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Execution Version 95538250_2 AMENDMENT NO. 4 TO CREDIT AGREEMENT AND WAIVER This
AMENDMENT NO. 4 TO CREDIT AGREEMENT AND WAIVER (this “Amendment”), dated as of
November 3, 2017, is entered into by and among EBIX, INC., a Delaware
corporation (the “Borrower”), certain subsidiaries of the Borrower party hereto
as guarantors (the “Guarantors” and collectively with the Borrower, the “Credit
Parties”) under the Credit Agreement (defined below), each Lender (as defined
below) that is a party hereto and REGIONS BANK, as administrative agent (in such
capacity, the “Administrative Agent”) and collateral agent. RECITALS WHEREAS,
the Borrower, the Administrative Agent and certain banks and other financial
institutions (the “Lenders”) are parties to that certain Credit Agreement, dated
as of August 5, 2014 (as amended hereby, as amended by that certain Amendment
No. 1 to Credit Agreement and Waiver dated as of February 3, 2015, as further
amended by that certain Amendment No. 2 to Credit Agreement dated as of June 17,
2016, as further amended by that certain Amendment No. 3 to Credit Agreement and
Waiver dated as of October 19, 2017, and as further amended, restated, extended,
supplemented or otherwise modified from time to time, the “Credit Agreement”),
pursuant to which the Lenders have extended a revolving credit facility and term
loan facility to the Borrower; WHEREAS, in the third quarter of 2016 Ebix Asia
Pacific FZ, LLC (owned 100% by Ebix Asia Holdings, Inc. (Mauritius)) became a
Material IP Subsidiary (as defined in the Credit Agreement) without notice
thereof as required under Section 7.1(e)(ii) of the Credit Agreement, and as a
result an Event of Default (as defined in the Credit Agreement) arose, and is
continuing therefrom (the “IP Subsidiary Notice Event of Default”); WHEREAS, the
Borrower and/or certain of its Subsidiaries consummated an additional Investment
in Ebix Health Exchange Holdings, LLC, which had previously been a joint venture
40% owned by the Borrower, in July 2016 (the “New Subsidiary”), and as a result
thereof the New Subsidiary became a Domestic Subsidiary of the Borrower (the “JV
Investment”); WHEREAS, at the time of the JV Investment neither the Borrower nor
any of its Subsidiaries provided notice to the Administrative Agent thereof or
otherwise complied with the requirements of Section 7.11 of the Credit Agreement
in connection therewith, and as a result an Event of Default arose, and is
continuing therefrom (the “New Subsidiary Event of Default” and together with
the IP Subsidiary Notice Event of Default, the “Subject Events of Default”);
WHEREAS, certain other Events of Default have occurred and are continuing
directly and solely as a result of the occurrence of the Subject Events of
Default, including as a result of one or more Credit Parties representing and
warranting to the absence of a Default or an Event of Default during the
pendency of one or more of the Subject Events of Default (to the extent arising
directly and solely from the occurrence of one or more of the Subject Events of
Default, and not from any unrelated action or inaction by the Borrower, any
other Credit Party or any of their Subsidiaries, the “Directly Ensuing Events of
Default”); WHEREAS, the Borrower has requested that the Lenders agree (a) to
waive each of the Subject Events of Default and the Directly Ensuing Events of
Default and (b) to amend certain provisions of the Credit Agreement, as more
particularly set forth below, and the Lenders party hereto are willing to effect
such waiver and such amendments, as provided in, and on the terms and conditions
contained in, this Amendment;

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2 95538250_2 NOW, THEREFORE, for valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties hereto hereby agree as
follows: 1. Defined Terms. Unless otherwise defined herein, capitalized terms
used herein shall have the meanings, if any, assigned to such terms in the
Credit Agreement, as amended by this Amendment. 2. Amendments to Credit
Agreement. Subject to the terms and conditions hereof and with effect from and
after the Fourth Amendment Effective Date (defined below), the Credit Agreement
is hereby amended by: (a) replacing clause (d) of the definition of “Permitted
Acquisition” in Section 1.1 of the Credit Agreement its entirety as follows:
“(d) the Consolidated Net Leverage Ratio, determined on a pro forma basis (as
provided in Section 1.3) as of the date of such Acquisition (and giving effect
thereto), shall be (i) with respect to any Acquisition being consummated at a
time when the most recent financial statements delivered pursuant to Section 7.1
are those for the fiscal quarter ended June 30, 2017, no greater than the
then-applicable Consolidated Net Leverage Ratio required to be maintained
pursuant to Section 8.7 or (ii) in any other case, at least 0.25 to 1.00 lower
than the then-applicable Consolidated Net Leverage Ratio required to be
maintained pursuant to Section 8.7;” (b) replacing the table in Section 8.7(a)
of the Credit Agreement in its entirety as follows: Period Maximum Consolidated
Net Leverage Ratio Second Amendment Effective Date through June 30, 2017 3.25 to
1.00 September 30, 2017 through December 31, 2017 3.50 to 1.00 March 31, 2018
through June 30, 2018 3.00 to 1.00 September 30, 2018 through June 30, 2019 2.75
to 1.00 September 30, 2019 and each Fiscal Quarter thereafter 2.50 to 1.00 The
parties hereto agree and understand that the amendments provided by this Section
2 shall be deemed effective once all of the conditions in Section 5 of this
Amendment have been satisfied (such date, the “Fourth Amendment Effective
Date”).

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3 95538250_2 3. Waiver of Defaults; New Subsidiary; Consent. In reliance upon
the representations, warranties and covenants of the Borrower and each other
Credit Party contained in this Amendment, and subject to the effectiveness and
the terms and conditions of this Amendment, including, without limitation, those
set forth in Section 5 hereof, as of the Fourth Amendment Effective Date, the
undersigned Lenders hereby: (a) waive each of the Subject Events of Default and
the Directly Ensuing Events of Default, provided that in no event shall any
Default or Event of Default other than the Subject Events of Default and the
Directly Ensuing Events of Default (including any Default or Event of Default
arising as a result of any action or inaction after the Fourth Amendment
Effective Date) be waived; (b) waive any requirement of the Borrower or any of
its Subsidiaries to comply with the provisions of Section 7.11 of the Credit
Agreement with respect to the New Subsidiary, its assets and its Equity
Interests; and (c) consent to each of the following Investments (each of which
was consummated in October 2017) constituting a “Specified Transaction” for
purposes of Section 1.3 of the Credit Agreement: (i) the acquisition by a
Subsidiary of the Borrower of the inward remittance business of Wall Street
Finance Ltd for a total consideration of approximately $7,300,000; and (ii) the
acquisition by a Subsidiary of the Borrower of the money transfer service scheme
business (inward remittances) of YouFirst Private Ltd. for a total consideration
of approximately $9,200,000. 4. Representations and Warranties. The Borrower and
each of the other Credit Parties, by its execution of this Amendment, hereby
represents and warrants to the Administrative Agent and the Lenders as follows:
(a) the execution, delivery and performance by each Credit Party of this
Amendment have been duly authorized by all necessary corporate or other
organizational action and do not and will not (i) violate in any material
respect the terms of any of the Credit Parties’ Organizational Documents; (ii)
except as could not reasonably be expected to have a Material Adverse Effect,
conflict with, result in a breach of or constitute (with due notice or lapse of
time or both) a default under any other Contractual Obligations of any Credit
Party, (iii) result in or require the creation of any Lien upon any of the
properties or assets of any Credit Party (other than Liens created under any of
the Credit Documents in favor of the Collateral Agent for the benefit of the
holders of the Obligations), or (iv) require any approval of stockholders,
members or partners or any approval or consent of any Person under any material
Contractual Obligation of any Credit Party; (b) this Amendment has been duly
executed and delivered by each Credit Party, and constitutes a legal, valid and
binding obligation of each Credit Party, enforceable against such Credit Party
in accordance with its terms, except as may be limited by Debtor Relief Laws or
by equitable principles relating to enforceability; (c) the representations and
warranties of each Credit Party contained in Section 6 of the Credit Agreement
and in each other Credit Document are true and correct in all material respects
on and as of the Fourth Amendment Effective Date and after giving effect to this
Amendment, except to the extent that such representations and warranties
specifically relate to an earlier date, in which case they shall be true and
correct in all material respects as of such earlier date, and except that for
purposes of this

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4 95538250_2 clause (c), the representations and warranties contained in
Sections 6.7(a) and (b) of the Credit Agreement shall be deemed to refer to the
most recent statements furnished pursuant to Sections 7.1(b) and (a) of the
Credit Agreement, respectively; and (d) after the effectiveness of this
Amendment (including the waivers set forth in Section 3 above) on the Fourth
Amendment Effective Date, no Default has occurred and is continuing. 5.
Effectiveness; Conditions Precedent. The effectiveness of this Amendment and the
amendments to the Credit Agreement herein provided are subject to the
satisfaction of the following conditions precedent: (a) the Administrative Agent
shall have received, in form and substance reasonably acceptable to the
Administrative Agent, counterparts of this Amendment, duly executed by each
Credit Party, the Administrative Agent, and the Required Lenders; (b) each of
the representations and warranties set forth in Section 4 above is true and
correct in all material respects (or, with respect to any such representation or
warranty modified by a materiality or Material Adverse Effect standard, in all
respects (taking into account such materiality or Material Adverse Effect
standard)); (c) after giving effect to this Amendment (including the waivers set
forth in Section 3 above), as of the Fourth Amendment Effective Date, no Default
or Event of Default shall have occurred and be continuing; (d) the Borrower
shall have paid to the Administrative Agent, for the pro rata account of each
Lender that executes and delivers a signature page to this Amendment by 12:00
Noon Eastern time on Friday, November 3, 2017 (collectively, the “Consenting
Lenders”), an amendment fee (the “Amendment Fee”) equal to 0.075% of the sum of
(i) the aggregate Revolving Commitments (whether or not drawn or used) of the
Consenting Lenders as of such date plus (ii) the aggregate Term Loans of the
Consenting Lenders as of such date; and (e) all fees and expenses payable to the
Administrative Agent (including the fees and expenses of counsel to the
Administrative Agent to the extent invoiced prior to the date hereof) shall have
been paid in full (without prejudice to final settling of accounts for such fees
and expenses). 6. Reaffirmation. Each Credit Party (a) acknowledges and consents
to all of the terms and conditions of this Amendment, (b) affirms all of its
obligations under the Credit Documents, as amended hereby, and (c) agrees that
this Amendment and all documents executed in connection herewith do not operate
to reduce or discharge any Credit Party’s obligations under the Credit
Documents. 7. Miscellaneous. (a) Nothing in this Amendment is intended (or shall
be construed) to constitute the consent of the Administrative Agent or any
Lender to any other transaction or the waiver by the Administrative Agent or any
Lender of any Default or Event of Default, except as expressly provided herein.
(b) Except as herein expressly amended, all terms, covenants and provisions of
the Credit Agreement and each other Credit Document are and shall remain in full
force and effect. All references in any Credit Document to the “Credit
Agreement” or “this Agreement” (or similar terms intended to reference the
Credit Agreement) shall henceforth refer to the Credit Agreement as amended

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5 95538250_2 by this Amendment. This Amendment shall be deemed incorporated
into, and a part of, the Credit Agreement. (c) This Amendment shall be binding
upon and inure to the benefit of the parties hereto, each other Lender and each
other Credit Party, and their respective successors and assigns. (d) THIS
AMENDMENT IS SUBJECT TO THE PROVISIONS OF SECTIONS 11.13 AND 11.14 OF THE CREDIT
AGREEMENT RELATING TO GOVERNING LAW, VENUE AND WAIVER OF RIGHT TO TRIAL BY JURY,
THE PROVISIONS OF WHICH ARE BY THIS REFERENCE INCORPORATED HEREIN IN FULL. (e)
This Amendment may be executed in counterparts (and by different parties hereto
in different counterparts), each of which shall constitute an original, but all
of which when taken together shall constitute a single contract. This Amendment
and the other Credit Documents constitute the entire contract among the parties
relating to the subject matter hereof and supersede any and all previous
agreements and understandings, oral or written, relating to the subject matter
hereof. This Amendment shall become effective upon satisfaction of the
conditions set forth in Section 5 hereof. Delivery of an executed counterpart of
a signature page of this Amendment by telecopy or other electronic imaging means
shall be effective as delivery of a manually executed counterpart of this
Amendment. This Amendment may not be amended except in accordance with the
provisions of Section 11.4 of the Credit Agreement. (f) If any provision of this
Amendment or the other Credit Documents is held to be illegal, invalid or
unenforceable, (i) the legality, validity and enforceability of the remaining
provisions of this Amendment and the other Credit Documents shall not be
affected or impaired thereby and (ii) the parties shall endeavor in good faith
negotiations to replace the illegal, invalid or unenforceable provisions with
valid provisions the economic effect of which comes as close as possible to that
of the illegal, invalid or unenforceable provisions. The invalidity of a
provision in a particular jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. (g) The Borrower agrees
to pay, in accordance with and subject to the limitations in Section 11.2 of the
Credit Agreement, all reasonable and documented out-of-pocket expenses incurred
by the Administrative Agent and its Affiliates in connection with the
preparation, execution, delivery, administration of this Amendment and the other
instruments and documents to be delivered hereunder. (h) This Amendment shall
constitute a “Credit Document” under and as defined in the Credit Agreement.
[Signature Pages Follow.]

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