Form of 5.400% Note due 2011



 Exhibit 4.13 
 [FACE OF NOTE] 
 THIS SECURITY IS A REGISTERED GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO
AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE
AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO THE NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO
THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 







 THE WESTERN UNION COMPANY 
  

					
	5.400% Note Due November 17, 2011	 	CUSIP:	  	[            ]
			
	 No. R-[    ]
	 		  	$[            ]

 The Western Union Company, a Delaware corporation (the “Company”, which term
includes any successor under the Indenture hereinafter referred to), for value received, promises to pay to Cede & Co., or its registered assigns, the principal sum of
[            ] DOLLARS ($[            ]), or such other amount as indicated on the Schedule of Exchanges of Notes attached
hereto, on November 17, 2011. 
 Issue Date: November 17, 2006. 
 Interest Rate: 5.400% per annum. 
 Interest Payment Dates: May 17 and November 17, commencing May 17, 2007. 
 Regular Record Dates: May 2 and
November 2. 
 Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which shall for all
purposes have the same effect as if set forth at this place. 
 [Signature page follows] 
  

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 IN WITNESS WHEREOF, the Company has caused this Note to be signed manually or by facsimile by its duly
authorized officer. 
  

							
	Date:                         	 	THE WESTERN UNION COMPANY
			
		 	By:	 	  

		 	Name:	 	Raj Agrawal
		 	Title:	 	Senior Vice President & Treasurer








 (Trustee’s Certificate of Authentication) 
 This is one of the Securities authorized to be issued pursuant to the Indenture referred to in this Note. 
  

			
	 WELLS FARGO BANK, NATIONAL
     ASSOCIATION, as Trustee

		
	By:	 	  

		 	Authorized Signatory









 [REVERSE SIDE OF NOTE] 
 THE WESTERN UNION COMPANY 
 5.400% Note Due November 17, 2011 
 1. Definitions. 
 Terms not otherwise
defined herein shall have the meanings ascribed to such terms in the Indenture dated as of November 17, 2006 between the Company and Wells Fargo Bank, National Association, as Trustee (as amended from time to time, the
“Indenture”). 
 “Comparable Treasury Issue” means the United States Treasury security selected by the
Quotation Agent as having a maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate notes of
comparable maturity to the remaining term of such Notes. 
 “Comparable Treasury Price” means, with respect to any
redemption date, (i) the average of four Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Trustee obtains fewer than four such
Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Guarantee Obligation” means as to any Person
(the “guaranteeing person”), and without duplication, any obligation of (a) the guaranteeing person or (b) another Person (including, without limitation, any bank under any letter of credit) to induce the creation of which
the guaranteeing person has issued a reimbursement, counterindemnity or similar obligation, in either case guaranteeing the payment or in effect guaranteeing the payment of any Indebtedness (the “primary obligations”) of any other
third Person (the “primary obligor”) in any manner, whether directly or indirectly, including, without limitation, any obligation of the guaranteeing person, whether or not contingent, (i) to purchase any such primary
obligation or any property constituting direct or indirect security therefor, (ii) to advance or supply funds (1) for the purchase or payment of any such primary obligation or (2) to maintain working capital or equity capital of the
primary obligor or otherwise to maintain the net worth or solvency of the primary obligor or (iii) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the
primary obligor to make payment of such primary obligation; provided, however, that the term Guarantee Obligation shall not include (x) endorsements of instruments for deposit or collection in the ordinary course of business or
(y) any bond or guarantee given by the Company 
  

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 or any Subsidiary on behalf of any Subsidiary solely for the performance of contractual obligations with customers or on
behalf of customers in the ordinary course of business. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of (a) an amount equal to the stated or determinable amount of the primary payment
obligation in respect of which such Guarantee Obligation is made and (b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee Obligation, unless such primary
obligation and the maximum amount for which such guaranteeing person may be liable are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing person’s maximum reasonably anticipated
liability in respect thereof as determined by the Company in good faith. 
 “Primary Treasury Dealer” means a primary U.S.
Government securities dealer in New York City. 
 “Quotation Agent” means the Reference Treasury Dealer appointed by the
Company. 
 “Reference Treasury Dealer” means (i) each of Citigroup Global Markets Inc. and Morgan Stanley &
Co. Incorporated (each a Primary Treasury Dealer) and three other Primary Treasury Dealers selected by the Company, and their respective successors; provided, however, that if any of the foregoing shall cease to be a Primary Treasury Dealer,
the Company will substitute therefor another Primary Treasury Dealer, and (ii) any other Primary Treasury Dealer selected by the Company. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue
(expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such redemption date. 
 “Revolving Credit Facility” means the $1.5 billion credit agreement dated as of September 27, 2006, among the Company, the lenders
party thereto and Citibank, N.A., as administrative agent, and any refinancings thereof, as such agreement may be amended, modified, supplemented, extended, renewed, refinanced or replaced or substituted from time to time. 
 “Treasury Rate” means, with respect to any redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity of
the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date. 
  

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 2. Principal and Interest. 
 The Company promises to pay the principal of this Note on November 17, 2011. 
 The Company promises to pay interest on the principal amount of this Note on each interest payment date, as set forth on the face of this Note, at the
rate of 5.400% per annum. 
 Interest shall be payable semiannually (to the holders of record of this Note at the close of business on
the May 2nd or November 2nd immediately preceding the interest payment date) on each interest payment date, commencing May 17, 2007. 
 Interest on this Note shall accrue from the most recent date to which interest has been paid on this Note or the Note surrendered in exchange for this Note (or, if there is no existing default in the payment of interest and if this Note is
authenticated between a regular record date and the next interest payment date, from such interest payment date) or, if no interest has been paid, from the Issue Date. Interest shall be computed in the basis of a 360-day year of twelve 30-day
months. 
 Interest not paid when due and any interest on principal, premium or interest not paid when due shall be paid to the Persons that
are Holders on a special record date, which shall be the 15th day preceding the date fixed by the Company for the payment of such interest, whether or not such day is a Business Day. At least 15 days before a special record date, the Company shall
send to each Holder and to the Trustee a notice that sets forth the special record date, the payment date and the amount of interest to be paid. 
 3. Indenture. 
 This is one of the Securities issued under the Indenture. Capitalized terms used herein are used as defined
in the Indenture unless otherwise indicated. The terms of this Note includes those stated in or otherwise provided in accordance with the Indenture and those made part of the Indenture by reference to the Trust Indenture Act. This Note is subject to
all such terms, and Holders are referred to the Indenture and the Trust Indenture Act for a statement of all such terms. To the extent permitted by applicable law, in the event of any inconsistency between the terms of this Note and the terms of the
Indenture, the terms of this Note shall control. 
  

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 This Note is a general unsecured obligations of the Company. The Indenture does not limit the original
aggregate principal amount of the Notes, or any additional Securities that may be issued pursuant to the Indenture, and the Notes and all such additional Securities vote together for all purposes as a single class. This Note is guaranteed, if at
all, as set forth below. 
 4. Redemption and Repurchase; Discharge Prior to Redemption or Maturity. 
 At any time and from time to time, the Company may redeem the Notes at its option, in whole or in part, at a redemption price equal to the greater of
(i) 100% of the principal amount of the Notes to be redeemed, and (ii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of
such payments of interest accrued as of the date of redemption), discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate, plus 15 basis points plus, in each case,
accrued interest thereon to the redemption date. 
 There is no sinking fund or mandatory redemption applicable to this Note. 
 If the Company deposits with the Trustee money or U.S. Government Obligations sufficient to pay the then outstanding principal of, premium, if any, and
accrued interest on this Note to redemption or maturity, the Company may in certain circumstances be discharged from the Indenture and the Notes or may be discharged from certain of its obligations under certain provisions of the Indenture.

 5. Covenants. 
 In
addition to the covenants set forth in Article 4 of the Indenture, this Note is subject to the following additional covenant: 
 a.
Limitation on Indebtedness of Restricted Subsidiaries. The Company will not permit any Restricted Subsidiaries, directly or indirectly, to create, incur, assume or suffer to exist any Indebtedness (which for purposes hereof shall include,
without duplication, Guarantee Obligations) unless immediately thereafter the aggregate amount of (x) all Indebtedness of Restricted Subsidiaries (excluding (A) any Guarantee Obligations in respect of Indebtedness under the Revolving
Credit Facility, the Company’s Floating Rate Notes due 2008, 5.930% Notes due 2016, 6.200% Notes due 2036 or the Notes and (B) Indebtedness owed to the Company or a Restricted Subsidiary, including any renewal or replacement of any of the
obligations under clauses (A) or (B)), (y) the aggregate amount of indebtedness secured by Liens permitted under clause (11) of the definition of “Permitted Liens” contained in the Indenture and (z) the discounted
present value of all net rentals payable under leases covered by 
  

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 Section 4.08(a) of the Indenture (and not expressly excluded therefrom) would not exceed the greater of $300 million
or 15% of Consolidated Net Worth; provided, however, that, solely, for the purposes of this covenant, Indebtedness shall not include indebtedness incurred in connection with (a) overdraft or similar facilities related to settlement,
clearing and related activities by a Restricted Subsidiary in the ordinary course of business consistent with past practice, (b) Purchased Receivables Financings, (c) to the extent the same constitutes Indebtedness, obligations in respect
of net capital adjustments and/or earn-out arrangements pursuant to a purchase or acquisition otherwise permitted under the Indenture, (d) obligations under performance bonds, surety bonds and letter of credit obligations to provide security
for worker’s compensation claims or other statutory obligations and obligations in respect of bank overdrafts not more than two days overdue, in each case, incurred in the ordinary course of business, (e) indebtedness owing to insurance
companies to finance insurance premiums incurred in the ordinary course of business and (f) Guarantee Obligations with respect to Indebtedness and other liabilities otherwise permitted under the Indenture; and provided, further, that any
Indebtedness of a Person (i) existing at the time such Person becomes a Restricted Subsidiary or is merged with or into the Company or a Restricted Subsidiary or other entity or (ii) assumed by the Company or a Subsidiary in connection
with the acquisition of all or a portion of the business of such Person, shall not be deemed to be Indebtedness created, incurred, assumed or guaranteed by a Restricted Subsidiary or otherwise deemed to be Indebtedness of a Restricted Subsidiary for
the purposes of this covenant. 
 6. Registered Form; Denominations; Transfer; Exchange. 
 The Notes are in registered form without coupons in denominations of $1,000 principal amount and any multiple of $1,000 in excess thereof. A Holder may
register the transfer or exchange of Notes in accordance with the Indenture. The Trustee may require a Holder to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the Indenture.
Pursuant to the Indenture, there shall be certain periods during which the Trustee may not be required to issue, register the transfer of or exchange any Note or certain portions of a Note. 
 7. Defaults and Remedies. 
 If an
Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the outstanding Notes may declare all the Notes to be due and payable. Holders may not enforce the Indenture or the Notes except as provided
in the Indenture. The Trustee may require indemnity satisfactory to it before it enforces the Indenture or the Notes. Subject to certain limitations provided in the Indenture, Holders of a majority in principal amount of the Notes then outstanding
may direct the Trustee in its exercise of remedies. 
  

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 8. Amendment and Waiver. 
 The Indenture and this Note may be amended, or default thereunder may be waived, in accordance with provisions set forth in the Indenture. 
 9. Authentication. 
 This Note is not
valid until the Trustee (or Authenticating Agent) signs the certificate of authentication on the other side of this Note. 
 10. Governing
Law. 
 The laws of the State of New York shall govern this Note, without regard to conflicts of law principles thereof. 
 11. Abbreviations. 
 Customary
abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian) and
U/G/M/A/ (= Uniform Gifts to Minors Act). 
 The Company shall furnish a copy of the Indenture to any Holder upon written request and without
charge. 
  

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 [FORM OF TRANSFER NOTICE] 
 FOR VALUE RECEIVED the undersigned registered holder hereby sell(s), assign(s) and transfer(s) unto 
  

	
	Insert Taxpayer Identification No.
	
	
	  

	
	  

	(Please print or typewrite name and address including zip code of assignee)
	
	The within Note and all rights thereunder, hereby irrevocably constituting and appointing
	
	  


 attorney to transfer said Note on the books of the Company with full power of substitution in the premises.








 Date:
                     
  

					
		 	  

		 	Seller	 	
			
		 	By	 	  

	  
 NOTICE: The signature to this assignment must correspond with the
name as written upon the face of the within-mentioned instrument in every particular, without alteration or any change whatsoever.











					
	 Signature
 Guarantee:5
	 	  
  

			
		 	By	 	  

		 	To be executed by an executive officer



	5	Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include
membership or participation in the Securities Transfer Association Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution
for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 








 SCHEDULE OF EXCHANGES OF NOTES 
 The following exchanges of a part of this Registered Global Security for other Securities or a part of another Registered Global Security have been made: 
  

									
	 Date of Exchange
	  	 Amount of decrease
 in principal amount
 of this
Registered
 Global Security
	  	 Amount of increase
 in principal amount
 of this
Registered
 Global Security
	  	 Principal amount of
 this Registered
 Global
Security
 following such
 decrease (or
 increase)
	  	 Signature of
 authorized officer of
 Trustee