Document:

exv4w02

Exhibit 4.2

FORM OF SUBORDINATED INDENTURE TO BE ENTERED INTO BETWEEN

THE COMPANY AND A TRUSTEE TO BE NAMED

PHARMANET DEVELOPMENT GROUP, INC.

 

INDENTURE

Dated as of [                    ], 2008

 

[Name of Trustee]

Trustee

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE I.	 	DEFINITIONS AND INCORPORATION BY REFERENCE	 	 	1	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 1.1	 	Definitions	 	 	1	 
	 
	 	Section 1.2	 	Other Definitions	 	 	6	 
	 
	 	Section 1.3	 	Incorporation by Reference of Trust Indenture Act	 	 	6	 
	 
	 	Section 1.4	 	Rules of Construction	 	 	7	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE II.	 	THE SECURITIES	 	 	7	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 2.1	 	Issuable in Series	 	 	7	 
	 
	 	Section 2.2	 	Establishment of Terms of Series of Securities	 	 	8	 
	 
	 	Section 2.3	 	Execution and Authentication	 	 	10	 
	 
	 	Section 2.4	 	Registrar and Paying Agent	 	 	11	 
	 
	 	Section 2.5	 	Paying Agent to Hold Money in Trust	 	 	11	 
	 
	 	Section 2.6	 	Securityholder Lists	 	 	12	 
	 
	 	Section 2.7	 	Transfer and Exchange	 	 	12	 
	 
	 	Section 2.8	 	Mutilated, Destroyed, Lost and Stolen Securities	 	 	12	 
	 
	 	Section 2.9	 	Outstanding Securities	 	 	13	 
	 
	 	Section 2.10	 	Treasury Securities	 	 	14	 
	 
	 	Section 2.11	 	Temporary Securities	 	 	14	 
	 
	 	Section 2.12	 	Cancellation	 	 	14	 
	 
	 	Section 2.13	 	Defaulted Interest	 	 	14	 
	 
	 	Section 2.14	 	Global Securities	 	 	14	 
	 
	 	Section 2.15	 	CUSIP Numbers	 	 	16	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE III.	 	REDEMPTION	 	 	16	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 3.1	 	Notice to Trustee	 	 	16	 
	 
	 	Section 3.2	 	Selection of Securities to be Redeemed	 	 	16	 
	 
	 	Section 3.3	 	Notice of Redemption	 	 	17	 
	 
	 	Section 3.4	 	Effect of Notice of Redemption	 	 	17	 
	 
	 	Section 3.5	 	Deposit of Redemption Price	 	 	17	 
	 
	 	Section 3.6	 	Securities Redeemed in Part	 	 	17	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE IV.	 	COVENANTS	 	 	18	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 4.1	 	Payment of Principal and Interest	 	 	18	 
	 
	 	Section 4.2	 	SEC Reports	 	 	18	 
	 
	 	Section 4.3	 	Compliance Certificate	 	 	18	 
	 
	 	Section 4.4	 	Stay, Extension and Usury Laws	 	 	18	 
	 
	 	Section 4.5	 	Corporate Existence	 	 	19	 
	 
	 	Section 4.6	 	Taxes	 	 	19	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE V.	 	SUCCESSORS	 	 	19	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 5.1	 	When Company May Merge, Etc.	 	 	19	 

i

 

TABLE OF CONTENTS
(continued)

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 5.2	 	Successor Corporation Substituted	 	 	19	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE VI.	 	DEFAULTS AND REMEDIES	 	 	20	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 6.1	 	Events of Default	 	 	20	 
	 
	 	Section 6.2	 	Acceleration of Maturity; Rescission and Annulment	 	 	21	 
	 
	 	Section 6.3	 	Collection of Indebtedness and Suits for Enforcement
by Trustee	 	 	22	 
	 
	 	Section 6.4	 	Trustee May File Proofs of Claim	 	 	23	 
	 
	 	Section 6.5	 	Trustee May Enforce Claims Without Possession of
Securities	 	 	23	 
	 
	 	Section 6.6	 	Application of Money Collected	 	 	24	 
	 
	 	Section 6.7	 	Limitation on Suits	 	 	24	 
	 
	 	Section 6.8	 	Unconditional Right of Holders to Receive Principal and
Interest	 	 	25	 
	 
	 	Section 6.9	 	Restoration of Rights and Remedies	 	 	25	 
	 
	 	Section 6.10	 	Rights and Remedies Cumulative	 	 	25	 
	 
	 	Section 6.11	 	Delay or Omission Not Waiver	 	 	25	 
	 
	 	Section 6.12	 	Control by Holders	 	 	25	 
	 
	 	Section 6.13	 	Waiver of Past Defaults	 	 	26	 
	 
	 	Section 6.14	 	Undertaking for Costs	 	 	26	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE VII.	 	TRUSTEE	 	 	26	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 7.1	 	Duties of Trustee	 	 	26	 
	 
	 	Section 7.2	 	Rights of Trustee	 	 	28	 
	 
	 	Section 7.3	 	Individual Rights of Trustee	 	 	28	 
	 
	 	Section 7.4	 	Trustee's Disclaimer	 	 	28	 
	 
	 	Section 7.5	 	Notice of Defaults	 	 	28	 
	 
	 	Section 7.6	 	Reports by Trustee to Holders	 	 	29	 
	 
	 	Section 7.7	 	Compensation and Indemnity	 	 	29	 
	 
	 	Section 7.8	 	Replacement of Trustee	 	 	30	 
	 
	 	Section 7.9	 	Successor Trustee by Merger, Etc.	 	 	31	 
	 
	 	Section 7.10	 	Eligibility; Disqualification	 	 	31	 
	 
	 	Section 7.11	 	Preferential Collection of Claims Against Company	 	 	31	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE VIII.	 	SATISFACTION AND DISCHARGE; DEFEASANCE	 	 	31	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 8.1	 	Satisfaction and Discharge of Indenture	 	 	31	 
	 
	 	Section 8.2	 	Application of Trust Funds; Indemnification	 	 	32	 
	 
	 	Section 8.3	 	Legal Defeasance of Securities of any Series	 	 	33	 
	 
	 	Section 8.4	 	Covenant Defeasance	 	 	34	 
	 
	 	Section 8.5	 	Repayment to Company	 	 	35	 
	 
	 	Section 8.6	 	Reinstatement	 	 	35	 

ii

 

TABLE OF CONTENTS
(continued)

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE IX.	 	AMENDMENTS AND WAIVERS	 	 	36	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 9.1	 	Without Consent of Holders	 	 	36	 
	 
	 	Section 9.2	 	With Consent of Holders	 	 	36	 
	 
	 	Section 9.3	 	Limitations	 	 	37	 
	 
	 	Section 9.4	 	Compliance with Trust Indenture Act	 	 	38	 
	 
	 	Section 9.5	 	Revocation and Effect of Consents	 	 	38	 
	 
	 	Section 9.6	 	Notation on or Exchange of Securities	 	 	38	 
	 
	 	Section 9.7	 	Trustee Protected	 	 	38	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE X.	 	MISCELLANEOUS	 	 	39	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 10.1	 	Trust Indenture Act Controls	 	 	39	 
	 
	 	Section 10.2	 	Notices	 	 	39	 
	 
	 	Section 10.3	 	Communication by Holders with Other Holders	 	 	39	 
	 
	 	Section 10.4	 	Certificate and Opinion as to Conditions Precedent	 	 	40	 
	 
	 	Section 10.5	 	Statements Required in Certificate or Opinion	 	 	40	 
	 
	 	Section 10.6	 	Rules by Trustee and Agents	 	 	40	 
	 
	 	Section 10.7	 	Legal Holidays	 	 	40	 
	 
	 	Section 10.8	 	No Recourse Against Others	 	 	41	 
	 
	 	Section 10.9	 	Counterparts	 	 	41	 
	 
	 	Section 10.10	 	Governing Laws	 	 	41	 
	 
	 	Section 10.11	 	No Adverse Interpretation of Other Agreements	 	 	41	 
	 
	 	Section 10.12	 	Successors	 	 	41	 
	 
	 	Section 10.13	 	Severability	 	 	41	 
	 
	 	Section 10.14	 	Table of Contents, Headings, Etc.	 	 	41	 
	 
	 	Section 10.15	 	Securities in a Foreign Currency or in ECU	 	 	42	 
	 
	 	Section 10.16	 	Judgment Currency	 	 	42	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE XI.	 	SINKING FUNDS	 	 	43	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 11.1	 	Applicability of Article	 	 	43	 
	 
	 	Section 11.2	 	Satisfaction of Sinking Fund Payments with Securities	 	 	43	 
	 
	 	Section 11.3	 	Redemption of Securities for Sinking Fund	 	 	44	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE XII.	 	SUBORDINATION OF SECURITIES	 	 	44	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Section 12.1	 	Agreement of Subordination	 	 	44	 
	 
	 	Section 12.2	 	Payments to Holders	 	 	45	 
	 
	 	Section 12.3	 	Subrogation of Securities	 	 	47	 
	 
	 	Section 12.4	 	Authorization to Effect Subordination	 	 	48	 
	 
	 	Section 12.5	 	Notice to Trustee	 	 	48	 
	 
	 	Section 12.6	 	Trustee's Relation to Senior Indebtedness	 	 	49	 
	 
	 	Section 12.7	 	No Impairment of Subordination	 	 	50	 
	 
	 	Section 12.8	 	Article Applicable to Paying Agents	 	 	50	 
	 
	 	Section 12.9	 	Senior Indebtedness Entitled to Rely	 	 	50	 

iii

 

PharmaNet Development Group, Inc.

Reconciliation and tie between Trust Indenture Act of 1939 and

Indenture, dated as of [                    ], 2008

	 	 	 
	Section 310(a)(1)
	 	7.10

	(a)(2)
	 	7.10

	(a)(3)
	 	Not Applicable

	(a)(4)
	 	Not Applicable

	(a)(5)
	 	7.10

	(b)
	 	7.10

	Section 311(a)
	 	7.11

	(b)
	 	7.11

	(c)
	 	Not Applicable

	Section 312(a)
	 	2.6

	(b)
	 	10.3

	(c)
	 	10.3

	Section 313(a)
	 	7.6

	(b)(1)
	 	7.6

	(b)(2)
	 	7.6

	(c)(1)
	 	7.6

	(d)
	 	7.6

	Section 314(a)
	 	4.2, 10.5

	(b)
	 	Not Applicable

	(c)(1)
	 	10.4

	(c)(2)
	 	10.4

	(c)(3)
	 	Not Applicable

	(d)
	 	Not Applicable

	(e)
	 	10.5

	(f)
	 	Not Applicable

	Section 315(a)
	 	7.1

	(b)
	 	7.5

	(c)
	 	7.1

	(d)
	 	7.1

	(e)
	 	6.14

	Section 316(a)
	 	2.10

	(a)(1)(A)
	 	6.12

	(a)(1)(B)
	 	6.13

	(b)
	 	6.8

	Section 317(a)(1)
	 	6.3

	(a)(2)
	 	6.4

	(b)
	 	2.5

	Section 318(a)
	 	10.1

Note: This reconciliation and tie shall not, for any purpose, be deemed to be part of the
Indenture.

 

 

          Indenture dated as of [                    ], 2008 between PharmaNet Development Group, Inc., a Delaware
corporation (“Company”), and [Name of Trustee], a (“Trustee”).

          Each party agrees as follows for the benefit of the other party and for the equal and ratable
benefit of the Holders of the Securities issued under this Indenture.

ARTICLE I.

DEFINITIONS AND INCORPORATION BY REFERENCE

Section 1.1 Definitions.

          “Additional Amounts” means any additional amounts that are required hereby or by any Security,
under circumstances specified herein or therein, to be paid by the Company in respect of certain
taxes imposed on Holders specified therein and that are owing to such Holders.

          “Affiliate” of any specified person means any other person directly or indirectly controlling
or controlled by or under direct or indirect common control with such specified person. For the
purposes of this definition, “control” (including, with correlative meanings, the terms “controlled
by” and “under common control with”), as used with respect to any person, shall mean the
possession, directly or indirectly, of the power to direct or cause the direction of the management
or policies of such person, whether through the ownership of voting securities or by agreement or
otherwise.

          “Agent” means any Registrar, Paying Agent, Service Agent or authenticating agent.

          “Authorized Newspaper” means a newspaper in an official language of the country of publication
customarily published at least once a day for at least five days in each calendar week and of
general circulation in the place in connection with which the term is used. If it shall be
impractical to make any publication of any notice required hereby in an Authorized Newspaper, any
publication or other notice in lieu thereof that is made or given by the Trustee shall constitute a
sufficient publication of such notice.

          “Bearer” means anyone in possession from time to time of a Bearer Security.

          “Bearer Security” means any Security, including any interest coupon appertaining thereto, that
does not provide for the identification of the Holder thereof.

          “Board of Directors” means the Board of Directors of the Company or any duly authorized
committee thereof.

          “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant
Secretary of the Company to have been adopted by the Board of Directors or pursuant to
authorization by the Board of Directors and to be in full force and effect on the date of the
certificate, and delivered to the Trustee.

          “Business Day” means, unless otherwise provided by Board Resolution, Officers’ Certificate or
supplemental indenture hereto for a particular Series, any day except a Saturday,

 

 

Sunday or a legal holiday in The City of New York, New York on which banking institutions are
authorized or required by law, regulation or executive order to close.

          “Company” means the party named as such above until a successor replaces it and thereafter
means the successor.

          “Company Order” means a written order signed in the name of the Company by two Officers, one
of whom must be the Company’s chief executive officer, chief financial officer or principal
accounting officer.

          “Company Request” means a written request signed in the name of the Company by its Chairman of
the Board, a President or a Vice President, and by its Treasurer, an Assistant Treasurer, its
Secretary or an Assistant Secretary, and delivered to the Trustee.

          “Corporate Trust Office” means the office of the Trustee at which at any particular time its
corporate trust business shall be principally administered.

          “Debt” of any person as of any date means, without duplication, all indebtedness of such
person in respect of borrowed money, including all interest, fees and expenses owed in respect
thereto (whether or not the recourse of the lender is to the whole of the assets of such person or
only to a portion thereof), or evidenced by bonds, notes, debentures or similar instruments.

          “Default” means any event that is, or after notice or passage of time would be, an Event of
Default.

          “Depository” means, with respect to the Securities of any Series issuable or issued in whole
or in part in the form of one or more Global Securities, the person designated as Depository for
such Series by the Company, which Depository shall be a clearing agency registered under the
Exchange Act; and if at any time there is more than one such person, “Depository” as used with
respect to the Securities of any Series shall mean the Depository with respect to the Securities of
such Series.

          “Designated Senior Indebtedness” means any of our senior indebtedness that expressly provides
that it is “designated senior indebtedness” for purposes of this Indenture (provided that the
instrument, agreement or other document creating or evidencing such Senior Indebtedness may place
limitations and conditions on the right of such Senior Indebtedness to exercise the rights of
Designated Senior Indebtedness).

          “Discount Security” means any Security that provides for an amount less than the stated
principal amount thereof to be due and payable upon declaration of acceleration of the maturity
thereof pursuant to Section 6.2.

          “Dollars” means the currency of The United States of America.

          “ECU” means the European Currency Unit as determined by the Commission of the European Union.

2

 

          “Exchange Act” means the Securities Exchange Act of 1934, as amended.

          “Foreign Currency” means any currency or currency unit issued by a government other than the
government of The United States of America.

          “Foreign Government Obligations” means with respect to Securities of any Series that are
denominated in a Foreign Currency, (i) direct obligations of the government that issued or caused
to be issued such currency for the payment of which obligations its full faith and credit is
pledged or (ii) obligations of a person controlled or supervised by or acting as an agency or
instrumentality of such government the timely payment of which is unconditionally guaranteed as a
full faith and credit obligation by such government, which, in either case under clauses (i) or
(ii), are not callable or redeemable at the option of the issuer thereof.

          “Global Security” or “Global Securities” means a Security or Securities, as the case may be,
in the form established pursuant to Section 2.2 evidencing all or part of a Series of Securities,
issued to the Depository for such Series or its nominee, and registered in the name of such
Depository or nominee.

          “Holder” or “Securityholder” means a person in whose name a Security is registered or the
holder of a Bearer Security.

          “indebtedness” means, with respect to any person, and without duplication, (a) all
indebtedness, obligations and other liabilities (contingent or otherwise) of such person for
borrowed money (including obligations of the Company in respect of overdrafts, foreign exchange
contracts, currency exchange agreements, interest rate protection agreements, and any loans or
advances from banks, whether or not evidenced by notes or similar instruments) or evidenced by
bonds, debentures, notes or similar instruments (whether or not the recourse of the lender is to
the whole of the assets of such person or to only a portion thereof) (other than any account
payable or other accrued current liability or obligation incurred in the ordinary course of
business in connection with the obtaining of materials or services), (b) all reimbursement
obligations and other liabilities (contingent or otherwise) of such person with respect to letters
of credit, bank guarantees or bankers’ acceptances, (c) all obligations and liabilities (contingent
or otherwise) in respect of leases of such person required, in conformity with generally accepted
accounting principles, to be accounted for as capitalized lease obligations on the balance sheet of
such person and all obligations and other liabilities (contingent or otherwise) under any lease or
related document (including a purchase agreement) in connection with the lease of real property
which provides that such person is contractually obligated to purchase or cause a third party to
purchase the leased property and thereby guarantee a minimum residual value of the leased property
to the lessor and the obligations of such person under such lease or related document to purchase
or to cause a third party to purchase such leased property, (d) all obligations of such person
(contingent or otherwise) with respect to an interest rate or other swap, cap or collar agreement
or other similar instrument or agreement or foreign currency hedge, exchange, purchase or similar
instrument or agreement, (e) all direct or indirect guaranties or similar agreements by such person
in respect of, and obligations or liabilities (contingent or otherwise) of such person to purchase
or otherwise acquire or otherwise assure a creditor against loss in respect of indebtedness,
obligations or liabilities of another person of the kind described in clauses (a) through (d), (f)
any indebtedness or other obligations described in clauses (a) through

3

 

(e) secured by any mortgage, pledge, lien or other encumbrance existing on property which is
owned or held by such person, regardless of whether the indebtedness or other obligation secured
thereby shall have been assumed by such person and (g) any and all refinancings, replacements,
deferrals, renewals, extensions and refundings of, or amendments, modifications or supplements to,
any indebtedness, obligation or liability of the kind described in clauses (a) through (f).

          “Indenture” means this Indenture as amended from time to time and shall include the form and
terms of particular Series of Securities established as contemplated hereunder.

          “interest” with respect to any Discount Security which by its terms bears interest only after
Maturity, means interest payable after Maturity.

          “Maturity,” when used with respect to any Security or installment of principal thereof, means
the date on which the principal of such Security or such installment of principal becomes due and
payable as therein or herein provided, whether at the Stated Maturity or by declaration of
acceleration, call for redemption, notice of option to elect repayment or otherwise.

          “Officer” means the Chairman of the Board, any President, any Vice-President, the Treasurer,
the Secretary, any Assistant Treasurer or any Assistant Secretary of the Company.

          “Officers’ Certificate” means a certificate signed by two Officers, one of whom must be the
Company’s principal executive officer, principal financial officer or principal accounting officer.

          “Opinion of Counsel” means a written opinion of legal counsel who is acceptable to the
Trustee. The counsel may be an employee of or counsel to the Company.

          “person” means any individual, corporation, partnership, joint venture, association, limited
liability company, joint-stock company, trust, unincorporated organization or government or any
agency or political subdivision thereof.

          “principal” of a Security means the principal of the Security plus, when appropriate, the
premium, if any, on, and any Additional Amounts in respect of, the Security.

          “Representative” means the (a) indenture trustee or other trustee, agent or representative for
any Senior Indebtedness or (b) with respect to any Senior Indebtedness that does not have any such
trustee, agent or other representative, (i) in the case of such Senior Indebtedness issued pursuant
to an agreement providing for voting arrangements as among the holders or owners of such Senior
Indebtedness, any holder or owner of such Senior Indebtedness acting with the consent of the
required persons necessary to bind such holders or owners of such Senior Indebtedness and (ii) in
the case of all other such Senior Indebtedness, the holder or owner of such Senior Indebtedness.

          “Responsible Officer” means any officer of the Trustee in its Corporate Trust Office and also
means, with respect to a particular corporate trust matter, any other officer to whom any corporate
trust matter is referred because of his or her knowledge of and familiarity with a particular
subject.

4

 

          “SEC” means the Securities and Exchange Commission.

          “Securities” means the debentures, notes or other debt instruments of the Company of any
Series authenticated and delivered under this Indenture.

          “Senior Indebtedness” means the principal, premium, if any, interest, including any interest
accruing after bankruptcy, and rent or termination payment on or other amounts due on our current
or future Indebtedness, whether created, incurred, assumed, guaranteed or in effect guaranteed by
us, including any deferrals, renewals, extensions, refundings, amendments, modifications or
supplements to the above. However, Senior Indebtedness does not include: (i) Indebtedness that
expressly provides that it shall not be senior in right of payment to the Securities or expressly
provides that it is on the same basis or junior to the Securities; (ii) our indebtedness to any of
our majority-owned Subsidiaries; and (iii) the Securities.

          “Series” or “Series of Securities” means each series of debentures, notes or other debt
instruments of the Company created pursuant to Sections 2.1 and 2.2 hereof.

          “Significant Subsidiary” means (i) any direct or indirect Subsidiary of the Company that would
be a “significant subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated
pursuant to the Securities Act of 1933, as amended, as such regulation is in effect on the date
hereof, or (ii) any group of direct or indirect Subsidiaries of the Company that, taken together as
a group, would be a “significant subsidiary” as defined in Article 1, Rule 1-002 of Regulation S-X,
promulgated pursuant to the Securities Act of 1933, as amended, as such regulation is in effect on
the date hereof.

          “Stated Maturity” when used with respect to any Security or any installment of principal
thereof or interest thereon, means the date specified in such Security as the fixed date on which
the principal of such Security or such installment of principal or interest is due and payable.

          “Subsidiary” of any specified person means (i) any corporation of which at least a majority of
the outstanding stock having by the terms thereof ordinary voting power for the election of
directors of such corporation (irrespective of whether or not at the time stock of any other class
or classes of such corporation shall have or might have voting power by reason of the happening of
any contingency) is at the time directly or indirectly owned by such person, or by one or more
other Subsidiaries, or by such person and one or more other Subsidiaries or (ii) any other person
(other than a corporation) of which at least a majority of the ownership interest is at the time
directly or indirectly owned by such person, or by one or more other Subsidiaries, or by such
person and one or more other Subsidiaries.

          “TIA” means the Trust Indenture Act of 1939 (15 U.S. Code Sections 77aaa-77bbbb) as in effect
on the date of this Indenture; provided, however, that in the event the Trust Indenture Act of 1939
is amended after such date, “TIA” means, to the extent required by any such amendment, the Trust
Indenture Act as so amended.

          “Trustee” means the person named as the “Trustee” in the first paragraph of this instrument
until a successor Trustee shall have become such pursuant to the applicable provisions of this
Indenture, and thereafter “Trustee” shall mean or include each person who is

5

 

then a Trustee hereunder, and if at any time there is more than one such person, “Trustee” as
used with respect to the Securities of any Series shall mean the Trustee with respect to Securities
of that Series.

          “U.S. Government Obligations” means securities that are (i) direct obligations of The United
States of America for the payment of which its full faith and credit is pledged or (ii) obligations
of a person controlled or supervised by and acting as an agency or instrumentality of The United
States of America the payment of which is unconditionally guaranteed as a full faith and credit
obligation by The United States of America, and which in the case of (i) and (ii) are not callable
or redeemable at the option of the issuer thereof, and shall also include a depository receipt
issued by a bank or trust company as custodian with respect to any such U.S. Government Obligation
or a specific payment of interest on or principal of any such U.S. Government Obligation held by
such custodian for the account of the holder of a depository receipt, provided that (except as
required by law) such custodian is not authorized to make any deduction from the amount payable to
the holder of such depository receipt from any amount received by the custodian in respect of the
U.S. Government Obligation evidenced by such depository receipt.

Section 1.2 Other Definitions.

	 	 	 	 	 
	 	 	DEFINED IN
	TERM	 	SECTION
	“Bankruptcy Law”
	 	 	6.1	 
	“Custodian”
	 	 	6.1	 
	“Event of Default”
	 	 	6.1	 
	“Journal”
	 	 	10.15	 
	“Judgment Currency”
	 	 	10.16	 
	“Legal Holiday”
	 	 	10.7	 
	“mandatory sinking fund payment”
	 	 	11.1	 
	“Market Exchange Rate”
	 	 	10.15	 
	“New York Banking Day”
	 	 	10.16	 
	“optional sinking fund payment”
	 	 	11.1	 
	“Paying Agent”
	 	 	2.4	 
	“Payment Blockage Notice”
	 	 	12.2	 
	“Registrar”
	 	 	2.4	 
	“Required Currency”
	 	 	10.16	 
	“Service Agent”
	 	 	2.4	 
	“successor person”
	 	 	5.1	 

Section 1.3 Incorporation by Reference of Trust Indenture Act.

          Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by
reference in and made a part of this Indenture. The following TIA terms used in this Indenture have
the following meanings:

          “Commission” means the SEC.

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          “indenture securities” means the Securities.

          “indenture security holder” means a Securityholder.

          “indenture to be qualified” means this Indenture.

          “indenture trustee” or “institutional trustee” means the Trustee.

          “obligor” on the indenture securities means the Company and any successor obligor upon the
Securities.

          All other terms used in this Indenture that are defined by the TIA, defined by TIA reference
to another statute or defined by SEC rule under the TIA and not otherwise defined herein are used
herein as so defined.

Section 1.4 Rules of Construction.

          Unless the context otherwise requires:

          (a) a term has the meaning assigned to it;

          (b) an accounting term not otherwise defined has the meaning assigned to it in accordance with
generally accepted accounting principles;

          (c) references to “generally accepted accounting principles” shall mean generally accepted
accounting principles in effect as of the time when and for the period as to which such accounting
principles are to be applied;

          (d) “or” is not exclusive;

          (e) “including” means “including without limitation”;

          (f) words in the singular include the plural, and in the plural include the singular; and

          (g) provisions apply to successive events and transactions.

ARTICLE II.

THE SECURITIES

Section 2.1 Issuable in Series.

          The aggregate principal amount of Securities that may be authenticated and delivered under
this Indenture is unlimited. The Securities may be issued in one or more Series. All Securities of
a Series shall be identical except as may be set forth in a Board Resolution, a supplemental
indenture or an Officers’ Certificate detailing the adoption of the terms thereof pursuant to the
authority granted under a Board Resolution. In the case of Securities of a Series to be issued from
time to time, the Board Resolution, Officers’ Certificate or supplemental indenture may provide for
the method by which specified terms (such as interest rate, maturity

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date, record date or date from which interest shall accrue) are to be determined. Securities
may differ between Series in respect of any matters, provided that all Series of Securities shall
be equally and ratably entitled to the benefits of the Indenture but all Securities issued
hereunder shall be subordinate and junior in right of payment, to the extent and in the manner set
forth in Article XII, to all Senior Indebtedness of the Company.

Section 2.2 Establishment of Terms of Series of Securities.

          At or prior to the issuance of any Securities within a Series, the following shall be
established (as to the Series generally, in the case of Subsection 2.2.1 and either as to such
Securities within the Series or as to the Series generally in the case of Subsections 2.2.2 through
2.2.22) by a Board Resolution, a supplemental indenture or an Officers’ Certificate pursuant to
authority granted under a Board Resolution:

          2.2.1 the title of the Series (which shall distinguish the Securities of that particular
Series from the Securities of any other Series);

          2.2.2 the price or prices (expressed as a percentage of the principal amount thereof) at which
the Securities of the Series will be issued;

          2.2.3 any limit upon the aggregate principal amount of the Securities of the Series which may
be authenticated and delivered under this Indenture (except for Securities authenticated and
delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of
the Series pursuant to Section 2.7, 2.8, 2.11, 3.6 or 9.6);

          2.2.4 the date or dates on which the principal of the Securities of the Series is payable;

          2.2.5 the rate or rates (which may be fixed or variable) per annum or, if applicable, the
method used to determine such rate or rates (including, but not limited to, any commodity,
commodity index, stock exchange index or financial index) at which the Securities of the Series
shall bear interest, if any, the date or dates from which such interest, if any, shall accrue, the
date or dates on which such interest, if any, shall commence and be payable and any regular record
date for the interest payable on any interest payment date;

          2.2.6 the place or places where the principal of and interest, if any, on the Securities of
the Series shall be payable, or the method of such payment, if by wire transfer, mail or other
means;

          2.2.7 if applicable, the period or periods within which, the price or prices at which and the
terms and conditions upon which the Securities of the Series may be redeemed, in whole or in part,
at the option of the Company;

          2.2.8 the obligation, if any, of the Company to redeem or purchase the Securities of the
Series pursuant to any sinking fund or analogous provisions or at the option of a Holder thereof
and the period or periods within which, the price or prices at which and the terms and conditions
upon which Securities of the Series shall be redeemed or purchased, in whole or in part, pursuant
to such obligation;

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          2.2.9 the dates, if any, on which and the price or prices at which the Securities of the
Series will be repurchased by the Company at the option of the Holders thereof and other detailed
terms and provisions of such repurchase obligations;

          2.2.10 if other than denominations of $1,000 and any integral multiple thereof, the
denominations in which the Securities of the Series shall be issuable;

          2.2.11 the forms of the Securities of the Series in bearer or fully registered form (and, if
in fully registered form, whether the Securities will be issuable as Global Securities);

          2.2.12 if other than the principal amount thereof, the portion of the principal amount of the
Securities of the Series that shall be payable upon declaration of acceleration of the maturity
thereof pursuant to Section 6.2;

          2.2.13 the currency of denomination of the Securities of the Series, which may be Dollars or
any Foreign Currency, including, but not limited to, the ECU, and if such currency of denomination
is a composite currency other than the ECU, the agency or organization, if any, responsible for
overseeing such composite currency;

          2.2.14 the designation of the currency, currencies or currency units in which payment of the
principal of and interest, if any, on the Securities of the Series will be made;

          2.2.15 if payments of principal of or interest, if any, on the Securities of the Series are to
be made in one or more currencies or currency units other than that or those in which such
Securities are denominated, the manner in which the exchange rate with respect to such payments
will be determined;

          2.2.16 the manner in which the amounts of payment of principal of or interest, if any, on the
Securities of the Series will be determined, if such amounts may be determined by reference to an
index based on a currency or currencies or by reference to a commodity, commodity index, stock
exchange index or financial index;

          2.2.17 the provisions, if any, relating to any security provided for the Securities of the
Series;

          2.2.18 if the holders of Securities of the Series may convert or exchange the Securities into
or for securities of the Issuer or of other entities or other property, the period or periods
within which, the rate or rates at which and the terms and conditions upon which Securities of the
Series may be converted or exchanged, in whole or in part;

          2.2.19 any addition to or change in the Events of Default which applies to any Securities of
the Series and any change in the right of the Trustee or the requisite Holders of such Securities
to declare the principal amount thereof due and payable pursuant to Section 6.2;

          2.2.20 any addition to or change in the covenants set forth in Articles IV or V which applies
to Securities of the Series;

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          2.2.21 any other terms of the Securities of the Series (which terms shall not be inconsistent
with the provisions of this Indenture, except as permitted by Section 9.1, but which may modify or
delete any provision of this Indenture insofar as it applies to such Series); and

          2.2.22 any depositories, interest rate calculation agents, exchange rate calculation agents or
other agents with respect to Securities of such Series if other than those appointed herein.

          All Securities of any one Series need not be issued at the same time and may be issued from
time to time, consistent with the terms of this Indenture, if so provided by or pursuant to the
Board Resolution, supplemental indenture or Officers’ Certificate referred to above, and the
authorized principal amount of any Series may not be increased to provide for issuances of
additional Securities of such Series, unless otherwise provided in such Board Resolution,
supplemental indenture or Officers’ Certificate.

Section 2.3 Execution and Authentication.

          Two Officers shall sign the Securities for the Company by manual or facsimile signature.

          If an Officer whose signature is on a Security no longer holds that office at the time the
Security is authenticated, the Security shall nevertheless be valid.

          A Security shall not be valid until authenticated by the manual signature of the Trustee or an
authenticating agent. The signature shall be conclusive evidence that the Security has been
authenticated under this Indenture.

          The Trustee shall at any time, and from time to time, authenticate Securities for original
issue in the principal amount provided in the Board Resolution, supplemental indenture hereto or
Officers’ Certificate, upon receipt by the Trustee of a Company Order. Such Company Order may
authorize authentication and delivery pursuant to oral or electronic instructions from the Company
or its duly authorized agent or agents, which oral instructions shall be promptly confirmed in
writing. Each Security shall be dated the date of its authentication unless otherwise provided by a
Board Resolution, a supplemental indenture hereto or an Officers’ Certificate.

          The aggregate principal amount of Securities of any Series outstanding at any time may not
exceed any limit upon the maximum principal amount for such Series set forth in the Board
Resolution, supplemental indenture hereto or Officers’ Certificate delivered pursuant to Section
2.2, except as provided in Section 2.8.

          Prior to the issuance of Securities of any Series, the Trustee shall have received and
(subject to Section 7.2) shall be fully protected in relying on: (a) the Board Resolution,
supplemental indenture hereto or Officers’ Certificate establishing the form of the Securities of
that Series or of Securities within that Series and the terms of the Securities of that Series or
of Securities within that Series, (b) an Officers’ Certificate complying with Section 10.4, and (c)
an Opinion of Counsel complying with Section 10.4.

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          The Trustee shall have the right to decline to authenticate and deliver any Securities of such
Series: (a) if the Trustee, being advised by counsel, determines that such action may not lawfully
be taken; or (b) if the Trustee in good faith by its board of directors or trustees, executive
committee or a trust committee of directors and/or vice-presidents shall determine that such action
would expose the Trustee to personal liability to Holders of any then outstanding Series of
Securities.

          The Trustee may appoint an authenticating agent acceptable to the Company to authenticate
Securities. An authenticating agent may authenticate Securities whenever the Trustee may do so.
Each reference in this Indenture to authentication by the Trustee includes authentication by such
agent. An authenticating agent has the same rights as an Agent to deal with the Company or an
Affiliate.

Section 2.4 Registrar and Paying Agent.

          The Company shall maintain, with respect to each Series of Securities, at the place or places
specified with respect to such Series pursuant to Section 2.2, an office or agency where Securities
of such Series may be presented or surrendered for payment (“Paying Agent”), where Securities of
such Series may be surrendered for registration of transfer or exchange (“Registrar”) and where
notices and demands to or upon the Company in respect of the Securities of such Series and this
Indenture may be served (“Service Agent”). The Registrar shall keep a register with respect to each
Series of Securities and to their transfer and exchange. The Company will give prompt written
notice to the Trustee of the name and address, and any change in the name or address, of each
Registrar, Paying Agent or Service Agent. If at any time the Company shall fail to maintain any
such required Registrar, Paying Agent or Service Agent or shall fail to furnish the Trustee with
the name and address thereof, such presentations, surrenders, notices and demands may be made or
served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as
its agent to receive all such presentations, surrenders, notices and demands.

          The Company may also from time to time designate one or more co-registrars, additional paying
agents or additional service agents and may from time to time rescind such designations; provided,
however, that no such designation or rescission shall in any manner relieve the Company of its
obligations to maintain a Registrar, Paying Agent and Service Agent in each place so specified
pursuant to Section 2.2 for Securities of any Series for such purposes. The Company will give
prompt written notice to the Trustee of any such designation or rescission and of any change in the
name or address of any such co-registrar, additional paying agent or additional service agent. The
term “Registrar” includes any co-registrar; the term “Paying Agent” includes any additional paying
agent; and the term “Service Agent” includes any additional service agent.

          The Company hereby appoints the Trustee the initial Registrar, Paying Agent and Service Agent
for each Series unless another Registrar, Paying Agent or Service Agent, as the case may be, is
appointed prior to the time Securities of that Series are first issued.

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Section 2.5 Paying Agent to Hold Money in Trust.

          The Company shall require each Paying Agent other than the Trustee to agree in writing that
the Paying Agent will hold in trust, for the benefit of Securityholders of any Series of
Securities, or the Trustee, all money held by the Paying Agent for the payment of principal of or
interest on the Series of Securities, and will notify the Trustee of any default by the Company in
making any such payment. While any such default continues, the Trustee may require a Paying Agent
to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to
pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if
other than the Company or a Subsidiary) shall have no further liability for the money. If the
Company or a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund
for the benefit of Securityholders of any Series of Securities all money held by it as Paying
Agent.

Section 2.6 Securityholder Lists.

          The Trustee shall preserve in as current a form as is reasonably practicable the most recent
list available to it of the names and addresses of Securityholders of each Series of Securities and
shall otherwise comply with TIA Section 312(a). If the Trustee is not the Registrar, the Company
shall furnish to the Trustee at least ten days before each interest payment date and at such other
times as the Trustee may request in writing a list, in such form and as of such date as the Trustee
may reasonably require, of the names and addresses of Securityholders of each Series of Securities.

Section 2.7 Transfer and Exchange.

          Subject to Section 2.14.2, where Securities of a Series are presented to the Registrar or a
co-registrar with a request to register a transfer or to exchange them for an equal principal
amount of Securities of the same Series, the Registrar shall register the transfer or make the
exchange if its requirements for such transactions are met. To permit registrations of transfers
and exchanges, the Trustee shall authenticate Securities at the Registrar’s request. No service
charge shall be made for any registration of transfer or exchange (except as otherwise expressly
permitted herein), but the Company may require payment of a sum sufficient to cover any transfer
tax or similar governmental charge payable in connection therewith (other than any such transfer
tax or similar governmental charge payable upon exchanges pursuant to Sections 2.11, 3.6 or 9.6).

          Neither the Company nor the Registrar shall be required (a) to issue, register the transfer
of, or exchange Securities of any Series for the period beginning at the opening of business
fifteen days immediately preceding the mailing of a notice of redemption of Securities of that
Series selected for redemption and ending at the close of business on the day of such mailing, or
(b) to register the transfer of or exchange Securities of any Series selected, called or being
called for redemption as a whole or the portion being redeemed of any such Securities selected,
called or being called for redemption in part.

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Section 2.8 Mutilated, Destroyed, Lost and Stolen Securities.

          If any mutilated Security is surrendered to the Trustee, the Company shall execute and the
Trustee shall authenticate and deliver in exchange therefor a new Security of the same Series and
of like tenor and principal amount and bearing a number not contemporaneously outstanding.

          If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction
of the destruction, loss or theft of any Security and (ii) such security or indemnity as may be
required by them to save each of them and any agent of either of them harmless, then, in the
absence of notice to the Company or the Trustee that such Security has been acquired by a protected
purchaser, the Company shall execute and upon its request the Trustee shall authenticate and make
available for delivery, in lieu of any such destroyed, lost or stolen Security, a new Security of
the same Series and of like tenor and principal amount and bearing a number not contemporaneously
outstanding.

          In case any such mutilated, destroyed, lost or stolen Security has become or is about to
become due and payable, the Company in its discretion may, instead of issuing a new Security, pay
such Security.

          Upon the issuance of any new Security under this Section, the Company may require the payment
of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation
thereto and any other expenses (including the fees and expenses of the Trustee) connected
therewith.

          Every new Security of any Series issued pursuant to this Section in lieu of any destroyed,
lost or stolen Security shall constitute an original additional contractual obligation of the
Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by
anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately
with any and all other Securities of that Series duly issued hereunder.

          The provisions of this Section are exclusive and shall preclude (to the extent lawful) all
other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost
or stolen Securities.

Section 2.9 Outstanding Securities.

          The Securities outstanding at any time are all the Securities authenticated by the Trustee
except for those converted, canceled by it, those delivered to it for cancellation, those
reductions in the interest on a Global Security effected by the Trustee in accordance with the
provisions hereof and those described in this Section as not outstanding.

          If a Security is replaced pursuant to Section 2.8, it ceases to be outstanding until the
Trustee receives proof satisfactory to it that the replaced Security is held by a protected
purchaser.

          If the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof)
holds on the Maturity of Securities of a Series money sufficient to pay such Securities

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payable on that date, then on and after that date such Securities of the Series cease to be
outstanding and interest on them ceases to accrue.

          A Security does not cease to be outstanding because the Company or an Affiliate holds the
Security.

          In determining whether the Holders of the requisite principal amount of outstanding Securities
have given any request, demand, authorization, direction, notice, consent or waiver, hereunder, the
principal amount of a Discount Security that shall be deemed to be outstanding for such purposes
shall be the amount of the principal thereof that would be due and payable as of the date of such
determination upon a declaration of acceleration of the Maturity thereof pursuant to Section 6.2.

Section 2.10 Treasury Securities.

          In determining whether the Holders of the required principal amount of Securities of a Series
have concurred in any request, demand, authorization, direction, notice, consent or waiver
Securities of a Series owned by the Company or an Affiliate shall be disregarded, except that for
the purposes of determining whether the Trustee shall be protected in relying on any such request,
demand, authorization, direction, notice, consent or waiver only Securities of a Series that the
Trustee knows are so owned shall be so disregarded.

Section 2.11 Temporary Securities.

          Until definitive Securities are ready for delivery, the Company may prepare and the Trustee
shall authenticate temporary Securities upon a Company Order. Temporary Securities shall be
substantially in the form of definitive Securities but may have variations that the Company
considers appropriate for temporary Securities. Without unreasonable delay, the Company shall
prepare and the Trustee upon request shall authenticate definitive Securities of the same Series
and date of maturity in exchange for temporary Securities. Until so exchanged, temporary Securities
shall have the same rights under this Indenture as the definitive Securities.

Section 2.12 Cancellation.

          The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar
and the Paying Agent shall forward to the Trustee any Securities surrendered to them for
registration of transfer, exchange, conversion, or payment. The Trustee shall cancel all Securities
surrendered for transfer, exchange, conversion, payment, replacement or cancellation and shall
destroy such canceled Securities (subject to the record retention requirement of the Exchange Act)
and deliver a certificate of such destruction to the Company, unless the Company otherwise directs.
The Company may not issue new Securities to replace Securities that it has paid or delivered to the
Trustee for cancellation or that has been converted.

Section 2.13 Defaulted Interest.

          If the Company defaults in a payment of interest on a Series of Securities, it shall pay the
defaulted interest, plus, to the extent permitted by law, any interest payable on the defaulted
interest at the rate provided in the Securities, to the persons who are Securityholders of

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the Series on a subsequent special record date. The Company shall fix the record date and
payment date. At least 30 days before the record date, the Company shall mail to the Trustee and to
each Securityholder of the Series a notice that states the record date, the payment date and the
amount of interest to be paid. The Company may pay defaulted interest in any other lawful manner.

Section 2.14 Global Securities.

          2.14.1 Terms of Securities. A Board Resolution, a supplemental indenture hereto or an
Officers’ Certificate shall establish whether the Securities of a Series shall be issued in whole
or in part in the form of one or more Global Securities and the Depository for such Global Security
or Securities.

          2.14.2 Transfer and Exchange. Notwithstanding any provisions to the contrary contained
in Section 2.7 of the Indenture and in addition thereto, any Global Security shall be exchangeable
pursuant to Section 2.7 of the Indenture for Securities registered in the names of Holders other
than the Depository for such Security or its nominee only if (i) such Depository notifies the
Company that it is unwilling or unable to continue as Depository for such Global Security or if at
any time such Depository ceases to be a clearing agency registered under the Exchange Act, and, in
either case, the Company fails to appoint a successor Depository within 90 days of such event, (ii)
the Company executes and delivers to the Trustee an Officers’ Certificate to the effect that such
Global Security shall be so exchangeable or (iii) an Event of Default with respect to the
Securities represented by such Global Security shall have happened and be continuing. Any Global
Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for
Securities registered in such names as the Depository shall direct in writing in an aggregate
principal amount equal to the principal amount of the Global Security with like tenor and terms.

               Except as provided in this Section 2.14.2, a Global Security may not be transferred except as
a whole by the Depository with respect to such Global Security to a nominee of such Depository, by
a nominee of such Depository to such Depository or another nominee of such Depository or by the
Depository or any such nominee to a successor Depository or a nominee of such a successor
Depository.

          2.14.3 Legend. Unless otherwise provided pursuant to Section 2.2, any Global Security
issued hereunder shall bear a legend in substantially the following form:

               “This Security is a Global Security within the meaning of the Indenture hereinafter referred
to and is registered in the name of the Depository or a nominee of the Depository. This Security is
exchangeable for Securities registered in the name of a person other than the Depository or its
nominee only in the limited circumstances described in the Indenture, and may not be transferred
except as a whole by the Depository to a nominee of the Depository, by a nominee of the Depository
to the Depository or another nominee of the Depository or by the Depository or any such nominee to
a successor Depository or a nominee of such a successor Depository.”

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          2.14.4 Acts of Holders. The Depository, as a Holder, may appoint agents and otherwise
authorize participants to give or take any request, demand, authorization, direction, notice,
consent, waiver or other action which a Holder is entitled to give or take under the Indenture.

          2.14.5 Payments. Notwithstanding the other provisions of this Indenture, unless
otherwise specified as contemplated by Section 2.2, payment of the principal of, premium, if any,
and interest, if any, on any Global Security shall be made to the Holder thereof.

          2.14.6 Consents, Declaration and Directions. Except as provided in Section 2.14.5, the
Company, the Trustee and any Agent shall treat a person as the Holder of such principal amount of
outstanding Securities of such Series represented by a Global Security as shall be specified in a
written statement of the Depository with respect to such Global Security, for purposes of obtaining
any consents, declarations, waivers or directions required to be given by the Holders pursuant to
this Indenture.

Section 2.15 CUSIP Numbers.

          The Company in issuing the Securities may use “CUSIP” numbers (if then generally in use), and,
if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders;
provided that any such notice may state that no representation is made as to the correctness of
such numbers either as printed on the Securities or as contained in any notice of a redemption and
that reliance may be placed only on the other elements of identification printed on the Securities,
and any such redemption shall not be affected by any defect in or omission of such numbers.

ARTICLE III.

REDEMPTION

Section 3.1 Notice to Trustee.

          The Company may, with respect to any Series of Securities, reserve the right to redeem and pay
the Series of Securities or may covenant to redeem and pay the Series of Securities or any part
thereof prior to the Stated Maturity thereof at such time and on such terms as provided for in such
Securities. If a Series of Securities is redeemable and the Company wants or is obligated to redeem
prior to the Stated Maturity thereof all or part of the Series of Securities pursuant to the terms
of such Securities, it shall notify the Trustee of the redemption date and the principal amount of
Series of Securities to be redeemed. The Company shall give the notice at least 45 days before the
redemption date (or such shorter notice as may be acceptable to the Trustee).

Section 3.2 Selection of Securities to be Redeemed.

          Unless otherwise indicated for a particular Series by a Board Resolution, a supplemental
indenture or an Officers’ Certificate, if less than all the Securities of a Series are to be
redeemed, the Trustee shall select the Securities of the Series to be redeemed in any manner that
the Trustee deems fair and appropriate. The Trustee shall make the selection from Securities of the
Series outstanding not previously called for redemption. The Trustee may select for

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redemption portions of the principal of Securities of the Series that have denominations
larger than $1,000. Securities of the Series and portions of them it selects shall be in amounts of
$1,000 or whole multiples of $1,000 or, with respect to Securities of any Series issuable in other
denominations pursuant to Section 2.2.10, the minimum principal denomination for each Series and
integral multiples thereof. Provisions of this Indenture that apply to Securities of a Series
called for redemption also apply to portions of Securities of that Series called for redemption.

Section 3.3 Notice of Redemption.

          Unless otherwise indicated for a particular Series by a Board Resolution, a supplemental
indenture hereto or an Officers’ Certificate, at least 30 days but not more than 60 days before a
redemption date, the Company shall mail a notice of redemption by first-class mail to each Holder
whose Securities are to be redeemed and if any Bearer Securities are outstanding, publish on one
occasion a notice in an Authorized Newspaper.

          The notice shall identify the Securities of the Series to be redeemed and shall state:

          (a) the redemption date;

          (b) the redemption price;

          (c) the name and address of the Paying Agent;

          (d) that Securities of the Series called for redemption must be surrendered to the Paying
Agent to collect the redemption price;

          (e) that interest on Securities of the Series called for redemption ceases to accrue on and
after the redemption date; and

          (f) any other information as may be required by the terms of the particular Series or the
Securities of a Series being redeemed. At the Company’s request, the Trustee shall give the notice
of redemption in the Company’s name and at its expense.

Section 3.4 Effect of Notice of Redemption.

          Once notice of redemption is mailed or published as provided in Section 3.3, Securities of a
Series called for redemption become due and payable on the redemption date and at the redemption
price. A notice of redemption may not be conditional. Upon surrender to the Paying Agent, such
Securities shall be paid at the redemption price plus accrued interest to the redemption date.

Section 3.5 Deposit of Redemption Price.

          On or before the redemption date, the Company shall deposit with the Paying Agent money
sufficient to pay the redemption price of and accrued interest, if any, on all Securities to be
redeemed on that date.

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Section 3.6 Securities Redeemed in Part.

          Upon surrender of a Security that is redeemed in part, the Trustee shall authenticate for the
Holder a new Security of the same Series and the same Maturity equal in principal amount to the
unredeemed portion of the Security surrendered.

ARTICLE IV.

COVENANTS

Section 4.1 Payment of Principal and Interest.

          The Company covenants and agrees for the benefit of the Holders of each Series of Securities
that it will duly and punctually pay the principal of and interest, if any, on the Securities of
that Series in accordance with the terms of such Securities and this Indenture.

Section 4.2 SEC Reports.

          The Company shall deliver to the Trustee within 15 days after it files them with the SEC
copies of the annual reports and of the information, documents, and other reports (or copies of
such portions of any of the foregoing as the SEC may by rules and regulations prescribe) which the
Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act. The
Company also shall comply with the other provisions of TIA Section 314(a).

Section 4.3 Compliance Certificate.

          The Company shall deliver to the Trustee, within 90 days after the end of each fiscal year of
the Company, or, if earlier, the date the Company is, or would be, required to file with the SEC
the Company’s annual report (whether on Form 10-K under the Exchange Act or another appropriate
form) for such fiscal year, an Officers’ Certificate stating that a review of the activities of the
Company and its Subsidiaries during the preceding fiscal year has been made under the supervision
of the signing Officers with a view to determining whether the Company has kept, observed,
performed and fulfilled its obligations under this Indenture, and further stating, as to each such
Officer signing such certificate, that to the best of his knowledge the Company has kept, observed,
performed and fulfilled each and every covenant contained in this Indenture and is not in default
in the performance or observance of any of the terms, provisions and conditions hereof (or, if a
Default or Event of Default shall have occurred, describing all such Defaults or Events of Default
of which he may have knowledge).

          The Company will, so long as any of the Securities are outstanding, deliver to the Trustee,
forthwith upon becoming aware of any Default or Event of Default, an Officers’ Certificate
specifying such Default or Event of Default and what action the Company is taking or proposes to
take with respect thereto.

Section 4.4 Stay, Extension and Usury Laws.

          The Company covenants (to the extent that it may lawfully do so) that it will not at any time
insist upon, plead, or in any manner whatsoever claim or take the benefit or

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advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter
in force, which may affect the covenants or the performance of this Indenture or the Securities;
and the Company (to the extent it may lawfully do so) hereby expressly waives all benefit or
advantage of any such law and covenants that it will not, by resort to any such law, hinder, delay
or impede the execution of any power herein granted to the Trustee, but will suffer and permit the
execution of every such power as though no such law has been enacted.

Section 4.5 Corporate Existence.

          Subject to Article V, the Company will do or cause to be done all things necessary to preserve
and keep in full force and effect its corporate existence and the corporate, partnership or other
existence of each Significant Subsidiary in accordance with the respective organizational documents
of each Significant Subsidiary and the rights (charter and statutory), licenses and franchises of
the Company and its Significant Subsidiaries; provided, however, that the Company shall not be
required to preserve any such right, license or franchise, or the corporate, partnership or other
existence of any Significant Subsidiary, if the Board of Directors shall determine that the
preservation thereof is no longer desirable in the conduct of the business of the Company and its
Subsidiaries taken as a whole and that the loss thereof is not adverse in any material respect to
the Holders.

Section 4.6 Taxes.

          The Company shall, and shall cause each of its Significant Subsidiaries to, pay prior to
delinquency all taxes, assessments and governmental levies, except as contested in good faith and
by appropriate proceedings.

ARTICLE V.

SUCCESSORS

Section 5.1 When Company May Merge, Etc.

          The Company shall not consolidate with or merge into, or convey, transfer or lease all or
substantially all of its properties and assets to, any person (a “successor person”), and may not
permit any person to merge into, or convey, transfer or lease its properties and assets
substantially as an entirety to, the Company, whether in a single transaction or a series of
related transactions, unless:

          (a) the successor person (if any) is a corporation organized and validly existing under the
laws of any U.S. domestic jurisdiction and expressly assumes by supplemental indenture the
Company’s obligations on the Securities and under this Indenture; and

          (b) immediately after giving effect to the transaction, no Default or Event of Default, shall
have occurred and be continuing.

          The Company shall deliver to the Trustee prior to the consummation of the proposed transaction
an Officers’ Certificate to the foregoing effect and an Opinion of Counsel

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stating that the proposed transaction and such supplemental indenture comply with this
Indenture.

Section 5.2 Successor Corporation Substituted.

          Upon any consolidation or merger, or any sale, lease, conveyance or other disposition of all
or substantially all of the assets of the Company in accordance with Section 5.1, the successor
corporation formed by such consolidation or into or with which the Company is merged or to which
such sale, lease, conveyance or other disposition is made shall succeed to, and be substituted for,
and may exercise every right and power of, the Company under this Indenture with the same effect as
if such successor person has been named as the Company herein; provided, however, that the
predecessor Company in the case of a sale, lease, conveyance or other disposition shall not be
released from the obligation to pay the principal of and interest, if any, on the Securities.

ARTICLE VI.

DEFAULTS AND REMEDIES

Section 6.1 Events of Default.

          “Event of Default,” wherever used herein with respect to Securities of any Series, means any
one of the following events, unless in the establishing Board Resolution, supplemental indenture or
Officers’ Certificate, it is provided that such Series shall not have the benefit of said Event of
Default:

          (a) default in the payment of any interest on any Security of that Series when it becomes due
and payable, and continuance of such default for a period of 30 days (unless the entire amount of
such payment is deposited by the Company with the Trustee or with a Paying Agent prior to the
expiration of such period of 30 days); or

          (b) default in the payment of the principal of any Security of that Series at its Maturity; or

          (c) default in the deposit of any sinking fund payment, within 30 days when and as due in
respect of any Security of that Series; or

          (d) default in the performance or breach of any covenant or warranty of the Company in this
Indenture (other than a covenant or warranty that has been included in this Indenture solely for
the benefit of Series of Securities other than that Series), which default continues uncured for a
period of 60 days after there has been given, by registered or certified mail, to the Company by
the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of
the outstanding Securities of that Series a written notice specifying such default or breach and
requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or

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          (e) the Company or any of its Significant Subsidiaries pursuant to or within the meaning of
any Bankruptcy Law:

               (i) commences a voluntary case,

               (ii) consents to the entry of an order for relief against it in an involuntary case,

               (iii) consents to the appointment of a Custodian of it or for all or substantially all of its
property,

               (iv) makes a general assignment for the benefit of its creditors, or

               (v) generally is unable to pay its debts as the same become due; or

          (f) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that:

               (i) is for relief against the Company or any of its Significant Subsidiaries in an involuntary
case,

               (ii) appoints a Custodian of the Company or any of its Significant Subsidiaries or for all or
substantially all of its property, or

               (iii) orders the winding up or liquidation of the Company or any of its Significant
Subsidiaries, and the order or decree remains unstayed and in effect for 60 days; or

          (g) any other Event of Default provided with respect to Securities of that Series, which is
specified in a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate, in
accordance with Section 2.2.19.

          The term “Bankruptcy Law” means title 11, U.S. Code or any similar Federal or State law for
the relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator or
similar official under any Bankruptcy Law.

Section 6.2 Acceleration of Maturity; Rescission and Annulment.

          If an Event of Default with respect to Securities of any Series at the time outstanding occurs
and is continuing (excluding an Event of Default referred to in Section 6.1(e) or (f) with respect
to the Company (but including an Event of Default referred to in Section 6.1 (e) or (f) solely with
respect to a Significant Subsidiary of the Company) then in every such case the Trustee or the
Holders of not less than 25% in principal amount of the outstanding Securities of that Series may
declare the principal amount (or, if any Securities of that Series are Discount Securities, such
portion of the principal amount as may be specified in the terms of such Securities) of and accrued
and unpaid interest, if any, on all of the Securities of that Series to be due and payable
immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and
upon any such declaration such principal amount (or specified amount) and accrued and unpaid
interest, if any, shall become immediately due and payable. If an Event of

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Default specified in Section 6.1(e) or (f) with respect to the Company (excluding, for
purposes of this sentence, an Event of Default specified in Section 6.1 (e) or (f) solely with
respect to a Significant Subsidiary of the Company) shall occur, the principal amount (or specified
amount) of and accrued and unpaid interest, if any, on all outstanding Securities shall ipso facto
become and be immediately due and payable without any declaration or other act on the part of the
Trustee or any Holder.

          At any time after such a declaration of acceleration with respect to any Series has been made
and before a judgment or decree for payment of the money due has been obtained by the Trustee as
hereinafter in this Article provided, the Holders of a majority in principal amount of the
outstanding Securities of that Series, by written notice to the Company and the Trustee, may
rescind and annul such declaration and its consequences if:

          (a) the Company has paid or deposited with the Trustee a sum sufficient to pay

               (i) all overdue interest, if any, on all Securities of that Series,

               (ii) the principal of any Securities of that Series which have become due otherwise than by
such declaration of acceleration and interest thereon at the rate or rates prescribed therefor in
such Securities,

               (iii) to the extent that payment of such interest is lawful, interest upon any overdue
principal and overdue interest at the rate or rates prescribed therefor in such Securities, and

               (iv) all sums paid or advanced by the Trustee hereunder and the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel; and

          (b) all Events of Default with respect to Securities of that Series, other than the
non-payment of the principal of Securities of that Series which have become due solely by such
declaration of acceleration, have been cured or waived as provided in Section 6.13.

          No such rescission shall affect any subsequent Default or impair any right consequent thereon.

Section 6.3 Collection of Indebtedness and Suits for Enforcement by Trustee.

          The Company covenants that if

          (a) default is made in the payment of any interest on any Security when such interest becomes
due and payable and such default continues for a period of 30 days, or

          (b) default is made in the payment of principal of any Security at the Maturity thereof, or

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          (c) default is made in the deposit of any sinking fund payment when and as due by the terms of
a Security, then, the Company will, upon demand of the Trustee, pay to it, for the benefit of the
Holders of such Securities, the whole amount then due and payable on such Securities for principal
and interest and, to the extent that payment of such interest shall be legally enforceable,
interest on any overdue principal or any overdue interest, at the rate or rates prescribed therefor
in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover
the costs and expenses of collection, including the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel.

          If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own
name and as trustee of an express trust, may institute a judicial proceeding for the collection of
the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may
enforce the same against the Company or any other obligor upon such Securities and collect the
moneys adjudged or deemed to be payable in the manner provided by law out of the property of the
Company or any other obligor upon such Securities, wherever situated.

          If an Event of Default with respect to any Securities of any Series occurs and is continuing,
the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the
Holders of Securities of such Series by such appropriate judicial proceedings as the Trustee shall
deem most effectual to protect and enforce any such rights, whether for the specific enforcement of
any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein,
or to enforce any other proper remedy.

Section 6.4 Trustee May File Proofs of Claim.

          In case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the
Company or any other obligor upon the Securities or the property of the Company or of such other
obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities
shall then be due and payable as therein expressed or by declaration or otherwise and irrespective
of whether the Trustee shall have made any demand on the Company for the payment of overdue
principal or interest) shall be entitled and empowered, by intervention in such proceeding or
otherwise,

          (a) to file and prove a claim for the whole amount of principal and interest owing and unpaid
in respect of the Securities and to file such other papers or documents as may be necessary or
advisable in order to have the claims of the Trustee (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and of
the Holders allowed in such judicial proceeding, and

          (b) to collect and receive any moneys or other property payable or deliverable on any such
claims and to distribute the same, and any custodian, receiver, assignee, trustee, liquidator,
sequestrator or other similar official in any such judicial proceeding is hereby authorized by each
Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the
making of such payments directly to the Holders, to pay to the Trustee any amount due it for the
reasonable compensation, expenses, disbursements and

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advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under
Section 7.7.

          Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to
or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or
composition affecting the Securities or the rights of any Holder thereof or to authorize the
Trustee to vote in respect of the claim of any Holder in any such proceeding.

Section 6.5 Trustee May Enforce Claims Without Possession of Securities.

          All rights of action and claims under this Indenture or the Securities may be prosecuted and
enforced by the Trustee without the possession of any of the Securities or the production thereof
in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be
brought in its own name as trustee of an express trust, and any recovery of judgment shall, after
provision for the payment of the reasonable compensation, expenses, disbursements and advances of
the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in
respect of which such judgment has been recovered.

Section 6.6 Application of Money Collected.

          Any money collected by the Trustee pursuant to this Article shall be applied in the following
order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on
account of principal or interest, upon presentation of the Securities and the notation thereon of
the payment if only partially paid and upon surrender thereof if fully paid:

          First: To the payment of all amounts due the Trustee under Section 7.7;

          Second: To the payment of the holders of Senior Indebtedness to the extent required by Article
XII;

          Third: To the payment of the amounts then due and unpaid for principal of and interest on the
Securities in respect of which or for the benefit of which such money has been collected, ratably,
without preference or priority of any kind, according to the amounts due and payable on such
Securities for principal and interest, respectively; and

          Fourth: To the Company.

Section 6.7 Limitation on Suits.

          No Holder of any Security of any Series shall have any right to institute any proceeding,
judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or
trustee, or for any other remedy hereunder, unless

          (a) such Holder has previously given written notice to the Trustee of a continuing Event of
Default with respect to the Securities of that Series;

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          (b) the Holders of not less than 25% in principal amount of the outstanding Securities of that
Series shall have made written request to the Trustee to institute proceedings in respect of such
Event of Default in its own name as Trustee hereunder;

          (c) such Holder or Holders have offered to the Trustee reasonable indemnity against the costs,
expenses and liabilities to be incurred in compliance with such request;

          (d) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity
has failed to institute any such proceeding; and

          (e) no direction inconsistent with such written request has been given to the Trustee during
such 60 day period by the Holders of a majority in principal amount of the outstanding Securities
of that Series;

it being understood and intended that no one or more of such Holders shall have any right in any
manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb
or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or
preference over any other of such Holders or to enforce any right under this Indenture, except in
the manner herein provided and for the equal and ratable benefit of all such Holders.

Section 6.8 Unconditional Right of Holders to Receive Principal and Interest.

          Notwithstanding any other provision in this Indenture, the Holder of any Security shall have
the right, which is absolute and unconditional, to receive payment of the principal of and
interest, if any, on such Security on the Stated Maturity or Stated Maturities expressed in such
Security (or, in the case of redemption, on the redemption date) and to institute suit for the
enforcement of any such payment, and such rights shall not be impaired without the consent of such
Holder.

Section 6.9 Restoration of Rights and Remedies.

          If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy
under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has
been determined adversely to the Trustee or to such Holder, then and in every such case, subject to
any determination in such proceeding, the Company, the Trustee and the Holders shall be restored
severally and respectively to their former positions hereunder and thereafter all rights and
remedies of the Trustee and the Holders shall continue as though no such proceeding had been
instituted.

Section 6.10 Rights and Remedies Cumulative.

          Except as otherwise provided with respect to the replacement or payment of mutilated,
destroyed, lost or stolen Securities in Section 2.8, no right or remedy herein conferred upon or
reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy,
and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to
every other right and remedy given hereunder or now or hereafter existing at law or in equity or
otherwise. The assertion or employment of any right or remedy hereunder, or

25

 

otherwise, shall not prevent the concurrent assertion or employment of any other appropriate
right or remedy.

Section 6.11 Delay or Omission Not Waiver.

          No delay or omission of the Trustee or of any Holder of any Securities to exercise any right
or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a
waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by
this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as
often as may be deemed expedient, by the Trustee or by the Holders, as the case may be.

Section 6.12 Control by Holders.

          The Holders of a majority in principal amount of the outstanding Securities of any Series
shall have the right to direct the time, method and place of conducting any proceeding for any
remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with
respect to the Securities of such Series, provided that

          (a) such direction shall not be in conflict with any rule of law or with this Indenture,

          (b) the Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction, and

          (c) subject to the provisions of Section 6.1, the Trustee shall have the right to decline to
follow any such direction if the Trustee in good faith shall, by a Responsible Officer of the
Trustee, determine that the proceeding so directed would involve the Trustee in personal liability.

Section 6.13 Waiver of Past Defaults.

          Subject to Section 6.2, the Holders of not less than a majority in principal amount of the
outstanding Securities of any Series may on behalf of the Holders of all the Securities of such
Series waive any past Default hereunder with respect to such Series and its consequences, except a
Default in the payment of the principal of or interest on any Security of such Series (provided,
however, that the Holders of a majority in principal amount of the outstanding Securities of any
Series may rescind an acceleration and its consequences, including any related payment default that
resulted from such acceleration). Upon any such waiver, such Default shall cease to exist, and any
Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this
Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right
consequent thereon.

Section 6.14 Undertaking for Costs.

          All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof
shall be deemed to have agreed, that any court may in its discretion require, in any suit for the
enforcement of any right or remedy under this Indenture, or in any suit against

26

 

the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any
party litigant in such suit of an undertaking to pay the costs of such suit, and that such court
may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any
party litigant in such suit, having due regard to the merits and good faith of the claims or
defenses made by such party litigant; but the provisions of this Section shall not apply to any
suit instituted by the Company, to any suit instituted by the Trustee, to any suit instituted by
any Holder, or group of Holders, holding in the aggregate more than 10% in principal amount of the
outstanding Securities of any Series, or to any suit instituted by any Holder for the enforcement
of the payment of the principal of or interest on any Security on or after the Stated Maturity or
Stated Maturities expressed in such Security (or, in the case of redemption, on the redemption
date).

ARTICLE VII.

TRUSTEE

Section 7.1 Duties of Trustee.

          (a) If an Event of Default has occurred and is continuing, the Trustee shall exercise the
rights and powers vested in it by this Indenture and use the same degree of care and skill in their
exercise as a prudent man would exercise or use under the circumstances in the conduct of his own
affairs.

          (b) Except during the continuance of an Event of Default:

               (i) The Trustee need perform only those duties that are specifically set forth in this
Indenture and no others.

               (ii) In the absence of bad faith on its part, the Trustee may conclusively rely, as to the
truth of the statements and the correctness of the opinions expressed therein, upon Officers’
Certificates or Opinions of Counsel furnished to the Trustee and conforming to the requirements of
this Indenture; however, in the case of any such Officers’ Certificates or Opinions of Counsel
which by any provisions hereof are specifically required to be furnished to the Trustee, the
Trustee shall examine such Officers’ Certificates and Opinions of Counsel to determine whether or
not they conform to the requirements of this Indenture.

          (c) The Trustee may not be relieved from liability for its own negligent action, its own
negligent failure to act or its own willful misconduct, except that:

               (i) This paragraph does not limit the effect of paragraph (b) of this Section.

               (ii) The Trustee shall not be liable for any error of judgment made in good faith by a
Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the
pertinent facts.

               (iii) The Trustee shall not be liable with respect to any action taken, suffered or omitted to
be taken by it with respect to Securities of any Series in good faith in accordance with the
direction of the Holders of a majority in principal amount of the outstanding Securities of such
Series relating to the time, method and place of conducting any proceeding for

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any remedy available to the Trustee, or exercising any trust or power conferred upon the
Trustee, under this Indenture with respect to the Securities of such Series.

          (d) Every provision of this Indenture that in any way relates to the Trustee is subject to
paragraph (a), (b) and (c) of this Section.

          (e) The Trustee may refuse to perform any duty or exercise any right or power unless it
receives indemnity satisfactory to it against any loss, liability or expense.

          (f) The Trustee shall not be liable for interest on any money received by it except as the
Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be
segregated from other funds except to the extent required by law.

          (g) No provision of this Indenture shall require the Trustee to risk its own funds or
otherwise incur any financial liability in the performance of any of its duties, or in the exercise
of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of
such funds or adequate indemnity against such risk is not reasonably assured to it.

          (h) The Paying Agent, the Registrar and any authenticating agent shall be entitled to the
protections and immunities as are set forth in paragraphs (a), (b) and (c) of this Section with
respect to the Trustee.

Section 7.2 Rights of Trustee.

          (a) The Trustee may rely on and shall be protected in acting or refraining from acting upon
any document believed by it to be genuine and to have been signed or presented by the proper
person. The Trustee need not investigate any fact or matter stated in the document.

          (b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate
or an Opinion of Counsel. The Trustee shall not be liable for any action it takes or omits to take
in good faith in reliance on such Officers’ Certificate or Opinion of Counsel.

          (c) The Trustee may act through agents and shall not be responsible for the misconduct or
negligence of any agent appointed with due care. No Depository shall be deemed an agent of the
Trustee and the Trustee shall not be responsible for any act or omission by any Depository.

          (d) The Trustee shall not be liable for any action it takes or omits to take in good faith
which it believes to be authorized or within its rights or powers conferred upon it under this
Indenture.

          (e) The Trustee may consult with counsel and the advice of such counsel or any Opinion of
Counsel shall be full and complete authorization and protection in respect of any action taken,
suffered or omitted by it hereunder in good faith and in reliance thereon.

          (f) The Trustee shall be under no obligation to exercise any of the rights or powers vested in
it by this Indenture at the request or direction of any of the Holders of

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Securities unless such Holders shall have offered to the Trustee reasonable security or
indemnity against the costs, expenses and liabilities which might be incurred by it in compliance
with such request or direction.

Section 7.3 Individual Rights of Trustee.

          The Trustee in its individual or any other capacity may become the owner or pledgee of
Securities and may otherwise deal with the Company or an Affiliate with the same rights it would
have if it were not Trustee. Any Agent may do the same with like rights. The Trustee is also
subject to Sections 7.10 and 7.11.

Section 7.4 Trustee’s Disclaimer.

          The Trustee makes no representation as to the validity or adequacy of this Indenture or the
Securities, it shall not be accountable for the Company’s use of the proceeds from the Securities,
and it shall not be responsible for any statement in the Securities other than its authentication.

Section 7.5 Notice of Defaults.

          If a Default or Event of Default occurs and is continuing with respect to the Securities of
any Series and if it is known to a Responsible Officer of the Trustee, the Trustee shall mail to
each Securityholder of the Securities of that Series and, if any Bearer Securities are outstanding,
publish on one occasion in an Authorized Newspaper, notice of a Default or Event of Default within
90 days after it occurs or, if later, after a Responsible Officer of the Trustee has knowledge of
such Default or Event of Default. Except in the case of a Default or Event of Default in payment of
principal of or interest on any Security of any Series, the Trustee may withhold the notice if and
so long as its corporate trust committee or a committee of its Responsible Officers in good faith
determines that withholding the notice is in the interests of Securityholders of that Series.

Section 7.6 Reports by Trustee to Holders.

          Within 60 days after May 15 in each year, the Trustee shall transmit by mail to all
Securityholders, as their names and addresses appear on the register kept by the Registrar and, if
any Bearer Securities are outstanding, publish in an Authorized Newspaper, a brief report dated as
of such May 15, in accordance with, and to the extent required under, TIA Section 313.

          A copy of each report at the time of its mailing to Securityholders of any Series shall be
filed with the SEC and each stock exchange on which the Securities of that Series are listed. The
Company shall promptly notify the Trustee when Securities of any Series are listed on any stock
exchange.

Section 7.7 Compensation and Indemnity.

          The Company shall pay to the Trustee from time to time reasonable compensation for its
services. The Trustee’s compensation shall not be limited by any law on compensation of a trustee
of an express trust. The Company shall reimburse the Trustee upon request for all

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reasonable out-of-pocket expenses incurred by it. Such expenses shall include the reasonable
compensation and expenses of the Trustee’s agents and counsel.

          The Company shall indemnify the Trustee (including the cost of defending itself) against any
loss, liability or expense incurred by it except as set forth in the next paragraph in the
performance of its duties under this Indenture as Trustee or Agent. The Trustee shall notify the
Company promptly of any claim for which it may seek indemnity. The Company shall defend the claim
and the Trustee shall cooperate in the defense. The Trustee may have separate counsel and the
Company shall pay the reasonable fees and expenses of such counsel. The Company need not pay for
any settlement made without its consent, which consent shall not be unreasonably withheld. This
indemnification shall apply to officers, directors, employees, shareholders and agents of the
Trustee.

          The Company need not reimburse any expense or indemnify against any loss or liability incurred
by the Trustee or by any officer, director, employee, shareholder or agent of the Trustee through
negligence or bad faith.

          To secure the Company’s payment obligations in this Section, the Trustee shall have a lien
prior to the Securities of any Series on all money or property held or collected by the Trustee,
except that held in trust to pay principal and interest on particular Securities of that Series.

          When the Trustee incurs expenses or renders services after an Event of Default specified in
Section 6.1(e) or (f) occurs, the expenses and the compensation for the services are intended to
constitute expenses of administration under any Bankruptcy Law.

Section 7.8 Replacement of Trustee.

          A resignation or removal of the Trustee and appointment of a successor Trustee shall become
effective only upon the successor Trustee’s acceptance of appointment as provided in this Section.

          The Trustee may resign with respect to the Securities of one or more Series by so notifying
the Company. The Holders of a majority in principal amount of the Securities of any Series may
remove the Trustee with respect to that Series by so notifying the Trustee and the Company. The
Company may remove the Trustee with respect to Securities of one or more Series if:

          (a) the Trustee fails to comply with Section 7.10;

          (b) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with
respect to the Trustee under any Bankruptcy Law;

          (c) a Custodian or public officer takes charge of the Trustee or its property; or

          (d) the Trustee becomes incapable of acting.

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          If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any
reason, the Company shall promptly appoint a successor Trustee. Within one year after the successor
Trustee takes office, the Holders of a majority in principal amount of the then outstanding
Securities may appoint a successor Trustee to replace the successor Trustee appointed by the
Company.

          If a successor Trustee with respect to the Securities of any one or more Series does not take
office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the
Company or the Holders of at least 10% in principal amount of the Securities of the applicable
Series may petition any court of competent jurisdiction for the appointment of a successor Trustee.

          If the Trustee with respect to the Securities of any one or more Series fails to comply with
Section 7.10, any Securityholder of the applicable Series may petition any court of competent
jurisdiction for the removal of the Trustee and the appointment of a successor Trustee.

          A successor Trustee shall deliver a written acceptance of its appointment to the retiring
Trustee and to the Company. Immediately after that, the retiring Trustee shall transfer all
property held by it as Trustee to the successor Trustee subject to the lien provided for in Section
7.7, the resignation or removal of the retiring Trustee shall become effective, and the successor
Trustee shall have all the rights, powers and duties of the Trustee with respect to each Series of
Securities for which it is acting as Trustee under this Indenture. A successor Trustee shall mail a
notice of its succession to each Securityholder of each such Series and, if any Bearer Securities
are outstanding, publish such notice on one occasion in an Authorized Newspaper. Notwithstanding
replacement of the Trustee pursuant to this Section 7.8, the Company’s obligations under Section
7.7 hereof shall continue for the benefit of the retiring trustee with respect to expenses and
liabilities incurred by it prior to such replacement.

Section 7.9 Successor Trustee by Merger, Etc.

          If the Trustee consolidates with, merges or converts into, or transfers all or substantially
all of its corporate trust business to, another corporation, the successor corporation without any
further act shall be the successor Trustee.

Section 7.10 Eligibility; Disqualification.

          This Indenture shall always have a Trustee who satisfies the requirements of TIA Section
310(a)(1), (2) and (5). The Trustee shall always have a combined capital and surplus of at least
$25,000,000 as set forth in its most recent published annual report of condition. The Trustee shall
comply with TIA Section 310(b).

Section 7.11 Preferential Collection of Claims Against Company.

          The Trustee is subject to TIA Section 311(a), excluding any creditor relationship listed in
TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section
311(a) to the extent indicated.

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ARTICLE VIII.

SATISFACTION AND DISCHARGE; DEFEASANCE

Section 8.1 Satisfaction and Discharge of Indenture.

          This Indenture shall upon Company Order cease to be of further effect (except as hereinafter
provided in this Section 8.1), and the Trustee, at the expense of the Company, shall execute proper
instruments acknowledging satisfaction and discharge of this Indenture, when

          (a) either

               (i) all Securities theretofore authenticated and delivered (other than Securities that have
been destroyed, lost or stolen and that have been replaced or paid) have been delivered to the
Trustee for cancellation; or

               (ii) all such Securities not theretofore delivered to the Trustee for cancellation

                    (1) have become due and payable, or

                    (2) will become due and payable at their Stated Maturity within one year, or

                    (3) are to be called for redemption within one year under arrangements satisfactory to the
Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of
the Company, or

                    (4) are deemed paid and discharged pursuant to Section 8.3, as applicable;

and the Company, in the case of (1), (2) or (3) above, has deposited or caused to be deposited with
the Trustee as trust funds in trust an amount sufficient for the purpose of paying and discharging
the entire indebtedness on such Securities not theretofore delivered to the Trustee for
cancellation, for principal and interest to the date of such deposit (in the case of Securities
which have become due and payable on or prior to the date of such deposit) or to the Stated
Maturity or redemption date, as the case may be;

          (b) the Company has paid or caused to be paid all other sums payable hereunder by the Company;
and

          (c) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent herein provided for relating to the
satisfaction and discharge of this Indenture have been complied with.

          Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the
Company to the Trustee under Section 7.7, and, if money shall have been deposited with the Trustee
pursuant to clause (a) of this Section, the provisions of Sections 2.4, 2.7, 2.8, 8.1, 8.2 and 8.5
shall survive.

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Section 8.2 Application of Trust Funds; Indemnification.

          (a) Subject to the provisions of Section 8.5, all money deposited with the Trustee pursuant to
Section 8.1, all money and U.S. Government Obligations or Foreign Government Obligations deposited
with the Trustee pursuant to Section 8.3 or 8.4 and all money received by the Trustee in respect of
U.S. Government Obligations or Foreign Government Obligations deposited with the Trustee pursuant
to Section 8.3 or 8.4, shall be held in trust and applied by it, in accordance with the provisions
of the Securities and this Indenture, to the payment, either directly or through any Paying Agent
(including the Company acting as its own Paying Agent) as the Trustee may determine, to the persons
entitled thereto, of the principal and interest for whose payment such money has been deposited
with or received by the Trustee or to make mandatory sinking fund payments or analogous payments as
contemplated by Sections 8.3 or 8.4.

          (b) The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge
imposed on or assessed against U.S. Government Obligations or Foreign Government Obligations
deposited pursuant to Sections 8.3 or 8.4 or the interest and principal received in respect of such
obligations other than any payable by or on behalf of Holders.

          (c) The Trustee shall deliver or pay to the Company from time to time upon Company Request any
U.S. Government Obligations or Foreign Government Obligations or money held by it as provided in
Sections 8.3 or 8.4 which, in the opinion of a nationally recognized firm of independent certified
public accountants expressed in a written certification thereof delivered to the Trustee, are then
in excess of the amount thereof which then would have been required to be deposited for the purpose
for which such U.S. Government Obligations or Foreign Government Obligations or money were
deposited or received. This provision shall not authorize the sale by the Trustee of any U.S.
Government Obligations or Foreign Government Obligations held under this Indenture.

Section 8.3 Legal Defeasance of Securities of any Series.

          Unless this Section 8.3 is otherwise specified pursuant to Section 2.2.21 to be inapplicable
to Securities of any Series, the Company shall be deemed to have paid and discharged the entire
indebtedness on all the outstanding Securities of such Series on the 91st day after the date of the
deposit referred to in subparagraph (d) hereof, and the provisions of this Indenture, as it relates
to such outstanding Securities of such Series, shall no longer be in effect (and the Trustee, at
the expense of the Company, shall, at Company Request, execute proper instruments acknowledging the
same), except as to:

          (a) the rights of Holders of Securities of such Series to receive, from the trust funds
described in subparagraph (d) hereof, (i) payment of the principal of and each installment of
principal of and interest on the outstanding Securities of such Series on the Stated Maturity of
such principal or installment of principal or interest and (ii) the benefit of any mandatory
sinking fund payments applicable to the Securities of such Series on the day on which such payments
are due and payable in accordance with the terms of this Indenture and the Securities of such
Series;

          (b) the provisions of Sections 2.4, 2.7, 2.8, 8.2, 8.3 and 8.5; and

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          (c) the rights, powers, trust and immunities of the Trustee hereunder;

provided that, the following conditions shall have been satisfied:

          (d) the Company shall have deposited or caused to be deposited irrevocably with the Trustee as
trust funds in trust for the purpose of making the following payments, specifically pledged as
security for and dedicated solely to the benefit of the Holders of such Securities (i) in the case
of Securities of such Series denominated in Dollars, cash in Dollars (or such other money or
currencies as shall then be legal tender in the United States) and/or U.S. Government Obligations,
or (ii) in the case of Securities of such Series denominated in a Foreign Currency (other than a
composite currency), money and/or Foreign Government Obligations, which through the payment of
interest and principal in respect thereof, in accordance with their terms, will provide (and
without reinvestment and assuming no tax liability will be imposed on such Trustee), not later than
one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion
of a nationally recognized firm of independent public accountants expressed in a written
certification thereof delivered to the Trustee, to pay and discharge each installment of principal
(including mandatory sinking fund or analogous payments) of and interest, if any, on all the
Securities of such Series on the dates such installments of interest or principal are due;

          (e) such deposit will not result in a breach or violation of, or constitute a default under,
this Indenture or any other agreement or instrument to which the Company is a party or by which it
is bound;

          (f) no Default or Event of Default with respect to the Securities of such Series shall have
occurred and be continuing on the date of such deposit or during the period ending on the 91st day
after such date;

          (g) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel to the effect that (i) the Company has received from, or there has been published by, the
Internal Revenue Service a ruling, or (ii) since the date of execution of this Indenture, there has
been a change in the applicable Federal income tax law, in either case to the effect that, and
based thereon such Opinion of Counsel shall confirm that, the Holders of the Securities of such
Series will not recognize income, gain or loss for Federal income tax purposes as a result of such
deposit, defeasance and discharge and will be subject to Federal income tax on the same amount and
in the same manner and at the same times as would have been the case if such deposit, defeasance
and discharge had not occurred;

          (h) the Company shall have delivered to the Trustee an Officers’ Certificate stating that the
deposit was not made by the Company with the intent of preferring the Holders of the Securities of
such Series over any other creditors of the company or with the intent of defeating, hindering,
delaying or defrauding any other creditors of the Company;

          (i) such deposit shall not result in the trust arising from such deposit constituting an
investment company (as defined in the Investment Company Act of 1940, as amended), or such trust
shall be qualified under such Act or exempt from regulation thereunder; and

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          (j) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent provided for relating to the defeasance
contemplated by this Section have been complied with.

Section 8.4 Covenant Defeasance.

          Unless this Section 8.4 is otherwise specified pursuant to Section 2.2.21 to be inapplicable
to Securities of any Series, on and after the 91st day after the date of the deposit referred to in
subparagraph (a) hereof, the Company may omit to comply with any term, provision or condition set
forth under Sections 4.2, 4.3, 4.4, 4.5, 4.6, and 5.1 as well as any additional covenants contained
in a supplemental indenture hereto for a particular Series of Securities or a Board Resolution or
an Officers’ Certificate delivered pursuant to Section 2.2.21 (and the failure to comply with any
such covenants shall not constitute a Default or Event of Default under Section 6.1) and the
occurrence of any event described in clause (e) of Section 6.1 shall not constitute a Default or
Event of Default hereunder, with respect to the Securities of such Series, provided that the
following conditions shall have been satisfied:

          (a) With reference to this Section 8.4, the Company has deposited or caused to be irrevocably
deposited (except as provided in Section 8.2(c)) with the Trustee as trust funds in trust,
specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such
Securities (i) in the case of Securities of such Series denominated in Dollars, cash in Dollars (or
such other money or currencies as shall then be legal tender in the United States) and/or U.S.
Government Obligations, or (ii) in the case of Securities of such Series denominated in a Foreign
Currency (other than a composite currency), money and/or Foreign Government Obligations, which
through the payment of interest and principal in respect thereof, in accordance with their terms,
will provide (and without reinvestment and assuming no tax liability will be imposed on such
Trustee), not later than one day before the due date of any payment of money, an amount in cash,
sufficient, in the opinion of a nationally recognized firm of independent certified public
accountants expressed in a written certification thereof delivered to the Trustee, to pay principal
and interest, if any, on and any mandatory sinking fund in respect of the Securities of such Series
on the dates such installments of interest or principal are due;

          (b) Such deposit will not result in a breach or violation of, or constitute a default under,
this Indenture or any other agreement or instrument to which the Company is a party or by which it
is bound;

          (c) No Default or Event of Default with respect to the Securities of such Series shall have
occurred and be continuing on the date of such deposit or during the period ending on the 91st day
after such date;

          (d) the Company shall have delivered to the Trustee an Opinion of Counsel confirming that
Holders of the Securities of such Series will not recognize income, gain or loss for federal income
tax purposes as a result of such deposit and defeasance and will be subject to federal income tax
on the same amounts, in the same manner and at the same times as would have been the case if such
deposit and defeasance had not occurred;

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          (e) the Company shall have delivered to the Trustee an Officers’ Certificate stating the
deposit was not made by the Company with the intent of preferring the Holders of the Securities of
such Series over any other creditors of the Company or with the intent of defeating, hindering,
delaying or defrauding any other creditors of the Company; and

          (f) The Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent herein provided for relating to the defeasance
contemplated by this Section have been complied with.

Section 8.5 Repayment to Company.

          The Trustee and the Paying Agent shall pay to the Company upon request any money held by them
for the payment of principal and interest that remains unclaimed for two years. After that,
Securityholders entitled to the money must look to the Company for payment as general creditors
unless an applicable abandoned property law designates another person.

Section 8.6 Reinstatement.

          If the Trustee or Paying Agent is unable to apply any money or U.S. Government Obligations in
accordance with Sections 8.1, 8.3 or 8.4, as the case may be, by reason of any legal proceeding or
by reason of any order or judgment of any court or governmental authority enjoining, restraining or
otherwise prohibiting such application, the Company’s obligations under this Indenture and the
Securities shall be revived and reinstated as though no deposit had occurred pursuant to Section
8.1, 8.3 or 8.4, as the case may be, until such time as the Trustee or Paying Agent is permitted to
apply all such money or U.S. Government Obligations in accordance with Section 8.1, 8.3 or 8.4, as
the case may be; provided, however, that if the Company makes any payment of principal of, premium,
if any, or interest on any Securities because of reinstatement of its obligations, the Company
shall be subrogated to the rights of the holders of such Securities to receive such payment from
the money or U.S. Government Obligations held by the Trustee or Paying Agent.

ARTICLE IX.

AMENDMENTS AND WAIVERS

Section 9.1 Without Consent of Holders.

          The Company and the Trustee may amend or supplement this Indenture or the Securities of one or
more Series without the consent of any Securityholder:

          (a) to provide for the issuance of and establish the form and terms and conditions of
Securities of any Series as permitted by this Indenture;

          (b) to comply with requirements of the SEC in order to effect or maintain the qualification of
this Indenture under the TIA.

          (c) to cure any ambiguity, defect or inconsistency;

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          (d) to provide for uncertificated Securities in addition to or in place of certificated
Securities; (e) to comply with Article V;

          (e) to make any change that would provide any additional rights or benefits to the
Securityholder or that does not adversely affect the legal rights under the Indenture of any
Securityholder;

          (f) to conform the text of the Indenture to any provision of the Description of Debt
Securities to the extent that such provision in the Description of Debt Securities was intended to
be a verbatim recitation of a provision of the indentures;

          (g) to provide for the issuance of additional securities in accordance with the limitations
set forth in the indenture as of the date of the indenture;

          (h) to allow any guarantor to execute a supplemental Indenture with respect to Securities and
to release guarantors in accordance with the terms of the Indenture; or

          (i) to add additional obligors under the indenture and the securities.

     The consent of holders is not necessary under the indentures to approve the particular form of
any proposed amendment. It is sufficient if such consent approves the substance of the proposed
amendment.

Section 9.2 With Consent of Holders.

          The Company and the Trustee may enter into a supplemental indenture with the written consent
of the Holders of at least a majority in principal amount of the outstanding Securities of each
Series affected by such supplemental indenture (including consents obtained in connection with a
tender offer or exchange offer for the Securities of such Series), for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of this Indenture or
of any supplemental indenture or of modifying in any manner the rights of the Securityholders of
each such Series. Except as provided in Section 6.13, the Holders of at least a majority in
principal amount of the outstanding Securities of each Series affected by such waiver by notice to
the Trustee (including consents obtained in connection with a tender offer or exchange offer for
the Securities of such Series) may waive compliance by the Company with any provision of this
Indenture or the Securities with respect to such Series.

          It shall not be necessary for the consent of the Holders of Securities under this Section 9.2
to approve the particular form of any proposed supplemental indenture or waiver, but it shall be
sufficient if such consent approves the substance thereof. After a supplemental indenture or waiver
under this Section becomes effective, the Company shall mail to the Holders of Securities affected
thereby and, if any Bearer Securities affected thereby are outstanding, publish on one occasion in
an Authorized Newspaper, a notice briefly describing the supplemental indenture or waiver. Any
failure by the Company to mail or publish such notice, or any defect therein, shall not, however,
in any way impair or affect the validity of any such supplemental indenture or waiver.

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Section 9.3 Limitations.

          Without the consent of each Securityholder affected, an amendment or waiver may not:

          (a) change the amount of Securities whose Holders must consent to an amendment, supplement or
waiver;

          (b) reduce the rate of or extend the time for payment of interest (including default interest)
on any Security;

          (c) reduce the principal or change the Stated Maturity of any Security or reduce the amount
of, or postpone the date fixed for, the payment of any sinking fund or analogous obligation;

          (d) reduce the principal amount of Discount Securities payable upon acceleration of the
maturity thereof;

          (e) waive a Default or Event of Default in the payment of the principal of or interest, if
any, on any Security (except a rescission of acceleration of the Securities of any Series by the
Holders of at least a majority in principal amount of the outstanding Securities of such Series and
a waiver of the payment default that resulted from such acceleration);

          (f) make the principal of or interest, if any, on any Security payable in any currency other
than that stated in the Security;

          (g) make any change in Sections 6.8, 6.13, 9.3 (this sentence), 10.15 or 10.16; or

          (h) waive a redemption payment with respect to any Security or change any of the provisions
with respect to the redemption of any Securities.

Section 9.4 Compliance with Trust Indenture Act.

          Every amendment to this Indenture or the Securities of one or more Series shall be set forth
in a supplemental indenture hereto that complies with the TIA as then in effect.

Section 9.5 Revocation and Effect of Consents.

          Until an amendment or waiver becomes effective, a consent to it by a Holder of a Security is a
continuing consent by the Holder and every subsequent Holder of a Security or portion of a Security
that evidences the same debt as the consenting Holder’s Security, even if notation of the consent
is not made on any Security. However, any such Holder or subsequent Holder may revoke the consent
as to his Security or portion of a Security if the Trustee receives the notice of revocation before
the date the amendment or waiver becomes effective.

          Any amendment or waiver once effective shall bind every Securityholder of each Series affected
by such amendment or waiver unless it is of the type described in any of clauses

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(a) through (g) of Section 9.3. In that case, the amendment or waiver shall bind each Holder
of a Security who has consented to it and every subsequent Holder of a Security or portion of a
Security that evidences the same debt as the consenting Holder’s Security.

Section 9.6 Notation on or Exchange of Securities.

          The Trustee may place an appropriate notation about an amendment or waiver on any Security of
any Series thereafter authenticated. The Company in exchange for Securities of that Series may
issue and the Trustee shall authenticate upon request new Securities of that Series that reflect
the amendment or waiver.

Section 9.7 Trustee Protected.

          In executing, or accepting the additional trusts created by, any supplemental indenture
permitted by this Article or the modifications thereby of the trusts created by this

          Indenture, the Trustee shall be entitled to receive, and (subject to Section 7.1) shall be
fully protected in relying upon, an Opinion of Counsel stating that the execution of such
supplemental indenture is authorized or permitted by this Indenture. The Trustee shall sign all
supplemental indentures, except that the Trustee need not sign any supplemental indenture that
adversely affects its rights.

ARTICLE X.

MISCELLANEOUS

Section 10.1 Trust Indenture Act Controls.

          If any provision of this Indenture limits, qualifies, or conflicts with another provision
which is required or deemed to be included in this Indenture by the TIA, such required or deemed
provision shall control.

Section 10.2 Notices.

          Any notice or communication by the Company or the Trustee to the other is duly given if in
writing and delivered in person or mailed by first-class mail:

if to the Company:

PharmaNet Development Group, Inc.

504 Carnegie Center

Princeton, NJ 08540

Attention: Chief Financial Officer

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if to the Trustee:

[Name of Trustee]

[Address]

Attention:

          The Company or the Trustee by notice to the other may designate additional or different
addresses for subsequent notices or communications.

          Any notice or communication to a Securityholder shall be mailed by first-class mail to his
address shown on the register kept by the Registrar and, if any Bearer Securities are outstanding,
published in an Authorized Newspaper. Failure to mail a notice or communication to a Securityholder
of any Series or any defect in it shall not affect its sufficiency with respect to other
Securityholders of that or any other Series.

          If a notice or communication is mailed or published in the manner provided above, within the
time prescribed, it is duly given, whether or not the Securityholder receives it.

          If the Company mails a notice or communication to Securityholders, it shall mail a copy to the
Trustee and each Agent at the same time.

Section 10.3 Communication by Holders with Other Holders.

          Securityholders of any Series may communicate pursuant to TIA Section 312(b) with other
Securityholders of that Series or any other Series with respect to their rights under this
Indenture or the Securities of that Series or all Series. The Company, the Trustee, the Registrar
and anyone else shall have the protection of TIA Section 312(c).

Section 10.4 Certificate and Opinion as to Conditions Precedent.

          Upon any request or application by the Company to the Trustee to take any action under this
Indenture, the Company shall furnish to the Trustee:

          (a) an Officers’ Certificate stating that, in the opinion of the signers, all conditions
precedent, if any, provided for in this Indenture relating to the proposed action have been
complied with; and

          (b) an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions
precedent have been complied with.

Section 10.5 Statements Required in Certificate or Opinion.

          Each certificate or opinion with respect to compliance with a condition or covenant provided
for in this Indenture (other than a certificate provided pursuant to TIA Section 314(a)(4)) shall
comply with the provisions of TIA Section 314(e) and shall include:

          (a) a statement that the person making such certificate or opinion has read such covenant or
condition;

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          (b) a brief statement as to the nature and scope of the examination or investigation upon
which the statements or opinions contained in such certificate or opinion are based;

          (c) a statement that, in the opinion of such person, he has made such examination or
investigation as is necessary to enable him to express an informed opinion as to whether or not
such covenant or condition has been complied with; and

          (d) a statement as to whether or not, in the opinion of such person, such condition or
covenant has been complied with.

Section 10.6 Rules by Trustee and Agents.

          The Trustee may make reasonable rules for action by or a meeting of Securityholders of one or
more Series. Any Agent may make reasonable rules and set reasonable requirements for its functions.

Section 10.7 Legal Holidays.

          Unless otherwise provided by Board Resolution, Officers’ Certificate or supplemental indenture
for a particular Series, a “Legal Holiday” is any day that is not a Business Day. If a payment date
is a Legal Holiday at a place of payment, payment may be made at that place on the next succeeding
day that is not a Legal Holiday, and no interest shall accrue for the intervening period.

Section 10.8 No Recourse Against Others.

          A director, officer, employee or stockholder, as such, of the Company shall not have any
liability for any obligations of the Company under the Securities or the Indenture or for any claim
based on, in respect of or by reason of such obligations or their creation. Each Securityholder by
accepting a Security waives and releases all such liability. The waiver and release are part of the
consideration for the issue of the Securities.

Section 10.9 Counterparts.

          This Indenture may be executed in any number of counterparts and by the parties hereto in
separate counterparts, each of which when so executed shall be deemed to be an original and all of
which taken together shall constitute one and the same agreement.

Section 10.10 Governing Laws.

          THIS INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK
APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED IN SUCH STATE, WITHOUT REGARD TO THE CONFLICT OF
LAWS PROVISIONS THEREOF THAT WOULD REQUIRE THE APPLICATION OF ANY OTHER LAW.

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Section 10.11 No Adverse Interpretation of Other Agreements.

          This Indenture may not be used to interpret another indenture, loan or debt agreement of the
Company or a Subsidiary. Any such indenture, loan or debt agreement may not be used to interpret
this Indenture.

Section 10.12 Successors.

          All agreements of the Company in this Indenture and the Securities shall bind its successor.
All agreements of the Trustee in this Indenture shall bind its successor.

Section 10.13 Severability.

          In case any provision in this Indenture or in the Securities shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in
any way be affected or impaired thereby.

Section 10.14 Table of Contents, Headings, Etc.

          The Table of Contents, Cross Reference Table, and headings of the Articles and Sections of
this Indenture have been inserted for convenience of reference only, are not to be considered a
part hereof, and shall in no way modify or restrict any of the terms or provisions hereof.

Section 10.15 Securities in a Foreign Currency or in ECU.

          Unless otherwise specified in a Board Resolution, a supplemental indenture hereto or an
Officers’ Certificate delivered pursuant to Section 2.2 of this Indenture with respect to a
particular Series of Securities, whenever for purposes of this Indenture any action may be taken by
the Holders of a specified percentage in aggregate principal amount of Securities of all Series or
all Series affected by a particular action at the time outstanding and, at such time, there are
outstanding Securities of any Series which are denominated in a coin or currency other than Dollars
(including ECUs), then the principal amount of Securities of such Series which shall be deemed to
be outstanding for the purpose of taking such action shall be that amount of Dollars that could be
obtained for such amount at the Market Exchange Rate at such time. For purposes of this Section
10.15, “Market Exchange Rate” shall mean the noon Dollar buying rate in New York City for cable
transfers of that currency as published by the Federal Reserve Bank of New York; provided, however,
in the case of ECUs, Market Exchange Rate shall mean the rate of exchange determined by the
Commission of the European Union (or any successor thereto) as published in the Official Journal of
the European Union (such publication or any successor publication, the “Journal”). If such Market
Exchange Rate is not available for any reason with respect to such currency, the Trustee shall use,
in its sole discretion and without liability on its part, such quotation of the Federal Reserve
Bank of New York or, in the case of ECUs, the rate of exchange as published in the Journal, as of
the most recent available date, or quotations or, in the case of ECUs, rates of exchange from one
or more major banks in The City of New York or in the country of issue of the currency in question
or, in the case of ECUs, in Luxembourg or such other quotations or, in the case of ECUs, rates of
exchange as the Trustee, upon consultation with the Company, shall deem appropriate. The provisions
of this paragraph shall

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apply in determining the equivalent principal amount in respect of Securities of a Series
denominated in currency other than Dollars in connection with any action taken by Holders of
Securities pursuant to the terms of this Indenture.

          All decisions and determinations of the Trustee regarding the Market Exchange Rate or any
alternative determination provided for in the preceding paragraph shall be in its sole discretion
and shall, in the absence of manifest error, be conclusive to the extent permitted by law for all
purposes and irrevocably binding upon the Company and all Holders.

Section 10.16 Judgment Currency.

          The Company agrees, to the fullest extent that it may effectively do so under applicable law,
that (a) if for the purpose of obtaining judgment in any court it is necessary to convert the sum
due in respect of the principal of or interest or other amount on the Securities of any Series (the
“Required Currency”) into a currency in which a judgment will be rendered (the “Judgment
Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking
procedures the Trustee could purchase in The City of New York the Required Currency with the
Judgment Currency on the day on which final unappealable judgment is entered, unless such day is
not a New York Banking Day, then, the rate of exchange used shall be the rate at which in
accordance with normal banking procedures the Trustee could purchase in The City of New York the
Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which
final unappealable judgment is entered and (b) its obligations under this Indenture to make
payments in the Required Currency (i) shall not be discharged or satisfied by any tender, any
recovery pursuant to any judgment (whether or not entered in accordance with Subsection (a)), in
any currency other than the Required Currency, except to the extent that such tender or recovery
shall result in the actual receipt, by the payee, of the full amount of the Required Currency
expressed to be payable in respect of such payments, (ii) shall be enforceable as an alternative or
additional cause of action for the purpose of recovering in the Required Currency the amount, if
any, by which such actual receipt shall fall short of the full amount of the Required Currency so
expressed to be payable, and (iii) shall not be affected by judgment being obtained for any other
sum due under this Indenture. For purposes of the foregoing, “New York Banking Day” means any day
except a Saturday, Sunday or a legal holiday in The City of New York on which banking institutions
are authorized or required by law, regulation or executive order to close.

ARTICLE XI.

SINKING FUNDS

Section 11.1 Applicability of Article.

          The provisions of this Article shall be applicable to any sinking fund for the retirement of
the Securities of a Series, except as otherwise permitted or required by any form of Security of
such Series issued pursuant to this Indenture.

          The minimum amount of any sinking fund payment provided for by the terms of the Securities of
any Series is herein referred to as a “mandatory sinking fund payment” and any other amount
provided for by the terms of Securities of such Series is herein referred to as an

43

 

“optional sinking fund payment.” If provided for by the terms of Securities of any Series, the
cash amount of any sinking fund payment may be subject to reduction as provided in Section 11.2.
Each sinking fund payment shall be applied to the redemption of Securities of any Series as
provided for by the terms of the Securities of such Series.

Section 11.2 Satisfaction of Sinking Fund Payments with Securities.

          The Company may, in satisfaction of all or any part of any sinking fund payment with respect
to the Securities of any Series to be made pursuant to the terms of such Securities (1) deliver
outstanding Securities of such Series to which such sinking fund payment is applicable (other than
any of such Securities previously called for mandatory sinking fund redemption) and (2) apply as
credit Securities of such Series to which such sinking fund payment is applicable and which have
been redeemed either at the election of the Company pursuant to the terms of such Series of
Securities (except pursuant to any mandatory sinking fund) or through the application of permitted
optional sinking fund payments or other optional redemptions pursuant to the terms of such
Securities, provided that such Securities have not been previously so credited. Such Securities
shall be received by the Trustee, together with an Officers’ Certificate with respect thereto, not
later than 15 days prior to the date on which the Trustee begins the process of selecting
Securities for redemption, and shall be credited for such purpose by the Trustee at the price
specified in such Securities for redemption through operation of the sinking fund and the amount of
such sinking fund payment shall be reduced accordingly. If as a result of the delivery or credit of
Securities in lieu of cash payments pursuant to this Section 11.2, the principal amount of
Securities of such Series to be redeemed in order to exhaust the aforesaid cash payment shall be
less than $100,000, the Trustee need not call Securities of such Series for redemption, except upon
receipt of a Company Order that such action be taken, and such cash payment shall be held by the
Trustee or a Paying Agent and applied to the next succeeding sinking fund payment, provided,
however, that the Trustee or such Paying Agent shall from time to time upon receipt of a Company
Order pay over and deliver to the Company any cash payment so being held by the Trustee or such
Paying Agent upon delivery by the Company to the Trustee of Securities of that Series purchased by
the Company having an unpaid principal amount equal to the cash payment required to be released to
the Company.

Section 11.3 Redemption of Securities for Sinking Fund.

          Not less than 45 days (unless otherwise indicated in the Board Resolution, supplemental
indenture hereto or Officers’ Certificate in respect of a particular Series of Securities) prior to
each sinking fund payment date for any Series of Securities, the Company will deliver to the
Trustee an Officers’ Certificate specifying the amount of the next ensuing mandatory sinking fund
payment for that Series pursuant to the terms of that Series, the portion thereof, if any, which is
to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by
delivering and crediting of Securities of that Series pursuant to Section 11.2, and the optional
amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and the
Company shall thereupon be obligated to pay the amount therein specified. Not less than 30 days
(unless otherwise indicated in the Board Resolution, Officers’ Certificate or supplemental
indenture in respect of a particular Series of Securities) before each such sinking fund payment
date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in
the manner specified in Section 3.2 and cause notice of the redemption thereof

44

 

to be given in the name of and at the expense of the Company in the manner provided in Section
3.3. Such notice having been duly given, the redemption of such Securities shall be made upon the
terms and in the manner stated in Sections 3.4, 3.5 and 3.6.

ARTICLE XII.

SUBORDINATION OF SECURITIES

Section 12.1 Agreement of Subordination.

          The Company covenants and agrees, and each Holder of Securities issued hereunder by his
acceptance thereof likewise covenants and agrees, that all Securities shall be issued subject to
the provisions of this Article XII; and each Person holding any Security, whether upon original
issue or upon transfer, assignment or exchange thereof, accepts and agrees to be bound by such
provisions.

          The payment of the principal of, premium, if any, and interest on all Securities (including,
but not limited to, the redemption price with respect to the Securities called for redemption in
accordance with Article III as provided in the Indenture) issued hereunder shall, to the extent and
in the manner hereinafter set forth, be subordinated and subject in right of payment to the prior
payment in full of all Senior Indebtedness, whether outstanding at the date of this Indenture or
thereafter incurred.

          No provision of this Article XII shall prevent the occurrence of any default or Event of
Default hereunder.

Section 12.2 Payments to Holders.

          No payment shall be made with respect to the principal of, or premium, if any, or interest on
the Securities (including, but not limited to, the redemption price with respect to the Securities
to be called for redemption in accordance with Article III as provided in the Indenture), except
payments and distributions made by the Trustee as permitted by the first or second paragraph of
Section 12.5, if:

               (i) a default in the payment of principal, premium, interest, rent or other obligations due on
any Senior Indebtedness occurs and is continuing (or, in the case of Senior Indebtedness for which
there is a period of grace, in the event of such a default that continues beyond the period of
grace, if any, specified in the instrument or lease evidencing such Senior Indebtedness), unless
and until such default shall have been cured or waived or shall have ceased to exist; or

               (ii) a default, other than a payment default, on a Designated Senior Indebtedness occurs and
is continuing that then permits holders of such Designated Senior Indebtedness to accelerate its
maturity and the Trustee receives a notice of the default (a “Payment Blockage Notice”) from a
Representative or the Company.

          If the Trustee receives any Payment Blockage Notice pursuant to clause (ii) above, no
subsequent Payment Blockage Notice shall be effective for purposes of this Section unless and until
(A) at least 365 days shall have elapsed since the initial effectiveness of the

45

 

immediately prior Payment Blockage Notice, and (B) all scheduled payments of principal,
premium, if any, and interest on the Securities that have come due have been paid in full in cash.
No nonpayment default that existed or was continuing on the date of delivery of any Payment
Blockage Notice to the Trustee shall be, or be made, the basis for a subsequent Payment Blockage
Notice.

     The Company may and shall resume payments on and distributions in respect of the Securities
upon the earlier of:

                    (1) the date upon which the default is cured or waived or ceases to exist, or

                    (2) in the case of a default referred to in clause (ii) above, 179 days pass after notice is
received if the maturity of such Designated Senior Indebtedness has not been accelerated, unless
this Article XII otherwise prohibits the payment or distribution at the time of such payment or
distribution.

          Upon any payment by the Company, or distribution of assets of the Company of any kind or
character, whether in cash, property or securities, to creditors upon any dissolution or winding-up
or liquidation or reorganization of the Company, whether voluntary or involuntary or in bankruptcy,
insolvency, receivership or other proceedings, all amounts due or to become due upon all Senior
Indebtedness shall first be paid in full in cash or other payment satisfactory to the holders of
such Senior Indebtedness, or payment thereof in accordance with its terms provided for in cash or
other payment satisfactory to the holders of such Senior Indebtedness, before any payment is made
on account of the principal of, premium, if any, or interest on the Securities (except payments
made pursuant to Article VI from monies deposited with the Trustee pursuant thereto prior to
commencement of proceedings for such dissolution, winding-up, liquidation or reorganization); and
upon any such dissolution or winding-up or liquidation or reorganization of the Company or
bankruptcy, insolvency, receivership or other proceeding, any payment by the Company, or
distribution of assets of the Company of any kind or character, whether in cash, property or
securities, to which the Holders of the Securities or the Trustee would be entitled, except for the
provision of this Article XII, shall (except as aforesaid) be paid by the Company or by any
receiver, trustee in bankruptcy, liquidating trustee, agent or other Person making such payment or
distribution, or by the Holders of the Securities or by the Trustee under this Indenture if
received by them or it, directly to the holders of Senior Indebtedness (pro rata to such holders on
the basis of the respective amounts of Senior Indebtedness held by such holders, or as otherwise
required by law or a court order) or their representative or representatives, or to the trustee or
trustees under any indenture pursuant to which any instruments evidencing any Senior Indebtedness
may have been issued, as their respective interests may appear, to the extent necessary to pay all
Senior Indebtedness in full, in cash or other payment satisfactory to the holders of such Senior
Indebtedness, after giving effect to any concurrent payment or distribution to or for the holders
of Senior Indebtedness, before any payment or distribution or provision therefor is made to the
Holders of the Securities or to the Trustee.

          For purposes of this Article XII, the words, “cash, property or securities” shall not be
deemed to include shares of stock of the Company as reorganized or readjusted, or securities of the
Company or any other corporation provided for by a plan of reorganization or

46

 

readjustment, the payment of which is subordinated at least to the extent provided in this
Article XII with respect to the Securities to the payment of all Senior Indebtedness which may at
the time be outstanding; provided that (i) the Senior Indebtedness is assumed by the new
corporation, if any, resulting from any reorganization or readjustment, and (ii) the rights of the
holders of Senior Indebtedness (other than leases which are not assumed by the Company or the new
corporation, as the case may be) are not, without the consent of such holders, altered by such
reorganization or readjustment. The consolidation of the Company with, or the merger of the Company
into, another corporation or the liquidation or dissolution of the Company following the conveyance
or transfer of its property as an entirety, or substantially as an entirety, to another corporation
upon the terms and conditions provided for in Article V shall not be deemed a dissolution,
winding-up, liquidation or reorganization for the purposes of this Section 12.2 if such other
corporation shall, as a part of such consolidation, merger, conveyance or transfer, comply with the
conditions stated in Article V.

          In the event of the acceleration of the Securities because of an Event of Default, no payment
or distribution shall be made to the Trustee or any Holder of Securities in respect of the
principal of, premium, if any, or interest on the Securities (including, but not limited to, the
redemption price with respect to the Securities called for redemption in accordance with Article
III as provided in the Indenture), except payments and distributions made by the Trustee as
permitted by the first or second paragraph of Section 12.5, until all Senior Indebtedness has been
paid in full in cash or other payment satisfactory to the holders of Senior Indebtedness or such
acceleration is rescinded in accordance with the terms of this Indenture. If payment of the
Securities is accelerated because of an Event of Default, the Company shall promptly notify holders
of Senior Indebtedness of the acceleration at the address set forth in the notice from the Agent
(or successor agent) to the Trustee as being the address to which the Trustee should send its
notice pursuant to this Section 12.2, unless there are no payment obligations of the Company
thereunder and all obligations thereunder to extend credit have been terminated or expired.

          In the event that, notwithstanding the foregoing provisions, any payment or distribution of
assets of the Company of any kind or character, whether in cash, property or securities (including,
without limitation, by way of setoff or otherwise), prohibited by the foregoing, shall be received
by the Trustee or the Holders of the Securities before all Senior Indebtedness is paid in full in
cash or other payment satisfactory to the holders of such Senior Indebtedness, or provision is made
for such payment thereof in accordance with its terms in cash or other payment satisfactory to the
holders of such Senior Indebtedness, such payment or distribution shall be held in trust for the
benefit of and shall be paid over or delivered to the holders of Senior Indebtedness or their
representative or representatives, or to the trustee or trustees under any indenture pursuant to
which any instruments evidencing any Senior Indebtedness may have been issued, as their respective
interests may appear, as calculated by the Company, for application to the payment of all Senior
Indebtedness remaining unpaid to the extent necessary to pay all Senior Indebtedness in full in
cash or other payment satisfactory to the holders of such Senior Indebtedness, after giving effect
to any concurrent payment or distribution to or for the holders of such Senior Indebtedness.

          Nothing in this Section 12.2 shall apply to claims of, or payments to, the Trustee under or
pursuant to Section 7.7. This Section 12.2 shall be subject to the further provisions of Section
12.5.

47

 

Section 12.3 Subrogation of Securities.

          Subject to the payment in full of all Senior Indebtedness, the rights of the Holders of the
Securities shall be subrogated to the extent of the payments or distributions made to the holders
of such Senior Indebtedness pursuant to the provisions of this Article XII (equally and ratably
with the holders of all indebtedness of the Company which by its express terms is subordinated to
other indebtedness of the Company to substantially the same extent as the Securities are
subordinated and is entitled to like rights of subrogation) to the rights of the holders of Senior
Indebtedness to receive payments or distributions of cash, property or securities of the Company
applicable to the Senior Indebtedness until the principal, premium, if any, and interest on the
Securities shall be paid in full; and, for the purposes of such subrogation, no payments or
distributions to the holders of the Senior Indebtedness of any cash, property or securities to
which the Holders of the Securities or the Trustee would be entitled except for the provisions of
this Article XII, and no payment pursuant to the provisions of this Article XII, to or for the
benefit of the holders of Senior Indebtedness by Holders of the Securities or the Trustee, shall,
as between the Company, its creditors other than holders of Senior Indebtedness, and the Holders of
the Securities, be deemed to be a payment by the Company to or on account of the Senior
Indebtedness; and no payments or distributions of cash, property or securities to or for the
benefit of the Holders of the Securities pursuant to the subrogation provisions of this Article
XII, which would otherwise have been paid to the holders of Senior Indebtedness shall be deemed to
be a payment by the Company to or for the account of the Securities. It is understood that the
provisions of this Article XII are and are intended solely for the purposes of defining the
relative rights of the Holders of the Securities, on the one hand, and the holders of the Senior
Indebtedness, on the other hand.

          Nothing contained in this Article XII or elsewhere in this Indenture or in the Securities is
intended to or shall impair, as among the Company, its creditors other than the holders of Senior
Indebtedness, and the Holders of the Securities, the obligation of the Company, which is absolute
and unconditional, to pay to the Holders of the Securities the principal of (and premium, if any)
and interest on the Securities as and when the same shall become due and payable in accordance with
their terms, or is intended to or shall affect the relative rights of the Holders of the Securities
and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything
herein or therein prevent the Trustee or the Holder of any Security from exercising all remedies
otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if
any, under this Article XII of the holders of Senior Indebtedness in respect of cash, property or
securities of the Company received upon the exercise of any such remedy.

          Upon any payment or distribution of assets of the Company referred to in this Article XII, the
Trustee, subject to the provisions of Section 7.1, and the Holders of the Securities shall be
entitled to rely upon any order or decree made by any court of competent jurisdiction in which such
bankruptcy, dissolution, winding-up, liquidation or reorganization proceedings are pending, or a
certificate of the receiver, trustee in bankruptcy, liquidating trustee, agent or other person
making such payment or distribution, delivered to the Trustee or to the Holders of the Securities,
for the purpose of ascertaining the persons entitled to participate in such distribution, the
holders of the Senior Indebtedness and other indebtedness of the Company, the amount thereof or
payable thereon and all other facts pertinent thereto or to this Article XII.

48

 

Section 12.4 Authorization to Effect Subordination.

          Each Holder of a Security by the holder’s acceptance thereof authorizes and directs the
Trustee on the holder’s behalf to take such action as may be necessary or appropriate to effectuate
the subordination as provided in this Article XII and appoints the Trustee to act as the holder’s
attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of
claim or proof of debt in the form required in any proceeding referred to in Section 6.3 hereof at
least 30 days before the expiration of the time to file such claim, the holders of any Senior
Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on
behalf of the Holders of the Securities.

Section 12.5 Notice to Trustee.

          The Company shall give prompt written notice in the form of an Officers’ Certificate to a
Responsible Officer of the Trustee and to any paying agent of any fact known to the Company which
would prohibit the making of any payment of monies to or by the Trustee or any paying agent in
respect of the Securities pursuant to the provisions of this Article XII. Notwithstanding the
provisions of this Article XII or any other provision of this Indenture, the Trustee shall not be
charged with knowledge of the existence of any facts which would prohibit the making of any payment
of monies to or by the Trustee in respect of the Securities pursuant to the provisions of this
Article XII, unless and until a Responsible Officer of the Trustee shall have received written
notice thereof at the Corporate Trust Office from the Company (in the form of an Officers’
Certificate) or a Representative or a holder or holders of Senior Indebtedness or from any trustee
thereof; and before the receipt of any such written notice, the Trustee, subject to the provisions
of Section 7.1, shall be entitled in all respects to assume that no such facts exist; provided that
if on a date not fewer than two Business Days prior to the date upon which by the terms hereof any
such monies may become payable for any purpose (including, without limitation, the payment of the
principal of, or premium, if any, or interest on any Security) the Trustee shall not have received,
with respect to such monies, the notice provided for in this Section 12.5, then, anything herein
contained to the contrary notwithstanding, the Trustee shall have full power and authority to
receive such monies and to apply the same to the purpose for which they were received, and shall
not be affected by any notice to the contrary which may be received by it on or after such prior
date.

          Notwithstanding anything in this Article XII to the contrary, nothing shall prevent any
payment by the Trustee to the Holders of monies deposited with it pursuant to Section 8.1, and any
such payment shall not be subject to the provisions of Section 12.1 or 12.2.

          The Trustee, subject to the provisions of Section 7.1, shall be entitled to rely on the
delivery to it of a written notice by a Representative or a person representing himself to be a
holder of Senior Indebtedness (or a trustee on behalf of such holder) to establish that such notice
has been given by a Representative or a holder of Senior Indebtedness or a trustee on behalf of any
such holder or holders. In the event that the Trustee determines in good faith that further
evidence is required with respect to the right of any person as a holder of Senior Indebtedness to
participate in any payment or distribution pursuant to this Article XII, the Trustee may request
such person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of
Senior Indebtedness held by such person, the extent to which such person is entitled to

49

 

participate in such payment or distribution and any other facts pertinent to the rights of
such person under this Article XII, and if such evidence is not furnished the Trustee may defer any
payment to such person pending judicial determination as to the right of such person to receive
such payment.

Section 12.6 Trustee’s Relation to Senior Indebtedness.

          The Trustee in its individual capacity shall be entitled to all the rights set forth in this
Article XII in respect of any Senior Indebtedness at any time held by it, to the same extent as any
other holder of Senior Indebtedness, and nothing in Section 7.11 or elsewhere in this Indenture
shall deprive the Trustee of any of its rights as such holder.

          With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to
observe only such of its covenants and obligations as are specifically set forth in this Article
XII, and no implied covenants or obligations with respect to the holders of Senior Indebtedness
shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any
fiduciary duty to the holders of Senior Indebtedness and, subject to the provisions of Section 7.1,
the Trustee shall not be liable to any holder of Senior Indebtedness if it shall pay over or
deliver to Holders of Securities, the Company or any other person money or assets to which any
holder of Senior Indebtedness shall be entitled by virtue of this Article XII or otherwise.

Section 12.7 No Impairment of Subordination.

          No right of any present or future holder of any Senior Indebtedness to enforce subordination
as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to
act on the part of the Company or by any act or failure to act, in good faith, by any such holder,
or by any noncompliance by the Company with the terms, provisions and covenants of this Indenture,
regardless of any knowledge thereof which any such holder may have or otherwise be charged with.

Section 12.8 Article Applicable to Paying Agents.

          If at any time any Paying Agent other than the Trustee shall have been appointed by the
Company and be then acting hereunder, the term “Trustee” as used in this Article shall (unless the
context otherwise requires) be construed as extending to and including such Paying Agent within its
meaning as fully for all intents and purposes as if such Paying Agent were named in this Article in
addition to or in place of the Trustee; provided, however, that the first paragraph of Section 12.5
shall not apply to the Company or any Affiliate of the Company if it or such Affiliate acts as
Paying Agent.

Section 12.9 Senior Indebtedness Entitled to Rely.

          The holders of Senior Indebtedness (including, without limitation, Designated Senior
Indebtedness) shall have the right to rely upon this Article XII, and no amendment or modification
of the provisions contained herein shall diminish the rights of such holders unless such holders
shall have agreed in writing thereto.

50

 

          [ SIGNATURE PAGE TO FOLLOW ]

51

 

          IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed as of
the day and year first above written.

	 	 	 	 	 
	 	PHARMANET DEVELOPMENT GROUP, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	John P. Hamill 	 
	 	 	Its:	Executive Vice President and Chief

Financial Officer 	 
	 

	 	 	 	 	 
	 	[Name of Trustee]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Its: 	 
	 

52exv10w1

EXHIBIT 10.1

EXECUTION
COPY

Portions of this exhibit were omitted and filed separately with the Secretary of the Commission
pursuant to an application for confidential treatment filed with the Commission pursuant to Rule
24b-2 under the Securities Exchange Act of 1934. Such portions are marked by a series of
asterisks.

Master Services Agreement

by and between

ADVANTA BANK CORP.

and

GENPACT INTERNATONAL LLC, HUNGARIAN BRANCH

Dated March 15, 2007

****** — Denotes material that has been
omitted and filed separately with the Commission.

 

TABLE
OF CONTENTS

	 	 	 	 	 
	ARTICLE/SECTION	 	PAGE	 
	1. DEFINITIONS AND CONSTRUCTION
	 	 	1	 
	 
	 	 	 	 
	1.1 Certain Definitions
	 	 	1	 
	1.2 Construction
	 	 	1	 
	1.3 References to Attachments and Statements of Work
	 	 	2	 
	 
	 	 	 	 
	2. TERM
	 	 	2	 
	 
	 	 	 	 
	2.1 Term
	 	 	2	 
	2.2 Statement of Work Term
	 	 	2	 
	2.3 Pilot SOW
	 	 	2	 
	 
	 	 	 	 
	3. STATEMENTS OF WORK AND SERVICES
	 	 	3	 
	 
	 	 	 	 
	3.1 Statements of Work
	 	 	3	 
	3.2 Services
	 	 	3	 
	3.3 Provision of Technology
	 	 	4	 
	3.4 Knowledge Sharing
	 	 	5	 
	3.5 Information Technology Architecture-No Shared Environment
	 	 	5	 
	3.6 Allocation of Resources
	 	 	5	 
	3.7 Policy and Procedures Manuals
	 	 	5	 
	3.8 Quality Assurance
	 	 	6	 
	 
	 	 	 	 
	4. SUPPLEMENTAL SERVICES AND CHANGES IN SCOPE
	 	 	7	 
	 
	 	 	 	 
	4.1 Supplemental Services
	 	 	7	 
	4.2 Increases or Reductions in Scope
	 	 	7	 
	 
	 	 	 	 
	5. SERVICE LEVELS AND PERFORMANCE STANDARDS
	 	 	8	 
	 
	 	 	 	 
	5.1 Generally
	 	 	8	 
	5.2 Measurement and Monitoring Tools
	 	 	9	 
	5.3 Continuous Improvement; Periodic Reviews and Guaranteed Productivity
Improvements
	 	 	9	 
	5.4 Failure to Perform
	 	 	10	 
	 
	 	 	 	 
	6. TRANSITION
	 	 	11	 
	 
	 	 	 	 
	7. MANAGEMENT AND GOVERNANCE
	 	 	11	 
	 
	 	 	 	 
	7.1 Operating Committee
	 	 	11	 
	7.2 Steering Committee
	 	 	12	 

-ii-

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TABLE
OF CONTENTS

(continued)

	 	 	 	 	 
	ARTICLE/SECTION	 	PAGE	 
	7.3 Program Specific Managers and Contact Persons
	 	 	12	 
	 
	 	 	 	 
	8. SUPPLIER OFFICE SPACE AND FACILITIES
	 	 	13	 
	 
	 	 	 	 
	8.1 Office Space
	 	 	13	 
	8.2 Supplier Facilities
	 	 	13	 
	8.3 Advanta Facilities
	 	 	14	 
	8.4 Safety and Security
	 	 	14	 
	 
	 	 	 	 
	9. EQUIPMENT AND SOFTWARE
	 	 	14	 
	 
	 	 	 	 
	9.1 Dedicated Network Equipment and Software
	 	 	14	 
	9.2 Supplier-Provided Equipment
	 	 	15	 
	9.3 Software Currency
	 	 	15	 
	 
	 	 	 	 
	10. REQUIRED CONSENTS
	 	 	16	 
	 
	 	 	 	 
	11. REPORTS AND FORECASTING
	 	 	16	 
	 
	 	 	 	 
	11.1 Reports
	 	 	16	 
	11.2 Financial, Forecasting, and Budgeting Support
	 	 	17	 
	 
	 	 	 	 
	12. FEES, CHARGES, AND EXPENSES
	 	 	17	 
	 
	 	 	 	 
	12.1 Fees, Costs and Expenses
	 	 	17	 
	12.2 Invoicing
	 	 	17	 
	12.3 Payment
	 	 	18	 
	12.4 Credits, Refundable Items, Reimbursable Items, and Set-Off
	 	 	18	 
	12.5 Recurring Costs
	 	 	18	 
	12.6 Pass-Through and Incidental Expenses
	 	 	18	 
	12.7 Disputed Payments
	 	 	19	 
	12.8 Accountability
	 	 	19	 
	12.9 Cost Reductions
	 	 	20	 
	 
	 	 	 	 
	13. TAXES
	 	 	20	 
	 
	 	 	 	 
	13.1 Personal Property; Franchise; Income
	 	 	20	 
	13.2 Sales and Use
	 	 	20	 
	13.3 Cooperation
	 	 	21	 
	13.4 Claim Settlement
	 	 	21	 
	13.5 Withholding Taxes
	 	 	21	 

-iii-

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TABLE
OF CONTENTS

(continued)

	 	 	 	 	 
	ARTICLE/SECTION	 	PAGE	 
	14. [Intentionally Deleted]
	 	 	21	 
	 
	 	 	 	 
	15. BENCHMARKING
	 	 	21	 
	 
	 	 	 	 
	15.1 Benchmarked Services
	 	 	21	 
	15.2 Procedure
	 	 	21	 
	15.3 Representative Sample; Benchmark Analysis
	 	 	22	 
	15.4 Benchmarking Results
	 	 	22	 
	 
	 	 	 	 
	16. SUPPLIER CHANGE CONTROL
	 	 	22	 
	 
	 	 	 	 
	16.1 General Requirements
	 	 	22	 
	16.2 Change Control Procedures
	 	 	23	 
	16.3 System Changes
	 	 	24	 
	16.4 Information Technology Standards
	 	 	25	 
	 
	 	 	 	 
	17. SUPPLIER AGENTS
	 	 	25	 
	 
	 	 	 	 
	17.1 Supplier Personnel
	 	 	25	 
	17.2 Key Supplier Positions
	 	 	26	 
	17.3 Supplier Subcontractors
	 	 	27	 
	17.4 Conduct of Supplier Agents
	 	 	27	 
	17.5 Responsibility/Actions of Supplier Agents
	 	 	28	 
	 
	 	 	 	 
	18. MUTUAL NON-SOLICITATION
	 	 	28	 
	 
	 	 	 	 
	19. INTELLECTUAL PROPERTY
	 	 	28	 
	 
	 	 	 	 
	19.1 Deliverables
	 	 	28	 
	19.2 Advanta-Provided Software
	 	 	31	 
	19.3 Third Party Software
	 	 	31	 
	19.4 Inventions
	 	 	32	 
	19.5 Changes and Upgrades to Software
	 	 	32	 
	19.6 Export
	 	 	32	 
	19.7 Ownership
	 	 	33	 
	19.8 Residual Knowledge
	 	 	33	 
	 
	 	 	 	 
	20. CONFIDENTIALITY
	 	 	33	 
	 
	 	 	 	 
	20.1 Confidential Information
	 	 	33	 
	20.2 Exclusions
	 	 	34	 

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TABLE OF CONTENTS

(continued)

	 	 	 	 	 
	ARTICLE/SECTION	 	PAGE	 
	20.3 Obligations
	 	 	34	 
	20.4 Disclosure or Loss of Confidential Information
	 	 	35	 
	20.5 No Implied Rights
	 	 	36	 
	20.6 Injunctive Relief
	 	 	36	 
	20.7 Survival
	 	 	36	 
	 
	 	 	 	 
	21. CUSTOMER DATA; DATA SECURITY
	 	 	36	 
	 
	 	 	 	 
	21.1 Customer Data
	 	 	36	 
	21.2 Data Security
	 	 	37	 
	21.3 Data Security Procedures
	 	 	38	 
	21.4 Security Reviews
	 	 	38	 
	 
	 	 	 	 
	22. DISASTER RECOVERY/BUSINESS CONTINUITY
	 	 	39	 
	 
	 	 	 	 
	22.1 Generally
	 	 	39	 
	22.2 Updates and Testing
	 	 	39	 
	22.3 Implementation
	 	 	39	 
	 
	 	 	 	 
	23. RECORD RETENTION AND AUDIT
	 	 	39	 
	 
	 	 	 	 
	23.1 SAS 70 Audits
	 	 	39	 
	23.2 Record Retention
	 	 	40	 
	23.3 Operational Audits
	 	 	40	 
	23.4 Financial Audits
	 	 	41	 
	23.5 Facilities
	 	 	41	 
	23.6 Audit Follow-up
	 	 	41	 
	23.7 General Principles Regarding Audits
	 	 	41	 
	23.8 Regulatory Examination
	 	 	41	 
	 
	 	 	 	 
	24. COMPLIANCE WITH LAWS; CHANGES IN LAW
	 	 	42	 
	 
	 	 	 	 
	24.1 General
	 	 	42	 
	24.2 Regulatory Compliance
	 	 	43	 
	24.3 Notice
	 	 	43	 
	24.4 Permits
	 	 	43	 
	24.5 Performance
	 	 	44	 
	24.6 Termination
	 	 	44	 

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TABLE
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(continued)

	 	 	 	 	 
	ARTICLE/SECTION	 	PAGE	 
	25. REPRESENTATIONS, WARRANTIES AND COVENANTS
	 	 	44	 
	 
	 	 	 	 
	25.1 By Supplier
	 	 	44	 
	25.1.A By Advanta
	 	 	47	 
	25.2 Mutual Representations and Warranties
	 	 	48	 
	 
	 	 	 	 
	26. TERMINATION AND TERMINATION/EXPIRATION ASSISTANCE
	 	 	48	 
	 
	 	 	 	 
	26.1 Termination for Cause by Advanta
	 	 	48	 
	26.2 Regulatory Termination
	 	 	48	 
	26.3 Supplier Right to Terminate
	 	 	49	 
	26.4 Advanta Termination for Convenience; Termination During Pilot;
Termination of SOW(s)
	 	 	49	 
	26.5 Termination for Change in Control
	 	 	49	 
	26.6 Termination for Bankruptcy or Material Adverse Change
	 	 	50	 
	26.7 Termination for Repeated Failure to Meet Service Levels
	 	 	50	 
	26.8 Termination for Force Majeure Event
	 	 	51	 
	26.9 Adjustment
	 	 	51	 
	26.10 Termination/Expiration Assistance
	 	 	51	 
	26.11 Post-Termination Obligations
	 	 	52	 
	26.12 Early Termination Fee
	 	 	53	 
	 
	 	 	 	 
	27. INDEMNIFICATION
	 	 	54	 
	 
	 	 	 	 
	27.1 Indemnity
	 	 	54	 
	27.2 Infringement
	 	 	54	 
	27.3 Indemnification Procedures
	 	 	55	 
	 
	 	 	 	 
	27A. LIMITATION OF LIABILITY
	 	 	56	 
	 
	 	 	 	 
	27A.1 Direct Damages
	 	 	56	 
	 
	 	 	 	 
	28. DISPUTE RESOLUTION
	 	 	57	 
	 
	 	 	 	 
	28.1 Informal Proceedings
	 	 	57	 
	28.2 Arbitration
	 	 	57	 
	28.3 Equitable Relief
	 	 	58	 
	28.4 Jurisdiction
	 	 	58	 
	28.5 Governing Law
	 	 	58	 

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TABLE
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(continued)

	 	 	 	 	 
	ARTICLE/SECTION	 	PAGE	 
	28.6 Certain Written and Oral Statements
	 	 	59	 
	28.7 Continuity of Services
	 	 	59	 
	 
	 	 	 	 
	29. INSURANCE
	 	 	59	 
	 
	 	 	 	 
	29.1 Coverage
	 	 	59	 
	29.2 Insurance Terms
	 	 	60	 
	 
	 	 	 	 
	30. MISCELLANEOUS
	 	 	61	 
	 
	 	 	 	 
	30.1 Assignment
	 	 	61	 
	30.2 Labor Harmony Obligation
	 	 	61	 
	30.3 Notices
	 	 	61	 
	30.4 Counterparts
	 	 	62	 
	30.5 Force Majeure
	 	 	62	 
	30.6 Relationship of the Parties
	 	 	63	 
	30.7 Severability
	 	 	63	 
	30.8 Cumulative Remedies; Waiver
	 	 	63	 
	30.9 Consents and Approval
	 	 	63	 
	30.10 No Publicity
	 	 	63	 
	30.11 Entire Agreement
	 	 	64	 
	30.12 Amendments
	 	 	64	 
	30.13 Headings
	 	 	64	 
	30.14 Order of Precedence
	 	 	64	 
	30.15 Survival
	 	 	64	 
	30.16 Covenant of Further Assurances
	 	 	64	 
	30.17 Covenant to Provide Certain Supplier Information
	 	 	65	 
	30.18 Negotiated Terms
	 	 	65	 
	30.19 Covenant Against Pledging
	 	 	65	 
	30.20 Third Party Beneficiaries
	 	 	65	 
	30.21 Covenant of Good Faith
	 	 	65	 
	30.22 Condition Precedent to Agreement Effectiveness; Guaranty of Genpact
Global Holdings SICAR S.a.r.l
	 	 	65	 

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TABLE
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Attachments to the Master Services Agreement

	 	 	 
	Attachment 1

	 	Definitions
	Attachment 2

	 	Sample Statement of Work (SOW)
	Attachment 3

	 	Information Technology Architecture
	Attachment 4

	 	Service Levels Standards and ******
	Attachment 5

	 	Transition Services and Fees
	Attachment 6

	 	Supplier Purchased Dedicated Equipment and Software
	Attachment 7

	 	Advanta-Provided Third Party Software
	Attachment 8

	 	Fee Schedule
	Attachment 9

	 	Approved Subcontractors
	Attachment 10

	 	Form of Subcontractor Direct Agreement
	Attachment 11

	 	Advanta Data Security Standards
	Attachment 12

	 	Capital Costs for Calculation of Early Termination Fee
	Attachment 13

	 	Affiliates
	Attachment 14

	 	Form of Employee Innovation and Proprietary Information Agreement
	Attachment 15

	 	Form of Parent Guaranty

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MASTER SERVICES AGREEMENT

     This Master Services Agreement (this “Agreement”), dated March 15, 2007 and effective as of
February 11, 2007 (the “Effective Date”), is entered into by and between Advanta Bank Corp., a Utah
industrial bank with its principal place of business located at Welsh and McKean Roads, P.O. Box
844 Spring House, PA 19477 (“Advanta”), and Genpact International LLC, 1251 Avenue of the Americas,
41st Floor, New York, NY 10020, a Delaware Limited Liability Company, through its branch located at
Duna Plaza Offices, 4th floor, H-1138, Budapest Vàci ùt 178, Hungary (“Supplier”). As used in this
Agreement, “Party” means either Advanta or Supplier, as appropriate, and “Parties” means Advanta
and Supplier.

     WHEREAS, Advanta is an industrial bank chartered under the laws of the State of Utah and
regulated by the United States Federal Deposit Insurance Corporation (“FDIC”) and the State of Utah
Department of Financial Institutions that provides funding to small businesses and business
professionals in the United States through innovative products and services, including through the
issuance of credit cards and the provision of credit card services;

     WHEREAS, Supplier is in the business of providing, and is willing to provide Advanta, certain
services; and

     WHEREAS, Supplier desires to provide to Advanta, and Advanta desires to obtain from Supplier,
certain services and resources, as are described in this Agreement and as may be otherwise mutually
agreed upon by Advanta and Supplier from time to time and documented in separate, written
statements of work, which may include services and resources for call center operations, collection
efforts, finance and accounting, research and analytics, and information technology; and

     WHEREAS, Supplier and Advanta desire to establish a mechanism for the execution of such
statements of work and to document certain standard provisions that will govern the performance of
the activities contemplated by each such statement of work.

     NOW, THEREFORE, for and in consideration of the agreements of the Parties set forth below,
Advanta and Supplier agree as follows:

1. DEFINITIONS AND CONSTRUCTION.

     1.1 Certain Definitions. Certain capitalized terms used herein shall have the meanings given
to them in Attachment 1 (Definitions) hereto. Other capitalized terms used in this Agreement are
defined in the context in which they are used, and shall have the meanings there indicated.

     1.2 Construction. References to “Article,” “Section” or “Sections” are, unless otherwise
noted, references to the enumerated articles and the corresponding section(s) of this Agreement.
References to any Law (or any item included in the term “Laws”) shall also mean references to such
Law in changed or supplemented form, or to any newly adopted Law replacing such Law, as applicable.
References to “day,” “month,” and “year” shall mean,

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respectively, calendar day, calendar month, and calendar year. Use of the word “include,”
“includes” and “including” shall be deemed, as the context indicates, to be followed by the words
“but (is/are) not limited to.”

     1.3 References to Attachments and Statements of Work. All references to “Statement(s) of
Work” or “Attachment(s)” shall, unless otherwise noted, be deemed references to the noted
Statement(s) of Work (as defined) or attachment(s) to this Agreement. All Statement(s) of Work and
Attachments attached hereto are hereby incorporated by reference into, and made a part of, this
Agreement.

2. TERM.

     2.1 Term. The term of this Agreement shall commence on the Effective Date and remain in full
force and effect for a period of three (3) years (the “Initial Term”), and shall be automatically
renewed for two successive one (1) year periods (each a “Renewal Term”) on the same terms and
conditions except that the Fees fixed for the Initial Term: (a) shall be ****** and (b) the Fees
for the first Renewal Term shall be ******, unless Advanta provides written notice to Supplier of
its election to terminate this Agreement at least one hundred and eighty (180) days prior to the
last day of the then current Term. All outstanding Statements of Work shall terminate if this
Agreement terminates.

     2.2 Statement of Work Term. Each Statement of Work under this Agreement shall have a separate
term, as follows: the initial term of each SOW shall commence on the SOW Effective Date for such
SOW, and shall end on the last day of the Initial Term as set forth in Section 2.1, the “SOW
Initial Term”). Advanta may, at its election, extend the term of any SOW (except any Pilot SOW,
which may be extended upon the terms and conditions set forth in Section 2.3) for additional
periods of up to one (1) year each, which shall be coterminous with the Renewal Term as set forth
in Section 2.1 (each, a “SOW Renewal Term,” and all SOW Renewal Terms collectively with the SOW
Initial Term, the “SOW Term”) on the same terms and conditions then in effect, except that the Fees
fixed for the SOW Initial Term set forth in the applicable SOW: (a) shall be ****** and (b) the
fees for the first SOW Renewal Term shall be ******, by notifying Supplier of Advanta’s desire to
renew at least ninety (90) days prior to the expiration of the SOW Initial Term or then-current SOW
Renewal Term. If Advanta does not provide Supplier with such notice in accordance with this
Section 2.2, the SOW shall automatically expire at the end of the SOW Initial Term or the
then-current SOW Renewal Term, as applicable.

     2.3 Pilot SOW. Each Pilot SOW may be converted to an SOW at any time during the Pilot Period
pursuant to mutual agreement, provided, however, that each Pilot SOW may be extended for up to
three (3) months at Advanta’s election by written notice to Supplier thirty (30) days prior to the
expiration of the Pilot Period. Advanta may terminate a Pilot SOW on fifteen (15) days prior
written notice to Supplier during the Pilot Period, and shall pay ******. In the event that
Advanta does not agree to convert a Pilot SOW to an SOW within fifteen (15) days after the
expiration of the Pilot Period or elects to terminate a Pilot SOW for convenience, it shall pay
******.

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3. STATEMENTS OF WORK AND SERVICES.

     3.1 Statements of Work.

          a. Generally. The services, resources, and deliverables to be provided by Supplier hereunder
will be described in one or more written Statement(s) of Work to this Agreement, each of which will
be in substantially the form attached hereto as Attachment 2 (Sample Statement of Work (SOW)).
Each SOW shall include a detailed description of the Services to be provided under the SOW and any
Advanta responsibilities with respect to such Services. Each SOW shall be sequentially numbered in
the order of execution (e.g., SOW001, SOW002, etc.), shall be signed by an Authorized
Representative of each Party and upon such execution shall be deemed to incorporate the provisions
of this Agreement by reference. Supplier shall negotiate in good faith any new SOW that is
requested by Advanta

          b. Pilots. The Parties agree that the initial Services in each functional area shall be
considered pilot programs during which Advanta shall have the opportunity to evaluate the services,
resources, and deliverables provided by Supplier. There shall be four separate pilot programs as
follows: (i) Call Center/New Accounts; (ii) Finance and Accounting/ Settlements; (iii) Information
Technology/Application Development and Services; and (iv) Collections or First Bucket Collections;
or such other functions as set forth in the SOW for such pilot (each a “Pilot”). The term of each
Pilot shall be set forth in the applicable SOW (each a “Pilot Period”). Each Pilot shall be
documented by a separate SOW setting forth, among other things, the following:

               i. scope of Services to be performed including work location, work hours and process
mapping;

               ii. staffing levels, qualifications, training procedures and a list of key employees
performing the Services;

               iii. information technology, equipment and software considerations (e.g., set up,
licensing);

               iv. key Pilot performance measures including tollgates (i.e., decision points
during the term
of the Pilot), stakeholders (i.e., Advanta and Supplier personnel responsible for such decisions)
and associated dates;

               v. any Fees payable during the Pilot Period.

     3.2 Services.

          a. Generally. Commencing on the earliest SOW Effective Date, and continuing thereafter
throughout the Term, Supplier shall provide the Services to Advanta and the Service Recipients in
accordance with the terms and conditions of this Agreement. Services provided to the Service
Recipients shall be deemed to be Services provided to Advanta. Supplier shall provide the Services
in accordance with the Service Levels set forth in Attachment 4 and in

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the SOWs, the Policies and Procedures Manuals and, where the Service Levels and Policy and
Procedures Manuals do not establish standards, in accordance with general industry standards for
the Services being provided, to the extent Supplier is aware of such general industry standards
through its own efforts or because Advanta has informed Supplier (“General Industry Standards”).
If Supplier’s performance of the Services in accordance with a particular new standard will require
additional costs or expenses, the Parties will mutually agree on an equitable allocation of such
costs and expenses.

          b. Performance of Services by Advanta, Advanta Affiliates, or Third Parties; Supplier
Cooperation. Subject to Sections 4.2 and Section 26.12, Advanta shall have the right to perform or
provide itself, or to retain third parties or Advanta Affiliates to perform or provide, any of the
Services or any other services. To the extent Advanta itself performs any of the Services, or
retains third parties or Advanta Affiliates to do so, Supplier shall cooperate in good faith with
Advanta or such third party or Advanta Affiliate. Supplier shall immediately notify Advanta if an
act or omission of such a third party or Advanta Affiliate may cause a problem or delay in
providing the Services, and shall cooperate with Advanta to prevent or circumvent, or if unable to
do so, mitigate the effects of such problem or delay.

          c. No Future Obligations; No Exclusivity. Supplier acknowledges and agrees that: (i) Advanta
shall be under no future obligation to acquire additional or future products or services from
Supplier or any Supplier Agent; and (ii) this Agreement in no way establishes any exclusive
arrangement between Supplier and Advanta.

     3.3 Provision of Technology.

          a. Improved Technology. In providing the Services to Advanta, Supplier shall: (i) determine
the commercially reasonable least cost/highest benefit methods to implement technological changes;
(ii) maintain a level of technology, for technology provided by Supplier, that allows Advanta to
take advantage of technological advances in order to remain competitive in Advanta’s business and
the markets in which Advanta operates subject to Article 16; (iii) identify Improved Technology to
the Steering Committee for its evaluation in connection with the Services, and provide sufficient
information to enable the Steering Committee to conduct such evaluation; (iv) identify emerging
risks and threats to the security of Advanta’s Confidential Information or the performance of the
Services and identify technological, procedural or other solutions to protect against or mitigate
such risks and threats; and (v) meet with the program manager appointed by Advanta (the “Advanta
General Program Manager”), at Advanta’s request, to inform Advanta of any Improved Technology or
new information processing technology Supplier is developing, or information processing trends and
directions of which Supplier is otherwise aware, that could reasonably be expected to have an
impact on Advanta’s business. In the event there is a shift in the risks and threats faced by
Advanta or the technology used in Advanta’s business that affects or might reasonably affect the
Services, at Advanta’s request and to the extent such shift is not otherwise addressed in this
Agreement, the Parties shall negotiate in good faith to address the effect, if any, of such shift
on the Services and Fees.

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          b. New Supplier Technology. Without limiting any other provision of this Agreement, in the
event Supplier either: (i) develops Improved Technology or other technological advances or changes
to Supplier’s systems or software, and such technology, advances, or changes are used to provide
services to other Supplier customers that are receiving services that are the same or substantially
similar to the Services; or (ii) develops new or enhanced services, software, tools, products or
methodologies to be offered to such customers, Supplier shall, to the extent permitted by
Supplier’s contracts with such customers with respect to confidentiality and intellectual property
obligations: (A) offer Advanta the opportunity to gain from such new technologies at commercially
agreed terms pursuant to Article 16, after it has been tested; and (B) even if Advanta declines the
foregoing opportunity, offer Advanta such Improved Technology on mutually agreed terms.

     3.4 Knowledge Sharing. On forty-five (45) days advance written notice from Advanta, Supplier
shall: (a) explain to Advanta how the Services are being provided, and how the Services are going
to be, or are proposed to be, provided in the future; (b) explain to Advanta how the Systems
function and should be operated; and (c) provide to Advanta at Advanta’s cost such training and
documentation as may be necessary to enable Advanta and its designees to understand, operate, and
provide, as applicable, the Systems and Services during or after the Term.

     3.5 Information Technology Architecture-No Shared Environment. Prior to the SOW Effective
Date for the first Pilot, Advanta and Supplier will procure and implement the necessary technology,
including hardware, software and software licenses) to provide the Services in the SOWs set forth
in Attachment 3 and shall perform all other tasks to implement the information technology
architecture in accordance with Attachment 3, unless otherwise mutually agreed to by the Parties in
writing. It is agreed between the Parties that Pilots that commence prior to April 1, 2007 will be
running on a shared environment as set forth in Attachment 3. Supplier shall not migrate or
relocate any of the Services or any of Advanta’s Confidential Information to a shared hardware or
software environment without Advanta’s prior written approval, in its sole discretion, and if such
approval is granted, Supplier shall ensure the security of such Services and/or Advanta
Confidential Information.

     3.6 Allocation of Resources. In the event any Force Majeure Event or disaster causes Supplier
to allocate limited resources between or among Supplier, Supplier’s Affiliates and customers,
Advanta and the Service Recipients, and/or any third party, such allocation shall be as per the
agreed Disaster Recovery Plan as applicable as set forth in each SOW.

     3.7 Policy and Procedures Manuals.

          a. For each SOW, within no less than fifteen (15) days prior to the Launch Date for the
relevant Pilot SOW or SOW, unless the Parties agree to use Advanta’s existing policies and
procedures manual(s) in any instance, Supplier shall deliver to Advanta for review and comment a
draft policy and procedures manual that generally describes the activities Supplier proposes to
undertake in order to provide the Services set forth in the applicable SOW, including, where
appropriate, those direction, supervision, monitoring, quality assurance,

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staffing, reporting, planning, and oversight activities normally undertaken in connection with
services similar to such Services. Each draft policy and procedures manual shall include: (i) a
detailed description of how Supplier shall perform the applicable Services; (ii) a detailed
description of the Equipment and Software that will be used to provide the applicable Services;
(iii) further detailed information regarding the applicable Services, including operations manuals,
user guides, forms of Service Level reports, call lists, “root cause analysis” procedures,
escalation procedures, emergency procedures, and requests for approvals or information; and (iv)
any other items requested by Advanta. Advanta shall provide all necessary and reasonable support
and information to Supplier for Supplier for creation and finalization of the Policy and Procedures
Manual.

          b. Advanta shall review each draft policy and procedures manual and provide comments and
suggestions to Supplier, upon receipt of which the Parties shall discuss revision of the applicable
draft manual in accordance with Advanta’s comments and suggestions, and Parties shall then mutually
agree a revised draft. Advanta and Supplier shall repeat the foregoing review, comment, and
revision process until a draft policy and procedures manual has been mutually agreed that meets
Advanta’s requirements. The final policy and procedures manual for each SOW must be approved in
writing by Advanta and, when approved by Advanta in writing, shall be deemed the “Policy and
Procedures Manual” for such SOW and shall be attached thereto as SOW Attachment 1 (Policy and
Procedures Manual).

          c. Supplier shall update and revise each Policy and Procedures Manual throughout the Term to
reflect changes proposed by Advanta or changes in the Services and/or the policies, procedures, and
resources used to provide the Services; provided that (i) no update or revision to a Policy and
Procedures Manual shall be deemed incorporated into such Policy and Procedures Manual without
Advanta’s prior written approval, (ii) updates and revisions shall be subject to Article 16,
provided, however, that implementation of such updates and revisions shall be performed in
compliance with timetables required by applicable Laws.

          d. All drafts of each Policy and Procedures Manual, including each final Policy and Procedures
Manual, shall be deemed Advanta’s Confidential Information and property.

     3.8 Quality Assurance. To the extent not included in the Policies and Procedures Manual,
Supplier shall develop and implement quality assurance processes and procedures for each SOW to
ensure that each of the Services are performed in an accurate and timely manner and in accordance
with: (a) the terms and conditions of this Agreement; (b) the Service Levels set forth in the
applicable SOW; (c) the Advanta Regulatory Requirements; (d) General Industry Standards; and (e)
any additional quality assurance requirements set forth in the applicable SOW. To the extent
applicable, each set of quality assurance processes and procedures shall include, at a minimum,
remote monitoring capability to allow for Advanta’s remote, real time monitoring of calls handled
at Supplier’s Facilities. Each set of quality assurance processes and procedures may also include
call recording and monitoring, verification, checkpoint reviews, testing, acceptance, and other
procedures for Advanta to assure the quality and timeliness of Supplier’s and the Supplier Agents’
performance. Supplier shall submit each set of draft quality assurance

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processes and procedures to Advanta for its review, comment, and approval within fifteen (15)
days prior to the Launch Date for each Pilot SOW and SOW. Advanta shall thereafter review the
draft quality assurance processes and procedures and provide comments and suggestions to Supplier,
upon receipt of which Supplier shall promptly revise the such draft processes and procedures in
accordance with Advanta’s comments and suggestions and provide a further revised draft thereof to
Advanta for review and approval within fifteen (15) days after receipt of Advanta’s comments;
provided that Advanta and Supplier shall repeat the foregoing review, comment, and revision process
until Advanta approves such draft processes and procedures in writing. The final quality assurance
processes and procedures for each SOW must be approved in writing by Advanta and, upon Advanta’s
final approval, shall be incorporated into the then-current Policy and Procedures Manual for such
SOW. No failure or inability of any set of quality assurance processes or procedures to disclose
errors or problems with the Services shall excuse Supplier’s or any Supplier Agent’s failure to
comply with the applicable Service Levels or with any other terms or conditions of this Agreement.
Any additional requirements shall be addressed in accordance with Article 16.

4. SUPPLEMENTAL SERVICES AND CHANGES IN SCOPE.

     4.1 Supplemental Services.

          a. Generally. Advanta may, from time to time during the Term and in its sole discretion,
request that Supplier provide Supplemental Services. Any agreement of the Parties with respect to
Supplemental Services shall be specified in either (i) an amendment to the applicable SOW, which
amendment shall reference the matters and schedules listed in Section 3.1, to the extent applicable
or (ii) in a separate SOW. Supplier shall use reasonable efforts to provide any Supplemental
Service requested by Advanta.

          b. Requests and Proposals for Supplemental Services. Within fifteen (15) days following
Advanta’s request for any Supplemental Service, Supplier shall in good faith provide Advanta with a
draft SOW or SOW amendment corresponding to such Supplemental Service, along with an identification
of any potential risks regarding the Supplemental Service (such as potential disruptions to Advanta
or Service Recipient operations) and the actions that Supplier and/or Advanta would need to take in
order to mitigate and/or eliminate such risks. Advanta shall review such SOW or SOW amendment and
provide comments and suggestions to Supplier, upon receipt of which Supplier shall promptly revise
the draft SOW or SOW amendment to the extent agreed between the Parties in accordance with
Advanta’s comments and suggestions and provide a further revised draft of the SOW or SOW amendment
to Advanta for review and approval within fifteen (15) days after receipt of Advanta’s comments;
provided that Advanta and Supplier shall repeat the foregoing review, comment, and revision process
until Advanta deems that the draft SOW or SOW amendment meets Advanta’s requirements and Advanta
accepts in writing, in its sole discretion, such draft SOW or SOW amendment.

          c. Advanta Acceptance Required. Notwithstanding any other provision of this Agreement,
Supplier shall not begin performing any Supplemental Services, and Advanta shall not be obligated
to pay for any Supplemental Services, until Advanta has accepted the

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terms and conditions of such Supplemental Service in writing in accordance with Section
4.1(b), upon which acceptance and subject to Supplier’s written agreement to the same, such
Supplemental Services shall be deemed part of the Services hereunder and shall be subject to the
terms and conditions of this Agreement and of the applicable SOW.

     4.2 Increases or Reductions in Scope.

          a. Advanta may, upon Notice to Supplier, request increases or reductions in the scope of any
or all Services (including any Services to be provided under a particular SOW(s)) beyond any range
that may be set forth in a SOW. Upon receiving such Notice, Supplier shall consider Advanta’s
increase-in-scope or reduction-in-scope request in good faith and shall submit to Advanta a
change-in-scope proposal within ten (10) business days or such extended period as mutually agreed
(such proposal, a “Change-in-Scope Proposal”), which Change-in-Scope Proposal shall outline in
sufficient detail the tasks to be performed to accomplish such proposed increases or reductions in
the scope and the changes in Fees or other charges, if any, that will arise therefrom. Advanta, in
its sole discretion, reserves the right to accept, modify, or reject any or all Change-in-Scope
Proposals received from Supplier. Unless and until Advanta has accepted the terms and conditions
of a Change-in-Scope Proposal in writing and Supplier has agreed to the same, the increase-in-scope
or reduction-in-scope request and the Change-in-Scope Proposal shall not bind either Party and
neither Party shall have any obligation to the other Party under such increase-in-scope or
reduction-in-scope request or Change-in-Scope Proposal.

          b. The Operating Committee shall determine the resources that will change in order to provide
the Services in light of such Change-in-Scope Proposal and the Parties will determine, in
accordance with the applicable formula(s) set forth in the Fee Schedule in Attachment 8 and in the
applicable SOW, the costs (including appropriate indirect and overhead costs) that shall be changed
as and when the Change-in-Scope Proposal is implemented.

          c. Immediately upon the Parties’ agreement as to any Change-in Scope Proposal, Supplier shall
proceed to implement the Change-in-Scope Proposal as quickly as feasible, but in no event later
than three (3) months from the date of such agreement, or as otherwise mutually agreed. As, when,
and to the extent the Change-in-Scope Proposal is implemented, the applicable Fees payable
hereunder shall be adjusted in accordance with the Change-in-Scope Proposal.

          d. If within sixty (60) days following Supplier’s receipt of a Change-in-Scope Proposal from
Advanta, the Parties have not agreed upon the changes to resources and Fees in accordance with the
terms and conditions of this Section 4.2, then at the initiative of either Party the issue shall be
resolved in accordance with the dispute resolution procedures set forth in Article 28.

5. SERVICE LEVELS AND PERFORMANCE STANDARDS.

     5.1 Generally. Unless otherwise specified in a particular SOW, Supplier’s performance of the
Services shall be measured based on service levels as described in

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Attachment 4 and as set forth under the applicable SOW and otherwise under this Agreement (the
“Service Levels”). Supplier shall perform all Services with promptness and diligence, in a
workmanlike manner, and in accordance with the Service Levels. Advanta may establish new Service
Levels at any time, provided, that in the event appropriate metrics do not exist for the new
Service Levels requested by Advanta, the Parties shall: (a) adopt Service Level metrics based on
Advanta’s most recent twelve (12) month historical performance in the United States, (b) adopt
Service Level metrics based on the most recent twelve (12) month historical performance of
Supplier, if Supplier has performed the new Service Levels for Advanta for a twelve (12) month
period; or (c) if no historical Advanta or Supplier twelve (12) month performance metrics are
available for the new Service Levels, then the Parties shall look to Payment Card Industry
Standards to set Service Level metrics. If a new Service Level is added without available
historical Advanta or Supplier performance metrics, after a ninety (90) day evaluation period, the
Operating Committee shall review the application of the new Service Level metric and implement
mutually agreed adjustments. The Parties shall review such new Service Level metrics on a
quarterly basis and implement revisions as mutually agreed.

     5.2 Measurement and Monitoring Tools. Supplier shall implement and use such measurement and
monitoring tools and procedures as necessary to measure and report Supplier’s performance of the
Services against applicable Service Levels at a level of reasonable detail acceptable to Advanta
and sufficient for Advanta to verify compliance with the Service Levels. Supplier shall provide
Advanta with access to such measurement and monitoring tools and procedures upon Advanta’s request.
Supplier acknowledges and agrees that all fees or other charges for such measurement and
monitoring tools and the resource utilization associated with their use have been included in the
Fees set forth in the applicable SOW.

     5.3 Continuous Improvement; Periodic Reviews and Guaranteed Productivity Improvements.

          a. Supplier shall: (i) continuously identify reasonable ways to improve the level and
efficiency and reduce the cost of Services delivered hereunder through process reengineering,
technical improvement or otherwise; (ii) identify to the Operating Committee and, subject to the
Operating Committee’s prior written approval, apply to the Services proven techniques and tools
from other Supplier projects that would benefit Advanta either operationally or financially in
relation to this Agreement; and (iii) adopt techniques and tools applicable to the Services as
reasonably requested by the Operating Committee.

          b. Supplier acknowledges that the quality of the Services can and will be improved during the
Term, and that the Service Levels shall be enhanced periodically in recognition of such anticipated
improvement. Beginning within three (3) months after the first SOW Effective Date and, thereafter,
at least annually, the Operating Committee shall periodically: (i) review the Service Levels and
the performance data collected and reported by Supplier hereunder; (ii) modify the Service Levels
to reflect (A) the higher performance levels actually attained by Supplier, (B) any improved
performance capabilities associated with advances in the technologies and methods available to
Supplier and (C) Payment Card Industry Standards and (iii) to the extent deemed reasonable and
appropriate by the Parties, add new

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Service Levels to permit further measurement or monitoring of the accuracy, quality,
completeness, timeliness, responsiveness, cost-effectiveness, and/or productivity of the Services.
To the extent new Service Levels are added by the Operating Committee, in the event appropriate
metrics do not exist for the new Service Levels the Operating Committee shall: (a) adopt Service
Level metrics based on Advanta’s most recent twelve (12) month historical performance in the United
States, (b) adopt Service Level metrics based on the most recent twelve (12) month historical
performance of Supplier, if Supplier has performed the new Service Level for Advanta for a twelve
(12) month period; or (c) if no historical Advanta or Supplier twelve (12) month performance
metrics are available for the new Service Levels, then the Operating Committee shall look to
Payment Card Industry Standards to set Service Level metrics. If a new Service Level is added
without available historical Advanta or Supplier performance metrics, after a ninety (90) day
evaluation period, the Operating Committee shall review the application of the new Service Level
metric and implement mutually agreed adjustments. Supplier shall improve the quality of the
Services to meet or exceed the enhanced Service Levels described in this Section 5.3, at no
additional charge to Advanta, unless agreed otherwise.

          c. Supplier guarantees Advanta cumulative productivity improvements over the Initial Term of
****** measured as set forth in Attachment 8 (“Guaranteed Productivity Improvements”). The Parties
agree that the benefits of productivity improvements during the Initial Term in excess of the
Guaranteed Productivity Improvements shall be shared between Advanta and Supplier in accordance
with the procedures set forth in Attachment 8, or as otherwise agreed to by the Parties in writing:

               i. At any time during the Initial Term, if Supplier believes that its cost of providing
the
Services under the Customer Service and Collections SOWs, respectively, can be reduced due to
Supplier’s continuous improvements in the level and efficiency of performance of the Services
through process reengineering, technical improvement or otherwise, Supplier shall prepare a written
proposal to Advanta describing and quantifying such projected cost reductions and improvements in
the level and efficiency of performance gains and setting forth a suggested metric or methodology
for calculating the gains (an “Improvement Proposal”).

               ii. If Advanta approves an Improvement Proposal, after ninety (90) days have
elapsed from the
date of implementation of the approved Improvement Proposal, the Operations Committee shall
evaluate and verify actual productivity improvements against Supplier’s forecasted gains included
in the Improvement Proposal using the approved metric or as otherwise agreed. In the event the
Operations Committee identifies and quantifies productivity improvements that have been achieved,
the reduction in Fees shall be separately listed on Supplier’s monthly invoice as achieved
productivity improvements for Advanta.

               iii. Every ninety (90) days, the Operations Committee shall review Supplier’s
performance and
determine whether the productivity improvements under each approved Improvement Proposal have
continued and whether the Guaranteed Productivity Improvements has been achieved. The Operations
Committee will track the continued quantified

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productivity improvements reflected in a reduction of Fees and adjust Supplier’s performance
record as appropriate to reflect reductions in net productivity improvements as appropriate. The
cumulative quantified productivity improvements from all Improvement Proposals will continue to be
separately listed on Supplier’s monthly invoice as achieved productivity improvements for Advanta.
Once the cumulative productivity improvements have equaled the Guaranteed Productivity
Improvements, Advanta shall share continued productivity improvements that are tracked and verified
by the Operations Committee for the remainder of the Term as set forth in Attachment 8.

     5.4 Failure to Perform.

          a. ******. Supplier agrees that if Supplier fails to meet any Key Service Level in any SOW,
****** in accordance with Attachment 4 and the applicable SOW in recognition of the diminished
value of the Services resulting from such failure ******. Supplier acknowledges and agrees that
such ****** shall not be deemed to limit any other remedy to which Advanta may be entitled
hereunder or otherwise, whether at law, in equity, or otherwise, including termination. Supplier
****** under an SOW ****** if Supplier ******: for any Service Level that Supplier fails to meet
******, Supplier ****** for that Service Level for ******.

          b. Service Level Failure. If Supplier fails to meet any of the Service Levels in any SOW,
Supplier shall immediately: (i) notify Advanta of such failure; (ii) perform a root cause analysis
for such failure in order to identify the cause of such failure; (iii) provide Advanta with a
report detailing the cause of, and a procedure for rapidly correcting, such failure; (iv) advise
Advanta of the status of remedial efforts being undertaken with respect to such problems; (v)
correct the failure and begin meeting the applicable Service Levels; and (vi) take appropriate
preventive measures so that the Service Level failure and its underlying causes do not recur.
Advanta shall be permitted to audit Supplier to determine whether appropriate preventive measures
have been implemented and are effective.

6. TRANSITION.

As part of the Services and at Advanta’s request, Supplier shall provide all services required to
smoothly transition any Advanta-provided or Service Recipient-provided services to Supplier,
including by providing all services necessary to implement the transition plans and any other
related services (such transition services, the “Transition Services”). The Transition Services
shall be deemed to include the provision of any Equipment and Software (subject to Article 19
hereof) used to effect such transition, as may be set forth in any applicable SOW or otherwise
communicated in writing by Advanta to Supplier. All Transition Services shall take place in the
time frames set forth in the applicable SOW and the Transition Fees for such Transition Services
shall be as set forth in Attachment 5 (Transition Services and Fees) and as otherwise set forth in
the applicable SOW.

7. MANAGEMENT AND GOVERNANCE.

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     7.1 Operating Committee. The day-to-day management of the Services, including management of
the technical operations supporting the Services, shall be undertaken by an operating committee
(the “Operating Committee”), comprised of at least six (6) members, an equal number of which shall
be appointed by each of Advanta and Supplier. At least one (1) of the Supplier-appointed members
of the Operating Committee shall devote substantially all of their business time to the management
duties of the Services; initially, such individual shall be ******. In the event a member of the
Operating Committee is to be replaced, such replacement shall be made by the Party whose employee
is to be replaced. Prior to Supplier making such replacement, Supplier shall consult in good faith
with Advanta on such matter. In the event Advanta raises any concerns as to the performance of a
member of the Operating Committee appointed by Supplier, Supplier shall, subject to requirements of
Laws, react appropriately to alleviate such concerns. The Operating Committee shall have no power
to amend this Agreement.

     7.2 Steering Committee. The ongoing operations of the Services shall be overseen by a
steering committee (the “Steering Committee”), comprised of at least three (3) members appointed by
Advanta and three (3) members appointed by Supplier. The Steering Committee shall be responsible
for strategic direction and oversight for the Services, including: (i) addressing disputes that
arise hereunder; (ii) overseeing the financial performance of the Services; (iii) addressing
strategic improvements to technology used to provide the Services; (iv) addressing continuous
improvement of the Services; (v) addressing adjustments in the scope of the Services; and (vi)
reviewing all other matters that the Parties agree should be reviewed by the Steering Committee.
The initial Advanta members of the Steering Committee shall be ******. The initial Supplier
members of the Steering Committee shall be ******. In the event a member of the Steering Committee
is to be replaced, such replacement shall be made by the Party whose employee is to be replaced;
provided, however, that any replacement member of the Steering Committee shall have at least
substantially the same qualifications of the member that is replaced and, prior to making such
replacement, such Party shall consult in good faith with the other Party on such matter. In the
event a Party raises any concerns as to the performance of a member of the Steering Committee
appointed by the other Party, the other Party shall, subject to requirements of Laws, react
appropriately to alleviate such concerns. The Steering Committee shall meet from time to time as
its members consider necessary, but in no event less than once per quarter. Meetings may be held
in person or wholly or partly by way of telephone or video conference; provided that the Steering
Committee conduct at least one in-person meeting annually. In addition, representatives of the
Parties shall meet periodically throughout the Term, or as requested by Advanta, to discuss matters
arising under this Agreement. For each Steering Committee meeting, upon Advanta’s request,
Supplier shall prepare and distribute an agenda (including any topics designated by Advanta) in
advance of such meeting to all anticipated participants, and shall record and promptly distribute
minutes for such meeting for review and approval by Advanta.

     7.3 Program Specific Managers and Contact Persons. Each of Advanta and Supplier shall
designate the following Program specific managers and contact persons:

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          a. General Program Manager. A General Program Manager charged with general oversight
responsibility of the Services, who shall serve as the principal point of contact for each Party
with respect to overall Services issues and who shall attend meetings of the Steering Committee
(each a “General Program Manager”). Each General Program Manager shall: (i) have overall
responsibility for managing and coordinating the performance hereunder of the Party that appointed
him or her; (ii) be authorized to act for and on behalf of such Party under this Agreement; and
(iii) be responsible for attempting to resolve disputes concerning this Agreement in accordance
with the dispute resolution procedures set forth in Article 28. The General Program Manager
appointed by Supplier (the “Supplier General Program Manager”) shall be subject to Advanta’s prior
written approval, shall serve as Supplier’s single point of contact and accountability for Advanta
in regard to the Services and this Agreement, shall be dedicated full time to the provision of the
Services hereunder, and shall be stationed during the Term at Supplier’s Facilities where the
Services are being performed, initially Hyderabad, India. Advanta shall have a meaningful
opportunity to provide information to Supplier with respect to Advanta’s evaluation of the
performance of the Supplier General Program Manager.

          b. Additional Persons. Such additional persons as the Steering Committee deems appropriate to
serve as the point of contact for each of Advanta and Supplier with respect to other specific
subject areas, including customer dispute resolution, complaints, fraud and anti-money laundering.

8. SUPPLIER OFFICE SPACE AND FACILITIES.

     8.1 Office Space. Supplier shall provide to Advanta, without additional charge, furnished
office space (together with power, air conditioning, telephone, network, and other utilities) at
any Supplier Facility for the use of the Advanta General Program Manager and his or her designees
when visiting such Supplier Facility in relation to this Agreement. Advanta shall comply with all
policies and procedures provided to Advanta in writing in advance that govern access to and use of
such Supplier Facilities.

     8.2 Supplier Facilities. The following terms and conditions shall apply to any Supplier
Facilities and any Services provided therein or therefrom:

          a. Supplier shall manage and maintain in good working order the building and property
electrical systems, water, sewer, lights, heating, ventilation and air conditioning systems (i.e.,
HVAC), physical security services, and general custodial/landscape services. As between the
Parties, Supplier shall be responsible for the costs of applicable leases and related leasehold
improvements with respect to the Supplier Facilities.

          b. Except with respect to Pilots and as otherwise set forth in the SOWs, Supplier shall
maintain segregated space dedicated solely to Advanta sufficient to provide the Services in each
Supplier Facility used under this Agreement. Supplier shall maintain a logically and physically
isolated network for Advanta in accordance with the Advanta Data Security Standards. In no event
shall Supplier provide any Services from a space in a Supplier Facility that is shared with any
third party unless Supplier receives the prior written consent of Advanta, which Advanta may
withhold in its sole discretion. Advanta shall be permitted to audit

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Supplier’s compliance with this Section 8.2 upon written Notice to Supplier at any time during
the Term.

          c. Supplier shall be solely responsible and liable for any damage to the Supplier Facilities.

          d. Supplier shall, and shall cause the Supplier Agents to: (i) keep the Supplier Facilities
in good order; and (ii) not use such facilities for any purpose, or act, in violation of any Laws
or Card Association Rules.

          e. Supplier shall, and shall cause the Supplier Agents to, immediately inform Advanta of any
breaches in security or potential breaches in security at any of the Supplier Facilities that have
compromised or could compromise the Services in any way, including by compromising the security of
Advanta’s Confidential Information. Supplier shall be fully responsible and liable to Advanta for
any and all such security breaches and any loss or damage arising therefrom or related thereto.

          f. Supplier shall not change the location of Supplier Facilities without Advanta’s prior
written consent.

     8.3 Advanta Facilities. In the event that Supplier or any Supplier Agents performs any
Services at any Advanta Facilities, Supplier agrees to comply with and shall cause such Supplier
Agents to comply with all security, confidentiality, safety and health policies of Advanta that
have been communicated to Supplier or Supplier Agents. Supplier shall take all necessary
precautions to prevent, and shall be responsible for, any injury to any persons (including
employees of Advanta) or damage to property (including Advanta’s property) arising from or relating
to Supplier’s or Supplier Agents’ performance of the Services or the use by Supplier or Supplier
Agents of any Advanta equipment, tools, facility or other property.

     8.4 Safety and Security. Except as otherwise expressly provided herein, Supplier shall, and
shall cause the Supplier Agents to, maintain and enforce at any Supplier Facilities used to provide
the Services safety and security procedures that are at least equal in scope and stringency to
safety and security procedures for such facilities required by the Advanta Data Security Standards,
provided, however, that in Physical Access Control (General Facility) Supplier shall provide
security guards 24 hours a day/7 days a week during the Pilot Period in lieu of proximity cards,
combination locks and other devices; and all visitors must be preapproved by Advanta, except for
Supplier employees and Supplier-approved vendors and subcontractors. In particular, Supplier
shall, and shall cause the Supplier Agents to, maintain logical and physical security and safety
procedures for Advanta’s Confidential Information, which safety and security procedures shall
protect Advanta Confidential Information from: (i) unauthorized access, (ii) theft including theft
of Advanta Confidential Information by employees of Supplier or Supplier Agents, (iii) dishonest
misappropriation of Advanta Confidential Information by Supplier or Supplier Agents or their
respective employees, (iv) fraudulent or dishonest disposal of Advanta Confidential Information by
Supplier or Supplier Agents or their respective employees, (v) fraudulent or dishonest inducement
for delivery or retention of Advanta Confidential Information by Supplier or Supplier Agents or
their respective employees,

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(vi) dishonest or fraudulent removal or concealment of Advanta Confidential Information by
Supplier or Supplier Agents or their respective employees, (vii) damages to any computer, computer
system or computer network, computer data base containing Advanta Confidential Information by
Supplier or Supplier Agents or their respective employees, and (ix) hacking with computer systems
containing Advanta Confidential Information by Supplier or Supplier Agents or their respective
employees. Supplier shall be fully responsible and liable to Advanta for any and all breaches of
this Section 8.4 and any loss or damage arising therefrom or related thereto.

9. EQUIPMENT AND SOFTWARE.

     9.1 Dedicated Network Equipment and Software. Supplier shall purchase certain network
Equipment and license certain network Software, as specified in Attachment 6, which Equipment and
Software shall be dedicated to Advanta and used exclusively to perform the Services (the “Dedicated
Equipment and Software”). Supplier shall be responsible for configuring, installing, testing,
implementing and maintaining the Dedicated Equipment and Software at Advanta’s direction. Supplier
shall pay the purchase price and license and maintenance fees for the Dedicated Equipment and
Software, which shall be passed through to Advanta at Supplier’s ******. Supplier shall monitor
and control access, both physical and logical to the Dedicated Equipment and Software at all times
so as to prevent any unauthorized access or use. From time to time, at Advanta’s direction and at
Advanta’s cost, Supplier shall change, modify, upgrade and/or replace the Dedicated Equipment and
Software. If Supplier believes that such a change, modification, upgrade or replacement is
necessary or desirable, Supplier shall promptly notify Advanta and inform Advanta of the cost of
the proposed action and any impact thereof on the Services, but shall take no action without
Advanta’s prior written consent. Upon Advanta’s approval of such action, Supplier shall install,
configure, test, implement and maintain the change, modification, upgrade or replacement and shall
pass any additional purchase price and/or license or maintenance fees through to Advanta at
Supplier’s ******. Any Loss caused due to non-occurrence of the change, modification, upgrade or
replacement due to Advanta’s refusal shall not be to the account of Supplier.

     9.2 Supplier-Provided Equipment. If requested by Advanta and subject to Article 16, Supplier
shall supply or acquire new computing, processing, telecommunications, and other equipment,
hardware, and associated attachments, features, accessories and peripheral devices (including
storage devices and printers), as necessary or appropriate to provide the Services. Such new
equipment and materials, collectively with any equipment that is designated in the applicable SOW
as “Supplier-Provided,” shall be deemed the “Supplier-Provided Equipment” for purposes of this
Agreement. Supplier shall acquire all Supplier-Provided Equipment, solely from reputable
manufacturers of such products. Unless otherwise requested by Advanta, all Supplier-Provided
Equipment shall be purchased or leased in the name of the Supplier.

     9.3 Software Currency.

          a. Currency of Software. Subject to Advanta’s prior written approval, Supplier shall
maintain, in accordance with Supplier’s internal policies and the Policies and Procedures Manuals,
reasonable currency for all Software (including the Core Software) and

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shall provide “help desk” and other support for all new releases and versions of the Software.
For purposes of this Section 9.3, “reasonable currency” shall mean that, unless otherwise directed
by Advanta: (i) Supplier shall maintain the Software within one Major Release of the then-current
Major Release; and (ii) Supplier shall install Minor Releases promptly upon their availability.

          b. Release Testing. Prior to installing any Major Release or Minor Release, Supplier shall
confer with Advanta and shall evaluate and test such Major Release or Minor Release to verify that
such release: (i) will perform in accordance with this Agreement and the architectures and
standards established by Advanta; (ii) will not increase Advanta’s total cost of receiving the
Services; (iii) will not require any material changes to Advanta’s systems, software, or equipment;
and (iv) will not adversely impact the functionality, interoperability, performance, or resource
efficiency of the Services. Such evaluation and testing shall be at least as rigorous and
comprehensive as the evaluation and testing usually performed by highly qualified outsourcing
service providers under such circumstances and shall be subject to the oversight and direction of
the Operating Committee. Supplier shall provide Advanta with all results of such testing and
evaluation, which results shall be deemed Advanta’s Confidential Information and property.
Notwithstanding the foregoing, Supplier shall not install any Major Release or Minor Release if
directed not to do so in writing by Advanta.

          c. Other Terms. Advanta and the Service Recipients shall have the right, but not the
obligation, to install new releases of, replace, or make other changes to any Advanta-Provided
Software or other Software for which Advanta is financially responsible hereunder with reasonable
notice to Supplier to allow for changes as necessitated by installation of new releases,
replacements or changes in any Advanta-Provided Software but without any requirement for Supplier’s
consent.

10. REQUIRED CONSENTS.

Supplier shall obtain and maintain, and shall pay all costs (including transfer, re-licensing, and
termination fees and expenses) related to obtaining and maintaining the Required Consents; except
that Advanta shall obtain and maintain and shall pay all costs (including transfer, re-licensing,
and termination fees and expenses) related to the Required Consents for the Advanta-Provided Third
Party Software set forth on Attachment 7 (Advanta-Provided Third Party Software). In the event a
Required Consent is not obtained, then, unless and until such Required Consent is obtained,
Supplier shall determine and adopt, subject to Advanta’s prior written approval, such alternative
means as are necessary and sufficient to provide the Services without such Required Consent and
without causing Advanta or Supplier to violate any Laws or Card Association Rules. ******.

11. REPORTS AND FORECASTING.

     11.1 Reports. The reports to be issued by Supplier to Advanta in connection with each SOW
shall be set forth in an attachment to such SOW (SOW Attachment 3 (Reports)). All such reports
shall, except as otherwise agreed in writing by the Parties or as otherwise set forth in the
applicable SOW, be issued at the frequency requested by Advanta, and shall be in a format

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agreed between the Parties. All such reports shall be securely “web-enabled” by Supplier
(i.e., shall be accessible to applicable Advanta employees and agents via a secure connection to
the World Wide Web) throughout the Term starting sixty (60) days after the end of the Pilot Period
for each SOW. Such reports shall include a monthly Supplier performance report, which shall be
delivered to Advanta within ten (10) business days after the end of each calendar month (commencing
with the month during which the SOW Effective Date falls), describing Supplier’s performance of the
Services in the preceding month (the “Monthly Performance Report”). Each Monthly Performance
Report shall: (a) separately address Supplier’s performance in each area of the Services; (b) for
each area of the Services, assess the degree to which Supplier has attained or failed to attain the
Service Levels and other objectives in that area; (c) explain deviations from the Service Levels
and other objectives, and include a plan for corrective action where appropriate; (d) describe the
status of applications development projects (if any), problem resolution efforts, and other
initiatives; (e) set forth a record of changes to all applicable Equipment, Software, and
personnel, and describe planned changes during the upcoming month that may affect the Services; (f)
set forth the utilization of resources for the month and report on utilization trends and
statistics; and (g) include such documentation and other information as Advanta may request to
verify compliance with this Agreement.

     11.2 Financial, Forecasting, and Budgeting Support. Each SOW shall set forth the forecasting
to be issued by Advanta to Supplier in connection with such SOW. Advanta may modify the
forecasting to be issued pursuant to each SOW in its sole discretion. Supplier agrees that: (a)
all such forecasts are estimates and shall not be considered a guarantee of volumes; (b) the actual
information related to such forecasts is subject to variation; and (c) Advanta shall have no
liability whatsoever in connection with such forecasts or variations except for adjustments to the
Fees as set forth in Attachment 8). On a monthly basis (or more frequently if requested by
Advanta), Supplier shall provide information to Advanta regarding opportunities if any to modify or
improve the Services and/or to reduce the Fees and/or total cost to Advanta of receiving the
Services.

12. FEES, CHARGES, AND EXPENSES.

     12.1 Fees, Costs and Expenses. All fees payable to Supplier under this Agreement (the “Fees”)
for the Services and any Deliverables hereunder are set forth in Attachment 8 and, with respect to
Transition Fees, Attachment 5, unless otherwise set forth in a SOW. The Fees may be adjusted based
on ****** as set forth in Attachment 8. All Fees and Transition Fees, costs and expenses shall be
calculated and paid in US dollars. Beginning eighteen (18) months after the Effective Date,
Advanta may elect to pay the Fees on a ****** instead of a ****** for individual processes at rates
mutually agreed upon in writing by Advanta and Supplier. Advanta shall not be required to pay
Supplier any amounts for the Services other than those payable under this Section 12.1 and the
applicable SOW. Any Fees and Transition Fees that constitute charges by third parties to Supplier
which are permitted by this Agreement to be passed through to Advanta hereunder shall be passed
through to Advanta ******. Periodic charges under this Agreement are to be calculated on a
calendar month basis, and shall be prorated for any partial month. Except as expressly set forth
in this Agreement, all costs and expenses that Supplier or Supplier Agents shall incur in providing
the Services have been included in the Fees and

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Transition Fees set forth herein and in the applicable SOW, and no additional costs or
expenses shall be reimbursed or reimbursable by Advanta unless specifically agreed to by Advanta in
advance in writing. If Advanta agrees to any such reimbursement, such reimbursement shall be in
accordance with Advanta’s standard expense policy as may be modified from time to time.

     12.2 Invoicing. On or before the fifteenth (15th) day of each month during the
Term, Supplier shall invoice Advanta for the Services performed in accordance with this Agreement
during the previous month. Supplier invoices shall be itemized as designated by Advanta, and shall
include the calculations utilized to establish the charges. Supplier shall render a single invoice
to Advanta with the charges sorted by SOW showing such details as reasonably specified by Advanta
or as necessary to satisfy Advanta’s internal accounting and chargeback requirements (such as
allocating charges among locations, and departments). Such invoice shall separately state the
amounts of taxes, if any, Supplier is collecting from Advanta, and applicable taxes owed by
Advanta, if any, by tax jurisdiction.

     12.3 Payment. Subject to the other provisions of this Article 12, undisputed invoices
properly submitted to Advanta pursuant to this Agreement shall be due and payable by Advanta within
thirty (30) days after receipt thereof and any overdue payments shall be payable with interest of
LIBOR+150 basis points.

     12.4 Credits, Refundable Items, Reimbursable Items, and Set-Off.

          a. Credits. To the extent a credit may be due Advanta pursuant to this Agreement, Supplier
shall provide Advanta with an appropriate credit against amounts then due and owing; if no further
payments are due to Supplier under an applicable SOW, Supplier shall pay such amounts to Advanta
within thirty (30) days following the credit becoming due.

          b. Reimbursable Items. Without limiting any other provision of this Agreement, Supplier shall
pay, or promptly reimburse Advanta at Advanta’s request, for any third party vendor fees, charges,
or costs arising out of or related to: (i) Supplier’s or any Supplier Agent’s improper use of the
Equipment or Software; or (ii) Supplier’s or any Supplier Agent’s interaction with any third party
vendor for purposes of providing support or maintenance to correct an error or problem with the
Software or Equipment, when such third party vendor is not responsible for, or its product is not a
cause of, such error or problem.

          c. Set-Off. With respect to any amount to be paid by Advanta hereunder, Advanta may set-off
against such amount any amount that Supplier is obligated to pay to Advanta or for which Supplier
is required to reimburse Advanta hereunder.

     12.5 Recurring Costs. If general conditions or technology changes materially reduce
Supplier’s recurring costs in providing the Services, Supplier shall renegotiate with Advanta to
share those net reduced costs with Advanta.

     12.6 Pass-Through and Incidental Expenses.

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          a. Pass-Through Expenses. “Pass-Through Expenses” are charges to be paid either directly by
Advanta, or through Supplier on an “out-of-pocket expense” basis. Pass —Through Expenses shall
include the costs for the Supplier purchased Dedicated Equipment and Software set forth on
Attachment 6 and the costs for travel and hospitality services Supplier will be providing Advanta
employees visiting India, such as transportation to and from the airport, hotel and Supplier
facilities, supplying a cell phone with international calling service to the US, hotel
accommodations and emergency medical care. Any other Pass-Through Expenses shall be set forth in
each SOW or otherwise approved in advance and in writing by Advanta.

               i. If the Parties agree that a particular Pass-Through Expense is to be paid by Advanta
directly, Supplier shall promptly provide Advanta with the original third-party invoice for such
expense together with a confirmatory statement that Supplier has reviewed the invoiced charges and
made a good faith determination of which charges are proper and valid and should be paid by
Advanta.

               ii. For all Pass-Through Expenses not paid by Advanta directly, Supplier shall:
(A) review
the invoiced charges and make a good faith determination of which charges are proper and valid and
should be paid; (B) provide Advanta with a reasonable opportunity to review the invoice to confirm
Supplier’s determination; and (C) upon receipt of Advanta’s written notice that the charges are
acceptable, pay the amounts due and invoice Advanta therefore in accordance with the terms and
conditions hereof.

          b. Minimization of Pass-Through Expenses. Supplier shall use reasonable efforts to minimize
all Pass-Through Expenses. Without limiting any other provision of this Agreement, with respect to
any services or materials paid for on a Pass-Through Expense basis Advanta reserves the right to:
(i) obtain such services or materials directly from a third party; (ii) designate the third party
source for such services or materials; (iii) designate the particular services or materials (e.g.,
equipment make and model) that Supplier shall obtain; (iv) require Supplier to identify and
consider multiple sources for such services or materials or to conduct a competitive procurement;
and (v) review and approve the Pass-Through Expenses for such services or materials prior to
Supplier entering into any agreement for such services or materials.

          c. Incidental Expenses. Supplier acknowledges and agrees that, except as otherwise provided
in this Agreement: (i) expenses that are expected to be incurred in performing the Services
(including, e.g., local travel and lodging in India for Supplier employees, and routine document
reproduction and shipping internal between Advanta and Supplier, and routine long-distance
telephone internal between Advanta and Supplier) are already included in the Fees; and (ii)
therefore, such Supplier or Supplier Agent expenses shall not be separately reimbursable by or
invoiced to Advanta hereunder. Notwithstanding the foregoing, travel and lodging expenses for
Transition Services shall be paid by Advanta in accordance with Attachment 5.

     12.7 Disputed Payments. Advanta may withhold payment of any invoice or portion thereof that
Advanta disputes in good faith. If an invoice includes both disputed and undisputed charges,
Advanta shall pay all undisputed items in accordance with this Article 12 and the

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applicable SOW, and may withhold payment of the disputed charges in accordance with this
Section 12.7. If Advanta has already paid a disputed charge (i.e., if Advanta elects, after paying
a particular charge, to dispute the charge), Advanta may set-off the disputed charge against other
charges owed by Advanta hereunder. Advanta shall notify Supplier in writing on or before the date
that any amount is so withheld (whether in respect of a dispute on a current invoice or as a
set-off) and describe, in reasonable detail, the reason for such withholding. Advanta and Supplier
shall diligently pursue an expedited resolution of such dispute in accordance with the dispute
resolution procedures set forth in Article 28. Neither the failure to dispute any Fees or amounts
prior to payment nor the failure to withhold any amount shall constitute, operate, or be construed
as a waiver of any right Advanta may otherwise have to dispute any Fee or amount or recover any
amount previously paid.

     12.8 Accountability. Supplier shall maintain, and shall cause the Supplier Agents to maintain
complete and accurate records of and supporting documentation for the amounts billable to and
payments made by Advanta hereunder, in accordance with generally accepted accounting principles in
the United States applied on a consistent basis. Supplier agrees to provide Advanta with
documentation and other information with respect to each invoice as may be reasonably requested by
Advanta to verify accuracy and compliance with the provisions of this Agreement. Advanta and its
authorized agents and representatives shall be granted access to such records by Supplier for
purposes of audit during normal business hours during the Term and during any additional period for
which Supplier is required to maintain such records.

     12.9 Cost Reductions. From time to time, Advanta may request that the Parties work together
through the Steering Committee to identify ways to achieve reductions in the cost of service
delivery and corresponding reductions in the Fees to be paid by Advanta, by modifying or reducing
the nature or scope of the Services to be performed by Supplier, the applicable Service Levels, or
other contract requirements. If requested by Advanta, Supplier shall promptly prepare and present
to the Steering Committee a detailed proposal identifying all viable means of achieving the desired
reductions without adversely impacting business objectives or requirements identified by Advanta.
In preparing such a proposal, Supplier shall give due consideration to any means of achieving such
reductions proposed by Advanta. The Steering Committee shall not be obligated to accept or
implement any such proposal, and Supplier shall not be obligated to implement any change that
affects the terms of this Agreement, unless and until such change is reflected in a written
amendment to this Agreement.

13. TAXES.

The Parties’ respective responsibilities for taxes arising under or in connection with this
Agreement shall be as follows:

     13.1 Personal Property; Franchise; Income. Each Party shall be responsible for any personal
property taxes on property it owns or leases, for franchise and privilege taxes on its business,
and for taxes, surcharges or cesses based on its net income or gross receipts.

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     13.2 Sales and Use. Supplier shall be responsible for any import, export, sales, use, excise,
value-added, services, consumption, and other taxes, surcharges, cesses, fees, levies and duties,
including those imposed by Indian Governmental Authorities, payable by Supplier on any goods or
services used or consumed by Supplier in providing the Services where the tax is imposed on
Supplier’s acquisition or use of such goods or services and the amount of tax is measured by
Supplier’s costs in acquiring such goods or services. Supplier shall also be responsible for any
import, export, sales, use, excise, value-added, services, or consumption tax and other taxes,
surcharges, cesses, fees, levies and duties, including those imposed by Indian Governmental
Authorities, that are assessed on the provision of the Services as a whole, or on any particular
Service(s) or parts thereof by the jurisdictions from which Supplier is providing such Services.
Advanta shall be responsible for any import, export, sales, use excise, value-added, services or
consumption tax imposed by any jurisdiction in which Advanta is located or otherwise receives the
Services, including without limitation such taxes imposed with respect to Services performed onsite
at Advanta facilities. In the event that any new import, export, sales, use, excise, value added,
services, consumption, or other taxes, surcharges, cesses, fees, levies and duties, including those
imposed by Indian Governmental Authorities, are assessed on the provision of any of the Services in
the future, the Party responsible for such taxes under the previous sentences of this Section 13.2
shall be responsible for the payment of such new or additional taxes.

     13.3 Cooperation. The Parties agree to cooperate with each other to enable each to more
accurately determine its own tax liability and to minimize such liability to the extent legally
permissible. Each Party shall provide and make available to the other any resale certificates,
information regarding out-of-state or out-of-country sales or use of equipment, materials, or
services, and other exemption certificates or information reasonably requested by the other Party.

     13.4 Claim Settlement. Supplier shall promptly notify Advanta of, and assist Advanta in
coordinating the response to and settlement of, any claim for taxes asserted by applicable
Governmental Authorities for which Advanta may be responsible hereunder, it being understood that
with respect to any claim arising out of a form or return signed by either Party, such Party shall
have the right to elect to control the response to and settlement of the claim, but the other Party
shall have all rights to participate in the responses and settlements that are appropriate to its
potential responsibilities or liabilities. If Advanta requests Supplier to challenge the
imposition of any tax, Advanta shall reimburse Supplier for the pre-approved reasonable legal fees
and pre-approved expenses incurred directly by Supplier in providing such assistance. Advanta
shall be entitled to any tax refunds or rebates granted to the extent such refunds or rebates are
of taxes that were paid or to be paid by Advanta.

     13.5 Withholding Taxes. Supplier shall provide any documentation (e.g., Form W-9, Form
W-8ECI, Form W-8BEN, etc.) required or reasonably requested by Advanta to enable it to make
payments under the Agreement without any deduction or withholding for or on the account of any tax.
Notwithstanding the foregoing, in the event that an applicable taxing authority shall determine
that withholding taxes are applicable to any such payments, Supplier shall be responsible for such
payments.

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14. [INTENTIONALLY DELETED].

15. BENCHMARKING.

     15.1 Benchmarked Services. Beginning after the first (1st) anniversary of a SOW Effective
Date, Advanta may, at any time not more than annually, initiate a benchmark analysis of the costs,
performance, quality, resource utilization, and charges of and for the Services or any portion
thereof (such Services, the “Benchmarked Services”, and such analysis, the “Benchmark Analysis”).
Advanta shall, in good faith, select and contract with an independent benchmarking entity (the
“Benchmarker”) to perform the Benchmark Analysis. All third party costs of each Benchmark Analysis
shall be borne by Advanta. All results of any Benchmark Analysis, and any materials created
pursuant to the Benchmark Analysis, shall be deemed Advanta’s Confidential Information and
property.

     15.2 Procedure. The Benchmarker shall execute an appropriately protective confidentiality
agreement in favor of each of the Parties. The Benchmarker shall perform the Benchmark Analysis in
accordance with the Benchmarker’s documented procedures (as modified herein), which shall be
provided to the Parties prior to the start of the Benchmark Analysis. The Benchmarker shall be
instructed to use its professional judgment as to the appropriate processes and methodologies to be
applied as part of the Benchmark Analysis; provided that if the Parties agree on specific
directions, processes, or methodologies to be used by the Benchmarker that are different from the
Benchmarker’s documented procedures, the Benchmarker shall be provided such directions, processes,
and methodologies, and shall be instructed to comply therewith in performing the Benchmark
Analysis.

     15.3 Representative Sample; Benchmark Analysis. For purposes of the Benchmark Analysis, the
Benchmarker shall compare the costs, performance, quality, resource utilization, and charges of and
for the Benchmarked Services to the costs, performance, quality, resource utilization, and charges
of and for similar services as performed by a representative sample of well-managed organizations
engaged in providing financial services (the “Representative Sample”). The Benchmarker shall
select the Representative Sample from among entities: (a) identified by the Benchmarker; and (b)
identified by a Party and approved by the Benchmarker. The Benchmarker shall conduct its Benchmark
Analysis as promptly as is prudent under the circumstances, and shall normalize the data used to
perform the Benchmark Analysis to accommodate, geographic location of the Services, differences in
volume of services, economies of scale, scope of services, workload and complexity factors
(including operating environment), service levels, financing or payment streams, appropriate
overhead, duration and nature of the contractual commitment, contractual terms, conditions and
allocation of risk, productivity commitments, quality, service levels, amount of investment made by
the service provider in the customer’s equipment and personnel and other pertinent factors to
ensure the unique factors of each relationship are taken into account by the Benchmarker.

     15.4 Benchmarking Results. The Benchmarker shall issue a confidential, preliminary written
report to the Parties reflecting its Benchmark Analysis findings. The Parties shall review the
preliminary report and provide any comments in writing. The Benchmarker shall be

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instructed to consider any such comments received and, after such consideration and making any
adjustments that it deems appropriate in its sole discretion, issue a final written report of its
finding and conclusions, which final report shall be deemed Advanta’s Confidential Information and
property. Based upon the final results of the Benchmark Analysis, Supplier shall cooperate with
Advanta to investigate variances, if any, and to take corrective action to respond to any
deficiencies; provided that if such results show that the Fees paid by Advanta are ******. Any
dispute as to such deficiencies, variances, or reduction shall be resolved pursuant to the dispute
resolution procedures set forth in Article 29.

16. SUPPLIER CHANGE CONTROL.

     16.1 General Requirements. The Parties agree that only Advanta may initiate a request to
change the Services and that Supplier shall accommodate such change request in accordance with this
Article 16 provided, however, that each Party may initiate a request to change how the Services are
delivered to Advanta under this Agreement. Supplier shall ensure that all changes to the Services
(including changes to the Equipment and Software used to provide the Services) are approved in
advance by Advanta in writing and are implemented to Advanta’s satisfaction. With respect to such
changes, Supplier shall comply with the following change control requirements:

          a. Prior to using any Software or Equipment to provide the Services which had not theretofore
been used to provide the Services, Supplier shall verify that the Software or Equipment, as
applicable, has been properly installed, is in good working order, is operating in accordance with
its specifications, and is performing in a consistently reliable manner with no defects,
interruptions, or recurring problems.

          b. Supplier shall not, and shall cause the Supplier Agents not to, make any of the following
changes without first obtaining Advanta’s approval, which approval Advanta may withhold in its sole
discretion: (i) any change adversely affecting or that may adversely affect the efficiency,
function, or performance of the Services; (ii) any change that could or would increase the Fees or
any other Advanta charges, costs, or fees, hereunder or otherwise; (iii) any change inconsistent
with the architecture, standards, or strategic direction specified by Advanta; or (iv) any change
impacting the manner in which Advanta conducts its business or operations, which impact Advanta
considers in its sole discretion to be adverse. In the event Supplier has been unable, after
making best efforts, to contact an appropriate Advanta Authorized Representative to obtain
Advanta’s approval for a temporary emergency change, Supplier may make such temporary emergency
change; provided that Supplier shall work diligently both to remedy the circumstance that caused
the need for such emergency change and to return the affected systems or materials to their
pre-change condition. Supplier shall document and promptly report all such temporary emergency
changes to Advanta, which changes then shall be subject to Advanta’s approval hereunder.

          c. Supplier shall move any Software from development and test environments to production
environments in a controlled manner, using the Advanta Information Technology Development
Methodology (which shall be set forth in the applicable Policy and

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Procedures Manual), to ensure that no changes are introduced into any such programs during
such activities. Supplier shall ensure that it is continuously and fully capable of restoring all
Software and environments to the prior (i.e., pre-move) state until such Software has been both
established as fully operational and approved by Advanta in writing.

     16.2 Change Control Procedures.

          a. The change control procedures set forth in this Section 16.2 (the “Change Control
Procedures”) shall detail how the Parties shall comply with the requirements set forth in this
Article 16 and otherwise control changes to how the Services are delivered to Advanta under this
Agreement. The Change Control Procedures shall govern all Services provided under each SOW and
Pilot SOW, provided, however, that in the event that a proposed change to Services does not: (i)
materially impact Service Levels, (ii) increase Fees or otherwise result in materially increased
costs to Advanta, (iii) cause a violation of Laws or the Advanta Regulatory Requirements, (iv)
negatively impact Advanta processes and procedures, (v) change the location of the Supplier
Facilities, or (vi) affects Advanta’s rights under this Agreement with respect to intellectual
property, then Supplier shall not be required to follow the Change Control Procedures and its sole
obligation shall be to notify Advanta of such proposed change to the Services, provide information
reasonably necessary for Advanta to evaluate such proposed change (including specifying any
additional costs to Advanta), and obtain Advanta’s prior written consent, which shall not be
unreasonably withheld or delayed.

          b. To propose a change to the delivery of the Services, a Party’s General Program Manager
shall, at such proposing Party’s cost, deliver a written proposal (a “Change Order Proposal”) to
the other Party’s General Program Manager specifying (i) the proposed change, (ii) the objective or
purpose of such change, (iii) the requirements and specifications of the deliverables, if any, to
be delivered pursuant to such change, (iv) the requested prioritization and schedule for such
change, and (v) the cost impact of such change.

          c. Within ten (10) business days following receipt of the Change Order Proposal, Advanta and
Supplier shall, in good faith, meet (either by telephone or in person) to review and discuss the
scope and nature of the Change Order Proposal, the availability of Supplier personnel, expertise
and resources to provide such change and the time period in which such change will be implemented.
Within ten (10) business days after such meeting, Supplier shall, at its own cost unless otherwise
agreed, prepare and deliver to Advanta a written assessment of the proposal (the “Change
Assessment”) (i) describing any changes in products, services, assignment of personnel and other
resources that Supplier believes will be required, (ii) specifying the costs for the Change Order
and specify whether there will be an increase or decrease in the Fees (including efficiencies
gained and reductions in overall cost of the Service) resulting from such change, (iii) specifying
how the proposed change would be implemented, (iv) describing the effect, if any, such change would
have on this Agreement, (v) estimating all resources required to implement such change, (vi)
describing the delivery risks and associated risk mitigation plans, (vii) describing the impact on
policies and procedures, and (viii) providing such other information as may be relevant to the
proposed change. To the extent that a proposed change is of such magnitude or complexity that it
is not feasible for Supplier to produce a

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detailed Change Assessment within ten (10) business days, Supplier shall prepare and deliver
to Advanta a summary Change Assessment outlining such details regarding the prospective change as
Supplier can ascertain within five (5) business days, and the Parties shall agree upon a schedule
for the production of a more detailed Change Assessment.

          d. Advanta shall review the Change Assessment and respond within ten (10) business days of its
receipt of the Change Assessment, indicating whether Advanta desires Supplier to implement the
change pursuant to the Change Assessment. Upon the agreement of both Parties, the Parties will
execute a change order (a “Change Order”) based upon such Change Assessment and the Policies and
Procedures Manual will be updated accordingly. All Change Orders must be approved in writing by
both Advanta and Supplier before work on the proposed change commences.

     16.3 System Changes. All material changes to the operating environment of either Party, which
changes may affect the Services (each, a “System Change”), shall be subject to the Change Control
Procedures. In the event that Supplier wishes to make any System Change, Supplier shall perform a
comparison, at a reasonable and mutually-agreed level of detail, between the amount of resources
required by such Software to perform a representative sample of the processing then currently being
performed for Advanta (a) immediately prior to the System Change and (b) immediately after the
System Change. Advanta shall not be required to pay for increased resource usage due to a System
Change; provided that if, following a System Change, Supplier can demonstrate (using the same
representative sample of processing described in the foregoing sentence) that a portion of such
increased resource usage is a direct result of increased Advanta use and not from the System
Change, Advanta shall only be required to pay for such portion of increased usage in accordance
with the terms and condition so of this Agreement. On a quarterly basis, each Party shall prepare
a rolling quarterly “look ahead” schedule for ongoing and planned System Changes for the next
three (3) months.

     16.4 Information Technology Standards. The responsibility for establishing the architecture
and standards of Advanta and the Service Recipients, and all related strategic and technical
matters, shall at all times remain with Advanta. Supplier, in performing the Services, shall
conform to and shall support such architecture and standards and other matters, including by
modifying the Services as and to the extent necessary to conform thereto. Any approved changes to
the Services required for such conformance shall be implemented in accordance with the terms and
conditions of this Article 16.

17. SUPPLIER AGENTS. 

     17.1 Supplier Personnel.

          a. Qualifications and Training. Throughout the Term, Supplier shall ensure that an adequate
number of Supplier and Supplier Subcontractor personnel are assigned to perform the Services, and
that such personnel are properly educated, trained, screened and fully qualified to perform the
Services they are to perform. Prior to performing Services, all Supplier and Supplier
Subcontractor personnel must, at a minimum, receive a formal orientation program that includes an
introductory review of workplace values, code of ethics, information security,

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legal implications and consequences of data and privacy breach, antifraud guidance and
controls, as well as information on Advanta’s business and culture; provided that such orientation
program must be approved in writing by Advanta in advance of such training. Certain minimum
qualifications, including minimum education levels, background checks and screening and any
additional minimum training requirements may be set forth in the applicable SOW. Supplier shall
ensure that all Supplier and Supplier Subcontractor personnel performing the Services are dedicated
solely to Advanta. In no event shall Supplier provide any Services using Supplier and Supplier
Subcontractor personnel who are shared with any third party unless Supplier receives the prior
written consent of Advanta, which Advanta may withhold in its sole discretion. Advanta shall be
permitted to audit Supplier’s and Supplier Subcontractors’ compliance with this Article 17 upon
written notice to Supplier at any time during the Term.

          b. Turnover. Advanta and Supplier agree that it is in their best interests to ensure that the
turnover rate of Supplier and Supplier Subcontractor personnel performing Services hereunder (the
“Turnover Rate”) remains low throughout the Term. Accordingly, on a monthly basis, Supplier shall
provide Advanta with all relevant data concerning such Turnover Rate, and shall meet with Advanta
to discuss the reasons for the Turnover Rate and the impact, if any, thereof on the Services. If
requested by Advanta, Supplier shall submit to Advanta a proposal for reducing the Turnover Rate to
an acceptable level and, subject to Advanta’s approval, shall implement such proposal. Supplier
shall not, and shall ensure that its Affiliates and the Supplier Subcontractors shall not, transfer
or re-assign any manager-level or higher personnel performing Services for Advanta to perform
services for any other credit card provider or credit card servicer for a period of six (6) months
following such personnel’s performance of Services for Advanta.

          c. Replacement. In the event Advanta raises any concerns as to the performance of a member of
a given Supplier or Supplier Subcontractor personnel, Supplier shall, subject to requirements of
Laws, react appropriately to alleviate such concerns.

          d. Procedures. Throughout the Term, Supplier shall maintain records relating to Supplier and
Supplier Subcontractor personnel providing services under this Agreement, which records shall
include verified qualifications, licenses, certifications, past employment details and references
that evidence that such personnel are qualified in light of Laws, General Industry Standards, and
this Agreement, to perform the Services. Throughout the Term, Supplier shall also maintain records
of in-service training and assignments for all Supplier and Supplier Subcontractor personnel. Upon
Advanta’s request and subject to requirements of Laws, Supplier shall promptly provide Advanta with
copies of any of the records described in this Section 17.1. Supplier shall advise all Supplier
and Supplier Subcontractor personnel who are performing Services hereunder, of their obligation to
comply with all Laws, Card Association Rules and the rules, regulations, policies, and procedures
of Advanta in accordance with this Agreement.

     17.2 Key Supplier Positions.

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          a. Generally. The Supplier and Supplier Subcontractor personnel who are approved by Advanta
as of the applicable SOW Effective Date to fill those management positions specified as Key
Supplier Positions are set forth in the applicable SOW. Advanta may, from time to time on written
notice to Supplier, change the positions designated as Key Supplier Positions hereunder. Supplier
shall cause each individual who fills a Key Supplier Position to devote their full time and effort
throughout the Term to the provision of the Services.

          b. Assignments to Key Supplier Positions. Before assigning an individual to a Key Supplier
Position, Supplier shall provide Advanta with detailed written notice of the proposed assignment,
shall introduce the individual to appropriate Advanta representatives, and shall provide Advanta
with a resume and other information requested by Advanta regarding the individual. If Advanta
objects to the proposed assignment, the Parties shall attempt to resolve Advanta’s concerns on a
mutually agreeable basis. Supplier shall not transfer or re-assign any personnel filling a Key
Supplier Position: (i) without providing advance written notice to Advanta of such transfer; and
(ii) until a suitable replacement is ready to assume the affected position and has been introduced
to Advanta as set forth in this Section 17.2(b). Supplier and Supplier Subcontractors shall not
transfer or re-assign any personnel filling a Key Supplier Position to perform services for a
competitor of Advanta for a period of nine (9) months following such personnel’s performance of
Services for Advanta and for a twelve (12) month period following the last day of work by any
Supplier General Program Manager on Advanta’s account, shall not assign him or her to the account
of any business or organization that issues payment cards, including credit, debit and stored-value
cards, or provides unsecured lines of credit to customers in the United States, without Advanta’s
prior written consent. Supplier shall establish and maintain an up-to-date succession plan for the
replacement of individuals serving in Key Supplier Positions, which plan shall be reviewed with
Advanta on a regular basis.

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     17.3 Supplier Subcontractors.

          a. Approval. With the exception of the approved subcontractors (each an “Approved
Subcontractor”) listed on Attachment 9 (Approved Subcontractors), prior to subcontracting any
Services to a third party, Supplier shall notify Advanta of the proposed subcontractor, which
notice shall include: (i) the specific components of the Services that Supplier proposes to
subcontract; (ii) the scope of the proposed subcontract; (iii) a copy of the proposed subcontract;
and (iv) the identity, qualifications, and financial resources of the proposed subcontractor.
Before entering into any agreement with a third party to subcontract any of the Services hereunder,
including with Approved Subcontractors, Supplier shall obtain Advanta’s prior written approval of
the applicable subcontract and, if such subcontractor is not an Approved Subcontractor, such
subcontractor (each of which Advanta may provide or withhold in its sole discretion).
Notwithstanding any other provision of this Agreement, Supplier shall require each subcontractor,
including Approved Subcontractors, to execute a copy of the Subcontractor Direct Agreement attached
hereto as Attachment 10 before Supplier may disclose any of Advanta’s Confidential Information to,
or enter into any discussions regarding the Services, this Agreement, or the relationship of the
Parties with, such potential subcontractors. Upon Advanta’s approval of a Supplier subcontractor
in accordance with this Section 17.3, such subcontractor shall be deemed a “Supplier Subcontractor”
for purposes of this Agreement.

          b. Subcontractor Agreements. Supplier shall include in its agreement with any Supplier
Subcontractors: (i) intellectual property rights assignment provisions acceptable to Advanta
enabling Supplier to grant to Advanta the rights specified in this Agreement and (ii) any other
provisions as necessary for Supplier to fulfill its obligations hereunder, including requiring
Supplier Subcontractor’s full cooperation with all audit rights and requirements and all due
diligence requirements of Advanta. Supplier shall not include in any agreement with a Supplier
Subcontractor any provision the effect of which would be to limit the ability of such Supplier
Subcontractor to contract directly with Advanta.

          c. Replacement. Without limiting any other provision of this Agreement, upon Advanta’s
request Supplier shall replace any Supplier Subcontractor with a different third party
subcontractor (or shall perform the applicable subcontracted Services itself), if Advanta
determines in its sole discretion that the continued use of such Supplier Subcontractor is not in
Advanta’s best interests, subject to payment by it of any commercially reasonable wind down and or
termination costs.

     17.4 Conduct of Supplier Agents.

          a. Supplier shall ensure that all Supplier Agents, while at an Advanta Facility comply with
Advanta’s then-current codes of conduct, as made available to Supplier from time to time, and other
rules and regulations regarding personal and professional conduct generally applicable to personnel
at such Advanta Facilities.

          b. Supplier shall ensure that while at an Advanta Facility all Supplier Agents clearly
identify themselves as Supplier Agents, and not as employees of Advanta, including in any and all
communications related to this Agreement. Each Supplier Agent shall wear a badge

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indicating that he or she is an employee or other agent, as the case may be, of Supplier and
not of Advanta.

     17.5 Responsibility/Actions of Supplier Agents. Supplier is and shall remain directly
responsible and liable to Advanta for the work, conduct and activities of each Supplier Agent.
When a Supplier Agent performs a Supplier obligation under this Agreement, Supplier shall cause
each such Supplier Agent to comply with this Agreement and Supplier shall be directly responsible
and liable to Advanta for Supplier Agent’s failure to so comply. In each provision of this
Agreement, where Supplier is required to take or not take an action pursuant to this Agreement,
whether or not specifically required by the applicable provision, Supplier shall cause each
Supplier Agent to take or not take such action and Supplier shall be directly responsible and
liable to Advanta for Supplier Agent’s failure to take or not take such action. Supplier shall be
responsible for all, and Advanta shall have no responsibility for any, payments required to be made
to any Supplier Agent.

18. MUTUAL NON-SOLICITATION.

The Parties agree that during the Term and twelve (12) months thereafter, neither Party shall (and
shall cause its agents and Affiliates not to) directly, or indirectly through any Affiliate or
other entity, offer employment to, employ, engage as an independent contractor, or otherwise obtain
(or encourage any third party to retain) the services of any person employed at such time or within
the preceding one hundred and eighty (180) days by the other Party or its Affiliate, who became
known to such Party or its Affiliate in connection with the performance of this Agreement;
provided, however, that this Article 18 shall not apply to general advertising by one Party not
targeted specifically at the other Party’s employees.

19. INTELLECTUAL PROPERTY.

     19.1 Deliverables.

          a. Work Made for Hire; Assignment to Advanta. All Deliverables shall be the sole and
exclusive property and Confidential Information of Advanta. Advanta shall own all worldwide right,
title, and interest, including ownership of all worldwide rights of Patent, copyright, trademark,
trade secret, and other proprietary rights in, to, and under the Deliverables and all copies and
derivative works made from or of the Deliverables. All Deliverables shall be deemed to be “works
made for hire” (as such term is defined in 17 U.S.C. § 101) for Advanta. To the extent any of the
Deliverables are not deemed to be “works made for hire” by operation of law, Supplier hereby
irrevocably and perpetually assigns, transfers, and conveys on a worldwide basis, and shall cause
all Supplier Agents to irrevocably and perpetually assign, transfer, and convey on a worldwide
basis, to Advanta without further consideration all of Supplier’s or such Supplier Agent’s (as
applicable) right, title, and interest in, to, and under the Deliverables, including all rights of
Patent, copyright, trademark, trade secret, and other proprietary rights in the Deliverables and
all rights to causes of action and remedies related to any of the foregoing, effective immediately
upon the inception, conception, creation, fixture, development, or reduction to practice thereof.
Supplier acknowledges that Advanta and its assigns shall have the right to obtain and hold in their
own name any intellectual property and other rights in, to, and

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under the Deliverables. Supplier shall, and shall cause the Supplier Agents to, execute any
documents or take any other actions as may reasonably be necessary, or as Advanta may reasonably
request, to record, perfect or enforce Advanta’s ownership interest in, to, and under the
Deliverables, including procuring and causing to be executed all such assignments and other
instruments and documents necessary to effectuate the foregoing, at Advanta’s expense. The Parties
acknowledge and agree that no action taken or not taken by Advanta in relation to the foregoing
assignment, including Advanta’s failure to exercise any of the rights assigned to Advanta hereunder
within one (1) year (or within any other period of time) from the date of such assignment, will
cause such assignment to lapse or to be deemed lapsed or will cause any assigned right, title or
interest to revert to Supplier or any Supplier Agent. This Section 19.1(a) shall survive any
expiration or termination of this Agreement.

          b. Exclusive License to Advanta. To the extent, if any, that any Deliverables are not
assignable or that Supplier or any Supplier Agent retains any right, title or interest in and to
any Deliverables, Supplier shall, prior to developing any such non-assignable Deliverables, provide
Advanta written notice regarding the foregoing and: (i) Supplier unconditionally and irrevocably
waives, and Supplier shall cause such Supplier Agent(s) to unconditionally and irrevocably waive,
the enforcement of such rights, and all claims and causes of action of any kind against Advanta or
any other Service Recipient with respect to such rights; (ii) Supplier shall, and shall cause such
Supplier Agent(s) to, at Advanta’s request and Supplier’s expense, consent to and join in any
action to enforce such rights; and (iii) Supplier hereby grants, and shall cause such Supplier
Agent(s) to grant, to Advanta an exclusive, perpetual, irrevocable, fully paid-up, royalty-free,
transferable, worldwide right and license to use, execute, reproduce, distribute, adapt (including
edit, modify, translate, and reformat), create derivative works based on, transmit, display and
perform (publicly or otherwise), make, have made, sell, offer to sell, import and otherwise exploit
any such materials, in any form or media now known or later developed (including Object Code form
and Source Code form), and to grant sublicenses through multiple tiers to any third party or other
entity to do any or all of the foregoing. Supplier further irrevocably waives, and shall cause the
Supplier Agents to irrevocably waive, any “moral rights” or other rights with respect to
attribution of authorship or integrity of such Deliverables that Supplier or any Supplier Agents
may have under any applicable law under any legal theory. Supplier hereby waives and quitclaims,
and shall cause the Supplier Agents to waive and quitclaim, to Advanta any and all claims, of any
nature whatsoever, that Supplier or any Supplier Agent now or may hereafter have for infringement
of or related to any Deliverables assigned and/or licensed hereunder to Advanta. This
Section 19.1(b) shall survive any expiration or termination of this Agreement.

          c. Limited License to Supplier. Subject to the terms and conditions of this Agreement,
Advanta hereby grants to Supplier a non-exclusive, revocable, non-transferable, limited right to
use, execute and operate the Deliverables solely for the purpose of providing and solely to the
extent necessary to provide the Services under this Agreement, and to sublicense the foregoing
right to Supplier Agents solely for the purposes of providing and solely to the extent necessary to
provide the Services that such Supplier Agents are responsible for providing to Advanta and the
other Service Recipients under this Agreement. Except as otherwise expressly set forth in this
Agreement, Supplier and the Supplier Agents shall neither have nor retain any

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right to use or exploit, in any manner, any Deliverables, and Supplier shall not, and shall
cause the Supplier Agents not to, challenge the validity of Advanta’s ownership of any
Deliverables.

          d. Periodic Delivery of Source Code and Documentation. Supplier shall periodically, but no
less frequently than once each month, deliver to Advanta all Source Code and Documentation for all
Deliverables, which Deliverables were provided to Advanta during the immediately preceding month or
which Source Code or Documentation was created, conceived, or developed during the immediately
preceding month. Supplier shall ensure that such Source Code and Documentation are sufficient to
allow a reasonably knowledgeable and experienced programmer to maintain and support the
Deliverables to which they correspond, and that such Documentation accurately describes, in terms
understandable by a typical end user, the functions and features of such Deliverables and the
procedures for exercising such functions and features.

          e. Embedded Software.

               i. Generally. Unless otherwise agreed by the Parties, Supplier shall not, and shall cause the
Supplier Agents not to, incorporate or embed any Supplier-Provided Materials into any Deliverables,
or otherwise use any Supplier-Provided Materials in the provision of the Services, without
Advanta’s prior written consent. To the extent any Supplier-Provided Materials are incorporated or
embedded into any Deliverables or it would be impossible or impracticable to use and exploit the
Deliverables without such Supplier-Provided Materials (such incorporated, embedded or necessary
Supplier-Provided Materials, collectively, the “Embedded Software”): (a) in the case of Embedded
Software owned by Supplier or any Supplier Agent, Supplier shall, and shall cause the Supplier
Agents to, grant Advanta, the other Service Recipients, and Advanta’s Affiliates, and the
respective employees, officers, directors, agents, contractors, successors and assigns of the
foregoing, a non-exclusive, perpetual, irrevocable, fully paid-up, royalty-free, transferable
worldwide right and license to use, execute, reproduce, distribute, adapt (including edit, modify,
translate, and reformat), create derivative works based on, transmit, display and perform (publicly
or otherwise), make, have made, sell, offer to sell, import and otherwise exploit any such Embedded
Software, in any form or media now known or later developed (including Object Code form and Source
Code form), and to grant sublicenses through multiple tiers to any third party or other entity to
do any or all of the foregoing, solely for the complete utilization of the Services or the
Deliverables and not for any standalone commercial purpose. Advanta shall make any third party to
whom the Deliverables with the Embedded Software is sold or sub-licensed aware of the restrictions
of use with respect to Embedded Software and take steps to ensure that such third parties shall
not, internally or in conjunction with any other person, (i) reverse engineer, reverse compile or
reverse assemble the Embedded Software in a stand-alone commercial manner apart from the
Deliverables, or (ii) use Embedded Software for their own benefit or for the benefit of others for
any purpose other than to perform their obligations owed to Advanta; and (b) in the case of
Embedded Software constituting Third Party Software, Supplier shall, at Advanta’s election, either
(i) obtain, at no cost to Advanta, for the benefit of Advanta, the other Service Recipients, and
Advanta’s Affiliates, and the respective employees, officers, directors, agents, contractors,
successors and assigns of the foregoing, license rights to such Third Party Software that are
substantially

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equivalent in all material respect to the license granted in Section 19.1(a) or (ii) provide
an alternative Deliverable with substantially equivalent functionality that avoids use of such
Third Party Software. Advanta shall, and shall cause the Service Recipients to, comply with all of
the terms and conditions for use of such Third Party Software of which Supplier has provided
Advanta reasonable advance notice, including requirements of license agreements, end-user
agreements and consents.

               ii. Periodic Delivery of Source Code and Documentation. Supplier shall periodically, but no
less frequently than once each month, deliver to Advanta all Source Code and Documentation for all
Embedded Software, which Embedded Software was incorporated or embedded in any Deliverables during
the immediately preceding month, or as reasonably necessary for the use or exploitation of such
Deliverables. Supplier shall ensure that such Source Code and Documentation are sufficient to
allow a reasonably knowledgeable and experienced programmer to maintain and support the Embedded
Software to which they correspond, and that such Documentation accurately describes, in terms
understandable by a typical end user, the functions and features of such Embedded Software and the
procedures for exercising such functions and features. At Advanta’s request, Supplier will provide
Advanta with a list of all Embedded Software.

     19.2 Advanta-Provided Software.

          a. License to Supplier. Subject to the terms and conditions of this Agreement, Advanta hereby
grants to Supplier a non-exclusive, revocable, non-transferable, limited right to: (i) use,
execute and operate, solely to the extent permitted by any applicable third party agreements and
Required Consents, the Advanta-Provided Third Party Software; (ii) use, execute and operate the
Advanta-Provided Software that is not Advanta-Provided Third Party Software; and (iii) use any
related Documentation as may be provided by Advanta to Supplier hereunder; in each case, solely for
the purpose of providing and solely to the extent necessary to provide the Services hereunder.

          b. Compliance with Licenses. Supplier shall, and shall cause the Supplier Agents to, comply
with all of the terms and conditions for use of Advanta-Provided Software including requirements of
license agreements, end-user agreements and consents.

     19.3 Third Party Software. Without limiting any other provision of this Article 19, if
Supplier or any Supplier Agent uses or wishes to use any Third Party Software (other than
Advanta-Provided Third Party Software) in performing or otherwise in connection with the Services,
Supplier shall: (a) use, wherever practicable, standard, generally commercially available software
packages; (b) obtain Advanta’s prior written consent, and if Advanta requests, obtain the right to
grant to Advanta, the other Service Recipients, and Advanta’s Affiliates, a license to such Third
Party Software reasonably satisfactory to Advanta; (c) at Advanta’s request, verify that Advanta,
the other Service Recipients, and Advanta’s Affiliates have the right to purchase related ongoing
services (e.g., maintenance and support services, upgrades, patches, and subscription services) for
such Third Party Software on commercially reasonable terms; and (d) at Advanta’s request, use
reasonable efforts to ensure that any contracts between Supplier or

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such Supplier Agent and a third party for the provision of such Third Party Software and any
related ongoing services (e.g., maintenance and support services, upgrades, patches, and
subscription services) are expressly assignable to Advanta, and if such contracts are
(i) assignable to Advanta, assign each such contract to Advanta upon Advanta’s request following
the expiration or termination of those Services in connection with which such Third Party Software
is used, or (ii) not assignable to Advanta, upon Advanta’s request following expiration or
termination of those Services in connection with which such Third Party Software is used, Supplier
shall use best efforts to implement a work-around reasonably satisfactory to Advanta. Advanta
shall, and shall cause the Service Recipients to, comply with all of the terms and conditions for
use of such Third Party Software of which Supplier has provided Advanta reasonable advance notice,
including requirements of license agreements, end-user agreements and consents.

     19.4 Inventions. During the term of this Agreement, Supplier shall promptly disclose any
Inventions to Advanta. At Advanta’s request, Supplier shall, and shall cause the Supplier Agents
to, assign, all right, title, and interest in and to any Inventions (including all rights of action
on account of past, present and future unauthorized use of any Patents covering such Inventions and
for infringement of such Patents) and execute such documents as may be required to file
applications and to obtain Patents in the name of Advanta or its nominees, in any countries,
covering such Inventions. Supplier represents and warrants to Advanta that neither Supplier nor
any Supplier Agent is subject to any obligations to any third party to assign to such third
party(ies) Inventions or rights therein in conflict with Supplier’s obligations to Advanta
hereunder. During the Term and thereafter, Supplier shall not, and shall cause the Supplier Agents
not to, assert against Advanta, any other Service Recipient, Advanta’s Affiliates, or any
employees, officers, directors, agents, contractors, or (through multiple tiers) successors or
assigns of any of the foregoing, any patents owned by Supplier or any Supplier Agent that read or
bear upon the receipt of the Services (or services similar to such Services) or the use or other
exploitation of any Deliverables, Supplier-Provided Materials or Embedded Software to which
Advanta, any other Service Recipient, Advanta’s Affiliates, or any employees, officers, directors,
agents, contractors, or (through multiple tiers) successors or assigns of any of the foregoing are
granted rights hereunder.

     19.5 Changes and Upgrades to Software. Except as may be approved by Advanta in advance in
writing, Supplier shall not make any changes or modifications to any Software that would alter the
functionality of the Systems or Services, degrade the performance of the Systems or Services, or
materially adversely affect the day-to-day operations of Advanta’s or any other Service Recipient’s
business, except as may be necessary on a temporary, emergency basis to maintain the continuity of
the Services. Supplier shall be responsible, at no charge to Advanta, for any modification or
enhancement to, or substitution for, the Advanta-Provided Software, the Deliverables, and any other
equipment, software or materials used in connection with the Services, in each case which are
necessitated by (a) unauthorized changes to Advanta-Provided Software or the Deliverables or
(b) unapproved changes to the, Embedded Software, or related operating environments or
functionalities. Supplier shall, at Advanta’s election, request and cost, install for Advanta in
connection with and as part of the Services, any upgrade, modification, or enhancement to the
Systems or any Embedded Software at the then-current level at the time such

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upgrade, modification, or enhancement is generally made publicly available (or, if earlier, at
the time such upgrade, modification or enhancement is made available to Supplier or any of its
customers).

     19.6 Export. The Parties acknowledge that certain Software and technical data to be provided
hereunder is subject to export controls under the Laws of the United States and other countries.
Supplier shall not, and shall cause the Supplier Agents not to, export or re-export any such items
or any direct product thereof or undertake any transaction in violation of any such Laws. Supplier
shall be responsible for, and shall coordinate and oversee, compliance with such Laws in respect of
such items exported or imported hereunder or otherwise in relation to the Services.

     19.7 Ownership. As between the Parties, Advanta and the other Service Recipients shall remain
the sole and exclusive owner of all right, title and interest in, to and under (a) all information
and materials owned by Advanta and the other Service Recipients as of the Effective Date, (b) all
information and materials acquired by Advanta or any other Service Recipient from any third party
after the Effective Date, and (c) all information and materials developed by Advanta and/or any
other Service Recipient after the Effective Date (the foregoing, collectively, the “Advanta
Materials”). Nothing in this Agreement shall, whether expressly or by implication, be deemed to
transfer any ownership interest in any Advanta Materials Supplier. Supplier shall, and shall cause
all Supplier Agents to, cease all use of the Advanta Materials upon any expiration or termination
of this Agreement.

     As between the Parties, Supplier and Supplier Agents shall remain the sole and exclusive owner
of all right, title and interest in, to and under Supplier-Provided Materials, including any
modifications or derivative works thereof made at any time. However, in the case of Embedded
Software, only the modifications and derivative works made at any time by Supplier or Supplier’s
Agents will be owned by Supplier or Supplier’s Agents. Nothing in this Agreement shall, whether
expressly or by implication, be deemed to transfer any ownership interest in any Supplier Provided
Materials or Embedded Software to Advanta. Advanta shall, and shall cause all Service Recipients
to, cease all use of the Supplier Provided Materials upon any expiration or termination of this
Agreement, unless specifically permitted under this Agreement.

     19.8 Residual Knowledge. Nothing contained in the Agreement shall restrict a Party from the
use of any general ideas, know-how, experience or skill retained in the unaided mental impressions
of such Party’s personnel relating to the Services, so long as it does not infringe the
intellectual property or breach confidentiality of the other Party.

20. CONFIDENTIALITY.

     20.1 Confidential Information. Supplier and Advanta each acknowledge that they may be
furnished with, receive, or otherwise have access to information of or concerning the other Party
which such Party considers to be confidential, proprietary, a trade secret, or otherwise
restricted. As used in this Agreement, “Confidential Information” shall mean all information, in
any form, furnished or made available, directly or indirectly, by one Party to the other which is
marked confidential, restricted, proprietary, or with a similar designation, or

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which a reasonably prudent business person would deem to be as confidential information
considering the nature of the information and the circumstances of its disclosure. Without
limiting the foregoing: (a) the terms and conditions of this Agreement shall be deemed the
Confidential Information of both Parties; and (b) Advanta’s Confidential Information shall be
deemed to include (whether or not marked confidential, restricted, proprietary, or with a similar
designation) (i) all specifications, designs, documents, correspondence, software, documentation,
data and other materials; all materials prepared by Advanta or the Service Recipients; and all
Deliverables (including all information embodied therein) and other materials prepared by Supplier,
Supplier Agents, and their respective agents (whether alone or in conjunction with Advanta or any
Service Recipient) in the course of performing the Services; (ii) all information concerning the
operations, affairs, customers, end-users, employees and businesses, including financial affairs,
of Advanta and any of its Affiliates, and the respective relations with their customers, employees,
agents, and service providers (including customer lists, customer information, and information
regarding consumer markets); (iii) the Customer Data; (iv) the Advanta Provided Software; and
(v) all other information, data, and materials obtained, received, transmitted, processed, stored,
archived, or maintained by Supplier, Supplier Agents, and their respective Agents in the course of
performing the Services and (c) Supplier’s Confidential Information shall be deemed to include
(whether or not marked confidential, restricted, proprietary, or with a similar designation)
(i) all specifications, designs, documents, correspondence, software, documentation, data and other
materials owned by Supplier; (ii) all information concerning the operations, affairs, customers,
end-users, employees and businesses, including financial affairs, of Suppliers and any of its
Affiliates, and the respective relations with their customers, employees, agents, and service
providers (including customer lists, customer information, and information regarding consumer
markets); (iii) the Supplier Provided Materials and Embedded Software (subject to Advanta’s license
rights as set forth in this Agreement); and (iv) information, data and materials obtained from
Supplier during an audit.

     20.2 Exclusions. Restrictions placed on use of Confidential Information in this Agreement
shall not preclude use of any particular information that either Party can demonstrate and
document: (a) was obtained from the public domain without any breach by recipient of any
obligation of confidentiality to the furnishing Party of Confidential Information; (b) was
rightfully in the possession of the receiving Party at the time of disclosure of Confidential
Information to it without any obligation to restrict its further use or disclosure; (c) was
received, after disclosure to it of Confidential Information by the furnishing Party, from a third
party who had a lawful right to disclose such information to it without any obligation to restrict
its further use or disclosure and without any breach by such third party of any obligation of
confidentiality to the furnishing Party; or (d) was independently developed by the receiving Party
without reference to any Confidential Information of the furnishing Party. Restrictions placed on
use of Confidential Information in this Agreement shall not preclude Advanta’s use of any
information that Advanta has the right to exploit in accordance with the terms of this Agreement
including Supplier-Provided Materials. In addition, a Party shall not be considered to have
breached its obligations under this Article 20 by disclosing Confidential Information of the other
Party if and to the extent required to respond to the request of a Governmental Authority to
satisfy a legal or regulatory requirement; provided that, upon receiving any such request and to
the extent that it may do so without violating any Law or Card Association Rules, such Party
immediately and

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prior to such disclosure advises the other Party of such request in order that the other Party
may, with the first Party’s cooperation, interpose an objection to such disclosure, take action to
assure confidential treatment of the Confidential Information, or take such other action as it
deems appropriate to protect the Confidential Information.

     20.3 Obligations.

          a. Each Party’s Confidential Information shall remain the property of such Party, except as
otherwise expressly provided herein. Advanta and Supplier shall each use at least the same degree
of care, but in any event no less than a reasonable degree of care, to prevent disclosing to third
parties the Confidential Information of the other Party as such Party employs to avoid unauthorized
disclosure, publication, or dissemination of its own information of a similar nature and similar
importance; provided that the Parties may disclose such information: (i) to entities or persons
performing Services required hereunder solely where (A) use of such entity or person is expressly
authorized under this Agreement, (B) such disclosure is necessary to the performance of such
Services, and (C) the entity or persons to which the information is disclosed agrees in writing (1)
to assume the nondisclosure, nonuse, and other obligations of the same scope and at least as
stringent as those described in this Article 21, and (2) not to solicit Advanta’s customers in any
manner; (ii) to directors, agents, attorneys, accountants and advisors of the Parties and their
Affiliates who need to know such information, provided they are required to treat such information
as confidential; and (iii) to potential purchasers of the Parties or their Affiliates, provided
they are required to treat such information as confidential.

          b. Notwithstanding Section 20.3(a) or any other provision of this Agreement: (i) Supplier
shall not release any Customer Data or any other Confidential Information of Advanta to any third
party without the express prior written consent of Advanta; (ii) Advanta’s Confidential Information
shall not be utilized or disclosed by Supplier for any purpose other than that of rendering the
Services hereunder; (iii) Supplier shall not be deemed to possess, and shall not assert, any
ownership interest, lien, or other right or interest against or to Advanta Confidential
Information; and (iv) Supplier shall ensure that no Advanta’s Confidential Information is sold,
rented, assigned, leased, or otherwise disposed of to third parties by Supplier or Supplier Agents,
or commercially exploited by or on behalf of Supplier or any Supplier Agents.

          c. As requested by the furnishing Party during the Term, and upon expiration or any
termination of this Agreement (in whole or in part) and/or the completion of Supplier’s obligations
under this Agreement, unless the Agreement allows for retention after the term or such retention is
required by Laws, the receiving Party shall return to furnishing Party or destroy, as furnishing
Party may direct, all materials (including all copies and parts thereof) in any medium that
comprise, contain, refer to, or relate to furnishing Party’s Confidential Information, and
receiving Party shall provide furnishing Party with a certification by an officer of receiving
Party certifying such return or destruction (as applicable) and shall retain no copies thereof.
Each Party shall be entitled to retain one copy of the Confidential Information (except for
Customer

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Data) of the other Party solely to defend itself in any legal proceeding instituted against it
by a third party.

          d. Each Party shall take reasonable steps to ensure that its employees comply with the
provisions of this Article 20. Supplier shall cause each Supplier Subcontractor to comply with its
obligations under the Subcontractor Direct Agreement.

     20.4 Disclosure or Loss of Confidential Information. In the event of any disclosure or loss
of, or inability to account for, any Confidential Information of the furnishing Party, upon
becoming aware of such event the receiving Party shall promptly and at its own expense: (a) notify
the furnishing Party in writing; and (b) take such actions as may be necessary or reasonably
requested by the furnishing Party, and otherwise cooperate with the furnishing Party, to minimize
the adverse effects to the furnishing Party of such event and any damage resulting from such event.

     20.5 No Implied Rights. Nothing contained in this Article 20 shall be construed as obligating
a Party to disclose its Confidential Information to the other Party, or as granting to or
conferring on a Party, whether expressly or by implication, any ownership interest in or any right
or license to Confidential Information of the other Party.

     20.6 Injunctive Relief. Receiving Party acknowledges that disclosing Party’s Confidential
Information, including in the case of Advanta the Customer Data, is unique property of extremely
high value to the disclosing Party, and that the unauthorized use or disclosure thereof would cause
disclosing Party irreparable harm that could not be compensated by monetary damages. Accordingly,
receiving Party agrees that disclosing Party shall be entitled to receive, from any court of
competent jurisdiction, injunctive and preliminary relief to prevent or remedy any actual or
threatened unauthorized use or disclosure of disclosing Party’s Confidential Information, without
being required to show harm.

     20.7 Survival. The Parties’ obligations of non-disclosure and confidentiality shall survive
the expiration or termination of this Agreement.

21. CUSTOMER DATA; DATA SECURITY.

     21.1 Customer Data. Without limiting any other provision of this Agreement, the following
terms and conditions shall apply to Customer Data:

          a. GLBA Compliance. Supplier recognizes and acknowledges that Title V of the GLBA governs the
disclosure of Nonpublic Personal Information about consumers, including Advanta’s deposit customers
and that although GLBA is not applicable to Advanta’s business card customers, Supplier agrees to
comply with Advanta’s GLBA requirements regarding re-use, sharing and protection of personal
information with respect to Advanta’s business card customers that would be considered Nonpublic
Personal Information if such business card customer were a consumer. Supplier shall comply with
the terms and provisions of the GLBA, other Laws and Card Association Rules, including the
provisions of the GLBA regarding the re-use, sharing and re-disclosure of Nonpublic Personal
Information and the rules

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implementing section 501(b) of the GLBA. Supplier represents that it has implemented a
comprehensive written information security program that includes administrative, technical and
physical safeguards designed to ensure the security and confidentiality of customer, consumer and
employee information related to the Services. Supplier’s security measures shall equal or exceed
the Payment Card Industry Data Security Standards. Advanta shall have the right to request
information regarding Supplier’s security program related to the Services. Supplier shall use best
efforts to notify Advanta of a material modification to any of its security procedures relating to
the Services. To the extent GLBA, other Laws or Card Association Rules require additional or
modified security, privacy or confidentiality contractual arrangements between the Parties, the
Parties shall in good faith identify and execute such additional or modified agreements as are so
required.

          b. Non-Disclosure of Customer Data. Except as permitted under this Agreement, Supplier agrees
that it shall not disclose or use Customer Data obtained pursuant to this Agreement (including
mailing lists) except to the extent necessary to perform, effect, administer or enforce any
transactions or Services contemplated by this Agreement and in a manner that is in accordance with
Laws (including the GLBA and the federal Fair Credit Reporting Act) and Card Association Rules.
Further, Supplier shall ensure that its Affiliates disclose and use Customer Data only to the
extent permitted by Laws, Card Association Rules and pursuant to the terms and conditions of this
Agreement.

          c. Access to Customer Data. Supplier shall: (i) adequately mark or otherwise identify
Customer Data as Advanta’s Confidential Information and property (or, if already so marked when
provided to Supplier, ensure that all such marks are retained); (ii) store Customer Data separately
(both logically and physically) from other Supplier-Provided Materials and data and/or any other
materials or data of any third party; and (iii) promptly remove any Customer Data from storage at
Advanta’s request. Supplier shall use best efforts to safeguard all Customer Data and shall store
Customer Data electronically or otherwise in a safe and secure manner. Advanta shall have
unrestricted access to, and the right to review and retain the entirety of, all computer or other
files containing Customer Data. At no time shall any of such files or other materials or
information be stored or held in a form or manner not immediately accessible to Advanta. Supplier
shall provide to the Advanta General Program Manager all passwords to and the locations of any such
files and other materials promptly upon the request of Advanta, including Equipment and Software
keys and such information as to format, encryption (if any) and any other specification or
information necessary for Advanta to retrieve, read, revise and/or maintain such files and
information. Upon request of the Advanta General Program Manager, Supplier shall confirm that all
files and other information provided to Advanta are complete and that no material element or other
portion of such files or other information to which Advanta may request access or review has been
deleted, withheld, disguised or encoded in a manner inconsistent with the purpose and intent of
providing full and complete access to Advanta as contemplated by this Agreement.

          d. Regeneration of Lost or Damaged Customer Data. As part of the Services, Supplier shall, at
its own expense, promptly replace or regenerate from Supplier’s media any Customer Data that
Supplier has otherwise lost or damaged, or shall obtain at

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Supplier’s expense a new copy of such lost or damaged Customer Data. In the event that
Supplier cannot fulfill the foregoing obligation, Advanta may, without limiting any other remedies
it may have hereunder or otherwise, replace, regenerate, or obtain a new copy of any such Customer
Data, and Supplier shall promptly reimburse Advanta for all costs, direct or indirect, related to
such replacement, regeneration, or acquisition.

     21.2 Data Security. Supplier shall establish and maintain environmental, safety and facility
procedures, data security procedures and other safeguards against the unauthorized access,
destruction, loss, use or alteration of Customer Data in the possession of Supplier which are
(a) no less rigorous than the Advanta Data Security Standards set forth on Attachment 11, as may be
amended from time to time; (b) no less rigorous than those maintained by Supplier for its own
information of a similar nature or that of other Supplier customers; but, in any event, (c) no less
rigorous than those mandated by Laws or Card Association Rules. Such procedures and other
safeguards shall include the installation of Software that, at minimum: (i) requires all users to
enter a user identification number and password prior to gaining access to the information systems;
(ii) controls and tracks the addition and deletion of users and access to all materials; and
(iii) controls user access to areas and features of the systems. Advanta shall have the right to
establish backup security for Customer Data and to keep all backup Customer Data and Customer Data
files in its possession if it so elects, and Supplier shall comply with any backup security and
other similar procedures established by Advanta in relation to the Customer Data. Supplier shall
also establish and maintain such environmental, safety and facility procedures, data security
procedures and other safeguards against (a) theft, including theft of Customer Data, (b) dishonest
misappropriation of Customer Data, (c) fraudulent and dishonest disposal of Customer Data, (d)
fraudulent or dishonest inducement for delivery or retention of Customer Data, (e) dishonest or
fraudulent removal or concealment of Customer Data, (f) damages to any computer, computer system or
computer network, computer data base containing Customer Data, and (g) hacking with computer
systems containing Customer Data.

     21.3 Data Security Procedures. Supplier shall maintain appropriate policies and procedures to
respond to incidents of unauthorized or suspected unauthorized access to or disclosure of Customer
Data. Such policies and procedures shall equal or exceed the Advanta Data Security Standards and
Payment Card Industry Standards. Supplier shall reasonably monitor, evaluate and adjust its
information security system and procedures in response to relevant changes in technology, changes
in the sensitivity of Customer Data and internal and external threats to information security and
shall adopt such changes to its information security system and procedures as reasonably requested
by Advanta. Supplier agrees to take appropriate actions to address any security breach involving
such information. Supplier shall notify the Advanta General Program Manager promptly, and in any
event as soon as reasonably possible after Supplier reasonably suspects or has concluded that any
security incident or breach (which shall include any such breach caused by any employee, third
party service provider or subcontractor of a Party) has occurred or is about to occur that, in
Supplier’s reasonable judgment, is likely to put any data, including any Customer Data, or network
of Advanta at risk. Upon the occurrence of any such security incident or breach, (a) Supplier
shall, as soon as practicable and at its sole expense, implement an action plan to correct the
incident or breach and prevent the continuation of such security incident or breach, and shall
promptly notify Advanta

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of the corrective action and measures taken and (b) Advanta may audit to determine whether the
corrective action has been implemented and is effective. If there is any such security breach
relating to Customer Data under Supplier’s control or the control of an entity with which Supplier
has contracted, then Supplier shall pay the out of pocket expenses incurred by the Parties in
responding to the security breach, including paying the cost of notifying customers that
information about them was subject to a security breach. Any notice sent concerning a security
breach shall be subject to the prior written approval of Advanta.

     21.4 Security Reviews. Without limiting its other obligations set forth herein, Supplier, at
the request of Advanta or to satisfy Card Association Rules, shall cause a security audit of those
of its systems that affect Advanta in connection with the Services (a “Security Audit”) to be
conducted at least once every twelve (12) months (except as provided in Section 21.3 and this
Section 21.4) during the Term. The vulnerability scan portion of each Security Audit shall be
conducted by an internationally recognized third party engaged in the business of performing such
vulnerability scans which shall be at the expense of Advanta, which expense shall be reimbursed by
the Supplier if the Audit reveals a material security risk. The remainder of each Security Audit
shall be conducted jointly by the Parties and shall include a comprehensive review of
vulnerabilities of Supplier’s systems. At least thirty (30) days prior to each Security Audit, the
Parties shall meet and consult reasonably and in good faith in an effort to agree on the minimum
tests to be conducted in the Security Audit. Supplier shall provide the results of each of its
Security Audits to Advanta within fifteen (15) Business Days after completion of the Security
Audit. In the event that a Security Audit reveals any material security exposures, Supplier shall
take such actions as are reasonably necessary to correct such exposures, to Advanta’s reasonable
satisfaction, as promptly as is commercially reasonable, and Advanta may audit to determine whether
the corrective action has been implemented and is effective.

22. DISASTER RECOVERY/BUSINESS CONTINUITY.

     22.1 Generally. Supplier shall develop and implement a disaster recovery plan (including
business continuity) and the following terms and conditions: no less than fifteen (15) days prior
to the applicable SOW Effective Date, Supplier shall prepare and provide to Advanta a draft
disaster recovery plan for such SOW. Advanta shall thereafter review such draft disaster recovery
plan and provide comments and suggestions to Supplier after receipt of such initial draft, upon
receipt of which Supplier shall promptly revise such draft plan in accordance with Advanta’s
comments and suggestions, as approved by Advanta, and provide such further revised draft of the
plan to Advanta for review and approval within fifteen (15) business days after receipt of
Advanta’s comments. The final draft of the disaster recovery plan (including business continuity)
for each SOW must be approved in writing by Advanta and, when approved by Advanta in writing, shall
be deemed the “Disaster Recovery Plan” for such SOW and shall be attached thereto as SOW
Attachment 2 (Disaster Recovery Plan). Each Disaster Recovery Plan must ensure that there will be
no significant interruption of the Services in the event of a disaster or outage affecting
Supplier’s Facilities. Advanta and its regulators may request reasonable changes to any Disaster
Recovery Plan and such requests shall be addressed promptly by Supplier.

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     22.2 Updates and Testing. Supplier shall periodically update and test the operability of each
Disaster Recovery Plan every six (6) months during the Term (provided that all such updates shall
be subject to the written approval of Advanta), and shall certify to Advanta in writing following
each such update and test that such Disaster Recovery Plan is fully operational.

     22.3 Implementation. In the event of any disaster or Force Majeure Event, Supplier shall
immediately implement the applicable Disaster Recovery Plan. Supplier shall not increase any Fees
hereunder in the event of, in response to, or in contemplation of any disaster or Force Majeure
Event.

23. RECORD RETENTION AND AUDIT.

     23.1 SAS 70 Audits. For each calendar year of the Term, Supplier shall engage an external
auditor to conduct an end-to-end Type II SAS 70 audit covering a period of six months, for
environmental controls at each of the Supplier Facilities covering physical security, IT security,
training and human resource, and a report shall be published annually. Supplier shall promptly
provide to Advanta’s auditors copies of each Type II SAS 70 audit report in connection with the
Services obtained by Supplier after the Effective Date. In the event Advanta determines that
another form of independently audited quality certification (such as independently audited and
certified ISO9001-2000 accreditation or a comprehensively implemented Six Sigma program) offered by
Supplier is adequate for Advanta to satisfy its Sarbanes-Oxley Requirements or other reporting
requirements, then Supplier will, upon Advanta’s request, provide copies of such documentation
relating to such quality certification that Advanta deems relevant. In the event that a Type II
SAS 70 audit is conducted for Supplier with respect to its overall provision of services to
customers, Supplier will be responsible for all costs. In the event that a Type II SAS 70 audit
is conducted for Supplier solely with respect to its provision of the Services, Advanta will be
responsible for all costs.

     23.2 Record Retention. Supplier shall and shall cause all Supplier Agents to comply with
Advanta’s record retention policies (including those specifically related to the Sarbanes–Oxley
Requirements), as such record retention policies may be updated from time to time. Until the later
of (a) seven (7) years after expiration or termination of this Agreement, or (b) all pending
disputes and other matters relating to this Agreement have been fully resolved Supplier shall
maintain and provide Advanta with access upon request to all records, documents, and other
information required to support Advanta’s audit rights under this Agreement, including records
documenting access to Advanta’s Confidential Information, Fees, Service Levels, compliance with
Laws, and related matters (the “Records”).

     23.3 Operational Audits. Supplier shall provide the auditors designated by Advanta in
writing, including Governmental Authorities, third-party auditors and Advanta’s internal audit
staff, with access at all times to any facility at which the Services are being performed, to
Supplier and Supplier Agent personnel, and to the data and records maintained by Supplier with
respect to the Services: (a) for the purpose of performing audits and inspections of Supplier, the
Supplier Agents, and their respective businesses as they relate to the Services (including any
audits necessary to enable verification of compliance with Regulatory Requirements); (b) for the

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purpose of verifying the integrity of personal information, examining the systems that
process, store, support, and transmit such data, confirming the security of such personal
information, and verifying Supplier’s compliance with the data protection requirements and other
data security requirements; (c) for the purpose of examining data and records pertaining to
Advanta’s or any other Service Recipient’s compliance with the Sarbanes-Oxley Requirements; (d) for
the purpose of confirming that the Services are being provided efficiently and in accordance with
this Agreement, including the Service Levels; and (e) for any other reasonable business purpose.
To the extent applicable to the Services, the scope of such audits and inspections may include:
(i) Supplier’s practices and procedures; (ii) the adequacy of general controls (e.g.,
organizational controls, input/output controls, system modification controls, processing controls,
system design controls, and access controls) and security practices and procedures; (iii) the
adequacy of disaster recovery and back-up procedures; and (iv) any analyses necessary to enable
compliance with applicable Regulatory Requirements. If any audit by an auditor designated by
Advanta, any other Service Recipient or a regulatory authority results in Supplier being notified
that Supplier or Supplier Agents are not in compliance with any Regulatory Requirement or audit
requirement (e.g., Sarbanes Oxley Requirements), Supplier shall, and shall cause Supplier Agents
to, promptly take actions to comply with such Regulatory Requirement or audit requirement.
Supplier shall bear the expense of any such response that is required by a Supplier Regulatory
Requirement or audit requirement relating to Supplier’s business or necessary due to Supplier’s
noncompliance with any Supplier Regulatory Requirement or audit requirement imposed on Supplier.
To the extent the expense is not payable by Supplier pursuant to the preceding sentence, Advanta
shall bear the expense of any such compliance that is required by any Advanta Regulatory
Requirement or audit requirement relating to Advanta’s business or necessary due to Advanta’s
noncompliance with any Advanta Regulatory Requirement or audit requirement imposed on Advanta.

     23.4 Financial Audits. Supplier shall provide the auditors designated by Advanta in writing,
including Governmental Authorities, third-party auditors and Advanta’s internal audit staff, with
access at all times to the Records for purposes of confirming the accuracy and correct calculation
of the Fees, Services Levels, and any other charges, credits, or fees related to this Agreement,
including any adjustment in Fees or any charges for New Services. If any such audit reveals an
overcharge by Supplier, Supplier shall promptly pay to Advanta the amount of such overcharge,
together with interest from the date of Supplier’s receipt of such overcharge at the rate of one
and one half percent (1.5%) per year. Any such audits shall be conducted at Advanta’s expense;
provided that, if any such audit reveals an overcharge of more than five percent (5%) of Fees or
other charges, Supplier shall promptly reimburse Advanta for the actual cost of such audit. If the
audit reveals an undercharge, Supplier shall invoice Advanta the amount of such undercharge in its
next monthly invoice and Advanta shall pay Supplier such amount. The audit shall not be carried out
more than once in one (1) year, except if there is a material dispute.

     23.5 Facilities. Supplier shall provide to Advanta and the other Service Recipients, on
Supplier’s premises (or, if the audit is being performed of a Supplier Agent, the Supplier Agent’s
premises if necessary), space, office furnishings (including lockable cabinets), telephone and

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facsimile services, utilities and office-related equipment and duplicating services as Advanta
or such other Service Recipients may reasonably require to perform the audits described herein.

     23.6 Audit Follow-up. Following any audit or examination performed hereunder, Advanta may
conduct (in the case of an internal audit) or request its external auditors or examiners to conduct
an exit conference with Supplier to obtain factual concurrence with issues identified in the
review. Supplier shall promptly make available to Advanta the results of any review or audit
conducted by Supplier, its Affiliates, or their respective contractors, agents, or representatives
(including internal and external auditors), relating to Supplier’s operating practices and
procedures to the extent relevant to the Services or to Advanta.

     23.7 General Principles Regarding Audits. Supplier shall make available on a timely basis any
information reasonably required to conduct an audit hereunder, and shall assist Advanta and its
auditors and other designees with such audits as necessary. Advanta shall require third-party
auditors to enter into confidentiality and non-disclosure agreements and comply with those
reasonable security and confidentiality requirements as Supplier may reasonably request in
connection with such audits. Advanta shall not use competitors of Supplier to conduct audits. Upon
the request of Advanta for a particular audit, Supplier shall promptly identify its competitors.

     23.8 Regulatory Examination. Without limiting the foregoing provisions of this Article 23,
Supplier shall, and shall ensure that any Supplier Agent shall, make available its facilities,
systems, personnel and records for examination or audit to authorized representatives of a
Governmental Authority or Card Association entitled to undertake an examination or audit related to
the Services. Supplier shall promptly notify Advanta in writing of any negative findings resulting
from any such audit or inquiry performed by a Governmental Authority or a Card Association in
connection with the Services. By entering into this Agreement, Supplier agrees that certain
federal and state agencies, including (a) the FDIC, (b) the State of Utah Department of Financial
Institutions, and (c) the governing authorities in any state in which Supplier is doing business or
performing Services will have the authority and responsibility to examine Supplier Records and
Supplier systems and Facilities used to provide the Services. Supplier further agrees that it is
subject to examination by government examiners, auditors, inspectors and regulators of any
governmental or industry body having jurisdiction over Advanta’s business to the same extent as
such Records, systems and Facilities would be subject to examination if Advanta were providing such
services on its own premises. If a governmental or industry body exercises its right to examine or
audit Supplier Records, Supplier systems or Supplier Facilities, Supplier shall provide all
reasonable assistance requested by Advanta or the governmental or industry body in responding to
such audits or government requests for information.

24. COMPLIANCE WITH LAWS; CHANGES IN LAW.

     24.1 General.

          a. Compliance by Advanta. With respect to the performance by Advanta of Advanta’s legal and
contractual obligations under this Agreement and each Statement of Work,

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Advanta shall comply in all material respects with all Laws applicable to (i) Advanta’s
receipt and use of the Services hereunder (other than Supplier Laws), and (ii) Advanta’s business
(collectively, “Advanta Laws”) during the Term and any Termination Assistance Period.

          b. Compliance by Supplier. With respect to the provision of the Services and the performance
of any of its other legal and contractual obligations under this Agreement and each Statement of
Work, Supplier shall comply in all material respects with all Laws applicable to (i) Supplier as a
provider of business process services generally, (ii) Supplier’s performance of the Services
hereunder, including the provision of Services from jurisdictions in which Supplier Facilities are
located, and (iii) the employment of Supplier Personnel (collectively, “Supplier Laws”) during the
Term and any Termination/Expiration Assistance Period.

          c. Notice of Laws.

               i. Supplier shall notify Advanta of any change in Supplier Laws that would be reasonably
likely to (i) negatively impact Supplier’s ability to perform the Services, or (ii) have any other
material adverse impact on Supplier’s ability to perform the Services.

               ii. Advanta shall notify Supplier of any changes in Advanta Laws that would be reasonably
likely to (i) negatively impact Supplier’s ability to perform the Services, or (ii) have any other
material adverse impact on Supplier’s ability to perform the Services.

               iii. Each Party will use commercially reasonable efforts to advise the other of Laws and
changes in Laws about which such Party becomes aware in the other Party’s area of responsibility,
but without assuming an affirmative obligation of inquiry, except as otherwise provided herein, and
without relieving the other Party of its obligations under this Agreement.

               iv. At Advanta’s request, Supplier Personnel will participate in Advanta-provided compliance
training programs.

          d. Interpretation of Laws or Changes in Laws.

               i. It its performance of this Agreement, Advanta shall be responsible, with Supplier’s
cooperation and assistance, for interpreting Advanta Laws or changes in Advanta Laws and for
identifying the impact of Advanta Laws or changes in Advanta Laws on Advanta’s receipt and use of
the Services.

               ii. In its performance of this Agreement, Supplier shall be responsible, with Advanta’s
cooperation and assistance, for interpreting Supplier Laws or changes in Supplier Laws and for
identifying the impact of such Supplier Laws or changes in Supplier Laws on Supplier’s performance
and Advanta’s receipt and use of the Services.

          e. Implementation of Changes in Laws. In the event of any change in Law (including Advanta
Laws to the extent Supplier receives notice of such Advanta Laws from

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Advanta), Supplier shall implement any necessary modifications to the Services prior to the
deadline imposed by the Governmental Authority having jurisdiction for such requirement or change
in accordance with Article 16.

     24.2 Regulatory Compliance. At the request of Advanta, Supplier shall and shall cause
Supplier Agents to use best efforts to cooperate with Advanta in order for Advanta or its
Affiliates to meet the requirements of Regulation AB (17 C.F.R. § 226.1100-1123) as related to
Asset Backed Securities to the extent disclosed to Supplier. Supplier shall bear the cost of any
Losses imposed by a Governmental Authority or Credit Card Association relating to Supplier’s
failure to comply with the terms of this Agreement, except that if the non-compliance is solely
attributable to (i) express written instructions by Advanta to Supplier, (ii) Supplier acting in
accordance with the applicable Policy and Procedures Manual approved by Advanta, (iii) Supplier’s
use of Advanta’s Systems in accordance with Advanta’s requirements; or (iv) account documentation
prepared by Advanta, Advanta shall bear the cost of such Losses. In addition Supplier agrees to
provide to Advanta information regarding any suspicious activity that Supplier is aware of related
to such accounts.

     24.3 Notice. Each Party shall notify the other Party of any changes in any Laws or Card
Association Rules of which it becomes aware, including any changes in the Regulatory Requirements,
that may relate to the Services.

     24.4 Permits. Supplier shall pay for and be solely responsible for obtaining and maintaining
such visas and other permits as may be required for any Supplier Agents to enter and remain in the
country in which Services are rendered in connection with this Agreement.

     24.5 Performance. Without limiting any other provision of this Agreement, Supplier shall use
best efforts to perform the Services regardless of changes in Laws or Card Association Rules and to
the extent permitted thereunder. If any such change prevents or materially hinders Supplier from
performing its obligations under this Agreement, Supplier shall promptly develop in cooperation
with Advanta and, upon Advanta’s prior written approval, shall implement a suitable work-around in
accordance with Article 16 until such time as Supplier can perform its obligations under this
Agreement without requiring such work-around. At no additional charge, Supplier shall provide
Advanta with any data and reports in Supplier’s possession that are required for Advanta to comply
with, or otherwise applicable to Advanta’s compliance with, any Laws or Card Association Rules.

     24.6 Termination. Without limiting any other provision of this Agreement, in the event that
any current or future Law or Card Association Rule makes all or any part of the implementation of
this Agreement or the provision of the Services impossible or impractical for the Parties, ******.
If Advanta elects to so terminate such affected portion(s) of this Agreement or such Services, the
Fees payable under this Agreement shall be equitably adjusted to reflect such termination.

25. REPRESENTATIONS, WARRANTIES AND COVENANTS.

     25.1 By Supplier. Supplier represents, warrants and covenants to Advanta that:

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          a. there are no pending or threatened claims against Supplier that could have a Material
Adverse Effect and Supplier is not aware of any circumstance that could give rise to such a claim;

          b. (i) the Services shall be rendered with promptness, efficiency, and diligence, and shall be
executed in a workmanlike and cost-effective manner, in accordance with the high professional
practices and standards used in well-managed suppliers performing services substantially similar to
the Services; (ii) it shall use an adequate number of qualified individuals with suitable training,
education, experience, and skill to perform the Services; (iii) it shall maintain quality
certifications for any Supplier Facilities at or from which Services are performed or provided, as
required from time to time by Advanta, and (iv) the Services shall strictly comply with all
applicable Laws and the terms of this Agreement to ensure protection of Customer Data and Advanta
Confidential Information.

          c. it shall maintain the Software and the Equipment so that they operate in accordance with
their respective specifications, including by means of, subject to the terms and conditions of this
Agreement: (i) maintaining the Software and the Equipment in good operating condition;
(ii) promptly undertaking repairs and preventive maintenance on the Equipment, including, at a
minimum, in accordance with applicable manufacturer’s recommendations; (iii) promptly installing
available Bug Fixes and Upgrades to the Software, subject to the terms and conditions of this
Agreement; and (iv) performing all Software maintenance necessary to ensure that the Software is
up-to-date and functioning in accordance with its specifications.

          d. it shall use any resources and services necessary to provide the Services efficiently, and
that it shall perform the Services in the most cost-effective manner consistent with the level of
quality and performance required hereunder.

          e. (i) it shall provide the Services using proven, current technology that shall both enable
Advanta to take advantage of technological advances in its industry, and support Advanta’s efforts
to maintain competitiveness in the markets in which it competes; (ii) in consultation with Advanta,
it shall implement all available upgrades in technology, allowing the Parties to realize the
benefits of any applicable increases in efficiency and productivity; (iii) it shall proactively
seek out new technologies by surveying key suppliers, in order to identify advances or changes in
technology that are or could be appropriate and beneficial to Advanta, and shall contribute to the
ongoing development of Advanta’s strategies, principles, and standards (including with respect to
technical, data, and applications architectures) at Advanta’s request; and (iv) it shall use
diligence and practices in accordance with Payment Card Industry Standards to identify and protect
against emerging security risks and threats.

          f. it shall perform its obligations hereunder in a manner that does not, and that the
Supplier-Provided Software and any Deliverables or other materials prepared by or on behalf of
Supplier in the course of performing the Services do not, and shall not, infringe upon or violate,
or constitute a misappropriation of, any patent, copyright, trademark, trade secret, license, or
other intellectual property rights or other rights of any third party.

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          g. it shall and shall cause the Supplier Agents to comply with all third party agreements
applicable to the provision of the Services, including, all of the terms and conditions for use of
Advanta-Provided Software.

          h. (i) each Supplier Subcontractor has entered into a Subcontractor Direct Agreement with
Advanta dated as of the Effective Date, (ii) it has, and the Supplier Subcontractors have, entered
into an EIPI Agreement with each of their respective employees providing the Services and (iii) it
shall, and shall cause the Supplier Subcontractors to, enter into an EIPI Agreement with each new
employee providing the Services.

          i. all Deliverables and other materials prepared by or on behalf of Supplier in the course of
performing the Services do and shall: (i) conform to their respective specifications; (ii) contain
no material bugs or defects; and (iii) work for their intended purposes.

          j. it is either the owner of, or expressly authorized to use for purposes of providing the
Services, all Supplier-Provided Software and any other software that is provided or used, or shall
be provided or used, by Supplier or any Supplier Agents in connection with this Agreement.

          k. (i) it shall use best efforts to ensure that no Viruses are coded or introduced into any
Software or Equipment used to provide the Services, into Advanta’s software or systems, or into any
Deliverables or other materials prepared by or on behalf of Supplier in the course of performing
the Services; (ii) if any Virus is discovered in any Software or Equipment used to provide the
Services or any Deliverables or other materials prepared by or on behalf of Supplier in the course
of performing the Services, Supplier shall immediately assist Advanta in mitigating the adverse the
effects of the Virus and, if the Virus causes a loss of operational efficiency or loss of data, in
mitigating such losses and restoring Advanta to its pre-loss position; and (iii) if any Virus is
discovered in Advanta’s systems and such Virus was introduced in violation of this Section 25.1(k),
Supplier shall indemnify Advanta for all Losses incurred as a result of such violation.

          l. without the prior written consent of Advanta, no Open Source Software: (i) has been or
shall be coded or otherwise introduced into, or shall be made part of, incorporated into, combined
with, used to create, or distributed in conjunction with, any Software or Equipment used to provide
the Services, into Advanta’s software or systems, or into any Deliverables or other materials
prepared, maintained, or delivered by or on behalf of Supplier in the course of performing the
Services; (ii) shall be used in any manner that creates, or purports to create, obligations for
Advanta with respect to any Software or Equipment used to provide the Services, any Advanta
software or systems, or any Deliverables or other materials prepared, maintained or delivered, by
or on behalf of Supplier in the course of performing the Services, or grants or purports to grant
to any third party any rights or immunities under any such Software, Equipment, Deliverables or
materials (including any use, modification and/or distribution of Open Source Software that
requires, as a condition of such use, modification, and/or distribution, that other software
integrated with, derived from, or distributed with such Open Source Software be (A) disclosed or
distributed in Source Code form or (B) redistributed at no charge).

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          m. (i) Supplier shall use best efforts to not introduce any Disabling Code into any Software
or Equipment used to provide the Services, into Advanta’s software or systems, or into any
Deliverables or other materials prepared by or on behalf of Supplier in the course of performing
the Services; (ii) with respect to any Disabling Code that may be part of the Software used to
provide the Services, Supplier shall not invoke, cause to be invoked, or permit the invocation of
such Disabling Code at any time without Advanta’s prior written consent; and (iii) if any Disabling
Code has been found introduced in violation of this Section 25.1(m), Supplier shall indemnify
Advanta for all Losses incurred as a result of such violation.

          n. with respect to all date-related data and functions, the Software or Equipment used to
provide the Services and any Deliverables or other materials prepared by or on behalf of Supplier
in the course of performing the Services shall accept input, perform processes, and provide output
in a manner that: (i) is consistent with its intended use and all applicable specifications;
(ii) prevents ambiguous or erroneous results, including date-related errors; and (iii) does not
result in any adverse effect on the Services.

          o. all costs to be charged to Advanta in connection with the performance of the Services are
expressly identified in this Agreement or SOWs, and that Supplier is unaware of any other costs
(whether direct charges, Pass-Through Expenses, or otherwise) that Advanta shall incur in
connection with Supplier’s performance of the Services.

          p. [intentionally deleted]

          q. it has not violated any Laws or Card Association Rules, or any Advanta policies of which
Supplier has been given notice, regarding the offering of unlawful inducements in connection with
this Agreement. If at any time during the Term, Advanta determines that the foregoing warranty is
inaccurate, then, in addition to any other rights Advanta may have at law or in equity, Advanta
shall have the right to immediately terminate this Agreement for cause upon notice to Supplier,
without penalty and without affording Supplier an opportunity to cure.

          r. it shall perform the Services in accordance with this Agreement, all Laws including Laws
for protection of Customer Data and Advanta Confidential Information and Card Association Rules
applicable to the Services. Supplier and each Supplier Agent shall operate its business in
accordance with all Laws including all Laws for protection of Customer Data and Advanta
Confidential Information and Card Association Rules applicable to its business, including all Laws
and Card Association Rules pertaining to licensing and registration, wages and hours of employment,
equal employment opportunity, non-discrimination, unemployment, social security, workers
compensation and withholding of taxes. Supplier represents and warrants to Advanta that it is an
equal opportunity employer. Supplier represents and warrants to Advanta that it does not
discriminate on the basis of race, color, religion, age, sex, national origin, marital status,
sexual orientation, veterans status, medical condition, disability, or any other legally protected
classification, except as permitted by Law.

          s. it shall not permit an individual, whether as an employee, agent, contractor or
subcontractor, to perform Services under this Agreement if such individual has been convicted of a
crime involving dishonesty, breach of trust or money laundering.

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          t. it makes the additional service-specific representations, warranties and covenants, if any,
set forth in the applicable SOW.

          u. the information provided by Supplier to Advanta in response to Advanta’s request for
proposal was true and correct in all material respects as of the date of such response and since
the date of such response, there has been no event, that, singly or in the aggregate, could
reasonably be expected to have a Material Adverse Effect.

          v. any information provided by Supplier to Advanta pursuant to Section 30.17 shall be true and
correct in all material respects as of the date such information is provided to Advanta.

          w. it shall immediately notify Advanta of any event that it is aware of, that, singly or in
the aggregate, could reasonably be expected to have a Material Adverse Effect.

     25.1.A By Advanta. Advanta represents, warrants and covenants to Supplier that:

          a. it shall perform its obligations hereunder in a manner that does not, and shall not,
infringe upon or violate, or constitute a misappropriation of, any patent, copyright, trademark,
trade secret, license, or other intellectual property rights or other rights of any third party.

          b. Advanta shall and shall cause the Service Recipients to comply with all third party
agreements applicable to the receipt of the Services, including, all of the terms and conditions
for use of Supplier-Provided Software and Third Party Software provided by the Supplier.

          c. Advanta is either the owner of, or expressly authorized to use for purposes of this
Agreement, all Advanta-Provided Software and any other software that is provided or used, or shall
be provided or used, by Advanta in connection with this Agreement.

          d. Advanta has or will have obtained all necessary consents from its vendors of
Advanta-Provided Third-Party Software, and no proprietary Advanta-Provided Software (i.e., software
in which Advanta owns the intellectual property rights) that is provided by or on behalf of Advanta
during the Term shall, to Advanta’s actual knowledge, infringe upon or violate, or constitute a
misappropriation of, any patent, copyright, trademark, trade secret, license, or other intellectual
property rights or other rights of any third party.

     25.2 Mutual Representations and Warranties.

          a. Authorization. Each Party represents and warrants to the other Party that: (i) it has the
requisite power and authority to enter into this Agreement and to carry out the transactions and
perform its obligations as contemplated by this Agreement; and (ii) the execution, delivery and
performance of this Agreement and the consummation of the transactions contemplated by this
Agreement have been duly authorized by any requisite action on the part of such Party.

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          b. No Violation. Each Party represents and warrants to the other Party that its execution,
delivery, and performance of this Agreement does not and shall not constitute: (i) a violation of
any judgment, order, or decree; (ii) a material default under any material contract by which it or
any of its material assets are bound; or (iii) an event that would, with notice or lapse of time,
or both, constitute such a default as described in Section 25.2(b)(ii).

26. TERMINATION AND TERMINATION/EXPIRATION ASSISTANCE.

     26.1 Termination for Cause by Advanta. If Supplier: (i) commits a material breach of this
Agreement, which breach is either (A) not cured within thirty (30) days from the date Supplier
receives written notice of such breach (or such longer cure period as specified by Advanta in such
notice) or (B) not capable of being cured within thirty (30) days from the date that Supplier
receives written notice of such breach (or such longer cure period as specified by Advanta in such
notice); (ii) without limiting the foregoing, commits multiple breaches of its representations,
warranties or covenants, or obligations hereunder which collectively materially impact Advanta’s
business or the Services or constitute a material breach of this Agreement; (iii) fails to
successfully implement the Disaster Recovery Plan in accordance with the timeframe set forth
therein after a Force Majeure Event; or (iv) fails to adjust pricing within ninety (90) days after
completion of benchmarking; then Advanta may, by means of written notice to Supplier, immediately
terminate this Agreement or any SOW in whole or in part as of the date specified in the notice of
termination. If Advanta elects to so terminate this Agreement or such SOW in part, the Fees
payable under this Agreement shall be equitably adjusted to reflect those Services that have been
terminated.

     26.2 Regulatory Termination. Advanta may, by means of written notice to Supplier, terminate
this Agreement or any SOW in its discretion, in whole or in part as of the date specified in the
notice of termination by paying the applicable Early Termination Fee, if its regulators object to
any terms or conditions or if Advanta reasonably believes that Supplier’s performance under the
Agreement would cause Advanta to fall out of compliance with the Advanta Regulatory Requirements
and Supplier cannot reasonably cure the performance problem.

     26.3 Supplier Right to Terminate. Supplier shall have the right to terminate this Agreement
solely in the event of a failure by Advanta to make timely payment of any Fees that are due and
payable under this Agreement and that are not subject to good faith dispute by Advanta, which
failure is not cured within sixty (60) days from the date Advanta receives written notice of such
failure. Due to the impact any termination of this Agreement would have on Advanta’s business,
Advanta’s failure to perform its responsibilities set forth in this Agreement (other than as
provided in this Section 26.3) shall not be grounds for termination by Supplier. SUPPLIER
ACKNOWLEDGES THAT ADVANTA WOULD NOT BE WILLING TO ENTER INTO THIS AGREEMENT WITHOUT ASSURANCES THAT
THIS AGREEMENT MAY NOT BE TERMINATED BY SUPPLIER AND THAT SUPPLIER MAY NOT SUSPEND PERFORMANCE,
EXCEPT, AND ONLY TO THE EXTENT, SUPPLIER TERMINATES PURSUANT TO THIS SECTION 26.3.

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     26.4 Advanta Termination for Convenience; Termination During Pilot; Termination of SOW(s).

          a. Advanta may, in its sole discretion, terminate this Agreement in whole or in part at any
time while any Pilot Period is still in effect, or by written notice given within fifteen (15) days
after expiration of the Pilot Period, by paying the applicable Early Termination Fee.

          b. Advanta may, at any time, in its discretion, terminate this Agreement or any SOW, in whole
or in part, for convenience, without cause and without further obligation to Supplier, by giving
Supplier at least one-hundred-twenty (120) days prior written notice designating the date upon
which such termination for convenience will become effective. In the event that Advanta exercises
such right to terminate before the expiration of the Initial Term, Advanta shall pay to Supplier
the applicable Early Termination Fee.

          c. Either Party may terminate this Agreement effective upon notice to the other Party if no
SOW is still in effect.

     26.5 Termination for Change in Control. In the event: (a) of a change in Control of
Supplier, where such Control is acquired, directly or indirectly, in a single transaction or series
of related transactions by (i) a competitor of Advanta or (ii) an entity whose acquisition of
Control would, in Advanta’s opinion, adversely affect Advanta’s business or the Services; (b) that
all or substantially all of the assets of Supplier are acquired by any entity; or (c) that Supplier
is merged with or into another entity to form a new entity, then at any time after the first to
occur of such events, Advanta may terminate this Agreement or any SOW in its discretion, in whole
or in part, by giving Supplier at least ninety (90) days prior written notice designating the date
upon which termination will become effective. It is hereby clarified that a public issue or offer
for sale of shares or secondary securities of the Supplier or its affiliates shall not constitute a
change in Control of Supplier. In the event that Advanta terminates this Agreement or any SOW upon
a change in Control of Supplier, it shall pay the applicable Early Termination Fee.

     26.6 Termination for Bankruptcy or Material Adverse Change. In the event: (a) Supplier files
any petition in bankruptcy; (b) Supplier has an involuntary petition in bankruptcy filed against it
that is not both challenged within thirty (30) days and dismissed within sixty (60) days after
filing, or avails itself of or becomes subject to any petition or proceeding under any statute of
any state or country relating to insolvency or the protection of the rights of creditors, or any
other insolvency or bankruptcy proceeding or other similar proceeding for the settlement of its
debt is instituted; (c) Supplier becomes insolvent; (d) Supplier makes a general assignment for the
benefit of creditors; (e) Supplier admits in writing its inability to pay its debts as they mature;
(f) Supplier has a receiver appointed for its assets; (g) Supplier ceases conducting business in
the normal course; (h) Supplier has any significant portion of its assets attached; or (i) Supplier
undergoes, or publicly admits to undergoing, a change that, singly or in the aggregate, could
reasonably be expected to have a Material Adverse Effect on Supplier, then Advanta may terminate
this Agreement or any SOW

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in its discretion, in whole or in part, immediately by written notice designating the date
upon which termination will become effective.

     26.7 Termination for Repeated Failure to Meet Service Levels.

          a. Supplier shall be deemed to have committed a material breach of this Agreement that is not
capable of being cured and Advanta shall have the right to terminate:

               i. any SOW, beginning three (3) months after the Launch Date for such SOW, in the event that
Supplier either (i) fails to meet ****** the same Key Service Level identified in such SOW or (ii)
pays or credits to Advanta in any rolling ******, net ******, that exceed by ****** under the
applicable SOW during such twelve (12) month period; and

               ii. this Agreement, beginning three (3) months after the Launch Date for the first SOW in the
event that aggregate ******, net ******, paid by Supplier under all SOWs in any rolling ******
exceed by ****** under all SOWs during such ****** (excluding miscellaneous Fees such as transition
services Fees or consulting Fees).

          b. For purposes of this Section 26.7, “At Risk Fees” shall mean an amount equal to (x) ******
times (y) aggregate ****** during any rolling ****** under an SOW, if termination is pursuant to
Section 26.7(a)(i), or under all SOWs, if termination is pursuant to Section 26.7(a)(ii).

          c. The Parties agree that Supplier’s performance for the ****** evaluation period of new
Service Levels established by Advanta pursuant to Section 5.1 or by the Operating Committee
pursuant to Section 5.3(b) shall not be subject to ****** and shall ****** for determination of
****** pursuant to this Section 26.7.

     26.8 Termination for Force Majeure Event. If Supplier’s performance of its obligations
hereunder or the provision of the Services is delayed or interrupted because of a Force Majeure
Event for more than twenty (20) days, and Supplier cannot provide a temporary alternative
acceptable to Advanta in Advanta’s sole discretion, Advanta may, at its option, either:
(a) terminate the affected SOW or portion of the Services in its discretion and without liability,
by written notice to Supplier designating the date upon which termination will become effective; or
(b) contract with a third party for substitute services and, by written notice to Supplier, suspend
Supplier’s performance of such portion of the Services for the duration of such contract (or for
such other period of time as Advanta desires). In either case, Supplier shall promptly provide
Advanta with an equitable adjustment in Fees hereunder to reflect the termination or suspension of
such Services.

     26.9 Adjustment. Without limiting any other provision of this Agreement, in the event of any
termination-in-part by Advanta hereunder the Fees payable under this Agreement for Services shall
be equitably adjusted to reflect those Services that have been terminated.

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     26.10 Termination/Expiration Assistance. As part of the Services, Supplier shall provide
Termination/Expiration Assistance corresponding to each SOW, in accordance with the following terms
and conditions:

          a. Generally. For a period of up to eighteen (18) months following termination or expiration
of this Agreement and all SOWs or any individual SOW, as determined by Advanta in its discretion,
Supplier shall provide to Advanta and Advanta’s designee(s), at Advanta’s request and at Advanta’s
cost, the reasonable termination/expiration assistance requested by Advanta to allow the Services
provided pursuant to this Agreement and such SOW(s) to continue without interruption or adverse
effect and to facilitate the orderly transfer of such Services to Advanta or its designee(s) (such
assistance, “Termination/Expiration Assistance” for such SOW). Supplier shall provide such
Termination/Expiration Assistance in accordance with this Section 26.10, even if Supplier has
terminated this Agreement for cause.

          b. Charges. Advanta will pay Supplier for Termination/Expiration Assistance in accordance
with the Fee structure that would have been applicable for the period during which the
Termination/Expiration Assistance will be provided had the termination/expiration of the relevant
SOW not occurred, unless agreed otherwise between the Parties.

          c. Termination/Expiration Assistance Services. All Termination/Expiration Assistance shall be
provided in accordance with the terms and conditions generally governing Supplier’s provision of
the Services hereunder. Supplier shall perform Services during the Termination/Expiration
Assistance Period with at least the same degree of accuracy, quality, completeness, timeliness,
responsiveness, and resource efficiency as it provided and was required to provide the same or
similar Services throughout the Term, and shall ensure that the quality and level of the Services
is not degraded during any Termination/Expiration Assistance Period. After the expiration of the
Termination/Expiration Assistance Period for a given SOW, Supplier shall answer questions from and
reasonably cooperate with Advanta regarding the Services provided pursuant to such SOW on an “as
needed” basis, at Supplier’s then-standard commercial billing rates. Termination/Expiration
Assistance for a given SOW shall include the following:

               i. Within thirty (30) days after the commencement of Termination/Expiration Assistance for a
given SOW, Supplier shall provide Advanta at Advanta’s cost with a complete plan for operational
turnover that enables a smooth transition of the functions performed by Supplier under such SOW to
Advanta and its designee(s) (such plan, the “Turnover Plan” for such SOW). Each Turnover Plan
shall be deemed Advanta’s Confidential Information. Upon Advanta’s approval of the Turnover Plan
for a given SOW, Supplier shall provide all further Termination/Expiration Assistance for such SOW
in accordance with such Turnover Plan. No provision of Termination/Expiration Assistance shall be
deemed complete hereunder until the Advanta General Program Manager confirms in writing that all
tasks and Deliverables set forth in the applicable Turnover Plan have been completed and delivered.

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               ii. Supplier shall provide sufficient personnel with current knowledge of the Services to work
with the appropriate staff of Advanta and, if applicable, Advanta’s designee(s), to provide any
Termination/Expiration Assistance and to define the specifications for turnover in a manner
consistent with the applicable Turnover Plan. Supplier shall cooperate with Advanta and its
designees in transitioning any functions performed by Supplier or Supplier Agents under this
Agreement in the same manner as described in Section 3.2(b) for third parties performing any of the
Services. Supplier will charge Advanta at commercially reasonable rates for any additional
personnel who are necessary to perform Termination Assistance Services, who are not part of the
team performing Services in the normal course of events and who are approved by Advanta.

               iii. Supplier shall promptly cooperate with Advanta and provide Advanta and its designees with
any information necessary to effectuate a smooth transfer of the functions performed by Supplier
under the applicable SOW to Advanta and its designee(s).

               iv. Within thirty (30) days after the commencement of any Termination/Expiration Assistance,
Supplier shall provide Advanta with a detailed written description of all Services provided
pursuant to the applicable SOW, including: (A) a description of staffing levels and Supplier’s
structure/organization used to provide such Services; (B) a detailed list of all software and tools
used in performing such Services, and (C) full job descriptions and experience levels.

               v. Supplier shall identify suitable functionally-equivalent replacements for any shared
hardware or software being used by Supplier in providing the Services as of the commencement of
Termination/Expiration Assistance.

     26.11 Post-Termination Obligations. Commencing on the latter of the expiration or termination
of this Agreement and the last day of the latest-to-expire Termination/Expiration Assistance
Period:

          a. Supplier shall: (i) deliver to Advanta, at no cost to Advanta, a current copy of all of
any Advanta-Provided Software in the form in use as of that time; (ii) destroy or erase, and cause
all Supplier Agents to destroy or erase, all copies of any Advanta-Provided Software in Supplier’s
(or Supplier Agents’, as applicable) care, custody, or control; and (iii) provide Advanta with a
certification, by an officer of Supplier, of such destruction or erasure.

          b. Upon Advanta’s request, Supplier shall return to Advanta, if not previously returned or
disposed of in accordance with this Agreement, all Advanta-Provided Equipment in condition at least
as good as the condition thereof on the Effective Date, ordinary wear and tear excepted.

     26.12 Early Termination Fee.

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          a. Advanta shall pay Supplier within thirty (30) days after termination of this Agreement,
Pilot SOW or SOW, as the case may be, the applicable Early Termination Fee as follows:

               i. for termination of this Agreement for Advanta’s convenience pursuant to Section 26.4, a Fee
equal to (x) 60% times the Fees, set forth in the Fee schedules of any Pilot SOW or SOW in
existence at the time of termination, for the full time employees (“FTEs”) of Supplier performing
the Services under such Pilot SOW or SOW in the calendar month immediately preceding the date of
termination multiplied by six, plus (y) applicable Stranded Costs.

               ii. for termination of a Pilot SOW or SOW for Advanta’s convenience pursuant to Section 26.4
without termination of this Agreement, a Fee equal to (x) 60% times the Fees, set forth in the Fee
schedules of such SOW, for the FTEs of Supplier performing the Services under such SOW in the
calendar month immediately preceding the date of termination multiplied by six, plus (y) applicable
Stranded Costs.

               iii. ******

          b. The Parties acknowledge and agree that the Early Termination Fee: (i) shall be Supplier’s
sole and exclusive remedy with respect to damages that would be sustained by Supplier as a result
of Advanta’s termination of this Agreement pursuant to Sections 24.6, 26.2, 26.4 and 26.5, (ii) is
reasonable under the circumstances existing on the Effective Date and reasonably approximates the
amount of damage that would be sustained by Supplier as a result of Advanta’s termination of this
Agreement as set forth in this Agreement and that it is impracticable or extremely difficult to
determine the actual damages that would be sustained by Supplier as a result of early termination
and (iii) that the Early Termination Fee is not a penalty.

27. INDEMNIFICATION.

     27.1 Indemnity.

          a. By Supplier. Supplier shall indemnify, defend, and hold harmless Advanta, its Affiliates
and the Service Recipients and each of their respective officers, directors, employees, agents,
licensors, successors, and assigns, from and against any and all Losses and threatened Losses
arising from, in connection with, or based on (a) Supplier’s and each Supplier Agent’s performance
of or failure to perform the Services or any of its obligations under this Agreement; or (b) breach
by Supplier or Supplier Agent of any representation or warranty set forth in this Agreement or in
any SOW.

          b.
By Advanta. Advanta shall indemnify, defend, and hold harmless Supplier, its Affiliates
and each of their respective officers, directors, employees, agents, licensors, successors, and
assigns, from and against any and all Losses and threatened Losses arising from, in connection
with, or based on (a) Advanta’s performance or failure to perform its obligations under this
Agreement; or (b) breach by Advanta of any representation or warranty set forth in this Agreement
or in any SOW.

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     27.2 Infringement. If any Services, any materials made available hereunder by Supplier or
Supplier Agents to provide the Services, or any Deliverables or other materials prepared by or on
behalf of Supplier in the course of performing the Services, becomes (or in Supplier’s reasonable
opinion is likely to become) the subject of an infringement or misappropriation claim or
proceeding, Supplier shall, in addition to fulfilling its indemnification obligations in accordance
with this Article 27 and in addition to any other rights or remedies available to Advanta under
this Agreement, promptly take the following actions at no additional charge to Advanta: (a) secure
the right to continue using the Service, material or Deliverable; or (b) if unable to do so,
replace or modify the Service, material or Deliverable to make it non-infringing; provided that any
such replacement or modification shall not degrade the performance or quality of the Service,
material or Deliverable, the Services as a whole, or Supplier’s performance under this Agreement;
or (c) solely for materials made available hereunder by Supplier or Supplier Agents to provide the
Services and solely if neither of the remedies provided for in Section 27.2(a) or (b) are available
to Supplier, remove the affected material from the Services in such a manner that shall not degrade
the performance or quality of the Services. In the event that Supplier elects the option set forth
in Section 27.2(c), the Fees shall promptly be equitably reduced to reflect the removal of such
material, and if in Advanta’s reasonable opinion such removal is material to all or any portion of
the remaining Services, Advanta may terminate such portion of the affected Services or the entire
Agreement, as the case may be, immediately upon notice to Supplier and without penalty. Supplier
shall have no liability for any claim of infringement under Section 27.2 or 27.3 arising as a
result of modifications by persons other than Supplier or the Supplier Agents to the Supplier
Provided Materials, Embedded Software, Deliverable, Inventions or any other material provided by
the Supplier (“Supplier Indemnified Materials”); the use of the Supplier Indemnified Materials for
applications not covered or understood by the parties under this Agreement or the relevant SOW; and
the combination, operation or use of the Supplier Indemnified Materials with software, equipment or
other materials not approved by Supplier or any infringement resulting from any instruction,
information or specification furnished by Advanta which Advanta knew would result in infringement.

     27.3 Indemnification Procedures. With respect to Losses that are subject to indemnification
hereunder, the following procedures shall apply:

          a. Notice. After receipt by a Party (the “Indemnified Party”) of notice of the commencement
or threatened commencement of any civil, criminal, administrative, or investigative action or
proceeding involving a claim in respect of which the Indemnified Party will seek indemnification
pursuant to this Article 27, the Indemnified Party shall promptly notify the other Party (the
“Indemnifying Party”) of such claim in writing. No failure to so notify the Indemnifying Party
shall relieve the Indemnifying Party of its obligations under this Agreement except to the extent
that it can demonstrate that it was materially prejudiced by such failure. Within fifteen (15)
days following receipt of written notice from the Indemnified Party relating to any such claim, but
no later than thirty (30) days before the date on which any response to a complaint or summons is
due, the Indemnifying Party shall notify the Indemnified Party, in writing, whether or not the
Indemnifying Party elects to assume control of the defense and settlement of that claim (a “Notice
of Election”).

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          b. Procedure Following Notice of Election. If the Indemnifying Party delivers a Notice of
Election relating to any claim pursuant to this Article 27 within the required notice period and
such Notice of Election indicates that the Indemnifying Party elects to assume control of the
defense and settlement of such claim, the Indemnifying Party shall be entitled to have sole control
over the defense and settlement of such claim with counsel selected by the Indemnifying Party
unless such claim seeks an injunction or other equitable relief against the Indemnified Party;
provided, however, that the Indemnifying Party shall not have the right to defend or direct the
defense of any such claim if it does not acknowledge fully its obligations to the Indemnified Party
or contests, in whole or in part, its indemnification obligations therefore, or if counsel for the
Indemnified Party reasonably advises the Indemnified Party that there are issues which raise legal
conflicts of interest between the Indemnifying Party and the Indemnified Party, then in each case
the Indemnified Party may retain counsel reasonably satisfactory to it, assume control of the
defense and/or settle the claim in such manner as it may deem appropriate. The Indemnified Party
shall have the right to participate in the defense of any claim with counsel selected by it subject
to the Indemnifying Party’s right to direct the defense. The fees and disbursements of such
counsel shall be at the expense of the Indemnified Party; provided, however, that the fees and
disbursements of such counsel shall be at the expense of the Indemnifying Party (i) in the case of
any claim which seeks injunctive or other equitable relief against the Indemnified Party, (ii)
where the Indemnifying Party does not acknowledge fully its obligations to the Indemnified Party or
contests, in whole or in part, its indemnification obligations therefore, or (iii) if counsel for
the Indemnified Party reasonably advises the Indemnified Party that there are issues which raise
legal conflicts of interest between the Indemnifying Party and the Indemnifying Party. The
Indemnifying Party agrees not to settle any such claim for which it is indemnifying the Indemnified
Party without first obtaining the Indemnified Party’s consent thereto (which consent shall not be
unreasonably withheld or delayed).

          c. Procedure Where No Notice of Election Is Delivered. If the Indemnifying Party does not
deliver a Notice of Election relating to a claim subject to indemnification under this Article 27
within the required notice period, the Indemnified Party shall have the right to defend and/or
settle the claim in such manner as it may deem appropriate, at the sole cost and expense of the
Indemnifying Party. The Indemnifying Party shall cooperate in any such defense and/or settlement,
and shall promptly reimburse the Indemnified Party for all such costs and expenses.

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27A. LIMITATION OF LIABILITY

     27A.1 Direct Damages.

     a. Notwithstanding anything to the contrary herein, out of the aggregate liability cap set
forth in Section 27A.1(a) above, the liability of each Party to the other Party for any Losses,
including Losses arising from third party claims, whether based upon claim in contract, tort
(including negligence), misrepresentation, equity or otherwise, including indemnification for third
party claims, shall not exceed ****** (or if such event occurs ******, the amount equal to the
greater of (i) ****** under this Agreement from the Effective Date to the date of the claim or (b)
$******.)

     b. Notwithstanding anything to the contrary herein, the liability of each Party to the other
Party for any Losses, excluding indemnification for third party claims, whether based upon claim in
contract, tort (including negligence), misrepresentation, equity or otherwise, shall not exceed
****** (or if such event occurs ******, the amount equal to the greater of (i) ****** under this
Agreement from the Effective Date to the date of the claim or (ii) $******.)

     c. Notwithstanding anything to the contrary herein, neither Party shall be liable to the other
for any indirect, incidental, punitive, exemplary, special or consequential damages of any kind or
nature whatsoever.

PROVIDED, HOWEVER, THAT THE FOREGOING LIMITATIONS ON SUPPLIER’S LIABILITY IN SECTIONS
27A.1(a), (b) AND (c) SHALL NOT APPLY TO ******.

28. DISPUTE RESOLUTION.

     Any dispute between the Parties arising out of or relating to this Agreement, including with
respect to the interpretation of any provision of this Agreement and with respect to the
performance by Supplier, Supplier Agents or Advanta (each, a “Dispute”), shall be resolved in
accordance with this Article 28.

     28.1 Informal Proceedings. Subject to Section 28.1(d), prior to the initiation of formal
dispute resolution procedures as permitted under this Agreement, the Parties shall first attempt to
resolve their Dispute informally, as follows:

          a. Program Managers. All Disputes shall initially be referred to each Party’s General Program
Manager. The General Program Managers shall meet as often as they reasonably deem necessary in
order to each gather and furnish to the other any information with respect to the matter in issue
which the Parties believe to be appropriate and germane to its resolution. The General Program
Managers shall discuss the problem in good faith and attempt to resolve the Dispute. If the
General Program Managers are unable to resolve the Dispute within thirty (30) days after referral
of the Dispute, the Parties shall promptly submit the Dispute to the Steering Committee for
resolution in accordance with Section 28.1(a).

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          b. Steering Committee. The Steering Committee shall consider and discuss each Dispute in good
faith and shall attempt to resolve each Dispute without the necessity of any formal proceeding.
Any decision by the Steering Committee in resolution of a Dispute shall require a majority vote of
the Steering Committee.

          c. Formal Proceedings. Formal proceedings for the resolution of a Dispute shall not be
commenced until the earlier of: (i) the conclusion by the Steering Committee in good faith that
amicable resolution through continued negotiation of the matter does not appear likely; or
(ii) thirty (30) days after referral of the Dispute to the Steering Committee in accordance with
Section 28.1(a).

          d. Exclusions. The provisions of Article 28 shall not affect termination rights set forth in
this Agreement and shall not be construed to prevent either Party from instituting, and each Party
is authorized to institute, formal proceedings earlier to avoid the expiration of any applicable
limitations period, or to preserve a superior position with respect to creditors, or as otherwise
expressly provided herein.

     28.2 Arbitration.

          a. If the Parties are unable to resolve a Dispute under Section 28.1, then such Dispute shall
be finally settled under the Rules of Arbitration (the “Rules”) of the International Chamber of
Commerce (the “ICC”) at the election of either Party (the “Disputing Party”). Arbitration shall be
conducted in accordance with the then-current rules of the International Chamber of Commerce (the
“ICC Rules”). Arbitration shall be conducted by a single arbitrator who shall be appointed in
accordance with the Rules. The arbitrator shall have no power or authority to amend or disregard
any provision of this Section 28.2 or any other provision of this Agreement. The arbitration
hearing shall be held in New York, in the English language, shall be commenced promptly, and shall
be conducted on an expedited basis and in confidence. The award rendered by the arbitrator shall
be final and binding upon the Parties, and judgment may be entered upon it in accordance with law
in any court having jurisdiction thereof; provided, however, that the arbitrator shall be required
to decide the arbitration in accordance with the terms and conditions of this Agreement, including
its governing law provisions. The Parties hereby waive, to the extent permitted by Law, and agree
not to invoke or exercise, any and all rights to appeal, review or impugn such decision or award by
any court or tribunal. The Parties agree that the arbitral decision or award may be enforced
against the Parties to the arbitration proceeding or their assets wherever they may be found, and
that a judgment upon the arbitral decision or award may be entered in any court having jurisdiction
thereof and the Parties agree to take such action as may be necessary to permit the enforcement of
an arbitral decision or award pursuant to the terms hereof.

          b. The Parties acknowledge and agree that performance of the obligations under this Agreement
necessitates the use of instrumentalities of interstate commerce and, notwithstanding other general
choice of law provisions in this Agreement, the Parties agree that the United States Arbitration
Act (Title 9 of the U.S. Code) shall govern the interpretation, enforcement and proceedings with
respect to this Section 28.2.

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     28.3 Equitable Relief. Notwithstanding the provisions of Sections 28.1 and 28.2, in the event
a Party makes a good faith determination that a breach of the terms of this Agreement by the other
Party is such that it will cause such harm and a temporary restraining order or other injunctive
relief is the only appropriate and adequate remedy, including a breach of Articles 18
(Solicitation), 20 (Confidentiality) and 21 (Customer Data; Data Security) or a breach of any
provision respecting intellectual property rights, the non-breaching Party shall be entitled to
seek immediate injunctive and other equitable relief, without bond and without the necessity of
showing actual money damages.

     28.4 Jurisdiction. Each Party hereby irrevocably consents to venue in New Castle County,
Delaware and to the non-exclusive jurisdiction of competent Delaware state courts or federal courts
in the District of Delaware for all litigation which may be brought, subject to the requirement for
arbitration hereunder, with respect to the terms of, and the transactions and relationships
contemplated by, this Agreement. Advanta shall not be subject to suit in any jurisdiction outside
of the State of Delaware.

     28.5 Governing Law. This Agreement shall in all respects be construed and enforced in
accordance with and governed by the internal laws of the State of Delaware without giving effect to
any choice of law rule that would cause the application of the laws of any jurisdiction other than
the internal laws of the State of Delaware to the rights and duties of the Parties. The Parties
hereto consent to the non-exclusive jurisdiction of any State or Federal court sitting in the State
of Delaware and any appellate court from any thereof in any action or proceeding arising out of or
relating to this Agreement.

     28.6 Certain Written and Oral Statements. Supplier and Advanta agree that written or oral
statements or offers of settlement made in the course of the dispute resolution process set forth
in Sections 28.1 or 28.2: (i) will be deemed Confidential Information hereunder; (ii) will not be
offered into evidence, disclosed, or used for any purpose in any formal proceeding; and (iii) will
not constitute an admission or waiver of rights. Each Party shall promptly return to the other
Party, upon request, any such written statements or offers of settlement made by such other Party,
including all copies thereof.

     28.7 Continuity of Services. Supplier acknowledges that the performance of its obligations
hereunder is critical to the business and operations of Advanta, and accordingly, in the event of a
dispute or proceeding between Advanta and Supplier, Supplier shall continue to perform its
obligations under this Agreement in good faith throughout the course of such dispute as if such
dispute had not arisen, unless and until this Agreement is terminated in accordance with its terms.

29. INSURANCE.

     29.1 Coverage. Supplier shall during the Term and at its expense have and maintain in force
at least the following insurance coverages with reputable insurers, and with respect to all
insurance purchased in the US, the insurers issuing such coverage shall have an A.M. Best’s
Insurance Rating of A-:VII or better.

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          a. Employer’s Liability Insurance, including coverage for occupational injury, illness and
disease, and other similar social insurance with minimum limits per employee and per event of
****** and a minimum aggregate limit of ****** or the minimum limits required by Law, whichever
limits are greater.

          b. Worker’s Compensation Insurance, including coverage for occupational injury, illness, and
disease, and other similar social insurance in accordance with the laws of the country, state, or
territory exercising jurisdiction over the employee.

          c. Comprehensive Commercial General Liability Insurance, including Products, Completed
Operations, Premises Operations, Contractual and Broad Form Property Damage liability coverages, on
an occurrence basis, with a minimum combined single limit per occurrence of at least ****** and an
annual aggregate limit of ******. This coverage shall be endorsed to name Advanta as an
additional insured. This coverage may be provided with a combination of primary and umbrella/excess
insurance policies.

          d. Property Insurance for all risks of physical loss of or damage to owned buildings, business
personal property, or other property that is in the possession, care, custody, or control of
Supplier pursuant to this Agreement, with a minimum limit adequate to cover risks on a replacement
costs basis.

          e. Automotive Liability Insurance covering use of all owned, non-owned, and hired automobiles
for bodily injury, property damage with a minimum combined single limit per accident of at least
******. If the Services are performed outside the U.S., Supplier shall maintain the
required compulsory insurance.

          f. Commercial Crime Insurance, including coverage for Employee Dishonesty and Computer Fraud,
for loss or damage arising out of or in connection with any fraudulent or dishonest acts committed
by the employees of Supplier, acting alone or in collusion with others, including third party
coverage, with a minimum limit per event of ****** and in annual aggregate.

          g. Errors and Omissions Liability Insurance covering liability for loss or damage due to an
act, error, omission, or negligence, with a minimum limit per event of ****** with an annual
aggregate limit of ******.

          h. Umbrella Liability Insurance with a minimum limit of ****** in annual aggregate in excess
of the insurance coverage described in Sections 29.1(a), 29.1(c), and 29.1(e).

     29.2 Insurance Terms.

          a. The insurance coverages under Sections 29.1(a) through 29.1(h) shall be primary, and all
coverage shall be non-contributing with respect to any other insurance or self insurance that may
be maintained by Advanta. To the extent any coverage is written on a claims-made basis, rather
than occurrence basis, then Supplier shall continue to maintain such insurance for one (1) year
following termination or expiry of this Agreement.

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          b. Supplier shall cause its insurers to name Advanta Bank Corp. and Advanta Corp. as an
additional insureds on the Comprehensive General Liability Insurance policy and to issue
certificates of insurance evidencing that the coverages required under this Agreement are
maintained in force and that not less than thirty (30) days’ written notice shall be given to
Advanta prior to any modification, cancellation, or non-renewal of the policies. The insurers
selected by Supplier shall be of good standing and authorized to conduct business in the
jurisdictions in which Services are to be performed. When the policy is issued each such insurer
shall have at least an A.M. Best rating of A-VII and replacement coverage shall be sought if the
insurer’s rating goes below such rating. Supplier shall ensure that the Supplier Subcontractors,
if any: (i) maintain (A) such insurance provided in Section 29.1(a), with minimum limits of
******; (B) such insurance provided in Section 29.1(c), with minimum limits of ******, which
coverage shall be endorsed to name Supplier as additional insured; and (C) such insurance provided
in Section 29.1(e), with minimum limits of ****** per person and ****** per occurrence. Provided
that if any Supplier’s Agent’s insurance coverage limits are less than the applicable requirement,
Supplier shall obtain Advanta’s written approval for any exceptions to or reductions below this
requirement.

          c. If any loss or damage or other event requires notice or other action under the terms of any
insurance coverage specified in this Article 29, Supplier shall be solely responsible for taking
such action. Supplier shall provide Advanta with contemporaneous notice and with other information
that Advanta may request regarding the event pertaining to this Agreement. Advanta shall provide
Supplier reasonable assistance and cooperation with respect to any insurance claim.

          d. Supplier’s obligation to maintain insurance coverage hereunder shall be in addition to, and
not in substitution for, Supplier’s other obligations hereunder, and Supplier’s liability to
Advanta shall not be limited to the amount of coverage required hereunder.

30. MISCELLANEOUS.

     30.1 Assignment. This Agreement may not be assigned by Supplier, in whole or in part, without
the prior written consent of Advanta, and any such attempted assignment shall be deemed null and
void. This Agreement may not be assigned by Advanta, in whole or in part, without the prior
written consent of Supplier, and any such attempted assignment shall be deemed null and void,
provided, however, that Advanta shall have the right to assign this Agreement, or any portion
hereof, to any Affiliate, without Supplier’s consent. Subject to the foregoing, this Agreement
shall be binding upon, inure to the benefit of, and be enforceable by the successors and permitted
assigns of the Parties.

     30.2 Labor Harmony Obligation. Supplier shall conduct its activities in such a manner as to
seek to avoid any labor-related disruption of work in the provision of any Services. If Supplier
personnel holding Key Supplier Positions have knowledge of any labor dispute involving Supplier
Agents or other entities, which dispute may materially affect the provision of Services, Supplier
shall so inform Advanta and the Parties shall cooperate to minimize the effect

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of such dispute on the provision of Services, whether or not such labor dispute occurs at a
Supplier Facility or elsewhere.

     30.3 Notices. All notices, requests, claims, demands, and other communications (collectively,
“Notices”) under this Agreement shall be in writing and shall be given or made by delivery in
person, by courier service, or by certified mail (postage prepaid, return receipt requested), to
the respective Party at the following address set forth below or at such other address as such
Party may hereafter notify the other Party in accordance with this Section 30.3. Each such Notice
shall be effective when actually received at the respective addresses specified below:

     If to Advanta:

Advanta Bank Corp.

Welsh and McKean Roads

Spring House, PA 19477-0844

USA

Attn: Mukesh Mehta

with a copy to:

Advanta Bank Corp.

Welsh and McKean Roads

Spring House, PA 19477-0844

USA

Attn: General Counsel, Advanta Bank Corp.

     If to Supplier:

Genpact International LLC

Duna Plaza Offices

4th floor

H-1138

Budapest Váci út 178

Hungary

Attn: Manager

with a copy to:

Genpact International LLC

1251 Avenue of the Americas

41st Floor

New York, NY 10020

Attn: General Counsel

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and with a copy to:

Genpact India

Sector 53, Sector Road

DLF Phase V

Gurgaon — 122002, Haryana, India

Attn: General Counsel

     30.4 Counterparts. This Agreement may be executed in counterparts, all of which taken
together shall constitute one single agreement between the Parties.

     30.5 Force Majeure.

          a. Neither Party shall be responsible for any failure to perform its obligations due to causes
beyond its reasonable control (each a “Force Majeure Event”), including acts of God, war, riot,
embargoes, acts of civil or military authorities, fire, floods, earthquakes, or lightning (but
excluding, for Supplier, any events described in the applicable Disaster Recovery Plan); provided
however: (i) that the non-performing Party gives immediate written notice thereof to the other
Party; (ii) such failure to perform could not have been prevented by commercially reasonable
precautions; (iii) the suspension of performance is of no greater scope and of no longer duration
than is required by the Force Majeure Event; (iv) the non-performing Party uses best efforts to
remedy the inability to perform; and (v) the Force Majeure Event was not caused by the fault,
negligence or willful misconduct of the Party seeking to be excused or by failure by such Party to
comply with any Law or Card Association Rule or by any breach or default of this Agreement by such
Party. The time for performance shall be extended for a period equal to the duration of the Force
Majeure Event but in no event longer than twenty (20) consecutive days, after which the other Party
affected by the Force Majeure Event will have the right to terminate the Agreement without penalty
pursuant to Section 26.8, provided that such termination by Supplier shall not affect its
obligations pursuant to Section 26.10.

          b. Notwithstanding Section 30.5(a), no delay or other failure to perform shall be excused
pursuant to this Section 30.5 by the acts or omissions of Supplier Agents or any Supplier or
Supplier Agent subcontractors, materialmen, suppliers, or other third parties providing products or
services to any of the foregoing, unless: (i) such acts or omissions are themselves the product of
a Force Majeure Event; and (ii) such delay or failure and the consequences thereof are beyond the
control and without the fault, negligence or willful misconduct of Supplier or the Supplier
Agent(s), as applicable. Nothing in this Section 30.5 shall limit the right of a Party to make any
claim against third parties for any damages caused by a Force Majeure Event.

     30.6 Relationship of the Parties. The Parties intend to create an independent contractor
relationship, and nothing contained in this Agreement shall be construed to make either Advanta or
Supplier partners, joint venturers, principals, agents, or employees of the other. No Supplier
Agent, officer, director, employee, agent, Affiliate, or contractor retained by Supplier to perform
work on Advanta’s behalf under this Agreement shall be deemed to be an

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employee, agent, or contractor of Advanta. Neither Party shall have any right, power or
authority, express or implied, to assume or create any obligation of any kind on behalf of the
other Party, to make any representation or warranty on behalf of the other Party, or to bind the
other Party in any respect whatsoever.

     30.7 Severability. If any provision of this Agreement is held by a court of competent
jurisdiction to be contrary to law, then the remaining provisions of this Agreement, if capable of
substantial performance, shall remain in full force and effect.

     30.8 Cumulative Remedies; Waiver. Except as otherwise expressly provided herein, all remedies
provided for in this Agreement shall be cumulative and in addition to and not in lieu of any other
remedies available to either Party, whether at law, in equity, or otherwise. No delay or omission
by either Party to exercise any right or power it has under this Agreement shall impair or be
construed as a waiver of such right or power. A waiver by any Party of any breach or covenant
hereunder shall not be construed to be a waiver of any succeeding breach or any other covenant
hereunder. All waivers shall be in writing and signed by the Party waiving its rights.

     30.9 Consents and Approval. An approval or consent given by a Party under this Agreement
shall not relieve the other Party from responsibility for complying with the requirements of this
Agreement, nor shall it be construed as a waiver of any rights under this Agreement, except as and
to the extent otherwise expressly provided in such approval or consent.

     30.10 No Publicity. Neither Party shall, and shall cause their respective Agents not to,
refer to the existence of this Agreement or use the name(s) or trademark(s) of the other Party or
any of that Party’s Affiliates in any press release, advertising, publicity, or any materials
distributed to prospective customers, current customers, or any other third party, without the
prior written consent of that Party in each instance.

     30.11 Entire Agreement. This Agreement, including all Attachments, SOWs, appendices, and
other annexes attached hereto, and the Memorandum of Services, represents the entire agreement
between the Parties with respect to its subject matter, and supersedes any prior or contemporaneous
representations, proposals, understandings, agreements, or discussions, whether oral or written,
between the Parties relative to such subject matter.

     30.12 Amendments. No amendment to, or change, waiver, or discharge of, any provision of this
Agreement shall be valid unless in writing and signed by an Authorized Representative of each
Party.

     30.13 Headings. The headings of the articles and sections used in this Agreement are included
for reference only and are not to be used in construing or interpreting this Agreement.

     30.14 Order of Precedence. In the event of a conflict between the provisions of this
Agreement and any Attachments, SOWs, appendices, and other annexes attached hereto, the provisions
of this Agreement shall control; provided that in the event of a conflict between the provisions of
this Agreement and a SOW, then, unless such SOW otherwise expressly provides

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that it is intended to modify the terms of this Agreement, the terms of this Agreement shall
control. In the event of a conflict between any SOW and any annexes attached to such SOW, the
terms of such SOW shall control. In the event of a conflict between the provisions of this
Agreement including any Attachments, SOWs, appendices, and other annexes attached hereto and the
provisions of the Memorandum of Services, the provisions of this Agreement shall control.

     30.15 Survival. The following Articles and Sections of this Agreement shall survive
termination or expiration of this Agreement for any reason: Article 1 (Definitions and
Construction), Section 3.2(c) (Services), Section 3.5 (Information Technology Architecture-No
Shared Environment), Section 8.4 (Safety and Security), Section 12.3 (Payment), Section 12.4
(Credits, Refundable Items, Reimbursable Items, and Set-Off), Section 12.7 (Disputed Payments),
Section 17.3(a) (Supplier Subcontractors), Section 17.5 (Responsibility/Actions of Supplier
Agents), Article 18 (Mutual Non-Solicitation), Article 19 (Intellectual Property), Article 20
(Confidentiality), Section 21.1 (Customer Data), Section 21.2 (Data Security), Section 21.3 (Data
Security Procedures), Article 22 (Disaster Recovery) Section 23.2 (Record Retention), Section
24.1(a) and (b) (Compliance with Laws — General), Sections 25.1 (b)(iv), (c), (f), (g), (i), (k),
(l), (m), (n) and (r), and 25.1A(a), (b) and (d) (Representations, Warranties and Covenants),
Section 26.10 (Termination/Expiration Assistance), Section 26.11 (Post-Termination Obligations),
Section 26.12 (Early Termination Fee), Article 27 (Indemnification), Article 27A (Limitation of
Liability), Sections 28.4, 28.5 (Dispute Resolution), Article 29 (Insurance), and Sections 30.3,
30.7, 30.8, 30.10, 30.11, 30.13, 30.14, 30.15, 30.18, and 30.21 (Miscellaneous).

     30.16 Covenant of Further Assurances. Each Party covenants and agrees that, subsequent to the
execution and delivery of this Agreement and without any additional consideration, such Party shall
each execute and deliver any further legal instruments and perform any acts which are or may become
necessary to effectuate the purposes of this Agreement. Supplier acknowledges that Advanta is
regulated by certain Governmental Authorities and the Card Associations. Accordingly, additional
requirements and limitations on the rights and obligations of the Parties under this Agreement may
be imposed by such Governmental Authorities, Card Associations or other entities regulating Advanta
including with respect to the following: (a) expenses, budgets and audits; (b) negative covenants;
(c) Confidential Information and data security; and (d) duties and responsibilities of Advanta or
Supplier.

     30.17 Covenant to Provide Certain Supplier Information. As soon as available and in any event
within 90 days after the end of each fiscal year Supplier shall provide to Advanta: (a) complete
copies of Supplier’s and Parent’s audited financial statements for the preceding fiscal year, and
notes thereto, accompanied by a certificate of a financial officer of Supplier and Parent stating
that such financial statements fairly present, in all material respects, the financial condition,
results of operations and cash flows of Supplier and Parent (as the case may be) as of the dates
and for the periods specified, prepared: (i) by a reputable independent accounting firm acceptable
to Advanta; and (ii) in accordance with GAAP consistently applied; and (b) updates to the
information provided by Supplier and Parent to Advanta in response to Advanta’s request for
proposal.

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     30.18 Negotiated Terms. The Parties agree that the terms and conditions of this Agreement are
the result of negotiations between the Parties and that this Agreement shall not be construed in
favor of or against any Party by reason of the extent to which any Party or its professional
advisors participated in the preparation of this Agreement.

     30.19 Covenant Against Pledging. Supplier agrees that it shall not assign, transfer, or
otherwise encumber its rights to receive payments from Advanta under this Agreement for any reason
whatsoever without the prior written consent of Advanta.

     30.20 Third Party Beneficiaries. Except as expressly provided herein, this Agreement is
entered into solely between, and may be enforced only by, Advanta and Supplier. This Agreement
shall not be deemed to create any rights or causes of action in or on behalf of any third parties,
including employees, suppliers and customers of a Party, or to create any obligations of a Party to
any such third parties.

     30.21 Covenant of Good Faith. Each Party agrees that it will act in good faith in its
respective dealings with the other Party under or in connection with this Agreement.

     30.22 Condition Precedent to Agreement Effectiveness; Guaranty of Genpact Global Holdings
SICAR S.a.r.l. As a condition precedent to the effectiveness of this Agreement, Genpact Global
Holdings SICAR S.a.r.l., a Grand Duchy of Luxembourg investment company in risk capital in the form
of a private limited liability company (société d’investissement en capital à risque sous forme de
société à responsabilité limitée), registered with the Luxembourg Trade and Companies Register
under the number B 104 548 (“Parent”) shall execute the Parent Guaranty in the form set forth in
Attachment 15.

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     IN WITNESS WHEREOF, Advanta and Supplier have each caused this Agreement to be signed and
delivered by its duly Authorized Representative.

	 	 	 	 	 	 	 	 	 
	Advanta Bank Corp.	 	 	 	Genpact International, LLC, Hungarian Branch
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Mukesh Mehta	 	 	 	By:	 	/s/ Raghuram Raju
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name:
	 	Mukesh Mehta	 	 	 	Name:	 	Raghuram Raju
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Title:

	 	Senior Vice President	 	 	 	Title:	 	Senior Vice President
	 

	 	 
	 	 	 	 	 	 

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Attachment 1

Definitions

“Account” or “account” shall mean a credit card, stored value card, debit card, business credit
card, commercial card, deposit account or other payment account, and shall include any note program
accounts and account managed or otherwise maintained by Advanta at any time before or during the
Term.

“Advanta Authorized Representative” shall mean that individual or those individuals identified in
writing by Advanta as Advanta’s authorized representative(s), who may be changed from time to time
upon notice by Advanta.

“Advanta Data Security Standards” shall have the meaning set forth in Section 21.2.

“Advanta Facilities” shall mean the Facilities specified as “Advanta Facilities” in the applicable
SOW.

“Advanta General Program Manager” shall have the meaning set forth in Section 3.3(a).

“Advanta Laws” shall have the meaning set forth in Section 24.1(a).

“Advanta Materials” shall have the meaning set forth in Section 19.7.

“Advanta-Provided Equipment” shall mean that equipment specified in the applicable SOW that is
owned or leased by Advanta.

“Advanta-Provided Software” shall mean that software owned by Advanta or another Service Recipient
or licensed by a third party to Advanta or another Service Recipient, which software is designated
in Attachment 9 or an applicable SOW as “Advanta-Provided Software.”

“Advanta-Provided Third Party Software” shall mean that Advanta-Provided Software that is licensed
by a third party to Advanta or another Service Recipient, which software is designated Attachment 7
or an applicable SOW as “Advanta-Provided Third Party
Software”.

“Advanta Regulatory Requirements” shall mean any Advanta Laws to which Advanta is required to
adhere or submit or voluntarily adheres or submits.

“Affiliates” shall mean any entity Controlling, Controlled by, or under common Control with a
Party. Advanta’s Affiliates shall be deemed to include the entities listed on Attachment 13
(Affiliates) as Advanta Affiliates and Supplier’s Affiliates shall be deemed to include the
entities listed on Attachment 13 (Affiliates) as Supplier Affiliates.

“Agreement” shall mean, collectively, this Master Services Agreement and any SOWs, Addenda, and
other attachments and annexes hereto or thereto.

“Approved Subcontractor” shall have the meaning set forth in Section 17.3(a).

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“Asset Backed Securities” shall mean a type of bond or note that is based on pools of assets, or
collateralized by the cash flows from a specified pool of underlying assets; see Section 24.1.

“At Risk Fees” shall have the meaning set forth in Section 26.7(b).

“Authorized Representatives” shall mean, collectively, the Advanta Authorized Representative and
the Supplier Authorized Representative.

“Basic Services” shall mean, collectively: (A) the services, functions, and responsibilities
described in this Agreement (including the services, functions, and responsibilities described in
any SOW or attachments to such SOWs and including and services changed pursuant to Article 17 but
excluding Supplemental Services); (B) any services, functions, and responsibilities, whether or not
specifically described in this Agreement, that are required for, incidental to, implied by, or
inherent in the proper performance and delivery of the services described in preceding
subclause (A) or in the proper performance and delivery of any Basic Services; and (C) any
Information Technology functions and responsibilities related to the services described in the
preceding subclauses (A) or (B).

“Benchmark Analysis” shall have the meaning set forth in Section 15.1.

“Benchmarked Services” shall have the meaning set forth in Section 15.1.

“Benchmarker” shall have the meaning set forth in Section 15.1.

“Bug Fix” shall mean any update, upgrade, patch, new version or other modification to a software
program that corrects an error or failure and/or improves the performance of such software program,
but which does not add substantial new functionality.

“Card Association” shall mean MasterCard International Incorporated, Visa U.S.A., Inc., or any
other credit card association or credit card sponsoring entity whose credit cards are included in
the Services.

“Card Association Rules” shall mean the bylaws, rules and regulations of any applicable Card
Association, including the Payment Card Industry Data Security Standards.

“Change Assessment” shall have the meaning set forth in Section 16.2(c).

“Change Control Procedures” shall have the meaning set forth in Section 16.2(a).

“Change-in-Scope Proposal” shall have the meaning set forth in Section 4.2(a).

“Change Order” shall have the meaning set forth in Section 16.2(d).

“Change Order Proposal” shall have the meaning set forth in Section 16.2(b).

“Code” shall mean computer programming code (including microcode, as applicable).

“Confidential Information” shall have the meaning set forth in Section 20.1.

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“Control” and its derivatives shall mean possessing, directly or indirectly, the power to direct or
cause the direction of the management, policies, and operations of an entity, whether through
ownership of voting securities, by contract, or otherwise.

“Core Software” shall mean Supplier’s proprietary software product(s) identified in Attachment 14
(Core Software), together with all end user manuals, reference manuals, installation guides, and
other Documentation therefor, and any Bug Fixes and upgrades thereto.

“CPI” or “Consumer Price Index” shall mean the index compiled by the Unites States Department of
Labor’s Bureau of Labor Statistics, Consumer Price Index for All Urban Consumers (CPI-U) having a
base of 100 in 1982-84, using that portion of the index which appears under the caption “All
Items”.

“Customer Data” shall mean information regarding Advanta’s customers, applicants, prospective
customers and any other individuals or entities doing business with Advanta, including any
Nonpublic Personal Information, any data or information created, generated, collected or processed
for Advanta by Supplier in the performance of the Services.

“Dedicated Equipment and Software” shall have the meaning set forth in Section 9.1.

“Deliverables” shall mean, collectively: (a) all works of authorship or other material(s) created
specifically for Advanta or by using Advanta Materials, by or on behalf of Supplier and/or any
Supplier Agent, whether solely or jointly with other(s), in the course of performing the Services
or otherwise in connection with this Agreement or an SOW; and (b) any material(s) that are
described as “deliverables” in this Agreement or that are delivered or required to be delivered by
Supplier or any Supplier Agent(s) to Advanta or any other Service Recipient hereunder. For
purposes of this Agreement, “Deliverables” hereunder shall include the “Deliverables” as set forth
in the Memorandum of Services.

“Disabling Code” shall mean any code that would or could disable or shut down, in whole or in part,
any Services or software, including any device, method, or token that permits any person to
circumvent the normal security of the Software or the system containing the code.

“Disaster Recovery Plan” shall have the meaning set forth in Section 22.1.

“Dispute” shall have the meaning set forth in Article 28.

“Disputing Party” shall have the meaning set forth in Section 28.2(a).

“Documentation” shall mean the user manuals, information bulletins, technical documentation and
other materials, regardless of media or form, that describe the functions, features, and operation
of the Services and Deliverables.

“Early Termination Fee” shall have the meaning set forth in Section 26.12.

“******” shall have the meaning set forth in Section 5.4(a).

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“Effective Date” shall have the meaning set forth in the preamble.

“EIPI Agreement” shall mean the Employee Innovation and Proprietary Information Agreement attached
hereto as Attachment 15.

“Embedded Software” shall have the meaning set forth in Section 19.1(e)(i).

“Equipment” shall mean any equipment used for the provision of the Services hereunder.

“Facilities” shall mean, generally, space, equipment (excluding any Equipment), furnishings, and
fixtures.

“FDIC” shall mean the Federal Deposit Insurance Corporation.

“Fees” shall have the meaning set forth in Section 12.1.

“Force Majeure Event” shall have the meaning set forth in Section 30.5.

“FTE” shall means full time employees as set forth in Section 26.12(a)(i)

“GAAP” shall mean generally accepted accounting principles in the United States consistently
applied.

“General Industry Standards” shall have the meaning set forth in Section 3.2(a).

“General Program Manager” shall have the meaning set forth in Section 7.3(a).

“GLBA” shall mean Title V of the Gramm-Leach-Bliley Financial Modernization Act of 1999 (15 U.S.C.
6801 et seq.).

“Governmental Authority” shall mean any applicable federation, nation, state, sovereign, or
government, any federal, supranational, regional, state, local or municipal political subdivision,
any governmental or administrative body, instrumentality, department, or agency, or any court,
administrative hearing body, arbitrator, commission, or other similar dispute resolving panel or
body, and any other entity exercising executive, legislative, judicial, regulatory, taxing, or
administrative functions of a government with jurisdiction over the applicable matter.

“Guaranteed Productivity Improvement” shall have the meaning set forth in Section 5.3(c).

“ICC” shall have the meaning set forth in Section 28.2(a).

“ICC Rules” shall have the meaning set forth in Section 28.2(a).

“Improved Technology” shall mean any new Information Technology developments, including new
software and hardware developments, that could reasonably be expected to have a positive impact on
Advanta’s, Advanta’s Affiliates’, or a Service Recipient’s business, as such new developments
relate to providing the Services hereunder.

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“Indemnified Party” shall have the meaning set forth in Section 27.3(a).

“Indemnifying Party” shall have the meaning set forth in Section 27.3(a).

“Information Technology” shall mean any and all hardware, software, systems, telecommunications and
other networks, and other technology and services used to create, collect, store, retrieve, manage,
process, distribute, transmit, exchange, and otherwise use or manipulate information or data.

“Initial Term” shall have the meaning set forth in Section 2.1.

“Inventions” shall mean any inventions or improvements made, conceived, developed, or reduced to
practice by or on behalf of Supplier and/or any Supplier Agent(s), whether solely or jointly with
other(s), created specifically for Advanta or that arise or result from access to or use of any
Confidential Information or other information or materials directly or indirectly supplied to
Supplier by Advanta or any other Service Recipient.]

“Key Service Levels” shall mean each ****** and ****** Service Level set forth in an SOW.

“Key Supplier Positions” shall mean those positions specified as “Key Supplier Positions” in the
applicable SOW.

“Launch Date” shall mean the date that the Services under an SOW are in production and actually
provided to Advanta by Supplier.

“Laws” shall mean, to the extent applicable or to the extent Advanta’s policies and procedures
conform to the Advanta Regulatory Requirements, Card Association Rules, (and as informed by Advanta
to Supplier in writing), any laws, treaties, statutes, ordinances, codes, rules, regulations,
published standards, permits, judgments, decrees, writs, injunctions, rulings, orders,
administrative guidance, regulatory guidance or determination of (or agreement with) an arbitrator
or Governmental Authority (including usury laws, the Federal Truth in Lending Act, Regulation AB,
Regulation B and Regulation Z of the Board of Governors of the Federal Reserve System, the Equal
Credit Opportunity Act/Regulation B, the GLBA, the Federal Fair Debt Collection Practices Act, the
Fair Credit Reporting Act, the Truth in Lending Act/Regulation Z, the Fair Credit Billing Act, the
Fair Credit and Charge Card Disclosure Act (1988), the Electronic Funds Transfer Act, the Right to
Financial Privacy Act, the USA PATRIOT Act, the Bank Secrecy Act and other laws or regulations
related to anti-money laundering compliance and state laws, rules and regulations relating to
consumer protection, installment sales, telemarketing, unfair and deceptive trade practices and
collections).

“Losses” shall mean all losses, liabilities, damages, and claims, and all related costs and
expenses (including reasonable legal fees and disbursements and costs and expenses of investigation
and litigation, and costs of settlement, judgment, interest, and penalties).

“Major Release” shall mean a release of software that includes major feature enhancements. These
releases are usually identified by full integer changes in the numbering, such as from 7.0 to 8.0,
but may be identified by the industry as a major release without the accompanying integer
change.

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“Material Adverse Effect” shall mean any change in circumstances that (a) materially impairs the
business, property, operations, condition (financial or otherwise), or material agreements of
Supplier or (b) materially impairs the ability of the Supplier to fully and timely perform all of
its obligations under this Agreement.

“Minor Release” shall mean a release of software consisting of relatively minor enhancements or
corrections to known errors or faults. These releases are usually identified by a change in the
decimal numbering of a release, such as 7.12 to 7.13.

“Memorandum of Services” shall mean that certain Memorandum of Services effective as of December
11, 2006 by and between Advanta Bank Corp. and Supplier.

“Monthly Performance Report” shall have the meaning set forth in Section 11.1.

“Nonpublic Personal Information” shall have the meaning given to such term in Title V of the GLBA
and its implementing regulations.

“Notice” shall have the meaning set forth in Section 30.3.

“Notice of Election” shall have the meaning set forth in Section 27.3(a).

“Object Code” shall mean Code substantially in binary form. Object Code is directly executable by
a computer after processing, but without compilation or assembly.

“Open Source Software” shall mean any “free software,” “open source software,” or other Code or
software that is licensed under or otherwise subject to any similar licensing or distribution
model, including any Code licensed pursuant to the GNU Public License (GPL).

“Operating Committee” shall have the meaning set forth in Section 7.1.

“Parent” shall have the meaning set forth in Section 30.22.

“Parent Guaranty” shall mean that certain Parent guaranty of even date herewith in the form
attached hereto as Attachment 15.

“Pass-Through Expenses” shall have the meaning set forth in Section 12.6(a).

“Patents” shall mean United States and foreign patents and patent applications, together with all
reissues, divisions, re-examinations, renewals, extensions, provisionals, continuations and
continuations-in-part thereof, and equivalent or similar rights anywhere in the world.

“Payment Card Industry Data Security Standards” shall mean the security guidelines developed by the
payment card industry to ensure the proper handling and protection of cardholder account and
transaction information as such guidelines are published by a Card Association and as officially
amended and so published from time to time.

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“Payment Card Industry Standards” shall mean payment card industry standards for the ten (10)
largest payment card issuers in the United States. References to performance “in accordance with
Payment Card Industry Standards” in Section 25.1(e) shall mean that where the Service Levels set
forth in Attachment 4 and in the SOWs, and the Policies and Procedures Manuals do not establish
standards, Supplier shall perform the relevant obligation in accordance with Payment Card Industry
Standards.

“Pilot” shall have the meaning set forth in Section 3.1(b).

“Pilot Period” shall have the meaning set forth in Section 3.1(b).

“Pilot SOW” shall mean the Statement of Work prepared for each Pilot.

“Policy and Procedures Manual” shall mean the policy and procedures manual for each SOW as set
forth in Section 3.7(b).

“Records” shall have the meaning set forth in Section 23.2.

“Regulatory Requirements” shall mean, collectively, the Advanta Regulatory Requirements and the
Supplier Regulatory Requirements.

“Renewal Term” shall have the meaning set forth in Section 2.1.

“Representative Sample” shall have the meaning set forth in Section 15.3.

“Required Consents” shall mean all consents, licenses, permits, authorizations, and approvals
necessary or required to allow Supplier and Supplier Agents to perform the Services (including any
necessary security clearances) and/or to use any of the following to provide the Services: (a) any
Third party Software used by or made available to Supplier or Supplier Agents hereunder;
(b) services provided for the benefit of Advanta, Advanta’s Affiliates, the Service Recipients, or
their respective end users under Advanta’s, Advanta’s Affiliates’, or the Service Recipients’
service contracts, as applicable; and (c) Supplier’s and Supplier Agents’ owned and leased assets,
including any Supplier-Provided Software and Supplier-Provided Equipment.

“Retained Agreements” shall mean those contracts that are designated as “Retained” in the
applicable SOW.

“Rules” shall have the meaning set forth in Section 28.2(a).

“Sarbanes-Oxley Requirements” shall mean reporting and other requirements under, collectively,
(a) the Sarbanes-Oxley Act of 2002, as amended from time to time, including rules and regulations
promulgated thereunder, (b) the rules of the Public Accounting Oversight Board (PAOB), (c) the
rules of the Securities and Exchange Commission relating to disclosure controls and procedures, and
(d) other similar Laws.

“Security Audit” shall have the meaning set forth in Section 21.4.

“******” shall have the meaning set forth in Section 5.4(a).

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“Service Levels” shall have the meaning set forth in Section 5.1.

“Service Recipients” shall mean, collectively: (a) Advanta; (b) any Affiliate of Advanta;
(c) those individuals and entities identified in any SOW as “Service Recipients”; (d) any entity
that purchases after the Effective Date from Advanta, any Affiliate of Advanta, or any entity
identified in any SOW as a “Service Recipient”, all or substantially all of the assets of Advanta,
such Affiliate, or such entity identified in any SOW as a “Service Recipient”, or of any division,
marketing unit, or business unit thereof, provided that such entity agrees in writing to be bound
by the terms and conditions of this Agreement; (e) any entity that after the Effective Date is
created using assets of Advanta, any Affiliate of Advanta, or any entity identified in any SOW as a
“Service Recipient”, provided that such created entity agrees in writing to be bound by the terms
and conditions of this Agreement; (f) any entity into which Advanta, any Affiliate of Advanta, or
any entity identified in any SOW as a “Service Recipient”, merges or consolidates, provided that
such entity agrees in writing to be bound by the terms and conditions of this Agreement; and
(g) any entity that merges into or consolidates with Advanta, any Affiliate of Advanta, or any
entity identified in any SOW as a “Service Recipient”.

“Services” shall mean, collectively, the Basic Services and the Supplemental Services. For
purposes of this Agreement, “Services” hereunder shall include the “Interim Services” as set forth
in the Memorandum of Services.

“Software” shall mean, collectively, (a) the Advanta-Provided Software; and (b) the
Supplier-Provided Software and any other software that constitutes Supplier-Provided Materials.

“Source Code” shall mean Code other than Object Code, and includes Code that may be displayed in a
form readable and understandable by a programmer of ordinary skill, as well as any enhancements,
corrections and documentation related thereto. Source Code includes related Source Code-level
system documentation, comments and procedural Code, such as job control language.

“SOW Effective Date” shall mean the date set forth in a SOW as such SOW’s SOW Effective Date.

“SOW Expiration Date” shall mean the date set forth in a SOW as such SOW’s SOW Expiration Date.

“SOW Initial Term” shall have the meaning set forth in Section 2.2.

“SOW Renewal Term” shall have the meaning set forth in Section 2.2.

“SOW” or “Statement of Work” shall mean the attachment(s) to this Agreement that set forth in
detail the Services, resources, deliverables and other details and information with respect to the
Services to be provided by Supplier hereunder, each substantially in the form attached hereto as
Attachment 2 (Sample Statement of Work (SOW)) and each sequentially numbered in the order of
execution (e.g., SOW001, SOW002, etc.).

“SOW Term” shall have the meaning set forth in Section 2.2.

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“Steering Committee” shall have the meaning set forth in Section 7.2.

“Stranded Costs” shall mean unamortized costs of machinery, capital equipment and other capital
costs listed on Attachment 12 that have not been redeployed or otherwise used in providing Services
to Advanta.

“Subcontractor Direct Agreement” shall mean the Subcontractor Direct Agreement in the form attached
hereto as Attachment 10.

“Supplemental Services” shall mean, collectively: (A) any services requested by Advanta that meet
all of the following criteria: (i) such supplemental or related services are not Basic Services;
(ii) such services are supplemental or related to the Services described in any SOW then in effect;
and (iii) there is no charging mechanism set forth in the Fee section of any SOW for such
supplemental or related services (other than any charging mechanism for Supplemental Services
expressly set forth in the applicable Fee section of any SOW); (B) any services, functions, and
responsibilities, whether or not specifically described in this Agreement, that are required for,
incidental to, implied by, or inherent in the proper performance and delivery of the services
described in preceding subclause (A) or in the proper performance and delivery of any Supplemental
Services; and (C) any Information Technology functions and responsibilities related to the services
described in the preceding subclauses (A) or (B).

“Supplier Agents” shall mean, collectively, those Supplier employees and Supplier Subcontractors,
and the employees of any such Supplier Subcontractors, who provide or are retained by Supplier to
provide any Services hereunder.

“Supplier Authorized Representative” shall mean that individual or those individuals identified in
writing by Supplier as Supplier’s authorized representative(s), who may be changed from time to
time upon notice by Supplier.

“Supplier Facilities” shall mean for the Pilots, West Wing, Cyber Gateway, Corporate Park, HITEC
City, Madhapur, Hyderabad- 500081, India and for all other SOWs and Services, the Facilities
specified as “Supplier Facilities” in the applicable SOW, and any other Facilities (other than
Advanta Facilities) that the Parties agree in writing are required for Supplier’s performance of
the Services.

“Supplier Laws” shall have the meaning set forth in Section 24.1(b)

“Supplier General Program Manager” shall have the meaning set forth in Section 7.3(a).

“Supplier Indemnified Materials” shall have the meaning set forth in Section 27.2.

“Supplier-Provided Equipment” shall have the meaning set forth in Section 9.2.

“Supplier-Provided Materials” shall mean, collectively, (a) the Supplier-Provided Software and
(b) any software, works of authorship or other information or materials that (i) are not
Deliverables and (ii) are used or required to be used by Supplier or any Supplier Agent in
performing or otherwise in connection with the Services, including databases, designs,

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specifications, flowcharts, procedures, processes, methodologies, templates, reports, and manuals.
Notwithstanding the foregoing, “Supplier-Provided Materials” will be deemed to exclude any
Advanta-Provided Software.

“Supplier-Provided Software” shall mean, that software owned by Supplier, a Supplier Agent, or a
third party, which software is designated in the applicable SOW as “Supplier-Provided Software.”

“Supplier Regulatory Requirements” shall mean all Laws and Card Association Rules to which Supplier
is required to adhere or submit or voluntarily adheres or submits.

“Supplier Subcontractor” shall have the meaning set forth in Section 17.3(a). For the avoidance of
doubt, Supplier Subcontractors shall include Approved Subcontractors.

“System Change” shall have the meaning set forth in Section 16.3.

“Systems” shall mean, collectively, the Software and the Equipment, and shall include any
associated attachments, features, accessories, peripherals, and cabling, and all additions,
modifications, substitutions, upgrades, or enhancements to such Systems.

“Term” shall mean collectively, the Initial Term and any Renewal Terms.

“Termination/Expiration Assistance” shall have the meaning set forth in Section 26.10(a).

“Termination/Expiration Assistance Period” shall mean, for a given SOW, a period of time designated
by Advanta but not to exceed eighteen (18) months after any expiration or termination of such SOW.

“Third Party Agreements” shall mean, collectively, the Assigned Agreements and the Retained
Agreements.

“Third Party Software” shall mean the Software used in providing the Services, which Software is
provided under license to Supplier, a Supplier Agent, or Advanta by a third party, and includes any
related software and ongoing services (e.g., maintenance and support services, upgrades, patches,
and subscription services) provided by such third parties.

“Transition Fees” shall have the meaning set forth in Article 6.

“Transition Services” shall have the meaning set forth in Article 6.

“Turnover Plan” shall have the meaning set forth in Section 26.10(c)(i).

“Turnover Rate” shall have the meaning set forth in Section 17.1(b).

“Upgrade” shall mean any update, upgrade, patch, new version, or other modification to a software
program that adds substantial new functionality to such software program.

“U.S.” means the United States of America.

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“Virus” shall mean: (a) Code intentionally constructed to, or that has the ability to, damage,
interfere with or otherwise adversely affect other Code, computer programs, data files, or
operations; and/or (b) any other Code typically designated to be a virus, including any Trojan
horse, worm, or harmful or disruptive component.

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Attachment 2

Sample SOW

1

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ADVANTA BANK CORP.

 

Statement of Work — #

Pursuant to the

Master Service Agreement

Dated March 15, 2007

Last updated                    : Version 1.0

 

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Table of Contents

	 	 	 	 	 	 	 	 	 
	A. Overview  
	 	 	 	 	 	 	 	 
	B. SOW KEY Terms  
	 	 	 	 	 	 	 	 
	C. Scope of Services  
	 	 	 	 	 	 	 	 
	Key SUPPLIER POSITIONS  
	 	 	 	 	 	 	 	 
	Hiring and Recruiting Requirements
	 	 	 	 	 	 		 
	Background Checks  
	 	 	 	 	 	 	 	 
	Policy & Procedure Manual 
	 	 	 	 	 	 	 	 
	Forecasting  
	 	 	 	 	 	 	 	 
	Training Requirements  
	 	 	 	 	 	 	 	 
	Testing Requirements  
	 	 	 	 	 	 	 	 
	Quality Assurance  
	 	 	 	 	 	 	 	 
	Reporting  
	 	 	 	 	 	 	 	 
	 Invoicing Requirements 
	 	 	 	 	 	 	 	 
	D. sow specific representations and warranties
	 	 	 	 	 	 	 	 
	E.
Change Management  
	 	 	 	 	 	 	 	 
	F. Escalation Plan  
	 	 	 	 	 	 	 	 
	G. Service Levels – KEY PERFORMANCE METRICS  
	 	 	 	 	 	 	 	 
	H. Disaster Recovery
	 	 	 	 	 	 	 	 
	I. Compliance
	 	 	 	 	 	 	 	 
	J. Security Requirements
	 	 	 	 	 	 	 	 
	K. APPROVED Subcontractors
	 	 	 	 	 	 	 	 
	L. ADDITIONAL REQUIRED CONSENTS
	 	 	 	 	 	 	 	 

Exhibits

Exhibit A — Job Descriptions

Exhibit B — Genpact Participants Training Guide

Exhibit C — Training Overview

Exhibit D — Policy & Procedure Manual

Exhibit E — Advanta Quality Form

Exhibit F — Quality Definitions

Exhibit G — Change Management Form

Exhibit H —
Escalation Procedures

Exhibit I — Escalation Contact List

Exhibit J — Pilot Step-Up Targets (if applicable)

Exhibit K — Service Level Agreement

Exhibit L — Service Level Reconciliation Report

Exhibit M —
Midterm Assessment

Exhibit N — Final Assessment

Exhibit O — IT Architecture Design Document

Exhibit P — Additional Security Standards

Exhibit Q — SOW SPECIFIC Pricing Schedule

Exhibit R — User
Acceptance Test Plan

 

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Document Change History

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Date of	 	Document	 	 	 	 	 	 	 
	Change	 	Version	 	 	Page	 	 	Description of Change	 
	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 

 

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Statement of Work for                                         

A. OVERVIEW

his Statement of Work (“SOW”) is entered into pursuant to that certain Master Services
Agreement by and between Advanta Bank Corp. (“Advanta”) and Genpact International, LLC, through its
Hungarian branch (“Supplier” or “Genpact”) dated March 15, 2007 with an effective date of February
11, 2007 (the “MSA” or “Agreement”). Unless defined herein, all capitalized terms shall have the
meaning ascribed to them in the MSA. The provisions of this SOW may be amended or waived pursuant
to Section 30.12 of the MSA or pursuant to the Change Control Procedures set forth in Section 16 of
the MSA.

B. SOW Key Terms

	1.	 	The Initial Term of this SOW shall be                     days, commencing on                     (SOW
Commencement Date)and ending on                     , unless the SOW is extended as set forth below
or terminated earlier in accordance with the Agreement.

	2.	 	The Launch Date for the Services under this SOW shall be:                    .

	3..	 	Genpact Service Location: Genpact’s Hyderabad site in India, located at Cyber Gateway,
Corporate Park, HITEC City, Madhapur, Hyderabad.

	4..	 	Additional Termination Provisions and Termination Fees:
	 
	5.	 	Hours of Operation (also referred to as Service Window):
	 
	6.	 	SOW Specific Pricing and Fees:
	 
	7.	 	SOW Specific Transition Services & Fees:

C. Scope of Services

The Services that Genpact will perform under this SOW is

The Services shall be provided by Genpact using___Full-Time Employees,___Team Leads, and ___
Trainers at theHyderabad site referenced above. Services shall be provided during

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the Hours of
Operation specified above. [Used for Pilot SOWs: The Initial Term of this SOW is subject to change
based on Advanta’s evaluation of Genpacts performance of the Services or as otherwise mutually
agreed to in writing by the parties. The evaluation of Genpact’s performance will be based on
Genpact’s ability to attain key performance metrics or maintain the service levels set forth in
this SOW].

Services shall be provided only by those individuals listed on the Genpact Employee Roster, which
Genpact shall continually update and provide to Advanta.

Key Supplier Positions

[NOTE: TO BE FILLED IN ]

	 	 	 	 	 	 	 
	 	 	 	 	 	 	LOCATION
	#	 	POSITION	 	POSITION HOLDER	 	(Onsite/Offsite)
	 
	1

	 	******
	 	VP Operations
	 	Hyderabad
	2
	 	 	 	 	 	 
	3
	 	 	 	 	 	 

Hiring and Recruiting Requirements

Each Genpact representative performing the Services herein shall have the following skill sets:

Background Checks

Each individual performing Services hereunder must pass a thorough background check. Advanta and
Genpact agree that Genpact’s current background check process that includes employer references,
educational and residence verification and Genpact utilizing commercially reasonable efforts and
all available resources to identify any criminal background of prospective hires will satisfy this
background check requirement. Genpact will utilize membership in NASCOM to access a database of
fingerprints and criminal profiling once such database becomes operational.

Genpact shall retain records of each background check performed and upon Advanta’s request, Genpact
shall provide proof that the background checks were completed and provide Advanta with copies of
such records.

Policy and Procedure Manual

The Services will be performed in accordance with the Policy and Procedure Manual to be attached
hereto as Exhibit D. The Policy and Procedure Manual shall be developed in accordance with the
Agreement and shall include, without limitation workflows for all processes and tasks required to
perform the Services along with control point matrices for

Confidential

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each. The control point matrices will
serve as risk mitigation documents for each process or task.

Forecasting 

Specify Baseline Metrics (including Baseline Transaction Volumes, Baseline Units and Baseline
FTEs).

Technology Set-Up

All IT voice and data infrastructure necessary to perform the Services hereunder shall be in
accordance with Exhibit O Advanta IT Architecture Design Document attached hereto.

Training Requirements

[If applicable: Due to the regulatory requirements associated with issuing credit, all Genpact
representatives performing Services hereunder shall be thoroughly trained regarding the credit card
terms, conditions, product features and benefits. Training will include the manual/modules set
forth in the Genpact Participants Guide attached as
Exhibit B.] [For pilots: Advanta will conduct initial training with the Genpact pilot team (___representatives,
___Trainers, and ___Team Leads) onsite at Advanta’s Dresher, PA, USA site. The training curriculum
will cover the items set forth in Exhibit C Training Overview, attached hereto.]

[If applicable: All Genpact representatives providing the Services hereunder shall also complete
Advanta Compliance training during their onsite visit. Genpact representatives will be given a
formal written assessment evaluation mid-way through the training and then again at the completion
of training as set forth on Exhibits M & N attached hereto and all representatives must pass both
assessment evaluations. ]

Testing Requirements

User Acceptance Testing

User acceptance testing as detailed in the UAT Test Plan, attached hereto as Exhibit R, will be
completed approximately two weeks prior to SOW Commencement Date but in any event prior to the
performance of the Services by Genpact. This includes testing voice and
data transfer to the Genpact Facility where the Services are being performed. Advanta will also
conduct stress testing to see if there are any system impacts if volumes are increased. Advanta may
require that additional testing if there are critical errors identified during the user acceptance
testing

Confidential

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Quality Assurance Requirements

[Add provisions for IT or F&A functions]

[Adapt following for Call Center and Collections Services: Genpact shall monitor calls for quality
assurance at least                     times a                    for each Genpact representative via the Verint System.
Advanta may monitor calls on a daily basis via the Verint System for quality assurance. As
scheduled by Advanta, Genpact will participate in scheduled calibration sessions in which the
Genpact and Advanta Quality teams will log into the Verint System and listen to calls and provide
feedback and/or recommendations. The evaluation of                     Services is based on a scoring of
multiple behaviors and expectations, including without limitation, the overall customer experience
and specific business expectations such as disclosures and accuracy of the information entered.
Advanta and Genpact will use the following scoring measurement range to score each call:

 

Calls will be scored on the areas and in accordance with the scoring set forth in the Advanta
Quality Form attached hereto as Exhibit E, including:                    
Genpact shall complete at least                     evaluations per agent..

Quality reports will be sent by Advanta to Genpact on a                     basis for review and feedback.
Genpact will be responsible for sending                    quality reports for Advanta’s review and
feedback in accordance with and in the format of the Advanta Quality Form attached as Exhibit E and
                    QA Definitions set forth in Exhibit F attached hereto.

[Use for Pilots: During the initial 12 weeks of this SOW, Genpact will achieve the Pilot Step-up
Targets set forth on Exhibit J attached hereto. Thereafter] Genpact shall achieve the standards
set forth in the Service Level Agreements attached hereto as Exhibit K.

Reporting Requirements

In addition to the reporting requirements set forth in the Agreement the following reports will be
provided by the parties:

Genpact Reports:

Advanta Reports:

 Invoicing Requirements

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Invoices for Fees for the Services performed hereunder shall be in the format and in accordance
with the provisions regarding invoices the Agreement and shall be sent to Advanta to the attention
of:

 

Advanta Bank. Corp

Welsh & McKean Roads

Springhouse, PA 19477

D. SOW Specific Representations & Warranties:

E. Change Management Procedures

Changes to the requirements for the Services provided under this SOW will be submitted to Genpact
in writing to Advanta and will be governed by the change control procedures set forth in the
Agreement. Genpact will not proceed with any requested changes until Advanta has had sufficient
opportunity to review and discuss the change request and has provided written approval to Genpact
of the same as evidenced by Advanta’s execution of the Change Managemen Form attached hereto as
Exhibit G or as otherwise set forth in the Agreement.

F. Escalation Plan

Genpact shall follow the escalation procedures set forth in Exhibit H attached hereto and shall
contact Advanta as required using the Escalation Contact List attached hereto as Exhibit I.

G. Service Level Agreements and Key Performance Metrics

[For Pilots only:During the initial 12 weeks of this SOW, Genpact will perform the Services in
accordance with and will meet or exceed the specified key performance metrics set forth in the
Pilot Step-Up Targets attached hereto as Exhibit J. Advanta will assess Genpact’s performance at
the 4th, 8th, and 12th week intervals. After the initial 12 week
period,] Genpact will perform the Services in accordance with and will meet or exceed the service levels set
forth in the Service Level Agreement attached hereto as Exhibit K. Advanta will also measure
Genpact’s performance based on a customer satisfaction survey developed by Advanta.

Advanta will hold _weekly_conference calls with the Genpact Operational Team to review
performance, issues, recommendations, etc. At such calls, Genpact shall review performance metrics
and provide feedback on any issues or trends. Genpact shall be proactive in providing any
representative feedback and/or suggested program enhancements. In addition, Advanta and Genpact Operational Team shall hold monthly

Confidential

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conference calls to review the prior month’s performance and to discuss corrective action where
necessary.

By not later than the 10th business day of each month, Genpact shall provide Advanta with a monthly
report setting forth its actual performance during the just concluded calendar month as compared to
the measurements in [the Pilot Step Up Targets (for the initial 12 weeks) or] the Service Level
Agreements (after the initial 12 weeks) in the format and including the substance set forth in the
SLA Reconciliation Report attached hereto as Exhibit L.

At least once annually, Genpact and Advanta will review the established performance standards in
the Service Level Agreement and, if agreed, will update and revise the key measurements to reflect
any change in Advanta’s business needs or technology and/or process improvements by Genpact.

H. Disaster Recovery 

I. Compliance 

[Update for particular service/process as applicable] Advanta requires that all Genpact
representatives performing Services hereunder complete Advanta’s Compliance training, as may be
amended by Advanta from time to time. This includes, without limitation, compliance by Genpact
with the following laws to the extent they apply to the Services provided hereunder:

	 	•	 	Equal Credit Opportunity Act/ ECOA and Regulation B
	 
	 	•	 	Bank Secrecy Act/ BSA
	 
	 	•	 	Office of Foreign Asset Control/ OFAC
	 
	 	•	 	Community Reinvestment Act/ CRA
	 
	 	•	 	Fair Debt Collections Act

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J. SOW Specific Security Requirements

In addition to the Advanta Security Standards set forth in the Agreement, Genpact will adhere to
the Additional Security Requirements set forth in Exhibit P attached hereto, if any.

K. Approved Subcontractors

	 	 	 
	Name of Subcontractor	 	Services Performed
	 

	 	 
	 

	 	 
	 

	 	 
	 
	 	 
	 

	 	 
	 
	 	 
	 

	 	 
	 
	 	 
	 

	 	 
	 
	 	 
	 

	 	 

L. Additional Required Consents

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     IN WITNESS WHEREOF, the Parties have caused this SOW to be duly executed as of the date indicated.

	 	 	 	 	 	 	 
	Genpact International, LLC, acting	 	Advanta Bank Corp.
	Through its Hungary branch	 	 	 	 
	 
	By:

	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 
	Name:

	 	 	 	Name:	 	 
	 

	 	 
	 	 	 	 
	Title:

	 	 	 	Title:	 	 
	 

	 	 
	 	 	 	 
	Date:

	 	 	 	Date:	 	 
	 

	 	 
	 	 	 	 

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Exhibit A

                                         Job Description

Exhibit B

Genpact Participant’s Guide 2007

Exhibit C

                                        Training Agenda

Exhibit D

Policies & Procedures Manual

Exhibit E

Advanta Quality Form

Exhibit F

QA Definitions

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Exhibit G -Change Management Form

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Exhibit H

Escalation Procedures List

Exhibit I

Escalation Contact List

Exhibit J

Pilot Step-Up Targets

Exhibit K

Service Level Agreement

Exhibit L

SLA Reconciliation Report

Exhibit M

Advanta Mid-Term Training Assessment

Exhibit N

Advanta Final Training Assessment

Exhibit O

Advanta IT Architecture Design Document

Exhibit P

Additional Security Standards

Exhibit Q

SOW Specific Pricing Schedule

Exhibit R

User Acceptance Test Plan

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Attachment 3

Information Technology Architecture

* Superseded and replaced in its entirety by Exhibit A to the First Amendment to Master Services
Agreement dated April 15, 2008 between Advanta Bank Corp. and Genpact International, Inc.

1

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Attachment 4

Service Level Standards and ******

A. General

Each SOW will set forth categories of performance metrics and specific targets for individual
performance metrics applicable to the Services Supplier will provide under the SOW. This
Attachment 4 sets forth basic principles of Service Level performance measurement and calculation
of ****** applicable to all SOWs.

B. Service Level Definitions

1. Service Level performance standards are divided into the following three Exception Levels:

     Exception Level One (E1): ******.

     Exception Level Two (E2): An exception that ******.

     Exception Level Three (E3): An exception that ******.

2. Each Service Level metric shall consist of a single performance target.

3. Each SOW shall contain no more than ****** and may contain ******.

C. ******

****** will be calculated on a monthly basis in accordance with the following rules as may be
further modified or supplemented in each SOW:

	1.	 	Each Service Level will specify an ****** payable as a ****** in the event
Supplier fails to meet the performance metric for that Service Level.

	2.	 	Advanta will designate an ****** for each key Service Level category: E1 (designated at
******), and E2 (designated at ******). E3 Service Levels ******.

3. The maximum ****** that Supplier must pay in any month is ******.

	4.	 	Supplier shall pay Advanta by crediting on each monthly invoice, or as directed by Advanta
but not more than monthly, an amount equal to ****** payable by Advanta.

	5.	 	Supplier may ****** from Advanta ****** for ****** paid to Advanta under an SOW if Supplier achieves the following: for any Service
Level that Supplier fails to meet ******, Supplier ******.

Examples:

1

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2

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Attachment 5

Transition Services and Fees

Transition Services:

Supplier will provide resources to conduct the Solution Identification (Solutions ID Services) for
validation of assumptions and data gathering for each function for those Services specified in the
applicable SOW.

The Solutions ID Services include, but are not limited to employing and providing adequate staffing
for the Solutions ID Services, documenting process flows, and standard operating procedures.
Supplier will work with Advanta to develop and will deliver to Advanta, for Advanta’s review and
approval, documentation for each of the Services specified in the SOW detailing each of the process
flows, transition plans, service level standards and description of services. Advanta will provide
Supplier with access to facilities, systems, data, documentation, subject matter experts or other
Advanta personnel as is necessary for Supplier to perform the Transition Services.

The Transition Services shall also include pre-knowledge transfer preparation, training of
personnel and testing of all deliverables and systems as detailed in the SOW and RFP and all other
activities necessary to provide the Services in the proposed SOW in compliance with all applicable
laws and regulations. This shall include travel to Advanta’s US locations for knowledge transfer
by the personnel mutually agreed by the Parties.

Key participants traveling to Advanta’s US facilities to provide Solution Identification and
Transition Services shall be ****** and ****** (each a Vice President of Supplier). Additionally,
the Parties shall mutually agree upon a subject matter expert for the Services in the applicable
SOW who will be key participants also.

Transaction Fees:

The Transaction Fees for Solution Identification outlined above shall consist of (a) labor costs on
a daily basis as set forth below plus (b) actual costs for travel (including transportation) and
living expenses (lodging and meals) for the Supplier key participants and Supplier personnel
traveling to the US to provide the Transition Services. The Parties agree that travel will be on
commercial airlines in coach class for individuals with titles below VP level and business class
for individuals with titles of VP and above. A per diem for lodging and meals will not exceed (i)
$175 a day for individuals with titles below VP level and (ii) $235 a day for individuals with
titles of VP and above [(i) and (ii) included within (b) above]. Exceptions to this travel policy
will be approved in writing by Advanta in advance. Advanta will not be billed for non-business or
nonworking hours for labor.

The Transaction Fees for other Transition Services outlined above shall consist of (a) labor costs
on a daily basis for hours worked or in training (approximately 8:30 am – 5:30 pm ET) as set

1

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forth below plus (b) actual costs for travel (including transportation) and living expenses
(lodging and meals). The Parties agree that travel will be on commercial airlines in coach class
for individuals with titles below VP level and business class for individuals with titles of VP and
above. A per diem for lodging and meals will not exceed (i) $175 a day for individuals with titles below VP level and (ii) $235 a day for individuals
with titles of VP and above [(i) and (ii) included within (b) above]. Exceptions to this travel
policy will be approved in writing by Advanta in advance.

Labor Rates for each working or business day actually worked shall be as follows:

	 	 	 	 	 
	Title/Level	 	Rate per day
	 
	Agent
	 	$	*	*****
	Manager
	 	$	*	*****
	Senior Manager or AVP
	 	$	*	*****
	Vice President or above
	 	$	*	*****

In addition to the above resources, required for Solution Identification and Transition Services,
if requested by Advanta, Supplier will provide IT Application Developers, as and when required, at
following rate:

	 	 	 
	Title/Level

	 	          Rate per hour
	 
	 	 
	Application Developer

	 	     $******
	 

	 	(all inclusive except for airfare and one time
	 

	 	visa cost)

2

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Attachment 6

Supplier Purchased Dedicated Equipment and Software

******

1

****** — Denotes material that has been
omitted and filed separately with the Commission.

 

Attachment 7

Advanta – Provided Third Party Software

******

1

****** — Denotes material that has been
omitted and filed separately with the Commission.

 

Attachment 8

Fee Schedule

******

1

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Attachment 9

Approved Subcontractors

Genpact India

Genpact Services LLC, solely for the purpose of holding collection licenses in the U.S. necessary
to perform the Services.

 

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omitted and filed separately with the Commission.

 

Attachment 10

Form of Subcontractor Direct Agreement

 

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SUBCONTRACTOR DIRECT AGREEMENT

This Subcontractor Direct Agreement (the “Agreement”) is made on this the                     day of March  , 2007 by
and between [Genpact India], a company incorporated under                                           (“Subcontractor”); and Advanta Bank
Corp., a Utah industrial bank with its principal place of business located at Welsh and McKean
Roads, P.O. Box 844 Spring House, PA 19477 (“Advanta”). Subcontractor and Advanta are sometimes
collectively referred to as the “Parties” and individually referred to as “Party”.

RECITALS:

     WHEREAS, pursuant to (a) the Master Services Agreement effective as of February 11, 2007
(“MSA”) entered into between Genpact International LLC, a Delaware Limited Liability Company
(“Supplier”) and Advanta, and (b) the [Subcontracting Agreement] dated [ insert date ] (the
“Subcontracting Agreement”) between Supplier and Subcontractor, Subcontractor is engaged by
Supplier to provide certain services, resources, and deliverables on behalf of Advanta (as
specified in the statements of work (each an “SOW”) that are incorporated into the MSA, the
“Services”).

     WHEREAS, pursuant to the Subcontracting Agreement, Supplier from time to time will provide
Subcontractor with project assignments on behalf of Supplier’s clients (e.g., Advanta). Each
project assignment is subject to the terms and conditions of the Subcontracting Agreement.

     WHEREAS, pursuant to the MSA, Advanta will, from time to time, provide Supplier with project
assignments in the form of SOWs. Each SOW is subject to the terms and conditions of the MSA,
which include, without limitation: (i) that all Deliverables are the sole and exclusive property
and Confidential Information of Advanta; and (ii) certain restrictions and requirements with
respect to Confidential Information and data security.

     WHEREAS, Supplier and Advanta have required that Subcontractor execute this Agreement for the
ultimate purpose of ensuring that certain intellectual property rights and enforcement rights in
connection with the Services subcontracted to Subcontractor rest with Advanta.

     NOW, THEREFORE, in consideration of the foregoing, of Advanta approving Supplier’s use of
Subcontractor to provide Services under the MSA and of the mutual promises herein contained, and of
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties hereto, intending legally to be bound, hereby agree as follows:

1. DEFINITIONS; TERM

     1.1 Definitions. All capitalized terms not defined in this Agreement shall have the meaning
set forth in the MSA; provided that the definitions shall apply, mutatis mutandis, to this
Agreement.

     1.2 Application. Subcontractor is a “Supplier Agent” and “Supplier Subcontractor” under the
MSA. This Agreement does not modify or amend the obligations of Supplier under the MSA.

     1.3 Term and Termination. This Agreement shall be coterminous with the MSA and Subcontractor
shall not terminate this Agreement while the MSA is in full force and effect.

 

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2. SUBCONTRACTOR COVENANTS.

     2.1 INTELLECTUAL PROPERTY.

          (a) Subcontractor Assignment to Supplier. Subcontractor hereby represents, warrants and
covenants to Advanta that pursuant to the Subcontracting Agreement: (i) Supplier shall own and
have all right, title and interest in the Intellectual Property (as such term is defined in the
Subcontracting Agreement) comprised in and to the Developed Work Product (as such term is defined
in the Subcontracting Agreement), including any improvement or modification thereto or any
derivative work thereof; (ii) Subcontractor acknowledges (and shall cause its agents and the
employees of Subcontractor and its agents, to acknowledge) that Supplier shall have the right to
obtain and hold in its own name all and any forms of Intellectual Property protection or
registration in and to the Developed Work Product; (iii) Subcontractor agrees to execute (and shall
cause its agents and the employees of Subcontractor and its agents to execute) any documents or
take any other actions as may be necessary, or as Supplier may request, to perfect the ownership of
Supplier in the Developed Work Product; and (iv) notwithstanding anything to the contrary contained
hereinabove, with respect to the project statements of work under the Subcontracting Agreement, all
“work for hire” shall belong to Supplier and both Subcontractor and Supplier must mutually agree as
to what constitutes such “work for hire”, in the relevant statement of work.

          (b) Subcontractor Acknowledgement of Advanta Rights. Subcontractor acknowledges that pursuant
to the MSA: (i) Advanta shall own all worldwide right, title, and interest, including ownership of
all worldwide rights of patent, copyright, trademark, trade secret, and other proprietary rights
in, to, and under the Deliverables and all copies and derivative works made from or of the
Deliverables; and (ii) Supplier has, to the extent necessary, irrevocably and perpetually assigned,
transferred, and conveyed on a worldwide basis, all of Supplier’s right, title, and interest in,
to, and under the Deliverables, including all rights of patent, copyright, trademark, trade secret,
and other proprietary rights in the Deliverables and all rights to causes of action and remedies
related to any of the foregoing, effective immediately upon the inception, conception, creation,
fixture, development, or reduction to practice thereof.

          (c) Enforcement of Advanta Rights. Subcontractor acknowledges and agrees that Subcontractor’s
breach of Section 2.1 or Subcontractor’s unauthorized use or disclosure of Advanta’s intellectual
property rights described in Section 2.1 would cause Advanta irreparable harm that could not be
compensated by monetary damages. Accordingly, Subcontractor agrees that in the event of a
breach or threatened breach of Section 2.1, Advanta shall be entitled to seek, equitable relief in
accordance with Section 2.

     2.2 CONFIDENTIALITY.

          (a) Confidential Information. Subcontractor acknowledge that it may be furnished with,
receive, or otherwise have access to information of or concerning Advanta which Advanta considers
to be confidential, proprietary, a trade secret, or otherwise restricted. As used in this
Agreement, “Confidential Information” shall mean all information, in any form, furnished or made
available, directly or indirectly, by Supplier or Advanta to Subcontractor which is marked
confidential, restricted, proprietary, or with a similar designation, or which a reasonably prudent
business person would deem to be as confidential information considering the nature of the
information and the circumstances of its disclosure. Without limiting the foregoing: (a) the
terms and conditions of this Agreement shall be deemed the Confidential Information; and
(b) Advanta’s
Confidential Information shall be deemed to include (whether or not marked confidential,
restricted,

 

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proprietary, or with a similar designation) (i) all specifications, designs, documents,
correspondence, software, documentation, data and other materials; all materials prepared by
Advanta or the Service Recipients; and all Deliverables (including all information embodied
therein) and other materials prepared by Subcontractor (whether alone or in conjunction with
Advanta or any Service Recipient) in the course of performing the Services; (ii) all information
concerning the operations, affairs, customers, end-users, employees and businesses, including
financial affairs, of Advanta and any of its Affiliates, and the respective relations with their
customers, employees, agents, and service providers (including customer lists, customer
information, and information regarding consumer markets); (iii) the Customer Data; (iv) the Advanta
Provided Software; and (v) all other information, data, and materials obtained, received,
transmitted, processed, stored, archived, or maintained by Supplier or Subcontractor in the course
of performing the Services.

          (b) Exclusions. Restrictions placed on use of Confidential Information in this Agreement
shall not preclude use of any particular information that Subcontractor can demonstrate and
document: (a) was obtained from the public domain without any breach by recipient of any
obligation of confidentiality to Advanta of Confidential Information; (b) was rightfully in the
possession of the Subcontractor at the time of disclosure of Confidential Information to it without
any obligation to restrict its further use or disclosure; (c) was received, after disclosure to it
of Confidential Information by Advanta, from a third party who had a lawful right to disclose such
information to it without any obligation to restrict its further use or disclosure and without any
breach by such third party of any obligation of confidentiality to Advanta; or (d) was
independently developed by Subcontractor without reference to any Confidential Information of
Advanta. Restrictions placed on use of Confidential Information in this Agreement shall not
preclude Advanta’s use of any information that Advanta has the right to exploit in accordance with
the terms of this Agreement including Subcontractor Materials. In addition, Subcontractor shall
not be considered to have breached its obligations under this Section 2.2 by disclosing
Confidential Information of Advanta if and to the extent required to respond to the request of a
Governmental Authority to satisfy a legal or regulatory requirement, provided that, upon receiving
any such request and to the extent that it may do so without violating any Law or Card Association
Rules , Subcontractor immediately and prior to such disclosure advises Advanta of such request in
order that Advanta may, with Subcontractor’s cooperation, interpose an objection to such
disclosure, take action to assure confidential treatment of the Confidential Information, or take
such other action as it deems appropriate to protect the Confidential Information.

          (c) Obligations.

               (i) Advanta’s Confidential Information shall remain the property of Advanta, except as
otherwise expressly provided herein. Subcontractor shall each use at least the same degree of
care, but in any event no less than a reasonable degree of care, to prevent disclosing to third
parties the Confidential Information of Advanta as Subcontractor employs to avoid unauthorized
disclosure, publication, or dissemination of its own information of a similar nature and similar
importance; provided that Subcontractor may disclose such information: (i) to entities or persons
performing Services required under the MSA solely where (A) use of such entity or person is
expressly authorized under the MSA, (B) such disclosure is necessary to the performance of such
Services, and (C) the entity or persons to which the information is disclosed agrees in writing (1)
to assume the nondisclosure, nonuse, and other obligations of the same scope and at least as
stringent as those described in this Section 2.2, and (2) not to solicit Advanta’s customers in any
manner; (ii) to directors, agents, attorneys, accountants and advisors of Subcontractor who need to
know such information, provided they are required to treat such information as confidential; and (iii)
to potential purchasers of Subcontractor, provided they are required to treat such information as
confidential.

 

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               (ii) Notwithstanding the provisions of Section 2.2(c)(i) or any other provision of this
Agreement: (a) Subcontractor shall not release any Customer Data or any other Confidential
Information of Advanta to any third party without the express prior written consent of Advanta;
(b) Advanta’s Confidential Information shall not be utilized or disclosed by Subcontractor for any
purpose other than that of rendering the Services; (c) Subcontractor shall not be deemed to
possess, and shall not assert, any ownership interest, lien, or other right or interest against or
to Advanta Confidential Information; and (d) Subcontractor shall ensure that no Advanta
Confidential Information is sold, rented, assigned, leased, or otherwise disposed of to third
parties by Subcontractor, or commercially exploited by Subcontractor.

               (iii) As requested by Advanta during the Term, and upon expiration or any termination of this
Agreement (in whole or in part) and/or the completion of Subcontractor ‘s obligations under this
Agreement, unless the Agreement allows for retention after the term or such retention is required
by Laws, Subcontractor shall return to Advanta or destroy, as Advanta may direct, all materials
(including all copies and parts thereof) in any medium that comprise, contain, refer to, or relate
to Advanta’s Confidential Information, and Subcontractor shall provide Advanta with a certification
by an officer of Subcontractor certifying such return or destruction (as applicable) and shall
retain no copies thereof. Subcontractor shall be entitled to retain one copy of the Confidential
Information (except for Customer Data) of Advanta solely to defend itself in any legal proceeding
instituted against it by a third party.

               (iv) Subcontractor shall take reasonable steps to ensure that its employees comply with the
provisions of this Section 2.2.

          (d) Disclosure or Loss of Confidential Information. In the event of any disclosure or loss
of, or inability to account for, any Confidential Information of Advanta, upon becoming aware of
such event Subcontractor shall promptly and at its own expense: (a) notify Advanta in writing; and
(b) take such actions as may be necessary or reasonably requested by Advanta, and otherwise
cooperate with Advanta, to minimize the adverse effects to Advanta of such event and any damage
resulting from such event.

          (e) No Implied Rights. Nothing contained in this Section 2.2 shall be construed as obligating
Advanta to disclose its Confidential Information to Subcontractor, or as granting to or conferring
on Subcontractor, whether expressly or by implication, any ownership interest in or any right or
license to Confidential Information of Advanta.

          (f) Injunctive Relief. Subcontractor acknowledges that Advanta’s Confidential Information,
including the Customer Data, is unique property of extremely high value to Advanta, and that the
unauthorized use or disclosure thereof would cause Advanta irreparable harm that could not be
compensated by monetary damages. Accordingly, Subcontractor agrees that in the event of a breach
or threatened breach of Section 2.2, Advanta shall be entitled to seek equitable relief in
accordance with Section 4.2.

     2.3 CUSTOMER DATA; DATA SECURITY.

 

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     Customer Data. Without limiting any other provision of this Agreement, the following terms
and conditions shall apply to Customer Data:

          (a) GLBA Compliance. Subcontractor recognizes and acknowledges that Title V of the GLBA
governs the disclosure of Nonpublic Personal Information about consumers, including Advanta’s
deposit customers and that although GLBA is not applicable to Advanta’s business card customers,
Subcontractor agrees to comply with Advanta’s GLBA requirements regarding re-use, sharing and
protection of personal information with respect to Advanta’s business card customers that would be
considered Nonpublic Personal Information if such business card customer were a consumer.
Subcontractor shall comply with the terms and provisions of the GLBA, other Laws and Card
Association Rules, including the provisions of the GLBA regarding the re-use, sharing and
re-disclosure of Nonpublic Personal Information and the rules implementing section 501(b) of the
GLBA. Subcontractor represents that it has implemented a comprehensive written information
security program that includes administrative, technical and physical safeguards designed to ensure
the security and confidentiality of customer, consumer and employee information related to the
Services. Subcontractor’s security measures shall equal or exceed the Payment Card Industry Data
Security Standards. Advanta shall have the right to request information regarding Subcontractor’s
security program related to the Services. Subcontractor shall use best efforts to notify Advanta
of a material modification to any of its security procedures relating to the Services. To the
extent GLBA, other Laws or Card Association Rules require additional or modified security, privacy
or confidentiality contractual arrangements between the Parties, the Parties shall in good faith
identify and execute such additional or modified agreements as are so required.

          (b) Non-Disclosure of Customer Data. Except as permitted under this Agreement, Subcontractor
agrees that it shall not disclose or use Customer Data obtained pursuant to this Agreement or any
other agreement (including mailing lists) except to the extent necessary to perform, effect,
administer or enforce any transactions or Services and in a manner that is consistent with Laws
(including the GLBA and the federal Fair Credit Reporting Act) and Card Association Rules.
Further, Subcontractor shall disclose and use Customer Data only to the extent permitted by Laws,
Card Association Rules and pursuant to the terms and conditions of this Agreement.

          (c) Access to Customer Data. Subcontractor shall: (i) adequately mark or otherwise identify
Customer Data as Advanta’s Confidential Information and property (or, if already so marked when
provided to Subcontractor, ensure that all such marks are retained); (ii) store Customer Data
separately (both logically and physically) from other Subcontractor Materials and data and/or any
other materials or data of any third party; and (iii) promptly remove any Customer Data from
storage at Advanta’s request. Subcontractor shall use best efforts to safeguard all Customer Data
and shall store Customer Data electronically or otherwise in a safe and secure manner. Advanta
shall have unrestricted access to, and the right to review and retain the entirety of, all computer
or other files containing Customer Data. At no time shall any of such files or other materials or
information be stored or held in a form or manner not immediately accessible to Advanta.
Subcontractor shall provide to Advanta all passwords to and the locations of any such files and
other materials promptly upon the request of Advanta, including Equipment and Software keys and
such information as to format, encryption (if any) and any other specification or information
necessary for Advanta to retrieve, read, revise and/or maintain such files and information. Upon
request of Advanta, Subcontractor shall confirm that all files and other information provided to
Advanta are complete and that no material element or other portion of such files or other
information
to which Advanta may request access or review has been deleted, withheld, disguised or encoded
in a manner inconsistent with the purpose and intent of providing full and complete access to
Advanta as contemplated by the MSA.

 

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          (d) Regeneration of Lost or Damaged Customer Data. As part of the Services, Subcontractor
shall, at its own expense, promptly replace or regenerate from Subcontractor’s media any Customer
Data that Subcontractor has otherwise lost or damaged, or shall obtain at Subcontractor’s expense a
new copy of such lost or damaged Customer Data. In the event that Subcontractor cannot fulfill the
foregoing obligation, Advanta may, without limiting any other remedies it may have hereunder or
otherwise, replace, regenerate, or obtain a new copy of any such Customer Data, and Subcontractor
shall promptly reimburse Advanta for all costs, direct or indirect, related to such replacement,
regeneration, or acquisition.

          (e) Data Security. Subcontractor shall establish and maintain environmental, safety and
facility procedures, data security procedures and other safeguards against the unauthorized access,
destruction, loss, use or alteration of Customer Data in the possession of Subcontractor which are
(a) no less rigorous than the Advanta Data Security Standards set forth on Attachment 11 of the
MSA, as may be amended from time to time; (b) no less rigorous than those maintained by
Subcontractor for its own information of a similar nature or that of other Subcontractor customers;
but, in any event, (c) no less rigorous than those mandated by Laws or Card Association Rules.
Such procedures and other safeguards shall include the installation of Software that, at minimum:
(i) requires all users to enter a user identification number and password prior to gaining access
to the information systems; (ii) controls and tracks the addition and deletion of users and access
to all materials; and (iii) controls user access to areas and features of the systems. Advanta
shall have the right to establish backup security for Customer Data and to keep all backup Customer
Data and Customer Data files in its possession if it so elects, and Subcontractor shall comply with
any backup security and other similar procedures established by Advanta in relation to the Customer
Data. Subcontractor shall also establish and maintain such environmental, safety and facility
procedures, data security procedures and other safeguards against (a) theft including theft of
Customer Data, (b) dishonest misappropriation of Customer Data, (c) fraudulent and dishonest
disposal of Customer Data, (d) fraudulent or dishonest inducement for delivery or retention of
Customer Data, (e) dishonest or fraudulent removal or concealment of Customer Data, (f) damages to
any computer, computer system or computer network, computer data base containing Customer Data, and
(g) hacking with computer systems containing Customer Data.

          (f) Data Security Procedures. Subcontractor shall maintain appropriate policies and
procedures to respond to incidents of unauthorized or suspected unauthorized access to or
disclosure of Customer Data. Such policies and procedures shall equal or exceed the Advanta Data
Security Standards and Payment Card Industry Standards. Subcontractor shall reasonably monitor,
evaluate and adjust its information security system and procedures in response to relevant changes
in technology, changes in the sensitivity of Customer Data and internal and external threats to
information security and shall adopt such changes to its information security system and procedures
as reasonably requested by Advanta. Subcontractor agrees to take appropriate actions to address
any security breach involving such information. Subcontractor shall notify the Advanta General
Program Manager promptly, and in any event as soon as reasonably possible after Subcontractor
reasonably suspects or has concluded that any security incident or breach (which shall include any
such breach caused by any employee of Subcontractor) has occurred or is about to occur that, in
Subcontractor’s reasonable judgment, is likely to put any data, including any Customer Data, or
network of Advanta at risk. Upon the occurrence of any such security incident or breach,
(a) Subcontractor shall, as soon as practicable and at its sole expense, implement an action
plan to correct the incident or breach and prevent the continuation of such security incident or
breach, and shall promptly notify Advanta of the corrective action and measures taken and (b)
Advanta may audit to determine whether the corrective action has been implemented and is effective.
If there is any such security breach relating to Customer Data under Subcontractor’s

 

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control or
the control of an entity with which Subcontractor has contracted, then Subcontractor shall pay the
out of pocket expenses incurred by Advanta in responding to the security breach, including paying
the cost of notifying customers that information about them was subject to a security breach. Any
notice sent concerning a security breach shall be subject to the prior written approval of Advanta.

          (g) Injunctive Relief. Subcontractor acknowledges that Advanta’s Customer Data is unique
property of extremely high value to Advanta, and that the unauthorized use or disclosure thereof
would cause Advanta irreparable harm that could not be compensated by monetary damages.
Accordingly, Subcontractor agrees that in the event of a breach or threatened breach of Section
2.3, Advanta shall be entitled to seek equitable relief in accordance with Section 4.2

     2.4 RECORD RETENTION.

          (a) Internal Controls. Subcontractor shall, at its cost and expense, develop and implement
quality assurance and internal controls, documentation and procedures (“Subcontractor Controls”),
including tools and methodologies, to ensure that the Services are performed in an accurate and
timely manner in accordance with the MSA and the Sarbanes-Oxley Requirements Without limiting, and
in furtherance of, the foregoing, Subcontractor shall, at its cost and expense: (a) maintain
strong Subcontractor Controls in day-to-day operations; (b) develop and execute a process to ensure
that annual internal control self-assessments are performed with respect to all Services and that
such Subcontractor Controls are updated on a regular basis; (c) maintain an internal audit function
sufficient to monitor the processes and systems used to provide the Services (i.e., perform audits,
track control measures, communicate status to management, drive corrective action, etc.);
(d) conduct BS7799 audits and maintain BS7799 certification and Sarbanes-Oxley Requirements
compliance certification by an independent registered public accounting firm reasonably acceptable
to Advanta; (e) provide to Advanta, every calendar quarter, a summary of BS 7799 or SAS 70 audit
activities performed, associated significant findings, status of follow-up activity, summary of
control incidents (i.e., frauds, conflict of interest situations, etc.) and related corrective
action taken; and (f) cooperate with Advanta’s internal and external auditors in connection with
(i) any testing required to determine Subcontractor’s compliance with the Sarbanes-Oxley
Requirements, including as they apply to Advanta and the provision of the Services, and (iii) the
design, documentation and implementation of any corrective measures to correct any Subcontractor
Control deficiencies. Advanta shall have the right to review and approve remediation plans or
corrective measures in the event any audit or testing reveals any deficiency. In the event Advanta
requests any change to any previously-approved Subcontractor Controls and such change would
materially increase the costs of the Subcontractor to deliver the Services, Advanta shall be
responsible for such additional cost.

          (b) Record Retention. Subcontractor shall comply with Advanta’s record retention policies
(including those specifically related to the Sarbanes–Oxley Requirements), as such record retention
policies may be updated from time to time. Until the later of (a) seven (7) years after expiration
or termination of the MSA, or (b) all pending disputes and other matters relating to this Agreement
or the MSA have been fully resolved Subcontractor shall maintain and provide Advanta with access
upon request to all records, documents, and other information required to support
Advanta’s audit rights under the MSA, including records documenting access to Advanta’s
Confidential Information, compliance with Laws, and related matters (the “Records”).

     (c) Regulatory Examination. Without limiting the foregoing provisions of this Section 2.4,
Subcontractor shall make available its facilities, systems, personnel and records for

 

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examination
or audit to authorized representatives of a Governmental Authority or Card Association entitled to
undertake an examination or audit related to the Services. Subcontractor shall promptly notify
Advanta in writing of any negative findings resulting from any such audit or inquiry performed by a
Governmental Authority or a Card Association in connection with the Services. By entering into
this Agreement, Subcontractor agrees that certain federal and state agencies, including (a) the
FDIC, (b) the State of Utah Department of Financial Institutions, and (c) the governing authorities
in any state in which Subcontractor is doing business or performing Services will have the
authority and responsibility to examine Subcontractor Records and Subcontractor systems and
Facilities used to provide the Services. Subcontractor further agrees that it is subject to
examination by government examiners, auditors, inspectors and regulators of any governmental or
industry body having jurisdiction over Advanta’s business to the same extent as such Records,
systems and Facilities would be subject to examination if Advanta were providing such services on
its own premises. If a governmental or industry body exercises its right to examine or audit
Subcontractor Records, Subcontractor systems or Subcontractor Facilities, Subcontractor shall
provide all reasonable assistance requested by Advanta or the governmental or industry body in
responding to such audits or government requests for information.

3. REPRESENTATIONS, WARRANTIES AND ADDITIONAL COVENANTS.

Subcontractor represents, warrants and covenants to Advanta that:

          a. there are no pending or threatened claims against Subcontractor that could have a Material
Adverse Effect and Subcontractor is not aware of any circumstance that could give rise to such a
claim;

          b. (i) the Services shall be rendered with promptness, efficiency, and diligence, and shall be
executed in a workmanlike and cost-effective manner, in accordance with the high professional
practices and standards used in well-managed suppliers performing services substantially similar to
the Services; (ii) it shall use an adequate number of qualified individuals with suitable training,
education, experience, and skill to perform the Services; and (iii) the quality certifications for
any Subcontractor Facilities at or from which Services are performed or provided, and, to the
extent applicable., and (iv) the Services shall strictly comply with all applicable laws and the
terms of this Agreement and the MSA to ensure protection of Customer Data and Advanta Confidential
Information.

          c. it shall maintain the Software and the Equipment so that they operate in accordance with
their respective specifications, including by means of, subject to the terms and conditions of this
Agreement and the MSA: (i) maintaining the Software and the Equipment in good operating condition;
(ii) promptly undertaking repairs and preventive maintenance on the Equipment, including, at a
minimum, in accordance with applicable manufacturer’s recommendations; (iii) promptly installing
available Bug Fixes and Upgrades to the Software, subject to the terms and conditions of this
Agreement and the MSA; and (iv) performing all Software maintenance necessary to ensure that the
Software is up-to-date and functioning in accordance with its specifications.

          d. it shall use any resources and services necessary to provide the Services efficiently, and
that it shall perform the Services in the most cost-effective manner consistent with the level of
quality and performance required under the MSA.

 

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          e. (i) it shall provide the Services using proven, current technology that shall both enable
Advanta to take advantage of technological advances in its industry, and support Advanta’s efforts
to maintain competitiveness in the markets in which it competes; (ii) in consultation with Advanta,
it shall implement all available upgrades in technology, allowing the Parties to realize the
benefits of any applicable increases in efficiency and productivity; (iii) it shall proactively
seek out new technologies by surveying key suppliers, in order to identify advances or changes in
technology that are or could be appropriate and beneficial to Advanta, and shall contribute to the
ongoing development of Advanta’s strategies, principles, and standards (including with respect to
technical, data, and applications architectures) at Advanta’s request; and (iv) it shall use
diligence and practices in accordance with Payment Card Industry Standards to identify and protect
against emerging security risks and threats.

          f. it shall perform its obligations hereunder in a manner that does not, and that the
Supplier-Provided Software and any Deliverables or other materials prepared by or on behalf of
Subcontractor in the course of performing the Services do not, and shall not, infringe upon or
violate, or constitute a misappropriation of, any patent, copyright, trademark, trade secret,
license, or other intellectual property rights or other rights of any third party.

          g. it shall comply with all third party agreements applicable to the provision of the
Services, including, all of the terms and conditions for use of Advanta-Provided Software.

          h. it has entered into an EIPI Agreement with each of their respective employees providing the
Services and (ii) it shall enter into an EIPI Agreement with each new employee providing the
Services.

          i. all Deliverables and other materials prepared by or on behalf of Subcontractor in the
course of performing the Services do and shall: (i) conform to their respective specifications;
(ii) contain no material bugs or defects; and (iii) work for their intended purposes.

          j. it is either the owner of, or expressly authorized to use for purposes of providing the
Services, all Supplier-Provided Software and any other software that is provided or used, or shall
be provided or used, by Subcontractor in connection with this Agreement or the Subcontracting
Agreement.

          k. it shall use best efforts to ensure that no Viruses are coded or introduced into any
Software or Equipment used to provide the Services, into Advanta’s software or systems, or into any
Deliverables or other materials prepared by or on behalf of Subcontractor in the course of
performing the Services; (ii) if any Virus is discovered in any Software or Equipment used to
provide the Services or any Deliverables or other materials prepared by or on behalf of
Subcontractor in the course of performing the Services, Subcontractor shall immediately assist
Advanta in mitigating the adverse the effects of the Virus and, if the Virus causes a loss of
operational efficiency or loss of data, in mitigating such losses and restoring Advanta to its
pre-loss position; and (iii) if any Virus is discovered in Advanta’s systems and such Virus was
introduced in violation of this Section 3.f, Subcontractor shall indemnify Advanta for all Losses
incurred as a result of such violation.

          l. without the prior written consent of Advanta, no Open Source Software: (i) has been or
shall be coded or otherwise introduced into, or shall be made part of, incorporated into, combined
with, used to create, or distributed in conjunction with, any Software or Equipment

 

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used to provide
the Services, into Advanta’s software or systems, or into any Deliverables or other materials
prepared, maintained, or delivered by or on behalf of Subcontractor in the course of performing the
Services; (ii) shall be used in any manner that creates, or purports to create, obligations for
Advanta with respect to any Software or Equipment used to provide the Services, any Advanta
software or systems, or any Deliverables or other materials prepared, maintained or delivered, by
or on behalf of Subcontractor in the course of performing the Services, or grants or purports to
grant to any third party any rights or immunities under any such Software, Equipment, Deliverables
or materials (including any use, modification and/or distribution of Open Source Software that
requires, as a condition of such use, modification, and/or distribution, that other software
integrated with, derived from, or distributed with such Open Source Software be (A) disclosed or
distributed in Source Code form or (B) redistributed at no charge).

          m. Subcontractor shall use best efforts to not introduce any Disabling Code into any Software
or Equipment used to provide the Services, into Advanta’s software or systems, or into any
Deliverables or other materials prepared by or on behalf of Subcontractor in the course of
performing the Services; (ii) with respect to any Disabling Code that may be part of the Software
used to provide the Services, Subcontractor shall not invoke, cause to be invoked, or permit the
invocation of such Disabling Code at any time without Advanta’s prior written consent; and (iii) if
any Disabling Code has been found introduced in violation of this Section 3.m, Subcontractor shall
indemnify Advanta for all Losses incurred as a result of such violation.

          n. with respect to all date-related data and functions, the Software or Equipment used to
provide the Services and any Deliverables or other materials prepared by Subcontractor in the
course of performing the Services shall accept input, perform processes, and provide output in a
manner that: (i) is consistent with its intended use and all applicable specifications;
(ii) prevents ambiguous or erroneous results, including date-related errors; and (iii) does not
result in any adverse effect on the Services.

          o. it shall perform the Services in accordance with this Agreement, the MSA and all Laws
including Laws for protection of Customer Data and Advanta Confidential Information and Card
Association Rules applicable to the Services. Subcontractor hall operate its business in
accordance with all Laws including all Laws for protection of Customer Data and Advanta
Confidential Information and Card Association Rules applicable to its business, including all Laws
and Card Association Rules pertaining to licensing and registration, wages and hours of employment,
equal employment opportunity, non-discrimination, unemployment, social security, workers
compensation and withholding of taxes. Subcontractor represents and warrants to Advanta that it is
an equal opportunity employer. Subcontractor represents and warrants to Advanta that it does not
discriminate on the basis of race, color, religion, age, sex, national origin, marital status,
sexual orientation, veterans status, medical condition, disability, or any other legally protected
classification, except as permitted by Law.

          p. it shall not permit an individual, whether as an employee, agent, contractor or
subcontractor, to perform Services under this Agreement or the Subcontracting Agreement if such
individual has been convicted of a crime involving dishonesty, breach of trust or money laundering.

          q. it makes the additional service-specific representations, warranties and covenants, if any,
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               r. it shall immediately notify Advanta of any event that it is aware of, that, singly or in
the aggregate, could reasonably be expected to have a Material Adverse Effect.

4. MISCELLANEOUS.

          4.1 Assignment. This Agreement may not be assigned by Subcontractor, in whole or in part,
without the prior written consent of Advanta, and any such attempted assignment shall be deemed
null and void. This Agreement may not be assigned by Advanta, in whole or in part, without the
prior written consent of Subcontractor, and any such attempted assignment shall be deemed null and
void, provided, however, that Advanta shall have the right to assign this Agreement, or any portion
hereof, to any Affiliate, without Subcontractor’s consent. Subject to the foregoing, this
Agreement shall be binding upon, inure to the benefit of, and be enforceable by the successors and
permitted assigns of the Parties.

          4.2 Equitable Relief. Notwithstanding anything to the contrary herein, in the event Advanta
determines that a breach or threatened breach of the terms of this Agreement by Subcontractor is
such that it will cause irreparable harm that could not be compensated by monetary damages and a
temporary restraining order or other immediate injunctive relief is the only appropriate and
adequate remedy, Advanta shall be entitled to seek immediate injunctive and any other equitable
relief, from any court of competent jurisdiction, without bond and without the necessity of showing
actual money damages.

          4.3 Jurisdiction. Each Party hereby irrevocably consents to venue in New Castle County,
Delaware and to the non-exclusive jurisdiction of competent Delaware state courts or federal courts
in the District of Delaware for all litigation which may be brought with respect to the terms of,
and the transactions and relationships contemplated by, this Agreement. Advanta shall not be
subject to suit in any jurisdiction outside of the State of Delaware.

          4.4 Governing Law. This Agreement shall in all respects be construed and enforced in
accordance with and governed by the internal laws of the State of Delaware without giving effect to
any choice of law rule that would cause the application of the laws of any jurisdiction other than
the internal laws of the State of Delaware to the rights and duties of the Parties. The Parties
hereto consent to the non-exclusive jurisdiction of any State or Federal court sitting in the State
of Delaware and any appellate court from any thereof in any action or proceeding arising out of or
relating to this Agreement.

          4.5 Notices. All notices, requests, claims, demands, and other communications (collectively,
“Notices”) under this Agreement shall be in writing and shall be given or made by delivery in
person, by courier service, or by certified mail (postage prepaid, return receipt requested), to
the respective Party at the following address set forth below or at such other address as such
Party may hereafter notify the other Parties in accordance with this Section 4.4. Each such Notice
shall be effective when actually received at the respective addresses specified below:

If to Advanta:

Advanta Bank Corp.

Welsh and McKean Roads

Spring House, PA 19477-0844

USA

Attn: Mukesh Mehta

 

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with a copy to:

Advanta Bank Corp.

Welsh and McKean Roads

Spring House, PA 19477-0844

USA

Attn: General Counsel, Advanta Bank Corp.

If to Subcontractor:

	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Attn:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 	 	with a copy to:	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Attn:	 	 	 	 
	 

	 	 	 	 

	 	 

     4.6 Counterparts. This Agreement may be executed in counterparts, all of which taken together
shall constitute one single agreement between the Parties.

     4.7 Relationship of the Parties. The Parties intend to create an independent contractor
relationship, and nothing contained in this Agreement shall be construed to make Advanta or
Subcontractor partners, joint venturers, principals, agents, or employees of the other. No
Subcontractor officer, director, employee, agent, Affiliate, or contractor retained by
Subcontractor to perform work on Advanta’s behalf under this Agreement shall be deemed to be an
employee, agent, or contractor of Advanta. No Party shall have any right, power or authority,
express or implied, to assume or create any obligation of any kind on behalf of any other Party, to
make any representation or warranty on behalf of any other Party, or to bind any other Party in any
respect whatsoever.

     4.8 Severability. If any provision of this Agreement is held by a court of competent
jurisdiction to be contrary to law, then the remaining provisions of this Agreement, if capable of
substantial performance, shall remain in full force and effect.

     4.9 Cumulative Remedies; Waiver. Except as otherwise expressly provided herein, all remedies
provided for in this Agreement shall be cumulative and in addition to and not in lieu of any other
remedies available to a Party, whether at law, in equity, or otherwise. No delay or omission by a
Party to exercise any right or power it has under this Agreement shall impair or be construed as a
waiver of such right or power. A waiver by a Party of any breach or covenant hereunder shall not
be construed to be a waiver of any succeeding breach or any other covenant hereunder. All waivers
shall be in writing and signed by the Party waiving its rights.

     4.10 Entire Agreement. This Agreement, represents the entire agreement between the

 

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Parties
with respect to its subject matter, and supersedes any prior or contemporaneous representations,
proposals, understandings, agreements, or discussions, whether oral or written, between the Parties
relative to such subject matter.

     4.11 Amendments. No amendment to, or change, waiver, or discharge of, any provision of this
Agreement shall be valid unless in writing and signed by an Authorized Representative of each
Party.

     4.12 Survival. The following Articles and Sections of this Agreement shall survive
termination or expiration of this Agreement for any reason: Article 2; Sections 3 (b), (c),
(d), (f), (g), (h), (i), (k), (l), and (r); and Article 4.

     4.13 Covenant of Further Assurances. The Parties covenant and agree that, subsequent to the
execution and delivery of this Agreement and without any additional consideration, each such Party
shall each execute and deliver any further legal instruments and perform any acts which are or may
become necessary to effectuate the purposes of this Agreement. Subcontractor acknowledges that
Advanta is regulated by certain Governmental Authorities and the Card Associations. Accordingly,
additional requirements and limitations on the rights and obligations of the Parties under this
Agreement may be imposed by such Governmental Authorities, Card Associations or other entities
regulating Advanta including with respect to the following: (a) negative covenants; (c)
Confidential Information and data security; and (d) duties and responsibilities of Advanta or
Subcontractor.

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     IN WITNESS WHEREOF, Advanta and Subcontractor have each caused this Agreement to be signed and
delivered by its duly Authorized Representative.

	 	 	 	 	 	 	 
	Advanta Bank Corp.	 	Genpact India
	 
	 	 	 	 	 	 
	By:

	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	Name:

	 	 	 	Name:	 	 
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	Title:

	 	 	 	Title:	 	 
	 

	 	 
	 	 	 	 

 

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Attachment 11

Advanta Data Security Standards

******

 

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Attachment 12

Capital Costs for Calculation of Early Termination Fee

 

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CONFIDENTIAL AND PRIVILEGED: ATTORNEY WORK PRODUCT AND ATTORNEY-CLIENT COMMUNICATION

Attachment 12

Stranded Capital Costs for Calculation of Early Termination Fee 

	 	 	 	 	 
	Core IT Infrastructure
	 	$	*	*****
	Software Development, T&L and Testing
	 	$	*	*****
	Software Infrastructure
	 	$	*	*****
	Software License
	 	$	*	*****
	Project Management
	 	$	*	*****
	 
	Total
	 	$	*	*****

 

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Attachment 13

Affiliates

Advanta Affiliates:

     Advanta Corp.

Supplier Affiliates:

     Genpact India

     Genpact Services LLC, solely for the purpose of holding collection licenses in the U.S.
necessary to perform the Services.

 

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Attachment 14

Form of Employee Innovation and Proprietary Information Agreement

 

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EMPLOYEE INNOVATION AND PROPRIETARY INFORMATION AGREEMENT

To Genpact India

In consideration of my employment by Genpact India or any of its affiliates and subsidiaries (“the
Company”) and the salary or wages paid, to me, I agree, accept and acknowledge:

	a.	 	to disclose and hereby assign to the Company for its exclusive ownership, on a royalty-free,
worldwide, perpetual basis all my rights, title and interest including Intellectual Property
Rights arising in any work developed or conceived by me solely or jointly with others, in any
medium or format now known or later developed during the period and in the course of my
employment (1) that are along the lines of the businesses, work or investigations of the
Company or its affiliates or its customers, to which my employment relates or as to which I
may receive or have access to information due to my employment, or (2) that result from, are
correlated to or are suggested by any work which I may do for the Company or its customers,
or (3) that are otherwise made through the use of Company time, facilities, tools, processes,
information or materials.

“Intellectual Property Rights” means all right, title and interest to intellectual and
industrial property rights recognized in any jurisdiction including any inventions,
technical or business innovations, business methods or processes, (whether or not
patentable), copyrights, neighbouring rights, mask work rights, moral rights, trademarks,
trade names, service marks, domain names, industrial designs, trade secrets including any
processes, techniques, technology, algorithms, software, know-how, methodology, toolkit,
tools, module, manual, documentation, data or database and including any enhancement,
improvement, modification, adaptation or derivative work thereof, whether registered or
unregistered (including applications for, and registrations, extensions, renewals, and
re-issuances of, the foregoing).

	b.	 	I agree not to assert at any time, and otherwise waive and hereby assign to the Company (on
the above terms), any “moral rights” that I may have in copyrightable works developed by me
solely or jointly with others during the period and in the course of my employment with the
Company. I further waive all and any rights that I may have under the laws of publicity,
personality, privacy and defamation related to or in any aspect of the Intellectual Property.
I hereby confirm that non-exercise by the Company of any right assigned or waived hereunder,
for any period of time, shall not result in a lapse of the said assignment or waiver.

	c.	 	to execute all necessary papers and otherwise provide proper
assistance (at the Company’s expense) during and subsequent to my
employment, to enable the company to obtain for itself or its
affiliates and nominees, patents, copyrights, trade marks, domain
names or other legal protection or recognition for such Intellectual
Property in any and all countries.
	 
	d.	 	to make or maintain for the Company adequate and current written
records of all such Intellectual Property. Nothing in this Agreement
shall be construed as a license or right to use any Intellectual
Property or Confidential information given to me by the Company,
except for the express purpose of the employment.
	 
	e.	 	at the Company’s request, or upon any termination of my employment to
deliver to the Company promptly all tangible or intangible items which
belong to the Company or which by their nature are for use of Company
employees only, including, without limitation, all written and other
materials including information which are of a
Confidential* nature relating to the business of the
Company or its affiliates or its customers.

	e.	 	that all Confidential Information: (a) shall remain the property of Genpact or its customers;
(b) shall be treated as strictly confidential by me, (c) shall be used solely for purposes of
my employment, and for no other purpose; and (d) shall not be used, copied, published or
disclosed/made accessible to any party, without the Company’s prior written consent. I
acknowledge expressly, that the confidentiality and secrecy obligations survive for an
unlimited period of time after the termination of my services/activity for the Company; and

	f.	 	not to disclose or utilize in my work with the Company any proprietary or Confidential
Information of any third party (including of any prior employers or associates), any open

 

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source code, shareware, malicious code or disabling devices such as virus, worm, spyware, adware,
etc., or any inventions or innovations of my own which are not included within the scope of
this agreement, without the prior written consent of the Company.

	g.	 	not to challenge at any time the title, ownership and rights of the Company to such
Intellectual Property or Confidential Information. I agree that if the Company does not
exercise any rights assigned to it for any period of time, it shall not amount to a lapse of
such rights.

This agreement supersedes and replaces any existing agreement between the Company and me relating
generally to the same subject matter. It may not be modified or terminated, in whole or in part,
except in writing signed by an authorized representative of the Company. Discharge of my
undertakings in this agreement shall be an obligation of my executors, administrators or other
legal representatives or assigns.

I represent that, except as stated below, I have no agreements with or obligations to others in
conflict with the foregoing.

*The term Confidential Information is used in the ordinary sense and does not refer to
official security classifications of any government. The Company generally considers “secret” and
“confidential” information or data which is non-public, confidential, sensitive, is disclosed under
circumstances that one would reasonably expect it to be confidential and/or proprietary in nature,
regardless of whether such information or data is in (i) oral, written, machine readable, recorded,
or maintained on other forms of electronic media or (ii) marked as such or (iii) owned, maintained
and controlled by the Company or by any client, customer or third party towards whom the Company
has an obligation of confidentiality. When in doubt, you should assume that information or data is
secret or confidential unless or until determined otherwise. Without limitation, examples of
information which may be of a secret or confidential nature are: financial information; business
information, plans and operations; processes; specific transactions; all materials and information
relating to clients, customers, consultants, contractors or employees; marketing and technical
plans; strategies; analyses; forecasts; Intellectual Property; HR and payroll records; information
systems; personally identifiable data and/or information concerning a party’s existing and future
products and services. For further information, you should consult your components assigned legal
counsel. Because of the sensitive nature of the information that I may become aware of as a result
of my employment, the intent of the parties is that these provisions be interpreted as broadly as
possible to protect Confidential Information.

(TYPE OR PRINT IN INK, USING FIRM PRESSURE)

Full name                     

Component                                Location                     

Permanent Address and phone No.                     

Employee Code                                         

Passport No.                                         

	 	 	 
	 

	 	 
	Witness (The Employee’s immediate
manager or other appropriate
representative of the Company)

	 	(Employee’s signatures to include Employee’s
first name in full)
	 
	 	 
	Position

	 	 

Date                                         

Countersigned – Authorised Company Representative

(Required only when this agreement supersedes prior Agreement)

 

****** — Denotes material that has been
omitted and filed separately with the Commission.

 

The following are the only agreements to which I am a party, which may be in conflict with the
obligation undertaken above:

	 	 	 
	 

(Employee’s signatures to include Employee’s first name in full)

	 	 

Note for the Employee: In case you are leaving this column blank, then please strike out the space
and sign at the indicated place.

 

****** — Denotes material that has been
omitted and filed separately with the Commission.

 

Attachment 15

Form of Parent Guaranty

 

****** — Denotes material that has been
omitted and filed separately with the Commission.

 

GUARANTY

     THIS GUARANTY (“Guaranty”), dated as of March ___, 2007, is made by Genpact Global Holdings SICAR
S.a.r.l., a Grand Duchy of Luxembourg investment company in risk capital in the form of a private
limited liability company (société d’investissement en capital à risque sous forme de société à
responsabilité limitée), registered with the Luxembourg Trade and Companies Register under the
number B 104 548 (“Guarantor”), in favor of Advanta Bank Corp., a Utah industrial bank (“Advanta”).

     Pursuant to the Master Services Agreement, by and between Advanta and Genpact International LLC,
Hungarian Branch, a Delaware Limited Liability Company (“Supplier”), dated as of the date hereof
(“Master Services Agreement’), Supplier has agreed to provide to Advanta and its affiliates certain
services (collectively, “Services”) from time to time. Section 30.22 of the Master Services
Agreement requires Guarantor to execute a guaranty agreement in favor of Advanta as a condition
precedent to the effectiveness of the Master Services Agreement. Accordingly, the parties hereto
desire that Guarantor guarantee all payment obligations of Supplier to Advanta, its affiliates and
their respective officers, directors, employees, agents, licensors, successors, and assigns
(together “Advanta Parties”) under the Master Services Agreement as set forth herein. Guarantor,
as the ultimate corporate parent of Supplier, will derive substantial direct and indirect benefits
from the Supplier’s provision of Services to Advanta (which benefits are hereby acknowledged by
Guarantor).

     Accordingly, in satisfaction of the condition set forth in Section 30.22 of the Master Services
Agreement, and for and in consideration of the agreements therein and herein, Guarantor hereby
agrees as follows:

     1. Guaranty. Guarantor hereby unconditionally and irrevocably guarantees to Advanta the full
and prompt payment when due (whether at stated maturity, declaration, acceleration, demand or
otherwise) of all the indebtedness, indemnities, liabilities and other payment obligations of
Supplier to the Advanta Parties in respect of the provision of Services by Supplier to Advanta,
including, without limitation, any amounts due and payable by Supplier to any Advanta Party arising
under, out of or in connection with the Master Services Agreement or any other agreements or
contracts governing the provision of the Services or made, delivered or given in connection
therewith (each a “Contract” and, collectively, “Contracts”), and any and all interest, taxes,
fees, charges, costs, expenses and other amounts chargeable to Supplier under any Contract, and
including interest that accrues after the commencement by or against Supplier of any action, case
or proceeding involving insolvency, bankruptcy, reorganization, arrangement, adjustment,
composition, assignment for the benefit of creditors, liquidation, winding up or dissolution under
any applicable laws with respect thereto (an “Insolvency Proceeding”). The terms “indebtedness,”
“indemnities,’ “liabilities” and “obligations” are used herein in their most comprehensive sense
and include any and all advances, debts, obligations and liabilities, now existing or hereafter
arising, regardless of by what instrument, agreement, contract or entry in any Advanta Party’s
accounts they may be evidenced, or whether evidenced by any instrument, agreement, contract or
entry in any Advanta Party’s accounts, whether voluntary or involuntary and whether due or not due,
absolute or contingent, liquidated or unliquidated, determined or undetermined, and whether
recovery upon such indebtedness, liabilities and obligations may be or hereafter become
unenforceable under the Bankruptcy Reform Act of 1978 (the “Bankruptcy

 

****** — Denotes material that has been
omitted and filed separately with the Commission.

 

Code”) or other applicable law and exclude, for the avoidance of doubt, the provision of any
Services. The foregoing indebtedness, indemnities, liabilities and other obligations of Supplier,
and all other indebtedness, indemnities, liabilities and obligations to be paid by Guarantor in
connection with this Guaranty (including any and all amounts due under Section 11 hereof), shall
hereinafter be collectively referred to as the “Obligations.”

     2. Liability
of Guarantor. The liability of Guarantor under this Guaranty shall be
irrevocable, absolute, independent and unconditional, and shall not be affected by any circumstance
which might constitute a discharge of a surety or guarantor other than the indefeasible payment and
performance in full of all Obligations. In furtherance of the foregoing and without limiting the
generality thereof, Guarantor agrees as follows: (i) Guarantor’s liability hereunder shall be the
immediate, direct, and primary obligation of Guarantor and shall not be contingent upon any Advanta
Party’s exercise or enforcement of any remedy it may have against Supplier or any other Person, or
against any collateral for any Obligations; (ii) this Guaranty is a guaranty of payment when due
and not of collectibility; (iii) Advanta may enforce this Guaranty upon the occurrence of a default
notwithstanding any dispute between Advanta and Supplier with respect to the existence of such
default; (iv) Guarantor’s payment of a portion, but not all, of the Obligations shall in no way
limit, affect, modify or abridge Guarantor’s liability for any portion of the Obligations remaining
unsatisfied; and (v) Guarantor’s liability with respect to the Obligations shall remain in full
force and effect without regard to, and shall not be impaired or affected by, nor shall Guarantor
be exonerated or discharged by, (A) any Insolvency Proceeding with respect to Supplier, Guarantor,
any other guarantor or any other Person; (B) any limitation, discharge, or cessation of the
liability of Supplier, any other guarantor or any other Person for any Obligations due to any
statute, regulation or rule of law, or any invalidity or unenforceability in whole or in part of
any of the Obligations; (C) any merger, acquisition, consolidation or change in structure of
Supplier, Guarantor or any other guarantor or Person, or any sale, lease, transfer or other
disposition of any or all of the assets or shares of Supplier, Guarantor, any other guarantor or
other Person; (D) any assignment or other transfer, in whole or in part, of Advanta’s interests in
and rights under this Guaranty, including Advanta’s right to receive payment of the Obligations, or
any assignment or other transfer, in whole or in part, of Advanta’s interests in and to any
collateral securing the Obligations; (E) any claim, defense, counterclaim or setoff, other than
that of prior performance, that Supplier, Guarantor, any other guarantor or other Person may have
or assert, including any defense of incapacity or lack of corporate or other authority to execute
or deliver any Contract or this Guaranty or any other document related thereto; (F) any direction
of application of payment to Supplier, Guarantor, any other guarantor or other Person; and
(G) Advanta’s vote, claim, distribution, election, acceptance, action or inaction in any bankruptcy
case related to the Obligations.

     3. Consents. Guarantor hereby consents and agrees that, without notice to or further assent
from Guarantor: (i) the time, manner, place or terms of any payment under any Contract may be
extended or changed, including by an increase or decrease in the interest rate on any Obligation or
any fee or other amount payable under such Contract, by a modification or renewal of any Contract
or otherwise; (ii) the time for Supplier’s performance of or compliance with any term, covenant or
agreement on its part to be performed or observed under any Contract may be extended, or such
performance or compliance waived, or failure in or departure from such performance or
compliance consented to, all in such manner and upon such terms as Advanta may deem proper;
(iii) Advanta may discharge or release, in whole or in part, any other

2.

****** — Denotes material that has been
omitted and filed separately with the Commission.

 

guarantor or any other Person liable for the payment and performance of all or any part of the
Obligations, and may permit or consent to any such action or any result of such action, and Advanta
shall not be liable to Guarantor for any failure to collect or enforce payment of the Obligations;
(iv) Advanta may take and hold security of any kind, at any time, as collateral for the
Obligations, and may, from time to time, in whole or in part, exchange, sell, surrender, release,
subordinate, modify, waive, rescind, compromise or extend such security and may permit or consent
to any such action or the result of any such action, and may apply such security and direct the
order or manner of sale thereof; (v) Advanta may request and accept other guaranties of the
Obligations and may, from time to time, in whole or in part, surrender, release, subordinate,
modify, waive, rescind, compromise or extend any such guaranty and may permit or consent to any
such action or the result of any such action; and (vi) Advanta may exercise, or waive or otherwise
refrain from exercising, any other right, remedy, power or privilege granted by any Contract, or
otherwise available to Advanta, with respect to the Obligations and any collateral therefor, even
if the exercise of such right, remedy, power or privilege affects or eliminates any right of
subrogation or any other right of Guarantor against Supplier; all as Advanta may deem advisable,
and all without impairing, abridging, releasing or affecting this Guaranty.

     4. Waivers. (a) Guarantor waives and agrees not to assert: (i) any right to require Advanta
to proceed against Supplier, any other guarantor or any other Person, to proceed against or exhaust
any collateral or other security held for the Obligations (except to the extent required by
applicable law), to give notice of or institute any public or private sale, foreclosure, or other
disposition of any collateral or security for the Obligations, including, without limitation, to
comply with applicable provisions of the Delaware Uniform Commercial Code (“UCC”) or any equivalent
provision of any other applicable law in connection with the sale, foreclosure, or other
disposition of any collateral or to pursue any other right, remedy, power or privilege of Advanta
whatsoever; (ii) the defense of the statute of limitations in any action hereunder or for the
collection or performance of the Obligations; (iii) any defense arising by reason of any lack of
corporate or other authority or any other defense of Supplier, Guarantor or any other Person;
(iv) any defense based upon Advanta’s errors or omissions in the administration of the Obligations;
(v) any rights to set-offs and counterclaims; (vi) any other defenses available to Supplier under
applicable law governing the provision of any Services to Advanta; and (viii) without limiting the
generality of the foregoing, to the fullest extent permitted by law, any other defenses or benefits
that may be derived from or afforded by applicable law limiting the liability of or exonerating
guarantors or sureties, or which may conflict with the terms of this Guaranty. (b) Guarantor
waives any and all notice of the acceptance of this Guaranty, and any and all notice of the
creation, renewal, modification, extension or accrual of the Obligations, or the reliance by
Advanta upon this Guaranty, or the exercise of any right, power or privilege hereunder. The
Obligations shall conclusively be deemed to have been created, contracted, incurred and permitted
to exist in reliance upon this Guaranty. Guarantor waives promptness, diligence, presentment,
protest, demand for payment, notice of default, dishonor or nonpayment and all other notices to or
upon Supplier, Guarantor or any other Person with respect to the Obligations. (c) The obligations
of Guarantor hereunder are independent of and separate from the obligations of Supplier and any
other guarantor and upon the occurrence and during the continuance of any default, a separate
action or actions may be brought against Guarantor, whether or not Supplier
or any such other guarantor is joined therein or a separate action or actions are brought
against Supplier or any such other guarantor. (d) Guarantor shall not have

3.

****** — Denotes material that has been
omitted and filed separately with the Commission.

 

any right to require Advanta to obtain or disclose any information with respect to (i) the
financial condition or character of Supplier or the ability of Supplier to pay and perform the
Obligations; (ii) the Obligations; (iii) any collateral or other security for any or all of the
Obligations; (iv) the existence or nonexistence of any other guarantees of all or any part of the
Obligations; (v) any action or inaction on the part of Advanta or any other Person; or (vi) any
other matter, fact or occurrence whatsoever.

     5. Subrogation. Until the Obligations shall be satisfied in full, Guarantor shall not have,
and shall not directly or indirectly exercise, (i) any rights that it may acquire by way of
subrogation under this Guaranty, by any payment hereunder or otherwise, (ii) any rights of
contribution, indemnification, reimbursement or similar suretyship claims arising out of this
Guaranty, or (iii) any other right which it might otherwise have or acquire (in any way whatsoever)
which could entitle it at any time to share or participate in any right, remedy or security of
Advanta as against Supplier or other guarantors, whether in connection with this Guaranty or
otherwise. If any amount shall be paid to Guarantor on account of the foregoing rights at any time
when any Obligations are outstanding, such amount shall be held in trust for the benefit of Advanta
and shall forthwith be paid to Advanta to be credited and applied to the Obligations.

     6. Continuing Guaranty. Guarantor agrees that this Guaranty is a continuing guaranty relating
to any Obligations, including Obligations which may exist continuously or which may arise from time
to time under successive transactions, and Guarantor expressly acknowledges that this Guaranty
shall remain in full force and effect notwithstanding that there may be periods in which no
Obligations exist. This Guaranty shall continue in effect and be binding upon Guarantor until all
Obligations under the Contracts have been duly paid in full or otherwise discharged, and any
dispute in relation to a claim hereunder has been resolved by the final judgment of a court of
competent jurisdiction and any amounts due to be paid under this Guaranty as a consequence of such
judgment have been paid in full. This Guaranty shall continue to be effective or shall be
reinstated and revived, as the case may be, if, for any reason, any payment of the Obligations by
or on behalf of Supplier shall be rescinded or must otherwise be restored by Advanta, whether as a
result of any Insolvency Proceeding or otherwise. To the extent any payment is rescinded or
restored, the Obligations shall be revived in full force and effect without reduction or discharge
for such payment.

     7. Payments. Guarantor hereby agrees, in furtherance of the foregoing provisions of this
Guaranty and not in limitation of any other right which Advanta or any other Person may have
against Guarantor by virtue hereof, that upon the failure of Supplier to pay any of the Obligations
when and as the same shall become due (including amounts that would become due but for the
operation of the automatic stay under §362(a) of the Bankruptcy Code), Guarantor shall forthwith
pay, or cause to be paid, in cash, to Advanta, an amount equal to the amount of the Obligations
then due to Advanta and unpaid (including interest which, but for the filing of a petition in any
Insolvency Proceeding with respect to Advanta, would have accrued on such Obligations, whether or
not a claim is allowed against Advanta for such interest in any such Insolvency Proceeding). All
payments made by Guarantor hereunder may be applied in such order as Advanta shall elect.
Guarantor shall make each payment hereunder, without deduction (whether for taxes or otherwise),
set-off or counterclaim, on the day when due in same day or immediately available funds, and in
U.S. dollars.

4.

****** — Denotes material that has been
omitted and filed separately with the Commission.

 

     8. Representations; Covenants. (a) Guarantor represents and warrants to Advanta that
(i) Guarantor is a corporation duly organized and validly existing under the law of the
jurisdiction of its incorporation, and has all requisite power and authority to own its assets and
carry on its business and to execute, deliver and perform its obligations under this Guaranty; (ii)
the execution, delivery and performance by Guarantor of this Guaranty have been duly authorized by
all necessary corporate action of Guarantor, and do not and will not result in a breach of or
constitute a default under any material agreement, lease or instrument to which Guarantor is a
party or by which it or its properties may be bound or affected, or violate any provision of any
law, rule, regulation, order, writ, judgment, injunction, decree or the like binding on or
affecting Guarantor; (iii) this Guaranty constitutes the legal, valid and binding obligation of
Guarantor, enforceable against Guarantor in accordance with its terms; (iv) no authorization,
consent, approval, license, exemption of, or filing or registration with, any governmental agency
or authority is required for the due execution, delivery or performance by Guarantor of this
Guaranty; and (vi) Supplier will perform all of its obligations under the Contracts and under
Division 2 of the UCC. (b) So long as this Guaranty shall be in effect, Guarantor (i) will not
liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), merge with or
consolidate into, any Person, or sell, transfer, lease or otherwise dispose of (whether in one
transaction or in a series of transactions) all or substantially all of its assets, except that
Guarantor may merge with or consolidate into any other Person or sell, transfer, lease or otherwise
dispose of all or substantially all of its assets to another Person, provided that the surviving
entity or such Person shall expressly assume by an amendment hereto all of the obligations of
Guarantor hereunder and no default exists; and (ii) will furnish to Advanta from time to time such
information respecting Guarantor’s financial condition as Advanta may from time to time reasonably
request and will execute, acknowledge, deliver, file, notarize and register at its own expense all
such further agreements, instruments, certificates, documents and assurances and perform such acts
as Advanta shall deem necessary or appropriate to effectuate the purposes of this Guaranty and
shall reasonably request.

     9. Notices. All notices and other communications provided for hereunder shall, unless
otherwise stated herein, be in writing (including by facsimile or email) and shall be mailed (by
certified or registered mail), sent or delivered (i) if to Advanta, to:

Advanta Bank Corp.

Welsh and McKean Roads

Spring House, PA 19477-0844

USA

Attn: Mukesh Mehta

with a copy to:

Advanta Bank Corp.

Welsh and McKean Roads

Spring House, PA 19477-0844

USA

Attn: General Counsel

5.

****** — Denotes material that has been
omitted and filed separately with the Commission.

 

and (ii) if to Guarantor, at or to its address or facsimile number, or email address, set forth
below its name on the signature page hereof, or at or to such other address or facsimile number, or
email address, as such party shall have designated in a written notice to the other party. All
such notices and communications shall be effective (i) if delivered by hand, sent by certified or
registered mail or sent by an overnight courier service, when received; and (ii) if sent by
facsimile transmission or electronic mail, when sent.

     10. No Waiver. No failure on the part of Advanta to exercise, and no delay in exercising, any
right, remedy, power or privilege hereunder shall operate as a waiver thereof, nor shall any single
or partial exercise of any such right, remedy, power or privilege preclude any other or further
exercise thereof or the exercise of any other right, remedy, power or privilege. The rights and
remedies under this Guaranty are cumulative and not exclusive of any rights, remedies, powers and
privileges that may otherwise be available to Advanta.

     11. Costs and Expenses. Guarantor agrees to pay on demand all reasonable costs and expenses
of the Advanta Parties and reasonable fees and disbursements of counsel in connection with the
enforcement, or preservation of any rights under, this Guaranty.

     12. Binding Effect; Entire Agreement; Amendments. This Guaranty shall be binding upon
Guarantor and its successors and assigns, and inure to the benefit of and be enforceable by the
Advanta Parties and their respective successors, endorsees, transferees and assigns; provided that
Guarantor shall not have the right to assign or transfer its rights and obligations hereunder
without the prior written consent of Advanta. This Guaranty constitutes the entire agreement of
Guarantor with respect to the matters set forth herein and supersedes any prior agreements,
commitments, discussions and understandings, oral or written, with respect thereto. There are no
conditions to the full effectiveness of this Guaranty. This Guaranty may not be amended except by
a writing signed by Guarantor and Advanta. No waiver of any rights of Advanta under any provision
of this Guaranty or consent to any departure by Guarantor therefrom shall be effective unless in
writing and signed by Advanta. Any such amendment, waiver or consent shall be effective only in
the specific instance and for the specific purpose for which given.

     13. Knowing and Explicit Waivers. Guarantor acknowledges that it has either obtained the
advice of legal counsel or has had the opportunity to obtain such advice in connection with the
terms and provisions of this Guaranty. Guarantor acknowledges and agrees that each of the waivers
and consents set forth herein, including, without limitation, those contained in Sections 2 through
4, are made with full knowledge of their significance and consequences. Additionally, Guarantor
acknowledges and agrees that by executing this Guaranty, it is waiving certain rights, benefits,
protections and defenses to which it may otherwise be entitled under applicable law, and that all
such waivers herein are explicit, knowing waivers. Guarantor further acknowledges and agrees that
Advanta is relying on such waivers in creating the Obligations, and that such waivers are a
material part of the consideration which Advanta is receiving for creating the Obligations.

     14. Severability. Whenever possible, each provision of the Guaranty shall be interpreted in
such manner as to be effective and valid under all applicable laws and regulations. If, however,
any provision of this Guaranty shall be prohibited by or invalid under any such law or regulation,
it shall be deemed modified to conform to the minimum requirements of such law

6.

****** — Denotes material that has been
omitted and filed separately with the Commission.

 

or regulation, or, if for any reason it is not deemed so modified, it shall be ineffective and
invalid only to the extent of such prohibition or invalidity without affecting the remaining
provisions of this Guaranty.

     15. Law; Submission to Jurisdiction; Jury Trial Waiver.

     (i) THIS GUARANTY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
DELAWARE IN THE UNITED STATES OF AMERICA.

     (ii) Guarantor hereby (A) submits to the non-exclusive jurisdiction of the courts of the State of
Delaware and the Federal courts of the United States sitting in the State of Delaware for the
purpose of any action or proceeding arising out of or relating to this Guaranty; (B) agrees that
all claims in respect of any such action or proceeding may be heard and determined in such courts;
(C) irrevocably waives (to the extent permitted by applicable law) any objection which it now or
hereafter may have to the laying of venue of any such action or proceeding brought in any of the
foregoing courts in and of the State of Delaware, and any objection on the ground that any such
action or proceeding in any such court has been brought in an inconvenient forum; (D) agrees that a
final judgment in any such action or proceeding shall be conclusive and may be enforced in other
jurisdictions, including the Grand Duchy of Luxembourg, by suit on the judgment or in any other
manner permitted by law; and (E) designates Genpact U.S. Holdings, Inc. with an address at 1251
Avenue of the Americas, Suite 4100, New York, NY 10020, as agent upon whom process against
Guarantor may be served.

     (iii) GUARANTOR AND, BY ITS ACCEPTANCE HEREOF, ADVANTA, HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A
TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF OR RELATED TO THIS
GUARANTY.

     16. Counterparts. This Guaranty may be signed in one or more counterparts, each of which when
so executed and delivered shall be deemed an original, but all of which together shall constitute
one instrument.

7.

****** — Denotes material that has been
omitted and filed separately with the Commission.

 

     IN WITNESS WHEREOF, Guarantor has executed and delivered this Guaranty, as of the date first above
written.

	 	 	 	 	 	 	 
	 	 	Genpact Global Holdings SICAR S.a.r.l.	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:	 	 	 	 
	 

	 	 	 	65, Boulevard, Grande Duchesse,

Charlotte, L-1331, Luxembourg	 	 
	 

	 	 	 	Attn.:	 	 
	 

	 	 	 	Fax: (                    )                     -                    	 	 

	 	 	 	 	 
	Acknowledged and Agreed:	 	 
	 
	 	 	 	 
	Advanta Bank Corp.	 	 
	 
	 	 	 	 
	By

	 	 	 	 
	Name:

	 	 	 	 	 	 
	Title:
	 	 	 	 

8.

****** — Denotes material that has been
omitted and filed separately with the Commission.

 

FIRST AMENDMENT TO MASTER SERVICES AGREEMENT

     This First Amendment to Master Service Agreement (this “Amendment”) is made and entered into
as of the 15th day of April, 2008 by and between Advanta Bank Corp. (“Advanta”) and Genpact
International, Inc. (formerly Genpact International, LLC) a Delaware corporation, through its
Hungarian branch (“Supplier” or “Genpact”).

RECITALS

     A. Advanta and Supplier have previously entered into a Master Consulting Agreement dated March
15, 2007, as amended by letter agreements dated May 15, September 5, October 12, October 30 and
December 13, 2007 and January 28 and March 12, 2008 (as amended, the “MSA”).

     B. Advanta and Supplier now desire to amend the MSA as set forth herein.

AGREEMENT

     In consideration of the mutual covenants contained herein and other good and valuable
consideration, receipt and sufficiency of which is acknowledged, Advanta and Supplier hereby agree
as follows:

     1. The second sentence in Section 12.1 of the MSA is hereby amended to add at the end of the
sentence the words “and based on ****** as set forth in the SOWs”, so that the sentence in total
shall now read as follows:

“The Fees may be adjusted ****** as set forth in Attachment 8, and based on ****** as set
forth in the SOWs.”

     2. Notwithstanding anything to the contrary in the MSA including without limitation the Fee
Schedule to the MSA, if the amount of Monthly Fees payable by Advanta for all Services provided by
Supplier for the month

     (A) ******

     (B) ******

     3. The Fee Schedule to the MSA (Attachment 8 to the MSA) is hereby amended to delete the
definition of FTE Productive Hours and replace it with the definition set forth below and to add
the following definitions for Auxiliary Time and Replacement FTEs:

FTE Productive Hours for New Accounts, Customer Service and Collections processes means FTE hours
in a day, during which the individual is ****** but not including lunch and other breaks, and in no
event less than ******:

******

 

****** — Denotes material that has been
omitted and filed separately with the Commission.

 

Auxiliary Time means: Any time used for or coded in the phone system under the following
Auxiliary Codes (AUX Codes):

******

Replacement FTEs mean FTEs that are not Baseline FTEs or Increased FTEs and are replacements for
Current FTEs who are no longer providing Services resulting from voluntary or involuntary
termination.

     4. Section 22.1 of the MSA is hereby amended to read as follows:

“Advanta and Supplier will mutually agree on a comprehensive Business Continuity and Disaster
Recovery Plan (BCP Plan) by May 31, 2008 that will address the level of continued delivery of
Services in the event of a disaster or outage affecting Supplier’s Facilities. Once finalized,
Supplier will provide Advanta with a copy of the BCP Plan. Advanta and its regulators may request
reasonable changes to the BCP Plan and such requests shall be addressed promptly by Supplier.
Advanta and Supplier agree that notwithstanding any provisions in the BCP Matrixes attached to the
SOWs, while the BCP is being finalized, Supplier will provide Advanta with at least ****** in the
Uppal facility or the Phoenix Towers facility (if connectivity between the two facilities exist) by
May 31, 2008; at least ****** in the Uppal facility or the Phoenix Towers facility (if connectivity
between the two facilities exist) by August 1, 2008; and at least ****** seats in the Uppal
facility or the Phoenix Towers facility (if connectivity between the two facilities exist) by
December 15, 2008 for use in the event of interruption of Services in Supplier’s DLF Building. The
previous sentence shall be subject to and superseded by the mutually agreed upon BCP Plan.

     5. Attachment 3 of the MSA, the Information Technology Architecture, is hereby deleted in its
entirety and replaced with the document attached hereto as Exhibit A.

     6. Paragraph C(4) of Attachment 4 to the MSA (Service Level Standards and ******) is hereby
amended to read as follows:

     “Supplier shall pay Advanta by crediting on each monthly invoice, or as directed by Advanta
but not more than monthly, an amount equal to the ****** payable during that month upto a maximum
of ******. Supplier will ‘true-up’ all ****** payable, less ******, once every six (6) months.”

 

****** — Denotes material that has been
omitted and filed separately with the Commission.

 

     7. Section 5.4 (Failure to Perform) of the MSA is hereby amended by inserting the following
subsection (c) thereunder:

     “Degradations or failure of performance shall not constitute a failure by Supplier to comply
with the Service Levels to the extent that any such failure is attributable to any one or more of
the following causes:

	 	(a)	 	the acts or omissions of Advanta or any Advanta agent, including failure to
perform Advanta’s obligations specified in an SOW; and
	 
	 	(b)	 	a Force Majeure Event.

     8. Capitalized terms used but not otherwise defined in this Amendment will have the meanings
set forth in the MSA. In the event of a conflict between this Amendment and the MSA as it relates
to the subject matter hereof, the terms of this Amendment will control. Otherwise, all terms and
conditions of the MSA will remain in full force and effect and likewise apply to this Amendment.

     9. 
This Amendment may be executed in several counterparts each of which will be
deemed an original but all of which will constitute only one Amendment. Facsimile or
pdf copies of signatures shall be effective as if original.

 

****** — Denotes material that has been
omitted and filed separately with the Commission.

 

IN WITNESS WHEREOF, the parties hereto have executed this First Amendment as of the date first
above written.

	 	 	 	 	 
	Advanta Bank Corp.	 	 
	 
	 	 	 	 
	By:
	 	/s/ Mukesh
Mehta     4/21/08	 	 
	 

	 	 

	 	 
	Name:
	 	Mukesh Mehta	 	 
	 

	 	 

	 	 
	Title:
	 	Senior Vice President
	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	Genpact International, Inc., Hungarian Branch
	 
	 	 	 	 
	By:
	 	/s/ Mohit
Thukral	 	 
	 

	 	 

	 	 
	Name:
	 	Mohit
Thukral	 	 
	 

	 	 

	 	 
	Title:
	 	Senior Vice President	 	 
	 

	 	 

	 	 

 

****** — Denotes material that has been
omitted and filed separately with the Commission.

 

Exhibit A

Attachment 3

Information Technology Architecture

 

****** — Denotes material that has been
omitted and filed separately with the Commission.

 

			
	
	 	

IT & Voice Infrastructure

Design Document

(Advanta)

	 	 	 	 	 
	Document Owner	 	Version	 	Revision Date
	******
	 	1.0
	 	January 31, 2007
	******
	 	1.0a
	 	February 1, 2007
	 
	 	1.0b
	 	March 31, 2008

NOTICE

The information contained in this document is not to be used for any purpose other than the
purposes for which this document is furnished by the Genpact, nor is this document (in whole or in
part) to be reproduced or furnished to third parties or made public without the prior express
written permission from Genpact.

******

 

****** — Denotes material that has been
omitted and filed separately with the Commission.

 

	 	 	 
	 

	 	Advanta
	

	 	Bank Corp.
	 

	 	Welsh & McKean Roads
	 

	 	P.O. Box 844
	 

	 	Spring House, PA 19477-0844

May 15, 2008

Via Email and Courier

******

Genpact

Plot Number 129-132

Gachibowli Housing Colony,

Near IIIT, RR District,

Gachibowli, Hyderabad 50001, Andhra Pradesh, India

Dear Rama:

Reference is made to that certain Master Services Agreement between Advanta Bank Corp. (“Advanta”)
and Genpact International LLC, now known as Genpact International, Inc., Hungarian Branch
(“Genpact”) dated March 15, 2007 (the “MSA”) and the Statements of Work # 005, 006, 007, 008, 009,
010, 011 and 012 executed pursuant to the MSA (the “Production SOWs” and collectively along with
the MSA, the “Agreement”).

This letter confirms Genpact and Advanta’s mutual agreement that until such time as Advanta
provides Genpact with forecasts for ramp up plans or provides instructions to the contrary, Genpact
shall charge Advanta Monthly Fees pursuant to the Agreement for the ****** requested by Advanta
under the SOWs, ******.

All capitalized terms in this letter shall have the definitions set forth in the Agreement.

Please indicate your agreement by having a copy of this letter executed below on behalf of Genpact
International Inc. and return it to me at the above address. Thank you for your assistance and
attention to this matter.

Sincerely,

/s/
Mukesh Mehta

Mukesh Mehta

Senior Vice President, Advanta Bank Corp.

Agreed to and Accepted this ___th day of May, 2008

Genpact International, Inc. Hungarian Branch

By:                                                            

Name and Title:

Cc: ******

 

****** — Denotes material that has been
omitted and filed separately with the Commission.

 

	 	 	 
	 

	 	Advanta
	

	 	Bank Corp.
	 

	 	Welsh & McKean Roads
	 

	 	P.O. Box 844
	 

	 	Spring House, PA 19477-0844

June 6, 2008

Via Email and Courier

******

Genpact International, Inc.

Sector 53, Sector Road  — DLF Phase V

Gurgaon — 122002, Haryana, India

Dear Sanjay:

Reference is made to that certain Master Services Agreement between Advanta Bank Corp. (“Advanta”)
and Genpact International LLC, now known as Genpact International, Inc., Hungarian Branch
(“Genpact”) dated March 15, 2007 (the “MSA”) and the Statements of Work # 005, 006, 007, 008, 009,
010, 011 and 012 executed pursuant to the MSA (the “Production SOWs” and collectively along with
the MSA, the “Agreement”).

This letter confirms Genpact and Advanta’s agreement that, in addition to the DLF Building in
Hyderabad specified in the SOWs (the “Hyderabad Site”), Services shall also be performed from a
second location in Gurgaon, India: specifically, Building 6, Sector 24 & 25A, DLF Cyber City (SEZ),
PH-III, Gurgoan, 122002, India (the “Gurgaon Site”). By June 23, 2008, Services specified in SOWs
#006, 007, 008, 009, 010 and 012 will be performed from both the Hyderabad Site and the Gurgaon
Site in the proportions mutually agreed to by the parties. The parties may mutually agree on any
other Services that are to be performed either entirely or partially from the Gurgaon Site in the
future.

All capitalized terms in this letter shall have the definitions set forth in the Agreement.

Please indicate your agreement by having a copy of this letter executed below on behalf of Genpact
International Inc. and return it to me at the above address. Thank you for your assistance and
attention to this matter.

Sincerely,

/s/
Mukesh
Mehta

Mukesh Mehta

Senior Vice President, Advanta Bank Corp.

Agreed to and Accepted this ___th day of June, 2008

Genpact International, Inc. Hungarian Branch

By:  /s/
Mohit
Thukral                                                          

Name and Title:   Mohit
Thukral, Senior Vice President

Cc: ******

 

****** — Denotes material that has been
omitted and filed separately with the Commission.

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