Document:

exv10w7

 

Exhibit 10.7

RUPEE CREDIT FACILITY

GUARANTY AGREEMENT

          THIS GUARANTY is made as of the 26th day of May, 2006, by and between Euronet Worldwide, Inc.,
a Delaware corporation (the “Guarantor”), and Bank of America, N.A. ("Bank of America"), a national
banking association acting through its branch in Mumbai, India, as agent (in such capacity, the
"Agent”), pursuant to that certain Credit Agreement dated as of the date hereof, by and among
Euronet Services India Pvt Ltd, a company organized under the laws of India (the “Borrower”), the
Guarantor, as Borrower Agent, the Agent and the financial institutions party thereto from time to
time as Lenders (as amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”).

          WHEREAS, the Borrower is a Subsidiary of the Guarantor, and the Guarantor, as the parent of
Borrower will derive direct and indirect economic benefits from the making of the Loans and other
financial accommodations provided to the Borrower pursuant to the Credit Agreement and the other
Loan Documents; and

          WHEREAS, in order to induce the Agent and the Lenders to make Loans pursuant to the Credit
Agreement, the Guarantor has agreed to provide this Guaranty of the Borrower’s Obligations under
the Credit Agreement and the other Loan Documents;

          NOW, THEREFORE, in consideration of the premises and the covenants hereinafter contained, and
to induce Lenders to provide the Loans and other financial accommodations under the Credit
Agreement and the other Loan Documents, it is agreed as follows:

ARTICLE 1

DEFINITIONS

          Capitalized terms used herein shall have the meanings assigned to them in the Credit
Agreement, unless otherwise defined herein.

          References to this “Guaranty” or this “Agreement” shall mean this Guaranty, including all
amendments, modifications and supplements and any annexes, exhibits and schedules to any of the
foregoing, and shall refer to this Guaranty as the same may be in effect at the time such reference
becomes operative.

ARTICLE 2

     2.1 Guaranty of Guaranteed Obligations of the Borrower. The Guarantor unconditionally
guarantees to Agent and Lenders, and their respective successors, endorsees, transferees and
assigns, the prompt payment (whether at stated maturity, by acceleration or
otherwise) and performance of the Obligations of the Borrower (hereinafter the “Guaranteed
Obligations”). Guarantor agrees that this Guaranty is a guaranty of payment and performance and
not of collection, and that its obligations under this Guaranty shall be primary, absolute and
unconditional, irrespective of, and unaffected by:

 

 

     (a) the genuineness, validity, regularity, enforceability or any future amendment of,
or change in this Guaranty, the Credit Agreement or any other Loan Document or any other
agreement, document or instrument to which any obligor for the Guaranteed Obligations is or
may become a party;

     (b) the absence of any action to enforce this Guaranty, the Credit Agreement or any
other Loan Document or the waiver or consent by Agent and/or Lenders with respect to any of
the provisions thereof;

     (c) the existence, value or condition of, or failure to perfect its Liens against, any
Collateral for the Guaranteed Obligations or any action, or the absence of any action, by
Agent in respect thereof (including, without limitation, the release of any such security);
or

     (d) the insolvency of the Borrower or any other obligor for the Guaranteed Obligations;
or

     (e) any other action or circumstances which might otherwise constitute a legal or
equitable discharge or defense of a surety or guarantor,

it being agreed by the Guarantor that its obligations under this Guaranty shall not be discharged
until all Commitments under the Credit Agreement to lend have been terminated and all Obligations
have been indefeasibly paid in full in cash. Upon the occurrence and during the continuance of an
Event of Default, the Guarantor shall be regarded, and shall be in the same position, as principal
debtor with respect to the Guaranteed Obligations. The Guarantor agrees that any notice or
directive given at any time to Agent which is inconsistent with the waiver in the immediately
preceding sentence shall be null and void and may be ignored by the Agent and the Lenders, and, in
addition, may not be pleaded or introduced as evidence in any litigation relating to this Guaranty
for the reason that such pleading or introduction would be at variance with the written terms of
this Guaranty, unless the Agent and the Lenders have specifically agreed otherwise in writing. It
is agreed among the Guarantor, the Agent and the Lenders that the foregoing waivers are of the
essence of the transaction contemplated by the Credit Agreement and the other Loan Documents and
that, but for this Guaranty and such waivers, Agent and Lenders would decline to enter into the
Credit Agreement and the other Loan Documents.

     2.2 Demand by Agent or Lenders. In addition to the terms of the Guaranty set forth in Section
2.1 hereof, and in no manner imposing any limitation on such terms, it is expressly understood and
agreed that, if, at any time, the outstanding principal amount of the Guaranteed Obligations under
the Credit Agreement or any other Loan Document (including all accrued interest thereon) is
declared to be immediately due and payable, then the Guarantor shall, without demand, pay to the
holders of the Guaranteed Obligations the entire outstanding Guaranteed
Obligations due and owing to such holders. Payment by the Guarantor shall be made to Agent in
immediately available Dollars or an Optional Currency, calculated at the Exchange Rate to an
account designated by Agent or at the address set forth herein for the giving of notice to Agent or
at any other address that may be specified in writing from time to time by Agent, and shall be
credited and applied to the Guaranteed Obligations.

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     2.3 Enforcement of Guaranty. In no event shall Agent have any obligation (although it is
entitled, at its option) to proceed against the Borrower or any obligor for the Guaranteed
Obligations or any Collateral pledged to secure the Guaranteed Obligations before seeking
satisfaction from the Guarantor, and Agent may proceed, prior or subsequent to, or simultaneously
with, the enforcement of Agent’s rights hereunder, to exercise any right or remedy which it may
have against any Collateral, as a result of any Lien it may have as security for all or any portion
of the Guaranteed Obligations.

     2.4 Waiver. In addition to the waivers contained in Section 2.1 hereof, Guarantor waives, and
agrees that it shall not at any time insist upon, plead or in any manner whatever claim or take the
benefit or advantage of, any appraisal, valuation, stay, extension, marshaling of assets or
redemption laws, or exemption, whether now or at any time hereafter in force, which may delay,
prevent or otherwise affect the performance by the Guarantor of its Guaranteed Obligations under,
or the enforcement by Agent or Lenders of, this Guaranty. The Guarantor hereby waives diligence,
presentment and demand (whether for non-payment or protest or of acceptance, maturity, extension of
time, change in nature or form of the Guaranteed Obligations, acceptance of further security,
release of further security, composition or agreement arrived at as to the amount of, or the terms
of, the Guaranteed Obligations, notice of adverse change in the Borrower’s financial condition or
any other fact which might increase the risk to the Guarantor) with respect to any of the
Guaranteed Obligations or all other demands whatsoever and waive the benefit of all provisions of
law which are or might be in conflict with the terms of this Guaranty. The Guarantor represents,
warrants and agrees that, as of the date of this Guaranty, its obligations under this Guaranty are
not subject to any offsets or defenses against the Agent or the Lenders or any obligor for the
Guaranteed Obligations. The Guarantor further agrees that its obligations under this Guaranty shall
not be subject to any counterclaims, offsets or defenses against Agent or any Lender or any other
obligor for the Guaranteed Obligations which may arise in the future.

     2.5 Benefit of Guaranty. The provisions of this Guaranty are for the benefit of the Agent and
the Lenders and their respective successors, transferees, endorsees and assigns, and nothing herein
contained shall impair, as between any obligor for the Guaranteed Obligations and the Agent or the
Lenders, the obligations of any obligor for the Guaranteed Obligations under the Loan Documents.
In the event all or any part of the Guaranteed Obligations are transferred, endorsed or assigned by
Agent or any Lender to any Person or Persons, any reference to “Agent” or “Lender” herein shall be
deemed to refer equally to such Person or Persons.

     2.6 Modification of Guaranteed Obligations, Etc. Guarantor hereby acknowledges and agrees
that the Agent and the Lenders may at any time or from time to time, with or without the consent
of, or notice to, the Guarantor or any other obligor for the Guaranteed Obligations:

     (a) change or extend the manner, place or terms of payment of, or renew or alter all or
any portion of, the Guaranteed Obligations;

     (b) take any action under or in respect of the Credit Agreement or any other Loan
Document in the exercise of any remedy, power or privilege contained therein or

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available to
it at law, equity or otherwise, or waive or refrain from exercising any such remedies,
powers or privileges;

     (c) amend or modify, in any manner whatsoever, the Credit Agreement or any other Loan
Document;

     (d) extend or waive the time for any obligor for the Guaranteed Obligations performance
of, or compliance with, any term, covenant or agreement on its part to be performed or
observed under the Credit Agreement or any other Loan Document, or waive such performance or
compliance or consent to a failure of, or departure from, such performance or compliance;

     (e) take and hold Collateral for the payment of the Guaranteed Obligations guaranteed
hereby or sell, exchange, release, dispose of, or otherwise deal with, any property pledged,
mortgaged or conveyed, or in which the Agent or the Lenders have been granted a Lien, to
secure any Obligations;

     (f) release anyone who may be liable in any manner for the payment of any amounts owed
by the Guarantor or any other obligor for the Guaranteed Obligations to the Agent or any
Lender;

     (g) modify or terminate the terms of any intercreditor or subordination agreement
pursuant to which claims of other creditors of the Guarantor or any other obligor for the
Guaranteed Obligations are subordinated to the claims of the Agent and the Lenders; and/or

     (h) apply any sums by whomever paid or however realized to any amounts owing by the
Guarantor or other obligor for the Guaranteed Obligations to the Agent or any Lender in such
manner as the Agent or any Lender shall determine in its discretion;

and the Agent and the Lenders shall not incur any liability to Guarantor as a result thereof, and
no such action shall impair or release the Guaranteed Obligations of Guarantor under this Guaranty.

     2.7 Reinstatement. This Guaranty shall remain in full force and effect and continue to be
effective should any petition be filed by or against the Guarantor or any other obligor for the
Guaranteed Obligations for liquidation or reorganization, should the Guarantor or any other obligor
for the Guaranteed Obligations become insolvent or make an assignment for the benefit of creditors
or should a receiver or trustee be appointed for all or any significant part of the assets of such
Guarantor or any obligor for the Guaranteed Obligations, and shall continue to be effective or be
reinstated, as the case may be, if at any time payment and performance of the Guaranteed
Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount,
or must otherwise be restored or returned by Agent or any Lender, whether as a
“voidable preference”, “fraudulent conveyance”, or otherwise, all as though such payment or
performance had not been made. In the event that any payment, or any part thereof, is rescinded,
reduced, restored or returned, the Guaranteed Obligations shall be reinstated and deemed reduced
only by such amount paid and not so rescinded, reduced, restored or returned.

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     2.8 Deferral of Subrogation, Etc. Notwithstanding anything to the contrary in this Guaranty,
or in any other Loan Document, Guarantor hereby:

     (a) expressly and irrevocably waives, on behalf of itself and its successors and
assigns (including any surety) until all commitments under the Credit Agreement to lend have
terminated and all Obligations of the Borrower have been indefeasibly paid in full in cash,
any and all rights at law or in equity to subrogation, to reimbursement, to exoneration, to
contribution, to indemnification, to set off or to any other rights that could accrue to a
surety against a principal, to a guarantor against a principal, to a guarantor against a
maker or obligor, to an accommodation party against the party accommodated, to a holder or
transferee against a maker, or to the holder of any claim against any Person, and which
Guarantor may have or hereafter acquire against any obligor for the Guaranteed Obligations
in connection with or as a result of Guarantor’s execution, delivery and/or performance of
this Guaranty, or any other documents to which Guarantor is a party or otherwise; and

     (b) acknowledges and agrees (i) that this waiver is intended to benefit the Agent and
the Lenders and shall not limit or otherwise effect the Guarantor’s liability hereunder or
the enforceability of this Guaranty, and (ii) that the Agent, the Lenders and their
respective successors and assigns are intended third party beneficiaries of the waivers and
agreements set forth in this Section 2.8 and their rights under this Section 2.8 shall
survive payment in full of the Guaranteed Obligations.

     2.9 Election of Remedies. If the Agent may, under applicable law, proceed to realize
benefits under any of the Loan Documents giving the Agent and the Lenders a Lien upon any
Collateral owned by any obligor for the Guaranteed Obligations, either by judicial foreclosure or
by non-judicial sale or enforcement, the Agent may, at its sole option, determine which of such
remedies or rights it may pursue without affecting any of such rights and remedies under this
Guaranty. If, in the exercise of any of its rights and remedies, the Agent shall forfeit any of
its rights or remedies, including its right to enter a deficiency judgment against any obligor for
the Guaranteed Obligations, whether because of any applicable laws pertaining to “election of
remedies” or the like, the Guarantor hereby consents to such action by the Agent and waives any
claim based upon such action, even if such action by the Agent shall result in a full or partial
loss of any rights of subrogation which the Guarantor might otherwise have had but for such action
by the Agent. Any election of remedies which results in the denial or impairment of the right of
the Agent to seek a deficiency judgment against any obligor for the Guaranteed Obligations shall
not impair the Guarantor’s obligation to pay the full amount of the Guaranteed Obligations. In the
event the Agent shall bid at any foreclosure or trustee’s sale or at any private sale permitted by
law or the Loan Documents, the Agent may bid all or less than the amount of the Guaranteed
Obligations and the amount of such bid need not be paid by the Agent but shall be credited against
the Guaranteed Obligations. To the fullest extent permitted by law, the amount of the successful
bid at any such sale shall be conclusively deemed to be the fair market
value of the collateral and the difference between such bid amount and the remaining balance
of the Guaranteed Obligations shall be conclusively deemed to be the amount of the Guaranteed
Obligations guaranteed under this Guaranty.

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     2.10 Funds Transfers. If the Guarantor shall engage in any transaction as a result of which
the Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations
under the terms of the Credit Agreement (including any issuance or sale of Guarantor’s capital
stock or any sale of its assets), to the extent the Borrower is unable to make such mandatory
prepayment, the Guarantor shall distribute to, or make a contribution to the capital of, the
Borrower an amount equal to the mandatory prepayment required under the terms of the Credit
Agreement.

ARTICLE 3

DELIVERIES

          In a form satisfactory to Agent, Guarantor shall deliver to Agent (with sufficient copies for
each Lender), concurrently with the execution of this Guaranty and the Credit Agreement, the Loan
Documents and other instruments, certificates and documents as are required to be delivered by
Guarantor to Agent under the Credit Agreement.

ARTICLE 4

REPRESENTATIONS AND WARRANTIES

          To induce Lenders to make the Loans under the Credit Agreement, Guarantor makes the following
representations and warranties to the Agent and each Lender, each and all of which shall survive
the execution and delivery of this Guaranty:

     4.1 Corporate Existence and Standing. Guarantor is a corporation or company duly incorporated
or organized, validly existing and in good standing under the laws of its jurisdiction of
incorporation or organization and has all requisite authority to own its property and to carry on
its business in each jurisdiction where the failure to so qualify would have a material adverse
effect on its business, properties, assets, operations or financial condition taken as a whole.

     4.2 Authorization and Validity. Guarantor has the power and authority and legal right to
execute and deliver this Agreement and each other Loan Document to which it is a party and to
perform its obligations thereunder. Such execution and delivery have been duly authorized by
proper proceedings, and this Agreement and such other Loan Documents constitute the legal, valid
and binding obligations of Guarantor, enforceable against it in accordance with their respective
terms, except as such enforceability may be limited by (i) bankruptcy, insolvency, reorganization,
receivership, liquidation, moratorium, and other similar laws affecting the rights and remedies of
creditors generally and (ii) by general principles of equity (regardless of whether such
enforcement is considered in equity or at law).

     4.3 No Conflict; Governmental Consent. The execution, delivery and performance of this
Agreement and the other Loan Documents to which Guarantor is a party will not violate any law,
rule, regulation, order, writ, judgment, injunction, decree or award binding on any
Guarantor, any provision of Guarantor’s respective articles or certificate of incorporation or
organization, by-laws or other charter documents, or the provisions of any indenture, instrument or
other written or oral agreement to which Guarantor is a party or is subject or by which the
Guarantor or any of its property is bound, or conflict therewith or constitute a default
thereunder,

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or result in the creation or imposition of any Lien in, of or on any of its property
pursuant to the terms of any such indenture, instrument or agreement (other than any Lien permitted
by Section 10.2 of the Credit Agreement). No order, consent, approval, license, authorization or
validation of, or filing, recording or registration with, or exemption by, any Governmental
Authority is required by or in respect of the Guarantor to authorize or is required in connection
with the execution, delivery and performance of or the enforceability of this Agreement or any of
the other Loan Documents to which Guarantor is a party, except as otherwise required by the terms
of such Loan Document.

     4.4 Compliance with Laws; Environmental and Safety Matters. (a) Guarantor represents and
warrants to the Agent and the Lenders that Guarantor has complied with all applicable statutes,
rules, regulations, orders and restrictions of any domestic or foreign government or Governmental
Authority having jurisdiction over the conduct of its businesses or the ownership of its respective
properties except to the extent that such non-compliance will not have a material adverse effect on
the financial condition or business operations of the Borrower or on the Euronet Entities on a
consolidated basis.

     (b) Guarantor has complied with all federal, national, state, local and other statutes,
ordinances, orders, judgments, rulings and regulations relating to environmental pollution,
environmental regulation or control, or employee health or safety, except to the extent that such
non-compliance will not have a material adverse effect on the financial condition or business
operations of the Borrower; Guarantor has not received any written notice of any failure so to
comply; and none of Guarantor’s facilities treat, store or dispose of any hazardous wastes,
hazardous substances, hazardous materials, toxic substances, toxic pollutants or substances
(collectively, “Hazardous Materials”) similarly denominated, as those terms or similar terms are
used in RCRA, CERCLA, the Hazardous Materials Transportation Act, the Toxic Substances Control Act,
the Clean Air Act, the Clean Water Act, the Occupational Safety and Health Act or any other state,
local or federal applicable law, ordinance, rule or regulation relating to environmental pollution,
environmental regulation or control or employee health and safety (collectively, “Environmental
Laws”) in a quantity or manner that requires a permit, registration, or another notification or
authorization from a Governmental Authority except for the treatment, storage, or disposal of
Hazardous Materials in a quantity or manner which, if in non-compliance with Environmental Laws,
would not have a material adverse effect on the Borrower’s financial condition or business
operations, taken as a whole. The conduct of the business and the condition of the property of
Guarantor does not violate any Environmental Laws or any judicial interpretation thereof relating
primarily to the environment or Hazardous Materials. Guarantor is not aware of any events,
conditions or circumstances involving environmental pollution or contamination or employee health
or safety that could reasonably be expected to result in material liability on the part of the
Borrower taken as a whole.

     4.5 Ownership of Properties; Collateral Liens. Guarantor has good title, free and clear of
all Liens (other than those permitted by Section 10.2 of the Credit Agreement), to all of the
properties and assets reflected in its financial statements as owned by it, and its interest in all
other properties and assets in or to which it has an interest as a lessee, licensee or otherwise is
free and clear of all Liens (other than those permitted under Section 10.2 of the Credit
Agreement).

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     4.6 Taxes. Guarantor has filed all federal tax returns and all other tax returns which are
required to be filed and paid all taxes due pursuant to said returns or pursuant to any assessment
received by it, including without limitation all federal and state withholding taxes and all taxes
required to be paid pursuant to applicable law, except such taxes, if any, as are being contested
in good faith, by appropriate proceedings and as to which adequate charges, accruals and reserves
have been set aside. No tax Liens have been filed, and no claims are being asserted with respect
to any such taxes, except such tax Liens and claims that will not have a material adverse effect in
the aggregate, on the assets, business, operations or financial condition of the Euronet entities
on a consolidated basis. The charges, accruals and reserves on the books of the Euronet Entities,
on a consolidated basis, in respect of any taxes or other governmental charges are adequate.

     4.7 Solvency. Guarantor reasonably anticipates that it will be able to meet its debts as
they mature. Guarantor has adequate capital to conduct the business in which it is engaged.

     4.8 Executive Offices. Guarantor’s executive office and principal place of business are as
set forth on Schedule 4.8.

ARTICLE 5

COVENANTS

     Guarantor agrees that it will:

     5.1 Conduct of Business and Maintenance of Properties. Carry on and conduct its business in
substantially the same manner and in substantially the same fields of enterprise as it is presently
conducted and do all things necessary to remain duly incorporated, validly existing and in good
standing in its jurisdiction of organization and maintain all requisite authority to conduct its
business in each jurisdiction in which its business is conducted; maintain, preserve, protect and
keep its properties in good repair, working order and condition; and comply in all material
respects with all agreements and instruments to which it is a party.

     5.2 Insurance. Maintain with financially sound and reputable insurance companies, insurance
on all its property, covering such liabilities and such risks (including business interruption
risks) and in such amounts as is consistent with sound business practice and reasonably
satisfactory to the Agent and furnish to the Agent upon request full information as to the
insurance carried.

     5.3 Compliance with Laws and Taxes. Comply with, any and all laws, statutes, rules,
regulations, orders, judgments, decrees and awards, a violation of which, in any respect, taken as
a whole, may materially and adversely affect the Guarantor’s business, assets, operations or
condition, financial condition taken as a whole, including, without limitation, those regarding the
collection, payment and deposit of employees’ income, unemployment, and Social Security taxes (or
similarly established social insurance and healthcare taxes) and those regarding environmental
matters; pay when due all taxes, assessments and governmental charges and levies
upon it or its income, profits or property, except those which are being contested in good faith by
appropriate proceedings and with respect to which adequate reserves have been set aside; make a
timely payment or deposit of all FICA payments and withholding taxes (or similarly established

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social insurance and healthcare taxes) required of it under applicable law; and, upon request,
furnish to the Agent evidence satisfactory to the Agent that such payments have been made.

     5.4 Financial Statements, Reports, etc. Maintain a system of accounting established and
administered in accordance with GAAP (as adopted in the United States).

     5.5 Further Assurances. The Guarantor agrees, upon the written request of Agent or any
Lender, to execute and deliver to Agent or such Lender, from time to time, any additional
instruments or documents reasonably considered necessary by Agent or such Lender to cause this
Guaranty to be, become or remain valid and effective in accordance with its terms.

ARTICLE 6

PAYMENTS FREE AND CLEAR OF TAXES

     All payments required to be made by Guarantor hereunder shall be made to Agent and Lenders
free and clear of, and without deduction for, any and all present and future taxes. If Guarantor
shall be required by law to deduct any withholding taxes from or in respect of any sum payable
hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after
making all required deductions (including deductions applicable to additional sums payable under
this Section 6) Agent or Lenders, as applicable, receive an amount equal to the sum they would have
received had no such deductions been made, (b) Guarantor shall make such deductions, and (c)
Guarantor shall pay the full amount deducted to the relevant taxing or other authority in
accordance with applicable law. Guarantor shall not be required, however, to gross up payments to
Agent or Lenders for an amount higher than the withholding tax rate established in the treaty
existing at such time of payment between Guarantor’s country of legal domicile and the United
States. Within thirty (30) days after the date of any payment of taxes, or within five (5)
Business Days following receipt by Guarantor of evidence of payment from Guarantor’s taxing
authority, whichever is later,Guarantor shall furnish to Agent the original or a certified copy of
a receipt evidencing payment thereof. Guarantor shall indemnify and, within ten (10) days of
demand therefor, pay Agent and each Lender for the full amount of withholding taxes (including any
withholding taxes imposed by any jurisdiction on amounts payable under this Section 6) paid by
Agent or such Lender, as appropriate, and any liability (including penalties, interest and
expenses) arising therefrom or with respect thereto, whether or not such taxes were correctly or
legally asserted, so long as paid by such Agent or such Lender in good faith.

ARTICLE 7

OTHER TERMS

     7.1 Entire Agreement. This Agreement and the other Loan Documents constitute the entire
contract between the parties relative to the subject matter hereof. Any previous agreement among
the parties with respect to the subject matter hereof is superseded by this Agreement and the other
Loan Documents. Nothing in this Agreement or in the other Loan
Documents, expressed or implied, is intended to confer upon any party other than the parties
hereto and thereto any rights, remedies, obligations or liabilities under or by reason of this
Agreement or the other Loan Documents.

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     7.2 Headings. Section headings used herein are for convenience of reference only, are not
part of this Agreement and are not to affect the construction of, or to be taken into consideration
in interpreting, this Agreement.

     7.3 Severability. In the event any one or more of the provisions contained in this Agreement
or in any other Loan Document should be held invalid, illegal or unenforceable in any respect, the
validity, legality and enforceability of the remaining provisions contained herein and therein
shall not in any way be affected or impaired thereby. The parties shall endeavor in good faith
negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the
economic effect of which comes as close as possible to that of the invalid, illegal or
unenforceable provisions.

     7.4 Notices. Notices and other communications provided for herein shall be in writing and
shall be delivered by hand or overnight courier service, mailed or sent by telecopy or other
telegraphic communications equipment of the sending party, as follows:

if to Guarantor, to it at 4601 College Boulevard, Suite 300, Leawood, Kansas 66211 (Facsimile:
913-327-1921).

if to the Agent, to it at PO Box 219038, MO8-060-12-02, 64121-9038, Attention: Middle Market
Banking (Facsimile: 816-979-7174) (if by hand delivery or overnight courier service then to 1200
Main, Suite 1400, Kansas City, Missouri 64105, Attention: Middle Market Banking) with a required
copy to Scott Long, Lathrop & Gage L.C., 2345 Grand Boulevard, Kansas City, Missouri 64108
(Facsimile: 816/292-2001);

or to such other address or telecopy number as any party may direct by notice given as provided in
this Section 7.4. All notices and other communications given to any party hereto in accordance
with the provisions of this Agreement shall be deemed to have been given on the date of receipt if
delivered by hand or overnight courier service or sent by telecopy or other telegraphic
communications equipment of the sender, if received on or before 5:00 p.m., local time of the
recipient, on a Business Day, or on the next Business Day if received after 5:00 p.m. on a Business
Day or on a day that is not a Business Day, or on the date five (5) Business Days after dispatch by
certified or registered mail if mailed, in each case delivered, sent or mailed (properly addressed)
to such party as provided in this Section 7.4 or in accordance with the latest unrevoked direction
from such party given in accordance with this Section 7.4.

     7.5 Successors and Assigns; Participations. Whenever in this Agreement any of the parties
hereto is referred to, such reference shall be deemed to include the successors and permitted
assigns of such party. The Agent and any Lender may assign or delegate to one or more of its
Affiliates all or a portion of its interests, rights and obligations under this Agreement
(including all or a portion of the Loans and the Note). Each Lender may sell participations to one
or more of its Affiliates in all or a portion of its rights and obligations under this Agreement
(including all or a portion of the Loans and the Notes). Each Lender may, in connection with
any assignment or participation or proposed assignment or participation pursuant to this
Section 7.5, disclose to the assignee or participant or proposed assignee or participant any
information relating to the Borrower Agent, the Borrower and the Euronet Entities furnished to the
Agent or the Lenders by or on behalf of the Borrower Agent or the Borrower.

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     7.6 No Waiver; Cumulative Remedies; Amendments. Neither the Agent nor any Lender shall by any
act, delay, omission or otherwise be deemed to have waived any of its rights or remedies hereunder,
and no waiver shall be valid unless in writing, signed by Agent and then only to the extent therein
set forth. A waiver by the Agent, for itself and the ratable benefit of the Lenders, of any right
or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy
which the Agent would otherwise have had on any future occasion. No failure to exercise nor any
delay in exercising on the part of the Agent or any Lender, any right, power or privilege
hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any
right, power or privilege hereunder preclude any other or future exercise thereof or the exercise
of any other right, power or privilege. The rights and remedies hereunder provided are cumulative
and may be exercised singly or concurrently, and are not exclusive of any rights and remedies
provided by law. None of the terms or provisions of this Guaranty may be waived, altered,
modified, supplemented or amended except by an instrument in writing, duly executed by the Agent
and the Guarantor.

     7.7 Termination. This Guaranty is a continuing guaranty and shall remain in full force and
effect until all commitments under the Credit Agreement (including any amendment, restatement or
refinancing thereof with Bank of America) to lend have been terminated and all Obligations of the
Borrower have been indefeasibly paid in full. Upon payment and performance in full of the
Guaranteed Obligations, Agent shall deliver to the Guarantor such documents as the Guarantor may
reasonably request to evidence such termination.

     7.8 Counterparts. This Agreement may be executed in two or more counterparts, all of which
when taken together shall constitute but one contract.

     7.9 Applicable Law. This Agreement and the other Loan Documents shall be governed by and
construed and enforced under and in accordance with the laws of the State of Missouri applicable to
contracts made and to be performed wholly within said state, without giving effect to choice of law
or conflict of law principles.

     7.10 ARBITRATION. (a) EXCEPT AS SET OUT BELOW, ANY CONTROVERSY OR CLAIM BETWEEN OR AMONG THE
PARTIES HERETO, INCLUDING BUT NOT LIMITED TO THOSE ARISING OUT OF OR RELATING TO THIS AGREEMENT OR
ANY LOAN DOCUMENTS, INCLUDING ANY CLAIM BASED ON OR ARISING FROM AN ALLEGED TORT (COLLECTIVELY,
“CLAIM”), SHALL BE DETERMINED BY BINDING ARBITRATION IN ACCORDANCE WITH THE FEDERAL ARBITRATION ACT
ADOPTED BY THE UNITED STATES (OR IF NOT APPLICABLE, THE APPLICABLE LAW IN THE STATE OF MISSOURI),
THE RULES OF PRACTICE AND PROCEDURE FOR THE ARBITRATION OF COMMERCIAL DISPUTES OF
J.A.M.S./ENDISPUTE OR ANY SUCCESSOR THEREOF (“J.A.M.S.”), AND THE “SPECIAL RULES” SET FORTH BELOW.
IN THE EVENT OF ANY INCONSISTENCY, THE SPECIAL RULES SHALL CONTROL. JUDGMENT UPON ANY ARBITRATION
AWARD MAY BE ENTERED IN ANY COURT HAVING JURISDICTION. ANY PARTY TO THIS AGREEMENT MAY BRING AN
ACTION, INCLUDING A SUMMARY OR EXPEDITED PROCEEDING, TO COMPEL ARBITRATION OF ANY CLAIM IN ANY
COURT HAVING JURISDICTION OVER SUCH ACTION. THE INSTITUTION AND MAINTENANCE OF AN ACTION FOR ANY
JUDICIAL RELIEF SHALL NOT

11

 

CONSTITUTE A WAIVER OF THE RIGHT OF ANY PARTY, INCLUDING THE PLAINTIFF,
TO SUBMIT THE CLAIM TO ARBITRATION IF ANY OTHER PARTY CONTESTS SUCH ACTION FOR JUDICIAL RELIEF.

     (b) SPECIAL RULES. ANY ARBITRATION SHALL BE CONDUCTED IN THE COUNTY OF BORROWER AGENT’S
DOMICILE AT THE TIME OF THE EXECUTION OF THIS AGREEMENT, OR IF THERE IS REAL OR PERSONAL PROPERTY
COLLATERAL, IN THE COUNTY WHERE SUCH REAL OR PERSONAL PROPERTY IS LOCATED, AND ADMINISTERED BY
J.A.M.S. WHO WILL APPOINT AN ARBITRATOR; IF J.A.M.S. IS UNABLE OR LEGALLY PRECLUDED FROM
ADMINISTERING THE ARBITRATION, THEN THE AMERICAN ARBITRATION ASSOCIATION WILL SERVE. ALL
ARBITRATION HEARINGS WILL BE COMMENCED WITHIN 90 DAYS OF THE DEMAND FOR ARBITRATION; FURTHER, THE
ARBITRATION SHALL ONLY, UPON A SHOWING OF CAUSE, BE PERMITTED TO EXTEND THE COMMENCEMENT OF SUCH
HEARING FOR UP TO AN ADDITIONAL 60 DAYS. ANY DISPUTE CONCERNING THIS ARBITRATION PROVISION OR
WHETHER A CLAIM IS ARBITRABLE SHALL BE DETERMINED BY THE ARBITRATOR. THE ARBITRATOR SHALL HAVE THE
POWER TO AWARD LEGAL FEES PURSUANT TO THE TERMS OF THIS AGREEMENT.

     (c) RESERVATION OF RIGHTS. NOTHING IN THIS ARBITRATION PROVISION SHALL BE DEEMED TO (I)
LIMIT THE APPLICABILITY OF ANY OTHERWISE APPLICABLE STATUTES OF LIMITATION OR REPOSE AND ANY
WAIVERS CONTAINED IN THIS AGREEMENT; OR (II)) BE A WAIVER BY AGENT OR ANY LENDER OF THE PROTECTION
AFFORDED TO IT BY 12 U.S.C. SEC. 91 OR ANY SUBSTANTIALLY EQUIVALENT STATE LAW; OR (III) LIMIT THE
RIGHT OF ANY PARTY HERETO (A) TO EXERCISE SELF HELP REMEDIES SUCH AS (BUT NOT LIMITED TO) SETOFF,
OR (B) TO FORECLOSE AGAINST OR SELL ANY REAL OR PERSONAL PROPERTY OR COLLATERAL, OR (C) TO OBTAIN
FROM A COURT PROVISIONAL OR ANCILLARY REMEDIES SUCH AS (BUT NOT LIMITED TO) INJUNCTIVE RELIEF, WRIT
OF POSSESSION OR THE APPOINTMENT OF A RECEIVER, ANY PARTY MAY EXERCISE SUCH SELF HELP RIGHTS,
FORECLOSE OR SELL COLLATERAL OR OBTAIN SUCH PROVISIONAL OR ANCILLARY REMEDIES BEFORE, DURING OR
AFTER THE PENDENCY OF ANY ARBITRATION PROCEEDING BROUGHT PURSUANT TO THIS AGREEMENT. NONE OF THESE
ACTIONS SHALL CONSTITUTE A WAIVER OF THE RIGHT OF ANY PARTY, INCLUDING THE CLAIMANT IN ANY SUCH
ACTION, TO ARBITRATE THE MERITS OF THE CLAIM OCCASIONING RESORT TO SUCH REMEDIES OR PROCEDURES.

     (d) WAIVER OF CERTAIN DAMAGES. THE PARTIES HERETO WAIVE ANY RIGHT OR REMEDY EITHER MAY HAVE
AGAINST THE OTHER TO RECOVER PUNITIVE OR EXEMPLARY DAMAGES ARISING OUT OF ANY CLAIM WHETHER THE
CLAIM IS RESOLVED BY ARBITRATION OR BY JUDICIAL ACTION.

12

 

ARTICLE 8

NEGATIVE PLEDGE

     Guarantor covenants and agrees that it shall not permit to exist any Lien on any of its
property, except Liens of the nature or type the Euronet Entities are permitted to have pursuant to
Section 10.2 of the Credit Agreement. On the request of the Agent, the Guarantor will execute
acknowledgments or other forms of notice of such negative pledge, and the Agent may record or file
the same in the appropriate filing offices.

ARTICLE 9

SPECIAL INDIA LAW PROVISIONS

     9.1 Guarantor’s obligations under this Guaranty shall not be affected or impaired by any act,
omission, circumstance (other than complete payment of the Guaranteed Obligations), matter or thing
which, but for this provision, would reduce, release or prejudice any of its obligations under this
Agreement or which might otherwise constitute a legal or equitable discharge or defence of a surety
or a guarantor, including (whether or not known to the Guarantor or to the Agent or any Lender) the
dissolution, liquidation, reorganization or other alteration of the legal status or structure of
the Borrower or the Guarantor including as a sick company under the provisions of Sick Industrial
Companies (Special Provisions) Act, 1985.

     9.2 If the Borrower becomes a sick company under the provision of the Sick Industrial
Companies (Special) Provisions) Act, 1985 or a reference is made to the Board of Industrial and
Financial Reconstruction under the provision of the Sick Industrial Companies (Special) Provisions)
Act, 1985 or if the Borrower becomes bankrupt and the enters into a composition or makes any
arrangement with its creditors, or is dissolved, liquidated or wound up, the Guarantor shall not
claim, rank, prove or vote as a creditor of the Borrower or its estate in competition with Bank of
America or any other Lenders in respect of any amounts owing to the Guarantor by the Borrower on
any account whatsoever, but instead shall give the Agent, on behalf of the Lenders, the benefit of
any such proof and of all amounts to be received in respect of that proof until all Guaranteed
Obligations have been fully paid and/or all obligations of the Borrower under the Credit Agreement
and any the other Loan Documents have been fulfilled and fully paid to the Agent and the Lenders.
Further, the Guarantor confirms and undertakes that it shall forthwith on demand by the Agent
deposit with the Agent on behalf of the Lenders such amount of cash collateral and/or such other
security as may be acceptable to the Agent.

13

 

          IN WITNESS WHEREOF, the parties hereto have executed and delivered this Guaranty Agreement as
of the date first above written.

THIS AGREEMENT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE
ENFORCED BY THE PARTIES.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	EURONET WORLDWIDE, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Rick Weller	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Rick Weller	 	 
	 	 	Title: 	Executive Vice President and Chief Financial Officer	 
	 
	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A., as Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ John Mills	 	 
	 

	 	 	 	 	 	 
	 	 	Name: John P. Mills	 	 
	 	 	Title: Vice President	 	 

Signature Page to Guaranty by Euronet Worldwide, Inc.

Pursuant to the Rupee Credit Agreement

 

 

 SCHEDULE 4.8

4601 College Boulevard, Suite 300, Leawood, Kansas 66211exv10w8

 

Exhibit 10.8

EURONET WORLDWIDE, INC.

2006 STOCK INCENTIVE PLAN

Restricted Stock Agreement

	 	 	 	 
	 	Date of Grant:
	 	 
	 	 

	 	 
	 	 
	 	 
	 	Number of Restricted Shares Granted:

	 	(                    )
	 	 

	 	 

     This Agreement dated ___, is made by and between Euronet Worldwide, Inc., a
Delaware corporation (the “Company”), and ___(“Participant”).

RECITALS:

     A. Effective May 18, 2006, the Company’s stockholders approved the Euronet Worldwide, Inc.
2006 Stock Incentive Plan (the “Plan”) pursuant to which the Company may, from time to time, grant
Shares of Restricted Stock to current or prospective key employees, non-employee directors or
outside consultants of the Company.

     B. Participant is an employee, consultant or non-employee director of the Company or one of
its Affiliates and the Company desires to encourage him/her to own Shares and to give him/her added
incentive to advance the interests of the Company, and desires to grant Participant shares of
Restricted Stock of the Company under the terms and conditions established by the Committee.

AGREEMENT:

     In consideration of the mutual covenants contained herein and other good and valuable
consideration, the receipt of which is hereby acknowledged, the parties agree as follows:

     1. Incorporation of Plan. All provisions of this Award Agreement and the rights of
Participant hereunder are subject in all respects to the provisions of the Plan and the powers of
the Committee therein provided. Capitalized terms used in this Agreement but not defined shall
have the meaning set forth in the Plan. The Plan and a Prospectus including a summary of the Plan
are available on the Euronet website at http/eworld.eeft.com and may be obtained from the Human
Resources Director of Euronet.

     2. Grant of Restricted Stock. Subject to the conditions and restrictions set forth in
this Agreement and in the Plan, the Company hereby grants to Participant that number of Shares of
Restricted Stock identified above opposite the heading “Number of Restricted Shares Granted” (the
“Restricted Shares”).

     3. Consideration to the Company. In consideration of the granting of the Restricted
Shares by the Company, Participant will render faithful and efficient services as a Service
Provider to the Company. Nothing in this Agreement or in the Plan will confer upon Participant any
right to continue as a Service Provider to the Company or will interfere with or restrict in any
way

 

the rights of the Company, which are hereby expressly reserved, to terminate Participant’s
position as a Service Provider to the Company at any time for any reason whatsoever, with or
without cause.

     4. Restrictions on Transfer/Vesting Date. Subject to any exceptions set forth in this
Agreement or in the Plan, the Restricted Shares or the rights relating thereto may not be sold,
transferred, gifted, bequeathed, pledged, assigned, or otherwise alienated or hypothecated,
voluntarily or involuntarily, prior to the vesting date for such Restricted Shares (the “Vesting
Date”), as identified below. On the Vesting Date, such restriction on transfer shall lapse and the
Restricted Shares, if not previously forfeited pursuant to Section 5 below, will become freely
transferable under this Agreement and the Plan, subject only to such further limitations on
transfer, if any, as may exist under applicable law or any other agreement binding upon
Participant. Subject to any exceptions listed in this Agreement or in the Plan, the Restricted
Shares will become vested in accordance with the criteria set forth below:

	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	a)

	 	Time Vesting
	 	 	Subject to accelerated vesting under Section 4(b) below, the Restricted Shares under this Award Agreement shall vest
as follows:
	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 

	 	 	 	 	[Insert any Time Vesting Criteria]	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 

	 	 	 	 	If the above sums do not derive a whole number of shares as of any Vesting Date, then the number of shares vested
shall be the lower whole number resulting from such sum with any residual shares vesting as of the last Vesting Date.	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	b)

	 	Performance

Criteria
	 	 	Notwithstanding the terms provided in the box entitled “Time Vesting “ above, if Performance Criteria are set forth
below, vesting of the Restricted Shares under this Award Agreement will be accelerated, and the Restricted Shares
will vest in accordance with the schedule provided below, if such Performance Criteria are met:	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 

	 	 	 	 	[Insert any Performance Criteria]	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 

	 	 	 	 	Provided that the above will be subject in each case to the following:	 	 	 
	 	 

	 	 	 	 	(i)
	 	to Participant’s service with the Company not terminating prior to the date vesting occurs under the
Performance Criteria; and	 	 	 
	 	 

	 	 	 	 	(ii)
	 	the Committee’s determination and certification in writing that the Performance Criteria have been achieved.	 	 	 
	 	 	 	 	 	 	 	 

2

 

     The Committee may, in its sole discretion, accelerate the Vesting Date for any or all of
the Restricted Shares if in its judgment the performance of Participant has warranted such
acceleration and/or such acceleration is in the best interests of the Company.

     5. Forfeiture Prior to Vesting. Unless otherwise provided below, if Participant’s
position as a Service Provider with the Company or any of its Affiliates is terminated prior to the
Vesting Date for the Restricted Shares, Participant shall thereupon immediately forfeit any and all
unvested Restricted Shares, and the full ownership of such Restricted Shares and rights shall
thereupon revert to the Company. Upon such forfeiture, Participant shall have no further rights
under this Agreement. For purposes of this Agreement, transfer of employment between the Company
and any of its Affiliates (or between Affiliates) shall not constitute a termination of
Participant’s position as a Service Provider. In the event that Participant’s position as a
Service Provider with the Company or any of its Affiliates is terminated by the Company or any of
its Affiliates prior to the Vesting Dates and due to Participant’s death or Disability, the
Restricted Shares shall become vested, and any restrictions on the transferability of such
Restricted Shares shall lapse and cease to be effective, as of the date of Participant’s
termination as a Service Provider.

     6. Certificates. The Restricted Shares shall be issued in the name of Participant or
a nominee of Participant as of the Date of Grant. One or more certificates representing the
Restricted Shares shall bear a legend evidencing the nature of the Restricted Shares and will be
held by the Company or by its transfer agent, together with a stock power to be executed by
Participant in favor of the Company, until the Vesting Date, at which time the certificate(s)
representing the Restricted Shares then vesting will be delivered to Participant.

     7. Dividends and Voting. From the Date of Grant to the date a share of Restricted
Stock becomes vested, the Participant shall be entitled to receive all dividends, payable in stock,
in cash or in kind, or other distributions, declared on or with respect to the Restricted Share as
of a record date that occurs on or after the Date of Grant hereunder and prior to any transfer or
forfeiture of such Restricted Share by Participant. Any dividends paid in cash will be held in
escrow by the Company and, both those cash dividends and any other non-cash distributions received
on the Restricted Shares will be subject to the same rights, restrictions on transfer and
conditions regarding vesting and forfeiture as the Restricted Share with respect to which such
dividends or distributions are paid at the time of payment. From the Date of Grant to the date a
share of Restricted Stock becomes vested, the Participant shall be entitled to exercise all voting
rights with respect to the Restricted Share, if the record date for the exercise of such voting
rights occurs on or after the Date of Grant hereunder and prior to any transfer or forfeiture of
such Restricted Share. In the event of forfeiture by Participant of any or all of the Restricted
Shares or any of the equity securities distributed to Participant with respect thereto, Participant
will forfeit all cash dividends held in escrow and relating to the underlying forfeited Restricted
Shares and shall be required to return to the Company any distributions previously paid to
Participant with respect to the forfeited Restricted Shares.

     8. Long-Term Consideration for Award. Participant recognizes and agrees that the
Company’s key consideration in granting this Award is securing Participant’s long-term commitment
to advance and promote the Company’s business interests and objectives. Accordingly, Participant
agrees to the following as material and indivisible consideration for this Award:

3

 

     (a) Fiduciary Duty. During his/her employment with the Company, Participant
shall devote his/her full energies, abilities, attention and business time to the
performance of his/her job responsibilities and shall not engage in any activity which
conflicts or interferes with, or in any way compromises, performance of such
responsibilities.

     (b) Confidential Information. Participant recognizes that by virtue of his/her
employment with the Company, Participant will be granted otherwise prohibited access to
confidential information and proprietary data which are not known to the Company’s
competitors. This information (the “Confidential Information”) includes, but is not limited
to, current and prospective customers; the identity of key contacts at such customers;
customers’ particularized preferences and needs; marketing strategies and plans; financial
data; personnel data; compensation data; proprietary procedures and processes; and other
unique and specialized practices, programs and plans of the Company and its customers and
prospective customers. Participant recognizes that this Confidential Information
constitutes a valuable property of the Company, developed over a significant period of time
and at substantial expense. Accordingly, Participant agrees that he/she shall not, at any
time during or after his or her employment with the Company, divulge such Confidential
Information or make use of it for his/her own purposes or the purposes of any person or
entity other than the Company.

     (c) Non-Solicitation of Customers. Participant recognizes that by virtue of
his/her employment with the Company Participant will be introduced to and involved in the
solicitation and servicing of existing customers of the Company and new customers obtained
by the Company during Participant’s employment. Participant understands and agrees that all
efforts expended in soliciting and servicing such customers shall be for the permanent
benefit of the Company. Participant further agrees that during his/her employment with the
Company Participant will not engage in any conduct which could in any way jeopardize or
disturb any of the Company’s customer relationships. Participant also recognizes the
Company’s legitimate interest in protecting, for a reasonable period of time after his/her
employment with the Company, the Company’s customers. Accordingly, Participant agrees that,
for a period beginning on the date hereof and ending one (1) year after termination of
his/her employment with the Company, regardless of the reason for such termination,
Participant shall not, directly or indirectly, without the prior written consent of the
Chairman of the Company, market, offer, sell or otherwise furnish any products or services
similar to, or otherwise competitive with, those offered by the Company to any customer of
the Company.

     (d) Non-Solicitation of Employees. Participant recognizes the substantial
expenditure of time and effort which the Company devotes to the recruitment, hiring,
orientation, training and retention of its employees. Accordingly, Participant agrees that,
for a period beginning on the date hereof and ending two (2) years after termination of
his/her employment with the Company, regardless of the reason for such termination,
Participant shall not, directly or indirectly, for himself or herself or on behalf of any
other person or entity, solicit, offer employment to, hire or otherwise retain the services
of any employee of the Company.

4

 

     (e) Survival of Commitments; Potential Recapture of Award and Proceeds.
Participant acknowledges and agrees that the terms and conditions of this Section 8
regarding confidentiality and non-solicitation shall survive both (i) the termination of
his/her employment with the Company for any reason, and (ii) the termination of the Plan,
for any reason. Participant acknowledges and agrees that the grant of Restricted Shares in
this Award Agreement is just and adequate consideration for the survival of the restrictions
set forth herein, and that the Company may pursue any or all of the following remedies if
Participant either violates the terms of this Section or succeeds for any reason in
invalidating any part of it (it being understood that the invalidity of any term hereof
would result in a failure of consideration for the Award):

     (i) declaration that the Award is null and void and of no further force or
effect;

     (ii) recapture of any cash paid or Shares issued to Participant, or any
designee or beneficiary of the Participant, pursuant to the Award;

     (iii) recapture of the proceeds, plus reasonable interest, with respect to any
Shares that are both issued pursuant to this Award and sold or otherwise disposed of
by Participant, or any designee or beneficiary of Participant.

     The remedies provided above are not intended to be exclusive, and the Company may seek
such other remedies as are provided by law, including equitable relief.

     (f) Acknowledgement. Participant acknowledges and agrees that adherence to the
foregoing requirements will not prevent him/her from engaging in his/her chosen occupation
and earning a satisfactory livelihood following the termination of his/her employment with
the Company.

     9. Section 83(b) Election Notice. If Participant makes an election under Section
83(b) of the Code, with respect to the Shares underlying Participant’s Restricted Shares (a
“Section 83(b) election”), Participant agrees to provide a copy of such election to the Company
within 10 days after filing that election with the Internal Revenue Service. Appendix A contains a
suggested form of Section 83(b) election.

     10. Forfeitures Due to Section 280G Limitations. Notwithstanding anything to the
contrary in this Award Agreement, in the event that the vesting of the Restricted Shares is
accelerated because of a Change in Control as defined in the Plan and subject to the modifications
of this Section 10, and such acceleration results in Participant being liable or obligated for the
payment of any Federal excise taxes under Section 4999(a) of the Code, and/or any state or local
excise taxes attributable to an “excess parachute payment” under Section 280G of the Code, the
number of Restricted Shares granted to Participant as to which the vesting period shall lapse may
be reduced by the smallest number necessary to eliminate such tax liability.

     11. Designation of Beneficiary. Notwithstanding anything to the contrary contained
herein or in the Plan, following the execution of this Award Agreement, Participant may

5

 

expressly designate a beneficiary (the “Beneficiary”), if any, in the Restricted Shares
awarded hereby. Participant shall designate the Beneficiary by completing and executing a
designation of beneficiary agreement substantially in the form attached hereto as Appendix B (the
“Designation of Beneficiary”) and delivering an executed copy of the Designation of Beneficiary to
the Company.

     12. Tax Withholding. Participant is solely responsible and liable for the
satisfaction of all taxes and penalties that may arise in connection with this Award Agreement
(including any taxes arising under Section 409A of the Code), and the Company shall not have any
obligation to indemnify or otherwise hold Participant harmless from any or all of such taxes. To
the extent that the Award of any Restricted Shares granted hereunder may obligate the Company to
pay withholding taxes on Participant’s behalf, the Company shall have the power to withhold, or
require Participant to remit to the Company, an amount sufficient to satisfy any such federal,
state, local or foreign withholding taxes.

     13. Notices. Any notice or communication required or permitted by any provision of
this Award Agreement to be given to Participant shall be in writing and shall be delivered
personally or sent by certified mail, return receipt requested, addressed to the last address that
the Company had for Participant on its records. Each party may, from time to time, by notice to
the other party hereto, specify a new address for delivery of notices relating to this Award
Agreement. Any such notice shall be deemed to be given as of the date such notice is personally
delivered or properly mailed.

     14. Titles. Titles are provided herein for convenience only and are not to serve as a
basis for interpretation or construction of this Agreement.

     15. Amendment. This Agreement may be amended only by a writing executed by the
parties hereto which specifically states that it is amending this Agreement.

     16. Governing Law. The laws of the State of Delaware will govern the interpretation,
validity and performance of this Agreement regardless of the law that might be applied under
principles of conflicts of laws.

     17. Binding Effect. Except as expressly stated herein to the contrary, this Agreement
will be binding upon and inure to the benefit of the respective heirs, legal representatives,
successors and assigns of the parties hereto.

     This Agreement has been executed and delivered by the parties hereto.

6

 

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	The Company:
	 	Participant:
	 
	 	 	 	 	 	 
	Euronet Worldwide, Inc.
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:	 	 	 	Address of Participant:
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 
	 	 
	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 

7

 

APPENDIX A

EURONET WORLDWIDE, INC.

2006 STOCK INCENTIVE PLAN

 

Section 83(b) Election Form

 

Attached is an Internal Revenue Code Section 83(b) Election Form. If you wish to make a Section
83(b) election, you must do so within 30 days after the date the RESTRICTED SHARES covered by the
election were transferred to you. In order to make the election, you must completely fill out the
attached form and file one copy with the Internal Revenue Service office where you file your tax
return. In addition, one copy of the statement also must be submitted with your income tax return
for the taxable year in which you make this election. Finally, you also must submit a copy of the
election form to the Company within 10 days after filing that election with the Internal Revenue
Service. A Section 83(b) election normally cannot be revoked.

8

 

EURONET WORLDWIDE, INC.

2006 STOCK INCENTIVE PLAN

 

Election to Include Value of Restricted Shares in Gross Income

in Year of Transfer Under Internal Revenue Code Section 83(b)

 

     Pursuant to Section 83(b) of the Internal Revenue Code, I hereby elect within 30 days after
receiving the property described herein to be taxed immediately on its value specified in item 5
below.

	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	1.	 	My General Information:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Address:	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	S.S.N.	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	or T.I.N.:	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	2.	 	Description of the property with respect to which I am making this election:
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	______________ shares of _________________________ stock of Euronet
Worldwide, Inc. (the “Restricted Shares”).
	 
	 	 	 	 	 	 	 	 	 	 
	3.	 	The Restricted Shares were transferred to me on __________________, 20_. This election
relates to the 20____ calendar taxable year.
	 
	 	 	 	 	 	 	 	 	 	 
	4.	 	The Restricted Shares are subject to the following restrictions:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	The Restricted Shares are forfeitable until they is are vested in accordance
with Section 4 of the Euronet Worldwide, Inc. 2006 Stock Incentive Plan
(“Plan”) Restricted Stock Agreement (“Award Agreement”) or other Award
Agreement or Plan provisions. The Restricted Shares generally are not
transferable until my interest becomes vested and nonforfeitable, pursuant
to the Award Agreement and the Plan.
	 
	 	 	 	 	 	 	 	 	 	 
	5.	 	Fair market value:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	The fair market value at the time of transfer (determined without regard to
any restrictions other than restrictions which by their terms never will
lapse) of the Restricted Shares with respect to which I am making this
election is $           per share.

9

 

	 	 	 	 	 	 	 	 	 	 	 
	6.	 	Amount paid for Restricted Shares:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	The amount I paid for
the Restricted Shares is
$                 per share.
	 
	 	 	 	 	 	 	 	 	 	 
	7.	 	Furnishing statement to employer:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	A copy of this statement has been furnished to my employer,
___________________. If the transferor of the Restricted Shares is not my
employer, that entity also has been furnished with a copy of this statement.
	 
	 	 	 	 	 	 	 	 	 	 
	8.	 	Award Agreement or Plan not affected:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Nothing contained herein shall be held to change any of the terms or
conditions of the Award Agreement or the Plan.

Dated: _______________________, 200___.

	 	 	 	 	 
	 	 	 
	 	 	 
	 	Taxpayer 	 
	 	 	 

10

 

APPENDIX B

EURONET WORLDWIDE, INC.

2006 STOCK INCENTIVE PLAN

 

Designation of Beneficiary

 

     In connection with the RESTRICTED SHARE AWARD AGREEMENT (the “Award Agreement”)
entered into on
__________________, 200___ between Euronet Worldwide, Inc. (the “Company”)
and
_______________, an individual residing at _______________ (the
“Recipient”), the Recipient hereby designates the person specified below as the beneficiary
of the Recipient’s interest in Restricted Stock (as defined in the 2006 Stock Incentive Plan of the
Company awarded pursuant to the Award Agreement. This designation shall remain in effect until
revoked in writing by the Recipient.

	 	 	 	 	 
	 	Name of Beneficiary:
	 	 	 
	 	 

	 	 	 
	 	 
	 	 	 
	 	Address:
	 	 	 
	 	 

	 	 	 
	 	 
	 	 	 
	 	 

	 	 	 
	 	 
	 	 	 
	 	 

	 	 	 
	 	 
	 	 	 
	 	Social Security No.:
	 	 	 
	 	 

	 	 	 

     The Recipient understands that this designation operates to entitle the above-named
beneficiary to the rights conferred by the Award Agreement from the date this form is delivered to
the Company until such date as this designation is revoked in writing by the Recipient, including
by delivery to the Company of a written designation of beneficiary executed by the Recipient on a
later date.

	 	 	 	 	 
	 	 	 
	 	Date:  	 	 
	 	 	 
	 	By:  	 	 
	 	 	[Recipient Name] 	 
	 	 	 	 
	 

	 	 	 
	County of
	 	 
	 

	 	 
	 
	 	 
	State of
	 	 
	 
	 	 

     Sworn to before me this ______day of _______________, 200___

	 	 	 	 	 
	 	 	 
	 	
 	 
	 	Notary Public 	 
	 	 	 
	 

11

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