Common use of REPRESENTATIONS AND WARRANTIES    18 Clause in Contracts

REPRESENTATIONS AND WARRANTIES    18. Section 5.1 Existence and Standing 18 Section 5.2 Authorization and Validity 18 Section 5.3 No Conflict, Government Consent 18 Section 5.4 Financial Statements 19 Section 5.5 Taxes 19 Section 5.6 Litigation and Contingent Obligations 19 Section 5.7 Subsidiaries 19 Section 5.8 ERISA 19 Section 5.9 Accuracy of Information 20 Section 5.10 Federal Reserve Regulations 20 Section 5.11 Material Agreements 20 Section 5.12 Compliance With Laws 20 Section 5.13 Properties 20 Section 5.14 Plan Assets, Prohibited Transactions 21 Section 5.15 Environmental Matters 21 Section 5.16 Insurance Law Matters 21 Section 5.17 Investment Company Act 21 Section 5.18 Public Utility Holding Company 21 Section 5.19 Post-Retirement Benefits 22 Section 5.20 Insurance 22 Section 5.21 Solvency 22 Section 5.22 Labor Matters 22 Section 6.1 Financial Reporting 23 Section 6.2 Use of Proceeds 24 Section 6.3 Notice of Default 24 Section 6.4 Conduct of Business 24 Section 6.5 Taxes 24 Section 6.6 Compliance with Laws 24 Section 6.7 Maintenance of Properties 24 Section 6.8 Books and Records; Inspection 25 Section 6.9 Indebtedness 25 Section 6.10 Merger 25 Section 6.11 Sale of Assets 25 Section 6.12 Investments and Acquisitions 25 Section 6.13 Liens 25 Section 6.14 Affiliates 26 Section 6.15 Off-Balance Sheet Liabilities 26 Section 6.16 Contingent Obligations 26 Section 6.17 Financial Contracts 26 Section 6.18 Financial Covenants 27 Section 6.19 No Amendments to Certain Documents and Agreements 27 Section 6.20 Depository/Banking Services 27 Section 6.21 Other Amounts Deemed Loans 27 Section 6.22 Further Assurances 27 Section 6.23 AM Best Rating 27 Section 6.24 Loans and Advances to Employees 28 Section 6.25 Annual Lease Expense 28 Section 6.26 Dividend Payments from Subsidiaries 28 Section 8.1 Acceleration 30 Section 8.2 Preservation of Rights 30 Section 8.3 Setoff 30 Section 9.1 Survival of Representations 31 Section 9.2 Governmental Regulation 31 Section 9.3 Headings 31 Section 9.4 Entire Agreement 31 Section 9.5 Benefits of this Agreement 31 Section 9.6 Expenses; Indemnification 31 Section 9.7 Severability of Provisions 32 Section 9.8 Nonliability of Lenders 32 Section 9.9 Confidentiality 32 Section 9.10 Nonreliance 32 Section 9.11 Disclosure 32 Section 9.12 Amendments 33 Section 9.13 Notices 33 Section 9.14 Change of Address 33 Section 9.15 Counterparts 33 Section 9.16 Choice of Law 33 Section 9.17 Consent to Jurisdiction 33 Section 9.18 Assignments 33 Section 9.19 Participations 34 Section 9.20 Dissemination of Information 34 Section 9.21 Important Information About Procedures Required by the USA Patriot Act 34 Section 9.22 Waiver Of Jury Trial 34 Section 9.23 Interest Rate Limitation 34 Section 9.24 Warrant of Attorney 35 EXHIBIT A — FORM OF PROMISSORY NOTE EXHIBIT B — FORM OF PROMISSORY NOTE EXHIBIT C — COMPLIANCE CERTIFICATE SCHEDULE 1 — SUBSIDIARIES AND OTHER INVESTMENTS SCHEDULE 2 — INDEBTEDNESS AND LIENS SCHEDULE 5.13 — ADDRESSES OF REAL PROPERTY OWNED OR LEASED BY THE BORROWERS This Credit Agreement, dated as of October 27, 2010 is by and among Bancinsurance Corporation, an Ohio corporation (“Bancinsurance”), Fenist, LLC, an Ohio limited liability company (“Fenist”), Fenist Acquisition Sub, Inc., an Ohio corporation (“FASI”, together with Bancinsurance and Fenist, “Borrowers” or individually, “Borrower”), and Fifth Third Bank, an Ohio banking corporation.

REPRESENTATIONS AND WARRANTIES    18. Section 5.1 Existence Representations and Standing Warranties of the Seller Parties 18 ARTICLE VI CONDITIONS OF PURCHASES 24 Section 5.2 6.1 Conditions Precedent to Initial Purchase and Deemed Exchange 24 Section 6.2 Conditions Precedent to All Purchases 24 ARTICLE VII COVENANTS 25 Section 7.1 Affirmative Covenants of The Seller Parties 25 Section 7.2 Negative Covenants of The Seller Parties 34 Section 7.3 Hedging Agreements 36 ARTICLE VIII ADMINISTRATION AND COLLECTION 38 Section 8.1 Designation of Servicer 38 Section 8.2 Duties of Servicer 39 Section 8.3 Collection Notices 40 Section 8.4 Responsibilities of Seller 41 Section 8.5 Reports 41 Section 8.6 Servicing Fees 41 ARTICLE IX AMORTIZATION EVENTS 41 Section 9.1 Amortization Events 41 Section 9.2 Remedies 44 ARTICLE X INDEMNIFICATION 45 Section 10.1 Indemnities by The Seller Parties 45 Section 10.2 Increased Cost and Reduced Return 47 Section 10.3 Other Costs and Expenses 48 Section 10.4 Allocations 49 Section 10.5 Accounting Based Consolidation Event 49 Section 10.6 Required Rating 50 ARTICLE XI AGENT 50 Section 11.1 Authorization and Validity 18 Action 50 Section 5.3 No Conflict, Government Consent 18 11.2 Delegation of Duties 50 Section 5.4 Financial Statements 19 11.3 Exculpatory Provisions 51 Section 5.5 Taxes 19 11.4 Reliance by Agent 51 Section 5.6 Litigation 11.5 Non-Reliance on Agent and Contingent Obligations 19 Other Purchasers 51 Section 5.7 Subsidiaries 19 11.6 Reimbursement and Indemnification 52 Section 5.8 ERISA 19 11.7 Agent in its Individual Capacity 52 Section 5.9 Accuracy of Information 20 11.8 Successor Agent 52 ARTICLE XII ASSIGNMENTS; PARTICIPATIONS 52 Section 5.10 12.1 Assignments 52 Section 12.2 Participations 54 Section 12.3 Federal Reserve Regulations 20 55 Section 5.11 Material Agreements 20 12.4 Collateral Trustee 55 ARTICLE XIII PURCHASER AGENTS 55 Section 5.12 Compliance With Laws 20 13.1 Purchaser Agents 55 ARTICLE XIV MISCELLANEOUS 56 Section 5.13 Properties 20 14.1 Waivers and Amendments 56 Section 5.14 Plan Assets, Prohibited Transactions 21 14.2 Notices 57 Section 5.15 Environmental Matters 21 14.3 Ratable Payments 57 Section 5.16 Insurance Law Matters 21 14.4 Protection of Ownership Interests of the Purchasers 57 Section 5.17 Investment Company 14.5 Confidentiality 58 Section 14.6 Bankruptcy Petition 59 Section 14.7 Limitation of Liability 59 Section 14.8 CHOICE OF LAW 59 Section 14.9 CONSENT TO JURISDICTION 59 Section 14.10 WAIVER OF JURY TRIAL 60 Section 14.11 Integration; Binding Effect; Survival of Terms 60 Section 14.12 Counterparts; Severability; Section References 61 Section 14.13 MUFG Roles and Purchaser Agent Roles 61 Section 14.14 Characterization 61 Section 14.15 Excess Funds 62 Section 14.16 Intercreditor Agreement 62 Section 14.17 Confirmation and Ratification of Terms 62 Section 14.18 Consent 63 Section 14.19 USA PATRIOT Act 21 Notice 63 Section 5.18 Public Utility Holding Company 21 Section 5.19 Post-Retirement Benefits 22 Section 5.20 Insurance 22 Section 5.21 Solvency 22 Section 5.22 Labor Matters 22 Section 6.1 Financial Reporting 23 Section 6.2 Use 14.20 Acknowledgement Regarding Any Supported QFCs 64 Exhibit I - Definitions Exhibit II - Form of Proceeds 24 Section 6.3 Purchase Notice of Default 24 Section 6.4 Conduct Exhibit III - Places of Business 24 Section 6.5 Taxes 24 Section 6.6 Compliance with Laws 24 Section 6.7 Maintenance of Properties 24 Section 6.8 Books and the Seller Parties; Locations of Records; Inspection 25 Section 6.9 Indebtedness 25 Section 6.10 Merger 25 Section 6.11 Sale Federal Employer Identification Number(s) Exhibit IV - Names of Assets 25 Section 6.12 Investments Collection Banks; Collection Accounts Exhibit V - Form of Compliance Certificate Exhibit VI - Form of Collection Account Agreement Exhibit VII - Form of Assignment Agreement Exhibit VIII - Credit and Acquisitions 25 Section 6.13 Liens 25 Section 6.14 Affiliates 26 Section 6.15 OffCollection Policy Exhibit IX - Form of Contract(s) Exhibit X - Form of Monthly Report Exhibit XI - Form of Performance Undertaking Exhibit XII - Form of Postal Notice Exhibit XIII - Form of DPP Report Schedule A - Commitments, Payment Addresses, Conduit Purchase Limits, Purchaser Agents and Related Financial Institutions Schedule B - Documents to be delivered to Agent and Each Purchaser Agent on or prior to the Initial Purchase Schedule C - Payment Instructions Affected Financial Institution 48 Agent 1 Agent’s Account 6 Aggregate Reduction 5 Amortization Event 36 Asset Portfolio 4 Assignment Agreement 47 Conduits 1 Consent Notice 14 Consent Period 14 Deemed Exchange 5 Extension Notice 14 Financial Institutions 1 Indemnified Amounts 39 Indemnified Party 39 MUFG 1 MUFG Conduit 1 MUFG Roles 55 Non-Balance Sheet Liabilities 26 Section 6.16 Contingent Renewing Financial Institution 14 Obligations 26 Section 6.17 6 Other Costs 43 Other Sellers 43 Participant 48 Payment Instruction 5 PDCo 1 Prior Agreement 1 Proposed Reduction Date 4 Purchase 2 Purchase Notice 2 Purchaser Agent Roles 55 Purchaser Agents 1 Purchasing Financial Contracts 26 Section 6.18 Institutions 47 Ratings Request 42 Reduction Notice 4 Required Ratings 42 RPA Deferred Purchase Price 6 Seller 1 Seller Parties 1 Seller Party 1 Servicer 33 Servicing Fee 36 Terminating Financial Covenants 27 Section 6.19 No Amendments to Certain Documents Institution 15 Terminating Rate Tranche 12 Termination Date 8 Termination Percentage 8 This Third Amended and Agreements 27 Section 6.20 Depository/Banking Services 27 Section 6.21 Other Amounts Deemed Loans 27 Section 6.22 Further Assurances 27 Section 6.23 AM Best Rating 27 Section 6.24 Loans and Advances to Employees 28 Section 6.25 Annual Lease Expense 28 Section 6.26 Dividend Payments from Subsidiaries 28 Section 8.1 Acceleration 30 Section 8.2 Preservation of Rights 30 Section 8.3 Setoff 30 Section 9.1 Survival of Representations 31 Section 9.2 Governmental Regulation 31 Section 9.3 Headings 31 Section 9.4 Entire Agreement 31 Section 9.5 Benefits of this Agreement 31 Section 9.6 Expenses; Indemnification 31 Section 9.7 Severability of Provisions 32 Section 9.8 Nonliability of Lenders 32 Section 9.9 Confidentiality 32 Section 9.10 Nonreliance 32 Section 9.11 Disclosure 32 Section 9.12 Amendments 33 Section 9.13 Notices 33 Section 9.14 Change of Address 33 Section 9.15 Counterparts 33 Section 9.16 Choice of Law 33 Section 9.17 Consent to Jurisdiction 33 Section 9.18 Assignments 33 Section 9.19 Participations 34 Section 9.20 Dissemination of Information 34 Section 9.21 Important Information About Procedures Required by the USA Patriot Act 34 Section 9.22 Waiver Of Jury Trial 34 Section 9.23 Interest Rate Limitation 34 Section 9.24 Warrant of Attorney 35 EXHIBIT A — FORM OF PROMISSORY NOTE EXHIBIT B — FORM OF PROMISSORY NOTE EXHIBIT C — COMPLIANCE CERTIFICATE SCHEDULE 1 — SUBSIDIARIES AND OTHER INVESTMENTS SCHEDULE 2 — INDEBTEDNESS AND LIENS SCHEDULE 5.13 — ADDRESSES OF REAL PROPERTY OWNED OR LEASED BY THE BORROWERS This Credit Restated Receivables Purchase Agreement, dated as of October 27December 3, 2010 2010, is by and among Bancinsurance Corporation, an Ohio corporation (“Bancinsurance”), FenistPDC Funding Company, LLC, an Ohio a Minnesota limited liability company (the “FenistSeller”), Fenist Acquisition SubXxxxxxxxx Companies, Inc., an Ohio a Minnesota corporation (“FASI”, together with Bancinsurance its successors and Fenist, assigns “Borrowers” or individually, “BorrowerPDCo”), as initial Servicer (Servicer together with Seller, the “Seller Parties” and Fifth Third each a “Seller Party”), the entities listed on Schedule A to this Agreement under the heading “Financial Institution” (together with any of their respective successors and assigns hereunder, the “Financial Institutions”), the entities listed on Schedule A to this Agreement under the heading “Conduit” (together with any of their respective successors and assigns hereunder, the “Conduits”), the entities listed on Schedule A to this Agreement under the heading “Purchaser Agent” (together with any of their respective successors and assigns hereunder, the “Purchaser Agents”) and MUFG Bank, an Ohio banking corporation.Ltd. (f/k/a The Bank of Tokyo-Mitsubishi UFJ, Ltd.) (“MUFG”), as assignee of JPMorgan, as agent for the Purchasers hereunder or any successor agent hereunder (together with its successors and assigns hereunder, the “Agent”). Unless defined elsewhere herein, capitalized terms used in this Agreement shall have the meanings assigned to such terms in Exhibit I.

REPRESENTATIONS AND WARRANTIES    18. Section 5.1 Existence 4.01. Representations and Standing Warranties of Centurion Relating to Centurion 18 Section 5.2 Authorization 4.02. Representations and Validity 18 Section 5.3 No Conflict, Government Consent 18 Section 5.4 Financial Statements Warranties of Centurion Relating to the Agreement and the Receivables 19 Section 5.5 Taxes 19 4.03. Representations and Warranties of TRS 21 ARTICLE V COVENANTS 23 Section 5.6 Litigation and Contingent Obligations 19 5.01. Covenants of Centurion 23 Section 5.7 Subsidiaries 19 Section 5.8 ERISA 19 Section 5.9 Accuracy of Information 20 Section 5.10 Federal Reserve Regulations 20 Section 5.11 Material Agreements 20 Section 5.12 Compliance With Laws 20 Section 5.13 Properties 20 Section 5.14 Plan Assets, Prohibited Transactions 21 Section 5.15 Environmental Matters 21 Section 5.16 Insurance Law Matters 21 Section 5.17 Investment Company Act 21 Section 5.18 Public Utility Holding Company 21 Section 5.19 Post-Retirement Benefits 22 Section 5.20 Insurance 22 Section 5.21 Solvency 22 Section 5.22 Labor Matters 22 Section 6.1 Financial Reporting 23 Section 6.2 Use of Proceeds 24 Section 6.3 Notice of Default 24 Section 6.4 Conduct of Business 24 Section 6.5 Taxes 24 Section 6.6 Compliance with Laws 24 Section 6.7 Maintenance of Properties 24 Section 6.8 Books and Records; Inspection 5.02. Records 25 Section 6.9 Indebtedness 25 Section 6.10 Merger 25 Section 6.11 Sale of Assets 25 Section 6.12 Investments and Acquisitions 25 Section 6.13 Liens 25 Section 6.14 Affiliates ARTICLE VI REPURCHASE OBLIGATION 26 Section 6.15 Off-Balance Sheet Liabilities 6.01. Reassignment of Ineligible Receivables 26 Section 6.16 Contingent Obligations 6.02. Reassignment of Other Receivables 26 Section 6.17 Financial Contracts 26 Section 6.18 Financial Covenants 27 Section 6.19 No Amendments to Certain Documents and Agreements 27 Section 6.20 Depository/Banking Services 27 Section 6.21 Other Amounts Deemed Loans 27 Section 6.22 Further Assurances 27 Section 6.23 AM Best Rating 27 Section 6.24 Loans and Advances to Employees ARTICLE VII CONDITIONS PRECEDENT 28 Section 6.25 Annual Lease Expense 7.01. Conditions to TRS’s Obligations Regarding Initial Receivables 28 Section 6.26 Dividend Payments from Subsidiaries 7.02. Conditions Precedent to Centurion’s Obligations 28 Section 8.1 Acceleration ARTICLE VIII TERM AND PURCHASE TERMINATION 30 Section 8.2 Preservation of Rights 8.01. Term 30 Section 8.3 Setoff 8.02. Purchase Termination 30 Section 9.1 Survival of Representations ARTICLE IX MISCELLANEOUS PROVISIONS 31 Section 9.2 Governmental Regulation 9.01. Amendment 31 Section 9.3 Headings 9.02. Governing Law 31 Section 9.4 Entire Agreement 9.03. Notices 31 Section 9.5 Benefits of this Agreement 31 Section 9.6 Expenses; Indemnification 31 Section 9.7 9.04. Severability of Provisions 32 Section 9.8 Nonliability of Lenders 9.05. Assignment 32 Section 9.9 Confidentiality 9.06. Acknowledgement and Agreement of Centurion 32 Section 9.10 Nonreliance 9.07. Further Assurances 32 Section 9.11 Disclosure 32 Section 9.12 Amendments 9.08. No Waiver; Cumulative Remedies 33 Section 9.13 Notices 33 Section 9.14 Change of Address 33 Section 9.15 9.09. Counterparts 33 Section 9.16 Choice of Law 9.10. Binding; Third-Party Beneficiaries 33 Section 9.17 Consent to Jurisdiction 9.11. Merger and Integration 33 Section 9.18 Assignments 9.12. Headings 33 Section 9.19 Participations 9.13. Schedules and Exhibits 33 Section 9.14. Survival of Representations and Warranties 33 Section 9.15. Nonpetition Covenant 34 Section 9.20 Dissemination of Information 34 Section 9.21 Important Information About Procedures Required by the USA Patriot Act 34 Section 9.22 Waiver Of Jury Trial 34 Section 9.23 Interest Rate Limitation 34 Section 9.24 Warrant of Attorney 35 EXHIBIT A — FORM OF PROMISSORY NOTE AGGREGATE ADDITION ACCOUNT SUPPLEMENTAL CONVEYANCE.............................................................................................. A-1 EXHIBIT B — FORM OF PROMISSORY NOTE EXHIBIT C — COMPLIANCE CERTIFICATE SUPPLEMENTAL CONVEYANCE FOR NEW ACCOUNTS.................................................................................................... B-1 SCHEDULE 1 — SUBSIDIARIES LIST OF ACCOUNTS .....................................................................................S-1 AMENDED AND OTHER INVESTMENTS SCHEDULE 2 — INDEBTEDNESS AND LIENS SCHEDULE 5.13 — ADDRESSES OF REAL PROPERTY OWNED OR LEASED BY THE BORROWERS This Credit AgreementRESTATED RECEIVABLES PURCHASE AGREEMENT, dated as of October 27July 29, 2010 is 2016, by and among Bancinsurance Corporationbetween AMERICAN EXPRESS CENTURION BANK, an Ohio a Utah industrial bank (together with its successors and assigns, “Centurion”) and AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC., a New York corporation (together with its successors and assigns, “BancinsuranceTRS”), Fenist, LLC, an Ohio limited liability company (“Fenist”), Fenist Acquisition Sub, Inc., an Ohio corporation (“FASI”, together with Bancinsurance and Fenist, “Borrowers” or individually, “Borrower”), and Fifth Third Bank, an Ohio banking corporation.

REPRESENTATIONS AND WARRANTIES    18. Section 5.1 Existence 4.01 Representations and Standing Warranties of the Seller 18 Section 5.2 Authorization 4.02 Representations and Validity 18 Section 5.3 No Conflict, Government Consent 18 Section 5.4 Financial Statements 19 Section 5.5 Taxes 19 Section 5.6 Litigation and Contingent Obligations 19 Section 5.7 Subsidiaries 19 Section 5.8 ERISA 19 Section 5.9 Accuracy Warranties of Information 20 Section 5.10 Federal Reserve Regulations 20 Section 5.11 Material Agreements 20 Section 5.12 Compliance With Laws 20 Section 5.13 Properties 20 Section 5.14 Plan Assets, Prohibited Transactions the AGCO 21 Section 5.15 Environmental Matters 21 Section 5.16 Insurance Law Matters 21 Section 5.17 Investment Company Act 21 Section 5.18 Public Utility Holding Company 21 Section 5.19 Post-Retirement Benefits 4.03 Representations and Warranties of the Purchaser 22 Section 5.20 Insurance 22 5.01 Conditions Precedent to Initial Purchase 23 Section 5.21 Solvency 22 Section 5.22 Labor Matters 22 Section 6.1 Financial Reporting 23 Section 6.2 Use of Proceeds 5.02 Conditions Precedent to All Purchases 24 Section 6.3 Notice of Default 24 Section 6.4 Conduct of Business 24 Section 6.5 Taxes 24 Section 6.6 Compliance with Laws 24 Section 6.7 Maintenance of Properties 24 Section 6.8 Books and Records; Inspection 6.01 Affirmative Covenants 25 Section 6.9 Indebtedness 25 Section 6.10 Merger 25 Section 6.11 Sale 6.02 Negative Covenants of Assets 25 Section 6.12 Investments and Acquisitions 25 Section 6.13 Liens 25 Section 6.14 Affiliates 26 Section 6.15 Off-Balance Sheet Liabilities 26 Section 6.16 Contingent Obligations 26 Section 6.17 Financial Contracts 26 Section 6.18 Financial Covenants the Seller 27 Section 6.19 No Amendments to Certain Documents and Agreements 27 Section 6.20 Depository/Banking Services 27 Section 6.21 Other Amounts Deemed Loans 27 Section 6.22 Further Assurances 27 Section 6.23 AM Best Rating 27 Section 6.24 Loans and Advances to Employees 7.01 Purchase Termination Events 28 Section 6.25 Annual Lease Expense 28 7.02 Remedies for Purchase Termination Event 29 Section 6.26 Dividend Payments from Subsidiaries 28 Section 8.1 Acceleration 7.03 Purchase Suspension Events 30 Section 8.2 Preservation of Rights 7.04 Remedies for Purchase Suspension Event 30 Section 8.3 Setoff 8.01 Indemnities 30 Section 9.1 Survival 8.02 Responsibilities of Representations the Seller 31 Section 9.2 Governmental Regulation 9.01 Waivers and Amendments 31 TABLE OF CONTENTS (continued) Section 9.02 Notices 31 Section 9.3 Headings 9.03 Assignments and Participations 31 Section 9.4 Entire Agreement 31 Section 9.5 Benefits of this Agreement 31 Section 9.6 Expenses; Indemnification 31 Section 9.7 Severability of Provisions 32 Section 9.8 Nonliability of Lenders 32 Section 9.9 9.04 Confidentiality 32 Section 9.10 Nonreliance 9.05 Limitation of Liability 32 Section 9.06 Governing Law; Consent to Jurisdiction; Waiver of Objection to Venue 33 Section 9.07 Waiver of Jury Trial 33 Section 9.08 Integration; Binding Effect; Survival of Terms 33 Section 9.09 Protection of Ownership Interests of the Purchaser; Collection 33 Section 9.10 Accounting 34 Section 9.11 Disclosure 32 Counterparts; Severability; Section References 34 Section 9.12 Amendments 33 Sale Characterization; Grant of Security Interest 34 Section 9.13 Notices 33 Section 9.14 Change Paramountcy 35 EXHIBITS Exhibit A Form of Address 33 Section 9.15 Counterparts 33 Section 9.16 Choice Receivables Purchase Report Exhibit B Form of Law 33 Section 9.17 Consent to Jurisdiction 33 Section 9.18 Assignments 33 Section 9.19 Participations 34 Section 9.20 Dissemination Assignment Exhibit C Form of Information 34 Section 9.21 Important Information About Procedures Required by the USA Patriot Act 34 Section 9.22 Waiver Of Jury Trial 34 Section 9.23 Interest Rate Limitation 34 Section 9.24 Warrant Quebec Assignment Exhibit D Collection Rights Power of Attorney 35 EXHIBIT A — FORM OF PROMISSORY NOTE EXHIBIT B — FORM OF PROMISSORY NOTE EXHIBIT C — COMPLIANCE CERTIFICATE SCHEDULE 1 — SUBSIDIARIES AND OTHER INVESTMENTS SCHEDULE 2 — INDEBTEDNESS AND LIENS SCHEDULE 5.13 — ADDRESSES OF REAL PROPERTY OWNED OR LEASED BY THE BORROWERS Schedule I CRA Business Number Schedule II Addresses Schedule III List of Closing Documents Schedule IV Interim Servicing Appendix This Credit RECEIVABLES PURCHASE AGREEMENT (this “Agreement, dated ”) is entered into as of October 27December 22, 2010 is by and among Bancinsurance Corporation, an Ohio corporation (“Bancinsurance”), Fenist, LLC, an Ohio limited liability company (“Fenist”), Fenist Acquisition Sub, Inc., an Ohio corporation (“FASI”, together with Bancinsurance and Fenist, “Borrowers” or individually, “Borrower”), and Fifth Third Bank, an Ohio banking corporation.2009 among:

REPRESENTATIONS AND WARRANTIES    18. Section 5.1 Existence Representations and Standing Warranties of the Seller Parties 18 ARTICLE VI CONDITIONS OF PURCHASES 24 742515825 10446458 i Section 5.2 6.1 Conditions Precedent to Initial Purchase and Deemed Exchange 24 Section 6.2 Conditions Precedent to All Purchases 24 ARTICLE VII COVENANTS 25 Section 7.1 Affirmative Covenants of The Seller Parties 25 Section 7.2 Negative Covenants of The Seller Parties 34 Section 7.3 Hedging Agreements 36 ARTICLE VIII ADMINISTRATION AND COLLECTION 38 Section 8.1 Designation of Servicer 38 Section 8.2 Duties of Servicer 39 Section 8.3 Collection Notices 40 Section 8.4 Responsibilities of Seller 41 Section 8.5 Reports 41 Section 8.6 Servicing Fees 41 ARTICLE IX AMORTIZATION EVENTS 41 Section 9.1 Amortization Events 41 Section 9.2 Remedies 44 ARTICLE X INDEMNIFICATION 45 Section 10.1 Indemnities by The Seller Parties 45 Section 10.2 Increased Cost and Reduced Return 47 Section 10.3 Other Costs and Expenses 48 Section 10.4 Allocations 49 Section 10.5 Accounting Based Consolidation Event 49 Section 10.6 Required Rating 50 ARTICLE XI AGENT 50 Section 11.1 Authorization and Validity 18 Action 50 Section 5.3 No Conflict, Government Consent 18 11.2 Delegation of Duties 50 Section 5.4 Financial Statements 19 11.3 Exculpatory Provisions 51 Section 5.5 Taxes 19 11.4 Reliance by Agent 51 Section 5.6 Litigation 11.5 Non-Reliance on Agent and Contingent Obligations 19 Other Purchasers 51 Section 5.7 Subsidiaries 19 11.6 Reimbursement and Indemnification 52 Section 5.8 ERISA 19 11.7 Agent in its Individual Capacity 52 742515825 10446458 ii Section 5.9 Accuracy of Information 20 11.8 Successor Agent 52 ARTICLE XII ASSIGNMENTS; PARTICIPATIONS 52 Section 5.10 12.1 Assignments 52 Section 12.2 Participations 54 Section 12.3 Federal Reserve Regulations 20 55 Section 5.11 Material Agreements 20 12.4 Collateral Trustee 55 ARTICLE XIII PURCHASER AGENTS 55 Section 5.12 Compliance With Laws 20 13.1 Purchaser Agents 55 ARTICLE XIV MISCELLANEOUS 56 Section 5.13 Properties 20 14.1 Waivers and Amendments 56 Section 5.14 Plan Assets, Prohibited Transactions 21 14.2 Notices 57 Section 5.15 Environmental Matters 21 14.3 Ratable Payments 57 Section 5.16 Insurance Law Matters 21 14.4 Protection of Ownership Interests of the Purchasers 57 Section 5.17 Investment Company 14.5 Confidentiality 58 Section 14.6 Bankruptcy Petition 59 Section 14.7 Limitation of Liability 59 Section 14.8 CHOICE OF LAW 59 Section 14.9 CONSENT TO JURISDICTION 59 Section 14.10 WAIVER OF JURY TRIAL 60 Section 14.11 Integration; Binding Effect; Survival of Terms 60 Section 14.12 Counterparts; Severability; Section References 61 Section 14.13 MUFG Roles and Purchaser Agent Roles 61 Section 14.14 Characterization 61 Section 14.15 Excess Funds 62 Section 14.16 Intercreditor Agreement 62 Section 14.17 Confirmation and Ratification of Terms 62 Section 14.18 Consent 63 Section 14.19 USA PATRIOT Act 21 Notice 63 Section 5.18 Public Utility Holding Company 21 Section 5.19 Post-Retirement Benefits 22 Section 5.20 Insurance 22 Section 5.21 Solvency 22 Section 5.22 Labor Matters 22 Section 6.1 Financial Reporting 23 Section 6.2 Use 14.20 Acknowledgement Regarding Any Supported QFCs 64 742515825 10446458 iii Exhibit I - Definitions Exhibit II - Form of Proceeds 24 Section 6.3 Purchase Notice of Default 24 Section 6.4 Conduct Exhibit III - Places of Business 24 Section 6.5 Taxes 24 Section 6.6 Compliance with Laws 24 Section 6.7 Maintenance of Properties 24 Section 6.8 Books and the Seller Parties; Locations of Records; Inspection 25 Section 6.9 Indebtedness 25 Section 6.10 Merger 25 Section 6.11 Sale Federal Employer Identification Number(s) Exhibit IV - Names of Assets 25 Section 6.12 Investments Collection Banks; Collection Accounts Exhibit V - Form of Compliance Certificate Exhibit VI - Form of Collection Account Agreement Exhibit VII - Form of Assignment Agreement Exhibit VIII - Credit and Acquisitions 25 Section 6.13 Liens 25 Section 6.14 Affiliates 26 Section 6.15 OffCollection Policy Exhibit IX - Form of Contract(s) Exhibit X - Form of Monthly Report Exhibit XI - Form of Performance Undertaking Exhibit XII - Form of Postal Notice Exhibit XIII - Form of DPP Report Schedule A - Commitments, Payment Addresses, Conduit Purchase Limits, Purchaser Agents and Related Financial Institutions Schedule B - Documents to be delivered to Agent and Each Purchaser Agent on or prior to the Initial Purchase Schedule C - Payment Instructions iv 742515825 10446458 Affected Financial Institution 62 Agent 1 Agent’s Account 7 Aggregate Reduction 5 Amortization Event 47 Asset Portfolio 4 Assignment Agreement 62 Conduits 1 Consent Notice 24 Consent Period 24 Deemed Exchange 5 Extension Notice 23 Financial Institutions 1 Indemnified Amounts 50 Indemnified Party 50 MUFG 1 MUFG Conduit 1 MUFG Roles 69 Non-Balance Sheet Liabilities 26 Section 6.16 Contingent Renewing Financial Institution 24 Obligations 26 Section 6.17 6 Other Costs 54 Other Sellers 54 Participant 63 Payment Instruction 5 PDCo 1 Prior Agreement 1 Proposed Reduction Date 4 Purchase 2 Purchase Notice 2 Purchaser Agent Roles 69 Purchaser Agents 1 Purchasing Financial Contracts 26 Section 6.18 Institutions 62 Ratings Request 53 Reduction Notice 4 Required Ratings 53 RPA Deferred Purchase Price 6 Seller 1 Seller Parties 1 Seller Party 1 Servicer 44 Servicing Fee 47 Terminating Financial Covenants 27 Section 6.19 No Amendments to Certain Documents Institution 24 Terminating Rate Tranche 13 Termination Date 8 Termination Percentage 8 742515825 10446458 This Third Amended and Agreements 27 Section 6.20 Depository/Banking Services 27 Section 6.21 Other Amounts Deemed Loans 27 Section 6.22 Further Assurances 27 Section 6.23 AM Best Rating 27 Section 6.24 Loans and Advances to Employees 28 Section 6.25 Annual Lease Expense 28 Section 6.26 Dividend Payments from Subsidiaries 28 Section 8.1 Acceleration 30 Section 8.2 Preservation of Rights 30 Section 8.3 Setoff 30 Section 9.1 Survival of Representations 31 Section 9.2 Governmental Regulation 31 Section 9.3 Headings 31 Section 9.4 Entire Agreement 31 Section 9.5 Benefits of this Agreement 31 Section 9.6 Expenses; Indemnification 31 Section 9.7 Severability of Provisions 32 Section 9.8 Nonliability of Lenders 32 Section 9.9 Confidentiality 32 Section 9.10 Nonreliance 32 Section 9.11 Disclosure 32 Section 9.12 Amendments 33 Section 9.13 Notices 33 Section 9.14 Change of Address 33 Section 9.15 Counterparts 33 Section 9.16 Choice of Law 33 Section 9.17 Consent to Jurisdiction 33 Section 9.18 Assignments 33 Section 9.19 Participations 34 Section 9.20 Dissemination of Information 34 Section 9.21 Important Information About Procedures Required by the USA Patriot Act 34 Section 9.22 Waiver Of Jury Trial 34 Section 9.23 Interest Rate Limitation 34 Section 9.24 Warrant of Attorney 35 EXHIBIT A — FORM OF PROMISSORY NOTE EXHIBIT B — FORM OF PROMISSORY NOTE EXHIBIT C — COMPLIANCE CERTIFICATE SCHEDULE 1 — SUBSIDIARIES AND OTHER INVESTMENTS SCHEDULE 2 — INDEBTEDNESS AND LIENS SCHEDULE 5.13 — ADDRESSES OF REAL PROPERTY OWNED OR LEASED BY THE BORROWERS This Credit Restated Receivables Purchase Agreement, dated as of October 27December 3, 2010 2010, is by and among Bancinsurance Corporation, an Ohio corporation (“Bancinsurance”), FenistPDC Funding Company, LLC, an Ohio a Minnesota limited liability company (the “FenistSeller”), Fenist Acquisition SubXxxxxxxxx Companies, Inc., an Ohio a Minnesota corporation (“FASI”, together with Bancinsurance its successors and Fenist, assigns “Borrowers” or individually, “BorrowerPDCo”), as initial Servicer (Servicer together with Seller, the “Seller Parties” and Fifth Third each a “Seller Party”), the entities listed on Schedule A to this Agreement under the heading “Financial Institution” (together with any of their respective successors and assigns hereunder, the “Financial Institutions”), the entities listed on Schedule A to this Agreement under the heading “Conduit” (together with any of their respective successors and assigns hereunder, the “Conduits”), the entities listed on Schedule A to this Agreement under the heading “Purchaser Agent” (together with any of their respective successors and assigns hereunder, the “Purchaser Agents”) and MUFG Bank, an Ohio banking corporation.Ltd. (f/k/a The Bank of Tokyo-Mitsubishi UFJ, Ltd.) (“MUFG”), as assignee of JPMorgan, as agent for the Purchasers hereunder or any successor agent hereunder (together with its successors and assigns hereunder, the “Agent”). Unless defined elsewhere herein, capitalized terms used in this Agreement shall have the meanings assigned to such terms in Exhibit I.