Document:

Exhibit 10.79 

Chemical Warehouse Lease Agreement

This Chemical Warehouse Lease Agreement (the “Lease Agreement") is entered into as of November 1, 2014 (“Effective Date”) in the city of Shanghai, by and between Shanghai Kaihong Electronic Co., Ltd.. (hereinafter referred to as "SKE") with its registered office at No. 999 Chen Chun Road, Xingqiao Town, Songjiang County, Shanghai, People’s Republic of China and Shanghai Ding Hong Electronic Co., Ltd. (hereinafter referred to as "Ding Hong") with its registered office at No. 999 Chen Chun Road, Xingqiao Town, Songjiang County, Shanghai, People’s Republic of China.

Both SKE and Ding Hong are collectively referred to as the “Parties” and individually as a “Party”.

WHEREAS, both Parties signed a Supplemental Agreement (补充协议(LE-0405))on September 10, 2004 for the lease of an ancillary warehouse of a building located at No. 375 Factory Building, Songjiang County, Shanghai, People’s Republic of China to store chemical goods (“Initial Chemical Warehouse Lease Agreement”);

WHEREAS, SKE decided to terminate the warehouse lease under the Initial Chemical Warehouse Lease Agreement and return such warehouse back to Ding Hong and lease a larger warehouse from Ding Hong to store chemical goods;

NOW, the Parties through friendly consultation decided to expand the lease of a larger warehouse to store chemical goods, and both Parties unanimously agreed, on a voluntary basis, of the following, and Ding Hong represented that it is the lawful owner of the larger warehouse: 

1. Definitions

Unless otherwise defined in this Lease Agreement, the terms used herein shall have the following meanings:

1.1 "Warehouse Building" shall mean the two-floor warehouse building located at No. 999 Chen Chun Road, Xingqiao Town, Songjiang County, Shanghai, People’s Republic of China.

1.2 "First Floor" shall mean the first floor of the Warehouse Building (Exhibit 1, first floor layout of the Factory Building).

1.3 "Second Floor" shall mean the second floor of the Warehouse Building. 

1.4 “Leased Area” shall mean the leased area in the Warehouse Building where SKE stores the chemical goods.

1.5 "Lease Term" shall mean the lease period of time that SKE is entitled to use the Leased Area and Ding Hong is entitled to receive rent from SKE for such Leased Area in accordance with the terms and conditions of the Lease Agreement.

2. The Standard of the Warehouse Building

2.1 Ding Hong shall provide minimum quality standards for the Warehouse Building and shall guarantee that ancillary facilities of the Warehouse Building and supports for the Leased Area are in compliance with all the relevant quality standards and meet SKE’s demands and requirements.    

3. Lease Term

3.1 Both Parties hereby acknowledge and agree to terminate the warehouse lease under the Initial Chemical Warehouse Lease Agreement without any limitation or reservation.

3.2 For the Leased Area, the Parties agree that the Lease Term shall begin on November 1, 2014 until the date that SKE decides to terminate the Warehouse Building lease.

3.3 After the Warehouse Building lease commences, SKE shall give notification in writing not less than thirty (30) days before the expiration of the Lease Term to terminate the Warehouse Building lease.

3.4 Ding Hong shall not terminate this Lease Agreement without SKE's written approval. During the Lease Term, the items relating to the Rental set forth in Article 5 of this Lease Agreement shall be adjusted biannually on the basis of the market prices after consultation and agreement between the Parties.

3.5 If during the Lease Term, Ding Hong receives from a third party a bona fide, legally binding offer to lease the portion of the Warehouse Building not already leased by SKE, Ding Hong shall notify SKE of this fact.  The notice shall specify all the terms of the bona fide third party offer.  SKE shall then have thirty (30) days to lease that portion of the Warehouse Building specified in the third party’s bona fide offer for the rent and related details set forth in Articles 4 and 5.  Ding Hong shall not lease any portion of the Leased Area to any third party until the thirty (30) days has expired without SKE exercising its right of first refusal.  Any other terms not specified in this Lease Agreement regarding the Leased Area, both Parties shall negotiate and sign a supplemental agreement for these unspecified terms.  Such signed supplemental agreement shall constitute a part of the entire Lease Agreement and shall have the same effectiveness as the entire Lease Agreement.

4. Total Lease Area of the Lease Floors

4.1 The Leased Area has a total lease area of 319 square meters. 

5. Rental

5.1 Both Parties agree that the per square meter lease cost shall be RMB 116.00 for a total monthly lease cost of RMB 37,004.00 (the “Rental”).

6. Method of Payment

6.1 For the Leased Area, SKE shall pay the Rental monthly in RMB to the RMB bank account as designated by Ding Hong before the first day of every month, except the very first month of the Lease Term.

7. Insurance and Repair Costs

7.1 During the term of the Lease Agreement, Ding Hong shall purchase and maintain insurance coverage to cover any and all casualty damage to the Warehouse Building, and shall be responsible for repairing all structural damages to the Warehouse Building that are not the result of improper use by SKE.  SKE shall be responsible for all repair costs arising from improper building usage by SKE.  If Ding Hong cannot obtain building insurance, SKE will need to obtain insurance for the Warehouse Building, and Ding Hong will reimburse SKE for all costs of such insurance coverage.

7.2 Ding Hong shall be entitled to inspect the Leased Area of the Warehouse Building at reasonable intervals and upon reasonable notice to SKE.  SKE shall provide assistance to allow such inspections.

8. Liability for Breach of the Lease Agreement

8.1 If SKE violates Article 5 of the Lease Agreement for failing to pay the Rental, then SKE shall pay a penalty at the rate of 0.011% of the Rental for each day of delay.

8.2 If Ding Hong breaches Articles 2, 3, 9 and any of its warranties set forth in this Lease Agreement, Ding Hong shall compensate SKE for all of SKE’s losses and damages including consequential, special, punitive and incidental damages.

8.3 SKE shall not:

	
(1)
	
sub-lease the Leased Area or exchange the use of the Leased Area with any third party without Ding Hong’s prior written consent.

	
(2)
	
alter the structure of the Leased Area or damage the Warehouse Building without Ding Hong’s prior written consent.

	
(3)
	
change the lease purpose stipulated by the competent authorities without Ding Hong’s prior written consent.

9. Warranties

9.1 Ding Hong hereby warrants that if the Warehouse Building is sold to any third party during the Lease Term or the period of renewal, such third party shall be required to fulfill all obligations of Ding Hong under the Lease Agreement.  If said third party fails to carry out the Lease Agreement, Ding Hong shall compensate SKE for all of SKE’s losses and damages including consequential, special, punitive and incidental damages.

9.2 In case Ding Hong mortgages the Warehouse Building to the third party, any loss suffered by SKE shall be paid by Ding Hong.

10. Force Majeure

10.1. The definition of Force Majeure

Force Majeure shall mean any event which arises after the Effective Date that is beyond the control of the Parties, and is unforeseen, unavoidable and insurmountable, and which prevents total or partial performance by either Party.  Such events shall include earthquakes, typhoons, flood, fire, war, acts of government or public agencies, strikes and ay other event which cannot be foreseen, prevented and controlled, including events which are recognized as Force Majeure in general international commercial practice.

10.2 Consequences of Force Majeure

a. If an event of Force Majeure occurs, the contractual obligation of a Party affected by such an event shall be suspended during the period of delay and the time for performing such obligation shall be extended, without penalty, for a period equal to such suspension.

b. The Party claiming Force Majeure shall give prompt notice to the other Party in writing and shall furnish, within fifteen (15) days thereafter, sufficient proof of the occurrence and expected duration of such Force Majeure.  The Party claiming Force Majeure shall also use all reasonable efforts to mitigate or eliminate the effects of the Force Majeure.

c. If an event of Force Majeure occurs, the Parties shall immediately consult with each other in order to find an equitable solution and shall use all reasonable efforts to minimize the consequences of such Force Majeure.

11. Effective Date of the Lease Agreement

11.1 The Lease Agreement shall become effective after the legal representatives or authorized representatives of both Parties affix their signatures and company seals on the Lease Agreement.

12. Language of the Lease Agreement

12.1 The Lease Agreement is made and executed in Chinese and English, both versions having equal validity except as prohibited by law.

13. Settlement of Dispute

13.1 Friendly consultations

a. In the event of any dispute, difference, controversy or claim arising out of or related to the Lease Agreement, including, but not limited to, any breach, termination or validity of the Lease Agreement, (the "Dispute") then upon one Party giving the other Party notice in writing of the Dispute (the "Notice of Dispute"), the Parties shall attempt to resolve such Dispute through friendly consultation.

b. If the Dispute has not been resolved through friendly consultations with thirty (30) days from the Notice of Dispute, the Dispute shall be resolved by arbitration in accordance with Article 13.2 of this Lease Agreement.  Such arbitration may be initiated by either Party.

13.2 Arbitration

The arbitration shall be conducted by Shanghai Arbitration Commission in Shanghai, China in accordance with its procedure and rules.  The arbitration award shall be final and binding on the Parties.  The costs of arbitration shall be borne by the losing Party except as may be otherwise determined by the arbitration tribunal.

13.3 Continuance of performance

Except for the matter in Dispute, the Parties shall continue to perform their respective obligations under the Lease Agreement during any friendly consultations or any arbitration pursuant to this Article 13.

13.4 Separability

The provisions of this Article 13 shall be separable from the other terms of the Lease Agreement.  Neither the terminated nor the invalidity of the Lease Agreement shall affect the validity of the provisions of this Article 13.

14. Applicable Law

14.1 The validity, interpretation and implementation of the Lease Agreement and the settlement of Disputes shall be governed by relevant laws of the People’s Republic of China and regulations that are officially promulgated and publicly available.

15. Compliance with the Foreign Corrupt Practices Act

15.1 Ding Hong acknowledges that SKE is a corporation with substantial presence and affiliation in the United States and, as such, is subject to the provisions of the Foreign Corrupt Practices Act of 1977 of the United States of America, 15 U.S.C. §§ 78dd-1, et seq., which prohibits the making of corrupt payments (the “FCPA”). Under the FCPA, it is unlawful to pay or to offer to pay anything of value to foreign government officials, or employees, or political parties or candidates, or to persons or entities who will offer or give such payments to any of the foregoing in order to obtain or retain business or to secure an improper commercial advantage.

15.2 Ding Hong further acknowledges that it is familiar with the provisions of the FCPA and hereby agrees that Ding Hong shall take or permit no action which will either constitute a violation under, or cause SKE to be in violation of, the provisions of the FCPA.

16. Miscellaneous

16.1 Any amendment to this Lease Agreement shall be in writing and duly signed by both Parties. Such amendment shall constitute a part of the entire Lease Agreement.

16.2 Both Parties acknowledge that they are aware of their respective rights, obligations and liabilities and will perform their obligations under the Lease Agreement in accordance with the provisions of the Lease Agreement.  If one Party violates the Lease Agreement, the other Party shall be entitled to claim damages in accordance with the Lease Agreement.

16.3 Any notice or written communication requited or permitted by this Lease Agreement shall be made in writing in Chinese and English and sent by courier service.  The date of receipt of a notice or communication shall be deemed to be seven (7) days after the letter is deposited with the courier service provided the deposit is evidenced by a confirmation receipt.  All notice and communications shall be sent to the appropriate address set forth below, until the same is changed by notice given in writing to the other Party.

 

	
	
To: SKE

	
Address:No. 999 Chen Chun Road, Xingqiao Town, Songjiang County, Shanghai, People’s Republic of China

	
Attn.: Legal Department, Shanghai Kaihong Electronic Co, Ltd..

 

	
	
To: Ding Hong

	
Address:  No. 999 Chen Chun Road, Xingqiao Town, Songjiang County, Shanghai, People’s Republic of China

	
Attn.: Shanghai Ding Hong Electronic Co., Ltd.

16.4 This Lease Agreement comprises the entire understanding between the Parties with respect to its subject matters and supersedes any previous or contemporaneous communications, representations, or agreements, whether oral or written. For purposes of construction, this Lease Agreement will be deemed to have been drafted by both Parties. No modification of this Lease Agreement will be binding on either Party unless in writing and signed by an authorized representative of each Party.

 

	
Shanghai Kaihong Electronic Co., Ltd.

	
 

	
By:  /s/ Justin Kong

	
Justin Kong

	
Authorized Representative

	
 

 

	
Shanghai Ding Hong Electronic Co., Ltd.

	
 

	
By:  /s/ Jian Ya Xing

	
Jian Ya Xing

	
Authorized RepresentativeEX-10.36

 EXHIBIT 10.36 

EXECUTION COPY 
 SEPARATION
AGREEMENT AND GENERAL RELEASE 
 THIS SEPARATION AGREEMENT AND GENERAL RELEASE (the “Release”) is made and entered
into as of this 20th day of November, 2014 (the “Effective Date”) by and between EVERTEC GROUP, LLC, a Puerto Rico limited liability company (the “Company”), and
Peter Harrington (the “Executive”). 
 FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which is hereby
acknowledged, the parties agree as follows: 
 1. Termination of Employment. Effective the close of business on December 31,
2014 (the “Separation Date”), the Executive and the Company agree that the Executive’s employment with the Company will terminate. Effective on the Separation Date, the Executive shall resign from all positions he holds as an
officer and/or member of the board of directors or board of managers of EVERTEC, Inc. (“Parent”) and any of its subsidiaries, including the Company (Parent and its direct and indirect subsidiaries, including the Company, are
hereinafter referred to as the “Company Group”) and from all committees of any such board of directors or board of managers. Executive’s salary and benefits will continue from the Effective Date through the Separation Date in
accordance with the terms and conditions of the Employment Agreement. From the Effective Date through the Separation Date, the Executive shall, to the extent requested by the board of directors of Parent (the “Board”), assist in
transition services and perform only such tasks as may be assigned to him from time to time by the Chairman of the Board. Absent such assistance or assignment, the Executive shall have no right, individually, to bind, or act on behalf of, the
Company Group. The Executive agrees that he will not hereafter seek reinstatement, recall or re-employment with the Company Group. The Executive further agrees that, in the event he is employed by any company or other entity that is acquired by or
merged with any member of the Company Group, he shall resign from said employment immediately upon the acquisition, and that should the Executive fail or refuse to do so, the Company Group may terminate his employment and the Executive shall have no
recourse against the Company Group. The Executive acknowledges that this Release constitutes the required notice of termination of the Executive’s employment pursuant to Section 3.c of the Amended and Restated Employment Agreement, by and
between the Company and the Executive, dated July 1, 2014 (the “Employment Agreement”). 
 2. Settlement
Payment As a settlement payment, and contingent upon the Executive’s reaffirmation of this Release on the Separation Date, the Company shall provide the Executive with the following payments and benefits: 

(i) A Christmas bonus in the amount of $26,650, to be paid in a lump sum when Christmas bonuses are paid to other employees in Puerto Rico.

 (ii) Accrued but unused vacation, if any, as of December 31, 2014, to be paid in a lump sum on or before December 29, 2014.

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 (iii) Accelerated vesting, to the earlier of the Effective Date or December 2, 2014, of
the Executive’s option to purchase 93,334 shares of the Company’s common stock. 
 (iv) A dividend adjustment payment in respect
of the Executive’s stock option in an amount equal to $63,933.79, to be paid in a lump sum on or before December 29, 2014 or 7 days after this Release is ratified by Executive, whichever is later. 

(v) An annual bonus for the fiscal year ending December 31, 2014 calculated in accordance with the EVERTEC Annual Performance Incentive
Guidelines and in accordance with the Employment Agreement, with the amount earned, if any, in accordance with such Guidelines to be paid on or before December 29, 2014. 

(vi) A lump sum payment of $1,300,000 on or before December 29, 2014 or 7 days after this Release is ratified by Executive, whichever is
later, in accordance with Section 4(a)(ii) of the Employment Agreement. 
 (vii) The Executive may require, by written notice to the
Company no later than December 20, 2014, the Company to repurchase any of the Executive’s 324,322 shares of the Company’s common stock at a per share price equal to the average closing price of the Company’s common stock during
the 30-day period commencing on October 21, 2014 and ending on November 19, 2014 (the “Market Price”). If the Market Price is less than $21.00 per share, the payment under clause (vi) above will be increased by an
amount equal to the product of (A) the excess of $21.00 over the Market Price and (B) the number of shares repurchased and such amount will be paid in a lump sum on or before January 2, 2015 or 7 days after this Release is ratified by
Executive, whichever is later. 
 (viii) The Executive may require, by written notice to the Company no later than December 20, 2014,
the Company to acquire his option to purchase 93,334 shares, or any portion thereof, for an amount equal to the product of (A) the number of shares acquired and (B) the excess, if any, of the Market Price over $4.83 per share. If the
Market Price is less than $21.00 per share, the payment under clause (vi) above will be increased by an amount equal to the product of (A) the excess of $21.00 over the Market Price and (B) the number of shares acquired and such
amount will be paid in a lump sum on or before January 2, 2015 or 7 days after this Release is ratified by Executive, whichever is later. 

(ix) Payment of COBRA premiums from January 1, 2015 through December 31, 2015, should the Executive so elect COBRA continuation
coverage; provided that the payments will cease if the Executive obtains new employment. 
 (x) Reimbursement of up to $6,000 of
attorneys’ fees that Executive incurs relative to the negotiation and execution of this Release, subject to the receipt by the Company of a detailed invoice outlining the fees incurred. 

(xi) The Company shall assume the Executive’s apartment lease agreement and all terms and conditions associated with the lease agreement
effective January 1, 2015. 

  
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 The Company may withhold from all amounts payable under this Release such federal, state, local and payroll
taxes as may be required to be withheld pursuant to any applicable law or regulation. 
 (b) Continuing Rights. The Executive agrees
that, except for the payments and benefits set forth above, he (i) is not owed any amounts as reimbursement for expenses incurred during the course of his employment, (ii) has been paid all other compensation due to him, including but not
limited to all salary, hourly pay, overtime pay, bonuses, deferred compensation, incentives and all other compensation of any nature whatsoever, and (iii) does not have any equity or equity-based ownership interest in Parent or any other member
of the Company Group other than 324,322 shares of the Company’s common stock and an option to purchase 93,332 shares of the Company’s common stock at an exercise price of $4.83 per share. No other sums (contingent or otherwise) shall be
paid to the Executive in respect of his employment by the Company, and any such sums (whether or not owed) are hereby expressly waived by the Executive. 

(c) Continuing Entitlement. The Executive acknowledges that his continuing entitlement to payments and benefits under this
Paragraph 2 shall be conditioned upon his continuing compliance with Paragraphs 1, 4, 6 and 9(a) of the Release and any violation of Paragraphs 1, 4, 6 or 9(a) by the Executive shall terminate the Company’s obligation to continue
to make payments or provide benefits in accordance with this Paragraph 2. 
 3. General Release. As a material inducement to the
Company to enter into this Release and in consideration of the payments to be made by the Company to the Executive in accordance with Paragraph 2 above, the Executive, on behalf of himself, his representatives, agents, estate, heirs, successors
and assigns, and with full understanding of the contents and legal effect of this Release and having the right and opportunity to consult with his counsel, releases and discharges each member of the Company Group, each of their respective
shareholders, officers, directors, supervisors, members, managers, employees, agents, representatives, attorneys, insurers, divisions, affiliates, and all employee benefit plans sponsored by or contributed to by any member of the Company Group
(including any fiduciaries thereof), and all related entities of any kind or nature, and its and their predecessors, successors, heirs, executors, administrators, and assigns (collectively, the “Released Parties”) from any and all
claims, actions, causes of action, grievances, suits, charges, or complaints of any kind or nature whatsoever, that he ever had or now has (through the Effective Date and, upon reaffirmation of this Release, through the Separation Date), whether
fixed or contingent, liquidated or unliquidated, known or unknown, suspected or unsuspected, and whether arising in tort, contract, statute, or equity, before any federal, state, local, or private court, agency, arbitrator, mediator, or other
entity, regardless of the relief or remedy; provided, however, and subject to Paragraph 4below, the Release is not intended to and does not limit the Executive’s right to file a charge or participate in an investigative proceeding of a
governmental agency. Without limiting the generality of the foregoing, it being the intention of the parties to make this Release as broad and as general as the law permits, this Release specifically includes, but is not limited to, and is intended
to explicitly release, any and all subject matter and claims arising from or in connection with any alleged violation by any of the Released Parties under the Employment Agreement or Title VII of the Civil Rights Act of 1964, the Civil Rights Acts
of 1866 and 1991 and Executive 

  
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Order 11246, which prohibit employment discrimination based on race, color, religion, sex, or national origin; the Age Discrimination in Employment Act of 1967 and the Older Workers Benefit
Protection Act of 1990, which prohibit employment discrimination because of age against individuals who are 40 years of age or older; the Equal Pay Act, which prohibits sex-based wage discrimination against men and women who perform substantially
equal work in the same establishment; the Americans with Disabilities Act of 1990 (ADA), which prohibits employment discrimination against qualified individuals with disabilities in the private sector, and in state and local governments; and
Sections 501 and 505 of the Rehabilitation Act of 1973, which prohibit federal contractors to discriminate in employment against qualified individuals with disabilities; the Genetic Information Nondiscrimination Act (GINA) of May 21, 2008,
which prohibits discrimination against employees based on genetic information; the Family and Medical Leave Act, which protects employees’ rights to medical and family leave; the Uniformed Services Employment and Reemployment Rights Act
(USERRA); the Vietnam Era Veterans’ Readjustment Assistance Act of 1974 (VEVRAA); the Constitution of Puerto Rico, which prohibits discriminatory treatment; Law 69 of July 6, 1985, which prohibits employment discrimination on the basis of
sex; Law 17 of April 22, 1988, which prohibits sexual harassment in employment; Law 100 of June 30, 1959, as amended, which prohibits employment discrimination based on age, race, color, sex, marital status, social or national origin,
social condition, political affiliation, political or religious beliefs, or against an employee for being a victim or being perceived as a victim of domestic violence, sexual aggression or stalking, or based on sexual orientation or gender identity;
Law 116 of December 20, 1991; Law 44 of July 2, 1985, which prohibits employment discrimination against qualified individuals with disabilities or under any other local, state or federal law which prohibits discrimination, harassment or
retaliation; Act 139 of June 26, 1968 (SINOT); Act 45 of April 18, 1935 (State Insurance Fund); the Employee Retirement Income Security Act of 1974 (ERISA); the Workers Adjustment Retraining and Notification Act (WARN); the Consolidated
Omnibus Budget Reconciliation Act of 1985 (COBRA); the Federal Bankruptcy Act; the Insurance and the Civil Codes of Puerto Rico; Law 80 of May 30, 1976; Law 379 (Days and Hours of Work); Law 96 of June 26, 1956 (Minimum Wage); Law 180 of
July 27, 1998 (vacation and sick leave) and any other federal, state or local (including Puerto Rico) laws, whether based on statute, regulation or common law, providing workers’ compensation benefits; restricting an employer’s right
to terminate employees or otherwise regulating employment; or enforcing express or implied employment contracts or requiring an employer to deal with employees fairly or in good faith; providing recourse for alleged wrongful discharge, harassment or
discrimination, physical or personal injury, emotional distress, fraud, negligent misrepresentation, libel, slander, defamation and similar or related claims and any other statutory claim, tort claim, employment or other contract or implied contract
claim, or common law claim for wrongful discharge, breach of an implied covenant of good faith and fair dealing, defamation, invasion of privacy, or any other claim, arising out of or in connection with or involving his employment with the Company,
the termination of his employment with the Company, or involving any other matter, including but not limited to the continuing effects of his employment with the Company or termination of employment with the Company. The Executive further
acknowledges that he is aware that statutes exist that render null and void releases and discharges of any claims, rights, demands, liabilities, action and causes of action that are unknown to the releasing or discharging party at the time of
execution of the release and discharge. The Executive hereby expressly waives, 

  
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surrenders and agrees to forego any protection to which he would otherwise be entitled by virtue of the existence of any such statute in any jurisdiction including, but not limited to, the
Commonwealth of Puerto Rico. The waivers and releases previously mentioned include any damages arising after the signature of this document as a result of the continuous effect of any act or omission that occurred before the signature of this
document. Notwithstanding the foregoing, this Release will not waive rights or claims that may arise after the Effective Date, or the Ratification Date, if the Release is ratified by Executive, nor will it apply to any rights of indemnification,
contribution, or to be held harmless, or to the coverage afforded by the Directors and Officers Policy, which rights exist as of the Effective Date or the Ratification Date if the Release is ratified by Executive. This Release will not waive any
rights to which the Executive is otherwise entitled with respect to his vested retirement benefits. This release will not waive any right to enforce the terms of this Release. 

4. Covenant Not to Sue. The Executive, for himself, his heirs, executors, administrators, successors and assigns agrees not to bring,
file, claim, sue or cause, assist, or permit to be brought, filed, or claimed any action, cause of action or proceeding regarding or in any way related to any of the claims described in Paragraph 3 hereof, and further agrees that this Release
is, will constitute and may be pleaded as, a bar to any such claim, action, cause of action or proceeding. If the Executive files a charge or participates in an investigative proceeding of a governmental agency, or is otherwise made a party to any
proceedings described in Paragraph 3 hereof, the Executive will not seek and will not accept any personal equitable or monetary relief in connection with such charge or investigative or other proceeding. 

5. Indemnification. The Executive will fully indemnify the Released Parties against and will hold the Released Parties harmless
from any and all claims, costs, damages, demands, expenses (including without limitation attorneys’ fees), judgments, losses or other liabilities of any kind or nature whatsoever arising from or directly or indirectly related to any or all of
this Release and the conduct of the Executive hereunder, including without limitation any material breach or failure to comply with any or all of the provisions of this Release. 

6. Restrictive Covenants. The Executive acknowledges and agrees that he shall continue to be bound by the covenants set forth in
Sections 5 and 6 of the Employment Agreement, which are hereby incorporated by reference. 
 7. Severability. If any provision of
this Release shall be found by a court of competent jurisdiction to be invalid or unenforceable, in whole or in part, then such provision shall be construed and/or modified or restricted to the extent and in the manner necessary to render the same
valid and enforceable, or shall be deemed excised from this Release, as the case may require, and this Release shall be construed and enforced to the maximum extent permitted by law, as if such provision had been originally incorporated herein as so
modified or restricted, or as if such provision had not been originally incorporated herein, as the case may be. The parties further agree to seek a lawful substitute for any provision found to be unlawful; provided, that, if the parties are unable
to agree upon a lawful substitute, the parties desire and request that a court or other authority called upon to decide the enforceability of this Release modify the Release so that, once modified, the Release will be enforceable to the maximum
extent permitted by the law in existence at the time of the requested enforcement. 

  
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 8. Waiver. A waiver by the Company of a breach of any provision of this Release by the
Executive shall not operate or be construed as a waiver or estoppel of any subsequent breach by the Executive. No waiver shall be valid unless in writing and signed by an authorized officer of the Company. 

9. Miscellaneous Provisions. 

a. Representation. The Executive represents and certifies that he has carefully read and fully understands all of the provisions and
effects of this Release, has knowingly and voluntarily entered into this Release freely and without coercion, and acknowledges that on November 6, 2014, the Company advised him to consult with an attorney prior to executing this Release and
further advised him that he had forty-five (45) days (until December 21, 2014) within which to review and consider this Release. Executive understands that he can waive the 45-day period to evaluate and consider this Agreement and that, if
he signs this Release in less time, he has done so voluntarily in order to obtain sooner the benefits under this Release. The Executive is voluntarily entering into this Release and no member of the Company Group nor any other Released Parties made
any representations concerning the terms or effects of this Release other than those contained in the Release itself and the Executive is not relying on any statement or representation by the Company or any other Released Parties in executing this
Release. The Executive is relying on his own judgment and that of his attorney to the extent so retained. The Executive also specifically affirms that this Release clearly expresses his intent to waive fraudulent inducement claims, and that he
disclaims any reliance on representations about any of the specific matters in dispute. 
 b. Revocation. The Executive acknowledges
that he has seven (7) days from the date this Release is executed, and seven (7) days following the reaffirmation, in which to revoke his acceptance of this Release, and this Release will not be effective or enforceable until such seven
(7)-day period has expired. To be effective, any such revocation must be in writing and delivered to the Company’s principal place of business, attn.: Arturo Díaz-Abramo, on or before the seventh day after signing and must expressly
state the Executive’s intention to revoke this Release. 
 c. Return of Property. By signing this Release, the Executive affirms
having returned to the Company all of the Company’s property that is in the Executive’s possession, custody or control, including, without limitation, (a) all keys, access cards, credit cards, computer hardware (including but not
limited to all hard drives, diskettes, compact disks, DVDs, electronic storage devices, and personal data assistants, and the contents of all such hardware, as well as any passwords or codes or instructions needed to operate any such hardware),
computer software and programs, data, materials, papers, books, files, documents, records, policies, client and customer information and lists, marketing information, design information, specifications and plans, data base information and lists,
mailing lists, notes, and any other property or information that the Executive has or had relating to the Company (whether those materials are in paper, electronic or computer-stored form or in any other form or medium), and (b) all documents
and other property containing, summarizing, or describing any Confidential Information, including all originals and copies. The Executive affirms that he has not retained 

  
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any such property or information in any form, and will not give copies of such property or information or disclose their contents to any other person. The Executive agrees that any materials (as
described in this Paragraph 9(c)) that the Company provides to him after the Effective Date will be (a) used solely by him to accomplish tasks assigned from time to time by the Chairman of the Board, and (b) returned by him at any time at
the request of the Company and, to the extent it remains in his possession, custody or control, returned by him in its entirety on the Separation Date. The Executive agrees to reaffirm on the Separation Date that he has not retained any such
property or information in any form, and will not give such property or information or disclose their contents to any other person. 
 10.
Complete Agreement. This Release sets forth the entire agreement between the parties, and fully supersedes any and all prior agreements or understandings, whether oral or written, between the parties pertaining to actual or potential claims
arising from the Executive’s employment with the Company or the termination of the Executive’s employment with the Company, including but not limited to, the letter dated October 29, 2014, from Alicia Figueroa Llinás, the
Company’s counsel, to Meghan Siket, the Executive’s counsel; provided, however, that all obligations and rights arising under Sections 5 through 9 of the Employment Agreement, which are incorporated by reference herein, shall not be
superseded, shall be unaffected hereby, and shall remain in full force and effect. The Executive expressly warrants and represents that no promise or agreement which is not herein expressed has been made to him in executing this Release. 

11. No Pending or Future Lawsuits. The Executive represents that he has no lawsuits, claims or actions pending in his name, or on
behalf of any other person or entity, against the Company or any of the Released Parties. The Executive also represents that he does not intend to bring any claims on his own behalf or on behalf of any other person or entity against the Company or
any of the Released Parties. 
 12. No Admission of Liability. The Executive understands and acknowledges that this Release
constitutes a compromise and settlement of any and all actual or potential disputed claims by the Executive. No action taken by the Company Group hereto, either previously or in connection with this Release, shall be deemed or construed to be
(a) an admission of the truth or falsity of any actual or potential claims or (b) an acknowledgment or admission by the Company Group of any fault or liability whatsoever to the Executive or any third party. 

13. Reimbursement. If the Executive or his heirs, executors, administrators, successors or assigns (a) is in breach of or breaches
Paragraphs 1, 6 or 9(a) of this Release, or (b) attempts to challenge the enforceability of this Release, or (c) files a charge of discrimination, a lawsuit of any kind or nature against one or more of the Released Parties, or a claim
of any kind or nature against one or more of the Released Parties, the Executive or his heirs, executors, administrators, successors or assigns shall be obligated to tender back to the Company, as a contractual remedy hereunder, all payments made to
him or them under this Release, or any amount of actual damages proven by the Company, if greater. Further, the Executive shall indemnify and hold harmless the Released Parties from and against all liability, costs and expenses, including
attorneys’ fees, arising out of said breach, challenge or action by the 

  
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Executive, his heirs, executors, administrators, successors or assigns. The Company and the Executive acknowledge that the remedy set forth hereunder is not to be considered a form of liquidated
damages and the tender back shall not be the exclusive remedy hereunder. 
 14. Future Cooperation. In connection with any and all
claims, disputes, negotiations, investigations, lawsuits or administrative proceedings involving the Company Group, the Executive agrees to make himself available, upon reasonable notice from the Company Group and without the necessity of subpoena,
to provide information or documents, provide declarations or statements to the Company Group, meet with attorneys or other representatives of the Company Group, prepare for and give depositions or testimony, and/or otherwise cooperate in the
investigation, defense or prosecution of any or all such matters. The Company agrees to reimburse the Executive for any travel related expenses incurred by the Executive in compliance with this Paragraph 12. 

15. Joint Participation. The parties hereto participated jointly in the negotiation and preparation of this Release, and each party has
had the opportunity to obtain the advice of legal counsel and to review and comment upon the Release. Accordingly, it is agreed that no rule of construction shall apply against any party or in favor of any party. This Release shall be construed as
if the parties jointly prepared this Release, and any uncertainty or ambiguity shall not be interpreted against one party and in favor of the other. 

16. Governing Law. THIS RELEASE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE COMMONWEALTH OF PUERTO RICO,
WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICTING PROVISION OR RULE (WHETHER OF THE COMMONWEALTH OF PUERTO RICO OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE LAWS OF ANY JURISDICTION OTHER THAN THE COMMONWEALTH OF PUERTO RICO TO BE
APPLIED. IN FURTHERANCE OF THE FOREGOING, THE INTERNAL LAW OF THE COMMONWEALTH OF PUERTO RICO WILL CONTROL THE INTERPRETATION AND CONSTRUCTION OF THIS RELEASE, EVEN IF UNDER SUCH JURISDICTION’S CHOICE OF LAW OR CONFLICT OF LAW ANALYSIS, THE
SUBSTANTIVE LAW OF SOME OTHER JURISDICTION WOULD ORDINARILY APPLY. 
 17. Enforcement  

a. Arbitration. Any controversy, dispute or claim arising out of or relating to this Release, or its interpretation, application,
implementation, breach or enforcement which the parties are unable to resolve by mutual agreement, shall be settled by submission by either party of the controversy, claim or dispute to binding arbitration in San Juan, Puerto Rico (unless the
parties agree in writing to a different location), before a single arbitrator in accordance with the Employment Dispute Resolution Rules of the American Arbitration Association then in effect. In any such arbitration proceeding the parties agree to
provide all discovery deemed necessary by the arbitrator. The decision and award made by the arbitrator shall be accompanied by a reasoned opinion, and shall be final, binding and conclusive on the parties for all purposes, and judgment may be
entered thereon in any court having jurisdiction thereof. The Company will bear the 

  
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totality of the arbitrator’s and administrative fees and costs. Each party shall bear its or his litigation costs and expenses. Upon the request of any of the parties, at any time prior to
the beginning of the arbitration hearing the parties may attempt in good faith to settle the dispute by mediation administered by the American Arbitration Association. The Company will bear the totality of the mediator’s and administrative fees
and costs. 
 b. Waiver of Jury Trial. THE COMPANY AND THE EXECUTIVE EACH HEREBY IRREVOCABLY WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY
ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS RELEASE. 
 18. Execution of Release. This Release may be
executed in counterparts, each of which shall be considered an original, but which when taken together, shall constitute one Release. The Release, to the extent signed and delivered by means of a facsimile machine or by PDF File (portable document
format file), shall be treated in all manner and respects as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the originally signed version delivered in person. At the request of either
party hereto, the other party shall re-execute original forms hereof and deliver them to all other parties. 
 PLEASE READ THIS RELEASE AND
CAREFULLY CONSIDER ALL OF ITS PROVISIONS BEFORE SIGNING IT. THIS RELEASE CONTAINS A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS. 
 [Signature
Page Follows] 

  
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 IN WITNESS WHEREOF, the Executive and the Company have voluntarily signed this Separation
Agreement and General Release consisting of ten (10) pages effective as of the date first written above. 
  

					
	EVERTEC GROUP, LLC
		
	By:		 /s/ Frank G. D’Angelo

			Name:		Frank G. D’Angelo
			Title:		Chairman of the Board
	
	PETER HARRINGTON

 
					
		
	Signature:		 /s/ Peter Harrington

 The Executive and the Company reaffirm the terms and conditions of this Separation Agreement and General Release
effective the 24th day of December, 2014. 
  

					
	EVERTEC GROUP, LLC
		
	By:		 /s/ Frank G. D’Angelo

			Name:		Frank G. D’Angelo
			Title:		Chairman of the Board
	
	PETER HARRINGTON

 
					
		
	Signature:		 /s/ Peter Harrington

  
 10

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