Document:

Exhibit 10.2

 

EXECUTION COPY

 

SECOND AMENDMENT TO THE

TRANSFER AND CONTRIBUTION AGREEMENT

 

This SECOND AMENDMENT TO THE TRANSFER AND CONTRIBUTION AGREEMENT (this “Amendment”), dated as of June 28, 2017, is entered into by and among the VARIOUS ENTITIES LISTED ON THE SIGNATURE PAGES HERETO AS AN EXISTING ORIGINATOR (the “Existing Originators,”), the VARIOUS ENTITIES LISTED ON THE SIGNATURE PAGES HERETO AS A NEW ORIGINATOR (the “New Originators”), FIRST DATA CORPORATION, as initial Servicer (“First Data”), and FIRST DATA RECEIVABLES, LLC, a Delaware limited liability company (the “Company”).

 

Capitalized terms used but not otherwise defined herein (including such terms used above) have the respective meanings assigned thereto in the Transfer and Contribution Agreement described below.

 

BACKGROUND

 

A.            The Existing Originators, the Company and the Servicer have entered into a Transfer and Contribution Agreement, dated as of December 31, 2015 (as amended, restated, supplemented or otherwise modified through the date hereof, the “Transfer and Contribution Agreement”).

 

B.            Concurrently herewith, the Company, First Data and PNC Bank, National Association (“PNC”), as Committed Lender, Group Agent and Administrative Agent, are entering into that certain Second Amendment to the Receivables Financing Agreement (the “RFA Amendment”), dated as of the date hereof.

 

C.            The New Originators desire to join the Transfer and Contribution Agreement as Originators thereunder on the date hereof.

 

D.            The parties hereto desire to amend the Transfer and Contribution Agreement as set forth herein.

 

NOW, THEREFORE, with the intention of being legally bound hereby, and in consideration of the mutual undertakings expressed herein, each party to this Amendment hereby agrees as follows:

 

SECTION 1.         Amendments to the Transfer and Contribution Agreement.  The Transfer and Contribution Agreement is hereby amended to incorporate the changes shown on the marked pages of the Agreement attached hereto as Exhibit A.

 

SECTION 2.         Joinder.  Each New Originator hereby agrees that it shall be bound by all of the terms, conditions and provisions of, and shall be deemed to be a party to (as if it were an original signatory to), the Transfer and Contribution Agreement and each of the other relevant Transaction Documents.  From and after the later of the date hereof and the date that each New Originator has complied with all of the requirements of Section 4.3 of the Transfer and Contribution Agreement, such New Originator shall be an Originator for all purposes of the Transfer and Contribution Agreement and all other Transaction Documents. Each New

 

 

Originator hereby acknowledges that it has received copies of the Transfer and Contribution Agreement and the other Transaction Documents.

 

SECTION 3.         Representations and Warranties of the Originators and Servicer.  The Existing Originators, the New Originators and the Servicer hereby represent and warrant to each of the parties hereto as of the date hereof as follows:

 

(a)           Representations and Warranties.  The representations and warranties made by it in the Transfer and Contribution Agreement and the Receivables Financing Agreement are true and correct as of the date hereof.

 

(b)           Enforceability.  The execution and delivery by it of this Amendment, and the performance of its obligations under this Amendment, the Transfer and Contribution Agreement (as amended hereby) and the other Transaction Documents to which it is a party are within its organizational powers and have been duly authorized by all necessary action on its part, and this Amendment, the Transfer and Contribution Agreement (as amended hereby) and the other Transaction Documents to which it is a party are (assuming due authorization and execution by the other parties thereto) its valid and legally binding obligations, enforceable in accordance with its terms, except (x) the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws from time to time in effect relating to creditors’ rights, and (y) the remedy of specific performance and injunctive and other forms of equitable relief may be subject to equitable defenses and to the discretion of the court before which any proceeding therefor may be brought.

 

(c)           No Event of Default.  No Contribution Termination Event, Unmatured Contribution Termination Event, Event of Default or Unmatured Event of Default has occurred and is continuing, or would occur as a result of this Amendment or the transactions contemplated hereby.

 

SECTION 4.         Effect of Amendment; Ratification.  All provisions of the Transfer and Contribution Agreement and the other Transaction Documents, as expressly amended and modified by this Amendment, shall remain in full force and effect.  After this Amendment becomes effective, all references in the Transfer and Contribution Agreement (or in any other Transaction Document) to “this Transfer and Contribution Agreement”, “this Agreement”, “hereof”, “herein” or words of similar effect referring to the Transfer and Contribution Agreement shall be deemed to be references to the Transfer and Contribution Agreement as amended by this Amendment. This Amendment shall not be deemed, either expressly or impliedly, to waive, amend or supplement any provision of the Transfer and Contribution Agreement other than as set forth herein.  The Transfer and Contribution Agreement, as amended by this Amendment, is hereby ratified and confirmed in all respects.

 

SECTION 5.         Effectiveness.  This Amendment shall become effective as of the date hereof upon the Administrative Agent’s receipt of counterparts to this Amendment executed by each of the parties hereto.

 

2

 

SECTION 6.         Severability.  Any provisions of this Amendment which are 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.

 

SECTION 7.         Transaction Document.  This Amendment shall be a Transaction Document for purposes of the Transfer and Contribution Agreement.

 

SECTION 8.         Counterparts.  This Amendment may be executed in any number of counterparts and by different parties on separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute but one and the same instrument.  Delivery of an executed counterpart of a signature page to this Amendment by facsimile or e-mail transmission shall be effective as delivery of a manually executed counterpart hereof.

 

SECTION 9.         GOVERNING LAW AND JURISDICTION.

 

(a)           THIS AMENDMENT, INCLUDING THE RIGHTS AND DUTIES OF THE PARTIES HERETO, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK, BUT WITHOUT REGARD TO ANY OTHER CONFLICTS OF LAW PROVISIONS THEREOF).

 

(b)           EACH PARTY HERETO HEREBY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF ANY NEW YORK STATE OR FEDERAL COURT SITTING IN NEW YORK CITY, NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AMENDMENT, AND EACH PARTY HERETO HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE EXTENT PERMITTED BY LAW, IN SUCH FEDERAL COURT.  THE PARTIES HERETO HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT THEY MAY EFFECTIVELY DO SO, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING.  THE PARTIES HERETO AGREE THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW.

 

SECTION 10.       Further Assurances.  Each of First Data and First Data Hardware hereby agrees to do, at First Data Hardware’s expense, all such things and execute all such documents and instruments and authorize and file all such financing statements and financing statement amendments, in each case, as the Administrative Agent or the Company may reasonably consider necessary or desirable to give full effect to the transaction contemplated by this Amendment and the documents, instruments and agreements executed in connection herewith and therewith.

 

3

 

SECTION 11.       Section Headings.  The various headings of this Amendment are included for convenience only and shall not affect the meaning or interpretation of this Amendment, the Transfer and Contribution Agreement or any provision hereof or thereof.

 

[SIGNATURE PAGES FOLLOW]

 

4

 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment by their duly authorized officers as of the date first above written.

 

 

	
 
    	
FIRST   DATA RECEIVABLES, LLC,
    
	
 
    	
as   Company
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Ty R. Miller
    
	
 
    	
Name:   Ty R. Miller
    
	
 
    	
Title:   Treasurer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
FIRST   DATA CORPORATION,
    
	
 
    	
as   Servicer
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Ty R. Miller
    
	
 
    	
Name:   Ty R. Miller
    
	
 
    	
Title:   Treasurer
    

 

Second Amendment to

Transfer and Contribution Agreement

 

S-1

 

	
 
    	
FIRST   DATA RESOURCES, LLC,
    
	
 
    	
REMITCO   LLC,
    
	
 
    	
INSTANT   CASH SERVICES, LLC,
    
	
 
    	
FIRST   DATA GOVERNMENT SOLUTIONS, INC., and
    
	
 
    	
FIRST   DATA GOVERNMENT SOLUTIONS, LP, each as an Existing Originator
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Ty R. Miller
    
	
 
    	
Name:   Ty R. Miller
    
	
 
    	
Title:   Assistant Treasurer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
STAR   NETWORKS, INC.,
    
	
 
    	
STAR   PROCESSING, INC., and
    
	
 
    	
FIRST   DATA HARDWARE SERVICES INC., each as an Existing Originator
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Ty R. Miller
    
	
 
    	
Name:   Ty R. Miller
    
	
 
    	
Title:   Treasurer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
TELECHECK   SERVICES, INC., as an Existing Originator
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Stanley J. Andersen
    
	
 
    	
Name:   Stanley J. Andersen
    
	
 
    	
Title:   Assistant Secretary
    

 

Second Amendment to

Transfer and Contribution Agreement

 

S-2

 

	
 
    	
STAR   SYSTEMS ASSETS, INC.,
    
	
 
    	
FIRST   DATA MERCHANT SERVICES LLC,
    
	
 
    	
UNIFIED   MERCHANT SERVICES, and
    
	
 
    	
IGNITE   PAYMENTS, LLC, each as a New
    
	
 
    	
Originator
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Ty R. Miller
    
	
 
    	
Name:   Ty R. Miller
    
	
 
    	
Title:   Treasurer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
FIRST   DATA MERCHANT SERVICES, SOUTHEAST, L.L.C.,
    
	
 
    	
IGNITE   PAYMENTS, LLC,
    
	
 
    	
FIRST   DATA MERCHANT SERVICES NORTHEAST, LLC,
    
	
 
    	
FDS   HOLDINGS, INC.,
    
	
 
    	
NEW   PAYMENT SERVICES, INC.,
    
	
 
    	
NATIONAL   PAYMENT SYSTEMS INC.,
    
	
 
    	
CTS   HOLDINGS, LLC,
    
	
 
    	
CONCORD   PAYMENT SERVICES, INC., and
    
	
 
    	
VALUELINK,   LLC, each as a New Originator
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Ty R. Miller
    
	
 
    	
Name:   Ty R. Miller
    
	
 
    	
Title:   Assistant Treasurer
    

 

Second Amendment to

Transfer and Contribution Agreement

 

S-3

 

	
ACKNOWLEDGED   AND AGREED TO BY:
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
PNC   BANK, NATIONAL ASSOCIATION,
    	
 
    
	
as   Administrative Agent
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/   Michael Brown
    	
 
    
	
Name:   Michael Brown
    	
 
    
	
Title:   Senior Vice President
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
PNC   BANK, NATIONAL ASSOCIATION,
    	
 
    
	
as   Group Agent for the PNC Group
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/   Michael Brown
    	
 
    
	
Name:   Michael Brown
    	
 
    
	
Title:   Senior Vice President
    	
 
    

 

Second Amendment to

Transfer and Contribution Agreement

 

S-4

 

Exhibit A

 

Changed Pages to

 

Transfer and Contribution Agreement

 

(Attached)

 

Exhibit A

 

 

EXECUTION COPY

CONFORMED COPY includes

First Amendment dated December 16, 2016

Second Amendment dated June 28, 2017

 

TRANSFER AND CONTRIBUTION AGREEMENT

 

Dated as of December 31, 2015

 

among

 

VARIOUS ENTITIES LISTED ON SCHEDULE I HERETO,

as Originators,

 

FIRST DATA CORPORATION,

as Servicer,

 

and

 

FIRST DATA RECEIVABLES, LLC,

as Company

 

 

CONTENTS

 

	
Clause
    	
 
    	
Subject Matter
    	
 
    	
Page
    
	
 
    	
 
    	
 
    	
 
    
	
ARTICLE I
    
	
AGREEMENT TO CONTRIBUTE
    
	
 
    	
 
    	
 
    
	
SECTION 1.1
    	
Agreement To Contribute
    	
2
    
	
 
    	
 
    	
 
    
	
SECTION 1.2
    	
Timing of Contributions
    	
3
    
	
 
    	
 
    	
 
    
	
SECTION 1.3
    	
Consideration for   Contributions
    	
3
    
	
 
    	
 
    	
 
    
	
SECTION 1.4
    	
Contribution   Termination Date
    	
3
    
	
 
    	
 
    	
 
    
	
SECTION 1.5
    	
Intention of the   Parties
    	
34
    
	
 
    	
 
    	
 
    
	
SECTION 1.6
    	
Commencement Date
    	
4
    
	
 
    	
 
    	
 
    
	
ARTICLE II
    
	
CONTRIBUTION REPORT
    
	
 
    	
 
    	
 
    
	
SECTION 2.1
    	
Contribution Report
    	
4
    
	
 
    	
 
    	
 
    
	
ARTICLE III
    
	
CONTRIBUTIONS AND CONSIDERATION
    
	
 
    	
 
    	
 
    
	
SECTION 3.1
    	
Contribution of   Receivables
    	
5
    
	
 
    	
 
    	
 
    
	
SECTION 3.2
    	
Settlement as to   Specific Receivables and Dilution
    	
5
    
	
 
    	
 
    	
 
    
	
ARTICLE IV
    
	
CONDITIONS OF CONTRIBUTIONS; ADDITIONAL ORIGINATORS
    
	
 
    	
 
    	
 
    
	
SECTION 4.1
    	
Conditions Precedent to   Initial Contribution
    	
6
    
	
 
    	
 
    	
 
    
	
SECTION 4.2
    	
Certification as to   Representations and Warranties
    	
78
    
	
 
    	
 
    	
 
    
	
SECTION 4.3
    	
Additional Originators
    	
8
    
	
 
    	
 
    	
 
    
	
ARTICLE V
    
	
REPRESENTATIONS AND WARRANTIES OF THE ORIGINATORS
    
	
 
    	
 
    	
 
    
	
SECTION 5.1
    	
Existence and Power
    	
89
    
	
 
    	
 
    	
 
    
	
SECTION 5.2
    	
Power and Authority;   Due Authorization
    	
9
    
	
 
    	
 
    	
 
    
	
SECTION 5.3
    	
No Conflict or   Violation
    	
9
    
	
 
    	
 
    	
 
    
	
SECTION 5.4
    	
Governmental Approvals
    	
9
    
	
 
    	
 
    	
 
    
	
SECTION 5.5
    	
Valid Contribution
    	
9
    
	
 
    	
 
    	
 
    
	
SECTION 5.6
    	
Binding Obligations
    	
910
    
	
 
    	
 
    	
 
    
	
SECTION 5.7
    	
Accuracy of Information
    	
10
    
	
 
    	
 
    	
 
    
	
SECTION 5.8
    	
Litigation and Other   Proceedings
    	
10
    
	
 
    	
 
    	
 
    
	
SECTION 5.9
    	
No Material Adverse   Effect
    	
10
    
	
 
    	
 
    	
 
    
	
SECTION 5.10
    	
Offices; Legal Name
    	
10
    

 

i

 

CONTENTS

 

	
Clause
    	
 
    	
Subject Matter
    	
 
    	
Page
    
	
 
    	
 
    	
 
    	
 
    
	
SECTION 5.11
    	
Margin Regulations
    	
1011
    
	
 
    	
 
    	
 
    
	
SECTION 5.12
    	
Eligible Receivables
    	
11
    
	
 
    	
 
    	
 
    
	
SECTION 5.13
    	
Credit and Collection   Policy
    	
11
    
	
 
    	
 
    	
 
    
	
SECTION 5.14
    	
Investment Company Act
    	
11
    
	
 
    	
 
    	
 
    
	
SECTION 5.15
    	
Anti-Money   Laundering/International Trade Law Compliance
    	
11
    
	
 
    	
 
    	
 
    
	
SECTION 5.16
    	
Financial Condition
    	
11
    
	
 
    	
 
    	
 
    
	
SECTION 5.17
    	
Taxes
    	
11
    
	
 
    	
 
    	
 
    
	
SECTION 5.18
    	
ERISA
    	
1112
    
	
 
    	
 
    	
 
    
	
SECTION 5.19
    	
Bulk Sales
    	
12
    
	
 
    	
 
    	
 
    
	
SECTION 5.20
    	
No Fraudulent   Conveyance
    	
12
    
	
 
    	
 
    	
 
    
	
SECTION 5.21
    	
[Reserved]
    	
12
    
	
 
    	
 
    	
 
    
	
SECTION 5.22
    	
Good Title Perfection
    	
1213
    
	
 
    	
 
    	
 
    
	
SECTION 5.23
    	
Perfection   Representations
    	
13
    
	
 
    	
 
    	
 
    
	
SECTION 5.24
    	
Reliance on Separate   Legal Identity
    	
1314
    
	
 
    	
 
    	
 
    
	
SECTION 5.25
    	
Opinions
    	
14
    
	
 
    	
 
    	
 
    
	
SECTION 5.26
    	
[Reserved]
    	
14
    
	
 
    	
 
    	
 
    
	
SECTION 5.27
    	
Nature of Pool   Receivables
    	
14
    
	
 
    	
 
    	
 
    
	
SECTION 5.28
    	
Compliance with   Applicable Laws
    	
14
    
	
 
    	
 
    	
 
    
	
SECTION 5.29
    	
Servicing Programs
    	
14
    
	
 
    	
 
    	
 
    
	
SECTION 5.30
    	
Adverse Change in   Receivables
    	
14
    
	
 
    	
 
    	
 
    
	
SECTION 5.31
    	
Member of the Company
    	
14
    
	
 
    	
 
    	
 
    
	
SECTION 5.32
    	
Solvency
    	
1415
    
	
 
    	
 
    	
 
    
	
SECTION 5.33
    	
Other Transaction   Documents
    	
1415
    
	
 
    	
 
    	
 
    
	
SECTION 5.34
    	
Compliance with   Transaction Documents
    	
1415
    
	
 
    	
 
    	
 
    
	
SECTION 5.35
    	
Approved   Settlement Accounts
    	
15
    
	
 
    	
 
    	
 
    
	
SECTION 5.36
    	
Chattel Paper
    	
15
    
	
 
    	
 
    	
 
    
	
SECTION 5.355.37
    	
Reaffirmation of   Representations and Warranties by each Originator
    	
15
    
	
 
    	
 
    	
 
    
	
ARTICLE VI
    
	
COVENANTS OF THE ORIGINATORS
    
	
 
    	
 
    	
 
    
	
SECTION 6.1
    	
Covenants
    	
16
    
	
 
    	
 
    	
 
    
	
SECTION 6.2
    	
Separateness Covenants
    	
2022
    

 

ii

 

CONTENTS

 

	
Clause
    	
 
    	
Subject Matter
    	
 
    	
Page
    
	
 
    	
 
    	
 
    	
 
    
	
ARTICLE VII
    
	
ADDITIONAL RIGHTS AND OBLIGATIONS IN RESPECT OF   RECEIVABLES
    
	
 
    	
 
    	
 
    
	
SECTION 7.1
    	
Rights of the Company
    	
2223
    
	
 
    	
 
    	
 
    
	
SECTION 7.2
    	
Responsibilities of the   Originators
    	
2223
    
	
 
    	
 
    	
 
    
	
SECTION 7.3
    	
Further Action   Evidencing Contributions
    	
2324
    
	
 
    	
 
    	
 
    
	
SECTION 7.4
    	
Application of   Collections
    	
2324
    
	
 
    	
 
    	
 
    
	
SECTION 7.5
    	
Performance of   Obligations
    	
2325
    
	
 
    	
 
    	
 
    
	
ARTICLE VIII
    
	
CONTRIBUTION TERMINATION EVENTS
    
	
 
    	
 
    	
 
    
	
SECTION 8.1
    	
Contribution   Termination Events
    	
2325
    
	
 
    	
 
    	
 
    
	
SECTION 8.2
    	
Remedies
    	
2526
    
	
 
    	
 
    	
 
    
	
ARTICLE IX
    
	
INDEMNIFICATION
    
	
 
    	
 
    	
 
    
	
SECTION 9.1
    	
Indemnities by the   Originators
    	
2526
    
	
 
    	
 
    	
 
    
	
ARTICLE X
    
	
MISCELLANEOUS
    
	
 
    	
 
    	
 
    
	
SECTION 10.1
    	
Amendments, etc.
    	
2729
    
	
 
    	
 
    	
 
    
	
SECTION 10.2
    	
Notices, etc.
    	
2829
    
	
 
    	
 
    	
 
    
	
SECTION 10.3
    	
No Waiver; Cumulative   Remedies
    	
2830
    
	
 
    	
 
    	
 
    
	
SECTION 10.4
    	
Binding Effect;   Assignability
    	
2830
    
	
 
    	
 
    	
 
    
	
SECTION 10.5
    	
Governing Law
    	
2930
    
	
 
    	
 
    	
 
    
	
SECTION 10.6
    	
Costs, Expenses and   Taxes
    	
2930
    
	
 
    	
 
    	
 
    
	
SECTION 10.7
    	
SUBMISSION TO   JURISDICTION
    	
2931
    
	
 
    	
 
    	
 
    
	
SECTION 10.8
    	
WAIVER OF JURY TRIAL
    	
3031
    
	
 
    	
 
    	
 
    
	
SECTION 10.9
    	
Captions and Cross   References; Incorporation by Reference
    	
3031
    
	
 
    	
 
    	
 
    
	
SECTION 10.10
    	
Execution in   Counterparts
    	
3032
    
	
 
    	
 
    	
 
    
	
SECTION 10.11
    	
Acknowledgment and   Agreement
    	
3032
    
	
 
    	
 
    	
 
    
	
SECTION 10.12
    	
No Proceeding
    	
3132
    
	
 
    	
 
    	
 
    
	
SECTION 10.13
    	
Mutual Negotiations
    	
3132
    
	
 
    	
 
    	
 
    
	
SECTION 10.14
    	
Severability
    	
3133
    

 

iii

 

CONTENTS

 

	
Clause
    	
 
    	
Subject Matter
    	
 
    	
Page
    
	
 
    	
 
    	
 
    	
 
    
	
SCHEDULES
    
	
 
    	
 
    	
 
    
	
Schedule   I
    	
List, Type and Location   of Each Originator
    	
 
    
	
 
    	
 
    	
 
    
	
Schedule   II
    	
Location of Books and   Records of Originators
    	
 
    
	
 
    	
 
    	
 
    
	
Schedule   III
    	
Trade Names
    	
 
    
	
 
    	
 
    	
 
    
	
Schedule   IV
    	
Actions/Suits
    	
 
    
	
 
    	
 
    	
 
    
	
Schedule   V
    	
Notice Addresses
    	
 
    
	
 
    	
 
    	
 
    
	
EXHIBITS
    
	
 
    	
 
    	
 
    
	
Exhibit A
    	
Form of   Contribution Report
    	
 
    
	
 
    	
 
    	
 
    
	
Exhibit B
    	
Form of Joinder   Agreement
    	
 
    
						

 

iv

 

This TRANSFER AND CONTRIBUTION AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), dated as of December 31, 2015 is entered into among the VARIOUS ENTITIES LISTED ON SCHEDULE I HERETO (the “Originators,” and each an “Originator”), FIRST DATA CORPORATION, as initial Servicer (as defined below) (“First Data”), and FIRST DATA RECEIVABLES, LLC, a Delaware limited liability company (the “Company”).

 

DEFINITIONS

 

Unless otherwise indicated herein, capitalized terms used and not otherwise defined in this Agreement are defined in Article I of the Receivables Financing Agreement, dated as of the date hereof (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Receivables Financing Agreement”), among the Company, as Borrower, First Data, as initial Servicer (in such capacity, the “Servicer”), the Persons from time to time party thereto as Lenders and as Group Agents, and PNC Bank, National Association, as Administrative Agent.  All references hereto to months are to calendar months unless otherwise expressly indicated.  All accounting terms not specifically defined herein shall be construed in accordance with GAAP. All terms used in Article 9 of the UCC in the State of New York, and not specifically defined herein, are used herein as defined in such Article 9. Unless the context otherwise requires, “or” means “and/or,” and “including” (and with correlative meaning “include” and “includes”) means including without limiting the generality of any description preceding such term.

 

BACKGROUND

 

1.             The Company is a special purpose limited liability company, all of the issued and outstanding membership interests of which are owned by the Originators.

 

2.             The Originators generate Receivables in the ordinary course of their businesses.

 

3.             The Originators, in order to finance their respective businesses, wish to contribute and assign Receivables and the Related Rights to the Company, and the Company is willing to accept such Receivables and the Related Rights from the Originators, on the terms and subject to the conditions set forth herein.

 

4.             The Originators and the Company intend each such transaction to be an absolute contribution, assignment and conveyance of Receivables and the Related Rights by each Originator to the Company, providing the Company with the full benefits of ownership of the Receivables, and the Originators and the Company do not intend the transactions hereunder to be characterized as a loan from the Company to any Originator.

 

5.             The Company intends to pledge the Receivables and the Related Rights to the Administrative Agent pursuant to the Receivables Financing Agreement.

 

NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows:

 

Transfer and Contribution Agreement

 

 

ARTICLE I
 AGREEMENT TO CONTRIBUTE

 

SECTION 1.1  Agreement To Contribute.  On the terms and subject to the conditions set forth in this Agreement, each Originator, severally and for itself, agrees to contribute, transfer, assign, set over and otherwise convey to the Company, from time to time on or after the Commencement Date, or with respect to any Originator that first becomes a party hereto after the date hereof, commencing on such date as mutually agreed by the parties, but before the Contribution Termination Date (as defined in Section 1.4), all of such Originator’s right, title and interest in and to:

 

(a)           each Receivable of such Originator that existed and was owing to such Originator at the closing of such Originator’s business on the Cut-Off Date (as defined below);

 

(b)           each Receivable generated by such Originator from and including the Cut-Off Date to but excluding the Contribution Termination Date;

 

(c)           all of such Originator’s interest in any goods (including returned goods), and documentation of title evidencing the shipment or storage of any goods (including returned goods), the sale of which gave rise to such Receivable (excluding, in the case of a Lease Receivable, such Originator’s title to the related Lease Device);

 

(d)           all instruments and chattel paper that may evidence such Receivable;

 

(e)           all other security interests or liens and property subject thereto from time to time purporting to secure payment of such Receivable, whether pursuant to the Contract related to such Receivable or otherwise, together with all UCC financing statements or similar filings relating thereto;

 

(f)            all of such Originator’s rights, interests and claims under the related Contracts and all guaranties, indemnities, insurance and other agreements (including the related Contract) or arrangements of whatever character from time to time supporting or securing payment of such Receivable or otherwise relating to such Receivable, whether pursuant to the Contract related to such Receivable or otherwise;

 

(g)           all books and records of such Originator to the extent related to any of the foregoing, and all rights, remedies, powers, privileges, title and interest (but not obligations) in and to each Lock-Box and all Lock-Box Accounts, into which any Collections or other proceeds with respect to such Receivables may be deposited, and any related investment property acquired with any such Collections or other proceeds (as such term is defined in the applicable UCC);

 

(h)           all rights to set-off (whether contractual or otherwise) against aan Approved Settlement Account or any other account in payment of such Receivable; and

 

(i)            all Collections and other proceeds (as defined in the UCC) of any of the foregoing that are or were received by such Originator on or after the Cut-Off Date, including, without limitation, all funds which either are received by such Originator, the Company or the Servicer from or on behalf of the Obligors in payment of any amounts owed (including, without

 

2

 

limitation, invoice price, finance charges, interest and all other charges) in respect of any of the above Receivables or are applied to such amounts owed by the Obligors (including, without limitation, any insurance payments that such Originator, the Company or the Servicer applies in the ordinary course of its business to amounts owed in respect of any of the above Receivables, and net proceeds of sale or other disposition of repossessed goods or other collateral or property of the Obligors in respect of any of the above Receivables or any other parties directly or indirectly liable for payment of such Receivables).

 

All contributions and assignments hereunder shall be made without recourse, but shall be made pursuant to, and in reliance upon, the representations, warranties and covenants of the Originators set forth in this Agreement.  No obligation or liability to any Obligor on any Receivable is intended to be assumed by the Company hereunder, and any such assumption is expressly disclaimed.  The property, proceeds and rights described in clauses (c) through (i) above are herein referred to as the “Related Rights,” and the Company’s foregoing commitment to contribute and assign Receivables and Related Rights is herein called the “Facility.”

 

As used herein, “Cut-Off Date” means (a) with respect to each Originator party hereto on the date hereof, January 1, 2016 and (b) with respect to any Originator that first becomes a party hereto after the date hereof, the calendar day prior to the date on which such Originator becomes a party hereto or such other date as the Company and such Originator agree to in writing.

 

SECTION 1.2  Timing of Contributions.

 

(a)           Commencement Date Contributions.  Effective on the Commencement Date, each Originator party hereto on the date hereof shall, and hereby does, contribute, transfer, assign, set over and otherwise convey to the Company, such Originator’s entire right, title and interest in, to and under (i) each Receivable that existed and was owing to such Originator at the Cut-Off Date, (ii) each Receivable generated by such Originator from and including the Cut-Off Date, to and including the Commencement Date and (iii) all Related Rights with respect thereto.

 

(b)           Subsequent Contributions.  After the Commencement Date until the Contribution Termination Date, each Receivable and the Related Rights generated by each Originator shall be, and shall be deemed to have been, contributed, transferred, assigned, set over and otherwise conveyed by such Originator to the Company immediately (and without further action) upon the creation of such Receivable.  Each Lease Receivable with respect to any Lease Contract will arise (i) with respect to any Current Lease Receivable (x) initially upon the effectiveness of such Lease Contract and (y) thereafter, upon the occurrence of a scheduled payment date and (ii) with respect to any Buyout Lease Receivable upon the date (if any) that the related Obligor accepts its contractual obligation to make such remaining payments.

 

SECTION 1.3  Consideration for Contributions.  On the terms and subject to the conditions set forth in this Agreement, the Company agrees to reflect all capital contributions in accordance with Article III.

 

SECTION 1.4  Contribution Termination Date.  The “Contribution Termination Date” shall be the earlier to occur of (a) the date the Facility is terminated pursuant to Section 8.2(a),

 

3

 

SECTION 5.22  Good Title Perfection.  Immediately preceding its contribution and assignment of each Receivable hereunder, such Originator was the owner of such Receivable contributed and assigned or purported to be contributed or assigned, free and clear of any Adverse Claims, and each such contribution and assignment hereunder constitutes a valid contribution, transfer and assignment of all of such Originator’s right, title and interest in, to and under the Receivables contributed by it, free and clear of any Adverse Claims.  On or before the date hereof and before the generation by such Originator of any new Receivable to be contributed, assigned or otherwise conveyed hereunder, all financing statements and other documents, if any, required to be recorded or filed in order to perfect and protect the Company’s ownership interest in Receivables to be contributed, assigned or otherwise conveyed hereunder against all creditors of and purchasers from such Originator will have been duly filed in each filing office necessary for such purpose, and all filing fees and taxes, if any, payable in connection with such filings shall have been paid in full.  Upon the creation of each new Receivable contributed, assigned or otherwise conveyed or purported to be conveyed hereunder and on Commencement Date, for then existing Receivables, the Company shall have a valid and perfected first priority ownership or security interest in each Receivable contributed and assigned to it hereunder, free and clear of any Adverse Claim.

 

SECTION 5.23  Perfection Representations.

 

(a)           This Agreement creates a valid and continuing ownership or security interest (as defined in the applicable UCC) in the Originator’s right, title and interest in, to and under the Receivables and the Related Rights which (i) security interest has been perfected (in the case of the Related Rights, in only that portion of the Related Rights in which an ownership or security interest may be perfected by the filing of a financing statement under the UCC) and is enforceable against creditors of and purchasers from such Originator and (ii) will be free of all Adverse Claims.

 

(b)           The Receivables constitute “accounts,” “tangible chattel paper,” “payment intangible or “general intangibles” within the meaning of Section 9-102 of the UCC.

 

(c)           Prior to their contribution to Company pursuant to this Agreement, such Originator owned and had good and marketable title to the Receivables and Related Rights free and clear of any Adverse Claim of any Person.

 

(d)           All appropriate financing statements, financing statement amendments and continuation statements have been filed in the proper filing office in the appropriate jurisdictions under Applicable Law in order to perfect (and continue the perfection of) the contribution and assignment of the Receivables and Related Rights in which a security interest may be perfected by the filing of a financing statement under the UCC from each Originator to the Company pursuant to this Agreement.

 

(e)           Other than the ownership or security interest granted to the Company pursuant to this Agreement, such Originator has not pledged, assigned, sold, contributed, granted a security interest in, or otherwise conveyed any of the Receivables or Related Rights except as permitted by this Agreement and the other Transaction

 

13

 

SECTION 5.32  Solvency.  After giving effect to the transactions contemplated by this Agreement and the other Transaction Documents, the Company is Solvent and no Insolvency Proceeding with respect to the Company is, or will be on such date, pending or threatened.

 

SECTION 5.33  Other Transaction Documents.  Each representation and warranty made by such Originator under each other Transaction Document to which it is a party is true and correct in all material respects as of the date when made.

 

SECTION 5.34  Compliance with Transaction Documents.  Each Originator has complied in all material respects with all of the terms, covenants and agreements contained in the other Transaction Documents to which it is a party.

 

SECTION 5.35  Approved Settlement Accounts.  Each Approved Settlement Account (i) is in the name identified in the Receivables Financing Agreement and (ii) with respect to which, a Subject Originator has the authority to direct the inflows and outflows of funds with respect to each applicable Approved Settlement Account.  No Collections held in any Approved Settlement Account are subject to any Adverse Claim.  No Approved Settlement Account is subject to any account control agreement or similar agreement granting (or purporting to grant) any Person (other than the related Settlement Account Bank) “control” (as defined in Section 9-104 of the UCC) over such Approved Settlement Account.  The related Settlement Account Bank is not then exercising any setoff rights with respect to First Data or any Affiliate thereof against any amounts on deposit in such Approved Settlement Account.

 

SECTION 5.36  Chattel Paper.  No chattel paper evidencing Receivables and Related Rights is in the possession of any Person other than the Servicer (or an Affiliate thereof), the Administrative Agent or the Administrative Agent’s designee.  No chattel paper evidencing Pool Receivables have any marks or notations indicating that it has been pledged, assigned or otherwise conveyed to any Person other than an Originator, the Company or the Administrative Agent.

 

SECTION 5.355.37  Reaffirmation of Representations and Warranties by each Originator.  On each day that a new Receivable is created, and when contributed to the Company hereunder, such Originator shall be deemed to have certified that all representations and warranties set forth in this Article V are true and correct in all material respects (unless such representation or warranty contains a materiality qualification and, in such case, such representation or warranty shall be true and correct as made) on and as of such day (except for representations and warranties which apply as to an earlier date (in which case such representations and warranties shall be true and correct as of such earlier date)).

 

Notwithstanding any other provision of this Agreement or any other Transaction Document, the representations contained in this Article shall remain in full force and effect until the Final Payout Date.

 

15

 

ARTICLE VI
 COVENANTS OF THE ORIGINATORS

 

SECTION 6.1  Covenants.  From the date hereof until the Final Payout Date, each Originator will, unless the Administrative Agent and the Company shall otherwise consent in writing, perform the following covenants:

 

(a)           Existence.  Such Originator shall remain duly organized and validly existing in good standing under the laws of its State of organization, and shall obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, the other Transaction Documents and the Receivables and Related Rights.

 

(b)           Financial Reporting.  Each Originator will maintain, or cause to be maintained, a system of accounting established and administered in accordance with GAAP, and each Originator shall furnish to the Company, the Administrative Agent and each Group Agent such information  as the Company, the Administrative Agent or any Group Agent may from time to time reasonably request relating to such system.

 

(c)           Notices.  Such Originator will notify the Company, Administrative Agent and each Group Agent in writing of any of the following events promptly upon (but in no event later than five (5) Business Days after) a Financial Officer or other officer learning of the occurrence thereof, with such notice describing the same, and if applicable, the steps being taken by the Person(s) affected with respect thereto:

 

(i)            Notice of Contribution Termination Event, Unmatured Contribution Termination Event, Event of Default or Unmatured Event of Default.  A statement of a Financial Officer of such Originator setting forth the nature and period of existence of any Contribution Termination Event, Unmatured Contribution Termination Event, Event of Default or Unmatured Event of Default that has occurred and is continuing and the action that such Originator proposes to take with respect thereto.

 

(ii)           Litigation.  The institution of any litigation, arbitration proceeding or governmental proceeding with respect to such Originator, the Company, the Servicer, the Performance Guarantor, or any other Originator, that with respect to any Person other than the Company, could reasonably be expected to have a Material Adverse Effect.

 

(iii)          Adverse Claim.  (A) Any Person shall obtain an Adverse Claim upon Receivables or Related Rights or any portion thereof (other than an Adverse Claim on an Approved Settlement Account (but not Collections therein) existing on the Second Amendment Date), (B) any Person other than the Company, the Servicer or the Administrative Agent shall obtain any rights or direct any action with respect to any Lock-Box Account (or related Lock-Box), or (C) any Person other than the applicable Originator (or an Affiliate) or Settlement Account Bank shall obtain any rights or direct any action with respect to any Approved Settlement Account or (D) any Obligor shall receive any change in payment instructions with respect to Pool Receivable(s) from a Person other than the Servicer or the Administrative Agent.

 

16

 

(iv)          Name Changes.  Any change in such Originator’s name, jurisdiction of organization or any other change requiring the amendment of UCC financing statements filed against such Originator.

 

(v)           Change in Accounting Policy.  Any material change to the manner in which such Originator accounts for the contribution of Receivables hereunder.

 

(d)           Conduct of Business; Preservation of Existence.  Each Originator will carry on and conduct its business in substantially the same manner and in substantially the same fields of enterprise as it is presently conducted or other fields complimentary or ancillary thereto and will do all things necessary to preserve and keep in full force and effect its existence and, except where the failure to do so would not reasonably be expected to have a Material Adverse Effect, its franchises, authority to do business in each jurisdiction in which its business is conducted, licenses, patents, trademarks, copyrights and other proprietary rights.

 

(e)           Compliance with Laws.  Each Originator will comply with all Applicable Laws to which it may be subject if the failure to comply could reasonably be expected to have a Material Adverse Effect.

 

(f)            Furnishing of Information and Inspection of Receivables.  Each Originator will furnish or cause to be furnished to the Company, the Administrative Agent and each Group Agent, from time to time, such information with respect to the Pool Receivables as the Company, the Administrative Agent or any Group Agent may reasonably request.  Each Originator will, at such Originator’s expense, during regular business hours upon reasonable prior written notice, (i) permit the Company, the Administrative Agent and/or any Group Agent or their agents or representatives to (A) examine and make copies of and abstracts from all books and records relating to the Pool Receivables or other Collateral, (B) visit the offices and properties of such Originator for the purpose of examining such books and records, and (C) discuss matters relating to the Pool Receivables, other Collateral or such Originator’s performance under hereunder or under the Transaction Documents to which it is a party with any of the officers, directors or employees of such Originator and its independent accountants, in each case, having knowledge of such matters and (ii) without limiting the provisions of clause (i) above, during regular business hours, at such Originator’s expense, upon reasonable prior written notice from the Administrative Agent, permit certified public accountants or other auditors acceptable to the Administrative Agent to conduct a review of its books and records with respect to such Receivables and other Collateral; provided, that unless an Event of Default has occurred and is continuing, the Originators, the Borrower and the Servicer shall be required to reimburse the Company, the Administrative Agent and Group Agents, together, for only one (1) combined audit of the Originators pursuant to this Section 6.1(f), of the Borrower pursuant to Section 8.01(g) of the Receivables Financing Agreement and of the Servicer pursuant to Section 8.02(e) of the Receivables Financing Agreement by the Company, the Administrative Agent and the Group Agents in any twelve-month period.

 

(g)           Payments on Receivables, Lock-Box Accounts.  Each Originator will, at all times, instruct all Obligors to deliver payments on the Pool Receivables, free and clear of and without deduction for any taxes, to (i) with respect to Subject Receivables, to an Approved Settlement Account and (ii) with respect to any other Receivable, to a Lock-Box Account or

 

17

 

a Lock-BoxLock-Box.  The Borrower (or the Servicer on its behalf) shall, and shall cause each Originator to remit all Collections received in an Approved Settlement Account to a Lock-Box Account no later than five (5) Business Days (or (x) in the case of Collections received in the Exception Account maintained at KeyBank, N.A., six (6) Business Days and (y) in the case of Receivables due and payable on the day of origination, thirty-one (31) calendar days) following receipt thereof.  Following the occurrence of an Event of Default, upon the request of the Administrative Agent, the Borrower (or the Servicer on its behalf) shall cause the Administrative Agent to receive read-only access to each Approved Settlement Account or, if read-only access is not available for any Approved Settlement Account, daily account statements with respect to such Approved Settlement Account.  Each Originator will, at all times, maintain or cause to be maintained such books and records necessary to identify Collections received from time to time on Receivables and to segregate such Collections from other property of the Servicer and the Originators.  If any payments on the Pool Receivables or other Collections are received by an Originator, the Company or the Servicer, it shall hold (or cause such Originator, the Company or the Servicer to hold) such payments in trust for the benefit of the Company (and the Administrative Agent and the other Secured Parties as the Company’s assignees) and promptly (but in any event within two (2) Business Days after becoming aware of such receipt) remit such funds into a Lock-Box Account.  Such Originator will cause each Lock-Box Bank to comply with the terms of each applicable Lock-Box Agreement.  Such Originator shall use commercially reasonable efforts to ensure that no funds other than Collections on Receivables and other Collateral are deposited into any Lock-Box Account.  If other funds are nevertheless deposited into any Lock-Box Account, the Originators will cause the Servicer to within two (2) Business Days identify and transfer such funds out of the Lock-Box Account to the appropriate Person entitled to such funds.  The Originators will not, and subject to Section 4.01(a) of the Receivables Financing Agreement, will not permit any other Person, to commingle Collections with any other funds; provided, however, that Collections relating to Subject Receivables may be commingled in an Approved Settlement Account with other funds until required to be remitted to a Lock-Box Account in accordance with this Agreement; provided, however, that any such commingling shall not derogate from such Originator’s indemnification obligations with respect to commingling pursuant to Section 9.1.  Such Originator shall only add (or permit the Servicer to add)  a Lock-Box Account (or a related Lock-Box) or a Lock-Box Bank to those listed on Schedule II to the Receivables Financing Agreement, if the Administrative Agent has received notice of such addition and an executed and acknowledged copy of a Lock-Box Agreement (or an amendment thereto) in form and substance reasonably acceptable to the Administrative Agent from the applicable Lock-Box Bank.  Such Originator shall only add an Approved Settlement Account or Settlement Account Bank to those listed on Schedule III to the Receivables Financing Agreement, if the Administrative Agent has received notice of such addition.  Such Originator shall only terminate (or permit the Servicer to terminate) a Lock-Box Bank or a Settlement Account Bank or close a Lock-Box Account (or a related Lock-Box) or Approved Settlement Account, in each case, with the prior written consent of the Administrative Agent.

 

(h)           Sales, Liens, etc.  Except as otherwise provided herein, no Originator will sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim upon (including, without limitation, the filing of any financing statement) or with respect to, any Receivable or other Related Rights.

 

18

 

Company or the Administrative Agent shall reasonably request and (C) been reasonably satisfied that all other action to perfect and protect the interests of the Company and the Administrative Agent, on behalf of the Secured Parties, in and to the Receivables to be contributed by it hereunder and that portion of the Related Rights in which a security interest may be perfected by the filing of a financing statement under the UCC, as reasonably requested by the Company or the Administrative Agent, shall have been taken by, and at the expense of, such Originator (including the filing of any UCC financing statements, the receipt of certificates and other requested documents from public officials and all such other actions required pursuant to Section 7.3) or (ii) directly or indirectly sell, transfer, assign, convey or lease (A) whether in one or a series of transactions, all or substantially all of its assets (other than as permitted by, and pursuant to, the Borrower’s Limited Liability Company Agreement and this Agreement) or (B) any Receivables or any interest therein (in each case, other than pursuant to this Agreement).

 

(q)           Frequency of Billing.  Each Originator shall prepare and deliver (or cause to be prepared and delivered) invoices with respect to all its Receivables in accordance with the Credit and Collection Policies, but in any event no less frequently than as required under the Contracts related to such Receivables.

 

(r)            Receivables Not to Be Evidenced by Promissory Notes or Chattel Paper.  No Originator shall take any action to cause or permit any Receivable created, acquired or originated by it to become evidenced by any “instrument” or “chattel paper” (as defined in the applicable UCC) without the prior written consent of the Company and the Administrative Agent.

 

(s)            Anti-Money Laundering/International Trade Law Compliance.  Such Originator will not become a Sanctioned Person.  Such Originator will maintain policies and procedures reasonably designed to ensure compliance with Anti-Terrorism Laws.

 

(t)            Legend.  On or prior to the Closing Date, each Originator shall mark its master data processing records evidencing Pool Receivables and Contracts with a legend, acceptable to the Company and the Administrative Agent, evidencing that the Pool Receivables have been transferred in accordance with this Agreement and none of the Originators or Servicer shall change or remove such notation without the consent of the Company and the Administrative Agent.

 

(u)           Company’s Tax Status.  No Originator shall take or cause any action to be taken that could result in the Company becoming an association taxable as a corporation or a publicly traded partnership taxable as a corporation for U.S. federal income tax purposes.

 

(v)           Approved Settlement Accounts.  Such Originator shall (or shall cause its applicable Affiliate that maintains such account) to maintain each Approved Settlement Accounts in accordance with Section 5.35.

 

(w)          Chattel Paper.  Such Originator shall not permit any such chattel paper to be in the possession of any Person other than the Servicer (or an Affiliate thereof), the Administrative Agent or the Administrative Agent’s designee.

 

21

 

Schedule I

 

LIST AND LOCATION OF EACH ORIGINATOR

 

	
Originator
    	
 
    	
Location
    
	
First Data Resources, LLC
    	
 
    	
Delaware
    
	
REMITCO LLC
    	
 
    	
Delaware
    
	
TeleCheck Services, Inc.
    	
 
    	
Delaware
    
	
Star Networks, Inc.
    	
 
    	
Delaware
    
	
Star Processing, Inc.
    	
 
    	
Delaware
    
	
Instant Cash Services, LLC
    	
 
    	
Delaware
    
	
TASQ Technology,First Data Hardware Services Inc.
    	
 
    	
California
    
	
First Data Government Solutions, Inc.
    	
 
    	
Delaware
    
	
First Data Government Solutions, LP
    	
 
    	
Delaware
    
	
Star Systems   Assets, Inc.
    	
 
    	
Delaware
    
	
First Data Merchant   Services LLC
    	
 
    	
Florida
    
	
Unified Merchant   Services
    	
 
    	
Georgia
    
	
First Data Merchant   Services Southeast, L.L.C.
    	
 
    	
Delaware
    
	
Ignite Payments, LLC
    	
 
    	
California
    
	
First Data Merchant   Services Northeast, LLC
    	
 
    	
Delaware
    
	
FDS Holdings, Inc.
    	
 
    	
Delaware
    
	
New Payment   Services, Inc.
    	
 
    	
Georgia
    
	
National Payment   Systems Inc.
    	
 
    	
New York
    
	
CTS Holdings, LLC
    	
 
    	
Colorado
    
	
Concord Payment   Services, Inc.
    	
 
    	
Georgia
    
	
ValueLink, LLC
    	
 
    	
Delaware
    

 

Transfer and Contribution Agreement

 

Schedule I-1

 

Schedule II

 

LOCATION OF BOOKS AND RECORDS OF ORIGINATORS

 

	
Originator
    	
 
    	
Location of Books and Records
    
	
First Data Resources, LLC
    	
 
    	
6902 Pine Street, Omaha, NE 68106
    
	
REMITCO LLC
    	
 
    	
6902 Pine Street, Omaha, NE 68106
    
	
TeleCheck Services, Inc.
    	
 
    	
1307 Walt Whitman Road, Melville, NY 11747
    
	
Star Networks, Inc.
    	
 
    	
6902 Pine Street, Omaha, NE 68106
    
	
Star Processing, Inc.
    	
 
    	
6902 Pine Street, Omaha, NE 68106
    
	
Instant Cash Services, LLC
    	
 
    	
6902 Pine Street, Omaha, NE 68106
    
	
TASQ Technology,First Data Hardware Services Inc.
    	
 
    	
3975 NW 120th Avenue, Corral Springs, FL 33065
    
	
First Data Government Solutions, Inc.
    	
 
    	
1307 Walt Whitman Road, Melville, NY 11747
    
	
First Data Government Solutions, LP
    	
 
    	
1307 Walt Whitman Road, Melville, NY 11747
    
	
Star Systems   Assets, Inc.
    	
 
    	
6902 Pine Street,   Omaha, NE 68106
    
	
First Data Merchant   Services LLC
    	
 
    	
3 Western Md Parkway,   Hagerstown, MD 21740
    
	
Unified Merchant   Services
    	
 
    	
3 Western Md Parkway,   Hagerstown, MD 21740
    
	
First Data Merchant   Services Southeast, L.L.C.
    	
 
    	
3 Western Md Parkway,   Hagerstown, MD 21740
    
	
Ignite Payments, LLC
    	
 
    	
3 Western Md Parkway,   Hagerstown, MD 21740
    
	
First Data Merchant   Services Northeast, LLC
    	
 
    	
3 Western Md Parkway,   Hagerstown, MD 21740
    
	
FDS Holdings, Inc.
    	
 
    	
3 Western Md Parkway,   Hagerstown, MD 21740
    
	
New Payment   Services, Inc.
    	
 
    	
3 Western Md Parkway,   Hagerstown, MD 21740
    
	
National Payment   Systems Inc.
    	
 
    	
3 Western Md Parkway,   Hagerstown, MD 21740
    
	
CTS Holdings, LLC
    	
 
    	
3 Western Md Parkway, Hagerstown,   MD 21740
    
	
Concord Payment   Services, Inc.
    	
 
    	
3 Western Md Parkway,   Hagerstown, MD 21740
    
	
ValueLink, LLC
    	
 
    	
3975 NW 120th Avenue,   Corral Springs, FL 33065
    

 

Transfer and Contribution Agreement

 

Schedule II-1

 

Schedule III

 

TRADE NAMES

 

Corporate Names:

 

First Data Resources, LLC

REMITCO LLC

TeleCheck Services, Inc. 

Star Networks, Inc.

Star Processing, Inc. 

Instant Cash Services, LLC

TASQ Technology, Inc.

First Data Hardware Services Inc.

First Data Government Solutions, Inc.

First Data Government Solutions, LP

Star Systems Assets, Inc.

First Data Merchant Services LLC

Unified Merchant Services

First Data Merchant Services Southeast, L.L.C.

Ignite Payments, LLC

First Data Merchant Services Northeast, LLC

FDS Holdings, Inc.

New Payment Services, Inc.

National Payment Systems Inc.

CTS Holdings, LLC

Concord Payment Services, Inc.

ValueLink, LLC

 

DBAs:

 

First Data Government Solutions, Inc.

 

	
Jurisdiction
    	
 
    	
DBA Name
    	
 
    	
Start Date
    
	
Florida
    	
 
    	
GovConnect, Inc.
    	
 
    	
9/29/2004
    

 

First Data Government Solutions, LP

 

	
Jurisdiction
    	
 
    	
DBA Name
    	
 
    	
Start Date
    
	
Colorado
    	
 
    	
Telepath
    	
 
    	
8/21/2003
    
	
Connecticut
    	
 
    	
FDGS Limited Partnership
    	
 
    	
3/7/2007
    
	
Kentucky
    	
 
    	
FDGS, LP
    	
 
    	
1/28/2008
    
	
Maryland
    	
 
    	
First Data Government Solutions, Limited Partnership
    	
 
    	
8/9/2004
    
	
Michigan
    	
 
    	
First Data Government Solutions, Limited Partnership
    	
 
    	
8/13/2004
    

 

Transfer and Contribution Agreement

 

Schedule III-1

 

 

	
New Jersey
    	
 
    	
FD Government Solutions LP
    	
 
    	
3/28/2006
    
	
Virginia
    	
 
    	
First Data Government Solutions of Virginia, LP
    	
 
    	
11/24/2004
    

 

 

REMITCO LLC

 

	
Jurisdiction
    	
 
    	
DBA Name
    	
 
    	
Start Date
    
	
California
    	
 
    	
First Data Remitco
    	
 
    	
6/1/2008
    

 

Star Networks, Inc.

 

	
Jurisdiction
    	
 
    	
DBA Name
    	
 
    	
Start Date
    
	
California
    	
 
    	
Star EFT, Inc.
    	
 
    	
9/20/2004
    
	
Florida
    	
 
    	
Star Networks Systems, Inc.
    	
 
    	
10/2/1998
    

 

TeleCheck Services, Inc.

 

	
Jurisdiction
    	
 
    	
DBA Name
    	
 
    	
Start Date
    
	
Vermont
    	
 
    	
Check Payment Services
    	
 
    	
4/12/2000
    

 

CTS Holdings, LLC

 

	
Jurisdiction
    	
 
    	
DBA Name
    	
 
    	
Start Date
    
	
Colorado
    	
 
    	
Concord Payment Systems
    	
 
    	
05/20/2005
    

 

First Data Merchant Services LLC*

 

	
Jurisdiction
    	
 
    	
DBA Name
    	
 
    	
Start Date
    
	
Illinois
    	
 
    	
Express Merchant Processing   Solutions
    	
 
    	
03/07/2017
    
	
Montana
    	
 
    	
Midwest Merchant Services
    	
 
    	
05/20/2005
    

 

* Originator converted to an LLC on 12/31/15.  Prior to such date, Originator was known as First Data Merchant Services Corporation. The following DBAs are registered under First Data Merchant Services Corporation:

 

	
Jurisdiction
    	
 
    	
DBA Name
    	
 
    	
Start Date
    
	
Florida
    	
 
    	
Community Merchant Services
    	
 
    	
5/24/2005
    
	
Tennessee
    	
 
    	
First Virginia Merchant Services
    	
 
    	
4/12/2000
    
	
Virginia
    	
 
    	
First Virginia Merchant Services
    	
 
    	
5/10/2000
    
	
Maryland
    	
 
    	
First Virginia Merchant Services
    	
 
    	
10/11/2002
    
	
Louisiana
    	
 
    	
Full Acquiring and Clearing   Solutions
    	
 
    	
9/7/2001
    
	
Iowa
    	
 
    	
Full Acquiring and Clearing   Solutions
    	
 
    	
7/18/2001
    
	
Indiana
    	
 
    	
Full Acquiring and Clearing   Solutions
    	
 
    	
9/7/2001
    
	
Illinois
    	
 
    	
Full Acquiring and Clearing Solutions
    	
 
    	
7/9/2001
    

 

Transfer and Contribution Agreement

 

Schedule III-2

 

	
Idaho
    	
 
    	
Full Acquiring and Clearing   Solutions
    	
 
    	
8/24/2001
    
	
Hawaii
    	
 
    	
Full Acquiring and Clearing   Solutions
    	
 
    	
8/24/2001
    
	
Arkansas
    	
 
    	
Full Acquiring and Clearing   Solutions
    	
 
    	
8/24/2001
    
	
New Hampshire
    	
 
    	
Full Acquiring and Clearing   Solutions
    	
 
    	
8/29/2001
    
	
New Jersey
    	
 
    	
Full Acquiring and Clearing   Solutions
    	
 
    	
8/24/2001
    
	
North Dakota
    	
 
    	
Full Acquiring and Clearing   Solutions
    	
 
    	
7/9/2001
    
	
Oregon
    	
 
    	
Full Acquiring and Clearing   Solutions
    	
 
    	
8/24/2001
    
	
Pennsylvania
    	
 
    	
Full Acquiring and Clearing   Solutions
    	
 
    	
8/24/2001
    
	
Rhode Island
    	
 
    	
Full Acquiring and Clearing   Solutions
    	
 
    	
8/24/2001
    
	
Utah
    	
 
    	
Full Acquiring and Clearing   Solutions
    	
 
    	
7/10/2001
    
	
Nebraska
    	
 
    	
Full Acquiring and Clearing   Solutions
    	
 
    	
8/24/2001
    
	
Texas
    	
 
    	
Full Acquiring and Clearing   Solutions
    	
 
    	
9/10/2001
    
	
Maine
    	
 
    	
Full Acquiring and Clearing   Solutions
    	
 
    	
8/24/2001
    
	
Minnesota
    	
 
    	
Full Acquiring and Clearing   Solutions
    	
 
    	
8/24/2001
    
	
Missouri
    	
 
    	
Full Acquiring and Clearing   Solutions
    	
 
    	
8/24/2001
    
	
Montana
    	
 
    	
Full Acquiring and Clearing   Solutions
    	
 
    	
7/9/2001
    
	
Colorado
    	
 
    	
Full Acquiring and Clearing   Solutions
    	
 
    	
7/10/2001
    
	
Colorado
    	
 
    	
Midwest Merchant Services
    	
 
    	
5/18/2005
    
	
Texas
    	
 
    	
Midwest Merchant Services
    	
 
    	
5/20/2005
    
	
Idaho
    	
 
    	
Midwest Merchant Services
    	
 
    	
5/23/2005
    
	
Iowa
    	
 
    	
Midwest Merchant Services
    	
 
    	
5/20/2005
    
	
Montana
    	
 
    	
Midwest Merchant Services
    	
 
    	
5/20/2005
    
	
Wyoming
    	
 
    	
Midwest Merchant Services
    	
 
    	
5/24/2005
    
	
Oklahoma
    	
 
    	
Midwest Merchant Services
    	
 
    	
5/23/2005
    
	
Minnesota
    	
 
    	
Midwest Merchant Services
    	
 
    	
5/20/2005
    
	
North Dakota
    	
 
    	
Midwest Merchant Services
    	
 
    	
5/23/2005
    
	
Missouri
    	
 
    	
Midwest Merchant Services
    	
 
    	
5/23/2005
    
	
South Dakota
    	
 
    	
Midwest Merchant Services
    	
 
    	
6/7/2005
    
	
Illinois
    	
 
    	
Midwest Merchant Services
    	
 
    	
6/8/2005
    
	
Indiana
    	
 
    	
Midwest Merchant Services
    	
 
    	
6/9/2005
    
	
Nebraska
    	
 
    	
Midwest Merchant Services
    	
 
    	
5/23/2005
    
	
Utah
    	
 
    	
Midwest Merchant Services
    	
 
    	
5/20/2005
    
	
Washington
    	
 
    	
Midwest Merchant Services
    	
 
    	
6/10/2005
    
	
California
    	
 
    	
NaBanco
    	
 
    	
6/29/1989
    
	
Florida
    	
 
    	
NaBanco
    	
 
    	
7/29/1981
    
	
Florida
    	
 
    	
PaySpring Merchant Services
    	
 
    	
6/27/2012
    
	
Colorado
    	
 
    	
Sam’s Club Merchant Credit Card   Processing
    	
 
    	
2/22/2005
    
	
Iowa
    	
 
    	
TCF Merchant Services
    	
 
    	
5/2/2007
    
	
Colorado
    	
 
    	
TCF Merchant Services
    	
 
    	
4/24/2007
    
	
Illinois
    	
 
    	
TCF Merchant Services
    	
 
    	
5/2/2007
    
	
Minnesota
    	
 
    	
TCF Merchant Services
    	
 
    	
5/22/2007
    
	
Indiana
    	
 
    	
TCF Merchant Services
    	
 
    	
10/30/2007
    
	
Florida
    	
 
    	
West Coast Merchant Services
    	
 
    	
10/26/2006
    

 

Transfer and Contribution Agreement

 

Schedule III-3

 

Ignite Payments, LLC

 

	
Jurisdiction
    	
 
    	
DBA Name
    	
 
    	
Start Date
    
	
California
    	
 
    	
First Data Independent Sales
    	
 
    	
1/30/2013
    
	
California
    	
 
    	
First Data independent Sales
    	
 
    	
2/5/2013
    
	
California
    	
 
    	
PayStart
    	
 
    	
3/19/2013
    

 

National Payment Systems Inc.

 

	
Jurisdiction
    	
 
    	
DBA Name
    	
 
    	
Start Date
    
	
New York
    	
 
    	
Card Payment Systems
    	
 
    	
11/21/1996
    
	
New York
    	
 
    	
Concord Payment Systems
    	
 
    	
10/17/2001
    

 

Transfer and Contribution Agreement

 

Schedule III-4Exhibit

Exhibit 10.1

AMENDMENT NO. 6 TO THIRD AMENDED AND RESTATED CREDIT AND SECURITY AGREEMENT 
This AMENDMENT NO. 6 TO THIRD AMENDED AND RESTATED CREDIT AND SECURITY AGREEMENT is dated as of June 29, 2017 (this “Amendment”), among AMERESCO, INC. (the “Borrower”), THE GUARANTORS PARTY HERETO (the "Guarantors" and collectively with the Borrower, the "Loan Parties"), THE LENDERS PARTY HERETO (the “Lenders”), and BANK OF AMERICA, N.A., as administrative agent (the “Agent”).
WHEREAS, the Loan Parties, the Lenders, and the Agent are parties to that certain Third Amended and Restated Credit and Security Agreement dated as of June 30, 2015, as heretofore amended, among the Borrower, the Guarantors, the Lenders, and the Agent (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”);
WHEREAS, the Loan Parties, the Agent and the Lenders wish to increase the aggregate amount of the Revolving Commitments to $75,000,000 and make certain other changes to covenants of the Credit Agreement, and accordingly revise certain provisions of the Credit Agreement, as described herein; 
NOW, THEREFORE, in consideration of the foregoing and the agreements contained herein, the parties agree that the Credit Agreement is hereby amended as follows:
1.Capitalized Terms.  Except as otherwise expressly defined herein, all capitalized terms used herein which are defined in the Credit Agreement have the same meanings herein as therein, except to the extent that such meanings are amended hereby.
2.Amendment to Credit Agreement.
(a)Section 1.1 of the Credit Agreement is hereby amended to delete the definitions of “Energy Conservation Financing Collateral,” “Energy Conservation Projects,” “Energy Conservation Project Financing” and “Revolving Commitment” in their entirety and replace them with the following:

“Energy Conservation Financing Collateral” means all rights of any Loan Party or Canadian Subsidiary in and to task orders or contracts and any related equipment which are subject to a security interest in favor of the Energy Conservation Project Financing Agent in connection with any Energy Conservation Project Financing.
“Energy Conservation Projects” means (i) any energy conservation project conducted by any Loan Party or Canadian Subsidiary pursuant to an Energy Savings Performance Contract between such Loan Party or Canadian Subsidiary, any governmental entity and/or an agency thereof and (ii) any energy conservation project conducted by a Loan Party or Canadian Subsidiary for a non-governmental entity on terms substantially similar to the projects described in clause (i) of this definition.

“Energy Conservation Project Financing” means the loan, lease or bond financing arrangements or master purchase agreements and assignment schedules or similar financing arrangements entered into by any Loan Party or Canadian Subsidiary from time to time with the Energy Conservation Project Financing Agent to finance the construction and completion of the Energy Conservation Projects.
“Revolving Commitment” means, with respect to each Lender, the commitment of such Lender to make Revolving Loans and to acquire participations in Letters of Credit hereunder, as such commitment may be (a) reduced from time to time pursuant to Sections 2.6 and 2.9, (b) increased from time to time pursuant to Section 2.14, or (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 12.6.  The initial maximum amount of each Lender’s Revolving Commitment is set forth on Schedule 2.1, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Revolving Commitment, as applicable. The aggregate original maximum amount of the Revolving Commitments is (i) equal to $60,000,000 as of the Effective Time, and (ii) equal to $75,000,000 as of the Revolving Amendment Effective Time. 
(b)Section 1.1 of the Credit Agreement is further hereby amended to add the following defined terms in alphabetical order:

“Amendment No. 6” means Amendment No. 6 to Third Amended and Restated Credit Agreement dated as of June 29, 2017, among the Borrower, the Guarantors, the Lenders and the Agent.
“Revolving Amendment Effective Time” means the date on which each of the conditions of the effectiveness of Amendment No. 6 pursuant to Section 6 thereof has been satisfied.
(c)Paragraph (g) of Section 2.1 of the Credit Agreement is hereby deleted in its entirety and replaced with the following new paragraph (g):

(g)    Revolving Notes.  Prior to the Restatement Date, the Borrower shall prepare, execute and deliver to each Revolving Lender requesting a note evidencing the Revolving Loans owed to it a Revolving Note in the principal amount of such Lender’s Revolving Commitment.  Prior to the Term Amendment Effective Time, the Borrower shall prepare, execute and deliver to each Revolving Lender requesting a replacement note to evidence the Revolving Loans owed to it a Revolving Note in the principal amount of such Lender’s Revolving Commitment in effect as of the Term Amendment Effective Time.  Prior to the Revolving Amendment Effective Time, the Borrower shall prepare, execute and deliver to each Revolving Lender requesting a replacement note to evidence the Revolving Loans owed to it a Revolving Note in the principal amount of such Lender’s Revolving Commitment in effect as of the Revolving Amendment Effective Time.  Thereafter, the Revolving Loans of each Revolving Lender evidenced by such Revolving Note and interest thereon shall at all times (including after assignment pursuant to Section 12.6) be represented by one or more promissory notes in such form payable to the order of the payee named therein.

(d)Article 6 of the Credit Agreement is hereby amended to insert the following Section 6.25 immediately after Section 6.24:

6.25    Borrower Status.  As of the Revolving Amendment Effective Time, the Borrower is not and will not thereafter be (i) an employee benefit plan subject to Title I of ERISA, (ii) a plan or account subject to Section 4975 of the Code, (iii) an entity deemed to hold “plan assets” of any such plans or accounts for purposes of ERISA or the Code, or (iv) a “governmental plan” within the meaning of ERISA.
(e)Paragraph (g) of Section 9.1 of the Credit Agreement is hereby deleted in its entirety and replaced with the following new paragraph (g): 

(g)    Indebtedness incurred by any Loan Party or Canadian Subsidiary under an Energy Conservation Project Financing (including, without limitation, Indebtedness incurred by the Loan Parties under an Energy Conservation Project Financing existing as of the Restatement Date and set forth on Schedule 9.1 attached hereto) in an aggregate principal amount outstanding at any time not in excess of $300,000,000;
(f)Paragraph (a) of Section 9.10 of the Credit Agreement is hereby deleted in its entirety and replaced with the following new paragraph (a):

(a)    Total Funded Debt to EBITDA Ratio.  The Loan Parties shall not permit the Core Leverage Ratio (i) as of the end of each fiscal quarter ending on or before June 30, 2016, to exceed 2.00 to 1.00, and (ii) as of the end of each fiscal quarter ending September 30, 2016, and thereafter to exceed 2.75 to 1.00.
(g)Article 12 of the Credit Agreement is hereby amended to insert the following Section 12.25 immediately after Section 12.24:

12.25.    Lender Status.  Each Lender represents and warrants as of the Revolving Amendment Effective Time to the Agent and its Affiliates, and not, for the avoidance of doubt, for the benefit of the Borrower or any other Loan Party, that such Lender is not and will not thereafter be (i) an employee benefit plan subject to Title I of the ERISA, (ii) a plan or account subject to Section 4975 of the Code, (iii) an entity deemed to hold “plan assets” of any such plans or accounts for purposes of ERISA or the Code, or (iv) a “governmental plan” within the meaning of ERISA.
(h)Schedule 2.1 of the Credit Agreement is deleted in its entirety and replaced with the Schedule 2.1 attached hereto.  The Revolving Credit Commitments shall be adjusted on the Revolving Amendment Effective Time in accordance with Schedule 2.1.  The Term Loan balances stated in Schedule 2.1 shall reflect the outstanding Term Loans as of the Revolving Amendment Effective Time.

(a)Exhibit H to the Credit Agreement is deleted in its entirety and replaced with the Exhibit H attached hereto.

3.Confirmation of Guaranty by Guarantors.  Each Guarantor hereby confirms and agrees that all indebtedness, obligations or liability of the Borrower under the Credit Agreement

as amended hereby, whether any such indebtedness, obligations and liabilities are now existing or hereafter arising, due or to become due, absolute or contingent, or direct or indirect, constitute “Guaranteed Obligations” under and as defined in the Credit Agreement and, subject to the limitation set forth in Section 4.1 of the Credit Agreement, are guaranteed by and entitled to the benefits of the Guaranty set forth in Article 4 of the Credit Agreement.  Each Guarantor hereby ratifies and confirms the terms and provisions of such Guarantor’s Guaranty and agrees that all of such terms and provisions remain in full force and effect.

4.Confirmation of Security Interests.  Each Loan Party (other than the Special Guarantors) hereby confirms and agrees that all indebtedness, obligations and liabilities of the Loan Parties under the Credit Agreement as amended hereby, whether any such indebtedness, obligations and liabilities are now existing or hereafter arising, due or to become due, absolute or contingent, or direct or indirect, constitute “Secured Obligations” under and as defined in the Credit Agreement and are secured by the Collateral and entitled to the benefits of the grant of security interests pursuant to Article 5 of the Credit Agreement.  The Loan Parties (other than the Special Guarantors) hereby ratify and confirm the terms and provisions of Article 5 of the Credit Agreement and agree that, after giving effect to this Amendment, all of such terms and provisions remain in full force and effect.

5.No Default; Representations and Warranties, etc.  The Loan Parties hereby confirm that, after giving effect to this Amendment, (i) the representations and warranties of the Loan Parties contained in Article 6 of the Credit Agreement and the other Loan Documents (A) that contain a materiality qualification are true and correct on and as of the date hereof as if made on such date (except to the extent that such representations and warranties expressly relate to an earlier date), and (B) that do not contain a materiality qualification are true and correct in all material respects on and as of the date hereof as if made on such date (except to the extent that such representations and warranties expressly relate to an earlier date), and (ii) no Default or Event of Default shall have occurred and be continuing.  Each Loan Party hereby further represents and warrants that (a) the execution, delivery and performance by such Loan Party of this Amendment (i) have been duly authorized by all necessary action on the part of such Loan Party, (ii) will not violate any applicable law or regulation or the organizational documents of such Loan Party, (iii) will not violate or result in a default under any indenture, agreement or other instrument binding on such Loan Party or any of its assets that will have a Material Adverse Effect, and (iv) do not require any consent, waiver, approval, authorization or order of, or filing, registration or qualification with, any court or governmental authority or any Person (other than the Agent and the Lenders) which has not been made or obtained; and (b) it has duly executed and delivered this Amendment.

6.Conditions to Effectiveness.  This Amendment shall become effective upon the receipt by the Agent of all of the following:

(a)counterparts of this Amendment duly executed by each of the parties hereto or written evidence reasonably satisfactory to the Agent that each of the parties hereto has signed a counterpart of this Amendment;

(b)a duly completed and executed replacement Revolving Note for the account of each Revolving Lender requesting the same, to be delivered to such Lender in exchange for such Lender’s existing Revolving Note;

(c)such documents and certificates as the Agent or Special Counsel may reasonably request relating to the organization, existence and good standing of each Loan Party, the authorization of the transactions contemplated hereby and any other legal matters relating to the Loan Parties, this Amendment or the other Loan Documents, all in form and substance reasonably satisfactory to the Agent and Special Counsel;
(d)evidence satisfactory to the Agent and its Special Counsel that the Loan Parties (other than the Special Guarantors) shall have taken or caused to be taken (or authorized the Agent to take or cause to be taken) all such actions, executed and delivered or caused to be executed and delivered all such agreements, documents and instruments and made or caused to be made all such filings and recordings (other than filings or recordings to be made by the Agent on or after the Revolving Amendment Effective Time) that may be necessary or, in the opinion of the Agent, desirable in order to create in favor of the Agent, for the benefit of the Lenders, valid and (upon such filing and recording) perfected First Priority security interests in the entire personal and mixed property Collateral;
(e)a certificate, dated the Revolving Amendment Effective Time and signed by a Responsible Officer, confirming compliance with the conditions set forth in the first sentence of Section 5 of this Amendment at the Revolving Amendment Effective Time;
(f)favorable written opinions (addressed to the Agent and dated the Revolving Amendment Effective Time) of (i) Morgan, Lewis & Bockius LLP, counsel to the Loan Parties, in form and substance reasonably satisfactory to the Agent and Special Counsel and covering such matters relating to the Loan Parties, this Amendment, the other Loan Documents or the transactions contemplated hereby as the Agent shall reasonably request and (ii) local counsel to the Loan Parties in the following jurisdictions: Arizona, North Carolina, Nevada, Kentucky, Tennessee, Washington, and Ontario, Canada; and
(g)payment by the Borrower to the Agent for the account of the Lenders of an amendment fee of $22,500, to be allocated to the Lenders in proportion to the increase in their respective Revolving Commitments at the Revolving Amendment Effective Time.

7.Miscellaneous.

(a)Except to the extent specifically amended hereby, the Credit Agreement, the Loan Documents and all related documents shall remain in full force and effect.  This Amendment shall constitute a Loan Document.  Whenever the terms or sections amended hereby shall be referred to in the Credit Agreement, Loan Documents or such other documents (whether directly or by incorporation into other defined terms), such defined terms shall be deemed to refer to those terms or sections as amended by this Amendment.
(b)This Amendment may be executed in any number of counterparts, each of which, when executed and delivered, shall be an original, but all counterparts shall together constitute one instrument.  Delivery of an executed counterpart to this Amendment by telecopy or other

electronic means shall be effective as an original and shall constitute a representation that an original will be delivered.
(c)This Amendment shall be governed by the laws of the Commonwealth of Massachusetts and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.
(d)The Loan Parties agree to pay all reasonable expenses, including legal fees and disbursements, incurred by the Agent in connection with this Amendment and the transactions contemplated hereby.
[Signature Pages Follow]

IN WITNESS WHEREOF, the parties hereto have executed this Amendment which shall be deemed to be a sealed instrument as of the date first above written.

BORROWER

AMERESCO, INC.

By: /s/ John R. Granara, III                
Name:    John R. Granara, III
Title:    Executive Vice President & Chief Financial Officer

GUARANTORS

AMERESCO ENERTECH, INC.
AMERESCO FEDERAL SOLUTIONS, INC.
AMERESCO PLANERGY HOUSING, INC.
AMERESCO QUANTUM, INC.
AMERESCO SELECT, INC.
AMERESCOSOLUTIONS, INC.
APPLIED ENERGY GROUP INC.
SIERRA ENERGY COMPANY

By: /s/ John R. Granara, III                
Name:    John R. Granara, III
Title:    Treasurer
AMERESCO SOUTHWEST, INC.

By: /s/ John R. Granara, III                
Name:    John R. Granara, III
Title:    Vice President and Treasurer
E.THREE CUSTOM ENERGY SOLUTIONS, LLC,
By: Sierra Energy Company, its sole member

By: /s/ John R. Granara, III                
Name:    John R. Granara, III
Title:    Treasurer

AMERESCO ASSET SUSTAINABILITY GROUP LLC
AMERESCO CT LLC
AMERESCO DELAWARE ENERGY LLC
AMERESCO EVANSVILLE, LLC
AMERESCO HAWAII LLC
AMERESCO Intelligent SYSTEMS, LLC
AMERESCO LFG HOLDINGS LLC
AMERESCO PALMETTO LLC
AMERESCO SOLAR, LLC
AMERESCO SOLAR NEWBURYPORT LLC
AMERESCO STAFFORD LLC
SELDERA LLC
SOLUTIONS HOLDINGS, LLC

By: Ameresco, Inc., its sole member

By: /s/ John R. Granara, III                
Name:    John R. Granara, III
Title:    Executive Vice President & Chief Financial Officer
AMERESCO SOLAR - PRODUCTS LLC
AMERESCO SOLAR - SOLUTIONS LLC
AMERESCO SOLAR - TECHNOLOGIES LLC
By: Ameresco Solar LLC, its sole member
By: Ameresco, Inc., its sole member

By: /s/ John R. Granara, III                
Name:    John R. Granara, III
Title:    Executive Vice President & Chief Financial Officer

AGENT:

BANK OF AMERICA, N.A.

By: /s/ Mollie S. Canup                
Name:    Mollie S. Canup
Title:    Vice President

LENDERS:

BANK OF AMERICA, N.A.

By: /s/ John F. Lynch                    
Name:    John F. Lynch
Title:    Senior Vice President

WEBSTER BANK, N.A.

By: /s/ Raymond C. Hoefling                            
Name:    Raymond C. Hoefling
Title:    Senior Vice President

Schedule 2.1
Lenders and Commitments

Revolving Credit Commitment
	
			
	Lender
	Commitment
	Applicable percentage

	Bank of America, N.A.
	$52,500,000
	70.000000000%

	Webster Bank, N.A.
	$22,500,000
	30.000000000%

	Total Revolving Credit Commitments:
	$75,000,000
	100%

Term Loan Commitment
	
			
	Lender
	Commitment
	Applicable percentage

	Bank of America, N.A.
	$18,900,000
	70.000000000%

	Webster Bank, N.A.
	$8,100,000
	30.000000000%

	Total Term Loan Commitments:
	$27,000,000
	100%

Swing Line Commitment
	
			
	Lender
	Commitment
	Applicable percentage

	Bank of America, N.A.
	$5,000,000
	100%

	Total Swing Line Commitments:
	$5,000,000
	100%

EXHIBIT H

[FORM OF] ASSIGNMENT AND ASSUMPTION
This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [the][each] Assignor identified in item 1 below ([the][each, an]  “Assignor”) and [the][each] Assignee identified in item 2 below ([the][each, an] “Assignee”). [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees] hereunder are several and not joint.].  Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee.  The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full.
For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’] rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under the Credit Agreement and any other Loan Documents in the amount[s] and equal to the percentage interest[s] identified below of all of such outstanding rights and obligations under the respective facilities identified below (including, without limitation, the Letters of Credit and the Swingline Loans included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Lender)][the respective Assignors (in their respective capacities as Lenders)] against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other Loan Documents or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as, [the][an] “Assigned Interest”).  Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by [the][any] Assignor.

1.    Assignor[s]:  __________________

		
	2.
	Assignee[s]:  __________________ for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]

3.    Borrower:  Ameresco, Inc.

		
	4.
	Administrative Agent:   Bank of America, N. A., as the administrative agent under the Credit Agreement

		
	5.
	Credit Agreement:  Third Amended and Restated Credit and Security Agreement dated as of June 30, 2015, as amended, among the Borrower, the guarantors party thereto, the lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, L/C Issuer and Swingline Lender

6.    Assigned Interest[s]:

	
							
	Assignor[s]
	Assignee[s]
	Facility Assigned
	Aggregate
Amount of
Commitment/ Loans
for all Lenders
	Amount of
Commitment/ Loans
Assigned
	Percentage
Assigned of
Commitment/ Loans
	CUSIP Number.

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	$
	$
	%
	 

	 
	 
	 
	$
	$
	%
	 

	 
	 
	 
	$
	$
	%
	 

[7.Trade Date:__________________]
Effective Date: __________________, 20__
[TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

The terms set forth in this Assignment and Assumption are hereby agreed to:

ASSIGNOR

[NAME OF ASSIGNOR]

By: ___________________________________
Name:
Title:

ASSIGNEE

[NAME OF ASSIGNEE]

By: ___________________________________
Name:
Title:

[Consented to and] Accepted:

BANK OF AMERICA, N. A., as Administrative Agent

By: _________________________________
Name: 
Title:

[Consented to]:

BANK OF AMERICA, N. A., as Issuing Lender and Swingline Lender

By: _________________________________
Name: 
Title:

[Consented to:]

AMERESCO, INC.

By: _________________________________
Name: 
Title:

ANNEX 1 TO ASSIGNMENT AND ASSUMPTION

STANDARD TERMS AND CONDITIONS FOR 
ASSIGNMENT AND ASSUMPTION
1.    Representations and Warranties.
1.1.    Assignor.  [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document.
1.2.    Assignee.  [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements to be an assignee under the terms of the Credit Agreement (subject to such consents, if any, as may be required under the terms of the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement and the other Loan Documents as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire [the][such] Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to the terms of the Credit Agreement, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has independently and without reliance upon Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vii) if it is a Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by [the][such] Assignee, and (viii) it is not and will not be (1) an employee benefit plan subject to Title I of ERISA, (2) a plan or account subject to Section 4975 of the Code; (3) an entity deemed to hold “plan assets” of any such plans or accounts for purposes of ERISA or the Code; or (4) a “governmental plan” within the meaning of ERISA; and (b) agrees that (i) it will, independently and without reliance upon Agent, [the][any] Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.
2.    Payments.  From and after the Effective Date, Agent shall make all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to 

[the][the relevant] Assignor for amounts which have accrued to but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have accrued from and after the Effective Date.
3.    General Provisions.  This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns.  This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument.  Delivery of an executed counterpart of a signature page of this Assignment and Assumption by fax transmission or other electronic mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption.  This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the Commonwealth of Massachusetts.

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