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94953224_3 AMENDMENT NO. 3 TO CREDIT AGREEMENT AND WAIVER This AMENDMENT NO. 3
TO CREDIT AGREEMENT AND WAIVER (this “Amendment”), dated as of October 19, 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, 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, the Borrower and/or certain of its Subsidiaries have made one
or more Restricted Payments during the period from October 1, 2016 through
September 30, 2017 in excess of the amount permitted under the Credit Agreement,
and as a result of which one or more Events of Default has occurred and is
continuing under the Credit Agreement (the “RP 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 RP 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 the RP Events of
Default (to the extent arising directly and solely from the occurrence of the RP
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 the RP 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; 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 Third Amendment Effective Date (defined below),
the Credit Agreement is hereby amended by: (a) replacing the definition of
“Permitted Restricted Payment Limit” in its entirety as follows:

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2 94953224_3 “ ‘Permitted Restricted Payment Limit’ means, with respect to any
Fiscal Year, an amount equal to the sum of (a) $20,000,000 plus (b) amounts
available to, but not utilized by, the Borrower pursuant to clause (a) in the
Fiscal Year in which the Second Amendment Effective Date occurs and each ensuing
Fiscal Year; provided that if the Consolidated Net Leverage Ratio, determined on
a pro forma basis (as provided in Section 1.3) as of the date of any Restricted
Payment, is less than 2.25 to 1.00, the amount of such Restricted Payment shall
be deemed to be within the Permitted Restricted Payment Limit but not constitute
usage of the dollar amounts in clauses (a) and (b).” (b) adding the following
proviso to the end of Section 8.3 of the Credit Agreement: “; provided that
notwithstanding the foregoing, during the period from October 1, 2017 through
and including December 31, 2017, the foregoing clause (c) shall be limited
solely to the payment of dividends (and not any other distribution, including
any repurchase of Equity Interests) in an aggregate amount not to exceed
$2,750,000 (and for the avoidance of doubt, the requirements of clauses (a) and
(b) of the definition of Permitted Restricted Payment shall be required to be
satisfied in connection with any Restricted Payment made during such period
pursuant to the foregoing clause (c))”. 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 “Third Amendment Effective Date”). 3. Waiver of Defaults. 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 Third Amendment Effective Date,
the undersigned Lenders hereby waive the RP 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 RP 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 Third Amendment Effective Date) be waived. 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;

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3 94953224_3 (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 Third 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 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 Third 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
Third Amendment Effective Date, no Default or Event of Default shall have
occurred and be continuing; and (d) 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 by
this Amendment. This Amendment shall be deemed incorporated into, and a part of,
the Credit Agreement.

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4 94953224_3 (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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