Document:

EX-10.2

 

Exhibit
10.2

AMENDMENT
TO EMPLOYMENT
AGREEMENT

THE PRINCETON REVIEW, INC.

       This Amendment to the Employment Agreement (the “Employment Agreement”),
dated April 24, 2004 is between Margot Lebenberg (“Exec”) and The Princeton
Review, Inc. (“TPR”) is entered into by Exec and TPR.

WHEREAS, TPR and Exec desire to amend the Employment Agreement as set forth
herein;

NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby agree as
follows:

		
	1. 	Paragraph 6 of the Employment Agreement is amended and restated as
follows:

		
	 	Severance and Benefits: If Exec’s employment is terminated or Reassigned
then in addition to the payments provided under Section 5.1 of the Policy
Statement, but in lieu of the payments provided under Section 5.3 of the
Policy Statement, TPR will pay Exec her then current base salary plus
benefits for two years, and all unvested equity grants that have not
fully vested shall immediately vest.

		
	2. 	Paragraph 5 in the Employment Agreement shall be amended as
follows:

		
	 	June 29, 2006 shall be changed to June 29, 2009.

		
	3.	All other provisions of the Employment Agreement shall remain in
full force and effect.

	 	 	 
	 	 	 
	Agreed to June 15, 2007	 	
Agreed to June 21, 2007
	     	 	
     
	     	 	
     
	     	 	
     
	/s/ John Katzman	 	
/s/ Margot Lebenberg
	
John Katzman

Chairman and CEO	 	

Margot Lebenbergexv10w1

 

Exhibit 10.1

 

 

 

ASSET PURCHASE AGREEMENT

BY AND AMONG

7-ELEVEN, INC.,

VCOM FINANCIAL SERVICES, INC.

AND

CARDTRONICS, LP

DATED AS OF JUNE 1, 2007

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 
	 	 	 	 	 	 
	ARTICLE I

	 	DEFINITIONS
	 	 	1	 
	 
	 	 	 	 	 	 
	      1.1

	 	Definitions
	 	 	1	 
	      1.2

	 	Other Definitional Provisions.
	 	 	6	 
	      1.3

	 	Cross Reference of Other Definitions
	 	 	6	 
	 
	 	 	 	 	 	 
	ARTICLE II

	 	PURCHASE AND SALE; ASSUMPTION OF CERTAIN LIABILITIES;
CLOSING
	 	 	8	 
	 
	 	 	 	 	 	 
	      2.1

	 	Purchase and Sale.
	 	 	8	 
	      2.2

	 	Net Working Capital
	 	 	10	 
	      2.3

	 	Closing.
	 	 	12	 
	      2.4

	 	Closing Transactions
	 	 	12	 
	      2.5

	 	Apportionment
	 	 	13	 
	 
	 	 	 	 	 	 
	ARTICLE III

	 	CONDITIONS TO CLOSING
	 	 	14	 
	 
	 	 	 	 	 	 
	      3.1

	 	Conditions to Each Party’s Obligation
	 	 	14	 
	      3.2

	 	Conditions to the Purchaser’s Obligation
	 	 	14	 
	      3.3

	 	Conditions to the Sellers’ Obligation
	 	 	16	 
	 
	 	 	 	 	 	 
	ARTICLE IV

	 	COVENANTS PRIOR TO CLOSING
	 	 	16	 
	 
	 	 	 	 	 	 
	      4.1

	 	Mutual Covenants of the Parties.
	 	 	16	 
	      4.2

	 	Covenants of the Sellers.
	 	 	19	 
	      4.3

	 	Covenants of the Purchaser.
	 	 	23	 
	 
	 	 	 	 	 	 
	ARTICLE V

	 	REPRESENTATIONS AND WARRANTIES OF THE SELLERS
	 	 	24	 
	 
	 	 	 	 	 	 
	      5.1

	 	Organization and Corporate Power
	 	 	24	 
	      5.2

	 	Authorization of Transactions
	 	 	24	 
	      5.3

	 	Absence of Conflicts
	 	 	25	 
	      5.4

	 	Financial Statements and Related Matters.
	 	 	25	 
	      5.5

	 	Absence of Undisclosed Liabilities
	 	 	26	 
	      5.6

	 	Absence of Certain Developments
	 	 	26	 
	      5.7

	 	Assets.
	 	 	26	 
	      5.8

	 	Taxes
	 	 	27	 
	      5.9

	 	Contracts and Commitments.
	 	 	28	 
	      5.10

	 	Proprietary Rights.
	 	 	28	 
	      5.11

	 	Litigation; Proceedings
	 	 	29	 
	      5.12

	 	Brokerage
	 	 	29	 
	      5.13

	 	Governmental Licenses and Permits
	 	 	29	 
	      5.14

	 	Employee Matters
	 	 	30	 

i

 

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 
	 	 	 	 	 	 
	      5.15

	 	Employee Benefit Matters.
	 	 	30	 
	      5.16

	 	Compliance with Laws
	 	 	30	 
	      5.17

	 	Convenience Store Business
	 	 	31	 
	      5.18

	 	Theft
	 	 	31	 
	 
	 	 	 	 	 	 
	ARTICLE VI

	 	REPRESENTATIONS AND WARRANTIES OF THE PURCHASER
	 	 	31	 
	 
	 	 	 	 	 	 
	      6.1

	 	Organization and Corporate Power
	 	 	31	 
	      6.2

	 	Authorization of Transaction
	 	 	31	 
	      6.3

	 	Absence of Conflicts
	 	 	32	 
	      6.4

	 	Litigation
	 	 	32	 
	      6.5

	 	Brokerage
	 	 	32	 
	      6.6

	 	Availability of Funds
	 	 	32	 
	      6.7

	 	HSR Act
	 	 	32	 
	 
	 	 	 	 	 	 
	ARTICLE VII

	 	TERMINATION
	 	 	33	 
	 
	 	 	 	 	 	 
	      7.1

	 	Termination
	 	 	33	 
	      7.2

	 	Effect of Termination; Specific Performance.
	 	 	33	 
	      7.3

	 	Return of Documentation
	 	 	34	 
	 
	 	 	 	 	 	 
	ARTICLE VIII

	 	INDEMNIFICATION AND RELATED MATTERS
	 	 	34	 
	 
	 	 	 	 	 	 
	      8.1

	 	Survival
	 	 	34	 
	      8.2

	 	Indemnification.
	 	 	34	 
	 
	 	 	 	 	 	 
	ARTICLE IX

	 	ADDITIONAL AGREEMENTS
	 	 	39	 
	 
	 	 	 	 	 	 
	      9.1

	 	Continuing Assistance
	 	 	39	 
	      9.2

	 	Tax Matters.
	 	 	39	 
	      9.3

	 	Public Announcements
	 	 	40	 
	      9.4

	 	Further Transfers
	 	 	40	 
	      9.5

	 	Expenses
	 	 	40	 
	      9.6

	 	Restrictive Covenants.
	 	 	40	 
	      9.7

	 	Vault Cash and Replacement Vault Cash Facility
	 	 	41	 
	      9.8

	 	Employee Matters
	 	 	42	 
	      9.9

	 	Allocation of Purchase Price
	 	 	42	 
	      9.10

	 	Third Party Consents
	 	 	42	 
	      9.11

	 	Bulk Sales Law
	 	 	43	 
	 
	 	 	 	 	 	 
	ARTICLE X

	 	MISCELLANEOUS
	 	 	43	 
	 
	 	 	 	 	 	 
	      10.1

	 	Amendment and Waiver
	 	 	43	 
	      10.2

	 	Notices
	 	 	43	 
	      10.3

	 	Binding Agreement; Assignment
	 	 	44	 
	      10.4

	 	Severability
	 	 	44	 
	      10.5

	 	No Strict Construction
	 	 	44	 
	      10.6

	 	Captions
	 	 	44	 

ii

 

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 
	 	 	 	 	 	 
	      10.7

	 	Entire Agreement
	 	 	44	 
	      10.8

	 	Counterparts
	 	 	45	 
	      10.9

	 	Governing Law
	 	 	45	 
	      10.10

	 	Parties in Interest
	 	 	45	 
	      10.11

	 	Director and Officer Liability
	 	 	45	 
	      10.12

	 	Disclosure Generally
	 	 	45	 

iii

 

INDEX OF SCHEDULES AND EXHIBITS

Schedules to Asset Purchase Agreement

Permitted Encumbrance Schedule

Acquired Assets Schedule

Acquired Contracts Schedule

Assumed Liabilities Schedule

Required Consent Schedule

Necessary Employees Schedule

Sellers Disclosure Schedules

Sellers Conflicts Schedule

Financial Statements Schedule

Excluded Contracts Schedule

Liabilities Schedule

Proprietary Rights Schedule

Developments Schedule

Assets Schedule

Leases Schedule

Taxes Schedule

Litigation Schedule

Brokerage Schedule

Permits Schedule

Business Employees Schedule

Employee Benefits Schedule

Loss Schedule

Purchaser Disclosure Schedules

Purchaser Conflicts Schedule

Purchaser Financing Schedule

Exhibits

	 	 	 	 	 
	 

	 	Exhibit A
	 	Bill of Sale and Assignment and Assumption
	 

	 	Exhibit B
	 	Network Services Agreement
	 

	 	Exhibit C
	 	Placement Agreement
	 

	 	Exhibit D
	 	Indemnity Letter Assignment

iv

 

ASSET PURCHASE AGREEMENT

     THIS ASSET PURCHASE AGREEMENT is made as of June 1, 2007, by and among 7-Eleven, Inc., a Texas
corporation (“7-Eleven”), Vcom Financial Services, Inc., a Texas corporation (“VFS”
and collectively with 7-Eleven, the “Sellers”) and Cardtronics, LP, a Delaware limited
partnership (the “Purchaser”). The Sellers and the Purchaser are referred to herein
collectively as the “Parties” and individually as a “Party.”

     WHEREAS, the Purchaser and the Sellers have determined that it is advisable to consummate the
sale and transfer of certain assets and liabilities of the Sellers constituting the Business (as
defined herein) to the Purchaser, all on the terms and subject to the conditions set forth in this
Agreement;

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Parties, intending to be legally bound, agree as follows:

ARTICLE I

DEFINITIONS

     1.1 Definitions. For purposes hereof, the following terms, when used herein with
initial capital letters, shall have the respective meanings set forth herein:

     “Acquired Parts and Equipment” means the spare parts and other personal property,
including signage and promotional materials, relating to the ATM Kiosks and the Vcom Kiosks that
are described on the Acquired Assets Schedule.

     “Affiliate” shall mean, with respect to any Person, any other Person controlling,
controlled by or under common control with such first Person. The term “Affiliate” shall not
include franchisees or area licensees of the Sellers.

     “Agreement” means this Asset Purchase Agreement, including all Exhibits and Schedules
hereto, as it may be amended from time to time in accordance with its terms.

     “Antitrust Laws” means the HSR Act, the Sherman Act, as amended, the Clayton Act, as
amended, the Federal Trade Commission Act, as amended, or any other federal, state or foreign law
or regulation or decree designed to prohibit, restrict or regulate actions for the purpose or
effect of monopolization or restraint of trade.

     “ATM Kiosks” means automated devices that provide traditional automated teller machine
functions including cash withdrawals, balance inquiries and account transfers or that additionally
provide certain advanced automated teller machine functions and, in either case, that are set forth
under the heading “ATM Kiosks” on the Acquired Assets Schedule; provided,
however, that ATM Kiosks shall not include any Vcom Kiosks.

     “Business” means the business, as conducted by the Sellers through the Closing Date,
of owning, leasing and operating Vcom Kiosks and ATM Kiosks, contracting with third parties to
offer their products or services on Vcom Kiosks and ATM Kiosks, and developing, installing,
testing, operating and maintaining Vcom Kiosks and ATM Kiosks.

1

 

     “Business Data” means data in the possession of 7-Eleven related to and necessary for
the ongoing operation or the Business. In no event will Business Data be deemed to include (i) any
information protected by a legal privilege, (ii) any Customer Data, (iii) any information owned or
provided by a third party and subject to confidentiality restrictions, (iv) any e-mail sent or
received more than thirty (30) days prior to Closing, or (v) any data, documents or information
created prior to August 2004.

     “Business Day” means a day other than (a) a Saturday, Sunday or federal holiday or (b)
a day on which commercial banks in New York, New York are authorized or required to be closed.

     “Cash Purchase Agreement” means that certain Contract Cash Solutions Agreement, dated
as of March 8, 2004, by and between 7-Eleven and Wells Fargo Bank.

     “Claims” means any and all demands, claims, suits, causes of action, liabilities,
costs and expenses (including reasonable attorneys’ fees and expenses), settlements and judgments
(including, without limitation, all claim losses), whether arising in equity, at common law or by
statute, or under the law of contracts, torts (including, without limitation, negligence and strict
liability without regard to fault) or property, of every kind or character, subject in all respects
to Section 8.2(f), Section 8.2(h) and Section 8.2(l).

     “Closing Indebtedness Amount” means the Indebtedness of the Business as of the
Calculation Time.

     “Code” means the United States Internal Revenue Code of 1986, as amended, and all
rules and regulations promulgated thereunder.

     “Contact Executive” means that certain individual employed by either the Sellers or
the Purchaser, as applicable, who is designated as the contact person responsible for the
performance by the Sellers or the Purchaser, as applicable, of this Agreement. The initial Contact
Executive for the Sellers is Rick Updyke. The initial Contact Executive for the Purchaser is
Thomas E. Upton.

     “Current Assets” means the sum of all aggregate outstanding accounts receivable of the
Business as conducted by the Sellers (excluding any accounts receivable related to Vault Cash and
net of any reserve for bad debts, which bad debts shall be reflected on the Working Capital
Statement (as defined below)), cash (including (a) cash that has been deposited into a Vcom Kiosk
via the bunch note acceptor, and (b) cash in transit with a courier that has been removed from an
ATM Kiosk or Vcom Kiosk, but excluding (y) cash in any bank account set forth on the Excluded Bank
Account Schedule and (z) checks in transit for deposit) and any prepaid items or deposits.

     “Current Liabilities” means the sum of all aggregate outstanding accounts payable and
accrued liabilities of the Business as conducted by the Sellers (excluding Vault Cash and any
deferred federal income tax liabilities).

     “Customer Data” shall mean data in the possession of 7-Eleven, which is related to an
individual, and which was collected, created, or received by 7-Eleven or others as a result of or
relating to the individual’s use of an ATM Kiosk or a VCOM Kiosk.

2

 

     “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

     “GAAP” means, at a given time, generally accepted accounting principles in the United
States, consistently applied.

     “Governmental Entity” means any governmental department, commission, board, bureau,
agency, court or other instrumentality of the United States or any state, county, parish,
municipality, jurisdiction, or other political subdivision thereof.

     “HSR Act” means the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended.

     “Indebtedness” of any Person means, without duplication: (a) indebtedness for borrowed
money or for the deferred or installment purchase price of property or services in respect of which
such Person is liable (other than trade payables and other current liabilities incurred in the
ordinary course of business); (b) any indebtedness evidenced by any note, bond, debenture or other
debt security; (c) indebtedness guaranteed in any manner by such Person, including a guarantee in
the form of an agreement to repurchase or reimburse; (d) obligations under capital leases in
respect of which such Person is liable, contingently or otherwise, as obligor, guarantor or
otherwise, or in respect of which obligations such Person assures a creditor against loss; and (e)
any accrued interest, prepayment premiums or penalties related to any of the foregoing.

     “Knowledge” means, (a) with respect to the Purchaser, the actual knowledge of Thomas
E. Upton, Michael E. Keller, John McHenry, Michael Clinard and Jerry Garcia and (b) with respect to
the Sellers, the actual knowledge of Rick Updyke, David Clark, David Seltzer, Bill Sass, John Dyer,
Mike Pearson and Bennett Robinson, each in their capacities as employees of the Sellers, after due
inquiry, which inquiry includes consultation with the officers, employees, consultants and agents
who have primary responsibility over the matter with respect to which the term “Knowledge” is used
in this Agreement.

     “Licenses” means all permits, licenses, franchises, certificates, approvals, consents,
filings and other authorizations of Governmental Entities or other similar rights.

     “Liens” means any liens, pledges, claims, security interests, restrictions, mortgages,
tenancies, and other possessory interests, conditional sale or other title retention agreements,
assessments, easements, rights of way, covenants, restrictions on transfer, rights of first
refusal, defects in title, encroachments, and other burdens, options or encumbrances of any kind.

     “Permitted Encumbrances” means (a) statutory liens for current Taxes not yet due and
payable, or being contested in good faith by appropriate proceedings, (b) mechanics’, carriers’,
workers’, repairers’, and other similar statutory liens arising or incurred in the ordinary course
of business for obligations which are not overdue for a period of more than 90 days or which are
being contested in good faith by appropriate proceedings, (c) pledges or deposits made in the
ordinary course of business in connection with workers’ compensation, unemployment insurance and
other social security legislation, (d) deposits to secure the performance of bids, contracts (other
than for borrowed money), leases, statutory obligations, surety and appeal bonds, performance bonds
and other obligations of a like nature incurred in the ordinary course of

3

 

business, and (e) Liens outstanding on the date hereof which secure Indebtedness and which are
described in the Permitted Encumbrance Schedule.

     “Person” means an individual, a partnership, a corporation, an association, a limited
liability company, a joint stock company, a trust, a joint venture, an unincorporated organization,
a governmental entity or any department, agency or political subdivision thereof and any other
entity.

     “Proprietary Rights” means intellectual property rights in all of the following in any
jurisdiction in the world: (a) patents, patent applications, patent disclosures and inventions,
all improvements thereto (whether patentable or unpatentable and whether or not reduced to
practice), together with all reissuances, continuations, continuations-in-part, revisions,
extensions and reexaminations thereof; (b) trademarks, service marks, trade dress, trade names,
slogans, logos, internet domain names and corporate names and registrations and applications for
registration thereof, together with all of the translations, adaptations, derivations and
combinations thereof including goodwill associated therewith; (c) copyrights (registered or
unregistered) and copyrightable works and registrations and applications for registration thereof;
(d) mask works and registrations and applications for registration thereof; (e) trade secrets and
other confidential information; and (f) computer software (which may include source code,
executable code and data).

     “Purchaser Disclosure Schedule” means, together, the Purchaser Conflicts Schedule and
the Purchaser Financing Schedule.

     “Purchaser Material Adverse Effect” means any result, occurrence, condition, fact,
violation, event or effect of any of the foregoing that prevents or materially impairs the ability
of the Purchaser to consummate the purchase and sale of the Acquired Assets, the assumption of the
Assumed Liabilities and each of the other transactions contemplated by this Agreement or any other
Transaction Document.

     “Seller Material Adverse Effect” means any result, occurrence, condition, fact,
violation, event or effect of any of the foregoing that results in a material adverse effect on the
business, financial condition, operations, results of operations or assets of the Business, taken
as a whole; provided, however, that no result, occurrence, condition, fact,
violation, event or effect shall be deemed to constitute, nor shall any of the foregoing be taken
into account in determining whether there has been or may be, a Seller Material Adverse Effect to
the extent that such result, occurrence, condition, fact, violation, event or effect results from,
arises out of, or relates to (a) a general deterioration in the economy; (b) the outbreak or
escalation of hostilities involving the United States, the declaration by the United States of a
national emergency or war or the occurrence of any other calamity or crisis, including acts of
terrorism; (c) the disclosure of the fact that the Purchaser is the prospective acquirer of the
Acquired Assets, the Assumed Liabilities or the Business; (d) the announcement or pendency of the
transactions contemplated by this Agreement or any other Transaction Document; (e) any change in
accounting requirements or principles imposed upon the Business, or the interpretation thereof; (f)
the failure of the Sellers to obtain any consent, approval, action, authorization, permit or other
License of any Governmental Entity or third party with respect to the transactions contemplated by
this Agreement or any other Transaction Document; (g) any actions taken by the Purchaser or

4

 

any of its Affiliates; or (h) any compliance with the terms of, or the taking of any action
required by, this Agreement or any other Transaction Document or the failure to take any action
prohibited by this Agreement or any other Transaction Document.

     “Sellers Disclosure Schedule” means, collectively, the Developments Schedule, the
Assets Schedule, the Taxes Schedule, the Litigation Schedule, the Liabilities Schedule, the
Brokerage Schedule, the Permits Schedule, the Excluded Contracts Schedule, the Proprietary Rights
Schedule, the Business Employees Schedule, the Financial Statements Schedule, the Sellers Conflicts
Schedule, and the Employee Benefits Schedule.

     “Subsidiary” means, with respect to any Person, of which (a) in the case of a
corporation, a majority of the total voting power of shares of stock of which is entitled (without
regard to the occurrence of any contingency) to vote in the election of directors, managers or
trustees thereof is at the time owned or controlled, directly or indirectly, by that Person or one
or more of the other Subsidiaries of that Person or a combination thereof or (b) in the case of a
partnership, limited liability company, association or other business entity, a majority of the
partnership or other similar ownership interest of which is at the time owned or controlled,
directly or indirectly, by that Person or one or more Subsidiaries of that Person or a combination
thereof. For purposes of this definition, a Person is deemed to have a majority ownership interest
in a partnership, limited liability company, association or other business entity if such Person is
allocated a majority of the gains or losses of such partnership, limited liability company,
association or other business entity or is or controls the managing director or general partner of
such partnership, limited liability company, association or other business entity.

     “Tax Returns” means returns, declarations, reports, claims for refund, information
returns or other documents (including any related or supporting schedules, statements or
information) filed or required to be filed in connection with the determination, assessment or
collection of Taxes of any party or the administration of any laws, regulations or administrative
requirements relating to any Taxes.

     “Taxes” shall mean all taxes, levies, charges or fees of any kind whatsoever, whether
computed on a separate or consolidated, unitary or combined basis or in any other manner, including
all income, corporation, gross receipts, transfer, excise, property, sales, use, value-added,
license, payroll, pay-as-you-earn, withholding, social security and franchise or other governmental
taxes or charges, imposed by the United States or any state, county, local or foreign government,
and such term shall include any interest, penalties or additions to tax attributable to the
foregoing.

     “Transaction Documents” means this Agreement and all other agreements, instruments,
certificates and other documents to be entered into or delivered by any Party in connection with
the transactions contemplated to be consummated pursuant to this Agreement.

     “Treasury Regulations” means the United States Treasury Regulations promulgated
pursuant to the Code.

     “Vcom Kiosks” means automated devices that provide the following advanced automated
teller machine functions: check cashing; money orders; money transfer; bill payment; and

5

 

telecommunications products and that are set forth under the heading “Vcom Kiosks” on the
Acquired Assets Schedule; provided, that Vcom Kiosks shall not include any ATM Kiosks.

     “Warehoused ATM Kiosks and Vcom Kiosks” means those ATM Kiosks and Vcom Kiosks
indicated as “Warehoused” on the Acquired Assets Schedule.

     “Wells Fargo Bank” means Wells Fargo Bank, National Association.

     “Working Capital” means Current Assets minus Current Liabilities.

     1.2 Other Definitional Provisions.

               (a) Accounting Terms. Accounting terms which are not otherwise defined in this
Agreement have the meanings given to them under GAAP. To the extent that the definition of an
accounting term that is defined in this Agreement is inconsistent with the meaning of such term
under GAAP, the definition set forth in this Agreement will control.

               (b) “Hereof,” etc. The terms “hereof,” “herein” and “hereunder” and terms of similar
import are references to this Agreement as a whole and not to any particular provision of this
Agreement. Section, clause, Schedule and Exhibit references contained in this Agreement are
references to Sections, clauses, Schedules and Exhibits in or to this Agreement, unless otherwise
specified.

               (c) Successor Laws. Any reference to any particular Code section or any other law or
regulation will be interpreted to include any revision of or successor to that section regardless
of how it is numbered or classified.

     1.3 Cross Reference of Other Definitions. Each capitalized term listed below is
defined in the corresponding Section of this Agreement:

	 	 	 
	Term
	 	Section
	 
	 	 
	1060 Forms
	 	9.9
	7-Eleven
	 	Preface
	7-Eleven Acquired Assets
	 	2.1(a)(i)
	7-Eleven Assumed Contracts
	 	2.1(c)(i)(A)
	7-Eleven Assumed Liabilities
	 	2.1(c)(i)
	Acquired Assets
	 	2.1(a)(ii)
	Acquisition Transaction
	 	4.2(f)
	Allocation
	 	9.9
	Applicable Limitation Date
	 	8.1
	Assumed Contracts
	 	2.1(c)(ii)(A)
	Assumed Liabilities
	 	2.1(c)(ii)
	ATM’s
	 	9.7
	Audited Financial Statements
	 	4.2(g)
	Balance Sheet Date
	 	5.4(a)
	Bill of Sale and Assignment
	 	2.4(a)(i)
	Business Employees
	 	5.14

6

 

	 	 	 
	Term
	 	Section
	 
	 	 
	Business Intellectual Property
	 	5.10(b)
	Cap
	 	8.2(b)(iv)
	Cash Portion
	 	2.1(e)(ii)
	Closing
	 	2.3(a)
	Closing Date
	 	2.3(a)
	Closing Transactions
	 	2.4
	Confidentiality Agreement
	 	4.2(c)
	Cure Period
	 	7.1(b)(i)
	Determination
	 	2.2(b)
	Disputed Matter
	 	2.2(b)
	Economic Effect Time
	 	2.3(b)
	Employee
	 	9.6(b)
	Excluded Liabilities
	 	2.1(d)
	Final Working Capital Statement
	 	2.2(b)
	Financial Statements
	 	5.4(a)
	Gap Cash
	 	9.7
	Indemnified Person
	 	8.2(e)
	Indemnifying Party
	 	8.2(e)
	Indemnity Letter Assignment
	 	2.4(a)(v)
	Known Breaches
	 	3.2(a)
	Latest Balance Sheet
	 	5.4(a)
	Laws
	 	5.16
	Loss Threshold
	 	8.2(b)(ii)
	Necessary Employees
	 	3.2(d)
	Network Services Agreement
	 	2.4(a)(iii)
	Non-Competition Group
	 	9.6(a)
	Party
	 	Preface
	Placement Agreement
	 	2.4(a)(iv)
	Property Taxes
	 	9.2(a)(i)
	Purchase Price
	 	2.1(e)
	Purchase Price Allocation Schedule
	 	9.9
	Purchaser
	 	Preface
	Purchaser Parties
	 	8.2(a)
	Purchaser’s Dispute Report
	 	2.2(b)
	Replacement Vault Cash Facility
	 	9.7
	Scheduled Proprietary Rights
	 	5.10(a)
	Seller Group
	 	4.2(f)
	Sellers
	 	Preface
	Sellers Employee Benefit Plan
	 	5.15(a)
	Seller Parties
	 	4.2(c)
	Supplemental Disclosure Item
	 	4.2(e)(ii)
	Supplemental Disclosure Letter
	 	4.2(e)(ii)
	Supplemental Working Capital Report
	 	2.2(a)
	Termination Date
	 	7.1(b)(iii)

7

 

	 	 	 
	Term
	 	Section
	 
	 	 
	third-party action
	 	8.2(e)
	Transferred Employees
	 	9.8
	Transition Services Agreement
	 	4.1(d)
	Vault Cash
	 	9.7
	VFS
	 	Preface
	VFS Acquired Assets
	 	2.1(a)(ii)
	VFS Assumed Contracts
	 	2.1(c)(ii)(A)
	VFS Assumed Liabilities
	 	2.1(c)(ii)
	Working Capital Statement
	 	2.2(a)

ARTICLE II

PURCHASE AND SALE; ASSUMPTION OF CERTAIN LIABILITIES; CLOSING

     2.1 Purchase and Sale.

               (a) Acquired Assets.

               (i) 7-Eleven Assets. Upon the terms and subject to the conditions set forth in
this Agreement, at the Closing, 7-Eleven shall sell, convey, assign, transfer and deliver to
the Purchaser, and the Purchaser shall purchase and acquire, free and clear of any Liens,
other than Permitted Encumbrances, all right, title and interest of 7-Eleven in the assets,
rights and interests exclusively or primarily utilized in the operation of the Business that
are owned by 7-Eleven or its Affiliates, and that are set forth on the Acquired Assets
Schedule, (collectively, the “7-Eleven Acquired Assets”).

               (ii) VFS Assets. Upon the terms and subject to the conditions set forth in
this Agreement, at the Closing, VFS shall sell, convey, assign, transfer and deliver to the
Purchaser, and the Purchaser shall purchase and acquire, free and clear of any Liens, other
than Permitted Encumbrances, all right, title and interest of VFS in the assets, rights and
interests exclusively or primarily utilized in the operation of the Business that are owned
by VFS or its Affiliates, and that are set forth on the Acquired Assets Schedule
(collectively, the “VFS Acquired Assets” and, together with the 7-Eleven Acquired
Assets, the “Acquired Assets”).

               (b) Excluded Assets. Any assets, rights and interests not expressly set forth on the
Acquired Assets Schedule are expressly excluded from the purchase and sale contemplated
hereby and, as such, shall not be Acquired Assets.

8

 

               (c) Assumed Liabilities.

               (i) 7-Eleven Assumed Liabilities. Subject to Section 2.1(d) below, as
additional consideration for the 7-Eleven Acquired Assets, at the Closing, the Purchaser
will assume and agrees to pay, honor, satisfy, perform and discharge when due the following
liabilities and obligations of 7-Eleven (the “7-Eleven Assumed Liabilities”):

                    (A) all liabilities and obligations under the agreements, contracts, orders and
commitments included within the 7-Eleven Acquired Assets (collectively, the “7-Eleven
Assumed Contracts”) and which agreements, contracts, orders and commitments are
described on the Acquired Contracts Schedule, but only to the extent arising from
the conduct of the Business after the Closing Date;

                    (B) all liabilities and obligations arising from the conduct of the Business after the
Closing Date;

                    (C) all liabilities and obligations for Taxes with respect to the 7-Eleven Assets that
are the responsibility of the Purchaser under Section 9.2; and

                    (D) all liabilities and obligations specifically identified and described on the
Assumed Liabilities Schedule.

               (ii) VFS Assumed Liabilities. Subject to Section 2.1(d) below, as
additional consideration for the VFS Acquired Assets, at the Closing, the Purchaser will
assume and agrees to pay, honor, satisfy, perform and discharge when due the following
liabilities and obligations of VFS (the “VFS Assumed Liabilities” and together with
the 7-Eleven Assumed Liabilities, the “Assumed Liabilities”):

                    (A) all liabilities and obligations under the agreements, contracts, orders and
commitments included within the VFS Acquired Assets (collectively, the “VFS Assumed
Contracts” and, together with the 7-Eleven Assumed Contracts, the “Assumed
Contracts”) and which agreements, contracts, orders and commitments are described on the
Acquired Contracts Schedule, but only to the extent arising from the conduct of the
Business after the Closing Date;

                    (B) all liabilities and obligations arising from the conduct of the Business after the
Closing Date;

                    (C) all liabilities and obligations for Taxes with respect to the Vcom Assets that are
the responsibility of the Purchaser under Section 9.2; and

                    (D) all liabilities and obligations specifically identified and described on the
Assumed Liabilities Schedule.

               (d) Excluded Liabilities. Except as expressly set forth in Section 2.1(c)
above, the Purchaser shall not assume or become liable for, and shall not be deemed to have assumed
or have become liable for, any of the Sellers’ liabilities or obligations, whether accrued,
absolute or contingent, whether known or unknown, whether disclosed or undisclosed, whether

9

 

due or to become due, and regardless of when asserted (collectively, the “Excluded
Liabilities”). The Sellers hereby acknowledge that they are retaining the Excluded Liabilities
and, as between the Sellers, on the one hand, and the Purchaser and its Affiliates, on the other
hand, the Sellers shall have the responsibility to pay, discharge and perform all such liabilities
and obligations promptly when due.

               (e) Purchase Price for Acquired Assets. The aggregate purchase price (the
“Purchase Price”) for the Acquired Assets shall consist of the following:

               (i) The assumption by the Purchaser of the Assumed Liabilities; and

               (ii) The payment of an amount (the “Cash Portion”) to the Seller equal to One
Hundred Thirty-Five Million Dollars ($135,000,000), as such amount may be adjusted pursuant
to the terms hereof.

     2.2 Net Working Capital. The Parties have agreed that the Purchaser shall acquire the
Business on a neutral working capital basis. The foregoing provisions are intended to accomplish
the foregoing.

               (a) On the third Business Day prior to the Closing Date, the Sellers shall deliver to the
Purchaser a statement setting forth the Sellers’ good faith estimate of the Working Capital as of
the Closing Date (the “Working Capital Statement”). The Working Capital Statement shall be
prepared by the Sellers in accordance with GAAP, consistently applied, using the historical
accounting policies, principles and procedures that have been applied by the Sellers in preparation
of their year-end audited financial statements for the fiscal year ended December 31, 2006. At
Closing, (i) the Purchase Price shall be reduced by an amount equal to the excess, if any, of (x)
the aggregate amount of Current Liabilities reflected on the Working Capital Statement over (y) the
aggregate amount of Current Assets reflected on the Working Capital Statement, or (ii) the Purchase
Price shall be increased by an amount equal to the excess, if any, of (x) the aggregate amount of
Current Assets reflected on the Working Capital Statement, over (y) the aggregate amount of Current
Liabilities reflected on the Working Capital Statement, as applicable. Within thirty (30) Business
Days after the Closing Date, the Sellers shall prepare and deliver to the Purchaser a written
report (the “Supplemental Working Capital Report”) setting forth the Sellers’ good faith
estimate of the amount of Working Capital of the Business as of the Closing Date. The Working
Capital Statement and the Supplemental Working Capital Report shall (i) not include any changes in
accounting practices or accounting principles from those applied in preparing the Sellers’ year-end
audited financial statements for the fiscal year ended December 31, 2006, and (ii) not include any
purchase accounting adjustments or other adjustments outside the ordinary course of business of the
Sellers. For purposes of the preceding sentence, “changes in accounting practices” shall include
all changes in accounting practices, policies, principles, procedures or methodologies with respect
to financial statements, their classification or presentation, as well as all changes in practices,
methods, conventions or assumptions utilized in making accounting estimates.

               (b) The Sellers shall allow the Purchaser and its representatives access at reasonable times
after the Closing Date to the books and records of the Sellers related to the Business and to the
Sellers’ financial employees and accountants involved in the preparation of

10

 

the Working Capital Statement and the Supplemental Working Capital Report in order to allow
the Purchaser to examine and determine the accuracy of the Supplemental Working Capital Report.
Within forty-five (45) Business Days of the Closing Date, the Purchaser shall complete its
examination thereof and may deliver to the Sellers a written report setting forth any proposed
adjustments to the Supplemental Working Capital Report (“Purchaser’s Dispute Report”). If
the Purchaser notifies the Sellers of its acceptance of the Supplemental Working Capital Report, or
if the Purchaser fails to deliver a report of proposed adjustments to the Supplemental Working
Capital Report within the forty-five (45) Business Day period specified in the preceding sentence,
the Supplemental Working Capital Report shall be conclusive and binding on the Parties as of the
last day of such forty-five (45) Business Day period. The Purchaser and the Sellers shall use good
faith efforts to resolve any dispute as to the Supplemental Working Capital Report (each a
“Disputed Matter”), and any resolution between them as to a Disputed Matter shall be final,
binding and conclusive on the parties hereto. If, after thirty (30) days following the receipt by
the Sellers of the Purchaser’s Dispute Report, the Purchaser and the Sellers are unable to resolve
any Disputed Matter, the Disputed Matter shall be submitted to 7-Eleven’s Chief Financial Officer
or his/her designee and the Purchaser’s Chief Financial Officer or equivalent for resolution, who
shall then use reasonable good faith efforts to resolve the Disputed Matter within thirty (30)
days. If such individuals cannot resolve the Disputed Matter within thirty (30) days, such
Disputed Matter shall promptly be referred to Ernst & Young LLP or another mutually agreeable
independent accounting firm for resolution. The Sellers and the Purchaser shall promptly execute
and deliver any engagement letter reasonably requested in connection with the engagement of the
independent accounting firm. The independent accounting firm shall be instructed to conduct a
review of the Supplemental Working Capital Report and to use every reasonable effort to make its
determination with respect to such Disputed Matter (the “Determination”) within sixty (60)
days of the submission to the independent accounting firm of such Disputed Matter. Each of the
Sellers and the Purchaser shall give the independent accounting firm access at all reasonable times
to the books, records, accounts and work papers used to prepare the Supplemental Working Capital
Report and to the Sellers’ and the Purchaser’s respective financial employees and accountants
involved in the preparation and verification of the Supplemental Working Capital Report. After
completing the Determination, the independent accounting firm shall deliver notice of the
Determination to the Purchaser and the Sellers and upon receipt thereof, the Determination shall be
final, binding and conclusive on the parties hereto with respect to such Disputed Matter. The
final determination of the Working Capital of the Business as of the Closing Date shall be as set
forth in the Supplemental Working Capital Report as adjusted by any disputes resolved by the
Parties and by the independent accounting firm’s Determination, if any, and such final adjusted
amounts will be set forth in a final working capital statement (the “Final Working Capital
Statement”). The “Final Working Capital” shall be the difference between the aggregate amount
of Current Assets reflected on the Final Working Capital Statement, and the aggregate amount of
Current Liabilities reflected on the Working Capital Statement. The costs of hiring such
independent accounting firm will be borne equally by the Sellers and the Purchaser.

(c) Within ten (10) days after the determination of the Final Working Capital in accordance
with Section 2.2(c), the Sellers or the Purchaser, as applicable, shall make a cash true-up
payment to the other so that, after giving effect to such payment, the Sellers and the Purchaser
are in the same position they would have been had such final amounts been known at the Closing and
had the payment made under Section 2.2(b) been made based on the Final

11

 

Working Capital amounts rather than an estimated amount. Any payment due to a party pursuant
to this Section 2.2(d) shall be made by wire transfer of immediately available funds to an
account designated by the party entitled to such payment, and the party entitled to such payment
shall provide written wire instructions to the paying party for such account at least three (3)
Business Days prior to the date of payment. Payments made hereunder shall also bear interest from
the date of initial calculation through the date of final determination, calculated at the federal
funds rate in effect at the time of payment.

     2.3 Closing.

               (a) The closing of the transactions contemplated by this Agreement (the “Closing”)
shall take place at the offices of Vinson & Elkins L.L.P., 2001 Ross Avenue, Dallas, Texas 75201.
The parties shall establish a target Closing Date of June 30, 2007. In any event, Closing shall
occur commencing at 10:00 a.m. on the fifth Business Day following the satisfaction or waiver of
all conditions to the obligations of the Parties to consummate the transactions contemplated hereby
(other than conditions with respect to actions the respective Parties will take at the Closing
itself), or at such other place or on such other date as may be mutually agreeable to the Purchaser
and the Sellers. The date and time of the Closing are herein referred to as the “Closing
Date.”

               (b) Notwithstanding anything contained in this Agreement to the contrary, revenues and
expenses generated by the Acquired Assets shall be apportioned as provided for as of the Economic
Effect Time. The term “Economic Effect Time” shall mean (i) with respect to revenues and
expenses with respect to ATM Kiosks and Vcom Kiosks, the business day cutover time on the day
immediately preceding the Closing Date as specified by each processor and/or electronic funds
transfer network, and (ii) with respect to all other revenues and expenses to be apportioned
hereunder, 11:59 p.m. (Central Standard Time) on the day prior to the Closing Date.

     2.4 Closing Transactions. Subject to the conditions set forth in this Agreement, the
Parties shall consummate the following transactions (the “Closing Transactions”) on the
Closing Date:

               (a) Sellers Delivery Obligations. At the Closing, the Sellers, as applicable, shall
deliver to the Purchaser the following:

               (i) Bill of Sale and Assignment. A duly executed counterpart of the Bill of
Sale and Assignment and Assumption substantially in the form attached hereto as Exhibit
A (the “Bill of Sale and Assignment”);

               (ii) Transition Services Agreement. A duly executed counterpart of the
Transition Services Agreement;

               (iii) Network Services Agreement. A duly executed counterpart of the Network
Services Agreement substantially in the form attached hereto as Exhibit B (the
“Network Services Agreement”);

12

 

               (iv) Placement Agreement. A duly executed counterpart of the Placement
Agreement substantially in the form attached hereto as Exhibit C (the “Placement
Agreement”); and

               (v) Indemnity Letter Assignment. A duly executed counterpart of the THL
Indemnity Letter Assignment and Assumption in the form attached hereto as Exhibit D
(the “Indemnity Letter Assignment”)

               (vi) Certificate and Resolutions. The certificates described in Section
3.2(c); and

               (vii) Consents. An executed copy of each consent, if any, listed on the
Required Consent Schedule.

               (b) Purchaser Delivery Obligations. At the Closing, the Purchaser shall deliver to
the Sellers the following:

               (i) Cash Portion. An amount equal to the Cash Portion, by wire transfer of
immediately available funds, to an account designated by the Sellers prior to the Closing;

               (ii) Bill of Sale and Assignment. A duly executed counterpart of the Bill of
Sale and Assignment;

               (iii) Transition Services Agreement. A duly executed counterpart of the
Transition Services Agreement;

               (iv) Network Services Agreement. A duly executed counterpart of the Network
Services Agreement;

               (v) Placement Agreement. A duly executed counterpart of the Placement
Agreement; and

               (vi) Certificates and Resolutions. The certificates described in Section
3.3(b).

     2.5 Apportionment. Unless otherwise provided in this Agreement or as taken into
account in the Working Capital Statement or the Supplemental Working Capital Report, all License
expenses pertaining to the Business, if any, and any other expenses pertaining to the Business,
shall be apportioned between the Sellers, as applicable, and the Purchaser as of the date of
Closing, regardless of the date assessed or payable. Such apportionments shall be based on the
respective number of days elapsed during the pre-Closing and post-Closing periods (with the Closing
Date being included in the post-Closing period), except that to the extent a statement or bill is
based on transaction volume or another measure which is calculated on a daily basis, such
apportionment shall be based on the respective transaction volume or other applicable measure
during the pre-Closing and post-Closing periods. Either party shall have the right, for a period
of one (1) year after Closing, to audit (at its own expense) the books and records of the other
Party which pertain to expenses to be apportioned hereunder. In respect to any payments

13

 

to third parties scheduled to be made after the Closing, the Sellers, as applicable, shall
make a remittance to the Purchaser equal to the portion of such post-Closing payment allocable to
the Sellers and the Purchaser will in turn make the full payment to the third party when due.

ARTICLE III

CONDITIONS TO CLOSING

     3.1 Conditions to Each Party’s Obligation. The respective obligations of the Sellers
and the Purchaser to effect the transactions contemplated hereby are subject to the satisfaction on
or prior to the Closing Date of the following conditions:

               (a) Governmental Consents and Approvals. All authorizations, consents, orders or
approvals of, or declarations or filings with, or expirations of waiting periods imposed by, any
Governmental Entity necessary for the consummation of the transactions contemplated by the
Transaction Documents shall have been obtained, occurred or been filed, including those arising
under all applicable Antitrust Laws, and any applicable waiting period under the HSR Act shall have
expired or terminated.

               (b) No Injunctions or Restraints. No temporary restraining order, preliminary or
permanent injunction or other order issued by any Governmental Entity or any court of competent
jurisdiction or other legal restraint or prohibition preventing the consummation of the
transactions contemplated hereby shall be in effect.

               (c) No Action. No action shall have been taken nor any statute, rule or regulation
shall have been enacted by any Governmental Entity that makes the consummation of the transactions
contemplated hereby illegal.

     3.2 Conditions to the Purchaser’s Obligation. The obligation of the Purchaser to
consummate the transactions contemplated by this Agreement is subject to the satisfaction of the
following conditions as of the Closing Date:

               (a) Compliance with Representations and Covenants. Each of the representations and
warranties of the Sellers set forth in Article V hereof shall be true and correct in all
material respects at and as of the Closing Date as though then made (except for any representation
or warranty that expressly relates to an earlier date, in which case such representation or
warranty shall have been true and correct only as of such earlier date) except, with respect to
such representations and warranties, to the extent that any inaccuracies in such representations
and warranties that have not been waived by the Purchaser, individually or in the aggregate, would
not be reasonably expected to result in a Seller Material Adverse Effect, and the Sellers shall
have performed and complied in all material respects with all of their respective covenants and
agreements hereunder through the Closing. For purposes of determining whether the condition set
forth in this Section 3.2(a) has been fulfilled with respect to the Sellers’
representations and warranties set forth in Article V or establishing a Known Breach (as
defined below), each such representation and warranty shall be read without regard to materiality
(including a Seller Material Adverse Effect) qualifications that may be contained therein. In the
event that the Parties are aware of any inaccuracies in the representations and warranties of
Sellers as of the Closing that, individually or in the aggregate, would not be reasonably expected

14

 

to result in a Seller Material Adverse Effect and that would otherwise be indemnifiable by the
Sellers pursuant to Section 8.2 (other than Section 8.2(b)(ii)) (each, only if set
forth in the written notice described in this sentence and delivered by the Purchaser to the
Sellers prior to the Closing, a “Known Breach”), the condition to the Purchaser’s
obligation under this Section 3.2(a) shall be deemed satisfied; provided,
however, that so long as the Purchaser delivers a written notice of any such Known Breaches
(along with the Purchaser’s reasonable non-binding estimate of the damages attributable to each
such Known Breach) to Sellers prior to Closing, the Purchaser shall be entitled to indemnification
with respect to any such Known Breach set forth in such notice pursuant to the terms and conditions
of Article VIII, but without regard to any limitations set forth in Section
8.2(b)(ii).

               (b) Required Consents. The Purchaser shall have been furnished with evidence
reasonably satisfactory to it of the consent or approval of each Person that is a counterparty to
the contracts identified on the Required Consent Schedule, if any.

               (c) Financial Statements. The Purchaser shall have received the Audited Financial
Statements.

               (d) Employment Agreements. The Purchaser shall have negotiated a mutually acceptable
employment agreement with each of the employees of the Sellers set forth on the Necessary
Employees Schedule (the “Necessary Employees”).

               (e) Store Locations. The Sellers shall at such time maintain and operate ATM Kiosks
or Vcom Kiosks in no fewer than 5,500 stores.

               (f) Material Adverse Change. There shall have been no event, change or circumstance
that has caused, or would be reasonably expected to cause, a Seller Material Adverse Effect.

               (g) Officer’s Certificate. On or prior to the Closing Date, the Sellers shall have
delivered to the Purchaser each of the following:

               (i) a certificate from the Sellers in a form reasonably satisfactory to the Purchaser,
dated as of the Closing Date, stating that the conditions specified in Section
3.2(a) have been satisfied; and

               (ii) a certificate from the Secretary of the Sellers certifying that the Sellers’
boards of directors have each approved the transactions contemplated by this Agreement.

               (h) Closing Documents. All documents, instruments, certificates and other items
required to be delivered by the Sellers pursuant to Section 2.4(a) shall have been
delivered.

Any condition specified in this Section 3.2 may be waived by the Purchaser;
provided, that no such waiver shall be effective against the Purchaser unless it is set
forth in a writing executed by an authorized officer of the Purchaser.

15

 

     3.3 Conditions to the Sellers’ Obligation. The obligation of the Sellers to
consummate the transactions contemplated by this Agreement is subject to the satisfaction of the
following conditions as of the Closing Date:

               (a) Compliance with Representations and Covenants. Each of the representations and
warranties of the Purchaser set forth in Article VI shall be true and correct in all
material respects at and as of the Closing Date as though then made (except for any representation
or warranty that expressly relates to an earlier date, in which case such representation or
warranty shall have been true and correct only as of such earlier date) except, with respect to
such representations and warranties, to the extent that any inaccuracies in such representations
and warranties that have not been waived by the Sellers, individually or in the aggregate, would
not be reasonably expected to result in a Purchaser Material Adverse Effect, and the Purchaser
shall have performed and complied in all material respects with all of its covenants and agreements
hereunder through the Closing.

               (b) Officer’s Certificate. On or prior to the Closing Date, the Purchaser shall have
delivered to the Sellers each of the following:

               (i) a certificate from the Purchaser in a form reasonably satisfactory to the Sellers,
dated the Closing Date, stating that the conditions specified in Section 3.3(a) have
been satisfied; and

               (ii) a certificate from the Secretary of the Purchaser certifying that the Purchaser’s
board of directors has approved the transactions contemplated by this Agreement.

               (c) Vault Cash Agreement. The Purchaser shall have entered into the Replacement Vault
Cash Facility.

               (d) Closing Documents. All documents, instruments, certificates and other items
required to be delivered by the Purchaser pursuant to Section 2.4(b) shall have been
delivered.

Any condition specified in this Section 3.3 may be waived by the Sellers; provided,
that no such waiver shall be effective against the Sellers unless it is set forth in a writing
executed by an authorized officer of each of the Sellers.

ARTICLE IV

COVENANTS PRIOR TO CLOSING

     4.1 Mutual Covenants of the Parties.

               (a) Governmental Filings. Promptly following the execution of this Agreement, the
Parties shall proceed promptly to prepare and file, or cause to be prepared and filed by their
respective “ultimate parent entities,” with the appropriate Governmental Entities such requests,
reports or notifications as may be required in connection with this Agreement or the other
Transaction Documents and shall diligently and expeditiously prosecute, and shall cooperate fully
with each other in the prosecution of, such matters. Without limiting the

16

 

foregoing, promptly following the execution of this Agreement, but in any event within ten
(10) Business Days following the date of this Agreement, the Parties or their respective “ultimate
parent entities” shall file with the Department of Justice and the Federal Trade Commission the
notifications and other information, if any, required to be filed under the HSR Act with respect to
the transactions contemplated hereby and by the other Transaction Documents and shall use their
respective commercially reasonable efforts to cause all applicable waiting periods under the HSR
Act to expire or be terminated as of the earliest possible date. The Purchaser and the Sellers
will bear equally all applicable filing fees due under the HSR Act. Each of the Sellers and the
Purchaser shall, as promptly as practicable, comply with any request for additional information and
documents pursuant to the HSR Act. Each of the Sellers and the Purchaser shall inform the other
promptly of any communication made by or on behalf of such Party to (including permitting the other
Party to review such communication in advance), or received from, the Federal Trade Commission or
the Department of Justice and shall furnish to the other such information and assistance as the
other may reasonably request in connection with its preparation of any filing, submission or other
act that is necessary or advisable under the HSR Act. Each of the Sellers and the Purchaser shall
keep each other timely apprised of the status of any communications with, and any inquiries or
requests for additional information from, the Federal Trade Commission or the Department of Justice
and shall comply promptly with any such inquiry or request. No Party shall agree to participate in
any meeting with any Governmental Entity in respect of any filings, investigation or other inquiry
unless it consults with the other Parties in advance, and to the extent permitted by such
Governmental Entity, and gives the other Parties the opportunity to attend and participate thereat.
The Purchaser and the Sellers agree to utilize commercially reasonably efforts to avoid or
eliminate any impediment under any Antitrust Law that may be asserted by any U.S. federal, state,
or local antitrust or competition authority so as to enable the Parties to expeditiously close the
transactions contemplated by this Agreement and the other Transaction Documents. In addition,
without limiting the generality of the foregoing regarding Governmental Entities, the Purchaser and
the Sellers agree to utilize commercially reasonable efforts to attempt to vacate or lift any order
or other restraint relating to Antitrust Laws that would have the effect of making the transactions
contemplated by this Agreement and the other Transaction Documents illegal or otherwise prohibiting
their consummation. Nothing in this Agreement shall (i) require the Purchaser to divest of any
assets currently owned by it or (ii) require the Sellers to retain any portion of the Acquired
Assets, in either case, in connection with obtaining the termination or early expiration of the
waiting period under the HSR Act.

               (b) Additional Agreements. Subject to the terms and conditions of this Agreement,
each of the Parties will use its respective commercially reasonable efforts to take or do, or cause
to be taken or done, all things necessary, proper or advisable to consummate and make effective the
transactions contemplated by this Agreement. If at any time after the Closing Date, any further
action is necessary to carry out the purposes of this Agreement and the other Transaction
Documents, the Parties shall take all such action as is commercially reasonable.

               (c) Investigation; No Other Representations or Warranties.

               (i) The Purchaser acknowledges and agrees that it has made its own inquiry and
investigation into, and, based thereon, has formed an independent judgment concerning, the
Business, the Acquired Assets and the Assumed Liabilities, and the

17

 

Purchaser has been furnished with or given full access to such information about the
Business, the Acquired Assets and the Assumed Liabilities as it has reasonably requested.

               (ii) In connection with the Purchaser’s investigation of the Business, the Acquired
Assets and the Assumed Liabilities, the Purchaser and its representatives have received from
the Sellers or their representatives certain projections and other forecasts for the
Business and certain estimates, plans and budget information. The Purchaser acknowledges
and agrees that (A) there are uncertainties inherent in attempting to make such projections,
forecasts, estimates, plans and budgets, (B) the Purchaser is familiar with such
uncertainties, (C) the Purchaser is taking full responsibility for making its own
evaluations of the adequacy and accuracy of all estimates, projections, forecasts, plans and
budgets so furnished to it or its representatives and (D) the Purchaser will not (and will
cause each of its Subsidiaries, other Affiliates and all other Persons acting on their
behalf to not) assert any claim or cause of action against the Sellers, their Subsidiaries
or any of their direct or indirect directors, officers, employees, agents, stockholders,
Affiliates, consultants, counsel, accountants, investment bankers or representatives with
respect thereto, or hold any such other Person liable with respect thereto.

               (iii) The Purchaser agrees that, except for the representations and warranties made by
the Sellers that are expressly set forth in Article V of this Agreement, neither the
Sellers nor any of their respective Affiliates or representatives have made and shall not be
deemed to have made to the Purchaser or to any of its representatives or Affiliates any
representation or warranty of any kind. Without limiting the generality of the foregoing,
and notwithstanding any otherwise express representations and warranties made by the Sellers
in Article V, the Purchaser agrees that neither the Sellers nor any of their
Affiliates makes or has made any representation or warranty to the Purchaser or to any of
its representatives or Affiliates with respect to, nor is the Purchaser relying upon:

                    (A) any projections, forecasts, estimates, plans or budgets of future revenues,
expenses or expenditures, future results of operations (or any component thereof), future
cash flows (or any component thereof) or future financial condition (or any component
thereof) of the Business or the future operations or affairs of the Business heretofore or
hereafter delivered to or made available to the Purchaser or its counsel, accountants,
advisors, lenders, representatives or Affiliates; or

                    (B) any other information, statements or documents heretofore or hereafter delivered to
or made available to the Purchaser or its counsel, accountants, consultants, advisors,
lenders, representatives or Affiliates with respect to the Business or the operations or
affairs of the Business, except to the extent and as expressly covered by a representation
and warranty made by the Sellers and contained in Article V.

               (iv) The Sellers acknowledge and agree that, except for the representations and
warranties made by the Purchaser expressly contained in Article VI, neither the
Purchaser nor any of its Affiliates or their respective representatives have made or shall
not be construed as having made to the Sellers or any representative thereof any
representation or warranty of any kind.

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               (d) Additional Agreements. Each of the Sellers and the Purchaser shall, subsequent to
the date of this Agreement and prior to the Closing Date, negotiate in good faith and enter into at
the Closing a transition services agreement relating to certain post-Closing services to be
performed by the Sellers on the terms and conditions set forth therein (the “Transition
Services Agreement”).

     4.2 Covenants of the Sellers.

               (a) Conduct of the Business. Prior to the Closing, unless the Purchaser otherwise
consents in writing (which consent shall not be unreasonably withheld or delayed) or except as
expressly contemplated by this Agreement, the Sellers shall:

               (i) use their commercially reasonable efforts to carry on the Business in the ordinary
course in the same manner as presently conducted and to keep the operations supporting the
Business intact, including preserving the Sellers’ present relationships with licensors,
suppliers, customers and others having business relations with the Business;

               (ii) use their commercially reasonable efforts to maintain the material Scheduled
Proprietary Rights relating or pertaining to the Business;

               (iii) use their commercially reasonable efforts to cause their current insurance (or
reinsurance) policies not to be canceled or terminated or any of the coverage thereunder to
lapse;

               (iv) maintain the material assets of the Business in good repair, order and condition
(normal wear and tear excepted) consistent with current needs;

               (v) maintain the books, accounts and records of the Business in accordance with past
custom and practice as used in the preparation of the Financial Statements;

               (vi) use their commercially reasonable efforts to maintain the existence of and protect
all of the Licenses identified in the Permits Schedule; and

               (vii) comply in all material respects with all applicable Laws, ordinances and
regulations pertaining to the Business and pay all applicable Taxes when such become due and
payable, unless such Taxes are being contested in good faith by appropriate proceedings.

               (b) Negative Operating Covenants. Prior to the Closing, unless the Purchaser
otherwise consents in writing (which consent shall not be unreasonably withheld or delayed), except
as expressly contemplated by this Agreement, the Sellers shall not, with respect to the Business:

               (i) forgive, cancel or waive any rights of material value or any debts or other
material obligations owed to the Sellers that would be included in the Acquired Assets if
such debts or obligations existed at the Closing Date;

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               (ii) with respect to the employees set forth on the Employee Schedule, make or
grant any increase in any such employee’s compensation or make or grant any increase under
any Sellers Employee Benefit Plan, incentive arrangement or other benefit covering any such
employees, except in the ordinary course of business or as required by applicable Law;

               (iii) except as specifically contemplated by this Agreement, enter into any contract,
agreement or transaction related to the Business, other than in the ordinary course of
business and at arm’s length with unaffiliated Persons; or

               (iv) sell, transfer, contribute, distribute or otherwise dispose of any material assets
(other than marketable securities) of the Business that are Acquired Assets, or agree to do
any of the foregoing, to any Person, or negotiate or have any discussions with any Person
with respect to any of the foregoing, other than in the ordinary course of business.

               (c) Access and Information.

               (i) Business Data.

                    (A) The Sellers hereby grant the Purchaser a limited non-exclusive license to copy,
use, display and modify the Business Data transferred to Purchaser pursuant to this
provision solely for Purchaser’s internal business purposes. For clarity and the avoidance
of any doubt, the foregoing license shall permit: (i) the Purchaser to allow third party
service providers under a duty of confidentiality to use the Business Data solely for the
benefit of the Purchaser; and (ii) the Purchaser to transfer the Business Data under the
same restrictions to a buyer of all or substantially all of the Financial Services Kiosks.
The Sellers retain all rights not expressly granted herein. All Business Data is provided
“As Is” with no representations or warranties from the Sellers. From and after the date
hereof until the Closing, the Purchaser shall obtain written consent of the Sellers prior to
the Purchaser or any of its representatives contacting any vendor or customer of the
Business or any customer or vendor of any other business conducted by the Sellers;
provided, that the Purchaser may contact NCR Corporation and Wells Fargo Bank, N.A.
without the prior written consent of the Sellers.

                    (B) From and after the date hereof through Closing, to the extent that the Purchaser
requests access to any Business Data that is in possession of the Sellers, such access may
be granted by the Sellers in the Sellers’ sole and absolute discretion. From and after
Closing, to the extent that the Purchaser requests access to any Business Data that is in
the possession of the Sellers, such access may be granted by the Sellers, after Sellers are
provided a reasonable period of time (taking into account the scope, content and volume of
the request) to access, collect, and review Business Data responsive to the request, in the
Sellers’ commercially reasonable discretion. All reasonable costs, fees and expenses
relating to the access or copying of such Business Data shall be borne by the Purchaser and
all such amounts shall be paid to the Sellers within five Business Days of the written
request therefor by the Sellers. The Purchaser hereby acknowledges that the Sellers shall
be under no obligation to maintain or

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safeguard the Business Data for any time period except as is required under the
Sellers’ current document retention policies in effect at such time.

                    (C) Notwithstanding the foregoing provisions of this Section 4.2(c)(i), the
Sellers shall not be required to grant access or furnish information to the Purchaser or any
of the Purchaser’s representatives to the extent that such information is subject to an
attorney/client or attorney work product privilege or that such access or the furnishing of
such information is prohibited by an existing contract or agreement. All information
provided pursuant to this Agreement (including without limitation all Business Data) shall
remain subject in all respects to the existing Confidentiality Agreement, dated October 18,
2006, between Cardtronics, LP and Credit Suisse Securities (USA) LLC, as representative of 7
Eleven, Inc. (the “Confidentiality Agreement”). The Purchaser shall indemnify,
protect, defend, pay and hold harmless each Seller and each of their respective officers,
directors, shareholders, employees, agents, representatives, Affiliates, successors and
assigns (collectively, the “Seller Parties”) from and against any and all Claims
arising in favor of or brought by any of the Sellers Parties, or by any Governmental Entity
or any other third party, based upon, in connection with, relating to or arising out of the
transfer to Purchaser of the Business Data, and the use, copying, modification, display or
disclosure of Business Data by the Purchaser.

               (ii) Customer Data. The Sellers hereby grant to the Purchaser a limited
non-exclusive license to copy, use, display and modify the Customer Data solely for the
Purchaser’s internal business purposes. The Sellers retain all rights not expressly granted
herein. The Parties will mutually agree on when and how the Sellers will deliver Customer
Data to the Purchaser and the Purchaser shall be responsible for all costs associated with
collecting, aggregating, modifying and transmitting Customer Data. All Customer Data is
provided “As Is” with no representations and warranties from the Sellers. All Customer Data
information provided pursuant to this Agreement shall remain subject in all respects to the
existing Confidentiality Agreement, dated October 18, 2006, between Cardtronics, LP and
Credit Suisse Securities (USA) LLC, as representative of 7 Eleven, Inc. The Purchaser shall
indemnify, protect, defend, pay and hold harmless the Seller Parties from and against any
and all Claims arising in favor of or brought by any of the Sellers Parties, or by any
Governmental Entity or any other third party, based upon, in connection with, relating to or
arising out of the transfer to Purchaser of the Customer Data, and the use, copying,
modification, display or disclosure of Customer Data by the Purchaser.

               (d) Third Party Consents. After the date hereof and prior to the Closing, the Sellers
shall use their commercially reasonable efforts to obtain the consent or approval, in form and
substance reasonably satisfactory to the Purchaser, from any Person that is counterparty to the
contracts identified on the Required Consent Schedule at the sole cost and expenses of the
Sellers; provided, that in no event shall the Sellers be required to make any expenditure
of money or amend the terms of any other agreement between the Sellers and such counterparty to
obtain such consent or approval.

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          (e) Notification of Certain Matters.

               (i) The Sellers shall give prompt written notice to the Purchaser of (A) the
occurrence, or failure to occur, of any event of which they have Knowledge that would be
reasonably likely to cause any representation or warranty of the Sellers contained in this
Agreement to be untrue or inaccurate in any material respect at any time from the date of
this Agreement to the Closing if such representation or warranty were made at such time; (B)
the failure of the Sellers to comply with or satisfy in any material respect any covenant to
be complied with by it hereunder; (C) any written notice or other written communication from
any Person alleging that the consent of such Person is or may be required in connection with
the transactions contemplated by this Agreement or the other Transaction Documents; and (D)
any written notice or other written communication from any Governmental Entity in connection
with the transactions contemplated by this Agreement or the other Transaction Documents. No
such notification shall affect the representations or warranties of the Parties or the
conditions to their respective obligations hereunder.

               (ii) The Sellers shall have the right, and the continuing obligation, to disclose
additional matters (a “Supplemental Disclosure Item”) in a letter to the Purchaser
(a “Supplemental Disclosure Letter”) from time to time prior to the Closing that
come to the Knowledge of the Sellers after the date hereof that, had such additional matters
been existing, occurring or known on the date hereof, would have been required to be set
forth or described in the Sellers Disclosure Schedules delivered to the Purchaser on the
date of this Agreement in order to make the representations and warranties true and correct
as of the date of this Agreement and as of the Closing Date. The delivery of a Supplemental
Disclosure Letter shall not diminish the Purchaser’s right to terminate this Agreement
pursuant to Section 7.1(b)(i).

          (f) No Shop. From and after the date of this Agreement and through the earlier of
Closing or termination of this Agreement, the Sellers agree that they shall not, and shall cause
their respective Affiliates, directors, officers, partners, employees, representatives and agents
(collectively, the “Seller Group”) not to, conduct any discussions with any Person other
than the Purchaser with respect to any proposal for a merger, consolidation, sale of assets,
securities or other interest, tender offer or any similar transaction or business combination
involving, directly or indirectly, the Acquired Assets (collectively, an “Acquisition
Transaction”). In addition, the Sellers shall not, and shall cause the Seller Group and any
attorneys, accountants, investment bankers, other representatives retained by any of them, not to
directly or indirectly, solicit or encourage (including by way of furnishing information) any
inquiries or the making of any proposal that would be reasonably expected to lead any Acquisition
Transaction.

          (g) Financial Information. The Sellers shall cause to be prepared, and shall deliver
to the Purchaser prior to Closing, the Business’ audited balance sheets as of December 31, 2006,
2005 and 2004 and the related audited statements of income and cash flows for each of (i) the
two-year period ended December 31, 2005 (including calendar year 2005 and 2004) and (ii) the
two-year period ended December 31, 2006 (including calendar year 2006 and 2005), and the related
notes thereto, accompanied by a true and correct copy of the report thereon of

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PricewaterhouseCoopers LLP, independent public accountants (“Audited Financial
Statements”). Such Audited Financial Statements shall include the financial statements,
footnotes and related disclosure required under GAAP, including those required pursuant to the
applicable rules and regulations of the Securities and Exchange Commission. Furthermore, the
Sellers shall provide the Purchaser with unaudited Financial Statements of the Business for the
2007 fiscal year on a monthly basis consistent with past reporting practices, and shall provide any
other financial information regarding the Business as reasonably requested by the Purchaser. At
Closing, all such Financial Statements delivered pursuant to this Section 4.2(g) shall be
included within the representations of the Sellers under Section 5.4(a).

          (h) Removal of Money Order Functionality. The Sellers shall disable money order
functionality from all Vcom Kiosks prior to the Closing Date.

     4.3 Covenants of the Purchaser.

          (a) Notification of Certain Matters. The Purchaser shall give to the Sellers prompt
written notice of (i) the occurrence, or failure to occur, of any event of which it has Knowledge
that would be reasonably likely to cause any representation or warranty of the Purchaser contained
in this Agreement to be untrue or inaccurate in any material respect at any time from the date of
this Agreement to the Closing if such representation or warranty were made at such time; (ii) the
failure of the Purchaser to comply with or satisfy in any material respect any covenant to be
complied with by it hereunder; (iii) any written notice or other written communication from any
Person alleging that the consent of such Person is or may be required in connection with the
transactions contemplated by this Agreement or the other Transaction Documents; and (iv) any
written notice or other written communication from any Governmental Entity in connection with the
transactions contemplated by this Agreement or the other Transaction Documents. No such
notification shall affect the representations or warranties of the Parties or the conditions to
their respective obligations hereunder.

          (b) Access to Information. The Purchaser agrees to hold all the books and records of
the Business existing on the Closing Date and not to destroy or dispose of any such books or
records for a period of five (5) years from the Closing Date, and thereafter, if it desires to
destroy or dispose of such books and records, to offer first in writing at least ninety (90) days
prior to such destruction or disposal to surrender them to the Sellers. During that five year
period, the Purchaser shall, and shall cause each of its Subsidiaries to, during normal business
hours, upon reasonable notice, make available and provide the Sellers and their representatives
(including counsel and independent auditors) with reasonable access to the facilities and
properties of the Business and to all information, files, documents and records (written and
computer) that are not otherwise protected by legal privilege relating to the Business for any and
all periods prior to or including the Closing Date that they may require with respect to any
reasonable business purpose (including, without limitation, any Tax matter) or in connection with
any claim, dispute, action, cause of action, investigation or proceeding of any kind by or against
any Person, and shall (and shall cause its Subsidiaries to) cooperate fully with the Sellers and
their representatives (including counsel and independent auditors) in connection with the
foregoing, including, without limitation, by making Tax, accounting and financial personnel and
other appropriate employees and officers of the Business available to the Sellers and its

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respective representatives (including counsel and independent auditors), with regard to any
reasonable business purpose.

          (c) Notification of Breach. If the Purchaser or any of its Affiliates obtains
Knowledge of a breach by either of the Sellers of a representation, warranty, covenant or agreement
made by such the Seller contained in this Agreement, the Purchaser shall promptly notify such the
Seller of such breach; provided, that such notification shall not result in the waiver by
the Purchaser of any of its respective rights or remedies under this Agreement.

          (d) Financing. The Purchaser shall use its commercially reasonable efforts to perform
and comply with all obligations and conditions required by the terms of any debt financings
contemplated to be entered into by the Purchaser to finance the transactions contemplated herein
(including (i) promptly after the date of this Agreement, commencing the preparation of any
necessary offering circular, private placement memorandum, prospectus, registration statement or
other offering documents or marketing materials and negotiating definitive loan documentation, and
(ii) commencing promptly any road show and syndication activities concerning the placement and
syndication of any indebtedness). In the event that such contemplated debt financing will not be
available to the Purchaser to consummate the transactions contemplated herein, the Purchaser shall
(i) promptly notify the Sellers of such fact and (ii) use its commercially reasonable efforts,
until the Termination Date, to obtain alternate financing for the transactions contemplated herein.

          (e) Antitrust Laws. From the date hereof through the date of termination of the
required waiting period under the HSR Act, the Purchaser shall not take any affirmative action that
could reasonably be expected to hinder or delay the obtaining of clearance or the expiration of the
required waiting period under the HSR Act or any other applicable Antitrust Law.

ARTICLE V

REPRESENTATIONS AND WARRANTIES

OF THE SELLERS

     Except as set forth on the Sellers Disclosure Schedule, the Sellers represent and warrant to
the Purchaser, as of the date hereof, as follows:

     5.1 Organization and Corporate Power. Each Seller is a corporation organized, validly
existing and in good standing under the laws of the State of Texas and is qualified to do business
in every jurisdiction in which it is required to be qualified for purposes of conducting the
Business, except to the extent that the failure to be so qualified would not reasonably be expected
to result in a Seller Material Adverse Effect. The Sellers have full corporate power and authority
necessary to own and operate the Business as now conducted.

     5.2 Authorization of Transactions. Each Seller has the full corporate power and
authority to execute and deliver this Agreement and the other Transaction Documents to which it is
a party and to consummate the transactions contemplated hereby and thereby. The board of directors
of each Seller has duly approved this Agreement and the other Transaction Documents to which such
Seller is a party and has duly authorized the execution and delivery of this

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Agreement and such other Transaction Documents and the consummation of the transactions
contemplated hereby and thereby. No other corporate proceedings on the part of any Seller are
necessary to approve and authorize the execution and delivery of this Agreement and the other
Transaction Documents to which such Seller is a party and the consummation of the transactions
contemplated hereby and thereby. This Agreement and all other Transaction Documents to which any
Seller is a party have been duly executed and delivered by such Seller and, assuming that this
Agreement and the other Transaction Documents to which the Sellers are a party constitute the valid
and binding agreement of the other parties hereto and thereto, constitute the valid and binding
agreements of such Seller, enforceable against such Seller in accordance with their respective
terms, subject as to enforceability to applicable bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium and similar laws affecting creditors’ rights and remedies generally and
to general principles of equity (regardless of whether enforcement is sought in a proceeding at law
or in equity).

     5.3 Absence of Conflicts. Except as set forth on the Sellers Conflicts
Schedule and, except for the notification requirements of the HSR Act and any waiting period
related thereto the execution, delivery and performance by the Sellers of this Agreement and the
other Transaction Documents to which they are a party do not, and the consummation by the Sellers
of the transactions contemplated herein and therein will not, (a) violate, conflict with, or result
in any breach of any provision of each Seller’s respective certificates of incorporation or bylaws,
(b) violate, conflict with or result in a violation or breach of, or constitute a default (with or
without due notice or lapse of time or both) under, any of the terms, conditions or provisions of
any mortgage, indenture, lease, loan agreement, license or other material agreement relating to the
Business and to which any Seller is a party or (c) violate any applicable law binding upon the
Sellers, except, with respect to each of clauses (b) and (c), such violations, conflicts, breaches
or defaults as would not be reasonably expected to result in a Seller Material Adverse Effect. No
consent of any Governmental Entity is required by the Sellers in connection with the execution,
delivery and performance by the Sellers of this Agreement and the other Transaction Documents to
which it is a party or the consummation by the Sellers of the transactions contemplated herein or
therein, except for (a) the notification requirements of the HSR Act and any waiting periods
thereunder and (b) such other consents, the failure of which to be obtained or made would not be
reasonably expected to result in a Seller Material Adverse Effect.

     5.4 Financial Statements and Related Matters.

          (a) Financial Statements. Attached to the Financial Statements Schedule are
copies of the Audited Financial Statements, accompanied by a true and correct copy of the report
thereon of PricewaterhouseCoopers LLP, independent public accountants. Attached to the
Financial Statements Schedule are copies of the Business’ unaudited balance sheet (the
“Latest Balance Sheet”) as of March 31, 2007 (the “Balance Sheet Date”) and the
related statements of income and cash flows for the three-month period then ended. Except as set
forth on the Financial Statements Schedule, the financial statements set forth on the
Financial Statements Schedule (together, the “Financial Statements”) are accurate and
complete in all material respects, are consistent with the Sellers’ books and records (which, in
turn, are accurate and complete in all material respects), present fairly the Business’ financial
condition and results of operations as of the times and for the periods referred to therein, and
(except for the monthly unaudited Financial Statements delivered pursuant to Section
4.3(g)) have been prepared in

25

 

accordance with GAAP (except that the unaudited Financial Statements do not contain all
footnotes required under GAAP and are subject to changes resulting from normal year-end adjustments
(which shall not be material individually or in the aggregate)). Furthermore, the Audited
Financial Statements comply with the applicable rules and regulations of the Securities and
Exchange Commission.

          (b) Receivables. The notes and accounts receivable included in the Acquired Assets
are valid receivables, and, to the Knowledge of the Sellers, are subject to no valid counterclaims
or setoffs, at the aggregate amount recorded on the Sellers’ books and records as of the Closing,
net of an amount of allowances for doubtful accounts which relate to those receivables computed in
a manner consistent with GAAP, as modified by the accounting practices used in the preparation of
the Latest Balance Sheet.

     5.5 Absence of Undisclosed Liabilities. Except as disclosed on the Liabilities
Schedule, there is no material liability or obligation of any kind, whether accrued, absolute,
fixed, contingent, or otherwise, of the Sellers with respect to the Business that is not reflected
or reserved against in the Latest Balance Sheet, other than (a) liabilities incurred in the
ordinary course of business consistent with past practice, (b) any such liability or obligation
which would not be required to be presented in financial statements or the notes thereto prepared
in conformity with GAAP, applied in a manner consistent with past practice, in the preparation of
the Financial Statements, (c) liabilities under this Agreement and the other Transaction Documents,
(d) liabilities for fees and expenses incurred in connection with the transactions contemplated by
this Agreement and the other Transaction Documents, (e) the Assumed Liabilities or (f) liabilities,
individually or in the aggregate, would not constitute a Seller Material Adverse Effect.

     5.6 Absence of Certain Developments. Except as set forth on the Developments
Schedule and except as expressly contemplated by this Agreement, since the Balance Sheet Date,
(a) the Sellers have conducted the Business only in the ordinary course consistent with past
practice and (b) nothing has occurred that would have been prohibited by Section 4.2(b) if
the terms of such Section had been in effect as of and after the Balance Sheet Date. Since the
Balance Sheet Date, there has not occurred any result, occurrence, condition, fact, violation,
event or effect of any of the foregoing that would reasonably be expected to result in a Seller
Material Adverse Effect.

     5.7 Assets.

          (a) Except as set forth on the Assets Schedule, the Sellers have good and marketable
title to, or a valid leasehold interest in or right to use, the Acquired Assets, free and clear of
all Liens and restrictions on transfer, except for Permitted Encumbrances and except for assets
disposed of in the ordinary course of business since the Balance Sheet Date. Except for the
Acquired Parts and Equipment and the Warehoused ATM Kiosks and Vcom Kiosks, and except for normal
wear and tear, and except as described on the Assets Schedule, all of the equipment and
other tangible assets included in the Acquired Assets are in good operating condition and are fit
for use in the ordinary course of business, except where the failure to be in such condition or to
be so fit would not be reasonably likely to result in a Seller Material Adverse Effect, and have
been maintained by the Sellers in accordance with the applicable

26

 

maintenance agreement relating to such ATM Kiosks and Vcom Kiosks, which maintenance agreement
shall be an Acquired Asset. ALL WAREHOUSED ATM KIOSKS AND VCOM KIOSKS AND ALL ACQUIRED PARTS AND
EQUIPMENT ARE BEING SOLD AND TRANSFERRED ON AN “AS IS, WHERE IS” BASIS, WITH ALL FAULTS AND
DEFECTS, AND THE SELLERS MAKE NO REPRESENTATION OR WARRANTY, EITHER EXPRESSED OR IMPLIED, OF ANY
KIND AS TO THE CONDITION OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO ANY WAREHOUSED ATM
KIOSKS AND VCOM KIOSKS OR ANY ACQUIRED PARTS AND EQUIPMENT.

          (b) The Asset Schedule contains an accurate and complete list of each ATM Kiosk and
each Vcom Kiosk included in the Acquired Assets as of the date hereof and, as applicable, each date
such Schedule is updated, and accurately identifies for each ATM Kiosk and each Vcom Kiosk at least
the following information: (i) terminal identification number; (ii) whether the device is an ATM
or a Vcom; (iii) whether active or in a warehouse; (iv) whether owned or leased; (v) the store
number (or other identifier as in the case of the Southwest Convenience Stores locations), and
address of each store or warehouse location; (vi) equipment make, model, serial number; (vii)
telecommunications information; (viii) the current surcharge fee for the ATM; (ix) whether or not
each ATM Kiosk and each Vcom Kiosk is compliant with the current Triple Data Encryption Standard;
and (x) for all Vcom Kiosks, a schedule of the current fees charged for the various Vcom products
and services. The Sellers will update the Asset Schedule two Business Days prior to Closing, and
the representation and warranty in the first sentence of this Section 5.7(b) shall apply to
each updated version of such schedule.

          (c) The Lease Schedule contains an accurate and complete list of each leased ATM Kiosk
and each Vcom Kiosk as of the date hereof and, as applicable, each date such Schedule is updated,
and accurately identifies for each leased ATM Kiosk and each Vcom Kiosk at least the following
information: (i) terminal identification number; (ii) whether the device is an ATM or a Vcom;
(iii) whether active or in a warehouse; (iv) the store number (or other identifier as in the case
of Southwest Convenience Stores locations) and address of each warehouse or store location; (v)
equipment make, model and serial number; (vi) end date of the lease; (vii) name of lessor; and
(viii) monthly lease payment. The Sellers will update the Lease Schedule two Business Days
prior to Closing and the representation and warranty in the first sentence of this Section
5.7(c) shall apply to each updated version of such schedule.

     5.8 Taxes. Except as set forth on the Taxes Schedule, (a) the Sellers have
timely filed all Tax Returns relating to the Acquired Assets that are required to be filed and have
timely paid and discharged all Tax obligations shown as due thereon; and (b) there are no Liens
(other than Permitted Encumbrances) on any of the Acquired Assets that arose in connection with any
failure (or alleged failure) to pay any Tax. All Tax Returns and reports filed by the Sellers
relating to the Acquired Assets are true and correct in all material respects. The Sellers
currently are not the beneficiary of any extension of time within which to file any Tax Return
relating to the Acquired Assets. There are no legal, administrative or tax proceedings pursuant to
which the Sellers are or could be made liable for any taxes, penalties, interest or other charges,
the liability of which could extend to the Purchaser as transferee of the Acquired Assets, and, no
event has occurred that could impose on the Purchaser any transferee liability for any taxes,
penalties or interest due or to become due from the Sellers. None of the Acquired Assets is held
in an arrangement that could be classified as a partnership for Tax purposes. No claim has ever
been

27

 

made by a Governmental Authority in a jurisdiction in which the Sellers do not file Tax
Returns that they are or may be required to file a Tax Return in that jurisdiction with respect to
any of the Acquired Assets. None of the Acquired Assets are “tax-exempt use property” (within the
meaning of section 168(h) of the Code) or “tax-exempt bond financed property” (within the meaning
of section 168(g)(5) of the Code).

     5.9 Contracts and Commitments.

          (a) The Excluded Contracts Schedule sets forth all agreements, contracts, orders and
commitments that are related to the Business and that are not Assumed Contracts. All agreements,
contracts, orders and commitments that are material to the Business are set forth on either the
Acquired Contracts Schedule or the Excluded Contracts Schedule.

          (b) Except as disclosed on the Acquired Contracts Schedule, (i) to the Knowledge of
the Sellers, no contract or commitment set forth on the Acquired Contracts Schedule has been
breached or canceled by the other party in any material respect and the Sellers do not have any
Knowledge of any anticipated breach by any other party to any contract set forth on the
Acquired Contracts Schedule, (ii) each Seller has performed in all material respects all
the obligations required to be performed by it in connection with the contracts or commitments set
forth on the Acquired Contracts Schedule and is not in default in any material respect
under or in breach in any material respect of any contract or commitment set forth on the
Acquired Contracts Schedule, and (iii) each such contract or commitment set forth on the
Acquired Contracts Schedule is legal, valid, binding, enforceable and in full force and
effect against the Seller that is a party thereto and will continue as such following the
consummation of the transactions contemplated hereby, subject as to enforceability to applicable
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws
affecting creditors’ rights and remedies generally and to general principles of equity (regardless
of whether enforcement is sought in a proceeding at law or in equity).

          (c) The Sellers have provided the Purchaser with, or provided access to the electronic data
room of the Sellers containing, a true and correct copy of all written contracts set forth on the
Acquired Contracts Schedule, in each case together with all amendments, waivers or other
changes thereto.

     5.10 Proprietary Rights.

          (a) The Proprietary Rights Schedule contains a complete and accurate list of all
material (i) patented or registered Proprietary Rights owned by or licensed to the Sellers that are
used in the Business, (ii) pending patent applications and applications for registrations of other
Proprietary Rights filed by or on behalf of the Sellers, or assigned or licensed to the Sellers, in
each case that are used in the Business, (iii) unregistered trade names, internet domain names and
corporate names owned by the Sellers or issued to the Sellers that are used in the Business, and
(iv) unregistered trademarks and service marks owned by or licensed to the Sellers that are used in
the Business (collectively, all of the foregoing, the “Scheduled Proprietary Rights”). The
Proprietary Rights Schedule also sets forth a complete and accurate list of all material
licenses and other rights granted by the Sellers to any third party with respect to any Proprietary
Rights necessary to the continued operation of the Business and all material licenses and other
rights

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granted by any third party to the Sellers with respect to any Proprietary Rights necessary to
the continued operation of the Business.

          (b) Except as set forth on the Proprietary Rights Schedule, the Sellers own the right
to, or have a written license to use pursuant to an agreement set forth on the Acquired
Contracts Schedule, the items in the Proprietary Rights Schedule necessary for the
operation of the Business as presently conducted by the Sellers (collectively, the “Business
Intellectual Property”). Except as set forth on the Proprietary Rights Schedule, the
loss or expiration of any Proprietary Rights or related group of Proprietary Rights owned or used
by the Sellers in the Business has not resulted in a Seller Material Adverse Effect and is not
pending or, to the Knowledge of the Sellers, threatened or reasonably foreseeable. The Business
Intellectual Property is not subject to any Lien (except Permitted Encumbrances), nor any
restrictions or limitations on use or disclosure other than as set forth in an agreement described
in the Acquired Contracts Schedule.

          (c) Except as set forth on the Proprietary Rights Schedule, the Sellers have not
infringed upon or misappropriated Proprietary Rights of any third parties in connection with the
Business, and to the Knowledge of the Sellers, no third party has infringed upon or misappropriated
any Scheduled Proprietary Rights.

     5.11 Litigation; Proceedings. Except as set forth on the Litigation Schedule,
as of the date of this Agreement, there are no claims, actions, suits, inquiries, investigations,
judicial or administrative proceedings, grievances or arbitrations pending or, to the Knowledge of
the Sellers, threatened against, affecting or arising out of the conduct of the Business or
affecting any Acquired Assets at law or in equity, or before or by any Governmental Entity
(including, without limitation, with respect to the transactions contemplated by this Agreement or
the other Transaction Documents) that would reasonably be expected to result in a Seller Material
Adverse Effect, and to the Knowledge of the Sellers, there are no facts or circumstances that are
reasonably likely to give rise to any such claims, actions, suits, inquiries, investigations,
judicial or administrative proceedings, grievances or arbitrations.

     5.12 Brokerage. Except as set forth on the Brokerage Schedule, there are no
claims for brokerage commissions, finders’ fees or similar compensation in connection with the
transactions contemplated by this Agreement based on any arrangement or agreement made by or on
behalf of the Sellers to which the Purchaser could become liable or otherwise obligated.

     5.13 Governmental Licenses and Permits. The Permits Schedule contains a
complete listing of all material Licenses owned or possessed directly by the Sellers and related to
the Business. Except as indicated on the Permits Schedule and except for any Licenses used
in the Business that are owned or possessed by third party vendors associated with the Business,
the Sellers own or possess all right, title and interest in and to all of the Licenses that are
necessary to conduct the Business as presently conducted by the Sellers, except where the failure
to own or possess such Licenses would not be reasonably likely to result in a Seller Material
Adverse Effect. No loss or expiration of any such License is, to the Knowledge of the Sellers,
threatened, pending or reasonably foreseeable other than expiration in accordance with the terms
thereof.

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     5.14 Employee Matters. The Business Employees Schedule identifies (including
the name, date of hire, position, full-time or part-time status and active or on-leave status) the
current employees of each Seller the primary responsibility of whom is to work in the Business
(collectively the “Business Employees”). Neither Seller has any Knowledge of any
organizational effort presently being made or threatened by or on behalf of any labor union with
respect to Business Employees. The Sellers have complied with all applicable Laws relating to the
employment of labor, including, without limitation those relating to wages, hours and collective
bargaining with respect to Business Employees. Without limiting the foregoing, the Sellers have
not committed any violations of the Age Discrimination in Employment Act of 1967, as amended, Title
VII of the Civil Rights Act of 1964, as amended, applicable workers’ compensation provisions, the
Equal Pay Act, the Fair Labor Standards Act, the Employee Retirement Income Security Act of 1974,
the Civil Rights Act of 1991, the Family and Medical Leave Act of 1993, the Americans with
Disabilities Act of 1990, the Occupational Safety and Health Act, and the Worker Adjustment and
Retraining Notification Act, federal and/or state employment, anti-discrimination, retaliation,
income, unemployment or social security withholding laws with respect to any Business Employees.
No unfair labor practice complaint or sex, age, race or other discrimination claim has been brought
during the last three (3) years against the Sellers before the National Labor Relations Board, the
Equal Employment Opportunity Commission or any other Governmental Authority with respect to any
Business Employees, and to the Knowledge of the Sellers, there are no facts or circumstances that
are reasonably likely to give rise to any such claims.

     5.15 Employee Benefit Matters.

          (a) Except as set forth on the Employee Benefits Schedule and with respect to the Business,
neither Seller maintains, contributes to or has any liability or potential liability with respect
to (i) any employee benefit plan (as defined in Section 3(3) of ERISA) or (ii) any other material
plan, program, policy, practice, arrangement or contract providing benefits or payments to current
or former Business Employees (or to their beneficiaries or dependents), including any bonus plan,
plan for deferred compensation, nonqualified retirement plan, severance plan, employee health or
other welfare benefit plan or other arrangement. Each item listed on the Employee Benefits
Schedule is referred to herein as a “Sellers Employee Benefit Plan.”

          (b) With respect to each Sellers Employee Benefit Plan, the Sellers have provided the
Purchaser with, or provided access to the electronic data room of the Sellers containing, true,
complete and correct copies of all material documents pursuant to which the Sellers Employee
Benefit Plan is maintained, funded and administered and the most recent determination letter
received from the Internal Revenue Service.

     5.16 Compliance with Laws. Solely with respect to (a) the Business and (b) such
instances where compliance with applicable laws, regulations and ordinances of Governmental
Entities (“Laws”) has not been delegated to, or assumed by, third parties, as of the date
of this Agreement, each Seller has complied in all material respects, and is in compliance in all
material respects, with all Laws that are material to the Business and to which such Seller may be
subject except where such noncompliance would not be reasonably likely to result in a Seller
Material Adverse Effect. The Sellers have not received any notice from any Governmental Authority
of any violation of any Law with respect to the Acquired Assets or the Business , which notice is

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still outstanding and unresolved, and to the Knowledge of the Sellers, the Sellers are not
under investigation by any Governmental Authority with respect to any such material violation.

     5.17 Convenience Store Business. The Sellers do not have any current plans or
intentions to exit the convenience store business or to materially reduce the aggregate number of
convenience stores that it operates or franchises.

     5.18 Theft. Except as set forth on Loss Schedule, since April 1, 2005, the Sellers
have not experienced any theft of any ATM Kiosk or Vcom Kiosk at any of its stores and/or the theft
of Vault Cash from any ATM Kiosk or Vcom Kiosk. To the extent the Sellers have had any such
thefts, the Loss Schedule identifies the date of such loss, the store at which such loss occurred,
a brief description of the nature of the loss, and the dollar amount of such loss.

ARTICLE VI

REPRESENTATIONS AND WARRANTIES

OF THE PURCHASER

     Except as set forth on the Purchaser Disclosure Schedule, the Purchaser hereby
represents and warrants to the Sellers, as of the date hereof, as follows:

     6.1 Organization and Corporate Power. The Purchaser is a limited partnership duly
organized, validly existing and in good standing under the laws of the State of Delaware and is
qualified to do business in every jurisdiction in which it is required to be qualified for purposes
of conducting its business and operations, except to the extent that the failure to be so qualified
would not reasonably be expected to result in a Purchaser Material Adverse Effect. The Purchaser
has full power and authority and all Licenses necessary to own and operate its business and
operations as now conducted.

     6.2 Authorization of Transaction. The Purchaser has the full corporate power and
authority to execute and deliver this Agreement and the other Transaction Documents to which it is
a party and to consummate the transactions contemplated hereby and thereby. The board of directors
of the Purchaser has duly approved this Agreement and the other Transaction Documents to which the
Purchaser is a party and has duly authorized the execution and delivery of this Agreement and such
other Transaction Documents and the consummation of the transactions contemplated hereby and
thereby. No other corporate proceedings on the part of the Purchaser are necessary to approve and
authorize the execution and delivery of this Agreement and the other Transaction Documents to which
the Purchaser is a party and the consummation of the transactions contemplated hereby and thereby.
This Agreement and all other Transaction Documents to which the Purchaser is a party have been duly
executed and delivered by the Purchaser and, assuming that this Agreement and the other Transaction
Documents to which the Purchaser is a party constitute the valid and binding agreement of the other
Parties hereto and thereto, constitute the valid and binding agreements of the Purchaser,
enforceable against the Purchaser in accordance with their respective terms, subject as to
enforceability to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium and similar laws affecting creditors’ rights and remedies generally and to general
principles of equity (regardless of whether enforcement is sought in a proceeding at law or in
equity).

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     6.3 Absence of Conflicts. Except as set forth on the Purchaser Conflicts
Schedule, and except for the notification requirements of the HSR Act, the execution, delivery
and performance of this Agreement and the other Transaction Documents and the consummation of the
transactions contemplated thereby by the Purchaser do not and shall not (a) conflict with or result
in any breach of any of the terms, conditions or provisions of, (b) constitute a default under, (c)
result in a violation of, (d) give any third party the right to modify, terminate or accelerate any
right, license or obligation under, (e) result in the creation of any Lien (except for any
Permitted Encumbrances) upon the Acquired Assets under or (f) require any authorization, consent,
approval, exemption or other action by or notice or declaration to, or filing with, any
Governmental Entity under, the provisions of the limited partnership agreement of the Purchaser or
any indenture, mortgage, loan agreement, license or other material agreement or instrument to which
the Purchaser is a party, or any law, statute, rule or regulation to which the Purchaser is subject
or any judgment, order or decree to which the Purchaser is subject; provided, that each of
the aforementioned prohibitions shall not include any such prohibitions that would not reasonably
be expected to result in a Purchaser Material Adverse Effect.

     6.4 Litigation. As of the date of this Agreement, there are Claims pending or, to the
Knowledge of the Purchaser, threatened against or affecting the Purchaser at law or in equity, or
before or by any Governmental Entity (including, without limitation, any Claims with respect to the
transactions contemplated by this Agreement) which would adversely affect the Purchaser’s
performance under this Agreement and the other Transaction Documents to which the Purchaser is a
party or the consummation of the transactions contemplated hereby or thereby.

     6.5 Brokerage. There are no claims for brokerage commissions, finders’ fees or
similar compensation in connection with the transactions contemplated by this Agreement based on
any arrangement or agreement made by or on behalf of the Purchaser to which either of the Sellers
could become liable or otherwise obligated.

     6.6 Availability of Funds. At Closing, the Purchaser will have sufficient cash,
available lines of credit or other sources of immediately available funds or written commitments
for the foregoing to enable it to pay the Purchase Price and all other amounts to be paid by it
under this Agreement. The consummation of the transactions contemplated hereunder, including the
Purchaser’s payment of the Purchase Price and all other amounts due under this Agreement, will not
render the Purchaser insolvent or otherwise jeopardize the Purchaser’s ability to pay its debts as
they come due in the normal course.

     6.7 HSR Act. As of the date of this Agreement, the Purchaser does not have any
Knowledge of any fact or circumstance that could reasonably be expected to hinder or delay the
obtaining of clearance or the expiration of the required waiting period under the HSR Act or any
other applicable Antitrust Law.

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ARTICLE VII

TERMINATION

     7.1 Termination. This Agreement may be terminated at any time prior to the Closing:

          (a) by mutual written consent of 7-Eleven and the Purchaser;

          (b) by either 7-Eleven or the Purchaser:

               (i) in the event of a breach by the other Party of any representation, warranty,
covenant or agreement contained in this Agreement which (A) would give rise to the failure
of a condition to the Closing hereunder and (B) cannot be or has not been cured within the
lesser of 30 days or the occurrence of the Termination Date (the “Cure Period”)
following receipt by the breaching party of written notice of such breach from the other
Party hereto; provided, however, that there shall be no Cure Period for the
Purchaser’s failure to enter into the Replacement Vault Cash Facility on or prior to the
Closing Date or for the Purchaser’s failure to obtain all funds on or prior to the Closing
Date necessary to pay the Cash Portion and all fees and expenses related to the transactions
contemplated by this Agreement and the other Transaction Documents (either of which failures
shall constitute a material breach hereunder);

               (ii) if a court of competent jurisdiction or other Governmental Entity shall have
issued an order, decree, or ruling or taken any other action (which order, decree or ruling
the Parties hereto shall use their best efforts to lift), in each case permanently
restraining, enjoining or otherwise prohibiting the transactions contemplated by this
Agreement, and such order, decree, ruling or other action shall have become final and
nonappealable; or

               (iii) if the Closing shall not have occurred by the later of 5:00 p.m. Central Time on
July 31, 2007 (the “Termination Date”); provided, however, that the
right to terminate this Agreement under this clause (iii) shall not be available to either
Party whose breach of this Agreement has been the cause of, or resulted in, the failure of
the Closing to occur on or before such date.

     7.2 Effect of Termination; Specific Performance.

          (a) Subject to the provisions of Section 7.2(b) and 7.2(c) below, in the event
of a termination of this Agreement by either the Sellers or the Purchaser as provided above, there
shall be no liability on the part of either the Purchaser or the Sellers with respect to this
Agreement, except for liability arising out of a breach of this Agreement. Article I,
Article VII, Section 9.5 and Article X shall survive the termination of
this Agreement.

          (b) The Parties hereby agree that the Sellers shall be entitled to receive as the Sellers’
sole and exclusive remedy and recourse, liquidated damages in an amount equal to $2,500,000 if (i)
the Purchaser and the Sellers terminate this Agreement in accordance with Section 7.1(b)(i)
or (ii) either Sellers or Purchaser terminates pursuant to Section 7.1(b)(iii), while (a)
the Purchaser is in breach of any representation, warranty, covenant or agreement

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contained in this Agreement, (b) the condition set forth in Section 3.2(d) is
unsatisfied and not waived by the Purchaser or (c) any of the conditions of Section 3.3 are
unsatisfied and not waived by Seller.

          (c) The Parties hereby agree that if the Sellers breach any covenant or agreement contained in
this Agreement and such breach has not been waived in writing by the Purchaser, it would be
difficult to determine the entire cost, damage or injury which the Purchaser would sustain. The
Sellers acknowledge that if they breach any covenant or agreement contained in this Agreement prior
to Closing, the Purchaser may have no adequate remedy at law. In that event, the Purchaser shall
have the right, in addition to the right to terminate this Agreement pursuant to Section
7.1(b)(i) and any other rights that may be available to it, to obtain in any court of competent
jurisdiction equitable relief to compel specific performance by the Sellers or its Affiliates of
one or more of their obligations under this Agreement (any requirements for posting of bonds are
hereby expressly waived).

     7.3 Return of Documentation. Following a termination of this Agreement in accordance
with Section 7.1, the Purchaser shall (a) return all agreements, documents, contracts,
agreements, instruments, books, records, materials and all other information relating to the
Business, the Assumed Contracts and the Assumed Liabilities provided to the Purchaser by the
Sellers or any of its representatives (and the provisions of the Confidentiality Agreement shall
apply to all such materials) and (b) destroy all analyses, compilations, data, studies, notes,
interpretations, memoranda or other documents prepared by the Purchaser or its respective
Affiliates or representatives (including in electronic form) that refer to, relate to, discuss,
contain or are based on, in whole or in part, any information or documentation set forth in clause
(a).

ARTICLE VIII

INDEMNIFICATION AND RELATED MATTERS

     8.1 Survival. All representations and warranties set forth in this Agreement or in
any writing or certificate delivered in connection with this Agreement shall survive for a period
of eighteen (18) months from and after the Closing Date, provided that the representations and
warranties set forth in Sections 5.1, 5.2, 5.3 (but only with respect to
clause (a) thereof), 6.1, 6.2 and 6.3 shall survive until the expiration of
the applicable statute of limitations (such date, the “Applicable Limitation Date”). The
covenants and agreements of the Parties set forth in this Agreement, to the extent that, by their
terms, they are to be performed or complied with (a) prior to the Closing Date, shall expire at the
Closing and (b) after the Closing, shall expire in accordance with their terms and on the
expiration of all applicable statutes of limitations affecting such covenant or agreement. If a
claim for indemnification is made in accordance this Article VIII before the applicable
survival period set forth in this Section 8.1, then (notwithstanding the survival period)
the representation, warranty, covenant or agreement applicable to such claim will survive until the
resolution of such claim by final, nonappealable judgment or settlement.

     8.2 Indemnification.

          (a) Subject to the limitations contained herein, from and after the Closing, the Sellers
shall, jointly and severally, indemnify the Purchaser and each of its officers, directors,

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stockholders, employees, agents, representatives, Affiliates, successors and assigns
(collectively, the “Purchaser Parties”) from and against any and all Claims arising in
favor of or brought by any of the Purchaser Parties, or by any Governmental Entity or any other
third party, based upon, in connection with, relating to or arising out of:

               (i) the breach of any representation or warranty (which breach has not been previously
waived in writing by the Purchaser) made by the Sellers contained in this Agreement or any
certificate delivered by the Sellers to the Purchaser with respect thereto in connection
with the Closing;

               (ii) the breach of any covenant or agreement (which breach has not been previously
waived in writing by the Purchaser) made by the Sellers contained in this Agreement or any
certificate delivered by the Sellers to the Purchaser with respect thereto in connection
with the Closing; or

               (iii) any Excluded Liabilities.

          (b) The indemnification provided for in Section 8.2(a) is subject to the following
limitations:

               (i) The Sellers will be liable to the Purchaser Parties with respect to Claims referred
to in Section 8.2(a)(i) only if the Purchaser gives the Sellers written notice
thereof on or prior to the Applicable Limitation Date;

               (ii) The Sellers shall not be liable to indemnify and hold harmless the Purchaser
Parties with respect to Claims referred to in Section 8.2(a)(i) until the Purchaser
Parties have first suffered, sustained or incurred aggregate losses with respect to claims
referred to in Section 8.2(a)(i) in excess of $1,000,000 (the “Loss
Threshold”) at which point the Sellers will be liable to indemnify the Purchaser Parties
and hold them harmless from and against all such Claims in excess of the Loss Threshold,
subject to the limitations on recovery and recourse set forth in this Section 8.2;
and

               (iii) The aggregate amount of all payments made by the Sellers in satisfaction of
claims for indemnification pursuant to Section 8.2(a) and any Known Breaches shall
not exceed $13,000,000 (the “Cap”).

So long as the Purchaser delivers written notice of a Claim to the Sellers no later than the
Applicable Limitation Date, the Sellers shall be required to indemnify the Purchaser Parties
(subject to the conditions and limitations contained herein) regardless of when incurred.
Notwithstanding the foregoing, in the event that the Purchaser delivers written notice of Known
Breaches to the Sellers prior to Closing as set forth in Section 3.2(a), but still
consummates the transactions contemplated hereunder, the Purchaser shall be entitled to
indemnification with respect to any such Known Breach without regard to any of the limitations set
forth in Section 8.2(b)(ii).

          (c) From and after the Closing, the Purchaser shall indemnify, protect, defend, pay and hold
harmless each Seller and each of the Seller Parties from and against any and all

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Claims arising in favor of or brought by any of the Sellers Parties, or by any Governmental
Entity or any other third party, based upon, in connection with, relating to or arising out of:

               (i) the breach of any representation or warranty (which breach has not been waived in
writing by the Sellers) made by the Purchaser contained in this Agreement or any certificate
delivered by the Purchaser to either Seller with respect thereto in connection with the
Closing;

               (ii) the breach of any covenant or agreement (which breach has not been waived in
writing by the Sellers) made by the Purchaser contained in this Agreement or any certificate
delivered by the Purchaser to either Seller with respect thereto in connection with the
Closing; or

               (iii) any Assumed Liabilities.

          (d) The indemnification provided for in Section 8.2(c) is subject to the following
limitations:

               (i) The Purchaser will be liable to the Seller Parties with respect to Claims referred
to in Section 8.2(c)(i) only if either Seller gives the Purchaser written notice
thereof on or prior to the Applicable Limitation Date.

               (ii) The Purchaser shall not be liable to indemnify and hold harmless the Seller
Parties with respect to Claims referred to in Section 8.2(c)(i) until the Seller
Parties have first suffered, sustained or incurred aggregate losses with respect to claims
referred to in Section 8.2(c)(i) in excess of the Loss Threshold, at which point the
Purchaser will be liable to indemnify the Seller Parties and hold them harmless from and
against all such Claims in excess of the Loss Threshold, subject to the limitations on
recovery and recourse set forth in this Section 8.2;

               (iii) The aggregate amount of all payments made by the Purchaser in satisfaction of
claims for indemnification pursuant to Section 8.2(c) shall not exceed the Cap.

So long as either Seller delivers written notice of a Claim to the Purchaser no later than the
Applicable Limitation Date, the Purchaser shall be required to indemnify the Seller Parties
(subject to the conditions and the limitations contained herein) regardless of when incurred.

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          (e) A person entitled to indemnification under this Agreement (an “Indemnified
Person”) shall give prompt written notice to any Person who is obligated to provide
indemnification under this Agreement (an “Indemnifying Party”) of the commencement or
assertion of any Claim by a third party (collectively, a “third-party action”) in respect
of which such Indemnified Person shall seek indemnification hereunder. Any failure so to notify an
Indemnifying Party shall not relieve such Indemnifying Party from any liability that such
Indemnifying Party may have to such Indemnified Person under this Article VIII unless the
failure to give such notice materially and adversely prejudices such Indemnifying Party. The
Indemnifying Party shall have the right to control of the defense of, settle, or otherwise dispose
of such third-party action on such terms as it deems appropriate; provided,
however, that:

               (i) The Indemnified Person shall be entitled, at its own expense, to participate in the
defense of such third-party action; provided, however, that the Indemnifying
Party shall be required to pay the attorneys’ fees of the Indemnified Person only if (A) the
employment of separate counsel shall have been authorized in writing by any Indemnifying
Party in connection with the defense of such third-party action, (B) the Indemnified
Person’s counsel shall have advised the Indemnified Person in writing, with a copy delivered
to the Indemnifying Party, that there may be material defenses available to such Indemnified
Person that are different from or in addition to those available to the Indemnifying Party
or (C) the Indemnified Person’s counsel shall have advised the Indemnified Person in
writing, with a copy delivered to the Indemnifying Party, that there is a material conflict
of interest that could violate applicable standards of professional conduct to have common
counsel;

               (ii) The Indemnifying Party shall obtain the prior written approval of the Indemnified
Person before entering into or making any settlement, compromise, admission or
acknowledgment of the validity of such third-party action or any liability in respect
thereof if, pursuant to or as a result of such settlement, compromise, admission or
acknowledgment, injunctive or other equitable relief would be imposed against the
Indemnified Person;

               (iii) No Indemnifying Party shall consent to the entry of any judgment or enter into
any settlement that does not include as an unconditional term thereof the giving by each
claimant or plaintiff to each Indemnified Person of a release from all liability in respect
of such third-party action; and

               (iv) The Indemnifying Party shall not be entitled to control (but shall be entitled to
participate at its own expense in the defense of), and the Indemnified Person shall be
entitled to have sole control over, the defense or settlement, compromise, admission or
acknowledgment of any third-party action (A) as to which the Indemnifying Party fails to
assume the defense within a reasonable length of time or (B) to the extent the third-party
action seeks an order, injunction or other equitable relief against the Indemnified Person
which, if successful, would materially adversely affect the business, operations, assets or
financial condition of the Indemnified Person; provided, however, that the
Indemnified Person shall make no settlement, compromise, admission or acknowledgment that
would give rise to liability on the part of any Indemnifying Party without the prior written
consent of such Indemnifying Party.

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          (f) The obligation of the Indemnifying Party to indemnify any Indemnified Party against any
Claim arising under this Article VIII shall be reduced by the amount of any insurance
proceeds receivable by the Indemnified Person.

          (g) To the extent it is determined (either by a final nonappealable judgment by a court of
competent jurisdiction or by mutual written agreement of the Parties) that the Purchaser is
entitled to indemnification pursuant to this Article VIII following the operation of the
procedures set forth in subsection (c) above, if the Sellers have not made payment of such amount
within 10 calendar days of such judgment or agreement, any amounts payable in respect of such
indemnification may be offset by the Purchaser against any payment obligations of Purchaser under
the Placement Agreement.

          (h) For purposes of determining whether a Seller or the Purchaser shall be required to
indemnify a Purchaser Party or a Seller Party, respectively, each representation and warranty
contained in this Agreement for which indemnification can be or is sought hereunder shall be read
(including for purposes of determining whether a breach of such representation or warranty has
occurred) without regard to materiality (including a Seller Material Adverse Effect or a Purchaser
Material Adverse Effect) qualifications that may be contained therein.

          (i) Each Purchaser Party, Seller and Indemnified Person shall take and shall cause their
respective Affiliates to take reasonable steps to mitigate and otherwise minimize the losses
arising from any Claim upon and after becoming aware of any event which would reasonably be
expected to give rise to any Claim.

          (j) Each of the Sellers and the Purchaser acknowledges and agrees that, after the Closing,
notwithstanding any other provision of this Agreement to the contrary, the sole and exclusive
remedy of the Purchaser Parties and the Seller Parties with respect to Claims or otherwise,
including those set forth in Section 8.2, in connection with, arising out of or resulting
from the subject matter of this Agreement and the transactions contemplated hereby shall be in
accordance with, and limited solely to indemnification under, the provisions of this Article VIII.

          (k) The Sellers and the Purchaser shall treat any payments that the Purchaser or the Sellers
receive pursuant to this Article VIII as an adjustment to or refund of the Purchase Price
for federal Tax purposes, unless a final determination (which shall include the execution of a Form
870-AD or successor form) with respect to the Purchaser and the Sellers causes such payment not to
be treated as an adjustment to or refund of the Purchase Price for federal Tax purposes.

          (l) Each Party shall cooperate, and cause their respective Affiliates and representatives to
cooperate in the defense or prosecution of any third-party action and shall furnish or cause to be
furnished such records, information and testimony (subject to any applicable confidentiality
agreement), and attend such conferences, discovery proceedings, hearings, trials or appeals as may
be reasonably requested in connection therewith.

          (m) No Party shall be liable for any punitive, special, indirect or consequential damages or
lost profits arising out of, based upon or resulting from the transactions contemplated

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by this Agreement or any breach of any representation or warranty in this Agreement, unless
such damages are awarded in connection with a Claim by a third party.

ARTICLE IX

ADDITIONAL AGREEMENTS

     9.1 Continuing Assistance. Subsequent to the Closing, the Sellers and the Purchaser
(at their own cost) shall assist each other (including making records available) in the preparation
of their respective Tax Returns and the filing and execution of Tax elections, if required, as well
as any audits or litigation that ensue as a result of the filing thereof, to the extent that such
assistance is reasonably requested.

     9.2 Tax Matters.

          (a) Apportionment of Ad Valorem and Property Taxes.

               (i) All ad valorem taxes, real property taxes, personal property taxes and similar
obligations (“Property Taxes”) attributable to the Acquired Assets with respect to
the tax period in which the Closing Date occurs shall be apportioned as of the Closing Date
among the Sellers and the Purchaser determined by prorating such Property Taxes on a daily
basis over the entire tax period. For purposes of this Agreement, “prorated” or
prorating” shall mean the allocation to each of the Sellers and the Purchaser, as
the case may be, of the portion of the Property Taxes equal to the amount of such Property
Taxes multiplied by a fraction, the numerator of which is the number of calendar days that
the Acquired Assets were owned by the Sellers or the Purchaser, as the case may be, and the
denominator of which is the number of calendar days in the year in question.

               (ii) The Sellers have or will have rendered and will pay to the taxing authorities all
Property Taxes that are required to be rendered prior to the Closing on the Acquired Assets
for the calendar year ending December 31, 2007. The Purchaser shall render and pay or cause
to be paid to the taxing authorities all Property Taxes that are required to be rendered
subsequent to the Closing on the Acquired Assets for the calendar year ending December 31,
2007. The Purchaser and the Sellers hereby agree that the aggregate amount of Property
Taxes due and payable on the Acquired Assets for the calendar year ending December 31, 2007
is $882,978 and liability for such amount shall be prorated between the Sellers and the
Purchaser. The Sellers shall send to the Purchaser a statement setting forth such proration
of the Property Taxes as of the Closing Date. Any amounts paid or estimated to be paid to
the taxing authorities in respect of Property Taxes by each of the Sellers and the Purchaser
shall be credited to the amount owed to the other party in respect of such prorated amount
of Property Taxes. At Closing, either the Sellers or the Purchaser, as appropriate, shall
pay to the other party the balance of any amounts due in respect of prorated Property Taxes
over and above such credited amounts.

          (b) Transfer Taxes. The Purchaser shall be responsible for and shall pay (or remit to
the Sellers for payment if required by applicable legal requirements) all transfer,

39

 

documentary, sales, use, stamp, recording, registration, and other similar Taxes and fees
(including any penalties and interest thereon), if any, required to be paid in connection with the
sale of the Acquired Assets pursuant to this Agreement.

     9.3 Public Announcements. Unless otherwise permitted by this Agreement, the Sellers
and the Purchaser and their Affiliates shall consult with each other before issuing any press
release or otherwise making any public statement or making any other public (or non-confidential)
disclosure (whether or not in response to an inquiry) regarding the terms of this Agreement or any
of the transactions contemplated hereby, and neither shall issue any such press release or make any
such statement or disclosure without the prior approval of the other, except as may be required by
applicable law or by obligations pursuant to any listing agreement with any domestic or foreign
securities exchange or with the NASD, in which case the Party proposing to issue such press release
or make such public statement or disclosure shall use commercially reasonable efforts to consult
with the other Party before issuing such press release or making such public statement or
disclosure. Notwithstanding the foregoing, the Parties acknowledge that a joint press release will
be issued at Closing, and will reasonably cooperate in preparing such press release.

     9.4 Further Transfers. The Sellers shall execute and deliver such further instruments
of conveyance and transfer and take such additional action as the Purchaser may reasonably request
to effect, consummate, confirm or evidence the transfer to the Purchaser of the Acquired Assets and
any other transactions contemplated hereby. The Purchaser shall execute and deliver such further
instruments of conveyance and transfer and take such additional action as the Sellers may
reasonably request to effect, consummate, confirm or evidence the transfer to the Purchaser of the
Acquired Liabilities and any other transactions contemplated hereby.

     9.5 Expenses. Except as otherwise provided herein, the Sellers and the Purchaser
shall pay all of their own fees, costs and expenses (including, without limitation, fees, costs and
expenses of legal counsel, investment bankers, brokers or other representatives and consultants and
appraisal fees, costs and expenses) incurred in connection with the negotiation of this Agreement
and the other agreements contemplated hereby, the performance of their obligations hereunder and
thereunder, and the consummation of the transactions contemplated hereby and thereby.

     9.6 Restrictive Covenants.

          (a) Non-Competition. From and after the Closing until the expiration of the term of
the Placement Agreement, and any extensions thereto, the Sellers shall not, and shall cause each of
their respective then-current majority-owned subsidiaries and each of their respective then-current
employees (collectively, the “Non-Competition Group”) not to, engage in any Competing
Business. The Sellers hereby agree that the Sellers shall not, and shall cause members of the
Non-Competition Group not to, take any action, directly or indirectly, intended to enable it to
avoid its obligations under this Section 9.6. For purposes of this Agreement, the term
“Competing Business” means the business of owning or operating ATM Kiosks or Vcom Kiosks
outside of 7-Eleven stores and within the United States of America. Notwithstanding the foregoing,
nothing contained in this Agreement shall prohibit the Sellers or members of the Non-

40

 

Competition Group from owning securities of any corporation which are either traded on a
national securities exchange or quoted on the automated quotation system of the National
Association of Securities Dealers, Inc.; provided, that (i) the Sellers or members of the
Non-Competition Group are not deemed to be an “affiliate” of such entity as such term is used in
Rule 145 under the Securities Act of 1933, and (ii) the Seller and members of the Non-Competition
Group do not own or hold more than five percent (5%) of any voting securities of such entity.

          (b) Mutual Non-Solicitation. During the period beginning on the Closing Date and
ending on the first anniversary of the Closing Date, none of the Parties shall directly or
indirectly through another Person (i) induce or attempt to induce any employee of the other Party
who, during the course of employment with such Party or its Subsidiaries, has had as his or her
primary responsibility to work in the Business (each, an “Employee”) to leave the employ of
such Party or in any way interfere with the relationship between such Party and any Employee
thereof, (ii) hire any person who is or has been an Employee for the other Party within the
previous 180 days or (iii) induce or attempt to induce any customer, supplier, licensee, licensor,
franchisee or other business relation of the other Party (whose relation is primarily related to
the Business) to cease doing business with such Party, or materially and adversely interfere with
the relationship between any such customer, supplier, licensee or business relation and such Party;
provided, however, that notwithstanding anything contained in this Section
9.6 to the contrary, no Party shall be deemed to be in breach of this Section 9.6 as
the result of a solicitation through a general advertising campaign.

          (c) Remedy for Breach. The Parties acknowledge and agree that in the event of a
breach by the other Party of the provisions of Section 9.6, monetary damages shall not
constitute a sufficient remedy. Consequently, in the event of any such breach, the Sellers, the
Purchaser and/or their respective successors or assigns may, in addition to other rights and
remedies existing in their favor, apply to any court of law or equity of competent jurisdiction for
specific performance and/or injunctive or other relief in order to enforce or prevent any
violations of the provisions hereof, in each case without the requirement of posting a bond or
proving actual damages. The restrictions in this Section 9.6 are severable and separate,
and the unenforceability of any specific limitation or restriction shall not affect any other
limitation or restriction. Moreover, in the event any court of competent jurisdiction shall
determine that the scope, time or territorial restrictions set forth are unreasonable, then it is
the intention of the Parties hereto that such restrictions be enforced to the fullest extent which
the court deems reasonable, and this Agreement shall thereby be reformed.

     9.7 Vault Cash and Replacement Vault Cash Facility. The cash located in each of the
ATM Kiosks and Vcom Kiosks that is owned by the Sellers is referenced herein as the “Gap
Cash”. The cash located in each of the ATM Kiosks and Vcom Kiosks that is owned by Wells Fargo
Bank, N.A. (“Wells Fargo”) is referenced herein as the “Vault Cash” and has been
placed in the ATM Kiosks and Vcom Kiosks pursuant to the Cash Purchase Agreement between Wells
Fargo and the Sellers. In no event will the Vault Cash constitute any part of the Acquired Assets.
Prior to the Closing, the Purchaser shall negotiate and enter into an arrangement or contract with
a financial institution to provide Vault Cash from and after the Closing (the “Replacement
Vault Cash Facility”) such that at no time shall there be an interruption in the provision of
Vault Cash to the Business.

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     9.8 Employee Matters. The Sellers have provided to the Purchaser as of the date
hereof a list of employees of the Sellers associated with the Business setting forth the status of
such employees and their compensation, who will be full-time, active employees on the Closing Date,
including those on temporary leave for jury duty, family and short-term medical leave, vacation or
military duty. Within thirty (30) days of the date hereof, the Purchaser shall provide to Sellers
a list of such employees to whom the Purchaser would like to consider for employment (the
“Employee List”), and the Purchaser shall have the right to contact and negotiate potential
terms of employment with the individuals on the Employee List. Employees of the Sellers who accept
offers of employment with Purchaser and become employees of Purchaser at the time of Closing shall
be referred to herein as “Transferred Employees.” Employees of the Sellers not offered
employment, or who decline employment, and Transferred Employees who do not report for work with
Purchaser shall remain the responsibility of the Sellers. The Sellers shall also be responsible
for any Liabilities arising from the termination of the Transferred Employees’ employment with the
Sellers. Except as expressly provided otherwise herein, the terms of the Transferred Employees’
employment shall be upon such terms and conditions as the Purchaser, in its sole discretion, shall
determine. The Purchaser shall count and credit each Transferred Employee’s years of service with
the Sellers for purposes of eligibility to participate in any benefits generally available to
Purchaser’s employees. This provision shall not be construed to create any third party
beneficiaries nor to vest any rights in parties other than those signatories to this Agreement.

     9.9 Allocation of Purchase Price. Within 60 days of the date of this Agreement, the
Purchaser and the Sellers shall negotiate in good faith and mutually agree on a schedule (the
“Purchase Price Allocation Schedule”) of the allocation (the “Allocation”) of the
Purchase Price and the Assumed Liabilities among the Acquired Assets pursuant to the provisions of
Section 1060 of the Code and the Treasury Regulations promulgated thereunder. Upon any adjustment
of the Purchase Price pursuant to this Agreement, the Parties shall amend the allocation as
provided in Treasury Regulation Section 1.1060-1. The Sellers and the Purchaser shall not take any
position on their respective Tax returns that is inconsistent with the Allocation of the Purchase
Price as set forth in the Purchase Price Allocation Schedule, as amended. The Sellers and
the Purchaser shall duly prepare and timely file Internal Revenue Service Form 8594 and any
comparable state, local or foreign forms (including any successor forms) (collectively the
“1060 Forms”) and any required attachments thereto required under Section 1060 of the Code,
the Treasury Regulations promulgated thereunder or any provisions of state, local, or foreign law
in accordance with the Allocation among the Assets as set forth in the Purchase Price Allocation
Schedule, as amended. The Parties shall cooperate in the preparation of any 1060 Forms and shall
file such 1060 Forms in the manner required by applicable law.

     9.10 Third Party Consents. As set forth in Section 4.2(d), the Sellers are
obligated to use their commercially reasonable efforts to obtain the consent or approval from any
Person that is a counterparty to a contract identified in the Required Consent Schedule, and the
Purchaser’s obligation to close is conditioned upon the receipt of such consents; provided,
that in no event shall the Sellers be required to make any expenditure of money or amend the terms
of any other agreement between the Sellers and such counterparty to obtain such consent or
approval. To the extent that any such consents (or any similar third-party consents not listed on
the Required Consent Schedule) have not been obtained as of the Closing, this Agreement and any
document delivered pursuant hereto will not constitute an assignment or attempted assignment
thereof if

42

 

such assignment or attempted assignment would constitute a breach of an Assumed Contract or
would give rise to a valid right of termination thereof and, notwithstanding any provision in this
Agreement to the contrary, such Assumed Contract shall not be deemed an Acquired Asset. If any
such third-party consent has not be obtained on or prior to the Closing Date, the Sellers shall
cooperate, at the Purchaser’s expense, with the Purchaser to establish a reasonable arrangement
designed to provide the Purchaser with the benefits and burdens of any such Assumed Contract,
including appointing the Purchaser to act as its agent to perform all of the Sellers’ obligations
under such Assumed Contract and to collect and promptly remit to the Purchaser all compensation
received by the Sellers pursuant to such Assumed Contract and to enforce, for the account and
benefit of the Purchaser, any and all rights of the Sellers against any other person arising out of
the breach or cancellation of such Assumed Contract by such other person or otherwise (any and all
of which arrangements shall constitute, as between the Parties hereto, a deemed assignment or
transfer); provided, that from and after Closing, the Sellers shall have no liability to
the Purchaser in the event that any Assumed Contract requiring consent to assignment hereunder (or
which by its terms is non-assignable) is terminated.

     9.11 Bulk Sales Law. The Purchaser hereby waives compliance by the Sellers with the
requirements of any bulk sales or fraudulent conveyance statute. The Seller will bear any loss,
liability, obligation or cost suffered by the Seller or the Purchaser as a result of the Parties’
noncompliance with any provision of any bulk sales law which is applicable to the transfer of the
Acquired Assets pursuant to this Agreement.

ARTICLE X

MISCELLANEOUS

     10.1 Amendment and Waiver. This Agreement may be amended and any provision of this
Agreement may be waived, provided, that any such amendment or waiver shall be binding upon
a Party only if such amendment or waiver is set forth in a writing executed by an authorized
officer of the Purchaser and the Sellers. No course of dealing between or among any persons having
any interest in this Agreement shall be deemed effective to modify, amend or discharge any part of
this Agreement or any rights or obligations of any Party under or by reason of this Agreement.

     10.2 Notices. All notices, requests, demands and determinations under this Agreement
(other than routine operational communications) shall be in writing and shall be deemed duly
delivered (a) when delivered by hand, (b) one day after being given to a nationally recognized
overnight delivery service with a reliable system for tracking delivery, (c) when sent by confirmed
facsimile with a copy sent by another means specified in this Section 10.2, or (d) six days
after the day of mailing, when mailed by United States mail, registered or certified mail, return
receipt requested, postage prepaid, and addressed as follows:

43

 

	 	 	 	 	 
	 

	 	Notices to the Sellers:
	 	with a copy to:
	 
	 	 	 	 
	 

	 	7-Eleven, Inc.

One Arts Plaza

1722 Routh Street, Suite 1000

Dallas, Texas 75201

Attn: General Counsel

Fax: 972.828.7119
	 	Vinson & Elkins L.L.P.

2001 Ross Avenue, Suite 3700

Dallas, Texas 75201

Attention: Jeffrey A. Chapman

Fax: 214.999.7797

Attention: David L. Babin, Jr.

Fax: 214.999.7808
	 
	 	 	 	 
	 

	 	Notices to the Purchaser:
	 	with a copy to:
	 
	 	 	 	 
	 

	 	Cardtronics, LP
	 	Locke Liddell & Sapp LLP
	 

	 	3110 Hayes Road, Suite 300
	 	600 Travis, Suite 3400
	 

	 	Houston, Texas 77082
	 	Houston, Texas 77002
	 

	 	Attention: Michael E. Keller
	 	Attention: Gregory C. Hill
	 

	 	Fax: 281.892.0102
	 	Fax: 713.223.3717

     10.3 Binding Agreement; Assignment. This Agreement and all of the provisions hereof
shall be binding upon and inure to the benefit of the Parties and their respective successors and
permitted assigns; provided, that neither this Agreement nor any of the rights, interests
or obligations hereunder may be assigned by the Sellers (other than to any Affiliate of the
Sellers) without the prior written consent of the Purchaser or by the Purchaser without the prior
written consent of the Sellers; provided, however, that the Purchaser may assign
its rights under this Agreement for collateral security purposes to any lender providing financing
to the Purchaser.

     10.4 Severability. Whenever possible, each provision of this Agreement shall be
interpreted in such manner as to be effective and valid under applicable law, but if any provision
of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall
be ineffective only to the extent of such prohibition or invalidity, without invalidating the
remainder of such provisions or the remaining provisions of this Agreement.

     10.5 No Strict Construction. The language used in this Agreement shall be deemed to
be the language chosen by the Parties to express their mutual intent, and no rule of strict
construction shall be applied against any person.

     10.6 Captions. The captions used in this Agreement are for convenience of reference
only and do not constitute a part of this Agreement and shall not be deemed to limit, characterize
or in any way affect any provision of this Agreement, and all provisions of this Agreement shall be
enforced and construed as if no caption had been used in this Agreement.

     10.7 Entire Agreement. This Agreement and the documents referred to herein contain
the entire agreement between the Parties and supersede any prior understandings, agreements or
representations by or between the Parties, written or oral, which may have related to the subject
matter hereof in any way.

44

 

     10.8 Counterparts. This Agreement may be executed in multiple counterparts (including
by means of facsimile signature pages), each of which shall be deemed an original but all of which
taken together shall constitute one and the same instrument.

     10.9 Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of Texas, excluding laws that might otherwise govern under applicable
principles of conflicts of laws. The Parties hereby irrevocably submit to the jurisdiction of any
state or federal court in Dallas County, Texas with respect to any action or proceeding arising out
of or relating to this Agreement. The Parties hereby consent to and grant to any such court
jurisdiction over the persons of such Parties and over the subject matter of any such dispute and
agree that delivery or mailing of any process or other papers in the manner provided herein, or in
such other manner as may be permitted by law, shall be valid and sufficient service thereof.

     10.10 Parties in Interest. Nothing in this Agreement, express or implied, is intended
to confer on any person other than the Parties and their respective successors and assigns any
rights or remedies under or by virtue of this Agreement.

     10.11 Director and Officer Liability. Except to the extent that they are a Party
hereto, the past, present or future directors, officers, employees and stockholders of either of
the Sellers and any of their respective Affiliates shall not have any personal liability or
obligation arising under this Agreement.

     10.12 Disclosure Generally. The inclusion of (a) any information in any section of
the Sellers Disclosure Schedule shall not be deemed to be an admission or acknowledgment by
the Sellers, in and of itself, that such information is required by the terms hereof to be
disclosed or is material to the Business and (b) any information in any section of the Purchase
Disclosure Schedule shall not be deemed to be an admission or acknowledgment by the Purchaser, in
and of itself, that such information is required by the terms hereof to be disclosed. The Sellers
Disclosure Schedule and the Purchaser Disclosure Schedule shall each be construed with and as an
integral part of this Agreement to the same extent as if the same had been set forth verbatim
herein.

45

 

     IN WITNESS WHEREOF, the Parties have executed this Asset Purchase Agreement as of the date
first written above.

	 	 	 	 	 
	 	CARDTRONICS, LP

 	 
	 	By:  	/s/ Jack M. Antonini
 	 
	 	Name:  	Jack M. Antonini 	 
	 	Title:  	President & CEO 	 
	 
	 	7-ELEVEN, INC.

 	 
	 	By:  	/s/ Stanley W. Reynolds
 	 
	 	Name:  	Stanley W. Reynolds 	 
	 	Title:  	Senior Vice President and Chief Financial Officer 	 
	 
	 	ATTEST:

 	 
	 	/s/ Shawn E. Shearer
 	 
	 	Shawn E. Shearer 	 
	 	Assistant Secretary 	 
	 
	 	VCOM FINANCIAL SERVICES, INC.

 	 
	 	By:  	/s/ Stanley W. Reynolds
 	 
	 	Name:  	Stanley W. Reynolds 	 
	 	Title:  	Senior Vice President and Chief Financial Officer of 7-Eleven, Inc. and Authorized
Signer on Behalf of Vcom Financial Services, Inc. 	 
	 
	 	ATTEST:

 	 
	 	/s/ Shawn E. Shearer
 	 
	 	Shawn E. Shearer 	 
	 	Assistant Secretary 	 
	 

46

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