Pledge Agreement, dated 9/24/07 among FDC, CS, CIB as Collateral Agent.



 EXHIBIT 10.12 
 PLEDGE AGREEMENT 
 PLEDGE AGREEMENT dated as of September 24, 2007 among First Data Corporation, a
Delaware corporation (the “Company”), each of the Subsidiaries of the Company listed on the signature pages hereto or that becomes a party hereto pursuant to Section 9 hereof (each such Subsidiary being a “Subsidiary
Pledgor” and, collectively, the “Subsidiary Pledgors”; the Subsidiary Pledgors and the Company are referred to collectively as the “Pledgors”) and Credit Suisse, Cayman Islands Branch, as Collateral Agent
(in such capacity, the “Collateral Agent”) under the Credit Agreement (as defined below) for the benefit of the Secured Parties (as defined below). 
 WITNESSETH: 
 WHEREAS, the Company is party to the Credit Agreement dated as of September 24,
2007 (as the same may be amended, restated, supplemented or otherwise modified, refinanced or replaced from time to time, the “Credit Agreement”) among the Company, the lenders or other financial institutions or entities from time
to time party thereto (the “Lenders”), and Credit Suisse, Cayman Islands Branch, as Administrative Agent and as Collateral Agent; 
 WHEREAS, (a) pursuant to the Credit Agreement, among other things, the Lenders have severally agreed to make Loans to the Company and the Letter of Credit Issuer has agreed to issue Letters of Credit for the account of the Company and
its Restricted Subsidiaries (collectively, the “Extensions of Credit”) upon the terms and subject to the conditions set forth therein, (b) one or more Cash Management Banks or Hedge Banks may from time to time enter into
Secured Cash Management Agreements or Secured Hedge Agreements with the Company and/or its Subsidiaries and (c) the Existing Secured Letter of Credit Issuers have issued Existing Secured Letters of Credit; 
 WHEREAS, pursuant to the Guarantee, dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the
“Guarantee”), each Subsidiary Pledgor has agreed to unconditionally and irrevocably guarantee, as primary obligor and not merely as surety, to the Administrative Agent for the benefit of the Secured Parties, the prompt and complete
payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations (as defined below); 
 WHEREAS, each Subsidiary Pledgor is a Subsidiary; 
 WHEREAS, the proceeds of the Extensions of Credit will be used in part to
enable the Company to make valuable transfers to the Subsidiary Pledgors in connection with the operation of their respective businesses; 
 WHEREAS, each Pledgor acknowledges that it will derive substantial direct and indirect benefit from the making of the Extensions of Credit; 







 WHEREAS, it is a condition precedent to the obligation of the Lenders and the Letter of Credit Issuer to
make their respective Extensions of Credit to the Company under the Credit Agreement that the Company and the Subsidiary Pledgors shall have executed and delivered this Pledge Agreement to the Collateral Agent for the benefit of the Secured Parties;
and 
 WHEREAS, (a) the Pledgors are the legal and beneficial owners of the Equity Interests, described in Schedule 1 hereto and issued
by the entities named therein (the pledged Equity Interests are, together with any Equity Interests of the issuer of such Equity Interests or any other Subsidiary directly held by any Pledgor in the future (the “After-acquired
Shares”), in each case, except to the extent excluded from the Collateral for the applicable Obligations pursuant to the last paragraph of Section 2 below, referred to collectively herein as the “Pledged Shares”) and
(b) each of the Pledgors is the legal and beneficial owner of the Indebtedness described in Schedule 1 hereto (together with any other Indebtedness owed to any Pledgor hereafter and required to be pledged pursuant to Section 9.12(a) of the
Credit Agreement, the “Pledged Debt”); 
 NOW, THEREFORE, in consideration of the premises and to induce the Administrative
Agent, the Collateral Agent, the Lenders and the Letter of Credit Issuer to enter into the Credit Agreement and to induce the respective Lenders and the Letter of Credit Issuer to make their respective Extensions of Credit under the Credit
Agreement, to induce one or more Cash Management Banks and Hedge Banks to enter into Secured Cash Managements Agreements and Secured Hedge Agreements with the Company and/or its Subsidiaries and to induce the Existing Secured Letter of Credit
Issuers to continue the Existing Secured Letters of Credit, the Pledgors hereby agree with the Collateral Agent, for the benefit of the Secured Parties, as follows: 
 1. Defined Terms. 
 (a) Unless otherwise defined herein, terms defined in the Credit Agreement and
used herein shall have the meanings given to them in the Credit Agreement. 
 (b) “Proceeds” and any other term used herein
or in the Credit Agreement without definition that is defined in the UCC has the meaning given to it in the UCC. 
 (c)
“Collateral” shall have the meaning provided in Section 2. 
 (d) As used herein, the term “Equity
Interests” shall mean, collectively, Stock and Stock Equivalents. 
 (e) As used herein, the term “UCC” shall mean
the Uniform Commercial Code as from time to time in effect in the State of New York; provided, however, that, in the event that, by reason of mandatory provisions of law, any of the attachment, perfection or priority of the Collateral
Agent’s and the Secured Parties’ security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform
Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such attachment, perfection or priority and for purposes of definitions related to such provisions 
 (f) References to “Lenders” in this Pledge Agreement shall be deemed to include Cash Management Banks that may from time to time enter into
Secured Cash Management Agreements and Hedge Banks that may from time to time enter into Secured Hedge Agreements with the Company and/or its Subsidiaries and each Existing Secured Letter of Credit Issuer. 







 (g) The words “hereof”, “herein” and “hereunder” and words of similar
import when used in this Pledge Agreement shall refer to this Pledge Agreement as a whole and not to any particular provision of this Pledge Agreement, and Section references are to Sections of this Pledge Agreement unless otherwise specified. The
words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. 
 (h) The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms. 
 2. Grant of Security. Each Pledgor hereby transfers, assigns and pledges to the Collateral Agent, for the benefit of the Secured Parties, and grants to the Collateral Agent, for the benefit of the Secured
Parties, a lien on and a security interest in (the “Security Interest”) all of such Pledgor’s right, title and interest in, to and under the following, whether now owned or existing or at any time hereafter acquired or existing
(collectively, the “Collateral”): 
 (a) the Pledged Shares held by such Pledgor and the certificates
representing such Pledged Shares and any interest of such Pledgor in the entries on the books of the issuer of the Pledged Shares or any financial intermediary pertaining to the Pledged Shares and all dividends, cash, warrants, rights, instruments
and other property or Proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the Pledged Shares. 
 (b) the Pledged Debt and the instruments evidencing the Pledged Debt owed to such Pledgor, and all interest, cash, instruments and other
property or Proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such Pledged Debt; and 
 (c) to the extent not covered by clauses (a) and (b) above, respectively, all Proceeds of any or all of the foregoing Collateral. 
 Notwithstanding the foregoing, the Collateral for the Obligations shall not include any Excluded Stock and Stock Equivalents. 
 3. Security for Obligations. This Pledge Agreement secures the payment of all the Obligations of each Credit Party. Without limiting the
generality of the foregoing, this Pledge Agreement secures the payment of all amounts that constitute part of the Obligations and would be owed by any of the Credit Parties to the Secured Parties under the Credit Documents but for the fact that they
are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving any Credit Party. 
 4. Delivery of the Collateral. All certificates or instruments, if any, representing or evidencing the Collateral shall be promptly delivered to and held by or on behalf of the Collateral Agent pursuant hereto to the extent required
by the Credit Agreement and shall be in suitable form for transfer by delivery, or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance reasonably satisfactory to the Collateral 








 
Agent. The Collateral Agent shall have the right, at any time after the occurrence and during the continuance of an Event of Default and with notice to the
relevant Pledgor, to transfer to or to register in the name of the Collateral Agent or any of its nominees any or all of the Pledged Shares. Each delivery of Collateral (including any After-acquired Shares) shall be accompanied by a notice to the
Collateral Agent describing the securities theretofore and then being pledged hereunder. 
 5. Representations and Warranties. Each
Pledgor represents and warrants as follows: 
 (a) Schedule 1 hereto (i) correctly represents as of the Closing Date
(A) the issuer, the certificate number, the Pledgor and the record and beneficial owner, the number and class and the percentage of the issued and outstanding Equity Interests of such class of all Pledged Shares and (B) the issuer, the
initial principal amount, the Pledgor and holder, date of issuance and maturity date of all Pledged Debt and (ii) together with the comparable schedule to each supplement hereto, includes all Equity Interests, debt securities and promissory
notes required to be pledged hereunder. Except as set forth on Schedule 1, and except for Excluded Stock and Stock Equivalents, the Pledged Shares represent all (or 65% in the case of pledges of the Voting Stock of Foreign Subsidiaries) of the
issued and outstanding Equity Interests of each class of Equity Interests in the issuer on the Closing Date. 
 (b) Such
Pledgor is the legal and beneficial owner of the Collateral pledged or assigned by such Pledgor hereunder free and clear of any Lien, except for Permitted Liens and the Lien created by this Pledge Agreement. 
 (c) As of the Closing Date, the Pledged Shares pledged by such Pledgor hereunder have been duly authorized and validly issued and, in the
case of Pledged Shares issued by a corporation, are fully paid and non-assessable. 
 (d) The execution and delivery by such
Pledgor of this Pledge Agreement and the pledge of the Collateral pledged by such Pledgor hereunder pursuant hereto create a legal, valid and enforceable security interest in such Collateral to the extent the creation of such security interest in
the Stock of Foreign Subsidiaries is governed by the UCC and, upon delivery of such Collateral to the Collateral Agent in the State of New York, shall constitute a fully perfected Lien on and security interest in the Collateral, securing the payment
of the Obligations, in favor of the Collateral Agent for the benefit of the Secured Parties to the extent the creation and perfection of such security interest in the stock of Foreign Subsidiaries is governed by the UCC, except as enforceability
thereof may be limited by bankruptcy, insolvency or other similar laws affecting creditors’ rights generally and subject to general principles of equity. 
 (e) Such Pledgor has full power, authority and legal right to pledge all the Collateral pledged by such Pledgor pursuant to this Pledge
Agreement and this Pledge Agreement, constitutes a legal, valid and binding obligation of each Pledgor to the extent the creation and perfection of such security interest in the Stock of the Foreign Subsidiaries is governed by the UCC, enforceable
in accordance with its terms, except as enforceability thereof may be limited by bankruptcy, insolvency or other similar laws affecting creditors’ rights generally and subject to general principles of equity. 







 6. Certification of Limited Liability Company, Limited Partnership Interests, Equity Interests in
Foreign Subsidiaries and Pledged Debt. 
 (a) In the event that any Equity Interests in any Subsidiary that is organized as a limited
liability company or limited partnership and pledged hereunder shall be represented by a certificate, the applicable Pledgor shall cause the issuer of such interests to elect to treat such interests as a “security” within the meaning of
Article 8 of the Uniform Commercial Code of its jurisdiction of organization or formation, as applicable, by including in its organizational documents language substantially similar to the following and, accordingly, such interests shall be governed
by Article 8 of the Uniform Commercial Code: 
 “The Partnership/Company hereby irrevocably elects that all membership interests in the
Partnership/Company shall be securities governed by Article 8 of the Uniform Commercial Code of [jurisdiction of organization or formation, as applicable]. Each certificate evidencing partnership/membership interests in the Partnership/Company shall
bear the following legend: “This certificate evidences an interest in [name of Partnership/LLC] and shall be a security for purposes of Article 8 of the Uniform Commercial Code.” No change to this provision shall be effective until all
outstanding certificates have been surrendered for cancellation and any new certificates thereafter issued shall not bear the foregoing legend.” 
 (b) Each Pledgor will comply with Section 9.12(b) of the Credit Agreement. 
 (c) In the event that any
Equity Interests in any Foreign Subsidiary pledged hereunder are not represented by a certificate, the Pledgors agree not to permit such Foreign Subsidiary to issue Equity Interests represented by a certificate to any other Person.

 7. Further Assurances. Each Pledgor agrees that at any time and from time to time, at the expense of such Pledgor, it will execute
or otherwise authorize the filing of any and all further documents, financing statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements, fixture filings, mortgages, deeds of
trust and other documents), which may be required under any applicable law, or which the Collateral Agent or the Administrative Agent may reasonably request, in order (x) to perfect and protect any pledge, assignment or security interest
granted or purported to be granted hereby (including the priority thereof) or (y) to enable the Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. 
 8. Voting Rights; Dividends and Distributions; Etc. 
 (a) So long as no Event of Default shall have occurred and be continuing: 
 (i) Each Pledgor
shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral or any part thereof for any purpose not prohibited by the terms of this Pledge Agreement or the other Credit Documents. 







 (ii) The Collateral Agent shall execute and deliver (or cause to be executed and
delivered) to each Pledgor all such proxies and other instruments as such Pledgor may reasonably request for the purpose of enabling such Pledgor to exercise the voting and other rights that it is entitled to exercise pursuant to paragraph
(i) above. 
 (b) Subject to paragraph (c) below, each Pledgor shall be entitled to receive and retain and use, free and clear of
the Lien created by this Pledge Agreement, any and all dividends, distributions, principal and interest made or paid in respect of the Collateral to the extent permitted by the Credit Agreement, as applicable; provided, however, that
any and all noncash dividends, interest, principal or other distributions that would constitute Pledged Shares or Pledged Debt, whether resulting from a subdivision, combination or reclassification of the outstanding Equity Interests of the issuer
of any Pledged Shares or received in exchange for Pledged Shares or Pledged Debt or any part thereof, or in redemption thereof, or as a result of any merger, consolidation, acquisition or other exchange of assets to which such issuer may be a party
or otherwise, shall be, and shall be forthwith delivered to the Collateral Agent to hold as, Collateral and shall, if received by such Pledgor, be received in trust for the benefit of the Collateral Agent, be segregated from the other property or
funds of such Pledgor and be forthwith delivered to the Collateral Agent as Collateral in the same form as so received (with any necessary endorsement). 
 (c) Upon written notice to a Pledgor by the Collateral Agent following the occurrence and during the continuance of an Event of Default, 
 (i) all rights of such Pledgor to exercise or refrain from exercising the voting and other consensual rights that it would otherwise be
entitled to exercise pursuant to Section 8(a)(i) shall cease, and all such rights shall thereupon become vested in the Collateral Agent, which shall thereupon have the sole right to exercise or refrain from exercising such voting and other
consensual rights during the continuance of such Event of Default, provided that, unless otherwise directed by the Required Lenders, the Collateral Agent shall have the right from time to time following the occurrence and during the
continuance of an Event of Default to permit the Pledgors to exercise such rights. After all Events of Default have been cured or waived, each Pledgor will have the right to exercise the voting and consensual rights that such Pledgor would otherwise
be entitled to exercise pursuant to the terms of Section 8(a)(i) (and the obligations of the Collateral Agent under Section 8(a)(ii) shall be reinstated); 
 (ii) all rights of such Pledgor to receive the dividends, distributions and principal and interest payments that such Pledgor would
otherwise be authorized to receive and retain pursuant to Section 8(b) shall cease, and all such rights shall thereupon become vested in the Collateral Agent, which shall thereupon have the sole right to receive and hold as Collateral such
dividends, distributions and principal and interest payments during the continuance of such Event of Default. After all Events of Default have been cured or waived, the Collateral Agent shall repay to each Pledgor (without interest) all dividends,
distributions and principal and interest payments that such Pledgor would otherwise be permitted to receive, retain and use pursuant to the terms of Section 8(b); 







 (iii) all dividends, distributions and principal and interest payments that are received
by such Pledgor contrary to the provisions of Section 8(b) shall be received in trust for the benefit of the Collateral Agent shall be segregated from other property or funds of such Pledgor and shall forthwith be delivered to the Collateral
Agent as Collateral in the same form as so received (with any necessary endorsements); and 
 (iv) in order to permit the
Collateral Agent to receive all dividends, distributions and principal and interest payments to which it may be entitled under Section 8(b) above, to exercise the voting and other consensual rights that it may be entitled to exercise pursuant
to Section 8(c)(i) above, and to receive all dividends, distributions and principal and interest payments that it may be entitled to under Sections 8(c)(ii) and (c)(iii) above, such Pledgor shall from time to time execute and deliver to the
Collateral Agent, appropriate proxies, dividend payment orders and other instruments as the Collateral Agent may reasonably request in writing. 
 9. Transfers and Other Liens; Additional Collateral; Etc. Each Pledgor shall: 
 (a) not (i) except as
permitted by the Credit Agreement, sell or otherwise dispose of, or grant any option or warrant with respect to, any of the Collateral or (ii) create or suffer to exist any consensual Lien upon or with respect to any of the Collateral, except
for the Lien created by this Pledge Agreement provided that in the event such Pledgor sells or otherwise disposes of assets as permitted by the Credit Agreement, and such assets are or include any of the Collateral, upon the request of the
applicable Pledgor the Collateral Agent shall release such Collateral to such Pledgor free and clear of the Lien created by this Agreement concurrently with the consummation of such sale; 
 (b) pledge and, if applicable, cause each Subsidiary to pledge, to the Collateral Agent for the benefit of the Secured Parties,
immediately upon acquisition thereof, all the Equity Interests and all evidence of Indebtedness held or received by such Pledgor or Subsidiary required to be pledged hereunder pursuant to Section 9.12 of the Credit Agreement, in each case
pursuant to a supplement to this Pledge Agreement substantially in the form of Annex A hereto (it being understood that the execution and delivery of such a supplement shall not require the consent of any Pledgor hereunder and that the rights and
obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Pledge Agreement); and 
 (c) defend its and the Collateral Agent’s title or interest in and to all the Collateral (and in the Proceeds thereof) against any
and all Liens (other than Permitted Liens and the Lien created by this Agreement), however arising, and any and all Persons whomsoever. 
 10. Collateral Agent Appointed Attorney-in-Fact. Each Pledgor hereby appoints, which appointment is irrevocable and coupled with an interest, the Collateral Agent as such Pledgor’s attorney-in-fact, with full authority in the
place and stead of such Pledgor and in the name of such Pledgor or otherwise, to take any action and to execute any instrument, in each case after the occurrence and during the continuance of an Event of Default and with notice to 








 
such Pledgor, that the Collateral Agent may deem reasonably necessary or advisable to accomplish the purposes of this Pledge Agreement, including to receive,
indorse and collect all instruments made payable to such Pledgor representing any dividend, distribution or principal or interest payment in respect of the Collateral or any part thereof and to give full discharge for the same. 
 11. The Collateral Agent’s Duties. The powers conferred on the Collateral Agent hereunder are solely to protect its interest in the
Collateral and shall not impose any duty upon it to exercise any such powers. Except for the safe custody of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Collateral Agent shall have no duty as
to any Collateral, as to ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any Pledged Shares, whether or not the Collateral Agent or any other Secured Party has or is
deemed to have knowledge of such matters, or as to the taking of any necessary steps to preserve rights against any parties or any other rights pertaining to any Collateral. The Collateral Agent shall be deemed to have exercised reasonable care in
the custody and preservation of any Collateral in its possession if such Collateral is accorded treatment substantially equal to that which the Collateral Agent accords its own property. 
 12. Remedies. If any Event of Default shall have occurred and be continuing: 
 (a) The Collateral Agent may exercise in respect of the Collateral, in addition to other rights and remedies provided for herein or
otherwise available to it, all the rights and remedies of a secured party upon default under the UCC (whether or not the UCC applies to the affected Collateral) and also may with notice to the relevant Grantor, sell the Collateral or any part
thereof in one or more parcels at public or private sale, at any exchange broker’s board or at any of the Collateral Agent’s offices or elsewhere, for cash, on credit or for future delivery, at such price or prices and upon such other
terms as are commercially reasonable irrespective of the impact of any such sales on the market price of the Collateral. The Collateral Agent shall be authorized at any such sale (if it deems it advisable to do so) to restrict the prospective
bidders or purchasers of Collateral to Persons who will represent and agree that they are purchasing the Collateral for their own account for investment and not with a view to the distribution or sale thereof, and, upon consummation of any such
sale, the Collateral Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each purchaser at any such sale shall hold the property sold absolutely free from any claim or right on
the part of any Pledgor, and each Pledgor hereby waives (to the extent permitted by law) all rights of redemption, stay and/or appraisal that it now has or may at any time in the future have under any rule of law or statute now existing or hereafter
enacted. The Collateral Agent or any Secured Party shall have the right upon any such public sale, and, to the extent permitted by law, upon any such private sale, to purchase all or any part of the Collateral so sold, and the Collateral Agent or
such Secured Party may pay the purchase price by crediting the amount thereof against the Obligations. Each Pledgor agrees that, to the extent notice of sale shall be required by law, at least ten days’ notice to such Pledgor of the time and
place of any public sale or the time after which any private sale is to be made shall constitute reasonable notification. The Collateral Agent shall not be obligated to make any sale of Collateral regardless of notice of sale having been given. The









 
Collateral Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without
further notice, be made at the time and place to which it was so adjourned. To the extent permitted by law, each Pledgor hereby waives any claim against the Collateral Agent arising by reason of the fact that the price at which any Collateral may
have been sold at such a private sale was less than the price that might have been obtained at a public sale, even if the Collateral Agent accepts the first offer received and does not offer such Collateral to more than one offeree. 
 (b) The Collateral Agent shall apply the Proceeds of any collection or sale of the Collateral in the manner specified in
Section 11.14 of the Credit Agreement. Upon any sale of the Collateral by the Collateral Agent (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt of the Collateral Agent or of the officer
making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Collateral
Agent or such officer or be answerable in any way for the misapplication thereof. 
 (c) The Collateral Agent may exercise any
and all rights and remedies of each Pledgor in respect of the Collateral. 
 (d) All payments received by any Pledgor in
respect of the Collateral after the occurrence and during the continuance of an Event of Default shall be received in trust for the benefit of the Collateral Agent shall be segregated from other property or funds of such Pledgor and shall be
forthwith delivered to the Collateral Agent as Collateral in the same form as so received (with any necessary endorsement). 
 13.
Amendments, etc. with Respect to the Obligations; Waiver of Rights. Each Pledgor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Pledgor and without notice to or further assent by any
Pledgor, (a) any demand for payment of any of the Obligations made by the Collateral Agent or any other Secured Party may be rescinded by such party and any of the Obligations continued, (b) the Obligations, or the liability of any other
party upon or for any part thereof, or any collateral security or guarantee therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived,
surrendered or released by the Collateral Agent or any other Secured Party, (c) the Credit Agreement, the other Credit Documents, the Letters of Credit, the Existing Secured Letters of Credit and any other documents executed and delivered in
connection therewith, the Secured Cash Management Agreements and Secured Hedge Agreements and any other documents executed and delivered in connection therewith may be amended, modified, supplemented or terminated, in whole or in part, as the
applicable Administrative Agent (or the Required Lenders, as the case may be, or, in the case of any Existing Secured Letters of Credit, Secured Cash Management Agreement and Secured Hedge Agreement, the Existing Secured Letter of Credit Issuer,
Cash Management Bank or Hedge Bank party thereto) may deem advisable from time to time, and (d) any collateral security, guarantee or right of offset at any time held by the Collateral Agent or any other Secured Party for the payment of the
Obligations may be sold, exchanged, waived, surrendered or released. Neither the Collateral Agent nor any other Secured Party shall have any obligation to 








 
protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for this Pledge Agreement or any property subject
thereto. When making any demand hereunder against any Pledgor, the Collateral Agent or any other Secured Party may, but shall be under no obligation to, make a similar demand on the Company or any Pledgor or any other person, and any failure by the
Collateral Agent or any other Secured Party to make any such demand or to collect any payments from the Company or any Pledgor or any other person or any release of the Company or any Pledgor or any other person shall not relieve any Pledgor in
respect of which a demand or collection is not made or any Pledgor not so released of its several obligations or liabilities hereunder, and shall not impair or affect the rights and remedies, express or implied, or as a matter of law, of the
Collateral Agent or any other Secured Party against any Pledgor. For the purposes hereof “demand” shall include the commencement and continuance of any legal proceedings. 
 14. Continuing Security Interest; Assignments Under the Credit Agreement; Release. 
 (a) This Pledge Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Pledgor and the
successors and assigns thereof, and shall inure to the benefit of the Collateral Agent and the other Secured Parties and their respective successors, endorsees, transferees and assigns until all the Obligations (other than any contingent indemnity
obligations not then due) under the Credit Documents shall have been satisfied by payment in full, the Commitments shall be terminated and no Letters of Credit shall be outstanding (or all Letters of Credit Outstanding shall have been Cash
Collateralized), notwithstanding that from time to time during the term of the Credit Agreement and any Existing Secured Letter of Credit, Secured Cash Management Agreement or Secured Hedge Agreement the Credit Parties may be free from any
Obligations. 
 (b) A Subsidiary Pledgor shall automatically be released from its obligations hereunder and the Collateral of such Subsidiary
Pledgor shall be automatically released upon such Subsidiary Pledgor ceasing to be a Guarantor in accordance with Section 13.1 of the Credit Agreement. 
 (c) The Collateral shall be automatically released from the Liens of this Agreement (i) to the extent provided for in Section 13.1 of the Credit Agreement and (ii) upon the effectiveness of any written
consent to the release of the security interest granted in such Collateral pursuant to Section 13.1 of the Credit Agreement. Any such release in connection with any sale, transfer or other disposition of such Collateral shall result in such
Collateral being sold, transferred or disposed of, as applicable, free and clear of the Liens of this Agreement. 
 (d) In connection with
any termination or release pursuant to the foregoing paragraph (a), (b) or (c), the Collateral Agent shall execute and deliver to any Pledgor or authorize the filing of, at such Pledgor’s expense, all documents that such Pledgor shall
reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 14 shall be without recourse to or warranty by the Collateral Agent. 
 15. Reinstatement. Each Pledgor further agrees that, if any payment made by any Credit Party or other Person and applied to the Obligations is at
any time annulled, avoided, 








 
set aside, rescinded, invalidated, declared to be fraudulent or preferential or otherwise required to be refunded or repaid, or the Proceeds of Collateral
are required to be returned by any Secured Party to such Credit Party, its estate, trustee, receiver or any other party, including any Pledgor, under any bankruptcy law, state, federal or foreign law, common law or equitable cause, then, to the
extent of such payment or repayment, any Lien or other Collateral securing such liability shall be and remain in full force and effect, as fully as if such payment had never been made or, if prior thereto the Lien granted hereby or other Collateral
securing such liability hereunder shall have been released or terminated by virtue of such cancellation or surrender), such Lien or other Collateral shall be reinstated in full force and effect, and such prior cancellation or surrender shall not
diminish, release, discharge, impair or otherwise affect any Lien or other Collateral securing the obligations of any Pledgor in respect of the amount of such payment. 
 16. Notices. All notices, requests and demands pursuant hereto shall be made in accordance with Section 13.2 of the Credit Agreement. All communications and notices hereunder to any Pledgor shall be given
to it in care of the Company at the Company’s address set forth in Section 13.2 of the Credit Agreement. 
 17.
Counterparts. This Pledge Agreement may be executed by one or more of the parties to this Pledge Agreement on any number of separate counterparts (including by facsimile or other electronic transmission), and all of said counterparts taken
together shall be deemed to constitute one and the same instrument. 
 18. Severability. Any provision of this Pledge Agreement that
is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with
valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 19.
Integration. This Pledge Agreement together with the other Credit Documents represents the agreement of each of the Pledgors with respect to the subject matter hereof and there are no promises, undertakings, representations or warranties by
the Collateral Agent or any other Secured Party relative to the subject matter hereof not expressly set forth or referred to herein or in the other Credit Documents. 
 20. Amendments in Writing; No Waiver; Cumulative Remedies. 
 (a) None of the terms or provisions of
this Pledge Agreement may be waived, amended, supplemented or otherwise modified except by a written instrument executed by the affected Pledgor and the Collateral Agent in accordance with Section 13.1 of the Credit Agreement. 
 (b) Neither the Collateral Agent nor any Secured Party shall by any act (except by a written instrument pursuant to Section 20(a) hereof), delay,
indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any 








 
Default or Event of Default or in any breach of any of the terms and conditions hereof. No failure to exercise, nor any delay in exercising, on the part of
the Collateral Agent or any other Secured Party, any right, power or privilege hereunder shall operate as a waiver thereof. No single or partial exercise of any right, power or privilege hereunder shall preclude any other or further exercise thereof
or the exercise of any other right, power or privilege. A waiver by the Collateral Agent or any other Secured Party of any right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy that the Collateral Agent
or such other Secured Party would otherwise have on any future occasion. 
 (c) The rights, remedies, powers and privileges herein provided
are cumulative, may be exercised singly or concurrently and are not exclusive of any other rights or remedies provided by law. 
 21.
Section Headings. The Section headings used in this Pledge Agreement are for convenience of reference only and are not to affect the construction hereof or be taken into consideration in the interpretation hereof. 
 22. Successors and Assigns. This Pledge Agreement shall be binding upon the successors and assigns of each Pledgor and shall inure to the benefit
of the Collateral Agent and the other Secured Parties and their respective successors and assigns, except that no Pledgor may assign, transfer or delegate any of its rights or obligations under this Pledge Agreement without the prior written consent
of the Collateral Agent. 
 23. WAIVER OF JURY TRIAL. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY
LEGAL ACTION OR PROCEEDING RELATING TO THIS PLEDGE AGREEMENT, ANY OTHER CREDIT DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 
 24.
Submission to Jurisdiction; Waivers. Each party hereto irrevocably and unconditionally: 
 (a) submits for itself and
its property in any legal action or proceeding relating to this Pledge Agreement and the other Credit Documents to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction
of the courts of the State of New York, the courts of the United States of America for the Southern District of New York and appellate courts from any thereof; 
 (b) consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have
to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 
 (c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified
mail (or any substantially similar form of mail), postage prepaid, to such Person at its address referred to in Section 16 or at such other address of which the Collateral Agent shall have been notified pursuant thereto; 







 (d) agrees that nothing herein shall affect the right of any other party hereto (or any
Secured Party) to effect service of process in any other manner permitted by law or shall limit the right of any party hereto (or any Secured Party) to sue in any other jurisdiction; and 
 (e) waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding
referred to in this Section 24 any special, exemplary, punitive or consequential damages. 
 25. GOVERNING LAW. THIS PLEDGE
AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 [Signature Pages Follow] 







 IN WITNESS WHEREOF, each of the undersigned has caused this Pledge Agreement to be duly executed and
delivered by its duly authorized officer as of the day and year first above written. 
  

			
	FIRST DATA CORPORATION, as Pledgor
		
	By:	 	 /s/ Kimberly S. Patmore

	Name:	 	 Kimberly S. Patmore

	Title:	 	Executive Vice President and Chief Financial Officer
	
	The following entities, each as Pledgor:
	ACHEX, INC.
	ATLANTIC BANKCARD PROPERTIES CORPORATION
	ATLANTIC STATES BANKCARD ASSOCIATION, INC.
	B1 PTI SERVICES, INC.
	BANKCARD INVESTIGATIVE GROUP INC.
	BUSINESS OFFICE SERVICES, INC.
	BUYPASS INCO CORPORATION
	CALL INTERACTIVE HOLDINGS LLC
	CALLTELESERVICES, INC.
	CARDSERVICE DELAWARE, INC.
	CARDSERVICE INTERNATIONAL, INC.
	CESI HOLDINGS, INC.
	CIFS CORPORATION
	CIFS LLC
	CONCORD COMPUTING CORPORATION
	CONCORD CORPORATE SERVICES, INC.
	CONCORD EFS FINANCIAL SERVICES, INC.
	CONCORD EFS, INC.
	CONCORD EMERGING TECHNOLOGIES, INC.
	CONCORD EQUIPMENT SALES, INC.
	CONCORD FINANCIAL TECHNOLOGIES, INC.
	CONCORD NN, LLC
	CONCORD ONE, LLC
	CONCORD PAYMENT SERVICES, INC.
	CONCORD PROCESSING, INC.
	CONCORD TRANSACTION SERVICES, LLC
	CREDIT PERFORMANCE INC.
	CTS HOLDINGS, LLC
	CTS, INC.
	DDA PAYMENT SERVICES, LLC










			
	DW HOLDINGS, INC.
	EFTLOGIX, INC.
	EPSF CORPORATION
	FDC INTERNATIONAL INC.
	FDMS PARTNER, INC.
	FDR INTERACTIVE TECHNOLOGIES CORPORATION
	FDR IRELAND LIMITED
	FDR MISSOURI INC.
	FDR SIGNET INC.
	FDR SUBSIDIARY CORP.
	FIRST DATA FINANCIAL SERVICES, L.L.C.
	FIRST DATA AVIATION LLC
	FIRST DATA CARD SOLUTIONS, INC.
	FIRST DATA COMMERCIAL SERVICES HOLDINGS, INC.
	FIRST DATA COMMUNICATIONS CORPORATION
	FIRST DATA INTEGRATED SERVICES INC.
	FIRST DATA LATIN AMERICA INC.
	FIRST DATA MERCHANT SERVICES CORPORATION
	FIRST DATA MERCHANT SERVICES NORTHEAST, LLC
	FIRST DATA MERCHANT SERVICES SOUTHEAST, L.L.C.
	FIRST DATA PITTSBURGH ALLIANCE PARTNER INC.
	FIRST DATA PS ACQUISITION INC.
	FIRST DATA REAL ESTATE HOLDINGS L.L.C.
	FIRST DATA RESOURCES, LLC
	FIRST DATA RETAIL ATM SERVICES L.P.
	FIRST DATA SECURE LLC
	FIRST DATA SOLUTIONS L.L.C.
	FIRST DATA TECHNOLOGIES, INC.
	FIRST DATA VOICE SERVICES
	FIRST DATA, L.L.C.
	FSM SERVICES INC.
	FUNDSXPRESS FINANCIAL NETWORK, INC.
	FUNDSXPRESS, INC.
	FX SECURITIES, INC.
	GIBBS MANAGEMENT GROUP, INC.
	GIFT CARD SERVICES, INC.
	H & F SERVICES, INC.
	ICVERIFY INC.
	IDLOGIX, INC.










			
	INITIAL MERCHANT SERVICES, LLC
	INSTANT CASH SERVICES, LLC
	INTELLIGENT RESULTS, INC.
	IPS INC.
	JOT, INC.
	LINKPOINT INTERNATIONAL, INC.
	LOYALTYCO LLC
	MAS INCO CORPORATION
	MAS OHIO CORPORATION
	NATIONAL PAYMENT SYSTEMS INC.
	NEW PAYMENT SERVICES, INC.
	NPSF CORPORATION
	PAYPOINT ELECTRONIC PAYMENT SYSTEMS, LLC
	PAYSYS INTERNATIONAL, INC.
	POS HOLDINGS, INC.
	QSAT FINANCIAL, LLC
	REMITCO LLC
	SIZE TECHNOLOGIES, INC.
	SOUTHERN TELECHECK, INC.
	STAR NETWORKS, INC.
	STAR PROCESSING, INC.
	STAR SYSTEMS ASSETS, INC.
	STAR SYSTEMS, INC.
	STAR SYSTEMS, LLC
	STRATEGIC INVESTMENT ALTERNATIVES LLC
	SY HOLDINGS, INC.
	TASQ CORPORATION
	TASQ TECHNOLOGY, INC.
	TELECHECK ACQUISITION LLC
	TELECHECK HOLDINGS, INC.
	TELECHECK INTERNATIONAL, INC.
	TRANSACTION SOLUTIONS HOLDINGS, INC.
	TRANSACTION SOLUTIONS, LLC
	UNIFIED MERCHANT SERVICES
	UNIFIED PARTNER, INC.
	VALUELINK, LLC
	VIRTUAL FINANCIAL SERVICES, LLC
	YCLIP, LLC
		
	By:	 	 /s/ Stanley J. Andersen

	Name:	 	Stanley J. Andersen
	Title:	 	Vice President and Assistant Secretary










			
	The following entities, each as Pledgor:
	FIRST DATA CAPITAL, INC.
	FIRST DATA DIGITAL CERTIFICATES INC.
	GRATITUDE HOLDINGS LLC
	IPS HOLDINGS INC.
	SAGEBRUSH HOLDINGS INC.
	SAGETOWN HOLDINGS INC.
	SAGEVILLE HOLDINGS LLC
	SUREPAY REAL ESTATE HOLDINGS, INC.
	TECHNOLOGY SOLUTIONS INTERNATIONAL, INC.
	UNIBEX, LLC
		
	By:	 	 /s/ Stanley J. Andersen

	Name:	 	Stanley J. Andersen
	Title:	 	President
	
	FDFS HOLDINGS, LLC, as Pledgor
		
	By:	 	 /s/ Kimberly S. Patmore

	Name:	 	Kimberly S. Patmore
	Title:	 	President
	
	EFS TRANSPORTATION SERVICES, INC., as Pledgor
		
	By:	 	 /s/ Edward A. Labry III

	Name:	 	Edward A. Labry III
	Title:	 	President
	
	The following entities, each as Pledgor:
	TELECHECK SERVICES, INC.
	TELECHECK ACQUISITION – MICHIGAN, LLC
		
	By:	 	 /s/ Brian V. Mooney

	Name:	 	Brian V. Mooney
	Title:	 	President
	
	FDR LIMITED, as Pledgor
		
	By:	 	 /s/ David G. Yates

	Name:	 	David G. Yates
	Title:	 	Chief Executive Officer










			
	The following entities, each as Pledgor:
	FIRST DATA PAYMENT SERVICES, LLC
	SHARED GLOBAL SYSTEMS, INC.
	TELECHECK PITTSBURGH/WEST VIRGINIA, INC.
		
	By:	 	 /s/ Jeffrey R. Billat

	Name:	 	Jeffrey R. Billat
	Title:	 	Vice President
	
	 CREDIT SUISSE, CAYMAN ISLANDS BRANCH,
 as
Collateral Agent

		
	By:	 	 /s/ William O’Daly

	Name:	 	William O’Daly
	Title:	 	Director
		
	By:	 	 /s/ Mikhail Faybusovich

	Name:	 	Mikhail Faybusovich
	Title:	 	Associate









 ANNEX A 
 TO THE PLEDGE AGREEMENT 
 SUPPLEMENT NO. [    ] dated as of
[                    ] to the PLEDGE AGREEMENT dated as of September 24, 2007 among First Data Corporation, a Delaware corporation (the
“Company”), each of the Subsidiaries of the Company listed on the signature pages hereto (each such Subsidiary being a “Subsidiary Pledgor” and, collectively, the “Subsidiary Pledgors”; the
Subsidiary Pledgors and the Company are referred to collectively as the “Pledgors”) and Credit Suisse, Cayman Islands Branch, as Collateral Agent (in such capacity, the “Collateral Agent”) under the Credit Agreement
referred to below. 
 A. Reference is made to the Credit Agreement dated as of September 24, 2007 (as the same may be amended, restated,
supplemented or otherwise modified, refinanced or replaced from time to time, the “Credit Agreement”) among the Company, the lenders or other financial institutions or entities from time to time parties thereto (the
“Lenders”), Credit Suisse, Cayman Islands Branch, as Administrative Agent and as Collateral Agent and the Guarantee dated as of September 24, 2007 (as the same may be amended, restated, supplemented and or otherwise modified
from time to time, the “Guarantee”), among the Company, the Guarantors party thereto and the Collateral Agent. 
 B.
Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Pledge Agreement. 
 C.
The Pledgors have entered into the Pledge Agreement in order to induce the Administrative Agent, the Collateral Agent, the Syndication Agent, the Lenders and the Letter of Credit Issuer to enter into the Credit Agreement, to induce the respective
Lenders and the Letter of Credit Issuer to make their respective Extensions of Credit to the Company under the Credit Agreement and to induce one or more Cash Management Banks or Hedge Banks to enter into Secured Cash Management Agreements or
Secured Hedge Agreements with the Company and/or its Subsidiaries and to induce the Existing Secured Letter of Credit Issuers to continue the Existing Secured Letters of Credit. 
 D. The undersigned Guarantors (each an “Additional Pledgor”) are (a) the legal and beneficial owners of the Equity Interests
described in Schedule 1 hereto and issued by the entities named therein (such pledged Equity Interests, together with any Equity Interests of the issuer of such Pledged Shares or any other Subsidiary held directly by any Additional Pledgor in the
future, in each case, except to the extent excluded from the Collateral for the applicable Obligations pursuant to the penultimate paragraph of Section 1 below (the “After-acquired Additional Pledged Shares”), referred to
collectively herein as the “Additional Pledged Shares”) and (b) the legal and beneficial owners of the Indebtedness described under Schedule 1 hereto (together with any other Indebtedness owed to any Additional Pledgor
hereafter and required to be pledged pursuant to Section 9.12(a) of the Credit Agreement, the “Additional Pledged Debt”). 
 E. Section 9.11 of the Credit Agreement and Section 9(b) of the Pledge Agreement provide that additional Subsidiaries may become Subsidiary Pledgors under the 








 
Pledge Agreement by execution and delivery of an instrument in the form of this Supplement. Each undersigned Additional Pledgor is executing this Supplement
in accordance with the requirements of Section 9(b) of the Pledge Agreement to pledge to the Collateral Agent for the benefit of the Secured Parties the Additional Pledged Shares and the Additional Pledged Debt and to become a Subsidiary
Pledgor under the Pledge Agreement in order to induce the Lenders and the Letter of Credit Issuer to make additional Extensions of Credit and as consideration for Extensions of Credit previously made. 
 Accordingly, the Collateral Agent and each undersigned Additional Pledgor agree as follows: 
 SECTION 1. In accordance with Section 9(b) of the Pledge Agreement, each Additional Pledgor by its signature hereby transfers, assigns and pledges to
the Collateral Agent, for the benefit of the Secured Parties, and hereby grants to the Collateral Agent, for the benefit of the Secured Parties, a security interest in all of such Additional Pledgor’s right, title and interest in the following,
whether now owned or existing or hereafter acquired or existing (collectively, the “Additional Collateral”): 
 (a) the Additional Pledged Shares held by such Additional Pledgor and the certificates representing such Additional Pledged Shares and any interest of such Additional Pledgor in the entries on the books of the issuer of the Additional
Pledged Shares or any financial intermediary pertaining to the Additional Pledged Shares and all dividends, cash, warrants, rights, instruments and other property or Proceeds from time to time received, receivable or otherwise distributed in respect
of or in exchange for any or all of the Additional Pledged Shares; 
 (b) the Additional Pledged Debt and the instruments
evidencing the Additional Pledged Debt owed to such Additional Pledgor, and all interest, cash, instruments and other property or Proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of
such Additional Pledged Debt; and 
 Notwithstanding the foregoing, the Additional Collateral for the Obligations shall not include any
Excluded Stock and Stock Equivalents. 
 For purposes of the Pledge Agreement, the Collateral shall be deemed to include the Additional
Collateral. 
 SECTION 2. Each Additional Pledgor by its signature below becomes a Pledgor under the Pledge Agreement with the same force and
effect as if originally named therein as a Pledgor, and each Additional Pledgor hereby agrees to all the terms and provisions of the Pledge Agreement applicable to it as a Pledgor thereunder. Each reference to a “Subsidiary Pledgor” or a
“Pledgor” in the Pledge Agreement shall be deemed to include each Additional Pledgor. The Pledge Agreement is hereby incorporated herein by reference. 
 SECTION 3. Each Additional Pledgor represents and warrants as follows: 
 (a) Schedule 1
hereto correctly represents as of the date hereof (A) the issuer, the certificate number, the Additional Pledgor and registered owner, the number and class and the percentage of the issued and outstanding Equity Interests of such class of all
Additional Pledged Shares and (B) the issuer, the initial principal amount, the Additional Pledgor and holder, date of and maturity date of all Additional Pledged Debt. Except as set forth on Schedule 1 and except for Excluded Stock and Stock
Equivalents, the Pledged Shares represent all (or 65% in the case of pledges of the Voting Stock of Foreign Subsidiaries) of the issued and outstanding Equity Interests of each class of Equity Interests of the issuer on the date hereof. 







 (b) Such Additional Pledgor is the legal and beneficial owner of the Additional
Collateral pledged or assigned by such Additional Pledgor hereunder free and clear of any Lien, except for the Lien created by this Supplement to the Pledge Agreement. 
 (c) As of the date of this Supplement, the Additional Pledged Shares pledged by such Additional Pledgor hereunder have been duly
authorized and validly issued and, in the case of Additional Pledged Shares issued by a corporation, are fully paid and non-assessable. 
 (d) The execution and delivery by such Additional Pledgor of this Supplement and the pledge of the Additional Collateral pledged by such Additional Pledgor hereunder pursuant hereto create a valid and perfected
first-priority security interest in the Additional Collateral to the extent the creation of such security interest in the Stock of Foreign Subsidiaries is governed by the UCC, as applicable, and upon delivery of such Additional Collateral to the
Collateral Agent in the State of New York, shall constitute a fully perfected lien and security interest in the Additional Collateral to the extent the creation and perfection of such security interest in the Stock of Foreign Subsidiaries is
governed by the UCC, securing the payment of the Obligations, in favor of the Collateral Agent for the benefit of the Secured Parties. 
 (e) Such Additional Pledgor has full power, authority and legal right to pledge all the Additional Collateral pledged by such Additional Pledgor pursuant to this Supplement, and this Supplement constitutes a legal,
valid and binding obligation of each Additional Pledgor to the extent the creation and perfection of such security interest in the Stock of Foreign Subsidiaries is governed by the UCC, enforceable in accordance with its terms, except as
enforceability thereof may be limited by bankruptcy, insolvency or other similar laws affecting creditors’ rights generally and subject to general principles of equity. 
 SECTION 4. This Supplement may be executed by one or more of the parties to this Supplement on any number of separate counterparts (including by
facsimile or other electronic transmission), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. A set of the copies of this Supplement signed by all the parties shall be lodged with the Collateral
Agent and the Company. This Supplement shall become effective as to each Additional Pledgor when the Collateral Agent shall have received counterparts of this Supplement that, when taken together, bear the signatures of such Additional Pledgor and
the Collateral Agent. 







 SECTION 5. Except as expressly supplemented hereby, the Pledge Agreement shall remain in full force and
effect. 
 SECTION 6. THIS SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 7. Any provision of this Supplement that is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof and in the Pledge Agreement, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with
valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 8. All notices, requests and demands pursuant hereto shall be made in accordance with Section 16 of the Pledge Agreement. All communications and notices hereunder to each Additional Pledgor shall be given to it in care of the
Company at the Company’s address set forth in Section 13.2 of the Credit Agreement. 







 IN WITNESS WHEREOF, each Additional Pledgor and the Collateral Agent have duly executed this Supplement
to the Pledge Agreement as of the day and year first above written. 
  

			
	[NAME OF ADDITIONAL PLEDGOR]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 CREDIT SUISSE, CAYMAN ISLANDS
 BRANCH, as
Collateral Agent

		
	By:	 	  

	Name:	 	
	Title:	 	









 SCHEDULE 1 
 TO SUPPLEMENT NO. [    ] 
 TO THE PLEDGE AGREEMENT 
 Pledged Shares 
  

									
	 Record owner
	  	Issuer	  	Certificate No.	  	Number of Shares	  	 % of Shares
 Owned

	
	Pledged Debt
					
	 Payee
	  	Issuer	  	Principal Amount	  	Date of Instrument	  	Maturity Date