EX-10.9


 EXHIBIT 10.9 

EXECUTION VERSION 
 TERMINATION
AGREEMENT 
 (Second Amended and Restated Registration Rights Agreement) 

This Termination Agreement (this “Termination Agreement”) is made and entered into as of November 9, 2015 by and among
AFFINION GROUP HOLDINGS, INC., a Delaware corporation (the “Company”), AFFINION GROUP HOLDINGS, LLC (“Parent”), GENERAL ATLANTIC PARTNERS 79, L.P. (“GAP 79”), GAP-W HOLDINGS,
L.P. (“GAP-W”), GAPSTAR, LLC (“GapStar”), GAPCO GMBH & CO. KG (“GAPCO”), GAP COINVESTMENTS III, LLC (“GAP Coinvest III”) and GAP COINVESTMENTS IV,
LLC (“GAP Coinvest IV”, and together with GAP 79, GAP-W, GapStar, GAPCO and GAP Coinvest III, “General Atlantic”). Capitalized terms used and not otherwise defined herein have the meanings set forth in the
Registration Rights Agreement (as defined below). 
 RECITALS 

WHEREAS, the Company, Parent and General Atlantic (each a “Party” and together the “Parties”) are
Parties to that certain Second Amended and Restated Registration Rights Agreement, dated December 12, 2013 (as amended, supplemented, restated or otherwise modified from time to time, the “Registration Rights Agreement”); 

WHEREAS, the Company is implementing a recapitalization, which includes the reclassification of the Company’s equity, and the
Parties desire to terminate the Registration Rights Agreement in connection therewith; 
 WHEREAS, Section 22 of the
Registration Rights Agreement provides that the Registration Rights Agreement may be amended, supplemented or modified by a written instrument executed by (i) Parent, (ii) Holders of a majority of the Eligible Shares held by the Principal
WL Stockholders and (iii) Holders of a majority of the Eligible Shares; and 
 WHEREAS, the (i) undersigned includes
Parent, (ii) General Atlantic holds a majority of the Eligible Shares held by the Principal WL Stockholders and (iii) Parent and General Atlantic collectively hold a majority of the Eligible Shares overall and of the Eligible Shares held
by the Principal WL Stockholders. 
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration,
the receipt and adequacy of which are hereby acknowledged, the Parties, intending to be legally bound, do hereby agree as follows: 
 1.
Termination. The Parties hereby agree to amend and restate the Registration Rights Agreement such that the Registration Rights Agreement is terminated immediately upon the effectiveness of this Termination Agreement. 

2. Mutual Releases. Each Party hereby releases, acquits and forever discharges the other Party and the other Party’s affiliates and
its and their respective former and present directors, officers, employees, representatives, partners and managers from any and all claims, counterclaims, demands, causes of actions, liabilities, promises or obligations of any kind whatsoever
arising under or relating to the Registration Rights Agreement, from the beginning of the world to the date hereof. 






 3. Miscellaneous. This Termination Agreement shall be governed and construed in accordance
with the laws of the State of New York This Termination Agreement may be executed and delivered by each party hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original and both of which taken together
shall constitute one and the same agreement. 
 [Remainder of Page Intentionally Left Blank; Signature Page Follows] 

  
 2 







 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Termination Agreement as
of the date first above written. 
  

					
	AFFINION GROUP HOLDINGS, INC.
		
	By:	 	/s/ Gregory S. Miller
		 	  

		 	Name:	 	Gregory S. Miller
		 	Title:	 	Executive Vice President and
		 		 	Chief Financial Officer


 [Signature Page to Termination Agreement (Second A&R Registration Rights Agreement)] 






 
					
	AFFINION GROUP HOLDINGS, LLC.
		
	By:	 	/s/ Matthew Nord
		 	  

		 	Name:	 	Matthew Nord
		 	Title:	 	Authorized Person


 [Signature Page to Termination Agreement (Second A&R Registration Rights Agreement)] 






 
					
	GENERAL ATLANTIC PARTNERS 79, L.P.
	
	By: General Atlantic, LLC
	       Its General Partner
		
	By:	 	/s/ Thomas J. Murphy
		 	  

		 	Name:	 	Thomas J. Murphy
		 	Title:	 	Managing Director
	
	GAP-W HOLDINGS, L.P.
		
	By:	 	General Atlantic GenPar, L.P.,
		 	Its General Partner
		
	By:	 	General Atlantic, LLC
		 	Its General Partner
		
	By:	 	/s/ Thomas J. Murphy
		 	  

		 	Name:	 	Thomas J. Murphy
		 	Title:	 	Managing Director
	
	GAPSTAR, LLC
		
	By:	 	/s/ Thomas J. Murphy
		 	  

		 	Name:	 	Thomas J. Murphy
		 	Title:	 	Vice President
	
	GAPCO GMBH & CO. KG
		
	By:	 	GAPCO Management GmbH,
		 	its General Partner
		
	By:	 	/s/ Thomas J. Murphy
		 	  

		 	Name:	 	Thomas J. Murphy
		 	Title:	 	Managing Director


 [Signature Page to Termination Agreement (Second A&R Registration Rights Agreement)] 






 
					
	GAP COINVESTMENTS III, LLC
		
	By:	 	General Atlantic LLC,
		 	its Managing Member
		
	By:	 	/s/ Thomas J. Murphy
		 	  

		 	Name:	 	Thomas J. Murphy
		 	Title:	 	Managing Director
	
	GAP COINVESTMENTS IV, LLC
		
	By:	 	General Atlantic LLC,
		 	its Managing Member
		
	By:	 	/s/ Thomas J. Murphy
		 	  

		 	Name:	 	Thomas J. Murphy
		 	Title:	 	Managing Director


 [Signature Page to Termination Agreement (Second A&R Registration Rights Agreement)]