Document:

exv10w14

 

Exhibit 10.14

EXECUTION COPY

AMENDMENT NO. 2

Dated as of January 31, 2007

to

CREDIT AGREEMENT

Dated as of July 1, 2005

     THIS AMENDMENT NO. 2 (“Amendment”) is made as of January 31, 2007 (the “Effective
Date”) by and among eFunds Corporation (the “Borrower”), the financial institutions
listed on the signature pages hereof (the “Lenders”) and JPMorgan Chase Bank, National
Association, as Administrative Agent (the “Agent”), under that certain Credit Agreement
dated as of July 1, 2005 by and among the Borrower, the Lenders and the Agent (as amended, the
“Credit Agreement”). Capitalized terms used herein and not otherwise defined herein shall
have the respective meanings given to them in the Credit Agreement.

     WHEREAS, the Borrower has requested that certain modifications be made to the Credit
Agreement;

     WHEREAS, certain existing Lenders (the “Departing Lenders”) identified on the
signature pages hereof as Departing Lenders have decided to cease acting as Lenders and certain
financial institutions have agreed to enter into the Credit Agreement as new Lenders;

     WHEREAS, the Borrower, the Lenders party hereto and the Agent have agreed to amend the Credit
Agreement on the terms and conditions set forth herein;

     NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions
contained herein, and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the Borrower, the Lenders party hereto and the Agent hereby agree to the
following amendments to the Credit Agreement.

     1. Amendments to Credit Agreement. Effective as of the Effective Date but subject to
the satisfaction of the conditions precedent set forth in Section 2 below, the Credit Agreement is
hereby amended as follows:

     (a) The Commitments of the Lenders are amended and restated as set forth on

 

 

Annex I hereto. Any new Lender signatory hereto which was not party to the Credit Agreement
prior to the date hereof (each such Lender, a “New Lender”) shall be deemed to be a Lender
for all purposes under the Credit Agreement and each Departing Lender shall cease to be a Lender
for all purposes under the Credit Agreement. The Borrower hereby agrees to compensate each Lender
(including each Departing Lender) for any and all losses, costs and expenses incurred by such
Lender in connection with the sale and assignment of any Eurodollar Loans and the reallocation
described in Section 2(a) below, in each case on the terms and in the manner set forth in Section
2.16 of the Credit Agreement.

     (b) The definition of “Applicable Rate” appearing in Section 1.01 of the Credit
Agreement is amended to (i) delete the reference to “Pricing Level IV” appearing in clause (i)
thereof and substitute “Pricing Level V” in lieu thereof and (ii) delete the pricing grid appearing
therein and substitute the following pricing grid in lieu thereof:

	 	 	 	 	 	 	 	 	 
	 	 	Leverage	 	 	 	ABR	 	Eurodollar
	Pricing Level:	 	Ratio:	 	Commitment Fee:	 	Spread:	 	Spread:
	Level I
	 	£0.75x	 	0.100%	 	0%	 	0.500%
	 
	 	 	 	 	 	 	 	 
	Level II
	 	>0.75x but	 	0.125%	 	0%	 	0.625%
	 
	 	£1.25x	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Level III
	 	>1.25x but	 	0.150%	 	0%	 	0.750%
	 
	 	£1.75x	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Level IV
	 	>1.75 but £ 2.25	 	0.200%	 	0%	 	0.875%
	 
	 	 	 	 	 	 	 	 
	Level V
	 	>2.25x	 	0.250%	 	0%	 	1.000%

     (c) The definition of “Excluded Restricted Payments” appearing in Section 1.01 of the
Credit Agreement is amended to delete the phrase “announced by the Borrower on February 23, 2005”
and substitute in lieu thereof the phrase “commenced by the Borrower in 2007”.

     (d) The definition of “Indian Bank Guarantees” appearing in Section 1.01 of the Credit
Agreement is amended to delete the reference to “in an approximate Dollar Amount (calculated at the
time of issuance thereof) of $48,000,000” appearing therein.

     (e) The definition of “Maturity Date” appearing in Section 1.01 of the Credit
Agreement is amended to delete the references to “July 1, 2010” appearing therein and substitute
“January 31, 2012” in lieu thereof.

     (f) The definition of “Permitted Acquisition Amount” appearing in Section 1.01 of the
Credit Agreement is amended to delete the phrase “(as so described)” and substitute in lieu thereof
the phrase “described in clause (3) of the definition of “Permitted Acquisitions”.

     (g) Section 3.04 of the Credit Agreement is amended to delete the dates “December 31,
2004” and “March 31, 2005” appearing therein and substitute in lieu thereof, respectively, the
dates “December 31, 2005” and “September 30, 2006”.

2

 

     (h) Section 6.01(e) of the Credit Agreement is amended to delete the reference to
“$15,000,000” appearing therein and substitute “$25,000,000” in lieu thereof.

3

 

     2. Conditions of Effectiveness. The effectiveness of this Amendment is subject to the
conditions precedent that (a) the Agent and the Lenders shall have administered the reallocation of
the aggregate Revolving Credit Exposures among the Lenders such that after giving effect to the
amendments to the Commitments pursuant hereto, each Lender’s Applicable Percentage of the aggregate
Revolving Credit Exposures is equal to such Lender’s Applicable Percentage of the total
Commitments, and (b) the Agent shall have received (i) counterparts of this Amendment duly executed
by the Borrower, each of the Lenders (including each Departing Lender and each New Lender) and the
Agent and the Consent and Reaffirmation attached hereto duly executed by the Subsidiary Guarantors,
(ii) for the account of each Lender (other than a Departing Lender), an upfront fee in an amount
equal to 0.025% of such Lender’s Commitment (after giving effect to the Amendment), (iii) payment
and/or reimbursement of the Agent’s reasonable fees and expenses (including, to the extent
invoiced, fees and expenses of counsel for the Agent) in connection with this Amendment and (iv) an
opinion of counsel in form and substance reasonably acceptable to the Agent and such other
instruments and documents as are reasonably requested by the Agent.

     3. Representations and Warranties of the Borrower. The Borrower hereby represents and
warrants as follows:

     (a) This Amendment and the Credit Agreement as amended hereby constitute legal, valid and
binding obligations of the Borrower and are enforceable against the Borrower in accordance with
their terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws
affecting creditors’ rights generally and subject to general principles of equity, regardless of
whether considered in a proceeding in equity or at law.

     (b) As of the date hereof and giving effect to the terms of this Amendment, (i) no Default
shall have occurred and be continuing and (ii) the representations and warranties of the Borrower
set forth in the Credit Agreement, as amended hereby, are true and correct.

     4. Reference to and Effect on the Credit Agreement.

     (a) Upon the effectiveness hereof, each reference to the Credit Agreement in the Credit
Agreement or any other Loan Document shall mean and be a reference to the Credit Agreement as
amended hereby.

     (b) Except as specifically amended above, the Credit Agreement and all other documents,
instruments and agreements executed and/or delivered in connection therewith shall remain in full
force and effect and are hereby ratified and confirmed.

     (c) The execution, delivery and effectiveness of this Amendment shall not operate as a waiver
of any right, power or remedy of the Agent or the Lenders, nor constitute a waiver of any provision
of the Credit Agreement or any other documents, instruments and agreements executed and/or
delivered in connection therewith.

     5. Governing Law. This Amendment shall be governed by and construed in accordance
with the internal laws (including, without limitation, 735 ILCS Section 105/5-1 et seq, but
otherwise without regard to the conflict of law provisions) of the State of Illinois, but giving
effect to federal laws applicable to national banks.

4

 

     6. Headings. Section headings in this Amendment are included herein for convenience
of reference only and shall not constitute a part of this Amendment for any other purpose.

     7. Counterparts. This Amendment may be executed by one or more of the parties hereto
on any number of separate counterparts, and all of said counterparts taken together shall be deemed
to constitute one and the same instrument.

[Signature Pages Follow]

5

 

     IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first above
written.

	 	 	 
	 

	 	eFUNDS CORPORATION,
	 

	 	as the Borrower
	 
	 	 
	 

	 	By: /s/ George W. Gresham
	 

	 	Name: George W. Gresham
	 

	 	Title: Chief Financial Officer

Signature Page to Amendment No. 2

eFunds Corporation

Credit Agreement dated as of July 1, 2005

 

 

	 	 	 
	 

	 	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION,
	 

	 	as Administrative Agent, as Issuing Bank and as a Lender
	 
	 	 
	 

	 	By: /s/ Steven J. Krakowski
	 

	 	Name: Steven J. Krakowski
	 

	 	Title: Senior Vice President

Signature Page to Amendment No. 2

eFunds Corporation

Credit Agreement dated as of July 1, 2005

 

 

	 	 	 
	 

	 	BANK OF AMERICA, N.A.,
	 

	 	as a Lender
	 
	 	 
	 

	 	By: /s/ David R. Barney
	 

	 	Name: David R. Barney
	 

	 	Title: Senior Vice President

Signature Page to Amendment No. 2

eFunds Corporation

Credit Agreement dated as of July 1, 2005

 

 

	 	 	 
	 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	 

	 	as a Lender
	 
	 	 
	 

	 	By: /s/ Michael J. Giese
	 

	 	Name: Michael J. Giese
	 

	 	Title: Senior Vice President

Signature Page to Amendment No. 2

eFunds Corporation

Credit Agreement dated as of July 1, 2005

 

 

	 	 	 
	 

	 	SUNTRUST BANK,
	 

	 	as a Lender
	 
	 	 
	 

	 	By: /s/ Timothy M. O’Leary
	 

	 	Name: Timothy M. O’Leary
	 

	 	Title: Director

Signature Page to Amendment No. 2

eFunds Corporation

Credit Agreement dated as of July 1, 2005

 

 

	 	 	 
	 

	 	COMERICA WEST INCORPORATED,
	 

	 	as a Lender
	 
	 	 
	 

	 	By: /s/ Fatima Arshad
	 

	 	Name: Fatime Arshad
	 

	 	Title: Corporate Banking Officer

Signature Page to Amendment No. 2

eFunds Corporation

Credit Agreement dated as of July 1, 2005

 

 

	 	 	 
	 

	 	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as
	 

	 	a New Lender
	 
	 	 
	 

	 	By: /s/ Douglas M. Barnell
	 

	 	Name: Douglas M. Barnell
	 

	 	Title: Manager

Signature Page to Amendment No. 2

eFunds Corporation

Credit Agreement dated as of July 1, 2005

 

 

	 	 	 
	 

	 	KEYBANK, NATIONAL ASSOCIATION,
	 

	 	as a Departing Lender
	 
	 	 
	 

	 	By: /s/ David A. Wild
	 

	 	Name: David A. Wild
	 

	 	Title: Vice President

Signature Page to Amendment No. 2

eFunds Corporation

Credit Agreement dated as of July 1, 2005

 

 

	 	 	 
	 

	 	NATIONAL BANK OF ARIZONA,
	 

	 	as a Departing Lender
	 
	 	 
	 

	 	By: /s/ Jeffrey D. Anderson
	 

	 	Name: Jeffrey D. Anderson
	 

	 	Title: Vice President

Signature Page to Amendment No. 2

eFunds Corporation

Credit Agreement dated as of July 1, 2005

 

 

ANNEX I

COMMITMENTS

	 	 	 	 
	LENDER	 	COMMITMENT
	JPMorgan Chase Bank, National Association
	 	$	36,000,000
	Bank of America, N.A.
	 	$	30,000,000
	Wells Fargo Bank, National Association
	 	$	30,000,000
	SunTrust Bank
	 	$	21,500,000
	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	 	$	20,000,000
	Comerica West Incorporated
	 	$	12,500,000
	AGGREGATE COMMITMENTS
	 	$	150,000,000

 

 

CONSENT AND REAFFIRMATION

     Each of the undersigned hereby acknowledges receipt of a copy of the foregoing Amendment No. 2
to the Credit Agreement dated as of July 1, 2005 (as the same may be amended, restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”) by and among
eFunds Corporation (the “Borrower”), the financial institutions from time to time party
thereto (the “Lenders”) and JPMorgan Chase Bank, National Association, in its individual
capacity as a Lender and in its capacity as contractual representative (the “Agent”), which
Amendment No. 2 is dated as of January 31, 2007 (the “Amendment”). Capitalized terms used
in this Consent and Reaffirmation and not defined herein shall have the meanings given to them in
the Credit Agreement. Without in any way establishing a course of dealing by the Agent or any
Lender, each of the undersigned consents to the Amendment and reaffirms the terms and conditions of
the Subsidiary Guaranty and any other Loan Document executed by it and acknowledges and agrees that
such agreement and each and every such Loan Document executed by the undersigned in connection with
the Credit Agreement remains in full force and effect and is hereby reaffirmed, ratified and
confirmed. All references to the Credit Agreement contained in the above-referenced documents
shall be a reference to the Credit Agreement as so modified by the Amendment and as the same may
from time to time hereafter be amended, modified or restated.

[Signature Pages Follow]

 

 

     IN
WITNESS WHEREOF, this Consent and Reaffirmation has been duly executed as of this 31st day of January, 2007.

	 	 	 
	 

	 	DEPOSIT PAYMENT PROTECTION SERVICES, INC.
	 
	 	 
	 

	 	By: /s/ George W. Gresham
	 

	 	Name: George W. Gresham
	 

	 	Title: Treasurer
	 
	 	 
	 

	 	CHEX SYSTEMS, INC.
	 
	 	 
	 

	 	By: /s/ George W. Gresham
	 

	 	Name: George W. Gresham
	 

	 	Title: Treasurer
	 
	 	 
	 

	 	CLEARCOMMERCE CORPORATION
	 
	 	 
	 

	 	By: /s/ George W. Gresham
	 

	 	Name: George W. Gresham
	 

	 	Title: Chief Financial Officer
	 
	 	 
	 

	 	eFUNDS IT SOLUTIONS GROUP, INC.
	 
	 	 
	 

	 	By: /s/ George W. Gresham
	 

	 	Name: George W. Gresham
	 

	 	Title: Chief Financial Officer
	 
	 	 
	 

	 	eFUNDS GLOBAL HOLDINGS CORPORATION
	 
	 	 
	 

	 	By: /s/ George W. Gresham
	 

	 	Name: George W. Gresham
	 

	 	Title: Chief Financial Officer
	 
	 	 
	 

	 	PENLEY, INC.
	 
	 	 
	 

	 	By: /s/ George W. Gresham
	 

	 	Name: George W. Gresham
	 

	 	Title: Chief Financial Officer
	 
	 	 
	 

	 	WILDCARD SYSTEMS, INC.
	 
	 	 
	 

	 	By: /s/ George W. Gresham
	 

	 	Name: George W. Gresham
	 

	 	Title: Chief Financial Officer

Signature Page to Consent and ReaffirmationExhibit 10.3

    Exhibit
      10.3

    

    NONQUALIFIED
      STOCK OPTION AGREEMENT

    For
      The

    LINCOLN
      NATIONAL CORPORATION

    STOCK
      OPTION PLAN

    FOR
      NON-EMPLOYEE DIRECTORS

    

    

    This
      Nonqualified Stock Option Agreement (the “Agreement”) evidences the terms of the
      grant by Lincoln National Corporation (“LNC”) of a Nonqualified Stock Option
      (the “Option”) to _______________________ (“Grantee”) on
      ________ (the
      “Date of Grant”), and Grantee’s acceptance of the Option in accordance with and
      subject to the provisions of the Lincoln National Corporation Stock Option
      Plan
      for Non-Employee Directors, Effective May 10, 2007 (the “Plan”) and this
      Agreement.

    

    LNC
      and
      Grantee hereby agree as follows:

    

    1. Shares
      Optioned and Option Price

    

    Grantee
      shall have an Option to purchase _________ shares of LNC common stock (the
      “Shares”) for $_____________ (United States dollars) for each Share, such price
      to equal the Fair Market Value of the Share of LNC common stock as of the Date
      of Grant.

    

    2.
       Vesting
      Dates

    

    The
      Option for unvested Shares shall vest on the earlier
      of:

    

    (a)
      the
      first anniversary of Grant Date, or

    

    (b)
      the
      date on which the Grantee terminates service (resigns or retires) as a director
      of LNC for any reason, or

    

    (c)
      the
      date on which there is a Change in Control of the Corporation, as that term
      is
      defined in the Lincoln National Corporation Executive Severance Benefit
      Plan.

    

    3.
       Exercise
      Period

    

    Grantee
      (or Grantee’s Beneficiary (as defined in the Plan), if applicable) may exercise
      all or part of the Option for vested Shares on any LNC business day at LNC’s
      executive offices until the first to occur of:

    

    
      	
              (a)

            	
              the
                tenth anniversary of the Date of Grant;
                or

            

    

    

    
      	
              (b)

            	
              the
                first anniversary of the date of Grantee’s termination of service as a
                director of LNC.

            

    

    

    4.
       Manner
      of Exercise

    

    To
      exercise an Option, Grantee must, on an LNC business day, (1) deliver, mail
      or
      fax written notice of the exercise (in the form specified by LNC) to the
      designated LNC stock option administrator, and (2) submit full payment of the
      exercise price and the certification of compliance described in paragraph 5
      below. Payment may be made in any combination of cash, personal check, or
      Shares. Such Shares must be owned for at least six months and will constitute
      payment to the extent of their Fair Market Value on the date of exercise (as
      defined in the Plan).

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    5.
       Restrictions
      on Transfer of Shares Upon Exercise

    

    As
      soon
      as practicable after the exercise date, LNC shall cause the appropriate number
      of Shares to be issued to Grantee. If the Shares are subject to tax withholding
      requirements, LNC shall not issue Shares until the required tax withholding
      payments are remitted to LNC by Grantee. Grantee may surrender Shares to LNC
      in
      payment of the exercise price associated with this Option. In addition, Grantee
      may satisfy tax withholding obligations associated with the exercise of this
      Option by surrendering Shares to LNC, or by the withholding of Shares by LNC.
      

    

    With
      the
      exception of the withholding of Shares by LNC to pay taxes, or the surrendering
      of Shares to LNC to pay exercise price or taxes, as described in the preceding
      paragraph, Grantee may not sell, transfer, assign, pledge, or otherwise encumber
      Shares issued as the result of exercise during his or her tenure as a director
      of LNC. Shares may be freely sold and transferred (subject to applicable
      Securities and Exchange Commission rules) only after the director has terminated
      service as a director of LNC.

    

    LNC
      shall
      not be obligated to issue Shares to Grantee if such action violates any
      provision of law or regulation of any governmental authority or national
      securities exchange. Grantee represents that Grantee is acquiring the Shares
      for
      investment and not with a view to distribution.

    

    6. Transferability

    

    No
      rights
      under this Agreement may be transferred except by will or the laws of descent
      and distribution. The rights under this Agreement may be exercised during the
      lifetime of Grantee only by Grantee. After Grantee’s death, the Option may be
      exercised, to the extent exercisable and for the period specified in Section
      3(b), by the person or persons to whom the Option was transferred by will or
      the
      laws of descent or distribution.

    

    7. Other
      Conditions

    

    The
      grant
      and exercise of this Option are subject to the following
      requirements:

    

    
      	
              (a)

            	
              No
                Option shall become exercisable or otherwise realizable prior to
                the date
                of the annual meeting on which the shareholders of LNC approve the
                Stock
                Option Plan for Non-Employee Directors.

            

    

    

    
      	
              (b)

            	
              Grantee
                shall not, without prior written authorization from LNC, disclose
                to
                anyone outside of LNC, or use in other than LNC’s business, any
                confidential information or material relating to the business of
                LNC that
                is acquired by Grantee either during or after his or her service
                as a
                director of LNC.

            

    

    

    
      	
              (c)

            	
              Upon
                exercise of the Option, Grantee shall certify compliance with the
                terms
                and conditions in paragraph (b). Failure to comply with paragraph
                (b) at
                any time prior to, or during the six months after any exercise of
                this
                Option, shall cause such Option and any related exercise to be rescinded.
                LNC must notify Grantee in writing of any such rescission. LNC, in
                its
                discretion, may waive compliance in whole or part in any individual
                case.
                Within ten days after receiving a rescission notice from LNC, Grantee
                must
                pay LNC the amount of any gain realized or payment received (net
                of any
                withholding or other taxes paid by Grantee) as a result of the rescinded
                exercise. Such payment must be made either in cash or by returning
                the
                Shares Grantee received in connection with the rescinded
                exercise.

            

    

     

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    IN
      WITNESS WHEREOF, the Chairman and Chief Executive Officer of Lincoln National
      Corporation has signed this Agreement as of the day and year first above
      written.

    

    LINCOLN
      NATIONAL CORPORATION 

    
 

    ______________________________

    Jon
      A.
      Boscia

    Chairman
      and Chief Executive Officer

    

    

    

    ACKNOWLEDGED
      AND ACCEPTED:

    

    

    

    ________________________________

    Grantee

    

    

    ________________________________

    (Print
      name)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}]]