Document:

Subsidiary Guaranty

 Exhibit 10.6.1 
 EXECUTION COPY 
 SUBSIDIARY GUARANTY 
 Dated as of September 29, 2006 
 From 
 FIRST FINANCIAL MANAGEMENT CORPORATION 
 as Guarantor 
 in favor of 
 THE GUARANTEED PARTIES REFERRED TO HEREIN 

 TABLE OF CONTENTS 
  

					
	 Section
	 	 	  	Page
	 Section 1.
	 	Guaranty; Limitation of Liability	  	1
			
	 Section 2.
	 	Guaranty Absolute	  	2
			
	 Section 3.
	 	Waivers and Acknowledgments	  	3
			
	 Section 4.
	 	Subrogation	  	3
			
	 Section 5.
	 	Payments Free and Clear of Taxes, Etc.	  	4
			
	 Section 6.
	 	Representations and Warranties	  	4
			
	 Section 7.
	 	Covenants	  	5
			
	 Section 8.
	 	Amendments, Etc.	  	5
			
	 Section 9.
	 	Notices, Etc.	  	5
			
	 Section 10.
	 	No Waiver; Remedies	  	6
			
	 Section 11.
	 	Right of Set-off	  	6
			
	 Section 12.
	 	Indemnification	  	6
			
	 Section 13.
	 	Continuing Guaranty; Assignments under the Credit Agreement	  	7
			
	 Section 14.
	 	Execution in Counterparts	  	7
			
	 Section 15.
	 	Governing Law; Jurisdiction; Waiver of Jury Trial, Etc.	  	7

 SUBSIDIARY GUARANTY 
 SUBSIDIARY GUARANTY dated as of September 29, 2006 made by the FIRST FINANCIAL MANAGEMENT CORPORATION, a Georgia corporation (the “Guarantor”), in favor of Citibank, N.A., as agent for the
Guaranteed Parties (as defined below). 
 PRELIMINARY STATEMENT. The Western Union Company, a Delaware corporation (the
“Company”), is party to a Credit Agreement dated as of September 27, 2006 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; the capitalized terms
defined therein and not otherwise defined herein being used herein as therein defined) with certain Banks, Issuing Lenders and the Swing Line Bank party thereto, and Citibank, N.A., as Administrative Agent. The Administrative Agent, the Banks,
Issuing Lenders and the Swing Line Bank are collectively, the “Guaranteed Parties”. The Guarantor will derive substantial direct and indirect benefits from the transactions contemplated by the Credit Agreement. It is a condition
precedent to the making of Loans and the issuance of Letters of Credit under the Credit Agreement from time to time that the Guarantor shall have executed and delivered this Guaranty. 
 NOW, THEREFORE, in consideration of the premises and in order to induce the Guaranteed Parties to make Loans and to issue Letters of Credit under the
Credit Agreement from time to time, the Guarantor, hereby agrees as follows: 
 Section 1. Guaranty; Limitation of Liability.
(a) The Guarantor hereby absolutely, unconditionally and irrevocably guarantees the punctual payment when due, whether at scheduled maturity or on any date of a required prepayment or by acceleration, demand or otherwise, of all Obligations of
the Company now or hereafter existing under or in respect of the Loan Documents (including, without limitation, any extensions, modifications, substitutions, amendments or renewals of any or all of the foregoing Obligations), whether direct or
indirect, absolute or contingent, and whether for principal, interest, premiums, fees, indemnities, contract causes of action, costs, expenses or otherwise (such Obligations being the “Guaranteed Obligations”), and agrees to pay any
and all expenses (including, without limitation, fees and expenses of counsel) incurred by the Administrative Agent or any other Guaranteed Party in enforcing any rights under this Guaranty or any other Loan Document. Without limiting the generality
of the foregoing, the Guarantor’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by the Company to any Guaranteed Party under or in respect of the Loan Documents but for the fact that
they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving the Company. 
 (b) The Guarantor, and by its acceptance of this Guaranty, the Administrative Agent and each other Guaranteed Party, hereby confirms that it is the intention of all such Persons that this Guaranty and the obligations of the Guarantor
hereunder not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law (as hereinafter defined), the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the
extent applicable to this Guaranty and the obligations of the Guarantor hereunder. To effectuate the foregoing intention, the Administrative Agent, the other Guaranteed Parties and the Guarantor hereby irrevocably agree that the obligations of the
Guarantor under this Guaranty at any time shall be limited to the maximum amount as will result in the obligations of the Guarantor under this Guaranty not constituting a fraudulent transfer or conveyance. For purposes hereof, “Bankruptcy
Law” means any proceeding of the type referred to in Section 6.01(f) of the Credit Agreement or Title 11, U.S. Code, or any similar foreign, federal or state law for the relief of debtors. 

 Section 2. Guaranty Absolute. The Guarantor guarantees that the Guaranteed Obligations
will be paid strictly in accordance with the terms of the Loan Documents, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of any Guaranteed Party with respect
thereto. The obligations of the Guarantor under or in respect of this Guaranty are independent of the Guaranteed Obligations or any other Obligations of the Company under or in respect of the Loan Documents, and a separate action or actions may be
brought and prosecuted against the Guarantor to enforce this Guaranty, irrespective of whether any action is brought against the Company or whether the Company is joined in any such action or actions. The liability of the Guarantor under this
Guaranty shall be irrevocable, absolute and unconditional irrespective of, and, to the extent permitted by applicable law, the Guarantor hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to, any or all
of the following (other than payment in full of the Guaranteed Obligations as qualified by the last sentence of this Section 2): 
 (a) any lack of validity or enforceability of any Loan Document or any agreement or instrument relating thereto; 
 (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Guaranteed Obligations or any other Obligations of the Company under or in respect of the Loan Documents, or any
other amendment or waiver of or any consent to departure from any Loan Document, including, without limitation, any increase in the Guaranteed Obligations resulting from the extension of additional credit to the Company or any of its Subsidiaries or
otherwise; 
 (c) any taking, exchange, release or non-perfection of any collateral, or any taking, release or amendment or
waiver of, or consent to departure from, any other guaranty, for all or any of the Guaranteed Obligations; 
 (d) any manner
of application of collateral, or proceeds thereof, to all or any of the Guaranteed Obligations, or any manner of sale or other disposition of any collateral for all or any of the Guaranteed Obligations or any other Obligations of the Company under
the Loan Documents or any other assets of the Company or any of its Subsidiaries; 
 (e) any change, restructuring or
termination of the corporate structure or existence of the Company or any of its Subsidiaries; 
 (f) any failure of any
Guaranteed Party to disclose to the Company any information relating to the business, condition (financial or otherwise), operations, performance, properties or prospects of the Company now or hereafter known to such Guaranteed Party (the Guarantor
waiving any duty on the part of the Guaranteed Parties to disclose such information); 
 (g) the failure of any other Person
to execute or deliver any other guaranty or agreement or the release or reduction of liability of the Guarantor or other guarantor or surety with respect to the Guaranteed Obligations; or 
 (h) any other circumstance (including, without limitation, any statute of limitations) or any existence of or reliance on any
representation by any Guaranteed Party that might otherwise constitute a defense available to, or a discharge of, the Company or any other guarantor or surety. 
 This Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Guaranteed Obligations is rescinded or must otherwise be returned by any Guaranteed Party or any other Person upon
the insolvency, bankruptcy or reorganization of the Company or otherwise, all as though such payment had not been made. 
  

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 Section 3. Waivers and Acknowledgments. To the extent permitted by applicable law:
(a) The Guarantor hereby unconditionally and irrevocably waives promptness, diligence, notice of acceptance, presentment, demand for performance, notice of nonperformance, default, acceleration, protest or dishonor and any other notice with
respect to any of the Guaranteed Obligations and this Guaranty and any requirement that any Guaranteed Party protect, secure, perfect or insure any Lien or any property subject thereto or exhaust any right or take any action against the Company or
any other Person or any collateral. 
 (b) The Guarantor hereby unconditionally and irrevocably waives any right to revoke this Guaranty and
acknowledges that this Guaranty is continuing in nature and applies to all Guaranteed Obligations, whether existing now or in the future. 
 (c) The Guarantor hereby unconditionally and irrevocably waives (i) any defense arising by reason of any claim or defense based upon an election of remedies by any Guaranteed Party that in any manner impairs, reduces, releases or
otherwise adversely affects the subrogation, reimbursement, exoneration, contribution or indemnification rights of the Guarantor or other rights of the Guarantor to proceed against any of the other Loan Parties, any other guarantor or any other
Person or any collateral and (ii) any defense based on any right of set-off or counterclaim against or in respect of the obligations of the Guarantor hereunder. 
 (d) The Guarantor hereby unconditionally and irrevocably waives any duty on the part of any Guaranteed Party to disclose to the Guarantor any matter, fact or thing relating to the business, condition (financial or
otherwise), operations, performance, properties or prospects of the Company or any of its Subsidiaries now or hereafter known by such Guaranteed Party. 
 (e) The Guarantor acknowledges that it will receive substantial direct and indirect benefits from the financing arrangements contemplated by the Loan Documents and that the waivers set forth in Section 2 and this
Section 3 are knowingly made in contemplation of such benefits. 
 Section 4. Subrogation. The Guarantor hereby
unconditionally and irrevocably agrees not to exercise any rights that it may now have or hereafter acquire against the Company or any other insider guarantor that arise from the existence, payment, performance or enforcement of the Guarantor’s
obligations under or in respect of this Guaranty or any other Loan Document, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of
any Guaranteed Party against the Company or any other insider guarantor or any collateral, whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or
receive from the Company or any other insider guarantor, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right, unless and until all of the Guaranteed
Obligations and all other amounts payable under this Guaranty shall have been paid in full in cash, all Letters of Credit shall have expired or been terminated and the Commitments shall have expired or been terminated. If any amount shall be paid to
the Guarantor in violation of the immediately preceding sentence at any time prior to a Termination Event (as defined below), or if no Termination Event shall have occurred, the latest of (a) the payment in full in cash of the Guaranteed
Obligations and all other amounts payable under this Guaranty, (b) the Termination Date and (c) the latest date of expiration or termination of all Letters of Credit shall be received and held in trust for the benefit of the Guaranteed
Parties, shall be segregated from other property and funds of the Guarantor and shall forthwith be paid or delivered to the Administrative Agent in the same form as so received (with any 
  

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 necessary endorsement or assignment) to be credited and applied to the Guaranteed Obligations and all other amounts
payable under this Guaranty, whether matured or unmatured, in accordance with the terms of the Loan Documents, or to be held as collateral for any Guaranteed Obligations or other amounts payable under this Guaranty thereafter arising. If
(i) the Guarantor shall make payment to any Guaranteed Party of all or any part of the Guaranteed Obligations, (ii) all of the Guaranteed Obligations and all other amounts payable under this Guaranty shall have been paid in full in cash
and (iii) (A) the Termination Date shall have occurred and all Letters of Credit shall have expired or been terminated or (B) a Termination Event shall have occurred, the Guaranteed Parties will, at the Guarantor’s request and
expense, execute and deliver to the Guarantor appropriate documents, without recourse and without representation or warranty, necessary to evidence the transfer by subrogation to the Guarantor of an interest in the Guaranteed Obligations resulting
from such payment made by the Guarantor pursuant to this Guaranty. 
 Section 5. Payments Free and Clear of Taxes, Etc. (a)
Any and all payments made by the Guarantor under or in respect of this Guaranty or any other Loan Document shall be made free and clear of and without deduction for any and all present or future Taxes. If the Guarantor shall be required by law to
deduct any Taxes from or in respect of any sum payable under or in respect of this Guaranty or any other Loan Document to any Guaranteed Party, (i) the sum payable by the Guarantor shall be increased as may be necessary so that after the
Guarantor and the Administrative Agent have made all required deductions (including deductions applicable to additional sums payable under this Section 5), such Guaranteed Party receives an amount equal to the sum it would have received had no
such deductions been made, (ii) the Guarantor shall make all such deductions and (iii) the Guarantor shall pay the full amount deducted to the relevant taxation authority or other authority in accordance with applicable law. 
 (b) The obligations of the Guarantor under this Section are subject in all respects to the limitations, qualifications and satisfaction of conditions set
forth in Section 2.15 of the Credit Agreement. Without limitation of the foregoing, the Guaranteed Parties are subject to the obligations set forth in Section 2.13 of the Credit Agreement to the same extent as if set forth herein.

 Section 6. Representations and Warranties. The Guarantor hereby makes each representation and warranty made in the Credit
Agreement by the Company with respect to the Guarantor and the Guarantor hereby further represents and warrants as follows: 
 (a) The Guarantor has the corporate power and authority, and the legal right, to make, deliver and perform this Guaranty and has taken all necessary corporate action to authorize its obligations hereunder on the terms and conditions of this
Guaranty and to authorize the execution, delivery and performance of this Guaranty. No consent or authorization of, filing with or other act by or in respect of, any Governmental Authority or any other Person (except as have been obtained or made)
is required in connection with the execution, delivery, performance, validity or enforceability of this Guaranty. This Guaranty has been duly executed and delivered on behalf of the Guarantor. This Guaranty constitutes a legal, valid and binding
obligation of the Guarantor enforceable against the Guarantor in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of
creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). 
 (b) The execution delivery and performance of this Guaranty will not violate any Requirement of Law or Contractual Obligation of the Guarantor or of any of its Subsidiaries and will not result in, or require, the
creation or imposition of any Lien on any of its or their respective properties or revenues pursuant to any such Requirement of Law or Contractual Obligation. 
  

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 (c) There are no conditions precedent to the effectiveness of this Guaranty that have not
been satisfied or waived. 
 (d) The Guarantor has, independently and without reliance upon any Guaranteed Party and based on
such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Guaranty, and the Guarantor has established adequate means of obtaining from the Company on a continuing basis information
pertaining to, and is now and on a continuing basis will be completely familiar with, the business, condition (financial or otherwise), operations, performance, properties and prospects of the Company. 
 Section 7. Covenants. The Guarantor covenants and agrees that until a Termination Event occurs (or if no Termination Event shall have
occurred, so long as any part of the Guaranteed Obligations shall remain unpaid, any Letter of Credit shall be outstanding or any Bank shall have any Commitment), the Guarantor will perform and observe, and cause each of its Subsidiaries to perform
and observe, all of the terms, covenants and agreements set forth in the Credit Agreement on its or their part to be performed or observed or that the Company has agreed to cause the Guarantor or such Subsidiaries to perform or observe. 

Section 8. Amendments, Etc. No amendment or waiver of any provision of this Guaranty and no consent to any departure by the Guarantor
therefrom shall in any event be effective unless the same shall be in writing and signed by the Administrative Agent and the Majority Banks, and then such waiver or consent shall be effective only in the specific instance and for the specific
purpose for which given; provided, however, that no amendment, waiver or consent shall, unless in writing and signed by all of the Banks (other than any Bank that is, at such time, a Defaulting Bank), (a) reduce or limit the obligations of the
Guarantor hereunder, release the Guarantor hereunder or otherwise limit the Guarantor’s liability with respect to the Obligations owing to the Guaranteed Parties under or in respect of the Loan Documents except as provided in the next
succeeding sentence, (b) postpone any date fixed for payment hereunder or (c) change the number of Guaranteed Parties or the percentage of (x) the Commitments, (y) the aggregate unpaid principal amount of the Loans or
(z) the aggregate LOC Obligations that, in each case, shall be required for the Guaranteed Parties or any of them to take any action hereunder. Upon (x) the sale or other disposition of the Guarantor to the extent permitted in accordance
with the terms of the Credit Agreement, (y) the Guarantee Triggering Amount being reduced to equal to or less than the greater of $300,000,000 or 15% of Consolidated Net Worth or (z) a consolidation or merger of the Guarantor with or into
the Company (any such event being a “Termination Event”), the Guarantor shall be automatically released from this Guaranty. 
 Section 9. Notices, Etc. All notices and other communications provided for hereunder shall be in writing (including telecopy communication) and mailed, telecopied or delivered to it, if to the Guarantor, addressed to it in
care of the Company at the Company’s address specified in Section 9.2 of the Credit Agreement, if to any Agent or any other Guaranteed Party, at its address specified in Section 9.2 of the Credit Agreement, or, as to any party, at
such other address as shall be designated by such party in a written notice to each other party. All such notices and other communications shall, when mailed or telecopied, be effective when deposited in the mails or transmitted by telecopier,
respectively. Delivery by telecopier of an executed counterpart of a signature page to any amendment or waiver of any provision of this Guaranty to be executed and delivered hereunder shall be effective as delivery of an original executed
counterpart thereof. 
  

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 Section 10. No Waiver; Remedies. No failure on the part of any Guaranteed Party to
exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right. The
remedies herein provided are cumulative and not exclusive of any remedies provided by law. 
 Section 11. Right of Set-off.
In addition to any rights and remedies of the Guaranteed Parties provided by law, if an Event of Default has occurred and is continuing, each Guaranteed Party and each of its Affiliates shall have the right, without prior notice to the Guarantor,
any such notice being expressly waived by the Guarantor to the extent permitted by applicable law, upon any amount becoming due and payable by the Guarantor hereunder to set-off and appropriate and apply against such amount any and all deposits
(general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or
owing by such Guaranteed Party, any of its Affiliates or any branch or agency thereof to or for the credit or the account of the Guarantor. The aforesaid right of set-off may be exercised by such Guaranteed Party and each of its Affiliates against
the Guarantor or against any trustee in bankruptcy, debtor in possession, assignee for the benefit of creditors, receiver or execution, judgment or attachment creditor of the Guarantor, or against anyone else claiming through or against the
Guarantor or any such trustee in bankruptcy, debtor in possession, assignee for the benefit of creditors, receiver, or execution, judgment or attachment creditor, notwithstanding the fact that such right of set-off shall not have been exercised by
such Guaranteed Party or its Affiliates prior to the occurrence of any Event of Default. Each Guaranteed Party agrees promptly to notify the Guarantor and the Administrative Agent after any such set-off and application made by such Guaranteed Party
or its Affiliates, provided that the failure to give such notice shall not affect the validity of such set-off and application. 
 Section 12. Indemnification. (a) Without limitation on any other obligations of the Guarantor or remedies of the Guaranteed Parties under this Guaranty, the Guarantor shall, to the fullest extent permitted by law,
indemnify, defend and save and hold harmless each Guaranteed Party and each of their Affiliates and their respective officers, directors, employees, agents and advisors (each, an “Indemnified Party”) from and against, and shall pay
on demand, any and all claims, damages, losses, liabilities and expenses (including, without limitation, reasonable fees and expenses of counsel) that may be incurred by or asserted or awarded against any Indemnified Party in connection with or as a
result of any failure of any Guaranteed Obligations to be the legal, valid and binding obligations of the Company enforceable against the Company in accordance with their terms. 
 (b) The Guarantor hereby also agrees that none of the Indemnified Parties shall have any liability (whether direct or indirect, in contract, tort or
otherwise) to any of the Guarantor or any of its Affiliates or any of their respective officers, directors, employees, agents and advisors, and the Guarantor hereby agrees not to assert any claim against any Indemnified Party on any theory of
liability, for special, indirect, consequential or punitive damages arising out of or otherwise relating to the Facilities, the actual or proposed use of the proceeds of the Loans or the Letters of Credit, the Loan Documents or any of the
transactions contemplated by the Loan Documents. 
 (c) Without prejudice to the survival of any of the other agreements of the Guarantor
under this Guaranty or any of the other Loan Documents, the agreements and obligations of the Guarantor contained in Section 1(a) (with respect to enforcement expenses), the last sentence of Section 2, Section 5 and this
Section 12 shall survive the payment in full of the Guaranteed Obligations and all of the other amounts payable under this Guaranty. 
  

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 Section 13. Continuing Guaranty; Assignments under the Credit Agreement. This Guaranty
is a continuing guaranty and shall (a) remain in full force and effect until the occurrence of a Termination Event, or if no Termination Event shall have occurred, the latest of (i) the payment in full in cash of the Guaranteed Obligations
and all other amounts payable under this Guaranty, (ii) the Termination Date and (iii) the latest date of expiration or termination of all Letters of Credit, (b) be binding upon the Guarantor, its successors and assigns and
(c) inure to the benefit of and be enforceable by the Guaranteed Parties and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Guaranteed Party may assign or
otherwise transfer all or any portion of its rights and obligations under the Credit Agreement (including, without limitation, all or any portion of its Commitments, the Loans owing to it and the Note or Notes held by it) to any other Person, and
such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Guaranteed Party herein or otherwise, in each case as and to the extent provided in Section 9.6 of the Credit Agreement. The Guarantor
shall not have the right to assign its rights hereunder or any interest herein without the prior written consent of the Guaranteed Parties. 
 Section 14. Execution in Counterparts. This Guaranty and each amendment, waiver and consent with respect hereto may be executed in any number of counterparts and by different parties thereto in separate counterparts, each
of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Guaranty by telecopier shall be effective as
delivery of an original executed counterpart of this Guaranty. 
 Section 15. Governing Law; Jurisdiction; Waiver of Jury Trial,
Etc. (a) This Guaranty shall be governed by, and construed in accordance with, the laws of the State of New York. 
 (b) The Guarantor
hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of any New York State court or federal court of the United States of America sitting in New York City, and any appellate court from any
thereof, in any action or proceeding arising out of or relating to this Guaranty, or for recognition or enforcement of any judgment, and the Guarantor hereby irrevocably and unconditionally agrees that all claims in respect of any such action or
proceeding may be heard and determined in any such New York State court or, to the extent permitted by law, in such federal court. The Guarantor agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in
other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Guaranty shall affect any right that any party may otherwise have to bring any action or proceeding relating to this Guaranty in the courts of any
jurisdiction. 
 (c) The Guarantor irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any
objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Guaranty in any New York State or federal court. The Guarantor hereby irrevocably waives, to the fullest extent
permitted by law, the defense of an inconvenient forum to the maintenance of such suit, action or proceeding in any such court. 
 (d) THE
GUARANTOR HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS, THE LOANS OR THE ACTIONS OF ANY
GUARANTEED PARTY IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT THEREOF. 
  

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 IN WITNESS WHEREOF, the Guarantor has caused this Guaranty to be duly executed and delivered by its
officer thereunto duly authorized as of the date first above written. 
  

			
	 FIRST FINANCIAL MANAGEMENT CORPORATION

		
	By	 	 /s/ Rajesh Agrawal

	Title:	 	Senior Vice President and Treasurer

  

 8Credit Agreement

 Exhibit 10.7 
  

 EXECUTION COPY 
 $2,400,000,000 
 CREDIT AGREEMENT 
 among 
 FIRST FINANCIAL MANAGEMENT CORPORATION, 
 as the Company, 
 THE BANKS PARTIES HERETO,

 WACHOVIA BANK, NATIONAL ASSOCIATION, 
 as Syndication Agent 
 MORGAN STANLEY BANK, 
 as Documentation Agent 
 and 
 CITICORP NORTH AMERICA, INC., 
 as Administrative Agent 
 Dated as of September 27, 2006 
 CITIGROUP GLOBAL MARKETS INC., 
 WACHOVIA CAPITAL MARKETS, LLC 
 MORGAN STANLEY BANK 
 as Lead Arrangers and Book Runners 
  

 TABLE OF CONTENTS 
  

					
	 SECTION 1 DEFINITIONS
	  	1
			
	 1.1
	  	 Defined Terms
	  	1
			
	 1.2
	  	 Other Definitional Provisions
	  	13
			
	 1.3
	  	 Accounting Terms
	  	13
		
	 SECTION 2 AMOUNT AND TERMS OF COMMITMENTS
	  	14
			
	 2.1
	  	 Commitments
	  	14
			
	 2.2
	  	 Notes
	  	14
			
	 2.3
	  	 Procedure for Borrowing
	  	14
			
	 2.4
	  	 Fees
	  	15
			
	 2.5
	  	 Termination or Reduction of Commitments
	  	15
			
	 2.6
	  	 Prepayments
	  	15
			
	 2.7
	  	 Conversion and Continuation Options
	  	16
			
	 2.8
	  	 Minimum Amounts of Tranches
	  	17
			
	 2.9
	  	 Interest Rates and Payment Dates
	  	17
			
	 2.10
	  	 Computation of Interest and Fees
	  	17
			
	 2.11
	  	 Inability to Determine Interest Rate
	  	18
			
	 2.12
	  	 Pro Rata Treatment and Payments
	  	18
			
	 2.13
	  	 Illegality
	  	21
			
	 2.14
	  	 Requirements of Law
	  	21
			
	 2.15
	  	 Taxes
	  	22
			
	 2.16
	  	 Indemnity
	  	24
			
	 2.17
	  	 Action of Affected Banks
	  	24
			
	 2.18
	  	 Payment in Full at Maturity
	  	24

  

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	 2.19
	  	 Defaulting Banks
	  	25
		
	 SECTION 3 REPRESENTATIONS AND WARRANTIES
	  	26
			
	 3.1
	  	 Financial Condition
	  	26
			
	 3.2
	  	 No Change
	  	26
			
	 3.3
	  	 Corporate Existence; Compliance with Law
	  	26
			
	 3.4
	  	 Corporate Power; Authorization; Enforceable Obligations
	  	27
			
	 3.5
	  	 No Legal Bar
	  	27
			
	 3.6
	  	 No Material Litigation
	  	27
			
	 3.7
	  	 No Default
	  	27
			
	 3.8
	  	 Taxes
	  	27
			
	 3.9
	  	 Federal Regulations
	  	28
			
	 3.10
	  	 ERISA
	  	28
			
	 3.11
	  	 Investment Company Act
	  	28
			
	 3.12
	  	 Purpose of Loans
	  	28
			
	 3.13
	  	 Disclosure
	  	29
			
	 3.14
	  	 Ranking
	  	29
			
	 3.15
	  	 Compliance with OFAC, FCPA
	  	29
			
	 3.16
	  	 Closing Date Representations and Warranties
	  	29
		
	 SECTION 4 CONDITIONS PRECEDENT
	  	29
			
	 4.1
	  	 Conditions to Effectiveness
	  	29
			
	 4.2
	  	 Conditions to Each Loan
	  	30
		
	 SECTION 5 AFFIRMATIVE COVENANTS
	  	31
			
	 5.1
	  	 Financial Statements
	  	31
			
	 5.2
	  	 Certificates; Other Information
	  	32
			
	 5.3
	  	 Conduct of Business and Maintenance of Existence
	  	32

  

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	 5.4
	  	 Inspection of Property; Books, Records and Discussions
	  	33
			
	 5.5
	  	 Notices
	  	33
		
	 SECTION 6 NEGATIVE COVENANTS
	  	34
			
	 6.1
	  	 Limitation on Significant Subsidiary Indebtedness
	  	34
			
	 6.2
	  	 Limitation on Liens
	  	35
			
	 6.3
	  	 Limitation on Sales and Leasebacks
	  	36
			
	 6.4
	  	 Limitations on Fundamental Changes
	  	37
			
	 6.5
	  	 Limitations on Restrictions on Dividends
	  	37
		
	 SECTION 7 EVENTS OF DEFAULT
	  	37
		
	 SECTION 8 THE ADMINISTRATIVE AGENT
	  	40
			
	 8.1
	  	 Appointment
	  	40
			
	 8.2
	  	 Delegation of Duties
	  	40
			
	 8.3
	  	 Exculpatory Provisions
	  	40
			
	 8.4
	  	 Reliance by Administrative Agent
	  	40
			
	 8.5
	  	 Notice of Default
	  	41
			
	 8.6
	  	 Non-Reliance on Administrative Agent and Other Banks
	  	41
			
	 8.7
	  	 Indemnification
	  	42
			
	 8.8
	  	 Administrative Agent in Its Individual Capacity
	  	42
			
	 8.9
	  	 Successor Administrative Agent
	  	43
			
	 8.10
	  	 Syndication Agent, etc.
	  	43
		
	 SECTION 9 MISCELLANEOUS
	  	43
			
	 9.1
	  	 Amendments and Waivers
	  	43
			
	 9.2
	  	 Notices
	  	44
			
	 9.3
	  	 No Waiver; Cumulative Remedies
	  	46
			
	 9.4
	  	 Survival of Representations and Warranties
	  	46

  

 iii 

					
			
	 9.5
	  	 Payment of Expenses and Taxes
	  	46
			
	 9.6
	  	 Successors and Assigns; Participations; Purchasing Banks
	  	47
			
	 9.7
	  	 Adjustments; Set-off
	  	50
			
	 9.8
	  	 Table of Contents and Section Headings
	  	51
			
	 9.9
	  	 Confidentiality
	  	51
			
	 9.10
	  	 Patriot Act Notice
	  	52
			
	 9.11
	  	 Counterparts
	  	52
			
	 9.12
	  	 Severability
	  	52
			
	 9.13
	  	 Integration
	  	52
			
	 9.14
	  	 GOVERNING LAW
	  	52
			
	 9.15
	  	 Submission To Jurisdiction; Waivers
	  	52
			
	 9.16
	  	 Acknowledgements
	  	53
			
	 9.17
	  	 WAIVERS OF JURY TRIAL
	  	53
			
	 9.18
	  	 Effectiveness
	  	53

  

 iv 

 Schedules 
  

			
	 Schedule 1.1
	  	Banks and Commitments
	 Schedule 3.6
	  	Material Litigation

 Exhibits 
  

			
	 Exhibit A
	  	Note
	 Exhibit B
	  	Borrowing Certificate
	 Exhibit C
	  	Opinion of Counsel
	 Exhibit D
	  	Commitment Transfer Supplement

 CREDIT AGREEMENT, dated as of September 27, 2006, among FIRST FINANCIAL MANAGEMENT
CORPORATION, a Georgia corporation (the “Company”), the several banks and other financial institutions from time to time parties to this Agreement (the “Banks”), WACHOVIA BANK, NATIONAL ASSOCIATION, as
syndication agent (in such capacity, the “Syndication Agent”), MORGAN STANLEY BANK, as documentation agent (in such capacity, the “Documentation Agent”), and CITICORP NORTH AMERICA, INC., as
administrative agent for the Banks hereunder (in such capacity, the “Administrative Agent”). 
 WITNESSETH:

 WHEREAS, the Company has requested the Banks to make Loans to the Company, and the Banks are willing to make Loans to the
Company, subject to the terms and conditions hereof; 
 NOW, THEREFORE, in consideration of the premises, and of the mutual covenants
and agreements herein contained and other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto hereby agree as follows: 
 SECTION 1 
 DEFINITIONS 
 1.1 Defined Terms. As used in this Agreement, the following terms shall have the following meanings: 
 “ABR”: for any day, a rate per annum equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal
Funds Effective Rate in effect on such day plus 1/2 of 1%. For purposes hereof: “Prime Rate” shall mean, at any time, the rate of interest per annum publicly announced from time to time by Citibank at its principal office in New
York, New York as its base rate. Each change in the Prime Rate shall be effective as of the opening of business on the day such change in the Prime Rate occurs. The parties hereto acknowledge that the rate announced publicly by Citibank as its Prime
Rate is an index or base rate and shall not necessarily be its lowest or best rate charged to its customers or other banks; and “Federal Funds Effective Rate” shall mean, for any day, the weighted average of the rates on overnight
federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published on the next
succeeding Business Day, the average of the quotations for the day of such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by it. If for any reason the Administrative Agent shall
have determined (which determination shall be conclusive in the absence of manifest error) that it is unable to ascertain the Federal Funds Effective Rate, including the inability or failure of the Administrative Agent to obtain sufficient
quotations in accordance with the terms above, the ABR shall be determined without regard to clause (b) of the first sentence of this definition until the circumstances giving rise to such inability no longer exist. Any change in the ABR due to
a change in the Prime Rate or the Federal Funds Effective Rate shall be effective on the opening of business on the date of such change. 
 “ABR Loans”: Loans the rate of interest applicable to which is based upon the ABR. 

 “Affiliate”: as to any Person, any other Person (other than a Subsidiary) which,
directly or indirectly, is in control of, is controlled by, or is under common control with, such Person. For purposes of this definition, “control” of a Person means the power, directly or indirectly, either to (a) vote 10% or more
of the securities having ordinary voting power for the election of directors (or persons per forming similar functions) of such Person or (b) direct or cause the direction of the management and policies of such Person, whether by contract or
otherwise. 
 “Agreement”: this Credit Agreement, as amended, supplemented or otherwise modified from time to time.

 “Applicable Margin”: with respect to each day for each Type of Loan, the rate per annum based on the Ratings in effect on
such day, as set forth under the relevant column heading below: 
  

				
	 Rating
	  	Eurodollar
Loans	 
	 Rating I
	  	0.150	%
	 Rating II
	  	0.190	%
	 Rating III
	  	0.270	%
	 Rating IV
	  	0.350	%
	 Rating V
	  	0.525	%

 “Available Commitment”: as to any Bank at any time, an amount equal to the
excess, if any, of (a) the amount of such Bank’s Commitment over (b) the aggregate principal amount of all Loans made by such Bank then outstanding. 
 “Bankruptcy Code”: the Bankruptcy Code in Title 11 of the United States Code, as amended, modified, succeeded or replaced from time to time. 
 “Borrowing Certificate”: a notice of borrowing and certificate of the Company substantially in the form of Exhibit B. 

“Borrowing Date”: any Business Day specified in a notice furnished pursuant to subsection 2.3 as a date on which the Company
requests the Banks to make Loans hereunder. 
 “Business Day”: a day other than a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or required by law to close; provided, however, that when used to describe the date of any borrowing of, or any payment or interest rate determination in respect of, a Eurodollar Loan, the term
“Business Day” shall also exclude any day on which commercial banks are not open for dealings in Dollar deposits in the London interbank market. 
 “Capital Stock”: any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person
(other than a corporation) and any and all warrants or options to purchase any of the foregoing. 
  

 2 

 “Change of Control”: any acquisition by any Person or Group of Persons, either directly
or indirectly, of (a) the power to elect, appoint or cause the election or appointment of at least a majority of the members of the Board of Directors of the Company (or any other Person to which all or substantially all of the properties and
assets of the Company have been transferred), through beneficial ownership of the Capital Stock of the Company (or such other Person) or through contract, agreement, arrangement or proxy, or (b) all or substantially all of the properties and
assets of the Company. 
 “Citibank”: Citibank, N.A., together with its successors and/or assigns. 
 “Closing Date”: the date on which this Agreement becomes effective in accordance with subsection 4.1. 
 “CNAI”: Citicorp North America, Inc., together with its successors and/or assigns. 
 “Code”: the Internal Revenue Code of 1986, as amended from time to time. 
 “Commitment”: as to any Bank, the obligation of such Bank to make Loans to the Company hereunder in an aggregate principal amount at any
one time outstanding not to exceed the amount set forth opposite such Bank’s name on Schedule 1.1 or in the Commitment Transfer Supplement pursuant to which it became a Bank, as such amount may be reduced pursuant to subsection 2.5 or
subsection 9.6 or increased pursuant to subsection 9.6. 
 “Commitment Percentage”: as to any Bank at any time, the
percentage of the aggregate Commitments then constituted by such Bank’s Commitment. 
 “Commitment Period”: the period
from and including the Closing Date to but not including the Termination Date or such earlier date on which the Commitments shall terminate as provided herein. 
 “Commonly Controlled Entity”: an entity, whether or not incorporated, which is under common control with the Company within the meaning of Section 4001 of ERISA or is part of a group which
includes the Company and which is treated as a single employer under Section 414 of the Code. 
 “Competitor”: any
Person significantly and directly engaged in the business of payment instruments or consumer funds transfers. 
 “Consolidated Net
Assets”: the gross book value of the assets of the Company and its Subsidiaries (which under GAAP would appear on the consolidated balance sheet of the Company and its Subsidiaries) less all reserves (including, without limitation,
depreciation, depletion and amortization) applicable thereto and less (i) minority interests and (ii) liabilities (determined in accordance with GAAP) which, in accordance with their terms, will be settled within one year after the date of
determination. 
 “Consolidated Net Income”: the net income of the Company and its Subsidiaries (which under GAAP would
appear on the consolidated income statement of the Company and its Subsidiaries), excluding, however, (i) any equity of the Company or a Subsidiary in the 

  

 3 

 
unremitted earnings of any corporation which is not a Subsidiary, (ii) gains from the write-up in the book value of any asset and (iii) in the case
of an acquisition of any Person which is accounted for on a purchase basis, earnings of such Person prior to its becoming a Subsidiary. 
 “Consolidated Net Worth”: the sum of (i) the par value (or value stated on the books of such corporation) of the capital stock of all classes of the Company and its Subsidiaries, plus (or minus in the case of a
deficit) (ii) the amount of the consolidated surplus, whether capital or earned, of the Company and its Subsidiaries, and plus (or minus in the case of a deficit) (iii) retained earnings of the Company and its Subsidiaries, all as
determined in accordance with GAAP; provided, however, that Consolidated Net Worth shall exclude the effects of currency translation adjustments and the application of FAS 115. 
 “Contractual Obligation”: as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other
undertaking to which such Person is a party or by which it or any of its property is bound. 
 “Default”: any of the events
specified in Section 7, whether or not any requirement for the giving of notice, the lapse of time, or both, or any other condition, has been satisfied. 
 “Defaulted Amount”: with respect to any Bank at any time, any amount required to be paid by such Bank to the Administrative Agent or any other Bank hereunder at or prior to such time that has not been
so paid as of such time. In the event that a portion of a Defaulted Amount shall be deemed paid pursuant to Section 2.19(b), the remaining portion of such Defaulted Amount shall be considered a Defaulted Amount originally required to be paid
hereunder on the same date as the Defaulted Amount so deemed paid in part. 
 “Defaulting Bank”: at any time, a Bank that,
at such time, owes a Defaulted Loan or a Defaulted Amount. 
 “Defaulted Loan”: with respect to any Bank at any time, the
portion of any Loan required to be made by such Bank to the Company pursuant to Section 2.1 at or prior to such time that has not been made by such Bank. In the event that a portion of a Defaulted Loan shall be deemed paid pursuant to
Section 2.12(c), the remaining portion of such Defaulted Loan shall be considered a Defaulted Loan originally required to be paid hereunder on the same date as the Defaulted Loan so deemed paid in part. 
 “Dollars” and “$”: dollars in lawful currency of the United States of America. 
 “Domestic Dollar Loans”: the collective reference to ABR Loans. 
 “Environmental Laws”: any and all Federal, state, local or municipal laws, rules, orders, regulations, statutes, ordinances, codes,
decrees or requirements of any Governmental Authority regulating, relating to or imposing liability or standards of conduct concerning environmental protection matters. 
 “ERISA”: the Employee Retirement Income Security Act of 1974, as amended from time to time. 
  

 4 

 “Eurodollar Loans”: Loans the rate of interest applicable to which is based on the
Eurodollar Rate. 
 “Eurodollar Rate”: a rate per annum determined by the Administrative Agent pursuant to the following
formula: 
  

							
		 	Eurodollar Rate =	  	LIBOR	  	
		 		  	1.00 - Eurodollar Reserve Percentage	  	

 “Eurodollar Reserve Percentage”: for any day, the maximum rate (expressed as a
decimal and rounded upwards, if necessary, to the next higher 1/100th of 1%) at which any bank subject thereto would be required to maintain reserves under Regulation D of the Board of Governors of the Federal Reserve System (or any successor or
similar regulations relating to such reserve requirements) against Eurocurrency Liabilities (as that term is used in Regulation D), if such liabilities were outstanding. The Eurodollar Reserve Percentage shall be adjusted automatically on and as of
the effective date of any change in the Eurodollar Reserve Percentage. 
 “Event of Default”: any of the events specified in
Section 7, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, has been satisfied. 
 “Excluded Individuals”: with respect to any Person, the officers, directors, employees, agents and representatives of such Person involved, directly or indirectly, in the payment instruments and consumer funds transfer
business of such Person. 
 “Extension of Credit”: as to any Bank, the making of a Loan by such Bank. 
 “Facility Fee Rate”: for each day during each calculation period, a rate per annum based on the Ratings in effect on such day, as set
forth below: 
  

				
	 Rating
	  	Facility
Fee Rate	 
	 Rating I
	  	0.050	%
	 Rating II
	  	0.060	%
	 Rating III
	  	0.080	%
	 Rating IV
	  	0.100	%
	 Rating V
	  	0.125	%

 “Federal Funds Effective Rate”: as defined in the definition of “ABR”.

 “Federal Reserve Board”: the Board of Governors of the Federal Reserve System, and any Governmental Authority succeeding
to any of its principal functions. 
 “Financing Lease”: any lease of property, real or personal, the obligations of the
lessee in respect of which are required in accordance with GAAP to be capitalized on a balance sheet of the lessee. 
  

 5 

 “Funded Indebtedness”: any indebtedness for money borrowed, created, issued, incurred,
assumed or guaranteed which would, in accordance with GAAP, be classified as long-term debt, but in any event including all indebtedness for money borrowed, whether secured or unsecured, maturing more than one year, or extendible at the option of
the obligor to a date more than one year, after the date of determination thereof (excluding any amount thereof included in current liabilities). 
 “GAAP”: as to a particular Person, such accounting principles as, in the opinion of the independent public accountants regularly retained by such Person, conform at the time to United States generally accepted accounting
principles. 
 “Governmental Authority”: any nation or government, any state or other political subdivision thereof and any
entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 
 “Group
of Persons” means any related Persons that would constitute a “group” for purposes of Section 13(d) and Rule 13d-5 under the Securities Exchange Act of 1934, as amended (as such Section and Rule are in effect as of the
date of this Agreement). 
 “Guarantee Obligation”: as to any Person (the “guaranteeing person”), and without
duplication, any obligation of (a) the guaranteeing person or (b) another Person (including, without limitation, any bank under any letter of credit) to induce the creation of which the guaranteeing person has issued a reimbursement,
counterindemnity or similar obligation, in either case guaranteeing the payment or in effect guaranteeing the payment of any Indebtedness (the “primary obligations”) of any other third Person (the “primary obligor”) in any
manner, whether directly or indirectly, including, without limitation, any obligation of the guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect security
therefor, (ii) to advance or supply funds (1) for the purchase or payment of any such primary obligation or (2) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of
the primary obligor or (iii) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation; provided,
however, that the term Guarantee Obligation shall not include (x) endorsements of instruments for deposit or collection in the ordinary course of business or (y) any bond or guarantee given by the Company or any Subsidiary on behalf of any
Subsidiary solely for the performance of contractual obligations with customers or on behalf of customers in the ordinary course of business. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of
(a) an amount equal to the stated or determinable amount of the primary payment obligation in respect of which such Guarantee Obligation is made and (b) the maximum amount for which such guaranteeing person may be liable pursuant to the
terms of the instrument embodying such Guarantee Obligation, unless such primary obligation and the maximum amount for which such guaranteeing person may be liable are not stated or determinable, in which case the amount of such Guarantee Obligation
shall be such guaranteeing person’s maximum reasonably anticipated liability in respect thereof as determined by the Company in good faith. 
  

 6 

 “Indebtedness”: of any Person at any date and without duplication, (a) all
indebtedness of such Person for borrowed money or for the deferred purchase price of property or services (other than trade liabilities not more than 60 days past due incurred in the ordinary course of business and payable in accordance with
customary practices or endorsements for the purpose of collection in the ordinary course of business and excluding the deferred purchase price of property or services to be repaid through earnings of the purchaser to the extent such amount is not
characterized as indebtedness in accordance with GAAP), (b) any other indebtedness of such Person which is evidenced by a note, bond, debenture or similar instrument, (c) all obligations of such Person under Financing Leases, (d) all
payment obligations of such Person in respect of acceptances issued or created for the account of such Person and (e) all liabilities secured by any Lien on any property owned by such Person even though such Person has not assumed or otherwise
become liable for the payment thereof; provided that, if such Person has not assumed or otherwise become liable in respect of such indebtedness, such obligations shall be deemed to be in an amount equal to the lesser of (i) the amount of such
indebtedness and (ii) the book value of the property subject to such Lien at the time of determination. For the purposes of this definition, the following shall not constitute Indebtedness: the issuance of payment instruments, consumer funds
transfers, or other amounts paid to or received by the Company, any of its Subsidiaries or any agent thereof in the ordinary course of business in order for the Company or such Subsidiary to make further distribution to a third party, to the extent
payment in respect thereof has been received by the Company, such Subsidiary or any agent thereof. 
 “Information
Materials” the Confidential Information Memorandum dated September 2006 in respect of the $1,500,000,000 credit facility to be entered into by the Parent, including all supplements and amendments thereto. 
 “Insolvency”: with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245
of ERISA. 
 “Insolvent”: pertaining to a condition of Insolvency. 
 “Interest Payment Date”: (a) as to any ABR Loan, the last day of each March, June, September and December and the Termination Date,
(b) as to any Eurodollar Loan having an Interest Period of three months or less, the last day of such Interest Period and (c) as to any Eurodollar Loan having an Interest Period longer than three months, each day which is three months or a
whole multiple thereof, after the first day of such Interest Period and the last day of such Interest Period. 
 “Interest
Period”: 
 (a) initially, the period commencing on the borrowing or conversion date, as the case may be, with
respect to such Eurodollar Loan and ending one, two, three, six, or, subject to clause (vi) of this definition, two weeks or nine or twelve months thereafter, as selected by the Company in its notice of borrowing or notice of conversion, as the
case may be, given with respect thereto; and 
 (b) thereafter, each period commencing on the last day of the next preceding
Interest Period applicable to such Eurodollar Loan and ending one, two, three, six, or, 

  

 7 

 
subject to clause (vi) of this definition, two weeks or nine or twelve months thereafter, as selected by the Company by irrevocable notice to the
Administrative Agent not less than three Business Days prior to the last day of the then current Interest Period with respect thereto; and 
 provided that,
all of the foregoing provisions relating to Interest Periods are subject to the following: 
 (i) if any Interest Period
pertaining to a Eurodollar Loan would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless the result of such extension would be to carry such Interest Period into
another calendar month in which event such Interest Period shall end on the immediately preceding Business Day; 
 (ii) any
Interest Period that would otherwise extend beyond the Termination Date shall end on the Termination Date; 
 (iii) if the
Company shall fail to give notice as provided in clause (b) above, the Company shall be deemed to have selected an ABR Loan to replace the affected Eurodollar Loan; 
 (iv) any Interest Period pertaining to a Eurodollar Loan that begins on the last Business Day of a calendar month (or on a day for which
there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month; 
 (v) no more than eight (8) Eurodollar Loans may be in effect at any time. For purposes hereof, Eurodollar Loans with different Interest Periods shall be considered as separate Eurodollar Loans, even if they shall
begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period; and

 (vi) in the case of any such Eurodollar Loans, the Company and shall not be entitled to select an Interest Period having a
duration of two weeks, nine or twelve months unless, by 2:00 P.M. (New York City time) on the third Business Day prior to the first day of such Interest Period, each Bank notifies the Administrative Agent that such Bank will be providing funding for
such Eurodollar Loans with such Interest Period (the failure of any Bank to so respond by such time being deemed for all purposes of this Agreement as an objection by such Bank to the requested duration of such Interest Period); provided that, if
any or all of the Banks object to the requested duration of such Interest Period, the duration of the Interest Period for such Eurodollar Loans shall be one, two, three or six months, as specified by the Company in the applicable Borrowing
Certificate as the desired alternative to an Interest Period of two weeks or nine or twelve months, provided, that the Company shall not be entitled to select an Interest Period having duration of two weeks for any Interest Period commencing later
than December 29, 2006. 
  

 8 

 “Lead Arrangers”: Citigroup Global Markets Inc., Wachovia Capital Markets, LLC and
Morgan Stanley Bank. 
 “LIBOR”: for any Eurodollar Loan for any Interest Period therefor, either (a) the rate of
interest per annum determined by the Administrative Agent appearing on the Telerate Page 3750 (or any successor page) (or (i) such other page or service as may replace such page on such system or service for the purpose of displaying such rate
and (ii) if more than one rate appears on such screen, the arithmetic mean for all such rates) as the London interbank offered rate for deposits in Dollars at approximately 11:00 A.M. (London time), on the second full Business Day preceding the
first day of such Interest Period, and in an amount approximately equal to the amount of the Eurodollar Loan and for a period approximately equal to such Interest Period or (b) if such rate is for any reason not available, the rate per annum
equal to the rate at which the Administrative Agent or its designee is offered deposits in Dollars at or about 11:00 A.M. (London time), two Business Days prior to the beginning of such Interest Period in the interbank eurodollar market where the
eurodollar and exchange operations in respect of its Eurodollar Loans are then being conducted for settlement in immediately available funds, for delivery on the first day of such Interest Period for the number of days comprised therein, and in an
amount comparable to the amount of the Eurodollar Loan to be outstanding during such Interest Period. 
 “Lien”: any
mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature
whatsoever (including, without limitation, any conditional sale or other title retention agreement and any Financing Lease having substantially the same economic effect as any of the foregoing), it being understood that the holding of money or
investments for the purpose of honoring payment instruments or consumer funds transfers, or other amounts paid to or received by the Company, any of its Subsidiaries or any agent thereof in the ordinary course of business in order for the Company or
such Subsidiary to make further distribution to a third party, shall not be considered a “Lien” for the purposes of this definition. 
 “Loan Documents”: this Agreement and the Notes. 
 “Loan”: as defined in subsection 2.1.

 “Majority Banks”: at any time, the Banks holding (or under subsection 2.19(e) participating in) more than 50% of the
aggregate unpaid principal amount of the Loans or, if no Loans are then outstanding, the Banks holding more than 50% of the aggregate amount of the Commitments. 
 “Material Adverse Effect”: a material adverse effect on the ability of the Company to perform its obligations under this Agreement or the Notes. 
 “Moody’s”: Moody’s Investors Service, Inc. 
 “Multiemployer Plan”: a Plan which is a multiemployer plan as defined in Section 4001(a)(3) of ERISA. 
 “Note”: as defined in subsection 2.2. 
  

 9 

 “Obligations”: all of the obligations, indebtedness and liabilities of the Company to
the Banks and the Administrative Agent, whenever arising, under this Agreement, the Notes or any of the other Loan Documents including principal, interest, fees, reimbursements and indemnification obligations and other amounts (including, but not
limited to, any interest accruing after the occurrence of a filing of a petition of bankruptcy under the Bankruptcy Code with respect to the Company, regardless of whether such interest is an allowed claim under the Bankruptcy Code). 
 “Parent”: The Western Union Company, a Delaware corporation, and its successors and assigns. 
 “Participant”: as defined in subsection 9.6(b). 
 “PBGC”: the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA. 
 “Person”: an individual, corporation, partnership, joint venture, association, joint stock company, trust, unincorporated organization, Governmental Authority or other entity of whatever nature.

 “Plan”: at a particular time, any employee benefit plan which is covered by ERISA and in respect of which the Company or
a Commonly Controlled Entity is (or, if such plan were terminated at such time, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 
 “Prime Rate”: as defined in the definition of ABR. 
 “Principal Facility”: the real property, fixtures, machinery and equipment relating to any facility owned by the Company or any Subsidiary, except for any facility that, in the opinion of the Board of
Directors of the Company, is not of material importance to the business conducted by the Company and its Subsidiaries, taken as a whole. 
 “Purchased Receivables”: accounts receivable purchased by the Company or any of its Subsidiaries from third parties and not originally created by the sale of goods or services by the Company or any of its Subsidiaries.

 “Purchased Receivables Financing”: any financing transaction pursuant to which Purchased Receivables are sold,
transferred, securitized or otherwise financed by any Receivables Subsidiary and as to which there is no recourse to the Company or any of its other Subsidiaries (other than customary representations and warranties made in connection with the sale
or transfer of Purchased Receivables). 
 “Purchasing Banks”: as defined in subsection 9.6(c). 
 “Rating”: the respective rating of each of the Rating Agencies applicable to the long-term senior unsecured non-credit enhanced debt of
the Parent, as announced by the Rating Agencies from time to time. 
  

 10 

 “Rating Agencies”: collectively, S&P and Moody’s. 
 “Rating Category”: each of Rating I, Rating II, Rating III, Rating IV and Rating V. 
 “Rating I”, “Rating II”, “Rating III”, “Rating IV” and “Rating V”:
the respective Ratings set forth below: 
  

					
	 Rating
Category
	  	 S&P
	  	 Moody’s

			
	 Rating I
	  	 greater than or equal to A
	  	 greater than or equal to A2

			
	 Rating II
	  	 equal to A-
	  	 equal to A3

			
	 Rating III
	  	 equal to BBB+
	  	 equal to Baa1

			
	 Rating IV
	  	 equal to BBB
	  	 equal to Baa2•

			
	 Rating V
	  	 less than BBB
	  	 less than Baa2

 provided, that (i) if on any day the Ratings of the Rating Agencies do not fall in the same Rating Category,
and the lower of such Ratings (i.e., the Rating Category designated by a numerically higher Roman numeral) is one Rating Category lower than the higher of such Ratings, then the Rating Category of the higher of such Ratings shall be applicable for
such day, (ii) if on any day the Ratings of the Rating Agencies do not fall in the same Rating Category, and the lower of such Ratings is more than one Rating Category lower than the higher of such Ratings, then the Rating Category next lower
from that of the higher of such Ratings shall be applicable for such day, (iii) if on any day the Rating of only one of the Rating Agencies is available, then the Rating Category determined by such Rating shall be applicable for such day and
(iv) if on any day a Rating is available from neither of the Rating Agencies, then Rating V shall be applicable for such day. Any change in the applicable Rating Category resulting from a change in the Rating of a Rating Agency shall
become effective on the date such change is publicly announced by such Rating Agency. 
 “Receivables Subsidiary”: any
Subsidiary of the Company which purchases Purchased Receivables directly or to which Purchased Receivables are transferred by the Company or any of its Subsidiaries, in either case with the intention of engaging in a Purchased Receivables Financing.

 “Regulation U”: Regulation U of the Board of Governors of the Federal Reserve System. 
 “Regulation X”: Regulation X of the Board of Governors of the Federal Reserve System. 
 “Reorganization”: with respect to any Multiemployer Plan, the condition that such plan is in reorganization within the meaning of
Section 4241 of ERISA. 
  

 11 

 “Reportable Event”: any of the events set forth in Section 4043(b) of ERISA, other
than those events as to which the thirty day notice period is waived by the PBGC. 
 “Requirement of Law”: as to any Person,
the Certificate of Incorporation and By-Laws or other organizational or governing documents of such Person, and any law (including, without limitation, Environmental Laws), treaty, rule or regulation or determination of an arbitrator or a court or
other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 
 “Responsible Officer”: the president, chief financial officer, treasurer or any vice-president of the Company. 
 “S&P”: Standard & Poor’s Ratings Services. 
 “Short-Term
Ratings”: with respect to any Person, the short-term debt ratings of such Person issued by the Rating Agencies. 
 “Significant Subsidiary”: at any date, any Subsidiary of the Company which, together with its Subsidiaries, (i) has a proportionate share of Consolidated Net Assets that exceeds 10% at the time of determination or
(ii) has equity in the Consolidated Net Income that exceeds 10% for the period of the four most recently completed fiscal quarters preceding the time of determination. 
 “Single Employer Plan”: any Plan which is covered by Title IV of ERISA, but which is not a Multiemployer Plan. 
 “Spin-Off Financial Statements”: means combined financial statements of the Parent and its Subsidiaries delivered to the Administrative
Agent in connection with this Agreement, including the audited financial statement for the fiscal year ended December 31, 2005 and the unaudited pro forma financial statements included in the Western Union Form 10. 
 “Subsidiary”: as to any Person, a corporation, partnership or other entity of which shares of stock or other ownership interests having
ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership or other
entity are at the time owned, directly or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to
a Subsidiary or Subsidiaries of the Company. 
 “Termination Date”: September 26, 2007. 
 “Tranche”: the reference to Eurodollar Loans the Interest Periods with respect to all of which begin on the same date and end on the
same later date (whether or not such Loans shall originally have been made on the same day); Tranches may be identified as “Eurodollar Tranches”. 
 “Transferee”: as defined in subsection 9.6(f). 
  

 12 

 “Type”: as to any Loan, its nature as an ABR Loan or a Eurodollar Loan. 
 “Western Union Form 10”: the Form 10 of the Parent, filed with the Securities Exchange Commission on June 6, 2006, as amended prior
to the Closing Date. 
 1.2 Other Definitional Provisions. 
 (a) Unless otherwise specified therein, all terms defined in this Agreement shall have the defined meanings when used in the Notes or any
certificate or other document made or delivered pursuant hereto. 
 (b) As used herein and in the Notes, and any certificate
or other document made or delivered pursuant hereto, accounting terms relating to the Company and its Subsidiaries not defined in subsection 1.1 and accounting terms partly defined in subsection 1.1, to the extent not defined, shall have
the respective meanings given to them under GAAP. 
 (c) The words “hereof”, “herein” and
“hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, subsection, Schedule and Exhibit references are to this
Agreement unless otherwise specified. 
 (d) The meanings given to terms defined herein shall be equally applicable to both
the singular and plural forms of such terms. 
 1.3 Accounting Terms. 
 Unless otherwise specified herein, all accounting terms used herein shall be interpreted, and all accounting determinations hereunder shall be made, in
accordance with GAAP applied on a basis consistent with the most recent audited consolidated financial statements of the Company delivered to the Banks; provided that, if at any time any change in GAAP would affect the computation of any financial
ratio or requirement set forth in this Agreement, and the Company, the Majority Banks or the Administrative Agent shall so request, the Administrative Agent, the Banks and the Company shall negotiate in good faith to amend such ratio or requirement
to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Majority Banks); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior
to such change therein and (ii) the Company shall provide to the Administrative Agent financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between
calculations of such ratio or requirement made before and after giving effect to such change in GAAP. 
  

 13 

 SECTION 2 
 AMOUNT AND TERMS OF COMMITMENTS 
 2.1 Commitments. 
 (a) Subject to the terms and conditions hereof, each Bank severally agrees to make a loan (each, a “Loan”; collectively,
the “Loans”) in Dollars to the Company on any single Business Day during the Commitment Period in a principal amount which shall not exceed the amount of such Bank’s Commitment. Amounts borrowed under this Section 2.1(a)
and repaid or prepaid may not be reborrowed. 
 (b) The Loans may from time to time be (i) Eurodollar Loans,
(ii) ABR Loans, or (iii) a combination thereof, as determined by the Company and notified to the Administrative Agent in accordance with subsections 2.3 and 2.7, provided that no Loan shall be made as a Eurodollar Loan after the day
that is one month prior to the Termination Date. 
 2.2 Notes. The Loans made by each Bank shall be evidenced by a promissory note of
the Company, substantially in the form of Exhibit A with appropriate insertions as to payee, date and principal amount (a “Note”), payable to the order of such Bank and in a principal amount equal to such Bank’s Commitment.
Each Bank is hereby authorized to record the date, Type and amount of each Loan made by such Bank, each continuation thereof, each conversion of all or a portion thereof to another Type, the date and amount of each payment or prepayment of principal
thereof and, in the case of Eurodollar Loans, the length of each Interest Period with respect thereto, on the schedule annexed to and constituting a part of its Note, and any such recordation shall constitute prima facie evidence of the accuracy of
the information so recorded, provided that the failure of any Bank to make any such recordation (or any error in such recordation) shall not affect the obligations of the Company hereunder or under any Note in respect of the Loans. Each Note shall
(x) be dated the Closing Date, (y) be stated to mature on the Termination Date and (z) provide for the payment of interest in accordance with subsection 2.9. 
 2.3 Procedure for Borrowing. The Company may borrow under the Commitments during the Commitment Period on any Business Day, provided that the
Company shall deliver to the Administrative Agent a Borrowing Certificate (which certificate to be effective on the requested Borrowing Date must be received by the Administrative Agent (a) prior to 12:00 noon, New York City time, three
Business Days prior to the requested Borrowing Date, if all or any part of the requested Loans are to be initially Eurodollar Loans and (b) prior to 12:00 noon, New York City time, on the requested Borrowing Date, otherwise), specifying
(i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iiii) if the borrowing is to be entirely or partly of Eurodollar
Loans, the aggregate amount of such Eurodollar Loans and the amounts of each such Eurodollar Loan and the respective length of the initial Interest Period therefor. Each borrowing under the Commitments shall be in an amount equal to (x) in the
case of ABR Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the then Available Commitments are less than $5,000,000, such lesser amount) and (y) in the case of Eurodollar 

  

 14 

 
Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Upon receipt of a Borrowing Certificate, the Administrative Agent shall promptly
notify each Bank thereof. 
 Each Bank will make the amount of its pro rata share of each borrowing available to the Administrative Agent for
the account of the Company at the applicable office of the Administrative Agent specified in subsection 9.2 or such other office specified by the Administrative Agent from time to time prior to 2:00 P.M., New York City time in the case of
ABR Loans and 11:00 A.M., New York City time in the case of Eurodollar Loans on the Borrowing Date requested by the Company in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the Company by
the Administrative Agent crediting the account of the Company on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Banks and in like funds as received by the Administrative Agent.

 2.4 Fees. 
 The
Company agrees to pay to the Administrative Agent, for the account of each Bank, a facility fee for the period from and including the Closing Date through the Termination Date, calculated as an amount equal to the product of (i) the Facility
Fee Rate and (ii) the average daily amount of the Commitment of such Bank (regardless of usage) during the period for which such facility fee is calculated, payable in arrears on the last day of each December, March, June and September (for the
quarterly period ended on such date) and on the Termination Date or such earlier date on which the Commitments shall terminate as provided herein (for the period from the last quarterly payment date to the Termination Date or such other date, as
applicable). Such payments shall commence on December 31, 2006, and such first payment shall be for the period from the Closing Date through December 31, 2006. 
 2.5 Termination or Reduction of Commitments. (a) Optional. The Company shall have the right, upon not less than five Business Days’ notice to the Administrative Agent, to terminate the
Commitments or, from time to time, to reduce the amount of the Commitments, provided that no such termination or reduction shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the
aggregate principal amount of the Loans then outstanding would exceed the Commitments then in effect. Upon receipt of any such notice the Administrative Agent shall promptly notify each Bank thereof. Any such reduction shall be in an amount equal to
$5,000,000 or a whole multiple of $1,000,000 in excess thereof and shall reduce permanently the Commitments then in effect. 
 (b) Mandatory. The Commitments shall automatically and permanently terminate on the date of the initial Borrowing. 
 2.6
Prepayments. 
 (a) Optional. Subject to subsection 2.16, the Company may at any time and from time to time
prepay the Loans, in whole or in part, without premium or penalty, upon irrevocable notice to the Administrative Agent given prior to 10:00 A.M., New York City time, at least three Business Days in advance in the case of Eurodollar Loans and on
the requested prepayment date in the case of ABR Loans, specifying the date and 

  

 15 

 
amount of prepayment and whether the prepayment is of Eurodollar Loans, ABR Loans or a combination thereof, and, if of a combination thereof, the amount
allocable to each. Upon receipt of any such notice the Administrative Agent shall promptly notify each Bank thereof. If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein. Partial
prepayments shall be in an aggregate principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof. 
 (b) Mandatory. On the first Business Day after the Company or any of its Subsidiaries receives net cash proceeds from (i) the issuance or incurrence of indebtedness for borrowed money in the capital markets having a stated
maturity of longer than 270 days, (ii) the issuance of equity interests in the capital markets or (iii) the sale of assets in a transaction or series of related transactions (other than sales of assets in the ordinary course of business or
otherwise by the Company or any of its Subsidiaries to the Company or any other Subsidiary of the Company) the consideration for which is $250,000,000 or more, the Company shall ratably repay the Advances by an amount equal to such net cash
proceeds. 
 2.7 Conversion and Continuation Options. 
 (a) The Company may elect from time to time to convert Loans that are Eurodollar Loans to ABR Loans, by giving the Administrative Agent at
least two Business Days’ prior irrevocable notice of such election, provided that any such conversion of Eurodollar Loans may only be made on the last day of an Interest Period with respect thereto. The Company may elect from time to time to
convert ABR Loans to Eurodollar Loans by giving the Administrative Agent at least three Business Days’ prior irrevocable notice of such election. Any such notice of conversion to Eurodollar Loans shall specify the length of the initial Interest
Period or Interest Periods therefor. Upon receipt of any such notice the Administrative Agent shall promptly notify each Bank thereof. All or any part of outstanding Eurodollar Loans and ABR Loans may be converted as provided herein, provided that
(i) no Loan may be converted into a Eurodollar Loan when any Event of Default has occurred and is continuing and the Administrative Agent or the Majority Banks have determined that such a conversion is not appropriate, (ii) any such
conversion may only be made if, after giving effect thereto, subsection 2.8 shall not have been contravened and (iii) no Loan may be converted into a Eurodollar Loan after the date that is one month prior to the Termination Date. 
 (b) Any Loans that are Eurodollar Loans may be continued as such upon the expiration of the then current Interest Period with respect
thereto by the Company giving notice to the Administrative Agent, in accordance with the applicable provisions of the term “Interest Period” set forth in subsection 1.1, of the length of the next Interest Period to be applicable to
such Loans, provided that no Eurodollar Loan may be continued as such (i) when any Event of Default has occurred and is continuing and the Administrative Agent or the Majority Banks have determined that such a continuation is not appropriate,
(ii) if, after giving effect thereto, subsection 2.8 would be contravened or (iii) after the date that is one month prior to the Termination Date and provided, further, that if the Company shall fail to give any required notice as
described above in this paragraph or if 

  

 16 

 
such continuation is not permitted pursuant to the preceding proviso such Loans shall be automatically converted to ABR Loans on the last day of such then
expiring Interest Period. Upon receipt of any such notice the Administrative Agent shall promptly notify each Bank thereof. 
 2.8 Minimum
Amounts of Tranches. All borrowings, conversions and continuations of Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the
aggregate principal amount of the Loans comprising each Eurodollar Tranche shall be equal to an amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof. 
 2.9 Interest Rates and Payment Dates. 
 (a) Each ABR Loan shall bear interest at a
rate per annum equal to the ABR. 
 (b) Each Loan that is a Eurodollar Loan shall bear interest for each day during each
Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such Interest Period plus the Applicable Margin. 
 (c) If all or a portion of (i) the principal amount of any Loan or (ii) any interest payable thereon shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue
amount shall bear interest at a rate per annum which is (x) in the case of overdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of overdue
interest, the rate described in paragraph (a) of this subsection plus 2%, in each case from the date of such non-payment until such amount is paid in full (as well after as before judgment). 
 (d) Interest on each Loan shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to
paragraph (c) of this subsection shall be payable on demand. 
 2.10 Computation of Interest and Fees. 
 (a) Facility fees and, whenever it is calculated on the basis of the Prime Rate, interest on ABR Loans shall be calculated on the basis of
a 365- (or 366-, as the case may be) day year for the actual days elapsed; otherwise, interest shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Company
and the Banks of each determination of a Eurodollar Rate. The Administrative Agent shall as soon as practicable notify the Company and the Banks of the effective date and the amount of each such change in interest rate. 
 (b) Each determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive and
binding on the Company and the Banks in the absence of manifest error. The Administrative Agent shall, at the request of the Company, deliver to the Company a statement showing the 

  

 17 

 
quotations used by the Administrative Agent in determining any interest rate pursuant to subsection 2.9(b) or (c). 
 2.11 Inability to Determine Interest Rate. In the event that prior to the first day of any Interest Period: 
 (a) the Administrative Agent shall have determined (which determination shall be conclusive and binding upon the Company) that, by reason
of circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining the Eurodollar Rate for such Interest Period, or 
 (b) the Administrative Agent shall have received notice from the Majority Banks that the Eurodollar Rate determined or to be determined
for such Interest Period will not adequately and fairly reflect the cost to such Banks (as conclusively certified by such Banks) of making or maintaining their affected Loans during such Interest Period, the Administrative Agent shall give telecopy
or telephonic (confirmed in writing) notice thereof to the Company and the Banks as soon as practicable thereafter. If such notice is given (x) any Eurodollar Loans requested to be made on the first day of such Interest Period shall be made as
ABR Loans, (y) any Loans that were to have been converted on the first day of such Interest Period to Eurodollar Loans shall be converted to or continued as ABR Loans and (z) any Loans that pursuant to subsection 2.7(b) were to have
been continued on the first day of such Interest Period as Eurodollar Loans shall be converted to ABR Loans. Until such notice has been withdrawn by the Administrative Agent, no further Eurodollar Loans shall be made or continued as such, nor shall
the Company have the right to convert Loans to Eurodollar Loans. 
 2.12 Pro Rata Treatment and Payments. 
 (a) Each borrowing of Loans and any reduction of the Commitments shall be made pro rata according to the respective
Commitment Percentages of the Banks. Unless otherwise required by the terms of this Agreement, each payment under this Agreement or any Note shall be applied, first, to any fees then due and owing by the Company pursuant to subsection 2.4,
second, to interest then due and owing in respect of the Notes of the Company and, third, to principal then due and owing hereunder and under the Notes of the Company. Each payment on account of any fees pursuant to subsection 2.4 for the
account of the Banks shall be made pro rata in accordance with the respective amounts due and owing. Each payment (other than prepayments) by the Company on account of principal of and interest on the Loans shall be made pro
rata according to the respective amounts due and owing. Payments made pursuant to subsection 2.13 shall be applied in accordance with such section. All payments (including prepayments) to be made by the Company on account of principal,
interest and fees shall be made without defense, set-off or counterclaim (except as provided in subsection 2.15(b)) and shall be made to the Administrative Agent for the account of the Banks at the Administrative Agent’s office specified
in subsection 9.2 or such other office specified by the 

  

 18 

 
Administrative Agent in immediately available funds and shall be made in Dollars not later than 12:00 noon New York City time on the date when due. Any
payment received after the foregoing deadlines shall be deemed received on the next Business Day. The Administrative Agent shall distribute such payments to the Banks entitled thereto promptly upon receipt in like funds as received. If any payment
hereunder (other than payments on the Eurodollar Loans) becomes due and payable on a day other than a Business Day, such payment shall be extended to the next succeeding Business Day, and, with respect to payments of principal, interest thereon
shall be payable at the then applicable rate during such extension. If any payment on a Eurodollar Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day unless the
result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day. 
 (b) Notwithstanding any other provisions of this Agreement to the contrary, after the exercise of remedies by the Administrative Agent or
the Banks pursuant to Section 7 (or after the Commitments shall automatically terminate and the Loans (with accrued interest thereon) and all other amounts under the Loan Documents shall automatically become due and payable in accordance with
the terms of such Section), all amounts collected or received by the Administrative Agent or any Bank on account of the Obligations or any other amounts outstanding under any of the Loan Documents shall be paid over or delivered as follows:

 FIRST, to the payment of all reasonable out-of-pocket costs and expenses (including without limitation reasonable
attorneys’ fees) of the Administrative Agent in connection with enforcing the rights of the Banks under the Loan Documents; 
 SECOND, to the payment of any fees owed to the Administrative Agent; 
 THIRD, to the payment of all reasonable
out-of-pocket costs and expenses (including without limitation, reasonable attorneys’ fees) of each of the Banks in connection with enforcing its rights under the Loan Documents or otherwise with respect to the Obligations owing to such Bank;

 FOURTH, to the payment of all of the Obligations consisting of accrued fees and interest; 
 FIFTH, to the payment of the outstanding principal amount of the Obligations; 
 SIXTH, to all other Obligations and other obligations which shall have become due and payable under the Loan Documents or otherwise and
not repaid pursuant to clauses ”FIRST” through “FIFTH” above; and 
 SEVENTH, to the payment of the
surplus, if any, to whoever may be lawfully entitled to receive such surplus. 
 In carrying out the foregoing,
(i) amounts received shall be applied in the numerical order provided until exhausted prior to application to the next succeeding 

  

 19 

 
category; and (ii) each of the Banks shall receive an amount equal to its pro rata share (based on the proportion that the then outstanding Loans held
by such Bank bears to the aggregate then outstanding Loans) of amounts available to be applied pursuant to clauses ”THIRD”, “FOURTH”, “FIFTH” and “SIXTH” above. 
 (c) Unless the Administrative Agent shall have been notified in writing by any Bank prior to a Borrowing Date that such Bank will not make
the amount that would constitute its Commitment Percentage of the borrowing of a Loan on such date available to the Administrative Agent, the Administrative Agent may assume that such Bank has made such amount available to the Administrative Agent
on such Borrowing Date, and the Administrative Agent may, in reliance upon such assumption, make available to the Company a corresponding amount. If such amount is made available to the Administrative Agent on a date after such Borrowing Date, such
Bank shall pay to the Administrative Agent on demand an amount equal to the product of (i) the daily average Federal Funds Effective Rate (as defined in the definition of “ABR”) during such period as quoted by the Administrative
Agent, (ii) the amount of such Bank’s Commitment Percentage of such borrowing, and (iii) a fraction the numerator of which is the number of days that elapse from and including such Borrowing Date to the date on which such Bank’s
Commitment Percentage of such borrowing shall have become immediately available to the Administrative Agent and the denominator of which is 360. A certificate of the Administrative Agent submitted to any Bank with respect to any amounts owing under
this subsection shall be conclusive in the absence of manifest error. If such Bank’s Commitment Percentage of such borrowing is not in fact made available to the Administrative Agent by such Bank within three Business Days of such Borrowing
Date, the Administrative Agent shall be entitled to recover such amount with interest thereon at the rate per annum applicable to ABR Loans hereunder, on demand, from the Company. 
 (d) Unless the Administrative Agent shall have been notified in writing by the Company, prior to the date on which any payment is due from
the Company hereunder (which notice shall be effective upon receipt) that the Company does not intend to make such payment, the Administrative Agent may assume that the Company has made such payment when due, and the Administrative Agent may in
reliance upon such assumption (but shall not be required to) make available to each Bank on such payment date an amount equal to the portion of such assumed payment to which such Bank is entitled hereunder, and if the Company has not in fact made
such payment to the Administrative Agent, such Bank shall, on demand, repay to the Administrative Agent the amount made available to such Bank. If such amount is repaid to the Administrative Agent on a date after the date such amount was made
available to such Bank, such Bank shall pay to the Administrative Agent on demand interest on such amount in respect of each day from the date such amount was made available by the Administrative Agent to such Bank to the date such amount is
recovered by the Administrative Agent at a per annum rate equal to the Federal Funds Effective Rate. A certificate of the Administrative Agent submitted to the Company with respect to any amount owing under this subsection shall be conclusive in the
absence of manifest error. 
  

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 2.13 Illegality. 
 Notwithstanding any other provision herein, if any change in any Requirement of Law or in the interpretation or application thereof shall
make it unlawful for any Bank to make or maintain Eurodollar Loans as contemplated by this Agreement, (i) the commitment of such Bank hereunder to make Eurodollar Loans, continue Eurodollar Loans as such and convert Domestic Dollar Loans to
Eurodollar Loans shall forthwith be cancelled and (ii) such Bank’s Loans then outstanding as Eurodollar Loans, if any, shall be converted automatically to ABR Loans on the respective last days of the then current Interest Periods with
respect to such Loans or within such earlier period as required by law. If any such conversion of a Eurodollar Loan occurs on a day which is not the last day of the then current Interest Period with respect thereto, the Company shall pay to such
Bank such amounts, if any, as may be required pursuant to subsection 2.16. 
 2.14 Requirements of Law. 
 (a) In the event that Eurodollar Reserve Percentage or any change in any Requirement of Law or in the interpretation or application
thereof after the date of this Agreement or compliance by any Bank with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority made subsequent to the date hereof: 
 (i) shall subject any Bank to any tax of any kind whatsoever with respect to this Agreement, any Note or any application related thereto,
or any Eurodollar Loan made by it, or change the basis of taxation of payments to such Bank in respect thereof (except for taxes covered by subsection 2.15 and changes in franchise taxes or the rate of tax on the overall net income of such
Bank); 
 (ii) shall impose, modify or hold applicable any reserve, special deposit, compulsory loan or similar requirement
against assets held by, deposits or other liabilities in or for the account of, advances, loans or other extensions of credit by, or any other acquisition of funds by, any office of such Bank which is not otherwise included in the determination of
the Eurodollar Rate hereunder; or 
 (iii) shall impose on such Bank any other condition; 
 and the result of any of the foregoing is to increase the cost to such Bank, by an amount which such Bank deems to be material, of making, converting
into, continuing or maintaining Eurodollar Loans, or to reduce any amount receivable hereunder in respect thereof then, in any such case, the Company shall promptly pay such Bank, upon its demand, any additional amounts necessary to compensate such
Bank for such increased cost or reduced amount receivable as provided in this Section 2.14(a). If any Bank becomes entitled to claim any additional amounts pursuant to this subsection, it shall promptly notify the Company, through the
Administrative Agent, of the event by reason of which it has become so entitled. A certificate as to any additional amounts payable pursuant to this subsection submitted by such Bank, through the Administrative Agent, to the Company in good faith
and setting forth in reasonable detail the calculation of such 

  

 21 

 
amounts shall be conclusive in the absence of manifest error; provided that the Company’s obligations under this Section 2.14(a) shall be limited
to amounts accruing not more than 180 days prior to the invoice thereof by such Bank (such time period to be extended as necessary to take into account any retroactive application of a change in law giving rise to such obligations). This covenant
shall survive the termination of this Agreement and the payment of the Notes and all other amounts payable hereunder until the second anniversary of such payment and termination. 
 (b) In the event that any Bank or corporation controlling such Bank shall have determined that any change in any Requirement of Law
regarding capital adequacy or in the interpretation or application thereof or compliance by such Bank or such corporation with any request or directive regarding capital adequacy (whether or not having the force of law) from any Governmental
Authority made subsequent to the date hereof does or shall have the effect of reducing the rate of return on such Bank’s capital as a consequence of its obligations hereunder to a level below that which such Bank could have achieved but for
such change or compliance (taking into consideration such Bank’s policies with respect to capital adequacy) by an amount deemed by such Bank to be material, then from time to time, after submission by such Bank in good faith to the Company
(with a copy to the Administrative Agent) of a written request therefor setting forth in reasonable detail the calculation of such amount (which request shall be conclusive in the absence of manifest error), the Company shall pay to such Bank such
additional amount or amounts as will compensate such Bank for such reduction; provided that the Company’s obligations under this Section 2.14(b) shall be limited to amounts accruing not more than 180 days prior to the invoice thereof by
such Bank (such time period to be extended as necessary to take into account any retroactive application of a change in law giving rise to such obligations). This covenant shall survive the termination of this Agreement and the payment of the Notes
and all other amounts payable hereunder until the second anniversary of such payment and termination. 
 2.15 Taxes. 
 (a) Subject to subsection 2.15(b) or 9.6(g), as appropriate, all payments made by the Company under this Agreement and the Notes
shall be made free and clear of, and without deduction or withholding for or on account of, any present or future income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings, now or hereafter imposed, levied,
collected, withheld or assessed by any Governmental Authority, excluding, in the case of the Administrative Agent and each Bank, net income taxes, branch profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction
in which such Bank is located and franchise taxes (imposed in lieu of net income taxes) imposed on the Administrative Agent or such Bank, as the case may be, as a result of a present or former connection between the jurisdiction of the government or
taxing authority imposing such tax and the Administrative Agent or such Bank (excluding a connection arising solely from the Administrative Agent or such Bank having executed, delivered or performed its obligations or received a payment under, or
enforced, this Agreement or the Notes) or any political subdivision or taxing authority thereof or therein (all such non-excluded taxes, levies, imposts, duties, charges, fees, deductions and withholdings being hereinafter called
“Taxes”). If any Taxes are required 

  

 22 

 
to be withheld from any amounts payable to the Administrative Agent or any Bank hereunder or under the Notes, the amounts so payable to the Administrative
Agent or such Bank (so long as such Bank is in compliance with subsection 2.15(b) or 9.6(g), as appropriate and if applicable) shall be increased to the extent necessary to yield to the Administrative Agent or such Bank (after payment of all
Taxes) interest or any such other amounts payable hereunder at the rates or in the amounts specified in this Agreement and the Notes. Whenever any Taxes are payable by the Company, as promptly as possible thereafter the Company shall send to the
Administrative Agent for its own account or for the account of such Bank, as the case may be, a certified copy of an original official receipt received by the Company showing payment thereof. If the Company fails to pay any Taxes when due to the
appropriate taxing authority or fails to remit to the Administrative Agent the required receipts or other required documentary evidence, the Company shall indemnify the Administrative Agent and the Banks for any incremental taxes, interest or
penalties that may become payable by the Administrative Agent or any Bank as a result of any such failure. The agreements in this subsection shall survive the termination of this Agreement and the payment of the Notes and all other amounts payable
hereunder. 
 (b) Each Bank party to this Agreement on the Closing Date that is not a United States person (as such term
is defined in Section 7701(a)(30) of the Code) agrees that, on or prior to the Closing Date, it will deliver to the Company and the Administrative Agent (i) two duly completed copies of United States Internal Revenue Service
Form W-8BEN or W-8ECI or successor applicable form, as the case may be or (ii) in the case of such a Bank claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate to the
effect that such Bank is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Company within the meaning of Section 881(c)(3)(B) of the Code or
(C) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code and (y) two duly completed copies of United States Internal Revenue Service Form W-8BEN, in each case certifying such Bank’s
entitlement to a complete exemption from United States withholding tax with respect to interest payments to be made under this Agreement and under any Note. Each such Bank also agrees to deliver to the Company and the Administrative Agent two
further copies of such forms, or successor applicable forms or other manner of certification, as the case may be, on or before the date that any such form expires or becomes obsolete or after the occurrence of any event requiring a change in the
most recent form previously delivered by it to the Company, and such extensions or renewals thereof as may reasonably be requested by the Company or the Administrative Agent, unless in any such case an event (including, without limitation, any
change in treaty, law or regulation) has occurred prior to the date on which any such delivery would otherwise be required which renders all such forms inapplicable or which would prevent such Bank from duly completing and delivering any such form
with respect to it and such Bank so advises the Company and the Administrative Agent. Each Bank party to this Agreement on the Closing Date that is a United States person (as such term is defined in Section 7701(a)(30) of the Code) agrees
that, on or prior to the Closing Date, it will deliver to the Company and the Administrative Agent two duly completed copies of United States Internal Revenue Service Form W-9, certifying that it is not subject to United States backup withholding
tax. 
  

 23 

 2.16 Indemnity. The Company agrees to indemnify each Bank and to hold each Bank harmless from any
loss or expense which such Bank may sustain or incur as a consequence of (a) default by the Company in payment when due of the principal amount of or interest on any Eurodollar Loan, (b) default by the Company in making a borrowing of,
conversion into or continuation of Eurodollar Loans after the Company has given a notice requesting the same in accordance with the provisions of this Agreement, (c) default by the Company in making any prepayment of Eurodollar Loans after the
Company has given a notice thereof in accordance with the provisions of this Agreement or (d) the making of a prepayment or conversion, or the purchase pursuant to subsection 2.17, of Eurodollar Loans on a day which is not the last day of
an Interest Period with respect thereto, including, without limitation, in each case, any such loss (other than non-receipt of the Applicable Margin or, without duplication, anticipated profits) or expense arising from the reemployment of funds
obtained by it or from fees payable to terminate the deposits from which such funds were obtained (it being understood that any such calculation will be made on notional amounts as the Banks are not required to show that they matched deposits
specifically). A certificate as to any additional amounts payable pursuant to this subsection submitted by such Bank, through the Administrative Agent, to the Company in good faith shall be conclusive in the absence of manifest error. This covenant
shall survive the termination of this Agreement and the payment of the Notes and all other amounts payable hereunder. 
 2.17 Action of
Affected Banks. Each Bank agrees to use reasonable efforts (including reasonable efforts to change the booking office for its Loans) to avoid or minimize any illegality pursuant to subsection 2.13 or any amounts which might otherwise be
payable pursuant to subsection 2.14(a) or 2.15; provided, however, that such efforts shall not cause the imposition on such Bank of any additional costs or legal or regulatory burdens deemed by such Bank to be material and shall not be deemed
by such Bank to be otherwise disadvantageous or contrary to its policies. In the event that such reasonable efforts are insufficient to avoid all such illegality or all amounts that might be payable pursuant to subsection 2.14(a) or 2.15, then
such Bank (the “Affected Bank”) shall use its reasonable efforts to transfer to any other Bank (which itself is not then an Affected Bank) its Loans and Commitment subject to the provisions of subsection 9.6(c); provided, however,
that such transfer shall not be deemed by such Affected Bank, in its sole discretion, to be disadvantageous to it or contrary to its policies. In the event that the Affected Bank is unable, or otherwise is unwilling, so to transfer its Loans and
Commitment, the Company may designate an alternate lender (reasonably acceptable to the Administrative Agent) to purchase the Affected Bank’s Loans and Commitment, at par and including accrued interest, and, subject to the provisions of
subsection 9.6(c), the Affected Bank shall transfer its Commitment to such alternate lender and such alternate lender shall become a Bank hereunder. Any fee payable to the Administrative Agent pursuant to subsection 9.6(e) in connection with
such transfer shall be for the account of the Company. 
 2.18 Payment in Full at Maturity. The Company shall pay to the
Administrative Agent, for the account of each Bank, the entire outstanding principal amount owing under the Agreement or under any Notes, together with accrued but unpaid interest and all other sums owing under the Agreement, on the Termination Date
unless accelerated sooner pursuant to Section 7. 
  

 24 

 2.19 Defaulting Banks. 
 (a) In the event that, at any one time (i) any Bank shall be a Defaulting Bank, (ii) such Defaulting Bank shall owe a Defaulted
Loan to the Company and (iii) the Company shall be required to make any payment hereunder to or for the account of such Defaulting Bank, then the Company may, so long as no Event of Default shall occur or be continuing at such time and to the
fullest extent permitted by applicable law, set off and otherwise apply the obligations of the Company to make such payment to or for the account of such Defaulting Bank against the obligation of such Defaulting Bank to make such Defaulted Loan. In
the event that, on any date, the Company shall so set off and otherwise apply its obligation to make any such payment against the obligation of such Defaulting Bank to make any such Defaulted Loan on or prior to such date, the amount so set off and
otherwise applied by the Company shall constitute for all purposes of this Agreement a Loan by such Defaulting Bank made on the date of such setoff under the provision hereof pursuant to which such Defaulted Loan was originally required to have been
made. Such Loan shall be considered, for all purposes of this Agreement, to comprise part of the Loan in connection with which such Defaulted Loan was originally required to have been made. The Company shall notify the Administrative Agent at any
time the Company exercises its right of set-off pursuant to this subsection (a) and shall set forth in such notice (A) the name of the Defaulting Bank and the Defaulted Loan required to be made by such Defaulting Bank and (B) the
amount set off and otherwise applied in respect of such Defaulted Loan pursuant to this subsection (a). Any portion of such payment otherwise required to be made by the Company to or for the account of such Defaulting Bank which is paid by the
Company, after giving effect to the amount set off and otherwise applied by the Company pursuant to this subsection (a), shall be applied by the Administrative Agent as specified in subsection (b) of this Section 2.19. 
 (b) In the event that, at any one time, (i) any Bank shall be a Defaulting Bank, (ii) such Defaulting Bank shall owe a Defaulted
Amount to the Administrative Agent or any of the other Banks and (iii) the Company shall make any payment hereunder to the Administrative Agent for the account of such Defaulting Bank, then the Administrative Agent may, on its behalf or on
behalf of such other Bank and to the fullest extent permitted by applicable law, apply at such time the amount so paid by the Company to or for the account of such Defaulting Bank to the payment of each such Defaulted Amount to the extent required
to pay such Defaulted Amount. In the event that the Administrative Agent shall so apply any such amount to the payment of any such Defaulted Amount on any date, the amount so applied by the Administrative Agent shall constitute for all purposes of
this Agreement payment, to such extent, of such Defaulted Amount on such date. Any such amount so applied by the Administrative Agent shall be retained by the Administrative Agent or distributed by the Administrative Agent to such other Banks in the
following order of priority: 
 first, to the Administrative Agent for any Defaulted Amounts then owing to it, in its capacity as such,
ratably in accordance with such Defaulted Amounts then owing to the Administrative Agent; and 
  

 25 

 
second, to any Bank for any Defaulted Amounts then owing to such Bank, ratably in accordance with such respective Defaulted Amounts then owing to such
Bank. 
 (c) The rights and remedies against a Defaulting Bank under this Section 2.19 are in addition to other rights
and remedies that the Company may have against such Defaulting Bank with respect to any Defaulted Loan and that the Administrative Agent or any Bank may have against such Defaulting Bank with respect to any Defaulted Amount. 
 SECTION 3 
 REPRESENTATIONS AND
WARRANTIES 
 To induce the Banks to enter into this Agreement and to make the Loans the Company hereby represents and warrants to the
Administrative Agent and each Bank as of the Closing Date and as of the date of each Loan that: 
 3.1 Financial Condition. The
combined financial statements of the Parent, the Company and their Subsidiaries delivered to the Administrative Agent in connection with this Agreement, including the audited financial statement for the fiscal year ended December 31, 2005 and
the unaudited pro forma financial statements, copies of which have heretofore been furnished to each Bank, present fairly the financial condition of the Company and its investments in its Subsidiaries contained therein as of the dates and for the
periods indicated, subject to the qualifications with respect to the pro forma financial statements set forth therein. Neither the Company nor any of its Subsidiaries had, at the date of the most recent balance sheet referred to above, any guarantee
obligation, contingent liability or liability for taxes, or any long-term lease or unusual forward or long-term commitment, including, without limitation, any interest rate or foreign currency swap or exchange transaction, which is not reflected in
the foregoing statements or in the notes thereto and which, to the best of the Company’s knowledge, would have a Material Adverse Effect. 
 3.2 No Change. Except as disclosed in the Western Union Form 10 (or in any Form 10-Q, 8-K or other public filing of the Parent with the Securities Exchange Commission filed after date thereof but prior to the Closing Date), during
the period from date of the Spin-Off Financial Statements to and including the Closing Date, no change, or development or event involving a prospective change, has occurred which has had or could reasonably be expected to have a Material Adverse
Effect; provided, however that the foregoing representation is made solely as of the Closing Date. 
 3.3 Corporate Existence; Compliance
with Law. Each of the Company and its Significant Subsidiaries (a) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, except to the extent that, in the aggregate, the failure of
any such Subsidiaries to be duly organized, validly existing or in good standing would not have a Material Adverse Effect, (b) has the corporate (or other) power and authority, and the legal right, to own and operate its property, to lease the
property it operates as lessee and to conduct the business in which it is currently engaged, except to the extent that, in the aggregate, the failure of any such Subsidiaries to have any such power, authority or legal right would not have a Material
Adverse Effect, (c) is duly qualified and in good standing under the laws of each 

  

 26 

 
jurisdiction where its ownership, lease or operation of property or the conduct of its business requires such qualification except to the extent that, in the
aggregate, the failure of the Company and its Subsidiaries to so qualify or be in good standing would not have a Material Adverse Effect, and (d) is in compliance with all Requirements of Law except to the extent that, in the aggregate, the
failure of the Company and its Subsidiaries to comply therewith would not have a Material Adverse Effect. 
 3.4 Corporate Power;
Authorization; Enforceable Obligations. The Company has the corporate power and authority, and the legal right, to make, deliver and perform this Agreement and the Notes and to borrow hereunder and has taken all necessary corporate action to
authorize its Obligations on the terms and conditions of this Agreement and the Notes and to authorize the execution, delivery and performance of this Agreement and the Notes. No consent or authorization of, filing with or other act by or in respect
of, any Governmental Authority or any other Person (except as have been obtained or made) is required in connection with the borrowings hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or the
Notes. This Agreement has been, and each Note will be, duly executed and delivered on behalf of the Company. This Agreement constitutes, and each Note when executed and delivered will constitute, a legal, valid and binding obligation of the Company
enforceable against the Company in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and
by general equitable principles (whether enforcement is sought by proceedings in equity or at law). 
 3.5 No Legal Bar. The
execution, delivery and performance of this Agreement and the Notes, the Obligations hereunder and the use of the proceeds thereof will not violate any Requirement of Law or Contractual Obligation of the Company or of any of its Subsidiaries and
will not result in, or require, the creation or imposition of any Lien on any of its or their respective properties or revenues pursuant to any such Requirement of Law or Contractual Obligation. 
 3.6 No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the
knowledge of the Company, threatened by or against the Company or any of its Subsidiaries or against any of its or their respective properties or revenues which (a) except as listed on Schedule 3.6 or disclosed in the Western Union Form 10 (or
in any subsequent filing of the Parent with the Securities and Exchange Commission made prior to the Closing Date), on the Closing Date, would have a Material Adverse Effect or (b) would have a material adverse effect on the validity or
enforceability of this Agreement or any of the Notes or the rights or remedies of the Administrative Agent or the Banks hereunder or thereunder, provided, however that the representation in clause (a) of this Section 3.6 is made solely as
of the Closing Date. 
 3.7 No Default. No Default or Event of Default has occurred and is continuing. 
 3.8 Taxes. Each of the Company and its Significant Subsidiaries has filed or caused to be filed all tax returns which, to the knowledge of the
Company, are required to be filed and has paid all material taxes shown to be due and payable on said returns or on any assessments made against it or any of its property and all material other taxes, fees or other charges imposed 

  

 27 

 
on it or any of its property by any Governmental Authority (other than any the amount or validity of which are currently being contested in good faith by
appropriate proceedings and with respect to which reserves in conformity with GAAP have been provided on the books of the Company or its Subsidiaries, as the case may be); on the Closing Date, no tax Lien has been filed, and, to the knowledge of the
Company, no claim is being asserted, with respect to any such tax, fee or other charge. 
 3.9 Federal Regulations. No part of the
proceeds of any Loans will be used for “purchasing” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U or Regulation X of the Board of Governors of the Federal
Reserve System as now and from time to time hereafter in effect if such use would violate, or cause the Loans or the Commitments to be in violation of, the provisions of the Regulations of such Board of Governors. If requested by any Bank or the
Administrative Agent at any time (and in any case prior to or concurrently with the borrowing of any Loan the proceeds of which will be used to purchase or carry margin stock), the Company will furnish to the Administrative Agent and each Bank a
statement to the foregoing effect in conformity with the requirements of FR Form U-1 referred to in said Regulation U. 
 3.10 ERISA.
Except to the extent that all of the following, in the aggregate, would not have a Material Adverse Effect: (i) no Reportable Event has occurred during the five-year period prior to the date on which this representation is made or deemed made
with respect to any Plan, and each Plan has complied in all material respects with the applicable provisions of ERISA and the Code; (ii) the present value of all accrued benefits under each Single Employer Plan maintained by the Company or any
Commonly Controlled Entity (based on those assumptions used to fund the Plans) did not, as of the last annual valuation date prior to the date on which this representation is made or deemed made, exceed the value of the assets of such Plan allocable
to such accrued benefits based upon the actuarial assumptions used by such Plan; (iii) neither the Company nor any Commonly Controlled Entity has or has had any liability or obligation in respect of any Multiemployer Plan; and (iv) the
present value (determined using actuarial and other assumptions which are reasonable in respect of the benefits provided and the employees participating) of the liability of the Company and each Commonly Controlled Entity for post retirement
benefits, if any, to be provided to their current and former employees under Plans which are welfare benefit plans (as defined in Section 3(1) of ERISA) does not, in the aggregate, exceed the assets under all such Plans or other funding
arrangements allocable to such benefits, if any; (v) no application for a minimum funding waiver with respect to a Plan has been made; and (vi) the PBGC has not instituted proceedings to terminate a Plan pursuant to Section 4042 of
ERISA, nor has any event of condition descried in Section 4042 of ERISA that constitutes grounds for the termination of, or the appointment of a trustee to administer, such Plan occurred. 
 3.11 Investment Company Act. Neither the Company nor any of its Subsidiaries is subject to registration as an “investment company” or is
“controlled” by such a company, within the meaning of the Investment Company Act of 1940, as amended. 
 3.12 Purpose of
Loans. The proceeds of the Loans shall be used by the Company to refinance existing Indebtedness and to provide financing in connection with the spin-off of the Parent from First Data Corporation as set forth in the Western Union Form 10.

  

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 3.13 Disclosure. On the Closing Date, neither this Agreement, the Notes, nor the Information
Materials, taken as a whole with the Western Union Form 10 (or in any subsequent filing of the Parent with the Securities and Exchange Commission made prior to the Closing Date), contain any untrue statement of a material fact or omit to state a
material fact necessary in order to make the statements contained herein or therein, in light of the circumstances in which they were made, not materially misleading. 
 3.14 Ranking. The Loans shall remain at least pari passu with all other senior unsecured obligations of the Company. 
 3.15 Compliance with OFAC, FCPA. Company is in material compliance with all applicable United States economic and trade sanctions, including those administered by the Office of Foreign Asset Control within the
United States Department of the Treasury, and the United States Foreign Corrupt Practices Act. 
 3.16 Closing Date Representations and
Warranties. The representations and warranties of the Company made in this Agreement on or as of the Closing Date shall be deemed to be made immediately after giving effect to the spin-off of the Parent described in the Western Union Form 10.

 SECTION 4 
 CONDITIONS PRECEDENT 
 4.1 Conditions to Effectiveness. The agreements of each Bank contained herein are subject to
the satisfaction of the following conditions precedent: 
 (a) Loan Documents. The Administrative Agent shall have received
(i) this Agreement, executed and delivered by a duly authorized officer of the Company, and (ii) for the account of each Bank, a Note conforming to the requirements hereof and executed by a duly authorized officer of the Company.

 (b) Corporate Proceedings of the Company. The Administrative Agent shall have received a copy of the resolutions, in form
and substance reasonably satisfactory to the Administrative Agent, of the Board of Directors of the Company authorizing (i) the execution, delivery and performance of this Agreement and the Notes and (ii) the borrowings contemplated
hereunder, certified by the Secretary or an Assistant Secretary of the Company as of the Closing Date, which certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded and are in full force
and effect and shall be in form and substance satisfactory to the Administrative Agent. 
 (c) Corporate Documents. The
Administrative Agent shall have received true and complete copies of the certificate of incorporation and by-laws of the Company, certified as of the Closing Date as complete and correct copies thereof by the Secretary or an Assistant Secretary of
the Company. 
  

 29 

 (d) No Violation. The consummation of the transactions contemplated hereby shall not
contravene, violate or conflict with, nor involve the Administrative Agent or any Bank in any violation of, any Requirement of Law. 
 (e) Fees. The Administrative Agent shall have received the fees to be received on the Closing Date referred to in subsection 2.4. 
 (f) Legal Opinion. The Administrative Agent shall have received the executed legal opinion of counsel of the Company, substantially in the form of Exhibit C, and the Company hereby instructs its counsel to execute and
deliver such opinion to the Administrative Agent. Such legal opinion shall cover such other matters incident to the transactions contemplated by this Agreement as the Administrative Agent may reasonably require. 
 (g) Litigation. Except as listed on Schedule 3.6 hereto, there shall exist no pending or threatened litigation, bankruptcy or insolvency,
injunction, order or claim which could have a material adverse effect on this Agreement or the Company and its Subsidiaries taken as a whole. 
 (h) Consents and Approvals. All consents and approvals of the boards of directors, shareholders and other applicable third parties necessary in connection with this Agreement shall have been obtained. 
 (i) Material Adverse Change. No material adverse change shall have occurred since the date of the Spin-Off Financial Statements in the
business, assets, liabilities, condition (financial or otherwise) or prospects of the Company and its Subsidiaries taken as a whole. 
 (j) Financial Statements. The Administrative Agent shall have received copies of the financial statements referred to in Section 3.1 hereof, each in form and substance reasonably satisfactory to it. 
 (k) Patriot Act Certificate. The Administrative Agent shall have received a certificate reasonably satisfactory thereto, for benefit of
itself and the Banks, provided by the Company that sets forth information required by the Patriot Act including, without limitation, the identity of the Company, the name and address of the Company and other information that will allow the
Administrative Agent or any Bank, as applicable, to identify such Company in accordance with the Patriot Act (as defined in Section 9.9 hereof). 
 (l) Consummation of Spin-Off. All conditions precedent to the transactions described in the Western Union Form 10 relative to the spin-off of the Parent from First Data Corporation (other than any condition of payment
with the proceeds of Loans made hereunder) shall have been satisfied. 
 4.2 Conditions to Each Loan. The agreement of each Bank to
make any Loan (other than the conversion or continuation of any Loan pursuant to subsection 2.7) requested to be made 

  

 30 

 
by it on any date (including, without limitation, its initial Loan) is subject to the satisfaction of the following conditions precedent: 
 (a) Representations and Warranties. Each of the representations and warranties made by the Company in this Agreement shall be true and
correct in all material respects on and as of such date as if made on and as of such date, both before and after giving effect to the making of such Loans (except any representation or warranty relating to or made expressly as of a specific date
shall be true and correct in all material respects solely with respect to and as of such specific date). 
 (b) No Default. No
Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the Loans requested to be made on such date. 
 (c) Borrowing Certificate. In the case of Loans, the Administrative Agent shall have received, on or prior to the time required for its receipt pursuant to subsection 2.3, a Borrowing Certificate with respect to the
Loans requested to be made on such date. 
 Each borrowing by the Company hereunder shall constitute a representation and
warranty by the Company as of the date of such Loan that the conditions contained in subsection 4.2(a) and (b) have been satisfied. 
 SECTION 5 
 AFFIRMATIVE COVENANTS 
 The Company hereby agrees that, so long as the Commitments remain in effect, any Note remains outstanding and unpaid or any other amount is owing to any Bank or the Administrative Agent hereunder, the Company shall:

 5.1 Financial Statements. Furnish to the Administrative Agent (which shall promptly make available to the Banks): 
 (a) as soon as available, but in any event no later than the earlier of (i) the date that is five days after the Parent is required
by the SEC to deliver its Form 10-K for any fiscal year of the Parent and (ii) 95 days after the end of each fiscal year of the Parent, a copy of the consolidated balance sheet of the Parent and its consolidated Subsidiaries as at the end of
such year and the related consolidated statements of income and retained earnings and of cash flows for such year, setting forth in each case in comparative form the figures for the previous year, reported on without a “going concern” or
like qualification or exception, or any qualification arising out of the scope of the audit, provided that to the extent different components of such consolidated financial statements are separately audited by different independent public accounting
firms, the audit report of any such accounting firm may contain a qualification or exception as to scope of such consolidated financial statements by Ernst & Young LLP or other independent certified public accountants of nationally
recognized standing not unacceptable to the Majority Banks (it being understood that any of the following 

  

 31 

 
accounting firms: Deloitte & Touche, Ernst & Young LLP, KPMG and PricewaterhouseCoopers shall not be unacceptable to the Banks); and

 (b) as soon as available, but in any event not later than the earlier of (i) the date that is five days after the
Parent is required by the SEC to deliver its Form 10-Q for each of the first three quarterly periods of each fiscal year of the Parent and (ii) 50 days after the end of each of the first three quarterly periods of each fiscal year of the
Parent, the unaudited consolidated balance sheet of the Parent and its consolidated Subsidiaries as at the end of such quarter and the related unaudited consolidated statements of income and retained earnings and of cash flows of the Parent and its
consolidated Subsidiaries for such quarter and the portion of the fiscal year through the end of such quarter together with financial information with respect to the Company and its Subsidiaries presented on a basis consistent with the Spin-Off
Financial Statements), setting forth in each case in comparative form the figures for the previous year, certified by a Responsible Officer of the Company with respect to the Company’s financial information contained therein as being fairly
stated in all material respects (subject to normal year-end audit adjustments); 
 all such financial statements shall be complete and correct in all
material respects and shall be prepared in reasonable detail and in accordance with GAAP applied consistently throughout the periods reflected therein and with prior periods (except as approved by such accountants or officer, as the case may be, and
disclosed therein with a reasonable estimate of the effect on such financial statements on account of such changes in application). 
 5.2
Certificates; Other Information. Furnish to the Administrative Agent (which shall promptly make available to the Banks): 
 (a) concurrently with the delivery of the financial statements referred to in subsections 5.1(a) and 5.1(b), a certificate of a Responsible Officer stating that such Officer has obtained no knowledge of any Default or Event of Default that
has occurred and is continuing except as specified in such certificate; 
 (b) promptly upon receipt thereof, copies of the
executive summary portion of any final auditor’s letter or auditor’s report submitted to the Company’s board of directors or any committee thereof relating to internal financial controls of the Company or any Subsidiary; and

 (c) promptly, such additional financial and other information as any Bank through the Administrative Agent may from time to
time reasonably request. 
 5.3 Conduct of Business and Maintenance of Existence. Continue to engage in business of substantially the
same general type as now conducted by it or any business reasonably ancillary, complementary or related thereto, taken as a whole, and preserve, renew and keep in full force and effect its corporate existence and take such reasonable action to
maintain all rights, privileges and franchises necessary or desirable in the normal conduct of its business except as otherwise permitted pursuant to subsection 6.4; comply with all Contractual Obligations and Requirements of Law except to the
extent that failure to comply therewith would not, in the aggregate, have a Material Adverse Effect. 
  

 32 

 5.4 Inspection of Property; Books, Records and Discussions. 
 (a) Keep proper books of records and account in which full, true and correct entries in conformity with GAAP and all Requirements of Law
are to be made of all dealings and transactions in relation to its business and activities. 
 (b) Permit representatives of
the Administrative Agent and the Banks (other than Excluded Individuals of the Administrative Agent and the Banks) which are not Competitors to visit and inspect at their own expense (unless a Default or Event of Default has occurred and is
continuing, in which case at the Company’s expense) any of its properties and examine and make abstracts from any of its books and records at any reasonable time upon reasonable prior notice to the Company and as often as may reasonably be
desired and to discuss the business, operations, properties and financial and other condition of the Company and its Subsidiaries with officers and employees of the Company and its Subsidiaries and with its independent certified public accountants,
provided that (i) representatives of the Company shall have the opportunity to be present at any meeting with its independent certified public accountants and (ii) the Company and its Subsidiaries shall have no obligation to provide access
to information which is the subject of a confidentiality agreement between the Company or any of its Subsidiaries, on the one hand, and a customer of the Company or of any of its Subsidiaries, on the other hand. The Administrative Agent shall
endeavor to coordinate such visits by the Banks in order to minimize inconvenience to the Company, and so long as no Event of Default shall be continuing, such visits shall occur not more frequently than once per fiscal quarter. 
 5.5 Notices. Promptly give notice to the Administrative Agent (and the Administrative Agent shall promptly notify each Bank) of: 
 (a) the occurrence of any Default or Event of Default; 
 (b) the occurrence of a Change of Control; 
 (c) any litigation, investigation or proceeding which would have a Material Adverse Effect; 
 (d) the following events, as soon as possible and in any event within ten Business Days after the Company or any Commonly Controlled Entity knows or has reason to know thereof: (i) the occurrence or expected occurrence of any
Reportable Event with respect to any Plan, the commencement of any obligation to contribute to any Multiemployer Plan by the Company or any Commonly Controlled Entity, or any withdrawal from, or the termination, Reorganization or Insolvency of any
Multiemployer Plan; (ii) the institution of proceedings or the taking of any other action by the PBGC or the Company or any Commonly Controlled Entity or any Multiemployer Plan with respect to the withdrawal from, or the terminating,
Reorganization or Insolvency of, any Plan; (iii) the application for a minimum funding waiver with respect to a Plan has been made; (iv) all of the requirements for imposition of a lien under Section 302(f) of ERISA 

  

 33 

 
have been met with respect to any Plan; and (iv) the adoption of an amendment to a Plan requiring the provision of security to such Plan pursuant to
Section 307 of ERISA; and 
 (e) the use of the proceeds of any Loans for “purchasing” or “carrying”
any “margin stock” within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. Each notice pursuant to this
subsection shall be accompanied by a statement of a Responsible Officer setting forth details of the occurrence referred to therein and stating what action the Company proposes to take with respect thereto. 
 SECTION 6 
 NEGATIVE COVENANTS

 The Company hereby agrees that, so long as the Commitments remain in effect, any Note remains outstanding and unpaid or any other
amount is owing to any Bank or the Administrative Agent hereunder, the Company shall not: 
 6.1 Limitation on Significant Subsidiary
Indebtedness. Permit any of its Significant Subsidiaries, directly or indirectly, to create, incur, assume or suffer to exist any Indebtedness (which for purposes of this subsection 6.1 shall include, without duplication, Guarantee Obligations)
unless immediately thereafter the aggregate amount of (x) all Indebtedness of Significant Subsidiaries (excluding (A) any Guarantee Obligations in respect of Indebtedness under this Agreement and (B) Indebtedness owed to the Company
or a Significant Subsidiary, including any renewal or replacement of any of the obligations under clauses (A) or (B)), (y) the aggregate amount of indebtedness secured by Liens permitted under Section 6.2(j) and (z) the
discounted present value of all net rentals payable under leases covered by subsection 6.3(a) (and not expressly excluded therefrom) would not exceed the greater of $300,000,000 or 15% of Consolidated Net Worth; provided, however, that, solely, for
the purposes of this covenant, Indebtedness shall not include indebtedness incurred in connection with (a) overdraft or similar facilities related to settlement, clearing and related activities by a Significant Subsidiary in the ordinary course
of business consistent with past practice, (b) Purchased Receivables Financings, (c) to the extent the same constitutes Indebtedness, obligations in respect of net capital adjustments and/or earn-out arrangements pursuant to a purchase or
acquisition otherwise permitted under this Agreement, (d) obligations under performance bonds, surety bonds and letter of credit obligations to provide security for worker’s compensation claims or other statutory obligations and
obligations in respect of bank overdrafts not more than two days overdue, in each case, incurred in the ordinary course of business, (e) indebtedness owing to insurance companies to finance insurance premiums incurred in the ordinary course of
business and (f) Guarantee Obligations with respect to Indebtedness and other liabilities otherwise permitted under this Agreement; and provided, further, that any Indebtedness of a Person (i) existing at the time such Person becomes a
Significant Subsidiary or is merged with or into the Company or a Significant Subsidiary or other entity or (ii) assumed by the Company or a Subsidiary in connection with the acquisition of all or a portion of the business of such Person, shall
not be deemed to be Indebtedness created, incurred, assumed or guaranteed by a Significant 

  

 34 

 
Subsidiary or otherwise deemed to be Indebtedness of a Significant Subsidiary for the purposes of this covenant. 
 6.2 Limitation on Liens. Directly or indirectly, create, incur, assume or suffer to exist, or permit any of its Significant Subsidiaries to
create, incur, assume or suffer to exist, any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, except for: 
 (a) any Lien on any property now owned or hereafter acquired or constructed by the Company or a Subsidiary, or on which property so owned, acquired or constructed is located, which Lien (i) in the case of any
property so acquired, existed on such property at the time of acquisition thereby by the Company or such Subsidiary or (ii) secures or provides for the payment of any part of the purchase or construction price or cost of improvements of such
property and was created prior to, contemporaneously with or within 360 days after, such purchase, construction or improvement (and any replacements or refinancings for such Liens); provided, that (i) if a firm commitment from a bank, insurance
company or other lender or investor (not including the Company, a Subsidiary or an Affiliate of the Company) for the financing of the acquisition or construction of property is made prior to, contemporaneously with or within the 360-day period
hereinabove referred to, the applicable Lien shall be deemed to be permitted by this paragraph (a) whether or not created or assumed within such period, and (ii) each such Lien is not spread to cover any additional property and the amount
of Indebtedness secured thereby is not increased; 
 (b) Liens for taxes not yet delinquent or which are being contested in
good faith by appropriate proceedings diligently conducted and adequate reserves with respect thereto are maintained on the books of the Company or its Subsidiaries, as the case may be, in conformity with GAAP; 
 (c) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary
course of business; 
 (d) Liens of landlords or of mortgagees of landlords arising by operation of law; 
 (e) pledges, deposits or other Liens in connection with workers’ compensation, unemployment insurance, other social security benefits
or other insurance related obligations (including, without limitation, pledges or deposits securing liability to insurance carriers under insurance or self-insurance arrangements) and Liens on the proceeds of insurance policies created in connection
with any of the foregoing; 
 (f) Liens arising by reason of any judgment, decree or order of any court or other Governmental
Authority, if appropriate legal proceedings which have been duly initiated for the review of such judgment, decree or order, are being diligently prosecuted and have not been finally terminated or the period within which such proceedings may be
initiated shall not have expired; 
  

 35 

 (g) deposits to secure the performance of bids, trade contracts (other than for borrowed
money), leases, statutory obligations, surety and appeal bonds, performance bonds, judgment and like bonds, replevin and similar bonds and other obligations of a like nature incurred in the ordinary course of business; 
 (h) zoning restrictions, easements, rights-of-way, restrictions on the use of property, other similar encumbrances incurred in the
ordinary course of business and minor irregularities of title, which do not materially interfere with the ordinary conduct of the business of the Company and its Subsidiaries taken as a whole; 
 (i) Liens on Purchased Receivables and related assets granted in connection with one or more Purchased Receivables Financings; and

 (j) any Lien not otherwise permitted under this subsection 6.2, provided that the aggregate amount of indebtedness secured
by all such Liens, together with (x) the aggregate principal amount of Subsidiary Indebtedness that is subject to limitation under Section 6.1 and (y) the aggregate sale price of property involved in sale and leaseback transactions
not otherwise permitted except under subsection 6.3(a), does not exceed the greater of $300,000,000 or 15% of Consolidated Net Worth. 
 6.3 Limitation on Sales and Leasebacks. Sell or transfer, or permit any Subsidiary to sell or transfer, (except to the Company or one or more of its wholly-owned Subsidiaries, or both) any Principal Facility owned by it on the date
of this Agreement with the intention of taking back a lease of such property, other than a lease relating to computer hardware with lease terms of four years or less, unless either: 
 (a) the sum of the aggregate sale price of property involved in sale and leaseback transactions not otherwise permitted under this
subsection plus (x) the aggregate principal amount of Subsidiary Indebtedness subject to limitation under Section 6.1 and (y) the aggregate amount of indebtedness secured by all mortgages, pledges, liens and encumbrances not otherwise
permitted except under subsection 6.2(j) does not exceed the greater of $300,000,000 or 15% of Consolidated Net Worth; or 
 (b) the Company within 120 days after the sale or transfer shall have been made by the Company or by any such Subsidiary applies an amount equal to the greater of (i) the net proceeds of the sale of the Principal Facility sold and
leased back pursuant to such arrangement or (ii) the fair market value of the Principal Facility sold and leased back at the time of entering into such arrangement (which may be conclusively determined by the Board of Directors of the Company)
to the retirement of Funded Indebtedness of the Company; provided, that the amount required to be applied to the retirement of Funded Indebtedness of the Company pursuant to this clause (b) shall be reduced by the principal amount of any Funded
Indebtedness of the Company voluntarily retired by the Company within 120 days after such sale, whether or not any such retirement of Funded Indebtedness shall be specified as being made pursuant to this clause (b). Notwithstanding the foregoing, no
retirement referred to in this clause (b) may be effected by payment at maturity or pursuant to any mandatory sinking fund payment or any mandatory prepayment provision. 
  

 36 

 6.4 Limitations on Fundamental Changes. Directly or indirectly, sell, assign, lease, transfer or
otherwise dispose of all or substantially all of its assets or consolidate with or merge into any Person or permit any Person to merge into it, provided that the Company may enter into a consolidation or merger with any Person if (i) the
survivor formed by or resulting from such consolidation or merger is the Company and (ii) at the time of such consolidation or merger and immediately after giving effect thereto no Default or Event of Default shall have occurred and be
continuing. 
 6.5 Limitations on Restrictions on Dividends. Permit any Significant Subsidiary exclusively organized under the laws of
the United States of America or any state thereof to enter into any arrangement with any Person which in any way prohibits, limits the amount of or otherwise impairs the declaration or distribution by such Subsidiary of dividends on its Capital
Stock (other than limitations arising under (i) any Requirement of Law, (ii) any agreement or instrument in effect at the time a Person first became a Subsidiary of the Company or the date such agreement or instrument is otherwise assumed
by the Company or any of its Subsidiaries, so long as such agreement or instrument was not entered into solely in contemplation of such Person becoming a Subsidiary of the Company or such assumption, and (iii) any agreement or instrument
entered into in connection with the sale of such Subsidiary) if such arrangement, together with all other similar arrangements, could reasonably be expected to have a Material Adverse Effect. 
 SECTION 7 
 EVENTS OF DEFAULT 
 If any of the following events shall occur and be continuing: 
 (a) The Company shall fail to pay any principal of any Note when due in accordance with the terms thereof or hereof; or the Company shall
fail to pay any interest on any Note, or any other amount payable hereunder, within three Business Days after any such interest or other amount becomes due in accordance with the terms thereof or hereof; or 
 (b) Any representation or warranty made, or deemed made pursuant to subsection 4.2, by the Company herein or which is contained in any
certificate, document or financial or other statement furnished at any time under or in connection with this Agreement shall prove to have been incorrect in any material respect on or as of the date made or deemed made or furnished; or 

(c) The Company shall default in the observance or performance of any agreement contained in subsection 5.4(b), 5.5(a) or 5.5(b) or
Section 6; or 
 (d) A Change of Control shall occur; or 
 (e) The Company shall default in the observance or performance of any other agreement contained in this Agreement (other than as provided
in paragraphs (a) through (d) of this Section), and such default shall continue unremedied for a period of 30 days after the earlier of written notification to the Company by the Administrative Agent or 

  

 37 

 
any Bank or after any Responsible Officer becomes aware or, with reasonable diligence, would become aware of such default; or 
 (f) The Company or any of its Significant Subsidiaries shall (i) default in any payment of principal of or interest on any
Indebtedness (other than the Notes) or in the payment of any Guarantee Obligation, beyond the period of grace (not to exceed 30 days), if any, provided in the instrument or agreement under which such Indebtedness or Guarantee Obligation was created,
and such default shall be continuing; or (ii) default in the observance or performance of any other agreement or condition relating to any such Indebtedness or Guarantee Obligation or contained in any instrument or agreement evidencing,
securing or relating thereto beyond any applicable period of grace, and such default shall be continuing, or any other event shall occur or condition exist and be continuing, the effect of which default or other event or condition is to cause, or
permit the holders of such Indebtedness or Guarantee Obligation to cause, such Indebtedness to become due or required to be purchased, redeemed or otherwise defeased prior to its stated maturity or such Guarantee Obligation to become payable,
provided that the aggregate principal amount of any such Indebtedness and Guarantee Obligations outstanding at such time, when aggregated with the outstanding principal amount of all other such Indebtedness and Guarantee Obligations in respect of
which the Company or any Significant Subsidiary shall have so defaulted or an event shall have occurred or a condition exists as described above, aggregates $100,000,000 or more; or 
 (g) (i) The Company or any of its Significant Subsidiaries shall commence any case, proceeding or other action (A) under any
existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or
insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts, or (B) seeking appointment of a receiver, trustee, custodian or other similar
official for it or for all or any substantial part of its assets, or the Company or any of its Significant Subsidiaries shall make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against the Company or
any of its Significant Subsidiaries any case, proceeding or other action of a nature referred to in clause (i) above which (A) results in the entry of an order for relief or any such adjudication or appointment or (B) remains
undismissed, undischarged or unbonded for a period of 60 days; or (iii) there shall be commenced against the Company or any of its Significant Subsidiaries any case, proceeding or other action seeking issuance of a warrant of attachment,
execution, distraint or similar process against all or any substantial part of its assets which results in the entry of an order for any such relief which shall not have been vacated, discharged, or stayed or bonded pending appeal within 60 days
from the entry thereof; or (iv) the Company or any of its Significant Subsidiaries shall take any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii), or
(iii) above; or (v) the Company or any of its Significant Subsidiaries shall generally not, or shall be unable to, or shall admit in writing its inability to, pay its debts as they become due; or 
  

 38 

 (h) (i) Any Person shall engage in any “prohibited transaction” (as
defined in Section 406 of ERISA or Section 4975 of the Code) involving any Plan, (ii) any “accumulated funding deficiency” (as defined in Section 302 of ERISA), whether or not waived, shall exist with respect to any
Plan, (iii) a Reportable Event shall occur with respect to, or proceedings shall commence to have a trustee appointed, or a trustee shall be appointed, to administer or to terminate, any Single Employer Plan, which Reportable Event or
commencement of proceedings or appointment of a trustee is, in the reasonable opinion of the Majority Banks, likely to result in the termination of such Plan for purposes of Title IV of ERISA, (iv) any Single Employer Plan shall terminate for
purposes of Title IV of ERISA, (v) the Company or any Commonly Controlled Entity shall, or in the reasonable opinion of the Majority Banks is likely to, incur any liability in connection with a withdrawal from, or the Insolvency or
Reorganization of, a Multiemployer Plan or (vi) any other event or condition shall occur or exist with respect to a Plan; and in each case in clauses (i) through (vi) above, such event or condition, together with all other such events
or conditions, if any, would have a Material Adverse Effect; or 
 (i) The rendering against the Company or any Significant
Subsidiary of one or more final nonappealable judgments, decrees or orders for the payment of money which, either singly or in the aggregate with all other monies in respect of which a final nonappealable judgment, decree or order for payment shall
have been rendered against the Company or any Significant Subsidiary, aggregates $100,000,000 or more, and the continuance of such judgments, decrees or orders unsatisfied and in effect for any period of 30 consecutive days or, in the case of a
foreign judgment, decree or order the enforcement of which is not being sought in the United States, 60 consecutive days without a stay of execution; provided, however, that any such amount shall be calculated after deducting from the sum so payable
any amount of such judgment or order that is covered by a valid and binding policy of insurance in favor of the Company or such Subsidiary from an insurer that is rated at least “A” by A.M. Best Company, which policy covers full payment
thereof and which insurer has been notified, and has not disputed the claim made for payment, of such amount of such judgment or order; 
 then, and in any such event, (A) if such event is an Event of Default specified in clause (i) or (ii) of paragraph (g) above with respect to the Company, automatically the Commitments shall immediately terminate and the
Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the Notes shall immediately become due and payable, and (B) if such event is any other Event of Default, either or both of the following
actions may be taken: (i) with the consent of the Majority Banks, the Administrative Agent may, or upon the request of the Majority Banks, the Administrative Agent shall, by notice to the Company declare the Commitments to be terminated
forthwith, whereupon the Commitments shall immediately terminate; and (ii) with the consent of the Majority Banks, the Administrative Agent may, or upon the request of the Majority Banks, the Administrative Agent shall, by notice of default to
the Company and (Y) declare the Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the Notes to be due and payable forthwith, whereupon the same shall immediately become due and payable,
whereupon the same shall immediately become due and payable. Except as expressly provided above in this Section, presentment, demand, protest and all other notices of any kind are hereby expressly waived. 
  

 39 

 SECTION 8 
 THE ADMINISTRATIVE AGENT 
 8.1 Appointment. Each Bank hereby irrevocably designates and
appoints CNAI as the Administrative Agent of such Bank under this Agreement and the Notes and each Bank irrevocably authorizes CNAI, as the Administrative Agent for such Bank, to take such action on its behalf under the provisions of this Agreement
and the Notes and to exercise such powers and perform such duties as are expressly delegated to the Administrative Agent by the terms of this Agreement and the Notes, together with such other powers as are reasonably incidental thereto. Each Bank
acknowledges that the Company may rely on each action taken by the Administrative Agent on behalf of the Banks hereunder. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrative Agent shall not have any duties
or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Bank, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or the Notes or
otherwise exist against the Administrative Agent. 
 8.2 Delegation of Duties. The Administrative Agent may execute any of its duties
under this Agreement and the Notes by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or
misconduct of any agents or attorneys in-fact selected by it with reasonable care. Without limiting the foregoing, the Administrative Agent may appoint one of its affiliates as its agent to perform the functions of the Administrative Agent hereunder
relating to the advancing of funds to the Company and distribution of funds to the Banks and to perform such other related functions of the Administrative Agent hereunder as are reasonably incidental to such functions. 
 8.3 Exculpatory Provisions. Neither the Administrative Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or
Affiliates shall be (i) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement or the Notes (except for its or such Person’s own gross negligence or willful misconduct)
or (ii) responsible in any manner to any of the Banks for any recitals, statements, representations or warranties made by the Company or any officer thereof contained in this Agreement or in any certificate, report, statement or other document
referred to or provided for in, or received by the Administrative Agent under or in connection with, this Agreement or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement (except for the
Administrative Agent’s due execution and delivery) or the Notes or for any failure of the Company to perform its obligations hereunder or thereunder. The Administrative Agent shall not be under any obligation to any Bank to ascertain or to
inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or the Notes or to inspect the properties, books or records of the Company. 
 8.4 Reliance by Administrative Agent. 
 (a) The Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any Note, writing, resolution, notice, consent, certificate, affidavit, letter, cablegram, telecopy or teletype
message, statement, order or other 

  

 40 

 
document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and
statements of legal counsel (including, without limitation, counsel to the Company), independent accountants and other experts selected by the Administrative Agent. The Administrative Agent may deem and treat the payee of any Note as the owner
thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent. The Administrative Agent shall be fully justified in failing or refusing to take any action under
this Agreement or the Notes unless it shall first receive such advice or concurrence of the Majority Banks as it deems appropriate or it shall first be indemnified to its satisfaction by the Banks against any and all liability and expense which may
be incurred by it by reason of taking or continuing to take any such action. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the Notes in accordance with a request of
the Majority Banks (or such other number of Banks as is expressly required hereby), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Banks and all future holders of the Notes. 
 (b) For purposes of determining compliance with the conditions specified in Section 4.1, each Bank that has signed this Agreement
shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Bank. 
 8.5 Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of
Default hereunder unless the Administrative Agent has received notice from a Bank or the Company referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the event
that the Administrative Agent receives such a notice, the Administrative Agent shall give prompt notice thereof to the Banks. The Administrative Agent shall take such action with respect to such Default or Event of Default as shall be reasonably
directed by the Majority Banks; provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with
respect to such Default or Event of Default as it shall deem advisable in the best interests of the Banks. 
 8.6 Non-Reliance on
Administrative Agent and Other Banks. Each Bank expressly acknowledges that neither the Administrative Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates has made any representations or warranties to it
and that no act by the Administrative Agent hereafter taken, including any review of the affairs of the Company, shall be deemed to constitute any representation or warranty by the Administrative Agent to any Bank. Each Bank represents to the
Administrative Agent that it has, independently and without reliance upon the Administrative Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the
business, operations, property, financial and other condition and creditworthiness of the Company and made its own decision to make its Loans hereunder and enter into this Agreement. Each Bank also represents that it will, independently and without
reliance upon the Administrative Agent or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, 

  

 41 

 
appraisals and decisions in taking or not taking action under this Agreement and the Notes, and to make such investigation as it deems necessary to inform
itself as to the business, operations, property, financial and other condition and creditworthiness of the Company. Except for notices, reports and other documents expressly required to be furnished to the Banks by the Administrative Agent
hereunder, the Administrative Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the business, operations, property, condition (financial or otherwise) or creditworthiness of the
Company which may come into the possession of the Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates. 
 8.7 Indemnification. The Banks agree to indemnify the Administrative Agent in its capacity as such (to the extent not reimbursed by the Company and without limiting the obligation of the Company to do so to the
extent required pursuant to Section 9.5), ratably according to the respective amounts of their Commitments (or, if the Commitments have been terminated, ratably according to the respective amount of their outstanding Loans or, if no Loans are
outstanding, their Commitments as of the date of such termination) from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever which may at any
time (including, without limitation, at any time following the payment of the Notes) be imposed on, incurred by or asserted against the Administrative Agent in any way relating to or arising out of this Agreement, the Notes or any documents
contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by the Administrative Agent under or in connection with any of the foregoing; provided that no Bank shall be liable
for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct. The
agreements in this subsection shall survive the payment of the Notes and all other amounts payable hereunder. 
 8.8 Administrative Agent
in Its Individual Capacity. With respect to its Commitment, the Loans made by it and the Note issued to it, CNAI shall have the same rights and powers under this Agreement as any other Bank and may exercise the same as though it were not the
Administrative Agent; and the term “Bank” or “Banks” shall, unless otherwise expressly indicated, include CNAI in its individual capacity. CNAI and its Affiliates may accept deposits from, lend money to, act as trustee under
indentures of, accept investment banking engagements from and generally engage in any kind of business with, the Company, any of its Subsidiaries and any Person who may do business with or own securities of the Company or any such Subsidiary, all as
if CNAI were not the Administrative Agent and without any duty to account therefor to the Banks. The Administrative Agent shall have no duty to disclose any information obtained or received by it or any of its Affiliates relating to the Company or
any of its Subsidiaries to the extent such information was obtained or received in any capacity other than as Administrative Agent. In the event that CNAI or any of its Affiliates shall be or become an indenture trustee under the Trust Indenture Act
of 1939 (as amended, the “Trust Indenture Act”) in respect of any securities issued or guaranteed by the Company, the parties hereto acknowledge and agree that any payment or property received in satisfaction of or in respect of any
obligation of the Company hereunder or under any other Loan Document by or on behalf of CNAI in its capacity as the Administrative Agent for the benefit of any Bank under this Agreement or any Note (other than CNAI or an Affiliate of CNAI) and which
is applied in 

  

 42 

 
accordance with this Agreement shall be deemed to be exempt from the requirements of Section 311 of the Trust Indenture Act pursuant to
Section 311(b)(3) of the Trust Indenture Act. 
 8.9 Successor Administrative Agent. The Administrative Agent may resign as
Administrative Agent upon 10 days’ notice to the Banks and the Company, such resignation to become effective upon the appointment of a successor Administrative Agent as provided below. If the Administrative Agent shall resign as Administrative
Agent under this Agreement, then the Majority Banks shall appoint from among the Banks a successor agent for the Banks, which successor agent shall be approved by the Company if no Default or Event of Default has occurred and is continuing (such
approval not to be unreasonably withheld), whereupon such successor agent shall succeed to the rights, powers and duties of the Administrative Agent, and the term “Administrative Agent” shall mean such successor agent effective upon its
appointment, and the former Administrative Agent’s rights, powers and duties as Administrative Agent shall be terminated, without any other or further act or deed on the part of such former Administrative Agent or any of the parties to this
Agreement or any holders of the Notes. After any retiring Administrative Agent’s resignation as Administrative Agent, the provisions of this subsection shall inure to its benefit as to any actions taken or omitted to be taken by it while it was
Administrative Agent under this Agreement. 
 8.10 Syndication Agent, etc. Neither the Syndication Agent, any Documentation Agent nor
any Persons identified in this Agreement as “Lead Arranger” or “Book Runner” shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all Banks. Without
limiting the foregoing, none of such Banks shall have or be deemed to have a fiduciary relationship with any Bank. Each Bank hereby makes the same acknowledgments with respect to Banks as it makes with respect to the Administrative Agent in
Section 8.8. 
 SECTION 9 
 MISCELLANEOUS 
 9.1 Amendments and Waivers. None of this Agreement, any Note or any terms hereof or thereof may be
amended, supplemented or modified except in accordance with the provisions of this subsection. With the written consent of the Majority Banks, the Administrative Agent and the Company may, from time to time, enter into written amendments,
supplements or modifications hereto and to the Notes for the purpose of changing any provisions of or adding any provisions to this Agreement or the Notes or changing in any manner the rights of the Banks or of the Company hereunder or thereunder or
waiving, on such terms and conditions as the Administrative Agent may specify in such instrument, any of the requirements of this Agreement or the Notes or any Default or Event of Default and its consequences; provided, however, that (i) each
Bank shall receive a form of any such waiver, amendment, supplement or modification prior to the execution thereof by the Majority Banks or the Administrative Agent and (ii) no such waiver and no such amendment, supplement or modification shall
(a) increase or extend the Commitment of any Bank, the maturity of any Note or any installment thereof, or reduce the rate or extend the time of payment of interest thereon (other than an amendment of 2.09(d) or waiver of the obligation of the
Company to pay any increased interest pursuant to 2.09(d) which may be approved by the Majority Banks), or reduce 

  

 43 

 
the amount or extend the time of payment of any fee payable to any Bank hereunder, or change the amount of any Bank’s Commitment without the consent of
the Bank affected thereby, or (b) amend, modify or waive any provision of this subsection or reduce the percentage specified in the definition of Majority Banks, or consent to the assignment or transfer by the Company of any of its rights and
obligations under this Agreement, or waive the conditions precedent to the making of any Loan set forth in subsection 4.2, in each case without the written consent of all the Banks, (c) amend, modify or waive any provision of Section 8
without the written consent of the then Administrative Agent, (d) amend, modify or waive any provision of the Loan Documents affecting the rights or duties of the Administrative Agent under any Loan Document without the written consent of the
Administrative Agent in addition to the Banks required hereinabove to take such action. Any such waiver and any such amendment, supplement or modification shall apply equally to each of the Banks and shall be binding upon the Company, the Banks, the
Administrative Agent and all future holders of the Notes. In the case of any waiver, the Company, the Banks and the Administrative Agent shall be restored to their former position and rights hereunder and under the outstanding Notes, and any Default
or Event of Default waived shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon. 
 9.2 Notices. (a) Except as otherwise provided in subsection (b) below, all notices, requests and demands to or upon the respective
parties hereto to be effective shall be in writing (including by telecopy,) and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered by hand, or five days after being deposited in the mail,
postage prepaid, or, in the case of telecopy notice, when received, addressed as follows in the case of the Company and the Administrative Agent, and as set forth in Schedule 1.1 in the case of the other parties hereto, or to such other address as
may be hereafter notified by the respective parties hereto and any future holders of the Notes: 
  

			
	The Company:	  	First Financial Management Corporation
		  	c/o The Western Union Company
		  	12500 E. Mt. Belford Ave. M2385
		  	Englewood, CO 80112
		  	Attention: Treasurer
		  	Telecopy: (720) 332-0213
		  	Confirmation Telephone: (720) 332-5269
		
	 with a copy of
 any notice to
 the Company to:
	  	First Financial Management Corporation
		  	12500 E. Mt. Belford Ave. M2385
		  	Englewood, CO 80112
		  	Attention: General Counsel’s Office
		  	Telecopy: (720) 332-0515
		  	Confirmation Telephone: (720) 332-5683

  

 44 

			
	The Administrative	  	
	Agent:	  	Citicorp North America, Inc., as Administrative Agent
		  	Two Penns Way
		  	New Castle, DE 19720
		  	Attention: Bank Loan Syndications
		  	Telecopier: 212-994-0961
		  	Telephone: 302-894-6128
	 with a copy of
 any notice to the
	  	
	Administrative Agent to:	  	Citicorp North America, Inc., as Administrative Agent
		  	400 Perimeter Center Terrace, Suite 600
		  	Atlanta, GA 30346
		  	Attention: David McNeela
		  	Telecopier: 404-921-9163
		  	Telephone: 770-668-8613

 provided that any notice, request or demand to or upon the Administrative Agent or the Banks pursuant to
subsection 2.3, 2.5, 2.6 or 2.7 shall not be effective until received. 
 (b) So long as CNAI or any of its Affiliates is the Administrative
Agent, the Company shall use commercially reasonable efforts to deliver to the Administrative Agent to materials required to be delivered pursuant to Section 5.1 in an electronic medium in a format acceptable to the Administrative Agent and the
Company by e-mail at oploanswebadmin@citigroup.com. The Company agrees that the Administrative Agent may make such materials, and, without warranty or liability to the Company, other written information, documents, instruments and other material
relating to the Company, any of its Subsidiaries or any other materials or matters relating to this Agreement, the Notes or any of the transactions contemplated hereby (collectively, the “Communications”) available to the Banks by
posting such notices on a confidential basis on Intralinks or a substantially similar electronic system (the “Platform”) mutually acceptable to the Administrative Agent and the Company. The Company acknowledges that (i) the
distribution of material through an electronic medium is not necessarily secure and that there are confidentiality and other risks associated with such distribution, (ii) the Platform is provided “as is” and “as available”
and (iii) neither the Administrative Agent nor any of its Affiliates warrants the accuracy, adequacy or completeness of the Communications or the Platform and each expressly disclaims liability for errors or omissions in the Communications or
the Platform in the absence of gross negligence or willful misconduct of the Administrative Agent or its Affiliates. No warranty of any kind, express, implied or statutory, including, without limitation, any warranty of merchantability, fitness for
a particular purpose, non-infringement of third party rights or freedom from viruses or other code defects, is made by the Administrative Agent or any of its Affiliates in connection with the Platform. 
 (c) The Administrative Agent agrees that the receipt of the Communications by the Administrative Agent at its e-mail address as set forth above, and each
Bank agrees that notice to 

  

 45 

 
it (as provided in the next sentence) (a “Notice”) specifying that any Communications have been posted to the Platform, in each case, shall
constitute effective delivery of such information, documents or other materials to the Administrative Agent and such Bank for purposes of this Agreement; provided that if requested by any Bank the Administrative Agent shall deliver a copy of the
Communications to such Bank by email or telecopier. Each Bank agrees (i) to notify the Administrative Agent in writing of such Bank’s e-mail address to which a Notice may be sent by electronic transmission (including by electronic
communication) on or before the date such Bank becomes a party to this Agreement (and from time to time thereafter to ensure that the Administrative Agent has on record an effective e-mail address for such Bank) and (ii) that any Notice may be
sent to such e-mail address. 
 9.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of
the Administrative Agent or any Bank, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further
exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

9.4 Survival of Representations and Warranties. All representations and warranties made hereunder and in any document, certificate or statement
delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the Notes. 
 9.5
Payment of Expenses and Taxes. The Company agrees (a) to pay or reimburse the Administrative Agent for all its reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any
amendment, supplement or modification to, this Agreement and the Notes and any other documents prepared in connection herewith, and the consummation and administration of the transactions contemplated hereby and thereby, including, without
limitation, the reasonable fees and disbursements of counsel to the Administrative Agent, (b) to pay or reimburse each Bank and the Administrative Agent for all its costs and expenses incurred in connection with the enforcement or preservation
of any rights under this Agreement, the Notes and any such other documents, including, without limitation, fees and disbursements of counsel to the Administrative Agent and to the several Banks, (c) to pay, and indemnify and hold harmless each
Bank and the Administrative Agent from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying, stamp, excise and other taxes, if any, which may be payable or determined to be payable
in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the
Notes and any such other documents, and (d) to pay, and indemnify and hold harmless each Bank and the Administrative Agent and each of their respective officers, directors, employees and affiliates from and against any and all other
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery, enforcement, performance and administration of this
Agreement, the Notes, and any such other documents (all the foregoing, collectively, the “indemnified liabilities”), provided, that the Company shall have no obligation hereunder to the Administrative 

  

 46 

 
Agent or any Bank with respect to indemnified liabilities arising from (i) the gross negligence or willful misconduct of the Administrative Agent or
such Bank, (ii) legal proceedings commenced or claims against the Administrative Agent or such Bank by any security holder or creditor thereof arising out of and based upon rights afforded any such security holder or creditor solely in its
capacity as such, (iii) legal proceedings commenced or claims against the Administrative Agent or such Bank by any other Bank or by any Transferee or (iv) claims settled without the consent of the Company. In the case of any investigation,
litigation or other proceeding or action to which the indemnity in this subsection 9.5 applies, such indemnity shall be effective whether or not such investigation, litigation or other proceeding or action is brought by the Company or any affiliate
of the Company, whether or not the party seeking indemnity is otherwise a party thereto and whether or not any aspect of the transactions contemplated hereby is consummated. The agreements in this subsection shall survive repayment of the Notes and
all other amounts payable hereunder. 
 9.6 Successors and Assigns; Participations; Purchasing Banks. 
 (a) This Agreement shall be binding upon and inure to the benefit of the Company, the Banks, the Administrative Agent, all future holders
of the Notes and their respective successors and assigns, except that the Company may not assign or transfer any of its rights or obligations under this Agreement without the prior written consent of each Bank. 
 (b) Any Bank may, in accordance with applicable law, sell to one or more banks or other entities which are not Competitors
(“Participants”) participating interests in any Loan owing to such Bank, any Note held by such Bank, the Commitment of such Bank or any other interest of such Bank hereunder, provided that with respect to any such sale of a participating
interest, the Bank selling such participating interest must retain the right to make all determinations under this Agreement other than requests for (i) reductions in the principal amount of the Loans, (ii) reductions in the interest rates
payable on the Loans, (iii) reductions in the facility fee payable to such selling Bank pursuant to subsection 2.4 and (iv) waivers and extensions in respect of payment dates on account of principal of the Loans, Interest Payment Dates and
the dates on which such facility fee is payable. In the event of any such sale by a Bank of participating interests to a Participant, such Bank’s obligations under this Agreement to the other parties to this Agreement shall remain unchanged,
such Bank shall remain solely responsible for the performance thereof, such Bank shall remain the holder of any such Note for all purposes under this Agreement, and the Company and the Administrative Agent shall continue to deal solely and directly
with such Bank in connection with such Bank’s rights and obligations under this Agreement. The Company agrees that if amounts outstanding under this Agreement and the Notes are due or unpaid, or shall have been declared or shall have become due
and payable upon the occurrence of an Event of Default, each Participant shall be deemed to have the right of setoff in respect of its participating interest in amounts owing under this Agreement and any Note to the same extent as if the amount of
its participating interest were owing directly to it as a Bank under this Agreement or any Note, provided that such Participant shall only be entitled to such right of setoff if it shall have agreed in the agreement pursuant to which it shall have
acquired its participating interest to share with the Banks the proceeds thereof as provided in 

  

 47 

 
subsection 9.7. The Company also agrees that each Participant shall be entitled to the benefits of subsections 2.14, 2.15 and 2.16 with respect to its
participation in the Commitments and the Loans outstanding from time to time; provided that no Participant shall be entitled to receive any greater amount pursuant to such subsections than the transferor Bank would have been entitled to receive in
respect of the amount of the participation transferred by such transferor Bank to such Participant had no such transfer occurred. 
 (c) Any Bank may, in accordance with applicable law and with the consent of the Administrative Agent (which shall not be unreasonably withheld) at any time sell to any Bank or any affiliate thereof (but only if such affiliate’s
Short-Term Ratings equal or exceed the Short-Term Ratings of such selling Bank) and, with the consent of the Company (unless there is an Event of Default under clause (a) or (g) of Article VII occurring or continuing) and the
Administrative Agent (which in each case shall not be unreasonably withheld), to one or more additional banks or financial institutions other than the Borrower or any of its Subsidiaries (“Purchasing Banks”) all or any part of its rights
and obligations under this Agreement and its Note pursuant to a Commitment Transfer Supplement, substantially in the form of Exhibit D (a “Commitment Transfer Supplement”), executed by such Purchasing Bank, such transferor Bank (and, in
the case of a Purchasing Bank that is not then a Bank or an affiliate thereof, by the Company and the Administrative Agent) and delivered to the Administrative Agent for its acceptance and recording in the Register, provided that (i) in
connection with such sale, such transferor Bank must transfer all of its outstanding Commitment to such Purchasing Bank or, if no Commitments are then in effect, such transferor Bank must transfer all of the unpaid Loans held by such Bank to such
Purchasing Bank or (ii) after giving effect to such sale the outstanding Commitment of such transferor Bank must equal or exceed $10,000,000, provided, further, with respect to a Purchasing Bank which was not a Bank or an affiliate of a Bank
prior to such sale, the outstanding Commitment of such Purchasing Bank after giving effect to such sale must equal or exceed $10,000,000, unless the Company and the Administrative Agent otherwise agree. Upon such execution, delivery, acceptance and
recording, from and after the Transfer Effective Date determined pursuant to (and as defined in) such Commitment Transfer Supplement, (x) the Purchasing Bank thereunder shall be a party hereto and, to the extent provided in such Commitment
Transfer Supplement, (in addition to any such rights and obligations theretofore held by it) have the rights and obligations of a Bank hereunder with a Commitment as set forth therein, and (y) the transferor Bank thereunder shall, to the extent
provided in such Commitment Transfer Supplement, be released from its obligations under this Agreement (and, in the case of a Commitment Transfer Supplement covering all or the remaining portion of a transferor Bank’s rights and obligations
under this Agreement, such transferor Bank shall cease to be a party hereto, provided, that it is expressly understood and agreed that such transferor Bank shall retain (x) all of such transferor Bank’s rights under subsections 2.14, 2.15,
2.16 and 9.5 of this Agreement with respect to any cost, reduction or payment incurred or made prior to the Transfer Effective Date determined pursuant to such Commitment Transfer Supplement, including, without limitation the rights to
indemnification and to reimbursement for taxes, costs and expenses and (y) all of such transferor Bank’s obligations under Section 8.7 to the extent any claim thereunder relates to an event arising prior to the Transfer 

  

 48 

 
Effective Date determined pursuant to such Commitment Transfer Supplement). Such Commitment Transfer Supplement shall be deemed to amend this Agreement to
the extent, and only to the extent, necessary to reflect the addition of such Purchasing Bank and the resulting adjustment of Commitments and Commitment Percentages arising from the purchase by such Purchasing Bank of all or a portion of the rights
and obligations of such transferor Bank under this Agreement and the Notes. On or prior to the Transfer Effective Date determined pursuant to such Commitment Transfer Supplement, the Company, at its own expense, shall execute and deliver to the
Administrative Agent in exchange for the surrendered Note a new Note to the order of such Purchasing Bank in an amount equal to the Commitment assumed by it pursuant to such Commitment Transfer Supplement and, if the transferor Bank has retained a
Commitment hereunder, a new Note to the order of the transferor Bank in an amount equal to the Commitment retained by it hereunder. Such new Notes shall be dated the Closing Date and shall otherwise be in the form of the Notes replaced thereby. The
Note surrendered by the transferor Bank shall be returned by the Administrative Agent to the Company marked “cancelled”. 
 (d) The Administrative Agent shall maintain at its address referred to in subsection 9.2 a copy of each Commitment Transfer Supplement delivered to it and a register (the “Register”) for the recordation of the names and
addresses of the Banks and the Commitment of, and principal amount of the Loans owing to, each Bank from time to time. The entries in the Register shall be conclusive, in the absence of manifest error, and the Company, the Administrative Agent and
the Banks may treat each Person whose name is recorded in the Register as the owner of each Loan recorded therein for all purposes of this Agreement. The Register shall be available for inspection by the Company or any Bank at any reasonable time
and from time to time upon reasonable prior notice. 
 (e) Upon its receipt of a Commitment Transfer Supplement executed by a
transferor Bank and Purchasing Bank (and, in the case of a Purchasing Bank that is not then a Bank or an affiliate thereof, by the Company and the Administrative Agent) together with payment to the Administrative Agent, in the case of a Purchasing
Bank that is not then a Bank or an affiliate thereof, of a registration and processing fee of $3,500 by the transferor Bank, the Administrative Agent shall (i) promptly accept such Commitment Transfer Supplement and (ii) on the Transfer
Effective Date determined pursuant thereto record the information contained therein in the Register and give notice of such acceptance and recordation to the Banks and the Company. 
 (f) Subject to subsection 9.8, the Company authorizes each Bank to disclose to any Participant or Purchasing Bank (each, a
“Transferee”) and any prospective Transferee any and all financial information in such Bank’s possession concerning the Company and its affiliates which has been delivered to such Bank by or on behalf of the Company pursuant to
this Agreement or which has been delivered to such Bank by or on behalf of the Company in connection with such Bank’s credit evaluation of the Company and its affiliates prior to becoming a party to this Agreement. 
 (g) If, pursuant to this subsection, any interest in this Agreement or any Note is transferred to any Transferee which is not a
United States person (as such term is 

  

 49 

 
defined in Section 7701(a)(30) of the Code), the transferor Bank shall require such Transferee, concurrently with the effectiveness of such transfer, to
deliver (i) two duly completed copies of United States Internal Revenue Service Form W-8BEN or W-8ECI or successor applicable form, as the case may be or (ii) in the case of such a Bank claiming the benefits of the exemption for
portfolio interest under Section 881(c) of the Code, (x) a certificate to the effect that such Bank is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent
shareholder” of the Company within the meaning of Section 881(c)(3)(B) of the Code or (C) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code and (y) two duly completed copies of United
States Internal Revenue Service Form W-8BEN, in each case certifying such Bank’s entitlement to a complete exemption from United States withholding tax with respect to interest payments to be made under this Agreement and under any
Note. The transferor Bank shall also require such Transferee (i) to represent to the transferor Bank (for the benefit of the transferor Bank, the Administrative Agent and the Company) that under applicable law and treaties no taxes will be
required to be withheld by the Administrative Agent, the Company or the transferor Bank with respect to any payments to be made to such Transferee in respect of the Loans, (ii) to agree (for the benefit of the transferor Bank, the
Administrative Agent and the Company) to provide the transferor Bank (and, in the case of any Purchasing Bank registered in the Register, the Administrative Agent and the Company) new such form or successor applicable form upon the expiration or
obsolescence of any previously delivered forms and comparable statements in accordance with applicable U.S. laws and regulations and amendments duly executed and completed by such Transferee and (iii) to comply from time to time with all
applicable U.S. laws and regulations with regard to such withholding tax exemption. 
 (h) Nothing herein shall prohibit any
Bank from pledging or assigning any Note to any Federal Reserve Bank in accordance with applicable law. 
 9.7 Adjustments; Set-off.

 (a) If any Bank (a “benefitted Bank”) shall at any time receive any payment of all or part of its
Loans then payable, or interest then payable thereon, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in Section 7(g), or otherwise), in
a greater proportion than any such payment to or collateral received by any other Bank, if any, in respect of such other Bank’s Loans then payable, or interest then payable thereon, such benefitted Bank shall purchase for cash from the other
Banks such portion of each such other Bank’s Loans or such interest thereon, or shall provide such other Banks with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such benefitted Bank to share the
excess payment or benefits of such collateral or proceeds ratably with each of the Banks; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such benefitted Bank, such purchase shall be
rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. The Company agrees that each Bank so purchasing a portion of another Bank’s Loans or interest thereon may exercise all rights of
payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Bank were the direct holder of such portion. 
  

 50 

 (b) In addition to any rights and remedies of the Banks provided by law, if an Event of
Default has occurred and is continuing, each Bank and each of its Affiliates shall have the right, without prior notice to the Company, any such notice being expressly waived by the Company to the extent permitted by applicable law, upon any amount
becoming due and payable by the Company hereunder or under the Notes (whether at the stated maturity, by acceleration or otherwise) to set-off and appropriate and apply against such amount any and all deposits (general or special, time or demand,
provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Bank, any of its
Affiliates or any branch or agency thereof to or for the credit or the account of the Company. The aforesaid right of set-off may be exercised by such Bank and each of its Affiliates against the Company or against any trustee in bankruptcy, debtor
in possession, assignee for the benefit of creditors, receiver or execution, judgment or attachment creditor of the Company, or against anyone else claiming through or against the Company or any such trustee in bankruptcy, debtor in possession,
assignee for the benefit of creditors, receiver, or execution, judgment or attachment creditor, notwithstanding the fact that such right of set-off shall not have been exercised by such Bank or its Affiliates prior to the occurrence of any Event of
Default. Each Bank agrees promptly to notify the Company and the Administrative Agent after any such set-off and application made by such Bank or its Affiliates, provided that the failure to give such notice shall not affect the validity of such
set-off and application. 
 9.8 Table of Contents and Section Headings. The table of contents and the section and subsection headings
herein are intended for convenience only and shall be ignored in construing this Agreement. 
 9.9 Confidentiality. Each of the Banks
and the Administrative Agent agrees to keep confidential (and to cause its officers, directors, employees, agents and representatives, and its Affiliates’ officers, directors, employees, agents and representatives who gain access to
Confidential Materials (as defined below), to keep confidential) any information which is or has been obtained pursuant to the terms of this Agreement (including, without limitation, subsection 5.4(b)) (collectively, the “Confidential
Materials”), except that such Bank or the Administrative Agent, as the case may be, shall be permitted to disclose the Confidential Materials (a) to such of the officers, directors, employees, agents, independent auditors and
representatives of the Bank or any of its Affiliates as need to know such Confidential Materials in connection with its administration of its Commitment and Loans (provided such persons are informed of the confidential nature of the Confidential
Materials and the restrictions imposed by this subsection), (b) to the extent required by law (including, without limitation disclosure to bank examiners and regulatory officials) or legal process (in which event such Bank or the Administrative
Agent, as the case may be, will promptly notify the Company of any such requirement), (c) to the extent such Confidential Materials become publicly available other than as a result of a breach of the provisions of this subsection, (d) to
the extent the Company shall have consented to such disclosure in writing, (e) to a prospective Transferee which agrees in writing to be bound by the terms of this subsection as if it were a Bank party to this Agreement, (f) to a
Governmental Authority in connection with litigation involving this Agreement or the Notes, (g) to Gold Sheets and other similar bank trade publications; such information to consist of deal terms and other information regarding the
credit facilities evidenced by this Agreement customarily found in 

  

 51 

 
such publications and (h) in connection with any suit, action or proceeding for the purpose of defending itself, reducing its liability, or protecting
or exercising any of its claims, rights, remedies or interests under or in connection with this Agreement or any other Loan Document; provided that in no event shall any such Bank or the Administrative Agent disclose any of the Confidential
Materials to any of its Excluded Individuals. 
 9.10 Patriot Act Notice. Each Bank and the Administrative Agent (for itself and not
on behalf of any other party) hereby notifies the Company that, pursuant to the requirements of the USA Patriot Act, Title III of Pub. L. 107-56, signed into law October 26, 2001 (the “Patriot Act”), it is required to obtain, verify
and record information that identifies the Company, which information includes the name and address of the Company and other information that will allow such Bank or the Administrative Agent, as applicable, to identify the Company in accordance with
the Patriot Act. 
 9.11 Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any number of
separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. A set of the copies of this Agreement signed by all the parties shall be lodged with the Company and the Administrative
Agent. 
 9.12 Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. 
 9.13 Integration. This Agreement represents the entire agreement of the
Company, the Administrative Agent and the Banks with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by the Administrative Agent or any Bank relative to subject matter hereof not expressly
set forth or referred to herein or in the Notes. 
 9.14 GOVERNING LAW. THIS AGREEMENT AND THE NOTES AND THE RIGHTS AND OBLIGATIONS OF
THE PARTIES UNDER THIS AGREEMENT AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 9.15 Submission To Jurisdiction; Waivers. Each of the Company, the Administrative Agent and the Banks hereby irrevocably and unconditionally: 
 (a) submits for itself and its property in any legal action or proceeding relating to this Agreement and the Notes, or for recognition and
enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of the Courts of the State of New York, the courts of the United States of America for the Southern District of New York, and appellate courts from any
thereof; 
 (b) consents that any such action or proceeding may be brought in such courts and waives any objection that it may
now or hereafter have to the venue of any such 

  

 52 

 
action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same;

 (c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered
or certified mail (or any substantially similar form of mail), postage prepaid, to the Company at its address set forth in subsection 9.2 or at such other address of which the Administrative Agent shall have been notified pursuant thereto;

 (d) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or
shall limit the right to sue in any other jurisdiction; and 
 (e) waives, to the maximum extent not prohibited by law, any
right it may have to claim or recover in any legal action or proceeding referred to in this subsection any special, exemplary, punitive or consequential damages. 
 9.16 Acknowledgements. Each of the Company, the Administrative Agent and the Banks hereby acknowledges that: 
 (a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the Notes; 
 (b) neither the Administrative Agent nor any Bank has any fiduciary relationship to the Company, and the relationship between the Administrative Agent and the Banks, on the one hand, and the Company, on the other
hand, is solely that of debtor and creditor; and 
 (c) no joint venture exists among the Banks or among the Company and the
Banks. 
 9.17 WAIVERS OF JURY TRIAL. THE COMPANY, THE ADMINISTRATIVE AGENT AND THE BANKS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE
TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR THE NOTES AND FOR ANY COUNTERCLAIM THEREIN. 
 9.18
Effectiveness. This Agreement shall become effective on the date on which all of the conditions set forth in Section 4.1 have been satisfied or waived by the Banks and all of the parties have signed a copy hereof (whether the same or
different copies) and shall have delivered the same to the Administrative Agent pursuant to Section 9.2 or, in the case of the Banks, shall have given to the Administrative Agent written, telecopied or telex notice (actually received) at such
office that the same has been signed and mailed to it. 
  

 53 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and
delivered in New York, New York by their proper and duly authorized officers as of the day and year first above written. 
  

									
	COMPANY:	 		 	 FIRST FINANCIAL MANAGEMENT CORPORATION
 a
Georgia corporation

				
		 		 	By:	 	/s/ Rajesh K. Agrawal
		 		 		 	Name:	 	Rajesh K. Agrawal
		 		 		 	Title:	 	Vice President and Treasurer

  

 54 

									
	ADMINISTRATIVE AGENT AND BANKS:	 		 	 CITICORP NORTH AMERICA, INC.,
 as
Administrative Agent and as a Bank

				
		 		 	By:	 	/s/ Kevin A. Ege
		 		 		 	Name:	 	Kevin A. Ege
		 		 		 	Title:	 	Vice President
			
		 		 	 MORGAN STANLEY BANK

				
		 		 	By:	 	/s/ Daniel Twenge
		 		 		 	Name:	 	Daniel Twenge
		 		 		 	Title:	 	
			
		 		 	WACHOVIA BANK, NATIONAL ASSOCIATION
				
		 		 	By:	 	/s/ Mark B. Felker
		 		 		 	Name:	 	Mark B. Felker
		 		 		 	Title:	 	Managing Director

  

 55 

 Schedule 1.1 
 BANKS AND COMMITMENTS 
 [Omitted] 

 Schedule 3.6 
 to the Credit Agreement 
 [None] 
  

 2

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