Document:

Judgment Sharing Agreement among Defendants in the AMEX case

 Exhibit 10.12 
 JUDGMENT SHARING AGREEMENT AMONG 
 DEFENDANTS IN THE AMEX CASE 
 The undersigned parties to this Agreement, having all been named as defendants in American Express Travel Related Services Co., Inc. v. Visa U.S.A.
Inc. et al., No. 04-CV-0897 (S.D.N.Y.), seek through this Agreement to provide for the apportionment of certain costs and liabilities, as described herein, which they may incur jointly and/or severally in the event of an adverse judgment in
this case. In consideration of the mutual covenants and agreements contained herein, the undersigned parties hereby agree as follows: 
 Definitions 
  

	A.	“Affiliate” means an entity’s direct or indirect parents, subsidiaries, affiliates, predecessors, and successors. Provided, however, that for purposes of this
Agreement, Visa U.S.A. will not be considered an Affiliate of any of its members and no member thereof will be considered an Affiliate of Visa U.S.A., and Visa International will not be considered an affiliate of Visa U.S.A.

  

	B.	“Agreement” means this Agreement. 

  

	C.	“Bank Defendant” means a Signatory other than Visa U.S.A., Visa International, or MasterCard. 

  

	D.	“Claimant” is a person asserting a Covered Claim in the Litigation. 

  

	E.	 “Covered Claim” means any claim arising out of the Visa Rules or the MasterCard Rules now or hereafter asserted in the Litigation against any Signatory to
this Agreement or Affiliate thereof; provided, however, that “Covered Claims” do not include claims arising solely out of acts or omissions that take place after the date of a Visa Equity Event, but do include damages 

  

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claimed to accrue after the date of a Visa Equity Event as an alleged result of acts or omissions that took place before such date.

  

	F.	“Final Judgment” means that portion of a judgment for monetary relief of any kind, including any award of compensatory, treble, or other damages and interest, court costs,
attorneys’ fees, or expenses, entered on a Covered Claim by a court on the basis of trial, summary judgment, judgment as a matter of law, or any other basis, which (a) is immediately enforceable and has not been stayed pending appeal or
(b) becomes final after exhaustion of all appeals or other judicial review or expiration of the time to obtain further judicial review. For purposes of this Agreement, the Final Judgment shall be the amount of damages awarded by a court or jury
prior to offset or reduction on account of settlement payments by MasterCard or settlement payments by Signatories that do not comply with the provisions of Paragraph 7 of this Agreement. 

  

	G.	“Litigation” means American Express Travel Related Services Co., Inc. v. Visa U.S.A. Inc. et al., No. 04-CV-0897 (S.D.N.Y.). 

  

	H.	“MasterCard” refers collectively to MasterCard International, Inc., and MasterCard Incorporated. 

  

	I.	** 

  

	 **
	 Omitted pursuant to a confidential treatment request. The confidential portion has been filed separately
with the SEC. 

  

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	J.	“MasterCard Rules” refers to MasterCard’s rules, policies, practices, dedication or other agreements, and procedures relating to the ability of MasterCard members to
issue American Express Payment Cards, including MasterCard’s Competitive Programs Policy. 

  

	K.	“Payment Cards” means Visa- or MasterCard-branded credit or charge cards issued to U.S. cardholders. 

  

	L.	“Period in Suit” means the period beginning on the date on which the court or jury determines that American Express began to accrue damages not barred by the statute of
limitations and ending on the date of the Final Judgment. 

  

	M.	“Relevant Payment Card Volume” means the dollar value of transactions charged to Payment Cards during the Period in Suit. 

  

	N.	“Settling Signatory” means a Signatory that settles claims asserted against it in the Litigation. 

  

	O.	“Signatory” refers to each of the undersigned entities that have executed this Agreement. 

  

	P.	“Visa Equity Event” refers to any event by reason of which a party other than a Visa U.S.A. issuing bank becomes the actual or beneficial owner of 10% or more of the
equity or voting rights of Visa U.S.A. 

  

	Q.	“Visa International” refers to Visa International Service Association. 

  

	R.	“Visa Rules” refers to Visa U.S.A.’s and Visa International’s rules, policies, practices, dedication or other agreements, and procedures relating to the ability
of Visa members to issue American Express Payment Cards, including Visa’s By-Law 2.10(e). 

  

 3 

	S.	“Visa U.S.A.” refers to Visa U.S.A. Inc. 

 In
the event of a Final Judgment against one or more Signatories, the undersigned parties agree as follows: 
 Allocation of Final Judgment
Between Visa Rules and MasterCard Rules 
  

	1.	** 

  

	2.	The “Visa Share” of a Final Judgment shall be calculated as set forth in this Paragraph 2: 

  

	 	(a)	** 

  

	 	(b)	** 

  

	 **
	 Omitted pursuant to a confidential treatment request. The confidential portion has been filed separately
with the SEC. 

  

 4 

	 	(c)	** 

  

	 	(d)	The “MasterCard Share” of a Final Judgment shall be that portion of a Final Judgment that is not the Visa Share. 

  

	 	(e)	** 

  

	3.	** 

  

	 	(a)	** 

  

	 	(b)	** 

  

	 **
	 Omitted pursuant to a confidential treatment request. The confidential portion has been filed separately
with the SEC. 

  

 5 

 Sharing of Potential Liability 
  

	4.	Subject to paragraph 7 below, each Signatory shall pay the following percentage multiplied by the total amount of the Visa Share of a Final Judgment that a Claimant collects from
one or more Signatories: 

  

	 	(a)	Each Bank Defendant will pay based upon a percentage equal to the percentage of dividends it would be entitled to receive under the formula established in Section 11.01 of the
Visa U.S.A. By-Laws for the distribution of dividends, viz in proportion to that Signatory’s share of all service fees based on volume, check guarantee accounts, Gold Card accounts, and/or Electron card accounts paid to Visa U.S.A. by
all Charter Members or Non-Charter Members with debit Card sales volume (as such terms are defined in the Visa By-Laws) from the date of the incorporation of Visa U.S.A. to December 31 of the year prior to the earlier of (i) the entry of
the Final Judgment by the District Court, or (ii) a Visa Equity Event (such percentage to be deemed the Signatory’s “Sharing Percentage”). 

  

 6 

	 	(b)	Visa U.S.A. will pay based upon the remaining percentage not accounted for by Bank Defendants (such percentage to be deemed Visa U.S.A.’s “Sharing Percentage”).

  

	 	(c)	** 

  

	5.	If a Signatory makes judgment payments to Claimant and/or sharing payments to other Signatories that exceed its Sharing Percentage multiplied by the total amount of the Visa Share
of a Final Judgment collected from Signatories (an “Excess Payment,” and such Signatory an “Overpaying Signatory”), then the other Signatories will reimburse the Overpaying Signatory to the extent of its Excess Payments. The
Overpaying Signatory’s right to reimbursement for its Excess Payments shall be enforceable against other Signatories in a proceeding for contribution or indemnity; provided, however, that no Signatory shall be required to make payments (net of
funds received from other Signatories pursuant to this Agreement) that exceed its Sharing Percentage multiplied by the total amount of the Visa Share collected from Signatories. A Signatory may make demand for payment pursuant to this paragraph at
any time after making an Excess Payment. Signatories shall pay any proper claim for contribution, indemnity, or reimbursement under this paragraph within 21 days of demand. 

  

	6.	Nothing in this Agreement shall require any Signatory to share in any portion of a Final Judgment that is executed against any corporation, partnership, company, person, or other
entity that is not a Signatory. 

  

	 **
	 Omitted pursuant to a confidential treatment request. The confidential portion has been filed separately
with the SEC. 

  

 7 

	7.	** 

  

	 	(a)	** 

  

	 	(b)	** 

  

	 	(c)	** 

  

	 	(d)	** 

  

	8.	The Signatories agree and acknowledge that it is their shared intent that no Signatory other than Visa U.S.A. shall have any responsibility to pay, whether directly or indirectly,
any portion of Visa U.S.A.’s Sharing Percentage multiplied 

  

	 **
	 Omitted pursuant to a confidential treatment request. The confidential portion has been filed separately
with the SEC. 

  

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by the Visa Share of any Final Judgment, and that Visa U.S.A. shall recover its Sharing Percentage of the Visa Share from Visa members that are not
Signatories. Visa agrees that it will use reasonable efforts, including the reasonable use of litigation, to enforce its rights pursuant to Section 2.05 of the Visa U.S.A. By-Laws and/or any other rights it may have to obtain funding, through
indemnification or otherwise, of its Sharing Percentage of the Visa Share from Visa members other than the Signatories. 

  

	9.	 This Agreement is in lieu of any other rights of contribution, indemnity, reimbursement, or sharing, or any other claims, suits, or causes of action, among or
between the Signatories, with respect to the Visa Share of the Final Judgment enforced against a Signatory, including without limitation any rights under Visa U.S.A. By-Law 2.05, any other provision of Visa U.S.A.’s rules, by-laws, and/or
operating regulations, and any rights that would otherwise exist under contracts among or between Signatories executed prior to the effective date of this Agreement. All Signatories agree that payments made by the Bank Defendants under this
Agreement (including settlement payments made in accordance with the requirements of paragraph 7, but not any other settlement payments) shall be in lieu of any obligation that any Bank Defendant now has or might otherwise have in the future with
respect to the Visa Share of the Final Judgment enforced against a Signatory. All Signatories further agree that payments that completely satisfy a Bank Defendant’s obligations under this Agreement shall fully satisfy any obligation that any
Bank Defendant now has or might otherwise have in the future with respect to the Visa Share of the Final Judgment enforced against a 

  

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Signatory. For the avoidance of doubt, any obligations that Visa U.S.A. might be determined to have to Visa International as a direct or indirect result of a
Final Judgment in this case will not be considered a Visa Share of a Final Judgment collected from Signatories to this Agreement, and nothing herein shall limit any rights that Visa U.S.A. may have to seek indemnification under its rules, by-laws,
operating regulations, or otherwise in connection with any obligations owed by Visa U.S.A. to Visa International. 

  

	10.	Each bank holding corporation that is a Signatory hereto hereby guarantees payment and performance by its Affiliates that are Signatories hereto of its Affiliate Signatories’
obligations under this Agreement. 

 Change in Visa U.S.A. Ownership Structure 
  

	11.	If a Visa Equity Event takes place at any time after the effective date of this Agreement and before payment in full of a Final Judgment, the Signatories will modify this Agreement
to reflect any actual or implicit contributions made by any Signatory towards the satisfaction or funding of Visa U.S.A.’s potential liabilities in the Litigation in the course of such change in Visa U.S.A’s corporate structure. If the
Signatories are unable to agree on an appropriate modification within 90 days of the effective date of the reorganization, any Signatory may refer the matter to an arbitrator pursuant to paragraph 22. 

 No Third Party Benefit 
  

	12.	 This Agreement is made and shall be binding on and inure solely to the benefit of the Signatories and their respective successors or permitted assigns but otherwise
confers no rights or defenses upon any non-Signatory, including but not limited to 

  

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a Claimant or any non-Signatory defendant in the Litigation. A Signatory may not assign any of its obligations under this Agreement to another person or
entity without the written consent of each other Signatory. Subject to the foregoing: 

  

	 	(a)	this Agreement and all the terms and provisions hereof shall be binding upon and shall inure to the benefit of the Signatories hereto and their respective permitted successors and
assigns; and 

  

	 	(b)	each Signatory shall require any entity(ies) that, as a result of any merger, purchase of assets, reorganization or other transaction, acquires or succeeds to all or substantially
all of the business or assets of such Signatory to assume the obligations of such Signatory under this Agreement pursuant to a written assumption agreement in form and substance reasonably satisfactory to the other Signatories.

 Overturned, Modified, or New Judgment 
  

	13.	If (a) a Final Judgment is modified at any time after it becomes a Final Judgment and, as so modified (the “Modified Judgment”), becomes final after exhaustion of all
appeals or other judicial review or expiration of the time to obtain further judicial review, or (b) after a Final Judgment is vacated or overturned, a new Final Judgment (“New Judgment”) is subsequently entered, then the sharing
obligations of each Signatory shall be recalculated under the terms of this Agreement to reflect the Modified Judgment or New Judgment, as applicable. 

 Repayment 
  

	14.	 If a Claimant received payment from a Signatory based on a claim asserted in the Litigation and the Claimant is no longer entitled to some or all of that payment as

  

 11 

	 	 
a result of the reversal, vacatur, or modification of a Final Judgment (an “Overpayment”), and if a Signatory later succeeds in recovering the
Overpayment in whole or in part, such recovery (including any interest recovered) shall be taken into account for purposes of determining the sharing, indemnity, and contribution obligations arising under this Agreement. Unless and until an
Overpayment is recovered by a Signatory, however, the Overpayment shall be treated as a payment towards the satisfaction of a Final Judgment for purposes of this Agreement, provided that the Overpayment was made in satisfaction or partial
satisfaction of what was, at the time the payment was made, a Final Judgment as defined by this Agreement. 

 No
Admission of Liability 
  

	15.	Nothing contained herein is intended to be, nor shall be deemed to be, an admission of any liability to anyone or an admission of the existence of facts upon which liability could
be based other than to the Signatories pursuant to the terms of this Agreement. 

 Governing Law 
  

	16.	This Agreement shall be governed by and interpreted in accordance with the laws of the State of Delaware, without regard to its conflicts of law principles. All Signatories hereby
agree that this Agreement is consistent with public policy. 

 Confidentiality 
  

	17.	 No Signatory shall divulge any of the terms of this Agreement to a third party except as is reasonably required (a) to enable such Signatory’s directors,
officers, employees, auditors and attorneys to carry out their responsibilities hereunder, (b)

  

 12 

	 	 
to comply with the requirements of applicable law or rule, or with a court order or regulatory examination, investigation, or request (including, without
limitation, any examination, action, or request of the Office of the Comptroller of the Currency or the Board of Governors of the Federal Reserve System), (c) to comply with the requirements of any stock exchange or other self-regulatory
organization as that term is defined at 15 U.S.C. § 78c(a)(26), or (d) to prosecute or defend an action arising out of this Agreement. 

 Joint Authorship 
  

	18.	This Agreement shall be treated as though it were jointly drafted by all Signatories, and any ambiguities shall not be construed for or against any Signatory on the basis of
authorship. 

 Integration 
  

	19.	This Agreement constitutes the entire and only agreement among the undersigned parties with respect to the subjects addressed herein, and any representation, promise, or condition
in connection therewith shall not be binding upon any of the Signatories, except to the extent set forth herein. The Agreement shall not be amended or modified except by a written amendment executed by an authorized representative of each of the
Signatories. 

 Execution in Counterparts 
  

	20.	This Agreement may be executed in multiple counterparts, each of which shall be deemed to be an original, and all such counterparts shall constitute but one instrument.

  

 13 

 Effective Date 
  

	21.	This Agreement shall be effective beginning on the date on which all of the entities listed below have executed the Agreement. 

 Dispute Resolution 
  

	22.	Any dispute arising out of, referring, or relating to this Agreement, including but not limited to a dispute relating to the breach, enforceability, interpretation, application, or
scope of any aspect of this Agreement (including, without limitation, a dispute relating to the breach, enforceability, interpretation, application, or scope of any aspect of this arbitration clause), or a dispute referring or relating to the amount
of any payment obligation created by this Agreement, shall be finally resolved by arbitration in accordance with the Center for Public Resources (“CPR”) Rules for Non-Administered Arbitration in effect on the date of this Agreement, by one
independent and impartial arbitrator to be agreed upon by the disputants or, in the absence of such an agreement, appointed by the CPR. The arbitration shall be governed by the Federal Arbitration Act, 9 U.S.C. §§1–16, and judgment
upon the award rendered by the arbitrator may be entered by any court having jurisdiction thereof. The place of arbitration shall be New York, New York, unless otherwise agreed by the parties to the arbitration. 

  

	23.	 In the event of a dispute about the existence or amount of a payment obligation created under this Agreement, the Arbitrator shall award the prevailing party its
reasonable attorneys’ fees and costs. In addition, if the Arbitrator finds that a Signatory or its Affiliate underpaid or declined to pay a sum that it was obliged to pay another Signatory under the terms of this Agreement, the Arbitrator shall

  

 14 

	 	 
award that other Signatory pre-Award interest at the prime rate as published in the Wall Street Journal on the date that the unpaid or underpaid payment was
due, running from the date that the unpaid amount was required to be paid under this Agreement. 

 No Waiver

  

	24.	Failure to insist on compliance with any term or provision contained in this Agreement shall not be deemed a waiver of that term or provision, nor shall any waiver or relinquishment
of any right or power contained in this Agreement at any one time or more times be deemed a waiver or relinquishment of any right or power at any other time or times. 

 Severability 
  

	25.	The provisions of this Agreement are severable, and if any provision of this Agreement is determined by a court or arbitrator of competent jurisdiction or agreed by the Parties to
be invalid, void or unenforceable, this shall not affect the validity or enforceability of the remainder of this Agreement or any other provision, and this Agreement may be enforced as if any such invalid, void or unenforceable provision were
stricken. 

 References to Visa U.S.A. By-Laws and Operating Regulations 
  

	26.	All references in this Agreement to the Visa U.S.A. By-Laws or Operating Regulations are to the By-Laws and Operating Regulations in effect as of the date hereof. The current
version of Visa By-Laws 2.05 and 11.01 is attached hereto. 

  

 15 

 Further Actions 
  

	27.	Each of the Signatories hereto agrees to take any and all actions reasonably necessary in order to effectuate the intent, and to carry out the provisions, of this Agreement.

 Authority to Sign 
  

	28.	Each of the undersigned individuals signs on behalf of, and represents and warrants that he or she has the authority and authorization to sign on behalf of, the corporations, banks,
companies, or entities identified immediately above his or her signature. 

  

	29.	Each Signatory represents and warrants that it has had an opportunity to seek and has sought independent legal advice from attorneys of its choice and other advice from such
accountants and other professionals as it deems appropriate, in each case with respect to the advisability of executing this Agreement, and such Signatory has carefully read this Agreement and has made such investigation of the facts pertaining to
this Agreement as it deems necessary. 

 Additional Signatories 
  

	30.	This Agreement may be amended to include additional signatories only if each Signatory to this agreement consents in writing. 

  

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 IN WITNESS WHEREOF, the undersigned parties have caused the execution of this Agreement. 
  

					
	 Capital One F.S.B., Capital One Bank
 and Capital One Financial Corp.

		
	By:	 	 /s/    RICHARD D. FAIRBANK

		 	Richard Fairbank
		 	Chief Executive Officer
		 	Dated: May   , 2006
	
	Chase Bank USA, N.A.
		
	By:	 	 /s/    RICHARD SREDNICKI

		 	Richard Srednicki
		 	Chief Executive Officer
		 	Dated: May 4, 2006
	
	JPMorgan Chase & Co.
		
	By:	 	 /s/    JOAN GUGGENHEÏMER

		 	Executive Vice President and General Counsel
		 	Dated: May 4, 2006
	
	 New American Capital, Inc. and
 Washington Mutual Bank

		
	By:	 	 /s/    FAY L. CHAPMAN

		 	Fay L. Chapman
		 	Senior Executive Vice President
		 	Dated: May 15, 2006

  

 17 

					
	U.S. Bank, N.A. and U.S. Bancorp
		
	By:	 	 /s/    LEE R. MITAU

		 	Lee R. Mitau
		 	Executive Vice President and General Counsel
		 	U.S. Bancorp
		 	Date: May     , 2006

  

			
	 Visa U.S.A. Inc.

		
	 By:
	 	 /s/    JOSHUA FLOUM

		 	 Joshua Floum

		 	 General Counsel

		 	 Dated: May 8, 2006

	
	 Wells Fargo & Co.

	 Wells Fargo Bank N.A.

		
	 By:
	 	 /s/    MICHAEL R. JAMES

		 	Michael R. James
		 	Executive Vice President
		 	Dated: May 11. 2006

  

 18Form of Interchange Judgment Sharing Agreement

 Exhibit 10.13 
 INTERCHANGE JUDGMENT SHARING AGREEMENT 
 WHEREAS, this Interchange Judgment Sharing Agreement
(“Agreement“) applies to the cases in the Interchange Litigation as those cases are identified in Schedule A to the Loss Sharing Agreement, dated as of June 12, 2007, among Visa Inc., a Delaware corporation (“Visa
Inc.,” and the other parties thereto); 
 WHEREAS the undersigned parties (the “Signatories”) have been or may be
named as defendants in one or more cases in the Interchange Litigation; 
 WHEREAS, the plaintiffs in the Interchange Litigation (the
“Claimants“) have set forth claims based on (i) certain rules, policies, practices, procedures, and activities of MasterCard International Inc. and MasterCard Incorporated (collectively, “MasterCard”);
(ii) certain rules, policies, practices, procedures, and activities of Visa U.S.A. Inc. (“Visa USA“) and Visa International Service Association (“Visa International“) (collectively, “Visa“);
and (iii) the activities of the members of Visa and MasterCard as they relate to the foregoing rules, policies, practices, procedures and activities (“Visa Conduct“ and “MasterCard Conduct“ respectively);

 WHEREAS the Signatories seek to apportion certain potential liabilities that may be incurred jointly and/or severally in the event of
adverse judgments in or settlements in the Interchange Litigation; 
 NOW, THEREFORE, intending to be bound, and in consideration of the
mutual covenants and agreements contained herein, the Signatories hereby agree, as of this 12th day of June, 2007 (the “Effective Date“), as follows: 
  

	 	1.	Division of Final Judgment into Visa and MasterCard Portions. 

  

	 	(a)	For purposes of this Agreement, “Final Judgment“ refers to a monetary judgment (including any award of compensatory, treble, or other damages and interest, court
costs, attorneys’ fees, or expenses) entered by a court upon the conclusion of a trial, summary judgment proceedings, or any other procedural vehicle that enables a court to enter final judgment on Claimants’ claims, which judgment
(a) is immediately enforceable and has not been stayed pending appeal or (b) becomes final after exhaustion of all appeals or other judicial review or expiration of the time to obtain further judicial review. 

  

	 	(b)	For purposes of this Agreement, the amount of any Final Judgment shall be the amount of damages awarded by a court or jury before any offset or reduction by operation of law on
account of settlement payments by any defendant that do not comply with the provisions of Paragraph 5 of this Agreement. 

	 	(c)	Any Final Judgment in the Interchange Litigation shall be divided into (i) a “Visa Portion,“ which shall be **, and (ii) a “MasterCard
Portion,“ which shall be **. 

  

	 	(d)	For the purposes of this Agreement, **. 

 2. Calculation
of Each Signatory’s Payment Obligation. Upon a Final Judgment in any case that is included within the Interchange Litigation, and subject to paragraphs 4 and 5 of this Agreement, each Signatory that is or at any time has been a defendant in
such a case is obligated to make payments to be calculated as follows: 
  

	 	(a)	Each Signatory shall have a “Payment Share“ that equals the sum of its Visa Share and its MasterCard Share as calculated in this paragraph.

  

	 	(i)	The “Visa Share“ of a Signatory other than Visa USA, Visa International or MasterCard, together with any of such Signatory’s affiliate(s) (including the
Signatory’s direct or indirect parents, subsidiaries, affiliates, predecessors, and successors) that also is/are a defendant(s) in the Interchange Litigation (collectively a “Bank Defendant“), shall equal **.

  

	 	(ii)	Subject to the provisions of paragraph 8 of this Agreement, the Visa Share of Visa International shall equal zero. 

  

	 	(iii)	The Visa Share of Visa USA shall equal **. 

  

	 **
	 Omitted pursuant to a confidential treatment request. The confidential portion has been filed separately
with the SEC. 

  

 2 

	 	(iv)	The “MasterCard Share“ of a Bank Defendant shall be calculated by **. 

  

	 	(v)	The MasterCard Share of Visa USA shall equal zero. 

  

	 	(vi)	Subject to the provisions of paragraph 8 of this Agreement, the MasterCard Share of Visa International shall equal zero. 

  

	 	(b)	** 

 3. Payment Mechanism. Subject to paragraphs 4
and 5 of this Agreement, within seven days after a Final Judgment, each Signatory hereto shall cause the amount of its Payment Share as calculated in accordance with paragraph 2 hereof to be paid, by wire transfer, into a segregated escrow account
(the “Payment Account“) to be established for the receipt of such funds from the Signatories hereto and for the payment of the amount of the Final Judgment to be paid by Signatories to Claimants. Payment shall be made pursuant to
this paragraph notwithstanding the possibility that such payments may later be reimbursed pursuant to the terms of paragraph 7 of this Agreement and Section 3(b)(iv) of the Loss Sharing Agreement. From and after the IPO Date (as such term is
defined in the Global Restructuring Agreement), some or all of the Payment Share of Visa Inc., Visa International and/or Visa USA shall be paid pursuant to, and in such amounts as reflect the restrictions stated in, the provisions of
Section 3(b) of the Loss Sharing Agreement. 
 4. Non-liability of Signatories Under Certain Circumstances. Notwithstanding any
provision in this Agreement to the contrary, if a Final Judgment is entered in favor of a Signatory after trial, summary judgment, or in any other manner other than pursuant to a settlement to the effect that the Signatory is not liable to
Claimants, then the Signatory shall have no obligation under this Agreement with respect to those claims by such Claimants as to which Final Judgment was entered in favor of the Signatory. 
 5. ** 
  

	 **
	 Omitted pursuant to a confidential treatment request. The confidential portion has been filed separately
with the SEC. 

  

 3 

 6. Effect on Other Potential Claims as Between the Signatories. Certain other potential claims
between Signatories as to liability arising as a result of the Interchange Litigation are extinguished by this Agreement, as set forth below. 
  

	 	(a)	This Agreement is in lieu of any other rights of contribution, indemnity, assessment, reimbursement, or sharing, including, without limitation, (i) any rights that Visa
International and Visa USA might otherwise have under any By-Laws, Operating Regulations, contracts, (other than the Transaction Documents (but excluding the by-laws of Visa USA)), or any other source, to seek indemnity or contribution from a Bank
Defendant in connection with the Interchange Litigation, and (ii) any other claims, suits, or causes of action, among or between the Signatories (including the Signatories’ direct or indirect parents, Subsidiaries, predecessors and
successors) in connection with the Interchange Litigation. 

  

	 	(b)	Visa USA will use all commercially reasonable efforts, including the commercially reasonable use of litigation, to enforce whatever rights it may have to obtain funding, through
indemnification or otherwise, from non-signatories hereto for any liabilities it incurs, directly or indirectly, in connection with the Interchange Litigation. 

 7. Coordination with other Visa Litigation Funding Mechanisms. Visa Inc., Visa International, Visa USA and certain members have, through various
agreements agreed to a litigation funding mechanism based upon an escrow of proceeds of the IPO and, if necessary, an offering of additional shares of Visa Inc. Common Stock (collectively, a “Visa Litigation Funding Mechanism“). It
is the intent of Visa Inc., Visa International and Visa USA and of the Bank Defendants that the total liability of a Bank Defendant with respect to the Visa Portion of a Final Judgment shall be limited to its Visa Share as defined in paragraph
2(a)(i) of this Agreement. In the event that any Bank Defendant makes any Visa Share payment pursuant to this Agreement, it shall be entitled to the 
  

	 **
	 Omitted pursuant to a confidential treatment request. The confidential portion has been filed separately
with the SEC. 

  

 4 

 reimbursement of some or all of such payment pursuant to the provisions of Sections 3(b)(vi) and
3(b)(vii) of the Loss Sharing Agreement. 
 8. Participation of Visa International in Judgment Sharing Conditioned Upon the Visa Global
Restructuring. The participation of Visa International in this Agreement shall be conditioned upon the occurrence of the Restructuring Closing (as such term is defined in the Global Restructuring Agreement), pursuant to which, on the terms and
subject to the conditions contained therein, Visa USA and Visa International shall become Subsidiaries of Visa Inc. Until the occurrence of the Restructuring Closing, this Agreement shall be null and void with respect to Visa International, and no
Signatory shall have any obligation to Visa International pursuant to this Agreement. 
 9. No Third Party Benefit. This Agreement is
made and shall be binding on and inure solely to the benefit of the Signatories, Visa Inc., and their respective successors or permitted assigns, but otherwise confers no rights or defenses upon any non-Signatory. A Signatory may not assign any of
its obligations under this Agreement to another person or entity without the written consent of each other Signatory; provided, however, that 
  

	 	(a)	Visa USA and Visa International may assign their rights and obligations to Visa Inc. without such consent; and 

  

	 	(b)	any Signatory other than Visa USA or Visa International may assign its rights and obligations without such consent to any entity(ies) that, as a result of any merger, purchase of
assets, reorganization or other transaction, acquires or succeeds to all or substantially all of the business or assets of such Signatory. 

 10. Effect of Overturned, Modified, or New Judgment. If (i) a Final Judgment is modified at any time after it becomes a Final Judgment and, as so modified (the “Modified Judgment“),
becomes final after exhaustion of all appeals or other judicial review or expiration of the time to obtain further judicial review, or (ii) after a Final Judgment is vacated or overturned, a new Final Judgment (“New Judgment“)
is subsequently entered, then the sharing obligations of each Signatory shall be recalculated under the terms of this Agreement to reflect the Modified Judgment or New Judgment, as applicable. 
 11. Repayment as a Result of Reversal, Vacatur, or Modification of a Final Judgment. If a Claimant received payment from a Signatory based on a
claim asserted in the Interchange Litigation and the Claimant is no longer entitled to some or all of that payment as a result of the reversal, vacatur or modification of a Final Judgment (an “Undue Payment“), and if a Signatory
later succeeds in recovering the Undue Payment in whole or in part, such recovery (including any interest recovered) shall be taken into account for purposes of determining the sharing, indemnity and contribution obligations arising under this
Agreement. Unless and until an Undue Payment is recovered by a Signatory, however, the Undue Payment shall be treated as a payment towards the satisfaction of a Final Judgment for purposes of this Agreement, provided that the Undue Payment
was made in satisfaction or partial satisfaction of what was, at the time the payment was made, a Final Judgment as defined by this Agreement. 
  

 5 

 12. Global Settlement to be Shared Based upon Judgment Sharing Formulas. In the event of a
settlement of any action in the Interchange Litigation by all Signatories that are defendants in such action at the time of the settlement, the total value of the monetary portion of the settlement agreed to be paid in settlement of such action by
the settling Signatories to such Claimants shall be allocated for payment among such settling defendants as if it were a Final Judgment the entirety of which was subject to sharing pursuant to this Agreement. For the avoidance of doubt, a settlement
of any action in the Interchange Litigation by less than all Signatories that are defendants in such action at the time of the settlement shall not be subject to the provisions of this paragraph. 
 13. No Admission of Liability. Nothing contained herein is intended to be, nor shall be deemed to be, an admission of any liability to anyone or an
admission of the existence of facts upon which liability could be based other than to the Signatories pursuant to the terms of this Agreement. 
 14. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts entered into and to be performed entirely within the State of New York. All Signatories
hereby agree that this Agreement is consistent with public policy and hereby covenant and agree not to make any assertion to the contrary. 
 15. Confidentiality. No Signatory shall divulge any of the terms of this Agreement to a third party except as is reasonably required (a) to enable such Signatory’s directors, officers, employees, auditors and attorneys to
carry out their responsibilities hereunder, (b) to comply with the requirements of applicable law or rule, or with a court order or regulatory examination, investigation or request (including, without limitation, any examination, action, or
request of the Office of the Comptroller of the Currency or the Board of Governors of the Federal Reserve System), (c) to comply with the requirements of any stock exchange or other self-regulatory organization as that term is defined at 15
U.S.C. § 78c(a)(26), or (d) to prosecute or defend an action arising out of this Agreement. 
 16. Joint Authorship. This
Agreement shall be treated as though it was jointly drafted by all Signatories, and any ambiguities shall not be construed for or against any Signatory on the basis of authorship. 
 17. Entire Agreement. This Agreement and, if applicable, the Loss Sharing Agreement, the Amended and Restated Certificate of Incorporation of Visa
USA, the Restated Visa Inc. Certificate of Incorporation, the Global Restructuring Agreement, and the Escrow Agreement, constitute the entire and only agreements among the undersigned parties with respect to the subjects addressed herein, and any
representation, promise, or condition in connection therewith shall not be binding upon any of the Signatories, except to the extent set forth herein or therein, as applicable. This Agreement shall not be amended or modified except by a written
amendment executed by an authorized representative of each of the Signatories. 
  

 6 

 18. Execution in Counterparts. This Agreement may be executed in multiple counterparts, each of
which shall be deemed to be an original, and all such counterparts shall constitute but one instrument. 
 19. Effective Date. Subject
to the provisions of paragraph 8, this Agreement shall be effective beginning on the Effective Date. 
 12. Disputes to be Arbitrated.
Any dispute arising out of or relating to this Agreement, including but not limited to a dispute relating to the breach, enforceability, interpretation, application, or scope of any aspect of this Agreement (including, without limitation, a dispute
relating to the breach, enforceability, interpretation, application, or scope of any aspect of this arbitration clause), or a dispute referring or relating to the amount of any payment obligation created by this Agreement, shall be finally resolved
by arbitration in accordance with the Center for Public Resources (“CPR”) Rules for Non-Administered Arbitration in effect on the date of this Agreement, by one independent and impartial arbitrator to be agreed upon by the
disputants or, in the absence of such an agreement, appointed by the CPR. The arbitration shall be governed by the Federal Arbitration Act, 9 U.S.C. §§1–16, and judgment upon the award rendered by the arbitrator may be entered by any
court having jurisdiction thereof. The place of arbitration shall be New York, New York, unless otherwise agreed by the parties to the arbitration. 
 21. Remedies in Arbitration. In the event of a dispute about the existence or amount of a payment obligation created under this Agreement, the Arbitrator shall award the prevailing party its reasonable attorneys’ fees and costs.
In addition, if the Arbitrator finds that a Signatory or its affiliate underpaid or declined to pay a sum that it was obliged to pay another Signatory under the terms of this Agreement, the Arbitrator shall award that other Signatory pre-Award
interest at the prime rate as published in the Wall Street Journal on the date that the unpaid or underpaid payment was due (or, if the actual cost of replacement funds was greater than the prime rate, the prevailing party’s actual cost of
replacement funds), running from the date that the unpaid amount was required to be paid under this Agreement. 
 22. No Waiver.
Failure to insist on compliance with any term or provision contained in this Agreement shall not be deemed a waiver of that term or provision, nor shall any waiver or relinquishment of any right or power contained in this Agreement at any one time
or more times be deemed a waiver or relinquishment of any right or power at any other time or times. 
 23. Severability. The
provisions of this Agreement are severable, and if any provision of this Agreement is determined by a court or arbitrator of competent jurisdiction or agreed by the Parties to be invalid, void or unenforceable, this shall not affect the validity or
enforceability of the remainder of this Agreement or any other provision, and this Agreement may be enforced as if any such invalid, void or unenforceable provision were stricken. 
  

 7 

 24. Further Actions. Each party hereto agrees to take any and all actions reasonably necessary in
order to effectuate the intent, and to carry out the provisions, of this Agreement, including without limitation negotiating in good faith to conform this Agreement as necessary to accomplish its purposes following any reorganization of Visa.
Without limiting the foregoing, at the request of Visa Inc. each party to this Agreement shall reaffirm in writing its obligations hereunder upon or immediately prior to the consummation of the IPO of Visa Inc., provided that the failure of
any party hereunder to so reaffirm its obligation shall not affect the obligation of such party or the obligations of any other party to this Agreement hereunder. 
 25. Authority of Signatory. Each of the undersigned individuals signs on behalf of, and represents and warrants that he or she has the authority and authorization to sign on behalf of, the corporations, banks,
companies, or entities identified immediately above his or her signature. 
 26. Signatory’s Opportunity to Obtain Legal Advice.
Each Signatory represents and warrants that it has had an opportunity to seek and has sought independent legal advice from attorneys of its choice and other advice from such accountants and other professionals as it deems appropriate, in each case
with respect to the advisability of executing this Agreement, and such Signatory has carefully read this Agreement and has made such investigation of the facts pertaining to this Agreement as it deems necessary. 
 27. Additional Signatories. (a) Should Visa Inc. be named, added or substituted by amendment as a defendant in any case that is now or in the
future included in the Interchange Litigation, Visa Inc. shall, automatically and without any other action to be taken by any other Signatory hereto, become a Signatory to this Agreement upon the delivery by Visa Inc. to each other Signatory of a
written agreement to be bound by all of the provisions of this Agreement that apply to or in respect of Visa International (including, for the avoidance of doubt, the obligations and rights of Visa International in respect of the MasterCard Portion
of the Final Judgment), except to the extent that any claims against Visa Inc. relate to (i) any conduct of Visa Inc. after the Restructuring Closing Date (other than the Restructuring or the IPO) or (ii) any conduct of Visa Inc. other
than the Restructuring, the IPO, or a mere continuation of conduct that as of the date of this Agreement is alleged in In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, 1:05-md-01720-JG-JO (E.D.N.Y.) (“MDL
1720”). 
 (b) This Agreement may otherwise be amended to include additional Signatories only if each Signatory to this Agreement
consents in writing. 
 28. Effect of More Favorable Agreement. Each of Visa International and Visa USA hereby represents and warrants
to each Signatory as of the date hereof that, except for this Agreement, the Loss Sharing Agreement, and the Escrow Agreement, and except for the related provisions of the constituent documents of Visa Inc., Visa International or Visa USA (as such
constituent documents may be amended pursuant to the terms of the Global Restructuring Agreement), none of Visa International or Visa USA is a party as of the date hereof to any Contract with any other Person with respect to the sharing of any Final
Judgment in the Interchange Litigation or global settlement in the Interchange Litigation 
  

 8 

 within the scope of paragraph 12 of this Agreement. In the event that at any time after the date hereof
Visa USA, Visa Inc. or Visa International enters into any Contract with any member of Visa USA relating to such member’s obligations with respect to the Interchange Litigation on terms that are more favorable, in the aggregate, than the terms
contained in this Agreement (any such Contract, an “Alternative Judgment Sharing Agreement”), then Visa USA or Visa Inc. shall disclose the existence and terms of such Alternative Judgment Sharing Agreement to all Signatories within five
(5) days after entering into such Alternative Judgment Sharing Agreement and shall offer to each Signatory the right to substitute the terms of the Alternative Judgment Sharing Agreement for the terms of this Agreement, or shall offer to enter
into an amendment to this Agreement in order to provide each Signatory with the benefit of any more favorable terms contained in such Alternative Judgment Sharing Agreement. 
 IN WITNESS WHEREOF, the undersigned parties have caused the execution of this Agreement. 
 Bank of America, N.A., 
 MBNA
America (Delaware), 
 BA Merchant Services LLC (f/k/a National Processing, Inc.), 
 FIA Card Services N.A. (f/k/a Bank of America, N.A. (USA) and MBNA America Bank, N.A.), 
 Bank of America Corporation, and 
 NB Holdings Corporation 
  

					
		 	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	
		 	 Dated:
	 	

 Chase Bank USA, N.A., 
  

					
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
		 	Dated:	 	

  

 9 

					
		 	First National Bank of Omaha
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
		 	Dated:	 	
		
		 	JPMorgan Chase & Co.,
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
		 	Dated:	 	
		
		 	 National City Bank, successor by merger to
 National City Bank of Kentucky

			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
		 	Dated:	 	
		
		 	National City Corporation
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
		 	Dated:	 	
		
		 	 Providian National Bank,
 Providian Financial Corporation, and
 Washington Mutual, Inc.

			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
		 	Dated:	 	

  

 10 

					
		 	Suntrust Banks, Inc.
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
		 	Dated:	 	
		
		 	Texas Independent Bancshares, Inc.
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
		 	Dated:	 	
		
		 	U.S. Bank, N.A. and U.S. Bancorp
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
		 	Dated:	 	
		
		 	Wachovia Bank, N.A. and Wachovia Corporation
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
		 	Dated:	 	

  

 11 

					
		 	 Wells Fargo & Co.
 Wells
Fargo Bank N.A.

			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
		 	Dated:	 	

  

 12 

					
		 	Visa U.S.A. Inc.
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
		 	Dated:	 	
		
		 	Visa International Service Association
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
		 	Dated:	 	

  

 13

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