Document:

Allocation Agreement

 Exhibit 10.2 
 IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE 
  

							
		  	 	)	  	  	
	 IN RE MONEYGRAM INTERNATIONAL,
	  	 	)	  	  	C.A. No. 6387-VCL
	 INC. SHAREHOLDER LITIGATION
	  	 	)	  	  	
		  	 	)	  	  	

 SUPPLEMENTAL AGREEMENT REGARDING SETTLEMENT 

This Supplemental Agreement Regarding Settlement (“Supplemental Agreement”) is entered into this 20th day of July, 2012,
by and between: MoneyGram International, Inc. (“MoneyGram” or the “Company”), Thomas H. Lee Partners, L.P. (“THL”), The Goldman Sachs Group, Inc. (“Goldman”), J. Coley Clark
(“Clark”), Victor W. Dahir (“Dahir”), Thomas M. Hagerty (“Hagerty”), Scott L. Jaeckel (“Jaeckel”), Seth W. Lawry (“Lawry”), Ann Mather (“Mather”),
Pamela Patsley (“Patsley”), Ganesh Rao (“Rao”), and W. Bruce Turner (“Turner)” together with Clark, Dahir, Hagerty, Jaeckel, Lawry, Mather, Patsley, and Rao collectively referred to as the
“Individual Defendants”), and Federal Insurance Company (“Federal”), in connection with the settlement of the action captioned In re MoneyGram International, Inc., Shareholders Litigation, C.A.
No. 6387-VCL (the “Action”), pending in the Court of Chancery of the State of Delaware (the “Court”). 
 WHEREAS, the parties to the Action intend to settle and resolve the claims asserted in the Action and have reached an agreement set forth in a Stipulation (attached hereto as Exhibit “A”),
providing for the settlement of the Action on the terms and conditions set forth therein and subject to the approval of the Court. 
 WHEREAS, in the Stipulation, the Company, acting as depository, agreed, upon the earlier of: (a) ten business days after the Court’s entry of the Scheduling Order or (b) July 20, 2012,
to pay or cause to be paid $10 million (the “Settlement Fund”) into an interest-bearing account established by counsel for Co-Lead Counsel for the Class.1 

 

	1 	 This Supplemental Agreement incorporates the definitions used in the Stipulation. 

 WHEREAS, a third-party with rights related to the Recapitalization has agreed to return to
MoneyGram those legal fees and expenses already paid by MoneyGram on its behalf, and/or waive pending reimbursements, as determined by MoneyGram, in a sum total of $750,000. MoneyGram will, in turn, contribute this $750,000 to the Settlement Fund.

 NOW THEREFORE, the parties to this Supplemental Agreement have, in connection with the settlement set forth in the
Stipulation, agreed as follows: 
 I. 
 TERMS AND CONDITIONS 
 1. Payment to the Plaintiffs. MoneyGram shall
make the payments to the Settlement Fund described in Paragraph 1 of the Stipulation, with the sole exception that Federal shall contribute $2,750,000 of the $10,000,000 directly to the Settlement Fund, on behalf of the Individual Defendants and
MoneyGram pursuant to its coverage obligations under Federal Policy No. 8209-8703. 
 2. THL Contribution. As
members of the MoneyGram Board of Directors, Hagerty, Rao, Jaeckel, and Lawry (the “THL Directors”) are entitled to receive annual compensation. Currently that compensation consists of an annual cash retainer of $90,000, and an equity
award of restricted stock units valued at $90,000. Fees earned by the THL Directors, as well as reimbursements for Board-related expenses, are paid directly to THL Managers VI, LLC. These payments and restricted stock awards to directors are
expected to continue for the foreseeable future. In consideration of MoneyGram’s payment to the Settlement Fund as set forth in Paragraph 1 hereof, THL and the THL Directors agree to waive all future rights to receive cash or equity
compensation from MoneyGram for service by these Directors, or any other Directors appointed by THL, for service on the MoneyGram Board. MoneyGram has valued this waiver at a minimum of $2,000,000.

 3. Goldman Waiver of Reimbursement. Pursuant to Section 6.15 of the
Recapitalization Agreement, MoneyGram, among other things, is required to pay GS Investors’ reasonable legal fees and expenses in connection with any legal proceedings involving the Recapitalization. In consideration of MoneyGram’s payment
to the Settlement Fund as set forth in Paragraph 1 hereof, Goldman agrees not to seek reimbursement of $1,000,000 of the overall total reasonable legal fees and expenses that have been or may be incurred by the GS Investors in connection with the
Action. The GS Investors shall be entitled to seek reimbursement of reasonable fees and expenses over that amount. 
 4.
Contingent on Final Judgment. In the event that the Conditions of Settlement set forth in Paragraph 11 of the Stipulation are not met, then all of the parties shall proceed in all respects as if the Stipulation and this Supplemental Agreement
had not been executed, any and all funds paid into the Settlement Fund shall revert back to the contributor(s) of such funds, all waivers and agreements herein shall be deemed null and void, and any rights of reimbursement or compensation shall
remain in place notwithstanding the terms hereof. 
 5. No Amendments. This Supplemental Agreement may not be amended nor
may any of its provisions be waived except by a writing signed by all of the parties hereto. 
 6. Counterparts. This
Supplemental Agreement may be executed in counterparts and transmitted by facsimile, via e-mail as a PDF file, or as an original signature by any of the signatories hereto, and as so executed shall constitute one agreement. 

 7. Governing Law. This Supplemental Agreement shall be governed by, and construed in
accordance with, the Laws of the State of Delaware, without regard to conflict of law principles. Any dispute arising out of or relating to this Supplemental Agreement shall be filed and litigated exclusively in the Court, which shall retain
jurisdiction over the parties and all such disputes. The parties expressly waive any right to demand a jury trial, and consent to service of process upon their attorneys by registered mail, in connection with any dispute brought in accordance with
this paragraph. 
 8. Execution Authority. Each of the attorneys executing this Supplemental Agreement has been duly
empowered and authorized by his/her respective client(s) to do so. 
 9. Successors and Assigns. This Supplemental
Agreement shall be binding upon and shall inure to the benefit of the parties and their respective agents, successors, executors, heirs and assigns. 
  

									
	 MoneyGram International, Inc.
	 		  	 Special Transaction Committee of the
 MoneyGram Board of Directors

		 		 		  		  	
	 By:
	 	 /s/ John C. Wander
	 		  	By:	  	 /s/ Thomas R. Jackson

		 	 Counsel
	 		  		  	Counsel
					
		 		 		  		  	
	 Thomas H. Lee Partners, L.P.
	 		  	Federal Insurance Company
					
		 		 		  		  	
	 By:
	 	 /s/ Kevin B. Huff
	 		  	By:	  	 
		 	 Counsel
	 		  		  	Counsel
		 		 		  		  	
		 		 		  		  	
	The Goldman Sachs Group, Inc.	 		  		  	
					
		 		 		  		  	
	 By:
	 	 /s/ Stephanie Goldstein
	 		  		  	
		 	 CounselLetter Agreement

 Exhibit 10.3 

 
 

 
 July 26, 2012 
 Mr. Daniel Eckert 
 Vice President, Walmart Financial Services 

Wal-Mart Stores, Inc. 
 702
S.W. 8th Street 

Bentonville, AR 72716 
 Dear Dan: 

MONEYGRAM Payment Systems, Inc. (“MONEYGRAM”) and Wal-Mart Stores, Inc. (“Wal-Mart”) are parties to that certain Money Services
Agreement effective February 1, 2005, as amended (the “2005 Agreement”). Pursuant to Section XIII of the 2005 Agreement, upon the provision of at least one hundred and eighty (180) days notice by either party, the Agreement could
terminate on January 31, 2013 (the “Termination Date”). 
 The parties have been discussing the continued provision of
MoneyGram’s products and services to be offered in Wal-Mart stores, but the parties recognize Wal-Mart has also solicited other bids from potential vendors offering comparable services. 
 To date, neither party has given notice of its intent to terminate the Agreement on the Termination Date. In order to continue discussing a possible extension of the Agreement or new agreement, and based
upon the rapidly approaching 180-day deadline for providing termination notice, upon Wal-Mart’s countersigning of this letter, both parties hereby agree to extend the Termination Date for the Agreement until March 31, 2013. Given the
agreed upon extension of the Termination Date, the parties recognize and agree that the notice of termination date will now be October 2, 2012. 
 This letter agreement and/or any actions taken in connection with this letter agreement are not intended to, and shall not, create or give rise to any obligation on the part of either MONEYGRAM or
Wal-Mart to: (I) enter into or execute any new contract; (ii) renew or extend the 2005 Agreement; (iii) discuss or continue to discuss or negotiate any new agreement or a renewal or extension of the 2005 Agreement; or (iv) pursue
or enter into any agreement or contractual relationship with the other party. Except as expressly set forth in this letter agreement, nothing in this letter agreement shall waive any right or obligation of any party under the 2005 Agreement or under
applicable law. 
 If you have any questions, please contact me at or Rex Northen at . 
 We look forward to talking with you further. 
  

			
	With kind regards,
	
	MoneyGram Payment Systems, Inc.
		
	By: 	 	/s/ Pamela H. Patsley
		 	Pamela H. Patsley, Chief Executive Officer

 Agreed and Acknowledged: 
  

			
	Wal-Mart Stores, Inc.
		
	By: 	 	/s/ Daniel Eckert
		 	Daniel Eckert, Vice President, Financial ServicesEX-10.1

 Exhibit 10.1 
 FIRST AMENDMENT TO CREDIT AGREEMENT 
 THIS FIRST AMENDMENT TO CREDIT
AGREEMENT (this “Amendment”), dated as of November 8, 2012, by and among MICHAEL BAKER CORPORATION, a Pennsylvania corporation (“MBC”), MICHAEL BAKER, JR., INC., a Pennsylvania corporation (“Michael Baker
Jr.”) and MICHAEL BAKER ENGINEERING, INC., a New York corporation (“Baker NY”) (MBC, Michael Baker Jr. and Baker NY are sometimes individually referred to herein as a “Borrower” and collectively as the
“Borrowers”), the guarantor parties to the Credit Agreement from time to time (the “Guarantors”), the Bank parties to the Credit Agreement from time to time (the “Banks”) and CITIZENS BANK OF
PENNSYLVANIA, a banking association organized and existing under the laws of the Commonwealth of Pennsylvania, as administrative agent for the Bank parties hereunder (in such capacity, together with the successors in such capacity, the
“Agent”). 
 W I T N E S S E T H:

 WHEREAS, the Borrowers, the Guarantors, the Banks and the Agent entered into that certain Credit Agreement dated as of
September 30, 2010 (the “Credit Agreement”), pursuant to which the Bank parties to the Credit Agreement have made a revolving credit facility in the maximum aggregate amount of $125,000,000 available to Borrowers, the Swing
Line Lender (as defined in the Credit Agreement) has made a swing line facility in the maximum aggregate amount of $5,000,000 available to the Borrowers, and the Issuing Bank (as defined in the Credit Agreement) has agreed to issue Letters of Credit
up to the maximum aggregate amount of $20,000,000; 
 WHEREAS, the parties to this Amendment, in their mutual interest, have
agreed to amend certain provisions of the Credit Agreement, all as provided for and upon the terms and conditions set forth in this Amendment; and 
 NOW, THEREFORE, in consideration of the premises and of the mutual covenants herein contained, and intending to be legally bound hereby, the parties hereto agree as follows: 

1. Defined Terms. All terms used in this Amendment and not otherwise defined herein shall have the meanings ascribed to
them in the Credit Agreement. The Credit Agreement and this Amendment are to be treated as one agreement and are together referred to hereafter as the “Agreement”. 

2. Recitals. The recitals set forth above are fully incorporated into this Amendment by reference. All references to
“Agent” shall refer to Agent in its capacity as agent for the Banks and for the benefit of itself and the Banks and on behalf of itself and the Banks, as provided for and contemplated under the Loan Documents. 

3. Amendment of Certain Defined Terms. 
 (a) The following terms contained in Section 1.01 of the Credit Agreement are amended and restated as follows: 

 (i) “Agreement” shall mean this Credit Agreement entered into by and among the
Borrowers, the Guarantors, the Banks and the Agent dated as of September 30, 2010, as amended by the First Amendment dated as of the First Amendment Date, as the same may be further amended, modified or supplemented from time to time.

 (b) The following terms shall be inserted in Section 1.01 of the Credit Agreement in the appropriate alphabetical order:

 (i) “First Amendment” shall mean the First Amendment to the Credit Agreement by and among the Borrowers,
the Agent and the Banks dated as of the First Amendment Date. 
 (ii) “First Amendment Date” shall mean
November 8, 2012. 
 4. Amendment of Section 2.01(a). Subsection (a) of Section 2.01 of the
Credit Agreement shall be amended and restated as follows: 
 (a) Revolving Credit Loans. Subject to the terms and
conditions and relying upon the representations and warranties set forth in this Agreement, the Notes and the other Loan Documents, the Banks severally (but not jointly) agree to make loans (the “Revolving Credit Loans”) to the Borrowers
at any time or from time to time on or after the Closing Date and to and including the Business Day immediately preceding the Expiry Date in an aggregate principal amount which, when combined with the aggregate principal amount of all Swing Line
Loans outstanding and the aggregate Letter of Credit Undrawn Availability, shall not exceed at any one time outstanding Fifty Million and 00/100 Dollars ($50,000,000.00) (the “Revolving Credit Facility Commitment”); provided, however, that
no Bank shall be required to make Revolving Credit Loans (or participate in the issuance of Letters of Credit) in an aggregate principal amount outstanding at any one time exceeding such Bank’s Commitment. The Revolving Credit Loans shall be
made pro rata in accordance with each Bank Commitment Percentage. Within the limits of time and amount set forth in this Section 2.01, and subject to the provisions of this Agreement including, without limitation, the Banks’ right
to demand repayment of the Revolving Credit Loans upon the occurrence of an Event of Default, the Borrowers may borrow, repay and reborrow under this Section 2.01; provided, however, that if the Borrowers prepay any Libor Rate Loan on a day
other than the last day of the applicable Interest Period for such Libor Rate Loan, then the Borrowers shall comply with the terms and conditions of Section 2.11(c) with respect to such prepayment. 

5. Amendment of Section 6.11. Section 6.11 of the Credit Agreement shall be amended and restated as follows:

 6.11 Distributions. No Borrower shall declare, make, pay, or agree, become or remain liable to make or pay, any
Distributions of any nature (whether in cash, property, securities or otherwise) on account of or in respect of any shares of the capital stock of such Borrower or on account of the purchase, redemption, retirement or acquisition of

  
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any shares of the capital stock (or warrants, options, or rights for any shares of the capital stock of the Borrower) other than (i) Distributions declared, made or paid by a Subsidiary of a
Borrower to such Borrower, (ii) Distributions made by MBC in an aggregate amount not to exceed Twenty Million and 00/100 Dollars ($20,000,000.00) from and after the date of this Agreement, and (iii) Distributions to repurchase shares of
capital stock of MBC upon terms and at times that are determined by the board of directors of MBC from time to time, provided that such Distributions do not exceed Ten Million and 00/100 Dollars ($10,000,000.00) during any rolling twelve
(12) month period. No Borrower nor any Subsidiary of a Borrower shall enter into or suffer to exist any agreement with any Person, other than in connection with this Agreement, which prohibits or limits the ability of the Loan Parties or any
Subsidiary to create, incur, assume or suffer to exist any Distribution. 
 6. Amendment of Section 9.04 Notices.
Section 9.04 of the Credit Agreement shall be amended and restated as follows: 
 9.04 Notices. All notices, requests, demands,
directions and other communications (collectively, “Notices”) under the provisions of this Agreement or the Notes must be in writing (including telexed or telecopied communication) unless otherwise expressly permitted under this Agreement
and must be sent by first-class or first-class express mail, private overnight or next Business Day courier or by telecopy with confirmation in writing mailed first class, in all cases with charges prepaid, and any such properly given Notice will be
effective when received. All Notices will be sent to the applicable party at the addresses stated below or in accordance with the last unrevoked written direction from such party to the other parties. 

 

			
	If to Borrowers:	 	Michael J. Zugay
		 	Chief Financial Officer
		 	Michael Baker Corporation
		 	Airport Business Park
		 	100 Airside Drive
		 	Moon Township, PA 15108
		
	and a copy to:	 	H. James McKnight, Esquire
		 	Secretary and General Counsel
		 	Michael Baker Corporation
		 	Airport Business Park
		 	100 Airside Drive
		 	Moon Township, PA 15108
		
		 	Michael C McLean, Esquire
		 	K&L Gates
		 	K&L Gates Center, 210 Sixth Ave
		 	Pittsburgh, PA 15222
		
	If to Agent:	 	John J. Ligday, Jr.
		 	Senior Vice President
		 	Citizens Bank of Pennsylvania
		 	29th Floor
		 	525 William Penn Place
		 	Pittsburgh, PA 15219

  
 3 

			
	and a copy to:	 	 Craig S. Heryford, Esquire

Buchanan Ingersoll & Rooney, PC
 20th Floor,
One Oxford Centre
 Pittsburgh, PA 15219-1425

		
	If to Banks:	 	 At such Bank’s address set forth on
 Schedule 1 attached hereto and made
 a part hereof

 7. Amendment of Schedule 1. Schedule 1 of the Credit Agreement shall be amended and
restated as set forth on Schedule 1 attached to the First Amendment. 
 8. Counterparts. This Amendment may be
executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 9. Saving Clause. Except as specifically amended or modified by this Amendment, all parties to this Amendment hereby confirm and ratify the Credit Agreement in its entirety, including
without limitation, the Exhibits, Schedules and Annexes thereto and agree to be bound by the terms thereof. 
 10. Fees
and Expenses. The Borrower shall pay to the Agent all costs and expenses (including reasonable attorneys fees) incurred by the Agent in connection with the negotiation, execution and delivery of this Amendment. 

11. Authorization. Each individual signing this Amendment on behalf of a legal entity represents that such individual is an
authorized representative of such legal entity. 
 [Signature pages begin on following page] 

  
 4 

 SIGNATURE PAGE 1 OF 4 TO THE FIRST AMENDMENT TO THE CREDIT AGREEMENT 

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

			
	BORROWERS:
	
	MICHAEL BAKER CORPORATION
		
	By:	 	 /s/ Bradley L. Mallory

	Title:	 	President & CEO
	
	MICHAEL BAKER, JR., INC.
		
	By:	 	 /s/ Bradley L. Mallory

	Title:	 	President & CEO
	
	MICHAEL BAKER ENGINEERING, INC.
		
	By:	 	 /s/ Bradley L. Mallory

	Title:	 	Executive Vice President

 SIGNATURE PAGE 2 OF 4 TO THE FIRST AMENDMENT TO THE CREDIT AGREEMENT 

 

			
	AGENT:
	
	CITIZENS BANK OF PENNSYLVANIA
		
	By:	 	 /s/ John J. Ligday, Jr.

	Title:	 	Senior Vice President

 SIGNATURE PAGE 3 OF 4 TO THE FIRST AMENDMENT TO THE CREDIT AGREEMENT 

 

			
	 PNC BANK, NATIONAL ASSOCIATION

		
	 By:
	 	 /s/ Justin Krauss

	 Title:
	 	Assistant Vice President

 SIGNATURE PAGE 4 OF 4 TO THE FIRST AMENDMENT TO THE CREDIT AGREEMENT 

 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ J. Barrett Donovan

	Title:	 	Senior Vice President

 Schedule 1 
 Commitments of Lenders 
  

									
	Bank	  	Revolving Credit
Commitment	 	  	 Commitment
 Percentage
	 
	 Citizens Bank of Pennsylvania
	  	$	20,000,000	  	  	 	40	% 
	 29th Floor
	  				  			
	 525 William Penn Place
	  				  			
	 Pittsburgh, PA I 5222
	  				  			
			
	 PNC Bank, National Association
	  	$	17,000,000	  	  	 	34	% 
	 249 Fifth Avenue One PNC Plaza
	  				  			
	 Pittsburgh, PA 15222
	  				  			
			
	 Wells Fargo Bank, National Association
	  	$	13,000,000	  	  	 	26	% 
	 Four Gateway Centre
	  				  			
	 444 Liberty Avenue, Suite 1400
	  				  			
	 Pittsburgh, PA 15222
	  				  			
			
	 Total Commitment Amount
	  	$	50,000,000	  	  	 	100	% 

 JOINDER 
 Intending to be legally bound hereby, the undersigned Guarantor parties to the Credit Agreement (collectively, the “Guarantors”) join in the foregoing First Amendment to Credit Agreement
for the purpose of consenting to the terms thereof and ratifying and confirming their obligations under its Guaranty and Suretyship Agreement and the other Loan Documents to which it is a party, as the case may be, previously delivered to the Agent
or the Banks. Furthermore, the undersigned acknowledge and agree that the obligations of the Borrowers incurred in connection with the First Amendment to Credit Agreement shall be obligations which are secured by and entitled to the benefits of the
Guarantees and the other Loan Documents to which the undersigned is a party, as the case may be. 
 Each of the undersigned
hereby reaffirms the validity and enforceability of the Guarantees to which each such undersigned is a party. The undersigned hereby represents and warrants that as of the date of this First Amendment to Credit Agreement, the undersigned has no
defenses or counterclaims whatsoever against the Agent or the Banks arising from this Amendment, the Credit Agreement or the Loan Documents, or any of them and that the Agent and the Banks have not waived any of their rights and remedies.

  

			
	  GUARANTORS:
	
	THE LPA GROUP INCORPORATED
		
	By:	 	 /s/ Bradley L. Mallory

	Title:	 	Executive Vice President
	
	RBF CONSULTING
		
	By:	 	 /s/ Bradley L. Mallory

	Title:	 	Executive Vice President

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