, since 2007. Mr.&#160;Ashton was Group Chief
    Executive Officer, SunGard Trading, Treasury&#160;&#038; Risk
    Management from 2005 to 2007. Mr.&#160;Ashton served as Group
    Chief Executive Officer, SunGard Trading and Risk Systems from
    1999 to 2005 and Group Chief Executive Officer, SunGard Treasury
    Systems from 2003 to 2005. From 1997 to 1999, he served as
    Senior Vice President and General Manager of a wealth management
    systems business that we acquired in 1997.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ms.&#160;Asser Weslock has been Senior Vice
    President&#160;&#151; Human Resources and Chief Human Resources
    Officer since 2006. From 2005 to 2006, Ms.&#160;Asser Weslock
    was head of Human Resources at Deloitte Financial Services LLP,
    and from 2001 to 2005 she was Director of Global Human Resources
    for Shearman&#160;&#038; Sterling LLP, an international law
    firm. Ms.&#160;Asser Weslock has over twenty years of human
    resources experience as both a consultant and a practitioner.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Conde has been Chief Executive Officer since 2002,
    President since 2000 and a director since 1999. Mr.&#160;Conde
    served as Chief Operating Officer from 1999 to 2002 and
    Executive Vice President from 1998 to 1999. Before then,
    Mr.&#160;Conde was Chief Executive Officer of SunGard Trading
    Systems Group from 1991 to 1998. Mr.&#160;Conde was cofounder of
    a trading and risk systems business that we acquired in 1987.
    Mr.&#160;Conde is presently serving as Interim Group Chief
    Executive Officer, SunGard Availability Services.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Finders has been Division&#160;Chief Executive Officer,
    Financial Systems, since 2007. Mr.&#160;Finders was Group Chief
    Executive Officer, SunGard Europe from 2005 to 2007. From 2001
    to 2005, Mr.&#160;Finders headed the SunGard Investment
    Management Systems businesses based in Europe. From 1996 to
    2001, he held
</DIV>
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    64
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    various senior management positions with us overseeing a number
    of our European financial systems businesses. Mr.&#160;Finders
    headed a Geneva-based wealth management systems business that we
    acquired in 1996.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Guldimann has been Vice Chairman since 2002. He was our
    Senior Vice President, Strategy and a member of our board of
    directors from 1999 to 2002. Mr.&#160;Guldimann was Vice
    Chairman from 1997 to 1999 and Senior Vice President from 1995
    to 1997 of a trading and risk systems business that we acquired
    in 1998.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Lang has been Group Chief Executive Officer, SunGard
    Higher Education since 2009 and Group Chief Executive Officer,
    Enterprise Solutions Group from 2005 until January 2009. He was
    Chief Product Officer&#160;&#151; Financial Systems from January
    to December 2005. From 2000 to 2005, Mr.&#160;Lang was Group
    Chief Executive Officer, SunGard Trading Systems and was
    responsible for our SunGard Brokerage Systems and SunGard
    Financial Networks groups from 2003 to January 2005.
    Mr.&#160;Lang was Vice President of Marketing from 1997 to 1998
    and President from 1998 to 2000 of a trading and risk systems
    business that we acquired in 1998.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;McDugall has been Senior Vice President, Financial
    Systems Chief Financial Officer since 2006. From 2005 to 2006 he
    served as Group Chief Financial Officer for several groups
    within Financial Systems. From 1994 to 2005, Mr.&#160;McDugall
    held various positions with us. Mr.&#160;McDugall is a director
    <FONT style="white-space: nowrap">and/or</FONT>
    officer of most of our domestic subsidiaries.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ms.&#160;Mullane has been Vice President and Controller since
    2006, Vice President and Director of SEC Reporting from 2005 to
    2006, Director of SEC Reporting from 2004 to 2005 and Manager of
    SEC Reporting from 1999 to 2004. From 1997 to 1999, she was Vice
    President of Finance at NextLink Communications of Pennsylvania
    and, from 1994 to 1997, she was Director of Finance at EMI
    Communications. Ms.&#160;Mullane is a director
    <FONT style="white-space: nowrap">and/or</FONT>
    officer of most of our domestic subsidiaries.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Robins has been Senior Vice President&#160;&#151; Chief
    Marketing Officer since 2005. From 2003 to 2005, he was Senior
    Vice President&#160;&#151; Corporate Marketing and was Vice
    President&#160;&#151; Corporate Marketing from 2000 to 2003.
    From 1995 to 2000, Mr.&#160;Robins held various marketing
    positions, including Vice President&#160;&#151; Marketing, with
    a trading and risk systems business that we acquired in 1998.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Santos has been Group Chief Executive Officer, SunGard
    Public Sector since 2007. Mr.&#160;Santos held various senior
    executive positions, including most recently President and Chief
    Executive Officer, with a business that we acquired in 2003 and
    that he joined in 1998. From 1983 to 1998, Mr.&#160;Santos held
    various executive positions at Motorola, Inc., including
    Director of the Public Sector Solutions Division and Land Mobile
    Sector Strategy Office.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ms.&#160;Silbey has been Senior Vice President&#160;&#151; Legal
    and General Counsel since 2006 and Vice President&#160;&#151;
    Legal and General Counsel from 2005 to 2006. From 1997 to 2005,
    Ms.&#160;Silbey held various legal positions with us, including
    Vice President&#160;&#151; Legal and Assistant General Counsel
    from 2004 to 2005. From 1991 to 1997, she was a lawyer with
    Morgan, Lewis&#160;&#038; Bockius LLP, Philadelphia.
    Ms.&#160;Silbey is a director and officer of most of our
    domestic and foreign subsidiaries.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Tarbox has been Senior Vice President&#160;&#151;
    Corporate Development since 2001 and was Vice
    President&#160;&#151; Corporate Development from 1987 to 2001.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Woods has been Senior Vice President&#160;&#151;
    Finance and our Chief Financial Officer since January 2010. From
    2004 to 2009, Mr.&#160;Woods was chief financial officer of IKON
    Office Solutions, a document management systems and services
    company. Previously, he served as vice president and controller
    and vice president and treasurer at IBM Corporation and vice
    president, finance for IBM Asia-Pacific. Mr.&#160;Woods is
    currently a director of Insight Enterprises, Inc.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Chu has been a Director since 2005. Mr.&#160;Chu is a
    Senior Managing Director in the Corporate Private Equity group
    of The Blackstone Group, a private equity firm which he joined
    in 1990. Mr.&#160;Chu serves on the Boards of Directors of
    Alliant Insurance Services, Inc., Bank United, Bayview, Catalent
    Pharma Solutions, Inc., DJO Incorporated, Graham Packaging
    Company Inc. and HealthMarkets, Inc. and previously served on
    the Board of Directors of Celanese Corporation.
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Connaughton has been a Director since 2005.
    Mr.&#160;Connaughton has been a Managing Director of Bain
    Capital Partners, LLC, a global private investment firm, since
    1997 and a member of the firm since 1989. Mr.&#160;Connaughton
    serves on the Boards of Directors of Clear Channel, CRC Health
    Group, Quintiles Transnational Corp., The Boston Celtics, Warner
    Chilcott, Warner Music Group Corp. and Hospital Corporation of
    America and previously served on the Board of Directors of AMC
    Theatres and Stericycle Inc.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Greene has been a Director since 2005. Mr.&#160;Greene
    joined Kohlberg Kravis Roberts&#160;&#038; Co. LP, a global
    alternative asset management firm (&#147;KKR&#148;), in 1986 and
    was a General Partner of KKR from 1993 until 1996, when he
    became a member of KKR&#160;&#038; Co. L.L.C. until October
    2009. Mr.&#160;Greene is currently a member of KKR Management,
    LLC, which is the general partner of KKR&#160;&#038; Co. L.P.
    Mr.&#160;Greene serves on the Board of Directors of Aricent
    Inc., Avago Technologies Limited, TASC, Inc., Western New York
    Energy, LLC and Zhone Technologies, Inc. and previously served
    on the Board of Directors of Accuride Corporation, Alliance
    Imaging, Inc., Owens&#160;&#151; Illinois, Inc., Shoppers Drug
    Mart Corporation and Sun Microsystems, Inc.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Hutchins has been Chairman of the Board of Directors
    since 2005. Mr.&#160;Hutchins is a co-founder and Co-Chief
    Executive of Silver Lake, a technology investment firm that was
    established in 1999. Mr.&#160;Hutchins serves on the Board of
    Directors of The Nasdaq OMX Group, Inc. and previously served on
    the Board of Directors of Gartner, Inc., Seagate Technology and
    TD Ameritrade Holding Corp.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Mann has been a Director since September 2006 and has
    been employed by SunGard since 1983. Mr.&#160;Mann served as
    Chairman of the Board from 1987 to 2005 and as a Director from
    1983 to 1986. Mr.&#160;Mann served as Chief Executive Officer
    from 1986 to 2002, President from 1986 to 2000, and Chief
    Operating Officer from 1983 to 1985. Mr.&#160;Mann serves on the
    Board of Directors of athenahealth, Inc.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Marren has been a Director since 2005. Mr.&#160;Marren
    joined TPG Capital LP, a private equity firm, in 2000 as a
    partner and leads the firm&#146;s technology team. From 1996 to
    2000, he was a Managing Director at Morgan Stanley. From 1992 to
    1996, he was a Managing Director and Senior Semiconductor
    Research Analyst at Alex Brown&#160;&#038; Sons. Mr.&#160;Marren
    is currently the Chairman of the Board of MEMC Electronic
    Materials, Inc. and serves on the Board of Directors of Aptina,
    Avaya Inc., Freescale Semiconductor Inc., Intergraph Corp. and
    Isola Group SARL and previously served on the Board of Directors
    of ON Semiconductor Corporation and Conexant Systems Inc.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Mehra has been a Director since 2005. Mr.&#160;Mehra
    has been a partner of Goldman, Sachs&#160;&#038; Co. since 1998
    and a Managing Director of Goldman, Sachs&#160;&#038; Co.&#146;s
    Principal Investment Area of its Merchant Banking Division since
    1996. He serves on the Boards of Directors of ARAMARK
    Corporation, Burger King Corporation, First Aviation Services,
    Inc., Hawker Beechcraft, Inc., KAR Auction Services, Inc. and
    Sigma Electric and previously served on the Board of Directors
    of Nalco Holding Company and Hexcel Corporation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ms.&#160;Richardson has been a Director since 2005.
    Ms.&#160;Richardson has been a Managing Director of Providence
    Equity Partners since 2003 and oversees the New York-based team.
    Between 1998 and 2003, Ms.&#160;Richardson held various roles at
    JPMorgan, including Vice Chairman of the firm&#146;s investment
    banking division and Global Co-Head of the firm&#146;s Telecom,
    Media and Technology group. Prior to joining JPMorgan in 1998,
    Ms.&#160;Richardson was a Managing Director at Merrill Lynch,
    where she spent over 11&#160;years. Ms.&#160;Richardson serves
    on the Boards of Directors of Altegrity, Open Solutions Inc. and
    Stream Global Services.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Amended and Restated Certificate of Incorporation of SCC is
    structured to permit the holders of specific classes of
    Class&#160;A common stock representing funds affiliated with
    each Sponsor group to elect separate directors (the
    &#147;Sponsor Directors&#148;) and also allows for the holders
    of all outstanding common stock to elect the chief executive
    officer as an additional director (the &#147;CEO
    director&#148;). The Principal Investor Agreement dated
    August&#160;10, 2005 by and among the four parent companies and
    the Sponsors further contains agreements among the parties with
    respect to the election of our directors. Each Sponsor is
    entitled to elect one representative to the Board of Directors
    of SCC, which will then cause the Board of Directors or
    Managers, as applicable, of the other three parent companies and
    of SunGard to consist of the same members. In August 2005, in
    accordance with both the Amended and Restated Certificate of
    Incorporation of SCC and the Principal Investor Agreement, each
    of Ms.&#160;Richardson and Messrs.&#160;Chu, Connaughton,
    Greene, Hutchins,
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Marren and Mehra were elected to the Boards as Sponsor Directors
    and Mr.&#160;Conde was elected to the Boards as the CEO Director.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In accordance with the charter of the Nominating and Corporate
    Governance Committee, to the extent consistent with applicable
    agreements, the Nominating and Corporate Governance Committee
    will identify, recommend and recruit qualified candidates to
    fill new positions on the Boards and will conduct the
    appropriate and necessary inquiries into the backgrounds and
    qualifications of possible candidates. In September 2006, James
    L. Mann was selected to serve as a director due to his extensive
    business and management expertise from having served as
    SunGard&#146;s chief executive officer from 1986 to 2002, his
    acute business judgment, and his extensive knowledge of the
    industries in which the Company operates.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a group, the Sponsor Directors possess experience in owning
    and managing enterprises like the Company and are familiar with
    corporate finance, strategic business planning activities and
    issues involving stakeholders more generally. All of the
    Company&#146;s directors possess high ethical standards, act
    with integrity, and exercise careful, mature judgment. Each is
    committed to employing their skills and abilities to aid the
    long-term interests of the stakeholders of the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Board has determined that Mr.&#160;Connaughton qualifies as
    an &#147;audit committee financial expert&#148; within the
    meaning of regulations adopted by the Securities and Exchange
    Commission. Mr.&#160;Connaughton is not an independent director
    because of his affiliation with Bain Capital Partners, LLC, the
    affiliated funds of which hold a 13.70% equity interest in SCC
    and SCCII (collectively referred to as the &#147;Parent
    Companies&#148;).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We adopted a Global Business Conduct and Compliance Program that
    is applicable to our directors and employees, including the
    chief executive officer, chief financial officer and controller.
    The Global Business Conduct and Compliance Program is available
    on our website at www.sungard.com/corporateresponsibility. A
    free copy of our Global Business Conduct and Compliance Program
    may be requested from:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SunGard Data Systems Inc.<BR>
    Chief Compliance Officer<BR>
    680 East Swedesford Road<BR>
    Wayne, PA 19087
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If we make any substantive amendments to the Global Business
    Conduct and Compliance Program which apply to our chief
    executive officer, chief financial officer or controller or
    grant any waiver, including any implicit waiver, from a
    provision of the Global Business Conduct and Compliance Program
    to our directors&#160;or executive officers, we will disclose
    the nature of the amendment or waiver on our website at
    www.sungard.com/corporateresponsibility or in a report on
    <FONT style="white-space: nowrap">Form&#160;8-K.</FONT>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Executive
    Compensation</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Compensation
    Discussion and Analysis</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This section discusses the principles underlying our executive
    compensation policies and decisions. It provides qualitative
    information regarding the manner in which compensation is earned
    by our executive officers and places in context the data
    presented in the tables that follow. In addition, in this
    section, we address the compensation paid or awarded during
    fiscal year 2009 to our chief executive officer (principal
    executive officer), chief financial officer (principal financial
    officer) and three other executive officers who were the most
    highly compensated executive officers in fiscal year 2009. We
    refer to these five executive officers as our &#147;named
    executives.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our executive compensation program is overseen and administered
    by the Compensation Committee. The Compensation Committee
    operates under a written charter adopted by our Board and has
    responsibility for discharging the responsibilities of the Board
    of Directors relating to the compensation of the Company&#146;s
    executive officers and related duties. Management, including our
    chief executive officer, or CEO, evaluates a number of factors
    in developing cash and equity compensation recommendations to
    the Compensation Committee for its consideration and approval.
    Following this in-depth review and in consultation with
    management, our CEO makes compensation recommendations for our
    corporate executive officers and our
</DIV>
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    67
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    named executives, including the CEO, to the Compensation
    Committee based on his evaluation of each officer&#146;s
    performance, expectations for the coming year and market
    compensation data. Our CEO also provides an overview of
    compensation for other executive officers. The Compensation
    Committee reviews these proposals and makes all final
    compensation decisions for corporate executive officers and
    named executives by exercising its discretion in accepting,
    modifying or rejecting any management recommendations, including
    any recommendations from our CEO.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Objectives
    of Our Compensation Program</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our executive compensation program is intended to meet three
    principal objectives:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to provide competitive compensation packages to attract and
    retain superior executive talent;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to reward successful performance by the executive and the
    Company by linking a significant portion of compensation to
    future financial and business results;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to further align the interests of executive officers with those
    of our ultimate stockholders by providing long-term equity
    compensation and meaningful equity ownership.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To meet these objectives, our compensation program balances
    short-term and long-term performance goals and mixes fixed and
    at-risk compensation that is directly related to stockholder
    value and overall performance.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our compensation program for senior executives, including the
    named executives, is designed to reward Company performance. The
    compensation program is intended to reinforce the importance of
    performance and accountability at various operational levels,
    and therefore a significant portion of total compensation is in
    both cash and stock-based compensation incentives that reward
    performance as measured against established goals, i.e.,
    &#147;pay for performance.&#148; Each element of our
    compensation program is reviewed individually and considered
    collectively with the other elements of our compensation program
    to ensure that it is consistent with the goals and objectives of
    both that particular element of compensation and our overall
    compensation program. For each named executive, we look at each
    individual&#146;s contributions to our overall results, our
    operating and financial performance compared with the targeted
    goals, and our size and complexity compared with companies in
    our compensation peer group.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Elements
    of Our Executive Compensation Program</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In 2009, the principal elements of compensation for named
    executives were:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    annual cash compensation consisting of base salary and
    performance-based incentive bonuses;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    long-term equity incentive compensation;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    benefits and perquisites;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    severance compensation and change of control protection.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Annual
    Cash Compensation</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Management, including our CEO, develops recommendations for
    annual executive cash compensation plans by using compensation
    survey data for a broad set of organizations of comparable
    business, size and complexity, and then compares the survey
    results to publicly available compensation data for a group of
    companies we consider to be our peer group. We believe that the
    compensation practices of these companies provide us with
    appropriate benchmarks because they also provide technology
    products and services to a variety of customers and compete with
    us for executives and other employees.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The survey data used for 2009 compensation purposes comes from
    two sources: Radford Executive Benchmark Survey, which focuses
    on technology companies; and Towers Perrin Compensation Data
    Bank, which focuses on a broader array of organizations
    including professional services, high-tech and manufacturing
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    companies. For purposes of establishing compensation
    recommendations, we use a blend of the Radford and Towers Perrin
    survey data to reflect our size and industry.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    From the Radford survey data for our corporate-level named
    executives, we assessed compensation from 211 public and private
    companies using a weighted average of 25% for companies with
    annual revenues between $1&#160;billion and $3&#160;billion and
    a 75% weighted average for companies with annual revenues over
    $3&#160;billion. From the Radford survey data for our
    division-level named executives, we assessed compensation from
    193 public and private companies with annual revenues from
    $0.5&#160;billion to $3&#160;billion. From the Towers Perrin
    survey data we assessed compensation of 103&#160;companies with
    annual revenues statistically regressed to $5.5&#160;billion for
    our corporate-level named executives and 142&#160;companies with
    annual revenues statistically regressed to the applicable
    SunGard division&#146;s revenue for our division-level named
    executives.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The companies we consider within our peer group are financial
    services and software companies of similar industry and revenue
    as the Company, and some of which various businesses within the
    Company compete against for business and for talent. Peer group
    compensation data is limited to publicly available information
    and therefore generally does not provide precise comparisons by
    position as offered by the more comprehensive survey data from
    Radford and Towers Perrin. As a result, the peer group data
    provides limited guidance and does not dictate the setting of
    executive officers&#146; compensation. The following companies
    comprised our peer group in 2009:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
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</TR>
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<TR valign="bottom">
<TD align="left" valign="top">
    Automatic Data Processing, Inc.<BR>
    BMC Software, Inc.<BR>
    Broadridge Financial Solutions, Inc.<BR>
    Computer Sciences Corporation<BR>
    Convergys Corporation
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    DST Systems, Inc.<BR>
    Fidelity National Information<BR>
    &#160;Services, Inc.<BR>
    Fiserv, Inc.<BR>
    Iron Mountain Incorporated
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    MasterCard Incorporated<BR>
    Paychex, Inc.<BR>
    SEI Investments Company<BR>
    The Western Union Company
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our annual cash compensation packages for executive officers
    include base salary and a performance-based executive incentive
    compensation (&#147;EIC&#148;) bonus. We generally target the
    60th&#160;percentile of the survey data as our benchmark for
    base salary and the 85th&#160;percentile as our benchmark for
    total on-target cash compensation. Because we pay for
    performance, we weight the cash compensation more heavily toward
    the performance incentives and less toward the base salary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In early 2009, because the economic outlook remained uncertain
    and in order to best position our Company to emerge from the
    economic crisis stronger, we determined that there would be no
    2009 increases of salary or target EIC bonus for employees,
    including the named executives.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Base Salary.</I>&#160;&#160;For base salary, we generally
    target the 60th&#160;percentile of the blended survey data to
    provide a fixed compensation based on competitive market
    practice that is not subject to performance risk while also
    considering other factors, such as individual and Company
    performance. We review the base salaries for each named
    executive annually as well as at the time of any promotion or
    significant change in job responsibilities. Base salaries are
    determined for each named executive based on his or her position
    and responsibility by using survey data. Salary for each named
    executive for calendar year 2009 is reported in Table
    1&#160;&#151; Summary Compensation Table below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Performance-Based Incentive Compensation.</I>&#160;&#160;The
    annual EIC bonus for executive officers is designed to reward
    our executives for the achievement of annual financial goals
    related to the business for which they have responsibility. A
    minimum incentive may be earned at threshold EIC goals, which
    are set generally at levels that reflect an improvement over
    prior year results, and no payment is awarded if the threshold
    goal is not achieved. On-target EIC goals are set generally at
    levels that reflect budgeted performance. Consistent with our
    focus on pay for performance, additional amounts can be earned
    when actual performance exceeds on-target performance.
    Additional mid-point goals between threshold and target with
    corresponding incentive amounts are also established. The
    Company may revise or cancel an executive&#146;s EIC at any time
    as a result of a significant change in circumstances or the
    occurrence of an unusual event that was not anticipated when the
    performance plan was approved. Internal EBITA targets are
    adjusted to take into account acquisitions
    <FONT style="white-space: nowrap">and/or</FONT>
    dispositions which were not included in the budgeted EIC targets
    and other one-time adjustments as approved by the Compensation
    Committee.
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The financial measures used for the 2009 EIC bonuses for the
    named executives were one or both of the following:
    (i)&#160;Internal EBITA, which represents actual earnings before
    interest, taxes and amortization, noncash stock compensation
    expense, management fees paid to the Sponsors and certain other
    unusual items and (ii)&#160;budgeted revenue growth of the
    Company&#146;s business segments. These metrics were selected as
    the most appropriate measures upon which to base the 2009 EIC
    bonuses for the named executives because they are important
    metrics that management and the Sponsors use to evaluate the
    performance of the Company. While we have established threshold,
    mid-point, and on-target Internal EBITA goals, as set forth in
    the table below, EIC bonuses may be increased if the applicable
    Internal EBITA goal is exceeded. As a result, the named
    executives may be entitled to receive an increase in bonus equal
    to a small percentage of the amount by which the applicable
    Internal EBITA goal is exceeded. We refer to any such increase
    in the bonus as an &#147;override.&#148; Because the 2009
    on-target goal was lower than the 2008 on-target goal as a
    result of the impact of the economic crisis on the Company, it
    was determined that for the corporate-level named executives,
    Messrs.&#160;Conde, Ruane and Tarbox, (i)&#160;if the actual
    2009 Internal EBITA is above the 2009 Internal EBITA goal but
    below the actual 2008 Internal EBITA, they would receive 1/3 of
    the applicable override; and (ii)&#160;if the actual 2009
    Internal EBITA exceeds the actual 2008 Internal EBITA, they
    would receive the override amount described in clause&#160;(i)
    plus an amount equal to the override rate multiplied by the
    amount by which the actual 2009 Internal EBITA exceeds actual
    2008 Internal EBITA. For our division-level named executives,
    Messrs.&#160;Ashton and Finders, EIC bonuses earned on the
    achievement of Internal EBITA goals were also subject to a
    multiplier that, depending upon the achievement of
    <FONT style="white-space: nowrap">year-over-year</FONT>
    revenue growth goals of the Financial Systems segment, could
    result in a further increase or decrease of any bonus earned
    based on the achievement of Internal EBITA goals. As set forth
    in the table below, the multiplier ranged from 0 to 1.5, meaning
    that revenue growth results could reduce or increase amounts
    earned by these named executives based on the achievement of
    Internal EBITA goals; with a multiplier of 1 resulting in no
    adjustment to the award established by the Internal EBITA goals.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table provides the 2009 threshold, mid-point and
    on-target Internal EBITA goals for the named executives and the
    EIC bonuses paid to them based on actual results from 2009:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="53%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Actual 2009<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="11" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Internal EBITA Goals</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>EIC Bonus<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name and Type of Internal EBITA Goal</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Threshold</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Mid-Point</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>On-Target</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Payment</B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="7" align="center" valign="bottom">
    <B>(In thousands)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Crist&#243;bal Conde
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,054,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,081,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,109,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,168,428
</TD>
<TD nowrap align="left" valign="bottom">
    (1)
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 10pt">
    Consolidated Company Internal EBITA
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Michael J. Ruane
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,054,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,081,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,109,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    808,996
</TD>
<TD nowrap align="left" valign="bottom">
    (1)
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 10pt">
    Consolidated Company Internal EBITA
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    James E. Ashton&#160;III
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    529,985
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    543,932
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    557,879
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,355,091
</TD>
<TD nowrap align="left" valign="bottom">
    (2)
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 10pt">
    Financial Systems Segment Internal EBITA
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Harold C. Finders
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    529,985
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    543,932
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    557,879
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,365,180
</TD>
<TD nowrap align="left" valign="bottom">
    (2)
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 10pt">
    Financial Systems Segment Internal EBITA
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Richard C. Tarbox(2)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,054,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,081,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,109,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    808,996
</TD>
<TD nowrap align="left" valign="bottom">
    (1)
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 10pt">
    Consolidated Company Internal EBITA
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the EIC bonus earned as a result of the consolidated
    Company exceeding the on-target 2009 Internal EBITA goal but not
    the actual 2008 Internal EBITA. Thus, the bonus amount earned
    reflects the on-target EIC amount plus 1/3 of the applicable
    override.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the EIC bonus earned as a result of the Financial
    Systems Segment exceeding the on-target 2009 Internal EBITA
    goal. Thus, the bonus amount earned reflects the on-target EIC
    amount plus the override. The revenue multiplier applicable to
    the 2009 EBITA incentive amounts earned was 1 in 2009;
    therefore, it did not increase or decrease the incentive payment
    earned based on the achievement of the on-target Internal EBITA
    goal.</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    70
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table provides the low, target and maximum
    multiplier applicable to the 2009 Internal EBITA incentive
    amounts earned by Messrs.&#160;Ashton and Finders, which is
    based on the percentage increase or decrease in revenue of the
    Financial Systems segment as compared to the prior year.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="51%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>0 Multiplier<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>1 Multiplier<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>1.5 Multiplier<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Actual 2009<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Low</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Target</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Max</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Multiplier</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    James E. Ashton&#160;III
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2.0
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.5-7.0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7.0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 10pt">
    Financial Systems Segment Revenue Growth (% increase/(decrease)
    over prior year)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Harold C. Finders
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2.0
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.5-7.0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7.0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 10pt">
    Financial Systems Segment Revenue Growth (% increase/(decrease)
    over prior year)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Long-Term
    Equity Compensation</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We intend for our equity program to be the primary vehicle for
    offering long-term incentives and rewarding our executive
    officers, managers and key employees. Because of the direct
    relationship between the value of an option or restricted stock
    unit on Units (&#147;RSU&#148;) award and the value of our
    stock, we believe that granting a combination of Class&#160;A
    options and RSUs (&#147;hybrid awards&#148;) is the best method
    of motivating our executive officers to manage our Company in a
    manner that is consistent with the interests of our Company and
    our stockholders. We also regard our equity program as a key
    retention tool. Retention is an important factor in our
    determination of the type of award to grant and the number of
    underlying Units or shares to grant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In 2005 in connection with the Transaction, executive officers
    and other managers and key employees were granted a combination
    of time-based and performance-based options to purchase equity
    in the Parent Companies. The size of these initial option grants
    were commensurate with the executive&#146;s position,
    performance and tenure with the Company and were agreed to in
    connection with the Transaction. These grants were intended to
    cover the period between the grant date and December&#160;31,
    2010, absent promotions or other unusual circumstances. In 2007,
    Mr.&#160;Finders received an option award due to his promotion
    to Division&#160;Chief Executive Officer, Financial Systems. In
    2009, Messrs.&#160;Ashton, Finders and Tarbox received hybrid
    awards for outstanding performance in difficult economic
    conditions and for retention purposes. Additional information on
    all 2009 and outstanding grants to the named executives is shown
    in Table&#160;2&#160;&#151; 2009 Grants of Plan-Based Awards and
    Table 3&#160;&#151; Outstanding Equity Awards at 2009 Fiscal
    Year-End below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Performance-based options granted to the named executives in
    2005 and 2007 vest upon the attainment of certain annual or
    cumulative earnings goals based on Internal EBITA targets for
    the Company during a specified performance period, generally
    five or six years. The annual vesting goals for the
    performance-based options were agreed to by the Sponsors and
    senior management in 2005 in connection with the Transaction and
    require sustained and superior company-wide performance in each
    of the years in the performance period but allow for additional
    vesting for over performance.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In 2009, the performance-based equity awards were amended. As a
    result of the general economic situation, the turbulence in the
    financial services industry and continued uncertainty in the
    markets, the original performance targets established in 2005
    and the benefit of accelerated vesting for senior executives in
    certain liquidity events were determined to not be achievable.
    The performance-based equity held by named executives was
    amended to, among other things:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Reduce the performance targets for 2009 and 2010 to reflect the
    Company&#146;s enterprise-wide EBITA budget for the 2009 and
    2010 calendar years.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    At the amended targets, the number of shares earned depends on
    the percentage of the amended target that is achieved between
    95% and 106.25%.
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    71
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="2%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    If between 95% and 100% of the amended target is achieved, the
    number of shares that will be earned will be determined by
    interpolation at a specified linear rate based on the
    Company&#146;s actual EBITA results.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    If 100% of the amended target is achieved, approximately 72% of
    the shares that would have been earned if 100% of the original
    targets were achieved will be earned.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    If the amended target is achieved between 100% and 106.25%, an
    additional portion of the remaining 28% of the shares that could
    be earned for the year will be earned pro rata.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    If 106.25% of the amended target is achieved, the maximum number
    of shares that can be earned is the number that would have been
    earned in such year under the performance awards&#146; current
    terms if 100% of the original target had been achieved. In no
    case can 100% of the shares underlying the performance awards
    for 2009 and 2010 be earned solely under the amended targets.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    For each of 2009 and 2010, if the original target is achieved
    between 100% and 106.25%, then the remaining eligible shares for
    that year will be earned pro rata based on the Company&#146;s
    attainment of the original target between 100% and 106.25%.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    For each of 2009 and 2010, any shares earned will vest as
    follows: 25% of the earned award will vest on December 31 of the
    applicable calendar year, and the remaining 75% will vest in
    equal monthly installments over the next 36&#160;months, subject
    to continued employment. If the named executive&#146;s
    employment is terminated by the Company without cause or by the
    named executive for good reason or on account of his disability
    or death or if a change in control of the Company occurs after
    2009 or 2010, the unvested portion of the earned award for each
    of 2009 and 2010 will vest upon such event.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    For the named executives and certain other senior executives
    only, the performance-based awards were also amended to extend
    through 2013 the awards&#146; ability to vest on an accelerated
    basis in the event of a change in control of the Company. The
    amended awards will vest on an accelerated basis if a change in
    control transaction results in (i)&#160;the Company&#146;s
    investors receiving an amount constituting at least 300% of
    their initial equity investment in the Company and any
    subsequent equity investments and (ii)&#160;achievement of an
    internal rate of return by the Company&#146;s investors of at
    least 14%. Any portion of the awards that accelerate will vest
    on the one-year anniversary of the change in control, provided
    the executive remains employed with the Company through such
    date. If an executive terminates employment without cause,
    resigns for good reason, dies or becomes disabled during the
    one-year period following the change in control, the amount that
    would otherwise vest on the one-year anniversary will accelerate.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The amendments to the EBITA targets in each of the named
    executive&#146;s awards are the same as the 2009 amendments made
    to outstanding performance-based options and RSUs held by other
    Company employees.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The performance-based equity awarded in 2009 to the named
    executives have the same performance targets and vesting
    schedule for calendar years 2009 and 2010 as the amended
    performance-based equity awards described above. With respect to
    calendar years 2011&#160;&#151; 2013, vesting will occur upon
    the attainment of certain annual or cumulative earnings goals
    based on Internal EBITA targets for the Company for each year.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Based upon actual year-end 2009 results, 7.20% of each 2005
    performance-based option award vested out of a maximum of 16.67%
    available to vest each of six years in the performance period,
    and 8.64% of each 2007 and 2009 performance-based equity award
    vested out of a maximum of 20% available to vest each of five
    years in the performance period.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Benefits
    and Perquisites</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We offer a variety of health and welfare programs to all
    eligible employees, including the named executives. The named
    executives are eligible for the same benefit programs on the
    same basis as the rest of the Company&#146;s employees in the
    particular country in which the named executive resides,
    including medical
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    72
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and dental care coverage, life insurance coverage, short-and
    long-term disability and a 401(k) or defined contribution
    pension plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company limits the use of perquisites as a method of
    compensation and provides executive officers with only those
    perquisites that we believe are reasonable and consistent with
    our overall compensation program to better enable the Company to
    attract and retain superior employees for key positions. The
    perquisites provided to the named executives include leased
    automobiles and related tax
    <FONT style="white-space: nowrap">gross-ups</FONT>
    and are quantified in Table 1&#160;&#151; Summary Compensation
    Table below.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Employment
    Agreements, Severance Compensation&#160;&#038; Change of Control
    Protection</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with the Transaction, the Company entered into
    definitive employment agreements with certain senior managers,
    including the named executives. The executives with such
    agreements are eligible for payments if employment terminates or
    if there is a change of control, as described under
    &#147;Potential Payments on Termination or Change of
    Control&#148; below. The agreements were designed to retain
    executives and provide continuity of management in the event of
    an actual or threatened change of control.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The agreements include the following terms:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    A term through December&#160;31, 2010, with one-year automatic
    renewals unless terminated on one year&#146;s advance notice.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The same base salary as that payable by the Company prior to the
    Transaction, subject to annual adjustments, if any, made by the
    Board of Directors or the Compensation Committee of the Board,
    in consultation with the CEO. See &#147;Base Salary&#148; above
    for a description of the determination of base salary for the
    Company&#146;s senior management.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The opportunity to earn an annual cash bonus provided that the
    aggregate bonus opportunity for the senior management as a group
    will be consistent with that provided by the Company to
    executives as a group prior to the Transaction, although the
    Board of Directors may re-align the performance metrics and
    other terms in consultation with the CEO. See
    &#147;Performance-Based Incentive Compensation&#148; above for a
    description of the determination of cash bonuses for the
    Company&#146;s senior management.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Employee benefits consistent with those provided by the Company
    to executives prior to the Transaction, including the right to
    participate in all employee benefit plans and programs.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Participation in the equity plan of SCC and SCCII.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The right to receive certain severance payments, including upon
    a termination without &#147;cause,&#148; a resignation for
    &#147;good reason&#148; or a change of control, consistent with
    the severance payments provided for under the change of control
    agreement with the Company in effect prior to the Transaction.
    See &#147;Potential Payments Upon Termination or Change of
    Control&#148; below.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Certain restrictive covenants (noncompetition, confidentiality
    and nonsolicitation) that continue for applicable
    post-termination periods.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The right to receive a tax
    <FONT style="white-space: nowrap">gross-up</FONT>
    payment should any payment provided under the agreement be
    subject to the excise tax under section&#160;4999 of the
    Internal Revenue Code of 1986, as amended.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, under the terms of the equity awards made to
    executives, full or partial acceleration of vesting of equity
    occurs if a change of control takes place or due to certain
    other termination events. These arrangements and potential
    post-employment termination compensation payments are described
    in more detail in the section entitled &#147;Potential Payments
    Upon Termination or Change of Control&#148; below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Ruane resigned from his position as chief financial
    officer of the Company effective January&#160;1, 2010, but
    remains an employee of the Company in the role of chief
    financial officer of the Company&#146;s Availability
</DIV>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    73
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Services business. The Company and Mr.&#160;Ruane entered into
    an addendum dated December&#160;23, 2009 (the
    &#147;Addendum&#148;) to his employment agreement. The terms of
    the Addendum include the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Mr.&#160;Ruane&#146;s annual salary and executive incentive
    compensation plan will remain unchanged and shall be reviewed
    annually pursuant to the Company&#146;s normal compensation and
    performance review policies for senior level executives.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    An equity grant of 7,535 RSUs and 18,975 Class&#160;A options,
    which grant was approved by the Compensation Committee on
    February&#160;18, 2010.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    A total payment of $3,646,538, to be paid in equal semi-monthly
    installments over 24&#160;months commencing January&#160;1, 2010
    and ending December&#160;31, 2011, subject to
    Mr.&#160;Ruane&#146;s continued employment.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    If Mr.&#160;Ruane&#146;s employment is terminated without cause
    or due to his death or disability before December&#160;31, 2011,
    any remaining unpaid payments will be paid in a lump sum payment
    within 30&#160;days after the date of termination of employment.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    If Mr.&#160;Ruane&#146;s employment is terminated for cause or
    on account of voluntary termination before December&#160;31,
    2011, all such payments shall cease.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    If a change of control of the Company or a sale of the
    Company&#146;s Availability Services business occurs before
    December&#160;31, 2011 while Mr.&#160;Ruane is employed by the
    Company, any remaining unpaid payments will be paid in a lump
    sum payment upon or within 30&#160;days after the change of
    control of the Company or sale of the Company&#146;s
    Availability Services business, as applicable.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    No other severance amounts shall be payable to or on behalf of
    Mr.&#160;Ruane under Section&#160;2.1 of the Employment
    Agreement under any circumstances.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Accounting
    and Tax Implications</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The accounting and tax treatment of particular forms of
    compensation do not materially affect the Compensation
    Committee&#146;s compensation decisions. However, we evaluate
    the effect of such accounting and tax treatment on an ongoing
    basis and will make appropriate modifications to compensation
    policies where appropriate.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Stock
    Ownership</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company does not have a formal policy requiring stock
    ownership by management. Our senior managers, including the
    named executives, however, have committed significant personal
    capital to our Company in connection with the Transaction. See
    &#147;Beneficial Ownership&#148; below.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">2010
    Compensation Update</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In 2010, we made changes to the annual EIC bonus to ensure that
    we reward performance that is consistent with the our goals and
    appropriately balance short- and long-term incentives. The total
    2010 EIC bonus (including any override earned) will be capped at
    1.75 times the target EIC bonus for our corporate-level senior
    executives and at 3.0 times the target EIC bonus for our
    division-level senior executives.
</DIV>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    74
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Summary
    Compensation Table</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table contains certain information about
    compensation earned in 2009, 2008 and 2007 by the named
    executives.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Table
    1&#160;&#151; Summary Compensation Table</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="46%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=09 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=09 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=09 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=09 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=10 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=10 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=10 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=10 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Change in<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Pension<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Value and<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Non-Equity<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Nonqualified<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Incentive<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Deferred<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Plan<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Compen-<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>All Other<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Stock<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Option<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Compen-<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>sation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Compen-<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Salary<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Bonus<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Awards(1)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Awards(1)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>sation(2)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Earnings<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>sation(3)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Total<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name and Principal Position</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Year</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Crist&#243;bal Conde
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2009
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    931,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,168,428
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    57,879
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,157,307
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 8pt">
    President, Chief Executive
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2008
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    931,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,946,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    47,588
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,924,588
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 8pt">
    Officer and Director
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2007
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    887,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,883,400
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    46,110
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,816,510
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Michael J. Ruane(4)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2009
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    454,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    808,996
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    54,599
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,317,595
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 8pt">
    Former Senior Vice
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2008
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    454,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    726,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    46,712
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,226,712
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 8pt">
    President&#160;&#151; Finance and
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2007
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    430,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    698,851
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    40,145
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,168,996
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 8pt">
    Chief Financial Officer
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    James E. Ashton III(5)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2009
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    510,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    359,244
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13,285
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,355,091
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    57,049
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,294,669
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 8pt">
    Division&#160;Chief Executive
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2008
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    510,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    770,130
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    51,084
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,331,214
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 8pt">
    Officer
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2007
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    468,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,061,346
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    49,573
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,579,419
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Harold C. Finders(6)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2009
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    571,089
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    359,244
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13,285
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,365,180
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    119,963
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,428,761
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 8pt">
    Division&#160;Chief Executive
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2008
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    522,532
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    731,666
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    71,505
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,325,703
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 8pt">
    Officer
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2007
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    487,740
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,211,165
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,011,400
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    190,327
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,900,632
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Richard C. Tarbox(7)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2009
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    454,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    179,621
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,642
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    808,996
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    55,203
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,504,462
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 8pt">
    Senior Vice President&#160;&#151; Corporate Development
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    The amounts in these columns reflect the fair value as of grant
    date, in accordance with FAS&#160;123(R), of awards granted
    pursuant to the SunGard 2005 Management Incentive Plan.
    Performance-based awards granted before 2009 to the named
    executives were amended during 2009 but the amended awards had
    no incremental value (see the Compensation Discussion and
    Analysis above for a description of the amendments).</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    The amounts in this column reflect the cash EIC awards payable
    under performance-based incentive compensation, which is
    discussed in further detail above in the Compensation Discussion
    and Analysis.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    For Mr.&#160;Conde, amount includes health and welfare benefits,
    matching 401(k) savings plan contributions, car lease payments
    and related maintenance expenses, automobile tax
    <FONT style="white-space: nowrap">gross-ups</FONT>
    ($13,801 in 2009 and $12,341 in each of 2008 and 2007), and
    annual sales incentive award trips.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    For Mr.&#160;Ruane, amount includes health and welfare benefits,
    matching 401(k) savings plan contributions, car lease payments
    and related maintenance expenses, automobile tax
    <FONT style="white-space: nowrap">gross-ups</FONT>
    ($10,609 in 2009, $10,844 in 2008 and $11,066 in 2007), and in
    2009 a service award gift and related tax
    <FONT style="white-space: nowrap">gross-up</FONT>
    ($3,691).</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    For Mr.&#160;Ashton, amount includes health and welfare
    benefits, matching 401(k) savings plan contributions, car lease
    payments and related maintenance expenses, reimbursement of fuel
    expenses in 2007, automobile tax
    <FONT style="white-space: nowrap">gross-ups</FONT>
    ($9,317 in 2009, $11,524 in 2008, and $10,104 in 2007), and
    annual sales incentive award trips.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    For Mr.&#160;Finders, amount includes health and welfare
    benefits, company defined contribution pension plan
    contributions, car lease payments and related fuel and
    maintenance expenses, and annual sales incentive award trips.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    For Mr.&#160;Tarbox, amount includes health and welfare
    benefits, matching 401(k) savings plan contributions, car lease
    payments and related fuel and maintenance expenses, and an
    automobile tax
    <FONT style="white-space: nowrap">gross-up</FONT>
    ($13,649 in 2009).</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Ruane resigned as the Company&#146;s chief financial
    officer effective January&#160;1, 2010 and remains employed as
    the chief financial officer of the Company&#146;s Availability
    Services business. As of January&#160;1, </TD>
</TR>
<!-- XBRL Paragraph Pagebreak -->

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    75
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    2010, Mr.&#160;Ruane is no longer an executive officer of the
    Company. In accordance with the Addendum to
    Mr.&#160;Ruane&#146;s employment agreement, Mr.&#160;Ruane is
    entitled to additional amounts payable in 2010 and 2011, as
    described above in the Compensation Discussion and Analysis.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    For Mr.&#160;Ashton, the 2007 salary represents a blended rate
    of $374,000 from January 1 to March&#160;31, 2007 and $500,000
    from April 1 to December&#160;31, 2007. In April 2007,
    Mr.&#160;Ashton received a promotion and a salary increase
    commensurate with his new responsibilities.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Finders&#146; compensation was paid in Swiss Francs
    (CHF). While conversion into U.S. dollars shows an increase in
    salary from 2008 to 2009, Mr.&#160;Finders&#146; annual salary
    rate was CHF 627,847 in both 2008 and 2009, and he did not
    receive any salary increase in 2009. All amounts have been
    converted into U.S. dollars at the currency exchange rates used
    for purposes of the Company&#146;s annual operating budget and
    establishing compensation for the applicable year, as follows:
    0.909599 in 2009; 0.832260 in 2008; and 0.83424 in 2007. For
    Mr.&#160;Finders, the 2007 salary represents a blended rate of
    $410,000 from January 1 to March&#160;31, 2007 and $500,000 from
    April 1 to December&#160;31, 2007. In April 2007,
    Mr.&#160;Finders received a promotion and a salary increase
    commensurate with his new responsibilities.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (7) </TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Tarbox was not a named executive in 2008 or 2007.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Grants
    of Plan-Based Awards in Fiscal Year 2009</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To provide long-term equity incentives following the
    Transaction, the SunGard 2005 Management Incentive Plan
    (&#147;Plan&#148;) was established. The Plan as amended
    authorizes the issuance of equity subject to awards made under
    the Plan for up to 70&#160;million shares of Class&#160;A common
    stock and 7&#160;million shares of Class&#160;L common stock of
    SCC and 2.5&#160;million shares of preferred stock of SCCII.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the Plan, awards of time-based and performance-based
    options have been granted to purchase &#147;Units&#148; in the
    Parent Companies. Each &#147;Unit&#148; consists of
    1.3&#160;shares of Class&#160;A common stock and
    0.1444&#160;shares of Class&#160;L common stock of SCC and
    0.05&#160;shares of preferred stock of SCCII. The shares
    comprising a Unit are in the same proportion as the shares
    issued to all stockholders of the Parent Companies. The options
    are exercisable only for whole Units and cannot be separately
    exercised for the individual classes of stock. In 2009, hybrid
    equity awards were granted under the Plan, which awards are
    composed of RSUs for Units in the Parent Companies and options
    to purchase Class&#160;A common stock in SCC. All awards under
    the Plan are granted at fair market value on the date of grant.
    In 2009, performance-based awards were amended as described
    above in the Compensation Discussion and Analysis.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Time-based options vest over five years as follows: 25% one year
    after date of grant, and 1/48th&#160;of the remaining balance
    each month thereafter for 48&#160;months. Time-based RSUs vest
    over five years as follows: 10% one year after date of grant,
    and 1/48th&#160;of the remaining balance each month thereafter
    for 48&#160;months. Performance-based options and RSUs are
    earned for each of 2009 and 2010 based on the attainment of the
    Company&#146;s enterprise-wide EBITA budget with 25% vesting at
    December 31 of the applicable calendar year and 75% vesting in
    36 equal monthly installments beginning January&#160;31. With
    respect to each of 2011, 2012 and 2013, vesting will occur upon
    the attainment of certain annual or cumulative earnings goals
    based on Internal EBITA targets for the Company for each year.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Time-based and performance-based options can partly or fully
    vest upon a change of control and certain other termination
    events, subject to certain conditions, and expire ten years from
    the date of grant. Once vested, time-based and performance-based
    RSUs become payable in shares upon the first to occur of a
    change of control, separation from service without cause, or the
    date that is five years after the date of grant (or ten years
    after the date of grant for certain RSUs as amended in 2009).
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    76
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table contains information concerning grants of
    plan-based awards to the named executives during 2009.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Table
    2&#160;&#151; 2009 Grants of Plan-Based Awards</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="31%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="5%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="6%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=09 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=09 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=09 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=09 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=10 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=10 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=10 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=10 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=11 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=11 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=11 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=11 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>All Other<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>All Other<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Stock<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Option<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Estimated Possible<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Awards:<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Awards:<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Exercise<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Grant Date<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Payouts under<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="11" nowrap align="center" valign="bottom">
    <B>Estimated Future Payouts<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Number of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Number of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>or Base<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Fair Value<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Non-Equity<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="11" nowrap align="center" valign="bottom">
    <B>Under Equity Incentive Plan<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Shares of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Securities<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Price of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>of Stock<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Incentive Plan<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="11" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Awards(2)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Stock<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Underlying<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Option<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>and Option<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Grant<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Grant<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Awards(1)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Threshold<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Target<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Maximum<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>or Units(3)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Options(4)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Awards<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Awards(5)<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Type</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Date</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(#)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(#)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(#)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(#)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(#)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($/Sh)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Crist&#243;bal Conde
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    EIC
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    N/A
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,168,428
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Michael J. Ruane
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    EIC
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    N/A
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    808,996
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    James E. Ashton III
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    EIC
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    N/A
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,355,091
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    RSUs
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    09/14/09
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,183
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10,914
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    27,677
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15,376
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    359,244
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Options
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    09/14/09
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,497
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    27,486
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    69,700
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    38,722
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.44
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13,285
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Harold C. Finders
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    EIC
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    N/A
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,365,180
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    RSUs
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    09/14/09
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,183
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10,914
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    27,677
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15,376
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    359,244
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Options
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    09/14/09
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,497
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    27,486
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    69,700
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    38,722
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.44
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13,285
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Richard C. Tarbox
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    EIC
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    N/A
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    808,996
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    RSUs
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    09/14/09
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,091
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,457
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13,838
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,688
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    179,621
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Options
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    09/14/09
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,749
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13,743
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    34,850
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19,361
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.44
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,642
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Amounts reflect the cash EIC bonuses paid to the named
    executives under the performance-based incentive compensation,
    which is described in further detail above, including the
    threshold, mid-point, and on-target goals, in the Compensation
    Discussion and Analysis and reported in the &#147;Non-Equity
    Incentive Plan Compensation&#148; column of Table 1&#160;&#151;
    Summary Compensation Table above.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents performance-based RSUs and Class&#160;A options.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents time-based RSUs.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents time-based Class&#160;A options.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    Amounts reflect the fair value as of grant date of awards
    granted pursuant to the SunGard 2005 Management Incentive Plan.</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    77
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Outstanding
    Equity Awards at 2009 Fiscal Year-End</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table contains certain information with respect to
    options held as of December&#160;31, 2009 by the named
    executives.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Table
    3&#160;&#151; Outstanding Equity Awards at 2009 Fiscal
    Year-End</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 7pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="32%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=09 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=09 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=09 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=09 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=10 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=10 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=10 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=10 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="19" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Option Awards</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="15" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Stock Awards</B>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Equity<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Equity<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Equity<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Incentive<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Incentive<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Incentive<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Plan<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Plan Awards:<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Plan<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Awards:<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Market or<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Awards:<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Number<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Market<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Number of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Payout Value<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Number of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Number of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Number of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>of Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Value of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Unearned<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>of Unearned<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Securities<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Securities<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Securities<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>or Units<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Shares or<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Shares, Units<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Shares, Units<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Underlying<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Underlying<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Underlying<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>of Stock<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Units of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>or Other<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>or Other<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Unexercised.<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Unexercised<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Unexercised<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Option<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>That<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Stock That<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Rights That<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Rights That<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Options<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Options<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Unearned<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Exercise<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Option<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Have Not<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Have Not<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Have Not<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Have Not<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>(#)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>(#)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Options(1)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Price<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Expiration<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Vested(2)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Vested(3)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Vested(1)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Vested(3)<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Exercisable</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Unexercisable</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(#)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Date</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(#)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(#)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Crist&#243;bal Conde
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,550,495
</TD>
<TD nowrap align="left" valign="bottom">
    (4)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    221,499
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18.00
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    08/11/2015
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    736,147
</TD>
<TD nowrap align="left" valign="bottom">
    (5)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    172,235
</TD>
<TD nowrap align="left" valign="bottom">
    (6)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    229,647
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18.00
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    08/11/2015
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Michael J. Ruane
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    338,535
</TD>
<TD nowrap align="left" valign="bottom">
    (4)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    48,362
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18.00
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    08/11/2015
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    171,767
</TD>
<TD nowrap align="left" valign="bottom">
    (5)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    40,188
</TD>
<TD nowrap align="left" valign="bottom">
    (6)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    53,584
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18.00
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    08/11/2015
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,424
</TD>
<TD nowrap align="left" valign="bottom">
    (7)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    02/26/2013
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    43,687
</TD>
<TD nowrap align="left" valign="bottom">
    (7)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    02/25/2014
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    59,153
</TD>
<TD nowrap align="left" valign="bottom">
    (7)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    03/03/2015
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    James E. Ashton III
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    178,402
</TD>
<TD nowrap align="left" valign="bottom">
    (4)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    25,486
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18.00
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    08/11/2015
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    117,784
</TD>
<TD nowrap align="left" valign="bottom">
    (5)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    27,558
</TD>
<TD nowrap align="left" valign="bottom">
    (6)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    36,743
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18.00
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    08/11/2015
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    (8)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    38,722
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.44
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    09/14/2019
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,506
</TD>
<TD nowrap align="left" valign="bottom">
    (9)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,517
</TD>
<TD nowrap align="left" valign="bottom">
    (6)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24,611
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.44
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    09/14/2019
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
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&nbsp;
</TD>
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&nbsp;
</TD>
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</TD>
<TD>
&nbsp;
</TD>
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&nbsp;
</TD>
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</TD>
<TD nowrap align="left" valign="bottom">
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</TD>
<TD>
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</TD>
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&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
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</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
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</TD>
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</TD>
<TD>
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<TD nowrap align="right" valign="bottom">
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</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
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&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
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</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
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</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
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</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
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</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
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</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17,169
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    343,389
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,773
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    195,455
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Harold C. Finders
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    155,051
</TD>
<TD nowrap align="left" valign="bottom">
    (4)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22,150
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18.00
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    08/11/2015
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    51,506
</TD>
<TD nowrap align="left" valign="bottom">
    (10)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    54,827
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20.72
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    09/20/2017
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    43,616
</TD>
<TD nowrap align="left" valign="bottom">
    (5)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17,224
</TD>
<TD nowrap align="left" valign="bottom">
    (6)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22,965
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18.00
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    08/11/2015
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23,068
</TD>
<TD nowrap align="left" valign="bottom">
    (11)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,403
</TD>
<TD nowrap align="left" valign="bottom">
    (6)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,552
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20.72
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    09/20/2017
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    (8)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    38,722
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.44
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    09/14/2019
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,506
</TD>
<TD nowrap align="left" valign="bottom">
    (9)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,517
</TD>
<TD nowrap align="left" valign="bottom">
    (6)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24,611
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.44
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    09/14/2019
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17,169
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    343,389
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,773
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    195,455
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Richard C. Tarbox
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    154,139
</TD>
<TD nowrap align="left" valign="bottom">
    (4)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22,020
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18.00
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    08/11/2015
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    117,784
</TD>
<TD nowrap align="left" valign="bottom">
    (5)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    27,558
</TD>
<TD nowrap align="left" valign="bottom">
    (6)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    36,743
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18.00
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    08/11/2015
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
    (8)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19,361
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.44
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    09/14/2019
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    753
</TD>
<TD nowrap align="left" valign="bottom">
    (9)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,258
</TD>
<TD nowrap align="left" valign="bottom">
    (6)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,306
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.44
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    09/14/2019
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24,666
</TD>
<TD nowrap align="left" valign="bottom">
    (7)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    02/26/2013
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    111,771
</TD>
<TD nowrap align="left" valign="bottom">
    (7)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    03/03/2013
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    43,687
</TD>
<TD nowrap align="left" valign="bottom">
    (7)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    02/25/2014
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    59,153
</TD>
<TD nowrap align="left" valign="bottom">
    (7)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    03/03/2015
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,585
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    171,694
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,886
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    97,724
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents anticipated achievement of performance goals in
    future years for unearned portions of performance-based awards.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents (i)&#160;time-based RSUs granted on
    September&#160;14, 2009 which vest over five years with 10%
    vesting on the first anniversary of the date of grant, and
    1/48th of the remaining balance vesting each month thereafter
    for 48&#160;months, and (ii)&#160;the unvested portion of
    performance-based RSUs earned for calendar year 2009.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Based upon a fair market value of $20 per Unit as of
    December&#160;31, 2009.</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    78
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Time-based options granted on August&#160;12, 2005 and which
    vest over five years with 25% vesting one year from the date of
    grant, and 1/48th of the remaining balance vesting each month
    thereafter for 48&#160;months.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents (i)&#160;performance-based options granted on
    August&#160;12, 2005 which vest upon the attainment of certain
    annual or cumulative earnings goals for the Company during the
    six-year period beginning January&#160;1, 2005 for calendar
    years
    <FONT style="white-space: nowrap">2005-2008</FONT>
    and (ii)&#160;performance-based options earned and vested for
    calendar year 2009 pursuant to the awards amended in 2009;
    vesting of the remaining earned portion is described in
    note&#160;6.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the unvested portion of performance-based options
    earned for calendar year 2009, which vests in 36 equal monthly
    installments beginning January&#160;31, 2010.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (7) </TD>
    <TD></TD>
    <TD valign="bottom">
    To the extent outstanding options of SunGard were not exercised
    before closing the Transaction, such options converted into
    fully vested options to purchase equity units in the Parent
    Companies.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (8) </TD>
    <TD></TD>
    <TD valign="bottom">
    Time-based Class&#160;A options granted on September&#160;14,
    2009, which vest over five years with 25% vesting one year from
    the date of grant, and 1/48th of the remaining balance vesting
    each month thereafter for 48&#160;months.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (9) </TD>
    <TD></TD>
    <TD valign="bottom">
    Performance-based Class&#160;A options granted on
    September&#160;14, 2009 are earned upon the attainment of
    certain annual or cumulative earnings goals for the Company
    during the five-year period beginning January&#160;1, 2009.
    Represents performance-based Class&#160;A options earned and
    vested for calendar year 2009. Vesting of the remaining earned
    portion is described in note&#160;6.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (10) </TD>
    <TD></TD>
    <TD valign="bottom">
    Time-based options granted on September&#160;21, 2007, which
    vest over five years with 25% vesting one year from the date of
    grant, and 1/48th of the remaining balance vesting each month
    thereafter for 48&#160;months.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (11) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents (i)&#160;performance-based options granted on
    September&#160;21, 2007, which vest upon the attainment of
    certain annual or cumulative earnings goals for the Company
    during the five-year period beginning January&#160;1, 2007 for
    calendar years
    <FONT style="white-space: nowrap">2007-2008</FONT>
    and (ii)&#160;performance-based options earned and vested for
    calendar year 2009 pursuant to the 2009 amended awards; vesting
    of the remaining earned portion is described in note&#160;6.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Option
    Exercises and Stock Vested</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table contains certain information with respect to
    stock option exercises and the vesting of RSUs during 2009 for
    each of the named executives.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Table
    4&#160;&#151; 2009 Option Exercises and Stock Vesting</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="41%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Option Awards</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Stock Awards</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Acquired<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Value Realized<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Acquired<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Value Realized<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>on Exercise<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>on Exercise<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>on Vesting(1)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>on Vesting(2)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(#)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(#)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Crist&#243;bal Conde
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Michael J. Ruane
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    James E. Ashton III
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    318,519
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,618,521
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    598
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11,960
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Harold C. Finders
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    30,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    30,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    598
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11,960
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Richard C. Tarbox
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    190,159
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,757,312
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    299
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,980
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents vested performance-based RSUs for 2009, which are not
    distributed until five years after date of grant. For RSUs
    earned in 2009, 25% vest at December&#160;31, 2009, shown in the
    table above, and 1/36th of the remaining balance vests each
    month thereafter for 36&#160;months, which portion is not
    reflected in the table.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Based upon a fair market value of $20 per Unit as of
    December&#160;31, 2009.</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    79
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Pension
    Benefits</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    None of the named executives receive benefits under any defined
    benefit or actuarial pension plan.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Employment
    and Change of Control Agreements</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As discussed above, the Company entered into a definitive
    employment agreement with each of the named executives. The
    terms of these agreements are described above under Compensation
    Discussion and Analysis.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Potential
    Payments Upon Termination or Change of Control</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the terms of the executive employment agreements and
    equity award agreements, set forth below is a description of the
    potential payments the named executives would receive if their
    employment was terminated on December&#160;31, 2009.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The terms cause, good reason, change of control and sale of
    business are defined in the executive employment agreements.
    Forms of these agreements have been filed as exhibits to the
    Company&#146;s Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarter ended September&#160;30, 2005.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Termination without Cause or Resignation for Good Reason;
    Certain Change in Control or Sale of Business
    Transactions.</I>&#160;&#160;If a named executive&#146;s
    employment is terminated by the Company without cause, or a
    named executive terminates his employment in certain
    circumstances which constitute good reason, including certain
    change of control and sale of business transactions, then:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the Company will pay the named executive officer the following:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="2%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a lump sum cash severance amount equal to the applicable
    multiplier multiplied by the sum of 2009 base salary and target
    incentive bonus;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a lump sum cash payment of all accrued compensation (as defined
    in the agreement) as of December&#160;31, 2009;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a lump sum cash payment in an amount equal to the applicable
    multiplier multiplied by the Company&#146;s cost of the named
    executive officer&#146;s medical, dental and vision coverage in
    effect on December&#160;31, 2009, as increased by a tax
    <FONT style="white-space: nowrap">gross-up</FONT>
    payment equal to the income and FICA tax imposed on such payment;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a lump sum cash payment in an amount equal to the applicable
    multiplier multiplied by $17,500, in lieu of retirement, life
    insurance and long term disability coverage, as increased by a
    tax <FONT style="white-space: nowrap">gross-up</FONT>
    payment equal to the income and FICA tax imposed on such payment;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    an amount equal to any excise tax charged to the named executive
    as a result of the receipt of any change of control payments;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    performance-based equity awards vest on a pro rata basis through
    the termination date, any unvested portion of performance-based
    equity awards earned for calendar year 2009 or 2010 become fully
    vested at the termination date, time-based equity awards
    immediately stop vesting and all unvested time-based equity
    awards are forfeited;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    if a change of control occurs and employment is not offered,
    then all unvested performance-based equity awards vest on a
    <FONT style="white-space: nowrap">return-on-equity</FONT>
    basis and all unvested time-based equity awards become fully
    vested;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    if a sale of the business occurs and the employment agreement is
    not assumed, then performance-based equity awards vest on a pro
    rata basis through the termination date, any unvested portion of
    performance-based equity awards earned for calendar year 2009 or
    2010 become fully vested at the termination date, all unvested
    time-based equity awards become fully vested and all unvested
    performance-based equity awards are forfeited.
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    80
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Resignation without Good Reason; Voluntary Retirement and
    Certain Change in Control Transactions.</I>&#160;&#160;If a
    named executive terminates his employment voluntarily without
    good reason, including certain change of control transactions
    and retirements, then:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    with the exception of certain voluntary retirements, the Company
    will pay the named executive only a lump sum cash payment of all
    accrued compensation with the exception of his 2009 pro rated
    target incentive bonus. Under the terms of Mr.&#160;Conde&#146;s
    employment agreement, if a change of control occurs and
    Mr.&#160;Conde is offered employment but he resigns, his
    resignation is considered for good reason;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    if the named executive voluntarily retires after August&#160;11,
    2008, provided he is at least 62&#160;years of age, the Company
    will pay the named executive a lump sum cash payment of all
    accrued compensation and upon satisfying certain conditions,
    $10,000 per month for twelve months from the date of termination;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    all performance-based equity awards stop vesting as of the date
    of termination, no performance-based equity awards are earned in
    the year of termination, all time-based equity awards
    immediately stop vesting, and all unvested time-based and
    performance-based equity awards are forfeited;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    if a change of control occurs and employment is offered but the
    named executive resigns, then all amended unvested
    performance-based options on Units vest on a
    <FONT style="white-space: nowrap">return-on-equity</FONT>
    basis, performance-based RSUs and Class&#160;A performance-based
    options do not vest and all unvested time-based equity awards
    become fully vested;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    if the named executive retires after August&#160;11, 2008,
    provided he is at least 62&#160;years of age, then all
    performance-based equity awards stop vesting as of the date of
    termination, no performance-based equity awards are earned in
    the year of termination, all time-based equity awards continue
    to vest throughout the consulting period and all unvested
    performance-based equity awards are forfeited.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Termination for Cause.</I>&#160;&#160;If the Company
    terminates a named executive&#146;s employment for cause, then:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the Company will pay the named executive only a lump sum cash
    payment of all accrued compensation with the exception of his
    2009 pro rated target incentive bonus;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    all vested and unvested time and performance equity awards are
    forfeited.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Disability or Death.</I>&#160;&#160;If a named
    executive&#146;s employment is terminated due to his disability
    or death, then:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the Company will pay the named executive (or his beneficiary in
    the event of death) a lump sum cash payment of all accrued
    compensation;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    in the event of disability, if the named executive elected to
    participate, he shall receive payments under an insurance policy
    offered through the Company until he reaches retirement age as
    defined by the 1983 Amended Social Security Normal Retirement
    Age or other applicable law;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    in the event of death, the named executive&#146;s beneficiary
    shall receive payments under an insurance policy offered through
    the Company;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    performance-based equity awards vest on a pro rata basis through
    the termination date, any unvested portion of performance-based
    equity awards earned for calendar year 2009 or 2010 become fully
    vested at the termination date, all time-based equity awards
    immediately stop vesting and all unvested time-based equity
    awards are forfeited.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In order to receive any of the above described severance
    benefits, the named executive is required to execute a release
    of all claims against the Company. In order to exercise stock
    options or receive distribution of RSU shares, the named
    executive must execute a certificate of compliance with the
    restrictive covenants contained in his employment agreement and
    all other agreements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The tables below reflect the amount of compensation payable to
    each of the named executives in the event of termination of such
    executive&#146;s employment. The amounts shown assume that such
    termination was effective as of December&#160;31, 2009, and thus
    includes amounts earned through such time and are estimates of
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    81
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the amounts which would be paid out to the named executives upon
    their termination. The actual amounts to be paid, if any, can
    only be determined at the time of such named executive&#146;s
    separation from the Company.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Crist&#243;bal
    Conde&#160;&#151; Potential Termination Payments and
    Benefits</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 7pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="23%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=09 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=09 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=09 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=09 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Without<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Change of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Cause or<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For Cause;<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to Sale<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Change of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Control<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
    <B>Executive Benefits and<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Resignation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Resignation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>of Business<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Control<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Employment<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
    <B>Payment Upon<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Without Good<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Voluntary<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Employment<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Employment<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Offered but<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Termination</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Good Reason</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Reason</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Retirement</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Not Offered</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Not Offered</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Resigns</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Disability</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Death</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    <B>Compensation:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Base Salary&#160;&#038; Target Incentive Bonus(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,631,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,631,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,631,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,631,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Target Incentive Bonus of Year of Termination
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,946,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,946,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,946,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,946,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,946,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,946,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,946,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Time-Based Equity(2)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    442,998
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    442,998
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    442,998
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Performance-Based Equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    344,471
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    344,471
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,906,792
</TD>
<TD nowrap align="left" valign="bottom">
    (4)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,906,792
</TD>
<TD nowrap align="left" valign="bottom">
    (4)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    344,471
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    344,471
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    <B>Benefits&#160;&#038; Perquisites:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Health and Welfare Benefits(5)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    178,296
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    178,296
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    178,296
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    178,296
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Disability Benefits
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Life Insurance Proceeds
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,000,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Accrued Vacation Pay
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    17,904
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    17,904
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    17,904
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    17,904
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    17,904
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    17,904
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    17,904
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    17,904
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Excise Tax&#160;&#038;
    <FONT style="white-space: nowrap">Gross-Up</FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    <B>Total:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    11,117,671
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    17,904
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,963,904
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    11,560,669
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    16,122,990
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    16,122,990
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,308,375
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,308,375
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Consists of three times the sum of (a)&#160;2009 base salary of
    $931,000 and (b)&#160;2009 target incentive bonus of $1,946,000.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the value of accelerated unvested time-based equity
    based upon a fair market price of $20.00 per Unit as of
    December&#160;31, 2009. Excludes the value of vested time-based
    equity.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the value of the accelerated unvested portion of the
    performance-based equity earned for calendar year 2009. Excludes
    the value of vested performance-based equity earned for calendar
    year 2009.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the value of accelerated unvested performance-based
    equity if the Sponsors receive an amount constituting at least
    300% of their equity investment (&#147;Investment&#148;) and an
    internal rate of return (&#147;IRR&#148;) of 16% or higher. If
    the Sponsors receive less than 300% of their Investment or an
    amount constituting at least 300% of their Investment but less
    than 14% IRR, the performance-based equity will not accelerate.
    Excludes the value of vested performance-based equity.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    Consists of three times the sum of (a)&#160;the Company&#146;s
    cost of Mr.&#160;Conde&#146;s medical, dental and vision
    coverage and (b)&#160;$17,500 in lieu of the Company&#146;s
    retirement plan matching contribution, life insurance and
    long-term disability coverage. The health and welfare benefits
    have been increased by a tax
    <FONT style="white-space: nowrap">gross-up</FONT>
    equal to the estimated income and FICA tax that would be imposed
    on such payments.</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    82
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Michael
    J. Ruane&#160;&#151; Potential Termination Payments and
    Benefits</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The table below reflects the benefits Mr.&#160;Ruane would
    receive under the terms of his employment agreement and the
    Addendum to such agreement, which is discussed in further detail
    above in the Compensation Discussion and Analysis.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 7pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="21%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=09 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=09 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=09 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=09 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Voluntary<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to Sale<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Change of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For Cause;<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Retirement or<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>of Availability<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Change of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Control<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
    <B>Executive Benefits and<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Resignation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Resignation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Business<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Control<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Employment<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
    <B>Payment Upon<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Without<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Without Good<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Employment<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Employment<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Offered but<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Termination</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Cause</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Reason</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Good Reason</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Not Offered</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Not Offered</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Resigns</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Disability</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Death</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    <B>Compensation:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Additional Compensation(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,646,538
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,646,538
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,646,538
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,646,538
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,646,538
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,646,538
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Base Salary&#160;&#038; Target Incentive Bonus
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Target Incentive Bonus of Year of Termination
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    726,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    726,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    726,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    726,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    726,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    726,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Time-Based Equity(2)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    96,724
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    96,724
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    96,724
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Performance-Based Equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    80,376
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    80,376(3
</TD>
<TD nowrap align="left" valign="bottom">
    )(4)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    80,376
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,144,912
</TD>
<TD nowrap align="left" valign="bottom">
    (5)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    248,124
</TD>
<TD nowrap align="left" valign="bottom">
    (6)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    80,376
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    80,376
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    <B>Benefits&#160;&#038; Perquisites:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Health Benefits(7)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    65,966
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    65,966
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    65,966
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Disability Benefits
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Life Insurance Proceeds
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    909,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Accrued Vacation Pay
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Excise Tax&#160;&#038;
    <FONT style="white-space: nowrap">Gross-Up</FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    <B>Total:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,527,611
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    815,107
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,558,369
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,622,905
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,000,117
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,527,611
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,436,611
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the amount of additional compensation due and payable
    to Mr.&#160;Ruane pursuant to the terms of the Addendum to
    employment agreement, as described above in the Compensation
    Discussion and Analysis.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the value of accelerated unvested time-based equity
    based upon a fair market price of $20.00 per Unit as of
    December&#160;31, 2009. Excludes the value of vested time-based
    equity.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the value of the accelerated unvested portion of the
    performance-based equity earned for calendar year 2009. Excludes
    the value of vested performance-based equity earned for calendar
    year 2009.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Upon a termination due to voluntary retirement, Mr.&#160;Ruane
    would not receive this amount.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the value of accelerated unvested performance-based
    equity if the Sponsors receive an amount constituting at least
    300% of their Investment and an IRR of 16% or higher. If the
    Sponsors receive less than 300% of their Investment or an amount
    constituting at least 300% of their Investment but less than 14%
    IRR, the performance-based equity will not accelerate. Excludes
    the value of vested performance-based equity.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the value of accelerated unvested performance-based
    equity if the Sponsors receive an amount constituting at least
    200% of their Investment. If the Sponsors receive an amount
    constituting less than 200% of their Investment the
    performance-based equity will not accelerate.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (7) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents three times the Company&#146;s cost of
    Mr.&#160;Ruane&#146;s medical, dental and vision coverage. The
    health benefits have been increased by a tax
    <FONT style="white-space: nowrap">gross-up</FONT>
    equal to the estimated income and FICA tax that would be imposed
    on such payments.</TD>
</TR>

</TABLE>
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

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<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">James E.
    Ashton III&#160;&#151; Potential Termination Payments and
    Benefits</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
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<TD>
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<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
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<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
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<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
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</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
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<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Without<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Change of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
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</TD>
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&nbsp;
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</TD>
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<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Cause or<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For Cause;<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to Sale<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Change of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Control<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
    <B>Executive Benefits and<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Resignation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Resignation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>of Business<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Control<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Employment<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
    <B>Payment Upon<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Without Good<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Voluntary<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Employment<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Employment<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Offered but<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Termination</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Good Reason</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Reason</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Retirement</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Not Offered</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Not Offered</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Resigns</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Disability</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Death</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Compensation:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Base Salary&#160;&#038; Target Incentive Bonus(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,142,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,142,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,142,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Target Incentive Bonus of Year of Termination
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    561,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    561,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    561,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    561,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    561,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    561,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Time-Based Equity Awards(2)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    358,492
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    358,492
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    358,492
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Performance-Based Equity Awards
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    90,985
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    90,985
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,326,667
</TD>
<TD nowrap align="left" valign="bottom">
    (4)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    170,142
</TD>
<TD nowrap align="left" valign="bottom">
    (5)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    90,985
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    90,985
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Benefits&#160;&#038; Perquisites:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Health and Welfare Benefits(6)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    99,251
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    99,251
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    99,251
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Disability Benefits(7)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,412,288
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Life Insurance Proceeds
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,000,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Accrued Vacation Pay
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Excise Tax&#160;&#038;
    <FONT style="white-space: nowrap">Gross-Up</FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Total:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,893,236
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    561,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,251,728
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,487,410
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    528,634
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,064,272
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,651,985
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Consists of two times the sum of (a)&#160;2009 base salary of
    $510,000 and (b)&#160;2009 target incentive bonus of $561,000.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the value of accelerated unvested time-based equity
    awards based upon a fair market price of $20.00 per Unit as of
    December&#160;31, 2009. Excludes the value of vested and
    underwater time-based equity.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the value of the accelerated unvested portion of the
    performance-based equity awards earned for calendar year 2009.
    Excludes the value of vested performance-based equity earned for
    calendar year 2009 and underwater performance-based equity.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the value of accelerated unvested performance-based
    equity if the Sponsors receive an amount constituting at least
    300% of their Investment and an IRR of 16% or higher. If the
    Sponsors receive less than 300% of their Investment or an amount
    constituting at least 300% of their Investment but less than 14%
    IRR, the performance-based equity will not accelerate. Excludes
    the value of vested and underwater performance-based equity.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the value of accelerated unvested performance-based
    equity if the Sponsors receive an amount constituting at least
    200% of their Investment. If the Sponsors receive an amount
    constituting less than 200% of their Investment the
    performance-based equity will not accelerate. Excludes the value
    of vested performance-based equity.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    Consists of two times the sum of (a)&#160;the Company&#146;s
    cost for Mr.&#160;Ashton&#146;s medical, dental and vision
    coverage and (b)&#160;$17,500 in lieu of the Company&#146;s
    retirement plan matching contribution, life insurance and
    long-term disability coverage. The health and welfare benefits
    have been increased by a tax
    <FONT style="white-space: nowrap">gross-up</FONT>
    equal to the estimated income and FICA tax that would be imposed
    on such payments.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (7) </TD>
    <TD></TD>
    <TD valign="bottom">
    Reflects the estimated lump-sum present value of all future
    payments which Mr.&#160;Ashton would be entitled to receive
    under the Company&#146;s fully insured disability program.
    Mr.&#160;Ashton is entitled to receive such benefits until he
    reaches the age of 66&#160;years and 8&#160;months.</TD>
</TR>

</TABLE>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    84
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Harold
    C. Finders&#160;&#151; Potential Termination Payments and
    Benefits</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
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<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
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&nbsp;
</TD>
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&nbsp;
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&nbsp;
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&nbsp;
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&nbsp;
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&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
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<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
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&nbsp;
</TD>
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<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Without<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Change of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Cause or<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For Cause;<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to Sale<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Change of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Control<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
    <B>Executive Benefits and<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Resignation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Resignation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>of Business<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Control<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Employment<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
    <B>Payment Upon<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Without Good<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Voluntary<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Employment<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Employment<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Offered but<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Termination</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Good Reason</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Reason</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Retirement</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Not Offered</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Not Offered</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Resigns</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Disability</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Death</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Compensation:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Base Salary&#160;&#038; Target Incentive Bonus(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,419,973
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,419,973
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,419,973
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Target Incentive Bonus of Year of Termination
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    604,993
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    604,993
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    604,993
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    604,993
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    604,993
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    604,993
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Time-Based Equity Awards(2)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    351,820
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    351,820
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    351,820
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Performance-Based Equity Awards
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    70,317
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    70,317
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,032,267
</TD>
<TD nowrap align="left" valign="bottom">
    (4)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    106,341
</TD>
<TD nowrap align="left" valign="bottom">
    (5)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    70,317
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    70,317
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Benefits&#160;&#038; Perquisites:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Health and Welfare Benefits(6)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    103,362
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    103,362
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    103,362
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Disability Benefits(7)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    15,106,854
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Death Benefits(8)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,700,007
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Accrued Vacation Pay
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Excise Tax&#160;&#038;
    <FONT style="white-space: nowrap">Gross-Up</FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Total:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,198,645
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    604,993
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,550,465
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,512,415
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    458,161
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    15,782,164
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,375,317
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Consists of two times the sum of (a)&#160;2009 base salary of
    $604,993 and (b)&#160;2009 target incentive bonus of $604,993.
    Mr.&#160;Finders&#146; payments would be in Swiss Francs (CHF).
    All amounts reported in the table have been converted into U.S.
    dollars at the December&#160;31, 2009 currency exchange rate of
    0.96360.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="left" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the value of accelerated unvested time-based equity
    awards based upon a fair market price of $20.00 per Unit as of
    December&#160;31, 2009. Excludes the value of vested and
    underwater time-based equity.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="left" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the value of the accelerated unvested portion of the
    performance-based equity awards earned for calendar year 2009.
    Excludes the value of vested performance-based equity earned for
    calendar year 2009 and underwater performance-based equity.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="left" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the value of accelerated unvested performance-based
    equity if the Sponsors receive an amount constituting at least
    300% of their Investment and an IRR of 16% or higher. If the
    Sponsors receive less than 300% of their Investment or an amount
    constituting at least 300% of their Investment but less than 14%
    IRR, the performance-based equity will not accelerate. Excludes
    the value of vested and underwater performance-based equity.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="left" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the value of accelerated unvested performance-based
    equity if the Sponsors receive an amount constituting at least
    200% of their Investment. If the Sponsors receive an amount
    constituting less than 200% of their Investment the
    performance-based equity will not accelerate. Excludes the value
    of vested and underwater performance-based equity.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="left" valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    Consists of two times the sum of (a)&#160;the Company&#146;s
    cost for Mr.&#160;Finders&#146; medical benefits and
    (b)&#160;$17,500 in lieu of the Company&#146;s defined
    contribution pension plan contribution, life insurance and
    long-term disability coverage. The health and welfare benefits
    have been increased by a tax
    <FONT style="white-space: nowrap">gross-up</FONT>
    equal to the estimated taxes that would be imposed on such
    payments.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="left" valign="top">
    (7) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents a lump sum payment upon disability due to an accident
    of $14,098,432 and the estimated present value of annual annuity
    payments to age&#160;65. Upon disability due to sickness,
    Mr.&#160;Finders would receive $4,308,435 which represents the
    estimated present value of annual annuity payments to
    age&#160;65. Each of Mr.&#160;Finders&#146; children would also
    receive an annual annuity payment of $47,427 until they reach </TD>
</TR>
<!-- XBRL Paragraph Pagebreak -->

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    85
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    the age of 25 (five and eight years remaining). Portions of the
    reported benefits payable upon Mr.&#160;Finders&#146; disability
    are financed by contributions made by Mr.&#160;Finders.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="left" valign="top">
    (8) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents a lump sum payment upon death due to an accident.
    Mr.&#160;Finders&#146; spouse would also receive an annual
    annuity for life of $48,565 and each of his children would
    receive an annual annuity of $18,212 until they reach the age of
    25 (five and eight years remaining). Upon death due to sickness,
    Mr.&#160;Finders&#146; estate would receive a lump sum of
    $1,778,516 and Mr.&#160;Finders&#146; spouse would receive an
    annual annuity for life of $248,992 and each of his children
    would receive an annual annuity of $47,427 until they reach the
    age of 25 (five and eight years remaining). Portions of the
    reported benefits payable upon Mr.&#160;Finders&#146; death are
    financed by contributions made by Mr.&#160;Finders.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Richard
    C. Tarbox&#160;&#151; Termination Payments and
    Benefits</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
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    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
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    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
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    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
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    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
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    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=09 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=09 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=09 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=09 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Without<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Change of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Cause or<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For Cause;<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to Sale<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Change of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Control<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
    <B>Executive Benefits and<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Resignation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Resignation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>of Business<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Control<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Employment<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Termination<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
    <B>Payment Upon<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Without Good<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Voluntary<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Employment<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Employment<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Offered but<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Due to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Termination</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Good Reason</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Reason</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Retirement</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Not Offered</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Not Offered</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Resigns</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Disability</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Death</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Compensation:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Base Salary&#160;&#038; Target Incentive Bonus(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,540,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,540,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,540,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Target Incentive Bonus of Year of Termination
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    726,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    726,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    726,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    726,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    726,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    726,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Time-Based Equity Awards(2)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    197,800
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    197,800
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    197,800
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Performance-Based Equity Awards
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    73,049
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    73,049
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,055,865
</TD>
<TD nowrap align="left" valign="bottom">
    (4)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    170,142
</TD>
<TD nowrap align="left" valign="bottom">
    (5)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    73,049
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    73,049
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Benefits&#160;&#038; Perquisites:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Health and Welfare Benefits(6)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    148,877
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    148,877
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    148,877
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Disability Benefits(7)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    693,765
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Life Insurance Proceeds
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    909,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Accrued Vacation Pay
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Excise Tax&#160;&#038;
    <FONT style="white-space: nowrap">Gross-Up</FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Total:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,496,657
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    734,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,694,457
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,677,273
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    376,673
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,501,545
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,716,780
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Consists of three times the sum of (a)&#160;2009 base salary of
    $454,000 and (b)&#160;2009 target incentive bonus of $726,000.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="left" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the value of accelerated unvested time-based equity
    awards based upon a fair market price of $20.00 per Unit as of
    December&#160;31, 2009. Excludes the value of vested and
    underwater time-based equity.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="left" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the value of the accelerated unvested portion of
    performance-based equity earned for calendar year 2009. Excludes
    the value of vested performance-based equity earned for calendar
    year 2009 and underwater performance-based equity.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="left" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the value of accelerated unvested performance-based
    equity if the Sponsors receive an amount constituting at least
    300% of their Investment and an IRR of 16% or higher. If the
    Sponsors receive less than 300% of their Investment or an amount
    constituting at least 300% of their Investment but less than 14%
    IRR, the performance-based equity will not accelerate. Excludes
    the value of vested and underwater performance-based equity.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="left" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the value of accelerated unvested performance-based
    equity if the Sponsors receive an amount constituting at least
    200% of their Investment. If the Sponsors receive an amount
    constituting less than 200% of their Investment the
    performance-based equity will not accelerate. Excludes the value
    of vested performance-based equity.</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    86
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    Consists of three times the sum of (a)&#160;the Company&#146;s
    cost for Mr.&#160;Tarbox&#146;s medical, dental and vision
    coverage and (b)&#160;$17,500 in lieu of the Company&#146;s
    retirement plan matching contribution, life insurance and
    long-term disability coverage. The health and welfare benefits
    have been increased by a tax
    <FONT style="white-space: nowrap">gross-up</FONT>
    equal to the estimated income and FICA tax that would be imposed
    on such payments.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="left" valign="top">
    (7) </TD>
    <TD></TD>
    <TD valign="bottom">
    Reflects the estimated lump-sum present value of all future
    payments which Mr.&#160;Tarbox would be entitled to receive
    under the Company&#146;s fully insured disability program.
    Mr.&#160;Tarbox is entitled to receive such benefits until he
    reaches the age of 66&#160;years.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Director
    Compensation</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    None of our directors except Mr.&#160;Mann receive compensation
    for serving as directors. Mr.&#160;Mann receives annual director
    equity awards; he does not receive any cash director fees. On
    November&#160;11, 2009, Mr.&#160;Mann was granted a time-based
    hybrid equity grant consisting of an RSU for 1,868 Units and a
    Class&#160;A option for 4,704&#160;shares at an exercise price
    of $0.28 per share. The RSU vests over five years as follows:
    10% one year after date of grant, and 1/48th&#160;of the
    remaining balance each month thereafter for 48&#160;months. Once
    vested, the RSUs become payable in shares upon the first to
    occur of a change of control, removal or resignation as a
    director, or the date that is five years after the date of
    grant. The option expires ten years from the date of grant and
    vests over five years as follows: 25% one year after date of
    grant and 1/48th&#160;of the remaining balance each month
    thereafter for 48&#160;months. The following table contains for
    Mr.&#160;Mann compensation received during the year ended
    December&#160;31, 2009 for serving as a director of the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="29%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="16%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Change in Pension<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Fees Earned<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Non-Equity<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Value and Nonqualified<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>or Paid in<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Stock<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Option<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Incentive Plan<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Deferred Compensation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>All Other<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Cash<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Awards<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Awards(1)<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Compensation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Earnings<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Compensation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Total<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    James L. Mann(2)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    830
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    38,360
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    38,190
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    The amount in this column reflects the fair value as of grant
    date of awards granted pursuant to the SunGard 2005 Management
    Incentive Plan.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="left" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    In addition to serving as a director, Mr.&#160;Mann is currently
    an employee of the Company and received in 2009 a base salary of
    $300,000 and health and welfare benefits, a matching 401(k)
    savings plan contribution, automobile benefits including
    reimbursement of fuel and maintenance expenses and an automobile
    tax <FONT style="white-space: nowrap">gross-up</FONT>
    ($3,930).</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Compensation
    Committee Interlocks and Insider Participation</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our Compensation Committee is currently comprised of
    Messrs.&#160;Connaughton, Greene and Marren, who were each
    appointed to the Compensation Committee in 2005 in connection
    with the Transaction, and Ms.&#160;Richardson, who was appointed
    to the Compensation Committee in 2008. None of these individuals
    has been at any time an officer or employee of our Company.
    During 2009, we had no compensation committee
    &#147;interlocks&#148;&#160;&#151; meaning that it was not the
    case that an executive officer of ours served as a director or
    member of the compensation committee of another entity and an
    executive officer of the other entity served as a director or
    member of our Compensation Committee.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    87
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='111'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SECURITY
    OWNERSHIP OF CERTAIN BENEFICIAL OWNERS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    All of our outstanding stock is beneficially owned by SCC and
    SCCII through its wholly owned subsidiaries. The following table
    presents information regarding beneficial ownership of the
    equity securities of SCC and SCCII as of March&#160;1, 2010 by
    each person who is known by us to beneficially own more than 5%
    of the equity securities of SCC and SCCII, by each of our
    directors, by each of the named executives, and by all of our
    directors and executive officers as a group.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="48%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Number of Shares Beneficially Owned(1)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Percent of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name of Beneficial Owner</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Class A Common</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Class L Common</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Preferred</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Classes(2)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Bain Funds(3)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    34,849,657
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,872,184
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,340,371
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13.65
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Blackstone Funds(4)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    34,849,657
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,872,184
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,340,371
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13.65
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    GS Limited Partnerships(5)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    28,393,651
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,154,850
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,092,063
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.12
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    KKR Funds(6)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    34,849,657
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,872,184
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,340,371
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13.65
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Providence Equity Funds(7)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21,295,238
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,366,138
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    819,048
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.34
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Silver Lake Funds(8)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    34,488,546
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,832,061
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,326,483
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13.51
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    TPG Funds(9)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    34,849,657
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,872,184
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,340,371
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13.65
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    James E. Ashton III(10) (named executive)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    822,706
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    91,161
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    31,565
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Chinh E. Chu(4)(11) (director)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    34,849,657
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,872,184
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,340,371
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13.65
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Crist&#243;bal Conde(10)(12) (director and named executive)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,730,376
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    525,490
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    181,938
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.85
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    John Connaughton(13) (director)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Harold C. Finders(10) (named executive)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    535,670
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    59,294
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23,362
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    James H. Greene, Jr.(14) (director)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Glenn H. Hutchins(8)(15) (director)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    34,488,546
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,832,061
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,326,483
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13.51
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    James L. Mann(10) (director)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    81,642
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,651
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,995
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    John Marren(16) (director)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sanjeev Mehra(5)(17) (director)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    28,393,651
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,154,850
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,092,063
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.12
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Julie Richardson(7)(18) (director)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21,295,238
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,366,138
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    819,048
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.34
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Michael J. Ruane(19) (named executive)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,226,280
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    136,229
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    47,165
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Richard C. Tarbox(10) (named executive)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,178,790
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    130,844
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    45,299
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    All 21&#160;directors and executive officers as a<BR>
    group(10)(11)(12)(13)(14)(15)(16)(17)<BR>
    (18)(20)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    131,250,949
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14,575,604
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,048,313
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    51.41
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes shares held in the beneficial owner&#146;s name or
    jointly with others, or in the name of a bank, nominee or
    trustee for the beneficial owner&#146;s account. Unless
    otherwise indicated in the footnotes to this table and subject
    to community property laws where applicable, we believe that
    each stockholder named in this table has sole voting and
    investment power with respect to the shares indicated as
    beneficially owned. Class&#160;A shares of common stock of SCC,
    Class&#160;L shares of common stock of SCC and preferred shares
    of SCCII are referred to in the notes to this table as,
    respectively, Class&#160;A shares, Class&#160;L shares and
    preferred shares.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Unless otherwise indicated, the beneficial ownership of any
    named person does not exceed, in the aggregate, one percent of
    the outstanding equity securities of SCC and SCCII Corp. II on
    March&#160;1, 2010, as adjusted as required by applicable rules.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes (i)&#160;34,693,273 Class&#160;A shares, 3,801,832
    Class&#160;L shares and 1,313,076 preferred shares held by Bain
    Capital Integral Investors, LLC (&#147;Bain Integral&#148;),
    whose administrative member is Bain Capital Investors, LLC
    (&#147;BCI&#148;); and (ii)&#160;156,384 Class&#160;A shares,
    70,352 Class&#160;L shares and 27,295 preferred shares held by
    BCIP TCV, LLC (&#147;BCIP TCV&#148; and, together with Bain
    Integral, the &#147;Bain Funds&#148;), </TD>
</TR>
<!-- XBRL Paragraph Pagebreak -->

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    88
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    whose administrative member is BCI. The address of each of the
    entities listed in this footnote is
    <FONT style="white-space: nowrap">c/o&#160;Bain</FONT>
    Capital, LLC, 111 Huntington Avenue, Boston, Massachusetts 02199.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes (i)&#160;18,317,228 Class&#160;A shares, 2,035,248
    Class&#160;L shares and 704,509 preferred shares held by
    Blackstone Capital Partners&#160;IV L.P. (&#147;BCP IV&#148;),
    whose general partner is Blackstone Management
    Associates&#160;IV L.L.C. (&#147;BMA IV&#148;);
    (ii)&#160;289,253 Class&#160;A shares, 32,139 Class&#160;L
    shares and 11,125 preferred shares held by Blackstone Capital
    Partners IV-A L.P. (&#147;BCP IV-A&#148;), whose general partner
    is BMA IV; (iii)&#160;810,541 Class&#160;A shares, 90,060
    Class&#160;L shares and 31,175 preferred shares held by
    Blackstone Family Investment Partnership IV-A L.P. (&#147;BFIP
    IV-A&#148;), whose general partner is BMA IV; (iv)&#160;66,204
    Class&#160;A shares, 7,356 Class&#160;L shares and 2,546
    preferred shares held by Blackstone Participation
    Partnership&#160;IV L.P. (&#147;BPP IV&#148;), whose general
    partner is BMA IV; (v)&#160;14,444,444 Class&#160;A shares,
    1,604,938 Class&#160;L shares and 555,556 preferred shares held
    by Blackstone GT Communications Partners L.P.
    (&#147;BGTCP&#148;), whose general partner is Blackstone
    Communications Management Associates I L.L.C. (&#147;BCMA
    IV&#148;); and (vi)&#160;921,986 Class&#160;A shares,102,443
    Class&#160;L shares and 35,461 preferred shares held by
    Blackstone Family Communications Partnership L.P.
    (&#147;BFCP&#148; and, collectively with BCP IV, BCP IV-A, BFIP
    IV-A, BPP IV and BGTCP, the &#147;Blackstone Funds&#148;), whose
    general partner is BCMA IV. Messrs.&#160;Peter G. Peterson and
    Stephen A. Schwarzman are the founding members of BMA IV and
    BCMA IV and as such may be deemed to share beneficial ownership
    of the shares held or controlled by the Blackstone Funds. Each
    of BMA IV and BCMA IV and Messrs.&#160;Peterson and Schwarzman
    disclaims beneficial ownership of such shares. The address of
    each of the entities listed in this footnote is
    <FONT style="white-space: nowrap">c/o&#160;The</FONT>
    Blackstone Group, L.P., 345 Park Avenue, New York, New York
    10154.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    The Goldman Sachs Group, Inc., which we refer to as GS Grup,
    Goldman, Sachs&#160;&#038; Co., which we refer to as Goldman
    Sachs, and certain of their affiliates may be deemed to own
    beneficially and indirectly Class&#160;A shares, Class&#160;L
    shares and preferred shares which are owned directly or
    indirectly by investment partnerships of which affiliates of
    Goldman Sachs and GS Group are the general partner, managing
    limited partner or managing partner. We refer to these
    investment partnerships as the GS Limited Partnerships. Goldman
    Sachs is an affiliate of each of, and investment manager for
    certain of, the GS Limited Partnerships. GS Group, Goldman,
    Sachs and the GS Limited Partnerships share voting power and
    investment power with certain of their respective affiliates.
    The GS Limited Partnerships and their respective beneficial
    ownership of shares of SCC and SCC II include:
    (i)&#160;8,034,125 Class&#160;A shares, 892,681 Class&#160;L
    shares and 309,005 preferred shares held by GS Capital Partners
    2000, L.P.; (ii)&#160;2,552,674 Class&#160;A shares, 283,630
    Class&#160;L shares and 98,180 preferred shares held by GS
    Capital Partners 2000 Employee Fund, L.P.; (iii)&#160;2,919,293
    Class&#160;A shares, 324,366 Class&#160;L shares and preferred
    112,281 held by GS Capital Partners 2000 Offshore, L.P.;
    (iv)&#160;354,921 Class&#160;A shares, 39,436 Class&#160;L
    shares and 13,651 preferred shares held by Goldman Sachs Direct
    Investment Fund&#160;2000, L.P.; (v)&#160;335,812 Class&#160;A
    shares, 37,312 Class&#160;L shares and 12,916 preferred shares
    held by GS Capital Partners 2000 GmbH&#160;&#038; Co.
    Beteiligungs KG; (vi)&#160;7,475,480 Class&#160;A shares,
    830,609 Class&#160;L shares and 287,518 preferred shares held by
    GS Capital Partners V Fund, L.P.; (vii)&#160;3,861,537
    Class&#160;A shares, 429,060 Class&#160;L shares and 148,521
    preferred shares held by GS Capital Partners V Offshore Fund,
    L.P.; (viii)&#160;296,373 Class&#160;A shares, 32,930
    Class&#160;L shares and 11,399 preferred shares held by GS
    Capital Partners V GmbH&#160;&#038; Co. KG; and
    (ix)&#160;2,563,436 Class&#160;A shares, 284,826 Class&#160;L
    shares and 98,594 preferred shares held by GS Capital Partners V
    Institutional, L.P. Each of Goldman Sachs and GS Group disclaims
    beneficial ownership of the shares owned directly and indirectly
    by the GS Limited Partnerships, except to the extent of their
    pecuniary interest therein, if any. The address for GS Group,
    Goldman Sachs and the GS Limited Partnerships is 200&#160;West
    Street, New York, New York 10282.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes (i)&#160;33,937,852 Class&#160;A shares, 3,770,872
    Class&#160;L shares and 1,305,302 preferred shares held by KKR
    Millennium Fund&#160;L.P. (&#147;KKR Millennium Fund&#148;),
    whose general partner is KKR Associates Millennium L.P., whose
    general partner is KKR Millennium GP LLC; and (ii)&#160;911,806
    Class&#160;A shares, 101,312 Class&#160;L shares and 35,069
    preferred shares held by KKR Partners III, L.P. (&#147;KKR
    III&#148; and, together with KKR Millennium Fund, the &#147;KKR
    Funds&#148;), whose general partner is KKR III GP LLC. The
    address of each of the entities listed in this footnote is
    <FONT style="white-space: nowrap">c/o&#160;Kohlberg</FONT>
    Kravis Roberts&#160;&#038; Co. L.P., 9&#160;West 57th Street,
    New York, New York 10019.</TD>
</TR>

</TABLE>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    89
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (7) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes (i)&#160;18,390,397 Class&#160;A shares, 2,043,377
    Class&#160;L shares and 707,323 preferred shares held by
    Providence Equity Partners V LP (&#147;PEP V&#148;), whose
    general partner is Providence Equity GP V LP, whose general
    partner is Providence Equity Partners V L.L.C. (&#147;PEP V
    LLC&#148;); and (ii)&#160;2,904,841 Class&#160;A shares, 322,760
    Class&#160;L shares and 111,725 preferred shares held by
    Providence Equity Partners V-A LP (&#147;PEP V-A&#148; and,
    together with PEP&#160;V, the &#147;Providence Equity
    Funds&#148;), whose general partner is Providence Equity GP V
    LP, whose general partner is PEP V LLC. PEP V LLC may be deemed
    to share beneficial ownership of the shares owned by PEP V and
    PEP V-A. PEP V LLC disclaims this beneficial ownership.
    Messrs.&#160;Angelakis, Creamer, Masiello, Mathieu, Nelson,
    Pelson and Salem are members of PEP V LLC and may also be deemed
    to possess indirect beneficial ownership of the securities owned
    by the Providence Equity Funds, but disclaim such beneficial
    ownership. The address of each of the entities listed in this
    footnote is
    <FONT style="white-space: nowrap">c/o&#160;Providence</FONT>
    Equity Partners Inc., 50 Kennedy Plaza, 18th Floor, Providence,
    Rhode Island 02903.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (8) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes (i)&#160;34,440,889 Class&#160;A shares, 3,826,765
    Class&#160;L shares and 1,324,650 preferred shares held by
    Silver Lake Partners II, L.P. (&#147;SLP II&#148;), whose
    general partner is Silver Lake Technology Associates II, L.L.C.
    (&#147;SLTA II&#148;); and (ii)&#160;47,657 Class&#160;A shares,
    5,295 Class&#160;L shares and 1,833 preferred shares held by
    Silver Lake Technology Investors II, L.P. (&#147;SLTI II&#148;
    and, together with SLP II, the &#147;Silver Lake Funds&#148;),
    whose general partner is SLTA II. The address of each of the
    entities listed in this footnote is
    <FONT style="white-space: nowrap">c/o&#160;Silver</FONT>
    Lake, 9&#160;West 57th Street, 32nd Floor, New York, New York
    10019.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (9) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes (i)&#160;20,745,833 Class&#160;A shares, 2,305,093
    Class&#160;L shares and 797,917 preferred shares held by TPG
    Partners IV, L.P. (&#147;TPG IV&#148;), whose general partner is
    TPG GenPar IV, L.P. (&#147;TPG GenPar IV&#148;), whose general
    partner is TPG Advisors IV, Inc. (&#147;TPG Advisors IV&#148;);
    (ii)&#160;2,349,389 Class&#160;A shares, 261,043 Class&#160;L
    shares and 90,361 preferred shares held by T3 Partners II, L.P.
    (&#147;T3 Partners II&#148;), whose general partner is T3 GenPar
    II, L.P. (&#147;T3 GenPar II&#148;), whose general partner is T3
    Advisors II, Inc. (&#147;T3 Advisors II&#148;);
    (iii)&#160;377,000 Class&#160;A shares, 41,889 Class&#160;L
    shares and 14,500 preferred shares held by T3 Parallel II, L.P.
    (&#147;T3 Parallel II&#148;), whose general partner is T3 GenPar
    II, whose general partner is T3 Advisors II; (iv)&#160;5,416,667
    Class&#160;A shares, 601,852 Class&#160;L shares and 208,333
    preferred shares held by TPG Solar&#160;III LLC (&#147;TPG Solar
    III&#148;), whose managing member is TPG Partners III, L.P.
    (&#147;TPG Partners III&#148;), whose general partner is TPG
    GenPar III, L.P. (&#147;TPG GenPar III&#148;), whose general
    partner is TPG Advisors III, Inc. (&#147;TPG Advisors
    III&#148;); and (v)&#160;5,960,768 Class&#160;A shares, 662,308
    Class&#160;L shares and 229,260 preferred shares held by TPG
    Solar Co-Invest LLC (&#147;TPG Solar Co-Invest&#148; and,
    collectively with TPG IV, T3 Partners II, T3 Parallel&#160;II
    and TPG Solar III, the &#147;TPG Funds&#148;), whose managing
    member is TPG GenPar IV, whose general partner is TPG Advisors
    IV. Messrs.&#160;David Bonderman and James G. Coulter are
    directors, officers and sole shareholders of each of TPG
    Advisors IV, T3 Advisors&#160;II and TPG Advisors III. Because
    of these relationships, each of Messrs.&#160;Bonderman and
    Coulter and TPG Advisors IV, T3 Advisors&#160;II and TPG
    Advisors&#160;III may be deemed to have investment powers and
    beneficial ownership with respect to the shares directly held by
    the TPG Funds. The address of each of the entities and persons
    identified in this footnote is
    <FONT style="white-space: nowrap">c/o&#160;TPG</FONT>
    Capital, L.P., 301 Commerce Street, Fort&#160;Worth, Texas 76102.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (10) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes the following shares which the beneficial owner has the
    right to acquire within 60&#160;days after March&#160;1, 2010 by
    exercising stock options:</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="55%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="6%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="6%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Shares of Class A<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Shares of Class L<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Shares of<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Beneficial Owner</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Common Stock</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Common Stock</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Preferred Stock</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    James E. Ashton III
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    408,632
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    45,167
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15,639
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Crist&#243;bal Conde
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,141,487
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    348,947
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    120,826
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Harold C. Finders
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    424,448
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    46,937
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16,253
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    James L. Mann
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,538
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    627
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    217
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Richard C. Tarbox
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    931,583
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    103,385
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    35,792
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    All 21&#160;directors and officers as a group
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,900,878
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    870,065
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    301,247
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (11) </TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Chu, a director of the Parent Companies and SunGard, is
    a member of BMA IV and BCMA IV and a senior managing director of
    The Blackstone Group, L.P. Amounts disclosed for Mr.&#160;Chu
    are also included above in the amounts disclosed in the table
    next to &#147;Blackstone Funds.&#148; Mr.&#160;Chu disclaims
    beneficial </TD>
</TR>
<!-- XBRL Paragraph Pagebreak -->

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    90
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    ownership of any shares owned directly or indirectly by the
    Blackstone Funds, except to the extent of his pecuniary interest
    therein. Mr.&#160;Chu does not have sole voting or investment
    power with respect to the shares owned by the Blackstone Funds.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (12) </TD>
    <TD></TD>
    <TD valign="bottom">
    In connection with a loan, Mr.&#160;Conde pledged the following
    shares as security: 361,111.11 Class&#160;A shares, 40,123.46
    Class&#160;L shares and 13,888.89 preferred shares.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (13) </TD>
    <TD></TD>
    <TD valign="bottom">
    Investment and voting decisions at BCI are made jointly by three
    or more individuals who are managing directors of the entity,
    and therefore no individual managing director of BCI is the
    beneficial owner of the securities, except with respect to the
    shares in which such member holds a pecuniary interest.
    Mr.&#160;Connaughton, a director of the Parent Companies and
    SunGard, is a member and managing director of BCI and may
    therefore be deemed to beneficially own the amounts disclosed in
    the table next to &#147;Bain Funds.&#148; Mr.&#160;Connaughton
    disclaims beneficial ownership of any shares owned directly or
    indirectly by the Bain Funds, except to the extent of his
    pecuniary interest therein.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (14) </TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Greene, a director of the Parent Companies and SunGard,
    is an executive of Kohlberg Kravis Roberts&#160;&#038; Co. L.P.
    and/or one or more of its affiliates. Mr.&#160;Greene disclaims
    beneficial ownership of any shares owned directly or indirectly
    by the KKR Funds, except to the extent of his pecuniary interest
    therein.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (15) </TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Hutchins, a director of the Parent Companies and
    SunGard, is a managing director of SLTA II. Amounts disclosed
    for Mr.&#160;Hutchins are also included above in the amounts
    disclosed in the table next to &#147;Silver Lake Funds.&#148;
    Mr.&#160;Hutchins disclaims beneficial ownership of any shares
    owned directly or indirectly by the Silver Lake Funds, except to
    the extent of his pecuniary interest therein.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (16) </TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Marren, a director of the Parent Companies and SunGard,
    is a senior partner of TPG Capital, L.P., an affiliate of the
    TPG Funds.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (17) </TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Mehra, a director of the Parent Companies and SunGard,
    is a managing director of Goldman Sachs. Amounts disclosed for
    Mr.&#160;Mehra are also included above in the amounts disclosed
    in the table next to &#147;GS Limited Partnerships.&#148;
    Mr.&#160;Mehra disclaims beneficial ownership of any shares
    owned directly or indirectly by the GS Limited Partnerships,
    except to the extent of his pecuniary interest therein.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (18) </TD>
    <TD></TD>
    <TD valign="bottom">
    Ms.&#160;Richardson, a director of the Parent Companies and
    SunGard, is a managing director of Providence Equity Partners,
    Inc., an affiliate of the Providence Equity Funds. Amounts
    disclosed for Ms.&#160;Richardson are also included above in the
    amounts disclosed in the table next to &#147;Providence Equity
    Funds.&#148; Ms.&#160;Richardson disclaims beneficial ownership
    of any shares owned directly or indirectly by the Providence
    Equity Funds, except to the extent of her pecuniary interest
    therein.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (19) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes the following shares which Mr.&#160;Ruane has the right
    to acquire within 60&#160;days after March&#160;1, 2010 by
    exercising stock options: 838,776 Class&#160;A shares, 93,173
    Class&#160;L shares and 32,261 preferred shares.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (20) </TD>
    <TD></TD>
    <TD valign="bottom">
    Excluding shares beneficially owned by Ms.&#160;Richardson and
    Messrs.&#160;Chu, Hutchins and Mehra and by Mr.&#160;Ruane, who
    is no longer an executive officer, the number of shares
    beneficially owned by all directors and executive officers as a
    group is as follows: Class&#160;A shares&#160;&#151; 12,223,857;
    Class&#160;L shares&#160;&#151; 1,350,372; preferred
    shares&#160;&#151; 470,348; percent of classes&#160;&#151; 4.79%.</TD>
</TR>

</TABLE>

<A name='112'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CERTAIN
    RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to our Global Business Conduct and Compliance Program,
    all employees and directors (including our named executives) who
    have, or whose immediate family members have, any financial
    interests in other entities where such involvement is or may
    appear to cause a conflict of interest situation are required to
    report to us the conflict. If the conflict involves a director
    or executive officer or is considered material, the situation
    will be reviewed by the Compliance Committee. The Compliance
    Committee will then consult with the Audit Committee and
    determine whether a conflict exists or will exist, and if so,
    what action should be taken to resolve the conflict or potential
    conflict. In other cases, conflicts are reviewed and resolved by
    the Compliance Committee. Additionally, in connection with the
    Transaction, the Company&#146;s four parent companies and the
    Sponsors entered into a principal investor agreement which
    requires affiliated party transactions
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    involving the Sponsors to be approved by the majority of
    Sponsors not involved in the affiliated party transaction.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Other than as described under this heading, the Company has not
    adopted any formal policies or procedures for the review,
    approval or ratification of certain related-party transactions
    that may be required to be reported under the SEC disclosure
    rules. Such transactions, if and when they are proposed or have
    occurred, have traditionally been (and will continue to be)
    reviewed by the Audit Committee (other than the committee
    members involved, if any) on a
    <FONT style="white-space: nowrap">case-by-case</FONT>
    basis.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On August&#160;11, 2005, upon completion of the Transaction, the
    Company and its four parent companies entered into a management
    agreement with affiliates of each of the Sponsors pursuant to
    which such entities or their affiliates will provide management
    consultant services, including financial, managerial and
    operational advice and implementation of strategies for
    improving the operating, marketing and financial performance of
    the Company and its subsidiaries. Under the management
    agreement, affiliates of the Sponsors receive quarterly annual
    management fees equal to 1% of the Company&#146;s quarterly
    &#147;EBITDA,&#148; as defined in the Indenture dated
    August&#160;11, 2005 governing the senior notes due 2013 (but
    assuming the management fee had not been paid for purposes of
    such calculation), and reimbursement for out-of-pocket expenses
    incurred by them or their affiliates in connection with the
    provision of management consulting services pursuant to the
    agreement. During the years ended December&#160;31, 2007, 2008
    and 2009, the Company recorded $17&#160;million,
    $23&#160;million and $15&#160;million respectively relating to
    management fees.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the event that the management agreement is terminated, the
    Sponsors will receive a lump sum payment equal to the present
    value of the annual management fees that would have been payable
    for the remainder of the term of the management agreement. The
    initial term of the management agreement is ten years, and it
    extends annually for one year unless the Sponsors or the Company
    and its parent companies provide notice to the other. Finally,
    the management agreement provides that affiliates of the
    Sponsors will be entitled to receive a fee equal to 1% of the
    gross transaction value in connection with certain subsequent
    financing, acquisition, disposition and change of control
    transactions in excess of a threshold amount.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition to serving as a director, Mr.&#160;Mann is currently
    an employee of the Company and accordingly in 2009 received
    salary and benefits. See note&#160;2 to the table under
    &#147;Director Compensation.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our Sponsors
    <FONT style="white-space: nowrap">and/or</FONT> their
    respective affiliates have from time to time entered into, and
    may continue to enter into, arrangements with us to use our
    products and services in the ordinary course of their business,
    which often result in revenues to SunGard in excess of $120,000
    annually.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In June 2009, certain of our Sponsors
    <FONT style="white-space: nowrap">and/or</FONT> their
    respective affiliates received fees in connection with
    participating in the refinancing of our senior secured credit
    facility. Kohlberg Kravis Roberts&#160;&#038; Co. received
    $525,548, Goldman Sachs&#160;&#038; Co. received $427,612, The
    Blackstone Group received $251,046, Bain Capital Partners
    received $242,183 and TPG received $111,938.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Effective February&#160;16, 2007, we entered into a three-year
    participation agreement with one-year renewal terms
    (&#147;participation agreement&#148;) with Core
    Trust&#160;Purchasing Group, a division of HealthTrust
    Purchasing Corporation (&#147;CPG&#148;), designating CPG as our
    exclusive &#147;group purchasing organization&#148; for the
    purchase of certain products and services from third party
    vendors. CPG secures from vendors pricing terms for goods and
    services that are believed to be more favorable than
    participants in the group purchasing organization could obtain
    for themselves on an individual basis. Under the participation
    agreement, we must purchase 80% of the requirements of our
    participating locations for core categories of specified
    products and services, from vendors participating in the group
    purchasing arrangement with CPG or CPG may terminate the
    contract. In connection with purchases by its participants
    (including us), CPG receives a commission from the vendors in
    respect of such purchases. Although CPG is not affiliated with
    Blackstone, in consideration for Blackstone&#146;s facilitating
    our participation in CPG and monitoring the services CPG
    provides to us, CPG remits a portion of the commissions received
    from vendors in respect of our purchases under the participation
    agreement to an affiliate of Blackstone, with whom Chinh E. Chu,
    a member of our Boards of Directors, is affiliated and in which
    he may have an indirect pecuniary interest.
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DIRECTOR
    INDEPENDENCE</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SCC, SCCII and SunGard are privately-held corporations. Our
    Sponsor Directors are not independent because of their
    affiliations with funds which hold more than 5% equity interests
    in the Parent Companies. Messrs.&#160;Conde and Mann are not
    independent directors because they are currently employed by the
    Company.
</DIV>

<A name='113'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DESCRIPTION
    OF OTHER INDEBTEDNESS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Senior
    Secured Credit Facilities</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Overview</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with the Transaction, we entered into a senior
    secured credit agreement with J.P.&#160;Morgan Securities Inc.,
    as joint lead arranger and joint bookrunner, Citigroup Global
    Markets Inc., as joint lead arranger, joint bookrunner and
    co-syndication agent, Deutsche Bank Securities Inc., as joint
    bookrunner and co-syndication agent, and JPMorgan Chase Bank,
    N.A. as administrative agent and collateral agent.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The senior secured credit facilities entered into in connection
    with the Transaction provided senior secured financing of
    $5,000&#160;million, consisting of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    $4,000&#160;million-equivalent in term loan facilities,
    comprised of a $3,685&#160;million facility and
    $315&#160;million-equivalent facilities, $165&#160;million of
    which is denominated in euros and $150&#160;million of which is
    denominated in pounds sterling;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a $1,000&#160;million revolving credit facility.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In February 2007, we entered into an amendment to, among other
    things, increase the amount of term loan facilities by
    $400&#160;million. After giving effect to the amendment, the
    aggregate amount of the U.S.&#160;dollar denominated portion of
    the term loan facilities was approximately $4,030&#160;million.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In September 2008, we entered into a second amendment to, among
    other things, increase the amount of term loan facilities by
    $500&#160;million. After giving effect to the second amendment,
    the aggregate amount of the U.S.&#160;dollar denominated portion
    of the term loan facilities was approximately
    $4,459&#160;million.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In June 2009, we entered into an amendment and restatement to,
    among other things, (a)&#160;extend the maturity date of
    $2.5&#160;billion of dollar-denominated term loans,
    &#163;40&#160;million of pound sterling-denominated term loans,
    and &#128;120&#160;million of euro-denominated term loans to
    February&#160;28, 2016, (b)&#160;reduce existing revolving
    credit commitments to $829&#160;million and extend the
    termination date of $580&#160;million of revolving credit
    commitments to May&#160;11, 2013, and (c)&#160;amend certain
    other provisions, including provisions relating to negative
    covenants and financial covenants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SunGard is the primary borrower under the senior secured credit
    facilities, except that a U.K. subsidiary, organized under the
    laws of the United Kingdom, is the borrower under the sterling
    and euro term loan facilities. We also have the ability to
    designate one or more of our other U.K. subsidiaries as
    borrowers under the revolving credit facility. The revolving
    credit facility includes borrowing capacity available for
    letters of credit and for borrowings on
    <FONT style="white-space: nowrap">same-day</FONT>
    notice referred to as the swingline loans and is available in
    U.S.&#160;dollars, euros and pound sterling.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Interest
    Rate and Fees</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Borrowings under the senior secured credit facilities bear
    interest at a rate equal to an applicable margin plus, at our
    option, either (a)&#160;a base rate determined by reference to
    the higher of (1)&#160;the prime rate of JPMorgan Chase Bank,
    N.A. and (2)&#160;the federal funds rate plus
    <FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">2</FONT>
    of 1% or (b)&#160;a LIBOR rate determined by reference to the
    costs of funds for deposits in the currency of such borrowing
    for either 30, 60, 90 or 180&#160;days. The initial applicable
    margin for borrowings was, under the revolving credit facility,
    1.50% with respect to base rate borrowings and 2.50% with
    respect to LIBOR borrowings and, under the term loan facilities,
    1.50% with respect to base rate borrowings and 2.50% with
    respect to LIBOR borrowings.
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In February 2007, we entered into an amendment to, among other
    things, reduce the interest rate margin on all outstanding term
    loans under the senior secured credit agreement with respect to
    both base rate borrowings and LIBOR borrowings, subject to our
    attaining certain leverage ratios.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The second amendment in September 2008 changed certain terms
    applicable to the incremental term loan. Borrowings can either
    be at a base rate or a eurocurrency rate. Base rate borrowings
    reset daily and bear interest at a minimum of 4.0% plus a spread
    of 2.75%. Eurocurrency borrowings can be made for periods of 30,
    60, 90 or 180&#160;days and bear interest at a minimum of 3.0%
    plus a spread of 3.75%. The interest rate at December&#160;31,
    2009 was 6.75%.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the June 2009 amendment and restatement, interest
    rate spreads with respect to the extended term loans and
    interest rate spreads (and letter of credit fees) with respect
    to the extended portion of the revolving credit facility will be
    the applicable rate as set forth in the amended and restated
    agreement. All other interest rate spreads and fees remain
    unchanged, however, the 30&#160;day borrowing option is not
    available for the extended term loans. As of December&#160;31,
    2009, the interest rate for the extended term loans, after
    adjusting for interest rate swaps, was 6.79% and for the
    unextended term loans, after adjusting for interest rate swaps,
    was 3.24%.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition to paying interest on outstanding principal under
    the senior secured credit facilities, we are required to pay a
    commitment fee to the lenders under the revolving credit
    facility in respect of the unutilized commitments thereunder.
    The commitment fee rates with respect to unused commitments
    terminating in 2011 and unused commitments terminating in 2013
    are 0.50% per annum and 0.75% per annum, respectively, and may
    change subject to attaining certain leverage ratios. We must
    also pay customary letter of credit fees.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Prepayments</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The senior secured credit agreement requires us to prepay
    outstanding term loans, subject to certain exceptions, with:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    50% (which percentage is reduced to 0% if our total leverage
    ratio is less than 5.00 to 1.00) of our annual excess cash flow;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    100% of the net cash proceeds of all nonordinary course asset
    sales or other dispositions of property by SunGard Holdco LLC
    and its subsidiaries (including insurance and condemnation
    proceeds), other than the sale of receivables in connection with
    the receivables facility, if we do not commit to reinvest those
    proceeds in assets to be used in our business or to make certain
    other permitted investments within 15&#160;months as long as
    such reinvestment is completed within 180&#160;days;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    100% of the net cash proceeds of any incurrence of debt, other
    than proceeds from the receivables facility and other debt
    permitted under the senior secured credit agreement;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    100% of the net cash proceeds of financings under the
    receivables facility in excess of $750&#160;million, including
    increases in the amount of the receivables facility.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The foregoing mandatory prepayments are applied pro rata to the
    term loan facilities and to installments of the term loan
    facilities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We may voluntarily repay outstanding loans under the senior
    secured credit facilities at any time without premium or
    penalty, other than customary &#147;breakage&#148; costs with
    respect to LIBOR loans.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Amortization</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are required to repay installments on the loans under the
    term loan facilities in quarterly principal amounts of 0.25% of
    their funded total principal amount through their respective
    maturity dates with the remaining amount payable on their
    respective maturity dates. Maturity dates for all our term loan
    facilities will automatically become May&#160;15, 2013 if all
    the senior notes are not extended, renewed or refinanced on or
    prior to May&#160;15, 2013 and the maturity dates for our
    extended term loan facilities will automatically become
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    May&#160;15, 2015 if all the senior subordinated notes are not
    extended, renewed or refinanced on or prior to May&#160;15, 2015.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Principal amounts outstanding under the revolving credit
    facility are due and payable in full at maturity on
    August&#160;11, 2011 for the unextended portion of the revolving
    credit facility and on May&#160;11, 2013 for the extended
    portion.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Guarantee
    and Security</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    All obligations under the senior secured credit agreement are
    unconditionally guaranteed by SunGard Holdco LLC and, subject to
    certain exceptions, each of our existing and future domestic
    wholly owned subsidiaries, referred to, collectively, as
    U.S.&#160;Guarantors. In addition, if our U.K. subsidiary
    borrowers borrow under the revolving credit facility, those
    borrowings are required to be unconditionally guaranteed by
    certain of our wholly owned U.K. subsidiaries.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    All obligations under the senior secured credit facilities, and
    the guarantees of those obligations, are secured by
    substantially all the following assets of SunGard Holdco LLC, us
    and each U.S.&#160;Guarantor, subject to certain exceptions:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a pledge of 100% of the capital stock of SunGard Data Systems
    Inc., 100% of the capital stock of each U.S.&#160;Guarantor and
    65% of the capital stock of each of our wholly owned foreign
    subsidiaries that are directly owned by us or one of the
    U.S.&#160;Guarantors;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a security interest in, and mortgages on, substantially all
    tangible and intangible assets of SunGard Holdco LLC, SunGard
    Data Systems Inc. and each U.S.&#160;Guarantor.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, any obligations of U.K. borrowers under the
    revolving credit facility, and any U.K. guarantees of such
    obligations, are required to be secured by the following
    (subject to certain exceptions and only to the extent that the
    granting of such security interests does not give rise to the
    requirement that the senior secured notes described under
    &#147;&#151;&#160;Senior Secured Notes&#148; below be equally
    and ratably secured by such assets):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a pledge of the capital stock of each U.K. borrower and each
    U.K. guarantor;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a lien on substantially all tangible and intangible assets of
    each U.K. borrower and each U.K. guarantor.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Certain
    Covenants and Events of Default</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The senior secured credit agreement contains a number of
    covenants that, among other things, restrict, subject to certain
    exceptions, our ability to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    incur additional indebtedness or issue preferred stock;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    create liens on assets;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    enter into sale and leaseback transactions;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    engage in mergers or consolidations;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    sell assets;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    pay dividends and distributions or repurchase our capital stock;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    make investments, loans or advances;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    make capital expenditures;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    repay subordinated indebtedness (including the senior
    subordinated notes);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    make certain acquisitions;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    engage in certain transactions with affiliates;
</TD>
</TR>

</TABLE>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    95
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    amend material agreements governing our subordinated
    indebtedness (including the senior subordinated notes);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    change our lines of business;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    change the status of SunGard Holdco LLC as a passive holding
    company.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, the senior secured credit agreement requires us to
    maintain the following financial covenants:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a maximum total leverage ratio;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a minimum interest coverage ratio.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The senior secured credit agreement also contains certain
    customary affirmative covenants and events of default.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Receivables
    Facility</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with the Transaction, certain of our domestic
    subsidiaries entered into a receivables facility that provided,
    in the aggregate, up to $375&#160;million in funding for a
    period of six years following the closing of the Transaction. In
    December 2005, the agreements governing the principal
    receivables facility were amended to, among other things,
    increase the aggregate availability from $375&#160;million to a
    maximum amount of $450&#160;million and change certain other
    terms thereof, and the company terminated its transitional
    receivables facility (which had provided an amount of funding up
    to a maximum of $375&#160;million less that amount of funding
    under the principal receivables facility). In December 2008, we
    terminated our accounts receivable securitization program. Under
    the accounts receivable facility, eligible receivables were sold
    to third-party conduits through a wholly owned, bankruptcy
    remote special purpose entity that is not consolidated for
    financial reporting purposes. We serviced the receivables and
    charged a monthly servicing fee at market rates. The third-party
    conduits were sponsored by certain lenders under our senior
    secured credit facilities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In March 2009, SunGard AR Financing LLC, a newly-formed
    wholly-owned, bankruptcy-remote, special purpose financing
    subsidiary (&#147;Financing&#148;) of the company entered into a
    syndicated
    <FONT style="white-space: nowrap">three-year</FONT>
    receivables facility. The facility limit is $317&#160;million of
    which approximately $136&#160;million is on a revolving basis
    and the balance is a term loan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subject to obtaining the commitment of additional lenders, and
    the satisfaction of other customary conditions, the receivables
    facility may be increased up to a maximum amount of
    $500&#160;million.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In May 2009, the company increased the size of its receivables
    facility by $66.5&#160;million.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At December&#160;31, 2009, $181&#160;million was drawn against
    the term loan commitment and $69&#160;million was drawn against
    the revolving commitment, representing the full amount available
    for borrowing. Subsidiaries of the company that participate in
    the receivables facility (&#147;Sellers&#148;) transfer their
    receivables as a true sale to Financing pursuant to the
    Receivables Sale Agreement dated as of March&#160;27, 2009 (the
    &#147;Receivables Sale Agreement&#148;) and without recourse
    except for recourse for breaches of customary representations
    and warranties related to the receivables. Additional
    subsidiaries of the company may become parties to the
    receivables facility, subject to the satisfaction of specified
    conditions. Upon becoming parties, receivables originated by
    these subsidiaries will be included in the receivables balance
    eligible for funding under the receivables facility and will be
    included in the calculation of available funding thereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Availability of funding under the receivables facility depends
    primarily upon the outstanding trade accounts receivable balance
    of the Sellers. Aggregate availability is determined by using a
    formula that reduces the gross receivables balance by factors
    that take into account historical default and dilution rates,
    excessive concentrations and average days outstanding and the
    costs of the facility.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Interest
    Rates and Fees</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the receivables facility, Financing is generally required
    to pay interest on the amount of each advance at the one month
    LIBOR rate, adjusted for statutory reserves, plus 4.50% per
    annum. Financing is
</DIV>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    96
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    required to pay a fee on the unused portion of the receivables
    facility of 1.00% per annum, payable monthly in arrears. In
    addition, the company, acting as the initial receivables
    servicer, services, administers and collects receivables
    transferred pursuant to the receivables facility. Under the
    receivables facility, the company receives a monthly servicing
    fee of 1.00% per annum of the daily average outstanding balance
    of the receivables under such facility, payable monthly in
    arrears by Financing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The receivables facility may be terminated for material breaches
    of representations and warranties, bankruptcies of any Seller,
    the collection agent or Financing, a default by any Seller or
    Financing in the performance of any payment required to be made
    under the transaction documents, a merger or similar transaction
    involving Financing, cross acceleration under our other
    facilities, a change of control affecting the company, and a
    failure to maintain a minimum fixed charge coverage ratio, among
    other reasons.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Guaranty
    and Security</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The company unconditionally guarantees the performance of the
    Sellers&#146; obligations under the Receivables Sale Agreement.
    All obligations under the receivables facility are secured by
    the receivables purchased by Financing under the Receivables
    Sale Agreement.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Senior
    Secured Notes</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In January 2004, SunGard issued $250&#160;million aggregate
    principal amount of 3.750%&#160;senior notes due 2009 and
    $250&#160;million aggregate principal amount of
    4.875%&#160;senior notes due 2014 under a single indenture. Upon
    consummation of the Transaction, the senior secured notes became
    secured on an equal and ratable basis with loans under the
    senior secured credit facilities to the extent required by the
    indenture governing the senior secured notes and are guaranteed
    by all our subsidiaries that guarantee the notes. The terms of
    the indenture governing the senior secured notes provide that,
    in addition to customary events of default, a payment default or
    other default resulting in acceleration of payment obligations
    under any other indebtedness of SunGard or its subsidiaries
    aggregating more than $75&#160;million, including the notes,
    constitute an event of default under the indenture governing the
    senior secured notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In January 2009, SunGard repaid the 3.750%&#160;senior notes due
    2009 in full at maturity.
</DIV>

<A name='114'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DESCRIPTION
    OF SENIOR NOTES&#160;DUE 2013</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">General</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Certain terms used in this description are defined under the
    subheading &#147;Certain Definitions.&#148; In this description,
    (i)&#160;the terms &#147;<I>we</I>,&#148; &#147;<I>our</I>&#148;
    and &#147;<I>us</I>&#148; each refer to (a)&#160;prior to the
    consummation of the Acquisition, Solar Capital Corp. and not any
    of its Affiliates and (b)&#160;from and after the consummation
    of the Acquisition, SunGard Data Systems Inc.
    (&#147;<I>SunGard</I>&#148;) and its consolidated Subsidiaries,
    assuming completion of the Transaction; and (ii)&#160;the term
    &#147;<I>Issuer</I>&#148; refers only to (a)&#160;prior to the
    consummation of the Acquisition, Solar Capital Corp. and not any
    of its Affiliates and (b)&#160;from and after the consummation
    of the Acquisition, SunGard Data Systems Inc. and not any of its
    Subsidiaries.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer issued $1,600&#160;million aggregate principal amount
    of 9
    <FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">8</FONT>%&#160;senior
    notes due 2013 (the &#147;<I>Senior Notes</I>&#148;) under an
    indenture dated August&#160;11, 2005 (the
    &#147;<I>Indenture</I>&#148;) among the Issuer, the Guarantors
    and The Bank of New York, as trustee (the
    &#147;<I>Trustee</I>&#148;). The Senior Notes were issued in a
    private transaction that was not subject to the registration
    requirements of the Securities Act. Except as set forth herein,
    the terms of the Senior Notes are substantially identical and
    include those stated in the Indenture and those made part of the
    Indenture by reference to the Trust&#160;Indenture Act.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following description is only a summary of the material
    provisions of the Indenture, does not purport to be complete and
    is qualified in its entirety by reference to the provisions of
    those agreements, including the definitions therein of certain
    terms used below. We urge you to read the Indenture because it,
    not this description, defines your rights as Holders of the
    Senior Notes. You may request copies of the Indenture at our
    address set forth under the heading &#147;Prospectus
    Summary.&#148;
</DIV>
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    <BR>
    97
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Brief
    Description of Senior Notes</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Senior Notes are:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    unsecured senior obligations of the Issuer;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>pari passu </I>in right of payment with all existing and
    future Senior Indebtedness (including the Senior Credit
    Facilities and Senior Secured Notes) of the Issuer;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    effectively subordinated to all secured Indebtedness of the
    Issuer (including the Senior Credit Facilities and Senior
    Secured Notes);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    senior in right of payment to any future Subordinated
    Indebtedness (as defined with respect to the Senior Notes)
    (including the Senior Subordinated Notes) of the Issuer;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    initially guaranteed on a senior unsecured basis by each
    Restricted Subsidiary that guarantees the Senior Credit
    Facilities;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    subject to registration with the SEC pursuant to a Registration
    Rights Agreement.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Guarantees</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Guarantors, as primary obligors and not merely as sureties,
    jointly and severally irrevocably and unconditionally guarantee,
    on an unsecured senior basis, the performance and full and
    punctual payment when due, whether at maturity, by acceleration
    or otherwise, of all obligations of the Issuer under the
    Indenture and the Senior Notes, whether for payment of principal
    of or interest on or Additional Interest in respect of the
    Senior Notes, expenses, indemnification or otherwise, on the
    terms set forth in the Indenture by executing the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Restricted Subsidiaries (other than as detailed below)
    guarantee the Senior Notes. Each of the Guarantees of the Senior
    Notes is a general unsecured obligation of each Guarantor and is
    <I>pari passu </I>in right of payment with all existing and
    future Senior Indebtedness of each such entity, is effectively
    subordinated to all secured Indebtedness of each such entity and
    is senior in right of payment to all existing and future
    Subordinated Indebtedness (including the Senior Subordinated
    Notes) of each such entity. The Senior Notes are structurally
    subordinated to Indebtedness of Subsidiaries of the Issuer that
    do not Guarantee the Senior Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Not all of the Issuer&#146;s Subsidiaries guarantee the Senior
    Notes. In the event of a bankruptcy, liquidation or
    reorganization of any of these non-guarantor Subsidiaries, the
    non-guarantor Subsidiaries will pay the holders of their debt
    and their trade creditors before they will be able to distribute
    any of their assets to the Issuer. None of our Foreign
    Subsidiaries, broker-dealer subsidiaries, non-Wholly Owned
    Subsidiaries (subject to certain limited exceptions) or any
    Receivables Subsidiary guarantee the Senior Notes. As of
    December&#160;31, 2009, the non-guarantor Subsidiaries generated
    40% and 20% of SunGard&#146;s total revenue and EBITDA,
    respectively. In addition, as of December&#160;31, 2009, the
    non-guarantor Subsidiaries held 29% of SunGard&#146;s
    consolidated assets.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The obligations of each Guarantor under its Guarantees are
    limited as necessary to prevent the Guarantees from constituting
    a fraudulent conveyance under applicable law.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any entity that makes a payment under its Guarantee is entitled
    upon payment in full of all guaranteed obligations under the
    Indenture to a contribution from each other Guarantor in an
    amount equal to such other Guarantor&#146;s pro rata portion of
    such payment based on the respective net assets of all the
    Guarantors at the time of such payment determined in accordance
    with GAAP.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If a Guarantee were rendered voidable, it could be subordinated
    by a court to all other indebtedness (including guarantees and
    other contingent liabilities) of the Guarantor, and, depending
    on the amount of such indebtedness, a Guarantor&#146;s liability
    on its Guarantee could be reduced to zero. See &#147;Risk
    Factors&#160;&#151; Risks Related to the Notes&#160;&#151;
    Federal and state fraudulent transfer laws may permit a court to
    void the notes and the related guarantees of the notes, and, if
    that occurs, you may not receive any payments on the notes.&#148;
</DIV>
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    <BR>
    98
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A Guarantee by a Guarantor provides by its terms that it shall
    be automatically and unconditionally released and discharged
    upon:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;(a)&#160;any sale, exchange or transfer (by merger or
    otherwise) of the Capital Stock of such Guarantor (including any
    sale, exchange or transfer), after which the applicable
    Guarantor is no longer a Restricted Subsidiary or all or
    substantially all the assets of such Guarantor which sale,
    exchange or transfer is made in compliance with the applicable
    provisions of the Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the release or discharge of the guarantee by such
    Guarantor of the Senior Credit Facilities or the guarantee which
    resulted in the creation of such Guarantee, except a discharge
    or release by or as a result of payment under such guarantee;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;the proper designation of any Restricted Subsidiary
    that is a Guarantor as an Unrestricted Subsidiary;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;the Issuer exercising its legal defeasance option or
    covenant defeasance option as described under &#147;Legal
    Defeasance and Covenant Defeasance&#148; or the Issuer&#146;s
    obligations under the Indenture being discharged in accordance
    with the terms of the Indenture;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;such Guarantor delivering to the Trustee an
    Officer&#146;s Certificate and an Opinion of Counsel, each
    stating that all conditions precedent provided for in the
    Indenture relating to such transaction have been complied with.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ranking</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Senior
    Secured Indebtedness Versus the Senior Notes</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The payment of the principal of, premium, if any, and interest
    on the Senior Notes and the payment of any Guarantee rank
    <I>pari passu </I>in right of payment to all Senior Indebtedness
    of the Issuer or the relevant Guarantor, as the case may be,
    including the obligations of the Issuer and such Guarantor under
    the Senior Credit Facilities and the Senior Secured Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Senior Notes are effectively subordinated in right of
    payment to all of the Issuer&#146;s and the Guarantor&#146;s
    existing and future secured Indebtedness to the extent of the
    value of the assets securing such Indebtedness. As of
    December&#160;31, 2009, SunGard had $4,967&#160;million of
    secured Indebtedness, consisting entirely of secured
    Indebtedness under the Senior Credit Facilities and the Senior
    Secured Notes (which have a face amount of $250&#160;million,
    but are recorded at $234&#160;million and have been secured as
    of the Issue Date). As of December&#160;31, 2009,
    $250&#160;million was outstanding under our Receivables Facility.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Although the Indenture contains limitations on the amount of
    additional Indebtedness that the Issuer and the Guarantors may
    incur, under certain circumstances the amount of such
    Indebtedness could be substantial and, in any case, such
    Indebtedness may be Senior Indebtedness. See &#147;Certain
    Covenants&#160;&#151; Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock.&#148;
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Paying
    Agent and Registrar for the Senior Notes</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer maintains one or more paying agents for the Senior
    Notes in the Borough of Manhattan, City of New York. The initial
    paying agent for the Senior Notes is the Trustee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer also maintains a registrar with offices in the
    Borough of Manhattan, City of New York. The initial registrar is
    the Trustee. The registrar maintains a register reflecting
    ownership of the Senior Notes outstanding from time to time and
    makes payments on and facilitates transfer of Senior Notes on
    behalf of the Issuer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer may change the paying agents or the registrars
    without prior notice to the Holders. The Issuer or any of its
    Subsidiaries may act as a paying agent or registrar.
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Transfer
    and Exchange</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A Holder may transfer or exchange Senior Notes in accordance
    with the Indenture. The registrar and the Trustee may require a
    Holder to furnish appropriate endorsements and transfer
    documents in connection with a transfer of Senior Notes. Holders
    will be required to pay all taxes due on transfer. The Issuer is
    not required to transfer or exchange any Senior Note selected
    for redemption. Also, the Issuer is not required to transfer or
    exchange any Senior Note for a period of 15&#160;days before a
    selection of Senior Notes to be redeemed.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Principal,
    Maturity and Interest</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer issued $1,600&#160;million of Senior Notes in this
    offering. The Senior Notes mature on August&#160;15, 2013.
    Subject to compliance with the covenant described below under
    the caption &#147;Certain Covenants&#160;&#151; Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock,&#148; the Issuer may issue additional
    Senior Notes from time to time after this offering under the
    Indenture (&#147;<I>Additional Senior Notes</I>&#148;). Holders
    of each series of Senior Notes do not have separate rights to,
    among other things, give notice of Defaults or to direct the
    Trustee to exercise remedies during Event of Default or
    otherwise. The Senior Notes offered by the Issuer and any
    Additional Senior Notes subsequently issued under the Indenture
    are treated as a single class for all purposes under the
    Indenture, including waivers, amendments, redemptions and offers
    to purchase. Unless the context requires otherwise, references
    to &#147;Senior Notes&#148; for all purposes of the Indenture
    and this &#147;Description of Senior Notes&#148; include any
    Additional Senior Notes that are actually issued.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Interest on the Senior Notes accrues at the rate of 9
    <FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">8</FONT>%
    per annum and is payable semi-annually in arrears on February 15
    and August&#160;15, commencing on February&#160;15, 2006, to the
    Holders of Senior Notes of record on the immediately preceding
    February 1 and August&#160;1. Interest on the Senior Notes
    accrues from the most recent date to which interest has been
    paid or, if no interest has been paid, from and including the
    Issue Date. Interest on the Senior Notes is computed on the
    basis of a
    <FONT style="white-space: nowrap">360-day</FONT> year
    comprised of twelve
    <FONT style="white-space: nowrap">30-day</FONT>
    months.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Additional
    Interest</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Additional Interest may accrue on the Senior Notes in certain
    circumstances pursuant to the Registration Rights Agreement. All
    references in the Indenture, in any context, to any interest or
    other amount payable on or with respect to the Senior Notes
    shall be deemed to include any Additional Interest pursuant to
    the Registration Rights Agreement. Principal of, premium, if
    any, and interest on the Senior Notes are payable at the office
    or agency of the Issuer maintained for such purpose within the
    City and State of New York or, at the option of the Issuer,
    payment of interest may be made by check mailed to the Holders
    of the Senior Notes at their respective addresses set forth in
    the register of Holders; <I>provided </I>that all payments of
    principal, premium, if any, and interest with respect to the
    Senior Notes represented by one or more global notes registered
    in the name of or held by DTC or its nominee are made by wire
    transfer of immediately available funds to the accounts
    specified by the Holder or Holders thereof. Until otherwise
    designated by the Issuer, the Issuer&#146;s office or agency in
    New York is the office of the Trustee maintained for such
    purpose.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Mandatory
    Redemption; Offers to Purchase; Open Market Purchases</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer is not required to make any mandatory redemption or
    sinking fund payments with respect to the Senior Notes. However,
    under certain circumstances, the Issuer may be required to offer
    to purchase Senior Notes as described under the caption
    &#147;Repurchase at the Option of Holders.&#148; We may at any
    time and from time to time purchase Senior Notes in the open
    market or otherwise.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Optional
    Redemption</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except as set forth below, the Issuer is not entitled to redeem
    Senior Notes at its option prior to August&#160;15, 2009.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At any time prior to August&#160;15, 2009, the Issuer may redeem
    all or a part of the Senior Notes, upon not less than 30 nor
    more than 60&#160;days&#146; prior notice mailed by first-class
    mail to the registered address of each
</DIV>
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    <BR>
    100
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Holder of Senior Notes, at a redemption price equal to 100% of
    the principal amount of the Senior Notes redeemed plus the
    Applicable Premium as of, and accrued and unpaid interest and
    Additional Interest, if any, to the date of redemption (the
    &#147;<I>Redemption&#160;Date</I>&#148;), subject to the rights
    of Holders of Senior Notes on the relevant record date to
    receive interest due on the relevant interest payment date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On and after August&#160;15, 2009, the Issuer may redeem the
    Senior Notes, in whole or in part, upon notice as described
    under the heading &#147;Repurchase at the Option of
    Holders&#160;&#151; Selection and Notice,&#148; at the
    redemption prices (expressed as percentages of principal amount
    of the Senior Notes to be redeemed) set forth below, plus
    accrued and unpaid interest thereon and Additional Interest, if
    any, to the applicable Redemption&#160;Date, subject to the
    right of Holders of Senior Notes of record on the relevant
    record date to receive interest due on the relevant interest
    payment date, if redeemed during the twelve-month period
    beginning on August 15 of each of the years indicated below:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="91%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Year</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Percentage</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2009
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    104.563
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2010
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    102.281
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2011 and thereafter
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100.000
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, until August&#160;15, 2008, the Issuer may, at its
    option, on one or more occasions redeem up to 35% of the
    aggregate principal amount of Senior Notes at a redemption price
    equal to 109.125% of the aggregate principal amount thereof,
    plus accrued and unpaid interest thereon and Additional
    Interest, if any, to the applicable Redemption&#160;Date,
    subject to the right of Holders of Senior Notes of record on the
    relevant record date to receive interest due on the relevant
    interest payment date, with the net cash proceeds of one or more
    Equity Offerings; <I>provided </I>that at least 50% of the sum
    of the aggregate principal amount of Senior Notes originally
    issued under the Indenture and any Additional Senior Notes
    issued under the Indenture after the Issue Date remains
    outstanding immediately after the occurrence of each such
    redemption; <I>provided further </I>that each such redemption
    occurs within 90&#160;days of the date of closing of each such
    Equity Offering.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notice of any redemption upon any Equity Offering may be given
    prior to the redemption thereof, and any such redemption or
    notice may, at the Issuer&#146;s discretion, be subject to one
    or more conditions precedent, including, but not limited to,
    completion of the related Equity Offering.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Trustee shall select the Senior Notes to be purchased in the
    manner described under &#147;Repurchase at the Option of
    Holders&#160;&#151; Selection and Notice.&#148;
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Repurchase
    at the Option of Holders</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Change
    of Control</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Senior Notes provide that if a Change of Control occurs,
    unless the Issuer has previously or concurrently mailed a
    redemption notice with respect to all the outstanding Senior
    Notes as described under &#147;Optional Redemption,&#148; the
    Issuer will make an offer to purchase all of the Senior Notes
    pursuant to the offer described below (the &#147;<I>Change of
    Control Offer</I>&#148;) at a price in cash (the &#147;<I>Change
    of Control Payment</I>&#148;) equal to 101% of the aggregate
    principal amount thereof plus accrued and unpaid interest and
    Additional Interest, if any, to the date of purchase, subject to
    the right of Holders of the Senior Notes of record on the
    relevant record date to receive interest due on the relevant
    interest payment date. Within 30&#160;days following any Change
    of Control, the Issuer will send notice of such Change of
    Control Offer by first-class mail, with a copy to the Trustee,
    to each Holder of Senior Notes to the address of such Holder
    appearing in the security register with a copy to the Trustee,
    with the following information:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;that a Change of Control Offer is being made pursuant
    to the covenant entitled &#147;Change of Control,&#148; and that
    all Senior Notes properly tendered pursuant to such Change of
    Control Offer will be accepted for payment by the Issuer;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the purchase price and the purchase date, which will be
    no earlier than 30&#160;days nor later than 60&#160;days from
    the date such notice is mailed (the &#147;<I>Change of Control
    Payment Date</I>&#148;);
</DIV>
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    <BR>
    101
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;that any Senior Note not properly tendered will remain
    outstanding and continue to accrue interest;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;that unless the Issuer defaults in the payment of the
    Change of Control Payment, all Senior Notes accepted for payment
    pursuant to the Change of Control Offer will cease to accrue
    interest on the Change of Control Payment Date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;that Holders electing to have any Senior Notes
    purchased pursuant to a Change of Control Offer will be required
    to surrender such Senior Notes, with the form entitled
    &#147;Option of Holder to Elect Purchase&#148; on the reverse of
    such Senior Notes completed, to the paying agent specified in
    the notice at the address specified in the notice prior to the
    close of business on the third Business Day preceding the Change
    of Control Payment Date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;that Holders will be entitled to withdraw their
    tendered Senior Notes and their election to require the Issuer
    to purchase such Senior Notes, <I>provided </I>that the paying
    agent receives, not later than the close of business on the
    30th&#160;day following the date of the Change of Control
    notice, a telegram, telex, facsimile transmission or letter
    setting forth the name of the Holder of the Senior Notes, the
    principal amount of Senior Notes tendered for purchase, and a
    statement that such Holder is withdrawing its tendered Senior
    Notes and its election to have such Senior Notes purchased;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;that if the Issuer is redeeming less than all of the
    Senior Notes, the Holders of the remaining Senior Notes will be
    issued new Senior Notes and such new Senior Notes will be equal
    in principal amount to the unpurchased portion of the Senior
    Notes surrendered. The unpurchased portion of the Senior Notes
    must be equal to $2,000 or an integral multiple thereof;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;the other instructions, as determined by us, consistent
    with the covenant described hereunder, that a Holder must follow.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will comply with the requirements of
    <FONT style="white-space: nowrap">Rule&#160;14e-1</FONT>
    under the Exchange Act and any other securities laws and
    regulations thereunder to the extent such laws or regulations
    are applicable in connection with the repurchase of Senior Notes
    pursuant to a Change of Control Offer. To the extent that the
    provisions of any securities laws or regulations conflict with
    the provisions of the Indenture, the Issuer will comply with the
    applicable securities laws and regulations and shall not be
    deemed to have breached its obligations described in the
    Indenture by virtue thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On the Change of Control Payment Date, the Issuer will, to the
    extent permitted by law,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;accept for payment all Senior Notes issued by it or
    portions thereof properly tendered pursuant to the Change of
    Control Offer,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;deposit with the paying agent an amount equal to the
    aggregate Change of Control Payment in respect of all Senior
    Notes or portions thereof so tendered,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;deliver, or cause to be delivered, to the Trustee for
    cancellation the Senior Notes so accepted together with an
    Officer&#146;s Certificate to the Trustee stating that such
    Senior Notes or portions thereof have been tendered to and
    purchased by the Issuer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Senior Credit Facilities, and future credit agreements or
    other agreements relating to Senior Indebtedness to which the
    Issuer becomes a party may, provide that certain change of
    control events with respect to the Issuer would constitute a
    default thereunder (including a Change of Control under the
    Indenture). If we experience a change of control that triggers a
    default under our Senior Credit Facilities, we could seek a
    waiver of such default or seek to refinance our Senior Credit
    Facilities. In the event we do not obtain such a waiver or
    refinance the Senior Credit Facilities, such default could
    result in amounts outstanding under our Senior Credit Facilities
    being declared due and payable and cause a Receivables Facility
    to be wound-down.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our ability to pay cash to the Holders of Senior Notes following
    the occurrence of a Change of Control may be limited by our
    then-existing financial resources. Therefore, sufficient funds
    may not be available when necessary to make any required
    repurchases.
</DIV>
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    <BR>
    102
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Change of Control purchase feature of the Senior Notes may
    in certain circumstances make more difficult or discourage a
    sale or takeover of us and, thus, the removal of incumbent
    management. The Change of Control purchase feature is a result
    of negotiations between the Initial Purchasers and us. We have
    no present intention to engage in a transaction involving a
    Change of Control, although it is possible that we could decide
    to do so in the future. Subject to the limitations discussed
    below, we could, in the future, enter into certain transactions,
    including acquisitions, refinancings or other recapitalizations,
    that would not constitute a Change of Control under the
    Indenture, but that could increase the amount of indebtedness
    outstanding at such time or otherwise affect our capital
    structure or credit ratings. Restrictions on our ability to
    incur additional Indebtedness are contained in the covenants
    described under &#147;Certain Covenants&#160;&#151; Limitation
    on Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock&#148; and &#147;Certain
    Covenants&#160;&#151; Liens.&#148; Such restrictions in the
    Indenture can be waived only with the consent of the Holders of
    a majority in principal amount of the Senior Notes then
    outstanding. Except for the limitations contained in such
    covenants, however, the Indenture does not contain any covenants
    or provisions that may afford Holders of the Senior Notes
    protection in the event of a highly leveraged transaction.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will not be required to make a Change of Control Offer
    following a Change of Control if a third party makes the Change
    of Control Offer in the manner, at the times and otherwise in
    compliance with the requirements set forth in the Indenture
    applicable to a Change of Control Offer made by us and purchases
    all Senior Notes validly tendered and not withdrawn under such
    Change of Control Offer. Notwithstanding anything to the
    contrary herein, a Change of Control Offer may be made in
    advance of a Change of Control, conditional upon such Change of
    Control, if a definitive agreement is in place for the Change of
    Control at the time of making of the Change of Control Offer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The definition of &#147;Change of Control&#148; includes a
    disposition of all or substantially all of the assets of the
    Issuer to any Person. Although there is a limited body of case
    law interpreting the phrase &#147;substantially all,&#148; there
    is no precise established definition of the phrase under
    applicable law. Accordingly, in certain circumstances there may
    be a degree of uncertainty as to whether a particular
    transaction would involve a disposition of &#147;all or
    substantially all&#148; of the assets of the Issuer. As a
    result, it may be unclear as to whether a Change of Control has
    occurred and whether a Holder of Senior Notes may require the
    Issuer to make an offer to repurchase the Senior Notes as
    described above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The provisions under the Indenture relative to the Issuer&#146;s
    obligation to make an offer to repurchase the Senior Notes as a
    result of a Change of Control may be waived or modified with the
    written consent of the Holders of a majority in principal amount
    of the Senior Notes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Asset
    Sales</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture provides that the Issuer will not, and will not
    permit any of its Restricted Subsidiaries to, cause, make or
    suffer to exist an Asset Sale, unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the Issuer or such Restricted Subsidiary, as the case
    may be, receives consideration at the time of such Asset Sale at
    least equal to the fair market value (as determined in good
    faith by the Issuer) of the assets sold or otherwise disposed
    of;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;except in the case of a Permitted Asset Swap, at least
    75% of the consideration therefor received by the Issuer or such
    Restricted Subsidiary, as the case may be, is in the form of
    cash or Cash Equivalents; <I>provided</I> that the amount of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;any liabilities (as shown on the Issuer&#146;s or such
    Restricted Subsidiary&#146;s most recent balance sheet or in the
    footnotes thereto) of the Issuer or such Restricted Subsidiary,
    other than liabilities that are by their terms subordinated to
    the Senior Notes, that are assumed by the transferee of any such
    assets and for which the Issuer and all of its Restricted
    Subsidiaries have been validly released by all creditors in
    writing,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;any securities received by the Issuer or such
    Restricted Subsidiary from such transferee that are converted by
    the Issuer or such Restricted Subsidiary into cash (to the
    extent of the cash received) within 180&#160;days following the
    closing of such Asset Sale,&#160;and
</DIV>
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    (c)&#160;any Designated Non-cash Consideration received by the
    Issuer or such Restricted Subsidiary in such Asset Sale having
    an aggregate fair market value, taken together with all other
    Designated Non-cash Consideration received pursuant to this
    clause&#160;(c) that is at that time outstanding, not to exceed
    2.5% of Total Assets at the time of the receipt of such
    Designated Non-cash Consideration, with the fair market value of
    each item of Designated Non-cash Consideration being measured at
    the time received and without giving effect to subsequent
    changes in value,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

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    shall be deemed to be cash for purposes of this provision and
    for no other purpose.
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Within 450&#160;days after the receipt of any Net Proceeds of
    any Asset Sale, the Issuer or such Restricted Subsidiary, at its
    option, may apply the Net Proceeds from such Asset Sale,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;to permanently reduce:
</DIV>

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    (a)&#160;Obligations under the Senior Credit Facilities or the
    Senior Secured Notes; and to correspondingly reduce commitments
    with respect thereto;
</DIV>

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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Obligations under Senior Indebtedness that is secured
    by a Lien, which Lien is permitted by the Indenture, and to
    correspondingly reduce commitments with respect thereto;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;Obligations under other Senior Indebtedness (and to
    correspondingly reduce commitments with respect thereto),
    <I>provided</I> that the Issuer shall equally and ratably reduce
    Obligations under the Senior Notes as provided under
    &#147;Optional Redemption,&#148; through open-market purchases
    (to the extent such purchases are at or above 100% of the
    principal amount thereof) or by making an offer (in accordance
    with the procedures set forth below for an Asset Sale Offer) to
    all Holders to purchase their Senior Notes at 100% of the
    principal amount thereof, plus the amount of accrued but unpaid
    interest, if any, on the amount of Senior Notes that would
    otherwise be prepaid;&#160;or
</DIV>

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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;Indebtedness of a Restricted Subsidiary that is not a
    Guarantor, other than Indebtedness owed to the Issuer or another
    Restricted Subsidiary;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;to make (a)&#160;an Investment in any one or more
    businesses, <I>provided </I>that such Investment in any business
    is in the form of the acquisition of Capital Stock and results
    in the Issuer or another of its Restricted Subsidiaries, as the
    case may be, owning an amount of the Capital Stock of such
    business such that it constitutes a Restricted Subsidiary,
    (b)&#160;capital expenditures or (c)&#160;acquisitions of other
    assets, in each of (a), (b)&#160;and (c), used or useful in a
    Similar Business,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;to make an investment in (a)&#160;any one or more
    businesses, <I>provided </I>that such Investment in any business
    is in the form of the acquisition of Capital Stock and results
    in the Issuer or another of its Restricted Subsidiaries, as the
    case may be, owning an amount of the Capital Stock of such
    business such that it constitutes a Restricted Subsidiary,
    (b)&#160;properties or (c)&#160;acquisitions of other assets
    that, in each of (a), (b)&#160;and (c), replace the businesses,
    properties
    <FONT style="white-space: nowrap">and/or</FONT>
    assets that are the subject of such Asset Sale;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided </I>that, in the case of clauses&#160;(2) and
    (3)&#160;above, a binding commitment shall be treated as a
    permitted application of the Net Proceeds from the date of such
    commitment so long as the Issuer, or such other Restricted
    Subsidiary enters into such commitment with the good faith
    expectation that such Net Proceeds will be applied to satisfy
    such commitment within 180&#160;days of such commitment (an
    &#147;<I>Acceptable Commitment</I>&#148;) and, in the event any
    Acceptable Commitment is later cancelled or terminated for any
    reason before the Net Proceeds are applied in connection
    therewith, the Issuer or such Restricted Subsidiary enters into
    another Acceptable Commitment (a &#147;<I>Second
    Commitment</I>&#148;) within 180&#160;days of such cancellation
    or termination; <I>provided further </I>that if any Second
    Commitment is later cancelled or terminated for any reason
    before such Net Proceeds are applied, then such Net Proceeds
    shall constitute Excess Proceeds.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any Net Proceeds from the Asset Sale that are not invested or
    applied as provided and within the time period set forth in the
    first sentence of the preceding paragraph will be deemed to
    constitute &#147;<I>Excess Proceeds</I>.&#148; When the
    aggregate amount of Excess Proceeds exceeds $100&#160;million,
    the Issuer shall make an offer to all Holders of the Senior
    Notes and, if required by the terms of any Indebtedness that is
    <I>pari passu </I>with the Senior Notes (&#147;<I>Pari Passu
    Indebtedness</I>&#148;), to the holders of such Pari Passu
    Indebtedness (an &#147;<I>Asset </I>
</DIV>
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    <I>Sale Offer</I>&#148;), to purchase the maximum aggregate
    principal amount of the Senior Notes and such Pari Passu
    Indebtedness that is an integral multiple of $2,000 that may be
    purchased out of the Excess Proceeds at an offer price in cash
    in an amount equal to 100% of the principal amount thereof, plus
    accrued and unpaid interest and Additional Interest, if any, to
    the date fixed for the closing of such offer, in accordance with
    the procedures set forth in the Indenture. The Issuer will
    commence an Asset Sale Offer with respect to Excess Proceeds
    within ten Business Days after the date that Excess Proceeds
    exceed $100&#160;million by mailing the notice required pursuant
    to the terms of the Indenture, with a copy to the Trustee.
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To the extent that the aggregate amount of Senior Notes and such
    Pari Passu Indebtedness tendered pursuant to an Asset Sale Offer
    is less than the Excess Proceeds, the Issuer may use any
    remaining Excess Proceeds for general corporate purposes,
    subject to other covenants contained in the Indenture. If the
    aggregate principal amount of Senior Notes or the Pari Passu
    Indebtedness surrendered by such holders thereof exceeds the
    amount of Excess Proceeds, the Trustee shall select the Senior
    Notes and such Pari Passu Indebtedness to be purchased on a pro
    rata basis based on the accreted value or principal amount of
    the Senior Notes or such Pari Passu Indebtedness tendered. Upon
    completion of any such Asset Sale Offer, the amount of Excess
    Proceeds shall be reset at zero.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pending the final application of any Net Proceeds pursuant to
    this covenant, the holder of such Net Proceeds may apply such
    Net Proceeds temporarily to reduce Indebtedness outstanding
    under a revolving credit facility or otherwise invest such Net
    Proceeds in any manner not prohibited by the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will comply with the requirements of
    <FONT style="white-space: nowrap">Rule&#160;14e-1</FONT>
    under the Exchange Act and any other securities laws and
    regulations thereunder to the extent such laws or regulations
    are applicable in connection with the repurchase of the Senior
    Notes pursuant to an Asset Sale Offer. To the extent that the
    provisions of any securities laws or regulations conflict with
    the provisions of the Indenture, the Issuer will comply with the
    applicable securities laws and regulations and shall not be
    deemed to have breached its obligations described in the
    Indenture by virtue thereof.
</DIV>

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<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Selection
    and Notice</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Issuer is redeeming less than all of the Senior Notes
    issued by it at any time, the Trustee will select the Senior
    Notes to be redeemed (a)&#160;if the Senior Notes are listed on
    any national securities exchange, in compliance with the
    requirements of the principal national securities exchange on
    which the Senior Notes are listed or (b)&#160;on a pro rata
    basis to the extent practicable.
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notices of purchase or redemption shall be mailed by first-class
    mail, postage prepaid, at least 30 but not more than
    60&#160;days before the purchase or redemption date to each
    Holder of Senior Notes at such Holder&#146;s registered address,
    except that redemption notices may be mailed more than
    60&#160;days prior to a redemption date if the notice is issued
    in connection with a defeasance of the Senior Notes or a
    satisfaction and discharge of the Indenture. If any Senior Note
    is to be purchased or redeemed in part only, any notice of
    purchase or redemption that relates to such Senior Note shall
    state the portion of the principal amount thereof that has been
    or is to be purchased or redeemed.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will issue a new Senior Note in a principal amount
    equal to the unredeemed portion of the original Senior Note in
    the name of the Holder upon cancellation of the original Senior
    Note. Senior Notes called for redemption become due on the date
    fixed for redemption. On and after the redemption date, interest
    ceases to accrue on Senior Notes or portions of them called for
    redemption.
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Certain
    Covenants</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Set forth below are summaries of certain covenants contained in
    the Indenture. If on any date following the date of the Issue
    Date (i)&#160;the Senior Notes have Investment Grade Ratings
    from both Rating Agencies, and (ii)&#160;no Default has occurred
    and is continuing under the Indenture then, beginning on that
    day and continuing at all times thereafter regardless of any
    subsequent changes in the rating of the Senior Notes, the
    covenants
</DIV>
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    specifically listed under the following captions in this
    &#147;Description of Senior Notes&#148; section of this
    prospectus will no longer be applicable to the Senior Notes:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;&#147;Repurchase at the Option of Holders&#160;&#151;
    Asset Sales&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;&#147;&#151; Limitation on Restricted Payments&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;&#147;&#151; Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;clause (4) of the first paragraph of
    &#147;&#151;&#160;Merger, Consolidation or Sale of All or
    Substantially All Assets&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;&#147;&#151; Transactions with Affiliates&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;&#147;&#151; Dividend and Other Payment Restrictions
    Affecting Restricted Subsidiaries&#148;;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;&#147;&#151; Limitation on Guarantees of Indebtedness
    by Restricted Subsidiaries.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, during any period of time that: (i)&#160;the Senior
    Notes have Investment Grade Ratings from both Rating Agencies
    and (ii)&#160;no Default has occurred and is continuing under
    the Indenture (the occurrence of the events described in the
    foregoing clauses&#160;(i) and (ii)&#160;being collectively
    referred to as a &#147;<I>Covenant Suspension Event</I>&#148;),
    the Issuer and the Restricted Subsidiaries will not be subject
    to the covenant described under &#147;Repurchase at the Option
    of Holders&#160;&#151; Change of Control&#148; (the
    &#147;<I>Suspended Covenant</I>&#148;). In the event that the
    Issuer and the Restricted Subsidiaries are not subject to the
    Suspended Covenant under the Indenture for any period of time as
    a result of the foregoing, and on any subsequent date (the
    &#147;<I>Reversion Date</I>&#148;) one or both of the Rating
    Agencies (a)&#160;withdraw their Investment Grade Rating or
    downgrade the rating assigned to the Senior Notes below an
    Investment Grade Rating
    <FONT style="white-space: nowrap">and/or</FONT>
    (b)&#160;the Issuer or any of its Affiliates enter into an
    agreement to effect a transaction that would result in a Change
    of Control and one or more of the Rating Agencies indicate that
    if consummated, such transaction (alone or together with any
    related recapitalization or refinancing transactions) would
    cause such Rating Agency to withdraw its Investment Grade Rating
    or downgrade the ratings assigned to the Senior Notes below an
    Investment Grade Rating, then the Issuer and the Restricted
    Subsidiaries will thereafter again be subject to the Suspended
    Covenant under the Indenture with respect to future events,
    including, without limitation, a proposed transaction described
    in clause&#160;(b) above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    There can be no assurance that the Senior Notes will ever
    achieve or maintain Investment Grade Ratings.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Limitation
    on Restricted Payments</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will not, and will not permit any of its Restricted
    Subsidiaries to, directly or indirectly:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (I)&#160;declare or pay any dividend or make any payment or
    distribution on account of the Issuer&#146;s, or any of its
    Restricted Subsidiaries&#146; Equity Interests, including any
    dividend or distribution payable in connection with any merger
    or consolidation other than:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;dividends or distributions by the Issuer payable solely
    in Equity Interests (other than Disqualified Stock) of the
    Issuer;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;dividends or distributions by a Restricted Subsidiary
    so long as, in the case of any dividend or distribution payable
    on or in respect of any class or series of securities issued by
    a Restricted Subsidiary other than a Wholly-Owned Subsidiary,
    the Issuer or a Restricted Subsidiary receives at least its pro
    rata share of such dividend or distribution in accordance with
    its Equity Interests in such class or series of securities;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (II)&#160;purchase, redeem, defease or otherwise acquire or
    retire for value any Equity Interests of the Issuer or any
    direct or indirect parent of the Issuer, including in connection
    with any merger or consolidation;
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (III)&#160;make any principal payment on, or redeem, repurchase,
    defease or otherwise acquire or retire for value in each case,
    prior to any scheduled repayment, sinking fund payment or
    maturity, any Subordinated Indebtedness, other than:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Indebtedness permitted under clauses&#160;(7) and
    (8)&#160;of the covenant described under
    &#147;&#151;&#160;Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock&#148;;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the purchase, repurchase or other acquisition of
    Subordinated Indebtedness purchased in anticipation of
    satisfying a sinking fund obligation, principal installment or
    final maturity, in each case due within one year of the date of
    purchase, repurchase or acquisition;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (IV)&#160;make any Restricted Investment
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (all such payments and other actions set forth in
    clauses&#160;(I) through (IV)&#160;above being collectively
    referred to as &#147;<I>Restricted Payments</I>&#148;), unless,
    at the time of such Restricted Payment:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;no Default shall have occurred and be continuing or
    would occur as a consequence thereof;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;immediately after giving effect to such transaction on
    a <I>pro forma </I>basis, the Issuer could incur $1.00 of
    additional Indebtedness under the provisions of the first
    paragraph of the covenant described under
    &#147;&#151;&#160;Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred
    Stock&#148;;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;such Restricted Payment, together with the aggregate
    amount of all other Restricted Payments made by the Issuer and
    its Restricted Subsidiaries after the Issue Date (including
    Restricted Payments permitted by clauses (1), (2) (with respect
    to the payment of dividends on Refunding Capital Stock (as
    defined below) pursuant to clause&#160;(b) thereof only),
    (6)(c), (9)&#160;and (14)&#160;of the next succeeding paragraph,
    but excluding all other Restricted Payments permitted by the
    next succeeding paragraph), is less than the sum of (without
    duplication):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;50% of the Consolidated Net Income of the Issuer for
    the period (taken as one accounting period) beginning
    July&#160;1, 2005, to the end of the Issuer&#146;s most recently
    ended fiscal quarter for which internal financial statements are
    available at the time of such Restricted Payment, or, in the
    case such Consolidated Net Income for such period is a deficit,
    minus 100% of such deficit; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;100% of the aggregate net cash proceeds and the fair
    market value, as determined in good faith by the Issuer, of
    marketable securities or other property received by the Issuer
    since immediately after the Issue Date (other than net cash
    proceeds to the extent such net cash proceeds have been used to
    incur Indebtedness, Disqualified Stock or Preferred Stock
    pursuant to clause (12)(a) of the second paragraph of
    &#147;&#151;&#160;Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock&#148;) from
    the issue or sale of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;(A)&#160;Equity Interests of the Issuer, including
    Treasury Capital Stock (as defined below), but excluding cash
    proceeds and the fair market value, as determined in good faith
    by the Issuer, of marketable securities or other property
    received from the sale of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 17%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (x)&#160;Equity Interests to members of management, directors or
    consultants of the Issuer, any direct or indirect parent company
    of the Issuer and the Issuer&#146;s Subsidiaries after the Issue
    Date to the extent such amounts have been applied to Restricted
    Payments made in accordance with clause&#160;(4) of the next
    succeeding paragraph;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 17%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (y)&#160;Designated Preferred Stock
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 17%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and (B)&#160;to the extent such net cash proceeds are actually
    contributed to the Issuer, Equity Interests of the Issuer&#146;s
    direct or indirect parent companies (excluding contributions of
    the proceeds from the sale of Designated Preferred Stock of such
    companies or contributions to the extent such amounts have been
    applied to Restricted Payments made in accordance with
    clause&#160;(4) of the next succeeding paragraph);&#160;or
</DIV>
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    <BR>
    107
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;debt securities of the Issuer that have been converted
    into or exchanged for such Equity Interests of the Issuer;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided</I>, <I>however</I>, that this clause&#160;(b) shall
    not include the proceeds from (W)&#160;Refunding Capital Stock
    (as defined below), (X)&#160;Equity Interests or convertible
    debt securities of the Issuer sold to a Restricted Subsidiary,
    as the case may be, (Y)&#160;Disqualified Stock or debt
    securities that have been converted into Disqualified Stock or
    (Z)&#160;Excluded Contributions; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;100% of the aggregate amount of cash and the fair
    market value, as determined in good faith by the Issuer, of
    marketable securities or other property contributed to the
    capital of the Issuer following the Issue Date (other than net
    cash proceeds to the extent such net cash proceeds have been
    used to incur Indebtedness, Disqualified Stock or Preferred
    Stock pursuant to clause (12)(a) of the second paragraph of
    &#147;&#151;&#160;Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock&#148;) (other
    than by a Restricted Subsidiary and other than by any Excluded
    Contributions); <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;100% of the aggregate amount received in cash and the
    fair market value, as determined in good faith by the Issuer, of
    marketable securities or other property received by means of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;the sale or other disposition (other than to the Issuer
    or a Restricted Subsidiary) of Restricted Investments made by
    the Issuer or its Restricted Subsidiaries and repurchases and
    redemptions of such Restricted Investments from the Issuer or
    its Restricted Subsidiaries and repayments of loans or advances,
    and releases of guarantees, which constitute Restricted
    Investments by the Issuer or its Restricted Subsidiaries, in
    each case after the Issue Date;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;the sale (other than to the Issuer or a Restricted
    Subsidiary) of the stock of an Unrestricted Subsidiary or a
    distribution from an Unrestricted Subsidiary (other than in each
    case to the extent the Investment in such Unrestricted
    Subsidiary was made by the Issuer or a Restricted Subsidiary
    pursuant to clause&#160;(7) of the next succeeding paragraph or
    to the extent such Investment constituted a Permitted
    Investment) or a dividend from an Unrestricted Subsidiary after
    the Issue Date; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;in the case of the redesignation of an Unrestricted
    Subsidiary as a Restricted Subsidiary after the Issue Date, the
    fair market value of the Investment in such Unrestricted
    Subsidiary, as determined by the Issuer in good faith or if, in
    the case of an Unrestricted Subsidiary, such fair market value
    may exceed $150&#160;million, in writing by an Independent
    Financial Advisor, at the time of the redesignation of such
    Unrestricted Subsidiary as a Restricted Subsidiary other than an
    Unrestricted Subsidiary to the extent the Investment in such
    Unrestricted Subsidiary was made by the Issuer or a Restricted
    Subsidiary pursuant to clause&#160;(7) of the next succeeding
    paragraph or to the extent such Investment constituted a
    Permitted Investment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The foregoing provisions will not prohibit:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the payment of any dividend within 60&#160;days after
    the date of declaration thereof, if at the date of declaration
    such payment would have complied with the provisions of the
    Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;(a)&#160;the redemption, repurchase, retirement or
    other acquisition of any Equity Interests (&#147;<I>Treasury
    Capital Stock</I>&#148;) or Subordinated Indebtedness of the
    Issuer or any Equity Interests of any direct or indirect parent
    company of the Issuer, in exchange for, or out of the proceeds
    of the substantially concurrent sale (other than to a Restricted
    Subsidiary) of, Equity Interests of the Issuer or any direct or
    indirect parent company of the Issuer to the extent contributed
    to the Issuer (in each case, other than any Disqualified Stock)
    (&#147;<I>Refunding Capital Stock</I>&#148;) and (b)&#160;if
    immediately prior to the retirement of Treasury Capital Stock,
    the declaration and payment of dividends thereon was permitted
    under clause&#160;(6) of this paragraph, the declaration and
    payment of dividends on the Refunding Capital Stock (other than
    Refunding Capital Stock the proceeds of which were used to
    redeem, repurchase, retire or otherwise acquire any Equity
    Interests of any direct or indirect parent company of the
    Issuer) in an aggregate
</DIV>
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    <BR>
    108
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    amount per year no greater than the aggregate amount of
    dividends per annum that were declarable and payable on such
    Treasury Capital Stock immediately prior to such retirement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;the redemption, repurchase or other acquisition or
    retirement of Subordinated Indebtedness of the Issuer or a
    Guarantor made by exchange for, or out of the proceeds of the
    substantially concurrent sale of, new Indebtedness of the Issuer
    or a Guarantor, as the case may be, which is incurred in
    compliance with &#147;&#151;&#160;Limitation on Incurrence of
    Indebtedness and Issuance of Disqualified Stock and Preferred
    Stock&#148; so long as:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the principal amount of such new Indebtedness does not
    exceed the principal amount of (or accreted value, if
    applicable), plus any accrued and unpaid interest on, the
    Subordinated Indebtedness being so redeemed, repurchased,
    acquired or retired for value, plus the amount of any reasonable
    premium required to be paid under the terms of the instrument
    governing the Subordinated Indebtedness being so redeemed,
    repurchased, acquired or retired and any reasonable fees and
    expenses incurred in connection with the issuance of such new
    Indebtedness;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;such new Indebtedness is subordinated to the Senior
    Notes or the applicable Guarantee at least to the same extent as
    such Subordinated Indebtedness so purchased, exchanged,
    redeemed, repurchased, acquired or retired for value;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;such new Indebtedness has a final scheduled maturity
    date equal to or later than the final scheduled maturity date of
    the Subordinated Indebtedness being so redeemed, repurchased,
    acquired or retired;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;such new Indebtedness has a Weighted Average Life to
    Maturity equal to or greater than the remaining Weighted Average
    Life to Maturity of the Subordinated Indebtedness being so
    redeemed, repurchased, acquired or retired;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;a Restricted Payment to pay for the repurchase,
    retirement or other acquisition or retirement for value of
    Equity Interests (other than Disqualified Stock) of the Issuer
    or any of its direct or indirect parent companies held by any
    future, present or former employee, director or consultant of
    the Issuer, any of its Subsidiaries or any of its direct or
    indirect parent companies pursuant to any management equity plan
    or stock option plan or any other management or employee benefit
    plan or agreement; <I>provided</I>, <I>however</I>, that the
    aggregate Restricted Payments made under this clause&#160;(4) do
    not exceed in any calendar year $25&#160;million (which shall
    increase to $50&#160;million subsequent to the consummation of
    an underwritten public Equity Offering by the Issuer or any
    direct or indirect parent corporation of the Issuer) (with
    unused amounts in any calendar year being carried over to
    succeeding calendar years subject to a maximum (without giving
    effect to the following proviso) of $50&#160;million in any
    calendar year (which shall increase to $100&#160;million
    subsequent to the consummation of an underwritten public Equity
    Offering by the Issuer or any direct or indirect parent
    corporation of the Issuer)); <I>provided further </I>that such
    amount in any calendar year may be increased by an amount not to
    exceed:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the cash proceeds from the sale of Equity Interests
    (other than Disqualified Stock) of the Issuer and, to the extent
    contributed to the Issuer, Equity Interests of any of the
    Issuer&#146;s direct or indirect parent companies, in each case
    to members of management, directors or consultants of the
    Issuer, any of its Subsidiaries or any of its direct or indirect
    parent companies that occurs after the Issue Date, to the extent
    the cash proceeds from the sale of such Equity Interests have
    not otherwise been applied to the payment of Restricted Payments
    by virtue of clause&#160;(3) of the preceding paragraph;
    <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the cash proceeds of key man life insurance policies
    received by the Issuer or its Restricted Subsidiaries after the
    Issue Date; <I>less</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;the amount of any Restricted Payments previously made
    with the cash proceeds described in clauses&#160;(a) and
    (b)&#160;of this clause (4);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and <I>provided further </I>that cancellation of Indebtedness
    owing to the Issuer from members of management of the Issuer,
    any of the Issuer&#146;s direct or indirect parent companies or
    any of the Issuer&#146;s Restricted
</DIV>
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    <BR>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subsidiaries in connection with a repurchase of Equity Interests
    of the Issuer or any of its direct or indirect parent companies
    will not be deemed to constitute a Restricted Payment for
    purposes of this covenant or any other provision of the
    Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;the declaration and payment of dividends to holders of
    any class or series of Disqualified Stock of the Issuer or any
    of its Restricted Subsidiaries issued in accordance with the
    covenant described under &#147;&#151;&#160;Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock&#148; to the extent such dividends are
    included in the definition of &#147;Fixed Charges&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;(a)&#160;the declaration and payment of dividends to
    holders of any class or series of Designated Preferred Stock
    (other than Disqualified Stock) issued by the Issuer after the
    Issue Date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the declaration and payment of dividends to a direct or
    indirect parent company of the Issuer, the proceeds of which
    will be used to fund the payment of dividends to holders of any
    class or series of Designated Preferred Stock (other than
    Disqualified Stock) of such parent corporation issued after the
    Issue Date, <I>provided </I>that the amount of dividends paid
    pursuant to this clause&#160;(b) shall not exceed the aggregate
    amount of cash actually contributed to the Issuer from the sale
    of such Designated Preferred Stock;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;the declaration and payment of dividends on Refunding
    Capital Stock that is Preferred Stock in excess of the dividends
    declarable and payable thereon pursuant to clause&#160;(2) of
    this paragraph;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided</I>, <I>however</I>, in the case of each of (a),
    (b)&#160;and (c)&#160;of this clause (6), that for the most
    recently ended four full fiscal quarters for which internal
    financial statements are available immediately preceding the
    date of issuance of such Designated Preferred Stock or the
    declaration of such dividends on Refunding Capital Stock that is
    Preferred Stock, after giving effect to such issuance or
    declaration on a <I>pro forma </I>basis, the Issuer and its
    Restricted Subsidiaries on a consolidated basis would have had a
    Fixed Charge Coverage Ratio of at least 2.00 to 1.00;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;Investments in Unrestricted Subsidiaries having an
    aggregate fair market value, taken together with all other
    Investments made pursuant to this clause&#160;(7) that are at
    the time outstanding, without giving effect to the sale of an
    Unrestricted Subsidiary to the extent the proceeds of such sale
    do not consist of cash or marketable securities, not to exceed
    2% of Total Assets at the time of such Investment (with the fair
    market value of each Investment being measured at the time made
    and without giving effect to subsequent changes in value);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;repurchases of Equity Interests deemed to occur upon
    exercise of stock options or warrants if such Equity Interests
    represent a portion of the exercise price of such options or
    warrants;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;the declaration and payment of dividends on the
    Issuer&#146;s common stock (or the payment of dividends to any
    direct or indirect parent entity to fund a payment of dividends
    on such entity&#146;s common stock), following the first public
    offering of the Issuer&#146;s common stock or the common stock
    of any of its direct or indirect parent companies after the
    Issue Date, of up to 6% per annum of the net cash proceeds
    received by or contributed to the Issuer in or from any such
    public offering, other than public offerings with respect to the
    Issuer&#146;s common stock registered on
    <FONT style="white-space: nowrap">Form&#160;S-8</FONT>
    and other than any public sale constituting an Excluded
    Contribution;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;Restricted Payments that are made with Excluded
    Contributions;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;other Restricted Payments in an aggregate amount taken
    together with all other Restricted Payments made pursuant to
    this clause&#160;(11) not to exceed the greater of
    (x)&#160;$275&#160;million or (y)&#160;1.875% of Total Assets at
    the time made;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (12)&#160;distributions or payments of Receivables Fees;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (13)&#160;any Restricted Payment used to fund the Transaction
    and the fees and expenses related thereto or owed to Affiliates,
    in each case to the extent permitted by the covenant described
    under &#147;&#151;&#160;Transactions with Affiliates&#148;;
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (14)&#160;the repurchase, redemption or other acquisition or
    retirement for value of any Subordinated Indebtedness pursuant
    to the provisions similar to those described under the captions
    &#147;Repurchase at the Option of Holders&#160;&#151; Change of
    Control&#148; and &#147;Repurchase at the Option of
    Holders&#160;&#151; Asset Sales&#148;; <I>provided </I>that all
    Senior Notes tendered by Holders in connection with a Change of
    Control Offer or Asset Sale Offer, as applicable, have been
    repurchased, redeemed or acquired for value;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (15)&#160;the declaration and payment of dividends by the Issuer
    to, or the making of loans to, any direct or indirect parent in
    amounts required for any direct or indirect parent companies to
    pay, in each case without duplication,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;franchise taxes and other fees, taxes and expenses
    required to maintain their corporate existence;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;federal, state and local income taxes, to the extent
    such income taxes are attributable to the income of the Issuer
    and its Restricted Subsidiaries and, to the extent of the amount
    actually received from its Unrestricted Subsidiaries, in amounts
    required to pay such taxes to the extent attributable to the
    income of such Unrestricted Subsidiaries; <I>provided </I>that
    in each case the amount of such payments in any fiscal year does
    not exceed the amount that the Issuer and its Restricted
    Subsidiaries would be required to pay in respect of federal,
    state and local taxes for such fiscal year were the Issuer, its
    Restricted Subsidiaries and its Unrestricted Subsidiaries (to
    the extent described above) to pay such taxes separately from
    any such parent entity;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;customary salary, bonus and other benefits payable to
    officers and employees of any direct or indirect parent company
    of the Issuer to the extent such salaries, bonuses and other
    benefits are attributable to the ownership or operation of the
    Issuer and its Restricted Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;general corporate operating and overhead costs and
    expenses of any direct or indirect parent company of the Issuer
    to the extent such costs and expenses are attributable to the
    ownership or operation of the Issuer and its Restricted
    Subsidiaries;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;fees and expenses other than to Affiliates of the
    Issuer related to any unsuccessful equity or debt offering of
    such parent entity;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (16)&#160;the distribution, dividend or otherwise, of shares of
    Capital Stock of, or Indebtedness owed to the Issuer or a
    Restricted Subsidiary by Unrestricted Subsidiaries (other than
    Unrestricted Subsidiaries, the primary assets of which are cash
    <FONT style="white-space: nowrap">and/or</FONT> Cash
    Equivalents);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided</I>, <I>however</I>, that at the time of, and after
    giving effect to, any Restricted Payment permitted under
    clauses&#160;(11) and (16), no Default shall have occurred and
    be continuing or would occur as a consequence thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of the Issue Date, all of the Issuer&#146;s Subsidiaries were
    Restricted Subsidiaries. The Issuer will not permit any
    Unrestricted Subsidiary to become a Restricted Subsidiary except
    pursuant to the last sentence of the definition of
    &#147;Unrestricted Subsidiary.&#148; For purposes of designating
    any Restricted Subsidiary as an Unrestricted Subsidiary, all
    outstanding Investments by the Issuer and its Restricted
    Subsidiaries (except to the extent repaid) in the Subsidiary so
    designated will be deemed to be Restricted Payments in an amount
    determined as set forth in the last sentence of the definition
    of &#147;Investment.&#148; Such designation will be permitted
    only if a Restricted Payment in such amount would be permitted
    at such time, whether pursuant to the first paragraph of this
    covenant or under clause (7), (10), (11)&#160;or (16)&#160;of
    the second paragraph of this covenant, or pursuant to the
    definition of &#147;Permitted Investments,&#148; and if such
    Subsidiary otherwise meets the definition of an Unrestricted
    Subsidiary. Unrestricted Subsidiaries will not be subject to any
    of the restrictive covenants set forth in the Indenture.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Limitation
    on Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will not, and will not permit any of its Restricted
    Subsidiaries to, directly or indirectly, create, incur, issue,
    assume, guarantee or otherwise become directly or indirectly
    liable, contingently or otherwise (collectively,
    &#147;<I>incur</I>&#148; and collectively, an
    &#147;<I>incurrence</I>&#148;) with respect to any Indebtedness
    (including Acquired
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Indebtedness) and the Issuer will not issue any shares of
    Disqualified Stock and will not permit any Restricted Subsidiary
    to issue any shares of Disqualified Stock or Preferred Stock;
    <I>provided</I>, <I>however</I>, that the Issuer may incur
    Indebtedness (including Acquired Indebtedness) or issue shares
    of Disqualified Stock, and any of its Restricted Subsidiaries
    may incur Indebtedness (including Acquired Indebtedness), issue
    shares of Disqualified Stock and issue shares of Preferred
    Stock, if the Fixed Charge Coverage Ratio on a consolidated
    basis for the Issuer and its Restricted Subsidiaries&#146; most
    recently ended four fiscal quarters for which internal financial
    statements are available immediately preceding the date on which
    such additional Indebtedness is incurred or such Disqualified
    Stock or Preferred Stock is issued would have been at least 2.00
    to 1.00, determined on a <I>pro forma </I>basis (including a
    <I>pro forma </I>application of the net proceeds therefrom), as
    if the additional Indebtedness had been incurred, or the
    Disqualified Stock or Preferred Stock had been issued, as the
    case may be, and the application of proceeds therefrom had
    occurred at the beginning of such four-quarter period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The foregoing limitations will not apply to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the incurrence of Indebtedness under Credit Facilities
    by the Issuer or any of its Restricted Subsidiaries and the
    issuance and creation of letters of credit and bankers&#146;
    acceptances thereunder (with letters of credit and bankers&#146;
    acceptances being deemed to have a principal amount equal to the
    face amount thereof), up to an aggregate principal amount of
    $5,750&#160;million outstanding at any one time, less up to
    $1,000&#160;million in the aggregate of mandatory principal
    payments actually made by the borrower thereunder in respect of
    Indebtedness thereunder with Net Proceeds from an Asset Sale or
    series of related Asset Sales that constitutes the sale,
    transfer, conveyance or other disposition of all or
    substantially all of a segment (as defined under GAAP) of the
    Issuer (other than any segment predominantly composed of assets
    acquired by the Issuer or its Restricted Subsidiaries subsequent
    to the Issue Date);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the incurrence by the Issuer and any Guarantor of
    Indebtedness represented by (a)&#160;the Senior Notes (including
    any Guarantee) (other than any Additional Senior Notes) and
    (b)&#160;the Senior Subordinated Notes (including any guarantee
    thereof);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;Indebtedness of the Issuer and its Restricted
    Subsidiaries in existence on the Issue Date (other than
    Indebtedness described in clauses&#160;(1) and (2));
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;Indebtedness (including Capitalized Lease Obligations),
    Disqualified Stock and Preferred Stock incurred by the Issuer or
    any of its Restricted Subsidiaries, to finance the purchase,
    lease or improvement of property (real or personal) or equipment
    (other than software) that is used or useful in a Similar
    Business, whether through the direct purchase of assets or the
    Capital Stock of any Person owning such assets;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;Indebtedness incurred by the Issuer or any of its
    Restricted Subsidiaries constituting reimbursement obligations
    with respect to letters of credit issued in the ordinary course
    of business, including letters of credit in respect of
    workers&#146; compensation claims, or other Indebtedness with
    respect to reimbursement type obligations regarding
    workers&#146; compensation claims; <I>provided</I>,
    <I>however</I>, that upon the drawing of such letters of credit
    or the incurrence of such Indebtedness, such obligations are
    reimbursed within 30&#160;days following such drawing or
    incurrence;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;Indebtedness arising from agreements of the Issuer or
    its Restricted Subsidiaries providing for indemnification,
    adjustment of purchase price or similar obligations, in each
    case, incurred or assumed in connection with the disposition of
    any business, assets or a Subsidiary, other than guarantees of
    Indebtedness incurred by any Person acquiring all or any portion
    of such business, assets or a Subsidiary for the purpose of
    financing such acquisition; <I>provided</I>, <I>however</I>, that
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;such Indebtedness is not reflected on the balance sheet
    of the Issuer, or any of its Restricted Subsidiaries (contingent
    obligations referred to in a footnote to financial statements
    and not otherwise reflected on the balance sheet will not be
    deemed to be reflected on such balance sheet for purposes of
    this clause (6)(a));&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the maximum assumable liability in respect of all such
    Indebtedness shall at no time exceed the gross proceeds
    including non-cash proceeds (the fair market value of such
    non-cash proceeds
</DIV>
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    being measured at the time received and without giving effect to
    any subsequent changes in value) actually received by the Issuer
    and its Restricted Subsidiaries in connection with such
    disposition;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;Indebtedness of the Issuer to a Restricted Subsidiary;
    <I>provided </I>that any such Indebtedness owing to a Restricted
    Subsidiary that is not a Guarantor is expressly subordinated in
    right of payment to the Senior Notes; <I>provided further
    </I>that any subsequent issuance or transfer of any Capital
    Stock or any other event which results in any Restricted
    Subsidiary ceasing to be a Restricted Subsidiary or any other
    subsequent transfer of any such Indebtedness (except to the
    Issuer or another Restricted Subsidiary) shall be deemed, in
    each case, to be an incurrence of such Indebtedness;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;Indebtedness of a Restricted Subsidiary to the Issuer
    or another Restricted Subsidiary; <I>provided </I>that if a
    Guarantor incurs such Indebtedness to a Restricted Subsidiary
    that is not a Guarantor, such Indebtedness is expressly
    subordinated in right of payment to the Guarantee of the Senior
    Notes of such Guarantor; <I>provided further </I>that any
    subsequent transfer of any such Indebtedness (except to the
    Issuer or another Restricted Subsidiary) shall be deemed, in
    each case, to be an incurrence of such Indebtedness;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;shares of Preferred Stock of a Restricted Subsidiary
    issued to the Issuer or another Restricted Subsidiary,
    <I>provided </I>that any subsequent issuance or transfer of any
    Capital Stock or any other event which results in any such
    Restricted Subsidiary ceasing to be a Restricted Subsidiary or
    any other subsequent transfer of any such shares of Preferred
    Stock (except to the Issuer or another of its Restricted
    Subsidiaries) shall be deemed in each case to be an issuance of
    such shares of Preferred Stock;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;Hedging Obligations (excluding Hedging Obligations
    entered into for speculative purposes) for the purpose of
    limiting interest rate risk with respect to any Indebtedness
    permitted to be incurred pursuant to
    &#147;&#151;&#160;Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock,&#148;
    exchange rate risk or commodity pricing risk;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;obligations in respect of performance, bid, appeal and
    surety bonds and completion guarantees provided by the Issuer or
    any of its Restricted Subsidiaries in the ordinary course of
    business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (12)&#160;(a)&#160;Indebtedness or Disqualified Stock of the
    Issuer and Indebtedness, Disqualified Stock or Preferred Stock
    of the Issuer or any Restricted Subsidiary equal to 200% of the
    net cash proceeds received by the Issuer since immediately after
    the Issue Date from the issue or sale of Equity Interests of the
    Issuer or cash contributed to the capital of the Issuer (in each
    case, other than proceeds of Disqualified Stock or sales of
    Equity Interests to the Issuer or any of its Subsidiaries) as
    determined in accordance with clauses (3)(b) and (3)(c) of the
    first paragraph of &#147;&#151;&#160;Limitation on Restricted
    Payments&#148; to the extent such net cash proceeds or cash have
    not been applied pursuant to such clauses to make Restricted
    Payments or to make other Investments, payments or exchanges
    pursuant to the second paragraph of &#147;&#151;&#160;Limitation
    on Restricted Payments&#148; or to make Permitted Investments
    (other than Permitted Investments specified in clauses&#160;(1)
    and (3)&#160;of the definition thereof) and
    (b)&#160;Indebtedness or Disqualified Stock of Issuer and
    Indebtedness, Disqualified Stock or Preferred Stock of the
    Issuer or any Restricted Subsidiary not otherwise permitted
    hereunder in an aggregate principal amount or liquidation
    preference, which when aggregated with the principal amount and
    liquidation preference of all other Indebtedness, Disqualified
    Stock and Preferred Stock then outstanding and incurred pursuant
    to this clause (12)(b), does not at any one time outstanding
    exceed $600&#160;million (it being understood that any
    Indebtedness, Disqualified Stock or Preferred Stock incurred
    pursuant to this clause (12)(b) shall cease to be deemed
    incurred or outstanding for purposes of this clause (12)(b) but
    shall be deemed incurred for the purposes of the first paragraph
    of this covenant from and after the first date on which the
    Issuer or such Restricted Subsidiary could have incurred such
    Indebtedness, Disqualified Stock or Preferred Stock under the
    first paragraph of this covenant without reliance on this clause
    (12)(b));
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (13)&#160;the incurrence by the Issuer or any Restricted
    Subsidiary, of the Issuer of Indebtedness, Disqualified Stock or
    Preferred Stock which serves to refund or refinance any
    Indebtedness, Disqualified Stock or Preferred Stock incurred as
    permitted under the first paragraph of this covenant and clauses
    (2), (3)&#160;and (12)(a) above, this clause&#160;(13) and
    clause&#160;(14) below or any Indebtedness, Disqualified Stock
    or Preferred Stock issued to so refund or refinance such
    Indebtedness, Disqualified Stock or Preferred Stock
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    including additional Indebtedness, Disqualified Stock or
    Preferred Stock incurred to pay premiums (including reasonable
    tender premiums), defeasance costs and fees in connection
    therewith (the &#147;<I>Refinancing Indebtedness</I>&#148;)
    prior to its respective maturity; <I>provided</I>,
    <I>however</I>, that such Refinancing Indebtedness:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;has a Weighted Average Life to Maturity at the time
    such Refinancing Indebtedness is incurred which is not less than
    the remaining Weighted Average Life to Maturity of the
    Indebtedness, Disqualified Stock or Preferred Stock being
    refunded or refinanced,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;to the extent such Refinancing Indebtedness refinances
    (i)&#160;Indebtedness subordinated or <I>pari passu </I>to the
    Senior Notes or any Guarantee thereof, such Refinancing
    Indebtedness is subordinated or <I>pari passu </I>to the Senior
    Notes or the Guarantee at least to the same extent as the
    Indebtedness being refinanced or refunded or
    (ii)&#160;Disqualified Stock or Preferred Stock, such
    Refinancing Indebtedness must be Disqualified Stock or Preferred
    Stock, respectively,&#160;and
</DIV>

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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;shall not include:
</DIV>

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<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;Indebtedness, Disqualified Stock or Preferred Stock of
    a Subsidiary of the Issuer that is not a Guarantor that
    refinances Indebtedness, Disqualified Stock or Preferred Stock
    of the Issuer;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;Indebtedness, Disqualified Stock or Preferred Stock of
    a Subsidiary of the Issuer, that is not a Guarantor that
    refinances Indebtedness, Disqualified Stock or Preferred Stock
    of a Guarantor;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iii)&#160;Indebtedness, Disqualified Stock or Preferred Stock
    of the Issuer or a Restricted Subsidiary that refinances
    Indebtedness, Disqualified Stock or Preferred Stock of an
    Unrestricted Subsidiary;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and <I>provided further </I>that subclause&#160;(a) of this
    clause&#160;(13) will not apply to any refunding or refinancing
    of any Indebtedness outstanding under a Credit Facility;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (14)&#160;Indebtedness, Disqualified Stock or Preferred Stock of
    (x)&#160;the Issuer or a Restricted Subsidiary incurred to
    finance an acquisition or (y)&#160;Persons that are acquired by
    the Issuer or any Restricted Subsidiary or merged into the
    Issuer or a Restricted Subsidiary in accordance with the terms
    of the Indenture; <I>provided </I>that either
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;such Indebtedness, Disqualified Stock or Preferred
    Stock:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;is not Secured Indebtedness and is subordinated to the
    Senior Notes on terms no less favorable to the Holders thereof
    than the subordination terms set forth in the indenture
    governing the Senior Subordinated Notes as in effect on the
    Issue Date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;is not incurred while a Default exists and no Default
    shall result therefrom;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;matures and does not require any payment of principal
    prior to the final maturity of the Senior Notes (other than in a
    manner consistent with the terms of the Indenture);&#160;and
</DIV>

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<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;in the case of clause (y), is not incurred in
    contemplation of such acquisition or merger;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;after giving effect to such acquisition or merger,
    either
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the Issuer would be permitted to incur at least $1.00
    of additional Indebtedness pursuant to the Fixed Charge Coverage
    Ratio test set forth in the first sentence of this
    covenant,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the Fixed Charge Coverage Ratio of the Issuer and the
    Restricted Subsidiaries is greater than immediately prior to
    such acquisition or merger;
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (15)&#160;Indebtedness arising from the honoring by a bank or
    other financial institution of a check, draft or similar
    instrument drawn against insufficient funds in the ordinary
    course of business, <I>provided </I>that such Indebtedness is
    extinguished within two Business Days of its incurrence;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (16)&#160;Indebtedness of the Issuer or any of its Restricted
    Subsidiaries supported by a letter of credit issued pursuant to
    the Credit Facilities, in a principal amount not in excess of
    the stated amount of such letter of credit;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (17)&#160;(a)&#160;any guarantee by the Issuer or a Restricted
    Subsidiary of Indebtedness or other obligations of any
    Restricted Subsidiary so long as the incurrence of such
    Indebtedness incurred by such Restricted Subsidiary is permitted
    under the terms of the Indenture,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;any guarantee by a Restricted Subsidiary of
    Indebtedness of the Issuer <I>provided </I>that such guarantee
    is incurred in accordance with the covenant described below
    under &#147;&#151;&#160;Limitation on Guarantees of Indebtedness
    by Restricted Subsidiaries&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (18)&#160;Indebtedness of Foreign Subsidiaries of the Issuer
    incurred not to exceed at any one time outstanding and together
    with any other Indebtedness incurred under this clause&#160;(18)
    5% of the Total Assets of the Foreign Subsidiaries (it being
    understood that any Indebtedness incurred pursuant to this
    clause&#160;(18) shall cease to be deemed incurred or
    outstanding for purposes of this clause&#160;(18) but shall be
    deemed incurred for the purposes of the first paragraph of this
    covenant from and after the first date on which the Issuer or
    such Restricted Subsidiary could have incurred such Indebtedness
    under the first paragraph of this covenant without reliance on
    this clause (18));
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (19)&#160;Indebtedness, Disqualified Stock or Preferred Stock of
    a Restricted Subsidiary incurred to finance or assumed in
    connection with an acquisition in a principal amount not to
    exceed $200&#160;million in the aggregate at any one time
    outstanding together with all other Indebtedness, Disqualified
    Stock <FONT style="white-space: nowrap">and/or</FONT>
    Preferred Stock issued under this clause (19) (it being
    understood that any Indebtedness, Disqualified Stock or
    Preferred Stock incurred pursuant to this clause&#160;(19) shall
    cease to be deemed incurred or outstanding for purposes of this
    clause&#160;(19) but shall be deemed incurred for the purposes
    of the first paragraph of this covenant from and after the first
    date on which such Restricted Subsidiary could have incurred
    such Indebtedness, Disqualified Stock or Preferred Stock under
    the first paragraph of this covenant without reliance on this
    clause (19));
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (20)&#160;Indebtedness of the Issuer or any of its Restricted
    Subsidiaries consisting of (i)&#160;the financing of insurance
    premiums or
    <FONT style="white-space: nowrap">(ii)&#160;take-or-pay</FONT>
    obligations contained in supply arrangements in each case,
    incurred in the ordinary course of business;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (21)&#160;Indebtedness consisting of Indebtedness issued by the
    Issuer or any of its Restricted Subsidiaries to current or
    former officers, directors and employees thereof, their
    respective estates, spouses or former spouses, in each case to
    finance the purchase or redemption of Equity Interests of the
    Issuer or any direct or indirect parent company of the Issuer to
    the extent described in clause&#160;(4) of the second paragraph
    under the caption &#147;&#151;&#160;Limitation on Restricted
    Payments.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of determining compliance with this covenant:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;in the event that an item of Indebtedness, Disqualified
    Stock or Preferred Stock (or any portion thereof) meets the
    criteria of more than one of the categories of permitted
    Indebtedness, Disqualified Stock or Preferred Stock described in
    clauses&#160;(1) through (21)&#160;above or is entitled to be
    incurred pursuant to the first paragraph of this covenant, the
    Issuer, in its sole discretion, will classify or reclassify such
    item of Indebtedness, Disqualified Stock or Preferred Stock (or
    any portion thereof) and will only be required to include the
    amount and type of such Indebtedness, Disqualified Stock or
    Preferred Stock in one of the above clauses; <I>provided
    </I>that all Indebtedness outstanding under the Credit
    Facilities on the Issue Date will be treated as incurred on the
    Issue Date under clause&#160;(1) of the preceding
    paragraph;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;at the time of incurrence, the Issuer will be entitled
    to divide and classify an item of Indebtedness in more than one
    of the types of Indebtedness described in the first and second
    paragraphs above.
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Accrual of interest, the accretion of accreted value and the
    payment of interest in the form of additional Indebtedness,
    Disqualified Stock or Preferred Stock will not be deemed to be
    an incurrence of Indebtedness, Disqualified Stock or Preferred
    Stock for purposes of this covenant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of determining compliance with any
    U.S.&#160;dollar-denominated restriction on the incurrence of
    Indebtedness, the U.S.&#160;dollar-equivalent principal amount
    of Indebtedness denominated in a foreign currency shall be
    calculated based on the relevant currency exchange rate in
    effect on the date such Indebtedness was incurred, in the case
    of term debt, or first committed, in the case of revolving
    credit debt; <I>provided </I>that if such Indebtedness is
    incurred to refinance other Indebtedness denominated in a
    foreign currency, and such refinancing would cause the
    applicable U.S.&#160;dollar denominated restriction to be
    exceeded if calculated at the relevant currency exchange rate in
    effect on the date of such refinancing, such
    U.S.&#160;dollar-denominated restriction shall be deemed not to
    have been exceeded so long as the principal amount of such
    refinancing Indebtedness does not exceed the principal amount of
    such Indebtedness being refinanced.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The principal amount of any Indebtedness incurred to refinance
    other Indebtedness, if incurred in a different currency from the
    Indebtedness being refinanced, shall be calculated based on the
    currency exchange rate applicable to the currencies in which
    such respective Indebtedness is denominated that is in effect on
    the date of such refinancing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture provides that the Issuer will not, and will not
    permit any Guarantor to, directly or indirectly, incur any
    Indebtedness (including Acquired Indebtedness) that is
    subordinated or junior in right of payment to any Indebtedness
    of the Issuer or such Guarantor, as the case may be, unless such
    Indebtedness is expressly subordinated in right of payment to
    the Senior Notes or such Guarantor&#146;s Guarantee to the
    extent and in the same manner as such Indebtedness is
    subordinated to other Indebtedness of the Issuer or such
    Guarantor, as the case may be.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture does not treat (1)&#160;unsecured Indebtedness as
    subordinated or junior to Secured Indebtedness merely because it
    is unsecured or (2)&#160;Senior Indebtedness as subordinated or
    junior to any other Senior Indebtedness merely because it has a
    junior priority with respect to the same collateral.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Liens</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will not, and will not permit any Guarantor to,
    directly or indirectly, create, incur, assume or suffer to exist
    any Lien (except Permitted Liens) that secures obligations under
    any Indebtedness or any related Guarantee, on any asset or
    property of the Issuer or any Guarantor, or any income or
    profits therefrom, or assign or convey any right to receive
    income therefrom, unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;in the case of Liens securing Subordinated
    Indebtedness, the Senior Notes and related Guarantees are
    secured by a Lien on such property, assets or proceeds that is
    senior in priority to such Liens;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;in all other cases, the Senior Notes or the Guarantees
    are equally and ratably secured, except that the foregoing shall
    not apply to (a)&#160;Liens securing the Senior Notes and the
    related Guarantees, (b)&#160;Liens securing Indebtedness
    permitted to be incurred under Credit Facilities, including any
    letter of credit facility relating thereto, that was permitted
    by the terms of the Indenture to be incurred pursuant to
    clause&#160;(1) of the second paragraph under
    &#147;&#151;&#160;Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock&#148; and
    (c)&#160;Liens incurred to secure Obligations in respect of any
    Indebtedness permitted to be incurred pursuant to the covenant
    described above under &#147;&#151;&#160;Limitation on Incurrence
    of Indebtedness and Issuance of Disqualified Stock and Preferred
    Stock&#148;; <I>provided </I>that, with respect to Liens
    securing Obligations permitted under this subclause (c), at the
    time of incurrence and after giving pro forma effect thereto,
    the Consolidated Secured Debt Ratio would be no greater than 4.0
    to 1.0.
</DIV>
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<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Merger,
    Consolidation or Sale of All or Substantially All
    Assets</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer may not consolidate or merge with or into or wind up
    into (whether or not the Issuer is the surviving corporation),
    or sell, assign, transfer, lease, convey or otherwise dispose of
    all or substantially all of its properties or assets, in one or
    more related transactions, to any Person unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the Issuer is the surviving corporation or the Person
    formed by or surviving any such consolidation or merger (if
    other than the Issuer) or to which such sale, assignment,
    transfer, lease, conveyance or other disposition will have been
    made is a corporation organized or existing under the laws of
    the jurisdiction of organization of the Issuer or the laws of
    the United States, any state thereof, the District of Columbia,
    or any territory thereof (such Person, as the case may be, being
    herein called the &#147;<I>Successor Company</I>&#148;);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the Successor Company, if other than the Issuer,
    expressly assumes all the obligations of the Issuer under the
    Senior Notes pursuant to supplemental indentures or other
    documents or instruments in form reasonably satisfactory to the
    Trustee;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;immediately after such transaction, no Default exists;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;immediately after giving <I>pro forma</I> effect to
    such transaction and any related financing transactions, as if
    such transactions had occurred at the beginning of the
    applicable four-quarter period,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the Successor Company would be permitted to incur at
    least $1.00 of additional Indebtedness pursuant to the Fixed
    Charge Coverage Ratio test set forth in the first sentence of
    the covenant described under &#147;&#151;&#160;Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock,&#148;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the Fixed Charge Coverage Ratio for the Successor
    Company, the Issuer and its Restricted Subsidiaries would be
    greater than such Ratio for the Issuer and its Restricted
    Subsidiaries immediately prior to such transaction;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;each Guarantor, unless it is the other party to the
    transactions described above, in which case clause&#160;(b) of
    the second succeeding paragraph shall apply, shall have by
    supplemental indenture confirmed that its Guarantee shall apply
    to such Person&#146;s obligations under the Indenture, the
    Senior Notes and the Registration Rights Agreement;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;the Issuer shall have delivered to the Trustee an
    Officer&#146;s Certificate and an Opinion of Counsel, each
    stating that such consolidation, merger or transfer and such
    supplemental indentures, if any, comply with the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Successor Company will succeed to, and be substituted for
    the Issuer, as the case may be, under the Indenture, the
    Guarantees and the Senior Notes, as applicable. Notwithstanding
    the foregoing clauses&#160;(3) and (4),
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any Restricted Subsidiary may consolidate with or merge
    into or transfer all or part of its properties and assets to the
    Issuer,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the Issuer may merge with an Affiliate of the Issuer,
    as the case may be, solely for the purpose of reincorporating
    the Issuer in a State of the United States so long as the amount
    of Indebtedness of the Issuer and its Restricted Subsidiaries is
    not increased thereby.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subject to certain limitations described in the Indenture
    governing release of a Guarantee upon the sale, disposition or
    transfer of a guarantor, no Guarantor will, and the Issuer will
    not permit any Guarantor to, consolidate or merge with or into
    or wind up into (whether or not the Issuer or Guarantor is the
    surviving corporation), or sell, assign, transfer, lease, convey
    or otherwise dispose of all or substantially all of its
    properties or assets, in one or more related transactions, to
    any Person unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;(a)&#160;such Guarantor is the surviving corporation or
    the Person formed by or surviving any such consolidation or
    merger (if other than such Guarantor) or to which such sale,
    assignment, transfer, lease, conveyance or other disposition
    will have been made is a corporation organized or existing under
    the
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    laws of the jurisdiction of organization of such Guarantor, as
    the case may be, or the laws of the United&#160;States, any
    state thereof, the District of Columbia, or any territory
    thereof (such Guarantor or such Person, as the case may be,
    being herein called the &#147;<I>Successor Person</I>&#148;);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the Successor Person, if other than such Guarantor,
    expressly assumes all the obligations of such Guarantor under
    the Indenture and such Guarantor&#146;s related Guarantee
    pursuant to supplemental indentures or other documents or
    instruments in form reasonably satisfactory to the Trustee;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;immediately after such transaction, no Default
    exists;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;the Issuer shall have delivered to the Trustee an
    Officer&#146;s Certificate and an Opinion of Counsel, each
    stating that such consolidation, merger or transfer and such
    supplemental indentures, if any, comply with the
    Indenture;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the transaction is made in compliance with the covenant
    described under &#147;Repurchase at the Option of
    Holders&#160;&#151; Asset Sales.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subject to certain limitations described in the Indenture, the
    Successor Person will succeed to, and be substituted for, such
    Guarantor under the Indenture and such Guarantor&#146;s
    Guarantee. Notwithstanding the foregoing, any Guarantor may
    merge into or transfer all or part of its properties and assets
    to another Guarantor or the Issuer.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Transactions
    with Affiliates</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will not, and will not permit any of its Restricted
    Subsidiaries to, make any payment to, or sell, lease, transfer
    or otherwise dispose of any of its properties or assets to, or
    purchase any property or assets from, or enter into or make or
    amend any transaction, contract, agreement, understanding, loan,
    advance or guarantee with, or for the benefit of, any Affiliate
    of the Issuer (each of the foregoing, an &#147;<I>Affiliate
    Transaction</I>&#148;) involving aggregate payments or
    consideration in excess of $20&#160;million, unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;such Affiliate Transaction is on terms that are not
    materially less favorable to the Issuer or its relevant
    Restricted Subsidiary than those that would have been obtained
    in a comparable transaction by the Issuer or such Restricted
    Subsidiary with an unrelated Person on an arm&#146;s-length
    basis;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the Issuer delivers to the Trustee with respect to any
    Affiliate Transaction or series of related Affiliate
    Transactions involving aggregate payments or consideration in
    excess of $50&#160;million, a resolution adopted by the majority
    of the board of directors of the Issuer approving such Affiliate
    Transaction and set forth in an Officer&#146;s Certificate
    certifying that such Affiliate Transaction complies with
    clause&#160;(1) above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The foregoing provisions will not apply to the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;transactions between or among the Issuer or any of its
    Restricted Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;Restricted Payments permitted by the provisions of the
    Indenture described above under the covenant
    &#147;&#151;&#160;Limitation on Restricted Payments&#148; and
    the definition of &#147;Permitted Investments&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;the payment of management, consulting, monitoring and
    advisory fees and related expenses to the Investors pursuant to
    the Sponsor Management Agreement in an aggregate amount in any
    fiscal year not to exceed 1% of EBITDA for such fiscal year
    (calculated, solely for the purpose of this clause (3), assuming
    (a)&#160;that such fees and related expenses had not been paid,
    when calculating Net Income, and (b)&#160;without giving effect
    to clause&#160;(h) of the definition of EBITDA) (plus any unpaid
    management, consulting, monitoring and advisory fees and related
    expenses within such amount accrued in any prior year) and the
    termination fees pursuant to the Sponsor Management Agreement
    not to exceed the amount set forth in the Sponsor Management
    Agreement as in effect on the Issue Date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;the payment of reasonable and customary fees paid to,
    and indemnities provided on behalf of, officers, directors,
    employees or consultants of Issuer, any of its direct or
    indirect parent companies or any of its Restricted Subsidiaries;
</DIV>
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    <BR>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;transactions in which the Issuer or any of its
    Restricted Subsidiaries, as the case may be, delivers to the
    Trustee a letter from an Independent Financial Advisor stating
    that such transaction is fair to the Issuer or such Restricted
    Subsidiary from a financial point of view or stating that the
    terms are not materially less favorable to the Issuer or its
    relevant Restricted Subsidiary than those that would have been
    obtained in a comparable transaction by the Issuer or such
    Restricted Subsidiary with an unrelated Person on an
    arm&#146;s-length basis;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;any agreement as in effect as of the Issue Date, or any
    amendment thereto (so long as any such amendment is not
    disadvantageous to the Holders when taken as a whole as compared
    to the applicable agreement as in effect on the Issue Date);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;the existence of, or the performance by the Issuer or
    any of its Restricted Subsidiaries of its obligations under the
    terms of, any stockholders agreement (including any registration
    rights agreement or purchase agreement related thereto) to which
    it is a party as of the Issue Date and any similar agreements
    which it may enter into thereafter; <I>provided</I>,
    <I>however</I>, that the existence of, or the performance by the
    Issuer or any of its Restricted Subsidiaries of obligations
    under any future amendment to any such existing agreement or
    under any similar agreement entered into after the Issue Date
    shall only be permitted by this clause&#160;(7) to the extent
    that the terms of any such amendment or new agreement are not
    otherwise disadvantageous to the Holders when taken as a whole;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;the Transaction and the payment of all fees and
    expenses related to the Transaction, in each case as disclosed
    in this prospectus;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;transactions with customers, clients, suppliers, or
    purchasers or sellers of goods or services, in each case in the
    ordinary course of business and otherwise in compliance with the
    terms of the Indenture which are fair to the Issuer and its
    Restricted Subsidiaries, in the reasonable determination of the
    board of directors of the Issuer or the senior management
    thereof, or are on terms at least as favorable as might
    reasonably have been obtained at such time from an unaffiliated
    party;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;the issuance of Equity Interests (other than
    Disqualified Stock) of the Issuer to any Permitted Holder or to
    any director, officer, employee or consultant;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;sales of accounts receivable, or participations
    therein, in connection with any Receivables Facility;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (12)&#160;payments by the Issuer or any of its Restricted
    Subsidiaries to any of the Investors made for any financial
    advisory, financing, underwriting or placement services or in
    respect of other investment banking activities, including,
    without limitation, in connection with acquisitions or
    divestitures which payments are approved by a majority of the
    board of directors of the Issuer in good faith;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (13)&#160;payments or loans (or cancellation of loans) to
    employees or consultants of the Issuer, any of its direct or
    indirect parent companies or any of its Restricted Subsidiaries
    and employment agreements, stock option plans and other similar
    arrangements with such employees or consultants which, in each
    case, are approved by the Issuer in good faith;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (14)&#160;investments by the Investors in securities of the
    Issuer or any of its Restricted Subsidiaries so long as
    (i)&#160;the investment is being offered generally to other
    investors on the same or more favorable terms and (ii)&#160;the
    investment constitutes less than 5% of the proposed or
    outstanding issue amount of such class of securities.
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Dividend
    and Other Payment Restrictions Affecting Restricted
    Subsidiaries</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will not, and will not permit any of its Restricted
    Subsidiaries that are not Guarantors to, directly or indirectly,
    create or otherwise cause or suffer to exist or become effective
    any consensual encumbrance or consensual restriction on the
    ability of any such Restricted Subsidiary to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;(a)&#160;pay dividends or make any other distributions
    to the Issuer or any of its Restricted Subsidiaries on its
    Capital Stock or with respect to any other interest or
    participation in, or measured by, its profits,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;pay any Indebtedness owed to the Issuer or any of its
    Restricted Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;make loans or advances to the Issuer or any of its
    Restricted Subsidiaries;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;sell, lease or transfer any of its properties or assets
    to the Issuer or any of its Restricted Subsidiaries, except (in
    each case) for such encumbrances or restrictions existing under
    or by reason of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;contractual encumbrances or restrictions in effect on
    the Issue Date, including pursuant to the Senior Credit
    Facilities and the related documentation and the indenture
    governing the Senior Subordinated Notes and the related
    documentation;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the Indenture and the Senior Notes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;purchase money obligations for property acquired in the
    ordinary course of business that impose restrictions of the
    nature discussed in clause&#160;(3) above on the property so
    acquired;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;applicable law or any applicable rule, regulation or
    order;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;any agreement or other instrument of a Person acquired
    by the Issuer or any of its Restricted Subsidiaries in existence
    at the time of such acquisition (but not created in
    contemplation thereof), which encumbrance or restriction is not
    applicable to any Person, or the properties or assets of any
    Person, other than the Person and its Subsidiaries, or the
    property or assets of the Person and its Subsidiaries, so
    acquired;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;contracts for the sale of assets, including customary
    restrictions with respect to a Subsidiary of the Issuer pursuant
    to an agreement that has been entered into for the sale or
    disposition of all or substantially all of the Capital Stock or
    assets of such Subsidiary;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;Secured Indebtedness otherwise permitted to be incurred
    pursuant to the covenants described under
    &#147;&#151;&#160;Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock&#148; and
    &#147;&#151;&#160;Liens&#148; that limit the right of the debtor
    to dispose of the assets securing such Indebtedness;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;restrictions on cash or other deposits or net worth
    imposed by customers under contracts entered into in the
    ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;other Indebtedness, Disqualified Stock or Preferred
    Stock of Foreign Subsidiaries permitted to be incurred
    subsequent to the Issue Date pursuant to the provisions of the
    covenant described under &#147;&#151;&#160;Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (j)&#160;customary provisions in joint venture agreements and
    other similar agreements relating solely to such joint venture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (k)&#160;customary provisions contained in leases or licenses of
    intellectual property and other agreements, in each case,
    entered into in the ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (l)&#160;any encumbrances or restrictions of the type referred
    to in clauses (1), (2)&#160;and (3)&#160;above imposed by any
    amendments, modifications, restatements, renewals, increases,
    supplements, refundings, replacements or refinancings of the
    contracts, instruments or obligations referred to in
    clauses&#160;(a) through (k)&#160;above; <I>provided </I>that
    such amendments, modifications, restatements, renewals,
</DIV>
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    increases, supplements, refundings, replacements or refinancings
    are, in the good faith judgment of the Issuer, no more
    restrictive with respect to such encumbrance and other
    restrictions taken as a whole than those prior to such
    amendment, modification, restatement, renewal, increase,
    supplement, refunding, replacement or refinancing;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (m)&#160;restrictions created in connection with any Receivables
    Facility that, in the good faith determination of the Issuer are
    necessary or advisable to effect such Receivables Facility.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Limitation
    on Guarantees of Indebtedness by Restricted
    Subsidiaries</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will not permit any of its Wholly-Owned Subsidiaries
    that are Restricted Subsidiaries (and non-Wholly-Owned
    Subsidiaries if such non-Wholly-Owned Subsidiaries guarantee
    other capital markets debt securities), other than a Guarantor
    or a Foreign Subsidiary, to guarantee the payment of any
    Indebtedness of the Issuer or any other Guarantor unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;such Restricted Subsidiary within 30&#160;days executes
    and delivers a supplemental indenture to the Indenture providing
    for a Guarantee by such Restricted Subsidiary, except that with
    respect to a guarantee of Indebtedness of the Issuer or any
    Guarantor:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;if the Senior Notes or such Guarantor&#146;s Guarantee
    are subordinated in right of payment to such Indebtedness, the
    Guarantee under the supplemental indenture shall be subordinated
    to such Restricted Subsidiary&#146;s guarantee with respect to
    such Indebtedness substantially to the same extent as the Senior
    Notes are subordinated to such Indebtedness;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;if such Indebtedness is by its express terms
    subordinated in right of payment to the Senior Notes or such
    Guarantor&#146;s Guarantee, any such guarantee by such
    Restricted Subsidiary with respect to such Indebtedness shall be
    subordinated in right of payment to such Guarantee substantially
    to the same extent as such Indebtedness is subordinated to the
    Senior Notes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;such Restricted Subsidiary waives and will not in any
    manner whatsoever claim or take the benefit or advantage of, any
    rights of reimbursement, indemnity or subrogation or any other
    rights against the Issuer or any other Restricted Subsidiary as
    a result of any payment by such Restricted Subsidiary under its
    Guarantee;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;such Restricted Subsidiary shall deliver to the Trustee
    an Opinion of Counsel to the effect that:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;such Guarantee has been duly executed and
    authorized;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;such Guarantee constitutes a valid, binding and
    enforceable obligation of such Restricted Subsidiary, except
    insofar as enforcement thereof may be limited by bankruptcy,
    insolvency or similar laws (including, without limitation, all
    laws relating to fraudulent transfers) and except insofar as
    enforcement thereof is subject to general principles of equity;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided </I>that this covenant shall not be applicable to
    any guarantee of any Restricted Subsidiary that existed at the
    time such Person became a Restricted Subsidiary and was not
    incurred in connection with, or in contemplation of, such Person
    becoming a Restricted Subsidiary.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Reports
    and Other Information</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding that the Issuer may not be subject to the
    reporting requirements of Section&#160;13 or 15(d) of the
    Exchange Act or otherwise report on an annual and quarterly
    basis on forms provided for such annual and quarterly reporting
    pursuant to rules and regulations promulgated by the SEC, the
    Indenture requires the Issuer to file with the SEC (and make
    available to the Trustee and Holders of the Senior Notes
    (without exhibits), without cost to any Holder, within
    15&#160;days after it files them with the SEC) from and after
    the Issue Date,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;within 90&#160;days (or any other time period then in
    effect under the rules and regulations of the Exchange Act with
    respect to the filing of a
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    by a non-accelerated filer) after the end of each
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    fiscal year, annual reports on
    <FONT style="white-space: nowrap">Form&#160;10-K,</FONT>
    or any successor or comparable form, containing the information
    required to be contained therein, or required in such successor
    or comparable form;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;within 45&#160;days after the end of each of the first
    three fiscal quarters of each fiscal year, reports on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    containing all quarterly information that would be required to
    be contained in
    <FONT style="white-space: nowrap">Form&#160;10-Q,</FONT>
    or any successor or comparable form;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;promptly from time to time after the occurrence of an
    event required to be therein reported, such other reports on
    <FONT style="white-space: nowrap">Form&#160;8-K,</FONT>
    or any successor or comparable form;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;any other information, documents and other reports
    which the Issuer would be required to file with the SEC if it
    were subject to Section&#160;13 or 15(d) of the Exchange Act;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    in each case, in a manner that complies in all material respects
    with the requirements specified in such form; <I>provided
    </I>that the Issuer shall not be so obligated to file such
    reports with the SEC if the SEC does not permit such filing, in
    which event the Issuer will make available such information to
    prospective purchasers of Senior Notes, in addition to providing
    such information to the Trustee and the Holders of the Senior
    Notes, in each case within 15&#160;days after the time the
    Issuer would be required to file such information with the SEC,
    if it were subject to Sections&#160;13 or 15(d) of the Exchange
    Act. In addition, to the extent not satisfied by the foregoing,
    the Issuer will agree that, for so long as any Senior Notes are
    outstanding, it will furnish to Holders and to securities
    analysts and prospective investors, upon their request, the
    information required to be delivered pursuant to
    Rule&#160;144A(d)(4) under the Securities Act.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the event that any direct or indirect parent company of the
    Issuer becomes a guarantor of the Senior Notes, the Indenture
    will permit the Issuer to satisfy its obligations in this
    covenant with respect to financial information relating to the
    Issuer by furnishing financial information relating to such
    parent; <I>provided </I>that the same is accompanied by
    consolidating information that explains in reasonable detail the
    differences between the information relating to such parent, on
    the one hand, and the information relating to the Issuer and its
    Restricted Subsidiaries on a standalone basis, on the other hand.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding the foregoing, such requirements shall be deemed
    satisfied prior to the commencement of the exchange offers or
    the effectiveness of the shelf registration statement by the
    filing with the SEC of the exchange offer registration statement
    or shelf registration statement, and any amendments thereto,
    with such financial information that satisfies
    <FONT style="white-space: nowrap">Regulation&#160;S-X</FONT>
    of the Securities Act.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Events of
    Default and Remedies</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture provides that each of the following is an Event of
    Default:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;default in payment when due and payable, upon
    redemption, acceleration or otherwise, of principal of, or
    premium, if any, on the Senior Notes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;default for 30&#160;days or more in the payment when
    due of interest or Additional Interest on or with respect to the
    Senior Notes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;failure by the Issuer or any Guarantor for 60&#160;days
    after receipt of written notice given by the Trustee or the
    Holders of not less 30% in principal amount of the Senior Notes
    to comply with any of its obligations, covenants or agreements
    (other than a default referred to in clauses&#160;(1) and
    (2)&#160;above) contained in the Indenture or the Senior Notes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;default under any mortgage, indenture or instrument
    under which there is issued or by which there is secured or
    evidenced any Indebtedness for money borrowed by the Issuer or
    any of its Restricted Subsidiaries or the payment of which is
    guaranteed by the Issuer or any of its Restricted Subsidiaries,
    other than Indebtedness owed to the Issuer or a Restricted
    Subsidiary, whether such Indebtedness or guarantee now exists or
    is created after the issuance of the Senior Notes, if both:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;such default either results from the failure to pay any
    principal of such Indebtedness at its stated final maturity
    (after giving effect to any applicable grace periods) or relates
    to an obligation other than the obligation to pay principal of
    any such Indebtedness at its stated final maturity and
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    results in the holder or holders of such Indebtedness causing
    such Indebtedness to become due prior to its stated
    maturity;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the principal amount of such Indebtedness, together
    with the principal amount of any other such Indebtedness in
    default for failure to pay principal at stated final maturity
    (after giving effect to any applicable grace periods), or the
    maturity of which has been so accelerated, aggregate
    $100&#160;million or more at any one time outstanding;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;failure by the Issuer or any Significant Subsidiary to
    pay final judgments aggregating in excess of $100&#160;million,
    which final judgments remain unpaid, undischarged and unstayed
    for a period of more than 60&#160;days after such judgment
    becomes final, and in the event such judgment is covered by
    insurance, an enforcement proceeding has been commenced by any
    creditor upon such judgment or decree which is not promptly
    stayed;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;certain events of bankruptcy or insolvency with respect
    to the Issuer or any Significant Subsidiary;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;the Guarantee of any Significant Subsidiary shall for
    any reason cease to be in full force and effect or be declared
    null and void or any responsible officer of any Guarantor that
    is a Significant Subsidiary, as the case may be, denies that it
    has any further liability under its Guarantee or gives notice to
    such effect, other than by reason of the termination of the
    Indenture or the release of any such Guarantee in accordance
    with the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If any Event of Default (other than of a type specified in
    clause&#160;(6) above) occurs and is continuing under the
    Indenture, the Trustee or the Holders of at least 30% in
    principal amount of the then total outstanding Senior Notes may
    declare the principal, premium, if any, interest and any other
    monetary obligations on all the then outstanding Senior Notes to
    be due and payable immediately.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the effectiveness of such declaration, such principal and
    interest will be due and payable immediately. Notwithstanding
    the foregoing, in the case of an Event of Default arising under
    clause&#160;(6) of the first paragraph of this section, all
    outstanding Senior Notes will become due and payable without
    further action or notice. The Indenture provides that the
    Trustee may withhold from the Holders notice of any continuing
    Default, except a Default relating to the payment of principal,
    premium, if any, or interest, if it determines that withholding
    notice is in their interest. In addition, the Trustee shall have
    no obligation to accelerate the Senior Notes if in the best
    judgment of the Trustee acceleration is not in the best interest
    of the Holders of the Senior Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture provides that the Holders of a majority in
    aggregate principal amount of the then outstanding Senior Notes
    by notice to the Trustee may on behalf of the Holders of all of
    the Senior Notes waive any existing Default and its consequences
    under the Indenture except a continuing Default in the payment
    of interest on, premium, if any, or the principal of any Senior
    Note held by a non-consenting Holder. In the event of any Event
    of Default specified in clause&#160;(4) above, such Event of
    Default and all consequences thereof (excluding any resulting
    payment default, other than as a result of acceleration of the
    Senior Notes) shall be annulled, waived and rescinded,
    automatically and without any action by the Trustee or the
    Holders, if within 20&#160;days after such Event of Default
    arose:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the Indebtedness or guarantee that is the basis for
    such Event of Default has been discharged;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;holders thereof have rescinded or waived the
    acceleration, notice or action (as the case may be) giving rise
    to such Event of Default;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;the default that is the basis for such Event of Default
    has been cured.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subject to the provisions of the Indenture relating to the
    duties of the Trustee thereunder, in case an Event of Default
    occurs and is continuing, the Trustee will be under no
    obligation to exercise any of the rights or powers under the
    Indenture at the request or direction of any of the Holders of
    the Senior Notes unless the Holders have offered to the Trustee
    reasonable indemnity or security against any loss, liability or
    expense.
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except to enforce the right to receive payment of principal,
    premium (if any) or interest when due, no Holder of a Senior
    Note may pursue any remedy with respect to the Indenture or the
    Senior Notes unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;such Holder has previously given the Trustee notice
    that an Event of Default is continuing;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;Holders of at least 30% in principal amount of the
    total outstanding Senior Notes have requested the Trustee to
    pursue the remedy;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;Holders of the Senior Notes have offered the Trustee
    reasonable security or indemnity against any loss, liability or
    expense;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;the Trustee has not complied with such request within
    60&#160;days after the receipt thereof and the offer of security
    or indemnity;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;Holders of a majority in principal amount of the total
    outstanding Senior Notes have not given the Trustee a direction
    inconsistent with such request within such
    <FONT style="white-space: nowrap">60-day</FONT>
    period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subject to certain restrictions, under the Indenture the Holders
    of a majority in principal amount of the total outstanding
    Senior Notes are given the right to direct the time, method and
    place of conducting any proceeding for any remedy available to
    the Trustee or of exercising any trust or power conferred on the
    Trustee. The Trustee, however, may refuse to follow any
    direction that conflicts with law or the Indenture or that the
    Trustee determines is unduly prejudicial to the rights of any
    other Holder of a Senior Note or that would involve the Trustee
    in personal liability.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture provides that the Issuer is required to deliver to
    the Trustee annually a statement regarding compliance with the
    Indenture, and the Issuer is required, within five Business
    Days, upon becoming aware of any Default, to deliver to the
    Trustee a statement specifying such Default.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">No
    Personal Liability of Directors, Officers, Employees and
    Stockholders</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No director, officer, employee, incorporator or stockholder of
    the Issuer or any Guarantor or any of their parent companies has
    any liability for any obligations of the Issuer or the
    Guarantors under the Senior Notes, the Guarantees or the
    Indenture or for any claim based on, in respect of, or by reason
    of such obligations or their creation. Each Holder by accepting
    Senior Notes waives and releases all such liability. The waiver
    and release are part of the consideration for issuance of the
    Senior Notes. Such waiver may not be effective to waive
    liabilities under the federal securities laws and it is the view
    of the SEC that such a waiver is against public policy.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Legal
    Defeasance and Covenant Defeasance</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The obligations of the Issuer and the Guarantors under the
    Indenture will terminate (other than certain obligations) and
    will be released upon payment in full of all of the Senior
    Notes. The Issuer may, at its option and at any time, elect to
    have all of its obligations discharged with respect to the
    Senior Notes and have the Issuer and each Guarantor&#146;s
    obligation discharged with respect to its Guarantee
    (&#147;<I>Legal Defeasance</I>&#148;) and cure all then existing
    Events of Default except for:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the rights of Holders of Senior Notes to receive
    payments in respect of the principal of, premium, if any, and
    interest on the Senior Notes when such payments are due solely
    out of the trust created pursuant to the Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the Issuer&#146;s obligations with respect to Senior
    Notes concerning issuing temporary Senior Notes, registration of
    such Senior Notes, mutilated, destroyed, lost or stolen Senior
    Notes and the maintenance of an office or agency for payment and
    money for security payments held in trust;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;the rights, powers, trusts, duties and immunities of
    the Trustee, and the Issuer&#146;s obligations in connection
    therewith;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;the Legal Defeasance provisions of the Indenture.
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, the Issuer may, at its option and at any time,
    elect to have its obligations and those of each Guarantor
    released with respect to certain covenants that are described in
    the Indenture (&#147;<I>Covenant Defeasance</I>&#148;) and
    thereafter any omission to comply with such obligations shall
    not constitute a Default with respect to the Senior Notes. In
    the event Covenant Defeasance occurs, certain events (not
    including bankruptcy, receivership, rehabilitation and
    insolvency events pertaining to the Issuer) described under
    &#147;Events of Default and Remedies&#148; will no longer
    constitute an Event of Default with respect to the Senior Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In order to exercise either Legal Defeasance or Covenant
    Defeasance with respect to the Senior Notes:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the Issuer must irrevocably deposit with the Trustee,
    in trust, for the benefit of the Holders of the Senior Notes,
    cash in U.S.&#160;dollars, Government Securities, or a
    combination thereof, in such amounts as will be sufficient, in
    the opinion of a nationally recognized firm of independent
    public accountants, to pay the principal of, premium, if any,
    and interest due on the Senior Notes on the stated maturity date
    or on the redemption date, as the case may be, of such
    principal, premium, if any, or interest on such Senior Notes and
    the Issuer must specify whether such Senior Notes are being
    defeased to maturity or to a particular redemption date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;in the case of Legal Defeasance, the Issuer shall have
    delivered to the Trustee an Opinion of Counsel reasonably
    acceptable to the Trustee confirming that, subject to customary
    assumptions and exclusions,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the Issuer has received from, or there has been
    published by, the United States Internal Revenue Service a
    ruling,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;since the issuance of the Senior Notes, there has been
    a change in the applicable U.S.&#160;federal income tax law,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    in either case to the effect that, and based thereon such
    Opinion of Counsel shall confirm that, subject to customary
    assumptions and exclusions, the Holders of the Senior Notes will
    not recognize income, gain or loss for U.S.&#160;federal income
    tax purposes, as applicable, as a result of such Legal
    Defeasance and will be subject to U.S.&#160;federal income tax
    on the same amounts, in the same manner and at the same times as
    would have been the case if such Legal Defeasance had not
    occurred;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;in the case of Covenant Defeasance, the Issuer shall
    have delivered to the Trustee an Opinion of Counsel reasonably
    acceptable to the Trustee confirming that, subject to customary
    assumptions and exclusions, the Holders of the Senior Notes will
    not recognize income, gain or loss for U.S.&#160;federal income
    tax purposes as a result of such Covenant Defeasance and will be
    subject to such tax on the same amounts, in the same manner and
    at the same times as would have been the case if such Covenant
    Defeasance had not occurred;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;no Default (other than that resulting from borrowing
    funds to be applied to make such deposit and the granting of
    Liens in connection therewith) shall have occurred and be
    continuing on the date of such deposit;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;such Legal Defeasance or Covenant Defeasance shall not
    result in a breach or violation of, or constitute a default
    under the Senior Credit Facilities, the Senior Subordinated
    Notes or the indenture pursuant to which the Senior Subordinated
    Notes were issued or any other material agreement or instrument
    (other than the Indenture) to which, the Issuer or any Guarantor
    is a party or by which the Issuer or any Guarantor is bound;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;the Issuer shall have delivered to the Trustee an
    Opinion of Counsel to the effect that, as of the date of such
    opinion and subject to customary assumptions and exclusions
    following the deposit, the trust funds will not be subject to
    the effect of Section&#160;547 of Title&#160;11 of the United
    States Code;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;the Issuer shall have delivered to the Trustee an
    Officer&#146;s Certificate stating that the deposit was not made
    by the Issuer with the intent of defeating, hindering, delaying
    or defrauding any creditors of the Issuer or any Guarantor or
    others;&#160;and
</DIV>
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    <BR>
    125
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;the Issuer shall have delivered to the Trustee an
    Officer&#146;s Certificate and an Opinion of Counsel (which
    Opinion of Counsel may be subject to customary assumptions and
    exclusions) each stating that all conditions precedent provided
    for or relating to the Legal Defeasance or the Covenant
    Defeasance, as the case may be, have been complied with.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Satisfaction
    and Discharge</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture will be discharged and will cease to be of further
    effect as to all Senior Notes, when either:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;all Senior Notes theretofore authenticated and
    delivered, except lost, stolen or destroyed Senior Notes which
    have been replaced or paid and Senior Notes for whose payment
    money has theretofore been deposited in trust, have been
    delivered to the Trustee for cancellation;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;(a)&#160;all Senior Notes not theretofore delivered to
    the Trustee for cancellation have become due and payable by
    reason of the making of a notice of redemption or otherwise,
    will become due and payable within one year or are to be called
    for redemption within one year under arrangements satisfactory
    to the Trustee for the giving of notice of redemption by the
    Trustee in the name, and at the expense, of the Issuer and the
    Issuer or any Guarantor have irrevocably deposited or caused to
    be deposited with the Trustee as trust funds in trust solely for
    the benefit of the Holders of the Senior Notes, cash in
    U.S.&#160;dollars, Government Securities, or a combination
    thereof, in such amounts as will be sufficient without
    consideration of any reinvestment of interest to pay and
    discharge the entire indebtedness on the Senior Notes not
    theretofore delivered to the Trustee for cancellation for
    principal, premium, if any, and accrued interest to the date of
    maturity or redemption;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;no Default (other than that resulting from borrowing
    funds to be applied to make such deposit) with respect to the
    Indenture or the Senior Notes shall have occurred and be
    continuing on the date of such deposit or shall occur as a
    result of such deposit and such deposit will not result in a
    breach or violation of, or constitute a default under the Senior
    Credit Facilities, Senior Subordinated Notes (or the indenture
    under which the Senior Subordinated Notes are issued) or any
    other material agreement or instrument (other than the
    Indenture) to which the Issuer or any Guarantor is a party or by
    which the Issuer or any Guarantor is bound;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;the Issuer has paid or caused to be paid all sums
    payable by it under the Indenture;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;the Issuer has delivered irrevocable instructions to
    the Trustee to apply the deposited money toward the payment of
    the Senior Notes at maturity or the redemption date, as the case
    may be.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, the Issuer must deliver an Officer&#146;s
    Certificate and an Opinion of Counsel to the Trustee stating
    that all conditions precedent to satisfaction and discharge have
    been satisfied.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Amendment,
    Supplement and Waiver</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except as provided in the next two succeeding paragraphs, the
    Indenture, any Guarantee and the Senior Notes may be amended or
    supplemented with the consent of the Holders of at least a
    majority in principal amount of the Senior Notes then
    outstanding, including consents obtained in connection with a
    purchase of, or tender offer or exchange offer for, Senior
    Notes, and any existing Default or compliance with any provision
    of the Indenture or the Senior Notes issued thereunder may be
    waived with the consent of the Holders of a majority in
    principal amount of the then outstanding Senior Notes, other
    than Senior Notes beneficially owned by the Issuer or its
    Affiliates (including consents obtained in connection with a
    purchase of or tender offer or exchange offer for the Senior
    Notes).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture provides that, without the consent of each
    affected Holder of Senior Notes, an amendment or waiver may not,
    with respect to any Senior Notes held by a non-consenting Holder:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;reduce the principal amount of such Senior Notes whose
    Holders must consent to an amendment, supplement or waiver;
</DIV>
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    <BR>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;reduce the principal of or change the fixed final
    maturity of any such Senior Note or alter or waive the
    provisions with respect to the redemption of such Senior Notes
    (other than provisions relating to the covenants described above
    under the caption &#147;Repurchase at the Option of
    Holders&#148;);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;reduce the rate of or change the time for payment of
    interest on any Senior Note;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;waive a Default in the payment of principal of or
    premium, if any, or interest on the Senior Notes, except a
    rescission of acceleration of the Senior Notes by the Holders of
    at least a majority in aggregate principal amount of the Senior
    Notes and a waiver of the payment default that resulted from
    such acceleration, or in respect of a covenant or provision
    contained in the Indenture or any Guarantee which cannot be
    amended or modified without the consent of all Holders;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;make any Senior Note payable in money other than that
    stated therein;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;make any change in the provisions of the Indenture
    relating to waivers of past Defaults or the rights of Holders to
    receive payments of principal of or premium, if any, or interest
    on the Senior Notes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;make any change in these amendment and waiver
    provisions;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;impair the right of any Holder to receive payment of
    principal of, or interest on such Holder&#146;s Senior Notes on
    or after the due dates therefor or to institute suit for the
    enforcement of any payment on or with respect to such
    Holder&#146;s Senior Notes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;make any change to or modify the ranking of the Senior
    Notes that would adversely affect the Holders;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;except as expressly permitted by the Indenture, modify
    the Guarantees of any Significant Subsidiary in any manner
    adverse to the Holders of the Senior Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding the foregoing, the Issuer, any Guarantor (with
    respect to a Guarantee or the Indenture to which it is a party)
    and the Trustee may amend or supplement the Indenture and any
    Guarantee or Senior Notes without the consent of any Holder;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;to cure any ambiguity, omission, mistake, defect or
    inconsistency;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;to provide for uncertificated Senior Notes of such
    series in addition to or in place of certificated Senior Notes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;to comply with the covenant relating to mergers,
    consolidations and sales of assets;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;to provide the assumption of the Issuer&#146;s or any
    Guarantor&#146;s obligations to the Holders;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;to make any change that would provide any additional
    rights or benefits to the Holders or that does not adversely
    affect the legal rights under the Indenture of any such Holder;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;to add covenants for the benefit of the Holders or to
    surrender any right or power conferred upon the Issuer or any
    Guarantor;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;to comply with requirements of the SEC in order to
    effect or maintain the qualification of the Indenture under the
    Trust Indenture Act;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;to evidence and provide for the acceptance and
    appointment under the Indenture of a successor Trustee
    thereunder pursuant to the requirements thereof;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;to provide for the issuance of exchange notes or
    private exchange notes, which are identical to exchange notes
    except that they are not freely transferable;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;to add a Guarantor under the Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;to conform the text of the Indenture, Guarantees or
    the Senior Notes to any provision of this &#147;Description of
    Senior Notes&#148; to the extent that such provision in this
    &#147;Description of Senior Notes&#148; was intended to be a
    verbatim recitation of a provision of the Indenture, Guarantee
    or Senior Notes;&#160;or
</DIV>
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    <BR>
    127
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (12)&#160;making any amendment to the provisions of the
    Indenture relating to the transfer and legending of Senior Notes
    as permitted by the Indenture, including, without limitation to
    facilitate the issuance and administration of the Senior Notes;
    <I>provided</I>, <I>however</I>, that (i)&#160;compliance with
    the Indenture as so amended would not result in Senior Notes
    being transferred in violation of the Securities Act or any
    applicable securities law and (ii)&#160;such amendment does not
    materially and adversely affect the rights of Holders to
    transfer Senior Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The consent of the Holders is not necessary under the Indenture
    to approve the particular form of any proposed amendment. It is
    sufficient if such consent approves the substance of the
    proposed amendment.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notices</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notices given by publication will be deemed given on the first
    date on which publication is made and notices given by
    first-class mail, postage prepaid, will be deemed given five
    calendar days after mailing.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Concerning
    the Trustee</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture contains certain limitations on the rights of the
    Trustee thereunder, should it become a creditor of the Issuer,
    to obtain payment of claims in certain cases, or to realize on
    certain property received in respect of any such claim as
    security or otherwise. The Trustee is permitted to engage in
    other transactions; however, if it acquires any conflicting
    interest it must eliminate such conflict within 90&#160;days,
    apply to the SEC for permission to continue or resign.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture provides that the Holders of a majority in
    principal amount of the outstanding Senior Notes have the right
    to direct the time, method and place of conducting any
    proceeding for exercising any remedy available to the Trustee,
    subject to certain exceptions. The Indenture provides that in
    case an Event of Default shall occur (which shall not be cured),
    the Trustee will be required, in the exercise of its power, to
    use the degree of care of a prudent person in the conduct of his
    own affairs. Subject to such provisions, the Trustee is under no
    obligation to exercise any of its rights or powers under the
    Indenture at the request of any Holder of the Senior Notes,
    unless such Holder shall have offered to the Trustee security
    and indemnity satisfactory to it against any loss, liability or
    expense.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Governing
    Law</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture, the Senior Notes and any Guarantee are governed
    by and construed in accordance with the laws of the State of New
    York.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Certain
    Definitions</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Set forth below are certain defined terms used in the Indenture.
    For purposes of the Indenture, unless otherwise specifically
    indicated, the term &#147;consolidated&#148; with respect to any
    Person refers to such Person consolidated with its Restricted
    Subsidiaries, and excludes from such consolidation any
    Unrestricted Subsidiary as if such Unrestricted Subsidiary were
    not an Affiliate of such Person.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Acquired Indebtedness</I>&#148; means, with respect to
    any specified Person,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;Indebtedness of any other Person existing at the time
    such other Person is merged with or into or became a Restricted
    Subsidiary of such specified Person, including Indebtedness
    incurred in connection with, or in contemplation of, such other
    Person merging with or into or becoming a Restricted Subsidiary
    of such specified Person,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;Indebtedness secured by a Lien encumbering any asset
    acquired by such specified Person.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Acquisition</I>&#148; means the transactions
    contemplated by the Transaction Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Additional Interest</I>&#148; means all additional
    interest then owing pursuant to the Registration Rights
    Agreement.
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Affiliate</I>&#148; of any specified Person means any
    other Person directly or indirectly controlling or controlled by
    or under direct or indirect common control with such specified
    Person. For purposes of this definition, &#147;control&#148;
    (including, with correlative meanings, the terms
    &#147;controlling,&#148; &#147;controlled by&#148; and
    &#147;under common control with&#148;), as used with respect to
    any Person, shall mean the possession, directly or indirectly,
    of the power to direct or cause the direction of the management
    or policies of such Person, whether through the ownership of
    voting securities, by agreement or otherwise.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Applicable Premium</I>&#148; means, with respect to any
    Senior Note on any Redemption Date, the greater of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;1.0% of the principal amount of such Senior
    Note;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the excess, if any, of (a)&#160;the present value at
    such Redemption&#160;Date of (i)&#160;the redemption price of
    such Senior Note at August&#160;15, 2009 (such redemption price
    being set forth in the table appearing above under the caption
    &#147;Optional Redemption&#148;), plus (ii)&#160;all required
    interest payments due on such Senior Note through
    August&#160;15, 2009 (excluding accrued but unpaid interest to
    the Redemption&#160;Date), computed using a discount rate equal
    to the Treasury Rate as of such Redemption&#160;Date plus
    50&#160;basis points; over (b)&#160;the principal amount of such
    Senior Note.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Asset Sale&#148; </I>means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the sale, conveyance, transfer or other disposition,
    whether in a single transaction or a series of related
    transactions, of property or assets (including by way of a Sale
    and Lease-Back Transaction) of the Issuer or any of its
    Restricted Subsidiaries (each referred to in this definition as
    a &#147;disposition&#148;);&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the issuance or sale of Equity Interests of any
    Restricted Subsidiary, whether in a single transaction or a
    series of related transactions;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    in each case, other than:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;any disposition of Cash Equivalents or Investment Grade
    Securities or obsolete or worn out equipment in the ordinary
    course of business or any disposition of inventory or goods (or
    other assets) held for sale in the ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the disposition of all or substantially all of the
    assets of the Issuer in a manner permitted pursuant to the
    provisions described above under &#147;Certain
    Covenants&#160;&#151; Merger, Consolidation or Sale of All or
    Substantially All Assets&#148; or any disposition that
    constitutes a Change of Control pursuant to the Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;the making of any Restricted Payment or Permitted
    Investment that is permitted to be made, and is made, under the
    covenant described above under &#147;Certain
    Covenants&#160;&#151; Limitation on Restricted Payments&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;any disposition of assets or issuance or sale of Equity
    Interests of any Restricted Subsidiary in any transaction or
    series of transactions with an aggregate fair market value of
    less than $50&#160;million;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;any disposition of property or assets or issuance of
    securities by a Restricted Subsidiary of the Issuer to the
    Issuer or by the Issuer or a Restricted Subsidiary of the Issuer
    to another Restricted Subsidiary of the Issuer;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;to the extent allowable under Section&#160;1031 of the
    Internal Revenue Code of 1986, any exchange of like property
    (excluding any boot thereon) for use in a Similar Business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;the lease, assignment or
    <FONT style="white-space: nowrap">sub-lease</FONT> of
    any real or personal property in the ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;any issuance or sale of Equity Interests in, or
    Indebtedness or other securities of, an Unrestricted Subsidiary;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;foreclosures on assets;
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (j)&#160;sales of accounts receivable, or participations
    therein, in connection with any Receivables Facility;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (k)&#160;any financing transaction with respect to property
    built or acquired by the Issuer or any Restricted Subsidiary
    after the Issue Date, including Sale and Lease-Back Transactions
    and asset securitizations permitted by the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Business Day</I>&#148; means each day which is not a
    Legal Holiday.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Capital Stock&#148; </I>means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;in the case of a corporation, corporate stock;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;in the case of an association or business entity, any
    and all shares, interests, participations, rights or other
    equivalents (however designated) of corporate stock;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;in the case of a partnership or limited liability
    company, partnership or membership interests (whether general or
    limited);&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;any other interest or participation that confers on a
    Person the right to receive a share of the profits and losses
    of, or distributions of assets of, the issuing Person.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Capitalized Lease Obligation</I>&#148; means, at the
    time any determination thereof is to be made, the amount of the
    liability in respect of a capital lease that would at such time
    be required to be capitalized and reflected as a liability on a
    balance sheet (excluding the footnotes thereto) in accordance
    with GAAP.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Capitalized Software Expenditures</I>&#148; shall mean,
    for any period, the aggregate of all expenditures (whether paid
    in cash or accrued as liabilities) by a Person and its
    Restricted Subsidiaries during such period in respect of
    purchased software or internally developed software and software
    enhancements that, in conformity with GAAP, are or are required
    to be reflected as capitalized costs on the consolidated balance
    sheet of a Person and its Restricted Subsidiaries.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Cash Equivalents</I>&#148; means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;United States dollars;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;(a)&#160;euro, or any national currency of any
    participating member state of the EMU;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;in the case of any Foreign Subsidiary that is a
    Restricted Subsidiary, such local currencies held by them from
    time to time in the ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;securities issued or directly and fully and
    unconditionally guaranteed or insured by the
    U.S.&#160;government or any agency or instrumentality thereof
    the securities of which are unconditionally guaranteed as a full
    faith and credit obligation of such government with maturities
    of 24&#160;months or less from the date of acquisition;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;certificates of deposit, time deposits and eurodollar
    time deposits with maturities of one year or less from the date
    of acquisition, bankers&#146; acceptances with maturities not
    exceeding one year and overnight bank deposits, in each case
    with any commercial bank having capital and surplus of not less
    than $500&#160;million in the case of U.S.&#160;banks and
    $100&#160;million (or the U.S.&#160;dollar equivalent as of the
    date of determination) in the case of
    <FONT style="white-space: nowrap">non-U.S.&#160;banks;</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;repurchase obligations for underlying securities of the
    types described in clauses&#160;(3) and (4)&#160;entered into
    with any financial institution meeting the qualifications
    specified in clause&#160;(4) above;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;commercial paper rated at least
    <FONT style="white-space: nowrap">P-1</FONT> by
    Moody&#146;s or at least
    <FONT style="white-space: nowrap">A-1</FONT> by
    S&#038;P and in each case maturing within 24&#160;months after
    the date of creation thereof;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;marketable short-term money market and similar
    securities having a rating of at least
    <FONT style="white-space: nowrap">P-2</FONT> or
    <FONT style="white-space: nowrap">A-2</FONT> from
    either Moody&#146;s or S&#038;P, respectively (or, if at any
    time neither Moody&#146;s nor S&#038;P shall be rating such
    obligations, an equivalent rating from another Rating Agency)
    and in each case maturing within 24&#160;months after the date
    of creation thereof;
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;investment funds investing 95% of their assets in
    securities of the types described in clauses&#160;(1) through
    (7)&#160;above;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;readily marketable direct obligations issued by any
    state, commonwealth or territory of the United States or any
    political subdivision or taxing authority thereof having an
    Investment Grade Rating from either Moody&#146;s or S&#038;P
    with maturities of 24&#160;months or less from the date of
    acquisition;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;Indebtedness or Preferred Stock issued by Persons with
    a rating of &#147;A&#148; or higher from S&#038;P or
    &#147;A2&#148; or higher from Moody&#146;s with maturities of
    24&#160;months or less from the date of acquisition;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;Investments with average maturities of 12&#160;months
    or less from the date of acquisition in money market funds rated
    AAA- (or the equivalent thereof) or better by S&#038;P or Aaa3
    (or the equivalent thereof) or better by Moody&#146;s.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding the foregoing, Cash Equivalents shall include
    amounts denominated in currencies other than those set forth in
    clauses&#160;(1) and (2)&#160;above, <I>provided </I>that such
    amounts are converted into any currency listed in
    clauses&#160;(1) and (2)&#160;as promptly as practicable and in
    any event within ten Business Days following the receipt of such
    amounts.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Change of Control</I>&#148; means the occurrence of any
    of the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the sale, lease or transfer, in one or a series of
    related transactions, of all or substantially all of the assets
    of the Issuer and its Subsidiaries, taken as a whole, to any
    Person other than a Permitted Holder;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the Issuer becomes aware of (by way of a report or any
    other filing pursuant to Section&#160;13(d) of the Exchange Act,
    proxy, vote, written notice or otherwise) the acquisition by any
    Person or group (within the meaning of Section&#160;13(d)(3) or
    Section&#160;14(d)(2) of the Exchange Act, or any successor
    provision), including any group acting for the purpose of
    acquiring, holding or disposing of securities (within the
    meaning of
    <FONT style="white-space: nowrap">Rule&#160;13d-5(b)(1)</FONT>
    under the Exchange Act), other than the Permitted Holders, in a
    single transaction or in a related series of transactions, by
    way of merger, consolidation or other business combination or
    purchase of beneficial ownership (within the meaning of
    <FONT style="white-space: nowrap">Rule&#160;13d-3</FONT>
    under the Exchange Act, or any successor provision) of 50% or
    more of the total voting power of the Voting Stock of the Issuer
    or any of its direct or indirect parent companies holding
    directly or indirectly 100% of the total voting power of the
    Voting Stock of the Issuer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Consolidated Depreciation and Amortization
    Expense</I>&#148; means with respect to any Person for any
    period, the total amount of depreciation and amortization
    expense, including the amortization of deferred financing fees
    and Capitalized Software Expenditures of such Person and its
    Restricted Subsidiaries for such period on a consolidated basis
    and otherwise determined in accordance with GAAP.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Consolidated Interest Expense</I>&#148; means, with
    respect to any Person for any period, without duplication, the
    sum of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;consolidated interest expense of such Person and its
    Restricted Subsidiaries for such period, to the extent such
    expense was deducted (and not added back) in computing
    Consolidated Net Income (including (a)&#160;amortization of
    original issue discount resulting from the issuance of
    Indebtedness at less than par, (b)&#160;all commissions,
    discounts and other fees and charges owed with respect to
    letters of credit or bankers acceptances, (c)&#160;non-cash
    interest payments (but excluding any non-cash interest expense
    attributable to the movement in the mark to market valuation of
    Hedging Obligations or other derivative instruments pursuant to
    GAAP), (d)&#160;the interest component of Capitalized Lease
    Obligations, and (e)&#160;net payments, if any, pursuant to
    interest rate Hedging Obligations with respect to Indebtedness,
    and excluding (v)&#160;any expense resulting from the
    discounting of the Senior Secured Notes in connection with the
    application of purchase accounting in connection with the
    Transaction, (w)&#160;any Additional Interest and any
    &#147;additional interest&#148; with respect to the Senior
    Subordinated Notes, (x)&#160;amortization of deferred financing
    fees, debt issuance costs, commissions, fees and expenses,
    (y)&#160;any expensing of bridge, commitment and other financing
    fees and (z)&#160;commissions, discounts, yield and other fees
    and charges (including any interest expense) related to any
    Receivables Facility); plus
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;consolidated capitalized interest of such Person and
    its Restricted Subsidiaries for such period, whether paid or
    accrued; less
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;interest income for such period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of this definition, interest on a Capitalized Lease
    Obligation shall be deemed to accrue at an interest rate
    reasonably determined by such Person to be the rate of interest
    implicit in such Capitalized Lease Obligation in accordance with
    GAAP.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Consolidated Net Income</I>&#148; means, with respect
    to any Person for any period, the aggregate of the Net Income,
    of such Person and its Restricted Subsidiaries for such period,
    on a consolidated basis, and otherwise determined in accordance
    with GAAP; <I>provided</I>, <I>however</I>, that, without
    duplication,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any after-tax effect of extraordinary, non-recurring or
    unusual gains or losses (less all fees and expenses relating
    thereto) or expenses (including relating to the Transaction to
    the extent incurred on or prior to June&#160;30, 2006),
    severance, relocation costs and curtailments or modifications to
    pension and post-retirement employee benefit plans shall be
    excluded,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the Net Income for such period shall not include the
    cumulative effect of a change in accounting principles during
    such period,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;any after-tax effect of income (loss) from disposed or
    discontinued operations and any net after-tax gains or losses on
    disposal of disposed, abandoned or discontinued operations shall
    be excluded,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;any after-tax effect of gains or losses (less all fees
    and expenses relating thereto) attributable to asset
    dispositions other than in the ordinary course of business, as
    determined in good faith by the Issuer, shall be excluded,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;the Net Income for such period of any Person that is
    not a Subsidiary, or is an Unrestricted Subsidiary, or that is
    accounted for by the equity method of accounting, shall be
    excluded; <I>provided </I>that Consolidated Net Income of the
    Issuer shall be increased by the amount of dividends or
    distributions or other payments that are actually paid in cash
    (or to the extent converted into cash) to the referent Person or
    a Restricted Subsidiary thereof in respect of such period,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;solely for the purpose of determining the amount
    available for Restricted Payments under clause (3)(a) of the
    first paragraph of &#147;Certain Covenants&#160;&#151;
    Limitation on Restricted Payments,&#148; the Net Income for such
    period of any Restricted Subsidiary (other than any Guarantor)
    shall be excluded if the declaration or payment of dividends or
    similar distributions by that Restricted Subsidiary of its Net
    Income is not at the date of determination wholly permitted
    without any prior governmental approval (which has not been
    obtained) or, directly or indirectly, by the operation of the
    terms of its charter or any agreement, instrument, judgment,
    decree, order, statute, rule, or governmental regulation
    applicable to that Restricted Subsidiary or its stockholders,
    unless such restriction with respect to the payment of dividends
    or similar distributions has been legally waived, <I>provided
    </I>that Consolidated Net Income of the Issuer will be increased
    by the amount of dividends or other distributions or other
    payments actually paid in cash (or to the extent converted into
    cash) to the Issuer or a Restricted Subsidiary thereof in
    respect of such period, to the extent not already included
    therein,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;effects of adjustments (including the effects of such
    adjustments pushed down to the Issuer and its Restricted
    Subsidiaries) in the property and equipment, software and other
    intangible assets, deferred revenue and debt line items in such
    Person&#146;s consolidated financial statements pursuant to GAAP
    resulting from the application of purchase accounting in
    relation to the Transaction or any consummated acquisition or
    the amortization or write-off of any amounts thereof, net of
    taxes, shall be excluded,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;any after-tax effect of income (loss) from the early
    extinguishment of Indebtedness or Hedging Obligations or other
    derivative instruments shall be excluded,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;any impairment charge or asset write-off, in each case,
    pursuant to GAAP and the amortization of intangibles arising
    pursuant to GAAP shall be excluded,
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;any non-cash compensation expense recorded from grants
    of stock appreciation or similar rights, stock options,
    restricted stock or other rights shall be excluded,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;any fees and expenses incurred during such period, or
    any amortization thereof for such period, in connection with any
    acquisition, Investment, Asset Sale, issuance or repayment of
    Indebtedness, issuance of Equity Interests, refinancing
    transaction or amendment or modification of any debt instrument
    (in each case, including any such transaction consummated prior
    to the Issue Date and any such transaction undertaken but not
    completed) and any charges or non-recurring merger costs
    incurred during such period as a result of any such transaction
    shall be excluded,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (12)&#160;accruals and reserves that are established within
    twelve months after the Issue Date that are so required to be
    established as a result of the Transaction in accordance with
    GAAP shall be excluded.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding the foregoing, for the purpose of the covenant
    described under &#147;Certain Covenants&#160;&#151; Limitation
    on Restricted Payments&#148; only (other than clause (3)(d)
    thereof), there shall be excluded from Consolidated Net Income
    any income arising from any sale or other disposition of
    Restricted Investments made by the Issuer and its Restricted
    Subsidiaries, any repurchases and redemptions of Restricted
    Investments from the Issuer and its Restricted Subsidiaries, any
    repayments of loans and advances which constitute Restricted
    Investments by the Issuer or any of its Restricted Subsidiaries,
    any sale of the stock of an Unrestricted Subsidiary or any
    distribution or dividend from an Unrestricted Subsidiary, in
    each case only to the extent such amounts increase the amount of
    Restricted Payments permitted under such covenant pursuant to
    clause (3)(d) thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Consolidated Secured Debt Ratio</I>&#148; as of any
    date of determination means, the ratio of (1)&#160;Consolidated
    Total Indebtedness of the Issuer and its Restricted Subsidiaries
    that is secured by Liens as of the end of the most recent fiscal
    period for which internal financial statements are available
    immediately preceding the date on which such event for which
    such calculation is being made shall occur to (2)&#160;the
    Issuer&#146;s EBITDA for the most recently ended four full
    fiscal quarters for which internal financial statements are
    available immediately preceding the date on which such event for
    which such calculation is being made shall occur, in each case
    with such <I>pro forma </I>adjustments to Consolidated Total
    Indebtedness and EBITDA as are appropriate and consistent with
    the <I>pro forma </I>adjustment provisions set forth in the
    definition of Fixed Charge Coverage Ratio.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Consolidated Total Indebtedness</I>&#148; means, as at
    any date of determination, an amount equal to the sum of
    (1)&#160;the aggregate amount of all outstanding Indebtedness of
    the Issuer and its Restricted Subsidiaries on a consolidated
    basis consisting of Indebtedness for borrowed money, Obligations
    in respect of Capitalized Lease Obligations and debt obligations
    evidenced by promissory notes and similar instruments (and
    excluding, for the avoidance of doubt, all obligations relating
    to Receivables Facilities) and (2)&#160;the aggregate amount of
    all outstanding Disqualified Stock of the Issuer and all
    Preferred Stock of its Restricted Subsidiaries on a consolidated
    basis, with the amount of such Disqualified Stock and Preferred
    Stock equal to the greater of their respective voluntary or
    involuntary liquidation preferences and maximum fixed repurchase
    prices, in each case determined on a consolidated basis in
    accordance with GAAP. For purposes hereof, the &#147;maximum
    fixed repurchase price&#148; of any Disqualified Stock or
    Preferred Stock that does not have a fixed repurchase price
    shall be calculated in accordance with the terms of such
    Disqualified Stock or Preferred Stock as if such Disqualified
    Stock or Preferred Stock were purchased on any date on which
    Consolidated Total Indebtedness shall be required to be
    determined pursuant to the Indenture, and if such price is based
    upon, or measured by, the fair market value of such Disqualified
    Stock or Preferred Stock, such fair market value shall be
    determined reasonably and in good faith by the Issuer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Contingent Obligations</I>&#148; means, with respect to
    any Person, any obligation of such Person guaranteeing any
    leases, dividends or other obligations that do not constitute
    Indebtedness (&#147;<I>primary obligations</I>&#148;) of any
    other Person (the &#147;<I>primary obligor</I>&#148;) in any
    manner, whether directly or indirectly, including, without
    limitation, any obligation of such Person, whether or not
    contingent,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;to purchase any such primary obligation or any property
    constituting direct or indirect security therefor,
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;to advance or supply funds
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;for the purchase or payment of any such primary
    obligation,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;to maintain working capital or equity capital of the
    primary obligor or otherwise to maintain the net worth or
    solvency of the primary obligor,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;to purchase property, securities or services primarily
    for the purpose of assuring the owner of any such primary
    obligation of the ability of the primary obligor to make payment
    of such primary obligation against loss in respect thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Credit Facilities</I>&#148; means, with respect to the
    Issuer or any of its Restricted Subsidiaries, one or more debt
    facilities, including the Senior Credit Facilities, or other
    financing arrangements (including, without limitation,
    commercial paper facilities or indentures) providing for
    revolving credit loans, term loans, letters of credit or other
    long-term indebtedness, including any notes, mortgages,
    guarantees, collateral documents, instruments and agreements
    executed in connection therewith, and any amendments,
    supplements, modifications, extensions, renewals, restatements
    or refundings thereof and any indentures or credit facilities or
    commercial paper facilities that replace, refund or refinance
    any part of the loans, notes, other credit facilities or
    commitments thereunder, including any such replacement,
    refunding or refinancing facility or indenture that increases
    the amount permitted to be borrowed thereunder or alters the
    maturity thereof (<I>provided</I> that such increase in
    borrowings is permitted under &#147;Certain
    Covenants&#160;&#151; Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock&#148;) or
    adds Restricted Subsidiaries as additional borrowers or
    guarantors thereunder and whether by the same or any other
    agent, lender or group of lenders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Default</I>&#148; means any event that is, or with the
    passage of time or the giving of notice or both would be, an
    Event of Default.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Designated Non-cash Consideration</I>&#148; means the
    fair market value of non-cash consideration received by the
    Issuer or a Restricted Subsidiary in connection with an Asset
    Sale that is so designated as Designated Non-cash Consideration
    pursuant to an Officer&#146;s Certificate, setting forth the
    basis of such valuation, executed by the principal financial
    officer of the Issuer, less the amount of cash or Cash
    Equivalents received in connection with a subsequent sale of or
    collection on such Designated Non-cash Consideration.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Designated Preferred Stock</I>&#148; means Preferred
    Stock of the Issuer or any parent corporation thereof (in each
    case other than Disqualified Stock) that is issued for cash
    (other than to a Restricted Subsidiary or an employee stock
    ownership plan or trust established by the Issuer or any of its
    Subsidiaries) and is so designated as Designated Preferred
    Stock, pursuant to an Officer&#146;s Certificate executed by the
    principal financial officer of the Issuer or the applicable
    parent corporation thereof, as the case may be, on the issuance
    date thereof, the cash proceeds of which are excluded from the
    calculation set forth in clause&#160;(3) of the first paragraph
    of the &#147;Certain Covenants&#160;&#151; Limitation on
    Restricted Payments&#148; covenant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Disqualified Stock</I>&#148; means, with respect to any
    Person, any Capital Stock of such Person which, by its terms, or
    by the terms of any security into which it is convertible or for
    which it is putable or exchangeable, or upon the happening of
    any event, matures or is mandatorily redeemable (other than
    solely as a result of a change of control or asset sale)
    pursuant to a sinking fund obligation or otherwise, or is
    redeemable at the option of the holder thereof (other than
    solely as a result of a change of control or asset sale), in
    whole or in part, in each case prior to the date 91&#160;days
    after the earlier of the maturity date of the Senior Notes or
    the date the Senior Notes are no longer outstanding;
    <I>provided</I>, <I>however</I>, that if such Capital Stock is
    issued to any plan for the benefit of employees of the Issuer or
    its Subsidiaries or by any such plan to such employees, such
    Capital Stock shall not constitute Disqualified Stock solely
    because it may be required to be repurchased by the Issuer or
    its Subsidiaries in order to satisfy applicable statutory or
    regulatory obligations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>EBITDA</I>&#148; means, with respect to any Person for
    any period, the Consolidated Net Income of such Person for such
    period
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;increased (without duplication) by:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;provision for taxes based on income or profits or
    capital, including, without limitation, state, franchise and
    similar taxes (such as the Pennsylvania capital tax) and foreign
    withholding taxes of such Person paid or accrued during such
    period deducted (and not added back) in computing Consolidated
    Net Income; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Fixed Charges of such Person for such period (including
    (x)&#160;net losses or Hedging Obligations or other derivative
    instruments entered into for the purpose of hedging interest
    rate risk and (y)&#160;costs of surety bonds in connection with
    financing activities, in each case, to the extent included in
    Fixed Charges) to the extent the same was deducted (and not
    added back) in calculating such Consolidated Net Income;
    <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;Consolidated Depreciation and Amortization Expense of
    such Person for such period to the extent the same were deducted
    (and not added back) in computing Consolidated Net Income;
    <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;any expenses or charges (other than depreciation or
    amortization expense) related to any Equity Offering, Permitted
    Investment, acquisition, disposition, recapitalization or the
    incurrence of Indebtedness permitted to be incurred by the
    Indenture (including a refinancing thereof) (whether or not
    successful), including (i)&#160;such fees, expenses or charges
    related to the offering of the Senior Notes and the Credit
    Facilities and (ii)&#160;any amendment or other modification of
    the Senior Notes, and, in each case, deducted (and not added
    back) in computing Consolidated Net Income; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;the amount of any restructuring charge or reserve
    deducted (and not added back) in such period in computing
    Consolidated Net Income, including any one-time costs incurred
    in connection with acquisitions after the Issue Date and costs
    related to the closure
    <FONT style="white-space: nowrap">and/or</FONT>
    consolidation of facilities; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;any other non-cash charges, including any write offs or
    write downs, reducing Consolidated Net Income for such period
    (<I>provided </I>that if any such non-cash charges represent an
    accrual or reserve for potential cash items in any future
    period, the cash payment in respect thereof in such future
    period shall be subtracted from EBITDA to such extent, and
    excluding amortization of a prepaid cash item that was paid in a
    prior period); <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;the amount of any minority interest expense consisting
    of Subsidiary income attributable to minority equity interests
    of third parties in any non-Wholly Owned Subsidiary deducted
    (and not added back) in such period in calculating Consolidated
    Net Income; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;the amount of management, monitoring, consulting and
    advisory fees and related expenses paid in such period to the
    Investors to the extent otherwise permitted under &#147;Certain
    Covenants&#160;&#151; Transactions with Affiliates&#148;;
    <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;the amount of net cost savings projected by the Issuer
    in good faith to be realized as a result of specified actions
    taken during such period (calculated on a <I>pro forma </I>basis
    as though such cost savings had been realized on the first day
    of such period), net of the amount of actual benefits realized
    during such period from such actions; <I>provided </I>that
    (x)&#160;such cost savings are reasonably identifiable and
    factually supportable, (y)&#160;such actions are taken within
    36&#160;months after the Issue Date and (z)&#160;the aggregate
    amount of cost savings added pursuant to this clause&#160;(i)
    shall not exceed $100&#160;million for any four consecutive
    quarter period (which adjustments may be incremental to <I>pro
    forma </I>adjustments made pursuant to the second paragraph of
    the definition of &#147;Fixed Charge Coverage Ratio&#148;);
    <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (j)&#160;the amount of loss on sale of receivables and related
    assets to the Receivables Subsidiary in connection with a
    Receivables Facility; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (k)&#160;any costs or expense incurred by the Issuer or a
    Restricted Subsidiary pursuant to any management equity plan or
    stock option plan or any other management or employee benefit
    plan or agreement or any stock subscription or shareholder
    agreement, to the extent that such cost or
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    expenses are funded with cash proceeds contributed to the
    capital of the Issuer or net cash proceeds of an issuance of
    Equity Interest of the Issuer (other than Disqualified Stock)
    solely to the extent that such net cash proceeds are excluded
    from the calculation set forth in clause&#160;(3) of the first
    paragraph under &#147;Certain Covenants&#160;&#151; Limitation
    on Restricted Payments&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;decreased by (without duplication) non-cash gains
    increasing Consolidated Net Income of such Person for such
    period, excluding any non-cash gains to the extent they
    represent the reversal of an accrual or reserve for a potential
    cash item that reduced EBITDA in any prior period,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;increased or decreased by (without duplication):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;any net gain or loss resulting in such period from
    Hedging Obligations and the application of Statement of
    Financial Accounting Standards No.&#160;133; <I>plus </I>or
    <I>minus</I>, as applicable,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;any net gain or loss resulting in such period from
    currency translation gains or losses related to currency
    remeasurements of Indebtedness (including any net loss or gain
    resulting from hedge agreements for currency exchange risk).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>EMU</I>&#148; means economic and monetary union as
    contemplated in the Treaty on European Union.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Equity Interests</I>&#148; means Capital Stock and all
    warrants, options or other rights to acquire Capital Stock, but
    excluding any debt security that is convertible into, or
    exchangeable for, Capital Stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Equity Offering</I>&#148; means any public or private
    sale of common stock or Preferred Stock of the Issuer or any of
    its direct or indirect parent companies (excluding Disqualified
    Stock), other than:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;public offerings with respect to the Issuer&#146;s or
    any direct or indirect parent company&#146;s common stock
    registered on
    <FONT style="white-space: nowrap">Form&#160;S-8;</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;issuances to any Subsidiary of the Issuer;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;any such public or private sale that constitutes an
    Excluded Contribution.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>euro</I>&#148; means the single currency of
    participating member states of the EMU.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Exchange Act</I>&#148; means the Securities Exchange
    Act of 1934, as amended, and the rules and regulations of the
    SEC promulgated thereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Excluded Contribution</I>&#148; means net cash
    proceeds, marketable securities or Qualified Proceeds received
    by the Issuer from
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;contributions to its common equity capital,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the sale (other than to a Subsidiary of the Issuer or
    to any management equity plan or stock option plan or any other
    management or employee benefit plan or agreement of the Issuer)
    of Capital Stock (other than Disqualified Stock and Designated
    Preferred Stock) of the Issuer,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    in each case designated as Excluded Contributions pursuant to an
    officer&#146;s certificate executed by the principal financial
    officer of the Issuer on the date such capital contributions are
    made or the date such Equity Interests are sold, as the case may
    be, which are excluded from the calculation set forth in
    clause&#160;(3) of the first paragraph under &#147;Certain
    Covenants&#160;&#151; Limitation on Restricted Payments.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Fixed Charge Coverage Ratio</I>&#148; means, with
    respect to any Person for any period, the ratio of EBITDA of
    such Person for such period to the Fixed Charges of such Person
    for such period. In the event that the Issuer or any Restricted
    Subsidiary incurs, assumes, guarantees, redeems, retires or
    extinguishes any Indebtedness (other than Indebtedness incurred
    under any revolving credit facility unless such Indebtedness has
    been permanently repaid and has not been replaced) or issues or
    redeems Disqualified Stock or Preferred Stock subsequent to the
    commencement of the period for which the Fixed Charge Coverage
    Ratio is being calculated but prior to or simultaneously with
    the event for which the calculation of the Fixed Charge Coverage
    Ratio is made (the &#147;<I>Fixed Charge Coverage Ratio
    Calculation Date</I>&#148;), then the Fixed Charge Coverage
    Ratio shall be calculated giving <I>pro forma </I>effect to such
    incurrence, assumption, guarantee, redemption, retirement or
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    extinguishment of Indebtedness, or such issuance or redemption
    of Disqualified Stock or Preferred Stock, as if the same had
    occurred at the beginning of the applicable four-quarter period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of making the computation referred to above,
    Investments, acquisitions, dispositions, mergers, consolidations
    and disposed operations (as determined in accordance with GAAP)
    that have been made by the Issuer or any of its Restricted
    Subsidiaries during the four-quarter reference period or
    subsequent to such reference period and on or prior to or
    simultaneously with the Fixed Charge Coverage Ratio Calculation
    Date shall be calculated on a <I>pro forma </I>basis assuming
    that all such Investments, acquisitions, dispositions, mergers,
    consolidations and disposed operations (and the change in any
    associated fixed charge obligations and the change in EBITDA
    resulting therefrom) had occurred on the first day of the
    four-quarter reference period. If since the beginning of such
    period any Person that subsequently became a Restricted
    Subsidiary or was merged with or into the Issuer or any of its
    Restricted Subsidiaries since the beginning of such period shall
    have made any Investment, acquisition, disposition, merger,
    consolidation or disposed operation that would have required
    adjustment pursuant to this definition, then the Fixed Charge
    Coverage Ratio shall be calculated giving <I>pro forma
    </I>effect thereto for such period as if such Investment,
    acquisition, disposition, merger, consolidation or disposed
    operation had occurred at the beginning of the applicable
    four-quarter period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of this definition, whenever <I>pro forma
    </I>effect is to be given to a transaction, the <I>pro forma
    </I>calculations shall be made in good faith by a responsible
    financial or accounting officer of the Issuer. If any
    Indebtedness bears a floating rate of interest and is being
    given <I>pro forma </I>effect, the interest on such Indebtedness
    shall be calculated as if the rate in effect on the Fixed Charge
    Coverage Ratio Calculation Date had been the applicable rate for
    the entire period (taking into account any Hedging Obligations
    applicable to such Indebtedness). Interest on a Capitalized
    Lease Obligation shall be deemed to accrue at an interest rate
    reasonably determined by a responsible financial or accounting
    officer of the Issuer to be the rate of interest implicit in
    such Capitalized Lease Obligation in accordance with GAAP. For
    purposes of making the computation referred to above, interest
    on any Indebtedness under a revolving credit facility computed
    on a <I>pro forma </I>basis shall be computed based upon the
    average daily balance of such Indebtedness during the applicable
    period except as set forth in the first paragraph of this
    definition. Interest on Indebtedness that may optionally be
    determined at an interest rate based upon a factor of a prime or
    similar rate, a eurocurrency interbank offered rate, or other
    rate, shall be deemed to have been based upon the rate actually
    chosen, or, if none, then based upon such optional rate chosen
    as the Issuer may designate.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Fixed Charges</I>&#148; means, with respect to any
    Person for any period, the sum of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;Consolidated Interest Expense of such Person for such
    period;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;all cash dividends or other distributions paid
    (excluding items eliminated in consolidation) on any series of
    Preferred Stock during such period;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;all cash dividends or other distributions paid
    (excluding items eliminated in consolidation) on any series of
    Disqualified Stock during such period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Foreign Subsidiary</I>&#148; means, with respect to any
    Person, any Restricted Subsidiary of such Person that is not
    organized or existing under the laws of the United States, any
    state thereof, the District of Columbia, or any territory
    thereof and any Restricted Subsidiary of such Foreign Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>GAAP</I>&#148; means generally accepted accounting
    principles in the United States which are in effect on the Issue
    Date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Government Securities</I>&#148; means securities that
    are:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;direct obligations of the United States of America for
    the timely payment of which its full faith and credit is
    pledged;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;obligations of a Person controlled or supervised by and
    acting as an agency or instrumentality of the United States of
    America the timely payment of which is unconditionally
    guaranteed as a full faith and credit obligation by the United
    States of America,
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    which, in either case, are not callable or redeemable at the
    option of the issuers thereof, and shall also include a
    depository receipt issued by a bank (as defined in
    Section&#160;3(a)(2) of the Securities Act), as custodian with
    respect to any such Government Securities or a specific payment
    of principal of or interest on any such Government Securities
    held by such custodian for the account of the holder of such
    depository receipt; <I>provided </I>that (except as required by
    law) such custodian is not authorized to make any deduction from
    the amount payable to the holder of such depository receipt from
    any amount received by the custodian in respect of the
    Government Securities or the specific payment of principal of or
    interest on the Government Securities evidenced by such
    depository receipt.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>guarantee</I>&#148; means a guarantee (other than by
    endorsement of negotiable instruments for collection in the
    ordinary course of business), direct or indirect, in any manner
    (including letters of credit and reimbursement agreements in
    respect thereof), of all or any part of any Indebtedness or
    other obligations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Guarantee</I>&#148; means the guarantee by any
    Guarantor of the Issuer&#146;s Obligations under the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Guarantor</I>&#148; means, each Restricted Subsidiary
    that Guarantees the Senior Notes in accordance with the terms of
    the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Hedging Obligations</I>&#148; means, with respect to
    any Person, the obligations of such Person under any interest
    rate swap agreement, interest rate cap agreement, interest rate
    collar agreement, commodity swap agreement, commodity cap
    agreement, commodity collar agreement, foreign exchange
    contract, currency swap agreement or similar agreement providing
    for the transfer or mitigation of interest rate or currency
    risks either generally or under specific contingencies.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Holder</I>&#148; means the Person in whose name a
    Senior Note is registered on the registrar&#146;s books.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Indebtedness</I>&#148; means, with respect to any
    Person, without duplication:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any indebtedness (including principal and premium) of
    such Person, whether or not contingent:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;in respect of borrowed money;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;evidenced by bonds, notes, debentures or similar
    instruments or letters of credit or bankers&#146; acceptances
    (or, without duplication, reimbursement agreements in respect
    thereof);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;representing the balance deferred and unpaid of the
    purchase price of any property (including Capitalized Lease
    Obligations), except (i)&#160;any such balance that constitutes
    a trade payable or similar obligation to a trade creditor, in
    each case accrued in the ordinary course of business and
    (ii)&#160;any earn-out obligations until such obligation becomes
    a liability on the balance sheet of such Person in accordance
    with GAAP;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;representing any Hedging Obligations;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    if and to the extent that any of the foregoing Indebtedness
    (other than letters of credit and Hedging Obligations) would
    appear as a liability upon a balance sheet (excluding the
    footnotes thereto) of such Person prepared in accordance with
    GAAP;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;to the extent not otherwise included, any obligation by
    such Person to be liable for, or to pay, as obligor, guarantor
    or otherwise, on the obligations of the type referred to in
    clause&#160;(1) of a third Person (whether or not such items
    would appear upon the balance sheet of the such obligor or
    guarantor), other than by endorsement of negotiable instruments
    for collection in the ordinary course of business;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;to the extent not otherwise included, the obligations
    of the type referred to in clause&#160;(1) of a third Person
    secured by a Lien on any asset owned by such first Person,
    whether or not such Indebtedness is assumed by such first Person;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided</I>, <I>however</I>, that notwithstanding the
    foregoing, Indebtedness shall be deemed not to include
    (a)&#160;Contingent Obligations incurred in the ordinary course
    of business or (b)&#160;obligations under or in respect of
    Receivables Facilities.
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Independent Financial Advisor</I>&#148; means an
    accounting, appraisal, investment banking firm or consultant to
    Persons engaged in Similar Businesses of nationally recognized
    standing that is, in the good faith judgment of the Issuer,
    qualified to perform the task for which it has been engaged.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Initial Purchasers</I>&#148; means Deutsche Bank
    Securities Inc., Citigroup Global Markets Inc., J.P.&#160;Morgan
    Securities Inc., Goldman, Sachs&#160;&#038; Co., Morgan
    Stanley&#160;&#038; Co. Incorporated, Banc of America Securities
    LLC, RBC Capital Markets Corporation and BNY Capital Markets,
    Inc.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Investment Grade Rating</I>&#148; means a rating equal
    to or higher than Baa3 (or the equivalent) by Moody&#146;s and
    BBB- (or the equivalent) by S&#038;P, or an equivalent rating by
    any other Rating Agency.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Investment Grade Securities&#148; </I>means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;securities issued or directly and fully guaranteed or
    insured by the United States government or any agency or
    instrumentality thereof (other than Cash Equivalents);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;debt securities or debt instruments with an Investment
    Grade Rating, but excluding any debt securities or instruments
    constituting loans or advances among the Issuer and its
    Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;investments in any fund that invests exclusively in
    investments of the type described in clauses&#160;(1) and
    (2)&#160;which fund may also hold immaterial amounts of cash
    pending investment or distribution;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;corresponding instruments in countries other than the
    United States customarily utilized for high quality investments.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Investments</I>&#148; means, with respect to any
    Person, all investments by such Person in other Persons
    (including Affiliates) in the form of loans (including
    guarantees), advances or capital contributions (excluding
    accounts receivable, trade credit, advances to customers,
    commission, travel and similar advances to officers and
    employees, in each case made in the ordinary course of
    business), purchases or other acquisitions for consideration of
    Indebtedness, Equity Interests or other securities issued by any
    other Person and investments that are required by GAAP to be
    classified on the balance sheet (excluding the footnotes) of the
    Issuer in the same manner as the other investments included in
    this definition to the extent such transactions involve the
    transfer of cash or other property. For purposes of the
    definition of &#147;Unrestricted Subsidiary&#148; and the
    covenant described under &#147;Certain Covenants&#160;&#151;
    Limitation on Restricted Payments&#148;:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;&#147;Investments&#148; shall include the portion
    (proportionate to the Issuer&#146;s equity interest in such
    Subsidiary) of the fair market value of the net assets of a
    Subsidiary of the Issuer at the time that such Subsidiary is
    designated an Unrestricted Subsidiary; <I>provided</I>,
    <I>however</I>, that upon a redesignation of such Subsidiary as
    a Restricted Subsidiary, the Issuer shall be deemed to continue
    to have a permanent &#147;Investment&#148; in an Unrestricted
    Subsidiary in an amount (if positive) equal to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the Issuer &#147;Investment&#148; in such Subsidiary at
    the time of such redesignation; less
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the portion (proportionate to the Issuer equity
    interest in such Subsidiary) of the fair market value of the net
    assets of such Subsidiary at the time of such
    redesignation;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;any property transferred to or from an Unrestricted
    Subsidiary shall be valued at its fair market value at the time
    of such transfer, in each case as determined in good faith by
    the Issuer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Investors</I>&#148; means Silver Lake Partners, Bain
    Capital Partners, The Blackstone Group, Goldman Sachs Capital
    Partners, Kohlberg Kravis Roberts&#160;&#038; Co. L.P.,
    Providence Equity Partners, Inc., Texas Pacific Group and each
    of their respective Affiliates but not including, however, any
    portfolio companies of any of the foregoing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Issue Date</I>&#148; means August&#160;11, 2005.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Issuer</I>&#148; has the meaning set forth in the first
    paragraph under &#147;General&#148;; <I>provided </I>that when
    used in the context of determining the fair market value of an
    asset or liability under the Indenture, &#147;Issuer&#148; shall
    be
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    deemed to mean the board of directors of the Issuer when the
    fair market value is equal to or in excess of $250&#160;million
    (unless otherwise expressly stated).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Legal Holiday</I>&#148; means a Saturday, a Sunday or a
    day on which commercial banking institutions are not required to
    be open in the State of New York.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Lien</I>&#148; means, with respect to any asset, any
    mortgage, lien (statutory or otherwise), pledge, hypothecation,
    charge, security interest, preference, priority or encumbrance
    of any kind in respect of such asset, whether or not filed,
    recorded or otherwise perfected under applicable law, including
    any conditional sale or other title retention agreement, any
    lease in the nature thereof, any option or other agreement to
    sell or give a security interest in and any filing of or
    agreement to give any financing statement under the Uniform
    Commercial Code (or equivalent statutes) of any jurisdiction;
    <I>provided </I>that in no event shall an operating lease be
    deemed to constitute a Lien.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Moody&#146;s</I>&#148; means Moody&#146;s Investors
    Service, Inc. and any successor to its rating agency business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Net Income</I>&#148; means, with respect to any Person,
    the net income (loss) of such Person, determined in accordance
    with GAAP and before any reduction in respect of Preferred Stock
    dividends.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Net Proceeds</I>&#148; means the aggregate cash
    proceeds received by the Issuer or any of its Restricted
    Subsidiaries in respect of any Asset Sale, including any cash
    received upon the sale or other disposition of any Designated
    Non-cash Consideration received in any Asset Sale, net of the
    direct costs relating to such Asset Sale and the sale or
    disposition of such Designated Non-cash Consideration, including
    legal, accounting and investment banking fees, and brokerage and
    sales commissions, any relocation expenses incurred as a result
    thereof, taxes paid or payable as a result thereof (after taking
    into account any available tax credits or deductions and any tax
    sharing arrangements), amounts required to be applied to the
    repayment of principal, premium, if any, and interest on Senior
    Indebtedness required (other than required by clause&#160;(1) of
    the second paragraph of &#147;Repurchase at the Option of
    Holders&#160;&#151; Asset Sales&#148;) to be paid as a result of
    such transaction and any deduction of appropriate amounts to be
    provided by the Issuer or any of its Restricted Subsidiaries as
    a reserve in accordance with GAAP against any liabilities
    associated with the asset disposed of in such transaction and
    retained by the Issuer or any of its Restricted Subsidiaries
    after such sale or other disposition thereof, including pension
    and other post-employment benefit liabilities and liabilities
    related to environmental matters or against any indemnification
    obligations associated with such transaction.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Obligations</I>&#148; means any principal, interest
    (including any interest accruing subsequent to the filing of a
    petition in bankruptcy, reorganization or similar proceeding at
    the rate provided for in the documentation with respect thereto,
    whether or not such interest is an allowed claim under
    applicable state, federal or foreign law), penalties, fees,
    indemnifications, reimbursements (including reimbursement
    obligations with respect to letters of credit and banker&#146;s
    acceptances), damages and other liabilities, and guarantees of
    payment of such principal, interest, penalties, fees,
    indemnifications, reimbursements, damages and other liabilities,
    payable under the documentation governing any Indebtedness.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Officer</I>&#148; means the Chairman of the Board, the
    Chief Executive Officer, the President, any Executive Vice
    President, Senior Vice President or Vice President, the
    Treasurer or the Secretary of the Issuer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Officer&#146;s Certificate</I>&#148; means a
    certificate signed on behalf of the Issuer by an Officer of the
    Issuer, who must be the principal executive officer, the
    principal financial officer, the treasurer or the principal
    accounting officer of the Issuer, that meets the requirements
    set forth in the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Opinion of Counsel</I>&#148; means a written opinion
    from legal counsel who is acceptable to the Trustee. The counsel
    may be an employee of or counsel to the Issuer or the Trustee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Permitted Asset Swap</I>&#148; means the concurrent
    purchase and sale or exchange of Related Business Assets or a
    combination of Related Business Assets and cash or Cash
    Equivalents between the Issuer or any of its Restricted
    Subsidiaries and another Person; <I>provided</I>, that any cash
    or Cash Equivalents received must be applied in accordance with
    the &#147;Repurchase at the Option of Holders&#160;&#151; Asset
    Sales&#148; covenant.
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Permitted Holders</I>&#148; means each of the Investors
    and members of management of the Issuer (or its direct parent)
    who are holders of Equity Interests of the Issuer (or any of its
    direct or indirect parent companies) on the Issue Date and any
    group (within the meaning of Section 13(d)(3) or
    Section&#160;14(d)(2) of the Exchange Act or any successor
    provision) of which any of the foregoing are members;
    <I>provided</I>, that, in the case of such group and without
    giving effect to the existence of such group or any other group,
    such Investors and members of management, collectively, have
    beneficial ownership of more than 50% of the total voting power
    of the Voting Stock of the Issuer or any of its direct or
    indirect parent companies.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Permitted Investments&#148; </I>means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any Investment in the Issuer or any of its Restricted
    Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;any Investment in cash and Cash Equivalents or
    Investment Grade Securities;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;any Investment by the Issuer or any of its Restricted
    Subsidiaries in a Person that is engaged in a Similar Business
    if as a result of such Investment:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;such Person becomes a Restricted Subsidiary;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;such Person, in one transaction or a series of related
    transactions, is merged or consolidated with or into, or
    transfers or conveys substantially all of its assets to, or is
    liquidated into, the Issuer or a Restricted Subsidiary,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and, in each case, any Investment held by such Person;
    <I>provided, </I>that such Investment was not acquired by such
    Person in contemplation of such acquisition, merger,
    consolidation or transfer;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;any Investment in securities or other assets not
    constituting cash, Cash Equivalents or Investment Grade
    Securities and received in connection with an Asset Sale made
    pursuant to the provisions of &#147;Repurchase at the Option of
    Holders&#160;&#151; Asset Sales&#148; or any other disposition
    of assets not constituting an Asset Sale;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;any Investment existing on the Issue Date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;any Investment acquired by the Issuer or any of its
    Restricted Subsidiaries:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;in exchange for any other Investment or accounts
    receivable held by the Issuer or any such Restricted Subsidiary
    in connection with or as a result of a bankruptcy, workout,
    reorganization or recapitalization of the issuer of such other
    Investment or accounts receivable; or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;as a result of a foreclosure by the Issuer or any of
    its Restricted Subsidiaries with respect to any secured
    Investment or other transfer of title with respect to any
    secured Investment in default;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;Hedging Obligations permitted under clause&#160;(10) of
    the covenant described in &#147;Certain Covenants&#160;&#151;
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;any Investment in a Similar Business having an
    aggregate fair market value, taken together with all other
    Investments made pursuant to this clause&#160;(8) that are at
    that time outstanding, not to exceed 2.5% of Total Assets at the
    time of such Investment (with the fair market value of each
    Investment being measured at the time made and without giving
    effect to subsequent changes in value);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;Investments the payment for which consists of Equity
    Interests (exclusive of Disqualified Stock) of the Issuer, or
    any of its direct or indirect parent companies; <I>provided</I>,
    <I>however</I>, that such Equity Interests will not increase the
    amount available for Restricted Payments under clause&#160;(3)
    of the first paragraph under the covenant described in
    &#147;Certain Covenants&#160;&#151; Limitation on Restricted
    Payments&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;guarantees of Indebtedness permitted under the
    covenant described in &#147;Certain Covenants&#160;&#151;
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;any transaction to the extent it constitutes an
    Investment that is permitted and made in accordance with the
    provisions of the second paragraph of the covenant described
    under &#147;Certain
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Covenants&#160;&#151; Transactions with Affiliates&#148; (except
    transactions described in clauses (2), (5)&#160;and (9)&#160;of
    such paragraph);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (12)&#160;Investments consisting of purchases and acquisitions
    of inventory, supplies, material or equipment;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (13)&#160;additional Investments having an aggregate fair market
    value, taken together with all other Investments made pursuant
    to this clause&#160;(13) that are at that time outstanding
    (without giving effect to the sale of an Unrestricted Subsidiary
    to the extent the proceeds of such sale do not consist of cash
    or marketable securities), not to exceed 3.5% of Total Assets at
    the time of such Investment (with the fair market value of each
    Investment being measured at the time made and without giving
    effect to subsequent changes in value);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (14)&#160;Investments relating to a Receivables Subsidiary that,
    in the good faith determination of the Issuer are necessary or
    advisable to effect any Receivables Facility;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (15)&#160;advances to, or guarantees of Indebtedness of,
    employees not in excess of $15&#160;million outstanding at any
    one time, in the aggregate;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (16)&#160;loans and advances to officers, directors and
    employees for business-related travel expenses, moving expenses
    and other similar expenses, in each case incurred in the
    ordinary course of business or consistent with past practices or
    to fund such Person&#146;s purchase of Equity Interests of the
    Issuer or any direct or indirect parent company thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Permitted Liens</I>&#148; means, with respect to any
    Person:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;pledges or deposits by such Person under workmen&#146;s
    compensation laws, unemployment insurance laws or similar
    legislation, or good faith deposits in connection with bids,
    tenders, contracts (other than for the payment of Indebtedness)
    or leases to which such Person is a party, or deposits to secure
    public or statutory obligations of such Person or deposits of
    cash or U.S.&#160;government bonds to secure surety or appeal
    bonds to which such Person is a party, or deposits as security
    for contested taxes or import duties or for the payment of rent,
    in each case incurred in the ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;Liens imposed by law, such as carriers&#146;,
    warehousemen&#146;s and mechanics&#146; Liens, in each case for
    sums not yet overdue for a period of more than 30&#160;days or
    being contested in good faith by appropriate proceedings or
    other Liens arising out of judgments or awards against such
    Person with respect to which such Person shall then be
    proceeding with an appeal or other proceedings for review if
    adequate reserves with respect thereto are maintained on the
    books of such Person in accordance with GAAP;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;Liens for taxes, assessments or other governmental
    charges not yet overdue for a period of more than 30&#160;days
    or payable or subject to penalties for nonpayment or which are
    being contested in good faith by appropriate proceedings
    diligently conducted, if adequate reserves with respect thereto
    are maintained on the books of such Person in accordance with
    GAAP;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;Liens in favor of issuers of performance and surety
    bonds or bid bonds or with respect to other regulatory
    requirements or letters of credit issued pursuant to the request
    of and for the account of such Person in the ordinary course of
    its business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;minor survey exceptions, minor encumbrances, easements
    or reservations of, or rights of others for, licenses,
    <FONT style="white-space: nowrap">rights-of-way,</FONT>
    sewers, electric lines, telegraph and telephone lines and other
    similar purposes, or zoning or other restrictions as to the use
    of real properties or Liens incidental, to the conduct of the
    business of such Person or to the ownership of its properties
    which were not incurred in connection with Indebtedness and
    which do not in the aggregate materially adversely affect the
    value of said properties or materially impair their use in the
    operation of the business of such Person;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;Liens securing Indebtedness permitted to be incurred
    pursuant to clause (4), (12)(b), (18)&#160;or (19)&#160;of the
    second paragraph under &#147;Certain Covenants&#160;&#151;
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock&#148;; <I>provided
    </I>that Liens securing Indebtedness permitted to be incurred
    pursuant to clause&#160;(18) extend only to the assets of
    Foreign Subsidiaries and Liens securing
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Indebtedness permitted to be incurred pursuant to
    clause&#160;(19) are solely on acquired property or the assets
    of the acquired entity, as the case may be;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;Liens existing on the Issue Date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;Liens on property or shares of stock of a Person at the
    time such Person becomes a Subsidiary; <I>provided</I>,
    <I>however</I>, such Liens are not created or incurred in
    connection with, or in contemplation of, such other Person
    becoming such a Subsidiary; <I>provided</I>, <I>further</I>,
    <I>however</I>, that such Liens may not extend to any other
    property owned by the Issuer or any of its Restricted
    Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;Liens on property at the time the Issuer or a
    Restricted Subsidiary acquired the property, including any
    acquisition by means of a merger or consolidation with or into
    the Issuer or any of its Restricted Subsidiaries;
    <I>provided</I>, <I>however</I>, that such Liens are not created
    or incurred in connection with, or in contemplation of, such
    acquisition; <I>provided</I>, <I>further</I>, <I>however</I>,
    that the Liens may not extend to any other property owned by the
    Issuer or any of its Restricted Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;Liens securing Indebtedness or other obligations of a
    Restricted Subsidiary owing to the Issuer or another Restricted
    Subsidiary permitted to be incurred in accordance with the
    covenant described under &#147;Certain Covenants&#160;&#151;
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;Liens securing Hedging Obligations so long as related
    Indebtedness is, and is permitted to be under the Indenture,
    secured by a Lien on the same property securing such Hedging
    Obligations;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (12)&#160;Liens on specific items of inventory of other goods
    and proceeds of any Person securing such Person&#146;s
    obligations in respect of bankers&#146; acceptances issued or
    created for the account of such Person to facilitate the
    purchase, shipment or storage of such inventory or other goods;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (13)&#160;leases, subleases, licenses or sublicenses granted to
    others in the ordinary course of business which do not
    materially interfere with the ordinary conduct of the business
    of the Issuer or any of its Restricted Subsidiaries and do not
    secure any Indebtedness;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (14)&#160;Liens arising from Uniform Commercial Code financing
    statement filings regarding operating leases entered into by the
    Issuer and its Restricted Subsidiaries in the ordinary course of
    business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (15)&#160;Liens in favor of the Issuer or any Guarantor;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (16)&#160;Liens on equipment of the Issuer or any of its
    Restricted Subsidiaries granted in the ordinary course of
    business to the Issuer&#146;s clients;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (17)&#160;Liens on accounts receivable and related assets
    incurred in connection with a Receivables Facility;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (18)&#160;Liens to secure any refinancing, refunding, extension,
    renewal or replacement (or successive refinancing, refunding,
    extensions, renewals or replacements) as a whole, or in part, of
    any Indebtedness secured by any Lien referred to in the
    foregoing clauses (6), (7), (8), (9)&#160;and (27);
    <I>provided</I>, <I>however</I>, that (a)&#160;such new Lien
    shall be limited to all or part of the same property that
    secured the original Lien (plus improvements on such property),
    and (b)&#160;the Indebtedness secured by such Lien at such time
    is not increased to any amount greater than the sum of
    (i)&#160;the outstanding principal amount or, if greater,
    committed amount of the Indebtedness described under clauses
    (6), (7), (8), (9)&#160;and (27)&#160;at the time the original
    Lien became a Permitted Lien under the Indenture, and
    (ii)&#160;an amount necessary to pay any fees and expenses,
    including premiums, related to such refinancing, refunding,
    extension, renewal or replacement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (19)&#160;deposits made in the ordinary course of business to
    secure liability to insurance carriers;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (20)&#160;other Liens securing obligations incurred in the
    ordinary course of business which obligations do not exceed
    $50&#160;million at any one time outstanding;
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (21)&#160;Liens securing judgments for the payment of money not
    constituting an Event of Default under clause&#160;(5) under the
    caption &#147;Events of Default and Remedies&#148; so long as
    such Liens are adequately bonded and any appropriate legal
    proceedings that may have been duly initiated for the review of
    such judgment have not been finally terminated or the period
    within which such proceedings may be initiated has not expired;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (22)&#160;Liens in favor of customs and revenue authorities
    arising as a matter of law to secure payment of customs duties
    in connection with the importation of goods in the ordinary
    course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (23)&#160;Liens (i)&#160;of a collection bank arising under
    Section 4-210 of the Uniform Commercial Code on items in the
    course of collection, (ii)&#160;attaching to commodity trading
    accounts or other commodity brokerage accounts incurred in the
    ordinary course of business, and (iii)&#160;in favor of banking
    institutions arising as a matter of law encumbering deposits
    (including the right of set-off) and which are within the
    general parameters customary in the banking industry;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (24)&#160;Liens deemed to exist in connection with Investments
    in repurchase agreements permitted under &#147;Certain
    Covenants&#160;&#151; Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock&#148;;
    <I>provided</I> that such Liens do not extend to any assets
    other than those that are the subject of such repurchase
    agreement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (25)&#160;Liens encumbering reasonable customary initial
    deposits and margin deposits and similar Liens attaching to
    commodity trading accounts or other brokerage accounts incurred
    in the ordinary course of business and not for speculative
    purposes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (26)&#160;Liens that are contractual rights of set-off
    (i)&#160;relating to the establishment of depository relations
    with banks not given in connection with the issuance of
    Indebtedness, (ii)&#160;relating to pooled deposit or sweep
    accounts of the Issuer or any of its Restricted Subsidiaries to
    permit satisfaction of overdraft or similar obligations incurred
    in the ordinary course of business of the Issuer and its
    Restricted Subsidiaries or (iii)&#160;relating to purchase
    orders and other agreements entered into with customers of the
    Issuer or any of its Restricted Subsidiaries in the ordinary
    course of business;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (27)&#160;Liens to secure the Senior Secured Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of this definition, the term
    &#147;Indebtedness&#148; shall be deemed to include interest on
    such Indebtedness.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Person</I>&#148; means any individual, corporation,
    limited liability company, partnership, joint venture,
    association, joint stock company, trust, unincorporated
    organization, government or any agency or political subdivision
    thereof or any other entity.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Preferred Stock</I>&#148; means any Equity Interest
    with preferential rights of payment of dividends or upon
    liquidation, dissolution, or winding up.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Qualified Proceeds</I>&#148; means assets that are used
    or useful in, or Capital Stock of any Person engaged in, a
    Similar Business; <I>provided </I>that the fair market value of
    any such assets or Capital Stock shall be determined by the
    Issuer in good faith.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Rating Agencies</I>&#148; means Moody&#146;s and
    S&#038;P or if Moody&#146;s or S&#038;P or both shall not make a
    rating on the Senior Notes publicly available, a nationally
    recognized statistical rating agency or agencies, as the case
    may be, selected by the Issuer which shall be substituted for
    Moody&#146;s or S&#038;P or both, as the case may be.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Receivables Facility</I>&#148; means any of one or more
    receivables financing facilities as amended, supplemented,
    modified, extended, renewed, restated or refunded from time to
    time, the Obligations of which are non-recourse (except for
    customary representations, warranties, covenants and indemnities
    made in connection with such facilities) to the Issuer or any of
    its Restricted Subsidiaries (other than a Receivables
    Subsidiary) pursuant to which the Issuer or any of its
    Restricted Subsidiaries sells its accounts receivable to either
    (a)&#160;a Person that is not a Restricted Subsidiary or
    (b)&#160;a Receivables Subsidiary that in turn sells its
    accounts receivable to a Person that is not a Restricted
    Subsidiary.
</DIV>
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    <BR>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Receivables Fees</I>&#148; means distributions or
    payments made directly or by means of discounts with respect to
    any accounts receivable or participation interest therein issued
    or sold in connection with, and other fees paid to a Person that
    is not a Restricted Subsidiary in connection with, any
    Receivables Facility.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Receivables Subsidiary</I>&#148; means any Subsidiary
    formed for the purpose of, and that solely engages only in one
    or more Receivables Facilities and other activities reasonably
    related thereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Registration Rights Agreement</I>&#148; means the
    Registration Rights Agreement related to the Senior Notes dated
    as of the Issue Date, among Solar Capital Corp., SunGard, the
    Guarantors and the Initial Purchasers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Related Business Assets</I>&#148; means assets (other
    than cash or Cash Equivalents) used or useful in a Similar
    Business, <I>provided </I>that any assets received by the Issuer
    or a Restricted Subsidiary in exchange for assets transferred by
    the Issuer or a Restricted Subsidiary shall not be deemed to be
    Related Business Assets if they consist of securities of a
    Person, unless upon receipt of the securities of such Person,
    such Person would become a Restricted Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Restricted Investment</I>&#148; means an Investment
    other than a Permitted Investment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Restricted Subsidiary</I>&#148; means, at any time, any
    direct or indirect Subsidiary of the Issuer (including any
    Foreign Subsidiary) that is not then an Unrestricted Subsidiary;
    <I>provided</I>, <I>however</I>, that upon the occurrence of an
    Unrestricted Subsidiary ceasing to be an Unrestricted
    Subsidiary, such Subsidiary shall be included in the definition
    of &#147;Restricted Subsidiary.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>S&#038;P</I>&#148; means Standard&#160;&#038;
    Poor&#146;s, a division of The McGraw-Hill Companies, Inc., and
    any successor to its rating agency business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Sale and Lease-Back Transaction</I>&#148; means any
    arrangement providing for the leasing by the Issuer or any of
    its Restricted Subsidiaries of any real or tangible personal
    property, which property has been or is to be sold or
    transferred by the Issuer or such Restricted Subsidiary to a
    third Person in contemplation of such leasing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>SEC</I>&#148; means the U.S.&#160;Securities and
    Exchange Commission.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Secured Indebtedness</I>&#148; means any Indebtedness
    of the Issuer or any of its Restricted Subsidiaries secured by a
    Lien.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Securities Act</I>&#148; means the Securities Act of
    1933, as amended, and the rules and regulations of the SEC
    promulgated thereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Senior Credit Facilities</I>&#148; means the Credit
    Facility under the Credit Agreement entered into as of the Issue
    Date by and among SunGard Holdco LLC, the Issuer, the lenders
    party thereto in their capacities as lenders thereunder and
    JPMorgan Chase Bank, N.A., as Administrative Agent, including
    any guarantees, collateral documents, instruments and agreements
    executed in connection therewith, and any amendments,
    supplements, modifications, extensions, renewals, restatements,
    refundings or refinancings thereof and any indentures or credit
    facilities or commercial paper facilities with banks or other
    institutional lenders or investors that replace, refund or
    refinance any part of the loans, notes, other credit facilities
    or commitments thereunder, including any such replacement,
    refunding or refinancing facility or indenture that increases
    the amount borrowable thereunder or alters the maturity thereof
    (<I>provided </I>that such increase in borrowings is permitted
    under &#147;Certain Covenants&#160;&#151; Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock&#148; above).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Senior Indebtedness&#148; </I>means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;all Indebtedness of the Issuer or any Guarantor
    outstanding under the Senior Credit Facilities or Senior Notes
    and related Guarantees (including interest accruing on or after
    the filing of any petition in bankruptcy or similar proceeding
    or for reorganization of the Issuer or any Guarantor (at the
    rate provided for in the documentation with respect thereto,
    regardless of whether or not a claim for post-filing interest is
    allowed in such proceedings)), and any and all other fees,
    expense reimbursement obligations, indemnification amounts,
    penalties, and other amounts (whether existing on the Issue Date
    or thereafter
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    created or incurred) and all obligations of the Issuer or any
    Guarantor to reimburse any bank or other Person in respect of
    amounts paid under letters of credit, acceptances or other
    similar instruments;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;all Hedging Obligations (and guarantees thereof) owing
    to a Lender (as defined in the Senior Credit Facilities) or any
    Affiliate of such Lender (or any Person that was a Lender or an
    Affiliate of such Lender at the time the applicable agreement
    giving rise to such Hedging Obligation was entered into),
    <I>provided </I>that such Hedging Obligations are permitted to
    be incurred under the terms of the Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;any other Indebtedness of the Issuer or any Guarantor
    permitted to be incurred under the terms of the Indenture,
    unless the instrument under which such Indebtedness is incurred
    expressly provides that it is on a parity with or subordinated
    in right of payment to the Senior Subordinated Notes or any
    related Guarantee;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;all Obligations with respect to the items listed in the
    preceding clauses (1), (2)&#160;and (3);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided</I>, <I>however</I>, that Senior Indebtedness shall
    not include:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;any obligation of such Person to the Issuer or any of
    its Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;any liability for federal, state, local or other taxes
    owed or owing by such Person;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;any accounts payable or other liability to trade
    creditors arising in the ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;any Indebtedness or other Obligation of such Person
    which is subordinate or junior in any respect to any other
    Indebtedness or other Obligation of such Person; or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;that portion of any Indebtedness which at the time of
    incurrence is incurred in violation of the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Senior Secured Notes</I>&#148; means the
    $250&#160;million aggregate principal amount of
    3.75%&#160;senior notes due 2009 and $250&#160;million aggregate
    principal amount of 4.875%&#160;senior notes due 2014, each of
    SunGard and outstanding on the Issue Date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Senior Subordinated Notes</I>&#148; means the
    $1,000,000,000 aggregate principal amount of the Issuer&#146;s
    10&#160;<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">4</FONT>%&#160;senior
    subordinated notes due 2015 issued on the Issue Date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Significant Subsidiary</I>&#148; means any Restricted
    Subsidiary that would be a &#147;significant subsidiary&#148; as
    defined in Article&#160;1,
    <FONT style="white-space: nowrap">Rule&#160;1-02</FONT>
    of
    <FONT style="white-space: nowrap">Regulation&#160;S-X,</FONT>
    promulgated pursuant to the Securities Act, as such regulation
    is in effect on the Issue Date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Similar Business</I>&#148; means any business conducted
    or proposed to be conducted by the Issuer and its Restricted
    Subsidiaries on the Issue Date or any business that is similar,
    reasonably related, incidental or ancillary thereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Sponsor Management Agreement</I>&#148; means the
    management agreement between certain of the management companies
    associated with the Investors and SunGard.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Subordinated Indebtedness</I>&#148; means, with respect
    to the Senior Notes,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any Indebtedness of the Issuer which is by its terms
    subordinated in right of payment to the Senior Notes,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;any Indebtedness of any Guarantor which is by its terms
    subordinated in right of payment to the Guarantee of such entity
    of the Senior Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Subsidiary</I>&#148; means, with respect to any Person:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any corporation, association, or other business entity
    (other than a partnership, joint venture, limited liability
    company or similar entity) of which more than 50% of the total
    voting power of shares of Capital Stock entitled (without regard
    to the occurrence of any contingency) to vote in the election of
    directors, managers or trustees thereof is at the time of
    determination owned or controlled, directly or
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    indirectly, by such Person or one or more of the other
    Subsidiaries of that Person or a combination thereof or is
    consolidated under GAAP with such Person at such time;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;any partnership, joint venture, limited liability
    company or similar entity of which
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (x)&#160;more than 50% of the capital accounts, distribution
    rights, total equity and voting interests or general or limited
    partnership interests, as applicable, are owned or controlled,
    directly or indirectly, by such Person or one or more of the
    other Subsidiaries of that Person or a combination thereof
    whether in the form of membership, general, special or limited
    partnership or otherwise,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (y)&#160;such Person or any Restricted Subsidiary of such Person
    is a controlling general partner or otherwise controls such
    entity.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Total Assets</I>&#148; means the total assets of the
    Issuer and its Restricted Subsidiaries on a consolidated basis,
    as shown on the most recent balance sheet of the Issuer or such
    other Person as may be expressly stated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Transaction</I>&#148; means the transactions
    contemplated by the Transaction Agreement, the issuance of the
    Senior Notes and the Senior Subordinated Notes, the granting of
    Liens on the Senior Secured Notes, fundings under any
    Receivables Facility and borrowings under the Senior Credit
    Facilities as in effect on the Issue Date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Transaction Agreement</I>&#148; means the Agreement and
    Plan of Merger, dated as of March&#160;27, 2005 between Solar
    Capital Corp. and SunGard as the same may be amended prior to
    the Issue Date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Treasury Rate</I>&#148; means, as of any
    Redemption&#160;Date, the yield to maturity as of such
    Redemption&#160;Date of United States Treasury securities with a
    constant maturity (as compiled and published in the most recent
    Federal Reserve Statistical Release H.15 (519)&#160;that has
    become publicly available at least two Business Days prior to
    the Redemption&#160;Date (or, if such Statistical Release is no
    longer published, any publicly available source of similar
    market data)) most nearly equal to the period from the
    Redemption&#160;Date to August&#160;15, 2009; <I>provided</I>,
    <I>however</I>, that if the period from the Redemption&#160;Date
    to August&#160;15, 2009 is less than one year, the weekly
    average yield on actually traded United States Treasury
    securities adjusted to a constant maturity of one year will be
    used.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Trust&#160;Indenture Act</I>&#148; means the
    Trust&#160;Indenture Act of 1939, as amended (15 U.S.C
    <FONT style="white-space: nowrap">&#167;&#167;&#160;77aaa-777bbbb).</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Unrestricted Subsidiary&#148; </I>means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any Subsidiary of the Issuer which at the time of
    determination is an Unrestricted Subsidiary (as designated by
    the Issuer, as provided below);&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;any Subsidiary of an Unrestricted Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer may designate any Subsidiary of the Issuer (including
    any existing Subsidiary and any newly acquired or newly formed
    Subsidiary) to be an Unrestricted Subsidiary unless such
    Subsidiary or any of its Subsidiaries owns any Equity Interests
    or Indebtedness of, or owns or holds any Lien on, any property
    of, the Issuer or any Subsidiary of the Issuer (other than
    solely any Subsidiary of the Subsidiary to be so designated);
    <I>provided </I>that
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any Unrestricted Subsidiary must be an entity of which
    the Equity Interests entitled to cast at least a majority of the
    votes that may be cast by all Equity Interests having ordinary
    voting power for the election of directors or Persons performing
    a similar function are owned, directly or indirectly, by the
    Issuer;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;such designation complies with the covenants described
    under &#147;Certain Covenants&#160;&#151; Limitation on
    Restricted Payments&#148;; and (3)&#160;each of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the Subsidiary to be so designated;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;its Subsidiaries
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    has not at the time of designation, and does not thereafter,
    create, incur, issue, assume, guarantee or otherwise become
    directly or indirectly liable with respect to any Indebtedness
    pursuant to which the lender has recourse to any of the assets
    of the Issuer or any Restricted Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer may designate any Unrestricted Subsidiary to be a
    Restricted Subsidiary; <I>provided </I>that, immediately after
    giving effect to such designation, no Default shall have
    occurred and be continuing and either:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the Issuer could incur at least $1.00 of additional
    Indebtedness pursuant to the Fixed Charge Coverage Ratio test
    described in the first paragraph under &#147;Certain
    Covenants&#160;&#151; Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock&#148;; or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the Fixed Charge Coverage Ratio for the Issuer its
    Restricted Subsidiaries would be greater than such ratio for the
    Issuer and its Restricted Subsidiaries immediately prior to such
    designation,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    in each case on a <I>pro forma </I>basis taking into account
    such designation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any such designation by the Issuer shall be notified by the
    Issuer to the Trustee by promptly filing with the Trustee a copy
    of the resolution of the board of directors of the Issuer or any
    committee thereof giving effect to such designation and an
    Officer&#146;s Certificate certifying that such designation
    complied with the foregoing provisions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Voting Stock</I>&#148; of any Person as of any date
    means the Capital Stock of such Person that is at the time
    entitled to vote in the election of the board of directors of
    such Person.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Weighted Average Life to Maturity</I>&#148; means, when
    applied to any Indebtedness, Disqualified Stock or Preferred
    Stock, as the case may be, at any date, the quotient obtained by
    dividing:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the sum of the products of the number of years from the
    date of determination to the date of each successive scheduled
    principal payment of such Indebtedness or redemption or similar
    payment with respect to such Disqualified Stock or Preferred
    Stock multiplied by the amount of such payment; by
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the sum of all such payments.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Wholly-Owned Subsidiary</I>&#148; of any Person means a
    Subsidiary of such Person, 100% of the outstanding Equity
    Interests of which (other than directors&#146; qualifying
    shares) shall at the time be owned by such Person or by one or
    more Wholly-Owned Subsidiaries of such Person.
</DIV>

<A name='115'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DESCRIPTION
    OF SENIOR NOTES&#160;DUE 2015</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">General</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Certain terms used in this description are defined under the
    subheading &#147;Certain Definitions.&#148; In this description,
    (i)&#160;the terms &#147;<I>we</I>,&#148; &#147;<I>our</I>&#148;
    and &#147;<I>us</I>&#148; each refer to SunGard Data Systems
    Inc. (&#147;<I>SunGard</I>&#148;) and its consolidated
    Subsidiaries and (ii)&#160;the term &#147;<I>Issuer</I>&#148;
    refers only to SunGard and not any of its Subsidiaries.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer expects to issue up to $500,000,000 aggregate
    principal amount of 10.625%&#160;senior notes due 2015 (the
    &#147;<I>Senior Notes</I>&#148;) under an indenture dated as of
    September&#160;29, 2008 (the &#147;<I>Indenture</I>&#148;) among
    the Issuer, the Guarantors and The Bank of New York Mellon, as
    trustee (the &#147;<I>Trustee</I>&#148;) in exchange for up to
    $500,000,000 aggregate principal amount of the currently
    outstanding 10.625%&#160;senior notes due 2015 issued on
    September&#160;29, 2008. The currently outstanding
    10.625%&#160;senior notes due 2015 were issued in a private
    transaction that was not subject to the registration
    requirements of the Securities Act. Except as set forth herein,
    the terms of the Senior Notes will be substantially identical
    and include those stated in the Indenture and those made part of
    the Indenture by reference to the Trust&#160;Indenture Act.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following description is only a summary of the material
    provisions of the Indenture and does not purport to be complete
    and is qualified in its entirety by reference to the provisions
    of that agreement, including the definitions therein of certain
    terms used below. We urge you to read the Indenture because it,
    not
</DIV>
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    148
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    this description, define your rights as Holders of the Senior
    Notes. You may request copies of the Indenture or the escrow
    agreement at our address set forth under the heading
    &#147;Offering Circular Summary.&#148;
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Brief
    Description of Senior Notes</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Senior Notes:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    will be unsecured senior obligations of the Issuer;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    will be <I>pari passu </I>in right of payment with all existing
    and future Senior Indebtedness (including the Senior Credit
    Facilities and Existing Senior Notes) of the Issuer;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    will be effectively subordinated to all secured Indebtedness of
    the Issuer (including the Senior Credit Facilities and the
    Existing Senior Secured Notes);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    will be senior in right of payment to any future Subordinated
    Indebtedness (as defined with respect to the Senior Notes)
    (including the Existing Senior Subordinated Notes) of the Issuer;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    will be initially guaranteed on a senior unsecured basis by each
    Restricted Subsidiary that guarantees the Senior Credit
    Facilities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    will be deposited in the escrow account until we consummate the
    acquisition of the GL Trade Block if, on the closing date of
    this offering, we do not expect the closing of the acquisition
    of the GL Trade Block to occur within two business days of the
    closing of this offering;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    will be subject to registration with the SEC pursuant to the
    Registration Rights Agreement.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Guarantees</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Guarantors, as primary obligors and not merely as sureties,
    will initially jointly and severally irrevocably and
    unconditionally guarantee, on an unsecured senior basis, the
    performance and full and punctual payment when due, whether at
    maturity, by acceleration or otherwise, of all obligations of
    the Issuer under the Indenture and the Senior Notes, whether for
    payment of principal of or interest on or Additional Interest in
    respect of the Senior Notes, expenses, indemnification or
    otherwise, on the terms set forth in the Indenture by executing
    the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Restricted Subsidiaries (other than as detailed below) will
    initially guarantee the Senior Notes. Each of the Guarantees of
    the Senior Notes will be a general unsecured senior obligation
    of each Guarantor and will be <I>pari passu </I>in right of
    payment with all existing and future Senior Indebtedness of each
    such entity, will be effectively subordinated to all secured
    Indebtedness of each such entity and will be senior in right of
    payment to all existing and future Subordinated Indebtedness
    (including the Existing Senior Subordinated Notes) of each such
    entity. The Senior Notes will be structurally subordinated to
    Indebtedness of Subsidiaries of the Issuer that do not Guarantee
    the Senior Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Not all of the Issuer&#146;s Subsidiaries will Guarantee the
    Senior Notes. In the event of a bankruptcy, liquidation or
    reorganization of any of these non-guarantor Subsidiaries, the
    non-guarantor Subsidiaries will pay the holders of their debt
    and their trade creditors before they will be able to distribute
    any of their assets to the Issuer. None of our Foreign
    Subsidiaries, broker-dealer subsidiaries, non-Wholly Owned
    Subsidiaries (subject to certain limited exceptions) or any
    Receivables Subsidiary will guarantee the Senior Notes. As of
    December&#160;31, 2009, the non-guarantor Subsidiaries generated
    40% and 20% of our total revenue and EBITDA, respectively. In
    addition, as of December&#160;31, 2009, the non-guarantor
    Subsidiaries held 29% of our consolidated assets.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The obligations of each Guarantor under its Guarantees will be
    limited as necessary to prevent the Guarantees from constituting
    a fraudulent conveyance under applicable law.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any entity that makes a payment under its Guarantee will be
    entitled upon payment in full of all guaranteed obligations
    under the Indenture to a contribution from each other Guarantor
    in an amount equal to
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    such other Guarantor&#146;s pro rata portion of such payment
    based on the respective net assets of all the Guarantors at the
    time of such payment determined in accordance with GAAP.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If a Guarantee was rendered voidable, it could be subordinated
    by a court to all other indebtedness (including guarantees and
    other contingent liabilities) of the Guarantor, and, depending
    on the amount of such indebtedness, a Guarantor&#146;s liability
    on its Guarantee could be reduced to zero. See &#147;Risk
    Factors&#160;&#151; Risks Related to the Notes&#160;&#151;
    Federal and state fraudulent transfer laws may permit a court to
    void the guarantees, and, if that occurs, you may not receive
    any payment on the notes.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A Guarantee by a Guarantor shall provide by its terms that it
    shall be automatically and unconditionally released and
    discharged upon:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)(a) any sale, exchange or transfer (by merger or otherwise)
    of the Capital Stock of such Guarantor (including any sale,
    exchange or transfer), after which the applicable Guarantor is
    no longer a Restricted Subsidiary or all or substantially all
    the assets of such Guarantor which sale, exchange or transfer is
    made in compliance with the applicable provisions of the
    Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the release or discharge of the guarantee by such
    Guarantor of the Senior Credit Facilities or the guarantee which
    resulted in the creation of such Guarantee, except a discharge
    or release by or as a result of payment under such guarantee;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;the proper designation of any Restricted Subsidiary
    that is a Guarantor as an Unrestricted Subsidiary;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;the Issuer exercising its legal defeasance option or
    covenant defeasance option as described under &#147;Legal
    Defeasance and Covenant Defeasance&#148; or the Issuer&#146;s
    obligations under the Indenture being discharged in accordance
    with the terms of the Indenture;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;such Guarantor delivering to the Trustee an
    Officer&#146;s Certificate and an Opinion of Counsel, each
    stating that all conditions precedent provided for in the
    Indenture relating to such transaction have been complied with.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ranking</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Senior
    Secured Indebtedness Versus the Senior Notes</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The payment of the principal of, premium, if any, and interest
    on the Senior Notes and the payment of any Guarantee will rank
    <I>pari passu </I>in right of payment to all Senior Indebtedness
    of the Issuer or the relevant Guarantor, as the case may be,
    including the obligations of the Issuer and such Guarantor under
    the Senior Credit Facilities and the Existing Senior Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Senior Notes will be effectively subordinated in right of
    payment to all of the Issuer&#146;s and the Guarantors&#146;
    existing and future secured Indebtedness to the extent of the
    value of the assets securing such Indebtedness. As of
    December&#160;31, 2009, SunGard had $4,967&#160;million of
    secured Indebtedness, consisting entirely of secured
    Indebtedness under the Senior Credit Facilities and the Existing
    Senior Secured Notes (which have a face amount of
    $250&#160;million, but are recorded at $234&#160;million). As of
    December&#160;31, 2009, $250&#160;million was outstanding under
    our Receivables Facility.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Although the Indenture will contain limitations on the amount of
    additional Indebtedness that the Issuer and the Guarantors may
    incur, under certain circumstances the amount of such
    Indebtedness could be substantial and, in any case, such
    Indebtedness may be Senior Indebtedness. See &#147;Certain
    Covenants&#160;&#151; Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock.&#148;
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Paying
    Agent and Registrar for the Senior Notes</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will maintain one or more paying agents for the
    Senior Notes in the Borough of Manhattan, City of New York. The
    initial paying agent for the Senior Notes will be the Trustee.
</DIV>
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    150
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will also maintain a registrar with offices in the
    Borough of Manhattan, City of New York. The initial registrar
    will be the Trustee. The registrar will maintain a register
    reflecting ownership of the Senior Notes outstanding from time
    to time and will make payments on and facilitate transfer of
    Senior Notes on behalf of the Issuer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer may change the paying agents or the registrars
    without prior notice to the Holders. The Issuer or any of its
    Subsidiaries may act as a paying agent or registrar.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Transfer
    and Exchange</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A Holder may transfer or exchange Senior Notes in accordance
    with the Indenture. The registrar and the Trustee may require a
    Holder to furnish appropriate endorsements and transfer
    documents in connection with a transfer of Senior Notes. Holders
    will be required to pay all taxes due on transfer. The Issuer is
    not required to transfer or exchange any Senior Note selected
    for redemption. Also, the Issuer is not required to transfer or
    exchange any Senior Note for a period of 15&#160;days before a
    selection of Senior Notes to be redeemed.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Principal,
    Maturity and Interest</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will issue $500,000,000 of Senior Notes in this
    offering. The Senior Notes will mature on May&#160;15, 2015.
    Subject to compliance with the covenant described below under
    the caption &#147;Certain Covenants&#160;&#151; Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock,&#148; the Issuer may issue additional
    Senior Notes from time to time after this offering under the
    Indenture (&#147;<I>Additional Senior Notes</I>&#148;). The
    Senior Notes offered by the Issuer and any Additional Senior
    Notes subsequently issued under the Indenture will be treated as
    a single class for all purposes under the Indenture, including
    waivers, amendments, redemptions and offers to purchase. Unless
    the context requires otherwise, references to &#147;Senior
    Notes&#148; for all purposes of the Indenture and this
    &#147;Description of Notes&#148; include any Additional Senior
    Notes that are actually issued.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Interest on the Senior Notes will accrue at the rate of 10.625%
    <I>per annum </I>and will be payable semi-annually in arrears on
    April 1 and October&#160;1, commencing on April&#160;1, 2009, to
    Holders of record on the immediately preceding March 15 and
    September&#160;15. Interest on the Senior Notes will accrue from
    the most recent date to which interest has been paid or, if no
    interest has been paid, from and including the Issue Date.
    Interest on the Senior Notes will be computed on the basis of a
    <FONT style="white-space: nowrap">360-day</FONT> year
    comprised of twelve
    <FONT style="white-space: nowrap">30-day</FONT>
    months.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Additional
    Interest</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Additional Interest may accrue on the Senior Notes in certain
    circumstances pursuant to the Registration Rights Agreement. All
    references in the Indenture and this &#147;Description of
    Notes,&#148; in any context, to any interest or other amount
    payable on or with respect to the Senior Notes shall be deemed
    to include any Additional Interest pursuant to the Registration
    Rights Agreement. Principal of, premium, if any, and interest on
    the Senior Notes will be payable at the office or agency of the
    Issuer maintained for such purpose within the City and State of
    New York or, at the option of the Issuer, payment of interest
    may be made by check mailed to the Holders of the Senior Notes
    at their respective addresses set forth in the register of
    Holders; <I>provided </I>that all payments of principal,
    premium, if any, and interest with respect to the Senior Notes
    represented by one or more global notes registered in the name
    of or held by DTC or its nominee will be made by wire transfer
    of immediately available funds to the accounts specified by the
    Holder or Holders thereof. Until otherwise designated by the
    Issuer, the Issuer&#146;s office or agency in New York will be
    the office of the Trustee maintained for such purpose.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Mandatory
    Redemption; Offers to Purchase; Open Market Purchases</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer is not required to make any mandatory redemption or
    sinking fund payments with respect to the Senior Notes. However,
    under certain circumstances, the Issuer may be required to offer
    to purchase Senior Notes as described under the caption
    &#147;Repurchase at the Option of Holders.&#148; We may at any
    time and from time to time purchase Senior Notes in the open
    market or otherwise.
</DIV>
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    <BR>
    151
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Optional
    Redemption</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except as set forth below, the Issuer will not be entitled to
    redeem the Senior Notes at its option prior to April&#160;1,
    2012.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At any time prior to April&#160;1, 2012, the Issuer may redeem
    all or a part of the Senior Notes, upon not less than 30 nor
    more than 60&#160;days&#146; prior notice mailed by first-class
    mail to the registered address of each Holder of Senior Notes,
    at a redemption price equal to 100% of the principal amount of
    the Senior Notes redeemed plus the Applicable Premium as of, and
    accrued and unpaid interest and Additional Interest, if any, to
    the date of redemption (the
    &#147;<I>Redemption&#160;Date</I>&#148;), subject to the rights
    of Holders of Senior Notes on the relevant record date to
    receive interest due on the relevant interest payment date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On and after April&#160;1, 2012, the Issuer may redeem the
    Senior Notes, in whole or in part, upon notice as described
    under the heading &#147;Repurchase at the Option of
    Holders&#160;&#151; Selection and Notice,&#148; at the
    redemption prices (expressed as percentages of principal amount
    of the Senior Notes to be redeemed) set forth below, plus
    accrued and unpaid interest thereon and Additional Interest, if
    any, to the applicable Redemption&#160;Date, subject to the
    right of Holders of Senior Notes of record on the relevant
    record date to receive interest due on the relevant interest
    payment date, if redeemed during the twelve-month period
    beginning on April&#160;1, of each of the years indicated below:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="91%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Year</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Percentage</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2012
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    105.313
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2013
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    102.656
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2014 and thereafter
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100.000
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, until October&#160;1, 2011, the Issuer may, at its
    option, on one or more occasions redeem up to 35% of the
    aggregate principal amount of Senior Notes at a redemption price
    equal to 110.625% of the aggregate principal amount thereof,
    plus accrued and unpaid interest thereon and Additional
    Interest, if any, to the applicable Redemption&#160;Date,
    subject to the right of Holders of Senior Notes of record on the
    relevant record date to receive interest due on the relevant
    interest payment date, with the net cash proceeds of one or more
    Equity Offerings; <I>provided </I>that at least 50% of the sum
    of the aggregate principal amount of Senior Notes originally
    issued under the Indenture and any Additional Senior Notes
    Senior issued under the Indenture after the Issue Date remains
    outstanding immediately after the occurrence of each such
    redemption; <I>provided further </I>that each such redemption
    occurs within 90&#160;days of the date of closing of each such
    Equity Offering.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notice of any redemption upon any Equity Offering may be given
    prior to the redemption thereof, and any such redemption or
    notice may, at the Issuer&#146;s discretion, be subject to one
    or more conditions precedent, including, but not limited to,
    completion of the related Equity Offering.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Trustee shall select the Senior Notes to be redeemed in the
    manner described under &#147;Repurchase at the Option of
    Holders&#160;&#151; Selection and Notice.&#148;
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Repurchase
    at the Option of Holders</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Change
    of Control</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Senior Notes will provide that if a Change of Control
    occurs, unless the Issuer has previously or concurrently mailed
    a redemption notice with respect to all the outstanding Senior
    Notes as described under &#147;Optional Redemption,&#148; the
    Issuer will make an offer to purchase all of the Senior Notes
    pursuant to the offer described below (the &#147;<I>Change of
    Control Offer</I>&#148;) at a price in cash (the &#147;<I>Change
    of Control Payment</I>&#148;) equal to 101% of the aggregate
    principal amount thereof plus accrued and unpaid interest and
    Additional Interest, if any, to the date of purchase, subject to
    the right of Holders of the Senior Notes of record on the
    relevant record date to receive interest due on the relevant
    interest payment date. Within 30&#160;days following any Change
    of Control, the Issuer will send notice of such Change of
    Control Offer by first-class mail, with a copy to the
</DIV>
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    <BR>
    152
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Trustee, to each Holder of Senior Notes to the address of such
    Holder appearing in the security register with a copy to the
    Trustee, with the following information:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;that a Change of Control Offer is being made pursuant
    to the covenant entitled &#147;Change of Control,&#148; and that
    all Senior Notes properly tendered pursuant to such Change of
    Control Offer will be accepted for payment by the Issuer;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the purchase price and the purchase date, which will be
    no earlier than 30&#160;days nor later than 60&#160;days from
    the date such notice is mailed (the &#147;<I>Change of Control
    Payment Date</I>&#148;);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;that any Senior Note not properly tendered will remain
    outstanding and continue to accrue interest;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;that unless the Issuer defaults in the payment of the
    Change of Control Payment, all Senior Notes accepted for payment
    pursuant to the Change of Control Offer will cease to accrue
    interest on the Change of Control Payment Date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;that Holders electing to have any Senior Notes
    purchased pursuant to a Change of Control Offer will be required
    to surrender such Senior Notes, with the form entitled
    &#147;Option of Holder to Elect Purchase&#148; on the reverse of
    such Senior Notes completed, to the paying agent specified in
    the notice at the address specified in the notice prior to the
    close of business on the third Business Day preceding the Change
    of Control Payment Date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;that Holders will be entitled to withdraw their
    tendered Senior Notes and their election to require the Issuer
    to purchase such Senior Notes, <I>provided </I>that the paying
    agent receives, not later than the close of business on the
    30th&#160;day following the date of the Change of Control
    notice, a telegram, telex, facsimile transmission or letter
    setting forth the name of the Holder of the Senior Notes, the
    principal amount of Senior Notes tendered for purchase, and a
    statement that such Holder is withdrawing its tendered Senior
    Notes and its election to have such Senior Notes purchased;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;that if the Issuer is redeeming less than all of the
    Senior Notes, the Holders of the remaining Senior Notes will be
    issued new Senior Notes and such new Senior Notes will be equal
    in principal amount to the unpurchased portion of the Senior
    Notes surrendered. The unpurchased portion of the Senior Notes
    must be equal to $2,000 or an integral multiple thereof; and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;the other instructions, as determined by us, consistent
    with the covenant described hereunder, that a Holder must follow.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will comply with the requirements of
    <FONT style="white-space: nowrap">Rule&#160;14e-1</FONT>
    under the Exchange Act and any other securities laws and
    regulations thereunder to the extent such laws or regulations
    are applicable in connection with the repurchase of Senior Notes
    pursuant to a Change of Control Offer. To the extent that the
    provisions of any securities laws or regulations conflict with
    the provisions of the Indenture, the Issuer will comply with the
    applicable securities laws and regulations and shall not be
    deemed to have breached its obligations described in the
    Indenture by virtue thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On the Change of Control Payment Date, the Issuer will, to the
    extent permitted by law,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;accept for payment all Senior Notes issued by it or
    portions thereof properly tendered pursuant to the Change of
    Control Offer,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;deposit with the paying agent an amount equal to the
    aggregate Change of Control Payment in respect of all Senior
    Notes or portions thereof so tendered,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;deliver, or cause to be delivered, to the Trustee for
    cancellation the Senior Notes so accepted together with an
    Officer&#146;s Certificate to the Trustee stating that such
    Senior Notes or portions thereof have been tendered to and
    purchased by the Issuer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Senior Credit Facilities will, and future Credit Facilities
    or other agreements relating to Senior Indebtedness to which the
    Issuer becomes a party may, provide that certain change of
    control events with respect to the Issuer would constitute a
    default thereunder (including a Change of Control under the
</DIV>
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    <BR>
    153
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Indenture). If we experience a change of control that triggers a
    default under our Senior Credit Facilities, we could seek a
    waiver of such default or seek to refinance our Senior Credit
    Facilities. In the event we do not obtain such a waiver or
    refinance the Senior Credit Facilities, such default could
    result in amounts outstanding under our Senior Credit Facilities
    being declared due and payable and cause a Receivables Facility
    to be wound-down.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our ability to pay cash to the Holders of Senior Notes following
    the occurrence of a Change of Control may be limited by our
    then-existing financial resources. Therefore, sufficient funds
    may not be available when necessary to make any required
    repurchases.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Change of Control purchase feature of the Senior Notes may
    in certain circumstances make more difficult or discourage a
    sale or takeover of us and, thus, the removal of incumbent
    management. The Change of Control purchase feature is a result
    of negotiations between the Initial Purchasers and us. After the
    Issue Date, we have no present intention to engage in a
    transaction involving a Change of Control, although it is
    possible that we could decide to do so in the future. Subject to
    the limitations discussed below, we could, in the future, enter
    into certain transactions, including acquisitions, refinancings
    or other recapitalizations, that would not constitute a Change
    of Control under the Indenture, but that could increase the
    amount of indebtedness outstanding at such time or otherwise
    affect our capital structure or credit ratings. Restrictions on
    our ability to incur additional Indebtedness are contained in
    the covenants described under &#147;Certain
    Covenants&#160;&#151; Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock&#148; and
    &#147;Certain Covenants&#160;&#151; Liens.&#148; Such
    restrictions in the Indenture can be waived only with the
    consent of the Holders of a majority in principal amount of the
    Senior Notes then outstanding. Except for the limitations
    contained in such covenants, however, the Indenture will not
    contain any covenants or provisions that may afford Holders of
    the Senior Notes protection in the event of a highly leveraged
    transaction.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will not be required to make a Change of Control Offer
    following a Change of Control if a third party makes the Change
    of Control Offer in the manner, at the times and otherwise in
    compliance with the requirements set forth in the Indenture
    applicable to a Change of Control Offer made by us and purchases
    all Senior Notes validly tendered and not withdrawn under such
    Change of Control Offer. Notwithstanding anything to the
    contrary herein, a Change of Control Offer may be made in
    advance of a Change of Control, conditional upon such Change of
    Control, if a definitive agreement is in place for the Change of
    Control at the time of making of the Change of Control Offer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The definition of &#147;Change of Control&#148; includes a
    disposition of all or substantially all of the assets of the
    Issuer to any Person. Although there is a limited body of case
    law interpreting the phrase &#147;substantially all,&#148; there
    is no precise established definition of the phrase under
    applicable law. Accordingly, in certain circumstances there may
    be a degree of uncertainty as to whether a particular
    transaction would involve a disposition of &#147;all or
    substantially all&#148; of the assets of the Issuer. As a
    result, it may be unclear as to whether a Change of Control has
    occurred and whether a Holder of Senior Notes may require the
    Issuer to make an offer to repurchase the Senior Notes as
    described above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The provisions under the Indenture relative to the Issuer&#146;s
    obligation to make an offer to repurchase the Senior Notes as a
    result of a Change of Control may be waived or modified with the
    written consent of the Holders of a majority in principal amount
    of the Senior Notes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Asset
    Sales</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture will provide that the Issuer will not, and will
    not permit any of its Restricted Subsidiaries to, cause, make or
    suffer to exist an Asset Sale, unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the Issuer or such Restricted Subsidiary, as the case
    may be, receives consideration at the time of such Asset Sale at
    least equal to the fair market value (as determined in good
    faith by the Issuer) of the assets sold or otherwise disposed
    of;&#160;and
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;except in the case of a Permitted Asset Swap, at least
    75% of the consideration therefor received by the Issuer or such
    Restricted Subsidiary, as the case may be, is in the form of
    cash or Cash Equivalents; <I>provided </I>that the amount of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;any liabilities (as shown on the Issuer&#146;s or such
    Restricted Subsidiary&#146;s most recent balance sheet or in the
    footnotes thereto) of the Issuer or such Restricted Subsidiary,
    other than liabilities that are by their terms subordinated to
    the Senior Notes, that are assumed by the transferee of any such
    assets and for which the Issuer and all of its Restricted
    Subsidiaries have been validly released by all creditors in
    writing,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;any securities received by the Issuer or such
    Restricted Subsidiary from such transferee that are converted by
    the Issuer or such Restricted Subsidiary into cash (to the
    extent of the cash received) within 180&#160;days following the
    closing of such Asset Sale, and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;any Designated Non-cash Consideration received by the
    Issuer or such Restricted Subsidiary in such Asset Sale having
    an aggregate fair market value, taken together with all other
    Designated Non-cash Consideration received pursuant to this
    clause (c) that is at that time outstanding, not to exceed 2.5%
    of Total Assets at the time of the receipt of such Designated
    Non-cash Consideration, with the fair market value of each item
    of Designated Non-cash Consideration being measured at the time
    received and without giving effect to subsequent changes in
    value,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    shall be deemed to be cash for purposes of this provision and
    for no other purpose.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Within 450&#160;days after the receipt of any Net Proceeds of
    any Asset Sale, the Issuer or such Restricted Subsidiary, at its
    option, may apply the Net Proceeds from such Asset Sale,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;to permanently reduce:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Obligations under the Senior Credit Facilities, and to
    correspondingly reduce commitments with respect thereto;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Obligations under Senior Indebtedness that is secured
    by a Lien, which Lien is permitted by the Indenture, and to
    correspondingly reduce commitments with respect thereto;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;Obligations under other Senior Indebtedness (and to
    correspondingly reduce commitments with respect thereto),
    <I>provided </I>that the Issuer shall equally and ratably reduce
    Obligations under the Senior Notes as provided under
    &#147;Optional Redemption,&#148; through open-market purchases
    (to the extent such purchases are at or above 100% of the
    principal amount thereof) or by making an offer (in accordance
    with the procedures set forth below for an Asset Sale Offer) to
    all Holders to purchase their Senior Notes at 100% of the
    principal amount thereof, plus the amount of accrued but unpaid
    interest, if any, on the amount of Senior Notes that would
    otherwise be prepaid;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;Indebtedness of a Restricted Subsidiary that is not a
    Guarantor, other than Indebtedness owed to the Issuer or another
    Restricted Subsidiary;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;to make (a)&#160;an Investment in any one or more
    businesses, <I>provided </I>that such Investment in any business
    is in the form of the acquisition of Capital Stock and results
    in the Issuer or another of its Restricted Subsidiaries, as the
    case may be, owning an amount of the Capital Stock of such
    business such that it constitutes a Restricted Subsidiary,
    (b)&#160;capital expenditures or (c)&#160;acquisitions of other
    assets, in each of (a), (b)&#160;and (c), used or useful in a
    Similar Business,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;to make an investment in (a)&#160;any one or more
    businesses, <I>provided </I>that such Investment in any business
    is in the form of the acquisition of Capital Stock and results
    in the Issuer or another of its Restricted Subsidiaries, as the
    case may be, owning an amount of the Capital Stock of such
    business such that it constitutes a Restricted Subsidiary,
    (b)&#160;properties or (c)&#160;acquisitions of other assets
    that, in each of (a), (b)&#160;and (c), replace the businesses,
    properties
    <FONT style="white-space: nowrap">and/or</FONT>
    assets that are the subject of such Asset Sale;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided </I>that, in the case of clauses&#160;(2) and
    (3)&#160;above, a binding commitment shall be treated as a
    permitted application of the Net Proceeds from the date of such
    commitment so long as the Issuer, or such other
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Restricted Subsidiary enters into such commitment with the good
    faith expectation that such Net Proceeds will be applied to
    satisfy such commitment within 180&#160;days of such commitment
    (an &#147;<I>Acceptable Commitment</I>&#148;) and, in the event
    any Acceptable Commitment is later cancelled or terminated for
    any reason before the Net Proceeds are applied in connection
    therewith, the Issuer or such Restricted Subsidiary enters into
    another Acceptable Commitment (a &#147;<I>Second
    Commitment</I>&#148;) within 180&#160;days of such cancellation
    or termination; <I>provided further </I>that if any Second
    Commitment is later cancelled or terminated for any reason
    before such Net Proceeds are applied, then such Net Proceeds
    shall constitute Excess Proceeds.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any Net Proceeds from an Asset Sale that are not invested or
    applied as provided and within the time period set forth in the
    first sentence of the preceding paragraph will be deemed to
    constitute &#147;<I>Excess Proceeds</I>.&#148; When the
    aggregate amount of Excess Proceeds exceeds $100.0&#160;million,
    the Issuer shall make an offer to all Holders of the Senior
    Notes and, if required by the terms of any Indebtedness that is
    <I>pari passu </I>with the Senior Notes (&#147;<I>Pari Passu
    Indebtedness</I>&#148;), to the holders of such Pari Passu
    Indebtedness (an &#147;<I>Asset Sale Offer</I>&#148;), to
    purchase the maximum aggregate principal amount of the Senior
    Notes and such Pari Passu Indebtedness that is an integral
    multiple of $2,000 that may be purchased out of the Excess
    Proceeds at an offer price in cash in an amount equal to 100% of
    the principal amount thereof, plus accrued and unpaid interest
    and Additional Interest, if any, to the date fixed for the
    closing of such offer, in accordance with the procedures set
    forth in the Indenture. The Issuer will commence an Asset Sale
    Offer with respect to Excess Proceeds within ten Business Days
    after the date that Excess Proceeds exceed $100.0&#160;million
    by mailing the notice required pursuant to the terms of the
    Indenture, with a copy to the Trustee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To the extent that the aggregate amount of Senior Notes and such
    Pari Passu Indebtedness tendered pursuant to an Asset Sale Offer
    is less than the Excess Proceeds, the Issuer may use any
    remaining Excess Proceeds for general corporate purposes,
    subject to other covenants contained in the Indenture. If the
    aggregate principal amount of Senior Notes or the Pari Passu
    Indebtedness surrendered by such holders thereof exceeds the
    amount of Excess Proceeds, the Trustee shall select the Senior
    Notes and such Pari Passu Indebtedness to be purchased on a pro
    rata basis based on the accreted value or principal amount of
    the Senior Notes or such Pari Passu Indebtedness tendered. Upon
    completion of any such Asset Sale Offer, the amount of Excess
    Proceeds shall be reset at zero.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pending the final application of any Net Proceeds pursuant to
    this covenant, the holder of such Net Proceeds may apply such
    Net Proceeds temporarily to reduce Indebtedness outstanding
    under a revolving credit facility or otherwise invest such Net
    Proceeds in any manner not prohibited by the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will comply with the requirements of
    <FONT style="white-space: nowrap">Rule&#160;14e-1</FONT>
    under the Exchange Act and any other securities laws and
    regulations thereunder to the extent such laws or regulations
    are applicable in connection with the repurchase of the Senior
    Notes pursuant to an Asset Sale Offer. To the extent that the
    provisions of any securities laws or regulations conflict with
    the provisions of the Indenture, the Issuer will comply with the
    applicable securities laws and regulations and shall not be
    deemed to have breached its obligations described in the
    Indenture by virtue thereof.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Selection
    and Notice</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Issuer is redeeming less than all of the Senior Notes
    issued by it at any time, the Trustee will select the Senior
    Notes to be redeemed (a)&#160;if the Senior Notes are listed on
    any national securities exchange, in compliance with the
    requirements of the principal national securities exchange on
    which the Senior Notes are listed or (b)&#160;on a pro rata
    basis to the extent practicable.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notices of purchase or redemption shall be mailed by first-class
    mail, postage prepaid, at least 30 but not more than
    60&#160;days before the purchase or redemption date to each
    Holder of Senior Notes at such Holder&#146;s registered address,
    except that (a)&#160;redemption notices may be mailed more than
    60&#160;days prior to a redemption date if the notice is issued
    in connection with a defeasance of the Senior Notes or a
    satisfaction and discharge of the Indenture and
    (b)&#160;redemption notices need not be mailed more than one
    Business Day before the redemption date if the notice is issued
    in connection with a special mandatory redemption. If any Senior
    Note is to be purchased or redeemed in part only, any notice of
    purchase or redemption that relates to such Senior Note shall
    state the portion of the principal amount thereof that has been
    or is to be purchased or redeemed.
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will issue a new Senior Note in a principal amount
    equal to the unredeemed portion of the original Senior Note in
    the name of the Holder upon cancellation of the original Senior
    Note. Senior Notes called for redemption become due on the date
    fixed for redemption. On and after the redemption date, interest
    ceases to accrue on Senior Notes or portions of them called for
    redemption.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Certain
    Covenants</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Set forth below are summaries of certain covenants contained in
    the Indenture. If on any date following the date of the Issue
    Date (i)&#160;the Senior Notes have Investment Grade Ratings
    from both Rating Agencies, and (ii)&#160;no Default has occurred
    and is continuing under the Indenture then, beginning on that
    day and continuing at all times thereafter regardless of any
    subsequent changes in the rating of the Senior Notes, the
    covenants specifically listed under the following captions in
    this &#147;Description of Notes&#148; section of this offering
    circular will no longer be applicable to the Senior Notes:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;&#147;Repurchase at the Option of Holders&#160;&#151;
    Asset Sales&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;&#147;&#160;&#151; Limitation on Restricted
    Payments&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;&#147;&#160;&#151; Limitation on Incurrence of
    Indebtedness and Issuance of Disqualified Stock and Preferred
    Stock&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;clause&#160;(4) of the first paragraph of
    &#147;&#151;&#160;Merger, Consolidation or Sale of All or
    Substantially All Assets&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;&#147;&#160;&#151; Transactions with Affiliates&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;&#147;&#160;&#151; Dividend and Other Payment
    Restrictions Affecting Restricted Subsidiaries&#148;;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;&#147;&#160;&#151; Limitation on Guarantees of
    Indebtedness by Restricted Subsidiaries.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, during any period of time that: (i)&#160;the Senior
    Notes have Investment Grade Ratings from both Rating Agencies
    and (ii)&#160;no Default has occurred and is continuing under
    the Indenture (the occurrence of the events described in the
    foregoing clauses&#160;(i) and (ii)&#160;being collectively
    referred to as a &#147;<I>Covenant Suspension Event</I>&#148;),
    the Issuer and the Restricted Subsidiaries will not be subject
    to the covenant described under &#147;Repurchase at the Option
    of Holders&#160;&#151; Change of Control&#148; (the
    &#147;<I>Suspended Covenant</I>&#148;). In the event that the
    Issuer and the Restricted Subsidiaries are not subject to the
    Suspended Covenant under the Indenture for any period of time as
    a result of the foregoing, and on any subsequent date (the
    &#147;<I>Reversion Date</I>&#148;) one or both of the Rating
    Agencies (a)&#160;withdraw their Investment Grade Rating or
    downgrade the rating assigned to the Senior Notes below an
    Investment Grade Rating
    <FONT style="white-space: nowrap">and/or</FONT>
    (b)&#160;the Issuer or any of its Affiliates enter into an
    agreement to effect a transaction that would result in a Change
    of Control and one or more of the Rating Agencies indicate that
    if consummated, such transaction (alone or together with any
    related recapitalization or refinancing transactions) would
    cause such Rating Agency to withdraw its Investment Grade Rating
    or downgrade the ratings assigned to the Senior Notes below an
    Investment Grade Rating, then the Issuer and the Restricted
    Subsidiaries will thereafter again be subject to the Suspended
    Covenant under the Indenture with respect to future events,
    including, without limitation, a proposed transaction described
    in clause&#160;(b) above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    There can be no assurance that the Senior Notes will ever
    achieve or maintain Investment Grade Ratings.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Limitation
    on Restricted Payments</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will not, and will not permit any of its Restricted
    Subsidiaries to, directly or indirectly:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (I)&#160;declare or pay any dividend or make any payment or
    distribution on account of the Issuer&#146;s, or any of its
    Restricted Subsidiaries&#146; Equity Interests, including any
    dividend or distribution payable in connection with any merger
    or consolidation other than:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;dividends or distributions by the Issuer payable solely
    in Equity Interests (other than Disqualified Stock) of the
    Issuer;&#160;or
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;dividends or distributions by a Restricted Subsidiary
    so long as, in the case of any dividend or distribution payable
    on or in respect of any class or series of securities issued by
    a Restricted Subsidiary other than a Wholly Owned Subsidiary,
    the Issuer or a Restricted Subsidiary receives at least its pro
    rata share of such dividend or distribution in accordance with
    its Equity Interests in such class or series of securities;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (II)&#160;purchase, redeem, defease or otherwise acquire or
    retire for value any Equity Interests of the Issuer or any
    direct or indirect parent of the Issuer, including in connection
    with any merger or consolidation;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (III)&#160;make any principal payment on, or redeem, repurchase,
    defease or otherwise acquire or retire for value in each case,
    prior to any scheduled repayment, sinking fund payment or
    maturity, any Subordinated Indebtedness, other than:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Indebtedness permitted under clauses&#160;(7) and
    (8)&#160;of the covenant described under
    &#147;&#151;&#160;Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock&#148;;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the purchase, repurchase or other acquisition of
    Subordinated Indebtedness purchased in anticipation of
    satisfying a sinking fund obligation, principal installment or
    final maturity, in each case due within one year of the date of
    purchase, repurchase or acquisition;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (IV)&#160;make any Restricted Investment
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (all such payments and other actions set forth in
    clauses&#160;(I) through (IV)&#160;above being collectively
    referred to as &#147;<I>Restricted Payments</I>&#148;), unless,
    at the time of such Restricted Payment:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;no Default shall have occurred and be continuing or
    would occur as a consequence thereof;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;immediately after giving effect to such transaction on
    a <I>pro forma </I>basis, the Issuer could incur $1.00 of
    additional Indebtedness under the provisions of the first
    paragraph of the covenant described under
    &#147;&#151;&#160;Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred
    Stock&#148;;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;such Restricted Payment, together with the aggregate
    amount of all other Restricted Payments made by the Issuer and
    its Restricted Subsidiaries after August&#160;11, 2005
    (including Restricted Payments permitted by clauses (1), (2)
    (with respect to the payment of dividends on Refunding Capital
    Stock (as defined below) pursuant to clause&#160;(b) thereof
    only), (6)(c), (9)&#160;and (14)&#160;of the next succeeding
    paragraph, but excluding all other Restricted Payments permitted
    by the next succeeding paragraph), is less than the sum of
    (without duplication):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;50% of the Consolidated Net Income of the Issuer for
    the period (taken as one accounting period) beginning
    July&#160;1, 2005, to the end of the Issuer&#146;s most recently
    ended fiscal quarter for which internal financial statements are
    available at the time of such Restricted Payment, or, in the
    case such Consolidated Net Income for such period is a deficit,
    minus 100% of such deficit; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;100% of the aggregate net cash proceeds and the fair
    market value, as determined in good faith by the Issuer, of
    marketable securities or other property received by the Issuer
    since immediately after August&#160;11, 2005 (other than net
    cash proceeds to the extent such net cash proceeds have been
    used to incur Indebtedness, Disqualified Stock or Preferred
    Stock pursuant to clause&#160;(12)(a) of the second paragraph of
    &#147;&#151;&#160;Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock&#148;) from
    the issue or sale of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;(A)&#160;Equity Interests of the Issuer, including
    Treasury Capital Stock (as defined below), but excluding cash
    proceeds and the fair market value, as determined in good faith
    by the Issuer, of marketable securities or other property
    received from the sale of: (x)&#160;Equity Interests to members
    of management, directors or consultants of the Issuer, any
    direct or indirect parent company of the Issuer and the
    Issuer&#146;s Subsidiaries after the Issue Date to the extent
    such
</DIV>
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    158
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    amounts have been applied to Restricted Payments made in
    accordance with clause&#160;(4) of the next succeeding
    paragraph; and (y)&#160;Designated Preferred Stock;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 17%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (B)&#160;to the extent such net cash proceeds are actually
    contributed to the Issuer, Equity Interests of the Issuer&#146;s
    direct or indirect parent companies (excluding contributions of
    the proceeds from the sale of Designated Preferred Stock of such
    companies or contributions to the extent such amounts have been
    applied to Restricted Payments made in accordance with
    clause&#160;(4) of the next succeeding paragraph);&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;debt securities of the Issuer that have been converted
    into or exchanged for such Equity Interests of the Issuer;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided</I>, <I>however</I>, that this clause&#160;(b) shall
    not include the proceeds from (W)&#160;Refunding Capital Stock
    (as defined below), (X)&#160;Equity Interests or convertible
    debt securities of the Issuer sold to a Restricted Subsidiary,
    as the case may be, (Y)&#160;Disqualified Stock or debt
    securities that have been converted into Disqualified Stock or
    (Z)&#160;Excluded Contributions; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;100% of the aggregate amount of cash and the fair
    market value, as determined in good faith by the Issuer, of
    marketable securities or other property contributed to the
    capital of the Issuer following August&#160;11, 2005 (other than
    net cash proceeds to the extent such net cash proceeds have been
    used to incur Indebtedness, Disqualified Stock or Preferred
    Stock pursuant to clause (12)(a) of the second paragraph of
    &#147;&#151;&#160;Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock&#148;) (other
    than by a Restricted Subsidiary and other than by any Excluded
    Contributions); <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;100% of the aggregate amount received in cash and the
    fair market value, as determined in good faith by the Issuer, of
    marketable securities or other property received by means of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;the sale or other disposition (other than to the Issuer
    or a Restricted Subsidiary) of Restricted Investments made by
    the Issuer or its Restricted Subsidiaries and repurchases and
    redemptions of such Restricted Investments from the Issuer or
    its Restricted Subsidiaries and repayments of loans or advances,
    and releases of guarantees, which constitute Restricted
    Investments by the Issuer or its Restricted Subsidiaries, in
    each case after August&#160;11, 2005;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;the sale (other than to the Issuer or a Restricted
    Subsidiary) of the stock of an Unrestricted Subsidiary or a
    distribution from an Unrestricted Subsidiary (other than in each
    case to the extent the Investment in such Unrestricted
    Subsidiary was made by the Issuer or a Restricted Subsidiary
    pursuant to clause&#160;(7) of the next succeeding paragraph or
    to the extent such Investment constituted a Permitted
    Investment) or a dividend from an Unrestricted Subsidiary after
    August&#160;11, 2005; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;in the case of the redesignation of an Unrestricted
    Subsidiary as a Restricted Subsidiary after August&#160;11,
    2005, the fair market value of the Investment in such
    Unrestricted Subsidiary, as determined by the Issuer in good
    faith or if, in the case of an Unrestricted Subsidiary, such
    fair market value may exceed $150.0&#160;million, in writing by
    an Independent Financial Advisor, at the time of the
    redesignation of such Unrestricted Subsidiary as a Restricted
    Subsidiary other than an Unrestricted Subsidiary to the extent
    the Investment in such Unrestricted Subsidiary was made by the
    Issuer or a Restricted Subsidiary pursuant to clause&#160;(7) of
    the next succeeding paragraph or to the extent such Investment
    constituted a Permitted Investment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The foregoing provisions will not prohibit:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the payment of any dividend within 60&#160;days after
    the date of declaration thereof, if at the date of declaration
    such payment would have complied with the provisions of the
    Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;(a)&#160;the redemption, repurchase, retirement or
    other acquisition of any Equity Interests (&#147;<I>Treasury
    Capital Stock</I>&#148;) or Subordinated Indebtedness of the
    Issuer or any Equity Interests of any direct or indirect parent
    company of the Issuer, in exchange for, or out of the proceeds
    of the substantially
</DIV>
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    <BR>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    concurrent sale (other than to a Restricted Subsidiary) of,
    Equity Interests of the Issuer or any direct or indirect parent
    company of the Issuer to the extent contributed to the Issuer
    (in each case, other than any Disqualified Stock)
    (&#147;<I>Refunding Capital Stock</I>&#148;) and (b)&#160;if
    immediately prior to the retirement of Treasury Capital Stock,
    the declaration and payment of dividends thereon was permitted
    under clause&#160;(6) of this paragraph, the declaration and
    payment of dividends on the Refunding Capital Stock (other than
    Refunding Capital Stock the proceeds of which were used to
    redeem, repurchase, retire or otherwise acquire any Equity
    Interests of any direct or indirect parent company of the
    Issuer) in an aggregate amount per year no greater than the
    aggregate amount of dividends <I>per annum </I>that were
    declarable and payable on such Treasury Capital Stock
    immediately prior to such retirement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;the redemption, repurchase or other acquisition or
    retirement of Subordinated Indebtedness of the Issuer or a
    Guarantor made by exchange for, or out of the proceeds of the
    substantially concurrent sale of, new Indebtedness of the Issuer
    or a Guarantor, as the case may be, which is incurred in
    compliance with &#147;&#151;&#160;Limitation on Incurrence of
    Indebtedness and Issuance of Disqualified Stock and Preferred
    Stock&#148; so long as:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the principal amount of such new Indebtedness does not
    exceed the principal amount of (or accreted value, if
    applicable), plus any accrued and unpaid interest on, the
    Subordinated Indebtedness being so redeemed, repurchased,
    acquired or retired for value, plus the amount of any reasonable
    premium required to be paid under the terms of the instrument
    governing the Subordinated Indebtedness being so redeemed,
    repurchased, acquired or retired and any reasonable fees and
    expenses incurred in connection with the issuance of such new
    Indebtedness;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;such new Indebtedness is subordinated to the Senior
    Notes or the applicable Guarantee at least to the same extent as
    such Subordinated Indebtedness so purchased, exchanged,
    redeemed, repurchased, acquired or retired for value;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;such new Indebtedness has a final scheduled maturity
    date equal to or later than the final scheduled maturity date of
    the Subordinated Indebtedness being so redeemed, repurchased,
    acquired or retired;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;such new Indebtedness has a Weighted Average Life to
    Maturity equal to or greater than the remaining Weighted Average
    Life to Maturity of the Subordinated Indebtedness being so
    redeemed, repurchased, acquired or retired;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;a Restricted Payment to pay for the repurchase,
    retirement or other acquisition or retirement for value of
    Equity Interests (other than Disqualified Stock) of the Issuer
    or any of its direct or indirect parent companies held by any
    future, present or former employee, director or consultant of
    the Issuer, any of its Subsidiaries or any of its direct or
    indirect parent companies pursuant to any management equity plan
    or stock option plan or any other management or employee benefit
    plan or agreement; <I>provided</I>, <I>however</I>, that the
    aggregate Restricted Payments made under this clause&#160;(4) do
    not exceed in any calendar year $25.0&#160;million (which shall
    increase to $50.0&#160;million subsequent to the consummation of
    an underwritten public Equity Offering by the Issuer or any
    direct or indirect parent corporation of the Issuer) (with
    unused amounts in any calendar year being carried over to
    succeeding calendar years subject to a maximum (without giving
    effect to the following proviso) of $50.0&#160;million in any
    calendar year (which shall increase to $100.0&#160;million
    subsequent to the consummation of an underwritten public Equity
    Offering by the Issuer or any direct or indirect parent
    corporation of the Issuer)); <I>provided further </I>that such
    amount in any calendar year may be increased by an amount not to
    exceed:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the cash proceeds from the sale of Equity Interests
    (other than Disqualified Stock) of the Issuer and, to the extent
    contributed to the Issuer, Equity Interests of any of the
    Issuer&#146;s direct or indirect parent companies, in each case
    to members of management, directors or consultants of the
    Issuer, any of its Subsidiaries or any of its direct or indirect
    parent companies that occurs after the Issue Date, to the extent
    the cash proceeds from the sale of such Equity Interests have
    not otherwise been applied to the payment of Restricted Payments
    by virtue of clause&#160;(3) of the preceding paragraph;
    <I>plus</I>
</DIV>
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    <BR>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the cash proceeds of key man life insurance policies
    received by the Issuer or its Restricted Subsidiaries after the
    Issue Date; <I>less</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;the amount of any Restricted Payments previously made
    with the cash proceeds described in clauses&#160;(a) and
    (b)&#160;of this clause (4);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and <I>provided further </I>that cancellation of Indebtedness
    owing to the Issuer from members of management of the Issuer,
    any of the Issuer&#146;s direct or indirect parent companies or
    any of the Issuer&#146;s Restricted Subsidiaries in connection
    with a repurchase of Equity Interests of the Issuer or any of
    its direct or indirect parent companies will not be deemed to
    constitute a Restricted Payment for purposes of this covenant or
    any other provision of the Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;the declaration and payment of dividends to holders of
    any class or series of Disqualified Stock of the Issuer or any
    of its Restricted Subsidiaries issued in accordance with the
    covenant described under &#147;&#151;&#160;Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock&#148; to the extent such dividends are
    included in the definition of &#147;Fixed Charges&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)(a) the declaration and payment of dividends to holders of
    any class or series of Designated Preferred Stock (other than
    Disqualified Stock) issued by the Issuer after the Issue Date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the declaration and payment of dividends to a direct or
    indirect parent company of the Issuer, the proceeds of which
    will be used to fund the payment of dividends to holders of any
    class or series of Designated Preferred Stock (other than
    Disqualified Stock) of such parent corporation issued after the
    Issue Date, <I>provided </I>that the amount of dividends paid
    pursuant to this clause&#160;(b) shall not exceed the aggregate
    amount of cash actually contributed to the Issuer from the sale
    of such Designated Preferred Stock;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;the declaration and payment of dividends on Refunding
    Capital Stock that is Preferred Stock in excess of the dividends
    declarable and payable thereon pursuant to clause&#160;(2) of
    this paragraph;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided</I>, <I>however</I>, in the case of each of (a),
    (b)&#160;and (c)&#160;of this clause (6), that for the most
    recently ended four full fiscal quarters for which internal
    financial statements are available immediately preceding the
    date of issuance of such Designated Preferred Stock or the
    declaration of such dividends on Refunding Capital Stock that is
    Preferred Stock, after giving effect to such issuance or
    declaration on a <I>pro forma </I>basis, the Issuer and its
    Restricted Subsidiaries on a consolidated basis would have had a
    Fixed Charge Coverage Ratio of at least 2.00 to 1.00;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;Investments in Unrestricted Subsidiaries having an
    aggregate fair market value, taken together with all other
    Investments made pursuant to this clause (7) that are at the
    time outstanding, without giving effect to the sale of an
    Unrestricted Subsidiary to the extent the proceeds of such sale
    do not consist of cash or marketable securities, not to exceed
    2.0% of Total Assets at the time of such Investment (with the
    fair market value of each Investment being measured at the time
    made and without giving effect to subsequent changes in value);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;repurchases of Equity Interests deemed to occur upon
    exercise of stock options or warrants if such Equity Interests
    represent a portion of the exercise price of such options or
    warrants;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;the declaration and payment of dividends on the
    Issuer&#146;s common stock (or the payment of dividends to any
    direct or indirect parent entity to fund a payment of dividends
    on such entity&#146;s common stock), following the first public
    offering of the Issuer&#146;s common stock or the common stock
    of any of its direct or indirect parent companies after the
    Issue Date, of up to 6% <I>per annum </I>of the net cash
    proceeds received by or contributed to the Issuer in or from any
    such public offering, other than public offerings with respect
    to the Issuer&#146;s common stock registered on
    <FONT style="white-space: nowrap">Form&#160;S-8</FONT>
    and other than any public sale constituting an Excluded
    Contribution;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;Restricted Payments that are made with Excluded
    Contributions;
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;other Restricted Payments in an aggregate amount taken
    together with all other Restricted Payments made pursuant to
    this clause (11) not to exceed the greater of
    (x)&#160;$275.0&#160;million or (y)&#160;1.875% of Total Assets
    at the time made;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (12)&#160;distributions or payments of Receivables Fees;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (13)&#160;any Restricted Payment used to fund the Transaction
    and the fees and expenses related thereto or owed to Affiliates,
    in each case to the extent permitted by the covenant described
    under &#147;&#151;&#160;Transactions with Affiliates&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (14)&#160;the repurchase, redemption or other acquisition or
    retirement for value of any Subordinated Indebtedness pursuant
    to the provisions similar to those described under the captions
    &#147;Repurchase at the Option of Holders&#160;&#151; Change of
    Control&#148; and &#147;Repurchase at the Option of
    Holders&#160;&#151; Asset Sales&#148;; <I>provided </I>that all
    Senior Notes tendered by Holders in connection with a Change of
    Control Offer or Asset Sale Offer, as applicable, have been
    repurchased, redeemed or acquired for value;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (15)&#160;the declaration and payment of dividends by the Issuer
    to, or the making of loans to, any direct or indirect parent in
    amounts required for any direct or indirect parent companies to
    pay, in each case without duplication,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;franchise taxes and other fees, taxes and expenses
    required to maintain their corporate existence;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;federal, state and local income taxes, to the extent
    such income taxes are attributable to the income of the Issuer
    and its Restricted Subsidiaries and, to the extent of the amount
    actually received from its Unrestricted Subsidiaries, in amounts
    required to pay such taxes to the extent attributable to the
    income of such Unrestricted Subsidiaries; <I>provided</I> that
    in each case the amount of such payments in any fiscal year does
    not exceed the amount that the Issuer and its Restricted
    Subsidiaries would be required to pay in respect of federal,
    state and local taxes for such fiscal year were the Issuer, its
    Restricted Subsidiaries and its Unrestricted Subsidiaries (to
    the extent described above) to pay such taxes separately from
    any such parent entity;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;customary salary, bonus and other benefits payable to
    officers and employees of any direct or indirect parent company
    of the Issuer to the extent such salaries, bonuses and other
    benefits are attributable to the ownership or operation of the
    Issuer and its Restricted Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;general corporate operating and overhead costs and
    expenses of any direct or indirect parent company of the Issuer
    to the extent such costs and expenses are attributable to the
    ownership or operation of the Issuer and its Restricted
    Subsidiaries;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;fees and expenses other than to Affiliates of the
    Issuer related to any unsuccessful equity or debt offering of
    such parent entity;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (16)&#160;the distribution, dividend or otherwise, of shares of
    Capital Stock of, or Indebtedness owed to the Issuer or a
    Restricted Subsidiary by Unrestricted Subsidiaries (other than
    Unrestricted Subsidiaries, the primary assets of which are cash
    <FONT style="white-space: nowrap">and/or</FONT> Cash
    Equivalents);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided</I>, <I>however</I>, that at the time of, and after
    giving effect to, any Restricted Payment permitted under
    clauses&#160;(11) and (16), no Default shall have occurred and
    be continuing or would occur as a consequence thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of the Issue Date, all of the Issuer&#146;s Subsidiaries will
    be Restricted Subsidiaries. The Issuer will not permit any
    Unrestricted Subsidiary to become a Restricted Subsidiary except
    pursuant to the last sentence of the definition of
    &#147;Unrestricted Subsidiary.&#148; For purposes of designating
    any Restricted Subsidiary as an Unrestricted Subsidiary, all
    outstanding Investments by the Issuer and its Restricted
    Subsidiaries (except to the extent repaid) in the Subsidiary so
    designated will be deemed to be Restricted Payments in an amount
    determined as set forth in the last sentence of the definition
    of &#147;Investment.&#148; Such designation will be permitted
    only if a Restricted Payment in such amount would be permitted
    at such time, whether pursuant to the first paragraph of this
    covenant or under clause (7), (10), (11)&#160;or (16)&#160;of
    the second paragraph of this
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    covenant, or pursuant to the definition of &#147;Permitted
    Investments,&#148; and if such Subsidiary otherwise meets the
    definition of an Unrestricted Subsidiary. Unrestricted
    Subsidiaries will not be subject to any of the restrictive
    covenants set forth in the Indenture.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Limitation
    on Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will not, and will not permit any of its Restricted
    Subsidiaries to, directly or indirectly, create, incur, issue,
    assume, guarantee or otherwise become directly or indirectly
    liable, contingently or otherwise (collectively,
    &#147;<I>incur</I>&#148; and collectively, an
    &#147;<I>incurrence</I>&#148;) with respect to any Indebtedness
    (including Acquired Indebtedness) and the Issuer will not issue
    any shares of Disqualified Stock and will not permit any
    Restricted Subsidiary to issue any shares of Disqualified Stock
    or Preferred Stock; <I>provided</I>, <I>however</I>, that the
    Issuer may incur Indebtedness (including Acquired Indebtedness)
    or issue shares of Disqualified Stock, and any of its Restricted
    Subsidiaries may incur Indebtedness (including Acquired
    Indebtedness), issue shares of Disqualified Stock and issue
    shares of Preferred Stock, if the Fixed Charge Coverage Ratio on
    a consolidated basis for the Issuer and its Restricted
    Subsidiaries&#146; most recently ended four fiscal quarters for
    which internal financial statements are available immediately
    preceding the date on which such additional Indebtedness is
    incurred or such Disqualified Stock or Preferred Stock is issued
    would have been at least 2.00 to 1.00, determined on a <I>pro
    forma </I>basis (including a <I>pro forma </I>application of the
    net proceeds therefrom), as if the additional Indebtedness had
    been incurred, or the Disqualified Stock or Preferred Stock had
    been issued, as the case may be, and the application of proceeds
    therefrom had occurred at the beginning of such four-quarter
    period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The foregoing limitations will not apply to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the incurrence of Indebtedness under Credit Facilities
    by the Issuer or any of its Restricted Subsidiaries and the
    issuance and creation of letters of credit and bankers&#146;
    acceptances thereunder (with letters of credit and bankers&#146;
    acceptances being deemed to have a principal amount equal to the
    face amount thereof), up to an aggregate principal amount of
    $5,750.0&#160;million outstanding at any one time, less up to
    $1,000.0&#160;million in the aggregate of mandatory principal
    payments actually made by the borrower thereunder in respect of
    Indebtedness thereunder with Net Proceeds from an Asset Sale or
    series of related Asset Sales that constitutes the sale,
    transfer, conveyance or other disposition of all or
    substantially all of a segment (as defined under GAAP) of the
    Issuer (other than any segment predominantly composed of assets
    acquired by the Issuer or its Restricted Subsidiaries subsequent
    to the Issue Date);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the incurrence by the Issuer and any Guarantor of
    Indebtedness represented by the Senior Notes (including any
    Guarantee) (other than any Additional Senior Notes);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;Indebtedness of the Issuer and its Restricted
    Subsidiaries in existence on the Issue Date (other than
    Indebtedness described in clauses&#160;(1) and (2));
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;Indebtedness (including Capitalized Lease Obligations),
    Disqualified Stock and Preferred Stock incurred by the Issuer or
    any of its Restricted Subsidiaries, to finance the purchase,
    lease or improvement of property (real or personal) or equipment
    (other than software) that is used or useful in a Similar
    Business, whether through the direct purchase of assets or the
    Capital Stock of any Person owning such assets;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;Indebtedness incurred by the Issuer or any of its
    Restricted Subsidiaries constituting reimbursement obligations
    with respect to letters of credit issued in the ordinary course
    of business, including letters of credit in respect of
    workers&#146; compensation claims, or other Indebtedness with
    respect to reimbursement type obligations regarding
    workers&#146; compensation claims; <I>provided</I>,
    <I>however</I>, that upon the drawing of such letters of credit
    or the incurrence of such Indebtedness, such obligations are
    reimbursed within 30&#160;days following such drawing or
    incurrence;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;Indebtedness arising from agreements of the Issuer or
    its Restricted Subsidiaries providing for indemnification,
    adjustment of purchase price or similar obligations, in each
    case, incurred or assumed in connection with the disposition of
    any business, assets or a Subsidiary, other than guarantees of
</DIV>
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    <BR>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Indebtedness incurred by any Person acquiring all or any portion
    of such business, assets or a Subsidiary for the purpose of
    financing such acquisition; <I>provided</I>, <I>however</I>, that
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;such Indebtedness is not reflected on the balance sheet
    of the Issuer, or any of its Restricted Subsidiaries (contingent
    obligations referred to in a footnote to financial statements
    and not otherwise reflected on the balance sheet will not be
    deemed to be reflected on such balance sheet for purposes of
    this clause (6)(a));&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the maximum assumable liability in respect of all such
    Indebtedness shall at no time exceed the gross proceeds
    including non-cash proceeds (the fair market value of such
    non-cash proceeds being measured at the time received and
    without giving effect to any subsequent changes in value)
    actually received by the Issuer and its Restricted Subsidiaries
    in connection with such disposition;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;Indebtedness of the Issuer to a Restricted Subsidiary;
    <I>provided </I>that any such Indebtedness owing to a Restricted
    Subsidiary that is not a Guarantor is expressly subordinated in
    right of payment to the Senior Notes; <I>provided further
    </I>that any subsequent issuance or transfer of any Capital
    Stock or any other event which results in any Restricted
    Subsidiary ceasing to be a Restricted Subsidiary or any other
    subsequent transfer of any such Indebtedness (except to the
    Issuer or another Restricted Subsidiary) shall be deemed, in
    each case, to be an incurrence of such Indebtedness;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;Indebtedness of a Restricted Subsidiary to the Issuer
    or another Restricted Subsidiary; <I>provided </I>that if a
    Guarantor incurs such Indebtedness to a Restricted Subsidiary
    that is not a Guarantor, such Indebtedness is expressly
    subordinated in right of payment to the Guarantee of the Senior
    Notes of such Guarantor; <I>provided further </I>that any
    subsequent transfer of any such Indebtedness (except to the
    Issuer or another Restricted Subsidiary) shall be deemed, in
    each case, to be an incurrence of such Indebtedness;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;shares of Preferred Stock of a Restricted Subsidiary
    issued to the Issuer or another Restricted Subsidiary,
    <I>provided </I>that any subsequent issuance or transfer of any
    Capital Stock or any other event which results in any such
    Restricted Subsidiary ceasing to be a Restricted Subsidiary or
    any other subsequent transfer of any such shares of Preferred
    Stock (except to the Issuer or another of its Restricted
    Subsidiaries) shall be deemed in each case to be an issuance of
    such shares of Preferred Stock;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;Hedging Obligations (excluding Hedging Obligations
    entered into for speculative purposes) for the purpose of
    limiting interest rate risk with respect to any Indebtedness
    permitted to be incurred pursuant to
    &#147;&#151;&#160;Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock,&#148;
    exchange rate risk or commodity pricing risk;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;obligations in respect of performance, bid, appeal and
    surety bonds and completion guarantees provided by the Issuer or
    any of its Restricted Subsidiaries in the ordinary course of
    business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (12)&#160;(a)&#160;Indebtedness or Disqualified Stock of the
    Issuer and Indebtedness, Disqualified Stock or Preferred Stock
    of the Issuer or any Restricted Subsidiary equal to 200.0% of
    the net cash proceeds received by the Issuer since immediately
    after the Issue Date from the issue or sale of Equity Interests
    of the Issuer or cash contributed to the capital of the Issuer
    (in each case, other than proceeds of Disqualified Stock or
    sales of Equity Interests to the Issuer or any of its
    Subsidiaries) as determined in accordance with clauses (3)(b)
    and (3)(c) of the first paragraph of
    &#147;&#151;&#160;Limitation on Restricted Payments&#148; to the
    extent such net cash proceeds or cash have not been applied
    pursuant to such clauses to make Restricted Payments or to make
    other Investments, payments or exchanges pursuant to the second
    paragraph of &#147;&#151;&#160;Limitation on Restricted
    Payments&#148; or to make Permitted Investments (other than
    Permitted Investments specified in clauses&#160;(1) and
    (3)&#160;of the definition thereof) and (b)&#160;Indebtedness or
    Disqualified Stock of Issuer and Indebtedness, Disqualified
    Stock or Preferred Stock of the Issuer or any Restricted
    Subsidiary not otherwise permitted hereunder in an aggregate
    principal amount or liquidation preference, which when
    aggregated with the principal amount and liquidation preference
    of all other Indebtedness, Disqualified Stock and Preferred
    Stock then outstanding and incurred pursuant to this clause
    (12)(b), does not at any one time outstanding exceed
    $600.0&#160;million (it being understood that any Indebtedness,
    Disqualified Stock or Preferred Stock incurred pursuant to this
    clause (12)(b) shall cease to be deemed incurred or outstanding
    for purposes of this clause (12)(b) but shall be deemed incurred
    for
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the purposes of the first paragraph of this covenant from and
    after the first date on which the Issuer or such Restricted
    Subsidiary could have incurred such Indebtedness, Disqualified
    Stock or Preferred Stock under the first paragraph of this
    covenant without reliance on this clause (12)(b));
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (13)&#160;the incurrence by the Issuer or any Restricted
    Subsidiary, of the Issuer of Indebtedness, Disqualified Stock or
    Preferred Stock which serves to refund or refinance any
    Indebtedness, Disqualified Stock or Preferred Stock incurred as
    permitted under the first paragraph of this covenant and clauses
    (2), (3)&#160;and (12)(a) above, this clause&#160;(13) and
    clause&#160;(14) below or any Indebtedness, Disqualified Stock
    or Preferred Stock issued to so refund or refinance such
    Indebtedness, Disqualified Stock or Preferred Stock including
    additional Indebtedness, Disqualified Stock or Preferred Stock
    incurred to pay premiums (including reasonable tender premiums),
    defeasance costs and fees in connection therewith (the
    &#147;<I>Refinancing Indebtedness</I>&#148;) prior to its
    respective maturity; <I>provided</I>, <I>however</I>, that such
    Refinancing Indebtedness:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;has a Weighted Average Life to Maturity at the time
    such Refinancing Indebtedness is incurred which is not less than
    the remaining Weighted Average Life to Maturity of the
    Indebtedness, Disqualified Stock or Preferred Stock being
    refunded or refinanced,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;to the extent such Refinancing Indebtedness refinances
    (i)&#160;Indebtedness subordinated or <I>pari passu </I>to the
    Senior Notes or any Guarantee thereof, such Refinancing
    Indebtedness is subordinated or <I>pari passu </I>to the Senior
    Notes or the Guarantee at least to the same extent as the
    Indebtedness being refinanced or refunded or
    (ii)&#160;Disqualified Stock or Preferred Stock, such
    Refinancing Indebtedness must be Disqualified Stock or Preferred
    Stock, respectively,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;shall not include:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;Indebtedness, Disqualified Stock or Preferred Stock of
    a Subsidiary of the Issuer that is not a Guarantor that
    refinances Indebtedness, Disqualified Stock or Preferred Stock
    of the Issuer;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;Indebtedness, Disqualified Stock or Preferred Stock of
    a Subsidiary of the Issuer, that is not a Guarantor that
    refinances Indebtedness, Disqualified Stock or Preferred Stock
    of a Guarantor;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iii)&#160;Indebtedness, Disqualified Stock or Preferred Stock
    of the Issuer or a Restricted Subsidiary that refinances
    Indebtedness, Disqualified Stock or Preferred Stock of an
    Unrestricted Subsidiary;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and <I>provided further </I>that subclause&#160;(a) of this
    clause&#160;(13) will not apply to any refunding or refinancing
    of any Indebtedness outstanding under a Credit Facility;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (14)&#160;Indebtedness, Disqualified Stock or Preferred Stock of
    (x)&#160;the Issuer or a Restricted Subsidiary incurred to
    finance an acquisition or (y)&#160;Persons that are acquired by
    the Issuer or any Restricted Subsidiary or merged into the
    Issuer or a Restricted Subsidiary in accordance with the terms
    of the Indenture; <I>provided </I>that either
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;such Indebtedness, Disqualified Stock or Preferred
    Stock:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;is not Secured Indebtedness and is subordinated to the
    Senior Notes on terms no less favorable to the Holders thereof
    than the subordination terms set forth in the indenture
    governing the Existing Senior Subordinated Notes as in effect on
    the Issue Date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;is not incurred while a Default exists and no Default
    shall result therefrom;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;matures and does not require any payment of principal
    prior to the final maturity of the Senior Notes (other than in a
    manner consistent with the terms of the Indenture);&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;in the case of clause (y), is not incurred in
    contemplation of such acquisition or merger;&#160;or
</DIV>
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;after giving effect to such acquisition or merger,
    either
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the Issuer would be permitted to incur at least $1.00
    of additional Indebtedness pursuant to the Fixed Charge Coverage
    Ratio test set forth in the first sentence of this
    covenant,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the Fixed Charge Coverage Ratio of the Issuer and the
    Restricted Subsidiaries is greater than immediately prior to
    such acquisition or merger;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (15)&#160;Indebtedness arising from the honoring by a bank or
    other financial institution of a check, draft or similar
    instrument drawn against insufficient funds in the ordinary
    course of business, <I>provided </I>that such Indebtedness is
    extinguished within two Business Days of its incurrence;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (16)&#160;Indebtedness of the Issuer or any of its Restricted
    Subsidiaries supported by a letter of credit issued pursuant to
    the Credit Facilities, in a principal amount not in excess of
    the stated amount of such letter of credit;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (17)(a) any guarantee by the Issuer or a Restricted Subsidiary
    of Indebtedness or other obligations of any Restricted
    Subsidiary so long as the incurrence of such Indebtedness
    incurred by such Restricted Subsidiary is permitted under the
    terms of the Indenture,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;any guarantee by a Restricted Subsidiary of
    Indebtedness of the Issuer <I>provided </I>that such guarantee
    is incurred in accordance with the covenant described below
    under &#147;&#151;&#160;Limitation on Guarantees of Indebtedness
    by Restricted Subsidiaries&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (18)&#160;Indebtedness of Foreign Subsidiaries of the Issuer
    incurred not to exceed at any one time outstanding and together
    with any other Indebtedness incurred under this clause&#160;(18)
    5.0% of the Total Assets of the Foreign Subsidiaries (it being
    understood that any Indebtedness incurred pursuant to this
    clause&#160;(18) shall cease to be deemed incurred or
    outstanding for purposes of this clause&#160;(18) but shall be
    deemed incurred for the purposes of the first paragraph of this
    covenant from and after the first date on which the Issuer or
    such Restricted Subsidiary could have incurred such Indebtedness
    under the first paragraph of this covenant without reliance on
    this clause (18));
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (19)&#160;Indebtedness, Disqualified Stock or Preferred Stock of
    a Restricted Subsidiary incurred to finance or assumed in
    connection with an acquisition in a principal amount not to
    exceed $200.0&#160;million in the aggregate at any one time
    outstanding together with all other Indebtedness, Disqualified
    Stock <FONT style="white-space: nowrap">and/or</FONT>
    Preferred Stock issued under this clause (19) (it being
    understood that any Indebtedness, Disqualified Stock or
    Preferred Stock incurred pursuant to this clause&#160;(19) shall
    cease to be deemed incurred or outstanding for purposes of this
    clause&#160;(19) but shall be deemed incurred for the purposes
    of the first paragraph of this covenant from and after the first
    date on which such Restricted Subsidiary could have incurred
    such Indebtedness, Disqualified Stock or Preferred Stock under
    the first paragraph of this covenant without reliance on this
    clause (19));
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (20)&#160;Indebtedness of the Issuer or any of its Restricted
    Subsidiaries consisting of (i)&#160;the financing of insurance
    premiums or
    <FONT style="white-space: nowrap">(ii)&#160;take-or-pay</FONT>
    obligations contained in supply arrangements in each case,
    incurred in the ordinary course of business;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (21)&#160;Indebtedness consisting of Indebtedness issued by the
    Issuer or any of its Restricted Subsidiaries to current or
    former officers, directors and employees thereof, their
    respective estates, spouses or former spouses, in each case to
    finance the purchase or redemption of Equity Interests of the
    Issuer or any direct or indirect parent company of the Issuer to
    the extent described in clause&#160;(4) of the second paragraph
    under the caption &#147;&#151;&#160;Limitation on Restricted
    Payments.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of determining compliance with this covenant:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;in the event that an item of Indebtedness, Disqualified
    Stock or Preferred Stock (or any portion thereof) meets the
    criteria of more than one of the categories of permitted
    Indebtedness, Disqualified Stock or Preferred Stock described in
    clauses&#160;(1) through (21)&#160;above or is entitled to be
    incurred pursuant to the first paragraph of this covenant, the
    Issuer, in its sole discretion, will classify or reclassify such
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    item of Indebtedness, Disqualified Stock or Preferred Stock (or
    any portion thereof) and will only be required to include the
    amount and type of such Indebtedness, Disqualified Stock or
    Preferred Stock in one of the above clauses; <I>provided
    </I>that all Indebtedness outstanding under the Credit
    Facilities on the Issue Date will be treated as incurred on the
    Issue Date under clause&#160;(1) of the preceding
    paragraph;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;at the time of incurrence, the Issuer will be entitled
    to divide and classify an item of Indebtedness in more than one
    of the types of Indebtedness described in the first and second
    paragraphs above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Accrual of interest, the accretion of accreted value and the
    payment of interest in the form of additional Indebtedness,
    Disqualified Stock or Preferred Stock will not be deemed to be
    an incurrence of Indebtedness, Disqualified Stock or Preferred
    Stock for purposes of this covenant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of determining compliance with any
    U.S.&#160;dollar-denominated restriction on the incurrence of
    Indebtedness, the U.S.&#160;dollar-equivalent principal amount
    of Indebtedness denominated in a foreign currency shall be
    calculated based on the relevant currency exchange rate in
    effect on the date such Indebtedness was incurred, in the case
    of term debt, or first committed, in the case of revolving
    credit debt; <I>provided </I>that if such Indebtedness is
    incurred to refinance other Indebtedness denominated in a
    foreign currency, and such refinancing would cause the
    applicable U.S.&#160;dollar denominated restriction to be
    exceeded if calculated at the relevant currency exchange rate in
    effect on the date of such refinancing, such
    <FONT style="white-space: nowrap">U.S.&#160;dollar-denominated</FONT>
    restriction shall be deemed not to have been exceeded so long as
    the principal amount of such refinancing Indebtedness does not
    exceed the principal amount of such Indebtedness being
    refinanced.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The principal amount of any Indebtedness incurred to refinance
    other Indebtedness, if incurred in a different currency from the
    Indebtedness being refinanced, shall be calculated based on the
    currency exchange rate applicable to the currencies in which
    such respective Indebtedness is denominated that is in effect on
    the date of such refinancing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture will provide that the Issuer will not, and will
    not permit any Guarantor to, directly or indirectly, incur any
    Indebtedness (including Acquired Indebtedness) that is
    subordinated or junior in right of payment to any Indebtedness
    of the Issuer or such Guarantor, as the case may be, unless such
    Indebtedness is expressly subordinated in right of payment to
    the Senior Notes or such Guarantor&#146;s Guarantee to the
    extent and in the same manner as such Indebtedness is
    subordinated to other Indebtedness of the Issuer or such
    Guarantor, as the case may be.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture will not treat (1)&#160;unsecured Indebtedness as
    subordinated or junior to Secured Indebtedness merely because it
    is unsecured or (2)&#160;Senior Indebtedness as subordinated or
    junior to any other Senior Indebtedness merely because it has a
    junior priority with respect to the same collateral.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Liens</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will not, and will not permit any Guarantor to,
    directly or indirectly, create, incur, assume or suffer to exist
    any Lien (except Permitted Liens) that secures obligations under
    any Indebtedness or any related Guarantee, on any asset or
    property of the Issuer or any Guarantor, or any income or
    profits therefrom, or assign or convey any right to receive
    income therefrom, unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;in the case of Liens securing Subordinated
    Indebtedness, the Senior Notes and related Guarantees are
    secured by a Lien on such property, assets or proceeds that is
    senior in priority to such Liens;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;in all other cases, the Senior Notes or the Guarantees
    are equally and ratably secured, except that the foregoing shall
    not apply to (a)&#160;Liens securing the Senior Notes and the
    related Guarantees, (b)&#160;Liens securing Indebtedness
    permitted to be incurred under Credit Facilities, including any
    letter of credit facility relating thereto, that was permitted
    by the terms of the Indenture to be incurred pursuant to
    clause&#160;(1) of the second paragraph under
    &#147;&#151;&#160;Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock&#148; and
    (c)&#160;Liens incurred to secure Obligations in respect of any
    Indebtedness permitted to be incurred pursuant to the covenant
    described above under &#147;&#151;&#160;Limitation on Incurrence
    of Indebtedness and Issuance of Disqualified Stock and Preferred
    Stock&#148;; <I>provided </I>that, with
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    respect to Liens securing Obligations permitted under this
    subclause (c), at the time of incurrence and after giving <I>pro
    forma </I>effect thereto, the Consolidated Secured Debt Ratio
    would be no greater than 4.0 to 1.0.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Merger,
    Consolidation or Sale of All or Substantially All
    Assets</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer may not consolidate or merge with or into or wind up
    into (whether or not the Issuer is the surviving corporation),
    or sell, assign, transfer, lease, convey or otherwise dispose of
    all or substantially all of its properties or assets, in one or
    more related transactions, to any Person unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the Issuer is the surviving corporation or the Person
    formed by or surviving any such consolidation or merger (if
    other than the Issuer) or to which such sale, assignment,
    transfer, lease, conveyance or other disposition will have been
    made is a corporation organized or existing under the laws of
    the jurisdiction of organization of the Issuer or the laws of
    the United States, any state thereof, the District of Columbia,
    or any territory thereof (such Person, as the case may be, being
    herein called the &#147;<I>Successor Company</I>&#148;);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the Successor Company, if other than the Issuer,
    expressly assumes all the obligations of the Issuer under the
    Senior Notes pursuant to supplemental indentures or other
    documents or instruments in form reasonably satisfactory to the
    Trustee;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;immediately after such transaction, no Default exists;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;immediately after giving <I>pro forma </I>effect to
    such transaction and any related financing transactions, as if
    such transactions had occurred at the beginning of the
    applicable four-quarter period,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the Successor Company would be permitted to incur at
    least $1.00 of additional Indebtedness pursuant to the Fixed
    Charge Coverage Ratio test set forth in the first sentence of
    the covenant described under &#147;&#151;&#160;Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock,&#148;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the Fixed Charge Coverage Ratio for the Successor
    Company, the Issuer and its Restricted Subsidiaries would be
    greater than such Ratio for the Issuer and its Restricted
    Subsidiaries immediately prior to such transaction;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;each Guarantor, unless it is the other party to the
    transactions described above, in which case clause&#160;(b) of
    the second succeeding paragraph shall apply, shall have by
    supplemental indenture confirmed that its Guarantee shall apply
    to such Person&#146;s obligations under the Indenture, the
    Senior Notes and the Registration Rights Agreement;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;the Issuer shall have delivered to the Trustee an
    Officer&#146;s Certificate and an Opinion of Counsel, each
    stating that such consolidation, merger or transfer and such
    supplemental indentures, if any, comply with the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Successor Company will succeed to, and be substituted for
    the Issuer, as the case may be, under the Indenture, the
    Guarantees and the Senior Notes, as applicable. Notwithstanding
    the foregoing clauses&#160;(3) and (4),
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any Restricted Subsidiary may consolidate with or merge
    into or transfer all or part of its properties and assets to the
    Issuer, and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the Issuer may merge with an Affiliate of the Issuer,
    as the case may be, solely for the purpose of reincorporating
    the Issuer in a State of the United States so long as the amount
    of Indebtedness of the Issuer and its Restricted Subsidiaries is
    not increased thereby.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subject to certain limitations described in the Indenture
    governing release of a Guarantee upon the sale, disposition or
    transfer of a guarantor, no Guarantor will, and the Issuer will
    not permit any Guarantor to, consolidate or merge with or into
    or wind up into (whether or not the Issuer or Guarantor is the
    surviving
</DIV>
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    <BR>
    168
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    corporation), or sell, assign, transfer, lease, convey or
    otherwise dispose of all or substantially all of its properties
    or assets, in one or more related transactions, to any Person
    unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)(a) such Guarantor is the surviving corporation or the Person
    formed by or surviving any such consolidation or merger (if
    other than such Guarantor) or to which such sale, assignment,
    transfer, lease, conveyance or other disposition will have been
    made is a corporation organized or existing under the laws of
    the jurisdiction of organization of such Guarantor, as the case
    may be, or the laws of the United States, any state thereof, the
    District of Columbia, or any territory thereof (such Guarantor
    or such Person, as the case may be, being herein called the
    &#147;<I>Successor Person</I>&#148;);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the Successor Person, if other than such Guarantor,
    expressly assumes all the obligations of such Guarantor under
    the Indenture and such Guarantor&#146;s related Guarantee
    pursuant to supplemental indentures or other documents or
    instruments in form reasonably satisfactory to the Trustee;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;immediately after such transaction, no Default
    exists;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;the Issuer shall have delivered to the Trustee an
    Officer&#146;s Certificate and an Opinion of Counsel, each
    stating that such consolidation, merger or transfer and such
    supplemental indentures, if any, comply with the Indenture; or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the transaction is made in compliance with the covenant
    described under &#147;Repurchase at the Option of
    Holders&#160;&#151; Asset Sales.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subject to certain limitations described in the Indenture, the
    Successor Person will succeed to, and be substituted for, such
    Guarantor under the Indenture and such Guarantor&#146;s
    Guarantee. Notwithstanding the foregoing, any Guarantor may
    merge into or transfer all or part of its properties and assets
    to another Guarantor or the Issuer.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Transactions
    with Affiliates</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will not, and will not permit any of its Restricted
    Subsidiaries to, make any payment to, or sell, lease, transfer
    or otherwise dispose of any of its properties or assets to, or
    purchase any property or assets from, or enter into or make or
    amend any transaction, contract, agreement, understanding, loan,
    advance or guarantee with, or for the benefit of, any Affiliate
    of the Issuer (each of the foregoing, an &#147;<I>Affiliate
    Transaction</I>&#148;) involving aggregate payments or
    consideration in excess of $20.0&#160;million, unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;such Affiliate Transaction is on terms that are not
    materially less favorable to the Issuer or its relevant
    Restricted Subsidiary than those that would have been obtained
    in a comparable transaction by the Issuer or such Restricted
    Subsidiary with an unrelated Person on an arm&#146;s-length
    basis;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the Issuer delivers to the Trustee with respect to any
    Affiliate Transaction or series of related Affiliate
    Transactions involving aggregate payments or consideration in
    excess of $50.0&#160;million, a resolution adopted by the
    majority of the board of directors of the Issuer approving such
    Affiliate Transaction and set forth in an Officer&#146;s
    Certificate certifying that such Affiliate Transaction complies
    with clause&#160;(1) above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The foregoing provisions will not apply to the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;transactions between or among the Issuer or any of its
    Restricted Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;Restricted Payments permitted by the provisions of the
    Indenture described above under the covenant
    &#147;&#151;&#160;Limitation on Restricted Payments&#148; and
    the definition of &#147;Permitted Investments&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;the payment of management, consulting, monitoring and
    advisory fees and related expenses to the Investors pursuant to
    the Sponsor Management Agreement in an aggregate amount in any
    fiscal year not to exceed 1% of EBITDA for such fiscal year
    (calculated, solely for the purpose of this clause (3), assuming
    (a)&#160;that such fees and related expenses had not been paid,
    when calculating Net Income, and (b)&#160;without giving effect
    to clause&#160;(h) of the definition of EBITDA) (plus any unpaid
    management, consulting, monitoring and advisory fees and related
    expenses within such amount accrued in any prior
</DIV>
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    <BR>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    year) and the termination fees pursuant to the Sponsor
    Management Agreement not to exceed the amount set forth in the
    Sponsor Management Agreement as in effect on the Issue Date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;the payment of reasonable and customary fees paid to,
    and indemnities provided on behalf of, officers, directors,
    employees or consultants of Issuer, any of its direct or
    indirect parent companies or any of its Restricted Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;transactions in which the Issuer or any of its
    Restricted Subsidiaries, as the case may be, delivers to the
    Trustee a letter from an Independent Financial Advisor stating
    that such transaction is fair to the Issuer or such Restricted
    Subsidiary from a financial point of view or stating that the
    terms are not materially less favorable to the Issuer or its
    relevant Restricted Subsidiary than those that would have been
    obtained in a comparable transaction by the Issuer or such
    Restricted Subsidiary with an unrelated Person on an
    arm&#146;s-length basis;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;any agreement as in effect as of the Issue Date, or any
    amendment thereto (so long as any such amendment is not
    disadvantageous to the Holders when taken as a whole as compared
    to the applicable agreement as in effect on the Issue Date);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;the existence of, or the performance by the Issuer or
    any of its Restricted Subsidiaries of its obligations under the
    terms of, any stockholders agreement (including any registration
    rights agreement or purchase agreement related thereto) to which
    it is a party as of the Issue Date and any similar agreements
    which it may enter into thereafter; <I>provided</I>,
    <I>however</I>, that the existence of, or the performance by the
    Issuer or any of its Restricted Subsidiaries of obligations
    under any future amendment to any such existing agreement or
    under any similar agreement entered into after the Issue Date
    shall only be permitted by this clause&#160;(7) to the extent
    that the terms of any such amendment or new agreement are not
    otherwise disadvantageous to the Holders when taken as a whole;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;the Transaction and the payment of all fees and
    expenses related to the Transaction, in each case as described
    in this offering circular;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;transactions with customers, clients, suppliers, or
    purchasers or sellers of goods or services, in each case in the
    ordinary course of business and otherwise in compliance with the
    terms of the Indenture which are fair to the Issuer and its
    Restricted Subsidiaries, in the reasonable determination of the
    board of directors of the Issuer or the senior management
    thereof, or are on terms at least as favorable as might
    reasonably have been obtained at such time from an unaffiliated
    party;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;the issuance of Equity Interests (other than
    Disqualified Stock) of the Issuer to any Permitted Holder or to
    any director, officer, employee or consultant;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;sales of accounts receivable, or participations
    therein, in connection with any Receivables Facility;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (12)&#160;payments by the Issuer or any of its Restricted
    Subsidiaries to any of the Investors made for any financial
    advisory, financing, underwriting or placement services or in
    respect of other investment banking activities, including,
    without limitation, in connection with acquisitions or
    divestitures which payments are approved by a majority of the
    board of directors of the Issuer in good faith;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (13)&#160;payments or loans (or cancellation of loans) to
    employees or consultants of the Issuer, any of its direct or
    indirect parent companies or any of its Restricted Subsidiaries
    and employment agreements, stock option plans and other similar
    arrangements with such employees or consultants which, in each
    case, are approved by the Issuer in good faith;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (14)&#160;investments by the Investors in securities of the
    Issuer or any of its Restricted Subsidiaries so long as
    (i)&#160;the investment is being offered generally to other
    investors on the same or more favorable terms and (ii)&#160;the
    investment constitutes less than 5% of the proposed or
    outstanding issue amount of such class of securities.
</DIV>
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    <BR>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Dividend
    and Other Payment Restrictions Affecting Restricted
    Subsidiaries</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will not, and will not permit any of its Restricted
    Subsidiaries that are not Guarantors to, directly or indirectly,
    create or otherwise cause or suffer to exist or become effective
    any consensual encumbrance or consensual restriction on the
    ability of any such Restricted Subsidiary to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)(a) pay dividends or make any other distributions to the
    Issuer or any of its Restricted Subsidiaries on its Capital
    Stock or with respect to any other interest or participation in,
    or measured by, its profits, or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b) pay any Indebtedness owed to the Issuer or any of its
    Restricted Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;make loans or advances to the Issuer or any of its
    Restricted Subsidiaries;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;sell, lease or transfer any of its properties or assets
    to the Issuer or any of its Restricted Subsidiaries,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    except (in each case) for such encumbrances or restrictions
    existing under or by reason of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;contractual encumbrances or restrictions in effect on
    the Issue Date, including pursuant to the Senior Credit
    Facilities and the related documentation and the indentures
    governing the Existing Senior Notes, the Existing Senior Secured
    Notes and the Existing Senior Subordinated Notes and the related
    documentation;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the Indenture and the Senior Notes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;purchase money obligations for property acquired in the
    ordinary course of business that impose restrictions of the
    nature discussed in clause&#160;(3) above on the property so
    acquired;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;applicable law or any applicable rule, regulation or
    order;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;any agreement or other instrument of a Person acquired
    by the Issuer or any of its Restricted Subsidiaries in existence
    at the time of such acquisition (but not created in
    contemplation thereof), which encumbrance or restriction is not
    applicable to any Person, or the properties or assets of any
    Person, other than the Person and its Subsidiaries, or the
    property or assets of the Person and its Subsidiaries, so
    acquired;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;contracts for the sale of assets, including customary
    restrictions with respect to a Subsidiary of the Issuer pursuant
    to an agreement that has been entered into for the sale or
    disposition of all or substantially all of the Capital Stock or
    assets of such Subsidiary;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;Secured Indebtedness otherwise permitted to be incurred
    pursuant to the covenants described under
    &#147;&#151;&#160;Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock&#148; and
    &#147;&#151;&#160;Liens&#148; that limit the right of the debtor
    to dispose of the assets securing such Indebtedness;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;restrictions on cash or other deposits or net worth
    imposed by customers under contracts entered into in the
    ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;other Indebtedness, Disqualified Stock or Preferred
    Stock of Foreign Subsidiaries permitted to be incurred
    subsequent to the Issue Date pursuant to the provisions of the
    covenant described under &#147;&#151;&#160;Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (j)&#160;customary provisions in joint venture agreements and
    other similar agreements relating solely to such joint venture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (k)&#160;customary provisions contained in leases or licenses of
    intellectual property and other agreements, in each case,
    entered into in the ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (l)&#160;any encumbrances or restrictions of the type referred
    to in clauses (1), (2)&#160;and (3)&#160;above imposed by any
    amendments, modifications, restatements, renewals, increases,
    supplements, refundings, replacements or refinancings of the
    contracts, instruments or obligations referred to in
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    clauses&#160;(a) through (k)&#160;above; <I>provided </I>that
    such amendments, modifications, restatements, renewals,
    increases, supplements, refundings, replacements or refinancings
    are, in the good faith judgment of the Issuer, no more
    restrictive with respect to such encumbrance and other
    restrictions taken as a whole than those prior to such
    amendment, modification, restatement, renewal, increase,
    supplement, refunding, replacement or refinancing;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (m)&#160;restrictions created in connection with any Receivables
    Facility that, in the good faith determination of the Issuer are
    necessary or advisable to effect such Receivables Facility.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Limitation
    on Guarantees of Indebtedness by Restricted
    Subsidiaries</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will not permit any of its Wholly Owned Subsidiaries
    that are Restricted Subsidiaries (and non-Wholly Owned
    Subsidiaries if such non-Wholly Owned Subsidiaries guarantee
    other capital markets debt securities), other than a Guarantor
    or a Foreign Subsidiary, to guarantee the payment of any
    Indebtedness of the Issuer or any other Guarantor unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;such Restricted Subsidiary within 30&#160;days executes
    and delivers a supplemental indenture to the Indenture providing
    for a Guarantee by such Restricted Subsidiary, except that with
    respect to a guarantee of Indebtedness of the Issuer or any
    Guarantor:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;if the Senior Notes or such Guarantor&#146;s Guarantee
    are subordinated in right of payment to such Indebtedness, the
    Guarantee under the supplemental indenture shall be subordinated
    to such Restricted Subsidiary&#146;s guarantee with respect to
    such Indebtedness substantially to the same extent as the Senior
    Notes are subordinated to such Indebtedness;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;if such Indebtedness is by its express terms
    subordinated in right of payment to the Senior Notes or such
    Guarantor&#146;s Guarantee, any such guarantee by such
    Restricted Subsidiary with respect to such Indebtedness shall be
    subordinated in right of payment to such Guarantee substantially
    to the same extent as such Indebtedness is subordinated to the
    Senior Notes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;such Restricted Subsidiary waives and will not in any
    manner whatsoever claim or take the benefit or advantage of, any
    rights of reimbursement, indemnity or subrogation or any other
    rights against the Issuer or any other Restricted Subsidiary as
    a result of any payment by such Restricted Subsidiary under its
    Guarantee;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;such Restricted Subsidiary shall deliver to the Trustee
    an Opinion of Counsel to the effect that:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;such Guarantee has been duly executed and
    authorized;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;such Guarantee constitutes a valid, binding and
    enforceable obligation of such Restricted Subsidiary, except
    insofar as enforcement thereof may be limited by bankruptcy,
    insolvency or similar laws (including, without limitation, all
    laws relating to fraudulent transfers) and except insofar as
    enforcement thereof is subject to general principles of equity;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided </I>that this covenant shall not be applicable to
    any guarantee of any Restricted Subsidiary that existed at the
    time such Person became a Restricted Subsidiary and was not
    incurred in connection with, or in contemplation of, such Person
    becoming a Restricted Subsidiary.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Reports
    and Other Information</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding that the Issuer may not be subject to the
    reporting requirements of Section&#160;13 or 15(d) of the
    Exchange Act or otherwise report on an annual and quarterly
    basis on forms provided for such annual and quarterly reporting
    pursuant to rules and regulations promulgated by the SEC, the
    Indenture will require the Issuer to file with the SEC (and make
    available to the Trustee and Holders of the Senior Notes
    (without exhibits), without cost to any Holder, within
    15&#160;days after it files them with the SEC) from and after
    the Issue Date,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;within 90&#160;days (or any other time period then in
    effect under the rules and regulations of the Exchange Act with
    respect to the filing of a
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    by a non-accelerated filer) after the end of each
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    fiscal year, annual reports on
    <FONT style="white-space: nowrap">Form&#160;10-K,</FONT>
    or any successor or comparable form, containing the information
    required to be contained therein, or required in such successor
    or comparable form;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;within 45&#160;days after the end of each of the first
    three fiscal quarters of each fiscal year, reports on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    containing all quarterly information that would be required to
    be contained in
    <FONT style="white-space: nowrap">Form&#160;10-Q,</FONT>
    or any successor or comparable form;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;promptly from time to time after the occurrence of an
    event required to be therein reported, such other reports on
    <FONT style="white-space: nowrap">Form&#160;8-K,</FONT>
    or any successor or comparable form;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;any other information, documents and other reports
    which the Issuer would be required to file with the SEC if it
    were subject to Section&#160;13 or 15(d) of the Exchange Act;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    in each case, in a manner that complies in all material respects
    with the requirements specified in such form; <I>provided
    </I>that the Issuer shall not be so obligated to file such
    reports with the SEC if the SEC does not permit such filing, in
    which event the Issuer will make available such information to
    prospective purchasers of Senior Notes, in addition to providing
    such information to the Trustee and the Holders of the Senior
    Notes, in each case within 15&#160;days after the time the
    Issuer would be required to file such information with the SEC,
    if it were subject to Sections&#160;13 or 15(d) of the Exchange
    Act. In addition, to the extent not satisfied by the foregoing,
    the Issuer will agree that, for so long as any Senior Notes are
    outstanding, it will furnish to Holders and to securities
    analysts and prospective investors, upon their request, the
    information required to be delivered pursuant to
    Rule&#160;144A(d)(4) under the Securities Act.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the event that any direct or indirect parent company of the
    Issuer becomes a guarantor of the Senior Notes, the Indenture
    will permit the Issuer to satisfy its obligations in this
    covenant with respect to financial information relating to the
    Issuer by furnishing financial information relating to such
    parent; <I>provided </I>that the same is accompanied by
    consolidating information that explains in reasonable detail the
    differences between the information relating to such parent, on
    the one hand, and the information relating to the Issuer and its
    Restricted Subsidiaries on a standalone basis, on the other hand.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding the foregoing, such requirements shall be deemed
    satisfied prior to the commencement of the exchange offer or the
    effectiveness of the shelf registration statement by the filing
    with the SEC of the exchange offer registration statement or
    shelf registration statement, and any amendments thereto, with
    such financial information that satisfies
    <FONT style="white-space: nowrap">Regulation&#160;S-X</FONT>
    of the Securities Act.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Events of
    Default and Remedies</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture will provide that each of the following is an
    Event of Default:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;default in payment when due and payable, upon
    redemption, acceleration or otherwise, of principal of, or
    premium, if any, on the Senior Notes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;default for 30&#160;days or more in the payment when
    due of interest or Additional Interest on or with respect to the
    Senior Notes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;failure by the Issuer or any Guarantor for 60&#160;days
    after receipt of written notice given by the Trustee or the
    Holders of not less 30% in principal amount of the Senior Notes
    to comply with any of its obligations, covenants or agreements
    (other than a default referred to in clauses&#160;(1) and
    (2)&#160;above) contained in the Indenture or the Senior Notes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;default under any mortgage, indenture or instrument
    under which there is issued or by which there is secured or
    evidenced any Indebtedness for money borrowed by the Issuer or
    any of its Restricted Subsidiaries or the payment of which is
    guaranteed by the Issuer or any of its Restricted Subsidiaries,
    other than Indebtedness owed to the Issuer or a Restricted
    Subsidiary, whether such Indebtedness or guarantee now exists or
    is created after the issuance of the Senior Notes, if both:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;such default either results from the failure to pay any
    principal of such Indebtedness at its stated final maturity
    (after giving effect to any applicable grace periods) or relates
    to an obligation other than the obligation to pay principal of
    any such Indebtedness at its stated final maturity and
</DIV>
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    results in the holder or holders of such Indebtedness causing
    such Indebtedness to become due prior to its stated
    maturity;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the principal amount of such Indebtedness, together
    with the principal amount of any other such Indebtedness in
    default for failure to pay principal at stated final maturity
    (after giving effect to any applicable grace periods), or the
    maturity of which has been so accelerated, aggregate
    $100.0&#160;million or more at any one time outstanding;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;failure by the Issuer or any Significant Subsidiary to
    pay final judgments aggregating in excess of
    $100.0&#160;million, which final judgments remain unpaid,
    undischarged and unstayed for a period of more than 60&#160;days
    after such judgment becomes final, and in the event such
    judgment is covered by insurance, an enforcement proceeding has
    been commenced by any creditor upon such judgment or decree
    which is not promptly stayed;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;certain events of bankruptcy or insolvency with respect
    to the Issuer or any Significant Subsidiary;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;the Guarantee of any Significant Subsidiary shall for
    any reason cease to be in full force and effect or be declared
    null and void or any responsible officer of any Guarantor that
    is a Significant Subsidiary, as the case may be, denies that it
    has any further liability under its Guarantee or gives notice to
    such effect, other than by reason of the termination of the
    Indenture or the release of any such Guarantee in accordance
    with the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If any Event of Default (other than of a type specified in
    clause&#160;(6) above) occurs and is continuing under the
    Indenture, the Trustee or the Holders of at least 30% in
    principal amount of the then total outstanding Senior Notes may
    declare the principal, premium, if any, interest and any other
    monetary obligations on all the then outstanding Senior Notes to
    be due and payable immediately.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the effectiveness of such declaration, such principal and
    interest will be due and payable immediately. Notwithstanding
    the foregoing, in the case of an Event of Default arising under
    clause&#160;(6) of the first paragraph of this section, all
    outstanding Senior Notes will become due and payable without
    further action or notice. The Indenture will provide that the
    Trustee may withhold from the Holders notice of any continuing
    Default, except a Default relating to the payment of principal,
    premium, if any, or interest, if it determines that withholding
    notice is in their interest. In addition, the Trustee shall have
    no obligation to accelerate the Senior Notes if in the best
    judgment of the Trustee acceleration is not in the best interest
    of the Holders of the Senior Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture provides that the Holders of a majority in
    aggregate principal amount of the then outstanding Senior Notes
    by notice to the Trustee may on behalf of the Holders of all of
    the Senior Notes waive any existing Default and its consequences
    under the Indenture except a continuing Default in the payment
    of interest on, premium, if any, or the principal of any Senior
    Note held by a non-consenting Holder. In the event of any Event
    of Default specified in clause&#160;(4) above, such Event of
    Default and all consequences thereof (excluding any resulting
    payment default, other than as a result of acceleration of the
    Senior Notes) shall be annulled, waived and rescinded,
    automatically and without any action by the Trustee or the
    Holders, if within 20&#160;days after such Event of Default
    arose:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the Indebtedness or guarantee that is the basis for
    such Event of Default has been discharged;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;holders thereof have rescinded or waived the
    acceleration, notice or action (as the case may be) giving rise
    to such Event of Default;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;the default that is the basis for such Event of Default
    has been cured.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subject to the provisions of the Indenture relating to the
    duties of the Trustee thereunder, in case an Event of Default
    occurs and is continuing, the Trustee will be under no
    obligation to exercise any of the rights or powers under the
    Indenture at the request or direction of any of the Holders of
    the Senior Notes unless the Holders have offered to the Trustee
    reasonable indemnity or security against any loss, liability or
    expense.
</DIV>
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    <BR>
    174
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except to enforce the right to receive payment of principal,
    premium (if any) or interest when due, no Holder of a Senior
    Note may pursue any remedy with respect to the Indenture or the
    Senior Notes unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;such Holder has previously given the Trustee notice
    that an Event of Default is continuing;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;Holders of at least 30% in principal amount of the
    total outstanding Senior Notes have requested the Trustee to
    pursue the remedy;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;Holders of the Senior Notes have offered the Trustee
    reasonable security or indemnity against any loss, liability or
    expense;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;the Trustee has not complied with such request within
    60&#160;days after the receipt thereof and the offer of security
    or indemnity;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;Holders of a majority in principal amount of the total
    outstanding Senior Notes have not given the Trustee a direction
    inconsistent with such request within such
    <FONT style="white-space: nowrap">60-day</FONT>
    period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subject to certain restrictions, under the Indenture the Holders
    of a majority in principal amount of the total outstanding
    Senior Notes are given the right to direct the time, method and
    place of conducting any proceeding for any remedy available to
    the Trustee or of exercising any trust or power conferred on the
    Trustee. The Trustee, however, may refuse to follow any
    direction that conflicts with law or the Indenture or that the
    Trustee determines is unduly prejudicial to the rights of any
    other Holder of a Senior Note or that would involve the Trustee
    in personal liability.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture will provide that the Issuer is required to
    deliver to the Trustee annually a statement regarding compliance
    with the Indenture, and the Issuer is required, within five
    Business Days, upon becoming aware of any Default, to deliver to
    the Trustee a statement specifying such Default.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">No
    Personal Liability of Directors, Officers, Employees and
    Stockholders</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No director, officer, employee, incorporator or stockholder of
    the Issuer or any Guarantor or any of their parent companies
    shall have any liability for any obligations of the Issuer or
    the Guarantors under the Senior Notes, the Guarantees, the
    Indenture or the escrow agreement or for any claim based on, in
    respect of, or by reason of such obligations or their creation.
    Each Holder by accepting Senior Notes waives and releases all
    such liability. The waiver and release are part of the
    consideration for issuance of the Senior Notes. Such waiver may
    not be effective to waive liabilities under the federal
    securities laws and it is the view of the SEC that such a waiver
    is against public policy.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Legal
    Defeasance and Covenant Defeasance</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The obligations of the Issuer and the Guarantors under the
    Indenture will terminate (other than certain obligations) and
    will be released upon payment in full of all of the Senior
    Notes. The Issuer may, at its option and at any time, elect to
    have all of its obligations discharged with respect to the
    Senior Notes and have the Issuer and each Guarantor&#146;s
    obligation discharged with respect to its Guarantee
    (&#147;<I>Legal Defeasance</I>&#148;) and cure all then existing
    Events of Default except for:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the rights of Holders of Senior Notes to receive
    payments in respect of the principal of, premium, if any, and
    interest on the Senior Notes when such payments are due solely
    out of the trust created pursuant to the Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the Issuer&#146;s obligations with respect to Senior
    Notes concerning issuing temporary Senior Notes, registration of
    such Senior Notes, mutilated, destroyed, lost or stolen Senior
    Notes and the maintenance of an office or agency for payment and
    money for security payments held in trust;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;the rights, powers, trusts, duties and immunities of
    the Trustee, and the Issuer&#146;s obligations in connection
    therewith;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;the Legal Defeasance provisions of the Indenture.
</DIV>
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    <BR>
    175
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, the Issuer may, at its option and at any time,
    elect to have its obligations and those of each Guarantor
    released with respect to certain covenants that are described in
    the Indenture (&#147;<I>Covenant Defeasance</I>&#148;) and
    thereafter any omission to comply with such obligations shall
    not constitute a Default with respect to the Senior Notes. In
    the event Covenant Defeasance occurs, certain events (not
    including bankruptcy, receivership, rehabilitation and
    insolvency events pertaining to the Issuer) described under
    &#147;Events of Default and Remedies&#148; will no longer
    constitute an Event of Default with respect to the Senior Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In order to exercise either Legal Defeasance or Covenant
    Defeasance with respect to the Senior Notes:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the Issuer must irrevocably deposit with the Trustee,
    in trust, for the benefit of the Holders of the Senior Notes,
    cash in U.S.&#160;dollars, Government Securities, or a
    combination thereof, in such amounts as will be sufficient, in
    the opinion of a nationally recognized firm of independent
    public accountants, to pay the principal of, premium, if any,
    and interest due on the Senior Notes on the stated maturity date
    or on the redemption date, as the case may be, of such
    principal, premium, if any, or interest on such Senior Notes and
    the Issuer must specify whether such Senior Notes are being
    defeased to maturity or to a particular redemption date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;in the case of Legal Defeasance, the Issuer shall have
    delivered to the Trustee an Opinion of Counsel reasonably
    acceptable to the Trustee confirming that, subject to customary
    assumptions and exclusions,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the Issuer has received from, or there has been
    published by, the United States Internal Revenue Service a
    ruling,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;since the issuance of the Senior Notes, there has been
    a change in the applicable U.S.&#160;federal income tax law,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    in either case to the effect that, and based thereon such
    Opinion of Counsel shall confirm that, subject to customary
    assumptions and exclusions, the Holders of the Senior Notes will
    not recognize income, gain or loss for U.S.&#160;federal income
    tax purposes, as applicable, as a result of such Legal
    Defeasance and will be subject to U.S.&#160;federal income tax
    on the same amounts, in the same manner and at the same times as
    would have been the case if such Legal Defeasance had not
    occurred;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;in the case of Covenant Defeasance, the Issuer shall
    have delivered to the Trustee an Opinion of Counsel reasonably
    acceptable to the Trustee confirming that, subject to customary
    assumptions and exclusions, the Holders of the Senior Notes will
    not recognize income, gain or loss for U.S.&#160;federal income
    tax purposes as a result of such Covenant Defeasance and will be
    subject to such tax on the same amounts, in the same manner and
    at the same times as would have been the case if such Covenant
    Defeasance had not occurred;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;no Default (other than that resulting from borrowing
    funds to be applied to make such deposit and the granting of
    Liens in connection therewith) shall have occurred and be
    continuing on the date of such deposit;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;such Legal Defeasance or Covenant Defeasance shall not
    result in a breach or violation of, or constitute a default
    under the Senior Credit Facilities, the Senior Subordinated
    Notes or the indenture pursuant to which the Senior Subordinated
    Notes were issued or any other material agreement or instrument
    (other than the Indenture) to which, the Issuer or any Guarantor
    is a party or by which the Issuer or any Guarantor is bound;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;the Issuer shall have delivered to the Trustee an
    Opinion of Counsel to the effect that, as of the date of such
    opinion and subject to customary assumptions and exclusions
    following the deposit, the trust funds will not be subject to
    the effect of Section&#160;547 of Title&#160;11 of the United
    States Code;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;the Issuer shall have delivered to the Trustee an
    Officer&#146;s Certificate stating that the deposit was not made
    by the Issuer with the intent of defeating, hindering, delaying
    or defrauding any creditors of the Issuer or any Guarantor or
    others;&#160;and
</DIV>
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    <BR>
    176
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;the Issuer shall have delivered to the Trustee an
    Officer&#146;s Certificate and an Opinion of Counsel (which
    Opinion of Counsel may be subject to customary assumptions and
    exclusions) each stating that all conditions precedent provided
    for or relating to the Legal Defeasance or the Covenant
    Defeasance, as the case may be, have been complied with.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Satisfaction
    and Discharge</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture will be discharged and will cease to be of further
    effect as to all Senior Notes, when either:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;all Senior Notes theretofore authenticated and
    delivered, except lost, stolen or destroyed Senior Notes which
    have been replaced or paid and Senior Notes for whose payment
    money has theretofore been deposited in trust, have been
    delivered to the Trustee for cancellation;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)(a) all Senior Notes not theretofore delivered to the Trustee
    for cancellation have become due and payable by reason of the
    making of a notice of redemption or otherwise, will become due
    and payable within one year or are to be called for redemption
    within one year under arrangements satisfactory to the Trustee
    for the giving of notice of redemption by the Trustee in the
    name, and at the expense, of the Issuer and the Issuer or any
    Guarantor have irrevocably deposited or caused to be deposited
    with the Trustee as trust funds in trust solely for the benefit
    of the Holders of the Senior Notes, cash in U.S.&#160;dollars,
    Government Securities, or a combination thereof, in such amounts
    as will be sufficient without consideration of any reinvestment
    of interest to pay and discharge the entire indebtedness on the
    Senior Notes not theretofore delivered to the Trustee for
    cancellation for principal, premium, if any, and accrued
    interest to the date of maturity or redemption;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;no Default (other than that resulting from borrowing
    funds to be applied to make such deposit) with respect to the
    Indenture or the Senior Notes shall have occurred and be
    continuing on the date of such deposit or shall occur as a
    result of such deposit and such deposit will not result in a
    breach or violation of, or constitute a default under the Senior
    Credit Facilities, Senior Subordinated Notes (or the indenture
    under which the Senior Subordinated Notes are issued) or any
    other material agreement or instrument (other than the
    Indenture) to which the Issuer or any Guarantor is a party or by
    which the Issuer or any Guarantor is bound;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;the Issuer has paid or caused to be paid all sums
    payable by it under the Indenture;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;the Issuer has delivered irrevocable instructions to
    the Trustee to apply the deposited money toward the payment of
    the Senior Notes at maturity or the redemption date, as the case
    may be.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, the Issuer must deliver an Officer&#146;s
    Certificate and an Opinion of Counsel to the Trustee stating
    that all conditions precedent to satisfaction and discharge have
    been satisfied.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Amendment,
    Supplement and Waiver</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except as provided in the next two succeeding paragraphs, the
    Indenture, any Guarantee and the Senior Notes may be amended or
    supplemented with the consent of the Holders of at least a
    majority in principal amount of the Senior Notes then
    outstanding, including consents obtained in connection with a
    purchase of, or tender offer or exchange offer for, Senior
    Notes, and any existing Default or compliance with any provision
    of the Indenture or the Senior Notes issued thereunder may be
    waived with the consent of the Holders of a majority in
    principal amount of the then outstanding Senior Notes, other
    than Senior Notes beneficially owned by the Issuer or its
    Affiliates (including consents obtained in connection with a
    purchase of or tender offer or exchange offer for the Senior
    Notes).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture will provide that, without the consent of each
    affected Holder of Senior Notes, an amendment or waiver may not,
    with respect to any Senior Notes held by a non-consenting Holder:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;reduce the principal amount of such Senior Notes whose
    Holders must consent to an amendment, supplement or waiver;
</DIV>
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    <BR>
    177
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;reduce the principal of or change the fixed final
    maturity of any such Senior Note or alter or waive the
    provisions with respect to the redemption of such Senior Notes
    (other than provisions relating to the covenants described above
    under the caption &#147;Repurchase at the Option of
    Holders&#148;);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;reduce the rate of or change the time for payment of
    interest on any Senior Note;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;waive a Default in the payment of principal of or
    premium, if any, or interest on the Senior Notes, except a
    rescission of acceleration of the Senior Notes by the Holders of
    at least a majority in aggregate principal amount of the Senior
    Notes and a waiver of the payment default that resulted from
    such acceleration, or in respect of a covenant or provision
    contained in the Indenture or any Guarantee which cannot be
    amended or modified without the consent of all Holders;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;make any Senior Note payable in money other than that
    stated therein;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;make any change in the provisions of the Indenture
    relating to waivers of past Defaults or the rights of Holders to
    receive payments of principal of or premium, if any, or interest
    on the Senior Notes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;make any change in these amendment and waiver
    provisions;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;impair the right of any Holder to receive payment of
    principal of, or interest on such Holder&#146;s Senior Notes on
    or after the due dates therefor or to institute suit for the
    enforcement of any payment on or with respect to such
    Holder&#146;s Senior Notes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;make any change to or modify the ranking of the Senior
    Notes that would adversely affect the Holders;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;except as expressly permitted by the Indenture, modify
    the Guarantees of any Significant Subsidiary in any manner
    adverse to the Holders of the Senior Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding the foregoing, the Issuer, any Guarantor (with
    respect to a Guarantee or the Indenture to which it is a party)
    and the Trustee may amend or supplement the Indenture and any
    Guarantee or Senior Notes without the consent of any Holder;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;to cure any ambiguity, omission, mistake, defect or
    inconsistency;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;to provide for uncertificated Senior Notes of such
    series in addition to or in place of certificated Senior Notes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;to comply with the covenant relating to mergers,
    consolidations and sales of assets;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;to provide the assumption of the Issuer&#146;s or any
    Guarantor&#146;s obligations to the Holders;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;to make any change that would provide any additional
    rights or benefits to the Holders or that does not adversely
    affect the legal rights under the Indenture of any such Holder;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;to add covenants for the benefit of the Holders or to
    surrender any right or power conferred upon the Issuer or any
    Guarantor;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;to comply with requirements of the SEC in order to
    effect or maintain the qualification of the Indenture under the
    Trust&#160;Indenture Act;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;to evidence and provide for the acceptance and
    appointment under the Indenture of a successor Trustee
    thereunder pursuant to the requirements thereof;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;to provide for the issuance of exchange notes or
    private exchange notes, which are identical to exchange notes
    except that they are not freely transferable;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;to add a Guarantor under the Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;to conform the text of the Indenture, Guarantees or
    the Senior Notes to any provision of this &#147;Description of
    Notes&#148; to the extent that such provision in this
    &#147;Description of Notes&#148; was intended to be a verbatim
    recitation of a provision of the Indenture, Guarantee or Senior
    Notes;&#160;or
</DIV>
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    <BR>
    178
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (12)&#160;making any amendment to the provisions of the
    Indenture relating to the transfer and legending of Senior Notes
    as permitted by the Indenture, including, without limitation to
    facilitate the issuance and administration of the Senior Notes;
    <I>provided</I>, <I>however</I>, that (i)&#160;compliance with
    the Indenture as so amended would not result in Senior Notes
    being transferred in violation of the Securities Act or any
    applicable securities law and (ii)&#160;such amendment does not
    materially and adversely affect the rights of Holders to
    transfer Senior Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The consent of the Holders is not necessary under the Indenture
    to approve the particular form of any proposed amendment. It is
    sufficient if such consent approves the substance of the
    proposed amendment.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notices</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notices given by publication will be deemed given on the first
    date on which publication is made and notices given by
    first-class mail, postage prepaid, will be deemed given five
    calendar days after mailing.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Concerning
    the Trustee</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture will contain certain limitations on the rights of
    the Trustee thereunder, should it become a creditor of the
    Issuer, to obtain payment of claims in certain cases, or to
    realize on certain property received in respect of any such
    claim as security or otherwise. The Trustee will be permitted to
    engage in other transactions; however, if it acquires any
    conflicting interest it must eliminate such conflict within
    90&#160;days, apply to the SEC for permission to continue or
    resign.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture will provide that the Holders of a majority in
    principal amount of the outstanding Senior Notes will have the
    right to direct the time, method and place of conducting any
    proceeding for exercising any remedy available to the Trustee,
    subject to certain exceptions. The Indenture will provide that
    in case an Event of Default shall occur (which shall not be
    cured), the Trustee will be required, in the exercise of its
    power, to use the degree of care of a prudent person in the
    conduct of his own affairs. Subject to such provisions, the
    Trustee will be under no obligation to exercise any of its
    rights or powers under the Indenture at the request of any
    Holder of the Senior Notes, unless such Holder shall have
    offered to the Trustee security and indemnity satisfactory to it
    against any loss, liability or expense.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Governing
    Law</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture, the Senior Notes and any Guarantee will be
    governed by and construed in accordance with the laws of the
    State of New York.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Certain
    Definitions</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Set forth below are certain defined terms used in the Indenture.
    For purposes of the Indenture, unless otherwise specifically
    indicated, the term &#147;consolidated&#148; with respect to any
    Person refers to such Person consolidated with its Restricted
    Subsidiaries, and excludes from such consolidation any
    Unrestricted Subsidiary as if such Unrestricted Subsidiary were
    not an Affiliate of such Person.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Acquired Indebtedness</I>&#148; means, with respect to
    any specified Person,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;Indebtedness of any other Person existing at the time
    such other Person is merged with or into or became a Restricted
    Subsidiary of such specified Person, including Indebtedness
    incurred in connection with, or in contemplation of, such other
    Person merging with or into or becoming a Restricted Subsidiary
    of such specified Person,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;Indebtedness secured by a Lien encumbering any asset
    acquired by such specified Person.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Acquisition</I>&#148; means the transactions
    contemplated by the Transaction Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Additional Interest</I>&#148; means all additional
    interest then owing pursuant to the Registration Rights
    Agreement.
</DIV>
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    <BR>
    179
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Affiliate</I>&#148; of any specified Person means any
    other Person directly or indirectly controlling or controlled by
    or under direct or indirect common control with such specified
    Person. For purposes of this definition, &#147;control&#148;
    (including, with correlative meanings, the terms
    &#147;controlling,&#148; &#147;controlled by&#148; and
    &#147;under common control with&#148;), as used with respect to
    any Person, shall mean the possession, directly or indirectly,
    of the power to direct or cause the direction of the management
    or policies of such Person, whether through the ownership of
    voting securities, by agreement or otherwise.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Applicable Premium</I>&#148; means, with respect to any
    Senior Note on any Redemption Date, the greater of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;1.0% of the principal amount of such Senior
    Note;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the excess, if any, of (a)&#160;the present value at
    such Redemption&#160;Date of (i)&#160;the redemption price of
    such Senior Note at April&#160;1, 2012 (such redemption price
    being set forth in the table appearing above under the caption
    &#147;Optional Redemption&#148;), plus (ii)&#160;all required
    interest payments due on such Senior Note through April&#160;1,
    2012 (excluding accrued but unpaid interest to the
    Redemption&#160;Date), computed using a discount rate equal to
    the Treasury Rate as of such Redemption&#160;Date plus
    50&#160;basis points; over (b)&#160;the principal amount of such
    Senior Note.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Asset Sale</I>&#148; means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the sale, conveyance, transfer or other disposition,
    whether in a single transaction or a series of related
    transactions, of property or assets (including by way of a Sale
    and Lease- Back Transaction) of the Issuer or any of its
    Restricted Subsidiaries (each referred to in this definition as
    a &#147;disposition&#148;);&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the issuance or sale of Equity Interests of any
    Restricted Subsidiary, whether in a single transaction or a
    series of related transactions;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    in each case, other than:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;any disposition of Cash Equivalents or Investment Grade
    Securities or obsolete or worn out equipment in the ordinary
    course of business or any disposition of inventory or goods (or
    other assets) held for sale in the ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the disposition of all or substantially all of the
    assets of the Issuer in a manner permitted pursuant to the
    provisions described above under &#147;Certain
    Covenants&#160;&#151; Merger, Consolidation or Sale of All or
    Substantially All Assets&#148; or any disposition that
    constitutes a Change of Control pursuant to the Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;the making of any Restricted Payment or Permitted
    Investment that is permitted to be made, and is made, under the
    covenant described above under &#147;Certain
    Covenants&#160;&#151; Limitation on Restricted Payments&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;any disposition of assets or issuance or sale of Equity
    Interests of any Restricted Subsidiary in any transaction or
    series of transactions with an aggregate fair market value of
    less than $50.0&#160;million;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;any disposition of property or assets or issuance of
    securities by a Restricted Subsidiary of the Issuer to the
    Issuer or by the Issuer or a Restricted Subsidiary of the Issuer
    to another Restricted Subsidiary of the Issuer;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;to the extent allowable under Section&#160;1031 of the
    Internal Revenue Code of 1986, any exchange of like property
    (excluding any boot thereon) for use in a Similar Business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;the lease, assignment or
    <FONT style="white-space: nowrap">sub-lease</FONT> of
    any real or personal property in the ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;any issuance or sale of Equity Interests in, or
    Indebtedness or other securities of, an Unrestricted Subsidiary;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;foreclosures on assets;
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (j)&#160;sales of accounts receivable, or participations
    therein, in connection with any Receivables Facility;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (k)&#160;any financing transaction with respect to property
    built or acquired by the Issuer or any Restricted Subsidiary
    after the Issue Date, including Sale and Lease-Back Transactions
    and asset securitizations permitted by the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Business Day</I>&#148; means each day which is not a
    Legal Holiday.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Capital Stock</I>&#148; means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;in the case of a corporation, corporate stock;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;in the case of an association or business entity, any
    and all shares, interests, participations, rights or other
    equivalents (however designated) of corporate stock;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;in the case of a partnership or limited liability
    company, partnership or membership interests (whether general or
    limited);&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;any other interest or participation that confers on a
    Person the right to receive a share of the profits and losses
    of, or distributions of assets of, the issuing Person.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Capitalized Lease Obligation</I>&#148; means, at the
    time any determination thereof is to be made, the amount of the
    liability in respect of a capital lease that would at such time
    be required to be capitalized and reflected as a liability on a
    balance sheet (excluding the footnotes thereto) in accordance
    with GAAP.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Capitalized Software Expenditures</I>&#148; shall mean,
    for any period, the aggregate of all expenditures (whether paid
    in cash or accrued as liabilities) by a Person and its
    Restricted Subsidiaries during such period in respect of
    purchased software or internally developed software and software
    enhancements that, in conformity with GAAP, are or are required
    to be reflected as capitalized costs on the consolidated balance
    sheet of a Person and its Restricted Subsidiaries.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Cash Equivalents</I>&#148; means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;United States dollars;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)(a) euro, or any national currency of any participating
    member state of the EMU;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;in the case of any Foreign Subsidiary that is a
    Restricted Subsidiary, such local currencies held by them from
    time to time in the ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;securities issued or directly and fully and
    unconditionally guaranteed or insured by the
    U.S.&#160;government or any agency or instrumentality thereof
    the securities of which are unconditionally guaranteed as a full
    faith and credit obligation of such government with maturities
    of 24&#160;months or less from the date of acquisition;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;certificates of deposit, time deposits and eurodollar
    time deposits with maturities of one year or less from the date
    of acquisition, bankers&#146; acceptances with maturities not
    exceeding one year and overnight bank deposits, in each case
    with any commercial bank having capital and surplus of not less
    than $500.0&#160;million in the case of U.S.&#160;banks and
    $100.0&#160;million (or the U.S.&#160;dollar equivalent as of
    the date of determination) in the case of
    <FONT style="white-space: nowrap">non-U.S.&#160;banks;</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;repurchase obligations for underlying securities of the
    types described in clauses&#160;(3) and (4)&#160;entered into
    with any financial institution meeting the qualifications
    specified in clause&#160;(4) above;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;commercial paper rated at least
    <FONT style="white-space: nowrap">P-1</FONT> by
    Moody&#146;s or at least
    <FONT style="white-space: nowrap">A-1</FONT> by
    S&#038;P and in each case maturing within 24&#160;months after
    the date of creation thereof;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;marketable short-term money market and similar
    securities having a rating of at least
    <FONT style="white-space: nowrap">P-2</FONT> or
    <FONT style="white-space: nowrap">A-2</FONT> from
    either Moody&#146;s or S&#038;P, respectively (or, if at any
    time neither Moody&#146;s nor S&#038;P shall be rating such
    obligations, an equivalent rating from another Rating Agency)
    and in each case maturing within 24&#160;months after the date
    of creation thereof;
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;investment funds investing 95% of their assets in
    securities of the types described in clauses&#160;(1) through
    (7)&#160;above;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;readily marketable direct obligations issued by any
    state, commonwealth or territory of the United States or any
    political subdivision or taxing authority thereof having an
    Investment Grade Rating from either Moody&#146;s or S&#038;P
    with maturities of 24&#160;months or less from the date of
    acquisition;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;Indebtedness or Preferred Stock issued by Persons with
    a rating of &#147;A&#148; or higher from S&#038;P or
    &#147;A2&#148; or higher from Moody&#146;s with maturities of
    24&#160;months or less from the date of acquisition;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;Investments with average maturities of 12&#160;months
    or less from the date of acquisition in money market funds rated
    AAA- (or the equivalent thereof) or better by S&#038;P or Aaa3
    (or the equivalent thereof) or better by Moody&#146;s.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding the foregoing, Cash Equivalents shall include
    amounts denominated in currencies other than those set forth in
    clauses&#160;(1) and (2)&#160;above, <I>provided </I>that such
    amounts are converted into any currency listed in
    clauses&#160;(1) and (2)&#160;as promptly as practicable and in
    any event within ten Business Days following the receipt of such
    amounts.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Change of Control</I>&#148; means the occurrence of any
    of the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the sale, lease or transfer, in one or a series of
    related transactions, of all or substantially all of the assets
    of the Issuer and its Subsidiaries, taken as a whole, to any
    Person other than a Permitted Holder;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the Issuer becomes aware of (by way of a report or any
    other filing pursuant to Section&#160;13(d) of the Exchange Act,
    proxy, vote, written notice or otherwise) the acquisition by any
    Person or group (within the meaning of Section&#160;13(d)(3) or
    Section&#160;14(d)(2) of the Exchange Act, or any successor
    provision), including any group acting for the purpose of
    acquiring, holding or disposing of securities (within the
    meaning of
    <FONT style="white-space: nowrap">Rule&#160;13d-5(b)(1)</FONT>
    under the Exchange Act), other than the Permitted Holders, in a
    single transaction or in a related series of transactions, by
    way of merger, consolidation or other business combination or
    purchase of beneficial ownership (within the meaning of
    <FONT style="white-space: nowrap">Rule&#160;13d-3</FONT>
    under the Exchange Act, or any successor provision) of 50% or
    more of the total voting power of the Voting Stock of the Issuer
    or any of its direct or indirect parent companies holding
    directly or indirectly 100% of the total voting power of the
    Voting Stock of the Issuer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Consolidated Depreciation and Amortization
    Expense</I>&#148; means with respect to any Person for any
    period, the total amount of depreciation and amortization
    expense, including the amortization of deferred financing fees
    and Capitalized Software Expenditures of such Person and its
    Restricted Subsidiaries for such period on a consolidated basis
    and otherwise determined in accordance with GAAP.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Consolidated Interest Expense</I>&#148; means, with
    respect to any Person for any period, without duplication, the
    sum of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;consolidated interest expense of such Person and its
    Restricted Subsidiaries for such period, to the extent such
    expense was deducted (and not added back) in computing
    Consolidated Net Income (including (a)&#160;amortization of
    original issue discount resulting from the issuance of
    Indebtedness at less than par, (b)&#160;all commissions,
    discounts and other fees and charges owed with respect to
    letters of credit or bankers acceptances, (c)&#160;non-cash
    interest payments (but excluding any non-cash interest expense
    attributable to the movement in the mark to market valuation of
    Hedging Obligations or other derivative instruments pursuant to
    GAAP), (d)&#160;the interest component of Capitalized Lease
    Obligations, and (e)&#160;net payments, if any, pursuant to
    interest rate Hedging Obligations with respect to Indebtedness,
    and excluding (v)&#160;any expense resulting from the
    discounting of the Existing Senior Secured Notes in connection
    with the application of purchase accounting in connection with
    the Transaction, (w)&#160;any Additional Interest and any
    &#147;additional interest&#148; with respect to the Existing
    Senior Notes or the Existing Senior Subordinated Notes,
    (x)&#160;amortization of deferred financing fees, debt issuance
    costs, commissions, fees and expenses, (y)&#160;any expensing of
    bridge, commitment and other financing fees and
    (z)&#160;commissions,
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    discounts, yield and other fees and charges (including any
    interest expense) related to any Receivables Facility);
    <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;consolidated capitalized interest of such Person and
    its Restricted Subsidiaries for such period, whether paid or
    accrued; <I>less</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;interest income for such period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of this definition, interest on a Capitalized Lease
    Obligation shall be deemed to accrue at an interest rate
    reasonably determined by such Person to be the rate of interest
    implicit in such Capitalized Lease Obligation in accordance with
    GAAP.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Consolidated Net Income</I>&#148; means, with respect
    to any Person for any period, the aggregate of the Net Income,
    of such Person and its Restricted Subsidiaries for such period,
    on a consolidated basis, and otherwise determined in accordance
    with GAAP; <I>provided</I>, <I>however</I>, that, without
    duplication,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any after-tax effect of extraordinary, non-recurring or
    unusual gains or losses (less all fees and expenses relating
    thereto) or expenses (including relating to the Transaction to
    the extent incurred on or prior June&#160;30, 2006), severance,
    relocation costs and curtailments or modifications to pension
    and
    <FONT style="white-space: nowrap">post-retirement</FONT>
    employee benefit plans shall be excluded,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the Net Income for such period shall not include the
    cumulative effect of a change in accounting principles during
    such period,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;any after-tax effect of income (loss) from disposed or
    discontinued operations and any net after-tax gains or losses on
    disposal of disposed, abandoned or discontinued operations shall
    be excluded,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;any after-tax effect of gains or losses (less all fees
    and expenses relating thereto) attributable to asset
    dispositions other than in the ordinary course of business, as
    determined in good faith by the Issuer, shall be excluded,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;the Net Income for such period of any Person that is
    not a Subsidiary, or is an Unrestricted Subsidiary, or that is
    accounted for by the equity method of accounting, shall be
    excluded; <I>provided </I>that Consolidated Net Income of the
    Issuer shall be increased by the amount of dividends or
    distributions or other payments that are actually paid in cash
    (or to the extent converted into cash) to the referent Person or
    a Restricted Subsidiary thereof in respect of such period,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;solely for the purpose of determining the amount
    available for Restricted Payments under clause (3)(a) of the
    first paragraph of &#147;Certain Covenants&#160;&#151;
    Limitation on Restricted Payments,&#148; the Net Income for such
    period of any Restricted Subsidiary (other than any Guarantor)
    shall be excluded if the declaration or payment of dividends or
    similar distributions by that Restricted Subsidiary of its Net
    Income is not at the date of determination wholly permitted
    without any prior governmental approval (which has not been
    obtained) or, directly or indirectly, by the operation of the
    terms of its charter or any agreement, instrument, judgment,
    decree, order, statute, rule, or governmental regulation
    applicable to that Restricted Subsidiary or its stockholders,
    unless such restriction with respect to the payment of dividends
    or similar distributions has been legally waived,
    <I>provided</I> that Consolidated Net Income of the Issuer will
    be increased by the amount of dividends or other distributions
    or other payments actually paid in cash (or to the extent
    converted into cash) to the Issuer or a Restricted Subsidiary
    thereof in respect of such period, to the extent not already
    included therein,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;effects of adjustments (including the effects of such
    adjustments pushed down to the Issuer and its Restricted
    Subsidiaries) in the property and equipment, software and other
    intangible assets, deferred revenue and debt line items in such
    Person&#146;s consolidated financial statements pursuant to GAAP
    resulting from the application of purchase accounting in
    relation to the Transaction or any consummated acquisition or
    the amortization or write-off of any amounts thereof, net of
    taxes, shall be excluded,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;any after-tax effect of income (loss) from the early
    extinguishment of Indebtedness or Hedging Obligations or other
    derivative instruments shall be excluded,
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;any impairment charge or asset write-off, in each case,
    pursuant to GAAP and the amortization of intangibles arising
    pursuant to GAAP shall be excluded,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;any non-cash compensation expense recorded from grants
    of stock appreciation or similar rights, stock options,
    restricted stock or other rights shall be excluded,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;any fees and expenses incurred during such period, or
    any amortization thereof for such period, in connection with any
    acquisition, Investment, Asset Sale, issuance or repayment of
    Indebtedness, issuance of Equity Interests, refinancing
    transaction or amendment or modification of any debt instrument
    (in each case, including any such transaction consummated prior
    to the Issue Date and any such transaction undertaken but not
    completed) and any charges or non-recurring merger costs
    incurred during such period as a result of any such transaction
    shall be excluded,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (12)&#160;accruals and reserves that are established within
    twelve months after the Issue Date that are so required to be
    established as a result of the Transaction in accordance with
    GAAP shall be excluded.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding the foregoing, for the purpose of the covenant
    described under &#147;Certain Covenants&#160;&#151; Limitation
    on Restricted Payments&#148; only (other than clause (3)(d)
    thereof), there shall be excluded from Consolidated Net Income
    any income arising from any sale or other disposition of
    Restricted Investments made by the Issuer and its Restricted
    Subsidiaries, any repurchases and redemptions of Restricted
    Investments from the Issuer and its Restricted Subsidiaries, any
    repayments of loans and advances which constitute Restricted
    Investments by the Issuer or any of its Restricted Subsidiaries,
    any sale of the stock of an Unrestricted Subsidiary or any
    distribution or dividend from an Unrestricted Subsidiary, in
    each case only to the extent such amounts increase the amount of
    Restricted Payments permitted under such covenant pursuant to
    clause (3)(d) thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Consolidated Secured Debt Ratio</I>&#148; as of any
    date of determination means, the ratio of (1)&#160;Consolidated
    Total Indebtedness of the Issuer and its Restricted Subsidiaries
    that is secured by Liens as of the end of the most recent fiscal
    period for which internal financial statements are available
    immediately preceding the date on which such event for which
    such calculation is being made shall occur to (2)&#160;the
    Issuer&#146;s EBITDA for the most recently ended four full
    fiscal quarters for which internal financial statements are
    available immediately preceding the date on which such event for
    which such calculation is being made shall occur, in each case
    with such <I>pro forma </I>adjustments to Consolidated Total
    Indebtedness and EBITDA as are appropriate and consistent with
    the <I>pro forma </I>adjustment provisions set forth in the
    definition of Fixed Charge Coverage Ratio.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Consolidated Total Indebtedness</I>&#148; means, as at
    any date of determination, an amount equal to the sum of
    (1)&#160;the aggregate amount of all outstanding Indebtedness of
    the Issuer and its Restricted Subsidiaries on a consolidated
    basis consisting of Indebtedness for borrowed money, Obligations
    in respect of Capitalized Lease Obligations and debt obligations
    evidenced by promissory notes and similar instruments (and
    excluding, for the avoidance of doubt, all obligations relating
    to Receivables Facilities) and (2)&#160;the aggregate amount of
    all outstanding Disqualified Stock of the Issuer and all
    Preferred Stock of its Restricted Subsidiaries on a consolidated
    basis, with the amount of such Disqualified Stock and Preferred
    Stock equal to the greater of their respective voluntary or
    involuntary liquidation preferences and maximum fixed repurchase
    prices, in each case determined on a consolidated basis in
    accordance with GAAP. For purposes hereof, the &#147;maximum
    fixed repurchase price&#148; of any Disqualified Stock or
    Preferred Stock that does not have a fixed repurchase price
    shall be calculated in accordance with the terms of such
    Disqualified Stock or Preferred Stock as if such Disqualified
    Stock or Preferred Stock were purchased on any date on which
    Consolidated Total Indebtedness shall be required to be
    determined pursuant to the Indenture, and if such price is based
    upon, or measured by, the fair market value of such Disqualified
    Stock or Preferred Stock, such fair market value shall be
    determined reasonably and in good faith by the Issuer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Contingent Obligations</I>&#148; means, with respect to
    any Person, any obligation of such Person guaranteeing any
    leases, dividends or other obligations that do not constitute
    Indebtedness (&#147;<I>primary obligations&#148;) of any other
    Person (the &#147;primary obligor&#148;) in any manner, whether
    directly or indirectly, including, without limitation, any
    obligation of such Person, whether or not contingent,</I>
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;to purchase any such primary obligation or any property
    constituting direct or indirect security therefor,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;to advance or supply funds
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;for the purchase or payment of any such primary
    obligation,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;to maintain working capital or equity capital of the
    primary obligor or otherwise to maintain the net worth or
    solvency of the primary obligor,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;to purchase property, securities or services primarily
    for the purpose of assuring the owner of any such primary
    obligation of the ability of the primary obligor to make payment
    of such primary obligation against loss in respect thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Credit Facilities</I>&#148; means, with respect to the
    Issuer or any of its Restricted Subsidiaries, one or more debt
    facilities, including the Senior Credit Facilities, or other
    financing arrangements (including, without limitation,
    commercial paper facilities or indentures) providing for
    revolving credit loans, term loans, letters of credit or other
    long-term indebtedness, including any notes, mortgages,
    guarantees, collateral documents, instruments and agreements
    executed in connection therewith, and any amendments,
    supplements, modifications, extensions, renewals, restatements
    or refundings thereof and any indentures or credit facilities or
    commercial paper facilities that replace, refund or refinance
    any part of the loans, notes, other credit facilities or
    commitments thereunder, including any such replacement,
    refunding or refinancing facility or indenture that increases
    the amount permitted to be borrowed thereunder or alters the
    maturity thereof (<I>provided </I>that such increase in
    borrowings is permitted under &#147;Certain
    Covenants&#160;&#151; Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock&#148;) or
    adds Restricted Subsidiaries as additional borrowers or
    guarantors thereunder and whether by the same or any other
    agent, lender or group of lenders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Default</I>&#148; means any event that is, or with the
    passage of time or the giving of notice or both would be, an
    Event of Default.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Designated Non-cash Consideration</I>&#148; means the
    fair market value of non-cash consideration received by the
    Issuer or a Restricted Subsidiary in connection with an Asset
    Sale that is so designated as Designated Non-cash Consideration
    pursuant to an Officer&#146;s Certificate, setting forth the
    basis of such valuation, executed by the principal financial
    officer of the Issuer, less the amount of cash or Cash
    Equivalents received in connection with a subsequent sale of or
    collection on such Designated Non-cash Consideration.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Designated Preferred Stock</I>&#148; means Preferred
    Stock of the Issuer or any parent corporation thereof (in each
    case other than Disqualified Stock) that is issued for cash
    (other than to a Restricted Subsidiary or an employee stock
    ownership plan or trust established by the Issuer or any of its
    Subsidiaries) and is so designated as Designated Preferred
    Stock, pursuant to an Officer&#146;s Certificate executed by the
    principal financial officer of the Issuer or the applicable
    parent corporation thereof, as the case may be, on the issuance
    date thereof, the cash proceeds of which are excluded from the
    calculation set forth in clause&#160;(3) of the first paragraph
    of the &#147;Certain Covenants&#160;&#151; Limitation on
    Restricted Payments&#148; covenant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Disqualified Stock</I>&#148; means, with respect to any
    Person, any Capital Stock of such Person which, by its terms, or
    by the terms of any security into which it is convertible or for
    which it is putable or exchangeable, or upon the happening of
    any event, matures or is mandatorily redeemable (other than
    solely as a result of a change of control or asset sale)
    pursuant to a sinking fund obligation or otherwise, or is
    redeemable at the option of the holder thereof (other than
    solely as a result of a change of control or asset sale), in
    whole or in part, in each case prior to the date 91&#160;days
    after the earlier of the maturity date of the Senior Notes or
    the date the Senior Notes are no longer outstanding;
    <I>provided</I>, <I>however</I>, that if such Capital Stock is
    issued to any plan for the benefit of employees of the Issuer or
    its Subsidiaries or by any such plan to such employees, such
    Capital Stock shall not constitute Disqualified Stock solely
    because it may be required to be repurchased by the Issuer or
    its Subsidiaries in order to satisfy applicable statutory or
    regulatory obligations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>EBITDA</I>&#148; means, with respect to any Person for
    any period, the Consolidated Net Income of such Person for such
    period
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;increased (without duplication) by:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;provision for taxes based on income or profits or
    capital, including, without limitation, state, franchise and
    similar taxes (such as the Pennsylvania capital tax) and foreign
    withholding taxes of such Person paid or accrued during such
    period deducted (and not added back) in computing Consolidated
    Net Income; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Fixed Charges of such Person for such period (including
    (x)&#160;net losses or Hedging Obligations or other derivative
    instruments entered into for the purpose of hedging interest
    rate risk and (y)&#160;costs of surety bonds in connection with
    financing activities, in each case, to the extent included in
    Fixed Charges) to the extent the same was deducted (and not
    added back) in calculating such Consolidated Net Income;
    <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;Consolidated Depreciation and Amortization Expense of
    such Person for such period to the extent the same were deducted
    (and not added back) in computing Consolidated Net Income;
    <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;any expenses or charges (other than depreciation or
    amortization expense) related to any Equity Offering, Permitted
    Investment, acquisition, disposition, recapitalization or the
    incurrence of Indebtedness permitted to be incurred by the
    Indenture (including a refinancing thereof) (whether or not
    successful), including (i)&#160;such fees, expenses or charges
    related to the offering of the Senior Notes and (ii)&#160;any
    amendment or other modification of the Senior Notes, and, in
    each case, deducted (and not added back) in computing
    Consolidated Net Income; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;the amount of any restructuring charge or reserve
    deducted (and not added back) in such period in computing
    Consolidated Net Income, including any one-time costs incurred
    in connection with acquisitions after the Issue Date and costs
    related to the closure
    <FONT style="white-space: nowrap">and/or</FONT>
    consolidation of facilities; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;any other non-cash charges, including any write offs or
    write downs, reducing Consolidated Net Income for such period
    (provided that if any such non-cash charges represent an accrual
    or reserve for potential cash items in any future period, the
    cash payment in respect thereof in such future period shall be
    subtracted from EBITDA to such extent, and excluding
    amortization of a prepaid cash item that was paid in a prior
    period); <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;the amount of any minority interest expense consisting
    of Subsidiary income attributable to minority equity interests
    of third parties in any non-Wholly Owned Subsidiary deducted
    (and not added back) in such period in calculating Consolidated
    Net Income; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;the amount of management, monitoring, consulting and
    advisory fees and related expenses paid in such period to the
    Investors to the extent otherwise permitted under &#147;Certain
    Covenants&#160;&#151; Transactions with Affiliates&#148;;
    <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;the amount of net cost savings projected by the Issuer
    in good faith to be realized as a result of specified actions
    taken during such period (calculated on a pro forma basis as
    though such cost savings had been realized on the first day of
    such period), net of the amount of actual benefits realized
    during such period from such actions; provided that
    (x)&#160;such cost savings are reasonably identifiable and
    factually supportable, (y)&#160;such actions are taken within
    36&#160;months after the Issue Date and (z)&#160;the aggregate
    amount of cost savings added pursuant to this clause&#160;(i)
    shall not exceed $100.0&#160;million for any four consecutive
    quarter period (which adjustments may be incremental to pro
    forma adjustments made pursuant to the second paragraph of the
    definition of &#147;Fixed Charge Coverage Ratio&#148;);
    <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (j)&#160;the amount of loss on sale of receivables and related
    assets to the Receivables Subsidiary in connection with a
    Receivables Facility; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (k)&#160;any costs or expense incurred by the Issuer or a
    Restricted Subsidiary pursuant to any management equity plan or
    stock option plan or any other management or employee benefit
    plan or agreement or any stock subscription or shareholder
    agreement, to the extent that such cost or
</DIV>
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    expenses are funded with cash proceeds contributed to the
    capital of the Issuer or net cash proceeds of an issuance of
    Equity Interest of the Issuer (other than Disqualified Stock)
    solely to the extent that such net cash proceeds are excluded
    from the calculation set forth in clause&#160;(3) of the first
    paragraph under &#147;Certain Covenants&#160;&#151; Limitation
    on Restricted Payments&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;decreased by (without duplication) non-cash gains
    increasing Consolidated Net Income of such Person for such
    period, excluding any non-cash gains to the extent they
    represent the reversal of an accrual or reserve for a potential
    cash item that reduced EBITDA in any prior period,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;increased or decreased by (without duplication):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;any net gain or loss resulting in such period from
    Hedging Obligations and the application of Statement of
    Financial Accounting Standards No.&#160;133; <I>plus </I>or
    <I>minus</I>, as applicable,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;any net gain or loss resulting in such period from
    currency translation gains or losses related to currency
    remeasurements of Indebtedness (including any net loss or gain
    resulting from hedge agreements for currency exchange risk).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>EMU</I>&#148; means economic and monetary union as
    contemplated in the Treaty on European Union.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Equity Interests</I>&#148; means Capital Stock and all
    warrants, options or other rights to acquire Capital Stock, but
    excluding any debt security that is convertible into, or
    exchangeable for, Capital Stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Equity Offering</I>&#148; means any public or private
    sale of common stock or Preferred Stock of the Issuer or any of
    its direct or indirect parent companies (excluding Disqualified
    Stock), other than:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;public offerings with respect to the Issuer&#146;s or
    any direct or indirect parent company&#146;s common stock
    registered on
    <FONT style="white-space: nowrap">Form&#160;S-8;</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;issuances to any Subsidiary of the Issuer;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;any such public or private sale that constitutes an
    Excluded Contribution.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>euro</I>&#148; means the single currency of
    participating member states of the EMU.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Exchange Act</I>&#148; means the Securities Exchange
    Act of 1934, as amended, and the rules and regulations of the
    SEC promulgated thereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Excluded Contribution</I>&#148; means net cash
    proceeds, marketable securities or Qualified Proceeds received
    by the Issuer from
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;contributions to its common equity capital,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the sale (other than to a Subsidiary of the Issuer or
    to any management equity plan or stock option plan or any other
    management or employee benefit plan or agreement of the Issuer)
    of Capital Stock (other than Disqualified Stock and Designated
    Preferred Stock) of the Issuer,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    in each case designated as Excluded Contributions pursuant to an
    officer&#146;s certificate executed by the principal financial
    officer of the Issuer on the date such capital contributions are
    made or the date such Equity Interests are sold, as the case may
    be, which are excluded from the calculation set forth in
    clause&#160;(3) of the first paragraph under &#147;Certain
    Covenants&#160;&#151; Limitation on Restricted Payments.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Existing Senior Notes</I>&#148; means $1,600,000,000
    aggregate principal amount of SunGard&#146;s 9
    <FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">8</FONT>%&#160;senior
    notes due 2013, issued on August&#160;11, 2005 and outstanding
    on the Issue Date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Existing Senior Secured Notes</I>&#148; means
    (a)&#160;the $250.0&#160;million aggregate principal amount of
    3.75%&#160;senior notes due 2009 and
    (b)&#160;$250.0&#160;million aggregate principal amount of
    4.875%&#160;senior notes due 2014.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Existing Senior Subordinated Notes</I>&#148; means
    $1,000,000,000 aggregate principal amount of SunGard&#146;s
    10&#160;<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">4</FONT>%&#160;senior
    subordinated senior notes due 2015 issued on August&#160;11,
    2005 and outstanding on the Issue Date.
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Fixed Charge Coverage Ratio</I>&#148; means, with
    respect to any Person for any period, the ratio of EBITDA of
    such Person for such period to the Fixed Charges of such Person
    for such period. In the event that the Issuer or any Restricted
    Subsidiary incurs, assumes, guarantees, redeems, retires or
    extinguishes any Indebtedness (other than Indebtedness incurred
    under any revolving credit facility unless such Indebtedness has
    been permanently repaid and has not been replaced) or issues or
    redeems Disqualified Stock or Preferred Stock subsequent to the
    commencement of the period for which the Fixed Charge Coverage
    Ratio is being calculated but prior to or simultaneously with
    the event for which the calculation of the Fixed Charge Coverage
    Ratio is made (the &#147;<I>Fixed Charge Coverage Ratio
    Calculation Date</I>&#148;), then the Fixed Charge Coverage
    Ratio shall be calculated giving <I>pro forma</I> effect to such
    incurrence, assumption, guarantee, redemption, retirement or
    extinguishment of Indebtedness, or such issuance or redemption
    of Disqualified Stock or Preferred Stock, as if the same had
    occurred at the beginning of the applicable four-quarter period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of making the computation referred to above,
    Investments, acquisitions, dispositions, mergers, consolidations
    and disposed operations (as determined in accordance with GAAP)
    that have been made by the Issuer or any of its Restricted
    Subsidiaries during the four-quarter reference period or
    subsequent to such reference period and on or prior to or
    simultaneously with the Fixed Charge Coverage Ratio Calculation
    Date shall be calculated on a <I>pro forma </I>basis assuming
    that all such Investments, acquisitions, dispositions, mergers,
    consolidations and disposed operations (and the change in any
    associated fixed charge obligations and the change in EBITDA
    resulting therefrom) had occurred on the first day of the
    four-quarter reference period. If since the beginning of such
    period any Person that subsequently became a Restricted
    Subsidiary or was merged with or into the Issuer or any of its
    Restricted Subsidiaries since the beginning of such period shall
    have made any Investment, acquisition, disposition, merger,
    consolidation or disposed operation that would have required
    adjustment pursuant to this definition, then the Fixed Charge
    Coverage Ratio shall be calculated giving <I>pro forma
    </I>effect thereto for such period as if such Investment,
    acquisition, disposition, merger, consolidation or disposed
    operation had occurred at the beginning of the applicable
    four-quarter period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of this definition, whenever <I>pro forma
    </I>effect is to be given to a transaction, the <I>pro forma
    </I>calculations shall be made in good faith by a responsible
    financial or accounting officer of the Issuer. If any
    Indebtedness bears a floating rate of interest and is being
    given <I>pro forma </I>effect, the interest on such Indebtedness
    shall be calculated as if the rate in effect on the Fixed Charge
    Coverage Ratio Calculation Date had been the applicable rate for
    the entire period (taking into account any Hedging Obligations
    applicable to such Indebtedness). Interest on a Capitalized
    Lease Obligation shall be deemed to accrue at an interest rate
    reasonably determined by a responsible financial or accounting
    officer of the Issuer to be the rate of interest implicit in
    such Capitalized Lease Obligation in accordance with GAAP. For
    purposes of making the computation referred to above, interest
    on any Indebtedness under a revolving credit facility computed
    on a <I>pro forma </I>basis shall be computed based upon the
    average daily balance of such Indebtedness during the applicable
    period except as set forth in the first paragraph of this
    definition. Interest on Indebtedness that may optionally be
    determined at an interest rate based upon a factor of a prime or
    similar rate, a eurocurrency interbank offered rate, or other
    rate, shall be deemed to have been based upon the rate actually
    chosen, or, if none, then based upon such optional rate chosen
    as the Issuer may designate.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Fixed Charges</I>&#148; means, with respect to any
    Person for any period, the sum of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;Consolidated Interest Expense of such Person for such
    period;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;all cash dividends or other distributions paid
    (excluding items eliminated in consolidation) on any series of
    Preferred Stock during such period;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;all cash dividends or other distributions paid
    (excluding items eliminated in consolidation) on any series of
    Disqualified Stock during such period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Foreign Subsidiary</I>&#148; means, with respect to any
    Person, any Restricted Subsidiary of such Person that is not
    organized or existing under the laws of the United States, any
    state thereof, the District of Columbia, or any territory
    thereof and any Restricted Subsidiary of such Foreign Subsidiary.
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>GAAP</I>&#148; means generally accepted accounting
    principles in the United States which are in effect on the Issue
    Date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>GL Trade Block</I>&#148; means approximately 64.5% of
    the outstanding equity interests of GL Trade S.A., a French
    company, as described in this offering circular under the
    caption &#147;Offering Circular Summary&#160;&#151; Recent
    Developments&#160;&#151; Acquisition of GL Trade&#148;, on
    substantially the terms described in the offering circular or on
    any other terms agreed to by the Issuer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Government Securities</I>&#148; means securities that
    are:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;direct obligations of the United States of America for
    the timely payment of which its full faith and credit is
    pledged;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;obligations of a Person controlled or supervised by and
    acting as an agency or instrumentality of the United States of
    America the timely payment of which is unconditionally
    guaranteed as a full faith and credit obligation by the United
    States of America,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    which, in either case, are not callable or redeemable at the
    option of the issuers thereof, and shall also include a
    depository receipt issued by a bank (as defined in
    Section&#160;3(a)(2) of the Securities Act), as custodian with
    respect to any such Government Securities or a specific payment
    of principal of or interest on any such Government Securities
    held by such custodian for the account of the holder of such
    depository receipt; <I>provided </I>that (except as required by
    law) such custodian is not authorized to make any deduction from
    the amount payable to the holder of such depository receipt from
    any amount received by the custodian in respect of the
    Government Securities or the specific payment of principal of or
    interest on the Government Securities evidenced by such
    depository receipt.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>guarantee</I>&#148; means a guarantee (other than by
    endorsement of negotiable instruments for collection in the
    ordinary course of business), direct or indirect, in any manner
    (including letters of credit and reimbursement agreements in
    respect thereof), of all or any part of any Indebtedness or
    other obligations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Guarantee</I>&#148; means the guarantee by any
    Guarantor of the Issuer&#146;s Obligations under the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Guarantor</I>&#148; means, each Restricted Subsidiary
    that Guarantees the Senior Notes in accordance with the terms of
    the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Hedging Obligations</I>&#148; means, with respect to
    any Person, the obligations of such Person under any interest
    rate swap agreement, interest rate cap agreement, interest rate
    collar agreement, commodity swap agreement, commodity cap
    agreement, commodity collar agreement, foreign exchange
    contract, currency swap agreement or similar agreement providing
    for the transfer or mitigation of interest rate or currency
    risks either generally or under specific contingencies.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Holder</I>&#148; means the Person in whose name a
    Senior Note is registered on the registrar&#146;s books.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Indebtedness</I>&#148; means, with respect to any
    Person, without duplication:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any indebtedness (including principal and premium) of
    such Person, whether or not contingent:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;in respect of borrowed money;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;evidenced by bonds, notes, debentures or similar
    instruments or letters of credit or bankers&#146; acceptances
    (or, without duplication, reimbursement agreements in respect
    thereof);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;representing the balance deferred and unpaid of the
    purchase price of any property (including Capitalized Lease
    Obligations), except (i)&#160;any such balance that constitutes
    a trade payable or similar obligation to a trade creditor, in
    each case accrued in the ordinary course of business and
    (ii)&#160;any earn-out obligations until such obligation becomes
    a liability on the balance sheet of such Person in accordance
    with GAAP;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;representing any Hedging Obligations;
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    if and to the extent that any of the foregoing Indebtedness
    (other than letters of credit and Hedging Obligations) would
    appear as a liability upon a balance sheet (excluding the
    footnotes thereto) of such Person prepared in accordance with
    GAAP;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;to the extent not otherwise included, any obligation by
    such Person to be liable for, or to pay, as obligor, guarantor
    or otherwise, on the obligations of the type referred to in
    clause&#160;(1) of a third Person (whether or not such items
    would appear upon the balance sheet of the such obligor or
    guarantor), other than by endorsement of negotiable instruments
    for collection in the ordinary course of business;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;to the extent not otherwise included, the obligations
    of the type referred to in clause&#160;(1) of a third Person
    secured by a Lien on any asset owned by such first Person,
    whether or not such Indebtedness is assumed by such first Person;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided</I>, <I>however</I>, that notwithstanding the
    foregoing, Indebtedness shall be deemed not to include
    (a)&#160;Contingent Obligations incurred in the ordinary course
    of business or (b)&#160;obligations under or in respect of
    Receivables Facilities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Independent Financial Advisor</I>&#148; means an
    accounting, appraisal, investment banking firm or consultant to
    Persons engaged in Similar Businesses of nationally recognized
    standing that is, in the good faith judgment of the Issuer,
    qualified to perform the task for which it has been engaged.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Initial Purchasers</I>&#148; means Goldman,
    Sachs&#160;&#038; Co., Citigroup Global Markets Inc., Lehman
    Brothers Inc. and KKR Capital Markets LLC.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Investment Grade Rating</I>&#148; means a rating equal
    to or higher than Baa3 (or the equivalent) by Moody&#146;s and
    BBB- (or the equivalent) by S&#038;P, or an equivalent rating by
    any other Rating Agency.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Investment Grade Securities</I>&#148; means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;securities issued or directly and fully guaranteed or
    insured by the United States government or any agency or
    instrumentality thereof (other than Cash Equivalents);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;debt securities or debt instruments with an Investment
    Grade Rating, but excluding any debt securities or instruments
    constituting loans or advances among the Issuer and its
    Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;investments in any fund that invests exclusively in
    investments of the type described in clauses&#160;(1) and
    (2)&#160;which fund may also hold immaterial amounts of cash
    pending investment or distribution;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;corresponding instruments in countries other than the
    United States customarily utilized for high quality investments.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Investments</I>&#148; means, with respect to any
    Person, all investments by such Person in other Persons
    (including Affiliates) in the form of loans (including
    guarantees), advances or capital contributions (excluding
    accounts receivable, trade credit, advances to customers,
    commission, travel and similar advances to officers and
    employees, in each case made in the ordinary course of
    business), purchases or other acquisitions for consideration of
    Indebtedness, Equity Interests or other securities issued by any
    other Person and investments that are required by GAAP to be
    classified on the balance sheet (excluding the footnotes) of the
    Issuer in the same manner as the other investments included in
    this definition to the extent such transactions involve the
    transfer of cash or other property. For purposes of the
    definition of &#147;Unrestricted Subsidiary&#148; and the
    covenant described under &#147;Certain Covenants&#160;&#151;
    Limitation on Restricted Payments&#148;:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;&#147;Investments&#148; shall include the portion
    (proportionate to the Issuer&#146;s equity interest in such
    Subsidiary) of the fair market value of the net assets of a
    Subsidiary of the Issuer at the time that such Subsidiary is
    designated an Unrestricted Subsidiary; <I>provided</I>,
    <I>however</I>, that upon a redesignation of such Subsidiary as
    a Restricted Subsidiary, the Issuer shall be deemed to continue
    to have a permanent &#147;Investment&#148; in an Unrestricted
    Subsidiary in an amount (if positive) equal to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the Issuer &#147;Investment&#148; in such Subsidiary at
    the time of such redesignation; less
</DIV>
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    190
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the portion (proportionate to the Issuer equity
    interest in such Subsidiary) of the fair market value of the net
    assets of such Subsidiary at the time of such
    redesignation;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;any property transferred to or from an Unrestricted
    Subsidiary shall be valued at its fair market value at the time
    of such transfer, in each case as determined in good faith by
    the Issuer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Investors</I>&#148; means Silver Lake Partners, Bain
    Capital Partners, The Blackstone Group, Goldman Sachs Capital
    Partners, Kohlberg Kravis Roberts&#160;&#038; Co. L.P.,
    Providence Equity Partners, Inc., Texas Pacific Group and each
    of their respective Affiliates but not including, however, any
    portfolio companies of any of the foregoing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Issue Date</I>&#148; means September&#160;29, 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Issuer</I>&#148; has the meaning set forth in the first
    paragraph under &#147;General&#148;; <I>provided </I>that when
    used in the context of determining the fair market value of an
    asset or liability under the Indenture, &#147;Issuer&#148; shall
    be deemed to mean the board of directors of the Issuer when the
    fair market value is equal to or in excess of
    $250.0&#160;million (unless otherwise expressly stated).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Legal Holiday</I>&#148; means a Saturday, a Sunday or a
    day on which commercial banking institutions are not required to
    be open in the State of New York.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Lien</I>&#148; means, with respect to any asset, any
    mortgage, lien (statutory or otherwise), pledge, hypothecation,
    charge, security interest, preference, priority or encumbrance
    of any kind in respect of such asset, whether or not filed,
    recorded or otherwise perfected under applicable law, including
    any conditional sale or other title retention agreement, any
    lease in the nature thereof, any option or other agreement to
    sell or give a security interest in and any filing of or
    agreement to give any financing statement under the Uniform
    Commercial Code (or equivalent statutes) of any jurisdiction;
    <I>provided </I>that in no event shall an operating lease be
    deemed to constitute a Lien.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Moody&#146;s</I>&#148; means Moody&#146;s Investors
    Service, Inc. and any successor to its rating agency business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Net Income</I>&#148; means, with respect to any Person,
    the net income (loss) of such Person, determined in accordance
    with GAAP and before any reduction in respect of Preferred Stock
    dividends.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Net Proceeds</I>&#148; means the aggregate cash
    proceeds received by the Issuer or any of its Restricted
    Subsidiaries in respect of any Asset Sale, including any cash
    received upon the sale or other disposition of any Designated
    Non-cash Consideration received in any Asset Sale, net of the
    direct costs relating to such Asset Sale and the sale or
    disposition of such Designated Non-cash Consideration, including
    legal, accounting and investment banking fees, and brokerage and
    sales commissions, any relocation expenses incurred as a result
    thereof, taxes paid or payable as a result thereof (after taking
    into account any available tax credits or deductions and any tax
    sharing arrangements), amounts required to be applied to the
    repayment of principal, premium, if any, and interest on Senior
    Indebtedness required (other than required by clause&#160;(1) of
    the second paragraph of &#147;Repurchase at the Option of
    Holders&#160;&#151; Asset Sales&#148;) to be paid as a result of
    such transaction and any deduction of appropriate amounts to be
    provided by the Issuer or any of its Restricted Subsidiaries as
    a reserve in accordance with GAAP against any liabilities
    associated with the asset disposed of in such transaction and
    retained by the Issuer or any of its Restricted Subsidiaries
    after such sale or other disposition thereof, including pension
    and other post-employment benefit liabilities and liabilities
    related to environmental matters or against any indemnification
    obligations associated with such transaction.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Obligations</I>&#148; means any principal, interest
    (including any interest accruing subsequent to the filing of a
    petition in bankruptcy, reorganization or similar proceeding at
    the rate provided for in the documentation with respect thereto,
    whether or not such interest is an allowed claim under
    applicable state, federal or foreign law), penalties, fees,
    indemnifications, reimbursements (including reimbursement
    obligations with respect to letters of credit and banker&#146;s
    acceptances), damages and other liabilities, and guarantees of
    payment of such principal, interest, penalties, fees,
    indemnifications, reimbursements, damages and other liabilities,
    payable under the documentation governing any Indebtedness.
</DIV>
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    191
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Officer</I>&#148; means the Chairman of the Board, the
    Chief Executive Officer, the President, any Executive Vice
    President, Senior Vice President or Vice President, the
    Treasurer or the Secretary of the Issuer or a Guarantor, as
    applicable.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Officer&#146;s Certificate</I>&#148; means a
    certificate signed on behalf of the Issuer by an Officer of the
    Issuer or on behalf of a Guarantor by an Officer of such
    Guarantor, who must be the principal executive officer, the
    principal financial officer, the treasurer or the principal
    accounting officer of the Issuer, that meets the requirements
    set forth in the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Opinion of Counsel</I>&#148; means a written opinion
    from legal counsel who is acceptable to the Trustee. The counsel
    may be an employee of or counsel to the Issuer or the Trustee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Permitted Asset Swap</I>&#148; means the concurrent
    purchase and sale or exchange of Related Business Assets or a
    combination of Related Business Assets and cash or Cash
    Equivalents between the Issuer or any of its Restricted
    Subsidiaries and another Person; <I>provided</I>, that any cash
    or Cash Equivalents received must be applied in accordance with
    the &#147;Repurchase at the Option of Holders&#160;&#151; Asset
    Sales&#148; covenant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Permitted Holders</I>&#148; means each of the Investors
    and members of management of the Issuer (or its direct parent)
    who are holders of Equity Interests of the Issuer (or any of its
    direct or indirect parent companies) on the Issue Date and any
    group (within the meaning of Section 13(d)(3) or
    Section&#160;14(d)(2) of the Exchange Act or any successor
    provision) of which any of the foregoing are members;
    <I>provided</I>, that, in the case of such group and without
    giving effect to the existence of such group or any other group,
    such Investors and members of management, collectively, have
    beneficial ownership of more than 50% of the total voting power
    of the Voting Stock of the Issuer or any of its direct or
    indirect parent companies.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Permitted Investments</I>&#148; means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any Investment in the Issuer or any of its Restricted
    Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;any Investment in cash and Cash Equivalents or
    Investment Grade Securities;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;any Investment by the Issuer or any of its Restricted
    Subsidiaries in a Person that is engaged in a Similar Business
    if as a result of such Investment:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;such Person becomes a Restricted Subsidiary;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;such Person, in one transaction or a series of related
    transactions, is merged or consolidated with or into, or
    transfers or conveys substantially all of its assets to, or is
    liquidated into, the Issuer or a Restricted Subsidiary,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and, in each case, any Investment held by such Person;
    <I>provided, </I>that such Investment was not acquired by such
    Person in contemplation of such acquisition, merger,
    consolidation or transfer;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;any Investment in securities or other assets not
    constituting cash, Cash Equivalents or Investment Grade
    Securities and received in connection with an Asset Sale made
    pursuant to the provisions of &#147;Repurchase at the Option of
    Holders&#160;&#151; Asset Sales&#148; or any other disposition
    of assets not constituting an Asset Sale;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;any Investment existing on the Issue Date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;any Investment acquired by the Issuer or any of its
    Restricted Subsidiaries:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;in exchange for any other Investment or accounts
    receivable held by the Issuer or any such Restricted Subsidiary
    in connection with or as a result of a bankruptcy, workout,
    reorganization or recapitalization of the issuer of such other
    Investment or accounts receivable;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;as a result of a foreclosure by the Issuer or any of
    its Restricted Subsidiaries with respect to any secured
    Investment or other transfer of title with respect to any
    secured Investment in default;
</DIV>
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    <BR>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;Hedging Obligations permitted under clause&#160;(10) of
    the covenant described in &#147;Certain Covenants&#160;&#151;
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;any Investment in a Similar Business having an
    aggregate fair market value, taken together with all other
    Investments made pursuant to this clause&#160;(8) that are at
    that time outstanding, not to exceed 2.5% of Total Assets at the
    time of such Investment (with the fair market value of each
    Investment being measured at the time made and without giving
    effect to subsequent changes in value);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;Investments the payment for which consists of Equity
    Interests (exclusive of Disqualified Stock) of the Issuer, or
    any of its direct or indirect parent companies; <I>provided</I>,
    <I>however</I>, that such Equity Interests will not increase the
    amount available for Restricted Payments under clause&#160;(3)
    of the first paragraph under the covenant described in
    &#147;Certain Covenants&#160;&#151; Limitations on Restricted
    Payments&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;guarantees of Indebtedness permitted under the
    covenant described in &#147;Certain Covenants&#160;&#151;
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;any transaction to the extent it constitutes an
    Investment that is permitted and made in accordance with the
    provisions of the second paragraph of the covenant described
    under &#147;Certain Covenants&#160;&#151; Transactions with
    Affiliates&#148; (except transactions described in clauses (2),
    (5)&#160;and (9)&#160;of such paragraph);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (12)&#160;Investments consisting of purchases and acquisitions
    of inventory, supplies, material or equipment;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (13)&#160;additional Investments having an aggregate fair market
    value, taken together with all other Investments made pursuant
    to this clause&#160;(13) that are at that time outstanding
    (without giving effect to the sale of an Unrestricted Subsidiary
    to the extent the proceeds of such sale do not consist of cash
    or marketable securities), not to exceed 3.5% of Total Assets at
    the time of such Investment (with the fair market value of each
    Investment being measured at the time made and without giving
    effect to subsequent changes in value);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (14)&#160;Investments relating to a Receivables Subsidiary that,
    in the good faith determination of the Issuer are necessary or
    advisable to effect any Receivables Facility;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (15)&#160;advances to, or guarantees of Indebtedness of,
    employees not in excess of $15.0&#160;million outstanding at any
    one time, in the aggregate;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (16)&#160;loans and advances to officers, directors and
    employees for business-related travel expenses, moving expenses
    and other similar expenses, in each case incurred in the
    ordinary course of business or consistent with past practices or
    to fund such Person&#146;s purchase of Equity Interests of the
    Issuer or any direct or indirect parent company thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Permitted Liens</I>&#148; means, with respect to any
    Person:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;pledges or deposits by such Person under workmen&#146;s
    compensation laws, unemployment insurance laws or similar
    legislation, or good faith deposits in connection with bids,
    tenders, contracts (other than for the payment of Indebtedness)
    or leases to which such Person is a party, or deposits to secure
    public or statutory obligations of such Person or deposits of
    cash or U.S.&#160;government bonds to secure surety or appeal
    bonds to which such Person is a party, or deposits as security
    for contested taxes or import duties or for the payment of rent,
    in each case incurred in the ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;Liens imposed by law, such as carriers&#146;,
    warehousemen&#146;s and mechanics&#146; Liens, in each case for
    sums not yet overdue for a period of more than 30&#160;days or
    being contested in good faith by appropriate proceedings or
    other Liens arising out of judgments or awards against such
    Person with respect to which such Person shall then be
    proceeding with an appeal or other proceedings for review if
    adequate reserves with respect thereto are maintained on the
    books of such Person in accordance with GAAP;
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;Liens for taxes, assessments or other governmental
    charges not yet overdue for a period of more than 30&#160;days
    or payable or subject to penalties for nonpayment or which are
    being contested in good faith by appropriate proceedings
    diligently conducted, if adequate reserves with respect thereto
    are maintained on the books of such Person in accordance with
    GAAP;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;Liens in favor of issuers of performance and surety
    bonds or bid bonds or with respect to other regulatory
    requirements or letters of credit issued pursuant to the request
    of and for the account of such Person in the ordinary course of
    its business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;minor survey exceptions, minor encumbrances, easements
    or reservations of, or rights of others for, licenses,
    <FONT style="white-space: nowrap">rights-of-way,</FONT>
    sewers, electric lines, telegraph and telephone lines and other
    similar purposes, or zoning or other restrictions as to the use
    of real properties or Liens incidental, to the conduct of the
    business of such Person or to the ownership of its properties
    which were not incurred in connection with Indebtedness and
    which do not in the aggregate materially adversely affect the
    value of said properties or materially impair their use in the
    operation of the business of such Person;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;Liens securing Indebtedness permitted to be incurred
    pursuant to clause (4), (12)(b), (18)&#160;or (19)&#160;of the
    second paragraph under &#147;Certain Covenants&#160;&#151;
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock&#148;; <I>provided
    </I>that Liens securing Indebtedness permitted to be incurred
    pursuant to clause&#160;(18) extend only to the assets of
    Foreign Subsidiaries and Liens securing Indebtedness permitted
    to be incurred pursuant to clause&#160;(19) are solely on
    acquired property or the assets of the acquired entity, as the
    case may be;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;Liens existing on the Issue Date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;Liens on property or shares of stock of a Person at the
    time such Person becomes a Subsidiary; <I>provided</I>,
    <I>however</I>, such Liens are not created or incurred in
    connection with, or in contemplation of, such other Person
    becoming such a Subsidiary; <I>provided</I>, <I>further</I>,
    <I>however</I>, that such Liens may not extend to any other
    property owned by the Issuer or any of its Restricted
    Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;Liens on property at the time the Issuer or a
    Restricted Subsidiary acquired the property, including any
    acquisition by means of a merger or consolidation with or into
    the Issuer or any of its Restricted Subsidiaries;
    <I>provided</I>, <I>however</I>, that such Liens are not created
    or incurred in connection with, or in contemplation of, such
    acquisition; <I>provided</I>, <I>further</I>, <I>however</I>,
    that the Liens may not extend to any other property owned by the
    Issuer or any of its Restricted Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;Liens securing Indebtedness or other obligations of a
    Restricted Subsidiary owing to the Issuer or another Restricted
    Subsidiary permitted to be incurred in accordance with the
    covenant described under &#147;Certain Covenants&#160;&#151;
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;Liens securing Hedging Obligations so long as related
    Indebtedness is, and is permitted to be under the Indenture,
    secured by a Lien on the same property securing such Hedging
    Obligations;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (12)&#160;Liens on specific items of inventory of other goods
    and proceeds of any Person securing such Person&#146;s
    obligations in respect of bankers&#146; acceptances issued or
    created for the account of such Person to facilitate the
    purchase, shipment or storage of such inventory or other goods;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (13)&#160;leases, subleases, licenses or sublicenses granted to
    others in the ordinary course of business which do not
    materially interfere with the ordinary conduct of the business
    of the Issuer or any of its Restricted Subsidiaries and do not
    secure any Indebtedness;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (14)&#160;Liens arising from Uniform Commercial Code financing
    statement filings regarding operating leases entered into by the
    Issuer and its Restricted Subsidiaries in the ordinary course of
    business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (15)&#160;Liens in favor of the Issuer or any Guarantor;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (16)&#160;Liens on equipment of the Issuer or any of its
    Restricted Subsidiaries granted in the ordinary course of
    business to the Issuer&#146;s clients;
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (17)&#160;Liens on accounts receivable and related assets
    incurred in connection with a Receivables Facility;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (18)&#160;Liens to secure any refinancing, refunding, extension,
    renewal or replacement (or successive refinancing, refunding,
    extensions, renewals or replacements) as a whole, or in part, of
    any Indebtedness secured by any Lien referred to in the
    foregoing clauses (6), (7), (8), (9)&#160;and (27);
    <I>provided</I>, <I>however</I>, that (a)&#160;such new Lien
    shall be limited to all or part of the same property that
    secured the original Lien (plus improvements on such property),
    and (b)&#160;the Indebtedness secured by such Lien at such time
    is not increased to any amount greater than the sum of
    (i)&#160;the outstanding principal amount or, if greater,
    committed amount of the Indebtedness described under clauses
    (6), (7), (8), (9)&#160;and (27)&#160;at the time the original
    Lien became a Permitted Lien under the Indenture, and
    (ii)&#160;an amount necessary to pay any fees and expenses,
    including premiums, related to such refinancing, refunding,
    extension, renewal or replacement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (19)&#160;deposits made in the ordinary course of business to
    secure liability to insurance carriers;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (20)&#160;other Liens securing obligations incurred in the
    ordinary course of business which obligations do not exceed
    $50.0&#160;million at any one time outstanding;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (21)&#160;Liens securing judgments for the payment of money not
    constituting an Event of Default under clause&#160;(5) under the
    caption &#147;Events of Default and Remedies&#148; so long as
    such Liens are adequately bonded and any appropriate legal
    proceedings that may have been duly initiated for the review of
    such judgment have not been finally terminated or the period
    within which such proceedings may be initiated has not expired;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (22)&#160;Liens in favor of customs and revenue authorities
    arising as a matter of law to secure payment of customs duties
    in connection with the importation of goods in the ordinary
    course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (23)&#160;Liens (i)&#160;of a collection bank arising under
    <FONT style="white-space: nowrap">Section&#160;4-210</FONT>
    of the Uniform Commercial Code on items in the course of
    collection, (ii)&#160;attaching to commodity trading accounts or
    other commodity brokerage accounts incurred in the ordinary
    course of business, and (iii)&#160;in favor of banking
    institutions arising as a matter of law encumbering deposits
    (including the right of set-off) and which are within the
    general parameters customary in the banking industry;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (24)&#160;Liens deemed to exist in connection with Investments
    in repurchase agreements permitted under &#147;Certain
    Covenants&#160;&#151; Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock&#148;;
    <I>provided </I>that such Liens do not extend to any assets
    other than those that are the subject of such repurchase
    agreement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (25)&#160;Liens encumbering reasonable customary initial
    deposits and margin deposits and similar Liens attaching to
    commodity trading accounts or other brokerage accounts incurred
    in the ordinary course of business and not for speculative
    purposes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (26)&#160;Liens that are contractual rights of set-off
    (i)&#160;relating to the establishment of depository relations
    with banks not given in connection with the issuance of
    Indebtedness, (ii)&#160;relating to pooled deposit or sweep
    accounts of the Issuer or any of its Restricted Subsidiaries to
    permit satisfaction of overdraft or similar obligations incurred
    in the ordinary course of business of the Issuer and its
    Restricted Subsidiaries or (iii)&#160;relating to purchase
    orders and other agreements entered into with customers of the
    Issuer or any of its Restricted Subsidiaries in the ordinary
    course of business;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (27)&#160;Liens to secure the Existing Senior Secured Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of this definition, the term
    &#147;Indebtedness&#148; shall be deemed to include interest on
    such Indebtedness.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Person</I>&#148; means any individual, corporation,
    limited liability company, partnership, joint venture,
    association, joint stock company, trust, unincorporated
    organization, government or any agency or political subdivision
    thereof or any other entity.
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Preferred Stock</I>&#148; means any Equity Interest
    with preferential rights of payment of dividends or upon
    liquidation, dissolution, or winding up.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Qualified Proceeds</I>&#148; means assets that are used
    or useful in, or Capital Stock of any Person engaged in, a
    Similar Business; <I>provided </I>that the fair market value of
    any such assets or Capital Stock shall be determined by the
    Issuer in good faith.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Rating Agencies</I>&#148; means Moody&#146;s and
    S&#038;P or if Moody&#146;s or S&#038;P or both shall not make a
    rating on the Senior Notes publicly available, a nationally
    recognized statistical rating agency or agencies, as the case
    may be, selected by the Issuer which shall be substituted for
    Moody&#146;s or S&#038;P or both, as the case may be.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Receivables Facility</I>&#148; means any of one or more
    receivables financing facilities as amended, supplemented,
    modified, extended, renewed, restated or refunded from time to
    time, the Obligations of which are non-recourse (except for
    customary representations, warranties, covenants and indemnities
    made in connection with such facilities) to the Issuer or any of
    its Restricted Subsidiaries (other than a Receivables
    Subsidiary) pursuant to which the Issuer or any of its
    Restricted Subsidiaries sells its accounts receivable to either
    (a)&#160;a Person that is not a Restricted Subsidiary or
    (b)&#160;a Receivables Subsidiary that in turn sells its
    accounts receivable to a Person that is not a Restricted
    Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Receivables Fees</I>&#148; means distributions or
    payments made directly or by means of discounts with respect to
    any accounts receivable or participation interest therein issued
    or sold in connection with, and other fees paid to a Person that
    is not a Restricted Subsidiary in connection with, any
    Receivables Facility.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Receivables Subsidiary</I>&#148; means any Subsidiary
    formed for the purpose of, and that solely engages only in one
    or more Receivables Facilities and other activities reasonably
    related thereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Registration Rights Agreement</I>&#148; means the
    Registration Rights Agreement related to the Senior Notes dated
    as of the Issue Date, among the Issuer, the Guarantors and the
    Initial Purchasers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Related Business Assets</I>&#148; means assets (other
    than cash or Cash Equivalents) used or useful in a Similar
    Business, <I>provided </I>that any assets received by the Issuer
    or a Restricted Subsidiary in exchange for assets transferred by
    the Issuer or a Restricted Subsidiary shall not be deemed to be
    Related Business Assets if they consist of securities of a
    Person, unless upon receipt of the securities of such Person,
    such Person would become a Restricted Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Restricted Investment</I>&#148; means an Investment
    other than a Permitted Investment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Restricted Subsidiary</I>&#148; means, at any time, any
    direct or indirect Subsidiary of the Issuer (including any
    Foreign Subsidiary) that is not then an Unrestricted Subsidiary;
    <I>provided</I>, <I>however</I>, that upon the occurrence of an
    Unrestricted Subsidiary ceasing to be an Unrestricted
    Subsidiary, such Subsidiary shall be included in the definition
    of &#147;Restricted Subsidiary.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>S&#038;P</I>&#148; means Standard&#160;&#038;
    Poor&#146;s, a division of The McGraw-Hill Companies, Inc., and
    any successor to its rating agency business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Sale and Lease-Back Transaction</I>&#148; means any
    arrangement providing for the leasing by the Issuer or any of
    its Restricted Subsidiaries of any real or tangible personal
    property, which property has been or is to be sold or
    transferred by the Issuer or such Restricted Subsidiary to a
    third Person in contemplation of such leasing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>SEC</I>&#148; means the U.S.&#160;Securities and
    Exchange Commission.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Secured Indebtedness</I>&#148; means any Indebtedness
    of the Issuer or any of its Restricted Subsidiaries secured by a
    Lien.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Securities Act</I>&#148; means the Securities Act of
    1933, as amended, and the rules and regulations of the SEC
    promulgated thereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Senior Credit Facilities</I>&#148; means the Credit
    Facility under the Credit Agreement dated as of August&#160;11,
    2005, as amended as of the Issue Date, by and among SunGard
    Holdco LLC, the Issuer, the lenders party
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    thereto in their capacities as lenders thereunder and JPMorgan
    Chase Bank, N.A., as Administrative Agent, including any
    guarantees, collateral documents, instruments and agreements
    executed in connection therewith, and any amendments,
    supplements, modifications, extensions, renewals, restatements,
    refundings or refinancings thereof and any indentures or credit
    facilities or commercial paper facilities with banks or other
    institutional lenders or investors that replace, refund or
    refinance any part of the loans, notes, other credit facilities
    or commitments thereunder, including any such replacement,
    refunding or refinancing facility or indenture that increases
    the amount borrowable thereunder or alters the maturity thereof
    (<I>provided</I> that such increase in borrowings is permitted
    under &#147;Certain Covenants&#160;&#151; Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock&#148; above).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Senior Indebtedness</I>&#148; means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;all Indebtedness of the Issuer or any Guarantor
    outstanding under the Senior Credit Facilities, the Existing
    Senior Secured Notes, the Existing Senior Notes or Senior Notes
    and related Guarantees (including interest accruing on or after
    the filing of any petition in bankruptcy or similar proceeding
    or for reorganization of the Issuer or any Guarantor (at the
    rate provided for in the documentation with respect thereto,
    regardless of whether or not a claim for post-filing interest is
    allowed in such proceedings)), and any and all other fees,
    expense reimbursement obligations, indemnification amounts,
    penalties, and other amounts (whether existing on the Issue Date
    or thereafter created or incurred) and all obligations of the
    Issuer or any Guarantor to reimburse any bank or other Person in
    respect of amounts paid under letters of credit, acceptances or
    other similar instruments;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;all Hedging Obligations (and guarantees thereof) owing
    to a Lender (as defined in the Senior Credit Facilities) or any
    Affiliate of such Lender (or any Person that was a Lender or an
    Affiliate of such Lender at the time the applicable agreement
    giving rise to such Hedging Obligation was entered into),
    <I>provided </I>that such Hedging Obligations are permitted to
    be incurred under the terms of the Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;any other Indebtedness of the Issuer or any Guarantor
    permitted to be incurred under the terms of the Indenture,
    unless the instrument under which such Indebtedness is incurred
    expressly provides that it is on a parity with or subordinated
    in right of payment to the Senior Subordinated Notes or any
    related Guarantee; and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;all Obligations with respect to the items listed in the
    preceding clauses (1), (2)&#160;and (3);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided</I>, <I>however</I>, that Senior Indebtedness shall
    not include:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;any obligation of such Person to the Issuer or any of
    its Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;any liability for federal, state, local or other taxes
    owed or owing by such Person;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;any accounts payable or other liability to trade
    creditors arising in the ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;any Indebtedness or other Obligation of such Person
    which is subordinate or junior in any respect to any other
    Indebtedness or other Obligation of such Person;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;that portion of any Indebtedness which at the time of
    incurrence is incurred in violation of the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Significant Subsidiary</I>&#148; means any Restricted
    Subsidiary that would be a &#147;significant subsidiary&#148; as
    defined in Article&#160;1,
    <FONT style="white-space: nowrap">Rule&#160;1-02</FONT>
    of Regulation S-X, promulgated pursuant to the Securities Act,
    as such regulation is in effect on the Issue Date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Similar Business</I>&#148; means any business conducted
    or proposed to be conducted by the Issuer and its Restricted
    Subsidiaries on the Issue Date or any business that is similar,
    reasonably related, incidental or ancillary thereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Sponsor Management Agreement</I>&#148; means the
    management agreement between certain of the management companies
    associated with the Investors and SunGard.
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Subordinated Indebtedness</I>&#148; means, with respect
    to the Senior Notes,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any Indebtedness of the Issuer which is by its terms
    subordinated in right of payment to the Senior Notes,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;any Indebtedness of any Guarantor which is by its terms
    subordinated in right of payment to the Guarantee of such entity
    of the Senior Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Subsidiary</I>&#148; means, with respect to any Person:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any corporation, association, or other business entity
    (other than a partnership, joint venture, limited liability
    company or similar entity) of which more than 50% of the total
    voting power of shares of Capital Stock entitled (without regard
    to the occurrence of any contingency) to vote in the election of
    directors, managers or trustees thereof is at the time of
    determination owned or controlled, directly or indirectly, by
    such Person or one or more of the other Subsidiaries of that
    Person or a combination thereof or is consolidated under GAAP
    with such Person at such time;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;any partnership, joint venture, limited liability
    company or similar entity of which
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (x)&#160;more than 50% of the capital accounts, distribution
    rights, total equity and voting interests or general or limited
    partnership interests, as applicable, are owned or controlled,
    directly or indirectly, by such Person or one or more of the
    other Subsidiaries of that Person or a combination thereof
    whether in the form of membership, general, special or limited
    partnership or otherwise,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (y)&#160;such Person or any Restricted Subsidiary of such Person
    is a controlling general partner or otherwise controls such
    entity.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Total Assets</I>&#148; means the total assets of the
    Issuer and its Restricted Subsidiaries on a consolidated basis,
    as shown on the most recent balance sheet of the Issuer or such
    other Person as may be expressly stated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Transaction</I>&#148; means the transactions
    contemplated by the Transaction Agreement, the issuance of the
    Existing Senior Notes and the Existing Senior Subordinated
    Notes, the granting of Liens on the Existing Senior Secured
    Notes, fundings under any Receivables Facility and borrowings
    under the Senior Credit Facilities as in effect on or since
    August&#160;11, 2005.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Transaction Agreement</I>&#148; means the Agreement and
    Plan of Merger, dated as of March&#160;27, 2005 between Solar
    Capital Corp. and SunGard as amended from time to time prior to
    August&#160;11, 2005.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Treasury Rate</I>&#148; means, as of any
    Redemption&#160;Date, the yield to maturity as of such
    Redemption&#160;Date of United States Treasury securities with a
    constant maturity (as compiled and published in the most recent
    Federal Reserve Statistical Release H.15 (519)&#160;that has
    become publicly available at least two Business Days prior to
    the Redemption&#160;Date (or, if such Statistical Release is no
    longer published, any publicly available source of similar
    market data)) most nearly equal to the period from the
    Redemption Date to April&#160;1, 2012; <I>provided</I>,
    <I>however</I>, that if the period from the Redemption&#160;Date
    to April&#160;1, 2012 is less than one year, the weekly average
    yield on actually traded United States Treasury securities
    adjusted to a constant maturity of one year will be used.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Trust&#160;Indenture Act</I>&#148; means the
    Trust&#160;Indenture Act of 1939, as amended (15 U.S.C
    <FONT style="white-space: nowrap">&#167;&#167;&#160;77aaa-777bbbb).</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Unrestricted Subsidiary</I>&#148; means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any Subsidiary of the Issuer which at the time of
    determination is an Unrestricted Subsidiary (as designated by
    the Issuer, as provided below);&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;any Subsidiary of an Unrestricted Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer may designate any Subsidiary of the Issuer (including
    any existing Subsidiary and any newly acquired or newly formed
    Subsidiary) to be an Unrestricted Subsidiary unless such
    Subsidiary or any of its Subsidiaries owns any Equity Interests
    or Indebtedness of, or owns or holds any Lien on, any property
    of, the Issuer or any Subsidiary of the Issuer (other than
    solely any Subsidiary of the Subsidiary to be so designated);
    <I>provided </I>that
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any Unrestricted Subsidiary must be an entity of which
    the Equity Interests entitled to cast at least a majority of the
    votes that may be cast by all Equity Interests having ordinary
    voting power for the election of directors or Persons performing
    a similar function are owned, directly or indirectly, by the
    Issuer;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;such designation complies with the covenants described
    under &#147;Certain Covenants&#160;&#151; Limitation on
    Restricted Payments&#148;;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;each of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the Subsidiary to be so designated;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;its Subsidiaries
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    has not at the time of designation, and does not thereafter,
    create, incur, issue, assume, guarantee or otherwise become
    directly or indirectly liable with respect to any Indebtedness
    pursuant to which the lender has recourse to any of the assets
    of the Issuer or any Restricted Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer may designate any Unrestricted Subsidiary to be a
    Restricted Subsidiary; <I>provided </I>that, immediately after
    giving effect to such designation, no Default shall have
    occurred and be continuing and either:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the Issuer could incur at least $1.00 of additional
    Indebtedness pursuant to the Fixed Charge Coverage Ratio test
    described in the first paragraph under &#147;Certain
    Covenants&#151;&#160;Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred
    Stock&#148;;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the Fixed Charge Coverage Ratio for the Issuer its
    Restricted Subsidiaries would be greater than such ratio for the
    Issuer and its Restricted Subsidiaries immediately prior to such
    designation,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    in each case on a <I>pro forma </I>basis taking into account
    such designation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any such designation by the Issuer shall be notified by the
    Issuer to the Trustee by promptly filing with the Trustee a copy
    of the resolution of the board of directors of the Issuer or any
    committee thereof giving effect to such designation and an
    Officer&#146;s Certificate certifying that such designation
    complied with the foregoing provisions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Voting Stock</I>&#148; of any Person as of any date
    means the Capital Stock of such Person that is at the time
    entitled to vote in the election of the board of directors of
    such Person.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Weighted Average Life to Maturity</I>&#148; means, when
    applied to any Indebtedness, Disqualified Stock or Preferred
    Stock, as the case may be, at any date, the quotient obtained by
    dividing:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the sum of the products of the number of years from the
    date of determination to the date of each successive scheduled
    principal payment of such Indebtedness or redemption or similar
    payment with respect to such Disqualified Stock or Preferred
    Stock multiplied by the amount of such payment; by
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the sum of all such payments.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Wholly Owned Subsidiary</I>&#148; of any Person means a
    Subsidiary of such Person, 100% of the outstanding Equity
    Interests of which (other than directors&#146; qualifying
    shares) shall at the time be owned by such Person or by one or
    more Wholly Owned Subsidiaries of such Person.
</DIV>

<A name='116'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DESCRIPTION
    OF SENIOR SUBORDINATED NOTES</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">General</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Certain terms used in this description are defined under the
    subheading &#147;Certain Definitions.&#148; In this description,
    (i)&#160;the terms &#147;<I>we</I>,&#148; &#147;<I>our</I>&#148;
    and &#147;<I>us</I>&#148; each refer to (a)&#160;prior to the
    consummation of the Acquisition, Solar Capital Corp. and not any
    of its Affiliates and (b)&#160;from and after the consummation
    of the Acquisition, SunGard Data Systems Inc.
    (&#147;<I>SunGard</I>&#148;) and its consolidated Subsidiaries,
    assuming completion of the
</DIV>
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    <BR>
    199
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Transaction; and (ii)&#160;the term &#147;<I>Issuer</I>&#148;
    refers only to (a)&#160;prior to the consummation of the
    Acquisition, Solar Capital Corp. and not any of its Affiliates
    and (b)&#160;from and after the consummation of the Acquisition,
    SunGard Data Systems Inc. and not any of its Subsidiaries.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer issued $1,000&#160;million aggregate principal amount
    of
    10<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">4</FONT>%&#160;senior
    subordinated notes due 2015 (the &#147;<I>Senior Subordinated
    Notes</I>&#148;) under an indenture dated August&#160;11, 2005
    (the &#147;<I>Indenture</I>&#148;) among the Issuer, the
    Guarantors and The Bank of New York, as trustee (the
    &#147;<I>Trustee</I>&#148;). The Senior Subordinated Notes were
    issued in a private transaction that was not subject to the
    registration requirements of the Securities Act. Except as set
    forth herein, the terms of the Senior Subordinated Notes are
    substantially identical and include those stated in the
    Indenture and those made part of the Indenture by reference to
    the Trust&#160;Indenture Act.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following description is only a summary of the material
    provisions of the Indenture, does not purport to be complete and
    is qualified in its entirety by reference to the provisions of
    those agreements, including the definitions therein of certain
    terms used below. We urge you to read the Indenture because it,
    not this description, defines your rights as Holders of the
    Senior Subordinated Notes. You may request copies of the
    Indenture at our address set forth under the heading
    &#147;Prospectus Summary.&#148;
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Brief
    Description of Senior Subordinated Notes</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Senior Subordinated Notes are:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    unsecured senior subordinated obligations of the Issuer;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    subordinated in right of payment to all existing and future
    Senior Indebtedness (including the Senior Credit Facilities, the
    Senior Secured Notes and the Senior Notes) of the Issuer;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    effectively subordinated to all secured Indebtedness of the
    Issuer (including the Senior Credit Facilities and Senior
    Secured Notes);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    senior in right of payment to any future Subordinated
    Indebtedness (as defined with respect to the Senior Subordinated
    Notes) of the Issuer;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    initially guaranteed on an unsecured senior subordinated basis
    by each Restricted Subsidiary that guarantees the Senior Credit
    Facilities; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    subject to registration with the SEC pursuant to a Registration
    Rights Agreement.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Guarantees</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Guarantors, as primary obligors and not merely as sureties,
    jointly and severally irrevocably and unconditionally guarantee,
    on an unsecured senior subordinated basis, the performance and
    full and punctual payment when due, whether at maturity, by
    acceleration or otherwise, of all obligations of the Issuer
    under the Indenture and the Senior Subordinated Notes, whether
    for payment of principal of or interest on or Additional
    Interest in respect of the Senior Subordinated Notes, expenses,
    indemnification or otherwise, on the terms set forth in the
    Indenture by executing the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Restricted Subsidiaries (other than as detailed below)
    guarantee the Senior Subordinated Notes. Each of the Guarantees
    of the Senior Subordinated Notes is a general unsecured
    obligation of each Guarantor, is subordinated in right of
    payment to all existing and future Senior Indebtedness of each
    such entity and is effectively subordinated to all secured
    Indebtedness of each such entity. The Senior Subordinated Notes
    are structurally subordinated to Indebtedness of Subsidiaries of
    the Issuer that do not Guarantee the Senior Subordinated Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Not all of the Issuer&#146;s Subsidiaries Guarantee the Senior
    Subordinated Notes. In the event of a bankruptcy, liquidation or
    reorganization of any of these non-guarantor Subsidiaries, the
    non-guarantor Subsidiaries will pay the holders of their debt
    and their trade creditors before they will be able to distribute
    any of their assets to the Issuer. None of our Foreign
    Subsidiaries, broker-dealer subsidiaries, non-Wholly Owned
    Subsidiaries (subject to certain limited exceptions) or any
    Receivables Subsidiary guarantee the Senior Subordinated Notes.
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2009, the non-guarantor Subsidiaries
    generated 40% and 20% of SunGard&#146;s total revenue and
    EBITDA, respectively. In addition, as of December&#160;31, 2009,
    the non-guarantor Subsidiaries held 29% of SunGard&#146;s
    consolidated assets.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The obligations of each Guarantor under its Guarantees are
    limited as necessary to prevent the Guarantees from constituting
    a fraudulent conveyance under applicable law.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any entity that makes a payment under its Guarantee is entitled
    upon payment in full of all guaranteed obligations under the
    Indenture to a contribution from each other Guarantor in an
    amount equal to such other Guarantor&#146;s pro rata portion of
    such payment based on the respective net assets of all the
    Guarantors at the time of such payment determined in accordance
    with GAAP.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If a Guarantee were rendered voidable, it could be subordinated
    by a court to all other indebtedness (including guarantees and
    other contingent liabilities) of the Guarantor, and, depending
    on the amount of such indebtedness, a Guarantor&#146;s liability
    on its Guarantee could be reduced to zero. See &#147;Risk
    Factors&#160;&#151; Risks Related to the Notes&#160;&#151;
    Federal and state fraudulent transfer laws may permit a court to
    void the notes and the related guarantees of the notes, and, if
    that occurs, you may not receive any payments on the notes.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A Guarantee by a Guarantor shall provide by its terms that it
    shall be automatically and unconditionally released and
    discharged upon:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;(a)&#160;any sale, exchange or transfer (by merger or
    otherwise) of the Capital Stock of such Guarantor (including any
    sale, exchange or transfer), after which the applicable
    Guarantor is no longer a Restricted Subsidiary or all or
    substantially all the assets of such Guarantor which sale,
    exchange or transfer is made in compliance with the applicable
    provisions of the Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the release or discharge of the guarantee by such
    Guarantor of the Senior Credit Facilities or the guarantee which
    resulted in the creation of such Guarantee, except a discharge
    or release by or as a result of payment under such guarantee;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;the proper designation of any Restricted Subsidiary
    that is a Guarantor as an Unrestricted Subsidiary;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;the Issuer exercising its legal defeasance option or
    covenant defeasance option as described under &#147;Legal
    Defeasance and Covenant Defeasance&#148; or the Issuer&#146;s
    obligations under the Indenture being discharged in accordance
    with the terms of the Indenture;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;such Guarantor delivering to the Trustee an
    Officer&#146;s Certificate and an Opinion of Counsel, each
    stating that all conditions precedent provided for in the
    Indenture relating to such transaction have been complied with.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ranking</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Senior
    Indebtedness Versus the Senior Subordinated Notes</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The payment of the principal of, premium, if any, and interest
    on the Senior Subordinated Notes and the payment of any
    Guarantee are subordinate in right of payment to the prior
    payment in cash in full of all Senior Indebtedness of the Issuer
    or the relevant Guarantor, as the case may be, including the
    obligations of the Issuer and such Guarantor under the Senior
    Credit Facilities, the Senior Secured Notes and the Senior Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Senior Subordinated Notes are subordinated in right of
    payment to all of the Issuer&#146;s and the Guarantor&#146;s
    existing and future Senior Indebtedness and effectively
    subordinated to all of the Issuer&#146;s and the
    Guarantor&#146;s existing and future Secured Indebtedness to the
    extent of the value of the assets securing such Indebtedness. As
    of December&#160;31, 2009, SunGard had $7,067&#160;million of
    Senior Indebtedness (of which $4,967&#160;million was secured
    Indebtedness, consisting entirely of secured Indebtedness under
    the Senior Credit Facilities and the Senior Secured Notes (which
    have a face amount of $250&#160;million, but are recorded at
    $234&#160;million and were secured as of the Issue Date)). As of
    December&#160;31, 2009, $250&#160;million was outstanding under
    our Receivables Facility.
</DIV>
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    <BR>
    201
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Although the Indenture contains limitations on the amount of
    additional Indebtedness that the Issuer and the Guarantors may
    incur, under certain circumstances the amount of such
    Indebtedness could be substantial and, in any case, such
    Indebtedness may be Senior Indebtedness. See &#147;Certain
    Covenants&#160;&#151; Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock.&#148;
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Paying
    Agent and Registrar for the Senior Subordinated Notes</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer maintains one or more paying agents for the Senior
    Subordinated Notes in the Borough of Manhattan, City of New
    York. The initial paying agent for the Senior Subordinated Notes
    is the Trustee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer also maintains a registrar with offices in the
    Borough of Manhattan, City of New York. The initial registrar is
    the Trustee. The registrar maintains a register reflecting
    ownership of the Senior Subordinated Notes outstanding from time
    to time and makes payments on and facilitate transfer of Senior
    Subordinated Notes on behalf of the Issuer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer may change the paying agents or the registrars
    without prior notice to the Holders. The Issuer or any of its
    Subsidiaries may act as a paying agent or registrar.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Subordination
    of the Senior Subordinated Notes</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Only Indebtedness of the Issuer or a Guarantor that is Senior
    Indebtedness will rank senior to the Senior Subordinated Notes
    and the Guarantees in accordance with the provisions of the
    Indenture. The Senior Subordinated Notes and Guarantees will in
    all respects rank <I>pari passu </I>with all other Senior
    Subordinated Indebtedness of the Issuer and the relevant
    Guarantor, respectively.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We agree in the Indenture that the Issuer and the Guarantors
    will not incur any Indebtedness that is subordinate or junior in
    right of payment to the Senior Indebtedness of such Person,
    unless such Indebtedness is Senior Subordinated Indebtedness of
    the applicable Person or is expressly subordinated in right of
    payment to Senior Subordinated Indebtedness of such Person. The
    Indenture does not treat (i)&#160;unsecured Indebtedness as
    subordinated or junior to Secured Indebtedness merely because it
    is unsecured or (ii)&#160;Senior Indebtedness as subordinated or
    junior to any other Senior Indebtedness merely because it has a
    junior priority with respect to the same collateral.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Neither the Issuer nor any Guarantor is permitted to pay
    principal of, premium, if any, or interest on the Senior
    Subordinated Notes (or pay any other obligations relating to the
    Senior Subordinated Notes, including Additional Interest, fees,
    costs, expenses, indemnities and rescission or damage claims) or
    make any deposit pursuant to the provisions described under
    &#147;Legal Defeasance and Covenant Defeasance&#148; or
    &#147;Satisfaction and Discharge&#148; below and may not
    purchase, redeem or otherwise retire any Senior Subordinated
    Notes (collectively, &#147;<I>pay the notes</I>&#148;) (except
    in the form of Permitted Junior Securities) if either of the
    following occurs (a &#147;<I>Payment Default</I>&#148;):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any Obligation on any Designated Senior Indebtedness of
    the Issuer is not paid in full in cash when due (after giving
    effect to any applicable grace period);&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;any other default on Designated Senior Indebtedness of
    the Issuer occurs and the maturity of such Designated Senior
    Indebtedness is accelerated in accordance with its terms;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    unless, in either case, the Payment Default has been cured or
    waived and any such acceleration has been rescinded or such
    Designated Senior Indebtedness has been paid in full in cash.
    Regardless of the foregoing, the Issuer is permitted to pay the
    Senior Subordinated Notes if the Issuer and the Trustee receive
    written notice approving such payment from the Representatives
    of all Designated Senior Indebtedness with respect to which the
    Payment Default has occurred and is continuing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    During the continuance of any default (other than a Payment
    Default) (a &#147;<I>Non-Payment Default</I>&#148;) with respect
    to any Designated Senior Indebtedness pursuant to which the
    maturity thereof may be accelerated without further notice
    (except such notice as may be required to effect such
    acceleration) or the expiration of any applicable grace periods,
    the Issuer is not permitted to pay the Senior Subordinated Notes
    (except in the form of Permitted Junior Securities) for a period
    (a &#147;<I>Payment Blockage Period</I>&#148;) commencing upon
    the receipt
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    by the Trustee (with a copy to the Issuer) of written notice (a
    &#147;<I>Blockage Notice</I>&#148;) of such Non-Payment Default
    from the Representative of such Designated Senior Indebtedness
    specifying an election to effect a Payment Blockage Period and
    ending 179&#160;days thereafter. The Payment Blockage Period
    will end earlier if such Payment Blockage Period is terminated:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;by written notice to the Trustee and the Issuer from
    the Person or Persons who gave such Blockage Notice;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;because the default giving rise to such Blockage Notice
    is cured, waived or otherwise no longer continuing; or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;because such Designated Senior Indebtedness has been
    discharged or repaid in full in cash.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding the provisions described above, unless the
    holders of such Designated Senior Indebtedness or the
    Representative of such Designated Senior Indebtedness have
    accelerated the maturity of such Designated Senior Indebtedness,
    the Issuer and related Guarantors are permitted to resume paying
    the Senior Subordinated Notes after the end of such Payment
    Blockage Period. The Senior Subordinated Notes shall not be
    subject to more than one Payment Blockage Period in any
    consecutive
    <FONT style="white-space: nowrap">360-day</FONT>
    period irrespective of the number of defaults with respect to
    Designated Senior Indebtedness during such period; <I>provided
    </I>that if any Blockage Notice is delivered to the Trustee by
    or on behalf of the holders of Designated Senior Indebtedness of
    the Issuer (other than the holders of Indebtedness under the
    Senior Credit Facilities), a Representative of holders of
    Indebtedness under the Senior Credit Facilities may give another
    Blockage Notice within such period. However, in no event may the
    total number of days during which any Payment Blockage Period or
    Periods on the Senior Subordinated Notes is in effect exceed
    179&#160;days in the aggregate during any consecutive
    <FONT style="white-space: nowrap">360-day</FONT>
    period, and there must be at least 181&#160;days during any
    consecutive
    <FONT style="white-space: nowrap">360-day</FONT>
    period during which no Payment Blockage Period is in effect.
    Notwithstanding the foregoing, however, no default that existed
    or was continuing on the date of delivery of any Blockage Notice
    to the Trustee will be, or be made, the basis for a subsequent
    Blockage Notice unless such default has been waived for a period
    of not less than 90&#160;days (it being acknowledged that any
    subsequent action, or any breach of any financial covenants
    during the period after the date of delivery of a Blockage
    Notice, that, in either case, would give rise to a Non-Payment
    Default pursuant to any provisions under which a Non-Payment
    Default previously existed or was continuing shall constitute a
    new Non-Payment Default for this purpose).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with the Senior Subordinated Notes, in the event
    of any payment or distribution of the assets of the Issuer upon
    a total or partial liquidation or dissolution or reorganization
    of or similar proceeding relating to the Issuer or its property:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the holders of Senior Indebtedness of the Issuer will
    be entitled to receive payment in full in cash of such Senior
    Indebtedness before the Holders of the Senior Subordinated Notes
    are entitled to receive any payment;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;until the Senior Indebtedness of the Issuer is paid in
    full in cash, any payment or distribution to which Holders of
    the Senior Subordinated Notes would be entitled but for the
    subordination provisions of the Indenture will be made to
    holders of such Senior Indebtedness as their interests may
    appear, except that Holders of Senior Subordinated Notes may
    receive Permitted Junior Securities;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;if a distribution is made to Holders of the Senior
    Subordinated Notes that, due to the subordination provisions,
    should not have been made to them, such Holders of the Senior
    Subordinated Notes are required to hold it in trust for the
    holders of Senior Indebtedness of the Issuer and pay it over to
    them as their interests may appear.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The subordination and payment blockage provisions described
    above will not prevent a Default from occurring under the
    Indenture upon the failure of the Issuer to pay interest or
    principal with respect to the Senior Subordinated Notes when due
    by their terms. If payment of the Senior Subordinated Notes is
    accelerated because of an Event of Default, the Issuer must
    promptly notify the holders of Designated Senior Indebtedness or
    the Representative of such Designated Senior Indebtedness of the
    acceleration. So long as there shall remain outstanding any
    Senior Indebtedness under the Senior Credit Facilities, a
    Blockage Notice
</DIV>
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    <BR>
    203
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    may be given only by the administrative agent thereunder unless
    otherwise agreed to in writing by the requisite lenders named
    therein. If any Designated Senior Indebtedness of the Issuer is
    outstanding, neither the Issuer nor any Guarantor may pay the
    Senior Subordinated Notes until five Business Days after the
    Representatives of all the issuers of such Designated Senior
    Indebtedness receive notice of such acceleration and,
    thereafter, may pay the Senior Subordinated Notes only if the
    Indenture otherwise permits payment at that time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each Guarantor&#146;s obligations under its Guarantee are senior
    subordinated obligations of that Guarantor. As such, the rights
    of Holders to receive payment pursuant to such Guarantee will be
    subordinated in right of payment to the rights of holders of
    Senior Indebtedness of such Guarantor. The terms of the
    subordination and payment blockage provisions described above
    with respect to the Issuer&#146;s obligations under the Senior
    Subordinated Notes apply equally to the obligations of such
    Guarantor under its Guarantee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A Holder by its acceptance of Senior Subordinated Notes agrees
    to be bound by such provisions and authorizes and expressly
    directs the Trustee, on its behalf, to take such action as may
    be necessary or appropriate to effectuate the subordination
    provided for in the Indenture and appoints the Trustee its
    attorney-in-fact for such purpose.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    By reason of the subordination provisions contained in the
    Indenture, in the event of a liquidation or insolvency
    proceeding, creditors of the Issuer or a Guarantor who are
    holders of Senior Indebtedness of the Issuer or such Guarantor,
    as the case may be, may recover more, ratably, than the Holders
    of the Senior Subordinated Notes, and creditors who are not
    holders of Senior Indebtedness may recover less, ratably, than
    holders of Senior Indebtedness and may recover more, ratably,
    than the Holders of the Senior Subordinated Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The terms of the subordination provisions described above will
    not apply to payments from money or the proceeds of Government
    Securities held in trust by the Trustee for the payment of
    principal of and interest on the Senior Subordinated Notes
    pursuant to the provisions described under &#147;Legal
    Defeasance and Covenant Defeasance&#148; or &#147;Satisfaction
    and Discharge,&#148; if the foregoing subordination provisions
    were not violated at the time the applicable amounts were
    deposited in trust pursuant to such provisions.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Transfer
    and Exchange</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A Holder may transfer or exchange Senior Subordinated Notes in
    accordance with the Indenture. The registrar and the Trustee may
    require a Holder to furnish appropriate endorsements and
    transfer documents in connection with a transfer of Senior
    Subordinated Notes. Holders will be required to pay all taxes
    due on transfer. The Issuer is not required to transfer or
    exchange any Senior Subordinated Note selected for redemption.
    Also, the Issuer is not required to transfer or exchange any
    Senior Subordinated Note for a period of 15&#160;days before a
    selection of Senior Subordinated Notes to be redeemed.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Principal,
    Maturity and Interest</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer issued $1,000&#160;million of Senior Subordinated
    Notes in this offering. The Senior Subordinated Notes mature on
    August&#160;15, 2015. Subject to compliance with the covenant
    described below under the caption &#147;Certain
    Covenants&#160;&#151; Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock,&#148;
    the Issuer may issue additional Senior Subordinated Notes from
    time to time after this offering under the Indenture
    (&#147;<I>Additional Senior Subordinated Notes</I>&#148;). The
    Senior Subordinated Notes offered by the Issuer and any
    Additional Senior Subordinated Notes subsequently issued under
    the Indenture will be treated as a single class for all purposes
    under the Indenture, including waivers, amendments, redemptions
    and offers to purchase. Unless the context requires otherwise,
    references to &#147;Senior Subordinated Notes&#148; for all
    purposes of the Indenture and this &#147;Description of Senior
    Subordinated Notes&#148; include any Additional Senior
    Subordinated Notes that are actually issued.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Interest on the Senior Subordinated Notes accrues at the rate of
    10<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">4</FONT>%
    per annum and is payable semi-annually in arrears on February 15
    and August&#160;15, commencing on February&#160;15, 2006 to the
    Holders of Senior Subordinated Notes of record on the
    immediately preceding February 1 and August&#160;1. Interest on
    the Senior
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subordinated Notes accrues from the most recent date to which
    interest has been paid or, if no interest has been paid, from
    and including the Issue Date. Interest on the Senior
    Subordinated Notes is computed on the basis of a 360&#160;day
    year comprised of twelve 30&#160;day months.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Additional
    Interest</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Additional Interest may accrue on the Senior Subordinated Notes
    in certain circumstances pursuant to the Registration Rights
    Agreement. All references in the Indenture, in any context, to
    any interest or other amount payable on or with respect to the
    Senior Subordinated Notes shall be deemed to include any
    Additional Interest pursuant to the Registration Rights
    Agreement. Principal of, premium, if any, and interest on the
    Senior Subordinated Notes are payable at the office or agency of
    the Issuer maintained for such purpose within the City and State
    of New York or, at the option of the Issuer, payment of interest
    may be made by check mailed to the Holders of the Senior
    Subordinated Notes at their respective addresses set forth in
    the register of Holders; <I>provided </I>that all payments of
    principal, premium, if any, and interest with respect to the
    Senior Subordinated Notes represented by one or more global
    notes registered in the name of or held by DTC or its nominee
    are made by wire transfer of immediately available funds to the
    accounts specified by the Holder or Holders thereof. Until
    otherwise designated by the Issuer, the Issuer&#146;s office or
    agency in New York is the office of the Trustee maintained for
    such purpose.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Mandatory
    Redemption; Offers to Purchase; Open Market Purchases</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer is not required to make any mandatory redemption or
    sinking fund payments with respect to the Senior Subordinated
    Notes. However, under certain circumstances, the Issuer may be
    required to offer to purchase Senior Subordinated Notes as
    described under the caption &#147;Repurchase at the Option of
    Holders.&#148; We may at any time and from time to time purchase
    Senior Subordinated Notes in the open market or otherwise.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Optional
    Redemption</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except as set forth below, the Issuer is not entitled to redeem
    the Senior Subordinated Notes at its option prior to
    August&#160;15, 2010.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At any time prior to August&#160;15, 2010 the Issuer may redeem
    all or a part of the Senior Subordinated Notes, upon not less
    than 30 nor more than 60&#160;days&#146; prior notice mailed by
    first-class mail to the registered address of each Holder, at a
    redemption price equal to 100% of the principal amount of Senior
    Subordinated Notes redeemed plus the Applicable Premium as of,
    and accrued and unpaid interest and Additional Interest, if any,
    to the date of redemption (the
    &#147;<I>Redemption&#160;Date</I>&#148;), subject to the rights
    of Holders on the relevant record date to receive interest due
    on the relevant interest payment date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On and after August&#160;15, 2010 the Issuer may redeem the
    Senior Subordinated Notes, in whole or in part, upon notice as
    described under the heading &#147;Repurchase at the Option of
    Holders&#160;&#151; Selection and Notice&#148; at the redemption
    prices (expressed as percentages of principal amount of the
    Senior Subordinated Notes to be redeemed) set forth below, plus
    accrued and unpaid interest thereon and Additional Interest, if
    any, to the applicable Redemption&#160;Date, subject to the
    right of Holders of record on the relevant record date to
    receive interest due on the relevant interest payment date, if
    redeemed during the twelve-month period beginning on August 15
    of each of the years indicated below:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="91%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Year</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Percentage</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2010
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    105.125
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2011
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    103.417
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2012
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    101.708
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2013 and thereafter
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100.000
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, until August&#160;15, 2008, the Issuer may, at its
    option, redeem up to 35% of the aggregate principal amount of
    Senior Subordinated Notes issued by it at a redemption price
    equal to 110.25% of the aggregate principal amount thereof, plus
    accrued and unpaid interest thereon and Additional Interest, if
    any, to
</DIV>
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    205
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the applicable Redemption&#160;Date, subject to the right of
    Holders of Senior Subordinated Notes of record on the relevant
    record date to receive interest due on the relevant interest
    payment date, with the net cash proceeds of one or more Equity
    Offerings; <I>provided </I>that at least 50% of the sum of the
    aggregate principal amount of Senior Subordinated Notes
    originally issued under the Indenture and any Additional Senior
    Subordinated Notes that are Senior Subordinated Notes issued
    under the Indenture after the Issue Date remains outstanding
    immediately after the occurrence of each such redemption;
    <I>provided further </I>that each such redemption occurs within
    90&#160;days of the date of closing of each such Equity Offering.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notice of any redemption upon any Equity Offering may be given
    prior to the redemption thereof, and any such redemption or
    notice may, at the Issuer&#146;s discretion, be subject to one
    or more conditions precedent, including, but not limited to,
    completion of the related Equity Offering.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Trustee shall select the Senior Subordinated Notes to be
    purchased in the manner described under &#147;Repurchase at the
    Option of Holders&#160;&#151; Selection and Notice.&#148;
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Repurchase
    at the Option of Holders</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Change
    of Control</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Senior Subordinated Notes provide that if a Change of
    Control occurs, unless the Issuer has previously or concurrently
    mailed a redemption notice with respect to all the outstanding
    Senior Subordinated Notes as described under &#147;Optional
    Redemption,&#148; the Issuer will make an offer to purchase all
    of the Senior Subordinated Notes pursuant to the offer described
    below (the &#147;<I>Change of Control Offer</I>&#148;) at a
    price in cash (the &#147;<I>Change of Control Payment</I>&#148;)
    equal to 101% of the aggregate principal amount thereof plus
    accrued and unpaid interest and Additional Interest, if any, to
    the date of purchase, subject to the right of Holders of the
    Senior Subordinated Notes of record on the relevant record date
    to receive interest due on the relevant interest payment date.
    Within 30&#160;days following any Change of Control, the Issuer
    will send notice of such Change of Control Offer by first-class
    mail, with a copy to the Trustee, to each Holder of Senior
    Subordinated Notes to the address of such Holder appearing in
    the security register with a copy to the Trustee, with the
    following information:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;that a Change of Control Offer is being made pursuant
    to the covenant entitled &#147;Change of Control,&#148; and that
    all Senior Subordinated Notes properly tendered pursuant to such
    Change of Control Offer will be accepted for payment by the
    Issuer;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the purchase price and the purchase date, which will be
    no earlier than 30&#160;days nor later than 60&#160;days from
    the date such notice is mailed (the &#147;<I>Change of Control
    Payment Date</I>&#148;);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;that any Senior Subordinated Note not properly tendered
    will remain outstanding and continue to accrue interest;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;that unless the Issuer defaults in the payment of the
    Change of Control Payment, all Senior Subordinated Notes
    accepted for payment pursuant to the Change of Control Offer
    will cease to accrue interest on the Change of Control Payment
    Date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;that Holders electing to have any Senior Subordinated
    Notes purchased pursuant to a Change of Control Offer will be
    required to surrender such Senior Subordinated Notes, with the
    form entitled &#147;Option of Holder to Elect Purchase&#148; on
    the reverse of such Senior Subordinated Notes completed, to the
    paying agent specified in the notice at the address specified in
    the notice prior to the close of business on the third Business
    Day preceding the Change of Control Payment Date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;that Holders will be entitled to withdraw their
    tendered Senior Subordinated Notes and their election to require
    the Issuer to purchase such Senior Subordinated Notes,
    <I>provided </I>that the paying agent receives, not later than
    the close of business on the 30th&#160;day following the date of
    the Change of Control notice, a telegram, telex, facsimile
    transmission or letter setting forth the name of the Holder of
    the Senior Subordinated Notes, the principal amount of Senior
    Subordinated Notes tendered for purchase, and a statement that
    such Holder is withdrawing its tendered Senior Subordinated
    Notes and its election to have such Senior Subordinated Notes
    purchased;
</DIV>
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    <BR>
    206
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;that if the Issuer is redeeming less than all of the
    Senior Subordinated Notes, the Holders of the remaining Senior
    Subordinated Notes will be issued new Senior Subordinated Notes
    and such new Senior Subordinated Notes will be equal in
    principal amount to the unpurchased portion of the Senior
    Subordinated Notes surrendered. The unpurchased portion of the
    Senior Subordinated Notes must be equal to $2,000 or an integral
    multiple thereof;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;the other instructions, as determined by us, consistent
    with the covenant described hereunder, that a Holder must follow.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will comply with the requirements of
    <FONT style="white-space: nowrap">Rule&#160;14e-1</FONT>
    under the Exchange Act and any other securities laws and
    regulations thereunder to the extent such laws or regulations
    are applicable in connection with the repurchase of Senior
    Subordinated Notes pursuant to a Change of Control Offer. To the
    extent that the provisions of any securities laws or regulations
    conflict with the provisions of the Indenture, the Issuer will
    comply with the applicable securities laws and regulations and
    shall not be deemed to have breached its obligations described
    in the Indenture by virtue thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On the Change of Control Payment Date, the Issuer will, to the
    extent permitted by law,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;accept for payment all Senior Subordinated Notes issued
    by it or portions thereof properly tendered pursuant to the
    Change of Control Offer,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;deposit with the paying agent an amount equal to the
    aggregate Change of Control Payment in respect of all Senior
    Subordinated Notes or portions thereof so tendered,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;deliver, or cause to be delivered, to the Trustee for
    cancellation the Senior Subordinated Notes so accepted together
    with an Officer&#146;s Certificate to the Trustee stating that
    such Senior Subordinated Notes or portions thereof have been
    tendered to and purchased by the Issuer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Senior Credit Facilities and Senior Notes limit, and future
    credit agreements or other agreements relating to Senior
    Indebtedness to which the Issuer becomes a party may prohibit or
    limit, the Issuer from purchasing any Senior Subordinated Notes
    as a result of a Change of Control. The Senior Secured Notes do
    not currently have any such limitations. In the event a Change
    of Control occurs at a time when the Issuer is prohibited from
    purchasing the Senior Subordinated Notes, the Issuer could seek
    the consent of its lenders and the holders of the Senior Notes
    to permit the purchase of the Senior Subordinated Notes or could
    attempt to refinance the borrowings that contain such
    prohibition. If the Issuer does not obtain such consent or repay
    such borrowings, the Issuer will remain prohibited from
    purchasing the Senior Subordinated Notes. In such case, the
    Issuer&#146;s failure to purchase tendered Senior Subordinated
    Notes would constitute an Event of Default under the Indenture.
    If, as a result thereof, a default occurs with respect to any
    Senior Indebtedness, the subordination provisions in the
    Indenture would restrict payments to the Holders of Senior
    Subordinated Notes under certain circumstances. The Senior
    Credit Facilities provide that certain change of control events
    with respect to the Issuer would constitute a default thereunder
    (including a Change of Control under the Indenture). If we
    experience a change of control that triggers a default under our
    Senior Credit Facilities, we could seek a waiver of such default
    or seek to refinance our Senior Credit Facilities. In the event
    we do not obtain such a waiver or refinance the Senior Credit
    Facilities, such default could result in amounts outstanding
    under our Senior Credit Facilities being declared due and
    payable and cause a Receivables Facility to be wound-down.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our ability to pay cash to the Holders of Senior Subordinated
    Notes following the occurrence of a Change of Control may be
    limited by our then-existing financial resources. Therefore,
    sufficient funds may not be available when necessary to make any
    required repurchases.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Change of Control purchase feature of the Senior
    Subordinated Notes may in certain circumstances make more
    difficult or discourage a sale or takeover of us and, thus, the
    removal of incumbent management. The Change of Control purchase
    feature is a result of negotiations between the Initial
    Purchasers and us. After the Issue Date, we have no present
    intention to engage in a transaction involving a Change of
    Control, although it is possible that we could decide to do so
    in the future. Subject to the limitations discussed below, we
    could, in the future, enter into certain transactions, including
    acquisitions, refinancings or other
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    recapitalizations, that would not constitute a Change of Control
    under the Indenture, but that could increase the amount of
    indebtedness outstanding at such time or otherwise affect our
    capital structure or credit ratings. Restrictions on our ability
    to incur additional Indebtedness are contained in the covenants
    described under &#147;Certain Covenants&#160;&#151; Limitation
    on Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock&#148; and &#147;Certain
    Covenants&#160;&#151; Liens.&#148; Such restrictions in the
    Indenture can be waived only with the consent of the Holders of
    a majority in principal amount of the Senior Subordinated Notes
    then outstanding. Except for the limitations contained in such
    covenants, however, the Indenture does not contain any covenants
    or provisions that may afford Holders of the Senior Subordinated
    Notes protection in the event of a highly leveraged transaction.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will not be required to make a Change of Control Offer
    following a Change of Control if a third party makes the Change
    of Control Offer in the manner, at the times and otherwise in
    compliance with the requirements set forth in the Indenture
    applicable to a Change of Control Offer made by us and purchases
    all Senior Subordinated Notes validly tendered and not withdrawn
    under such Change of Control Offer. Notwithstanding anything to
    the contrary herein, a Change of Control Offer may be made in
    advance of a Change of Control, conditional upon such Change of
    Control, if a definitive agreement is in place for the Change of
    Control at the time of making of the Change of Control Offer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The definition of &#147;Change of Control&#148; includes a
    disposition of all or substantially all of the assets of the
    Issuer to any Person. Although there is a limited body of case
    law interpreting the phrase &#147;substantially all,&#148; there
    is no precise established definition of the phrase under
    applicable law. Accordingly, in certain circumstances there may
    be a degree of uncertainty as to whether a particular
    transaction would involve a disposition of &#147;all or
    substantially all&#148; of the assets of the Issuer. As a
    result, it may be unclear as to whether a Change of Control has
    occurred and whether a Holder of Senior Subordinated Notes may
    require the Issuer to make an offer to repurchase the Senior
    Subordinated Notes as described above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The provisions under the Indenture relative to the Issuer&#146;s
    obligation to make an offer to repurchase the Senior
    Subordinated Notes as a result of a Change of Control may be
    waived or modified with the written consent of the Holders of a
    majority in principal amount of the Senior Subordinated Notes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Asset
    Sales</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture provides that the Issuer will not, and will not
    permit any of its Restricted Subsidiaries to, cause, make or
    suffer to exist an Asset Sale, unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the Issuer or such Restricted Subsidiary, as the case
    may be, receives consideration at the time of such Asset Sale at
    least equal to the fair market value (as determined in good
    faith by the Issuer) of the assets sold or otherwise disposed
    of;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;except in the case of a Permitted Asset Swap, at least
    75% of the consideration therefor received by the Issuer or such
    Restricted Subsidiary, as the case may be, is in the form of
    cash or Cash Equivalents; <I>provided </I>that the amount of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;any liabilities (as shown on the Issuer&#146;s or such
    Restricted Subsidiary&#146;s most recent balance sheet or in the
    footnotes thereto) of the Issuer or such Restricted Subsidiary,
    other than liabilities that are by their terms subordinated to
    the Senior Subordinated Notes, that are assumed by the
    transferee of any such assets and for which the Issuer and all
    of its Restricted Subsidiaries have been validly released by all
    creditors in writing,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;any securities received by the Issuer or such
    Restricted Subsidiary from such transferee that are converted by
    the Issuer or such Restricted Subsidiary into cash (to the
    extent of the cash received) within 180&#160;days following the
    closing of such Asset Sale,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;any Designated Non-cash Consideration received by the
    Issuer or such Restricted Subsidiary in such Asset Sale having
    an aggregate fair market value, taken together with all other
    Designated Non-cash Consideration received pursuant to this
    clause&#160;(c) that is at that time outstanding, not to exceed
    2.5% of Total Assets at the time of the receipt of such
    Designated Non-cash Consideration,
</DIV>
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    with the fair market value of each item of Designated Non-cash
    Consideration being measured at the time received and without
    giving effect to subsequent changes in value, shall be deemed to
    be cash for purposes of this provision and for no other purpose.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Within 450&#160;days after the receipt of any Net Proceeds of
    any Asset Sale, the Issuer or such Restricted Subsidiary, at its
    option, may apply the Net Proceeds from such Asset Sale,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;to permanently reduce:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Obligations under the Senior Indebtedness, and to
    correspondingly reduce commitments with respect thereto;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Obligations under Senior Subordinated Indebtedness (and
    to correspondingly reduce commitments with respect thereto);
    <I>provided </I>that the Issuer shall equally and ratably reduce
    Obligations under the Senior Subordinated Notes as provided
    under &#147;Optional Redemption,&#148; through open-market
    purchases (to the extent such purchases are at or above 100% of
    the principal amount thereof) or by making an offer (in
    accordance with the procedures set forth below for an Asset Sale
    Offer) to all Holders of Senior Subordinated Notes to purchase
    their Senior Subordinated Notes at 100% of the principal amount
    thereof, plus the amount of accrued but unpaid interest, if any,
    on the amount of Senior Subordinated Notes that would otherwise
    be prepaid,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;Indebtedness of a Restricted Subsidiary that is not a
    Guarantor, other than Indebtedness owed to the Issuer or another
    Restricted Subsidiary,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;to make (a)&#160;an Investment in any one or more
    businesses, <I>provided </I>that such Investment in any business
    is in the form of the acquisition of Capital Stock and results
    in the Issuer or another of its Restricted Subsidiaries, as the
    case may be, owning an amount of the Capital Stock of such
    business such that it constitutes a Restricted Subsidiary,
    (b)&#160;capital expenditures or (c)&#160;acquisitions of other
    assets, in each of (a), (b)&#160;and (c), used or useful in a
    Similar Business,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;to make an investment in (a)&#160;any one or more
    businesses, <I>provided </I>that such Investment in any business
    is in the form of the acquisition of Capital Stock and results
    in the Issuer or another of its Restricted Subsidiaries, as the
    case may be, owning an amount of the Capital Stock of such
    business such that it constitutes a Restricted Subsidiary,
    (b)&#160;properties or (c)&#160;acquisitions of other assets
    that, in each of (a), (b)&#160;and (c), replace the businesses,
    properties
    <FONT style="white-space: nowrap">and/or</FONT>
    assets that are the subject of such Asset Sale;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided </I>that, in the case of clauses&#160;(2) and
    (3)&#160;above, a binding commitment shall be treated as a
    permitted application of the Net Proceeds from the date of such
    commitment so long as the Issuer, or such other Restricted
    Subsidiary enters into such commitment with the good faith
    expectation that such Net Proceeds will be applied to satisfy
    such commitment within 180&#160;days of such commitment (an
    &#147;<I>Acceptable Commitment</I>&#148;) and, in the event any
    Acceptable Commitment is later cancelled or terminated for any
    reason before the Net Proceeds are applied in connection
    therewith, the Issuer or such Restricted Subsidiary enters into
    another Acceptable Commitment (a &#147;<I>Second
    Commitment</I>&#148;) within 180&#160;days of such cancellation
    or termination; <I>provided further </I>that if any Second
    Commitment is later cancelled or terminated for any reason
    before such Net Proceeds are applied, then such Net Proceeds
    shall constitute Excess Proceeds.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any Net Proceeds from the Asset Sale that are not invested or
    applied as provided and within the time period set forth in the
    first sentence of the preceding paragraph will be deemed to
    constitute &#147;<I>Excess Proceeds</I>.&#148; When the
    aggregate amount of Excess Proceeds exceeds $100&#160;million,
    the Issuer shall make an offer to all Holders of the Senior
    Subordinated Notes and, if required by the terms of any
    Indebtedness that is <I>pari passu </I>with the Senior
    Subordinated Notes (&#147;<I>Pari Passu Indebtedness</I>&#148;),
    to the holders of such Pari Passu Indebtedness (an
    &#147;<I>Asset Sale Offer</I>&#148;), to purchase the maximum
    aggregate principal amount of the Senior Subordinated Notes and
    such Pari Passu Indebtedness that is an integral multiple of
    $2,000 that may be purchased out of the Excess Proceeds at an
    offer price in cash in an amount equal to 100% of the principal
    amount thereof, plus accrued and unpaid interest and Additional
    Interest, if any, to the date fixed for the closing of such
    offer, in accordance with the procedures set forth in the
    Indenture. The Issuer will commence an Asset Sale Offer with
    respect to Excess Proceeds within ten Business Days after the
    date that Excess
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Proceeds exceed $100&#160;million by mailing the notice required
    pursuant to the terms of the Indenture, with a copy to the
    Trustee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To the extent that the aggregate amount of Senior Subordinated
    Notes and such Pari Passu Indebtedness tendered pursuant to an
    Asset Sale Offer is less than the Excess Proceeds, the Issuer
    may use any remaining Excess Proceeds for general corporate
    purposes, subject to other covenants contained in the Indenture.
    If the aggregate principal amount of Senior Subordinated Notes
    or the Pari Passu Indebtedness surrendered by such holders
    thereof exceeds the amount of Excess Proceeds, the Trustee shall
    select the Senior Subordinated Notes and such Pari Passu
    Indebtedness to be purchased on a pro rata basis based on the
    accreted value or principal amount of the Senior Subordinated
    Notes or such Pari Passu Indebtedness tendered. Upon completion
    of any such Asset Sale Offer, the amount of Excess Proceeds
    shall be reset at zero.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pending the final application of any Net Proceeds pursuant to
    this covenant, the holder of such Net Proceeds may apply such
    Net Proceeds temporarily to reduce Indebtedness outstanding
    under a revolving credit facility or otherwise invest such Net
    Proceeds in any manner not prohibited by the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will comply with the requirements of
    <FONT style="white-space: nowrap">Rule&#160;14e-1</FONT>
    under the Exchange Act and any other securities laws and
    regulations thereunder to the extent such laws or regulations
    are applicable in connection with the repurchase of the Senior
    Subordinated Notes pursuant to an Asset Sale Offer. To the
    extent that the provisions of any securities laws or regulations
    conflict with the provisions of the Indenture, the Issuer will
    comply with the applicable securities laws and regulations and
    shall not be deemed to have breached its obligations described
    in the Indenture by virtue thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Senior Credit Facilities and Senior Notes limit, and future
    credit agreements or other agreements relating to Senior
    Indebtedness to which the Issuer becomes a party may prohibit or
    limit, the Issuer from purchasing any Senior Subordinated Notes
    pursuant to this Asset Sales covenant. In the event the Issuer
    is prohibited from purchasing the Senior Subordinated Notes, the
    Issuer could seek the consent of its lenders and the holders of
    the Senior Notes to the purchase of the Senior Subordinated
    Notes or could attempt to refinance the borrowings that contain
    such prohibition. If the Issuer does not obtain such consent or
    repay such borrowings, it will remain prohibited from purchasing
    the Senior Subordinated Notes. In such case, the Issuer&#146;s
    failure to purchase tendered Senior Subordinated Notes would
    constitute an Event of Default under the Indenture. If, as a
    result thereof, a default occurs with respect to any Senior
    Indebtedness, the subordination provisions in the Indenture
    would restrict payments to the Holders of the Senior
    Subordinated Notes under certain circumstances.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Selection
    and Notice</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Issuer is redeeming less than all of the Senior
    Subordinated Notes issued by it at any time, the Trustee will
    select the Senior Subordinated Notes to be redeemed (a)&#160;if
    the Senior Subordinated Notes are listed on any national
    securities exchange, in compliance with the requirements of the
    principal national securities exchange on which the Senior
    Subordinated Notes are listed or (b)&#160;on a pro rata basis to
    the extent practicable.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notices of purchase or redemption shall be mailed by first-class
    mail, postage prepaid, at least 30 but not more than
    60&#160;days before the purchase or redemption date to each
    Holder of Senior Subordinated Notes at such Holder&#146;s
    registered address, except that redemption notices may be mailed
    more than 60&#160;days prior to a redemption date if the notice
    is issued in connection with a defeasance of the Senior
    Subordinated Notes or a satisfaction and discharge of the
    Indenture. If any Senior Subordinated Note is to be purchased or
    redeemed in part only, any notice of purchase or redemption that
    relates to such Senior Subordinated Note shall state the portion
    of the principal amount thereof that has been or is to be
    purchased or redeemed.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will issue a new Senior Subordinated Note in a
    principal amount equal to the unredeemed portion of the original
    Senior Subordinated Note in the name of the Holder upon
    cancellation of the original Senior Subordinated Note. Senior
    Subordinated Notes called for redemption become due on the date
    fixed for redemption. On and after the redemption date, interest
    ceases to accrue on Senior Subordinated Notes or portions of
    them called for redemption.
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Certain
    Covenants</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Set forth below are summaries of certain covenants contained in
    the Indenture. If on any date following the date of the Issue
    Date (i)&#160;the Senior Subordinated Notes have Investment
    Grade Ratings from both Rating Agencies, and (ii)&#160;no
    Default has occurred and is continuing under the Indenture then,
    beginning on that day and continuing at all times thereafter
    regardless of any subsequent changes in the rating of the Senior
    Subordinated Notes, the covenants specifically listed under the
    following captions in this &#147;Description of Senior
    Subordinated Notes&#148; section of this prospectus will no
    longer be applicable to the Senior Subordinated Notes:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;&#147;Repurchase at the Option of Holders&#160;&#151;
    Asset Sales&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;&#147;&#160;&#151; Limitation on Restricted
    Payments&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;&#147;&#160;&#151; Limitation on Incurrence of
    Indebtedness and Issuance of Disqualified Stock and Preferred
    Stock&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;clause&#160;(4) of the first paragraph of
    &#147;&#151;&#160;Merger, Consolidation or Sale of All or
    Substantially All Assets&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;&#147;&#160;&#151; Transactions with Affiliates&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;&#147;&#160;&#151; Dividend and Other Payment
    Restrictions Affecting Restricted Subsidiaries&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;&#147;&#160;&#151; Limitation on Guarantees of
    Indebtedness by Restricted Subsidiaries&#148;; and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;&#147;&#160;&#151; Limitation on Layering.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>In addition, during any period of time
    that:</I>&#160;&#160;(i)&#160;the Senior Subordinated Notes have
    Investment Grade Ratings from both Rating Agencies and
    (ii)&#160;no Default has occurred and is continuing under the
    Indenture (the occurrence of the events described in the
    foregoing clauses&#160;(i) and (ii)&#160;being collectively
    referred to as a &#147;<I>Covenant Suspension Event</I>&#148;),
    the Issuer and the Restricted Subsidiaries will not be subject
    to the covenant described under &#147;Repurchase at the Option
    of Holders&#160;&#151; Change of Control&#148; (the
    &#147;<I>Suspended Covenant</I>&#148;). In the event that the
    Issuer and the Restricted Subsidiaries are not subject to the
    Suspended Covenant under the Indenture for any period of time as
    a result of the foregoing, and on any subsequent date (the
    &#147;<I>Reversion Date</I>&#148;) one or both of the Rating
    Agencies (a)&#160;withdraw their Investment Grade Rating or
    downgrade the rating assigned to the Senior Subordinated Notes
    below an Investment Grade Rating
    <FONT style="white-space: nowrap">and/or</FONT>
    (b)&#160;the Issuer or any of its Affiliates enter into an
    agreement to effect a transaction that would result in a Change
    of Control and one or more of the Rating Agencies indicate that
    if consummated, such transaction (alone or together with any
    related recapitalization or refinancing transactions) would
    cause such Rating Agency to withdraw its Investment Grade Rating
    or downgrade the ratings assigned to the Senior Subordinated
    Notes below an Investment Grade Rating, then the Issuer and the
    Restricted Subsidiaries will thereafter again be subject to the
    Suspended Covenant under the Indenture with respect to future
    events, including, without limitation, a proposed transaction
    described in clause&#160;(b) above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    There can be no assurance that the Senior Subordinated Notes
    will ever achieve or maintain Investment Grade Ratings.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Limitation
    on Restricted Payments</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will not, and will not permit any of its Restricted
    Subsidiaries to, directly or indirectly:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (I)&#160;declare or pay any dividend or make any payment or
    distribution on account of the Issuer&#146;s, or any of its
    Restricted Subsidiaries&#146; Equity Interests, including any
    dividend or distribution payable in connection with any merger
    or consolidation other than:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;dividends or distributions by the Issuer payable solely
    in Equity Interests (other than Disqualified Stock) of the
    Issuer;&#160;or
</DIV>
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    <BR>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;dividends or distributions by a Restricted Subsidiary
    so long as, in the case of any dividend or distribution payable
    on or in respect of any class or series of securities issued by
    a Restricted Subsidiary other than a Wholly-Owned Subsidiary,
    the Issuer or a Restricted Subsidiary receives at least its pro
    rata share of such dividend or distribution in accordance with
    its Equity Interests in such class or series of securities;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (II)&#160;purchase, redeem, defease or otherwise acquire or
    retire for value any Equity Interests of the Issuer or any
    direct or indirect parent of the Issuer, including in connection
    with any merger or consolidation;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (III)&#160;make any principal payment on, or redeem, repurchase,
    defease or otherwise acquire or retire for value in each case,
    prior to any scheduled repayment, sinking fund payment or
    maturity, any Subordinated Indebtedness, other than:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Indebtedness permitted under clauses&#160;(7) and
    (8)&#160;of the covenant described under
    &#147;&#151;&#160;Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock&#148;;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the purchase, repurchase or other acquisition of
    Subordinated Indebtedness purchased in anticipation of
    satisfying a sinking fund obligation, principal installment or
    final maturity, in each case due within one year of the date of
    purchase, repurchase or acquisition;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (IV)&#160;make any Restricted Investment
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (all such payments and other actions set forth in
    clauses&#160;(I) through (IV)&#160;above being collectively
    referred to as &#147;<I>Restricted Payments</I>&#148;), unless,
    at the time of such Restricted Payment:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;no Default shall have occurred and be continuing or
    would occur as a consequence thereof;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;immediately after giving effect to such transaction on
    a <I>pro forma </I>basis, the Issuer could incur $1.00 of
    additional Indebtedness under the provisions of the first
    paragraph of the covenant described under
    &#147;&#151;&#160;Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred
    Stock&#148;;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;such Restricted Payment, together with the aggregate
    amount of all other Restricted Payments made by the Issuer and
    its Restricted Subsidiaries after the Issue Date (including
    Restricted Payments permitted by clauses (1), (2) (with respect
    to the payment of dividends on Refunding Capital Stock (as
    defined below) pursuant to clause&#160;(b) thereof only),
    (6)(c), (9)&#160;and (14)&#160;of the next succeeding paragraph,
    but excluding all other Restricted Payments permitted by the
    next succeeding paragraph), is less than the sum of (without
    duplication):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;50% of the Consolidated Net Income of the Issuer for
    the period (taken as one accounting period) beginning
    July&#160;1, 2005, to the end of the Issuer&#146;s most recently
    ended fiscal quarter for which internal financial statements are
    available at the time of such Restricted Payment, or, in the
    case such Consolidated Net Income for such period is a deficit,
    minus 100% of such deficit; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;100% of the aggregate net cash proceeds and the fair
    market value, as determined in good faith by the Issuer, of
    marketable securities or other property received by the Issuer
    since immediately after the Issue Date (other than net cash
    proceeds to the extent such net cash proceeds have been used to
    incur Indebtedness, Disqualified Stock or Preferred Stock
    pursuant to clause (12)(a) of the second paragraph of
    &#147;&#151;&#160;Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock&#148;) from
    the issue or sale of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;(A)&#160;Equity Interests of the Issuer, including
    Treasury Capital Stock (as defined below), but excluding cash
    proceeds and the fair market value, as determined in good faith
    by the Issuer, of marketable securities or other property
    received from the sale of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 17%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (x)&#160;Equity Interests to members of management, directors or
    consultants of the Issuer, any direct or indirect parent company
    of the Issuer and the Issuer&#146;s Subsidiaries after the
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 17%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Issue Date to the extent such amounts have been applied to
    Restricted Payments made in accordance with clause&#160;(4) of
    the next succeeding paragraph;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 17%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (y)&#160;Designated Preferred Stock
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 17%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and (B)&#160;to the extent such net cash proceeds are actually
    contributed to the Issuer, Equity Interests of the Issuer&#146;s
    direct or indirect parent companies (excluding contributions of
    the proceeds from the sale of Designated Preferred Stock of such
    companies or contributions to the extent such amounts have been
    applied to Restricted Payments made in accordance with
    clause&#160;(4) of the next succeeding paragraph);&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;debt securities of the Issuer that have been converted
    into or exchanged for such Equity Interests of the Issuer;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided</I>, <I>however</I>, that this clause&#160;(b) shall
    not include the proceeds from (W)&#160;Refunding Capital Stock
    (as defined below), (X)&#160;Equity Interests or convertible
    debt securities of the Issuer sold to a Restricted Subsidiary,
    as the case may be, (Y)&#160;Disqualified Stock or debt
    securities that have been converted into Disqualified Stock or
    (Z)&#160;Excluded Contributions; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;100% of the aggregate amount of cash and the fair
    market value, as determined in good faith by the Issuer, of
    marketable securities or other property contributed to the
    capital of the Issuer following the Issue Date (other than net
    cash proceeds to the extent such net cash proceeds have been
    used to incur Indebtedness, Disqualified Stock or Preferred
    Stock pursuant to clause (12)(a) of the second paragraph of
    &#147;&#151;&#160;Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock&#148;) (other
    than by a Restricted Subsidiary and other than by any Excluded
    Contributions); <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;100% of the aggregate amount received in cash and the
    fair market value, as determined in good faith by the Issuer, of
    marketable securities or other property received by means of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;the sale or other disposition (other than to the Issuer
    or a Restricted Subsidiary) of Restricted Investments made by
    the Issuer or its Restricted Subsidiaries and repurchases and
    redemptions of such Restricted Investments from the Issuer or
    its Restricted Subsidiaries and repayments of loans or advances,
    and releases of guarantees, which constitute Restricted
    Investments by the Issuer or its Restricted Subsidiaries, in
    each case after the Issue Date;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;the sale (other than to the Issuer or a Restricted
    Subsidiary) of the stock of an Unrestricted Subsidiary or a
    distribution from an Unrestricted Subsidiary (other than in each
    case to the extent the Investment in such Unrestricted
    Subsidiary was made by the Issuer or a Restricted Subsidiary
    pursuant to clause&#160;(7) of the next succeeding paragraph or
    to the extent such Investment constituted a Permitted
    Investment) or a dividend from an Unrestricted Subsidiary after
    the Issue Date; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;in the case of the redesignation of an Unrestricted
    Subsidiary as a Restricted Subsidiary after the Issue Date, the
    fair market value of the Investment in such Unrestricted
    Subsidiary, as determined by the Issuer in good faith or if, in
    the case of an Unrestricted Subsidiary, such fair market value
    may exceed $150&#160;million, in writing by an Independent
    Financial Advisor, at the time of the redesignation of such
    Unrestricted Subsidiary as a Restricted Subsidiary other than an
    Unrestricted Subsidiary to the extent the Investment in such
    Unrestricted Subsidiary was made by the Issuer or a Restricted
    Subsidiary pursuant to clause&#160;(7) of the next succeeding
    paragraph or to the extent such Investment constituted a
    Permitted Investment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The foregoing provisions will not prohibit:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the payment of any dividend within 60&#160;days after
    the date of declaration thereof, if at the date of declaration
    such payment would have complied with the provisions of the
    Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;(a)&#160;the redemption, repurchase, retirement or
    other acquisition of any Equity Interests (&#147;<I>Treasury
    Capital Stock</I>&#148;) or Subordinated Indebtedness of the
    Issuer or any Equity Interests of any direct or
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    indirect parent company of the Issuer, in exchange for, or out
    of the proceeds of the substantially concurrent sale (other than
    to a Restricted Subsidiary) of, Equity Interests of the Issuer
    or any direct or indirect parent company of the Issuer to the
    extent contributed to the Issuer (in each case, other than any
    Disqualified Stock) (&#147;<I>Refunding Capital Stock</I>&#148;)
    and (b)&#160;if immediately prior to the retirement of Treasury
    Capital Stock, the declaration and payment of dividends thereon
    was permitted under clause&#160;(6) of this paragraph, the
    declaration and payment of dividends on the Refunding Capital
    Stock (other than Refunding Capital Stock the proceeds of which
    were used to redeem, repurchase, retire or otherwise acquire any
    Equity Interests of any direct or indirect parent company of the
    Issuer) in an aggregate amount per year no greater than the
    aggregate amount of dividends per annum that were declarable and
    payable on such Treasury Capital Stock immediately prior to such
    retirement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;the redemption, repurchase or other acquisition or
    retirement of Subordinated Indebtedness of the Issuer or a
    Guarantor made by exchange for, or out of the proceeds of the
    substantially concurrent sale of, new Indebtedness of the Issuer
    or a Guarantor, as the case may be, which is incurred in
    compliance with &#147;&#151;&#160;Limitation on Incurrence of
    Indebtedness and Issuance of Disqualified Stock and Preferred
    Stock&#148; so long as:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the principal amount of such new Indebtedness does not
    exceed the principal amount of (or accreted value, if
    applicable), plus any accrued and unpaid interest on, the
    Subordinated Indebtedness being so redeemed, repurchased,
    acquired or retired for value, plus the amount of any reasonable
    premium required to be paid under the terms of the instrument
    governing the Subordinated Indebtedness being so redeemed,
    repurchased, acquired or retired and any reasonable fees and
    expenses incurred in connection with the issuance of such new
    Indebtedness;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;such new Indebtedness is subordinated to the Senior
    Subordinated Notes or the applicable Guarantee at least to the
    same extent as such Subordinated Indebtedness so purchased,
    exchanged, redeemed, repurchased, acquired or retired for value;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;such new Indebtedness has a final scheduled maturity
    date equal to or later than the final scheduled maturity date of
    the Subordinated Indebtedness being so redeemed, repurchased,
    acquired or retired;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;such new Indebtedness has a Weighted Average Life to
    Maturity equal to or greater than the remaining Weighted Average
    Life to Maturity of the Subordinated Indebtedness being so
    redeemed, repurchased, acquired or retired;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;a Restricted Payment to pay for the repurchase,
    retirement or other acquisition or retirement for value of
    Equity Interests (other than Disqualified Stock) of the Issuer
    or any of its direct or indirect parent companies held by any
    future, present or former employee, director or consultant of
    the Issuer, any of its Subsidiaries or any of its direct or
    indirect parent companies pursuant to any management equity plan
    or stock option plan or any other management or employee benefit
    plan or agreement; <I>provided</I>, <I>however</I>, that the
    aggregate Restricted Payments made under this clause&#160;(4) do
    not exceed in any calendar year $25&#160;million (which shall
    increase to $50&#160;million subsequent to the consummation of
    an underwritten public Equity Offering by the Issuer or any
    direct or indirect parent corporation of the Issuer) (with
    unused amounts in any calendar year being carried over to
    succeeding calendar years subject to a maximum (without giving
    effect to the following proviso) of $50&#160;million in any
    calendar year (which shall increase to $100&#160;million
    subsequent to the consummation of an underwritten public Equity
    Offering by the Issuer or any direct or indirect parent
    corporation of the Issuer)); <I>provided further </I>that such
    amount in any calendar year may be increased by an amount not to
    exceed:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the cash proceeds from the sale of Equity Interests
    (other than Disqualified Stock) of the Issuer and, to the extent
    contributed to the Issuer, Equity Interests of any of the
    Issuer&#146;s direct or indirect parent companies, in each case
    to members of management, directors or consultants of the
    Issuer, any of its Subsidiaries or any of its direct or indirect
    parent companies that occurs after the Issue Date, to the extent
    the cash proceeds from the sale of such Equity Interests have
    not otherwise
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    been applied to the payment of Restricted Payments by virtue of
    clause&#160;(3) of the preceding paragraph; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the cash proceeds of key man life insurance policies
    received by the Issuer or its Restricted Subsidiaries after the
    Issue Date; <I>less</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;the amount of any Restricted Payments previously made
    with the cash proceeds described in clauses&#160;(a) and
    (b)&#160;of this clause (4);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and <I>provided further </I>that cancellation of Indebtedness
    owing to the Issuer from members of management of the Issuer,
    any of the Issuer&#146;s direct or indirect parent companies or
    any of the Issuer&#146;s Restricted Subsidiaries in connection
    with a repurchase of Equity Interests of the Issuer or any of
    its direct or indirect parent companies will not be deemed to
    constitute a Restricted Payment for purposes of this covenant or
    any other provision of the Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;the declaration and payment of dividends to holders of
    any class or series of Disqualified Stock of the Issuer or any
    of its Restricted Subsidiaries issued in accordance with the
    covenant described under &#147;&#151;&#160;Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock&#148; to the extent such dividends are
    included in the definition of &#147;Fixed Charges&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;(a)&#160;the declaration and payment of dividends to
    holders of any class or series of Designated Preferred Stock
    (other than Disqualified Stock) issued by the Issuer after the
    Issue Date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the declaration and payment of dividends to a direct or
    indirect parent company of the Issuer, the proceeds of which
    will be used to fund the payment of dividends to holders of any
    class or series of Designated Preferred Stock (other than
    Disqualified Stock) of such parent corporation issued after the
    Issue Date, <I>provided </I>that the amount of dividends paid
    pursuant to this clause&#160;(b) shall not exceed the aggregate
    amount of cash actually contributed to the Issuer from the sale
    of such Designated Preferred Stock;&#160;or
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;the declaration and payment of dividends on Refunding
    Capital Stock that is Preferred Stock in excess of the dividends
    declarable and payable thereon pursuant to clause&#160;(2) of
    this paragraph;
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided</I>, <I>however</I>, in the case of each of (a),
    (b)&#160;and (c)&#160;of this clause (6), that for the most
    recently ended four full fiscal quarters for which internal
    financial statements are available immediately preceding the
    date of issuance of such Designated Preferred Stock or the
    declaration of such dividends on Refunding Capital Stock that is
    Preferred Stock, after giving effect to such issuance or
    declaration on a <I>pro forma </I>basis, the Issuer and its
    Restricted Subsidiaries on a consolidated basis would have had a
    Fixed Charge Coverage Ratio of at least 2.00 to 1.00;
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;Investments in Unrestricted Subsidiaries having an
    aggregate fair market value, taken together with all other
    Investments made pursuant to this clause&#160;(7) that are at
    the time outstanding, without giving effect to the sale of an
    Unrestricted Subsidiary to the extent the proceeds of such sale
    do not consist of cash or marketable securities, not to exceed
    2% of Total Assets at the time of such Investment (with the fair
    market value of each Investment being measured at the time made
    and without giving effect to subsequent changes in value);
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;repurchases of Equity Interests deemed to occur upon
    exercise of stock options or warrants if such Equity Interests
    represent a portion of the exercise price of such options or
    warrants;
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;the declaration and payment of dividends on the
    Issuer&#146;s common stock (or the payment of dividends to any
    direct or indirect parent entity to fund a payment of dividends
    on such entity&#146;s common stock), following the first public
    offering of the Issuer&#146;s common stock or the common stock
    of any of its direct or indirect parent companies after the
    Issue Date, of up to 6% per annum of the net cash proceeds
    received by or contributed to the Issuer in or from any such
    public offering, other than public offerings with respect to the
    Issuer&#146;s common stock registered on Form
    <FONT style="white-space: nowrap">S-8</FONT> and
    other than any public sale constituting an Excluded Contribution;
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;Restricted Payments that are made with Excluded
    Contributions;
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;other Restricted Payments in an aggregate amount taken
    together with all other Restricted Payments made pursuant to
    this clause&#160;(11) not to exceed the greater of
    (x)&#160;$275&#160;million or (y)&#160;1.875% of Total Assets at
    the time made;
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (12)&#160;distributions or payments of Receivables Fees;
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (13)&#160;any Restricted Payment used to fund the Transaction
    and the fees and expenses related thereto or owed to Affiliates,
    in each case to the extent permitted by the covenant described
    under &#147;&#151;&#160;Transactions with Affiliates&#148;;
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (14)&#160;the repurchase, redemption or other acquisition or
    retirement for value of any Subordinated Indebtedness pursuant
    to the provisions similar to those described under the captions
    &#147;Repurchase at the Option of Holders&#160;&#151; Change of
    Control&#148; and &#147;Repurchase at the Option of
    Holders&#160;&#151; Asset Sales&#148;; <I>provided </I>that all
    Senior Subordinated Notes tendered by Holders in connection with
    a Change of Control Offer or Asset Sale Offer, as applicable,
    have been repurchased, redeemed or acquired for value;
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (15)&#160;the declaration and payment of dividends by the Issuer
    to, or the making of loans to, any direct or indirect parent in
    amounts required for any direct or indirect parent companies to
    pay, in each case without duplication,
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;franchise taxes and other fees, taxes and expenses
    required to maintain their corporate existence;
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;federal, state and local income taxes, to the extent
    such income taxes are attributable to the income of the Issuer
    and its Restricted Subsidiaries and, to the extent of the amount
    actually received from its Unrestricted Subsidiaries, in amounts
    required to pay such taxes to the extent attributable to the
    income of such Unrestricted Subsidiaries; <I>provided </I>that
    in each case the amount of such payments in any fiscal year does
    not exceed the amount that the Issuer and its Restricted
    Subsidiaries would be required to pay in respect of federal,
    state and local taxes for such fiscal year were the Issuer, its
    Restricted Subsidiaries and its Unrestricted Subsidiaries (to
    the extent described above) to pay such taxes separately from
    any such parent entity;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;customary salary, bonus and other benefits payable to
    officers and employees of any direct or indirect parent company
    of the Issuer to the extent such salaries, bonuses and other
    benefits are attributable to the ownership or operation of the
    Issuer and its Restricted Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;general corporate operating and overhead costs and
    expenses of any direct or indirect parent company of the Issuer
    to the extent such costs and expenses are attributable to the
    ownership or operation of the Issuer and its Restricted
    Subsidiaries;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;fees and expenses other than to Affiliates of the
    Issuer related to any unsuccessful equity or debt offering of
    such parent entity;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (16)&#160;the distribution, dividend or otherwise, of shares of
    Capital Stock of, or Indebtedness owed to the Issuer or a
    Restricted Subsidiary by Unrestricted Subsidiaries (other than
    Unrestricted Subsidiaries, the primary assets of which are cash
    <FONT style="white-space: nowrap">and/or</FONT> Cash
    Equivalents);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided</I>, <I>however</I>, that at the time of, and after
    giving effect to, any Restricted Payment permitted under
    clauses&#160;(11) and (16), no Default shall have occurred and
    be continuing or would occur as a consequence thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of the Issue Date, all of the Issuer&#146;s Subsidiaries were
    Restricted Subsidiaries. The Issuer will not permit any
    Unrestricted Subsidiary to become a Restricted Subsidiary except
    pursuant to the last sentence of the definition of
    &#147;Unrestricted Subsidiary.&#148; For purposes of designating
    any Restricted Subsidiary as an Unrestricted Subsidiary, all
    outstanding Investments by the Issuer and its Restricted
    Subsidiaries (except to the extent repaid) in the Subsidiary so
    designated will be deemed to be Restricted Payments in an amount
    determined as set forth in the last sentence of the definition
    of &#147;Investment.&#148; Such designation will be permitted
    only if a Restricted Payment in such amount would be permitted
    at such time, whether pursuant to the first paragraph of this
    covenant or under clause (7), (10), (11)&#160;or (16)&#160;of
    the second paragraph of this covenant, or pursuant to the
    definition of &#147;Permitted Investments,&#148; and if such
    Subsidiary otherwise meets the
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    definition of an Unrestricted Subsidiary. Unrestricted
    Subsidiaries will not be subject to any of the restrictive
    covenants set forth in the Indenture.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Limitation
    on Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will not, and will not permit any of its Restricted
    Subsidiaries to, directly or indirectly, create, incur, issue,
    assume, guarantee or otherwise become directly or indirectly
    liable, contingently or otherwise (collectively,
    &#147;<I>incur</I>&#148; and collectively, an
    &#147;<I>incurrence</I>&#148;) with respect to any Indebtedness
    (including Acquired Indebtedness) and the Issuer will not issue
    any shares of Disqualified Stock and will not permit any
    Restricted Subsidiary to issue any shares of Disqualified Stock
    or Preferred Stock; <I>provided</I>, <I>however</I>, that the
    Issuer may incur Indebtedness (including Acquired Indebtedness)
    or issue shares of Disqualified Stock, and any of its Restricted
    Subsidiaries may incur Indebtedness (including Acquired
    Indebtedness), issue shares of Disqualified Stock and issue
    shares of Preferred Stock, if the Fixed Charge Coverage Ratio on
    a consolidated basis for the Issuer and its Restricted
    Subsidiaries&#146; most recently ended four fiscal quarters for
    which internal financial statements are available immediately
    preceding the date on which such additional Indebtedness is
    incurred or such Disqualified Stock or Preferred Stock is issued
    would have been at least 2.00 to 1.00, determined on a <I>pro
    forma </I>basis (including a <I>pro forma </I>application of the
    net proceeds therefrom), as if the additional Indebtedness had
    been incurred, or the Disqualified Stock or Preferred Stock had
    been issued, as the case may be, and the application of proceeds
    therefrom had occurred at the beginning of such four-quarter
    period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The foregoing limitations will not apply to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the incurrence of Indebtedness under Credit Facilities
    by the Issuer or any of its Restricted Subsidiaries and the
    issuance and creation of letters of credit and bankers&#146;
    acceptances thereunder (with letters of credit and bankers&#146;
    acceptances being deemed to have a principal amount equal to the
    face amount thereof), up to an aggregate principal amount of
    $5,750&#160;million outstanding at any one time, less up to
    $1,000&#160;million in the aggregate of mandatory principal
    payments actually made by the borrower thereunder in respect of
    Indebtedness thereunder with Net Proceeds from an Asset Sale or
    series of related Asset Sales that constitutes the sale,
    transfer, conveyance or other disposition of all or
    substantially all of a segment (as defined under GAAP) of the
    Issuer (other than any segment predominantly composed of assets
    acquired by the Issuer or its Restricted Subsidiaries subsequent
    to the Issue Date);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the incurrence by the Issuer and any Guarantor of
    Indebtedness represented by (a)&#160;the Senior Subordinated
    Notes (including any Guarantee) (other than any Additional
    Senior Subordinated Notes) and (b)&#160;the Senior Notes
    (including any guarantee thereof);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;Indebtedness of the Issuer and its Restricted
    Subsidiaries in existence on the Issue Date (other than
    Indebtedness described in clauses&#160;(1) and (2));
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;Indebtedness (including Capitalized Lease Obligations),
    Disqualified Stock and Preferred Stock incurred by the Issuer or
    any of its Restricted Subsidiaries, to finance the purchase,
    lease or improvement of property (real or personal) or equipment
    (other than software) that is used or useful in a Similar
    Business, whether through the direct purchase of assets or the
    Capital Stock of any Person owning such assets;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;Indebtedness incurred by the Issuer or any of its
    Restricted Subsidiaries constituting reimbursement obligations
    with respect to letters of credit issued in the ordinary course
    of business, including letters of credit in respect of
    workers&#146; compensation claims, or other Indebtedness with
    respect to reimbursement type obligations regarding
    workers&#146; compensation claims; <I>provided</I>,
    <I>however</I>, that upon the drawing of such letters of credit
    or the incurrence of such Indebtedness, such obligations are
    reimbursed within 30&#160;days following such drawing or
    incurrence;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;Indebtedness arising from agreements of the Issuer or
    its Restricted Subsidiaries providing for indemnification,
    adjustment of purchase price or similar obligations, in each
    case, incurred or assumed in connection with the disposition of
    any business, assets or a Subsidiary, other than guarantees of
    Indebtedness incurred by any Person acquiring all or any portion
    of such business, assets or a Subsidiary for the purpose of
    financing such acquisition; <I>provided</I>, <I>however</I>, that
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;such Indebtedness is not reflected on the balance sheet
    of the Issuer, or any of its Restricted Subsidiaries (contingent
    obligations referred to in a footnote to financial statements
    and not otherwise reflected on the balance sheet will not be
    deemed to be reflected on such balance sheet for purposes of
    this clause (6)(a));&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the maximum assumable liability in respect of all such
    Indebtedness shall at no time exceed the gross proceeds
    including non-cash proceeds (the fair market value of such
    non-cash proceeds being measured at the time received and
    without giving effect to any subsequent changes in value)
    actually received by the Issuer and its Restricted Subsidiaries
    in connection with such disposition;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;Indebtedness of the Issuer to a Restricted Subsidiary;
    <I>provided</I> that any such Indebtedness owing to a Restricted
    Subsidiary that is not a Guarantor is expressly subordinated in
    right of payment to the Senior Subordinated Notes; <I>provided
    further </I>that any subsequent issuance or transfer of any
    Capital Stock or any other event which results in any Restricted
    Subsidiary ceasing to be a Restricted Subsidiary or any other
    subsequent transfer of any such Indebtedness (except to the
    Issuer or another Restricted Subsidiary) shall be deemed, in
    each case, to be an incurrence of such Indebtedness;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;Indebtedness of a Restricted Subsidiary to the Issuer
    or another Restricted Subsidiary; <I>provided </I>that if a
    Guarantor incurs such Indebtedness to a Restricted Subsidiary
    that is not a Guarantor, such Indebtedness is expressly
    subordinated in right of payment to the Guarantee of the Senior
    Subordinated Notes of such Guarantor; <I>provided further
    </I>that any subsequent transfer of any such Indebtedness
    (except to the Issuer or another Restricted Subsidiary) shall be
    deemed, in each case, to be an incurrence of such Indebtedness;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;shares of Preferred Stock of a Restricted Subsidiary
    issued to the Issuer or another Restricted Subsidiary,
    <I>provided </I>that any subsequent issuance or transfer of any
    Capital Stock or any other event which results in any such
    Restricted Subsidiary ceasing to be a Restricted Subsidiary or
    any other subsequent transfer of any such shares of Preferred
    Stock (except to the Issuer or another of its Restricted
    Subsidiaries) shall be deemed in each case to be an issuance of
    such shares of Preferred Stock;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;Hedging Obligations (excluding Hedging Obligations
    entered into for speculative purposes) for the purpose of
    limiting interest rate risk with respect to any Indebtedness
    permitted to be incurred pursuant to
    &#147;&#151;&#160;Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock,&#148;
    exchange rate risk or commodity pricing risk;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;obligations in respect of performance, bid, appeal and
    surety bonds and completion guarantees provided by the Issuer or
    any of its Restricted Subsidiaries in the ordinary course of
    business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (12)&#160;(a)&#160;Indebtedness or Disqualified Stock of the
    Issuer and Indebtedness, Disqualified Stock or Preferred Stock
    of the Issuer or any Restricted Subsidiary equal to 200% of the
    net cash proceeds received by the Issuer since immediately after
    the Issue Date from the issue or sale of Equity Interests of the
    Issuer or cash contributed to the capital of the Issuer (in each
    case, other than proceeds of Disqualified Stock or sales of
    Equity Interests to the Issuer or any of its Subsidiaries) as
    determined in accordance with clauses (3)(b) and (3)(c) of the
    first paragraph of &#147;&#151;&#160;Limitation on Restricted
    Payments&#148; to the extent such net cash proceeds or cash have
    not been applied pursuant to such clauses to make Restricted
    Payments or to make other Investments, payments or exchanges
    pursuant to the second paragraph of &#147;&#151;&#160;Limitation
    on Restricted Payments&#148; or to make Permitted Investments
    (other than Permitted Investments specified in clauses&#160;(1)
    and (3)&#160;of the definition thereof) and
    (b)&#160;Indebtedness or Disqualified Stock of Issuer and
    Indebtedness, Disqualified Stock or Preferred Stock of the
    Issuer or any Restricted Subsidiary not otherwise permitted
    hereunder in an aggregate principal amount or liquidation
    preference, which when aggregated with the principal amount and
    liquidation preference of all other Indebtedness, Disqualified
    Stock and Preferred Stock then outstanding and incurred pursuant
    to this clause (12)(b), does not at any one time outstanding
    exceed $600&#160;million (it being understood that any
    Indebtedness, Disqualified Stock or Preferred Stock incurred
    pursuant to this clause (12)(b) shall cease to be deemed
    incurred or outstanding for purposes of this clause (12)(b) but
    shall be deemed incurred for the purposes of the first paragraph
    of this covenant from and after the first date on which the
    Issuer or
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    such Restricted Subsidiary could have incurred such
    Indebtedness, Disqualified Stock or Preferred Stock under the
    first paragraph of this covenant without reliance on this clause
    (12)(b));
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (13)&#160;the incurrence by the Issuer or any Restricted
    Subsidiary, of the Issuer of Indebtedness, Disqualified Stock or
    Preferred Stock which serves to refund or refinance any
    Indebtedness, Disqualified Stock or Preferred Stock incurred as
    permitted under the first paragraph of this covenant and clauses
    (2), (3)&#160;and (12)(a) above, this clause&#160;(13) and
    clause&#160;(14) below or any Indebtedness, Disqualified Stock
    or Preferred Stock issued to so refund or refinance such
    Indebtedness, Disqualified Stock or Preferred Stock including
    additional Indebtedness, Disqualified Stock or Preferred Stock
    incurred to pay premiums (including reasonable tender premiums),
    defeasance costs and fees in connection therewith (the
    &#147;<I>Refinancing Indebtedness</I>&#148;) prior to its
    respective maturity; <I>provided</I>, <I>however</I>, that such
    Refinancing Indebtedness:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;has a Weighted Average Life to Maturity at the time
    such Refinancing Indebtedness is incurred which is not less than
    the remaining Weighted Average Life to Maturity of the
    Indebtedness, Disqualified Stock or Preferred Stock being
    refunded or refinanced,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;to the extent such Refinancing Indebtedness refinances
    (i)&#160;Indebtedness subordinated or <I>pari passu </I>to the
    Senior Subordinated Notes or any Guarantee thereof, such
    Refinancing Indebtedness is subordinated or <I>pari passu </I>to
    the Senior Subordinated Notes or the Guarantee at least to the
    same extent as the Indebtedness being refinanced or refunded or
    (ii)&#160;Disqualified Stock or Preferred Stock, such
    Refinancing Indebtedness must be Disqualified Stock or Preferred
    Stock, respectively,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;shall not include:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;Indebtedness, Disqualified Stock or Preferred Stock of
    a Subsidiary of the Issuer that is not a Guarantor that
    refinances Indebtedness, Disqualified Stock or Preferred Stock
    of the Issuer;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;Indebtedness, Disqualified Stock or Preferred Stock of
    a Subsidiary of the Issuer, that is not a Guarantor that
    refinances Indebtedness, Disqualified Stock or Preferred Stock
    of a Guarantor;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 13%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iii)&#160;Indebtedness, Disqualified Stock or Preferred Stock
    of the Issuer or a Restricted Subsidiary that refinances
    Indebtedness, Disqualified Stock or Preferred Stock of an
    Unrestricted Subsidiary;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and <I>provided further </I>that subclause&#160;(a) of this
    clause&#160;(13) will not apply to any refunding or refinancing
    of any Indebtedness outstanding under any Senior Indebtedness;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (14)&#160;Indebtedness, Disqualified Stock or Preferred Stock of
    (x)&#160;the Issuer or a Restricted Subsidiary incurred to
    finance an acquisition or (y)&#160;Persons that are acquired by
    the Issuer or any Restricted Subsidiary or merged into the
    Issuer or a Restricted Subsidiary in accordance with the terms
    of the Indenture; <I>provided </I>that either
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;such Indebtedness, Disqualified Stock or Preferred
    Stock:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;is not Secured Indebtedness and is Senior Subordinated
    Indebtedness or Subordinated Indebtedness with terms no less
    favorable to the Holders thereof than the subordination terms
    set forth in the Indenture as in effect on the Issue Date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;is not incurred while a Default exists and no Default
    shall result therefrom;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;matures and does not require any payment of principal
    prior to the final maturity of the Senior Subordinated Notes
    (other than in a manner consistent with the terms of the
    Indenture);&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;in the case of clause (y), is not incurred in
    contemplation of such acquisition or merger;&#160;or
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;after giving effect to such acquisition or merger,
    either
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the Issuer would be permitted to incur at least $1.00
    of additional Indebtedness pursuant to the Fixed Charge Coverage
    Ratio test set forth in the first sentence of this
    covenant,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the Fixed Charge Coverage Ratio of the Issuer and the
    Restricted Subsidiaries is greater than immediately prior to
    such acquisition or merger;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (15)&#160;Indebtedness arising from the honoring by a bank or
    other financial institution of a check, draft or similar
    instrument drawn against insufficient funds in the ordinary
    course of business, <I>provided </I>that such Indebtedness is
    extinguished within two Business Days of its incurrence;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (16)&#160;Indebtedness of the Issuer or any of its Restricted
    Subsidiaries supported by a letter of credit issued pursuant to
    the Credit Facilities, in a principal amount not in excess of
    the stated amount of such letter of credit;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (17)&#160;(a)&#160;any guarantee by the Issuer or a Restricted
    Subsidiary of Indebtedness or other obligations of any
    Restricted Subsidiary so long as the incurrence of such
    Indebtedness incurred by such Restricted Subsidiary is permitted
    under the terms of the Indenture,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;any guarantee by a Restricted Subsidiary of
    Indebtedness of the Issuer <I>provided </I>that such guarantee
    is incurred in accordance with the covenant described below
    under &#147;&#151;&#160;Limitation on Guarantees of Indebtedness
    by Restricted Subsidiaries&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (18)&#160;Indebtedness of Foreign Subsidiaries of the Issuer
    incurred not to exceed at any one time outstanding and together
    with any other Indebtedness incurred under this clause&#160;(18)
    5% of the Total Assets of the Foreign Subsidiaries (it being
    understood that any Indebtedness incurred pursuant to this
    clause&#160;(18) shall cease to be deemed incurred or
    outstanding for purposes of this clause&#160;(18) but shall be
    deemed incurred for the purposes of the first paragraph of this
    covenant from and after the first date on which the Issuer or
    such Restricted Subsidiary could have incurred such Indebtedness
    under the first paragraph of this covenant without reliance on
    this clause (18));
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (19)&#160;Indebtedness, Disqualified Stock or Preferred Stock of
    a Restricted Subsidiary incurred to finance or assumed in
    connection with an acquisition in a principal amount not to
    exceed $200&#160;million in the aggregate at any one time
    outstanding together with all other Indebtedness, Disqualified
    Stock <FONT style="white-space: nowrap">and/or</FONT>
    Preferred Stock issued under this clause (19) (it being
    understood that any Indebtedness, Disqualified Stock or
    Preferred Stock incurred pursuant to this clause&#160;(19) shall
    cease to be deemed incurred or outstanding for purposes of this
    clause&#160;(19) but shall be deemed incurred for the purposes
    of the first paragraph of this covenant from and after the first
    date on which such Restricted Subsidiary could have incurred
    such Indebtedness, Disqualified Stock or Preferred Stock under
    the first paragraph of this covenant without reliance on this
    clause (19));
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (20)&#160;Indebtedness of the Issuer or any of its Restricted
    Subsidiaries consisting of (i)&#160;the financing of insurance
    premiums or
    <FONT style="white-space: nowrap">(ii)&#160;take-or-pay</FONT>
    obligations contained in supply arrangements in each case,
    incurred in the ordinary course of business;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (21)&#160;Indebtedness consisting of Indebtedness issued by the
    Issuer or any of its Restricted Subsidiaries to current or
    former officers, directors and employees thereof, their
    respective estates, spouses or former spouses, in each case to
    finance the purchase or redemption of Equity Interests of the
    Issuer or any direct or indirect parent company of the Issuer to
    the extent described in clause&#160;(4) of the second paragraph
    under the caption &#147;&#151;&#160;Limitation on Restricted
    Payments.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of determining compliance with this covenant:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;in the event that an item of Indebtedness, Disqualified
    Stock or Preferred Stock (or any portion thereof) meets the
    criteria of more than one of the categories of permitted
    Indebtedness, Disqualified Stock or Preferred Stock described in
    clauses&#160;(1) through (21)&#160;above or is entitled to be
    incurred pursuant to the first paragraph of this covenant, the
    Issuer, in its sole discretion, will classify or reclassify such
    item of Indebtedness, Disqualified Stock or Preferred Stock (or
    any portion thereof) and will only be
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    required to include the amount and type of such Indebtedness,
    Disqualified Stock or Preferred Stock in one of the above
    clauses; <I>provided </I>that all Indebtedness outstanding under
    the Credit Facilities on the Issue Date will be treated as
    incurred on the Issue Date under clause&#160;(1) of the
    preceding paragraph;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;at the time of incurrence, the Issuer will be entitled
    to divide and classify an item of Indebtedness in more than one
    of the types of Indebtedness described in the first and second
    paragraphs above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Accrual of interest, the accretion of accreted value and the
    payment of interest in the form of additional Indebtedness,
    Disqualified Stock or Preferred Stock will not be deemed to be
    an incurrence of Indebtedness, Disqualified Stock or Preferred
    Stock for purposes of this covenant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of determining compliance with any
    U.S.&#160;dollar-denominated restriction on the incurrence of
    Indebtedness, the U.S.&#160;dollar-equivalent principal amount
    of Indebtedness denominated in a foreign currency shall be
    calculated based on the relevant currency exchange rate in
    effect on the date such Indebtedness was incurred, in the case
    of term debt, or first committed, in the case of revolving
    credit debt; <I>provided </I>that if such Indebtedness is
    incurred to refinance other Indebtedness denominated in a
    foreign currency, and such refinancing would cause the
    applicable U.S.&#160;dollar denominated restriction to be
    exceeded if calculated at the relevant currency exchange rate in
    effect on the date of such refinancing, such
    U.S.&#160;dollar-denominated restriction shall be deemed not to
    have been exceeded so long as the principal amount of such
    refinancing Indebtedness does not exceed the principal amount of
    such Indebtedness being refinanced.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The principal amount of any Indebtedness incurred to refinance
    other Indebtedness, if incurred in a different currency from the
    Indebtedness being refinanced, shall be calculated based on the
    currency exchange rate applicable to the currencies in which
    such respective Indebtedness is denominated that is in effect on
    the date of such refinancing.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Liens</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will not, and will not permit any Guarantor to,
    directly or indirectly, create, incur, assume or suffer to exist
    any Lien (except Permitted Liens) that secures obligations under
    any Indebtedness ranking <I>pari passu </I>with or subordinated
    to the Senior Subordinated Notes or any related Guarantee, on
    any asset or property of the Issuer or any Guarantor, or any
    income or profits therefrom, or assign or convey any right to
    receive income therefrom, unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;in the case of Liens securing Subordinated
    Indebtedness, the Senior Subordinated Notes and related
    Guarantees are secured by a Lien on such property, assets or
    proceeds that is senior in priority to such Liens; or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;in all other cases, the Senior Subordinated Notes or
    the Guarantees are equally and ratably secured, except that the
    foregoing shall not apply to (a)&#160;Liens securing the Senior
    Subordinated Notes and the related Guarantees and (b)&#160;Liens
    securing Senior Indebtedness of the Issuer or any Guarantor.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Merger,
    Consolidation or Sale of All or Substantially All
    Assets</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer may not consolidate or merge with or into or wind up
    into (whether or not the Issuer is the surviving corporation),
    or sell, assign, transfer, lease, convey or otherwise dispose of
    all or substantially all of its properties or assets, in one or
    more related transactions, to any Person unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the Issuer is the surviving corporation or the Person
    formed by or surviving any such consolidation or merger (if
    other than the Issuer) or to which such sale, assignment,
    transfer, lease, conveyance or other disposition will have been
    made is a corporation organized or existing under the laws of
    the jurisdiction of organization of the Issuer or the laws of
    the United States, any state thereof, the District of Columbia,
    or any territory thereof (such Person, as the case may be, being
    herein called the &#147;<I>Successor Company</I>&#148;);
</DIV>
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    <BR>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the Successor Company, if other than the Issuer,
    expressly assumes all the obligations of the Issuer under the
    Senior Subordinated Notes pursuant to supplemental indentures or
    other documents or instruments in form reasonably satisfactory
    to the Trustee;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;immediately after such transaction, no Default exists;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;immediately after giving <I>pro forma </I>effect to
    such transaction and any related financing transactions, as if
    such transactions had occurred at the beginning of the
    applicable four-quarter period,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the Successor Company would be permitted to incur at
    least $1.00 of additional Indebtedness pursuant to the Fixed
    Charge Coverage Ratio test set forth in the first sentence of
    the covenant described under &#147;&#151;&#160;Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock,&#148;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the Fixed Charge Coverage Ratio for the Successor
    Company, the Issuer and its Restricted Subsidiaries would be
    greater than such Ratio for the Issuer and its Restricted
    Subsidiaries immediately prior to such transaction;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;each Guarantor, unless it is the other party to the
    transactions described above, in which case clause&#160;(b) of
    the second succeeding paragraph shall apply, shall have by
    supplemental indenture confirmed that its Guarantee shall apply
    to such Person&#146;s obligations under the Indenture, the
    Senior Subordinated Notes and the Registration Rights
    Agreement;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;the Issuer shall have delivered to the Trustee an
    Officer&#146;s Certificate and an Opinion of Counsel, each
    stating that such consolidation, merger or transfer and such
    supplemental indentures, if any, comply with the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Successor Company will succeed to, and be substituted for
    the Issuer, as the case may be, under the Indenture, the
    Guarantees and the Senior Subordinated Notes, as applicable.
    Notwithstanding the foregoing clauses&#160;(3) and (4),
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any Restricted Subsidiary may consolidate with or merge
    into or transfer all or part of its properties and assets to the
    Issuer,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the Issuer may merge with an Affiliate of the Issuer,
    as the case may be, solely for the purpose of reincorporating
    the Issuer in a State of the United States so long as the amount
    of Indebtedness of the Issuer and its Restricted Subsidiaries is
    not increased thereby.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subject to certain limitations described in the Indenture
    governing release of a Guarantee upon the sale, disposition or
    transfer of a guarantor, no Guarantor will, and the Issuer will
    not permit any Guarantor to, consolidate or merge with or into
    or wind up into (whether or not the Issuer or Guarantor is the
    surviving corporation), or sell, assign, transfer, lease, convey
    or otherwise dispose of all or substantially all of its
    properties or assets, in one or more related transactions, to
    any Person unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;(a)&#160;such Guarantor is the surviving corporation or
    the Person formed by or surviving any such consolidation or
    merger (if other than such Guarantor) or to which such sale,
    assignment, transfer, lease, conveyance or other disposition
    will have been made is a corporation organized or existing under
    the laws of the jurisdiction of organization of such Guarantor,
    as the case may be, or the laws of the United&#160;States, any
    state thereof, the District of Columbia, or any territory
    thereof (such Guarantor or such Person, as the case may be,
    being herein called the &#147;<I>Successor Person</I>&#148;);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the Successor Person, if other than such Guarantor,
    expressly assumes all the obligations of such Guarantor under
    the Indenture and such Guarantor&#146;s related Guarantee
    pursuant to supplemental indentures or other documents or
    instruments in form reasonably satisfactory to the Trustee;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;immediately after such transaction, no Default
    exists;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;the Issuer shall have delivered to the Trustee an
    Officer&#146;s Certificate and an Opinion of Counsel, each
    stating that such consolidation, merger or transfer and such
    supplemental indentures, if any, comply with the
    Indenture;&#160;or
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the transaction is made in compliance with the covenant
    described under &#147;Repurchase at the Option of
    Holders&#160;&#151; Asset Sales.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subject to certain limitations described in the Indenture, the
    Successor Person will succeed to, and be substituted for, such
    Guarantor under the Indenture and such Guarantor&#146;s
    Guarantee. Notwithstanding the foregoing, any Guarantor may
    merge into or transfer all or part of its properties and assets
    to another Guarantor or the Issuer.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Transactions
    with Affiliates</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will not, and will not permit any of its Restricted
    Subsidiaries to, make any payment to, or sell, lease, transfer
    or otherwise dispose of any of its properties or assets to, or
    purchase any property or assets from, or enter into or make or
    amend any transaction, contract, agreement, understanding, loan,
    advance or guarantee with, or for the benefit of, any Affiliate
    of the Issuer (each of the foregoing, an &#147;<I>Affiliate
    Transaction</I>&#148;) involving aggregate payments or
    consideration in excess of $20&#160;million, unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;such Affiliate Transaction is on terms that are not
    materially less favorable to the Issuer or its relevant
    Restricted Subsidiary than those that would have been obtained
    in a comparable transaction by the Issuer or such Restricted
    Subsidiary with an unrelated Person on an arm&#146;s-length
    basis;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the Issuer delivers to the Trustee with respect to any
    Affiliate Transaction or series of related Affiliate
    Transactions involving aggregate payments or consideration in
    excess of $50&#160;million, a resolution adopted by the majority
    of the board of directors of the Issuer approving such Affiliate
    Transaction and set forth in an Officer&#146;s Certificate
    certifying that such Affiliate Transaction complies with
    clause&#160;(1) above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The foregoing provisions will not apply to the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;transactions between or among the Issuer or any of its
    Restricted Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;Restricted Payments permitted by the provisions of the
    Indenture described above under the covenant
    &#147;&#151;&#160;Limitation on Restricted Payments&#148; and
    the definition of &#147;Permitted Investments&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;the payment of management, consulting, monitoring and
    advisory fees and related expenses to the Investors pursuant to
    the Sponsor Management Agreement in an aggregate amount in any
    fiscal year not to exceed 1% of EBITDA for such fiscal year
    (calculated, solely for the purpose of this clause (3), assuming
    (a)&#160;that such fees and related expenses had not been paid,
    when calculating Net Income, and (b)&#160;without giving effect
    to clause&#160;(h) of the definition of EBITDA) (plus any unpaid
    management, consulting, monitoring and advisory fees and related
    expenses within such amount accrued in any prior year) and the
    termination fees pursuant to the Sponsor Management Agreement
    not to exceed the amount set forth in the Sponsor Management
    Agreement as in effect on the Issue Date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;the payment of reasonable and customary fees paid to,
    and indemnities provided on behalf of, officers, directors,
    employees or consultants of Issuer, any of its direct or
    indirect parent companies or any of its Restricted Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;transactions in which the Issuer or any of its
    Restricted Subsidiaries, as the case may be, delivers to the
    Trustee a letter from an Independent Financial Advisor stating
    that such transaction is fair to the Issuer or such Restricted
    Subsidiary from a financial point of view or stating that the
    terms are not materially less favorable to the Issuer or its
    relevant Restricted Subsidiary than those that would have been
    obtained in a comparable transaction by the Issuer or such
    Restricted Subsidiary with an unrelated Person on an
    arm&#146;s-length basis;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;any agreement as in effect as of the Issue Date, or any
    amendment thereto (so long as any such amendment is not
    disadvantageous to the Holders when taken as a whole as compared
    to the applicable agreement as in effect on the Issue Date);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;the existence of, or the performance by the Issuer or
    any of its Restricted Subsidiaries of its obligations under the
    terms of, any stockholders agreement (including any registration
    rights agreement or
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    purchase agreement related thereto) to which it is a party as of
    the Issue Date and any similar agreements which it may enter
    into thereafter; <I>provided</I>, <I>however</I>, that the
    existence of, or the performance by the Issuer or any of its
    Restricted Subsidiaries of obligations under any future
    amendment to any such existing agreement or under any similar
    agreement entered into after the Issue Date shall only be
    permitted by this clause (7) to the extent that the terms of any
    such amendment or new agreement are not otherwise
    disadvantageous to the Holders when taken as a whole;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;the Transaction and the payment of all fees and
    expenses related to the Transaction, in each case as disclosed
    in this prospectus;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;transactions with customers, clients, suppliers, or
    purchasers or sellers of goods or services, in each case in the
    ordinary course of business and otherwise in compliance with the
    terms of the Indenture which are fair to the Issuer and its
    Restricted Subsidiaries, in the reasonable determination of the
    board of directors of the Issuer or the senior management
    thereof, or are on terms at least as favorable as might
    reasonably have been obtained at such time from an unaffiliated
    party;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;the issuance of Equity Interests (other than
    Disqualified Stock) of the Issuer to any Permitted Holder or to
    any director, officer, employee or consultant;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;sales of accounts receivable, or participations
    therein, in connection with any Receivables Facility;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (12)&#160;payments by the Issuer or any of its Restricted
    Subsidiaries to any of the Investors made for any financial
    advisory, financing, underwriting or placement services or in
    respect of other investment banking activities, including,
    without limitation, in connection with acquisitions or
    divestitures which payments are approved by a majority of the
    board of directors of the Issuer in good faith;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (13)&#160;payments or loans (or cancellation of loans) to
    employees or consultants of the Issuer, any of its direct or
    indirect parent companies or any of its Restricted Subsidiaries
    and employment agreements, stock option plans and other similar
    arrangements with such employees or consultants which, in each
    case, are approved by the Issuer in good faith;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (14)&#160;investments by the Investors in securities of the
    Issuer or any of its Restricted Subsidiaries so long as
    (i)&#160;the investment is being offered generally to other
    investors on the same or more favorable terms and (ii)&#160;the
    investment constitutes less than 5% of the proposed or
    outstanding issue amount of such class of securities.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Dividend
    and Other Payment Restrictions Affecting Restricted
    Subsidiaries</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will not, and will not permit any of its Restricted
    Subsidiaries that are not Guarantors to, directly or indirectly,
    create or otherwise cause or suffer to exist or become effective
    any consensual encumbrance or consensual restriction on the
    ability of any such Restricted Subsidiary to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;(a)&#160;pay dividends or make any other distributions
    to the Issuer or any of its Restricted Subsidiaries on its
    Capital Stock or with respect to any other interest or
    participation in, or measured by, its profits,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;pay any Indebtedness owed to the Issuer or any of its
    Restricted Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;make loans or advances to the Issuer or any of its
    Restricted Subsidiaries;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;sell, lease or transfer any of its properties or assets
    to the Issuer or any of its Restricted Subsidiaries, except (in
    each case) for such encumbrances or restrictions existing under
    or by reason of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;contractual encumbrances or restrictions in effect on
    the Issue Date, including pursuant to the Senior Credit
    Facilities and the related documentation and the Senior Notes
    and the related indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the Indenture and the Senior Subordinated Notes;
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;purchase money obligations for property acquired in the
    ordinary course of business that impose restrictions of the
    nature discussed in clause&#160;(3) above on the property so
    acquired;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;applicable law or any applicable rule, regulation or
    order;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;any agreement or other instrument of a Person acquired
    by the Issuer or any of its Restricted Subsidiaries in existence
    at the time of such acquisition (but not created in
    contemplation thereof), which encumbrance or restriction is not
    applicable to any Person, or the properties or assets of any
    Person, other than the Person and its Subsidiaries, or the
    property or assets of the Person and its Subsidiaries, so
    acquired;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;contracts for the sale of assets, including customary
    restrictions with respect to a Subsidiary of the Issuer pursuant
    to an agreement that has been entered into for the sale or
    disposition of all or substantially all of the Capital Stock or
    assets of such Subsidiary;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;Secured Indebtedness otherwise permitted to be incurred
    pursuant to the covenants described under
    &#147;&#151;&#160;Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock&#148; and
    &#147;&#151;&#160;Liens&#148; that limit the right of the debtor
    to dispose of the assets securing such Indebtedness;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;restrictions on cash or other deposits or net worth
    imposed by customers under contracts entered into in the
    ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;other Indebtedness, Disqualified Stock or Preferred
    Stock of Foreign Subsidiaries permitted to be incurred
    subsequent to the Issue Date pursuant to the provisions of the
    covenant described under &#147;&#151;&#160;Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (j)&#160;customary provisions in joint venture agreements and
    other similar agreements relating solely to such joint venture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (k)&#160;customary provisions contained in leases or licenses of
    intellectual property and other agreements, in each case,
    entered into in the ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (l)&#160;any encumbrances or restrictions of the type referred
    to in clauses (1), (2)&#160;and (3)&#160;above imposed by any
    amendments, modifications, restatements, renewals, increases,
    supplements, refundings, replacements or refinancings of the
    contracts, instruments or obligations referred to in
    clauses&#160;(a) through (k)&#160;above; <I>provided </I>that
    such amendments, modifications, restatements, renewals,
    increases, supplements, refundings, replacements or refinancings
    are, in the good faith judgment of the Issuer, no more
    restrictive with respect to such encumbrance and other
    restrictions taken as a whole than those prior to such
    amendment, modification, restatement, renewal, increase,
    supplement, refunding, replacement or refinancing;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (m)&#160;restrictions created in connection with any Receivables
    Facility that, in the good faith determination of the Issuer are
    necessary or advisable to effect such Receivables Facility.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Limitation
    on Guarantees of Indebtedness by Restricted
    Subsidiaries</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer will not permit any of its Wholly-Owned Subsidiaries
    that are Restricted Subsidiaries (and non-Wholly-Owned
    Subsidiaries if such non-Wholly-Owned Subsidiaries guarantee
    other capital markets debt securities), other than a Guarantor
    or a Foreign Subsidiary, to guarantee the payment of any
    Indebtedness of the Issuer or any other Guarantor unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;such Restricted Subsidiary within 30&#160;days executes
    and delivers a supplemental indenture to the Indenture providing
    for a Guarantee by such Restricted Subsidiary, except that with
    respect to a guarantee of Indebtedness of the Issuer or any
    Guarantor:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;if the Senior Subordinated Notes or such
    Guarantor&#146;s Guarantee are subordinated in right of payment
    to such Indebtedness, the Guarantee under the supplemental
    indenture shall be subordinated
</DIV>
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    to such Restricted Subsidiary&#146;s guarantee with respect to
    such Indebtedness substantially to the same extent as the Senior
    Subordinated Notes are subordinated to such
    Indebtedness;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;if such Indebtedness is by its express terms
    subordinated in right of payment to the Senior Subordinated
    Notes or such Guarantor&#146;s Guarantee, any such guarantee by
    such Restricted Subsidiary with respect to such Indebtedness
    shall be subordinated in right of payment to such Guarantee
    substantially to the same extent as such Indebtedness is
    subordinated to the Senior Subordinated Notes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;such Restricted Subsidiary waives and will not in any
    manner whatsoever claim or take the benefit or advantage of, any
    rights of reimbursement, indemnity or subrogation or any other
    rights against the Issuer or any other Restricted Subsidiary as
    a result of any payment by such Restricted Subsidiary under its
    Guarantee;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;such Restricted Subsidiary shall deliver to the Trustee
    an Opinion of Counsel to the effect that:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;such Guarantee has been duly executed and
    authorized;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;such Guarantee constitutes a valid, binding and
    enforceable obligation of such Restricted Subsidiary, except
    insofar as enforcement thereof may be limited by bankruptcy,
    insolvency or similar laws (including, without limitation, all
    laws relating to fraudulent transfers) and except insofar as
    enforcement thereof is subject to general principles of equity;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided </I>that this covenant shall not be applicable to
    any guarantee of any Restricted Subsidiary that existed at the
    time such Person became a Restricted Subsidiary and was not
    incurred in connection with, or in contemplation of, such Person
    becoming a Restricted Subsidiary.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Limitation
    on Layering</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture provides that the Issuer will not, and will not
    permit any Guarantor to, directly or indirectly, incur any
    Indebtedness (including Acquired Indebtedness) that is
    subordinate in right of payment to any Senior Indebtedness of
    the Issuer or such Guarantor, as the case may be, unless such
    Indebtedness is either:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;equal in right of payment with the Senior Subordinated
    Notes or such Guarantor&#146;s Guarantee of the Senior
    Subordinated Notes, as the case may be;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;expressly subordinated in right of payment to the
    Senior Subordinated Notes or such Guarantor&#146;s Guarantee of
    the Senior Subordinated Notes, as the case may be.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture does not treat (1)&#160;unsecured Indebtedness as
    subordinated or junior to Secured Indebtedness merely because it
    is unsecured or (2)&#160;Senior Indebtedness as subordinated or
    junior to any other Senior Indebtedness merely because it has a
    junior priority with respect to the same collateral.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Reports
    and Other Information</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding that the Issuer may not be subject to the
    reporting requirements of Section&#160;13 or 15(d) of the
    Exchange Act or otherwise report on an annual and quarterly
    basis on forms provided for such annual and quarterly reporting
    pursuant to rules and regulations promulgated by the SEC, the
    Indenture requires the Issuer to file with the SEC (and make
    available to the Trustee and Holders of the Senior Subordinated
    Notes (without exhibits), without cost to any Holder, within
    15&#160;days after it files them with the SEC) from and after
    the Issue Date,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;within 90&#160;days (or any other time period then in
    effect under the rules and regulations of the Exchange Act with
    respect to the filing of a
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    by a non-accelerated filer) after the end of each fiscal year,
    annual reports on
    <FONT style="white-space: nowrap">Form&#160;10-K,</FONT>
    or any successor or comparable form, containing the information
    required to be contained therein, or required in such successor
    or comparable form;
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;within 45&#160;days after the end of each of the first
    three fiscal quarters of each fiscal year, reports on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    containing all quarterly information that would be required to
    be contained in
    <FONT style="white-space: nowrap">Form&#160;10-Q,</FONT>
    or any successor or comparable form;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;promptly from time to time after the occurrence of an
    event required to be therein reported, such other reports on
    <FONT style="white-space: nowrap">Form&#160;8-K,</FONT>
    or any successor or comparable form;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;any other information, documents and other reports
    which the Issuer would be required to file with the SEC if it
    were subject to Section&#160;13 or 15(d) of the Exchange Act;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    in each case, in a manner that complies in all material respects
    with the requirements specified in such form; <I>provided
    </I>that the Issuer shall not be so obligated to file such
    reports with the SEC if the SEC does not permit such filing, in
    which event the Issuer will make available such information to
    prospective purchasers of Senior Subordinated Notes, in addition
    to providing such information to the Trustee and the Holders of
    the Senior Subordinated Notes, in each case within 15&#160;days
    after the time the Issuer would be required to file such
    information with the SEC, if it were subject to Sections&#160;13
    or 15(d) of the Exchange Act. In addition, to the extent not
    satisfied by the foregoing, the Issuer will agree that, for so
    long as any Senior Subordinated Notes are outstanding, it will
    furnish to Holders and to securities analysts and prospective
    investors, upon their request, the information required to be
    delivered pursuant to Rule&#160;144A(d)(4) under the Securities
    Act.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the event that any direct or indirect parent company of the
    Issuer becomes a guarantor of the Senior Subordinated Notes, the
    Indenture permits the Issuer to satisfy its obligations in this
    covenant with respect to financial information relating to the
    Issuer by furnishing financial information relating to such
    parent; <I>provided </I>that the same is accompanied by
    consolidating information that explains in reasonable detail the
    differences between the information relating to such parent, on
    the one hand, and the information relating to the Issuer and its
    Restricted Subsidiaries on a standalone basis, on the other hand.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding the foregoing, such requirements shall be deemed
    satisfied prior to the commencement of the exchange offer or the
    effectiveness of the shelf registration statement by the filing
    with the SEC of the exchange offer registration statement or
    shelf registration statement, and any amendments thereto, with
    such financial information that satisfies
    <FONT style="white-space: nowrap">Regulation&#160;S-X</FONT>
    of the Securities Act.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Events of
    Default and Remedies</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture provides that each of the following is an Event of
    Default:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;default in payment when due and payable, upon
    redemption, acceleration or otherwise, of principal of, or
    premium, if any, on the Senior Subordinated Notes (whether or
    not prohibited by the subordination provisions of the Indenture);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;default for 30&#160;days or more in the payment when
    due of interest or Additional Interest on or with respect to the
    Senior Subordinated Notes (whether or not prohibited by the
    subordination provisions of the Indenture);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;failure by the Issuer or any Guarantor for 60&#160;days
    after receipt of written notice given by the Trustee or the
    Holders of not less 30% in principal amount of the Senior
    Subordinated Notes to comply with any of its obligations,
    covenants or agreements (other than a default referred to in
    clauses&#160;(1) and (2)&#160;above) contained in the Indenture
    or the Senior Subordinated Notes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;default under any mortgage, indenture or instrument
    under which there is issued or by which there is secured or
    evidenced any Indebtedness for money borrowed by the Issuer or
    any of its Restricted Subsidiaries or the payment of which is
    guaranteed by the Issuer or any of its Restricted Subsidiaries,
    other than Indebtedness owed to the Issuer or a Restricted
    Subsidiary, whether such Indebtedness or guarantee now exists or
    is created after the issuance of the Senior Subordinated Notes,
    if both:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;such default either results from the failure to pay any
    principal of such Indebtedness at its stated final maturity
    (after giving effect to any applicable grace periods) or relates
    to an obligation other than the obligation to pay principal of
    any such Indebtedness at its stated final maturity and
</DIV>
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    results in the holder or holders of such Indebtedness causing
    such Indebtedness to become due prior to its stated
    maturity;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the principal amount of such Indebtedness, together
    with the principal amount of any other such Indebtedness in
    default for failure to pay principal at stated final maturity
    (after giving effect to any applicable grace periods), or the
    maturity of which has been so accelerated, aggregate
    $100&#160;million or more at any one time outstanding;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;failure by the Issuer or any Significant Subsidiary to
    pay final judgments aggregating in excess of $100&#160;million,
    which final judgments remain unpaid, undischarged and unstayed
    for a period of more than 60&#160;days after such judgment
    becomes final, and in the event such judgment is covered by
    insurance, an enforcement proceeding has been commenced by any
    creditor upon such judgment or decree which is not promptly
    stayed;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;certain events of bankruptcy or insolvency with respect
    to the Issuer or any Significant Subsidiary;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;the Guarantee of any Significant Subsidiary shall for
    any reason cease to be in full force and effect or be declared
    null and void or any responsible officer of any Guarantor that
    is a Significant Subsidiary, as the case may be, denies that it
    has any further liability under its Guarantee or gives notice to
    such effect, other than by reason of the termination of the
    Indenture or the release of any such Guarantee in accordance
    with the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If any Event of Default (other than of a type specified in
    clause&#160;(6) above) occurs and is continuing under the
    Indenture, the Trustee or the Holders of at least 30% in
    principal amount of the then total outstanding Senior
    Subordinated Notes may declare the principal, premium, if any,
    interest and any other monetary obligations on all the then
    outstanding Senior Subordinated Notes to be due and payable
    immediately; <I>provided</I>, <I>however</I>, that so long as
    any Indebtedness permitted to be incurred under the Indenture as
    part of the Senior Credit Facilities shall be outstanding, no
    such acceleration shall be effective until the earlier of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;acceleration of any such Indebtedness under the Senior
    Credit Facilities;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;five Business Days after the giving of written notice
    of such acceleration to the Issuer and the administrative agent
    under the Senior Credit Facilities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the effectiveness of such declaration, such principal and
    interest will be due and payable immediately. Notwithstanding
    the foregoing, in the case of an Event of Default arising under
    clause&#160;(6) of the first paragraph of this section, all
    outstanding Senior Subordinated Notes will become due and
    payable without further action or notice. The Indenture provides
    that the Trustee may withhold from the Holders notice of any
    continuing Default, except a Default relating to the payment of
    principal, premium, if any, or interest, if it determines that
    withholding notice is in their interest. In addition, the
    Trustee shall have no obligation to accelerate the Senior
    Subordinated Notes if in the best judgment of the Trustee
    acceleration is not in the best interest of the Holders of the
    Senior Subordinated Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture provides that the Holders of a majority in
    aggregate principal amount of the then outstanding Senior
    Subordinated Notes by notice to the Trustee may on behalf of the
    Holders of all of the Senior Subordinated Notes waive any
    existing Default and its consequences under the Indenture except
    a continuing Default in the payment of interest on, premium, if
    any, or the principal of any Senior Subordinated Note held by a
    non-consenting Holder. In the event of any Event of Default
    specified in clause&#160;(4) above, such Event of Default and
    all consequences thereof (excluding any resulting payment
    default, other than as a result of acceleration of the Senior
    Subordinated Notes) shall be annulled, waived and rescinded,
    automatically and without any action by the Trustee or the
    Holders, if within 20&#160;days after such Event of Default
    arose:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the Indebtedness or guarantee that is the basis for
    such Event of Default has been discharged;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;holders thereof have rescinded or waived the
    acceleration, notice or action (as the case may be) giving rise
    to such Event of Default;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;the default that is the basis for such Event of Default
    has been cured.
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subject to the provisions of the Indenture relating to the
    duties of the Trustee thereunder, in case an Event of Default
    occurs and is continuing, the Trustee will be under no
    obligation to exercise any of the rights or powers under the
    Indenture at the request or direction of any of the Holders of
    the Senior Subordinated Notes unless the Holders have offered to
    the Trustee reasonable indemnity or security against any loss,
    liability or expense. Except to enforce the right to receive
    payment of principal, premium (if any) or interest when due, no
    Holder of a Senior Subordinated Note may pursue any remedy with
    respect to the Indenture or the Senior Subordinated Notes unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;such Holder has previously given the Trustee notice
    that an Event of Default is continuing;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;Holders of at least 30% in principal amount of the
    total outstanding Senior Subordinated Notes have requested the
    Trustee to pursue the remedy;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;Holders of the Senior Subordinated Notes have offered
    the Trustee reasonable security or indemnity against any loss,
    liability or expense;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;the Trustee has not complied with such request within
    60&#160;days after the receipt thereof and the offer of security
    or indemnity;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;Holders of a majority in principal amount of the total
    outstanding Senior Subordinated Notes have not given the Trustee
    a direction inconsistent with such request within such
    <FONT style="white-space: nowrap">60-day</FONT>
    period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subject to certain restrictions, under the Indenture the Holders
    of a majority in principal amount of the total outstanding
    Senior Subordinated Notes are given the right to direct the
    time, method and place of conducting any proceeding for any
    remedy available to the Trustee or of exercising any trust or
    power conferred on the Trustee. The Trustee, however, may refuse
    to follow any direction that conflicts with law or the Indenture
    or that the Trustee determines is unduly prejudicial to the
    rights of any other Holder of a Senior Subordinated Note or that
    would involve the Trustee in personal liability.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture provides that the Issuer is required to deliver to
    the Trustee annually a statement regarding compliance with the
    Indenture, and the Issuer is required, within five Business
    Days, upon becoming aware of any Default, to deliver to the
    Trustee a statement specifying such Default.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">No
    Personal Liability of Directors, Officers, Employees and
    Stockholders</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No director, officer, employee, incorporator or stockholder of
    the Issuer or any Guarantor or any of their parent companies
    shall have any liability for any obligations of the Issuer or
    the Guarantors under the Senior Subordinated Notes, the
    Guarantees or the Indenture or for any claim based on, in
    respect of, or by reason of such obligations or their creation.
    Each Holder by accepting Senior Subordinated Notes waives and
    releases all such liability. The waiver and release are part of
    the consideration for issuance of the Senior Subordinated Notes.
    Such waiver may not be effective to waive liabilities under the
    federal securities laws and it is the view of the SEC that such
    a waiver is against public policy.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Legal
    Defeasance and Covenant Defeasance</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The obligations of the Issuer and the Guarantors under the
    Indenture will terminate (other than certain obligations) and
    will be released upon payment in full of all of the Senior
    Subordinated Notes. The Issuer may, at its option and at any
    time, elect to have all of its obligations discharged with
    respect to the Senior Subordinated Notes and have the Issuer and
    each Guarantor&#146;s obligation discharged with respect to its
    Guarantee (&#147;<I>Legal Defeasance</I>&#148;) and cure all
    then existing Events of Default except for:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the rights of Holders of Senior Subordinated Notes to
    receive payments in respect of the principal of, premium, if
    any, and interest on the Senior Subordinated Notes when such
    payments are due solely out of the trust created pursuant to the
    Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the Issuer&#146;s obligations with respect to Senior
    Subordinated Notes concerning issuing temporary Senior
    Subordinated Notes, registration of such Senior Subordinated
    Notes, mutilated, destroyed, lost or
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    stolen Senior Subordinated Notes and the maintenance of an
    office or agency for payment and money for security payments
    held in trust;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;the rights, powers, trusts, duties and immunities of
    the Trustee, and the Issuer&#146;s obligations in connection
    therewith;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;the Legal Defeasance provisions of the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, the Issuer may, at its option and at any time,
    elect to have its obligations and those of each Guarantor
    released with respect to certain covenants that are described in
    the Indenture (&#147;<I>Covenant Defeasance</I>&#148;) and
    thereafter any omission to comply with such obligations shall
    not constitute a Default with respect to the Senior Subordinated
    Notes. In the event Covenant Defeasance occurs, certain events
    (not including bankruptcy, receivership, rehabilitation and
    insolvency events pertaining to the Issuer) described under
    &#147;Events of Default and Remedies&#148; will no longer
    constitute an Event of Default with respect to the Senior
    Subordinated Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In order to exercise either Legal Defeasance or Covenant
    Defeasance with respect to the Senior Subordinated Notes:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the Issuer must irrevocably deposit with the Trustee,
    in trust, for the benefit of the Holders of the Senior
    Subordinated Notes, cash in U.S.&#160;dollars, Government
    Securities, or a combination thereof, in such amounts as will be
    sufficient, in the opinion of a nationally recognized firm of
    independent public accountants, to pay the principal of,
    premium, if any, and interest due on the Senior Subordinated
    Notes on the stated maturity date or on the redemption date, as
    the case may be, of such principal, premium, if any, or interest
    on such Senior Subordinated Notes and the Issuer must specify
    whether such Senior Subordinated Notes are being defeased to
    maturity or to a particular redemption date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;in the case of Legal Defeasance, the Issuer shall have
    delivered to the Trustee an Opinion of Counsel reasonably
    acceptable to the Trustee confirming that, subject to customary
    assumptions and exclusions,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the Issuer has received from, or there has been
    published by, the United States Internal Revenue Service a
    ruling,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;since the issuance of the Senior Subordinated Notes,
    there has been a change in the applicable U.S.&#160;federal
    income tax law, in either case to the effect that, and based
    thereon such Opinion of Counsel shall confirm that, subject to
    customary assumptions and exclusions, the Holders of the Senior
    Subordinated Notes will not recognize income, gain or loss for
    U.S.&#160;federal income tax purposes, as applicable, as a
    result of such Legal Defeasance and will be subject to
    U.S.&#160;federal income tax on the same amounts, in the same
    manner and at the same times as would have been the case if such
    Legal Defeasance had not occurred;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;in the case of Covenant Defeasance, the Issuer shall
    have delivered to the Trustee an Opinion of Counsel reasonably
    acceptable to the Trustee confirming that, subject to customary
    assumptions and exclusions, the Holders of the Senior
    Subordinated Notes will not recognize income, gain or loss for
    U.S.&#160;federal income tax purposes as a result of such
    Covenant Defeasance and will be subject to such tax on the same
    amounts, in the same manner and at the same times as would have
    been the case if such Covenant Defeasance had not occurred;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;no Default (other than that resulting from borrowing
    funds to be applied to make such deposit and the granting of
    Liens in connection therewith) shall have occurred and be
    continuing on the date of such deposit;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;such Legal Defeasance or Covenant Defeasance shall not
    result in a breach or violation of, or constitute a default
    under the Senior Credit Facilities, the Senior Notes or the
    indenture pursuant to which the Senior Notes were issued or any
    other material agreement or instrument (other than the
    Indenture) to which, the Issuer or any Guarantor is a party or
    by which the Issuer or any Guarantor is bound;
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;the Issuer shall have delivered to the Trustee an
    Opinion of Counsel to the effect that, as of the date of such
    opinion and subject to customary assumptions and exclusions
    following the deposit, the trust funds will not be subject to
    the effect of Section&#160;547 of Title&#160;11 of the United
    States Code;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;the Issuer shall have delivered to the Trustee an
    Officer&#146;s Certificate stating that the deposit was not made
    by the Issuer with the intent of defeating, hindering, delaying
    or defrauding any creditors of the Issuer or any Guarantor or
    others;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;the Issuer shall have delivered to the Trustee an
    Officer&#146;s Certificate and an Opinion of Counsel (which
    Opinion of Counsel may be subject to customary assumptions and
    exclusions) each stating that all conditions precedent provided
    for or relating to the Legal Defeasance or the Covenant
    Defeasance, as the case may be, have been complied with.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Satisfaction
    and Discharge</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture will be discharged and will cease to be of further
    effect as to all Senior Subordinated Notes, when either:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;all Senior Subordinated Notes theretofore authenticated
    and delivered, except lost, stolen or destroyed Senior
    Subordinated Notes which have been replaced or paid and Senior
    Subordinated Notes for whose payment money has theretofore been
    deposited in trust, have been delivered to the Trustee for
    cancellation;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;(a)&#160;all Senior Subordinated Notes not theretofore
    delivered to the Trustee for cancellation have become due and
    payable by reason of the making of a notice of redemption or
    otherwise, will become due and payable within one year or are to
    be called for redemption within one year under arrangements
    satisfactory to the Trustee for the giving of notice of
    redemption by the Trustee in the name, and at the expense, of
    the Issuer and the Issuer or any Guarantor have irrevocably
    deposited or caused to be deposited with the Trustee as trust
    funds in trust solely for the benefit of the Holders of the
    Senior Subordinated Notes, cash in U.S.&#160;dollars, Government
    Securities, or a combination thereof, in such amounts as will be
    sufficient without consideration of any reinvestment of interest
    to pay and discharge the entire indebtedness on the Senior
    Subordinated Notes not theretofore delivered to the Trustee for
    cancellation for principal, premium, if any, and accrued
    interest to the date of maturity or redemption;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;no Default (other than that resulting from borrowing
    funds to be applied to make such deposit) with respect to the
    Indenture or the Senior Subordinated Notes shall have occurred
    and be continuing on the date of such deposit or shall occur as
    a result of such deposit and such deposit will not result in a
    breach or violation of, or constitute a default under the Senior
    Credit Facilities, the indenture governing the Senior Notes or
    any other material agreement or instrument (other than the
    Indenture) to which the Issuer or any Guarantor is a party or by
    which the Issuer or any Guarantor is bound;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;the Issuer has paid or caused to be paid all sums
    payable by it under the Indenture;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;the Issuer has delivered irrevocable instructions to
    the Trustee to apply the deposited money toward the payment of
    the Senior Subordinated Notes at maturity or the redemption
    date, as the case may be.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, the Issuer must deliver an Officer&#146;s
    Certificate and an Opinion of Counsel to the Trustee stating
    that all conditions precedent to satisfaction and discharge have
    been satisfied.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Amendment,
    Supplement and Waiver</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except as provided in the next two succeeding paragraphs, the
    Indenture, any Guarantee and the Senior Subordinated Notes may
    be amended or supplemented with the consent of the Holders of at
    least a majority in principal amount of the Senior Subordinated
    Notes then outstanding, including consents obtained in
    connection with a purchase of, or tender offer or exchange offer
    for, Senior Subordinated Notes, and any existing Default or
    compliance with any provision of the Indenture or the Senior
    Subordinated Notes issued thereunder may be waived with the
    consent of the Holders of a majority in principal amount of the
    then outstanding Senior Subordinated
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notes, other than Senior Subordinated Notes beneficially owned
    by the Issuer or its Affiliates (including consents obtained in
    connection with a purchase of or tender offer or exchange offer
    for the Senior Subordinated Notes).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture provides that, without the consent of each
    affected Holder of Senior Subordinated Notes, an amendment or
    waiver may not, with respect to any Senior Subordinated Notes
    held by a non-consenting Holder:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;reduce the principal amount of such Senior Subordinated
    Notes whose Holders must consent to an amendment, supplement or
    waiver;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;reduce the principal of or change the fixed final
    maturity of any such Senior Subordinated Note or alter or waive
    the provisions with respect to the redemption of such Senior
    Subordinated Notes (other than provisions relating to the
    covenants described above under the caption &#147;Repurchase at
    the Option of Holders&#148;);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;reduce the rate of or change the time for payment of
    interest on any Senior Subordinated Note;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;waive a Default in the payment of principal of or
    premium, if any, or interest on the Senior Subordinated Notes,
    except a rescission of acceleration of the Senior Subordinated
    Notes by the Holders of at least a majority in aggregate
    principal amount of the Senior Subordinated Notes and a waiver
    of the payment default that resulted from such acceleration, or
    in respect of a covenant or provision contained in the Indenture
    or any Guarantee which cannot be amended or modified without the
    consent of all Holders;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;make any Senior Subordinated Note payable in money
    other than that stated therein;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;make any change in the provisions of the Indenture
    relating to waivers of past Defaults or the rights of Holders to
    receive payments of principal of or premium, if any, or interest
    on the Senior Subordinated Notes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;make any change in these amendment and waiver
    provisions;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;impair the right of any Holder to receive payment of
    principal of, or interest on such Holder&#146;s Senior
    Subordinated Notes on or after the due dates therefor or to
    institute suit for the enforcement of any payment on or with
    respect to such Holder&#146;s Senior Subordinated Notes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;make any change in the subordination provisions thereof
    that would adversely affect the Holders;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;except as expressly permitted by the Indenture, modify
    the Guarantees of any Significant Subsidiary in any manner
    adverse to the Holders of the Senior Subordinated Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding the foregoing, the Issuer, any Guarantor (with
    respect to a Guarantee or the Indenture to which it is a party)
    and the Trustee may amend or supplement the Indenture and any
    Guarantee or Senior Subordinated Notes without the consent of
    any Holder;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;to cure any ambiguity, omission, mistake, defect or
    inconsistency;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;to provide for uncertificated Senior Subordinated Notes
    of such series in addition to or in place of certificated Senior
    Subordinated Notes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;to comply with the covenant relating to mergers,
    consolidations and sales of assets;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;to provide the assumption of the Issuer&#146;s or any
    Guarantor&#146;s obligations to the Holders;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;to make any change that would provide any additional
    rights or benefits to the Holders or that does not adversely
    affect the legal rights under the Indenture of any such Holder;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;to add covenants for the benefit of the Holders or to
    surrender any right or power conferred upon the Issuer or any
    Guarantor;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;to comply with requirements of the SEC in order to
    effect or maintain the qualification of the Indenture under the
    Trust&#160;Indenture Act;
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;to evidence and provide for the acceptance and
    appointment under the Indenture of a successor Trustee
    thereunder pursuant to the requirements thereof;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;to provide for the issuance of exchange notes or
    private exchange notes, which are identical to exchange notes
    except that they are not freely transferable;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;to add a Guarantor under the Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;to conform the text of the Indenture, Guarantees or
    the Senior Subordinated Notes to any provision of this
    &#147;Description of Senior Subordinated Notes&#148; to the
    extent that such provision in this &#147;Description of Senior
    Subordinated Notes&#148; was intended to be a verbatim
    recitation of a provision of the Indenture, Guarantee or Senior
    Subordinated Notes;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (12)&#160;making any amendment to the provisions of the
    Indenture relating to the transfer and legending of Senior
    Subordinated Notes as permitted by the Indenture, including,
    without limitation to facilitate the issuance and administration
    of the Senior Subordinated Notes; <I>provided</I>,
    <I>however</I>, that (i)&#160;compliance with the Indenture as
    so amended would not result in Senior Subordinated Notes being
    transferred in violation of the Securities Act or any applicable
    securities law and (ii)&#160;such amendment does not materially
    and adversely affect the rights of Holders to transfer Senior
    Subordinated Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The consent of the Holders is not necessary under the Indenture
    to approve the particular form of any proposed amendment. It is
    sufficient if such consent approves the substance of the
    proposed amendment.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notices</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notices given by publication will be deemed given on the first
    date on which publication is made and notices given by first-
    class mail, postage prepaid, will be deemed given five calendar
    days after mailing.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Concerning
    the Trustee</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture contains certain limitations on the rights of the
    Trustee thereunder, should it become a creditor of the Issuer,
    to obtain payment of claims in certain cases, or to realize on
    certain property received in respect of any such claim as
    security or otherwise. The Trustee is permitted to engage in
    other transactions; however, if it acquires any conflicting
    interest it must eliminate such conflict within 90&#160;days,
    apply to the SEC for permission to continue or resign.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture provides that the Holders of a majority in
    principal amount of the outstanding Senior Subordinated Notes
    have the right to direct the time, method and place of
    conducting any proceeding for exercising any remedy available to
    the Trustee, subject to certain exceptions. The Indenture
    provides that in case an Event of Default shall occur (which
    shall not be cured), the Trustee will be required, in the
    exercise of its power, to use the degree of care of a prudent
    person in the conduct of his own affairs. Subject to such
    provisions, the Trustee is under no obligation to exercise any
    of its rights or powers under the Indenture at the request of
    any Holder of the Senior Subordinated Notes, unless such Holder
    shall have offered to the Trustee security and indemnity
    satisfactory to it against any loss, liability or expense.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Governing
    Law</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture, the Senior Subordinated Notes and any Guarantee
    are governed by and construed in accordance with the laws of the
    State of New York.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Certain
    Definitions</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Set forth below are certain defined terms used in the Indenture.
    For purposes of the Indenture, unless otherwise specifically
    indicated, the term &#147;consolidated&#148; with respect to any
    Person refers to such Person consolidated with its Restricted
    Subsidiaries, and excludes from such consolidation any
    Unrestricted Subsidiary as if such Unrestricted Subsidiary were
    not an Affiliate of such Person.
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Acquired Indebtedness</I>&#148; means, with respect to
    any specified Person,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;Indebtedness of any other Person existing at the time
    such other Person is merged with or into or became a Restricted
    Subsidiary of such specified Person, including Indebtedness
    incurred in connection with, or in contemplation of, such other
    Person merging with or into or becoming a Restricted Subsidiary
    of such specified Person,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;Indebtedness secured by a Lien encumbering any asset
    acquired by such specified Person.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Acquisition</I>&#148; means the transactions
    contemplated by the Transaction Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Additional Interest</I>&#148; means all additional
    interest then owing pursuant to the Registration Rights
    Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Affiliate</I>&#148; of any specified Person means any
    other Person directly or indirectly controlling or controlled by
    or under direct or indirect common control with such specified
    Person. For purposes of this definition, &#147;control&#148;
    (including, with correlative meanings, the terms
    &#147;controlling,&#148; &#147;controlled by&#148; and
    &#147;under common control with&#148;), as used with respect to
    any Person, shall mean the possession, directly or indirectly,
    of the power to direct or cause the direction of the management
    or policies of such Person, whether through the ownership of
    voting securities, by agreement or otherwise.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Applicable Premium</I>&#148; means, with respect to any
    Senior Subordinated Note on any Redemption&#160;Date, the
    greater of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;1.0% of the principal amount of such Senior
    Subordinated Note;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the excess, if any, of (a)&#160;the present value at
    such Redemption&#160;Date of (i)&#160;the redemption price of
    such Senior Note at August&#160;15, 2009 (such redemption price
    being set forth in the table appearing above under the caption
    &#147;Optional Redemption&#148;), plus (ii)&#160;all required
    interest payments due on such Senior Note through
    August&#160;15, 2009 (excluding accrued but unpaid interest to
    the Redemption&#160;Date), computed using a discount rate equal
    to the Treasury Rate as of such Redemption&#160;Date plus
    50&#160;basis points; over (b)&#160;the principal amount of such
    Senior Note.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Asset Sale&#148; </I>means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the sale, conveyance, transfer or other disposition,
    whether in a single transaction or a series of related
    transactions, of property or assets (including by way of a Sale
    and Lease-Back Transaction) of the Issuer or any of its
    Restricted Subsidiaries (each referred to in this definition as
    a &#147;disposition&#148;);&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the issuance or sale of Equity Interests of any
    Restricted Subsidiary, whether in a single transaction or a
    series of related transactions;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    in each case, other than:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;any disposition of Cash Equivalents or Investment Grade
    Securities or obsolete or worn out equipment in the ordinary
    course of business or any disposition of inventory or goods (or
    other assets) held for sale in the ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the disposition of all or substantially all of the
    assets of the Issuer in a manner permitted pursuant to the
    provisions described above under &#147;Certain
    Covenants&#160;&#151; Merger, Consolidation or Sale of All or
    Substantially All Assets&#148; or any disposition that
    constitutes a Change of Control pursuant to the Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;the making of any Restricted Payment or Permitted
    Investment that is permitted to be made, and is made, under the
    covenant described above under &#147;Certain
    Covenants&#160;&#151; Limitation on Restricted Payments&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;any disposition of assets or issuance or sale of Equity
    Interests of any Restricted Subsidiary in any transaction or
    series of transactions with an aggregate fair market value of
    less than $50&#160;million;
</DIV>
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;any disposition of property or assets or issuance of
    securities by a Restricted Subsidiary of the Issuer to the
    Issuer or by the Issuer or a Restricted Subsidiary of the Issuer
    to another Restricted Subsidiary of the Issuer;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;to the extent allowable under Section&#160;1031 of the
    Internal Revenue Code of 1986, any exchange of like property
    (excluding any boot thereon) for use in a Similar Business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;the lease, assignment or
    <FONT style="white-space: nowrap">sub-lease</FONT> of
    any real or personal property in the ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;any issuance or sale of Equity Interests in, or
    Indebtedness or other securities of, an Unrestricted Subsidiary;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;foreclosures on assets;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (j)&#160;sales of accounts receivable, or participations
    therein, in connection with any Receivables Facility;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (k)&#160;any financing transaction with respect to property
    built or acquired by the Issuer or any Restricted Subsidiary
    after the Issue Date, including Sale and Lease-Back Transactions
    and asset securitizations permitted by the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Business Day</I>&#148; means each day which is not a
    Legal Holiday.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Capital Stock&#148; </I>means:
</DIV>

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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;in the case of a corporation, corporate stock;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;in the case of an association or business entity, any
    and all shares, interests, participations, rights or other
    equivalents (however designated) of corporate stock;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;in the case of a partnership or limited liability
    company, partnership or membership interests (whether general or
    limited);&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;any other interest or participation that confers on a
    Person the right to receive a share of the profits and losses
    of, or distributions of assets of, the issuing Person.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Capitalized Lease Obligation</I>&#148; means, at the
    time any determination thereof is to be made, the amount of the
    liability in respect of a capital lease that would at such time
    be required to be capitalized and reflected as a liability on a
    balance sheet (excluding the footnotes thereto) in accordance
    with GAAP.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Capitalized Software Expenditures</I>&#148; shall mean,
    for any period, the aggregate of all expenditures (whether paid
    in cash or accrued as liabilities) by a Person and its
    Restricted Subsidiaries during such period in respect of
    purchased software or internally developed software and software
    enhancements that, in conformity with GAAP, are or are required
    to be reflected as capitalized costs on the consolidated balance
    sheet of a Person and its Restricted Subsidiaries.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Cash Equivalents&#148; </I>means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;United States dollars;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;(a)&#160;euro, or any national currency of any
    participating member state of the EMU;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;in the case of any Foreign Subsidiary that is a
    Restricted Subsidiary, such local currencies held by them from
    time to time in the ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;securities issued or directly and fully and
    unconditionally guaranteed or insured by the
    U.S.&#160;government or any agency or instrumentality thereof
    the securities of which are unconditionally guaranteed as a full
    faith and credit obligation of such government with maturities
    of 24&#160;months or less from the date of acquisition;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;certificates of deposit, time deposits and eurodollar
    time deposits with maturities of one year or less from the date
    of acquisition, bankers&#146; acceptances with maturities not
    exceeding one year and
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    overnight bank deposits, in each case with any commercial bank
    having capital and surplus of not less than $500&#160;million in
    the case of U.S.&#160;banks and $100&#160;million (or the
    U.S.&#160;dollar equivalent as of the date of determination) in
    the case of
    <FONT style="white-space: nowrap">non-U.S.&#160;banks;</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;repurchase obligations for underlying securities of the
    types described in clauses&#160;(3) and (4)&#160;entered into
    with any financial institution meeting the qualifications
    specified in clause&#160;(4) above;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;commercial paper rated at least
    <FONT style="white-space: nowrap">P-1</FONT> by
    Moody&#146;s or at least
    <FONT style="white-space: nowrap">A-1</FONT> by
    S&#038;P and in each case maturing within 24&#160;months after
    the date of creation thereof;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;marketable short-term money market and similar
    securities having a rating of at least
    <FONT style="white-space: nowrap">P-2</FONT> or
    <FONT style="white-space: nowrap">A-2</FONT> from
    either Moody&#146;s or S&#038;P, respectively (or, if at any
    time neither Moody&#146;s nor S&#038;P shall be rating such
    obligations, an equivalent rating from another Rating Agency)
    and in each case maturing within 24&#160;months after the date
    of creation thereof;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;investment funds investing 95% of their assets in
    securities of the types described in clauses&#160;(1) through
    (7)&#160;above;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;readily marketable direct obligations issued by any
    state, commonwealth or territory of the United States or any
    political subdivision or taxing authority thereof having an
    Investment Grade Rating from either Moody&#146;s or S&#038;P
    with maturities of 24&#160;months or less from the date of
    acquisition;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;Indebtedness or Preferred Stock issued by Persons with
    a rating of &#147;A&#148; or higher from S&#038;P or
    &#147;A2&#148; or higher from Moody&#146;s with maturities of
    24&#160;months or less from the date of acquisition and;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;Investments with average maturities of 12&#160;months
    or less from the date of acquisition in money market funds rated
    AAA- (or the equivalent thereof) or better by S&#038;P or Aaa3
    (or the equivalent thereof) or better by Moody&#146;s.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding the foregoing, Cash Equivalents shall include
    amounts denominated in currencies other than those set forth in
    clauses&#160;(1) and (2)&#160;above, <I>provided </I>that such
    amounts are converted into any currency listed in
    clauses&#160;(1) and (2)&#160;as promptly as practicable and in
    any event within ten Business Days following the receipt of such
    amounts.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Change of Control</I>&#148; means the occurrence of any
    of the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the sale, lease or transfer, in one or a series of
    related transactions, of all or substantially all of the assets
    of the Issuer and its Subsidiaries, taken as a whole, to any
    Person other than a Permitted Holder;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the Issuer becomes aware of (by way of a report or any
    other filing pursuant to Section&#160;13(d) of the Exchange Act,
    proxy, vote, written notice or otherwise) the acquisition by any
    Person or group (within the meaning of Section&#160;13(d)(3) or
    Section 14(d)(2) of the Exchange Act, or any successor
    provision), including any group acting for the purpose of
    acquiring, holding or disposing of securities (within the
    meaning of Rule
    <FONT style="white-space: nowrap">13d-5(b)(1)</FONT>
    under the Exchange Act), other than the Permitted Holders, in a
    single transaction or in a related series of transactions, by
    way of merger, consolidation or other business combination or
    purchase of beneficial ownership (within the meaning of Rule
    <FONT style="white-space: nowrap">13d-3</FONT> under
    the Exchange Act, or any successor provision) of 50% or more of
    the total voting power of the Voting Stock of the Issuer or any
    of its direct or indirect parent companies holding directly or
    indirectly 100% of the total voting power of the Voting Stock of
    the Issuer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Consolidated Depreciation and Amortization
    Expense</I>&#148; means with respect to any Person for any
    period, the total amount of depreciation and amortization
    expense, including the amortization of deferred financing fees
    and Capitalized Software Expenditures of such Person and its
    Restricted Subsidiaries for such period on a consolidated basis
    and otherwise determined in accordance with GAAP.
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Consolidated Interest Expense</I>&#148; means, with
    respect to any Person for any period, without duplication, the
    sum of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;consolidated interest expense of such Person and its
    Restricted Subsidiaries for such period, to the extent such
    expense was deducted (and not added back) in computing
    Consolidated Net Income (including (a)&#160;amortization of
    original issue discount resulting from the issuance of
    Indebtedness at less than par, (b)&#160;all commissions,
    discounts and other fees and charges owed with respect to
    letters of credit or bankers acceptances, (c)&#160;non-cash
    interest payments (but excluding any non-cash interest expense
    attributable to the movement in the mark to market valuation of
    Hedging Obligations or other derivative instruments pursuant to
    GAAP), (d)&#160;the interest component of Capitalized Lease
    Obligations, and (e)&#160;net payments, if any, pursuant to
    interest rate Hedging Obligations with respect to Indebtedness,
    and excluding (v)&#160;any expense resulting from the
    discounting of the Senior Secured Notes in connection with the
    application of purchase accounting in connection with the
    Transaction, (w)&#160;any Additional Interest and any
    &#147;additional interest&#148; with respect to the Senior
    Notes, (x)&#160;amortization of deferred financing fees, debt
    issuance costs, commissions, fees and expenses, (y)&#160;any
    expensing of bridge, commitment and other financing fees and
    (z)&#160;commissions, discounts, yield and other fees and
    charges (including any interest expense) related to any
    Receivables Facility); plus
</DIV>

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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;consolidated capitalized interest of such Person and
    its Restricted Subsidiaries for such period, whether paid or
    accrued; less
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;interest income for such period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of this definition, interest on a Capitalized Lease
    Obligation shall be deemed to accrue at an interest rate
    reasonably determined by such Person to be the rate of interest
    implicit in such Capitalized Lease Obligation in accordance with
    GAAP.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Consolidated Net Income</I>&#148; means, with respect
    to any Person for any period, the aggregate of the Net Income,
    of such Person and its Restricted Subsidiaries for such period,
    on a consolidated basis, and otherwise determined in accordance
    with GAAP; <I>provided</I>, <I>however</I>, that, without
    duplication,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any after-tax effect of extraordinary, non-recurring or
    unusual gains or losses (less all fees and expenses relating
    thereto) or expenses (including relating to the Transaction to
    the extent incurred on or prior to June&#160;30, 2006),
    severance, relocation costs and curtailments or modifications to
    pension and post-retirement employee benefit plans shall be
    excluded,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the Net Income for such period shall not include the
    cumulative effect of a change in accounting principles during
    such period,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;any after-tax effect of income (loss) from disposed or
    discontinued operations and any net after-tax gains or losses on
    disposal of disposed, abandoned or discontinued operations shall
    be excluded,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;any after-tax effect of gains or losses (less all fees
    and expenses relating thereto) attributable to asset
    dispositions other than in the ordinary course of business, as
    determined in good faith by the Issuer, shall be excluded,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;the Net Income for such period of any Person that is
    not a Subsidiary, or is an Unrestricted Subsidiary, or that is
    accounted for by the equity method of accounting, shall be
    excluded; <I>provided </I>that Consolidated Net Income of the
    Issuer shall be increased by the amount of dividends or
    distributions or other payments that are actually paid in cash
    (or to the extent converted into cash) to the referent Person or
    a Restricted Subsidiary thereof in respect of such period,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;solely for the purpose of determining the amount
    available for Restricted Payments under clause&#160;(3)(a) of
    the first paragraph of &#147;Certain Covenants&#160;&#151;
    Limitation on Restricted Payments,&#148; the Net Income for such
    period of any Restricted Subsidiary (other than any Guarantor)
    shall be excluded if the declaration or payment of dividends or
    similar distributions by that Restricted Subsidiary of its Net
    Income is not at the date of determination wholly permitted
    without any prior governmental approval (which has not been
    obtained) or, directly or indirectly, by the operation of the
    terms of its charter or any
</DIV>
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    agreement, instrument, judgment, decree, order, statute, rule,
    or governmental regulation applicable to that Restricted
    Subsidiary or its stockholders, unless such restriction with
    respect to the payment of dividends or similar distributions has
    been legally waived, <I>provided</I> that Consolidated Net
    Income of the Issuer will be increased by the amount of
    dividends or other distributions or other payments actually paid
    in cash (or to the extent converted into cash) to the Issuer or
    a Restricted Subsidiary thereof in respect of such period, to
    the extent not already included therein,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;effects of adjustments (including the effects of such
    adjustments pushed down to the Issuer and its Restricted
    Subsidiaries) in the property and equipment, software and other
    intangible assets, deferred revenue and debt line items in such
    Person&#146;s consolidated financial statements pursuant to GAAP
    resulting from the application of purchase accounting in
    relation to the Transaction or any consummated acquisition or
    the amortization or write-off of any amounts thereof, net of
    taxes, shall be excluded,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;any after-tax effect of income (loss) from the early
    extinguishment of Indebtedness or Hedging Obligations or other
    derivative instruments shall be excluded,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;any impairment charge or asset write-off, in each case,
    pursuant to GAAP and the amortization of intangibles arising
    pursuant to GAAP shall be excluded,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;any non-cash compensation expense recorded from grants
    of stock appreciation or similar rights, stock options,
    restricted stock or other rights shall be excluded,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;any fees and expenses incurred during such period, or
    any amortization thereof for such period, in connection with any
    acquisition, Investment, Asset Sale, issuance or repayment of
    Indebtedness, issuance of Equity Interests, refinancing
    transaction or amendment or modification of any debt instrument
    (in each case, including any such transaction consummated prior
    to the Issue Date and any such transaction undertaken but not
    completed) and any charges or non-recurring merger costs
    incurred during such period as a result of any such transaction
    shall be excluded,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (12)&#160;accruals and reserves that are established within
    twelve months after the Issue Date that are so required to be
    established as a result of the Transaction in accordance with
    GAAP shall be excluded.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding the foregoing, for the purpose of the covenant
    described under &#147;Certain Covenants&#160;&#151; Limitation
    on Restricted Payments&#148; only (other than clause (3)(d)
    thereof), there shall be excluded from Consolidated Net Income
    any income arising from any sale or other disposition of
    Restricted Investments made by the Issuer and its Restricted
    Subsidiaries, any repurchases and redemptions of Restricted
    Investments from the Issuer and its Restricted Subsidiaries, any
    repayments of loans and advances which constitute Restricted
    Investments by the Issuer or any of its Restricted Subsidiaries,
    any sale of the stock of an Unrestricted Subsidiary or any
    distribution or dividend from an Unrestricted Subsidiary, in
    each case only to the extent such amounts increase the amount of
    Restricted Payments permitted under such covenant pursuant to
    clause (3)(d) thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Contingent Obligations</I>&#148; means, with respect to
    any Person, any obligation of such Person guaranteeing any
    leases, dividends or other obligations that do not constitute
    Indebtedness (&#147;<I>primary obligations</I>&#148;) of any
    other Person (the &#147;<I>primary obligor</I>&#148;) in any
    manner, whether directly or indirectly, including, without
    limitation, any obligation of such Person, whether or not
    contingent,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;to purchase any such primary obligation or any property
    constituting direct or indirect security therefor,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;to advance or supply funds
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;for the purchase or payment of any such primary
    obligation,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;to maintain working capital or equity capital of the
    primary obligor or otherwise to maintain the net worth or
    solvency of the primary obligor,&#160;or
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;to purchase property, securities or services primarily
    for the purpose of assuring the owner of any such primary
    obligation of the ability of the primary obligor to make payment
    of such primary obligation against loss in respect thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Credit Facilities</I>&#148; means, with respect to the
    Issuer or any of its Restricted Subsidiaries, one or more debt
    facilities, including the Senior Credit Facilities, or other
    financing arrangements (including, without limitation,
    commercial paper facilities or indentures) providing for
    revolving credit loans, term loans, letters of credit or other
    long-term indebtedness, including any notes, mortgages,
    guarantees, collateral documents, instruments and agreements
    executed in connection therewith, and any amendments,
    supplements, modifications, extensions, renewals, restatements
    or refundings thereof and any indentures or credit facilities or
    commercial paper facilities that replace, refund or refinance
    any part of the loans, notes, other credit facilities or
    commitments thereunder, including any such replacement,
    refunding or refinancing facility or indenture that increases
    the amount permitted to be borrowed thereunder or alters the
    maturity thereof (<I>provided </I>that such increase in
    borrowings is permitted under &#147;Certain
    Covenants&#160;&#151; Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock&#148;) or
    adds Restricted Subsidiaries as additional borrowers or
    guarantors thereunder and whether by the same or any other
    agent, lender or group of lenders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Default</I>&#148; means any event that is, or with the
    passage of time or the giving of notice or both would be, an
    Event of Default.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Designated Non-cash Consideration</I>&#148; means the
    fair market value of non-cash consideration received by the
    Issuer or a Restricted Subsidiary in connection with an Asset
    Sale that is so designated as Designated Non-cash Consideration
    pursuant to an Officer&#146;s Certificate, setting forth the
    basis of such valuation, executed by the principal financial
    officer of the Issuer, less the amount of cash or Cash
    Equivalents received in connection with a subsequent sale of or
    collection on such Designated Non-cash Consideration.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Designated Preferred Stock</I>&#148; means Preferred
    Stock of the Issuer or any parent corporation thereof (in each
    case other than Disqualified Stock) that is issued for cash
    (other than to a Restricted Subsidiary or an employee stock
    ownership plan or trust established by the Issuer or any of its
    Subsidiaries) and is so designated as Designated Preferred
    Stock, pursuant to an Officer&#146;s Certificate executed by the
    principal financial officer of the Issuer or the applicable
    parent corporation thereof, as the case may be, on the issuance
    date thereof, the cash proceeds of which are excluded from the
    calculation set forth in clause&#160;(3) of the first paragraph
    of the &#147;Certain Covenants&#160;&#151; Limitation on
    Restricted Payments&#148; covenant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Designated Senior Indebtedness&#148; </I>means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any Indebtedness outstanding under the Senior Credit
    Facilities;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;any other Senior Indebtedness permitted under the
    Indenture, the principal amount of which is $50&#160;million or
    more and that has been designated by the Issuer as
    &#147;Designated Senior Indebtedness.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Disqualified Stock</I>&#148; means, with respect to any
    Person, any Capital Stock of such Person which, by its terms, or
    by the terms of any security into which it is convertible or for
    which it is putable or exchangeable, or upon the happening of
    any event, matures or is mandatorily redeemable (other than
    solely as a result of a change of control or asset sale)
    pursuant to a sinking fund obligation or otherwise, or is
    redeemable at the option of the holder thereof (other than
    solely as a result of a change of control or asset sale), in
    whole or in part, in each case prior to the date 91&#160;days
    after the earlier of the maturity date of the Senior
    Subordinated Notes or the date the Senior Subordinated Notes are
    no longer outstanding; <I>provided</I>, <I>however</I>, that if
    such Capital Stock is issued to any plan for the benefit of
    employees of the Issuer or its Subsidiaries or by any such plan
    to such employees, such Capital Stock shall not constitute
    Disqualified Stock solely because it may be required to be
    repurchased by the Issuer or its Subsidiaries in order to
    satisfy applicable statutory or regulatory obligations.
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>EBITDA</I>&#148; means, with respect to any Person for
    any period, the Consolidated Net Income of such Person for such
    period
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;increased (without duplication) by:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;provision for taxes based on income or profits or
    capital, including, without limitation, state, franchise and
    similar taxes (such as the Pennsylvania capital tax) and foreign
    withholding taxes of such Person paid or accrued during such
    period deducted (and not added back) in computing Consolidated
    Net Income; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Fixed Charges of such Person for such period (including
    (x)&#160;net losses or Hedging Obligations or other derivative
    instruments entered into for the purpose of hedging interest
    rate risk and (y)&#160;costs of surety bonds in connection with
    financing activities, in each case, to the extent included in
    Fixed Charges) to the extent the same was deducted (and not
    added back) in calculating such Consolidated Net Income;
    <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;Consolidated Depreciation and Amortization Expense of
    such Person for such period to the extent the same were deducted
    (and not added back) in computing Consolidated Net Income;
    <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;any expenses or charges (other than depreciation or
    amortization expense) related to any Equity Offering, Permitted
    Investment, acquisition, disposition, recapitalization or the
    incurrence of Indebtedness permitted to be incurred by the
    Indenture (including a refinancing thereof) (whether or not
    successful), including (i)&#160;such fees, expenses or charges
    related to the offering of the Senior Subordinated Notes and the
    Credit Facilities and (ii)&#160;any amendment or other
    modification of the Senior Subordinated Notes, and, in each
    case, deducted (and not added back) in computing Consolidated
    Net Income; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;the amount of any restructuring charge or reserve
    deducted (and not added back) in such period in computing
    Consolidated Net Income, including any one-time costs incurred
    in connection with acquisitions after the Issue Date and costs
    related to the closure
    <FONT style="white-space: nowrap">and/or</FONT>
    consolidation of facilities; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;any other non-cash charges, including any write offs or
    write downs, reducing Consolidated Net Income for such period
    (<I>provided </I>that if any such non-cash charges represent an
    accrual or reserve for potential cash items in any future
    period, the cash payment in respect thereof in such future
    period shall be subtracted from EBITDA to such extent, and
    excluding amortization of a prepaid cash item that was paid in a
    prior period); <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;the amount of any minority interest expense consisting
    of Subsidiary income attributable to minority equity interests
    of third parties in any non-Wholly Owned Subsidiary deducted
    (and not added back) in such period in calculating Consolidated
    Net Income; <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;the amount of management, monitoring, consulting and
    advisory fees and related expenses paid in such period to the
    Investors to the extent otherwise permitted under &#147;Certain
    Covenants&#160;&#151; Transactions with Affiliates&#148;;
    <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;the amount of net cost savings projected by the Issuer
    in good faith to be realized as a result of specified actions
    taken during such period (calculated on a <I>pro forma </I>basis
    as though such cost savings had been realized on the first day
    of such period), net of the amount of actual benefits realized
    during such period from such actions; <I>provided </I>that
    (x)&#160;such cost savings are reasonably identifiable and
    factually supportable, (y)&#160;such actions are taken within
    36&#160;months after the Issue Date and (z)&#160;the aggregate
    amount of cost savings added pursuant to this clause&#160;(i)
    shall not exceed $100&#160;million for any four consecutive
    quarter period (which adjustments may be incremental to <I>pro
    forma </I>adjustments made pursuant to the second paragraph of
    the definition of &#147;Fixed Charge Coverage Ratio&#148;);
    <I>plus</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (j)&#160;the amount of loss on sale of receivables and related
    assets to the Receivables Subsidiary in connection with a
    Receivables Facility; <I>plus</I>
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (k)&#160;any costs or expense incurred by the Issuer or a
    Restricted Subsidiary pursuant to any management equity plan or
    stock option plan or any other management or employee benefit
    plan or agreement or any stock subscription or shareholder
    agreement, to the extent that such cost or expenses are funded
    with cash proceeds contributed to the capital of the Issuer or
    net cash proceeds of an issuance of Equity Interest of the
    Issuer (other than Disqualified Stock) solely to the extent that
    such net cash proceeds are excluded from the calculation set
    forth in clause&#160;(3) of the first paragraph under
    &#147;Certain Covenants&#160;&#151; Limitation on Restricted
    Payments&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;decreased by (without duplication) non-cash gains
    increasing Consolidated Net Income of such Person for such
    period, excluding any non-cash gains to the extent they
    represent the reversal of an accrual or reserve for a potential
    cash item that reduced EBITDA in any prior period,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;increased or decreased by (without duplication):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;any net gain or loss resulting in such period from
    Hedging Obligations and the application of Statement of
    Financial Accounting Standards No.&#160;133; <I>plus </I>or
    <I>minus</I>, as applicable,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;any net gain or loss resulting in such period from
    currency translation gains or losses related to currency
    remeasurements of Indebtedness (including any net loss or gain
    resulting from hedge agreements for currency exchange risk).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>EMU</I>&#148; means economic and monetary union as
    contemplated in the Treaty on European Union.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Equity Interests</I>&#148; means Capital Stock and all
    warrants, options or other rights to acquire Capital Stock, but
    excluding any debt security that is convertible into, or
    exchangeable for, Capital Stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Equity Offering</I>&#148; means any public or private
    sale of common stock or Preferred Stock of the Issuer or any of
    its direct or indirect parent companies (excluding Disqualified
    Stock), other than:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;public offerings with respect to the Issuer&#146;s or
    any direct or indirect parent company&#146;s common stock
    registered on
    <FONT style="white-space: nowrap">Form&#160;S-8;</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;issuances to any Subsidiary of the Issuer;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;any such public or private sale that constitutes an
    Excluded Contribution.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>euro</I>&#148; means the single currency of
    participating member states of the EMU.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Exchange Act</I>&#148; means the Securities Exchange
    Act of 1934, as amended, and the rules and regulations of the
    SEC promulgated thereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Excluded Contribution</I>&#148; means net cash
    proceeds, marketable securities or Qualified Proceeds received
    by the Issuer from
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;contributions to its common equity capital,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the sale (other than to a Subsidiary of the Issuer or
    to any management equity plan or stock option plan or any other
    management or employee benefit plan or agreement of the Issuer)
    of Capital Stock (other than Disqualified Stock and Designated
    Preferred Stock) of the Issuer,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    in each case designated as Excluded Contributions pursuant to an
    officer&#146;s certificate executed by the principal financial
    officer of the Issuer on the date such capital contributions are
    made or the date such Equity Interests are sold, as the case may
    be, which are excluded from the calculation set forth in
    clause&#160;(3) of the first paragraph under &#147;Certain
    Covenants&#160;&#151; Limitation on Restricted Payments.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Fixed Charge Coverage Ratio</I>&#148; means, with
    respect to any Person for any period, the ratio of EBITDA of
    such Person for such period to the Fixed Charges of such Person
    for such period. In the event that the Issuer or any Restricted
    Subsidiary incurs, assumes, guarantees, redeems, retires or
    extinguishes any Indebtedness (other than Indebtedness incurred
    under any revolving credit facility unless such Indebtedness has
    been permanently repaid and has not been replaced) or issues or
    redeems Disqualified Stock or Preferred Stock subsequent to the
    commencement of the period for which the Fixed Charge Coverage
    Ratio is being calculated
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    but prior to or simultaneously with the event for which the
    calculation of the Fixed Charge Coverage Ratio is made (the
    &#147;<I>Fixed Charge Coverage Ratio Calculation
    Date</I>&#148;), then the Fixed Charge Coverage Ratio shall be
    calculated giving <I>pro forma </I>effect to such incurrence,
    assumption, guarantee, redemption, retirement or extinguishment
    of Indebtedness, or such issuance or redemption of Disqualified
    Stock or Preferred Stock, as if the same had occurred at the
    beginning of the applicable four-quarter period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of making the computation referred to above,
    Investments, acquisitions, dispositions, mergers, consolidations
    and disposed operations (as determined in accordance with GAAP)
    that have been made by the Issuer or any of its Restricted
    Subsidiaries during the four-quarter reference period or
    subsequent to such reference period and on or prior to or
    simultaneously with the Fixed Charge Coverage Ratio Calculation
    Date shall be calculated on a <I>pro forma </I>basis assuming
    that all such Investments, acquisitions, dispositions, mergers,
    consolidations and disposed operations (and the change in any
    associated fixed charge obligations and the change in EBITDA
    resulting therefrom) had occurred on the first day of the
    four-quarter reference period. If since the beginning of such
    period any Person that subsequently became a Restricted
    Subsidiary or was merged with or into the Issuer or any of its
    Restricted Subsidiaries since the beginning of such period shall
    have made any Investment, acquisition, disposition, merger,
    consolidation or disposed operation that would have required
    adjustment pursuant to this definition, then the Fixed Charge
    Coverage Ratio shall be calculated giving <I>pro forma
    </I>effect thereto for such period as if such Investment,
    acquisition, disposition, merger, consolidation or disposed
    operation had occurred at the beginning of the applicable
    four-quarter period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of this definition, whenever <I>pro forma
    </I>effect is to be given to a transaction, the <I>pro forma
    </I>calculations shall be made in good faith by a responsible
    financial or accounting officer of the Issuer. If any
    Indebtedness bears a floating rate of interest and is being
    given <I>pro forma </I>effect, the interest on such Indebtedness
    shall be calculated as if the rate in effect on the Fixed Charge
    Coverage Ratio Calculation Date had been the applicable rate for
    the entire period (taking into account any Hedging Obligations
    applicable to such Indebtedness). Interest on a Capitalized
    Lease Obligation shall be deemed to accrue at an interest rate
    reasonably determined by a responsible financial or accounting
    officer of the Issuer to be the rate of interest implicit in
    such Capitalized Lease Obligation in accordance with GAAP. For
    purposes of making the computation referred to above, interest
    on any Indebtedness under a revolving credit facility computed
    on a <I>pro forma </I>basis shall be computed based upon the
    average daily balance of such Indebtedness during the applicable
    period except as set forth in the first paragraph of this
    definition. Interest on Indebtedness that may optionally be
    determined at an interest rate based upon a factor of a prime or
    similar rate, a eurocurrency interbank offered rate, or other
    rate, shall be deemed to have been based upon the rate actually
    chosen, or, if none, then based upon such optional rate chosen
    as the Issuer may designate.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Fixed Charges</I>&#148; means, with respect to any
    Person for any period, the sum of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;Consolidated Interest Expense of such Person for such
    period;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;all cash dividends or other distributions paid
    (excluding items eliminated in consolidation) on any series of
    Preferred Stock during such period;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;all cash dividends or other distributions paid
    (excluding items eliminated in consolidation) on any series of
    Disqualified Stock during such period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Foreign Subsidiary</I>&#148; means, with respect to any
    Person, any Restricted Subsidiary of such Person that is not
    organized or existing under the laws of the United States, any
    state thereof, the District of Columbia, or any territory
    thereof and any Restricted Subsidiary of such Foreign Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>GAAP</I>&#148; means generally accepted accounting
    principles in the United States which are in effect on the Issue
    Date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Government Securities</I>&#148; means securities that
    are:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;direct obligations of the United States of America for
    the timely payment of which its full faith and credit is
    pledged;&#160;or
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;obligations of a Person controlled or supervised by and
    acting as an agency or instrumentality of the United States of
    America the timely payment of which is unconditionally
    guaranteed as a full faith and credit obligation by the United
    States of America, which, in either case, are not callable or
    redeemable at the option of the issuers thereof, and shall also
    include a depository receipt issued by a bank (as defined in
    Section&#160;3(a)(2) of the Securities Act), as custodian with
    respect to any such Government Securities or a specific payment
    of principal of or interest on any such Government Securities
    held by such custodian for the account of the holder of such
    depository receipt; <I>provided </I>that (except as required by
    law) such custodian is not authorized to make any deduction from
    the amount payable to the holder of such depository receipt from
    any amount received by the custodian in respect of the
    Government Securities or the specific payment of principal of or
    interest on the Government Securities evidenced by such
    depository receipt.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>guarantee</I>&#148; means a guarantee (other than by
    endorsement of negotiable instruments for collection in the
    ordinary course of business), direct or indirect, in any manner
    (including letters of credit and reimbursement agreements in
    respect thereof), of all or any part of any Indebtedness or
    other obligations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Guarantee</I>&#148; means the guarantee by any
    Guarantor of the Issuer&#146;s Obligations under the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Guarantor</I>&#148; means, each Restricted Subsidiary
    that Guarantees the Senior Subordinated Notes in accordance with
    the terms of the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Hedging Obligations</I>&#148; means, with respect to
    any Person, the obligations of such Person under any interest
    rate swap agreement, interest rate cap agreement, interest rate
    collar agreement, commodity swap agreement, commodity cap
    agreement, commodity collar agreement, foreign exchange
    contract, currency swap agreement or similar agreement providing
    for the transfer or mitigation of interest rate or currency
    risks either generally or under specific contingencies.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Holder</I>&#148; means the Person in whose name a
    Senior Subordinated Note is registered on the registrar&#146;s
    books.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Indebtedness</I>&#148; means, with respect to any
    Person, without duplication:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any indebtedness (including principal and premium) of
    such Person, whether or not contingent:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;in respect of borrowed money;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;evidenced by bonds, notes, debentures or similar
    instruments or letters of credit or bankers&#146; acceptances
    (or, without duplication, reimbursement agreements in respect
    thereof);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;representing the balance deferred and unpaid of the
    purchase price of any property (including Capitalized Lease
    Obligations), except (i)&#160;any such balance that constitutes
    a trade payable or similar obligation to a trade creditor, in
    each case accrued in the ordinary course of business and
    (ii)&#160;any earn-out obligations until such obligation becomes
    a liability on the balance sheet of such Person in accordance
    with GAAP;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;representing any Hedging Obligations;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    if and to the extent that any of the foregoing Indebtedness
    (other than letters of credit and Hedging Obligations) would
    appear as a liability upon a balance sheet (excluding the
    footnotes thereto) of such Person prepared in accordance with
    GAAP;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;to the extent not otherwise included, any obligation by
    such Person to be liable for, or to pay, as obligor, guarantor
    or otherwise, on the obligations of the type referred to in
    clause&#160;(1) of a third Person (whether or not such items
    would appear upon the balance sheet of the such obligor or
    guarantor), other than by endorsement of negotiable instruments
    for collection in the ordinary course of business;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;to the extent not otherwise included, the obligations
    of the type referred to in clause&#160;(1) of a third Person
    secured by a Lien on any asset owned by such first Person,
    whether or not such Indebtedness is assumed by such first Person;
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided</I>, <I>however</I>, that notwithstanding the
    foregoing, Indebtedness shall be deemed not to include
    (a)&#160;Contingent Obligations incurred in the ordinary course
    of business or (b)&#160;obligations under or in respect of
    Receivables Facilities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Independent Financial Advisor</I>&#148; means an
    accounting, appraisal, investment banking firm or consultant to
    Persons engaged in Similar Businesses of nationally recognized
    standing that is, in the good faith judgment of the Issuer,
    qualified to perform the task for which it has been engaged.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Initial Purchasers</I>&#148; means Deutsche Bank
    Securities Inc., Citigroup Global Markets Inc., J.P.&#160;Morgan
    Securities Inc., Goldman, Sachs&#160;&#038; Co., Morgan
    Stanley&#160;&#038; Co. Incorporated, Banc of America Securities
    LLC, RBC Capital Markets Corporation and BNY Capital Markets,
    Inc.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Investment Grade Rating</I>&#148; means a rating equal
    to or higher than Baa3 (or the equivalent) by Moody&#146;s and
    BBB- (or the equivalent) by S&#038;P, or an equivalent rating by
    any other Rating Agency.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Investment Grade Securities</I>&#148; means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;securities issued or directly and fully guaranteed or
    insured by the United States government or any agency or
    instrumentality thereof (other than Cash Equivalents);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;debt securities or debt instruments with an Investment
    Grade Rating, but excluding any debt securities or instruments
    constituting loans or advances among the Issuer and its
    Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;investments in any fund that invests exclusively in
    investments of the type described in clauses&#160;(1) and
    (2)&#160;which fund may also hold immaterial amounts of cash
    pending investment or distribution;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;corresponding instruments in countries other than the
    United States customarily utilized for high quality investments.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Investments</I>&#148; means, with respect to any
    Person, all investments by such Person in other Persons
    (including Affiliates) in the form of loans (including
    guarantees), advances or capital contributions (excluding
    accounts receivable, trade credit, advances to customers,
    commission, travel and similar advances to officers and
    employees, in each case made in the ordinary course of
    business), purchases or other acquisitions for consideration of
    Indebtedness, Equity Interests or other securities issued by any
    other Person and investments that are required by GAAP to be
    classified on the balance sheet (excluding the footnotes) of the
    Issuer in the same manner as the other investments included in
    this definition to the extent such transactions involve the
    transfer of cash or other property. For purposes of the
    definition of &#147;Unrestricted Subsidiary&#148; and the
    covenant described under &#147;Certain Covenants&#160;&#151;
    Limitation on Restricted Payments&#148;:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;&#147;Investments&#148; shall include the portion
    (proportionate to the Issuer&#146;s equity interest in such
    Subsidiary) of the fair market value of the net assets of a
    Subsidiary of the Issuer at the time that such Subsidiary is
    designated an Unrestricted Subsidiary; <I>provided</I>,
    <I>however</I>, that upon a redesignation of such Subsidiary as
    a Restricted Subsidiary, the Issuer shall be deemed to continue
    to have a permanent &#147;Investment&#148; in an Unrestricted
    Subsidiary in an amount (if positive) equal to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the Issuer &#147;Investment&#148; in such Subsidiary at
    the time of such redesignation; less
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the portion (proportionate to the Issuer equity
    interest in such Subsidiary) of the fair market value of the net
    assets of such Subsidiary at the time of such
    redesignation;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;any property transferred to or from an Unrestricted
    Subsidiary shall be valued at its fair market value at the time
    of such transfer, in each case as determined in good faith by
    the Issuer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Investors</I>&#148; means Silver Lake Partners, Bain
    Capital Partners, The Blackstone Group, Goldman Sachs Capital
    Partners, Kohlberg Kravis Roberts&#160;&#038; Co. L.P.,
    Providence Equity Partners, Inc., Texas Pacific Group and each
    of their respective Affiliates but not including, however, any
    portfolio companies of any of the foregoing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Issue Date</I>&#148; means August&#160;11, 2005.
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Issuer</I>&#148; has the meaning set forth in the first
    paragraph under &#147;General&#148;; <I>provided </I>that when
    used in the context of determining the fair market value of an
    asset or liability under the Indenture, &#147;Issuer&#148; shall
    be deemed to mean the board of directors of the Issuer when the
    fair market value is equal to or in excess of $250&#160;million
    (unless otherwise expressly stated).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Legal Holiday</I>&#148; means a Saturday, a Sunday or a
    day on which commercial banking institutions are not required to
    be open in the State of New York.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Lien</I>&#148; means, with respect to any asset, any
    mortgage, lien (statutory or otherwise), pledge, hypothecation,
    charge, security interest, preference, priority or encumbrance
    of any kind in respect of such asset, whether or not filed,
    recorded or otherwise perfected under applicable law, including
    any conditional sale or other title retention agreement, any
    lease in the nature thereof, any option or other agreement to
    sell or give a security interest in and any filing of or
    agreement to give any financing statement under the Uniform
    Commercial Code (or equivalent statutes) of any jurisdiction;
    <I>provided </I>that in no event shall an operating lease be
    deemed to constitute a Lien.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Moody&#146;s</I>&#148; means Moody&#146;s Investors
    Service, Inc. and any successor to its rating agency business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Net Income</I>&#148; means, with respect to any Person,
    the net income (loss) of such Person, determined in accordance
    with GAAP and before any reduction in respect of Preferred Stock
    dividends.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Net Proceeds</I>&#148; means the aggregate cash
    proceeds received by the Issuer or any of its Restricted
    Subsidiaries in respect of any Asset Sale, including any cash
    received upon the sale or other disposition of any Designated
    Non-cash Consideration received in any Asset Sale, net of the
    direct costs relating to such Asset Sale and the sale or
    disposition of such Designated Non-cash Consideration, including
    legal, accounting and investment banking fees, and brokerage and
    sales commissions, any relocation expenses incurred as a result
    thereof, taxes paid or payable as a result thereof (after taking
    into account any available tax credits or deductions and any tax
    sharing arrangements), amounts required to be applied to the
    repayment of principal, premium, if any, and interest on Senior
    Indebtedness required (other than required by clause&#160;(1) of
    the second paragraph of &#147;Repurchase at the Option of
    Holders&#160;&#151; Asset Sales&#148;) to be paid as a result of
    such transaction and any deduction of appropriate amounts to be
    provided by the Issuer or any of its Restricted Subsidiaries as
    a reserve in accordance with GAAP against any liabilities
    associated with the asset disposed of in such transaction and
    retained by the Issuer or any of its Restricted Subsidiaries
    after such sale or other disposition thereof, including pension
    and other post-employment benefit liabilities and liabilities
    related to environmental matters or against any indemnification
    obligations associated with such transaction.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Obligations</I>&#148; means any principal, interest
    (including any interest accruing subsequent to the filing of a
    petition in bankruptcy, reorganization or similar proceeding at
    the rate provided for in the documentation with respect thereto,
    whether or not such interest is an allowed claim under
    applicable state, federal or foreign law), penalties, fees,
    indemnifications, reimbursements (including reimbursement
    obligations with respect to letters of credit and banker&#146;s
    acceptances), damages and other liabilities, and guarantees of
    payment of such principal, interest, penalties, fees,
    indemnifications, reimbursements, damages and other liabilities,
    payable under the documentation governing any Indebtedness.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Officer</I>&#148; means the Chairman of the Board, the
    Chief Executive Officer, the President, any Executive Vice
    President, Senior Vice President or Vice President, the
    Treasurer or the Secretary of the Issuer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Officer&#146;s Certificate</I>&#148; means a
    certificate signed on behalf of the Issuer by an Officer of the
    Issuer, who must be the principal executive officer, the
    principal financial officer, the treasurer or the principal
    accounting officer of the Issuer, that meets the requirements
    set forth in the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Opinion of Counsel</I>&#148; means a written opinion
    from legal counsel who is acceptable to the Trustee. The counsel
    may be an employee of or counsel to the Issuer or the Trustee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Permitted Asset Swap</I>&#148; means the concurrent
    purchase and sale or exchange of Related Business Assets or a
    combination of Related Business Assets and cash or Cash
    Equivalents between the Issuer or any of its Restricted
    Subsidiaries and another Person; <I>provided</I>, that any cash
    or Cash Equivalents received must be applied in accordance with
    the &#147;Repurchase at the Option of Holders&#160;&#151; Asset
    Sales&#148; covenant.
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Permitted Holders</I>&#148; means each of the Investors
    and members of management of the Issuer (or its direct parent)
    who are holders of Equity Interests of the Issuer (or any of its
    direct or indirect parent companies) on the Issue Date and any
    group (within the meaning of Section&#160;13(d)(3) or
    Section&#160;14(d)(2) of the Exchange Act or any successor
    provision) of which any of the foregoing are members;
    <I>provided</I>, that, in the case of such group and without
    giving effect to the existence of such group or any other group,
    such Investors and members of management, collectively, have
    beneficial ownership of more than 50% of the total voting power
    of the Voting Stock of the Issuer or any of its direct or
    indirect parent companies.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Permitted Investments&#148; </I>means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any Investment in the Issuer or any of its Restricted
    Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;any Investment in cash and Cash Equivalents or
    Investment Grade Securities;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;any Investment by the Issuer or any of its Restricted
    Subsidiaries in a Person that is engaged in a Similar Business
    if as a result of such Investment:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;such Person becomes a Restricted Subsidiary;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;such Person, in one transaction or a series of related
    transactions, is merged or consolidated with or into, or
    transfers or conveys substantially all of its assets to, or is
    liquidated into, the Issuer or a Restricted Subsidiary, and, in
    each case, any Investment held by such Person; <I>provided,
    </I>that such Investment was not acquired by such Person in
    contemplation of such acquisition, merger, consolidation or
    transfer;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;any Investment in securities or other assets not
    constituting cash, Cash Equivalents or Investment Grade
    Securities and received in connection with an Asset Sale made
    pursuant to the provisions of &#147;Repurchase at the Option of
    Holders&#160;&#151; Asset Sales&#148; or any other disposition
    of assets not constituting an Asset Sale;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;any Investment existing on the Issue Date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;any Investment acquired by the Issuer or any of its
    Restricted Subsidiaries:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;in exchange for any other Investment or accounts
    receivable held by the Issuer or any such Restricted Subsidiary
    in connection with or as a result of a bankruptcy, workout,
    reorganization or recapitalization of the issuer of such other
    Investment or accounts receivable; or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;as a result of a foreclosure by the Issuer or any of
    its Restricted Subsidiaries with respect to any secured
    Investment or other transfer of title with respect to any
    secured Investment in default;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;Hedging Obligations permitted under clause&#160;(10) of
    the covenant described in &#147;Certain Covenants&#160;&#151;
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;any Investment in a Similar Business having an
    aggregate fair market value, taken together with all other
    Investments made pursuant to this clause&#160;(8) that are at
    that time outstanding, not to exceed 2.5% of Total Assets at the
    time of such Investment (with the fair market value of each
    Investment being measured at the time made and without giving
    effect to subsequent changes in value);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;Investments the payment for which consists of Equity
    Interests (exclusive of Disqualified Stock) of the Issuer, or
    any of its direct or indirect parent companies; <I>provided</I>,
    <I>however</I>, that such Equity Interests will not increase the
    amount available for Restricted Payments under clause&#160;(3)
    of the first paragraph under the covenant described in
    &#147;Certain Covenants&#160;&#151; Limitation on Restricted
    Payments&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;guarantees of Indebtedness permitted under the
    covenant described in &#147;Certain Covenants&#160;&#151;
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;any transaction to the extent it constitutes an
    Investment that is permitted and made in accordance with the
    provisions of the second paragraph of the covenant described
    under &#147;Certain
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Covenants&#160;&#151; Transactions with Affiliates&#148; (except
    transactions described in clauses (2), (5)&#160;and (9)&#160;of
    such paragraph);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (12)&#160;Investments consisting of purchases and acquisitions
    of inventory, supplies, material or equipment;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (13)&#160;additional Investments having an aggregate fair market
    value, taken together with all other Investments made pursuant
    to this clause&#160;(13) that are at that time outstanding
    (without giving effect to the sale of an Unrestricted Subsidiary
    to the extent the proceeds of such sale do not consist of cash
    or marketable securities), not to exceed 3.5% of Total Assets at
    the time of such Investment (with the fair market value of each
    Investment being measured at the time made and without giving
    effect to subsequent changes in value);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (14)&#160;Investments relating to a Receivables Subsidiary that,
    in the good faith determination of the Issuer are necessary or
    advisable to effect any Receivables Facility;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (15)&#160;advances to, or guarantees of Indebtedness of,
    employees not in excess of $15&#160;million outstanding at any
    one time, in the aggregate;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (16)&#160;loans and advances to officers, directors and
    employees for business-related travel expenses, moving expenses
    and other similar expenses, in each case incurred in the
    ordinary course of business or consistent with past practices or
    to fund such Person&#146;s purchase of Equity Interests of the
    Issuer or any direct or indirect parent company thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Permitted Junior Securities&#148; </I>means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;Equity Interests in the Issuer, any Guarantor or any
    direct or indirect parent of the Issuer;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;unsecured debt securities that are subordinated to all
    Senior Indebtedness (and any debt securities issued in exchange
    for Senior Indebtedness) to substantially the same extent as, or
    to a greater extent than, the Senior Subordinated Notes and the
    related Guarantees are subordinated to Senior Indebtedness under
    the Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided </I>that the term &#147;Permitted Junior
    Securities&#148; shall not include any securities distributed
    pursuant to a plan of reorganization if the Indebtedness under
    the Senior Credit Facilities is treated as part of the same
    class as the Senior Subordinated Notes for purposes of such plan
    of reorganization; <I>provided further </I>that to the extent
    that any Senior Indebtedness of the Issuer or the Guarantors
    outstanding on the date of consummation of any such plan of
    reorganization is not paid in full in cash on such date, the
    holders of any such Senior Indebtedness not so paid in full in
    cash have consented to the terms of such plan of reorganization.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Permitted Liens</I>&#148; means, with respect to any
    Person:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;pledges or deposits by such Person under workmen&#146;s
    compensation laws, unemployment insurance laws or similar
    legislation, or good faith deposits in connection with bids,
    tenders, contracts (other than for the payment of Indebtedness)
    or leases to which such Person is a party, or deposits to secure
    public or statutory obligations of such Person or deposits of
    cash or U.S.&#160;government bonds to secure surety or appeal
    bonds to which such Person is a party, or deposits as security
    for contested taxes or import duties or for the payment of rent,
    in each case incurred in the ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;Liens imposed by law, such as carriers&#146;,
    warehousemen&#146;s and mechanics&#146; Liens, in each case for
    sums not yet overdue for a period of more than 30&#160;days or
    being contested in good faith by appropriate proceedings or
    other Liens arising out of judgments or awards against such
    Person with respect to which such Person shall then be
    proceeding with an appeal or other proceedings for review if
    adequate reserves with respect thereto are maintained on the
    books of such Person in accordance with GAAP;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;Liens for taxes, assessments or other governmental
    charges not yet overdue for a period of more than 30&#160;days
    or payable or subject to penalties for nonpayment or which are
    being contested in good faith by appropriate proceedings
    diligently conducted, if adequate reserves with respect thereto
    are maintained on the books of such Person in accordance with
    GAAP;
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;Liens in favor of issuers of performance and surety
    bonds or bid bonds or with respect to other regulatory
    requirements or letters of credit issued pursuant to the request
    of and for the account of such Person in the ordinary course of
    its business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;minor survey exceptions, minor encumbrances, easements
    or reservations of, or rights of others for, licenses,
    <FONT style="white-space: nowrap">rights-of-way,</FONT>
    sewers, electric lines, telegraph and telephone lines and other
    similar purposes, or zoning or other restrictions as to the use
    of real properties or Liens incidental, to the conduct of the
    business of such Person or to the ownership of its properties
    which were not incurred in connection with Indebtedness and
    which do not in the aggregate materially adversely affect the
    value of said properties or materially impair their use in the
    operation of the business of such Person;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;Liens securing Indebtedness permitted to be incurred
    pursuant to clause (4), (12)(b), (18)&#160;or (19)&#160;of the
    second paragraph under &#147;Certain Covenants&#160;&#151;
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock&#148;; <I>provided
    </I>that Liens securing Indebtedness permitted to be incurred
    pursuant to clause&#160;(18) extend only to the assets of
    Foreign Subsidiaries and Liens securing Indebtedness permitted
    to be incurred pursuant to clause&#160;(19) are solely on
    acquired property or the assets of the acquired entity, as the
    case may be;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (7)&#160;Liens existing on the Issue Date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (8)&#160;Liens on property or shares of stock of a Person at the
    time such Person becomes a Subsidiary; <I>provided</I>,
    <I>however</I>, such Liens are not created or incurred in
    connection with, or in contemplation of, such other Person
    becoming such a Subsidiary; <I>provided</I>, <I>further</I>,
    <I>however</I>, that such Liens may not extend to any other
    property owned by the Issuer or any of its Restricted
    Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (9)&#160;Liens on property at the time the Issuer or a
    Restricted Subsidiary acquired the property, including any
    acquisition by means of a merger or consolidation with or into
    the Issuer or any of its Restricted Subsidiaries;
    <I>provided</I>, <I>however</I>, that such Liens are not created
    or incurred in connection with, or in contemplation of, such
    acquisition; <I>provided</I>, <I>further</I>, <I>however</I>,
    that the Liens may not extend to any other property owned by the
    Issuer or any of its Restricted Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (10)&#160;Liens securing Indebtedness or other obligations of a
    Restricted Subsidiary owing to the Issuer or another Restricted
    Subsidiary permitted to be incurred in accordance with the
    covenant described under &#147;Certain Covenants&#160;&#151;
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (11)&#160;Liens securing Hedging Obligations so long as related
    Indebtedness is, and is permitted to be under the Indenture,
    secured by a Lien on the same property securing such Hedging
    Obligations;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (12)&#160;Liens on specific items of inventory of other goods
    and proceeds of any Person securing such Person&#146;s
    obligations in respect of bankers&#146; acceptances issued or
    created for the account of such Person to facilitate the
    purchase, shipment or storage of such inventory or other goods;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (13)&#160;leases, subleases, licenses or sublicenses granted to
    others in the ordinary course of business which do not
    materially interfere with the ordinary conduct of the business
    of the Issuer or any of its Restricted Subsidiaries and do not
    secure any Indebtedness;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (14)&#160;Liens arising from Uniform Commercial Code financing
    statement filings regarding operating leases entered into by the
    Issuer and its Restricted Subsidiaries in the ordinary course of
    business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (15)&#160;Liens in favor of the Issuer or any Guarantor;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (16)&#160;Liens on equipment of the Issuer or any of its
    Restricted Subsidiaries granted in the ordinary course of
    business to the Issuer&#146;s clients;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (17)&#160;Liens on accounts receivable and related assets
    incurred in connection with a Receivables Facility;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (18)&#160;Liens to secure any refinancing, refunding, extension,
    renewal or replacement (or successive refinancing, refunding,
    extensions, renewals or replacements) as a whole, or in part, of
    any Indebtedness
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    secured by any Lien referred to in the foregoing clauses (6),
    (7), (8)&#160;and (9); <I>provided</I>, <I>however</I>, that
    (a)&#160;such new Lien shall be limited to all or part of the
    same property that secured the original Lien (plus improvements
    on such property), and (b)&#160;the Indebtedness secured by such
    Lien at such time is not increased to any amount greater than
    the sum of (i)&#160;the outstanding principal amount or, if
    greater, committed amount of the Indebtedness described under
    clauses (6), (7), (8)&#160;and (9)&#160;at the time the original
    Lien became a Permitted Lien under the Indenture, and
    (ii)&#160;an amount necessary to pay any fees and expenses,
    including premiums, related to such refinancing, refunding,
    extension, renewal or replacement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (19)&#160;deposits made in the ordinary course of business to
    secure liability to insurance carriers;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (20)&#160;other Liens securing obligations incurred in the
    ordinary course of business which obligations do not exceed
    $50&#160;million at any one time outstanding;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (21)&#160;Liens securing judgments for the payment of money not
    constituting an Event of Default under clause&#160;(5) under the
    caption &#147;Events of Default and Remedies&#148; so long as
    such Liens are adequately bonded and any appropriate legal
    proceedings that may have been duly initiated for the review of
    such judgment have not been finally terminated or the period
    within which such proceedings may be initiated has not expired;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (22)&#160;Liens in favor of customs and revenue authorities
    arising as a matter of law to secure payment of customs duties
    in connection with the importation of goods in the ordinary
    course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (23)&#160;Liens (i)&#160;of a collection bank arising under
    <FONT style="white-space: nowrap">Section&#160;4-210</FONT>
    of the Uniform Commercial Code on items in the course of
    collection, (ii)&#160;attaching to commodity trading accounts or
    other commodity brokerage accounts incurred in the ordinary
    course of business, and (iii)&#160;in favor of banking
    institutions arising as a matter of law encumbering deposits
    (including the right of set-off) and which are within the
    general parameters customary in the banking industry;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (24)&#160;Liens deemed to exist in connection with Investments
    in repurchase agreements permitted under &#147;Certain
    Covenants&#160;&#151; Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock&#148;;
    <I>provided </I>that such Liens do not extend to any assets
    other than those that are the subject of such repurchase
    agreement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (25)&#160;Liens encumbering reasonable customary initial
    deposits and margin deposits and similar Liens attaching to
    commodity trading accounts or other brokerage accounts incurred
    in the ordinary course of business and not for speculative
    purposes;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (26)&#160;Liens that are contractual rights of set-off
    (i)&#160;relating to the establishment of depository relations
    with banks not given in connection with the issuance of
    Indebtedness, (ii)&#160;relating to pooled deposit or sweep
    accounts of the Issuer or any of its Restricted Subsidiaries to
    permit satisfaction of overdraft or similar obligations incurred
    in the ordinary course of business of the Issuer and its
    Restricted Subsidiaries or (iii)&#160;relating to purchase
    orders and other agreements entered into with customers of the
    Issuer or any of its Restricted Subsidiaries in the ordinary
    course of business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of this definition, the term
    &#147;Indebtedness&#148; shall be deemed to include interest on
    such Indebtedness.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Person</I>&#148; means any individual, corporation,
    limited liability company, partnership, joint venture,
    association, joint stock company, trust, unincorporated
    organization, government or any agency or political subdivision
    thereof or any other entity.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Preferred Stock</I>&#148; means any Equity Interest
    with preferential rights of payment of dividends or upon
    liquidation, dissolution, or winding up.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Qualified Proceeds</I>&#148; means assets that are used
    or useful in, or Capital Stock of any Person engaged in, a
    Similar Business; <I>provided </I>that the fair market value of
    any such assets or Capital Stock shall be determined by the
    Issuer in good faith.
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Rating Agencies</I>&#148; means Moody&#146;s and
    S&#038;P or if Moody&#146;s or S&#038;P or both shall not make a
    rating on the Senior Subordinated Notes publicly available, a
    nationally recognized statistical rating agency or agencies, as
    the case may be, selected by the Issuer which shall be
    substituted for Moody&#146;s or S&#038;P or both, as the case
    may be.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Receivables Facility</I>&#148; means any of one or more
    receivables financing facilities as amended, supplemented,
    modified, extended, renewed, restated or refunded from time to
    time, the Obligations of which are non-recourse (except for
    customary representations, warranties, covenants and indemnities
    made in connection with such facilities) to the Issuer or any of
    its Restricted Subsidiaries (other than a Receivables
    Subsidiary) pursuant to which the Issuer or any of its
    Restricted Subsidiaries sells its accounts receivable to either
    (a)&#160;a Person that is not a Restricted Subsidiary or
    (b)&#160;a Receivables Subsidiary that in turn sells its
    accounts receivable to a Person that is not a Restricted
    Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Receivables Fees</I>&#148; means distributions or
    payments made directly or by means of discounts with respect to
    any accounts receivable or participation interest therein issued
    or sold in connection with, and other fees paid to a Person that
    is not a Restricted Subsidiary in connection with, any
    Receivables Facility.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Receivables Subsidiary</I>&#148; means any Subsidiary
    formed for the purpose of, and that solely engages only in one
    or more Receivables Facilities and other activities reasonably
    related thereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Registration Rights Agreement</I>&#148; means the
    Registration Rights Agreement with respect to the Senior
    Subordinated Notes dated as of the Issue Date, among Solar
    Capital Corp., SunGard, the Guarantors and the Initial
    Purchasers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Related Business Assets</I>&#148; means assets (other
    than cash or Cash Equivalents) used or useful in a Similar
    Business, <I>provided </I>that any assets received by the Issuer
    or a Restricted Subsidiary in exchange for assets transferred by
    the Issuer or a Restricted Subsidiary shall not be deemed to be
    Related Business Assets if they consist of securities of a
    Person, unless upon receipt of the securities of such Person,
    such Person would become a Restricted Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Representative</I>&#148; means any trustee, agent or
    representative (if any) for an issue of Senior Indebtedness of
    the Issuer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Restricted Investment</I>&#148; means an Investment
    other than a Permitted Investment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Restricted Subsidiary</I>&#148; means, at any time, any
    direct or indirect Subsidiary of the Issuer (including any
    Foreign Subsidiary) that is not then an Unrestricted Subsidiary;
    <I>provided</I>, <I>however</I>, that upon the occurrence of an
    Unrestricted Subsidiary ceasing to be an Unrestricted
    Subsidiary, such Subsidiary shall be included in the definition
    of &#147;Restricted Subsidiary.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>S&#038;P</I>&#148; means Standard&#160;&#038;
    Poor&#146;s, a division of The McGraw-Hill Companies, Inc., and
    any successor to its rating agency business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Sale and Lease-Back Transaction</I>&#148; means any
    arrangement providing for the leasing by the Issuer or any of
    its Restricted Subsidiaries of any real or tangible personal
    property, which property has been or is to be sold or
    transferred by the Issuer or such Restricted Subsidiary to a
    third Person in contemplation of such leasing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>SEC</I>&#148; means the U.S.&#160;Securities and
    Exchange Commission.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Secured Indebtedness</I>&#148; means any Indebtedness
    of the Issuer or any of its Restricted Subsidiaries secured by a
    Lien.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Securities Act</I>&#148; means the Securities Act of
    1933, as amended, and the rules and regulations of the SEC
    promulgated thereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Senior Credit Facilities</I>&#148; means the Credit
    Facility under the Credit Agreement entered into as of the Issue
    Date by and among SunGard Holdco LLC, the Issuer, the lenders
    party thereto in their capacities as lenders thereunder and
    JPMorgan Chase Bank, N.A., as Administrative Agent, including
    any guarantees, collateral documents, instruments and agreements
    executed in connection therewith, and any amendments,
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    supplements, modifications, extensions, renewals, restatements,
    refundings or refinancings thereof and any indentures or credit
    facilities or commercial paper facilities with banks or other
    institutional lenders or investors that replace, refund or
    refinance any part of the loans, notes, other credit facilities
    or commitments thereunder, including any such replacement,
    refunding or refinancing facility or indenture that increases
    the amount borrowable thereunder or alters the maturity thereof
    (<I>provided </I>that such increase in borrowings is permitted
    under &#147;Certain Covenants&#160;&#151; Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock&#148; above).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Senior Indebtedness&#148; </I>means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;all Indebtedness of the Issuer or any Guarantor
    outstanding under the Senior Credit Facilities or Senior Notes
    and related Guarantees (including interest accruing on or after
    the filing of any petition in bankruptcy or similar proceeding
    or for reorganization of the Issuer or any Guarantor (at the
    rate provided for in the documentation with respect thereto,
    regardless of whether or not a claim for post-filing interest is
    allowed in such proceedings)), and any and all other fees,
    expense reimbursement obligations, indemnification amounts,
    penalties, and other amounts (whether existing on the Issue Date
    or thereafter created or incurred) and all obligations of the
    Issuer or any Guarantor to reimburse any bank or other Person in
    respect of amounts paid under letters of credit, acceptances or
    other similar instruments;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;all Hedging Obligations (and guarantees thereof) owing
    to a Lender (as defined in the Senior Credit Facilities) or any
    Affiliate of such Lender (or any Person that was a Lender or an
    Affiliate of such Lender at the time the applicable agreement
    giving rise to such Hedging Obligation was entered into),
    <I>provided </I>that such Hedging Obligations are permitted to
    be incurred under the terms of the Indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;any other Indebtedness of the Issuer or any Guarantor
    permitted to be incurred under the terms of the Indenture,
    unless the instrument under which such Indebtedness is incurred
    expressly provides that it is on a parity with or subordinated
    in right of payment to the Senior Subordinated Notes or any
    related Guarantee;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;all Obligations with respect to the items listed in the
    preceding clauses (1), (2)&#160;and (3);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided</I>, <I>however</I>, that Senior Indebtedness shall
    not include:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;any obligation of such Person to the Issuer or any of
    its Subsidiaries;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;any liability for federal, state, local or other taxes
    owed or owing by such Person;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;any accounts payable or other liability to trade
    creditors arising in the ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;any Indebtedness or other Obligation of such Person
    which is subordinate or junior in any respect to any other
    Indebtedness or other Obligation of such Person;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;that portion of any Indebtedness which at the time of
    incurrence is incurred in violation of the Indenture;
    <I>provided</I>, <I>however </I>that such Indebtedness shall be
    deemed not to have been incurred in violation of the Indenture
    for purposes of this clause if such Indebtedness consists of
    Designated Senior Indebtedness, and the holder(s) of such
    Indebtedness of their agent or representative (a)&#160;had no
    actual knowledge at the time of incurrence that the incurrence
    of such Indebtedness violated the Indenture and (b)&#160;shall
    have receive a certificate from an officer of the Issuer to the
    effect that the incurrence of such Indebtedness does not violate
    the provisions of the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Senior Notes</I>&#148; means the $1,600,000,000
    aggregate principal amount of the Issuer&#146;s
    9<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">8</FONT>%&#160;senior
    notes due 2013 issued on the Issue Date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Senior Subordinated Indebtedness&#148; </I>means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;with respect to the Issuer, Indebtedness which ranks
    equal in right of payment to the Senior Subordinated Notes
    issued by the Issuer;&#160;and
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;with respect to any Guarantor, Indebtedness which ranks
    equal in right of payment to the Guarantee of such entity of
    Senior Subordinated Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Senior Secured Notes</I>&#148; means the
    $250&#160;million aggregate principal amount of
    3.75%&#160;senior notes due 2009 and $250&#160;million aggregate
    principal amount of 4.875%&#160;senior notes due 2014, each of
    SunGard and outstanding on the Issue Date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Significant Subsidiary</I>&#148; means any Restricted
    Subsidiary that would be a &#147;significant subsidiary&#148; as
    defined in Article&#160;1,
    <FONT style="white-space: nowrap">Rule&#160;1-02</FONT>
    of
    <FONT style="white-space: nowrap">Regulation&#160;S-X,</FONT>
    promulgated pursuant to the Securities Act, as such regulation
    is in effect on the Issue Date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Similar Business</I>&#148; means any business conducted
    or proposed to be conducted by the Issuer and its Restricted
    Subsidiaries on the Issue Date or any business that is similar,
    reasonably related, incidental or ancillary thereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Sponsor Management Agreement</I>&#148; means the
    management agreement between certain of the management companies
    associated with the Investors and SunGard.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Subordinated Indebtedness</I>&#148; means, with respect
    to the Senior Subordinated Notes,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any Indebtedness of the Issuer which is by its terms
    subordinated in right of payment to the Senior Subordinated
    Notes,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;any Indebtedness of any Guarantor which is by its terms
    subordinated in right of payment to the Guarantee of such entity
    of the Senior Subordinated Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Subsidiary</I>&#148; means, with respect to any Person:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any corporation, association, or other business entity
    (other than a partnership, joint venture, limited liability
    company or similar entity) of which more than 50% of the total
    voting power of shares of Capital Stock entitled (without regard
    to the occurrence of any contingency) to vote in the election of
    directors, managers or trustees thereof is at the time of
    determination owned or controlled, directly or indirectly, by
    such Person or one or more of the other Subsidiaries of that
    Person or a combination thereof or is consolidated under GAAP
    with such Person at such time;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;any partnership, joint venture, limited liability
    company or similar entity of which
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (x)&#160;more than 50% of the capital accounts, distribution
    rights, total equity and voting interests or general or limited
    partnership interests, as applicable, are owned or controlled,
    directly or indirectly, by such Person or one or more of the
    other Subsidiaries of that Person or a combination thereof
    whether in the form of membership, general, special or limited
    partnership or otherwise,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (y)&#160;such Person or any Restricted Subsidiary of such Person
    is a controlling general partner or otherwise controls such
    entity.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Total Assets</I>&#148; means the total assets of the
    Issuer and its Restricted Subsidiaries on a consolidated basis,
    as shown on the most recent balance sheet of the Issuer or such
    other Person as may be expressly stated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Transaction</I>&#148; means the transactions
    contemplated by the Transaction Agreement, the issuance of the
    Senior Notes and the Senior Subordinated Notes, the granting of
    Liens on the Senior Secured Notes, fundings under any
    Receivables Facility and borrowings under the Senior Credit
    Facilities as in effect on the Issue Date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Transaction Agreement</I>&#148; means the Agreement and
    Plan of Merger, dated as of March&#160;27, 2005 between Solar
    Capital Corp. and SunGard as the same may be amended prior to
    the Issue Date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Treasury Rate</I>&#148; means, as of any
    Redemption&#160;Date, the yield to maturity as of such
    Redemption&#160;Date of United States Treasury securities with a
    constant maturity (as compiled and published in the most recent
    Federal Reserve Statistical Release H.15 (519)&#160;that has
    become publicly available at least two Business Days prior to
    the Redemption&#160;Date (or, if such Statistical Release is no
    longer published, any publicly available source of similar
    market data)) most nearly equal to the period from the
    Redemption&#160;Date to August&#160;15, 2009;
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided</I>, <I>however</I>, that if the period from the
    Redemption&#160;Date to August&#160;15, 2009 is less than one
    year, the weekly average yield on actually traded United States
    Treasury securities adjusted to a constant maturity of one year
    will be used.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Trust&#160;Indenture Act</I>&#148; means the
    Trust&#160;Indenture Act of 1939, as amended (15 U.S.C
    <FONT style="white-space: nowrap">&#167;&#167;&#160;77aaa-777bbbb).</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Unrestricted Subsidiary</I>&#148; means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any Subsidiary of the Issuer which at the time of
    determination is an Unrestricted Subsidiary (as designated by
    the Issuer, as provided below);&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;any Subsidiary of an Unrestricted Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer may designate any Subsidiary of the Issuer (including
    any existing Subsidiary and any newly acquired or newly formed
    Subsidiary) to be an Unrestricted Subsidiary unless such
    Subsidiary or any of its Subsidiaries owns any Equity Interests
    or Indebtedness of, or owns or holds any Lien on, any property
    of, the Issuer or any Subsidiary of the Issuer (other than
    solely any Subsidiary of the Subsidiary to be so designated);
    <I>provided </I>that
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;any Unrestricted Subsidiary must be an entity of which
    the Equity Interests entitled to cast at least a majority of the
    votes that may be cast by all Equity Interests having ordinary
    voting power for the election of directors or Persons performing
    a similar function are owned, directly or indirectly, by the
    Issuer;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;such designation complies with the covenants described
    under &#147;Certain Covenants&#160;&#151; Limitation on
    Restricted Payments&#148;;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;each of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the Subsidiary to be so designated;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;its Subsidiaries
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    has not at the time of designation, and does not thereafter,
    create, incur, issue, assume, guarantee or otherwise become
    directly or indirectly liable with respect to any Indebtedness
    pursuant to which the lender has recourse to any of the assets
    of the Issuer or any Restricted Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Issuer may designate any Unrestricted Subsidiary to be a
    Restricted Subsidiary; <I>provided</I> that, immediately after
    giving effect to such designation, no Default shall have
    occurred and be continuing and either:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the Issuer could incur at least $1.00 of additional
    Indebtedness pursuant to the Fixed Charge Coverage Ratio test
    described in the first paragraph under &#147;Certain
    Covenants&#160;&#151; Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred
    Stock&#148;;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the Fixed Charge Coverage Ratio for the Issuer its
    Restricted Subsidiaries would be greater than such ratio for the
    Issuer and its Restricted Subsidiaries immediately prior to such
    designation,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    in each case on a <I>pro forma </I>basis taking into account
    such designation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any such designation by the Issuer shall be notified by the
    Issuer to the Trustee by promptly filing with the Trustee a copy
    of the resolution of the board of directors of the Issuer or any
    committee thereof giving effect to such designation and an
    Officer&#146;s Certificate certifying that such designation
    complied with the foregoing provisions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Voting Stock</I>&#148; of any Person as of any date
    means the Capital Stock of such Person that is at the time
    entitled to vote in the election of the board of directors of
    such Person.
</DIV>
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    <BR>
    253
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Weighted Average Life to Maturity</I>&#148; means, when
    applied to any Indebtedness, Disqualified Stock or Preferred
    Stock, as the case may be, at any date, the quotient obtained by
    dividing:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;the sum of the products of the number of years from the
    date of determination to the date of each successive scheduled
    principal payment of such Indebtedness or redemption or similar
    payment with respect to such Disqualified Stock or Preferred
    Stock multiplied by the amount of such payment; by
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;the sum of all such payments.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Wholly-Owned Subsidiary</I>&#148; of any Person means a
    Subsidiary of such Person, 100% of the outstanding Equity
    Interests of which (other than directors&#146; qualifying
    shares) shall at the time be owned by such Person or by one or
    more Wholly-Owned Subsidiaries of such Person.
</DIV>

<A name='117'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CERTAIN
    UNITED STATES FEDERAL <BR>
    INCOME AND ESTATE TAX CONSEQUENCES</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following is a summary of certain United States federal
    income and, in the case of
    <FONT style="white-space: nowrap">Non-United</FONT>
    States Holders (as defined below), estate tax consequences of
    the ownership of notes as of the date hereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except where noted, this summary deals only with notes that are
    held as capital assets, and does not represent a detailed
    description of the United States federal income tax consequences
    applicable to you if you are subject to special treatment under
    the United States federal income tax laws, including if you are:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a dealer in securities or currencies;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a financial institution;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a regulated investment company;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a real estate investment trust;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a tax-exempt organization;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    an insurance company;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a person holding the notes as part of a hedging, integrated,
    conversion or constructive sale transaction or a straddle;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a trader in securities that has elected the
    <FONT style="white-space: nowrap">mark-to-market</FONT>
    method of accounting for your securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a person liable for alternative minimum tax;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a partnership or other pass-through entity for United States
    federal income tax purposes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a United States Holder (as defined below) whose &#147;functional
    currency&#148; is not the U.S.&#160;dollar;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a &#147;controlled foreign corporation&#148;;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a &#147;passive foreign investment company&#148;;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a United States expatriate.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This summary is based upon provisions of the Internal Revenue
    Code of 1986, as amended (the &#147;Code&#148;), and
    regulations, rulings and judicial decisions as of the date
    hereof. Those authorities may be changed, perhaps retroactively,
    so as to result in United States federal income and estate tax
    consequences different from those summarized below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If a partnership holds notes, the tax treatment of a partner
    will generally depend upon the status of the partner and the
    activities of the partnership. If you are a partner of a
    partnership holding notes, you should consult your tax advisors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This summary does not represent a detailed description of the
    United States federal income and estate tax consequences to you
    in light of your particular circumstances and does not address
    the effects of any state,
</DIV>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    254
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    local or
    <FONT style="white-space: nowrap">non-United</FONT>
    States tax laws. <B>If you are considering the purchase of
    notes, you should consult your own tax advisors concerning the
    particular United States federal income and estate tax
    consequences to you of the ownership of the notes, as well as
    the consequences to you arising under the laws of any other
    taxing jurisdiction.</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Consequences
    to United States Holders</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following is a summary of certain United States federal
    income tax consequences that will apply to you if you are a
    United States Holder of notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Certain consequences to
    <FONT style="white-space: nowrap">&#147;Non-United</FONT>
    States Holders&#148; of notes, which are beneficial owners of
    notes (other than partnerships) who are not United States
    Holders, are described under &#147;Consequences to
    <FONT style="white-space: nowrap">Non-United</FONT>
    States Holders&#148; below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;United States Holder&#148; means a beneficial owner of a
    note that is for United States federal income tax purposes:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    an individual citizen or resident of the United States;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a corporation (or any other entity treated as a corporation for
    United States federal income tax purposes) created or organized
    in or under the laws of the United States, any state thereof or
    the District of Columbia;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    an estate the income of which is subject to United States
    federal income taxation regardless of its source;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a trust if it (1)&#160;is subject to the primary supervision of
    a court within the United States and one or more United States
    persons have the authority to control all substantial decisions
    of the trust or (2)&#160;has a valid election in effect under
    applicable United States Treasury regulations to be treated as a
    United States person.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Payments
    of Interest</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Interest on a note will generally be taxable to you as ordinary
    income at the time it is paid or accrued in accordance with your
    method of accounting for tax purposes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Market
    Discount</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you purchase a note for an amount that is less than its
    stated redemption price at maturity, the amount of the
    difference will be treated as &#147;market discount&#148; for
    United States federal income tax purposes, unless that
    difference is less than a specified de&#160;minimus amount.
    Under the market discount rules, you will be required to treat
    any principal payment on, or any gain on the sale, exchange,
    retirement or other disposition of, a note as ordinary income to
    the extent of the market discount that you have not previously
    included in income and are treated as having accrued on the note
    at the time of its payment or disposition.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, you may be required to defer, until the maturity of
    the note or its earlier disposition in a taxable transaction,
    the deduction of all or a portion of the interest expense on any
    indebtedness attributable to the note. You may elect, on a
    <FONT style="white-space: nowrap">note-by-note</FONT>
    basis, to deduct the deferred interest expense in a tax year
    prior to the year of disposition. You should consult your own
    tax advisors before making this election.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any market discount will be considered to accrue ratably during
    the period from the date of acquisition to the maturity date of
    the note, unless you elect to accrue on a constant interest
    method. You may elect to include market discount in income
    currently as it accrues, on either a ratable or constant
    interest method, in which case the rule described above
    regarding deferral of interest deductions will not apply.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Amortizable
    Bond Premium</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you purchase a note for an amount in excess of its stated
    redemption price at maturity, you will be considered to have
    purchased the note at a &#147;premium&#148;. You generally may
    elect to amortize the premium over
</DIV>
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    <BR>
    255
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the remaining term of the note on a constant yield method as an
    offset to interest when includible in income under your regular
    accounting method. If you do not elect to amortize bond premium,
    that premium will decrease the gain or increase the loss you
    would otherwise recognize on disposition of the note.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Sale,
    Exchange and Retirement of Notes</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Your adjusted tax basis in a note will, in general, be your cost
    for that note, increased by any market discount that you
    previously included in income, and reduced by any amortized
    premium. Upon the sale, exchange, retirement or other
    disposition of a note, you will recognize gain or loss equal to
    the difference between the amount you realize upon the sale,
    exchange, retirement or other disposition (less an amount equal
    to any accrued but unpaid interest, which will be taxable as
    interest income to the extent not previously included in income)
    and the adjusted tax basis of the note. Except as described
    above with respect to market discount, that gain or loss will be
    capital gain or loss. Capital gains of individuals derived in
    respect of capital assets held for more than one year are
    eligible for reduced rates of taxation. The deductibility of
    capital losses is subject to limitations.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Consequences
    to
    <FONT style="white-space: nowrap">Non-United</FONT>
    States Holders</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following is a summary of certain United States federal
    income and estate tax consequences that will apply to you if you
    are a
    <FONT style="white-space: nowrap">Non-United</FONT>
    States Holder of notes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">United
    States Federal Withholding Tax</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The 30% United States federal withholding tax will not apply to
    any payment of interest on the notes under the &#147;portfolio
    interest rule,&#148; provided that:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    interest paid on the notes is not effectively connected with
    your conduct of a trade or business in the United States;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    you do not actually (or constructively) own 10% or more of the
    total combined voting power of all classes of our voting stock
    within the meaning of the Code and applicable United States
    Treasury regulations;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    you are not a controlled foreign corporation that is related to
    us through stock ownership;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    you are not a bank whose receipt of interest on the notes is
    described in section&#160;881(c)(3)(A) of the Code;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    either (a)&#160;you provide your name and address on an Internal
    Revenue Service (&#147;IRS&#148;)
    <FONT style="white-space: nowrap">Form&#160;W-8BEN</FONT>
    (or other applicable form), and certify, under penalties of
    perjury, that you are not a United States person as defined
    under the Code or (b)&#160;you hold your notes through certain
    foreign intermediaries and satisfy the certification
    requirements of applicable United States Treasury regulations.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Special certification rules apply to
    <FONT style="white-space: nowrap">Non-United</FONT>
    States Holders that are pass-through entities rather than
    corporations or individuals.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you cannot satisfy the requirements described above, payments
    of interest made to you will be subject to the 30% United States
    federal withholding tax, unless you provide us with a properly
    executed:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    IRS
    <FONT style="white-space: nowrap">Form&#160;W-8BEN</FONT>
    (or other applicable form) claiming an exemption from or
    reduction in withholding under the benefit of an applicable
    income tax treaty;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    IRS
    <FONT style="white-space: nowrap">Form&#160;W-8ECI</FONT>
    (or other applicable form) stating that interest paid on the
    notes is not subject to withholding tax because it is
    effectively connected with your conduct of a trade or business
    in the United States (as discussed below under
    &#147;&#151;&#160;United States Federal Income Tax&#148;).
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The 30% United States federal withholding tax generally will not
    apply to payment of principal or any gain that you realize on
    the sale, exchange, redemption, retirement or other disposition
    of a note.
</DIV>
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    <BR>
    256
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">United
    States Federal Income Tax</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you are engaged in a trade or business in the United States
    and interest or premium on the notes is effectively connected
    with the conduct of that trade or business (and, if required by
    an applicable income tax treaty, is attributable to a United
    States permanent establishment), then you will be subject to
    United States federal income tax on that interest or premium on
    a net income basis (although you will be exempt from the 30%
    United States federal withholding tax, provided the
    certification requirements discussed above in
    &#147;&#151;&#160;United States Federal Withholding Tax&#148;
    are satisfied) generally in the same manner as if you were a
    United States person as defined under the Code. In addition, if
    you are a foreign corporation, you may be subject to a branch
    profits tax equal to 30% (or lower applicable income tax treaty
    rate) of such interest or premium, subject to adjustments.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any gain realized on the disposition of a note generally will
    not be subject to United States federal income tax unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the gain is effectively connected with your conduct of a trade
    or business in the United States (and, if required by an
    applicable income tax treaty, is attributable to a United States
    permanent establishment);&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    you are an individual who is present in the United States for
    183&#160;days or more in the taxable year of that disposition,
    and certain other conditions are met.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">United
    States Federal Estate Tax</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Your estate will not be subject to United States federal estate
    tax on notes beneficially owned by you at the time of your
    death, provided that any payment to you on the notes would be
    eligible for exemption from the 30% United States federal
    withholding tax under the &#147;portfolio interest rule&#148;
    described above under &#147;&#151;&#160;United States Federal
    Withholding Tax&#148; without regard to the statement
    requirement described in the fifth bullet point of that section.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Information
    Reporting and Backup Withholding</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">United
    States Holders</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In general, information reporting requirements will apply to
    certain payments of principal, interest and premium paid on
    notes and to the proceeds of sale of a note paid to you (unless
    you are an exempt recipient such as a corporation). A backup
    withholding tax may apply to such payments if you fail to
    provide a taxpayer identification number or a certification of
    exempt status, or if you fail to report in full dividend and
    interest income.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any amounts withheld under the backup withholding rules will be
    allowed as a refund or a credit against your United States
    federal income tax liability provided the required information
    is furnished in a timely manner to the IRS.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times"><FONT style="white-space: nowrap">Non-United</FONT>
    States Holders</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Generally, we must report to the IRS and to you the amount of
    interest paid to you and the amount of tax, if any, withheld
    with respect to those payments. Copies of the information
    returns reporting such interest payments and any withholding may
    also be made available to the tax authorities in the country in
    which you reside under the provisions of an applicable income
    tax treaty.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In general, you will not be subject to backup withholding with
    respect to payments on the notes that we make to you provided
    that we do not have actual knowledge or reason to know that you
    are a United States person as defined under the Code, and we
    have received from you the statement described above in the
    fifth bullet point under &#147;Consequences to
    <FONT style="white-space: nowrap">Non-United</FONT>
    States Holders&#160;&#151; United States Federal Withholding
    Tax.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Information reporting and, depending on the circumstances,
    backup withholding will apply to the proceeds of a sale
    (including retirement or redemption) of our notes within the
    United States or conducted
</DIV>
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    <BR>
    257
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    through certain United States-related financial intermediaries,
    unless you certify under penalties of perjury that you are not a
    United States person as defined under the Code (and the payor
    does not have actual knowledge or reason to know that you are a
    United States person as defined under the Code) or you otherwise
    establish an exemption.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any amounts withheld under the backup withholding rules will be
    allowed as a refund or a credit against your United States
    federal income tax liability provided the required information
    is furnished in a timely manner to the IRS.
</DIV>

<A name='118'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CERTAIN
    ERISA CONSIDERATIONS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following is a summary of certain considerations associated
    with the purchase and holding of the notes by employee benefit
    plans that are subject to Title&#160;I of the Employee
    Retirement Income Security Act of 1974, as amended
    (&#147;ERISA&#148;), plans, individual retirement accounts and
    other arrangements that are subject to Section&#160;4975 of the
    Internal Revenue Code of 1986, as amended (the &#147;Code&#148;)
    or provisions under any other federal, state, local,
    <FONT style="white-space: nowrap">non-U.S.&#160;or</FONT>
    other laws, rules or regulations that are similar to such
    provisions of ERISA or the Code (collectively, &#147;Similar
    Laws&#148;), and entities whose underlying assets are considered
    to include &#147;plan assets&#148; (within the meaning of ERISA)
    of any such plan, account or arrangement (each, a
    &#147;Plan&#148;).
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">General
    Fiduciary Matters</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ERISA and the Code impose certain duties on persons who are
    fiduciaries of a Plan subject to Title&#160;I of ERISA or
    Section&#160;4975 of the Code (an &#147;ERISA Plan&#148;) and
    prohibit certain transactions involving the assets of an ERISA
    Plan and its fiduciaries or other interested parties. Under
    ERISA and the Code, any person who exercises any discretionary
    authority or control over the administration of such an ERISA
    Plan or the management or disposition of the assets of such an
    ERISA Plan, or who renders investment advice for a fee or other
    compensation to such an ERISA Plan, is generally considered to
    be a fiduciary of the ERISA Plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In considering an investment in the notes of a portion of the
    assets of any Plan, a fiduciary should determine whether the
    investment is in accordance with the documents and instruments
    governing the Plan and the applicable provisions of ERISA, the
    Code or any Similar Law relating to a fiduciary&#146;s duties to
    the Plan including, without limitation, the prudence,
    diversification, delegation of control and prohibited
    transaction provisions of ERISA, the Code and any other
    applicable Similar Laws.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Prohibited
    Transaction Issues</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Section&#160;406 of ERISA and Section&#160;4975 of the Code
    prohibit ERISA Plans from engaging in specified transactions
    involving &#147;plan assets&#148; with persons or entities who
    are &#147;parties in interest,&#148; within the meaning of
    ERISA, or &#147;disqualified persons,&#148; within the meaning
    of Section&#160;4975 of the Code, unless an exemption is
    available. A party in interest or disqualified person who
    engaged in a non-exempt prohibited transaction may be subject to
    excise taxes and other penalties and liabilities under ERISA
    <FONT style="white-space: nowrap">and/or</FONT> the
    Code. In addition, the fiduciary of the ERISA Plan that engaged
    in such a non-exempt prohibited transaction may be subject to
    penalties and liabilities under ERISA and the Code. The
    acquisition
    <FONT style="white-space: nowrap">and/or</FONT>
    holding of notes by an ERISA Plan with respect to which we or
    any of the guarantors are considered a party in interest or
    disqualified person may constitute or result in a direct or
    indirect prohibited transaction under Section&#160;406 of ERISA
    <FONT style="white-space: nowrap">and/or</FONT>
    Section&#160;4975 of the Code, unless the investment is acquired
    and is held in accordance with an applicable statutory, class or
    individual prohibited transaction exemption. In this regard, the
    United States Department of Labor has issued prohibited
    transaction class exemptions (&#147;PTCEs&#148;) that may apply
    to the acquisition and holding of the notes. These class
    exemptions include, without limitation,
    <FONT style="white-space: nowrap">PTCE&#160;84-14,</FONT>
    respecting transactions determined by independent qualified
    professional asset managers,
    <FONT style="white-space: nowrap">PTCE&#160;90-1,</FONT>
    respecting insurance company pooled separate accounts, PTCE
    <FONT style="white-space: nowrap">91-38,</FONT>
    respecting bank collective investment funds,
    <FONT style="white-space: nowrap">PTCE&#160;95-60,</FONT>
    respecting life insurance company general accounts and
    <FONT style="white-space: nowrap">PTCE&#160;96-23,</FONT>
    respecting transactions determined by in-house asset managers.
    In addition, Section&#160;408(17) of ERISA and
    Section&#160;4975(d)(20) of the Code provide relief from the
    prohibited transaction provisions of ERISA and Section&#160;4975
    of the Code for certain transactions, provided that neither the
    issuer of the securities nor any of its affiliates (directly or
    indirectly) have or exercise
</DIV>
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    <BR>
    258
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    any discretionary authority or control or render any investment
    advice with respect to the assets of any ERISA Plan involved in
    the transaction and provided further that the ERISA Plan pays no
    more than adequate consideration in connection with the
    transaction. There can be no assurance that all of the
    conditions of any such exemptions will be satisfied.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Because of the foregoing, the notes should not be purchased or
    held by any person investing &#147;plan assets&#148; of any
    Plan, unless such purchase and holding will not constitute a
    non-exempt prohibited transaction under ERISA and the Code or
    similar violation of any applicable Similar Laws.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Representation</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Accordingly, by acceptance of a note, each purchaser and
    subsequent transferee will be deemed to have represented and
    warranted that either (i)&#160;no portion of the assets used by
    such purchaser or transferee to acquire or hold the notes
    constitutes assets of any Plan or (ii)&#160;the purchase and
    holding of the notes by such purchaser or transferee will not
    constitute a non-exempt prohibited transaction under
    Section&#160;406 of ERISA or Section&#160;4975 of the Code or
    any similar violation under any applicable Similar Laws.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The foregoing discussion is general in nature and is not
    intended to be all-inclusive. Due to the complexity of these
    rules and the penalties that may be imposed upon persons
    involved in non-exempt prohibited transactions, it is
    particularly important that fiduciaries or other persons
    considering purchasing the notes (and holding or disposing the
    notes) on behalf of, or with the assets of, any Plan, consult
    with their counsel regarding the potential applicability of
    ERISA, Section&#160;4975 of the Code and any Similar Laws to
    such transactions and whether an exemption would be applicable
    to the purchase, holding and disposition of the notes.
</DIV>

<A name='119'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PLAN OF
    DISTRIBUTION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This prospectus is to be used by Goldman, Sachs&#160;&#038; Co.
    in connection with offers and sales of the notes in
    market-making transactions effected from time to time. Goldman,
    Sachs&#160;&#038; Co. may act as principal or agent in such
    transactions, including as agent for the counterparty when
    acting as principal or as agent for both counterparties, and may
    receive compensation in the form of discounts and commissions,
    including from both counterparties, when it acts as agents for
    both. Such sales will be made at prevailing market prices at the
    time of sale, at prices related thereto or at negotiated prices.
    We will not receive any of the proceeds from such sales.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Private equity funds managed by Goldman, Sachs&#160;&#038; Co.
    own approximately 11% of our common stock. See &#147;Security
    Ownership of Certain Beneficial Owners.&#148; Sanjeev K. Mehra,
    one of our directors, is a managing director of Goldman,
    Sachs&#160;&#038; Co.&#146;s Principal Investment Area and a
    member of its Investment Committee. Goldman, Sachs&#160;&#038;
    Co. acted as an initial purchaser in connection with the
    original issuance and sale of the notes on August&#160;11, 2005
    and September&#160;29, 2008 and received customary fees. In
    addition, Goldman Sachs Credit Partners L.P., an affiliate of
    Goldman, Sachs&#160;&#038; Co., is a lender under our senior
    secured credit facilities. Goldman, Sachs&#160;&#038; Co. or
    their affiliates have in the past engaged, and may in the future
    engage, in transactions with and perform services for, including
    commercial banking, financial advisory and investment banking
    services, us and our affiliates in the ordinary course of
    business; and for which they have received customary fees and
    expenses.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have been advised by Goldman, Sachs&#160;&#038; Co. that,
    subject to applicable laws and regulations, they currently
    intend to make a market in the notes. However, Goldman,
    Sachs&#160;&#038; Co. is not obligated to do so, and any such
    market-making may be interrupted or discontinued at any time
    without notice.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to registration rights agreements entered into between
    us and Goldman, Sachs&#160;&#038; Co., we have agreed to
    indemnify Goldman, Sachs&#160;&#038; Co. against certain
    liabilities, including liabilities under the Securities Act.
</DIV>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    259
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='120'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">LEGAL
    MATTERS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The validity and enforceability of the notes and the related
    guarantees have been passed upon for us by Simpson
    Thacher&#160;&#038; Bartlett LLP, New York, New York. An
    investment vehicle comprised of several partners of Simpson
    Thacher&#160;&#038; Bartlett LLP, members of their families,
    related persons and others own interests representing less than
    1% of the capital commitments of funds affiliated with three of
    the Sponsors, Blackstone, KKR and Silver Lake.
</DIV>

<A name='121'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">EXPERTS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The financial statements as of December&#160;31, 2009 and 2008
    and for each of the three years in the period ended
    December&#160;31, 2009 included in this Prospectus have been so
    included in reliance on the report of PricewaterhouseCoopers
    LLP, an independent registered public accounting firm, given on
    the authority of said firm as experts in auditing and accounting.
</DIV>

<A name='122'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">WHERE YOU
    CAN FIND MORE INFORMATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We and our guarantor subsidiaries have filed with the SEC a
    registration statement on
    <FONT style="white-space: nowrap">Form&#160;S-1</FONT>
    under the Securities Act with respect to the notes being offered
    hereby. This prospectus, which forms a part of the registration
    statement, does not contain all of the information set forth in
    the registration statement. For further information with respect
    to us, our guarantor subsidiaries and the notes, reference is
    made to the registration statement. Statements contained in this
    prospectus as to the contents of any contract or other document
    are not necessarily complete. We and our guarantor subsidiaries
    are subject to the informational requirements of the Exchange
    Act, and, in accordance therewith, file reports and other
    information with the SEC. The registration statement, such
    reports and other information can be inspected and copied at the
    Public Reference Room of the SEC located at Room&#160;1580,
    100&#160;F&#160;Street, N.E., Washington D.C. 20549. Copies of
    such materials, including copies of all or any portion of the
    registration statement, can be obtained from the Public
    Reference Room of the SEC at prescribed rates. You can call the
    SEC at
    <FONT style="white-space: nowrap">1-800-SEC-0330</FONT>
    to obtain information on the operation of the Public Reference
    Room. Such materials may also be accessed electronically by
    means of the SEC&#146;s home page on the Internet
    <FONT style="white-space: nowrap">(http://www.sec.gov).</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    So long as we and our guarantor subsidiaries are subject to the
    periodic reporting requirements of the Exchange Act, we and our
    guarantor subsidiaries are required to furnish the information
    required to be filed with the SEC to the trustee and the holders
    of the notes. We and our guarantor subsidiaries have agreed
    that, even if we and our guarantor subsidiaries are not required
    under the Exchange Act to furnish such information to the SEC,
    we will nonetheless continue to furnish information that would
    be required to be furnished by us and our guarantor subsidiaries
    by Section&#160;13 of the Exchange Act, including a
    &#147;Management&#146;s Discussion and Analysis of Financial
    Condition and Results of Operations&#148; and, with respect to
    the annual information only, a report thereon by our certified
    independent accountants to the trustee and the holders of the
    notes as if we were subject to such periodic reporting
    requirements.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    260
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SunGard
    Data Systems Inc.</FONT></B>
</DIV>

<A name='123'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Index to
    Consolidated Financial Statements</FONT></B>
</DIV>
</A>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="96%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadright -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<!-- TableOutputBody -->
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <I>Annual Financial Statements</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#301'>Report of Independent Registered Public
    Accounting Firm</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-2
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#310'>Consolidated Balance Sheets as of
    December&#160;31, 2008 and 2009</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-3
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#311'>Consolidated Statements of Operations for the
    Years Ended December&#160;31, 2007, 2008 and 2009</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-4
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#312'>Consolidated Statements of Cash Flows for the
    Years Ended December&#160;31, 2007, 2008 and 2009</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-5
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#313'>Consolidated Statement of Changes in
    Stockholder&#146;s Equity for the Years Ended December&#160;31,
    2007, 2008 and 2009</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-6
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#314'>Notes to Consolidated Financial Statements</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-7
</TD>
<TD>&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-1
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='301'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Report of
    Independent Registered Public Accounting Firm</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To the Board of Directors and Stockholder of SunGard Data
    Systems Inc.:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In our opinion, the accompanying consolidated balance sheets and
    the related consolidated statements of operations, of changes in
    stockholder&#146;s equity and of cash flows present fairly, in
    all material respects, the financial position of SunGard Data
    Systems Inc. and its subsidiaries (&#147;SDS&#148;) at
    December&#160;31, 2009 and 2008, and the results of its
    operations and its cash flows for each of the three years in the
    period ended December&#160;31, 2009 in conformity with
    accounting principles generally accepted in the United States of
    America. These financial statements are the responsibility of
    SDS&#146;s management. Our responsibility is to express an
    opinion on these financial statements based on our audits. We
    conducted our audits of these statements in accordance with the
    standards of the Public Company Accounting Oversight Board
    (United States). Those standards require that we plan and
    perform the audit to obtain reasonable assurance about whether
    the financial statements are free of material misstatement. An
    audit includes examining, on a test basis, evidence supporting
    the amounts and disclosures in the financial statements,
    assessing the accounting principles used and significant
    estimates made by management, and evaluating the overall
    financial statement presentation. We believe that our audits
    provide a reasonable basis for our opinion.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    /s/&#160;&#160;PricewaterhouseCoopers LLP
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Philadelphia, Pennsylvania
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    March 24, 2010
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-2
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='310'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SunGard
    Data Systems Inc.<BR>
    <!-- XBRL,bs --> <BR>
    Consolidated Balance Sheets</FONT></B>
</DIV>
<!-- XBRL,body -->
</A>

<DIV style="margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="76%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    December&#160;31,<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2008
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom">
    <I>(In millions except share and per-share amounts)</I>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD colspan="9" align="center" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>ASSETS</B>
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Current:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    975
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>664</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Trade receivables, less allowance for doubtful accounts of $15
    and $49
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    701
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>955</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Earned but unbilled receivables
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    81
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>181</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Prepaid expenses and other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    122
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>189</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Clearing broker assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    309
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>332</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Retained interest in accounts receivable sold
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    285
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Deferred income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>22</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,495
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2,343</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Property and equipment, less accumulated depreciation of $689
    and $936
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    898
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>925</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Software products, less accumulated amortization of $793 and
    $1,091
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,159
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,020</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Customer base, less accumulated amortization of $668 and $954
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,616
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2,294</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Other intangible assets, less accumulated amortization of $29
    and $24
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    207
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>195</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Trade name, less accumulated amortization of $4 and $10
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,075
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,025</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Goodwill
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,328
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>6,178</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total Assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    15,778
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>13,980</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD colspan="9">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="9" align="center" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>LIABILITIES AND STOCKHOLDER&#146;S EQUITY</B>
</DIV>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Current:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Short-term and current portion of long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    322
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>64</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Accounts payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    87
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>72</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Accrued compensation and benefits
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    314
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>319</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Accrued interest expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    159
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>146</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Other accrued expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    401
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>413</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Clearing broker liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    310
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>294</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Deferred revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    977
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,040</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total current liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,570
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2,348</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,553
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>8,251</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,592
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,314</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,715
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>11,913</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Commitments and contingencies
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Stockholder&#146;s equity:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Common stock, par value $.01 per share; 100&#160;shares
    authorized, issued and oustanding
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Capital in excess of par value
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3,755</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Accumulated deficit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (449
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,567</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Accumulated other comprehensive income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (219
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(121</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total stockholder&#146;s equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,063
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2,067</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 40pt">
    Total Liabilities and Stockholder&#146;s Equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    15,778
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>13,980</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The accompanying notes are an integral part of these
    consolidated financial statements.
</DIV>
<!-- /XBRL,bs -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-3
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='311'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SunGard
    Data Systems Inc.<BR>
    <!-- XBRL,op --> <BR>
    Consolidated Statements of Operations</FONT></B>
</DIV>
<!-- XBRL,body -->
</A>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="76%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Year Ended December&#160;31,
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2007
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2008
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom">
    <I>(In millions)</I>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Revenue:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Services
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,364
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,083
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>4,961</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    License and resale fees
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    396
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    369
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>384</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total products and services
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,760
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,452
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5,345</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Reimbursed expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    141
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    144
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>163</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,901
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,596
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5,508</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Costs and expenses:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cost of sales and direct operating
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,268
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,744
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2,709</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Sales, marketing and administration
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,042
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,151
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,112</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Product development
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    271
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    308
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>302</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Depreciation and amortization
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    251
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    278
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>291</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Amortization of acquisition-related intangible assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    438
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    515
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>540</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Goodwill impairment charge and merger costs
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    130
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,130</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,270
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,126
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>6,084</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income (loss) from operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    631
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    470
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(576</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Interest income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>7</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Interest expense and amortization of deferred financing fees
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (645
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (599
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(637</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Other income (expense)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (68
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (93
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>15</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Loss before income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (63
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (204
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,191</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Benefit from (provision for) income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (38
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>73</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net loss
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (60
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (242
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,118</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The accompanying notes are an integral part of these
    consolidated financial statements.
</DIV>
<!-- /XBRL,op -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-4
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='312'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SunGard
    Data Systems Inc.<BR>
    <!-- XBRL,cf --> <BR>
    Consolidated Statements of Cash Flows</FONT></B>
</DIV>
<!-- XBRL,body -->
</A>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="79%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Year Ended December&#160;31,
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2007
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2008
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom">
    <I>(In millions)</I>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <I>Cash flow from operations:</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Net loss
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (60
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (242
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,118</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Reconciliation of net loss to cash flow from operations:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Depreciation and amortization
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    689
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    793
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>831</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Goodwill impairment charge
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    128
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,126</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Deferred income tax benefit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (120
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (108
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(170</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Stock compensation expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    32
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    35
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>33</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Amortization of deferred financing costs and debt discount
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    46
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    37
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>42</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Other noncash items
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(14</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Accounts receivable and other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (20
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (341
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(63</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Accounts payable and accrued expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    71
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (28
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(56</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Clearing broker assets and liabilities, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    36
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(39</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Deferred revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    40
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    25
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>67</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Cash flow from operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    701
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    385
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>639</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <I>Investment activities:</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Cash paid for acquired businesses, net of cash acquired
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (265
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (721
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(13</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Cash paid for property and equipment and software
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (307
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (392
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(327</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Other investing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>7</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Cash used in investment activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (564
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,109
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(333</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <I>Financing activities:</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Cash received from other borrowings, net of fees
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    591
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,444
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>202</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Cash used to repay debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (623
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (119
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(827</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Other financing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (22
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(3</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Cash provided by (used in) financing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (32
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,303
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(628</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Effect of exchange rate changes on cash
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (31
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>11</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Increase (decrease) in cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    111
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    548
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(311</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Beginning cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    316
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    427
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>975</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Ending cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    427
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    975
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>664</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <I>Supplemental information:</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Interest paid
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    643
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    550
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>596</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Income taxes paid, net of refunds
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    62
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    134
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>135</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Acquired businesses:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Property and equipment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    40
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Software products
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    68
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    133
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>10</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Customer base
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    92
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    215
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Goodwill
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    166
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    613
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Other intangible assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    67
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Deferred income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (49
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (123
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Purchase price obligations and debt assumed
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (41
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (75
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Net current liabilities assumed
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (22
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (123
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(2</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Cash paid for acquired businesses, net of cash acquired of $22,
    $78 and $1, respectively
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    265
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    721
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>13</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The accompanying notes are an integral part of these
    consolidated financial statements.
</DIV>
<!-- /XBRL,cf -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-5
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='313'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SunGard
    Data Systems Inc.<BR>
    <!-- XBRL,se --> <BR>
    Consolidated Statement of Changes in Stockholder&#146;s
    Equity</FONT></B>
</DIV>
</A>
<!-- XBRL,body -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="51%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Accumulated Other Comprehensive Income (Loss)
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Common Stock
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Capital <BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Retained <BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Net Unrealized <BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Number <BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    in Excess<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Earnings<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Foreign <BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Gain (Loss) on<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    of Shares<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Par <BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    of Par <BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    (Accumulated<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Currency<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Derivative<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
&nbsp;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    issued
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Value
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Value
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Deficit)
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Translation
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Instruments
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Total
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="26" align="center" valign="bottom">
    <I>(In millions)</I>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Balances at December&#160;31, 2006
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,664
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (147
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    55
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,574
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Comprehensive loss:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Net loss
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (60
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (60
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Foreign currency translation
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    35
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    35
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Net unrealized loss on derivative instruments (net of tax
    benefit of $15)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (23
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (23
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total comprehensive loss
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (48
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Stock compensation expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    32
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    32
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Other
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Balances at December&#160;31, 2007
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,694
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (207
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    90
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (21
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,556
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Comprehensive loss:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Net loss
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (242
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (242
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Foreign currency translation
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (249
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (249
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Net unrealized loss on derivative instruments (net of tax
    benefit of $25)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (39
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (39
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total comprehensive loss
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (530
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Stock compensation expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    35
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    35
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Other
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Balances at December&#160;31, 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (449
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (159
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (60
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,063
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Comprehensive loss:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    <B>Net loss</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,118</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,118</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    <B>Foreign currency translation</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>80</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>80</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    <B>Net unrealized gain on derivative instruments (net of tax
    provision of $11)</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>18</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>18</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total comprehensive loss</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,020</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Stock compensation expense</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>33</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>33</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Other</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(9</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(9</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Balances at December&#160;31, 2009</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3,755</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,567</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(79</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(42</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2,067</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The accompanying notes are an integral part of these
    consolidated financial statements.
</DIV>
<!-- /XBRL,se -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-6
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<!-- XBRL,ns -->
<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SunGard
    Data Systems Inc.<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">


    <A name='314'><B><FONT style="font-family: 'Times New Roman', Times">Notes
    to Consolidated Financial Statements</FONT></B></A>
</DIV>
</A>
<!-- XBRL,n -->
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

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    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">1.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Basis of
    Presentation and Summary of Significant Accounting
    Policies:</FONT></B>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SunGard Data Systems Inc. (&#147;SunGard&#148; or the
    &#147;Company&#148;) was acquired on August&#160;11, 2005 (the
    &#147;Transaction&#148;) in a leveraged buy-out by a consortium
    of private equity investment funds associated with Bain Capital
    Partners, The Blackstone Group, Goldman Sachs&#160;&#038; Co.,
    Kohlberg Kravis Roberts&#160;&#038; Co., Providence Equity
    Partners, Silver Lake and TPG (collectively, the
    &#147;Sponsors&#148;).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SunGard is a wholly owned subsidiary of SunGard Holdco LLC,
    which is wholly owned by SunGard Holding Corp., which is wholly
    owned by SunGard Capital Corp. II (&#147;SCCII&#148;), which is
    a subsidiary of SunGard Capital Corp. (&#147;SCC&#148;). SCC and
    SCCII are collectively referred to as the &#147;Parent
    Companies.&#148; All four of these companies were formed in 2005
    for the purpose of facilitating the Transaction and are
    collectively referred to as the &#147;Holding Companies.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Holding Companies have no other operations beyond those of
    their ownership of SunGard. SunGard is one of the world&#146;s
    leading software and technology services companies and has four
    segments: Financial Systems (&#147;FS&#148;), Higher Education
    (&#147;HE&#148;), Public Sector (&#147;PS&#148;) and
    Availability Services (&#147;AS&#148;). The consolidated
    financial statements include the accounts of the Company and its
    majority-owned subsidiaries. All significant intercompany
    transactions and accounts have been eliminated.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Estimates</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The preparation of consolidated financial statements in
    conformity with accounting principles generally accepted in the
    United States of America requires management to make many
    estimates and judgments that affect the reported amounts of
    assets, liabilities, revenue and expenses. The Company evaluates
    its estimates and judgments on an ongoing basis and revises them
    when necessary. Actual results may differ from the original or
    revised estimates.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Revenue
    Recognition</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following criteria must be met in determining whether
    revenue may be recorded: persuasive evidence of a contract
    exists; services have been provided; the price is fixed or
    determinable; and collection is reasonably assured.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company generates services revenue from availability
    services, processing services, software maintenance and rentals,
    professional services and broker/dealer fees. Services revenue
    is recorded as the services are provided based on the fair value
    of each element which is based on the sales price of each
    element when sold separately. Most AS services revenue consists
    of fixed monthly fees based upon the specific computer
    configuration or business process for which the service is being
    provided, and the related costs are incurred ratably over the
    contract period. When recovering from an interruption, customers
    generally are contractually obligated to pay additional fees,
    which typically cover the incremental costs of supporting
    customers during recoveries. FS services revenue includes
    monthly fees, which may include a fixed minimum fee
    <FONT style="white-space: nowrap">and/or</FONT>
    variable fees based on a measure of volume or activity, such as
    the number of accounts, trades or transactions, users or the
    number of hours of service.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For fixed-fee professional services contracts, services revenue
    is recorded based upon proportional performance, measured by the
    actual number of hours incurred divided by the total estimated
    number of hours for the project. When contracts include both
    professional services and software and there are significant
    program modifications or customization, installation, systems
    integration or related services, the professional services and
    license revenue is combined and recorded based upon the
    estimated percentage of completion, measured in the manner
    described above. Changes in the estimated costs or hours to
    complete the contract and losses, if any, are reflected in the
    period during which the change or loss becomes known.
</DIV>
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    <BR>
    F-7
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    License fees result from contracts that permit the customer to
    use a SunGard software product at the customer&#146;s site.
    Generally, these contracts are multiple-element arrangements
    since they usually provide for professional services and ongoing
    software maintenance. In these instances, license fees are
    recognized upon the signing of the contract and delivery of the
    software if the license fee is fixed or determinable, collection
    is probable, and there is sufficient vendor specific evidence of
    the fair value of each undelivered element. Revenue is recorded
    when billed when customer payments are extended beyond normal
    billing terms, or at acceptance when there is significant
    acceptance, technology or service risk. Revenue also is recorded
    over the longest service period in those instances where the
    software is bundled together with post-delivery services and
    there is not sufficient evidence of the fair value of each
    undelivered service element.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Sufficient evidence of fair value is determined by reference to
    applicable accounting standards and is defined as vendor
    specific objective evidence (&#147;VSOE&#148;). If there is no
    VSOE of the fair value of the delivered element (which is
    usually the software) but there is VSOE of the fair value of
    each of the undelivered elements (which are usually maintenance
    and professional services), then the residual method is used to
    determine the revenue for the delivered element. The revenue for
    each of the undelivered elements is set at the fair value of
    those elements using VSOE of the price paid when each of the
    undelivered elements is sold separately. The revenue remaining
    after allocation to the undelivered elements (i.e., the
    residual) is allocated to the delivered element.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    VSOE supporting the fair value of maintenance is based on the
    optional renewal rates for each product and is typically 18% to
    20% of the software license fee per year. VSOE supporting the
    fair value of professional services is based on the standard
    daily rates charged when those services are sold separately.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In some multiple-element arrangements that include software
    licenses and services, the services rates are discounted. In
    these cases, a portion of the software license fee is deferred
    and recognized as the services are performed based on VSOE of
    the services.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unbilled receivables are created when services are performed or
    software is delivered and revenue is recognized in advance of
    billings. Deferred revenue is created when billing occurs in
    advance of performing services or when all revenue recognition
    criteria have not been met.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Cash and
    Cash Equivalents</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Cash and cash equivalents consist of investments that are
    readily convertible into cash and have original maturities of
    three months or less.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Concentration
    of Credit Risk</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Financial instruments that potentially subject the Company to
    concentrations of credit risk consist primarily of accounts
    receivable. The Company sells a significant portion of its
    products and services to the financial services industry and
    could be affected by the overall condition of that industry. The
    Company believes that any credit risk associated with accounts
    receivable is substantially mitigated by the relatively large
    number of customer accounts and reasonably short collection
    terms. Accounts receivable are stated at estimated net
    realizable value, which approximates fair value. By policy, the
    Company places its available cash and short-term investments
    with institutions of high credit-quality and limits the amount
    of credit exposure to any one issuer.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Foreign
    Currency Translation</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The functional currency of each of the Company&#146;s foreign
    operations is generally the local currency of the country in
    which the operation is located. All assets and liabilities are
    translated into U.S.&#160;dollars using exchange rates in effect
    at the balance sheet date. Revenue and expenses are translated
    using average exchange rates during the period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Increases and decreases in net assets resulting from foreign
    currency translation are reflected in stockholder&#146;s equity
    as a component of accumulated other comprehensive income (loss).
</DIV>
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    <BR>
    F-8
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Property
    and Equipment</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Property and equipment are recorded at cost and depreciated on
    the straight-line method over the estimated useful lives of the
    assets (three to eight years for equipment and 10 to
    40&#160;years for buildings and improvements). Leasehold
    improvements are amortized ratably over their remaining lease
    term or useful life, if shorter. Depreciation and amortization
    of property and equipment was $219&#160;million in 2007,
    $240&#160;million in 2008 and $245&#160;million in 2009.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Software
    Products</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Software development costs are expensed as incurred and consist
    primarily of design and development costs of new products and
    significant enhancements to existing products incurred before
    the establishment of technological feasibility. Recoverable
    costs incurred subsequent to technological feasibility of new
    products and enhancements to existing products as well as costs
    associated with purchased software and software obtained through
    business acquisitions are capitalized and amortized over the
    estimated useful lives of the related products, generally three
    to 11 years (average life is eight years), using the
    straight-line method or the ratio of current revenue to current
    and anticipated revenue from such software, whichever provides
    the greater amortization. Amortization of all software products,
    including software acquired in business acquisitions and
    software purchased for internal use, aggregated
    $246&#160;million in 2007, $267&#160;million in 2008 and
    $295&#160;million in 2009. Capitalized development costs were
    $26&#160;million in 2007, $17&#160;million in 2008 and
    $16&#160;million in 2009.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Purchase
    Accounting and Intangible Assets</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Purchase accounting requires that all assets and liabilities be
    recorded at fair value on the acquisition date, including
    identifiable intangible assets separate from goodwill.
    Identifiable intangible assets include customer base (which
    includes customer contracts and relationships), software and
    trade name. Goodwill represents the excess of cost over the fair
    value of net assets acquired.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The estimated fair values and useful lives of identifiable
    intangible assets are based on many factors, including estimates
    and assumptions of future operating performance and cash flows
    of the acquired business, the nature of the business acquired,
    the specific characteristics of the identified intangible
    assets, and our historical experience and that of the acquired
    business. The estimates and assumptions used to determine the
    fair values and useful lives of identified intangible assets
    could change due to numerous factors, including product demand,
    market conditions, technological developments, economic
    conditions and competition. In connection with our determination
    of fair values for the Transaction and for other significant
    acquisitions, we engage independent appraisal firms to assist us
    with the valuation of intangible and certain tangible assets
    acquired and certain assumed obligations.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Customer
    Base Intangible Assets</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Customer base intangible assets represent customer contracts and
    relationships obtained as a result of the Transaction and as
    part of acquired businesses and are amortized using the
    straight-line method over their estimated useful lives, ranging
    from three to 19&#160;years (average life is 13&#160;years).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Effective January&#160;1, 2009, the Company shortened the
    remaining useful lives of certain intangible assets to reflect
    revisions to estimated customer attrition rates. The impact of
    this revision was an increase in amortization of
    acquisition-related intangible assets of approximately
    $36&#160;million in 2009.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Other
    Intangible Assets</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Other intangible assets consist primarily of deferred financing
    costs incurred in connection with debt issued in the Transaction
    and amendments to our debt and other financing transactions (see
    Note&#160;5), noncompetition agreements obtained in business
    acquisitions, long-term accounts receivable, prepayments and
    long-term investments. Deferred financing costs are amortized
    over the term of the related debt.
</DIV>
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    <BR>
    F-9
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Noncompetition agreements are amortized using the straight-line
    method over their stated terms, ranging from two to five years.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Impairment
    Reviews for Long-Lived Assets</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company periodically reviews carrying values and useful
    lives of long-lived assets for impairment whenever events or
    changes in circumstances indicate that the carrying value of the
    asset may not be recoverable. Factors that could indicate an
    impairment include significant underperformance of the asset as
    compared to historical or projected future operating results, or
    significant negative industry or economic trends. When the
    Company determines that the carrying value of an asset may not
    be recoverable, the related estimated future undiscounted cash
    flows expected to result from the use and eventual disposition
    of the asset are compared to the carrying value of the asset. If
    the sum of the estimated future undiscounted cash flows is less
    than the carrying amount, an impairment charge is recorded based
    on the difference between the carrying value of the asset and
    its fair value, which the Company estimates based on discounted
    expected future cash flows. In determining whether an asset is
    impaired, the Company makes assumptions regarding recoverability
    of costs, estimated future cash flows from the asset, intended
    use of the asset and other relevant factors. If these estimates
    or their related assumptions change, impairment charges for
    these assets may be required.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Future
    Amortization of Acquisition-Related Intangible Assets</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Based on amounts recorded at December&#160;31, 2009, total
    expected amortization of all acquisition-related intangible
    assets in each of the years ended December 31 follows (in
    millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="95%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
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</TR>
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<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2010
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    494
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2011
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    466
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2012
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    416
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2013
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    362
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2014
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    297
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Trade
    Name and Goodwill</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The trade name intangible asset primarily represents the fair
    value of the SunGard trade name at August&#160;11, 2005 and is
    an indefinite-lived asset and therefore is not subject to
    amortization but is reviewed at least annually for impairment.
    Other trade names are amortized over their estimated useful
    lives. Goodwill represents the excess of cost over the fair
    value of net assets acquired. Generally accepted accounting
    principles require the Company to perform an impairment test, a
    two-step test, annually and more frequently when negative
    conditions or a triggering event arise. The Company completes
    its annual goodwill impairment test as of July&#160;1. In step
    one, the estimated fair value of each reporting unit is compared
    to its carrying value. If there is a deficiency (the estimated
    fair value is less than the carrying value), a step two test is
    required. In step two, the amount of any goodwill impairment is
    calculated by comparing the implied fair value of the reporting
    unit&#146;s goodwill to the carrying value of goodwill, with the
    resulting impairment reflected in operations. The implied fair
    value is determined in the same manner as the amount of goodwill
    recognized in a business combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Estimating the fair value of a reporting unit requires various
    assumptions including the use of projections of future cash
    flows and discount rates that reflect the risks associated with
    achieving those cash flows. The assumptions about future cash
    flows and growth rates are based on management&#146;s assessment
    of a number of factors including the reporting unit&#146;s
    recent performance against budget as well as performance in the
    market that the reporting unit serves. Discount rate assumptions
    are based on an assessment of the risk inherent in those future
    cash flows. Changes to the underlying businesses could affect
    the future cash flows, which in turn could affect the fair value
    of the reporting unit.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Based on an evaluation of 2009 year-end results and a reduction
    in the revenue growth outlook for the AS business, the Company
    concluded that AS had experienced a triggering event in its
    North American reporting unit (AS NA), one of two reporting
    units identified in the July 1 annual impairment test where the
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-10
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    excess of the estimated fair value over the carrying value was
    less than 10%. None of the other reporting units experienced a
    triggering event. The Company first evaluated AS NA&#146;s
    long-lived assets, primarily the customer base and property and
    equipment, for impairment. In performing the impairment tests
    for the long-lived assets, the Company estimated the
    undiscounted cash flows over the remaining useful lives of the
    customer base and compared the results to the carrying value of
    the asset groups. There was no impairment of the long-lived
    assets.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Next, in performing the goodwill impairment test, the Company
    estimated the fair value of AS NA by a combination of
    (i)&#160;estimation of the discounted cash flows based on
    projected earnings using a discount factor that reflects the
    risk inherent in the projected cash flows (the income approach)
    and (ii)&#160;analysis of comparable companies&#146; market
    multiples (the market approach). The projected cash flows of the
    business were lower based on management&#146;s evaluation of
    year-end results and lower growth rates than those used in the
    July 1 impairment test. The projections reflect estimated growth
    rates in the recovery and managed services businesses within AS
    NA, the impact of continued investment in products, cost savings
    initiatives and capital spending assumptions associated with the
    growth in these businesses. The Company used the same
    risk-adjusted discount rate in the December 31 test as was used
    in the July 1 test. As a result, the Company determined that the
    carrying value of AS NA was in excess of its fair value. In
    completing the step two test to determine the implied fair value
    of AS NA&#146;s goodwill and therefore the amount of impairment,
    management first determined the fair value of the tangible and
    intangible assets and liabilities with the assistance of an
    external valuation firm. Based on the testing performed, the
    Company determined that the carrying value of AS NA&#146;s
    goodwill exceeded its implied fair value by $1.13&#160;billion
    and recorded a goodwill impairment charge for this amount. The
    total remaining goodwill balance at December&#160;31, 2009 is
    $6.18&#160;billion.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After consideration of the AS NA impairment, the Company has two
    reporting units, including AS NA, whose goodwill balances total
    $1.13 billion at December&#160;31, 2009, where the excess of the
    estimated fair value over the carrying value of the reporting
    unit was less than 10%. A one percentage point decrease in the
    perpetual growth rate or a one percentage point increase in the
    discount rate would cause these two reporting units to fail the
    step one test and require a step two analysis, and some or all
    of this goodwill could be impaired.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a result of the change in the economic environment in the
    second half of 2008 and completion of the annual budgeting
    process for 2009, the Company completed an assessment of the
    recoverability of its goodwill in December 2008. In completing
    this review, the Company considered a number of factors,
    including a comparison of the budgeted revenue and profitability
    for 2009 to that included in the annual impairment test
    conducted as of July&#160;1, 2008, and the amount by which the
    fair value of each reporting unit exceeded its carrying value in
    the 2008 impairment analysis, as well as qualitative factors
    such as the overall economy&#146;s effect on each reporting
    unit. Based on that review, the Company concluded that the
    entire enterprise did not experience a triggering event that
    would require an impairment analysis of all of the
    Company&#146;s reporting units, but that one of the PS reporting
    units required a step two test. Based on this step two test, the
    Company concluded that the decline in expected future cash flows
    of the PS reporting unit was sufficient to result in an
    impairment of goodwill of $128&#160;million.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-11
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table summarizes changes in goodwill by segment
    (in millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="43%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=09 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=09 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=09 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=09 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=10 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=10 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=10 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=10 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=11 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=11 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=11 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=11 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Cost
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Accumulated Impairment
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    FS
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    HE
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    PS
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    AS
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Subtotal
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    PS
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    AS
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Subtotal
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Total
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Balance at December&#160;31, 2007
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,942
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    971
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    911
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,262
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7,086
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7,086
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    2008 acquisitions
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    561
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    67
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    628
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    628
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Adjustments related to the Transaction and prior year
    acquisitions
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (45
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (6
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (15
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (69
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (69
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Impairment charges
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (128
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (128
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (128
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Effect of foreign currency translation
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (27
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (95
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (67
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (189
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (189
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Balance at December&#160;31, 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,431
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    965
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    813
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,247
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,456
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (128
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (128
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,328
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    <B>2009 acquisitions</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    <B>Adjustments related to the Transaction and prior year
    acquisitions</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(9</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(15</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(14</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(53</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(91</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(91</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    <B>Impairment charges</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,126</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,126</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,126</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    <B>Effect of foreign currency translation</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>33</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>15</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>17</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>65</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>65</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Balance at December&#160;31, 2009</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3,457</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>950</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>814</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2,211</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>7,432</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(128</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,126</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,254</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>6,178</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The 2009 adjustments related to the Transaction and prior year
    acquisitions includes a $114&#160;million adjustment to correct
    the income tax rate used to calculate the deferred tax
    liabilities associated with the intangible assets at the
    Transaction date. The adjustment was not material to prior
    periods.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Stock
    Compensation</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Stock-based compensation cost is measured at the grant date
    based on the fair value of the award and is recognized as
    expense over the appropriate service period. Fair value for
    stock options is computed using the Black-Scholes pricing model.
    Determining the fair value of stock-based awards requires
    considerable judgment, including estimating the expected term of
    stock options, expected volatility of the Company&#146;s stock
    price, and the number of awards expected to be forfeited. In
    addition, for stock-based awards where vesting is dependent upon
    achieving certain operating performance goals, the Company
    estimates the likelihood of achieving the performance goals.
    Differences between actual results and these estimates could
    have a material effect on the consolidated financial results. A
    deferred income tax asset is recorded over the vesting period as
    stock compensation expense is recorded. The Company&#146;s
    ability to use the deferred tax asset is ultimately based on the
    actual value of the stock-based award upon exercise. If the
    actual value is lower than the fair value determined on the date
    of grant, there could be an income tax expense for the portion
    of the deferred tax asset that cannot be used, which could have
    a material effect on the consolidated financial results.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Income
    Taxes</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company recognizes deferred income tax assets and
    liabilities based upon the expected future tax consequences of
    events that have been included in the financial statements or
    tax returns. Deferred income tax assets and liabilities are
    calculated based on the difference between the financial and tax
    bases of assets and liabilities using the currently enacted
    income tax rates in effect during the years in which the
    differences are expected to reverse. Valuation allowances are
    recorded to reduce deferred tax assets when it is more likely
    than not that a tax benefit will not be realized. Deferred tax
    assets for which no valuation allowance is recorded may not be
    realized upon changes in facts and circumstances. Tax benefits
    related to uncertain tax positions taken or expected to be taken
    on a tax return are recorded when such benefits meet a more
    likely than not threshold. Otherwise, these tax benefits are
    recorded when a tax position has been effectively settled, which
    means that the appropriate taxing authority has completed their
    examination even though the statute of limitations remains open,
    or the statute of limitation expires. Considerable judgment is
    required in assessing and estimating these amounts and
    differences between the actual outcome of these future tax
    consequences and estimates made could have a material effect on
    the consolidated financial results.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-12
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Effect of
    Recent Accounting Pronouncements</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Financial Accounting Standards Board issued new revenue
    recognition guidance for arrangements with multiple
    deliverables. The new guidance, whose scope excludes software
    revenue recognition, modifies the fair value requirements for
    revenue recognition by providing &#147;best estimate of selling
    price&#148; in addition to vendor specific objective evidence,
    or &#147;VSOE&#148;, and vendor objective evidence, now referred
    to as third-party evidence, or &#147;TPE&#148;, for determining
    the selling price of a deliverable. Since the Company will be
    able to use an estimate of the selling price for the
    deliverables in an arrangement, all deliverables will be
    separate units of accounting, provided (a)&#160;a delivered item
    has value to the customer on a standalone basis, and (b)&#160;if
    the arrangement includes a general right of return relative to
    the delivered item, delivery or performance of the undelivered
    item is considered probable and substantially in the control of
    the Company. As a result of the requirement to use the best
    estimate of the selling price when VSOE or TPE of the selling
    price cannot be determined, the residual method is no longer
    permitted. The new guidance is effective for fiscal years
    beginning on or after June&#160;15, 2010. The Company is
    currently evaluating the impact of this revenue guidance, but
    does not expect the guidance to have a material effect on the
    consolidated financial statements.
</DIV>
<!-- XBRL,n -->
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">2.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Acquisitions:</FONT></B>
</TD>
</TR>

</TABLE>
<!-- XBRL,body -->
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company seeks to acquire businesses that broaden its
    existing product lines and service offerings by adding
    complementary products and service offerings and by expanding
    its geographic reach. During 2009, the Company completed three
    acquisitions in its FS segment. Cash paid, subject to certain
    adjustments, was $12&#160;million.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    During 2008, the Company completed four acquisitions in its FS
    segment, including GL TRADE S.A., and two in its AS segment,
    and, in 2007, the Company completed nine acquisitions in its FS
    segment and one in each of its AS and PS segments.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At December&#160;31, 2008, the purchase price allocations for
    certain businesses acquired in 2008 were preliminary and subject
    to finalization of independent appraisals of acquired software
    and customer base assets and deferred income taxes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At December&#160;31, 2009, contingent purchase price obligations
    that depend upon the operating performance of four acquired
    businesses total $57&#160;million, all of which could be due in
    the next 12&#160;months. The amount paid, if any, will be
    recorded as an addition to goodwill at the time the actual
    performance is known and the amounts become due. There were no
    amounts earned or paid in 2007, and approximately
    $1&#160;million was paid during each of 2008 and 2009. There
    were no amounts payable as of December&#160;31, 2009.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Pro forma
    financial information (unaudited)</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following unaudited pro forma results of operations (in
    millions) for 2008 assumes that businesses acquired in 2008 and
    2009 occurred as of the beginning of 2008 and were reflected in
    the Company&#146;s results from that date. The pro forma effect
    of the 2009 acquisitions on 2009 was not material. For 2008, in
    addition to the businesses acquired in 2009, the pro forma
    results include the 2008 acquisitions, the more significant of
    which are GL TRADE S.A., Strohl Systems Group, Inc. and Advanced
    Portfolio Technologies, Inc. For 2007, the pro forma results
    assumes that businesses acquired in 2007 and 2008 occurred as of
    the beginning of 2007 and were reflected in the Company&#146;s
    results from that date. Also for 2007, the pro forma results
    exclude the 2009 acquisitions. This unaudited pro forma
    information should not be relied upon as necessarily being
    indicative of the historical results that would have been
    obtained if the acquisitions had actually occurred at the
    beginning of each period presented, nor of the results that may
    be obtained in the future. The pro forma adjustments include the
    effect of purchase accounting adjustments, interest expense and
    related tax effects.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="85%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2007
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2008
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,299
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,823
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net loss
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (95
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (256
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-13
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->
<!-- XBRL,n -->
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">3.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Clearing
    Broker Assets and Liabilities:</FONT></B>
</TD>
</TR>

</TABLE>
<!-- XBRL,body -->
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Clearing broker assets and liabilities are comprised of the
    following (in millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="74%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    December&#160;31,<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2008
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Segregated customer cash and treasury bills
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    148
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>153</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Securities owned
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    44
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>40</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Securities borrowed
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    87
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>116</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Receivables from customers and other
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    30
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>23</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Clearing broker assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    309
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>332</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Payables to customers
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    191
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>163</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Securities loaned
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    47
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>95</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Customer securities sold short, not yet purchased
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>9</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Payable to brokers and dealers
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    69
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>27</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Clearing broker liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    310
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>294</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Segregated customer cash and treasury bills are held by the
    Company on behalf of customers. Clearing broker securities
    consist of trading and investment securities at fair market
    values, which are based on quoted market rates. Securities
    borrowed and loaned are collateralized financing transactions
    which are cash deposits made to or received from other
    broker/dealers. Receivables from and payables to customers
    represent amounts due or payable on cash and margin transactions.
</DIV>
<!-- XBRL,n -->
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">4.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Property
    and Equipment:</FONT></B>
</TD>
</TR>

</TABLE>
<!-- XBRL,body -->
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Property and equipment consisted of the following (in millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="74%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    December&#160;31,<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2008
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Computer and telecommunications equipment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    681
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>817</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Leasehold improvements
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    565
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>709</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Office furniture and equipment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    99
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>120</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Buildings and improvements
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    130
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>145</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Land
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>22</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Construction in progress
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    90
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>48</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,587
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,861</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accumulated depreciation and amortization
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (689
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(936</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    898
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>925</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-14
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->
<!-- XBRL,n -->
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">5.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Debt and
    Derivative Instruments:</FONT></B>
</TD>
</TR>

</TABLE>
<!-- XBRL,body -->
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Debt consisted of the following (in millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="74%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    December&#160;31,<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2008
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Senior Secured Credit Facility:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Secured revolving credit facility of 3.08% and &#151;%(A)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>&#151;</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Term loans, tranche&#160;A, effective interest rate of 5.37% and
    3.24%(A)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,249
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,506</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Term loans, tranche&#160;B, effective interest rate of &#151;%
    and 6.79%(A)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2,717</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Incremental term loan, effective interest rate of 6.75% and
    6.75%(A)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    499
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>494</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total Senior Secured Credit Facility
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,248
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>4,717</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Senior Notes due 2009 at 3.75%(B)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    250
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Senior Notes due 2014 at 4.875%, net of discount of $20 and
    $16(B)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    230
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>234</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Senior Notes due 2013 at 9.125%(C)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,600
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,600</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Senior Subordinated Notes due 2015 at 10.25%(C)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,000</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Senior Notes due 2015 at 10.625%, net of discount of $6 and $5(C)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    494
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>495</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Secured accounts receivable facility, effective interest rate of
    &#151;% and 7.5%(D)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>250</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Other, primarily acquisition purchase price and capital lease
    obligations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    53
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>19</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,875
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>8,315</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Short-term borrowings and current portion of long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (322
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(64</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8,553
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>8,251</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a result of the Transaction, the Company is highly leveraged.
    Below is a summary of our debt instruments.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <I><FONT style="font-family: 'Times New Roman', Times">&#160;&#160;&#160;&#160;(A)&#160;&#160;</FONT></I>
</TD>
    <TD>
    <I><FONT style="font-family: 'Times New Roman', Times">Senior
    Secured Credit Facilities</FONT></I>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SunGard&#146;s senior secured credit facilities consist of
    (1)&#160;$1.43&#160;billion of U.S.&#160;dollar-denominated
    tranche&#160;A term loans, $66&#160;million of pound
    sterling-denominated tranche&#160;A term loans and
    $13&#160;million of euro-denominated tranche&#160;A term loans,
    each maturing on February&#160;28, 2014, collectively referred
    to as the unextended term loans, (2)&#160;$2.48&#160;billion of
    U.S.&#160;dollar-denominated tranche&#160;B term loans,
    $64&#160;million of pound sterling-denominated tranche&#160;B
    term loans and $172&#160;million of euro-denominated tranche B
    term loans, each maturing on February&#160;28, 2016,
    collectively referred to as the extended term loans,
    (3)&#160;$494&#160;million of U.S.&#160;dollar-denominated
    incremental term loans maturing on February&#160;28, 2014 and
    (4)&#160;an $829&#160;million revolving credit facility with
    $580&#160;million of commitments terminating on May&#160;11,
    2013, referred to as the extended revolving credit loans, and
    $249&#160;million of commitments terminating on August&#160;11,
    2011, referred to as the unextended revolving credit loans. As
    of December&#160;31, 2009, $804&#160;million was available for
    borrowing under the revolving credit facility after giving
    effect to certain outstanding letters of credit.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Borrowings under the senior secured credit facilities bear
    interest at a rate equal to an applicable margin plus, at our
    option, either (a)&#160;a base rate that is the higher of
    (1)&#160;the prime rate of JPMorgan Chase Bank, N.A. and
    (2)&#160;the federal funds rate plus
    <FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">2</FONT>
    of 1% or (b)&#160;LIBOR based on the costs of funds for deposits
    in the currency of such borrowing for either 30, 60, 90 or
    180&#160;days. The applicable margin for borrowings under the
    revolving credit facility and the term loan facility may change
    subject to attaining certain leverage ratios. In addition to
    paying interest on outstanding principal under the senior
    secured credit facilities, we pay a commitment fee to the
    lenders under the revolving credit facility in respect of the
    unutilized commitments. The commitment fee rates with respect to
    unused commitments terminating in 2011 and unused commitments
    terminating in 2013 are 0.50% per annum and 0.75% per annum,
    respectively, and may change subject to attaining certain
    leverage ratios. As of December&#160;31, 2009, the interest rate
    for the extended term loans, after
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-15
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    adjusting for interest rate swaps, was 6.79% and for the
    unextended term loans, after adjusting for interest rate swaps,
    was 3.24%.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    All obligations under the senior secured credit facilities are
    fully and unconditionally guaranteed by SunGard Holdco LLC and
    by substantially all domestic, 100% owned subsidiaries, referred
    to, collectively, as Guarantors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SunGard is required to repay installments on the loans under the
    term loan facilities in quarterly principal amounts of 0.25% of
    their funded total principal amount through the maturity date
    for each class of term loans, at which time the remaining
    aggregate principal balance is due. Maturity dates for all our
    term loan facilities will automatically become May&#160;15, 2013
    if the Senior Notes due 2013 are not extended, renewed or
    refinanced on or prior to May&#160;15, 2013 and, if not already
    reset, the maturity dates for our tranche&#160;B term loan
    facilities will automatically become May&#160;15, 2015 if the
    Senior Subordinated Notes are not extended, renewed or
    refinanced on or prior to May&#160;15, 2015.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The senior secured credit facilities also require SunGard to
    prepay outstanding term loans, subject to certain exceptions,
    with excess cash flow and proceeds from certain asset sales,
    casualty and condemnation events, other borrowings and certain
    financings under SunGard&#146;s accounts receivable
    securitization program. Any required payments would be applied
    pro rata to the term loan lenders and to installments of the
    term loan facilities in direct order of maturity.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The senior secured credit facilities contain a number of
    covenants that, among other things, restrict, subject to certain
    exceptions, SunGard&#146;s (and most or all of its
    subsidiaries&#146;) ability to incur additional debt or issue
    preferred stock, pay dividends and distributions on or
    repurchase capital stock, create liens on assets, enter into
    sale and leaseback transactions, repay subordinated
    indebtedness, make investments, loans or advances, make capital
    expenditures, engage in certain transactions with affiliates,
    amend certain material agreements, change its lines of business,
    sell assets and engage in mergers or consolidations. In
    addition, under the senior secured credit facilities, SunGard is
    required to satisfy certain total leverage and interest coverage
    ratios. SunGard was in compliance with all covenants at
    December&#160;31, 2009.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In February 2007 the Credit Agreement was amended to reduce the
    effective interest rates on the term loan facility, increase the
    size of that facility from $4.0&#160;billion to
    $4.4&#160;billion, extend the maturity by one year and change
    certain other terms. SunGard used the additional borrowings to
    redeem $400&#160;million of senior floating rate notes that were
    due 2013. The related redemption premium of $19&#160;million and
    write-off of approximately $9&#160;million of deferred financing
    costs were included in other expense.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In September 2008 the Credit Agreement was amended to increase
    the amount of term loan borrowings by SunGard under the Credit
    Agreement by $500&#160;million (&#147;Incremental Term
    Loan&#148;), and SunGard issued at a $6&#160;million discount
    $500&#160;million aggregate principal amount of
    10.625%&#160;Senior Notes due 2015, together with the
    Incremental Term Loan, to fund the acquisition of GL TRADE and
    repay $250&#160;million of senior notes due in January 2009. The
    second amendment to the Credit Agreement in September 2008
    changed certain terms applicable to the Incremental Term Loan.
    Borrowings can be at either a Base Rate or a Eurocurrency Rate.
    Base Rate borrowings reset daily and bear interest at a minimum
    of 4.0% plus a spread of 2.75%. Eurocurrency borrowings can be
    made for periods of 30, 60, 90 or 180&#160;days and bear
    interest at a minimum of 3.0% plus a spread of 3.75%. The
    interest rate at December&#160;31, 2009 was 6.75%.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In June 2009 SunGard amended and restated its existing Credit
    Agreement (&#147;Amended Credit Agreement&#148;) to
    (a)&#160;extend the maturity date of $2.5&#160;billion of its
    U.S.&#160;dollar-denominated term loans, &#163;40&#160;million
    of pound sterling-denominated term loans, and
    &#128;120&#160;million of Euro-denominated term loans from
    February 2014 to February 2016, (b)&#160;reduce existing
    revolving credit commitments to $829&#160;million from
    $1&#160;billion and extend the termination date of
    $580&#160;million of those commitments to May 2013, and
    (c)&#160;amend certain other provisions including those related
    to negative and financial covenants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SunGard uses interest rate swap agreements to manage the amount
    of its floating rate debt in order to reduce its exposure to
    variable rate interest payments associated with the senior
    secured credit facilities. SunGard pays a stream of fixed
    interest payments for the term of the swap, and in turn,
    receives variable interest payments based on the one-month LIBOR
    rate or three-month LIBOR rate, which was 0.23% and
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-16
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    0.25%, respectively, at December&#160;31, 2009. The net receipt
    or payment from the interest rate swap agreements is included in
    interest expense. A summary of SunGard&#146;s interest rate
    swaps at December&#160;31, 2009 follows:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="56%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Interest<BR>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Rate<BR>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Notional<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Interest<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Received<BR>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Inception
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Maturity
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Amount
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Rate Paid
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    (LIBOR)
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    (In millions)
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    February 2006
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    February 2011
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    800
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.00
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3-Month
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    January 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    February 2011
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    750
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.17
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3-Month
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    February 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    February 2010
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    750
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.71
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3-Month
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    January / February 2009
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    February 2012
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,200
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.78
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1-Month
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total/Weighted Average interest rate
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.01
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In early 2010, SunGard entered into three-year interest rate
    swaps that expire in May 2013 for an aggregate notional amount
    of $500&#160;million under which we pay fixed interest payments
    (at 1.99%) for the term of the swaps, and in turn receive
    variable interest payments based on three-month LIBOR.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The interest rate swaps are designated and qualify as cash flow
    hedges and are included at estimated fair value as an asset or a
    liability in the consolidated balance sheet based on a
    discounted cash flow model using applicable market swap rates
    and certain assumptions. For 2007, 2008 and 2009, SunGard
    included an unrealized after-tax loss of $23&#160;million, an
    unrealized after-tax loss of $39&#160;million, and an unrealized
    after-tax gain of $18&#160;million, respectively, in Other
    Comprehensive Income (Loss) related to the change in market
    value on the swaps. The market value of the swaps recorded in
    Other Comprehensive Income (Loss) may be recognized in the
    statement of operations if certain terms of the senior secured
    credit facilities change or if the loan is extinguished. The
    $98&#160;million and $70&#160;million fair value of the swap
    agreements at December&#160;31, 2008 and 2009, respectively, is
    included in accrued expenses. The effects of the interest rate
    swaps are reflected in the effective interest rate for the
    senior secured credit facilities in the components of debt table
    above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The table below summarizes the impact of the effective portion
    of interest rate swaps on the balance sheets and statements of
    operations for 2007, 2008 and 2009 (in millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="52%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="29%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Classification
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2007
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2008
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Gain (loss) recognized in Accumulated Other Comprehensive Loss
    (OCI)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    OCI
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (23
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (39
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>18</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Gain (loss) reclassified from accumulated OCI into income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Interest expense and amortization of<BR>
    deferred financing fees
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (32
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(80</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>) </B>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SunGard had no ineffectiveness related to its swap agreements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SunGard expects to reclassify in the next twelve months
    approximately $82&#160;million of expense from accumulated other
    comprehensive income into earnings related to SunGard&#146;s
    interest rate swaps based on the borrowing rates at
    December&#160;31, 2009.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <I><FONT style="font-family: 'Times New Roman', Times">&#160;&#160;&#160;&#160;(B)&#160;&#160;</FONT></I>
</TD>
    <TD>
    <I><FONT style="font-family: 'Times New Roman', Times">Senior
    Notes due 2009 and 2014</FONT></I>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On January&#160;15, 2004, SunGard issued $500&#160;million of
    senior unsecured notes, of which $250&#160;million
    3.75%&#160;notes were due and paid in full in January 2009 and
    $250&#160;million 4.875%&#160;notes are due 2014, which are
    subject to certain standard covenants. As a result of the
    Transaction, these senior notes became collateralized on an
    equal and ratable basis with loans under the senior secured
    credit facilities and are guaranteed by all subsidiaries that
    guarantee the senior notes due 2013 and 2015 and senior
    subordinated notes due 2015. The senior notes due 2014 are
    recorded at $230&#160;million and $234&#160;million as of
    December&#160;31, 2008 and 2009, respectively, reflecting the
    remaining unamortized discount caused by the Transaction. The
    $16&#160;million discount at December&#160;31, 2009 will be
    amortized and included in interest expense over the remaining
    periods to maturity.
</DIV>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-17
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <I><FONT style="font-family: 'Times New Roman', Times">&#160;&#160;&#160;&#160;(C)&#160;&#160;</FONT></I>
</TD>
    <TD>
    <I><FONT style="font-family: 'Times New Roman', Times">Senior
    Notes due 2013 and 2015 and Senior Subordinated Notes due
    2015</FONT></I>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The senior notes due 2013 and 2015 are senior unsecured
    obligations that rank senior in right of payment to future debt
    and other obligations that are, by their terms, expressly
    subordinated in right of payment to the senior notes, including
    the senior subordinated notes. The senior notes (i)&#160;rank
    equally in right of payment to all existing and future senior
    debt and other obligations that are not, by their terms,
    expressly subordinated in right of payment to the senior notes,
    (ii)&#160;are effectively subordinated in right of payment to
    all existing and future secured debt to the extent of the value
    of the assets securing such debt, and (iii)&#160;are
    structurally subordinated to all obligations of each subsidiary
    that is not a guarantor of the senior notes. All obligations
    under the senior notes are fully and unconditionally guaranteed,
    subject to certain exceptions, by substantially all domestic,
    100% owned subsidiaries of SunGard.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The senior subordinated notes due 2015 are unsecured senior
    subordinated obligations that are subordinated in right of
    payment to the existing and future senior debt, including the
    senior secured credit facilities, the senior notes due 2009 and
    2014 and the senior notes due 2013 and 2015. The senior
    subordinated notes (i)&#160;rank equally in right of payment to
    all future senior subordinated debt, (ii)&#160;are effectively
    subordinated in right of payment to all existing and future
    secured debt to the extent of the value of the assets securing
    such debt, (iii)&#160;are structurally subordinated to all
    obligations of each subsidiary that is not a guarantor of the
    senior subordinated notes, and (iv)&#160;rank senior in right of
    payment to all future debt and other obligations that are, by
    their terms, expressly subordinated in right of payment to the
    senior subordinated notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The senior notes due 2013 and 2015 and senior subordinated notes
    due 2015 are redeemable in whole or in part, at SunGard&#146;s
    option, at any time at varying redemption prices that generally
    include premiums, which are defined in the applicable
    indentures. In addition, upon a change of control, SunGard is
    required to make an offer to redeem all of the senior notes and
    senior subordinated notes at a redemption price equal to 101% of
    the aggregate principal amount thereof plus accrued and unpaid
    interest.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The indentures governing the senior notes due 2013 and 2015 and
    senior subordinated notes due 2015 contain a number of covenants
    that restrict, subject to certain exceptions, SunGard&#146;s
    ability and the ability of its restricted subsidiaries to incur
    additional debt or issue certain preferred shares, pay dividends
    on or make other distributions in respect of its capital stock
    or make other restricted payments, make certain investments,
    enter into certain types of transactions with affiliates, create
    liens securing certain debt without securing the senior notes
    due 2013 and 2015 or senior subordinated notes due 2015, as
    applicable, sell certain assets, consolidate, merge, sell or
    otherwise dispose of all or substantially all of its assets and
    designate its subsidiaries as unrestricted subsidiaries.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <I><FONT style="font-family: 'Times New Roman', Times">&#160;&#160;&#160;&#160;(D)&#160;&#160;</FONT></I>
</TD>
    <TD>
    <I><FONT style="font-family: 'Times New Roman', Times">Accounts
    Receivable Securitization Program</FONT></I>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In December 2008, SunGard terminated its off-balance sheet
    accounts receivable securitization program. Under this accounts
    receivable facility, eligible receivables were sold to
    third-party conduits through a wholly owned, bankruptcy remote,
    special purpose entity that was not consolidated for financial
    reporting purposes. SunGard serviced the receivables and charged
    a monthly servicing fee at market rates. The third-party
    conduits were sponsored by certain lenders under SunGard&#146;s
    senior secured credit facilities. Sales of receivables under the
    facility qualified as sales under applicable accounting rules.
    Accordingly, at December&#160;31, 2008, these receivables,
    totaling $363&#160;million, net of applicable allowances, and
    the corresponding borrowings totaling $77&#160;million were
    excluded from SunGard&#146;s consolidated balance sheet.
    SunGard&#146;s retained interest in receivables sold as of
    December&#160;31, 2008 was $285&#160;million. The loss on sale
    of receivables and discount on retained interests were included
    in other expense and totaled $29&#160;million for 2007 and
    $25&#160;million for 2008. The gain or loss on sale of
    receivables was determined at the date of transfer based upon
    the fair value of the assets sold and the interests retained.
    SunGard estimated fair value based on the present value of
    expected cash flows.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In March 2009, SunGard entered into a syndicated three-year
    receivables facility. The facility limit is $317&#160;million,
    which consists of a term loan commitment of $181&#160;million
    and a revolving commitment of $136&#160;million. Advances may be
    borrowed and repaid under the revolving commitment with no
    impact on the facility limit. The term loan commitment may be
    repaid at any time at SunGard&#146;s option, but will result in
    a
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-18
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    permanent reduction in the facility limit. At December&#160;31,
    2009, $181&#160;million was drawn against the term loan
    commitment and $69&#160;million was drawn against the revolving
    commitment which represented the full amount available for
    borrowing based on the terms and conditions of the facility. At
    December&#160;31, 2009, $689&#160;million of accounts receivable
    secure the borrowings under the receivables facility.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the receivables facility, SunGard is generally required to
    pay interest on the amount of each advance at the one month
    LIBOR rate (with a floor of 3%) plus 4.50% per annum, which at
    December&#160;31, 2009 was 7.5%. The facility is subject to a
    fee on the unused portion of 1.00% per annum. The receivables
    facility contains certain covenants and SunGard is required to
    satisfy and maintain specified facility performance ratios,
    financial ratios and other financial condition tests.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Future
    Maturities</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At December&#160;31, 2009, annual maturities of long-term debt
    during the next five years and thereafter are as follows (in
    millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="88%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2010
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    64
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2011
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2012
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    300
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2013
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,649
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2014<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,181
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Thereafter<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,071
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    2014 includes debt discounts of $16&#160;million.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Thereafter includes debt discounts of $5&#160;million.</TD>
</TR>

</TABLE>
<!-- XBRL,n -->
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">6.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Fair
    Value Measurements:</FONT></B>
</TD>
</TR>

</TABLE>
<!-- XBRL,body -->
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table summarizes assets and liabilities measured
    at fair value on a recurring basis at December&#160;31, 2009 (in
    millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="70%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Fair Value Measures Using
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Level 1
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Level 2
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Level 3
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Total
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash and cash equivalents&#160;&#151; money market funds
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    168
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    168
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Clearing broker assets&#160;&#151; treasury bills
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    151
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    151
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Clearing broker assets&#160;&#151; securities owned
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    40
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    40
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    359
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    359
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Clearing broker liabilities&#160;&#151; customer securities sold
    short, not yet purchased
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Interest rate swap agreements
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    70
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    70
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    70
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    79
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-19
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table summarizes assets and liabilities measured
    at fair value on a recurring basis at December&#160;31, 2008 (in
    millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="69%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Fair Value Measures Using
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Level 1
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Level 2
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Level 3
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Total
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash and cash equivalents&#160;&#151; money market funds
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    589
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    589
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Clearing broker assets&#160;&#151; treasury bills
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    140
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    140
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Clearing broker assets&#160;&#151; securities owned
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    44
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    44
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Retained interest in accounts recevable sold
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    285
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    285
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    773
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    285
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,058
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Clearing broker liabilities&#160;&#151; customer securities sold
    short, not yet purchased
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Interest rate swap agreements
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    98
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    98
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    98
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    101
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A Level&#160;1 fair value measure is based upon quoted prices in
    active markets for identical assets or liabilities. A
    Level&#160;2 fair value measure is based upon quoted prices for
    similar assets and liabilities in active markets or inputs that
    are observable. A Level&#160;3 fair value measure is based upon
    inputs that are unobservable (for example, cash flow modeling
    inputs based on assumptions).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Cash and cash equivalents&#160;&#151; money market funds and
    Clearing broker assets&#160;&#151; treasury bills are recognized
    and measured at fair value in the Company&#146;s financial
    statements. Clearing broker assets and liabilities&#160;&#151;
    securities owned and customer securities sold short, not yet
    purchased are recorded at closing exchange-quoted prices. Fair
    values of the interest rate swap agreements are calculated using
    a discounted cash flow model using observable applicable market
    swap rates and assumptions and are compared to market valuations
    obtained from brokers. During January 2009, the fair value of
    retained interest in accounts receivable sold (a Level&#160;3
    measurement) decreased to zero due to the termination of the
    Company&#146;s off-balance sheet accounts receivable
    securitization program.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    During 2009, the Company recorded impairment charges on certain
    of its FS customer base and software assets of $18&#160;million
    and $17&#160;million, respectively, as a result of changes to
    the cash flow projections of the applicable businesses. These
    non-recurring fair value measures are classified as Level&#160;3
    in the fair value hierarchy and were valued using discounted
    cash flow models. The valuation inputs included estimates of
    future cash flows, expectations about possible variations in the
    amount and timing of cash flows and discount rates based on the
    risk-adjusted cost of capital.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Fair
    Value of Financial Instruments</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table presents the carrying amounts and fair
    values of financial instruments (in millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="67%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="7" nowrap align="center" valign="bottom">
    December&#160;31,<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="7" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="7" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2008
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="7" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Carrying<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Fair<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Carrying<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Fair<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Value
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Value
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Value</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Value</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Interest rate swap contracts
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (98
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (98
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(70</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(70</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Floating rate debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,248
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,437
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>4,967</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>4,815</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Fixed rate debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,627
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,903
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3,348</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3,507</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The fair values of cash and cash equivalents, accounts
    receivable, accounts payable and accrued expenses, to the extent
    the underlying liability will be settled in cash, approximate
    carrying values because of the short-term nature of these
    instruments. The derivative financial instruments are carried at
    fair value. The fair value of SunGard&#146;s floating rate and
    fixed rate long-term debt is primarily based on market rates.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-20
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->
<!-- XBRL,n -->
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">7.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Stock
    Option and Award Plans and Stock-Based Compensation:</FONT></B>
</TD>
</TR>

</TABLE>
<!-- XBRL,body -->
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To provide long-term equity incentives following the
    Transaction, the SunGard 2005 Management Incentive Plan
    (&#147;Plan&#148;) was established. As amended in May 2009, the
    Plan authorizes the issuance of equity subject to awards made
    under the Plan for up to 70&#160;million shares of Class&#160;A
    common stock and 7&#160;million shares of Class&#160;L common
    stock of SCC and 2.5&#160;million shares of preferred stock of
    SCCII.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the Plan, awards of time-based and performance-based
    options have been granted to purchase &#147;Units&#148; in the
    Parent Companies. Each &#147;Unit&#148; consists of
    1.3&#160;shares of Class&#160;A common stock and
    0.1444&#160;shares of Class&#160;L common stock of SCC and
    0.05&#160;shares of preferred stock of SCCII. The shares
    comprising a Unit are in the same proportion as the shares
    issued to all stockholders of the Parent Companies. Option Units
    are exercisable only for whole Units and cannot be separately
    exercised for the individual classes of stock. Beginning in
    2007, hybrid equity awards generally were granted under the
    Plan, which awards are composed of restricted stock units for
    Units (&#147;RSUs&#148;) in the Parent Companies and options to
    purchase Class&#160;A common stock in SCC. All awards under the
    Plan are granted at fair market value on the date of grant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Time-based options vest over five years as follows: 25% one year
    after date of grant, and 1/48th&#160;of the remaining balance
    each month thereafter for 48&#160;months. Time-based RSUs vest
    over five years as follows: 10% one year after date of grant,
    and 1/48th&#160;of the remaining balance each month thereafter
    for 48&#160;months. Performance-based options and RSUs are
    earned upon the attainment of certain annual or cumulative
    earnings goals based on Internal EBITA (defined as income from
    operations before amortization of acquisition-related intangible
    assets, stock compensation expense and certain other items)
    targets for the Company during a specified performance period,
    generally five or six years. During the third quarter of 2009,
    the Company amended the terms of unvested performance awards
    granted prior to 2009 by (i)&#160;reducing performance targets
    for 2009 and 2010, (ii)&#160;reducing the number of shares that
    are earned at the reduced targets, (iii)&#160;delaying vesting
    of earned shares, and, (iv)&#160;in the case of RSUs, increasing
    the length of time for distribution, or release, of vested
    awards. Excluding the 15 senior executive management award
    holders, all 290 award holders participated in the amendments.
    During the fourth quarter of 2009, senior executive
    management&#146;s performance awards were amended consistent
    with non-senior executive awards and in addition were amended to
    modify or add, as applicable, vesting on a
    <FONT style="white-space: nowrap">return-on-equity</FONT>
    basis terms. All amended equity awards were revalued at the
    modification dates at the respective fair market value. There
    was no expense recognized as a result of the modifications.
    Time-based and performance-based options can partially or fully
    vest upon a change of control and certain other termination
    events, subject to certain conditions, and expire ten years from
    the date of grant. Once vested, time-based and performance-based
    RSUs become payable in shares upon the first to occur of a
    change of control, separation from service without cause, or the
    date that is five years (ten years for modified
    performance-based RSUs) after the date of grant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The total fair value of options that vested for 2007, 2008 and
    2009 was $31&#160;million, $32&#160;million and
    $24&#160;million, respectively. The total fair value of RSUs
    that vested for the years 2007, 2008 and 2009 was
    $1&#160;million, $3&#160;million and $10&#160;million,
    respectively. At December&#160;31, 2008 and 2009, approximately
    163,000 and 592,000 RSU Units, respectively, were vested.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The fair value of option Units granted in each year using the
    Black-Scholes pricing model and related assumptions follow:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="65%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="11" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Year Ended December&#160;31,
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2007
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2008
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Weighted-average fair value on date of grant
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    11.47
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.67
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>7.64</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Assumptions used to calculate fair value:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Volatility
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    60
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    37
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>43</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Risk-free interest rate
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.6
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.5
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2.1</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Expected term
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.0&#160;years
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.0&#160;years
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5.0&#160;years</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Dividends
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    zero
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    zero
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>zero</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-21
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The fair value of Class&#160;A options granted in each year
    using the Black-Scholes pricing model and related assumptions
    follow:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="65%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="11" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Year Ended December&#160;31,
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2007
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2008
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Weighted-average fair value on date of grant
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1.49
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1.73
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>0.28</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Assumptions used to calculate fair value:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Volatility
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    79
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    84
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>81</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Risk-free interest rate
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.1
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2.3</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Expected term
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.0&#160;years
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.0&#160;years
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5.0&#160;years</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Dividends
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    zero
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    zero
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>zero</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The fair value of each option award is estimated on the date of
    grant using the Black-Scholes option-pricing model. Since the
    Company is not publicly traded, the Company utilizes equity
    valuations based on (a)&#160;stock market valuations of public
    companies in comparable businesses, (b)&#160;recent transactions
    involving comparable companies and (c)&#160;any other factors
    deemed relevant. The risk-free rate for periods within the
    contractual life of the option is based on the
    U.S.&#160;Treasury yield curve in effect at the time of grant.
    Expected volatilities are based on implied volatilities from
    market comparisons of certain publicly traded companies and
    other factors. The expected term of stock options granted is
    derived from historical experience and expectations and
    represents the period of time that stock options granted are
    expected to be outstanding. The requisite service period is
    generally five years from the date of grant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For 2007, 2008 and 2009, the Company included non-cash stock
    compensation expense of $32&#160;million, $35&#160;million and
    $33&#160;million, respectively, in sales, marketing and
    administration expenses. At December&#160;31, 2009, there is
    approximately $21&#160;million and $40&#160;million,
    respectively, of unearned non-cash stock-based compensation
    related to time-based options and RSUs that the Company expects
    to record as expense over a weighted average of 1.9 and
    3.8&#160;years, respectively. In addition, at December&#160;31,
    2009, there is approximately $67&#160;million and
    $45&#160;million, respectively, of unearned non-cash stock-based
    compensation related to performance-based options and RSUs that
    the Company could record as expense each over four years
    depending on the level of achievement of financial performance
    goals. Included in the performance award amounts above are
    approximately 745,000 option Units ($4.4&#160;million), 440,000
    class&#160;A options ($0.4&#160;million) and 175,000 RSUs
    ($3.3&#160;million) that were earned during 2009, but that will
    vest monthly during 2010 through 2012. For time-based options
    and RSUs, compensation expense is recorded on a straight-line
    basis over the requisite service period of five years. For
    performance-based options and RSUs, recognition of compensation
    expense starts when the achievement of financial performance
    goals becomes probable, which is typically during the fourth
    fiscal quarter, and is recorded over the remaining service
    period.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-22
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table summarizes option/RSU activity:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="47%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="15" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Units
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Weighted-<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Weighted-<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Weighted-<BR>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Average<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Average<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Class A<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Average<BR>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Options
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Price
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    RSUs
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Price
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Options
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Price
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    (In millions)
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    (In millions)
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    (In millions)
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Outstanding at December&#160;31, 2006
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    37.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    15.57
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Granted
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20.72
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    21.14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2.26
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Exercised / released
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1.4
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6.25
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Canceled
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2.5
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18.08
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Outstanding at December&#160;31, 2007
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    35.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16.03
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21.14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.26
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Granted
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22.17
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23.75
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7.1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.56
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Exercised / released
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1.4
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.11
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Canceled
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2.4
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18.16
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (0.2
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22.24
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (0.4
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.58
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Outstanding at December&#160;31, 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    31.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16.24
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23.07
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.47
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Granted</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>0.4</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>19.00</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1.5</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>19.10</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3.7</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>0.42</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Exercised / released</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1.7</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>10.56</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Canceled</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(2.5</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>18.14</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(0.2</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>23.36</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(0.6</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2.50</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Outstanding at December&#160;31, 2009</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>28.0</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>16.46</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5.0</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>21.87</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>12.5</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1.86</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shares available for grant under the 2005 plan at
    December&#160;31, 2009 were approximately 11.2&#160;million
    shares of Class&#160;A common stock and 1.9&#160;million shares
    of Class&#160;L common stock of SunGard Capital Corp. and
    0.7&#160;million shares of preferred stock of SunGard Capital
    Corp. II.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The total intrinsic value of options exercised during the years
    2007, 2008 and 2009 was $20&#160;million, $20&#160;million and
    $16&#160;million, respectively.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Cash proceeds received on behalf of the Parent Companies related
    to exercises of stock options are generally used to fund
    repurchases of stock of the Parent Companies from terminated
    employees.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table summarizes information as of
    December&#160;31, 2009 concerning options for Units and
    Class&#160;A shares that have vested and that are expected to
    vest in the future:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="24%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="11" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Vested and Expected to Vest
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="11" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Exercisable
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Weighted-Average<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Weighted-Average<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Number of<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Remaining<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Aggregate<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Number of<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Remaining<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Aggregate<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Exercise Price
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Options Outstanding
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Life (Years)
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Intrinsic Value
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Options
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Life (Years)
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Intrinsic Value
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    (In millions)
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    (In millions)
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    (In millions)
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    (In millions)
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <B><I>Units</I></B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    $4.50
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.61
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    56
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.61
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    56
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    18.00&#160;&#151; 24.51
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16.76
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    31
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <B><I>Class&#160;A Shares</I></B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    0.28&#160;&#151; 0.44
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.88
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.04
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    1.41
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.02
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.29
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    2.22&#160;&#151; 3.06
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.18
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.72
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL,n -->
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">8.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Savings
    Plans:</FONT></B>
</TD>
</TR>

</TABLE>
<!-- XBRL,body -->
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company and its subsidiaries maintain savings and other
    defined contribution plans that cover substantially all
    employees. Certain of these plans generally provide that
    employee contributions are matched with cash contributions by
    the Company subject to certain limitations including a
    limitation on the Company&#146;s contributions to 4% of the
    employee&#146;s compensation. Total expense under these plans
    aggregated $53&#160;million in 2007, $58&#160;million in 2008
    and $62&#160;million in 2009.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-23
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->
<!-- XBRL,n -->
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">9.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Income
    Taxes:</FONT></B>
</TD>
</TR>

</TABLE>
<!-- XBRL,body -->
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The provision (benefit) for income taxes for 2007, 2008 and 2009
    consisted of the following (in millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="77%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2007
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2008
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Current:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Federal
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    46
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    90
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>22</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    State
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>17</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Foreign
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    56
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    38
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>58</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    117
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    146
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>97</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Federal
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (99
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (84
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(141</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    State
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (4
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Foreign
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (17
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (27
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(32</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (120
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (108
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(170</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (3
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    38
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(73</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Income (loss) before income taxes for 2007, 2008 and 2009
    consisted of the following (in millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="75%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2007
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2008
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    U.S. operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (195
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (79
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,251</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Foreign operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    132
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (125
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>60</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (63
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (204
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,191</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Differences between income tax expense (benefit) at the
    U.S.&#160;federal statutory income tax rate and the
    Company&#146;s effective income tax rate for 2007, 2008 and 2009
    were as follows (in millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="79%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2007
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2008
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Tax at federal statutory rate
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (22
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (71
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(417</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    State income taxes, net of federal benefit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>13</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Foreign taxes, net of U.S. foreign tax credit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    28
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(9</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B><SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Tax rate changes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (4
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Goodwill impairment charge
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    45
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>343</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Nondeductible expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>4</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Change in tax positions
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Research and development credit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(2</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Other, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(3</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (3
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    38
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(73</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Effective income tax rate
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (19
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Foreign taxes, net in 2009 includes a $12&#160;million favorable
    adjustment primarily related to utilization in our 2008 U.S.
    federal income tax return of foreign tax credit carryforwards
    that were not expected to be utilized at the time of the 2008
    tax provision.</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-24
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Deferred income taxes are recorded based upon differences
    between financial statement and tax bases of assets and
    liabilities. Deferred tax assets and liabilities at
    December&#160;31, 2008 and 2009 are summarized as follows (in
    millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="77%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    December&#160;31,<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2008
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Current:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Trade receivables and retained interest
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    13
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>15</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Accrued Expenses, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>17</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total current deferred income tax asset
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    31
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>32</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Valuation allowance
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (9
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(10</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Net current deferred income tax asset
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    22
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>22</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Long-term:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Property and equipment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    51
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>36</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Intangible assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,766
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,482</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Net operating loss carryforwards
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    103
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>118</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Other, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    71
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>74</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total long-term deferred income tax liability
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,541
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,254</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Valuation allowance
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (51
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(60</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Net long-term deferred income tax liability
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,592
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,314</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The net operating loss carryforwards, totaling
    $2.2&#160;billion, include: U.S.&#160;federal of
    $150&#160;million, U.S.&#160;state of $1.8&#160;billion, North
    and South America of $8&#160;million and Europe and Asia of
    $197&#160;million. These tax loss carryforwards expire between
    2010 and 2029 and utilization is limited in certain
    jurisdictions. The Company recorded the benefit of tax loss
    carryforwards of $2&#160;million, $2&#160;million and
    $23&#160;million in 2007, 2008 and 2009, respectively. A
    valuation allowance for deferred income tax assets associated
    with certain net operating loss carryforwards has been
    established.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The long-term deferred tax liability associated with intangible
    assets includes a 2009 adjustment of $114&#160;million to
    correct the income tax rate used to calculate the deferred tax
    liabilities associated with the intangible assets at the
    Transaction date. The adjustment was not material to prior
    periods.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A reconciliation of the beginning and ending amount of
    unrecognized tax benefits follows (in millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="83%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2007
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2008
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Balance at beginning of year
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    28
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    20
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>38</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Reductions for settled audits
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (7
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Additions for tax positions of prior years
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Reductions for tax positions of prior years
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(4</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Additions for tax positions of current year
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Settlements for tax positions of prior years
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(3</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Additions for incremental interest
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Balance at end of year
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    20
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    38
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>38</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Included in the balance of unrecognized tax benefits at
    December&#160;31, 2009 is approximately $3&#160;million (net of
    federal and state benefit) of accrued interest and penalties.
    The Company recognizes interest and penalties related to
    uncertain tax positions in income tax expense.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company is currently under audit by the Internal Revenue
    Service for the calendar years 2003 through 2008 and various
    state and foreign jurisdiction tax years remain open to
    examination as well. At any
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-25
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    time some portion of the Company&#146;s operations are under
    audit. Accordingly, certain matters may be resolved within the
    next 12&#160;months which could result in a change in the
    liability.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2009, the Company has not accrued
    deferred U.S.&#160;income taxes on $290&#160;million of
    unremitted earnings from
    <FONT style="white-space: nowrap">non-U.S.&#160;subsidiaries</FONT>
    as such earnings are reinvested overseas and used for foreign
    debt service. If all of these earnings were to be repatriated at
    one time, the incremental U.S.&#160;tax is estimated to be
    $39&#160;million.
</DIV>
<!-- XBRL,n -->
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">10.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Segment
    Information:</FONT></B>
</TD>
</TR>

</TABLE>
<!-- XBRL,body -->
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company has four segments:&#160;&#160;FS, HE and PS, which
    together form the Company&#146;s Software&#160;&#038; Processing
    Solutions business, and AS. FS primarily serves financial
    services companies through a broad range of complementary
    software solutions that process their investment and trading
    transactions. The principal purpose of most of these systems is
    to automate the many detailed processes associated with trading
    securities, managing investment portfolios and accounting for
    investment assets.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    HE primarily provides software, strategic and systems
    integration consulting, and technology management services to
    colleges and universities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    PS primarily provides software and processing solutions designed
    to meet the specialized needs of local, state, federal and
    central governments, public safety and justice agencies, public
    schools, utilities, non-profits and other public sector
    institutions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    AS helps its customers maintain access to the information and
    computer systems they need to run their businesses by providing
    them with cost-effective resources to keep their IT systems
    reliable and secure. AS offers a complete range of availability
    services, including recovery services, managed services,
    consulting services and business continuity management software.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company evaluates the performance of its segments based on
    operating results before interest, income taxes, goodwill
    impairment, amortization of acquisition-related intangible
    assets, stock compensation and certain other costs. The
    operating results for each segment follow (in millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="41%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Total Operating<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Corporate and<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Consolidated<BR>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    2007
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    FS
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    HE
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    PS
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    AS
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Segments
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Other Items
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Total
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    543
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    410
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,448
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,901
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,901
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Depreciation and amortization
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    59
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    175
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    251
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    251
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income from operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    525
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    143
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    84
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    428
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,180
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (549
</TD>
<TD nowrap align="left" valign="bottom">
    )<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    631
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash paid for property and equipment and software
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    87
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    189
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    307
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    307
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-26
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="37%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Total Operating<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Corporate and<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Consolidated<BR>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    FS
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    HE
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    PS
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    AS
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Segments
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Other Items
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Total
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,078
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    540
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    411
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,567
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,596
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,596
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Depreciation and amortization
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    70
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    189
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    278
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    278
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income from operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    608
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    130
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    79
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    443
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,260
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (790
</TD>
<TD nowrap align="left" valign="bottom">
    )<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    470
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,998
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,062
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,362
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,646
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19,068
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3,290
</TD>
<TD nowrap align="left" valign="bottom">
    )<SUP style="font-size: 85%; vertical-align: top">(2)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15,778
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash paid for property and equipment and software
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    91
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    269
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    392
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    392
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="37%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Total Operating<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Corporate and<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Consolidated<BR>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    2009
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    FS
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    HE
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    PS
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    AS
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Segments
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Other Items
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Total
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Revenue</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3,068</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>526</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>397</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,517</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5,508</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5,508</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Depreciation and amortization</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>77</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>13</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>9</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>192</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>291</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>291</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Income from operations</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>618</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>138</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>77</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>380</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,213</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,789</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)<SUP style="font-size: 85%; vertical-align: top">(1)</SUP></B>

</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(576</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Total assets</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>8,605</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2,086</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,353</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5,695</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>17,739</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(3,759</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)<SUP style="font-size: 85%; vertical-align: top">(2)</SUP></B>

</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>13,980</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Cash paid for property and equipment and software</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>82</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>8</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>15</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>222</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>327</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>327</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes corporate administrative expenses, goodwill impairment,
    stock compensation expense, management fees paid to the
    Sponsors, merger costs and certain other items, and amortization
    of acquisition-related intangible assets of $438&#160;million,
    $515&#160;million and $540&#160;million in the years ended
    December&#160;31, 2007, 2008 and 2009, respectively.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes items that are eliminated in consolidation and deferred
    income taxes.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Amortization of acquisition-related intangible assets by segment
    follows (in millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="47%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Total Operating<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Consolidated<BR>
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    FS
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    HE
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    PS
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    AS
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Segments
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Corporate
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Total
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2007
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    238
</TD>
<TD nowrap align="left" valign="bottom">
    <SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    35
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    40
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    122
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    435
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    438
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    286
</TD>
<TD nowrap align="left" valign="bottom">
    <SUP style="font-size: 85%; vertical-align: top">(2)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    34
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    62
</TD>
<TD nowrap align="left" valign="bottom">
    <SUP style="font-size: 85%; vertical-align: top">(2)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    129
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    511
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    515
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>2009</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>303</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <SUP style="font-size: 85%; vertical-align: top">(3)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>33</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>32</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>170</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>538</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>540</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes approximately $10&#160;million of impairment charges
    related to software, customer base and goodwill.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes the combined effect of approximately $67&#160;million
    of impairment charges related to software and customer base
    affecting both FS and PS.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes approximately $35&#160;million of impairment charges
    related to software and customer base.</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    F-27
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The FS segment is organized to align with customer-facing
    business areas. FS revenue by business area follows (in
    millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="74%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2007
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2008
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Trading Systems
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    459
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    806
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>787</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Wealth Management
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    533
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    526
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>437</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Capital Markets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    321
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    333
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>290</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Global Trading
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    76
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>280</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Brokerage&#160;&#038; Clearance
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    251
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    264
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>279</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Institutional Asset Management
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    216
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    235
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>211</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Corporations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    185
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    198
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>183</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Banks
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    162
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    170
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>168</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    All other
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    373
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    470
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>433</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total Financial Systems
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,078
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3,068</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company&#146;s revenue by customer location follows (in
    millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="74%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Year Ended December&#160;31,
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2007
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2008
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    United States
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,426
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,952
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3,835</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    International:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    United Kingdom
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    635
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    639
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>590</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Continental Europe
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    511
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    609
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>598</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Canada
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    133
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    169
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>158</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Asia/Pacific
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    83
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    104
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>188</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Other
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    113
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    123
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>139</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,475
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,644
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,673</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,901
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,596
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5,508</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company&#146;s property and equipment by geographic location
    follows (in millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="74%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    December&#160;31,<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    2008
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    United States
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    628
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>614</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    International:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    United Kingdom
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    166
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>192</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Continental Europe
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    58
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>64</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Canada
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    35
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>44</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Asia/Pacific
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>10</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Other
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    270
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>311</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    898
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>925</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL,n -->
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">11.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Related
    Party Transactions:</FONT></B>
</TD>
</TR>

</TABLE>
<!-- XBRL,body -->
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SunGard is required to pay management fees to affiliates of the
    Sponsors in connection with management consulting services
    provided to SunGard and the Parent Companies. These services
    include financial, managerial and operational advice and
    implementation strategies for improving the operating, marketing
    and financial performance of SunGard and its subsidiaries. The
    management fees are equal to 1% of quarterly
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-28
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Adjusted EBITDA, defined as earnings before interest, taxes,
    depreciation and amortization, further adjusted to exclude
    unusual items and other adjustments as defined in the management
    agreement, and are payable quarterly in arrears. In addition,
    these affiliates of the Sponsors may be entitled to additional
    fees in connection with certain financing, acquisition,
    disposition and change in control transactions. For the years
    ended December&#160;31, 2007, 2008 and 2009, SunGard recorded
    $17&#160;million, $23&#160;million and $15&#160;million,
    respectively, relating to management fees in sales, marketing
    and administration expenses in the statement of operations, of
    which $10&#160;million and $4&#160;million, respectively, is
    included in other accrued expenses at December&#160;31, 2008 and
    2009, respectively.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Two of the Company&#146;s Sponsors, Goldman Sachs&#160;&#038;
    Co. and Kohlberg Kravis Roberts&#160;&#038; Co.,
    <FONT style="white-space: nowrap">and/or</FONT> their
    respective affiliates served as co-managers in connection with
    SunGard&#146;s 2008 debt offering of $500&#160;million Senior
    Notes due 2015 and $500&#160;million Incremental Term Loan. In
    connection with serving in such capacity, Goldman
    Sachs&#160;&#038; Co. and Kohlberg Kravis Roberts&#160;&#038;
    Co. were paid $26&#160;million and $4&#160;million,
    respectively, for customary fees and expenses.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with the Transaction, SCC received a
    $16&#160;million promissory note from the Company&#146;s Chief
    Executive Officer (CEO) in payment for 1.6&#160;million shares
    of Class&#160;A common stock and 0.2&#160;million shares of
    Class&#160;L common stock and SCCII received a $6&#160;million
    promissory note (together with the SCC note, the
    &#147;Notes&#148;) from the CEO in payment for 61 thousand
    shares of preferred stock. In 2007, these notes were fully
    repaid and cancelled. The Notes bore interest at a floating rate
    equal to LIBOR plus 2.5% divided by 0.84725 per annum and were
    payable on the last day of each calendar quarter in arrears.
</DIV>
<!-- XBRL,n -->
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">12.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Commitments,
    Contingencies and Guarantees:</FONT></B>
</TD>
</TR>

</TABLE>
<!-- XBRL,body -->
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company leases a substantial portion of its computer
    equipment and facilities under operating leases. The
    Company&#146;s leases are generally non-cancelable or cancelable
    only upon payment of cancellation fees. All lease payments are
    based on the passage of time, but include, in some cases,
    payments for insurance, maintenance and property taxes. There
    are no bargain purchase options on operating leases at favorable
    terms, but most facility leases have one or more renewal options
    and have either fixed or Consumer Price Index escalation
    clauses. Certain facility leases include an annual escalation
    for increases in utilities and property taxes. In addition,
    certain facility leases are subject to restoration clauses,
    whereby the facility may need to be restored to its original
    condition upon termination of the lease. There were
    $30&#160;million of restoration liabilities included in accrued
    expenses at December&#160;31, 2009.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Future minimum rentals under operating leases with initial or
    remaining non-cancelable lease terms in excess of one year at
    December&#160;31, 2009 follow (in millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="92%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2010
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    211
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2011
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    181
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2012
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    157
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2013
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    135
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2014
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    118
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Thereafter
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    571
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,373
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Rent expense aggregated $208&#160;million in 2007,
    $226&#160;million in 2008 and $242&#160;million in 2009.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At December&#160;31, 2009, the Company had outstanding letters
    of credit and bid bonds of $39&#160;million, issued primarily as
    security for performance under certain customer contracts. In
    connection with certain previously acquired businesses, up to
    $57&#160;million could be paid as additional consideration
    depending on the future operating results of those businesses
    (see Note&#160;2).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the event that the management agreement described in
    Note&#160;13 is terminated by the Sponsors (or their affiliates)
    or SunGard and its Parent Companies, the Sponsors (or their
    affiliates) will receive a lump sum payment equal to the present
    value of the annual management fees that would have been payable
    for the
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-29
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    remainder of the term of the management agreement. The initial
    term of the management agreement is ten years, and it extends
    annually for one year unless the Sponsors (or their affiliates)
    or SunGard and its Parent Companies provide notice to the other.
    The initial ten year term expires August&#160;11, 2015.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company is presently a party to certain lawsuits arising in
    the ordinary course of its business. In the opinion of
    management, none of its current legal proceedings will be
    material to the Company&#146;s business or financial results.
    The Company&#146;s customer contracts generally include typical
    indemnification of customers, primarily for intellectual
    property infringement claims. Liabilities in connection with
    such obligations have not been material.
</DIV>
<!-- XBRL,n -->
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">13.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Quarterly
    Financial Data (unaudited):</FONT></B>
</TD>
</TR>

</TABLE>
<!-- XBRL,body -->
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="67%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    First<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Second<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Third<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    Fourth<BR>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Quarter
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Quarter
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Quarter
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Quarter
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,302
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,357
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,394
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,543
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Gross
    profit<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    659
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    704
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    666
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    823
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Income (loss) before income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (40
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (26
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (140
</TD>
<TD nowrap align="left" valign="bottom">
    )<SUP style="font-size: 85%; vertical-align: top">(2)</SUP>

</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Net income (loss)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (22
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (35
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (187
</TD>
<TD nowrap align="left" valign="bottom">
    )<SUP style="font-size: 85%; vertical-align: top">(2)</SUP>

</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2009
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,335</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,369</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,337</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,467</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Gross
    profit<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>644</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>664</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>695</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>796</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Income (loss) before income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(43</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(7</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(43</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,098</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B><SUP style="font-size: 85%; vertical-align: top">(4)</SUP>

</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Net income (loss)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(34</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(7</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(40</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B><SUP style="font-size: 85%; vertical-align: top">(3)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(1,037</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B><SUP style="font-size: 85%; vertical-align: top">(4)</SUP>

</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Gross profit equals revenue less cost of sales and direct
    operating expenses.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes pre-tax goodwill impairment charge of $128&#160;million
    and an $8&#160;million charge to correct previously reported
    loss on sale of receivables in connection with the
    Company&#146;s accounts receivable securitization program, which
    was terminated in December 2008.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes a $12&#160;million favorable adjustment primarily
    related to utilization in our 2008 U.S. federal income tax
    return of foreign tax credit carryforwards that were not
    expected to be utilized at the time of the 2008 tax provision.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes pre-tax goodwill impairment charge of
    $1.13&#160;billion.</TD>
</TR>

</TABLE>
<!-- XBRL,n -->
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">14.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Supplemental
    Guarantor Condensed Consolidating Financial
    Statements:</FONT></B>
</TD>
</TR>

</TABLE>
<!-- XBRL,body -->
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On August&#160;11, 2005, in connection with the Transaction,
    SunGard issued $3.0&#160;billion aggregate principal amount of
    senior notes and senior subordinated notes, $2.6&#160;billion of
    which was outstanding at December&#160;31, 2009, as described in
    Note&#160;5. On September&#160;29, 2008, SunGard issued
    $500&#160;million aggregate principal amount of senior notes due
    2015, all of which was outstanding at December&#160;31, 2009.
    The senior notes are jointly and severally, fully and
    unconditionally guaranteed on a senior unsecured basis and the
    senior subordinated notes are jointly and severally, fully and
    unconditionally guaranteed on an unsecured senior subordinated
    basis, in each case, subject to certain exceptions, by
    substantially all wholly owned, domestic subsidiaries of SunGard
    (collectively, the &#147;Guarantors&#148;). Each of the
    Guarantors is 100% owned, directly or indirectly, by SunGard.
    None of the other subsidiaries of SunGard, either direct or
    indirect, nor any of the Holding Companies, guarantee the senior
    notes and senior subordinated notes
    (&#147;Non-Guarantors&#148;). The Guarantors also
    unconditionally guarantee the senior secured credit facilities,
    described in Note&#160;5.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-30
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following tables present the financial position, results of
    operations and cash flows of SunGard (referred to as
    &#147;Parent Company&#148; for purposes of this note only), the
    Guarantor subsidiaries, the Non-Guarantor subsidiaries and
    Eliminations as of December&#160;31, 2008 and 2009, and for the
    years ended December&#160;31, 2007, 2008 and 2009 to arrive at
    the information for SunGard on a consolidated basis. SCC and
    SCCII are neither parties nor guarantors to the debt issued as
    described in Note&#160;5.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Supplemental Condensed Consolidating Balance Sheet
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="43%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    December&#160;31, 2008
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Parent<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Guarantor<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Non-Guarantor<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Company
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Subsidiaries
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Subsidiaries
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Eliminations
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Consolidated
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom">
    (In millions)
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Current:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    511
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    16
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    448
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    975
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Intercompany balances
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (5,192
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,268
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (76
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Trade receivables, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    406
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    377
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    782
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Prepaid expenses, taxes and other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,680
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    75
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    660
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,677
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    738
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3,002
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,765
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,409
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,677
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,495
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Property and equipment, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    619
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    278
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    898
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Intangible assets, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    178
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,106
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    773
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,057
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Intercompany balances
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    967
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (720
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (247
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Goodwill
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,146
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,182
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,328
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Investment in subsidiaries
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13,686
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,298
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (15,984
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 40pt">
    Total Assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    11,830
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    18,214
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,395
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (17,661
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    15,778
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Liabilities and Stockholder&#146;s Equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Current:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Short-term and current portion of long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    295
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    18
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    322
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Accounts payable and other current liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    319
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,611
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    995
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,677
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,248
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total current liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    614
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,620
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,013
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,677
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,570
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,227
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    317
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,553
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Intercompany debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (8
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    416
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (162
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (246
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (66
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,483
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    175
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,592
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 40pt">
    Total liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,767
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,528
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,343
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,923
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,715
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total stockholder&#146;s equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,063
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13,686
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,052
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (15,738
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,063
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 40pt">
    Total Liabilities and Stockholder&#146;s Equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    11,830
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    18,214
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,395
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (17,661
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    15,778
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-31
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="43%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" nowrap align="center" valign="bottom">
    Supplemental Condensed Consolidating Balance Sheet<BR>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    December&#160;31, 2009
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Parent<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Guarantor<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Non-Guarantor<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Company
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Subsidiaries
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Subsidiaries
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Eliminations
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Consolidated
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" nowrap align="center" valign="bottom">
    (In millions)
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Current:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    126
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (9
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    547
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    664
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Intercompany balances
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (6,563
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,787
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    776
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Trade receivables, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    734
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    402
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,136
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Prepaid expenses, taxes and other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,017
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    77
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    417
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,968
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    543
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (4,420
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,589
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,142
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,968
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,343
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Property and equipment, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    603
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    321
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    925
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Intangible assets, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    164
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,756
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    614
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,534
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Intercompany balances
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    961
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (691
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (270
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Goodwill
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,895
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,283
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,178
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Investment in subsidiaries
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13,394
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,490
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (15,884
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 40pt">
    Total Assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    10,100
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    17,642
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,090
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (17,852
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    13,980
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Liabilities and Stockholder&#146;s Equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Current:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Short-term and current portion of long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    45
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    12
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    64
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Accounts payable and other current liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    272
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,901
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,079
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,968
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,284
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total current liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    317
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,908
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,091
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,968
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,348
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,687
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    561
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,251
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Intercompany debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    82
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    103
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (31
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (154
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (53
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,234
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    133
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,314
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 40pt">
    Total liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,033
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,248
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,754
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2,122
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11,913
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total stockholder&#146;s equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,067
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13,394
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,336
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (15,730
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,067
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 40pt">
    Total Liabilities and Stockholder&#146;s Equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    10,100
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    17,642
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,090
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (17,852
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    13,980
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    F-32
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Supplemental
    Condensed Consolidating Schedule of Operations</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="44%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Year Ended December&#160;31, 2007
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Parent<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Guarantor<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Non-Guarantor<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Company
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Subsidiaries
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Subsidiaries
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Eliminations
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Consolidated
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom">
    (In millions)
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,436
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,610
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (145
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,901
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Costs and expenses:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cost of sales and direct operating
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,546
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    867
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (145
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,268
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Sales, marketing and administration
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    124
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    546
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    372
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,042
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Product development
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    173
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    98
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    271
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Depreciation and amortization
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    184
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    67
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    251
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Amortization of acquisition-related intangible assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    363
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    71
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    438
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    128
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,812
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,475
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (145
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,270
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income (loss) from operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (128
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    624
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    135
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    631
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Net interest income (expense)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (606
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (70
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (626
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Other income (expense)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    403
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    59
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (43
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (487
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (68
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income (loss) before income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (331
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    613
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    142
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (487
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (63
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Benefit from (provision for) income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    271
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (181
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (87
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net income (loss)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (60
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    432
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    55
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (487
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (60
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Supplemental
    Condensed Consolidating Schedule of Operations</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="44%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Year Ended December&#160;31, 2008
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Parent<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Guarantor<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Non-Guarantor<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Company
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Subsidiaries
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Subsidiaries
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Eliminations
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Consolidated
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom">
    (In millions)
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,540
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,149
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (93
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,596
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Costs and expenses:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cost of sales and direct operating
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,558
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,279
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (93
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,744
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Sales, marketing and administration
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    111
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    583
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    457
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,151
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Product development
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    183
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    125
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    308
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Depreciation and amortization
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    205
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    73
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    278
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Amortization of acquisition-related intangible assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    373
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    138
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    515
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Goodwill impairment charge and merger costs
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    128
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    130
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    116
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,903
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,200
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (93
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,126
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income (loss) from operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (116
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    637
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (51
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    470
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Net interest income (expense)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (533
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (18
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (30
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (581
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Other income (expense)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    173
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (209
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (72
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (93
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income (loss) before income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (476
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    410
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (153
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (204
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Benefit from (provision for) income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    234
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (212
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (60
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (38
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net income (loss)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (242
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    198
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (213
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (242
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-33
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Supplemental
    Condensed Consolidating Schedule of Operations
    (Successor)</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="44%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Year Ended December&#160;31, 2009
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Parent<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Guarantor<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Non-Guarantor<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Company
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Subsidiaries
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Subsidiaries
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Eliminations
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Consolidated
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom">
    (In millions)
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,429
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,182
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (103
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,508
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Costs and expenses:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cost of sales and direct operating
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,462
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,350
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (103
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,709
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Sales, marketing and administration
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    98
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    593
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    421
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,112
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Product development
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    166
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    136
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    302
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Depreciation and amortization
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    214
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    77
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    291
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Amortization of acquisition-related intangible assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    404
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    134
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    540
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Goodwill impairment charge and merger costs
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,126
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,130
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    101
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,965
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,121
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (103
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,084
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income (loss) from operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (101
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (536
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    61
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (576
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Net interest income (expense)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (547
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (48
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (35
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (630
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Other income (expense)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (707
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (21
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    732
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income (loss) before income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,355
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (605
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    37
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    732
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,191
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Benefit from (provision for) income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    237
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (101
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (63
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    73
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net income (loss)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,118
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (706
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (26
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    732
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,118
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-34
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Supplemental
    Condensed Consolidating Schedule of Cash Flows</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="44%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Year Ended December&#160;31, 2007
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Parent<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Guarantor<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Non-Guarantor<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Company
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Subsidiaries
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Subsidiaries
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Eliminations
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Consolidated
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom">
    (In millions)
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash flow from operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Net income (loss)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (60
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    432
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    55
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (487
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (60
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Non cash adjustments
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (368
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    403
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    139
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    487
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    661
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Changes in operating assets and liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (793
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    854
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    39
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Cash flow provided by (used in) operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,221
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,689
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    233
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    701
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Investment activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Intercompany transactions
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,219
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,222
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cash paid for acquired businesses, net of cash acquired
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (237
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (28
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (265
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cash paid for property and equipment and software
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (211
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (96
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (307
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Other investing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Cash provided by (used in) investment activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,221
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,664
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (121
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (564
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Financing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Net repayments of long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (17
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (4
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (11
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (32
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Cash used in financing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (17
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (4
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (11
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (32
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Effect of exchange rate changes on cash
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Increase (decrease) in cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (17
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    107
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    111
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Beginning cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    56
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (19
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    279
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    316
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Ending cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    39
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    386
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    427
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-35
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Supplemental
    Condensed Consolidating Schedule of Cash Flows</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="44%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Year Ended December&#160;31, 2008
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Parent<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Guarantor<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Non-Guarantor<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Company
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Subsidiaries
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Subsidiaries
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Eliminations
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Consolidated
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom">
    (In millions)
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash flow from operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Net income (loss)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (242
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    198
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (213
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (242
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Non cash adjustments
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (128
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    720
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    358
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (15
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    935
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Changes in operating assets and liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (672
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    462
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (98
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (308
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Cash flow provided by (used in) operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,042
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,380
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    47
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    385
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Investment activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Intercompany transactions
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    141
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (439
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    298
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cash paid for acquired businesses, net of cash acquired
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (657
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (64
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (721
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cash paid for property and equipment and software
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (261
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (132
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (392
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Other investing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (12
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Cash provided by (used in) investment activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    146
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,369
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    114
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,109
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Financing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Net borrowings (repayments) of long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,390
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (68
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,325
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Other financing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (22
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (22
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Cash provided by (used in) financing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,368
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (68
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,303
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Effect of exchange rate changes on cash
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (31
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (31
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Increase in cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    472
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    62
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    548
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Beginning cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    39
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    386
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    427
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Ending cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    511
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    16
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    448
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    975
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-36
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL --><DIV style="margin-top: 0pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Supplemental
    Condensed Consolidating Schedule of Cash Flows</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="44%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Year Ended December&#160;31, 2009
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Parent<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Guarantor<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Non-Guarantor<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Company
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Subsidiaries
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Subsidiaries
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Eliminations
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Consolidated
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom">
    (In millions)
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash flow from operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Net income (loss)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,118
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (706
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (26
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    732
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,118
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Non cash adjustments
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    776
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,646
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    158
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (732
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,848
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Changes in operating assets and liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (334
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (115
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    358
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (91
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Cash flow provided by (used in) operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (676
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    825
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    490
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    639
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Investment activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Intercompany transactions
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,138
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (598
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (540
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cash paid for acquired businesses, net of cash acquired
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (13
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (13
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cash paid for property and equipment and software
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (231
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (96
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (327
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Other investing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Cash provided by (used in) investment activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,138
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (842
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (629
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (333
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Financing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Net repayments of long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (844
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (8
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    227
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (625
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Other financing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Cash provided by (used in) financing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (847
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (8
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    227
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (628
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Effect of exchange rate changes on cash
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Increase (decrease) in cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (385
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (25
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    99
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (311
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Beginning cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    511
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    448
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    975
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Ending cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    126
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (9
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    547
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    664
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

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    <BR>
    F-37
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<CENTER style="font-size: 1pt; width: 100%; border-bottom: 2pt solid #000000"></CENTER>

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 24pt">SunGard Data Systems
    Inc.</FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 14pt">9<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">8</FONT>
    Senior Notes due 2013</FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 14pt">10<FONT style="vertical-align: text-top; font-size: 70%;">5</FONT>/<FONT style="font-size: 70%;">8</FONT>
    Senior Notes due 2015</FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 14pt">10<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">4</FONT>
    Senior Subordinated Notes due 2015</FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 14%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 12pt">PROSPECTUS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 14%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;,
    2009
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER>

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 2pt solid #000000"></CENTER>
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</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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    <B><FONT style="font-family: 'Times New Roman', Times">PART&#160;II<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">INFORMATION
    NOT REQUIRED IN PROSPECTUS</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="9%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Item&#160;13.<I>&#160;&#160;</I></FONT></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Other
    Expenses of Issuance and Distribution.</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each of the registration rights agreements relating to the
    securities of the Registrants being registered hereby provides
    that SunGard Data Systems Inc. will bear all expenses in
    connection with the performance of its obligations relating to
    the market-making activities of Goldman, Sachs&#160;&#038; Co.
    and its affiliates. These expenses include printer expenses and
    accounting and legal fees in an approximate amount of $115,000.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="9%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Item&#160;14.<I>&#160;&#160;</I></FONT></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Indemnification
    of Directors and Officers.</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;SunGard Data Systems Inc., Advanced Portfolio
    Technologies, Inc., GL Trade Overseas, Inc., Online Securities
    Processing Inc., SRS Development Inc., SunGard Asia Pacific
    Inc., SunGard Availability Services, Ltd., SunGard Development
    Corporation, SunGard DIS Inc., SunGard Energy Systems Inc.,
    SunGard Higher Education Inc., SunGard Higher Education Managed
    Services Inc., SunGard iWORKS P&#038;C (US) Inc., SunGard
    NetWork Solutions Inc., SunGard SAS Holdings Inc., SunGard
    Software Inc. and SunGard VeriCenter Inc. are each incorporated
    under the laws of Delaware.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Section&#160;145 of the Delaware General Corporation Law (the
    &#147;DGCL&#148;) grants each corporation organized thereunder
    the power to indemnify any person who is or was a director,
    officer, employee or agent of a corporation or enterprise,
    against expenses, including attorneys&#146; fees, judgments,
    fines and amounts paid in settlement actually and reasonably
    incurred by him in connection with any threatened, pending or
    completed action, suit or proceeding, whether civil, criminal,
    administrative or investigative, other than an action by or in
    the right of the corporation, by reason of being or having been
    in any such capacity, if he acted in good faith in a manner
    reasonably believed to be in, or not opposed to, the best
    interests of the corporation, and, with respect to any criminal
    action or proceeding, had no reasonable cause to believe his
    conduct was unlawful.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Section&#160;102(b)(7) of the DGCL enables a corporation in its
    certificate of incorporation or an amendment thereto to
    eliminate or limit the personal liability of a director to the
    corporation or its stockholders of monetary damages for
    violations of the directors&#146; fiduciary duty of care, except
    (i)&#160;for any breach of the director&#146;s duty of loyalty
    to the corporation or its stockholders, (ii)&#160;for acts or
    omissions not in good faith or that involve intentional
    misconduct or a knowing violation of law, (iii)&#160;pursuant to
    Section&#160;174 of the DGCL (providing for liability of
    directors for unlawful payment of dividends or unlawful stock
    purchases or redemptions) or (iv)&#160;for any transaction from
    which a director derived an improper personal benefit.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In accordance with these provisions, the articles of
    incorporation
    <FONT style="white-space: nowrap">and/or</FONT> the
    bylaws of SunGard Data Systems Inc. and each of SunGard Data
    Systems Inc.&#146;s guarantors incorporated in Delaware and
    listed above provide for indemnification of any person who is,
    was or shall be a director, officer, employee or agent of the
    corporation, to the full extent permitted by the DGCL, as
    amended from time to time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Automated Securities Clearance LLC, SunGard Ambit LLC,
    Inflow LLC, SIS Europe Holdings LLC, SunGard Business Systems
    LLC, SunGard Computer Services LLC, SunGard Consulting Services
    LLC, SunGard CSA LLC, SunGard eProcess Intelligence LLC, SunGard
    Financial Systems LLC, SunGard Investment Systems LLC, SunGard
    Investment Ventures LLC, SunGard iWORKS LLC, SunGard Kiodex LLC,
    SunGard Reference Data Solutions LLC, SunGard Securities Finance
    LLC, SunGard Securities Finance International LLC, SunGard
    Shareholder Systems LLC, SunGard Technology Services LLC and
    SunGard Workflow Solutions LLC are each limited liability
    companies organized under the laws of Delaware.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="white-space: nowrap">Section&#160;18-108</FONT>
    of the Delaware Limited Liability Company Act empowers a
    Delaware limited liability company to indemnify and hold
    harmless any member or manager of the limited liability company
    from and against any and all claims and demands whatsoever.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In accordance with these provisions, the Limited Liability
    Company Agreements of Automated Securities Clearance LLC,
    SunGard Ambit LLC, Inflow LLC, SIS Europe Holdings LLC, SunGard
    Business Systems LLC, SunGard Computer Services LLC, SunGard
    Consulting Services LLC, SunGard CSA LLC, SunGard
</DIV>
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    <BR>
    II-1
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    eProcess Intelligence LLC, SunGard Financial Systems LLC,
    SunGard Investment Systems LLC, SunGard Investment Ventures LLC,
    SunGard iWORKS LLC, SunGard Kiodex LLC, SunGard Reference Data
    Solutions LLC, SunGard Securities Finance LLC, SunGard
    Securities Finance International LLC, SunGard Shareholder
    Systems LLC, SunGard Technology Services LLC and SunGard
    Workflow Solutions LLC state that the company shall indemnify,
    defend and hold harmless the member and any director, officer,
    partner, stockholder, controlling person or employee of the
    member, each member of the board of managers and any person
    serving at the request of the company from any liability, loss
    or damage incurred by the indemnified party by reason of any act
    performed or omitted to be performed by the indemnified party in
    connection with the business of the company including reasonable
    attorneys&#146; fees and costs and any amounts expended in the
    settlement of any such claims of liability, loss or damage;
    provided however, that if the liability, loss, damage or claim
    arises out of any action or inaction of an indemnified party,
    indemnification shall be available only if (a)&#160;either
    (i)&#160;the indemnified party, at the time of such action or
    inaction determined in good faith that its, his or her course of
    conduct was in, or not opposed to, the best interests of the
    company or (ii)&#160;in the case of inaction by the indemnified
    party, the indemnified party did not intend its, his or her
    inaction to be harmful or opposed to the best interests of the
    company and (b)&#160;the action or inaction did not constitute
    fraud, gross negligence or willful misconduct by the indemnified
    party.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;SunGard AvantGard LLC is a limited liability company
    organized under the laws of California.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under Section&#160;17153 of the California Limited Liability
    Company Act, except for a breach of duty, the articles of
    organization or written operating agreement of a limited
    liability company may provide for indemnification of any person,
    including, without limitation, any manager, member, officer,
    employee or agent of the limited liability company, against
    judgments, settlements, penalties, fines or expenses of any kind
    incurred as a result of acting in that capacity. A limited
    liability company shall have the power to purchase and maintain
    insurance on behalf of any manager, member, officer, employee or
    agent of the limited liability company against any liability
    asserted against on incurred by the person in that capacity or
    arising out of the person&#146;s status as a manager, member,
    officer, employee or agent of the limited liability company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Limited Liability Company Agreement of SunGard AvantGard LLC
    states that the company shall indemnify, defend and hold
    harmless the member and any director, officer, partner,
    stockholder, controlling person or employee of the member, each
    member of the board of managers and any person serving at the
    request of the company from any liability, loss or damage
    incurred by the indemnified party by reason of any act performed
    or omitted to be performed by the indemnified party in
    connection with the business of the company including reasonable
    attorneys&#146; fees and costs and any amounts expended in the
    settlement of any such claims of liability, loss or damage;
    provided however, that if the liability, loss, damage or claim
    arises out of any action or inaction of an indemnified party,
    indemnification shall be available only if (a)&#160;either
    (i)&#160;the indemnified party, at the time of such action or
    inaction determined in good faith that its, his or her course of
    conduct was in, or not opposed to, the best interests of the
    company or (ii)&#160;in the case of inaction by the indemnified
    party, the indemnified party did not intend its, his or her
    inaction to be harmful or opposed to the best interests of the
    company and (b)&#160;the action or inaction did not constitute
    fraud, gross negligence or willful misconduct by the indemnified
    party.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;SunGard Public Sector Inc. is incorporated under the
    laws of Florida.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Section&#160;607.0850 of the Florida Business Corporation Act,
    as amended (&#147;FBCA&#148;), grants a corporation organized
    thereunder the authority to indemnify each of its directors and
    officers in connection with actions, suits and proceedings
    brought against such person if he or she acted in good faith and
    in a manner which he or she reasonably believed to be in, or not
    opposed to, the best interests of the corporation and, with
    respect to any criminal actions, had no reasonable cause to
    believe his or her conduct was unlawful. Unless pursuant to a
    determination by a court, the determination of whether a
    director, officer or employee has acted in accordance with the
    applicable standard of conduct must be made by (i)&#160;a
    majority vote of directors who were not parties to the
    proceeding or a committee consisting solely of two or more
    directors not parties to the proceeding, (ii)&#160;independent
    legal counsel selected by a majority vote of the directors who
    were not parties to the proceeding or by a committee of
    directors duly designated by the board of directors consisting
    solely of two or more directors not at the time parties to the
    proceeding (or selected by the full board if a quorum or
</DIV>
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    <BR>
    II-2
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    committee cannot be obtained), or (iii)&#160;the affirmative
    vote of the majority of the corporation&#146;s shareholders who
    were not parties to the proceeding.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The FBCA further provides that a corporation may make any other
    or further indemnity by resolution, bylaw, agreement, vote of
    shareholders or disinterested directors or otherwise, except
    with respect to certain enumerated acts or omissions of such
    persons. Florida law prohibits indemnification or advancement of
    expenses if a judgment or other final adjudication establishes
    that the actions of a director, officer or employee constitute
    (i)&#160;a violation of criminal law, unless the person had
    reasonable cause to believe his or her conduct was lawful,
    (ii)&#160;a transaction from which such person derived an
    improper personal benefit, (iii)&#160;willful misconduct or
    conscious disregard for the best interests of the corporation in
    the case of a derivative action by a shareholder or (iv)&#160;in
    the case of a director, a circumstance under which a director
    would be liable for improper distributions under
    Section&#160;607.0834 of the FBCA. The FBCA does not affect a
    director&#146;s responsibilities under any other law, such as
    federal securities laws.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The articles of incorporation
    <FONT style="white-space: nowrap">and/or</FONT> the
    by-laws of the corporation provides that the corporation will
    indemnify any and all persons whom it has the power to indemnify
    from and against any and all of the expenses, liabilities or
    other matters referred to in the FBCA.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;Exeter Educational Management Systems, Inc. is
    incorporated under the laws of Massachusetts.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Chapter&#160;156B, Section&#160;67 of the Annotated Laws of
    Massachusetts (the Massachusetts Business Corporation Act)
    (&#147;MBCA&#148;) states that indemnification of directors,
    officers, employees and other agents of a corporation may be
    provided by it to whatever extent authorized by the articles of
    organization or a bylaw adopted by the stockholders or a vote
    adopted by the holders of a majority of the shares of stock
    entitled to vote on the election of directors. Except as the
    articles of organization or bylaws otherwise require,
    indemnification of any such persons who are not directors of the
    corporation may be provided by it to the extent authorized by
    the directors. Such indemnification may include payment by the
    corporation of expenses incurred in defending a civil or
    criminal action or proceeding in advance of the final
    disposition of such action or proceeding, upon receipt of an
    undertaking by the person indemnified to repay such payment if
    he shall be adjudicated to be not entitled to indemnification.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No indemnification may be provided for any person with respect
    to any matter as to which he shall have been adjudicated in any
    proceeding not to have acted in good faith in the reasonable
    belief that his action was in the best interest of the
    corporation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A corporation shall also have power to purchase and maintain
    insurance on behalf of any person who is or was a director,
    officer, employee or other agent of the corporation whether or
    not the corporation would have the power to indemnify him
    against such liability.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The articles of organization
    <FONT style="white-space: nowrap">and/or</FONT> the
    bylaws of the corporation provide that, to the fullest extent
    permitted by the MBCA, as amended from time to time, the
    corporation will indemnify any and all persons whom it has the
    power to indemnify from and against any and all of the expenses,
    liabilities or other matters referred to in the MBCA.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The corporation, acting through its board of directors, has the
    power to purchase and maintain insurance on behalf of any person
    who is or was a director, officer, employee or other agent of
    the corporation or is or was serving at the request of the
    corporation as a director, officer, employee or other agent of
    another organization in which it has an interest, against any
    liability incurred by him in any such capacity, or arising out
    of his status as such, whether or not the corporation would have
    the power to indemnify him against such liability.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;SunGard VPM Inc. is incorporated under the laws of New
    York.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The New York Business Corporation Law (&#147;BCL&#148;),
    Article&#160;7,
    <FONT style="white-space: nowrap">Sections&#160;721-726</FONT>
    provide for the indemnification and advancement of expenses to
    officers and directors. Indemnification and advancement pursuant
    to the BCL are not exclusive of any other rights an officer or
    director may be entitled to, provided that no indemnification
    may be made to or on behalf of any director or officer if a
    judgment or other final adjudication adverse to the director or
    officer establishes that his acts were committed in bad faith or
    were the
</DIV>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-3
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    result of active and deliberate dishonesty and were material to
    the cause of action so adjudicated, or that the director
    personally gained a financial profit or other advantage to which
    he or she was not legally entitled.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A corporation may indemnify an officer or director, in the case
    of third party actions, against judgments, fines, amounts paid
    in settlement and reasonable expenses and, in the case of
    derivative actions, against amounts paid in settlement and
    reasonable expenses, provided that the director or officer acted
    in good faith, for a purpose which he or she reasonably believed
    to be in the best interests of the corporation and, in the case
    of criminal actions, had no reasonable cause to believe his
    conduct was unlawful. A corporation may obtain indemnification
    insurance indemnifying itself and its directors and officers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The bylaws of the corporation provide that the corporation shall
    indemnify any person made, or threatened to be made, a party to
    an action or proceeding, whether civil or criminal, provided
    that no indemnification may be made to or on behalf of any
    director or officer if a judgment or other final adjudication
    adverse to the director or officer establishes that his acts
    were committed in bad faith or were the result of active and
    deliberate dishonesty and were material to the cause of action
    so adjudicated, or if he personally gained in fact a financial
    profit or other advantage to which he was not legally entitled.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;SunGard Systems International Inc. is incorporated
    under the laws of Pennsylvania.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under Section&#160;1741 of the Pennsylvania Business Corporation
    Law of 1988 (the &#147;PBCL&#148;), subject to certain
    limitations, a corporation has the power to indemnify directors,
    officers and other parties under certain prescribed
    circumstances against expenses (including attorneys&#146; fees),
    judgments, fines and amounts paid in settlement actually and
    reasonably incurred in connection with a threatened, pending or
    completed action or proceeding, whether civil, criminal,
    administrative or investigative, to which any of them is a party
    or threatened to be made a party by reason of his being a
    representative of the corporation or serving at the request of
    the corporation as a representative of another corporation,
    partnership, joint venture, trust or other enterprise, if he
    acted in good faith and in a manner he reasonably believed to be
    in, or not opposed to, the best interests of the corporation
    and, with respect to any criminal proceeding, had no reasonable
    cause to believe his conduct was unlawful.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Expenses incurred by parties in defending any action may be paid
    by the corporation in advance of the final disposition of such
    action or proceeding upon receipt of an undertaking by or on
    behalf of the party to repay such amount if it shall ultimately
    be determined that he is not entitled to be indemnified by the
    corporation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The bylaws of the corporation provides that the corporation may
    indemnify any person who is or was or shall be a director or
    officer of the corporation, and may indemnify any person who is
    or was or shall be an employee or agent of the corporation, to
    the fullest extent permitted by the PBCL, from time to time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;SunGard Availability Services LP is a limited
    partnership governed by the laws of Pennsylvania.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under Section&#160;8508 of the Pennsylvania Revised Uniform
    Limited Partnership Act, a limited partnership may, and shall
    have the power to, indemnify and hold harmless any partner or
    other person from and against any and all claims and demands
    whatsoever, subject to such standards and restrictions as are
    set forth in the partnership agreement. Indemnification shall
    not be made in any case where the act giving rise to the claim
    for indemnification is determined by a court to have constituted
    willful misconduct or recklessness. The certificate of limited
    partnership or partnership agreement may not provide for
    indemnification in the case of willful misconduct or
    recklessness.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Indemnification may be granted for any action taken and may be
    made whether or not the limited partnership would have the power
    to indemnify the person under any other provision of law except
    as provided in this section and whether or not the indemnified
    liability arises or arose from any threatened, pending or
    completed action by or in the right of the limited partnership.
    Expenses incurred by a partner or other person in defending any
    action or proceeding against which indemnification may be made
    pursuant to this section may be paid by the limited partnership
    in advance of the final disposition of such action or proceeding.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Agreement of Limited Partnership of SunGard Availability
    Services LP states that the partnership shall indemnify and hold
    harmless the general partner, any member, manager, officer,
    director, shareholder,
</DIV>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-4
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    employee, or agent of the general partner, and any officer of
    the partnership against any loss or damage (including
    attorneys&#146; and other professional fees) incurred by the
    indemnified party on behalf of the partnership or in furtherance
    of the partnership&#146;s interests, without relieving the
    indemnified party of liability for willful misconduct or
    recklessness. The satisfaction of any indemnification is limited
    to the partnership&#146;s assets and no partner shall have any
    liability on account thereof. This indemnification right
    includes the right to be paid or reimbursed by the indemnified
    party in advance of the disposition of any proceeding.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="9%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Item&#160;16.<I>&#160;&#160;</I></FONT></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Exhibits
    and Financial Statement Schedules.</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">(a)&#160;Exhibits</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=01 type=align1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="86%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<!-- TableOutputBody -->
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Amended and Restated Certificate of Incorporation of SunGard
    Data Systems Inc. (incorporated by reference to the Exhibits
    filed with SunGard Data Systems Inc.&#146;s Quarterly Report on
    Form 10-Q for the quarterly period ended September 30, 2005
    (Commission File No. 1-12989)).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Amended and Restated Bylaws of SunGard Data Systems Inc.
    (incorporated by reference to the Exhibits filed with SunGard
    Data Systems Inc.&#146;s Annual Report on Form 10-K for the year
    ended December 31, 2007 (Commission File No. 1-12989)).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .3****
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Incorporation of Advanced Portfolio Technologies,
    Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .4****
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Bylaws of Advanced Portfolio Technologies, Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .5*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Formation of Automated Securities Clearance LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .6*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Limited Liability Company Agreement of Automated Securities
    Clearance LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .7*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Articles of Organization of Exeter Educational Management
    Systems, Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .8*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    By-laws of Exeter Educational Management Systems, Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .9&#134;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Incorporation of GL Trade Overseas, Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .10&#134;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    By-laws of GL Trade Overseas, Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .11*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Formation of Inflow LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .12*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Limited Liability Company Agreement of Inflow LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .13*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Incorporation of Online Securities Processing Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .14*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    By-laws of Online Securities Processing Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .15****
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Formation &#151;&#160;Conversion of SIS Europe
    Holdings LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .16****
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Limited Liability Company Agreement of SIS Europe Holdings LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .17*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Incorporation of SRS Development Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .18*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    By-laws of SRS Development Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .19&#134;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Merger of SunGard Ambit LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .20&#134;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Limited Liability Agreement of SunGard Ambit LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .21*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Incorporation of SunGard Asia Pacific Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .22*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    By-laws of SunGard Asia Pacific Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .23*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Limited Partnership of SunGard Availability
    Services LP
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .24*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Limited Partnership Agreement of SunGard Availability Services LP
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .25*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Incorporation of SunGard Availability Services
    Ltd.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .26*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    By-laws of SunGard Availability Services Ltd.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .27***
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Formation of SunGard AvantGard LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .28***
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Limited Liability Company Agreement of SunGard AvantGard LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .29******
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Formation of SunGard Business Systems LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .30******
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Limited Liability Company Agreement of SunGard Business Systems
    LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .31*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Formation of SunGard Computer Services LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .32****
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Limited Liability Company Agreement of SunGard Computer Services
    LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .33****
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Formation &#151;&#160;Conversion of SunGard
    Consulting Services LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .34****
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Limited Liability Company Agreement of SunGard Consulting
    Services LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .35*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Formation of SunGard CSA LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .36*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Limited Liability Company Agreement of SunGard CSA LLC
</TD>
</TR>
</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-5
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<!-- XBRL Table Pagebreak -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=01 type=align1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="86%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<!-- TableOutputBody -->
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .37*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Incorporation of SunGard Development Corporation
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .38*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    By-laws of SunGard Development Corporation
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .39*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Incorporation of SunGard DIS Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .40*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    By-laws of SunGard DIS Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .41*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Incorporation of SunGard Energy Systems Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .42*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    By-laws of SunGard Energy Systems Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .43**
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Formation of SunGard eProcess Intelligence LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .44**
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Limited Liability Company Agreement of SunGard eProcess
    Intelligence LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .45*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Formation of SunGard Financial Systems LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .46*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    By-laws of SunGard Financial Systems LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .47**
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Incorporation of SunGard Higher Education Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .48**
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    By-laws of SunGard Higher Education Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .49**
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Incorporation of SunGard Higher Education Managed
    Services Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .50**
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    By-laws of SunGard Higher Education Managed Services Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .51*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Formation of SunGard Investment Systems LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .52*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Limited Liability Company Agreement of SunGard Investment
    Systems LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .53*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Formation of SunGard Investment Ventures LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .54*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Limited Liability Company Agreement of SunGard Investment
    Ventures LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .55***
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Formation of SunGard iWORKS LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .56***
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Limited Liability Company Agreement of SunGard iWORKS LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .57****
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Incorporation of SunGard iWORKS P&#038;C (US) Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .58***
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    By-laws of SunGard iWORKS P&#038;C (US) Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .59&#134;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Formation-Conversion of SunGard Kiodex LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .60&#134;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Limited Liability Company Agreement of SunGard Kiodex LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .61*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Incorporation of SunGard NetWork Solutions Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .62*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    By-laws of SunGard NetWork Solutions Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .63****
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Incorporation of SunGard Public Sector Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .64****
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    By-laws of SunGard Public Sector Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .65****
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Formation &#151;&#160;Conversion of SunGard
    Reference Data Solutions LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .66****
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Limited Liability Company Agreement of SunGard Reference Data
    Solutions LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .67*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Incorporation of SunGard SAS Holdings Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .68*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    By-laws of SunGard SAS Holdings Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .69*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Formation of SunGard Securities Finance LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .70*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Limited Liability Company Agreement of SunGard Securities
    Finance LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .71***
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Formation of SunGard Securities Finance
    International LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .72***
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Limited Liability Company Agreement of SunGard Securities
    Finance International LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .73*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Formation of SunGard Shareholder Systems LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .74*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Limited Liability Company Agreement of SunGard Shareholder
    Systems LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .75*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Incorporation of SunGard Software, Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .76*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    By-laws of SunGard Software, Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .77******
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Incorporation of SunGard Systems International
    Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .78*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    By-laws of SunGard Systems International Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .79*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Formation of SunGard Technology Services LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .80*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Limited Liability Company Agreement of SunGard Technology
    Services LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .81****
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Formation of SunGard VeriCenter, Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .82****
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    By-Laws of SunGard VeriCenter, Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .83***
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Incorporation of SunGard VPM Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .84***
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    By-laws of SunGard VPM Inc.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .85*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Formation of SunGard Workflow Solutions LLC
</TD>
</TR>
</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    II-6
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<!-- XBRL Table Pagebreak -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=01 type=align1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="86%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<!-- TableOutputBody -->
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .86*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Limited Liability Company Agreement of SunGard Workflow
    Solutions LLC
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Indenture, dated as of January 15, 2004, between SunGard Data
    Systems Inc. and The Bank of New York, as trustee (incorporated
    by reference to the Exhibits filed with SunGard Data Systems
    Inc.&#146;s Annual Report on Form 10-K for the fiscal year ended
    December 31, 2003 (Commission file No. 1-12989)).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Indenture, dated as of August 11, 2005, among Solar Capital
    Corp., SunGard Data Systems Inc., Guarantors named therein and
    The Bank of New York, as Trustee, governing the
    9&#160;<SUP style="font-size: 85%; vertical-align: top">1</SUP>/8%&#160;Senior

    Notes and Senior Floating Rate Notes (incorporated by reference
    to the Exhibits filed with SunGard Data Systems Inc.&#146;s
    Quarterly Report on Form 10-Q for the quarterly period ended
    September 30, 2005 (Commission file No. 1-12989)).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Indenture, dated as of August 11, 2005, among Solar Capital
    Corp., SunGard Data Systems Inc., Guarantors named therein and
    The Bank of New York, as Trustee, governing the 10
    <SUP style="font-size: 85%; vertical-align: top">1</SUP>/4%&#160;Senior

    Subordinated Notes (incorporated by reference to the Exhibits
    filed with SunGard Data Systems Inc.&#146;s Quarterly Report on
    Form 10-Q for the quarterly period ended September 30, 2005
    (Commission file No. 1-12989)).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .4
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Indenture, dated as of September 29, 2008, among SunGard Data
    Systems Inc., Guarantors named therein and The Bank of New York
    Mellon, as Trustee, governing the 10.625%&#160;Senior Notes
    (incorporated by reference to the Exhibits filed with
    SunGard&#146;s Current Report on Form 8-K dated September 29,
    2008 and filed October 3, 2008 (Commission File No. 1-12989)).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    5
</TD>
<TD nowrap align="left" valign="top">
    .1&#134;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Opinion of Simpson Thacher &#038; Bartlett LLP
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    5
</TD>
<TD nowrap align="left" valign="top">
    .2&#134;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Opinion of Sheppard, Mullin, Richter &#038; Hampton LLP
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    5
</TD>
<TD nowrap align="left" valign="top">
    .3&#134;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Opinions of Blank Rome LLP
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    5
</TD>
<TD nowrap align="left" valign="top">
    .4&#134;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Opinion of Ropes &#038; Gray LLP
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .1&#134;&#134;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Lease, effective January&#160;1, 2010 and dated
    November&#160;20, 2009, between SunGard and Callowhill
    Management, Inc. relating to SunGard&#146;s facility at 401
    North Broad Street, Philadelphia, Pennsylvania (incorporated by
    reference to the Exhibits filed with SunGard Capital Corp.
    (SCC), SunGard Capital Corp. II (SCCII) and SunGard&#146;s
    Annual Report on Form&#160;10-K for the fiscal year ended
    December&#160;31, 2009 (Commission File No.&#146;s 0-53653,
    <FONT style="white-space: nowrap">0-53654</FONT> and
    1-12989, respectively)).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Amended and Restated Lease Agreement, dated November&#160;23,
    2009, by and between Russo Family Limited Partnership, L.P. and
    SunGard relating to SunGard&#146;s facility at 777 Central
    Boulevard, Carlstadt, New Jersey (incorporated by reference to
    the Exhibits filed with SCC&#146;s, SCCII&#146;s and
    SunGard&#146;s Annual Report on Form 10-K for the fiscal year
    ended December&#160;31, 2009 (Commission File No.&#146;s
    0-53653, 0-53654 and 1-12989, respectively)).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Amended and Restated Lease Agreement, dated November&#160;23,
    2009, by and between 760 Washington Avenue, L.L.C. and SunGard
    relating to SunGard&#146;s facility at 760 Washington Avenue,
    Carlstadt, New Jersey (incorporated by reference to the Exhibits
    filed with SCC&#146;s, SCCII&#146;s and SunGard&#146;s Annual
    Report on Form 10-K for the fiscal year ended December&#160;31,
    2009 (Commission File No.&#146;s 0-53653, 0-53654 and 1-12989,
    respectively)).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .4
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    January 2005 Lease Agreement between 410 Commerce L.L.C. and
    SunGard relating to SunGard&#146;s facility at 410 Commerce
    Boulevard, Carlstadt, New Jersey (&#147;410 Commerce Boulevard
    Lease&#148;) (incorporated by reference to the Exhibits filed
    with SunGard&#146;s Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the fiscal year ended December&#160;31, 2004 (Commission
    File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .5
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Amendment to 410 Commerce Boulevard Lease, dated
    November&#160;23, 2009 (incorporated by reference to the
    Exhibits filed with SCC&#146;s, SCCII&#146;s and SunGard&#146;s
    Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the fiscal year ended December&#160;31, 2009 (Commission
    File No.&#146;s 0-53653,
    <FONT style="white-space: nowrap">0-53654</FONT> and
    1-12989, respectively)).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .6
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Amended and Restated Credit Agreement, dated as of June&#160;9,
    2009 among SunGard Data Systems Inc. and the Overseas Borrowers
    party thereto as Borrowers, SunGard Holdco LLC, the Lenders
    party thereto and JPMorgan Chase Bank, N.A., as Administrative
    Agent, Swing Line Lender and L/C Issuer (incorporated by
    reference to the Exhibit filed on SunGard&#146;s Current Report
    on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    dated June&#160;9, 2009 and filed June&#160;10, 2009 (Commission
    File
    <FONT style="white-space: nowrap">No.&#160;1-12989)</FONT>
</TD>
</TR>
</TABLE>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    II-7
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<!-- XBRL Table Pagebreak -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=01 type=align1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="86%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<!-- TableOutputBody -->
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .7
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Guarantee Agreement, dated as of August&#160;11, 2005, among
    SunGard Holdco LLC, SunGard Data Systems Inc., Solar Capital
    Corp., the Subsidiaries of SunGard Data Systems Inc. identified
    therein and JPMorgan Chase Bank, N.A., as Administrative Agent
    (incorporated by reference to the Exhibits filed with
    SunGard&#146;s Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2005
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .8
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Security Agreement, dated as of August&#160;11, 2005, among
    SunGard Holdco LLC, SunGard Data Systems Inc., Solar Capital
    Corp., the Subsidiaries of SunGard Data Systems Inc. identified
    therein and JPMorgan Chase Bank, N.A., as Collateral Agent
    (incorporated by reference to the Exhibits filed with
    SunGard&#146;s Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2005
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .9
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Intellectual Property Security Agreement, dated as of
    August&#160;11, 2005, among SunGard Holdco LLC, SunGard Data
    Systems Inc., Solar Capital Corp., the Subsidiaries of SunGard
    Data Systems Inc. identified therein and JPMorgan Chase Bank,
    N.A., as Collateral Agent (incorporated by reference to the
    Exhibits filed with SunGard&#146;s Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2005
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .10
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Credit and Security Agreement, dated as of March&#160;27, 2009,
    by and among SunGard AR Financing LLC as the Borrower, the
    financial institutions signatory thereto from time to time as
    the Lenders, and General Electric Capital Corporation as a
    Lender, as the Swing Line Lender and as the Administrative Agent
    (incorporated by reference to the Exhibits filed with
    SunGard&#146;s Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    dated March&#160;27, 2009 and filed on April&#160;2, 2009
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .11
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Receivables Sale Agreement, dated as of March&#160;27, 2009, by
    and among each of the persons signatory thereto from time to
    time as Sellers, SunGard AR Financing LLC as the Buyer, and
    SunGard Data Systems Inc., as the Seller Agent (incorporated by
    reference to the Exhibits filed with SunGard&#146;s Current
    Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    dated March&#160;27, 2009 and filed on April&#160;2, 2009
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .12
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Seller Support Agreement, dated as of March&#160;27, 2009, by
    SunGard Data Systems Inc., in favor of SunGard AR Financing LLC
    (incorporated by reference to the Exhibits filed with
    SunGard&#146;s Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    dated March&#160;27, 2009 and filed on April&#160;2, 2009
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .13<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Change in Control Agreement including the
    <FONT style="white-space: nowrap">30-Day</FONT>
    Clause between SunGard Data Systems Inc. and certain key
    executives of SunGard Data Systems Inc., effective
    December&#160;15, 2004 (incorporated by reference to the
    Exhibits filed with SunGard&#146;s Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    dated December&#160;14, 2004 and filed on December&#160;20,
    2004).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .14<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Change in Control Agreement not including the
    <FONT style="white-space: nowrap">30-Day</FONT>
    Clause between SunGard Data Systems Inc. and certain key
    executives of SunGard Data Systems Inc., effective
    December&#160;15, 2004 (incorporated by reference to the
    Exhibits filed with SunGard&#146;s Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    dated December&#160;14, 2004 and filed on December&#160;20,
    2004).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .15<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Executive Employment Agreement, effective as of
    August&#160;11, 2005, between SunGard Data Systems Inc. and
    certain executive officers of SunGard Data Systems Inc.
    (incorporated by reference to the Exhibits filed with
    SunGard&#146;s Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2005
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .16<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Executive Employment Agreement, effective as of
    August&#160;11, 2005, between SunGard Data Systems Inc. and
    certain executive officers of SunGard Data Systems Inc. located
    in California, the United Kingdom and Switzerland (incorporated
    by reference to the Exhibits filed with SunGard&#146;s Quarterly
    Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2005
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .17<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Executive Employment Agreement, effective as of
    August&#160;11, 2005, between SunGard Data Systems Inc. and
    certain executive officers of SunGard Data Systems Inc. employed
    by a subsidiary of SunGard Data Systems Inc. (incorporated by
    reference to the Exhibits filed with SunGard&#146;s Quarterly
    Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2005
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    II-8
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<!-- XBRL Table Pagebreak -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=01 type=align1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="86%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
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<!-- TableOutputHead -->
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<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .18<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Executive Employment Agreement, effective as of
    August&#160;11, 2005, between SunGard Data Systems Inc. and
    certain executive officers of SunGard Data Systems Inc. located
    in California, the United Kingdom and Switzerland employed by a
    subsidiary of SunGard Data Systems Inc. (incorporated by
    reference to the Exhibits filed with SunGard&#146;s Quarterly
    Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2005
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .19<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Employment Agreement between Crist&#243;bal Conde and SunGard
    Data Systems Inc., dated and effective as of August&#160;11,
    2005 (incorporated by reference to the Exhibits filed with
    SunGard&#146;s Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2005
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .20<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Employment Agreement between Kathleen Asser Weslock and SunGard
    Data Systems Inc., dated and effective as of March&#160;16, 2010
    (incorporated by reference to the Exhibits filed with
    SCC&#146;s, SCCII&#146;s and SunGard&#146;s Annual Report on
    Form 10-K for the fiscal year ended December&#160;31, 2009
    (Commission File No.&#146;s
    <FONT style="white-space: nowrap">0-53653,</FONT>
    0-53654 and 1-12989, respectively)).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .21<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Employment Agreement between Karen Mullane and SunGard Data
    Systems Inc., dated and effective as of December 29 2009
    (incorporated by reference to the Exhibits filed with
    SCC&#146;s, SCCII&#146;s and SunGard&#146;s Annual Report on
    Form 10-K for the fiscal year ended December&#160;31, 2009
    (Commission File No.&#146;s
    <FONT style="white-space: nowrap">0-53653,</FONT>
    0-53654 and
    <FONT style="white-space: nowrap">1-12989,</FONT>
    respectively)).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .22<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Employment Agreement between Gil Santos and SunGard HTE Inc.
    (now named SunGard Public Sector Inc.), dated and effective as
    of November&#160;15, 2007 (&#147;Santos Employment
    Agreement&#148;) (incorporated by reference to the Exhibits
    filed with SunGard&#146;s Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the fiscal year ended December&#160;31, 2007 (Commission
    File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .23<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Amendment dated February&#160;27, 2010 to Santos Employment
    Agreement (incorporated by reference to the Exhibits filed with
    SCC&#146;s, SCCII&#146;s and SunGard&#146;s Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the fiscal year ended December&#160;31, 2009 (Commission
    File No.&#146;s 0-53653,
    <FONT style="white-space: nowrap">0-53654</FONT> and
    <FONT style="white-space: nowrap">1-12989,</FONT>
    respectively)).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .24<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Employment Agreement between Robert Woods and SunGard Data
    Systems Inc., effective as of January&#160;1, 2010 (incorporated
    by reference to the Exhibits filed with SCC&#146;s, SCCII&#146;s
    and SunGard&#146;s Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    dated December&#160;16, 2009 and filed on December&#160;22,
    2009) (Commission File No.&#146;s 0-53653, 0-53654 and 1-12989,
    respectively).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .25<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Agreement between James L. Mann and SunGard Data Systems Inc.
    dated August&#160;16, 2002 (incorporated by reference to the
    Exhibits filed with SunGard&#146;s Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2002
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)),</FONT>
    as amended by Amendment dated as of February&#160;25, 2004
    (incorporated by reference to the Exhibits filed with
    SunGard&#146;s Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended March&#160;31, 2004 (Commission
    File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .26<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    SunGard 2005 Management Incentive Plan as Amended May&#160;12,
    2009 (incorporated by reference to the Exhibits filed with
    SCC&#146;s, SCCII&#146;s and SunGard&#146;s Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended June&#160;30, 2009 (Commission
    File No.&#146;s 0-53653,
    <FONT style="white-space: nowrap">0-53654</FONT> and
    <FONT style="white-space: nowrap">1-12989,</FONT>
    respectively)).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .27<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    SunGard Dividend Rights Plan as Amended September&#160;6, 2007
    (incorporated by reference to the Exhibits filed with
    SunGard&#146;s Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2007
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .28<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Forms of Rollover Stock Option Award Agreements (incorporated by
    reference to the Exhibits filed with SunGard&#146;s Quarterly
    Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2005
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .29<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Forms of Time-Based Stock Option Award Agreements (incorporated
    by reference to the Exhibits filed with SunGard&#146;s Quarterly
    Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2005
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .30<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Forms of Performance-Based Stock Option Award Agreements
    (incorporated by reference to the Exhibits filed with
    SunGard&#146;s Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2005
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .31<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Forms of Time-Based Restricted Stock Unit Award Agreements
    (incorporated by reference to the Exhibits filed with
    SunGard&#146;s Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2007
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    II-9
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<!-- XBRL Table Pagebreak -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=01 type=align1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="86%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<!-- TableOutputBody -->
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .32<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Forms of Performance-Based Restricted Stock Unit Award
    Agreements (incorporated by reference to the Exhibits filed with
    SunGard&#146;s Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2007
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .33<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Forms of Time-Based Class&#160;A Stock Option Award Agreements
    (incorporated by reference to the Exhibits filed with
    SunGard&#146;s Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2007
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .34<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Forms of Performance-Based Class&#160;A Stock Option Award
    Agreements (incorporated by reference to the Exhibits filed with
    SunGard&#146;s Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2007
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .35<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Amendment to the Performance Based Stock Option Award
    Agreements (incorporated by reference to the Exhibits filed with
    Schedule&#160;TO of SunGard Capital Corp. and SunGard Capital
    Corp. II, each filed August&#160;13, 2009 (Commission File Nos.
    5-84880 and 5-84881, respectively)).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .36<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Amendment to the Performance-Based Restricted Stock Unit
    Award Agreements (incorporated by reference to the Exhibits
    filed with Schedule&#160;TO of SunGard Capital Corp. and SunGard
    Capital Corp. II, each filed August&#160;13, 2009 (Commission
    File Nos. 5-84880 and 5-84881, respectively)).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .37<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Amendment to the Performance-Based Class&#160;A Stock
    Option Award Agreements (incorporated by reference to the
    Exhibits filed with Schedule&#160;TO of SunGard Capital Corp.
    and SunGard Capital Corp. II, each filed August&#160;13, 2009
    (Commission File Nos. 5-84880 and 5-84881, respectively))
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .38<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Forms of Amendment to Senior Management Performance-Based Stock
    Option Award Agreements (incorporated by reference to the
    Exhibits filed with SCC&#146;s, SCCII&#146;s and SunGard&#146;s
    Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    dated November&#160;30, 2009 and filed on December&#160;3, 2009)
    (Commission File No.&#146;s
    <FONT style="white-space: nowrap">0-53653,</FONT>
    <FONT style="white-space: nowrap">0-53654</FONT> and
    <FONT style="white-space: nowrap">1-12989,</FONT>
    respectively).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .39<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Amendment to Senior Management Performance-Based
    Class&#160;A Stock Option Award Agreement (incorporated by
    reference to the Exhibits filed with SCC&#146;s, SCCII&#146;s
    and SunGard&#146;s Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    dated November&#160;30, 2009 and filed on December&#160;3, 2009)
    (Commission File No.&#146;s
    <FONT style="white-space: nowrap">0-53653,</FONT>
    <FONT style="white-space: nowrap">0-53654</FONT> and
    <FONT style="white-space: nowrap">1-12989,</FONT>
    respectively).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .40<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Amendment to Senior Management Performance-Based
    Restricted Stock Unit Award Agreement (incorporated by reference
    to the Exhibits filed with SCC&#146;s, SCCII&#146;s and
    SunGard&#146;s Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    dated November&#160;30, 2009 and filed on December&#160;3, 2009)
    (Commission File No.&#146;s
    <FONT style="white-space: nowrap">0-53653,</FONT>
    <FONT style="white-space: nowrap">0-53654</FONT> and
    <FONT style="white-space: nowrap">1-12989,</FONT>
    respectively).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .41<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Forms of 2009 Senior Management Performance-Based Restricted
    Stock Unit Award Agreements (incorporated by reference to the
    Exhibits filed with SCC&#146;s, SCCII&#146;s and SunGard&#146;s
    Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2009
    (Commission File No.&#146;s
    <FONT style="white-space: nowrap">0-53653,</FONT>
    <FONT style="white-space: nowrap">0-53654</FONT> and
    <FONT style="white-space: nowrap">1-12989,</FONT>
    respectively).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .42<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Forms of 2009 Senior Management Performance-Based Class&#160;A
    Stock Option Award Agreements (incorporated by reference to the
    Exhibits filed with SCC&#146;s, SCCII&#146;s and SunGard&#146;s
    Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2009
    (Commission File No.&#146;s
    <FONT style="white-space: nowrap">0-53653,</FONT>
    <FONT style="white-space: nowrap">0-53654</FONT> and
    <FONT style="white-space: nowrap">1-12989,</FONT>
    respectively).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .43<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of 2009 Senior Management Time-Based Restricted Stock Unit
    Award Agreement (incorporated by reference to the Exhibits filed
    with SCC&#146;s, SCCII&#146;s and SunGard&#146;s Quarterly
    Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2009
    (Commission File No.&#146;s
    <FONT style="white-space: nowrap">0-53653,</FONT>
    <FONT style="white-space: nowrap">0-53654</FONT> and
    <FONT style="white-space: nowrap">1-12989,</FONT>
    respectively).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .44<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of 2009 Senior Management Time-Based Class&#160;A Stock
    Option Award Agreement (incorporated by reference to the
    Exhibits filed with SCC&#146;s, SCCII&#146;s and SunGard&#146;s
    Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2009
    (Commission File No.&#146;s
    <FONT style="white-space: nowrap">0-53653,</FONT>
    <FONT style="white-space: nowrap">0-53654</FONT> and
    <FONT style="white-space: nowrap">1-12989,</FONT>
    respectively).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .45<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Summary Description of SunGard&#146;s Annual Executive Incentive
    Compensation Program (incorporated by reference to the Exhibits
    filed with SCC&#146;s, SCCII&#146;s and SunGard&#146;s Annual
    Report on Form 10-K for the fiscal year ended December&#160;31,
    2009 (Commission File No.&#146;s
    <FONT style="white-space: nowrap">0-53653,</FONT>
    <FONT style="white-space: nowrap">0-53654</FONT> and
    <FONT style="white-space: nowrap">1-12989,</FONT>
    respectively)).
</TD>
</TR>
</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    II-10
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<!-- XBRL Table Pagebreak -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=01 type=align1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="86%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<!-- TableOutputBody -->
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .46<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Indemnification Agreement entered into by SunGard with
    certain officers (incorporated by reference to the Exhibits
    filed with SunGard&#146;s Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the fiscal year ended December&#160;31, 1991 (Commission
    File
    <FONT style="white-space: nowrap">No.&#160;0-14232)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .47<SUP style="font-size: 85%; vertical-align: top">(1)</SUP>

</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Indemnification Agreement between SunGard Capital
    Corporation, SunGard Capital Corporation II, SunGard Holding
    Corporation, SunGard HoldCo LLC, SunGard Data Systems Inc. and
    directors and certain executive officers of SunGard Data Systems
    Inc. (incorporated by reference to the Exhibits filed with
    SunGard&#146;s Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2005
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .48
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Stockholders Agreement, dated as of August&#160;10, 2005, by and
    among SunGard Capital Corp., SunGard Capital Corp. II, SunGard
    Holding Corp., SunGard Holdco LLC, Solar Capital Corp. and
    Certain Stockholders of SunGard Capital Corp. and SunGard
    Capital Corp. II (incorporated by reference to the Exhibits
    filed with SunGard&#146;s Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2005
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989))</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .49
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Participation, Registration Rights and Coordination Agreement,
    dated as of August&#160;10, 2005, by and among SunGard Capital
    Corp., SunGard Capital Corp. II, SunGard Holding Corp., SunGard
    Holdco LLC, Solar Capital Corp. and Certain Persons who will be
    Stockholders of SunGard Capital Corp. and SunGard Capital Corp.
    II (incorporated by reference to the Exhibits filed with
    SunGard&#146;s Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2005
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .50
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Principal Investor Agreement, dated as of August&#160;10, 2005,
    by and among SunGard Capital Corp., SunGard Capital Corp. II,
    SunGard Holding Corp., SunGard Holdco LLC, Solar Capital Corp.
    and the Principal Investors (&#147;Principal Investor
    Agreement&#148;) (incorporated by reference to the Exhibits
    filed with SunGard&#146;s Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2005
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .51
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Amendment No.&#160;2 to Principal Investor Agreement, dated as
    of January&#160;31, 2008 (incorporated by reference to the
    Exhibits filed with SunGard&#146;s Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the fiscal year ended December&#160;31, 2007 (Commission
    File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .52
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Management Agreement, dated as of August&#160;11, 2005, by and
    among SunGard Data Systems Inc., SunGard Capital Corp., SunGard
    Capital Corp. II, SunGard Holding Corp., SunGard Holdco LLC,
    Bain Capital Partners, LLC, Blackstone Communications Advisors I
    L.L.C., Blackstone Management Partners&#160;IV L.L.C., Goldman,
    Sachs&#160;&#038; Co., Kohlberg Kravis Roberts&#160;&#038; Co.
    L.P., Providence Equity Partners V Inc., Silver Lake Management
    Company, L.L.C. and TPG GenPar IV, L.P. (incorporated by
    reference to the Exhibits filed with SunGard&#146;s Quarterly
    Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarterly period ended September&#160;30, 2005
    (Commission File
    <FONT style="white-space: nowrap">No.&#160;1-12989)).</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    12
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Computations of Ratio of Earnings to Fixed Charges (incorporated
    by reference to the Exhibits filed with SCC&#146;s, SCCII&#146;s
    and SunGard&#146;s Annual Report on Form 10-K for the fiscal
    year ended December 31, 2009 (Commission File No.&#146;s
    <FONT style="white-space: nowrap">0-53653,</FONT>
    <FONT style="white-space: nowrap">0-53654</FONT> and
    <FONT style="white-space: nowrap">1-12989,</FONT>
    respectively)).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    21
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    List of Subsidiaries (incorporated by reference to the Exhibits
    filed with SCC&#146;s, SCCII&#146;s and SunGard&#146;s Annual
    Report on Form 10-K for the fiscal year ended December 31, 2009
    (Commission File No.&#146;s
    <FONT style="white-space: nowrap">0-53653,</FONT>
    <FONT style="white-space: nowrap">0-53654</FONT> and
    <FONT style="white-space: nowrap">1-12989,</FONT>
    respectively)).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .1&#134;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Simpson Thacher &#038; Bartlett LLP (included as part
    of its opinion filed as Exhibit 5.1 hereto)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .2&#134;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Sheppard, Mullin, Richter &#038; Hampton LLP
    (included as part of its opinion filed as Exhibit 5.2 hereto)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .3&#134;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Blank Rome LLP (included as part of its opinions
    filed as Exhibit 5.3 hereto)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .4&#134;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Ropes &#038; Gray LLP (included as part of its
    opinion filed as Exhibit 5.4 hereto)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .5&#134;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of PricewaterhouseCoopers LLP
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    24
</TD>
<TD nowrap align="left" valign="top">
    .1&#134;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Powers of Attorney
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    25
</TD>
<TD nowrap align="left" valign="top">
    .1*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form T-1 Statement of Eligibility under the Trust Indenture Act
    of 1939 of The Bank of New York with respect to the Indenture
    governing the
    9<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">8</FONT>%&#160;Senior
    Notes
</TD>
</TR>
</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    II-11
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<!-- XBRL Table Pagebreak -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=01 type=align1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="86%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<!-- TableOutputBody -->
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    25
</TD>
<TD nowrap align="left" valign="top">
    .2*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form T-1 Statement of Eligibility under the Trust Indenture Act
    of 1939 of The Bank of New York with respect to the Indenture
    governing the
    10<FONT style="vertical-align: text-top; font-size: 70%;">1</FONT>/<FONT style="font-size: 70%;">4</FONT>%&#160;Senior
    Subordinated Notes
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    25
</TD>
<TD nowrap align="left" valign="top">
    .3******
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form T-1 Statement of Eligibility under the Trust Indenture Act
    of 1939 of The Bank of New York with respect to the Indentures
    governing the
    10<FONT style="vertical-align: text-top; font-size: 70%;">5</FONT>/<FONT style="font-size: 70%;">8</FONT>%&#160;Senior
    Notes due 2015
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="7%"></TD>
    <TD width="1%"></TD>
    <TD width="92%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    * </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated by reference to the Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    of SunGard Data Systems Inc. (File
    <FONT style="white-space: nowrap">No.&#160;333-133383)</FONT>
    filed on April&#160;19, 2006.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    ** </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated by reference to the Amendment No.&#160;1 to the
    Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-1</FONT>
    of SunGard Data Systems Inc. (File
    <FONT style="white-space: nowrap">No.&#160;333-135538)</FONT>
    filed on July&#160;31, 2006.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    *** </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated by reference to the Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-1</FONT>
    of SunGard Data Systems Inc. (File
    <FONT style="white-space: nowrap">No.&#160;333-142356)</FONT>
    filed on April&#160;25, 2007.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    **** </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated by reference to the Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-1</FONT>
    of SunGard Data System Inc. (File
    <FONT style="white-space: nowrap">No.&#160;333-150383)</FONT>
    filed on April&#160;22, 2008.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    ***** </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated by reference to the Amendment No.&#160;1 to the
    Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-1</FONT>
    of SunGard Data Systems Inc. (File
    <FONT style="white-space: nowrap">No.&#160;333-150383)</FONT>
    filed on May&#160;9, 2008.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    ****** </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated by reference to the Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-1</FONT>
    of SunGard Data Systems Inc. (File
    <FONT style="white-space: nowrap">No.&#160;333-150383)</FONT>
    filed on April&#160;20, 2009.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    &#134; </TD>
    <TD></TD>
    <TD valign="bottom">
    Filed herewith.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    &#134;&#134; </TD>
    <TD></TD>
    <TD valign="bottom">
    Material redacted and submitted by SunGard Capital Corp.,
    SunGard Capital Corp. II and SunGard Data Systems Inc.
    separately to the U.S. Securities and Exchange Commission under
    a request for confidential treatment.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I>Financial Statement Schedules</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;Management contract or compensatory plan or arrangement
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    None.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="9%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Item&#160;17.<I>&#160;&#160;</I></FONT></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Undertakings.</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;The undersigned registrant hereby undertakes:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;to file, during any period in which offers or sales are
    being made, a post-effective amendment to this registration
    statement:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;to include any prospectus required by
    Section&#160;10(a)(3) of the Securities Act;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;to reflect in the prospectus any facts or events
    arising after the effective date of the registration statement
    (or the most recent post-effective amendments thereof) which,
    individually or in the aggregate, represent a fundamental change
    in the information set forth in the registration statement.
    Notwithstanding the foregoing, any increase or decrease in
    volume of securities offered (if the total dollar value of
    securities offered would not exceed that which was registered)
    and any deviation from the low or high end of the estimated
    maximum offering range may be reflected in the form of
    prospectus filed with the Commission pursuant to
    Rule&#160;424(b) if, in the aggregate, the changes in volume and
    price represent no more that a 20&#160;percent change in the
    maximum aggregate offering price set forth in the
    &#147;Calculation of Registration Fee&#148; table in the
    effective registration statement;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iii)&#160;to include any material information with respect to
    the plan of distribution not previously disclosed in the
    registration statement or any material change to such
    information in the registration statement;
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    II-12
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;that, for the purpose of determining any liability
    under the Securities Act, each such post-effective amendment
    shall be deemed to be a new registration statement relating to
    the securities offered therein, and the offering of such
    securities at that time shall be deemed to be the initial bona
    fide offering thereof;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;to remove from registration by means of a
    post-effective amendment any of the securities being registered
    which remain unsold at the termination of the offering.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;that, for the purpose of determining liability under
    the Securities Act of 1933 to any purchaser:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each prospectus filed pursuant to Rule&#160;424(b) as part of a
    registration statement relating to an offering, other than
    registration statements relying on Rule&#160;430B or other than
    prospectuses filed in reliance on Rule&#160;430A
    (&#167;&#160;230.430A of this chapter), shall be deemed to be
    part of and included in the registration statement as of the
    date it is first used after effectiveness. <I>Provided, however,
    </I>that no statement made in a registration statement or
    prospectus that is part of the registration statement or made in
    a document incorporated or deemed incorporated by reference into
    the registration statement or prospectus that is part of the
    registration statement will, as to a purchaser with a time of
    contract of sale prior to such first use, supersede or modify
    any statement that was made in the registration statement or
    prospectus that was part of the registration statement or made
    in any such document immediately prior to such date of first use.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;That, for the purpose of determining liability of the
    registrant under the Securities Act to any purchaser in the
    initial distribution of the securities:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned registrant undertakes that in a primary offering
    of securities of the undersigned registrant pursuant to this
    registration statement, regardless of the underwriting method
    used to sell the securities to the purchaser, if the securities
    are offered or sold to such purchaser by means of any of the
    following communications, the undersigned registrant will be a
    seller to the purchaser and will be considered to offer or sell
    such securities to such purchaser:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;Any preliminary prospectus or prospectus of the
    undersigned registrant relating to the offering required to be
    filed pursuant to Rule&#160;424;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;Any free writing prospectus relating to the offering
    prepared by or on behalf of the undersigned registrant or used
    or referred to by the undersigned registrant;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iii)&#160;The portion of any other free writing prospectus
    relating to the offering containing material information about
    the undersigned registrant or its securities provided by or on
    behalf of the undersigned registrant;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iv)&#160;Any other communication that is an offer in the
    offering made by the undersigned registrant to the purchaser.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Insofar as indemnification for liabilities arising
    under the Securities Act of 1933&#160;may be permitted to
    directors, officers and controlling persons of the registrant
    pursuant to the foregoing provisions, or otherwise, the
    registrant has been advised that in the opinion of the SEC such
    indemnification is against public policy as expressed in the
    Securities Act and is, therefore, unenforceable. In the event
    that a claim for indemnification against such liabilities (other
    than the payment by the registrant of expenses incurred or paid
    by a director, officer or controlling person of the registrant
    in the successful defense of any action, suit or proceeding) is
    asserted by such director, officer or controlling person in
    connection with the securities being registered, the registrant
    will, unless in the opinion of its counsel the matter has been
    settled by controlling precedent, submit to a court of
    appropriate jurisdiction the question whether such
    indemnification by it is against public policy as expressed in
    the Securities Act and will be governed by the final
    adjudication of such issue.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-13
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD DATA SYSTEMS INC.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Crist&#243;bal Conde</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>President and Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Crist&#243;bal
    Conde</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President, Chief Executive Officer and Director (Principal
    Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Robert
    F. Woods</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Senior Vice President&#160;&#151; Finance and Chief Financial
    Officer<BR>
    (Principal Financial Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President and Controller (Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Chinh
    E. Chu</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>John
    Connaughton</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>James
    H. Greene</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Glenn
    H. Hutchins</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Chairman of the Board of Directors
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>James
    L. Mann</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>John
    Marren</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Sanjeev
    Mehra</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-14
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<!-- XBRL Table Pagebreak -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Julie
    Richardson</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-15
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ADVANCED PORTFOLIO TECHNOLOGIES, INC.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Harold C. Finders</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division&#160;Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
    <B>Harold C. Finders</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Executive Officer (Principal Executive
    Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Dean
    B. Gluyas</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Financial Officer (Principal Financial
    Officer and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-16
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    AUTOMATED SECURITIES CLEARANCE LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;James E. Ashton III</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division&#160;Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>James
    E. Ashton III</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Executive Officer (Principal Executive
    Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Max
    J. Broedlow</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Financial Officer (Principal Financial
    Officer and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-17
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    EXETER EDUCATIONAL MANAGEMENT SYSTEMS, INC.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Ron M. Lang</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>President and Chief Executive Officer, Higher Education</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Ron
    M. Lang</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    President and Chief Executive Officer, Higher Education and
    Director<BR>
    (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>John
    A. Milana</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Senior Vice President, Finance and Chief Financial Officer,
    Higher Education<BR>
    (Principal Financial Officer and<BR>
    Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Leslie
    S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-18
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    GL TRADE OVERSEAS, INC.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Harold C. Finders</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division&#160;Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
    <B>Harold C. Finders</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Executive Officer (Principal Executive
    Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Dean
    B. Gluyas</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Financial Officer (Principal Financial
    Officer and <BR>
    Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-19
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    INFLOW LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Crist&#243;bal Conde</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>President &#038; Chief Executive Officer, Availability
    Services</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Crist&#243;bal
    Conde</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    President &#038; Chief Executive Officer, Availability Services
    <BR>
    (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Michael
    J. Ruane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Executive Vice President, Finance and Chief Financial Officer,
    Availability Services and Manager<BR>
    (Principal Financial Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Leslie
    S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-20
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ONLINE SECURITIES PROCESSING INC.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Name:&#160;&#160;&#160;&#160;&#160;James
    E. Ashton III</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division&#160;Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>James
    E. Ashton III</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Executive Officer (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Max
    J. Broedlow</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Leslie
    S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-21
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SIS EUROPE HOLDINGS LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Name:&#160;&#160;&#160;&#160;&#160;Harold
    C. Finders</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division&#160;Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Harold
    C. Finders</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Executive Officer (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Dean
    B. Gluyas</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Eric
    G. Erickson</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Leslie
    S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-22
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SRS DEVELOPMENT INC.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Name:&#160;&#160;&#160;&#160;&#160;Michael
    J. Ruane</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>President and Treasurer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Michael
    J. Ruane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    President, Treasurer and Director (Principal Executive Officer,
    <BR>
    Principal Financial Officer and <BR>
    Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Leslie
    S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-23
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD AMBIT LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Harold C. Finders</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Harold
    C. Finders</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Executive Officer (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Dean
    B. Gluyas</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Leslie
    S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-24
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD ASIA PACIFIC INC.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Name:&#160;&#160;&#160;&#160;&#160;Harold
    C. Finders</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division&#160;Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Harold
    C. Finders</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Executive Officer (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Dean
    B. Gluyas</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Vice President and Division Chief Financial Officer<BR>
    (Principal Financial Officer and <BR>
    Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Leslie
    S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-25
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD AVAILABILITY SERVICES LP
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Crist&#243;bal Conde</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>President&#160;&#038; Chief Executive Officer,</B>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Availability Services</B>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Crist&#243;bal
    Conde</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    President &#038; Chief Executive Officer, Availability Services
    <BR>
    (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Michael
    J. Ruane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Senior Vice President, Finance and Chief Financial Officer
    Availability Services<BR>
    (Principal Financial Officer) and Manager of SunGard Technology
    Services LLC, the General Partner
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Manager of the General Partner
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-26
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD AVAILABILITY SERVICES LTD.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Crist&#243;bal Conde</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Chief Executive Officer,<BR>
    Availability Services</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Crist&#243;bal
    Conde</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Chief Executive Officer,<BR>
    Availability Services<BR>
    (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Michael
    J. Ruane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Treasurer (Principal Financial Officer <BR>
    and Principal Accounting Officer) <BR>
    and Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-27
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD AVANTGARD LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;James E. Ashton III</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>James
    E. Ashton&#160;III</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Executive Officer (Principal Executive
    Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Max
    J. Broedlow</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Financial Officer (Principal Financial
    Officer and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-28
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD BUSINESS SYSTEMS LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;James E. Ashton III</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>James
    E. Ashton&#160;III</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Executive Officer (Principal Executive
    Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Max
    J. Broedlow</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Financial Officer (Principal Financial
    Officer and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-29
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD COMPUTER SERVICES LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;James E. Ashton III</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>James
    E. Ashton&#160;III</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Executive Officer (Principal Executive
    Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Max
    J. Broedlow</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Financial Officer (Principal Financial
    Officer and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-30
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD CONSULTING SERVICES LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;James E. Ashton III</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>James
    E. Ashton&#160;III</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Executive Officer (Principal Executive
    Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Max
    J. Broedlow</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Financial Officer (Principal Financial
    Officer and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-31
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD CSA LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Mats Lillienberg</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>President</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Mats
    Lillienberg</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President, (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Robert
    F. Woods</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Treasurer (Principal Financial Officer and Principal Accounting
    Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-32
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD DEVELOPMENT CORPORATION
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Michael J. Ruane</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>President and Treasurer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Michael
    J. Ruane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President, Treasurer and Director (Principal Executive
    Officer,<BR>
    Principal Financial Officer and<BR>
    Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-33
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD DIS INC.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Robert F. Woods</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>President and Treasurer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Robert
    F. Woods</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President and Treasurer <BR>
    (Principal Executive Officer,<BR>
    Principal Financial Officer and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-34
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD ENERGY SYSTEMS INC.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;James E. Ashton III</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division&#160;Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>James
    E. Ashton III</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Executive Officer (Principal Executive
    Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Max
    J. Broedlow</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Financial Officer (Principal Financial
    Officer and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-35
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD EPROCESS INTELLIGENCE LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Harold C. Finders</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division&#160;Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Harold
    C. Finders</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Executive Officer (Principal Executive
    Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Dean
    B. Gluyas</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Financial Officer (Principal Financial
    Officer and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-36
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD FINANCIAL SYSTEMS LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;James E. Ashton III</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division&#160;Chief Financial Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>James
    E. Ashton III</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Financial Officer (Principal Executive
    Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Max
    J. Broedlow</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Financial Officer (Principal Financial
    Officer and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-37
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD HIGHER EDUCATION INC.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Ron M. Lang</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>President and Chief Executive Officer, Higher Education</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
    <B>Ron M. Lang</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    President and Chief Executive Officer, Higher Education and
    Director <BR>
    (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
    <B>John A. Milana</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Senior Vice President, Finance and Chief Financial Officer,
    Higher Education (Principal Financial Officer and <BR>
    Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
    <B>Karen M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
    <B>Victoria E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-38
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD HIGHER EDUCATION MANAGED SERVICES INC.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Ron M. Lang</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Chief Executive Officer, Higher Education</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Ron
    M. Lang</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Chief Executive Officer, Higher Education and Director<BR>
    (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>John
    A. Milana</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Senior Vice President, Finance and Chief Financial Officer,
    Higher Education (Principal Financial Officer and  Principal
    Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Leslie
    S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-39
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD INVESTMENT SYSTEMS LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Name:&#160;&#160;&#160;&#160;&#160;Harold
    C. Finders</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division&#160;Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Harold
    C. Finders</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Executive Officer (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Dean
    B. Gluyas</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Leslie
    S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-40
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD INVESTMENT VENTURES LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Name:&#160;&#160;&#160;&#160;&#160;Robert
    F. Woods</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>President and Treasurer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Robert
    F. Woods</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President and Treasurer <BR>
    (Principal Executive Officer,<BR>
    Principal Financial Officer and<BR>
    Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Eric
    G. Erickson</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Leslie
    S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-41
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD iWORKS LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Name:&#160;&#160;&#160;&#160;&#160;James
    E. Ashton III</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division&#160;Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>James
    E. Ashton III</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Executive Officer (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Max
    Broedlow</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Financial Officer, (Principal Financial Officer
    and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Leslie
    S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-42
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD iWORKS P&#038;C (US) INC.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;James E. Ashton III</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>James
    E. Ashton III</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Executive Officer (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Max
    J. Broedlow</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-43
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD KIODEX LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;James E. Ashton III</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>James
    E. Ashton III</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Executive Officer (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Max
    J. Broedlow</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-44
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD NETWORK SOLUTIONS INC.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Crist&#243;bal Conde</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>President &#038; Chief Executive Officer, Availability
    Services</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Crist&#243;bal
    Conde</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    President &#038; Chief Executive Officer, Availability Services
    <BR>
    (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Michael
    J. Ruane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Executive Vice President, Finance and Chief Financial Officer,
    <BR>
    Availability Services and Director <BR>
    (Principal Financial Officer and <BR>
    Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-45
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD PUBLIC SECTOR INC.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Gilbert O. Santos</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Chief Executive Officer, Public Sector</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Gilbert
    O. Santos</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Chief Executive Officer, Public Sector and Director (Principal
    Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>David
    D. Gathman</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Chief Financial Officer, Public Sector  (Principal Financial
    Officer and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-46
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD REFERENCE DATA SOLUTIONS LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;James E. Ashton III</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>James
    E. Ashton III</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Executive Officer (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Max
    J. Broedlow</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-47
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD SAS HOLDINGS INC.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Crist&#243;bal Conde</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>President</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Crist&#243;bal
    Conde</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Michael
    J. Ruane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Treasurer and Director (Principal Financial Officer and
    Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-48
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD SECURITIES FINANCE LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Harold C. Finders</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Harold
    C. Finders</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Executive Officer (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Dean
    B. Gluyas</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-49
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD SECURITIES FINANCE<BR>
    INTERNATIONAL LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Harold C. Finders</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Harold
    C. Finders</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Executive Officer (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Dean
    B. Gluyas</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-50
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD SHAREHOLDER SYSTEMS LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Harold C. Finders</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Harold
    C. Finders</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Executive Officer (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Dean
    B. Gluyas</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-51
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD SOFTWARE, INC.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Robert F. Woods</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>President and Treasurer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Robert
    F. Woods</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President and Treasurer <BR>
    (Principal Executive Officer,<BR>
    Principal Financial Officer and<BR>
    Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-52
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD SYSTEMS INTERNATIONAL INC.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;James E. Ashton III</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>James
    E. Ashton&#160;III</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Executive Officer
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Max
    J. Broedlow</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division&#160;Chief Financial Officer (Principal Financial
    Officer and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-53
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD TECHNOLOGY SERVICES LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Crist&#243;bal Conde</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>President and Chief Executive Officer,  Availability
    Services</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Crist&#243;bal
    Conde</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    President and Chief Executive Officer, Availability Services<BR>
    (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Michael
    J. Ruane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Executive Vice President, Finance and Chief Financial Officer,
    Availability Services and Manager<BR>
    (Principal Financial Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Leslie S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-54
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD VERICENTER, INC.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;&#160;&#160;&#160;&#160;Crist&#243;bal Conde</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>President&#160;&#038; Chief Executive Officer, Availability
    Services</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Crist&#243;bal
    Conde</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    President&#160;&#038; Chief Executive Officer, Availability
    Services <BR>
    (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Michael
    J. Ruane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Executive Vice President, Finance and Chief Financial Officer,
    Availability Services and Director <BR>
    (Principal Financial Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Leslie
    S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-55
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD VPM INC.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Name:&#160;&#160;&#160;&#160;&#160;Harold
    C. Finders</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division&#160;Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Harold
    C. Finders</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Executive Officer (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Dean
    B. Gluyas</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Leslie
    S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-56
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April&#160;26, 2010.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SUNGARD WORKFLOW SOLUTIONS LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="center">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><B>Name:&#160;&#160;&#160;&#160;&#160;James
    E. Ashton III</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>Title:&#160;</B>
</TD>
    <TD align="left">
    <B>Division&#160;Chief Executive Officer</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="6%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="37%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>James
    E. Ashton III</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Executive Officer (Principal Executive Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Max
    Broedlow</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Division Chief Financial Officer, (Principal Financial Officer
    and Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Thomas
    J. McDugall</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Karen
    M. Mullane</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Victoria
    E. Silbey</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;26, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Leslie
    S. Brush</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><B>Leslie
    S. Brush<BR>
    Attorney-in-fact</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-57
</DIV><!-- END PAGE WIDTH -->
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SWEDESFORD ROAD", "city": "WAYNE", "state": "PA", "zip": "19087"}}, {"company-data": {"conformed-name": "GL Trade Overseas, Inc.", "cik": "0001489071", "irs-number": "061414402", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-1", "act": "33", "file-number": "333-166304-41", "film-number": "10770783"}, "business-address": {"street1": "340 MADISON AVENUE", "city": "NEW YORK", "state": "NY", "zip": "10173", "phone": "484-582-2000"}, "mail-address": {"street1": "680 E. SWEDESFORD ROAD", "city": "WAYNE", "state": "PA", "zip": "19087"}}]
sv1
Table of Contents
As filed with the Securities and Exchange Commission on
    April 26, 2010
Registration No. 333-158657
SECURITIES AND EXCHANGE
    COMMISSION
Washington, D.C.
    20549
Form S-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
SunGard Data Systems
    Inc.
(Exact name of registrant issuer
    as specified in its charter)
SEE TABLE OF ADDITIONAL REGISTRANTS
Delaware
7374
51-0267091
(State or other jurisdiction
of incorporation)
(Primary Standard Industrial
Classification Code Number)
(I.R.S. Employer
Identification Number)
680 East Swedesford Road Wayne, Pennsylvania 19087
(484)-582-2000
(Address, including zip
    code, and telephone number, including area code, of
    registrants' principal executive offices)
Victoria E. Silbey, Esq.
General Counsel
680 East Swedesford Road Wayne, Pennsylvania 19087
(484)-582-2000
(Name, address, including zip
    code, and telephone number, including area code, of agent for
    service)
With a copy to:
Richard A. Fenyes, Esq.
Simpson Thacher & Bartlett LLP
425 Lexington Avenue
New York, New York 10017-3954
Tel: (212) 455-2000
Approximate date of commencement of proposed
    offer
:  As soon as practicable after this
    Registration Statement is declared effective.
If any of the securities being registered on this Form are being
    offered on a delayed or continuous basis pursuant to
    Rule 415 under the Securities Act of 1933, check the
    following
    box.
þ
If this Form is filed to register additional securities for an
    offering pursuant to Rule 462(b) under the Securities Act,
    please check the following box and list the Securities Act
    registration statement number of the earlier effective
    registration statement for the same
    offering.
o
If this Form is a post-effective amendment filed pursuant to
    Rule 462(c) under the Securities Act, check the following
    box and list the Securities Act registration statement number of
    the earlier effective registration statement for the same
    offering.
o
If this Form is a post-effective amendment filed pursuant to
    Rule 462(d) under the Securities Act, check the following
    box and list the Securities Act registration statement number of
    the earlier effective registration statement for the same
    offering.
o
Indicate by check mark whether the registrant is a large
    accelerated filer, an accelerated filer, a non-accelerated
    filer, or a smaller reporting company. See the definitions of
    "large accelerated filer," "accelerated
    filer" and "smaller reporting company" in
    Rule 12b-2 of the Exchange Act.
Large accelerated
    filer
o
.
Accelerated
    filer
o
.
Non-accelerated
filer
þ
Smaller reporting
    company
o
.
(Do not check if a smaller
    reporting company).
Table of Contents
CALCULATION OF REGISTRATION FEE
Proposed Maximum
Title of Each Class of
Amount to be
Aggregate
Amount of
Securities to be Registered
Registered
Offering Price
Registration Fee
9
1
/
8
% Senior
    Notes due 2013
(1
)
(1
)
(1
)
10
5
/
8
% Senior
    Notes due 2015
(1
)
(1
)
(1
)
10
1
/
4
% Senior
    Subordinated Notes due 2015
(1
)
(1
)
(1
)
Guarantees of
    9
1
/
8
% Senior
    Notes due 2013(2)
(1
)(3)
(1
)(3)
(1
)(3)
Guarantees of
    10
5
/
8
% Senior
    Notes due 2015
(1
)(3)
(1
)(3)
(1
)(3)
Guarantees of
    10
1
/
4
% Senior
    Subordinated Notes due 2015(2)
(1
)(3)
(1
)(3)
(1
)(3)
(1)
An indeterminate amount of securities are being registered
    hereby to be offered solely for market-making purposes by an
    affiliate of the registrant. Pursuant to Rule 457(q) under
    the Securities Act of 1933, as amended, no filing fee is
    required.
(2)
See inside facing page for additional registrant guarantors.
(3)
Pursuant to Rule 457(n) under the Securities Act, no
    separate filing fee is required for the guarantees.
The Registrants hereby amend this Registration Statement on
    such date or dates as may be necessary to delay its effective
    date until the Registrants shall file a further amendment which
    specifically states that this Registration Statement shall
    thereafter become effective in accordance with Section 8(a)
    of the Securities Act of 1933, as amended, or until the
    Registration Statement shall become effective on such date as
    the Securities and Exchange Commission, acting pursuant to said
    Section 8(a), may determine.
Table of Contents
Table of
    Additional Registrant Guarantors
Address, Including Zip Code
State or Other
I.R.S.
and Telephone Number,
Exact Name of Registrant
Jurisdiction of
Employer
Including Area Code, of
Guarantor as Specified in Its
Incorporation or
Identification
Registrant Guarantor's
Charter
Organization
Number
Principal Executive Offices
Advanced Portfolio Technologies, Inc.
Delaware
22-3245876
340 Madison Avenue
8th Floor
New York, NY 10173
Automated Securities Clearance LLC
Delaware
22-3701255
545 Washington Blvd.
7th Floor
Jersey City, NJ 07310
Exeter Educational Management Systems, Inc.
Massachusetts
04-3123926
141 Portland St. Cambridge, MA 02139
GL Trade Overseas, Inc.
Delaware
06-1414402
340 Madison Avenue
8th Floor
New York, NY 10173
Inflow LLC
Delaware
84-1439489
680 E. Swedesford Rd. Wayne, PA 19087
Online Securities Processing Inc.
Delaware
77-0589377
680 E. Swedesford Rd. Wayne, PA 19087
SIS Europe Holdings LLC
Delaware
41-1511643
1105 North Market Street
Suite 1412
Wilmington, DE 19801
SRS Development Inc.
Delaware
23-2746281
1105 North Market Street
Suite 1412
Wilmington, DE 19801
SunGard Ambit LLC
Delaware
04-2766162
3 Post Office Square
11th Floor
Boston, MA 02109
SunGard Asia Pacific Inc.
Delaware
51-0370861
601 Walnut St.
Suite 1010
Philadelphia, PA 19106
SunGard Availability Services LP
Pennsylvania
23-2106195
680 E. Swedesford Rd.
Wayne, PA 19087
SunGard Availability Services Ltd.
Delaware
23-3024711
680 E. Swedesford Rd.
Wayne, PA 19087
SunGard AvantGard LLC
California
95-3440473
23975 Park Sorrento
4th Floor
Calabasas, CA 91302
SunGard Business Systems LLC
Delaware
23-2139612
5510 77 Center Drive
Charlotte, NC 28217
SunGard Computer Services LLC
Delaware
68-0499469
600 Laurel Road
Voorhees, NJ 08043
SunGard Consulting Services LLC
Delaware
87-0727844
10375 Richmond
Suite 700
Houston, TX 77042
SunGard CSA LLC
Delaware
20-4280640
680 E. Swedesford Rd.
Wayne, PA 19087
SunGard Development Corporation
Delaware
23-2589002
1105 North Market Street Suite
1412 Wilmington, DE 19801
SunGard DIS Inc.
Delaware
23-2829670
1105 North Market Street
Suite 1412
Wilmington, DE 19801
Table of Contents
Address, Including Zip Code
State or Other
I.R.S.
and Telephone Number,
Exact Name of Registrant
Jurisdiction of
Employer
Including Area Code, of
Guarantor as Specified in Its
Incorporation or
Identification
Registrant Guarantor's
Charter
Organization
Number
Principal Executive Offices
SunGard Energy Systems Inc.
Delaware
13-4081739
601 Walnut St.
Suite 1010
Philadelphia, PA 19106
SunGard eProcess Intelligence LLC
Delaware
13-3217303
70 South Orange Avenue
Livingston, NJ 07039
SunGard Financial Systems LLC
Delaware
23-2585361
601 2nd Avenue South Hopkins,
MN 55343
Sungard Higher Education Inc.
Delaware
23-2303679
4 Country View Road Malvern, PA 19355
SunGard Higher Education Managed Services Inc.
Delaware
23-2414968
2300 Maitland Center Pkwy Suite 340
Maitland, FL 32751
SunGard Investment Systems LLC
Delaware
23-2115509
11 Salt Creek Lane Hinsdale, IL 60521
SunGard Investment Ventures LLC
Delaware
51-0297001
1105 North Market Street Suite 1412
Wilmington, DE 19801
SunGard iWORKS LLC
Delaware
23-2814630
11560 Great Oaks Way Suite 200
Alpharetta, GA 30022
SunGard iWORKS P&C (US) Inc.
Delaware
13-3248040
200 Business Park
Dr. Armonk, NY 10504
SunGard Kiodex LLC
Delaware
13-4100480
340 Madison Avenue
8th Floor
New York, NY 10173
SunGard NetWork Solutions Inc.
Delaware
23-2981034
680 E. Swedesford Rd. Wayne, PA 19087
SunGard Public Sector Inc.
Florida
59-2133858
1000 Business Center Drive
Lake Mary, FL 32746
SunGard Reference Data Solutions LLC
Delaware
72-1571745
340 Madison Avenue
8th Floor
New York, NY 10173
SunGard SAS Holdings Inc.
Delaware
26-0052190
680 E. Swedesford Rd. Wayne, PA 19087
SunGard Securities Finance LLC
Delaware
13-3799258
12B Manor Parkway
Salem, NH 03079
SunGard Securities Finance International LLC
Delaware
13-3809371
12B Manor Parkway
Salem, NH 03079
SunGard Shareholder Systems LLC
Delaware
23-2025519
951 Mariners Island Blvd.
5
th
Floor
San Mateo, CA 94404
SunGard Software, Inc.
Delaware
51-0287708
1105 North Market St.
Suite 1412
Wilmington, DE 19801
SunGard Systems International Inc.
Pennsylvania
23-2490902
340 Madison Avenue
8th Floor
New York, NY 10173
SunGard Technology Services LLC
Delaware
23-2579118
680 E. Swedesford Rd. Wayne, PA
19087
SunGard VeriCenter, Inc
Delaware
76-0624039
680 East Swedesford Rd
Wayne, PA 19087
Table of Contents
Address, Including Zip Code
State or Other
I.R.S.
and Telephone Number,
Exact Name of Registrant
Jurisdiction of
Employer
Including Area Code, of
Guarantor as Specified in Its
Incorporation or
Identification
Registrant Guarantor's
Charter
Organization
Number
Principal Executive Offices
SunGard VPM Inc.
New York
11-3159462
1660 Walt Whitman Rd,
Suite 130
Melville, NY, 11747
SunGard Workflow Solutions LLC
Delaware
63-1019430
104 Inverness Place
Birmingham, AL 35242
Table of Contents
The
information in this prospectus is not complete and may be
changed. We may not sell these securities until the registration
statement filed with the Securities and Exchange Commission is
effective. This prospectus is not an offer to sell these
securities and it is not soliciting an offer to buy these
securities in any state where the offer or sale is not
permitted.
SUBJECT TO COMPLETION, DATED
    April 26, 2010
PRELIMINARY PROSPECTUS
SunGard Data Systems
    Inc.
$1,600,000,000
    9
1
/
8
% Senior
    Notes due 2013
$500,000,000
    10
5
/
8
% Senior
    Notes due 2015
$1,000,000,000
    10
1
/
4
% Senior
    Subordinated Notes due 2015
The
    9
1
/
8
% Senior
    Notes due 2013 (the "senior notes due 2013") were
    issued in exchange for the
    9
1
/
8
% Senior
    Notes due 2013 originally issued on August 11, 2005. The
    10
1
/
4
% Senior
    Subordinated Notes due 2015 (the "senior subordinated
    notes") were issued in exchange for the
    10
1
/
4
% Senior
    Subordinated Notes due 2015 originally issued on August 11,
    2005. The
    10
5
/
8
% Senior
    Notes due 2015 (the "senior notes due 2015") were
    issued in exchange for the
    10
5
/
8
% Senior
    Notes due 2015 originally issued on September 29, 2008. The
    senior notes due 2013, the senior notes due 2015 (collectively,
    the "senior notes") and the senior subordinated notes
    are collectively referred to herein as the "notes,"
    unless the context otherwise requires.
The senior notes due 2013 bear interest at a rate of
    9
1
/
8
%
    per annum and mature on August 15, 2013. The senior
    subordinated notes bear interest at a rate of
    10
1
/
4
%
    per annum and mature on August 15, 2015. Interest on the
    senior notes due 2013 and the senior subordinated notes due 2015
    is payable on February 15 and August 15 of each year, beginning
    on February 15, 2006. The senior notes due 2015 bear
    interest at a rate of
    10
5
/
8
%
    per annum and mature on May 15, 2015. Interest on the
    senior notes due 2015 is payable on April 1 and October 1 of
    each year, beginning April 1, 2009.
We may redeem some or all of the senior notes due 2013 at any
    time prior to August 15, 2009, some or all of the senior
    subordinated notes at any time prior to August 15, 2010 and
    some or all of the senior notes due 2015 at any time prior to
    April 1, 2012, in each case, at a price equal to 100% of
    the principal amount of the notes redeemed plus accrued and
    unpaid interest to the redemption date and a "make-whole
    premium," as described in this prospectus. We may redeem
    the senior notes due 2013 at any time on or after
    August 15, 2009, the senior subordinated notes at any time
    on or after August 15, 2010 and the senior notes due 2015
    at any time on or after April 1, 2012, in each case, at the
    redemption prices set forth in this prospectus. In addition, we
    may redeem up to 35% of the senior notes due 2015 until
    October 1, 2011 with the proceeds of certain equity
    offerings at the redemption prices set forth in this prospectus.
    There is no sinking fund for any of the notes.
The senior notes are our senior unsecured obligations and rank
    equal in right of payment to all of our existing and future
    senior indebtedness. The senior subordinated notes are our
    unsecured senior subordinated obligations and are subordinated
    in right of payment to all of our existing and future senior
    indebtedness, including the senior secured credit facilities,
    the existing senior notes and the senior notes offered hereby.
    Each of our domestic subsidiaries that guarantees our senior
    secured credit facilities are initially unconditionally
    guaranteeing the senior notes with guarantees that rank equal in
    right of payment to all of the senior indebtedness of such
    subsidiary, and are initially unconditionally guaranteeing the
    senior subordinated notes with guarantees that are subordinated
    in right of payment to all existing and future senior
    indebtedness of such subsidiary. The notes and the guarantees
    are effectively subordinated to our existing and future secured
    indebtedness and that of the guarantors to the extent of the
    assets securing such indebtedness.
This prospectus includes additional information on the terms of
    the notes, including redemption and repurchase prices, covenants
    and transfer restrictions.
See "
Risk Factors
" beginning on page 16
    for a discussion of certain risks that you should consider
    before investing in the notes.
Neither the Securities and Exchange Commission nor any state
    securities commission has approved or disapproved of the notes
    or passed upon the adequacy or accuracy of this prospectus. Any
    representation to the contrary is a criminal offense.
This prospectus has been prepared for and may be used by
    Goldman, Sachs & Co. and other affiliates of The
    Goldman Sachs Group, Inc. in connection with offers and sales of
    the notes related to market-making transactions in the notes
    effected from time to time. Such affiliates of The Goldman Sachs
    Group, Inc. may act as principal or agent in such transactions,
    including as agent for the counterparty when acting as principal
    or as agent for both counterparties, and may receive
    compensation in the form of discounts and commissions, including
    from both counterparties, when it acts as agents for both. Such
    sales will be made at prevailing market prices at the time of
    sale, at prices related thereto or at negotiated prices. We will
    not receive any proceeds from such sales.
The date of this prospectus
    is          ,
    2010.
You should rely only on the information contained in this
    prospectus. We have not authorized anyone to provide you with
    different information. The prospectus may be used only for the
    purposes for which it has been published and no person has been
    authorized to give any information not contained herein. If you
    receive any other information, you should not rely on it. We are
    not making an offer of these securities in any state where the
    offer is not permitted.
TABLE OF
    CONTENTS
Page
Prospectus Summary
1
Summary Historical Consolidated Financial Data
14
Risk Factors
16
Forward-Looking Statements
28
Use of Proceeds
29
Cash and Capitalization
29
Selected Historical Consolidated Financial
    Information
31
Management's Discussion and Analysis of
    Financial Condition and Results of Operations
34
Business
54
Management
64
Security Ownership of Certain Beneficial
    Owners
88
Certain Relationships and Related Party
    Transactions
91
Description of Other Indebtedness
93
Description of Senior Notes Due 2013
97
Description of Senior Notes Due 2015
148
Description of Senior Subordinated Notes
199
Certain United States Federal Income and Estate
    Tax Consequences
254
Certain ERISA Considerations
258
Plan of Distribution
259
Legal Matters
260
Experts
260
Where You Can Find More Information
260
Index to Consolidated Financial Statements
F-1
Certificate of Incorporation of GL Trade Overseas, Inc.
By-Laws of GL Trade Overseas, Inc.
Certificate of Merger of SunGard Ambit LLC
Limited Liability Company Agreement of SunGard Ambit LLC
Certificate of Formation-Conversion of SunGard Kiodex LLC
Limited Liability Company Agreement of SunGard Kiodex LLC
Opinion of Simpson Thacher & Bartlett LLP
Opinion of Sheppard, Mullin, Richter & Hampton LLP
Opinion of Blank Rome LLP
Opinion of Ropes & Gray LLP
Consent of PricewaterhouseCoopers LLP
Powers of Attorney
Table of Contents
PROSPECTUS
    SUMMARY
This summary highlights information contained elsewhere in
    this prospectus. This summary may not contain all of the
    information that may be important to you in making your
    investment decision. You should read this entire prospectus,
    including the financial data and related notes and section
    entitled "Risk Factors," before making an investment
    decision. Unless the context otherwise indicates, as used in
    this prospectus, the terms "SunGard," "we,"
    "our," "us" and "the company" and
    similar terms refer to SunGard Data Systems Inc. and its
    subsidiaries on a consolidated basis.
Our
    Company
We are one of the world's leading software and technology
    services companies. We provide software and processing solutions
    to institutions throughout the financial services industry,
    higher education and the public sector. We also provide disaster
    recovery services, managed services, information availability
    consulting services and business continuity management software.
We serve more than 25,000 customers in more than 70 countries.
    We seek to establish long-term customer relationships by
    negotiating multi-year contracts and by emphasizing customer
    support and product quality and integration. We believe that we
    are one of the most efficient operators of mission-critical IT
    solutions as a result of the economies of scale we derive from
    serving multiple customers on shared platforms. Our revenue is
    highly diversified by customer and product, with no single
    customer accounting for more than 9% of our total revenue during
    any of the past three fiscal years. We estimate that
    approximately 90% of our revenue for the past three fiscal years
    was recurring in nature.
1
Table of Contents
We operate our business in four segments:
Our
    Segments
Software & Processing
Financial Systems
Higher Education
Public Sector
Availability Services
Revenue for the Year Ended December 31, 2009
• $3.1 billion
• $526 million
• $397 million
• $1.5 billion
Product and Service Offerings
•   Specialized software and processing
    solutions that automate the mission-critical business processes
    associated with trading securities, managing portfolios and
    accounting for investment assets, and consulting and IT
    management services
•   Specialized software and enterprise
    resource planning solutions, professional services, and
    consulting and IT management services to address the
    administrative, academic and community needs of higher education
    institutions
•   Specialized software and enterprise
    resource planning and administrative solutions, public safety
    and justice solutions, K-12 student information solutions, and
    consulting and IT management services
•   Recovery services and managed services,
    consulting, and business continuity management software that
    help companies maintain uninterrupted access to their
    mission-critical IT systems
Number of Customers
• 14,000
• 1,600
• 2,000
• 10,000
Primary Customers
•   Financial services companies
•   Corporate and government treasury
    departments
•   Energy companies
•   Higher education organizations around
    the world, including colleges, universities, campuses,
    foundations and state systems
•   School districts
•   Central, federal, state and local
    governments
•   Public safety and justice agencies
•   Not-for-profit organizations
•   IT departments of large, medium and
    small companies across virtually all industries, primarily in
    North America and Europe
We were acquired on August 11, 2005 in a leveraged buy-out
    by a consortium of private equity investment funds associated
    with Bain Capital Partners, The Blackstone Group, Goldman
    Sachs & Co., Kohlberg Kravis Roberts & Co.,
    Providence Equity Partners, Silver Lake and TPG (the
    "Transaction"). As a result of the Transaction, we are
    highly leveraged and our equity is no longer publicly traded.
Financial
    Systems
FS provides mission-critical software and IT services to
    institutions in virtually every segment of the financial
    services industry. These systems automate the many complex
    processes associated primarily with managing investment
    portfolios and trading of and accounting for investment assets.
    These solutions address the processing requirements of a broad
    range of users within financial services. In addition, we also
    provide professional services that focus on application
    implementation and integration of these solutions and on custom
    software development. Since our inception, we have consistently
    enhanced our FS solutions to add
2
Table of Contents
new features, process new types of financial instruments, meet
    new regulatory requirements, incorporate new technologies and
    meet evolving customer demands.
We deliver many of our FS solutions as an application service
    provider, primarily from our data centers located in North
    America and Europe that customers access through the Internet or
    virtual private networks. We also deliver some of our FS
    solutions by licensing the software to customers for use on
    their own computers.
Our FS businesses are grouped internally into two divisions. The
    main distinction between the two divisions is that one division
    serves customers whose businesses are primarily in North America
    while the other division serves customers whose businesses are
    primarily international. The grouping of FS businesses in two
    divisions also takes into account the balance of management
    workload.
Americas Division:
The Americas division
    includes our Brokerage & Clearance, Corporations,
    Global Services, Insurance, Trading and Wealth Management
    businesses. It offers software solutions and strategic IT
    consulting to a broad range of users, including chief financial
    officers, compliance officers, custodians, insurers and
    reinsurers, plan administrators, registered investment advisors,
    treasurers, traders and wealth managers. These solutions help
    automate and manage the trading and processing requirements of
    banks, broker/dealers, insurance companies, pension companies,
    fiduciary trusts and other financial services firms primarily in
    North America.
International Division:
The International
    division includes our Alternative Investments, Banks, Capital
    Markets & Investment Banking, Global Trading and
    Institutional Asset Management businesses. It also includes our
    FS international distribution organization which on behalf of
    many of our FS businesses conducts business with customers in
    China, India, Japan, and the rest of Asia-Pacific, Central and
    Eastern Europe, the Middle East, Africa and Latin America. The
    International division offers software solutions and strategic
    IT consulting to a broad range of users including asset
    managers, compliance officers, fund administrators, market
    makers and traders.
Our FS businesses in the Americas and International divisions
    are organized in the following customer-facing business areas:
Alternative Investments:
We offer solutions
    specifically designed for firms specializing in alternative
    investments. These solutions support multiple asset classes and
    their derivatives, including equities, foreign exchange,
    interest rates, credit, commodities and convertibles. Solutions
    include strategy-specific applications for convertible and
    capital structure arbitrage, global repurchase agreements, stock
    finance, and listed options trading. Our enterprise-wide,
    straight-through processing solutions meet the trading, risk
    management, and investor and portfolio accounting requirements
    of single- and multi-strategy institutions.
Banks:
We provide an integrated solution suite
    for asset/liability management, budgeting and planning,
    regulatory compliance, and profitability. Our products also
    manage all aspects of universal banking including back-office
    transaction processing, front-office multi-channel delivery,
    card management and payments.
Corporations:
Our solutions provide chief
    financial officers and treasurers with the ability to monitor
    cash flow in real time and with increased operational controls
    on treasury, receivables and payments functions. An
end-to-end
collaborative financial management framework gives chief
    financial officers and treasurers tools to help drive maximum
    value from working capital and reduce risk.
Brokerage & Clearance:
We are a
    leading provider of solutions for the global processing of
    securities and derivatives. These solutions support trade
    processing, clearing and accounting, helping brokerage and
    clearing firms streamline operations and control risk and cost.
    Our solutions provide centralized transactional databases,
    support cross-asset business functions, and offer consolidated
    views of accounts and risk management. These solutions help
    firms gain
front-to-back
operational efficiencies, realize advantages of scale and
    support business growth.
Capital Markets & Investment
    Banking:
Our solutions support cross-asset
    trading and straight-through processing of derivative
    instruments, helping investment banks to manage global trading
    books in multiple asset classes. These solutions also support
    securities lending and borrowing, repurchase agreements, and
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related transactions. We also offer solutions for the
    enterprise-wide management of market, credit, interest rate and
    liquidity risk. In addition, we provide a framework for helping
    banks to manage operational risk and compliance requirements.
Global Services:
We deliver consulting,
    technology and professional services for financial services,
    energy organizations and corporations. Leveraging SunGard's
    global delivery model, approximately 4,500 consultants and
    developers help customers achieve value from advanced
    technology, application management, business process management,
    business process outsourcing, information management,
    infrastructure management and testing services.
Global Trading:
We provide multi-asset, front-
    to back-office trading solutions for equities, fixed income,
    derivatives, FX and commodities on exchanges worldwide. These
    solutions support full lifecycle trading and trade processing
    activities including information services, market connectivity
    and order management that help improve trade efficiency and risk
    monitoring.
Institutional Asset Management:
We provide
    asset managers with comprehensive, integrated solutions to
    support their global investment operations. These solutions help
    connect every stage of the investment lifecycle, from portfolio
    analysis and electronic trading connectivity to regulatory
    compliance and investment accounting and reporting. We also
    provide systems for trading, pre- and post-trade compliance
    measurement, risk management, performance measurement and
    attribution, and data management.
Insurance:
We provide IT solutions for the
    insurance industry in each of the following major business
    lines: life/health/annuities/pensions, property and casualty,
    reinsurance and asset management. Our software and services
    support functions from the front-office through the
    back-office — from customer service and policy
    administration to actuarial calculations, financial and
    investment accounting, and reporting.
Trading:
We provide traders of
    U.S. equities, commodities and listed options with
    Web-based, electronic trading platforms for trade order
    management, direct market access and risk and compliance
    management. Our cross-asset solutions automate the transaction
    lifecycle, providing network connectivity and straight-through
    processing from pre- to post-trade. Our data analysis tools help
    improve the speed and ease of optimizing portfolios, assessing
    risk exposure and identifying market opportunities. Our energy
    solutions help financial services institutions, industrial and
    energy companies to efficiently compete in global energy markets
    by streamlining and integrating the trading, risk management and
    operations of physical commodities and their associated
    financial instruments.
Wealth Management:
Our wealth management
    solutions help investment advisors, trust bank managers and
    wealth managers grow their businesses by helping support the
    needs of their mass affluent and
high-net
worth clients. We provide solutions for financial planning,
    asset allocation, surveillance and suitability, new account
    opening, portfolio management, unified managed account programs,
    trade execution, asset management, custody and trust accounting.
    Our compliance and data management solutions help compliance
    officers mitigate risk and improve efficiencies through
    centralized data infrastructures, automated trade supervision
    and
code-of-ethics
monitoring. We also serve organizations that administer
    defined-contribution and defined-benefit retirement plans. Our
    retirement plan recordkeeping systems support many plan types
    and fulfill functions ranging from processing of contributions
    and payments to tax reporting and trade management.
Higher
    Education
In HE, we provide software solutions, strategic and systems
    integration consulting, and technology management services to
    colleges and universities, including community colleges, liberal
    arts colleges, public universities, foundations, state systems,
    central and district offices, and international institutions, to
    help them support communities of learners. Higher education
    institutions rely on our broad portfolio of solutions and expert
    guidance to find better ways to teach, learn, manage and connect
    with their constituents. Our Open Digital Campus strategy
    combines our deep expertise in higher education with alternative
    delivery models, modular software components, and modern
    technologies that help universities and colleges design and
    build their next-generation digital campuses. Our solutions
    include administration and enterprise resource planning,
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advancement, IT management and outsourcing, portal and
    communication tools, performance management, enrollment
    management, academic performance and strategic planning.
Public
    Sector
In PS, we provide software and processing solutions designed to
    meet the specialized needs of central, federal, state and local
    governments, public safety and justice agencies, public schools,
    utilities, nonprofits, and other public sector institutions. Our
    systems and services help institutions improve the efficiency of
    their operations and utilize the Web and wireless technologies
    in serving their constituents. Our PS products support a range
    of specialized enterprise resource planning and administrative
    solutions for functions such as accounting, human resources,
    payroll, utility billing, land management, public safety and
    criminal justice, and IT managed services.
Availability
    Services
In AS, we help our customers improve the resilience of mission
    critical systems. We do this by designing, implementing and
    managing cost-effective solutions using people, process and
    technology to address enterprise IT availability needs. Since we
    pioneered commercial disaster recovery in the 1970s, we believe
    that our specialization in information availability solutions,
    together with our experience, technology expertise, resource
    management capabilities, vendor neutrality and diverse service
    offerings, have uniquely positioned us to meet customers'
    varied needs in an environment in which businesses are
    critically dependent on availability of IT. We have a
    comprehensive portfolio of services that extend from always
    ready standby services to high availability advanced recovery
    services and always on production and managed services,
    including planning and provisioning of private and public cloud
    computing and software-as-a-service (SaaS) platforms. We also
    provide business continuity management software and consulting
    services to help our customers design, implement and maintain
    plans to protect their central business systems. To serve our
    10,000 AS customers, we have 5,000,000 square feet of
    operations space at over 80 facilities in nine countries and a
    global network of approximately 25,000 miles. Since our
    inception, we have had a 100% success rate helping our customers
    recover from unplanned interruptions resulting from major
    disasters including the Gulf Coast hurricanes in 2008,
    widespread flooding in the U.K. in 2007, hurricane Katrina and
    Gulf Coast hurricanes in 2005, Florida hurricanes in 2004, the
    Northeast U.S. blackout in 2003 and the terrorist attacks
    of September 11, 2001.
We provide the following four categories of services: recovery
    services, managed services, consulting services and business
    continuity management software. They can be purchased
    independently or collectively, depending on the customer's
    requirements. Although recovery services remain our principal
    revenue generating services, managed services, consulting and
    business continuity management software increasingly account for
    a greater percentage of our new sales. Because advanced recovery
    and managed services are often unique to individual customers
    and utilize a greater proportion of dedicated (versus shared)
    resources, they typically require modestly more capital
    expenditures and command a somewhat lower operating margin rate
    than traditional systems recovery services. The combination of
    all of these services provides our customers with a total,
end-to-end
IT operations and information availability management solution.
Recovery Services:
AS helps customers maintain
    access to the information and computer systems they need to run
    their businesses by providing cost-effective solutions to keep
    IT systems operational and secure in the event of an unplanned
    business disruption. These business disruptions can range from
    man-made events (e.g. power outages, telecommunications
    disruptions and acts of terrorism) to natural disasters (e.g.
    floods, hurricanes and earthquakes). AS offers a complete range
    of recovery services, depending on the length of time deemed
    acceptable by customers for IT systems outage —
    ranging from minutes (for mission-critical applications) to
    several hours or several days (for non-mission-critical
    applications). We deliver these services using processors,
    servers, storage devices, networks and other resources and
    infrastructure that are subscribed to by multiple customers,
    which results in economies of scale for us and
    cost-effectiveness for our customers. These shared services
    range from basic standby systems recovery services, workforce
    continuity services, and mobile recovery options to blended
    "advanced recovery" or "high availability"
    solutions that typically combine systems recovery services with
    dedicated data storage resources that allow customers to
    replicate data to one of our sites, helping them minimize data
    loss and reduce recovery times.
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Managed Services:
AS provides IT
    infrastructure and production services that customers use to run
    their businesses on a
day-to-day
basis. These services range from co-located IT infrastructure
    (e.g., where AS provides data center space, power, cooling and
    network connectivity) to fully managed infrastructure services
    (e.g., where AS fully manages the daily operation of a
    customer's IT infrastructure). AS can also provide managed
    services at the customer's data center. Some managed
    services require dedicated processors, servers, storage devices,
    networks and other resources, which are either obtained by the
    customer or provided by us for the customer's exclusive
    use. Other managed services are provided on shared
    infrastructure. Managed services are designed in a flexible
    manner that allow customers to choose the services they need
    from a menu of options delivered on pre-agreed schedules or on
    an on-demand basis. Therefore, the combination of selected
    managed services is unique to each customer, with solutions
    crafted to meet that customer's specific needs. Managed
    services help customers augment their IT resources and skills
    without having to hire full-time internal IT staff and invest in
    infrastructure that is not fully used all the time. In 2010, we
    expect to launch enterprise-grade cloud computing services in
    North America building on our expertise in information
    availability and managed services.
Consulting Services:
AS offers consulting
    services to help customers solve critical business continuity
    and IT infrastructure problems including business continuity,
    data storage and management, information security, and numerous
    categories of IT infrastructure operations.
Business Continuity Management Software:
AS
    offers software solutions that help customers operate a
    comprehensive and professional business continuity plan across
    their enterprise and enable ongoing business operations in a
    crisis. AS software has flexible modular solutions that allow
    customers to add functionality as required. Modules are
    available to support business impact analysis, business
    continuity planning, incident response and emergency
    notification. The software solution leverages a common platform
    for data consistency, as well as standardized reporting for
    seamless automation of the business continuity process.
Our
    Strengths
Leading franchise in attractive
    industries.
Built over many years, our business
    has leading positions and strong customer relationships in
    industries with attractive growth dynamics.
•
Leading industry positions.
We believe that,
    within the highly fragmented global market for financial
    services IT software and services, the majority of businesses
    within our FS segment are leaders in the sectors in which they
    participate. We believe that HE and PS are both leading
    providers of software and services to higher education
    institutions and the public sector, respectively, and that AS is
    the pioneer and a leading provider in the information
    availability services industry.
•
Attractive industry dynamics.
While the
    economic crisis and resulting recession has had a negative
    impact on the sectors in which we operate, we believe that, over
    the long term, our primary market segments continue to have
    strong growth potential. We believe that our FS business will
    benefit from several key industry dynamics: the shift from
    internal to outsourced IT spending, the shift from
    infrastructure to application software spending, and the general
    increase in IT spending associated with increasing compliance
    and regulatory requirements and customers' increasing need
    for real-time information. We anticipate that our HE and PS
    businesses will benefit from favorable growth dynamics in higher
    education and public safety and justice IT spending. We believe
    that our AS business will continue to benefit from favorable
    growth in the small and medium business sector as well as in the
    managed services industry. We believe that our strong
    relationships with our customers in the relatively fragmented
    software and processing sectors that we serve and our extensive
    experience and the significant total capital that we have
    invested in AS help us to maintain leading positions. We believe
    that these factors should provide us with competitive advantages
    and enhance our growth potential.
Highly attractive business model.
We have
    substantial recurring revenue and a diversified customer base
    and generate significant operating cash flow.
•
Extensive portfolio of businesses with substantial recurring
    revenue.
With a large portfolio of proprietary
    services and products in each of our four business segments, we
    have a diversified and
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stable business. We estimate that approximately 90% of our
    revenue for the past three fiscal years was recurring in nature.
    With the exception of our broker/dealer business, we believe
    that our FS revenue is more insulated from changes in trading
    and transaction volumes than the financial services industry at
    large because our FS customers generally pay us monthly fees
    that are based on metrics such as number of accounts, trades or
    transactions, users or number of hours of service. Our portfolio
    of solutions and the largely recurring nature of our revenue
    across all four of our segments have reduced volatility in our
    revenue and income from operations.
•
Diversified and stable customer base.
Our
    customer base is highly diversified with no single customer
    accounting for more than 9% of total revenue during any of the
    last three fiscal years. Our base of more than 25,000 customers
    includes most of the world's largest financial services
    firms, a variety of other financial services firms, corporate
    and government treasury departments, energy companies, higher
    education institutions, school districts, local governments and
not-for-profit
organizations. Our AS business serves customers across virtually
    all industries. In addition, our track record of helping our
    customers improve their operational efficiency, achieve high
    levels of availability and address regulatory requirements
    results in stable, long-term customer relationships.
•
Significant operating cash flow
    generation.
With strong operating margins and
    relatively moderate capital-expenditure and working-capital
    investment needs, we generate significant operating cash flow.
    Our strong cash flow allows us to meet our significant
    debt-service requirements and make discretionary investments to
    grow the business, both by investing in new products and
    services and through acquisitions.
Experienced management team with track record of success with
    proper incentives.
Our management team fosters an
    entrepreneurial culture, has a long track record of operational
    excellence, has a proven ability to acquire and integrate
    complementary businesses, and is highly committed to our
    Company's long-term success.
•
Long track record of operational
    excellence.
We have a solid track record of
    performance consistent with internal financial targets. Our
    experienced senior executive officers have proven capabilities
    in both running a global business and managing numerous
    applications that are important to our customers. Our FS
    solutions account for and manage over $25 trillion in investment
    assets and process over 5 million transactions per day. In
    our HE business, 1,600 organizations including colleges,
    universities, campuses, foundations and state systems rely on
    our solutions. Our PS products are used by agencies that serve
    more than 140 million citizens in North America and
    40 million citizens in the UK. Our AS business has had a
    100% success rate in supporting customer recoveries since our
    inception.
•
Successful, disciplined acquisition
    program.
To complement our organic growth, we
    have a highly disciplined program to identify, evaluate, execute
    and integrate acquisitions. We have completed over 170
    acquisitions and overall have improved the operating performance
    of acquired businesses. Our ongoing acquisition program has
    contributed significantly to our long-term growth and success.
•
Experienced and committed management team.
Our
    executive officers have on average more than 15 years of
    industry experience. Our senior managers have committed
    significant personal capital to our Company in connection with
    the Transaction.
Business
    Strategy
We are focused on expanding our position not only as a leading
    provider of software and processing solutions, but also as the
    provider of choice for a wide range of information availability
    services and managed services for IT-departments in companies
    across virtually all industries. Our operating and financial
    strategy emphasizes fiscal discipline, profitable revenue growth
    and significant operating cash flow generation. In pursuit of
    these objectives, we have implemented the following strategies:
Expand our industry-leading franchise.
We are
    constantly enhancing our product and service offerings across
    our portfolio of businesses, further building and leveraging our
    customer relationships, and looking to acquire complementary
    businesses at attractive valuations.
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•
Enhance our product and service offerings.
We
    continually support, upgrade and enhance our systems to
    incorporate new technology and meet the needs of our customers
    for increased operational efficiency and resilience. Our strong
    base of recurring revenue drives high operating margins that
    allow us to consistently reinvest in our products and services.
    In 2009 and 2008, software development expenses were 7% and 8%,
    respectively, of revenue from software and processing solutions.
    We continue to introduce innovative products and services in all
    four of our business segments. We believe that our focus on
    product enhancement and innovation will help us to increase our
    penetration of existing and new customers.
•
Extend our strong customer relationships.
We
    focus on developing trusted, mutually beneficial, long-term
    relationships with our customers. We look to maximize
    cross-selling opportunities, increase our share of our
    customers' total IT spending and maintain a high level of
    customer satisfaction. Our global account management program
    allows us to present a single face to our larger FS customers as
    well as better target potential cross-selling opportunities.
•
Acquire and integrate complementary
    businesses.
We seek opportunistically to acquire
    businesses that broaden our existing product and service
    offerings, expand our customer base and strengthen our
    leadership positions, especially within the fragmented FS, HE
    and PS markets, and that will provide us with a suitable return
    on investment. Before committing to an acquisition, we devote
    significant resources to due diligence and to developing a
    post-acquisition integration plan, including the identification
    and quantification of potential cost savings and synergies.
Continue to enhance our attractive business
    model.
We continue to focus on maintaining our
    attractive business model and, in particular, increasing our
    recurring revenue base and implementing incremental operational
    improvements.
•
Increase our recurring revenue base.
We strive
    to generate a high level of recurring revenue and stable cash
    flow from operations. We charge customers monthly subscription
    fees under multi-year contracts, and we continue to prefer such
    contracts because they offer high levels of revenue stability
    and visibility. Moreover, we believe that our high quality
    services and customized solutions help increase the level of
    integration and efficiency for our customers and reduce customer
    defections to other vendors or to in-house solutions.
•
Implement incremental operational
    improvements.
We have identified opportunities to
    further increase revenue, reduce costs and improve cash flow
    from operations. These include the global account management
    program within FS, which stimulates cross-selling opportunities
    and enhances relationship management at our largest customers;
    the combination of our consulting services and technology
    services business units to form a global services organization
    which offers a broader range of services to our customers
    leveraging a global delivery model; the introduction of a
    customer relationship management system to enhance sales force
    automation in our AS business; the implementation of a
    software-as-a-service (SaaS) application development framework
    to help accelerate
time-to-market
and achieve flexible delivery of software solutions; and the
    consolidation of data centers within FS.
Enhance our performance-based culture.
We are
    focused on enhancing our performance-based culture. Our
    compensation programs are designed to be based primarily on
    achieving high performance goals. We continue to evaluate the
    competitiveness of our compensation plans in order to promote
    retention of key individuals in both our existing and acquired
    businesses.
SunGard Data Systems Inc. was incorporated under Delaware law in
    1982. Our principal executive offices are located at 680 East
    Swedesford Road, Wayne, Pennsylvania 19087. Our telephone number
    is
(484) 582-2000.
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The
    Notes
The summary below describes the principal terms of the notes.
    Certain of the terms and conditions described below are subject
    to important limitations and exceptions. The "Description
    of the Senior Notes" and "Description of the Senior
    Subordinated Notes" sections of this prospectus contain a
    more detailed description of the terms and conditions of the
    notes.
Issuer
SunGard Data Systems Inc.
Securities Offered
9
1
/
8
% Senior
    Notes due 2013.
10
5
/
8
% Senior
    Notes due 2015.
10
1
/
4
% Senior
    Subordinated Notes due 2015.
Maturity
The senior notes due 2013 mature on August 15, 2013.
The senior notes due 2015 mature on May 15, 2015.
The senior subordinated notes mature on August 15, 2015.
Interest Rate
The senior notes due 2013 bear interest at a rate of
    9
1
/
8
%
    per annum.
The senior notes due 2015 bear interest at a rate of
    10
5
/
8
%
    per annum.
The senior subordinated notes bear interest at a rate of
    10
1
/
4
%
    per annum.
Interest Payment Dates
We pay interest on the senior notes due 2013 and the senior
    subordinated notes on February 15 and August 15 and on the
    senior notes due 2015 on April 1 and October 1. Interest
    accrues from the most recent date to which interest has been
    paid or, if no interest has been paid, the issue date of the
    notes.
Guarantees
Each of our domestic subsidiaries that guarantees the
    obligations under our senior secured credit facilities are
    initially jointly and severally and unconditionally guaranteeing
    the senior notes on a senior unsecured basis and the senior
    subordinated notes on an unsecured senior subordinated basis.
Ranking
The senior notes are our senior unsecured obligations and:
• rank senior in right of payment to our future debt
    and other obligations that are, by their terms, expressly
    subordinated in right of payment to the senior notes, including
    the senior subordinated notes;
• rank equally in right of payment to all of our
    existing and future senior debt and other obligations that are
    not, by their terms, expressly subordinated in right of payment
    to the senior notes; and
• are effectively subordinated in right of payment to
    all of our existing and future secured debt including
    obligations under our senior secured credit facilities and the
    4.875% senior notes due 2014 (referred to in this
    prospectus as the "senior secured notes"), to the
    extent of the value of the assets securing such debt, and are
    structurally subordinated to all obligations of each of our
    subsidiaries that is not a guarantor of the senior notes.
Similarly, the guarantees of the senior notes are senior
    unsecured obligations of the guarantors and:
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• rank senior in right of payment to all of the
    applicable guarantor's future debt and other obligations
    that are, by their terms, expressly subordinated in right of
    payment to the senior notes, including such guarantor's
    guarantee under the senior subordinated notes;
• rank equally in right of payment to all of the
    applicable guarantor's existing and future senior debt and
    other obligations that are not, by their terms, expressly
    subordinated in right of payment to the senior notes; and
• are effectively subordinated in right of payment to
    all of the applicable guarantor's existing and future
    secured debt (including such guarantor's guarantee under
    our senior secured credit facilities and the senior secured
    notes), to the extent of the value of the assets securing such
    debt, and are structurally subordinated to all obligations of
    any subsidiary of a guarantor if that subsidiary is not also a
    guarantor of the senior notes.
The senior subordinated notes are our unsecured senior
    subordinated obligations and:
• are subordinated in right of payment to our existing
    and future senior debt, including our senior secured credit
    facilities, the senior secured notes and the senior notes;
• rank equally in right of payment to all of our
    future senior subordinated debt;
• are effectively subordinated in right of payment to
    all of our existing and future secured debt (including our
    senior secured credit facilities and the senior secured notes),
    to the extent of the value of the assets securing such debt, and
    are structurally subordinated to all obligations of each of our
    subsidiaries that is not a guarantor of the senior subordinated
    notes; and
• rank senior in right of payment to all of our future
    debt and other obligations that are, by their terms, expressly
    subordinated in right of payment to the senior subordinated
    notes.
Similarly, the guarantees of the senior subordinated notes are
    unsecured senior subordinated obligations of the guarantors and:
• are subordinated in right of payment to all of the
    applicable guarantor's existing and future senior debt,
    including such guarantor's guarantee under our senior
    secured credit facilities, the senior secured notes and the
    senior notes;
• rank equally in right of payment to all of the
    applicable guarantor's future senior subordinated debt;
• are effectively subordinated in right of payment to
    all of the applicable guarantor's existing and future
    secured debt (including such guarantor's guarantee under
    our senior secured credit facilities and the senior secured
    notes), to the extent of the value of the assets securing such
    debt, and are structurally subordinated to all obligations of
    any subsidiary of a guarantor if that subsidiary is not also a
    guarantor of the senior subordinated notes; and
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• rank senior in right of payment to all of the
    applicable guarantor's future subordinated debt and other
    obligations that are, by their terms, expressly subordinated in
    right of payment to the senior subordinated notes.
As of December 31, 2009, (1) the notes and related
    guarantees ranked effectively junior to approximately
    $4,967 million of senior secured indebtedness (which
    includes $250 million face amount of our senior secured
    notes that are recorded at $234 million), (2) the
    senior notes and related guarantees ranked senior to the
    $1,000 million of senior subordinated notes, (3) the
    senior subordinated notes and related guarantees ranked junior
    to approximately $7,067 million of senior indebtedness
    under the senior secured credit facilities, the senior secured
    notes, the senior notes and $19 million of payment
    obligations relating to historical acquisitions and capital
    lease obligations (4) we had an additional
    $804 million of unutilized capacity under our revolving
    credit facility, after giving effect to certain outstanding
    letters of credit and (5) our non-guarantor subsidiaries
    had approximately $8 million (of the $19 million
    described above) of payment obligations relating to historical
    acquisitions and capital lease obligations. In addition,
    $250 million was outstanding under our receivables facility
    which is secured by accounts receivable of our subsidiaries that
    participate in the facility.
Optional Redemption
Beginning on August 15, 2009, we may redeem some or all of
    the senior notes due 2013 at the redemption prices listed under
    "Description of Senior Notes Due 2013 — Optional
    Redemption" plus accrued interest on the senior notes to
    the date of redemption.
Prior to April 1, 2012, we have the option to redeem some
    or all of the senior notes due 2015 for cash at a redemption
    price equal to 100% of their principal amount plus an applicable
    make-whole premium (as described in "Description of Senior
    Notes Due 2015 — Optional Redemption") plus
    accrued and unpaid interest to the redemption date. Beginning on
    April 1, 2012, we may redeem some or all of the senior
    notes due 2015 at the redemption prices listed under
    "Description of Senior Notes Due 2015 — Optional
    Redemption" plus accrued interest on the senior notes to
    the date of redemption.
Prior to August 15, 2010, we have the option to redeem some
    or all of the senior subordinated notes for cash at a redemption
    price equal to 100% of their principal amount plus an applicable
    make-whole premium (as described in "Description of Senior
    Subordinated Notes — Optional Redemption") plus
    accrued and unpaid interest to the redemption date. Beginning on
    August 15, 2010, we may redeem some or all of the senior
    subordinated notes at the redemption prices listed under
    "Description of Senior Subordinated Notes —
    Optional Redemption" plus accrued interest on the senior
    subordinated notes to the date of redemption.
Optional Redemption After Certain Equity Offerings
At any time (which may be more than once) before October 1,
    2011, we may choose to redeem up to 35% of the senior notes due
    2015 at a redemption price equal to 110.625% of the face thereof
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with proceeds that we or one of our parent companies (as defined
    below) raise in one or more equity offerings, as long as at
    least 50% of the aggregate principal amount of the notes issued
    of the applicable series remains outstanding afterwards.
See "Description of Senior Notes Due 2015 —
    Optional Redemption."
Change of Control Offer
Upon the occurrence of a change of control, you will have the
    right, as holders of the notes, to require us to repurchase some
    or all of your notes at 101% of their face amount, plus accrued
    and unpaid interest to the repurchase date. See
    "Description of Senior Notes Due 2013, —
    Repurchase at the Option of Holders — Change of
    Control", "Description of Senior Notes Due
    2015 — Repurchase at the Option of Holders —
    Change of Control" and "Description of Senior
    Subordinated Notes — Repurchase at the Option of
    Holders — Change of Control."
We may not be able to pay you the required price for notes you
    present to us at the time of a change of control, because:
• we may not have enough funds at that time; or
• terms of our senior debt, including, in the case of
    the senior subordinated notes, the indenture governing the
    senior notes, may prevent us from making such payment
Your right to require us to repurchase a series of notes upon
    the occurrence of a change of control will be suspended during
    any time that the applicable series of notes have investment
    grade ratings from both Moody's Investors Service, Inc. and
    Standard & Poor's.
Certain Indenture Provisions
The indentures governing the notes contain covenants limiting
    our ability and the ability of our restricted subsidiaries to:
• incur additional debt or issue certain preferred
    shares;
• pay dividends on or make distributions in respect of
    our capital stock or make other restricted payments;
• make certain investments;
• sell certain investments;
• create liens on certain assets to secure debt;
• consolidate, merge, sell or otherwise dispose of all
    or substantially all of our assets;
• enter into certain transactions with our affiliates;
    and
• designate our subsidiaries as unrestricted
    subsidiaries.
These covenants are subject to a number of important limitations
    and exceptions. See "Description of Senior Notes Due 2013,
    Description of Senior Notes Due 2015" and "Description
    of Senior Subordinated Notes." Certain covenants will cease
    to apply to a series of notes at all times after the applicable
    series of notes have investment grade ratings from both
    Moody's Investors Service, Inc. and Standard &
    Poor's.
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No Public Market
The notes are freely transferable, but there may not be an
    active trading market for the notes. We cannot assure you as to
    the future liquidity of any market. The initial purchasers in
    the private offering of the notes have advised us that they
    currently intend to make a market in the notes. The initial
    purchasers are not obligated, however, to make a market in the
    notes, and any such market-making may be discontinued by the
    initial purchasers in their discretion at any time without
    notice.
Risk
    Factors
You should carefully consider all the information in the
    prospectus prior to investing in the notes. In particular, we
    urge you to consider carefully consider the factors set forth
    under the heading "Risk Factors."
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SUMMARY
    HISTORICAL CONSOLIDATED FINANCIAL DATA
Set forth below is summary historical consolidated financial
    data, at the dates and for the periods indicated. The historical
    data for the fiscal years ended December 31, 2007, 2008 and
    2009 have been derived from SunGard's historical
    consolidated financial statements included elsewhere in this
    prospectus.
The summary historical consolidated financial data should be
    read in conjunction with "Selected Historical Consolidated
    Financial Data," "Management's Discussion and
    Analysis of Financial Condition and Results of Operations"
    and our consolidated financial statements and related notes
    appearing elsewhere in this prospectus.
Year Ended
Year Ended
Year Ended
December 31,
December 31,
December 31,
2007
2008
2009
(Dollars in millions)
Statement of Operations Data:
Revenue
$
4,901
$
5,596
$
5,508
Operating costs and expenses:
Cost of sales and direct operating
$
2,268
$
2,744
$
2,709
Sales, marketing and administration
1,042
1,151
1,112
Product development
271
308
302
Depreciation and amortization
251
278
291
Amortization of acquisition-related intangible assets
438
515
540
Goodwill impairment charge and merger costs
—
130
1,130
Total operating costs and expenses
4,270
5,126
6,084
Income from operations
631
470
(576
)
Interest income
19
18
7
Interest expense
(645
)
(599
)
(637
)
Other (expense)
    income
(1)
(68
)
(93
)
15
Loss before income taxes
(63
)
(204
)
(1,191
)
Income tax (expense) benefit
3
(38
)
73
Net loss
$
(60
)
$
(242
)
$
(1,118
)
Statement of Cash Flows Data:
Net cash provided by (used in):
Operating activities
$
701
$
385
$
639
Investing activities
(564
)
(1,109
)
(333
)
Financing activities
(32
)
1,303
(628
)
Other Financial Data:
EBITDA
(2)
$
1,252
$
1,298
$
1,396
Capital expenditures,
    net
(3)
307
392
327
(1)
During 2007, we recorded $29 million related to the loss on
    sale of the receivables and discount on retained interests in
    connection with the accounts receivable securitization program
    and $28 million associated with the early retirement of the
    $400 million of senior floating rate notes due 2013, of
    which $19 million represented the retirement premium paid
    to the noteholders. During 2008, we recorded $25 million
    related to the loss on sale of the receivables and discount on
    retained interests in connection with the accounts receivable
    securitization program; $46 million in foreign exchange
    losses related to our Euro denominated term loan;
    $10 million related to hedge settlements associated with
    the GL TRADE acquisition; and $7 million related to unused
    alternative financing commitments for the acquisition of GL
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TRADE. During 2009, we recorded $14 million in foreign
    currency translation gains related to our Euro denominated term
    loan.
(2)
EBITDA, a measure used by management to measure operating
    performance, is defined as net income plus interest, taxes,
    depreciation and amortization and goodwill impairment. EBITDA is
    not a recognized term under generally accepted accounting
    principles (GAAP) and does not purport to be an alternative to
    net income as a measure of operating performance or to cash
    flows from operating activities as a measure of liquidity.
    Additionally, EBITDA is not intended to be a measure of free
    cash flow available for management's discretionary use, as
    it does not consider certain cash requirements such as interest
    payments, tax payments and debt service requirements. Management
    believes EBITDA is helpful in highlighting trends because EBITDA
    can differ significantly from company to company depending on
    long-term strategic decisions regarding capital structure, the
    tax jurisdictions in which companies operate and capital
    investments. In addition, EBITDA provides more comparability
    between the historical results of SunGard and results that
    reflect purchase accounting and the new capital structure.
    Management compensates for the limitations of using non-GAAP
    financial measures by using them to supplement GAAP results to
    provide a more complete understanding of the factors and trends
    affecting the business than GAAP results alone. Because not all
    companies use identical calculations, these presentations of
    EBITDA may not be comparable to other similarly titled measures
    of other companies.
Historical EBITDA is calculated as follows:
Year Ended
Year Ended
Year Ended
December 31,
December 31,
December 31,
2007
2008
2009
(Dollars in millions)
Net loss
$
(60
)
$
(242
)
$
(1,118
)
Interest expense, net
626
581
630
Taxes
(3
)
38
(73
)
Depreciation and amortization
689
793
831
Goodwill impairment charge
—
128
1,126
EBITDA
$
1,252
$
1,298
$
1,396
(3)
Capital expenditures represent net cash paid for property and
    equipment as well as software and other assets.
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RISK
    FACTORS
You should carefully consider the following risk factors and
    all other information contained in this prospectus before
    deciding whether to invest in the notes. The risks and
    uncertainties described below are not the only ones we face.
    Additional risks and uncertainties that we are unaware of, or
    that we currently deem immaterial, also may become important
    factors that affect us.
If any of the following risks occur, our business, financial
    condition or results of operations could be materially and
    adversely affected. In that case, the trading price of the notes
    could decline or we may not be able to make payments of interest
    and principal on the notes, and you may lose some or all of your
    investment.
Risks
    Related to Our Indebtedness
Our
    substantial leverage could adversely affect our ability to raise
    additional capital to fund our operations, limit our ability to
    react to changes in the economy or our industry, expose us to
    interest rate risk to the extent of our variable rate debt and
    prevent us from meeting our debt obligations.
As a result of being acquired on August 11, 2005 by a
    consortium of private equity investment funds, we are highly
    leveraged and our debt service requirements are significant.
Our high degree of debt-related leverage could have important
    consequences, including:
•
making it more difficult for us to make payments on our debt
    obligations;
•
increasing our vulnerability to general economic and industry
    conditions;
•
requiring a substantial portion of cash flow from operations to
    be dedicated to the payment of principal and interest on our
    indebtedness, therefore reducing our ability to use our cash
    flow to fund our operations, capital expenditures and future
    business opportunities;
•
exposing us to the risk of increased interest rates as certain
    of our borrowings, including borrowings under our senior secured
    credit facilities, are at variable rates of interest;
•
restricting us from making acquisitions or causing us to make
    non-strategic divestitures;
•
limiting our ability to obtain additional financing for working
    capital, capital expenditures, product development, debt service
    requirements, acquisitions and general corporate or other
    purposes; and
•
limiting our ability to adjust to changing market conditions and
    placing us at a competitive disadvantage compared to our
    competitors who are less highly leveraged.
We and our subsidiaries may be able to incur substantial
    additional indebtedness in the future, subject to the
    restrictions contained in our senior secured credit facilities
    and the indentures relating to our senior notes due 2013 and
    2015 and senior subordinated notes due 2015. If new indebtedness
    is added to our current debt levels, the related risks that we
    now face could intensify. If we incur any additional
    indebtedness that ranks equally with the senior notes or the
    senior subordinated notes, the holders of that additional debt
    will be entitled to share ratably with the holders of the senior
    notes and the subordinated notes, respectively, in any proceeds
    distributed in connection with any insolvency, liquidation,
    reorganization, dissolution or other
winding-up
of us. This may have the effect of reducing the amount of
    proceeds paid to you.
Our
    debt agreements contain restrictions that limit our flexibility
    in operating our business.
Our senior secured credit agreement and the indentures governing
    our senior notes due 2013 and 2015 and senior subordinated notes
    due 2015 contain various covenants that limit our ability to
    engage in specified types of transactions. These covenants limit
    our ability to, among other things:
•
incur additional indebtedness or issue certain preferred shares;
•
pay dividends on, repurchase or make distributions in respect of
    our capital stock or make other restricted payments;
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•
make certain investments;
•
sell certain assets;
•
create liens;
•
consolidate, merge, sell or otherwise dispose of all or
    substantially all of our assets; and
•
enter into certain transactions with our affiliates.
In addition, under the senior secured credit agreement, we are
    required to satisfy and maintain specified financial ratios and
    other financial condition tests. Our ability to meet those
    financial ratios and tests can be affected by events beyond our
    control, and we may not be able to meet those ratios and tests.
    A breach of any of these covenants could result in a default
    under the senior secured credit agreement. Upon an event of
    default under the senior secured credit agreement, the lenders
    could elect to declare all amounts outstanding to be immediately
    due and payable and terminate all commitments to extend further
    credit.
If we were unable to repay those amounts, the lenders under the
    senior secured credit agreement could proceed against the
    collateral granted to them to secure that indebtedness. We have
    pledged a significant portion of our assets as collateral under
    the senior secured credit agreement and the senior secured
    notes, to the extent required by the indenture governing these
    notes. If the lenders under the senior secured credit agreement
    accelerate the repayment of borrowings, we may not have
    sufficient assets to repay the senior secured credit facilities
    and the senior secured notes, as well as our unsecured
    indebtedness.
Risks
    Related to Our Business
Our
    business depends largely on the economy and financial markets,
    and a slowdown or downturn in the economy or financial markets
    could adversely affect our business and results of
    operations.
When there is a slowdown or downturn in the economy, a drop in
    stock market levels or trading volumes, or an event that
    disrupts the financial markets, our business and financial
    results may suffer for a number of reasons. Customers may react
    to worsening conditions by reducing their capital expenditures
    in general or by specifically reducing their IT spending. In
    addition, customers may curtail or discontinue trading
    operations, delay or cancel IT projects, or seek to lower their
    costs by renegotiating vendor contracts. Also, customers with
    excess IT resources may choose to take their information
    availability solutions in-house rather than obtain those
    solutions from us. Moreover, competitors may respond to market
    conditions by lowering prices and attempting to lure away our
    customers to lower cost solutions. If any of these circumstances
    remain in effect for an extended period of time, there could be
    a material adverse effect on our financial results. Because our
    financial performance tends to lag behind fluctuations in the
    economy, our recovery from any particular downturn in the
    economy may not occur until after economic conditions have
    generally improved.
Our
    business depends to a significant degree on the financial
    services industry, and a weakening of, or further consolidation
    in, the financial services industry could adversely affect our
    business and results of operations.
Because our customer base is concentrated in the financial
    services industry, our business is largely dependent on the
    health of that industry. When there is a general downturn in the
    financial services industry, or if our customers in that
    industry experience financial or business problems, our business
    and financial results may suffer. If financial services firms
    continue to consolidate, there could be a material adverse
    effect on our business and financial results. When a customer
    merges with a firm using its own solution or another
    vendor's solution, they could decide to consolidate on a
    non-SunGard system, which could have an adverse effect on our
    financial results.
Our
    acquisition program is an important element of our strategy but,
    because of the uncertainties involved, this program may not be
    successful and we may not be able to successfully integrate and
    manage acquired businesses.
Part of our growth strategy is to pursue additional acquisitions
    in the future. There can be no assurance that our acquisition
    program will continue to be successful. In addition, we may
    finance any future acquisition
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with debt, which would increase our overall levels of
    indebtedness and related interest costs. If we are unable to
    successfully integrate and manage acquired businesses, then our
    business and financial results may suffer. It is possible that
    the businesses we have acquired and businesses that we acquire
    in the future may perform worse than expected, be subject to an
    adverse litigation outcome or prove to be more difficult to
    integrate and manage than expected. If that happens, there may
    be a material adverse effect on our business and financial
    results for a number of reasons, including:
•
we may have to devote unanticipated financial and management
    resources to acquired businesses;
•
we may not be able to realize expected operating efficiencies or
    product integration benefits from our acquisitions;
•
we may have to write off goodwill or other intangible
    assets; and
•
we may incur unforeseen obligations or liabilities (including
    assumed liabilities not fully indemnified by the seller) in
    connection with acquisitions.
If we
    are unable to identify suitable acquisition candidates and
    successfully complete acquisitions, our growth may be adversely
    affected.
Our growth has depended in part on our ability to acquire
    similar or complementary businesses on favorable terms. This
    growth strategy is subject to a number of risks that could
    adversely affect our business and financial results, including:
•
we may not be able to find suitable businesses to acquire at
    affordable valuations or on other acceptable terms;
•
we may face competition for acquisitions from other potential
    acquirers, some of whom may have greater resources than us or
    may be less highly leveraged, or from the possibility of an
    acquisition target pursuing an initial public offering of its
    stock;
•
we may have to incur additional debt to finance future
    acquisitions as we have done in the past and no assurance can be
    given as to whether, and on what terms, such additional debt
    will be available; and
•
we may find it more difficult or costly to complete acquisitions
    due to changes in accounting, tax, securities or other
    regulations.
Catastrophic
    events may disrupt or otherwise adversely affect the markets in
    which we operate, our business and our
    profitability.
Our business may be adversely affected by a war, terrorist
    attack, natural disaster or other catastrophe. A catastrophic
    event could have a direct negative impact on us or an indirect
    impact on us by, for example, affecting our customers, the
    financial markets or the overall economy. The potential for a
    direct impact is due primarily to our significant investment in
    our infrastructure. Although we maintain redundant facilities
    and have contingency plans in place to protect against both
    man-made and natural threats, it is impossible to fully
    anticipate and protect against all potential catastrophes.
    Despite our preparations, a security breach, criminal act,
    military action, power or communication failure, flood, severe
    storm or the like could lead to service interruptions and data
    losses for customers, disruptions to our operations, or damage
    to our important facilities. The same disasters or circumstances
    that may lead to our customers requiring access to our
    availability services may negatively impact our own ability to
    provide such services. Our three largest availability services
    facilities are particularly important, and a major disruption at
    one or more of those facilities could disrupt or otherwise
    impair our ability to provide services to our availability
    services customers. If any of these events happen, we may be
    exposed to unexpected liability, our customers may leave, our
    reputation may be tarnished, and there could be a material
    adverse effect on our business and financial results.
Our
    application service provider systems may be subject to
    disruptions that could adversely affect our reputation and our
    business.
Our application service provider systems maintain and process
    confidential data on behalf of our customers, some of which is
    critical to their business operations. For example, our trading
    and brokerage and clearance systems maintain account and trading
    information for our customers and their clients, and our wealth
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management and insurance systems maintain investor account
    information for retirement plans, insurance policies and mutual
    funds. There is no guarantee that the systems and procedures
    that we maintain to protect against unauthorized access to such
    information are adequate to protect against all security
    breaches. If our application service provider systems are
    disrupted or fail for any reason, or if our systems or
    facilities are infiltrated or damaged by unauthorized persons,
    our customers could experience data loss, financial loss, harm
    to reputation and significant business interruption. If that
    happens, we may be exposed to unexpected liability, our
    customers may leave, our reputation may be tarnished, and there
    could be a material adverse effect on our business and financial
    results.
Because
    the sales cycle for our software is typically lengthy and
    unpredictable, our results may fluctuate from period to
    period.
Our operating results may fluctuate from period to period and be
    difficult to predict in a particular period due to the timing
    and magnitude of software sales. We offer a number of our
    software solutions on a license basis, which means that the
    customer has the right to run the software on its own computers.
    The customer usually makes a significant up-front payment to
    license software, which we generally recognize as revenue when
    the license contract is signed and the software is delivered.
    The size of the up-front payment often depends on a number of
    factors that are different for each customer, such as the number
    of customer locations, users or accounts. As a result, the sales
    cycle for a software license may be lengthy and take unexpected
    turns. Thus, it is difficult to predict when software sales will
    occur or how much revenue they will generate. Since there are
    few incremental costs associated with software sales, our
    operating results may fluctuate from quarter to quarter and year
    to year due to the timing and magnitude of software sales.
Rapid
    changes in technology and our customers' businesses could
    adversely affect our business and financial
    results.
Our business may suffer if we do not successfully adapt our
    products and services to changes in technology and changes in
    our customers' businesses. These changes can occur rapidly
    and at unpredictable intervals and we may not be able to respond
    adequately. If we do not successfully update and integrate our
    products and services to adapt to these changes, or if we do not
    successfully develop new products and services needed by our
    customers to keep pace with these changes, then our business and
    financial results may suffer. Our ability to keep up with
    technology and business changes is subject to a number of risks,
    and we may find it difficult or costly to, among other things:
•
update our products and services and to develop new products
    fast enough to meet our customers' needs;
•
make some features of our products and services work effectively
    and securely over the Internet;
•
integrate more of our FS solutions;
•
update our products and services to keep pace with business,
    regulatory and other developments in the financial services
    industry, where many of our customers operate; and
•
update our services to keep pace with advancements in hardware,
    software and telecommunications technology.
Some technological changes, such as advancements that have
    facilitated the ability of our AS customers to develop their own
    internal solutions, may render some of our products and services
    less valuable or eventually obsolete. In addition, because of
    ongoing, rapid technological changes, the useful lives of some
    technology assets have become shorter and customers are
    therefore replacing these assets more often. As a result, our
    customers are increasingly expressing a preference for contracts
    with shorter terms, which could make our revenue less
    predictable in the future.
Customers
    taking their information availability solutions in-house may
    continue to create pressure on our organic revenue growth
    rate.
Our AS solutions allow customers to leverage our significant
    infrastructure and take advantage of our experience, technology
    expertise, resource management capabilities and vendor
    neutrality. Technological advances
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in recent years have significantly reduced the cost and the
    complexity of developing in-house solutions. Some customers,
    especially among the very largest having significant IT
    resources, prefer to develop and maintain their own in-house
    availability solutions, which can result in a loss of revenue
    from those customers. If this trend continues or worsens, there
    will be continued pressure on our organic revenue growth rate.
The
    trend toward information availability solutions utilizing more
    single customer dedicated resources likely will lower our
    overall operating margin rate over time.
In the information availability services industry, especially
    among our more sophisticated customers, there is an increasing
    preference for solutions that utilize some level of dedicated
    resources, such as blended advanced recovery services and
    managed services. The primary reason for this trend is that
    adding dedicated resources, although more costly, provides
    greater control, reduces data loss and facilitates quicker
    responses to business interruptions. Advanced recovery services
    often result in greater use of dedicated resources with a modest
    decrease in operating margin rate. Managed services require
    significant dedicated resources and, therefore, have an
    appropriately lower operating margin rate.
Our
    brokerage operations are highly regulated and are riskier than
    our other businesses.
Organizations like the Securities and Exchange Commission,
    Financial Services Authority and Financial Industry Regulatory
    Authority can, among other things, fine, censure, issue
cease-and-desist
orders and suspend or expel a broker/dealer or any of its
    officers or employees for failures to comply with the many laws
    and regulations that govern brokerage operations. Our ability to
    comply with these laws and regulations is largely dependent on
    our establishment, maintenance and enforcement of an effective
    brokerage compliance program. Our failure to establish, maintain
    and enforce proper brokerage compliance procedures, even if
    unintentional, could subject us to significant losses, lead to
    disciplinary or other actions, and tarnish our reputation.
    Regulations affecting the brokerage industry, in particular with
    respect to active traders, may change, which could adversely
    affect our financial results.
We are exposed to certain risks relating to the execution and
    clearance services provided by our brokerage operations to
    retail customers, institutional clients (including hedge funds
    and other broker-dealers), and proprietary traders. These risks
    include, but are not limited to, customers failing to pay for
    securities commitments in the marketplace, trading errors, the
    inability or failure to settle trades, and trade execution or
    clearance systems failures. In our other businesses, we
    generally can disclaim liability for trading losses that may be
    caused by our software, but in our brokerage operations, we
    cannot limit our liability for trading losses even when we are
    not at fault. As a result we may suffer losses that are
    disproportionate to the relatively modest profit contributions
    of this business.
We
    could lose revenue due to "fiscal funding" or
    "termination for convenience" clauses in certain
    customer contracts, especially in our HE and PS
    businesses.
Certain of our customer contracts, particularly those with
    governments, institutions of higher education and school
    districts, may be partly or completely terminated by the
    customer due to budget cuts or sometimes for any reason at all.
    These types of clauses are often called "fiscal
    funding" or "termination for convenience"
    clauses. If a customer exercises one of these clauses, the
    customer would be obligated to pay for the services we performed
    up to the date of exercise, but would not have to pay for any
    further services. In addition, governments, institutions of
    higher education and school districts may require contract terms
    that differ from our standard terms. While we have not been
    materially affected by exercises of these clauses in the past or
    other unusual terms, we may be in the future. If customers that
    collectively represent a substantial portion of our revenue were
    to invoke the fiscal funding or termination for convenience
    clauses of their contracts, our future business and results of
    operations could be adversely affected.
If we
    fail to comply with government regulations in connection with
    our business or providing technology services to certain
    financial institutions, our business and results of operations
    may be adversely affected.
Because we act as a third-party service provider to financial
    institutions and provide mission-critical applications for many
    financial institutions that are regulated by one or more member
    agencies of the Federal Financial Institutions Examination
    Council ("FFIEC"), we are subject to examination by
    the member agencies
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of the FFIEC. More specifically, we are a Multi-Regional Data
    Processing Servicer of the FFIEC because we provide mission
    critical applications for financial institutions from several
    data centers located in different geographic regions. As a
    result, the FFIEC conducts periodic reviews of certain of our
    operations in order to identify existing or potential risks
    associated with our operations that could adversely affect the
    financial institutions to whom we provide services, evaluate our
    risk management systems and controls, and determine our
    compliance with applicable laws that affect the services we
    provide to financial institutions. In addition to examining
    areas such as our management of technology, data integrity,
    information confidentiality and service availability, the
    reviews also assess our financial stability. Our incurrence of
    significant debt in connection with the Transaction increases
    the risk of an FFIEC agency review determining that our
    financial stability has been weakened. A sufficiently
    unfavorable review from the FFIEC could result in our financial
    institution customers not being allowed to use our technology
    services, which could have a material adverse effect on our
    business and financial condition.
If we fail to comply with any regulations applicable to our
    business, we may be exposed to unexpected liability
and/or
governmental proceedings, our customers may leave, our
    reputation may be tarnished, and there could be a material
    adverse effect on our business and financial results. In
    addition, the future enactment of more restrictive laws or rules
    on the federal or state level, or, with respect to our
    international operations, in foreign jurisdictions on the
    national, provincial, state or other level, could have an
    adverse impact on business and financial results.
If we
    are unable to retain or attract customers, our business and
    financial results will be adversely affected.
If we are unable to keep existing customers satisfied, sell
    additional products and services to existing customers or
    attract new customers, then our business and financial results
    may suffer. A variety of factors could affect our ability to
    successfully retain and attract customers, including the level
    of demand for our products and services, the level of customer
    spending for information technology, the level of competition
    from customers that develop their own solutions internally and
    from other vendors, the quality of our customer service, our
    ability to update our products and develop new products and
    services needed by customers, and our ability to integrate and
    manage acquired businesses. Further, the markets in which we
    operate are highly competitive and we may not be able to compete
    effectively. Our services revenue, which has been largely
    recurring in nature, comes from the sale of our products and
    services under fixed-term contracts. We do not have a unilateral
    right to extend these contracts when they expire. Revenue from
    our broker/dealer businesses is not subject to minimum or
    ongoing contractual commitments on the part of brokerage
    customers. If customers cancel or refuse to renew their
    contracts, or if customers reduce the usage levels or asset
    values under their contracts, there could be a material adverse
    effect on our business and financial results.
If we
    fail to retain key employees, our business may be
    harmed.
Our success depends on the skill, experience and dedication of
    our employees. If we are unable to retain and attract
    sufficiently experienced and capable personnel, especially in
    product development, sales and management, our business and
    financial results may suffer. For example, if we are unable to
    retain and attract a sufficient number of skilled technical
    personnel, our ability to develop high quality products and
    provide high quality customer service may be impaired.
    Experienced and capable personnel in the technology industry
    remain in high demand, and there is continual competition for
    their talents. When talented employees leave, we may have
    difficulty replacing them, and our business may suffer. There
    can be no assurance that we will be able to successfully retain
    and attract the personnel that we need.
We are
    subject to the risks of doing business
    internationally.
A portion of our revenue is generated outside the United States,
    primarily from customers located in the United Kingdom and
    Continental Europe. Over the past few years we have expanded our
    operations in India and acquired businesses in China and
    Singapore in an effort to increase our presence throughout Asia
    Pacific. Because we sell our services outside the United States,
    our business is subject to risks associated with doing
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business internationally. Accordingly, our business and
    financial results could be adversely affected due to a variety
    of factors, including:
•
changes in a specific country's or region's political
    and cultural climate or economic condition;
•
unexpected changes in foreign laws and regulatory requirements;
•
difficulty of effective enforcement of contractual provisions in
    local jurisdictions;
•
inadequate intellectual property protection in foreign countries;
•
trade-protection measures, import or export licensing
    requirements such as Export Administration Regulations
    promulgated by the U.S. Department of Commerce and fines,
    penalties or suspension or revocation of export privileges;
•
the effects of applicable foreign tax law and potentially
    adverse law changes;
•
significant adverse changes in foreign currency exchange rates;
•
longer accounts receivable cycles;
•
managing a geographically dispersed workforce; and
•
difficulties associated with repatriating cash in a
    tax-efficient manner.
In foreign countries, particularly in those with developing
    economies, certain business practices may exist that are
    prohibited by laws and regulations applicable to us, such as the
    U.S. Foreign Corrupt Practices Act. Although our policies and
    procedures require compliance with these laws and are designed
    to facilitate compliance with these laws, our employees,
    contractors and agents may take actions in violation of
    applicable laws or our policies. Any such violation, even if
    prohibited by our policies, could have a material adverse effect
    on our business and reputation.
The
    private equity firms that acquired the Company
    ("Sponsors") control us and may have conflicts of
    interest with us.
Investment funds associated with or designated by the Sponsors
    indirectly own, through their ownership in the Parent Companies,
    a substantial portion of our capital stock. As a result, the
    Sponsors have control over our decisions to enter into any
    corporate transaction regardless of whether noteholders believe
    that any such transaction is in their own best interests. For
    example, the Sponsors could cause us to make acquisitions or pay
    dividends that increase the amount of indebtedness that is
    secured or that is senior to our senior subordinated notes or to
    sell assets.
Additionally, the Sponsors are in the business of making
    investments in companies and may from time to time acquire and
    hold interests in businesses that compete directly or indirectly
    with us. One or more of the Sponsors may also pursue acquisition
    opportunities that may be complementary to our business and, as
    a result, those acquisition opportunities may not be available
    to us. So long as investment funds associated with or designated
    by the Sponsors continue to indirectly own a significant amount
    of the outstanding shares of our common stock, even if such
    amount is less than 50%, the Sponsors will continue to be able
    to strongly influence or effectively control our decisions.
If we
    are unable to protect our proprietary technologies and defend
    infringement claims, we could lose one of our competitive
    advantages and our business could be adversely
    affected.
Our success depends in part on our ability to protect our
    proprietary products and services and to defend against
    infringement claims. If we are unable to do so, our business and
    financial results may suffer. To protect our proprietary
    technology, we rely upon a combination of copyright, patent,
    trademark and trade secret law, confidentiality restrictions in
    contracts with employees, customers and others, software
    security measures, and registered copyrights and patents.
    Despite our efforts to protect the proprietary technology,
    unauthorized persons may be able to copy, reverse engineer or
    otherwise use some of our technology. It also is possible that
    others will develop and market similar or better technology to
    compete with us. Furthermore, existing patent, copyright and
    trade secret laws may afford only limited protection, and the
    laws of certain countries do not protect proprietary technology
    as well as United States law. For these reasons, we may have
    difficulty protecting our proprietary technology against
    unauthorized copying or use. If any of these events happens,
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there could be a material adverse effect on the value of our
    proprietary technology and on our business and financial
    results. In addition, litigation may be necessary to protect our
    proprietary technology. This type of litigation is often costly
    and time-consuming, with no assurance of success.
The software industry is characterized by the existence of a
    large number of patents and copyrights and by frequent
    litigation based on allegations of infringement or other
    violations of intellectual property rights. Some of our
    competitors or other third parties may have been more aggressive
    than us in applying for or obtaining patent protection for
    innovative proprietary technologies both in the United States
    and internationally In addition, we use a limited amount of open
    source software in our products and may use more open source
    software in the future. Because open source software is
    developed by numerous independent parties over whom we exercise
    no supervision or control, allegations of infringement for using
    open source software are possible. Although we monitor our use
    and our suppliers' use of open source software to avoid
    subjecting our products to conditions we do not intend, the
    terms of many open source licenses have not been interpreted by
    United States or other courts, and there is a risk that these
    licenses could be construed in a manner that could impose
    unanticipated conditions or restrictions on our ability to
    commercialize our products.
As a result of all of these factors, there can be no assurance
    that in the future third parties will not assert infringement
    claims against us (as they have already done in the past) and
    preclude us from using a technology in our products or require
    us to enter into royalty and licensing arrangements on terms
    that are not favorable to us, or force us to engage in costly
    infringement litigation, which could result in us paying
    monetary damages or being forced to redesign our products to
    avoid infringement. Additionally, our licenses and service
    agreements with our customers generally provide that we will
    defend and indemnify them for claims against them relating to
    our alleged infringement of the intellectual property rights of
    third parties with respect to our products or services. We might
    have to defend or indemnify our customers to the extent they are
    subject to these types of claims. Any of these claims may be
    difficult and costly to defend and may lead to unfavorable
    judgments or settlements, which could have a material adverse
    effect on our reputation, business and financial results. For
    these reasons, we may find it difficult or costly to add or
    retain important features in our products and services.
Defects,
    design errors or security flaws in our products could harm our
    reputation and expose us to potential liability.
Most of our products are very complex software systems that are
    regularly updated. No matter how careful the design and
    development, complex software often contains errors and defects
    when first introduced and when major new updates or enhancements
    are released. If errors or defects are discovered in our current
    or future products, we may not be able to correct them in a
    timely manner, if at all. In our development of updates and
    enhancements to our products, we may make a major design error
    that makes the product operate incorrectly or less efficiently.
In addition, certain of our products include security features
    that are intended to protect the privacy and integrity of
    customer data. Despite these security features, our products and
    systems, and our customers' systems may be vulnerable to
    break-ins and similar problems caused by third parties, such as
    hackers bypassing firewalls and misappropriating confidential
    information. Such break-ins or other disruptions could
    jeopardize the security of information stored in and transmitted
    through our computer systems and those of our customers, subject
    us to liability and tarnish our reputation. We may need to
    expend significant capital resources in order to eliminate or
    work around errors, defects, design errors or security problems.
    Any one of these problems in our products may result in the loss
    of or a delay in market acceptance of our products, the
    diversion of development resources, a lower rate of license
    renewals or upgrades and damage to our reputation, and in turn
    may increase service and warranty costs.
A
    material weakness in our internal controls could have a material
    adverse affect on us.
Effective internal controls are necessary for us to provide
    reasonable assurance with respect to our financial reports and
    to effectively prevent fraud. If we cannot provide reasonable
    assurance with respect to our financial reports and effectively
    prevent fraud, our reputation and operating results could be
    harmed. Pursuant to the Sarbanes-Oxley Act of 2002, we are
    required to furnish a report by management on internal control
    over financial reporting, including management's assessment
    of the effectiveness of such control.
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Internal control over financial reporting may not prevent or
    detect misstatements because of its inherent limitations,
    including the possibility of human error, the circumvention or
    overriding of controls, or fraud. Further, the complexities of
    our quarter-and year-end closing processes increase the risk
    that a weakness in internal controls over financial reporting
    may go undetected. Therefore, even effective internal controls
    can provide only reasonable assurance with respect to the
    preparation and fair presentation of financial statements. In
    addition, projections of any evaluation of effectiveness of
    internal control over financial reporting to future periods are
    subject to the risk that the control may become inadequate
    because of changes in conditions, or that the degree of
    compliance with the policies or procedures may deteriorate. If
    we fail to maintain the adequacy of our internal controls,
    including any failure to implement required new or improved
    controls, or if we experience difficulties in their
    implementation, we could fail to meet our reporting obligations,
    and there could be a material adverse effect on our business and
    financial results.
Unanticipated changes in our tax provision or the adoption of
    new tax legislation could affect our profitability or cash
    flow.
We are subject to income taxes in the United States and many
    foreign jurisdictions. Significant judgment is required in
    determining our worldwide provision for income taxes. We
    regularly are under audit by tax authorities. Although we
    believe our tax provision is reasonable, the final determination
    of our tax liability could be materially different from our
    historical income tax provisions, which could have a material
    effect on our financial position, results of operations or cash
    flows. In addition, tax-law amendments in the U.S. and other
    jurisdictions could significantly impact how U.S. multinational
    corporations are taxed. Although we cannot predict whether or in
    what form such legislation will pass, if enacted it could have
    an adverse effect on our business and financial results.
Risks
    Relating to the Notes
We may
    not be able to generate sufficient cash to service all of our
    indebtedness, including the notes, and may be forced to take
    other actions to satisfy our obligations under our indebtedness,
    which may not be successful.
Our ability to make scheduled payments or to refinance our debt
    obligations depends on our financial and operating performance,
    which is subject to prevailing economic and competitive
    conditions and to certain financial, business and other factors
    beyond our control. We may not be able to maintain a level of
    cash flows from operating activities sufficient to permit us to
    pay the principal, premium, if any, and interest on our
    indebtedness. See "Management's Discussion and
    Analysis of Financial Condition and Results of
    Operations — Liquidity and Capital Resources."
If our cash flows and capital resources are insufficient to fund
    our debt service obligations, we may be forced to reduce or
    delay capital expenditures, seek additional capital or seek to
    restructure or refinance our indebtedness, including the notes.
    These alternative measures may not be successful and may not
    permit us to meet our scheduled debt service obligations. In the
    absence of such operating results and resources, we could face
    substantial liquidity problems and might be required to sell
    material assets or operations to attempt to meet our debt
    service and other obligations. The senior secured credit
    facilities and the indentures under which the notes are issued
    restrict our ability to use the proceeds from asset sales. We
    may not be able to consummate those asset sales to raise capital
    or sell assets at prices that we believe are fair and proceeds
    that we do receive may not be adequate to meet any debt service
    obligations then due. See "Description of Other
    Indebtedness — Senior Credit Facilities,"
    "Description of Senior Notes Due 2013",
    "Description of Senior Notes Due 2015" and
    "Description of Senior Subordinated Notes."
Your
    right to receive payments on each series of notes is effectively
    junior to those lenders who have a security interest in our
    assets.
Our obligations under the notes and our guarantors'
    obligations under their guarantees of the notes are unsecured,
    but our obligations under our senior secured credit facilities
    and senior secured notes and each guarantor's obligations
    under their respective guarantees of the senior secured credit
    facilities and senior secured notes are secured by a security
    interest in substantially all of our domestic tangible and, in
    the case of
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the senior secured credit facilities, intangible assets,
    including the stock of most of our wholly owned
    U.S. subsidiaries, and the assets and a portion of the
    stock of certain of our
non-U.S. subsidiaries.
If we are declared bankrupt or insolvent, or if we default under
    our senior secured credit agreement, the lenders could declare
    all of the funds borrowed thereunder, together with accrued
    interest, immediately due and payable. If we were unable to
    repay such indebtedness, the lenders could foreclose on the
    pledged assets to the exclusion of holders of the notes, even if
    an event of default exists under the indentures governing the
    notes offered hereby at such time. Furthermore, if the lenders
    foreclose and sell the pledged equity interests in any
    subsidiary guarantor under the notes, then that guarantor will
    be released from its guarantee of the notes automatically and
    immediately upon such sale. In any such event, because the notes
    will not be secured by any of our assets or the equity interests
    in subsidiary guarantors, it is possible that there would be no
    assets remaining from which your claims could be satisfied or,
    if any assets remained, they might be insufficient to satisfy
    your claims fully. See "Description of Other
    Indebtedness."
As of December 31, 2009, we had $4,967 million of
    senior secured indebtedness (which includes $250 million
    face amount of our senior secured notes that are recorded at
    $234 million), all of which was indebtedness under our
    senior secured credit facilities and senior secured notes and
    which does not include availability of $804 million under
    our revolving credit facility after giving effect to certain
    outstanding letters of credit. The indentures governing the
    notes offered hereby permit us and our restricted subsidiaries
    to incur substantial additional indebtedness in the future,
    including senior secured indebtedness.
Claims
    of noteholders will be structurally subordinate to claims of
    creditors of all of our
non-U.S.
subsidiaries and some of our U.S. subsidiaries because they will
    not guarantee the notes.
The notes will not be guaranteed by any of our
non-U.S. subsidiaries,
our less than wholly owned U.S. subsidiaries, our
    receivables subsidiaries or certain other
    U.S. subsidiaries. Accordingly, claims of holders of the
    notes will be structurally subordinate to the claims of
    creditors of these non-guarantor subsidiaries, including trade
    creditors. All obligations of our non-guarantor subsidiaries
    will have to be satisfied before any of the assets of such
    subsidiaries would be available for distribution, upon a
    liquidation or otherwise, to us or a guarantor of the notes.
Our non-guarantor subsidiaries accounted for approximately
    $2,182 million, or 40%, of our total revenue, and
    approximately $283 million, or 20%, of our total EBITDA, as
    of December 31, 2009, and approximately $4.09 billion,
    or 29%, of our total assets, and approximately
    $1.75 billion, or 15%, of our total liabilities, as of
    December 31, 2009.
Your
    right to receive payments on the senior subordinated notes will
    be junior to the rights of the lenders under our senior secured
    credit facilities and all of our other senior debt and any of
    our future senior indebtedness.
The senior subordinated notes will be general unsecured
    obligations that will be junior in right of payment to all of
    our existing and future senior indebtedness. As of
    December 31, 2009, we had approximately $7,067 million
    of senior indebtedness (including $250 million face amount
    of our senior secured notes that are recorded at
    $234 million). An additional $804 million is available
    to be drawn under our revolving credit facility after giving
    effect to certain outstanding letters of credit.
We may not pay principal, premium, if any, interest or other
    amounts on account of the senior subordinated notes in the event
    of a payment default or certain other defaults in respect of
    certain of our senior indebtedness, including debt under the
    senior secured credit facilities, unless the senior indebtedness
    has been paid in full or the default has been cured or waived.
    In addition, in the event of certain other defaults with respect
    to the senior indebtedness, we may not be permitted to pay any
    amount on account of the senior subordinated notes for a
    designated period of time.
Because of the subordination provisions in the senior
    subordinated notes, in the event of our bankruptcy, liquidation
    or dissolution, our assets will not be available to pay
    obligations under the senior subordinated notes until we have
    made all payments in cash on our senior indebtedness. We cannot
    assure you that sufficient assets will remain after all these
    payments have been made to make any payments on the senior
    subordinated notes, including payments of principal or interest
    when due.
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If we
    default on our obligations to pay our indebtedness, we may not
    be able to make payments on the notes.
Any default under the agreements governing our indebtedness,
    including a default under the senior secured credit agreement,
    that is not waived by the required lenders, and the remedies
    sought by the holders of such indebtedness, could prevent us
    from paying principal, premium, if any, and interest on the
    notes and substantially decrease the market value of the notes.
    If we are unable to generate sufficient cash flow and are
    otherwise unable to obtain funds necessary to meet required
    payments of principal, premium, if any, and interest on our
    indebtedness, or if we otherwise fail to comply with the various
    covenants, including financial and operating covenants, in the
    instruments governing our indebtedness (including covenants in
    our senior secured credit facilities and the indentures
    governing the notes offered hereby), we could be in default
    under the terms of the agreements governing such indebtedness,
    including our senior secured credit agreement and the indentures
    governing the notes offered hereby. In the event of such
    default, the holders of such indebtedness could elect to declare
    all the funds borrowed thereunder to be due and payable,
    together with accrued and unpaid interest, the lenders under our
    senior secured credit facilities could elect to terminate their
    commitments thereunder, cease making further loans and institute
    foreclosure proceedings against our assets, and we could be
    forced into bankruptcy or liquidation. If our operating
    performance declines, we may in the future need to obtain
    waivers from the required lenders under our senior secured
    credit facilities to avoid being in default. If we breach our
    covenants under our senior secured credit facilities and seek a
    waiver, we may not be able to obtain a waiver from the required
    lenders. If this occurs, we would be in default under our senior
    secured credit agreement, the lenders could exercise their
    rights, as described above, and we could be forced into
    bankruptcy or liquidation.
We may
    not be able to repurchase the notes upon a change of
    control.
Upon the occurrence of specific kinds of change of control
    events, we will be required to offer to repurchase all
    outstanding notes at 101% of their principal amount plus accrued
    and unpaid interest. The source of funds for any such purchase
    of the notes will be our available cash or cash generated from
    our subsidiaries' operations or other sources, including
    borrowings, sales of assets or sales of equity. We may not be
    able to repurchase the notes upon a change of control because we
    may not have sufficient financial resources to purchase all of
    the notes that are tendered upon a change of control. Further,
    we will be contractually restricted under the terms of our
    senior secured credit agreement from repurchasing all of the
    notes tendered by holders upon a change of control. Accordingly,
    we may not be able to satisfy our obligations to purchase the
    notes unless we are able to refinance or obtain waivers under
    our senior secured credit agreement. Our failure to repurchase
    the notes upon a change of control would cause a default under
    the indentures governing the notes offered hereby and a
    cross-default under the senior secured credit agreement. The
    senior secured credit agreement also provides that a change of
    control will be a default that permits lenders to accelerate the
    maturity of borrowings thereunder. Any of our future debt
    agreements may contain similar provisions.
The
    lenders under the senior secured credit facilities will have the
    discretion to release the guarantors under the senior secured
    credit agreement in a variety of circumstances, which will cause
    those guarantors to be released from their guarantees of the
    notes.
While any obligations under the senior secured credit facilities
    remain outstanding, any guarantee of the notes may be released
    without action by, or consent of, any holder of the notes or the
    trustee under the indentures governing the notes offered hereby,
    at the discretion of lenders under the senior secured credit
    facilities, if the related guarantor is no longer a guarantor of
    obligations under the senior secured credit facilities or any
    other indebtedness. See "Description of Senior Notes Due
    2013, Description of Senior Notes Due 2015" and
    "Description of Senior Subordinated Notes." The
    lenders under the senior secured credit facilities will have the
    discretion to release the guarantees under the senior secured
    credit facilities in a variety of circumstances. You will not
    have a claim as a creditor against any subsidiary that is no
    longer a guarantor of the notes, and the indebtedness and other
    liabilities, including trade payables, whether secured or
    unsecured, of those subsidiaries will effectively be senior to
    claims of noteholders.
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Federal
    and state fraudulent transfer laws may permit a court to void
    the notes and the related guarantees of the notes, and, if that
    occurs, you may not receive any payments on the
    notes.
Federal and state fraudulent transfer and conveyance statutes
    may apply to the issuance of the notes and the incurrence of the
    related guarantees. Under federal bankruptcy law and comparable
    provisions of state fraudulent transfer or conveyance laws,
    which may vary from state to state, the notes or related
    guarantees could be voided as a fraudulent transfer or
    conveyance if (1) we or any of the guarantors, as
    applicable, issued the notes or incurred the related guarantees
    with the intent of hindering, delaying or defrauding creditors
    or (2) we or any of the guarantors, as applicable, received
    less than reasonably equivalent value or fair consideration in
    return for either issuing the notes or incurring the related
    guarantees and, in the case of (2) only, one of the
    following is also true at the time thereof:
•
we or any of the guarantors, as applicable, were insolvent or
    rendered insolvent by reason of the issuance of the notes or the
    incurrence of the related guarantees;
•
the issuance of the notes or the incurrence of the related
    guarantees left us or any of the guarantors, as applicable, with
    an unreasonably small amount of capital to carry on the business;
•
we or any of the guarantors intended to, or believed that we or
    such guarantor would, incur debts beyond our or such
    guarantor's ability to pay as they mature; or
•
we or any of the guarantors was a defendant in an action for
    money damages, or had a judgment for money damages docketed
    against us or such guarantor if, in either case, after final
    judgment, the judgment is unsatisfied.
If a court were to find that the issuance of the notes or the
    incurrence of the related guarantees was a fraudulent transfer
    or conveyance, the court could void the payment obligations
    under the notes or such related guarantees or further
    subordinate the notes or such related guarantees to presently
    existing and future indebtedness of ours or of the related
    guarantor, or require the holders of the notes to repay any
    amounts received with respect to such related guarantees. In the
    event of a finding that a fraudulent transfer or conveyance
    occurred, you may not receive any repayment on the notes.
    Further, the voidance of the notes could result in an event of
    default with respect to our and our subsidiaries' other
    debt that could result in acceleration of such debt.
As a general matter, value is given for a transfer or an
    obligation if, in exchange for the transfer or obligation,
    property is transferred or an antecedent debt is secured or
    satisfied. A debtor will generally not be considered to have
    received value in connection with a debt offering if the debtor
    uses the proceeds of that offering to make a dividend payment or
    otherwise retire or redeem equity securities issued by the
    debtor.
We cannot be certain as to the standards a court would use to
    determine whether or not we or the guarantors were solvent at
    the relevant time or, regardless of the standard that a court
    uses, that the issuance of the related guarantees would not be
    further subordinated to our or any of our guarantors' other
    debt. Generally, however, an entity would be considered solvent
    if, at the time it incurred indebtedness:
•
the sum of its debts, including contingent liabilities, was
    greater than the fair saleable value of all its assets; or
•
the present fair saleable value of its assets was less than the
    amount that would be required to pay its probable liability on
    its existing debts, including contingent liabilities, as they
    become absolute and mature; or
•
it could not pay its debts as they become due.
Your
    ability to transfer the notes may be limited by the absence of
    an active trading market, and there is no assurance that any
    active trading market will develop for the notes.
We do not intend to apply for a listing of the notes on a
    securities exchange or on any automated dealer quotation system.
    There is currently no established market for the notes and we
    cannot assure you as to the liquidity of markets that may
    develop for the notes, your ability to sell the notes or the
    price at which you
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would be able to sell the notes. If such markets were to exist,
    the notes could trade at prices that may be lower than their
    principal amount or purchase price depending on many factors,
    including prevailing interest rates, the market for similar
    notes, our financial and operating performance and other
    factors. The initial purchasers have advised us that they
    currently intend to make a market with respect to the notes.
    However, these initial purchasers are not obligated to do so,
    and any market making with respect to the notes may be
    discontinued at any time without notice. Therefore, we cannot
    assure you that an active market for the notes will develop or,
    if developed, that it will continue. Historically, the market
    for non-investment grade debt has been subject to disruptions
    that have caused substantial volatility in the prices of
    securities similar to the notes. The market, if any, for the
    notes may experience similar disruptions and any such
    disruptions may adversely affect the prices at which you may
    sell your notes.
FORWARD-LOOKING
    STATEMENTS
This prospectus contains "forward-looking statements"
    within the meaning of the federal securities laws, which involve
    risks and uncertainties. You can identify forward-looking
    statements because they contain words such as
    "believes," "expects," "may,"
    "will," "should," "seeks,"
    "approximately," "intends,"
    "plans," "estimates," or
    "anticipates" or similar expressions that concern our
    strategy, plans or intentions. All statements we make relating
    to estimated and projected earnings, margins, costs,
    expenditures, cash flows, growth rates and financial results are
    forward-looking statements. In addition, we, through our senior
    management, from time to time make forward-looking public
    statements concerning our expected future operations and
    performance and other developments. All of these forward-looking
    statements are subject to risks and uncertainties that may
    change at any time, and, therefore, our actual results may
    differ materially from those we expected. We derive most of our
    forward-looking statements from our operating budgets and
    forecasts, which are based upon many detailed assumptions. While
    we believe that our assumptions are reasonable, we caution that
    it is very difficult to predict the impact of known factors,
    and, of course, it is impossible for us to anticipate all
    factors that could affect our actual results. Important factors
    that could cause actual results to differ materially from our
    expectations ("cautionary statements") are disclosed
    under "Risk Factors" and elsewhere in this prospectus,
    including, without limitation, in conjunction with the
    forward-looking statements included in this prospectus. All
    subsequent written and oral forward-looking statements
    attributable to us, or persons acting on our behalf, are
    expressly qualified in their entirety by the cautionary
    statements. Some of the factors that we believe could affect our
    results include:
•
our high degree of debt-related leverage
•
general economic and market conditions;
•
the condition of the financial services industry, including the
    effect of any further consolidation among financial services
    firms;
•
the integration of acquired businesses, the performance of
    acquired businesses and the prospects for future acquisitions;
•
the effect of war, terrorism, natural disasters or other
    catastrophic events;
•
the effect of disruptions to our systems and infrastructure;
•
the timing and magnitude of software sales;
•
the timing and scope of technological advances;
•
customers taking their information availability solutions
    in-house;
•
the trend in information availability toward solutions utilizing
    more dedicated resources;
•
the market and credit risks associated with clearing broker
    operations;
•
the ability to retain and attract customers and key personnel;
•
risks relating to the foreign countries where we transact
    business;
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•
the ability to obtain patent protection and avoid patent-related
    liabilities in the context of a rapidly developing legal
    framework for software and business-method patents;
•
a material weakness in our internal controls;
•
unanticipated changes in our tax provisions or the adoption of
    new tax legislation; and
•
the other factors set forth under "Risk Factors."
We caution you that the foregoing list of important factors may
    not contain all of the material factors that are important to
    you. In addition, in light of these risks and uncertainties, the
    matters referred to in the forward-looking statements contained
    in this prospectus may not in fact occur. We undertake no
    obligation to publicly update any written or oral
    forward-looking statements made by us or on our behalf as a
    result of new information, future events or otherwise, except as
    otherwise required by law.
USE OF
    PROCEEDS
This prospectus is delivered in connection with the sale of
    notes by Goldman, Sachs & Co. in market-making
    transactions. We will not receive any of the proceeds from such
    transactions.
CASH AND
    CAPITALIZATION
As of December 31,
2009
(Dollars in millions)
Cash and cash equivalents
$
664
Debt:
Senior secured credit facilities:
Revolving credit
    facility
(1)
$
—
Term loan
    facilities
(2)
4,717
Senior
    notes
(3)
2,100
Senior subordinated notes
1,000
Senior secured
    notes
(4)
250
Receivables
    facility
(5)
250
Other existing
    debt
(6)
19
Total debt
8,336
Equity
2,067
Total capitalization
$
10,403
(1)
Upon the closing of the Transaction, we entered into a
    $1,000 million senior secured revolving credit facility
    with a six-year maturity, $149 million of which was drawn
    on the closing date of the Transaction. On June 9, 2009, we
    amended the senior secured credit facilities to, among other
    things, change certain terms and covenants, reduce existing
    revolving credit commitments to $829 million from
    $1 billion, and extend a portion ($580 million) of the
    senior secured revolving credit facility to May 11, 2013.
(2)
Upon the closing of the Transaction, we entered into
    $4,000 million-equivalent of senior secured term loan
    facilities, comprised of a $3,685 million facility with
    SunGard as the borrower and $315 million-equivalent
    facilities with a newly formed U.K. subsidiary as the borrower,
    $165 million of which is denominated in euros and
    $150 million of which is denominated in pounds sterling,
    with a
seven-and-a-half-year
maturity. On February 28, 2007, we amended the senior
    secured credit facilities to, among other things, increase the
    amount of term loan borrowings of SunGard Data Systems Inc. by
    $400 million. Additional borrowings were used to redeem our
    outstanding floating rate notes. On September 29, 2008, we
    amended the senior secured credit facilities to, among other
    things, increase the amount of term loan borrowings of SunGard
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Table of Contents
Data Systems Inc. by $500 million. On June 9, 2009, we
    amended the senior secured credit facilities to, among other
    things, change certain terms and covenants and extend a portion
    of the senior secured term loan facility to February 16,
    2016.
(3)
The original issuance of the senior notes upon the closing of
    the Transaction included $400 million of floating rate
    notes. On March 26, 2007, we redeemed all outstanding
    floating rate notes in accordance with the indenture governing
    the senior notes with the proceeds of additional borrowings
    under the senior secured term loan facilities. On
    September 29, 2008 we issued at a $6 million discount,
    $500 million senior notes due 2015 and used the proceeds of
    that offering and borrowings under the $500 million
    incremental senior secured term facility to purchase GL Trade SA
    and to repay the senior secured notes due 2009 at maturity. As
    of December 31, 2009, the senior notes due 2015 are
    recorded at $495 million.
(4)
Consists of $250 million face amount of 4.875% senior
    notes due 2014. Upon consummation of the Transaction, the senior
    secured notes became secured on an equal and ratable basis with
    loans under the senior secured credit facilities to the extent
    required by the indenture governing the senior secured notes and
    are guaranteed by all our subsidiaries that guarantee the notes.
    The senior secured notes are recorded at $234 million as of
    December 31, 2009 as a result of fair value adjustments
    related to purchase accounting. The discount of $16 million
    on the senior secured notes will continue to be amortized into
    interest expense and added to the recorded amount over the
    remaining period up to their maturity date.
(5)
In March 2009 the Company entered into a syndicated receivables
    facility with an initial maximum commitment of
    $250 million. In May 2009 the size of the receivables
    facility was increased by $66.5 million.
(6)
Consists of payment obligations relating to historical
    acquisitions and capital lease obligations.
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Table of Contents
SELECTED
    HISTORICAL CONSOLIDATED FINANCIAL INFORMATION
The following table sets forth selected historical consolidated
    financial data of SunGard Data Systems Inc. as of the dates and
    for the periods indicated. The selected historical consolidated
    financial data as of December 31, 2008 and 2009 and for the
    years ended December 31, 2007, 2008 and 2009 have been
    derived from our audited consolidated financial statements and
    related notes appearing elsewhere in this prospectus. The
    selected historical consolidated financial data as of
    December 31, 2005, 2006 and 2007 and for the periods from
    January 1, 2005 through August 10, 2005 and
    August 11, 2005 through December 31, 2005 and for the
    year ended December 31, 2006 presented in this table have
    been derived from audited consolidated financial statements not
    included in this prospectus. The selected historical
    consolidated financial data set forth below should be read in
    conjunction with, and are qualified by reference to,
    "Management's Discussion and Analysis of Financial
    Condition and Results of Operations" and the consolidated
    financial statements and related notes thereto appearing
    elsewhere in this prospectus.
Predecessor
Successor
January 1
August 11
through
through
Year Ended
Year Ended
Year Ended
Year Ended
August 10,
December 31,
December 31,
December 31,
December 31,
December 31,
2005
2005
2006
2007
2008
2009
(Dollars in millions)
Statement of Operations Data:
Revenue
$
2,371
$
1,631
$
4,323
$
4,901
$
5,596
$
5,508
Operating costs and expenses:
Cost of sales and direct operating
1,119
741
1,980
2,268
2,744
2,709
Sales, marketing and administration
456
343
915
1,042
1,151
1,112
Product development
154
96
255
271
308
302
Depreciation and amortization
141
89
238
251
278
291
Amortization of acquisition-related intangible assets
84
147
399
438
515
540
Goodwill impairment charge and merger
    costs
(1)
121
18
4
—
130
1,130
Total operating costs and expenses
2,075
1,434
3,791
4,270
5,126
6,084
Income from operations
296
197
532
631
470
(576
)
Interest income
9
6
14
19
18
7
Interest expense
(17
)
(248
)
(656
)
(645
)
(599
)
(637
)
Other income
    (expense)
(2)
—
(17
)
(29
)
(68
)
(93
)
15
Income (loss) before income taxes
288
(62
)
(139
)
(63
)
(204
)
(1,191
)
Income tax (expense) benefit
(142
)
33
21
3
(38
)
73
Net income (loss)
$
146
$
(29
)
$
(118
)
$
(60
)
$
(242
)
$
(1,118
)
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Predecessor
Successor
January 1
August 11
through
through
Year Ended
Year Ended
Year Ended
Year Ended
August 10,
December 31,
December 31,
December 31,
December 31,
December 31,
2005
2005
2006
2007
2008
2009
(Dollars in millions)
Balance Sheet Data:
Cash and cash equivalents
$
317
$
316
$
427
$
975
$
664
Total assets
14,587
14,671
14,840
15,778
13,980
Total debt (including current portion of long-term debt)
7,429
7,439
7,485
8,875
8,315
Total stockholders' equity
3,572
3,574
3,556
3,063
2,067
Statement of Cash Flows Data:
Net cash provided by (used in):
Operating activities
$
571
$
705
$
491
$
701
$
385
$
639
Investing activities
(569
)
(11,800
)
(469
)
(564
)
(1,109
)
(333
)
Financing activities
329
10,406
(48
)
(32
)
1,303
(628
)
Other Financial Data:
EBITDA
(3)
$
521
$
416
$
1,140
$
1,252
$
1,298
$
1,396
Items included in EBITDA:
Merger
    costs
(1)
121
18
4
—
2
4
Capital expenditures,
    net
(4)
155
119
312
307
392
327
Ratio of earnings to fixed
    charges
(5)
6.2
x
—
—
—
—
—
(1)
During the period from January 1 through August 10, 2005,
    we recorded merger costs of $121 million, primarily
    $59 million of accounting, investment banking, legal and
    other costs associated with the Transaction and a non-cash
    charge for stock compensation of approximately $59 million
    resulting from the acceleration of stock options and restricted
    stock. During the period from August 11 through
    December 31, 2005, we recorded merger costs of
    $18 million consisting primarily of payroll taxes and
    certain compensation expenses related to the Transaction. During
    2008, we recorded $128 million of goodwill impairment in
    the PS segment, and $2 million of merger costs. During
    2009, we recorded $1,126 million of goodwill impairment in
    the AS segment and $4 million of merger costs.
(2)
During the period from August 11 through December 31, 2005,
    we recorded $17 million related to the loss on sale of the
    receivables and discount on retained interests in connection
    with the accounts receivable securitization program. During
    2006, we recorded $29 million related to the loss on sale
    of the receivables and discount on retained interests in
    connection with the accounts receivable securitization program.
    During 2007, we recorded $29 million related to the loss on
    sale of the receivables and discount on retained interests in
    connection with the accounts receivable securitization program
    and $28 million associated with the early retirement of the
    $400 million of senior floating rate notes due 2013, of
    which $19 million represented the retirement premium paid
    to the noteholders. During 2008, we recorded $46 million in
    foreign exchange losses relating to our Euro denominated term
    loan, $25 million related to the loss on sale of the
    receivables and discount on retained interests in connection
    with the accounts receivable securitization program,
    $10 million related to hedge settlements associated with
    the GL TRADE acquisition and $7 million related to unused
    alternative financing commitments for the GL TRADE acquisition.
    During 2009, we recorded $14 million in foreign currency
    translation gains related to our Euro denominated term loan.
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Table of Contents
(3)
EBITDA is calculated as follows:
Predecessor
Successor
January 1
August 11
through
through
Year Ended
August 10,
December 31,
December 31,
2005
2005
2006
2007
2008
2009
(Dollars in millions)
Net income
$
146
$
(29
)
$
(118
)
$
(60
)
$
(242
)
$
(1,118
)
Interest expense, net
8
242
642
626
581
630
Taxes
142
(33
)
(21
)
(3
)
38
(73
)
Depreciation and amortization
225
236
637
689
793
831
Goodwill impairment charge
—
—
—
—
128
1,126
EBITDA
$
521
$
416
$
1,140
$
1,252
$
1,298
$
1,396
EBITDA, a measure used by management to measure operating
    performance, is defined as net income plus interest, taxes,
    depreciation and amortization and goodwill impairment. EBITDA is
    not a recognized term under GAAP and does not purport to be an
    alternative to net income as a measure of operating performance
    or to cash flows from operating activities as a measure of
    liquidity. Additionally, EBITDA is not intended to be a measure
    of free cash flow available for management's discretionary
    use, as it does not consider certain cash requirements such as
    interest payments, tax payments and debt service requirements.
    Management believes EBITDA is helpful in highlighting trends
    because EBITDA can differ significantly from company to company
    depending on long-term strategic decisions regarding capital
    structure, the tax jurisdictions in which companies operate and
    capital investments. In addition, EBITDA provides more
    comparability between the historical results of SunGard and
    results that reflect purchase accounting and the new capital
    structure. Management compensates for the limitations of using
    non-GAAP financial measures by using them to supplement GAAP
    results to provide a more complete understanding of the factors
    and trends affecting the business than GAAP results alone.
    Because not all companies use identical calculations, these
    presentations of EBITDA may not be comparable to other similarly
    titled measures of other companies.
(4)
Capital expenditures represent net cash paid for property and
    equipment as well as software and other assets.
(5)
For purposes of calculating the ratio of earnings to fixed
    charges, earnings consist of income before income taxes plus
    fixed charges. Fixed charges include: interest expense, whether
    expensed or capitalized; amortization of debt issuance cost; and
    the portion of rental expense representative of the interest
    factor. Earnings for the period August 11 to December 31,
    2005 and for the years ended 2006, 2007, 2008 and 2009 were
    inadequate to cover fixed charges by $62 million,
    $139 million, $63 million, $204 million, and
    $1,191 million, respectively.
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Table of Contents
MANAGEMENT'S
    DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS
Overview
We are one of the world's leading software and technology
    services companies. We provide software and processing solutions
    to institutions throughout the financial services industry,
    higher education, and the public sector; and we help enterprises
    of all types maintain the continuity of their business through
    information availability services. We support more than 25,000
    customers in over 70 countries. We operate our business in four
    segments: Financial Systems ("FS"), Higher Education
    ("HE"), Public Sector ("PS") and
    Availability Services ("AS"). Our FS segment primarily
    serves financial services companies, corporate and government
    treasury departments and energy companies. Our HE segment
    primarily serves higher education institutions. Our PS segment
    primarily serves state and local governments and
not-for-profit
organizations. Our AS segment serves IT-dependent companies
    across virtually all industries.
SunGard Data Systems Inc. ("SunGard") was acquired on
    August 11, 2005 in a leveraged buy-out by a consortium of
    private equity investment funds associated with Bain Capital
    Partners, The Blackstone Group, Goldman Sachs & Co.,
    Kohlberg Kravis Roberts & Co., Providence Equity
    Partners, Silver Lake and TPG (the "Transaction").
SunGard is a wholly owned subsidiary of SunGard Holdco LLC,
    which is wholly owned by SunGard Holding Corp., which is wholly
    owned by SunGard Capital Corp. II, ("SCCII") which is
    a subsidiary of SunGard Capital Corp. ("SCC"). SCCII
    and SCC are collectively referred to as the "Parent
    Companies." All four of these companies were formed for the
    purpose of facilitating the Transaction and are collectively
    referred to as the "Holding Companies."
In FS, we primarily serve financial services companies through a
    broad range of complementary software solutions that process
    their investment and trading transactions. The principal purpose
    of most of these systems is to automate the business processes
    associated with trading securities, managing portfolios and
    accounting for investment assets.
In HE, we primarily provide software, strategic and systems
    integration consulting, and technology management services to
    higher education organizations around the world, including
    colleges, universities, campuses, foundations and state systems.
    HE solutions include administration, advancement, IT management,
    performance management, enrollment management, academic
    performance and strategic planning.
In PS, we primarily provide software and processing solutions
    designed to meet the specialized needs of central, federal,
    state and local governments, public safety and justice agencies,
    public schools, utilities, non-profits, and other public sector
    institutions. Our PS solutions support a range of specialized
    enterprise resource planning and administrative solutions.
In AS, we help our customers maintain access to the information
    and computer systems they need to run their businesses by
    providing them with cost-effective resources to keep their
    mission-critical IT systems reliable and secure. We offer a
    complete range of availability services, including recovery
    services, managed services, consulting services and business
    continuity management software.
Global
    Economic Conditions
Current instability in the worldwide financial markets,
    including volatility in and disruption of the credit markets,
    has resulted in uncertain economic conditions. Late in 2008, a
    global financial crisis triggered unprecedented market
    volatility and depressed economic growth. In 2009, the markets
    began to slowly stabilize as the year progressed, but have not
    returned to pre-crisis levels.
Our results of operations typically trail current economic
    activity, largely due to the multi-year contracts that generate
    the majority of our revenue. We participate in financial
    services, higher education and public sector markets and, in our
    availability services business, across a broad cross-section of
    industries. We also participate in most major geographic markets
    around the world. Each of these markets, to varying degrees, has
34
Table of Contents
experienced some disruption. The results in 2009 reflect the
    impact of these challenging economic conditions. In response, we
    have right-sized our expense base in line with expected revenue
    opportunities but have continued to invest in capital spending,
    product development and to opportunistically acquire technology
    through acquisitions.
The following discussion includes historical and certain
    forward-looking information that should be read together with
    the accompanying Consolidated Financial Statements and related
    footnotes and the discussion above of certain risks and
    uncertainties (see "Risk Factors") that could cause
    future operating results to differ materially from historical
    results or the expected results indicated by forward-looking
    statements.
Use of
    Estimates and Critical Accounting Policies
The preparation of financial statements in conformity with
    accounting principles generally accepted in the United States of
    America requires us to make many estimates and judgments that
    affect the reported amounts of assets, liabilities, revenue and
    expenses. Those estimates and judgments are based on historical
    experience, future expectations and other factors and
    assumptions we believe to be reasonable under the circumstances.
    We review our estimates and judgments on an ongoing basis and
    revise them when necessary. Actual results may differ from the
    original or revised estimates. A summary of our significant
    accounting policies is contained in Note 1 of Notes to
    Consolidated Financial Statements. A description of the most
    critical policies and those areas where estimates have a
    relatively greater effect in the financial statements follows.
    Our management has discussed the critical accounting policies
    described below with our audit committee.
Intangible
    Assets and Purchase Accounting
Purchase accounting requires that all assets and liabilities be
    recorded at fair value on the acquisition date, including
    identifiable intangible assets separate from goodwill.
    Identifiable intangible assets include customer base (which
    includes customer contracts and relationships), software and
    trade name. Goodwill represents the excess of cost over the fair
    value of net assets acquired.
The estimated fair values and useful lives of identifiable
    intangible assets are based on many factors, including estimates
    and assumptions of future operating performance and cash flows
    of the acquired business, the nature of the business acquired,
    the specific characteristics of the identified intangible
    assets, and our historical experience and that of the acquired
    business. The estimates and assumptions used to determine the
    fair values and useful lives of identified intangible assets
    could change due to numerous factors, including product demand,
    market conditions, technological developments, economic
    conditions and competition. In connection with our determination
    of fair values for the Transaction and for other significant
    acquisitions, we engage independent appraisal firms to assist us
    with the valuation of intangible (and certain tangible) assets
    acquired and certain assumed obligations.
We periodically review carrying values and useful lives of
    long-lived assets for impairment whenever events or changes in
    circumstances indicate that the carrying value of the asset may
    not be recoverable. Factors that could indicate an impairment
    include significant underperformance of the asset as compared to
    historical or projected future operating results, or significant
    negative industry or economic trends. When we determine that the
    carrying value of a group of assets may not be recoverable, the
    related estimated future undiscounted cash flows expected to
    result from the use and eventual disposition of the asset group
    are compared to the carrying value of the asset group. If the
    sum of the estimated future undiscounted cash flows is less than
    the carrying amount, we record an impairment charge based on the
    difference between the carrying value of the asset group and its
    fair value, which we estimate based on discounted expected
    future cash flows. In determining whether an asset group is
    impaired, we make assumptions regarding recoverability of costs,
    estimated future cash flows from the assets, intended use of the
    assets and other relevant factors. If these estimates or their
    related assumptions change, we may be required to record
    impairment charges for these assets.
We are required to perform a goodwill impairment test, a
    two-step test, annually and more frequently when negative
    conditions or a triggering event arise. We complete our annual
    goodwill impairment test as of July 1. In step one, the
    estimated fair value of each reporting unit is compared to its
    carrying value. If there is
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Table of Contents
a deficiency (the estimated fair value is less than the carrying
    value), a step two test is required. In step two, the amount of
    any goodwill impairment is calculated by comparing the implied
    fair value of the reporting unit's goodwill to the carrying
    value of goodwill, with the resulting impairment reflected in
    operations. The implied fair value is determined in the same
    manner as the amount of goodwill recognized in a business
    combination.
Estimating the fair value of a reporting unit requires various
    assumptions including the use of projections of future cash
    flows and discount rates that reflect the risks associated with
    achieving those cash flows. The assumptions about future cash
    flows and growth rates are based on management's assessment
    of a number of factors including the reporting unit's
    recent performance against budget as well as performance in the
    market that the reporting unit serves. Discount rate assumptions
    are based on an assessment of the risk inherent in those future
    cash flows. Changes to the underlying businesses could affect
    the future cash flows, which in turn could affect the fair value
    of the reporting unit.
Based on an evaluation of 2009 year-end results and a reduction
    in the revenue growth outlook for the AS business, we concluded
    that AS had experienced a triggering event in its North American
    reporting unit (AS NA), one of two reporting units identified in
    the July 1 annual impairment test where the excess of the
    estimated fair value over the carrying value was less than 10%.
    None of our other reporting units experienced a triggering
    event. We first evaluated AS NA's long-lived assets,
    primarily the customer base and property and equipment, for
    impairment. In performing the impairment tests for the
    long-lived assets, we estimated the undiscounted cash flows over
    the remaining useful lives of the customer base and compared the
    results to the carrying value of the asset groups. There was no
    impairment of the long-lived assets.
Next, in performing the goodwill impairment test, we estimated
    the fair value of AS NA by a combination of (i) estimation
    of the discounted cash flows based on projected earnings in the
    future using a discount factor that reflects the risk inherent
    in the projected cash flows (the income approach) and
    (ii) analysis of comparable companies' market
    multiples (the market approach). The projected cash flows of the
    business were lower, based on our evaluation of year-end results
    and lower growth rates, than those used in the July 1 impairment
    test. The projections reflect estimated growth rates in the
    recovery and managed services businesses within AS NA, the
    impact of continued investment in products, cost savings
    initiatives and capital spending assumptions associated with the
    growth in these businesses. We used the same risk-adjusted
    discount rate in the December 31 test as was used in the July 1
    test. As a result, we determined that the carrying value of AS
    NA was in excess of its fair value. In completing the step 2
    test to determine the implied fair value of AS NA's
    goodwill and therefore the amount of impairment, we first
    determined the fair value of the tangible and intangible assets
    and liabilities with the assistance of an external valuation
    firm. Based on the testing performed, we determined that the
    carrying value of AS NA's goodwill exceeded its implied
    fair value by $1.13 billion and recorded a goodwill
    impairment charge for this amount. Our total remaining goodwill
    balance at December 31, 2009 is $6.18 billion.
After consideration of the AS NA impairment, we have two
    reporting units, including AS NA, whose goodwill balances total
    $1.13 billion at December 31, 2009, where the excess
    of the estimated fair value over the carrying value of the
    reporting unit was less than 10%. A one percentage point
    decrease in the perpetual growth rate or a one percentage point
    increase in the discount rate would cause these two reporting
    units to fail the step one test and require a step two analysis,
    and some or all of this goodwill could be impaired.
As a result of the change in the economic environment in the
    second half of 2008 and completion of the annual budgeting
    process, we completed an assessment of the recoverability of our
    goodwill in December 2008. In completing this review, we
    considered a number of factors, including a comparison of the
    budgeted revenue and profitability for 2009 to that included in
    the annual impairment test conducted as of July 1, 2008,
    and the amount by which the fair value of each reporting unit
    exceeded its carrying value in the 2008 impairment analysis, as
    well as qualitative factors such as the overall economy's
    effect on each reporting unit. Based on that review, we
    concluded that the entire enterprise did not experience a
    triggering event that would require an impairment analysis of
    all of our reporting units, but that some reporting units
    required further impairment analysis. Based on this further
    analysis, we concluded that the decline in expected future cash
    flows in one of our PS reporting units was sufficient to result
    in an impairment of goodwill of $128 million.
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Table of Contents
Revenue
    Recognition
We generate services revenue from availability services,
    processing services, software maintenance and rentals,
    professional services and broker/dealer fees. All services
    revenue is recorded as the services are provided based on the
    fair value of each element. Fair value is determined based on
    the sales price of each element when sold separately. Most AS
    services revenue consists of fixed monthly fees based upon the
    specific computer configuration or business process for which
    the service is being provided, and the related costs are
    incurred ratably over the contract period. When recovering from
    an interruption, customers generally are contractually obligated
    to pay additional fees, which typically cover our incremental
    costs of supporting customers during recoveries. FS services
    revenue includes monthly fees, which may include a fixed minimum
    fee
and/or
variable fees based on a measure of volume or activity, such as
    the number of accounts, trades or transactions, users or the
    number of hours of service.
For fixed-fee professional services contracts, services revenue
    is recorded based upon proportional performance measured by the
    actual number of hours incurred divided by the total estimated
    number of hours for the project. When contracts include both
    professional services and software and require a significant
    amount of program modification or customization, installation,
    systems integration or related services, the professional
    services and license revenue is recorded based upon the
    estimated percentage of completion, measured in the manner
    described above. Changes in the estimated costs or hours to
    complete the contract and losses, if any, are reflected in the
    period during which the change or loss becomes known.
License fees result from contracts that permit the customer to
    use our software products at its site. Generally, these
    contracts are multiple-element arrangements since they usually
    provide for professional services and ongoing software
    maintenance. In these instances, license fees are recognized
    upon the signing of the contract and delivery of the software if
    the license fee is fixed or determinable, collection is
    probable, and there is sufficient vendor specific evidence of
    the fair value of each undelivered element. Revenue is recorded
    when billed when customer payments are extended beyond normal
    billing terms, or when there is significant acceptance,
    technology or service risk. Revenue also is recorded over the
    longest service period in those instances where the software is
    bundled together with post-delivery services, and there is not
    sufficient evidence of the fair value of each undelivered
    service element.
We believe that our revenue recognition practices comply with
    the complex and evolving rules governing revenue recognition.
    Future interpretations of existing accounting standards, new
    standards or changes in our business practices could result in
    changes in our revenue recognition accounting policies that
    could have a material effect on our financial results.
Accounting
    for Income Taxes
The objectives of accounting for income taxes are to recognize
    the amount of taxes payable or refundable for the current year
    and deferred tax liabilities and assets for the future tax
    consequences of events that have been recognized in an
    entity's financial statements or tax returns. Valuation
    allowances are recorded to reduce deferred tax assets when it is
    more likely than not that a tax benefit will not be realized.
    Deferred tax assets for which no valuation allowance is recorded
    may not be realized upon changes in facts and circumstances. Tax
    benefits related to uncertain tax positions taken or expected to
    be taken on a tax return are recorded when such benefits meet a
    more likely than not threshold. Otherwise, these tax benefits
    are recorded when a tax position has been effectively settled,
    which means that the appropriate taxing authority has completed
    their examination even though the statute of limitations remains
    open, or the statute of limitation expires. Considerable
    judgment is required in assessing and estimating these amounts
    and differences between the actual outcome of these future tax
    consequences and our estimates could have a material effect on
    our financial results.
Accounting
    for Stock-Based Compensation
Stock-based compensation cost is measured at the grant date
    based on the fair value of the award and is recognized as
    expense over the appropriate service period. Determining the
    fair value of stock-based awards requires considerable judgment,
    including estimating the expected term of stock options,
    expected volatility of
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Table of Contents
our stock price, and the number of awards expected to be
    forfeited. In addition, for stock-based awards where vesting is
    dependent upon achieving certain operating performance goals, we
    estimate the likelihood of achieving the performance goals.
    Differences between actual results and these estimates could
    have a material effect on our financial results. A deferred
    income tax asset is recorded over the vesting period as stock
    compensation expense is recorded. Our ability to use the
    deferred tax asset is ultimately based on the actual value of
    the stock-based award upon exercise or release of the restricted
    stock unit. If the actual value is lower than the fair value
    determined on the date of grant, then there could be an income
    tax expense for the portion of the deferred tax asset that
    cannot be used, which could have a material effect on our
    financial results.
Results
    of Operations
We evaluate performance of our segments based on operating
    results before interest, income taxes, goodwill impairment
    charges, amortization of acquisition-related intangible assets,
    stock compensation and certain other costs (see Note 10 of
    Notes to Consolidated Financial Statements for the fiscal year
    ended December 31, 2009 included elsewhere herein).
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Table of Contents
Fiscal
    Years Ended December 31, 2007, 2008 and 2009
The following table sets forth, for the periods indicated,
    certain amounts included in our Consolidated Statements of
    Operations and the relative percentage that those amounts
    represent to consolidated revenue (unless otherwise indicated).
Percent
Percent
Increase
Increase
2007
2008
(Decrease)
2009
(Decrease)
% of
% of
2008 vs.
% of
2009 vs.
Revenue
Revenue
2007
Revenue
2008
(In millions)
Revenue
Financial systems (FS)
$
2,500
51
%
$
3,078
55
%
23
%
$
3,068
56
%
—
%
Higher education (HE)
543
11
%
540
10
%
(1
)%
526
10
%
(3
)%
Public sector systems (PS)
410
8
%
411
7
%
—
%
397
7
%
(3
)%
Software & processing solutions
3,453
70
%
4,029
72
%
17
%
3,991
72
%
(1
)%
Availability services (AS)
1,448
30
%
1,567
28
%
8
%
1,517
28
%
(3
)%
$
4,901
100
%
$
5,596
100
%
14
%
$
5,508
100
%
(2
)%
Costs and Expenses
Cost of sales and direct operating
$
2,268
46
%
$
2,744
49
%
21
%
$
2,709
49
%
(1
)%
Sales, marketing and administration
1,042
21
%
1,151
21
%
10
%
1,112
20
%
(3
)%
Product development
271
6
%
308
6
%
14
%
302
5
%
(2
)%
Depreciation and amortization
251
5
%
278
5
%
11
%
291
5
%
5
%
Amortization of acquisition- related intangible assets
438
9
%
515
9
%
18
%
540
10
%
5
%
Goodwill impairment charge and merger costs
—
—
%
130
2
%
—
%
1,130
21
%
769
%
$
4,270
87
%
$
5,126
92
%
20
%
$
6,084
110
%
19
%
Income from operations
Financial
    systems
(1)
$
525
21
%
$
608
20
%
16
%
$
618
20
%
2
%
Higher
    education
(1)
143
26
%
130
24
%
(9
)%
138
26
%
6
%
Public sector
    systems
(1)
84
20
%
79
19
%
(6
)%
77
19
%
(3
)%
Software & processing
    solutions
(1)
752
22
%
817
20
%
9
%
833
21
%
2
%
Availability
    services
(1)
428
30
%
443
28
%
4
%
380
25
%
(14
)%
Corporate administration
(55
)
(1
)%
(51
)
(1
)%
7
%
(57
)
(1
)%
(12
)%
Amortization of acquisition- related intangible assets
(438
)
(9
)%
(515
)
(9
)%
(18
)%
(540
)
(10
)%
(5
)%
Goodwill impairment charge
—
—
%
(128
)
(2
)%
—
%
(1,126
)
(20
)%
(780
)%
Stock Compensation expense
(32
)
(1
)%
(35
)
(1
)%
(9
)%
(33
)
(1
)%
6
%
Merger costs and other
    items
(2)
(24
)
—
%
(61
)
(1
)%
(154
)%
(33
)
(1
)%
46
%
Income from operations
$
631
13
%
$
470
8
%
(26
)%
$
(576
)
(10
)%
(223
)%
(1)
Percent of revenue is calculated as a percent of revenue from
    FS, HE, PS, Software & Processing Solutions, and AS,
    respectively.
(2)
Merger costs and other items include merger costs, management
    fees paid to the Sponsors, purchase accounting adjustments,
    including in 2008 certain acquisition-related compensation
    expense, and, in 2007, an unfavorable arbitration award related
    to a customer dispute, partially offset in each year by
    capitalized software development costs.
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Table of Contents
The following table sets forth, for the periods indicated,
    certain supplemental revenue data and the relative percentage
    that those amounts represent to total revenue.
Percent
Percent
Increase
Increase
2007
2008
(Decrease)
2009
(Decrease)
% of
% of
2008 vs.
% of
2009 vs.
Revenue
Revenue
2007
Revenue
2008
(In millions)
Financial Systems
Services
$
2,155
44
%
$
2,737
49
%
27
%
$
2,737
50
%
—
%
License and resale fees
232
5
%
229
4
%
(1
)%
197
4
%
(14
)%
Total products and services
2,387
49
%
2,966
53
%
24
%
2,934
53
%
(1
)%
Reimbursed expenses
113
2
%
112
2
%
(1
)%
134
2
%
20
%
$
2,500
51
%
$
3,078
55
%
23
%
$
3,068
56
%
—
%
Higher Education
Services
$
435
9
%
$
453
8
%
4
%
$
439
8
%
(3
)%
License and resale fees
98
2
%
77
1
%
(21
)%
79
1
%
3
%
Total products and services
533
11
%
530
9
%
(1
)%
518
9
%
(2
)%
Reimbursed expenses
10
—
%
10
—
%
—
%
8
—
%
(20
)%
$
543
11
%
$
540
10
%
(1
)%
$
526
10
%
(3
)%
Public Sector Systems
Services
$
348
7
%
$
349
6
%
—
%
$
289
5
%
(17
)%
License and resale fees
58
1
%
57
1
%
(2
)%
104
2
%
82
%
Total products and services
406
8
%
406
7
%
—
%
393
7
%
(3
)%
Reimbursed expenses
4
—
%
5
—
%
25
%
4
—
%
(20
)%
$
410
8
%
$
411
7
%
—
%
$
397
7
%
(3
)%
Software & Processing Solutions
Services
$
2,938
60
%
$
3,539
63
%
20
%
$
3,465
63
%
(2
)%
License and resale fees
388
8
%
363
6
%
(6
)%
380
7
%
5
%
Total products and services
3,326
68
%
3,902
70
%
17
%
3,845
70
%
(1
)%
Reimbursed expenses
127
3
%
127
2
%
—
%
146
3
%
15
%
$
3,453
70
%
$
4,029
72
%
17
%
$
3,991
72
%
(1
)%
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Percent
Percent
Increase
Increase
2007
2008
(Decrease)
2009
(Decrease)
% of
% of
2008 vs.
% of
2009 vs.
Revenue
Revenue
2007
Revenue
2008
(In millions)
Availability Services
Services
$
1,426
29
%
$
1,544
28
%
8
%
$
1,496
27
%
(3
)%
License and resale fees
8
—
%
6
—
%
(25
)%
4
—
%
(33
)%
Total products and services
1,434
29
%
1,550
28
%
8
%
1,500
27
%
(3
)%
Reimbursed expenses
14
—
%
17
—
%
21
%
17
—
%
—
%
$
1,448
30
%
$
1,567
28
%
8
%
$
1,517
28
%
(3
)%
Total Revenue
Services
$
4,364
89
%
$
5,083
91
%
16
%
$
4,961
90
%
(2
)%
License and resale fees
396
8
%
369
7
%
(7
)%
384
7
%
4
%
Total products and services
4,760
97
%
5,452
97
%
15
%
5,345
97
%
(2
)%
Reimbursed expenses
141
3
%
144
3
%
2
%
163
3
%
13
%
$
4,901
100
%
$
5,596
100
%
14
%
$
5,508
100
%
(2
)%
Year
    Ended December 31, 2009 Compared to Year Ended
    December 31, 2008
Income
    from Operations:
Our total operating margin was -10% in 2009 and 8% in 2008 which
    included $1.13 billion and $128 million of goodwill
    impairment charges in AS in 2009 and PS in 2008, respectively.
    In addition to the increase in the goodwill impairment charges,
    the operating margin was also impacted by the decline in AS, a
    $33 million decrease in license fees and a $25 million
    increase in amortization of acquisition-related intangible
    assets, partially offset by margin improvement in our software
    and processing businesses primarily due to cost savings.
Financial
    Systems:
The FS operating margin was unchanged at 20% in each of 2009 and
    2008. Margin improvement from cost savings initiatives,
    primarily in employee-related and consultant costs, was offset
    by a $30 million decrease in software license revenue and
    the reduced contribution from one of our trading systems
    businesses, a broker/dealer which has an inherently lower margin
    than our other FS businesses. The impact of this broker/ dealer
    on FS operating margin is a decline of almost one margin point.
The most important factors affecting the FS operating margin are:
•
the level of trading volumes,
•
the level of IT spending and its impact on the overall demand
    for professional services and software license sales,
•
the rate and value of contract renewals, new contract signings
    and contract terminations,
•
the overall condition of the financial services industry and the
    effect of any further consolidation among financial services
    firms, and
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Table of Contents
•
the operating margins of recently acquired businesses, which
    tend to be lower at the outset and improve over a number of
    years.
Higher
    Education:
The HE operating margin was 26% in 2009 compared to 24% in 2008.
    The operating margin increase is due to the impact of cost
    savings during the year, primarily in employee-related and
    consultant costs and professional services expenses.
The most important factors affecting the HE operating margin
    are:
•
the rate and value of contract renewals, new contract signings
    and contract terminations,
•
the level of government funding and endowments, and
•
the level of IT spending and its impact on the overall demand
    for professional services and software license sales.
Public
    Sector:
The PS operating margin was 19% in each of 2009 and 2008. The
    $2 million decrease is due primarily to a decrease in
    software license fees.
The most important factors affecting the PS operating margin are:
•
the rate and value of contract renewals, new contract signings
    and contract terminations,
•
the level of government and school district funding, and
•
the level of IT spending and its impact on the overall demand
    for professional services and software license sales.
Availability
    Services:
The AS operating margin, excluding the goodwill impairment
    charge, was 25% in 2009 compared to 28% in 2008, primarily due
    to facility expansions, mostly in Europe, which increased the
    fixed cost base in advance of anticipated revenue growth,
    increases in employee-related costs, mostly in North America,
    increased depreciation and amortization, and the impact of a
    change in the mix of revenue from recovery services which
    typically use shared resources to managed services which use
    dedicated resources.
The most important factors affecting the AS operating margin
    are:
•
the rate and value of contract renewals, new contract signings
    and contract terminations,
•
the timing and magnitude of equipment and facilities
    expenditures,
•
the level and success of new product development, and
•
the trend toward availability solutions utilizing more dedicated
    resources.
The margin rate of the AS European business is lower than the
    margin rate of the North American business due primarily to
    lower economies of scale in the distinct geographic markets
    served. However, the differential in the margins has narrowed
    over the past several years because of operational improvements
    in Europe and the growing proportion of managed services in
    North America.
Revenue:
Total revenue was $5.51 billion in 2009 compared to
    $5.60 billion in 2008. Included in 2009 was the full year
    impact from the acquisitions made in 2008 including the October
    2008 acquisition of GL TRADE S.A. Organic revenue declined 3%
    primarily due to a decrease in professional services revenue in
    FS and HE. Organic revenue is defined as revenue from businesses
    owned for at least one year and adjusted for both the effects of
    businesses sold in the previous twelve months and the impact of
    currency exchange rates. When
42
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assessing our financial results, we focus on growth in organic
    revenue because overall revenue growth is affected by the timing
    and magnitude of acquisitions, dispositions and by currency
    exchange rates.
Services revenue, which is largely recurring in nature, includes
    revenue from availability services, processing services,
    software support and rentals, professional services,
    broker/dealer fees and hardware rentals. Services revenue
    decreased to $4.96 billion from $5.08 billion,
    representing approximately 90% of total revenue in 2009 compared
    to 91% in 2008. The revenue decrease of $122 million in
    2009 was mainly due to a decrease in professional services and
    processing revenue and the impact of changes in currency
    exchange rates offset in part by the increase in software
    rentals, primarily from FS acquired businesses. The year to year
    decline reflects a change in classification in PS from services
    revenue to license and resale fees of $36 million.
Professional services revenue was $800 million and
    $961 million in 2009 and 2008, respectively. The decrease
    was primarily in FS and HE and was the result of customers
    delaying or cancelling projects due to the economic climate, as
    well as completion of certain projects in 2008.
Revenue from license and resale fees was $384 million and
    $369 million for 2009 and 2008, respectively, and includes
    software license revenue of $233 million and
    $266 million, respectively. The year to year increase
    reflects a change in classification in PS from services revenue
    to license and resale fees of $36 million.
SunGard ended 2009 with a software license backlog of
    $35 million in FS, which consisted of signed contracts for
    licensed software that (i) at our election, was not shipped
    to the customer until 2010, (ii) we voluntarily extended
    payment terms or (iii) included products or services not
    yet deliverable and from which the license element cannot be
    separated. This revenue backlog will be recognized in future
    years, largely 2010.
Financial
    Systems:
FS revenue was $3.07 billion in 2009 compared to
    $3.08 billion in 2008. Organic revenue decreased by
    approximately 5% in 2009. 2009 included the full year impact
    from acquired businesses which mostly offset the decline in
    organic revenue, largely professional services.
Professional services revenue decreased $120 million or 18%
    to $533 million. Revenue from license and resale fees
    included software license revenue of $174 million and
    $204 million, respectively, in 2009 and 2008.
We expect a material decline in 2010 revenue in one of our
    trading systems businesses, a broker/dealer, as a result of
    changes in customer mix and lower levels of volatility. The
    customer mix is impacted by the market-wide dynamics by which
    active trading firms are opting to become broker/dealers and
    trade on their own behalf. Beginning in the first quarter of
    2010, a major customer of this broker/dealer started trading on
    its own behalf. This broker/dealer business, which has an
    inherently lower margin than our other FS businesses, has driven
    organic revenue growth over the past three years.
Higher
    Education:
HE revenue was $526 million in 2009 compared to
    $540 million in 2008. The $14 million, or 3%, decrease
    was all organic and primarily due to a decline in professional
    services revenue, partially offset by an increase in maintenance
    and support revenue. Professional services revenue was
    $126 million in 2009 compared to $146 million in 2008.
    Software license fees were unchanged at $32 million in 2009.
Public
    Sector:
PS revenue was $397 million in 2009 compared to
    $411 million in 2008. Organic revenue increased
    approximately 2%. Revenue from license and resale fees included
    software license fees of $23 million and $25 million
    in 2009 and 2008, respectively.
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Availability Services:
AS revenue was $1.52 billion in 2009 compared to
    $1.57 billion in 2008, a 3% decrease. AS organic revenue
    was unchanged in 2009. In North America, revenue decreased 1%
    overall and 2% organically where decreases in recovery services
    exceeded growth in managed services and professional services
    revenue. Revenue from license and resale fees included software
    license revenue of $4 million, a decrease of
    $2 million from the prior year. Revenue in Europe decreased
    12%, but increased 2.5% organically.
Costs and
    Expenses:
Total costs increased to 110% of revenue in 2009 from 92% of
    2008 revenue. Included in 2009 was a $1.13 billion
    impairment charge related to our AS business and 2008 included a
    $128 million impairment charge related to our PS business.
Cost of sales and direct operating expenses as a percentage of
    total revenue was 49% in each of 2009 and 2008. Lower
    employee-related and consultant expenses in our software and
    processing businesses were partially offset by increased costs
    from acquired businesses, net of a business sold in 2008.
The decrease in sales, marketing and administration expenses of
    $39 million was due primarily to decreased costs resulting
    from FS employee-related expenses partially offset by increased
    costs from acquired businesses, net of a business sold in 2008,
    and increases in FS facilities expense.
Because AS software development costs are insignificant, it is
    more meaningful to measure product development expense as a
    percentage of revenue from software and processing solutions. In
    2009 and 2008, software development expenses were 7% and 8%,
    respectively, of revenue from software and processing solutions.
Depreciation and amortization as a percentage of total revenue
    was 5% in each of 2009 and 2008. The $13 million increase
    in 2009 was due primarily to capital expenditures supporting AS,
    FS and HE.
Amortization of acquisition-related intangible assets was 10%
    and 9% of total revenue in 2009 and 2008, respectively. During
    2009, we shortened the remaining useful lives of certain
    intangible assets and also recorded impairment charges of our
    customer base and software assets of $18 million and
    $17 million, respectively. During 2008, we recorded
    impairment charges of our customer base, software and trade name
    assets of $47 million, $17 million and
    $3 million, respectively. These impairments are the result
    of reduced cash flow projections.
We recorded goodwill impairment charges of $1.13 billion in
    AS and $128 million in PS in 2009 and 2008, respectively.
    These impairments are described above.
Interest expense was $637 million in 2009 compared to
    $599 million in 2008. The increase is primarily due to
    increased borrowings from the issuance of $500 million
    senior notes due 2015, a $500 million increase in the term
    loan and borrowings under our receivables facility, partially
    offset by decreased borrowings under our term loans and
    revolving credit facility, repayment of our senior notes due in
    January 2009 and interest rate decreases.
Other income was $15 million in 2009 compared to other
    expense of $93 million in 2008. The income in 2009 was due
    primarily to $14 million of foreign currency translation
    gains related to our Euro denominated term loan. In contrast,
    during 2008, currency translation related to those same Euro
    denominated term loans produced $46 million of foreign
    currency translation losses. Also incurred in 2008 were
    $25 million of losses on sales of receivables related to
    our terminated off-balance sheet receivables facility and
    $17 million of losses on Euros purchased in advance of and
    fees associated with unused alternative financing commitments
    for the acquisition of GL TRADE.
We believe that our overall effective income tax rate is
    typically between 38% and 40%. The effective income tax rates
    for 2009 and 2008 were a tax benefit of 6% and a tax provision
    of 19%, respectively, reflecting nondeductible goodwill
    impairment charges in both years. The reported benefit from
    income taxes in 2009 includes a $12 million favorable
    adjustment primarily related to utilization in our 2008
    U.S. federal
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Table of Contents
income tax return of foreign tax credit carryforwards that were
    not expected to be utilized at the time of the 2008 tax
    provision.
Accreted dividends on SCCII's cumulative preferred stock
    were $180 million and $157 million in 2009 and 2008,
    respectively. The increase in dividends is due to compounding.
    No dividends have been declared by SCCII.
Year
    Ended December 31, 2008 Compared to Year Ended
    December 31, 2007
Income
    from Operations:
Our total operating margin decreased to 8% in 2008 from 13% in
    2007 primarily due to a $128 million goodwill impairment
    charge in PS, intangible asset write-offs of $67 million
    and the decline in operating margins at each of our operating
    segments.
Financial
    Systems:
The FS operating margin was 20% in 2008, compared to 21% for the
    prior year period. The operating margin decline reflects the
    impact of the increase in revenue at one of our trading systems
    businesses which has an inherently lower margin, an increase in
    restructuring charges and an $11 million decrease in software
    license revenue.
Higher
    Education:
The HE operating margin was 24% in 2008 compared to 26% in 2007.
    The operating margin decline is due to a $15 million
    decrease in software license fees.
Public
    Sector:
The PS operating margin was 19% in 2008 compared to 20% in 2007.
    The operating margin decline is due primarily to the impact of
    significantly lower margins in the U.K. business and a
    $4 million decrease in software license fees.
Availability
    Services:
The AS operating margin was 28% in 2008 compared to 30% in 2007,
    primarily due to facility expansions in both North America and
    Europe, which increased the fixed cost base in advance of
    anticipated revenue growth.
Revenue:
Total revenue was $5.60 billion in 2008 compared to
    $4.90 billion in 2007. The increase in total revenue in
    2008 is due primarily to organic revenue growth of approximately
    10%, with trading volumes of one of our trading systems
    businesses adding six percentage points to the growth rate.
Services revenue increased to $5.08 billion from
    $4.36 billion, representing approximately 91% of total
    revenue in 2008 compared to 89% in 2007. The revenue increase of
    $719 million in 2008 was due primarily to organic revenue
    growth, mostly in FS, primarily coming from the broker/dealer
    mentioned above, and the impact of acquired revenue in FS and AS.
Professional services revenue was $961 million and
    $886 million in 2008 and 2007, respectively. The
    $75 million increase was due primarily to FS acquired and
    organic revenue.
Revenue from license and resale fees was $369 million and
    $396 million in 2008 and 2007, respectively, and includes
    software license revenue of $266 million and
    $293 million, respectively.
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Financial
    Systems:
FS revenue was $3.08 billion in 2008 compared to
    $2.50 billion in 2007. Organic revenue growth was
    approximately 17% in 2008, with trading volumes of one of our
    trading systems businesses adding 12 percentage points to
    the growth rate.
Professional services revenue increased $63 million or 11%.
    Revenue from license and resale fees included software license
    revenue of $204 million and $214 million,
    respectively, in 2008 and 2007.
Higher
    Education:
HE revenue was $540 million in 2008 compared to
    $543 million in 2007. Services revenue increased
    $18 million, primarily from increases in software support
    revenue. Professional services revenue was $146 million in
    2008, an increase of $7 million. In 2008, longer sales
    cycles caused software license fees and resale fees to decline
    by $15 million and $6 million, respectively. HE
    organic revenue decreased 1% in 2008.
Public
    Sector:
PS revenue was $411 million in 2008 compared to
    $410 million in 2007. Organic revenue increased
    approximately 2%. Software license fees were $25 million in
    2008, a decrease of $4 million.
Availability
    Services:
AS revenue was $1.57 billion in 2008 compared to
    $1.45 billion in 2007, an 8% increase. AS organic revenue
    increased approximately 4% in 2008. In North America, revenue
    grew 10% overall and 3% organically as strong growth in managed
    services was offset in part by a decrease in basic and advanced
    recovery services. Revenue from license and resale fees included
    software license revenue of $6 million, an increase of
    $3 million from the prior year. Revenue in Europe grew 4%
    overall and 9% organically.
Costs and Expenses:
Cost of sales and direct operating expenses as a percentage of
    total revenue was 49% and 46% in 2008 and 2007, respectively,
    largely the result of the higher volumes of the trading systems
    business previously mentioned. Also impacting the period were
    increased costs resulting from acquired businesses, an increase
    in FS and HE employee-related expenses supporting increased
    services revenue and an increase in AS facilities costs.
The increase in sales, marketing and administration expenses of
    $109 million was due primarily to increased costs resulting
    from acquired businesses, AS employee-related expenses and an
    insurance settlement in 2007, partially offset by decreases in
    HE and FS employee-related expenses and an unfavorable
    arbitration award in 2007 related to a customer dispute.
Because AS software development costs are insignificant, it is
    more meaningful to measure product development expense as a
    percentage of revenue from software and processing solutions. In
    2008 and 2007, software development expenses were unchanged at
    8% of revenue from software and processing solutions.
Depreciation and amortization as a percentage of total revenue
    was 5% in each of 2008 and 2007. The $27 million increase
    in 2008 was due primarily to capital expenditures supporting FS
    and AS and from the AS business acquired in the third quarter of
    2007.
Amortization of acquisition-related intangible assets was 9% of
    total revenue for each of 2008 and 2007. Amortization of
    acquisition-related intangible assets increased $77 million
    in 2008 due primarily to the impact of recent acquisitions made
    by the Company and a $57 million increase in impairment
    charges.
We recorded a goodwill impairment charge of $128 million in
    PS in 2008. This impairment is described above.
Interest expense was $599 million in 2008 compared to
    $645 million in 2007. The decrease is primarily due to
    interest rate decreases and the redemption of the senior
    floating rate notes in 2007, partially offset by
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the issuance of $500 million senior notes due 2015, a
    $500 million increase in the term loan and additional
    borrowings under our revolving credit facility.
Other expense increased $25 million in 2008 due primarily
    to increased foreign currency translation losses primarily
    related to our Euro denominated term loan and losses on Euros
    purchased in advance of and fees associated with unused
    alternative financing commitments for the acquisition of GL
    TRADE, partially offset by $28 million of expense in 2007
    associated with the early retirement of the $400 million of
    senior floating rate notes due 2013, of which $19 million
    represented the retirement premium paid to noteholders.
The effective income tax rates for 2008 and 2007 were -19% and
    5%, respectively. The rate in 2008 reflects a nondeductible
    goodwill impairment charge as well as an increase to our income
    tax reserve for tax matters for open years, some of which are
    currently under audit. The rate in 2007 reflects a change in the
    mix of taxable income in various jurisdictions and limitations
    on our ability to utilize certain foreign tax credits.
Accreted dividends on SCCII's cumulative preferred stock
    were $157 million and $139 million in 2008 and 2007,
    respectively. The increase in dividends is due to compounding.
    No dividends have been declared by SCCII.
Liquidity
    And Capital Resources
At December 31, 2009, cash and cash equivalents were
    $664 million, a decrease of $311 million from
    December 31, 2008, while availability under our revolving
    credit facility increased $321 million to
    $804 million. Approximately $65 million of cash and
    cash equivalents at December 31, 2009 relates to our
    broker/dealer operations, which are required to be held in
    accordance with the applicable regulatory requirements and are
    therefore not immediately available for general corporate use.
Cash flow from operations was $639 million in 2009 compared
    to cash flow from operations of $385 million in 2008. The
    increase in cash flow from operations is due primarily to a
    positive impact of approximately $287 million from the
    termination in 2008 of our off-balance sheet accounts receivable
    securitization program, offset by an increased use of cash,
    principally in working capital, in the balance of the business.
Net cash used in investing activities was $333 million in
    2009 and $1.1 billion in 2008. During 2009, we spent
    $12 million for three acquisitions, whereas we spent
    $721 million for six acquisitions during 2008, including
    $546 million for the acquisition of GL TRADE in our FS
    business. Capital expenditures were $327 million in 2009
    and $392 million in 2008.
In 2009, net cash used in financing activities was
    $628 million, primarily related to repayment at maturity of
    the $250 million senior secured notes and repayment of
    $500 million of borrowings under our revolving credit
    facility, partially offset by cash received from the new
    receivables facility (net of associated fees). In 2008, net cash
    provided by financing activities was $1.3 billion, the
    proceeds of which were used to fund the acquisition of GL TRADE,
    replace the liquidity provided by the terminated off-balance
    sheet accounts receivable securitization facility and repay
    $250 million of senior notes due in January 2009.
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Table of Contents
As a result of the Transaction (August 11, 2005), we are highly
    leveraged. See Note 5 of Notes to Consolidated Financial
    Statements, which contains a full description of our debt. Total
    debt outstanding as of December 31, 2009 was $8.32 billion,
    which consists of the following (in millions):
Senior Secured Credit Facility:
Secured revolving credit facility of —%
$
—
Term loans, tranche A, effective interest rate of 3.24%
1,506
Term loans, tranche B, effective interest rate of 6.79%
2,717
Incremental term loan, effective interest rate of 6.75%
494
Total Senior Secured Credit Facility
4,717
Senior Notes due 2014 at 4.875%, net of discount of $16
234
Senior Notes due 2013 at 9.125%
1,600
Senior Subordinated Notes due 2015 at 10.25%
1,000
Senior Notes due 2015 at 10.625%, net of discount of $5
495
Secured accounts receivable facility, effective interest rate of
    7.5%
250
Other, primarily acquisition purchase price and capital lease
    obligations
19
8,315
Short-term borrowings and current portion of long-term debt
(64
)
Long-term debt
$
8,251
As of December 31, 2009, our senior secured credit
    facilities consist of (1) $1.43 billion of
    U.S. dollar-denominated tranche A term loans,
    $66 million of pound sterling-denominated tranche A
    term loans and $13 million of euro-denominated
    tranche A term loans, each maturing on February 28,
    2014, (2) $2.48 billion of
    U.S. dollar-denominated tranche B term loans,
    $64 million of pound sterling-denominated tranche B
    term loans and $172 million of euro-denominated
    tranche B term loans, each maturing on February 28,
    2016, (3) $494 million of U.S. dollar-denominated
    incremental term loans maturing on February 28, 2014 and
    (4) an $829 million revolving credit facility with
    $580 million of commitments terminating on May 11,
    2013, and $249 million of commitments terminating on
    August 11, 2011. As of December 31, 2009,
    $804 million was available for borrowing under the
    revolving credit facility after giving effect to certain
    outstanding letters of credit.
In June 2009, SunGard amended and restated its existing Credit
    Agreement ("Amended Credit Agreement") to
    (a) extend the maturity date of $2.5 billion of
    U.S. dollar-denominated term loans, £40 million
    of pound sterling-denominated term loans, and
    €120 million of Euro-denominated term loans from
    February 2014 to February 2016, (b) reduce existing
    revolving credit commitments to $829 million from
    $1 billion and extend the termination date of
    $580 million of those commitments to May 2013, and
    (c) amend certain other provisions including those related
    to negative and financial covenants.
We use interest rate swap agreements to manage the amount of our
    floating rate debt in order to reduce our exposure to variable
    rate interest payments associated with the senior secured credit
    facilities. We pay a stream of fixed interest payments for the
    term of the swap, and in turn, receive variable interest
    payments based on one-month LIBOR or three-month LIBOR (0.23%
    and 0.25%, respectively, at December 31, 2009).
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Table of Contents
The net receipt or payment from the interest rate swap
    agreements is included in interest expense. A summary of our
    interest rate swaps at December 31, 2009 follows:
Interest
Notional
Interest Rate
Rate
Inception
Maturity
Amount
Paid
Received
(In millions)
February 2006
February 2011
$
800
5.00
%
LIBOR
January 2008
February 2011
$
750
3.17
%
LIBOR
February 2008
February 2010
$
750
2.71
%
LIBOR
January / February 2009
February 2012
$
1,200
1.78
%
LIBOR
Total/Weighted average interest rate
$
3,500
3.01
%
In early 2010, we entered into
3-year
interest rate swaps that expire in May 2013 for an aggregate
    notional amount of $500 million under which we pay fixed
    interest payments (at 1.99%) for the term of the swaps and, in
    turn, receive variable interest payments based on three-month
    LIBOR rate.
In December 2008, we terminated our off-balance sheet accounts
    receivable securitization program. Under the accounts receivable
    facility, eligible receivables were sold to third-party conduits
    through a wholly owned, bankruptcy remote, special purpose
    entity that is not consolidated for financial reporting
    purposes. SunGard serviced the receivables and charged a monthly
    servicing fee at market rates. The third-party conduits were
    sponsored by certain lenders under SunGard's senior secured
    credit facilities.
In March 2009, we entered into a syndicated three-year
    receivables facility. The facility limit is $317 million,
    which consists of a term loan commitment of $181 million
    and a revolving commitment of $136 million. Advances may be
    borrowed and repaid under the revolving commitment with no
    impact on the facility limit. The term loan commitment may be
    repaid at any time at SunGard's option, but will result in
    a permanent reduction in the facility limit. At
    December 31, 2009, $181 million was drawn against the
    term loan commitment and $69 million was drawn against the
    revolving commitment, which represented the full amount
    available for borrowing based on the terms and conditions of the
    facility. At December 31, 2009, $689 million of
    accounts receivable secure the borrowings under the receivables
    facility.
Under the receivables facility, SunGard is generally required to
    pay interest on the amount of each advance at the one month
    LIBOR rate (with a floor of 3%) plus 4.50% per annum, which at
    December 31, 2009 was 7.5%. The facility is subject to a
    fee on the unused portion of 1.00% per annum. The receivables
    facility contains certain covenants, and SunGard is required to
    satisfy and maintain specified facility performance ratios,
    financial ratios and other financial condition tests.
At December 31, 2009, contingent purchase price obligations
    that depend upon the operating performance of certain acquired
    businesses could total $57 million, all of which could be
    due in the next 12 months. We do not expect to pay any of
    this amount in the next 12 months. We also have outstanding
    letters of credit and bid bonds that total approximately
    $39 million.
At December 31, 2009, our contractual obligations follow
    (in millions):
2015
Total
2010
2011 - 2012
2013 - 2014
and After
Short-term and long-term
    debt
(1)
$
8,315
$
64
$
350
$
3,830
$
4,071
Interest
    payments
(2)
2,898
567
1,016
904
411
Operating leases
1,373
211
338
253
571
Purchase
    obligations
(3)
288
118
107
58
5
$
12,874
$
960
$
1,811
$
5,045
$
5,058
(1)
The senior notes due 2014 and the senior notes due 2015 are
    recorded at $234 million and $495 million,
    respectively, as of December 31, 2009, reflecting the
    remaining unamortized discount. The $21 million
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Table of Contents
discount at December 31, 2009 will be amortized and
    included in interest expense over the remaining periods to
    maturity.
(2)
Interest payments consist of interest on both fixed-rate and
    variable-rate debt. Variable-rate debt consists primarily of the
    Tranche A secured term loan facility ($1,506 million
    at 3.24%), the Tranche B secured term loan facility
    ($2,717 million at 6.79%), the Incremental Term Loan
    ($494 million at 6.75%) and the secured accounts receivable
    facility ($250 million at 7.5%), each as of
    December 31, 2009. See Note 5 to Notes to Consolidated
    Financial Statements. The swap agreements entered into in early
    2010 will increase the amount of interest payments in the table
    above by $4 million in 2010, $15 million in
2011-2012,
and $4 million in 2013.
(3)
Purchase obligations include our estimate of the minimum
    outstanding obligations under noncancelable commitments to
    purchase goods or services.
We expect our cash on hand, cash flows from operations and
    availability under our revolving credit facility to provide
    sufficient liquidity to fund our current obligations, projected
    working capital requirements and capital spending for a period
    that includes at least the next 12 months.
Depending on market conditions, the Company, its Sponsors and
    their affiliates, may from time to time repurchase debt
    securities issued by the Company, in privately negotiated or
    open market transactions, by tender offer or otherwise.
Covenant
    Compliance
Our senior secured credit facilities and the indentures
    governing our senior notes due 2013 and 2015 and our senior
    subordinated notes due 2015 contain various covenants that limit
    our ability to engage in specified types of transactions. These
    covenants limit our ability to, among other things:
•
incur additional indebtedness or issue certain preferred shares,
•
pay dividends on, repurchase or make distributions in respect of
    our capital stock or make other restricted payments,
•
make certain investments,
•
sell certain assets,
•
create liens,
•
consolidate, merge, sell or otherwise dispose of all or
    substantially all of our assets, and
•
enter into certain transactions with our affiliates.
In addition, pursuant to the Principal Investor Agreement by and
    among our Holding Companies and the Sponsors, we are required to
    obtain approval from certain Sponsors prior to the declaration
    or payment of any dividend by us or any of our subsidiaries
    (other than dividends payable to us or any of our wholly owned
    subsidiaries).
Under the senior secured credit facilities, we are required to
    satisfy and maintain specified financial ratios and other
    financial condition tests. As of December 31, 2009, we are
    in compliance with the financial and nonfinancial covenants.
    While we believe that we will remain in compliance, our
    continued ability to meet those financial ratios and tests can
    be affected by events beyond our control, and there is no
    assurance that we will meet those ratios and tests.
Adjusted earnings before interest, taxes, depreciation and
    amortization and goodwill impairment ("EBITDA") is a
    non-GAAP measure used to determine our compliance with certain
    covenants contained in the indentures governing the senior notes
    due 2013 and 2015 and senior subordinated notes due 2015 and in
    our senior secured credit facilities. Adjusted EBITDA is defined
    as EBITDA further adjusted to exclude unusual items and other
    adjustments permitted in calculating covenant compliance under
    the indentures and our senior secured credit facilities. We
    believe that including supplementary information concerning
    Adjusted
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EBITDA is appropriate to provide additional information to
    investors to demonstrate compliance with our financing covenants.
The breach of covenants in our senior secured credit facilities
    that are tied to ratios based on Adjusted EBITDA could result in
    a default and the lenders could elect to declare all amounts
    borrowed due and payable. Any such acceleration would also
    result in a default under our indentures. Additionally, under
    our debt agreements, our ability to engage in activities such as
    incurring additional indebtedness, making investments and paying
    dividends is also tied to ratios based on Adjusted EBITDA.
Adjusted EBITDA does not represent net income (loss) or cash
    flow from operations as those terms are defined by GAAP and does
    not necessarily indicate whether cash flows will be sufficient
    to fund cash needs. While Adjusted EBITDA and similar measures
    are frequently used as measures of operations and the ability to
    meet debt service requirements, these terms are not necessarily
    comparable to other similarly titled captions of other companies
    due to the potential inconsistencies in the method of
    calculation. Adjusted EBITDA does not reflect the impact of
    earnings or charges resulting from matters that we may consider
    not to be indicative of our ongoing operations. In particular,
    the definition of Adjusted EBITDA in the indentures allows us to
    add back certain non-cash, extraordinary or unusual charges that
    are deducted in calculating net income (loss). However, these
    are expenses that may recur, vary greatly and are difficult to
    predict. Further, our debt instruments require that Adjusted
    EBITDA be calculated for the most recent four fiscal quarters.
    As a result, the measure can be disproportionately affected by a
    particularly strong or weak quarter. Further, it may not be
    comparable to the measure for any subsequent four-quarter period
    or any complete fiscal year.
The following is a reconciliation of net loss, which is a GAAP
    measure of our operating results, to Adjusted EBITDA as defined
    in our debt agreements. The terms and related calculations are
    defined in the indentures.
Year Ended December 31,
2007
2008
2009
(In millions)
Net loss
$
(60
)
$
(242
)
$
(1,118
)
Interest expense, net
626
581
630
Taxes
(3
)
38
(73
)
Depreciation and amortization
689
793
831
Goodwill impairment charge
—
128
1,126
EBITDA
1,252
1,298
1,396
Purchase accounting
    adjustments
(1)
14
39
17
Non-cash
    charges
(2)
37
35
36
Restructuring and other
    charges
(3)
43
68
42
Acquired EBITDA, net of disposed
    EBITDA
(4)
12
57
—
Pro forma expense savings related to
    acquisitions
(5)
—
17
3
Other
(6)
38
76
5
Adjusted EBITDA — Senior Secured Credit Facilities
1,396
1,590
1,499
Loss on sale of
    receivables
(7)
29
25
—
Adjusted EBITDA — Senior Notes due 2013 and 2015 and
    Senior Subordinated Notes due 2015
$
1,425
$
1,615
$
1,499
(1)
Purchase accounting adjustments include the adjustment of
    deferred revenue and lease reserves to fair value at the dates
    of the Transaction and subsequent acquisitions made by the
    Company and certain acquisition-related compensation expense.
(2)
Non-cash charges include stock-based compensation (see
    Note 7 of Notes to Consolidated Financial Statements) and
    loss on the sale of assets.
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Table of Contents
(3)
Restructuring and other charges include debt refinancing costs,
    severance and related payroll taxes, reserves to consolidate
    certain facilities, an unfavorable arbitration award related to
    a customer dispute, settlements with former owners of acquired
    companies, an insurance recovery and other expenses associated
    with acquisitions made by the Company.
(4)
Acquired EBITDA net of disposed EBITDA reflects the EBITDA
    impact of businesses that were acquired or disposed of during
    the period as if the acquisition or disposition occurred at the
    beginning of the period.
(5)
Pro forma adjustments represent the full-year impact of savings
    resulting from post-acquisition integration activities.
(6)
Other includes gains or losses related to fluctuation of foreign
    currency exchange rates impacting the foreign-denominated debt,
    management fees paid to the Sponsors and franchise and similar
    taxes reported in operating expenses, partially offset by
    certain charges relating to the off-balance sheet accounts
    receivable securitization facility (terminated in December 2008).
(7)
The loss on sale of receivables under the off-balance sheet
    accounts receivable securitization facility (terminated in
    December 2008) is added back in calculating Adjusted EBITDA
    for purposes of the indentures governing the senior notes due
    2013 and 2015 and the senior subordinated notes due 2015 but is
    not added back in calculating Adjusted EBITDA for purposes of
    the senior secured credit facilities.
SunGard's covenant requirements and actual ratios for the
    year ended December 31, 2009 are as follows:
Covenant
Requirements
Actual Ratios
Senior secured credit
    facilities
(1)
Minimum Adjusted EBITDA to consolidated interest expense ratio
1.70
x
2.60
x
Maximum total debt to Adjusted EBITDA
6.25
x
4.99
x
Senior Notes due 2013 and 2015 and Senior Subordinated Notes due
    2015
(2)
Minimum Adjusted EBITDA to fixed charges ratio required to incur
    additional debt pursuant to ratio provisions
2.00
x
2.54x
(1)
Our senior secured credit facilities require us to maintain an
    Adjusted EBITDA to consolidated interest expense ratio starting
    at a minimum of 1.70x for the four-quarter period ended
    December 31, 2009 and increasing over time to 1.80x by the
    end of 2010 and 2.20x by the end of 2013. Consolidated interest
    expense is defined in the senior secured credit facilities as
    consolidated cash interest expense less cash interest income
    further adjusted for certain noncash or nonrecurring interest
    expense. Beginning with the four-quarter period ending
    December 31, 2009, we are required to maintain a
    consolidated total debt to Adjusted EBITDA ratio of 6.25x and
    decreasing over time to 5.75x by the end of 2011 and to 4.75x by
    the end of 2013. Consolidated total debt is defined in the
    senior secured credit facilities as total debt less certain
    indebtedness and further adjusted for cash and cash equivalents
    on our balance sheet in excess of $50 million. Failure to
    satisfy these ratio requirements would constitute a default
    under the senior secured credit facilities. If our lenders
    failed to waive any such default, our repayment obligations
    under the senior secured credit facilities could be accelerated,
    which would also constitute a default under our indentures.
(2)
SunGard's ability to incur additional debt and make certain
    restricted payments under our indentures, subject to specified
    exceptions, is tied to an Adjusted EBITDA to fixed charges ratio
    of at least 2.0x, except that we may incur certain debt and make
    certain restricted payments and certain permitted investments
    without regard to the ratio, such as our ability to incur up to
    an aggregate principal amount of $5.75 billion under credit
    facilities (inclusive of amounts outstanding under our senior
    credit facilities from time to time; as of December 31,
    2009, we had $4.72 billion outstanding under our term loan
    facilities and available commitments of $804 million under
    our revolving credit facility), to acquire persons engaged in a
    similar business that become restricted subsidiaries and to make
    other investments equal to 6% of our consolidated assets. Fixed
    charges is defined in the indentures governing the Senior Notes
    due 2013 and 2015
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and the Senior Subordinated Notes due 2015 as consolidated
    interest expense less interest income, adjusted for
    acquisitions, and further adjusted for noncash interest.
Effect of
    Recent Accounting Pronouncements:
The Financial Accounting Standards Board issued new revenue
    recognition guidance for arrangements with multiple
    deliverables. The new guidance modifies the fair value
    requirements for revenue recognition by providing "best
    estimate of selling price" in addition to vendor specific
    objective evidence, or "VSOE", and vendor objective
    evidence, now referred to as third-party evidence, or
    "TPE", for determining the selling price of a
    deliverable. Since the Company will be able to use an estimate
    of the selling price for the deliverables in an arrangement, all
    deliverables will be separate units of accounting, provided
    (a) a delivered item has value to the customer on a
    standalone basis, and (b) if the arrangement includes a
    general right of return relative to the delivered item, delivery
    or performance of the undelivered item is considered probable
    and substantially in the control of the Company. As a result of
    the requirement to use the best estimate of the selling price
    when VSOE or TPE of the selling price cannot be determined, the
    residual method is no longer permitted. The new guidance is
    effective for fiscal years beginning on or after June 15,
    2010. The Company is currently evaluating the impact of this
    revenue guidance, but would not expect the guidance to have a
    material impact on the consolidated financial statements.
Quantitative
    and Qualitative Disclosures about Market Risk:
We do not use derivative financial instruments for trading or
    speculative purposes. We have invested our available cash in
    short-term, highly liquid financial instruments, with a
    substantial portion having initial maturities of three months or
    less. When necessary, we have borrowed to fund acquisitions.
At December 31, 2009, we had total debt of
    $8.32 billion, including $4.97 billion of variable
    rate debt. We entered into interest rate swap agreements which
    fixed the interest rates for $3.5 billion of our variable
    rate debt. Swap agreements with a notional value of
    $800 million effectively fix our interest rates at 5.00%
    and expire in February 2011. Swap agreements expiring in
    February 2010 and 2011 each have a notional value of
    $750 million and, effectively, fix our interest rates at
    2.71% and 3.17%, respectively. Swap agreements expiring in
    February 2012 have a notional value of $1.2 billion and
    effectively fix our interest rates at 1.78%. Our remaining
    variable rate debt of $1.47 billion is subject to changes
    in underlying interest rates, and, accordingly, our interest
    payments will fluctuate. During the period when all of our
    interest rate swap agreements are effective, a 1% change in
    interest rates would result in a change in interest of
    approximately $15 million per year. Upon the expiration of
    each interest rate swap agreement in February 2010, 2011 and
    2012, a 1% change in interest rates would result in a change in
    interest of approximately $22 million, $38 million and
    $50 million per year, respectively. See Note 5 of
    Notes to Consolidated Financial Statements.
In addition, at December 31, 2009, one of our U.K.
    subsidiaries, whose functional currency is the pound sterling,
    has $184 million of debt which is denominated in euros. A
    10% change in the euro-pound sterling exchange rate would result
    in a charge or credit in the statement of operations of
    approximately $19 million.
During 2009, approximately 30% of our revenue was from customers
    outside the United States with approximately 71% of this revenue
    coming from customers located in the United Kingdom and
    Continental Europe. Only a portion of the revenue from customers
    outside the United States is denominated in other currencies,
    the majority being pounds sterling and euros. Revenue and
    expenses of our foreign operations are generally denominated in
    their respective local currencies. We continue to monitor our
    exposure to currency exchange rates.
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BUSINESS
Our
    Company
We are one of the world's leading software and technology
    services companies. We provide software and processing solutions
    to institutions throughout the financial services industry,
    higher education and the public sector. We also provide disaster
    recovery services, managed services, information availability
    consulting services and business continuity management software.
We serve more than 25,000 customers in more than 70 countries.
    We seek to establish long-term customer relationships by
    negotiating multi-year contracts and by emphasizing customer
    support and product quality and integration. We believe that we
    are one of the most efficient operators of mission-critical IT
    solutions as a result of the economies of scale we derive from
    serving multiple customers on shared platforms. Our revenue is
    highly diversified by customer and product, with no single
    customer accounting for more than 9% of our total revenue during
    any of the past three fiscal years. We estimate that
    approximately 90% of our revenue for the past three fiscal years
    was recurring in nature.
We operate our business in four segments:
Our
    Segments
Software & Processing
Financial Systems
Higher Education
Public Sector
Availability Services
Revenue for the Year Ended December 31, 2009
• $3.1 billion
• $526 million
• $397 million
• $1.5 billion
Product and Service Offerings
• Specialized software and processing solutions that
    automate the mission-critical business processes associated with
    trading securities, managing portfolios and accounting for
    investment assets, and consulting and IT management services
•   Specialized software and enterprise
    resource planning solutions, professional services, and
    consulting and IT management services to address the
    administrative, academic and community needs of higher education
    institutions
•   Specialized software and enterprise
    resource planning and administrative solutions, public safety
    and justice solutions, K-12 student information solutions, and
    consulting and IT management services
•   Recovery services and managed services,
    consulting, and business continuity management software that
    help companies maintain uninterrupted access to their
    mission-critical IT systems
Number of Customers
• 14,000
• 1,600
• 2,000
• 10,000
Primary Customers
Financial services companies
•   Corporate and government treasury
    departments
•   Energy companies
•   Higher education organizations around
    the world, including colleges, universities, campuses,
    foundations and state systems
•   School districts
•   Central, federal, state and local governments
•   Public safety and justice agencies
•   Not-for-profit organizations
•   IT departments of large, medium and
    small companies across virtually all industries, primarily in
    North America and Europe
We were acquired on August 11, 2005 in a leveraged buy-out
    by a consortium of private equity investment funds associated
    with Bain Capital Partners, The Blackstone Group, Goldman
    Sachs & Co., Kohlberg Kravis Roberts & Co.,
    Providence Equity Partners, Silver Lake and TPG (the
    "Transaction"). As a result of the Transaction, we are
    highly leveraged and our equity is no longer publicly traded.
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Our
    Strengths
Leading franchise in attractive
    industries.
Built over many years, our business
    has leading positions and strong customer relationships in
    industries with attractive growth dynamics.
•
Leading industry positions.
We believe that,
    within the highly fragmented global market for financial
    services IT software and services, the majority of businesses
    within our FS segment are leaders in the sectors in which they
    participate. We believe that HE and PS are both leading
    providers of software and services to higher education
    institutions and the public sector, respectively, and that AS is
    the pioneer and a leading provider in the information
    availability services industry.
•
Attractive industry dynamics.
While the
    economic crisis and resulting recession has had a negative
    impact on the sectors in which we operate, we believe that, over
    the long term, our primary market segments continue to have
    strong growth potential. We believe that our FS business will
    benefit from several key industry dynamics: the shift from
    internal to outsourced IT spending, the shift from
    infrastructure to application software spending, and the general
    increase in IT spending associated with increasing compliance
    and regulatory requirements and customers' increasing need
    for real-time information. We anticipate that our HE and PS
    businesses will benefit from favorable growth dynamics in higher
    education and public safety and justice IT spending. We believe
    that our AS business will continue to benefit from favorable
    growth in the small and medium business sector as well as in the
    managed services industry. We believe that our strong
    relationships with our customers in the relatively fragmented
    software and processing sectors that we serve and our extensive
    experience and the significant total capital that we have
    invested in AS help us to maintain leading positions. We believe
    that these factors should provide us with competitive advantages
    and enhance our growth potential.
Highly attractive business model.
We have
    substantial recurring revenue and a diversified customer base
    and generate significant operating cash flow.
•
Extensive portfolio of businesses with substantial recurring
    revenue.
With a large portfolio of proprietary
    services and products in each of our four business segments, we
    have a diversified and stable business. We estimate that
    approximately 90% of our revenue for the past three fiscal years
    was recurring in nature. With the exception of our broker/dealer
    business, we believe that our FS revenue is more insulated from
    changes in trading and transaction volumes than the financial
    services industry at large because our FS customers generally
    pay us monthly fees that are based on metrics such as number of
    accounts, trades or transactions, users or number of hours of
    service. Our portfolio of solutions and the largely recurring
    nature of our revenue across all four of our segments have
    reduced volatility in our revenue and income from operations.
•
Diversified and stable customer base.
Our
    customer base is highly diversified with no single customer
    accounting for more than 9% of total revenue during any of the
    last three fiscal years. Our base of more than 25,000 customers
    includes most of the world's largest financial services
    firms, a variety of other financial services firms, corporate
    and government treasury departments, energy companies, higher
    education institutions, school districts, local governments and
not-for-profit
organizations. Our AS business serves customers across virtually
    all industries. In addition, our track record of helping our
    customers improve their operational efficiency, achieve high
    levels of availability and address regulatory requirements
    results in stable, long-term customer relationships.
•
Significant operating cash flow
    generation.
With strong operating margins and
    relatively moderate capital-expenditure and working-capital
    investment needs, we generate significant operating cash flow.
    Our strong cash flow allows us to meet our significant
    debt-service requirements and make discretionary investments to
    grow the business, both by investing in new products and
    services and through acquisitions.
Experienced management team with track record of success with
    proper incentives.
Our management team fosters an
    entrepreneurial culture, has a long track record of operational
    excellence, has a proven ability to acquire and integrate
    complementary businesses, and is highly committed to our
    Company's long-term success.
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•
Long track record of operational
    excellence.
We have a solid track record of
    performance consistent with internal financial targets. Our
    experienced senior executive officers have proven capabilities
    in both running a global business and managing numerous
    applications that are important to our customers. Our FS
    solutions account for and manage over $25 trillion in investment
    assets and process over 5 million transactions per day. In
    our HE business, 1,600 organizations including colleges,
    universities, campuses, foundations and state systems rely on
    our solutions. Our PS products are used by agencies that serve
    more than 140 million citizens in North America and
    40 million citizens in the UK. Our AS business has had a
    100% success rate in supporting customer recoveries since our
    inception.
•
Successful, disciplined acquisition
    program.
To complement our organic growth, we
    have a highly disciplined program to identify, evaluate, execute
    and integrate acquisitions. We have completed over 170
    acquisitions and overall have improved the operating performance
    of acquired businesses. Our ongoing acquisition program has
    contributed significantly to our long-term growth and success.
•
Experienced and committed management team.
Our
    executive officers have on average more than 15 years of
    industry experience. Our senior managers have committed
    significant personal capital to our Company in connection with
    the Transaction.
Business
    Strategy
We are focused on expanding our position not only as a leading
    provider of software and processing solutions, but also as the
    provider of choice for a wide range of information availability
    services and managed services for IT-departments in companies
    across virtually all industries. Our operating and financial
    strategy emphasizes fiscal discipline, profitable revenue growth
    and significant operating cash flow generation. In pursuit of
    these objectives, we have implemented the following strategies:
Expand our industry-leading franchise.
We are
    constantly enhancing our product and service offerings across
    our portfolio of businesses, further building and leveraging our
    customer relationships, and looking to acquire complementary
    businesses at attractive valuations.
•
Enhance our product and service offerings.
We
    continually support, upgrade and enhance our systems to
    incorporate new technology and meet the needs of our customers
    for increased operational efficiency and resilience. Our strong
    base of recurring revenue drives high operating margins that
    allow us to consistently reinvest in our products and services.
    In 2009 and 2008, software development expenses were 7% and 8%,
    respectively, of revenue from software and processing solutions.
    We continue to introduce innovative products and services in all
    four of our business segments. We believe that our focus on
    product enhancement and innovation will help us to increase our
    penetration of existing and new customers.
•
Extend our strong customer relationships.
We
    focus on developing trusted, mutually beneficial, long-term
    relationships with our customers. We look to maximize
    cross-selling opportunities, increase our share of our
    customers' total IT spending and maintain a high level of
    customer satisfaction. Our global account management program
    allows us to present a single face to our larger FS customers as
    well as better target potential cross-selling opportunities.
•
Acquire and integrate complementary
    businesses.
We seek opportunistically to acquire
    businesses that broaden our existing product and service
    offerings, expand our customer base and strengthen our
    leadership positions, especially within the fragmented FS, HE
    and PS markets, and that will provide us with a suitable return
    on investment. Before committing to an acquisition, we devote
    significant resources to due diligence and to developing a
    post-acquisition integration plan, including the identification
    and quantification of potential cost savings and synergies.
Continue to enhance our attractive business
    model.
We continue to focus on maintaining our
    attractive business model and, in particular, increasing our
    recurring revenue base and implementing incremental operational
    improvements.
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•
Increase our recurring revenue base.
We strive
    to generate a high level of recurring revenue and stable cash
    flow from operations. We charge customers monthly subscription
    fees under multi-year contracts, and we continue to prefer such
    contracts because they offer high levels of revenue stability
    and visibility. Moreover, we believe that our high quality
    services and customized solutions help increase the level of
    integration and efficiency for our customers and reduce customer
    defections to other vendors or to in-house solutions.
•
Implement incremental operational
    improvements.
We have identified opportunities to
    further increase revenue, reduce costs and improve cash flow
    from operations. These include the global account management
    program within FS, which stimulates cross-selling opportunities
    and enhances relationship management at our largest customers;
    the combination of our consulting services and technology
    services business units to form a global services organization
    which offers a broader range of services to our customers
    leveraging a global delivery model; the introduction of a
    customer relationship management system to enhance sales force
    automation in our AS business; the implementation of a
    software-as-a-service (SaaS) application development framework
    to help accelerate
time-to-market
and achieve flexible delivery of software solutions; and the
    consolidation of data centers within FS.
Enhance our performance-based culture.
We are
    focused on enhancing our performance-based culture. Our
    compensation programs are designed to be based primarily on
    achieving high performance goals. We continue to evaluate the
    competitiveness of our compensation plans in order to promote
    retention of key individuals in both our existing and acquired
    businesses.
Business
    Segment Overview
Financial
    Systems
FS provides mission-critical software and IT services to
    institutions in virtually every segment of the financial
    services industry. These systems automate the many complex
    processes associated primarily with managing investment
    portfolios and trading of and accounting for investment assets.
    These solutions address the processing requirements of a broad
    range of users within financial services. In addition, we also
    provide professional services that focus on application
    implementation and integration of these solutions and on custom
    software development. Since our inception, we have consistently
    enhanced our FS solutions to add new features, process new types
    of financial instruments, meet new regulatory requirements,
    incorporate new technologies and meet evolving customer
    demands.
We deliver many of our FS solutions as an application service
    provider, primarily from our data centers located in North
    America and Europe that customers access through the Internet or
    virtual private networks. We also deliver some of our FS
    solutions by licensing the software to customers for use on
    their own computers.
Our FS businesses are grouped internally into two divisions. The
    main distinction between the two divisions is that one division
    serves customers whose businesses are primarily in North America
    while the other division serves customers whose businesses are
    primarily international. The grouping of FS businesses in two
    divisions also takes into account the balance of management
    workload.
Americas Division:
The Americas division
    includes our Brokerage & Clearance, Corporations,
    Global Services, Insurance, Trading and Wealth Management
    businesses. It offers software solutions and strategic IT
    consulting to a broad range of users, including chief financial
    officers, compliance officers, custodians, insurers and
    reinsurers, plan administrators, registered investment advisors,
    treasurers, traders and wealth managers. These solutions help
    automate and manage the trading and processing requirements of
    banks, broker/dealers, insurance companies, pension companies,
    fiduciary trusts and other financial services firms primarily in
    North America.
International Division:
The International
    division includes our Alternative Investments, Banks, Capital
    Markets & Investment Banking, Global Trading and
    Institutional Asset Management businesses. It also includes our
    FS international distribution organization which on behalf of
    many of our FS businesses conducts business with customers in
    China, India, Japan, and the rest of Asia-Pacific, Central and
    Eastern Europe, the
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Middle East, Africa and Latin America. The International
    division offers software solutions and strategic IT consulting
    to a broad range of users including asset managers, compliance
    officers, fund administrators, market makers and traders.
Our FS businesses in the Americas and International divisions
    are organized in the following customer-facing business areas:
Alternative Investments:
We offer solutions
    specifically designed for firms specializing in alternative
    investments. These solutions support multiple asset classes and
    their derivatives, including equities, foreign exchange,
    interest rates, credit, commodities and convertibles. Solutions
    include strategy-specific applications for convertible and
    capital structure arbitrage, global repurchase agreements, stock
    finance, and listed options trading. Our enterprise-wide,
    straight-through processing solutions meet the trading, risk
    management, and investor and portfolio accounting requirements
    of single- and multi-strategy institutions.
Banks:
We provide an integrated solution suite
    for asset/liability management, budgeting and planning,
    regulatory compliance, and profitability. Our products also
    manage all aspects of universal banking including back-office
    transaction processing, front-office multi-channel delivery,
    card management and payments.
Corporations:
Our solutions provide chief
    financial officers and treasurers with the ability to monitor
    cash flow in real time and with increased operational controls
    on treasury, receivables and payments functions. An
end-to-end
collaborative financial management framework gives chief
    financial officers and treasurers tools to help drive maximum
    value from working capital and reduce risk.
Brokerage & Clearance:
We are a
    leading provider of solutions for the global processing of
    securities and derivatives. These solutions support trade
    processing, clearing and accounting, helping brokerage and
    clearing firms streamline operations and control risk and cost.
    Our solutions provide centralized transactional databases,
    support cross-asset business functions, and offer consolidated
    views of accounts and risk management. These solutions help
    firms gain
front-to-back
operational efficiencies, realize advantages of scale and
    support business growth.
Capital Markets & Investment
    Banking:
Our solutions support cross-asset
    trading and straight-through processing of derivative
    instruments, helping investment banks to manage global trading
    books in multiple asset classes. These solutions also support
    securities lending and borrowing, repurchase agreements, and
    related transactions. We also offer solutions for the
    enterprise-wide management of market, credit, interest rate and
    liquidity risk. In addition, we provide a framework for helping
    banks to manage operational risk and compliance requirements.
Global Services:
We deliver consulting,
    technology and professional services for financial services,
    energy organizations and corporations. Leveraging SunGard's
    global delivery model, approximately 4,500 consultants and
    developers help customers achieve value from advanced
    technology, application management, business process management,
    business process outsourcing, information management,
    infrastructure management and testing services.
Global Trading:
We provide multi-asset, front-
    to back-office trading solutions for equities, fixed income,
    derivatives, FX and commodities on exchanges worldwide. These
    solutions support full lifecycle trading and trade processing
    activities including information services, market connectivity
    and order management that help improve trade efficiency and risk
    monitoring.
Institutional Asset Management:
We provide
    asset managers with comprehensive, integrated solutions to
    support their global investment operations. These solutions help
    connect every stage of the investment lifecycle, from portfolio
    analysis and electronic trading connectivity to regulatory
    compliance and investment accounting and reporting. We also
    provide systems for trading, pre- and post-trade compliance
    measurement, risk management, performance measurement and
    attribution, and data management.
Insurance:
We provide IT solutions for the
    insurance industry in each of the following major business
    lines: life/health/annuities/pensions, property and casualty,
    reinsurance and asset management. Our software and services
    support functions from the front-office through the
    back-office — from customer service and policy
    administration to actuarial calculations, financial and
    investment accounting, and reporting.
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Trading:
We provide traders of
    U.S. equities, commodities and listed options with
    Web-based, electronic trading platforms for trade order
    management, direct market access and risk and compliance
    management. Our cross-asset solutions automate the transaction
    lifecycle, providing network connectivity and straight-through
    processing from pre- to post-trade. Our data analysis tools help
    improve the speed and ease of optimizing portfolios, assessing
    risk exposure and identifying market opportunities. Our energy
    solutions help financial services institutions, industrial and
    energy companies to efficiently compete in global energy markets
    by streamlining and integrating the trading, risk management and
    operations of physical commodities and their associated
    financial instruments.
Wealth Management:
Our wealth management
    solutions help investment advisors, trust bank managers and
    wealth managers grow their businesses by helping support the
    needs of their mass affluent and
high-net
worth clients. We provide solutions for financial planning,
    asset allocation, surveillance and suitability, new account
    opening, portfolio management, unified managed account programs,
    trade execution, asset management, custody and trust accounting.
    Our compliance and data management solutions help compliance
    officers mitigate risk and improve efficiencies through
    centralized data infrastructures, automated trade supervision
    and
code-of-ethics
monitoring. We also serve organizations that administer
    defined-contribution and defined-benefit retirement plans. Our
    retirement plan recordkeeping systems support many plan types
    and fulfill functions ranging from processing of contributions
    and payments to tax reporting and trade management.
Higher
    Education
In HE, we provide software solutions, strategic and systems
    integration consulting, and technology management services to
    colleges and universities, including community colleges, liberal
    arts colleges, public universities, foundations, state systems,
    central and district offices, and international institutions, to
    help them support communities of learners. Higher education
    institutions rely on our broad portfolio of solutions and expert
    guidance to find better ways to teach, learn, manage and connect
    with their constituents. Our Open Digital Campus strategy
    combines our deep expertise in higher education with alternative
    delivery models, modular software components, and modern
    technologies that help universities and colleges design and
    build their next-generation digital campuses. Our solutions
    include administration and enterprise resource planning,
    advancement, IT management and outsourcing, portal and
    communication tools, performance management, enrollment
    management, academic performance and strategic planning.
Public
    Sector
In PS, we provide software and processing solutions designed to
    meet the specialized needs of central, federal, state and local
    governments, public safety and justice agencies, public schools,
    utilities, nonprofits, and other public sector institutions. Our
    systems and services help institutions improve the efficiency of
    their operations and utilize the Web and wireless technologies
    in serving their constituents. Our PS products support a range
    of specialized enterprise resource planning and administrative
    solutions for functions such as accounting, human resources,
    payroll, utility billing, land management, public safety and
    criminal justice, and IT managed services.
Availability
    Services
In AS, we help our customers improve the resilience of mission
    critical systems. We do this by designing, implementing and
    managing cost-effective solutions using people, process and
    technology to address enterprise IT availability needs. Since we
    pioneered commercial disaster recovery in the 1970s, we believe
    that our specialization in information availability solutions,
    together with our experience, technology expertise, resource
    management capabilities, vendor neutrality and diverse service
    offerings, have uniquely positioned us to meet customers'
    varied needs in an environment in which businesses are
    critically dependent on availability of IT. We have a
    comprehensive portfolio of services that extend from always
    ready standby services to high availability advanced recovery
    services and always on production and managed services,
    including planning and provisioning of private and public cloud
    computing and software-as-a-service (SaaS) platforms. We also
    provide business continuity management software and consulting
    services to help our customers design, implement and maintain
    plans to protect their central business systems. To serve our
    10,000 AS customers, we
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have 5,000,000 square feet of operations space at over 80
    facilities in nine countries and a global network of
    approximately 25,000 miles. Since our inception, we have
    had a 100% success rate helping our customers recover from
    unplanned interruptions resulting from major disasters including
    the Gulf Coast hurricanes in 2008, widespread flooding in the
    U.K. in 2007, hurricane Katrina and Gulf Coast hurricanes in
    2005, Florida hurricanes in 2004, the Northeast
    U.S. blackout in 2003 and the terrorist attacks of
    September 11, 2001.
We provide the following four categories of services: recovery
    services, managed services, consulting services and business
    continuity management software. They can be purchased
    independently or collectively, depending on the customer's
    requirements. Although recovery services remain our principal
    revenue generating services, managed services, consulting and
    business continuity management software increasingly account for
    a greater percentage of our new sales. Because advanced recovery
    and managed services are often unique to individual customers
    and utilize a greater proportion of dedicated (versus shared)
    resources, they typically require modestly more capital
    expenditures and command a somewhat lower operating margin rate
    than traditional systems recovery services. The combination of
    all of these services provides our customers with a total,
end-to-end
IT operations and information availability management solution.
Recovery Services:
AS helps customers maintain
    access to the information and computer systems they need to run
    their businesses by providing cost-effective solutions to keep
    IT systems operational and secure in the event of an unplanned
    business disruption. These business disruptions can range from
    man-made events (e.g. power outages, telecommunications
    disruptions and acts of terrorism) to natural disasters (e.g.
    floods, hurricanes and earthquakes). AS offers a complete range
    of recovery services, depending on the length of time deemed
    acceptable by customers for IT systems outage —
    ranging from minutes (for mission-critical applications) to
    several hours or several days (for non-mission-critical
    applications). We deliver these services using processors,
    servers, storage devices, networks and other resources and
    infrastructure that are subscribed to by multiple customers,
    which results in economies of scale for us and
    cost-effectiveness for our customers. These shared services
    range from basic standby systems recovery services, workforce
    continuity services, and mobile recovery options to blended
    "advanced recovery" or "high availability"
    solutions that typically combine systems recovery services with
    dedicated data storage resources that allow customers to
    replicate data to one of our sites, helping them minimize data
    loss and reduce recovery times.
Managed Services:
AS provides IT
    infrastructure and production services that customers use to run
    their businesses on a
day-to-day
basis. These services range from co-located IT infrastructure
    (e.g., where AS provides data center space, power, cooling and
    network connectivity) to fully managed infrastructure services
    (e.g., where AS fully manages the daily operation of a
    customer's IT infrastructure). AS can also provide managed
    services at the customer's data center. Some managed
    services require dedicated processors, servers, storage devices,
    networks and other resources, which are either obtained by the
    customer or provided by us for the customer's exclusive
    use. Other managed services are provided on shared
    infrastructure. Managed services are designed in a flexible
    manner that allow customers to choose the services they need
    from a menu of options delivered on pre-agreed schedules or on
    an on-demand basis. Therefore, the combination of selected
    managed services is unique to each customer, with solutions
    crafted to meet that customer's specific needs. Managed
    services help customers augment their IT resources and skills
    without having to hire full-time internal IT staff and invest in
    infrastructure that is not fully used all the time. In 2010, we
    expect to launch enterprise-grade cloud computing services in
    North America building on our expertise in information
    availability and managed services.
Consulting Services:
AS offers consulting
    services to help customers solve critical business continuity
    and IT infrastructure problems including business continuity,
    data storage and management, information security, and numerous
    categories of IT infrastructure operations.
Business Continuity Management Software:
AS
    offers software solutions that help customers operate a
    comprehensive and professional business continuity plan across
    their enterprise and enable ongoing business operations in a
    crisis. AS software has flexible modular solutions that allow
    customers to add functionality as required. Modules are
    available to support business impact analysis, business
    continuity planning, incident response and emergency
    notification. The software solution leverages a common platform
    for data consistency, as well as standardized reporting for
    seamless automation of the business continuity process.
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Acquisitions
To complement our organic growth, we have a highly disciplined
    program to identify, evaluate, execute and integrate
    acquisitions. Generally, we seek to acquire businesses that
    broaden our existing product lines and service offerings by
    adding complementary products and service offerings and by
    expanding our geographic reach. During 2009, we spent
    approximately $12 million in cash to acquire three
    businesses.
The following table lists the businesses we acquired in 2009:
Acquired Company/Business
Date Acquired
Description
Performance Pathways, Inc.
03/01/09
Student assessment and curriculum solutions for K-12 school
    districts.
Genix Systems AG
04/01/09
Integrated CRM solution primarily for private banking in
    Switzerland and Luxembourg.
Ice Risk
05/04/09
Front-end real-time risk solution for commodities marketplace.
Product
    Development
We continually support, upgrade and enhance our systems and
    develop new products to meet the needs of our customers for
    operational efficiency and resilience and to leverage advances
    in technology. FS is transforming some of the key functionality
    of its core systems into components to form a new software
    development and on-demand delivery environment called Infinity.
    Infinity enables financial institutions to develop and deploy
    custom applications, integrating SunGard components with their
    own proprietary or third party components. Infinity uses
    SunGard's Common Services Architecture (CSA), a
    service-oriented architecture (SOA) development framework,
    offering business process management (BPM) and a virtualized,
    software-as-a-service (SaaS) infrastructure.
Our expenditures for software development during the years ended
    December 31, 2007, 2008 and 2009, including amounts that
    were capitalized, totaled approximately $297 million,
    $325 million and $318 million, respectively. In 2007,
    2008 and 2009, software development expenses were 8%, 8% and 7%,
    respectively, of revenue from software and processing solutions.
    These amounts do not include routine software support costs that
    are included in cost of sales, nor do they include costs
    incurred in performing certain customer-funded development
    projects in the ordinary course of business.
Marketing
Most of our FS and HE solutions are marketed throughout North
    America and Western Europe and many are marketed worldwide,
    including Asia-Pacific, Central and Eastern Europe, the Middle
    East, Africa and Latin America. Our AS and PS solutions are
    marketed primarily in North America and Europe, with a focus on
    both new accounts and existing accounts. Our revenue from sales
    outside the United States during the years ended
    December 31, 2007, 2008 and 2009 totaled approximately
    $1.48 billion, $1.64 billion and $1.67 billion,
    respectively.
Brand and
    Intellectual Property
We own registered marks for the SUNGARD name and own or have
    applied for trademark registrations for many of our services and
    software products.
To protect our proprietary services and software, we rely upon a
    combination of copyright, patent, trademark and trade secret
    law, confidentiality restrictions in contracts with employees,
    customers and others, software security measures, and registered
    copyrights and patents. We also have established policies
    requiring our personnel and representatives to maintain the
    confidentiality of our proprietary property. We have a few
    registrations of our copyrights and a number of patents and
    patent applications pending. We will continue to apply for
    software and business method patents on a
case-by-case
basis and will continue to monitor ongoing developments in the
    evolving software and business method patent field (see
    "Risk Factors").
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Competition
Because most of our computer services and software solutions are
    specialized and technical in nature, most of the niche areas in
    which we compete have a relatively small number of significant
    competitors. Some of our existing competitors and some potential
    competitors have substantially greater financial, technological
    and marketing resources than we have (see "Risk
    Factors").
Financial Systems.
In our FS business, we
    compete with numerous other data processing and software vendors
    that may be broadly categorized into two groups. The first group
    is comprised of specialized financial systems companies that are
    much smaller than we are. The second group is comprised of large
    computer services companies whose principal businesses are not
    in the financial systems area, some of which are also active
    acquirors. We also face competition from the internal processing
    and IT departments of our customers and prospects. The key
    competitive factors in marketing financial systems are the
    accuracy and timeliness of processed information provided to
    customers, features and adaptability of the software, level and
    quality of customer support, degree of responsiveness, level of
    software development expertise, total cost of ownership and
    return on investment. We believe that we compete effectively
    with respect to each of these factors and that our leadership,
    reputation and experience in this business are important
    competitive advantages.
Higher Education and Public Sector.
In our HE
    and PS businesses, we compete with a variety of other vendors
    depending upon customer characteristics such as size, type,
    location, computing environment and functional requirements. For
    example, different competitors serve educational institutions
    and government agencies of different sizes or types and in
    different states or geographic regions. Competitors in these
    businesses range from larger providers of generic enterprise
    resource planning systems to smaller providers of specialized
    applications and technologies. We also compete with outsourcers
    and systems integrators, as well as the internal processing and
    information technology departments of our customers and
    prospective customers. The key competitive factors in marketing
    higher education and public sector systems are the accuracy and
    timeliness of processed information provided to customers,
    features and adaptability of the software, level and quality of
    customer support, degree of responsiveness, level of software
    development expertise and overall net cost. We believe that we
    compete effectively on each of these factors and that our
    leadership, reputation and experience in these businesses are
    important competitive advantages.
Availability Services.
In our AS business, our
    greatest source of competition for recovery and advanced
    recovery services is in-house dedicated solutions, which are
    solutions that our customers or prospective customers develop
    and maintain internally instead of purchasing from a vendor such
    as us. Historically, our single largest commercial competitor in
    the AS business for recovery and advanced recovery services has
    been IBM Corporation, which we believe is the only company other
    than ours that currently provides the full continuum of
    information availability services. We also face competition from
    specialized vendors, including hardware manufacturers,
    data-replication and virtualization software companies,
    outsourcers, managed hosting companies, IT services companies
    and telecommunications companies. Competition among managed or
    data center service providers is fragmented across various
    competitor types, such as major telecommunication providers,
    carrier neutral managed services providers, real estate
    investment trusts, IT outsourcers and regional colocation
    providers. We believe that we compete effectively with respect
    to the key competitive dimensions in the information
    availability industry, namely economies of scale, quality of
    infrastructure, scope and quality of services, including breadth
    of hardware platforms and network capacity, level and quality of
    customer support, level of technical expertise, vendor
    neutrality and price. We also believe that our experience and
    reputation as an innovator in information availability
    solutions, our proven track record, our financial stability and
    our ability to provide the entire portfolio of information
    availability services as a single vendor solution are important
    competitive advantages.
Employees
As of December 31, 2009, we had approximately
    20,700 employees. We believe that our success depends
    partly on our continuing ability to retain and attract skilled
    technical, sales and management personnel. While skilled
    personnel are in high demand and competition exists for their
    talents, we believe that we have been
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able to retain and attract highly qualified personnel (see
    "Risk Factors"). We believe that our employee
    relations are excellent.
Sustainable
    Development
We have a strong commitment to sustainability. The customers,
    communities and environment we do business with and in are
    increasingly influenced by sustainability issues. Most of our
    businesses already have established practices for recycling,
    conservation and disposal of hazardous materials. We believe in
    accountability, doing business ethically and doing the right
    thing. We remain dedicated to establishing a corporate culture
    of sustainable development to help ensure that SunGard can
    continue to take pride in what we do and the way we do it.
During 2009, we produced our first Sustainability Report. We
    have been collecting data since 2008 to establish a baseline
    carbon footprint. The primary sources of our carbon footprint
    are the electricity that we use to power our data centers and
    office facilities and the air travel that we undertake in the
    course of doing business. SunGard is a large consumer of
    electricity in our 5,000,000 square feet of data center and
    operations space. In our Availability Services business, we
    track and manage our utility bills in the U.S. and have
    installed Internet meters in the U.K. We track and report our
    carbon footprint using an environmental management system. For
    further information, please refer to SunGard's 2008
    Sustainability Report which is available at
http://sungard.com/aboutsungard/corporateresponsibility.aspx.
We also continued our partnerships with the World Business
    Council on Sustainable Development, The Green Grid organization
    and the Corporate Eco-Forum as part of our objective to work
    with companies across industries to implement best practices. We
    are a signatory to the Bali, Poznan and Copenhagen
    communiqués of the Prince of Wales's Corporate Leaders
    Group on Climate Change, and we are also partners of the
    Prince's Rainforest Project. During 2009, we also
    participated in the Environmental Defense Fund's Climate
    Corps program as part of Kohlberg Kravis Roberts' Green
    Portfolio Project.
Properties
    and Facilities
We lease space, primarily for availability services facilities,
    data centers, sales offices, customer support offices and
    administrative offices, in many locations worldwide. We also own
    some of our computer and office facilities. Our principal
    facilities include our leased Availability Services facilities
    in Philadelphia, Pennsylvania (640,000 square feet),
    Carlstadt, New Jersey (578,600 square feet), and Hounslow,
    England (195,000 square feet) and include our financial
    systems application service provider centers in Voorhees, New
    Jersey, Birmingham, Alabama, Burlington, Massachusetts, Hopkins,
    Minnesota; Ridgefield, New Jersey and Wayne, Pennsylvania.
    We believe that our leased and owned facilities are adequate for
    our present operations.
Legal
    Proceedings
We are presently a party to certain lawsuits arising in the
    ordinary course of our business. We believe that none of our
    current legal proceedings will be material to our business,
    financial condition or results of operations.
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MANAGEMENT
Our executive officers and directors are listed below.
Name
Age
Principal Position with SunGard Data Systems Inc.
Executive Officers
James E. Ashton III
51
Division Chief Executive Officer, Financial Systems
Kathleen Asser Weslock
54
Senior Vice President — Human Resources and Chief
    Human Resources Officer
Cristóbal Conde
50
President, Chief Executive Officer and Director
Harold C. Finders
54
Division Chief Executive Officer, Financial Systems
Till M. Guldimann
61
Vice Chairman
Ron M. Lang
58
Group Chief Executive Officer, Higher Education
Thomas J. McDugall
53
Chief Financial Officer, Financial Systems
Karen M. Mullane
45
Vice President and Controller
Brian Robins
51
Senior Vice President and Chief Marketing Officer
Gilbert O. Santos
50
Group Chief Executive Officer, Public Sector
Victoria E. Silbey
46
Senior Vice President — Legal and General Counsel
Richard C. Tarbox
57
Senior Vice President — Corporate Development
Robert F. Woods
55
Senior Vice President — Finance and Chief Financial
    Officer
Directors
Chinh E. Chu
43
Director
John Connaughton
44
Director
James H. Greene, Jr.
59
Director
Glenn H. Hutchins
54
Chairman of the Board of Directors
James L. Mann
76
Director
John Marren
47
Director
Sanjeev Mehra
51
Director
Julie Richardson
47
Director
Mr. Ashton has been Division Chief Executive Officer,
    Financial Systems, since 2007. Mr. Ashton was Group Chief
    Executive Officer, SunGard Trading, Treasury & Risk
    Management from 2005 to 2007. Mr. Ashton served as Group
    Chief Executive Officer, SunGard Trading and Risk Systems from
    1999 to 2005 and Group Chief Executive Officer, SunGard Treasury
    Systems from 2003 to 2005. From 1997 to 1999, he served as
    Senior Vice President and General Manager of a wealth management
    systems business that we acquired in 1997.
Ms. Asser Weslock has been Senior Vice
    President — Human Resources and Chief Human Resources
    Officer since 2006. From 2005 to 2006, Ms. Asser Weslock
    was head of Human Resources at Deloitte Financial Services LLP,
    and from 2001 to 2005 she was Director of Global Human Resources
    for Shearman & Sterling LLP, an international law
    firm. Ms. Asser Weslock has over twenty years of human
    resources experience as both a consultant and a practitioner.
Mr. Conde has been Chief Executive Officer since 2002,
    President since 2000 and a director since 1999. Mr. Conde
    served as Chief Operating Officer from 1999 to 2002 and
    Executive Vice President from 1998 to 1999. Before then,
    Mr. Conde was Chief Executive Officer of SunGard Trading
    Systems Group from 1991 to 1998. Mr. Conde was cofounder of
    a trading and risk systems business that we acquired in 1987.
    Mr. Conde is presently serving as Interim Group Chief
    Executive Officer, SunGard Availability Services.
Mr. Finders has been Division Chief Executive Officer,
    Financial Systems, since 2007. Mr. Finders was Group Chief
    Executive Officer, SunGard Europe from 2005 to 2007. From 2001
    to 2005, Mr. Finders headed the SunGard Investment
    Management Systems businesses based in Europe. From 1996 to
    2001, he held
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various senior management positions with us overseeing a number
    of our European financial systems businesses. Mr. Finders
    headed a Geneva-based wealth management systems business that we
    acquired in 1996.
Mr. Guldimann has been Vice Chairman since 2002. He was our
    Senior Vice President, Strategy and a member of our board of
    directors from 1999 to 2002. Mr. Guldimann was Vice
    Chairman from 1997 to 1999 and Senior Vice President from 1995
    to 1997 of a trading and risk systems business that we acquired
    in 1998.
Mr. Lang has been Group Chief Executive Officer, SunGard
    Higher Education since 2009 and Group Chief Executive Officer,
    Enterprise Solutions Group from 2005 until January 2009. He was
    Chief Product Officer — Financial Systems from January
    to December 2005. From 2000 to 2005, Mr. Lang was Group
    Chief Executive Officer, SunGard Trading Systems and was
    responsible for our SunGard Brokerage Systems and SunGard
    Financial Networks groups from 2003 to January 2005.
    Mr. Lang was Vice President of Marketing from 1997 to 1998
    and President from 1998 to 2000 of a trading and risk systems
    business that we acquired in 1998.
Mr. McDugall has been Senior Vice President, Financial
    Systems Chief Financial Officer since 2006. From 2005 to 2006 he
    served as Group Chief Financial Officer for several groups
    within Financial Systems. From 1994 to 2005, Mr. McDugall
    held various positions with us. Mr. McDugall is a director
and/or
officer of most of our domestic subsidiaries.
Ms. Mullane has been Vice President and Controller since
    2006, Vice President and Director of SEC Reporting from 2005 to
    2006, Director of SEC Reporting from 2004 to 2005 and Manager of
    SEC Reporting from 1999 to 2004. From 1997 to 1999, she was Vice
    President of Finance at NextLink Communications of Pennsylvania
    and, from 1994 to 1997, she was Director of Finance at EMI
    Communications. Ms. Mullane is a director
and/or
officer of most of our domestic subsidiaries.
Mr. Robins has been Senior Vice President — Chief
    Marketing Officer since 2005. From 2003 to 2005, he was Senior
    Vice President — Corporate Marketing and was Vice
    President — Corporate Marketing from 2000 to 2003.
    From 1995 to 2000, Mr. Robins held various marketing
    positions, including Vice President — Marketing, with
    a trading and risk systems business that we acquired in 1998.
Mr. Santos has been Group Chief Executive Officer, SunGard
    Public Sector since 2007. Mr. Santos held various senior
    executive positions, including most recently President and Chief
    Executive Officer, with a business that we acquired in 2003 and
    that he joined in 1998. From 1983 to 1998, Mr. Santos held
    various executive positions at Motorola, Inc., including
    Director of the Public Sector Solutions Division and Land Mobile
    Sector Strategy Office.
Ms. Silbey has been Senior Vice President — Legal
    and General Counsel since 2006 and Vice President —
    Legal and General Counsel from 2005 to 2006. From 1997 to 2005,
    Ms. Silbey held various legal positions with us, including
    Vice President — Legal and Assistant General Counsel
    from 2004 to 2005. From 1991 to 1997, she was a lawyer with
    Morgan, Lewis & Bockius LLP, Philadelphia.
    Ms. Silbey is a director and officer of most of our
    domestic and foreign subsidiaries.
Mr. Tarbox has been Senior Vice President —
    Corporate Development since 2001 and was Vice
    President — Corporate Development from 1987 to 2001.
Mr. Woods has been Senior Vice President —
    Finance and our Chief Financial Officer since January 2010. From
    2004 to 2009, Mr. Woods was chief financial officer of IKON
    Office Solutions, a document management systems and services
    company. Previously, he served as vice president and controller
    and vice president and treasurer at IBM Corporation and vice
    president, finance for IBM Asia-Pacific. Mr. Woods is
    currently a director of Insight Enterprises, Inc.
Mr. Chu has been a Director since 2005. Mr. Chu is a
    Senior Managing Director in the Corporate Private Equity group
    of The Blackstone Group, a private equity firm which he joined
    in 1990. Mr. Chu serves on the Boards of Directors of
    Alliant Insurance Services, Inc., Bank United, Bayview, Catalent
    Pharma Solutions, Inc., DJO Incorporated, Graham Packaging
    Company Inc. and HealthMarkets, Inc. and previously served on
    the Board of Directors of Celanese Corporation.
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Mr. Connaughton has been a Director since 2005.
    Mr. Connaughton has been a Managing Director of Bain
    Capital Partners, LLC, a global private investment firm, since
    1997 and a member of the firm since 1989. Mr. Connaughton
    serves on the Boards of Directors of Clear Channel, CRC Health
    Group, Quintiles Transnational Corp., The Boston Celtics, Warner
    Chilcott, Warner Music Group Corp. and Hospital Corporation of
    America and previously served on the Board of Directors of AMC
    Theatres and Stericycle Inc.
Mr. Greene has been a Director since 2005. Mr. Greene
    joined Kohlberg Kravis Roberts & Co. LP, a global
    alternative asset management firm ("KKR"), in 1986 and
    was a General Partner of KKR from 1993 until 1996, when he
    became a member of KKR & Co. L.L.C. until October
    2009. Mr. Greene is currently a member of KKR Management,
    LLC, which is the general partner of KKR & Co. L.P.
    Mr. Greene serves on the Board of Directors of Aricent
    Inc., Avago Technologies Limited, TASC, Inc., Western New York
    Energy, LLC and Zhone Technologies, Inc. and previously served
    on the Board of Directors of Accuride Corporation, Alliance
    Imaging, Inc., Owens — Illinois, Inc., Shoppers Drug
    Mart Corporation and Sun Microsystems, Inc.
Mr. Hutchins has been Chairman of the Board of Directors
    since 2005. Mr. Hutchins is a co-founder and Co-Chief
    Executive of Silver Lake, a technology investment firm that was
    established in 1999. Mr. Hutchins serves on the Board of
    Directors of The Nasdaq OMX Group, Inc. and previously served on
    the Board of Directors of Gartner, Inc., Seagate Technology and
    TD Ameritrade Holding Corp.
Mr. Mann has been a Director since September 2006 and has
    been employed by SunGard since 1983. Mr. Mann served as
    Chairman of the Board from 1987 to 2005 and as a Director from
    1983 to 1986. Mr. Mann served as Chief Executive Officer
    from 1986 to 2002, President from 1986 to 2000, and Chief
    Operating Officer from 1983 to 1985. Mr. Mann serves on the
    Board of Directors of athenahealth, Inc.
Mr. Marren has been a Director since 2005. Mr. Marren
    joined TPG Capital LP, a private equity firm, in 2000 as a
    partner and leads the firm's technology team. From 1996 to
    2000, he was a Managing Director at Morgan Stanley. From 1992 to
    1996, he was a Managing Director and Senior Semiconductor
    Research Analyst at Alex Brown & Sons. Mr. Marren
    is currently the Chairman of the Board of MEMC Electronic
    Materials, Inc. and serves on the Board of Directors of Aptina,
    Avaya Inc., Freescale Semiconductor Inc., Intergraph Corp. and
    Isola Group SARL and previously served on the Board of Directors
    of ON Semiconductor Corporation and Conexant Systems Inc.
Mr. Mehra has been a Director since 2005. Mr. Mehra
    has been a partner of Goldman, Sachs & Co. since 1998
    and a Managing Director of Goldman, Sachs & Co.'s
    Principal Investment Area of its Merchant Banking Division since
    1996. He serves on the Boards of Directors of ARAMARK
    Corporation, Burger King Corporation, First Aviation Services,
    Inc., Hawker Beechcraft, Inc., KAR Auction Services, Inc. and
    Sigma Electric and previously served on the Board of Directors
    of Nalco Holding Company and Hexcel Corporation.
Ms. Richardson has been a Director since 2005.
    Ms. Richardson has been a Managing Director of Providence
    Equity Partners since 2003 and oversees the New York-based team.
    Between 1998 and 2003, Ms. Richardson held various roles at
    JPMorgan, including Vice Chairman of the firm's investment
    banking division and Global Co-Head of the firm's Telecom,
    Media and Technology group. Prior to joining JPMorgan in 1998,
    Ms. Richardson was a Managing Director at Merrill Lynch,
    where she spent over 11 years. Ms. Richardson serves
    on the Boards of Directors of Altegrity, Open Solutions Inc. and
    Stream Global Services.
The Amended and Restated Certificate of Incorporation of SCC is
    structured to permit the holders of specific classes of
    Class A common stock representing funds affiliated with
    each Sponsor group to elect separate directors (the
    "Sponsor Directors") and also allows for the holders
    of all outstanding common stock to elect the chief executive
    officer as an additional director (the "CEO
    director"). The Principal Investor Agreement dated
    August 10, 2005 by and among the four parent companies and
    the Sponsors further contains agreements among the parties with
    respect to the election of our directors. Each Sponsor is
    entitled to elect one representative to the Board of Directors
    of SCC, which will then cause the Board of Directors or
    Managers, as applicable, of the other three parent companies and
    of SunGard to consist of the same members. In August 2005, in
    accordance with both the Amended and Restated Certificate of
    Incorporation of SCC and the Principal Investor Agreement, each
    of Ms. Richardson and Messrs. Chu, Connaughton,
    Greene, Hutchins,
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Marren and Mehra were elected to the Boards as Sponsor Directors
    and Mr. Conde was elected to the Boards as the CEO Director.
In accordance with the charter of the Nominating and Corporate
    Governance Committee, to the extent consistent with applicable
    agreements, the Nominating and Corporate Governance Committee
    will identify, recommend and recruit qualified candidates to
    fill new positions on the Boards and will conduct the
    appropriate and necessary inquiries into the backgrounds and
    qualifications of possible candidates. In September 2006, James
    L. Mann was selected to serve as a director due to his extensive
    business and management expertise from having served as
    SunGard's chief executive officer from 1986 to 2002, his
    acute business judgment, and his extensive knowledge of the
    industries in which the Company operates.
As a group, the Sponsor Directors possess experience in owning
    and managing enterprises like the Company and are familiar with
    corporate finance, strategic business planning activities and
    issues involving stakeholders more generally. All of the
    Company's directors possess high ethical standards, act
    with integrity, and exercise careful, mature judgment. Each is
    committed to employing their skills and abilities to aid the
    long-term interests of the stakeholders of the Company.
The Board has determined that Mr. Connaughton qualifies as
    an "audit committee financial expert" within the
    meaning of regulations adopted by the Securities and Exchange
    Commission. Mr. Connaughton is not an independent director
    because of his affiliation with Bain Capital Partners, LLC, the
    affiliated funds of which hold a 13.70% equity interest in SCC
    and SCCII (collectively referred to as the "Parent
    Companies").
We adopted a Global Business Conduct and Compliance Program that
    is applicable to our directors and employees, including the
    chief executive officer, chief financial officer and controller.
    The Global Business Conduct and Compliance Program is available
    on our website at www.sungard.com/corporateresponsibility. A
    free copy of our Global Business Conduct and Compliance Program
    may be requested from:
SunGard Data Systems Inc.
Chief Compliance Officer
680 East Swedesford Road
Wayne, PA 19087
If we make any substantive amendments to the Global Business
    Conduct and Compliance Program which apply to our chief
    executive officer, chief financial officer or controller or
    grant any waiver, including any implicit waiver, from a
    provision of the Global Business Conduct and Compliance Program
    to our directors or executive officers, we will disclose
    the nature of the amendment or waiver on our website at
    www.sungard.com/corporateresponsibility or in a report on
Form 8-K.
Executive
    Compensation
Compensation
    Discussion and Analysis
This section discusses the principles underlying our executive
    compensation policies and decisions. It provides qualitative
    information regarding the manner in which compensation is earned
    by our executive officers and places in context the data
    presented in the tables that follow. In addition, in this
    section, we address the compensation paid or awarded during
    fiscal year 2009 to our chief executive officer (principal
    executive officer), chief financial officer (principal financial
    officer) and three other executive officers who were the most
    highly compensated executive officers in fiscal year 2009. We
    refer to these five executive officers as our "named
    executives."
Our executive compensation program is overseen and administered
    by the Compensation Committee. The Compensation Committee
    operates under a written charter adopted by our Board and has
    responsibility for discharging the responsibilities of the Board
    of Directors relating to the compensation of the Company's
    executive officers and related duties. Management, including our
    chief executive officer, or CEO, evaluates a number of factors
    in developing cash and equity compensation recommendations to
    the Compensation Committee for its consideration and approval.
    Following this in-depth review and in consultation with
    management, our CEO makes compensation recommendations for our
    corporate executive officers and our
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named executives, including the CEO, to the Compensation
    Committee based on his evaluation of each officer's
    performance, expectations for the coming year and market
    compensation data. Our CEO also provides an overview of
    compensation for other executive officers. The Compensation
    Committee reviews these proposals and makes all final
    compensation decisions for corporate executive officers and
    named executives by exercising its discretion in accepting,
    modifying or rejecting any management recommendations, including
    any recommendations from our CEO.
Objectives
    of Our Compensation Program
Our executive compensation program is intended to meet three
    principal objectives:
•
to provide competitive compensation packages to attract and
    retain superior executive talent;
•
to reward successful performance by the executive and the
    Company by linking a significant portion of compensation to
    future financial and business results; and
•
to further align the interests of executive officers with those
    of our ultimate stockholders by providing long-term equity
    compensation and meaningful equity ownership.
To meet these objectives, our compensation program balances
    short-term and long-term performance goals and mixes fixed and
    at-risk compensation that is directly related to stockholder
    value and overall performance.
Our compensation program for senior executives, including the
    named executives, is designed to reward Company performance. The
    compensation program is intended to reinforce the importance of
    performance and accountability at various operational levels,
    and therefore a significant portion of total compensation is in
    both cash and stock-based compensation incentives that reward
    performance as measured against established goals, i.e.,
    "pay for performance." Each element of our
    compensation program is reviewed individually and considered
    collectively with the other elements of our compensation program
    to ensure that it is consistent with the goals and objectives of
    both that particular element of compensation and our overall
    compensation program. For each named executive, we look at each
    individual's contributions to our overall results, our
    operating and financial performance compared with the targeted
    goals, and our size and complexity compared with companies in
    our compensation peer group.
Elements
    of Our Executive Compensation Program
In 2009, the principal elements of compensation for named
    executives were:
•
annual cash compensation consisting of base salary and
    performance-based incentive bonuses;
•
long-term equity incentive compensation;
•
benefits and perquisites; and
•
severance compensation and change of control protection.
Annual
    Cash Compensation
Management, including our CEO, develops recommendations for
    annual executive cash compensation plans by using compensation
    survey data for a broad set of organizations of comparable
    business, size and complexity, and then compares the survey
    results to publicly available compensation data for a group of
    companies we consider to be our peer group. We believe that the
    compensation practices of these companies provide us with
    appropriate benchmarks because they also provide technology
    products and services to a variety of customers and compete with
    us for executives and other employees.
The survey data used for 2009 compensation purposes comes from
    two sources: Radford Executive Benchmark Survey, which focuses
    on technology companies; and Towers Perrin Compensation Data
    Bank, which focuses on a broader array of organizations
    including professional services, high-tech and manufacturing
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companies. For purposes of establishing compensation
    recommendations, we use a blend of the Radford and Towers Perrin
    survey data to reflect our size and industry.
From the Radford survey data for our corporate-level named
    executives, we assessed compensation from 211 public and private
    companies using a weighted average of 25% for companies with
    annual revenues between $1 billion and $3 billion and
    a 75% weighted average for companies with annual revenues over
    $3 billion. From the Radford survey data for our
    division-level named executives, we assessed compensation from
    193 public and private companies with annual revenues from
    $0.5 billion to $3 billion. From the Towers Perrin
    survey data we assessed compensation of 103 companies with
    annual revenues statistically regressed to $5.5 billion for
    our corporate-level named executives and 142 companies with
    annual revenues statistically regressed to the applicable
    SunGard division's revenue for our division-level named
    executives.
The companies we consider within our peer group are financial
    services and software companies of similar industry and revenue
    as the Company, and some of which various businesses within the
    Company compete against for business and for talent. Peer group
    compensation data is limited to publicly available information
    and therefore generally does not provide precise comparisons by
    position as offered by the more comprehensive survey data from
    Radford and Towers Perrin. As a result, the peer group data
    provides limited guidance and does not dictate the setting of
    executive officers' compensation. The following companies
    comprised our peer group in 2009:
Automatic Data Processing, Inc.
BMC Software, Inc.
Broadridge Financial Solutions, Inc.
Computer Sciences Corporation
Convergys Corporation
DST Systems, Inc.
Fidelity National Information
Services, Inc.
Fiserv, Inc.
Iron Mountain Incorporated
MasterCard Incorporated
Paychex, Inc.
SEI Investments Company
The Western Union Company
Our annual cash compensation packages for executive officers
    include base salary and a performance-based executive incentive
    compensation ("EIC") bonus. We generally target the
    60th percentile of the survey data as our benchmark for
    base salary and the 85th percentile as our benchmark for
    total on-target cash compensation. Because we pay for
    performance, we weight the cash compensation more heavily toward
    the performance incentives and less toward the base salary.
In early 2009, because the economic outlook remained uncertain
    and in order to best position our Company to emerge from the
    economic crisis stronger, we determined that there would be no
    2009 increases of salary or target EIC bonus for employees,
    including the named executives.
Base Salary.
For base salary, we generally
    target the 60th percentile of the blended survey data to
    provide a fixed compensation based on competitive market
    practice that is not subject to performance risk while also
    considering other factors, such as individual and Company
    performance. We review the base salaries for each named
    executive annually as well as at the time of any promotion or
    significant change in job responsibilities. Base salaries are
    determined for each named executive based on his or her position
    and responsibility by using survey data. Salary for each named
    executive for calendar year 2009 is reported in Table
    1 — Summary Compensation Table below.
Performance-Based Incentive Compensation.
The
    annual EIC bonus for executive officers is designed to reward
    our executives for the achievement of annual financial goals
    related to the business for which they have responsibility. A
    minimum incentive may be earned at threshold EIC goals, which
    are set generally at levels that reflect an improvement over
    prior year results, and no payment is awarded if the threshold
    goal is not achieved. On-target EIC goals are set generally at
    levels that reflect budgeted performance. Consistent with our
    focus on pay for performance, additional amounts can be earned
    when actual performance exceeds on-target performance.
    Additional mid-point goals between threshold and target with
    corresponding incentive amounts are also established. The
    Company may revise or cancel an executive's EIC at any time
    as a result of a significant change in circumstances or the
    occurrence of an unusual event that was not anticipated when the
    performance plan was approved. Internal EBITA targets are
    adjusted to take into account acquisitions
and/or
dispositions which were not included in the budgeted EIC targets
    and other one-time adjustments as approved by the Compensation
    Committee.
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The financial measures used for the 2009 EIC bonuses for the
    named executives were one or both of the following:
    (i) Internal EBITA, which represents actual earnings before
    interest, taxes and amortization, noncash stock compensation
    expense, management fees paid to the Sponsors and certain other
    unusual items and (ii) budgeted revenue growth of the
    Company's business segments. These metrics were selected as
    the most appropriate measures upon which to base the 2009 EIC
    bonuses for the named executives because they are important
    metrics that management and the Sponsors use to evaluate the
    performance of the Company. While we have established threshold,
    mid-point, and on-target Internal EBITA goals, as set forth in
    the table below, EIC bonuses may be increased if the applicable
    Internal EBITA goal is exceeded. As a result, the named
    executives may be entitled to receive an increase in bonus equal
    to a small percentage of the amount by which the applicable
    Internal EBITA goal is exceeded. We refer to any such increase
    in the bonus as an "override." Because the 2009
    on-target goal was lower than the 2008 on-target goal as a
    result of the impact of the economic crisis on the Company, it
    was determined that for the corporate-level named executives,
    Messrs. Conde, Ruane and Tarbox, (i) if the actual
    2009 Internal EBITA is above the 2009 Internal EBITA goal but
    below the actual 2008 Internal EBITA, they would receive 1/3 of
    the applicable override; and (ii) if the actual 2009
    Internal EBITA exceeds the actual 2008 Internal EBITA, they
    would receive the override amount described in clause (i)
    plus an amount equal to the override rate multiplied by the
    amount by which the actual 2009 Internal EBITA exceeds actual
    2008 Internal EBITA. For our division-level named executives,
    Messrs. Ashton and Finders, EIC bonuses earned on the
    achievement of Internal EBITA goals were also subject to a
    multiplier that, depending upon the achievement of
year-over-year
revenue growth goals of the Financial Systems segment, could
    result in a further increase or decrease of any bonus earned
    based on the achievement of Internal EBITA goals. As set forth
    in the table below, the multiplier ranged from 0 to 1.5, meaning
    that revenue growth results could reduce or increase amounts
    earned by these named executives based on the achievement of
    Internal EBITA goals; with a multiplier of 1 resulting in no
    adjustment to the award established by the Internal EBITA goals.
The following table provides the 2009 threshold, mid-point and
    on-target Internal EBITA goals for the named executives and the
    EIC bonuses paid to them based on actual results from 2009:
Actual 2009
Internal EBITA Goals
EIC Bonus
Name and Type of Internal EBITA Goal
Threshold
Mid-Point
On-Target
Payment
(In thousands)
Cristóbal Conde
$
1,054,000
$
1,081,000
$
1,109,000
$
2,168,428
(1)
Consolidated Company Internal EBITA
Michael J. Ruane
$
1,054,000
$
1,081,000
$
1,109,000
$
808,996
(1)
Consolidated Company Internal EBITA
James E. Ashton III
$
529,985
$
543,932
$
557,879
$
1,355,091
(2)
Financial Systems Segment Internal EBITA
Harold C. Finders
$
529,985
$
543,932
$
557,879
$
1,365,180
(2)
Financial Systems Segment Internal EBITA
Richard C. Tarbox(2)
$
1,054,000
$
1,081,000
$
1,109,000
$
808,996
(1)
Consolidated Company Internal EBITA
(1)
Represents the EIC bonus earned as a result of the consolidated
    Company exceeding the on-target 2009 Internal EBITA goal but not
    the actual 2008 Internal EBITA. Thus, the bonus amount earned
    reflects the on-target EIC amount plus 1/3 of the applicable
    override.
(2)
Represents the EIC bonus earned as a result of the Financial
    Systems Segment exceeding the on-target 2009 Internal EBITA
    goal. Thus, the bonus amount earned reflects the on-target EIC
    amount plus the override. The revenue multiplier applicable to
    the 2009 EBITA incentive amounts earned was 1 in 2009;
    therefore, it did not increase or decrease the incentive payment
    earned based on the achievement of the on-target Internal EBITA
    goal.
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The following table provides the low, target and maximum
    multiplier applicable to the 2009 Internal EBITA incentive
    amounts earned by Messrs. Ashton and Finders, which is
    based on the percentage increase or decrease in revenue of the
    Financial Systems segment as compared to the prior year.
0 Multiplier
1 Multiplier
1.5 Multiplier
Actual 2009
Name
Low
Target
Max
Multiplier
James E. Ashton III
(2.0
)%
0.5-7.0
%
7.0
%
1
Financial Systems Segment Revenue Growth (% increase/(decrease)
    over prior year)
Harold C. Finders
(2.0
)%
0.5-7.0
%
7.0
%
1
Financial Systems Segment Revenue Growth (% increase/(decrease)
    over prior year)
Long-Term
    Equity Compensation
We intend for our equity program to be the primary vehicle for
    offering long-term incentives and rewarding our executive
    officers, managers and key employees. Because of the direct
    relationship between the value of an option or restricted stock
    unit on Units ("RSU") award and the value of our
    stock, we believe that granting a combination of Class A
    options and RSUs ("hybrid awards") is the best method
    of motivating our executive officers to manage our Company in a
    manner that is consistent with the interests of our Company and
    our stockholders. We also regard our equity program as a key
    retention tool. Retention is an important factor in our
    determination of the type of award to grant and the number of
    underlying Units or shares to grant.
In 2005 in connection with the Transaction, executive officers
    and other managers and key employees were granted a combination
    of time-based and performance-based options to purchase equity
    in the Parent Companies. The size of these initial option grants
    were commensurate with the executive's position,
    performance and tenure with the Company and were agreed to in
    connection with the Transaction. These grants were intended to
    cover the period between the grant date and December 31,
    2010, absent promotions or other unusual circumstances. In 2007,
    Mr. Finders received an option award due to his promotion
    to Division Chief Executive Officer, Financial Systems. In
    2009, Messrs. Ashton, Finders and Tarbox received hybrid
    awards for outstanding performance in difficult economic
    conditions and for retention purposes. Additional information on
    all 2009 and outstanding grants to the named executives is shown
    in Table 2 — 2009 Grants of Plan-Based Awards and
    Table 3 — Outstanding Equity Awards at 2009 Fiscal
    Year-End below.
Performance-based options granted to the named executives in
    2005 and 2007 vest upon the attainment of certain annual or
    cumulative earnings goals based on Internal EBITA targets for
    the Company during a specified performance period, generally
    five or six years. The annual vesting goals for the
    performance-based options were agreed to by the Sponsors and
    senior management in 2005 in connection with the Transaction and
    require sustained and superior company-wide performance in each
    of the years in the performance period but allow for additional
    vesting for over performance.
In 2009, the performance-based equity awards were amended. As a
    result of the general economic situation, the turbulence in the
    financial services industry and continued uncertainty in the
    markets, the original performance targets established in 2005
    and the benefit of accelerated vesting for senior executives in
    certain liquidity events were determined to not be achievable.
    The performance-based equity held by named executives was
    amended to, among other things:
•
Reduce the performance targets for 2009 and 2010 to reflect the
    Company's enterprise-wide EBITA budget for the 2009 and
    2010 calendar years.
•
At the amended targets, the number of shares earned depends on
    the percentage of the amended target that is achieved between
    95% and 106.25%.
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•
If between 95% and 100% of the amended target is achieved, the
    number of shares that will be earned will be determined by
    interpolation at a specified linear rate based on the
    Company's actual EBITA results.
•
If 100% of the amended target is achieved, approximately 72% of
    the shares that would have been earned if 100% of the original
    targets were achieved will be earned.
•
If the amended target is achieved between 100% and 106.25%, an
    additional portion of the remaining 28% of the shares that could
    be earned for the year will be earned pro rata.
•
If 106.25% of the amended target is achieved, the maximum number
    of shares that can be earned is the number that would have been
    earned in such year under the performance awards' current
    terms if 100% of the original target had been achieved. In no
    case can 100% of the shares underlying the performance awards
    for 2009 and 2010 be earned solely under the amended targets.
•
For each of 2009 and 2010, if the original target is achieved
    between 100% and 106.25%, then the remaining eligible shares for
    that year will be earned pro rata based on the Company's
    attainment of the original target between 100% and 106.25%.
•
For each of 2009 and 2010, any shares earned will vest as
    follows: 25% of the earned award will vest on December 31 of the
    applicable calendar year, and the remaining 75% will vest in
    equal monthly installments over the next 36 months, subject
    to continued employment. If the named executive's
    employment is terminated by the Company without cause or by the
    named executive for good reason or on account of his disability
    or death or if a change in control of the Company occurs after
    2009 or 2010, the unvested portion of the earned award for each
    of 2009 and 2010 will vest upon such event.
•
For the named executives and certain other senior executives
    only, the performance-based awards were also amended to extend
    through 2013 the awards' ability to vest on an accelerated
    basis in the event of a change in control of the Company. The
    amended awards will vest on an accelerated basis if a change in
    control transaction results in (i) the Company's
    investors receiving an amount constituting at least 300% of
    their initial equity investment in the Company and any
    subsequent equity investments and (ii) achievement of an
    internal rate of return by the Company's investors of at
    least 14%. Any portion of the awards that accelerate will vest
    on the one-year anniversary of the change in control, provided
    the executive remains employed with the Company through such
    date. If an executive terminates employment without cause,
    resigns for good reason, dies or becomes disabled during the
    one-year period following the change in control, the amount that
    would otherwise vest on the one-year anniversary will accelerate.
The amendments to the EBITA targets in each of the named
    executive's awards are the same as the 2009 amendments made
    to outstanding performance-based options and RSUs held by other
    Company employees.
The performance-based equity awarded in 2009 to the named
    executives have the same performance targets and vesting
    schedule for calendar years 2009 and 2010 as the amended
    performance-based equity awards described above. With respect to
    calendar years 2011 — 2013, vesting will occur upon
    the attainment of certain annual or cumulative earnings goals
    based on Internal EBITA targets for the Company for each year.
Based upon actual year-end 2009 results, 7.20% of each 2005
    performance-based option award vested out of a maximum of 16.67%
    available to vest each of six years in the performance period,
    and 8.64% of each 2007 and 2009 performance-based equity award
    vested out of a maximum of 20% available to vest each of five
    years in the performance period.
Benefits
    and Perquisites
We offer a variety of health and welfare programs to all
    eligible employees, including the named executives. The named
    executives are eligible for the same benefit programs on the
    same basis as the rest of the Company's employees in the
    particular country in which the named executive resides,
    including medical
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and dental care coverage, life insurance coverage, short-and
    long-term disability and a 401(k) or defined contribution
    pension plan.
The Company limits the use of perquisites as a method of
    compensation and provides executive officers with only those
    perquisites that we believe are reasonable and consistent with
    our overall compensation program to better enable the Company to
    attract and retain superior employees for key positions. The
    perquisites provided to the named executives include leased
    automobiles and related tax
gross-ups
and are quantified in Table 1 — Summary Compensation
    Table below.
Employment
    Agreements, Severance Compensation & Change of Control
    Protection
In connection with the Transaction, the Company entered into
    definitive employment agreements with certain senior managers,
    including the named executives. The executives with such
    agreements are eligible for payments if employment terminates or
    if there is a change of control, as described under
    "Potential Payments on Termination or Change of
    Control" below. The agreements were designed to retain
    executives and provide continuity of management in the event of
    an actual or threatened change of control.
The agreements include the following terms:
•
A term through December 31, 2010, with one-year automatic
    renewals unless terminated on one year's advance notice.
•
The same base salary as that payable by the Company prior to the
    Transaction, subject to annual adjustments, if any, made by the
    Board of Directors or the Compensation Committee of the Board,
    in consultation with the CEO. See "Base Salary" above
    for a description of the determination of base salary for the
    Company's senior management.
•
The opportunity to earn an annual cash bonus provided that the
    aggregate bonus opportunity for the senior management as a group
    will be consistent with that provided by the Company to
    executives as a group prior to the Transaction, although the
    Board of Directors may re-align the performance metrics and
    other terms in consultation with the CEO. See
    "Performance-Based Incentive Compensation" above for a
    description of the determination of cash bonuses for the
    Company's senior management.
•
Employee benefits consistent with those provided by the Company
    to executives prior to the Transaction, including the right to
    participate in all employee benefit plans and programs.
•
Participation in the equity plan of SCC and SCCII.
•
The right to receive certain severance payments, including upon
    a termination without "cause," a resignation for
    "good reason" or a change of control, consistent with
    the severance payments provided for under the change of control
    agreement with the Company in effect prior to the Transaction.
    See "Potential Payments Upon Termination or Change of
    Control" below.
•
Certain restrictive covenants (noncompetition, confidentiality
    and nonsolicitation) that continue for applicable
    post-termination periods.
•
The right to receive a tax
gross-up
payment should any payment provided under the agreement be
    subject to the excise tax under section 4999 of the
    Internal Revenue Code of 1986, as amended.
In addition, under the terms of the equity awards made to
    executives, full or partial acceleration of vesting of equity
    occurs if a change of control takes place or due to certain
    other termination events. These arrangements and potential
    post-employment termination compensation payments are described
    in more detail in the section entitled "Potential Payments
    Upon Termination or Change of Control" below.
Mr. Ruane resigned from his position as chief financial
    officer of the Company effective January 1, 2010, but
    remains an employee of the Company in the role of chief
    financial officer of the Company's Availability
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Services business. The Company and Mr. Ruane entered into
    an addendum dated December 23, 2009 (the
    "Addendum") to his employment agreement. The terms of
    the Addendum include the following:
•
Mr. Ruane's annual salary and executive incentive
    compensation plan will remain unchanged and shall be reviewed
    annually pursuant to the Company's normal compensation and
    performance review policies for senior level executives.
•
An equity grant of 7,535 RSUs and 18,975 Class A options,
    which grant was approved by the Compensation Committee on
    February 18, 2010.
•
A total payment of $3,646,538, to be paid in equal semi-monthly
    installments over 24 months commencing January 1, 2010
    and ending December 31, 2011, subject to
    Mr. Ruane's continued employment.
•
If Mr. Ruane's employment is terminated without cause
    or due to his death or disability before December 31, 2011,
    any remaining unpaid payments will be paid in a lump sum payment
    within 30 days after the date of termination of employment.
•
If Mr. Ruane's employment is terminated for cause or
    on account of voluntary termination before December 31,
    2011, all such payments shall cease.
•
If a change of control of the Company or a sale of the
    Company's Availability Services business occurs before
    December 31, 2011 while Mr. Ruane is employed by the
    Company, any remaining unpaid payments will be paid in a lump
    sum payment upon or within 30 days after the change of
    control of the Company or sale of the Company's
    Availability Services business, as applicable.
•
No other severance amounts shall be payable to or on behalf of
    Mr. Ruane under Section 2.1 of the Employment
    Agreement under any circumstances.
Accounting
    and Tax Implications
The accounting and tax treatment of particular forms of
    compensation do not materially affect the Compensation
    Committee's compensation decisions. However, we evaluate
    the effect of such accounting and tax treatment on an ongoing
    basis and will make appropriate modifications to compensation
    policies where appropriate.
Stock
    Ownership
The Company does not have a formal policy requiring stock
    ownership by management. Our senior managers, including the
    named executives, however, have committed significant personal
    capital to our Company in connection with the Transaction. See
    "Beneficial Ownership" below.
2010
    Compensation Update
In 2010, we made changes to the annual EIC bonus to ensure that
    we reward performance that is consistent with the our goals and
    appropriately balance short- and long-term incentives. The total
    2010 EIC bonus (including any override earned) will be capped at
    1.75 times the target EIC bonus for our corporate-level senior
    executives and at 3.0 times the target EIC bonus for our
    division-level senior executives.
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Table of Contents
Summary
    Compensation Table
The following table contains certain information about
    compensation earned in 2009, 2008 and 2007 by the named
    executives.
Table
    1 — Summary Compensation Table
Change in
Pension
Value and
Non-Equity
Nonqualified
Incentive
Deferred
Plan
Compen-
All Other
Stock
Option
Compen-
sation
Compen-
Salary
Bonus
Awards(1)
Awards(1)
sation(2)
Earnings
sation(3)
Total
Name and Principal Position
Year
($)
($)
($)
($)
($)
($)
($)
($)
Cristóbal Conde
2009
931,000
—
—
—
2,168,428
—
57,879
3,157,307
President, Chief Executive
2008
931,000
—
—
—
1,946,000
—
47,588
2,924,588
Officer and Director
2007
887,000
—
—
—
1,883,400
—
46,110
2,816,510
Michael J. Ruane(4)
2009
454,000
—
—
—
808,996
—
54,599
1,317,595
Former Senior Vice
2008
454,000
—
—
—
726,000
—
46,712
1,226,712
President — Finance and
2007
430,000
—
—
—
698,851
—
40,145
1,168,996
Chief Financial Officer
James E. Ashton III(5)
2009
510,000
—
359,244
13,285
1,355,091
—
57,049
2,294,669
Division Chief Executive
2008
510,000
—
—
—
770,130
—
51,084
1,331,214
Officer
2007
468,500
—
—
—
2,061,346
—
49,573
2,579,419
Harold C. Finders(6)
2009
571,089
—
359,244
13,285
1,365,180
—
119,963
2,428,761
Division Chief Executive
2008
522,532
—
—
—
731,666
—
71,505
1,325,703
Officer
2007
487,740
—
—
1,211,165
2,011,400
—
190,327
3,900,632
Richard C. Tarbox(7)
2009
454,000
—
179,621
6,642
808,996
—
55,203
1,504,462
Senior Vice President — Corporate Development
(1)
The amounts in these columns reflect the fair value as of grant
    date, in accordance with FAS 123(R), of awards granted
    pursuant to the SunGard 2005 Management Incentive Plan.
    Performance-based awards granted before 2009 to the named
    executives were amended during 2009 but the amended awards had
    no incremental value (see the Compensation Discussion and
    Analysis above for a description of the amendments).
(2)
The amounts in this column reflect the cash EIC awards payable
    under performance-based incentive compensation, which is
    discussed in further detail above in the Compensation Discussion
    and Analysis.
(3)
For Mr. Conde, amount includes health and welfare benefits,
    matching 401(k) savings plan contributions, car lease payments
    and related maintenance expenses, automobile tax
gross-ups
($13,801 in 2009 and $12,341 in each of 2008 and 2007), and
    annual sales incentive award trips.
For Mr. Ruane, amount includes health and welfare benefits,
    matching 401(k) savings plan contributions, car lease payments
    and related maintenance expenses, automobile tax
gross-ups
($10,609 in 2009, $10,844 in 2008 and $11,066 in 2007), and in
    2009 a service award gift and related tax
gross-up
($3,691).
For Mr. Ashton, amount includes health and welfare
    benefits, matching 401(k) savings plan contributions, car lease
    payments and related maintenance expenses, reimbursement of fuel
    expenses in 2007, automobile tax
gross-ups
($9,317 in 2009, $11,524 in 2008, and $10,104 in 2007), and
    annual sales incentive award trips.
For Mr. Finders, amount includes health and welfare
    benefits, company defined contribution pension plan
    contributions, car lease payments and related fuel and
    maintenance expenses, and annual sales incentive award trips.
For Mr. Tarbox, amount includes health and welfare
    benefits, matching 401(k) savings plan contributions, car lease
    payments and related fuel and maintenance expenses, and an
    automobile tax
gross-up
($13,649 in 2009).
(4)
Mr. Ruane resigned as the Company's chief financial
    officer effective January 1, 2010 and remains employed as
    the chief financial officer of the Company's Availability
    Services business. As of January 1,
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2010, Mr. Ruane is no longer an executive officer of the
    Company. In accordance with the Addendum to
    Mr. Ruane's employment agreement, Mr. Ruane is
    entitled to additional amounts payable in 2010 and 2011, as
    described above in the Compensation Discussion and Analysis.
(5)
For Mr. Ashton, the 2007 salary represents a blended rate
    of $374,000 from January 1 to March 31, 2007 and $500,000
    from April 1 to December 31, 2007. In April 2007,
    Mr. Ashton received a promotion and a salary increase
    commensurate with his new responsibilities.
(6)
Mr. Finders' compensation was paid in Swiss Francs
    (CHF). While conversion into U.S. dollars shows an increase in
    salary from 2008 to 2009, Mr. Finders' annual salary
    rate was CHF 627,847 in both 2008 and 2009, and he did not
    receive any salary increase in 2009. All amounts have been
    converted into U.S. dollars at the currency exchange rates used
    for purposes of the Company's annual operating budget and
    establishing compensation for the applicable year, as follows:
    0.909599 in 2009; 0.832260 in 2008; and 0.83424 in 2007. For
    Mr. Finders, the 2007 salary represents a blended rate of
    $410,000 from January 1 to March 31, 2007 and $500,000 from
    April 1 to December 31, 2007. In April 2007,
    Mr. Finders received a promotion and a salary increase
    commensurate with his new responsibilities.
(7)
Mr. Tarbox was not a named executive in 2008 or 2007.
Grants
    of Plan-Based Awards in Fiscal Year 2009
To provide long-term equity incentives following the
    Transaction, the SunGard 2005 Management Incentive Plan
    ("Plan") was established. The Plan as amended
    authorizes the issuance of equity subject to awards made under
    the Plan for up to 70 million shares of Class A common
    stock and 7 million shares of Class L common stock of
    SCC and 2.5 million shares of preferred stock of SCCII.
Under the Plan, awards of time-based and performance-based
    options have been granted to purchase "Units" in the
    Parent Companies. Each "Unit" consists of
    1.3 shares of Class A common stock and
    0.1444 shares of Class L common stock of SCC and
    0.05 shares of preferred stock of SCCII. The shares
    comprising a Unit are in the same proportion as the shares
    issued to all stockholders of the Parent Companies. The options
    are exercisable only for whole Units and cannot be separately
    exercised for the individual classes of stock. In 2009, hybrid
    equity awards were granted under the Plan, which awards are
    composed of RSUs for Units in the Parent Companies and options
    to purchase Class A common stock in SCC. All awards under
    the Plan are granted at fair market value on the date of grant.
    In 2009, performance-based awards were amended as described
    above in the Compensation Discussion and Analysis.
Time-based options vest over five years as follows: 25% one year
    after date of grant, and 1/48th of the remaining balance
    each month thereafter for 48 months. Time-based RSUs vest
    over five years as follows: 10% one year after date of grant,
    and 1/48th of the remaining balance each month thereafter
    for 48 months. Performance-based options and RSUs are
    earned for each of 2009 and 2010 based on the attainment of the
    Company's enterprise-wide EBITA budget with 25% vesting at
    December 31 of the applicable calendar year and 75% vesting in
    36 equal monthly installments beginning January 31. With
    respect to each of 2011, 2012 and 2013, vesting will occur upon
    the attainment of certain annual or cumulative earnings goals
    based on Internal EBITA targets for the Company for each year.
Time-based and performance-based options can partly or fully
    vest upon a change of control and certain other termination
    events, subject to certain conditions, and expire ten years from
    the date of grant. Once vested, time-based and performance-based
    RSUs become payable in shares upon the first to occur of a
    change of control, separation from service without cause, or the
    date that is five years after the date of grant (or ten years
    after the date of grant for certain RSUs as amended in 2009).
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The following table contains information concerning grants of
    plan-based awards to the named executives during 2009.
Table
    2 — 2009 Grants of Plan-Based Awards
All Other
All Other
Stock
Option
Estimated Possible
Awards:
Awards:
Exercise
Grant Date
Payouts under
Estimated Future Payouts
Number of
Number of
or Base
Fair Value
Non-Equity
Under Equity Incentive Plan
Shares of
Securities
Price of
of Stock
Incentive Plan
Awards(2)
Stock
Underlying
Option
and Option
Grant
Grant
Awards(1)
Threshold
Target
Maximum
or Units(3)
Options(4)
Awards
Awards(5)
Name
Type
Date
($)
(#)
(#)
(#)
(#)
(#)
($/Sh)
($)
Cristóbal Conde
EIC
N/A
2,168,428
—
—
—
—
—
—
—
Michael J. Ruane
EIC
N/A
808,996
—
—
—
—
—
—
—
James E. Ashton III
EIC
N/A
1,355,091
—
—
—
—
—
—
—
RSUs
09/14/09
—
2,183
10,914
27,677
15,376
—
—
359,244
Options
09/14/09
—
5,497
27,486
69,700
—
38,722
0.44
13,285
Harold C. Finders
EIC
N/A
1,365,180
—
—
—
—
—
—
—
RSUs
09/14/09
—
2,183
10,914
27,677
15,376
—
—
359,244
Options
09/14/09
—
5,497
27,486
69,700
—
38,722
0.44
13,285
Richard C. Tarbox
EIC
N/A
808,996
—
—
—
—
—
—
—
RSUs
09/14/09
—
1,091
5,457
13,838
7,688
—
—
179,621
Options
09/14/09
—
2,749
13,743
34,850
19,361
0.44
6,642
(1)
Amounts reflect the cash EIC bonuses paid to the named
    executives under the performance-based incentive compensation,
    which is described in further detail above, including the
    threshold, mid-point, and on-target goals, in the Compensation
    Discussion and Analysis and reported in the "Non-Equity
    Incentive Plan Compensation" column of Table 1 —
    Summary Compensation Table above.
(2)
Represents performance-based RSUs and Class A options.
(3)
Represents time-based RSUs.
(4)
Represents time-based Class A options.
(5)
Amounts reflect the fair value as of grant date of awards
    granted pursuant to the SunGard 2005 Management Incentive Plan.
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Outstanding
    Equity Awards at 2009 Fiscal Year-End
The following table contains certain information with respect to
    options held as of December 31, 2009 by the named
    executives.
Table
    3 — Outstanding Equity Awards at 2009 Fiscal
    Year-End
Option Awards
Stock Awards
Equity
Equity
Equity
Incentive
Incentive
Incentive
Plan
Plan Awards:
Plan
Awards:
Market or
Awards:
Number
Market
Number of
Payout Value
Number of
Number of
Number of
of Shares
Value of
Unearned
of Unearned
Securities
Securities
Securities
or Units
Shares or
Shares, Units
Shares, Units
Underlying
Underlying
Underlying
of Stock
Units of
or Other
or Other
Unexercised.
Unexercised
Unexercised
Option
That
Stock That
Rights That
Rights That
Options
Options
Unearned
Exercise
Option
Have Not
Have Not
Have Not
Have Not
(#)
(#)
Options(1)
Price
Expiration
Vested(2)
Vested(3)
Vested(1)
Vested(3)
Name
Exercisable
Unexercisable
(#)
($)
Date
(#)
($)
(#)
($)
Cristóbal Conde
1,550,495
(4)
221,499
—
18.00
08/11/2015
—
—
—
—
736,147
(5)
172,235
(6)
229,647
18.00
08/11/2015
Michael J. Ruane
338,535
(4)
48,362
—
18.00
08/11/2015
—
—
—
—
171,767
(5)
40,188
(6)
53,584
18.00
08/11/2015
3,424
(7)
—
—
4.50
02/26/2013
43,687
(7)
—
—
4.50
02/25/2014
59,153
(7)
—
—
4.50
03/03/2015
James E. Ashton III
178,402
(4)
25,486
—
18.00
08/11/2015
117,784
(5)
27,558
(6)
36,743
18.00
08/11/2015
—
(8)
38,722
—
0.44
09/14/2019
1,506
(9)
4,517
(6)
24,611
0.44
09/14/2019
—
—
—
—
—
17,169
343,389
9,773
195,455
Harold C. Finders
155,051
(4)
22,150
—
18.00
08/11/2015
51,506
(10)
54,827
—
20.72
09/20/2017
43,616
(5)
17,224
(6)
22,965
18.00
08/11/2015
23,068
(11)
12,403
(6)
33,552
20.72
09/20/2017
—
(8)
38,722
—
0.44
09/14/2019
1,506
(9)
4,517
(6)
24,611
0.44
09/14/2019
—
—
—
—
—
17,169
343,389
9,773
195,455
Richard C. Tarbox
154,139
(4)
22,020
—
18.00
08/11/2015
117,784
(5)
27,558
(6)
36,743
18.00
08/11/2015
—
(8)
19,361
—
0.44
09/14/2019
753
(9)
2,258
(6)
12,306
0.44
09/14/2019
24,666
(7)
—
—
4.50
02/26/2013
111,771
(7)
—
—
4.50
03/03/2013
43,687
(7)
—
—
4.50
02/25/2014
59,153
(7)
—
—
4.50
03/03/2015
—
—
—
—
—
8,585
171,694
4,886
97,724
(1)
Represents anticipated achievement of performance goals in
    future years for unearned portions of performance-based awards.
(2)
Represents (i) time-based RSUs granted on
    September 14, 2009 which vest over five years with 10%
    vesting on the first anniversary of the date of grant, and
    1/48th of the remaining balance vesting each month thereafter
    for 48 months, and (ii) the unvested portion of
    performance-based RSUs earned for calendar year 2009.
(3)
Based upon a fair market value of $20 per Unit as of
    December 31, 2009.
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Table of Contents
(4)
Time-based options granted on August 12, 2005 and which
    vest over five years with 25% vesting one year from the date of
    grant, and 1/48th of the remaining balance vesting each month
    thereafter for 48 months.
(5)
Represents (i) performance-based options granted on
    August 12, 2005 which vest upon the attainment of certain
    annual or cumulative earnings goals for the Company during the
    six-year period beginning January 1, 2005 for calendar
    years
2005-2008
and (ii) performance-based options earned and vested for
    calendar year 2009 pursuant to the awards amended in 2009;
    vesting of the remaining earned portion is described in
    note 6.
(6)
Represents the unvested portion of performance-based options
    earned for calendar year 2009, which vests in 36 equal monthly
    installments beginning January 31, 2010.
(7)
To the extent outstanding options of SunGard were not exercised
    before closing the Transaction, such options converted into
    fully vested options to purchase equity units in the Parent
    Companies.
(8)
Time-based Class A options granted on September 14,
    2009, which vest over five years with 25% vesting one year from
    the date of grant, and 1/48th of the remaining balance vesting
    each month thereafter for 48 months.
(9)
Performance-based Class A options granted on
    September 14, 2009 are earned upon the attainment of
    certain annual or cumulative earnings goals for the Company
    during the five-year period beginning January 1, 2009.
    Represents performance-based Class A options earned and
    vested for calendar year 2009. Vesting of the remaining earned
    portion is described in note 6.
(10)
Time-based options granted on September 21, 2007, which
    vest over five years with 25% vesting one year from the date of
    grant, and 1/48th of the remaining balance vesting each month
    thereafter for 48 months.
(11)
Represents (i) performance-based options granted on
    September 21, 2007, which vest upon the attainment of
    certain annual or cumulative earnings goals for the Company
    during the five-year period beginning January 1, 2007 for
    calendar years
2007-2008
and (ii) performance-based options earned and vested for
    calendar year 2009 pursuant to the 2009 amended awards; vesting
    of the remaining earned portion is described in note 6.
Option
    Exercises and Stock Vested
The following table contains certain information with respect to
    stock option exercises and the vesting of RSUs during 2009 for
    each of the named executives.
Table
    4 — 2009 Option Exercises and Stock Vesting
Option Awards
Stock Awards
Number of Shares
Number of Shares
Acquired
Value Realized
Acquired
Value Realized
on Exercise
on Exercise
on Vesting(1)
on Vesting(2)
Name
(#)
($)
(#)
($)
Cristóbal Conde
—
—
—
—
Michael J. Ruane
—
—
—
—
James E. Ashton III
318,519
4,618,521
598
11,960
Harold C. Finders
30,000
30,000
598
11,960
Richard C. Tarbox
190,159
2,757,312
299
5,980
(1)
Represents vested performance-based RSUs for 2009, which are not
    distributed until five years after date of grant. For RSUs
    earned in 2009, 25% vest at December 31, 2009, shown in the
    table above, and 1/36th of the remaining balance vests each
    month thereafter for 36 months, which portion is not
    reflected in the table.
(2)
Based upon a fair market value of $20 per Unit as of
    December 31, 2009.
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Table of Contents
Pension
    Benefits
None of the named executives receive benefits under any defined
    benefit or actuarial pension plan.
Employment
    and Change of Control Agreements
As discussed above, the Company entered into a definitive
    employment agreement with each of the named executives. The
    terms of these agreements are described above under Compensation
    Discussion and Analysis.
Potential
    Payments Upon Termination or Change of Control
Pursuant to the terms of the executive employment agreements and
    equity award agreements, set forth below is a description of the
    potential payments the named executives would receive if their
    employment was terminated on December 31, 2009.
The terms cause, good reason, change of control and sale of
    business are defined in the executive employment agreements.
    Forms of these agreements have been filed as exhibits to the
    Company's Quarterly Report on
Form 10-Q
for the quarter ended September 30, 2005.
Termination without Cause or Resignation for Good Reason;
    Certain Change in Control or Sale of Business
    Transactions.
If a named executive's
    employment is terminated by the Company without cause, or a
    named executive terminates his employment in certain
    circumstances which constitute good reason, including certain
    change of control and sale of business transactions, then:
•
the Company will pay the named executive officer the following:
•
a lump sum cash severance amount equal to the applicable
    multiplier multiplied by the sum of 2009 base salary and target
    incentive bonus;
•
a lump sum cash payment of all accrued compensation (as defined
    in the agreement) as of December 31, 2009;
•
a lump sum cash payment in an amount equal to the applicable
    multiplier multiplied by the Company's cost of the named
    executive officer's medical, dental and vision coverage in
    effect on December 31, 2009, as increased by a tax
gross-up
payment equal to the income and FICA tax imposed on such payment;
•
a lump sum cash payment in an amount equal to the applicable
    multiplier multiplied by $17,500, in lieu of retirement, life
    insurance and long term disability coverage, as increased by a
    tax
gross-up
payment equal to the income and FICA tax imposed on such payment;
•
an amount equal to any excise tax charged to the named executive
    as a result of the receipt of any change of control payments;
•
performance-based equity awards vest on a pro rata basis through
    the termination date, any unvested portion of performance-based
    equity awards earned for calendar year 2009 or 2010 become fully
    vested at the termination date, time-based equity awards
    immediately stop vesting and all unvested time-based equity
    awards are forfeited;
•
if a change of control occurs and employment is not offered,
    then all unvested performance-based equity awards vest on a
return-on-equity
basis and all unvested time-based equity awards become fully
    vested;
•
if a sale of the business occurs and the employment agreement is
    not assumed, then performance-based equity awards vest on a pro
    rata basis through the termination date, any unvested portion of
    performance-based equity awards earned for calendar year 2009 or
    2010 become fully vested at the termination date, all unvested
    time-based equity awards become fully vested and all unvested
    performance-based equity awards are forfeited.
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Table of Contents
Resignation without Good Reason; Voluntary Retirement and
    Certain Change in Control Transactions.
If a
    named executive terminates his employment voluntarily without
    good reason, including certain change of control transactions
    and retirements, then:
•
with the exception of certain voluntary retirements, the Company
    will pay the named executive only a lump sum cash payment of all
    accrued compensation with the exception of his 2009 pro rated
    target incentive bonus. Under the terms of Mr. Conde's
    employment agreement, if a change of control occurs and
    Mr. Conde is offered employment but he resigns, his
    resignation is considered for good reason;
•
if the named executive voluntarily retires after August 11,
    2008, provided he is at least 62 years of age, the Company
    will pay the named executive a lump sum cash payment of all
    accrued compensation and upon satisfying certain conditions,
    $10,000 per month for twelve months from the date of termination;
•
all performance-based equity awards stop vesting as of the date
    of termination, no performance-based equity awards are earned in
    the year of termination, all time-based equity awards
    immediately stop vesting, and all unvested time-based and
    performance-based equity awards are forfeited;
•
if a change of control occurs and employment is offered but the
    named executive resigns, then all amended unvested
    performance-based options on Units vest on a
return-on-equity
basis, performance-based RSUs and Class A performance-based
    options do not vest and all unvested time-based equity awards
    become fully vested; and
•
if the named executive retires after August 11, 2008,
    provided he is at least 62 years of age, then all
    performance-based equity awards stop vesting as of the date of
    termination, no performance-based equity awards are earned in
    the year of termination, all time-based equity awards continue
    to vest throughout the consulting period and all unvested
    performance-based equity awards are forfeited.
Termination for Cause.
If the Company
    terminates a named executive's employment for cause, then:
•
the Company will pay the named executive only a lump sum cash
    payment of all accrued compensation with the exception of his
    2009 pro rated target incentive bonus;
•
all vested and unvested time and performance equity awards are
    forfeited.
Disability or Death.
If a named
    executive's employment is terminated due to his disability
    or death, then:
•
the Company will pay the named executive (or his beneficiary in
    the event of death) a lump sum cash payment of all accrued
    compensation;
•
in the event of disability, if the named executive elected to
    participate, he shall receive payments under an insurance policy
    offered through the Company until he reaches retirement age as
    defined by the 1983 Amended Social Security Normal Retirement
    Age or other applicable law;
•
in the event of death, the named executive's beneficiary
    shall receive payments under an insurance policy offered through
    the Company; and
•
performance-based equity awards vest on a pro rata basis through
    the termination date, any unvested portion of performance-based
    equity awards earned for calendar year 2009 or 2010 become fully
    vested at the termination date, all time-based equity awards
    immediately stop vesting and all unvested time-based equity
    awards are forfeited.
In order to receive any of the above described severance
    benefits, the named executive is required to execute a release
    of all claims against the Company. In order to exercise stock
    options or receive distribution of RSU shares, the named
    executive must execute a certificate of compliance with the
    restrictive covenants contained in his employment agreement and
    all other agreements.
The tables below reflect the amount of compensation payable to
    each of the named executives in the event of termination of such
    executive's employment. The amounts shown assume that such
    termination was effective as of December 31, 2009, and thus
    includes amounts earned through such time and are estimates of
81
Table of Contents
the amounts which would be paid out to the named executives upon
    their termination. The actual amounts to be paid, if any, can
    only be determined at the time of such named executive's
    separation from the Company.
Cristóbal
    Conde — Potential Termination Payments and
    Benefits
Termination
Termination
Termination
Due to
Without
Termination
Termination
Due to
Change of
Cause or
For Cause;
Termination
Due to Sale
Change of
Control
Executive Benefits and
Resignation
Resignation
Due to
of Business
Control
Employment
Termination
Termination
Payment Upon
For
Without Good
Voluntary
Employment
Employment
Offered but
Due to
Due to
Termination
Good Reason
Reason
Retirement
Not Offered
Not Offered
Resigns
Disability
Death
Compensation:
Base Salary & Target Incentive Bonus(1)
$
8,631,000
—
—
$
8,631,000
$
8,631,000
$
8,631,000
—
—
Target Incentive Bonus of Year of Termination
$
1,946,000
—
$
1,946,000
$
1,946,000
$
1,946,000
$
1,946,000
$
1,946,000
$
1,946,000
Time-Based Equity(2)
—
—
—
$
442,998
$
442,998
$
442,998
—
—
Performance-Based Equity
$
344,471
(3)
—
—
344,471
(3)
$
4,906,792
(4)
$
4,906,792
(4)
$
344,471
(3)
$
344,471
(3)
Benefits & Perquisites:
Health and Welfare Benefits(5)
$
178,296
—
—
$
178,296
$
178,296
$
178,296
—
—
Disability Benefits
—
—
—
—
—
—
—
—
Life Insurance Proceeds
—
—
—
—
—
—
—
$
1,000,000
Accrued Vacation Pay
$
17,904
$
17,904
$
17,904
$
17,904
$
17,904
$
17,904
$
17,904
$
17,904
Excise Tax &
Gross-Up
—
—
—
—
—
—
—
—
Total:
$
11,117,671
$
17,904
$
1,963,904
$
11,560,669
$
16,122,990
$
16,122,990
$
2,308,375
$
3,308,375
(1)
Consists of three times the sum of (a) 2009 base salary of
    $931,000 and (b) 2009 target incentive bonus of $1,946,000.
(2)
Represents the value of accelerated unvested time-based equity
    based upon a fair market price of $20.00 per Unit as of
    December 31, 2009. Excludes the value of vested time-based
    equity.
(3)
Represents the value of the accelerated unvested portion of the
    performance-based equity earned for calendar year 2009. Excludes
    the value of vested performance-based equity earned for calendar
    year 2009.
(4)
Represents the value of accelerated unvested performance-based
    equity if the Sponsors receive an amount constituting at least
    300% of their equity investment ("Investment") and an
    internal rate of return ("IRR") of 16% or higher. If
    the Sponsors receive less than 300% of their Investment or an
    amount constituting at least 300% of their Investment but less
    than 14% IRR, the performance-based equity will not accelerate.
    Excludes the value of vested performance-based equity.
(5)
Consists of three times the sum of (a) the Company's
    cost of Mr. Conde's medical, dental and vision
    coverage and (b) $17,500 in lieu of the Company's
    retirement plan matching contribution, life insurance and
    long-term disability coverage. The health and welfare benefits
    have been increased by a tax
gross-up
equal to the estimated income and FICA tax that would be imposed
    on such payments.
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Table of Contents
Michael
    J. Ruane — Potential Termination Payments and
    Benefits
The table below reflects the benefits Mr. Ruane would
    receive under the terms of his employment agreement and the
    Addendum to such agreement, which is discussed in further detail
    above in the Compensation Discussion and Analysis.
Termination
Termination
Due to
Termination
Termination
Due to
Termination
Voluntary
Due to Sale
Due to
Change of
For Cause;
Retirement or
of Availability
Change of
Control
Executive Benefits and
Termination
Resignation
Resignation
Business
Control
Employment
Termination
Termination
Payment Upon
Without
Without Good
For
Employment
Employment
Offered but
Due to
Due to
Termination
Cause
Reason
Good Reason
Not Offered
Not Offered
Resigns
Disability
Death
Compensation:
Additional Compensation(1)
$
3,646,538
—
—
$
3,646,538
$
3,646,538
$
3,646,538
$
3,646,538
$
3,646,538
Base Salary & Target Incentive Bonus
—
—
—
—
—
—
—
—
Target Incentive Bonus of Year of Termination
$
726,000
—
$
726,000
$
726,000
$
726,000
—
$
726,000
$
726,000
Time-Based Equity(2)
—
—
—
$
96,724
$
96,724
$
96,724
—
—
Performance-Based Equity
$
80,376
(3)
—
$
80,376(3
)(4)
$
80,376
(3)
$
1,144,912
(5)
$
248,124
(6)
$
80,376
(3)
$
80,376
(3)
Benefits & Perquisites:
Health Benefits(7)
$
65,966
—
—
—
—
—
$
65,966
$
65,966
Disability Benefits
—
—
—
—
—
—
—
—
Life Insurance Proceeds
—
—
—
—
—
—
—
$
909,000
Accrued Vacation Pay
$
8,731
$
8,731
$
8,731
$
8,731
$
8,731
$
8,731
$
8,731
$
8,731
Excise Tax &
Gross-Up
—
—
—
—
—
—
—
—
Total:
$
4,527,611
$
8,731
$
815,107
$
4,558,369
$
5,622,905
$
4,000,117
$
4,527,611
$
5,436,611
(1)
Represents the amount of additional compensation due and payable
    to Mr. Ruane pursuant to the terms of the Addendum to
    employment agreement, as described above in the Compensation
    Discussion and Analysis.
(2)
Represents the value of accelerated unvested time-based equity
    based upon a fair market price of $20.00 per Unit as of
    December 31, 2009. Excludes the value of vested time-based
    equity.
(3)
Represents the value of the accelerated unvested portion of the
    performance-based equity earned for calendar year 2009. Excludes
    the value of vested performance-based equity earned for calendar
    year 2009.
(4)
Upon a termination due to voluntary retirement, Mr. Ruane
    would not receive this amount.
(5)
Represents the value of accelerated unvested performance-based
    equity if the Sponsors receive an amount constituting at least
    300% of their Investment and an IRR of 16% or higher. If the
    Sponsors receive less than 300% of their Investment or an amount
    constituting at least 300% of their Investment but less than 14%
    IRR, the performance-based equity will not accelerate. Excludes
    the value of vested performance-based equity.
(6)
Represents the value of accelerated unvested performance-based
    equity if the Sponsors receive an amount constituting at least
    200% of their Investment. If the Sponsors receive an amount
    constituting less than 200% of their Investment the
    performance-based equity will not accelerate.
(7)
Represents three times the Company's cost of
    Mr. Ruane's medical, dental and vision coverage. The
    health benefits have been increased by a tax
gross-up
equal to the estimated income and FICA tax that would be imposed
    on such payments.
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Table of Contents
James E.
    Ashton III — Potential Termination Payments and
    Benefits
Termination
Termination
Termination
Due to
Without
Termination
Termination
Due to
Change of
Cause or
For Cause;
Termination
Due to Sale
Change of
Control
Executive Benefits and
Resignation
Resignation
Due to
of Business
Control
Employment
Termination
Termination
Payment Upon
For
Without Good
Voluntary
Employment
Employment
Offered but
Due to
Due to
Termination
Good Reason
Reason
Retirement
Not Offered
Not Offered
Resigns
Disability
Death
Compensation:
Base Salary & Target Incentive Bonus(1)
$
2,142,000
—
—
$
2,142,000
$
2,142,000
—
—
—
Target Incentive Bonus of Year of Termination
$
561,000
—
$
561,000
$
561,000
$
561,000
—
$
561,000
$
561,000
Time-Based Equity Awards(2)
—
—
—
$
358,492
$
358,492
$
358,492
—
—
Performance-Based Equity Awards
$
90,985
(3)
—
—
$
90,985
(3)
$
1,326,667
(4)
$
170,142
(5)
$
90,985
(3)
$
90,985
(3)
Benefits & Perquisites:
Health and Welfare Benefits(6)
$
99,251
—
—
$
99,251
$
99,251
—
—
—
Disability Benefits(7)
—
—
—
—
—
—
$
1,412,288
—
Life Insurance Proceeds
—
—
—
—
—
—
—
$
1,000,000
Accrued Vacation Pay
—
—
—
—
—
—
—
—
Excise Tax &
Gross-Up
—
—
—
—
—
—
—
—
Total:
$
2,893,236
—
$
561,000
$
3,251,728
$
4,487,410
$
528,634
$
2,064,272
$
1,651,985
(1)
Consists of two times the sum of (a) 2009 base salary of
    $510,000 and (b) 2009 target incentive bonus of $561,000.
(2)
Represents the value of accelerated unvested time-based equity
    awards based upon a fair market price of $20.00 per Unit as of
    December 31, 2009. Excludes the value of vested and
    underwater time-based equity.
(3)
Represents the value of the accelerated unvested portion of the
    performance-based equity awards earned for calendar year 2009.
    Excludes the value of vested performance-based equity earned for
    calendar year 2009 and underwater performance-based equity.
(4)
Represents the value of accelerated unvested performance-based
    equity if the Sponsors receive an amount constituting at least
    300% of their Investment and an IRR of 16% or higher. If the
    Sponsors receive less than 300% of their Investment or an amount
    constituting at least 300% of their Investment but less than 14%
    IRR, the performance-based equity will not accelerate. Excludes
    the value of vested and underwater performance-based equity.
(5)
Represents the value of accelerated unvested performance-based
    equity if the Sponsors receive an amount constituting at least
    200% of their Investment. If the Sponsors receive an amount
    constituting less than 200% of their Investment the
    performance-based equity will not accelerate. Excludes the value
    of vested performance-based equity.
(6)
Consists of two times the sum of (a) the Company's
    cost for Mr. Ashton's medical, dental and vision
    coverage and (b) $17,500 in lieu of the Company's
    retirement plan matching contribution, life insurance and
    long-term disability coverage. The health and welfare benefits
    have been increased by a tax
gross-up
equal to the estimated income and FICA tax that would be imposed
    on such payments.
(7)
Reflects the estimated lump-sum present value of all future
    payments which Mr. Ashton would be entitled to receive
    under the Company's fully insured disability program.
    Mr. Ashton is entitled to receive such benefits until he
    reaches the age of 66 years and 8 months.
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Harold
    C. Finders — Potential Termination Payments and
    Benefits
Termination
Termination
Termination
Due to
Without
Termination
Termination
Due to
Change of
Cause or
For Cause;
Termination
Due to Sale
Change of
Control
Executive Benefits and
Resignation
Resignation
Due to
of Business
Control
Employment
Termination
Termination
Payment Upon
For
Without Good
Voluntary
Employment
Employment
Offered but
Due to
Due to
Termination
Good Reason
Reason
Retirement
Not Offered
Not Offered
Resigns
Disability
Death
Compensation:
Base Salary & Target Incentive Bonus(1)
$
2,419,973
—
—
$
2,419,973
$
2,419,973
—
—
—
Target Incentive Bonus of Year of Termination
$
604,993
—
$
604,993
$
604,993
$
604,993
—
$
604,993
$
604,993
Time-Based Equity Awards(2)
—
—
—
$
351,820
$
351,820
$
351,820
—
—
Performance-Based Equity Awards
$
70,317
(3)
—
—
$
70,317
(3)
$
1,032,267
(4)
$
106,341
(5)
$
70,317
(3)
$
70,317
(3)
Benefits & Perquisites:
Health and Welfare Benefits(6)
$
103,362
—
—
$
103,362
$
103,362
—
—
—
Disability Benefits(7)
—
—
—
—
—
—
$
15,106,854
—
Death Benefits(8)
—
—
—
—
—
—
—
$
2,700,007
Accrued Vacation Pay
—
—
—
—
—
—
—
—
Excise Tax &
Gross-Up
—
—
—
—
—
—
—
—
Total:
$
3,198,645
—
$
604,993
$
3,550,465
$
4,512,415
$
458,161
$
15,782,164
$
3,375,317
(1)
Consists of two times the sum of (a) 2009 base salary of
    $604,993 and (b) 2009 target incentive bonus of $604,993.
    Mr. Finders' payments would be in Swiss Francs (CHF).
    All amounts reported in the table have been converted into U.S.
    dollars at the December 31, 2009 currency exchange rate of
    0.96360.
(2)
Represents the value of accelerated unvested time-based equity
    awards based upon a fair market price of $20.00 per Unit as of
    December 31, 2009. Excludes the value of vested and
    underwater time-based equity.
(3)
Represents the value of the accelerated unvested portion of the
    performance-based equity awards earned for calendar year 2009.
    Excludes the value of vested performance-based equity earned for
    calendar year 2009 and underwater performance-based equity.
(4)
Represents the value of accelerated unvested performance-based
    equity if the Sponsors receive an amount constituting at least
    300% of their Investment and an IRR of 16% or higher. If the
    Sponsors receive less than 300% of their Investment or an amount
    constituting at least 300% of their Investment but less than 14%
    IRR, the performance-based equity will not accelerate. Excludes
    the value of vested and underwater performance-based equity.
(5)
Represents the value of accelerated unvested performance-based
    equity if the Sponsors receive an amount constituting at least
    200% of their Investment. If the Sponsors receive an amount
    constituting less than 200% of their Investment the
    performance-based equity will not accelerate. Excludes the value
    of vested and underwater performance-based equity.
(6)
Consists of two times the sum of (a) the Company's
    cost for Mr. Finders' medical benefits and
    (b) $17,500 in lieu of the Company's defined
    contribution pension plan contribution, life insurance and
    long-term disability coverage. The health and welfare benefits
    have been increased by a tax
gross-up
equal to the estimated taxes that would be imposed on such
    payments.
(7)
Represents a lump sum payment upon disability due to an accident
    of $14,098,432 and the estimated present value of annual annuity
    payments to age 65. Upon disability due to sickness,
    Mr. Finders would receive $4,308,435 which represents the
    estimated present value of annual annuity payments to
    age 65. Each of Mr. Finders' children would also
    receive an annual annuity payment of $47,427 until they reach
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Table of Contents
the age of 25 (five and eight years remaining). Portions of the
    reported benefits payable upon Mr. Finders' disability
    are financed by contributions made by Mr. Finders.
(8)
Represents a lump sum payment upon death due to an accident.
    Mr. Finders' spouse would also receive an annual
    annuity for life of $48,565 and each of his children would
    receive an annual annuity of $18,212 until they reach the age of
    25 (five and eight years remaining). Upon death due to sickness,
    Mr. Finders' estate would receive a lump sum of
    $1,778,516 and Mr. Finders' spouse would receive an
    annual annuity for life of $248,992 and each of his children
    would receive an annual annuity of $47,427 until they reach the
    age of 25 (five and eight years remaining). Portions of the
    reported benefits payable upon Mr. Finders' death are
    financed by contributions made by Mr. Finders.
Richard
    C. Tarbox — Termination Payments and
    Benefits
Termination
Termination
Termination
Due to
Without
Termination
Termination
Due to
Change of
Cause or
For Cause;
Termination
Due to Sale
Change of
Control
Executive Benefits and
Resignation
Resignation
Due to
of Business
Control
Employment
Termination
Termination
Payment Upon
For
Without Good
Voluntary
Employment
Employment
Offered but
Due to
Due to
Termination
Good Reason
Reason
Retirement
Not Offered
Not Offered
Resigns
Disability
Death
Compensation:
Base Salary & Target Incentive Bonus(1)
$
3,540,000
—
—
$
3,540,000
$
3,540,000
—
—
—
Target Incentive Bonus of Year of Termination
$
726,000
—
$
726,000
$
726,000
$
726,000
—
$
726,000
$
726,000
Time-Based Equity Awards(2)
—
—
—
$
197,800
$
197,800
$
197,800
—
—
Performance-Based Equity Awards
$
73,049
(3)
—
—
$
73,049
(3)
$
1,055,865
(4)
$
170,142
(5)
$
73,049
(3)
$
73,049
(3)
Benefits & Perquisites:
Health and Welfare Benefits(6)
$
148,877
—
—
$
148,877
$
148,877
—
—
—
Disability Benefits(7)
—
—
—
—
—
—
$
693,765
—
Life Insurance Proceeds
—
—
—
—
—
—
—
$
909,000
Accrued Vacation Pay
$
8,731
$
8,731
$
8,731
$
8,731
$
8,731
$
8,731
$
8,731
$
8,731
Excise Tax &
Gross-Up
—
—
—
—
—
—
—
—
Total:
$
4,496,657
$
8,731
$
734,731
$
4,694,457
$
5,677,273
$
376,673
$
1,501,545
$
1,716,780
(1)
Consists of three times the sum of (a) 2009 base salary of
    $454,000 and (b) 2009 target incentive bonus of $726,000.
(2)
Represents the value of accelerated unvested time-based equity
    awards based upon a fair market price of $20.00 per Unit as of
    December 31, 2009. Excludes the value of vested and
    underwater time-based equity.
(3)
Represents the value of the accelerated unvested portion of
    performance-based equity earned for calendar year 2009. Excludes
    the value of vested performance-based equity earned for calendar
    year 2009 and underwater performance-based equity.
(4)
Represents the value of accelerated unvested performance-based
    equity if the Sponsors receive an amount constituting at least
    300% of their Investment and an IRR of 16% or higher. If the
    Sponsors receive less than 300% of their Investment or an amount
    constituting at least 300% of their Investment but less than 14%
    IRR, the performance-based equity will not accelerate. Excludes
    the value of vested and underwater performance-based equity.
(5)
Represents the value of accelerated unvested performance-based
    equity if the Sponsors receive an amount constituting at least
    200% of their Investment. If the Sponsors receive an amount
    constituting less than 200% of their Investment the
    performance-based equity will not accelerate. Excludes the value
    of vested performance-based equity.
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Table of Contents
(6)
Consists of three times the sum of (a) the Company's
    cost for Mr. Tarbox's medical, dental and vision
    coverage and (b) $17,500 in lieu of the Company's
    retirement plan matching contribution, life insurance and
    long-term disability coverage. The health and welfare benefits
    have been increased by a tax
gross-up
equal to the estimated income and FICA tax that would be imposed
    on such payments.
(7)
Reflects the estimated lump-sum present value of all future
    payments which Mr. Tarbox would be entitled to receive
    under the Company's fully insured disability program.
    Mr. Tarbox is entitled to receive such benefits until he
    reaches the age of 66 years.
Director
    Compensation
None of our directors except Mr. Mann receive compensation
    for serving as directors. Mr. Mann receives annual director
    equity awards; he does not receive any cash director fees. On
    November 11, 2009, Mr. Mann was granted a time-based
    hybrid equity grant consisting of an RSU for 1,868 Units and a
    Class A option for 4,704 shares at an exercise price
    of $0.28 per share. The RSU vests over five years as follows:
    10% one year after date of grant, and 1/48th of the
    remaining balance each month thereafter for 48 months. Once
    vested, the RSUs become payable in shares upon the first to
    occur of a change of control, removal or resignation as a
    director, or the date that is five years after the date of
    grant. The option expires ten years from the date of grant and
    vests over five years as follows: 25% one year after date of
    grant and 1/48th of the remaining balance each month
    thereafter for 48 months. The following table contains for
    Mr. Mann compensation received during the year ended
    December 31, 2009 for serving as a director of the Company.
Change in Pension
Fees Earned
Non-Equity
Value and Nonqualified
or Paid in
Stock
Option
Incentive Plan
Deferred Compensation
All Other
Cash
Awards
Awards(1)
Compensation
Earnings
Compensation
Total
Name
($)
($)
($)
($)
($)
($)
($)
James L. Mann(2)
—
830
38,360
—
—
—
38,190
(1)
The amount in this column reflects the fair value as of grant
    date of awards granted pursuant to the SunGard 2005 Management
    Incentive Plan.
(2)
In addition to serving as a director, Mr. Mann is currently
    an employee of the Company and received in 2009 a base salary of
    $300,000 and health and welfare benefits, a matching 401(k)
    savings plan contribution, automobile benefits including
    reimbursement of fuel and maintenance expenses and an automobile
    tax
gross-up
($3,930).
Compensation
    Committee Interlocks and Insider Participation
Our Compensation Committee is currently comprised of
    Messrs. Connaughton, Greene and Marren, who were each
    appointed to the Compensation Committee in 2005 in connection
    with the Transaction, and Ms. Richardson, who was appointed
    to the Compensation Committee in 2008. None of these individuals
    has been at any time an officer or employee of our Company.
    During 2009, we had no compensation committee
    "interlocks" — meaning that it was not the
    case that an executive officer of ours served as a director or
    member of the compensation committee of another entity and an
    executive officer of the other entity served as a director or
    member of our Compensation Committee.
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Table of Contents
SECURITY
    OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
All of our outstanding stock is beneficially owned by SCC and
    SCCII through its wholly owned subsidiaries. The following table
    presents information regarding beneficial ownership of the
    equity securities of SCC and SCCII as of March 1, 2010 by
    each person who is known by us to beneficially own more than 5%
    of the equity securities of SCC and SCCII, by each of our
    directors, by each of the named executives, and by all of our
    directors and executive officers as a group.
Number of Shares Beneficially Owned(1)
Percent of
Name of Beneficial Owner
Class A Common
Class L Common
Preferred
Classes(2)
Bain Funds(3)
34,849,657
3,872,184
1,340,371
13.65
%
Blackstone Funds(4)
34,849,657
3,872,184
1,340,371
13.65
%
GS Limited Partnerships(5)
28,393,651
3,154,850
1,092,063
11.12
%
KKR Funds(6)
34,849,657
3,872,184
1,340,371
13.65
%
Providence Equity Funds(7)
21,295,238
2,366,138
819,048
8.34
%
Silver Lake Funds(8)
34,488,546
3,832,061
1,326,483
13.51
%
TPG Funds(9)
34,849,657
3,872,184
1,340,371
13.65
%
James E. Ashton III(10) (named executive)
822,706
91,161
31,565
—
Chinh E. Chu(4)(11) (director)
34,849,657
3,872,184
1,340,371
13.65
%
Cristóbal Conde(10)(12) (director and named executive)
4,730,376
525,490
181,938
1.85
%
John Connaughton(13) (director)
—
—
—
—
Harold C. Finders(10) (named executive)
535,670
59,294
23,362
—
James H. Greene, Jr.(14) (director)
—
—
—
—
Glenn H. Hutchins(8)(15) (director)
34,488,546
3,832,061
1,326,483
13.51
%
James L. Mann(10) (director)
81,642
8,651
2,995
—
John Marren(16) (director)
—
—
—
—
Sanjeev Mehra(5)(17) (director)
28,393,651
3,154,850
1,092,063
11.12
%
Julie Richardson(7)(18) (director)
21,295,238
2,366,138
819,048
8.34
%
Michael J. Ruane(19) (named executive)
1,226,280
136,229
47,165
—
Richard C. Tarbox(10) (named executive)
1,178,790
130,844
45,299
—
All 21 directors and executive officers as a
group(10)(11)(12)(13)(14)(15)(16)(17)
(18)(20)
131,250,949
14,575,604
5,048,313
51.41
%
(1)
Includes shares held in the beneficial owner's name or
    jointly with others, or in the name of a bank, nominee or
    trustee for the beneficial owner's account. Unless
    otherwise indicated in the footnotes to this table and subject
    to community property laws where applicable, we believe that
    each stockholder named in this table has sole voting and
    investment power with respect to the shares indicated as
    beneficially owned. Class A shares of common stock of SCC,
    Class L shares of common stock of SCC and preferred shares
    of SCCII are referred to in the notes to this table as,
    respectively, Class A shares, Class L shares and
    preferred shares.
(2)
Unless otherwise indicated, the beneficial ownership of any
    named person does not exceed, in the aggregate, one percent of
    the outstanding equity securities of SCC and SCCII Corp. II on
    March 1, 2010, as adjusted as required by applicable rules.
(3)
Includes (i) 34,693,273 Class A shares, 3,801,832
    Class L shares and 1,313,076 preferred shares held by Bain
    Capital Integral Investors, LLC ("Bain Integral"),
    whose administrative member is Bain Capital Investors, LLC
    ("BCI"); and (ii) 156,384 Class A shares,
    70,352 Class L shares and 27,295 preferred shares held by
    BCIP TCV, LLC ("BCIP TCV" and, together with Bain
    Integral, the "Bain Funds"),
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Table of Contents
whose administrative member is BCI. The address of each of the
    entities listed in this footnote is
c/o Bain
Capital, LLC, 111 Huntington Avenue, Boston, Massachusetts 02199.
(4)
Includes (i) 18,317,228 Class A shares, 2,035,248
    Class L shares and 704,509 preferred shares held by
    Blackstone Capital Partners IV L.P. ("BCP IV"),
    whose general partner is Blackstone Management
    Associates IV L.L.C. ("BMA IV");
    (ii) 289,253 Class A shares, 32,139 Class L
    shares and 11,125 preferred shares held by Blackstone Capital
    Partners IV-A L.P. ("BCP IV-A"), whose general partner
    is BMA IV; (iii) 810,541 Class A shares, 90,060
    Class L shares and 31,175 preferred shares held by
    Blackstone Family Investment Partnership IV-A L.P. ("BFIP
    IV-A"), whose general partner is BMA IV; (iv) 66,204
    Class A shares, 7,356 Class L shares and 2,546
    preferred shares held by Blackstone Participation
    Partnership IV L.P. ("BPP IV"), whose general
    partner is BMA IV; (v) 14,444,444 Class A shares,
    1,604,938 Class L shares and 555,556 preferred shares held
    by Blackstone GT Communications Partners L.P.
    ("BGTCP"), whose general partner is Blackstone
    Communications Management Associates I L.L.C. ("BCMA
    IV"); and (vi) 921,986 Class A shares,102,443
    Class L shares and 35,461 preferred shares held by
    Blackstone Family Communications Partnership L.P.
    ("BFCP" and, collectively with BCP IV, BCP IV-A, BFIP
    IV-A, BPP IV and BGTCP, the "Blackstone Funds"), whose
    general partner is BCMA IV. Messrs. Peter G. Peterson and
    Stephen A. Schwarzman are the founding members of BMA IV and
    BCMA IV and as such may be deemed to share beneficial ownership
    of the shares held or controlled by the Blackstone Funds. Each
    of BMA IV and BCMA IV and Messrs. Peterson and Schwarzman
    disclaims beneficial ownership of such shares. The address of
    each of the entities listed in this footnote is
c/o The
Blackstone Group, L.P., 345 Park Avenue, New York, New York
    10154.
(5)
The Goldman Sachs Group, Inc., which we refer to as GS Grup,
    Goldman, Sachs & Co., which we refer to as Goldman
    Sachs, and certain of their affiliates may be deemed to own
    beneficially and indirectly Class A shares, Class L
    shares and preferred shares which are owned directly or
    indirectly by investment partnerships of which affiliates of
    Goldman Sachs and GS Group are the general partner, managing
    limited partner or managing partner. We refer to these
    investment partnerships as the GS Limited Partnerships. Goldman
    Sachs is an affiliate of each of, and investment manager for
    certain of, the GS Limited Partnerships. GS Group, Goldman,
    Sachs and the GS Limited Partnerships share voting power and
    investment power with certain of their respective affiliates.
    The GS Limited Partnerships and their respective beneficial
    ownership of shares of SCC and SCC II include:
    (i) 8,034,125 Class A shares, 892,681 Class L
    shares and 309,005 preferred shares held by GS Capital Partners
    2000, L.P.; (ii) 2,552,674 Class A shares, 283,630
    Class L shares and 98,180 preferred shares held by GS
    Capital Partners 2000 Employee Fund, L.P.; (iii) 2,919,293
    Class A shares, 324,366 Class L shares and preferred
    112,281 held by GS Capital Partners 2000 Offshore, L.P.;
    (iv) 354,921 Class A shares, 39,436 Class L
    shares and 13,651 preferred shares held by Goldman Sachs Direct
    Investment Fund 2000, L.P.; (v) 335,812 Class A
    shares, 37,312 Class L shares and 12,916 preferred shares
    held by GS Capital Partners 2000 GmbH & Co.
    Beteiligungs KG; (vi) 7,475,480 Class A shares,
    830,609 Class L shares and 287,518 preferred shares held by
    GS Capital Partners V Fund, L.P.; (vii) 3,861,537
    Class A shares, 429,060 Class L shares and 148,521
    preferred shares held by GS Capital Partners V Offshore Fund,
    L.P.; (viii) 296,373 Class A shares, 32,930
    Class L shares and 11,399 preferred shares held by GS
    Capital Partners V GmbH & Co. KG; and
    (ix) 2,563,436 Class A shares, 284,826 Class L
    shares and 98,594 preferred shares held by GS Capital Partners V
    Institutional, L.P. Each of Goldman Sachs and GS Group disclaims
    beneficial ownership of the shares owned directly and indirectly
    by the GS Limited Partnerships, except to the extent of their
    pecuniary interest therein, if any. The address for GS Group,
    Goldman Sachs and the GS Limited Partnerships is 200 West
    Street, New York, New York 10282.
(6)
Includes (i) 33,937,852 Class A shares, 3,770,872
    Class L shares and 1,305,302 preferred shares held by KKR
    Millennium Fund L.P. ("KKR Millennium Fund"),
    whose general partner is KKR Associates Millennium L.P., whose
    general partner is KKR Millennium GP LLC; and (ii) 911,806
    Class A shares, 101,312 Class L shares and 35,069
    preferred shares held by KKR Partners III, L.P. ("KKR
    III" and, together with KKR Millennium Fund, the "KKR
    Funds"), whose general partner is KKR III GP LLC. The
    address of each of the entities listed in this footnote is
c/o Kohlberg
Kravis Roberts & Co. L.P., 9 West 57th Street,
    New York, New York 10019.
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Table of Contents
(7)
Includes (i) 18,390,397 Class A shares, 2,043,377
    Class L shares and 707,323 preferred shares held by
    Providence Equity Partners V LP ("PEP V"), whose
    general partner is Providence Equity GP V LP, whose general
    partner is Providence Equity Partners V L.L.C. ("PEP V
    LLC"); and (ii) 2,904,841 Class A shares, 322,760
    Class L shares and 111,725 preferred shares held by
    Providence Equity Partners V-A LP ("PEP V-A" and,
    together with PEP V, the "Providence Equity
    Funds"), whose general partner is Providence Equity GP V
    LP, whose general partner is PEP V LLC. PEP V LLC may be deemed
    to share beneficial ownership of the shares owned by PEP V and
    PEP V-A. PEP V LLC disclaims this beneficial ownership.
    Messrs. Angelakis, Creamer, Masiello, Mathieu, Nelson,
    Pelson and Salem are members of PEP V LLC and may also be deemed
    to possess indirect beneficial ownership of the securities owned
    by the Providence Equity Funds, but disclaim such beneficial
    ownership. The address of each of the entities listed in this
    footnote is
c/o Providence
Equity Partners Inc., 50 Kennedy Plaza, 18th Floor, Providence,
    Rhode Island 02903.
(8)
Includes (i) 34,440,889 Class A shares, 3,826,765
    Class L shares and 1,324,650 preferred shares held by
    Silver Lake Partners II, L.P. ("SLP II"), whose
    general partner is Silver Lake Technology Associates II, L.L.C.
    ("SLTA II"); and (ii) 47,657 Class A shares,
    5,295 Class L shares and 1,833 preferred shares held by
    Silver Lake Technology Investors II, L.P. ("SLTI II"
    and, together with SLP II, the "Silver Lake Funds"),
    whose general partner is SLTA II. The address of each of the
    entities listed in this footnote is
c/o Silver
Lake, 9 West 57th Street, 32nd Floor, New York, New York
    10019.
(9)
Includes (i) 20,745,833 Class A shares, 2,305,093
    Class L shares and 797,917 preferred shares held by TPG
    Partners IV, L.P. ("TPG IV"), whose general partner is
    TPG GenPar IV, L.P. ("TPG GenPar IV"), whose general
    partner is TPG Advisors IV, Inc. ("TPG Advisors IV");
    (ii) 2,349,389 Class A shares, 261,043 Class L
    shares and 90,361 preferred shares held by T3 Partners II, L.P.
    ("T3 Partners II"), whose general partner is T3 GenPar
    II, L.P. ("T3 GenPar II"), whose general partner is T3
    Advisors II, Inc. ("T3 Advisors II");
    (iii) 377,000 Class A shares, 41,889 Class L
    shares and 14,500 preferred shares held by T3 Parallel II, L.P.
    ("T3 Parallel II"), whose general partner is T3 GenPar
    II, whose general partner is T3 Advisors II; (iv) 5,416,667
    Class A shares, 601,852 Class L shares and 208,333
    preferred shares held by TPG Solar III LLC ("TPG Solar
    III"), whose managing member is TPG Partners III, L.P.
    ("TPG Partners III"), whose general partner is TPG
    GenPar III, L.P. ("TPG GenPar III"), whose general
    partner is TPG Advisors III, Inc. ("TPG Advisors
    III"); and (v) 5,960,768 Class A shares, 662,308
    Class L shares and 229,260 preferred shares held by TPG
    Solar Co-Invest LLC ("TPG Solar Co-Invest" and,
    collectively with TPG IV, T3 Partners II, T3 Parallel II
    and TPG Solar III, the "TPG Funds"), whose managing
    member is TPG GenPar IV, whose general partner is TPG Advisors
    IV. Messrs. David Bonderman and James G. Coulter are
    directors, officers and sole shareholders of each of TPG
    Advisors IV, T3 Advisors II and TPG Advisors III. Because
    of these relationships, each of Messrs. Bonderman and
    Coulter and TPG Advisors IV, T3 Advisors II and TPG
    Advisors III may be deemed to have investment powers and
    beneficial ownership with respect to the shares directly held by
    the TPG Funds. The address of each of the entities and persons
    identified in this footnote is
c/o TPG
Capital, L.P., 301 Commerce Street, Fort Worth, Texas 76102.
(10)
Includes the following shares which the beneficial owner has the
    right to acquire within 60 days after March 1, 2010 by
    exercising stock options:
Shares of Class A
Shares of Class L
Shares of
Beneficial Owner
Common Stock
Common Stock
Preferred Stock
James E. Ashton III
408,632
45,167
15,639
Cristóbal Conde
3,141,487
348,947
120,826
Harold C. Finders
424,448
46,937
16,253
James L. Mann
9,538
627
217
Richard C. Tarbox
931,583
103,385
35,792
All 21 directors and officers as a group
7,900,878
870,065
301,247
(11)
Mr. Chu, a director of the Parent Companies and SunGard, is
    a member of BMA IV and BCMA IV and a senior managing director of
    The Blackstone Group, L.P. Amounts disclosed for Mr. Chu
    are also included above in the amounts disclosed in the table
    next to "Blackstone Funds." Mr. Chu disclaims
    beneficial
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ownership of any shares owned directly or indirectly by the
    Blackstone Funds, except to the extent of his pecuniary interest
    therein. Mr. Chu does not have sole voting or investment
    power with respect to the shares owned by the Blackstone Funds.
(12)
In connection with a loan, Mr. Conde pledged the following
    shares as security: 361,111.11 Class A shares, 40,123.46
    Class L shares and 13,888.89 preferred shares.
(13)
Investment and voting decisions at BCI are made jointly by three
    or more individuals who are managing directors of the entity,
    and therefore no individual managing director of BCI is the
    beneficial owner of the securities, except with respect to the
    shares in which such member holds a pecuniary interest.
    Mr. Connaughton, a director of the Parent Companies and
    SunGard, is a member and managing director of BCI and may
    therefore be deemed to beneficially own the amounts disclosed in
    the table next to "Bain Funds." Mr. Connaughton
    disclaims beneficial ownership of any shares owned directly or
    indirectly by the Bain Funds, except to the extent of his
    pecuniary interest therein.
(14)
Mr. Greene, a director of the Parent Companies and SunGard,
    is an executive of Kohlberg Kravis Roberts & Co. L.P.
    and/or one or more of its affiliates. Mr. Greene disclaims
    beneficial ownership of any shares owned directly or indirectly
    by the KKR Funds, except to the extent of his pecuniary interest
    therein.
(15)
Mr. Hutchins, a director of the Parent Companies and
    SunGard, is a managing director of SLTA II. Amounts disclosed
    for Mr. Hutchins are also included above in the amounts
    disclosed in the table next to "Silver Lake Funds."
    Mr. Hutchins disclaims beneficial ownership of any shares
    owned directly or indirectly by the Silver Lake Funds, except to
    the extent of his pecuniary interest therein.
(16)
Mr. Marren, a director of the Parent Companies and SunGard,
    is a senior partner of TPG Capital, L.P., an affiliate of the
    TPG Funds.
(17)
Mr. Mehra, a director of the Parent Companies and SunGard,
    is a managing director of Goldman Sachs. Amounts disclosed for
    Mr. Mehra are also included above in the amounts disclosed
    in the table next to "GS Limited Partnerships."
    Mr. Mehra disclaims beneficial ownership of any shares
    owned directly or indirectly by the GS Limited Partnerships,
    except to the extent of his pecuniary interest therein.
(18)
Ms. Richardson, a director of the Parent Companies and
    SunGard, is a managing director of Providence Equity Partners,
    Inc., an affiliate of the Providence Equity Funds. Amounts
    disclosed for Ms. Richardson are also included above in the
    amounts disclosed in the table next to "Providence Equity
    Funds." Ms. Richardson disclaims beneficial ownership
    of any shares owned directly or indirectly by the Providence
    Equity Funds, except to the extent of her pecuniary interest
    therein.
(19)
Includes the following shares which Mr. Ruane has the right
    to acquire within 60 days after March 1, 2010 by
    exercising stock options: 838,776 Class A shares, 93,173
    Class L shares and 32,261 preferred shares.
(20)
Excluding shares beneficially owned by Ms. Richardson and
    Messrs. Chu, Hutchins and Mehra and by Mr. Ruane, who
    is no longer an executive officer, the number of shares
    beneficially owned by all directors and executive officers as a
    group is as follows: Class A shares — 12,223,857;
    Class L shares — 1,350,372; preferred
    shares — 470,348; percent of classes — 4.79%.
CERTAIN
    RELATIONSHIPS AND RELATED PARTY TRANSACTIONS
Pursuant to our Global Business Conduct and Compliance Program,
    all employees and directors (including our named executives) who
    have, or whose immediate family members have, any financial
    interests in other entities where such involvement is or may
    appear to cause a conflict of interest situation are required to
    report to us the conflict. If the conflict involves a director
    or executive officer or is considered material, the situation
    will be reviewed by the Compliance Committee. The Compliance
    Committee will then consult with the Audit Committee and
    determine whether a conflict exists or will exist, and if so,
    what action should be taken to resolve the conflict or potential
    conflict. In other cases, conflicts are reviewed and resolved by
    the Compliance Committee. Additionally, in connection with the
    Transaction, the Company's four parent companies and the
    Sponsors entered into a principal investor agreement which
    requires affiliated party transactions
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involving the Sponsors to be approved by the majority of
    Sponsors not involved in the affiliated party transaction.
Other than as described under this heading, the Company has not
    adopted any formal policies or procedures for the review,
    approval or ratification of certain related-party transactions
    that may be required to be reported under the SEC disclosure
    rules. Such transactions, if and when they are proposed or have
    occurred, have traditionally been (and will continue to be)
    reviewed by the Audit Committee (other than the committee
    members involved, if any) on a
case-by-case
basis.
On August 11, 2005, upon completion of the Transaction, the
    Company and its four parent companies entered into a management
    agreement with affiliates of each of the Sponsors pursuant to
    which such entities or their affiliates will provide management
    consultant services, including financial, managerial and
    operational advice and implementation of strategies for
    improving the operating, marketing and financial performance of
    the Company and its subsidiaries. Under the management
    agreement, affiliates of the Sponsors receive quarterly annual
    management fees equal to 1% of the Company's quarterly
    "EBITDA," as defined in the Indenture dated
    August 11, 2005 governing the senior notes due 2013 (but
    assuming the management fee had not been paid for purposes of
    such calculation), and reimbursement for out-of-pocket expenses
    incurred by them or their affiliates in connection with the
    provision of management consulting services pursuant to the
    agreement. During the years ended December 31, 2007, 2008
    and 2009, the Company recorded $17 million,
    $23 million and $15 million respectively relating to
    management fees.
In the event that the management agreement is terminated, the
    Sponsors will receive a lump sum payment equal to the present
    value of the annual management fees that would have been payable
    for the remainder of the term of the management agreement. The
    initial term of the management agreement is ten years, and it
    extends annually for one year unless the Sponsors or the Company
    and its parent companies provide notice to the other. Finally,
    the management agreement provides that affiliates of the
    Sponsors will be entitled to receive a fee equal to 1% of the
    gross transaction value in connection with certain subsequent
    financing, acquisition, disposition and change of control
    transactions in excess of a threshold amount.
In addition to serving as a director, Mr. Mann is currently
    an employee of the Company and accordingly in 2009 received
    salary and benefits. See note 2 to the table under
    "Director Compensation."
Our Sponsors
and/or
their
    respective affiliates have from time to time entered into, and
    may continue to enter into, arrangements with us to use our
    products and services in the ordinary course of their business,
    which often result in revenues to SunGard in excess of $120,000
    annually.
In June 2009, certain of our Sponsors
and/or
their
    respective affiliates received fees in connection with
    participating in the refinancing of our senior secured credit
    facility. Kohlberg Kravis Roberts & Co. received
    $525,548, Goldman Sachs & Co. received $427,612, The
    Blackstone Group received $251,046, Bain Capital Partners
    received $242,183 and TPG received $111,938.
Effective February 16, 2007, we entered into a three-year
    participation agreement with one-year renewal terms
    ("participation agreement") with Core
    Trust Purchasing Group, a division of HealthTrust
    Purchasing Corporation ("CPG"), designating CPG as our
    exclusive "group purchasing organization" for the
    purchase of certain products and services from third party
    vendors. CPG secures from vendors pricing terms for goods and
    services that are believed to be more favorable than
    participants in the group purchasing organization could obtain
    for themselves on an individual basis. Under the participation
    agreement, we must purchase 80% of the requirements of our
    participating locations for core categories of specified
    products and services, from vendors participating in the group
    purchasing arrangement with CPG or CPG may terminate the
    contract. In connection with purchases by its participants
    (including us), CPG receives a commission from the vendors in
    respect of such purchases. Although CPG is not affiliated with
    Blackstone, in consideration for Blackstone's facilitating
    our participation in CPG and monitoring the services CPG
    provides to us, CPG remits a portion of the commissions received
    from vendors in respect of our purchases under the participation
    agreement to an affiliate of Blackstone, with whom Chinh E. Chu,
    a member of our Boards of Directors, is affiliated and in which
    he may have an indirect pecuniary interest.
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DIRECTOR
    INDEPENDENCE
SCC, SCCII and SunGard are privately-held corporations. Our
    Sponsor Directors are not independent because of their
    affiliations with funds which hold more than 5% equity interests
    in the Parent Companies. Messrs. Conde and Mann are not
    independent directors because they are currently employed by the
    Company.
DESCRIPTION
    OF OTHER INDEBTEDNESS
Senior
    Secured Credit Facilities
Overview
In connection with the Transaction, we entered into a senior
    secured credit agreement with J.P. Morgan Securities Inc.,
    as joint lead arranger and joint bookrunner, Citigroup Global
    Markets Inc., as joint lead arranger, joint bookrunner and
    co-syndication agent, Deutsche Bank Securities Inc., as joint
    bookrunner and co-syndication agent, and JPMorgan Chase Bank,
    N.A. as administrative agent and collateral agent.
The senior secured credit facilities entered into in connection
    with the Transaction provided senior secured financing of
    $5,000 million, consisting of:
•
$4,000 million-equivalent in term loan facilities,
    comprised of a $3,685 million facility and
    $315 million-equivalent facilities, $165 million of
    which is denominated in euros and $150 million of which is
    denominated in pounds sterling; and
•
a $1,000 million revolving credit facility.
In February 2007, we entered into an amendment to, among other
    things, increase the amount of term loan facilities by
    $400 million. After giving effect to the amendment, the
    aggregate amount of the U.S. dollar denominated portion of
    the term loan facilities was approximately $4,030 million.
In September 2008, we entered into a second amendment to, among
    other things, increase the amount of term loan facilities by
    $500 million. After giving effect to the second amendment,
    the aggregate amount of the U.S. dollar denominated portion
    of the term loan facilities was approximately
    $4,459 million.
In June 2009, we entered into an amendment and restatement to,
    among other things, (a) extend the maturity date of
    $2.5 billion of dollar-denominated term loans,
    £40 million of pound sterling-denominated term loans,
    and €120 million of euro-denominated term loans to
    February 28, 2016, (b) reduce existing revolving
    credit commitments to $829 million and extend the
    termination date of $580 million of revolving credit
    commitments to May 11, 2013, and (c) amend certain
    other provisions, including provisions relating to negative
    covenants and financial covenants.
SunGard is the primary borrower under the senior secured credit
    facilities, except that a U.K. subsidiary, organized under the
    laws of the United Kingdom, is the borrower under the sterling
    and euro term loan facilities. We also have the ability to
    designate one or more of our other U.K. subsidiaries as
    borrowers under the revolving credit facility. The revolving
    credit facility includes borrowing capacity available for
    letters of credit and for borrowings on
same-day
notice referred to as the swingline loans and is available in
    U.S. dollars, euros and pound sterling.
Interest
    Rate and Fees
Borrowings under the senior secured credit facilities bear
    interest at a rate equal to an applicable margin plus, at our
    option, either (a) a base rate determined by reference to
    the higher of (1) the prime rate of JPMorgan Chase Bank,
    N.A. and (2) the federal funds rate plus
1
/
2
of 1% or (b) a LIBOR rate determined by reference to the
    costs of funds for deposits in the currency of such borrowing
    for either 30, 60, 90 or 180 days. The initial applicable
    margin for borrowings was, under the revolving credit facility,
    1.50% with respect to base rate borrowings and 2.50% with
    respect to LIBOR borrowings and, under the term loan facilities,
    1.50% with respect to base rate borrowings and 2.50% with
    respect to LIBOR borrowings.
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In February 2007, we entered into an amendment to, among other
    things, reduce the interest rate margin on all outstanding term
    loans under the senior secured credit agreement with respect to
    both base rate borrowings and LIBOR borrowings, subject to our
    attaining certain leverage ratios.
The second amendment in September 2008 changed certain terms
    applicable to the incremental term loan. Borrowings can either
    be at a base rate or a eurocurrency rate. Base rate borrowings
    reset daily and bear interest at a minimum of 4.0% plus a spread
    of 2.75%. Eurocurrency borrowings can be made for periods of 30,
    60, 90 or 180 days and bear interest at a minimum of 3.0%
    plus a spread of 3.75%. The interest rate at December 31,
    2009 was 6.75%.
Pursuant to the June 2009 amendment and restatement, interest
    rate spreads with respect to the extended term loans and
    interest rate spreads (and letter of credit fees) with respect
    to the extended portion of the revolving credit facility will be
    the applicable rate as set forth in the amended and restated
    agreement. All other interest rate spreads and fees remain
    unchanged, however, the 30 day borrowing option is not
    available for the extended term loans. As of December 31,
    2009, the interest rate for the extended term loans, after
    adjusting for interest rate swaps, was 6.79% and for the
    unextended term loans, after adjusting for interest rate swaps,
    was 3.24%.
In addition to paying interest on outstanding principal under
    the senior secured credit facilities, we are required to pay a
    commitment fee to the lenders under the revolving credit
    facility in respect of the unutilized commitments thereunder.
    The commitment fee rates with respect to unused commitments
    terminating in 2011 and unused commitments terminating in 2013
    are 0.50% per annum and 0.75% per annum, respectively, and may
    change subject to attaining certain leverage ratios. We must
    also pay customary letter of credit fees.
Prepayments
The senior secured credit agreement requires us to prepay
    outstanding term loans, subject to certain exceptions, with:
•
50% (which percentage is reduced to 0% if our total leverage
    ratio is less than 5.00 to 1.00) of our annual excess cash flow;
•
100% of the net cash proceeds of all nonordinary course asset
    sales or other dispositions of property by SunGard Holdco LLC
    and its subsidiaries (including insurance and condemnation
    proceeds), other than the sale of receivables in connection with
    the receivables facility, if we do not commit to reinvest those
    proceeds in assets to be used in our business or to make certain
    other permitted investments within 15 months as long as
    such reinvestment is completed within 180 days;
•
100% of the net cash proceeds of any incurrence of debt, other
    than proceeds from the receivables facility and other debt
    permitted under the senior secured credit agreement; and
•
100% of the net cash proceeds of financings under the
    receivables facility in excess of $750 million, including
    increases in the amount of the receivables facility.
The foregoing mandatory prepayments are applied pro rata to the
    term loan facilities and to installments of the term loan
    facilities.
We may voluntarily repay outstanding loans under the senior
    secured credit facilities at any time without premium or
    penalty, other than customary "breakage" costs with
    respect to LIBOR loans.
Amortization
We are required to repay installments on the loans under the
    term loan facilities in quarterly principal amounts of 0.25% of
    their funded total principal amount through their respective
    maturity dates with the remaining amount payable on their
    respective maturity dates. Maturity dates for all our term loan
    facilities will automatically become May 15, 2013 if all
    the senior notes are not extended, renewed or refinanced on or
    prior to May 15, 2013 and the maturity dates for our
    extended term loan facilities will automatically become
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May 15, 2015 if all the senior subordinated notes are not
    extended, renewed or refinanced on or prior to May 15, 2015.
Principal amounts outstanding under the revolving credit
    facility are due and payable in full at maturity on
    August 11, 2011 for the unextended portion of the revolving
    credit facility and on May 11, 2013 for the extended
    portion.
Guarantee
    and Security
All obligations under the senior secured credit agreement are
    unconditionally guaranteed by SunGard Holdco LLC and, subject to
    certain exceptions, each of our existing and future domestic
    wholly owned subsidiaries, referred to, collectively, as
    U.S. Guarantors. In addition, if our U.K. subsidiary
    borrowers borrow under the revolving credit facility, those
    borrowings are required to be unconditionally guaranteed by
    certain of our wholly owned U.K. subsidiaries.
All obligations under the senior secured credit facilities, and
    the guarantees of those obligations, are secured by
    substantially all the following assets of SunGard Holdco LLC, us
    and each U.S. Guarantor, subject to certain exceptions:
•
a pledge of 100% of the capital stock of SunGard Data Systems
    Inc., 100% of the capital stock of each U.S. Guarantor and
    65% of the capital stock of each of our wholly owned foreign
    subsidiaries that are directly owned by us or one of the
    U.S. Guarantors; and
•
a security interest in, and mortgages on, substantially all
    tangible and intangible assets of SunGard Holdco LLC, SunGard
    Data Systems Inc. and each U.S. Guarantor.
In addition, any obligations of U.K. borrowers under the
    revolving credit facility, and any U.K. guarantees of such
    obligations, are required to be secured by the following
    (subject to certain exceptions and only to the extent that the
    granting of such security interests does not give rise to the
    requirement that the senior secured notes described under
    "— Senior Secured Notes" below be equally
    and ratably secured by such assets):
•
a pledge of the capital stock of each U.K. borrower and each
    U.K. guarantor; and
•
a lien on substantially all tangible and intangible assets of
    each U.K. borrower and each U.K. guarantor.
Certain
    Covenants and Events of Default
The senior secured credit agreement contains a number of
    covenants that, among other things, restrict, subject to certain
    exceptions, our ability to:
•
incur additional indebtedness or issue preferred stock;
•
create liens on assets;
•
enter into sale and leaseback transactions;
•
engage in mergers or consolidations;
•
sell assets;
•
pay dividends and distributions or repurchase our capital stock;
•
make investments, loans or advances;
•
make capital expenditures;
•
repay subordinated indebtedness (including the senior
    subordinated notes);
•
make certain acquisitions;
•
engage in certain transactions with affiliates;
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•
amend material agreements governing our subordinated
    indebtedness (including the senior subordinated notes);
•
change our lines of business; and
•
change the status of SunGard Holdco LLC as a passive holding
    company.
In addition, the senior secured credit agreement requires us to
    maintain the following financial covenants:
•
a maximum total leverage ratio; and
•
a minimum interest coverage ratio.
The senior secured credit agreement also contains certain
    customary affirmative covenants and events of default.
Receivables
    Facility
In connection with the Transaction, certain of our domestic
    subsidiaries entered into a receivables facility that provided,
    in the aggregate, up to $375 million in funding for a
    period of six years following the closing of the Transaction. In
    December 2005, the agreements governing the principal
    receivables facility were amended to, among other things,
    increase the aggregate availability from $375 million to a
    maximum amount of $450 million and change certain other
    terms thereof, and the company terminated its transitional
    receivables facility (which had provided an amount of funding up
    to a maximum of $375 million less that amount of funding
    under the principal receivables facility). In December 2008, we
    terminated our accounts receivable securitization program. Under
    the accounts receivable facility, eligible receivables were sold
    to third-party conduits through a wholly owned, bankruptcy
    remote special purpose entity that is not consolidated for
    financial reporting purposes. We serviced the receivables and
    charged a monthly servicing fee at market rates. The third-party
    conduits were sponsored by certain lenders under our senior
    secured credit facilities.
In March 2009, SunGard AR Financing LLC, a newly-formed
    wholly-owned, bankruptcy-remote, special purpose financing
    subsidiary ("Financing") of the company entered into a
    syndicated
three-year
receivables facility. The facility limit is $317 million of
    which approximately $136 million is on a revolving basis
    and the balance is a term loan.
Subject to obtaining the commitment of additional lenders, and
    the satisfaction of other customary conditions, the receivables
    facility may be increased up to a maximum amount of
    $500 million.
In May 2009, the company increased the size of its receivables
    facility by $66.5 million.
At December 31, 2009, $181 million was drawn against
    the term loan commitment and $69 million was drawn against
    the revolving commitment, representing the full amount available
    for borrowing. Subsidiaries of the company that participate in
    the receivables facility ("Sellers") transfer their
    receivables as a true sale to Financing pursuant to the
    Receivables Sale Agreement dated as of March 27, 2009 (the
    "Receivables Sale Agreement") and without recourse
    except for recourse for breaches of customary representations
    and warranties related to the receivables. Additional
    subsidiaries of the company may become parties to the
    receivables facility, subject to the satisfaction of specified
    conditions. Upon becoming parties, receivables originated by
    these subsidiaries will be included in the receivables balance
    eligible for funding under the receivables facility and will be
    included in the calculation of available funding thereunder.
Availability of funding under the receivables facility depends
    primarily upon the outstanding trade accounts receivable balance
    of the Sellers. Aggregate availability is determined by using a
    formula that reduces the gross receivables balance by factors
    that take into account historical default and dilution rates,
    excessive concentrations and average days outstanding and the
    costs of the facility.
Interest
    Rates and Fees
Under the receivables facility, Financing is generally required
    to pay interest on the amount of each advance at the one month
    LIBOR rate, adjusted for statutory reserves, plus 4.50% per
    annum. Financing is
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required to pay a fee on the unused portion of the receivables
    facility of 1.00% per annum, payable monthly in arrears. In
    addition, the company, acting as the initial receivables
    servicer, services, administers and collects receivables
    transferred pursuant to the receivables facility. Under the
    receivables facility, the company receives a monthly servicing
    fee of 1.00% per annum of the daily average outstanding balance
    of the receivables under such facility, payable monthly in
    arrears by Financing.
The receivables facility may be terminated for material breaches
    of representations and warranties, bankruptcies of any Seller,
    the collection agent or Financing, a default by any Seller or
    Financing in the performance of any payment required to be made
    under the transaction documents, a merger or similar transaction
    involving Financing, cross acceleration under our other
    facilities, a change of control affecting the company, and a
    failure to maintain a minimum fixed charge coverage ratio, among
    other reasons.
Guaranty
    and Security
The company unconditionally guarantees the performance of the
    Sellers' obligations under the Receivables Sale Agreement.
    All obligations under the receivables facility are secured by
    the receivables purchased by Financing under the Receivables
    Sale Agreement.
Senior
    Secured Notes
In January 2004, SunGard issued $250 million aggregate
    principal amount of 3.750% senior notes due 2009 and
    $250 million aggregate principal amount of
    4.875% senior notes due 2014 under a single indenture. Upon
    consummation of the Transaction, the senior secured notes became
    secured on an equal and ratable basis with loans under the
    senior secured credit facilities to the extent required by the
    indenture governing the senior secured notes and are guaranteed
    by all our subsidiaries that guarantee the notes. The terms of
    the indenture governing the senior secured notes provide that,
    in addition to customary events of default, a payment default or
    other default resulting in acceleration of payment obligations
    under any other indebtedness of SunGard or its subsidiaries
    aggregating more than $75 million, including the notes,
    constitute an event of default under the indenture governing the
    senior secured notes.
In January 2009, SunGard repaid the 3.750% senior notes due
    2009 in full at maturity.
DESCRIPTION
    OF SENIOR NOTES DUE 2013
General
Certain terms used in this description are defined under the
    subheading "Certain Definitions." In this description,
    (i) the terms "
we
," "
our
"
    and "
us
" each refer to (a) prior to the
    consummation of the Acquisition, Solar Capital Corp. and not any
    of its Affiliates and (b) from and after the consummation
    of the Acquisition, SunGard Data Systems Inc.
    ("
SunGard
") and its consolidated Subsidiaries,
    assuming completion of the Transaction; and (ii) the term
    "
Issuer
" refers only to (a) prior to the
    consummation of the Acquisition, Solar Capital Corp. and not any
    of its Affiliates and (b) from and after the consummation
    of the Acquisition, SunGard Data Systems Inc. and not any of its
    Subsidiaries.
The Issuer issued $1,600 million aggregate principal amount
    of 9
1
/
8
% senior
    notes due 2013 (the "
Senior Notes
") under an
    indenture dated August 11, 2005 (the
    "
Indenture
") among the Issuer, the Guarantors
    and The Bank of New York, as trustee (the
    "
Trustee
"). The Senior Notes were issued in a
    private transaction that was not subject to the registration
    requirements of the Securities Act. Except as set forth herein,
    the terms of the Senior Notes are substantially identical and
    include those stated in the Indenture and those made part of the
    Indenture by reference to the Trust Indenture Act.
The following description is only a summary of the material
    provisions of the Indenture, does not purport to be complete and
    is qualified in its entirety by reference to the provisions of
    those agreements, including the definitions therein of certain
    terms used below. We urge you to read the Indenture because it,
    not this description, defines your rights as Holders of the
    Senior Notes. You may request copies of the Indenture at our
    address set forth under the heading "Prospectus
    Summary."
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Brief
    Description of Senior Notes
The Senior Notes are:
•
unsecured senior obligations of the Issuer;
•
pari passu
in right of payment with all existing and
    future Senior Indebtedness (including the Senior Credit
    Facilities and Senior Secured Notes) of the Issuer;
•
effectively subordinated to all secured Indebtedness of the
    Issuer (including the Senior Credit Facilities and Senior
    Secured Notes);
•
senior in right of payment to any future Subordinated
    Indebtedness (as defined with respect to the Senior Notes)
    (including the Senior Subordinated Notes) of the Issuer;
•
initially guaranteed on a senior unsecured basis by each
    Restricted Subsidiary that guarantees the Senior Credit
    Facilities; and
•
subject to registration with the SEC pursuant to a Registration
    Rights Agreement.
Guarantees
The Guarantors, as primary obligors and not merely as sureties,
    jointly and severally irrevocably and unconditionally guarantee,
    on an unsecured senior basis, the performance and full and
    punctual payment when due, whether at maturity, by acceleration
    or otherwise, of all obligations of the Issuer under the
    Indenture and the Senior Notes, whether for payment of principal
    of or interest on or Additional Interest in respect of the
    Senior Notes, expenses, indemnification or otherwise, on the
    terms set forth in the Indenture by executing the Indenture.
The Restricted Subsidiaries (other than as detailed below)
    guarantee the Senior Notes. Each of the Guarantees of the Senior
    Notes is a general unsecured obligation of each Guarantor and is
pari passu
in right of payment with all existing and
    future Senior Indebtedness of each such entity, is effectively
    subordinated to all secured Indebtedness of each such entity and
    is senior in right of payment to all existing and future
    Subordinated Indebtedness (including the Senior Subordinated
    Notes) of each such entity. The Senior Notes are structurally
    subordinated to Indebtedness of Subsidiaries of the Issuer that
    do not Guarantee the Senior Notes.
Not all of the Issuer's Subsidiaries guarantee the Senior
    Notes. In the event of a bankruptcy, liquidation or
    reorganization of any of these non-guarantor Subsidiaries, the
    non-guarantor Subsidiaries will pay the holders of their debt
    and their trade creditors before they will be able to distribute
    any of their assets to the Issuer. None of our Foreign
    Subsidiaries, broker-dealer subsidiaries, non-Wholly Owned
    Subsidiaries (subject to certain limited exceptions) or any
    Receivables Subsidiary guarantee the Senior Notes. As of
    December 31, 2009, the non-guarantor Subsidiaries generated
    40% and 20% of SunGard's total revenue and EBITDA,
    respectively. In addition, as of December 31, 2009, the
    non-guarantor Subsidiaries held 29% of SunGard's
    consolidated assets.
The obligations of each Guarantor under its Guarantees are
    limited as necessary to prevent the Guarantees from constituting
    a fraudulent conveyance under applicable law.
Any entity that makes a payment under its Guarantee is entitled
    upon payment in full of all guaranteed obligations under the
    Indenture to a contribution from each other Guarantor in an
    amount equal to such other Guarantor's pro rata portion of
    such payment based on the respective net assets of all the
    Guarantors at the time of such payment determined in accordance
    with GAAP.
If a Guarantee were rendered voidable, it could be subordinated
    by a court to all other indebtedness (including guarantees and
    other contingent liabilities) of the Guarantor, and, depending
    on the amount of such indebtedness, a Guarantor's liability
    on its Guarantee could be reduced to zero. See "Risk
    Factors — Risks Related to the Notes —
    Federal and state fraudulent transfer laws may permit a court to
    void the notes and the related guarantees of the notes, and, if
    that occurs, you may not receive any payments on the notes."
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A Guarantee by a Guarantor provides by its terms that it shall
    be automatically and unconditionally released and discharged
    upon:
(1) (a) any sale, exchange or transfer (by merger or
    otherwise) of the Capital Stock of such Guarantor (including any
    sale, exchange or transfer), after which the applicable
    Guarantor is no longer a Restricted Subsidiary or all or
    substantially all the assets of such Guarantor which sale,
    exchange or transfer is made in compliance with the applicable
    provisions of the Indenture;
(b) the release or discharge of the guarantee by such
    Guarantor of the Senior Credit Facilities or the guarantee which
    resulted in the creation of such Guarantee, except a discharge
    or release by or as a result of payment under such guarantee;
(c) the proper designation of any Restricted Subsidiary
    that is a Guarantor as an Unrestricted Subsidiary; or
(d) the Issuer exercising its legal defeasance option or
    covenant defeasance option as described under "Legal
    Defeasance and Covenant Defeasance" or the Issuer's
    obligations under the Indenture being discharged in accordance
    with the terms of the Indenture; and
(2) such Guarantor delivering to the Trustee an
    Officer's Certificate and an Opinion of Counsel, each
    stating that all conditions precedent provided for in the
    Indenture relating to such transaction have been complied with.
Ranking
Senior
    Secured Indebtedness Versus the Senior Notes
The payment of the principal of, premium, if any, and interest
    on the Senior Notes and the payment of any Guarantee rank
pari passu
in right of payment to all Senior Indebtedness
    of the Issuer or the relevant Guarantor, as the case may be,
    including the obligations of the Issuer and such Guarantor under
    the Senior Credit Facilities and the Senior Secured Notes.
The Senior Notes are effectively subordinated in right of
    payment to all of the Issuer's and the Guarantor's
    existing and future secured Indebtedness to the extent of the
    value of the assets securing such Indebtedness. As of
    December 31, 2009, SunGard had $4,967 million of
    secured Indebtedness, consisting entirely of secured
    Indebtedness under the Senior Credit Facilities and the Senior
    Secured Notes (which have a face amount of $250 million,
    but are recorded at $234 million and have been secured as
    of the Issue Date). As of December 31, 2009,
    $250 million was outstanding under our Receivables Facility.
Although the Indenture contains limitations on the amount of
    additional Indebtedness that the Issuer and the Guarantors may
    incur, under certain circumstances the amount of such
    Indebtedness could be substantial and, in any case, such
    Indebtedness may be Senior Indebtedness. See "Certain
    Covenants — Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock."
Paying
    Agent and Registrar for the Senior Notes
The Issuer maintains one or more paying agents for the Senior
    Notes in the Borough of Manhattan, City of New York. The initial
    paying agent for the Senior Notes is the Trustee.
The Issuer also maintains a registrar with offices in the
    Borough of Manhattan, City of New York. The initial registrar is
    the Trustee. The registrar maintains a register reflecting
    ownership of the Senior Notes outstanding from time to time and
    makes payments on and facilitates transfer of Senior Notes on
    behalf of the Issuer.
The Issuer may change the paying agents or the registrars
    without prior notice to the Holders. The Issuer or any of its
    Subsidiaries may act as a paying agent or registrar.
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Transfer
    and Exchange
A Holder may transfer or exchange Senior Notes in accordance
    with the Indenture. The registrar and the Trustee may require a
    Holder to furnish appropriate endorsements and transfer
    documents in connection with a transfer of Senior Notes. Holders
    will be required to pay all taxes due on transfer. The Issuer is
    not required to transfer or exchange any Senior Note selected
    for redemption. Also, the Issuer is not required to transfer or
    exchange any Senior Note for a period of 15 days before a
    selection of Senior Notes to be redeemed.
Principal,
    Maturity and Interest
The Issuer issued $1,600 million of Senior Notes in this
    offering. The Senior Notes mature on August 15, 2013.
    Subject to compliance with the covenant described below under
    the caption "Certain Covenants — Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock," the Issuer may issue additional
    Senior Notes from time to time after this offering under the
    Indenture ("
Additional Senior Notes
"). Holders
    of each series of Senior Notes do not have separate rights to,
    among other things, give notice of Defaults or to direct the
    Trustee to exercise remedies during Event of Default or
    otherwise. The Senior Notes offered by the Issuer and any
    Additional Senior Notes subsequently issued under the Indenture
    are treated as a single class for all purposes under the
    Indenture, including waivers, amendments, redemptions and offers
    to purchase. Unless the context requires otherwise, references
    to "Senior Notes" for all purposes of the Indenture
    and this "Description of Senior Notes" include any
    Additional Senior Notes that are actually issued.
Interest on the Senior Notes accrues at the rate of 9
1
/
8
%
    per annum and is payable semi-annually in arrears on February 15
    and August 15, commencing on February 15, 2006, to the
    Holders of Senior Notes of record on the immediately preceding
    February 1 and August 1. Interest on the Senior Notes
    accrues from the most recent date to which interest has been
    paid or, if no interest has been paid, from and including the
    Issue Date. Interest on the Senior Notes is computed on the
    basis of a
360-day
year
    comprised of twelve
30-day
months.
Additional
    Interest
Additional Interest may accrue on the Senior Notes in certain
    circumstances pursuant to the Registration Rights Agreement. All
    references in the Indenture, in any context, to any interest or
    other amount payable on or with respect to the Senior Notes
    shall be deemed to include any Additional Interest pursuant to
    the Registration Rights Agreement. Principal of, premium, if
    any, and interest on the Senior Notes are payable at the office
    or agency of the Issuer maintained for such purpose within the
    City and State of New York or, at the option of the Issuer,
    payment of interest may be made by check mailed to the Holders
    of the Senior Notes at their respective addresses set forth in
    the register of Holders;
provided
that all payments of
    principal, premium, if any, and interest with respect to the
    Senior Notes represented by one or more global notes registered
    in the name of or held by DTC or its nominee are made by wire
    transfer of immediately available funds to the accounts
    specified by the Holder or Holders thereof. Until otherwise
    designated by the Issuer, the Issuer's office or agency in
    New York is the office of the Trustee maintained for such
    purpose.
Mandatory
    Redemption; Offers to Purchase; Open Market Purchases
The Issuer is not required to make any mandatory redemption or
    sinking fund payments with respect to the Senior Notes. However,
    under certain circumstances, the Issuer may be required to offer
    to purchase Senior Notes as described under the caption
    "Repurchase at the Option of Holders." We may at any
    time and from time to time purchase Senior Notes in the open
    market or otherwise.
Optional
    Redemption
Except as set forth below, the Issuer is not entitled to redeem
    Senior Notes at its option prior to August 15, 2009.
At any time prior to August 15, 2009, the Issuer may redeem
    all or a part of the Senior Notes, upon not less than 30 nor
    more than 60 days' prior notice mailed by first-class
    mail to the registered address of each
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Holder of Senior Notes, at a redemption price equal to 100% of
    the principal amount of the Senior Notes redeemed plus the
    Applicable Premium as of, and accrued and unpaid interest and
    Additional Interest, if any, to the date of redemption (the
    "
Redemption Date
"), subject to the rights
    of Holders of Senior Notes on the relevant record date to
    receive interest due on the relevant interest payment date.
On and after August 15, 2009, the Issuer may redeem the
    Senior Notes, in whole or in part, upon notice as described
    under the heading "Repurchase at the Option of
    Holders — Selection and Notice," at the
    redemption prices (expressed as percentages of principal amount
    of the Senior Notes to be redeemed) set forth below, plus
    accrued and unpaid interest thereon and Additional Interest, if
    any, to the applicable Redemption Date, subject to the
    right of Holders of Senior Notes of record on the relevant
    record date to receive interest due on the relevant interest
    payment date, if redeemed during the twelve-month period
    beginning on August 15 of each of the years indicated below:
Year
Percentage
2009
104.563
%
2010
102.281
%
2011 and thereafter
100.000
%
In addition, until August 15, 2008, the Issuer may, at its
    option, on one or more occasions redeem up to 35% of the
    aggregate principal amount of Senior Notes at a redemption price
    equal to 109.125% of the aggregate principal amount thereof,
    plus accrued and unpaid interest thereon and Additional
    Interest, if any, to the applicable Redemption Date,
    subject to the right of Holders of Senior Notes of record on the
    relevant record date to receive interest due on the relevant
    interest payment date, with the net cash proceeds of one or more
    Equity Offerings;
provided
that at least 50% of the sum
    of the aggregate principal amount of Senior Notes originally
    issued under the Indenture and any Additional Senior Notes
    issued under the Indenture after the Issue Date remains
    outstanding immediately after the occurrence of each such
    redemption;
provided further
that each such redemption
    occurs within 90 days of the date of closing of each such
    Equity Offering.
Notice of any redemption upon any Equity Offering may be given
    prior to the redemption thereof, and any such redemption or
    notice may, at the Issuer's discretion, be subject to one
    or more conditions precedent, including, but not limited to,
    completion of the related Equity Offering.
The Trustee shall select the Senior Notes to be purchased in the
    manner described under "Repurchase at the Option of
    Holders — Selection and Notice."
Repurchase
    at the Option of Holders
Change
    of Control
The Senior Notes provide that if a Change of Control occurs,
    unless the Issuer has previously or concurrently mailed a
    redemption notice with respect to all the outstanding Senior
    Notes as described under "Optional Redemption," the
    Issuer will make an offer to purchase all of the Senior Notes
    pursuant to the offer described below (the "
Change of
    Control Offer
") at a price in cash (the "
Change
    of Control Payment
") equal to 101% of the aggregate
    principal amount thereof plus accrued and unpaid interest and
    Additional Interest, if any, to the date of purchase, subject to
    the right of Holders of the Senior Notes of record on the
    relevant record date to receive interest due on the relevant
    interest payment date. Within 30 days following any Change
    of Control, the Issuer will send notice of such Change of
    Control Offer by first-class mail, with a copy to the Trustee,
    to each Holder of Senior Notes to the address of such Holder
    appearing in the security register with a copy to the Trustee,
    with the following information:
(1) that a Change of Control Offer is being made pursuant
    to the covenant entitled "Change of Control," and that
    all Senior Notes properly tendered pursuant to such Change of
    Control Offer will be accepted for payment by the Issuer;
(2) the purchase price and the purchase date, which will be
    no earlier than 30 days nor later than 60 days from
    the date such notice is mailed (the "
Change of Control
    Payment Date
");
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(3) that any Senior Note not properly tendered will remain
    outstanding and continue to accrue interest;
(4) that unless the Issuer defaults in the payment of the
    Change of Control Payment, all Senior Notes accepted for payment
    pursuant to the Change of Control Offer will cease to accrue
    interest on the Change of Control Payment Date;
(5) that Holders electing to have any Senior Notes
    purchased pursuant to a Change of Control Offer will be required
    to surrender such Senior Notes, with the form entitled
    "Option of Holder to Elect Purchase" on the reverse of
    such Senior Notes completed, to the paying agent specified in
    the notice at the address specified in the notice prior to the
    close of business on the third Business Day preceding the Change
    of Control Payment Date;
(6) that Holders will be entitled to withdraw their
    tendered Senior Notes and their election to require the Issuer
    to purchase such Senior Notes,
provided
that the paying
    agent receives, not later than the close of business on the
    30th day following the date of the Change of Control
    notice, a telegram, telex, facsimile transmission or letter
    setting forth the name of the Holder of the Senior Notes, the
    principal amount of Senior Notes tendered for purchase, and a
    statement that such Holder is withdrawing its tendered Senior
    Notes and its election to have such Senior Notes purchased;
(7) that if the Issuer is redeeming less than all of the
    Senior Notes, the Holders of the remaining Senior Notes will be
    issued new Senior Notes and such new Senior Notes will be equal
    in principal amount to the unpurchased portion of the Senior
    Notes surrendered. The unpurchased portion of the Senior Notes
    must be equal to $2,000 or an integral multiple thereof; and
(8) the other instructions, as determined by us, consistent
    with the covenant described hereunder, that a Holder must follow.
The Issuer will comply with the requirements of
Rule 14e-1
under the Exchange Act and any other securities laws and
    regulations thereunder to the extent such laws or regulations
    are applicable in connection with the repurchase of Senior Notes
    pursuant to a Change of Control Offer. To the extent that the
    provisions of any securities laws or regulations conflict with
    the provisions of the Indenture, the Issuer will comply with the
    applicable securities laws and regulations and shall not be
    deemed to have breached its obligations described in the
    Indenture by virtue thereof.
On the Change of Control Payment Date, the Issuer will, to the
    extent permitted by law,
(1) accept for payment all Senior Notes issued by it or
    portions thereof properly tendered pursuant to the Change of
    Control Offer,
(2) deposit with the paying agent an amount equal to the
    aggregate Change of Control Payment in respect of all Senior
    Notes or portions thereof so tendered, and
(3) deliver, or cause to be delivered, to the Trustee for
    cancellation the Senior Notes so accepted together with an
    Officer's Certificate to the Trustee stating that such
    Senior Notes or portions thereof have been tendered to and
    purchased by the Issuer.
The Senior Credit Facilities, and future credit agreements or
    other agreements relating to Senior Indebtedness to which the
    Issuer becomes a party may, provide that certain change of
    control events with respect to the Issuer would constitute a
    default thereunder (including a Change of Control under the
    Indenture). If we experience a change of control that triggers a
    default under our Senior Credit Facilities, we could seek a
    waiver of such default or seek to refinance our Senior Credit
    Facilities. In the event we do not obtain such a waiver or
    refinance the Senior Credit Facilities, such default could
    result in amounts outstanding under our Senior Credit Facilities
    being declared due and payable and cause a Receivables Facility
    to be wound-down.
Our ability to pay cash to the Holders of Senior Notes following
    the occurrence of a Change of Control may be limited by our
    then-existing financial resources. Therefore, sufficient funds
    may not be available when necessary to make any required
    repurchases.
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The Change of Control purchase feature of the Senior Notes may
    in certain circumstances make more difficult or discourage a
    sale or takeover of us and, thus, the removal of incumbent
    management. The Change of Control purchase feature is a result
    of negotiations between the Initial Purchasers and us. We have
    no present intention to engage in a transaction involving a
    Change of Control, although it is possible that we could decide
    to do so in the future. Subject to the limitations discussed
    below, we could, in the future, enter into certain transactions,
    including acquisitions, refinancings or other recapitalizations,
    that would not constitute a Change of Control under the
    Indenture, but that could increase the amount of indebtedness
    outstanding at such time or otherwise affect our capital
    structure or credit ratings. Restrictions on our ability to
    incur additional Indebtedness are contained in the covenants
    described under "Certain Covenants — Limitation
    on Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock" and "Certain
    Covenants — Liens." Such restrictions in the
    Indenture can be waived only with the consent of the Holders of
    a majority in principal amount of the Senior Notes then
    outstanding. Except for the limitations contained in such
    covenants, however, the Indenture does not contain any covenants
    or provisions that may afford Holders of the Senior Notes
    protection in the event of a highly leveraged transaction.
We will not be required to make a Change of Control Offer
    following a Change of Control if a third party makes the Change
    of Control Offer in the manner, at the times and otherwise in
    compliance with the requirements set forth in the Indenture
    applicable to a Change of Control Offer made by us and purchases
    all Senior Notes validly tendered and not withdrawn under such
    Change of Control Offer. Notwithstanding anything to the
    contrary herein, a Change of Control Offer may be made in
    advance of a Change of Control, conditional upon such Change of
    Control, if a definitive agreement is in place for the Change of
    Control at the time of making of the Change of Control Offer.
The definition of "Change of Control" includes a
    disposition of all or substantially all of the assets of the
    Issuer to any Person. Although there is a limited body of case
    law interpreting the phrase "substantially all," there
    is no precise established definition of the phrase under
    applicable law. Accordingly, in certain circumstances there may
    be a degree of uncertainty as to whether a particular
    transaction would involve a disposition of "all or
    substantially all" of the assets of the Issuer. As a
    result, it may be unclear as to whether a Change of Control has
    occurred and whether a Holder of Senior Notes may require the
    Issuer to make an offer to repurchase the Senior Notes as
    described above.
The provisions under the Indenture relative to the Issuer's
    obligation to make an offer to repurchase the Senior Notes as a
    result of a Change of Control may be waived or modified with the
    written consent of the Holders of a majority in principal amount
    of the Senior Notes.
Asset
    Sales
The Indenture provides that the Issuer will not, and will not
    permit any of its Restricted Subsidiaries to, cause, make or
    suffer to exist an Asset Sale, unless:
(1) the Issuer or such Restricted Subsidiary, as the case
    may be, receives consideration at the time of such Asset Sale at
    least equal to the fair market value (as determined in good
    faith by the Issuer) of the assets sold or otherwise disposed
    of; and
(2) except in the case of a Permitted Asset Swap, at least
    75% of the consideration therefor received by the Issuer or such
    Restricted Subsidiary, as the case may be, is in the form of
    cash or Cash Equivalents;
provided
that the amount of:
(a) any liabilities (as shown on the Issuer's or such
    Restricted Subsidiary's most recent balance sheet or in the
    footnotes thereto) of the Issuer or such Restricted Subsidiary,
    other than liabilities that are by their terms subordinated to
    the Senior Notes, that are assumed by the transferee of any such
    assets and for which the Issuer and all of its Restricted
    Subsidiaries have been validly released by all creditors in
    writing,
(b) any securities received by the Issuer or such
    Restricted Subsidiary from such transferee that are converted by
    the Issuer or such Restricted Subsidiary into cash (to the
    extent of the cash received) within 180 days following the
    closing of such Asset Sale, and
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(c) any Designated Non-cash Consideration received by the
    Issuer or such Restricted Subsidiary in such Asset Sale having
    an aggregate fair market value, taken together with all other
    Designated Non-cash Consideration received pursuant to this
    clause (c) that is at that time outstanding, not to exceed
    2.5% of Total Assets at the time of the receipt of such
    Designated Non-cash Consideration, with the fair market value of
    each item of Designated Non-cash Consideration being measured at
    the time received and without giving effect to subsequent
    changes in value,
shall be deemed to be cash for purposes of this provision and
    for no other purpose.
Within 450 days after the receipt of any Net Proceeds of
    any Asset Sale, the Issuer or such Restricted Subsidiary, at its
    option, may apply the Net Proceeds from such Asset Sale,
(1) to permanently reduce:
(a) Obligations under the Senior Credit Facilities or the
    Senior Secured Notes; and to correspondingly reduce commitments
    with respect thereto;
(b) Obligations under Senior Indebtedness that is secured
    by a Lien, which Lien is permitted by the Indenture, and to
    correspondingly reduce commitments with respect thereto;
(c) Obligations under other Senior Indebtedness (and to
    correspondingly reduce commitments with respect thereto),
provided
that the Issuer shall equally and ratably reduce
    Obligations under the Senior Notes as provided under
    "Optional Redemption," through open-market purchases
    (to the extent such purchases are at or above 100% of the
    principal amount thereof) or by making an offer (in accordance
    with the procedures set forth below for an Asset Sale Offer) to
    all Holders to purchase their Senior Notes at 100% of the
    principal amount thereof, plus the amount of accrued but unpaid
    interest, if any, on the amount of Senior Notes that would
    otherwise be prepaid; or
(d) Indebtedness of a Restricted Subsidiary that is not a
    Guarantor, other than Indebtedness owed to the Issuer or another
    Restricted Subsidiary;
(2) to make (a) an Investment in any one or more
    businesses,
provided
that such Investment in any business
    is in the form of the acquisition of Capital Stock and results
    in the Issuer or another of its Restricted Subsidiaries, as the
    case may be, owning an amount of the Capital Stock of such
    business such that it constitutes a Restricted Subsidiary,
    (b) capital expenditures or (c) acquisitions of other
    assets, in each of (a), (b) and (c), used or useful in a
    Similar Business, or
(3) to make an investment in (a) any one or more
    businesses,
provided
that such Investment in any business
    is in the form of the acquisition of Capital Stock and results
    in the Issuer or another of its Restricted Subsidiaries, as the
    case may be, owning an amount of the Capital Stock of such
    business such that it constitutes a Restricted Subsidiary,
    (b) properties or (c) acquisitions of other assets
    that, in each of (a), (b) and (c), replace the businesses,
    properties
and/or
assets that are the subject of such Asset Sale;
provided
that, in the case of clauses (2) and
    (3) above, a binding commitment shall be treated as a
    permitted application of the Net Proceeds from the date of such
    commitment so long as the Issuer, or such other Restricted
    Subsidiary enters into such commitment with the good faith
    expectation that such Net Proceeds will be applied to satisfy
    such commitment within 180 days of such commitment (an
    "
Acceptable Commitment
") and, in the event any
    Acceptable Commitment is later cancelled or terminated for any
    reason before the Net Proceeds are applied in connection
    therewith, the Issuer or such Restricted Subsidiary enters into
    another Acceptable Commitment (a "
Second
    Commitment
") within 180 days of such cancellation
    or termination;
provided further
that if any Second
    Commitment is later cancelled or terminated for any reason
    before such Net Proceeds are applied, then such Net Proceeds
    shall constitute Excess Proceeds.
Any Net Proceeds from the Asset Sale that are not invested or
    applied as provided and within the time period set forth in the
    first sentence of the preceding paragraph will be deemed to
    constitute "
Excess Proceeds
." When the
    aggregate amount of Excess Proceeds exceeds $100 million,
    the Issuer shall make an offer to all Holders of the Senior
    Notes and, if required by the terms of any Indebtedness that is
pari passu
with the Senior Notes ("
Pari Passu
    Indebtedness
"), to the holders of such Pari Passu
    Indebtedness (an "
Asset
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Sale Offer
"), to purchase the maximum aggregate
    principal amount of the Senior Notes and such Pari Passu
    Indebtedness that is an integral multiple of $2,000 that may be
    purchased out of the Excess Proceeds at an offer price in cash
    in an amount equal to 100% of the principal amount thereof, plus
    accrued and unpaid interest and Additional Interest, if any, to
    the date fixed for the closing of such offer, in accordance with
    the procedures set forth in the Indenture. The Issuer will
    commence an Asset Sale Offer with respect to Excess Proceeds
    within ten Business Days after the date that Excess Proceeds
    exceed $100 million by mailing the notice required pursuant
    to the terms of the Indenture, with a copy to the Trustee.
To the extent that the aggregate amount of Senior Notes and such
    Pari Passu Indebtedness tendered pursuant to an Asset Sale Offer
    is less than the Excess Proceeds, the Issuer may use any
    remaining Excess Proceeds for general corporate purposes,
    subject to other covenants contained in the Indenture. If the
    aggregate principal amount of Senior Notes or the Pari Passu
    Indebtedness surrendered by such holders thereof exceeds the
    amount of Excess Proceeds, the Trustee shall select the Senior
    Notes and such Pari Passu Indebtedness to be purchased on a pro
    rata basis based on the accreted value or principal amount of
    the Senior Notes or such Pari Passu Indebtedness tendered. Upon
    completion of any such Asset Sale Offer, the amount of Excess
    Proceeds shall be reset at zero.
Pending the final application of any Net Proceeds pursuant to
    this covenant, the holder of such Net Proceeds may apply such
    Net Proceeds temporarily to reduce Indebtedness outstanding
    under a revolving credit facility or otherwise invest such Net
    Proceeds in any manner not prohibited by the Indenture.
The Issuer will comply with the requirements of
Rule 14e-1
under the Exchange Act and any other securities laws and
    regulations thereunder to the extent such laws or regulations
    are applicable in connection with the repurchase of the Senior
    Notes pursuant to an Asset Sale Offer. To the extent that the
    provisions of any securities laws or regulations conflict with
    the provisions of the Indenture, the Issuer will comply with the
    applicable securities laws and regulations and shall not be
    deemed to have breached its obligations described in the
    Indenture by virtue thereof.
Selection
    and Notice
If the Issuer is redeeming less than all of the Senior Notes
    issued by it at any time, the Trustee will select the Senior
    Notes to be redeemed (a) if the Senior Notes are listed on
    any national securities exchange, in compliance with the
    requirements of the principal national securities exchange on
    which the Senior Notes are listed or (b) on a pro rata
    basis to the extent practicable.
Notices of purchase or redemption shall be mailed by first-class
    mail, postage prepaid, at least 30 but not more than
    60 days before the purchase or redemption date to each
    Holder of Senior Notes at such Holder's registered address,
    except that redemption notices may be mailed more than
    60 days prior to a redemption date if the notice is issued
    in connection with a defeasance of the Senior Notes or a
    satisfaction and discharge of the Indenture. If any Senior Note
    is to be purchased or redeemed in part only, any notice of
    purchase or redemption that relates to such Senior Note shall
    state the portion of the principal amount thereof that has been
    or is to be purchased or redeemed.
The Issuer will issue a new Senior Note in a principal amount
    equal to the unredeemed portion of the original Senior Note in
    the name of the Holder upon cancellation of the original Senior
    Note. Senior Notes called for redemption become due on the date
    fixed for redemption. On and after the redemption date, interest
    ceases to accrue on Senior Notes or portions of them called for
    redemption.
Certain
    Covenants
Set forth below are summaries of certain covenants contained in
    the Indenture. If on any date following the date of the Issue
    Date (i) the Senior Notes have Investment Grade Ratings
    from both Rating Agencies, and (ii) no Default has occurred
    and is continuing under the Indenture then, beginning on that
    day and continuing at all times thereafter regardless of any
    subsequent changes in the rating of the Senior Notes, the
    covenants
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specifically listed under the following captions in this
    "Description of Senior Notes" section of this
    prospectus will no longer be applicable to the Senior Notes:
(1) "Repurchase at the Option of Holders —
    Asset Sales";
(2) "— Limitation on Restricted Payments";
(3) "— Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock";
(4) clause (4) of the first paragraph of
    "— Merger, Consolidation or Sale of All or
    Substantially All Assets";
(5) "— Transactions with Affiliates";
(6) "— Dividend and Other Payment Restrictions
    Affecting Restricted Subsidiaries"; and
(7) "— Limitation on Guarantees of Indebtedness
    by Restricted Subsidiaries."
In addition, during any period of time that: (i) the Senior
    Notes have Investment Grade Ratings from both Rating Agencies
    and (ii) no Default has occurred and is continuing under
    the Indenture (the occurrence of the events described in the
    foregoing clauses (i) and (ii) being collectively
    referred to as a "
Covenant Suspension Event
"),
    the Issuer and the Restricted Subsidiaries will not be subject
    to the covenant described under "Repurchase at the Option
    of Holders — Change of Control" (the
    "
Suspended Covenant
"). In the event that the
    Issuer and the Restricted Subsidiaries are not subject to the
    Suspended Covenant under the Indenture for any period of time as
    a result of the foregoing, and on any subsequent date (the
    "
Reversion Date
") one or both of the Rating
    Agencies (a) withdraw their Investment Grade Rating or
    downgrade the rating assigned to the Senior Notes below an
    Investment Grade Rating
and/or
(b) the Issuer or any of its Affiliates enter into an
    agreement to effect a transaction that would result in a Change
    of Control and one or more of the Rating Agencies indicate that
    if consummated, such transaction (alone or together with any
    related recapitalization or refinancing transactions) would
    cause such Rating Agency to withdraw its Investment Grade Rating
    or downgrade the ratings assigned to the Senior Notes below an
    Investment Grade Rating, then the Issuer and the Restricted
    Subsidiaries will thereafter again be subject to the Suspended
    Covenant under the Indenture with respect to future events,
    including, without limitation, a proposed transaction described
    in clause (b) above.
There can be no assurance that the Senior Notes will ever
    achieve or maintain Investment Grade Ratings.
Limitation
    on Restricted Payments
The Issuer will not, and will not permit any of its Restricted
    Subsidiaries to, directly or indirectly:
(I) declare or pay any dividend or make any payment or
    distribution on account of the Issuer's, or any of its
    Restricted Subsidiaries' Equity Interests, including any
    dividend or distribution payable in connection with any merger
    or consolidation other than:
(a) dividends or distributions by the Issuer payable solely
    in Equity Interests (other than Disqualified Stock) of the
    Issuer; or
(b) dividends or distributions by a Restricted Subsidiary
    so long as, in the case of any dividend or distribution payable
    on or in respect of any class or series of securities issued by
    a Restricted Subsidiary other than a Wholly-Owned Subsidiary,
    the Issuer or a Restricted Subsidiary receives at least its pro
    rata share of such dividend or distribution in accordance with
    its Equity Interests in such class or series of securities;
(II) purchase, redeem, defease or otherwise acquire or
    retire for value any Equity Interests of the Issuer or any
    direct or indirect parent of the Issuer, including in connection
    with any merger or consolidation;
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(III) make any principal payment on, or redeem, repurchase,
    defease or otherwise acquire or retire for value in each case,
    prior to any scheduled repayment, sinking fund payment or
    maturity, any Subordinated Indebtedness, other than:
(a) Indebtedness permitted under clauses (7) and
    (8) of the covenant described under
    "— Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock"; or
(b) the purchase, repurchase or other acquisition of
    Subordinated Indebtedness purchased in anticipation of
    satisfying a sinking fund obligation, principal installment or
    final maturity, in each case due within one year of the date of
    purchase, repurchase or acquisition; or
(IV) make any Restricted Investment
(all such payments and other actions set forth in
    clauses (I) through (IV) above being collectively
    referred to as "
Restricted Payments
"), unless,
    at the time of such Restricted Payment:
(1) no Default shall have occurred and be continuing or
    would occur as a consequence thereof;
(2) immediately after giving effect to such transaction on
    a
pro forma
basis, the Issuer could incur $1.00 of
    additional Indebtedness under the provisions of the first
    paragraph of the covenant described under
    "— Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred
    Stock"; and
(3) such Restricted Payment, together with the aggregate
    amount of all other Restricted Payments made by the Issuer and
    its Restricted Subsidiaries after the Issue Date (including
    Restricted Payments permitted by clauses (1), (2) (with respect
    to the payment of dividends on Refunding Capital Stock (as
    defined below) pursuant to clause (b) thereof only),
    (6)(c), (9) and (14) of the next succeeding paragraph,
    but excluding all other Restricted Payments permitted by the
    next succeeding paragraph), is less than the sum of (without
    duplication):
(a) 50% of the Consolidated Net Income of the Issuer for
    the period (taken as one accounting period) beginning
    July 1, 2005, to the end of the Issuer's most recently
    ended fiscal quarter for which internal financial statements are
    available at the time of such Restricted Payment, or, in the
    case such Consolidated Net Income for such period is a deficit,
    minus 100% of such deficit;
plus
(b) 100% of the aggregate net cash proceeds and the fair
    market value, as determined in good faith by the Issuer, of
    marketable securities or other property received by the Issuer
    since immediately after the Issue Date (other than net cash
    proceeds to the extent such net cash proceeds have been used to
    incur Indebtedness, Disqualified Stock or Preferred Stock
    pursuant to clause (12)(a) of the second paragraph of
    "— Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock") from
    the issue or sale of:
(i) (A) Equity Interests of the Issuer, including
    Treasury Capital Stock (as defined below), but excluding cash
    proceeds and the fair market value, as determined in good faith
    by the Issuer, of marketable securities or other property
    received from the sale of:
(x) Equity Interests to members of management, directors or
    consultants of the Issuer, any direct or indirect parent company
    of the Issuer and the Issuer's Subsidiaries after the Issue
    Date to the extent such amounts have been applied to Restricted
    Payments made in accordance with clause (4) of the next
    succeeding paragraph; and
(y) Designated Preferred Stock
and (B) to the extent such net cash proceeds are actually
    contributed to the Issuer, Equity Interests of the Issuer's
    direct or indirect parent companies (excluding contributions of
    the proceeds from the sale of Designated Preferred Stock of such
    companies or contributions to the extent such amounts have been
    applied to Restricted Payments made in accordance with
    clause (4) of the next succeeding paragraph); or
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(ii) debt securities of the Issuer that have been converted
    into or exchanged for such Equity Interests of the Issuer;
provided
,
however
, that this clause (b) shall
    not include the proceeds from (W) Refunding Capital Stock
    (as defined below), (X) Equity Interests or convertible
    debt securities of the Issuer sold to a Restricted Subsidiary,
    as the case may be, (Y) Disqualified Stock or debt
    securities that have been converted into Disqualified Stock or
    (Z) Excluded Contributions;
plus
(c) 100% of the aggregate amount of cash and the fair
    market value, as determined in good faith by the Issuer, of
    marketable securities or other property contributed to the
    capital of the Issuer following the Issue Date (other than net
    cash proceeds to the extent such net cash proceeds have been
    used to incur Indebtedness, Disqualified Stock or Preferred
    Stock pursuant to clause (12)(a) of the second paragraph of
    "— Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock") (other
    than by a Restricted Subsidiary and other than by any Excluded
    Contributions);
plus
(d) 100% of the aggregate amount received in cash and the
    fair market value, as determined in good faith by the Issuer, of
    marketable securities or other property received by means of:
(i) the sale or other disposition (other than to the Issuer
    or a Restricted Subsidiary) of Restricted Investments made by
    the Issuer or its Restricted Subsidiaries and repurchases and
    redemptions of such Restricted Investments from the Issuer or
    its Restricted Subsidiaries and repayments of loans or advances,
    and releases of guarantees, which constitute Restricted
    Investments by the Issuer or its Restricted Subsidiaries, in
    each case after the Issue Date; or
(ii) the sale (other than to the Issuer or a Restricted
    Subsidiary) of the stock of an Unrestricted Subsidiary or a
    distribution from an Unrestricted Subsidiary (other than in each
    case to the extent the Investment in such Unrestricted
    Subsidiary was made by the Issuer or a Restricted Subsidiary
    pursuant to clause (7) of the next succeeding paragraph or
    to the extent such Investment constituted a Permitted
    Investment) or a dividend from an Unrestricted Subsidiary after
    the Issue Date;
plus
(e) in the case of the redesignation of an Unrestricted
    Subsidiary as a Restricted Subsidiary after the Issue Date, the
    fair market value of the Investment in such Unrestricted
    Subsidiary, as determined by the Issuer in good faith or if, in
    the case of an Unrestricted Subsidiary, such fair market value
    may exceed $150 million, in writing by an Independent
    Financial Advisor, at the time of the redesignation of such
    Unrestricted Subsidiary as a Restricted Subsidiary other than an
    Unrestricted Subsidiary to the extent the Investment in such
    Unrestricted Subsidiary was made by the Issuer or a Restricted
    Subsidiary pursuant to clause (7) of the next succeeding
    paragraph or to the extent such Investment constituted a
    Permitted Investment.
The foregoing provisions will not prohibit:
(1) the payment of any dividend within 60 days after
    the date of declaration thereof, if at the date of declaration
    such payment would have complied with the provisions of the
    Indenture;
(2) (a) the redemption, repurchase, retirement or
    other acquisition of any Equity Interests ("
Treasury
    Capital Stock
") or Subordinated Indebtedness of the
    Issuer or any Equity Interests of any direct or indirect parent
    company of the Issuer, in exchange for, or out of the proceeds
    of the substantially concurrent sale (other than to a Restricted
    Subsidiary) of, Equity Interests of the Issuer or any direct or
    indirect parent company of the Issuer to the extent contributed
    to the Issuer (in each case, other than any Disqualified Stock)
    ("
Refunding Capital Stock
") and (b) if
    immediately prior to the retirement of Treasury Capital Stock,
    the declaration and payment of dividends thereon was permitted
    under clause (6) of this paragraph, the declaration and
    payment of dividends on the Refunding Capital Stock (other than
    Refunding Capital Stock the proceeds of which were used to
    redeem, repurchase, retire or otherwise acquire any Equity
    Interests of any direct or indirect parent company of the
    Issuer) in an aggregate
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amount per year no greater than the aggregate amount of
    dividends per annum that were declarable and payable on such
    Treasury Capital Stock immediately prior to such retirement;
(3) the redemption, repurchase or other acquisition or
    retirement of Subordinated Indebtedness of the Issuer or a
    Guarantor made by exchange for, or out of the proceeds of the
    substantially concurrent sale of, new Indebtedness of the Issuer
    or a Guarantor, as the case may be, which is incurred in
    compliance with "— Limitation on Incurrence of
    Indebtedness and Issuance of Disqualified Stock and Preferred
    Stock" so long as:
(a) the principal amount of such new Indebtedness does not
    exceed the principal amount of (or accreted value, if
    applicable), plus any accrued and unpaid interest on, the
    Subordinated Indebtedness being so redeemed, repurchased,
    acquired or retired for value, plus the amount of any reasonable
    premium required to be paid under the terms of the instrument
    governing the Subordinated Indebtedness being so redeemed,
    repurchased, acquired or retired and any reasonable fees and
    expenses incurred in connection with the issuance of such new
    Indebtedness;
(b) such new Indebtedness is subordinated to the Senior
    Notes or the applicable Guarantee at least to the same extent as
    such Subordinated Indebtedness so purchased, exchanged,
    redeemed, repurchased, acquired or retired for value;
(c) such new Indebtedness has a final scheduled maturity
    date equal to or later than the final scheduled maturity date of
    the Subordinated Indebtedness being so redeemed, repurchased,
    acquired or retired; and
(d) such new Indebtedness has a Weighted Average Life to
    Maturity equal to or greater than the remaining Weighted Average
    Life to Maturity of the Subordinated Indebtedness being so
    redeemed, repurchased, acquired or retired;
(4) a Restricted Payment to pay for the repurchase,
    retirement or other acquisition or retirement for value of
    Equity Interests (other than Disqualified Stock) of the Issuer
    or any of its direct or indirect parent companies held by any
    future, present or former employee, director or consultant of
    the Issuer, any of its Subsidiaries or any of its direct or
    indirect parent companies pursuant to any management equity plan
    or stock option plan or any other management or employee benefit
    plan or agreement;
provided
,
however
, that the
    aggregate Restricted Payments made under this clause (4) do
    not exceed in any calendar year $25 million (which shall
    increase to $50 million subsequent to the consummation of
    an underwritten public Equity Offering by the Issuer or any
    direct or indirect parent corporation of the Issuer) (with
    unused amounts in any calendar year being carried over to
    succeeding calendar years subject to a maximum (without giving
    effect to the following proviso) of $50 million in any
    calendar year (which shall increase to $100 million
    subsequent to the consummation of an underwritten public Equity
    Offering by the Issuer or any direct or indirect parent
    corporation of the Issuer));
provided further
that such
    amount in any calendar year may be increased by an amount not to
    exceed:
(a) the cash proceeds from the sale of Equity Interests
    (other than Disqualified Stock) of the Issuer and, to the extent
    contributed to the Issuer, Equity Interests of any of the
    Issuer's direct or indirect parent companies, in each case
    to members of management, directors or consultants of the
    Issuer, any of its Subsidiaries or any of its direct or indirect
    parent companies that occurs after the Issue Date, to the extent
    the cash proceeds from the sale of such Equity Interests have
    not otherwise been applied to the payment of Restricted Payments
    by virtue of clause (3) of the preceding paragraph;
plus
(b) the cash proceeds of key man life insurance policies
    received by the Issuer or its Restricted Subsidiaries after the
    Issue Date;
less
(c) the amount of any Restricted Payments previously made
    with the cash proceeds described in clauses (a) and
    (b) of this clause (4);
and
provided further
that cancellation of Indebtedness
    owing to the Issuer from members of management of the Issuer,
    any of the Issuer's direct or indirect parent companies or
    any of the Issuer's Restricted
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Subsidiaries in connection with a repurchase of Equity Interests
    of the Issuer or any of its direct or indirect parent companies
    will not be deemed to constitute a Restricted Payment for
    purposes of this covenant or any other provision of the
    Indenture;
(5) the declaration and payment of dividends to holders of
    any class or series of Disqualified Stock of the Issuer or any
    of its Restricted Subsidiaries issued in accordance with the
    covenant described under "— Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock" to the extent such dividends are
    included in the definition of "Fixed Charges";
(6) (a) the declaration and payment of dividends to
    holders of any class or series of Designated Preferred Stock
    (other than Disqualified Stock) issued by the Issuer after the
    Issue Date;
(b) the declaration and payment of dividends to a direct or
    indirect parent company of the Issuer, the proceeds of which
    will be used to fund the payment of dividends to holders of any
    class or series of Designated Preferred Stock (other than
    Disqualified Stock) of such parent corporation issued after the
    Issue Date,
provided
that the amount of dividends paid
    pursuant to this clause (b) shall not exceed the aggregate
    amount of cash actually contributed to the Issuer from the sale
    of such Designated Preferred Stock; or
(c) the declaration and payment of dividends on Refunding
    Capital Stock that is Preferred Stock in excess of the dividends
    declarable and payable thereon pursuant to clause (2) of
    this paragraph;
provided
,
however
, in the case of each of (a),
    (b) and (c) of this clause (6), that for the most
    recently ended four full fiscal quarters for which internal
    financial statements are available immediately preceding the
    date of issuance of such Designated Preferred Stock or the
    declaration of such dividends on Refunding Capital Stock that is
    Preferred Stock, after giving effect to such issuance or
    declaration on a
pro forma
basis, the Issuer and its
    Restricted Subsidiaries on a consolidated basis would have had a
    Fixed Charge Coverage Ratio of at least 2.00 to 1.00;
(7) Investments in Unrestricted Subsidiaries having an
    aggregate fair market value, taken together with all other
    Investments made pursuant to this clause (7) that are at
    the time outstanding, without giving effect to the sale of an
    Unrestricted Subsidiary to the extent the proceeds of such sale
    do not consist of cash or marketable securities, not to exceed
    2% of Total Assets at the time of such Investment (with the fair
    market value of each Investment being measured at the time made
    and without giving effect to subsequent changes in value);
(8) repurchases of Equity Interests deemed to occur upon
    exercise of stock options or warrants if such Equity Interests
    represent a portion of the exercise price of such options or
    warrants;
(9) the declaration and payment of dividends on the
    Issuer's common stock (or the payment of dividends to any
    direct or indirect parent entity to fund a payment of dividends
    on such entity's common stock), following the first public
    offering of the Issuer's common stock or the common stock
    of any of its direct or indirect parent companies after the
    Issue Date, of up to 6% per annum of the net cash proceeds
    received by or contributed to the Issuer in or from any such
    public offering, other than public offerings with respect to the
    Issuer's common stock registered on
Form S-8
and other than any public sale constituting an Excluded
    Contribution;
(10) Restricted Payments that are made with Excluded
    Contributions;
(11) other Restricted Payments in an aggregate amount taken
    together with all other Restricted Payments made pursuant to
    this clause (11) not to exceed the greater of
    (x) $275 million or (y) 1.875% of Total Assets at
    the time made;
(12) distributions or payments of Receivables Fees;
(13) any Restricted Payment used to fund the Transaction
    and the fees and expenses related thereto or owed to Affiliates,
    in each case to the extent permitted by the covenant described
    under "— Transactions with Affiliates";
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(14) the repurchase, redemption or other acquisition or
    retirement for value of any Subordinated Indebtedness pursuant
    to the provisions similar to those described under the captions
    "Repurchase at the Option of Holders — Change of
    Control" and "Repurchase at the Option of
    Holders — Asset Sales";
provided
that all
    Senior Notes tendered by Holders in connection with a Change of
    Control Offer or Asset Sale Offer, as applicable, have been
    repurchased, redeemed or acquired for value;
(15) the declaration and payment of dividends by the Issuer
    to, or the making of loans to, any direct or indirect parent in
    amounts required for any direct or indirect parent companies to
    pay, in each case without duplication,
(a) franchise taxes and other fees, taxes and expenses
    required to maintain their corporate existence;
(b) federal, state and local income taxes, to the extent
    such income taxes are attributable to the income of the Issuer
    and its Restricted Subsidiaries and, to the extent of the amount
    actually received from its Unrestricted Subsidiaries, in amounts
    required to pay such taxes to the extent attributable to the
    income of such Unrestricted Subsidiaries;
provided
that
    in each case the amount of such payments in any fiscal year does
    not exceed the amount that the Issuer and its Restricted
    Subsidiaries would be required to pay in respect of federal,
    state and local taxes for such fiscal year were the Issuer, its
    Restricted Subsidiaries and its Unrestricted Subsidiaries (to
    the extent described above) to pay such taxes separately from
    any such parent entity;
(c) customary salary, bonus and other benefits payable to
    officers and employees of any direct or indirect parent company
    of the Issuer to the extent such salaries, bonuses and other
    benefits are attributable to the ownership or operation of the
    Issuer and its Restricted Subsidiaries;
(d) general corporate operating and overhead costs and
    expenses of any direct or indirect parent company of the Issuer
    to the extent such costs and expenses are attributable to the
    ownership or operation of the Issuer and its Restricted
    Subsidiaries; and
(e) fees and expenses other than to Affiliates of the
    Issuer related to any unsuccessful equity or debt offering of
    such parent entity; and
(16) the distribution, dividend or otherwise, of shares of
    Capital Stock of, or Indebtedness owed to the Issuer or a
    Restricted Subsidiary by Unrestricted Subsidiaries (other than
    Unrestricted Subsidiaries, the primary assets of which are cash
and/or
Cash
    Equivalents);
provided
,
however
, that at the time of, and after
    giving effect to, any Restricted Payment permitted under
    clauses (11) and (16), no Default shall have occurred and
    be continuing or would occur as a consequence thereof.
As of the Issue Date, all of the Issuer's Subsidiaries were
    Restricted Subsidiaries. The Issuer will not permit any
    Unrestricted Subsidiary to become a Restricted Subsidiary except
    pursuant to the last sentence of the definition of
    "Unrestricted Subsidiary." For purposes of designating
    any Restricted Subsidiary as an Unrestricted Subsidiary, all
    outstanding Investments by the Issuer and its Restricted
    Subsidiaries (except to the extent repaid) in the Subsidiary so
    designated will be deemed to be Restricted Payments in an amount
    determined as set forth in the last sentence of the definition
    of "Investment." Such designation will be permitted
    only if a Restricted Payment in such amount would be permitted
    at such time, whether pursuant to the first paragraph of this
    covenant or under clause (7), (10), (11) or (16) of
    the second paragraph of this covenant, or pursuant to the
    definition of "Permitted Investments," and if such
    Subsidiary otherwise meets the definition of an Unrestricted
    Subsidiary. Unrestricted Subsidiaries will not be subject to any
    of the restrictive covenants set forth in the Indenture.
Limitation
    on Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock
The Issuer will not, and will not permit any of its Restricted
    Subsidiaries to, directly or indirectly, create, incur, issue,
    assume, guarantee or otherwise become directly or indirectly
    liable, contingently or otherwise (collectively,
    "
incur
" and collectively, an
    "
incurrence
") with respect to any Indebtedness
    (including Acquired
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Indebtedness) and the Issuer will not issue any shares of
    Disqualified Stock and will not permit any Restricted Subsidiary
    to issue any shares of Disqualified Stock or Preferred Stock;
provided
,
however
, that the Issuer may incur
    Indebtedness (including Acquired Indebtedness) or issue shares
    of Disqualified Stock, and any of its Restricted Subsidiaries
    may incur Indebtedness (including Acquired Indebtedness), issue
    shares of Disqualified Stock and issue shares of Preferred
    Stock, if the Fixed Charge Coverage Ratio on a consolidated
    basis for the Issuer and its Restricted Subsidiaries' most
    recently ended four fiscal quarters for which internal financial
    statements are available immediately preceding the date on which
    such additional Indebtedness is incurred or such Disqualified
    Stock or Preferred Stock is issued would have been at least 2.00
    to 1.00, determined on a
pro forma
basis (including a
pro forma
application of the net proceeds therefrom), as
    if the additional Indebtedness had been incurred, or the
    Disqualified Stock or Preferred Stock had been issued, as the
    case may be, and the application of proceeds therefrom had
    occurred at the beginning of such four-quarter period.
The foregoing limitations will not apply to:
(1) the incurrence of Indebtedness under Credit Facilities
    by the Issuer or any of its Restricted Subsidiaries and the
    issuance and creation of letters of credit and bankers'
    acceptances thereunder (with letters of credit and bankers'
    acceptances being deemed to have a principal amount equal to the
    face amount thereof), up to an aggregate principal amount of
    $5,750 million outstanding at any one time, less up to
    $1,000 million in the aggregate of mandatory principal
    payments actually made by the borrower thereunder in respect of
    Indebtedness thereunder with Net Proceeds from an Asset Sale or
    series of related Asset Sales that constitutes the sale,
    transfer, conveyance or other disposition of all or
    substantially all of a segment (as defined under GAAP) of the
    Issuer (other than any segment predominantly composed of assets
    acquired by the Issuer or its Restricted Subsidiaries subsequent
    to the Issue Date);
(2) the incurrence by the Issuer and any Guarantor of
    Indebtedness represented by (a) the Senior Notes (including
    any Guarantee) (other than any Additional Senior Notes) and
    (b) the Senior Subordinated Notes (including any guarantee
    thereof);
(3) Indebtedness of the Issuer and its Restricted
    Subsidiaries in existence on the Issue Date (other than
    Indebtedness described in clauses (1) and (2));
(4) Indebtedness (including Capitalized Lease Obligations),
    Disqualified Stock and Preferred Stock incurred by the Issuer or
    any of its Restricted Subsidiaries, to finance the purchase,
    lease or improvement of property (real or personal) or equipment
    (other than software) that is used or useful in a Similar
    Business, whether through the direct purchase of assets or the
    Capital Stock of any Person owning such assets;
(5) Indebtedness incurred by the Issuer or any of its
    Restricted Subsidiaries constituting reimbursement obligations
    with respect to letters of credit issued in the ordinary course
    of business, including letters of credit in respect of
    workers' compensation claims, or other Indebtedness with
    respect to reimbursement type obligations regarding
    workers' compensation claims;
provided
,
however
, that upon the drawing of such letters of credit
    or the incurrence of such Indebtedness, such obligations are
    reimbursed within 30 days following such drawing or
    incurrence;
(6) Indebtedness arising from agreements of the Issuer or
    its Restricted Subsidiaries providing for indemnification,
    adjustment of purchase price or similar obligations, in each
    case, incurred or assumed in connection with the disposition of
    any business, assets or a Subsidiary, other than guarantees of
    Indebtedness incurred by any Person acquiring all or any portion
    of such business, assets or a Subsidiary for the purpose of
    financing such acquisition;
provided
,
however
, that
(a) such Indebtedness is not reflected on the balance sheet
    of the Issuer, or any of its Restricted Subsidiaries (contingent
    obligations referred to in a footnote to financial statements
    and not otherwise reflected on the balance sheet will not be
    deemed to be reflected on such balance sheet for purposes of
    this clause (6)(a)); and
(b) the maximum assumable liability in respect of all such
    Indebtedness shall at no time exceed the gross proceeds
    including non-cash proceeds (the fair market value of such
    non-cash proceeds
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being measured at the time received and without giving effect to
    any subsequent changes in value) actually received by the Issuer
    and its Restricted Subsidiaries in connection with such
    disposition;
(7) Indebtedness of the Issuer to a Restricted Subsidiary;
provided
that any such Indebtedness owing to a Restricted
    Subsidiary that is not a Guarantor is expressly subordinated in
    right of payment to the Senior Notes;
provided further
that any subsequent issuance or transfer of any Capital
    Stock or any other event which results in any Restricted
    Subsidiary ceasing to be a Restricted Subsidiary or any other
    subsequent transfer of any such Indebtedness (except to the
    Issuer or another Restricted Subsidiary) shall be deemed, in
    each case, to be an incurrence of such Indebtedness;
(8) Indebtedness of a Restricted Subsidiary to the Issuer
    or another Restricted Subsidiary;
provided
that if a
    Guarantor incurs such Indebtedness to a Restricted Subsidiary
    that is not a Guarantor, such Indebtedness is expressly
    subordinated in right of payment to the Guarantee of the Senior
    Notes of such Guarantor;
provided further
that any
    subsequent transfer of any such Indebtedness (except to the
    Issuer or another Restricted Subsidiary) shall be deemed, in
    each case, to be an incurrence of such Indebtedness;
(9) shares of Preferred Stock of a Restricted Subsidiary
    issued to the Issuer or another Restricted Subsidiary,
provided
that any subsequent issuance or transfer of any
    Capital Stock or any other event which results in any such
    Restricted Subsidiary ceasing to be a Restricted Subsidiary or
    any other subsequent transfer of any such shares of Preferred
    Stock (except to the Issuer or another of its Restricted
    Subsidiaries) shall be deemed in each case to be an issuance of
    such shares of Preferred Stock;
(10) Hedging Obligations (excluding Hedging Obligations
    entered into for speculative purposes) for the purpose of
    limiting interest rate risk with respect to any Indebtedness
    permitted to be incurred pursuant to
    "— Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock,"
    exchange rate risk or commodity pricing risk;
(11) obligations in respect of performance, bid, appeal and
    surety bonds and completion guarantees provided by the Issuer or
    any of its Restricted Subsidiaries in the ordinary course of
    business;
(12) (a) Indebtedness or Disqualified Stock of the
    Issuer and Indebtedness, Disqualified Stock or Preferred Stock
    of the Issuer or any Restricted Subsidiary equal to 200% of the
    net cash proceeds received by the Issuer since immediately after
    the Issue Date from the issue or sale of Equity Interests of the
    Issuer or cash contributed to the capital of the Issuer (in each
    case, other than proceeds of Disqualified Stock or sales of
    Equity Interests to the Issuer or any of its Subsidiaries) as
    determined in accordance with clauses (3)(b) and (3)(c) of the
    first paragraph of "— Limitation on Restricted
    Payments" to the extent such net cash proceeds or cash have
    not been applied pursuant to such clauses to make Restricted
    Payments or to make other Investments, payments or exchanges
    pursuant to the second paragraph of "— Limitation
    on Restricted Payments" or to make Permitted Investments
    (other than Permitted Investments specified in clauses (1)
    and (3) of the definition thereof) and
    (b) Indebtedness or Disqualified Stock of Issuer and
    Indebtedness, Disqualified Stock or Preferred Stock of the
    Issuer or any Restricted Subsidiary not otherwise permitted
    hereunder in an aggregate principal amount or liquidation
    preference, which when aggregated with the principal amount and
    liquidation preference of all other Indebtedness, Disqualified
    Stock and Preferred Stock then outstanding and incurred pursuant
    to this clause (12)(b), does not at any one time outstanding
    exceed $600 million (it being understood that any
    Indebtedness, Disqualified Stock or Preferred Stock incurred
    pursuant to this clause (12)(b) shall cease to be deemed
    incurred or outstanding for purposes of this clause (12)(b) but
    shall be deemed incurred for the purposes of the first paragraph
    of this covenant from and after the first date on which the
    Issuer or such Restricted Subsidiary could have incurred such
    Indebtedness, Disqualified Stock or Preferred Stock under the
    first paragraph of this covenant without reliance on this clause
    (12)(b));
(13) the incurrence by the Issuer or any Restricted
    Subsidiary, of the Issuer of Indebtedness, Disqualified Stock or
    Preferred Stock which serves to refund or refinance any
    Indebtedness, Disqualified Stock or Preferred Stock incurred as
    permitted under the first paragraph of this covenant and clauses
    (2), (3) and (12)(a) above, this clause (13) and
    clause (14) below or any Indebtedness, Disqualified Stock
    or Preferred Stock issued to so refund or refinance such
    Indebtedness, Disqualified Stock or Preferred Stock
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including additional Indebtedness, Disqualified Stock or
    Preferred Stock incurred to pay premiums (including reasonable
    tender premiums), defeasance costs and fees in connection
    therewith (the "
Refinancing Indebtedness
")
    prior to its respective maturity;
provided
,
however
, that such Refinancing Indebtedness:
(a) has a Weighted Average Life to Maturity at the time
    such Refinancing Indebtedness is incurred which is not less than
    the remaining Weighted Average Life to Maturity of the
    Indebtedness, Disqualified Stock or Preferred Stock being
    refunded or refinanced,
(b) to the extent such Refinancing Indebtedness refinances
    (i) Indebtedness subordinated or
pari passu
to the
    Senior Notes or any Guarantee thereof, such Refinancing
    Indebtedness is subordinated or
pari passu
to the Senior
    Notes or the Guarantee at least to the same extent as the
    Indebtedness being refinanced or refunded or
    (ii) Disqualified Stock or Preferred Stock, such
    Refinancing Indebtedness must be Disqualified Stock or Preferred
    Stock, respectively, and
(c) shall not include:
(i) Indebtedness, Disqualified Stock or Preferred Stock of
    a Subsidiary of the Issuer that is not a Guarantor that
    refinances Indebtedness, Disqualified Stock or Preferred Stock
    of the Issuer;
(ii) Indebtedness, Disqualified Stock or Preferred Stock of
    a Subsidiary of the Issuer, that is not a Guarantor that
    refinances Indebtedness, Disqualified Stock or Preferred Stock
    of a Guarantor; or
(iii) Indebtedness, Disqualified Stock or Preferred Stock
    of the Issuer or a Restricted Subsidiary that refinances
    Indebtedness, Disqualified Stock or Preferred Stock of an
    Unrestricted Subsidiary;
and
provided further
that subclause (a) of this
    clause (13) will not apply to any refunding or refinancing
    of any Indebtedness outstanding under a Credit Facility;
(14) Indebtedness, Disqualified Stock or Preferred Stock of
    (x) the Issuer or a Restricted Subsidiary incurred to
    finance an acquisition or (y) Persons that are acquired by
    the Issuer or any Restricted Subsidiary or merged into the
    Issuer or a Restricted Subsidiary in accordance with the terms
    of the Indenture;
provided
that either
(i) such Indebtedness, Disqualified Stock or Preferred
    Stock:
(a) is not Secured Indebtedness and is subordinated to the
    Senior Notes on terms no less favorable to the Holders thereof
    than the subordination terms set forth in the indenture
    governing the Senior Subordinated Notes as in effect on the
    Issue Date;
(b) is not incurred while a Default exists and no Default
    shall result therefrom;
(c) matures and does not require any payment of principal
    prior to the final maturity of the Senior Notes (other than in a
    manner consistent with the terms of the Indenture); and
(d) in the case of clause (y), is not incurred in
    contemplation of such acquisition or merger; or
(ii) after giving effect to such acquisition or merger,
    either
(a) the Issuer would be permitted to incur at least $1.00
    of additional Indebtedness pursuant to the Fixed Charge Coverage
    Ratio test set forth in the first sentence of this
    covenant, or
(b) the Fixed Charge Coverage Ratio of the Issuer and the
    Restricted Subsidiaries is greater than immediately prior to
    such acquisition or merger;
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(15) Indebtedness arising from the honoring by a bank or
    other financial institution of a check, draft or similar
    instrument drawn against insufficient funds in the ordinary
    course of business,
provided
that such Indebtedness is
    extinguished within two Business Days of its incurrence;
(16) Indebtedness of the Issuer or any of its Restricted
    Subsidiaries supported by a letter of credit issued pursuant to
    the Credit Facilities, in a principal amount not in excess of
    the stated amount of such letter of credit;
(17) (a) any guarantee by the Issuer or a Restricted
    Subsidiary of Indebtedness or other obligations of any
    Restricted Subsidiary so long as the incurrence of such
    Indebtedness incurred by such Restricted Subsidiary is permitted
    under the terms of the Indenture, or
(b) any guarantee by a Restricted Subsidiary of
    Indebtedness of the Issuer
provided
that such guarantee
    is incurred in accordance with the covenant described below
    under "— Limitation on Guarantees of Indebtedness
    by Restricted Subsidiaries";
(18) Indebtedness of Foreign Subsidiaries of the Issuer
    incurred not to exceed at any one time outstanding and together
    with any other Indebtedness incurred under this clause (18)
    5% of the Total Assets of the Foreign Subsidiaries (it being
    understood that any Indebtedness incurred pursuant to this
    clause (18) shall cease to be deemed incurred or
    outstanding for purposes of this clause (18) but shall be
    deemed incurred for the purposes of the first paragraph of this
    covenant from and after the first date on which the Issuer or
    such Restricted Subsidiary could have incurred such Indebtedness
    under the first paragraph of this covenant without reliance on
    this clause (18));
(19) Indebtedness, Disqualified Stock or Preferred Stock of
    a Restricted Subsidiary incurred to finance or assumed in
    connection with an acquisition in a principal amount not to
    exceed $200 million in the aggregate at any one time
    outstanding together with all other Indebtedness, Disqualified
    Stock
and/or
Preferred Stock issued under this clause (19) (it being
    understood that any Indebtedness, Disqualified Stock or
    Preferred Stock incurred pursuant to this clause (19) shall
    cease to be deemed incurred or outstanding for purposes of this
    clause (19) but shall be deemed incurred for the purposes
    of the first paragraph of this covenant from and after the first
    date on which such Restricted Subsidiary could have incurred
    such Indebtedness, Disqualified Stock or Preferred Stock under
    the first paragraph of this covenant without reliance on this
    clause (19));
(20) Indebtedness of the Issuer or any of its Restricted
    Subsidiaries consisting of (i) the financing of insurance
    premiums or
(ii) take-or-pay
obligations contained in supply arrangements in each case,
    incurred in the ordinary course of business; and
(21) Indebtedness consisting of Indebtedness issued by the
    Issuer or any of its Restricted Subsidiaries to current or
    former officers, directors and employees thereof, their
    respective estates, spouses or former spouses, in each case to
    finance the purchase or redemption of Equity Interests of the
    Issuer or any direct or indirect parent company of the Issuer to
    the extent described in clause (4) of the second paragraph
    under the caption "— Limitation on Restricted
    Payments."
For purposes of determining compliance with this covenant:
(1) in the event that an item of Indebtedness, Disqualified
    Stock or Preferred Stock (or any portion thereof) meets the
    criteria of more than one of the categories of permitted
    Indebtedness, Disqualified Stock or Preferred Stock described in
    clauses (1) through (21) above or is entitled to be
    incurred pursuant to the first paragraph of this covenant, the
    Issuer, in its sole discretion, will classify or reclassify such
    item of Indebtedness, Disqualified Stock or Preferred Stock (or
    any portion thereof) and will only be required to include the
    amount and type of such Indebtedness, Disqualified Stock or
    Preferred Stock in one of the above clauses;
provided
that all Indebtedness outstanding under the Credit
    Facilities on the Issue Date will be treated as incurred on the
    Issue Date under clause (1) of the preceding
    paragraph; and
(2) at the time of incurrence, the Issuer will be entitled
    to divide and classify an item of Indebtedness in more than one
    of the types of Indebtedness described in the first and second
    paragraphs above.
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Accrual of interest, the accretion of accreted value and the
    payment of interest in the form of additional Indebtedness,
    Disqualified Stock or Preferred Stock will not be deemed to be
    an incurrence of Indebtedness, Disqualified Stock or Preferred
    Stock for purposes of this covenant.
For purposes of determining compliance with any
    U.S. dollar-denominated restriction on the incurrence of
    Indebtedness, the U.S. dollar-equivalent principal amount
    of Indebtedness denominated in a foreign currency shall be
    calculated based on the relevant currency exchange rate in
    effect on the date such Indebtedness was incurred, in the case
    of term debt, or first committed, in the case of revolving
    credit debt;
provided
that if such Indebtedness is
    incurred to refinance other Indebtedness denominated in a
    foreign currency, and such refinancing would cause the
    applicable U.S. dollar denominated restriction to be
    exceeded if calculated at the relevant currency exchange rate in
    effect on the date of such refinancing, such
    U.S. dollar-denominated restriction shall be deemed not to
    have been exceeded so long as the principal amount of such
    refinancing Indebtedness does not exceed the principal amount of
    such Indebtedness being refinanced.
The principal amount of any Indebtedness incurred to refinance
    other Indebtedness, if incurred in a different currency from the
    Indebtedness being refinanced, shall be calculated based on the
    currency exchange rate applicable to the currencies in which
    such respective Indebtedness is denominated that is in effect on
    the date of such refinancing.
The Indenture provides that the Issuer will not, and will not
    permit any Guarantor to, directly or indirectly, incur any
    Indebtedness (including Acquired Indebtedness) that is
    subordinated or junior in right of payment to any Indebtedness
    of the Issuer or such Guarantor, as the case may be, unless such
    Indebtedness is expressly subordinated in right of payment to
    the Senior Notes or such Guarantor's Guarantee to the
    extent and in the same manner as such Indebtedness is
    subordinated to other Indebtedness of the Issuer or such
    Guarantor, as the case may be.
The Indenture does not treat (1) unsecured Indebtedness as
    subordinated or junior to Secured Indebtedness merely because it
    is unsecured or (2) Senior Indebtedness as subordinated or
    junior to any other Senior Indebtedness merely because it has a
    junior priority with respect to the same collateral.
Liens
The Issuer will not, and will not permit any Guarantor to,
    directly or indirectly, create, incur, assume or suffer to exist
    any Lien (except Permitted Liens) that secures obligations under
    any Indebtedness or any related Guarantee, on any asset or
    property of the Issuer or any Guarantor, or any income or
    profits therefrom, or assign or convey any right to receive
    income therefrom, unless:
(1) in the case of Liens securing Subordinated
    Indebtedness, the Senior Notes and related Guarantees are
    secured by a Lien on such property, assets or proceeds that is
    senior in priority to such Liens; or
(2) in all other cases, the Senior Notes or the Guarantees
    are equally and ratably secured, except that the foregoing shall
    not apply to (a) Liens securing the Senior Notes and the
    related Guarantees, (b) Liens securing Indebtedness
    permitted to be incurred under Credit Facilities, including any
    letter of credit facility relating thereto, that was permitted
    by the terms of the Indenture to be incurred pursuant to
    clause (1) of the second paragraph under
    "— Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock" and
    (c) Liens incurred to secure Obligations in respect of any
    Indebtedness permitted to be incurred pursuant to the covenant
    described above under "— Limitation on Incurrence
    of Indebtedness and Issuance of Disqualified Stock and Preferred
    Stock";
provided
that, with respect to Liens
    securing Obligations permitted under this subclause (c), at the
    time of incurrence and after giving pro forma effect thereto,
    the Consolidated Secured Debt Ratio would be no greater than 4.0
    to 1.0.
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Merger,
    Consolidation or Sale of All or Substantially All
    Assets
The Issuer may not consolidate or merge with or into or wind up
    into (whether or not the Issuer is the surviving corporation),
    or sell, assign, transfer, lease, convey or otherwise dispose of
    all or substantially all of its properties or assets, in one or
    more related transactions, to any Person unless:
(1) the Issuer is the surviving corporation or the Person
    formed by or surviving any such consolidation or merger (if
    other than the Issuer) or to which such sale, assignment,
    transfer, lease, conveyance or other disposition will have been
    made is a corporation organized or existing under the laws of
    the jurisdiction of organization of the Issuer or the laws of
    the United States, any state thereof, the District of Columbia,
    or any territory thereof (such Person, as the case may be, being
    herein called the "
Successor Company
");
(2) the Successor Company, if other than the Issuer,
    expressly assumes all the obligations of the Issuer under the
    Senior Notes pursuant to supplemental indentures or other
    documents or instruments in form reasonably satisfactory to the
    Trustee;
(3) immediately after such transaction, no Default exists;
(4) immediately after giving
pro forma
effect to
    such transaction and any related financing transactions, as if
    such transactions had occurred at the beginning of the
    applicable four-quarter period,
(a) the Successor Company would be permitted to incur at
    least $1.00 of additional Indebtedness pursuant to the Fixed
    Charge Coverage Ratio test set forth in the first sentence of
    the covenant described under "— Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock," or
(b) the Fixed Charge Coverage Ratio for the Successor
    Company, the Issuer and its Restricted Subsidiaries would be
    greater than such Ratio for the Issuer and its Restricted
    Subsidiaries immediately prior to such transaction;
(5) each Guarantor, unless it is the other party to the
    transactions described above, in which case clause (b) of
    the second succeeding paragraph shall apply, shall have by
    supplemental indenture confirmed that its Guarantee shall apply
    to such Person's obligations under the Indenture, the
    Senior Notes and the Registration Rights Agreement; and
(6) the Issuer shall have delivered to the Trustee an
    Officer's Certificate and an Opinion of Counsel, each
    stating that such consolidation, merger or transfer and such
    supplemental indentures, if any, comply with the Indenture.
The Successor Company will succeed to, and be substituted for
    the Issuer, as the case may be, under the Indenture, the
    Guarantees and the Senior Notes, as applicable. Notwithstanding
    the foregoing clauses (3) and (4),
(1) any Restricted Subsidiary may consolidate with or merge
    into or transfer all or part of its properties and assets to the
    Issuer, and
(2) the Issuer may merge with an Affiliate of the Issuer,
    as the case may be, solely for the purpose of reincorporating
    the Issuer in a State of the United States so long as the amount
    of Indebtedness of the Issuer and its Restricted Subsidiaries is
    not increased thereby.
Subject to certain limitations described in the Indenture
    governing release of a Guarantee upon the sale, disposition or
    transfer of a guarantor, no Guarantor will, and the Issuer will
    not permit any Guarantor to, consolidate or merge with or into
    or wind up into (whether or not the Issuer or Guarantor is the
    surviving corporation), or sell, assign, transfer, lease, convey
    or otherwise dispose of all or substantially all of its
    properties or assets, in one or more related transactions, to
    any Person unless:
(1) (a) such Guarantor is the surviving corporation or
    the Person formed by or surviving any such consolidation or
    merger (if other than such Guarantor) or to which such sale,
    assignment, transfer, lease, conveyance or other disposition
    will have been made is a corporation organized or existing under
    the
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laws of the jurisdiction of organization of such Guarantor, as
    the case may be, or the laws of the United States, any
    state thereof, the District of Columbia, or any territory
    thereof (such Guarantor or such Person, as the case may be,
    being herein called the "
Successor Person
");
(b) the Successor Person, if other than such Guarantor,
    expressly assumes all the obligations of such Guarantor under
    the Indenture and such Guarantor's related Guarantee
    pursuant to supplemental indentures or other documents or
    instruments in form reasonably satisfactory to the Trustee;
(c) immediately after such transaction, no Default
    exists; and
(d) the Issuer shall have delivered to the Trustee an
    Officer's Certificate and an Opinion of Counsel, each
    stating that such consolidation, merger or transfer and such
    supplemental indentures, if any, comply with the
    Indenture; or
(2) the transaction is made in compliance with the covenant
    described under "Repurchase at the Option of
    Holders — Asset Sales."
Subject to certain limitations described in the Indenture, the
    Successor Person will succeed to, and be substituted for, such
    Guarantor under the Indenture and such Guarantor's
    Guarantee. Notwithstanding the foregoing, any Guarantor may
    merge into or transfer all or part of its properties and assets
    to another Guarantor or the Issuer.
Transactions
    with Affiliates
The Issuer will not, and will not permit any of its Restricted
    Subsidiaries to, make any payment to, or sell, lease, transfer
    or otherwise dispose of any of its properties or assets to, or
    purchase any property or assets from, or enter into or make or
    amend any transaction, contract, agreement, understanding, loan,
    advance or guarantee with, or for the benefit of, any Affiliate
    of the Issuer (each of the foregoing, an "
Affiliate
    Transaction
") involving aggregate payments or
    consideration in excess of $20 million, unless:
(1) such Affiliate Transaction is on terms that are not
    materially less favorable to the Issuer or its relevant
    Restricted Subsidiary than those that would have been obtained
    in a comparable transaction by the Issuer or such Restricted
    Subsidiary with an unrelated Person on an arm's-length
    basis; and
(2) the Issuer delivers to the Trustee with respect to any
    Affiliate Transaction or series of related Affiliate
    Transactions involving aggregate payments or consideration in
    excess of $50 million, a resolution adopted by the majority
    of the board of directors of the Issuer approving such Affiliate
    Transaction and set forth in an Officer's Certificate
    certifying that such Affiliate Transaction complies with
    clause (1) above.
The foregoing provisions will not apply to the following:
(1) transactions between or among the Issuer or any of its
    Restricted Subsidiaries;
(2) Restricted Payments permitted by the provisions of the
    Indenture described above under the covenant
    "— Limitation on Restricted Payments" and
    the definition of "Permitted Investments";
(3) the payment of management, consulting, monitoring and
    advisory fees and related expenses to the Investors pursuant to
    the Sponsor Management Agreement in an aggregate amount in any
    fiscal year not to exceed 1% of EBITDA for such fiscal year
    (calculated, solely for the purpose of this clause (3), assuming
    (a) that such fees and related expenses had not been paid,
    when calculating Net Income, and (b) without giving effect
    to clause (h) of the definition of EBITDA) (plus any unpaid
    management, consulting, monitoring and advisory fees and related
    expenses within such amount accrued in any prior year) and the
    termination fees pursuant to the Sponsor Management Agreement
    not to exceed the amount set forth in the Sponsor Management
    Agreement as in effect on the Issue Date;
(4) the payment of reasonable and customary fees paid to,
    and indemnities provided on behalf of, officers, directors,
    employees or consultants of Issuer, any of its direct or
    indirect parent companies or any of its Restricted Subsidiaries;
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(5) transactions in which the Issuer or any of its
    Restricted Subsidiaries, as the case may be, delivers to the
    Trustee a letter from an Independent Financial Advisor stating
    that such transaction is fair to the Issuer or such Restricted
    Subsidiary from a financial point of view or stating that the
    terms are not materially less favorable to the Issuer or its
    relevant Restricted Subsidiary than those that would have been
    obtained in a comparable transaction by the Issuer or such
    Restricted Subsidiary with an unrelated Person on an
    arm's-length basis;
(6) any agreement as in effect as of the Issue Date, or any
    amendment thereto (so long as any such amendment is not
    disadvantageous to the Holders when taken as a whole as compared
    to the applicable agreement as in effect on the Issue Date);
(7) the existence of, or the performance by the Issuer or
    any of its Restricted Subsidiaries of its obligations under the
    terms of, any stockholders agreement (including any registration
    rights agreement or purchase agreement related thereto) to which
    it is a party as of the Issue Date and any similar agreements
    which it may enter into thereafter;
provided
,
however
, that the existence of, or the performance by the
    Issuer or any of its Restricted Subsidiaries of obligations
    under any future amendment to any such existing agreement or
    under any similar agreement entered into after the Issue Date
    shall only be permitted by this clause (7) to the extent
    that the terms of any such amendment or new agreement are not
    otherwise disadvantageous to the Holders when taken as a whole;
(8) the Transaction and the payment of all fees and
    expenses related to the Transaction, in each case as disclosed
    in this prospectus;
(9) transactions with customers, clients, suppliers, or
    purchasers or sellers of goods or services, in each case in the
    ordinary course of business and otherwise in compliance with the
    terms of the Indenture which are fair to the Issuer and its
    Restricted Subsidiaries, in the reasonable determination of the
    board of directors of the Issuer or the senior management
    thereof, or are on terms at least as favorable as might
    reasonably have been obtained at such time from an unaffiliated
    party;
(10) the issuance of Equity Interests (other than
    Disqualified Stock) of the Issuer to any Permitted Holder or to
    any director, officer, employee or consultant;
(11) sales of accounts receivable, or participations
    therein, in connection with any Receivables Facility;
(12) payments by the Issuer or any of its Restricted
    Subsidiaries to any of the Investors made for any financial
    advisory, financing, underwriting or placement services or in
    respect of other investment banking activities, including,
    without limitation, in connection with acquisitions or
    divestitures which payments are approved by a majority of the
    board of directors of the Issuer in good faith;
(13) payments or loans (or cancellation of loans) to
    employees or consultants of the Issuer, any of its direct or
    indirect parent companies or any of its Restricted Subsidiaries
    and employment agreements, stock option plans and other similar
    arrangements with such employees or consultants which, in each
    case, are approved by the Issuer in good faith; and
(14) investments by the Investors in securities of the
    Issuer or any of its Restricted Subsidiaries so long as
    (i) the investment is being offered generally to other
    investors on the same or more favorable terms and (ii) the
    investment constitutes less than 5% of the proposed or
    outstanding issue amount of such class of securities.
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Dividend
    and Other Payment Restrictions Affecting Restricted
    Subsidiaries
The Issuer will not, and will not permit any of its Restricted
    Subsidiaries that are not Guarantors to, directly or indirectly,
    create or otherwise cause or suffer to exist or become effective
    any consensual encumbrance or consensual restriction on the
    ability of any such Restricted Subsidiary to:
(1) (a) pay dividends or make any other distributions
    to the Issuer or any of its Restricted Subsidiaries on its
    Capital Stock or with respect to any other interest or
    participation in, or measured by, its profits, or
(b) pay any Indebtedness owed to the Issuer or any of its
    Restricted Subsidiaries;
(2) make loans or advances to the Issuer or any of its
    Restricted Subsidiaries; or
(3) sell, lease or transfer any of its properties or assets
    to the Issuer or any of its Restricted Subsidiaries, except (in
    each case) for such encumbrances or restrictions existing under
    or by reason of:
(a) contractual encumbrances or restrictions in effect on
    the Issue Date, including pursuant to the Senior Credit
    Facilities and the related documentation and the indenture
    governing the Senior Subordinated Notes and the related
    documentation;
(b) the Indenture and the Senior Notes;
(c) purchase money obligations for property acquired in the
    ordinary course of business that impose restrictions of the
    nature discussed in clause (3) above on the property so
    acquired;
(d) applicable law or any applicable rule, regulation or
    order;
(e) any agreement or other instrument of a Person acquired
    by the Issuer or any of its Restricted Subsidiaries in existence
    at the time of such acquisition (but not created in
    contemplation thereof), which encumbrance or restriction is not
    applicable to any Person, or the properties or assets of any
    Person, other than the Person and its Subsidiaries, or the
    property or assets of the Person and its Subsidiaries, so
    acquired;
(f) contracts for the sale of assets, including customary
    restrictions with respect to a Subsidiary of the Issuer pursuant
    to an agreement that has been entered into for the sale or
    disposition of all or substantially all of the Capital Stock or
    assets of such Subsidiary;
(g) Secured Indebtedness otherwise permitted to be incurred
    pursuant to the covenants described under
    "— Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock" and
    "— Liens" that limit the right of the debtor
    to dispose of the assets securing such Indebtedness;
(h) restrictions on cash or other deposits or net worth
    imposed by customers under contracts entered into in the
    ordinary course of business;
(i) other Indebtedness, Disqualified Stock or Preferred
    Stock of Foreign Subsidiaries permitted to be incurred
    subsequent to the Issue Date pursuant to the provisions of the
    covenant described under "— Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock";
(j) customary provisions in joint venture agreements and
    other similar agreements relating solely to such joint venture;
(k) customary provisions contained in leases or licenses of
    intellectual property and other agreements, in each case,
    entered into in the ordinary course of business;
(l) any encumbrances or restrictions of the type referred
    to in clauses (1), (2) and (3) above imposed by any
    amendments, modifications, restatements, renewals, increases,
    supplements, refundings, replacements or refinancings of the
    contracts, instruments or obligations referred to in
    clauses (a) through (k) above;
provided
that
    such amendments, modifications, restatements, renewals,
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increases, supplements, refundings, replacements or refinancings
    are, in the good faith judgment of the Issuer, no more
    restrictive with respect to such encumbrance and other
    restrictions taken as a whole than those prior to such
    amendment, modification, restatement, renewal, increase,
    supplement, refunding, replacement or refinancing; and
(m) restrictions created in connection with any Receivables
    Facility that, in the good faith determination of the Issuer are
    necessary or advisable to effect such Receivables Facility.
Limitation
    on Guarantees of Indebtedness by Restricted
    Subsidiaries
The Issuer will not permit any of its Wholly-Owned Subsidiaries
    that are Restricted Subsidiaries (and non-Wholly-Owned
    Subsidiaries if such non-Wholly-Owned Subsidiaries guarantee
    other capital markets debt securities), other than a Guarantor
    or a Foreign Subsidiary, to guarantee the payment of any
    Indebtedness of the Issuer or any other Guarantor unless:
(1) such Restricted Subsidiary within 30 days executes
    and delivers a supplemental indenture to the Indenture providing
    for a Guarantee by such Restricted Subsidiary, except that with
    respect to a guarantee of Indebtedness of the Issuer or any
    Guarantor:
(a) if the Senior Notes or such Guarantor's Guarantee
    are subordinated in right of payment to such Indebtedness, the
    Guarantee under the supplemental indenture shall be subordinated
    to such Restricted Subsidiary's guarantee with respect to
    such Indebtedness substantially to the same extent as the Senior
    Notes are subordinated to such Indebtedness; and
(b) if such Indebtedness is by its express terms
    subordinated in right of payment to the Senior Notes or such
    Guarantor's Guarantee, any such guarantee by such
    Restricted Subsidiary with respect to such Indebtedness shall be
    subordinated in right of payment to such Guarantee substantially
    to the same extent as such Indebtedness is subordinated to the
    Senior Notes;
(2) such Restricted Subsidiary waives and will not in any
    manner whatsoever claim or take the benefit or advantage of, any
    rights of reimbursement, indemnity or subrogation or any other
    rights against the Issuer or any other Restricted Subsidiary as
    a result of any payment by such Restricted Subsidiary under its
    Guarantee; and
(3) such Restricted Subsidiary shall deliver to the Trustee
    an Opinion of Counsel to the effect that:
(a) such Guarantee has been duly executed and
    authorized; and
(b) such Guarantee constitutes a valid, binding and
    enforceable obligation of such Restricted Subsidiary, except
    insofar as enforcement thereof may be limited by bankruptcy,
    insolvency or similar laws (including, without limitation, all
    laws relating to fraudulent transfers) and except insofar as
    enforcement thereof is subject to general principles of equity;
provided
that this covenant shall not be applicable to
    any guarantee of any Restricted Subsidiary that existed at the
    time such Person became a Restricted Subsidiary and was not
    incurred in connection with, or in contemplation of, such Person
    becoming a Restricted Subsidiary.
Reports
    and Other Information
Notwithstanding that the Issuer may not be subject to the
    reporting requirements of Section 13 or 15(d) of the
    Exchange Act or otherwise report on an annual and quarterly
    basis on forms provided for such annual and quarterly reporting
    pursuant to rules and regulations promulgated by the SEC, the
    Indenture requires the Issuer to file with the SEC (and make
    available to the Trustee and Holders of the Senior Notes
    (without exhibits), without cost to any Holder, within
    15 days after it files them with the SEC) from and after
    the Issue Date,
(1) within 90 days (or any other time period then in
    effect under the rules and regulations of the Exchange Act with
    respect to the filing of a
Form 10-K
by a non-accelerated filer) after the end of each
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fiscal year, annual reports on
Form 10-K,
or any successor or comparable form, containing the information
    required to be contained therein, or required in such successor
    or comparable form;
(2) within 45 days after the end of each of the first
    three fiscal quarters of each fiscal year, reports on
Form 10-Q
containing all quarterly information that would be required to
    be contained in
Form 10-Q,
or any successor or comparable form;
(3) promptly from time to time after the occurrence of an
    event required to be therein reported, such other reports on
Form 8-K,
or any successor or comparable form; and
(4) any other information, documents and other reports
    which the Issuer would be required to file with the SEC if it
    were subject to Section 13 or 15(d) of the Exchange Act;
in each case, in a manner that complies in all material respects
    with the requirements specified in such form;
provided
that the Issuer shall not be so obligated to file such
    reports with the SEC if the SEC does not permit such filing, in
    which event the Issuer will make available such information to
    prospective purchasers of Senior Notes, in addition to providing
    such information to the Trustee and the Holders of the Senior
    Notes, in each case within 15 days after the time the
    Issuer would be required to file such information with the SEC,
    if it were subject to Sections 13 or 15(d) of the Exchange
    Act. In addition, to the extent not satisfied by the foregoing,
    the Issuer will agree that, for so long as any Senior Notes are
    outstanding, it will furnish to Holders and to securities
    analysts and prospective investors, upon their request, the
    information required to be delivered pursuant to
    Rule 144A(d)(4) under the Securities Act.
In the event that any direct or indirect parent company of the
    Issuer becomes a guarantor of the Senior Notes, the Indenture
    will permit the Issuer to satisfy its obligations in this
    covenant with respect to financial information relating to the
    Issuer by furnishing financial information relating to such
    parent;
provided
that the same is accompanied by
    consolidating information that explains in reasonable detail the
    differences between the information relating to such parent, on
    the one hand, and the information relating to the Issuer and its
    Restricted Subsidiaries on a standalone basis, on the other hand.
Notwithstanding the foregoing, such requirements shall be deemed
    satisfied prior to the commencement of the exchange offers or
    the effectiveness of the shelf registration statement by the
    filing with the SEC of the exchange offer registration statement
    or shelf registration statement, and any amendments thereto,
    with such financial information that satisfies
Regulation S-X
of the Securities Act.
Events of
    Default and Remedies
The Indenture provides that each of the following is an Event of
    Default:
(1) default in payment when due and payable, upon
    redemption, acceleration or otherwise, of principal of, or
    premium, if any, on the Senior Notes;
(2) default for 30 days or more in the payment when
    due of interest or Additional Interest on or with respect to the
    Senior Notes;
(3) failure by the Issuer or any Guarantor for 60 days
    after receipt of written notice given by the Trustee or the
    Holders of not less 30% in principal amount of the Senior Notes
    to comply with any of its obligations, covenants or agreements
    (other than a default referred to in clauses (1) and
    (2) above) contained in the Indenture or the Senior Notes;
(4) default under any mortgage, indenture or instrument
    under which there is issued or by which there is secured or
    evidenced any Indebtedness for money borrowed by the Issuer or
    any of its Restricted Subsidiaries or the payment of which is
    guaranteed by the Issuer or any of its Restricted Subsidiaries,
    other than Indebtedness owed to the Issuer or a Restricted
    Subsidiary, whether such Indebtedness or guarantee now exists or
    is created after the issuance of the Senior Notes, if both:
(a) such default either results from the failure to pay any
    principal of such Indebtedness at its stated final maturity
    (after giving effect to any applicable grace periods) or relates
    to an obligation other than the obligation to pay principal of
    any such Indebtedness at its stated final maturity and
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results in the holder or holders of such Indebtedness causing
    such Indebtedness to become due prior to its stated
    maturity; and
(b) the principal amount of such Indebtedness, together
    with the principal amount of any other such Indebtedness in
    default for failure to pay principal at stated final maturity
    (after giving effect to any applicable grace periods), or the
    maturity of which has been so accelerated, aggregate
    $100 million or more at any one time outstanding;
(5) failure by the Issuer or any Significant Subsidiary to
    pay final judgments aggregating in excess of $100 million,
    which final judgments remain unpaid, undischarged and unstayed
    for a period of more than 60 days after such judgment
    becomes final, and in the event such judgment is covered by
    insurance, an enforcement proceeding has been commenced by any
    creditor upon such judgment or decree which is not promptly
    stayed;
(6) certain events of bankruptcy or insolvency with respect
    to the Issuer or any Significant Subsidiary; or
(7) the Guarantee of any Significant Subsidiary shall for
    any reason cease to be in full force and effect or be declared
    null and void or any responsible officer of any Guarantor that
    is a Significant Subsidiary, as the case may be, denies that it
    has any further liability under its Guarantee or gives notice to
    such effect, other than by reason of the termination of the
    Indenture or the release of any such Guarantee in accordance
    with the Indenture.
If any Event of Default (other than of a type specified in
    clause (6) above) occurs and is continuing under the
    Indenture, the Trustee or the Holders of at least 30% in
    principal amount of the then total outstanding Senior Notes may
    declare the principal, premium, if any, interest and any other
    monetary obligations on all the then outstanding Senior Notes to
    be due and payable immediately.
Upon the effectiveness of such declaration, such principal and
    interest will be due and payable immediately. Notwithstanding
    the foregoing, in the case of an Event of Default arising under
    clause (6) of the first paragraph of this section, all
    outstanding Senior Notes will become due and payable without
    further action or notice. The Indenture provides that the
    Trustee may withhold from the Holders notice of any continuing
    Default, except a Default relating to the payment of principal,
    premium, if any, or interest, if it determines that withholding
    notice is in their interest. In addition, the Trustee shall have
    no obligation to accelerate the Senior Notes if in the best
    judgment of the Trustee acceleration is not in the best interest
    of the Holders of the Senior Notes.
The Indenture provides that the Holders of a majority in
    aggregate principal amount of the then outstanding Senior Notes
    by notice to the Trustee may on behalf of the Holders of all of
    the Senior Notes waive any existing Default and its consequences
    under the Indenture except a continuing Default in the payment
    of interest on, premium, if any, or the principal of any Senior
    Note held by a non-consenting Holder. In the event of any Event
    of Default specified in clause (4) above, such Event of
    Default and all consequences thereof (excluding any resulting
    payment default, other than as a result of acceleration of the
    Senior Notes) shall be annulled, waived and rescinded,
    automatically and without any action by the Trustee or the
    Holders, if within 20 days after such Event of Default
    arose:
(1) the Indebtedness or guarantee that is the basis for
    such Event of Default has been discharged; or
(2) holders thereof have rescinded or waived the
    acceleration, notice or action (as the case may be) giving rise
    to such Event of Default; or
(3) the default that is the basis for such Event of Default
    has been cured.
Subject to the provisions of the Indenture relating to the
    duties of the Trustee thereunder, in case an Event of Default
    occurs and is continuing, the Trustee will be under no
    obligation to exercise any of the rights or powers under the
    Indenture at the request or direction of any of the Holders of
    the Senior Notes unless the Holders have offered to the Trustee
    reasonable indemnity or security against any loss, liability or
    expense.
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Except to enforce the right to receive payment of principal,
    premium (if any) or interest when due, no Holder of a Senior
    Note may pursue any remedy with respect to the Indenture or the
    Senior Notes unless:
(1) such Holder has previously given the Trustee notice
    that an Event of Default is continuing;
(2) Holders of at least 30% in principal amount of the
    total outstanding Senior Notes have requested the Trustee to
    pursue the remedy;
(3) Holders of the Senior Notes have offered the Trustee
    reasonable security or indemnity against any loss, liability or
    expense;
(4) the Trustee has not complied with such request within
    60 days after the receipt thereof and the offer of security
    or indemnity; and
(5) Holders of a majority in principal amount of the total
    outstanding Senior Notes have not given the Trustee a direction
    inconsistent with such request within such
60-day
period.
Subject to certain restrictions, under the Indenture the Holders
    of a majority in principal amount of the total outstanding
    Senior Notes are given the right to direct the time, method and
    place of conducting any proceeding for any remedy available to
    the Trustee or of exercising any trust or power conferred on the
    Trustee. The Trustee, however, may refuse to follow any
    direction that conflicts with law or the Indenture or that the
    Trustee determines is unduly prejudicial to the rights of any
    other Holder of a Senior Note or that would involve the Trustee
    in personal liability.
The Indenture provides that the Issuer is required to deliver to
    the Trustee annually a statement regarding compliance with the
    Indenture, and the Issuer is required, within five Business
    Days, upon becoming aware of any Default, to deliver to the
    Trustee a statement specifying such Default.
No
    Personal Liability of Directors, Officers, Employees and
    Stockholders
No director, officer, employee, incorporator or stockholder of
    the Issuer or any Guarantor or any of their parent companies has
    any liability for any obligations of the Issuer or the
    Guarantors under the Senior Notes, the Guarantees or the
    Indenture or for any claim based on, in respect of, or by reason
    of such obligations or their creation. Each Holder by accepting
    Senior Notes waives and releases all such liability. The waiver
    and release are part of the consideration for issuance of the
    Senior Notes. Such waiver may not be effective to waive
    liabilities under the federal securities laws and it is the view
    of the SEC that such a waiver is against public policy.
Legal
    Defeasance and Covenant Defeasance
The obligations of the Issuer and the Guarantors under the
    Indenture will terminate (other than certain obligations) and
    will be released upon payment in full of all of the Senior
    Notes. The Issuer may, at its option and at any time, elect to
    have all of its obligations discharged with respect to the
    Senior Notes and have the Issuer and each Guarantor's
    obligation discharged with respect to its Guarantee
    ("
Legal Defeasance
") and cure all then existing
    Events of Default except for:
(1) the rights of Holders of Senior Notes to receive
    payments in respect of the principal of, premium, if any, and
    interest on the Senior Notes when such payments are due solely
    out of the trust created pursuant to the Indenture;
(2) the Issuer's obligations with respect to Senior
    Notes concerning issuing temporary Senior Notes, registration of
    such Senior Notes, mutilated, destroyed, lost or stolen Senior
    Notes and the maintenance of an office or agency for payment and
    money for security payments held in trust;
(3) the rights, powers, trusts, duties and immunities of
    the Trustee, and the Issuer's obligations in connection
    therewith; and
(4) the Legal Defeasance provisions of the Indenture.
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In addition, the Issuer may, at its option and at any time,
    elect to have its obligations and those of each Guarantor
    released with respect to certain covenants that are described in
    the Indenture ("
Covenant Defeasance
") and
    thereafter any omission to comply with such obligations shall
    not constitute a Default with respect to the Senior Notes. In
    the event Covenant Defeasance occurs, certain events (not
    including bankruptcy, receivership, rehabilitation and
    insolvency events pertaining to the Issuer) described under
    "Events of Default and Remedies" will no longer
    constitute an Event of Default with respect to the Senior Notes.
In order to exercise either Legal Defeasance or Covenant
    Defeasance with respect to the Senior Notes:
(1) the Issuer must irrevocably deposit with the Trustee,
    in trust, for the benefit of the Holders of the Senior Notes,
    cash in U.S. dollars, Government Securities, or a
    combination thereof, in such amounts as will be sufficient, in
    the opinion of a nationally recognized firm of independent
    public accountants, to pay the principal of, premium, if any,
    and interest due on the Senior Notes on the stated maturity date
    or on the redemption date, as the case may be, of such
    principal, premium, if any, or interest on such Senior Notes and
    the Issuer must specify whether such Senior Notes are being
    defeased to maturity or to a particular redemption date;
(2) in the case of Legal Defeasance, the Issuer shall have
    delivered to the Trustee an Opinion of Counsel reasonably
    acceptable to the Trustee confirming that, subject to customary
    assumptions and exclusions,
(a) the Issuer has received from, or there has been
    published by, the United States Internal Revenue Service a
    ruling, or
(b) since the issuance of the Senior Notes, there has been
    a change in the applicable U.S. federal income tax law,
in either case to the effect that, and based thereon such
    Opinion of Counsel shall confirm that, subject to customary
    assumptions and exclusions, the Holders of the Senior Notes will
    not recognize income, gain or loss for U.S. federal income
    tax purposes, as applicable, as a result of such Legal
    Defeasance and will be subject to U.S. federal income tax
    on the same amounts, in the same manner and at the same times as
    would have been the case if such Legal Defeasance had not
    occurred;
(3) in the case of Covenant Defeasance, the Issuer shall
    have delivered to the Trustee an Opinion of Counsel reasonably
    acceptable to the Trustee confirming that, subject to customary
    assumptions and exclusions, the Holders of the Senior Notes will
    not recognize income, gain or loss for U.S. federal income
    tax purposes as a result of such Covenant Defeasance and will be
    subject to such tax on the same amounts, in the same manner and
    at the same times as would have been the case if such Covenant
    Defeasance had not occurred;
(4) no Default (other than that resulting from borrowing
    funds to be applied to make such deposit and the granting of
    Liens in connection therewith) shall have occurred and be
    continuing on the date of such deposit;
(5) such Legal Defeasance or Covenant Defeasance shall not
    result in a breach or violation of, or constitute a default
    under the Senior Credit Facilities, the Senior Subordinated
    Notes or the indenture pursuant to which the Senior Subordinated
    Notes were issued or any other material agreement or instrument
    (other than the Indenture) to which, the Issuer or any Guarantor
    is a party or by which the Issuer or any Guarantor is bound;
(6) the Issuer shall have delivered to the Trustee an
    Opinion of Counsel to the effect that, as of the date of such
    opinion and subject to customary assumptions and exclusions
    following the deposit, the trust funds will not be subject to
    the effect of Section 547 of Title 11 of the United
    States Code;
(7) the Issuer shall have delivered to the Trustee an
    Officer's Certificate stating that the deposit was not made
    by the Issuer with the intent of defeating, hindering, delaying
    or defrauding any creditors of the Issuer or any Guarantor or
    others; and
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(8) the Issuer shall have delivered to the Trustee an
    Officer's Certificate and an Opinion of Counsel (which
    Opinion of Counsel may be subject to customary assumptions and
    exclusions) each stating that all conditions precedent provided
    for or relating to the Legal Defeasance or the Covenant
    Defeasance, as the case may be, have been complied with.
Satisfaction
    and Discharge
The Indenture will be discharged and will cease to be of further
    effect as to all Senior Notes, when either:
(1) all Senior Notes theretofore authenticated and
    delivered, except lost, stolen or destroyed Senior Notes which
    have been replaced or paid and Senior Notes for whose payment
    money has theretofore been deposited in trust, have been
    delivered to the Trustee for cancellation; or
(2) (a) all Senior Notes not theretofore delivered to
    the Trustee for cancellation have become due and payable by
    reason of the making of a notice of redemption or otherwise,
    will become due and payable within one year or are to be called
    for redemption within one year under arrangements satisfactory
    to the Trustee for the giving of notice of redemption by the
    Trustee in the name, and at the expense, of the Issuer and the
    Issuer or any Guarantor have irrevocably deposited or caused to
    be deposited with the Trustee as trust funds in trust solely for
    the benefit of the Holders of the Senior Notes, cash in
    U.S. dollars, Government Securities, or a combination
    thereof, in such amounts as will be sufficient without
    consideration of any reinvestment of interest to pay and
    discharge the entire indebtedness on the Senior Notes not
    theretofore delivered to the Trustee for cancellation for
    principal, premium, if any, and accrued interest to the date of
    maturity or redemption;
(b) no Default (other than that resulting from borrowing
    funds to be applied to make such deposit) with respect to the
    Indenture or the Senior Notes shall have occurred and be
    continuing on the date of such deposit or shall occur as a
    result of such deposit and such deposit will not result in a
    breach or violation of, or constitute a default under the Senior
    Credit Facilities, Senior Subordinated Notes (or the indenture
    under which the Senior Subordinated Notes are issued) or any
    other material agreement or instrument (other than the
    Indenture) to which the Issuer or any Guarantor is a party or by
    which the Issuer or any Guarantor is bound;
(c) the Issuer has paid or caused to be paid all sums
    payable by it under the Indenture; and
(d) the Issuer has delivered irrevocable instructions to
    the Trustee to apply the deposited money toward the payment of
    the Senior Notes at maturity or the redemption date, as the case
    may be.
In addition, the Issuer must deliver an Officer's
    Certificate and an Opinion of Counsel to the Trustee stating
    that all conditions precedent to satisfaction and discharge have
    been satisfied.
Amendment,
    Supplement and Waiver
Except as provided in the next two succeeding paragraphs, the
    Indenture, any Guarantee and the Senior Notes may be amended or
    supplemented with the consent of the Holders of at least a
    majority in principal amount of the Senior Notes then
    outstanding, including consents obtained in connection with a
    purchase of, or tender offer or exchange offer for, Senior
    Notes, and any existing Default or compliance with any provision
    of the Indenture or the Senior Notes issued thereunder may be
    waived with the consent of the Holders of a majority in
    principal amount of the then outstanding Senior Notes, other
    than Senior Notes beneficially owned by the Issuer or its
    Affiliates (including consents obtained in connection with a
    purchase of or tender offer or exchange offer for the Senior
    Notes).
The Indenture provides that, without the consent of each
    affected Holder of Senior Notes, an amendment or waiver may not,
    with respect to any Senior Notes held by a non-consenting Holder:
(1) reduce the principal amount of such Senior Notes whose
    Holders must consent to an amendment, supplement or waiver;
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(2) reduce the principal of or change the fixed final
    maturity of any such Senior Note or alter or waive the
    provisions with respect to the redemption of such Senior Notes
    (other than provisions relating to the covenants described above
    under the caption "Repurchase at the Option of
    Holders");
(3) reduce the rate of or change the time for payment of
    interest on any Senior Note;
(4) waive a Default in the payment of principal of or
    premium, if any, or interest on the Senior Notes, except a
    rescission of acceleration of the Senior Notes by the Holders of
    at least a majority in aggregate principal amount of the Senior
    Notes and a waiver of the payment default that resulted from
    such acceleration, or in respect of a covenant or provision
    contained in the Indenture or any Guarantee which cannot be
    amended or modified without the consent of all Holders;
(5) make any Senior Note payable in money other than that
    stated therein;
(6) make any change in the provisions of the Indenture
    relating to waivers of past Defaults or the rights of Holders to
    receive payments of principal of or premium, if any, or interest
    on the Senior Notes;
(7) make any change in these amendment and waiver
    provisions;
(8) impair the right of any Holder to receive payment of
    principal of, or interest on such Holder's Senior Notes on
    or after the due dates therefor or to institute suit for the
    enforcement of any payment on or with respect to such
    Holder's Senior Notes;
(9) make any change to or modify the ranking of the Senior
    Notes that would adversely affect the Holders; or
(10) except as expressly permitted by the Indenture, modify
    the Guarantees of any Significant Subsidiary in any manner
    adverse to the Holders of the Senior Notes.
Notwithstanding the foregoing, the Issuer, any Guarantor (with
    respect to a Guarantee or the Indenture to which it is a party)
    and the Trustee may amend or supplement the Indenture and any
    Guarantee or Senior Notes without the consent of any Holder;
(1) to cure any ambiguity, omission, mistake, defect or
    inconsistency;
(2) to provide for uncertificated Senior Notes of such
    series in addition to or in place of certificated Senior Notes;
(3) to comply with the covenant relating to mergers,
    consolidations and sales of assets;
(4) to provide the assumption of the Issuer's or any
    Guarantor's obligations to the Holders;
(5) to make any change that would provide any additional
    rights or benefits to the Holders or that does not adversely
    affect the legal rights under the Indenture of any such Holder;
(6) to add covenants for the benefit of the Holders or to
    surrender any right or power conferred upon the Issuer or any
    Guarantor;
(7) to comply with requirements of the SEC in order to
    effect or maintain the qualification of the Indenture under the
    Trust Indenture Act;
(8) to evidence and provide for the acceptance and
    appointment under the Indenture of a successor Trustee
    thereunder pursuant to the requirements thereof;
(9) to provide for the issuance of exchange notes or
    private exchange notes, which are identical to exchange notes
    except that they are not freely transferable;
(10) to add a Guarantor under the Indenture;
(11) to conform the text of the Indenture, Guarantees or
    the Senior Notes to any provision of this "Description of
    Senior Notes" to the extent that such provision in this
    "Description of Senior Notes" was intended to be a
    verbatim recitation of a provision of the Indenture, Guarantee
    or Senior Notes; or
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(12) making any amendment to the provisions of the
    Indenture relating to the transfer and legending of Senior Notes
    as permitted by the Indenture, including, without limitation to
    facilitate the issuance and administration of the Senior Notes;
provided
,
however
, that (i) compliance with
    the Indenture as so amended would not result in Senior Notes
    being transferred in violation of the Securities Act or any
    applicable securities law and (ii) such amendment does not
    materially and adversely affect the rights of Holders to
    transfer Senior Notes.
The consent of the Holders is not necessary under the Indenture
    to approve the particular form of any proposed amendment. It is
    sufficient if such consent approves the substance of the
    proposed amendment.
Notices
Notices given by publication will be deemed given on the first
    date on which publication is made and notices given by
    first-class mail, postage prepaid, will be deemed given five
    calendar days after mailing.
Concerning
    the Trustee
The Indenture contains certain limitations on the rights of the
    Trustee thereunder, should it become a creditor of the Issuer,
    to obtain payment of claims in certain cases, or to realize on
    certain property received in respect of any such claim as
    security or otherwise. The Trustee is permitted to engage in
    other transactions; however, if it acquires any conflicting
    interest it must eliminate such conflict within 90 days,
    apply to the SEC for permission to continue or resign.
The Indenture provides that the Holders of a majority in
    principal amount of the outstanding Senior Notes have the right
    to direct the time, method and place of conducting any
    proceeding for exercising any remedy available to the Trustee,
    subject to certain exceptions. The Indenture provides that in
    case an Event of Default shall occur (which shall not be cured),
    the Trustee will be required, in the exercise of its power, to
    use the degree of care of a prudent person in the conduct of his
    own affairs. Subject to such provisions, the Trustee is under no
    obligation to exercise any of its rights or powers under the
    Indenture at the request of any Holder of the Senior Notes,
    unless such Holder shall have offered to the Trustee security
    and indemnity satisfactory to it against any loss, liability or
    expense.
Governing
    Law
The Indenture, the Senior Notes and any Guarantee are governed
    by and construed in accordance with the laws of the State of New
    York.
Certain
    Definitions
Set forth below are certain defined terms used in the Indenture.
    For purposes of the Indenture, unless otherwise specifically
    indicated, the term "consolidated" with respect to any
    Person refers to such Person consolidated with its Restricted
    Subsidiaries, and excludes from such consolidation any
    Unrestricted Subsidiary as if such Unrestricted Subsidiary were
    not an Affiliate of such Person.
"
Acquired Indebtedness
" means, with respect to
    any specified Person,
(1) Indebtedness of any other Person existing at the time
    such other Person is merged with or into or became a Restricted
    Subsidiary of such specified Person, including Indebtedness
    incurred in connection with, or in contemplation of, such other
    Person merging with or into or becoming a Restricted Subsidiary
    of such specified Person, and
(2) Indebtedness secured by a Lien encumbering any asset
    acquired by such specified Person.
"
Acquisition
" means the transactions
    contemplated by the Transaction Agreement.
"
Additional Interest
" means all additional
    interest then owing pursuant to the Registration Rights
    Agreement.
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"
Affiliate
" of any specified Person means any
    other Person directly or indirectly controlling or controlled by
    or under direct or indirect common control with such specified
    Person. For purposes of this definition, "control"
    (including, with correlative meanings, the terms
    "controlling," "controlled by" and
    "under common control with"), as used with respect to
    any Person, shall mean the possession, directly or indirectly,
    of the power to direct or cause the direction of the management
    or policies of such Person, whether through the ownership of
    voting securities, by agreement or otherwise.
"
Applicable Premium
" means, with respect to any
    Senior Note on any Redemption Date, the greater of:
(1) 1.0% of the principal amount of such Senior
    Note; and
(2) the excess, if any, of (a) the present value at
    such Redemption Date of (i) the redemption price of
    such Senior Note at August 15, 2009 (such redemption price
    being set forth in the table appearing above under the caption
    "Optional Redemption"), plus (ii) all required
    interest payments due on such Senior Note through
    August 15, 2009 (excluding accrued but unpaid interest to
    the Redemption Date), computed using a discount rate equal
    to the Treasury Rate as of such Redemption Date plus
    50 basis points; over (b) the principal amount of such
    Senior Note.
"Asset Sale"
means:
(1) the sale, conveyance, transfer or other disposition,
    whether in a single transaction or a series of related
    transactions, of property or assets (including by way of a Sale
    and Lease-Back Transaction) of the Issuer or any of its
    Restricted Subsidiaries (each referred to in this definition as
    a "disposition"); or
(2) the issuance or sale of Equity Interests of any
    Restricted Subsidiary, whether in a single transaction or a
    series of related transactions;
in each case, other than:
(a) any disposition of Cash Equivalents or Investment Grade
    Securities or obsolete or worn out equipment in the ordinary
    course of business or any disposition of inventory or goods (or
    other assets) held for sale in the ordinary course of business;
(b) the disposition of all or substantially all of the
    assets of the Issuer in a manner permitted pursuant to the
    provisions described above under "Certain
    Covenants — Merger, Consolidation or Sale of All or
    Substantially All Assets" or any disposition that
    constitutes a Change of Control pursuant to the Indenture;
(c) the making of any Restricted Payment or Permitted
    Investment that is permitted to be made, and is made, under the
    covenant described above under "Certain
    Covenants — Limitation on Restricted Payments";
(d) any disposition of assets or issuance or sale of Equity
    Interests of any Restricted Subsidiary in any transaction or
    series of transactions with an aggregate fair market value of
    less than $50 million;
(e) any disposition of property or assets or issuance of
    securities by a Restricted Subsidiary of the Issuer to the
    Issuer or by the Issuer or a Restricted Subsidiary of the Issuer
    to another Restricted Subsidiary of the Issuer;
(f) to the extent allowable under Section 1031 of the
    Internal Revenue Code of 1986, any exchange of like property
    (excluding any boot thereon) for use in a Similar Business;
(g) the lease, assignment or
sub-lease
of
    any real or personal property in the ordinary course of business;
(h) any issuance or sale of Equity Interests in, or
    Indebtedness or other securities of, an Unrestricted Subsidiary;
(i) foreclosures on assets;
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(j) sales of accounts receivable, or participations
    therein, in connection with any Receivables Facility; and
(k) any financing transaction with respect to property
    built or acquired by the Issuer or any Restricted Subsidiary
    after the Issue Date, including Sale and Lease-Back Transactions
    and asset securitizations permitted by the Indenture.
"
Business Day
" means each day which is not a
    Legal Holiday.
"Capital Stock"
means:
(1) in the case of a corporation, corporate stock;
(2) in the case of an association or business entity, any
    and all shares, interests, participations, rights or other
    equivalents (however designated) of corporate stock;
(3) in the case of a partnership or limited liability
    company, partnership or membership interests (whether general or
    limited); and
(4) any other interest or participation that confers on a
    Person the right to receive a share of the profits and losses
    of, or distributions of assets of, the issuing Person.
"
Capitalized Lease Obligation
" means, at the
    time any determination thereof is to be made, the amount of the
    liability in respect of a capital lease that would at such time
    be required to be capitalized and reflected as a liability on a
    balance sheet (excluding the footnotes thereto) in accordance
    with GAAP.
"
Capitalized Software Expenditures
" shall mean,
    for any period, the aggregate of all expenditures (whether paid
    in cash or accrued as liabilities) by a Person and its
    Restricted Subsidiaries during such period in respect of
    purchased software or internally developed software and software
    enhancements that, in conformity with GAAP, are or are required
    to be reflected as capitalized costs on the consolidated balance
    sheet of a Person and its Restricted Subsidiaries.
"
Cash Equivalents
" means:
(1) United States dollars;
(2) (a) euro, or any national currency of any
    participating member state of the EMU; or
(b) in the case of any Foreign Subsidiary that is a
    Restricted Subsidiary, such local currencies held by them from
    time to time in the ordinary course of business;
(3) securities issued or directly and fully and
    unconditionally guaranteed or insured by the
    U.S. government or any agency or instrumentality thereof
    the securities of which are unconditionally guaranteed as a full
    faith and credit obligation of such government with maturities
    of 24 months or less from the date of acquisition;
(4) certificates of deposit, time deposits and eurodollar
    time deposits with maturities of one year or less from the date
    of acquisition, bankers' acceptances with maturities not
    exceeding one year and overnight bank deposits, in each case
    with any commercial bank having capital and surplus of not less
    than $500 million in the case of U.S. banks and
    $100 million (or the U.S. dollar equivalent as of the
    date of determination) in the case of
non-U.S. banks;
(5) repurchase obligations for underlying securities of the
    types described in clauses (3) and (4) entered into
    with any financial institution meeting the qualifications
    specified in clause (4) above;
(6) commercial paper rated at least
P-1
by
    Moody's or at least
A-1
by
    S&P and in each case maturing within 24 months after
    the date of creation thereof;
(7) marketable short-term money market and similar
    securities having a rating of at least
P-2
or
A-2
from
    either Moody's or S&P, respectively (or, if at any
    time neither Moody's nor S&P shall be rating such
    obligations, an equivalent rating from another Rating Agency)
    and in each case maturing within 24 months after the date
    of creation thereof;
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(8) investment funds investing 95% of their assets in
    securities of the types described in clauses (1) through
    (7) above;
(9) readily marketable direct obligations issued by any
    state, commonwealth or territory of the United States or any
    political subdivision or taxing authority thereof having an
    Investment Grade Rating from either Moody's or S&P
    with maturities of 24 months or less from the date of
    acquisition;
(10) Indebtedness or Preferred Stock issued by Persons with
    a rating of "A" or higher from S&P or
    "A2" or higher from Moody's with maturities of
    24 months or less from the date of acquisition; and
(11) Investments with average maturities of 12 months
    or less from the date of acquisition in money market funds rated
    AAA- (or the equivalent thereof) or better by S&P or Aaa3
    (or the equivalent thereof) or better by Moody's.
Notwithstanding the foregoing, Cash Equivalents shall include
    amounts denominated in currencies other than those set forth in
    clauses (1) and (2) above,
provided
that such
    amounts are converted into any currency listed in
    clauses (1) and (2) as promptly as practicable and in
    any event within ten Business Days following the receipt of such
    amounts.
"
Change of Control
" means the occurrence of any
    of the following:
(1) the sale, lease or transfer, in one or a series of
    related transactions, of all or substantially all of the assets
    of the Issuer and its Subsidiaries, taken as a whole, to any
    Person other than a Permitted Holder; or
(2) the Issuer becomes aware of (by way of a report or any
    other filing pursuant to Section 13(d) of the Exchange Act,
    proxy, vote, written notice or otherwise) the acquisition by any
    Person or group (within the meaning of Section 13(d)(3) or
    Section 14(d)(2) of the Exchange Act, or any successor
    provision), including any group acting for the purpose of
    acquiring, holding or disposing of securities (within the
    meaning of
Rule 13d-5(b)(1)
under the Exchange Act), other than the Permitted Holders, in a
    single transaction or in a related series of transactions, by
    way of merger, consolidation or other business combination or
    purchase of beneficial ownership (within the meaning of
Rule 13d-3
under the Exchange Act, or any successor provision) of 50% or
    more of the total voting power of the Voting Stock of the Issuer
    or any of its direct or indirect parent companies holding
    directly or indirectly 100% of the total voting power of the
    Voting Stock of the Issuer.
"
Consolidated Depreciation and Amortization
    Expense
" means with respect to any Person for any
    period, the total amount of depreciation and amortization
    expense, including the amortization of deferred financing fees
    and Capitalized Software Expenditures of such Person and its
    Restricted Subsidiaries for such period on a consolidated basis
    and otherwise determined in accordance with GAAP.
"
Consolidated Interest Expense
" means, with
    respect to any Person for any period, without duplication, the
    sum of:
(1) consolidated interest expense of such Person and its
    Restricted Subsidiaries for such period, to the extent such
    expense was deducted (and not added back) in computing
    Consolidated Net Income (including (a) amortization of
    original issue discount resulting from the issuance of
    Indebtedness at less than par, (b) all commissions,
    discounts and other fees and charges owed with respect to
    letters of credit or bankers acceptances, (c) non-cash
    interest payments (but excluding any non-cash interest expense
    attributable to the movement in the mark to market valuation of
    Hedging Obligations or other derivative instruments pursuant to
    GAAP), (d) the interest component of Capitalized Lease
    Obligations, and (e) net payments, if any, pursuant to
    interest rate Hedging Obligations with respect to Indebtedness,
    and excluding (v) any expense resulting from the
    discounting of the Senior Secured Notes in connection with the
    application of purchase accounting in connection with the
    Transaction, (w) any Additional Interest and any
    "additional interest" with respect to the Senior
    Subordinated Notes, (x) amortization of deferred financing
    fees, debt issuance costs, commissions, fees and expenses,
    (y) any expensing of bridge, commitment and other financing
    fees and (z) commissions, discounts, yield and other fees
    and charges (including any interest expense) related to any
    Receivables Facility); plus
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(2) consolidated capitalized interest of such Person and
    its Restricted Subsidiaries for such period, whether paid or
    accrued; less
(3) interest income for such period.
For purposes of this definition, interest on a Capitalized Lease
    Obligation shall be deemed to accrue at an interest rate
    reasonably determined by such Person to be the rate of interest
    implicit in such Capitalized Lease Obligation in accordance with
    GAAP.
"
Consolidated Net Income
" means, with respect
    to any Person for any period, the aggregate of the Net Income,
    of such Person and its Restricted Subsidiaries for such period,
    on a consolidated basis, and otherwise determined in accordance
    with GAAP;
provided
,
however
, that, without
    duplication,
(1) any after-tax effect of extraordinary, non-recurring or
    unusual gains or losses (less all fees and expenses relating
    thereto) or expenses (including relating to the Transaction to
    the extent incurred on or prior to June 30, 2006),
    severance, relocation costs and curtailments or modifications to
    pension and post-retirement employee benefit plans shall be
    excluded,
(2) the Net Income for such period shall not include the
    cumulative effect of a change in accounting principles during
    such period,
(3) any after-tax effect of income (loss) from disposed or
    discontinued operations and any net after-tax gains or losses on
    disposal of disposed, abandoned or discontinued operations shall
    be excluded,
(4) any after-tax effect of gains or losses (less all fees
    and expenses relating thereto) attributable to asset
    dispositions other than in the ordinary course of business, as
    determined in good faith by the Issuer, shall be excluded,
(5) the Net Income for such period of any Person that is
    not a Subsidiary, or is an Unrestricted Subsidiary, or that is
    accounted for by the equity method of accounting, shall be
    excluded;
provided
that Consolidated Net Income of the
    Issuer shall be increased by the amount of dividends or
    distributions or other payments that are actually paid in cash
    (or to the extent converted into cash) to the referent Person or
    a Restricted Subsidiary thereof in respect of such period,
(6) solely for the purpose of determining the amount
    available for Restricted Payments under clause (3)(a) of the
    first paragraph of "Certain Covenants —
    Limitation on Restricted Payments," the Net Income for such
    period of any Restricted Subsidiary (other than any Guarantor)
    shall be excluded if the declaration or payment of dividends or
    similar distributions by that Restricted Subsidiary of its Net
    Income is not at the date of determination wholly permitted
    without any prior governmental approval (which has not been
    obtained) or, directly or indirectly, by the operation of the
    terms of its charter or any agreement, instrument, judgment,
    decree, order, statute, rule, or governmental regulation
    applicable to that Restricted Subsidiary or its stockholders,
    unless such restriction with respect to the payment of dividends
    or similar distributions has been legally waived,
provided
that Consolidated Net Income of the Issuer will be increased
    by the amount of dividends or other distributions or other
    payments actually paid in cash (or to the extent converted into
    cash) to the Issuer or a Restricted Subsidiary thereof in
    respect of such period, to the extent not already included
    therein,
(7) effects of adjustments (including the effects of such
    adjustments pushed down to the Issuer and its Restricted
    Subsidiaries) in the property and equipment, software and other
    intangible assets, deferred revenue and debt line items in such
    Person's consolidated financial statements pursuant to GAAP
    resulting from the application of purchase accounting in
    relation to the Transaction or any consummated acquisition or
    the amortization or write-off of any amounts thereof, net of
    taxes, shall be excluded,
(8) any after-tax effect of income (loss) from the early
    extinguishment of Indebtedness or Hedging Obligations or other
    derivative instruments shall be excluded,
(9) any impairment charge or asset write-off, in each case,
    pursuant to GAAP and the amortization of intangibles arising
    pursuant to GAAP shall be excluded,
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(10) any non-cash compensation expense recorded from grants
    of stock appreciation or similar rights, stock options,
    restricted stock or other rights shall be excluded,
(11) any fees and expenses incurred during such period, or
    any amortization thereof for such period, in connection with any
    acquisition, Investment, Asset Sale, issuance or repayment of
    Indebtedness, issuance of Equity Interests, refinancing
    transaction or amendment or modification of any debt instrument
    (in each case, including any such transaction consummated prior
    to the Issue Date and any such transaction undertaken but not
    completed) and any charges or non-recurring merger costs
    incurred during such period as a result of any such transaction
    shall be excluded, and
(12) accruals and reserves that are established within
    twelve months after the Issue Date that are so required to be
    established as a result of the Transaction in accordance with
    GAAP shall be excluded.
Notwithstanding the foregoing, for the purpose of the covenant
    described under "Certain Covenants — Limitation
    on Restricted Payments" only (other than clause (3)(d)
    thereof), there shall be excluded from Consolidated Net Income
    any income arising from any sale or other disposition of
    Restricted Investments made by the Issuer and its Restricted
    Subsidiaries, any repurchases and redemptions of Restricted
    Investments from the Issuer and its Restricted Subsidiaries, any
    repayments of loans and advances which constitute Restricted
    Investments by the Issuer or any of its Restricted Subsidiaries,
    any sale of the stock of an Unrestricted Subsidiary or any
    distribution or dividend from an Unrestricted Subsidiary, in
    each case only to the extent such amounts increase the amount of
    Restricted Payments permitted under such covenant pursuant to
    clause (3)(d) thereof.
"
Consolidated Secured Debt Ratio
" as of any
    date of determination means, the ratio of (1) Consolidated
    Total Indebtedness of the Issuer and its Restricted Subsidiaries
    that is secured by Liens as of the end of the most recent fiscal
    period for which internal financial statements are available
    immediately preceding the date on which such event for which
    such calculation is being made shall occur to (2) the
    Issuer's EBITDA for the most recently ended four full
    fiscal quarters for which internal financial statements are
    available immediately preceding the date on which such event for
    which such calculation is being made shall occur, in each case
    with such
pro forma
adjustments to Consolidated Total
    Indebtedness and EBITDA as are appropriate and consistent with
    the
pro forma
adjustment provisions set forth in the
    definition of Fixed Charge Coverage Ratio.
"
Consolidated Total Indebtedness
" means, as at
    any date of determination, an amount equal to the sum of
    (1) the aggregate amount of all outstanding Indebtedness of
    the Issuer and its Restricted Subsidiaries on a consolidated
    basis consisting of Indebtedness for borrowed money, Obligations
    in respect of Capitalized Lease Obligations and debt obligations
    evidenced by promissory notes and similar instruments (and
    excluding, for the avoidance of doubt, all obligations relating
    to Receivables Facilities) and (2) the aggregate amount of
    all outstanding Disqualified Stock of the Issuer and all
    Preferred Stock of its Restricted Subsidiaries on a consolidated
    basis, with the amount of such Disqualified Stock and Preferred
    Stock equal to the greater of their respective voluntary or
    involuntary liquidation preferences and maximum fixed repurchase
    prices, in each case determined on a consolidated basis in
    accordance with GAAP. For purposes hereof, the "maximum
    fixed repurchase price" of any Disqualified Stock or
    Preferred Stock that does not have a fixed repurchase price
    shall be calculated in accordance with the terms of such
    Disqualified Stock or Preferred Stock as if such Disqualified
    Stock or Preferred Stock were purchased on any date on which
    Consolidated Total Indebtedness shall be required to be
    determined pursuant to the Indenture, and if such price is based
    upon, or measured by, the fair market value of such Disqualified
    Stock or Preferred Stock, such fair market value shall be
    determined reasonably and in good faith by the Issuer.
"
Contingent Obligations
" means, with respect to
    any Person, any obligation of such Person guaranteeing any
    leases, dividends or other obligations that do not constitute
    Indebtedness ("
primary obligations
") of any
    other Person (the "
primary obligor
") in any
    manner, whether directly or indirectly, including, without
    limitation, any obligation of such Person, whether or not
    contingent,
(1) to purchase any such primary obligation or any property
    constituting direct or indirect security therefor,
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(2) to advance or supply funds
(a) for the purchase or payment of any such primary
    obligation, or
(b) to maintain working capital or equity capital of the
    primary obligor or otherwise to maintain the net worth or
    solvency of the primary obligor, or
(3) to purchase property, securities or services primarily
    for the purpose of assuring the owner of any such primary
    obligation of the ability of the primary obligor to make payment
    of such primary obligation against loss in respect thereof.
"
Credit Facilities
" means, with respect to the
    Issuer or any of its Restricted Subsidiaries, one or more debt
    facilities, including the Senior Credit Facilities, or other
    financing arrangements (including, without limitation,
    commercial paper facilities or indentures) providing for
    revolving credit loans, term loans, letters of credit or other
    long-term indebtedness, including any notes, mortgages,
    guarantees, collateral documents, instruments and agreements
    executed in connection therewith, and any amendments,
    supplements, modifications, extensions, renewals, restatements
    or refundings thereof and any indentures or credit facilities or
    commercial paper facilities that replace, refund or refinance
    any part of the loans, notes, other credit facilities or
    commitments thereunder, including any such replacement,
    refunding or refinancing facility or indenture that increases
    the amount permitted to be borrowed thereunder or alters the
    maturity thereof (
provided
that such increase in
    borrowings is permitted under "Certain
    Covenants — Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock") or
    adds Restricted Subsidiaries as additional borrowers or
    guarantors thereunder and whether by the same or any other
    agent, lender or group of lenders.
"
Default
" means any event that is, or with the
    passage of time or the giving of notice or both would be, an
    Event of Default.
"
Designated Non-cash Consideration
" means the
    fair market value of non-cash consideration received by the
    Issuer or a Restricted Subsidiary in connection with an Asset
    Sale that is so designated as Designated Non-cash Consideration
    pursuant to an Officer's Certificate, setting forth the
    basis of such valuation, executed by the principal financial
    officer of the Issuer, less the amount of cash or Cash
    Equivalents received in connection with a subsequent sale of or
    collection on such Designated Non-cash Consideration.
"
Designated Preferred Stock
" means Preferred
    Stock of the Issuer or any parent corporation thereof (in each
    case other than Disqualified Stock) that is issued for cash
    (other than to a Restricted Subsidiary or an employee stock
    ownership plan or trust established by the Issuer or any of its
    Subsidiaries) and is so designated as Designated Preferred
    Stock, pursuant to an Officer's Certificate executed by the
    principal financial officer of the Issuer or the applicable
    parent corporation thereof, as the case may be, on the issuance
    date thereof, the cash proceeds of which are excluded from the
    calculation set forth in clause (3) of the first paragraph
    of the "Certain Covenants — Limitation on
    Restricted Payments" covenant.
"
Disqualified Stock
" means, with respect to any
    Person, any Capital Stock of such Person which, by its terms, or
    by the terms of any security into which it is convertible or for
    which it is putable or exchangeable, or upon the happening of
    any event, matures or is mandatorily redeemable (other than
    solely as a result of a change of control or asset sale)
    pursuant to a sinking fund obligation or otherwise, or is
    redeemable at the option of the holder thereof (other than
    solely as a result of a change of control or asset sale), in
    whole or in part, in each case prior to the date 91 days
    after the earlier of the maturity date of the Senior Notes or
    the date the Senior Notes are no longer outstanding;
provided
,
however
, that if such Capital Stock is
    issued to any plan for the benefit of employees of the Issuer or
    its Subsidiaries or by any such plan to such employees, such
    Capital Stock shall not constitute Disqualified Stock solely
    because it may be required to be repurchased by the Issuer or
    its Subsidiaries in order to satisfy applicable statutory or
    regulatory obligations.
"
EBITDA
" means, with respect to any Person for
    any period, the Consolidated Net Income of such Person for such
    period
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(1) increased (without duplication) by:
(a) provision for taxes based on income or profits or
    capital, including, without limitation, state, franchise and
    similar taxes (such as the Pennsylvania capital tax) and foreign
    withholding taxes of such Person paid or accrued during such
    period deducted (and not added back) in computing Consolidated
    Net Income;
plus
(b) Fixed Charges of such Person for such period (including
    (x) net losses or Hedging Obligations or other derivative
    instruments entered into for the purpose of hedging interest
    rate risk and (y) costs of surety bonds in connection with
    financing activities, in each case, to the extent included in
    Fixed Charges) to the extent the same was deducted (and not
    added back) in calculating such Consolidated Net Income;
plus
(c) Consolidated Depreciation and Amortization Expense of
    such Person for such period to the extent the same were deducted
    (and not added back) in computing Consolidated Net Income;
plus
(d) any expenses or charges (other than depreciation or
    amortization expense) related to any Equity Offering, Permitted
    Investment, acquisition, disposition, recapitalization or the
    incurrence of Indebtedness permitted to be incurred by the
    Indenture (including a refinancing thereof) (whether or not
    successful), including (i) such fees, expenses or charges
    related to the offering of the Senior Notes and the Credit
    Facilities and (ii) any amendment or other modification of
    the Senior Notes, and, in each case, deducted (and not added
    back) in computing Consolidated Net Income;
plus
(e) the amount of any restructuring charge or reserve
    deducted (and not added back) in such period in computing
    Consolidated Net Income, including any one-time costs incurred
    in connection with acquisitions after the Issue Date and costs
    related to the closure
and/or
consolidation of facilities;
plus
(f) any other non-cash charges, including any write offs or
    write downs, reducing Consolidated Net Income for such period
    (
provided
that if any such non-cash charges represent an
    accrual or reserve for potential cash items in any future
    period, the cash payment in respect thereof in such future
    period shall be subtracted from EBITDA to such extent, and
    excluding amortization of a prepaid cash item that was paid in a
    prior period);
plus
(g) the amount of any minority interest expense consisting
    of Subsidiary income attributable to minority equity interests
    of third parties in any non-Wholly Owned Subsidiary deducted
    (and not added back) in such period in calculating Consolidated
    Net Income;
plus
(h) the amount of management, monitoring, consulting and
    advisory fees and related expenses paid in such period to the
    Investors to the extent otherwise permitted under "Certain
    Covenants — Transactions with Affiliates";
plus
(i) the amount of net cost savings projected by the Issuer
    in good faith to be realized as a result of specified actions
    taken during such period (calculated on a
pro forma
basis
    as though such cost savings had been realized on the first day
    of such period), net of the amount of actual benefits realized
    during such period from such actions;
provided
that
    (x) such cost savings are reasonably identifiable and
    factually supportable, (y) such actions are taken within
    36 months after the Issue Date and (z) the aggregate
    amount of cost savings added pursuant to this clause (i)
    shall not exceed $100 million for any four consecutive
    quarter period (which adjustments may be incremental to
pro
    forma
adjustments made pursuant to the second paragraph of
    the definition of "Fixed Charge Coverage Ratio");
plus
(j) the amount of loss on sale of receivables and related
    assets to the Receivables Subsidiary in connection with a
    Receivables Facility;
plus
(k) any costs or expense incurred by the Issuer or a
    Restricted Subsidiary pursuant to any management equity plan or
    stock option plan or any other management or employee benefit
    plan or agreement or any stock subscription or shareholder
    agreement, to the extent that such cost or
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expenses are funded with cash proceeds contributed to the
    capital of the Issuer or net cash proceeds of an issuance of
    Equity Interest of the Issuer (other than Disqualified Stock)
    solely to the extent that such net cash proceeds are excluded
    from the calculation set forth in clause (3) of the first
    paragraph under "Certain Covenants — Limitation
    on Restricted Payments";
(2) decreased by (without duplication) non-cash gains
    increasing Consolidated Net Income of such Person for such
    period, excluding any non-cash gains to the extent they
    represent the reversal of an accrual or reserve for a potential
    cash item that reduced EBITDA in any prior period, and
(3) increased or decreased by (without duplication):
(a) any net gain or loss resulting in such period from
    Hedging Obligations and the application of Statement of
    Financial Accounting Standards No. 133;
plus
or
minus
, as applicable,
(b) any net gain or loss resulting in such period from
    currency translation gains or losses related to currency
    remeasurements of Indebtedness (including any net loss or gain
    resulting from hedge agreements for currency exchange risk).
"
EMU
" means economic and monetary union as
    contemplated in the Treaty on European Union.
"
Equity Interests
" means Capital Stock and all
    warrants, options or other rights to acquire Capital Stock, but
    excluding any debt security that is convertible into, or
    exchangeable for, Capital Stock.
"
Equity Offering
" means any public or private
    sale of common stock or Preferred Stock of the Issuer or any of
    its direct or indirect parent companies (excluding Disqualified
    Stock), other than:
(1) public offerings with respect to the Issuer's or
    any direct or indirect parent company's common stock
    registered on
Form S-8;
(2) issuances to any Subsidiary of the Issuer; and
(3) any such public or private sale that constitutes an
    Excluded Contribution.
"
euro
" means the single currency of
    participating member states of the EMU.
"
Exchange Act
" means the Securities Exchange
    Act of 1934, as amended, and the rules and regulations of the
    SEC promulgated thereunder.
"
Excluded Contribution
" means net cash
    proceeds, marketable securities or Qualified Proceeds received
    by the Issuer from
(1) contributions to its common equity capital, and
(2) the sale (other than to a Subsidiary of the Issuer or
    to any management equity plan or stock option plan or any other
    management or employee benefit plan or agreement of the Issuer)
    of Capital Stock (other than Disqualified Stock and Designated
    Preferred Stock) of the Issuer,
in each case designated as Excluded Contributions pursuant to an
    officer's certificate executed by the principal financial
    officer of the Issuer on the date such capital contributions are
    made or the date such Equity Interests are sold, as the case may
    be, which are excluded from the calculation set forth in
    clause (3) of the first paragraph under "Certain
    Covenants — Limitation on Restricted Payments."
"
Fixed Charge Coverage Ratio
" means, with
    respect to any Person for any period, the ratio of EBITDA of
    such Person for such period to the Fixed Charges of such Person
    for such period. In the event that the Issuer or any Restricted
    Subsidiary incurs, assumes, guarantees, redeems, retires or
    extinguishes any Indebtedness (other than Indebtedness incurred
    under any revolving credit facility unless such Indebtedness has
    been permanently repaid and has not been replaced) or issues or
    redeems Disqualified Stock or Preferred Stock subsequent to the
    commencement of the period for which the Fixed Charge Coverage
    Ratio is being calculated but prior to or simultaneously with
    the event for which the calculation of the Fixed Charge Coverage
    Ratio is made (the "
Fixed Charge Coverage Ratio
    Calculation Date
"), then the Fixed Charge Coverage
    Ratio shall be calculated giving
pro forma
effect to such
    incurrence, assumption, guarantee, redemption, retirement or
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extinguishment of Indebtedness, or such issuance or redemption
    of Disqualified Stock or Preferred Stock, as if the same had
    occurred at the beginning of the applicable four-quarter period.
For purposes of making the computation referred to above,
    Investments, acquisitions, dispositions, mergers, consolidations
    and disposed operations (as determined in accordance with GAAP)
    that have been made by the Issuer or any of its Restricted
    Subsidiaries during the four-quarter reference period or
    subsequent to such reference period and on or prior to or
    simultaneously with the Fixed Charge Coverage Ratio Calculation
    Date shall be calculated on a
pro forma
basis assuming
    that all such Investments, acquisitions, dispositions, mergers,
    consolidations and disposed operations (and the change in any
    associated fixed charge obligations and the change in EBITDA
    resulting therefrom) had occurred on the first day of the
    four-quarter reference period. If since the beginning of such
    period any Person that subsequently became a Restricted
    Subsidiary or was merged with or into the Issuer or any of its
    Restricted Subsidiaries since the beginning of such period shall
    have made any Investment, acquisition, disposition, merger,
    consolidation or disposed operation that would have required
    adjustment pursuant to this definition, then the Fixed Charge
    Coverage Ratio shall be calculated giving
pro forma
effect thereto for such period as if such Investment,
    acquisition, disposition, merger, consolidation or disposed
    operation had occurred at the beginning of the applicable
    four-quarter period.
For purposes of this definition, whenever
pro forma
effect is to be given to a transaction, the
pro forma
calculations shall be made in good faith by a responsible
    financial or accounting officer of the Issuer. If any
    Indebtedness bears a floating rate of interest and is being
    given
pro forma
effect, the interest on such Indebtedness
    shall be calculated as if the rate in effect on the Fixed Charge
    Coverage Ratio Calculation Date had been the applicable rate for
    the entire period (taking into account any Hedging Obligations
    applicable to such Indebtedness). Interest on a Capitalized
    Lease Obligation shall be deemed to accrue at an interest rate
    reasonably determined by a responsible financial or accounting
    officer of the Issuer to be the rate of interest implicit in
    such Capitalized Lease Obligation in accordance with GAAP. For
    purposes of making the computation referred to above, interest
    on any Indebtedness under a revolving credit facility computed
    on a
pro forma
basis shall be computed based upon the
    average daily balance of such Indebtedness during the applicable
    period except as set forth in the first paragraph of this
    definition. Interest on Indebtedness that may optionally be
    determined at an interest rate based upon a factor of a prime or
    similar rate, a eurocurrency interbank offered rate, or other
    rate, shall be deemed to have been based upon the rate actually
    chosen, or, if none, then based upon such optional rate chosen
    as the Issuer may designate.
"
Fixed Charges
" means, with respect to any
    Person for any period, the sum of:
(1) Consolidated Interest Expense of such Person for such
    period;
(2) all cash dividends or other distributions paid
    (excluding items eliminated in consolidation) on any series of
    Preferred Stock during such period; and
(3) all cash dividends or other distributions paid
    (excluding items eliminated in consolidation) on any series of
    Disqualified Stock during such period.
"
Foreign Subsidiary
" means, with respect to any
    Person, any Restricted Subsidiary of such Person that is not
    organized or existing under the laws of the United States, any
    state thereof, the District of Columbia, or any territory
    thereof and any Restricted Subsidiary of such Foreign Subsidiary.
"
GAAP
" means generally accepted accounting
    principles in the United States which are in effect on the Issue
    Date.
"
Government Securities
" means securities that
    are:
(1) direct obligations of the United States of America for
    the timely payment of which its full faith and credit is
    pledged; or
(2) obligations of a Person controlled or supervised by and
    acting as an agency or instrumentality of the United States of
    America the timely payment of which is unconditionally
    guaranteed as a full faith and credit obligation by the United
    States of America,
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which, in either case, are not callable or redeemable at the
    option of the issuers thereof, and shall also include a
    depository receipt issued by a bank (as defined in
    Section 3(a)(2) of the Securities Act), as custodian with
    respect to any such Government Securities or a specific payment
    of principal of or interest on any such Government Securities
    held by such custodian for the account of the holder of such
    depository receipt;
provided
that (except as required by
    law) such custodian is not authorized to make any deduction from
    the amount payable to the holder of such depository receipt from
    any amount received by the custodian in respect of the
    Government Securities or the specific payment of principal of or
    interest on the Government Securities evidenced by such
    depository receipt.
"
guarantee
" means a guarantee (other than by
    endorsement of negotiable instruments for collection in the
    ordinary course of business), direct or indirect, in any manner
    (including letters of credit and reimbursement agreements in
    respect thereof), of all or any part of any Indebtedness or
    other obligations.
"
Guarantee
" means the guarantee by any
    Guarantor of the Issuer's Obligations under the Indenture.
"
Guarantor
" means, each Restricted Subsidiary
    that Guarantees the Senior Notes in accordance with the terms of
    the Indenture.
"
Hedging Obligations
" means, with respect to
    any Person, the obligations of such Person under any interest
    rate swap agreement, interest rate cap agreement, interest rate
    collar agreement, commodity swap agreement, commodity cap
    agreement, commodity collar agreement, foreign exchange
    contract, currency swap agreement or similar agreement providing
    for the transfer or mitigation of interest rate or currency
    risks either generally or under specific contingencies.
"
Holder
" means the Person in whose name a
    Senior Note is registered on the registrar's books.
"
Indebtedness
" means, with respect to any
    Person, without duplication:
(1) any indebtedness (including principal and premium) of
    such Person, whether or not contingent:
(a) in respect of borrowed money;
(b) evidenced by bonds, notes, debentures or similar
    instruments or letters of credit or bankers' acceptances
    (or, without duplication, reimbursement agreements in respect
    thereof);
(c) representing the balance deferred and unpaid of the
    purchase price of any property (including Capitalized Lease
    Obligations), except (i) any such balance that constitutes
    a trade payable or similar obligation to a trade creditor, in
    each case accrued in the ordinary course of business and
    (ii) any earn-out obligations until such obligation becomes
    a liability on the balance sheet of such Person in accordance
    with GAAP; or
(d) representing any Hedging Obligations;
if and to the extent that any of the foregoing Indebtedness
    (other than letters of credit and Hedging Obligations) would
    appear as a liability upon a balance sheet (excluding the
    footnotes thereto) of such Person prepared in accordance with
    GAAP;
(2) to the extent not otherwise included, any obligation by
    such Person to be liable for, or to pay, as obligor, guarantor
    or otherwise, on the obligations of the type referred to in
    clause (1) of a third Person (whether or not such items
    would appear upon the balance sheet of the such obligor or
    guarantor), other than by endorsement of negotiable instruments
    for collection in the ordinary course of business; and
(3) to the extent not otherwise included, the obligations
    of the type referred to in clause (1) of a third Person
    secured by a Lien on any asset owned by such first Person,
    whether or not such Indebtedness is assumed by such first Person;
provided
,
however
, that notwithstanding the
    foregoing, Indebtedness shall be deemed not to include
    (a) Contingent Obligations incurred in the ordinary course
    of business or (b) obligations under or in respect of
    Receivables Facilities.
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"
Independent Financial Advisor
" means an
    accounting, appraisal, investment banking firm or consultant to
    Persons engaged in Similar Businesses of nationally recognized
    standing that is, in the good faith judgment of the Issuer,
    qualified to perform the task for which it has been engaged.
"
Initial Purchasers
" means Deutsche Bank
    Securities Inc., Citigroup Global Markets Inc., J.P. Morgan
    Securities Inc., Goldman, Sachs & Co., Morgan
    Stanley & Co. Incorporated, Banc of America Securities
    LLC, RBC Capital Markets Corporation and BNY Capital Markets,
    Inc.
"
Investment Grade Rating
" means a rating equal
    to or higher than Baa3 (or the equivalent) by Moody's and
    BBB- (or the equivalent) by S&P, or an equivalent rating by
    any other Rating Agency.
"Investment Grade Securities"
means:
(1) securities issued or directly and fully guaranteed or
    insured by the United States government or any agency or
    instrumentality thereof (other than Cash Equivalents);
(2) debt securities or debt instruments with an Investment
    Grade Rating, but excluding any debt securities or instruments
    constituting loans or advances among the Issuer and its
    Subsidiaries;
(3) investments in any fund that invests exclusively in
    investments of the type described in clauses (1) and
    (2) which fund may also hold immaterial amounts of cash
    pending investment or distribution; and
(4) corresponding instruments in countries other than the
    United States customarily utilized for high quality investments.
"
Investments
" means, with respect to any
    Person, all investments by such Person in other Persons
    (including Affiliates) in the form of loans (including
    guarantees), advances or capital contributions (excluding
    accounts receivable, trade credit, advances to customers,
    commission, travel and similar advances to officers and
    employees, in each case made in the ordinary course of
    business), purchases or other acquisitions for consideration of
    Indebtedness, Equity Interests or other securities issued by any
    other Person and investments that are required by GAAP to be
    classified on the balance sheet (excluding the footnotes) of the
    Issuer in the same manner as the other investments included in
    this definition to the extent such transactions involve the
    transfer of cash or other property. For purposes of the
    definition of "Unrestricted Subsidiary" and the
    covenant described under "Certain Covenants —
    Limitation on Restricted Payments":
(1) "Investments" shall include the portion
    (proportionate to the Issuer's equity interest in such
    Subsidiary) of the fair market value of the net assets of a
    Subsidiary of the Issuer at the time that such Subsidiary is
    designated an Unrestricted Subsidiary;
provided
,
however
, that upon a redesignation of such Subsidiary as
    a Restricted Subsidiary, the Issuer shall be deemed to continue
    to have a permanent "Investment" in an Unrestricted
    Subsidiary in an amount (if positive) equal to:
(a) the Issuer "Investment" in such Subsidiary at
    the time of such redesignation; less
(b) the portion (proportionate to the Issuer equity
    interest in such Subsidiary) of the fair market value of the net
    assets of such Subsidiary at the time of such
    redesignation; and
(2) any property transferred to or from an Unrestricted
    Subsidiary shall be valued at its fair market value at the time
    of such transfer, in each case as determined in good faith by
    the Issuer.
"
Investors
" means Silver Lake Partners, Bain
    Capital Partners, The Blackstone Group, Goldman Sachs Capital
    Partners, Kohlberg Kravis Roberts & Co. L.P.,
    Providence Equity Partners, Inc., Texas Pacific Group and each
    of their respective Affiliates but not including, however, any
    portfolio companies of any of the foregoing.
"
Issue Date
" means August 11, 2005.
"
Issuer
" has the meaning set forth in the first
    paragraph under "General";
provided
that when
    used in the context of determining the fair market value of an
    asset or liability under the Indenture, "Issuer" shall
    be
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deemed to mean the board of directors of the Issuer when the
    fair market value is equal to or in excess of $250 million
    (unless otherwise expressly stated).
"
Legal Holiday
" means a Saturday, a Sunday or a
    day on which commercial banking institutions are not required to
    be open in the State of New York.
"
Lien
" means, with respect to any asset, any
    mortgage, lien (statutory or otherwise), pledge, hypothecation,
    charge, security interest, preference, priority or encumbrance
    of any kind in respect of such asset, whether or not filed,
    recorded or otherwise perfected under applicable law, including
    any conditional sale or other title retention agreement, any
    lease in the nature thereof, any option or other agreement to
    sell or give a security interest in and any filing of or
    agreement to give any financing statement under the Uniform
    Commercial Code (or equivalent statutes) of any jurisdiction;
provided
that in no event shall an operating lease be
    deemed to constitute a Lien.
"
Moody's
" means Moody's Investors
    Service, Inc. and any successor to its rating agency business.
"
Net Income
" means, with respect to any Person,
    the net income (loss) of such Person, determined in accordance
    with GAAP and before any reduction in respect of Preferred Stock
    dividends.
"
Net Proceeds
" means the aggregate cash
    proceeds received by the Issuer or any of its Restricted
    Subsidiaries in respect of any Asset Sale, including any cash
    received upon the sale or other disposition of any Designated
    Non-cash Consideration received in any Asset Sale, net of the
    direct costs relating to such Asset Sale and the sale or
    disposition of such Designated Non-cash Consideration, including
    legal, accounting and investment banking fees, and brokerage and
    sales commissions, any relocation expenses incurred as a result
    thereof, taxes paid or payable as a result thereof (after taking
    into account any available tax credits or deductions and any tax
    sharing arrangements), amounts required to be applied to the
    repayment of principal, premium, if any, and interest on Senior
    Indebtedness required (other than required by clause (1) of
    the second paragraph of "Repurchase at the Option of
    Holders — Asset Sales") to be paid as a result of
    such transaction and any deduction of appropriate amounts to be
    provided by the Issuer or any of its Restricted Subsidiaries as
    a reserve in accordance with GAAP against any liabilities
    associated with the asset disposed of in such transaction and
    retained by the Issuer or any of its Restricted Subsidiaries
    after such sale or other disposition thereof, including pension
    and other post-employment benefit liabilities and liabilities
    related to environmental matters or against any indemnification
    obligations associated with such transaction.
"
Obligations
" means any principal, interest
    (including any interest accruing subsequent to the filing of a
    petition in bankruptcy, reorganization or similar proceeding at
    the rate provided for in the documentation with respect thereto,
    whether or not such interest is an allowed claim under
    applicable state, federal or foreign law), penalties, fees,
    indemnifications, reimbursements (including reimbursement
    obligations with respect to letters of credit and banker's
    acceptances), damages and other liabilities, and guarantees of
    payment of such principal, interest, penalties, fees,
    indemnifications, reimbursements, damages and other liabilities,
    payable under the documentation governing any Indebtedness.
"
Officer
" means the Chairman of the Board, the
    Chief Executive Officer, the President, any Executive Vice
    President, Senior Vice President or Vice President, the
    Treasurer or the Secretary of the Issuer.
"
Officer's Certificate
" means a
    certificate signed on behalf of the Issuer by an Officer of the
    Issuer, who must be the principal executive officer, the
    principal financial officer, the treasurer or the principal
    accounting officer of the Issuer, that meets the requirements
    set forth in the Indenture.
"
Opinion of Counsel
" means a written opinion
    from legal counsel who is acceptable to the Trustee. The counsel
    may be an employee of or counsel to the Issuer or the Trustee.
"
Permitted Asset Swap
" means the concurrent
    purchase and sale or exchange of Related Business Assets or a
    combination of Related Business Assets and cash or Cash
    Equivalents between the Issuer or any of its Restricted
    Subsidiaries and another Person;
provided
, that any cash
    or Cash Equivalents received must be applied in accordance with
    the "Repurchase at the Option of Holders — Asset
    Sales" covenant.
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"
Permitted Holders
" means each of the Investors
    and members of management of the Issuer (or its direct parent)
    who are holders of Equity Interests of the Issuer (or any of its
    direct or indirect parent companies) on the Issue Date and any
    group (within the meaning of Section 13(d)(3) or
    Section 14(d)(2) of the Exchange Act or any successor
    provision) of which any of the foregoing are members;
provided
, that, in the case of such group and without
    giving effect to the existence of such group or any other group,
    such Investors and members of management, collectively, have
    beneficial ownership of more than 50% of the total voting power
    of the Voting Stock of the Issuer or any of its direct or
    indirect parent companies.
"Permitted Investments"
means:
(1) any Investment in the Issuer or any of its Restricted
    Subsidiaries;
(2) any Investment in cash and Cash Equivalents or
    Investment Grade Securities;
(3) any Investment by the Issuer or any of its Restricted
    Subsidiaries in a Person that is engaged in a Similar Business
    if as a result of such Investment:
(a) such Person becomes a Restricted Subsidiary; or
(b) such Person, in one transaction or a series of related
    transactions, is merged or consolidated with or into, or
    transfers or conveys substantially all of its assets to, or is
    liquidated into, the Issuer or a Restricted Subsidiary,
and, in each case, any Investment held by such Person;
provided,
that such Investment was not acquired by such
    Person in contemplation of such acquisition, merger,
    consolidation or transfer;
(4) any Investment in securities or other assets not
    constituting cash, Cash Equivalents or Investment Grade
    Securities and received in connection with an Asset Sale made
    pursuant to the provisions of "Repurchase at the Option of
    Holders — Asset Sales" or any other disposition
    of assets not constituting an Asset Sale;
(5) any Investment existing on the Issue Date;
(6) any Investment acquired by the Issuer or any of its
    Restricted Subsidiaries:
(a) in exchange for any other Investment or accounts
    receivable held by the Issuer or any such Restricted Subsidiary
    in connection with or as a result of a bankruptcy, workout,
    reorganization or recapitalization of the issuer of such other
    Investment or accounts receivable; or
(b) as a result of a foreclosure by the Issuer or any of
    its Restricted Subsidiaries with respect to any secured
    Investment or other transfer of title with respect to any
    secured Investment in default;
(7) Hedging Obligations permitted under clause (10) of
    the covenant described in "Certain Covenants —
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock"
(8) any Investment in a Similar Business having an
    aggregate fair market value, taken together with all other
    Investments made pursuant to this clause (8) that are at
    that time outstanding, not to exceed 2.5% of Total Assets at the
    time of such Investment (with the fair market value of each
    Investment being measured at the time made and without giving
    effect to subsequent changes in value);
(9) Investments the payment for which consists of Equity
    Interests (exclusive of Disqualified Stock) of the Issuer, or
    any of its direct or indirect parent companies;
provided
,
however
, that such Equity Interests will not increase the
    amount available for Restricted Payments under clause (3)
    of the first paragraph under the covenant described in
    "Certain Covenants — Limitation on Restricted
    Payments";
(10) guarantees of Indebtedness permitted under the
    covenant described in "Certain Covenants —
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock";
(11) any transaction to the extent it constitutes an
    Investment that is permitted and made in accordance with the
    provisions of the second paragraph of the covenant described
    under "Certain
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Covenants — Transactions with Affiliates" (except
    transactions described in clauses (2), (5) and (9) of
    such paragraph);
(12) Investments consisting of purchases and acquisitions
    of inventory, supplies, material or equipment;
(13) additional Investments having an aggregate fair market
    value, taken together with all other Investments made pursuant
    to this clause (13) that are at that time outstanding
    (without giving effect to the sale of an Unrestricted Subsidiary
    to the extent the proceeds of such sale do not consist of cash
    or marketable securities), not to exceed 3.5% of Total Assets at
    the time of such Investment (with the fair market value of each
    Investment being measured at the time made and without giving
    effect to subsequent changes in value);
(14) Investments relating to a Receivables Subsidiary that,
    in the good faith determination of the Issuer are necessary or
    advisable to effect any Receivables Facility;
(15) advances to, or guarantees of Indebtedness of,
    employees not in excess of $15 million outstanding at any
    one time, in the aggregate; and
(16) loans and advances to officers, directors and
    employees for business-related travel expenses, moving expenses
    and other similar expenses, in each case incurred in the
    ordinary course of business or consistent with past practices or
    to fund such Person's purchase of Equity Interests of the
    Issuer or any direct or indirect parent company thereof.
"
Permitted Liens
" means, with respect to any
    Person:
(1) pledges or deposits by such Person under workmen's
    compensation laws, unemployment insurance laws or similar
    legislation, or good faith deposits in connection with bids,
    tenders, contracts (other than for the payment of Indebtedness)
    or leases to which such Person is a party, or deposits to secure
    public or statutory obligations of such Person or deposits of
    cash or U.S. government bonds to secure surety or appeal
    bonds to which such Person is a party, or deposits as security
    for contested taxes or import duties or for the payment of rent,
    in each case incurred in the ordinary course of business;
(2) Liens imposed by law, such as carriers',
    warehousemen's and mechanics' Liens, in each case for
    sums not yet overdue for a period of more than 30 days or
    being contested in good faith by appropriate proceedings or
    other Liens arising out of judgments or awards against such
    Person with respect to which such Person shall then be
    proceeding with an appeal or other proceedings for review if
    adequate reserves with respect thereto are maintained on the
    books of such Person in accordance with GAAP;
(3) Liens for taxes, assessments or other governmental
    charges not yet overdue for a period of more than 30 days
    or payable or subject to penalties for nonpayment or which are
    being contested in good faith by appropriate proceedings
    diligently conducted, if adequate reserves with respect thereto
    are maintained on the books of such Person in accordance with
    GAAP;
(4) Liens in favor of issuers of performance and surety
    bonds or bid bonds or with respect to other regulatory
    requirements or letters of credit issued pursuant to the request
    of and for the account of such Person in the ordinary course of
    its business;
(5) minor survey exceptions, minor encumbrances, easements
    or reservations of, or rights of others for, licenses,
rights-of-way,
sewers, electric lines, telegraph and telephone lines and other
    similar purposes, or zoning or other restrictions as to the use
    of real properties or Liens incidental, to the conduct of the
    business of such Person or to the ownership of its properties
    which were not incurred in connection with Indebtedness and
    which do not in the aggregate materially adversely affect the
    value of said properties or materially impair their use in the
    operation of the business of such Person;
(6) Liens securing Indebtedness permitted to be incurred
    pursuant to clause (4), (12)(b), (18) or (19) of the
    second paragraph under "Certain Covenants —
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock";
provided
that Liens securing Indebtedness permitted to be incurred
    pursuant to clause (18) extend only to the assets of
    Foreign Subsidiaries and Liens securing
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Indebtedness permitted to be incurred pursuant to
    clause (19) are solely on acquired property or the assets
    of the acquired entity, as the case may be;
(7) Liens existing on the Issue Date;
(8) Liens on property or shares of stock of a Person at the
    time such Person becomes a Subsidiary;
provided
,
however
, such Liens are not created or incurred in
    connection with, or in contemplation of, such other Person
    becoming such a Subsidiary;
provided
,
further
,
however
, that such Liens may not extend to any other
    property owned by the Issuer or any of its Restricted
    Subsidiaries;
(9) Liens on property at the time the Issuer or a
    Restricted Subsidiary acquired the property, including any
    acquisition by means of a merger or consolidation with or into
    the Issuer or any of its Restricted Subsidiaries;
provided
,
however
, that such Liens are not created
    or incurred in connection with, or in contemplation of, such
    acquisition;
provided
,
further
,
however
,
    that the Liens may not extend to any other property owned by the
    Issuer or any of its Restricted Subsidiaries;
(10) Liens securing Indebtedness or other obligations of a
    Restricted Subsidiary owing to the Issuer or another Restricted
    Subsidiary permitted to be incurred in accordance with the
    covenant described under "Certain Covenants —
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock";
(11) Liens securing Hedging Obligations so long as related
    Indebtedness is, and is permitted to be under the Indenture,
    secured by a Lien on the same property securing such Hedging
    Obligations;
(12) Liens on specific items of inventory of other goods
    and proceeds of any Person securing such Person's
    obligations in respect of bankers' acceptances issued or
    created for the account of such Person to facilitate the
    purchase, shipment or storage of such inventory or other goods;
(13) leases, subleases, licenses or sublicenses granted to
    others in the ordinary course of business which do not
    materially interfere with the ordinary conduct of the business
    of the Issuer or any of its Restricted Subsidiaries and do not
    secure any Indebtedness;
(14) Liens arising from Uniform Commercial Code financing
    statement filings regarding operating leases entered into by the
    Issuer and its Restricted Subsidiaries in the ordinary course of
    business;
(15) Liens in favor of the Issuer or any Guarantor;
(16) Liens on equipment of the Issuer or any of its
    Restricted Subsidiaries granted in the ordinary course of
    business to the Issuer's clients;
(17) Liens on accounts receivable and related assets
    incurred in connection with a Receivables Facility;
(18) Liens to secure any refinancing, refunding, extension,
    renewal or replacement (or successive refinancing, refunding,
    extensions, renewals or replacements) as a whole, or in part, of
    any Indebtedness secured by any Lien referred to in the
    foregoing clauses (6), (7), (8), (9) and (27);
provided
,
however
, that (a) such new Lien
    shall be limited to all or part of the same property that
    secured the original Lien (plus improvements on such property),
    and (b) the Indebtedness secured by such Lien at such time
    is not increased to any amount greater than the sum of
    (i) the outstanding principal amount or, if greater,
    committed amount of the Indebtedness described under clauses
    (6), (7), (8), (9) and (27) at the time the original
    Lien became a Permitted Lien under the Indenture, and
    (ii) an amount necessary to pay any fees and expenses,
    including premiums, related to such refinancing, refunding,
    extension, renewal or replacement;
(19) deposits made in the ordinary course of business to
    secure liability to insurance carriers;
(20) other Liens securing obligations incurred in the
    ordinary course of business which obligations do not exceed
    $50 million at any one time outstanding;
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(21) Liens securing judgments for the payment of money not
    constituting an Event of Default under clause (5) under the
    caption "Events of Default and Remedies" so long as
    such Liens are adequately bonded and any appropriate legal
    proceedings that may have been duly initiated for the review of
    such judgment have not been finally terminated or the period
    within which such proceedings may be initiated has not expired;
(22) Liens in favor of customs and revenue authorities
    arising as a matter of law to secure payment of customs duties
    in connection with the importation of goods in the ordinary
    course of business;
(23) Liens (i) of a collection bank arising under
    Section 4-210 of the Uniform Commercial Code on items in the
    course of collection, (ii) attaching to commodity trading
    accounts or other commodity brokerage accounts incurred in the
    ordinary course of business, and (iii) in favor of banking
    institutions arising as a matter of law encumbering deposits
    (including the right of set-off) and which are within the
    general parameters customary in the banking industry;
(24) Liens deemed to exist in connection with Investments
    in repurchase agreements permitted under "Certain
    Covenants — Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock";
provided
that such Liens do not extend to any assets
    other than those that are the subject of such repurchase
    agreement;
(25) Liens encumbering reasonable customary initial
    deposits and margin deposits and similar Liens attaching to
    commodity trading accounts or other brokerage accounts incurred
    in the ordinary course of business and not for speculative
    purposes;
(26) Liens that are contractual rights of set-off
    (i) relating to the establishment of depository relations
    with banks not given in connection with the issuance of
    Indebtedness, (ii) relating to pooled deposit or sweep
    accounts of the Issuer or any of its Restricted Subsidiaries to
    permit satisfaction of overdraft or similar obligations incurred
    in the ordinary course of business of the Issuer and its
    Restricted Subsidiaries or (iii) relating to purchase
    orders and other agreements entered into with customers of the
    Issuer or any of its Restricted Subsidiaries in the ordinary
    course of business; and
(27) Liens to secure the Senior Secured Notes.
For purposes of this definition, the term
    "Indebtedness" shall be deemed to include interest on
    such Indebtedness.
"
Person
" means any individual, corporation,
    limited liability company, partnership, joint venture,
    association, joint stock company, trust, unincorporated
    organization, government or any agency or political subdivision
    thereof or any other entity.
"
Preferred Stock
" means any Equity Interest
    with preferential rights of payment of dividends or upon
    liquidation, dissolution, or winding up.
"
Qualified Proceeds
" means assets that are used
    or useful in, or Capital Stock of any Person engaged in, a
    Similar Business;
provided
that the fair market value of
    any such assets or Capital Stock shall be determined by the
    Issuer in good faith.
"
Rating Agencies
" means Moody's and
    S&P or if Moody's or S&P or both shall not make a
    rating on the Senior Notes publicly available, a nationally
    recognized statistical rating agency or agencies, as the case
    may be, selected by the Issuer which shall be substituted for
    Moody's or S&P or both, as the case may be.
"
Receivables Facility
" means any of one or more
    receivables financing facilities as amended, supplemented,
    modified, extended, renewed, restated or refunded from time to
    time, the Obligations of which are non-recourse (except for
    customary representations, warranties, covenants and indemnities
    made in connection with such facilities) to the Issuer or any of
    its Restricted Subsidiaries (other than a Receivables
    Subsidiary) pursuant to which the Issuer or any of its
    Restricted Subsidiaries sells its accounts receivable to either
    (a) a Person that is not a Restricted Subsidiary or
    (b) a Receivables Subsidiary that in turn sells its
    accounts receivable to a Person that is not a Restricted
    Subsidiary.
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"
Receivables Fees
" means distributions or
    payments made directly or by means of discounts with respect to
    any accounts receivable or participation interest therein issued
    or sold in connection with, and other fees paid to a Person that
    is not a Restricted Subsidiary in connection with, any
    Receivables Facility.
"
Receivables Subsidiary
" means any Subsidiary
    formed for the purpose of, and that solely engages only in one
    or more Receivables Facilities and other activities reasonably
    related thereto.
"
Registration Rights Agreement
" means the
    Registration Rights Agreement related to the Senior Notes dated
    as of the Issue Date, among Solar Capital Corp., SunGard, the
    Guarantors and the Initial Purchasers.
"
Related Business Assets
" means assets (other
    than cash or Cash Equivalents) used or useful in a Similar
    Business,
provided
that any assets received by the Issuer
    or a Restricted Subsidiary in exchange for assets transferred by
    the Issuer or a Restricted Subsidiary shall not be deemed to be
    Related Business Assets if they consist of securities of a
    Person, unless upon receipt of the securities of such Person,
    such Person would become a Restricted Subsidiary.
"
Restricted Investment
" means an Investment
    other than a Permitted Investment.
"
Restricted Subsidiary
" means, at any time, any
    direct or indirect Subsidiary of the Issuer (including any
    Foreign Subsidiary) that is not then an Unrestricted Subsidiary;
provided
,
however
, that upon the occurrence of an
    Unrestricted Subsidiary ceasing to be an Unrestricted
    Subsidiary, such Subsidiary shall be included in the definition
    of "Restricted Subsidiary."
"
S&P
" means Standard &
    Poor's, a division of The McGraw-Hill Companies, Inc., and
    any successor to its rating agency business.
"
Sale and Lease-Back Transaction
" means any
    arrangement providing for the leasing by the Issuer or any of
    its Restricted Subsidiaries of any real or tangible personal
    property, which property has been or is to be sold or
    transferred by the Issuer or such Restricted Subsidiary to a
    third Person in contemplation of such leasing.
"
SEC
" means the U.S. Securities and
    Exchange Commission.
"
Secured Indebtedness
" means any Indebtedness
    of the Issuer or any of its Restricted Subsidiaries secured by a
    Lien.
"
Securities Act
" means the Securities Act of
    1933, as amended, and the rules and regulations of the SEC
    promulgated thereunder.
"
Senior Credit Facilities
" means the Credit
    Facility under the Credit Agreement entered into as of the Issue
    Date by and among SunGard Holdco LLC, the Issuer, the lenders
    party thereto in their capacities as lenders thereunder and
    JPMorgan Chase Bank, N.A., as Administrative Agent, including
    any guarantees, collateral documents, instruments and agreements
    executed in connection therewith, and any amendments,
    supplements, modifications, extensions, renewals, restatements,
    refundings or refinancings thereof and any indentures or credit
    facilities or commercial paper facilities with banks or other
    institutional lenders or investors that replace, refund or
    refinance any part of the loans, notes, other credit facilities
    or commitments thereunder, including any such replacement,
    refunding or refinancing facility or indenture that increases
    the amount borrowable thereunder or alters the maturity thereof
    (
provided
that such increase in borrowings is permitted
    under "Certain Covenants — Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock" above).
"Senior Indebtedness"
means:
(1) all Indebtedness of the Issuer or any Guarantor
    outstanding under the Senior Credit Facilities or Senior Notes
    and related Guarantees (including interest accruing on or after
    the filing of any petition in bankruptcy or similar proceeding
    or for reorganization of the Issuer or any Guarantor (at the
    rate provided for in the documentation with respect thereto,
    regardless of whether or not a claim for post-filing interest is
    allowed in such proceedings)), and any and all other fees,
    expense reimbursement obligations, indemnification amounts,
    penalties, and other amounts (whether existing on the Issue Date
    or thereafter
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created or incurred) and all obligations of the Issuer or any
    Guarantor to reimburse any bank or other Person in respect of
    amounts paid under letters of credit, acceptances or other
    similar instruments;
(2) all Hedging Obligations (and guarantees thereof) owing
    to a Lender (as defined in the Senior Credit Facilities) or any
    Affiliate of such Lender (or any Person that was a Lender or an
    Affiliate of such Lender at the time the applicable agreement
    giving rise to such Hedging Obligation was entered into),
provided
that such Hedging Obligations are permitted to
    be incurred under the terms of the Indenture;
(3) any other Indebtedness of the Issuer or any Guarantor
    permitted to be incurred under the terms of the Indenture,
    unless the instrument under which such Indebtedness is incurred
    expressly provides that it is on a parity with or subordinated
    in right of payment to the Senior Subordinated Notes or any
    related Guarantee; and
(4) all Obligations with respect to the items listed in the
    preceding clauses (1), (2) and (3);
provided
,
however
, that Senior Indebtedness shall
    not include:
(a) any obligation of such Person to the Issuer or any of
    its Subsidiaries;
(b) any liability for federal, state, local or other taxes
    owed or owing by such Person;
(c) any accounts payable or other liability to trade
    creditors arising in the ordinary course of business;
(d) any Indebtedness or other Obligation of such Person
    which is subordinate or junior in any respect to any other
    Indebtedness or other Obligation of such Person; or
(e) that portion of any Indebtedness which at the time of
    incurrence is incurred in violation of the Indenture.
"
Senior Secured Notes
" means the
    $250 million aggregate principal amount of
    3.75% senior notes due 2009 and $250 million aggregate
    principal amount of 4.875% senior notes due 2014, each of
    SunGard and outstanding on the Issue Date.
"
Senior Subordinated Notes
" means the
    $1,000,000,000 aggregate principal amount of the Issuer's
    10
1
/
4
% senior
    subordinated notes due 2015 issued on the Issue Date.
"
Significant Subsidiary
" means any Restricted
    Subsidiary that would be a "significant subsidiary" as
    defined in Article 1,
Rule 1-02
of
Regulation S-X,
promulgated pursuant to the Securities Act, as such regulation
    is in effect on the Issue Date.
"
Similar Business
" means any business conducted
    or proposed to be conducted by the Issuer and its Restricted
    Subsidiaries on the Issue Date or any business that is similar,
    reasonably related, incidental or ancillary thereto.
"
Sponsor Management Agreement
" means the
    management agreement between certain of the management companies
    associated with the Investors and SunGard.
"
Subordinated Indebtedness
" means, with respect
    to the Senior Notes,
(1) any Indebtedness of the Issuer which is by its terms
    subordinated in right of payment to the Senior Notes, and
(2) any Indebtedness of any Guarantor which is by its terms
    subordinated in right of payment to the Guarantee of such entity
    of the Senior Notes.
"
Subsidiary
" means, with respect to any Person:
(1) any corporation, association, or other business entity
    (other than a partnership, joint venture, limited liability
    company or similar entity) of which more than 50% of the total
    voting power of shares of Capital Stock entitled (without regard
    to the occurrence of any contingency) to vote in the election of
    directors, managers or trustees thereof is at the time of
    determination owned or controlled, directly or
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indirectly, by such Person or one or more of the other
    Subsidiaries of that Person or a combination thereof or is
    consolidated under GAAP with such Person at such time; and
(2) any partnership, joint venture, limited liability
    company or similar entity of which
(x) more than 50% of the capital accounts, distribution
    rights, total equity and voting interests or general or limited
    partnership interests, as applicable, are owned or controlled,
    directly or indirectly, by such Person or one or more of the
    other Subsidiaries of that Person or a combination thereof
    whether in the form of membership, general, special or limited
    partnership or otherwise, and
(y) such Person or any Restricted Subsidiary of such Person
    is a controlling general partner or otherwise controls such
    entity.
"
Total Assets
" means the total assets of the
    Issuer and its Restricted Subsidiaries on a consolidated basis,
    as shown on the most recent balance sheet of the Issuer or such
    other Person as may be expressly stated.
"
Transaction
" means the transactions
    contemplated by the Transaction Agreement, the issuance of the
    Senior Notes and the Senior Subordinated Notes, the granting of
    Liens on the Senior Secured Notes, fundings under any
    Receivables Facility and borrowings under the Senior Credit
    Facilities as in effect on the Issue Date.
"
Transaction Agreement
" means the Agreement and
    Plan of Merger, dated as of March 27, 2005 between Solar
    Capital Corp. and SunGard as the same may be amended prior to
    the Issue Date.
"
Treasury Rate
" means, as of any
    Redemption Date, the yield to maturity as of such
    Redemption Date of United States Treasury securities with a
    constant maturity (as compiled and published in the most recent
    Federal Reserve Statistical Release H.15 (519) that has
    become publicly available at least two Business Days prior to
    the Redemption Date (or, if such Statistical Release is no
    longer published, any publicly available source of similar
    market data)) most nearly equal to the period from the
    Redemption Date to August 15, 2009;
provided
,
however
, that if the period from the Redemption Date
    to August 15, 2009 is less than one year, the weekly
    average yield on actually traded United States Treasury
    securities adjusted to a constant maturity of one year will be
    used.
"
Trust Indenture Act
" means the
    Trust Indenture Act of 1939, as amended (15 U.S.C
§§ 77aaa-777bbbb).
"Unrestricted Subsidiary"
means:
(1) any Subsidiary of the Issuer which at the time of
    determination is an Unrestricted Subsidiary (as designated by
    the Issuer, as provided below); and
(2) any Subsidiary of an Unrestricted Subsidiary.
The Issuer may designate any Subsidiary of the Issuer (including
    any existing Subsidiary and any newly acquired or newly formed
    Subsidiary) to be an Unrestricted Subsidiary unless such
    Subsidiary or any of its Subsidiaries owns any Equity Interests
    or Indebtedness of, or owns or holds any Lien on, any property
    of, the Issuer or any Subsidiary of the Issuer (other than
    solely any Subsidiary of the Subsidiary to be so designated);
provided
that
(1) any Unrestricted Subsidiary must be an entity of which
    the Equity Interests entitled to cast at least a majority of the
    votes that may be cast by all Equity Interests having ordinary
    voting power for the election of directors or Persons performing
    a similar function are owned, directly or indirectly, by the
    Issuer;
(2) such designation complies with the covenants described
    under "Certain Covenants — Limitation on
    Restricted Payments"; and (3) each of:
(a) the Subsidiary to be so designated; and
(b) its Subsidiaries
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has not at the time of designation, and does not thereafter,
    create, incur, issue, assume, guarantee or otherwise become
    directly or indirectly liable with respect to any Indebtedness
    pursuant to which the lender has recourse to any of the assets
    of the Issuer or any Restricted Subsidiary.
The Issuer may designate any Unrestricted Subsidiary to be a
    Restricted Subsidiary;
provided
that, immediately after
    giving effect to such designation, no Default shall have
    occurred and be continuing and either:
(1) the Issuer could incur at least $1.00 of additional
    Indebtedness pursuant to the Fixed Charge Coverage Ratio test
    described in the first paragraph under "Certain
    Covenants — Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock"; or
(2) the Fixed Charge Coverage Ratio for the Issuer its
    Restricted Subsidiaries would be greater than such ratio for the
    Issuer and its Restricted Subsidiaries immediately prior to such
    designation,
in each case on a
pro forma
basis taking into account
    such designation.
Any such designation by the Issuer shall be notified by the
    Issuer to the Trustee by promptly filing with the Trustee a copy
    of the resolution of the board of directors of the Issuer or any
    committee thereof giving effect to such designation and an
    Officer's Certificate certifying that such designation
    complied with the foregoing provisions.
"
Voting Stock
" of any Person as of any date
    means the Capital Stock of such Person that is at the time
    entitled to vote in the election of the board of directors of
    such Person.
"
Weighted Average Life to Maturity
" means, when
    applied to any Indebtedness, Disqualified Stock or Preferred
    Stock, as the case may be, at any date, the quotient obtained by
    dividing:
(1) the sum of the products of the number of years from the
    date of determination to the date of each successive scheduled
    principal payment of such Indebtedness or redemption or similar
    payment with respect to such Disqualified Stock or Preferred
    Stock multiplied by the amount of such payment; by
(2) the sum of all such payments.
"
Wholly-Owned Subsidiary
" of any Person means a
    Subsidiary of such Person, 100% of the outstanding Equity
    Interests of which (other than directors' qualifying
    shares) shall at the time be owned by such Person or by one or
    more Wholly-Owned Subsidiaries of such Person.
DESCRIPTION
    OF SENIOR NOTES DUE 2015
General
Certain terms used in this description are defined under the
    subheading "Certain Definitions." In this description,
    (i) the terms "
we
," "
our
"
    and "
us
" each refer to SunGard Data Systems
    Inc. ("
SunGard
") and its consolidated
    Subsidiaries and (ii) the term "
Issuer
"
    refers only to SunGard and not any of its Subsidiaries.
The Issuer expects to issue up to $500,000,000 aggregate
    principal amount of 10.625% senior notes due 2015 (the
    "
Senior Notes
") under an indenture dated as of
    September 29, 2008 (the "
Indenture
") among
    the Issuer, the Guarantors and The Bank of New York Mellon, as
    trustee (the "
Trustee
") in exchange for up to
    $500,000,000 aggregate principal amount of the currently
    outstanding 10.625% senior notes due 2015 issued on
    September 29, 2008. The currently outstanding
    10.625% senior notes due 2015 were issued in a private
    transaction that was not subject to the registration
    requirements of the Securities Act. Except as set forth herein,
    the terms of the Senior Notes will be substantially identical
    and include those stated in the Indenture and those made part of
    the Indenture by reference to the Trust Indenture Act.
The following description is only a summary of the material
    provisions of the Indenture and does not purport to be complete
    and is qualified in its entirety by reference to the provisions
    of that agreement, including the definitions therein of certain
    terms used below. We urge you to read the Indenture because it,
    not
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this description, define your rights as Holders of the Senior
    Notes. You may request copies of the Indenture or the escrow
    agreement at our address set forth under the heading
    "Offering Circular Summary."
Brief
    Description of Senior Notes
The Senior Notes:
•
will be unsecured senior obligations of the Issuer;
•
will be
pari passu
in right of payment with all existing
    and future Senior Indebtedness (including the Senior Credit
    Facilities and Existing Senior Notes) of the Issuer;
•
will be effectively subordinated to all secured Indebtedness of
    the Issuer (including the Senior Credit Facilities and the
    Existing Senior Secured Notes);
•
will be senior in right of payment to any future Subordinated
    Indebtedness (as defined with respect to the Senior Notes)
    (including the Existing Senior Subordinated Notes) of the Issuer;
•
will be initially guaranteed on a senior unsecured basis by each
    Restricted Subsidiary that guarantees the Senior Credit
    Facilities;
•
will be deposited in the escrow account until we consummate the
    acquisition of the GL Trade Block if, on the closing date of
    this offering, we do not expect the closing of the acquisition
    of the GL Trade Block to occur within two business days of the
    closing of this offering; and
•
will be subject to registration with the SEC pursuant to the
    Registration Rights Agreement.
Guarantees
The Guarantors, as primary obligors and not merely as sureties,
    will initially jointly and severally irrevocably and
    unconditionally guarantee, on an unsecured senior basis, the
    performance and full and punctual payment when due, whether at
    maturity, by acceleration or otherwise, of all obligations of
    the Issuer under the Indenture and the Senior Notes, whether for
    payment of principal of or interest on or Additional Interest in
    respect of the Senior Notes, expenses, indemnification or
    otherwise, on the terms set forth in the Indenture by executing
    the Indenture.
The Restricted Subsidiaries (other than as detailed below) will
    initially guarantee the Senior Notes. Each of the Guarantees of
    the Senior Notes will be a general unsecured senior obligation
    of each Guarantor and will be
pari passu
in right of
    payment with all existing and future Senior Indebtedness of each
    such entity, will be effectively subordinated to all secured
    Indebtedness of each such entity and will be senior in right of
    payment to all existing and future Subordinated Indebtedness
    (including the Existing Senior Subordinated Notes) of each such
    entity. The Senior Notes will be structurally subordinated to
    Indebtedness of Subsidiaries of the Issuer that do not Guarantee
    the Senior Notes.
Not all of the Issuer's Subsidiaries will Guarantee the
    Senior Notes. In the event of a bankruptcy, liquidation or
    reorganization of any of these non-guarantor Subsidiaries, the
    non-guarantor Subsidiaries will pay the holders of their debt
    and their trade creditors before they will be able to distribute
    any of their assets to the Issuer. None of our Foreign
    Subsidiaries, broker-dealer subsidiaries, non-Wholly Owned
    Subsidiaries (subject to certain limited exceptions) or any
    Receivables Subsidiary will guarantee the Senior Notes. As of
    December 31, 2009, the non-guarantor Subsidiaries generated
    40% and 20% of our total revenue and EBITDA, respectively. In
    addition, as of December 31, 2009, the non-guarantor
    Subsidiaries held 29% of our consolidated assets.
The obligations of each Guarantor under its Guarantees will be
    limited as necessary to prevent the Guarantees from constituting
    a fraudulent conveyance under applicable law.
Any entity that makes a payment under its Guarantee will be
    entitled upon payment in full of all guaranteed obligations
    under the Indenture to a contribution from each other Guarantor
    in an amount equal to
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such other Guarantor's pro rata portion of such payment
    based on the respective net assets of all the Guarantors at the
    time of such payment determined in accordance with GAAP.
If a Guarantee was rendered voidable, it could be subordinated
    by a court to all other indebtedness (including guarantees and
    other contingent liabilities) of the Guarantor, and, depending
    on the amount of such indebtedness, a Guarantor's liability
    on its Guarantee could be reduced to zero. See "Risk
    Factors — Risks Related to the Notes —
    Federal and state fraudulent transfer laws may permit a court to
    void the guarantees, and, if that occurs, you may not receive
    any payment on the notes."
A Guarantee by a Guarantor shall provide by its terms that it
    shall be automatically and unconditionally released and
    discharged upon:
(1)(a) any sale, exchange or transfer (by merger or otherwise)
    of the Capital Stock of such Guarantor (including any sale,
    exchange or transfer), after which the applicable Guarantor is
    no longer a Restricted Subsidiary or all or substantially all
    the assets of such Guarantor which sale, exchange or transfer is
    made in compliance with the applicable provisions of the
    Indenture;
(b) the release or discharge of the guarantee by such
    Guarantor of the Senior Credit Facilities or the guarantee which
    resulted in the creation of such Guarantee, except a discharge
    or release by or as a result of payment under such guarantee;
(c) the proper designation of any Restricted Subsidiary
    that is a Guarantor as an Unrestricted Subsidiary; or
(d) the Issuer exercising its legal defeasance option or
    covenant defeasance option as described under "Legal
    Defeasance and Covenant Defeasance" or the Issuer's
    obligations under the Indenture being discharged in accordance
    with the terms of the Indenture; and
(2) such Guarantor delivering to the Trustee an
    Officer's Certificate and an Opinion of Counsel, each
    stating that all conditions precedent provided for in the
    Indenture relating to such transaction have been complied with.
Ranking
Senior
    Secured Indebtedness Versus the Senior Notes
The payment of the principal of, premium, if any, and interest
    on the Senior Notes and the payment of any Guarantee will rank
pari passu
in right of payment to all Senior Indebtedness
    of the Issuer or the relevant Guarantor, as the case may be,
    including the obligations of the Issuer and such Guarantor under
    the Senior Credit Facilities and the Existing Senior Notes.
The Senior Notes will be effectively subordinated in right of
    payment to all of the Issuer's and the Guarantors'
    existing and future secured Indebtedness to the extent of the
    value of the assets securing such Indebtedness. As of
    December 31, 2009, SunGard had $4,967 million of
    secured Indebtedness, consisting entirely of secured
    Indebtedness under the Senior Credit Facilities and the Existing
    Senior Secured Notes (which have a face amount of
    $250 million, but are recorded at $234 million). As of
    December 31, 2009, $250 million was outstanding under
    our Receivables Facility.
Although the Indenture will contain limitations on the amount of
    additional Indebtedness that the Issuer and the Guarantors may
    incur, under certain circumstances the amount of such
    Indebtedness could be substantial and, in any case, such
    Indebtedness may be Senior Indebtedness. See "Certain
    Covenants — Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock."
Paying
    Agent and Registrar for the Senior Notes
The Issuer will maintain one or more paying agents for the
    Senior Notes in the Borough of Manhattan, City of New York. The
    initial paying agent for the Senior Notes will be the Trustee.
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The Issuer will also maintain a registrar with offices in the
    Borough of Manhattan, City of New York. The initial registrar
    will be the Trustee. The registrar will maintain a register
    reflecting ownership of the Senior Notes outstanding from time
    to time and will make payments on and facilitate transfer of
    Senior Notes on behalf of the Issuer.
The Issuer may change the paying agents or the registrars
    without prior notice to the Holders. The Issuer or any of its
    Subsidiaries may act as a paying agent or registrar.
Transfer
    and Exchange
A Holder may transfer or exchange Senior Notes in accordance
    with the Indenture. The registrar and the Trustee may require a
    Holder to furnish appropriate endorsements and transfer
    documents in connection with a transfer of Senior Notes. Holders
    will be required to pay all taxes due on transfer. The Issuer is
    not required to transfer or exchange any Senior Note selected
    for redemption. Also, the Issuer is not required to transfer or
    exchange any Senior Note for a period of 15 days before a
    selection of Senior Notes to be redeemed.
Principal,
    Maturity and Interest
The Issuer will issue $500,000,000 of Senior Notes in this
    offering. The Senior Notes will mature on May 15, 2015.
    Subject to compliance with the covenant described below under
    the caption "Certain Covenants — Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock," the Issuer may issue additional
    Senior Notes from time to time after this offering under the
    Indenture ("
Additional Senior Notes
"). The
    Senior Notes offered by the Issuer and any Additional Senior
    Notes subsequently issued under the Indenture will be treated as
    a single class for all purposes under the Indenture, including
    waivers, amendments, redemptions and offers to purchase. Unless
    the context requires otherwise, references to "Senior
    Notes" for all purposes of the Indenture and this
    "Description of Notes" include any Additional Senior
    Notes that are actually issued.
Interest on the Senior Notes will accrue at the rate of 10.625%
per annum
and will be payable semi-annually in arrears on
    April 1 and October 1, commencing on April 1, 2009, to
    Holders of record on the immediately preceding March 15 and
    September 15. Interest on the Senior Notes will accrue from
    the most recent date to which interest has been paid or, if no
    interest has been paid, from and including the Issue Date.
    Interest on the Senior Notes will be computed on the basis of a
360-day
year
    comprised of twelve
30-day
months.
Additional
    Interest
Additional Interest may accrue on the Senior Notes in certain
    circumstances pursuant to the Registration Rights Agreement. All
    references in the Indenture and this "Description of
    Notes," in any context, to any interest or other amount
    payable on or with respect to the Senior Notes shall be deemed
    to include any Additional Interest pursuant to the Registration
    Rights Agreement. Principal of, premium, if any, and interest on
    the Senior Notes will be payable at the office or agency of the
    Issuer maintained for such purpose within the City and State of
    New York or, at the option of the Issuer, payment of interest
    may be made by check mailed to the Holders of the Senior Notes
    at their respective addresses set forth in the register of
    Holders;
provided
that all payments of principal,
    premium, if any, and interest with respect to the Senior Notes
    represented by one or more global notes registered in the name
    of or held by DTC or its nominee will be made by wire transfer
    of immediately available funds to the accounts specified by the
    Holder or Holders thereof. Until otherwise designated by the
    Issuer, the Issuer's office or agency in New York will be
    the office of the Trustee maintained for such purpose.
Mandatory
    Redemption; Offers to Purchase; Open Market Purchases
The Issuer is not required to make any mandatory redemption or
    sinking fund payments with respect to the Senior Notes. However,
    under certain circumstances, the Issuer may be required to offer
    to purchase Senior Notes as described under the caption
    "Repurchase at the Option of Holders." We may at any
    time and from time to time purchase Senior Notes in the open
    market or otherwise.
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Optional
    Redemption
Except as set forth below, the Issuer will not be entitled to
    redeem the Senior Notes at its option prior to April 1,
    2012.
At any time prior to April 1, 2012, the Issuer may redeem
    all or a part of the Senior Notes, upon not less than 30 nor
    more than 60 days' prior notice mailed by first-class
    mail to the registered address of each Holder of Senior Notes,
    at a redemption price equal to 100% of the principal amount of
    the Senior Notes redeemed plus the Applicable Premium as of, and
    accrued and unpaid interest and Additional Interest, if any, to
    the date of redemption (the
    "
Redemption Date
"), subject to the rights
    of Holders of Senior Notes on the relevant record date to
    receive interest due on the relevant interest payment date.
On and after April 1, 2012, the Issuer may redeem the
    Senior Notes, in whole or in part, upon notice as described
    under the heading "Repurchase at the Option of
    Holders — Selection and Notice," at the
    redemption prices (expressed as percentages of principal amount
    of the Senior Notes to be redeemed) set forth below, plus
    accrued and unpaid interest thereon and Additional Interest, if
    any, to the applicable Redemption Date, subject to the
    right of Holders of Senior Notes of record on the relevant
    record date to receive interest due on the relevant interest
    payment date, if redeemed during the twelve-month period
    beginning on April 1, of each of the years indicated below:
Year
Percentage
2012
105.313
%
2013
102.656
%
2014 and thereafter
100.000
%
In addition, until October 1, 2011, the Issuer may, at its
    option, on one or more occasions redeem up to 35% of the
    aggregate principal amount of Senior Notes at a redemption price
    equal to 110.625% of the aggregate principal amount thereof,
    plus accrued and unpaid interest thereon and Additional
    Interest, if any, to the applicable Redemption Date,
    subject to the right of Holders of Senior Notes of record on the
    relevant record date to receive interest due on the relevant
    interest payment date, with the net cash proceeds of one or more
    Equity Offerings;
provided
that at least 50% of the sum
    of the aggregate principal amount of Senior Notes originally
    issued under the Indenture and any Additional Senior Notes
    Senior issued under the Indenture after the Issue Date remains
    outstanding immediately after the occurrence of each such
    redemption;
provided further
that each such redemption
    occurs within 90 days of the date of closing of each such
    Equity Offering.
Notice of any redemption upon any Equity Offering may be given
    prior to the redemption thereof, and any such redemption or
    notice may, at the Issuer's discretion, be subject to one
    or more conditions precedent, including, but not limited to,
    completion of the related Equity Offering.
The Trustee shall select the Senior Notes to be redeemed in the
    manner described under "Repurchase at the Option of
    Holders — Selection and Notice."
Repurchase
    at the Option of Holders
Change
    of Control
The Senior Notes will provide that if a Change of Control
    occurs, unless the Issuer has previously or concurrently mailed
    a redemption notice with respect to all the outstanding Senior
    Notes as described under "Optional Redemption," the
    Issuer will make an offer to purchase all of the Senior Notes
    pursuant to the offer described below (the "
Change of
    Control Offer
") at a price in cash (the "
Change
    of Control Payment
") equal to 101% of the aggregate
    principal amount thereof plus accrued and unpaid interest and
    Additional Interest, if any, to the date of purchase, subject to
    the right of Holders of the Senior Notes of record on the
    relevant record date to receive interest due on the relevant
    interest payment date. Within 30 days following any Change
    of Control, the Issuer will send notice of such Change of
    Control Offer by first-class mail, with a copy to the
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Trustee, to each Holder of Senior Notes to the address of such
    Holder appearing in the security register with a copy to the
    Trustee, with the following information:
(1) that a Change of Control Offer is being made pursuant
    to the covenant entitled "Change of Control," and that
    all Senior Notes properly tendered pursuant to such Change of
    Control Offer will be accepted for payment by the Issuer;
(2) the purchase price and the purchase date, which will be
    no earlier than 30 days nor later than 60 days from
    the date such notice is mailed (the "
Change of Control
    Payment Date
");
(3) that any Senior Note not properly tendered will remain
    outstanding and continue to accrue interest;
(4) that unless the Issuer defaults in the payment of the
    Change of Control Payment, all Senior Notes accepted for payment
    pursuant to the Change of Control Offer will cease to accrue
    interest on the Change of Control Payment Date;
(5) that Holders electing to have any Senior Notes
    purchased pursuant to a Change of Control Offer will be required
    to surrender such Senior Notes, with the form entitled
    "Option of Holder to Elect Purchase" on the reverse of
    such Senior Notes completed, to the paying agent specified in
    the notice at the address specified in the notice prior to the
    close of business on the third Business Day preceding the Change
    of Control Payment Date;
(6) that Holders will be entitled to withdraw their
    tendered Senior Notes and their election to require the Issuer
    to purchase such Senior Notes,
provided
that the paying
    agent receives, not later than the close of business on the
    30th day following the date of the Change of Control
    notice, a telegram, telex, facsimile transmission or letter
    setting forth the name of the Holder of the Senior Notes, the
    principal amount of Senior Notes tendered for purchase, and a
    statement that such Holder is withdrawing its tendered Senior
    Notes and its election to have such Senior Notes purchased;
(7) that if the Issuer is redeeming less than all of the
    Senior Notes, the Holders of the remaining Senior Notes will be
    issued new Senior Notes and such new Senior Notes will be equal
    in principal amount to the unpurchased portion of the Senior
    Notes surrendered. The unpurchased portion of the Senior Notes
    must be equal to $2,000 or an integral multiple thereof; and
(8) the other instructions, as determined by us, consistent
    with the covenant described hereunder, that a Holder must follow.
The Issuer will comply with the requirements of
Rule 14e-1
under the Exchange Act and any other securities laws and
    regulations thereunder to the extent such laws or regulations
    are applicable in connection with the repurchase of Senior Notes
    pursuant to a Change of Control Offer. To the extent that the
    provisions of any securities laws or regulations conflict with
    the provisions of the Indenture, the Issuer will comply with the
    applicable securities laws and regulations and shall not be
    deemed to have breached its obligations described in the
    Indenture by virtue thereof.
On the Change of Control Payment Date, the Issuer will, to the
    extent permitted by law,
(1) accept for payment all Senior Notes issued by it or
    portions thereof properly tendered pursuant to the Change of
    Control Offer,
(2) deposit with the paying agent an amount equal to the
    aggregate Change of Control Payment in respect of all Senior
    Notes or portions thereof so tendered, and
(3) deliver, or cause to be delivered, to the Trustee for
    cancellation the Senior Notes so accepted together with an
    Officer's Certificate to the Trustee stating that such
    Senior Notes or portions thereof have been tendered to and
    purchased by the Issuer.
The Senior Credit Facilities will, and future Credit Facilities
    or other agreements relating to Senior Indebtedness to which the
    Issuer becomes a party may, provide that certain change of
    control events with respect to the Issuer would constitute a
    default thereunder (including a Change of Control under the
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Indenture). If we experience a change of control that triggers a
    default under our Senior Credit Facilities, we could seek a
    waiver of such default or seek to refinance our Senior Credit
    Facilities. In the event we do not obtain such a waiver or
    refinance the Senior Credit Facilities, such default could
    result in amounts outstanding under our Senior Credit Facilities
    being declared due and payable and cause a Receivables Facility
    to be wound-down.
Our ability to pay cash to the Holders of Senior Notes following
    the occurrence of a Change of Control may be limited by our
    then-existing financial resources. Therefore, sufficient funds
    may not be available when necessary to make any required
    repurchases.
The Change of Control purchase feature of the Senior Notes may
    in certain circumstances make more difficult or discourage a
    sale or takeover of us and, thus, the removal of incumbent
    management. The Change of Control purchase feature is a result
    of negotiations between the Initial Purchasers and us. After the
    Issue Date, we have no present intention to engage in a
    transaction involving a Change of Control, although it is
    possible that we could decide to do so in the future. Subject to
    the limitations discussed below, we could, in the future, enter
    into certain transactions, including acquisitions, refinancings
    or other recapitalizations, that would not constitute a Change
    of Control under the Indenture, but that could increase the
    amount of indebtedness outstanding at such time or otherwise
    affect our capital structure or credit ratings. Restrictions on
    our ability to incur additional Indebtedness are contained in
    the covenants described under "Certain
    Covenants — Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock" and
    "Certain Covenants — Liens." Such
    restrictions in the Indenture can be waived only with the
    consent of the Holders of a majority in principal amount of the
    Senior Notes then outstanding. Except for the limitations
    contained in such covenants, however, the Indenture will not
    contain any covenants or provisions that may afford Holders of
    the Senior Notes protection in the event of a highly leveraged
    transaction.
We will not be required to make a Change of Control Offer
    following a Change of Control if a third party makes the Change
    of Control Offer in the manner, at the times and otherwise in
    compliance with the requirements set forth in the Indenture
    applicable to a Change of Control Offer made by us and purchases
    all Senior Notes validly tendered and not withdrawn under such
    Change of Control Offer. Notwithstanding anything to the
    contrary herein, a Change of Control Offer may be made in
    advance of a Change of Control, conditional upon such Change of
    Control, if a definitive agreement is in place for the Change of
    Control at the time of making of the Change of Control Offer.
The definition of "Change of Control" includes a
    disposition of all or substantially all of the assets of the
    Issuer to any Person. Although there is a limited body of case
    law interpreting the phrase "substantially all," there
    is no precise established definition of the phrase under
    applicable law. Accordingly, in certain circumstances there may
    be a degree of uncertainty as to whether a particular
    transaction would involve a disposition of "all or
    substantially all" of the assets of the Issuer. As a
    result, it may be unclear as to whether a Change of Control has
    occurred and whether a Holder of Senior Notes may require the
    Issuer to make an offer to repurchase the Senior Notes as
    described above.
The provisions under the Indenture relative to the Issuer's
    obligation to make an offer to repurchase the Senior Notes as a
    result of a Change of Control may be waived or modified with the
    written consent of the Holders of a majority in principal amount
    of the Senior Notes.
Asset
    Sales
The Indenture will provide that the Issuer will not, and will
    not permit any of its Restricted Subsidiaries to, cause, make or
    suffer to exist an Asset Sale, unless:
(1) the Issuer or such Restricted Subsidiary, as the case
    may be, receives consideration at the time of such Asset Sale at
    least equal to the fair market value (as determined in good
    faith by the Issuer) of the assets sold or otherwise disposed
    of; and
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(2) except in the case of a Permitted Asset Swap, at least
    75% of the consideration therefor received by the Issuer or such
    Restricted Subsidiary, as the case may be, is in the form of
    cash or Cash Equivalents;
provided
that the amount of:
(a) any liabilities (as shown on the Issuer's or such
    Restricted Subsidiary's most recent balance sheet or in the
    footnotes thereto) of the Issuer or such Restricted Subsidiary,
    other than liabilities that are by their terms subordinated to
    the Senior Notes, that are assumed by the transferee of any such
    assets and for which the Issuer and all of its Restricted
    Subsidiaries have been validly released by all creditors in
    writing,
(b) any securities received by the Issuer or such
    Restricted Subsidiary from such transferee that are converted by
    the Issuer or such Restricted Subsidiary into cash (to the
    extent of the cash received) within 180 days following the
    closing of such Asset Sale, and
(c) any Designated Non-cash Consideration received by the
    Issuer or such Restricted Subsidiary in such Asset Sale having
    an aggregate fair market value, taken together with all other
    Designated Non-cash Consideration received pursuant to this
    clause (c) that is at that time outstanding, not to exceed 2.5%
    of Total Assets at the time of the receipt of such Designated
    Non-cash Consideration, with the fair market value of each item
    of Designated Non-cash Consideration being measured at the time
    received and without giving effect to subsequent changes in
    value,
shall be deemed to be cash for purposes of this provision and
    for no other purpose.
Within 450 days after the receipt of any Net Proceeds of
    any Asset Sale, the Issuer or such Restricted Subsidiary, at its
    option, may apply the Net Proceeds from such Asset Sale,
(1) to permanently reduce:
(a) Obligations under the Senior Credit Facilities, and to
    correspondingly reduce commitments with respect thereto;
(b) Obligations under Senior Indebtedness that is secured
    by a Lien, which Lien is permitted by the Indenture, and to
    correspondingly reduce commitments with respect thereto;
(c) Obligations under other Senior Indebtedness (and to
    correspondingly reduce commitments with respect thereto),
provided
that the Issuer shall equally and ratably reduce
    Obligations under the Senior Notes as provided under
    "Optional Redemption," through open-market purchases
    (to the extent such purchases are at or above 100% of the
    principal amount thereof) or by making an offer (in accordance
    with the procedures set forth below for an Asset Sale Offer) to
    all Holders to purchase their Senior Notes at 100% of the
    principal amount thereof, plus the amount of accrued but unpaid
    interest, if any, on the amount of Senior Notes that would
    otherwise be prepaid; or
(d) Indebtedness of a Restricted Subsidiary that is not a
    Guarantor, other than Indebtedness owed to the Issuer or another
    Restricted Subsidiary;
(2) to make (a) an Investment in any one or more
    businesses,
provided
that such Investment in any business
    is in the form of the acquisition of Capital Stock and results
    in the Issuer or another of its Restricted Subsidiaries, as the
    case may be, owning an amount of the Capital Stock of such
    business such that it constitutes a Restricted Subsidiary,
    (b) capital expenditures or (c) acquisitions of other
    assets, in each of (a), (b) and (c), used or useful in a
    Similar Business, or
(3) to make an investment in (a) any one or more
    businesses,
provided
that such Investment in any business
    is in the form of the acquisition of Capital Stock and results
    in the Issuer or another of its Restricted Subsidiaries, as the
    case may be, owning an amount of the Capital Stock of such
    business such that it constitutes a Restricted Subsidiary,
    (b) properties or (c) acquisitions of other assets
    that, in each of (a), (b) and (c), replace the businesses,
    properties
and/or
assets that are the subject of such Asset Sale;
provided
that, in the case of clauses (2) and
    (3) above, a binding commitment shall be treated as a
    permitted application of the Net Proceeds from the date of such
    commitment so long as the Issuer, or such other
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Restricted Subsidiary enters into such commitment with the good
    faith expectation that such Net Proceeds will be applied to
    satisfy such commitment within 180 days of such commitment
    (an "
Acceptable Commitment
") and, in the event
    any Acceptable Commitment is later cancelled or terminated for
    any reason before the Net Proceeds are applied in connection
    therewith, the Issuer or such Restricted Subsidiary enters into
    another Acceptable Commitment (a "
Second
    Commitment
") within 180 days of such cancellation
    or termination;
provided further
that if any Second
    Commitment is later cancelled or terminated for any reason
    before such Net Proceeds are applied, then such Net Proceeds
    shall constitute Excess Proceeds.
Any Net Proceeds from an Asset Sale that are not invested or
    applied as provided and within the time period set forth in the
    first sentence of the preceding paragraph will be deemed to
    constitute "
Excess Proceeds
." When the
    aggregate amount of Excess Proceeds exceeds $100.0 million,
    the Issuer shall make an offer to all Holders of the Senior
    Notes and, if required by the terms of any Indebtedness that is
pari passu
with the Senior Notes ("
Pari Passu
    Indebtedness
"), to the holders of such Pari Passu
    Indebtedness (an "
Asset Sale Offer
"), to
    purchase the maximum aggregate principal amount of the Senior
    Notes and such Pari Passu Indebtedness that is an integral
    multiple of $2,000 that may be purchased out of the Excess
    Proceeds at an offer price in cash in an amount equal to 100% of
    the principal amount thereof, plus accrued and unpaid interest
    and Additional Interest, if any, to the date fixed for the
    closing of such offer, in accordance with the procedures set
    forth in the Indenture. The Issuer will commence an Asset Sale
    Offer with respect to Excess Proceeds within ten Business Days
    after the date that Excess Proceeds exceed $100.0 million
    by mailing the notice required pursuant to the terms of the
    Indenture, with a copy to the Trustee.
To the extent that the aggregate amount of Senior Notes and such
    Pari Passu Indebtedness tendered pursuant to an Asset Sale Offer
    is less than the Excess Proceeds, the Issuer may use any
    remaining Excess Proceeds for general corporate purposes,
    subject to other covenants contained in the Indenture. If the
    aggregate principal amount of Senior Notes or the Pari Passu
    Indebtedness surrendered by such holders thereof exceeds the
    amount of Excess Proceeds, the Trustee shall select the Senior
    Notes and such Pari Passu Indebtedness to be purchased on a pro
    rata basis based on the accreted value or principal amount of
    the Senior Notes or such Pari Passu Indebtedness tendered. Upon
    completion of any such Asset Sale Offer, the amount of Excess
    Proceeds shall be reset at zero.
Pending the final application of any Net Proceeds pursuant to
    this covenant, the holder of such Net Proceeds may apply such
    Net Proceeds temporarily to reduce Indebtedness outstanding
    under a revolving credit facility or otherwise invest such Net
    Proceeds in any manner not prohibited by the Indenture.
The Issuer will comply with the requirements of
Rule 14e-1
under the Exchange Act and any other securities laws and
    regulations thereunder to the extent such laws or regulations
    are applicable in connection with the repurchase of the Senior
    Notes pursuant to an Asset Sale Offer. To the extent that the
    provisions of any securities laws or regulations conflict with
    the provisions of the Indenture, the Issuer will comply with the
    applicable securities laws and regulations and shall not be
    deemed to have breached its obligations described in the
    Indenture by virtue thereof.
Selection
    and Notice
If the Issuer is redeeming less than all of the Senior Notes
    issued by it at any time, the Trustee will select the Senior
    Notes to be redeemed (a) if the Senior Notes are listed on
    any national securities exchange, in compliance with the
    requirements of the principal national securities exchange on
    which the Senior Notes are listed or (b) on a pro rata
    basis to the extent practicable.
Notices of purchase or redemption shall be mailed by first-class
    mail, postage prepaid, at least 30 but not more than
    60 days before the purchase or redemption date to each
    Holder of Senior Notes at such Holder's registered address,
    except that (a) redemption notices may be mailed more than
    60 days prior to a redemption date if the notice is issued
    in connection with a defeasance of the Senior Notes or a
    satisfaction and discharge of the Indenture and
    (b) redemption notices need not be mailed more than one
    Business Day before the redemption date if the notice is issued
    in connection with a special mandatory redemption. If any Senior
    Note is to be purchased or redeemed in part only, any notice of
    purchase or redemption that relates to such Senior Note shall
    state the portion of the principal amount thereof that has been
    or is to be purchased or redeemed.
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The Issuer will issue a new Senior Note in a principal amount
    equal to the unredeemed portion of the original Senior Note in
    the name of the Holder upon cancellation of the original Senior
    Note. Senior Notes called for redemption become due on the date
    fixed for redemption. On and after the redemption date, interest
    ceases to accrue on Senior Notes or portions of them called for
    redemption.
Certain
    Covenants
Set forth below are summaries of certain covenants contained in
    the Indenture. If on any date following the date of the Issue
    Date (i) the Senior Notes have Investment Grade Ratings
    from both Rating Agencies, and (ii) no Default has occurred
    and is continuing under the Indenture then, beginning on that
    day and continuing at all times thereafter regardless of any
    subsequent changes in the rating of the Senior Notes, the
    covenants specifically listed under the following captions in
    this "Description of Notes" section of this offering
    circular will no longer be applicable to the Senior Notes:
(1) "Repurchase at the Option of Holders —
    Asset Sales";
(2) " — Limitation on Restricted
    Payments";
(3) " — Limitation on Incurrence of
    Indebtedness and Issuance of Disqualified Stock and Preferred
    Stock";
(4) clause (4) of the first paragraph of
    "— Merger, Consolidation or Sale of All or
    Substantially All Assets";
(5) " — Transactions with Affiliates";
(6) " — Dividend and Other Payment
    Restrictions Affecting Restricted Subsidiaries"; and
(7) " — Limitation on Guarantees of
    Indebtedness by Restricted Subsidiaries."
In addition, during any period of time that: (i) the Senior
    Notes have Investment Grade Ratings from both Rating Agencies
    and (ii) no Default has occurred and is continuing under
    the Indenture (the occurrence of the events described in the
    foregoing clauses (i) and (ii) being collectively
    referred to as a "
Covenant Suspension Event
"),
    the Issuer and the Restricted Subsidiaries will not be subject
    to the covenant described under "Repurchase at the Option
    of Holders — Change of Control" (the
    "
Suspended Covenant
"). In the event that the
    Issuer and the Restricted Subsidiaries are not subject to the
    Suspended Covenant under the Indenture for any period of time as
    a result of the foregoing, and on any subsequent date (the
    "
Reversion Date
") one or both of the Rating
    Agencies (a) withdraw their Investment Grade Rating or
    downgrade the rating assigned to the Senior Notes below an
    Investment Grade Rating
and/or
(b) the Issuer or any of its Affiliates enter into an
    agreement to effect a transaction that would result in a Change
    of Control and one or more of the Rating Agencies indicate that
    if consummated, such transaction (alone or together with any
    related recapitalization or refinancing transactions) would
    cause such Rating Agency to withdraw its Investment Grade Rating
    or downgrade the ratings assigned to the Senior Notes below an
    Investment Grade Rating, then the Issuer and the Restricted
    Subsidiaries will thereafter again be subject to the Suspended
    Covenant under the Indenture with respect to future events,
    including, without limitation, a proposed transaction described
    in clause (b) above.
There can be no assurance that the Senior Notes will ever
    achieve or maintain Investment Grade Ratings.
Limitation
    on Restricted Payments
The Issuer will not, and will not permit any of its Restricted
    Subsidiaries to, directly or indirectly:
(I) declare or pay any dividend or make any payment or
    distribution on account of the Issuer's, or any of its
    Restricted Subsidiaries' Equity Interests, including any
    dividend or distribution payable in connection with any merger
    or consolidation other than:
(a) dividends or distributions by the Issuer payable solely
    in Equity Interests (other than Disqualified Stock) of the
    Issuer; or
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(b) dividends or distributions by a Restricted Subsidiary
    so long as, in the case of any dividend or distribution payable
    on or in respect of any class or series of securities issued by
    a Restricted Subsidiary other than a Wholly Owned Subsidiary,
    the Issuer or a Restricted Subsidiary receives at least its pro
    rata share of such dividend or distribution in accordance with
    its Equity Interests in such class or series of securities;
(II) purchase, redeem, defease or otherwise acquire or
    retire for value any Equity Interests of the Issuer or any
    direct or indirect parent of the Issuer, including in connection
    with any merger or consolidation;
(III) make any principal payment on, or redeem, repurchase,
    defease or otherwise acquire or retire for value in each case,
    prior to any scheduled repayment, sinking fund payment or
    maturity, any Subordinated Indebtedness, other than:
(a) Indebtedness permitted under clauses (7) and
    (8) of the covenant described under
    "— Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock"; or
(b) the purchase, repurchase or other acquisition of
    Subordinated Indebtedness purchased in anticipation of
    satisfying a sinking fund obligation, principal installment or
    final maturity, in each case due within one year of the date of
    purchase, repurchase or acquisition; or
(IV) make any Restricted Investment
(all such payments and other actions set forth in
    clauses (I) through (IV) above being collectively
    referred to as "
Restricted Payments
"), unless,
    at the time of such Restricted Payment:
(1) no Default shall have occurred and be continuing or
    would occur as a consequence thereof;
(2) immediately after giving effect to such transaction on
    a
pro forma
basis, the Issuer could incur $1.00 of
    additional Indebtedness under the provisions of the first
    paragraph of the covenant described under
    "— Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred
    Stock"; and
(3) such Restricted Payment, together with the aggregate
    amount of all other Restricted Payments made by the Issuer and
    its Restricted Subsidiaries after August 11, 2005
    (including Restricted Payments permitted by clauses (1), (2)
    (with respect to the payment of dividends on Refunding Capital
    Stock (as defined below) pursuant to clause (b) thereof
    only), (6)(c), (9) and (14) of the next succeeding
    paragraph, but excluding all other Restricted Payments permitted
    by the next succeeding paragraph), is less than the sum of
    (without duplication):
(a) 50% of the Consolidated Net Income of the Issuer for
    the period (taken as one accounting period) beginning
    July 1, 2005, to the end of the Issuer's most recently
    ended fiscal quarter for which internal financial statements are
    available at the time of such Restricted Payment, or, in the
    case such Consolidated Net Income for such period is a deficit,
    minus 100% of such deficit;
plus
(b) 100% of the aggregate net cash proceeds and the fair
    market value, as determined in good faith by the Issuer, of
    marketable securities or other property received by the Issuer
    since immediately after August 11, 2005 (other than net
    cash proceeds to the extent such net cash proceeds have been
    used to incur Indebtedness, Disqualified Stock or Preferred
    Stock pursuant to clause (12)(a) of the second paragraph of
    "— Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock") from
    the issue or sale of:
(i) (A) Equity Interests of the Issuer, including
    Treasury Capital Stock (as defined below), but excluding cash
    proceeds and the fair market value, as determined in good faith
    by the Issuer, of marketable securities or other property
    received from the sale of: (x) Equity Interests to members
    of management, directors or consultants of the Issuer, any
    direct or indirect parent company of the Issuer and the
    Issuer's Subsidiaries after the Issue Date to the extent
    such
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amounts have been applied to Restricted Payments made in
    accordance with clause (4) of the next succeeding
    paragraph; and (y) Designated Preferred Stock; and
(B) to the extent such net cash proceeds are actually
    contributed to the Issuer, Equity Interests of the Issuer's
    direct or indirect parent companies (excluding contributions of
    the proceeds from the sale of Designated Preferred Stock of such
    companies or contributions to the extent such amounts have been
    applied to Restricted Payments made in accordance with
    clause (4) of the next succeeding paragraph); or
(ii) debt securities of the Issuer that have been converted
    into or exchanged for such Equity Interests of the Issuer;
provided
,
however
, that this clause (b) shall
    not include the proceeds from (W) Refunding Capital Stock
    (as defined below), (X) Equity Interests or convertible
    debt securities of the Issuer sold to a Restricted Subsidiary,
    as the case may be, (Y) Disqualified Stock or debt
    securities that have been converted into Disqualified Stock or
    (Z) Excluded Contributions;
plus
(c) 100% of the aggregate amount of cash and the fair
    market value, as determined in good faith by the Issuer, of
    marketable securities or other property contributed to the
    capital of the Issuer following August 11, 2005 (other than
    net cash proceeds to the extent such net cash proceeds have been
    used to incur Indebtedness, Disqualified Stock or Preferred
    Stock pursuant to clause (12)(a) of the second paragraph of
    "— Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock") (other
    than by a Restricted Subsidiary and other than by any Excluded
    Contributions);
plus
(d) 100% of the aggregate amount received in cash and the
    fair market value, as determined in good faith by the Issuer, of
    marketable securities or other property received by means of:
(i) the sale or other disposition (other than to the Issuer
    or a Restricted Subsidiary) of Restricted Investments made by
    the Issuer or its Restricted Subsidiaries and repurchases and
    redemptions of such Restricted Investments from the Issuer or
    its Restricted Subsidiaries and repayments of loans or advances,
    and releases of guarantees, which constitute Restricted
    Investments by the Issuer or its Restricted Subsidiaries, in
    each case after August 11, 2005; or
(ii) the sale (other than to the Issuer or a Restricted
    Subsidiary) of the stock of an Unrestricted Subsidiary or a
    distribution from an Unrestricted Subsidiary (other than in each
    case to the extent the Investment in such Unrestricted
    Subsidiary was made by the Issuer or a Restricted Subsidiary
    pursuant to clause (7) of the next succeeding paragraph or
    to the extent such Investment constituted a Permitted
    Investment) or a dividend from an Unrestricted Subsidiary after
    August 11, 2005;
plus
(e) in the case of the redesignation of an Unrestricted
    Subsidiary as a Restricted Subsidiary after August 11,
    2005, the fair market value of the Investment in such
    Unrestricted Subsidiary, as determined by the Issuer in good
    faith or if, in the case of an Unrestricted Subsidiary, such
    fair market value may exceed $150.0 million, in writing by
    an Independent Financial Advisor, at the time of the
    redesignation of such Unrestricted Subsidiary as a Restricted
    Subsidiary other than an Unrestricted Subsidiary to the extent
    the Investment in such Unrestricted Subsidiary was made by the
    Issuer or a Restricted Subsidiary pursuant to clause (7) of
    the next succeeding paragraph or to the extent such Investment
    constituted a Permitted Investment.
The foregoing provisions will not prohibit:
(1) the payment of any dividend within 60 days after
    the date of declaration thereof, if at the date of declaration
    such payment would have complied with the provisions of the
    Indenture;
(2) (a) the redemption, repurchase, retirement or
    other acquisition of any Equity Interests ("
Treasury
    Capital Stock
") or Subordinated Indebtedness of the
    Issuer or any Equity Interests of any direct or indirect parent
    company of the Issuer, in exchange for, or out of the proceeds
    of the substantially
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concurrent sale (other than to a Restricted Subsidiary) of,
    Equity Interests of the Issuer or any direct or indirect parent
    company of the Issuer to the extent contributed to the Issuer
    (in each case, other than any Disqualified Stock)
    ("
Refunding Capital Stock
") and (b) if
    immediately prior to the retirement of Treasury Capital Stock,
    the declaration and payment of dividends thereon was permitted
    under clause (6) of this paragraph, the declaration and
    payment of dividends on the Refunding Capital Stock (other than
    Refunding Capital Stock the proceeds of which were used to
    redeem, repurchase, retire or otherwise acquire any Equity
    Interests of any direct or indirect parent company of the
    Issuer) in an aggregate amount per year no greater than the
    aggregate amount of dividends
per annum
that were
    declarable and payable on such Treasury Capital Stock
    immediately prior to such retirement;
(3) the redemption, repurchase or other acquisition or
    retirement of Subordinated Indebtedness of the Issuer or a
    Guarantor made by exchange for, or out of the proceeds of the
    substantially concurrent sale of, new Indebtedness of the Issuer
    or a Guarantor, as the case may be, which is incurred in
    compliance with "— Limitation on Incurrence of
    Indebtedness and Issuance of Disqualified Stock and Preferred
    Stock" so long as:
(a) the principal amount of such new Indebtedness does not
    exceed the principal amount of (or accreted value, if
    applicable), plus any accrued and unpaid interest on, the
    Subordinated Indebtedness being so redeemed, repurchased,
    acquired or retired for value, plus the amount of any reasonable
    premium required to be paid under the terms of the instrument
    governing the Subordinated Indebtedness being so redeemed,
    repurchased, acquired or retired and any reasonable fees and
    expenses incurred in connection with the issuance of such new
    Indebtedness;
(b) such new Indebtedness is subordinated to the Senior
    Notes or the applicable Guarantee at least to the same extent as
    such Subordinated Indebtedness so purchased, exchanged,
    redeemed, repurchased, acquired or retired for value;
(c) such new Indebtedness has a final scheduled maturity
    date equal to or later than the final scheduled maturity date of
    the Subordinated Indebtedness being so redeemed, repurchased,
    acquired or retired; and
(d) such new Indebtedness has a Weighted Average Life to
    Maturity equal to or greater than the remaining Weighted Average
    Life to Maturity of the Subordinated Indebtedness being so
    redeemed, repurchased, acquired or retired;
(4) a Restricted Payment to pay for the repurchase,
    retirement or other acquisition or retirement for value of
    Equity Interests (other than Disqualified Stock) of the Issuer
    or any of its direct or indirect parent companies held by any
    future, present or former employee, director or consultant of
    the Issuer, any of its Subsidiaries or any of its direct or
    indirect parent companies pursuant to any management equity plan
    or stock option plan or any other management or employee benefit
    plan or agreement;
provided
,
however
, that the
    aggregate Restricted Payments made under this clause (4) do
    not exceed in any calendar year $25.0 million (which shall
    increase to $50.0 million subsequent to the consummation of
    an underwritten public Equity Offering by the Issuer or any
    direct or indirect parent corporation of the Issuer) (with
    unused amounts in any calendar year being carried over to
    succeeding calendar years subject to a maximum (without giving
    effect to the following proviso) of $50.0 million in any
    calendar year (which shall increase to $100.0 million
    subsequent to the consummation of an underwritten public Equity
    Offering by the Issuer or any direct or indirect parent
    corporation of the Issuer));
provided further
that such
    amount in any calendar year may be increased by an amount not to
    exceed:
(a) the cash proceeds from the sale of Equity Interests
    (other than Disqualified Stock) of the Issuer and, to the extent
    contributed to the Issuer, Equity Interests of any of the
    Issuer's direct or indirect parent companies, in each case
    to members of management, directors or consultants of the
    Issuer, any of its Subsidiaries or any of its direct or indirect
    parent companies that occurs after the Issue Date, to the extent
    the cash proceeds from the sale of such Equity Interests have
    not otherwise been applied to the payment of Restricted Payments
    by virtue of clause (3) of the preceding paragraph;
plus
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(b) the cash proceeds of key man life insurance policies
    received by the Issuer or its Restricted Subsidiaries after the
    Issue Date;
less
(c) the amount of any Restricted Payments previously made
    with the cash proceeds described in clauses (a) and
    (b) of this clause (4);
and
provided further
that cancellation of Indebtedness
    owing to the Issuer from members of management of the Issuer,
    any of the Issuer's direct or indirect parent companies or
    any of the Issuer's Restricted Subsidiaries in connection
    with a repurchase of Equity Interests of the Issuer or any of
    its direct or indirect parent companies will not be deemed to
    constitute a Restricted Payment for purposes of this covenant or
    any other provision of the Indenture;
(5) the declaration and payment of dividends to holders of
    any class or series of Disqualified Stock of the Issuer or any
    of its Restricted Subsidiaries issued in accordance with the
    covenant described under "— Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock" to the extent such dividends are
    included in the definition of "Fixed Charges";
(6)(a) the declaration and payment of dividends to holders of
    any class or series of Designated Preferred Stock (other than
    Disqualified Stock) issued by the Issuer after the Issue Date;
(b) the declaration and payment of dividends to a direct or
    indirect parent company of the Issuer, the proceeds of which
    will be used to fund the payment of dividends to holders of any
    class or series of Designated Preferred Stock (other than
    Disqualified Stock) of such parent corporation issued after the
    Issue Date,
provided
that the amount of dividends paid
    pursuant to this clause (b) shall not exceed the aggregate
    amount of cash actually contributed to the Issuer from the sale
    of such Designated Preferred Stock; or
(c) the declaration and payment of dividends on Refunding
    Capital Stock that is Preferred Stock in excess of the dividends
    declarable and payable thereon pursuant to clause (2) of
    this paragraph;
provided
,
however
, in the case of each of (a),
    (b) and (c) of this clause (6), that for the most
    recently ended four full fiscal quarters for which internal
    financial statements are available immediately preceding the
    date of issuance of such Designated Preferred Stock or the
    declaration of such dividends on Refunding Capital Stock that is
    Preferred Stock, after giving effect to such issuance or
    declaration on a
pro forma
basis, the Issuer and its
    Restricted Subsidiaries on a consolidated basis would have had a
    Fixed Charge Coverage Ratio of at least 2.00 to 1.00;
(7) Investments in Unrestricted Subsidiaries having an
    aggregate fair market value, taken together with all other
    Investments made pursuant to this clause (7) that are at the
    time outstanding, without giving effect to the sale of an
    Unrestricted Subsidiary to the extent the proceeds of such sale
    do not consist of cash or marketable securities, not to exceed
    2.0% of Total Assets at the time of such Investment (with the
    fair market value of each Investment being measured at the time
    made and without giving effect to subsequent changes in value);
(8) repurchases of Equity Interests deemed to occur upon
    exercise of stock options or warrants if such Equity Interests
    represent a portion of the exercise price of such options or
    warrants;
(9) the declaration and payment of dividends on the
    Issuer's common stock (or the payment of dividends to any
    direct or indirect parent entity to fund a payment of dividends
    on such entity's common stock), following the first public
    offering of the Issuer's common stock or the common stock
    of any of its direct or indirect parent companies after the
    Issue Date, of up to 6%
per annum
of the net cash
    proceeds received by or contributed to the Issuer in or from any
    such public offering, other than public offerings with respect
    to the Issuer's common stock registered on
Form S-8
and other than any public sale constituting an Excluded
    Contribution;
(10) Restricted Payments that are made with Excluded
    Contributions;
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(11) other Restricted Payments in an aggregate amount taken
    together with all other Restricted Payments made pursuant to
    this clause (11) not to exceed the greater of
    (x) $275.0 million or (y) 1.875% of Total Assets
    at the time made;
(12) distributions or payments of Receivables Fees;
(13) any Restricted Payment used to fund the Transaction
    and the fees and expenses related thereto or owed to Affiliates,
    in each case to the extent permitted by the covenant described
    under "— Transactions with Affiliates";
(14) the repurchase, redemption or other acquisition or
    retirement for value of any Subordinated Indebtedness pursuant
    to the provisions similar to those described under the captions
    "Repurchase at the Option of Holders — Change of
    Control" and "Repurchase at the Option of
    Holders — Asset Sales";
provided
that all
    Senior Notes tendered by Holders in connection with a Change of
    Control Offer or Asset Sale Offer, as applicable, have been
    repurchased, redeemed or acquired for value;
(15) the declaration and payment of dividends by the Issuer
    to, or the making of loans to, any direct or indirect parent in
    amounts required for any direct or indirect parent companies to
    pay, in each case without duplication,
(a) franchise taxes and other fees, taxes and expenses
    required to maintain their corporate existence;
(b) federal, state and local income taxes, to the extent
    such income taxes are attributable to the income of the Issuer
    and its Restricted Subsidiaries and, to the extent of the amount
    actually received from its Unrestricted Subsidiaries, in amounts
    required to pay such taxes to the extent attributable to the
    income of such Unrestricted Subsidiaries;
provided
that
    in each case the amount of such payments in any fiscal year does
    not exceed the amount that the Issuer and its Restricted
    Subsidiaries would be required to pay in respect of federal,
    state and local taxes for such fiscal year were the Issuer, its
    Restricted Subsidiaries and its Unrestricted Subsidiaries (to
    the extent described above) to pay such taxes separately from
    any such parent entity;
(c) customary salary, bonus and other benefits payable to
    officers and employees of any direct or indirect parent company
    of the Issuer to the extent such salaries, bonuses and other
    benefits are attributable to the ownership or operation of the
    Issuer and its Restricted Subsidiaries;
(d) general corporate operating and overhead costs and
    expenses of any direct or indirect parent company of the Issuer
    to the extent such costs and expenses are attributable to the
    ownership or operation of the Issuer and its Restricted
    Subsidiaries; and
(e) fees and expenses other than to Affiliates of the
    Issuer related to any unsuccessful equity or debt offering of
    such parent entity; and
(16) the distribution, dividend or otherwise, of shares of
    Capital Stock of, or Indebtedness owed to the Issuer or a
    Restricted Subsidiary by Unrestricted Subsidiaries (other than
    Unrestricted Subsidiaries, the primary assets of which are cash
and/or
Cash
    Equivalents);
provided
,
however
, that at the time of, and after
    giving effect to, any Restricted Payment permitted under
    clauses (11) and (16), no Default shall have occurred and
    be continuing or would occur as a consequence thereof.
As of the Issue Date, all of the Issuer's Subsidiaries will
    be Restricted Subsidiaries. The Issuer will not permit any
    Unrestricted Subsidiary to become a Restricted Subsidiary except
    pursuant to the last sentence of the definition of
    "Unrestricted Subsidiary." For purposes of designating
    any Restricted Subsidiary as an Unrestricted Subsidiary, all
    outstanding Investments by the Issuer and its Restricted
    Subsidiaries (except to the extent repaid) in the Subsidiary so
    designated will be deemed to be Restricted Payments in an amount
    determined as set forth in the last sentence of the definition
    of "Investment." Such designation will be permitted
    only if a Restricted Payment in such amount would be permitted
    at such time, whether pursuant to the first paragraph of this
    covenant or under clause (7), (10), (11) or (16) of
    the second paragraph of this
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covenant, or pursuant to the definition of "Permitted
    Investments," and if such Subsidiary otherwise meets the
    definition of an Unrestricted Subsidiary. Unrestricted
    Subsidiaries will not be subject to any of the restrictive
    covenants set forth in the Indenture.
Limitation
    on Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock
The Issuer will not, and will not permit any of its Restricted
    Subsidiaries to, directly or indirectly, create, incur, issue,
    assume, guarantee or otherwise become directly or indirectly
    liable, contingently or otherwise (collectively,
    "
incur
" and collectively, an
    "
incurrence
") with respect to any Indebtedness
    (including Acquired Indebtedness) and the Issuer will not issue
    any shares of Disqualified Stock and will not permit any
    Restricted Subsidiary to issue any shares of Disqualified Stock
    or Preferred Stock;
provided
,
however
, that the
    Issuer may incur Indebtedness (including Acquired Indebtedness)
    or issue shares of Disqualified Stock, and any of its Restricted
    Subsidiaries may incur Indebtedness (including Acquired
    Indebtedness), issue shares of Disqualified Stock and issue
    shares of Preferred Stock, if the Fixed Charge Coverage Ratio on
    a consolidated basis for the Issuer and its Restricted
    Subsidiaries' most recently ended four fiscal quarters for
    which internal financial statements are available immediately
    preceding the date on which such additional Indebtedness is
    incurred or such Disqualified Stock or Preferred Stock is issued
    would have been at least 2.00 to 1.00, determined on a
pro
    forma
basis (including a
pro forma
application of the
    net proceeds therefrom), as if the additional Indebtedness had
    been incurred, or the Disqualified Stock or Preferred Stock had
    been issued, as the case may be, and the application of proceeds
    therefrom had occurred at the beginning of such four-quarter
    period.
The foregoing limitations will not apply to:
(1) the incurrence of Indebtedness under Credit Facilities
    by the Issuer or any of its Restricted Subsidiaries and the
    issuance and creation of letters of credit and bankers'
    acceptances thereunder (with letters of credit and bankers'
    acceptances being deemed to have a principal amount equal to the
    face amount thereof), up to an aggregate principal amount of
    $5,750.0 million outstanding at any one time, less up to
    $1,000.0 million in the aggregate of mandatory principal
    payments actually made by the borrower thereunder in respect of
    Indebtedness thereunder with Net Proceeds from an Asset Sale or
    series of related Asset Sales that constitutes the sale,
    transfer, conveyance or other disposition of all or
    substantially all of a segment (as defined under GAAP) of the
    Issuer (other than any segment predominantly composed of assets
    acquired by the Issuer or its Restricted Subsidiaries subsequent
    to the Issue Date);
(2) the incurrence by the Issuer and any Guarantor of
    Indebtedness represented by the Senior Notes (including any
    Guarantee) (other than any Additional Senior Notes);
(3) Indebtedness of the Issuer and its Restricted
    Subsidiaries in existence on the Issue Date (other than
    Indebtedness described in clauses (1) and (2));
(4) Indebtedness (including Capitalized Lease Obligations),
    Disqualified Stock and Preferred Stock incurred by the Issuer or
    any of its Restricted Subsidiaries, to finance the purchase,
    lease or improvement of property (real or personal) or equipment
    (other than software) that is used or useful in a Similar
    Business, whether through the direct purchase of assets or the
    Capital Stock of any Person owning such assets;
(5) Indebtedness incurred by the Issuer or any of its
    Restricted Subsidiaries constituting reimbursement obligations
    with respect to letters of credit issued in the ordinary course
    of business, including letters of credit in respect of
    workers' compensation claims, or other Indebtedness with
    respect to reimbursement type obligations regarding
    workers' compensation claims;
provided
,
however
, that upon the drawing of such letters of credit
    or the incurrence of such Indebtedness, such obligations are
    reimbursed within 30 days following such drawing or
    incurrence;
(6) Indebtedness arising from agreements of the Issuer or
    its Restricted Subsidiaries providing for indemnification,
    adjustment of purchase price or similar obligations, in each
    case, incurred or assumed in connection with the disposition of
    any business, assets or a Subsidiary, other than guarantees of
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Indebtedness incurred by any Person acquiring all or any portion
    of such business, assets or a Subsidiary for the purpose of
    financing such acquisition;
provided
,
however
, that
(a) such Indebtedness is not reflected on the balance sheet
    of the Issuer, or any of its Restricted Subsidiaries (contingent
    obligations referred to in a footnote to financial statements
    and not otherwise reflected on the balance sheet will not be
    deemed to be reflected on such balance sheet for purposes of
    this clause (6)(a)); and
(b) the maximum assumable liability in respect of all such
    Indebtedness shall at no time exceed the gross proceeds
    including non-cash proceeds (the fair market value of such
    non-cash proceeds being measured at the time received and
    without giving effect to any subsequent changes in value)
    actually received by the Issuer and its Restricted Subsidiaries
    in connection with such disposition;
(7) Indebtedness of the Issuer to a Restricted Subsidiary;
provided
that any such Indebtedness owing to a Restricted
    Subsidiary that is not a Guarantor is expressly subordinated in
    right of payment to the Senior Notes;
provided further
that any subsequent issuance or transfer of any Capital
    Stock or any other event which results in any Restricted
    Subsidiary ceasing to be a Restricted Subsidiary or any other
    subsequent transfer of any such Indebtedness (except to the
    Issuer or another Restricted Subsidiary) shall be deemed, in
    each case, to be an incurrence of such Indebtedness;
(8) Indebtedness of a Restricted Subsidiary to the Issuer
    or another Restricted Subsidiary;
provided
that if a
    Guarantor incurs such Indebtedness to a Restricted Subsidiary
    that is not a Guarantor, such Indebtedness is expressly
    subordinated in right of payment to the Guarantee of the Senior
    Notes of such Guarantor;
provided further
that any
    subsequent transfer of any such Indebtedness (except to the
    Issuer or another Restricted Subsidiary) shall be deemed, in
    each case, to be an incurrence of such Indebtedness;
(9) shares of Preferred Stock of a Restricted Subsidiary
    issued to the Issuer or another Restricted Subsidiary,
provided
that any subsequent issuance or transfer of any
    Capital Stock or any other event which results in any such
    Restricted Subsidiary ceasing to be a Restricted Subsidiary or
    any other subsequent transfer of any such shares of Preferred
    Stock (except to the Issuer or another of its Restricted
    Subsidiaries) shall be deemed in each case to be an issuance of
    such shares of Preferred Stock;
(10) Hedging Obligations (excluding Hedging Obligations
    entered into for speculative purposes) for the purpose of
    limiting interest rate risk with respect to any Indebtedness
    permitted to be incurred pursuant to
    "— Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock,"
    exchange rate risk or commodity pricing risk;
(11) obligations in respect of performance, bid, appeal and
    surety bonds and completion guarantees provided by the Issuer or
    any of its Restricted Subsidiaries in the ordinary course of
    business;
(12) (a) Indebtedness or Disqualified Stock of the
    Issuer and Indebtedness, Disqualified Stock or Preferred Stock
    of the Issuer or any Restricted Subsidiary equal to 200.0% of
    the net cash proceeds received by the Issuer since immediately
    after the Issue Date from the issue or sale of Equity Interests
    of the Issuer or cash contributed to the capital of the Issuer
    (in each case, other than proceeds of Disqualified Stock or
    sales of Equity Interests to the Issuer or any of its
    Subsidiaries) as determined in accordance with clauses (3)(b)
    and (3)(c) of the first paragraph of
    "— Limitation on Restricted Payments" to the
    extent such net cash proceeds or cash have not been applied
    pursuant to such clauses to make Restricted Payments or to make
    other Investments, payments or exchanges pursuant to the second
    paragraph of "— Limitation on Restricted
    Payments" or to make Permitted Investments (other than
    Permitted Investments specified in clauses (1) and
    (3) of the definition thereof) and (b) Indebtedness or
    Disqualified Stock of Issuer and Indebtedness, Disqualified
    Stock or Preferred Stock of the Issuer or any Restricted
    Subsidiary not otherwise permitted hereunder in an aggregate
    principal amount or liquidation preference, which when
    aggregated with the principal amount and liquidation preference
    of all other Indebtedness, Disqualified Stock and Preferred
    Stock then outstanding and incurred pursuant to this clause
    (12)(b), does not at any one time outstanding exceed
    $600.0 million (it being understood that any Indebtedness,
    Disqualified Stock or Preferred Stock incurred pursuant to this
    clause (12)(b) shall cease to be deemed incurred or outstanding
    for purposes of this clause (12)(b) but shall be deemed incurred
    for
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the purposes of the first paragraph of this covenant from and
    after the first date on which the Issuer or such Restricted
    Subsidiary could have incurred such Indebtedness, Disqualified
    Stock or Preferred Stock under the first paragraph of this
    covenant without reliance on this clause (12)(b));
(13) the incurrence by the Issuer or any Restricted
    Subsidiary, of the Issuer of Indebtedness, Disqualified Stock or
    Preferred Stock which serves to refund or refinance any
    Indebtedness, Disqualified Stock or Preferred Stock incurred as
    permitted under the first paragraph of this covenant and clauses
    (2), (3) and (12)(a) above, this clause (13) and
    clause (14) below or any Indebtedness, Disqualified Stock
    or Preferred Stock issued to so refund or refinance such
    Indebtedness, Disqualified Stock or Preferred Stock including
    additional Indebtedness, Disqualified Stock or Preferred Stock
    incurred to pay premiums (including reasonable tender premiums),
    defeasance costs and fees in connection therewith (the
    "
Refinancing Indebtedness
") prior to its
    respective maturity;
provided
,
however
, that such
    Refinancing Indebtedness:
(a) has a Weighted Average Life to Maturity at the time
    such Refinancing Indebtedness is incurred which is not less than
    the remaining Weighted Average Life to Maturity of the
    Indebtedness, Disqualified Stock or Preferred Stock being
    refunded or refinanced,
(b) to the extent such Refinancing Indebtedness refinances
    (i) Indebtedness subordinated or
pari passu
to the
    Senior Notes or any Guarantee thereof, such Refinancing
    Indebtedness is subordinated or
pari passu
to the Senior
    Notes or the Guarantee at least to the same extent as the
    Indebtedness being refinanced or refunded or
    (ii) Disqualified Stock or Preferred Stock, such
    Refinancing Indebtedness must be Disqualified Stock or Preferred
    Stock, respectively, and
(c) shall not include:
(i) Indebtedness, Disqualified Stock or Preferred Stock of
    a Subsidiary of the Issuer that is not a Guarantor that
    refinances Indebtedness, Disqualified Stock or Preferred Stock
    of the Issuer;
(ii) Indebtedness, Disqualified Stock or Preferred Stock of
    a Subsidiary of the Issuer, that is not a Guarantor that
    refinances Indebtedness, Disqualified Stock or Preferred Stock
    of a Guarantor; or
(iii) Indebtedness, Disqualified Stock or Preferred Stock
    of the Issuer or a Restricted Subsidiary that refinances
    Indebtedness, Disqualified Stock or Preferred Stock of an
    Unrestricted Subsidiary;
and
provided further
that subclause (a) of this
    clause (13) will not apply to any refunding or refinancing
    of any Indebtedness outstanding under a Credit Facility;
(14) Indebtedness, Disqualified Stock or Preferred Stock of
    (x) the Issuer or a Restricted Subsidiary incurred to
    finance an acquisition or (y) Persons that are acquired by
    the Issuer or any Restricted Subsidiary or merged into the
    Issuer or a Restricted Subsidiary in accordance with the terms
    of the Indenture;
provided
that either
(i) such Indebtedness, Disqualified Stock or Preferred
    Stock:
(a) is not Secured Indebtedness and is subordinated to the
    Senior Notes on terms no less favorable to the Holders thereof
    than the subordination terms set forth in the indenture
    governing the Existing Senior Subordinated Notes as in effect on
    the Issue Date;
(b) is not incurred while a Default exists and no Default
    shall result therefrom;
(c) matures and does not require any payment of principal
    prior to the final maturity of the Senior Notes (other than in a
    manner consistent with the terms of the Indenture); and
(d) in the case of clause (y), is not incurred in
    contemplation of such acquisition or merger; or
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(ii) after giving effect to such acquisition or merger,
    either
(a) the Issuer would be permitted to incur at least $1.00
    of additional Indebtedness pursuant to the Fixed Charge Coverage
    Ratio test set forth in the first sentence of this
    covenant, or
(b) the Fixed Charge Coverage Ratio of the Issuer and the
    Restricted Subsidiaries is greater than immediately prior to
    such acquisition or merger;
(15) Indebtedness arising from the honoring by a bank or
    other financial institution of a check, draft or similar
    instrument drawn against insufficient funds in the ordinary
    course of business,
provided
that such Indebtedness is
    extinguished within two Business Days of its incurrence;
(16) Indebtedness of the Issuer or any of its Restricted
    Subsidiaries supported by a letter of credit issued pursuant to
    the Credit Facilities, in a principal amount not in excess of
    the stated amount of such letter of credit;
(17)(a) any guarantee by the Issuer or a Restricted Subsidiary
    of Indebtedness or other obligations of any Restricted
    Subsidiary so long as the incurrence of such Indebtedness
    incurred by such Restricted Subsidiary is permitted under the
    terms of the Indenture, or
(b) any guarantee by a Restricted Subsidiary of
    Indebtedness of the Issuer
provided
that such guarantee
    is incurred in accordance with the covenant described below
    under "— Limitation on Guarantees of Indebtedness
    by Restricted Subsidiaries";
(18) Indebtedness of Foreign Subsidiaries of the Issuer
    incurred not to exceed at any one time outstanding and together
    with any other Indebtedness incurred under this clause (18)
    5.0% of the Total Assets of the Foreign Subsidiaries (it being
    understood that any Indebtedness incurred pursuant to this
    clause (18) shall cease to be deemed incurred or
    outstanding for purposes of this clause (18) but shall be
    deemed incurred for the purposes of the first paragraph of this
    covenant from and after the first date on which the Issuer or
    such Restricted Subsidiary could have incurred such Indebtedness
    under the first paragraph of this covenant without reliance on
    this clause (18));
(19) Indebtedness, Disqualified Stock or Preferred Stock of
    a Restricted Subsidiary incurred to finance or assumed in
    connection with an acquisition in a principal amount not to
    exceed $200.0 million in the aggregate at any one time
    outstanding together with all other Indebtedness, Disqualified
    Stock
and/or
Preferred Stock issued under this clause (19) (it being
    understood that any Indebtedness, Disqualified Stock or
    Preferred Stock incurred pursuant to this clause (19) shall
    cease to be deemed incurred or outstanding for purposes of this
    clause (19) but shall be deemed incurred for the purposes
    of the first paragraph of this covenant from and after the first
    date on which such Restricted Subsidiary could have incurred
    such Indebtedness, Disqualified Stock or Preferred Stock under
    the first paragraph of this covenant without reliance on this
    clause (19));
(20) Indebtedness of the Issuer or any of its Restricted
    Subsidiaries consisting of (i) the financing of insurance
    premiums or
(ii) take-or-pay
obligations contained in supply arrangements in each case,
    incurred in the ordinary course of business; and
(21) Indebtedness consisting of Indebtedness issued by the
    Issuer or any of its Restricted Subsidiaries to current or
    former officers, directors and employees thereof, their
    respective estates, spouses or former spouses, in each case to
    finance the purchase or redemption of Equity Interests of the
    Issuer or any direct or indirect parent company of the Issuer to
    the extent described in clause (4) of the second paragraph
    under the caption "— Limitation on Restricted
    Payments."
For purposes of determining compliance with this covenant:
(1) in the event that an item of Indebtedness, Disqualified
    Stock or Preferred Stock (or any portion thereof) meets the
    criteria of more than one of the categories of permitted
    Indebtedness, Disqualified Stock or Preferred Stock described in
    clauses (1) through (21) above or is entitled to be
    incurred pursuant to the first paragraph of this covenant, the
    Issuer, in its sole discretion, will classify or reclassify such
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item of Indebtedness, Disqualified Stock or Preferred Stock (or
    any portion thereof) and will only be required to include the
    amount and type of such Indebtedness, Disqualified Stock or
    Preferred Stock in one of the above clauses;
provided
that all Indebtedness outstanding under the Credit
    Facilities on the Issue Date will be treated as incurred on the
    Issue Date under clause (1) of the preceding
    paragraph; and
(2) at the time of incurrence, the Issuer will be entitled
    to divide and classify an item of Indebtedness in more than one
    of the types of Indebtedness described in the first and second
    paragraphs above.
Accrual of interest, the accretion of accreted value and the
    payment of interest in the form of additional Indebtedness,
    Disqualified Stock or Preferred Stock will not be deemed to be
    an incurrence of Indebtedness, Disqualified Stock or Preferred
    Stock for purposes of this covenant.
For purposes of determining compliance with any
    U.S. dollar-denominated restriction on the incurrence of
    Indebtedness, the U.S. dollar-equivalent principal amount
    of Indebtedness denominated in a foreign currency shall be
    calculated based on the relevant currency exchange rate in
    effect on the date such Indebtedness was incurred, in the case
    of term debt, or first committed, in the case of revolving
    credit debt;
provided
that if such Indebtedness is
    incurred to refinance other Indebtedness denominated in a
    foreign currency, and such refinancing would cause the
    applicable U.S. dollar denominated restriction to be
    exceeded if calculated at the relevant currency exchange rate in
    effect on the date of such refinancing, such
U.S. dollar-denominated
restriction shall be deemed not to have been exceeded so long as
    the principal amount of such refinancing Indebtedness does not
    exceed the principal amount of such Indebtedness being
    refinanced.
The principal amount of any Indebtedness incurred to refinance
    other Indebtedness, if incurred in a different currency from the
    Indebtedness being refinanced, shall be calculated based on the
    currency exchange rate applicable to the currencies in which
    such respective Indebtedness is denominated that is in effect on
    the date of such refinancing.
The Indenture will provide that the Issuer will not, and will
    not permit any Guarantor to, directly or indirectly, incur any
    Indebtedness (including Acquired Indebtedness) that is
    subordinated or junior in right of payment to any Indebtedness
    of the Issuer or such Guarantor, as the case may be, unless such
    Indebtedness is expressly subordinated in right of payment to
    the Senior Notes or such Guarantor's Guarantee to the
    extent and in the same manner as such Indebtedness is
    subordinated to other Indebtedness of the Issuer or such
    Guarantor, as the case may be.
The Indenture will not treat (1) unsecured Indebtedness as
    subordinated or junior to Secured Indebtedness merely because it
    is unsecured or (2) Senior Indebtedness as subordinated or
    junior to any other Senior Indebtedness merely because it has a
    junior priority with respect to the same collateral.
Liens
The Issuer will not, and will not permit any Guarantor to,
    directly or indirectly, create, incur, assume or suffer to exist
    any Lien (except Permitted Liens) that secures obligations under
    any Indebtedness or any related Guarantee, on any asset or
    property of the Issuer or any Guarantor, or any income or
    profits therefrom, or assign or convey any right to receive
    income therefrom, unless:
(1) in the case of Liens securing Subordinated
    Indebtedness, the Senior Notes and related Guarantees are
    secured by a Lien on such property, assets or proceeds that is
    senior in priority to such Liens; or
(2) in all other cases, the Senior Notes or the Guarantees
    are equally and ratably secured, except that the foregoing shall
    not apply to (a) Liens securing the Senior Notes and the
    related Guarantees, (b) Liens securing Indebtedness
    permitted to be incurred under Credit Facilities, including any
    letter of credit facility relating thereto, that was permitted
    by the terms of the Indenture to be incurred pursuant to
    clause (1) of the second paragraph under
    "— Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock" and
    (c) Liens incurred to secure Obligations in respect of any
    Indebtedness permitted to be incurred pursuant to the covenant
    described above under "— Limitation on Incurrence
    of Indebtedness and Issuance of Disqualified Stock and Preferred
    Stock";
provided
that, with
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respect to Liens securing Obligations permitted under this
    subclause (c), at the time of incurrence and after giving
pro
    forma
effect thereto, the Consolidated Secured Debt Ratio
    would be no greater than 4.0 to 1.0.
Merger,
    Consolidation or Sale of All or Substantially All
    Assets
The Issuer may not consolidate or merge with or into or wind up
    into (whether or not the Issuer is the surviving corporation),
    or sell, assign, transfer, lease, convey or otherwise dispose of
    all or substantially all of its properties or assets, in one or
    more related transactions, to any Person unless:
(1) the Issuer is the surviving corporation or the Person
    formed by or surviving any such consolidation or merger (if
    other than the Issuer) or to which such sale, assignment,
    transfer, lease, conveyance or other disposition will have been
    made is a corporation organized or existing under the laws of
    the jurisdiction of organization of the Issuer or the laws of
    the United States, any state thereof, the District of Columbia,
    or any territory thereof (such Person, as the case may be, being
    herein called the "
Successor Company
");
(2) the Successor Company, if other than the Issuer,
    expressly assumes all the obligations of the Issuer under the
    Senior Notes pursuant to supplemental indentures or other
    documents or instruments in form reasonably satisfactory to the
    Trustee;
(3) immediately after such transaction, no Default exists;
(4) immediately after giving
pro forma
effect to
    such transaction and any related financing transactions, as if
    such transactions had occurred at the beginning of the
    applicable four-quarter period,
(a) the Successor Company would be permitted to incur at
    least $1.00 of additional Indebtedness pursuant to the Fixed
    Charge Coverage Ratio test set forth in the first sentence of
    the covenant described under "— Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock," or
(b) the Fixed Charge Coverage Ratio for the Successor
    Company, the Issuer and its Restricted Subsidiaries would be
    greater than such Ratio for the Issuer and its Restricted
    Subsidiaries immediately prior to such transaction;
(5) each Guarantor, unless it is the other party to the
    transactions described above, in which case clause (b) of
    the second succeeding paragraph shall apply, shall have by
    supplemental indenture confirmed that its Guarantee shall apply
    to such Person's obligations under the Indenture, the
    Senior Notes and the Registration Rights Agreement; and
(6) the Issuer shall have delivered to the Trustee an
    Officer's Certificate and an Opinion of Counsel, each
    stating that such consolidation, merger or transfer and such
    supplemental indentures, if any, comply with the Indenture.
The Successor Company will succeed to, and be substituted for
    the Issuer, as the case may be, under the Indenture, the
    Guarantees and the Senior Notes, as applicable. Notwithstanding
    the foregoing clauses (3) and (4),
(1) any Restricted Subsidiary may consolidate with or merge
    into or transfer all or part of its properties and assets to the
    Issuer, and
(2) the Issuer may merge with an Affiliate of the Issuer,
    as the case may be, solely for the purpose of reincorporating
    the Issuer in a State of the United States so long as the amount
    of Indebtedness of the Issuer and its Restricted Subsidiaries is
    not increased thereby.
Subject to certain limitations described in the Indenture
    governing release of a Guarantee upon the sale, disposition or
    transfer of a guarantor, no Guarantor will, and the Issuer will
    not permit any Guarantor to, consolidate or merge with or into
    or wind up into (whether or not the Issuer or Guarantor is the
    surviving
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corporation), or sell, assign, transfer, lease, convey or
    otherwise dispose of all or substantially all of its properties
    or assets, in one or more related transactions, to any Person
    unless:
(1)(a) such Guarantor is the surviving corporation or the Person
    formed by or surviving any such consolidation or merger (if
    other than such Guarantor) or to which such sale, assignment,
    transfer, lease, conveyance or other disposition will have been
    made is a corporation organized or existing under the laws of
    the jurisdiction of organization of such Guarantor, as the case
    may be, or the laws of the United States, any state thereof, the
    District of Columbia, or any territory thereof (such Guarantor
    or such Person, as the case may be, being herein called the
    "
Successor Person
");
(b) the Successor Person, if other than such Guarantor,
    expressly assumes all the obligations of such Guarantor under
    the Indenture and such Guarantor's related Guarantee
    pursuant to supplemental indentures or other documents or
    instruments in form reasonably satisfactory to the Trustee;
(c) immediately after such transaction, no Default
    exists; and
(d) the Issuer shall have delivered to the Trustee an
    Officer's Certificate and an Opinion of Counsel, each
    stating that such consolidation, merger or transfer and such
    supplemental indentures, if any, comply with the Indenture; or
(2) the transaction is made in compliance with the covenant
    described under "Repurchase at the Option of
    Holders — Asset Sales."
Subject to certain limitations described in the Indenture, the
    Successor Person will succeed to, and be substituted for, such
    Guarantor under the Indenture and such Guarantor's
    Guarantee. Notwithstanding the foregoing, any Guarantor may
    merge into or transfer all or part of its properties and assets
    to another Guarantor or the Issuer.
Transactions
    with Affiliates
The Issuer will not, and will not permit any of its Restricted
    Subsidiaries to, make any payment to, or sell, lease, transfer
    or otherwise dispose of any of its properties or assets to, or
    purchase any property or assets from, or enter into or make or
    amend any transaction, contract, agreement, understanding, loan,
    advance or guarantee with, or for the benefit of, any Affiliate
    of the Issuer (each of the foregoing, an "
Affiliate
    Transaction
") involving aggregate payments or
    consideration in excess of $20.0 million, unless:
(1) such Affiliate Transaction is on terms that are not
    materially less favorable to the Issuer or its relevant
    Restricted Subsidiary than those that would have been obtained
    in a comparable transaction by the Issuer or such Restricted
    Subsidiary with an unrelated Person on an arm's-length
    basis; and
(2) the Issuer delivers to the Trustee with respect to any
    Affiliate Transaction or series of related Affiliate
    Transactions involving aggregate payments or consideration in
    excess of $50.0 million, a resolution adopted by the
    majority of the board of directors of the Issuer approving such
    Affiliate Transaction and set forth in an Officer's
    Certificate certifying that such Affiliate Transaction complies
    with clause (1) above.
The foregoing provisions will not apply to the following:
(1) transactions between or among the Issuer or any of its
    Restricted Subsidiaries;
(2) Restricted Payments permitted by the provisions of the
    Indenture described above under the covenant
    "— Limitation on Restricted Payments" and
    the definition of "Permitted Investments";
(3) the payment of management, consulting, monitoring and
    advisory fees and related expenses to the Investors pursuant to
    the Sponsor Management Agreement in an aggregate amount in any
    fiscal year not to exceed 1% of EBITDA for such fiscal year
    (calculated, solely for the purpose of this clause (3), assuming
    (a) that such fees and related expenses had not been paid,
    when calculating Net Income, and (b) without giving effect
    to clause (h) of the definition of EBITDA) (plus any unpaid
    management, consulting, monitoring and advisory fees and related
    expenses within such amount accrued in any prior
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year) and the termination fees pursuant to the Sponsor
    Management Agreement not to exceed the amount set forth in the
    Sponsor Management Agreement as in effect on the Issue Date;
(4) the payment of reasonable and customary fees paid to,
    and indemnities provided on behalf of, officers, directors,
    employees or consultants of Issuer, any of its direct or
    indirect parent companies or any of its Restricted Subsidiaries;
(5) transactions in which the Issuer or any of its
    Restricted Subsidiaries, as the case may be, delivers to the
    Trustee a letter from an Independent Financial Advisor stating
    that such transaction is fair to the Issuer or such Restricted
    Subsidiary from a financial point of view or stating that the
    terms are not materially less favorable to the Issuer or its
    relevant Restricted Subsidiary than those that would have been
    obtained in a comparable transaction by the Issuer or such
    Restricted Subsidiary with an unrelated Person on an
    arm's-length basis;
(6) any agreement as in effect as of the Issue Date, or any
    amendment thereto (so long as any such amendment is not
    disadvantageous to the Holders when taken as a whole as compared
    to the applicable agreement as in effect on the Issue Date);
(7) the existence of, or the performance by the Issuer or
    any of its Restricted Subsidiaries of its obligations under the
    terms of, any stockholders agreement (including any registration
    rights agreement or purchase agreement related thereto) to which
    it is a party as of the Issue Date and any similar agreements
    which it may enter into thereafter;
provided
,
however
, that the existence of, or the performance by the
    Issuer or any of its Restricted Subsidiaries of obligations
    under any future amendment to any such existing agreement or
    under any similar agreement entered into after the Issue Date
    shall only be permitted by this clause (7) to the extent
    that the terms of any such amendment or new agreement are not
    otherwise disadvantageous to the Holders when taken as a whole;
(8) the Transaction and the payment of all fees and
    expenses related to the Transaction, in each case as described
    in this offering circular;
(9) transactions with customers, clients, suppliers, or
    purchasers or sellers of goods or services, in each case in the
    ordinary course of business and otherwise in compliance with the
    terms of the Indenture which are fair to the Issuer and its
    Restricted Subsidiaries, in the reasonable determination of the
    board of directors of the Issuer or the senior management
    thereof, or are on terms at least as favorable as might
    reasonably have been obtained at such time from an unaffiliated
    party;
(10) the issuance of Equity Interests (other than
    Disqualified Stock) of the Issuer to any Permitted Holder or to
    any director, officer, employee or consultant;
(11) sales of accounts receivable, or participations
    therein, in connection with any Receivables Facility;
(12) payments by the Issuer or any of its Restricted
    Subsidiaries to any of the Investors made for any financial
    advisory, financing, underwriting or placement services or in
    respect of other investment banking activities, including,
    without limitation, in connection with acquisitions or
    divestitures which payments are approved by a majority of the
    board of directors of the Issuer in good faith;
(13) payments or loans (or cancellation of loans) to
    employees or consultants of the Issuer, any of its direct or
    indirect parent companies or any of its Restricted Subsidiaries
    and employment agreements, stock option plans and other similar
    arrangements with such employees or consultants which, in each
    case, are approved by the Issuer in good faith; and
(14) investments by the Investors in securities of the
    Issuer or any of its Restricted Subsidiaries so long as
    (i) the investment is being offered generally to other
    investors on the same or more favorable terms and (ii) the
    investment constitutes less than 5% of the proposed or
    outstanding issue amount of such class of securities.
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Dividend
    and Other Payment Restrictions Affecting Restricted
    Subsidiaries
The Issuer will not, and will not permit any of its Restricted
    Subsidiaries that are not Guarantors to, directly or indirectly,
    create or otherwise cause or suffer to exist or become effective
    any consensual encumbrance or consensual restriction on the
    ability of any such Restricted Subsidiary to:
(1)(a) pay dividends or make any other distributions to the
    Issuer or any of its Restricted Subsidiaries on its Capital
    Stock or with respect to any other interest or participation in,
    or measured by, its profits, or
(b) pay any Indebtedness owed to the Issuer or any of its
    Restricted Subsidiaries;
(2) make loans or advances to the Issuer or any of its
    Restricted Subsidiaries; or
(3) sell, lease or transfer any of its properties or assets
    to the Issuer or any of its Restricted Subsidiaries,
except (in each case) for such encumbrances or restrictions
    existing under or by reason of:
(a) contractual encumbrances or restrictions in effect on
    the Issue Date, including pursuant to the Senior Credit
    Facilities and the related documentation and the indentures
    governing the Existing Senior Notes, the Existing Senior Secured
    Notes and the Existing Senior Subordinated Notes and the related
    documentation;
(b) the Indenture and the Senior Notes;
(c) purchase money obligations for property acquired in the
    ordinary course of business that impose restrictions of the
    nature discussed in clause (3) above on the property so
    acquired;
(d) applicable law or any applicable rule, regulation or
    order;
(e) any agreement or other instrument of a Person acquired
    by the Issuer or any of its Restricted Subsidiaries in existence
    at the time of such acquisition (but not created in
    contemplation thereof), which encumbrance or restriction is not
    applicable to any Person, or the properties or assets of any
    Person, other than the Person and its Subsidiaries, or the
    property or assets of the Person and its Subsidiaries, so
    acquired;
(f) contracts for the sale of assets, including customary
    restrictions with respect to a Subsidiary of the Issuer pursuant
    to an agreement that has been entered into for the sale or
    disposition of all or substantially all of the Capital Stock or
    assets of such Subsidiary;
(g) Secured Indebtedness otherwise permitted to be incurred
    pursuant to the covenants described under
    "— Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock" and
    "— Liens" that limit the right of the debtor
    to dispose of the assets securing such Indebtedness;
(h) restrictions on cash or other deposits or net worth
    imposed by customers under contracts entered into in the
    ordinary course of business;
(i) other Indebtedness, Disqualified Stock or Preferred
    Stock of Foreign Subsidiaries permitted to be incurred
    subsequent to the Issue Date pursuant to the provisions of the
    covenant described under "— Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock";
(j) customary provisions in joint venture agreements and
    other similar agreements relating solely to such joint venture;
(k) customary provisions contained in leases or licenses of
    intellectual property and other agreements, in each case,
    entered into in the ordinary course of business;
(l) any encumbrances or restrictions of the type referred
    to in clauses (1), (2) and (3) above imposed by any
    amendments, modifications, restatements, renewals, increases,
    supplements, refundings, replacements or refinancings of the
    contracts, instruments or obligations referred to in
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clauses (a) through (k) above;
provided
that
    such amendments, modifications, restatements, renewals,
    increases, supplements, refundings, replacements or refinancings
    are, in the good faith judgment of the Issuer, no more
    restrictive with respect to such encumbrance and other
    restrictions taken as a whole than those prior to such
    amendment, modification, restatement, renewal, increase,
    supplement, refunding, replacement or refinancing; and
(m) restrictions created in connection with any Receivables
    Facility that, in the good faith determination of the Issuer are
    necessary or advisable to effect such Receivables Facility.
Limitation
    on Guarantees of Indebtedness by Restricted
    Subsidiaries
The Issuer will not permit any of its Wholly Owned Subsidiaries
    that are Restricted Subsidiaries (and non-Wholly Owned
    Subsidiaries if such non-Wholly Owned Subsidiaries guarantee
    other capital markets debt securities), other than a Guarantor
    or a Foreign Subsidiary, to guarantee the payment of any
    Indebtedness of the Issuer or any other Guarantor unless:
(1) such Restricted Subsidiary within 30 days executes
    and delivers a supplemental indenture to the Indenture providing
    for a Guarantee by such Restricted Subsidiary, except that with
    respect to a guarantee of Indebtedness of the Issuer or any
    Guarantor:
(a) if the Senior Notes or such Guarantor's Guarantee
    are subordinated in right of payment to such Indebtedness, the
    Guarantee under the supplemental indenture shall be subordinated
    to such Restricted Subsidiary's guarantee with respect to
    such Indebtedness substantially to the same extent as the Senior
    Notes are subordinated to such Indebtedness; and
(b) if such Indebtedness is by its express terms
    subordinated in right of payment to the Senior Notes or such
    Guarantor's Guarantee, any such guarantee by such
    Restricted Subsidiary with respect to such Indebtedness shall be
    subordinated in right of payment to such Guarantee substantially
    to the same extent as such Indebtedness is subordinated to the
    Senior Notes;
(2) such Restricted Subsidiary waives and will not in any
    manner whatsoever claim or take the benefit or advantage of, any
    rights of reimbursement, indemnity or subrogation or any other
    rights against the Issuer or any other Restricted Subsidiary as
    a result of any payment by such Restricted Subsidiary under its
    Guarantee; and
(3) such Restricted Subsidiary shall deliver to the Trustee
    an Opinion of Counsel to the effect that:
(a) such Guarantee has been duly executed and
    authorized; and
(b) such Guarantee constitutes a valid, binding and
    enforceable obligation of such Restricted Subsidiary, except
    insofar as enforcement thereof may be limited by bankruptcy,
    insolvency or similar laws (including, without limitation, all
    laws relating to fraudulent transfers) and except insofar as
    enforcement thereof is subject to general principles of equity;
provided
that this covenant shall not be applicable to
    any guarantee of any Restricted Subsidiary that existed at the
    time such Person became a Restricted Subsidiary and was not
    incurred in connection with, or in contemplation of, such Person
    becoming a Restricted Subsidiary.
Reports
    and Other Information
Notwithstanding that the Issuer may not be subject to the
    reporting requirements of Section 13 or 15(d) of the
    Exchange Act or otherwise report on an annual and quarterly
    basis on forms provided for such annual and quarterly reporting
    pursuant to rules and regulations promulgated by the SEC, the
    Indenture will require the Issuer to file with the SEC (and make
    available to the Trustee and Holders of the Senior Notes
    (without exhibits), without cost to any Holder, within
    15 days after it files them with the SEC) from and after
    the Issue Date,
(1) within 90 days (or any other time period then in
    effect under the rules and regulations of the Exchange Act with
    respect to the filing of a
Form 10-K
by a non-accelerated filer) after the end of each
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fiscal year, annual reports on
Form 10-K,
or any successor or comparable form, containing the information
    required to be contained therein, or required in such successor
    or comparable form;
(2) within 45 days after the end of each of the first
    three fiscal quarters of each fiscal year, reports on
Form 10-Q
containing all quarterly information that would be required to
    be contained in
Form 10-Q,
or any successor or comparable form;
(3) promptly from time to time after the occurrence of an
    event required to be therein reported, such other reports on
Form 8-K,
or any successor or comparable form; and
(4) any other information, documents and other reports
    which the Issuer would be required to file with the SEC if it
    were subject to Section 13 or 15(d) of the Exchange Act;
in each case, in a manner that complies in all material respects
    with the requirements specified in such form;
provided
that the Issuer shall not be so obligated to file such
    reports with the SEC if the SEC does not permit such filing, in
    which event the Issuer will make available such information to
    prospective purchasers of Senior Notes, in addition to providing
    such information to the Trustee and the Holders of the Senior
    Notes, in each case within 15 days after the time the
    Issuer would be required to file such information with the SEC,
    if it were subject to Sections 13 or 15(d) of the Exchange
    Act. In addition, to the extent not satisfied by the foregoing,
    the Issuer will agree that, for so long as any Senior Notes are
    outstanding, it will furnish to Holders and to securities
    analysts and prospective investors, upon their request, the
    information required to be delivered pursuant to
    Rule 144A(d)(4) under the Securities Act.
In the event that any direct or indirect parent company of the
    Issuer becomes a guarantor of the Senior Notes, the Indenture
    will permit the Issuer to satisfy its obligations in this
    covenant with respect to financial information relating to the
    Issuer by furnishing financial information relating to such
    parent;
provided
that the same is accompanied by
    consolidating information that explains in reasonable detail the
    differences between the information relating to such parent, on
    the one hand, and the information relating to the Issuer and its
    Restricted Subsidiaries on a standalone basis, on the other hand.
Notwithstanding the foregoing, such requirements shall be deemed
    satisfied prior to the commencement of the exchange offer or the
    effectiveness of the shelf registration statement by the filing
    with the SEC of the exchange offer registration statement or
    shelf registration statement, and any amendments thereto, with
    such financial information that satisfies
Regulation S-X
of the Securities Act.
Events of
    Default and Remedies
The Indenture will provide that each of the following is an
    Event of Default:
(1) default in payment when due and payable, upon
    redemption, acceleration or otherwise, of principal of, or
    premium, if any, on the Senior Notes;
(2) default for 30 days or more in the payment when
    due of interest or Additional Interest on or with respect to the
    Senior Notes;
(3) failure by the Issuer or any Guarantor for 60 days
    after receipt of written notice given by the Trustee or the
    Holders of not less 30% in principal amount of the Senior Notes
    to comply with any of its obligations, covenants or agreements
    (other than a default referred to in clauses (1) and
    (2) above) contained in the Indenture or the Senior Notes;
(4) default under any mortgage, indenture or instrument
    under which there is issued or by which there is secured or
    evidenced any Indebtedness for money borrowed by the Issuer or
    any of its Restricted Subsidiaries or the payment of which is
    guaranteed by the Issuer or any of its Restricted Subsidiaries,
    other than Indebtedness owed to the Issuer or a Restricted
    Subsidiary, whether such Indebtedness or guarantee now exists or
    is created after the issuance of the Senior Notes, if both:
(a) such default either results from the failure to pay any
    principal of such Indebtedness at its stated final maturity
    (after giving effect to any applicable grace periods) or relates
    to an obligation other than the obligation to pay principal of
    any such Indebtedness at its stated final maturity and
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results in the holder or holders of such Indebtedness causing
    such Indebtedness to become due prior to its stated
    maturity; and
(b) the principal amount of such Indebtedness, together
    with the principal amount of any other such Indebtedness in
    default for failure to pay principal at stated final maturity
    (after giving effect to any applicable grace periods), or the
    maturity of which has been so accelerated, aggregate
    $100.0 million or more at any one time outstanding;
(5) failure by the Issuer or any Significant Subsidiary to
    pay final judgments aggregating in excess of
    $100.0 million, which final judgments remain unpaid,
    undischarged and unstayed for a period of more than 60 days
    after such judgment becomes final, and in the event such
    judgment is covered by insurance, an enforcement proceeding has
    been commenced by any creditor upon such judgment or decree
    which is not promptly stayed;
(6) certain events of bankruptcy or insolvency with respect
    to the Issuer or any Significant Subsidiary; or
(7) the Guarantee of any Significant Subsidiary shall for
    any reason cease to be in full force and effect or be declared
    null and void or any responsible officer of any Guarantor that
    is a Significant Subsidiary, as the case may be, denies that it
    has any further liability under its Guarantee or gives notice to
    such effect, other than by reason of the termination of the
    Indenture or the release of any such Guarantee in accordance
    with the Indenture.
If any Event of Default (other than of a type specified in
    clause (6) above) occurs and is continuing under the
    Indenture, the Trustee or the Holders of at least 30% in
    principal amount of the then total outstanding Senior Notes may
    declare the principal, premium, if any, interest and any other
    monetary obligations on all the then outstanding Senior Notes to
    be due and payable immediately.
Upon the effectiveness of such declaration, such principal and
    interest will be due and payable immediately. Notwithstanding
    the foregoing, in the case of an Event of Default arising under
    clause (6) of the first paragraph of this section, all
    outstanding Senior Notes will become due and payable without
    further action or notice. The Indenture will provide that the
    Trustee may withhold from the Holders notice of any continuing
    Default, except a Default relating to the payment of principal,
    premium, if any, or interest, if it determines that withholding
    notice is in their interest. In addition, the Trustee shall have
    no obligation to accelerate the Senior Notes if in the best
    judgment of the Trustee acceleration is not in the best interest
    of the Holders of the Senior Notes.
The Indenture provides that the Holders of a majority in
    aggregate principal amount of the then outstanding Senior Notes
    by notice to the Trustee may on behalf of the Holders of all of
    the Senior Notes waive any existing Default and its consequences
    under the Indenture except a continuing Default in the payment
    of interest on, premium, if any, or the principal of any Senior
    Note held by a non-consenting Holder. In the event of any Event
    of Default specified in clause (4) above, such Event of
    Default and all consequences thereof (excluding any resulting
    payment default, other than as a result of acceleration of the
    Senior Notes) shall be annulled, waived and rescinded,
    automatically and without any action by the Trustee or the
    Holders, if within 20 days after such Event of Default
    arose:
(1) the Indebtedness or guarantee that is the basis for
    such Event of Default has been discharged; or
(2) holders thereof have rescinded or waived the
    acceleration, notice or action (as the case may be) giving rise
    to such Event of Default; or
(3) the default that is the basis for such Event of Default
    has been cured.
Subject to the provisions of the Indenture relating to the
    duties of the Trustee thereunder, in case an Event of Default
    occurs and is continuing, the Trustee will be under no
    obligation to exercise any of the rights or powers under the
    Indenture at the request or direction of any of the Holders of
    the Senior Notes unless the Holders have offered to the Trustee
    reasonable indemnity or security against any loss, liability or
    expense.
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Except to enforce the right to receive payment of principal,
    premium (if any) or interest when due, no Holder of a Senior
    Note may pursue any remedy with respect to the Indenture or the
    Senior Notes unless:
(1) such Holder has previously given the Trustee notice
    that an Event of Default is continuing;
(2) Holders of at least 30% in principal amount of the
    total outstanding Senior Notes have requested the Trustee to
    pursue the remedy;
(3) Holders of the Senior Notes have offered the Trustee
    reasonable security or indemnity against any loss, liability or
    expense;
(4) the Trustee has not complied with such request within
    60 days after the receipt thereof and the offer of security
    or indemnity; and
(5) Holders of a majority in principal amount of the total
    outstanding Senior Notes have not given the Trustee a direction
    inconsistent with such request within such
60-day
period.
Subject to certain restrictions, under the Indenture the Holders
    of a majority in principal amount of the total outstanding
    Senior Notes are given the right to direct the time, method and
    place of conducting any proceeding for any remedy available to
    the Trustee or of exercising any trust or power conferred on the
    Trustee. The Trustee, however, may refuse to follow any
    direction that conflicts with law or the Indenture or that the
    Trustee determines is unduly prejudicial to the rights of any
    other Holder of a Senior Note or that would involve the Trustee
    in personal liability.
The Indenture will provide that the Issuer is required to
    deliver to the Trustee annually a statement regarding compliance
    with the Indenture, and the Issuer is required, within five
    Business Days, upon becoming aware of any Default, to deliver to
    the Trustee a statement specifying such Default.
No
    Personal Liability of Directors, Officers, Employees and
    Stockholders
No director, officer, employee, incorporator or stockholder of
    the Issuer or any Guarantor or any of their parent companies
    shall have any liability for any obligations of the Issuer or
    the Guarantors under the Senior Notes, the Guarantees, the
    Indenture or the escrow agreement or for any claim based on, in
    respect of, or by reason of such obligations or their creation.
    Each Holder by accepting Senior Notes waives and releases all
    such liability. The waiver and release are part of the
    consideration for issuance of the Senior Notes. Such waiver may
    not be effective to waive liabilities under the federal
    securities laws and it is the view of the SEC that such a waiver
    is against public policy.
Legal
    Defeasance and Covenant Defeasance
The obligations of the Issuer and the Guarantors under the
    Indenture will terminate (other than certain obligations) and
    will be released upon payment in full of all of the Senior
    Notes. The Issuer may, at its option and at any time, elect to
    have all of its obligations discharged with respect to the
    Senior Notes and have the Issuer and each Guarantor's
    obligation discharged with respect to its Guarantee
    ("
Legal Defeasance
") and cure all then existing
    Events of Default except for:
(1) the rights of Holders of Senior Notes to receive
    payments in respect of the principal of, premium, if any, and
    interest on the Senior Notes when such payments are due solely
    out of the trust created pursuant to the Indenture;
(2) the Issuer's obligations with respect to Senior
    Notes concerning issuing temporary Senior Notes, registration of
    such Senior Notes, mutilated, destroyed, lost or stolen Senior
    Notes and the maintenance of an office or agency for payment and
    money for security payments held in trust;
(3) the rights, powers, trusts, duties and immunities of
    the Trustee, and the Issuer's obligations in connection
    therewith; and
(4) the Legal Defeasance provisions of the Indenture.
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In addition, the Issuer may, at its option and at any time,
    elect to have its obligations and those of each Guarantor
    released with respect to certain covenants that are described in
    the Indenture ("
Covenant Defeasance
") and
    thereafter any omission to comply with such obligations shall
    not constitute a Default with respect to the Senior Notes. In
    the event Covenant Defeasance occurs, certain events (not
    including bankruptcy, receivership, rehabilitation and
    insolvency events pertaining to the Issuer) described under
    "Events of Default and Remedies" will no longer
    constitute an Event of Default with respect to the Senior Notes.
In order to exercise either Legal Defeasance or Covenant
    Defeasance with respect to the Senior Notes:
(1) the Issuer must irrevocably deposit with the Trustee,
    in trust, for the benefit of the Holders of the Senior Notes,
    cash in U.S. dollars, Government Securities, or a
    combination thereof, in such amounts as will be sufficient, in
    the opinion of a nationally recognized firm of independent
    public accountants, to pay the principal of, premium, if any,
    and interest due on the Senior Notes on the stated maturity date
    or on the redemption date, as the case may be, of such
    principal, premium, if any, or interest on such Senior Notes and
    the Issuer must specify whether such Senior Notes are being
    defeased to maturity or to a particular redemption date;
(2) in the case of Legal Defeasance, the Issuer shall have
    delivered to the Trustee an Opinion of Counsel reasonably
    acceptable to the Trustee confirming that, subject to customary
    assumptions and exclusions,
(a) the Issuer has received from, or there has been
    published by, the United States Internal Revenue Service a
    ruling, or
(b) since the issuance of the Senior Notes, there has been
    a change in the applicable U.S. federal income tax law,
in either case to the effect that, and based thereon such
    Opinion of Counsel shall confirm that, subject to customary
    assumptions and exclusions, the Holders of the Senior Notes will
    not recognize income, gain or loss for U.S. federal income
    tax purposes, as applicable, as a result of such Legal
    Defeasance and will be subject to U.S. federal income tax
    on the same amounts, in the same manner and at the same times as
    would have been the case if such Legal Defeasance had not
    occurred;
(3) in the case of Covenant Defeasance, the Issuer shall
    have delivered to the Trustee an Opinion of Counsel reasonably
    acceptable to the Trustee confirming that, subject to customary
    assumptions and exclusions, the Holders of the Senior Notes will
    not recognize income, gain or loss for U.S. federal income
    tax purposes as a result of such Covenant Defeasance and will be
    subject to such tax on the same amounts, in the same manner and
    at the same times as would have been the case if such Covenant
    Defeasance had not occurred;
(4) no Default (other than that resulting from borrowing
    funds to be applied to make such deposit and the granting of
    Liens in connection therewith) shall have occurred and be
    continuing on the date of such deposit;
(5) such Legal Defeasance or Covenant Defeasance shall not
    result in a breach or violation of, or constitute a default
    under the Senior Credit Facilities, the Senior Subordinated
    Notes or the indenture pursuant to which the Senior Subordinated
    Notes were issued or any other material agreement or instrument
    (other than the Indenture) to which, the Issuer or any Guarantor
    is a party or by which the Issuer or any Guarantor is bound;
(6) the Issuer shall have delivered to the Trustee an
    Opinion of Counsel to the effect that, as of the date of such
    opinion and subject to customary assumptions and exclusions
    following the deposit, the trust funds will not be subject to
    the effect of Section 547 of Title 11 of the United
    States Code;
(7) the Issuer shall have delivered to the Trustee an
    Officer's Certificate stating that the deposit was not made
    by the Issuer with the intent of defeating, hindering, delaying
    or defrauding any creditors of the Issuer or any Guarantor or
    others; and
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(8) the Issuer shall have delivered to the Trustee an
    Officer's Certificate and an Opinion of Counsel (which
    Opinion of Counsel may be subject to customary assumptions and
    exclusions) each stating that all conditions precedent provided
    for or relating to the Legal Defeasance or the Covenant
    Defeasance, as the case may be, have been complied with.
Satisfaction
    and Discharge
The Indenture will be discharged and will cease to be of further
    effect as to all Senior Notes, when either:
(1) all Senior Notes theretofore authenticated and
    delivered, except lost, stolen or destroyed Senior Notes which
    have been replaced or paid and Senior Notes for whose payment
    money has theretofore been deposited in trust, have been
    delivered to the Trustee for cancellation; or
(2)(a) all Senior Notes not theretofore delivered to the Trustee
    for cancellation have become due and payable by reason of the
    making of a notice of redemption or otherwise, will become due
    and payable within one year or are to be called for redemption
    within one year under arrangements satisfactory to the Trustee
    for the giving of notice of redemption by the Trustee in the
    name, and at the expense, of the Issuer and the Issuer or any
    Guarantor have irrevocably deposited or caused to be deposited
    with the Trustee as trust funds in trust solely for the benefit
    of the Holders of the Senior Notes, cash in U.S. dollars,
    Government Securities, or a combination thereof, in such amounts
    as will be sufficient without consideration of any reinvestment
    of interest to pay and discharge the entire indebtedness on the
    Senior Notes not theretofore delivered to the Trustee for
    cancellation for principal, premium, if any, and accrued
    interest to the date of maturity or redemption;
(b) no Default (other than that resulting from borrowing
    funds to be applied to make such deposit) with respect to the
    Indenture or the Senior Notes shall have occurred and be
    continuing on the date of such deposit or shall occur as a
    result of such deposit and such deposit will not result in a
    breach or violation of, or constitute a default under the Senior
    Credit Facilities, Senior Subordinated Notes (or the indenture
    under which the Senior Subordinated Notes are issued) or any
    other material agreement or instrument (other than the
    Indenture) to which the Issuer or any Guarantor is a party or by
    which the Issuer or any Guarantor is bound;
(c) the Issuer has paid or caused to be paid all sums
    payable by it under the Indenture; and
(d) the Issuer has delivered irrevocable instructions to
    the Trustee to apply the deposited money toward the payment of
    the Senior Notes at maturity or the redemption date, as the case
    may be.
In addition, the Issuer must deliver an Officer's
    Certificate and an Opinion of Counsel to the Trustee stating
    that all conditions precedent to satisfaction and discharge have
    been satisfied.
Amendment,
    Supplement and Waiver
Except as provided in the next two succeeding paragraphs, the
    Indenture, any Guarantee and the Senior Notes may be amended or
    supplemented with the consent of the Holders of at least a
    majority in principal amount of the Senior Notes then
    outstanding, including consents obtained in connection with a
    purchase of, or tender offer or exchange offer for, Senior
    Notes, and any existing Default or compliance with any provision
    of the Indenture or the Senior Notes issued thereunder may be
    waived with the consent of the Holders of a majority in
    principal amount of the then outstanding Senior Notes, other
    than Senior Notes beneficially owned by the Issuer or its
    Affiliates (including consents obtained in connection with a
    purchase of or tender offer or exchange offer for the Senior
    Notes).
The Indenture will provide that, without the consent of each
    affected Holder of Senior Notes, an amendment or waiver may not,
    with respect to any Senior Notes held by a non-consenting Holder:
(1) reduce the principal amount of such Senior Notes whose
    Holders must consent to an amendment, supplement or waiver;
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(2) reduce the principal of or change the fixed final
    maturity of any such Senior Note or alter or waive the
    provisions with respect to the redemption of such Senior Notes
    (other than provisions relating to the covenants described above
    under the caption "Repurchase at the Option of
    Holders");
(3) reduce the rate of or change the time for payment of
    interest on any Senior Note;
(4) waive a Default in the payment of principal of or
    premium, if any, or interest on the Senior Notes, except a
    rescission of acceleration of the Senior Notes by the Holders of
    at least a majority in aggregate principal amount of the Senior
    Notes and a waiver of the payment default that resulted from
    such acceleration, or in respect of a covenant or provision
    contained in the Indenture or any Guarantee which cannot be
    amended or modified without the consent of all Holders;
(5) make any Senior Note payable in money other than that
    stated therein;
(6) make any change in the provisions of the Indenture
    relating to waivers of past Defaults or the rights of Holders to
    receive payments of principal of or premium, if any, or interest
    on the Senior Notes;
(7) make any change in these amendment and waiver
    provisions;
(8) impair the right of any Holder to receive payment of
    principal of, or interest on such Holder's Senior Notes on
    or after the due dates therefor or to institute suit for the
    enforcement of any payment on or with respect to such
    Holder's Senior Notes;
(9) make any change to or modify the ranking of the Senior
    Notes that would adversely affect the Holders; or
(10) except as expressly permitted by the Indenture, modify
    the Guarantees of any Significant Subsidiary in any manner
    adverse to the Holders of the Senior Notes.
Notwithstanding the foregoing, the Issuer, any Guarantor (with
    respect to a Guarantee or the Indenture to which it is a party)
    and the Trustee may amend or supplement the Indenture and any
    Guarantee or Senior Notes without the consent of any Holder;
(1) to cure any ambiguity, omission, mistake, defect or
    inconsistency;
(2) to provide for uncertificated Senior Notes of such
    series in addition to or in place of certificated Senior Notes;
(3) to comply with the covenant relating to mergers,
    consolidations and sales of assets;
(4) to provide the assumption of the Issuer's or any
    Guarantor's obligations to the Holders;
(5) to make any change that would provide any additional
    rights or benefits to the Holders or that does not adversely
    affect the legal rights under the Indenture of any such Holder;
(6) to add covenants for the benefit of the Holders or to
    surrender any right or power conferred upon the Issuer or any
    Guarantor;
(7) to comply with requirements of the SEC in order to
    effect or maintain the qualification of the Indenture under the
    Trust Indenture Act;
(8) to evidence and provide for the acceptance and
    appointment under the Indenture of a successor Trustee
    thereunder pursuant to the requirements thereof;
(9) to provide for the issuance of exchange notes or
    private exchange notes, which are identical to exchange notes
    except that they are not freely transferable;
(10) to add a Guarantor under the Indenture;
(11) to conform the text of the Indenture, Guarantees or
    the Senior Notes to any provision of this "Description of
    Notes" to the extent that such provision in this
    "Description of Notes" was intended to be a verbatim
    recitation of a provision of the Indenture, Guarantee or Senior
    Notes; or
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(12) making any amendment to the provisions of the
    Indenture relating to the transfer and legending of Senior Notes
    as permitted by the Indenture, including, without limitation to
    facilitate the issuance and administration of the Senior Notes;
provided
,
however
, that (i) compliance with
    the Indenture as so amended would not result in Senior Notes
    being transferred in violation of the Securities Act or any
    applicable securities law and (ii) such amendment does not
    materially and adversely affect the rights of Holders to
    transfer Senior Notes.
The consent of the Holders is not necessary under the Indenture
    to approve the particular form of any proposed amendment. It is
    sufficient if such consent approves the substance of the
    proposed amendment.
Notices
Notices given by publication will be deemed given on the first
    date on which publication is made and notices given by
    first-class mail, postage prepaid, will be deemed given five
    calendar days after mailing.
Concerning
    the Trustee
The Indenture will contain certain limitations on the rights of
    the Trustee thereunder, should it become a creditor of the
    Issuer, to obtain payment of claims in certain cases, or to
    realize on certain property received in respect of any such
    claim as security or otherwise. The Trustee will be permitted to
    engage in other transactions; however, if it acquires any
    conflicting interest it must eliminate such conflict within
    90 days, apply to the SEC for permission to continue or
    resign.
The Indenture will provide that the Holders of a majority in
    principal amount of the outstanding Senior Notes will have the
    right to direct the time, method and place of conducting any
    proceeding for exercising any remedy available to the Trustee,
    subject to certain exceptions. The Indenture will provide that
    in case an Event of Default shall occur (which shall not be
    cured), the Trustee will be required, in the exercise of its
    power, to use the degree of care of a prudent person in the
    conduct of his own affairs. Subject to such provisions, the
    Trustee will be under no obligation to exercise any of its
    rights or powers under the Indenture at the request of any
    Holder of the Senior Notes, unless such Holder shall have
    offered to the Trustee security and indemnity satisfactory to it
    against any loss, liability or expense.
Governing
    Law
The Indenture, the Senior Notes and any Guarantee will be
    governed by and construed in accordance with the laws of the
    State of New York.
Certain
    Definitions
Set forth below are certain defined terms used in the Indenture.
    For purposes of the Indenture, unless otherwise specifically
    indicated, the term "consolidated" with respect to any
    Person refers to such Person consolidated with its Restricted
    Subsidiaries, and excludes from such consolidation any
    Unrestricted Subsidiary as if such Unrestricted Subsidiary were
    not an Affiliate of such Person.
"
Acquired Indebtedness
" means, with respect to
    any specified Person,
(1) Indebtedness of any other Person existing at the time
    such other Person is merged with or into or became a Restricted
    Subsidiary of such specified Person, including Indebtedness
    incurred in connection with, or in contemplation of, such other
    Person merging with or into or becoming a Restricted Subsidiary
    of such specified Person, and
(2) Indebtedness secured by a Lien encumbering any asset
    acquired by such specified Person.
"
Acquisition
" means the transactions
    contemplated by the Transaction Agreement.
"
Additional Interest
" means all additional
    interest then owing pursuant to the Registration Rights
    Agreement.
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"
Affiliate
" of any specified Person means any
    other Person directly or indirectly controlling or controlled by
    or under direct or indirect common control with such specified
    Person. For purposes of this definition, "control"
    (including, with correlative meanings, the terms
    "controlling," "controlled by" and
    "under common control with"), as used with respect to
    any Person, shall mean the possession, directly or indirectly,
    of the power to direct or cause the direction of the management
    or policies of such Person, whether through the ownership of
    voting securities, by agreement or otherwise.
"
Applicable Premium
" means, with respect to any
    Senior Note on any Redemption Date, the greater of:
(1) 1.0% of the principal amount of such Senior
    Note; and
(2) the excess, if any, of (a) the present value at
    such Redemption Date of (i) the redemption price of
    such Senior Note at April 1, 2012 (such redemption price
    being set forth in the table appearing above under the caption
    "Optional Redemption"), plus (ii) all required
    interest payments due on such Senior Note through April 1,
    2012 (excluding accrued but unpaid interest to the
    Redemption Date), computed using a discount rate equal to
    the Treasury Rate as of such Redemption Date plus
    50 basis points; over (b) the principal amount of such
    Senior Note.
"
Asset Sale
" means:
(1) the sale, conveyance, transfer or other disposition,
    whether in a single transaction or a series of related
    transactions, of property or assets (including by way of a Sale
    and Lease- Back Transaction) of the Issuer or any of its
    Restricted Subsidiaries (each referred to in this definition as
    a "disposition"); or
(2) the issuance or sale of Equity Interests of any
    Restricted Subsidiary, whether in a single transaction or a
    series of related transactions;
in each case, other than:
(a) any disposition of Cash Equivalents or Investment Grade
    Securities or obsolete or worn out equipment in the ordinary
    course of business or any disposition of inventory or goods (or
    other assets) held for sale in the ordinary course of business;
(b) the disposition of all or substantially all of the
    assets of the Issuer in a manner permitted pursuant to the
    provisions described above under "Certain
    Covenants — Merger, Consolidation or Sale of All or
    Substantially All Assets" or any disposition that
    constitutes a Change of Control pursuant to the Indenture;
(c) the making of any Restricted Payment or Permitted
    Investment that is permitted to be made, and is made, under the
    covenant described above under "Certain
    Covenants — Limitation on Restricted Payments";
(d) any disposition of assets or issuance or sale of Equity
    Interests of any Restricted Subsidiary in any transaction or
    series of transactions with an aggregate fair market value of
    less than $50.0 million;
(e) any disposition of property or assets or issuance of
    securities by a Restricted Subsidiary of the Issuer to the
    Issuer or by the Issuer or a Restricted Subsidiary of the Issuer
    to another Restricted Subsidiary of the Issuer;
(f) to the extent allowable under Section 1031 of the
    Internal Revenue Code of 1986, any exchange of like property
    (excluding any boot thereon) for use in a Similar Business;
(g) the lease, assignment or
sub-lease
of
    any real or personal property in the ordinary course of business;
(h) any issuance or sale of Equity Interests in, or
    Indebtedness or other securities of, an Unrestricted Subsidiary;
(i) foreclosures on assets;
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(j) sales of accounts receivable, or participations
    therein, in connection with any Receivables Facility; and
(k) any financing transaction with respect to property
    built or acquired by the Issuer or any Restricted Subsidiary
    after the Issue Date, including Sale and Lease-Back Transactions
    and asset securitizations permitted by the Indenture.
"
Business Day
" means each day which is not a
    Legal Holiday.
"
Capital Stock
" means:
(1) in the case of a corporation, corporate stock;
(2) in the case of an association or business entity, any
    and all shares, interests, participations, rights or other
    equivalents (however designated) of corporate stock;
(3) in the case of a partnership or limited liability
    company, partnership or membership interests (whether general or
    limited); and
(4) any other interest or participation that confers on a
    Person the right to receive a share of the profits and losses
    of, or distributions of assets of, the issuing Person.
"
Capitalized Lease Obligation
" means, at the
    time any determination thereof is to be made, the amount of the
    liability in respect of a capital lease that would at such time
    be required to be capitalized and reflected as a liability on a
    balance sheet (excluding the footnotes thereto) in accordance
    with GAAP.
"
Capitalized Software Expenditures
" shall mean,
    for any period, the aggregate of all expenditures (whether paid
    in cash or accrued as liabilities) by a Person and its
    Restricted Subsidiaries during such period in respect of
    purchased software or internally developed software and software
    enhancements that, in conformity with GAAP, are or are required
    to be reflected as capitalized costs on the consolidated balance
    sheet of a Person and its Restricted Subsidiaries.
"
Cash Equivalents
" means:
(1) United States dollars;
(2)(a) euro, or any national currency of any participating
    member state of the EMU; or
(b) in the case of any Foreign Subsidiary that is a
    Restricted Subsidiary, such local currencies held by them from
    time to time in the ordinary course of business;
(3) securities issued or directly and fully and
    unconditionally guaranteed or insured by the
    U.S. government or any agency or instrumentality thereof
    the securities of which are unconditionally guaranteed as a full
    faith and credit obligation of such government with maturities
    of 24 months or less from the date of acquisition;
(4) certificates of deposit, time deposits and eurodollar
    time deposits with maturities of one year or less from the date
    of acquisition, bankers' acceptances with maturities not
    exceeding one year and overnight bank deposits, in each case
    with any commercial bank having capital and surplus of not less
    than $500.0 million in the case of U.S. banks and
    $100.0 million (or the U.S. dollar equivalent as of
    the date of determination) in the case of
non-U.S. banks;
(5) repurchase obligations for underlying securities of the
    types described in clauses (3) and (4) entered into
    with any financial institution meeting the qualifications
    specified in clause (4) above;
(6) commercial paper rated at least
P-1
by
    Moody's or at least
A-1
by
    S&P and in each case maturing within 24 months after
    the date of creation thereof;
(7) marketable short-term money market and similar
    securities having a rating of at least
P-2
or
A-2
from
    either Moody's or S&P, respectively (or, if at any
    time neither Moody's nor S&P shall be rating such
    obligations, an equivalent rating from another Rating Agency)
    and in each case maturing within 24 months after the date
    of creation thereof;
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(8) investment funds investing 95% of their assets in
    securities of the types described in clauses (1) through
    (7) above;
(9) readily marketable direct obligations issued by any
    state, commonwealth or territory of the United States or any
    political subdivision or taxing authority thereof having an
    Investment Grade Rating from either Moody's or S&P
    with maturities of 24 months or less from the date of
    acquisition;
(10) Indebtedness or Preferred Stock issued by Persons with
    a rating of "A" or higher from S&P or
    "A2" or higher from Moody's with maturities of
    24 months or less from the date of acquisition; and
(11) Investments with average maturities of 12 months
    or less from the date of acquisition in money market funds rated
    AAA- (or the equivalent thereof) or better by S&P or Aaa3
    (or the equivalent thereof) or better by Moody's.
Notwithstanding the foregoing, Cash Equivalents shall include
    amounts denominated in currencies other than those set forth in
    clauses (1) and (2) above,
provided
that such
    amounts are converted into any currency listed in
    clauses (1) and (2) as promptly as practicable and in
    any event within ten Business Days following the receipt of such
    amounts.
"
Change of Control
" means the occurrence of any
    of the following:
(1) the sale, lease or transfer, in one or a series of
    related transactions, of all or substantially all of the assets
    of the Issuer and its Subsidiaries, taken as a whole, to any
    Person other than a Permitted Holder; or
(2) the Issuer becomes aware of (by way of a report or any
    other filing pursuant to Section 13(d) of the Exchange Act,
    proxy, vote, written notice or otherwise) the acquisition by any
    Person or group (within the meaning of Section 13(d)(3) or
    Section 14(d)(2) of the Exchange Act, or any successor
    provision), including any group acting for the purpose of
    acquiring, holding or disposing of securities (within the
    meaning of
Rule 13d-5(b)(1)
under the Exchange Act), other than the Permitted Holders, in a
    single transaction or in a related series of transactions, by
    way of merger, consolidation or other business combination or
    purchase of beneficial ownership (within the meaning of
Rule 13d-3
under the Exchange Act, or any successor provision) of 50% or
    more of the total voting power of the Voting Stock of the Issuer
    or any of its direct or indirect parent companies holding
    directly or indirectly 100% of the total voting power of the
    Voting Stock of the Issuer.
"
Consolidated Depreciation and Amortization
    Expense
" means with respect to any Person for any
    period, the total amount of depreciation and amortization
    expense, including the amortization of deferred financing fees
    and Capitalized Software Expenditures of such Person and its
    Restricted Subsidiaries for such period on a consolidated basis
    and otherwise determined in accordance with GAAP.
"
Consolidated Interest Expense
" means, with
    respect to any Person for any period, without duplication, the
    sum of:
(1) consolidated interest expense of such Person and its
    Restricted Subsidiaries for such period, to the extent such
    expense was deducted (and not added back) in computing
    Consolidated Net Income (including (a) amortization of
    original issue discount resulting from the issuance of
    Indebtedness at less than par, (b) all commissions,
    discounts and other fees and charges owed with respect to
    letters of credit or bankers acceptances, (c) non-cash
    interest payments (but excluding any non-cash interest expense
    attributable to the movement in the mark to market valuation of
    Hedging Obligations or other derivative instruments pursuant to
    GAAP), (d) the interest component of Capitalized Lease
    Obligations, and (e) net payments, if any, pursuant to
    interest rate Hedging Obligations with respect to Indebtedness,
    and excluding (v) any expense resulting from the
    discounting of the Existing Senior Secured Notes in connection
    with the application of purchase accounting in connection with
    the Transaction, (w) any Additional Interest and any
    "additional interest" with respect to the Existing
    Senior Notes or the Existing Senior Subordinated Notes,
    (x) amortization of deferred financing fees, debt issuance
    costs, commissions, fees and expenses, (y) any expensing of
    bridge, commitment and other financing fees and
    (z) commissions,
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discounts, yield and other fees and charges (including any
    interest expense) related to any Receivables Facility);
plus
(2) consolidated capitalized interest of such Person and
    its Restricted Subsidiaries for such period, whether paid or
    accrued;
less
(3) interest income for such period.
For purposes of this definition, interest on a Capitalized Lease
    Obligation shall be deemed to accrue at an interest rate
    reasonably determined by such Person to be the rate of interest
    implicit in such Capitalized Lease Obligation in accordance with
    GAAP.
"
Consolidated Net Income
" means, with respect
    to any Person for any period, the aggregate of the Net Income,
    of such Person and its Restricted Subsidiaries for such period,
    on a consolidated basis, and otherwise determined in accordance
    with GAAP;
provided
,
however
, that, without
    duplication,
(1) any after-tax effect of extraordinary, non-recurring or
    unusual gains or losses (less all fees and expenses relating
    thereto) or expenses (including relating to the Transaction to
    the extent incurred on or prior June 30, 2006), severance,
    relocation costs and curtailments or modifications to pension
    and
post-retirement
employee benefit plans shall be excluded,
(2) the Net Income for such period shall not include the
    cumulative effect of a change in accounting principles during
    such period,
(3) any after-tax effect of income (loss) from disposed or
    discontinued operations and any net after-tax gains or losses on
    disposal of disposed, abandoned or discontinued operations shall
    be excluded,
(4) any after-tax effect of gains or losses (less all fees
    and expenses relating thereto) attributable to asset
    dispositions other than in the ordinary course of business, as
    determined in good faith by the Issuer, shall be excluded,
(5) the Net Income for such period of any Person that is
    not a Subsidiary, or is an Unrestricted Subsidiary, or that is
    accounted for by the equity method of accounting, shall be
    excluded;
provided
that Consolidated Net Income of the
    Issuer shall be increased by the amount of dividends or
    distributions or other payments that are actually paid in cash
    (or to the extent converted into cash) to the referent Person or
    a Restricted Subsidiary thereof in respect of such period,
(6) solely for the purpose of determining the amount
    available for Restricted Payments under clause (3)(a) of the
    first paragraph of "Certain Covenants —
    Limitation on Restricted Payments," the Net Income for such
    period of any Restricted Subsidiary (other than any Guarantor)
    shall be excluded if the declaration or payment of dividends or
    similar distributions by that Restricted Subsidiary of its Net
    Income is not at the date of determination wholly permitted
    without any prior governmental approval (which has not been
    obtained) or, directly or indirectly, by the operation of the
    terms of its charter or any agreement, instrument, judgment,
    decree, order, statute, rule, or governmental regulation
    applicable to that Restricted Subsidiary or its stockholders,
    unless such restriction with respect to the payment of dividends
    or similar distributions has been legally waived,
provided
that Consolidated Net Income of the Issuer will
    be increased by the amount of dividends or other distributions
    or other payments actually paid in cash (or to the extent
    converted into cash) to the Issuer or a Restricted Subsidiary
    thereof in respect of such period, to the extent not already
    included therein,
(7) effects of adjustments (including the effects of such
    adjustments pushed down to the Issuer and its Restricted
    Subsidiaries) in the property and equipment, software and other
    intangible assets, deferred revenue and debt line items in such
    Person's consolidated financial statements pursuant to GAAP
    resulting from the application of purchase accounting in
    relation to the Transaction or any consummated acquisition or
    the amortization or write-off of any amounts thereof, net of
    taxes, shall be excluded,
(8) any after-tax effect of income (loss) from the early
    extinguishment of Indebtedness or Hedging Obligations or other
    derivative instruments shall be excluded,
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(9) any impairment charge or asset write-off, in each case,
    pursuant to GAAP and the amortization of intangibles arising
    pursuant to GAAP shall be excluded,
(10) any non-cash compensation expense recorded from grants
    of stock appreciation or similar rights, stock options,
    restricted stock or other rights shall be excluded,
(11) any fees and expenses incurred during such period, or
    any amortization thereof for such period, in connection with any
    acquisition, Investment, Asset Sale, issuance or repayment of
    Indebtedness, issuance of Equity Interests, refinancing
    transaction or amendment or modification of any debt instrument
    (in each case, including any such transaction consummated prior
    to the Issue Date and any such transaction undertaken but not
    completed) and any charges or non-recurring merger costs
    incurred during such period as a result of any such transaction
    shall be excluded, and
(12) accruals and reserves that are established within
    twelve months after the Issue Date that are so required to be
    established as a result of the Transaction in accordance with
    GAAP shall be excluded.
Notwithstanding the foregoing, for the purpose of the covenant
    described under "Certain Covenants — Limitation
    on Restricted Payments" only (other than clause (3)(d)
    thereof), there shall be excluded from Consolidated Net Income
    any income arising from any sale or other disposition of
    Restricted Investments made by the Issuer and its Restricted
    Subsidiaries, any repurchases and redemptions of Restricted
    Investments from the Issuer and its Restricted Subsidiaries, any
    repayments of loans and advances which constitute Restricted
    Investments by the Issuer or any of its Restricted Subsidiaries,
    any sale of the stock of an Unrestricted Subsidiary or any
    distribution or dividend from an Unrestricted Subsidiary, in
    each case only to the extent such amounts increase the amount of
    Restricted Payments permitted under such covenant pursuant to
    clause (3)(d) thereof.
"
Consolidated Secured Debt Ratio
" as of any
    date of determination means, the ratio of (1) Consolidated
    Total Indebtedness of the Issuer and its Restricted Subsidiaries
    that is secured by Liens as of the end of the most recent fiscal
    period for which internal financial statements are available
    immediately preceding the date on which such event for which
    such calculation is being made shall occur to (2) the
    Issuer's EBITDA for the most recently ended four full
    fiscal quarters for which internal financial statements are
    available immediately preceding the date on which such event for
    which such calculation is being made shall occur, in each case
    with such
pro forma
adjustments to Consolidated Total
    Indebtedness and EBITDA as are appropriate and consistent with
    the
pro forma
adjustment provisions set forth in the
    definition of Fixed Charge Coverage Ratio.
"
Consolidated Total Indebtedness
" means, as at
    any date of determination, an amount equal to the sum of
    (1) the aggregate amount of all outstanding Indebtedness of
    the Issuer and its Restricted Subsidiaries on a consolidated
    basis consisting of Indebtedness for borrowed money, Obligations
    in respect of Capitalized Lease Obligations and debt obligations
    evidenced by promissory notes and similar instruments (and
    excluding, for the avoidance of doubt, all obligations relating
    to Receivables Facilities) and (2) the aggregate amount of
    all outstanding Disqualified Stock of the Issuer and all
    Preferred Stock of its Restricted Subsidiaries on a consolidated
    basis, with the amount of such Disqualified Stock and Preferred
    Stock equal to the greater of their respective voluntary or
    involuntary liquidation preferences and maximum fixed repurchase
    prices, in each case determined on a consolidated basis in
    accordance with GAAP. For purposes hereof, the "maximum
    fixed repurchase price" of any Disqualified Stock or
    Preferred Stock that does not have a fixed repurchase price
    shall be calculated in accordance with the terms of such
    Disqualified Stock or Preferred Stock as if such Disqualified
    Stock or Preferred Stock were purchased on any date on which
    Consolidated Total Indebtedness shall be required to be
    determined pursuant to the Indenture, and if such price is based
    upon, or measured by, the fair market value of such Disqualified
    Stock or Preferred Stock, such fair market value shall be
    determined reasonably and in good faith by the Issuer.
"
Contingent Obligations
" means, with respect to
    any Person, any obligation of such Person guaranteeing any
    leases, dividends or other obligations that do not constitute
    Indebtedness ("
primary obligations") of any other
    Person (the "primary obligor") in any manner, whether
    directly or indirectly, including, without limitation, any
    obligation of such Person, whether or not contingent,
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(1) to purchase any such primary obligation or any property
    constituting direct or indirect security therefor,
(2) to advance or supply funds
(a) for the purchase or payment of any such primary
    obligation, or
(b) to maintain working capital or equity capital of the
    primary obligor or otherwise to maintain the net worth or
    solvency of the primary obligor, or
(3) to purchase property, securities or services primarily
    for the purpose of assuring the owner of any such primary
    obligation of the ability of the primary obligor to make payment
    of such primary obligation against loss in respect thereof.
"
Credit Facilities
" means, with respect to the
    Issuer or any of its Restricted Subsidiaries, one or more debt
    facilities, including the Senior Credit Facilities, or other
    financing arrangements (including, without limitation,
    commercial paper facilities or indentures) providing for
    revolving credit loans, term loans, letters of credit or other
    long-term indebtedness, including any notes, mortgages,
    guarantees, collateral documents, instruments and agreements
    executed in connection therewith, and any amendments,
    supplements, modifications, extensions, renewals, restatements
    or refundings thereof and any indentures or credit facilities or
    commercial paper facilities that replace, refund or refinance
    any part of the loans, notes, other credit facilities or
    commitments thereunder, including any such replacement,
    refunding or refinancing facility or indenture that increases
    the amount permitted to be borrowed thereunder or alters the
    maturity thereof (
provided
that such increase in
    borrowings is permitted under "Certain
    Covenants — Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock") or
    adds Restricted Subsidiaries as additional borrowers or
    guarantors thereunder and whether by the same or any other
    agent, lender or group of lenders.
"
Default
" means any event that is, or with the
    passage of time or the giving of notice or both would be, an
    Event of Default.
"
Designated Non-cash Consideration
" means the
    fair market value of non-cash consideration received by the
    Issuer or a Restricted Subsidiary in connection with an Asset
    Sale that is so designated as Designated Non-cash Consideration
    pursuant to an Officer's Certificate, setting forth the
    basis of such valuation, executed by the principal financial
    officer of the Issuer, less the amount of cash or Cash
    Equivalents received in connection with a subsequent sale of or
    collection on such Designated Non-cash Consideration.
"
Designated Preferred Stock
" means Preferred
    Stock of the Issuer or any parent corporation thereof (in each
    case other than Disqualified Stock) that is issued for cash
    (other than to a Restricted Subsidiary or an employee stock
    ownership plan or trust established by the Issuer or any of its
    Subsidiaries) and is so designated as Designated Preferred
    Stock, pursuant to an Officer's Certificate executed by the
    principal financial officer of the Issuer or the applicable
    parent corporation thereof, as the case may be, on the issuance
    date thereof, the cash proceeds of which are excluded from the
    calculation set forth in clause (3) of the first paragraph
    of the "Certain Covenants — Limitation on
    Restricted Payments" covenant.
"
Disqualified Stock
" means, with respect to any
    Person, any Capital Stock of such Person which, by its terms, or
    by the terms of any security into which it is convertible or for
    which it is putable or exchangeable, or upon the happening of
    any event, matures or is mandatorily redeemable (other than
    solely as a result of a change of control or asset sale)
    pursuant to a sinking fund obligation or otherwise, or is
    redeemable at the option of the holder thereof (other than
    solely as a result of a change of control or asset sale), in
    whole or in part, in each case prior to the date 91 days
    after the earlier of the maturity date of the Senior Notes or
    the date the Senior Notes are no longer outstanding;
provided
,
however
, that if such Capital Stock is
    issued to any plan for the benefit of employees of the Issuer or
    its Subsidiaries or by any such plan to such employees, such
    Capital Stock shall not constitute Disqualified Stock solely
    because it may be required to be repurchased by the Issuer or
    its Subsidiaries in order to satisfy applicable statutory or
    regulatory obligations.
"
EBITDA
" means, with respect to any Person for
    any period, the Consolidated Net Income of such Person for such
    period
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(1) increased (without duplication) by:
(a) provision for taxes based on income or profits or
    capital, including, without limitation, state, franchise and
    similar taxes (such as the Pennsylvania capital tax) and foreign
    withholding taxes of such Person paid or accrued during such
    period deducted (and not added back) in computing Consolidated
    Net Income;
plus
(b) Fixed Charges of such Person for such period (including
    (x) net losses or Hedging Obligations or other derivative
    instruments entered into for the purpose of hedging interest
    rate risk and (y) costs of surety bonds in connection with
    financing activities, in each case, to the extent included in
    Fixed Charges) to the extent the same was deducted (and not
    added back) in calculating such Consolidated Net Income;
plus
(c) Consolidated Depreciation and Amortization Expense of
    such Person for such period to the extent the same were deducted
    (and not added back) in computing Consolidated Net Income;
plus
(d) any expenses or charges (other than depreciation or
    amortization expense) related to any Equity Offering, Permitted
    Investment, acquisition, disposition, recapitalization or the
    incurrence of Indebtedness permitted to be incurred by the
    Indenture (including a refinancing thereof) (whether or not
    successful), including (i) such fees, expenses or charges
    related to the offering of the Senior Notes and (ii) any
    amendment or other modification of the Senior Notes, and, in
    each case, deducted (and not added back) in computing
    Consolidated Net Income;
plus
(e) the amount of any restructuring charge or reserve
    deducted (and not added back) in such period in computing
    Consolidated Net Income, including any one-time costs incurred
    in connection with acquisitions after the Issue Date and costs
    related to the closure
and/or
consolidation of facilities;
plus
(f) any other non-cash charges, including any write offs or
    write downs, reducing Consolidated Net Income for such period
    (provided that if any such non-cash charges represent an accrual
    or reserve for potential cash items in any future period, the
    cash payment in respect thereof in such future period shall be
    subtracted from EBITDA to such extent, and excluding
    amortization of a prepaid cash item that was paid in a prior
    period);
plus
(g) the amount of any minority interest expense consisting
    of Subsidiary income attributable to minority equity interests
    of third parties in any non-Wholly Owned Subsidiary deducted
    (and not added back) in such period in calculating Consolidated
    Net Income;
plus
(h) the amount of management, monitoring, consulting and
    advisory fees and related expenses paid in such period to the
    Investors to the extent otherwise permitted under "Certain
    Covenants — Transactions with Affiliates";
plus
(i) the amount of net cost savings projected by the Issuer
    in good faith to be realized as a result of specified actions
    taken during such period (calculated on a pro forma basis as
    though such cost savings had been realized on the first day of
    such period), net of the amount of actual benefits realized
    during such period from such actions; provided that
    (x) such cost savings are reasonably identifiable and
    factually supportable, (y) such actions are taken within
    36 months after the Issue Date and (z) the aggregate
    amount of cost savings added pursuant to this clause (i)
    shall not exceed $100.0 million for any four consecutive
    quarter period (which adjustments may be incremental to pro
    forma adjustments made pursuant to the second paragraph of the
    definition of "Fixed Charge Coverage Ratio");
plus
(j) the amount of loss on sale of receivables and related
    assets to the Receivables Subsidiary in connection with a
    Receivables Facility;
plus
(k) any costs or expense incurred by the Issuer or a
    Restricted Subsidiary pursuant to any management equity plan or
    stock option plan or any other management or employee benefit
    plan or agreement or any stock subscription or shareholder
    agreement, to the extent that such cost or
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expenses are funded with cash proceeds contributed to the
    capital of the Issuer or net cash proceeds of an issuance of
    Equity Interest of the Issuer (other than Disqualified Stock)
    solely to the extent that such net cash proceeds are excluded
    from the calculation set forth in clause (3) of the first
    paragraph under "Certain Covenants — Limitation
    on Restricted Payments";
(2) decreased by (without duplication) non-cash gains
    increasing Consolidated Net Income of such Person for such
    period, excluding any non-cash gains to the extent they
    represent the reversal of an accrual or reserve for a potential
    cash item that reduced EBITDA in any prior period, and
(3) increased or decreased by (without duplication):
(a) any net gain or loss resulting in such period from
    Hedging Obligations and the application of Statement of
    Financial Accounting Standards No. 133;
plus
or
minus
, as applicable, and
(b) any net gain or loss resulting in such period from
    currency translation gains or losses related to currency
    remeasurements of Indebtedness (including any net loss or gain
    resulting from hedge agreements for currency exchange risk).
"
EMU
" means economic and monetary union as
    contemplated in the Treaty on European Union.
"
Equity Interests
" means Capital Stock and all
    warrants, options or other rights to acquire Capital Stock, but
    excluding any debt security that is convertible into, or
    exchangeable for, Capital Stock.
"
Equity Offering
" means any public or private
    sale of common stock or Preferred Stock of the Issuer or any of
    its direct or indirect parent companies (excluding Disqualified
    Stock), other than:
(1) public offerings with respect to the Issuer's or
    any direct or indirect parent company's common stock
    registered on
Form S-8;
(2) issuances to any Subsidiary of the Issuer; and
(3) any such public or private sale that constitutes an
    Excluded Contribution.
"
euro
" means the single currency of
    participating member states of the EMU.
"
Exchange Act
" means the Securities Exchange
    Act of 1934, as amended, and the rules and regulations of the
    SEC promulgated thereunder.
"
Excluded Contribution
" means net cash
    proceeds, marketable securities or Qualified Proceeds received
    by the Issuer from
(1) contributions to its common equity capital, and
(2) the sale (other than to a Subsidiary of the Issuer or
    to any management equity plan or stock option plan or any other
    management or employee benefit plan or agreement of the Issuer)
    of Capital Stock (other than Disqualified Stock and Designated
    Preferred Stock) of the Issuer,
in each case designated as Excluded Contributions pursuant to an
    officer's certificate executed by the principal financial
    officer of the Issuer on the date such capital contributions are
    made or the date such Equity Interests are sold, as the case may
    be, which are excluded from the calculation set forth in
    clause (3) of the first paragraph under "Certain
    Covenants — Limitation on Restricted Payments."
"
Existing Senior Notes
" means $1,600,000,000
    aggregate principal amount of SunGard's 9
1
/
8
% senior
    notes due 2013, issued on August 11, 2005 and outstanding
    on the Issue Date.
"
Existing Senior Secured Notes
" means
    (a) the $250.0 million aggregate principal amount of
    3.75% senior notes due 2009 and
    (b) $250.0 million aggregate principal amount of
    4.875% senior notes due 2014.
"
Existing Senior Subordinated Notes
" means
    $1,000,000,000 aggregate principal amount of SunGard's
    10
1
/
4
% senior
    subordinated senior notes due 2015 issued on August 11,
    2005 and outstanding on the Issue Date.
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"
Fixed Charge Coverage Ratio
" means, with
    respect to any Person for any period, the ratio of EBITDA of
    such Person for such period to the Fixed Charges of such Person
    for such period. In the event that the Issuer or any Restricted
    Subsidiary incurs, assumes, guarantees, redeems, retires or
    extinguishes any Indebtedness (other than Indebtedness incurred
    under any revolving credit facility unless such Indebtedness has
    been permanently repaid and has not been replaced) or issues or
    redeems Disqualified Stock or Preferred Stock subsequent to the
    commencement of the period for which the Fixed Charge Coverage
    Ratio is being calculated but prior to or simultaneously with
    the event for which the calculation of the Fixed Charge Coverage
    Ratio is made (the "
Fixed Charge Coverage Ratio
    Calculation Date
"), then the Fixed Charge Coverage
    Ratio shall be calculated giving
pro forma
effect to such
    incurrence, assumption, guarantee, redemption, retirement or
    extinguishment of Indebtedness, or such issuance or redemption
    of Disqualified Stock or Preferred Stock, as if the same had
    occurred at the beginning of the applicable four-quarter period.
For purposes of making the computation referred to above,
    Investments, acquisitions, dispositions, mergers, consolidations
    and disposed operations (as determined in accordance with GAAP)
    that have been made by the Issuer or any of its Restricted
    Subsidiaries during the four-quarter reference period or
    subsequent to such reference period and on or prior to or
    simultaneously with the Fixed Charge Coverage Ratio Calculation
    Date shall be calculated on a
pro forma
basis assuming
    that all such Investments, acquisitions, dispositions, mergers,
    consolidations and disposed operations (and the change in any
    associated fixed charge obligations and the change in EBITDA
    resulting therefrom) had occurred on the first day of the
    four-quarter reference period. If since the beginning of such
    period any Person that subsequently became a Restricted
    Subsidiary or was merged with or into the Issuer or any of its
    Restricted Subsidiaries since the beginning of such period shall
    have made any Investment, acquisition, disposition, merger,
    consolidation or disposed operation that would have required
    adjustment pursuant to this definition, then the Fixed Charge
    Coverage Ratio shall be calculated giving
pro forma
effect thereto for such period as if such Investment,
    acquisition, disposition, merger, consolidation or disposed
    operation had occurred at the beginning of the applicable
    four-quarter period.
For purposes of this definition, whenever
pro forma
effect is to be given to a transaction, the
pro forma
calculations shall be made in good faith by a responsible
    financial or accounting officer of the Issuer. If any
    Indebtedness bears a floating rate of interest and is being
    given
pro forma
effect, the interest on such Indebtedness
    shall be calculated as if the rate in effect on the Fixed Charge
    Coverage Ratio Calculation Date had been the applicable rate for
    the entire period (taking into account any Hedging Obligations
    applicable to such Indebtedness). Interest on a Capitalized
    Lease Obligation shall be deemed to accrue at an interest rate
    reasonably determined by a responsible financial or accounting
    officer of the Issuer to be the rate of interest implicit in
    such Capitalized Lease Obligation in accordance with GAAP. For
    purposes of making the computation referred to above, interest
    on any Indebtedness under a revolving credit facility computed
    on a
pro forma
basis shall be computed based upon the
    average daily balance of such Indebtedness during the applicable
    period except as set forth in the first paragraph of this
    definition. Interest on Indebtedness that may optionally be
    determined at an interest rate based upon a factor of a prime or
    similar rate, a eurocurrency interbank offered rate, or other
    rate, shall be deemed to have been based upon the rate actually
    chosen, or, if none, then based upon such optional rate chosen
    as the Issuer may designate.
"
Fixed Charges
" means, with respect to any
    Person for any period, the sum of:
(1) Consolidated Interest Expense of such Person for such
    period;
(2) all cash dividends or other distributions paid
    (excluding items eliminated in consolidation) on any series of
    Preferred Stock during such period; and
(3) all cash dividends or other distributions paid
    (excluding items eliminated in consolidation) on any series of
    Disqualified Stock during such period.
"
Foreign Subsidiary
" means, with respect to any
    Person, any Restricted Subsidiary of such Person that is not
    organized or existing under the laws of the United States, any
    state thereof, the District of Columbia, or any territory
    thereof and any Restricted Subsidiary of such Foreign Subsidiary.
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"
GAAP
" means generally accepted accounting
    principles in the United States which are in effect on the Issue
    Date.
"
GL Trade Block
" means approximately 64.5% of
    the outstanding equity interests of GL Trade S.A., a French
    company, as described in this offering circular under the
    caption "Offering Circular Summary — Recent
    Developments — Acquisition of GL Trade", on
    substantially the terms described in the offering circular or on
    any other terms agreed to by the Issuer.
"
Government Securities
" means securities that
    are:
(1) direct obligations of the United States of America for
    the timely payment of which its full faith and credit is
    pledged; or
(2) obligations of a Person controlled or supervised by and
    acting as an agency or instrumentality of the United States of
    America the timely payment of which is unconditionally
    guaranteed as a full faith and credit obligation by the United
    States of America,
which, in either case, are not callable or redeemable at the
    option of the issuers thereof, and shall also include a
    depository receipt issued by a bank (as defined in
    Section 3(a)(2) of the Securities Act), as custodian with
    respect to any such Government Securities or a specific payment
    of principal of or interest on any such Government Securities
    held by such custodian for the account of the holder of such
    depository receipt;
provided
that (except as required by
    law) such custodian is not authorized to make any deduction from
    the amount payable to the holder of such depository receipt from
    any amount received by the custodian in respect of the
    Government Securities or the specific payment of principal of or
    interest on the Government Securities evidenced by such
    depository receipt.
"
guarantee
" means a guarantee (other than by
    endorsement of negotiable instruments for collection in the
    ordinary course of business), direct or indirect, in any manner
    (including letters of credit and reimbursement agreements in
    respect thereof), of all or any part of any Indebtedness or
    other obligations.
"
Guarantee
" means the guarantee by any
    Guarantor of the Issuer's Obligations under the Indenture.
"
Guarantor
" means, each Restricted Subsidiary
    that Guarantees the Senior Notes in accordance with the terms of
    the Indenture.
"
Hedging Obligations
" means, with respect to
    any Person, the obligations of such Person under any interest
    rate swap agreement, interest rate cap agreement, interest rate
    collar agreement, commodity swap agreement, commodity cap
    agreement, commodity collar agreement, foreign exchange
    contract, currency swap agreement or similar agreement providing
    for the transfer or mitigation of interest rate or currency
    risks either generally or under specific contingencies.
"
Holder
" means the Person in whose name a
    Senior Note is registered on the registrar's books.
"
Indebtedness
" means, with respect to any
    Person, without duplication:
(1) any indebtedness (including principal and premium) of
    such Person, whether or not contingent:
(a) in respect of borrowed money;
(b) evidenced by bonds, notes, debentures or similar
    instruments or letters of credit or bankers' acceptances
    (or, without duplication, reimbursement agreements in respect
    thereof);
(c) representing the balance deferred and unpaid of the
    purchase price of any property (including Capitalized Lease
    Obligations), except (i) any such balance that constitutes
    a trade payable or similar obligation to a trade creditor, in
    each case accrued in the ordinary course of business and
    (ii) any earn-out obligations until such obligation becomes
    a liability on the balance sheet of such Person in accordance
    with GAAP; or
(d) representing any Hedging Obligations;
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if and to the extent that any of the foregoing Indebtedness
    (other than letters of credit and Hedging Obligations) would
    appear as a liability upon a balance sheet (excluding the
    footnotes thereto) of such Person prepared in accordance with
    GAAP;
(2) to the extent not otherwise included, any obligation by
    such Person to be liable for, or to pay, as obligor, guarantor
    or otherwise, on the obligations of the type referred to in
    clause (1) of a third Person (whether or not such items
    would appear upon the balance sheet of the such obligor or
    guarantor), other than by endorsement of negotiable instruments
    for collection in the ordinary course of business; and
(3) to the extent not otherwise included, the obligations
    of the type referred to in clause (1) of a third Person
    secured by a Lien on any asset owned by such first Person,
    whether or not such Indebtedness is assumed by such first Person;
provided
,
however
, that notwithstanding the
    foregoing, Indebtedness shall be deemed not to include
    (a) Contingent Obligations incurred in the ordinary course
    of business or (b) obligations under or in respect of
    Receivables Facilities.
"
Independent Financial Advisor
" means an
    accounting, appraisal, investment banking firm or consultant to
    Persons engaged in Similar Businesses of nationally recognized
    standing that is, in the good faith judgment of the Issuer,
    qualified to perform the task for which it has been engaged.
"
Initial Purchasers
" means Goldman,
    Sachs & Co., Citigroup Global Markets Inc., Lehman
    Brothers Inc. and KKR Capital Markets LLC.
"
Investment Grade Rating
" means a rating equal
    to or higher than Baa3 (or the equivalent) by Moody's and
    BBB- (or the equivalent) by S&P, or an equivalent rating by
    any other Rating Agency.
"
Investment Grade Securities
" means:
(1) securities issued or directly and fully guaranteed or
    insured by the United States government or any agency or
    instrumentality thereof (other than Cash Equivalents);
(2) debt securities or debt instruments with an Investment
    Grade Rating, but excluding any debt securities or instruments
    constituting loans or advances among the Issuer and its
    Subsidiaries;
(3) investments in any fund that invests exclusively in
    investments of the type described in clauses (1) and
    (2) which fund may also hold immaterial amounts of cash
    pending investment or distribution; and
(4) corresponding instruments in countries other than the
    United States customarily utilized for high quality investments.
"
Investments
" means, with respect to any
    Person, all investments by such Person in other Persons
    (including Affiliates) in the form of loans (including
    guarantees), advances or capital contributions (excluding
    accounts receivable, trade credit, advances to customers,
    commission, travel and similar advances to officers and
    employees, in each case made in the ordinary course of
    business), purchases or other acquisitions for consideration of
    Indebtedness, Equity Interests or other securities issued by any
    other Person and investments that are required by GAAP to be
    classified on the balance sheet (excluding the footnotes) of the
    Issuer in the same manner as the other investments included in
    this definition to the extent such transactions involve the
    transfer of cash or other property. For purposes of the
    definition of "Unrestricted Subsidiary" and the
    covenant described under "Certain Covenants —
    Limitation on Restricted Payments":
(1) "Investments" shall include the portion
    (proportionate to the Issuer's equity interest in such
    Subsidiary) of the fair market value of the net assets of a
    Subsidiary of the Issuer at the time that such Subsidiary is
    designated an Unrestricted Subsidiary;
provided
,
however
, that upon a redesignation of such Subsidiary as
    a Restricted Subsidiary, the Issuer shall be deemed to continue
    to have a permanent "Investment" in an Unrestricted
    Subsidiary in an amount (if positive) equal to:
(a) the Issuer "Investment" in such Subsidiary at
    the time of such redesignation; less
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(b) the portion (proportionate to the Issuer equity
    interest in such Subsidiary) of the fair market value of the net
    assets of such Subsidiary at the time of such
    redesignation; and
(2) any property transferred to or from an Unrestricted
    Subsidiary shall be valued at its fair market value at the time
    of such transfer, in each case as determined in good faith by
    the Issuer.
"
Investors
" means Silver Lake Partners, Bain
    Capital Partners, The Blackstone Group, Goldman Sachs Capital
    Partners, Kohlberg Kravis Roberts & Co. L.P.,
    Providence Equity Partners, Inc., Texas Pacific Group and each
    of their respective Affiliates but not including, however, any
    portfolio companies of any of the foregoing.
"
Issue Date
" means September 29, 2008.
"
Issuer
" has the meaning set forth in the first
    paragraph under "General";
provided
that when
    used in the context of determining the fair market value of an
    asset or liability under the Indenture, "Issuer" shall
    be deemed to mean the board of directors of the Issuer when the
    fair market value is equal to or in excess of
    $250.0 million (unless otherwise expressly stated).
"
Legal Holiday
" means a Saturday, a Sunday or a
    day on which commercial banking institutions are not required to
    be open in the State of New York.
"
Lien
" means, with respect to any asset, any
    mortgage, lien (statutory or otherwise), pledge, hypothecation,
    charge, security interest, preference, priority or encumbrance
    of any kind in respect of such asset, whether or not filed,
    recorded or otherwise perfected under applicable law, including
    any conditional sale or other title retention agreement, any
    lease in the nature thereof, any option or other agreement to
    sell or give a security interest in and any filing of or
    agreement to give any financing statement under the Uniform
    Commercial Code (or equivalent statutes) of any jurisdiction;
provided
that in no event shall an operating lease be
    deemed to constitute a Lien.
"
Moody's
" means Moody's Investors
    Service, Inc. and any successor to its rating agency business.
"
Net Income
" means, with respect to any Person,
    the net income (loss) of such Person, determined in accordance
    with GAAP and before any reduction in respect of Preferred Stock
    dividends.
"
Net Proceeds
" means the aggregate cash
    proceeds received by the Issuer or any of its Restricted
    Subsidiaries in respect of any Asset Sale, including any cash
    received upon the sale or other disposition of any Designated
    Non-cash Consideration received in any Asset Sale, net of the
    direct costs relating to such Asset Sale and the sale or
    disposition of such Designated Non-cash Consideration, including
    legal, accounting and investment banking fees, and brokerage and
    sales commissions, any relocation expenses incurred as a result
    thereof, taxes paid or payable as a result thereof (after taking
    into account any available tax credits or deductions and any tax
    sharing arrangements), amounts required to be applied to the
    repayment of principal, premium, if any, and interest on Senior
    Indebtedness required (other than required by clause (1) of
    the second paragraph of "Repurchase at the Option of
    Holders — Asset Sales") to be paid as a result of
    such transaction and any deduction of appropriate amounts to be
    provided by the Issuer or any of its Restricted Subsidiaries as
    a reserve in accordance with GAAP against any liabilities
    associated with the asset disposed of in such transaction and
    retained by the Issuer or any of its Restricted Subsidiaries
    after such sale or other disposition thereof, including pension
    and other post-employment benefit liabilities and liabilities
    related to environmental matters or against any indemnification
    obligations associated with such transaction.
"
Obligations
" means any principal, interest
    (including any interest accruing subsequent to the filing of a
    petition in bankruptcy, reorganization or similar proceeding at
    the rate provided for in the documentation with respect thereto,
    whether or not such interest is an allowed claim under
    applicable state, federal or foreign law), penalties, fees,
    indemnifications, reimbursements (including reimbursement
    obligations with respect to letters of credit and banker's
    acceptances), damages and other liabilities, and guarantees of
    payment of such principal, interest, penalties, fees,
    indemnifications, reimbursements, damages and other liabilities,
    payable under the documentation governing any Indebtedness.
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"
Officer
" means the Chairman of the Board, the
    Chief Executive Officer, the President, any Executive Vice
    President, Senior Vice President or Vice President, the
    Treasurer or the Secretary of the Issuer or a Guarantor, as
    applicable.
"
Officer's Certificate
" means a
    certificate signed on behalf of the Issuer by an Officer of the
    Issuer or on behalf of a Guarantor by an Officer of such
    Guarantor, who must be the principal executive officer, the
    principal financial officer, the treasurer or the principal
    accounting officer of the Issuer, that meets the requirements
    set forth in the Indenture.
"
Opinion of Counsel
" means a written opinion
    from legal counsel who is acceptable to the Trustee. The counsel
    may be an employee of or counsel to the Issuer or the Trustee.
"
Permitted Asset Swap
" means the concurrent
    purchase and sale or exchange of Related Business Assets or a
    combination of Related Business Assets and cash or Cash
    Equivalents between the Issuer or any of its Restricted
    Subsidiaries and another Person;
provided
, that any cash
    or Cash Equivalents received must be applied in accordance with
    the "Repurchase at the Option of Holders — Asset
    Sales" covenant.
"
Permitted Holders
" means each of the Investors
    and members of management of the Issuer (or its direct parent)
    who are holders of Equity Interests of the Issuer (or any of its
    direct or indirect parent companies) on the Issue Date and any
    group (within the meaning of Section 13(d)(3) or
    Section 14(d)(2) of the Exchange Act or any successor
    provision) of which any of the foregoing are members;
provided
, that, in the case of such group and without
    giving effect to the existence of such group or any other group,
    such Investors and members of management, collectively, have
    beneficial ownership of more than 50% of the total voting power
    of the Voting Stock of the Issuer or any of its direct or
    indirect parent companies.
"
Permitted Investments
" means:
(1) any Investment in the Issuer or any of its Restricted
    Subsidiaries;
(2) any Investment in cash and Cash Equivalents or
    Investment Grade Securities;
(3) any Investment by the Issuer or any of its Restricted
    Subsidiaries in a Person that is engaged in a Similar Business
    if as a result of such Investment:
(a) such Person becomes a Restricted Subsidiary; or
(b) such Person, in one transaction or a series of related
    transactions, is merged or consolidated with or into, or
    transfers or conveys substantially all of its assets to, or is
    liquidated into, the Issuer or a Restricted Subsidiary,
and, in each case, any Investment held by such Person;
provided,
that such Investment was not acquired by such
    Person in contemplation of such acquisition, merger,
    consolidation or transfer;
(4) any Investment in securities or other assets not
    constituting cash, Cash Equivalents or Investment Grade
    Securities and received in connection with an Asset Sale made
    pursuant to the provisions of "Repurchase at the Option of
    Holders — Asset Sales" or any other disposition
    of assets not constituting an Asset Sale;
(5) any Investment existing on the Issue Date;
(6) any Investment acquired by the Issuer or any of its
    Restricted Subsidiaries:
(a) in exchange for any other Investment or accounts
    receivable held by the Issuer or any such Restricted Subsidiary
    in connection with or as a result of a bankruptcy, workout,
    reorganization or recapitalization of the issuer of such other
    Investment or accounts receivable; or
(b) as a result of a foreclosure by the Issuer or any of
    its Restricted Subsidiaries with respect to any secured
    Investment or other transfer of title with respect to any
    secured Investment in default;
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(7) Hedging Obligations permitted under clause (10) of
    the covenant described in "Certain Covenants —
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock";
(8) any Investment in a Similar Business having an
    aggregate fair market value, taken together with all other
    Investments made pursuant to this clause (8) that are at
    that time outstanding, not to exceed 2.5% of Total Assets at the
    time of such Investment (with the fair market value of each
    Investment being measured at the time made and without giving
    effect to subsequent changes in value);
(9) Investments the payment for which consists of Equity
    Interests (exclusive of Disqualified Stock) of the Issuer, or
    any of its direct or indirect parent companies;
provided
,
however
, that such Equity Interests will not increase the
    amount available for Restricted Payments under clause (3)
    of the first paragraph under the covenant described in
    "Certain Covenants — Limitations on Restricted
    Payments";
(10) guarantees of Indebtedness permitted under the
    covenant described in "Certain Covenants —
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock";
(11) any transaction to the extent it constitutes an
    Investment that is permitted and made in accordance with the
    provisions of the second paragraph of the covenant described
    under "Certain Covenants — Transactions with
    Affiliates" (except transactions described in clauses (2),
    (5) and (9) of such paragraph);
(12) Investments consisting of purchases and acquisitions
    of inventory, supplies, material or equipment;
(13) additional Investments having an aggregate fair market
    value, taken together with all other Investments made pursuant
    to this clause (13) that are at that time outstanding
    (without giving effect to the sale of an Unrestricted Subsidiary
    to the extent the proceeds of such sale do not consist of cash
    or marketable securities), not to exceed 3.5% of Total Assets at
    the time of such Investment (with the fair market value of each
    Investment being measured at the time made and without giving
    effect to subsequent changes in value);
(14) Investments relating to a Receivables Subsidiary that,
    in the good faith determination of the Issuer are necessary or
    advisable to effect any Receivables Facility;
(15) advances to, or guarantees of Indebtedness of,
    employees not in excess of $15.0 million outstanding at any
    one time, in the aggregate; and
(16) loans and advances to officers, directors and
    employees for business-related travel expenses, moving expenses
    and other similar expenses, in each case incurred in the
    ordinary course of business or consistent with past practices or
    to fund such Person's purchase of Equity Interests of the
    Issuer or any direct or indirect parent company thereof.
"
Permitted Liens
" means, with respect to any
    Person:
(1) pledges or deposits by such Person under workmen's
    compensation laws, unemployment insurance laws or similar
    legislation, or good faith deposits in connection with bids,
    tenders, contracts (other than for the payment of Indebtedness)
    or leases to which such Person is a party, or deposits to secure
    public or statutory obligations of such Person or deposits of
    cash or U.S. government bonds to secure surety or appeal
    bonds to which such Person is a party, or deposits as security
    for contested taxes or import duties or for the payment of rent,
    in each case incurred in the ordinary course of business;
(2) Liens imposed by law, such as carriers',
    warehousemen's and mechanics' Liens, in each case for
    sums not yet overdue for a period of more than 30 days or
    being contested in good faith by appropriate proceedings or
    other Liens arising out of judgments or awards against such
    Person with respect to which such Person shall then be
    proceeding with an appeal or other proceedings for review if
    adequate reserves with respect thereto are maintained on the
    books of such Person in accordance with GAAP;
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(3) Liens for taxes, assessments or other governmental
    charges not yet overdue for a period of more than 30 days
    or payable or subject to penalties for nonpayment or which are
    being contested in good faith by appropriate proceedings
    diligently conducted, if adequate reserves with respect thereto
    are maintained on the books of such Person in accordance with
    GAAP;
(4) Liens in favor of issuers of performance and surety
    bonds or bid bonds or with respect to other regulatory
    requirements or letters of credit issued pursuant to the request
    of and for the account of such Person in the ordinary course of
    its business;
(5) minor survey exceptions, minor encumbrances, easements
    or reservations of, or rights of others for, licenses,
rights-of-way,
sewers, electric lines, telegraph and telephone lines and other
    similar purposes, or zoning or other restrictions as to the use
    of real properties or Liens incidental, to the conduct of the
    business of such Person or to the ownership of its properties
    which were not incurred in connection with Indebtedness and
    which do not in the aggregate materially adversely affect the
    value of said properties or materially impair their use in the
    operation of the business of such Person;
(6) Liens securing Indebtedness permitted to be incurred
    pursuant to clause (4), (12)(b), (18) or (19) of the
    second paragraph under "Certain Covenants —
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock";
provided
that Liens securing Indebtedness permitted to be incurred
    pursuant to clause (18) extend only to the assets of
    Foreign Subsidiaries and Liens securing Indebtedness permitted
    to be incurred pursuant to clause (19) are solely on
    acquired property or the assets of the acquired entity, as the
    case may be;
(7) Liens existing on the Issue Date;
(8) Liens on property or shares of stock of a Person at the
    time such Person becomes a Subsidiary;
provided
,
however
, such Liens are not created or incurred in
    connection with, or in contemplation of, such other Person
    becoming such a Subsidiary;
provided
,
further
,
however
, that such Liens may not extend to any other
    property owned by the Issuer or any of its Restricted
    Subsidiaries;
(9) Liens on property at the time the Issuer or a
    Restricted Subsidiary acquired the property, including any
    acquisition by means of a merger or consolidation with or into
    the Issuer or any of its Restricted Subsidiaries;
provided
,
however
, that such Liens are not created
    or incurred in connection with, or in contemplation of, such
    acquisition;
provided
,
further
,
however
,
    that the Liens may not extend to any other property owned by the
    Issuer or any of its Restricted Subsidiaries;
(10) Liens securing Indebtedness or other obligations of a
    Restricted Subsidiary owing to the Issuer or another Restricted
    Subsidiary permitted to be incurred in accordance with the
    covenant described under "Certain Covenants —
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock";
(11) Liens securing Hedging Obligations so long as related
    Indebtedness is, and is permitted to be under the Indenture,
    secured by a Lien on the same property securing such Hedging
    Obligations;
(12) Liens on specific items of inventory of other goods
    and proceeds of any Person securing such Person's
    obligations in respect of bankers' acceptances issued or
    created for the account of such Person to facilitate the
    purchase, shipment or storage of such inventory or other goods;
(13) leases, subleases, licenses or sublicenses granted to
    others in the ordinary course of business which do not
    materially interfere with the ordinary conduct of the business
    of the Issuer or any of its Restricted Subsidiaries and do not
    secure any Indebtedness;
(14) Liens arising from Uniform Commercial Code financing
    statement filings regarding operating leases entered into by the
    Issuer and its Restricted Subsidiaries in the ordinary course of
    business;
(15) Liens in favor of the Issuer or any Guarantor;
(16) Liens on equipment of the Issuer or any of its
    Restricted Subsidiaries granted in the ordinary course of
    business to the Issuer's clients;
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(17) Liens on accounts receivable and related assets
    incurred in connection with a Receivables Facility;
(18) Liens to secure any refinancing, refunding, extension,
    renewal or replacement (or successive refinancing, refunding,
    extensions, renewals or replacements) as a whole, or in part, of
    any Indebtedness secured by any Lien referred to in the
    foregoing clauses (6), (7), (8), (9) and (27);
provided
,
however
, that (a) such new Lien
    shall be limited to all or part of the same property that
    secured the original Lien (plus improvements on such property),
    and (b) the Indebtedness secured by such Lien at such time
    is not increased to any amount greater than the sum of
    (i) the outstanding principal amount or, if greater,
    committed amount of the Indebtedness described under clauses
    (6), (7), (8), (9) and (27) at the time the original
    Lien became a Permitted Lien under the Indenture, and
    (ii) an amount necessary to pay any fees and expenses,
    including premiums, related to such refinancing, refunding,
    extension, renewal or replacement;
(19) deposits made in the ordinary course of business to
    secure liability to insurance carriers;
(20) other Liens securing obligations incurred in the
    ordinary course of business which obligations do not exceed
    $50.0 million at any one time outstanding;
(21) Liens securing judgments for the payment of money not
    constituting an Event of Default under clause (5) under the
    caption "Events of Default and Remedies" so long as
    such Liens are adequately bonded and any appropriate legal
    proceedings that may have been duly initiated for the review of
    such judgment have not been finally terminated or the period
    within which such proceedings may be initiated has not expired;
(22) Liens in favor of customs and revenue authorities
    arising as a matter of law to secure payment of customs duties
    in connection with the importation of goods in the ordinary
    course of business;
(23) Liens (i) of a collection bank arising under
Section 4-210
of the Uniform Commercial Code on items in the course of
    collection, (ii) attaching to commodity trading accounts or
    other commodity brokerage accounts incurred in the ordinary
    course of business, and (iii) in favor of banking
    institutions arising as a matter of law encumbering deposits
    (including the right of set-off) and which are within the
    general parameters customary in the banking industry;
(24) Liens deemed to exist in connection with Investments
    in repurchase agreements permitted under "Certain
    Covenants — Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock";
provided
that such Liens do not extend to any assets
    other than those that are the subject of such repurchase
    agreement;
(25) Liens encumbering reasonable customary initial
    deposits and margin deposits and similar Liens attaching to
    commodity trading accounts or other brokerage accounts incurred
    in the ordinary course of business and not for speculative
    purposes;
(26) Liens that are contractual rights of set-off
    (i) relating to the establishment of depository relations
    with banks not given in connection with the issuance of
    Indebtedness, (ii) relating to pooled deposit or sweep
    accounts of the Issuer or any of its Restricted Subsidiaries to
    permit satisfaction of overdraft or similar obligations incurred
    in the ordinary course of business of the Issuer and its
    Restricted Subsidiaries or (iii) relating to purchase
    orders and other agreements entered into with customers of the
    Issuer or any of its Restricted Subsidiaries in the ordinary
    course of business; and
(27) Liens to secure the Existing Senior Secured Notes.
For purposes of this definition, the term
    "Indebtedness" shall be deemed to include interest on
    such Indebtedness.
"
Person
" means any individual, corporation,
    limited liability company, partnership, joint venture,
    association, joint stock company, trust, unincorporated
    organization, government or any agency or political subdivision
    thereof or any other entity.
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"
Preferred Stock
" means any Equity Interest
    with preferential rights of payment of dividends or upon
    liquidation, dissolution, or winding up.
"
Qualified Proceeds
" means assets that are used
    or useful in, or Capital Stock of any Person engaged in, a
    Similar Business;
provided
that the fair market value of
    any such assets or Capital Stock shall be determined by the
    Issuer in good faith.
"
Rating Agencies
" means Moody's and
    S&P or if Moody's or S&P or both shall not make a
    rating on the Senior Notes publicly available, a nationally
    recognized statistical rating agency or agencies, as the case
    may be, selected by the Issuer which shall be substituted for
    Moody's or S&P or both, as the case may be.
"
Receivables Facility
" means any of one or more
    receivables financing facilities as amended, supplemented,
    modified, extended, renewed, restated or refunded from time to
    time, the Obligations of which are non-recourse (except for
    customary representations, warranties, covenants and indemnities
    made in connection with such facilities) to the Issuer or any of
    its Restricted Subsidiaries (other than a Receivables
    Subsidiary) pursuant to which the Issuer or any of its
    Restricted Subsidiaries sells its accounts receivable to either
    (a) a Person that is not a Restricted Subsidiary or
    (b) a Receivables Subsidiary that in turn sells its
    accounts receivable to a Person that is not a Restricted
    Subsidiary.
"
Receivables Fees
" means distributions or
    payments made directly or by means of discounts with respect to
    any accounts receivable or participation interest therein issued
    or sold in connection with, and other fees paid to a Person that
    is not a Restricted Subsidiary in connection with, any
    Receivables Facility.
"
Receivables Subsidiary
" means any Subsidiary
    formed for the purpose of, and that solely engages only in one
    or more Receivables Facilities and other activities reasonably
    related thereto.
"
Registration Rights Agreement
" means the
    Registration Rights Agreement related to the Senior Notes dated
    as of the Issue Date, among the Issuer, the Guarantors and the
    Initial Purchasers.
"
Related Business Assets
" means assets (other
    than cash or Cash Equivalents) used or useful in a Similar
    Business,
provided
that any assets received by the Issuer
    or a Restricted Subsidiary in exchange for assets transferred by
    the Issuer or a Restricted Subsidiary shall not be deemed to be
    Related Business Assets if they consist of securities of a
    Person, unless upon receipt of the securities of such Person,
    such Person would become a Restricted Subsidiary.
"
Restricted Investment
" means an Investment
    other than a Permitted Investment.
"
Restricted Subsidiary
" means, at any time, any
    direct or indirect Subsidiary of the Issuer (including any
    Foreign Subsidiary) that is not then an Unrestricted Subsidiary;
provided
,
however
, that upon the occurrence of an
    Unrestricted Subsidiary ceasing to be an Unrestricted
    Subsidiary, such Subsidiary shall be included in the definition
    of "Restricted Subsidiary."
"
S&P
" means Standard &
    Poor's, a division of The McGraw-Hill Companies, Inc., and
    any successor to its rating agency business.
"
Sale and Lease-Back Transaction
" means any
    arrangement providing for the leasing by the Issuer or any of
    its Restricted Subsidiaries of any real or tangible personal
    property, which property has been or is to be sold or
    transferred by the Issuer or such Restricted Subsidiary to a
    third Person in contemplation of such leasing.
"
SEC
" means the U.S. Securities and
    Exchange Commission.
"
Secured Indebtedness
" means any Indebtedness
    of the Issuer or any of its Restricted Subsidiaries secured by a
    Lien.
"
Securities Act
" means the Securities Act of
    1933, as amended, and the rules and regulations of the SEC
    promulgated thereunder.
"
Senior Credit Facilities
" means the Credit
    Facility under the Credit Agreement dated as of August 11,
    2005, as amended as of the Issue Date, by and among SunGard
    Holdco LLC, the Issuer, the lenders party
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thereto in their capacities as lenders thereunder and JPMorgan
    Chase Bank, N.A., as Administrative Agent, including any
    guarantees, collateral documents, instruments and agreements
    executed in connection therewith, and any amendments,
    supplements, modifications, extensions, renewals, restatements,
    refundings or refinancings thereof and any indentures or credit
    facilities or commercial paper facilities with banks or other
    institutional lenders or investors that replace, refund or
    refinance any part of the loans, notes, other credit facilities
    or commitments thereunder, including any such replacement,
    refunding or refinancing facility or indenture that increases
    the amount borrowable thereunder or alters the maturity thereof
    (
provided
that such increase in borrowings is permitted
    under "Certain Covenants — Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock" above).
"
Senior Indebtedness
" means:
(1) all Indebtedness of the Issuer or any Guarantor
    outstanding under the Senior Credit Facilities, the Existing
    Senior Secured Notes, the Existing Senior Notes or Senior Notes
    and related Guarantees (including interest accruing on or after
    the filing of any petition in bankruptcy or similar proceeding
    or for reorganization of the Issuer or any Guarantor (at the
    rate provided for in the documentation with respect thereto,
    regardless of whether or not a claim for post-filing interest is
    allowed in such proceedings)), and any and all other fees,
    expense reimbursement obligations, indemnification amounts,
    penalties, and other amounts (whether existing on the Issue Date
    or thereafter created or incurred) and all obligations of the
    Issuer or any Guarantor to reimburse any bank or other Person in
    respect of amounts paid under letters of credit, acceptances or
    other similar instruments;
(2) all Hedging Obligations (and guarantees thereof) owing
    to a Lender (as defined in the Senior Credit Facilities) or any
    Affiliate of such Lender (or any Person that was a Lender or an
    Affiliate of such Lender at the time the applicable agreement
    giving rise to such Hedging Obligation was entered into),
provided
that such Hedging Obligations are permitted to
    be incurred under the terms of the Indenture;
(3) any other Indebtedness of the Issuer or any Guarantor
    permitted to be incurred under the terms of the Indenture,
    unless the instrument under which such Indebtedness is incurred
    expressly provides that it is on a parity with or subordinated
    in right of payment to the Senior Subordinated Notes or any
    related Guarantee; and
(4) all Obligations with respect to the items listed in the
    preceding clauses (1), (2) and (3);
provided
,
however
, that Senior Indebtedness shall
    not include:
(a) any obligation of such Person to the Issuer or any of
    its Subsidiaries;
(b) any liability for federal, state, local or other taxes
    owed or owing by such Person;
(c) any accounts payable or other liability to trade
    creditors arising in the ordinary course of business;
(d) any Indebtedness or other Obligation of such Person
    which is subordinate or junior in any respect to any other
    Indebtedness or other Obligation of such Person; or
(e) that portion of any Indebtedness which at the time of
    incurrence is incurred in violation of the Indenture.
"
Significant Subsidiary
" means any Restricted
    Subsidiary that would be a "significant subsidiary" as
    defined in Article 1,
Rule 1-02
of Regulation S-X, promulgated pursuant to the Securities Act,
    as such regulation is in effect on the Issue Date.
"
Similar Business
" means any business conducted
    or proposed to be conducted by the Issuer and its Restricted
    Subsidiaries on the Issue Date or any business that is similar,
    reasonably related, incidental or ancillary thereto.
"
Sponsor Management Agreement
" means the
    management agreement between certain of the management companies
    associated with the Investors and SunGard.
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"
Subordinated Indebtedness
" means, with respect
    to the Senior Notes,
(1) any Indebtedness of the Issuer which is by its terms
    subordinated in right of payment to the Senior Notes, and
(2) any Indebtedness of any Guarantor which is by its terms
    subordinated in right of payment to the Guarantee of such entity
    of the Senior Notes.
"
Subsidiary
" means, with respect to any Person:
(1) any corporation, association, or other business entity
    (other than a partnership, joint venture, limited liability
    company or similar entity) of which more than 50% of the total
    voting power of shares of Capital Stock entitled (without regard
    to the occurrence of any contingency) to vote in the election of
    directors, managers or trustees thereof is at the time of
    determination owned or controlled, directly or indirectly, by
    such Person or one or more of the other Subsidiaries of that
    Person or a combination thereof or is consolidated under GAAP
    with such Person at such time; and
(2) any partnership, joint venture, limited liability
    company or similar entity of which
(x) more than 50% of the capital accounts, distribution
    rights, total equity and voting interests or general or limited
    partnership interests, as applicable, are owned or controlled,
    directly or indirectly, by such Person or one or more of the
    other Subsidiaries of that Person or a combination thereof
    whether in the form of membership, general, special or limited
    partnership or otherwise, and
(y) such Person or any Restricted Subsidiary of such Person
    is a controlling general partner or otherwise controls such
    entity.
"
Total Assets
" means the total assets of the
    Issuer and its Restricted Subsidiaries on a consolidated basis,
    as shown on the most recent balance sheet of the Issuer or such
    other Person as may be expressly stated.
"
Transaction
" means the transactions
    contemplated by the Transaction Agreement, the issuance of the
    Existing Senior Notes and the Existing Senior Subordinated
    Notes, the granting of Liens on the Existing Senior Secured
    Notes, fundings under any Receivables Facility and borrowings
    under the Senior Credit Facilities as in effect on or since
    August 11, 2005.
"
Transaction Agreement
" means the Agreement and
    Plan of Merger, dated as of March 27, 2005 between Solar
    Capital Corp. and SunGard as amended from time to time prior to
    August 11, 2005.
"
Treasury Rate
" means, as of any
    Redemption Date, the yield to maturity as of such
    Redemption Date of United States Treasury securities with a
    constant maturity (as compiled and published in the most recent
    Federal Reserve Statistical Release H.15 (519) that has
    become publicly available at least two Business Days prior to
    the Redemption Date (or, if such Statistical Release is no
    longer published, any publicly available source of similar
    market data)) most nearly equal to the period from the
    Redemption Date to April 1, 2012;
provided
,
however
, that if the period from the Redemption Date
    to April 1, 2012 is less than one year, the weekly average
    yield on actually traded United States Treasury securities
    adjusted to a constant maturity of one year will be used.
"
Trust Indenture Act
" means the
    Trust Indenture Act of 1939, as amended (15 U.S.C
§§ 77aaa-777bbbb).
"
Unrestricted Subsidiary
" means:
(1) any Subsidiary of the Issuer which at the time of
    determination is an Unrestricted Subsidiary (as designated by
    the Issuer, as provided below); and
(2) any Subsidiary of an Unrestricted Subsidiary.
The Issuer may designate any Subsidiary of the Issuer (including
    any existing Subsidiary and any newly acquired or newly formed
    Subsidiary) to be an Unrestricted Subsidiary unless such
    Subsidiary or any of its Subsidiaries owns any Equity Interests
    or Indebtedness of, or owns or holds any Lien on, any property
    of, the Issuer or any Subsidiary of the Issuer (other than
    solely any Subsidiary of the Subsidiary to be so designated);
provided
that
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(1) any Unrestricted Subsidiary must be an entity of which
    the Equity Interests entitled to cast at least a majority of the
    votes that may be cast by all Equity Interests having ordinary
    voting power for the election of directors or Persons performing
    a similar function are owned, directly or indirectly, by the
    Issuer;
(2) such designation complies with the covenants described
    under "Certain Covenants — Limitation on
    Restricted Payments"; and
(3) each of:
(a) the Subsidiary to be so designated; and
(b) its Subsidiaries
has not at the time of designation, and does not thereafter,
    create, incur, issue, assume, guarantee or otherwise become
    directly or indirectly liable with respect to any Indebtedness
    pursuant to which the lender has recourse to any of the assets
    of the Issuer or any Restricted Subsidiary.
The Issuer may designate any Unrestricted Subsidiary to be a
    Restricted Subsidiary;
provided
that, immediately after
    giving effect to such designation, no Default shall have
    occurred and be continuing and either:
(1) the Issuer could incur at least $1.00 of additional
    Indebtedness pursuant to the Fixed Charge Coverage Ratio test
    described in the first paragraph under "Certain
    Covenants— Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred
    Stock"; or
(2) the Fixed Charge Coverage Ratio for the Issuer its
    Restricted Subsidiaries would be greater than such ratio for the
    Issuer and its Restricted Subsidiaries immediately prior to such
    designation,
in each case on a
pro forma
basis taking into account
    such designation.
Any such designation by the Issuer shall be notified by the
    Issuer to the Trustee by promptly filing with the Trustee a copy
    of the resolution of the board of directors of the Issuer or any
    committee thereof giving effect to such designation and an
    Officer's Certificate certifying that such designation
    complied with the foregoing provisions.
"
Voting Stock
" of any Person as of any date
    means the Capital Stock of such Person that is at the time
    entitled to vote in the election of the board of directors of
    such Person.
"
Weighted Average Life to Maturity
" means, when
    applied to any Indebtedness, Disqualified Stock or Preferred
    Stock, as the case may be, at any date, the quotient obtained by
    dividing:
(1) the sum of the products of the number of years from the
    date of determination to the date of each successive scheduled
    principal payment of such Indebtedness or redemption or similar
    payment with respect to such Disqualified Stock or Preferred
    Stock multiplied by the amount of such payment; by
(2) the sum of all such payments.
"
Wholly Owned Subsidiary
" of any Person means a
    Subsidiary of such Person, 100% of the outstanding Equity
    Interests of which (other than directors' qualifying
    shares) shall at the time be owned by such Person or by one or
    more Wholly Owned Subsidiaries of such Person.
DESCRIPTION
    OF SENIOR SUBORDINATED NOTES
General
Certain terms used in this description are defined under the
    subheading "Certain Definitions." In this description,
    (i) the terms "
we
," "
our
"
    and "
us
" each refer to (a) prior to the
    consummation of the Acquisition, Solar Capital Corp. and not any
    of its Affiliates and (b) from and after the consummation
    of the Acquisition, SunGard Data Systems Inc.
    ("
SunGard
") and its consolidated Subsidiaries,
    assuming completion of the
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Transaction; and (ii) the term "
Issuer
"
    refers only to (a) prior to the consummation of the
    Acquisition, Solar Capital Corp. and not any of its Affiliates
    and (b) from and after the consummation of the Acquisition,
    SunGard Data Systems Inc. and not any of its Subsidiaries.
The Issuer issued $1,000 million aggregate principal amount
    of
    10
1
/
4
% senior
    subordinated notes due 2015 (the "
Senior Subordinated
    Notes
") under an indenture dated August 11, 2005
    (the "
Indenture
") among the Issuer, the
    Guarantors and The Bank of New York, as trustee (the
    "
Trustee
"). The Senior Subordinated Notes were
    issued in a private transaction that was not subject to the
    registration requirements of the Securities Act. Except as set
    forth herein, the terms of the Senior Subordinated Notes are
    substantially identical and include those stated in the
    Indenture and those made part of the Indenture by reference to
    the Trust Indenture Act.
The following description is only a summary of the material
    provisions of the Indenture, does not purport to be complete and
    is qualified in its entirety by reference to the provisions of
    those agreements, including the definitions therein of certain
    terms used below. We urge you to read the Indenture because it,
    not this description, defines your rights as Holders of the
    Senior Subordinated Notes. You may request copies of the
    Indenture at our address set forth under the heading
    "Prospectus Summary."
Brief
    Description of Senior Subordinated Notes
The Senior Subordinated Notes are:
•
unsecured senior subordinated obligations of the Issuer;
•
subordinated in right of payment to all existing and future
    Senior Indebtedness (including the Senior Credit Facilities, the
    Senior Secured Notes and the Senior Notes) of the Issuer;
•
effectively subordinated to all secured Indebtedness of the
    Issuer (including the Senior Credit Facilities and Senior
    Secured Notes);
•
senior in right of payment to any future Subordinated
    Indebtedness (as defined with respect to the Senior Subordinated
    Notes) of the Issuer;
•
initially guaranteed on an unsecured senior subordinated basis
    by each Restricted Subsidiary that guarantees the Senior Credit
    Facilities; and
•
subject to registration with the SEC pursuant to a Registration
    Rights Agreement.
Guarantees
The Guarantors, as primary obligors and not merely as sureties,
    jointly and severally irrevocably and unconditionally guarantee,
    on an unsecured senior subordinated basis, the performance and
    full and punctual payment when due, whether at maturity, by
    acceleration or otherwise, of all obligations of the Issuer
    under the Indenture and the Senior Subordinated Notes, whether
    for payment of principal of or interest on or Additional
    Interest in respect of the Senior Subordinated Notes, expenses,
    indemnification or otherwise, on the terms set forth in the
    Indenture by executing the Indenture.
The Restricted Subsidiaries (other than as detailed below)
    guarantee the Senior Subordinated Notes. Each of the Guarantees
    of the Senior Subordinated Notes is a general unsecured
    obligation of each Guarantor, is subordinated in right of
    payment to all existing and future Senior Indebtedness of each
    such entity and is effectively subordinated to all secured
    Indebtedness of each such entity. The Senior Subordinated Notes
    are structurally subordinated to Indebtedness of Subsidiaries of
    the Issuer that do not Guarantee the Senior Subordinated Notes.
Not all of the Issuer's Subsidiaries Guarantee the Senior
    Subordinated Notes. In the event of a bankruptcy, liquidation or
    reorganization of any of these non-guarantor Subsidiaries, the
    non-guarantor Subsidiaries will pay the holders of their debt
    and their trade creditors before they will be able to distribute
    any of their assets to the Issuer. None of our Foreign
    Subsidiaries, broker-dealer subsidiaries, non-Wholly Owned
    Subsidiaries (subject to certain limited exceptions) or any
    Receivables Subsidiary guarantee the Senior Subordinated Notes.
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As of December 31, 2009, the non-guarantor Subsidiaries
    generated 40% and 20% of SunGard's total revenue and
    EBITDA, respectively. In addition, as of December 31, 2009,
    the non-guarantor Subsidiaries held 29% of SunGard's
    consolidated assets.
The obligations of each Guarantor under its Guarantees are
    limited as necessary to prevent the Guarantees from constituting
    a fraudulent conveyance under applicable law.
Any entity that makes a payment under its Guarantee is entitled
    upon payment in full of all guaranteed obligations under the
    Indenture to a contribution from each other Guarantor in an
    amount equal to such other Guarantor's pro rata portion of
    such payment based on the respective net assets of all the
    Guarantors at the time of such payment determined in accordance
    with GAAP.
If a Guarantee were rendered voidable, it could be subordinated
    by a court to all other indebtedness (including guarantees and
    other contingent liabilities) of the Guarantor, and, depending
    on the amount of such indebtedness, a Guarantor's liability
    on its Guarantee could be reduced to zero. See "Risk
    Factors — Risks Related to the Notes —
    Federal and state fraudulent transfer laws may permit a court to
    void the notes and the related guarantees of the notes, and, if
    that occurs, you may not receive any payments on the notes."
A Guarantee by a Guarantor shall provide by its terms that it
    shall be automatically and unconditionally released and
    discharged upon:
(1) (a) any sale, exchange or transfer (by merger or
    otherwise) of the Capital Stock of such Guarantor (including any
    sale, exchange or transfer), after which the applicable
    Guarantor is no longer a Restricted Subsidiary or all or
    substantially all the assets of such Guarantor which sale,
    exchange or transfer is made in compliance with the applicable
    provisions of the Indenture;
(b) the release or discharge of the guarantee by such
    Guarantor of the Senior Credit Facilities or the guarantee which
    resulted in the creation of such Guarantee, except a discharge
    or release by or as a result of payment under such guarantee;
(c) the proper designation of any Restricted Subsidiary
    that is a Guarantor as an Unrestricted Subsidiary; or
(d) the Issuer exercising its legal defeasance option or
    covenant defeasance option as described under "Legal
    Defeasance and Covenant Defeasance" or the Issuer's
    obligations under the Indenture being discharged in accordance
    with the terms of the Indenture; and
(2) such Guarantor delivering to the Trustee an
    Officer's Certificate and an Opinion of Counsel, each
    stating that all conditions precedent provided for in the
    Indenture relating to such transaction have been complied with.
Ranking
Senior
    Indebtedness Versus the Senior Subordinated Notes
The payment of the principal of, premium, if any, and interest
    on the Senior Subordinated Notes and the payment of any
    Guarantee are subordinate in right of payment to the prior
    payment in cash in full of all Senior Indebtedness of the Issuer
    or the relevant Guarantor, as the case may be, including the
    obligations of the Issuer and such Guarantor under the Senior
    Credit Facilities, the Senior Secured Notes and the Senior Notes.
The Senior Subordinated Notes are subordinated in right of
    payment to all of the Issuer's and the Guarantor's
    existing and future Senior Indebtedness and effectively
    subordinated to all of the Issuer's and the
    Guarantor's existing and future Secured Indebtedness to the
    extent of the value of the assets securing such Indebtedness. As
    of December 31, 2009, SunGard had $7,067 million of
    Senior Indebtedness (of which $4,967 million was secured
    Indebtedness, consisting entirely of secured Indebtedness under
    the Senior Credit Facilities and the Senior Secured Notes (which
    have a face amount of $250 million, but are recorded at
    $234 million and were secured as of the Issue Date)). As of
    December 31, 2009, $250 million was outstanding under
    our Receivables Facility.
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Although the Indenture contains limitations on the amount of
    additional Indebtedness that the Issuer and the Guarantors may
    incur, under certain circumstances the amount of such
    Indebtedness could be substantial and, in any case, such
    Indebtedness may be Senior Indebtedness. See "Certain
    Covenants — Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock."
Paying
    Agent and Registrar for the Senior Subordinated Notes
The Issuer maintains one or more paying agents for the Senior
    Subordinated Notes in the Borough of Manhattan, City of New
    York. The initial paying agent for the Senior Subordinated Notes
    is the Trustee.
The Issuer also maintains a registrar with offices in the
    Borough of Manhattan, City of New York. The initial registrar is
    the Trustee. The registrar maintains a register reflecting
    ownership of the Senior Subordinated Notes outstanding from time
    to time and makes payments on and facilitate transfer of Senior
    Subordinated Notes on behalf of the Issuer.
The Issuer may change the paying agents or the registrars
    without prior notice to the Holders. The Issuer or any of its
    Subsidiaries may act as a paying agent or registrar.
Subordination
    of the Senior Subordinated Notes
Only Indebtedness of the Issuer or a Guarantor that is Senior
    Indebtedness will rank senior to the Senior Subordinated Notes
    and the Guarantees in accordance with the provisions of the
    Indenture. The Senior Subordinated Notes and Guarantees will in
    all respects rank
pari passu
with all other Senior
    Subordinated Indebtedness of the Issuer and the relevant
    Guarantor, respectively.
We agree in the Indenture that the Issuer and the Guarantors
    will not incur any Indebtedness that is subordinate or junior in
    right of payment to the Senior Indebtedness of such Person,
    unless such Indebtedness is Senior Subordinated Indebtedness of
    the applicable Person or is expressly subordinated in right of
    payment to Senior Subordinated Indebtedness of such Person. The
    Indenture does not treat (i) unsecured Indebtedness as
    subordinated or junior to Secured Indebtedness merely because it
    is unsecured or (ii) Senior Indebtedness as subordinated or
    junior to any other Senior Indebtedness merely because it has a
    junior priority with respect to the same collateral.
Neither the Issuer nor any Guarantor is permitted to pay
    principal of, premium, if any, or interest on the Senior
    Subordinated Notes (or pay any other obligations relating to the
    Senior Subordinated Notes, including Additional Interest, fees,
    costs, expenses, indemnities and rescission or damage claims) or
    make any deposit pursuant to the provisions described under
    "Legal Defeasance and Covenant Defeasance" or
    "Satisfaction and Discharge" below and may not
    purchase, redeem or otherwise retire any Senior Subordinated
    Notes (collectively, "
pay the notes
") (except
    in the form of Permitted Junior Securities) if either of the
    following occurs (a "
Payment Default
"):
(1) any Obligation on any Designated Senior Indebtedness of
    the Issuer is not paid in full in cash when due (after giving
    effect to any applicable grace period); or
(2) any other default on Designated Senior Indebtedness of
    the Issuer occurs and the maturity of such Designated Senior
    Indebtedness is accelerated in accordance with its terms;
unless, in either case, the Payment Default has been cured or
    waived and any such acceleration has been rescinded or such
    Designated Senior Indebtedness has been paid in full in cash.
    Regardless of the foregoing, the Issuer is permitted to pay the
    Senior Subordinated Notes if the Issuer and the Trustee receive
    written notice approving such payment from the Representatives
    of all Designated Senior Indebtedness with respect to which the
    Payment Default has occurred and is continuing.
During the continuance of any default (other than a Payment
    Default) (a "
Non-Payment Default
") with respect
    to any Designated Senior Indebtedness pursuant to which the
    maturity thereof may be accelerated without further notice
    (except such notice as may be required to effect such
    acceleration) or the expiration of any applicable grace periods,
    the Issuer is not permitted to pay the Senior Subordinated Notes
    (except in the form of Permitted Junior Securities) for a period
    (a "
Payment Blockage Period
") commencing upon
    the receipt
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by the Trustee (with a copy to the Issuer) of written notice (a
    "
Blockage Notice
") of such Non-Payment Default
    from the Representative of such Designated Senior Indebtedness
    specifying an election to effect a Payment Blockage Period and
    ending 179 days thereafter. The Payment Blockage Period
    will end earlier if such Payment Blockage Period is terminated:
(1) by written notice to the Trustee and the Issuer from
    the Person or Persons who gave such Blockage Notice;
(2) because the default giving rise to such Blockage Notice
    is cured, waived or otherwise no longer continuing; or
(3) because such Designated Senior Indebtedness has been
    discharged or repaid in full in cash.
Notwithstanding the provisions described above, unless the
    holders of such Designated Senior Indebtedness or the
    Representative of such Designated Senior Indebtedness have
    accelerated the maturity of such Designated Senior Indebtedness,
    the Issuer and related Guarantors are permitted to resume paying
    the Senior Subordinated Notes after the end of such Payment
    Blockage Period. The Senior Subordinated Notes shall not be
    subject to more than one Payment Blockage Period in any
    consecutive
360-day
period irrespective of the number of defaults with respect to
    Designated Senior Indebtedness during such period;
provided
that if any Blockage Notice is delivered to the Trustee by
    or on behalf of the holders of Designated Senior Indebtedness of
    the Issuer (other than the holders of Indebtedness under the
    Senior Credit Facilities), a Representative of holders of
    Indebtedness under the Senior Credit Facilities may give another
    Blockage Notice within such period. However, in no event may the
    total number of days during which any Payment Blockage Period or
    Periods on the Senior Subordinated Notes is in effect exceed
    179 days in the aggregate during any consecutive
360-day
period, and there must be at least 181 days during any
    consecutive
360-day
period during which no Payment Blockage Period is in effect.
    Notwithstanding the foregoing, however, no default that existed
    or was continuing on the date of delivery of any Blockage Notice
    to the Trustee will be, or be made, the basis for a subsequent
    Blockage Notice unless such default has been waived for a period
    of not less than 90 days (it being acknowledged that any
    subsequent action, or any breach of any financial covenants
    during the period after the date of delivery of a Blockage
    Notice, that, in either case, would give rise to a Non-Payment
    Default pursuant to any provisions under which a Non-Payment
    Default previously existed or was continuing shall constitute a
    new Non-Payment Default for this purpose).
In connection with the Senior Subordinated Notes, in the event
    of any payment or distribution of the assets of the Issuer upon
    a total or partial liquidation or dissolution or reorganization
    of or similar proceeding relating to the Issuer or its property:
(1) the holders of Senior Indebtedness of the Issuer will
    be entitled to receive payment in full in cash of such Senior
    Indebtedness before the Holders of the Senior Subordinated Notes
    are entitled to receive any payment;
(2) until the Senior Indebtedness of the Issuer is paid in
    full in cash, any payment or distribution to which Holders of
    the Senior Subordinated Notes would be entitled but for the
    subordination provisions of the Indenture will be made to
    holders of such Senior Indebtedness as their interests may
    appear, except that Holders of Senior Subordinated Notes may
    receive Permitted Junior Securities; and
(3) if a distribution is made to Holders of the Senior
    Subordinated Notes that, due to the subordination provisions,
    should not have been made to them, such Holders of the Senior
    Subordinated Notes are required to hold it in trust for the
    holders of Senior Indebtedness of the Issuer and pay it over to
    them as their interests may appear.
The subordination and payment blockage provisions described
    above will not prevent a Default from occurring under the
    Indenture upon the failure of the Issuer to pay interest or
    principal with respect to the Senior Subordinated Notes when due
    by their terms. If payment of the Senior Subordinated Notes is
    accelerated because of an Event of Default, the Issuer must
    promptly notify the holders of Designated Senior Indebtedness or
    the Representative of such Designated Senior Indebtedness of the
    acceleration. So long as there shall remain outstanding any
    Senior Indebtedness under the Senior Credit Facilities, a
    Blockage Notice
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may be given only by the administrative agent thereunder unless
    otherwise agreed to in writing by the requisite lenders named
    therein. If any Designated Senior Indebtedness of the Issuer is
    outstanding, neither the Issuer nor any Guarantor may pay the
    Senior Subordinated Notes until five Business Days after the
    Representatives of all the issuers of such Designated Senior
    Indebtedness receive notice of such acceleration and,
    thereafter, may pay the Senior Subordinated Notes only if the
    Indenture otherwise permits payment at that time.
Each Guarantor's obligations under its Guarantee are senior
    subordinated obligations of that Guarantor. As such, the rights
    of Holders to receive payment pursuant to such Guarantee will be
    subordinated in right of payment to the rights of holders of
    Senior Indebtedness of such Guarantor. The terms of the
    subordination and payment blockage provisions described above
    with respect to the Issuer's obligations under the Senior
    Subordinated Notes apply equally to the obligations of such
    Guarantor under its Guarantee.
A Holder by its acceptance of Senior Subordinated Notes agrees
    to be bound by such provisions and authorizes and expressly
    directs the Trustee, on its behalf, to take such action as may
    be necessary or appropriate to effectuate the subordination
    provided for in the Indenture and appoints the Trustee its
    attorney-in-fact for such purpose.
By reason of the subordination provisions contained in the
    Indenture, in the event of a liquidation or insolvency
    proceeding, creditors of the Issuer or a Guarantor who are
    holders of Senior Indebtedness of the Issuer or such Guarantor,
    as the case may be, may recover more, ratably, than the Holders
    of the Senior Subordinated Notes, and creditors who are not
    holders of Senior Indebtedness may recover less, ratably, than
    holders of Senior Indebtedness and may recover more, ratably,
    than the Holders of the Senior Subordinated Notes.
The terms of the subordination provisions described above will
    not apply to payments from money or the proceeds of Government
    Securities held in trust by the Trustee for the payment of
    principal of and interest on the Senior Subordinated Notes
    pursuant to the provisions described under "Legal
    Defeasance and Covenant Defeasance" or "Satisfaction
    and Discharge," if the foregoing subordination provisions
    were not violated at the time the applicable amounts were
    deposited in trust pursuant to such provisions.
Transfer
    and Exchange
A Holder may transfer or exchange Senior Subordinated Notes in
    accordance with the Indenture. The registrar and the Trustee may
    require a Holder to furnish appropriate endorsements and
    transfer documents in connection with a transfer of Senior
    Subordinated Notes. Holders will be required to pay all taxes
    due on transfer. The Issuer is not required to transfer or
    exchange any Senior Subordinated Note selected for redemption.
    Also, the Issuer is not required to transfer or exchange any
    Senior Subordinated Note for a period of 15 days before a
    selection of Senior Subordinated Notes to be redeemed.
Principal,
    Maturity and Interest
The Issuer issued $1,000 million of Senior Subordinated
    Notes in this offering. The Senior Subordinated Notes mature on
    August 15, 2015. Subject to compliance with the covenant
    described below under the caption "Certain
    Covenants — Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock,"
    the Issuer may issue additional Senior Subordinated Notes from
    time to time after this offering under the Indenture
    ("
Additional Senior Subordinated Notes
"). The
    Senior Subordinated Notes offered by the Issuer and any
    Additional Senior Subordinated Notes subsequently issued under
    the Indenture will be treated as a single class for all purposes
    under the Indenture, including waivers, amendments, redemptions
    and offers to purchase. Unless the context requires otherwise,
    references to "Senior Subordinated Notes" for all
    purposes of the Indenture and this "Description of Senior
    Subordinated Notes" include any Additional Senior
    Subordinated Notes that are actually issued.
Interest on the Senior Subordinated Notes accrues at the rate of
    10
1
/
4
%
    per annum and is payable semi-annually in arrears on February 15
    and August 15, commencing on February 15, 2006 to the
    Holders of Senior Subordinated Notes of record on the
    immediately preceding February 1 and August 1. Interest on
    the Senior
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Subordinated Notes accrues from the most recent date to which
    interest has been paid or, if no interest has been paid, from
    and including the Issue Date. Interest on the Senior
    Subordinated Notes is computed on the basis of a 360 day
    year comprised of twelve 30 day months.
Additional
    Interest
Additional Interest may accrue on the Senior Subordinated Notes
    in certain circumstances pursuant to the Registration Rights
    Agreement. All references in the Indenture, in any context, to
    any interest or other amount payable on or with respect to the
    Senior Subordinated Notes shall be deemed to include any
    Additional Interest pursuant to the Registration Rights
    Agreement. Principal of, premium, if any, and interest on the
    Senior Subordinated Notes are payable at the office or agency of
    the Issuer maintained for such purpose within the City and State
    of New York or, at the option of the Issuer, payment of interest
    may be made by check mailed to the Holders of the Senior
    Subordinated Notes at their respective addresses set forth in
    the register of Holders;
provided
that all payments of
    principal, premium, if any, and interest with respect to the
    Senior Subordinated Notes represented by one or more global
    notes registered in the name of or held by DTC or its nominee
    are made by wire transfer of immediately available funds to the
    accounts specified by the Holder or Holders thereof. Until
    otherwise designated by the Issuer, the Issuer's office or
    agency in New York is the office of the Trustee maintained for
    such purpose.
Mandatory
    Redemption; Offers to Purchase; Open Market Purchases
The Issuer is not required to make any mandatory redemption or
    sinking fund payments with respect to the Senior Subordinated
    Notes. However, under certain circumstances, the Issuer may be
    required to offer to purchase Senior Subordinated Notes as
    described under the caption "Repurchase at the Option of
    Holders." We may at any time and from time to time purchase
    Senior Subordinated Notes in the open market or otherwise.
Optional
    Redemption
Except as set forth below, the Issuer is not entitled to redeem
    the Senior Subordinated Notes at its option prior to
    August 15, 2010.
At any time prior to August 15, 2010 the Issuer may redeem
    all or a part of the Senior Subordinated Notes, upon not less
    than 30 nor more than 60 days' prior notice mailed by
    first-class mail to the registered address of each Holder, at a
    redemption price equal to 100% of the principal amount of Senior
    Subordinated Notes redeemed plus the Applicable Premium as of,
    and accrued and unpaid interest and Additional Interest, if any,
    to the date of redemption (the
    "
Redemption Date
"), subject to the rights
    of Holders on the relevant record date to receive interest due
    on the relevant interest payment date.
On and after August 15, 2010 the Issuer may redeem the
    Senior Subordinated Notes, in whole or in part, upon notice as
    described under the heading "Repurchase at the Option of
    Holders — Selection and Notice" at the redemption
    prices (expressed as percentages of principal amount of the
    Senior Subordinated Notes to be redeemed) set forth below, plus
    accrued and unpaid interest thereon and Additional Interest, if
    any, to the applicable Redemption Date, subject to the
    right of Holders of record on the relevant record date to
    receive interest due on the relevant interest payment date, if
    redeemed during the twelve-month period beginning on August 15
    of each of the years indicated below:
Year
Percentage
2010
105.125
%
2011
103.417
%
2012
101.708
%
2013 and thereafter
100.000
%
In addition, until August 15, 2008, the Issuer may, at its
    option, redeem up to 35% of the aggregate principal amount of
    Senior Subordinated Notes issued by it at a redemption price
    equal to 110.25% of the aggregate principal amount thereof, plus
    accrued and unpaid interest thereon and Additional Interest, if
    any, to
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the applicable Redemption Date, subject to the right of
    Holders of Senior Subordinated Notes of record on the relevant
    record date to receive interest due on the relevant interest
    payment date, with the net cash proceeds of one or more Equity
    Offerings;
provided
that at least 50% of the sum of the
    aggregate principal amount of Senior Subordinated Notes
    originally issued under the Indenture and any Additional Senior
    Subordinated Notes that are Senior Subordinated Notes issued
    under the Indenture after the Issue Date remains outstanding
    immediately after the occurrence of each such redemption;
provided further
that each such redemption occurs within
    90 days of the date of closing of each such Equity Offering.
Notice of any redemption upon any Equity Offering may be given
    prior to the redemption thereof, and any such redemption or
    notice may, at the Issuer's discretion, be subject to one
    or more conditions precedent, including, but not limited to,
    completion of the related Equity Offering.
The Trustee shall select the Senior Subordinated Notes to be
    purchased in the manner described under "Repurchase at the
    Option of Holders — Selection and Notice."
Repurchase
    at the Option of Holders
Change
    of Control
The Senior Subordinated Notes provide that if a Change of
    Control occurs, unless the Issuer has previously or concurrently
    mailed a redemption notice with respect to all the outstanding
    Senior Subordinated Notes as described under "Optional
    Redemption," the Issuer will make an offer to purchase all
    of the Senior Subordinated Notes pursuant to the offer described
    below (the "
Change of Control Offer
") at a
    price in cash (the "
Change of Control Payment
")
    equal to 101% of the aggregate principal amount thereof plus
    accrued and unpaid interest and Additional Interest, if any, to
    the date of purchase, subject to the right of Holders of the
    Senior Subordinated Notes of record on the relevant record date
    to receive interest due on the relevant interest payment date.
    Within 30 days following any Change of Control, the Issuer
    will send notice of such Change of Control Offer by first-class
    mail, with a copy to the Trustee, to each Holder of Senior
    Subordinated Notes to the address of such Holder appearing in
    the security register with a copy to the Trustee, with the
    following information:
(1) that a Change of Control Offer is being made pursuant
    to the covenant entitled "Change of Control," and that
    all Senior Subordinated Notes properly tendered pursuant to such
    Change of Control Offer will be accepted for payment by the
    Issuer;
(2) the purchase price and the purchase date, which will be
    no earlier than 30 days nor later than 60 days from
    the date such notice is mailed (the "
Change of Control
    Payment Date
");
(3) that any Senior Subordinated Note not properly tendered
    will remain outstanding and continue to accrue interest;
(4) that unless the Issuer defaults in the payment of the
    Change of Control Payment, all Senior Subordinated Notes
    accepted for payment pursuant to the Change of Control Offer
    will cease to accrue interest on the Change of Control Payment
    Date;
(5) that Holders electing to have any Senior Subordinated
    Notes purchased pursuant to a Change of Control Offer will be
    required to surrender such Senior Subordinated Notes, with the
    form entitled "Option of Holder to Elect Purchase" on
    the reverse of such Senior Subordinated Notes completed, to the
    paying agent specified in the notice at the address specified in
    the notice prior to the close of business on the third Business
    Day preceding the Change of Control Payment Date;
(6) that Holders will be entitled to withdraw their
    tendered Senior Subordinated Notes and their election to require
    the Issuer to purchase such Senior Subordinated Notes,
provided
that the paying agent receives, not later than
    the close of business on the 30th day following the date of
    the Change of Control notice, a telegram, telex, facsimile
    transmission or letter setting forth the name of the Holder of
    the Senior Subordinated Notes, the principal amount of Senior
    Subordinated Notes tendered for purchase, and a statement that
    such Holder is withdrawing its tendered Senior Subordinated
    Notes and its election to have such Senior Subordinated Notes
    purchased;
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(7) that if the Issuer is redeeming less than all of the
    Senior Subordinated Notes, the Holders of the remaining Senior
    Subordinated Notes will be issued new Senior Subordinated Notes
    and such new Senior Subordinated Notes will be equal in
    principal amount to the unpurchased portion of the Senior
    Subordinated Notes surrendered. The unpurchased portion of the
    Senior Subordinated Notes must be equal to $2,000 or an integral
    multiple thereof; and
(8) the other instructions, as determined by us, consistent
    with the covenant described hereunder, that a Holder must follow.
The Issuer will comply with the requirements of
Rule 14e-1
under the Exchange Act and any other securities laws and
    regulations thereunder to the extent such laws or regulations
    are applicable in connection with the repurchase of Senior
    Subordinated Notes pursuant to a Change of Control Offer. To the
    extent that the provisions of any securities laws or regulations
    conflict with the provisions of the Indenture, the Issuer will
    comply with the applicable securities laws and regulations and
    shall not be deemed to have breached its obligations described
    in the Indenture by virtue thereof.
On the Change of Control Payment Date, the Issuer will, to the
    extent permitted by law,
(1) accept for payment all Senior Subordinated Notes issued
    by it or portions thereof properly tendered pursuant to the
    Change of Control Offer,
(2) deposit with the paying agent an amount equal to the
    aggregate Change of Control Payment in respect of all Senior
    Subordinated Notes or portions thereof so tendered, and
(3) deliver, or cause to be delivered, to the Trustee for
    cancellation the Senior Subordinated Notes so accepted together
    with an Officer's Certificate to the Trustee stating that
    such Senior Subordinated Notes or portions thereof have been
    tendered to and purchased by the Issuer.
The Senior Credit Facilities and Senior Notes limit, and future
    credit agreements or other agreements relating to Senior
    Indebtedness to which the Issuer becomes a party may prohibit or
    limit, the Issuer from purchasing any Senior Subordinated Notes
    as a result of a Change of Control. The Senior Secured Notes do
    not currently have any such limitations. In the event a Change
    of Control occurs at a time when the Issuer is prohibited from
    purchasing the Senior Subordinated Notes, the Issuer could seek
    the consent of its lenders and the holders of the Senior Notes
    to permit the purchase of the Senior Subordinated Notes or could
    attempt to refinance the borrowings that contain such
    prohibition. If the Issuer does not obtain such consent or repay
    such borrowings, the Issuer will remain prohibited from
    purchasing the Senior Subordinated Notes. In such case, the
    Issuer's failure to purchase tendered Senior Subordinated
    Notes would constitute an Event of Default under the Indenture.
    If, as a result thereof, a default occurs with respect to any
    Senior Indebtedness, the subordination provisions in the
    Indenture would restrict payments to the Holders of Senior
    Subordinated Notes under certain circumstances. The Senior
    Credit Facilities provide that certain change of control events
    with respect to the Issuer would constitute a default thereunder
    (including a Change of Control under the Indenture). If we
    experience a change of control that triggers a default under our
    Senior Credit Facilities, we could seek a waiver of such default
    or seek to refinance our Senior Credit Facilities. In the event
    we do not obtain such a waiver or refinance the Senior Credit
    Facilities, such default could result in amounts outstanding
    under our Senior Credit Facilities being declared due and
    payable and cause a Receivables Facility to be wound-down.
Our ability to pay cash to the Holders of Senior Subordinated
    Notes following the occurrence of a Change of Control may be
    limited by our then-existing financial resources. Therefore,
    sufficient funds may not be available when necessary to make any
    required repurchases.
The Change of Control purchase feature of the Senior
    Subordinated Notes may in certain circumstances make more
    difficult or discourage a sale or takeover of us and, thus, the
    removal of incumbent management. The Change of Control purchase
    feature is a result of negotiations between the Initial
    Purchasers and us. After the Issue Date, we have no present
    intention to engage in a transaction involving a Change of
    Control, although it is possible that we could decide to do so
    in the future. Subject to the limitations discussed below, we
    could, in the future, enter into certain transactions, including
    acquisitions, refinancings or other
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recapitalizations, that would not constitute a Change of Control
    under the Indenture, but that could increase the amount of
    indebtedness outstanding at such time or otherwise affect our
    capital structure or credit ratings. Restrictions on our ability
    to incur additional Indebtedness are contained in the covenants
    described under "Certain Covenants — Limitation
    on Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock" and "Certain
    Covenants — Liens." Such restrictions in the
    Indenture can be waived only with the consent of the Holders of
    a majority in principal amount of the Senior Subordinated Notes
    then outstanding. Except for the limitations contained in such
    covenants, however, the Indenture does not contain any covenants
    or provisions that may afford Holders of the Senior Subordinated
    Notes protection in the event of a highly leveraged transaction.
We will not be required to make a Change of Control Offer
    following a Change of Control if a third party makes the Change
    of Control Offer in the manner, at the times and otherwise in
    compliance with the requirements set forth in the Indenture
    applicable to a Change of Control Offer made by us and purchases
    all Senior Subordinated Notes validly tendered and not withdrawn
    under such Change of Control Offer. Notwithstanding anything to
    the contrary herein, a Change of Control Offer may be made in
    advance of a Change of Control, conditional upon such Change of
    Control, if a definitive agreement is in place for the Change of
    Control at the time of making of the Change of Control Offer.
The definition of "Change of Control" includes a
    disposition of all or substantially all of the assets of the
    Issuer to any Person. Although there is a limited body of case
    law interpreting the phrase "substantially all," there
    is no precise established definition of the phrase under
    applicable law. Accordingly, in certain circumstances there may
    be a degree of uncertainty as to whether a particular
    transaction would involve a disposition of "all or
    substantially all" of the assets of the Issuer. As a
    result, it may be unclear as to whether a Change of Control has
    occurred and whether a Holder of Senior Subordinated Notes may
    require the Issuer to make an offer to repurchase the Senior
    Subordinated Notes as described above.
The provisions under the Indenture relative to the Issuer's
    obligation to make an offer to repurchase the Senior
    Subordinated Notes as a result of a Change of Control may be
    waived or modified with the written consent of the Holders of a
    majority in principal amount of the Senior Subordinated Notes.
Asset
    Sales
The Indenture provides that the Issuer will not, and will not
    permit any of its Restricted Subsidiaries to, cause, make or
    suffer to exist an Asset Sale, unless:
(1) the Issuer or such Restricted Subsidiary, as the case
    may be, receives consideration at the time of such Asset Sale at
    least equal to the fair market value (as determined in good
    faith by the Issuer) of the assets sold or otherwise disposed
    of; and
(2) except in the case of a Permitted Asset Swap, at least
    75% of the consideration therefor received by the Issuer or such
    Restricted Subsidiary, as the case may be, is in the form of
    cash or Cash Equivalents;
provided
that the amount of:
(a) any liabilities (as shown on the Issuer's or such
    Restricted Subsidiary's most recent balance sheet or in the
    footnotes thereto) of the Issuer or such Restricted Subsidiary,
    other than liabilities that are by their terms subordinated to
    the Senior Subordinated Notes, that are assumed by the
    transferee of any such assets and for which the Issuer and all
    of its Restricted Subsidiaries have been validly released by all
    creditors in writing,
(b) any securities received by the Issuer or such
    Restricted Subsidiary from such transferee that are converted by
    the Issuer or such Restricted Subsidiary into cash (to the
    extent of the cash received) within 180 days following the
    closing of such Asset Sale, and
(c) any Designated Non-cash Consideration received by the
    Issuer or such Restricted Subsidiary in such Asset Sale having
    an aggregate fair market value, taken together with all other
    Designated Non-cash Consideration received pursuant to this
    clause (c) that is at that time outstanding, not to exceed
    2.5% of Total Assets at the time of the receipt of such
    Designated Non-cash Consideration,
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with the fair market value of each item of Designated Non-cash
    Consideration being measured at the time received and without
    giving effect to subsequent changes in value, shall be deemed to
    be cash for purposes of this provision and for no other purpose.
Within 450 days after the receipt of any Net Proceeds of
    any Asset Sale, the Issuer or such Restricted Subsidiary, at its
    option, may apply the Net Proceeds from such Asset Sale,
(1) to permanently reduce:
(a) Obligations under the Senior Indebtedness, and to
    correspondingly reduce commitments with respect thereto;
(b) Obligations under Senior Subordinated Indebtedness (and
    to correspondingly reduce commitments with respect thereto);
provided
that the Issuer shall equally and ratably reduce
    Obligations under the Senior Subordinated Notes as provided
    under "Optional Redemption," through open-market
    purchases (to the extent such purchases are at or above 100% of
    the principal amount thereof) or by making an offer (in
    accordance with the procedures set forth below for an Asset Sale
    Offer) to all Holders of Senior Subordinated Notes to purchase
    their Senior Subordinated Notes at 100% of the principal amount
    thereof, plus the amount of accrued but unpaid interest, if any,
    on the amount of Senior Subordinated Notes that would otherwise
    be prepaid, or
(c) Indebtedness of a Restricted Subsidiary that is not a
    Guarantor, other than Indebtedness owed to the Issuer or another
    Restricted Subsidiary,
(2) to make (a) an Investment in any one or more
    businesses,
provided
that such Investment in any business
    is in the form of the acquisition of Capital Stock and results
    in the Issuer or another of its Restricted Subsidiaries, as the
    case may be, owning an amount of the Capital Stock of such
    business such that it constitutes a Restricted Subsidiary,
    (b) capital expenditures or (c) acquisitions of other
    assets, in each of (a), (b) and (c), used or useful in a
    Similar Business, or
(3) to make an investment in (a) any one or more
    businesses,
provided
that such Investment in any business
    is in the form of the acquisition of Capital Stock and results
    in the Issuer or another of its Restricted Subsidiaries, as the
    case may be, owning an amount of the Capital Stock of such
    business such that it constitutes a Restricted Subsidiary,
    (b) properties or (c) acquisitions of other assets
    that, in each of (a), (b) and (c), replace the businesses,
    properties
and/or
assets that are the subject of such Asset Sale;
provided
that, in the case of clauses (2) and
    (3) above, a binding commitment shall be treated as a
    permitted application of the Net Proceeds from the date of such
    commitment so long as the Issuer, or such other Restricted
    Subsidiary enters into such commitment with the good faith
    expectation that such Net Proceeds will be applied to satisfy
    such commitment within 180 days of such commitment (an
    "
Acceptable Commitment
") and, in the event any
    Acceptable Commitment is later cancelled or terminated for any
    reason before the Net Proceeds are applied in connection
    therewith, the Issuer or such Restricted Subsidiary enters into
    another Acceptable Commitment (a "
Second
    Commitment
") within 180 days of such cancellation
    or termination;
provided further
that if any Second
    Commitment is later cancelled or terminated for any reason
    before such Net Proceeds are applied, then such Net Proceeds
    shall constitute Excess Proceeds.
Any Net Proceeds from the Asset Sale that are not invested or
    applied as provided and within the time period set forth in the
    first sentence of the preceding paragraph will be deemed to
    constitute "
Excess Proceeds
." When the
    aggregate amount of Excess Proceeds exceeds $100 million,
    the Issuer shall make an offer to all Holders of the Senior
    Subordinated Notes and, if required by the terms of any
    Indebtedness that is
pari passu
with the Senior
    Subordinated Notes ("
Pari Passu Indebtedness
"),
    to the holders of such Pari Passu Indebtedness (an
    "
Asset Sale Offer
"), to purchase the maximum
    aggregate principal amount of the Senior Subordinated Notes and
    such Pari Passu Indebtedness that is an integral multiple of
    $2,000 that may be purchased out of the Excess Proceeds at an
    offer price in cash in an amount equal to 100% of the principal
    amount thereof, plus accrued and unpaid interest and Additional
    Interest, if any, to the date fixed for the closing of such
    offer, in accordance with the procedures set forth in the
    Indenture. The Issuer will commence an Asset Sale Offer with
    respect to Excess Proceeds within ten Business Days after the
    date that Excess
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Proceeds exceed $100 million by mailing the notice required
    pursuant to the terms of the Indenture, with a copy to the
    Trustee.
To the extent that the aggregate amount of Senior Subordinated
    Notes and such Pari Passu Indebtedness tendered pursuant to an
    Asset Sale Offer is less than the Excess Proceeds, the Issuer
    may use any remaining Excess Proceeds for general corporate
    purposes, subject to other covenants contained in the Indenture.
    If the aggregate principal amount of Senior Subordinated Notes
    or the Pari Passu Indebtedness surrendered by such holders
    thereof exceeds the amount of Excess Proceeds, the Trustee shall
    select the Senior Subordinated Notes and such Pari Passu
    Indebtedness to be purchased on a pro rata basis based on the
    accreted value or principal amount of the Senior Subordinated
    Notes or such Pari Passu Indebtedness tendered. Upon completion
    of any such Asset Sale Offer, the amount of Excess Proceeds
    shall be reset at zero.
Pending the final application of any Net Proceeds pursuant to
    this covenant, the holder of such Net Proceeds may apply such
    Net Proceeds temporarily to reduce Indebtedness outstanding
    under a revolving credit facility or otherwise invest such Net
    Proceeds in any manner not prohibited by the Indenture.
The Issuer will comply with the requirements of
Rule 14e-1
under the Exchange Act and any other securities laws and
    regulations thereunder to the extent such laws or regulations
    are applicable in connection with the repurchase of the Senior
    Subordinated Notes pursuant to an Asset Sale Offer. To the
    extent that the provisions of any securities laws or regulations
    conflict with the provisions of the Indenture, the Issuer will
    comply with the applicable securities laws and regulations and
    shall not be deemed to have breached its obligations described
    in the Indenture by virtue thereof.
The Senior Credit Facilities and Senior Notes limit, and future
    credit agreements or other agreements relating to Senior
    Indebtedness to which the Issuer becomes a party may prohibit or
    limit, the Issuer from purchasing any Senior Subordinated Notes
    pursuant to this Asset Sales covenant. In the event the Issuer
    is prohibited from purchasing the Senior Subordinated Notes, the
    Issuer could seek the consent of its lenders and the holders of
    the Senior Notes to the purchase of the Senior Subordinated
    Notes or could attempt to refinance the borrowings that contain
    such prohibition. If the Issuer does not obtain such consent or
    repay such borrowings, it will remain prohibited from purchasing
    the Senior Subordinated Notes. In such case, the Issuer's
    failure to purchase tendered Senior Subordinated Notes would
    constitute an Event of Default under the Indenture. If, as a
    result thereof, a default occurs with respect to any Senior
    Indebtedness, the subordination provisions in the Indenture
    would restrict payments to the Holders of the Senior
    Subordinated Notes under certain circumstances.
Selection
    and Notice
If the Issuer is redeeming less than all of the Senior
    Subordinated Notes issued by it at any time, the Trustee will
    select the Senior Subordinated Notes to be redeemed (a) if
    the Senior Subordinated Notes are listed on any national
    securities exchange, in compliance with the requirements of the
    principal national securities exchange on which the Senior
    Subordinated Notes are listed or (b) on a pro rata basis to
    the extent practicable.
Notices of purchase or redemption shall be mailed by first-class
    mail, postage prepaid, at least 30 but not more than
    60 days before the purchase or redemption date to each
    Holder of Senior Subordinated Notes at such Holder's
    registered address, except that redemption notices may be mailed
    more than 60 days prior to a redemption date if the notice
    is issued in connection with a defeasance of the Senior
    Subordinated Notes or a satisfaction and discharge of the
    Indenture. If any Senior Subordinated Note is to be purchased or
    redeemed in part only, any notice of purchase or redemption that
    relates to such Senior Subordinated Note shall state the portion
    of the principal amount thereof that has been or is to be
    purchased or redeemed.
The Issuer will issue a new Senior Subordinated Note in a
    principal amount equal to the unredeemed portion of the original
    Senior Subordinated Note in the name of the Holder upon
    cancellation of the original Senior Subordinated Note. Senior
    Subordinated Notes called for redemption become due on the date
    fixed for redemption. On and after the redemption date, interest
    ceases to accrue on Senior Subordinated Notes or portions of
    them called for redemption.
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Certain
    Covenants
Set forth below are summaries of certain covenants contained in
    the Indenture. If on any date following the date of the Issue
    Date (i) the Senior Subordinated Notes have Investment
    Grade Ratings from both Rating Agencies, and (ii) no
    Default has occurred and is continuing under the Indenture then,
    beginning on that day and continuing at all times thereafter
    regardless of any subsequent changes in the rating of the Senior
    Subordinated Notes, the covenants specifically listed under the
    following captions in this "Description of Senior
    Subordinated Notes" section of this prospectus will no
    longer be applicable to the Senior Subordinated Notes:
(1) "Repurchase at the Option of Holders —
    Asset Sales";
(2) " — Limitation on Restricted
    Payments";
(3) " — Limitation on Incurrence of
    Indebtedness and Issuance of Disqualified Stock and Preferred
    Stock";
(4) clause (4) of the first paragraph of
    "— Merger, Consolidation or Sale of All or
    Substantially All Assets";
(5) " — Transactions with Affiliates";
(6) " — Dividend and Other Payment
    Restrictions Affecting Restricted Subsidiaries";
(7) " — Limitation on Guarantees of
    Indebtedness by Restricted Subsidiaries"; and
(8) " — Limitation on Layering."
In addition, during any period of time
    that:
(i) the Senior Subordinated Notes have
    Investment Grade Ratings from both Rating Agencies and
    (ii) no Default has occurred and is continuing under the
    Indenture (the occurrence of the events described in the
    foregoing clauses (i) and (ii) being collectively
    referred to as a "
Covenant Suspension Event
"),
    the Issuer and the Restricted Subsidiaries will not be subject
    to the covenant described under "Repurchase at the Option
    of Holders — Change of Control" (the
    "
Suspended Covenant
"). In the event that the
    Issuer and the Restricted Subsidiaries are not subject to the
    Suspended Covenant under the Indenture for any period of time as
    a result of the foregoing, and on any subsequent date (the
    "
Reversion Date
") one or both of the Rating
    Agencies (a) withdraw their Investment Grade Rating or
    downgrade the rating assigned to the Senior Subordinated Notes
    below an Investment Grade Rating
and/or
(b) the Issuer or any of its Affiliates enter into an
    agreement to effect a transaction that would result in a Change
    of Control and one or more of the Rating Agencies indicate that
    if consummated, such transaction (alone or together with any
    related recapitalization or refinancing transactions) would
    cause such Rating Agency to withdraw its Investment Grade Rating
    or downgrade the ratings assigned to the Senior Subordinated
    Notes below an Investment Grade Rating, then the Issuer and the
    Restricted Subsidiaries will thereafter again be subject to the
    Suspended Covenant under the Indenture with respect to future
    events, including, without limitation, a proposed transaction
    described in clause (b) above.
There can be no assurance that the Senior Subordinated Notes
    will ever achieve or maintain Investment Grade Ratings.
Limitation
    on Restricted Payments
The Issuer will not, and will not permit any of its Restricted
    Subsidiaries to, directly or indirectly:
(I) declare or pay any dividend or make any payment or
    distribution on account of the Issuer's, or any of its
    Restricted Subsidiaries' Equity Interests, including any
    dividend or distribution payable in connection with any merger
    or consolidation other than:
(a) dividends or distributions by the Issuer payable solely
    in Equity Interests (other than Disqualified Stock) of the
    Issuer; or
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(b) dividends or distributions by a Restricted Subsidiary
    so long as, in the case of any dividend or distribution payable
    on or in respect of any class or series of securities issued by
    a Restricted Subsidiary other than a Wholly-Owned Subsidiary,
    the Issuer or a Restricted Subsidiary receives at least its pro
    rata share of such dividend or distribution in accordance with
    its Equity Interests in such class or series of securities;
(II) purchase, redeem, defease or otherwise acquire or
    retire for value any Equity Interests of the Issuer or any
    direct or indirect parent of the Issuer, including in connection
    with any merger or consolidation;
(III) make any principal payment on, or redeem, repurchase,
    defease or otherwise acquire or retire for value in each case,
    prior to any scheduled repayment, sinking fund payment or
    maturity, any Subordinated Indebtedness, other than:
(a) Indebtedness permitted under clauses (7) and
    (8) of the covenant described under
    "— Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock"; or
(b) the purchase, repurchase or other acquisition of
    Subordinated Indebtedness purchased in anticipation of
    satisfying a sinking fund obligation, principal installment or
    final maturity, in each case due within one year of the date of
    purchase, repurchase or acquisition; or
(IV) make any Restricted Investment
(all such payments and other actions set forth in
    clauses (I) through (IV) above being collectively
    referred to as "
Restricted Payments
"), unless,
    at the time of such Restricted Payment:
(1) no Default shall have occurred and be continuing or
    would occur as a consequence thereof;
(2) immediately after giving effect to such transaction on
    a
pro forma
basis, the Issuer could incur $1.00 of
    additional Indebtedness under the provisions of the first
    paragraph of the covenant described under
    "— Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred
    Stock"; and
(3) such Restricted Payment, together with the aggregate
    amount of all other Restricted Payments made by the Issuer and
    its Restricted Subsidiaries after the Issue Date (including
    Restricted Payments permitted by clauses (1), (2) (with respect
    to the payment of dividends on Refunding Capital Stock (as
    defined below) pursuant to clause (b) thereof only),
    (6)(c), (9) and (14) of the next succeeding paragraph,
    but excluding all other Restricted Payments permitted by the
    next succeeding paragraph), is less than the sum of (without
    duplication):
(a) 50% of the Consolidated Net Income of the Issuer for
    the period (taken as one accounting period) beginning
    July 1, 2005, to the end of the Issuer's most recently
    ended fiscal quarter for which internal financial statements are
    available at the time of such Restricted Payment, or, in the
    case such Consolidated Net Income for such period is a deficit,
    minus 100% of such deficit;
plus
(b) 100% of the aggregate net cash proceeds and the fair
    market value, as determined in good faith by the Issuer, of
    marketable securities or other property received by the Issuer
    since immediately after the Issue Date (other than net cash
    proceeds to the extent such net cash proceeds have been used to
    incur Indebtedness, Disqualified Stock or Preferred Stock
    pursuant to clause (12)(a) of the second paragraph of
    "— Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock") from
    the issue or sale of:
(i) (A) Equity Interests of the Issuer, including
    Treasury Capital Stock (as defined below), but excluding cash
    proceeds and the fair market value, as determined in good faith
    by the Issuer, of marketable securities or other property
    received from the sale of:
(x) Equity Interests to members of management, directors or
    consultants of the Issuer, any direct or indirect parent company
    of the Issuer and the Issuer's Subsidiaries after the
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Issue Date to the extent such amounts have been applied to
    Restricted Payments made in accordance with clause (4) of
    the next succeeding paragraph; and
(y) Designated Preferred Stock
and (B) to the extent such net cash proceeds are actually
    contributed to the Issuer, Equity Interests of the Issuer's
    direct or indirect parent companies (excluding contributions of
    the proceeds from the sale of Designated Preferred Stock of such
    companies or contributions to the extent such amounts have been
    applied to Restricted Payments made in accordance with
    clause (4) of the next succeeding paragraph); or
(ii) debt securities of the Issuer that have been converted
    into or exchanged for such Equity Interests of the Issuer;
provided
,
however
, that this clause (b) shall
    not include the proceeds from (W) Refunding Capital Stock
    (as defined below), (X) Equity Interests or convertible
    debt securities of the Issuer sold to a Restricted Subsidiary,
    as the case may be, (Y) Disqualified Stock or debt
    securities that have been converted into Disqualified Stock or
    (Z) Excluded Contributions;
plus
(c) 100% of the aggregate amount of cash and the fair
    market value, as determined in good faith by the Issuer, of
    marketable securities or other property contributed to the
    capital of the Issuer following the Issue Date (other than net
    cash proceeds to the extent such net cash proceeds have been
    used to incur Indebtedness, Disqualified Stock or Preferred
    Stock pursuant to clause (12)(a) of the second paragraph of
    "— Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock") (other
    than by a Restricted Subsidiary and other than by any Excluded
    Contributions);
plus
(d) 100% of the aggregate amount received in cash and the
    fair market value, as determined in good faith by the Issuer, of
    marketable securities or other property received by means of:
(i) the sale or other disposition (other than to the Issuer
    or a Restricted Subsidiary) of Restricted Investments made by
    the Issuer or its Restricted Subsidiaries and repurchases and
    redemptions of such Restricted Investments from the Issuer or
    its Restricted Subsidiaries and repayments of loans or advances,
    and releases of guarantees, which constitute Restricted
    Investments by the Issuer or its Restricted Subsidiaries, in
    each case after the Issue Date; or
(ii) the sale (other than to the Issuer or a Restricted
    Subsidiary) of the stock of an Unrestricted Subsidiary or a
    distribution from an Unrestricted Subsidiary (other than in each
    case to the extent the Investment in such Unrestricted
    Subsidiary was made by the Issuer or a Restricted Subsidiary
    pursuant to clause (7) of the next succeeding paragraph or
    to the extent such Investment constituted a Permitted
    Investment) or a dividend from an Unrestricted Subsidiary after
    the Issue Date;
plus
(e) in the case of the redesignation of an Unrestricted
    Subsidiary as a Restricted Subsidiary after the Issue Date, the
    fair market value of the Investment in such Unrestricted
    Subsidiary, as determined by the Issuer in good faith or if, in
    the case of an Unrestricted Subsidiary, such fair market value
    may exceed $150 million, in writing by an Independent
    Financial Advisor, at the time of the redesignation of such
    Unrestricted Subsidiary as a Restricted Subsidiary other than an
    Unrestricted Subsidiary to the extent the Investment in such
    Unrestricted Subsidiary was made by the Issuer or a Restricted
    Subsidiary pursuant to clause (7) of the next succeeding
    paragraph or to the extent such Investment constituted a
    Permitted Investment.
The foregoing provisions will not prohibit:
(1) the payment of any dividend within 60 days after
    the date of declaration thereof, if at the date of declaration
    such payment would have complied with the provisions of the
    Indenture;
(2) (a) the redemption, repurchase, retirement or
    other acquisition of any Equity Interests ("
Treasury
    Capital Stock
") or Subordinated Indebtedness of the
    Issuer or any Equity Interests of any direct or
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indirect parent company of the Issuer, in exchange for, or out
    of the proceeds of the substantially concurrent sale (other than
    to a Restricted Subsidiary) of, Equity Interests of the Issuer
    or any direct or indirect parent company of the Issuer to the
    extent contributed to the Issuer (in each case, other than any
    Disqualified Stock) ("
Refunding Capital Stock
")
    and (b) if immediately prior to the retirement of Treasury
    Capital Stock, the declaration and payment of dividends thereon
    was permitted under clause (6) of this paragraph, the
    declaration and payment of dividends on the Refunding Capital
    Stock (other than Refunding Capital Stock the proceeds of which
    were used to redeem, repurchase, retire or otherwise acquire any
    Equity Interests of any direct or indirect parent company of the
    Issuer) in an aggregate amount per year no greater than the
    aggregate amount of dividends per annum that were declarable and
    payable on such Treasury Capital Stock immediately prior to such
    retirement;
(3) the redemption, repurchase or other acquisition or
    retirement of Subordinated Indebtedness of the Issuer or a
    Guarantor made by exchange for, or out of the proceeds of the
    substantially concurrent sale of, new Indebtedness of the Issuer
    or a Guarantor, as the case may be, which is incurred in
    compliance with "— Limitation on Incurrence of
    Indebtedness and Issuance of Disqualified Stock and Preferred
    Stock" so long as:
(a) the principal amount of such new Indebtedness does not
    exceed the principal amount of (or accreted value, if
    applicable), plus any accrued and unpaid interest on, the
    Subordinated Indebtedness being so redeemed, repurchased,
    acquired or retired for value, plus the amount of any reasonable
    premium required to be paid under the terms of the instrument
    governing the Subordinated Indebtedness being so redeemed,
    repurchased, acquired or retired and any reasonable fees and
    expenses incurred in connection with the issuance of such new
    Indebtedness;
(b) such new Indebtedness is subordinated to the Senior
    Subordinated Notes or the applicable Guarantee at least to the
    same extent as such Subordinated Indebtedness so purchased,
    exchanged, redeemed, repurchased, acquired or retired for value;
(c) such new Indebtedness has a final scheduled maturity
    date equal to or later than the final scheduled maturity date of
    the Subordinated Indebtedness being so redeemed, repurchased,
    acquired or retired; and
(d) such new Indebtedness has a Weighted Average Life to
    Maturity equal to or greater than the remaining Weighted Average
    Life to Maturity of the Subordinated Indebtedness being so
    redeemed, repurchased, acquired or retired;
(4) a Restricted Payment to pay for the repurchase,
    retirement or other acquisition or retirement for value of
    Equity Interests (other than Disqualified Stock) of the Issuer
    or any of its direct or indirect parent companies held by any
    future, present or former employee, director or consultant of
    the Issuer, any of its Subsidiaries or any of its direct or
    indirect parent companies pursuant to any management equity plan
    or stock option plan or any other management or employee benefit
    plan or agreement;
provided
,
however
, that the
    aggregate Restricted Payments made under this clause (4) do
    not exceed in any calendar year $25 million (which shall
    increase to $50 million subsequent to the consummation of
    an underwritten public Equity Offering by the Issuer or any
    direct or indirect parent corporation of the Issuer) (with
    unused amounts in any calendar year being carried over to
    succeeding calendar years subject to a maximum (without giving
    effect to the following proviso) of $50 million in any
    calendar year (which shall increase to $100 million
    subsequent to the consummation of an underwritten public Equity
    Offering by the Issuer or any direct or indirect parent
    corporation of the Issuer));
provided further
that such
    amount in any calendar year may be increased by an amount not to
    exceed:
(a) the cash proceeds from the sale of Equity Interests
    (other than Disqualified Stock) of the Issuer and, to the extent
    contributed to the Issuer, Equity Interests of any of the
    Issuer's direct or indirect parent companies, in each case
    to members of management, directors or consultants of the
    Issuer, any of its Subsidiaries or any of its direct or indirect
    parent companies that occurs after the Issue Date, to the extent
    the cash proceeds from the sale of such Equity Interests have
    not otherwise
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been applied to the payment of Restricted Payments by virtue of
    clause (3) of the preceding paragraph;
plus
(b) the cash proceeds of key man life insurance policies
    received by the Issuer or its Restricted Subsidiaries after the
    Issue Date;
less
(c) the amount of any Restricted Payments previously made
    with the cash proceeds described in clauses (a) and
    (b) of this clause (4);
and
provided further
that cancellation of Indebtedness
    owing to the Issuer from members of management of the Issuer,
    any of the Issuer's direct or indirect parent companies or
    any of the Issuer's Restricted Subsidiaries in connection
    with a repurchase of Equity Interests of the Issuer or any of
    its direct or indirect parent companies will not be deemed to
    constitute a Restricted Payment for purposes of this covenant or
    any other provision of the Indenture;
(5) the declaration and payment of dividends to holders of
    any class or series of Disqualified Stock of the Issuer or any
    of its Restricted Subsidiaries issued in accordance with the
    covenant described under "— Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock" to the extent such dividends are
    included in the definition of "Fixed Charges";
(6) (a) the declaration and payment of dividends to
    holders of any class or series of Designated Preferred Stock
    (other than Disqualified Stock) issued by the Issuer after the
    Issue Date;
(b) the declaration and payment of dividends to a direct or
    indirect parent company of the Issuer, the proceeds of which
    will be used to fund the payment of dividends to holders of any
    class or series of Designated Preferred Stock (other than
    Disqualified Stock) of such parent corporation issued after the
    Issue Date,
provided
that the amount of dividends paid
    pursuant to this clause (b) shall not exceed the aggregate
    amount of cash actually contributed to the Issuer from the sale
    of such Designated Preferred Stock; or
(c) the declaration and payment of dividends on Refunding
    Capital Stock that is Preferred Stock in excess of the dividends
    declarable and payable thereon pursuant to clause (2) of
    this paragraph;
provided
,
however
, in the case of each of (a),
    (b) and (c) of this clause (6), that for the most
    recently ended four full fiscal quarters for which internal
    financial statements are available immediately preceding the
    date of issuance of such Designated Preferred Stock or the
    declaration of such dividends on Refunding Capital Stock that is
    Preferred Stock, after giving effect to such issuance or
    declaration on a
pro forma
basis, the Issuer and its
    Restricted Subsidiaries on a consolidated basis would have had a
    Fixed Charge Coverage Ratio of at least 2.00 to 1.00;
(7) Investments in Unrestricted Subsidiaries having an
    aggregate fair market value, taken together with all other
    Investments made pursuant to this clause (7) that are at
    the time outstanding, without giving effect to the sale of an
    Unrestricted Subsidiary to the extent the proceeds of such sale
    do not consist of cash or marketable securities, not to exceed
    2% of Total Assets at the time of such Investment (with the fair
    market value of each Investment being measured at the time made
    and without giving effect to subsequent changes in value);
(8) repurchases of Equity Interests deemed to occur upon
    exercise of stock options or warrants if such Equity Interests
    represent a portion of the exercise price of such options or
    warrants;
(9) the declaration and payment of dividends on the
    Issuer's common stock (or the payment of dividends to any
    direct or indirect parent entity to fund a payment of dividends
    on such entity's common stock), following the first public
    offering of the Issuer's common stock or the common stock
    of any of its direct or indirect parent companies after the
    Issue Date, of up to 6% per annum of the net cash proceeds
    received by or contributed to the Issuer in or from any such
    public offering, other than public offerings with respect to the
    Issuer's common stock registered on Form
S-8
and
    other than any public sale constituting an Excluded Contribution;
(10) Restricted Payments that are made with Excluded
    Contributions;
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(11) other Restricted Payments in an aggregate amount taken
    together with all other Restricted Payments made pursuant to
    this clause (11) not to exceed the greater of
    (x) $275 million or (y) 1.875% of Total Assets at
    the time made;
(12) distributions or payments of Receivables Fees;
(13) any Restricted Payment used to fund the Transaction
    and the fees and expenses related thereto or owed to Affiliates,
    in each case to the extent permitted by the covenant described
    under "— Transactions with Affiliates";
(14) the repurchase, redemption or other acquisition or
    retirement for value of any Subordinated Indebtedness pursuant
    to the provisions similar to those described under the captions
    "Repurchase at the Option of Holders — Change of
    Control" and "Repurchase at the Option of
    Holders — Asset Sales";
provided
that all
    Senior Subordinated Notes tendered by Holders in connection with
    a Change of Control Offer or Asset Sale Offer, as applicable,
    have been repurchased, redeemed or acquired for value;
(15) the declaration and payment of dividends by the Issuer
    to, or the making of loans to, any direct or indirect parent in
    amounts required for any direct or indirect parent companies to
    pay, in each case without duplication,
(a) franchise taxes and other fees, taxes and expenses
    required to maintain their corporate existence;
(b) federal, state and local income taxes, to the extent
    such income taxes are attributable to the income of the Issuer
    and its Restricted Subsidiaries and, to the extent of the amount
    actually received from its Unrestricted Subsidiaries, in amounts
    required to pay such taxes to the extent attributable to the
    income of such Unrestricted Subsidiaries;
provided
that
    in each case the amount of such payments in any fiscal year does
    not exceed the amount that the Issuer and its Restricted
    Subsidiaries would be required to pay in respect of federal,
    state and local taxes for such fiscal year were the Issuer, its
    Restricted Subsidiaries and its Unrestricted Subsidiaries (to
    the extent described above) to pay such taxes separately from
    any such parent entity;
(c) customary salary, bonus and other benefits payable to
    officers and employees of any direct or indirect parent company
    of the Issuer to the extent such salaries, bonuses and other
    benefits are attributable to the ownership or operation of the
    Issuer and its Restricted Subsidiaries;
(d) general corporate operating and overhead costs and
    expenses of any direct or indirect parent company of the Issuer
    to the extent such costs and expenses are attributable to the
    ownership or operation of the Issuer and its Restricted
    Subsidiaries; and
(e) fees and expenses other than to Affiliates of the
    Issuer related to any unsuccessful equity or debt offering of
    such parent entity; and
(16) the distribution, dividend or otherwise, of shares of
    Capital Stock of, or Indebtedness owed to the Issuer or a
    Restricted Subsidiary by Unrestricted Subsidiaries (other than
    Unrestricted Subsidiaries, the primary assets of which are cash
and/or
Cash
    Equivalents);
provided
,
however
, that at the time of, and after
    giving effect to, any Restricted Payment permitted under
    clauses (11) and (16), no Default shall have occurred and
    be continuing or would occur as a consequence thereof.
As of the Issue Date, all of the Issuer's Subsidiaries were
    Restricted Subsidiaries. The Issuer will not permit any
    Unrestricted Subsidiary to become a Restricted Subsidiary except
    pursuant to the last sentence of the definition of
    "Unrestricted Subsidiary." For purposes of designating
    any Restricted Subsidiary as an Unrestricted Subsidiary, all
    outstanding Investments by the Issuer and its Restricted
    Subsidiaries (except to the extent repaid) in the Subsidiary so
    designated will be deemed to be Restricted Payments in an amount
    determined as set forth in the last sentence of the definition
    of "Investment." Such designation will be permitted
    only if a Restricted Payment in such amount would be permitted
    at such time, whether pursuant to the first paragraph of this
    covenant or under clause (7), (10), (11) or (16) of
    the second paragraph of this covenant, or pursuant to the
    definition of "Permitted Investments," and if such
    Subsidiary otherwise meets the
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definition of an Unrestricted Subsidiary. Unrestricted
    Subsidiaries will not be subject to any of the restrictive
    covenants set forth in the Indenture.
Limitation
    on Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock
The Issuer will not, and will not permit any of its Restricted
    Subsidiaries to, directly or indirectly, create, incur, issue,
    assume, guarantee or otherwise become directly or indirectly
    liable, contingently or otherwise (collectively,
    "
incur
" and collectively, an
    "
incurrence
") with respect to any Indebtedness
    (including Acquired Indebtedness) and the Issuer will not issue
    any shares of Disqualified Stock and will not permit any
    Restricted Subsidiary to issue any shares of Disqualified Stock
    or Preferred Stock;
provided
,
however
, that the
    Issuer may incur Indebtedness (including Acquired Indebtedness)
    or issue shares of Disqualified Stock, and any of its Restricted
    Subsidiaries may incur Indebtedness (including Acquired
    Indebtedness), issue shares of Disqualified Stock and issue
    shares of Preferred Stock, if the Fixed Charge Coverage Ratio on
    a consolidated basis for the Issuer and its Restricted
    Subsidiaries' most recently ended four fiscal quarters for
    which internal financial statements are available immediately
    preceding the date on which such additional Indebtedness is
    incurred or such Disqualified Stock or Preferred Stock is issued
    would have been at least 2.00 to 1.00, determined on a
pro
    forma
basis (including a
pro forma
application of the
    net proceeds therefrom), as if the additional Indebtedness had
    been incurred, or the Disqualified Stock or Preferred Stock had
    been issued, as the case may be, and the application of proceeds
    therefrom had occurred at the beginning of such four-quarter
    period.
The foregoing limitations will not apply to:
(1) the incurrence of Indebtedness under Credit Facilities
    by the Issuer or any of its Restricted Subsidiaries and the
    issuance and creation of letters of credit and bankers'
    acceptances thereunder (with letters of credit and bankers'
    acceptances being deemed to have a principal amount equal to the
    face amount thereof), up to an aggregate principal amount of
    $5,750 million outstanding at any one time, less up to
    $1,000 million in the aggregate of mandatory principal
    payments actually made by the borrower thereunder in respect of
    Indebtedness thereunder with Net Proceeds from an Asset Sale or
    series of related Asset Sales that constitutes the sale,
    transfer, conveyance or other disposition of all or
    substantially all of a segment (as defined under GAAP) of the
    Issuer (other than any segment predominantly composed of assets
    acquired by the Issuer or its Restricted Subsidiaries subsequent
    to the Issue Date);
(2) the incurrence by the Issuer and any Guarantor of
    Indebtedness represented by (a) the Senior Subordinated
    Notes (including any Guarantee) (other than any Additional
    Senior Subordinated Notes) and (b) the Senior Notes
    (including any guarantee thereof);
(3) Indebtedness of the Issuer and its Restricted
    Subsidiaries in existence on the Issue Date (other than
    Indebtedness described in clauses (1) and (2));
(4) Indebtedness (including Capitalized Lease Obligations),
    Disqualified Stock and Preferred Stock incurred by the Issuer or
    any of its Restricted Subsidiaries, to finance the purchase,
    lease or improvement of property (real or personal) or equipment
    (other than software) that is used or useful in a Similar
    Business, whether through the direct purchase of assets or the
    Capital Stock of any Person owning such assets;
(5) Indebtedness incurred by the Issuer or any of its
    Restricted Subsidiaries constituting reimbursement obligations
    with respect to letters of credit issued in the ordinary course
    of business, including letters of credit in respect of
    workers' compensation claims, or other Indebtedness with
    respect to reimbursement type obligations regarding
    workers' compensation claims;
provided
,
however
, that upon the drawing of such letters of credit
    or the incurrence of such Indebtedness, such obligations are
    reimbursed within 30 days following such drawing or
    incurrence;
(6) Indebtedness arising from agreements of the Issuer or
    its Restricted Subsidiaries providing for indemnification,
    adjustment of purchase price or similar obligations, in each
    case, incurred or assumed in connection with the disposition of
    any business, assets or a Subsidiary, other than guarantees of
    Indebtedness incurred by any Person acquiring all or any portion
    of such business, assets or a Subsidiary for the purpose of
    financing such acquisition;
provided
,
however
, that
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(a) such Indebtedness is not reflected on the balance sheet
    of the Issuer, or any of its Restricted Subsidiaries (contingent
    obligations referred to in a footnote to financial statements
    and not otherwise reflected on the balance sheet will not be
    deemed to be reflected on such balance sheet for purposes of
    this clause (6)(a)); and
(b) the maximum assumable liability in respect of all such
    Indebtedness shall at no time exceed the gross proceeds
    including non-cash proceeds (the fair market value of such
    non-cash proceeds being measured at the time received and
    without giving effect to any subsequent changes in value)
    actually received by the Issuer and its Restricted Subsidiaries
    in connection with such disposition;
(7) Indebtedness of the Issuer to a Restricted Subsidiary;
provided
that any such Indebtedness owing to a Restricted
    Subsidiary that is not a Guarantor is expressly subordinated in
    right of payment to the Senior Subordinated Notes;
provided
    further
that any subsequent issuance or transfer of any
    Capital Stock or any other event which results in any Restricted
    Subsidiary ceasing to be a Restricted Subsidiary or any other
    subsequent transfer of any such Indebtedness (except to the
    Issuer or another Restricted Subsidiary) shall be deemed, in
    each case, to be an incurrence of such Indebtedness;
(8) Indebtedness of a Restricted Subsidiary to the Issuer
    or another Restricted Subsidiary;
provided
that if a
    Guarantor incurs such Indebtedness to a Restricted Subsidiary
    that is not a Guarantor, such Indebtedness is expressly
    subordinated in right of payment to the Guarantee of the Senior
    Subordinated Notes of such Guarantor;
provided further
that any subsequent transfer of any such Indebtedness
    (except to the Issuer or another Restricted Subsidiary) shall be
    deemed, in each case, to be an incurrence of such Indebtedness;
(9) shares of Preferred Stock of a Restricted Subsidiary
    issued to the Issuer or another Restricted Subsidiary,
provided
that any subsequent issuance or transfer of any
    Capital Stock or any other event which results in any such
    Restricted Subsidiary ceasing to be a Restricted Subsidiary or
    any other subsequent transfer of any such shares of Preferred
    Stock (except to the Issuer or another of its Restricted
    Subsidiaries) shall be deemed in each case to be an issuance of
    such shares of Preferred Stock;
(10) Hedging Obligations (excluding Hedging Obligations
    entered into for speculative purposes) for the purpose of
    limiting interest rate risk with respect to any Indebtedness
    permitted to be incurred pursuant to
    "— Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock,"
    exchange rate risk or commodity pricing risk;
(11) obligations in respect of performance, bid, appeal and
    surety bonds and completion guarantees provided by the Issuer or
    any of its Restricted Subsidiaries in the ordinary course of
    business;
(12) (a) Indebtedness or Disqualified Stock of the
    Issuer and Indebtedness, Disqualified Stock or Preferred Stock
    of the Issuer or any Restricted Subsidiary equal to 200% of the
    net cash proceeds received by the Issuer since immediately after
    the Issue Date from the issue or sale of Equity Interests of the
    Issuer or cash contributed to the capital of the Issuer (in each
    case, other than proceeds of Disqualified Stock or sales of
    Equity Interests to the Issuer or any of its Subsidiaries) as
    determined in accordance with clauses (3)(b) and (3)(c) of the
    first paragraph of "— Limitation on Restricted
    Payments" to the extent such net cash proceeds or cash have
    not been applied pursuant to such clauses to make Restricted
    Payments or to make other Investments, payments or exchanges
    pursuant to the second paragraph of "— Limitation
    on Restricted Payments" or to make Permitted Investments
    (other than Permitted Investments specified in clauses (1)
    and (3) of the definition thereof) and
    (b) Indebtedness or Disqualified Stock of Issuer and
    Indebtedness, Disqualified Stock or Preferred Stock of the
    Issuer or any Restricted Subsidiary not otherwise permitted
    hereunder in an aggregate principal amount or liquidation
    preference, which when aggregated with the principal amount and
    liquidation preference of all other Indebtedness, Disqualified
    Stock and Preferred Stock then outstanding and incurred pursuant
    to this clause (12)(b), does not at any one time outstanding
    exceed $600 million (it being understood that any
    Indebtedness, Disqualified Stock or Preferred Stock incurred
    pursuant to this clause (12)(b) shall cease to be deemed
    incurred or outstanding for purposes of this clause (12)(b) but
    shall be deemed incurred for the purposes of the first paragraph
    of this covenant from and after the first date on which the
    Issuer or
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such Restricted Subsidiary could have incurred such
    Indebtedness, Disqualified Stock or Preferred Stock under the
    first paragraph of this covenant without reliance on this clause
    (12)(b));
(13) the incurrence by the Issuer or any Restricted
    Subsidiary, of the Issuer of Indebtedness, Disqualified Stock or
    Preferred Stock which serves to refund or refinance any
    Indebtedness, Disqualified Stock or Preferred Stock incurred as
    permitted under the first paragraph of this covenant and clauses
    (2), (3) and (12)(a) above, this clause (13) and
    clause (14) below or any Indebtedness, Disqualified Stock
    or Preferred Stock issued to so refund or refinance such
    Indebtedness, Disqualified Stock or Preferred Stock including
    additional Indebtedness, Disqualified Stock or Preferred Stock
    incurred to pay premiums (including reasonable tender premiums),
    defeasance costs and fees in connection therewith (the
    "
Refinancing Indebtedness
") prior to its
    respective maturity;
provided
,
however
, that such
    Refinancing Indebtedness:
(a) has a Weighted Average Life to Maturity at the time
    such Refinancing Indebtedness is incurred which is not less than
    the remaining Weighted Average Life to Maturity of the
    Indebtedness, Disqualified Stock or Preferred Stock being
    refunded or refinanced,
(b) to the extent such Refinancing Indebtedness refinances
    (i) Indebtedness subordinated or
pari passu
to the
    Senior Subordinated Notes or any Guarantee thereof, such
    Refinancing Indebtedness is subordinated or
pari passu
to
    the Senior Subordinated Notes or the Guarantee at least to the
    same extent as the Indebtedness being refinanced or refunded or
    (ii) Disqualified Stock or Preferred Stock, such
    Refinancing Indebtedness must be Disqualified Stock or Preferred
    Stock, respectively, and
(c) shall not include:
(i) Indebtedness, Disqualified Stock or Preferred Stock of
    a Subsidiary of the Issuer that is not a Guarantor that
    refinances Indebtedness, Disqualified Stock or Preferred Stock
    of the Issuer;
(ii) Indebtedness, Disqualified Stock or Preferred Stock of
    a Subsidiary of the Issuer, that is not a Guarantor that
    refinances Indebtedness, Disqualified Stock or Preferred Stock
    of a Guarantor; or
(iii) Indebtedness, Disqualified Stock or Preferred Stock
    of the Issuer or a Restricted Subsidiary that refinances
    Indebtedness, Disqualified Stock or Preferred Stock of an
    Unrestricted Subsidiary;
and
provided further
that subclause (a) of this
    clause (13) will not apply to any refunding or refinancing
    of any Indebtedness outstanding under any Senior Indebtedness;
(14) Indebtedness, Disqualified Stock or Preferred Stock of
    (x) the Issuer or a Restricted Subsidiary incurred to
    finance an acquisition or (y) Persons that are acquired by
    the Issuer or any Restricted Subsidiary or merged into the
    Issuer or a Restricted Subsidiary in accordance with the terms
    of the Indenture;
provided
that either
(i) such Indebtedness, Disqualified Stock or Preferred
    Stock:
(a) is not Secured Indebtedness and is Senior Subordinated
    Indebtedness or Subordinated Indebtedness with terms no less
    favorable to the Holders thereof than the subordination terms
    set forth in the Indenture as in effect on the Issue Date;
(b) is not incurred while a Default exists and no Default
    shall result therefrom;
(c) matures and does not require any payment of principal
    prior to the final maturity of the Senior Subordinated Notes
    (other than in a manner consistent with the terms of the
    Indenture); and
(d) in the case of clause (y), is not incurred in
    contemplation of such acquisition or merger; or
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(ii) after giving effect to such acquisition or merger,
    either
(a) the Issuer would be permitted to incur at least $1.00
    of additional Indebtedness pursuant to the Fixed Charge Coverage
    Ratio test set forth in the first sentence of this
    covenant, or
(b) the Fixed Charge Coverage Ratio of the Issuer and the
    Restricted Subsidiaries is greater than immediately prior to
    such acquisition or merger;
(15) Indebtedness arising from the honoring by a bank or
    other financial institution of a check, draft or similar
    instrument drawn against insufficient funds in the ordinary
    course of business,
provided
that such Indebtedness is
    extinguished within two Business Days of its incurrence;
(16) Indebtedness of the Issuer or any of its Restricted
    Subsidiaries supported by a letter of credit issued pursuant to
    the Credit Facilities, in a principal amount not in excess of
    the stated amount of such letter of credit;
(17) (a) any guarantee by the Issuer or a Restricted
    Subsidiary of Indebtedness or other obligations of any
    Restricted Subsidiary so long as the incurrence of such
    Indebtedness incurred by such Restricted Subsidiary is permitted
    under the terms of the Indenture, or
(b) any guarantee by a Restricted Subsidiary of
    Indebtedness of the Issuer
provided
that such guarantee
    is incurred in accordance with the covenant described below
    under "— Limitation on Guarantees of Indebtedness
    by Restricted Subsidiaries";
(18) Indebtedness of Foreign Subsidiaries of the Issuer
    incurred not to exceed at any one time outstanding and together
    with any other Indebtedness incurred under this clause (18)
    5% of the Total Assets of the Foreign Subsidiaries (it being
    understood that any Indebtedness incurred pursuant to this
    clause (18) shall cease to be deemed incurred or
    outstanding for purposes of this clause (18) but shall be
    deemed incurred for the purposes of the first paragraph of this
    covenant from and after the first date on which the Issuer or
    such Restricted Subsidiary could have incurred such Indebtedness
    under the first paragraph of this covenant without reliance on
    this clause (18));
(19) Indebtedness, Disqualified Stock or Preferred Stock of
    a Restricted Subsidiary incurred to finance or assumed in
    connection with an acquisition in a principal amount not to
    exceed $200 million in the aggregate at any one time
    outstanding together with all other Indebtedness, Disqualified
    Stock
and/or
Preferred Stock issued under this clause (19) (it being
    understood that any Indebtedness, Disqualified Stock or
    Preferred Stock incurred pursuant to this clause (19) shall
    cease to be deemed incurred or outstanding for purposes of this
    clause (19) but shall be deemed incurred for the purposes
    of the first paragraph of this covenant from and after the first
    date on which such Restricted Subsidiary could have incurred
    such Indebtedness, Disqualified Stock or Preferred Stock under
    the first paragraph of this covenant without reliance on this
    clause (19));
(20) Indebtedness of the Issuer or any of its Restricted
    Subsidiaries consisting of (i) the financing of insurance
    premiums or
(ii) take-or-pay
obligations contained in supply arrangements in each case,
    incurred in the ordinary course of business; and
(21) Indebtedness consisting of Indebtedness issued by the
    Issuer or any of its Restricted Subsidiaries to current or
    former officers, directors and employees thereof, their
    respective estates, spouses or former spouses, in each case to
    finance the purchase or redemption of Equity Interests of the
    Issuer or any direct or indirect parent company of the Issuer to
    the extent described in clause (4) of the second paragraph
    under the caption "— Limitation on Restricted
    Payments."
For purposes of determining compliance with this covenant:
(1) in the event that an item of Indebtedness, Disqualified
    Stock or Preferred Stock (or any portion thereof) meets the
    criteria of more than one of the categories of permitted
    Indebtedness, Disqualified Stock or Preferred Stock described in
    clauses (1) through (21) above or is entitled to be
    incurred pursuant to the first paragraph of this covenant, the
    Issuer, in its sole discretion, will classify or reclassify such
    item of Indebtedness, Disqualified Stock or Preferred Stock (or
    any portion thereof) and will only be
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required to include the amount and type of such Indebtedness,
    Disqualified Stock or Preferred Stock in one of the above
    clauses;
provided
that all Indebtedness outstanding under
    the Credit Facilities on the Issue Date will be treated as
    incurred on the Issue Date under clause (1) of the
    preceding paragraph; and
(2) at the time of incurrence, the Issuer will be entitled
    to divide and classify an item of Indebtedness in more than one
    of the types of Indebtedness described in the first and second
    paragraphs above.
Accrual of interest, the accretion of accreted value and the
    payment of interest in the form of additional Indebtedness,
    Disqualified Stock or Preferred Stock will not be deemed to be
    an incurrence of Indebtedness, Disqualified Stock or Preferred
    Stock for purposes of this covenant.
For purposes of determining compliance with any
    U.S. dollar-denominated restriction on the incurrence of
    Indebtedness, the U.S. dollar-equivalent principal amount
    of Indebtedness denominated in a foreign currency shall be
    calculated based on the relevant currency exchange rate in
    effect on the date such Indebtedness was incurred, in the case
    of term debt, or first committed, in the case of revolving
    credit debt;
provided
that if such Indebtedness is
    incurred to refinance other Indebtedness denominated in a
    foreign currency, and such refinancing would cause the
    applicable U.S. dollar denominated restriction to be
    exceeded if calculated at the relevant currency exchange rate in
    effect on the date of such refinancing, such
    U.S. dollar-denominated restriction shall be deemed not to
    have been exceeded so long as the principal amount of such
    refinancing Indebtedness does not exceed the principal amount of
    such Indebtedness being refinanced.
The principal amount of any Indebtedness incurred to refinance
    other Indebtedness, if incurred in a different currency from the
    Indebtedness being refinanced, shall be calculated based on the
    currency exchange rate applicable to the currencies in which
    such respective Indebtedness is denominated that is in effect on
    the date of such refinancing.
Liens
The Issuer will not, and will not permit any Guarantor to,
    directly or indirectly, create, incur, assume or suffer to exist
    any Lien (except Permitted Liens) that secures obligations under
    any Indebtedness ranking
pari passu
with or subordinated
    to the Senior Subordinated Notes or any related Guarantee, on
    any asset or property of the Issuer or any Guarantor, or any
    income or profits therefrom, or assign or convey any right to
    receive income therefrom, unless:
(1) in the case of Liens securing Subordinated
    Indebtedness, the Senior Subordinated Notes and related
    Guarantees are secured by a Lien on such property, assets or
    proceeds that is senior in priority to such Liens; or
(2) in all other cases, the Senior Subordinated Notes or
    the Guarantees are equally and ratably secured, except that the
    foregoing shall not apply to (a) Liens securing the Senior
    Subordinated Notes and the related Guarantees and (b) Liens
    securing Senior Indebtedness of the Issuer or any Guarantor.
Merger,
    Consolidation or Sale of All or Substantially All
    Assets
The Issuer may not consolidate or merge with or into or wind up
    into (whether or not the Issuer is the surviving corporation),
    or sell, assign, transfer, lease, convey or otherwise dispose of
    all or substantially all of its properties or assets, in one or
    more related transactions, to any Person unless:
(1) the Issuer is the surviving corporation or the Person
    formed by or surviving any such consolidation or merger (if
    other than the Issuer) or to which such sale, assignment,
    transfer, lease, conveyance or other disposition will have been
    made is a corporation organized or existing under the laws of
    the jurisdiction of organization of the Issuer or the laws of
    the United States, any state thereof, the District of Columbia,
    or any territory thereof (such Person, as the case may be, being
    herein called the "
Successor Company
");
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(2) the Successor Company, if other than the Issuer,
    expressly assumes all the obligations of the Issuer under the
    Senior Subordinated Notes pursuant to supplemental indentures or
    other documents or instruments in form reasonably satisfactory
    to the Trustee;
(3) immediately after such transaction, no Default exists;
(4) immediately after giving
pro forma
effect to
    such transaction and any related financing transactions, as if
    such transactions had occurred at the beginning of the
    applicable four-quarter period,
(a) the Successor Company would be permitted to incur at
    least $1.00 of additional Indebtedness pursuant to the Fixed
    Charge Coverage Ratio test set forth in the first sentence of
    the covenant described under "— Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock," or
(b) the Fixed Charge Coverage Ratio for the Successor
    Company, the Issuer and its Restricted Subsidiaries would be
    greater than such Ratio for the Issuer and its Restricted
    Subsidiaries immediately prior to such transaction;
(5) each Guarantor, unless it is the other party to the
    transactions described above, in which case clause (b) of
    the second succeeding paragraph shall apply, shall have by
    supplemental indenture confirmed that its Guarantee shall apply
    to such Person's obligations under the Indenture, the
    Senior Subordinated Notes and the Registration Rights
    Agreement; and
(6) the Issuer shall have delivered to the Trustee an
    Officer's Certificate and an Opinion of Counsel, each
    stating that such consolidation, merger or transfer and such
    supplemental indentures, if any, comply with the Indenture.
The Successor Company will succeed to, and be substituted for
    the Issuer, as the case may be, under the Indenture, the
    Guarantees and the Senior Subordinated Notes, as applicable.
    Notwithstanding the foregoing clauses (3) and (4),
(1) any Restricted Subsidiary may consolidate with or merge
    into or transfer all or part of its properties and assets to the
    Issuer, and
(2) the Issuer may merge with an Affiliate of the Issuer,
    as the case may be, solely for the purpose of reincorporating
    the Issuer in a State of the United States so long as the amount
    of Indebtedness of the Issuer and its Restricted Subsidiaries is
    not increased thereby.
Subject to certain limitations described in the Indenture
    governing release of a Guarantee upon the sale, disposition or
    transfer of a guarantor, no Guarantor will, and the Issuer will
    not permit any Guarantor to, consolidate or merge with or into
    or wind up into (whether or not the Issuer or Guarantor is the
    surviving corporation), or sell, assign, transfer, lease, convey
    or otherwise dispose of all or substantially all of its
    properties or assets, in one or more related transactions, to
    any Person unless:
(1) (a) such Guarantor is the surviving corporation or
    the Person formed by or surviving any such consolidation or
    merger (if other than such Guarantor) or to which such sale,
    assignment, transfer, lease, conveyance or other disposition
    will have been made is a corporation organized or existing under
    the laws of the jurisdiction of organization of such Guarantor,
    as the case may be, or the laws of the United States, any
    state thereof, the District of Columbia, or any territory
    thereof (such Guarantor or such Person, as the case may be,
    being herein called the "
Successor Person
");
(b) the Successor Person, if other than such Guarantor,
    expressly assumes all the obligations of such Guarantor under
    the Indenture and such Guarantor's related Guarantee
    pursuant to supplemental indentures or other documents or
    instruments in form reasonably satisfactory to the Trustee;
(c) immediately after such transaction, no Default
    exists; and
(d) the Issuer shall have delivered to the Trustee an
    Officer's Certificate and an Opinion of Counsel, each
    stating that such consolidation, merger or transfer and such
    supplemental indentures, if any, comply with the
    Indenture; or
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(2) the transaction is made in compliance with the covenant
    described under "Repurchase at the Option of
    Holders — Asset Sales."
Subject to certain limitations described in the Indenture, the
    Successor Person will succeed to, and be substituted for, such
    Guarantor under the Indenture and such Guarantor's
    Guarantee. Notwithstanding the foregoing, any Guarantor may
    merge into or transfer all or part of its properties and assets
    to another Guarantor or the Issuer.
Transactions
    with Affiliates
The Issuer will not, and will not permit any of its Restricted
    Subsidiaries to, make any payment to, or sell, lease, transfer
    or otherwise dispose of any of its properties or assets to, or
    purchase any property or assets from, or enter into or make or
    amend any transaction, contract, agreement, understanding, loan,
    advance or guarantee with, or for the benefit of, any Affiliate
    of the Issuer (each of the foregoing, an "
Affiliate
    Transaction
") involving aggregate payments or
    consideration in excess of $20 million, unless:
(1) such Affiliate Transaction is on terms that are not
    materially less favorable to the Issuer or its relevant
    Restricted Subsidiary than those that would have been obtained
    in a comparable transaction by the Issuer or such Restricted
    Subsidiary with an unrelated Person on an arm's-length
    basis; and
(2) the Issuer delivers to the Trustee with respect to any
    Affiliate Transaction or series of related Affiliate
    Transactions involving aggregate payments or consideration in
    excess of $50 million, a resolution adopted by the majority
    of the board of directors of the Issuer approving such Affiliate
    Transaction and set forth in an Officer's Certificate
    certifying that such Affiliate Transaction complies with
    clause (1) above.
The foregoing provisions will not apply to the following:
(1) transactions between or among the Issuer or any of its
    Restricted Subsidiaries;
(2) Restricted Payments permitted by the provisions of the
    Indenture described above under the covenant
    "— Limitation on Restricted Payments" and
    the definition of "Permitted Investments";
(3) the payment of management, consulting, monitoring and
    advisory fees and related expenses to the Investors pursuant to
    the Sponsor Management Agreement in an aggregate amount in any
    fiscal year not to exceed 1% of EBITDA for such fiscal year
    (calculated, solely for the purpose of this clause (3), assuming
    (a) that such fees and related expenses had not been paid,
    when calculating Net Income, and (b) without giving effect
    to clause (h) of the definition of EBITDA) (plus any unpaid
    management, consulting, monitoring and advisory fees and related
    expenses within such amount accrued in any prior year) and the
    termination fees pursuant to the Sponsor Management Agreement
    not to exceed the amount set forth in the Sponsor Management
    Agreement as in effect on the Issue Date;
(4) the payment of reasonable and customary fees paid to,
    and indemnities provided on behalf of, officers, directors,
    employees or consultants of Issuer, any of its direct or
    indirect parent companies or any of its Restricted Subsidiaries;
(5) transactions in which the Issuer or any of its
    Restricted Subsidiaries, as the case may be, delivers to the
    Trustee a letter from an Independent Financial Advisor stating
    that such transaction is fair to the Issuer or such Restricted
    Subsidiary from a financial point of view or stating that the
    terms are not materially less favorable to the Issuer or its
    relevant Restricted Subsidiary than those that would have been
    obtained in a comparable transaction by the Issuer or such
    Restricted Subsidiary with an unrelated Person on an
    arm's-length basis;
(6) any agreement as in effect as of the Issue Date, or any
    amendment thereto (so long as any such amendment is not
    disadvantageous to the Holders when taken as a whole as compared
    to the applicable agreement as in effect on the Issue Date);
(7) the existence of, or the performance by the Issuer or
    any of its Restricted Subsidiaries of its obligations under the
    terms of, any stockholders agreement (including any registration
    rights agreement or
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purchase agreement related thereto) to which it is a party as of
    the Issue Date and any similar agreements which it may enter
    into thereafter;
provided
,
however
, that the
    existence of, or the performance by the Issuer or any of its
    Restricted Subsidiaries of obligations under any future
    amendment to any such existing agreement or under any similar
    agreement entered into after the Issue Date shall only be
    permitted by this clause (7) to the extent that the terms of any
    such amendment or new agreement are not otherwise
    disadvantageous to the Holders when taken as a whole;
(8) the Transaction and the payment of all fees and
    expenses related to the Transaction, in each case as disclosed
    in this prospectus;
(9) transactions with customers, clients, suppliers, or
    purchasers or sellers of goods or services, in each case in the
    ordinary course of business and otherwise in compliance with the
    terms of the Indenture which are fair to the Issuer and its
    Restricted Subsidiaries, in the reasonable determination of the
    board of directors of the Issuer or the senior management
    thereof, or are on terms at least as favorable as might
    reasonably have been obtained at such time from an unaffiliated
    party;
(10) the issuance of Equity Interests (other than
    Disqualified Stock) of the Issuer to any Permitted Holder or to
    any director, officer, employee or consultant;
(11) sales of accounts receivable, or participations
    therein, in connection with any Receivables Facility;
(12) payments by the Issuer or any of its Restricted
    Subsidiaries to any of the Investors made for any financial
    advisory, financing, underwriting or placement services or in
    respect of other investment banking activities, including,
    without limitation, in connection with acquisitions or
    divestitures which payments are approved by a majority of the
    board of directors of the Issuer in good faith;
(13) payments or loans (or cancellation of loans) to
    employees or consultants of the Issuer, any of its direct or
    indirect parent companies or any of its Restricted Subsidiaries
    and employment agreements, stock option plans and other similar
    arrangements with such employees or consultants which, in each
    case, are approved by the Issuer in good faith; and
(14) investments by the Investors in securities of the
    Issuer or any of its Restricted Subsidiaries so long as
    (i) the investment is being offered generally to other
    investors on the same or more favorable terms and (ii) the
    investment constitutes less than 5% of the proposed or
    outstanding issue amount of such class of securities.
Dividend
    and Other Payment Restrictions Affecting Restricted
    Subsidiaries
The Issuer will not, and will not permit any of its Restricted
    Subsidiaries that are not Guarantors to, directly or indirectly,
    create or otherwise cause or suffer to exist or become effective
    any consensual encumbrance or consensual restriction on the
    ability of any such Restricted Subsidiary to:
(1) (a) pay dividends or make any other distributions
    to the Issuer or any of its Restricted Subsidiaries on its
    Capital Stock or with respect to any other interest or
    participation in, or measured by, its profits, or
(b) pay any Indebtedness owed to the Issuer or any of its
    Restricted Subsidiaries;
(2) make loans or advances to the Issuer or any of its
    Restricted Subsidiaries; or
(3) sell, lease or transfer any of its properties or assets
    to the Issuer or any of its Restricted Subsidiaries, except (in
    each case) for such encumbrances or restrictions existing under
    or by reason of:
(a) contractual encumbrances or restrictions in effect on
    the Issue Date, including pursuant to the Senior Credit
    Facilities and the related documentation and the Senior Notes
    and the related indenture;
(b) the Indenture and the Senior Subordinated Notes;
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(c) purchase money obligations for property acquired in the
    ordinary course of business that impose restrictions of the
    nature discussed in clause (3) above on the property so
    acquired;
(d) applicable law or any applicable rule, regulation or
    order;
(e) any agreement or other instrument of a Person acquired
    by the Issuer or any of its Restricted Subsidiaries in existence
    at the time of such acquisition (but not created in
    contemplation thereof), which encumbrance or restriction is not
    applicable to any Person, or the properties or assets of any
    Person, other than the Person and its Subsidiaries, or the
    property or assets of the Person and its Subsidiaries, so
    acquired;
(f) contracts for the sale of assets, including customary
    restrictions with respect to a Subsidiary of the Issuer pursuant
    to an agreement that has been entered into for the sale or
    disposition of all or substantially all of the Capital Stock or
    assets of such Subsidiary;
(g) Secured Indebtedness otherwise permitted to be incurred
    pursuant to the covenants described under
    "— Limitation on Incurrence of Indebtedness and
    Issuance of Disqualified Stock and Preferred Stock" and
    "— Liens" that limit the right of the debtor
    to dispose of the assets securing such Indebtedness;
(h) restrictions on cash or other deposits or net worth
    imposed by customers under contracts entered into in the
    ordinary course of business;
(i) other Indebtedness, Disqualified Stock or Preferred
    Stock of Foreign Subsidiaries permitted to be incurred
    subsequent to the Issue Date pursuant to the provisions of the
    covenant described under "— Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock";
(j) customary provisions in joint venture agreements and
    other similar agreements relating solely to such joint venture;
(k) customary provisions contained in leases or licenses of
    intellectual property and other agreements, in each case,
    entered into in the ordinary course of business;
(l) any encumbrances or restrictions of the type referred
    to in clauses (1), (2) and (3) above imposed by any
    amendments, modifications, restatements, renewals, increases,
    supplements, refundings, replacements or refinancings of the
    contracts, instruments or obligations referred to in
    clauses (a) through (k) above;
provided
that
    such amendments, modifications, restatements, renewals,
    increases, supplements, refundings, replacements or refinancings
    are, in the good faith judgment of the Issuer, no more
    restrictive with respect to such encumbrance and other
    restrictions taken as a whole than those prior to such
    amendment, modification, restatement, renewal, increase,
    supplement, refunding, replacement or refinancing; and
(m) restrictions created in connection with any Receivables
    Facility that, in the good faith determination of the Issuer are
    necessary or advisable to effect such Receivables Facility.
Limitation
    on Guarantees of Indebtedness by Restricted
    Subsidiaries
The Issuer will not permit any of its Wholly-Owned Subsidiaries
    that are Restricted Subsidiaries (and non-Wholly-Owned
    Subsidiaries if such non-Wholly-Owned Subsidiaries guarantee
    other capital markets debt securities), other than a Guarantor
    or a Foreign Subsidiary, to guarantee the payment of any
    Indebtedness of the Issuer or any other Guarantor unless:
(1) such Restricted Subsidiary within 30 days executes
    and delivers a supplemental indenture to the Indenture providing
    for a Guarantee by such Restricted Subsidiary, except that with
    respect to a guarantee of Indebtedness of the Issuer or any
    Guarantor:
(a) if the Senior Subordinated Notes or such
    Guarantor's Guarantee are subordinated in right of payment
    to such Indebtedness, the Guarantee under the supplemental
    indenture shall be subordinated
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to such Restricted Subsidiary's guarantee with respect to
    such Indebtedness substantially to the same extent as the Senior
    Subordinated Notes are subordinated to such
    Indebtedness; and
(b) if such Indebtedness is by its express terms
    subordinated in right of payment to the Senior Subordinated
    Notes or such Guarantor's Guarantee, any such guarantee by
    such Restricted Subsidiary with respect to such Indebtedness
    shall be subordinated in right of payment to such Guarantee
    substantially to the same extent as such Indebtedness is
    subordinated to the Senior Subordinated Notes;
(2) such Restricted Subsidiary waives and will not in any
    manner whatsoever claim or take the benefit or advantage of, any
    rights of reimbursement, indemnity or subrogation or any other
    rights against the Issuer or any other Restricted Subsidiary as
    a result of any payment by such Restricted Subsidiary under its
    Guarantee; and
(3) such Restricted Subsidiary shall deliver to the Trustee
    an Opinion of Counsel to the effect that:
(a) such Guarantee has been duly executed and
    authorized; and
(b) such Guarantee constitutes a valid, binding and
    enforceable obligation of such Restricted Subsidiary, except
    insofar as enforcement thereof may be limited by bankruptcy,
    insolvency or similar laws (including, without limitation, all
    laws relating to fraudulent transfers) and except insofar as
    enforcement thereof is subject to general principles of equity;
provided
that this covenant shall not be applicable to
    any guarantee of any Restricted Subsidiary that existed at the
    time such Person became a Restricted Subsidiary and was not
    incurred in connection with, or in contemplation of, such Person
    becoming a Restricted Subsidiary.
Limitation
    on Layering
The Indenture provides that the Issuer will not, and will not
    permit any Guarantor to, directly or indirectly, incur any
    Indebtedness (including Acquired Indebtedness) that is
    subordinate in right of payment to any Senior Indebtedness of
    the Issuer or such Guarantor, as the case may be, unless such
    Indebtedness is either:
(1) equal in right of payment with the Senior Subordinated
    Notes or such Guarantor's Guarantee of the Senior
    Subordinated Notes, as the case may be; or
(2) expressly subordinated in right of payment to the
    Senior Subordinated Notes or such Guarantor's Guarantee of
    the Senior Subordinated Notes, as the case may be.
The Indenture does not treat (1) unsecured Indebtedness as
    subordinated or junior to Secured Indebtedness merely because it
    is unsecured or (2) Senior Indebtedness as subordinated or
    junior to any other Senior Indebtedness merely because it has a
    junior priority with respect to the same collateral.
Reports
    and Other Information
Notwithstanding that the Issuer may not be subject to the
    reporting requirements of Section 13 or 15(d) of the
    Exchange Act or otherwise report on an annual and quarterly
    basis on forms provided for such annual and quarterly reporting
    pursuant to rules and regulations promulgated by the SEC, the
    Indenture requires the Issuer to file with the SEC (and make
    available to the Trustee and Holders of the Senior Subordinated
    Notes (without exhibits), without cost to any Holder, within
    15 days after it files them with the SEC) from and after
    the Issue Date,
(1) within 90 days (or any other time period then in
    effect under the rules and regulations of the Exchange Act with
    respect to the filing of a
Form 10-K
by a non-accelerated filer) after the end of each fiscal year,
    annual reports on
Form 10-K,
or any successor or comparable form, containing the information
    required to be contained therein, or required in such successor
    or comparable form;
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(2) within 45 days after the end of each of the first
    three fiscal quarters of each fiscal year, reports on
Form 10-Q
containing all quarterly information that would be required to
    be contained in
Form 10-Q,
or any successor or comparable form;
(3) promptly from time to time after the occurrence of an
    event required to be therein reported, such other reports on
Form 8-K,
or any successor or comparable form; and
(4) any other information, documents and other reports
    which the Issuer would be required to file with the SEC if it
    were subject to Section 13 or 15(d) of the Exchange Act;
in each case, in a manner that complies in all material respects
    with the requirements specified in such form;
provided
that the Issuer shall not be so obligated to file such
    reports with the SEC if the SEC does not permit such filing, in
    which event the Issuer will make available such information to
    prospective purchasers of Senior Subordinated Notes, in addition
    to providing such information to the Trustee and the Holders of
    the Senior Subordinated Notes, in each case within 15 days
    after the time the Issuer would be required to file such
    information with the SEC, if it were subject to Sections 13
    or 15(d) of the Exchange Act. In addition, to the extent not
    satisfied by the foregoing, the Issuer will agree that, for so
    long as any Senior Subordinated Notes are outstanding, it will
    furnish to Holders and to securities analysts and prospective
    investors, upon their request, the information required to be
    delivered pursuant to Rule 144A(d)(4) under the Securities
    Act.
In the event that any direct or indirect parent company of the
    Issuer becomes a guarantor of the Senior Subordinated Notes, the
    Indenture permits the Issuer to satisfy its obligations in this
    covenant with respect to financial information relating to the
    Issuer by furnishing financial information relating to such
    parent;
provided
that the same is accompanied by
    consolidating information that explains in reasonable detail the
    differences between the information relating to such parent, on
    the one hand, and the information relating to the Issuer and its
    Restricted Subsidiaries on a standalone basis, on the other hand.
Notwithstanding the foregoing, such requirements shall be deemed
    satisfied prior to the commencement of the exchange offer or the
    effectiveness of the shelf registration statement by the filing
    with the SEC of the exchange offer registration statement or
    shelf registration statement, and any amendments thereto, with
    such financial information that satisfies
Regulation S-X
of the Securities Act.
Events of
    Default and Remedies
The Indenture provides that each of the following is an Event of
    Default:
(1) default in payment when due and payable, upon
    redemption, acceleration or otherwise, of principal of, or
    premium, if any, on the Senior Subordinated Notes (whether or
    not prohibited by the subordination provisions of the Indenture);
(2) default for 30 days or more in the payment when
    due of interest or Additional Interest on or with respect to the
    Senior Subordinated Notes (whether or not prohibited by the
    subordination provisions of the Indenture);
(3) failure by the Issuer or any Guarantor for 60 days
    after receipt of written notice given by the Trustee or the
    Holders of not less 30% in principal amount of the Senior
    Subordinated Notes to comply with any of its obligations,
    covenants or agreements (other than a default referred to in
    clauses (1) and (2) above) contained in the Indenture
    or the Senior Subordinated Notes;
(4) default under any mortgage, indenture or instrument
    under which there is issued or by which there is secured or
    evidenced any Indebtedness for money borrowed by the Issuer or
    any of its Restricted Subsidiaries or the payment of which is
    guaranteed by the Issuer or any of its Restricted Subsidiaries,
    other than Indebtedness owed to the Issuer or a Restricted
    Subsidiary, whether such Indebtedness or guarantee now exists or
    is created after the issuance of the Senior Subordinated Notes,
    if both:
(a) such default either results from the failure to pay any
    principal of such Indebtedness at its stated final maturity
    (after giving effect to any applicable grace periods) or relates
    to an obligation other than the obligation to pay principal of
    any such Indebtedness at its stated final maturity and
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results in the holder or holders of such Indebtedness causing
    such Indebtedness to become due prior to its stated
    maturity; and
(b) the principal amount of such Indebtedness, together
    with the principal amount of any other such Indebtedness in
    default for failure to pay principal at stated final maturity
    (after giving effect to any applicable grace periods), or the
    maturity of which has been so accelerated, aggregate
    $100 million or more at any one time outstanding;
(5) failure by the Issuer or any Significant Subsidiary to
    pay final judgments aggregating in excess of $100 million,
    which final judgments remain unpaid, undischarged and unstayed
    for a period of more than 60 days after such judgment
    becomes final, and in the event such judgment is covered by
    insurance, an enforcement proceeding has been commenced by any
    creditor upon such judgment or decree which is not promptly
    stayed;
(6) certain events of bankruptcy or insolvency with respect
    to the Issuer or any Significant Subsidiary; or
(7) the Guarantee of any Significant Subsidiary shall for
    any reason cease to be in full force and effect or be declared
    null and void or any responsible officer of any Guarantor that
    is a Significant Subsidiary, as the case may be, denies that it
    has any further liability under its Guarantee or gives notice to
    such effect, other than by reason of the termination of the
    Indenture or the release of any such Guarantee in accordance
    with the Indenture.
If any Event of Default (other than of a type specified in
    clause (6) above) occurs and is continuing under the
    Indenture, the Trustee or the Holders of at least 30% in
    principal amount of the then total outstanding Senior
    Subordinated Notes may declare the principal, premium, if any,
    interest and any other monetary obligations on all the then
    outstanding Senior Subordinated Notes to be due and payable
    immediately;
provided
,
however
, that so long as
    any Indebtedness permitted to be incurred under the Indenture as
    part of the Senior Credit Facilities shall be outstanding, no
    such acceleration shall be effective until the earlier of:
(1) acceleration of any such Indebtedness under the Senior
    Credit Facilities; or
(2) five Business Days after the giving of written notice
    of such acceleration to the Issuer and the administrative agent
    under the Senior Credit Facilities.
Upon the effectiveness of such declaration, such principal and
    interest will be due and payable immediately. Notwithstanding
    the foregoing, in the case of an Event of Default arising under
    clause (6) of the first paragraph of this section, all
    outstanding Senior Subordinated Notes will become due and
    payable without further action or notice. The Indenture provides
    that the Trustee may withhold from the Holders notice of any
    continuing Default, except a Default relating to the payment of
    principal, premium, if any, or interest, if it determines that
    withholding notice is in their interest. In addition, the
    Trustee shall have no obligation to accelerate the Senior
    Subordinated Notes if in the best judgment of the Trustee
    acceleration is not in the best interest of the Holders of the
    Senior Subordinated Notes.
The Indenture provides that the Holders of a majority in
    aggregate principal amount of the then outstanding Senior
    Subordinated Notes by notice to the Trustee may on behalf of the
    Holders of all of the Senior Subordinated Notes waive any
    existing Default and its consequences under the Indenture except
    a continuing Default in the payment of interest on, premium, if
    any, or the principal of any Senior Subordinated Note held by a
    non-consenting Holder. In the event of any Event of Default
    specified in clause (4) above, such Event of Default and
    all consequences thereof (excluding any resulting payment
    default, other than as a result of acceleration of the Senior
    Subordinated Notes) shall be annulled, waived and rescinded,
    automatically and without any action by the Trustee or the
    Holders, if within 20 days after such Event of Default
    arose:
(1) the Indebtedness or guarantee that is the basis for
    such Event of Default has been discharged; or
(2) holders thereof have rescinded or waived the
    acceleration, notice or action (as the case may be) giving rise
    to such Event of Default; or
(3) the default that is the basis for such Event of Default
    has been cured.
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Subject to the provisions of the Indenture relating to the
    duties of the Trustee thereunder, in case an Event of Default
    occurs and is continuing, the Trustee will be under no
    obligation to exercise any of the rights or powers under the
    Indenture at the request or direction of any of the Holders of
    the Senior Subordinated Notes unless the Holders have offered to
    the Trustee reasonable indemnity or security against any loss,
    liability or expense. Except to enforce the right to receive
    payment of principal, premium (if any) or interest when due, no
    Holder of a Senior Subordinated Note may pursue any remedy with
    respect to the Indenture or the Senior Subordinated Notes unless:
(1) such Holder has previously given the Trustee notice
    that an Event of Default is continuing;
(2) Holders of at least 30% in principal amount of the
    total outstanding Senior Subordinated Notes have requested the
    Trustee to pursue the remedy;
(3) Holders of the Senior Subordinated Notes have offered
    the Trustee reasonable security or indemnity against any loss,
    liability or expense;
(4) the Trustee has not complied with such request within
    60 days after the receipt thereof and the offer of security
    or indemnity; and
(5) Holders of a majority in principal amount of the total
    outstanding Senior Subordinated Notes have not given the Trustee
    a direction inconsistent with such request within such
60-day
period.
Subject to certain restrictions, under the Indenture the Holders
    of a majority in principal amount of the total outstanding
    Senior Subordinated Notes are given the right to direct the
    time, method and place of conducting any proceeding for any
    remedy available to the Trustee or of exercising any trust or
    power conferred on the Trustee. The Trustee, however, may refuse
    to follow any direction that conflicts with law or the Indenture
    or that the Trustee determines is unduly prejudicial to the
    rights of any other Holder of a Senior Subordinated Note or that
    would involve the Trustee in personal liability.
The Indenture provides that the Issuer is required to deliver to
    the Trustee annually a statement regarding compliance with the
    Indenture, and the Issuer is required, within five Business
    Days, upon becoming aware of any Default, to deliver to the
    Trustee a statement specifying such Default.
No
    Personal Liability of Directors, Officers, Employees and
    Stockholders
No director, officer, employee, incorporator or stockholder of
    the Issuer or any Guarantor or any of their parent companies
    shall have any liability for any obligations of the Issuer or
    the Guarantors under the Senior Subordinated Notes, the
    Guarantees or the Indenture or for any claim based on, in
    respect of, or by reason of such obligations or their creation.
    Each Holder by accepting Senior Subordinated Notes waives and
    releases all such liability. The waiver and release are part of
    the consideration for issuance of the Senior Subordinated Notes.
    Such waiver may not be effective to waive liabilities under the
    federal securities laws and it is the view of the SEC that such
    a waiver is against public policy.
Legal
    Defeasance and Covenant Defeasance
The obligations of the Issuer and the Guarantors under the
    Indenture will terminate (other than certain obligations) and
    will be released upon payment in full of all of the Senior
    Subordinated Notes. The Issuer may, at its option and at any
    time, elect to have all of its obligations discharged with
    respect to the Senior Subordinated Notes and have the Issuer and
    each Guarantor's obligation discharged with respect to its
    Guarantee ("
Legal Defeasance
") and cure all
    then existing Events of Default except for:
(1) the rights of Holders of Senior Subordinated Notes to
    receive payments in respect of the principal of, premium, if
    any, and interest on the Senior Subordinated Notes when such
    payments are due solely out of the trust created pursuant to the
    Indenture;
(2) the Issuer's obligations with respect to Senior
    Subordinated Notes concerning issuing temporary Senior
    Subordinated Notes, registration of such Senior Subordinated
    Notes, mutilated, destroyed, lost or
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stolen Senior Subordinated Notes and the maintenance of an
    office or agency for payment and money for security payments
    held in trust;
(3) the rights, powers, trusts, duties and immunities of
    the Trustee, and the Issuer's obligations in connection
    therewith; and
(4) the Legal Defeasance provisions of the Indenture.
In addition, the Issuer may, at its option and at any time,
    elect to have its obligations and those of each Guarantor
    released with respect to certain covenants that are described in
    the Indenture ("
Covenant Defeasance
") and
    thereafter any omission to comply with such obligations shall
    not constitute a Default with respect to the Senior Subordinated
    Notes. In the event Covenant Defeasance occurs, certain events
    (not including bankruptcy, receivership, rehabilitation and
    insolvency events pertaining to the Issuer) described under
    "Events of Default and Remedies" will no longer
    constitute an Event of Default with respect to the Senior
    Subordinated Notes.
In order to exercise either Legal Defeasance or Covenant
    Defeasance with respect to the Senior Subordinated Notes:
(1) the Issuer must irrevocably deposit with the Trustee,
    in trust, for the benefit of the Holders of the Senior
    Subordinated Notes, cash in U.S. dollars, Government
    Securities, or a combination thereof, in such amounts as will be
    sufficient, in the opinion of a nationally recognized firm of
    independent public accountants, to pay the principal of,
    premium, if any, and interest due on the Senior Subordinated
    Notes on the stated maturity date or on the redemption date, as
    the case may be, of such principal, premium, if any, or interest
    on such Senior Subordinated Notes and the Issuer must specify
    whether such Senior Subordinated Notes are being defeased to
    maturity or to a particular redemption date;
(2) in the case of Legal Defeasance, the Issuer shall have
    delivered to the Trustee an Opinion of Counsel reasonably
    acceptable to the Trustee confirming that, subject to customary
    assumptions and exclusions,
(a) the Issuer has received from, or there has been
    published by, the United States Internal Revenue Service a
    ruling, or
(b) since the issuance of the Senior Subordinated Notes,
    there has been a change in the applicable U.S. federal
    income tax law, in either case to the effect that, and based
    thereon such Opinion of Counsel shall confirm that, subject to
    customary assumptions and exclusions, the Holders of the Senior
    Subordinated Notes will not recognize income, gain or loss for
    U.S. federal income tax purposes, as applicable, as a
    result of such Legal Defeasance and will be subject to
    U.S. federal income tax on the same amounts, in the same
    manner and at the same times as would have been the case if such
    Legal Defeasance had not occurred;
(3) in the case of Covenant Defeasance, the Issuer shall
    have delivered to the Trustee an Opinion of Counsel reasonably
    acceptable to the Trustee confirming that, subject to customary
    assumptions and exclusions, the Holders of the Senior
    Subordinated Notes will not recognize income, gain or loss for
    U.S. federal income tax purposes as a result of such
    Covenant Defeasance and will be subject to such tax on the same
    amounts, in the same manner and at the same times as would have
    been the case if such Covenant Defeasance had not occurred;
(4) no Default (other than that resulting from borrowing
    funds to be applied to make such deposit and the granting of
    Liens in connection therewith) shall have occurred and be
    continuing on the date of such deposit;
(5) such Legal Defeasance or Covenant Defeasance shall not
    result in a breach or violation of, or constitute a default
    under the Senior Credit Facilities, the Senior Notes or the
    indenture pursuant to which the Senior Notes were issued or any
    other material agreement or instrument (other than the
    Indenture) to which, the Issuer or any Guarantor is a party or
    by which the Issuer or any Guarantor is bound;
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(6) the Issuer shall have delivered to the Trustee an
    Opinion of Counsel to the effect that, as of the date of such
    opinion and subject to customary assumptions and exclusions
    following the deposit, the trust funds will not be subject to
    the effect of Section 547 of Title 11 of the United
    States Code;
(7) the Issuer shall have delivered to the Trustee an
    Officer's Certificate stating that the deposit was not made
    by the Issuer with the intent of defeating, hindering, delaying
    or defrauding any creditors of the Issuer or any Guarantor or
    others; and
(8) the Issuer shall have delivered to the Trustee an
    Officer's Certificate and an Opinion of Counsel (which
    Opinion of Counsel may be subject to customary assumptions and
    exclusions) each stating that all conditions precedent provided
    for or relating to the Legal Defeasance or the Covenant
    Defeasance, as the case may be, have been complied with.
Satisfaction
    and Discharge
The Indenture will be discharged and will cease to be of further
    effect as to all Senior Subordinated Notes, when either:
(1) all Senior Subordinated Notes theretofore authenticated
    and delivered, except lost, stolen or destroyed Senior
    Subordinated Notes which have been replaced or paid and Senior
    Subordinated Notes for whose payment money has theretofore been
    deposited in trust, have been delivered to the Trustee for
    cancellation; or
(2) (a) all Senior Subordinated Notes not theretofore
    delivered to the Trustee for cancellation have become due and
    payable by reason of the making of a notice of redemption or
    otherwise, will become due and payable within one year or are to
    be called for redemption within one year under arrangements
    satisfactory to the Trustee for the giving of notice of
    redemption by the Trustee in the name, and at the expense, of
    the Issuer and the Issuer or any Guarantor have irrevocably
    deposited or caused to be deposited with the Trustee as trust
    funds in trust solely for the benefit of the Holders of the
    Senior Subordinated Notes, cash in U.S. dollars, Government
    Securities, or a combination thereof, in such amounts as will be
    sufficient without consideration of any reinvestment of interest
    to pay and discharge the entire indebtedness on the Senior
    Subordinated Notes not theretofore delivered to the Trustee for
    cancellation for principal, premium, if any, and accrued
    interest to the date of maturity or redemption;
(b) no Default (other than that resulting from borrowing
    funds to be applied to make such deposit) with respect to the
    Indenture or the Senior Subordinated Notes shall have occurred
    and be continuing on the date of such deposit or shall occur as
    a result of such deposit and such deposit will not result in a
    breach or violation of, or constitute a default under the Senior
    Credit Facilities, the indenture governing the Senior Notes or
    any other material agreement or instrument (other than the
    Indenture) to which the Issuer or any Guarantor is a party or by
    which the Issuer or any Guarantor is bound;
(c) the Issuer has paid or caused to be paid all sums
    payable by it under the Indenture; and
(d) the Issuer has delivered irrevocable instructions to
    the Trustee to apply the deposited money toward the payment of
    the Senior Subordinated Notes at maturity or the redemption
    date, as the case may be.
In addition, the Issuer must deliver an Officer's
    Certificate and an Opinion of Counsel to the Trustee stating
    that all conditions precedent to satisfaction and discharge have
    been satisfied.
Amendment,
    Supplement and Waiver
Except as provided in the next two succeeding paragraphs, the
    Indenture, any Guarantee and the Senior Subordinated Notes may
    be amended or supplemented with the consent of the Holders of at
    least a majority in principal amount of the Senior Subordinated
    Notes then outstanding, including consents obtained in
    connection with a purchase of, or tender offer or exchange offer
    for, Senior Subordinated Notes, and any existing Default or
    compliance with any provision of the Indenture or the Senior
    Subordinated Notes issued thereunder may be waived with the
    consent of the Holders of a majority in principal amount of the
    then outstanding Senior Subordinated
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Notes, other than Senior Subordinated Notes beneficially owned
    by the Issuer or its Affiliates (including consents obtained in
    connection with a purchase of or tender offer or exchange offer
    for the Senior Subordinated Notes).
The Indenture provides that, without the consent of each
    affected Holder of Senior Subordinated Notes, an amendment or
    waiver may not, with respect to any Senior Subordinated Notes
    held by a non-consenting Holder:
(1) reduce the principal amount of such Senior Subordinated
    Notes whose Holders must consent to an amendment, supplement or
    waiver;
(2) reduce the principal of or change the fixed final
    maturity of any such Senior Subordinated Note or alter or waive
    the provisions with respect to the redemption of such Senior
    Subordinated Notes (other than provisions relating to the
    covenants described above under the caption "Repurchase at
    the Option of Holders");
(3) reduce the rate of or change the time for payment of
    interest on any Senior Subordinated Note;
(4) waive a Default in the payment of principal of or
    premium, if any, or interest on the Senior Subordinated Notes,
    except a rescission of acceleration of the Senior Subordinated
    Notes by the Holders of at least a majority in aggregate
    principal amount of the Senior Subordinated Notes and a waiver
    of the payment default that resulted from such acceleration, or
    in respect of a covenant or provision contained in the Indenture
    or any Guarantee which cannot be amended or modified without the
    consent of all Holders;
(5) make any Senior Subordinated Note payable in money
    other than that stated therein;
(6) make any change in the provisions of the Indenture
    relating to waivers of past Defaults or the rights of Holders to
    receive payments of principal of or premium, if any, or interest
    on the Senior Subordinated Notes;
(7) make any change in these amendment and waiver
    provisions;
(8) impair the right of any Holder to receive payment of
    principal of, or interest on such Holder's Senior
    Subordinated Notes on or after the due dates therefor or to
    institute suit for the enforcement of any payment on or with
    respect to such Holder's Senior Subordinated Notes;
(9) make any change in the subordination provisions thereof
    that would adversely affect the Holders; or
(10) except as expressly permitted by the Indenture, modify
    the Guarantees of any Significant Subsidiary in any manner
    adverse to the Holders of the Senior Subordinated Notes.
Notwithstanding the foregoing, the Issuer, any Guarantor (with
    respect to a Guarantee or the Indenture to which it is a party)
    and the Trustee may amend or supplement the Indenture and any
    Guarantee or Senior Subordinated Notes without the consent of
    any Holder;
(1) to cure any ambiguity, omission, mistake, defect or
    inconsistency;
(2) to provide for uncertificated Senior Subordinated Notes
    of such series in addition to or in place of certificated Senior
    Subordinated Notes;
(3) to comply with the covenant relating to mergers,
    consolidations and sales of assets;
(4) to provide the assumption of the Issuer's or any
    Guarantor's obligations to the Holders;
(5) to make any change that would provide any additional
    rights or benefits to the Holders or that does not adversely
    affect the legal rights under the Indenture of any such Holder;
(6) to add covenants for the benefit of the Holders or to
    surrender any right or power conferred upon the Issuer or any
    Guarantor;
(7) to comply with requirements of the SEC in order to
    effect or maintain the qualification of the Indenture under the
    Trust Indenture Act;
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(8) to evidence and provide for the acceptance and
    appointment under the Indenture of a successor Trustee
    thereunder pursuant to the requirements thereof;
(9) to provide for the issuance of exchange notes or
    private exchange notes, which are identical to exchange notes
    except that they are not freely transferable;
(10) to add a Guarantor under the Indenture;
(11) to conform the text of the Indenture, Guarantees or
    the Senior Subordinated Notes to any provision of this
    "Description of Senior Subordinated Notes" to the
    extent that such provision in this "Description of Senior
    Subordinated Notes" was intended to be a verbatim
    recitation of a provision of the Indenture, Guarantee or Senior
    Subordinated Notes; or
(12) making any amendment to the provisions of the
    Indenture relating to the transfer and legending of Senior
    Subordinated Notes as permitted by the Indenture, including,
    without limitation to facilitate the issuance and administration
    of the Senior Subordinated Notes;
provided
,
however
, that (i) compliance with the Indenture as
    so amended would not result in Senior Subordinated Notes being
    transferred in violation of the Securities Act or any applicable
    securities law and (ii) such amendment does not materially
    and adversely affect the rights of Holders to transfer Senior
    Subordinated Notes.
The consent of the Holders is not necessary under the Indenture
    to approve the particular form of any proposed amendment. It is
    sufficient if such consent approves the substance of the
    proposed amendment.
Notices
Notices given by publication will be deemed given on the first
    date on which publication is made and notices given by first-
    class mail, postage prepaid, will be deemed given five calendar
    days after mailing.
Concerning
    the Trustee
The Indenture contains certain limitations on the rights of the
    Trustee thereunder, should it become a creditor of the Issuer,
    to obtain payment of claims in certain cases, or to realize on
    certain property received in respect of any such claim as
    security or otherwise. The Trustee is permitted to engage in
    other transactions; however, if it acquires any conflicting
    interest it must eliminate such conflict within 90 days,
    apply to the SEC for permission to continue or resign.
The Indenture provides that the Holders of a majority in
    principal amount of the outstanding Senior Subordinated Notes
    have the right to direct the time, method and place of
    conducting any proceeding for exercising any remedy available to
    the Trustee, subject to certain exceptions. The Indenture
    provides that in case an Event of Default shall occur (which
    shall not be cured), the Trustee will be required, in the
    exercise of its power, to use the degree of care of a prudent
    person in the conduct of his own affairs. Subject to such
    provisions, the Trustee is under no obligation to exercise any
    of its rights or powers under the Indenture at the request of
    any Holder of the Senior Subordinated Notes, unless such Holder
    shall have offered to the Trustee security and indemnity
    satisfactory to it against any loss, liability or expense.
Governing
    Law
The Indenture, the Senior Subordinated Notes and any Guarantee
    are governed by and construed in accordance with the laws of the
    State of New York.
Certain
    Definitions
Set forth below are certain defined terms used in the Indenture.
    For purposes of the Indenture, unless otherwise specifically
    indicated, the term "consolidated" with respect to any
    Person refers to such Person consolidated with its Restricted
    Subsidiaries, and excludes from such consolidation any
    Unrestricted Subsidiary as if such Unrestricted Subsidiary were
    not an Affiliate of such Person.
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"
Acquired Indebtedness
" means, with respect to
    any specified Person,
(1) Indebtedness of any other Person existing at the time
    such other Person is merged with or into or became a Restricted
    Subsidiary of such specified Person, including Indebtedness
    incurred in connection with, or in contemplation of, such other
    Person merging with or into or becoming a Restricted Subsidiary
    of such specified Person, and
(2) Indebtedness secured by a Lien encumbering any asset
    acquired by such specified Person.
"
Acquisition
" means the transactions
    contemplated by the Transaction Agreement.
"
Additional Interest
" means all additional
    interest then owing pursuant to the Registration Rights
    Agreement.
"
Affiliate
" of any specified Person means any
    other Person directly or indirectly controlling or controlled by
    or under direct or indirect common control with such specified
    Person. For purposes of this definition, "control"
    (including, with correlative meanings, the terms
    "controlling," "controlled by" and
    "under common control with"), as used with respect to
    any Person, shall mean the possession, directly or indirectly,
    of the power to direct or cause the direction of the management
    or policies of such Person, whether through the ownership of
    voting securities, by agreement or otherwise.
"
Applicable Premium
" means, with respect to any
    Senior Subordinated Note on any Redemption Date, the
    greater of:
(1) 1.0% of the principal amount of such Senior
    Subordinated Note; and
(2) the excess, if any, of (a) the present value at
    such Redemption Date of (i) the redemption price of
    such Senior Note at August 15, 2009 (such redemption price
    being set forth in the table appearing above under the caption
    "Optional Redemption"), plus (ii) all required
    interest payments due on such Senior Note through
    August 15, 2009 (excluding accrued but unpaid interest to
    the Redemption Date), computed using a discount rate equal
    to the Treasury Rate as of such Redemption Date plus
    50 basis points; over (b) the principal amount of such
    Senior Note.
"Asset Sale"
means:
(1) the sale, conveyance, transfer or other disposition,
    whether in a single transaction or a series of related
    transactions, of property or assets (including by way of a Sale
    and Lease-Back Transaction) of the Issuer or any of its
    Restricted Subsidiaries (each referred to in this definition as
    a "disposition"); or
(2) the issuance or sale of Equity Interests of any
    Restricted Subsidiary, whether in a single transaction or a
    series of related transactions;
in each case, other than:
(a) any disposition of Cash Equivalents or Investment Grade
    Securities or obsolete or worn out equipment in the ordinary
    course of business or any disposition of inventory or goods (or
    other assets) held for sale in the ordinary course of business;
(b) the disposition of all or substantially all of the
    assets of the Issuer in a manner permitted pursuant to the
    provisions described above under "Certain
    Covenants — Merger, Consolidation or Sale of All or
    Substantially All Assets" or any disposition that
    constitutes a Change of Control pursuant to the Indenture;
(c) the making of any Restricted Payment or Permitted
    Investment that is permitted to be made, and is made, under the
    covenant described above under "Certain
    Covenants — Limitation on Restricted Payments";
(d) any disposition of assets or issuance or sale of Equity
    Interests of any Restricted Subsidiary in any transaction or
    series of transactions with an aggregate fair market value of
    less than $50 million;
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(e) any disposition of property or assets or issuance of
    securities by a Restricted Subsidiary of the Issuer to the
    Issuer or by the Issuer or a Restricted Subsidiary of the Issuer
    to another Restricted Subsidiary of the Issuer;
(f) to the extent allowable under Section 1031 of the
    Internal Revenue Code of 1986, any exchange of like property
    (excluding any boot thereon) for use in a Similar Business;
(g) the lease, assignment or
sub-lease
of
    any real or personal property in the ordinary course of business;
(h) any issuance or sale of Equity Interests in, or
    Indebtedness or other securities of, an Unrestricted Subsidiary;
(i) foreclosures on assets;
(j) sales of accounts receivable, or participations
    therein, in connection with any Receivables Facility; and
(k) any financing transaction with respect to property
    built or acquired by the Issuer or any Restricted Subsidiary
    after the Issue Date, including Sale and Lease-Back Transactions
    and asset securitizations permitted by the Indenture.
"
Business Day
" means each day which is not a
    Legal Holiday.
"Capital Stock"
means:
(1) in the case of a corporation, corporate stock;
(2) in the case of an association or business entity, any
    and all shares, interests, participations, rights or other
    equivalents (however designated) of corporate stock;
(3) in the case of a partnership or limited liability
    company, partnership or membership interests (whether general or
    limited); and
(4) any other interest or participation that confers on a
    Person the right to receive a share of the profits and losses
    of, or distributions of assets of, the issuing Person.
"
Capitalized Lease Obligation
" means, at the
    time any determination thereof is to be made, the amount of the
    liability in respect of a capital lease that would at such time
    be required to be capitalized and reflected as a liability on a
    balance sheet (excluding the footnotes thereto) in accordance
    with GAAP.
"
Capitalized Software Expenditures
" shall mean,
    for any period, the aggregate of all expenditures (whether paid
    in cash or accrued as liabilities) by a Person and its
    Restricted Subsidiaries during such period in respect of
    purchased software or internally developed software and software
    enhancements that, in conformity with GAAP, are or are required
    to be reflected as capitalized costs on the consolidated balance
    sheet of a Person and its Restricted Subsidiaries.
"Cash Equivalents"
means:
(1) United States dollars;
(2) (a) euro, or any national currency of any
    participating member state of the EMU; or
(b) in the case of any Foreign Subsidiary that is a
    Restricted Subsidiary, such local currencies held by them from
    time to time in the ordinary course of business;
(3) securities issued or directly and fully and
    unconditionally guaranteed or insured by the
    U.S. government or any agency or instrumentality thereof
    the securities of which are unconditionally guaranteed as a full
    faith and credit obligation of such government with maturities
    of 24 months or less from the date of acquisition;
(4) certificates of deposit, time deposits and eurodollar
    time deposits with maturities of one year or less from the date
    of acquisition, bankers' acceptances with maturities not
    exceeding one year and
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overnight bank deposits, in each case with any commercial bank
    having capital and surplus of not less than $500 million in
    the case of U.S. banks and $100 million (or the
    U.S. dollar equivalent as of the date of determination) in
    the case of
non-U.S. banks;
(5) repurchase obligations for underlying securities of the
    types described in clauses (3) and (4) entered into
    with any financial institution meeting the qualifications
    specified in clause (4) above;
(6) commercial paper rated at least
P-1
by
    Moody's or at least
A-1
by
    S&P and in each case maturing within 24 months after
    the date of creation thereof;
(7) marketable short-term money market and similar
    securities having a rating of at least
P-2
or
A-2
from
    either Moody's or S&P, respectively (or, if at any
    time neither Moody's nor S&P shall be rating such
    obligations, an equivalent rating from another Rating Agency)
    and in each case maturing within 24 months after the date
    of creation thereof;
(8) investment funds investing 95% of their assets in
    securities of the types described in clauses (1) through
    (7) above;
(9) readily marketable direct obligations issued by any
    state, commonwealth or territory of the United States or any
    political subdivision or taxing authority thereof having an
    Investment Grade Rating from either Moody's or S&P
    with maturities of 24 months or less from the date of
    acquisition;
(10) Indebtedness or Preferred Stock issued by Persons with
    a rating of "A" or higher from S&P or
    "A2" or higher from Moody's with maturities of
    24 months or less from the date of acquisition and;
(11) Investments with average maturities of 12 months
    or less from the date of acquisition in money market funds rated
    AAA- (or the equivalent thereof) or better by S&P or Aaa3
    (or the equivalent thereof) or better by Moody's.
Notwithstanding the foregoing, Cash Equivalents shall include
    amounts denominated in currencies other than those set forth in
    clauses (1) and (2) above,
provided
that such
    amounts are converted into any currency listed in
    clauses (1) and (2) as promptly as practicable and in
    any event within ten Business Days following the receipt of such
    amounts.
"
Change of Control
" means the occurrence of any
    of the following:
(1) the sale, lease or transfer, in one or a series of
    related transactions, of all or substantially all of the assets
    of the Issuer and its Subsidiaries, taken as a whole, to any
    Person other than a Permitted Holder; or
(2) the Issuer becomes aware of (by way of a report or any
    other filing pursuant to Section 13(d) of the Exchange Act,
    proxy, vote, written notice or otherwise) the acquisition by any
    Person or group (within the meaning of Section 13(d)(3) or
    Section 14(d)(2) of the Exchange Act, or any successor
    provision), including any group acting for the purpose of
    acquiring, holding or disposing of securities (within the
    meaning of Rule
13d-5(b)(1)
under the Exchange Act), other than the Permitted Holders, in a
    single transaction or in a related series of transactions, by
    way of merger, consolidation or other business combination or
    purchase of beneficial ownership (within the meaning of Rule
13d-3
under
    the Exchange Act, or any successor provision) of 50% or more of
    the total voting power of the Voting Stock of the Issuer or any
    of its direct or indirect parent companies holding directly or
    indirectly 100% of the total voting power of the Voting Stock of
    the Issuer.
"
Consolidated Depreciation and Amortization
    Expense
" means with respect to any Person for any
    period, the total amount of depreciation and amortization
    expense, including the amortization of deferred financing fees
    and Capitalized Software Expenditures of such Person and its
    Restricted Subsidiaries for such period on a consolidated basis
    and otherwise determined in accordance with GAAP.
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"
Consolidated Interest Expense
" means, with
    respect to any Person for any period, without duplication, the
    sum of:
(1) consolidated interest expense of such Person and its
    Restricted Subsidiaries for such period, to the extent such
    expense was deducted (and not added back) in computing
    Consolidated Net Income (including (a) amortization of
    original issue discount resulting from the issuance of
    Indebtedness at less than par, (b) all commissions,
    discounts and other fees and charges owed with respect to
    letters of credit or bankers acceptances, (c) non-cash
    interest payments (but excluding any non-cash interest expense
    attributable to the movement in the mark to market valuation of
    Hedging Obligations or other derivative instruments pursuant to
    GAAP), (d) the interest component of Capitalized Lease
    Obligations, and (e) net payments, if any, pursuant to
    interest rate Hedging Obligations with respect to Indebtedness,
    and excluding (v) any expense resulting from the
    discounting of the Senior Secured Notes in connection with the
    application of purchase accounting in connection with the
    Transaction, (w) any Additional Interest and any
    "additional interest" with respect to the Senior
    Notes, (x) amortization of deferred financing fees, debt
    issuance costs, commissions, fees and expenses, (y) any
    expensing of bridge, commitment and other financing fees and
    (z) commissions, discounts, yield and other fees and
    charges (including any interest expense) related to any
    Receivables Facility); plus
(2) consolidated capitalized interest of such Person and
    its Restricted Subsidiaries for such period, whether paid or
    accrued; less
(3) interest income for such period.
For purposes of this definition, interest on a Capitalized Lease
    Obligation shall be deemed to accrue at an interest rate
    reasonably determined by such Person to be the rate of interest
    implicit in such Capitalized Lease Obligation in accordance with
    GAAP.
"
Consolidated Net Income
" means, with respect
    to any Person for any period, the aggregate of the Net Income,
    of such Person and its Restricted Subsidiaries for such period,
    on a consolidated basis, and otherwise determined in accordance
    with GAAP;
provided
,
however
, that, without
    duplication,
(1) any after-tax effect of extraordinary, non-recurring or
    unusual gains or losses (less all fees and expenses relating
    thereto) or expenses (including relating to the Transaction to
    the extent incurred on or prior to June 30, 2006),
    severance, relocation costs and curtailments or modifications to
    pension and post-retirement employee benefit plans shall be
    excluded,
(2) the Net Income for such period shall not include the
    cumulative effect of a change in accounting principles during
    such period,
(3) any after-tax effect of income (loss) from disposed or
    discontinued operations and any net after-tax gains or losses on
    disposal of disposed, abandoned or discontinued operations shall
    be excluded,
(4) any after-tax effect of gains or losses (less all fees
    and expenses relating thereto) attributable to asset
    dispositions other than in the ordinary course of business, as
    determined in good faith by the Issuer, shall be excluded,
(5) the Net Income for such period of any Person that is
    not a Subsidiary, or is an Unrestricted Subsidiary, or that is
    accounted for by the equity method of accounting, shall be
    excluded;
provided
that Consolidated Net Income of the
    Issuer shall be increased by the amount of dividends or
    distributions or other payments that are actually paid in cash
    (or to the extent converted into cash) to the referent Person or
    a Restricted Subsidiary thereof in respect of such period,
(6) solely for the purpose of determining the amount
    available for Restricted Payments under clause (3)(a) of
    the first paragraph of "Certain Covenants —
    Limitation on Restricted Payments," the Net Income for such
    period of any Restricted Subsidiary (other than any Guarantor)
    shall be excluded if the declaration or payment of dividends or
    similar distributions by that Restricted Subsidiary of its Net
    Income is not at the date of determination wholly permitted
    without any prior governmental approval (which has not been
    obtained) or, directly or indirectly, by the operation of the
    terms of its charter or any
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agreement, instrument, judgment, decree, order, statute, rule,
    or governmental regulation applicable to that Restricted
    Subsidiary or its stockholders, unless such restriction with
    respect to the payment of dividends or similar distributions has
    been legally waived,
provided
that Consolidated Net
    Income of the Issuer will be increased by the amount of
    dividends or other distributions or other payments actually paid
    in cash (or to the extent converted into cash) to the Issuer or
    a Restricted Subsidiary thereof in respect of such period, to
    the extent not already included therein,
(7) effects of adjustments (including the effects of such
    adjustments pushed down to the Issuer and its Restricted
    Subsidiaries) in the property and equipment, software and other
    intangible assets, deferred revenue and debt line items in such
    Person's consolidated financial statements pursuant to GAAP
    resulting from the application of purchase accounting in
    relation to the Transaction or any consummated acquisition or
    the amortization or write-off of any amounts thereof, net of
    taxes, shall be excluded,
(8) any after-tax effect of income (loss) from the early
    extinguishment of Indebtedness or Hedging Obligations or other
    derivative instruments shall be excluded,
(9) any impairment charge or asset write-off, in each case,
    pursuant to GAAP and the amortization of intangibles arising
    pursuant to GAAP shall be excluded,
(10) any non-cash compensation expense recorded from grants
    of stock appreciation or similar rights, stock options,
    restricted stock or other rights shall be excluded,
(11) any fees and expenses incurred during such period, or
    any amortization thereof for such period, in connection with any
    acquisition, Investment, Asset Sale, issuance or repayment of
    Indebtedness, issuance of Equity Interests, refinancing
    transaction or amendment or modification of any debt instrument
    (in each case, including any such transaction consummated prior
    to the Issue Date and any such transaction undertaken but not
    completed) and any charges or non-recurring merger costs
    incurred during such period as a result of any such transaction
    shall be excluded, and
(12) accruals and reserves that are established within
    twelve months after the Issue Date that are so required to be
    established as a result of the Transaction in accordance with
    GAAP shall be excluded.
Notwithstanding the foregoing, for the purpose of the covenant
    described under "Certain Covenants — Limitation
    on Restricted Payments" only (other than clause (3)(d)
    thereof), there shall be excluded from Consolidated Net Income
    any income arising from any sale or other disposition of
    Restricted Investments made by the Issuer and its Restricted
    Subsidiaries, any repurchases and redemptions of Restricted
    Investments from the Issuer and its Restricted Subsidiaries, any
    repayments of loans and advances which constitute Restricted
    Investments by the Issuer or any of its Restricted Subsidiaries,
    any sale of the stock of an Unrestricted Subsidiary or any
    distribution or dividend from an Unrestricted Subsidiary, in
    each case only to the extent such amounts increase the amount of
    Restricted Payments permitted under such covenant pursuant to
    clause (3)(d) thereof.
"
Contingent Obligations
" means, with respect to
    any Person, any obligation of such Person guaranteeing any
    leases, dividends or other obligations that do not constitute
    Indebtedness ("
primary obligations
") of any
    other Person (the "
primary obligor
") in any
    manner, whether directly or indirectly, including, without
    limitation, any obligation of such Person, whether or not
    contingent,
(1) to purchase any such primary obligation or any property
    constituting direct or indirect security therefor,
(2) to advance or supply funds
(a) for the purchase or payment of any such primary
    obligation, or
(b) to maintain working capital or equity capital of the
    primary obligor or otherwise to maintain the net worth or
    solvency of the primary obligor, or
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(3) to purchase property, securities or services primarily
    for the purpose of assuring the owner of any such primary
    obligation of the ability of the primary obligor to make payment
    of such primary obligation against loss in respect thereof.
"
Credit Facilities
" means, with respect to the
    Issuer or any of its Restricted Subsidiaries, one or more debt
    facilities, including the Senior Credit Facilities, or other
    financing arrangements (including, without limitation,
    commercial paper facilities or indentures) providing for
    revolving credit loans, term loans, letters of credit or other
    long-term indebtedness, including any notes, mortgages,
    guarantees, collateral documents, instruments and agreements
    executed in connection therewith, and any amendments,
    supplements, modifications, extensions, renewals, restatements
    or refundings thereof and any indentures or credit facilities or
    commercial paper facilities that replace, refund or refinance
    any part of the loans, notes, other credit facilities or
    commitments thereunder, including any such replacement,
    refunding or refinancing facility or indenture that increases
    the amount permitted to be borrowed thereunder or alters the
    maturity thereof (
provided
that such increase in
    borrowings is permitted under "Certain
    Covenants — Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock") or
    adds Restricted Subsidiaries as additional borrowers or
    guarantors thereunder and whether by the same or any other
    agent, lender or group of lenders.
"
Default
" means any event that is, or with the
    passage of time or the giving of notice or both would be, an
    Event of Default.
"
Designated Non-cash Consideration
" means the
    fair market value of non-cash consideration received by the
    Issuer or a Restricted Subsidiary in connection with an Asset
    Sale that is so designated as Designated Non-cash Consideration
    pursuant to an Officer's Certificate, setting forth the
    basis of such valuation, executed by the principal financial
    officer of the Issuer, less the amount of cash or Cash
    Equivalents received in connection with a subsequent sale of or
    collection on such Designated Non-cash Consideration.
"
Designated Preferred Stock
" means Preferred
    Stock of the Issuer or any parent corporation thereof (in each
    case other than Disqualified Stock) that is issued for cash
    (other than to a Restricted Subsidiary or an employee stock
    ownership plan or trust established by the Issuer or any of its
    Subsidiaries) and is so designated as Designated Preferred
    Stock, pursuant to an Officer's Certificate executed by the
    principal financial officer of the Issuer or the applicable
    parent corporation thereof, as the case may be, on the issuance
    date thereof, the cash proceeds of which are excluded from the
    calculation set forth in clause (3) of the first paragraph
    of the "Certain Covenants — Limitation on
    Restricted Payments" covenant.
"Designated Senior Indebtedness"
means:
(1) any Indebtedness outstanding under the Senior Credit
    Facilities; and
(2) any other Senior Indebtedness permitted under the
    Indenture, the principal amount of which is $50 million or
    more and that has been designated by the Issuer as
    "Designated Senior Indebtedness."
"
Disqualified Stock
" means, with respect to any
    Person, any Capital Stock of such Person which, by its terms, or
    by the terms of any security into which it is convertible or for
    which it is putable or exchangeable, or upon the happening of
    any event, matures or is mandatorily redeemable (other than
    solely as a result of a change of control or asset sale)
    pursuant to a sinking fund obligation or otherwise, or is
    redeemable at the option of the holder thereof (other than
    solely as a result of a change of control or asset sale), in
    whole or in part, in each case prior to the date 91 days
    after the earlier of the maturity date of the Senior
    Subordinated Notes or the date the Senior Subordinated Notes are
    no longer outstanding;
provided
,
however
, that if
    such Capital Stock is issued to any plan for the benefit of
    employees of the Issuer or its Subsidiaries or by any such plan
    to such employees, such Capital Stock shall not constitute
    Disqualified Stock solely because it may be required to be
    repurchased by the Issuer or its Subsidiaries in order to
    satisfy applicable statutory or regulatory obligations.
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"
EBITDA
" means, with respect to any Person for
    any period, the Consolidated Net Income of such Person for such
    period
(1) increased (without duplication) by:
(a) provision for taxes based on income or profits or
    capital, including, without limitation, state, franchise and
    similar taxes (such as the Pennsylvania capital tax) and foreign
    withholding taxes of such Person paid or accrued during such
    period deducted (and not added back) in computing Consolidated
    Net Income;
plus
(b) Fixed Charges of such Person for such period (including
    (x) net losses or Hedging Obligations or other derivative
    instruments entered into for the purpose of hedging interest
    rate risk and (y) costs of surety bonds in connection with
    financing activities, in each case, to the extent included in
    Fixed Charges) to the extent the same was deducted (and not
    added back) in calculating such Consolidated Net Income;
plus
(c) Consolidated Depreciation and Amortization Expense of
    such Person for such period to the extent the same were deducted
    (and not added back) in computing Consolidated Net Income;
plus
(d) any expenses or charges (other than depreciation or
    amortization expense) related to any Equity Offering, Permitted
    Investment, acquisition, disposition, recapitalization or the
    incurrence of Indebtedness permitted to be incurred by the
    Indenture (including a refinancing thereof) (whether or not
    successful), including (i) such fees, expenses or charges
    related to the offering of the Senior Subordinated Notes and the
    Credit Facilities and (ii) any amendment or other
    modification of the Senior Subordinated Notes, and, in each
    case, deducted (and not added back) in computing Consolidated
    Net Income;
plus
(e) the amount of any restructuring charge or reserve
    deducted (and not added back) in such period in computing
    Consolidated Net Income, including any one-time costs incurred
    in connection with acquisitions after the Issue Date and costs
    related to the closure
and/or
consolidation of facilities;
plus
(f) any other non-cash charges, including any write offs or
    write downs, reducing Consolidated Net Income for such period
    (
provided
that if any such non-cash charges represent an
    accrual or reserve for potential cash items in any future
    period, the cash payment in respect thereof in such future
    period shall be subtracted from EBITDA to such extent, and
    excluding amortization of a prepaid cash item that was paid in a
    prior period);
plus
(g) the amount of any minority interest expense consisting
    of Subsidiary income attributable to minority equity interests
    of third parties in any non-Wholly Owned Subsidiary deducted
    (and not added back) in such period in calculating Consolidated
    Net Income;
plus
(h) the amount of management, monitoring, consulting and
    advisory fees and related expenses paid in such period to the
    Investors to the extent otherwise permitted under "Certain
    Covenants — Transactions with Affiliates";
plus
(i) the amount of net cost savings projected by the Issuer
    in good faith to be realized as a result of specified actions
    taken during such period (calculated on a
pro forma
basis
    as though such cost savings had been realized on the first day
    of such period), net of the amount of actual benefits realized
    during such period from such actions;
provided
that
    (x) such cost savings are reasonably identifiable and
    factually supportable, (y) such actions are taken within
    36 months after the Issue Date and (z) the aggregate
    amount of cost savings added pursuant to this clause (i)
    shall not exceed $100 million for any four consecutive
    quarter period (which adjustments may be incremental to
pro
    forma
adjustments made pursuant to the second paragraph of
    the definition of "Fixed Charge Coverage Ratio");
plus
(j) the amount of loss on sale of receivables and related
    assets to the Receivables Subsidiary in connection with a
    Receivables Facility;
plus
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(k) any costs or expense incurred by the Issuer or a
    Restricted Subsidiary pursuant to any management equity plan or
    stock option plan or any other management or employee benefit
    plan or agreement or any stock subscription or shareholder
    agreement, to the extent that such cost or expenses are funded
    with cash proceeds contributed to the capital of the Issuer or
    net cash proceeds of an issuance of Equity Interest of the
    Issuer (other than Disqualified Stock) solely to the extent that
    such net cash proceeds are excluded from the calculation set
    forth in clause (3) of the first paragraph under
    "Certain Covenants — Limitation on Restricted
    Payments";
(2) decreased by (without duplication) non-cash gains
    increasing Consolidated Net Income of such Person for such
    period, excluding any non-cash gains to the extent they
    represent the reversal of an accrual or reserve for a potential
    cash item that reduced EBITDA in any prior period, and
(3) increased or decreased by (without duplication):
(a) any net gain or loss resulting in such period from
    Hedging Obligations and the application of Statement of
    Financial Accounting Standards No. 133;
plus
or
minus
, as applicable,
(b) any net gain or loss resulting in such period from
    currency translation gains or losses related to currency
    remeasurements of Indebtedness (including any net loss or gain
    resulting from hedge agreements for currency exchange risk).
"
EMU
" means economic and monetary union as
    contemplated in the Treaty on European Union.
"
Equity Interests
" means Capital Stock and all
    warrants, options or other rights to acquire Capital Stock, but
    excluding any debt security that is convertible into, or
    exchangeable for, Capital Stock.
"
Equity Offering
" means any public or private
    sale of common stock or Preferred Stock of the Issuer or any of
    its direct or indirect parent companies (excluding Disqualified
    Stock), other than:
(1) public offerings with respect to the Issuer's or
    any direct or indirect parent company's common stock
    registered on
Form S-8;
(2) issuances to any Subsidiary of the Issuer; and
(3) any such public or private sale that constitutes an
    Excluded Contribution.
"
euro
" means the single currency of
    participating member states of the EMU.
"
Exchange Act
" means the Securities Exchange
    Act of 1934, as amended, and the rules and regulations of the
    SEC promulgated thereunder.
"
Excluded Contribution
" means net cash
    proceeds, marketable securities or Qualified Proceeds received
    by the Issuer from
(1) contributions to its common equity capital, and
(2) the sale (other than to a Subsidiary of the Issuer or
    to any management equity plan or stock option plan or any other
    management or employee benefit plan or agreement of the Issuer)
    of Capital Stock (other than Disqualified Stock and Designated
    Preferred Stock) of the Issuer,
in each case designated as Excluded Contributions pursuant to an
    officer's certificate executed by the principal financial
    officer of the Issuer on the date such capital contributions are
    made or the date such Equity Interests are sold, as the case may
    be, which are excluded from the calculation set forth in
    clause (3) of the first paragraph under "Certain
    Covenants — Limitation on Restricted Payments."
"
Fixed Charge Coverage Ratio
" means, with
    respect to any Person for any period, the ratio of EBITDA of
    such Person for such period to the Fixed Charges of such Person
    for such period. In the event that the Issuer or any Restricted
    Subsidiary incurs, assumes, guarantees, redeems, retires or
    extinguishes any Indebtedness (other than Indebtedness incurred
    under any revolving credit facility unless such Indebtedness has
    been permanently repaid and has not been replaced) or issues or
    redeems Disqualified Stock or Preferred Stock subsequent to the
    commencement of the period for which the Fixed Charge Coverage
    Ratio is being calculated
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but prior to or simultaneously with the event for which the
    calculation of the Fixed Charge Coverage Ratio is made (the
    "
Fixed Charge Coverage Ratio Calculation
    Date
"), then the Fixed Charge Coverage Ratio shall be
    calculated giving
pro forma
effect to such incurrence,
    assumption, guarantee, redemption, retirement or extinguishment
    of Indebtedness, or such issuance or redemption of Disqualified
    Stock or Preferred Stock, as if the same had occurred at the
    beginning of the applicable four-quarter period.
For purposes of making the computation referred to above,
    Investments, acquisitions, dispositions, mergers, consolidations
    and disposed operations (as determined in accordance with GAAP)
    that have been made by the Issuer or any of its Restricted
    Subsidiaries during the four-quarter reference period or
    subsequent to such reference period and on or prior to or
    simultaneously with the Fixed Charge Coverage Ratio Calculation
    Date shall be calculated on a
pro forma
basis assuming
    that all such Investments, acquisitions, dispositions, mergers,
    consolidations and disposed operations (and the change in any
    associated fixed charge obligations and the change in EBITDA
    resulting therefrom) had occurred on the first day of the
    four-quarter reference period. If since the beginning of such
    period any Person that subsequently became a Restricted
    Subsidiary or was merged with or into the Issuer or any of its
    Restricted Subsidiaries since the beginning of such period shall
    have made any Investment, acquisition, disposition, merger,
    consolidation or disposed operation that would have required
    adjustment pursuant to this definition, then the Fixed Charge
    Coverage Ratio shall be calculated giving
pro forma
effect thereto for such period as if such Investment,
    acquisition, disposition, merger, consolidation or disposed
    operation had occurred at the beginning of the applicable
    four-quarter period.
For purposes of this definition, whenever
pro forma
effect is to be given to a transaction, the
pro forma
calculations shall be made in good faith by a responsible
    financial or accounting officer of the Issuer. If any
    Indebtedness bears a floating rate of interest and is being
    given
pro forma
effect, the interest on such Indebtedness
    shall be calculated as if the rate in effect on the Fixed Charge
    Coverage Ratio Calculation Date had been the applicable rate for
    the entire period (taking into account any Hedging Obligations
    applicable to such Indebtedness). Interest on a Capitalized
    Lease Obligation shall be deemed to accrue at an interest rate
    reasonably determined by a responsible financial or accounting
    officer of the Issuer to be the rate of interest implicit in
    such Capitalized Lease Obligation in accordance with GAAP. For
    purposes of making the computation referred to above, interest
    on any Indebtedness under a revolving credit facility computed
    on a
pro forma
basis shall be computed based upon the
    average daily balance of such Indebtedness during the applicable
    period except as set forth in the first paragraph of this
    definition. Interest on Indebtedness that may optionally be
    determined at an interest rate based upon a factor of a prime or
    similar rate, a eurocurrency interbank offered rate, or other
    rate, shall be deemed to have been based upon the rate actually
    chosen, or, if none, then based upon such optional rate chosen
    as the Issuer may designate.
"
Fixed Charges
" means, with respect to any
    Person for any period, the sum of:
(1) Consolidated Interest Expense of such Person for such
    period;
(2) all cash dividends or other distributions paid
    (excluding items eliminated in consolidation) on any series of
    Preferred Stock during such period; and
(3) all cash dividends or other distributions paid
    (excluding items eliminated in consolidation) on any series of
    Disqualified Stock during such period.
"
Foreign Subsidiary
" means, with respect to any
    Person, any Restricted Subsidiary of such Person that is not
    organized or existing under the laws of the United States, any
    state thereof, the District of Columbia, or any territory
    thereof and any Restricted Subsidiary of such Foreign Subsidiary.
"
GAAP
" means generally accepted accounting
    principles in the United States which are in effect on the Issue
    Date.
"
Government Securities
" means securities that
    are:
(1) direct obligations of the United States of America for
    the timely payment of which its full faith and credit is
    pledged; or
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(2) obligations of a Person controlled or supervised by and
    acting as an agency or instrumentality of the United States of
    America the timely payment of which is unconditionally
    guaranteed as a full faith and credit obligation by the United
    States of America, which, in either case, are not callable or
    redeemable at the option of the issuers thereof, and shall also
    include a depository receipt issued by a bank (as defined in
    Section 3(a)(2) of the Securities Act), as custodian with
    respect to any such Government Securities or a specific payment
    of principal of or interest on any such Government Securities
    held by such custodian for the account of the holder of such
    depository receipt;
provided
that (except as required by
    law) such custodian is not authorized to make any deduction from
    the amount payable to the holder of such depository receipt from
    any amount received by the custodian in respect of the
    Government Securities or the specific payment of principal of or
    interest on the Government Securities evidenced by such
    depository receipt.
"
guarantee
" means a guarantee (other than by
    endorsement of negotiable instruments for collection in the
    ordinary course of business), direct or indirect, in any manner
    (including letters of credit and reimbursement agreements in
    respect thereof), of all or any part of any Indebtedness or
    other obligations.
"
Guarantee
" means the guarantee by any
    Guarantor of the Issuer's Obligations under the Indenture.
"
Guarantor
" means, each Restricted Subsidiary
    that Guarantees the Senior Subordinated Notes in accordance with
    the terms of the Indenture.
"
Hedging Obligations
" means, with respect to
    any Person, the obligations of such Person under any interest
    rate swap agreement, interest rate cap agreement, interest rate
    collar agreement, commodity swap agreement, commodity cap
    agreement, commodity collar agreement, foreign exchange
    contract, currency swap agreement or similar agreement providing
    for the transfer or mitigation of interest rate or currency
    risks either generally or under specific contingencies.
"
Holder
" means the Person in whose name a
    Senior Subordinated Note is registered on the registrar's
    books.
"
Indebtedness
" means, with respect to any
    Person, without duplication:
(1) any indebtedness (including principal and premium) of
    such Person, whether or not contingent:
(a) in respect of borrowed money;
(b) evidenced by bonds, notes, debentures or similar
    instruments or letters of credit or bankers' acceptances
    (or, without duplication, reimbursement agreements in respect
    thereof);
(c) representing the balance deferred and unpaid of the
    purchase price of any property (including Capitalized Lease
    Obligations), except (i) any such balance that constitutes
    a trade payable or similar obligation to a trade creditor, in
    each case accrued in the ordinary course of business and
    (ii) any earn-out obligations until such obligation becomes
    a liability on the balance sheet of such Person in accordance
    with GAAP; or
(d) representing any Hedging Obligations;
if and to the extent that any of the foregoing Indebtedness
    (other than letters of credit and Hedging Obligations) would
    appear as a liability upon a balance sheet (excluding the
    footnotes thereto) of such Person prepared in accordance with
    GAAP;
(2) to the extent not otherwise included, any obligation by
    such Person to be liable for, or to pay, as obligor, guarantor
    or otherwise, on the obligations of the type referred to in
    clause (1) of a third Person (whether or not such items
    would appear upon the balance sheet of the such obligor or
    guarantor), other than by endorsement of negotiable instruments
    for collection in the ordinary course of business; and
(3) to the extent not otherwise included, the obligations
    of the type referred to in clause (1) of a third Person
    secured by a Lien on any asset owned by such first Person,
    whether or not such Indebtedness is assumed by such first Person;
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provided
,
however
, that notwithstanding the
    foregoing, Indebtedness shall be deemed not to include
    (a) Contingent Obligations incurred in the ordinary course
    of business or (b) obligations under or in respect of
    Receivables Facilities.
"
Independent Financial Advisor
" means an
    accounting, appraisal, investment banking firm or consultant to
    Persons engaged in Similar Businesses of nationally recognized
    standing that is, in the good faith judgment of the Issuer,
    qualified to perform the task for which it has been engaged.
"
Initial Purchasers
" means Deutsche Bank
    Securities Inc., Citigroup Global Markets Inc., J.P. Morgan
    Securities Inc., Goldman, Sachs & Co., Morgan
    Stanley & Co. Incorporated, Banc of America Securities
    LLC, RBC Capital Markets Corporation and BNY Capital Markets,
    Inc.
"
Investment Grade Rating
" means a rating equal
    to or higher than Baa3 (or the equivalent) by Moody's and
    BBB- (or the equivalent) by S&P, or an equivalent rating by
    any other Rating Agency.
"
Investment Grade Securities
" means:
(1) securities issued or directly and fully guaranteed or
    insured by the United States government or any agency or
    instrumentality thereof (other than Cash Equivalents);
(2) debt securities or debt instruments with an Investment
    Grade Rating, but excluding any debt securities or instruments
    constituting loans or advances among the Issuer and its
    Subsidiaries;
(3) investments in any fund that invests exclusively in
    investments of the type described in clauses (1) and
    (2) which fund may also hold immaterial amounts of cash
    pending investment or distribution; and
(4) corresponding instruments in countries other than the
    United States customarily utilized for high quality investments.
"
Investments
" means, with respect to any
    Person, all investments by such Person in other Persons
    (including Affiliates) in the form of loans (including
    guarantees), advances or capital contributions (excluding
    accounts receivable, trade credit, advances to customers,
    commission, travel and similar advances to officers and
    employees, in each case made in the ordinary course of
    business), purchases or other acquisitions for consideration of
    Indebtedness, Equity Interests or other securities issued by any
    other Person and investments that are required by GAAP to be
    classified on the balance sheet (excluding the footnotes) of the
    Issuer in the same manner as the other investments included in
    this definition to the extent such transactions involve the
    transfer of cash or other property. For purposes of the
    definition of "Unrestricted Subsidiary" and the
    covenant described under "Certain Covenants —
    Limitation on Restricted Payments":
(1) "Investments" shall include the portion
    (proportionate to the Issuer's equity interest in such
    Subsidiary) of the fair market value of the net assets of a
    Subsidiary of the Issuer at the time that such Subsidiary is
    designated an Unrestricted Subsidiary;
provided
,
however
, that upon a redesignation of such Subsidiary as
    a Restricted Subsidiary, the Issuer shall be deemed to continue
    to have a permanent "Investment" in an Unrestricted
    Subsidiary in an amount (if positive) equal to:
(a) the Issuer "Investment" in such Subsidiary at
    the time of such redesignation; less
(b) the portion (proportionate to the Issuer equity
    interest in such Subsidiary) of the fair market value of the net
    assets of such Subsidiary at the time of such
    redesignation; and
(2) any property transferred to or from an Unrestricted
    Subsidiary shall be valued at its fair market value at the time
    of such transfer, in each case as determined in good faith by
    the Issuer.
"
Investors
" means Silver Lake Partners, Bain
    Capital Partners, The Blackstone Group, Goldman Sachs Capital
    Partners, Kohlberg Kravis Roberts & Co. L.P.,
    Providence Equity Partners, Inc., Texas Pacific Group and each
    of their respective Affiliates but not including, however, any
    portfolio companies of any of the foregoing.
"
Issue Date
" means August 11, 2005.
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"
Issuer
" has the meaning set forth in the first
    paragraph under "General";
provided
that when
    used in the context of determining the fair market value of an
    asset or liability under the Indenture, "Issuer" shall
    be deemed to mean the board of directors of the Issuer when the
    fair market value is equal to or in excess of $250 million
    (unless otherwise expressly stated).
"
Legal Holiday
" means a Saturday, a Sunday or a
    day on which commercial banking institutions are not required to
    be open in the State of New York.
"
Lien
" means, with respect to any asset, any
    mortgage, lien (statutory or otherwise), pledge, hypothecation,
    charge, security interest, preference, priority or encumbrance
    of any kind in respect of such asset, whether or not filed,
    recorded or otherwise perfected under applicable law, including
    any conditional sale or other title retention agreement, any
    lease in the nature thereof, any option or other agreement to
    sell or give a security interest in and any filing of or
    agreement to give any financing statement under the Uniform
    Commercial Code (or equivalent statutes) of any jurisdiction;
provided
that in no event shall an operating lease be
    deemed to constitute a Lien.
"
Moody's
" means Moody's Investors
    Service, Inc. and any successor to its rating agency business.
"
Net Income
" means, with respect to any Person,
    the net income (loss) of such Person, determined in accordance
    with GAAP and before any reduction in respect of Preferred Stock
    dividends.
"
Net Proceeds
" means the aggregate cash
    proceeds received by the Issuer or any of its Restricted
    Subsidiaries in respect of any Asset Sale, including any cash
    received upon the sale or other disposition of any Designated
    Non-cash Consideration received in any Asset Sale, net of the
    direct costs relating to such Asset Sale and the sale or
    disposition of such Designated Non-cash Consideration, including
    legal, accounting and investment banking fees, and brokerage and
    sales commissions, any relocation expenses incurred as a result
    thereof, taxes paid or payable as a result thereof (after taking
    into account any available tax credits or deductions and any tax
    sharing arrangements), amounts required to be applied to the
    repayment of principal, premium, if any, and interest on Senior
    Indebtedness required (other than required by clause (1) of
    the second paragraph of "Repurchase at the Option of
    Holders — Asset Sales") to be paid as a result of
    such transaction and any deduction of appropriate amounts to be
    provided by the Issuer or any of its Restricted Subsidiaries as
    a reserve in accordance with GAAP against any liabilities
    associated with the asset disposed of in such transaction and
    retained by the Issuer or any of its Restricted Subsidiaries
    after such sale or other disposition thereof, including pension
    and other post-employment benefit liabilities and liabilities
    related to environmental matters or against any indemnification
    obligations associated with such transaction.
"
Obligations
" means any principal, interest
    (including any interest accruing subsequent to the filing of a
    petition in bankruptcy, reorganization or similar proceeding at
    the rate provided for in the documentation with respect thereto,
    whether or not such interest is an allowed claim under
    applicable state, federal or foreign law), penalties, fees,
    indemnifications, reimbursements (including reimbursement
    obligations with respect to letters of credit and banker's
    acceptances), damages and other liabilities, and guarantees of
    payment of such principal, interest, penalties, fees,
    indemnifications, reimbursements, damages and other liabilities,
    payable under the documentation governing any Indebtedness.
"
Officer
" means the Chairman of the Board, the
    Chief Executive Officer, the President, any Executive Vice
    President, Senior Vice President or Vice President, the
    Treasurer or the Secretary of the Issuer.
"
Officer's Certificate
" means a
    certificate signed on behalf of the Issuer by an Officer of the
    Issuer, who must be the principal executive officer, the
    principal financial officer, the treasurer or the principal
    accounting officer of the Issuer, that meets the requirements
    set forth in the Indenture.
"
Opinion of Counsel
" means a written opinion
    from legal counsel who is acceptable to the Trustee. The counsel
    may be an employee of or counsel to the Issuer or the Trustee.
"
Permitted Asset Swap
" means the concurrent
    purchase and sale or exchange of Related Business Assets or a
    combination of Related Business Assets and cash or Cash
    Equivalents between the Issuer or any of its Restricted
    Subsidiaries and another Person;
provided
, that any cash
    or Cash Equivalents received must be applied in accordance with
    the "Repurchase at the Option of Holders — Asset
    Sales" covenant.
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"
Permitted Holders
" means each of the Investors
    and members of management of the Issuer (or its direct parent)
    who are holders of Equity Interests of the Issuer (or any of its
    direct or indirect parent companies) on the Issue Date and any
    group (within the meaning of Section 13(d)(3) or
    Section 14(d)(2) of the Exchange Act or any successor
    provision) of which any of the foregoing are members;
provided
, that, in the case of such group and without
    giving effect to the existence of such group or any other group,
    such Investors and members of management, collectively, have
    beneficial ownership of more than 50% of the total voting power
    of the Voting Stock of the Issuer or any of its direct or
    indirect parent companies.
"Permitted Investments"
means:
(1) any Investment in the Issuer or any of its Restricted
    Subsidiaries;
(2) any Investment in cash and Cash Equivalents or
    Investment Grade Securities;
(3) any Investment by the Issuer or any of its Restricted
    Subsidiaries in a Person that is engaged in a Similar Business
    if as a result of such Investment:
(a) such Person becomes a Restricted Subsidiary; or
(b) such Person, in one transaction or a series of related
    transactions, is merged or consolidated with or into, or
    transfers or conveys substantially all of its assets to, or is
    liquidated into, the Issuer or a Restricted Subsidiary, and, in
    each case, any Investment held by such Person;
provided,
that such Investment was not acquired by such Person in
    contemplation of such acquisition, merger, consolidation or
    transfer;
(4) any Investment in securities or other assets not
    constituting cash, Cash Equivalents or Investment Grade
    Securities and received in connection with an Asset Sale made
    pursuant to the provisions of "Repurchase at the Option of
    Holders — Asset Sales" or any other disposition
    of assets not constituting an Asset Sale;
(5) any Investment existing on the Issue Date;
(6) any Investment acquired by the Issuer or any of its
    Restricted Subsidiaries:
(a) in exchange for any other Investment or accounts
    receivable held by the Issuer or any such Restricted Subsidiary
    in connection with or as a result of a bankruptcy, workout,
    reorganization or recapitalization of the issuer of such other
    Investment or accounts receivable; or
(b) as a result of a foreclosure by the Issuer or any of
    its Restricted Subsidiaries with respect to any secured
    Investment or other transfer of title with respect to any
    secured Investment in default;
(7) Hedging Obligations permitted under clause (10) of
    the covenant described in "Certain Covenants —
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock"
(8) any Investment in a Similar Business having an
    aggregate fair market value, taken together with all other
    Investments made pursuant to this clause (8) that are at
    that time outstanding, not to exceed 2.5% of Total Assets at the
    time of such Investment (with the fair market value of each
    Investment being measured at the time made and without giving
    effect to subsequent changes in value);
(9) Investments the payment for which consists of Equity
    Interests (exclusive of Disqualified Stock) of the Issuer, or
    any of its direct or indirect parent companies;
provided
,
however
, that such Equity Interests will not increase the
    amount available for Restricted Payments under clause (3)
    of the first paragraph under the covenant described in
    "Certain Covenants — Limitation on Restricted
    Payments";
(10) guarantees of Indebtedness permitted under the
    covenant described in "Certain Covenants —
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock";
(11) any transaction to the extent it constitutes an
    Investment that is permitted and made in accordance with the
    provisions of the second paragraph of the covenant described
    under "Certain
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Covenants — Transactions with Affiliates" (except
    transactions described in clauses (2), (5) and (9) of
    such paragraph);
(12) Investments consisting of purchases and acquisitions
    of inventory, supplies, material or equipment;
(13) additional Investments having an aggregate fair market
    value, taken together with all other Investments made pursuant
    to this clause (13) that are at that time outstanding
    (without giving effect to the sale of an Unrestricted Subsidiary
    to the extent the proceeds of such sale do not consist of cash
    or marketable securities), not to exceed 3.5% of Total Assets at
    the time of such Investment (with the fair market value of each
    Investment being measured at the time made and without giving
    effect to subsequent changes in value);
(14) Investments relating to a Receivables Subsidiary that,
    in the good faith determination of the Issuer are necessary or
    advisable to effect any Receivables Facility;
(15) advances to, or guarantees of Indebtedness of,
    employees not in excess of $15 million outstanding at any
    one time, in the aggregate; and
(16) loans and advances to officers, directors and
    employees for business-related travel expenses, moving expenses
    and other similar expenses, in each case incurred in the
    ordinary course of business or consistent with past practices or
    to fund such Person's purchase of Equity Interests of the
    Issuer or any direct or indirect parent company thereof.
"Permitted Junior Securities"
means:
(1) Equity Interests in the Issuer, any Guarantor or any
    direct or indirect parent of the Issuer; or
(2) unsecured debt securities that are subordinated to all
    Senior Indebtedness (and any debt securities issued in exchange
    for Senior Indebtedness) to substantially the same extent as, or
    to a greater extent than, the Senior Subordinated Notes and the
    related Guarantees are subordinated to Senior Indebtedness under
    the Indenture;
provided
that the term "Permitted Junior
    Securities" shall not include any securities distributed
    pursuant to a plan of reorganization if the Indebtedness under
    the Senior Credit Facilities is treated as part of the same
    class as the Senior Subordinated Notes for purposes of such plan
    of reorganization;
provided further
that to the extent
    that any Senior Indebtedness of the Issuer or the Guarantors
    outstanding on the date of consummation of any such plan of
    reorganization is not paid in full in cash on such date, the
    holders of any such Senior Indebtedness not so paid in full in
    cash have consented to the terms of such plan of reorganization.
"
Permitted Liens
" means, with respect to any
    Person:
(1) pledges or deposits by such Person under workmen's
    compensation laws, unemployment insurance laws or similar
    legislation, or good faith deposits in connection with bids,
    tenders, contracts (other than for the payment of Indebtedness)
    or leases to which such Person is a party, or deposits to secure
    public or statutory obligations of such Person or deposits of
    cash or U.S. government bonds to secure surety or appeal
    bonds to which such Person is a party, or deposits as security
    for contested taxes or import duties or for the payment of rent,
    in each case incurred in the ordinary course of business;
(2) Liens imposed by law, such as carriers',
    warehousemen's and mechanics' Liens, in each case for
    sums not yet overdue for a period of more than 30 days or
    being contested in good faith by appropriate proceedings or
    other Liens arising out of judgments or awards against such
    Person with respect to which such Person shall then be
    proceeding with an appeal or other proceedings for review if
    adequate reserves with respect thereto are maintained on the
    books of such Person in accordance with GAAP;
(3) Liens for taxes, assessments or other governmental
    charges not yet overdue for a period of more than 30 days
    or payable or subject to penalties for nonpayment or which are
    being contested in good faith by appropriate proceedings
    diligently conducted, if adequate reserves with respect thereto
    are maintained on the books of such Person in accordance with
    GAAP;
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(4) Liens in favor of issuers of performance and surety
    bonds or bid bonds or with respect to other regulatory
    requirements or letters of credit issued pursuant to the request
    of and for the account of such Person in the ordinary course of
    its business;
(5) minor survey exceptions, minor encumbrances, easements
    or reservations of, or rights of others for, licenses,
rights-of-way,
sewers, electric lines, telegraph and telephone lines and other
    similar purposes, or zoning or other restrictions as to the use
    of real properties or Liens incidental, to the conduct of the
    business of such Person or to the ownership of its properties
    which were not incurred in connection with Indebtedness and
    which do not in the aggregate materially adversely affect the
    value of said properties or materially impair their use in the
    operation of the business of such Person;
(6) Liens securing Indebtedness permitted to be incurred
    pursuant to clause (4), (12)(b), (18) or (19) of the
    second paragraph under "Certain Covenants —
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock";
provided
that Liens securing Indebtedness permitted to be incurred
    pursuant to clause (18) extend only to the assets of
    Foreign Subsidiaries and Liens securing Indebtedness permitted
    to be incurred pursuant to clause (19) are solely on
    acquired property or the assets of the acquired entity, as the
    case may be;
(7) Liens existing on the Issue Date;
(8) Liens on property or shares of stock of a Person at the
    time such Person becomes a Subsidiary;
provided
,
however
, such Liens are not created or incurred in
    connection with, or in contemplation of, such other Person
    becoming such a Subsidiary;
provided
,
further
,
however
, that such Liens may not extend to any other
    property owned by the Issuer or any of its Restricted
    Subsidiaries;
(9) Liens on property at the time the Issuer or a
    Restricted Subsidiary acquired the property, including any
    acquisition by means of a merger or consolidation with or into
    the Issuer or any of its Restricted Subsidiaries;
provided
,
however
, that such Liens are not created
    or incurred in connection with, or in contemplation of, such
    acquisition;
provided
,
further
,
however
,
    that the Liens may not extend to any other property owned by the
    Issuer or any of its Restricted Subsidiaries;
(10) Liens securing Indebtedness or other obligations of a
    Restricted Subsidiary owing to the Issuer or another Restricted
    Subsidiary permitted to be incurred in accordance with the
    covenant described under "Certain Covenants —
    Limitation on Incurrence of Indebtedness and Issuance of
    Disqualified Stock and Preferred Stock";
(11) Liens securing Hedging Obligations so long as related
    Indebtedness is, and is permitted to be under the Indenture,
    secured by a Lien on the same property securing such Hedging
    Obligations;
(12) Liens on specific items of inventory of other goods
    and proceeds of any Person securing such Person's
    obligations in respect of bankers' acceptances issued or
    created for the account of such Person to facilitate the
    purchase, shipment or storage of such inventory or other goods;
(13) leases, subleases, licenses or sublicenses granted to
    others in the ordinary course of business which do not
    materially interfere with the ordinary conduct of the business
    of the Issuer or any of its Restricted Subsidiaries and do not
    secure any Indebtedness;
(14) Liens arising from Uniform Commercial Code financing
    statement filings regarding operating leases entered into by the
    Issuer and its Restricted Subsidiaries in the ordinary course of
    business;
(15) Liens in favor of the Issuer or any Guarantor;
(16) Liens on equipment of the Issuer or any of its
    Restricted Subsidiaries granted in the ordinary course of
    business to the Issuer's clients;
(17) Liens on accounts receivable and related assets
    incurred in connection with a Receivables Facility;
(18) Liens to secure any refinancing, refunding, extension,
    renewal or replacement (or successive refinancing, refunding,
    extensions, renewals or replacements) as a whole, or in part, of
    any Indebtedness
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secured by any Lien referred to in the foregoing clauses (6),
    (7), (8) and (9);
provided
,
however
, that
    (a) such new Lien shall be limited to all or part of the
    same property that secured the original Lien (plus improvements
    on such property), and (b) the Indebtedness secured by such
    Lien at such time is not increased to any amount greater than
    the sum of (i) the outstanding principal amount or, if
    greater, committed amount of the Indebtedness described under
    clauses (6), (7), (8) and (9) at the time the original
    Lien became a Permitted Lien under the Indenture, and
    (ii) an amount necessary to pay any fees and expenses,
    including premiums, related to such refinancing, refunding,
    extension, renewal or replacement;
(19) deposits made in the ordinary course of business to
    secure liability to insurance carriers;
(20) other Liens securing obligations incurred in the
    ordinary course of business which obligations do not exceed
    $50 million at any one time outstanding;
(21) Liens securing judgments for the payment of money not
    constituting an Event of Default under clause (5) under the
    caption "Events of Default and Remedies" so long as
    such Liens are adequately bonded and any appropriate legal
    proceedings that may have been duly initiated for the review of
    such judgment have not been finally terminated or the period
    within which such proceedings may be initiated has not expired;
(22) Liens in favor of customs and revenue authorities
    arising as a matter of law to secure payment of customs duties
    in connection with the importation of goods in the ordinary
    course of business;
(23) Liens (i) of a collection bank arising under
Section 4-210
of the Uniform Commercial Code on items in the course of
    collection, (ii) attaching to commodity trading accounts or
    other commodity brokerage accounts incurred in the ordinary
    course of business, and (iii) in favor of banking
    institutions arising as a matter of law encumbering deposits
    (including the right of set-off) and which are within the
    general parameters customary in the banking industry;
(24) Liens deemed to exist in connection with Investments
    in repurchase agreements permitted under "Certain
    Covenants — Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred Stock";
provided
that such Liens do not extend to any assets
    other than those that are the subject of such repurchase
    agreement;
(25) Liens encumbering reasonable customary initial
    deposits and margin deposits and similar Liens attaching to
    commodity trading accounts or other brokerage accounts incurred
    in the ordinary course of business and not for speculative
    purposes; and
(26) Liens that are contractual rights of set-off
    (i) relating to the establishment of depository relations
    with banks not given in connection with the issuance of
    Indebtedness, (ii) relating to pooled deposit or sweep
    accounts of the Issuer or any of its Restricted Subsidiaries to
    permit satisfaction of overdraft or similar obligations incurred
    in the ordinary course of business of the Issuer and its
    Restricted Subsidiaries or (iii) relating to purchase
    orders and other agreements entered into with customers of the
    Issuer or any of its Restricted Subsidiaries in the ordinary
    course of business.
For purposes of this definition, the term
    "Indebtedness" shall be deemed to include interest on
    such Indebtedness.
"
Person
" means any individual, corporation,
    limited liability company, partnership, joint venture,
    association, joint stock company, trust, unincorporated
    organization, government or any agency or political subdivision
    thereof or any other entity.
"
Preferred Stock
" means any Equity Interest
    with preferential rights of payment of dividends or upon
    liquidation, dissolution, or winding up.
"
Qualified Proceeds
" means assets that are used
    or useful in, or Capital Stock of any Person engaged in, a
    Similar Business;
provided
that the fair market value of
    any such assets or Capital Stock shall be determined by the
    Issuer in good faith.
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"
Rating Agencies
" means Moody's and
    S&P or if Moody's or S&P or both shall not make a
    rating on the Senior Subordinated Notes publicly available, a
    nationally recognized statistical rating agency or agencies, as
    the case may be, selected by the Issuer which shall be
    substituted for Moody's or S&P or both, as the case
    may be.
"
Receivables Facility
" means any of one or more
    receivables financing facilities as amended, supplemented,
    modified, extended, renewed, restated or refunded from time to
    time, the Obligations of which are non-recourse (except for
    customary representations, warranties, covenants and indemnities
    made in connection with such facilities) to the Issuer or any of
    its Restricted Subsidiaries (other than a Receivables
    Subsidiary) pursuant to which the Issuer or any of its
    Restricted Subsidiaries sells its accounts receivable to either
    (a) a Person that is not a Restricted Subsidiary or
    (b) a Receivables Subsidiary that in turn sells its
    accounts receivable to a Person that is not a Restricted
    Subsidiary.
"
Receivables Fees
" means distributions or
    payments made directly or by means of discounts with respect to
    any accounts receivable or participation interest therein issued
    or sold in connection with, and other fees paid to a Person that
    is not a Restricted Subsidiary in connection with, any
    Receivables Facility.
"
Receivables Subsidiary
" means any Subsidiary
    formed for the purpose of, and that solely engages only in one
    or more Receivables Facilities and other activities reasonably
    related thereto.
"
Registration Rights Agreement
" means the
    Registration Rights Agreement with respect to the Senior
    Subordinated Notes dated as of the Issue Date, among Solar
    Capital Corp., SunGard, the Guarantors and the Initial
    Purchasers.
"
Related Business Assets
" means assets (other
    than cash or Cash Equivalents) used or useful in a Similar
    Business,
provided
that any assets received by the Issuer
    or a Restricted Subsidiary in exchange for assets transferred by
    the Issuer or a Restricted Subsidiary shall not be deemed to be
    Related Business Assets if they consist of securities of a
    Person, unless upon receipt of the securities of such Person,
    such Person would become a Restricted Subsidiary.
"
Representative
" means any trustee, agent or
    representative (if any) for an issue of Senior Indebtedness of
    the Issuer.
"
Restricted Investment
" means an Investment
    other than a Permitted Investment.
"
Restricted Subsidiary
" means, at any time, any
    direct or indirect Subsidiary of the Issuer (including any
    Foreign Subsidiary) that is not then an Unrestricted Subsidiary;
provided
,
however
, that upon the occurrence of an
    Unrestricted Subsidiary ceasing to be an Unrestricted
    Subsidiary, such Subsidiary shall be included in the definition
    of "Restricted Subsidiary."
"
S&P
" means Standard &
    Poor's, a division of The McGraw-Hill Companies, Inc., and
    any successor to its rating agency business.
"
Sale and Lease-Back Transaction
" means any
    arrangement providing for the leasing by the Issuer or any of
    its Restricted Subsidiaries of any real or tangible personal
    property, which property has been or is to be sold or
    transferred by the Issuer or such Restricted Subsidiary to a
    third Person in contemplation of such leasing.
"
SEC
" means the U.S. Securities and
    Exchange Commission.
"
Secured Indebtedness
" means any Indebtedness
    of the Issuer or any of its Restricted Subsidiaries secured by a
    Lien.
"
Securities Act
" means the Securities Act of
    1933, as amended, and the rules and regulations of the SEC
    promulgated thereunder.
"
Senior Credit Facilities
" means the Credit
    Facility under the Credit Agreement entered into as of the Issue
    Date by and among SunGard Holdco LLC, the Issuer, the lenders
    party thereto in their capacities as lenders thereunder and
    JPMorgan Chase Bank, N.A., as Administrative Agent, including
    any guarantees, collateral documents, instruments and agreements
    executed in connection therewith, and any amendments,
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supplements, modifications, extensions, renewals, restatements,
    refundings or refinancings thereof and any indentures or credit
    facilities or commercial paper facilities with banks or other
    institutional lenders or investors that replace, refund or
    refinance any part of the loans, notes, other credit facilities
    or commitments thereunder, including any such replacement,
    refunding or refinancing facility or indenture that increases
    the amount borrowable thereunder or alters the maturity thereof
    (
provided
that such increase in borrowings is permitted
    under "Certain Covenants — Limitation on
    Incurrence of Indebtedness and Issuance of Disqualified Stock
    and Preferred Stock" above).
"Senior Indebtedness"
means:
(1) all Indebtedness of the Issuer or any Guarantor
    outstanding under the Senior Credit Facilities or Senior Notes
    and related Guarantees (including interest accruing on or after
    the filing of any petition in bankruptcy or similar proceeding
    or for reorganization of the Issuer or any Guarantor (at the
    rate provided for in the documentation with respect thereto,
    regardless of whether or not a claim for post-filing interest is
    allowed in such proceedings)), and any and all other fees,
    expense reimbursement obligations, indemnification amounts,
    penalties, and other amounts (whether existing on the Issue Date
    or thereafter created or incurred) and all obligations of the
    Issuer or any Guarantor to reimburse any bank or other Person in
    respect of amounts paid under letters of credit, acceptances or
    other similar instruments;
(2) all Hedging Obligations (and guarantees thereof) owing
    to a Lender (as defined in the Senior Credit Facilities) or any
    Affiliate of such Lender (or any Person that was a Lender or an
    Affiliate of such Lender at the time the applicable agreement
    giving rise to such Hedging Obligation was entered into),
provided
that such Hedging Obligations are permitted to
    be incurred under the terms of the Indenture;
(3) any other Indebtedness of the Issuer or any Guarantor
    permitted to be incurred under the terms of the Indenture,
    unless the instrument under which such Indebtedness is incurred
    expressly provides that it is on a parity with or subordinated
    in right of payment to the Senior Subordinated Notes or any
    related Guarantee; and
(4) all Obligations with respect to the items listed in the
    preceding clauses (1), (2) and (3);
provided
,
however
, that Senior Indebtedness shall
    not include:
(a) any obligation of such Person to the Issuer or any of
    its Subsidiaries;
(b) any liability for federal, state, local or other taxes
    owed or owing by such Person;
(c) any accounts payable or other liability to trade
    creditors arising in the ordinary course of business;
(d) any Indebtedness or other Obligation of such Person
    which is subordinate or junior in any respect to any other
    Indebtedness or other Obligation of such Person; or
(e) that portion of any Indebtedness which at the time of
    incurrence is incurred in violation of the Indenture;
provided
,
however
that such Indebtedness shall be
    deemed not to have been incurred in violation of the Indenture
    for purposes of this clause if such Indebtedness consists of
    Designated Senior Indebtedness, and the holder(s) of such
    Indebtedness of their agent or representative (a) had no
    actual knowledge at the time of incurrence that the incurrence
    of such Indebtedness violated the Indenture and (b) shall
    have receive a certificate from an officer of the Issuer to the
    effect that the incurrence of such Indebtedness does not violate
    the provisions of the Indenture.
"
Senior Notes
" means the $1,600,000,000
    aggregate principal amount of the Issuer's
    9
1
/
8
% senior
    notes due 2013 issued on the Issue Date.
"Senior Subordinated Indebtedness"
means:
(1) with respect to the Issuer, Indebtedness which ranks
    equal in right of payment to the Senior Subordinated Notes
    issued by the Issuer; and
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(2) with respect to any Guarantor, Indebtedness which ranks
    equal in right of payment to the Guarantee of such entity of
    Senior Subordinated Notes.
"
Senior Secured Notes
" means the
    $250 million aggregate principal amount of
    3.75% senior notes due 2009 and $250 million aggregate
    principal amount of 4.875% senior notes due 2014, each of
    SunGard and outstanding on the Issue Date.
"
Significant Subsidiary
" means any Restricted
    Subsidiary that would be a "significant subsidiary" as
    defined in Article 1,
Rule 1-02
of
Regulation S-X,
promulgated pursuant to the Securities Act, as such regulation
    is in effect on the Issue Date.
"
Similar Business
" means any business conducted
    or proposed to be conducted by the Issuer and its Restricted
    Subsidiaries on the Issue Date or any business that is similar,
    reasonably related, incidental or ancillary thereto.
"
Sponsor Management Agreement
" means the
    management agreement between certain of the management companies
    associated with the Investors and SunGard.
"
Subordinated Indebtedness
" means, with respect
    to the Senior Subordinated Notes,
(1) any Indebtedness of the Issuer which is by its terms
    subordinated in right of payment to the Senior Subordinated
    Notes, and
(2) any Indebtedness of any Guarantor which is by its terms
    subordinated in right of payment to the Guarantee of such entity
    of the Senior Subordinated Notes.
"
Subsidiary
" means, with respect to any Person:
(1) any corporation, association, or other business entity
    (other than a partnership, joint venture, limited liability
    company or similar entity) of which more than 50% of the total
    voting power of shares of Capital Stock entitled (without regard
    to the occurrence of any contingency) to vote in the election of
    directors, managers or trustees thereof is at the time of
    determination owned or controlled, directly or indirectly, by
    such Person or one or more of the other Subsidiaries of that
    Person or a combination thereof or is consolidated under GAAP
    with such Person at such time; and
(2) any partnership, joint venture, limited liability
    company or similar entity of which
(x) more than 50% of the capital accounts, distribution
    rights, total equity and voting interests or general or limited
    partnership interests, as applicable, are owned or controlled,
    directly or indirectly, by such Person or one or more of the
    other Subsidiaries of that Person or a combination thereof
    whether in the form of membership, general, special or limited
    partnership or otherwise, and
(y) such Person or any Restricted Subsidiary of such Person
    is a controlling general partner or otherwise controls such
    entity.
"
Total Assets
" means the total assets of the
    Issuer and its Restricted Subsidiaries on a consolidated basis,
    as shown on the most recent balance sheet of the Issuer or such
    other Person as may be expressly stated.
"
Transaction
" means the transactions
    contemplated by the Transaction Agreement, the issuance of the
    Senior Notes and the Senior Subordinated Notes, the granting of
    Liens on the Senior Secured Notes, fundings under any
    Receivables Facility and borrowings under the Senior Credit
    Facilities as in effect on the Issue Date.
"
Transaction Agreement
" means the Agreement and
    Plan of Merger, dated as of March 27, 2005 between Solar
    Capital Corp. and SunGard as the same may be amended prior to
    the Issue Date.
"
Treasury Rate
" means, as of any
    Redemption Date, the yield to maturity as of such
    Redemption Date of United States Treasury securities with a
    constant maturity (as compiled and published in the most recent
    Federal Reserve Statistical Release H.15 (519) that has
    become publicly available at least two Business Days prior to
    the Redemption Date (or, if such Statistical Release is no
    longer published, any publicly available source of similar
    market data)) most nearly equal to the period from the
    Redemption Date to August 15, 2009;
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provided
,
however
, that if the period from the
    Redemption Date to August 15, 2009 is less than one
    year, the weekly average yield on actually traded United States
    Treasury securities adjusted to a constant maturity of one year
    will be used.
"
Trust Indenture Act
" means the
    Trust Indenture Act of 1939, as amended (15 U.S.C
§§ 77aaa-777bbbb).
"
Unrestricted Subsidiary
" means:
(1) any Subsidiary of the Issuer which at the time of
    determination is an Unrestricted Subsidiary (as designated by
    the Issuer, as provided below); and
(2) any Subsidiary of an Unrestricted Subsidiary.
The Issuer may designate any Subsidiary of the Issuer (including
    any existing Subsidiary and any newly acquired or newly formed
    Subsidiary) to be an Unrestricted Subsidiary unless such
    Subsidiary or any of its Subsidiaries owns any Equity Interests
    or Indebtedness of, or owns or holds any Lien on, any property
    of, the Issuer or any Subsidiary of the Issuer (other than
    solely any Subsidiary of the Subsidiary to be so designated);
provided
that
(1) any Unrestricted Subsidiary must be an entity of which
    the Equity Interests entitled to cast at least a majority of the
    votes that may be cast by all Equity Interests having ordinary
    voting power for the election of directors or Persons performing
    a similar function are owned, directly or indirectly, by the
    Issuer;
(2) such designation complies with the covenants described
    under "Certain Covenants — Limitation on
    Restricted Payments"; and
(3) each of:
(a) the Subsidiary to be so designated; and
(b) its Subsidiaries
has not at the time of designation, and does not thereafter,
    create, incur, issue, assume, guarantee or otherwise become
    directly or indirectly liable with respect to any Indebtedness
    pursuant to which the lender has recourse to any of the assets
    of the Issuer or any Restricted Subsidiary.
The Issuer may designate any Unrestricted Subsidiary to be a
    Restricted Subsidiary;
provided
that, immediately after
    giving effect to such designation, no Default shall have
    occurred and be continuing and either:
(1) the Issuer could incur at least $1.00 of additional
    Indebtedness pursuant to the Fixed Charge Coverage Ratio test
    described in the first paragraph under "Certain
    Covenants — Limitation on Incurrence of Indebtedness
    and Issuance of Disqualified Stock and Preferred
    Stock"; or
(2) the Fixed Charge Coverage Ratio for the Issuer its
    Restricted Subsidiaries would be greater than such ratio for the
    Issuer and its Restricted Subsidiaries immediately prior to such
    designation,
in each case on a
pro forma
basis taking into account
    such designation.
Any such designation by the Issuer shall be notified by the
    Issuer to the Trustee by promptly filing with the Trustee a copy
    of the resolution of the board of directors of the Issuer or any
    committee thereof giving effect to such designation and an
    Officer's Certificate certifying that such designation
    complied with the foregoing provisions.
"
Voting Stock
" of any Person as of any date
    means the Capital Stock of such Person that is at the time
    entitled to vote in the election of the board of directors of
    such Person.
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"
Weighted Average Life to Maturity
" means, when
    applied to any Indebtedness, Disqualified Stock or Preferred
    Stock, as the case may be, at any date, the quotient obtained by
    dividing:
(1) the sum of the products of the number of years from the
    date of determination to the date of each successive scheduled
    principal payment of such Indebtedness or redemption or similar
    payment with respect to such Disqualified Stock or Preferred
    Stock multiplied by the amount of such payment; by
(2) the sum of all such payments.
"
Wholly-Owned Subsidiary
" of any Person means a
    Subsidiary of such Person, 100% of the outstanding Equity
    Interests of which (other than directors' qualifying
    shares) shall at the time be owned by such Person or by one or
    more Wholly-Owned Subsidiaries of such Person.
CERTAIN
    UNITED STATES FEDERAL
INCOME AND ESTATE TAX CONSEQUENCES
The following is a summary of certain United States federal
    income and, in the case of
Non-United
States Holders (as defined below), estate tax consequences of
    the ownership of notes as of the date hereof.
Except where noted, this summary deals only with notes that are
    held as capital assets, and does not represent a detailed
    description of the United States federal income tax consequences
    applicable to you if you are subject to special treatment under
    the United States federal income tax laws, including if you are:
•
a dealer in securities or currencies;
•
a financial institution;
•
a regulated investment company;
•
a real estate investment trust;
•
a tax-exempt organization;
•
an insurance company;
•
a person holding the notes as part of a hedging, integrated,
    conversion or constructive sale transaction or a straddle;
•
a trader in securities that has elected the
mark-to-market
method of accounting for your securities;
•
a person liable for alternative minimum tax;
•
a partnership or other pass-through entity for United States
    federal income tax purposes;
•
a United States Holder (as defined below) whose "functional
    currency" is not the U.S. dollar;
•
a "controlled foreign corporation";
•
a "passive foreign investment company"; or
•
a United States expatriate.
This summary is based upon provisions of the Internal Revenue
    Code of 1986, as amended (the "Code"), and
    regulations, rulings and judicial decisions as of the date
    hereof. Those authorities may be changed, perhaps retroactively,
    so as to result in United States federal income and estate tax
    consequences different from those summarized below.
If a partnership holds notes, the tax treatment of a partner
    will generally depend upon the status of the partner and the
    activities of the partnership. If you are a partner of a
    partnership holding notes, you should consult your tax advisors.
This summary does not represent a detailed description of the
    United States federal income and estate tax consequences to you
    in light of your particular circumstances and does not address
    the effects of any state,
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local or
non-United
States tax laws.
If you are considering the purchase of
    notes, you should consult your own tax advisors concerning the
    particular United States federal income and estate tax
    consequences to you of the ownership of the notes, as well as
    the consequences to you arising under the laws of any other
    taxing jurisdiction.
Consequences
    to United States Holders
The following is a summary of certain United States federal
    income tax consequences that will apply to you if you are a
    United States Holder of notes.
Certain consequences to
"Non-United
States Holders" of notes, which are beneficial owners of
    notes (other than partnerships) who are not United States
    Holders, are described under "Consequences to
Non-United
States Holders" below.
"United States Holder" means a beneficial owner of a
    note that is for United States federal income tax purposes:
•
an individual citizen or resident of the United States;
•
a corporation (or any other entity treated as a corporation for
    United States federal income tax purposes) created or organized
    in or under the laws of the United States, any state thereof or
    the District of Columbia;
•
an estate the income of which is subject to United States
    federal income taxation regardless of its source; or
•
a trust if it (1) is subject to the primary supervision of
    a court within the United States and one or more United States
    persons have the authority to control all substantial decisions
    of the trust or (2) has a valid election in effect under
    applicable United States Treasury regulations to be treated as a
    United States person.
Payments
    of Interest
Interest on a note will generally be taxable to you as ordinary
    income at the time it is paid or accrued in accordance with your
    method of accounting for tax purposes.
Market
    Discount
If you purchase a note for an amount that is less than its
    stated redemption price at maturity, the amount of the
    difference will be treated as "market discount" for
    United States federal income tax purposes, unless that
    difference is less than a specified de minimus amount.
    Under the market discount rules, you will be required to treat
    any principal payment on, or any gain on the sale, exchange,
    retirement or other disposition of, a note as ordinary income to
    the extent of the market discount that you have not previously
    included in income and are treated as having accrued on the note
    at the time of its payment or disposition.
In addition, you may be required to defer, until the maturity of
    the note or its earlier disposition in a taxable transaction,
    the deduction of all or a portion of the interest expense on any
    indebtedness attributable to the note. You may elect, on a
note-by-note
basis, to deduct the deferred interest expense in a tax year
    prior to the year of disposition. You should consult your own
    tax advisors before making this election.
Any market discount will be considered to accrue ratably during
    the period from the date of acquisition to the maturity date of
    the note, unless you elect to accrue on a constant interest
    method. You may elect to include market discount in income
    currently as it accrues, on either a ratable or constant
    interest method, in which case the rule described above
    regarding deferral of interest deductions will not apply.
Amortizable
    Bond Premium
If you purchase a note for an amount in excess of its stated
    redemption price at maturity, you will be considered to have
    purchased the note at a "premium". You generally may
    elect to amortize the premium over
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the remaining term of the note on a constant yield method as an
    offset to interest when includible in income under your regular
    accounting method. If you do not elect to amortize bond premium,
    that premium will decrease the gain or increase the loss you
    would otherwise recognize on disposition of the note.
Sale,
    Exchange and Retirement of Notes
Your adjusted tax basis in a note will, in general, be your cost
    for that note, increased by any market discount that you
    previously included in income, and reduced by any amortized
    premium. Upon the sale, exchange, retirement or other
    disposition of a note, you will recognize gain or loss equal to
    the difference between the amount you realize upon the sale,
    exchange, retirement or other disposition (less an amount equal
    to any accrued but unpaid interest, which will be taxable as
    interest income to the extent not previously included in income)
    and the adjusted tax basis of the note. Except as described
    above with respect to market discount, that gain or loss will be
    capital gain or loss. Capital gains of individuals derived in
    respect of capital assets held for more than one year are
    eligible for reduced rates of taxation. The deductibility of
    capital losses is subject to limitations.
Consequences
    to
Non-United
States Holders
The following is a summary of certain United States federal
    income and estate tax consequences that will apply to you if you
    are a
Non-United
States Holder of notes.
United
    States Federal Withholding Tax
The 30% United States federal withholding tax will not apply to
    any payment of interest on the notes under the "portfolio
    interest rule," provided that:
•
interest paid on the notes is not effectively connected with
    your conduct of a trade or business in the United States;
•
you do not actually (or constructively) own 10% or more of the
    total combined voting power of all classes of our voting stock
    within the meaning of the Code and applicable United States
    Treasury regulations;
•
you are not a controlled foreign corporation that is related to
    us through stock ownership;
•
you are not a bank whose receipt of interest on the notes is
    described in section 881(c)(3)(A) of the Code; and
•
either (a) you provide your name and address on an Internal
    Revenue Service ("IRS")
Form W-8BEN
(or other applicable form), and certify, under penalties of
    perjury, that you are not a United States person as defined
    under the Code or (b) you hold your notes through certain
    foreign intermediaries and satisfy the certification
    requirements of applicable United States Treasury regulations.
Special certification rules apply to
Non-United
States Holders that are pass-through entities rather than
    corporations or individuals.
If you cannot satisfy the requirements described above, payments
    of interest made to you will be subject to the 30% United States
    federal withholding tax, unless you provide us with a properly
    executed:
•
IRS
Form W-8BEN
(or other applicable form) claiming an exemption from or
    reduction in withholding under the benefit of an applicable
    income tax treaty; or
•
IRS
Form W-8ECI
(or other applicable form) stating that interest paid on the
    notes is not subject to withholding tax because it is
    effectively connected with your conduct of a trade or business
    in the United States (as discussed below under
    "— United States Federal Income Tax").
The 30% United States federal withholding tax generally will not
    apply to payment of principal or any gain that you realize on
    the sale, exchange, redemption, retirement or other disposition
    of a note.
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United
    States Federal Income Tax
If you are engaged in a trade or business in the United States
    and interest or premium on the notes is effectively connected
    with the conduct of that trade or business (and, if required by
    an applicable income tax treaty, is attributable to a United
    States permanent establishment), then you will be subject to
    United States federal income tax on that interest or premium on
    a net income basis (although you will be exempt from the 30%
    United States federal withholding tax, provided the
    certification requirements discussed above in
    "— United States Federal Withholding Tax"
    are satisfied) generally in the same manner as if you were a
    United States person as defined under the Code. In addition, if
    you are a foreign corporation, you may be subject to a branch
    profits tax equal to 30% (or lower applicable income tax treaty
    rate) of such interest or premium, subject to adjustments.
Any gain realized on the disposition of a note generally will
    not be subject to United States federal income tax unless:
•
the gain is effectively connected with your conduct of a trade
    or business in the United States (and, if required by an
    applicable income tax treaty, is attributable to a United States
    permanent establishment); or
•
you are an individual who is present in the United States for
    183 days or more in the taxable year of that disposition,
    and certain other conditions are met.
United
    States Federal Estate Tax
Your estate will not be subject to United States federal estate
    tax on notes beneficially owned by you at the time of your
    death, provided that any payment to you on the notes would be
    eligible for exemption from the 30% United States federal
    withholding tax under the "portfolio interest rule"
    described above under "— United States Federal
    Withholding Tax" without regard to the statement
    requirement described in the fifth bullet point of that section.
Information
    Reporting and Backup Withholding
United
    States Holders
In general, information reporting requirements will apply to
    certain payments of principal, interest and premium paid on
    notes and to the proceeds of sale of a note paid to you (unless
    you are an exempt recipient such as a corporation). A backup
    withholding tax may apply to such payments if you fail to
    provide a taxpayer identification number or a certification of
    exempt status, or if you fail to report in full dividend and
    interest income.
Any amounts withheld under the backup withholding rules will be
    allowed as a refund or a credit against your United States
    federal income tax liability provided the required information
    is furnished in a timely manner to the IRS.
Non-United
States Holders
Generally, we must report to the IRS and to you the amount of
    interest paid to you and the amount of tax, if any, withheld
    with respect to those payments. Copies of the information
    returns reporting such interest payments and any withholding may
    also be made available to the tax authorities in the country in
    which you reside under the provisions of an applicable income
    tax treaty.
In general, you will not be subject to backup withholding with
    respect to payments on the notes that we make to you provided
    that we do not have actual knowledge or reason to know that you
    are a United States person as defined under the Code, and we
    have received from you the statement described above in the
    fifth bullet point under "Consequences to
Non-United
States Holders — United States Federal Withholding
    Tax."
Information reporting and, depending on the circumstances,
    backup withholding will apply to the proceeds of a sale
    (including retirement or redemption) of our notes within the
    United States or conducted
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through certain United States-related financial intermediaries,
    unless you certify under penalties of perjury that you are not a
    United States person as defined under the Code (and the payor
    does not have actual knowledge or reason to know that you are a
    United States person as defined under the Code) or you otherwise
    establish an exemption.
Any amounts withheld under the backup withholding rules will be
    allowed as a refund or a credit against your United States
    federal income tax liability provided the required information
    is furnished in a timely manner to the IRS.
CERTAIN
    ERISA CONSIDERATIONS
The following is a summary of certain considerations associated
    with the purchase and holding of the notes by employee benefit
    plans that are subject to Title I of the Employee
    Retirement Income Security Act of 1974, as amended
    ("ERISA"), plans, individual retirement accounts and
    other arrangements that are subject to Section 4975 of the
    Internal Revenue Code of 1986, as amended (the "Code")
    or provisions under any other federal, state, local,
non-U.S. or
other laws, rules or regulations that are similar to such
    provisions of ERISA or the Code (collectively, "Similar
    Laws"), and entities whose underlying assets are considered
    to include "plan assets" (within the meaning of ERISA)
    of any such plan, account or arrangement (each, a
    "Plan").
General
    Fiduciary Matters
ERISA and the Code impose certain duties on persons who are
    fiduciaries of a Plan subject to Title I of ERISA or
    Section 4975 of the Code (an "ERISA Plan") and
    prohibit certain transactions involving the assets of an ERISA
    Plan and its fiduciaries or other interested parties. Under
    ERISA and the Code, any person who exercises any discretionary
    authority or control over the administration of such an ERISA
    Plan or the management or disposition of the assets of such an
    ERISA Plan, or who renders investment advice for a fee or other
    compensation to such an ERISA Plan, is generally considered to
    be a fiduciary of the ERISA Plan.
In considering an investment in the notes of a portion of the
    assets of any Plan, a fiduciary should determine whether the
    investment is in accordance with the documents and instruments
    governing the Plan and the applicable provisions of ERISA, the
    Code or any Similar Law relating to a fiduciary's duties to
    the Plan including, without limitation, the prudence,
    diversification, delegation of control and prohibited
    transaction provisions of ERISA, the Code and any other
    applicable Similar Laws.
Prohibited
    Transaction Issues
Section 406 of ERISA and Section 4975 of the Code
    prohibit ERISA Plans from engaging in specified transactions
    involving "plan assets" with persons or entities who
    are "parties in interest," within the meaning of
    ERISA, or "disqualified persons," within the meaning
    of Section 4975 of the Code, unless an exemption is
    available. A party in interest or disqualified person who
    engaged in a non-exempt prohibited transaction may be subject to
    excise taxes and other penalties and liabilities under ERISA
and/or
the
    Code. In addition, the fiduciary of the ERISA Plan that engaged
    in such a non-exempt prohibited transaction may be subject to
    penalties and liabilities under ERISA and the Code. The
    acquisition
and/or
holding of notes by an ERISA Plan with respect to which we or
    any of the guarantors are considered a party in interest or
    disqualified person may constitute or result in a direct or
    indirect prohibited transaction under Section 406 of ERISA
and/or
Section 4975 of the Code, unless the investment is acquired
    and is held in accordance with an applicable statutory, class or
    individual prohibited transaction exemption. In this regard, the
    United States Department of Labor has issued prohibited
    transaction class exemptions ("PTCEs") that may apply
    to the acquisition and holding of the notes. These class
    exemptions include, without limitation,
PTCE 84-14,
respecting transactions determined by independent qualified
    professional asset managers,
PTCE 90-1,
respecting insurance company pooled separate accounts, PTCE
91-38,
respecting bank collective investment funds,
PTCE 95-60,
respecting life insurance company general accounts and
PTCE 96-23,
respecting transactions determined by in-house asset managers.
    In addition, Section 408(17) of ERISA and
    Section 4975(d)(20) of the Code provide relief from the
    prohibited transaction provisions of ERISA and Section 4975
    of the Code for certain transactions, provided that neither the
    issuer of the securities nor any of its affiliates (directly or
    indirectly) have or exercise
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any discretionary authority or control or render any investment
    advice with respect to the assets of any ERISA Plan involved in
    the transaction and provided further that the ERISA Plan pays no
    more than adequate consideration in connection with the
    transaction. There can be no assurance that all of the
    conditions of any such exemptions will be satisfied.
Because of the foregoing, the notes should not be purchased or
    held by any person investing "plan assets" of any
    Plan, unless such purchase and holding will not constitute a
    non-exempt prohibited transaction under ERISA and the Code or
    similar violation of any applicable Similar Laws.
Representation
Accordingly, by acceptance of a note, each purchaser and
    subsequent transferee will be deemed to have represented and
    warranted that either (i) no portion of the assets used by
    such purchaser or transferee to acquire or hold the notes
    constitutes assets of any Plan or (ii) the purchase and
    holding of the notes by such purchaser or transferee will not
    constitute a non-exempt prohibited transaction under
    Section 406 of ERISA or Section 4975 of the Code or
    any similar violation under any applicable Similar Laws.
The foregoing discussion is general in nature and is not
    intended to be all-inclusive. Due to the complexity of these
    rules and the penalties that may be imposed upon persons
    involved in non-exempt prohibited transactions, it is
    particularly important that fiduciaries or other persons
    considering purchasing the notes (and holding or disposing the
    notes) on behalf of, or with the assets of, any Plan, consult
    with their counsel regarding the potential applicability of
    ERISA, Section 4975 of the Code and any Similar Laws to
    such transactions and whether an exemption would be applicable
    to the purchase, holding and disposition of the notes.
PLAN OF
    DISTRIBUTION
This prospectus is to be used by Goldman, Sachs & Co.
    in connection with offers and sales of the notes in
    market-making transactions effected from time to time. Goldman,
    Sachs & Co. may act as principal or agent in such
    transactions, including as agent for the counterparty when
    acting as principal or as agent for both counterparties, and may
    receive compensation in the form of discounts and commissions,
    including from both counterparties, when it acts as agents for
    both. Such sales will be made at prevailing market prices at the
    time of sale, at prices related thereto or at negotiated prices.
    We will not receive any of the proceeds from such sales.
Private equity funds managed by Goldman, Sachs & Co.
    own approximately 11% of our common stock. See "Security
    Ownership of Certain Beneficial Owners." Sanjeev K. Mehra,
    one of our directors, is a managing director of Goldman,
    Sachs & Co.'s Principal Investment Area and a
    member of its Investment Committee. Goldman, Sachs &
    Co. acted as an initial purchaser in connection with the
    original issuance and sale of the notes on August 11, 2005
    and September 29, 2008 and received customary fees. In
    addition, Goldman Sachs Credit Partners L.P., an affiliate of
    Goldman, Sachs & Co., is a lender under our senior
    secured credit facilities. Goldman, Sachs & Co. or
    their affiliates have in the past engaged, and may in the future
    engage, in transactions with and perform services for, including
    commercial banking, financial advisory and investment banking
    services, us and our affiliates in the ordinary course of
    business; and for which they have received customary fees and
    expenses.
We have been advised by Goldman, Sachs & Co. that,
    subject to applicable laws and regulations, they currently
    intend to make a market in the notes. However, Goldman,
    Sachs & Co. is not obligated to do so, and any such
    market-making may be interrupted or discontinued at any time
    without notice.
Pursuant to registration rights agreements entered into between
    us and Goldman, Sachs & Co., we have agreed to
    indemnify Goldman, Sachs & Co. against certain
    liabilities, including liabilities under the Securities Act.
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LEGAL
    MATTERS
The validity and enforceability of the notes and the related
    guarantees have been passed upon for us by Simpson
    Thacher & Bartlett LLP, New York, New York. An
    investment vehicle comprised of several partners of Simpson
    Thacher & Bartlett LLP, members of their families,
    related persons and others own interests representing less than
    1% of the capital commitments of funds affiliated with three of
    the Sponsors, Blackstone, KKR and Silver Lake.
EXPERTS
The financial statements as of December 31, 2009 and 2008
    and for each of the three years in the period ended
    December 31, 2009 included in this Prospectus have been so
    included in reliance on the report of PricewaterhouseCoopers
    LLP, an independent registered public accounting firm, given on
    the authority of said firm as experts in auditing and accounting.
WHERE YOU
    CAN FIND MORE INFORMATION
We and our guarantor subsidiaries have filed with the SEC a
    registration statement on
Form S-1
under the Securities Act with respect to the notes being offered
    hereby. This prospectus, which forms a part of the registration
    statement, does not contain all of the information set forth in
    the registration statement. For further information with respect
    to us, our guarantor subsidiaries and the notes, reference is
    made to the registration statement. Statements contained in this
    prospectus as to the contents of any contract or other document
    are not necessarily complete. We and our guarantor subsidiaries
    are subject to the informational requirements of the Exchange
    Act, and, in accordance therewith, file reports and other
    information with the SEC. The registration statement, such
    reports and other information can be inspected and copied at the
    Public Reference Room of the SEC located at Room 1580,
    100 F Street, N.E., Washington D.C. 20549. Copies of
    such materials, including copies of all or any portion of the
    registration statement, can be obtained from the Public
    Reference Room of the SEC at prescribed rates. You can call the
    SEC at
1-800-SEC-0330
to obtain information on the operation of the Public Reference
    Room. Such materials may also be accessed electronically by
    means of the SEC's home page on the Internet
(http://www.sec.gov).
So long as we and our guarantor subsidiaries are subject to the
    periodic reporting requirements of the Exchange Act, we and our
    guarantor subsidiaries are required to furnish the information
    required to be filed with the SEC to the trustee and the holders
    of the notes. We and our guarantor subsidiaries have agreed
    that, even if we and our guarantor subsidiaries are not required
    under the Exchange Act to furnish such information to the SEC,
    we will nonetheless continue to furnish information that would
    be required to be furnished by us and our guarantor subsidiaries
    by Section 13 of the Exchange Act, including a
    "Management's Discussion and Analysis of Financial
    Condition and Results of Operations" and, with respect to
    the annual information only, a report thereon by our certified
    independent accountants to the trustee and the holders of the
    notes as if we were subject to such periodic reporting
    requirements.
260
Table of Contents
SunGard
    Data Systems Inc.
Index to
    Consolidated Financial Statements
Annual Financial Statements
Report of Independent Registered Public
    Accounting Firm
F-2
Consolidated Balance Sheets as of
    December 31, 2008 and 2009
F-3
Consolidated Statements of Operations for the
    Years Ended December 31, 2007, 2008 and 2009
F-4
Consolidated Statements of Cash Flows for the
    Years Ended December 31, 2007, 2008 and 2009
F-5
Consolidated Statement of Changes in
    Stockholder's Equity for the Years Ended December 31,
    2007, 2008 and 2009
F-6
Notes to Consolidated Financial Statements
F-7
F-1
Table of Contents
Report of
    Independent Registered Public Accounting Firm
To the Board of Directors and Stockholder of SunGard Data
    Systems Inc.:
In our opinion, the accompanying consolidated balance sheets and
    the related consolidated statements of operations, of changes in
    stockholder's equity and of cash flows present fairly, in
    all material respects, the financial position of SunGard Data
    Systems Inc. and its subsidiaries ("SDS") at
    December 31, 2009 and 2008, and the results of its
    operations and its cash flows for each of the three years in the
    period ended December 31, 2009 in conformity with
    accounting principles generally accepted in the United States of
    America. These financial statements are the responsibility of
    SDS's management. Our responsibility is to express an
    opinion on these financial statements based on our audits. We
    conducted our audits of these statements in accordance with the
    standards of the Public Company Accounting Oversight Board
    (United States). Those standards require that we plan and
    perform the audit to obtain reasonable assurance about whether
    the financial statements are free of material misstatement. An
    audit includes examining, on a test basis, evidence supporting
    the amounts and disclosures in the financial statements,
    assessing the accounting principles used and significant
    estimates made by management, and evaluating the overall
    financial statement presentation. We believe that our audits
    provide a reasonable basis for our opinion.
/s/  PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
March 24, 2010
F-2
Table of Contents
SunGard
    Data Systems Inc.
Consolidated Balance Sheets
December 31,
December 31,
2008
2009
(In millions except share and per-share amounts)
ASSETS
Current:
Cash and cash equivalents
$
975
$
664
Trade receivables, less allowance for doubtful accounts of $15
    and $49
701
955
Earned but unbilled receivables
81
181
Prepaid expenses and other current assets
122
189
Clearing broker assets
309
332
Retained interest in accounts receivable sold
285
—
Deferred income taxes
22
22
Total current assets
2,495
2,343
Property and equipment, less accumulated depreciation of $689
    and $936
898
925
Software products, less accumulated amortization of $793 and
    $1,091
1,159
1,020
Customer base, less accumulated amortization of $668 and $954
2,616
2,294
Other intangible assets, less accumulated amortization of $29
    and $24
207
195
Trade name, less accumulated amortization of $4 and $10
1,075
1,025
Goodwill
7,328
6,178
Total Assets
$
15,778
$
13,980
LIABILITIES AND STOCKHOLDER'S EQUITY
Current:
Short-term and current portion of long-term debt
$
322
$
64
Accounts payable
87
72
Accrued compensation and benefits
314
319
Accrued interest expense
159
146
Other accrued expenses
401
413
Clearing broker liabilities
310
294
Deferred revenue
977
1,040
Total current liabilities
2,570
2,348
Long-term debt
8,553
8,251
Deferred income taxes
1,592
1,314
Total liabilities
12,715
11,913
Commitments and contingencies
Stockholder's equity:
Common stock, par value $.01 per share; 100 shares
    authorized, issued and oustanding
—
—
Capital in excess of par value
3,731
3,755
Accumulated deficit
(449
)
(1,567
)
Accumulated other comprehensive income
(219
)
(121
)
Total stockholder's equity
3,063
2,067
Total Liabilities and Stockholder's Equity
$
15,778
$
13,980
The accompanying notes are an integral part of these
    consolidated financial statements.
F-3
Table of Contents
SunGard
    Data Systems Inc.
Consolidated Statements of Operations
Year Ended December 31,
2007
2008
2009
(In millions)
Revenue:
Services
$
4,364
$
5,083
$
4,961
License and resale fees
396
369
384
Total products and services
4,760
5,452
5,345
Reimbursed expenses
141
144
163
4,901
5,596
5,508
Costs and expenses:
Cost of sales and direct operating
2,268
2,744
2,709
Sales, marketing and administration
1,042
1,151
1,112
Product development
271
308
302
Depreciation and amortization
251
278
291
Amortization of acquisition-related intangible assets
438
515
540
Goodwill impairment charge and merger costs
—
130
1,130
4,270
5,126
6,084
Income (loss) from operations
631
470
(576
)
Interest income
19
18
7
Interest expense and amortization of deferred financing fees
(645
)
(599
)
(637
)
Other income (expense)
(68
)
(93
)
15
Loss before income taxes
(63
)
(204
)
(1,191
)
Benefit from (provision for) income taxes
3
(38
)
73
Net loss
$
(60
)
$
(242
)
$
(1,118
)
The accompanying notes are an integral part of these
    consolidated financial statements.
F-4
Table of Contents
SunGard
    Data Systems Inc.
Consolidated Statements of Cash Flows
Year Ended December 31,
2007
2008
2009
(In millions)
Cash flow from operations:
Net loss
$
(60
)
$
(242
)
$
(1,118
)
Reconciliation of net loss to cash flow from operations:
Depreciation and amortization
689
793
831
Goodwill impairment charge
—
128
1,126
Deferred income tax benefit
(120
)
(108
)
(170
)
Stock compensation expense
32
35
33
Amortization of deferred financing costs and debt discount
46
37
42
Other noncash items
14
50
(14
)
Accounts receivable and other current assets
(20
)
(341
)
(63
)
Accounts payable and accrued expenses
71
(28
)
(56
)
Clearing broker assets and liabilities, net
9
36
(39
)
Deferred revenue
40
25
67
Cash flow from operations
701
385
639
Investment activities:
Cash paid for acquired businesses, net of cash acquired
(265
)
(721
)
(13
)
Cash paid for property and equipment and software
(307
)
(392
)
(327
)
Other investing activities
8
4
7
Cash used in investment activities
(564
)
(1,109
)
(333
)
Financing activities:
Cash received from other borrowings, net of fees
591
1,444
202
Cash used to repay debt
(623
)
(119
)
(827
)
Other financing activities
—
(22
)
(3
)
Cash provided by (used in) financing activities
(32
)
1,303
(628
)
Effect of exchange rate changes on cash
6
(31
)
11
Increase (decrease) in cash and cash equivalents
111
548
(311
)
Beginning cash and cash equivalents
316
427
975
Ending cash and cash equivalents
$
427
$
975
$
664
Supplemental information:
Interest paid
$
643
$
550
$
596
Income taxes paid, net of refunds
$
62
$
134
$
135
Acquired businesses:
Property and equipment
$
40
$
14
$
—
Software products
68
133
10
Customer base
92
215
5
Goodwill
166
613
2
Other intangible assets
11
67
—
Deferred income taxes
(49
)
(123
)
(1
)
Purchase price obligations and debt assumed
(41
)
(75
)
(1
)
Net current liabilities assumed
(22
)
(123
)
(2
)
Cash paid for acquired businesses, net of cash acquired of $22,
    $78 and $1, respectively
$
265
$
721
$
13
The accompanying notes are an integral part of these
    consolidated financial statements.
F-5
Table of Contents
SunGard
    Data Systems Inc.
Consolidated Statement of Changes in Stockholder's
    Equity
Accumulated Other Comprehensive Income (Loss)
Common Stock
Capital
Retained
Net Unrealized
Number
in Excess
Earnings
Foreign
Gain (Loss) on
of Shares
Par
of Par
(Accumulated
Currency
Derivative
issued
Value
Value
Deficit)
Translation
Instruments
Total
(In millions)
Balances at December 31, 2006
—
$
—
$
3,664
$
(147
)
$
55
$
2
$
3,574
Comprehensive loss:
Net loss
—
—
—
(60
)
—
—
(60
)
Foreign currency translation
—
—
—
—
35
—
35
Net unrealized loss on derivative instruments (net of tax
    benefit of $15)
—
—
—
—
—
(23
)
(23
)
Total comprehensive loss
(48
)
Stock compensation expense
—
—
32
—
—
—
32
Other
—
—
(2
)
—
—
—
(2
)
Balances at December 31, 2007
—
—
3,694
(207
)
90
(21
)
3,556
Comprehensive loss:
Net loss
—
—
—
(242
)
—
—
(242
)
Foreign currency translation
—
—
—
—
(249
)
—
(249
)
Net unrealized loss on derivative instruments (net of tax
    benefit of $25)
—
—
—
—
—
(39
)
(39
)
Total comprehensive loss
(530
)
Stock compensation expense
—
—
35
—
—
—
35
Other
—
—
2
—
—
—
2
Balances at December 31, 2008
—
—
3,731
(449
)
(159
)
(60
)
3,063
Comprehensive loss:
Net loss
—
—
—
(1,118
)
—
—
(1,118
)
Foreign currency translation
—
—
—
—
80
—
80
Net unrealized gain on derivative instruments (net of tax
    provision of $11)
—
—
—
—
—
18
18
Total comprehensive loss
(1,020
)
Stock compensation expense
—
—
33
—
—
—
33
Other
—
—
(9
)
—
—
—
(9
)
Balances at December 31, 2009
—
$
—
$
3,755
$
(1,567
)
$
(79
)
$
(42
)
$
2,067
The accompanying notes are an integral part of these
    consolidated financial statements.
F-6
Table of Contents
SunGard
    Data Systems Inc.
Notes
    to Consolidated Financial Statements
1.
Basis of
    Presentation and Summary of Significant Accounting
    Policies:
SunGard Data Systems Inc. ("SunGard" or the
    "Company") was acquired on August 11, 2005 (the
    "Transaction") in a leveraged buy-out by a consortium
    of private equity investment funds associated with Bain Capital
    Partners, The Blackstone Group, Goldman Sachs & Co.,
    Kohlberg Kravis Roberts & Co., Providence Equity
    Partners, Silver Lake and TPG (collectively, the
    "Sponsors").
SunGard is a wholly owned subsidiary of SunGard Holdco LLC,
    which is wholly owned by SunGard Holding Corp., which is wholly
    owned by SunGard Capital Corp. II ("SCCII"), which is
    a subsidiary of SunGard Capital Corp. ("SCC"). SCC and
    SCCII are collectively referred to as the "Parent
    Companies." All four of these companies were formed in 2005
    for the purpose of facilitating the Transaction and are
    collectively referred to as the "Holding Companies."
The Holding Companies have no other operations beyond those of
    their ownership of SunGard. SunGard is one of the world's
    leading software and technology services companies and has four
    segments: Financial Systems ("FS"), Higher Education
    ("HE"), Public Sector ("PS") and
    Availability Services ("AS"). The consolidated
    financial statements include the accounts of the Company and its
    majority-owned subsidiaries. All significant intercompany
    transactions and accounts have been eliminated.
Estimates
The preparation of consolidated financial statements in
    conformity with accounting principles generally accepted in the
    United States of America requires management to make many
    estimates and judgments that affect the reported amounts of
    assets, liabilities, revenue and expenses. The Company evaluates
    its estimates and judgments on an ongoing basis and revises them
    when necessary. Actual results may differ from the original or
    revised estimates.
Revenue
    Recognition
The following criteria must be met in determining whether
    revenue may be recorded: persuasive evidence of a contract
    exists; services have been provided; the price is fixed or
    determinable; and collection is reasonably assured.
The Company generates services revenue from availability
    services, processing services, software maintenance and rentals,
    professional services and broker/dealer fees. Services revenue
    is recorded as the services are provided based on the fair value
    of each element which is based on the sales price of each
    element when sold separately. Most AS services revenue consists
    of fixed monthly fees based upon the specific computer
    configuration or business process for which the service is being
    provided, and the related costs are incurred ratably over the
    contract period. When recovering from an interruption, customers
    generally are contractually obligated to pay additional fees,
    which typically cover the incremental costs of supporting
    customers during recoveries. FS services revenue includes
    monthly fees, which may include a fixed minimum fee
and/or
variable fees based on a measure of volume or activity, such as
    the number of accounts, trades or transactions, users or the
    number of hours of service.
For fixed-fee professional services contracts, services revenue
    is recorded based upon proportional performance, measured by the
    actual number of hours incurred divided by the total estimated
    number of hours for the project. When contracts include both
    professional services and software and there are significant
    program modifications or customization, installation, systems
    integration or related services, the professional services and
    license revenue is combined and recorded based upon the
    estimated percentage of completion, measured in the manner
    described above. Changes in the estimated costs or hours to
    complete the contract and losses, if any, are reflected in the
    period during which the change or loss becomes known.
F-7
Table of Contents
License fees result from contracts that permit the customer to
    use a SunGard software product at the customer's site.
    Generally, these contracts are multiple-element arrangements
    since they usually provide for professional services and ongoing
    software maintenance. In these instances, license fees are
    recognized upon the signing of the contract and delivery of the
    software if the license fee is fixed or determinable, collection
    is probable, and there is sufficient vendor specific evidence of
    the fair value of each undelivered element. Revenue is recorded
    when billed when customer payments are extended beyond normal
    billing terms, or at acceptance when there is significant
    acceptance, technology or service risk. Revenue also is recorded
    over the longest service period in those instances where the
    software is bundled together with post-delivery services and
    there is not sufficient evidence of the fair value of each
    undelivered service element.
Sufficient evidence of fair value is determined by reference to
    applicable accounting standards and is defined as vendor
    specific objective evidence ("VSOE"). If there is no
    VSOE of the fair value of the delivered element (which is
    usually the software) but there is VSOE of the fair value of
    each of the undelivered elements (which are usually maintenance
    and professional services), then the residual method is used to
    determine the revenue for the delivered element. The revenue for
    each of the undelivered elements is set at the fair value of
    those elements using VSOE of the price paid when each of the
    undelivered elements is sold separately. The revenue remaining
    after allocation to the undelivered elements (i.e., the
    residual) is allocated to the delivered element.
VSOE supporting the fair value of maintenance is based on the
    optional renewal rates for each product and is typically 18% to
    20% of the software license fee per year. VSOE supporting the
    fair value of professional services is based on the standard
    daily rates charged when those services are sold separately.
In some multiple-element arrangements that include software
    licenses and services, the services rates are discounted. In
    these cases, a portion of the software license fee is deferred
    and recognized as the services are performed based on VSOE of
    the services.
Unbilled receivables are created when services are performed or
    software is delivered and revenue is recognized in advance of
    billings. Deferred revenue is created when billing occurs in
    advance of performing services or when all revenue recognition
    criteria have not been met.
Cash and
    Cash Equivalents
Cash and cash equivalents consist of investments that are
    readily convertible into cash and have original maturities of
    three months or less.
Concentration
    of Credit Risk
Financial instruments that potentially subject the Company to
    concentrations of credit risk consist primarily of accounts
    receivable. The Company sells a significant portion of its
    products and services to the financial services industry and
    could be affected by the overall condition of that industry. The
    Company believes that any credit risk associated with accounts
    receivable is substantially mitigated by the relatively large
    number of customer accounts and reasonably short collection
    terms. Accounts receivable are stated at estimated net
    realizable value, which approximates fair value. By policy, the
    Company places its available cash and short-term investments
    with institutions of high credit-quality and limits the amount
    of credit exposure to any one issuer.
Foreign
    Currency Translation
The functional currency of each of the Company's foreign
    operations is generally the local currency of the country in
    which the operation is located. All assets and liabilities are
    translated into U.S. dollars using exchange rates in effect
    at the balance sheet date. Revenue and expenses are translated
    using average exchange rates during the period.
Increases and decreases in net assets resulting from foreign
    currency translation are reflected in stockholder's equity
    as a component of accumulated other comprehensive income (loss).
F-8
Table of Contents
Property
    and Equipment
Property and equipment are recorded at cost and depreciated on
    the straight-line method over the estimated useful lives of the
    assets (three to eight years for equipment and 10 to
    40 years for buildings and improvements). Leasehold
    improvements are amortized ratably over their remaining lease
    term or useful life, if shorter. Depreciation and amortization
    of property and equipment was $219 million in 2007,
    $240 million in 2008 and $245 million in 2009.
Software
    Products
Software development costs are expensed as incurred and consist
    primarily of design and development costs of new products and
    significant enhancements to existing products incurred before
    the establishment of technological feasibility. Recoverable
    costs incurred subsequent to technological feasibility of new
    products and enhancements to existing products as well as costs
    associated with purchased software and software obtained through
    business acquisitions are capitalized and amortized over the
    estimated useful lives of the related products, generally three
    to 11 years (average life is eight years), using the
    straight-line method or the ratio of current revenue to current
    and anticipated revenue from such software, whichever provides
    the greater amortization. Amortization of all software products,
    including software acquired in business acquisitions and
    software purchased for internal use, aggregated
    $246 million in 2007, $267 million in 2008 and
    $295 million in 2009. Capitalized development costs were
    $26 million in 2007, $17 million in 2008 and
    $16 million in 2009.
Purchase
    Accounting and Intangible Assets
Purchase accounting requires that all assets and liabilities be
    recorded at fair value on the acquisition date, including
    identifiable intangible assets separate from goodwill.
    Identifiable intangible assets include customer base (which
    includes customer contracts and relationships), software and
    trade name. Goodwill represents the excess of cost over the fair
    value of net assets acquired.
The estimated fair values and useful lives of identifiable
    intangible assets are based on many factors, including estimates
    and assumptions of future operating performance and cash flows
    of the acquired business, the nature of the business acquired,
    the specific characteristics of the identified intangible
    assets, and our historical experience and that of the acquired
    business. The estimates and assumptions used to determine the
    fair values and useful lives of identified intangible assets
    could change due to numerous factors, including product demand,
    market conditions, technological developments, economic
    conditions and competition. In connection with our determination
    of fair values for the Transaction and for other significant
    acquisitions, we engage independent appraisal firms to assist us
    with the valuation of intangible and certain tangible assets
    acquired and certain assumed obligations.
Customer
    Base Intangible Assets
Customer base intangible assets represent customer contracts and
    relationships obtained as a result of the Transaction and as
    part of acquired businesses and are amortized using the
    straight-line method over their estimated useful lives, ranging
    from three to 19 years (average life is 13 years).
Effective January 1, 2009, the Company shortened the
    remaining useful lives of certain intangible assets to reflect
    revisions to estimated customer attrition rates. The impact of
    this revision was an increase in amortization of
    acquisition-related intangible assets of approximately
    $36 million in 2009.
Other
    Intangible Assets
Other intangible assets consist primarily of deferred financing
    costs incurred in connection with debt issued in the Transaction
    and amendments to our debt and other financing transactions (see
    Note 5), noncompetition agreements obtained in business
    acquisitions, long-term accounts receivable, prepayments and
    long-term investments. Deferred financing costs are amortized
    over the term of the related debt.
F-9
Table of Contents
Noncompetition agreements are amortized using the straight-line
    method over their stated terms, ranging from two to five years.
Impairment
    Reviews for Long-Lived Assets
The Company periodically reviews carrying values and useful
    lives of long-lived assets for impairment whenever events or
    changes in circumstances indicate that the carrying value of the
    asset may not be recoverable. Factors that could indicate an
    impairment include significant underperformance of the asset as
    compared to historical or projected future operating results, or
    significant negative industry or economic trends. When the
    Company determines that the carrying value of an asset may not
    be recoverable, the related estimated future undiscounted cash
    flows expected to result from the use and eventual disposition
    of the asset are compared to the carrying value of the asset. If
    the sum of the estimated future undiscounted cash flows is less
    than the carrying amount, an impairment charge is recorded based
    on the difference between the carrying value of the asset and
    its fair value, which the Company estimates based on discounted
    expected future cash flows. In determining whether an asset is
    impaired, the Company makes assumptions regarding recoverability
    of costs, estimated future cash flows from the asset, intended
    use of the asset and other relevant factors. If these estimates
    or their related assumptions change, impairment charges for
    these assets may be required.
Future
    Amortization of Acquisition-Related Intangible Assets
Based on amounts recorded at December 31, 2009, total
    expected amortization of all acquisition-related intangible
    assets in each of the years ended December 31 follows (in
    millions):
2010
$
494
2011
466
2012
416
2013
362
2014
297
Trade
    Name and Goodwill
The trade name intangible asset primarily represents the fair
    value of the SunGard trade name at August 11, 2005 and is
    an indefinite-lived asset and therefore is not subject to
    amortization but is reviewed at least annually for impairment.
    Other trade names are amortized over their estimated useful
    lives. Goodwill represents the excess of cost over the fair
    value of net assets acquired. Generally accepted accounting
    principles require the Company to perform an impairment test, a
    two-step test, annually and more frequently when negative
    conditions or a triggering event arise. The Company completes
    its annual goodwill impairment test as of July 1. In step
    one, the estimated fair value of each reporting unit is compared
    to its carrying value. If there is a deficiency (the estimated
    fair value is less than the carrying value), a step two test is
    required. In step two, the amount of any goodwill impairment is
    calculated by comparing the implied fair value of the reporting
    unit's goodwill to the carrying value of goodwill, with the
    resulting impairment reflected in operations. The implied fair
    value is determined in the same manner as the amount of goodwill
    recognized in a business combination.
Estimating the fair value of a reporting unit requires various
    assumptions including the use of projections of future cash
    flows and discount rates that reflect the risks associated with
    achieving those cash flows. The assumptions about future cash
    flows and growth rates are based on management's assessment
    of a number of factors including the reporting unit's
    recent performance against budget as well as performance in the
    market that the reporting unit serves. Discount rate assumptions
    are based on an assessment of the risk inherent in those future
    cash flows. Changes to the underlying businesses could affect
    the future cash flows, which in turn could affect the fair value
    of the reporting unit.
Based on an evaluation of 2009 year-end results and a reduction
    in the revenue growth outlook for the AS business, the Company
    concluded that AS had experienced a triggering event in its
    North American reporting unit (AS NA), one of two reporting
    units identified in the July 1 annual impairment test where the
F-10
Table of Contents
excess of the estimated fair value over the carrying value was
    less than 10%. None of the other reporting units experienced a
    triggering event. The Company first evaluated AS NA's
    long-lived assets, primarily the customer base and property and
    equipment, for impairment. In performing the impairment tests
    for the long-lived assets, the Company estimated the
    undiscounted cash flows over the remaining useful lives of the
    customer base and compared the results to the carrying value of
    the asset groups. There was no impairment of the long-lived
    assets.
Next, in performing the goodwill impairment test, the Company
    estimated the fair value of AS NA by a combination of
    (i) estimation of the discounted cash flows based on
    projected earnings using a discount factor that reflects the
    risk inherent in the projected cash flows (the income approach)
    and (ii) analysis of comparable companies' market
    multiples (the market approach). The projected cash flows of the
    business were lower based on management's evaluation of
    year-end results and lower growth rates than those used in the
    July 1 impairment test. The projections reflect estimated growth
    rates in the recovery and managed services businesses within AS
    NA, the impact of continued investment in products, cost savings
    initiatives and capital spending assumptions associated with the
    growth in these businesses. The Company used the same
    risk-adjusted discount rate in the December 31 test as was used
    in the July 1 test. As a result, the Company determined that the
    carrying value of AS NA was in excess of its fair value. In
    completing the step two test to determine the implied fair value
    of AS NA's goodwill and therefore the amount of impairment,
    management first determined the fair value of the tangible and
    intangible assets and liabilities with the assistance of an
    external valuation firm. Based on the testing performed, the
    Company determined that the carrying value of AS NA's
    goodwill exceeded its implied fair value by $1.13 billion
    and recorded a goodwill impairment charge for this amount. The
    total remaining goodwill balance at December 31, 2009 is
    $6.18 billion.
After consideration of the AS NA impairment, the Company has two
    reporting units, including AS NA, whose goodwill balances total
    $1.13 billion at December 31, 2009, where the excess of the
    estimated fair value over the carrying value of the reporting
    unit was less than 10%. A one percentage point decrease in the
    perpetual growth rate or a one percentage point increase in the
    discount rate would cause these two reporting units to fail the
    step one test and require a step two analysis, and some or all
    of this goodwill could be impaired.
As a result of the change in the economic environment in the
    second half of 2008 and completion of the annual budgeting
    process for 2009, the Company completed an assessment of the
    recoverability of its goodwill in December 2008. In completing
    this review, the Company considered a number of factors,
    including a comparison of the budgeted revenue and profitability
    for 2009 to that included in the annual impairment test
    conducted as of July 1, 2008, and the amount by which the
    fair value of each reporting unit exceeded its carrying value in
    the 2008 impairment analysis, as well as qualitative factors
    such as the overall economy's effect on each reporting
    unit. Based on that review, the Company concluded that the
    entire enterprise did not experience a triggering event that
    would require an impairment analysis of all of the
    Company's reporting units, but that one of the PS reporting
    units required a step two test. Based on this step two test, the
    Company concluded that the decline in expected future cash flows
    of the PS reporting unit was sufficient to result in an
    impairment of goodwill of $128 million.
F-11
Table of Contents
The following table summarizes changes in goodwill by segment
    (in millions):
Cost
Accumulated Impairment
FS
HE
PS
AS
Subtotal
PS
AS
Subtotal
Total
Balance at December 31, 2007
$
2,942
$
971
$
911
$
2,262
$
7,086
$
—
$
—
$
—
$
7,086
2008 acquisitions
561
—
—
67
628
—
—
—
628
Adjustments related to the Transaction and prior year
    acquisitions
(45
)
(6
)
(3
)
(15
)
(69
)
—
—
—
(69
)
Impairment charges
—
—
—
—
—
(128
)
—
(128
)
(128
)
Effect of foreign currency translation
(27
)
—
(95
)
(67
)
(189
)
—
—
—
(189
)
Balance at December 31, 2008
3,431
965
813
2,247
7,456
(128
)
—
(128
)
7,328
2009 acquisitions
2
—
—
—
2
—
—
—
2
Adjustments related to the Transaction and prior year
    acquisitions
(9
)
(15
)
(14
)
(53
)
(91
)
—
—
—
(91
)
Impairment charges
—
—
—
—
—
—
(1,126
)
(1,126
)
(1,126
)
Effect of foreign currency translation
33
—
15
17
65
—
—
—
65
Balance at December 31, 2009
$
3,457
$
950
$
814
$
2,211
$
7,432
$
(128
)
$
(1,126
)
$
(1,254
)
$
6,178
The 2009 adjustments related to the Transaction and prior year
    acquisitions includes a $114 million adjustment to correct
    the income tax rate used to calculate the deferred tax
    liabilities associated with the intangible assets at the
    Transaction date. The adjustment was not material to prior
    periods.
Stock
    Compensation
Stock-based compensation cost is measured at the grant date
    based on the fair value of the award and is recognized as
    expense over the appropriate service period. Fair value for
    stock options is computed using the Black-Scholes pricing model.
    Determining the fair value of stock-based awards requires
    considerable judgment, including estimating the expected term of
    stock options, expected volatility of the Company's stock
    price, and the number of awards expected to be forfeited. In
    addition, for stock-based awards where vesting is dependent upon
    achieving certain operating performance goals, the Company
    estimates the likelihood of achieving the performance goals.
    Differences between actual results and these estimates could
    have a material effect on the consolidated financial results. A
    deferred income tax asset is recorded over the vesting period as
    stock compensation expense is recorded. The Company's
    ability to use the deferred tax asset is ultimately based on the
    actual value of the stock-based award upon exercise. If the
    actual value is lower than the fair value determined on the date
    of grant, there could be an income tax expense for the portion
    of the deferred tax asset that cannot be used, which could have
    a material effect on the consolidated financial results.
Income
    Taxes
The Company recognizes deferred income tax assets and
    liabilities based upon the expected future tax consequences of
    events that have been included in the financial statements or
    tax returns. Deferred income tax assets and liabilities are
    calculated based on the difference between the financial and tax
    bases of assets and liabilities using the currently enacted
    income tax rates in effect during the years in which the
    differences are expected to reverse. Valuation allowances are
    recorded to reduce deferred tax assets when it is more likely
    than not that a tax benefit will not be realized. Deferred tax
    assets for which no valuation allowance is recorded may not be
    realized upon changes in facts and circumstances. Tax benefits
    related to uncertain tax positions taken or expected to be taken
    on a tax return are recorded when such benefits meet a more
    likely than not threshold. Otherwise, these tax benefits are
    recorded when a tax position has been effectively settled, which
    means that the appropriate taxing authority has completed their
    examination even though the statute of limitations remains open,
    or the statute of limitation expires. Considerable judgment is
    required in assessing and estimating these amounts and
    differences between the actual outcome of these future tax
    consequences and estimates made could have a material effect on
    the consolidated financial results.
F-12
Table of Contents
Effect of
    Recent Accounting Pronouncements
The Financial Accounting Standards Board issued new revenue
    recognition guidance for arrangements with multiple
    deliverables. The new guidance, whose scope excludes software
    revenue recognition, modifies the fair value requirements for
    revenue recognition by providing "best estimate of selling
    price" in addition to vendor specific objective evidence,
    or "VSOE", and vendor objective evidence, now referred
    to as third-party evidence, or "TPE", for determining
    the selling price of a deliverable. Since the Company will be
    able to use an estimate of the selling price for the
    deliverables in an arrangement, all deliverables will be
    separate units of accounting, provided (a) a delivered item
    has value to the customer on a standalone basis, and (b) if
    the arrangement includes a general right of return relative to
    the delivered item, delivery or performance of the undelivered
    item is considered probable and substantially in the control of
    the Company. As a result of the requirement to use the best
    estimate of the selling price when VSOE or TPE of the selling
    price cannot be determined, the residual method is no longer
    permitted. The new guidance is effective for fiscal years
    beginning on or after June 15, 2010. The Company is
    currently evaluating the impact of this revenue guidance, but
    does not expect the guidance to have a material effect on the
    consolidated financial statements.
2.
Acquisitions:
The Company seeks to acquire businesses that broaden its
    existing product lines and service offerings by adding
    complementary products and service offerings and by expanding
    its geographic reach. During 2009, the Company completed three
    acquisitions in its FS segment. Cash paid, subject to certain
    adjustments, was $12 million.
During 2008, the Company completed four acquisitions in its FS
    segment, including GL TRADE S.A., and two in its AS segment,
    and, in 2007, the Company completed nine acquisitions in its FS
    segment and one in each of its AS and PS segments.
At December 31, 2008, the purchase price allocations for
    certain businesses acquired in 2008 were preliminary and subject
    to finalization of independent appraisals of acquired software
    and customer base assets and deferred income taxes.
At December 31, 2009, contingent purchase price obligations
    that depend upon the operating performance of four acquired
    businesses total $57 million, all of which could be due in
    the next 12 months. The amount paid, if any, will be
    recorded as an addition to goodwill at the time the actual
    performance is known and the amounts become due. There were no
    amounts earned or paid in 2007, and approximately
    $1 million was paid during each of 2008 and 2009. There
    were no amounts payable as of December 31, 2009.
Pro forma
    financial information (unaudited)
The following unaudited pro forma results of operations (in
    millions) for 2008 assumes that businesses acquired in 2008 and
    2009 occurred as of the beginning of 2008 and were reflected in
    the Company's results from that date. The pro forma effect
    of the 2009 acquisitions on 2009 was not material. For 2008, in
    addition to the businesses acquired in 2009, the pro forma
    results include the 2008 acquisitions, the more significant of
    which are GL TRADE S.A., Strohl Systems Group, Inc. and Advanced
    Portfolio Technologies, Inc. For 2007, the pro forma results
    assumes that businesses acquired in 2007 and 2008 occurred as of
    the beginning of 2007 and were reflected in the Company's
    results from that date. Also for 2007, the pro forma results
    exclude the 2009 acquisitions. This unaudited pro forma
    information should not be relied upon as necessarily being
    indicative of the historical results that would have been
    obtained if the acquisitions had actually occurred at the
    beginning of each period presented, nor of the results that may
    be obtained in the future. The pro forma adjustments include the
    effect of purchase accounting adjustments, interest expense and
    related tax effects.
2007
2008
Revenue
$
5,299
$
5,823
Net loss
(95
)
(256
)
F-13
Table of Contents
3.
Clearing
    Broker Assets and Liabilities:
Clearing broker assets and liabilities are comprised of the
    following (in millions):
December 31,
December 31,
2008
2009
Segregated customer cash and treasury bills
$
148
$
153
Securities owned
44
40
Securities borrowed
87
116
Receivables from customers and other
30
23
Clearing broker assets
$
309
$
332
Payables to customers
$
191
$
163
Securities loaned
47
95
Customer securities sold short, not yet purchased
3
9
Payable to brokers and dealers
69
27
Clearing broker liabilities
$
310
$
294
Segregated customer cash and treasury bills are held by the
    Company on behalf of customers. Clearing broker securities
    consist of trading and investment securities at fair market
    values, which are based on quoted market rates. Securities
    borrowed and loaned are collateralized financing transactions
    which are cash deposits made to or received from other
    broker/dealers. Receivables from and payables to customers
    represent amounts due or payable on cash and margin transactions.
4.
Property
    and Equipment:
Property and equipment consisted of the following (in millions):
December 31,
December 31,
2008
2009
Computer and telecommunications equipment
$
681
$
817
Leasehold improvements
565
709
Office furniture and equipment
99
120
Buildings and improvements
130
145
Land
22
22
Construction in progress
90
48
1,587
1,861
Accumulated depreciation and amortization
(689
)
(936
)
$
898
$
925
F-14
Table of Contents
5.
Debt and
    Derivative Instruments:
Debt consisted of the following (in millions):
December 31,
December 31,
2008
2009
Senior Secured Credit Facility:
Secured revolving credit facility of 3.08% and —%(A)
$
500
$
—
Term loans, tranche A, effective interest rate of 5.37% and
    3.24%(A)
4,249
1,506
Term loans, tranche B, effective interest rate of —%
    and 6.79%(A)
—
2,717
Incremental term loan, effective interest rate of 6.75% and
    6.75%(A)
499
494
Total Senior Secured Credit Facility
5,248
4,717
Senior Notes due 2009 at 3.75%(B)
250
—
Senior Notes due 2014 at 4.875%, net of discount of $20 and
    $16(B)
230
234
Senior Notes due 2013 at 9.125%(C)
1,600
1,600
Senior Subordinated Notes due 2015 at 10.25%(C)
1,000
1,000
Senior Notes due 2015 at 10.625%, net of discount of $6 and $5(C)
494
495
Secured accounts receivable facility, effective interest rate of
    —% and 7.5%(D)
—
250
Other, primarily acquisition purchase price and capital lease
    obligations
53
19
8,875
8,315
Short-term borrowings and current portion of long-term debt
(322
)
(64
)
Long-term debt
$
8,553
$
8,251
As a result of the Transaction, the Company is highly leveraged.
    Below is a summary of our debt instruments.
(A)
Senior
    Secured Credit Facilities
SunGard's senior secured credit facilities consist of
    (1) $1.43 billion of U.S. dollar-denominated
    tranche A term loans, $66 million of pound
    sterling-denominated tranche A term loans and
    $13 million of euro-denominated tranche A term loans,
    each maturing on February 28, 2014, collectively referred
    to as the unextended term loans, (2) $2.48 billion of
    U.S. dollar-denominated tranche B term loans,
    $64 million of pound sterling-denominated tranche B
    term loans and $172 million of euro-denominated tranche B
    term loans, each maturing on February 28, 2016,
    collectively referred to as the extended term loans,
    (3) $494 million of U.S. dollar-denominated
    incremental term loans maturing on February 28, 2014 and
    (4) an $829 million revolving credit facility with
    $580 million of commitments terminating on May 11,
    2013, referred to as the extended revolving credit loans, and
    $249 million of commitments terminating on August 11,
    2011, referred to as the unextended revolving credit loans. As
    of December 31, 2009, $804 million was available for
    borrowing under the revolving credit facility after giving
    effect to certain outstanding letters of credit.
Borrowings under the senior secured credit facilities bear
    interest at a rate equal to an applicable margin plus, at our
    option, either (a) a base rate that is the higher of
    (1) the prime rate of JPMorgan Chase Bank, N.A. and
    (2) the federal funds rate plus
1
/
2
of 1% or (b) LIBOR based on the costs of funds for deposits
    in the currency of such borrowing for either 30, 60, 90 or
    180 days. The applicable margin for borrowings under the
    revolving credit facility and the term loan facility may change
    subject to attaining certain leverage ratios. In addition to
    paying interest on outstanding principal under the senior
    secured credit facilities, we pay a commitment fee to the
    lenders under the revolving credit facility in respect of the
    unutilized commitments. The commitment fee rates with respect to
    unused commitments terminating in 2011 and unused commitments
    terminating in 2013 are 0.50% per annum and 0.75% per annum,
    respectively, and may change subject to attaining certain
    leverage ratios. As of December 31, 2009, the interest rate
    for the extended term loans, after
F-15
Table of Contents
adjusting for interest rate swaps, was 6.79% and for the
    unextended term loans, after adjusting for interest rate swaps,
    was 3.24%.
All obligations under the senior secured credit facilities are
    fully and unconditionally guaranteed by SunGard Holdco LLC and
    by substantially all domestic, 100% owned subsidiaries, referred
    to, collectively, as Guarantors.
SunGard is required to repay installments on the loans under the
    term loan facilities in quarterly principal amounts of 0.25% of
    their funded total principal amount through the maturity date
    for each class of term loans, at which time the remaining
    aggregate principal balance is due. Maturity dates for all our
    term loan facilities will automatically become May 15, 2013
    if the Senior Notes due 2013 are not extended, renewed or
    refinanced on or prior to May 15, 2013 and, if not already
    reset, the maturity dates for our tranche B term loan
    facilities will automatically become May 15, 2015 if the
    Senior Subordinated Notes are not extended, renewed or
    refinanced on or prior to May 15, 2015.
The senior secured credit facilities also require SunGard to
    prepay outstanding term loans, subject to certain exceptions,
    with excess cash flow and proceeds from certain asset sales,
    casualty and condemnation events, other borrowings and certain
    financings under SunGard's accounts receivable
    securitization program. Any required payments would be applied
    pro rata to the term loan lenders and to installments of the
    term loan facilities in direct order of maturity.
The senior secured credit facilities contain a number of
    covenants that, among other things, restrict, subject to certain
    exceptions, SunGard's (and most or all of its
    subsidiaries') ability to incur additional debt or issue
    preferred stock, pay dividends and distributions on or
    repurchase capital stock, create liens on assets, enter into
    sale and leaseback transactions, repay subordinated
    indebtedness, make investments, loans or advances, make capital
    expenditures, engage in certain transactions with affiliates,
    amend certain material agreements, change its lines of business,
    sell assets and engage in mergers or consolidations. In
    addition, under the senior secured credit facilities, SunGard is
    required to satisfy certain total leverage and interest coverage
    ratios. SunGard was in compliance with all covenants at
    December 31, 2009.
In February 2007 the Credit Agreement was amended to reduce the
    effective interest rates on the term loan facility, increase the
    size of that facility from $4.0 billion to
    $4.4 billion, extend the maturity by one year and change
    certain other terms. SunGard used the additional borrowings to
    redeem $400 million of senior floating rate notes that were
    due 2013. The related redemption premium of $19 million and
    write-off of approximately $9 million of deferred financing
    costs were included in other expense.
In September 2008 the Credit Agreement was amended to increase
    the amount of term loan borrowings by SunGard under the Credit
    Agreement by $500 million ("Incremental Term
    Loan"), and SunGard issued at a $6 million discount
    $500 million aggregate principal amount of
    10.625% Senior Notes due 2015, together with the
    Incremental Term Loan, to fund the acquisition of GL TRADE and
    repay $250 million of senior notes due in January 2009. The
    second amendment to the Credit Agreement in September 2008
    changed certain terms applicable to the Incremental Term Loan.
    Borrowings can be at either a Base Rate or a Eurocurrency Rate.
    Base Rate borrowings reset daily and bear interest at a minimum
    of 4.0% plus a spread of 2.75%. Eurocurrency borrowings can be
    made for periods of 30, 60, 90 or 180 days and bear
    interest at a minimum of 3.0% plus a spread of 3.75%. The
    interest rate at December 31, 2009 was 6.75%.
In June 2009 SunGard amended and restated its existing Credit
    Agreement ("Amended Credit Agreement") to
    (a) extend the maturity date of $2.5 billion of its
    U.S. dollar-denominated term loans, £40 million
    of pound sterling-denominated term loans, and
    €120 million of Euro-denominated term loans from
    February 2014 to February 2016, (b) reduce existing
    revolving credit commitments to $829 million from
    $1 billion and extend the termination date of
    $580 million of those commitments to May 2013, and
    (c) amend certain other provisions including those related
    to negative and financial covenants.
SunGard uses interest rate swap agreements to manage the amount
    of its floating rate debt in order to reduce its exposure to
    variable rate interest payments associated with the senior
    secured credit facilities. SunGard pays a stream of fixed
    interest payments for the term of the swap, and in turn,
    receives variable interest payments based on the one-month LIBOR
    rate or three-month LIBOR rate, which was 0.23% and
F-16
Table of Contents
0.25%, respectively, at December 31, 2009. The net receipt
    or payment from the interest rate swap agreements is included in
    interest expense. A summary of SunGard's interest rate
    swaps at December 31, 2009 follows:
Interest
Rate
Notional
Interest
Received
Inception
Maturity
Amount
Rate Paid
(LIBOR)
(In millions)
February 2006
February 2011
$
800
5.00
%
3-Month
January 2008
February 2011
750
3.17
%
3-Month
February 2008
February 2010
750
2.71
%
3-Month
January / February 2009
February 2012
1,200
1.78
%
1-Month
Total/Weighted Average interest rate
$
3,500
3.01
%
In early 2010, SunGard entered into three-year interest rate
    swaps that expire in May 2013 for an aggregate notional amount
    of $500 million under which we pay fixed interest payments
    (at 1.99%) for the term of the swaps, and in turn receive
    variable interest payments based on three-month LIBOR.
The interest rate swaps are designated and qualify as cash flow
    hedges and are included at estimated fair value as an asset or a
    liability in the consolidated balance sheet based on a
    discounted cash flow model using applicable market swap rates
    and certain assumptions. For 2007, 2008 and 2009, SunGard
    included an unrealized after-tax loss of $23 million, an
    unrealized after-tax loss of $39 million, and an unrealized
    after-tax gain of $18 million, respectively, in Other
    Comprehensive Income (Loss) related to the change in market
    value on the swaps. The market value of the swaps recorded in
    Other Comprehensive Income (Loss) may be recognized in the
    statement of operations if certain terms of the senior secured
    credit facilities change or if the loan is extinguished. The
    $98 million and $70 million fair value of the swap
    agreements at December 31, 2008 and 2009, respectively, is
    included in accrued expenses. The effects of the interest rate
    swaps are reflected in the effective interest rate for the
    senior secured credit facilities in the components of debt table
    above.
The table below summarizes the impact of the effective portion
    of interest rate swaps on the balance sheets and statements of
    operations for 2007, 2008 and 2009 (in millions):
Classification
2007
2008
2009
Gain (loss) recognized in Accumulated Other Comprehensive Loss
    (OCI)
OCI
$
(23
)
$
(39
)
$
18
Gain (loss) reclassified from accumulated OCI into income
Interest expense and amortization of
deferred financing fees
6
(32
)
(80
)
SunGard had no ineffectiveness related to its swap agreements.
SunGard expects to reclassify in the next twelve months
    approximately $82 million of expense from accumulated other
    comprehensive income into earnings related to SunGard's
    interest rate swaps based on the borrowing rates at
    December 31, 2009.
(B)
Senior
    Notes due 2009 and 2014
On January 15, 2004, SunGard issued $500 million of
    senior unsecured notes, of which $250 million
    3.75% notes were due and paid in full in January 2009 and
    $250 million 4.875% notes are due 2014, which are
    subject to certain standard covenants. As a result of the
    Transaction, these senior notes became collateralized on an
    equal and ratable basis with loans under the senior secured
    credit facilities and are guaranteed by all subsidiaries that
    guarantee the senior notes due 2013 and 2015 and senior
    subordinated notes due 2015. The senior notes due 2014 are
    recorded at $230 million and $234 million as of
    December 31, 2008 and 2009, respectively, reflecting the
    remaining unamortized discount caused by the Transaction. The
    $16 million discount at December 31, 2009 will be
    amortized and included in interest expense over the remaining
    periods to maturity.
F-17
Table of Contents
(C)
Senior
    Notes due 2013 and 2015 and Senior Subordinated Notes due
    2015
The senior notes due 2013 and 2015 are senior unsecured
    obligations that rank senior in right of payment to future debt
    and other obligations that are, by their terms, expressly
    subordinated in right of payment to the senior notes, including
    the senior subordinated notes. The senior notes (i) rank
    equally in right of payment to all existing and future senior
    debt and other obligations that are not, by their terms,
    expressly subordinated in right of payment to the senior notes,
    (ii) are effectively subordinated in right of payment to
    all existing and future secured debt to the extent of the value
    of the assets securing such debt, and (iii) are
    structurally subordinated to all obligations of each subsidiary
    that is not a guarantor of the senior notes. All obligations
    under the senior notes are fully and unconditionally guaranteed,
    subject to certain exceptions, by substantially all domestic,
    100% owned subsidiaries of SunGard.
The senior subordinated notes due 2015 are unsecured senior
    subordinated obligations that are subordinated in right of
    payment to the existing and future senior debt, including the
    senior secured credit facilities, the senior notes due 2009 and
    2014 and the senior notes due 2013 and 2015. The senior
    subordinated notes (i) rank equally in right of payment to
    all future senior subordinated debt, (ii) are effectively
    subordinated in right of payment to all existing and future
    secured debt to the extent of the value of the assets securing
    such debt, (iii) are structurally subordinated to all
    obligations of each subsidiary that is not a guarantor of the
    senior subordinated notes, and (iv) rank senior in right of
    payment to all future debt and other obligations that are, by
    their terms, expressly subordinated in right of payment to the
    senior subordinated notes.
The senior notes due 2013 and 2015 and senior subordinated notes
    due 2015 are redeemable in whole or in part, at SunGard's
    option, at any time at varying redemption prices that generally
    include premiums, which are defined in the applicable
    indentures. In addition, upon a change of control, SunGard is
    required to make an offer to redeem all of the senior notes and
    senior subordinated notes at a redemption price equal to 101% of
    the aggregate principal amount thereof plus accrued and unpaid
    interest.
The indentures governing the senior notes due 2013 and 2015 and
    senior subordinated notes due 2015 contain a number of covenants
    that restrict, subject to certain exceptions, SunGard's
    ability and the ability of its restricted subsidiaries to incur
    additional debt or issue certain preferred shares, pay dividends
    on or make other distributions in respect of its capital stock
    or make other restricted payments, make certain investments,
    enter into certain types of transactions with affiliates, create
    liens securing certain debt without securing the senior notes
    due 2013 and 2015 or senior subordinated notes due 2015, as
    applicable, sell certain assets, consolidate, merge, sell or
    otherwise dispose of all or substantially all of its assets and
    designate its subsidiaries as unrestricted subsidiaries.
(D)
Accounts
    Receivable Securitization Program
In December 2008, SunGard terminated its off-balance sheet
    accounts receivable securitization program. Under this accounts
    receivable facility, eligible receivables were sold to
    third-party conduits through a wholly owned, bankruptcy remote,
    special purpose entity that was not consolidated for financial
    reporting purposes. SunGard serviced the receivables and charged
    a monthly servicing fee at market rates. The third-party
    conduits were sponsored by certain lenders under SunGard's
    senior secured credit facilities. Sales of receivables under the
    facility qualified as sales under applicable accounting rules.
    Accordingly, at December 31, 2008, these receivables,
    totaling $363 million, net of applicable allowances, and
    the corresponding borrowings totaling $77 million were
    excluded from SunGard's consolidated balance sheet.
    SunGard's retained interest in receivables sold as of
    December 31, 2008 was $285 million. The loss on sale
    of receivables and discount on retained interests were included
    in other expense and totaled $29 million for 2007 and
    $25 million for 2008. The gain or loss on sale of
    receivables was determined at the date of transfer based upon
    the fair value of the assets sold and the interests retained.
    SunGard estimated fair value based on the present value of
    expected cash flows.
In March 2009, SunGard entered into a syndicated three-year
    receivables facility. The facility limit is $317 million,
    which consists of a term loan commitment of $181 million
    and a revolving commitment of $136 million. Advances may be
    borrowed and repaid under the revolving commitment with no
    impact on the facility limit. The term loan commitment may be
    repaid at any time at SunGard's option, but will result in
    a
F-18
Table of Contents
permanent reduction in the facility limit. At December 31,
    2009, $181 million was drawn against the term loan
    commitment and $69 million was drawn against the revolving
    commitment which represented the full amount available for
    borrowing based on the terms and conditions of the facility. At
    December 31, 2009, $689 million of accounts receivable
    secure the borrowings under the receivables facility.
Under the receivables facility, SunGard is generally required to
    pay interest on the amount of each advance at the one month
    LIBOR rate (with a floor of 3%) plus 4.50% per annum, which at
    December 31, 2009 was 7.5%. The facility is subject to a
    fee on the unused portion of 1.00% per annum. The receivables
    facility contains certain covenants and SunGard is required to
    satisfy and maintain specified facility performance ratios,
    financial ratios and other financial condition tests.
Future
    Maturities
At December 31, 2009, annual maturities of long-term debt
    during the next five years and thereafter are as follows (in
    millions):
2010
$
64
2011
50
2012
300
2013
1,649
2014
(1)
2,181
Thereafter
(1)
4,071
(1)
2014 includes debt discounts of $16 million.
(2)
Thereafter includes debt discounts of $5 million.
6.
Fair
    Value Measurements:
The following table summarizes assets and liabilities measured
    at fair value on a recurring basis at December 31, 2009 (in
    millions):
Fair Value Measures Using
Level 1
Level 2
Level 3
Total
Assets
Cash and cash equivalents — money market funds
$
168
$
—
$
—
$
168
Clearing broker assets — treasury bills
151
—
—
151
Clearing broker assets — securities owned
40
—
—
40
$
359
$
—
$
—
$
359
Liabilities
Clearing broker liabilities — customer securities sold
    short, not yet purchased
$
9
$
—
$
—
$
9
Interest rate swap agreements
—
70
—
70
$
9
$
70
$
—
$
79
F-19
Table of Contents
The following table summarizes assets and liabilities measured
    at fair value on a recurring basis at December 31, 2008 (in
    millions):
Fair Value Measures Using
Level 1
Level 2
Level 3
Total
Assets
Cash and cash equivalents — money market funds
$
589
$
—
$
—
$
589
Clearing broker assets — treasury bills
140
—
—
140
Clearing broker assets — securities owned
44
—
—
44
Retained interest in accounts recevable sold
—
—
285
285
$
773
$
—
$
285
$
1,058
Liabilities
Clearing broker liabilities — customer securities sold
    short, not yet purchased
$
3
$
—
$
—
$
3
Interest rate swap agreements
—
98
—
98
$
3
$
98
$
—
$
101
A Level 1 fair value measure is based upon quoted prices in
    active markets for identical assets or liabilities. A
    Level 2 fair value measure is based upon quoted prices for
    similar assets and liabilities in active markets or inputs that
    are observable. A Level 3 fair value measure is based upon
    inputs that are unobservable (for example, cash flow modeling
    inputs based on assumptions).
Cash and cash equivalents — money market funds and
    Clearing broker assets — treasury bills are recognized
    and measured at fair value in the Company's financial
    statements. Clearing broker assets and liabilities —
    securities owned and customer securities sold short, not yet
    purchased are recorded at closing exchange-quoted prices. Fair
    values of the interest rate swap agreements are calculated using
    a discounted cash flow model using observable applicable market
    swap rates and assumptions and are compared to market valuations
    obtained from brokers. During January 2009, the fair value of
    retained interest in accounts receivable sold (a Level 3
    measurement) decreased to zero due to the termination of the
    Company's off-balance sheet accounts receivable
    securitization program.
During 2009, the Company recorded impairment charges on certain
    of its FS customer base and software assets of $18 million
    and $17 million, respectively, as a result of changes to
    the cash flow projections of the applicable businesses. These
    non-recurring fair value measures are classified as Level 3
    in the fair value hierarchy and were valued using discounted
    cash flow models. The valuation inputs included estimates of
    future cash flows, expectations about possible variations in the
    amount and timing of cash flows and discount rates based on the
    risk-adjusted cost of capital.
Fair
    Value of Financial Instruments
The following table presents the carrying amounts and fair
    values of financial instruments (in millions):
December 31,
December 31,
2008
2009
Carrying
Fair
Carrying
Fair
Value
Value
Value
Value
Interest rate swap contracts
$
(98
)
$
(98
)
$
(70
)
$
(70
)
Floating rate debt
5,248
4,437
4,967
4,815
Fixed rate debt
3,627
2,903
3,348
3,507
The fair values of cash and cash equivalents, accounts
    receivable, accounts payable and accrued expenses, to the extent
    the underlying liability will be settled in cash, approximate
    carrying values because of the short-term nature of these
    instruments. The derivative financial instruments are carried at
    fair value. The fair value of SunGard's floating rate and
    fixed rate long-term debt is primarily based on market rates.
F-20
Table of Contents
7.
Stock
    Option and Award Plans and Stock-Based Compensation:
To provide long-term equity incentives following the
    Transaction, the SunGard 2005 Management Incentive Plan
    ("Plan") was established. As amended in May 2009, the
    Plan authorizes the issuance of equity subject to awards made
    under the Plan for up to 70 million shares of Class A
    common stock and 7 million shares of Class L common
    stock of SCC and 2.5 million shares of preferred stock of
    SCCII.
Under the Plan, awards of time-based and performance-based
    options have been granted to purchase "Units" in the
    Parent Companies. Each "Unit" consists of
    1.3 shares of Class A common stock and
    0.1444 shares of Class L common stock of SCC and
    0.05 shares of preferred stock of SCCII. The shares
    comprising a Unit are in the same proportion as the shares
    issued to all stockholders of the Parent Companies. Option Units
    are exercisable only for whole Units and cannot be separately
    exercised for the individual classes of stock. Beginning in
    2007, hybrid equity awards generally were granted under the
    Plan, which awards are composed of restricted stock units for
    Units ("RSUs") in the Parent Companies and options to
    purchase Class A common stock in SCC. All awards under the
    Plan are granted at fair market value on the date of grant.
Time-based options vest over five years as follows: 25% one year
    after date of grant, and 1/48th of the remaining balance
    each month thereafter for 48 months. Time-based RSUs vest
    over five years as follows: 10% one year after date of grant,
    and 1/48th of the remaining balance each month thereafter
    for 48 months. Performance-based options and RSUs are
    earned upon the attainment of certain annual or cumulative
    earnings goals based on Internal EBITA (defined as income from
    operations before amortization of acquisition-related intangible
    assets, stock compensation expense and certain other items)
    targets for the Company during a specified performance period,
    generally five or six years. During the third quarter of 2009,
    the Company amended the terms of unvested performance awards
    granted prior to 2009 by (i) reducing performance targets
    for 2009 and 2010, (ii) reducing the number of shares that
    are earned at the reduced targets, (iii) delaying vesting
    of earned shares, and, (iv) in the case of RSUs, increasing
    the length of time for distribution, or release, of vested
    awards. Excluding the 15 senior executive management award
    holders, all 290 award holders participated in the amendments.
    During the fourth quarter of 2009, senior executive
    management's performance awards were amended consistent
    with non-senior executive awards and in addition were amended to
    modify or add, as applicable, vesting on a
return-on-equity
basis terms. All amended equity awards were revalued at the
    modification dates at the respective fair market value. There
    was no expense recognized as a result of the modifications.
    Time-based and performance-based options can partially or fully
    vest upon a change of control and certain other termination
    events, subject to certain conditions, and expire ten years from
    the date of grant. Once vested, time-based and performance-based
    RSUs become payable in shares upon the first to occur of a
    change of control, separation from service without cause, or the
    date that is five years (ten years for modified
    performance-based RSUs) after the date of grant.
The total fair value of options that vested for 2007, 2008 and
    2009 was $31 million, $32 million and
    $24 million, respectively. The total fair value of RSUs
    that vested for the years 2007, 2008 and 2009 was
    $1 million, $3 million and $10 million,
    respectively. At December 31, 2008 and 2009, approximately
    163,000 and 592,000 RSU Units, respectively, were vested.
The fair value of option Units granted in each year using the
    Black-Scholes pricing model and related assumptions follow:
Year Ended December 31,
2007
2008
2009
Weighted-average fair value on date of grant
$
11.47
$
7.67
$
7.64
Assumptions used to calculate fair value:
Volatility
60
%
37
%
43
%
Risk-free interest rate
4.6
%
1.5
%
2.1
%
Expected term
5.0 years
5.0 years
5.0 years
Dividends
zero
zero
zero
F-21
Table of Contents
The fair value of Class A options granted in each year
    using the Black-Scholes pricing model and related assumptions
    follow:
Year Ended December 31,
2007
2008
2009
Weighted-average fair value on date of grant
$
1.49
$
1.73
$
0.28
Assumptions used to calculate fair value:
Volatility
79
%
84
%
81
%
Risk-free interest rate
4.1
%
2.8
%
2.3
%
Expected term
5.0 years
5.0 years
5.0 years
Dividends
zero
zero
zero
The fair value of each option award is estimated on the date of
    grant using the Black-Scholes option-pricing model. Since the
    Company is not publicly traded, the Company utilizes equity
    valuations based on (a) stock market valuations of public
    companies in comparable businesses, (b) recent transactions
    involving comparable companies and (c) any other factors
    deemed relevant. The risk-free rate for periods within the
    contractual life of the option is based on the
    U.S. Treasury yield curve in effect at the time of grant.
    Expected volatilities are based on implied volatilities from
    market comparisons of certain publicly traded companies and
    other factors. The expected term of stock options granted is
    derived from historical experience and expectations and
    represents the period of time that stock options granted are
    expected to be outstanding. The requisite service period is
    generally five years from the date of grant.
For 2007, 2008 and 2009, the Company included non-cash stock
    compensation expense of $32 million, $35 million and
    $33 million, respectively, in sales, marketing and
    administration expenses. At December 31, 2009, there is
    approximately $21 million and $40 million,
    respectively, of unearned non-cash stock-based compensation
    related to time-based options and RSUs that the Company expects
    to record as expense over a weighted average of 1.9 and
    3.8 years, respectively. In addition, at December 31,
    2009, there is approximately $67 million and
    $45 million, respectively, of unearned non-cash stock-based
    compensation related to performance-based options and RSUs that
    the Company could record as expense each over four years
    depending on the level of achievement of financial performance
    goals. Included in the performance award amounts above are
    approximately 745,000 option Units ($4.4 million), 440,000
    class A options ($0.4 million) and 175,000 RSUs
    ($3.3 million) that were earned during 2009, but that will
    vest monthly during 2010 through 2012. For time-based options
    and RSUs, compensation expense is recorded on a straight-line
    basis over the requisite service period of five years. For
    performance-based options and RSUs, recognition of compensation
    expense starts when the achievement of financial performance
    goals becomes probable, which is typically during the fourth
    fiscal quarter, and is recorded over the remaining service
    period.
F-22
Table of Contents
The following table summarizes option/RSU activity:
Units
Weighted-
Weighted-
Weighted-
Average
Average
Class A
Average
Options
Price
RSUs
Price
Options
Price
(In millions)
(In millions)
(In millions)
Outstanding at December 31, 2006
37.4
$
15.57
Granted
1.7
20.72
1.1
$
21.14
2.7
$
2.26
Exercised / released
(1.4
)
6.25
—
—
Canceled
(2.5
)
18.08
—
—
Outstanding at December 31, 2007
35.2
16.03
1.1
21.14
2.7
2.26
Granted
0.4
22.17
2.8
23.75
7.1
2.56
Exercised / released
(1.4
)
9.11
—
—
Canceled
(2.4
)
18.16
(0.2
)
22.24
(0.4
)
2.58
Outstanding at December 31, 2008
31.8
16.24
3.7
23.07
9.4
2.47
Granted
0.4
19.00
1.5
19.10
3.7
0.42
Exercised / released
(1.7
)
10.56
—
—
Canceled
(2.5
)
18.14
(0.2
)
23.36
(0.6
)
2.50
Outstanding at December 31, 2009
28.0
16.46
5.0
21.87
12.5
1.86
Shares available for grant under the 2005 plan at
    December 31, 2009 were approximately 11.2 million
    shares of Class A common stock and 1.9 million shares
    of Class L common stock of SunGard Capital Corp. and
    0.7 million shares of preferred stock of SunGard Capital
    Corp. II.
The total intrinsic value of options exercised during the years
    2007, 2008 and 2009 was $20 million, $20 million and
    $16 million, respectively.
Cash proceeds received on behalf of the Parent Companies related
    to exercises of stock options are generally used to fund
    repurchases of stock of the Parent Companies from terminated
    employees.
The following table summarizes information as of
    December 31, 2009 concerning options for Units and
    Class A shares that have vested and that are expected to
    vest in the future:
Vested and Expected to Vest
Exercisable
Weighted-Average
Weighted-Average
Number of
Remaining
Aggregate
Number of
Remaining
Aggregate
Exercise Price
Options Outstanding
Life (Years)
Intrinsic Value
Options
Life (Years)
Intrinsic Value
(In millions)
(In millions)
(In millions)
(In millions)
Units
$4.50
3.61
3.9
$
56
3.61
3.9
$
56
18.00 — 24.51
16.76
5.8
31
12.15
5.7
23
Class A Shares
0.28 — 0.44
1.88
9.6
—
0.04
9.7
—
1.41
1.02
8.9
—
0.29
8.9
—
2.22 — 3.06
4.18
8.2
—
1.72
8.2
—
8.
Savings
    Plans:
The Company and its subsidiaries maintain savings and other
    defined contribution plans that cover substantially all
    employees. Certain of these plans generally provide that
    employee contributions are matched with cash contributions by
    the Company subject to certain limitations including a
    limitation on the Company's contributions to 4% of the
    employee's compensation. Total expense under these plans
    aggregated $53 million in 2007, $58 million in 2008
    and $62 million in 2009.
F-23
Table of Contents
9.
Income
    Taxes:
The provision (benefit) for income taxes for 2007, 2008 and 2009
    consisted of the following (in millions):
2007
2008
2009
Current:
Federal
$
46
$
90
$
22
State
15
18
17
Foreign
56
38
58
117
146
97
Deferred:
Federal
(99
)
(84
)
(141
)
State
(4
)
3
3
Foreign
(17
)
(27
)
(32
)
(120
)
(108
)
(170
)
$
(3
)
$
38
$
(73
)
Income (loss) before income taxes for 2007, 2008 and 2009
    consisted of the following (in millions):
2007
2008
2009
U.S. operations
$
(195
)
$
(79
)
$
(1,251
)
Foreign operations
132
(125
)
60
$
(63
)
$
(204
)
$
(1,191
)
Differences between income tax expense (benefit) at the
    U.S. federal statutory income tax rate and the
    Company's effective income tax rate for 2007, 2008 and 2009
    were as follows (in millions):
2007
2008
2009
Tax at federal statutory rate
$
(22
)
$
(71
)
$
(417
)
State income taxes, net of federal benefit
6
15
13
Foreign taxes, net of U.S. foreign tax credit
12
28
(9
)
(1)
Tax rate changes
(4
)
—
(1
)
Goodwill impairment charge
—
45
343
Nondeductible expenses
—
4
4
Change in tax positions
—
17
(1
)
Research and development credit
—
—
(2
)
Other, net
5
—
(3
)
$
(3
)
$
38
$
(73
)
Effective income tax rate
5
%
(19
)%
6
%
(1)
Foreign taxes, net in 2009 includes a $12 million favorable
    adjustment primarily related to utilization in our 2008 U.S.
    federal income tax return of foreign tax credit carryforwards
    that were not expected to be utilized at the time of the 2008
    tax provision.
F-24
Table of Contents
Deferred income taxes are recorded based upon differences
    between financial statement and tax bases of assets and
    liabilities. Deferred tax assets and liabilities at
    December 31, 2008 and 2009 are summarized as follows (in
    millions):
December 31,
December 31,
2008
2009
Current:
Trade receivables and retained interest
$
13
$
15
Accrued Expenses, net
18
17
Total current deferred income tax asset
31
32
Valuation allowance
(9
)
(10
)
Net current deferred income tax asset
$
22
$
22
Long-term:
Property and equipment
$
51
$
36
Intangible assets
(1,766
)
(1,482
)
Net operating loss carryforwards
103
118
Other, net
71
74
Total long-term deferred income tax liability
(1,541
)
(1,254
)
Valuation allowance
(51
)
(60
)
Net long-term deferred income tax liability
$
(1,592
)
$
(1,314
)
The net operating loss carryforwards, totaling
    $2.2 billion, include: U.S. federal of
    $150 million, U.S. state of $1.8 billion, North
    and South America of $8 million and Europe and Asia of
    $197 million. These tax loss carryforwards expire between
    2010 and 2029 and utilization is limited in certain
    jurisdictions. The Company recorded the benefit of tax loss
    carryforwards of $2 million, $2 million and
    $23 million in 2007, 2008 and 2009, respectively. A
    valuation allowance for deferred income tax assets associated
    with certain net operating loss carryforwards has been
    established.
The long-term deferred tax liability associated with intangible
    assets includes a 2009 adjustment of $114 million to
    correct the income tax rate used to calculate the deferred tax
    liabilities associated with the intangible assets at the
    Transaction date. The adjustment was not material to prior
    periods.
A reconciliation of the beginning and ending amount of
    unrecognized tax benefits follows (in millions):
2007
2008
2009
Balance at beginning of year
$
28
$
20
$
38
Reductions for settled audits
(7
)
—
—
Additions for tax positions of prior years
—
17
1
Reductions for tax positions of prior years
(2
)
—
(4
)
Additions for tax positions of current year
—
—
5
Settlements for tax positions of prior years
—
—
(3
)
Additions for incremental interest
1
1
1
Balance at end of year
$
20
$
38
$
38
Included in the balance of unrecognized tax benefits at
    December 31, 2009 is approximately $3 million (net of
    federal and state benefit) of accrued interest and penalties.
    The Company recognizes interest and penalties related to
    uncertain tax positions in income tax expense.
The Company is currently under audit by the Internal Revenue
    Service for the calendar years 2003 through 2008 and various
    state and foreign jurisdiction tax years remain open to
    examination as well. At any
F-25
Table of Contents
time some portion of the Company's operations are under
    audit. Accordingly, certain matters may be resolved within the
    next 12 months which could result in a change in the
    liability.
As of December 31, 2009, the Company has not accrued
    deferred U.S. income taxes on $290 million of
    unremitted earnings from
non-U.S. subsidiaries
as such earnings are reinvested overseas and used for foreign
    debt service. If all of these earnings were to be repatriated at
    one time, the incremental U.S. tax is estimated to be
    $39 million.
10.
Segment
    Information:
The Company has four segments:  FS, HE and PS, which
    together form the Company's Software & Processing
    Solutions business, and AS. FS primarily serves financial
    services companies through a broad range of complementary
    software solutions that process their investment and trading
    transactions. The principal purpose of most of these systems is
    to automate the many detailed processes associated with trading
    securities, managing investment portfolios and accounting for
    investment assets.
HE primarily provides software, strategic and systems
    integration consulting, and technology management services to
    colleges and universities.
PS primarily provides software and processing solutions designed
    to meet the specialized needs of local, state, federal and
    central governments, public safety and justice agencies, public
    schools, utilities, non-profits and other public sector
    institutions.
AS helps its customers maintain access to the information and
    computer systems they need to run their businesses by providing
    them with cost-effective resources to keep their IT systems
    reliable and secure. AS offers a complete range of availability
    services, including recovery services, managed services,
    consulting services and business continuity management software.
The Company evaluates the performance of its segments based on
    operating results before interest, income taxes, goodwill
    impairment, amortization of acquisition-related intangible
    assets, stock compensation and certain other costs. The
    operating results for each segment follow (in millions):
Total Operating
Corporate and
Consolidated
2007
FS
HE
PS
AS
Segments
Other Items
Total
Revenue
$
2,500
$
543
$
410
$
1,448
$
4,901
$
—
$
4,901
Depreciation and amortization
59
8
9
175
251
—
251
Income from operations
525
143
84
428
1,180
(549
)
(1)
631
Cash paid for property and equipment and software
87
21
10
189
307
—
307
F-26
Table of Contents
Total Operating
Corporate and
Consolidated
2008
FS
HE
PS
AS
Segments
Other Items
Total
Revenue
$
3,078
$
540
$
411
$
1,567
$
5,596
$
—
$
5,596
Depreciation and amortization
70
10
9
189
278
—
278
Income from operations
608
130
79
443
1,260
(790
)
(1)
470
Total assets
8,998
2,062
1,362
6,646
19,068
(3,290
)
(2)
15,778
Cash paid for property and equipment and software
91
24
8
269
392
—
392
Total Operating
Corporate and
Consolidated
2009
FS
HE
PS
AS
Segments
Other Items
Total
Revenue
$
3,068
$
526
$
397
$
1,517
$
5,508
$
—
$
5,508
Depreciation and amortization
77
13
9
192
291
—
291
Income from operations
618
138
77
380
1,213
(1,789
)
(1)
(576
)
Total assets
8,605
2,086
1,353
5,695
17,739
(3,759
)
(2)
13,980
Cash paid for property and equipment and software
82
8
15
222
327
—
327
(1)
Includes corporate administrative expenses, goodwill impairment,
    stock compensation expense, management fees paid to the
    Sponsors, merger costs and certain other items, and amortization
    of acquisition-related intangible assets of $438 million,
    $515 million and $540 million in the years ended
    December 31, 2007, 2008 and 2009, respectively.
(2)
Includes items that are eliminated in consolidation and deferred
    income taxes.
Amortization of acquisition-related intangible assets by segment
    follows (in millions):
Total Operating
Consolidated
FS
HE
PS
AS
Segments
Corporate
Total
2007
238
(1)
35
40
122
435
3
438
2008
286
(2)
34
62
(2)
129
511
4
515
2009
303
(3)
33
32
170
538
2
540
(1)
Includes approximately $10 million of impairment charges
    related to software, customer base and goodwill.
(2)
Includes the combined effect of approximately $67 million
    of impairment charges related to software and customer base
    affecting both FS and PS.
(3)
Includes approximately $35 million of impairment charges
    related to software and customer base.
F-27
Table of Contents
The FS segment is organized to align with customer-facing
    business areas. FS revenue by business area follows (in
    millions):
2007
2008
2009
Trading Systems
$
459
$
806
$
787
Wealth Management
533
526
437
Capital Markets
321
333
290
Global Trading
—
76
280
Brokerage & Clearance
251
264
279
Institutional Asset Management
216
235
211
Corporations
185
198
183
Banks
162
170
168
All other
373
470
433
Total Financial Systems
$
2,500
$
3,078
$
3,068
The Company's revenue by customer location follows (in
    millions):
Year Ended December 31,
2007
2008
2009
United States
$
3,426
$
3,952
$
3,835
International:
United Kingdom
635
639
590
Continental Europe
511
609
598
Canada
133
169
158
Asia/Pacific
83
104
188
Other
113
123
139
1,475
1,644
1,673
$
4,901
$
5,596
$
5,508
The Company's property and equipment by geographic location
    follows (in millions):
December 31,
December 31,
2008
2009
United States
$
628
$
614
International:
United Kingdom
166
192
Continental Europe
58
64
Canada
35
44
Asia/Pacific
10
10
Other
1
1
270
311
$
898
$
925
11.
Related
    Party Transactions:
SunGard is required to pay management fees to affiliates of the
    Sponsors in connection with management consulting services
    provided to SunGard and the Parent Companies. These services
    include financial, managerial and operational advice and
    implementation strategies for improving the operating, marketing
    and financial performance of SunGard and its subsidiaries. The
    management fees are equal to 1% of quarterly
F-28
Table of Contents
Adjusted EBITDA, defined as earnings before interest, taxes,
    depreciation and amortization, further adjusted to exclude
    unusual items and other adjustments as defined in the management
    agreement, and are payable quarterly in arrears. In addition,
    these affiliates of the Sponsors may be entitled to additional
    fees in connection with certain financing, acquisition,
    disposition and change in control transactions. For the years
    ended December 31, 2007, 2008 and 2009, SunGard recorded
    $17 million, $23 million and $15 million,
    respectively, relating to management fees in sales, marketing
    and administration expenses in the statement of operations, of
    which $10 million and $4 million, respectively, is
    included in other accrued expenses at December 31, 2008 and
    2009, respectively.
Two of the Company's Sponsors, Goldman Sachs &
    Co. and Kohlberg Kravis Roberts & Co.,
and/or
their
    respective affiliates served as co-managers in connection with
    SunGard's 2008 debt offering of $500 million Senior
    Notes due 2015 and $500 million Incremental Term Loan. In
    connection with serving in such capacity, Goldman
    Sachs & Co. and Kohlberg Kravis Roberts &
    Co. were paid $26 million and $4 million,
    respectively, for customary fees and expenses.
In connection with the Transaction, SCC received a
    $16 million promissory note from the Company's Chief
    Executive Officer (CEO) in payment for 1.6 million shares
    of Class A common stock and 0.2 million shares of
    Class L common stock and SCCII received a $6 million
    promissory note (together with the SCC note, the
    "Notes") from the CEO in payment for 61 thousand
    shares of preferred stock. In 2007, these notes were fully
    repaid and cancelled. The Notes bore interest at a floating rate
    equal to LIBOR plus 2.5% divided by 0.84725 per annum and were
    payable on the last day of each calendar quarter in arrears.
12.
Commitments,
    Contingencies and Guarantees:
The Company leases a substantial portion of its computer
    equipment and facilities under operating leases. The
    Company's leases are generally non-cancelable or cancelable
    only upon payment of cancellation fees. All lease payments are
    based on the passage of time, but include, in some cases,
    payments for insurance, maintenance and property taxes. There
    are no bargain purchase options on operating leases at favorable
    terms, but most facility leases have one or more renewal options
    and have either fixed or Consumer Price Index escalation
    clauses. Certain facility leases include an annual escalation
    for increases in utilities and property taxes. In addition,
    certain facility leases are subject to restoration clauses,
    whereby the facility may need to be restored to its original
    condition upon termination of the lease. There were
    $30 million of restoration liabilities included in accrued
    expenses at December 31, 2009.
Future minimum rentals under operating leases with initial or
    remaining non-cancelable lease terms in excess of one year at
    December 31, 2009 follow (in millions):
2010
$
211
2011
181
2012
157
2013
135
2014
118
Thereafter
571
$
1,373
Rent expense aggregated $208 million in 2007,
    $226 million in 2008 and $242 million in 2009.
At December 31, 2009, the Company had outstanding letters
    of credit and bid bonds of $39 million, issued primarily as
    security for performance under certain customer contracts. In
    connection with certain previously acquired businesses, up to
    $57 million could be paid as additional consideration
    depending on the future operating results of those businesses
    (see Note 2).
In the event that the management agreement described in
    Note 13 is terminated by the Sponsors (or their affiliates)
    or SunGard and its Parent Companies, the Sponsors (or their
    affiliates) will receive a lump sum payment equal to the present
    value of the annual management fees that would have been payable
    for the
F-29
Table of Contents
remainder of the term of the management agreement. The initial
    term of the management agreement is ten years, and it extends
    annually for one year unless the Sponsors (or their affiliates)
    or SunGard and its Parent Companies provide notice to the other.
    The initial ten year term expires August 11, 2015.
The Company is presently a party to certain lawsuits arising in
    the ordinary course of its business. In the opinion of
    management, none of its current legal proceedings will be
    material to the Company's business or financial results.
    The Company's customer contracts generally include typical
    indemnification of customers, primarily for intellectual
    property infringement claims. Liabilities in connection with
    such obligations have not been material.
13.
Quarterly
    Financial Data (unaudited):
First
Second
Third
Fourth
Quarter
Quarter
Quarter
Quarter
2008
Revenue
$
1,302
$
1,357
$
1,394
$
1,543
Gross
    profit
(1)
659
704
666
823
Income (loss) before income taxes
(40
)
2
(26
)
(140
)
(2)
Net income (loss)
(22
)
2
(35
)
(187
)
(2)
2009
Revenue
$
1,335
$
1,369
$
1,337
$
1,467
Gross
    profit
(1)
644
664
695
796
Income (loss) before income taxes
(43
)
(7
)
(43
)
(1,098
)
(4)
Net income (loss)
(34
)
(7
)
(40
)
(3)
(1,037
)
(4)
(1)
Gross profit equals revenue less cost of sales and direct
    operating expenses.
(2)
Includes pre-tax goodwill impairment charge of $128 million
    and an $8 million charge to correct previously reported
    loss on sale of receivables in connection with the
    Company's accounts receivable securitization program, which
    was terminated in December 2008.
(3)
Includes a $12 million favorable adjustment primarily
    related to utilization in our 2008 U.S. federal income tax
    return of foreign tax credit carryforwards that were not
    expected to be utilized at the time of the 2008 tax provision.
(4)
Includes pre-tax goodwill impairment charge of
    $1.13 billion.
14.
Supplemental
    Guarantor Condensed Consolidating Financial
    Statements:
On August 11, 2005, in connection with the Transaction,
    SunGard issued $3.0 billion aggregate principal amount of
    senior notes and senior subordinated notes, $2.6 billion of
    which was outstanding at December 31, 2009, as described in
    Note 5. On September 29, 2008, SunGard issued
    $500 million aggregate principal amount of senior notes due
    2015, all of which was outstanding at December 31, 2009.
    The senior notes are jointly and severally, fully and
    unconditionally guaranteed on a senior unsecured basis and the
    senior subordinated notes are jointly and severally, fully and
    unconditionally guaranteed on an unsecured senior subordinated
    basis, in each case, subject to certain exceptions, by
    substantially all wholly owned, domestic subsidiaries of SunGard
    (collectively, the "Guarantors"). Each of the
    Guarantors is 100% owned, directly or indirectly, by SunGard.
    None of the other subsidiaries of SunGard, either direct or
    indirect, nor any of the Holding Companies, guarantee the senior
    notes and senior subordinated notes
    ("Non-Guarantors"). The Guarantors also
    unconditionally guarantee the senior secured credit facilities,
    described in Note 5.
F-30
Table of Contents
The following tables present the financial position, results of
    operations and cash flows of SunGard (referred to as
    "Parent Company" for purposes of this note only), the
    Guarantor subsidiaries, the Non-Guarantor subsidiaries and
    Eliminations as of December 31, 2008 and 2009, and for the
    years ended December 31, 2007, 2008 and 2009 to arrive at
    the information for SunGard on a consolidated basis. SCC and
    SCCII are neither parties nor guarantors to the debt issued as
    described in Note 5.
Supplemental Condensed Consolidating Balance Sheet
December 31, 2008
Parent
Guarantor
Non-Guarantor
Company
Subsidiaries
Subsidiaries
Eliminations
Consolidated
(In millions)
Assets
Current:
Cash and cash equivalents
$
511
$
16
$
448
$
—
$
975
Intercompany balances
(5,192
)
5,268
(76
)
—
—
Trade receivables, net
(1
)
406
377
—
782
Prepaid expenses, taxes and other current assets
1,680
75
660
(1,677
)
738
Total current assets
(3,002
)
5,765
1,409
(1,677
)
2,495
Property and equipment, net
1
619
278
—
898
Intangible assets, net
178
4,106
773
—
5,057
Intercompany balances
967
(720
)
(247
)
—
—
Goodwill
—
6,146
1,182
—
7,328
Investment in subsidiaries
13,686
2,298
—
(15,984
)
—
Total Assets
$
11,830
$
18,214
$
3,395
$
(17,661
)
$
15,778
Liabilities and Stockholder's Equity
Current:
Short-term and current portion of long-term debt
$
295
$
9
$
18
$
—
$
322
Accounts payable and other current liabilities
319
2,611
995
(1,677
)
2,248
Total current liabilities
614
2,620
1,013
(1,677
)
2,570
Long-term debt
8,227
9
317
—
8,553
Intercompany debt
(8
)
416
(162
)
(246
)
—
Deferred income taxes
(66
)
1,483
175
—
1,592
Total liabilities
8,767
4,528
1,343
(1,923
)
12,715
Total stockholder's equity
3,063
13,686
2,052
(15,738
)
3,063
Total Liabilities and Stockholder's Equity
$
11,830
$
18,214
$
3,395
$
(17,661
)
$
15,778
F-31
Table of Contents
Supplemental Condensed Consolidating Balance Sheet
December 31, 2009
Parent
Guarantor
Non-Guarantor
Company
Subsidiaries
Subsidiaries
Eliminations
Consolidated
(In millions)
Assets
Current:
Cash and cash equivalents
$
126
$
(9
)
$
547
$
—
$
664
Intercompany balances
(6,563
)
5,787
776
—
—
Trade receivables, net
—
734
402
—
1,136
Prepaid expenses, taxes and other current assets
2,017
77
417
(1,968
)
543
Total current assets
(4,420
)
6,589
2,142
(1,968
)
2,343
Property and equipment, net
1
603
321
—
925
Intangible assets, net
164
3,756
614
—
4,534
Intercompany balances
961
(691
)
(270
)
—
—
Goodwill
—
4,895
1,283
—
6,178
Investment in subsidiaries
13,394
2,490
—
(15,884
)
—
Total Assets
$
10,100
$
17,642
$
4,090
$
(17,852
)
$
13,980
Liabilities and Stockholder's Equity
Current:
Short-term and current portion of long-term debt
$
45
$
7
$
12
$
—
$
64
Accounts payable and other current liabilities
272
2,901
1,079
(1,968
)
2,284
Total current liabilities
317
2,908
1,091
(1,968
)
2,348
Long-term debt
7,687
3
561
—
8,251
Intercompany debt
82
103
(31
)
(154
)
—
Deferred income taxes
(53
)
1,234
133
—
1,314
Total liabilities
8,033
4,248
1,754
(2,122
)
11,913
Total stockholder's equity
2,067
13,394
2,336
(15,730
)
2,067
Total Liabilities and Stockholder's Equity
$
10,100
$
17,642
$
4,090
$
(17,852
)
$
13,980
F-32
Table of Contents
Supplemental
    Condensed Consolidating Schedule of Operations
Year Ended December 31, 2007
Parent
Guarantor
Non-Guarantor
Company
Subsidiaries
Subsidiaries
Eliminations
Consolidated
(In millions)
Total revenue
$
—
$
3,436
$
1,610
$
(145
)
$
4,901
Costs and expenses:
Cost of sales and direct operating
—
1,546
867
(145
)
2,268
Sales, marketing and administration
124
546
372
—
1,042
Product development
—
173
98
—
271
Depreciation and amortization
—
184
67
—
251
Amortization of acquisition-related intangible assets
4
363
71
—
438
128
2,812
1,475
(145
)
4,270
Income (loss) from operations
(128
)
624
135
—
631
Net interest income (expense)
(606
)
(70
)
50
—
(626
)
Other income (expense)
403
59
(43
)
(487
)
(68
)
Income (loss) before income taxes
(331
)
613
142
(487
)
(63
)
Benefit from (provision for) income taxes
271
(181
)
(87
)
—
3
Net income (loss)
$
(60
)
$
432
$
55
$
(487
)
$
(60
)
Supplemental
    Condensed Consolidating Schedule of Operations
Year Ended December 31, 2008
Parent
Guarantor
Non-Guarantor
Company
Subsidiaries
Subsidiaries
Eliminations
Consolidated
(In millions)
Total revenue
$
—
$
3,540
$
2,149
$
(93
)
$
5,596
Costs and expenses:
Cost of sales and direct operating
—
1,558
1,279
(93
)
2,744
Sales, marketing and administration
111
583
457
—
1,151
Product development
—
183
125
—
308
Depreciation and amortization
—
205
73
—
278
Amortization of acquisition-related intangible assets
4
373
138
—
515
Goodwill impairment charge and merger costs
1
1
128
—
130
116
2,903
2,200
(93
)
5,126
Income (loss) from operations
(116
)
637
(51
)
—
470
Net interest income (expense)
(533
)
(18
)
(30
)
—
(581
)
Other income (expense)
173
(209
)
(72
)
15
(93
)
Income (loss) before income taxes
(476
)
410
(153
)
15
(204
)
Benefit from (provision for) income taxes
234
(212
)
(60
)
—
(38
)
Net income (loss)
$
(242
)
$
198
$
(213
)
$
15
$
(242
)
F-33
Table of Contents
Supplemental
    Condensed Consolidating Schedule of Operations
    (Successor)
Year Ended December 31, 2009
Parent
Guarantor
Non-Guarantor
Company
Subsidiaries
Subsidiaries
Eliminations
Consolidated
(In millions)
Total revenue
$
—
$
3,429
$
2,182
$
(103
)
$
5,508
Costs and expenses:
Cost of sales and direct operating
—
1,462
1,350
(103
)
2,709
Sales, marketing and administration
98
593
421
—
1,112
Product development
—
166
136
—
302
Depreciation and amortization
—
214
77
—
291
Amortization of acquisition-related intangible assets
2
404
134
—
540
Goodwill impairment charge and merger costs
1
1,126
3
—
1,130
101
3,965
2,121
(103
)
6,084
Income (loss) from operations
(101
)
(536
)
61
—
(576
)
Net interest income (expense)
(547
)
(48
)
(35
)
—
(630
)
Other income (expense)
(707
)
(21
)
11
732
15
Income (loss) before income taxes
(1,355
)
(605
)
37
732
(1,191
)
Benefit from (provision for) income taxes
237
(101
)
(63
)
—
73
Net income (loss)
$
(1,118
)
$
(706
)
$
(26
)
$
732
$
(1,118
)
F-34
Table of Contents
Supplemental
    Condensed Consolidating Schedule of Cash Flows
Year Ended December 31, 2007
Parent
Guarantor
Non-Guarantor
Company
Subsidiaries
Subsidiaries
Eliminations
Consolidated
(In millions)
Cash flow from operations
Net income (loss)
$
(60
)
$
432
$
55
$
(487
)
$
(60
)
Non cash adjustments
(368
)
403
139
487
661
Changes in operating assets and liabilities
(793
)
854
39
—
100
Cash flow provided by (used in) operations
(1,221
)
1,689
233
—
701
Investment activities
Intercompany transactions
1,219
(1,222
)
3
—
—
Cash paid for acquired businesses, net of cash acquired
—
(237
)
(28
)
—
(265
)
Cash paid for property and equipment and software
—
(211
)
(96
)
—
(307
)
Other investing activities
2
6
—
—
8
Cash provided by (used in) investment activities
1,221
(1,664
)
(121
)
—
(564
)
Financing activities
Net repayments of long-term debt
(17
)
(4
)
(11
)
—
(32
)
Cash used in financing activities
(17
)
(4
)
(11
)
—
(32
)
Effect of exchange rate changes on cash
—
—
6
—
6
Increase (decrease) in cash and cash equivalents
(17
)
21
107
—
111
Beginning cash and cash equivalents
56
(19
)
279
—
316
Ending cash and cash equivalents
$
39
$
2
$
386
$
—
$
427
F-35
Table of Contents
Supplemental
    Condensed Consolidating Schedule of Cash Flows
Year Ended December 31, 2008
Parent
Guarantor
Non-Guarantor
Company
Subsidiaries
Subsidiaries
Eliminations
Consolidated
(In millions)
Cash flow from operations
Net income (loss)
$
(242
)
$
198
$
(213
)
$
15
$
(242
)
Non cash adjustments
(128
)
720
358
(15
)
935
Changes in operating assets and liabilities
(672
)
462
(98
)
—
(308
)
Cash flow provided by (used in) operations
(1,042
)
1,380
47
—
385
Investment activities
Intercompany transactions
141
(439
)
298
—
—
Cash paid for acquired businesses, net of cash acquired
—
(657
)
(64
)
—
(721
)
Cash paid for property and equipment and software
1
(261
)
(132
)
—
(392
)
Other investing activities
4
(12
)
12
—
4
Cash provided by (used in) investment activities
146
(1,369
)
114
—
(1,109
)
Financing activities
Net borrowings (repayments) of long-term debt
1,390
3
(68
)
—
1,325
Other financing activities
(22
)
—
—
—
(22
)
Cash provided by (used in) financing activities
1,368
3
(68
)
—
1,303
Effect of exchange rate changes on cash
—
—
(31
)
—
(31
)
Increase in cash and cash equivalents
472
14
62
—
548
Beginning cash and cash equivalents
39
2
386
—
427
Ending cash and cash equivalents
$
511
$
16
$
448
$
—
$
975
F-36
Table of Contents
Supplemental
    Condensed Consolidating Schedule of Cash Flows
Year Ended December 31, 2009
Parent
Guarantor
Non-Guarantor
Company
Subsidiaries
Subsidiaries
Eliminations
Consolidated
(In millions)
Cash flow from operations
Net income (loss)
$
(1,118
)
$
(706
)
$
(26
)
$
732
$
(1,118
)
Non cash adjustments
776
1,646
158
(732
)
1,848
Changes in operating assets and liabilities
(334
)
(115
)
358
—
(91
)
Cash flow provided by (used in) operations
(676
)
825
490
—
639
Investment activities
Intercompany transactions
1,138
(598
)
(540
)
—
—
Cash paid for acquired businesses, net of cash acquired
—
(13
)
—
—
(13
)
Cash paid for property and equipment and software
—
(231
)
(96
)
—
(327
)
Other investing activities
—
—
7
—
7
Cash provided by (used in) investment activities
1,138
(842
)
(629
)
—
(333
)
Financing activities
Net repayments of long-term debt
(844
)
(8
)
227
—
(625
)
Other financing activities
(3
)
—
—
—
(3
)
Cash provided by (used in) financing activities
(847
)
(8
)
227
—
(628
)
Effect of exchange rate changes on cash
—
—
11
—
11
Increase (decrease) in cash and cash equivalents
(385
)
(25
)
99
—
(311
)
Beginning cash and cash equivalents
511
16
448
—
975
Ending cash and cash equivalents
$
126
$
(9
)
$
547
$
—
$
664
F-37
Table of Contents
SunGard Data Systems
    Inc.
9
1
/
8
Senior Notes due 2013
10
5
/
8
Senior Notes due 2015
10
1
/
4
Senior Subordinated Notes due 2015
PROSPECTUS
,
    2009
Table of Contents
PART II
INFORMATION
    NOT REQUIRED IN PROSPECTUS
Item 13.
Other
    Expenses of Issuance and Distribution.
Each of the registration rights agreements relating to the
    securities of the Registrants being registered hereby provides
    that SunGard Data Systems Inc. will bear all expenses in
    connection with the performance of its obligations relating to
    the market-making activities of Goldman, Sachs & Co.
    and its affiliates. These expenses include printer expenses and
    accounting and legal fees in an approximate amount of $115,000.
Item 14.
Indemnification
    of Directors and Officers.
(a) SunGard Data Systems Inc., Advanced Portfolio
    Technologies, Inc., GL Trade Overseas, Inc., Online Securities
    Processing Inc., SRS Development Inc., SunGard Asia Pacific
    Inc., SunGard Availability Services, Ltd., SunGard Development
    Corporation, SunGard DIS Inc., SunGard Energy Systems Inc.,
    SunGard Higher Education Inc., SunGard Higher Education Managed
    Services Inc., SunGard iWORKS P&C (US) Inc., SunGard
    NetWork Solutions Inc., SunGard SAS Holdings Inc., SunGard
    Software Inc. and SunGard VeriCenter Inc. are each incorporated
    under the laws of Delaware.
Section 145 of the Delaware General Corporation Law (the
    "DGCL") grants each corporation organized thereunder
    the power to indemnify any person who is or was a director,
    officer, employee or agent of a corporation or enterprise,
    against expenses, including attorneys' fees, judgments,
    fines and amounts paid in settlement actually and reasonably
    incurred by him in connection with any threatened, pending or
    completed action, suit or proceeding, whether civil, criminal,
    administrative or investigative, other than an action by or in
    the right of the corporation, by reason of being or having been
    in any such capacity, if he acted in good faith in a manner
    reasonably believed to be in, or not opposed to, the best
    interests of the corporation, and, with respect to any criminal
    action or proceeding, had no reasonable cause to believe his
    conduct was unlawful.
Section 102(b)(7) of the DGCL enables a corporation in its
    certificate of incorporation or an amendment thereto to
    eliminate or limit the personal liability of a director to the
    corporation or its stockholders of monetary damages for
    violations of the directors' fiduciary duty of care, except
    (i) for any breach of the director's duty of loyalty
    to the corporation or its stockholders, (ii) for acts or
    omissions not in good faith or that involve intentional
    misconduct or a knowing violation of law, (iii) pursuant to
    Section 174 of the DGCL (providing for liability of
    directors for unlawful payment of dividends or unlawful stock
    purchases or redemptions) or (iv) for any transaction from
    which a director derived an improper personal benefit.
In accordance with these provisions, the articles of
    incorporation
and/or
the
    bylaws of SunGard Data Systems Inc. and each of SunGard Data
    Systems Inc.'s guarantors incorporated in Delaware and
    listed above provide for indemnification of any person who is,
    was or shall be a director, officer, employee or agent of the
    corporation, to the full extent permitted by the DGCL, as
    amended from time to time.
(b) Automated Securities Clearance LLC, SunGard Ambit LLC,
    Inflow LLC, SIS Europe Holdings LLC, SunGard Business Systems
    LLC, SunGard Computer Services LLC, SunGard Consulting Services
    LLC, SunGard CSA LLC, SunGard eProcess Intelligence LLC, SunGard
    Financial Systems LLC, SunGard Investment Systems LLC, SunGard
    Investment Ventures LLC, SunGard iWORKS LLC, SunGard Kiodex LLC,
    SunGard Reference Data Solutions LLC, SunGard Securities Finance
    LLC, SunGard Securities Finance International LLC, SunGard
    Shareholder Systems LLC, SunGard Technology Services LLC and
    SunGard Workflow Solutions LLC are each limited liability
    companies organized under the laws of Delaware.
Section 18-108
of the Delaware Limited Liability Company Act empowers a
    Delaware limited liability company to indemnify and hold
    harmless any member or manager of the limited liability company
    from and against any and all claims and demands whatsoever.
In accordance with these provisions, the Limited Liability
    Company Agreements of Automated Securities Clearance LLC,
    SunGard Ambit LLC, Inflow LLC, SIS Europe Holdings LLC, SunGard
    Business Systems LLC, SunGard Computer Services LLC, SunGard
    Consulting Services LLC, SunGard CSA LLC, SunGard
II-1
Table of Contents
eProcess Intelligence LLC, SunGard Financial Systems LLC,
    SunGard Investment Systems LLC, SunGard Investment Ventures LLC,
    SunGard iWORKS LLC, SunGard Kiodex LLC, SunGard Reference Data
    Solutions LLC, SunGard Securities Finance LLC, SunGard
    Securities Finance International LLC, SunGard Shareholder
    Systems LLC, SunGard Technology Services LLC and SunGard
    Workflow Solutions LLC state that the company shall indemnify,
    defend and hold harmless the member and any director, officer,
    partner, stockholder, controlling person or employee of the
    member, each member of the board of managers and any person
    serving at the request of the company from any liability, loss
    or damage incurred by the indemnified party by reason of any act
    performed or omitted to be performed by the indemnified party in
    connection with the business of the company including reasonable
    attorneys' fees and costs and any amounts expended in the
    settlement of any such claims of liability, loss or damage;
    provided however, that if the liability, loss, damage or claim
    arises out of any action or inaction of an indemnified party,
    indemnification shall be available only if (a) either
    (i) the indemnified party, at the time of such action or
    inaction determined in good faith that its, his or her course of
    conduct was in, or not opposed to, the best interests of the
    company or (ii) in the case of inaction by the indemnified
    party, the indemnified party did not intend its, his or her
    inaction to be harmful or opposed to the best interests of the
    company and (b) the action or inaction did not constitute
    fraud, gross negligence or willful misconduct by the indemnified
    party.
(c) SunGard AvantGard LLC is a limited liability company
    organized under the laws of California.
Under Section 17153 of the California Limited Liability
    Company Act, except for a breach of duty, the articles of
    organization or written operating agreement of a limited
    liability company may provide for indemnification of any person,
    including, without limitation, any manager, member, officer,
    employee or agent of the limited liability company, against
    judgments, settlements, penalties, fines or expenses of any kind
    incurred as a result of acting in that capacity. A limited
    liability company shall have the power to purchase and maintain
    insurance on behalf of any manager, member, officer, employee or
    agent of the limited liability company against any liability
    asserted against on incurred by the person in that capacity or
    arising out of the person's status as a manager, member,
    officer, employee or agent of the limited liability company.
The Limited Liability Company Agreement of SunGard AvantGard LLC
    states that the company shall indemnify, defend and hold
    harmless the member and any director, officer, partner,
    stockholder, controlling person or employee of the member, each
    member of the board of managers and any person serving at the
    request of the company from any liability, loss or damage
    incurred by the indemnified party by reason of any act performed
    or omitted to be performed by the indemnified party in
    connection with the business of the company including reasonable
    attorneys' fees and costs and any amounts expended in the
    settlement of any such claims of liability, loss or damage;
    provided however, that if the liability, loss, damage or claim
    arises out of any action or inaction of an indemnified party,
    indemnification shall be available only if (a) either
    (i) the indemnified party, at the time of such action or
    inaction determined in good faith that its, his or her course of
    conduct was in, or not opposed to, the best interests of the
    company or (ii) in the case of inaction by the indemnified
    party, the indemnified party did not intend its, his or her
    inaction to be harmful or opposed to the best interests of the
    company and (b) the action or inaction did not constitute
    fraud, gross negligence or willful misconduct by the indemnified
    party.
(d) SunGard Public Sector Inc. is incorporated under the
    laws of Florida.
Section 607.0850 of the Florida Business Corporation Act,
    as amended ("FBCA"), grants a corporation organized
    thereunder the authority to indemnify each of its directors and
    officers in connection with actions, suits and proceedings
    brought against such person if he or she acted in good faith and
    in a manner which he or she reasonably believed to be in, or not
    opposed to, the best interests of the corporation and, with
    respect to any criminal actions, had no reasonable cause to
    believe his or her conduct was unlawful. Unless pursuant to a
    determination by a court, the determination of whether a
    director, officer or employee has acted in accordance with the
    applicable standard of conduct must be made by (i) a
    majority vote of directors who were not parties to the
    proceeding or a committee consisting solely of two or more
    directors not parties to the proceeding, (ii) independent
    legal counsel selected by a majority vote of the directors who
    were not parties to the proceeding or by a committee of
    directors duly designated by the board of directors consisting
    solely of two or more directors not at the time parties to the
    proceeding (or selected by the full board if a quorum or
II-2
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committee cannot be obtained), or (iii) the affirmative
    vote of the majority of the corporation's shareholders who
    were not parties to the proceeding.
The FBCA further provides that a corporation may make any other
    or further indemnity by resolution, bylaw, agreement, vote of
    shareholders or disinterested directors or otherwise, except
    with respect to certain enumerated acts or omissions of such
    persons. Florida law prohibits indemnification or advancement of
    expenses if a judgment or other final adjudication establishes
    that the actions of a director, officer or employee constitute
    (i) a violation of criminal law, unless the person had
    reasonable cause to believe his or her conduct was lawful,
    (ii) a transaction from which such person derived an
    improper personal benefit, (iii) willful misconduct or
    conscious disregard for the best interests of the corporation in
    the case of a derivative action by a shareholder or (iv) in
    the case of a director, a circumstance under which a director
    would be liable for improper distributions under
    Section 607.0834 of the FBCA. The FBCA does not affect a
    director's responsibilities under any other law, such as
    federal securities laws.
The articles of incorporation
and/or
the
    by-laws of the corporation provides that the corporation will
    indemnify any and all persons whom it has the power to indemnify
    from and against any and all of the expenses, liabilities or
    other matters referred to in the FBCA.
(e) Exeter Educational Management Systems, Inc. is
    incorporated under the laws of Massachusetts.
Chapter 156B, Section 67 of the Annotated Laws of
    Massachusetts (the Massachusetts Business Corporation Act)
    ("MBCA") states that indemnification of directors,
    officers, employees and other agents of a corporation may be
    provided by it to whatever extent authorized by the articles of
    organization or a bylaw adopted by the stockholders or a vote
    adopted by the holders of a majority of the shares of stock
    entitled to vote on the election of directors. Except as the
    articles of organization or bylaws otherwise require,
    indemnification of any such persons who are not directors of the
    corporation may be provided by it to the extent authorized by
    the directors. Such indemnification may include payment by the
    corporation of expenses incurred in defending a civil or
    criminal action or proceeding in advance of the final
    disposition of such action or proceeding, upon receipt of an
    undertaking by the person indemnified to repay such payment if
    he shall be adjudicated to be not entitled to indemnification.
No indemnification may be provided for any person with respect
    to any matter as to which he shall have been adjudicated in any
    proceeding not to have acted in good faith in the reasonable
    belief that his action was in the best interest of the
    corporation.
A corporation shall also have power to purchase and maintain
    insurance on behalf of any person who is or was a director,
    officer, employee or other agent of the corporation whether or
    not the corporation would have the power to indemnify him
    against such liability.
The articles of organization
and/or
the
    bylaws of the corporation provide that, to the fullest extent
    permitted by the MBCA, as amended from time to time, the
    corporation will indemnify any and all persons whom it has the
    power to indemnify from and against any and all of the expenses,
    liabilities or other matters referred to in the MBCA.
The corporation, acting through its board of directors, has the
    power to purchase and maintain insurance on behalf of any person
    who is or was a director, officer, employee or other agent of
    the corporation or is or was serving at the request of the
    corporation as a director, officer, employee or other agent of
    another organization in which it has an interest, against any
    liability incurred by him in any such capacity, or arising out
    of his status as such, whether or not the corporation would have
    the power to indemnify him against such liability.
(f) SunGard VPM Inc. is incorporated under the laws of New
    York.
The New York Business Corporation Law ("BCL"),
    Article 7,
Sections 721-726
provide for the indemnification and advancement of expenses to
    officers and directors. Indemnification and advancement pursuant
    to the BCL are not exclusive of any other rights an officer or
    director may be entitled to, provided that no indemnification
    may be made to or on behalf of any director or officer if a
    judgment or other final adjudication adverse to the director or
    officer establishes that his acts were committed in bad faith or
    were the
II-3
Table of Contents
result of active and deliberate dishonesty and were material to
    the cause of action so adjudicated, or that the director
    personally gained a financial profit or other advantage to which
    he or she was not legally entitled.
A corporation may indemnify an officer or director, in the case
    of third party actions, against judgments, fines, amounts paid
    in settlement and reasonable expenses and, in the case of
    derivative actions, against amounts paid in settlement and
    reasonable expenses, provided that the director or officer acted
    in good faith, for a purpose which he or she reasonably believed
    to be in the best interests of the corporation and, in the case
    of criminal actions, had no reasonable cause to believe his
    conduct was unlawful. A corporation may obtain indemnification
    insurance indemnifying itself and its directors and officers.
The bylaws of the corporation provide that the corporation shall
    indemnify any person made, or threatened to be made, a party to
    an action or proceeding, whether civil or criminal, provided
    that no indemnification may be made to or on behalf of any
    director or officer if a judgment or other final adjudication
    adverse to the director or officer establishes that his acts
    were committed in bad faith or were the result of active and
    deliberate dishonesty and were material to the cause of action
    so adjudicated, or if he personally gained in fact a financial
    profit or other advantage to which he was not legally entitled.
(g) SunGard Systems International Inc. is incorporated
    under the laws of Pennsylvania.
Under Section 1741 of the Pennsylvania Business Corporation
    Law of 1988 (the "PBCL"), subject to certain
    limitations, a corporation has the power to indemnify directors,
    officers and other parties under certain prescribed
    circumstances against expenses (including attorneys' fees),
    judgments, fines and amounts paid in settlement actually and
    reasonably incurred in connection with a threatened, pending or
    completed action or proceeding, whether civil, criminal,
    administrative or investigative, to which any of them is a party
    or threatened to be made a party by reason of his being a
    representative of the corporation or serving at the request of
    the corporation as a representative of another corporation,
    partnership, joint venture, trust or other enterprise, if he
    acted in good faith and in a manner he reasonably believed to be
    in, or not opposed to, the best interests of the corporation
    and, with respect to any criminal proceeding, had no reasonable
    cause to believe his conduct was unlawful.
Expenses incurred by parties in defending any action may be paid
    by the corporation in advance of the final disposition of such
    action or proceeding upon receipt of an undertaking by or on
    behalf of the party to repay such amount if it shall ultimately
    be determined that he is not entitled to be indemnified by the
    corporation.
The bylaws of the corporation provides that the corporation may
    indemnify any person who is or was or shall be a director or
    officer of the corporation, and may indemnify any person who is
    or was or shall be an employee or agent of the corporation, to
    the fullest extent permitted by the PBCL, from time to time.
(h) SunGard Availability Services LP is a limited
    partnership governed by the laws of Pennsylvania.
Under Section 8508 of the Pennsylvania Revised Uniform
    Limited Partnership Act, a limited partnership may, and shall
    have the power to, indemnify and hold harmless any partner or
    other person from and against any and all claims and demands
    whatsoever, subject to such standards and restrictions as are
    set forth in the partnership agreement. Indemnification shall
    not be made in any case where the act giving rise to the claim
    for indemnification is determined by a court to have constituted
    willful misconduct or recklessness. The certificate of limited
    partnership or partnership agreement may not provide for
    indemnification in the case of willful misconduct or
    recklessness.
Indemnification may be granted for any action taken and may be
    made whether or not the limited partnership would have the power
    to indemnify the person under any other provision of law except
    as provided in this section and whether or not the indemnified
    liability arises or arose from any threatened, pending or
    completed action by or in the right of the limited partnership.
    Expenses incurred by a partner or other person in defending any
    action or proceeding against which indemnification may be made
    pursuant to this section may be paid by the limited partnership
    in advance of the final disposition of such action or proceeding.
The Agreement of Limited Partnership of SunGard Availability
    Services LP states that the partnership shall indemnify and hold
    harmless the general partner, any member, manager, officer,
    director, shareholder,
II-4
Table of Contents
employee, or agent of the general partner, and any officer of
    the partnership against any loss or damage (including
    attorneys' and other professional fees) incurred by the
    indemnified party on behalf of the partnership or in furtherance
    of the partnership's interests, without relieving the
    indemnified party of liability for willful misconduct or
    recklessness. The satisfaction of any indemnification is limited
    to the partnership's assets and no partner shall have any
    liability on account thereof. This indemnification right
    includes the right to be paid or reimbursed by the indemnified
    party in advance of the disposition of any proceeding.
Item 16.
Exhibits
    and Financial Statement Schedules.
(a) Exhibits
3
.1
Amended and Restated Certificate of Incorporation of SunGard
    Data Systems Inc. (incorporated by reference to the Exhibits
    filed with SunGard Data Systems Inc.'s Quarterly Report on
    Form 10-Q for the quarterly period ended September 30, 2005
    (Commission File No. 1-12989)).
3
.2
Amended and Restated Bylaws of SunGard Data Systems Inc.
    (incorporated by reference to the Exhibits filed with SunGard
    Data Systems Inc.'s Annual Report on Form 10-K for the year
    ended December 31, 2007 (Commission File No. 1-12989)).
3
.3****
Certificate of Incorporation of Advanced Portfolio Technologies,
    Inc.
3
.4****
Bylaws of Advanced Portfolio Technologies, Inc.
3
.5*
Certificate of Formation of Automated Securities Clearance LLC
3
.6*
Limited Liability Company Agreement of Automated Securities
    Clearance LLC
3
.7*
Articles of Organization of Exeter Educational Management
    Systems, Inc.
3
.8*
By-laws of Exeter Educational Management Systems, Inc.
3
.9†
Certificate of Incorporation of GL Trade Overseas, Inc.
3
.10†
By-laws of GL Trade Overseas, Inc.
3
.11*
Certificate of Formation of Inflow LLC
3
.12*
Limited Liability Company Agreement of Inflow LLC
3
.13*
Certificate of Incorporation of Online Securities Processing Inc.
3
.14*
By-laws of Online Securities Processing Inc.
3
.15****
Certificate of Formation — Conversion of SIS Europe
    Holdings LLC
3
.16****
Limited Liability Company Agreement of SIS Europe Holdings LLC
3
.17*
Certificate of Incorporation of SRS Development Inc.
3
.18*
By-laws of SRS Development Inc.
3
.19†
Certificate of Merger of SunGard Ambit LLC
3
.20†
Limited Liability Agreement of SunGard Ambit LLC
3
.21*
Certificate of Incorporation of SunGard Asia Pacific Inc.
3
.22*
By-laws of SunGard Asia Pacific Inc.
3
.23*
Certificate of Limited Partnership of SunGard Availability
    Services LP
3
.24*
Limited Partnership Agreement of SunGard Availability Services LP
3
.25*
Certificate of Incorporation of SunGard Availability Services
    Ltd.
3
.26*
By-laws of SunGard Availability Services Ltd.
3
.27***
Certificate of Formation of SunGard AvantGard LLC
3
.28***
Limited Liability Company Agreement of SunGard AvantGard LLC
3
.29******
Certificate of Formation of SunGard Business Systems LLC
3
.30******
Limited Liability Company Agreement of SunGard Business Systems
    LLC
3
.31*
Certificate of Formation of SunGard Computer Services LLC
3
.32****
Limited Liability Company Agreement of SunGard Computer Services
    LLC
3
.33****
Certificate of Formation — Conversion of SunGard
    Consulting Services LLC
3
.34****
Limited Liability Company Agreement of SunGard Consulting
    Services LLC
3
.35*
Certificate of Formation of SunGard CSA LLC
3
.36*
Limited Liability Company Agreement of SunGard CSA LLC
II-5
Table of Contents
3
.37*
Certificate of Incorporation of SunGard Development Corporation
3
.38*
By-laws of SunGard Development Corporation
3
.39*
Certificate of Incorporation of SunGard DIS Inc.
3
.40*
By-laws of SunGard DIS Inc.
3
.41*
Certificate of Incorporation of SunGard Energy Systems Inc.
3
.42*
By-laws of SunGard Energy Systems Inc.
3
.43**
Certificate of Formation of SunGard eProcess Intelligence LLC
3
.44**
Limited Liability Company Agreement of SunGard eProcess
    Intelligence LLC
3
.45*
Certificate of Formation of SunGard Financial Systems LLC
3
.46*
By-laws of SunGard Financial Systems LLC
3
.47**
Certificate of Incorporation of SunGard Higher Education Inc.
3
.48**
By-laws of SunGard Higher Education Inc.
3
.49**
Certificate of Incorporation of SunGard Higher Education Managed
    Services Inc.
3
.50**
By-laws of SunGard Higher Education Managed Services Inc.
3
.51*
Certificate of Formation of SunGard Investment Systems LLC
3
.52*
Limited Liability Company Agreement of SunGard Investment
    Systems LLC
3
.53*
Certificate of Formation of SunGard Investment Ventures LLC
3
.54*
Limited Liability Company Agreement of SunGard Investment
    Ventures LLC
3
.55***
Certificate of Formation of SunGard iWORKS LLC
3
.56***
Limited Liability Company Agreement of SunGard iWORKS LLC
3
.57****
Certificate of Incorporation of SunGard iWORKS P&C (US) Inc.
3
.58***
By-laws of SunGard iWORKS P&C (US) Inc.
3
.59†
Certificate of Formation-Conversion of SunGard Kiodex LLC
3
.60†
Limited Liability Company Agreement of SunGard Kiodex LLC
3
.61*
Certificate of Incorporation of SunGard NetWork Solutions Inc.
3
.62*
By-laws of SunGard NetWork Solutions Inc.
3
.63****
Certificate of Incorporation of SunGard Public Sector Inc.
3
.64****
By-laws of SunGard Public Sector Inc.
3
.65****
Certificate of Formation — Conversion of SunGard
    Reference Data Solutions LLC
3
.66****
Limited Liability Company Agreement of SunGard Reference Data
    Solutions LLC
3
.67*
Certificate of Incorporation of SunGard SAS Holdings Inc.
3
.68*
By-laws of SunGard SAS Holdings Inc.
3
.69*
Certificate of Formation of SunGard Securities Finance LLC
3
.70*
Limited Liability Company Agreement of SunGard Securities
    Finance LLC
3
.71***
Certificate of Formation of SunGard Securities Finance
    International LLC
3
.72***
Limited Liability Company Agreement of SunGard Securities
    Finance International LLC
3
.73*
Certificate of Formation of SunGard Shareholder Systems LLC
3
.74*
Limited Liability Company Agreement of SunGard Shareholder
    Systems LLC
3
.75*
Certificate of Incorporation of SunGard Software, Inc.
3
.76*
By-laws of SunGard Software, Inc.
3
.77******
Certificate of Incorporation of SunGard Systems International
    Inc.
3
.78*
By-laws of SunGard Systems International Inc.
3
.79*
Certificate of Formation of SunGard Technology Services LLC
3
.80*
Limited Liability Company Agreement of SunGard Technology
    Services LLC
3
.81****
Certificate of Formation of SunGard VeriCenter, Inc.
3
.82****
By-Laws of SunGard VeriCenter, Inc.
3
.83***
Certificate of Incorporation of SunGard VPM Inc.
3
.84***
By-laws of SunGard VPM Inc.
3
.85*
Certificate of Formation of SunGard Workflow Solutions LLC
II-6
Table of Contents
3
.86*
Limited Liability Company Agreement of SunGard Workflow
    Solutions LLC
4
.1
Indenture, dated as of January 15, 2004, between SunGard Data
    Systems Inc. and The Bank of New York, as trustee (incorporated
    by reference to the Exhibits filed with SunGard Data Systems
    Inc.'s Annual Report on Form 10-K for the fiscal year ended
    December 31, 2003 (Commission file No. 1-12989)).
4
.2
Indenture, dated as of August 11, 2005, among Solar Capital
    Corp., SunGard Data Systems Inc., Guarantors named therein and
    The Bank of New York, as Trustee, governing the
    9
1
/8% Senior

    Notes and Senior Floating Rate Notes (incorporated by reference
    to the Exhibits filed with SunGard Data Systems Inc.'s
    Quarterly Report on Form 10-Q for the quarterly period ended
    September 30, 2005 (Commission file No. 1-12989)).
4
.3
Indenture, dated as of August 11, 2005, among Solar Capital
    Corp., SunGard Data Systems Inc., Guarantors named therein and
    The Bank of New York, as Trustee, governing the 10
1
/4% Senior

    Subordinated Notes (incorporated by reference to the Exhibits
    filed with SunGard Data Systems Inc.'s Quarterly Report on
    Form 10-Q for the quarterly period ended September 30, 2005
    (Commission file No. 1-12989)).
4
.4
Indenture, dated as of September 29, 2008, among SunGard Data
    Systems Inc., Guarantors named therein and The Bank of New York
    Mellon, as Trustee, governing the 10.625% Senior Notes
    (incorporated by reference to the Exhibits filed with
    SunGard's Current Report on Form 8-K dated September 29,
    2008 and filed October 3, 2008 (Commission File No. 1-12989)).
5
.1†
Opinion of Simpson Thacher & Bartlett LLP
5
.2†
Opinion of Sheppard, Mullin, Richter & Hampton LLP
5
.3†
Opinions of Blank Rome LLP
5
.4†
Opinion of Ropes & Gray LLP
10
.1††
Lease, effective January 1, 2010 and dated
    November 20, 2009, between SunGard and Callowhill
    Management, Inc. relating to SunGard's facility at 401
    North Broad Street, Philadelphia, Pennsylvania (incorporated by
    reference to the Exhibits filed with SunGard Capital Corp.
    (SCC), SunGard Capital Corp. II (SCCII) and SunGard's
    Annual Report on Form 10-K for the fiscal year ended
    December 31, 2009 (Commission File No.'s 0-53653,
0-53654
and
    1-12989, respectively)).
10
.2
Amended and Restated Lease Agreement, dated November 23,
    2009, by and between Russo Family Limited Partnership, L.P. and
    SunGard relating to SunGard's facility at 777 Central
    Boulevard, Carlstadt, New Jersey (incorporated by reference to
    the Exhibits filed with SCC's, SCCII's and
    SunGard's Annual Report on Form 10-K for the fiscal year
    ended December 31, 2009 (Commission File No.'s
    0-53653, 0-53654 and 1-12989, respectively)).
10
.3
Amended and Restated Lease Agreement, dated November 23,
    2009, by and between 760 Washington Avenue, L.L.C. and SunGard
    relating to SunGard's facility at 760 Washington Avenue,
    Carlstadt, New Jersey (incorporated by reference to the Exhibits
    filed with SCC's, SCCII's and SunGard's Annual
    Report on Form 10-K for the fiscal year ended December 31,
    2009 (Commission File No.'s 0-53653, 0-53654 and 1-12989,
    respectively)).
10
.4
January 2005 Lease Agreement between 410 Commerce L.L.C. and
    SunGard relating to SunGard's facility at 410 Commerce
    Boulevard, Carlstadt, New Jersey ("410 Commerce Boulevard
    Lease") (incorporated by reference to the Exhibits filed
    with SunGard's Annual Report on
Form 10-K
for the fiscal year ended December 31, 2004 (Commission
    File
No. 1-12989)).
10
.5
Amendment to 410 Commerce Boulevard Lease, dated
    November 23, 2009 (incorporated by reference to the
    Exhibits filed with SCC's, SCCII's and SunGard's
    Annual Report on
Form 10-K
for the fiscal year ended December 31, 2009 (Commission
    File No.'s 0-53653,
0-53654
and
    1-12989, respectively)).
10
.6
Amended and Restated Credit Agreement, dated as of June 9,
    2009 among SunGard Data Systems Inc. and the Overseas Borrowers
    party thereto as Borrowers, SunGard Holdco LLC, the Lenders
    party thereto and JPMorgan Chase Bank, N.A., as Administrative
    Agent, Swing Line Lender and L/C Issuer (incorporated by
    reference to the Exhibit filed on SunGard's Current Report
    on
Form 8-K
dated June 9, 2009 and filed June 10, 2009 (Commission
    File
No. 1-12989)
II-7
Table of Contents
10
.7
Guarantee Agreement, dated as of August 11, 2005, among
    SunGard Holdco LLC, SunGard Data Systems Inc., Solar Capital
    Corp., the Subsidiaries of SunGard Data Systems Inc. identified
    therein and JPMorgan Chase Bank, N.A., as Administrative Agent
    (incorporated by reference to the Exhibits filed with
    SunGard's Quarterly Report on
Form 10-Q
for the quarterly period ended September 30, 2005
    (Commission File
No. 1-12989)).
10
.8
Security Agreement, dated as of August 11, 2005, among
    SunGard Holdco LLC, SunGard Data Systems Inc., Solar Capital
    Corp., the Subsidiaries of SunGard Data Systems Inc. identified
    therein and JPMorgan Chase Bank, N.A., as Collateral Agent
    (incorporated by reference to the Exhibits filed with
    SunGard's Quarterly Report on
Form 10-Q
for the quarterly period ended September 30, 2005
    (Commission File
No. 1-12989)).
10
.9
Intellectual Property Security Agreement, dated as of
    August 11, 2005, among SunGard Holdco LLC, SunGard Data
    Systems Inc., Solar Capital Corp., the Subsidiaries of SunGard
    Data Systems Inc. identified therein and JPMorgan Chase Bank,
    N.A., as Collateral Agent (incorporated by reference to the
    Exhibits filed with SunGard's Quarterly Report on
Form 10-Q
for the quarterly period ended September 30, 2005
    (Commission File
No. 1-12989)).
10
.10
Credit and Security Agreement, dated as of March 27, 2009,
    by and among SunGard AR Financing LLC as the Borrower, the
    financial institutions signatory thereto from time to time as
    the Lenders, and General Electric Capital Corporation as a
    Lender, as the Swing Line Lender and as the Administrative Agent
    (incorporated by reference to the Exhibits filed with
    SunGard's Current Report on
Form 8-K
dated March 27, 2009 and filed on April 2, 2009
    (Commission File
No. 1-12989)).
10
.11
Receivables Sale Agreement, dated as of March 27, 2009, by
    and among each of the persons signatory thereto from time to
    time as Sellers, SunGard AR Financing LLC as the Buyer, and
    SunGard Data Systems Inc., as the Seller Agent (incorporated by
    reference to the Exhibits filed with SunGard's Current
    Report on
Form 8-K
dated March 27, 2009 and filed on April 2, 2009
    (Commission File
No. 1-12989)).
10
.12
Seller Support Agreement, dated as of March 27, 2009, by
    SunGard Data Systems Inc., in favor of SunGard AR Financing LLC
    (incorporated by reference to the Exhibits filed with
    SunGard's Current Report on
Form 8-K
dated March 27, 2009 and filed on April 2, 2009
    (Commission File
No. 1-12989)).
10
.13
(1)
Form of Change in Control Agreement including the
30-Day
Clause between SunGard Data Systems Inc. and certain key
    executives of SunGard Data Systems Inc., effective
    December 15, 2004 (incorporated by reference to the
    Exhibits filed with SunGard's Current Report on
Form 8-K
dated December 14, 2004 and filed on December 20,
    2004).
10
.14
(1)
Form of Change in Control Agreement not including the
30-Day
Clause between SunGard Data Systems Inc. and certain key
    executives of SunGard Data Systems Inc., effective
    December 15, 2004 (incorporated by reference to the
    Exhibits filed with SunGard's Current Report on
Form 8-K
dated December 14, 2004 and filed on December 20,
    2004).
10
.15
(1)
Form of Executive Employment Agreement, effective as of
    August 11, 2005, between SunGard Data Systems Inc. and
    certain executive officers of SunGard Data Systems Inc.
    (incorporated by reference to the Exhibits filed with
    SunGard's Quarterly Report on
Form 10-Q
for the quarterly period ended September 30, 2005
    (Commission File
No. 1-12989)).
10
.16
(1)
Form of Executive Employment Agreement, effective as of
    August 11, 2005, between SunGard Data Systems Inc. and
    certain executive officers of SunGard Data Systems Inc. located
    in California, the United Kingdom and Switzerland (incorporated
    by reference to the Exhibits filed with SunGard's Quarterly
    Report on
Form 10-Q
for the quarterly period ended September 30, 2005
    (Commission File
No. 1-12989)).
10
.17
(1)
Form of Executive Employment Agreement, effective as of
    August 11, 2005, between SunGard Data Systems Inc. and
    certain executive officers of SunGard Data Systems Inc. employed
    by a subsidiary of SunGard Data Systems Inc. (incorporated by
    reference to the Exhibits filed with SunGard's Quarterly
    Report on
Form 10-Q
for the quarterly period ended September 30, 2005
    (Commission File
No. 1-12989)).
II-8
Table of Contents
10
.18
(1)
Form of Executive Employment Agreement, effective as of
    August 11, 2005, between SunGard Data Systems Inc. and
    certain executive officers of SunGard Data Systems Inc. located
    in California, the United Kingdom and Switzerland employed by a
    subsidiary of SunGard Data Systems Inc. (incorporated by
    reference to the Exhibits filed with SunGard's Quarterly
    Report on
Form 10-Q
for the quarterly period ended September 30, 2005
    (Commission File
No. 1-12989)).
10
.19
(1)
Employment Agreement between Cristóbal Conde and SunGard
    Data Systems Inc., dated and effective as of August 11,
    2005 (incorporated by reference to the Exhibits filed with
    SunGard's Quarterly Report on
Form 10-Q
for the quarterly period ended September 30, 2005
    (Commission File
No. 1-12989)).
10
.20
(1)
Employment Agreement between Kathleen Asser Weslock and SunGard
    Data Systems Inc., dated and effective as of March 16, 2010
    (incorporated by reference to the Exhibits filed with
    SCC's, SCCII's and SunGard's Annual Report on
    Form 10-K for the fiscal year ended December 31, 2009
    (Commission File No.'s
0-53653,
0-53654 and 1-12989, respectively)).
10
.21
(1)
Employment Agreement between Karen Mullane and SunGard Data
    Systems Inc., dated and effective as of December 29 2009
    (incorporated by reference to the Exhibits filed with
    SCC's, SCCII's and SunGard's Annual Report on
    Form 10-K for the fiscal year ended December 31, 2009
    (Commission File No.'s
0-53653,
0-53654 and
1-12989,
respectively)).
10
.22
(1)
Employment Agreement between Gil Santos and SunGard HTE Inc.
    (now named SunGard Public Sector Inc.), dated and effective as
    of November 15, 2007 ("Santos Employment
    Agreement") (incorporated by reference to the Exhibits
    filed with SunGard's Annual Report on
Form 10-K
for the fiscal year ended December 31, 2007 (Commission
    File
No. 1-12989)).
10
.23
(1)
Amendment dated February 27, 2010 to Santos Employment
    Agreement (incorporated by reference to the Exhibits filed with
    SCC's, SCCII's and SunGard's Annual Report on
Form 10-K
for the fiscal year ended December 31, 2009 (Commission
    File No.'s 0-53653,
0-53654
and
1-12989,
respectively)).
10
.24
(1)
Employment Agreement between Robert Woods and SunGard Data
    Systems Inc., effective as of January 1, 2010 (incorporated
    by reference to the Exhibits filed with SCC's, SCCII's
    and SunGard's Current Report on
Form 8-K
dated December 16, 2009 and filed on December 22,
    2009) (Commission File No.'s 0-53653, 0-53654 and 1-12989,
    respectively).
10
.25
(1)
Agreement between James L. Mann and SunGard Data Systems Inc.
    dated August 16, 2002 (incorporated by reference to the
    Exhibits filed with SunGard's Quarterly Report on
Form 10-Q
for the quarterly period ended September 30, 2002
    (Commission File
No. 1-12989)),
as amended by Amendment dated as of February 25, 2004
    (incorporated by reference to the Exhibits filed with
    SunGard's Quarterly Report on
Form 10-Q
for the quarterly period ended March 31, 2004 (Commission
    File
No. 1-12989)).
10
.26
(1)
SunGard 2005 Management Incentive Plan as Amended May 12,
    2009 (incorporated by reference to the Exhibits filed with
    SCC's, SCCII's and SunGard's Quarterly Report on
Form 10-Q
for the quarterly period ended June 30, 2009 (Commission
    File No.'s 0-53653,
0-53654
and
1-12989,
respectively)).
10
.27
(1)
SunGard Dividend Rights Plan as Amended September 6, 2007
    (incorporated by reference to the Exhibits filed with
    SunGard's Quarterly Report on
Form 10-Q
for the quarterly period ended September 30, 2007
    (Commission File
No. 1-12989)).
10
.28
(1)
Forms of Rollover Stock Option Award Agreements (incorporated by
    reference to the Exhibits filed with SunGard's Quarterly
    Report on
Form 10-Q
for the quarterly period ended September 30, 2005
    (Commission File
No. 1-12989)).
10
.29
(1)
Forms of Time-Based Stock Option Award Agreements (incorporated
    by reference to the Exhibits filed with SunGard's Quarterly
    Report on
Form 10-Q
for the quarterly period ended September 30, 2005
    (Commission File
No. 1-12989)).
10
.30
(1)
Forms of Performance-Based Stock Option Award Agreements
    (incorporated by reference to the Exhibits filed with
    SunGard's Quarterly Report on
Form 10-Q
for the quarterly period ended September 30, 2005
    (Commission File
No. 1-12989)).
10
.31
(1)
Forms of Time-Based Restricted Stock Unit Award Agreements
    (incorporated by reference to the Exhibits filed with
    SunGard's Quarterly Report on
Form 10-Q
for the quarterly period ended September 30, 2007
    (Commission File
No. 1-12989)).
II-9
Table of Contents
10
.32
(1)
Forms of Performance-Based Restricted Stock Unit Award
    Agreements (incorporated by reference to the Exhibits filed with
    SunGard's Quarterly Report on
Form 10-Q
for the quarterly period ended September 30, 2007
    (Commission File
No. 1-12989)).
10
.33
(1)
Forms of Time-Based Class A Stock Option Award Agreements
    (incorporated by reference to the Exhibits filed with
    SunGard's Quarterly Report on
Form 10-Q
for the quarterly period ended September 30, 2007
    (Commission File
No. 1-12989)).
10
.34
(1)
Forms of Performance-Based Class A Stock Option Award
    Agreements (incorporated by reference to the Exhibits filed with
    SunGard's Quarterly Report on
Form 10-Q
for the quarterly period ended September 30, 2007
    (Commission File
No. 1-12989)).
10
.35
(1)
Form of Amendment to the Performance Based Stock Option Award
    Agreements (incorporated by reference to the Exhibits filed with
    Schedule TO of SunGard Capital Corp. and SunGard Capital
    Corp. II, each filed August 13, 2009 (Commission File Nos.
    5-84880 and 5-84881, respectively)).
10
.36
(1)
Form of Amendment to the Performance-Based Restricted Stock Unit
    Award Agreements (incorporated by reference to the Exhibits
    filed with Schedule TO of SunGard Capital Corp. and SunGard
    Capital Corp. II, each filed August 13, 2009 (Commission
    File Nos. 5-84880 and 5-84881, respectively)).
10
.37
(1)
Form of Amendment to the Performance-Based Class A Stock
    Option Award Agreements (incorporated by reference to the
    Exhibits filed with Schedule TO of SunGard Capital Corp.
    and SunGard Capital Corp. II, each filed August 13, 2009
    (Commission File Nos. 5-84880 and 5-84881, respectively))
10
.38
(1)
Forms of Amendment to Senior Management Performance-Based Stock
    Option Award Agreements (incorporated by reference to the
    Exhibits filed with SCC's, SCCII's and SunGard's
    Current Report on
Form 8-K
dated November 30, 2009 and filed on December 3, 2009)
    (Commission File No.'s
0-53653,
0-53654
and
1-12989,
respectively).
10
.39
(1)
Form of Amendment to Senior Management Performance-Based
    Class A Stock Option Award Agreement (incorporated by
    reference to the Exhibits filed with SCC's, SCCII's
    and SunGard's Current Report on
Form 8-K
dated November 30, 2009 and filed on December 3, 2009)
    (Commission File No.'s
0-53653,
0-53654
and
1-12989,
respectively).
10
.40
(1)
Form of Amendment to Senior Management Performance-Based
    Restricted Stock Unit Award Agreement (incorporated by reference
    to the Exhibits filed with SCC's, SCCII's and
    SunGard's Current Report on
Form 8-K
dated November 30, 2009 and filed on December 3, 2009)
    (Commission File No.'s
0-53653,
0-53654
and
1-12989,
respectively).
10
.41
(1)
Forms of 2009 Senior Management Performance-Based Restricted
    Stock Unit Award Agreements (incorporated by reference to the
    Exhibits filed with SCC's, SCCII's and SunGard's
    Quarterly Report on
Form 10-Q
for the quarterly period ended September 30, 2009
    (Commission File No.'s
0-53653,
0-53654
and
1-12989,
respectively).
10
.42
(1)
Forms of 2009 Senior Management Performance-Based Class A
    Stock Option Award Agreements (incorporated by reference to the
    Exhibits filed with SCC's, SCCII's and SunGard's
    Quarterly Report on
Form 10-Q
for the quarterly period ended September 30, 2009
    (Commission File No.'s
0-53653,
0-53654
and
1-12989,
respectively).
10
.43
(1)
Form of 2009 Senior Management Time-Based Restricted Stock Unit
    Award Agreement (incorporated by reference to the Exhibits filed
    with SCC's, SCCII's and SunGard's Quarterly
    Report on
Form 10-Q
for the quarterly period ended September 30, 2009
    (Commission File No.'s
0-53653,
0-53654
and
1-12989,
respectively).
10
.44
(1)
Form of 2009 Senior Management Time-Based Class A Stock
    Option Award Agreement (incorporated by reference to the
    Exhibits filed with SCC's, SCCII's and SunGard's
    Quarterly Report on
Form 10-Q
for the quarterly period ended September 30, 2009
    (Commission File No.'s
0-53653,
0-53654
and
1-12989,
respectively).
10
.45
(1)
Summary Description of SunGard's Annual Executive Incentive
    Compensation Program (incorporated by reference to the Exhibits
    filed with SCC's, SCCII's and SunGard's Annual
    Report on Form 10-K for the fiscal year ended December 31,
    2009 (Commission File No.'s
0-53653,
0-53654
and
1-12989,
respectively)).
II-10
Table of Contents
10
.46
(1)
Form of Indemnification Agreement entered into by SunGard with
    certain officers (incorporated by reference to the Exhibits
    filed with SunGard's Annual Report on
Form 10-K
for the fiscal year ended December 31, 1991 (Commission
    File
No. 0-14232)).
10
.47
(1)
Form of Indemnification Agreement between SunGard Capital
    Corporation, SunGard Capital Corporation II, SunGard Holding
    Corporation, SunGard HoldCo LLC, SunGard Data Systems Inc. and
    directors and certain executive officers of SunGard Data Systems
    Inc. (incorporated by reference to the Exhibits filed with
    SunGard's Quarterly Report on
Form 10-Q
for the quarterly period ended September 30, 2005
    (Commission File
No. 1-12989)).
10
.48
Stockholders Agreement, dated as of August 10, 2005, by and
    among SunGard Capital Corp., SunGard Capital Corp. II, SunGard
    Holding Corp., SunGard Holdco LLC, Solar Capital Corp. and
    Certain Stockholders of SunGard Capital Corp. and SunGard
    Capital Corp. II (incorporated by reference to the Exhibits
    filed with SunGard's Quarterly Report on
Form 10-Q
for the quarterly period ended September 30, 2005
    (Commission File
No. 1-12989))
10
.49
Participation, Registration Rights and Coordination Agreement,
    dated as of August 10, 2005, by and among SunGard Capital
    Corp., SunGard Capital Corp. II, SunGard Holding Corp., SunGard
    Holdco LLC, Solar Capital Corp. and Certain Persons who will be
    Stockholders of SunGard Capital Corp. and SunGard Capital Corp.
    II (incorporated by reference to the Exhibits filed with
    SunGard's Quarterly Report on
Form 10-Q
for the quarterly period ended September 30, 2005
    (Commission File
No. 1-12989)).
10
.50
Principal Investor Agreement, dated as of August 10, 2005,
    by and among SunGard Capital Corp., SunGard Capital Corp. II,
    SunGard Holding Corp., SunGard Holdco LLC, Solar Capital Corp.
    and the Principal Investors ("Principal Investor
    Agreement") (incorporated by reference to the Exhibits
    filed with SunGard's Quarterly Report on
Form 10-Q
for the quarterly period ended September 30, 2005
    (Commission File
No. 1-12989)).
10
.51
Amendment No. 2 to Principal Investor Agreement, dated as
    of January 31, 2008 (incorporated by reference to the
    Exhibits filed with SunGard's Annual Report on
Form 10-K
for the fiscal year ended December 31, 2007 (Commission
    File
No. 1-12989)).
10
.52
Management Agreement, dated as of August 11, 2005, by and
    among SunGard Data Systems Inc., SunGard Capital Corp., SunGard
    Capital Corp. II, SunGard Holding Corp., SunGard Holdco LLC,
    Bain Capital Partners, LLC, Blackstone Communications Advisors I
    L.L.C., Blackstone Management Partners IV L.L.C., Goldman,
    Sachs & Co., Kohlberg Kravis Roberts & Co.
    L.P., Providence Equity Partners V Inc., Silver Lake Management
    Company, L.L.C. and TPG GenPar IV, L.P. (incorporated by
    reference to the Exhibits filed with SunGard's Quarterly
    Report on
Form 10-Q
for the quarterly period ended September 30, 2005
    (Commission File
No. 1-12989)).
12
.1
Computations of Ratio of Earnings to Fixed Charges (incorporated
    by reference to the Exhibits filed with SCC's, SCCII's
    and SunGard's Annual Report on Form 10-K for the fiscal
    year ended December 31, 2009 (Commission File No.'s
0-53653,
0-53654
and
1-12989,
respectively)).
21
.1
List of Subsidiaries (incorporated by reference to the Exhibits
    filed with SCC's, SCCII's and SunGard's Annual
    Report on Form 10-K for the fiscal year ended December 31, 2009
    (Commission File No.'s
0-53653,
0-53654
and
1-12989,
respectively)).
23
.1†
Consent of Simpson Thacher & Bartlett LLP (included as part
    of its opinion filed as Exhibit 5.1 hereto)
23
.2†
Consent of Sheppard, Mullin, Richter & Hampton LLP
    (included as part of its opinion filed as Exhibit 5.2 hereto)
23
.3†
Consent of Blank Rome LLP (included as part of its opinions
    filed as Exhibit 5.3 hereto)
23
.4†
Consent of Ropes & Gray LLP (included as part of its
    opinion filed as Exhibit 5.4 hereto)
23
.5†
Consent of PricewaterhouseCoopers LLP
24
.1†
Powers of Attorney
25
.1*
Form T-1 Statement of Eligibility under the Trust Indenture Act
    of 1939 of The Bank of New York with respect to the Indenture
    governing the
    9
1
/
8
% Senior
    Notes
II-11
Table of Contents
25
.2*
Form T-1 Statement of Eligibility under the Trust Indenture Act
    of 1939 of The Bank of New York with respect to the Indenture
    governing the
    10
1
/
4
% Senior
    Subordinated Notes
25
.3******
Form T-1 Statement of Eligibility under the Trust Indenture Act
    of 1939 of The Bank of New York with respect to the Indentures
    governing the
    10
5
/
8
% Senior
    Notes due 2015
*
Incorporated by reference to the Registration Statement on
Form S-4
of SunGard Data Systems Inc. (File
No. 333-133383)
filed on April 19, 2006.
**
Incorporated by reference to the Amendment No. 1 to the
    Registration Statement on
Form S-1
of SunGard Data Systems Inc. (File
No. 333-135538)
filed on July 31, 2006.
***
Incorporated by reference to the Registration Statement on
Form S-1
of SunGard Data Systems Inc. (File
No. 333-142356)
filed on April 25, 2007.
****
Incorporated by reference to the Registration Statement on
Form S-1
of SunGard Data System Inc. (File
No. 333-150383)
filed on April 22, 2008.
*****
Incorporated by reference to the Amendment No. 1 to the
    Registration Statement on
Form S-1
of SunGard Data Systems Inc. (File
No. 333-150383)
filed on May 9, 2008.
******
Incorporated by reference to the Registration Statement on
Form S-1
of SunGard Data Systems Inc. (File
No. 333-150383)
filed on April 20, 2009.
†
Filed herewith.
††
Material redacted and submitted by SunGard Capital Corp.,
    SunGard Capital Corp. II and SunGard Data Systems Inc.
    separately to the U.S. Securities and Exchange Commission under
    a request for confidential treatment.
(b)
Financial Statement Schedules
(1) Management contract or compensatory plan or arrangement
None.
Item 17.
Undertakings.
(a) The undersigned registrant hereby undertakes:
(1) to file, during any period in which offers or sales are
    being made, a post-effective amendment to this registration
    statement:
(i) to include any prospectus required by
    Section 10(a)(3) of the Securities Act;
(ii) to reflect in the prospectus any facts or events
    arising after the effective date of the registration statement
    (or the most recent post-effective amendments thereof) which,
    individually or in the aggregate, represent a fundamental change
    in the information set forth in the registration statement.
    Notwithstanding the foregoing, any increase or decrease in
    volume of securities offered (if the total dollar value of
    securities offered would not exceed that which was registered)
    and any deviation from the low or high end of the estimated
    maximum offering range may be reflected in the form of
    prospectus filed with the Commission pursuant to
    Rule 424(b) if, in the aggregate, the changes in volume and
    price represent no more that a 20 percent change in the
    maximum aggregate offering price set forth in the
    "Calculation of Registration Fee" table in the
    effective registration statement; and
(iii) to include any material information with respect to
    the plan of distribution not previously disclosed in the
    registration statement or any material change to such
    information in the registration statement;
II-12
Table of Contents
(2) that, for the purpose of determining any liability
    under the Securities Act, each such post-effective amendment
    shall be deemed to be a new registration statement relating to
    the securities offered therein, and the offering of such
    securities at that time shall be deemed to be the initial bona
    fide offering thereof; and
(3) to remove from registration by means of a
    post-effective amendment any of the securities being registered
    which remain unsold at the termination of the offering.
(4) that, for the purpose of determining liability under
    the Securities Act of 1933 to any purchaser:
Each prospectus filed pursuant to Rule 424(b) as part of a
    registration statement relating to an offering, other than
    registration statements relying on Rule 430B or other than
    prospectuses filed in reliance on Rule 430A
    (§ 230.430A of this chapter), shall be deemed to be
    part of and included in the registration statement as of the
    date it is first used after effectiveness.
Provided, however,
that no statement made in a registration statement or
    prospectus that is part of the registration statement or made in
    a document incorporated or deemed incorporated by reference into
    the registration statement or prospectus that is part of the
    registration statement will, as to a purchaser with a time of
    contract of sale prior to such first use, supersede or modify
    any statement that was made in the registration statement or
    prospectus that was part of the registration statement or made
    in any such document immediately prior to such date of first use.
(5) That, for the purpose of determining liability of the
    registrant under the Securities Act to any purchaser in the
    initial distribution of the securities:
The undersigned registrant undertakes that in a primary offering
    of securities of the undersigned registrant pursuant to this
    registration statement, regardless of the underwriting method
    used to sell the securities to the purchaser, if the securities
    are offered or sold to such purchaser by means of any of the
    following communications, the undersigned registrant will be a
    seller to the purchaser and will be considered to offer or sell
    such securities to such purchaser:
(i) Any preliminary prospectus or prospectus of the
    undersigned registrant relating to the offering required to be
    filed pursuant to Rule 424;
(ii) Any free writing prospectus relating to the offering
    prepared by or on behalf of the undersigned registrant or used
    or referred to by the undersigned registrant;
(iii) The portion of any other free writing prospectus
    relating to the offering containing material information about
    the undersigned registrant or its securities provided by or on
    behalf of the undersigned registrant; and
(iv) Any other communication that is an offer in the
    offering made by the undersigned registrant to the purchaser.
(b) Insofar as indemnification for liabilities arising
    under the Securities Act of 1933 may be permitted to
    directors, officers and controlling persons of the registrant
    pursuant to the foregoing provisions, or otherwise, the
    registrant has been advised that in the opinion of the SEC such
    indemnification is against public policy as expressed in the
    Securities Act and is, therefore, unenforceable. In the event
    that a claim for indemnification against such liabilities (other
    than the payment by the registrant of expenses incurred or paid
    by a director, officer or controlling person of the registrant
    in the successful defense of any action, suit or proceeding) is
    asserted by such director, officer or controlling person in
    connection with the securities being registered, the registrant
    will, unless in the opinion of its counsel the matter has been
    settled by controlling precedent, submit to a court of
    appropriate jurisdiction the question whether such
    indemnification by it is against public policy as expressed in
    the Securities Act and will be governed by the final
    adjudication of such issue.
II-13
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD DATA SYSTEMS INC.
By:
*
Name:     Cristóbal Conde
Title:
President and Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Cristóbal
    Conde
President, Chief Executive Officer and Director (Principal
    Executive Officer)
April 26, 2010
*
Robert
    F. Woods
Senior Vice President — Finance and Chief Financial
    Officer
(Principal Financial Officer)
April 26, 2010
*
Karen
    M. Mullane
Vice President and Controller (Principal Accounting Officer)
April 26, 2010
*
Chinh
    E. Chu
Director
April 26, 2010
*
John
    Connaughton
Director
April 26, 2010
*
James
    H. Greene
Director
April 26, 2010
*
Glenn
    H. Hutchins
Chairman of the Board of Directors
April 26, 2010
*
James
    L. Mann
Director
April 26, 2010
*
John
    Marren
Director
April 26, 2010
*
Sanjeev
    Mehra
Director
April 26, 2010
II-14
Table of Contents
Signature
Title
Date
*
Julie
    Richardson
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-15
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
ADVANCED PORTFOLIO TECHNOLOGIES, INC.
By:
*
Name:     Harold C. Finders
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Harold C. Finders
Division Chief Executive Officer (Principal Executive
    Officer)
April 26, 2010
*
Dean
    B. Gluyas
Division Chief Financial Officer (Principal Financial
    Officer and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Director
April 26, 2010
*
Karen
    M. Mullane
Director
April 26, 2010
*
Victoria
    E. Silbey
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-16
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
AUTOMATED SECURITIES CLEARANCE LLC
By:
*
Name:     James E. Ashton III
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
James
    E. Ashton III
Division Chief Executive Officer (Principal Executive
    Officer)
April 26, 2010
*
Max
    J. Broedlow
Division Chief Financial Officer (Principal Financial
    Officer and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Manager
April 26, 2010
*
Karen
    M. Mullane
Manager
April 26, 2010
*
Victoria
    E. Silbey
Manager
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-17
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
EXETER EDUCATIONAL MANAGEMENT SYSTEMS, INC.
By:
*
Name:     Ron M. Lang
Title:
President and Chief Executive Officer, Higher Education
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Ron
    M. Lang
President and Chief Executive Officer, Higher Education and
    Director
(Principal Executive Officer)
April 26, 2010
*
John
    A. Milana
Senior Vice President, Finance and Chief Financial Officer,
    Higher Education
(Principal Financial Officer and
Principal Accounting Officer)
April 26, 2010
*
Karen
    M. Mullane
Director
April 26, 2010
*
Victoria
    E. Silbey
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie
    S. Brush
Attorney-in-fact
II-18
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
GL TRADE OVERSEAS, INC.
By:
*
Name:     Harold C. Finders
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Harold C. Finders
Division Chief Executive Officer (Principal Executive
    Officer)
April 26, 2010
*
Dean
    B. Gluyas
Division Chief Financial Officer (Principal Financial
    Officer and
Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Director
April 26, 2010
*
Karen
    M. Mullane
Director
April 26, 2010
*
Victoria
    E. Silbey
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-19
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
INFLOW LLC
By:
*
Name:     Cristóbal Conde
Title:
President & Chief Executive Officer, Availability
    Services
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Cristóbal
    Conde
President & Chief Executive Officer, Availability Services
(Principal Executive Officer)
April 26, 2010
*
Michael
    J. Ruane
Executive Vice President, Finance and Chief Financial Officer,
    Availability Services and Manager
(Principal Financial Officer)
April 26, 2010
*
Victoria
    E. Silbey
Manager
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie
    S. Brush
Attorney-in-fact
II-20
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
ONLINE SECURITIES PROCESSING INC.
By:
*
Name:     James
    E. Ashton III
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
James
    E. Ashton III
Division Chief Executive Officer (Principal Executive Officer)
April 26, 2010
*
Max
    J. Broedlow
Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Director
April 26, 2010
*
Karen
    M. Mullane
Director
April 26, 2010
*
Victoria
    E. Silbey
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie
    S. Brush
Attorney-in-fact
II-21
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SIS EUROPE HOLDINGS LLC
By:
*
Name:     Harold
    C. Finders
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Harold
    C. Finders
Division Chief Executive Officer (Principal Executive Officer)
April 26, 2010
*
Dean
    B. Gluyas
Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
April 26, 2010
*
Karen
    M. Mullane
Manager
April 26, 2010
*
Eric
    G. Erickson
Manager
April 26, 2010
*
Victoria
    E. Silbey
Manager
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie
    S. Brush
Attorney-in-fact
II-22
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SRS DEVELOPMENT INC.
By:
*
Name:     Michael
    J. Ruane
Title:
President and Treasurer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Michael
    J. Ruane
President, Treasurer and Director (Principal Executive Officer,
Principal Financial Officer and
Principal Accounting Officer)
April 26, 2010
*
Victoria
    E. Silbey
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie
    S. Brush
Attorney-in-fact
II-23
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD AMBIT LLC
By:
*
Name:     Harold C. Finders
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Harold
    C. Finders
Division Chief Executive Officer (Principal Executive Officer)
April 26, 2010
*
Dean
    B. Gluyas
Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Manager
April 26, 2010
*
Karen
    M. Mullane
Manager
April 26, 2010
*
Victoria
    E. Silbey
Manager
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie
    S. Brush
Attorney-in-fact
II-24
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD ASIA PACIFIC INC.
By:
*
Name:     Harold
    C. Finders
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Harold
    C. Finders
Division Chief Executive Officer (Principal Executive Officer)
April 26, 2010
*
Dean
    B. Gluyas
Vice President and Division Chief Financial Officer
(Principal Financial Officer and
Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Director
April 26, 2010
*
Karen
    M. Mullane
Director
April 26, 2010
*
Victoria
    E. Silbey
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie
    S. Brush
Attorney-in-fact
II-25
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD AVAILABILITY SERVICES LP
By:
*
Name:     Cristóbal Conde
Title:
President & Chief Executive Officer,
Availability Services
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Cristóbal
    Conde
President & Chief Executive Officer, Availability Services
(Principal Executive Officer)
April 26, 2010
*
Michael
    J. Ruane
Senior Vice President, Finance and Chief Financial Officer
    Availability Services
(Principal Financial Officer) and Manager of SunGard Technology
    Services LLC, the General Partner
April 26, 2010
*
Victoria
    E. Silbey
Manager of the General Partner
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-26
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD AVAILABILITY SERVICES LTD.
By:
*
Name:     Cristóbal Conde
Title:
Chief Executive Officer,
Availability Services
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Cristóbal
    Conde
Chief Executive Officer,
Availability Services
(Principal Executive Officer)
April 26, 2010
*
Michael
    J. Ruane
Treasurer (Principal Financial Officer
and Principal Accounting Officer)
and Director
April 26, 2010
*
Victoria
    E. Silbey
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-27
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD AVANTGARD LLC
By:
*
Name:     James E. Ashton III
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
James
    E. Ashton III
Division Chief Executive Officer (Principal Executive
    Officer)
April 26, 2010
*
Max
    J. Broedlow
Division Chief Financial Officer (Principal Financial
    Officer and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Manager
April 26, 2010
*
Karen
    M. Mullane
Manager
April 26, 2010
*
Victoria
    E. Silbey
Manager
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-28
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD BUSINESS SYSTEMS LLC
By:
*
Name:     James E. Ashton III
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
James
    E. Ashton III
Division Chief Executive Officer (Principal Executive
    Officer)
April 26, 2010
*
Max
    J. Broedlow
Division Chief Financial Officer (Principal Financial
    Officer and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Manager
April 26, 2010
*
Karen
    M. Mullane
Manager
April 26, 2010
*
Victoria
    E. Silbey
Manager
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-29
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD COMPUTER SERVICES LLC
By:
*
Name:     James E. Ashton III
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
James
    E. Ashton III
Division Chief Executive Officer (Principal Executive
    Officer)
April 26, 2010
*
Max
    J. Broedlow
Division Chief Financial Officer (Principal Financial
    Officer and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Manager
April 26, 2010
*
Karen
    M. Mullane
Manager
April 26, 2010
*
Victoria
    E. Silbey
Manager
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-30
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD CONSULTING SERVICES LLC
By:
*
Name:     James E. Ashton III
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
James
    E. Ashton III
Division Chief Executive Officer (Principal Executive
    Officer)
April 26, 2010
*
Max
    J. Broedlow
Division Chief Financial Officer (Principal Financial
    Officer and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Manager
April 26, 2010
*
Karen
    M. Mullane
Manager
April 26, 2010
*
Victoria
    E. Silbey
Manager
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-31
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD CSA LLC
By:
*
Name:     Mats Lillienberg
Title:
President
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Mats
    Lillienberg
President, (Principal Executive Officer)
April 26, 2010
*
Robert
    F. Woods
Treasurer (Principal Financial Officer and Principal Accounting
    Officer)
April 26, 2010
*
Thomas
    J. McDugall
Manager
April 26, 2010
*
Karen
    M. Mullane
Manager
April 26, 2010
*
Victoria
    E. Silbey
Manager
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-32
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD DEVELOPMENT CORPORATION
By:
*
Name:     Michael J. Ruane
Title:
President and Treasurer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Michael
    J. Ruane
President, Treasurer and Director (Principal Executive
    Officer,
Principal Financial Officer and
Principal Accounting Officer)
April 26, 2010
*
Victoria
    E. Silbey
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-33
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD DIS INC.
By:
*
Name:     Robert F. Woods
Title:
President and Treasurer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Robert
    F. Woods
President and Treasurer
(Principal Executive Officer,
Principal Financial Officer and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Director
April 26, 2010
*
Karen
    M. Mullane
Director
April 26, 2010
*
Victoria
    E. Silbey
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-34
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD ENERGY SYSTEMS INC.
By:
*
Name:     James E. Ashton III
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
James
    E. Ashton III
Division Chief Executive Officer (Principal Executive
    Officer)
April 26, 2010
*
Max
    J. Broedlow
Division Chief Financial Officer (Principal Financial
    Officer and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Director
April 26, 2010
*
Karen
    M. Mullane
Director
April 26, 2010
*
Victoria
    E. Silbey
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-35
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD EPROCESS INTELLIGENCE LLC
By:
*
Name:     Harold C. Finders
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Harold
    C. Finders
Division Chief Executive Officer (Principal Executive
    Officer)
April 26, 2010
*
Dean
    B. Gluyas
Division Chief Financial Officer (Principal Financial
    Officer and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Manager
April 26, 2010
*
Karen
    M. Mullane
Manager
April 26, 2010
*
Victoria
    E. Silbey
Manager
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-36
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD FINANCIAL SYSTEMS LLC
By:
*
Name:     James E. Ashton III
Title:
Division Chief Financial Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
James
    E. Ashton III
Division Chief Financial Officer (Principal Executive
    Officer)
April 26, 2010
*
Max
    J. Broedlow
Division Chief Financial Officer (Principal Financial
    Officer and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Manager
April 26, 2010
*
Karen
    M. Mullane
Manager
April 26, 2010
*
Victoria
    E. Silbey
Manager
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-37
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD HIGHER EDUCATION INC.
By:
*
Name:     Ron M. Lang
Title:
President and Chief Executive Officer, Higher Education
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Ron M. Lang
President and Chief Executive Officer, Higher Education and
    Director
(Principal Executive Officer)
April 26, 2010
*
John A. Milana
Senior Vice President, Finance and Chief Financial Officer,
    Higher Education (Principal Financial Officer and
Principal Accounting Officer)
April 26, 2010
*
Karen M. Mullane
Director
April 26, 2010
*
Victoria E. Silbey
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-38
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD HIGHER EDUCATION MANAGED SERVICES INC.
By:
*
Name:     Ron M. Lang
Title:
Chief Executive Officer, Higher Education
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Ron
    M. Lang
Chief Executive Officer, Higher Education and Director
(Principal Executive Officer)
April 26, 2010
*
John
    A. Milana
Senior Vice President, Finance and Chief Financial Officer,
    Higher Education (Principal Financial Officer and  Principal
    Accounting Officer)
April 26, 2010
*
Karen
    M. Mullane
Director
April 26, 2010
*
Victoria
    E. Silbey
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie
    S. Brush
Attorney-in-fact
II-39
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD INVESTMENT SYSTEMS LLC
By:
*
Name:     Harold
    C. Finders
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Harold
    C. Finders
Division Chief Executive Officer (Principal Executive Officer)
April 26, 2010
*
Dean
    B. Gluyas
Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Manager
April 26, 2010
*
Karen
    M. Mullane
Manager
April 26, 2010
*
Victoria
    E. Silbey
Manager
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie
    S. Brush
Attorney-in-fact
II-40
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD INVESTMENT VENTURES LLC
By:
*
Name:     Robert
    F. Woods
Title:
President and Treasurer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Robert
    F. Woods
President and Treasurer
(Principal Executive Officer,
Principal Financial Officer and
Principal Accounting Officer)
April 26, 2010
*
Eric
    G. Erickson
Manager
April 26, 2010
*
Karen
    M. Mullane
Manager
April 26, 2010
*
Victoria
    E. Silbey
Manager
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie
    S. Brush
Attorney-in-fact
II-41
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD iWORKS LLC
By:
*
Name:     James
    E. Ashton III
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
James
    E. Ashton III
Division Chief Executive Officer (Principal Executive Officer)
April 26, 2010
*
Max
    Broedlow
Division Chief Financial Officer, (Principal Financial Officer
    and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Manager
April 26, 2010
*
Karen
    M. Mullane
Manager
April 26, 2010
*
Victoria
    E. Silbey
Manager
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie
    S. Brush
Attorney-in-fact
II-42
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD iWORKS P&C (US) INC.
By:
*
Name:     James E. Ashton III
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
James
    E. Ashton III
Division Chief Executive Officer (Principal Executive Officer)
April 26, 2010
*
Max
    J. Broedlow
Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Director
April 26, 2010
*
Karen
    M. Mullane
Director
April 26, 2010
*
Victoria
    E. Silbey
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-43
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD KIODEX LLC
By:
*
Name:     James E. Ashton III
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
James
    E. Ashton III
Division Chief Executive Officer (Principal Executive Officer)
April 26, 2010
*
Max
    J. Broedlow
Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Director
April 26, 2010
*
Karen
    M. Mullane
Director
April 26, 2010
*
Victoria
    E. Silbey
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-44
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD NETWORK SOLUTIONS INC.
By:
*
Name:     Cristóbal Conde
Title:
President & Chief Executive Officer, Availability
    Services
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Cristóbal
    Conde
President & Chief Executive Officer, Availability Services
(Principal Executive Officer)
April 26, 2010
*
Michael
    J. Ruane
Executive Vice President, Finance and Chief Financial Officer,
Availability Services and Director
(Principal Financial Officer and
Principal Accounting Officer)
April 26, 2010
*
Victoria
    E. Silbey
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-45
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD PUBLIC SECTOR INC.
By:
*
Name:     Gilbert O. Santos
Title:
Chief Executive Officer, Public Sector
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Gilbert
    O. Santos
Chief Executive Officer, Public Sector and Director (Principal
    Executive Officer)
April 26, 2010
*
David
    D. Gathman
Chief Financial Officer, Public Sector  (Principal Financial
    Officer and Principal Accounting Officer)
April 26, 2010
*
Karen
    M. Mullane
Director
April 26, 2010
*
Victoria
    E. Silbey
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-46
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD REFERENCE DATA SOLUTIONS LLC
By:
*
Name:     James E. Ashton III
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
James
    E. Ashton III
Division Chief Executive Officer (Principal Executive Officer)
April 26, 2010
*
Max
    J. Broedlow
Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Manager
April 26, 2010
*
Karen
    M. Mullane
Manager
April 26, 2010
*
Victoria
    E. Silbey
Manager
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-47
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD SAS HOLDINGS INC.
By:
*
Name:     Cristóbal Conde
Title:
President
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Cristóbal
    Conde
President (Principal Executive Officer)
April 26, 2010
*
Michael
    J. Ruane
Treasurer and Director (Principal Financial Officer and
    Principal Accounting Officer)
April 26, 2010
*
Victoria
    E. Silbey
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-48
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD SECURITIES FINANCE LLC
By:
*
Name:     Harold C. Finders
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Harold
    C. Finders
Division Chief Executive Officer (Principal Executive Officer)
April 26, 2010
*
Dean
    B. Gluyas
Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Manager
April 26, 2010
*
Karen
    M. Mullane
Manager
April 26, 2010
*
Victoria
    E. Silbey
Manager
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-49
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD SECURITIES FINANCE
INTERNATIONAL LLC
By:
*
Name:     Harold C. Finders
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Harold
    C. Finders
Division Chief Executive Officer (Principal Executive Officer)
April 26, 2010
*
Dean
    B. Gluyas
Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Manager
April 26, 2010
*
Karen
    M. Mullane
Manager
April 26, 2010
*
Victoria
    E. Silbey
Manager
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-50
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD SHAREHOLDER SYSTEMS LLC
By:
*
Name:     Harold C. Finders
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Harold
    C. Finders
Division Chief Executive Officer (Principal Executive Officer)
April 26, 2010
*
Dean
    B. Gluyas
Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Manager
April 26, 2010
*
Karen
    M. Mullane
Manager
April 26, 2010
*
Victoria
    E. Silbey
Manager
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-51
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD SOFTWARE, INC.
By:
*
Name:     Robert F. Woods
Title:
President and Treasurer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Robert
    F. Woods
President and Treasurer
(Principal Executive Officer,
Principal Financial Officer and
Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Director
April 26, 2010
*
Karen
    M. Mullane
Director
April 26, 2010
*
Victoria
    E. Silbey
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-52
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD SYSTEMS INTERNATIONAL INC.
By:
*
Name:     James E. Ashton III
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
James
    E. Ashton III
Division Chief Executive Officer
April 26, 2010
*
Max
    J. Broedlow
Division Chief Financial Officer (Principal Financial
    Officer and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Director
April 26, 2010
*
Karen
    M. Mullane
Director
April 26, 2010
*
Victoria
    E. Silbey
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-53
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD TECHNOLOGY SERVICES LLC
By:
*
Name:     Cristóbal Conde
Title:
President and Chief Executive Officer,  Availability
    Services
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Cristóbal
    Conde
President and Chief Executive Officer, Availability Services
(Principal Executive Officer)
April 26, 2010
*
Michael
    J. Ruane
Executive Vice President, Finance and Chief Financial Officer,
    Availability Services and Manager
(Principal Financial Officer)
April 26, 2010
*
Victoria
    E. Silbey
Manager
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie S. Brush
Attorney-in-fact
II-54
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD VERICENTER, INC.
By:
*
Name:     Cristóbal Conde
Title:
President & Chief Executive Officer, Availability
    Services
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Cristóbal
    Conde
President & Chief Executive Officer, Availability
    Services
(Principal Executive Officer)
April 26, 2010
*
Michael
    J. Ruane
Executive Vice President, Finance and Chief Financial Officer,
    Availability Services and Director
(Principal Financial Officer)
April 26, 2010
*
Victoria
    E. Silbey
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie
    S. Brush
Attorney-in-fact
II-55
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD VPM INC.
By:
*
Name:     Harold
    C. Finders
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
Harold
    C. Finders
Division Chief Executive Officer (Principal Executive Officer)
April 26, 2010
*
Dean
    B. Gluyas
Division Chief Financial Officer (Principal Financial Officer
    and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Director
April 26, 2010
*
Karen
    M. Mullane
Director
April 26, 2010
*
Victoria
    E. Silbey
Director
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie
    S. Brush
Attorney-in-fact
II-56
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
    registrant has duly caused this Registration Statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Wayne, Commonwealth of Pennsylvania,
    on April 26, 2010.
SUNGARD WORKFLOW SOLUTIONS LLC
By:
*
Name:     James
    E. Ashton III
Title:
Division Chief Executive Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
Signature
Title
Date
*
James
    E. Ashton III
Division Chief Executive Officer (Principal Executive Officer)
April 26, 2010
*
Max
    Broedlow
Division Chief Financial Officer, (Principal Financial Officer
    and Principal Accounting Officer)
April 26, 2010
*
Thomas
    J. McDugall
Manager
April 26, 2010
*
Karen
    M. Mullane
Manager
April 26, 2010
*
Victoria
    E. Silbey
Manager
April 26, 2010
*By:
/s/
Leslie
    S. Brush
Leslie
    S. Brush
Attorney-in-fact
II-57