Exhibit 10.14
EXECUTION COPY
AMENDMENT NO. 2
Dated as of January 31, 2007
to
CREDIT AGREEMENT
Dated as of July 1, 2005
     THIS AMENDMENT NO. 2 (“Amendment”) is made as of January 31, 2007 (the
“Effective Date”) by and among eFunds Corporation (the “Borrower”), the
financial institutions listed on the signature pages hereof (the “Lenders”) and
JPMorgan Chase Bank, National Association, as Administrative Agent (the
“Agent”), under that certain Credit Agreement dated as of July 1, 2005 by and
among the Borrower, the Lenders and the Agent (as amended, the “Credit
Agreement”). Capitalized terms used herein and not otherwise defined herein
shall have the respective meanings given to them in the Credit Agreement.
     WHEREAS, the Borrower has requested that certain modifications be made to
the Credit Agreement;
     WHEREAS, certain existing Lenders (the “Departing Lenders”) identified on
the signature pages hereof as Departing Lenders have decided to cease acting as
Lenders and certain financial institutions have agreed to enter into the Credit
Agreement as new Lenders;
     WHEREAS, the Borrower, the Lenders party hereto and the Agent have agreed
to amend the Credit Agreement on the terms and conditions set forth herein;
     NOW, THEREFORE, in consideration of the premises set forth above, the terms
and conditions contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Borrower, the
Lenders party hereto and the Agent hereby agree to the following amendments to
the Credit Agreement.
     1. Amendments to Credit Agreement. Effective as of the Effective Date but
subject to the satisfaction of the conditions precedent set forth in Section 2
below, the Credit Agreement is hereby amended as follows:
     (a) The Commitments of the Lenders are amended and restated as set forth on

 

--------------------------------------------------------------------------------

 

Annex I hereto. Any new Lender signatory hereto which was not party to the
Credit Agreement prior to the date hereof (each such Lender, a “New Lender”)
shall be deemed to be a Lender for all purposes under the Credit Agreement and
each Departing Lender shall cease to be a Lender for all purposes under the
Credit Agreement. The Borrower hereby agrees to compensate each Lender
(including each Departing Lender) for any and all losses, costs and expenses
incurred by such Lender in connection with the sale and assignment of any
Eurodollar Loans and the reallocation described in Section 2(a) below, in each
case on the terms and in the manner set forth in Section 2.16 of the Credit
Agreement.
     (b) The definition of “Applicable Rate” appearing in Section 1.01 of the
Credit Agreement is amended to (i) delete the reference to “Pricing Level IV”
appearing in clause (i) thereof and substitute “Pricing Level V” in lieu thereof
and (ii) delete the pricing grid appearing therein and substitute the following
pricing grid in lieu thereof:

                      Leverage       ABR   Eurodollar Pricing Level:   Ratio:  
Commitment Fee:   Spread:   Spread:
Level I
  £0.75x   0.100%   0%   0.500%
 
               
Level II
  >0.75x but   0.125%   0%   0.625%
 
  £1.25x            
 
               
Level III
  >1.25x but   0.150%   0%   0.750%
 
  £1.75x            
 
               
Level IV
  >1.75 but £ 2.25   0.200%   0%   0.875%
 
               
Level V
  >2.25x   0.250%   0%   1.000%

     (c) The definition of “Excluded Restricted Payments” appearing in
Section 1.01 of the Credit Agreement is amended to delete the phrase “announced
by the Borrower on February 23, 2005” and substitute in lieu thereof the phrase
“commenced by the Borrower in 2007”.
     (d) The definition of “Indian Bank Guarantees” appearing in Section 1.01 of
the Credit Agreement is amended to delete the reference to “in an approximate
Dollar Amount (calculated at the time of issuance thereof) of $48,000,000”
appearing therein.
     (e) The definition of “Maturity Date” appearing in Section 1.01 of the
Credit Agreement is amended to delete the references to “July 1, 2010” appearing
therein and substitute “January 31, 2012” in lieu thereof.
     (f) The definition of “Permitted Acquisition Amount” appearing in
Section 1.01 of the Credit Agreement is amended to delete the phrase “(as so
described)” and substitute in lieu thereof the phrase “described in clause
(3) of the definition of “Permitted Acquisitions”.
     (g) Section 3.04 of the Credit Agreement is amended to delete the dates
“December 31, 2004” and “March 31, 2005” appearing therein and substitute in
lieu thereof, respectively, the dates “December 31, 2005” and “September 30,
2006”.

2

--------------------------------------------------------------------------------

 

     (h) Section 6.01(e) of the Credit Agreement is amended to delete the
reference to “$15,000,000” appearing therein and substitute “$25,000,000” in
lieu thereof.

3

--------------------------------------------------------------------------------

 

     2. Conditions of Effectiveness. The effectiveness of this Amendment is
subject to the conditions precedent that (a) the Agent and the Lenders shall
have administered the reallocation of the aggregate Revolving Credit Exposures
among the Lenders such that after giving effect to the amendments to the
Commitments pursuant hereto, each Lender’s Applicable Percentage of the
aggregate Revolving Credit Exposures is equal to such Lender’s Applicable
Percentage of the total Commitments, and (b) the Agent shall have received
(i) counterparts of this Amendment duly executed by the Borrower, each of the
Lenders (including each Departing Lender and each New Lender) and the Agent and
the Consent and Reaffirmation attached hereto duly executed by the Subsidiary
Guarantors, (ii) for the account of each Lender (other than a Departing Lender),
an upfront fee in an amount equal to 0.025% of such Lender’s Commitment (after
giving effect to the Amendment), (iii) payment and/or reimbursement of the
Agent’s reasonable fees and expenses (including, to the extent invoiced, fees
and expenses of counsel for the Agent) in connection with this Amendment and
(iv) an opinion of counsel in form and substance reasonably acceptable to the
Agent and such other instruments and documents as are reasonably requested by
the Agent.
     3. Representations and Warranties of the Borrower. The Borrower hereby
represents and warrants as follows:
     (a) This Amendment and the Credit Agreement as amended hereby constitute
legal, valid and binding obligations of the Borrower and are enforceable against
the Borrower in accordance with their terms, subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other laws affecting creditors’ rights
generally and subject to general principles of equity, regardless of whether
considered in a proceeding in equity or at law.
     (b) As of the date hereof and giving effect to the terms of this Amendment,
(i) no Default shall have occurred and be continuing and (ii) the
representations and warranties of the Borrower set forth in the Credit
Agreement, as amended hereby, are true and correct.
     4. Reference to and Effect on the Credit Agreement.
     (a) Upon the effectiveness hereof, each reference to the Credit Agreement
in the Credit Agreement or any other Loan Document shall mean and be a reference
to the Credit Agreement as amended hereby.
     (b) Except as specifically amended above, the Credit Agreement and all
other documents, instruments and agreements executed and/or delivered in
connection therewith shall remain in full force and effect and are hereby
ratified and confirmed.
     (c) The execution, delivery and effectiveness of this Amendment shall not
operate as a waiver of any right, power or remedy of the Agent or the Lenders,
nor constitute a waiver of any provision of the Credit Agreement or any other
documents, instruments and agreements executed and/or delivered in connection
therewith.
     5. Governing Law. This Amendment shall be governed by and construed in
accordance with the internal laws (including, without limitation, 735 ILCS
Section 105/5-1 et seq, but otherwise without regard to the conflict of law
provisions) of the State of Illinois, but giving effect to federal laws
applicable to national banks.

4

--------------------------------------------------------------------------------

 

     6. Headings. Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment
for any other purpose.
     7. Counterparts. This Amendment may be executed by one or more of the
parties hereto on any number of separate counterparts, and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument.
[Signature Pages Follow]

5

--------------------------------------------------------------------------------

 

     IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and
year first above written.

     
 
  eFUNDS CORPORATION,
 
  as the Borrower
 
   
 
  By: /s/ George W. Gresham
 
  Name: George W. Gresham
 
  Title: Chief Financial Officer

Signature Page to Amendment No. 2
eFunds Corporation
Credit Agreement dated as of July 1, 2005

 

--------------------------------------------------------------------------------

 

     
 
  JPMORGAN CHASE BANK, NATIONAL ASSOCIATION,
 
  as Administrative Agent, as Issuing Bank and as a Lender
 
   
 
  By: /s/ Steven J. Krakowski
 
  Name: Steven J. Krakowski
 
  Title: Senior Vice President

Signature Page to Amendment No. 2
eFunds Corporation
Credit Agreement dated as of July 1, 2005

 

--------------------------------------------------------------------------------

 

     
 
  BANK OF AMERICA, N.A.,
 
  as a Lender
 
   
 
  By: /s/ David R. Barney
 
  Name: David R. Barney
 
  Title: Senior Vice President

Signature Page to Amendment No. 2
eFunds Corporation
Credit Agreement dated as of July 1, 2005

 

--------------------------------------------------------------------------------

 

     
 
  WELLS FARGO BANK, NATIONAL ASSOCIATION,
 
  as a Lender
 
   
 
  By: /s/ Michael J. Giese
 
  Name: Michael J. Giese
 
  Title: Senior Vice President

Signature Page to Amendment No. 2
eFunds Corporation
Credit Agreement dated as of July 1, 2005

 

--------------------------------------------------------------------------------

 

     
 
  SUNTRUST BANK,
 
  as a Lender
 
   
 
  By: /s/ Timothy M. O’Leary
 
  Name: Timothy M. O’Leary
 
  Title: Director

Signature Page to Amendment No. 2
eFunds Corporation
Credit Agreement dated as of July 1, 2005

 

--------------------------------------------------------------------------------

 

     
 
  COMERICA WEST INCORPORATED,
 
  as a Lender
 
   
 
  By: /s/ Fatima Arshad
 
  Name: Fatime Arshad
 
  Title: Corporate Banking Officer

Signature Page to Amendment No. 2
eFunds Corporation
Credit Agreement dated as of July 1, 2005

 

--------------------------------------------------------------------------------

 

     
 
  THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as
 
  a New Lender
 
   
 
  By: /s/ Douglas M. Barnell
 
  Name: Douglas M. Barnell
 
  Title: Manager

Signature Page to Amendment No. 2
eFunds Corporation
Credit Agreement dated as of July 1, 2005

 

--------------------------------------------------------------------------------

 

     
 
  KEYBANK, NATIONAL ASSOCIATION,
 
  as a Departing Lender
 
   
 
  By: /s/ David A. Wild
 
  Name: David A. Wild
 
  Title: Vice President

Signature Page to Amendment No. 2
eFunds Corporation
Credit Agreement dated as of July 1, 2005

 

--------------------------------------------------------------------------------

 

     
 
  NATIONAL BANK OF ARIZONA,
 
  as a Departing Lender
 
   
 
  By: /s/ Jeffrey D. Anderson
 
  Name: Jeffrey D. Anderson
 
  Title: Vice President

Signature Page to Amendment No. 2
eFunds Corporation
Credit Agreement dated as of July 1, 2005

 

--------------------------------------------------------------------------------

 

ANNEX I
COMMITMENTS

        LENDER   COMMITMENT
JPMorgan Chase Bank, National Association
  $ 36,000,000
Bank of America, N.A.
  $ 30,000,000
Wells Fargo Bank, National Association
  $ 30,000,000
SunTrust Bank
  $ 21,500,000
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
  $ 20,000,000
Comerica West Incorporated
  $ 12,500,000
AGGREGATE COMMITMENTS
  $ 150,000,000

 

--------------------------------------------------------------------------------

 

CONSENT AND REAFFIRMATION
     Each of the undersigned hereby acknowledges receipt of a copy of the
foregoing Amendment No. 2 to the Credit Agreement dated as of July 1, 2005 (as
the same may be amended, restated, supplemented or otherwise modified from time
to time, the “Credit Agreement”) by and among eFunds Corporation (the
“Borrower”), the financial institutions from time to time party thereto (the
“Lenders”) and JPMorgan Chase Bank, National Association, in its individual
capacity as a Lender and in its capacity as contractual representative (the
“Agent”), which Amendment No. 2 is dated as of January 31, 2007 (the
“Amendment”). Capitalized terms used in this Consent and Reaffirmation and not
defined herein shall have the meanings given to them in the Credit Agreement.
Without in any way establishing a course of dealing by the Agent or any Lender,
each of the undersigned consents to the Amendment and reaffirms the terms and
conditions of the Subsidiary Guaranty and any other Loan Document executed by it
and acknowledges and agrees that such agreement and each and every such Loan
Document executed by the undersigned in connection with the Credit Agreement
remains in full force and effect and is hereby reaffirmed, ratified and
confirmed. All references to the Credit Agreement contained in the
above-referenced documents shall be a reference to the Credit Agreement as so
modified by the Amendment and as the same may from time to time hereafter be
amended, modified or restated.
[Signature Pages Follow]

 

--------------------------------------------------------------------------------

 

     IN WITNESS WHEREOF, this Consent and Reaffirmation has been duly executed
as of this 31st day of January, 2007.

     
 
  DEPOSIT PAYMENT PROTECTION SERVICES, INC.
 
   
 
  By: /s/ George W. Gresham
 
  Name: George W. Gresham
 
  Title: Treasurer
 
   
 
  CHEX SYSTEMS, INC.
 
   
 
  By: /s/ George W. Gresham
 
  Name: George W. Gresham
 
  Title: Treasurer
 
   
 
  CLEARCOMMERCE CORPORATION
 
   
 
  By: /s/ George W. Gresham
 
  Name: George W. Gresham
 
  Title: Chief Financial Officer
 
   
 
  eFUNDS IT SOLUTIONS GROUP, INC.
 
   
 
  By: /s/ George W. Gresham
 
  Name: George W. Gresham
 
  Title: Chief Financial Officer
 
   
 
  eFUNDS GLOBAL HOLDINGS CORPORATION
 
   
 
  By: /s/ George W. Gresham
 
  Name: George W. Gresham
 
  Title: Chief Financial Officer
 
   
 
  PENLEY, INC.
 
   
 
  By: /s/ George W. Gresham
 
  Name: George W. Gresham
 
  Title: Chief Financial Officer
 
   
 
  WILDCARD SYSTEMS, INC.
 
   
 
  By: /s/ George W. Gresham
 
  Name: George W. Gresham
 
  Title: Chief Financial Officer

Signature Page to Consent and Reaffirmation