Document:

exv10w1

 

Exhibit 10.1

 

 

Published CUSIP Number:                    

CREDIT AGREEMENT

dated as
of April 4, 2007

among

EURONET WORLDWIDE, INC.,

and

CERTAIN SUBSIDIARIES AND AFFILIATES,

as Borrowers,

CERTAIN SUBSIDIARIES AND AFFILIATES,

as Guarantors,

THE LENDERS PARTY HERETO,

BANK OF AMERICA, N.A.,

as Administrative Agent and Collateral Agent

CALIFORNIA BANK & TRUST,

as Syndication Agent

and

CITIBANK, N.A.,

as Documentation Agent

BANC OF AMERICA SECURITIES LLC,

as

Sole Lead Arranger and Sole Book Manager

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	Article and Section	 	Page
	 
	 	 	 	 
	ARTICLE I DEFINITIONS AND ACCOUNTING TERMS
	 	 	1	 
	1.01 Defined Terms
	 	 	1	 
	1.02 Interpretive Provisions
	 	 	38	 
	1.03 Accounting Terms and Provisions
	 	 	39	 
	1.04 Rounding
	 	 	40	 
	1.05 Exchange Rates; Currency Equivalents
	 	 	40	 
	1.06 Additional Alternative Currencies
	 	 	40	 
	1.07 Change of Currency
	 	 	41	 
	1.08 Times of Day
	 	 	41	 
	1.09 Letter of Credit Amounts
	 	 	41	 
	1.10 Limitation on Obligations of Foreign Credit Parties
	 	 	42	 
	 
	 	 	 	 
	ARTICLE II COMMITMENTS AND CREDIT EXTENSIONS
	 	 	42	 
	2.01 Commitments
	 	 	42	 
	2.02 Borrowings, Conversions and Continuations
	 	 	46	 
	2.04 Additional Provisions with respect to Swingline Loans
	 	 	57	 
	2.05 Repayment of Loans
	 	 	59	 
	2.06 Prepayments
	 	 	59	 
	2.07 Termination or Reduction of Commitments
	 	 	64	 
	2.08 Interest
	 	 	64	 
	2.09 Fees
	 	 	65	 
	2.10 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate
	 	 	67	 
	2.11 Payments Generally; Administrative Agent’s Clawback
	 	 	68	 
	2.12 Sharing of Payments By Lenders
	 	 	69	 
	2.13 Evidence of Debt
	 	 	70	 
	2.14 Designated Borrowers
	 	 	71	 
	2.15 Joint and Several Liability
	 	 	72	 
	 
	 	 	 	 
	ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY
	 	 	73	 
	3.01 Taxes
	 	 	73	 
	3.02 Illegality
	 	 	76	 
	3.03 Inability to Determine Rates
	 	 	77	 
	3.04 Increased Cost; Capital Adequacy
	 	 	77	 
	3.05 Compensation for Losses
	 	 	79	 
	3.06 Mitigation Obligations; Replacement of Lenders
	 	 	79	 
	3.07 Survival Losses
	 	 	80	 
	 
	 	 	 	 
	ARTICLE IV GUARANTY
	 	 	80	 
	4.01 The Guaranty
	 	 	80	 
	4.02 Obligations Unconditional
	 	 	80	 
	4.03 Reinstatement
	 	 	81	 
	4.04 Certain Waivers
	 	 	82	 
	4.05 Remedies
	 	 	82	 
	4.06 Rights of Contribution
	 	 	82	 
	4.07 Guaranty of Payment; Continuing Guaranty
	 	 	83	 
	 
	 	 	 	 
	ARTICLE V CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
	 	 	83	 
	5.01 Conditions to Initial Credit Extensions
	 	 	83	 

i

 

	Article and Section	 	Page
	 
	5.02 Conditions to all Credit Extensions
	 	 	86	 
	 
	 	 	 	 
	ARTICLE VI REPRESENTATIONS AND WARRANTIES
	 	 	87	 
	6.01 Existence, Qualification and Power
	 	 	87	 
	6.02 Authorization; No Contravention
	 	 	87	 
	6.03 Governmental Authorization; Other Consents
	 	 	88	 
	6.04 Binding Effect
	 	 	88	 
	6.05 Financial Statements
	 	 	88	 
	6.06 No Material Adverse Effect
	 	 	89	 
	6.07 Litigation
	 	 	89	 
	6.08 No Default
	 	 	89	 
	6.09 Ownership of Property; Liens
	 	 	89	 
	6.10 Environmental Compliance
	 	 	89	 
	6.11 Insurance
	 	 	89	 
	6.12 Taxes
	 	 	90	 
	6.13 ERISA Compliance
	 	 	90	 
	6.14 Subsidiaries
	 	 	90	 
	6.15 Margin Regulations; Investment Company Act
	 	 	91	 
	6.16 Disclosure
	 	 	91	 
	6.17 Compliance with Laws
	 	 	91	 
	6.18 Taxpayer Identification Number; Other Identifying Information
	 	 	91	 
	6.19 Solvency
	 	 	91	 
	6.20 Intellectual Property; Licenses, Etc
	 	 	92	 
	6.21 Representations as to Foreign Obligors
	 	 	92	 
	6.22 Security Agreement
	 	 	93	 
	6.23 Pledge Agreement
	 	 	93	 
	 
	 	 	 	 
	ARTICLE VII AFFIRMATIVE COVENANTS
	 	 	94	 
	7.01 Financial Statements
	 	 	94	 
	7.02 Certificates; Other Information
	 	 	95	 
	7.03 Notification
	 	 	97	 
	7.04 Payment of Obligations
	 	 	97	 
	7.05 Preservation of Existence, Etc
	 	 	98	 
	7.06 Maintenance of Properties
	 	 	98	 
	7.07 Maintenance of Insurance
	 	 	98	 
	7.08 Compliance with Laws
	 	 	98	 
	7.09 Books and Records
	 	 	98	 
	7.10 Inspection Rights
	 	 	99	 
	7.11 Use of Proceeds
	 	 	99	 
	7.12 Approvals and Authorizations
	 	 	99	 
	7.13 Joinder of Subsidiaries as Guarantors
	 	 	99	 
	7.14 Pledge of Capital Stock
	 	 	101	 
	7.15 Pledge of Other Property
	 	 	102	 
	7.16 Further Assurances
	 	 	103	 
	7.17 Interest Rate Protection
	 	 	104	 
	 
	 	 	 	 
	ARTICLE VIII NEGATIVE COVENANTS
	 	 	104	 
	8.01 Liens
	 	 	104	 
	8.02 Investments
	 	 	106	 
	8.03 Indebtedness
	 	 	107	 
	8.04 Mergers and Dissolutions
	 	 	109	 
	8.05 Dispositions
	 	 	110	 

ii

 

	Article and Section	 	Page
	 
	8.06 Restricted Payments
	 	 	110	 
	8.07 Change in Nature of Business
	 	 	110	 
	8.08 Change in Fiscal Year
	 	 	111	 
	8.09 Transactions with Affiliates
	 	 	111	 
	8.12 Use of Proceeds
	 	 	111	 
	8.13 Financial Covenants
	 	 	112	 
	 
	 	 	 	 
	ARTICLE IX EVENTS OF DEFAULT AND REMEDIES
	 	 	112	 
	9.01 Events of Default
	 	 	112	 
	9.02 Remedies Upon Event of Default
	 	 	114	 
	9.03 Application of Funds
	 	 	115	 
	 
	 	 	 	 
	ARTICLE X ADMINISTRATIVE AGENT AND COLLATERAL AGENT
	 	 	116	 
	10.01 Appointment and Authorization of Administrative Agent
	 	 	116	 
	10.02 Rights as a Lender
	 	 	116	 
	10.03 Exculpatory Provisions
	 	 	117	 
	10.04 Reliance by Administrative Agent
	 	 	117	 
	10.05 Delegation of Duties
	 	 	118	 
	10.06 Resignation of the Administrative Agent
	 	 	118	 
	10.07 Non-Reliance on Administrative Agent and Other Lenders
	 	 	119	 
	10.08 No Other Duties
	 	 	119	 
	10.09 Administrative Agent May File Proofs of Claim
	 	 	119	 
	10.10 Collateral and Guaranty Matters
	 	 	120	 
	 
	 	 	 	 
	ARTICLE XI MISCELLANEOUS
	 	 	120	 
	11.01  Amendments, Etc
	 	 	120	 
	11.02 Notices; Effectiveness; Electronic Communication
	 	 	123	 
	11.03 No Waiver; Cumulative Remedies
	 	 	125	 
	11.04 Expenses; Indemnity; Damage Waiver
	 	 	125	 
	11.05 Payments Set Aside
	 	 	126	 
	11.06 Successors and Assigns
	 	 	127	 
	11.07 Treatment of Certain Information; Confidentiality
	 	 	130	 
	11.08 Right of Setoff
	 	 	131	 
	11.09 Interest Rate Limitation
	 	 	132	 
	11.10 Counterparts; Integration; Effectiveness
	 	 	132	 
	11.11 Survival of Representations and Warranties
	 	 	132	 
	11.12 Severability
	 	 	132	 
	11.13 Replacement of Lenders
	 	 	133	 
	11.14 Governing Law; Jurisdiction; Etc
	 	 	133	 
	11.15 Waiver of Jury Trial
	 	 	134	 
	11.16 No Advisory or Fiduciary Responsibility
	 	 	135	 
	11.17 USA PATRIOT Act Notice
	 	 	135	 
	11.19 Designation as Senior Debt
	 	 	136	 
	11.20 Limitations of the German Obligors’ Liability
	 	 	136	 

iii

 

SCHEDULES

	 	 	 
	Schedule 1.01

	 	Mandatory Cost Formulae
	Schedule 2.01

	 	Lenders and Commitments
	Schedule 2.03

	 	Existing Letters of Credit
	Schedule 2.14

	 	Designated Borrowers
	Schedule 5.01

	 	Schedule of Closing Deliverables
	Schedule 6.14

	 	Subsidiaries
	Schedule 6.18

	 	Taxpayer Identification Numbers
	Schedule 8.01

	 	Existing Liens
	Schedule 8.02

	 	Existing Investments
	Schedule 8.03

	 	Existing Indebtedness
	Schedule 11.02

	 	Notice Addresses

EXHIBITS

	 	 	 
	Exhibit 2.01

	 	Form of Lender Joinder Agreement
	Exhibit 2.02

	 	Form of Loan Notice
	Exhibit 2.13-1

	 	Form of Domestic Revolving Note
	Exhibit 2.13-2

	 	Form of Domestic Swingline Note
	Exhibit 2.13-3

	 	Form of F/X Revolving Note
	Exhibit 2.13-4

	 	Form of India Revolving Note
	Exhibit 2.13-5

	 	Form of Tranche B Term Note
	Exhibit 2.14-1

	 	Form of Designated Borrower Request and Assumption Agreement
	Exhibit 2.14-2

	 	Form of Designated Borrower Notice
	Exhibit 7.02(b)

	 	Form of Compliance Certificate
	Exhibit 7.13

	 	Form of Joinder Agreement
	Exhibit 11.06

	 	Form of Assignment and Assumption

iv

 

CREDIT AGREEMENT

     This CREDIT AGREEMENT (this “Credit Agreement”) is entered into as of April 4, 2007,
among EURONET WORLDWIDE, INC., a Delaware corporation, certain subsidiaries and affiliates
identified herein, as Borrowers and Guarantors, the Lenders and L/C Issuers identified herein, and
BANK OF AMERICA, N.A., as Administrative Agent.

     WHEREAS, the Borrowers and the Guarantors have requested that the Lenders provide revolving
credit and term loan facilities for the purposes set forth herein; and

     WHEREAS, the Lenders have agreed to make the requested facilities available on the terms and
conditions set forth herein;

     NOW, THEREFORE, in consideration of these premises and the mutual covenants and agreements
contained herein, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
covenant and agree as follows:

ARTICLE I

DEFINITIONS AND ACCOUNTING TERMS

     1.01 Defined Terms.

     As used in this Credit Agreement, the following terms have the meanings provided below:

     “Acquisition” means the purchase or acquisition by any Person of (a) more than 50% of
the Capital Stock with ordinary voting power of another Person or (b) all or any substantial
portion of the property (other than Capital Stock) of another Person, whether or not involving a
merger or consolidation with such Person. “Acquire” shall have a correlative meaning.

     “Administrative Agent” means Bank of America in its capacity as administrative agent
for the Lenders under any of the Credit Documents, or any successor administrative agent.

     “Administrative Agent’s Office” means, with respect to any currency, the
Administrative Agent’s address and, as appropriate, account as set forth on Schedule 11.02
with respect to such currency, or such other address or account with respect to such currency as
the Administrative Agent may from time to time notify the Borrowers and the Lenders.

     “Administrative Questionnaire” means an administrative questionnaire for the Lenders
in a form supplied by the Administrative Agent.

     “Affiliate” means, with respect to any Person, another Person that directly, or
indirectly through one or more intermediaries, Controls or is Controlled by or is under common
Control with the Person specified.

     “Aggregate Commitment Percentage” means, for each Lender, a fraction (expressed as a
percentage carried to the ninth decimal place), the numerator of which is the amount of such
Lender’s respective Commitment (whether Domestic Revolving Commitment, F/X Revolving Commitment,
India

1

 

Revolving Commitment, Tranche B Term Loan Commitment or other commitment established under the
Incremental Credit Facilities) and the denominator of which is the Aggregate Commitments.

     “Aggregate Commitments” means the aggregate principal amount of the Revolving
Commitments and the Term Loan Commitments.

     “Aggregate Domestic and F/X Revolving Committed Amount” has the meaning provided in
Section 2.01(a).

     “Aggregate Domestic Revolving Commitment” means the Domestic Revolving Commitments of
all the Lenders.

     “Aggregate Domestic Revolving Committed Amount” has the meaning provided in
Section 2.01(a)(i).

     “Aggregate F/X Revolving Commitment” means the F/X Revolving Commitments of all the
Lenders.

     “Aggregate F/X Revolving Committed Amount” has the meaning provided in Section
2.01(b)(i).

     “Aggregate India Revolving Commitment” means the India Revolving Commitments of all
the Lenders.

     “Aggregate India Revolving Committed Amount” has the meaning provided in Section
2.01(c)(i).

     “Aggregate Revolving Commitments” means the Aggregate Domestic Revolving Commitment,
the Aggregate F/X Revolving Commitment and the Aggregate India Revolving Commitment.

     “Aggregate Revolving Committed Amount” means the aggregate principal amount of the
Domestic Revolving Commitments, the F/X Revolving Commitments and/or the India Revolving
Commitments, as appropriate.

     “Agreement Currency” has the meaning provided in Section 11.18.

     “Alternative Currency” means each of Euro, Sterling and each other currency (other
than Dollars) that is approved in accordance with Section 1.07.

     “Alternative Currency Equivalent” means, at any time, with respect to any amount
denominated in Dollars, the equivalent amount thereof in the applicable foreign currency as
determined by the Administrative Agent or the applicable L/C Issuer, as the case may be, at such
time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for
the purchase of such foreign currency with Dollars.

     “Applicable Foreign Obligor Documents” has the meaning provided in Section
6.21(a).

     “Applicable Percentage” means:

     (i) Domestic Revolving Loan Obligations. For Domestic Revolving Loans and
Domestic Letters of Credit, the following percentages per annum based on the Consolidated
Total Leverage Ratio as set forth in the most recent Compliance Certificate received by the
Administrative Agent in accordance with the provisions of Section 7.02(b):

2

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Domestic Revolving Loan Obligations
	Pricing	 	Consolidated Total Leverage	 	Fixed LIBOR	 	Letter of	 	Base Rate	 	Floating LIBOR	 	Commitment
	Level	 	Ratio	 	Rate Loans	 	Credit Fee	 	Loans	 	Rate Loans	 	Fee
	I
	 	<2.75:1.0
	 	1.25%
	 	1.25%
	 	0.25%
	 	1.25%
	 	0.25%
	II
	 	32.75:1.0 but <3.5:1.0
	 	1.50%
	 	1.50%
	 	0.50%
	 	1.50%
	 	0.30%
	III
	 	33.5:1.0 but <4.25:1.0
	 	1.75%
	 	1.75%
	 	0.75%
	 	1.75%
	 	0.35%
	IV
	 	34.25:1.0 but <5.0:1.0
	 	2.00%
	 	2.00%
	 	1.00%
	 	2.00%
	 	0.40%
	V
	 	35.0:1.0
	 	2.25%
	 	2.25%
	 	1.25%
	 	2.25%
	 	0.45%

     (ii) F/X Revolving Loan Obligations. For F/X Revolving Loans and F/X
Letters of Credit, the following percentages per annum based on the Consolidated Total
Leverage Ratio as set forth in the most recent Compliance Certificate received by the
Administrative Agent in accordance with the provisions of Section 7.02(b):

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	F/X Revolving Loan Obligations
	Pricing	 	Consolidated Total Leverage	 	Fixed LIBOR	 	Letter of	 	Base Rate	 	Floating LIBOR	 	Commitment
	Level	 	Ratio	 	Rate Loans	 	Credit Fee	 	Loans	 	Rate Loans	 	Fee
	I
	 	<2.75:1.0
	 	1.25%
	 	1.25%
	 	0.25%
	 	1.25%
	 	0.25%
	II
	 	32.75:1.0 but <3.5:1.0
	 	1.50%
	 	1.50%
	 	0.50%
	 	1.50%
	 	0.30%
	III
	 	33.5:1.0 but <4.25:1.0
	 	1.75%
	 	1.75%
	 	0.75%
	 	1.75%
	 	0.35%
	IV
	 	34.25:1.0 but <5.0:1.0
	 	2.00%
	 	2.00%
	 	1.00%
	 	2.00%
	 	0.40%
	V
	 	35.0:1.0
	 	2.25%
	 	2.25%
	 	1.25%
	 	2.25%
	 	0.45%

     (iii) India Revolving Loan Obligations. For India Revolving Loans and
India Letters of Credit, the following percentages per annum based on the Consolidated Total
Leverage Ratio as set forth in the most recent Compliance Certificate received by the
Administrative Agent in accordance with the provisions of Section 7.02(b):

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	India Revolving Loan Obligations
	Pricing	 	Consolidated Total Leverage	 	Fixed LIBOR	 	Letter of	 	Base Rate	 	Floating LIBOR	 	Commitment
	Level	 	Ratio	 	Rate Loans	 	Credit Fee	 	Loans	 	Rate Loans	 	Fee
	I
	 	<2.75:1.0
	 	1.25%
	 	1.25%
	 	0.25%
	 	1.25%
	 	0.25%
	II
	 	32.75:1.0 but <3.5:1.0
	 	1.50%
	 	1.50%
	 	0.50%
	 	1.50%
	 	0.30%
	III
	 	33.5:1.0 but <4.25:1.0
	 	1.75%
	 	1.75%
	 	0.75%
	 	1.75%
	 	0.35%
	IV
	 	34.25:1.0 but <5.0:1.0
	 	2.00%
	 	2.00%
	 	1.00%
	 	2.00%
	 	0.40%
	V
	 	35.0:1.0
	 	2.25%
	 	2.25%
	 	1.25%
	 	2.25%
	 	0.45%

     (iv) Tranche B Term Loan. For the Tranche B Term Loan, (A) two percent
(2.00%) per annum, in the case of Fixed LIBOR Rate Loans, and (B) one percent (1.00%) per
annum, in the case of Base Rate Loans.

     (v) Incremental Credit Facilities. For Incremental Credit Facilities
established after the Closing Date, the percentages specified in the applicable joinder
agreement or other loan documentation whereby the Incremental Credit Facilities are
established.

     (vi) Changes in Pricing Levels. Any increase or decrease in the Applicable
Percentage resulting from a change in the Consolidated Total Leverage Ratio shall become
effective not later than the date five Business Days immediately following the date a
Compliance Certificate is delivered pursuant to Section 7.02(b); provided,
however that if a Compliance Certificate is not delivered when due in accordance
therewith, then Pricing Level V shall apply as of the first Business Day after the date on
which such Compliance Certificate was required to have been delivered until the date not
later than five Business Days immediately following delivery thereof. The Applicable
Percentage in effect from the Closing Date through the date of

3

 

delivery of the Compliance Certificate for the fiscal quarter ending June 30, 2007 shall be
determined based on Pricing Level IV. Determinations by the Administrative Agent of the
appropriate Pricing Level shall be conclusive absent manifest error.

     Notwithstanding anything to the contrary contained in this definition, the determination of
the Applicable Percentage for any period shall be subject to the provisions of Section
2.10(b).

     “Applicable Time” means, with respect to any borrowings and payments in any
Alternative Currency, the local time in the place of settlement for such Alternative Currency as
may be determined by the Administrative Agent or the applicable L/C Issuer, as the case may be, to
be necessary for timely settlement on the relevant date in accordance with normal banking
procedures in the place of payment.

     “Applicant Borrower” has the meaning provided in Section 2.14(b).

     “Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an
Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a
Lender.

     “Approved Jurisdictions” means (a) the United States and any state or commonwealth
thereof, and (b) any jurisdiction other than a jurisdiction set forth on a listing of sanctioned
jurisdictions by any of the following: (i) the European Union (Common Foreign and Security Policy),
as set forth at http://europa.eu.int/comm/external_relations/cfsp/sanctions/measures.htm or any
successor webpage, (ii) the United States Office of Foreign Assets Control Restrictions, as set
forth at http://www.treas.gov/offices/enforcement/ofac/programs/ or any successor webpage.

     “Arranger” means BAS, in its capacity as sole lead arranger and sole book manager.

     “Assignee Group” means two or more Eligible Assignees that are Affiliates of one
another or two or more Approved Funds managed by the same investment advisor.

     “Assignment and Assumption” means an assignment and assumption entered into by a
Lender and an assignee (with the consent of any party whose consent is required by Section
11.06(b) and accepted by the Administrative Agent, in substantially the form of Exhibit
11.06 or any other form approved by the Administrative Agent.

     “Attributable Principal Amount” means (a) in the case of capital leases, the amount of
capital lease obligations determined in accordance with GAAP, (b) in the case of Synthetic Leases,
an amount determined by capitalization of the remaining lease payments thereunder as if it were a
capital lease determined in accordance with GAAP, (c) in the case of Securitization Transactions,
the outstanding principal amount of such financing, after taking into account reserve amounts and
making appropriate adjustments, determined by the Administrative Agent in its reasonable judgment
and (d) in the case of sale and leaseback transaction, the present value (discounted in accordance
with GAAP at the debt rate implied in the applicable lease) of the obligations of the lessee for
rental payments during the term of such lease).

     “Auto-Extension Letter of Credit” has the meaning provided in Section
2.03(b)(iii).

     “Auto-Reinstatement Letter of Credit” has the meaning provided in Section
2.03(b)(iv).

     “Bank of America” means Bank of America, N.A., together with its successors.

     “BAS” means Banc of America Securities LLC, together with its successors.

4

 

     “Base Rate” means for any day a fluctuating rate per annum equal to the higher of (a)
the Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest in effect for such day
as publicly announced from time to time by Bank of America as its “prime rate”. The “prime rate”
is a rate set by Bank of America based upon various factors including Bank of America’s costs and
desired return, general economic conditions and other factors, and is used as a reference point for
pricing some loans, which may be priced at, above, or below such announced rate. Any change in
such rate announced by Bank of America shall take effect at the opening of business on the day
specified in the public announcement of such change.

     “Base Rate Loan” means a Loan that bears interest based on the Base Rate. All Base
Rate Loans shall be denominated in Dollars.

     “Borrowers” means the Domestic Borrowers, the F/X Borrowers and the India Borrower.

     “Borrowing” means (a) a borrowing consisting of simultaneous Loans of the same Type,
in the same currency and, in the case of Fixed LIBOR Rate Loans, having the same Interest Period,
or (b) a borrowing of Swingline Loans, as appropriate.

     “Business Day” means any day other than a Saturday, Sunday or other day on which
commercial banks are authorized to close under the Laws of, or are in fact closed in, the state
where the Administrative Agent’s Office with respect to Obligations denominated in Dollars is
located and:

     (a) if such day relates to any interest rate settings as to a Fixed LIBOR Rate Loan
denominated in Dollars, any fundings, disbursements, settlements and payments in Dollars in
respect of any such Fixed LIBOR Rate Loan, or any other dealings in Dollars to be carried
out pursuant to this Credit Agreement in respect of any such Fixed LIBOR Rate Loan, means
any such day on which dealings in deposits in Dollars are conducted by and between banks in
the London interbank eurodollar market;

     (b) if such day relates to any interest rate settings as to a Fixed LIBOR Rate Loan
denominated in Euro, any fundings, disbursements, settlements and payments in Euro in
respect of any such Fixed LIBOR Rate Loan, or any other dealings in Euro to be carried out
pursuant to this Credit Agreement in respect of any such Fixed LIBOR Rate Loan, means a
TARGET Day;

     (c) if such day relates to any interest rate settings as to a Fixed LIBOR Rate Loan
denominated in a currency other than Dollars or Euro, means any such day on which dealings
in deposits in the relevant currency are conducted by and between banks in the London or
other applicable offshore interbank market for such currency; and

     (d) if such day relates to any fundings, disbursements, settlements and payments in a
currency other than Dollars or Euro in respect of a Fixed LIBOR Rate Loan denominated in a
currency other than Dollars or Euro, or any other dealings in any currency other than
Dollars or Euro to be carried out pursuant to this Credit Agreement in respect of any such
Fixed LIBOR Rate Loan (other than any interest rate settings), means any such day on which
banks are open for foreign exchange business in the principal financial center of the
country of such currency.

     “Capital Stock” means (a) in the case of a corporation, capital stock, (b) in the case
of an association or business entity, any and all shares, interests, participations, rights or
other equivalents (however designated) of capital stock, (c) in the case of a partnership,
partnership interests (whether general or limited), (d) in the case of a limited liability company,
membership interests and (e) any other

5

 

interest or participation that confers on a Person the right to receive a share of the profits
and losses of, or distributions of assets of, the issuing Person.

     “Cash Collateralize” means to pledge and deposit with or deliver to the Collateral
Agent, for the benefit of the applicable L/C Issuer and the Lenders, as collateral for the L/C
Obligations, cash or deposit account balances pursuant to documentation in form and substance
reasonably satisfactory to the Collateral Agent and the applicable L/C Issuer (which documents are
hereby consented to by the Lenders). Derivatives of such term have corresponding meanings.

     “Cash Equivalents” means (a) securities issued or directly and fully guaranteed or
insured by the United States or any agency or instrumentality thereof (provided that the full faith
and credit of the United States is pledged in support thereof) having maturities of not more than
twelve months from the date of acquisition, (b) Dollar-denominated time deposits and certificates
of deposit of (i) any Lender, (ii) any domestic commercial bank of recognized standing having
capital and surplus in excess of $500 million or (iii) any bank whose short-term commercial paper
rating from S&P is at least A-1 or the equivalent thereof or from Moody’s is at least P-1 or the
equivalent thereof (each an “Approved Bank”), in each case with maturities of not more than
270 days from the date of acquisition, (c) commercial paper and variable or fixed rate notes issued
by any Approved Bank (or by the parent company thereof) or any variable rate notes issued by, or
guaranteed by, any domestic corporation rated A-1 (or the equivalent thereof) or better by S&P or
P-1 (or the equivalent thereof) or better by Moody’s and maturing within six months of the date of
acquisition, (d) repurchase agreements entered into by any Person with a bank or trust company
(including any of the Lenders) or recognized securities dealer having capital and surplus in excess
of $500 million for direct obligations issued by or fully guaranteed by the United States in which
such Person shall have a perfected first priority security interest (subject to no other Liens) and
having, on the date of purchase thereof, a fair market value of at least 100% of the amount of the
repurchase obligations and (e) Investments (classified in accordance with GAAP as current assets)
in money market investment programs registered under the Investment Company Act of 1940, as
amended, that are administered by reputable financial institutions having capital of at least $500
million and the portfolios of which are limited to Investments of the character described in the
foregoing subclauses hereof.

     “Change in Law” means the occurrence, after the date of this Credit Agreement, of any
of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any
change in any law, rule, regulation or treaty or in the administration, interpretation or
application thereof by any Governmental Authority or (c) the making or issuance of any request,
guideline or directive (whether or not having the force of law) by any Governmental Authority.

     “Change of Control” means, with respect to EWI, an event or series of events by which:

     (a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or its
subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary
or administrator of any such plan) becomes the “beneficial owner” (as defined in Rules 13d-3 and
13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed to
have “beneficial ownership” of all securities that such person or group has the right to acquire
(such right, an “option right”), whether such right is exercisable immediately or only
after the passage of time), directly or indirectly, of 50% or more of the equity securities of such
Person entitled to vote for members of the board of directors or equivalent governing body of such
Person on a fully diluted basis (and taking into account all such securities that such person or
group has the right to acquire pursuant to any option right);

     (b) during any period of twelve (12) consecutive months, a majority of the members of the
board of directors or other equivalent governing body of such Person cease to be composed of
individuals

6

 

(i) who were members of that board or equivalent governing body on the first day of such
period, (ii) whose election or nomination to that board or equivalent governing body was approved
by individuals referred to in clause (i) above constituting at the time of such election or
nomination at least a majority of that board or equivalent governing body or (iii) whose election
or nomination to that board or other equivalent governing body was approved by individuals referred
to in clauses (i) and (ii) above constituting at the time of such election or
nomination at least a majority of that board or equivalent governing body (excluding, in the case
of both clause (ii) and clause (iii), any individual whose initial nomination for,
or assumption of office as, a member of that board or equivalent governing body occurs as a result
of an actual or threatened solicitation of proxies or consents for the election or removal of one
or more directors by any person or group other than a solicitation for the election of one or more
directors by or on behalf of the board of directors); or

     (c) the occurrence of a “Change of Control” under any of the Convertible Debentures.

     “Closing Date” means the first date all conditions precedent in Section 5.01
are satisfied or waived in accordance with Section 11.01.

     “Collateral” means the collateral identified in, and at any time covered by, the
Collateral Documents.

     “Collateral Agent” means the Domestic Collateral Agent, the F/X Collateral Agent
and/or the India Collateral Agent, as appropriate.

     “Collateral Documents” means the Domestic Collateral Documents, the F/X Collateral
Documents and/or the India Collateral Documents, as appropriate.

     “Commitment Period” means the period from and including the Closing Date to the
earlier of (a)(i) in the case of Revolving Loans and Swingline Loans, the Revolving Termination
Date or (ii) in the case of the Letters of Credit, the L/C Expiration Date, or (b) in each case,
the date on which the Revolving Commitments shall have been terminated as provided herein.

     “Commitments” means the Revolving Commitments and the Term Loan Commitments.

     “Compliance Certificate” means a certificate substantially in the form of Exhibit
7.02(b).

     “Consolidated Capital Expenditures” means, for any period for the Consolidated Group,
all additions to plant, property and equipment as determined in accordance with GAAP, but
excluding, in any event, (i) expenditures made in connection with permitted acquisitions, (ii)
expenditure of insurance proceeds or condemnation awards made in repair or replacement of plant,
property and equipment that has been lost, damaged, destroyed or condemned, and (iii) reinvestment
of net cash proceeds from plant, property and equipment that has been sold or otherwise disposed
of. Except as otherwise expressly provided, the applicable period shall be the four consecutive
fiscal quarters ending as of the date of determination.

     “Consolidated EBITDA” means, for any period for the Consolidated Group, without
duplication, the sum of (i) operating income, plus (ii) depreciation, plus (iii)
amortization, plus (iv) interest income from the operations of the Prepaid Processing
Segment, plus (v) certain one-time non-cash charges with the consent of the Administrative
Agent and the Required Lenders, plus (vi) non-cash expenses recognized pursuant to FASB
Statement No. 123(R) (Share-Based Payments) plus (vii) net income from joint ventures and
other minority interests owned by members of the Consolidated Group when and as earned and
received; provided that (A) appropriate adjustments will be made in subsequent periods
where

7

 

cash payments are subsequently made in respect of non-cash charges previously excluded under
clauses (v) and (vi) and (B) such calculations to exclude the effect of extraordinary gains and
losses and tax effects relating thereto. Except as otherwise expressly provided, the applicable
period shall be the four consecutive fiscal quarters ending as of the date of determination.

     “Consolidated Fixed Charge Coverage Ratio” means, for the Consolidated Group for the
period of four consecutive fiscal quarters then ending, the ratio of (i) the sum of Consolidated
EBITDA minus Consolidated Capital Expenditures (other than those financed with Indebtedness
permitted under Section 8.03(e) hereof) minus cash taxes paid in the period
minus Restricted Payments paid in cash in the period to (ii) Consolidated Fixed Charges.

     “Consolidated Fixed Charges” means, for any period for the Consolidated Group, without
duplication, the sum of (i) the portion of interest expense paid in cash in the period,
plus (ii) current scheduled maturities of Funded Debt (other than loans and obligations
owing hereunder) due in the period of four consecutive fiscal quarters beginning the day after the
day of determination (provided that, for purposes of this calculation, obligations under letters of
credit, bank guaranties and surety bonds shall not constitute Funded Debt), plus (iii) an
amount equal to ten percent (10%) of the original aggregate principal amount of the Tranche B Term
Loan (including the original principal amount added after the Closing Date as an Incremental Credit
Facility). Except as otherwise expressly provided, the applicable period shall be the four
consecutive fiscal quarters ending as of the date of determination.

     “Consolidated Funded Debt” means Funded Debt of the Consolidated Group determined on a
consolidated basis in accordance with GAAP, provided that for purposes hereof (i)
obligations in respect of letters of credit and bank guaranties will be net of cash collateral
provided therefore and (ii) obligations in respect of Loans will be net of the amount of any
Designated Deposit.

     “Consolidated Group” means EWI and its subsidiaries determined on a consolidated basis
in accordance with GAAP.

     “Consolidated Net Income” means, for any period for the Consolidated Group, net income
(or loss) determined on a consolidated basis in accordance with GAAP, but excluding for purposes of
determining the Consolidated Total Leverage Ratio, the Consolidated Senior Secured Leverage Ratio
and the Consolidated Fixed Charge Coverage Ratio, any extraordinary gains or losses and related tax
effects thereon; provided that (A) appropriate adjustments will be made in subsequent period where
cash payments are subsequently made in respect of non-cash charges previously excluded under
clauses (v) and (vi) of “Consolidated EBITDA” and such calculations shall exclude the effect of
extraordinary gains and losses and tax effects relating thereto. Except as otherwise expressly
provided, the applicable period shall be the four consecutive fiscal quarters ending as of the date
of determination.

     “Consolidated Net Worth” means shareholders’ equity or net worth for the Consolidated
Group as determined in accordance with GAAP.

     “Consolidated Senior Funded Debt” means Consolidated Funded Debt less and except
Consolidated Subordinated Debt.

     “Consolidated Senior Secured Funded Debt” means Consolidated Senior Funded Debt that
is secured by a pledge of collateral interest (including the Loans and Obligations under this
Credit Agreement).

8

 

     “Consolidated Senior Secured Leverage Ratio” means, as of the last day of each fiscal
quarter, the ratio of (i) Consolidated Senior Secured Funded Debt as of such day, to (ii)
Consolidated EBITDA for the period of four consecutive fiscal quarters ending as of such day.

     “Consolidated Subordinated Debt” means Subordinated Debt of the Consolidated Group
determined on a consolidated basis in accordance with GAAP.

     “Consolidated Total Leverage Ratio” means, as of the last day of each fiscal quarter,
the ratio of (i) Consolidated Funded Debt as of such day, to (ii) Consolidated EBITDA for the
period of four consecutive fiscal quarters ending as of such day.

     “Contractual Obligation” means, 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.

     “Control” means the possession, directly or indirectly, of the power to direct or
cause the direction of the management or policies of a Person, whether through the ability to
exercise voting power, by contract or otherwise. “Controlling” and “Controlled”
have meanings correlative thereto.

     “Convertible Debentures” means the Convertible Senior Debentures and the Convertible
Subordinated Debentures.

     “Convertible Senior Debentures” means those 1.625% Convertible Senior Debentures due
2024 of EWI issued under and governed by that Indenture dated as of December 15, 2004 between EWI,
as issuer, and U.S. Bank National Association, as trustee.

     “Convertible Subordinated Debentures” means those 3.50% Convertible Subordinated
Debentures due 2025 of EWI issued under and governed by that Indenture dated as of October 4, 2005
between EWI, as issuer, and U.S. Bank National Association, as trustee.

     “Credit Agreement” has the meaning provided in the recitals hereto, as the same may be
amended and modified from time to time.

     “Credit Documents” means this Credit Agreement, the Notes, the Collateral Documents,
the Fee Letter, the Guaranties, each Designated Borrower Request and Assumption Agreement, the
Issuer Documents, each Designated Borrower Notice, the Joinder Agreements and the Lender Joinder
Agreements.

     “Credit Extension” means each of the following: (a) a Borrowing, (b) the conversion or
continuation of a Borrowing, and (c) an L/C Credit Extension.

     “Credit Parties” means, collectively, the Borrowers and the Guarantors.

     “Credit Party Materials” has the meaning provided in Section 7.02.

     “Debt Transaction” means, with respect to any member of the Consolidated Group, any
sale, issuance, placement, assumption or guaranty of Funded Debt, whether or not evidenced by a
promissory note or other written evidence of Indebtedness, except for Funded Debt permitted to be
incurred pursuant to clauses (a) through (m) of Section 8.03.

9

 

     “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other
liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium,
rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the
United States or other applicable jurisdictions from time to time in effect and affecting the
rights of creditors generally.

     “Default” means any event, act or condition that constitutes an Event of Default or
that, with the giving of notice, the passage of time, or both, would constitute an Event of
Default.

     “Default Rate” means an interest rate equal to (a) with respect to Obligations other
than (i) Fixed LIBOR Rate Loans and (ii) Letter of Credit Fees, the Base Rate plus the
Applicable Percentage, if any, applicable to such Loans plus 2% per annum; (b) with respect
to Fixed LIBOR Rate Loans, the Fixed LIBOR Rate plus the Applicable Percentage, if any, and
Mandatory Cost, if any, applicable to such Loans plus 2% per annum; and (c) with respect to
Letter of Credit Fees, a rate equal to the Applicable Percentage plus 2% per annum.

     “Defaulting Lender” means any Lender that (a) has failed to fund any portion of the
Loans, participations in L/C Obligations or participations in Swingline Loans required to be funded
by it hereunder within one Business Day of the date required to be funded by it hereunder and has
not cured such failure prior to the date of determination, (b) has otherwise failed to pay over to
the Administrative Agent or any other Lender any other amount required to be paid by it hereunder
within one Business Day of the date when due, unless the subject of a good faith dispute, and has
not cured such failure prior to the date of determination, or (c) has been deemed insolvent or
become the subject of a bankruptcy or insolvency proceeding.

     “Designated Borrower Limit” means the amount identified in the Designated Borrower
Request and Assumption Agreement. The Designated Borrower Limit is part of, and not in addition
to, the Aggregate Commitments.

     “Designated Borrower Notice” has the meaning provided in Section 2.14(b).

     “Designated Borrower Request and Assumption Agreement” has the meaning provided in
Section 2.14.

     “Designated Borrowers” means the Borrowers identified on Schedule 2.14 and any
Applicant Borrower that becomes a Borrower hereunder in accordance with the provisions of
Section 2.14(b).

     “Designated Deposit” means amounts on deposit in a designated blocked account
maintained by EWI with the Administrative Agent containing cash or Cash Equivalents from the
proceeds from the issuance of securities pursuant to that certain Securities Purchase Agreement,
dated March 8, 2007, by and among EWI and the purchasers identified therein.

     “Disposition” or “Dispose” means the sale, transfer, license, lease or other
disposition (including any sale and leaseback transaction) of any Property by any Person, including
any sale, assignment, transfer or other disposal, with or without recourse, of any notes or
accounts receivable or any rights and claims associated therewith, but excluding, for purposes
hereof, (a) Dispositions of obsolete or worn out property, whether now owned or hereafter acquired,
in the ordinary course of business; (b) Dispositions of inventory in the ordinary course of
business; (c) Dispositions resulting from the lease of terminal equipment or ATMs in the ordinary
course of business of members of the Consolidated Group; and (d) Dispositions of equipment or real
property to the extent that (i) such property is exchanged for credit against the purchase price of
similar replacement property or (ii) the proceeds of such Disposition are reasonably promptly
applied to the purchase price of such replacement property.

10

 

     “Dollar” or “$” means the lawful currency of the United States.

     “Dollar Equivalent” means, at any time, (a) with respect to any amount denominated in
Dollars, such amount, and (b) with respect to any amount denominated in any other currency, the
equivalent amount thereof in Dollars as determined by the Administrative Agent or the applicable
L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect
of the most recent Revaluation Date) for the purchase of Dollars with such other currency.

     “Domestic Borrowers” means (i) EWI, (ii) EPR and (iii) Designated Borrowers that are
identified as “Domestic Borrowers”.

     “Domestic Collateral Agent” means Bank of America in its capacity as collateral agent
for the holders of the Domestic Loan Obligations, the guaranties relating thereto and the other
secured obligations identified in the collateral documents, and any successor in such capacity.

     “Domestic Collateral Documents” means the Domestic Security Agreement, the Domestic
Pledge Agreement and any other documents executed and delivered in connection with the attachment
and perfection of security interests granted to secure the Obligations.

     “Domestic Credit Party” means any Credit Party that is organized under the laws of any
State of the United States or the District of Columbia.

     “Domestic Guarantors” means (a) EWI, (b) the Domestic Borrowers, (c) the parties
identified on the signature pages hereto as “Domestic Guarantors” and (d) each Person who after the
Closing Date becomes a Domestic Guarantor pursuant to a Joinder Agreement or other documentation in
form and substance reasonably acceptable to the Administrative Agent, in each case together with
their respective successors and permitted assigns.

     “Domestic L/C Advance” means, with respect to each Domestic Revolving Lender, such
Lender’s funding of its participation in any Domestic L/C Borrowing. All Domestic L/C Advances
must be denominated in Dollars.

     “Domestic L/C Application” means an application and agreement for the issuance or
amendment of a Domestic Letter of Credit in the form from time to time in use by the Domestic L/C
Issuer.

     “Domestic L/C Borrowing” means any extension of credit resulting from a drawing under
any Domestic Letter of Credit that has not been reimbursed or refinanced as a Borrowing of Domestic
Revolving Loans. All Domestic L/C Borrowings must be denominated in Dollars.

     “Domestic L/C Commitment” means, with respect to the Domestic L/C Issuer, the
commitment of the Domestic L/C Issuer to issue and to honor payment obligations under Domestic
Letters of Credit, and, with respect to each Domestic Revolving Lender, the commitment of such
Lender to purchase participation interests in Domestic L/C Obligations up to such Lender’s Domestic
Revolving Commitment Percentage thereof.

     “Domestic L/C Credit Extension” means, with respect to any Domestic Letter of Credit,
the issuance thereof or extension of the expiry date thereof, or the increase of the amount
thereof.

11

 

     “Domestic L/C Issuer” means (a) as to Existing Domestic Letters of Credit, those
lenders identified as an issuer on Schedule 2.03 and (b) Bank of America in its capacity as
issuer of Letters to Credit hereunder, together with its successors in such capacity.

     “Domestic L/C Obligations” means, at any time, the sum of (a) the maximum amount
available to be drawn under Domestic Letters of Credit then outstanding, assuming compliance with
all requirements for drawings referenced therein, plus (b) the aggregate amount of all Domestic L/C
Unreimbursed Amounts, including Domestic L/C Borrowings. For purposes of computing the amount
available to be drawn under any Domestic Letter of Credit, the amount of such Domestic Letter of
Credit shall be determined in accordance with Section 1.09. For all purposes of this
Credit Agreement, if on any date of determination a Domestic Letter of Credit has expired by its
terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the
ISP, such Domestic Letter of Credit shall be deemed to be “outstanding” in the amount so remaining
available to be drawn.

     “Domestic L/C Sublimit” has the meaning provided in Section 2.01(a)(ii).

     “Domestic L/C Unreimbursed Amount” means an L/C Unreimbursed Amount in respect of a
Domestic Letter of Credit.

     “Domestic Letter of Credit” means each standby letter of credit issued hereunder by
the Domestic L/C Issuer. Domestic Letters of Credit may be issued in Dollars.

     “Domestic Loan Obligations” means the Domestic Revolving Loan Obligations and the Term
Loans.

     “Domestic Pledge Agreement” means the pledge agreement dated as of the Closing Date,
and any other pledge agreement, given by the Domestic Credit Parties, as pledgors, to the Domestic
Collateral Agent, to secure any or all of the Domestic Loan Obligations, guaranty obligations
relating thereto and the other secured obligations identified therein, in each case as the same may
be amended and modified from time to time.

     “Domestic Revolving Commitment” means, for each Domestic Revolving Lender, the
commitment of such Lender to make Domestic Revolving Loans (and to share in Domestic Revolving Loan
Obligations) hereunder.

     “Domestic Revolving Commitment Percentage” means, for each Domestic Revolving Lender,
a fraction (expressed as a percentage carried to the ninth decimal place), the numerator of which
is such Lender’s Domestic Revolving Committed Amount and the denominator of which is the Aggregate
Domestic Revolving Committed Amount. The initial Domestic Revolving Commitment Percentages are set
out in Schedule 2.01.

     “Domestic Revolving Committed Amount” means, for each Domestic Revolving Lender, the
amount of such Lender’s Domestic Revolving Commitment. The initial Domestic Revolving Committed
Amounts are set out in Schedule 2.01.

     “Domestic Revolving Lenders” means those Lenders with Domestic Revolving Commitments,
together with their successors and permitted assigns. The initial Domestic Revolving Lenders are
identified on the signature pages hereto and are set out in Schedule 2.01.

     “Domestic Revolving Loan” has the meaning provided in Section 2.01(a)(i).

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     “Domestic Revolving Loan Obligations” means the Domestic Revolving Loans, the Domestic
L/C Obligations and the Domestic Swingline Loans.

     “Domestic Revolving Notes” means the promissory notes, if any, given to evidence the
Domestic Revolving Loans, as amended, restated, modified, supplemented, extended, renewed or
replaced. A form of Domestic Revolving Note is attached as Exhibit 2.13-1.

     “Domestic Security Agreement” means the security agreement dated as of the Closing
Date given by the Domestic Credit Parties party thereto, as grantors, to the Domestic Collateral
Agent to secure the Domestic Loan Obligations, warranty obligations relating thereto, and the other
secured obligations identified therein, and any other security agreement in favor of the Domestic
Collateral Agent to secure all or some portion of such obligations that may be given by any Person
pursuant to the terms hereof, in each case as the same may be amended and modified from time to
time.

     “Domestic Subsidiary” means any Subsidiary that is organized under the laws of any
State of the United States or the District of Columbia.

     “Domestic Swingline Commitment” means, with respect to the Domestic Swingline Lender,
the commitment of such Lender to make Domestic Swingline Loans, and with respect to each Domestic
Revolving Lender, the commitment of such Lender to purchase participation interests in Domestic
Swingline Loans.

     “Domestic Swingline Lender” means Bank of America in its capacity as such, together
with any successor in such capacity.

     “Domestic Swingline Loan” has the meaning provided in Section 2.01(a)(iii).

     “Domestic Swingline Note” means the promissory note given to evidence the Domestic
Swingline Loans, as amended, restated, modified, supplemented, extended, renewed or replaced. A
form of Domestic Swingline Note is attached as Exhibit 2.13-2.

     “Domestic Swingline Sublimit” has the meaning provided in Section
2.01(a)(iii).

     “Dutch Obligor” means any Borrower or any Guarantor incorporated in the Netherlands.

     “Eligible Assignee” means any Person that meets the requirements to be an assignee
under Section 11.06(b)(iii), (v) and (vi) (subject to such consents, if
any, as may be required under Section 11.06(b)(iii)).

     “EMU” means the economic and monetary union in accordance with the Treaty of Rome
1957, as amended by the Single European Act 1986, the Maastricht Treaty of 1992 and the Amsterdam
Treaty of 1998.

     “EMU Legislation” means the legislative measures of the European Council for the
introduction of, changeover to or operation of a single or unified European currency.

     “English Obligors” means any Borrower or any Guarantor organized and existing under
the laws of England and Wales.

     “Environmental Laws” means any and all federal, state, local, and foreign statutes,
laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants,
franchises,

13

 

licenses, agreements or governmental restrictions relating to pollution and the protection of
the environment or the release of any materials into the environment, including those related to
hazardous substances or wastes, air emissions and discharges to waste or public systems.

     “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the
Borrowers, any other Credit Party or any of their respective Subsidiaries directly or indirectly
resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use,
handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure
to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into
the environment or (e) any contract, agreement or other consensual arrangement pursuant to which
liability is assumed or imposed with respect to any of the foregoing.

     “EPR” means Euronet Payments & Remittance, Inc., a North Carolina corporation.

     “Equity Transactions” means, with respect to any member of the Consolidated Group, any
issuance or sale of shares of its Capital Stock, other than an issuance (a) to a member of the
Consolidated Group, (b) in connection with a conversion of debt securities to equity, (c) in
connection with a stock incentive plan, stock option plan or other equity-based compensation plan
or arrangement; (d) in connection with any Acquisition permitted hereunder (including, without
limitation, the issuance of equity interests, including Capital Stock, as consideration in
connection with any acquisition permitted hereunder, whether as original purchase consideration or
in satisfaction of subsequent earn-out obligations, and the sale of equity interests, including
Capital Stock, for the sole purpose of financing any acquisition permitted hereunder), (e) in
connection with the exercise of any option, warrant or any other right to acquire Capital Stock or
(f) of Capital Stock the proceeds of which are used to make payments permitted on the Convertible
Subordinated Debentures in accordance with Section 8.10(b)(iii).

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

     “ERISA Affiliate” means any trade or business (whether or not incorporated) under
common control with EWI within the meaning of Section 414(b) or (c) of the Internal Revenue Code
(and Sections 414(m) and (o) of the Internal Revenue Code for purposes of provisions relating to
Section 412 of the Internal Revenue Code).

     “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a
withdrawal by EWI or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA
during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of
ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of
ERISA; (c) a complete or partial withdrawal by EWI or any ERISA Affiliate from a Multiemployer Plan
or notification that a Multiemployer Plan is in reorganization; (d) the filing of a notice of
intent to terminate, the treatment of a Plan amendment as a termination under Sections 4041 or
4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan or
Multiemployer Plan; (e) an event or condition that would reasonably be expected to constitute
grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to
administer, any Pension Plan or Multiemployer Plan; or (f) the imposition of any liability under
Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA,
upon EWI or any ERISA Affiliate.

     “Euro” and “EUR” mean the lawful currency of the Participating Member States
introduced in accordance with the EMU Legislation.

     “Event of Default” has the meaning provided in Section 9.01.

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     “EWI” means Euronet Worldwide, Inc., a Delaware corporation, also being the Domestic
Borrower hereunder.

     “Excluded Property” means (a) unless reasonably requested by the Collateral Agent or
the Required Lenders on thirty (30) days’ prior written notice, any personal Property (including
motor vehicles) in respect of which perfection of a Lien is not either (i) effected by filing one
or more financing statements under the UCC or (ii) effected by appropriate evidence of the Lien
being filed in either the United States Copyright Office or the United States Patent and Trademark
Office, (b) unless reasonably requested by the Collateral Agent or the Required Lenders on thirty
(30) days’ prior written notice, any leasehold interests, (c) any Property that is subject to a
Lien permitted under Section 8.01(j) pursuant to documents that prohibit such Credit Party
from granting any other Liens in such Property and (d) any permit, lease, license, contract or
instrument now or hereafter in effect of a Credit Party if the grant of a security interest in such
permit, lease, license, contract or instrument in a manner contemplated by this Credit Agreement,
under the terms thereof or under applicable Law, is prohibited and would result in the termination
thereof or give the other parties thereto the right to terminate, accelerate or otherwise
materially and adversely alter such Credit Party’s rights, titles and interests thereunder
(including upon the giving of notice or the lapse of time or both).

     “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, the
applicable L/C Issuer or any other recipient of any payment to be made by or on account of any
obligation of the Borrowers hereunder, (a) taxes imposed on or measured by its overall net income
(however denominated), and franchise taxes imposed on it (in lieu of net income taxes), by the
jurisdiction (or any political subdivision thereof) under the laws of which such recipient is
organized or in which its principal office is located or, in the case of any Lender, in which its
applicable Lending Office is located, (b) any branch profits taxes imposed by the United States or
any similar tax imposed by any other jurisdiction in which a Borrower is located and (c) except as
provided in the following sentence, in the case of a Foreign Lender (other than an assignee
pursuant to a request by a Borrower under Section 11.13), any withholding tax that is
imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party
hereto (or designates a new Lending Office) or is attributable to such Foreign Lender’s failure or
inability (other than as a result of a Change in Law) to comply with Section 3.01(e),
except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time
of designation of a new Lending Office (or assignment), to receive additional amounts from a
Borrower with respect to such withholding tax pursuant to Section 3.01(a). Notwithstanding
anything to the contrary contained in this definition, “Excluded Taxes” shall not include any
withholding tax imposed at any time on payments made by or on behalf of a Foreign Obligor to any
Lender hereunder or under any other Credit Document, provided that such Lender shall have
complied with the last paragraph of Section 3.01(e).

     “Existing Credit Agreements” means, collectively, (a) that certain $10,000,000 USD
Credit Agreement, dated as of October 25, 2004, among EWI, as borrower agent and borrower, Payspot,
Inc., Euronet USA, Inc., Prepaid Concepts, Inc., Call Processing, Inc. and each U.S. subsidiary
from time to time party thereto, as borrowers, Bank of America, as agent and a lender, and the
lenders from time to time party thereto, (b) that certain Credit Agreement, dated as of October 25,
2004, among EWI, as borrower agent, E-Pay Holdings, LTD, as United Kingdom borrower, and Delta
Euronet GmbH, as German borrower, Bank of America, as lender and agent, and the lenders from time
to time party thereto, (c) that Certain Credit Agreement, dated as of May 26, 2006, among EWI, as
borrower agent, Euronet Services India PVT LTD, as borrower, and Bank of America, as lender and
agent, and the lenders from time to time party thereto and (d) that certain Loan and Security
Agreement dated as of April 25, 2005, by and among Ria, Ria Telecommunications, Inc., a Delaware
corporation, and California Bank & Trust, a California banking corporation (“CB&T”), as
amended by the Assumption and Amendment Agreement, dated as of December [___], 2005, by and among
CB&T, Ria and Continental Exchange Solutions.

15

 

     “Existing Domestic Letters of Credit” means the letters of credit outstanding on the
Closing Date and identified as such on Schedule 2.03.

     “Existing F/X Letters of Credit” means the letters of credit outstanding on the
Closing Date and identified as such on Schedule 2.03.

     “Existing India Letters of Credit” means the letters of credit outstanding on the
Closing Date and identified as such on Schedule 2.03.

     “Existing Letters of Credit” means the Existing Domestic Letters of Credit, the
Existing F/X Letters of Credit and/or the Existing India Letters of Credit, as appropriate.

     “Extraordinary Receipts” means the receipt by any member of the Consolidated Group of
any tax refunds (excluding (a) refunds of excise taxes relating to the sale of prepaid wire line
long distance and (b) mobile phone airtime occurring prior to the date of this Credit Agreement and
value added tax refunds), indemnity payments (excluding such payments received relating to
Acquisitions occurring prior to the date hereof or permitted hereunder) or pension reversions.

     “Federal Funds Rate” means, for any day, the rate per annum equal to the weighted
average of the rates on overnight federal funds transactions with members of the Federal Reserve
System arranged by federal funds brokers on such day, as published by the Federal Reserve Bank of
New York on the Business Day next succeeding such day; provided that (a) if such day is not
a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the
next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such
rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day
shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100th
of 1%) charged to Bank of America on such day on such transactions as determined by the
Administrative Agent.

     “Fee Letter” means the letter agreement, dated November 21, 2006, among EWI, the
Administrative Agent and the Arranger.

     “First-Tier Foreign Subsidiary” means any Foreign Subsidiary that is owned directly by
a Domestic Credit Party.

     “Fixed LIBOR Base Rate” means, for such Interest Period, the rate per annum equal
to:

     (a) in the case of Loans denominated in India rupees, the rate published by the
National Stock Exchange (NSE) of India (sometimes referred to as the “MIBOR Rate”);
provided that if such rate is not available at such time for any reason, then the
“MIBOR Rate” shall be for such Interest Period shall be the rate per annum determined by the
Administrative Agent to be the rate at which deposits in India rupees for delivery on the
first day of such Interest Period in same day funds in the approximate amount of the subject
Loan being made, continued or converted with a term equivalent to such Interest Period would
be offered by the Mumbai branch of Bank of America to major banks in the Mumbai interbank
market at their request at approximately 11:00 a.m. (Mumbai time) on the first day of the
commencement of such Interest Period; and

     (b) in all other cases, the British Bankers Association LIBOR Rate (“BBA
LIBOR”), as published by Reuters (or other commercially available source providing
quotations of BBA LIBOR as designated by the Administrative Agent from time to time) at
approximately 11:00 a.m., London time, two Business Days prior to the commencement of such
Interest Period,

16

 

for deposits in the relevant currency (for delivery on the first day of such Interest
Period) with a term equivalent to such Interest Period. If such rate is not available at
such time for any reason, then the “Fixed LIBOR Base Rate” for such Interest Period shall be
the rate per annum determined by the Administrative Agent to be the rate at which deposits
in the relevant currency for delivery on the first day of such Interest Period in Same Day
Funds in the approximate amount of the Fixed LIBOR Rate Loan being made, continued or
converted by Bank of America and with a term equivalent to such Interest Period would be
offered by Bank of America’s London Branch (or other Bank of America branch or Affiliate) to
major banks in the London or other offshore interbank market for such currency at their
request at approximately 11:00 a.m. (London time) two Business Days prior to the
commencement of such Interest Period.

     “Fixed
LIBOR Rate” means for any Interest Period with respect to a Fixed
LIBOR Rate Loan, a rate per annum determined by the Administrative Agent pursuant to the following
formula:

	 	 	 	 	 
	Fixed LIBOR Rate =

	 	Fixed LIBOR Base Rate
 

1.00 — Fixed LIBOR Reserve Percentage
	 	 

     “Fixed LIBOR Rate Loan” means a Loan that bears interest at a rate based on the Fixed
LIBOR Rate. Fixed LIBOR Rate Loans may be denominated in Dollars, Alternative Currencies or
Rupees. All Loans denominated in an Alternative Currency must be Fixed LIBOR Rate Loans.

     “Fixed LIBOR Reserve Percentage” means, for any day during any Interest Period, the
reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such
day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB
for determining the maximum reserve requirement (including any emergency, supplemental or other
marginal reserve requirement) with respect to eurocurrency funding (currently referred to as
“eurocurrency liabilities”). The Fixed LIBOR Rate for each outstanding Fixed LIBOR Rate Loan shall
be adjusted automatically as of the effective date of any change in the Fixed LIBOR Reserve
Percentage.

     “Floating LIBOR Rate” means a fluctuating rate of interest set on the first Business
Day of each month equal to one (1) month London Interbank Offered Rate as published in the “Money
Rates” section of the Wall Street Journal (expressed as a decimal and rounded upward if the number
shown in the last decimal place is 5 or greater) adjusted from time to time in the sole discretion
of the Administrative Agent for then applicable reserve requirements, deposit insurance assessment
rates and other regulatory costs.

     “Floating LIBOR Rate Loans” means a Loan that bears interest at a rate based on the
Floating LIBOR Rate. Floating LIBOR Rate Loans may be denominated in Dollars only.

     “Foreign Credit Party” means any Credit Party that is not a Domestic Credit Party.

     “Foreign Lender” means any Lender that is organized under the laws of a jurisdiction
other than that in which EWI is resident for tax purposes. For purposes of this definition, the
United States, each state thereof and the District of Columbia shall be deemed to constitute a
single jurisdiction.

     “Foreign Obligor” means a Credit Party that is a Foreign Subsidiary.

     “Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary.

     “FRB” means the Board of Governors of the Federal Reserve System of the United States.

17

 

     “Fund” means any Person (other than a natural person) that is (or will be) engaged in
making, purchasing, holding or otherwise investing in commercial loans and similar extensions of
credit in the ordinary course of its activities.

     “Funded Debt” means, as to any Person at a particular time, without duplication, all
of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

     (a) all obligations for borrowed money, whether current or long-term (including the
Obligations hereunder), and all obligations evidenced by bonds, debentures, notes, loan
agreements or other similar instruments;

     (b) all purchase money indebtedness (including indebtedness and obligations in respect
of conditional sales and title retention arrangements, except for customary conditional
sales and title retention arrangements with suppliers that are entered into in the ordinary
course of business) and all indebtedness and obligations in respect of the deferred purchase
price of property or services (other than trade accounts payable incurred in the ordinary
course of business and payable on customary trade terms and unpaid expenses accrued in the
ordinary course of business);

     (c) all direct obligations under letters of credit (including standby and commercial),
bankers’ acceptances and similar instruments (including bank guaranties, surety bonds,
comfort letters, keep-well agreements and capital maintenance agreements) to the extent such
instruments or agreements support financial, rather than performance, obligations;
provided, that comfort letters and guaranties given by EWI and other members of the
Consolidated Group to secure the performance obligations of members of the Consolidated
Group in the ordinary course of business consistent with past practice (including, without
limitation, those relating to prepaid mobile phone airtime, PIN inventory, PIN accounts
receivable or restricted cash accounts associated with the purchase or sale of PINs or phone
time) shall not constitute Funded Debt;

     (d) the Attributable Principal Amount of capital leases and Synthetic Leases;

     (e) the Attributable Principal Amount of Securitization Transactions;

     (f) all preferred stock and comparable equity interests providing for mandatory
redemption, sinking fund or other like payments;

     (g) Support Obligations in respect of Funded Debt of another Person;

     (h) Funded Debt of any partnership or joint venture or other similar entity in which
such Person is a general partner or joint venturer, and, as such, has personal liability for
such obligations, but only to the extent there is recourse to such Person for payment
thereof.

For purposes hereof, the amount of Funded Debt shall be determined (i) based on the outstanding
principal amount in the case of borrowed money indebtedness under clause (a) and purchase
money indebtedness and the deferred purchase obligations under clause (b), (ii) based on
the maximum amount available to be drawn in the case of letter of credit obligations and the other
obligations under clause (c), and (iii) based on the amount of Funded Debt that is the
subject of the Support Obligations in the case of Support Obligations under clause (g).

     “F/X Borrowers” means (i) EFT Services Holding BV, a corporation organized and
existing under the laws of the Netherlands, (ii) e-pay Holdings LTD., a corporation organized and
existing under

18

 

the laws of England and Wales, (iii) Delta Euronet GmbH, a corporation organized and existing
under the laws of Germany, and (iv) Designated Borrowers that are identified as “F/X Borrowers”.

     “F/X Collateral Agent” means Bank of America, in its capacity as collateral agent to
secure the F/X Revolving Obligations, the guaranty obligations relating thereto and the other
secured obligations identified in the F/X Collateral Documents.

     “F/X Collateral Documents” means the F/X Security Agreements, the F/X Pledge
Agreements and any other documents executed and delivered in connection with the attachment and
perfection of security interests granted to secure the F/X Revolving Obligations.

     “F/X Guarantors” means (a) the Domestic Guarantors (including EWI and the other
Domestic Borrowers), (b) the F/X Borrowers and (c) each Person who gives a Guaranty in regards to
the F/X Obligations and (e) each Person who after the Closing Date becomes a F/X Guarantor pursuant
to a Joinder Agreement or other documentation in form and substance reasonably acceptable to the
Administrative Agent, in each case together with their respective successors and permitted assigns.

     “F/X L/C Advance” means, with respect to each F/X Revolving Lender, such Lender’s
funding of its participation in any F/X L/C Borrowing. All F/X L/C Advances must be denominated in
Dollars or Alternative Currencies.

     “F/X L/C Application” means an application and agreement for the issuance or amendment
of a F/X Letter of Credit in the form from time to time in use by the F/X L/C Issuer.

     “F/X L/C Borrowing” means any extension of credit resulting from a drawing under any
F/X Letter of Credit that has not been reimbursed or refinanced as a Borrowing of F/X Revolving
Loans. All F/X L/C Borrowings must be denominated in Dollars or Alternative Currencies.

     “F/X L/C Commitment” means, with respect to the F/X L/C Issuer, the commitment of the
F/X L/C Issuer to issue and to honor payment obligations under F/X Letters of Credit, and, with
respect to each F/X Revolving Lender, the commitment of such Lender to purchase participation
interests in F/X L/C Obligations up to such Lender’s F/X Revolving Commitment Percentage thereof.

     “F/X L/C Credit Extension” means, with respect to any F/X Letter of Credit, the
issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

     “F/X L/C Issuer” means (a) as to Existing F/X Letters of Credit, those lenders
identified as an issuer on Schedule 2.03 and (b) Bank of America in its capacity as issuer
of Letters to Credit hereunder, together with its successors in such capacity.

     “F/X L/C Obligations” means, at any time, the sum of (a) the maximum amount available
to be drawn under F/X Letters of Credit then outstanding, assuming compliance with all requirements
for drawings referenced therein, plus (b) the aggregate amount of all F/X L/C Unreimbursed Amounts,
including F/X L/C Borrowings. For purposes of computing the amount available to be drawn under any
F/X Letter of Credit, the amount of such F/X Letter of Credit shall be determined in accordance
with Section 1.09. For all purposes of this Credit Agreement, if on any date of
determination an F/X Letter of Credit has expired by its terms but any amount may still be drawn
thereunder by reason of the operation of Rule 3.14 of the ISP, such F/X Letter of Credit shall be
deemed to be “outstanding” in the amount so remaining available to be drawn.

     “F/X L/C Sublimit” has the meaning provided in Section 2.01(b)(ii).

19

 

     “F/X L/C Unreimbursed Amount” means an L/C Unreimbursed Amount in respect of a F/X
Letter of Credit.

     “F/X Letter of Credit” means each standby letter of credit issued hereunder by the F/X
L/C Issuer. F/X Letters of Credit may be issued in Dollars or Alternative Currencies.

     “F/X Loan Obligations” means the F/X Revolving Loan Obligations.

     “F/X Obligations” means all Obligations of the F/X Borrowers and their subsidiaries.

     “F/X Pledge Agreements” means the pledge agreements given to secure the F/X
Obligations in accordance with the provisions of Section 7.14(a)(ii), the guaranty
obligations relating thereto and the other secured obligations identified therein, in each case as
may be amended and modified from time to time.

     “F/X Revolving Commitment” means, for each F/X Revolving Lender, the commitment of
such Lender to make F/X Revolving Loans (and to share in F/X Revolving Loan Obligations) hereunder.

     “F/X Revolving Commitment Percentage” means, for each F/X Revolving Lender, a fraction
(expressed as a percentage carried to the ninth decimal place), the numerator of which is such
Lender’s F/X Revolving Committed Amount and the denominator of which is the Aggregate F/X Revolving
Committed Amount. The initial F/X Revolving Commitment Percentages are set out in Schedule
2.01.

     “F/X Revolving Committed Amount” means, for each F/X Revolving Lender, the amount of
such Lender’s F/X Revolving Commitment. The initial F/X Revolving Committed Amounts are set out in
Schedule 2.01.

     “F/X Revolving Lenders” means those Lenders with F/X Revolving Commitments, together
with their successors and permitted assigns. The initial F/X Revolving Lenders are identified on
the signature pages hereto and are set out in Schedule 2.01.

     “F/X Revolving Loan” has the meaning provided in Section 2.01(b).

     “F/X Revolving Loan Obligations” means the F/X Revolving Loans and the F/X L/C
Obligations.

     “F/X Revolving Notes” means the promissory notes, if any, given to evidence the F/X
Revolving Loans, as amended, restated, modified, supplemented, extended, renewed or replaced. A
form of F/X Revolving Note is attached as Exhibit 2.13-3.

     “F/X Security Agreement” means those security agreements, parallel debt agreements and
other similar agreements or instruments given by a Credit Party, as grantor to the F/X Collateral
Agent, to secure any or all of the F/X Obligations, guaranty obligations relating thereto and the
other secured obligations identified therein, as the same may be amended and modified from time to
time.

     “GAAP” means generally accepted accounting principles in the United States set forth
in the opinions and pronouncements of the Accounting Principles Board and the American Institute of
Certified Public Accountants and statements and pronouncements of the Financial Accounting
Standards Board or such other principles as may be approved by a significant segment of the
accounting profession in the United States, that are applicable to the circumstances as of the date
of determination, consistently applied, subject to the provisions of Section 1.03.

20

 

     “German Obligor” means any Borrower or any Guarantor incorporated in Germany.

     “Governmental Authority” means the government of the United States or any other
nation, or of any political subdivision thereof, whether state or local, and any agency, authority,
instrumentality, regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to
government (including any supra-national bodies such as the European Union or the European Central
Bank).

     “Guarantors” means the Domestic Guarantors, the F/X Guarantors and/or the India
Guarantors.

     “Guaranty” means (a) the guaranty provided pursuant to Article IV hereof, (b)
any guaranty payment of the Domestic Loan Obligations, (c) any guaranty of the F/X Revolving
Obligations, (c) any guaranty of the India Revolving Obligations and/or (d) any other guaranty
agreement given by any Person pursuant to the terms hereof, in each case as the same may be amended
and modified from time to time.

     “Hazardous Materials” means all explosive or radioactive substances or wastes and all
hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum
distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas,
infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to
any Environmental Law.

     “Honor Date” has the meaning provided in Section 2.03(c)(i).

     “Indebtedness” means, as to any Person at a particular time, without duplication, all
of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

     (a) all Funded Debt;

     (b) all contingent obligations under letters of credit (including standby and
commercial), bankers’ acceptances and similar instruments (including bank guaranties, surety
bonds, comfort letters, keep-well agreements and capital maintenance agreements) to the
extent such instruments or agreements support financial, rather than performance,
obligations;

     (c) net obligations under any Swap Contract;

     (d) Support Obligations in respect of Indebtedness of another Person; and

     (e) Indebtedness of any partnership or joint venture or other similar entity in which
such Person is a general partner or joint venturer, and, as such, has personal liability for
such obligations, but only to the extent there is recourse to such Person for payment
thereof.

For purposes hereof, the amount of Indebtedness shall be determined (i) based on Swap Termination
Value in the case of net obligations under Swap Contracts under clause (c) and (ii) based
on the outstanding principal amount of the Indebtedness that is the subject of the Support
Obligations in the case of Support Obligations under clause (d).

     “Incremental Credit Facilities” has the meaning provided in Section 2.01(e).

     “Indemnified Taxes” means Taxes other than Excluded Taxes.

21

 

     “Indemnitees” has the meaning provided in Section 11.04.

     “India Borrower” means Euronet Services India Pvt. Ltd., a corporation organized and
existing under the laws of India.

     “India Collateral Agent” means Bank of America, N.A., acting through its branch in
Mumbai, India, in its capacity as collateral agent to secure the India Revolving Obligations, the
guaranty obligations relating thereto and the other secured obligations identified in the India
Collateral Documents.

     “India Collateral Documents” means the India Security Agreements, the India Pledge
Agreements and any other documents executed and delivered in connection with the attachment and
perfection of security interests granted to secure the India Revolving Obligations.

     “India Guarantors” means (a) the Domestic Guarantors (including EWI and the other
Domestic Borrowers), (b) the F/X Guarantors, (c) the India Borrowers (if there is more than one
such Borrower), (d) the parties identified on the signature pages hereto as “India Guarantors” and
(e) each Person who after the Closing Date becomes a India Guarantor pursuant to a Joinder
Agreement or other documentation in form and substance reasonably acceptable to the Administrative
Agent, in each case together with their respective successors and permitted assigns.

     “India L/C Advance” means, with respect to each India Revolving Lender, such Lender’s
funding of its participation in any India L/C Borrowing. All India L/C Advances must be
denominated in Rupees.

     “India L/C Application” means an application and agreement for the issuance or
amendment of a India Letter of Credit in the form from time to time in use by the India L/C Issuer.

     “India L/C Borrowing” means any extension of credit resulting from a drawing under any
India Letter of Credit that has not been reimbursed or refinanced as a Borrowing of India Revolving
Loans. All India L/C Borrowings must be denominated in Rupees.

     “India L/C Commitment” means, with respect to the India L/C Issuer, the commitment of
the India L/C Issuer to issue and to honor payment obligations under India Letters of Credit, and,
with respect to each India Revolving Lender, the commitment of such Lender to purchase
participation interests in India L/C Obligations up to such Lender’s India Revolving Commitment
Percentage thereof.

     “India L/C Credit Extension” means, with respect to any India Letter of Credit, the
issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

     “India L/C Issuer” means (a) as to Existing India Letters of Credit, those lenders
identified as an issuer on Schedule 2.03 and (b) Bank of America in its capacity as issuer
of Letters to Credit hereunder, together with its successors in such capacity.

     “India L/C Obligations” means, at any time, the sum of (a) the maximum amount
available to be drawn under India Letters of Credit then outstanding, assuming compliance with all
requirements for drawings referenced therein, plus (b) the aggregate amount of all India L/C
Unreimbursed Amounts, including India L/C Borrowings. For purposes of computing the amount
available to be drawn under any India Letter of Credit, the amount of such India Letter of Credit
shall be determined in accordance with Section 1.09. For all purposes of this Credit
Agreement, if on any date of determination an India Letter of Credit has expired by its terms but
any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such
India Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to
be drawn.

22

 

     “India L/C Sublimit” has the meaning provided in Section 2.01(c)(ii).

     “India L/C Unreimbursed Amount” means an L/C Unreimbursed Amount in respect of an
India Letter of Credit.

     “India Letter of Credit” means each standby letter of credit issued hereunder by the
India L/C Issuer. India Letters of Credit may be issued in Rupees.

     “India Obligations” means the Obligations of the India Borrower and its subsidiaries.

     “India Pledge Agreements” means the pledge agreements given to secure the India
Obligations in accordance with the provisions of Section 7.14(a)(ii), the guaranty
obligations relating thereto and the other secured obligations identified therein, in each case as
may be amended and modified from time to time.

     “India Revolving Commitment” means, for each India Revolving Lender, the commitment of
such Lender to make India Revolving Loans (and to share in India Revolving Loan Obligations)
hereunder.

     “India Revolving Commitment Percentage” means, for each India Revolving Lender, a
fraction (expressed as a percentage carried to the ninth decimal place), the numerator of which is
such Lender’s India Revolving Committed Amount and the denominator of which is the Aggregate India
Revolving Committed Amount. The initial India Revolving Commitment Percentages are set out in
Schedule 2.01.

     “India Revolving Committed Amount” means, for each India Revolving Lender, the amount
of such Lender’s India Revolving Commitment. The initial India Revolving Committed Amounts are set
out in Schedule 2.01.

     “India Revolving Lenders” means those Lenders with India Revolving Commitments,
together with their successors and permitted assigns. The initial India Revolving Lenders are
identified on the signature pages hereto and are set out in Schedule 2.01.

     “India Revolving Loan” has the meaning provided in Section 2.01(c)(i).

     “India Revolving Loan Obligations” means the India Revolving Loans and the India L/C
Obligations.

     “India Revolving Notes” means the promissory notes, if any, given to evidence the
India Revolving Loans, as amended, restated, modified, supplemented, extended, renewed or replaced.
A form of India Revolving Note is attached as Exhibit 2.13-4.

     “India Security Agreement” means those security agreements, parallel debt agreements
and other similar agreements or instruments given by a Credit Party, as grantor to the India
Collateral Agent, to secure any or all of the India Obligations, guaranty obligations relating
thereto and the other secured obligations identified therein, as the same may be amended and
modified from time to time.

     “Information” has the meaning specified in Section 11.07.

     “Interest Payment Date” means, (a) as to any Base Rate Loan and any Floating LIBOR
Rate Loan (including Swingline Loans), the last Business Day of each March, June, September and
December, the

23

 

Revolving Termination Date and the date of the final principal amortization payment on any
Term Loan and, in the case of any Swingline Loan, any other dates as may be mutually agreed upon by
the applicable Borrowers and the Swingline Lender, and (b) as to any Fixed LIBOR Rate Loan, the
last Business Day of each Interest Period for such Loan, the date of repayment of principal of such
Loan, the Revolving Termination Date and the date of the final principal amortization payment on
any Term Loan, and in addition, where the applicable Interest Period exceeds three months, the date
every three months after the beginning of such Interest Period. If an Interest Payment Date falls
on a date that is not a Business Day, such Interest Payment Date shall be deemed to be the next
succeeding Business Day.

     “Interest Period” means, as to each Fixed LIBOR Rate Loan, the period commencing on
the date such Fixed LIBOR Rate Loan is disbursed or converted to or continued as a Fixed LIBOR Rate
Loan and ending on the date one, two, three or six months thereafter, as selected by the applicable
Borrower in its Loan Notice; provided that:

     (a) any Interest Period that would otherwise end on a day that is not a Business Day
shall be extended to the next succeeding Business Day unless such Business Day falls in
another calendar month, in which case such Interest Period shall end on the immediately
preceding Business Day;

     (b) any Interest Period 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 the calendar month at the end
of such Interest Period;

     (c) no Interest Period with respect to any Revolving Loan shall extend beyond the
Revolving Termination Date; and

     (d) no Interest Period with respect to any Term Loan shall extend beyond any principal
amortization payment date, except to the extent that the portion of such Loan comprised of
Fixed LIBOR Rate Loans that is expiring prior to the applicable principal amortization
payment date plus the portion comprised of Base Rate Loans equals or exceeds the
principal amortization payment then due.

     “Internal Revenue Code” means the Internal Revenue Code of 1986.

     “Investment” means, as to any Person, any direct or indirect acquisition or investment
by such Person, whether by means of (a) the purchase or other acquisition of Capital Stock of
another Person, (b) a loan, advance or capital contribution to, guaranty or assumption of debt of,
or purchase or other acquisition of any other debt or equity participation or interest in, another
Person, including any partnership or joint venture interest in such other Person and any
arrangement pursuant to which the investor undertakes any Support Obligation with respect to
Indebtedness of such other Person, or (c) the purchase or other acquisition (in one transaction or
a series of transactions) of assets of another Person that constitute a business unit. For
purposes of covenant compliance, the amount of any Investment shall be the amount actually
invested, without adjustment for subsequent increases or decreases in the value of such Investment.

     “Involuntary Disposition” means the receipt by any member of the Consolidated Group of
any cash insurance proceeds or condemnation awards payable by reason of theft, loss, physical
destruction or damage, taking or similar event with respect to any of its Property.

     “IP Rights” has the meaning provided in Section 6.20.

24

 

     “IRS” means the United States Internal Revenue Service.

     “ISP” means, with respect to any Letter of Credit, the “International Standby
Practices 1998” published by the Institute of International Banking Law & Practice, Inc. (or such
later version thereof as may be in effect at the time of issuance of such Letter of Credit).

     “Issuer Documents” means, with respect to any Letter of Credit, the L/C Application
and any other document, agreement or instrument (including such Letter of Credit) entered into by a
Borrower (or any Subsidiary) and the applicable L/C Issuer (or in favor of the applicable L/C
Issuer), relating to such Letter of Credit.

     “Joinder Agreement” means (a) with respect to any Domestic Guarantor, a joinder
agreement substantially in the form of Exhibit 7.13 executed and delivered in accordance
with the provisions of Section 7.13 and (b) with respect to any F/X guarantor or any India
Guarantor, a joinder agreement reasonably acceptable to the Administrative Agent.

     “Judgment Currency” has the meaning provided in Section 11.18.

     “Laws” means, collectively, all international, foreign, federal, state and local
statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or
judicial precedents or authorities, including the interpretation or administration thereof by any
Governmental Authority charged with the enforcement, interpretation or administration thereof, and
all applicable administrative orders, directed duties, licenses, authorizations and permits of, and
agreements with, any Governmental Authority, in each case whether or not having the force of law.

     “L/C Advance” means a Domestic L/C Advance, a F/X L/C Advance and/or an India L/C
Advance, as appropriate.

     “L/C Application” means a Domestic L/C Application, a F/X L/C Application and/or an
India L/C Application, as appropriate.

     “L/C Borrowing” means a Domestic L/C Borrowing, a F/X L/C Borrowing and/or an India
L/C Borrowing, as appropriate.

     “L/C Commitment” means the Domestic L/C Commitment, the F/X L/C Commitment and/or the
India L/C Commitment, as appropriate.

     “L/C Credit Extension” means a Domestic L/C Credit Extension, a F/X L/C Credit
Extension and/or an India L/C Credit Extension, as appropriate.

     “L/C Expiration Date” means the day that is seven days prior to the Revolving
Termination Date then in effect (or, if such day is not a Business Day, the immediately preceding
Business Day).

     “L/C Issuer” means the Domestic L/C Issuer, the F/X L/C Issuer and/or the India L/C
Issuer, as appropriate.

     “L/C Obligations” means the Domestic L/C Obligations, the F/X L/C Obligations and/or
the India L/C Obligations, as appropriate.

25

 

     “L/C Sublimit” means the Domestic L/C Sublimit, the F/X L/C Sublimit and/or the India
L/C Sublimit, as appropriate.

     “L/C Unreimbursed Amount” has the meaning provided in Section 2.03(c)(i).

     “Lender Joinder Agreement” means a joinder agreement, substantially in the form of
Exhibit 2.01, executed and delivered in accordance with the provisions of Section
2.01(f).

     “Lenders” means the Domestic Revolving Lenders, the F/X Revolving Lenders, the India
Revolving Lenders and/or the Tranche B Term Lenders, as appropriate.

     “Lending Office” means, as to any Lender, the office or offices of such Lender set
forth in such Lender’s Administrative Questionnaire or such other office or offices as a Lender may
from time to time notify the Borrowers and the Administrative Agent.

     “Letter of Credit” means a Domestic Letter of Credit, a F/X Letter of Credit and/or an
India Letter of Credit, as appropriate.

     “Letter of Credit Fee” has the meaning provided in Section 2.09(b)(i).

     “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien (statutory or other), charge, or preference, priority or other security interest
or preferential arrangement in the nature of a security interest of any kind or nature whatsoever
(including any conditional sale or other title retention agreement, any easement, right of way or
other encumbrance on title to real property and any financing lease having substantially the same
economic effect as any of the foregoing).

     “LIBOR Rate” means a Fixed LIBOR Rate or Floating LIBOR Rate, or both, as appropriate.

     “LIBOR Rate Loans” means a Fixed LIBOR Rate Loan or Floating LIBOR Rate Loan, or both,
as appropriate.

     “Loan Notice” means a notice of (a) a Borrowing of Loans (including Swingline Loans),
(b) a conversion of Loans from one Type to the other, or (c) a continuation of Fixed LIBOR Rate
Loans, which, if in writing, shall be substantially in the form of Exhibit 2.02.

     “Loan Obligations” means the Revolving Loan Obligations and the Term Loans.

     “Loans” means any Revolving Loan and/or any Term Loan, and the Fixed LIBOR Rate Loans,
Floating LIBOR Rate Loans and Base Rate Loans comprising such Loans.

     “Mandatory Cost” means, with respect to any period, the percentage rate per annum
determined in accordance with Schedule 1.01. 

     “Material Adverse Effect” means (a) a material adverse change in, or a material
adverse effect upon, the operations, business, properties, liabilities (actual or contingent),
condition (financial or otherwise) or prospects of the Consolidated Group taken as a whole; (b) a
material impairment of the ability of any Credit Party to perform its obligations under any Credit
Document to which it is a party; or (c) a material adverse effect upon the legality, validity,
binding effect or the enforceability against any Credit Party of any Credit Document to which it is
a party.

26

 

     “Material Domestic Subsidiary” means any Domestic Subsidiary which becomes, or is
required to become, a Guarantor in accordance with the provisions of Section 7.13(a).

     “Material First-Tier Foreign Subsidiary” means each First-Tier Foreign Subsidiary that
is a Material Foreign Subsidiary.

     “Material Foreign Subsidiary” means (i) each of the Specified Material Foreign
Subsidiaries, and (ii) any other Foreign Subsidiary which becomes, or is required to become, a
Guarantor in accordance with the provisions of Section 7.13(b).

     “Material Subsidiary” means a Material Domestic Subsidiary and/or Material Foreign
Subsidiary, as appropriate.

     “Mobile Network Trust Arrangement” means (i) the arrangements, whether registered or
unregistered, between e-Pay Limited, the Law Debenture Trust Corporation plc and certain mobile
telephone networks in the United Kingdom, including Orange, Vodafone, O2, Virgin Mobile and
T-Mobile pursuant to which e-pay Limited collects fees for mobile telephone top-ups, holds cash and
accounts for, and distributes cash amounts to, such networks and itself, and (ii) any other similar
arrangements entered into from time to time.

     “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto.

     “Multiemployer Plan” means any employee benefit plan of the type described in Section
4001(a)(3) of ERISA, to which EWI or any ERISA Affiliate makes or is obligated to make
contributions, or during the preceding five plan years, has made or been obligated to make
contributions.

     “Net Cash Proceeds” means the aggregate proceeds paid in cash or Cash Equivalents
received by any member of the Consolidated Group in connection with any Disposition, Debt
Transaction, Equity Transaction or Securitization Transaction, net of (a) direct costs (including
legal, accounting and investment banking fees, sales commissions and underwriting discounts) and
(b) estimated taxes paid or payable as a result thereof. For purposes hereof, “Net Cash Proceeds”
includes any cash or Cash Equivalents received upon the disposition of any non-cash consideration
received by any member of the Consolidated Group in any Disposition, Debt Transaction, Equity
Transaction or Securitization Transaction.

     “Non-Consenting Lender” has the meaning provided in Section 11.13.

     “Non-Extension Notice Date” has the meaning provided in Section 2.03(b)(iii).

     “Non-Guarantor Domestic Subsidiary” has the meaning provided in Section
7.13(a).

     “Non-Guarantor F/X Subsidiary” has the meaning provided in Section 7.13(b).

     “Non-Guarantor India Subsidiary” has the meaning provided in Section 7.13(c).

     “Non-Reinstatement Deadline” has the meaning provided in Section 2.03(b)(iv).

     “Notes” means the Revolving Notes, the Swingline Notes and the Term Loan Notes.

     “Obligations” means, without duplication, (a) all advances to, and debts, liabilities,
obligations, covenants and duties of, any Credit Party arising under any Credit Document or
otherwise with respect to

27

 

any Loan or Letter of Credit, whether direct or indirect (including those acquired by
assumption), absolute or contingent, due or to become due, now existing or hereafter arising and
including interest and fees that accrue after the commencement by or against any Credit Party or
any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the
debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such
proceeding, (b) all obligations under any Swap Contract between any Credit Party and any Lender or
Affiliate of a Lender to the extent permitted hereunder and (c) all obligations under any Treasury
Management Agreement between any Credit Party and any Lender or Affiliate of a Lender.

     “Organization Documents” means, (a) with respect to any corporation, the certificate
or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents
with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the
certificate or articles of formation or organization and operating agreement; and (c) with respect
to any partnership, joint venture, trust or other form of business entity, the partnership, joint
venture or other applicable agreement of formation or organization and any agreement, instrument,
filing or notice with respect thereto filed in connection with its formation or organization with
the applicable Governmental Authority in the jurisdiction of its formation or organization and, if
applicable, any certificate or articles of formation or organization of such entity.

     “Other Taxes” means all present or future stamp or documentary taxes or any other
excise or property taxes, charges or similar levies arising from any payment made hereunder or
under any other Credit Document or from the execution, delivery or enforcement of, or otherwise
with respect to, this Credit Agreement or any other Credit Document.

     “Outstanding Amount” means (i) with respect to Loans on any date, the Dollar
Equivalent amount of the aggregate outstanding principal amount thereof after giving effect to any
borrowings and prepayments or repayments of such Loans occurring on such date; (ii) with respect to
Swingline Loans on any date, the Dollar Equivalent amount of the aggregate outstanding principal
amount thereof after giving effect to any borrowings and prepayments or repayments of such
Swingline Loans occurring on such date; and (iii) with respect to any L/C Obligations on any date,
the Dollar Equivalent amount of the aggregate outstanding amount of such L/C Obligations on such
date after giving effect to any L/C Credit Extension occurring on such date and any other changes
in the aggregate amount of the L/C Obligations as of such date, including as a result of any
reimbursements by a Borrower of L/C Unreimbursed Amounts.

     “Overnight Rate” means, for any day, (a) with respect to any amount denominated in
Dollars, the greater of (i) the Federal Funds Rate and (ii) an overnight rate determined by the
Administrative Agent, the applicable L/C Issuer, or the Swingline Lender, as the case may be, in
accordance with banking industry rules on interbank compensation, and (b) with respect to any
amount denominated in any other currency, the rate of interest per annum at which overnight
deposits in any other currency, in an amount approximately equal to the amount with respect to
which such rate is being determined, would be offered for such day by a branch or Affiliate of Bank
of America in the applicable offshore interbank market for such currency to major banks in such
interbank market.

     “Participant” has the meaning specified in Section 11.06(d).

     “Participating Member State” means each state so described in any EMU Legislation.

     “Patriot Act” has the meaning provided in Section 11.17.

     “PBGC” means the Pension Benefit Guaranty Corporation.

28

 

     “Pension Plan” means any “employee pension benefit plan” (as such term is defined in
Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and
is sponsored or maintained by EWI or any ERISA Affiliate or to which EWI or any ERISA Affiliate
contributes or has an obligation to contribute, or in the case of a multiple employer or other plan
described in Section 4064(a) of ERISA, has made contributions at any time during the immediately
preceding five plan years.

     “Permitted Acquisitions” means any Acquisition that satisfies the following
conditions:

     (a) in the case of Acquisitions of an enterprise, an entity or property located in an
Approved Jurisdiction , EWI can demonstrate that after giving effect thereto on a Pro Forma
Basis, (i) the Consolidated Total Leverage Ratio and Consolidated Senior Secured Leverage
Ratio will each be 0.25 less than the maximum permitted under Section 8.13(b) and
(c) hereunder, and (ii) it will be in compliance with the other financial covenants in
Section 8.13;

     (b) in the case of Acquisitions of an enterprise, an entity or property any part of
which is not located in an Approved Jurisdiction, (i) that portion of the enterprise, entity
or property that is the subject of such Acquisition (or series of related Acquisitions) that
is not located in an Approved Jurisdiction will not exceed $15 million, (ii) the aggregate
amount of all such enterprises, entities or properties not located in an Approved
Jurisdiction Acquired in any calendar year will not exceed $30 million, and (iii) EWI can
demonstrate compliance with the financial covenants in Section 8.13 after giving
effect thereto on a Pro Forma Basis;

     (c) in the case of an Acquisition of Capital Stock, the board of directors (or other
comparable governing body) of the subject party shall have approved the Acquisition; and

     (d) no Default or Event of Default shall exist and be continuing immediately before or
immediately after giving effect thereto on a Pro Forma Basis, and not less than five days
before consummation of the Acquisition, a Responsible Officer of EWI shall provide a
compliance certificate, in form and detail satisfactory to the Administrative Agent.

     “Permitted Dispositions” means:

     (a) Dispositions by and between members of the Consolidated Group, provided
that such Dispositions are made for fair value or, if not for fair value, the difference
would constitute an Investment permitted under Section 8.02;

     (b) a sale and lease back of ATM machines or POS terminals in the ordinary course of
business when such sale and leaseback is entered into in connection with an agreement
between any member of the Consolidated Group and a customer for the provision of services,
such as the outsourced operation of the ATMs or POS terminals or the licensing and
maintenance of software for the operation of such ATMs or POS terminals; and

     (c) other Dispositions by the members of the Consolidated Group in any fiscal year in
an aggregate amount (calculated using book value) of up to five percent (5%) of total
tangible assets for the Consolidated Group as of the last day of the immediately preceding
fiscal year, provided that no Default or Event of Default shall exist and be continuing
immediately before or immediately after giving effect thereto on a Pro Forma Basis.

     “Permitted Liens” means Liens permitted pursuant to Section 8.01.

29

 

     “Person” means any natural person, corporation, limited liability company, trust,
joint venture, association, company, partnership, Governmental Authority or other entity.

     “Plan” means any “employee benefit plan” (as such term is defined in Section 3(3) of
ERISA) established by EWI or, with respect to any such plan that is subject to Section 412 of the
Internal Revenue Code or Title IV of ERISA, any ERISA Affiliate.

     “Platform” has the meaning provided in Section 7.02.

     “Pledge Agreement” means the Domestic Pledge Agreements, the F/X Pledge Agreements and
the India Pledge Agreements.

     “Prepaid Processing Segment” means the reportable “Prepaid Processing” segment as
referenced and reported in Form 10-K and Form 10-Q filed by EWI with the SEC.

     “Pro Forma Basis” means, with respect to any transaction, for purposes of determining
the applicable pricing level under the definition of “Applicable Percentage” and determining
compliance with the financial covenants hereunder, that such transaction shall be deemed to have
occurred as of the first day of the period of four consecutive fiscal quarters ending as of the end
of the most recent fiscal quarter for which annual or quarterly financial statements shall have
been delivered in accordance with the provisions hereof. Further, for purposes of making
calculations on a “Pro Forma Basis” hereunder, (a) in the case of any Disposition, (i) income
statement items (whether positive or negative) attributable to the property, entities or business
units that are the subject of such Disposition shall be excluded to the extent relating to any
period prior to the date thereof and (ii) Indebtedness paid or retired in connection with such
Disposition shall be deemed to have been paid and retired as of the first day of the applicable
period; and (b) in the case of any Acquisition, merger or consolidation, (i) income statement items
(whether positive or negative) attributable to the property, entities or business units that are
the subject thereof shall be included to the extent relating to any period prior to the date
thereof and (ii) Indebtedness incurred in connection with such Acquisition, merger or
consolidation, shall be deemed to have been incurred as of the first day of the applicable period
(and interest expense shall be imputed for the applicable period assuming prevailing interest rates
hereunder).

     “Property” means an interest of any kind in any property or asset, whether real,
personal or mixed, and whether tangible or intangible.

     “Public Lender” has the meaning specified in Section 7.02.

     “Qualifying Lender” shall mean a Lender which is beneficially entitled to interest
payable to that Lender in respect of an advance under a Credit Document and is:

     (a) a Lender: (i) which is a bank (as defined for the purpose of section 349 of the
Taxes Act) making an advance under a Credit Document; or (ii) in respect of an advance made
under a Credit Document by a person that was a bank (as defined for the purpose of section
349 of the Taxes Act) at the time that that advance was made, and which is within the charge
to United Kingdom corporation tax as respects any payments of interest made in respect of
that advance; or

     (b) a Lender which is: (i) a company resident in the United Kingdom for United
Kingdom tax purposes; (ii) a partnership each member of which is: (aa) a company so
resident in the United Kingdom; or (bb) a company not so resident in the United Kingdom
which carries

30

 

on a trade in the United Kingdom through a permanent establishment and which
brings into account in computing its chargeable profits (for the purposes of section 11(2) of the
Taxes Act) the whole of any share of interest payable in respect of that advance that falls
to it by reason of sections 114 and 115 of the Taxes Act; (iii) a company not so resident
in the United Kingdom which carries on a trade in the United Kingdom through a permanent
establishment and which brings into account interest payable in respect of that advance in
computing the chargeable profits (for the purposes of section 11(2) of the Taxes Act) of the
company; or;

     (c) a Treaty Lender.

     “Register” has the meaning provided in Section 11.07(c).

     “Related Parties” means, with respect to any Person, such Person’s Affiliates and the
partners, directors, officers, employees, agents and advisors of such Person and of such Person’s
Affiliates.

     “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA,
other than events for which the thirty-day notice period has been waived.

     “Repurchase Date” has the meaning provided in Section 2.06(b)(vi).

     “Request for Credit Extension” means (a) with respect to a Borrowing of Loans
(including Swingline Loans) or the conversion or continuation of Loans, a Loan Notice and (b) with
respect to an L/C Credit Extension, a L/C Application.

     “Required Domestic Revolving Lenders” means, as of any date of determination, Lenders
having more than 50% of the Aggregate Domestic Revolving Commitments, or if the Domestic Revolving
Commitments have expired or been terminated, Lenders holding in the aggregate more than 50% of the
Domestic Revolving Loan Obligations (including, in each case, the aggregate amount of each Lender’s
risk participation and funded participation in Domestic L/C Obligations and Domestic Swingline
Loans); provided that the commitments of, and the portion of the Domestic Revolving Loan
Obligations held or deemed held by, any Defaulting Lender shall be excluded for purposes of making
a determination of “Required Domestic Revolving Lenders”.

     “Required F/X Revolving Lenders” means, as of any date of determination, Lenders
having more than 50% of the Aggregate F/X Revolving Commitments, or if the F/X Revolving Loan
Commitments have expired or been terminated, Lenders holding in the aggregate more than 50% of the
F/X Revolving Loan Obligations (including, in each case, the aggregate amount of each Lender’s risk
participation and funded participation in F/X L/C Obligations); provided that the
commitments of, and the portion of the F/X Revolving Loan Obligations held or deemed held by, any
Defaulting Lender shall be excluded for purposes of making a determination of “Required F/X
Revolving Lenders”.

     “Required India Revolving Lenders” means, as of any date of determination, Lenders
having more than 50% of the Aggregate India Revolving Commitments, or if the India Revolving
Commitments have expired or been terminated, Lenders holding in the aggregate more than 50% of the
India Revolving Loan Obligations (including, in each case, the aggregate amount of each Lender’s
risk participation and funded participation in India L/C Obligations); provided that the
commitments of, and the portion of the India Revolving Loan Obligations held or deemed held by, any
Defaulting Lender shall be excluded for purposes of making a determination of “Required India
Revolving Lenders”.

     “Required Lenders” means, as of any date of determination, Lenders having more than 50% of
the Aggregate Commitments or, if the Commitments shall have expired or been terminated,
Lenders

31

 

holding in the aggregate more than 50% of the Loan Obligations (including, in each case,
the aggregate amount of each Lender’s risk participation and funded participation in L/C
Obligations and Swingline Loans); provided that the commitments of, and the portion of the
Loan Obligations held or deemed held by, any Defaulting Lender shall be excluded for purposes of
making a determination of Required Lenders.

     “Required Revolving Lenders” means, as of any date of determination, Lenders having
more than 50% of the Aggregate Revolving Commitments or, if the Revolving Commitments shall have
expired or been terminated, Lenders holding more than 50% of the aggregate principal amount of
Revolving Loan Obligations (including, in each case, the aggregate principal amount of each
Lender’s risk participation and funded participation in L/C Obligations and Swingline Loans);
provided that the Revolving Commitment of, and the portion of Revolving Loan Obligations
held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required
Revolving Lenders.

     “Required Tranche B Term Lenders” means, as of any date of determination, Lenders
holding more than 50% of the aggregate principal amount of Tranche B Term Loan Commitments;
provided that the Tranche B Term Loan Commitments held or deemed held by any Defaulting
Lender shall be excluded for purposes of making a determination of Required Tranche B Term Lenders.

     “Responsible Officer” means the chief executive officer, president, chief financial
officer, treasurer or assistant treasurer of a Credit Party. Any document delivered hereunder that
is signed by a Responsible Officer of a Credit Party shall be conclusively presumed to have been
authorized by all necessary corporate, partnership and/or other action on the part of such Credit
Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such
Credit Party.

     “Restricted Payments” means (i) any dividend or other distribution (whether in cash,
securities or other property) by EWI in respect of its Capital Stock, or any payment (whether in
cash, securities or other property) including any sinking fund payment or similar deposit, for or
on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any
Capital Stock of EWI or any option, warrant or other right to acquire such Capital Stock of EWI,
and (ii) the prepayment, purchase or redemption of the Convertible Debentures or any other
Subordinated Debt of the Consolidated Group prior to scheduled maturity.

     “Revaluation Date” means (a) with respect to any Loan, each of the following: (i)
each date of a Borrowing of a Fixed LIBOR Rate Loan denominated in a currency other than Dollars,
(ii) each date of a continuation of a Fixed LIBOR Rate Loan denominated in a currency other than
Dollars pursuant to Section 2.02, and (iii) such additional dates as the Administrative
Agent shall determine or the respective Required Lenders shall require; and (b) with respect to any
Letter of Credit, each of the following: (i) each date of issuance of a Letter of Credit
denominated in a currency other than Dollars, (ii) each date of an amendment of any such Letter of
Credit having the effect of increasing the amount thereof (solely with respect to the increased
amount), (iii) each date of any payment by the applicable L/C Issuer under any Letter of Credit
denominated in a currency other than Dollars, (iv) in the case of the Existing Letters of Credit,
the Closing Date and (v) such additional dates as the Administrative Agent or the applicable L/C
Issuer shall determine or the respective Required Lenders shall require. 

     “Revolving Commitment Percentage” means the Domestic Revolving Commitment Percentage,
the F/X Revolving Commitment Percentage and/or the India Revolving Commitment Percentage, as
appropriate.

     “Revolving Commitments” means the Domestic Revolving Commitments (including the
Domestic L/C Commitment and the Domestic Swingline Commitment), the F/X Revolving Commitments

32

 

(including the F/X L/C Commitment) and the India Revolving Commitments (including the India L/C
Commitment).

     “Revolving Committed Amount” means the Domestic Revolving Committed Amount, the F/X
Revolving Committed Amount and/or the India Revolving Committed Amount.

     “Revolving Lenders” means the Domestic Revolving Lenders, the F/X Revolving Lenders
and/or the India Revolving Lenders, as appropriate.

     “Revolving Loan Obligations” means the Domestic Revolving Loan Obligations, the F/X
Revolving Loan Obligations and/or the India Revolving Loan Obligations.

     “Revolving Loans” means the Domestic Revolving Loans, the F/X Revolving Loans and/or
the India Revolving Loans, as appropriate.

     “Revolving Notes” means the Domestic Revolving Notes, the F/X Revolving Notes and/or
the India Revolving Notes.

     “Revolving Termination Date” means April 4, 2012.

     “RIA” means RIA Envia, Inc., a New York corporation.

     “RIA Acquisition Agreement” means the Stock Purchase Agreement, entered into as of
November 21, 2006, by and among EPR, EWI, the Fred Kunik Family Trust, a California trust, and the
Irving Barr Living Trust, a California living trust.

     “Rupee” means the lawful currency of India.

     “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc. and any successor thereto.

     “Same Day Funds” means (a) with respect to disbursements and payments in Dollars,
immediately available funds, and (b) with respect to disbursements and payments in currencies other
than Dollars, same day or other funds as may be determined by the Administrative Agent or the
applicable L/C Issuer, as the case may be, to be customary in the place of disbursement or payment
for the settlement of international banking transactions in the relevant currency.

     “Screen Rate” means, for any Interest Period:

     (a) the rate per annum equal to the rate determined by the Administrative Agent to be
the offered rate that appears on the page of the Telerate screen (or any successor thereto)
that displays an average British Bankers Association Interest Settlement Rate for deposits
in the relevant currency (for delivery on the first day of such Interest Period) with a term
equivalent to such Interest Period, determined as of approximately 11:00 a.m. (London time)
two Business Days prior to the first day of such Interest Period; or

     (b) if the rate referenced in the preceding clause (a) does not appear on such page or
service or such page or service shall cease to be available, the rate per annum equal to the
rate determined by the Administrative Agent to be the offered rate on such other page or
other service that displays an average British Bankers Association Interest Settlement Rate
for deposits in the relevant currency (for delivery on the first day of such Interest
Period) with a term equivalent to

33

 

such Interest Period, determined as of approximately 11:00
a.m. (London time) two Business Days prior to the first day of such Interest Period.

     “SEC” means the Securities and Exchange Commission, or any Governmental Authority
succeeding to any of its principal functions.

     “Securitization Transaction” means any financing or factoring or similar transaction
(or series of such transactions) entered by any member of the Consolidated Group pursuant to which
such member of the Consolidated Group may sell, convey or otherwise transfer, or grant a security
interest in, accounts, payments, receivables, rights to future lease payments or residuals or
similar rights to payment (the “Securitization Receivables”) to a special purpose
subsidiary or affiliate (a “Securitization Subsidiary”) or any other Person.

     “Security Agreement” means the Domestic Security Agreement, the F/X Security Agreement
and the India Security Agreement.

     “Special Notice Currency” means at any time a currency other than Dollars, other than
the currency of a country that is a member of the Organization for Economic Cooperation and
Development at such time located in North America or Europe.

     “Specified Material Foreign Subsidiaries” means each of the F/X Borrowers, Bankomat
24/Euronet Sp.z.o.o., incorporated in Poland, Euronet Services GMBH, existing under the laws of
Germany, e-pay Limited, existing under the laws of England and Wales, e-pay Australia Pty Ltd,
existing under the laws of New South Wales, Australia, Euronet Adminisztracios Szolgaltato Kft.,
existing under the laws of Hungary, and Euronet Banktechnikai Szolgaltato Kft., existing under the
laws of Hungary.

     “Spot Rate” for a currency means the rate determined by the Administrative Agent or
the applicable L/C Issuer, as applicable, to be the rate quoted by the Person acting in such
capacity as the spot rate for the purchase by such Person of such currency with another currency
through its principal foreign exchange trading office at approximately 11:00 a.m. on the date two
Business Days prior to the date as of which the foreign exchange computation is made;
provided that the Administrative Agent or the applicable L/C Issuer may obtain such spot
rate from another financial institution designated by the Administrative Agent or the applicable
L/C Issuer if the Person acting in such capacity does not have as of the date of determination a
spot buying rate for any such currency; and provided further that the applicable
L/C Issuer may use such spot rate quoted on the date as of which the foreign exchange computation
is made in the case of any Letter of Credit denominated in a currency other than Dollars.

     “Sterling” and “£” mean the lawful currency of the United Kingdom.

     “Subordinated Debt” means (i) the Convertible Subordinated Debentures, and (ii) any
Indebtedness that by its terms is expressly subordinated in right of payment to the prior payment
of the Loan Obligations hereunder on terms and conditions, and evidenced by documentation,
satisfactory to the Administrative Agent and the Required Lenders.

     “Subsidiary” of a Person means a corporation, partnership, joint venture, limited
liability company or other business entity of which a majority of the shares of securities or other
interests having ordinary voting power for the election of directors or other governing body (other
than securities or interests having such power only by reason of the happening of a contingency)
are at the time beneficially owned, or the management of which is otherwise controlled, directly,
or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise
provided, “Subsidiary” shall refer to a Subsidiary of EWI.

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     “Support Obligations” means, as to any Person, any (a) any obligation, contingent or
otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any
Indebtedness or other obligation payable or performable by another Person (the “primary obligor”)
in any manner, whether directly or indirectly, and including any obligation of such Person, direct
or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of)
such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services
for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the
payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital,
equity capital or any other financial statement condition or liquidity or level of income or cash
flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other
obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in
respect of such Indebtedness or other obligation of the payment or performance thereof or to
protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any
assets of such Person securing any Indebtedness or other obligation of any other Person, whether or
not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or
otherwise, of any holder of such Indebtedness to obtain any such Lien); provided that “Support
Obligation” shall not include obligations relating to the endorsement of checks, drafts or other
items for collection in the ordinary course of business. The amount of any Support Obligations
shall be deemed to be an amount equal to the stated or determinable amount of the related primary
obligation, or portion thereof, in respect of which such Support Obligation is made or, if not
stated or determinable, the maximum reasonably anticipated liability in respect thereof as
determined by the guaranteeing Person in good faith.

     “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit
derivative transactions, forward rate transactions, commodity swaps, commodity options, forward
commodity contracts, equity or equity index swaps or options, bond or bond price or bond index
swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options,
forward foreign exchange transactions, cap transactions, floor transactions, collar transactions,
currency swap transactions, cross-currency rate swap transactions, currency options, spot
contracts, or any other similar transactions or any combination of any of the foregoing (including
any options to enter into any of the foregoing), whether or not any such transaction is governed by
or subject to any master agreement, and (b) any and all transactions of any kind, and the related
confirmations, that are subject to the terms and conditions of, or governed by, any form of master
agreement published by the International Swaps and Derivatives Association, Inc., any International
Foreign Exchange Master Agreement, or any other master agreement (any such master agreement,
together with any related schedules, a “Master Agreement”), including any such obligations
or liabilities under any Master Agreement.

     “Swap Termination Value” means, in respect of any one or more Swap Contracts, after
taking into account the effect of any legally enforceable netting agreement relating to such Swap
Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and
termination values determined in accordance therewith, such termination values, and (b) for any
date prior to the date referenced in clause (a), the amounts determined as the
mark-to-market values for such Swap Contracts, as determined based upon one or more mid-market or
other readily available quotations provided by any recognized dealer in such Swap Contracts (which
may include a Lender or any Affiliate of a Lender).

     “Swingline Borrowing” means a borrowing of a Swingline Loan hereunder.

     “Swingline Commitment” means the Domestic Swingline Commitment and/or any other
commitments to make Swingline Loans established in respect of other Revolving Commitments
hereunder.

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     “Swingline Lender” means (i) the Domestic Swingline Lender, in the case of Domestic
Swingline Loans, and (ii) the lender identified as the swingline lender in the case of any other
Swingline Loans established hereunder.

     “Swingline Loans” means the Domestic Swingline Loans and/or any other swingline loan
established in respect of the other Revolving Commitments hereunder.

     “Swingline Notes” means the Domestic Swingline Note and/or any other promissory notes
given to evidence Swingline Loans hereunder.

     “Swingline Sublimit” means the Domestic Swingline Sublimit and/or any other sublimit
for other swingline loans established hereunder.

     “Synthetic Lease” means any synthetic lease, tax retention operating lease,
off-balance sheet loan or similar off-balance sheet financing arrangement that is considered
borrowed money indebtedness for tax purposes but is classified as an operating lease under GAAP.

     “TARGET Day” means any day on which the Trans-European Automated Real-time Gross
Settlement Express Transfer (TARGET) payment system (or, if such payment system ceases to be
operative, such other payment system (if any) determined by the Administrative Agent to be a
suitable replacement) is open for the settlement of payments in Euro.

     “Tax Confirmation” shall mean a confirmation by the Administrative Agent,
Lender or L/C Issuer, as applicable, that the person beneficially entitled to interest payable to
that Lender in respect of an advance under a Credit Document is either: (a) a company resident in
the United Kingdom for United Kingdom tax purposes; (b) a partnership each member of which is: (i)
a company so resident in the United Kingdom; or (ii) a company not so resident in the United Kingdom which carries on a
trade in the United Kingdom through a permanent establishment and which brings into account in
computing its chargeable profits (for the purposes of section 11(2) of the Taxes Act) the whole of
any share of interest payable in respect of that advance that falls to it by reason of sections 114
and 115 of the Taxes Act; or (c) a company not so resident in the United Kingdom which carries on
a trade in the United Kingdom through a permanent establishment and which brings into account
interest payable in respect of that advance in computing the chargeable profits (for the purposes
of section 11(2) of the Taxes Act) of that company.

     “Tax Deduction” shall mean a deduction or withholding for or on account of
Taxes from a payment under a Credit Document or Swap Contract.

     “Taxes” means all present or future taxes, levies, imposts, duties, deductions,
withholdings, assessments, fees or other charges imposed by any Governmental Authority, including
any interest, additions to tax or penalties applicable thereto.

     “Taxes Act” shall mean the Income and Corporation Taxes Act 1988.

     “Term Loan” means the Tranche B Term Loan and any term loan established under the
Incremental Credit Facilities.

     “Term Loan Commitments” means (i) the Tranche B Term Loan Commitments, and (ii) any
term loan commitments established under the Incremental Credit Facilities, provided that in
any such case, at any time after funding of the respective term loan, determinations of “Required
Lenders” and required

36

 

lenders for the particular tranche of term loan thereby established shall be
based on the Outstanding Amount of the term loan.

     “Term Loan Notes” means the Tranche B Term Loan Note and any other promissory notes
given to evidence Term Loans hereunder.

     “Tranche B Term Lender” means those Lenders with Tranche B Term Loan Commitments,
together with their successors and permitted assigns. The initial Domestic Revolving Lenders are
identified on the signature pages hereto and are set out in Schedule 2.01.

     “Tranche B Term Loan” has the meaning provided in Section 2.01(d).

     “Tranche B Term Loan Commitment” means, for each Tranche B Term Lender, the commitment
of such Lender to make a portion of the Tranche B Term Loan hereunder; provided that, at
any time after funding of the Tranche B Term Loan, determinations of “Required Lenders” and
“Required Tranche B Term Lenders” shall be based on the Outstanding Amount of the Tranche B Term
Loan.

     “Tranche B Term Loan Commitment Percentage” means, for each Tranche B Term Lender, a
fraction (expressed as a percentage carried to the ninth decimal place), the numerator of which is,
prior to funding of the Tranche B Term Loan, such Lender’s Tranche B Term Loan Committed Amount,
and after funding of the Tranche B Term Loan, is the principal amount of such Lender’s Tranche B
Term Loan, and the denominator of which is, prior to funding of the Tranche B Term Loan, the
aggregate principal amount of the Tranche B Term Loan Commitments, and after funding of the Tranche
B Term Loan, the Outstanding Amount of the Tranche B Term Loan. The initial Tranche B Term Loan
Commitment Percentages are set out in Schedule 2.01.

     “Tranche B Term Loan Committed Amount” means, for each Tranche B Term Lender, the
amount of such Lender’s Tranche B Term Loan Commitment. The initial Tranche B Term Loan Committed
Amounts are set out in Schedule 2.01.

     “Tranche B Term Loan Note” means the promissory notes substantially in the form of
Exhibit 2.13-5, if any, given to evidence the Tranche B Term Loans, as amended, restated,
modified, supplemented, extended, renewed or replaced.

     “Treasury Management Agreement” means any agreement governing the provision of
treasury or cash management services, including deposit accounts, funds transfer, automated
clearinghouse, zero balance accounts, returned check concentration, controlled disbursement,
lockbox, account reconciliation and reporting and trade finance services.

     “Treaty Lender” shall mean a Lender which (a)is treated as a
resident of a Treaty State for the purposes of the Treaty and (b) does not carry on a business in
the United Kingdom through a permanent establishment with which that Lender’s participation in the
Loan is effectively connected.

     “Treaty State” shall mean a jurisdiction having a double taxation
agreement (a Treaty) with the United Kingdom which makes provision for full exemption from tax
imposed by the United Kingdom on interest.

     “Type” means, with respect to any Revolving Loan or any Term Loan, its character as a
Base Rate Loan, a Floating LIBOR Rate Loan or a Fixed LIBOR Rate Loan.

37

 

     “UCC” means the Uniform Commercial Code in effect in any applicable jurisdiction from
time to time.

     “Unfunded Pension Liability” means the excess of a Pension Plan’s benefit liabilities
under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets,
determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section
412 of the Internal Revenue Code for the applicable plan year.

     “United States” or “U.S.” means the United States of America.

     “Wholly Owned” means, with respect to any direct or indirect Subsidiary of any Person,
that 100% of the Capital Stock with ordinary voting power issued by such Subsidiary (other than
directors’ qualifying shares and investments by foreign nationals mandated by applicable Law) is
beneficially owned, directly or indirectly, by such Person.

     1.02 Interpretive Provisions.

     With reference to this Credit Agreement and each other Credit Document, unless otherwise
specified herein or in such other Credit Document:

     (a) The definitions of terms herein shall apply equally to the singular and plural forms of
the terms defined. Whenever the context may require, any pronoun shall include the corresponding
masculine, feminine and neuter forms. The words “include”, “includes” and
“including” shall be deemed to be followed by the phrase “without limitation”. The
word “will” shall be construed to have the same meaning and effect as the word
“shall”. Unless the context requires otherwise, (i) any definition of or reference to any
agreement, instrument or other document (including any Organization Document) shall be construed as
referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments,
supplements or modifications set forth herein or in any other Credit Document), (ii) any reference
herein to any Person shall be construed to include such Person’s successors and assigns, (iii) the
words “herein”, “hereof” and “hereunder”, and words of similar import when
used in any Credit Document, shall be construed to refer to such Credit Document in its entirety
and not to any particular provision thereof, (iv) all references in a Credit Document to
“Articles”, “Sections”, “Exhibits” and “Schedules” shall be
construed to refer to articles and sections of, and exhibits and schedules to, the Credit Document
in which such references appear, (v) any reference to any law shall include all statutory and
regulatory provisions consolidating, amending replacing or interpreting such law and any reference
to any law or regulation shall, unless otherwise specified, refer to such law or regulation as
amended, modified or supplemented from time to time, and (vi) the words “asset” and
“property” shall be construed to have the same meaning and effect and to refer to any and
all tangible and intangible assets and properties, including cash, securities, accounts and
contract rights.

     (b) In the computation of periods of time from a specified date to a later specified date, the
word “from” means “from and including;” the words “to” and “until”
each mean “to but excluding;” and the word “through” means “to and
including.”

     (c) Section headings herein and in the other Credit Documents are included for convenience of
reference only and shall not affect the interpretation of this Credit Agreement or any other Credit
Document.

     (d) In this Agreement, where it relates to a Dutch Obligor, a reference to:

38

 

	 	(i)	 	a winding-up, administration or dissolution includes a Dutch Obligor being:

	 	 	 	(A) declared bankrupt (failliet verklaard); or
	 
	 	 	 	(B) dissolved (ontbonden);

	 	(ii)	 	a moratorium or rearrangement includes surseance van betaling;
	 
	 	(iii)	 	insolvency includes a bankruptcy, a moratorium, the issue of a
notice under section 36(2) of the Dutch 1990 Tax Collection Act
(Invorderingswet 1990) and emergency regulations (noodregeling) under the Dutch
Financial Supervision Act (Wet op het Financieel Toezicht);
	 
	 	(iv)	 	a trustee in bankruptcy includes a curator;
	 
	 	(v)	 	an administrator includes a bewindvoerder;
	 
	 	(vi)	 	“security” includes any mortgage (hypotheek), pledge
(pandrecht), retention of title arrangement (eigendomsvoorbehoud), right of
retention (recht van retentie), right to reclaim goods (recht van reclame),
and, in general, any right in rem (beperkt recht), created for the purpose of
granting security (goederenrechtelijk zekerheidsrecht);
	 
	 	(vii)	 	an attachment includes a beslag; and
	 
	 	(viii)	 	a subsidiary includes a dochtermaatschappij as defined in Article 2:24a of
the Dutch Civil Code.

     1.03 Accounting Terms and Provisions.

     (a) All accounting terms not specifically or completely defined herein shall be construed in
conformity with, and all financial data (including financial ratios and other financial
calculations) required to be submitted pursuant to this Credit Agreement shall be prepared in
conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a
manner consistent with that used in preparing the audited financial statements referenced in
Section 5.01(c), except as otherwise specifically prescribed herein.

     (b) Notwithstanding any provision herein to the contrary, determinations of (i) the applicable
pricing level under the definition of “Applicable Percentage” and (ii) compliance with the
financial covenants shall be made on a Pro Forma Basis.

     (c) EWI will provide a written summary of material changes in GAAP or in the consistent
application thereof with each annual and quarterly Compliance Certificate delivered in accordance
with Section 7.02(b). If at any time any change in GAAP or in the consistent application
thereof would affect the computation of any financial ratio or requirement set forth in any Credit
Document, and either EWI or the Required Lenders shall object in writing to determining compliance
based on such change, then such computations shall continue to be made on a basis consistent with
the most recent financial statements delivered pursuant to Section 7.01(a) or (b)
as to which no such objection has been made.

     (d) All references herein to consolidated financial statements of the Consolidated Group or to
the determination of any amount for the Consolidated Group on a consolidated basis or any similar
reference shall, in each case, be deemed to include each variable interest entity that EWI is
required to

39

 

consolidate pursuant to FASB Interpretation No. 46 — Consolidation of Variable
Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest
entity were a Subsidiary as defined herein.

     1.04 Rounding.

     Any financial ratios required to be maintained pursuant to this Credit Agreement shall be
calculated by dividing the appropriate component by the other component, carrying the result to one
place more than the number of places by which such ratio is expressed herein and rounding the
result up or down to the nearest number (with a rounding-up if there is no nearest number).

 

     1.05 Exchange Rates; Currency Equivalents.

     (a) The Administrative Agent or the applicable L/C Issuer, as applicable, shall determine the
Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of
Credit Extensions and Outstanding Amounts denominated in currencies other than Dollars. Such Spot
Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in
converting any amounts between the applicable currencies until the next Revaluation Date to occur.
Except for purposes of financial statements delivered by Credit Parties hereunder or calculating
financial covenants hereunder or except as otherwise provided herein, the applicable amount of any
currency (other than Dollars) for purposes of the Credit Documents shall be such Dollar Equivalent
amount as so determined by the Administrative Agent or the applicable L/C Issuer, as applicable.

     (b) Wherever in this Credit Agreement in connection with a Borrowing, conversion, continuation
or prepayment of a Fixed LIBOR Rate Loan or the issuance, amendment or extension of a Letter of
Credit, an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such
Borrowing, Fixed LIBOR Rate Loan or Letter of Credit is denominated in currencies other than Dollars, such amount shall be the relevant Alternative Currency Equivalent of such Dollar
amount (rounded to the nearest unit of such Alternative Currency, with 0.5 of a unit being rounded
upward), as determined by the Administrative Agent or the applicable L/C Issuer, as the case may
be.

 

     1.06 Additional Alternative Currencies.

     (a) A F/X Borrower may from time to time request that Fixed LIBOR Rate Loans be made and/or
Letters of Credit be issued in a currency other than those specifically listed in the definition of
“Alternative Currency;” provided that such requested currency is a lawful currency (other
than Dollars) that is readily available and freely transferable and convertible into Dollars. In
the case of any such request with respect to the making of Fixed LIBOR Rate Loans, such request
shall be subject to the approval of the Administrative Agent and the Lenders; and in the case of
any such request with respect to the issuance of Letters of Credit, such request shall be subject
to the approval of the Administrative Agent and the applicable L/C Issuer.

     (b) Any such request shall be made to the Administrative Agent not later than 11:00 a.m., 20
Business Days prior to the date of the desired Credit Extension (or such other time or date as may
be agreed by the Administrative Agent and, in the case of any such request pertaining to Letters of
Credit, the applicable L/C Issuer, in its or their sole discretion). In the case of any such
request pertaining to Fixed LIBOR Rate Loans, the Administrative Agent shall promptly notify each
Lender thereof; and in the case of any such request pertaining to Letters of Credit, the
Administrative Agent shall promptly notify the applicable L/C Issuer thereof. Each Lender (in the
case of any such request pertaining to Fixed LIBOR Rate Loans) or the applicable L/C Issuer (in the
case of a request pertaining to Letters of Credit) shall notify the Administrative Agent, not later
than 11:00 a.m., ten Business Days after receipt of such

40

 

request whether it consents, in its sole discretion, to the making of Fixed LIBOR Rate Loans or the issuance of Letters of Credit, as the
case may be, in such requested currency.

     (c) Any failure by a Lender or the applicable L/C Issuer, as the case may be, to respond to
such request within the time period specified in the preceding sentence shall be deemed to be a
refusal by such Lender or the applicable L/C Issuer, as the case may be, to permit Fixed LIBOR Rate
Loans to be made or Letters of Credit to be issued in such requested currency. If the
Administrative Agent and all the Lenders consent to making Fixed LIBOR Rate Loans in such requested
currency, the Administrative Agent shall so notify such F/X Borrower and such currency shall
thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any
Borrowings of Fixed LIBOR Rate Loans; and if the Administrative Agent and the applicable L/C Issuer
consent to the issuance of Letters of Credit in such requested currency, the Administrative Agent
shall so notify such F/X Borrower and such currency shall thereupon be deemed for all purposes to
be an Alternative Currency hereunder for purposes of any Letter of Credit issuances. If the
Administrative Agent shall fail to obtain consent to any request for an additional currency under
this Section 1.05, the Administrative Agent shall promptly so notify such F/X Borrower.

     1.07 Change of Currency.

     (a) Each obligation of the Borrowers to make a payment denominated in the national currency
unit of any member state of the European Union that adopts the Euro as its lawful currency after
the date hereof shall be redenominated into Euro at the time of such adoption (in accordance with
the EMU Legislation). If, in relation to the currency of any such member state, the basis of
accrual of interest expressed in this Credit Agreement in respect of that currency shall be
inconsistent with any convention or practice in the London interbank market for the basis of
accrual of interest in respect of the Euro, such expressed basis shall be replaced by such
convention or practice with effect from the date on which such member state adopts the Euro as its
lawful currency; provided that if any Borrowing in the currency of such member state is outstanding immediately prior to such date, such replacement shall take
effect, with respect to such Borrowing, at the end of the then current Interest Period.

     (b) Each provision of this Credit Agreement shall be subject to such reasonable changes of
construction as the Administrative Agent may from time to time specify to be appropriate to reflect
the adoption of the Euro by any member state of the European Union and any relevant market
conventions or practices relating to the Euro.

     (c) Each provision of this Credit Agreement also shall be subject to such reasonable changes
of construction as the Administrative Agent may from time to time specify to be appropriate to
reflect a change in currency of any other country and any relevant market conventions or practices
relating to the change in currency.

 

     1.08 Times of Day.

     Unless otherwise specified, all references herein to times of day shall be references to
Central time (daylight savings or standard, as applicable).

     1.09 Letter of Credit Amounts.

     Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be
deemed to be the Dollar Equivalent of the stated amount of such Letter of Credit in effect at such
time; provided, however, that with respect to any Letter of Credit that, by its
terms or the terms of any Issuer Document related thereto, provides for one or more automatic
increases in the stated amount thereof, the amount of

41

 

such Letter of Credit shall be deemed to be
the Dollar Equivalent of the maximum stated amount of such Letter of Credit after giving effect to
all such increases, whether or not such maximum stated amount is in effect at such time.

     1.10 Limitation on Obligations of Foreign Credit Parties.

     Notwithstanding anything set forth in this Credit Agreement or any other Credit Document to
the contrary, no Foreign Credit Party and/or Foreign Subsidiary shall at any time be liable,
directly or indirectly, for any portion of the Domestic Obligations, including, without limitation,
the principal of the Domestic Revolving Loan or any interest thereon or fees payable with respect
thereto (and the Domestic Credit Parties are solely liable for such Obligations), and no Property
of any Foreign Credit Party and/or Foreign Subsidiary shall at any time serve, directly or
indirectly, as Collateral or any other type of collateral or security for any portion of the
Domestic Obligations.

 

ARTICLE II

COMMITMENTS AND CREDIT EXTENSIONS

     2.01 Commitments.

     (a) Domestic Revolving Commitments. During the Commitment Period,

     (i) Domestic Revolving Loans. The Domestic Revolving Lenders severally agree
to make revolving credit loans (the “Domestic Revolving Loans”) to the Domestic
Borrowers in Dollars, from time to time, on any Business Day, in an aggregate principal
amount of up to NINETY MILLION DOLLARS ($90,000,000) (as such amount may be increased or decreased in
accordance with the provisions hereof, the “Aggregate Domestic Revolving Committed
Amount”);

     (ii) Domestic Letters of Credit. (A) The Domestic L/C Issuer, in reliance upon
the commitments of the Domestic Revolving Lenders set forth herein, agrees (I) to issue
Domestic Letters of Credit denominated in Dollars for the account of the Domestic Borrowers
or any member of the Consolidated Group on any Business Day, (II) to amend or extend
Domestic Letters of Credit previously issued hereunder, and (III) to honor drawings under
Domestic Letters of Credit; and (B) the Domestic Revolving Lenders severally agree to
purchase from the Domestic L/C Issuer a participation interest in the Existing Domestic
Letters of Credit and Domestic Letters of Credit issued hereunder in an amount equal to such
Lender’s Domestic Revolving Commitment Percentage thereof, in an aggregate principal amount
up to NINETY MILLION DOLLARS ($90,000,000) (as such amount may be decreased in accordance
with the provisions hereof, the “Domestic L/C Sublimit”), provided that the
Outstanding Amount of Domestic L/C Obligations shall not exceed the Domestic L/C Sublimit;

     (iii) Domestic Swingline Loans. The Domestic Swingline Lender agrees, in
reliance upon the commitments of the other Domestic Revolving Lenders set forth herein, to
make revolving credit loans (the “Domestic Swingline Loans”) to the Domestic
Borrowers on any Business Day in an aggregate principal amount of up to FIFTEEN MILLION
DOLLARS ($15,000,000) (as such amount may be decreased in accordance with the provisions
hereof, the “Domestic Swingline Sublimit”), provided that the Outstanding
Amount of Domestic Swingline Loans shall not exceed the Domestic Swingline Sublimit;

42

 

and, provided further that, in each such case, (A) the aggregate Outstanding Amount
of Domestic Revolving Loan Obligations shall not exceed the Aggregate Domestic Revolving Committed
Amount, (B) with regard to each Domestic Revolving Lender individually, such Lender’s Domestic
Revolving Percentage of Domestic Revolving Loan Obligations shall not exceed its respective
Domestic Revolving Committed Amount, (C) the aggregate Outstanding Amount of all Domestic Revolving
Loan Obligations made to or for the Designated Borrowers shall not exceed their respective
Designated Borrower Limit, and (D) the sum of the Outstanding Amount of Domestic Revolving Loan
Obligations plus the Outstanding Amount of F/X Revolving Loan Obligations shall not exceed NINETY
MILLION DOLLARS ($90,000,000) (the “Aggregate Domestic and F/X Revolving Committed
Amount”).

     (iv) Additional Provisions Relating to Domestic Revolving Loans. Domestic
Revolving Loans may consist of Base Rate Loans, Floating LIBOR Rate Loans and Fixed LIBOR
Rate Loans, or a combination thereof, as the Domestic Borrowers may request, and may be
repaid and reborrowed in accordance with the provisions hereof.

     (v) Additional Provisions Relating to Domestic Letters of Credit. Subject to
the terms and conditions hereof, each Domestic Borrower’s ability to obtain Domestic Letters
of Credit shall be fully revolving, and accordingly each Domestic Borrowers may obtain
Domestic Letters of Credit to replace Domestic Letters of Credit that have expired or that
have been drawn upon and reimbursed. Existing Domestic Letters of Credit shall be deemed to
have been issued hereunder and shall be subject to and governed by the terms and conditions
hereof.

     (vi) Additional Provisions Relating to Domestic Swingline Loans. Domestic
Swingline Loans shall be comprised solely of Base Rate Loans and may be repaid and
reborrowed in accordance with the provisions hereof. Immediately upon the making of a
Domestic Swingline Loan, each Lender shall be deemed to, and hereby
irrevocably and unconditionally agrees to, purchase from the Domestic Swingline Lender a participation
interest in such Domestic Swingline Loan in an amount equal to the product of such Lender’s
Domestic Revolving Commitment Percentage thereof.

     (b) F/X Revolving Commitments. During the Commitment Period,

     (i) F/X Revolving Loans. The F/X Revolving Lenders severally agree to make
revolving credit loans (the “F/X Revolving Loans”) to the F/X Borrowers in Dollars
and in Alternative Currencies, from time to time, on any Business Day, in an aggregate
principal amount of up to NINETY MILLION DOLLARS ($90,000,000) (as such amount may be
increased or decreased in accordance with the provisions hereof, the “Aggregate F/X
Revolving Committed Amount”);

     (ii) F/X Letters of Credit. (A) The F/X L/C Issuer, in reliance upon the
commitments of the F/X Revolving Lenders set forth herein, agrees (I) to issue F/X Letters
of Credit denominated in Dollars and in Alternative Currencies for the account of the F/X
Borrowers on any Business Day, (II) to amend or extend F/X Letters of Credit previously
issued hereunder, and (III) to honor drawings under F/X Letters of Credit; and (B) the F/X
Revolving Lenders severally agree to purchase from the F/X L/C Issuer a participation
interest in the Existing F/X Letters of Credit and F/X Letters of Credit issued hereunder in
an amount equal to such Lender’s F/X Revolving Commitment Percentage thereof, in an
aggregate principal amount up to NINETY MILLION DOLLARS ($90,000,000) (as such amount may be
decreased in accordance with the provisions hereof, the “F/X L/C Sublimit”),
provided that the Outstanding Amount of F/X L/C Obligations shall not exceed the F/X
L/C Sublimit;

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and, provided further that, in each such case, (A) the aggregate Outstanding Amount
of F/X Revolving Loan Obligations shall not exceed the Aggregate F/X Revolving Committed Amount,
(B) with regard to each F/X Revolving Lender individually, such Lender’s F/X Revolving Percentage
of F/X Revolving Loan Obligations shall not exceed its respective F/X Revolving Loan Committed
Amount, (C) the aggregate Outstanding Amount of all F/X Revolving Loan Obligations made to or for
the Designated Borrowers shall not exceed their respective Designated Borrower Limit, and (D) the
sum of the Outstanding Amount of Domestic Revolving Loan Obligations plus the Outstanding Amount of
F/X Revolving Loan Obligations shall not exceed the Aggregate Domestic and F/X Revolving Committed
Amount.

     (iii) Additional Provisions Relating to F/X Revolving Loans. F/X Revolving
Loans may be comprised of Fixed LIBOR Rate Loans only and may be repaid and reborrowed in
accordance with the provisions hereof.

     (iv) Additional Provisions Relating to F/X Letters of Credit. Subject to the
terms and conditions hereof, each F/X Borrower’s ability to obtain F/X Letters of Credit
shall be fully revolving, and accordingly each F/X Borrower may obtain F/X Letters of Credit
to replace F/X Letters of Credit that have expired or that have been drawn upon and
reimbursed. Existing F/X Letters of Credit shall be deemed to have been issued hereunder
and shall be subject to and governed by the terms and conditions hereof.

     (c) India Revolving Commitments. During the Commitment Period,

     (i) India Revolving Loans. The India Revolving Lenders severally agree to make
revolving credit loans (the “India Revolving Loans”) to the India Borrowers in
Rupees, from time to time, on any Business Day, in an aggregate principal amount of up to
TEN MILLION DOLLARS ($10,000,000) (as such amount may be increased or decreased in accordance with
the provisions hereof, the “Aggregate India Revolving Committed Amount”);

     (ii) India Letters of Credit. (A) The India L/C Issuer, in reliance upon the
commitments of the India Revolving Lenders set forth herein, agrees (I) to issue India
Letters of Credit denominated in Rupees for the account of the India Borrowers on any
Business Day, (II) to amend or extend India Letters of Credit previously issued hereunder,
and (III) to honor drawings under India Letters of Credit; and (B) the India Revolving
Lenders severally agree to purchase from the India L/C Issuer a participation interest in
the Existing India Letters of Credit and India Letters of Credit issued hereunder in an
amount equal to such Lender’s India Revolving Commitment Percentage thereof, in an aggregate
principal amount up to TEN MILLION DOLLARS ($10,000,000) (as such amount may be decreased in
accordance with the provisions hereof, the “India L/C Sublimit”), provided
that the Outstanding Amount of India L/C Obligations shall not exceed the India L/C
Sublimit;

and, provided further that, in each such case, (A) the aggregate Outstanding Amount
of India Revolving Obligations shall not exceed the Aggregate India Revolving Committed Amount, (B)
with regard to each India Revolving Lender individually, such Lender’s India Revolving Percentage
of India Revolving Obligations shall not exceed its respective India Revolving Committed Amount,
and (C) the aggregate Outstanding Amount of all India Revolving Obligations made to or for the
Designated Borrowers shall not exceed their respective Designated Borrower Limit.

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     (iii) Additional Provisions Relating to India Revolving Loans. India Revolving
Loans may be comprised of Fixed LIBOR Rate Loans only and may be repaid and reborrowed in
accordance with the provisions hereof.

     (iv) Additional Provisions Relating to India Letters of Credit. Subject to the
terms and conditions hereof, each India Borrower’s ability to obtain India Letters of Credit
shall be fully revolving, and accordingly each India Borrower may obtain India Letters of
Credit to replace India Letters of Credit that have expired or that have been drawn upon and
reimbursed. Existing India Letters of Credit shall be deemed to have been issued hereunder
and shall be subject to and governed by the terms and conditions hereof.

     (d) Tranche B Term Loan. On the Closing Date, each of the Tranche B Term Lenders
severally agrees to make its portion of a term loan (in the amount of its respective Tranche B Term
Loan Committed Amount) to EWI in a single advance in an aggregate principal amount of ONE HUNDRED
NINETY MILLION DOLLARS ($190,000,000) (the “Tranche B Term Loan”). The Tranche B Term Loan
may consist of Base Rate Loans, Fixed LIBOR Rate Loans or a combination thereto, as EWI may
request. Amounts repaid on the Tranche B Term Loan may not be reborrowed.

     (e) Incremental Credit Facilities. At any time on or after the Closing Date, the
Borrowers may, on written notice to the Administrative Agent, establish additional credit
facilities (collectively, the “Incremental Credit Facilities”) by increasing the Aggregate
Domestic Revolving Committed Amount, the Aggregate F/X Revolving Committed Amount, the Aggregate
Domestic and F/X Revolving Committed Amount, the Aggregate India Revolving Committed Amount or the
amount of the Tranche B Term Loan as provided in Section 2.01(f), or establishing one or
more new term loans, or some combination thereof ; provided that:

     (i) no Default shall have occurred and be continuing or shall result after giving
effect to the Incremental Credit Facility;

     (ii) the conditions to all Credit Extensions in Section 5.02 shall have been
satisfied;

     (iii) EWI will provide (A) a compliance certificate from a Responsible Officer
confirming that no Default shall exist immediately before or immediately after giving effect
to the establishment of the Incremental Credit Facility and demonstrating compliance with
the financial covenants hereunder after giving effect to the Incremental Credit Facility
(assuming, for purposes hereof, that the Incremental Credit Facility is fully drawn and
funded), and (b) supporting resolutions, legal opinions, promissory notes and other items as
may be reasonably required by the Administrative Agent and the Lenders providing the
commitments for the Incremental Credit Facility;

     (iv) upfront fees, if any, in respect of the new commitments so established, shall be
paid;

     (v) to the extent reasonably necessary in the judgment of the Administrative Agent,
amendments to each of the Collateral Documents, if any, and related documents or agreements
shall have been made, in each case in a manner satisfactory to the Administrative Agent.

     In connection with establishment of any Incremental Credit Facility, (A) none of the Lenders
or their affiliates shall have any obligation to provide commitments or loans for any Incremental
Credit Facility without their prior written approval, (B) neither the Administrative Agent nor the
Arranger shall have any responsibility for arranging any such additional commitments without their
prior written consent

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and subject to such conditions, including fee arrangements, as they may
provide in connection therewith and (C) Schedule 2.01 will be deemed to be revised to
reflect the Lenders, Loans, Commitments and pro rata shares after giving effect to establishment of
any Incremental Credit Facility.

     (f) Additional Conditions for Incremental Credit Facilities. Subject to Section
2.01(e), the Borrowers may establish Incremental Credit Facilities; provided that:

     (i) the sum of the Aggregate Revolving Committed Amounts plus the aggregate amount of
the Term Loan Commitments will not exceed FOUR HUNDRED SIXTY-FIVE MILLION DOLLARS
($465,000,000);

     (ii) after giving effect to all such increases, (A) the Aggregate Domestic Revolving
Committed Amount will not exceed ONE HUNDRED FIFTEEN MILLION DOLLARS ($115,000,000), (B) the
Aggregate F/X Revolving Committed Amount will not exceed ONE HUNDRED FIFTEEN MILLION DOLLARS
($115,000,000), (C) the Aggregate Domestic and F/X Revolving Committed Amount will not
exceed ONE HUNDRED FIFTEEN MILLION DOLLARS ($115,000,000) and (D) the aggregate amount of
Tranche B Term Loan Commitments will not exceed THREE HUNDRED FORTY MILLION DOLLARS
($340,000,000);

     (iii) such increase shall be in a minimum amount of $5 million and integral multiples
of $1 million in excess thereof, in the case of Revolving Commitments, and, in the case of
Term Loan Commitments, $25 million and integral multiples of $5 million in excess thereof;

     (iv) any new lender providing additional commitments pursuant to this subsection must
be reasonably acceptable to the Administrative Agent and, in the case of an increase in the
Revolving Commitments, also to the L/C Issuers and the Swing Line Lender, as appropriate;

     (v) lenders providing additional commitments pursuant to this subsection will provide a
Lender Joinder Agreement and such other agreements reasonably acceptable to the
Administrative Agent;

     (vi) if any Revolving Loans or Tranche B Term Loans, as appropriate, are outstanding at
the time of any such increase, the Borrowers will make such payments and adjustments on the
subject Loans (including payment of any break-funding amounts owing under Section
3.05) as may be necessary to give effect to the revised commitment amounts and
percentages; and

     (vii) in the case of an increase in the amount of the Tranche B Term Loan after the
first principal amortization payment date, adjustments will be made to the schedule of
amortization payment provided in Section 2.07(c), as appropriate, to give effect
thereto such that the interest in payments of principal, interest and other amounts will be
made on the same basis as for the underlying Tranche B Term Loan such that the principal
amortization payments made to the holders of the Tranche B Term Loan will be not less than
that which was payable prior to giving effect to the Incremental Credit Facility.

     2.02 Borrowings, Conversions and Continuations.

     (a) Each Borrowing, each conversion of Loans from one Type to the other, and each continuation
of Fixed LIBOR Rate Loans shall be made upon a Borrower’s irrevocable notice to the

46

 

Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative
Agent not later than

     (i) Domestic Revolving Loans. (A) 11:00 a.m. on the day of the requested
Borrowing, in the case of a Borrowing of, or conversion into, Domestic Revolving Loans in
Dollars that are Base Rate Loans or Floating LIBOR Rate Loans; and (B) 11:00 a.m. three
Business Days prior to the requested date of a Borrowing of, or conversion into, Domestic
Revolving Loans in Dollars that are Fixed LIBOR Rate Loans.

     (ii) F/X Revolving Loans. 11:00 a.m. four Business Days prior to the requested
date of a Borrowing of, or conversion into, F/X Revolving Loans in Alternative Currencies
that are Fixed LIBOR Rate Loans (or five Business Days prior to the requested date in the
case of Special Notice Currency).

     (iii) India Revolving Loans. 11:00 a.m. (Mumbai time) three Business Days
prior to the requested date of a Borrowing of, or conversion into, India Revolving Loans in
Rupees that are Fixed LIBOR Rate Loans.

     (iv) Term Loans. (A) 11:00 a.m. on the day of the requested Borrowing, in the
case of a Borrowing of, or conversion into, Term Loans in Dollars that are Base Rate Loans
or Floating LIBOR Rate Loans; and (B) 11:00 a.m. three Business Days prior to the requested
date of a Borrowing of, or conversion into, Term Loans in Dollars that are Fixed LIBOR Rate
Loans.

     (b) Each telephonic notice by a Borrower pursuant to this Section 2.02(b) must be
confirmed promptly by delivery to the Administrative Agent of a written Loan Notice, appropriately
completed and signed by a Responsible Officer of such Borrower. Except as provided in Sections
2.03(c) and 2.04(a), each Borrowing, conversion or continuation shall be a minimum
principal amount of:

     (i) Domestic Revolving Loans. (A) $500,000 and whole multiples of $100,000 in
excess thereof in the case of Domestic Revolving Loans in Dollars that are Base Rate Loans
or Floating LIBOR Rate Loans, and (B) $2 million and whole multiples of $1 million in excess
thereof in the case of Domestic Revolving Loans in Dollars that are Fixed LIBOR Rate Loans.

     (ii) F/X Revolving Loans. $2 million and whole multiples of $1 million in
excess thereof in the case of F/X Revolving Loans.

     (iii) India Revolving Loans. $1 million and whole multiples of $500,000 in
excess thereof in the case of India Revolving Loans.

     (iv) Term Loans. $5 million and whole multiples of $1 million in excess
thereof in the case of Term Loans.

     Each Loan Notice (whether telephonic or written) shall specify (i) whether the applicable
Borrower’s request is with respect to Revolving Loans or Term Loans, and which Type, (ii) whether
such request is for a Borrowing, conversion, or continuation, (iii) the requested date of such
Borrowing, conversion or continuation (which shall be a Business Day), (iv) the principal amount of
Loans to be borrowed, converted or continued, (v) the Type of Loans to be borrowed, converted or
continued, (vi) if applicable, the duration of the Interest Period with respect thereto and (vii)
the currency of the Loans to be borrowed. If a Borrower fails to specify a currency in a Loan
Notice requesting a Borrowing, then the Loans so requested shall be made in Dollars. If a Borrower
fails to specify a Type of Loan in a Loan Notice or if a Borrower fails to give a timely notice
requesting a conversion or continuation, then the

47

 

applicable Loans shall be made as, or converted
to, Base Rate Loans; provided, however, that in the case of a failure to timely request a
continuation of Loans denominated in currencies other than Dollars, such Loans shall be continued
as Fixed LIBOR Rate Loans in their original currency with an Interest Period of one month. Any
automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest
Period then in effect with respect to the applicable Fixed LIBOR Rate Loans. If a Borrower
requests a Borrowing of, conversion to, or continuation of Fixed LIBOR Rate Loans in any Loan
Notice, but fails to specify an Interest Period, the Interest Period will be deemed to be one
month. No Loan may be converted into or continued as a Loan denominated in a different currency,
but instead must be prepaid in the original currency of such Loan and reborrowed in the other
currency.

     (c) Following receipt of a Loan Notice, the Administrative Agent shall promptly notify each
Lender of the amount (and currency) of its pro rata share of the applicable Loans, and if no timely
notice of a conversion or continuation is provided by a Borrower, the Administrative Agent shall
notify each Lender of the details of any automatic conversion to Base Rate Loans or continuation of
Loans denominated in a currency other than Dollars, in each case as described in the preceding
subsection. In the case of a Borrowing, each Lender shall make the amount of its Loan available to
the Administrative Agent in Same Day Funds at the Administrative Agent’s Office for the applicable
currency not later than 1:00 p.m., in the case of any Loan denominated in Dollars, and not later
than the Applicable Time specified by the Administrative Agent in the case of any Loan in
currencies other than Dollars, in each case on the Business Day specified in the applicable Loan
Notice. Upon satisfaction of the applicable conditions set forth in Section 5.02 (and, if
such Borrowing is the initial Credit Extension, Section 5.01), the Administrative Agent
shall make all funds so received available to the applicable Borrower in like funds as received by
the Administrative Agent either by (i) crediting the account of the applicable Borrower on the
books of Bank of America with the amount of such funds or (ii) wire transfer of such funds, in each
case in accordance with instructions provided to (and reasonably acceptable to) the Administrative
Agent by such Borrower; provided, however, that if, on the date of such Borrowing
denominated in Dollars there are L/C Borrowings outstanding, then the proceeds of such Borrowing,
first, shall be applied to the payment in full of any such L/C Borrowings, and second, shall
be made available to such Borrower as provided above.

     (d) Except as otherwise provided herein, without the consent of the Required Lenders, (i) a
Fixed LIBOR Rate Loan may be continued or converted only on the last day of an Interest Period for
such Fixed LIBOR Rate Loan and (ii) any conversion into, or continuation as, a Fixed LIBOR Rate
Loan may be made only if the conditions to Credit Extensions in Section 5.02 have been
satisfied. During the existence of a Default or Event of Default, (i) no Loan may be requested as,
converted to or continued as a Fixed LIBOR Rate Loan (whether in Dollars or any other currency) and
(ii) at the request of the Required Lenders, any outstanding Domestic Revolving Loan that is a
Fixed LIBOR Rate Loan shall be converted to a Base Rate Loan on the last day of the Interest Period
with respect thereto.

     (e) The Administrative Agent shall promptly notify the Borrowers and the Lenders of the
interest rate applicable to any Interest Period for Fixed LIBOR Rate Loans upon determination of
such interest rate. The determination of the Fixed LIBOR Rate by the Administrative Agent shall be
conclusive in the absence of manifest error. At any time that Base Rate Loans or Floating LIBOR
Rate Loans are outstanding, the Administrative Agent shall notify the Borrowers and the Lenders of
any change in Bank of America’s prime rate used in determining the Base Rate promptly following the
public announcement of such change, in the case of Base Rate Loans, and of the Floating LIBOR Rate
established at the beginning of each month and any changes made to such rate during the month
promptly on establishment or change, as appropriate.

     (f) After giving effect to all Borrowings, all conversions of Revolving Loans from one Type to
the other, and all continuations of Revolving Loans as the same Type, at any time there shall not
be

48

 

more than (i) six (6) Interest Periods in effect, in the case of Domestic Revolving Loans, (ii)
six (6) Interest Periods in effect, in the case of F/X Revolving Loans, (iii) three (3) Interest
Periods in effect, in the case of India Revolving Loans, and (iv) four (4) Interest Periods in
effect, in the case of the Tranche B Term Loan.

     2.03 Additional Provisions with respect to Letters of Credit.

     (a) Obligation to Issue or Amend.

     (i) The L/C Issuers shall not issue any Letter of Credit if:

     (A) subject to Section 2.03(b)(iii), the expiry date of such requested
Letter of Credit would occur more than twelve months after the date of issuance or
last extension, unless the Required Lenders for the respective facility hereunder
have approved such expiry date; or

     (B) the expiry date of such requested Letter of Credit would occur after the
L/C Expiration Date, unless all the respective Lenders have approved such expiry
date;

     (ii) The L/C Issuers shall not be under any obligation to issue any Letter of Credit
if:

     (A) any order, judgment or decree of any Governmental Authority or arbitrator
shall by its terms purport to enjoin or restrain the applicable L/C Issuer from
issuing such Letter of Credit, or any Law applicable to applicable L/C Issuer or any
request or directive (whether or not having the force of law) from any Governmental
Authority with jurisdiction over the applicable L/C Issuer shall prohibit, or
request that the applicable L/C Issuer refrain from, the issuance of letters of
credit generally or such Letter of Credit in particular or shall impose upon the applicable L/C Issuer
with respect to such Letter of Credit any restriction, reserve or capital
requirement (for which the applicable L/C Issuer is not otherwise compensated
hereunder) not in effect on the Closing Date, or shall impose upon the applicable
L/C Issuer any unreimbursed loss, cost or expense that was not applicable on the
Closing Date and that the applicable L/C Issuer in good faith deems material to it;

     (B) the issuance of such Letter of Credit would violate any Law or one or more
policies of the applicable L/C Issuer applicable to letters of credit generally;

     (C) except as otherwise agreed by the applicable L/C Issuer and the
Administrative Agent, such Letter of Credit is in an initial stated amount less than
$1 million.

     (D) except as otherwise agreed by the Administrative Agent, such Letter of
Credit is to be denominated in a currency other than (i) Dollars, in the case of
Letters of Credit issued under the Domestic Revolving Commitments, (ii) Dollars and
Alternative Currencies, in the case of Letters of Credit issued under the F/X
Revolving Commitments, and (iii) Rupees, in the case of Letters of Credit issued
under the India Revolving Commitments;

     (E) the applicable L/C Issuer does not as of the issuance date of such
requested Letter of Credit issue Letters of Credit in the requested currency; or

49

 

     (F) a default of any Lender’s obligations to fund under Section 2.03(c)
exists or any Lender is at such time a Defaulting Lender, unless the applicable L/C
Issuer has entered into satisfactory arrangements with the applicable Borrower or
such Lender to eliminate the applicable L/C Issuer’s risk with respect to such
Lender.

     (iii) The L/C Issuers shall not amend any Letter of Credit if the applicable L/C Issuer
would not be permitted at such time to issue such Letter of Credit in its amended form under
the terms hereof.

     (iv) The L/C Issuers shall not be under any obligation to amend any Letter of Credit
if:

     (A) the applicable L/C Issuer would have no obligation at such time to issue
such Letter of Credit in its amended form under the terms hereof; or

     (B) the beneficiary of such Letter of Credit does not accept the proposed
amendment to such Letter of Credit.

     (v) The L/C Issuers shall act on behalf of the Lenders with respect to any Letters of
Credit issued by them and the documents associated therewith, and the L/C Issuers shall have
all of the benefits and immunities (A) provided to the Administrative Agent in Article
X with respect to any acts taken or omissions suffered by the L/C Issuers in connection
with Letters of Credit issued by them or proposed to be issued by them and Issuer Documents
pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used
in Article X included the L/C Issuers with respect to such acts or omissions, and
(B) as additionally provided herein with respect to the L/C Issuers.

     (b) Procedures for Issuance and Amendment; Auto-Extension Letters of Credit.

     (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the
request of the applicable Borrower delivered to the applicable L/C Issuer (with a copy to
the Administrative Agent) in the form of a L/C Application, appropriately completed and
signed by a Responsible Officer. Such L/C Application must be received by the applicable
L/C Issuer and the Administrative Agent (not later than (A) 11:00 a.m. at least two Business
Days prior to the proposed date of the issuance, extension or amendment, in the case of
Letters of Credit denominated in Dollars, and (B) 11:00 a.m. at least ten Business Days
prior to the proposed date of the issuance, extension or amendment, in the case of Letters
of Credit denominated in currencies other than Dollars (or, in each case, such later date
and time as the applicable L/C Issuer and the Administrative Agent may agree in a particular
instance in their sole discretion). In the case of a request for an initial issuance of a
Letter of Credit, such L/C Application shall specify in form and detail satisfactory to the
applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit
(which shall be a Business Day); (B) the amount and currency thereof; (C) the expiry date
thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be
presented by such beneficiary in case of any drawing thereunder; (F) the full text of any
certificate to be presented by such beneficiary in case of any drawing thereunder; (G) the
purpose and nature of the requested Letter of Credit and (H) such other matters as the
applicable L/C Issuer may require. In the case of a request for an amendment of any
outstanding Letter of Credit, such L/C Application shall specify in form and detail
satisfactory to the applicable L/C Issuer (A) the Letter of Credit to be amended; (B) the
proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the
proposed amendment; and (D) such other matters as the applicable L/C Issuer may require.
Additionally, such

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Borrower shall furnish to the applicable L/C Issuer and the
Administrative Agent such other documents and information pertaining to such requested
Letter of Credit issuance or amendment, including any Issuer Documents, as the applicable
L/C Issuer or the Administrative Agent may require.

     (ii) Promptly after receipt of any L/C Application, the applicable L/C Issuer will
confirm with the Administrative Agent (by telephone or in writing) that the Administrative
Agent has received a copy of such L/C Application from the applicable Borrower and, if not,
the applicable L/C Issuer will provide the Administrative Agent with a copy thereof. Unless
the applicable L/C Issuer has received written notice from the Administrative Agent, any
Lender or any Credit Party, at least one Business Day prior to the requested date of
issuance or amendment of the applicable Letter of Credit, that one or more applicable
conditions contained in Article V shall not then be satisfied, then, subject to the
terms and conditions hereof, the applicable L/C Issuer shall, on the requested date, issue a
Letter of Credit for the account of the applicable Borrower (or Subsidiary) or enter into
the applicable amendment, as the case may be, in each case in accordance with the applicable
L/C Issuer’s usual and customary business practices. Immediately upon the issuance of each
Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally
agrees to, purchase from the applicable L/C Issuer a risk participation in such Letter of
Credit in an amount equal to such Lender’s Revolving Commitment Percentage thereof.

     (iii) If a Borrower so requests in any applicable L/C Application, the applicable L/C
Issuer may, in its sole and absolute discretion, agree to issue a Letter of Credit that has
automatic extension provisions (each, an “Auto-Extension Letter of Credit”);
provided that any such Auto-Extension Letter of Credit must permit the applicable
L/C Issuer to prevent any such extension at least once in each twelve-month period
(commencing with the date of issuance of such Letter of Credit) by giving prior notice to
the beneficiary thereof not later than a day (the “Non-Extension Notice Date”) in each such twelve-month period to be agreed upon
at the time such Letter of Credit is issued. Unless otherwise directed by the applicable
L/C Issuer, such Borrower shall not be required to make a specific request to the such L/C
Issuer for any such extension. Once an Auto-Extension Letter of Credit has been issued, the
Lenders shall be deemed to have authorized (but may not require) the applicable L/C Issuer
to permit the extension of such Letter of Credit at any time to an expiry date not later
than the L/C Expiration Date; provided, however, that the applicable L/C Issuer
shall not permit any such extension if (A) the applicable L/C Issuer has determined that it
would not be permitted or would have no obligation at such time to issue such Letter of
Credit in its revised form (as extended) under the terms hereof (by reason of the provisions
of Section 2.03(a) or otherwise), or (B) it has received notice (which may be by
telephone or in writing) on or before the day that is seven Business Days before the
Non-Extension Notice Date (1) from the Administrative Agent that the Required Lenders have
elected not to permit such extension or (2) from the Administrative Agent, any Lender or any
Borrower that one or more of the applicable conditions specified in Section 5.02 is
not then satisfied, and in each case directing the applicable L/C Issuer not to permit such
extension.

     (iv) If a Borrower so requests in any applicable L/C Application, the applicable L/C
Issuer may, in its sole and absolute discretion, agree to issue a Letter of Credit that
permits the automatic reinstatement of all or a portion of the stated amount thereof after
any drawing thereunder (each, an “Auto-Reinstatement Letter of Credit”). Unless
otherwise directed by the applicable L/C Issuer, such Borrower shall not be required to make
a specific request to the applicable L/C Issuer to permit such reinstatement. Once an
Auto-Reinstatement Letter of Credit has been issued, except as provided in the following
sentence, the Lenders shall be deemed to have authorized (but may not require) the
applicable L/C Issuer to reinstate all or a portion of the

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stated amount thereof in
accordance with the provisions of such Letter of Credit. Notwithstanding the foregoing, if
such Auto-Reinstatement Letter of Credit permits the applicable L/C Issuer to decline to
reinstate all or any portion of the stated amount thereof after a drawing thereunder by
giving notice of such non-reinstatement within a specified number of days after such drawing
(the “Non-Reinstatement Deadline”), the applicable L/C Issuer shall not permit such
reinstatement if it has received a notice (which may be by telephone or in writing) on or
before the day that is seven Business Days before the Non-Reinstatement Deadline (A) from
the Administrative Agent that the Required Lenders have elected not to permit such
reinstatement or (B) from the Administrative Agent, any Lender or any Borrower that one or
more of the applicable conditions specified in Section 5.02 is not then satisfied
(treating such reinstatement as an L/C Credit Extension for purposes of this clause) and, in
each case, directing the applicable L/C Issuer not to permit such reinstatement.

     (v) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of
Credit to an advising bank with respect thereto or to the beneficiary thereof, the
applicable L/C Issuer will also deliver to the applicable Borrower and the Administrative
Agent a true and complete copy of such Letter of Credit or amendment.

     (c) Drawings and Reimbursements; Funding of Participations.

     (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a
drawing under any Letter of Credit, the applicable L/C Issuer shall notify the applicable
Borrower and the Administrative Agent thereof. In the case of a Letter of Credit
denominated in a currency other than Dollars, the applicable Borrower shall reimburse the
applicable L/C Issuer in the same such currency, unless (A) such L/C Issuer (at its option)
shall have specified in such notice that it will require reimbursement in Dollars, or (B) in
the absence of any such requirement for reimbursement in Dollars, such Borrower shall have
notified such L/C Issuer promptly following receipt of the notice of drawing that such Borrower will reimburse such L/C Issuer in
Dollars. In the case of any such reimbursement in Dollars of a drawing under a Letter of
Credit denominated in a currency other than Dollars, the applicable L/C Issuer shall notify
the applicable Borrower of the Dollar Equivalent of the amount of the drawing promptly
following the determination thereof. Not later than 11:00 a.m. on the date of any payment
by the applicable L/C Issuer under a Letter of Credit to be reimbursed in Dollars, or the
Applicable Time on the date of any payment by the applicable L/C Issuer under a Letter of
Credit to be reimbursed in a currency other than Dollars (each such date, an “Honor
Date”), the applicable Borrower shall reimburse the applicable L/C Issuer through the
Administrative Agent in an amount equal to the amount of such drawing and in the
applicable currency. If the applicable Borrower fails to so reimburse the applicable L/C
Issuer by such time, the Administrative Agent shall promptly notify each Lender of the Honor
Date, the amount of the unreimbursed drawing (the “L/C Unreimbursed Amount”), and
the amount of such Lender’s Revolving Commitment Percentage thereof. In such event, the
applicable Borrower shall be deemed to have requested a Borrowing of Base Rate Loans or
Fixed LIBOR Rate Loans with an Interest Period of one month, as appropriate, to be disbursed
on the Honor Date in an amount equal to the L/C Unreimbursed Amount, without regard to the
minimum and multiples specified in Section 2.02 for such Loans, but subject to the
amount of the unutilized portion of the Aggregate Commitments and the conditions set forth
in Section 5.02 (other than the delivery of a Loan Notice). Any notice given by an
L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be
given by telephone if immediately confirmed in writing; provided that the lack of
such an immediate confirmation shall not affect the conclusiveness or binding effect of such
notice.

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     (ii) Each Lender shall upon any notice pursuant to Section 2.03(c)(i) make
funds available to the Administrative Agent for the account of the applicable L/C Issuer at
the Administrative Agent’s Office in an amount equal to its Revolving Commitment Percentage
of the L/C Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified in
such notice by the Administrative Agent, whereupon, subject to the provisions of Section
2.03(c)(iii), each of the respective Lenders that so makes funds available shall be
deemed to have made a Revolving Loan that is a Base Rate Loan or Fixed LIBOR Rate Loan with
an Interest Period of one month, as appropriate, to the respective Borrower in such amount.
The Administrative Agent shall remit the funds so received to the applicable L/C Issuer in
the applicable currency (or, if requested by the applicable L/C Issuer, the equivalent
amount thereof in Dollars as determined by the Administrative Agent at such time on the
basis of the Spot Rate as of the funding date).

     (iii) With respect to any L/C Unreimbursed Amount that is not fully refinanced by a
Borrowing because the conditions set forth in Section 5.02 cannot be satisfied or
for any other reason, the applicable Borrower shall be deemed to have incurred from the
applicable L/C Issuer an L/C Borrowing in the amount of the L/C Unreimbursed Amount that is
not so refinanced, which L/C Borrowing shall be due and payable on demand (together with
interest) and shall bear interest at the Default Rate. In such event, each Lender’s payment
to the Administrative Agent for the account of the applicable L/C Issuer pursuant to
Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such
L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its
participation obligation under this Section 2.03.

     (iv) Until each respective Lender funds its Revolving Loan or L/C Advance pursuant to
this Section 2.03(c) to reimburse the applicable L/C Issuer for any amount drawn
under any Letter of Credit, interest in respect of such Lender’s Revolving Commitment
Percentage of such amount shall be solely for the account of the applicable L/C Issuer.

     (v) Each Lender’s obligation to make Revolving Loans or L/C Advances to reimburse the
L/C Issuers for amounts drawn under Letters of Credit, as contemplated by this Section
2.03(c), shall be absolute and unconditional and shall not be affected by any
circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right
that such Lender may have against any L/C Issuer, any Borrower or any other Person for any
reason whatsoever; (B) the occurrence or continuance of a Default or Event of Default, or
(C) any other occurrence, event or condition, whether or not similar to any of the
foregoing; provided, however, that each Lender’s obligation to make Loans pursuant to this
Section is subject to the conditions set forth in Section 5.02 (other than delivery
of a Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the
obligation of the applicable Borrowers to reimburse the applicable L/C Issuer for the amount
of any payment made by the applicable L/C Issuer under any Letter of Credit, together with
interest as provided herein.

     (vi) If any Lender fails to make available to the Administrative Agent for the account
of the applicable L/C Issuer any amount required to be paid by such Lender pursuant to the
foregoing provisions of this Section 2.03(c) by the time specified in Section
2.03(c)(ii), the applicable L/C Issuer shall be entitled to recover from such Lender
(acting through the Administrative Agent), on demand, such amount with interest thereon for
the period from the date such payment is required to the date on which such payment is
immediately available to the applicable L/C Issuer at a rate per annum equal to the
applicable Overnight Rate from time to time in effect, plus any administrative,
processing or similar fees customarily charged by the applicable L/C Issuer in connection
with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid),
the amount so paid shall constitute such Lender’s Loan included in the relevant Borrowing or
L/C Advance in respect of the relevant L/C Borrowing, as the case may

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be. A certificate of
the applicable L/C Issuer submitted to any Lender (through the Administrative Agent) with
respect to any amounts owing under this clause (vi) shall be conclusive absent
manifest error.

     (d) Repayment of Participations.

     (i) At any time after an L/C Issuer has made a payment under any Letter of Credit and
has received from any Lender such Lender’s L/C Advance in respect of such payment in
accordance with Section 2.03(c), if the Administrative Agent receives for the
account of the applicable L/C Issuer any payment in respect of the related L/C Unreimbursed
Amount or interest thereon (whether directly from a Borrower or otherwise, including
proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative
Agent will distribute to such Lender its Revolving Commitment Percentage thereof
(appropriately adjusted, in the case of interest payments, to reflect the period of time
during which such Lender’s L/C Advance was outstanding) in the same funds as those received
by the Administrative Agent.

     (ii) If any payment received by the Administrative Agent for the account of an L/C
Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the
circumstances described in Section 11.05 (including pursuant to any settlement
entered into by the applicable L/C Issuer in its discretion), each Lender shall pay to the
Administrative Agent for the account of the applicable L/C Issuer its Revolving Commitment
Percentage thereof on demand of the Administrative Agent, plus interest thereon from the
date of such demand to the date such amount is returned by such Lender, at a rate per annum
equal to the Overnight Rate from time to time in effect. The obligations of the Lenders
under this clause shall survive the payment in full of the Obligations and the termination
of this Credit Agreement.

     (e) Obligations Absolute. The obligation of each Borrower to reimburse the applicable
L/C Issuer for each drawing under each Letter of Credit and to repay each L/C Borrowing shall be
absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of
this Credit Agreement under all circumstances, including the following:

     (i) any lack of validity or enforceability of such Letter of Credit, this Credit
Agreement or any other Credit Document;

     (ii) the existence of any claim, counterclaim, setoff, defense or other right that a
Borrower or any Subsidiary may have at any time against any beneficiary or any transferee of
such Letter of Credit (or any Person for whom any such beneficiary or any such transferee
may be acting), any L/C Issuer or any other Person, whether in connection with this Credit
Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement
or instrument relating thereto, or any unrelated transaction;

     (iii) any draft, demand, certificate or other document presented under such Letter of
Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any
statement therein being untrue or inaccurate in any respect; or any loss or delay in the
transmission or otherwise of any document required in order to make a drawing under such
Letter of Credit;

     (iv) any payment by an L/C Issuer under such Letter of Credit against presentation of a
draft or certificate that does not strictly comply with the terms of such Letter of Credit;
or any payment made by an L/C Issuer under such Letter of Credit to any Person purporting to
be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors,
liquidator,

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receiver or other representative of or successor to any beneficiary or any
transferee of such Letter of Credit, including any arising in connection with any proceeding
under any Debtor Relief Law;

     (v) any adverse change in the relevant exchange rates or in the availability of the
relevant currency to the Borrowers or any Subsidiary or in the relevant currency markets
generally; or

     (vi) any other circumstance or happening whatsoever, whether or not similar to any of
the foregoing, including any other circumstance that might otherwise constitute a defense
available to, or a discharge of, any Borrower or any Subsidiary.

     Each Borrower shall promptly examine a copy of each Letter of Credit and each amendment
thereto that is delivered to such Borrower and, in the event of any claim of noncompliance with
such Borrower’s instructions or other irregularity, such Borrower will immediately notify the
applicable L/C Issuer. A Borrower shall be conclusively deemed to have waived any such claim
against the applicable L/C Issuer and its correspondents unless such notice is given as aforesaid.

     (f) Role of the L/C Issuers in such Capacity. Each of the Lenders and the Borrowers
agrees that, in paying any drawing under a Letter of Credit, the L/C Issuers shall not have any
responsibility to obtain any document (other than any sight draft, certificates and documents
expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or
accuracy of any such document or the authority of the Person executing or delivering any such
document. None of the L/C Issuers, the Administrative Agent, any of their respective Related
Parties nor any correspondent, participant or assignee of any L/C Issuer shall be liable to any
Lender for (i) any action taken or omitted in connection herewith at the request or with the
approval of the Lenders or the Required Lenders for the respective credit facility hereunder, as
applicable; (ii) any action taken or omitted in the absence of gross negligence or willful
misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Issuer Document. Each Borrower hereby
assumes all risks of the acts or omissions of any beneficiary or transferee with respect to such
Borrower’s use of any Letter of Credit; provided, however, that this assumption is not
intended to, and shall not, preclude such Borrower’s pursuing such rights and remedies as such
Borrower may have against the beneficiary or transferee at law or under any other agreement. None
of the L/C Issuers, the Administrative Agent, any of their respective Related Parties nor any
correspondent, participant or assignee of any L/C Issuer, shall be liable or responsible for any of
the matters described in clauses (i) through (vi) of Section 2.03(e);
provided, however, that anything in such clauses to the contrary notwithstanding, a
Borrower may have a claim against an L/C Issuer, and the applicable L/C Issuer may be liable to
such Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential or
exemplary, damages suffered by such Borrower that such Borrower proves were caused by the
applicable L/C Issuer’s willful misconduct or gross negligence or the applicable L/C Issuer’s
willful failure to pay under any Letter of Credit after the presentation to it by the beneficiary
of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of
Credit. In furtherance and not in limitation of the foregoing, the L/C Issuers may accept
documents that appear on their face to be in order, without responsibility for further
investigation, regardless of any notice or information to the contrary, and the L/C Issuers shall
not be responsible for the validity or sufficiency of any instrument transferring or assigning or
purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or
proceeds thereof, in whole or in part, that may prove to be invalid or ineffective for any reason.

     (g) Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if an L/C
Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing
has resulted in an L/C Borrowing, or (B) if, as of the L/C Expiration Date, any L/C Obligation for
any reason remains outstanding, the applicable Borrower shall, in each case, immediately Cash
Collateralize the then-

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Outstanding Amount of its L/C Obligations; (ii) if the Administrative Agent
notifies the Borrowers at any time that the Outstanding Amount of all L/C Obligations at such time
exceeds 105% of the L/C Sublimit then in effect, then, within two Business Days after receipt of
such notice, the Domestic Borrowers, the F/X Borrowers or the India Borrowers, as applicable, shall
Cash Collateralize the L/C Obligations in an amount equal to the amount by which the Outstanding
Amount of all L/C Obligations exceeds the L/C Sublimit; (iii) the Administrative Agent may, at any
time and from time to time after the initial deposit of Cash Collateral, request that additional
Cash Collateral be provided in order to protect against the results of exchange rate fluctuations
and (iv) Sections 2.05 and 9.02(c) set forth certain additional requirements to
deliver Cash Collateral hereunder. Each Domestic Borrower hereby grants to the Collateral Agent,
for the benefit of the L/C Issuers and the Lenders, each F/X Borrower hereby grants to the
Collateral Agent, for the benefit of the F/X L/C Issuer and the F/X Revolving Lenders, and each
India Borrower grants to the Collateral Agent, for the benefit of the India L/c Issuer and the
India Revolving Lenders, a security interest in all such cash, deposit accounts and all balances
therein and all proceeds of the foregoing. Cash Collateral shall be maintained in blocked,
non-interest bearing deposit accounts at Bank of America.

     (h) Applicability of ISP. Unless otherwise expressly agreed by the an L/C Issuer and
a Borrower when a Letter of Credit is issued (including any such agreement applicable to an
Existing Letter of Credit), the rules of the ISP shall apply to each standby Letter of Credit

     (i) Letters of Credit Issued for Members of Consolidated Group.

     (A) Domestic. Notwithstanding that a Letter of Credit issued or outstanding
hereunder is in support of any obligations of, or is for the account of, any Domestic
Subsidiary, the applicable Domestic Borrower shall be obligated to reimburse the applicable
L/C Issuer for any and all drawings under such Letter of Credit. Each Domestic Borrower
hereby acknowledges that the issuance of Letters of Credit for the account of any Domestic
Subsidiary inures to the benefit of such Domestic Borrower, and that such Domestic Borrower’s business derives
substantial benefits from the businesses of such Domestic Subsidiary.

     (B) F/X. Notwithstanding that a Letter of Credit issued or outstanding
hereunder is in support of any obligations of, or is for the account of, any Foreign
Subsidiary, the applicable F/X Borrower shall be obligated to reimburse the applicable L/C
Issuer for any and all drawings under such Letter of Credit. Each F/X Borrower hereby
acknowledges that the issuance of Letters of Credit for the account of any Foreign
Subsidiary inures to the benefit of such F/X Borrower, and that such F/X Borrower’s business
derives substantial benefits from the businesses of such Foreign Subsidiary.

     (C) India. Notwithstanding that a Letter of Credit issued or outstanding
hereunder is in support of any obligations of, or is for the account of, any Subsidiary of
the India Borrower existing under the laws of India, the applicable India Borrower shall be
obligated to reimburse the applicable L/C Issuer for any and all drawings under such Letter
of Credit. Each India Borrower hereby acknowledges that the issuance of Letters of Credit
for the account of any Subsidiary of the India Borrower inures to the benefit of such India
Borrower, and that such India Borrower’s business derives substantial benefits from the
businesses of such Subsidiary of the India Borrower.

     (j) Letter of Credit Fees. The Borrowers shall pay Letter of Credit fees as set forth
in Section 2.09(b).

     (k) Conflict with Issuer Documents. In the event of any conflict between the terms
hereof and the terms of any Issuer Document, the terms hereof shall control.

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     2.04 Additional Provisions with respect to Swingline Loans.

     (a) Borrowing Procedures. Each Swingline Borrowing shall be made in Dollars upon a
Borrower’s irrevocable notice to the Swingline Lender and the Administrative Agent, which may be
given by telephone. Each such notice must be received by the Swingline Lender and the
Administrative Agent not later than 1:00 p.m. on the requested borrowing date, and shall specify
(i) the amount to be borrowed, which shall be a minimum of $100,000, and (ii) the requested
borrowing date, which shall be a Business Day. Each such telephonic notice must be confirmed
promptly by delivery to the Swingline Lender and the Administrative Agent of a written Loan Notice,
appropriately completed and signed by a Responsible Officer of such Borrower. Promptly after
receipt by the Swingline Lender of any telephonic Loan Notice, the Swingline Lender will confirm
with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also
received such Loan Notice and, if not, the Swingline Lender will notify the Administrative Agent
(by telephone or in writing) of the contents thereof. Unless the Swingline Lender has received
notice (by telephone or in writing) from the Administrative Agent (including at the request of any
Lender) prior to 2:00 p.m. on the date of the proposed Swingline Borrowing (A) directing the
Swingline Lender not to make such Swingline Loan as a result of the limitations set forth in this
Article II, or (B) that one or more of the applicable conditions specified in Article
V is not then satisfied, then, subject to the terms and conditions hereof, the Swingline Lender
will, not later than 3:00 p.m. on the borrowing date specified in such Loan Notice, make the amount
of its Swingline Loan available to the applicable Borrower at its office by crediting the account
of such Borrower on the books of the Swingline Lender in immediately available funds.

     (b) Refinancing.

     (i) The Swingline Lender at any time in its sole and absolute discretion may request,
on behalf of the applicable Borrowers (which hereby irrevocably authorizes the Swingline
Lender to so request on its behalf), that each Lender make a Revolving Loan that is a Base
Rate Loan or a Fixed LIBOR Rate Loan with an Interest Period of one month, as appropriate,
in an amount equal to such Lender’s Revolving Commitment Percentage of Swingline Loans then
outstanding. Such request shall be made in writing (which written request shall be deemed
to be a Loan Notice for purposes hereof) and in accordance with the requirements of
Section 2.02, without regard to the minimum and multiples specified therein, but
subject to the unutilized portion of the Aggregate Commitments and the conditions set forth
in Section 5.02. The Swingline Lender shall furnish the applicable Borrowers with a
copy of the applicable Loan Notice promptly after delivering such notice to the
Administrative Agent. Each Lender shall make an amount equal to its Revolving Commitment
Percentage of the amount specified in such Loan Notice available to the Administrative Agent
in Same Day Funds for the account of the Swingline Lender at the Administrative Agent’s
Office not later than 1:00 p.m. on the day specified in such Loan Notice, whereupon, subject
to Section 2.04(c)(ii), each Lender that so makes funds available shall be deemed to
have made a Revolving Loan that is a Base Rate Loan or a Fixed LIBOR Rate Loan with an
Interest Period of one month, as appropriate, in such amount. The Administrative Agent
shall remit the funds so received to the Swingline Lender.

     (ii) If for any reason any Swingline Loan cannot be refinanced by such a Borrowing of
Revolving Loans in accordance with Section 2.04(b)(i), the request for Revolving
Loans submitted by the Swingline Lender as set forth herein shall be deemed to be a request
by the Swingline Lender that each of the Lenders fund its risk participation in the relevant
Swingline Loan and each Lender’s payment to the Administrative Agent for the account of the
Swingline Lender pursuant to Section 2.04(c)(i) shall be deemed payment in respect
of such participation.

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     (iii) If any Revolving Lender fails to make available to the Administrative Agent for
the account of the Swingline Lender any amount required to be paid by such Lender pursuant
to the foregoing provisions of this Section 2.04(b) by the time specified in
Section 2.04(b)(i), the Swingline Lender shall be entitled to recover from such
Lender (acting through the Administrative Agent), on demand, such amount with interest
thereon for the period from the date such payment is required to the date on which such
payment is immediately available to the Swingline Lender at a rate per annum equal to the
applicable Overnight Rate from time to time in effect, plus any administrative,
processing or similar fees customarily charged by the Swingline Lender in connection with
the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the
amount so paid shall constitute such Lender’s Loan included in the relevant Borrowing or
funded participation in the relevant Swingline Loan, as the case may be. A
certificate of the Swingline Lender submitted to any Lender (through the Administrative
Agent) with respect to any amounts owing under this clause (iii) shall be conclusive
absent manifest error.

     (iv) Each Revolving Lender’s obligation to make Revolving Loans or to purchase and fund
risk participations in Swingline Loans pursuant to this Section 2.04(b) shall be
absolute and unconditional and shall not be affected by any circumstance, including (A) any
setoff, counterclaim, recoupment, defense or other right that such Lender may have against
the Swingline Lender, any Borrower or any other Person for any reason whatsoever, (B) the
occurrence or continuance of a Default or Event of Default, (C) non-compliance with the
conditions set forth in Section 5.02, or (D) any other occurrence, event or
condition, whether or not similar to any of the foregoing; provided however, that
each Lender’s obligation to make Loans pursuant to this Section 2.04(b) is subject
to the conditions set forth in Section 5.02. No such purchase or funding of risk
participations shall relieve or otherwise impair the obligation of the Domestic Borrowers to
repay Swingline Loans, together with interest as provided herein.

     (c) Repayment of Participations.

     (i) At any time after any Lender has purchased and funded a risk participation in a
Swingline Loan, if the Swingline Lender receives any payment on account of such Swingline
Loan, the Swingline Lender will distribute to such Lender its Revolving Commitment
Percentage of such payment (appropriately adjusted, in the case of interest payments, to
reflect the period of time during which such Lender’s risk participation was funded) in the
same funds as those received by the Swingline Lender.

     (ii) If any payment received by the Swingline Lender in respect of principal or
interest on any Swingline Loan is required to be returned by the Swingline Lender under any
of the circumstances described in Section 11.05 (including pursuant to any
settlement entered into by the Swingline Lender in its discretion), each Lender shall pay to
the Swingline Lender its Revolving Commitment Percentage thereof on demand of the
Administrative Agent, plus interest thereon from the date of such demand to the date such
amount is returned, at a rate per annum equal to the Overnight Rate. The Administrative
Agent will make such demand upon the request of the Swingline Lender. The obligations of
the Revolving Lenders under this clause shall survive the payment in full of the Revolving
Loan Obligations and the termination of this Credit Agreement.

     (d) Interest for Account of Swingline Lender. The Swingline Lender shall be
responsible for invoicing the Borrowers for interest on the Swingline Loans. Until each Lender
funds its Revolving Loan or risk participation pursuant to this Section 2.04 to refinance
such Lender’s Revolving Commitment

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Percentage of any Swingline Loan, interest in respect thereof shall be solely for the account
of the Swingline Lender.

     (e) Payments Directly to Swingline Lender. The Borrowers shall make all payments of
principal and interest in respect of the Swingline Loans directly to the Swingline Lender.

     2.05 Repayment of Loans.

     (a) Revolving Loans. The Outstanding Amount of Revolving Loans shall be repaid in
full on the Revolving Termination Date.

     (b) Swingline Loans. The Outstanding Amount of the Swingline Loans shall be repaid in
full on the earlier to occur of (i) the date of demand by the Swingline Lender and (ii) the
Revolving Termination Date.

     (c) Tranche B Term Loan. The Outstanding Amount of the Tranche B Term Loan shall be
repaid in twenty-eight (28) installments. The first twenty-seven (27) installments will be in the
amount of $475,000 per quarter payable on the last day of each calendar quarter, beginning June 30,
2007. The twenty-eighth and final installment in the amount of the remaining principal balance
shall be payable on April 4 2014 (being the seventh anniversary date of the Closing Date).

 

     2.06 Prepayments.

     (a) Voluntary Prepayments. The Loans may be repaid in whole or in part without
premium or penalty (except, in the case of Loans other than Base Rate Loans and Floating Rate LIBOR
Loans, amounts payable pursuant to Section 3.05); provided that:

     (i) in the case of Loans other than Swingline Loans, (A) notice thereof must be
received by 11:00 a.m. by the Administrative Agent at least three Business Days prior to the
date of prepayment, in the case of Fixed LIBOR Rate Loans denominated in Dollars, (B) four
Business Days (or five in the case of prepayment of Loans denominated in Special Notice
Currencies) prior to any date of prepayment, in the case of Fixed LIBOR Rate Loans
denominated in currencies other than Dollars, and (C) on the date of prepayment, in the case
of Base Rate Loans and Floating LIBOR Rate Loans, and in each case, any such prepayment
shall be a minimum principal amount of $5 million and integral multiples of $1 million in
excess thereof, in the case of Fixed LIBOR Rate Loans and $500,000 and integral multiples of
$100,000 in excess thereof, in the case of Base Rate Loans or Floating LIBOR Rate Loans, or,
in each case, the entire remaining principal amount thereof, if less;

     (ii) in the case of Swingline Loans, (A) notice thereof must be received by the
Swingline Lender by 1:00 p.m. on the date of prepayment (with a copy to the Administrative
Agent), and (B) any such prepayment shall be in the same minimum principal amounts as for
advances thereof (or any lesser amount that may be acceptable to the Swingline Lender); and

     (iii) any voluntary prepayments on the Tranche B Term Loan must be applied to the
Tranche B Term Loan as the Borrower may direct, or, in the absence of such direction, pro
rata to remaining principal amortization installments.

Each such notice of voluntary prepayment hereunder shall be irrevocable and shall specify the date
and amount of prepayment and the Loans and Type(s) of Loans that are being prepaid and, if Fixed
LIBOR Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will
give prompt

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notice to the applicable Lenders of any prepayment on the Loans and the Lender’s interest therein.
If such notice is given by a Borrower, such Borrower shall make such prepayment and the payment
amount specified in such notice shall be due and payable on the date specified therein.
Prepayments of Fixed LIBOR Rate Loans hereunder shall be accompanied by accrued interest on the
amount prepaid and breakage or other amounts due, if any, under Section 3.05.

     (b) Mandatory Prepayments.

(i)      (A) Domestic Revolving Commitments. If at any time (i) the Outstanding
Amount of Domestic Revolving Loan Obligations shall exceed the Aggregate Domestic
Revolving Committed Amount, (ii) the aggregate principal amount of Domestic
Revolving Loan Obligations owing by any Designated Borrower shall exceed its
respective Designated Borrowing Limit, (iii) the Outstanding Amount of Domestic L/C
Obligations shall exceed the Domestic L/C Sublimit, or (iv) the Outstanding Amount
of Swingline Loans shall exceed the Swingline Sublimit, then the Domestic Borrowers
shall make an immediate prepayment on or in respect of the Domestic Revolving Loan
Obligations in an amount equal to the difference; provided, however, that,
except with respect to clause (iii), Domestic L/C Obligations will not be
Cash Collateralized hereunder until the Domestic Revolving Loans and Swingline Loans
have been paid in full.

          (B) F/X Revolving Commitments. If at any time (i) the Outstanding
Amount of F/X Loan Obligations shall exceed the Aggregate F/X Revolving Committed
Amount, (ii) the aggregate principal amount of F/X Revolving Obligations owing by
any Designated Borrower shall exceed its respective Designated Borrowing Limit, or
(iii) the Outstanding Amount of F/X L/C Obligations shall exceed the F/X L/C
Sublimit, then the F/X Borrowers shall make an immediate prepayment on or in respect
of the F/X Revolving Loan Obligations in an amount equal to the difference;
provided, however, that except with respect to clause (iii), F/X L/C
Obligations will not be Cash Collateralized hereunder until the F/X Revolving Loans
have been paid in full.

          (C) India Revolving Commitments. If at any time (i) the Outstanding
Amount of India Obligations shall exceed the Aggregate India Revolving Committed
Amount, (ii) the aggregate principal amount of India Revolving Obligations owing by
any Designated Borrower shall exceed its respective Designated Borrowing Limit, or
(iii) the Outstanding Amount of India L/C Obligations shall exceed the India L/C
Sublimit, then the India Borrower shall make an immediate prepayment on or in
respect of the India Revolving Loan Obligations in an amount equal to the
difference; provided, however, that except with respect to clause
(iii), India L/C Obligations will not be Cash Collateralized hereunder until the
India Revolving Loans have been paid in full.

(ii) Dispositions and Involuntary Dispositions.

          (A) Domestic Loan Obligations. Prepayment will be made on the Domestic
Loan Obligations in an amount equal to 100% of the Net Cash Proceeds received from
any Disposition or Involuntary Disposition (other than a disposition within clause
(b) of the definition of Permitted Disposition) by EWI, any of the Domestic Credit
Parties or any of their Domestic Subsidiaries to the extent (A) such proceeds are
not reinvested in the same or similar properties or assets (or used to acquire a
Person that owns the same or similar properties or assets) within twelve months of
the date of such Disposition or Involuntary Disposition and (B) the aggregate amount
of such proceeds that are not

60

 

reinvested in accordance with clause (A) hereof exceeds $10 million in
any fiscal year. Prepayments under this clause (A) shall be required within thirty
(30) days following the date on which a determination can be made that payment is
due.

          (B) F/X Loan Obligations. Prepayment will be made on the F/X Loan
Obligations in an amount equal to 100% of the Net Cash Proceeds received from any
Disposition or Involuntary Disposition (other than a disposition within clause (b)
of the definition of Permitted Disposition) by any of the Foreign Credit Parties and
their Foreign Subsidiaries (other than the India Borrower and its subsidiaries) to
the extent (A) such proceeds are not reinvested in the same or similar properties or
assets (or used to acquire a Person that owns the same or similar properties or
assets) within twelve months of the date of such Disposition or Involuntary
Disposition and (B) the aggregate amount of such proceeds that are not reinvested in
accordance with clause (A) hereof exceeds $10 million in any fiscal year.
Prepayments under this clause (B) shall be required within thirty (30) days
following the date on which a determination can be made that payment is due.

          (C) India Obligations. Prepayment will be made on the India
Obligations in an amount equal to 100% of the Net Cash Proceeds received from any
Disposition or Involuntary Disposition (other than a disposition within clause (b)
of the definition of Permitted Disposition) by the India Borrower or any of its
Subsidiaries, to the extent (A) such proceeds are not reinvested in the same or
similar properties or assets (or used to acquire a Person that owns the same or
similar properties or assets) within twelve months of the date of such Disposition
or Involuntary Disposition and (B) the aggregate amount of such proceeds that are
not reinvested in accordance with clause (A) hereof exceeds $10 million in
any fiscal year. Prepayments under this clause (C) shall be required within thirty
(30) days following the date on which a determination can be made that payment is
due.

(iii) Extraordinary Receipts.

          (A) Domestic Loan Obligations. Prepayment will be made on Domestic
Loan Obligations in an amount equal to 100% of Net Cash Proceeds from any
Extraordinary Receipts in excess of $250,000 per fiscal year for all such
Extraordinary Receipts by EWI, any of the domestic Credit Parties or any of their
Domestic Subsidiaries on the fifth (5th) Business Day following receipt
thereof.

          (B) F/X Loan Obligations. Prepayment will be made on F/X Loan
Obligations in an amount equal to 100% of Net Cash Proceeds from any Extraordinary
Receipts in excess of $250,000 per fiscal year for all such Extraordinary Receipts
by any of the Foreign Credit Parties and their Foreign Subsidiaries (other than the
India Borrower and its Subsidiaries) on the fifth (5th) Business Day
following receipt thereof.

          (C) India Obligations. Prepayment will be made on India Obligations in
an amount equal to 100% of Net Cash Proceeds from any Extraordinary Receipts in
excess of $250,000 per fiscal year for all such Extraordinary Receipts by the India
Borrower or any of its Subsidiaries on the fifth (5th) Business Day
following receipt thereof.

(iv) Debt Transactions.

61

 

          (A) Domestic Loan Obligations. Prepayment will be made on the Domestic
Loan Obligations in an amount equal to 100% of the Net Cash Proceeds from any Debt
Transactions by EWI, any of the Domestic Credit Parties or any of their Domestic
Subsidiaries on the fifth (5th) Business Day following receipt thereof.

          (B) F/X Loan Obligations. Prepayment will be made on the F/X Loan
Obligations in an amount equal to 100% of the Net Cash Proceeds from any Debt
Transactions by any of the Foreign Credit Parties and their Foreign Subsidiaries
(other than the India Borrower and its Subsidiaries) on the fifth (5th)
Business Day following receipt thereof.

          (C) India Obligations. Prepayment will be made on the India
Obligations in an amount equal to 100% of the Net Cash Proceeds from any Debt
Transactions by the India Borrower or any of its Subsidiaries on the fifth
(5th) Business Day following receipt thereof.

        (v) Equity Transactions. Prepayment will be made on the Loan Obligations from
the Net Cash Proceeds from any Equity Transaction in an amount equal to the percentage shown
below:

	 	 	 
	Consolidated Total Leverage Ratio
	 	Percentage of Net Cash Proceeds
	 
	 	 
	3
 3.5:1.0

> 2.5:1.0, but < 3.5:1.0

£  2.5:1.0
	 	100%

50%

0%
	 
	 	 

Prepayments under this clause (v) shall be required on the fifth (5th) Business Day
following receipt of Net Cash Proceeds from an Equity Transaction.

        (vi) Convertible
Debentures. The Convertible Debentures provide, in each case, that the holders shall have the option on certain dates (the “Repurchase Dates”) to
require EWI, as issuer, to repurchase the Convertible Debentures (Section 3.07 of
the indenture governing the Convertible Subordinated Debentures and Section 3.07 of
the indenture governing the Convertible Senior Debentures). Unless

          (A) the Repurchase Dates are extended to a later date or waived by the holders,

          (B) EWI can demonstrate that on the next Repurchase Date (and provided that
such demonstration shall include, for purposes hereof, financial covenant compliance
and/or liquidity projected forward to include the next Repurchase Date so long as
the projections are adequately supported by performance and reasonable assumptions)
either (i) (x) it could borrow senior Funded Debt (that is, Funded Debt that is not
Subordinated Debt) under Section 8.03(p) in an amount at least equal to the
outstanding principal amount of the Convertible Debentures as to which the repayment
date relates, and (y) it will be in compliance with the financial covenants in
Section 8.13 after giving effect thereto on a Pro Forma Basis, or (ii) it
will have sufficient liquidity, as may be determined by the Administrative Agent and
the Required Lenders in their discretion;

          (C) the requirements of this clause (vi) shall be waived or extended by the
Required Lenders,

62

 

then on the date six months prior to any such Repurchase Date for the Convertible Debentures
prepayment shall be made on the Loan Obligations in an amount equal to 100% of the Loan
Obligations (and cash collateral shall be provided in respect of L/C Obligations), together
with accrued interest and fees, and the Commitments hereunder shall be terminated.

              (c) Application. Within each Loan, prepayments will be applied first to Base Rate
Loans and Floating LIBOR Rate Loans, then to Fixed LIBOR Rate Loans in direct order of Interest
Period maturities. In addition:

          (i) Voluntary Prepayments. Voluntary prepayments shall be applied as specified
by the Borrowers; provided that any voluntary prepayments on the Tranche B Term Loan
shall be applied on the Tranche B Term Loan as the Borrower may direct, or, in the absence
of any such direction, pro rata to remaining principal amortization installments. Voluntary
prepayments on the Loan Obligations will be paid by the Administrative Agent to the Lenders
ratably in accordance with their respective interests therein

          (ii) Mandatory Prepayments. Mandatory prepayments on the Loan Obligations will
be paid by the Administrative Agent to the Lenders ratably in accordance with their
respective interests therein; provided that:

(A)      (1) Mandatory prepayments in respect of the Domestic Revolving
Commitments under subsection (b)(i)(A) above shall be applied to the
respective Domestic Revolving Loan Obligations as appropriate.

           (2) Mandatory prepayments in respect of the F/X Revolving Commitments
under subsection (b)(i)(B) above shall be applied to the respective
F/X Revolving Loan Obligations as appropriate.

           (3) Mandatory prepayments in respect of the India Revolving Commitments
under subsection (b)(i)(C) above shall be applied to the respective
India Revolving Loan Obligations, as appropriate.

(B)      (1) Mandatory prepayments in respect of Dispositions and Involuntary
Dispositions under subsection (b)(ii)(A) and Extraordinary Receipts under subsection
(b)(iii)(A), in each case relating to EWI, any of the Domestic Credit Parties or any
of their Domestic Subsidiaries, will be applied first ratably to the Term Loans
until paid in full, then to the Domestic Loan Obligations. Mandatory prepayments on
the Term Loans shall be applied pro rata to remaining principal amortization
installments.

           (2) Mandatory prepayments in respect of Dispositions and Involuntary
Dispositions under subsection (b)(ii)(B) and Extraordinary Receipts under
subsection (b)(iii)(B), in each case relating to the Foreign Credit Parties
and their Foreign Subsidiaries (other than the India Borrower and its
Subsidiaries), will be applied to the F/X Loan Obligations.

           (3) Mandatory prepayments in respect to Dispositions and Involuntary
Dispositions under subsection (b)(ii)(C) and Extraordinary Receipts under
subsection (b)(iii)(C), in each case relating to the India Borrower and its
Subsidiaries, will be applied to the India Loan Obligations

63

 

           (C)      (1) Mandatory prepayments in respect of Equity Transactions under
subsection (b)(v) buy EWI, any of the Domestic Credit Parties or any of their
Domestic Subsidiaries, will be applied first ratably to the Term Loans until paid in
full, then ratably to the Revolving Loan Obligations. Mandatory prepayments on the
Term Loan shall be applied pro rata to remaining principal amortization
installments.

           (2) Mandatory prepayments in respect of Equity Transactions under
subsection (b)(v) by the Foreign Credit Parties and their Foreign
Subsidiaries (other than the India Borrower and its Subsidiaries), will be
applied to the F/X Loan Obligations.

           (3) Mandatory prepayments in respect of Equity Transactions under
subsection (b)(v) by the India Borrower or its Subsidiaries will be applied
to the India Loan Obligations.

 

     2.07 Termination or Reduction of Commitments.

     (a) Voluntary Reductions. The Commitments hereunder may be permanently reduced in
whole or in part by notice from the Borrowers to the Administrative Agent; provided that
(i) any such notice thereof must be received by 11:00 a.m. at least five Business Days prior to the
date of reduction or termination and any such prepayment shall be in a minimum principal amount of
$5 million and integral multiples of $1 million in excess thereof; (ii) the Commitments may not be
reduced to an amount less than the Loan Obligations then outstanding thereunder, (iii) if, after
giving effect to any reduction of the Aggregate Commitments, the L/C Sublimit, the Designated
Borrower Sublimit or the Swingline Sublimit exceeds the amount of the Aggregate Commitments, such
sublimit shall be automatically reduced by the amount of such excess and (iv) if, after giving
effect to any reduction of any of the Aggregate Commitments, the Domestic L/C Sublimit, the Foreign
L/C Sublimit, the Designated Borrower Limit, the Swingline Sublimit exceeds the amount of
applicable Aggregate Commitments, such sublimit shall be automatically reduced by the amount of
such excess. The Administrative Agent will give prompt notice to the Lenders of any such reduction
in Commitments. Any reduction of the Aggregate Commitments shall be applied to the Commitment of
each Lender according to its respective Revolving Commitment Percentage or Term Loan Commitment
Percentage, as appropriate. All commitment or other fees accrued with respect thereto through the
effective date of any termination of the Aggregate Commitments shall be paid on the effective date
of such termination.

     (b) Mandatory Reductions. The Aggregate Revolving Committed Amount shall be
permanently reduced in an amount equal to prepayments required to be made to the Revolving
Obligations in respect of Dispositions and Involuntary Dispositions under Section
2.06(b)(ii), Extraordinary Receipts under Section 2.06(b)(iii), Debt Transactions under
Section 2.06(b)(iv), Equity Transactions under Section 2.06(b)(v) and Convertible
Debentures under Section 2.06(b)(viii).

 

     2.08 Interest.

     (a) Subject to the provisions of subsection (b) below, (i) each Fixed LIBOR Rate Loan
shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate
per annum equal to the Fixed LIBOR Rate for such Interest Period plus the Applicable
Percentage plus (in the case of a Fixed LIBOR Rate Loan of any Lender which is lent from a
Lending Office in the United Kingdom or a Participating Member State) the Mandatory Cost; (ii) each
Floating Rate LIBOR Loan shall bear interest on the outstanding principal amount thereof from they
applicable borrowing date at a rate per annum equal to the Floating LIBOR Rate plus the Applicable
Percentage, (iii) each Loan that is a Base Rate Loan shall bear interest on the outstanding
principal amount thereof from the applicable borrowing

64

 

date at a rate per annum equal to the Base Rate plus the Applicable Percentage; and
(iv) each Swingline Loan shall bear interest on the outstanding principal amount thereof from the
applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable
Percentage.

(b)      (i) If any amount of principal of any Loan is not paid when due (without regard to any
applicable grace periods), whether at stated maturity, by acceleration or otherwise, such
amount shall thereafter bear interest at a fluctuating interest rate per annum at all times
equal to the Default Rate to the fullest extent permitted by applicable Law.

          (ii) If any amount (other than principal of any Loan) payable by a Borrower under any
Credit Document is not paid when due (without regard to any applicable grace periods),
whether at stated maturity, by acceleration or otherwise, then upon the request of the
Required Lenders, such amount shall thereafter bear interest at a fluctuating interest rate
per annum at all times equal to the Default Rate to the fullest extent permitted by
applicable Law.

          (iii) Upon the request of the Required Lenders, while any Event of Default exists, the
Borrowers shall, at the request of the Required Lenders, pay interest on the principal
amount of all outstanding Obligations hereunder at a fluctuating interest rate per annum at
all times equal to the Default Rate to the fullest extent permitted by applicable Law.

          (iv) Accrued and unpaid interest on past due amounts (including interest on past due
interest) shall be due and payable upon demand.

     (c) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date
applicable thereto and at such other times as may be specified herein. Interest hereunder shall be
due and payable in accordance with the terms hereof before and after judgment, and before and after
the commencement of any proceeding under any Debtor Relief Law.

 

     2.09 Fees.

     (a) Commitment Fees.

     (i) Domestic Revolving Commitment and F/X Revolving Commitment. The Domestic
Borrowers shall pay to the Administrative Agent for the account of each Lender in accordance
with its percentage of the aggregate Revolving Commitments provided hereunder (other than
the India Revolving Commitment), a commitment fee, in Dollars, equal to the Applicable
Percentage of the actual daily amount by which the Aggregate Domestic and F/X Revolving
Committed Amount exceeds the Outstanding Amount of all Domestic Revolving Loan Obligations
plus all F/X Revolving Loan Obligations.

     (ii) India Revolving Commitment. The India Borrowers shall pay to the
Administrative Agent for the account of each India Revolving Lender in accordance with its
India Revolving Commitment Percentage, a commitment fee, in Dollars, equal to the Applicable
Percentage of the actual daily amount by which the Aggregate India Revolving Committed
Amount exceeds the Outstanding Amount of all India Revolving Loan Obligations.

     (iii) Payments. The foregoing commitment fees shall accrue at all times during
the Commitment Period, including at any time during which one or more of the conditions in
Article V is not met, and

65

 

     (A) with respect to the commitment fees under the immediately foregoing clause
(i), (1) shall be due and payable quarterly in arrears on the first Business
Day after the end of each March, June, September and December, commencing with the
first such date to occur after the Closing Date, on the Revolving Termination Date
(and, if applicable, thereafter on demand) and (2) shall be calculated quarterly in
arrears, and if there is any change in the Applicable Percentage during any quarter,
the actual daily amount shall be computed and multiplied by the Applicable
Percentage separately for each period during such quarter that such Applicable
Percentage was in effect; and

     (B) with respect to the commitment fees under the immediately foregoing clause
(ii), (1) shall be due and payable monthly in arrears on the first Business
Day after the end of each calendar month, commencing with the first such date to
occur after the Closing Date, on the Revolving Termination Date (and, if applicable,
thereafter on demand) and (2) shall be calculated montly in arrears, and if there is
any change in the Applicable Percentage during any quarter, the actual daily amount
shall be computed and multiplied by the Applicable Percentage separately for each
period during such quarter that such Applicable Percentage was in effect.

     (b) Letter of Credit Fees.

     (i) Letter of Credit Fees. The Borrowers shall pay to the Administrative Agent
for the account of each Revolving Lender in accordance with its respective Revolving
Commitment Percentage, in Dollars, a Letter of Credit fee for each Letter of Credit equal to
the Applicable Percentage multiplied by the Dollar Equivalent of the actual daily
maximum amount available to be drawn under such Letter of Credit (whether or not such
maximum amount is then in effect under such Letter of Credit) (the “Letter of Credit
Fee”). The Letter of Credit Fees with respect to Domestic Letters of Credit and F/X
Letters of Credit shall be computed on a quarterly basis in arrears, and shall be due and
payable on the first Business Day after the end of each March, June, September and December,
commencing with the first such date to occur after the issuance of such Letter of Credit, on
the L/C Expiration Date and thereafter on demand. The Letter of Credit Fees with respect to
the India Letters of Credit shall be computed on a monthly basis in arrears, and shall be
due and payable on the first Business Day after the end of each calendar month, commencing
with the first such date to occur after the issuance of such Letter of Credit, on the L/C
Expiration Date and thereafter on demand. If there is any change in the Applicable
Percentage during any quarter (with respect to the Domestic Letters of Credit and the F/X
Letters of Credit) or any month (with respect to the India Letters of Credit), the daily
maximum amount of each Letter of Credit shall be computed and multiplied by the Applicable
Percentage separately for each period during such quarter that such Applicable Percentage
was in effect. Notwithstanding anything to the contrary contained herein, upon the request
of the Required Domestic Revolving Lenders, the Required F/X Revolving Lenders or the
Required India Revolving Lenders, as appropriate, while any Event of Default exists, all
such Letter of Credit Fees shall accrue at the Default Rate.

     (ii) Fronting Fee and Documentary and Processing Charges Payable to L/C
Issuers. The Borrowers shall pay directly to each L/C Issuer for its own account, in
Dollars (except for with respect to the India Letters of Credit, which shall be paid in
Rupees), a fronting fee with respect to each Letter of Credit, at the rate and at the times
specified in the Fee Letter multiplied by the Dollar Equivalent of the daily maximum
amount available to be drawn under such Letter of Credit (whether or not such maximum amount
is then in effect payable on the first Business Day after the end of each March, June,
September and December (except with respect to the India Letters of Credit, which shall be
payable on the first Business Day following the end of each

66

 

calendar month), commencing with the first such date to occur after the issuance of
such Letter of Credit, the L/C Expiration Date and thereafter on demand. For purposes of
computing the daily amount available to be drawn under any Letter of Credit, the amount of
such Letter of Credit shall be determined in accordance with Section 1.09. In
addition, the Borrowers shall pay directly to each L/C Issuer for its own account the
customary issuance, presentation, amendment and other processing fees, and other standard
costs and charges, of such L/C Issuer relating to letters of credit as from time to time in
effect. Such customary fees and standard costs and charges are due and payable on demand
and are nonrefundable.

     (c) Other Fees.

     (i) The Borrowers shall pay to the Arranger and the Administrative Agent for their own
respective accounts, in Dollars, fees in the amounts and at the times specified in the Fee
Letter. Such fees shall be fully earned when paid and shall not be refundable for any
reason whatsoever.

     (ii) The Borrowers shall pay to the Lenders, in Dollars (or in Rupees, with respect to
any fees payable in connection with the India Obligations), such fees as shall have been
separately agreed upon in writing in the amounts and at the times so specified. Such fees
shall be fully earned when paid and shall not be refundable for any reason whatsoever.

 

     2.10 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate.

     (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Bank
of America’s prime rate shall be made on the basis of a year of 365 or 366 days, as the case may
be, and actual days elapsed. All other computations of fees and interest shall be made on the
basis of a 360-day year and actual days elapsed (which results in more fees or interest, as
applicable, being paid than if computed on the basis of a 365-day year), or, in the case of
interest in respect of Loans denominated in currencies other than Dollars as to which market
practice differs from the foregoing, in accordance with such market practice. Interest shall
accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any
portion thereof, for the day on which the Loan or such portion is paid, provided that any
Loan that is repaid on the same day on which it is made shall, subject to Section 2.11(a),
bear interest for one day. Each determination by the Administrative Agent of an interest rate or
fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

     (b) If, as a result of any restatement of or other adjustment to the financial statements of
the Borrowers or for any other reason, the Borrowers or the Lenders determine that (i) the
Consolidated Total Leverage Ratio as calculated by the Borrowers as of any applicable date was
inaccurate and (ii) a proper calculation of the Consolidated Total Leverage Ratio would have
resulted in higher pricing for such period, the Borrowers shall immediately and retroactively be
obligated to pay to the Administrative Agent for the account of the applicable Lenders, promptly on
demand by the Administrative Agent (or, after the occurrence of an actual or deemed entry of an
order for relief with respect to any Borrower under the Bankruptcy Code of the United States,
automatically and without further action by the Administrative Agent, any Lender or any L/C
Issuer), an amount equal to the excess of the amount of interest and fees that should have been
paid for such period over the amount of interest and fees actually paid for such period. This
paragraph shall not limit the rights of the Administrative Agent, any Lender or any L/C Issuer, as
the case may be, under Section 2.03(c)(iii), 2.03(j), 2.08(b), 2.09
or under Article VIII. The Borrowers’ obligations under this paragraph shall survive the
termination of the Aggregate Commitments and the repayment of all other Obligations hereunder.

67

 

 

     2.11 Payments Generally; Administrative Agent’s Clawback.

     (a) General. All payments to be made by the Borrowers shall be made without condition
or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly
provided herein and except with respect to principal of and interest on Loans denominated in
currencies other than Dollars, all payments by the Borrowers hereunder shall be made to the
Administrative Agent, for the account of the respective Lenders to which such payment is owed, at
the applicable Administrative Agent’s Office in Dollars and in Same Day Funds not later than 2:00
p.m. on the date specified herein. Except as otherwise expressly provided herein, all payments by
the Borrowers hereunder with respect to principal and interest on Loans denominated in a currency
other than Dollars shall be made to the Administrative Agent, for the account of the respective
Lenders to which such payment is owed, at the applicable Administrative Agent’s Office in the same
such currency and in Same Day Funds not later than the Applicable Time specified by the
Administrative Agent on the dates specified herein. Without limiting the generality of the
foregoing, the Administrative Agent may require that any payments due under this Credit Agreement
be made in the United States. If, for any reason, a Borrower is prohibited by any Law from making
any required payment hereunder in the applicable currency, such Borrower shall make such payment in
Dollars in the Dollar Equivalent thereof. The Administrative Agent will promptly
distribute to each Lender its pro rata share of such payment in like funds as received by wire
transfer to such Lender’s Lending Office. All payments received by the Administrative Agent (i)
after 2:00 p.m., in the case of payments in Dollars, or (ii) after the Applicable Time specified by
the Administrative Agent in the case of payments in currencies other than Dollars, shall in each
case be deemed received on the next succeeding Business Day and any applicable interest or fee
shall continue to accrue. Subject to the definition of “Interest Period”, if any payment to be
made by a Borrower shall come due on a day other than a Business Day, payment shall be made on the
next following Business Day, and such extension of time shall be reflected in computing interest or
fees, as the case may be.

(b)      (i) Funding by Lenders; Presumption by Administrative Agent. Unless the
Administrative Agent shall have received notice from a Lender prior to the proposed date of
any Borrowing of Fixed LIBOR Rate Loans (or, in the case of any Borrowing of Base Rate Loans
or Floating LIBOR Rate Loans, prior to 12:00 noon on the date of such Borrowing) that such
Lender will not make available to the Administrative Agent such Lender’s share of such
Borrowing, the Administrative Agent may assume that such Lender has made such share
available on such date in accordance with Section 2.02 (or, in the case of a
Borrowing of Base Rate Loans or Floating LIBOR Rate Loans, that such Lender has made such
share available in accordance with and at the time required by Section 2.02) and
may, in reliance upon such assumption, make available to the applicable Borrower a
corresponding amount. In such event, if a Lender has not in fact made its share of the
applicable Borrowing available to the Administrative Agent, then the applicable Lender and
the applicable Borrowers severally agree to pay to the Administrative Agent forthwith on
demand such corresponding amount in Same Day Funds with interest thereon, for each day from
and including the date such amount is made available to such Borrower to but excluding the
date of payment to the Administrative Agent, at (A) in the case of a payment to be made by
such Lender, the Overnight Rate, plus any administrative, processing or similar fee
customarily charged by the Administrative Agent in connection with the foregoing, and (B) in
the case of a payment to be made by a Borrower, the interest rate applicable to Base Rate
Loans. If such Borrower and such Lender shall pay such interest to the Administrative Agent
for the same or an overlapping period, the Administrative Agent shall promptly remit to such
Borrower the amount of such interest paid by such Borrower for such period. If such Lender
pays its share of the applicable Borrowing to the Administrative Agent, then the amount so
paid shall constitute such Lender’s Loan included in such Borrowing. Any payment by a
Borrower shall be without prejudice to any claim such Borrower may have against a Lender
that shall have failed to make such payment to the Administrative Agent.

68

 

          (ii) Payments by Borrowers; Presumptions by Administrative Agent. Unless the
Administrative Agent shall have received notice from a Borrower prior to the date on which
any payment is due to the Administrative Agent for the account of the Lenders or any L/C
Issuer hereunder that such Borrower will not make such payment, the Administrative Agent may
assume that such Borrower has made such payment on such date in accordance herewith and may,
in reliance upon such assumption, distribute to the Lenders or any L/C Issuer, as the case
may be, the amount due. In such event, if such Borrower has not in fact made such payment,
then each of the Lenders or the applicable L/C Issuer, as the case may be, severally agrees
to repay to the Administrative Agent forthwith on demand the amount so distributed to such
Lender or such L/C Issuer, in Same Day Funds with interest thereon, for each day from and
including the date such amount is distributed to it to but excluding the date of payment to
the Administrative Agent, at the Overnight Rate.

A notice of the Administrative Agent to any Lender or any Borrower with respect to any amount owing
under this subsection (b) shall be conclusive, absent manifest error.

     (c) Failure to Satisfy Conditions Precedent. If any Lender makes available to the
Administrative Agent funds for any Loan to be made by such Lender to a Borrower as provided in the
foregoing provisions of this Article II, and such funds are not made available to such
Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set
forth in Article V are not satisfied or waived in accordance with the terms hereof, the
Administrative Agent shall return such funds (in like funds as received from such Lender) to such
Lender, without interest.

     (d) Obligation of the Lenders Several. The obligations of the Lenders hereunder to
make Loans, to fund participations in Letters of Credit and Swingline Loans and to make payments
pursuant to Section 11.04(c) are several and not joint. The failure of any Lender to make
any Loan, to fund any such participation or to make any payment under Section 11.04(c) on
any date required hereunder shall not relieve any other Lender of its corresponding obligation to
do so on such date, and no Lender shall be responsible for the failure of any other Lender to so
make its Loan, to purchase its participation or to make its payment under Section 11.04(c).

     (e) Funding Source. Nothing herein shall be deemed to obligate any Lender to obtain
the funds for any Loan in any particular place or manner or to constitute a representation by any
Lender that it has obtained or will obtain the funds for any Loan in any particular place or
manner.

     (f) Allocation of Funds. If at any time insufficient funds are received by or are
available to the Administrative Agent to pay fully all amounts of principal, L/C Borrowings,
interest and fees then due hereunder, such funds shall be applied (i) first, toward costs
and expenses (including all reasonable fees, expenses and disbursements of any law firm or other
counsel and amounts payable under Article III) incurred by the Administrative Agent and
each Lender, (ii) second, toward repayment of interest and fees then due hereunder, ratably
among the parties entitled thereto in accordance with the amounts of interest and fees then due to
such parties, and (iii) third, toward repayment of principal and L/C Borrowings then due
hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal
and L/C Borrowings then due to such parties.

 

     2.12 Sharing of Payments By Lenders.

     If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain
payment in respect of any principal of or interest on any of the Loans made by it, or the
participations in L/C Obligations or in Swingline Loans held by it resulting in such Lender’s
receiving payment of a

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proportion of the aggregate amount of such Loans or participations and accrued interest
thereon greater than its pro rata share thereof as provided herein, then the Lender receiving such
greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for
cash at face value) participations in the Loans and subparticipations in L/C Obligations and
Swingline Loans of the other Lenders, or make such other adjustments as shall be equitable, so that
the benefit of all such payments shall be shared by the Lenders ratably in accordance with the
aggregate amount of principal of and accrued interest on their respective Loans and other amounts
owing them, provided that:

     (i) if any such participations or subparticipations are purchased and all or any
portion of the payment giving rise thereto is recovered, such participations or
subparticipations shall be rescinded and the purchase price restored to the extent of such
recovery, without interest; and

     (ii) the provisions of this Section shall not be construed to apply to (x) any payment
made by a Borrower pursuant to and in accordance with the express terms of this Credit
Agreement or (y) any payment obtained by a Lender as consideration for the assignment of or
sale of a participation in any of its Loans or subparticipations in L/C Obligations or
Swingline Loans to any assignee or participant, other than to a Borrower or any Subsidiary
thereof (as to which the provisions of this Section shall apply).

Each Credit Party consents to the foregoing and agrees, to the extent it may effectively do so
under applicable law, that any Lender acquiring a participation pursuant to the foregoing
arrangements may exercise against such Credit Party rights of setoff and counterclaim with respect
to such participation as fully as if such Lender were a direct creditor of such Credit Party in the
amount of such participation.

  

     2.13 Evidence of Debt.

     (a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or
records maintained by such Lender and by the Administrative Agent in the ordinary course of
business. The accounts or records maintained by the Administrative Agent and each Lender shall be
conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the
Borrowers and the interest and payments thereon. Any failure to so record or any error in doing so
shall not, however, limit or otherwise affect the obligation of the Borrowers hereunder to pay any
amount owing with respect to the Obligations. In the event of any conflict between the accounts
and records maintained by any Lender and the accounts and records of the Administrative Agent in
respect of such matters, the accounts and records of the Administrative Agent shall control in the
absence of manifest error. Upon the request of any Lender made through the Administrative Agent,
each applicable Borrower shall execute and deliver to the Administrative Agent a Note for such
Lender, which shall evidence such Lender’s Loans in addition to such accounts or records. Each
Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount
and maturity of its Loans and payments with respect thereto.

     (b) In addition to the accounts and records referred to in subsection (a), each Lender
and the Administrative Agent shall maintain in accordance with its usual practice accounts or
records evidencing the purchases and sales by such Lender of participations in Letters of Credit
and Swingline Loans. In the event of any conflict between the accounts and records maintained by
the Administrative Agent and the accounts and records of any Lender in respect of such matters, the
accounts and records of the Administrative Agent shall control in the absence of manifest error.

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     2.14 Designated Borrowers.

     (a) Effective as of the date hereof, each Subsidiary set forth on Schedule 2.14 shall
be a “Designated Borrower” hereunder and may receive Loans for its account on the terms and
conditions set forth in this Credit Agreement.

     (b) The Borrowers may at any time, upon not less than 15 Business Days’ notice from the
Borrowers to the Administrative Agent (or such shorter period as may be agreed by the
Administrative Agent in its sole discretion), designate any additional Subsidiary (an
“Applicant Borrower”) as a Designated Borrower to receive Loans hereunder by delivering to
the Administrative Agent (which shall promptly deliver counterparts thereof to each Lender) a duly
executed notice and agreement in substantially the form of Exhibit 2.14-1 (a
“Designated Borrower Request and Assumption Agreement”). The parties hereto acknowledge
and agree that prior to any Applicant Borrower becoming entitled to utilize the credit facilities
provided for herein, (i) in the case of any Applicant Borrower that is a Foreign Subsidiary, the
Administrative Agent shall have received the written consent of the Lenders to such Foreign
Subsidiary being made Designated Borrower and (ii) the Administrative Agent and the Lenders shall
have received such supporting resolutions, incumbency certificates, opinions of counsel and other
documents or information, in form, content and scope reasonably satisfactory to the Administrative
Agent, as may be required by the Administrative Agent or the Required Lenders in their sole
discretion, and Notes signed by such new Borrowers to the extent any Lenders so require. If the
Administrative Agent and the Required Lenders agree that an Applicant Borrower shall be entitled to
receive Loans hereunder, then promptly following receipt of all such requested resolutions,
incumbency certificates, opinions of counsel and other documents or information, the Administrative
Agent shall send a notice in substantially the form of Exhibit 2.14-2 (a “Designated
Borrower Notice”) to the Borrowers and the Lenders specifying the effective date upon which the
Applicant Borrower shall constitute a Designated Borrower for purposes hereof, whereupon each of
the Lenders agrees to permit such Designated Borrower to receive Loans hereunder, on the terms and
conditions set forth herein, and each of the parties agrees that such Designated Borrower otherwise
shall be a Borrower for all purposes of this Credit Agreement; provided that no Loan Notice
or Letter of Credit Application may be submitted by or on behalf of such Designated Borrower until
the date five Business Days after such effective date.

     (c) The Obligations of the Domestic Borrowers and each Designated Borrower that is a Domestic
Subsidiary shall be joint and several in nature. The Obligations of each F/X Borrower and each
Designated Borrower that is a F/X Subsidiary shall be several, and not joint and several, in
nature. The Obligations of the India Borrowers and each Designated Borrower that is an India
Subsidiary shall be several, and not joint, in nature.

     (d) The Administrative Agent and the Lenders agree that upon delivery of the documentation
provided for in this Section 2.14 in a form satisfactory to the Administrative Agent, RIA
and its wholly-owned Subsidiary, Continental Exchange Solutions, may immediately become a
Designated Borrower hereunder without any further consent or vote of the Required Lenders.

     (e) Each Subsidiary that is or becomes a “Designated Borrower” pursuant to this Section
2.14 hereby irrevocably appoints (i) with respect to any requested Credit Extension of Domestic
Revolving Loans, Domestic Swingline Loans or Domestic L/C Obligations, EWI as its agent and (ii)
with respect to any requested Credit Extension of F/X Revolving Loans, F/X Swingline Loans or F/X
L/C Obligations, EWI as its agent and (iii) with respect to any requested Credit Extension of India
Revolving Loans, India Swingline Loans or India L/C Obligations, EWI as its agent, in each case for
all purposes relevant to this Credit Agreement and each of the other Credit Documents, including
(1) the giving and receipt of notices, (2) the execution and delivery of all documents, instruments
and certificates contemplated herein and all modifications hereto, and (3) the receipt of the
proceeds of any Loans made

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by the Lenders, to any such Designated Borrower hereunder. Any acknowledgment, consent,
direction, certification or other action which might otherwise be valid or effective only if given
or taken by all Borrowers, or by each Borrower acting singly, shall be valid and effective if given
or taken only by the respective party set forth in clauses (i) and (ii) above,
whether or not any such other Borrower joins therein. Any notice, demand, consent,
acknowledgement, direction, certification or other communication delivered to such agent, as
applicable, for the Designated Borrower in accordance with the terms of this Credit Agreement shall
be deemed to have been delivered to each Designated Borrower.

     (f) The Borrowers may from time to time, upon not less than 15 Business Days’ notice from the
Borrowers to the Administrative Agent (or such shorter period as may be agreed by the
Administrative Agent in its sole discretion), terminate a Designated Borrower’s status as such,
provided that there are no outstanding Loans payable by such Designated Borrower, or other
amounts payable by such Designated Borrower on account of any Loans made to it, as of the effective
date of such termination. The Administrative Agent will promptly notify the Lenders of any such
termination of a Designated Borrower’s status.

 

     2.15 Joint and Several Liability.

     (a) Domestic Borrowers.

     (i) Each Domestic Borrower accepts joint and several liability hereunder in
consideration of the financial accommodation to be provided by the Administrative Agent and
the Lenders under this Credit Agreement and the other Credit Documents, for the mutual
benefit, directly and indirectly, of each Domestic Borrower and in consideration of the
undertakings of each Domestic Borrower to accept joint and several liability for the
obligations of each Domestic Borrower.

     (ii) Each Domestic Borrower shall be jointly and severally liable for all Obligations
(whether borrowed by a Domestic Borrower or by an. F/X Borrower), regardless of which
Borrower actually receives Credit Extensions hereunder or the amount of such Credit
Extensions received or the manner in which the Administrative Agent or any Lender accounts
for such Credit Extensions on its books and records. Each Domestic Borrower’s obligations
with respect to Credit Extensions made to it, and each Domestic Borrower’s obligations
arising as a result of the joint and several liability of such Domestic Borrower hereunder,
with respect to Credit Extensions made to and other Obligations owing by the other Borrowers
hereunder, shall be separate and distinct obligations, but all such obligations shall be
primary obligations of each Domestic Borrower.

     (iii) Each Domestic Borrower’s obligations arising as a result of the joint and several
liability of such Domestic Borrower hereunder with respect to Credit Extensions made to and
other Obligations owing by the other Borrowers hereunder shall, to the fullest extent
permitted by law, be unconditional irrespective of (A) the validity or enforceability,
avoidance or subordination of the obligations of any other Borrower or of any promissory
note or other document evidencing all or any part of the obligations of any other Borrower,
(B) the absence of any attempt to collect the Obligations from any other Borrower, any other
guarantor, or any other security therefor, or the absence of any other action to enforce the
same, (C) the waiver, consent, extension, forbearance or granting of any indulgence by the
Administrative Agent or any Lender with respect to any provision of any instrument
evidencing the obligations of any other Borrower, or any part thereof, or any other
agreement now or hereafter executed by any other Borrower and delivered to the
Administrative Agent or any Lender, (D) the failure by the Administrative Agent or any
Lender to take any steps to perfect and maintain its security interest in, or to preserve
its

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rights to, any security or collateral for the obligations of any other Borrower, (E)
the Administrative Agent’s or any Lender’s election, in any proceeding instituted under the
Bankruptcy Code, of the application of Section 1111(b)(2) of the Bankruptcy Code, (F) any
borrowing or grant of a security interest by any other Borrower, as Debtor In Possession
under Section 364 of the Bankruptcy Code, (G) the disallowance of all or any portion of the
Administrative Agent’s or any Lender’s claim(s) for the repayment of the obligations of any
other Borrower under Section 502 of the Bankruptcy Code, or (H) any other circumstances
which might constitute a legal or equitable discharge or defense of a guarantor or of any
other Borrower. With respect to each Domestic Borrower’s obligations arising as a result of
the joint and several liability of such Domestic Borrower hereunder with respect to Credit
Extensions made to the other Borrowers hereunder, such Domestic Borrower waives, until the
Obligations shall have been paid in full and this Credit Agreement and the other Credit
Documents shall have been terminated, any right to enforce any right of subrogation or any
remedy which the Administrative Agent or any Lender now has or may hereafter have against
such Domestic Borrower, any endorser or any guarantor of all or any part of the Obligations,
and any benefit of, and any right to participate in, any security or collateral given to the
Administrative Agent or any Lender to secure payment of the Obligations or any other
liability of any Borrower to the Administrative Agent or any Lender.

     (iv) Upon the occurrence and during the continuation of any Event of Default, the
Administrative Agent and the Lenders may proceed directly and at once, without notice,
against any Domestic Borrower to collect and recover the full amount, or any portion of the
Obligations, without first proceeding against any other Borrower or any other Person, or
against any security or collateral for the Obligations. Each Domestic Borrower consents and
agrees that the Administrative Agent and the Lenders shall be under no obligation to marshal
any assets in favor of any Borrower or against or in payment of any or all of the
Obligations.

     (b) F/X Borrowers. The obligations of the F/X Borrowers under this Credit Agreement
and the other Credit Documents shall be several, and not joint, in nature (except as provided in
Article IV) and shall be limited to the F/X Obligations, provided that the F/X
Borrowers expressly waive any requirement that the Administrative Agent or any holder of the F/X
Obligations, or any of their officers, agents or representatives, exhaust any right, power or
remedy or first proceed under any of the Credit Documents or against any other Credit Party, any
other Person or any Collateral with respect to the F/X Obligations.

 

ARTICLE III

TAXES, YIELD PROTECTION AND ILLEGALITY

  

     3.01 Taxes.

     (a) Payments Free of Taxes. Any and all payments by or on account of any obligation
of any Borrower hereunder or under any other Credit Document shall be made free and clear of and
without reduction or withholding for any Indemnified Taxes or Other Taxes, provided that if
a Borrower shall be required by applicable law to deduct any Indemnified Taxes (including any Other
Taxes) from such payments, then (i) the sum payable shall be increased as necessary so that after
making all required deductions (including deductions applicable to additional sums payable under
this Section) the Administrative Agent, Lender or L/C Issuer, as the case may be, receives an
amount equal to the sum it would have received had no such deductions been made, (ii) such Borrower
shall make such deductions and (iii) such Borrower shall timely pay the full amount deducted to the
relevant Governmental Authority in accordance with applicable law. Notwithstanding the foregoing,
the F/X Borrowers and the India Borrower are not required to make an increased payment to the
Administrative Agent, a Lender or an L/C

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Issuer under this Section 3.01(a) for a Tax Deduction in respect of a tax imposed by
the United Kingdom from a payment of interest on a Loan, if on the date on which the payment falls
due:

     (w) the payment could have been made to the Administrative Agent, Lender or L/C Issuer
without a Tax Deduction if such Administrative Agent, Lender or L/C Issuer was a Qualifying
Lender, but on that date such Administrative Agent, Lender or L/C Issuer, as applicable, is
not or has ceased to be a Qualifying Lender other than as a result of any change after the
date it became the Administrative Agent, a Lender or an L/C Issuer under this Agreement in
(or in the interpretation, administration, or application of) any law or Treaty, or any
published practice or concession of any relevant taxing authority; or

     (x) (i) the relevant Administrative Agent, Lender or L/C Issuer is a Qualifying Lender
solely under sub-paragraph (b) of the definition of Qualifying Lender; (ii) the Board of the
Inland Revenue has given (and not revoked) a direction (a “Direction”) under section
349C of the Taxes Act (as that provision has effect on the date on which the Administrative
Agent, Lender or L/C Issuer became a party to this Agreement) which relates to that payment
and that Administrative Agent, Lender or L/C Issuer has received from that that F/X
Borrower, India Borrower or the Borrower Agent, as applicable, a certified copy of that
Direction; and (iii) the payment could have been made to the F/X Borrower, India Borrower or
the Borrower Agent, as applicable, without any Tax Deduction in the absence of that
Direction; or

     (y) the Administrative Agent, Lender or L/C Issuer, as applicable, is a Qualifying
Lender solely under sub-paragraph (b) of the definition of Qualifying Lender and it has not,
other than by reason of any change after the date of this Agreement in (or in the
interpretation, administration, or application of) any law, or any published practice or
concession of any relevant taxing authority, given a Tax Confirmation to the Borrower Agent;
or

     (z) the Administrative Agent, Lender or L/C Issuer, as applicable, is a Treaty Lender
and the F/X Borrower, India Borrower or the Borrower Agent, as applicable, making the
payment is able to demonstrate that the payment could have been made to the Administrative
Agent, Lender or L/C Issuer, as applicable, without the Tax Deduction had that
Administrative Agent, Lender or L/C Issuer completed all procedural formalities necessary
for that Obligor to obtain authorization to make that payment without a Tax Deduction.

     (b) Payment of Other Taxes by the Borrowers. Without limiting the provisions of
subsection (a) above, each Borrower shall timely pay any Other Taxes to the relevant Governmental
Authority in accordance with applicable law.

     (c) Indemnification by the Borrowers. The Borrowers shall indemnify the
Administrative Agent, each Lender and each L/C Issuer, within 10 days after demand therefor, for
the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes
imposed or asserted on or attributable to amounts payable under this Section) paid by the
Administrative Agent, such Lender or such L/C Issuer, as the case may be, and any penalties,
interest and reasonable expenses arising therefrom or with respect thereto, whether or not such
Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority provided, that if the Borrower reasonably believes that such Taxes were
not correctly or legally asserted, the Lender or the L/C Issuer, as the case may be, will use
reasonable efforts to cooperate with the Borrower to obtain a refund of such Taxes so long as such
efforts would not, in the reasonable determination of the Lender or the L/C Issuer, as the case may
be, result in any additional costs, expenses or risks or otherwise be disadvantageous to it.
A certificate as to the amount of such payment or liability

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delivered to the Borrowers by a Lender or an L/C Issuer (with a copy to the Administrative
Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender or an L/C Issuer,
shall be conclusive absent manifest error.

     (d) Evidence of Payments. As soon as practicable after any payment of Indemnified
Taxes or Other Taxes by a Borrower to a Governmental Authority, such Borrower shall deliver to the
Administrative Agent the original or a certified copy of a receipt issued by such Governmental
Authority evidencing such payment, a copy of the return reporting such payment or other evidence of
such payment reasonably satisfactory to the Administrative Agent.

     (e) Status of Lenders. Any Foreign Lender that is entitled to an exemption from or
reduction of withholding tax under the law of the jurisdiction in which any Borrower is resident
for tax purposes, or any treaty to which such jurisdiction is a party, with respect to payments
hereunder or under any other Credit Document shall deliver to the applicable Borrower (with a copy
to the Administrative Agent), at the time or times prescribed by applicable law or reasonably
requested by such Borrower or the Administrative Agent, such properly completed and executed
documentation prescribed by applicable law as will permit such payments to be made without
withholding or at a reduced rate of withholding. In addition, any Lender, if requested by a
Borrower or the Administrative Agent, shall deliver such other documentation prescribed by
applicable law or reasonably requested by such Borrower or the Administrative Agent as will enable
such Borrower or the Administrative Agent to determine whether or not such Lender is subject to
backup withholding or information reporting requirements.

Without limiting the generality of the foregoing, in the event that a Borrower is resident for tax
purposes in the United States, any Foreign Lender shall deliver to such Borrower and the
Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior
to the date on which such Foreign Lender becomes a Lender under this Credit Agreement (and from
time to time thereafter upon the request of such Borrower or the Administrative Agent, but only if
such Foreign Lender is legally entitled to do so), whichever of the following is applicable:

          (i) duly completed copies of Internal Revenue Service Form W-8BEN claiming eligibility
for benefits of an income tax treaty to which the United States is a party,

          (ii) duly completed copies of Internal Revenue Service Form W-8ECI,

          (iii) in the case of a Foreign Lender claiming the benefits of the exemption for
portfolio interest under section 881(c) of the Internal Revenue Code, (x) a certificate to
the effect that such Foreign Lender is not (A) a “bank” within the meaning of section
881(c)(3)(A) of the Internal Revenue Code, (B) a “10 percent shareholder” of EWI within the
meaning of section 881(c)(3)(B) of the Internal Revenue Code, or (C) a “controlled foreign
corporation” described in section 881(c)(3)(C) of the Internal Revenue Code and (y) duly
completed copies of Internal Revenue Service Form W-8BEN, or

          (iv) any other form prescribed by applicable law as a basis for claiming exemption from
or a reduction in United States Federal withholding tax duly completed together with such
supplementary documentation as may be prescribed by applicable law to permit a Borrower to
determine the withholding or deduction required to be made.

     Without limiting the obligations of the Lenders set forth above regarding delivery of certain
forms and documents to establish each Lender’s status for U.S. withholding tax purposes, each
Lender agrees promptly to deliver to the Administrative Agent or any Borrower, as the
Administrative Agent or such Borrower shall reasonably request, on or prior to the Closing Date,
and in a timely fashion thereafter,

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such other documents and forms required by any relevant taxing authorities under the Laws of
any other jurisdiction, duly executed and completed by such Lender, as are required under such Laws
to confirm such Lender’s entitlement to any available exemption from, or reduction of, applicable
withholding taxes in respect of all payments to be made to such Lender outside of the U.S. by such
Borrower pursuant to this Credit Agreement or otherwise to establish such Lender’s status for
withholding tax purposes in such other jurisdiction. Each Lender shall promptly (i) notify the
Administrative Agent of any change in circumstances which would modify or render invalid any such
claimed exemption or reduction, and (ii) take such steps as shall not be materially disadvantageous
to it, in the reasonable judgment of such Lender, and as may be reasonably necessary (including the
re-designation of its Lending Office) to entitle a Borrower to a reduction or exemption from a
requirement to make any deduction or withholding for taxes from amounts payable to such Lender
under applicable laws of any such jurisdiction. Additionally, each Borrower shall promptly deliver
to the Administrative Agent or any Lender, as the Administrative Agent or such Lender shall
reasonably request, on or prior to the Closing Date, and in a timely fashion thereafter, such
documents and forms required by any relevant taxing authorities under the Laws of any jurisdiction,
duly executed and completed by such Borrower, as are required to be furnished by such Lender or the
Administrative Agent under such Laws in connection with any payment by the Administrative Agent or
any Lender of Taxes or Other Taxes, or otherwise in connection with the Credit Documents, with
respect to such jurisdiction.

     (f) Treatment of Certain Refunds. If the Administrative Agent, any Lender or any L/C
Issuer determines, in its sole discretion, that it has received a refund of any Taxes or Other
Taxes as to which it has been indemnified by a Borrower or with respect to which a Borrower has
paid additional amounts pursuant to this Section, it shall pay to such Borrower an amount equal to
such refund (but only to the extent of indemnity payments made, or additional amounts paid, by such
Borrower under this Section with respect to the Taxes or Other Taxes giving rise to such refund),
net of all out-of-pocket expenses of the Administrative Agent, such Lender or such L/C Issuer, as
the case may be, and without interest (other than any interest paid by the relevant Governmental
Authority with respect to such refund), provided that such Borrower, upon the request of
the Administrative Agent, such Lender or such L/C Issuer, agrees to repay the amount paid over to
such Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental
Authority) to the Administrative Agent, such Lender or such L/C Issuer in the event the
Administrative Agent, such Lender or such L/C Issuer is required to repay such refund to such
Governmental Authority. This subsection shall not be construed to require the Administrative
Agent, any Lender or any L/C Issuer to make available its tax returns (or any other information
relating to its taxes that it deems confidential) to any Borrower or any other Person.

 

     3.02 Illegality.

     If any Lender determines that any Law has made it unlawful, or that any Governmental Authority
has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain
or fund LIBOR Rate Loans (whether denominated in Dollars or an Alternative Currency), or to
determine or charge interest rates based upon the LIBOR Rate, or any Governmental Authority has
imposed material restrictions on the authority of such Lender to purchase or sell, or to take
deposits of, Dollars or any Alternative Currency in the applicable interbank market, then, on
notice thereof by such Lender to the Borrowers through the Administrative Agent, any obligation of
such Lender to make or continue LIBOR Rate Loans in the affected currency or currencies or, in the
case of LIBOR Rate Loans in Dollars, to convert Loans that are Base Rate Loans to LIBOR Rate Loans
shall be suspended until such Lender notifies the Administrative Agent and the Borrowers that the
circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the
Borrowers shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or,
if applicable and such Loans are denominated in Dollars, convert all LIBOR Rate Loans of such
Lender to Base Rate Loans, either on the last day of the Interest Period therefor, if such Lender
may lawfully continue to maintain such LIBOR

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Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain
such LIBOR Rate Loans. Upon any such prepayment or conversion, the Borrowers shall also pay
accrued interest on the amount so prepaid or converted.

 

     3.03 Inability to Determine Rates.

     If the Required Lenders determine that for any reason in connection with any request for a
LIBOR Rate Loan or a conversion to or continuation thereof that (a) deposits (whether in Dollars or
a currency other than Dollars) are not being offered to banks in the applicable offshore interbank
market for such currency for the applicable amount and Interest Period of such LIBOR Rate Loan, (b)
adequate and reasonable means do not exist for determining the LIBOR Rate for any requested
Interest Period with respect to a proposed LIBOR Rate Loan (whether denominated in Dollars or
currency other than Dollars), or (c) the LIBOR Rate for any requested Interest Period with respect
to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to such Lenders of
funding such LIBOR Rate Loan, the Administrative Agent will promptly so notify the Borrowers and
each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans in the
affected currency or currencies shall be suspended until the Administrative Agent (upon the
instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, the
Borrowers may revoke any pending request for a Borrowing of, conversion to or continuation of LIBOR
Rate Loans in the affected currency or currencies or, failing that, will be deemed to have
converted such request into a request for a Borrowing of Loans that are Base Rate Loans in the
amount specified therein.

 

     3.04 Increased Cost; Capital Adequacy.

     (a) Increased Costs Generally. If any Change in Law shall:

     (i) impose, modify or deem applicable any reserve, special deposit, compulsory loan,
insurance charge or similar requirement against assets of, deposits with or for the account
of, or credit extended or participated in by, any Lender (except (A) any reserve requirement
reflected in the LIBOR Rate) and (B) the requirements of the Bank of England and the
Financial Services Authority or the European Central Bank reflected in the Mandatory Cost,
other than as set forth below) or any L/C Issuer;

     (ii) subject any Lender or any L/C Issuer to any tax of any kind whatsoever with
respect to this Credit Agreement, any Letter of Credit, any participation in a Letter of
Credit or any LIBOR Loan made by it, or change the basis of taxation of payments to such
Lender or such L/C Issuer in respect thereof (except for Indemnified Taxes or Other Taxes
covered by Section 3.01 and the imposition of, or any change in the rate of, any
Excluded Tax payable by such Lender or such L/C Issuer);

     (iii) the Mandatory Cost, as calculated hereunder, does not represent the cost to
any Lender of complying with the requirements of the Bank of England and/or the Financial
Services Authority or the European Central Bank in relation to its making, funding or
maintaining Fixed LIBOR Rate Loans; or

     (iv) impose on any Lender or any L/C Issuer or the London interbank market any
other condition, cost or expense affecting this Credit Agreement or LIBOR Loans made by such
Lender or any Letter of Credit or participation therein;

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and the result of any of the foregoing shall be to increase the cost to such Lender of making or
maintaining any LIBOR Loan (or of maintaining its obligation to make any such Loan), or to increase
the cost to such Lender or such L/C Issuer of participating in, issuing or maintaining any Letter
of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or
to reduce the amount of any sum received or receivable by such Lender or such L/C Issuer hereunder
(whether of principal, interest or any other amount) then, upon request of such Lender or such L/C
Issuer, the applicable Borrower will pay to such Lender or such L/C Issuer, as the case may be,
such additional amount or amounts as will compensate such Lender or such L/C Issuer, as the case
may be, for such additional costs incurred or reduction suffered.

     (b) Capital Requirements. If any Lender or any L/C Issuer determines that any Change
in Law affecting such Lender or such L/C Issuer or any Lending Office of such Lender or such
Lender’s or such L/C Issuer’s holding company, if any, regarding capital requirements has or would
have the effect of reducing the rate of return on such Lender’s or such L/C Issuer’s capital or on
the capital of such Lender’s or such L/C Issuer’s holding company, if any, as a consequence of this
Credit Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters
of Credit held by, such Lender, or the Letters of Credit issued by such L/C Issuer, to a level
below that which such Lender or such L/C Issuer or such Lender’s or such L/C Issuer’s holding
company could have achieved but for such Change in Law (taking into consideration such Lender’s or
such L/C Issuer’s policies and the policies of such Lender’s or such L/C Issuer’s holding company
with respect to capital adequacy), then from time to time the applicable Borrower will pay to such
Lender or such L/C Issuer, as the case may be, such additional amount or amounts as will compensate
such Lender or such L/C Issuer or such Lender’s or such L/C Issuer’s holding company for any such
reduction suffered.

     (c) Certificates for Reimbursement. A certificate of a Lender or an L/C Issuer
setting forth in reasonable detail the amount or amounts necessary to compensate such Lender or
such L/C Issuer or its holding company, as the case may be, as specified in subsection (a)
or (b) of this Section and the manner of determining such amount or amounts and delivered
to any Borrower shall be conclusive absent manifest error. Such Borrower shall pay such Lender or
such L/C Issuer, as the case may be, the amount shown as due on any such certificate within 10 days
after receipt thereof.

     (d) Delay in Requests. Failure or delay on the part of any Lender or any L/C Issuer
to demand compensation pursuant to the foregoing provisions of this Section shall not constitute a
waiver of such Lender’s or such L/C Issuer’s right to demand such compensation, provided
that a Borrower shall not be required to compensate a Lender or an L/C Issuer pursuant to the
foregoing provisions of this Section for any increased costs incurred or reductions suffered more
than nine months prior to the date that such Lender or such L/C Issuer, as the case may be,
notifies such Borrower of the Change in Law giving rise to such increased costs or reductions and
of such Lender’s or such L/C Issuer’s intention to claim compensation therefor (except that, if the
Change in Law giving rise to such increased costs or reductions is retroactive, then the nine-month
period referred to above shall be extended to include the period of retroactive effect thereof).

     (e) Additional Reserve Requirements. Each Borrower shall pay to each Lender, as
applicable and for as long as such Lender shall be required to comply with any reserve ratio
requirement or analogous requirement of any central banking or financial regulatory authority
imposed in respect of the maintenance of the Commitments or the funding of the LIBOR Rate Loans,
such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to
the nearest five decimal places) equal to the actual costs allocated to such Commitment or Loan by
such Lender (as determined by such Lender in good faith, which determination shall be conclusive),
which shall be due and payable on each date on which interest is payable on such Loan,
provided such Borrower shall have received at least 10 days’ prior notice (with a copy to
the Administrative Agent) of such additional interest from such

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Lender. If a Lender fails to give notice 10 days prior to the relevant Interest Payment Date,
such additional interest shall be due and payable 10 days from receipt of such notice.

 

     3.05 Compensation for Losses.

     Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the
applicable Borrower shall promptly compensate such Lender for and hold such Lender harmless from
any loss, cost or expense incurred by it as a result of:

     (a) any continuation, conversion, payment or prepayment of any Loan other than a Base Rate
Loan or a Floating LIBOR Rate Loan on a day other than the last day of the Interest Period for such
Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise);

     (b) any failure by a Borrower (for a reason other than the failure of such Lender to make a
Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan or a Floating
LIBOR Rate Loan on the date or in the amount notified by such Borrower;

     (c) any failure by a Borrower to make payment of any Loan or drawing under any Letter of
Credit (or interest due thereon) denominated in a currency other than Dollars on its scheduled due
date or any payment thereof in a different currency;

     (d) any assignment of a Fixed LIBOR Rate Loan on a day other than the last day of the Interest
Period therefor as a result of a request by the Borrowers pursuant to Section 11.13; or

     (e) an assignment by Bank of America pursuant to Section 11.06(b) as part of the
primary syndication of the Commitments and Loans during the one hundred eighty (180)-day period
immediately following the Closing Date, provided that Bank of America agrees to use
reasonable efforts to reduce the breakage costs payable by the Borrowers in connection therewith
(including, without limitation, to the extent reasonably practical, closing such assignments at the
end of Interest Periods of outstanding Fixed LIBOR Rate Loans);

including any foreign exchange losses and any loss or expense arising from the liquidation or
reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the
deposits from which such funds were obtained or from the performance of any foreign exchange
contract. The Borrowers shall also pay any customary administrative fees charged by such Lender in
connection with the foregoing. Any demand for compensation shall set forth in reasonable detail
the amount and method of determining the loss, cost or expenses claimed.

     For purposes of calculating amounts payable by any Borrower to Lenders under this Section
3.05, each Lender shall be deemed to have funded each Fixed LIBOR Rate Loan made by it at the
Fixed LIBOR Base Rate used in determining the Fixed LIBOR Rate for such Loan by a matching deposit
or other borrowing in the offshore interbank market for such currency for a comparable amount and
for a comparable period, whether or not such Fixed LIBOR Rate Loan was in fact so funded.

 

     3.06 Mitigation Obligations; Replacement of Lenders.

     (a) Designation of a Different Lending Office. If any Lender requests compensation
under Section 3.04, or any Borrower is required to pay any additional amount to any Lender
or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if
any Lender gives a notice pursuant to Section 3.02, then such Lender shall use reasonable
efforts to designate a different Lending Office for funding or booking its Loans hereunder or to
assign its rights and obligations

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hereunder to another of its offices, branches or affiliates, if, in the judgment of such
Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to
Section 3.01 or 3.05, as the case may be, in the future, or eliminate the need for
the notice pursuant to Section 3.02, as applicable, and (ii) in each case, would not
subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous
to such Lender. The Borrowers hereby agree to pay all reasonable costs and expenses incurred by
any Lender in connection with any such designation or assignment.

     (b) Replacement of Lenders. If any Lender requests compensation under Section
3.04, or if any Borrower is required to pay any additional amount to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 3.01, the
Borrowers may replace such Lender in accordance with Section 11.13.

 

     3.07 Survival Losses.

     All of the Borrowers’ obligations under this Article III shall survive termination of
the Aggregate Commitments and repayment of all other Obligations hereunder.

  

ARTICLE IV

GUARANTY

  

     4.01 The Guaranty.

     (a) Each of the Domestic Guarantors hereby jointly and severally guarantees to the
Administrative Agent and each of the holders of the Obligations as hereinafter provided, as primary
obligor and not as surety, the prompt payment of the Obligations in full when due (whether at
stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization
or otherwise) strictly in accordance with the terms thereof. The Domestic Guarantors hereby
further agree that if any of the Obligations are not paid in full when due (whether at stated
maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or
otherwise), the Domestic Guarantors will, jointly and severally, promptly pay the same, without any
demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of
any of the Obligations, the same will be promptly paid in full when due (whether at extended
maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or
otherwise) in accordance with the terms of such extension or renewal.

     (b) Notwithstanding any provision to the contrary contained herein or in any other of the
Credit Documents or Swap Contracts, the obligations of each Guarantor (in its capacity as such)
under this Credit Agreement and the other Credit Documents shall be limited to an aggregate amount
equal to the largest amount that would not render such obligations subject to avoidance under the
Debtor Relief Laws or any comparable provisions of any applicable Law.

 

     4.02 Obligations Unconditional.

     (a) The obligations of the Domestic Guarantors under Section 4.01 are joint and
several, absolute and unconditional, irrespective of the value, genuineness, validity, regularity
or enforceability of any of the Credit Documents or other documents relating to the Obligations, or
any substitution, compromise, release, impairment or exchange of any other guarantee of or security
for any of the Obligations, and, to the fullest extent permitted by applicable Law, irrespective of
any other circumstance whatsoever that might otherwise constitute a legal or equitable discharge or
defense of a surety or guarantor, it being the intent of

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this Section 4.02 that the obligations of the Domestic Guarantors hereunder shall be
absolute and unconditional under any and all circumstances. Each Domestic Guarantor agrees that
such Guarantor shall have no right of subrogation, indemnity, reimbursement or contribution against
the Borrowers or any other Guarantor for amounts paid under this Article IV until such time
as the Obligations have been irrevocably paid in full and the commitments relating thereto have
expired or terminated.

     (b) Without limiting the generality of the foregoing subsection, it is agreed that, to the
fullest extent permitted by Law, the occurrence of any one or more of the following shall not alter
or impair the liability of any Guarantor hereunder, which shall remain absolute and unconditional
as described above:

     (i) at any time or from time to time, without notice to any Guarantor, the time for any
performance of or compliance with any of the Obligations shall be extended, or such
performance or compliance shall be waived;

     (ii) any of the acts mentioned in any of the provisions of any of the Credit Documents,
or other documents relating to the Obligations or any other agreement or instrument referred
to therein shall be done or omitted;

     (iii) the maturity of any of the Obligations shall be accelerated, or any of the
Obligations shall be modified, supplemented or amended in any respect, or any right under
any of the Credit Documents or any other documents relating to the Obligations or any other
agreement or instrument referred to therein shall be waived or any other guarantee of any of
the Obligations or any security therefor shall be released, impaired or exchanged in whole
or in part or otherwise dealt with;

     (iv) any Lien granted to, or in favor of, the Administrative Agent or any holder of the
Obligations as security for any of the Obligations shall fail to attach or be perfected; or

     (v) any of the Obligations shall be determined to be void or voidable (including for
the benefit of any creditor of any Guarantor) or shall be subordinated to the claims of any
Person (including any creditor of any Guarantor).

     (c) With respect to its obligations hereunder, each Guarantor hereby expressly waives
diligence, presentment, demand of payment, protest, notice of acceptance of the guaranty given
hereby and of extensions of credit that may constitute obligations guaranteed hereby, notices of
amendments, waivers, consents and supplements to the Credit Documents and other documents relating
to the Obligations, or the compromise, release or exchange of collateral or security, and all other
notices whatsoever, and any requirement that the Administrative Agent or any holder of the
Obligations exhaust any right, power or remedy or proceed against any Person under any of the
Credit Documents or any other documents relating to the Obligations or any other agreement or
instrument referred to therein, or against any other Person under any other guarantee of, or
security for, any of the Obligations.

 

     4.03 Reinstatement.

     Neither the Guarantors’ obligations hereunder nor any remedy for the enforcement thereof shall
be impaired, modified, changed or released in any manner whatsoever by an impairment, modification,
change, release or limitation of the liability of the Borrowers, by reason of any Borrower’s
bankruptcy or insolvency or by reason of the invalidity or unenforceability of all or any portion
of the Obligations. In addition, the obligations of each Domestic Guarantor under this Article
IV shall be automatically reinstated if and to the extent that for any reason any payment by or
on behalf of any Person in respect of the Obligations is rescinded or must be otherwise restored by
any holder of any of the Obligations, whether as a result of any

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Debtor Relief Law or otherwise, and each Domestic Guarantor agrees that it will indemnify
the Administrative Agent and each holder of the Obligations on demand for all reasonable costs and
expenses (including reasonable attorneys’ fees and disbursements) incurred by the Administrative
Agent or such holder of the Obligations in connection with such rescission or restoration,
including any such costs and expenses incurred in defending against any claim alleging that such
payment constituted a preference, fraudulent transfer or similar payment under any Debtor Relief
Law.

 

     4.04 Certain Waivers.

     Each Guarantor acknowledges and agrees that (a) the guaranty given hereby may be enforced
without the necessity of resorting to or otherwise exhausting remedies in respect of any other
security or collateral interests, and without the necessity at any time of having to take recourse
against the Borrowers hereunder or against any collateral securing the Obligations or otherwise,
and (b) it will not assert any right to require the action first be taken against the Borrowers or
any other Person (including any co-guarantor) or pursuit of any other remedy or enforcement any
other right, and (c) nothing contained herein shall prevent or limit action being taken against the
Borrowers hereunder, under the other Credit Documents or the other documents and agreements
relating to the Obligations or from foreclosing on any security or collateral interests relating
hereto or thereto, or from exercising any other rights or remedies available in respect thereof, if
neither the Borrowers nor the Guarantors shall timely perform their obligations, and the exercise
of any such rights and completion of any such foreclosure proceedings shall not constitute a
discharge of the Guarantors’ obligations hereunder unless as a result thereof, the Obligations
shall have been paid in full and the commitments relating thereto shall have expired or terminated,
it being the purpose and intent that the Guarantors’ obligations hereunder be absolute,
irrevocable, independent and unconditional under all circumstances. Each Guarantor agrees that
such Guarantor shall have no right of recourse to security for the Obligations, except through the
exercise of rights of subrogation pursuant to Section 4.02 and through the exercise of
rights of contribution pursuant to Section 4.06.

  

     4.05 Remedies.

     The Domestic Guarantors agree that, to the fullest extent permitted by Law, as between the
Domestic Guarantors, on the one hand, and holders of the Obligations, on the other hand, the
Obligations may be declared to be forthwith due and payable as provided in Section 9.02
(and shall be deemed to have become automatically due and payable in the circumstances specified in
Section 9.02) for purposes of Section 4.01 notwithstanding any stay, injunction or
other prohibition preventing such declaration (or preventing the Obligations from becoming
automatically due and payable) as against any other Person and that, in the event of such
declaration (or the Obligations being deemed to have become automatically due and payable), the
Obligations (whether or not due and payable by any other Person) shall forthwith become due and
payable by the Domestic Guarantors for purposes of Section 4.01. The Domestic Guarantors
acknowledge and agree that their obligations hereunder are secured in accordance with the terms of
the Collateral Documents and that the holders of the Obligations may exercise their remedies
thereunder in accordance with the terms thereof.

 

     4.06 Rights of Contribution.

     The Domestic Guarantors hereby agree as among themselves that, in connection with payments
made hereunder, each Domestic Guarantor shall have a right of contribution from each other Domestic
Guarantor in accordance with applicable Law. Such contribution rights shall be subordinate and
subject in right of payment to the Obligations until such time as the Obligations have
been irrevocably paid in full and the commitments relating thereto shall have expired or been
terminated, and none of the Domestic Guarantors

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shall exercise any such contribution rights until the Obligations have been irrevocably paid
in full and the commitments relating thereto shall have expired or been terminated.

 

     4.07 Guaranty of Payment; Continuing Guaranty.

     The guarantee given by the Domestic Guarantors in this Article IV is a guaranty of
payment and not of collection, is a continuing guarantee, and shall apply to all Obligations
whenever arising.

  

ARTICLE V

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

  

     5.01 Conditions to Initial Credit Extensions.

     The obligation of each L/C Issuer and each Lender to make initial Credit Extensions hereunder
is subject to satisfaction of the following conditions precedent:

     (a) Executed Credit Documents. Receipt by the Administrative Agent of executed
counterparts of the Credit Agreement, the Notes requested by the Lenders, the Guaranties, the
Security Agreements, the Pledge Agreements and the other Credit Documents required on the Closing
Date, as indicated in Schedule 5.01 attached hereto, in each case in form and substance
satisfactory to the Administrative Agent and the Lenders.

     (b) Acquisition Approvals and Documents. Receipt by the Administrative Agent of the
following:

       (i) Acquisition Agreement and Related Confirmations. An officer’s certificate
in form an substance reasonably satisfactory to the Administrative Agent with (A) a
certified copy of the RIA Acquisition Agreement with all amendments, modifications,
supplements and attachments, (B) confirmation that there have been no material
modifications to the RIA Acquisition Agreement, except as approved by the Arranger, (C)
confirmation that the RIA Acquisition has been, or contemporaneously with the closing and
initial funding under this Credit Agreement, will be consummated in accordance with the
terms of the RIA Acquisition Agreement and in compliance with applicable laws and
regulatory approvals, and (D) confirmation that, among other things, the purchase price is
not greater than $380 million in cash plus the aggregate value of 4,053,606 shares of EWI’s
common stock (with an approximate value of $109,568,970 as of the close of business on
April 2, 2007) for total consideration in an aggregate amount equal to approximately
$489,568,970 (exclusive of transaction costs, stock appreciation rights and contingent
valuation rights).

       (ii) Required Consents. Evidence of receipt of all governmental, shareholder
and third party consents (including Hart-Scott-Rodino clearance) and approvals necessary
(and transfer of all state MSB licenses), or, in the reasonable opinion of the
Administrative Agent, desirable in connection with the RIA Acquisition and the related
financings and other transactions contemplated in connection therewith and expiration of
all applicable waiting periods without any action being taken by any authority that could
restrain, prevent or impose any material adverse conditions on EWI or members of the
Consolidated Group or such other transactions or that could seek or threaten any of the
foregoing, and no law or regulation shall be applicable which in the reasonable judgment of
the Administrative Agent could have such effect.

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       (iii) Debt Rating. Evidence of a corporate family rating from Moody’s and a
corporate credit rating from S&P, and confirmation that such ratings remain in effect on
the Closing Date.

       (iv) BSA/AML Audit. Receipt by the Administrative Agent and the Lenders of
copies of the BSA/AML audit relating to RIA and its subsidiaries conducted by Crowe Chizek
in form and detail satisfactory, and with results and findings reasonably acceptable, to
the Administrative Agent and the Required Lenders.

     (c) Financial Information. Receipt by the Administrative Agent of the following:

       (i) EWI. For EWI and its subsidiaries on a consolidated basis, audited
financial statements, including a balance sheet, income statement and statement of cash
flows (including notes) for the fiscal year ending December 31, 2006.

       (ii) RIA. For RIA and its subsidiaries on a consolidated basis, audited
financial statements, including a balance sheet, income statement and statement of cash
flows (including notes) for the fiscal year ending December 31, 2006.

       (iii) Pro Forma Financial Statements. For the Consolidated Group after giving
effect to the RIA Acquisition, pro forma financial statements, including a balance sheet,
income statement and statement of cash flows, for the fiscal year most recently ended, in
form, detail and substance satisfactory to the Administrative Agent, the Arranger and the
Lenders.

     (d) Organization Documents, Etc. The Administrative Agent’s receipt of a duly
executed certificate of a Responsible Officer of each Credit Party, in form and substance
satisfactory to the Administrative Agent and each of the Lenders, attaching each of the following
documents and certifying that each is true, correct and complete and in full force and effect as of
the Closing Date:

       (i) Charter Documents. Copies of its articles or certificate of organization
or formation, certified (if relevant) to be true, correct and complete as of a recent date
by the appropriate Governmental Authority of the jurisdiction of its organization or
formation , including, in relation to a Dutch Obligor, an extract from the Dutch trade
register relating to it;

       (ii) Bylaws. Copies of its bylaws, operating agreement or partnership
agreement;

       (iii) Resolutions. Copies of its resolutions approving and adopting the
Credit Documents to which it is party, the transactions contemplated therein, and
authorizing the execution and delivery thereof, including, in relation to a Dutch Obligor,
(i) a concurring advice of any works council which has advisory rights in respect of the
transactions contemplated by the Credit Documents and (ii) a written resolution by (a) all
its shareholders, (b) its board of managing directors and (c) its board of supervisory
directors
(if any) approving execution and the terms of, and the transactions contemplated by,
the Credit Documents to which it is a party, and including, in relation to any English
Obligor, (i) a written resolution by all of its shareholders (such requirement not to apply
to Borrowers that are English Obligors) and (ii) a resolution of its board of directors
approving execution and the terms of, and the transactions contemplated by, the Credit
Documents to which it is a party;

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       (iv) Incumbency. Incumbency certificates identifying the Responsible Officers
of such Credit Party that are authorized to execute Credit Documents and to act on such
Credit Party’s behalf in connection with the Credit Documents; and

       (v) Good Standing Certificates. If relevant, certificates of good standing or
the equivalent from its jurisdiction of organization or formation and from each other
jurisdiction where failure to be in good standing would reasonably be expected to have a
Material Adverse Effect, in each case certified as of a recent date by the appropriate
Governmental Authority.

       (vi) German Obligor Organizational Documents. In the case of each of the
German Obligors only, instead of the deliveries required by the immediately foregoing
clauses (i) through (iv), a certified excerpt from the commercial register
as well as copies of its current articles of association.

     (e) Legal Opinions. Receipt by the Administrative Agent of favorable legal opinions
of counsel for EWI and the other Credit Parties, in form and substance reasonably satisfactory to
the Administrative Agent and the Lenders regarding, among other things, existence and due
authorization, execution, delivery and enforceability of the Credit Documents, no violation of
Organization Documents, certain material agreements or applicable Law caused by the execution,
delivery and performance of the Credit Documents, and the attachment and perfection of security
interests in the Collateral pledged to secure the loans and obligations hereunder (including local
counsel opinions).

     (f) Officer Certificates. The Administrative Agent’s receipt of a certificate or
certificates of a Responsible Officer of EWI, dated as of the Closing Date, in form and substance
satisfactory to the Administrative Agent, certifying each of the following:

       (i) Consents. No consents, licenses or approvals are required in connection
with the execution, delivery and performance by any Credit Party of the Credit Documents to
which it is a party, other than as are in full force and effect and, to the extent
requested by the Administrative Agent, are attached thereto;

       (ii) Material Adverse Effect. There has been no event or circumstance since
the date of the audited financial statements for the fiscal year ending December 31, 2006
that has had or would reasonably be expected to have, either individually or in the
aggregate, a Material Adverse Effect;

       (iii) Financial Covenant Calculations. The calculation of the financial
covenants set forth in Section 8.13 as of December 31, 2006; and

       (iv) Borrowing/Guaranteeing Limits. A certificate of each English Obligor
(signed by a director) confirming that borrowing or guaranteeing, as appropriate, the
Commitments would not cause any borrowing, guaranteeing or similar limit binding on
any Credit Party to be exceeded.

     (g) Personal Property Collateral. The Collateral Agent’s receipt of the following,
each in form and substance satisfactory to the Collateral Agent:

       (i) Lien Priority. Evidence that (A) the Collateral Agent, on behalf of the
Lenders, holds a perfected, first priority Lien on all Collateral and (B) none of the
Collateral is subject to any Liens (other than Permitted Liens);

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       (ii) UCC Financing Statements. Such UCC financing statements as are necessary
or appropriate, in the Collateral Agent’s discretion, to perfect the security interests in
the Collateral;

       (iii) Intellectual Property. Such patent, trademark and copyright notices and
recordations as are necessary or appropriate, in the Collateral Agent’s discretion, to
perfect the security interests in the Credit Parties’ IP Rights; and

       (iv) Capital Stock. Original certificates evidencing the Capital Stock
pledged pursuant to the Collateral Documents (to the extent such Capital Stock is
certificated), together with undated stock transfer powers executed in blank.

     (h) Evidence of Insurance. The Collateral Agent’s receipt of copies of insurance
certificates or policies with respect to all insurance required to be maintained pursuant to the
Credit Documents identifying the Collateral Agent as sole loss payee, with respect to flood hazard
and casualty insurance, and as additional insured, with respect to liability insurance.

     (i) Existing Credit Agreements. The Administrative Agent’s receipt of evidence, in
form and substance satisfactory to the Administrative Agent, that the Existing Credit Agreements
have been (or concurrently with the Closing Date is being) terminated and all Liens securing
obligations under the Existing Credit Agreements have been (or concurrently with the Closing Date
are being) released.

     (j) Other. The Administrative Agent’s receipt of such other assurances, certificates,
documents, consents or opinions as the Administrative Agent or the Lenders may require.

     (k) Fees and Expenses. All fees and expenses (including, unless waived by the
Administrative Agent, all reasonable fees, expenses and disbursements of any law firm or other
counsel) required to be paid on or before the Closing Date shall have been paid.

Without limiting the generality of the provisions of the last paragraph of Section 10.03,
for purposes of determining compliance with the conditions specified in this Section 5.01,
each Lender that has signed this Credit 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 Lender unless the Administrative Agent shall
have received notice from such Lender prior to the proposed Closing Date specifying its objection
thereto.

 

     5.02 Conditions to all Credit Extensions.

     The obligation of each Lender to honor any Request for Credit Extension is subject to the
following conditions precedent:

     (a) The representations and warranties of each Credit Party contained in Article VI or
any other Credit Document, or that are contained in any document furnished at any time under or in
connection herewith or therewith, shall be true and correct in all material respects on and as of
the date of such Credit Extension, except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they shall be true and correct in all material
respects as of such earlier date, and except that for purposes of this Section 5.02, the
representations and warranties contained in subsections (a) and (b) of Section
6.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses
(a) and (b), respectively, of Section 7.01.

     (b) No Default or Event of Default shall exist, or would result from such proposed Credit
Extension or from the application of the proceeds thereof.

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     (c) The Administrative Agent and, if applicable, the applicable L/C Issuer or the Swingline
Lender shall have received a Request for Credit Extension in accordance with the requirements
hereof.

     (d) In the case of a Credit Extension to be denominated in an Alternative Currency, there
shall not have occurred any change in national or international financial, political or economic
conditions or currency exchange rates or exchange controls which in the reasonable opinion of the
Administrative Agent, the Required Lenders (in the case of any Loans to be denominated in an
Alternative Currency) or the applicable L/C Issuer (in the case of any Letter of Credit to be
denominated in an Alternative Currency) would make it impracticable for such Credit Extension to be
denominated in the relevant Alternative Currency.

     Each Request for Credit Extension submitted by any Borrower shall be deemed to be a
representation and warranty by the Borrowers that the conditions specified in Sections
5.02(a) and (b) have been satisfied on and as of the date of the applicable Credit
Extension.

 

ARTICLE VI

REPRESENTATIONS AND WARRANTIES

     Except as otherwise provided in Section 6.20, each of the Credit Parties represent and
warrant to the Administrative Agent and the Lenders that:

  

     6.01 Existence, Qualification and Power.

     Each Credit Party and each Subsidiary thereof (a) is duly organized or formed, validly
existing and in good standing under the Laws of the jurisdiction of its incorporation or
organization, (b) has all requisite power and authority and all requisite governmental licenses,
authorizations, consents and approvals to (i) own or lease its assets and carry on its business and
(ii) execute, deliver and perform its obligations under the Credit Documents to which it is a
party, (c) is duly qualified and is licensed and in good standing under the Laws of each
jurisdiction where its ownership, lease or operation of properties or the conduct of its business
requires such qualification or license, and (d) is in compliance with all Laws; except in each case
referred to in clause (b)(i), (c) or (d), to the extent that failure to do
so could not reasonably be expected to have a Material Adverse Effect.

  

     6.02 Authorization; No Contravention.

     The execution, delivery and performance by each Credit Party of each Credit Document to which
such Person is party, have been duly authorized by all necessary corporate or other organizational
action, and do not and will not (a) contravene the terms of any of such Person’s Organization
Documents; (b) conflict with or result in any breach or contravention of, or the creation of any
Lien under, or require any payment to be made under (i) any Contractual Obligation to which such
Person is a party or affecting such Person or the properties of such Person or any of its
Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or any
arbitral award to which such Person or its property is subject; or (c) violate any Law. Each
Credit Party is in compliance with all Contractual Obligations referred to in clause
(b)(i), except to the extent that failure to do so could not reasonably be expected to have a
Material Adverse Effect.

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     6.03 Governmental Authorization; Other Consents.

     No approval, consent, exemption, authorization, or other action by, or notice to, or filing
with, any Governmental Authority or any other Person is necessary or required in connection with
the execution, delivery or performance by, or enforcement against, any Credit Party of this Credit
Agreement or any other Credit Document (other than (a) as have already been obtained and are in
full force and effect and (b) filings to perfect security interests granted pursuant to the Credit
Documents).

     6.04 Binding Effect.

     This Credit Agreement has been, and each other Credit Document, when delivered hereunder, will
have been, duly executed and delivered by each Credit Party that is party thereto. This Credit
Agreement constitutes, and each other Credit Document when so delivered will constitute, a legal,
valid and binding obligation of such Credit Party, enforceable against each Credit Party that is
party thereto in accordance with its terms, except as enforceability may be limited by Debtor
Relief Laws and subject to equitable principles.

     6.05 Financial Statements.

     (a) The audited consolidated and consolidating balance sheet of the Consolidated Group for the
most recent fiscal year ended, and the related consolidated and consolidating statements of income
or operations, shareholders’ equity and cash flows for such fiscal year, including the notes
thereto (i) were prepared in accordance with GAAP consistently applied throughout the period
covered thereby, except as otherwise expressly noted therein; (ii) fairly present in all material
respects the financial condition of the Consolidated Group as of the date thereof and their results
of operations for the period covered thereby in accordance with GAAP consistently applied
throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) show
all material indebtedness and other liabilities, direct or contingent, of the Consolidated Group as
of the date thereof, including liabilities for taxes, material commitments and indebtedness.

     (b) The unaudited consolidated and consolidating balance sheet of the Consolidated Group for
the most recent fiscal quarter ended, and the related consolidated and consolidating statements of
income or operations, shareholders’ equity and cash flows for such fiscal quarter (i) were prepared
in accordance with GAAP consistently applied throughout the period covered thereby, except as
otherwise expressly noted therein, (ii) fairly present in all material respects the financial
condition of the Consolidated Group as of the date thereof and their results of operations for the
period covered thereby, subject, in the case of clauses (i) and (ii), to the
absence of footnotes and to normal year-end audit adjustments, and (iii) show all material
indebtedness and other liabilities, direct or contingent, of the Consolidated Group as of the date
of such financial statements, including liabilities for taxes, material commitments and
Indebtedness.

     (c) The consolidated pro forma balance sheet of EWI and its Subsidiaries as at December 31,
2006 and the related consolidated pro forma statements of income and cash flows of EWI and its
Subsidiaries for the year then ended, fairly present in all material respects the consolidated pro
forma financial condition of EWI and its Subsidiaries as at such date and the consolidated pro
forma results of operations of EWI and its Subsidiaries for the period ended on such date, all in
accordance with GAAP.

     (d) The consolidated forecasted balance sheet and statements of income and cash flows of EWI
and its Subsidiaries delivered pursuant to Section 5.01(c) were prepared in good faith on
the basis of the assumptions stated therein, which assumptions were fair in light of the conditions
existing at the time

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of delivery of such forecasts, and represented, at the time of delivery, EWI’s best estimate
of its future financial performance.

     6.06 No Material Adverse Effect.

     Since December 31, 2006, there has been no event or circumstance, either individually or in
the aggregate, that has had or would reasonably be expected to have a Material Adverse Effect.

 

     6.07 Litigation.

     There are no actions, suits, investigations, criminal prosecutions, civil investigative
demands, imposition of criminal or civil fines or penalties, proceedings, claims or disputes
pending or, to the knowledge of the Borrowers after due and diligent investigation or threatened,
at law, in equity, in arbitration or before any Governmental Authority, by or against the any
member of the Consolidated Group or against any of their properties or revenues that (a) purport
to affect or pertain to this Credit Agreement or any other Credit Document, or any of the
transactions contemplated hereby, or (b) either individually or in the aggregate, if determined
adversely, would reasonably be expected to have a Material Adverse Effect.

 

     6.08 No Default.

     No Default or Event of Default has occurred and is continuing or would result from the
consummation of the transactions contemplated by this Credit Agreement or any other Credit
Document.

 

     6.09 Ownership of Property; Liens.

     Each member of the Consolidated Group has good record and marketable title in fee simple to,
or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its
business, except for such defects in title as would not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect. The property of the Consolidated Group
is subject to no Liens, other than Permitted Liens.

 

     6.10 Environmental Compliance.

     The Consolidated Group conducts in the ordinary course of business a review of the effect of
existing Environmental Laws and claims alleging potential liability or responsibility for violation
of any Environmental Law on their respective businesses, operations and properties, and as a result
thereof the Borrowers have reasonably concluded that such Environmental Laws and claims would not,
individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

     6.11 Insurance.

     The properties of the Consolidated Group are insured with financially sound and reputable
insurance companies not Affiliates of the Borrowers, in such amounts (after giving effect to any
self-insurance compatible with the following standards), with such deductibles and covering such
risks as are customarily carried by companies engaged in similar businesses and owning similar
properties in localities where any of the Borrowers or any of their Subsidiaries operates.

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     6.12 Taxes.

     Each member of the Consolidated Group has filed all federal, material state and other material
tax returns and reports required to be filed, and have paid all federal, state and other material
taxes, assessments, fees and other governmental charges levied or imposed upon them or their
properties, income or assets otherwise due and payable, except those that are being contested in
good faith by appropriate proceedings diligently conducted and for which adequate reserves have
been provided in accordance with GAAP. There is no proposed tax assessment against any Borrower or
any Subsidiary that would, if made, have a Material Adverse Effect. Neither any Credit Party nor
any Subsidiary thereof is party to any tax sharing agreement, except that the Subsidiaries of Delta
Euronet GmbH incorporated in Germany have concluded a profit and loss transfer agreement with Delta
Euronet GmbH.

 

     6.13 ERISA Compliance.

     (a) Each Plan is in compliance in all material respects with the applicable provisions of
ERISA, the Internal Revenue Code and other federal or state Laws. Each Plan that is intended to
qualify under Section 401(a) of the Internal Revenue Code has received a favorable determination
letter from the IRS or an application for such a letter is currently pending before the IRS with
respect thereto and, to the best knowledge of EWI, nothing has occurred that would prevent, or
cause the loss of, such qualification. EWI and each ERISA Affiliate have made all required
contributions to each Plan subject to Section 412 of the Internal Revenue Code, and no application
for a funding waiver or an extension of any amortization period pursuant to Section 412 of the
Internal Revenue Code has been made with respect to any Plan.

     (b) There are no pending or, to the best knowledge of EWI, threatened claims, actions or
lawsuits, or action by any Governmental Authority, with respect to any Plan that would be
reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction
or violation of the fiduciary responsibility rules with respect to any Plan that has resulted or
would reasonably be expected to result in a Material Adverse Effect.

     (c) (i) No ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension Plan
has any Unfunded Pension Liability; (iii) neither EWI nor any ERISA Affiliate has incurred, or
reasonably expects to incur, any liability under Title IV of ERISA with respect to any Pension Plan
(other than premiums due and not delinquent under Section 4007 of ERISA); (iv) neither EWI nor any
ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has
occurred that, with the giving of notice under Section 4219 of ERISA, would result in such
liability) under Sections 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (v)
neither EWI nor any ERISA Affiliate has engaged in a transaction that would reasonably be expected
to be subject to Sections 4069 or 4212(c) of ERISA.

     6.14 Subsidiaries.

     As of the Closing Date, set forth on Schedule 6.14, with respect to each Credit Party,
is the jurisdiction of organization, classes of Capital Stock (including options, warrants, rights
of subscription, conversion, exchangeability and other similar rights), and ownership and ownership
percentages of each Subsidiary of such Credit Party. The outstanding Capital Stock has been
validly issued, is owned free of Liens, and with respect to any outstanding shares of Capital Stock
of a corporation, such shares have been validly issued and are fully paid and non-assessable. The
outstanding shares of Capital Stock are not subject to any buy-sell, voting trust or other
shareholder agreement except as identified on Schedule 6.14. As of the Closing Date, the
Credit Parties have no Subsidiaries other than those specifically disclosed on Schedule
6.14.

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     6.15 Margin Regulations; Investment Company Act.

     (a) The Credit Parties are not engaged and will not engage, principally or as one of their
important activities, in the business of purchasing or carrying “margin stock” (within the meaning
of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying
margin stock.

     (b) None of the Credit Parties, any Person Controlling a Credit Party, or any Subsidiary is or
is required to be registered as an “investment company” under the Investment Company Act of 1940.

 

     6.16 Disclosure.

     Each Credit Party has disclosed to the Administrative Agent and the Lenders all agreements,
instruments and corporate or other restrictions to which it or any of its Subsidiaries is subject,
and all other matters known to it, that, individually or in the aggregate, would reasonably be
expected to result in a Material Adverse Effect. No report, financial statement, certificate or
other information furnished (whether in writing or orally) by or on behalf of any Credit Party to
the Administrative Agent or any Lender in connection with the transactions contemplated hereby and
the negotiation of this Credit Agreement or delivered hereunder or under any other Credit Document
(in each case, as modified or supplemented by other information so furnished) contains any material
misstatement of fact or omits to state any material fact necessary to make the statements therein,
in the light of the circumstances under which they were made, not misleading; provided
that, (a) with respect to projected financial information, each applicable Credit Party represents
only that such information was prepared in good faith based upon assumptions believed to be
reasonable at the time and (b) with respect to general industry information, the foregoing
representation is only to the best of the applicable Credit Party’s knowledge.

 

     6.17 Compliance with Laws.

     Each member of the Consolidated Group is in compliance in all material respects with the
requirements of all Laws and all orders, writs, injunctions, settlements or other agreements with
any Governmental Authority and decrees applicable to it or to its properties, except in such
instances in which (a) such requirement of Law or order, writ, injunction or decree is being
contested in good faith by appropriate proceedings diligently conducted or (b) the failure to
comply therewith, either individually or in the aggregate, would not reasonably be expected to have
a Material Adverse Effect.

 

     6.18 Taxpayer Identification Number; Other Identifying Information.

     The true and correct U.S. taxpayer identification number, if any, of each Borrower is set
forth on Schedule 6.18.

 

     6.19 Solvency.

     Immediately after giving effect to the initial Credit Extensions made on the Closing Date, (a)
the fair value of the assets of each Credit Party will exceed its debts and liabilities,
subordinated, contingent or otherwise; (b) the present fair saleable value of the property of each
Credit Party will be greater than the amount that will be required to pay the probable liability of
its debts and other liabilities, subordinated, contingent or otherwise, as such debts and other
liabilities become absolute and mature; and (c) no Credit Party will have unreasonably small
capital with which to conduct the business in which it is engaged as such business is now conducted
and is proposed to be conducted following the Closing Date.

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     6.20 Intellectual Property; Licenses, Etc.

     Each member of the Consolidated Group owns, or possesses the right to use, all of the
trademarks, service marks, trade names, copyrights, patents, patent rights, franchises, licenses
and other intellectual property rights (collectively, “IP Rights”) that are reasonably
necessary for the operation of their respective businesses, without conflict with the rights of any
other Person. To the best knowledge of the Credit Parties, no slogan or other advertising device,
product, process, method, substance, part or other material now employed, or now contemplated to be
employed,
by any member of the Consolidated Group infringes upon any rights held by any other Person.
No claim or litigation regarding any of the foregoing is pending or, to the best knowledge of the
Credit Parties, threatened, that, either individually or in the aggregate, would reasonably be
expected to have a Material Adverse Effect.

 

     6.21 Representations as to Foreign Obligors.

     Each of the Foreign Credit Parties and Foreign Obligors represents and warrants to the
Administrative Agent and the Lenders that:

       (a) Such Foreign Obligor is subject to civil and commercial Laws with respect to its
obligations under this Credit Agreement and the other Credit Documents to which it is a
party (collectively as to such Foreign Obligor, the “Applicable Foreign Obligor
Documents”), and the execution, delivery and performance by such Foreign Obligor of the
Applicable Foreign Obligor Documents constitute and will constitute private and commercial
acts and not public or governmental acts. Neither such Foreign Obligor nor any of its
property has any immunity from jurisdiction of any court or from any legal process (whether
through service or notice, attachment prior to judgment, attachment in aid of execution,
execution or otherwise) under the laws of the jurisdiction in which such Foreign Obligor is
organized and existing in respect of its obligations under the Applicable Foreign Obligor
Documents.

       (b) The Applicable Foreign Obligor Documents are in proper legal form under the Laws
of the jurisdiction in which such Foreign Obligor is organized and existing for the
enforcement thereof against such Foreign Obligor under the Laws of such jurisdiction, and
to ensure the legality, validity, enforceability, priority or admissibility in evidence of
the Applicable Foreign Obligor Documents. It is not necessary to ensure the legality,
validity, enforceability, priority or admissibility in evidence of the Applicable Foreign
Obligor Documents that the Applicable Foreign Obligor Documents be filed, registered or
recorded with, or executed or notarized before, any court or other authority in the
jurisdiction in which such Foreign Obligor is organized and existing or that any
registration charge or stamp or similar tax be paid on or in respect of the Applicable
Foreign Obligor Documents or any other document, except for (i) any such filing,
registration, recording, execution or notarization as has been made or is not required to
be made until the Applicable Foreign Obligor Document or any other document is sought to be
enforced, (ii) the requirement of notarization of those F/X
Pledge Agreement by which the shares in the German Obligor are pledged and (iii) any charge or tax as has been timely
paid.

       (c) There is no material tax, levy, impost, duty, fee, assessment or other
governmental charge, or any deduction or withholding, imposed by any Governmental Authority
in or of the jurisdiction in which such Foreign Obligor is organized and existing either
(i) on or by virtue of the execution or delivery of the Applicable Foreign Obligor
Documents or (ii) on any payment to be made by such Foreign Obligor pursuant to the
Applicable Foreign Obligor Documents, except as has been disclosed to the Administrative
Agent.

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       (d) The execution, delivery and performance of the Applicable Foreign Obligor
Documents executed by such Foreign Obligor are, under applicable foreign exchange control
regulations of the jurisdiction in which such Foreign Obligor is organized and existing,
not subject to any notification or authorization except (i) such as
have been made or obtained or (ii) such as cannot be made or obtained until a later
date (provided that any notification or authorization described in clause (ii)
shall be made or obtained as soon as is reasonably practicable).

       (e) Each Dutch Obligor has given any works council (ondernemingsraad) that under the
Works Councils Act (Wet op de ondernemingsraden) has the right to give advice in relation
to the entry into and performance of the Credit Documents, the opportunity to give such
advice and has obtained unconditional positive advice from such works council.

     6.22 Security Agreement.

     (a) Domestic Security Agreement. The Domestic Security Agreement is effective to
create in favor of the Domestic Collateral Agent, for the ratable benefit of the holders of the
secured obligations identified therein, a legal, valid and enforceable security interest in the
Collateral identified therein, except to the extent the enforceability thereof may be limited by
applicable Debtor Relief Laws affecting creditors’ rights generally and by equitable principles of
law (regardless of whether enforcement is sought in equity or at law) and, when UCC financing
statements (or other appropriate notices) in appropriate form are duly filed at the locations
identified in the Domestic Security Agreement, the Domestic Security Agreement shall create a fully
perfected first priority Lien on, and security interest in, all right, title and interest of the
grantors thereunder in such Collateral, in each case prior and superior in right to any other Lien
(other than Permitted Liens).

     (a) F/X Security Agreement. The F/X Security Agreement is effective to create in
favor of the F/X Collateral Agent, for the ratable benefit of the holders of the secured
obligations identified therein, a legal, valid and enforceable security interest in the Collateral
identified therein, except to the extent the enforceability thereof may be limited by applicable
Debtor Relief Laws affecting creditors’ rights generally and by equitable principles of law
(regardless of whether enforcement is sought in equity or at law) and, when appropriate notices and
filings have been made in the appropriate jurisdictions, the F/X Security Agreement shall create a
fully perfected first priority Lien on, and security interest in, all right, title and interest of
the grantors thereunder in such Collateral, in each case prior and superior in right to any other
Lien (other than Permitted Liens).

     (a) India Security Agreement. The India Security Agreement is effective to create in
favor of the India Collateral Agent, for the ratable benefit of the holders of the secured
obligations identified therein, a legal, valid and enforceable security interest in the Collateral
identified therein, except to the extent the enforceability thereof may be limited by applicable
Debtor Relief Laws affecting creditors’ rights generally and by equitable principles of law
(regardless of whether enforcement is sought in equity or at law) and, when appropriate notices and
filings have been made in the appropriate jurisdictions, the India Security Agreement shall create
a fully perfected first priority Lien on, and security interest in, all right, title and interest
of the grantors thereunder in such Collateral, in each case prior and superior in right to any
other Lien (other than Permitted Liens).

     6.23 Pledge Agreement.

     (a) Domestic Pledge Agreement. The Domestic Pledge Agreement is effective to create
in favor of the Domestic Collateral Agent, for the ratable benefit of the holders of the secured
obligations identified therein, a legal, valid and enforceable security interest in the
Collateral identified therein,

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except to the extent the enforceability thereof may be limited by applicable Debtor Relief
Laws affecting creditors’ rights generally and by equitable principles of law (regardless of
whether enforcement is sought in equity or at law) and the Domestic Pledge Agreement shall create a
fully perfected first priority Lien on, and security interest in, all right, title and interest of
the pledgors thereunder in such Collateral, in each case prior and superior in right to any other
Lien (i) with respect to any such Collateral that is a “security” (as such term is defined in the
UCC) and is evidenced by a certificate, when such Collateral is delivered to the Collateral Agent
with duly executed stock powers with respect thereto, (ii) with respect to any such Collateral that
is a “security” (as such term is defined in the UCC) but is not evidenced by a certificate, when
UCC financing statements in appropriate form are filed in the appropriate filing offices in the
jurisdiction of organization of the pledgor or when “control” (as such term is defined in the UCC)
is established by the Collateral Agent over such interests in accordance with the provision of
Section 8-106 of the UCC, or any successor provision, and (iii) with respect to any such Collateral
that is not a “security” (as such term is defined in the UCC), when UCC financing statements in
appropriate form are filed in the appropriate filing offices in the jurisdiction of organization of
the pledgor.

     (b) F/X Pledge Agreement. The F/X Pledge Agreement is effective to create in favor of
the F/X Collateral Agent, for the ratable benefit of the holders of the secured obligations
identified therein, a legal, valid and enforceable security interest in the Collateral identified
therein, except to the extent the enforceability thereof may be limited by applicable Debtor Relief
Laws affecting creditors’ rights generally and by equitable principles of law (regardless of
whether enforcement is sought in equity or at law) and the F/X Pledge Agreement shall create a
fully perfected first priority Lien on, and security interest in, all right, title and interest of
the pledgors thereunder in such Collateral, in each case prior and superior in right to any other
Lien.

     (c) India Pledge Agreement. The India Pledge Agreement is effective to create in
favor of the India Collateral Agent, for the ratable benefit of the holders of the secured
obligations identified therein, a legal, valid and enforceable security interest in the Collateral
identified therein, except to the extent the enforceability thereof may be limited by applicable
Debtor Relief Laws affecting creditors’ rights generally and by equitable principles of law
(regardless of whether enforcement is sought in equity or at law) and the India Pledge Agreement
shall create a fully perfected first priority Lien on, and security interest in, all right, title
and interest of the pledgors thereunder in such Collateral, in each case prior and superior in
right to any other Lien.

ARTICLE VII

AFFIRMATIVE COVENANTS

     Until the Loan Obligations shall have been paid in full or otherwise satisfied, and the
Commitments hereunder shall have expired or been terminated, each Borrower will, and (except in the
case of the covenants set forth in Sections 7.01, 7.02 and 7.03) will cause
each of its Subsidiaries to:

     7.01 Financial Statements.

     Deliver to the Administrative Agent and each Lender, in form and detail satisfactory to the
Administrative Agent and the Required Lenders:

     (a) as soon as available, but in any event not later than the earlier of (i) the date such
deliveries are required by the SEC and (ii) ninety days after the end of each fiscal year of EWI,
consolidated balance sheets of the Consolidated Group as at the end of such fiscal year (beginning
with the fiscal year ending December 31, 2007), and the related consolidated statements of income
or

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operations, shareholders’ equity and cash flows for such fiscal year, setting forth in each
case in comparative form the figures for the previous fiscal year, all in reasonable detail and
prepared in accordance with GAAP, such consolidated statements to be audited and accompanied by a
report and opinion of an independent certified public accountant of nationally recognized standing
reasonably acceptable to the Required Lenders, which report and opinion shall be prepared in
accordance with generally accepted auditing standards and shall not be subject to any “going
concern” or like qualification or exception or any qualification or exception as to the scope of
such audit; and

     (b) as soon as available, but in any event not later than (i) the date such deliveries are
required by the SEC and (ii) forty-five days after the end of each of the first three fiscal
quarters of each fiscal year of EWI (beginning with the fiscal quarter ending after the Closing
Date), consolidated balance sheets of the Consolidated Group as at the end of such fiscal quarter,
and the related consolidated and consolidating statements of income or operations, shareholders’
equity and cash flows for such fiscal quarter and for the portion of EWI’s fiscal year then ended,
setting forth in each case in comparative form the figures for the corresponding fiscal quarter of
the previous fiscal year and the corresponding portion of the previous fiscal year, all in
reasonable detail and certified by a Responsible Officer of EWI as fairly presenting in all
material respects the financial condition, results of operations, shareholders’ equity and cash
flows of the Consolidated Group in accordance with GAAP, subject only to normal year-end audit
adjustments and the absence of footnotes and such statements to be certified by a Responsible
Officer of EWI to the effect that such statements are fairly stated in all material respects when
considered in relation to the consolidated financial statements of EWI and its Subsidiaries.

     (c) annually not later than March 31 of each year, a BSA/AML Audit for any member of the
Consolidated Group that is licensed or actively operating as a money transmitter (or similar
designation) conducted by a third party auditor reasonably acceptable to the Administrative Agent
and the Required Lenders in form and detail satisfactory, and with results and findings reasonably
acceptable, to the Administrative Agent and the Required Lenders.

As to any information contained in materials furnished pursuant to Section 7.02(d), the
Borrowers shall not be separately required to furnish such information under clause (a) or
(b) above, but the foregoing shall not be in derogation of the obligation of the Borrowers
to furnish the information and materials described in clauses (a) and (b) above at
the times specified therein.

 

     7.02 Certificates; Other Information.

     Deliver to the Administrative Agent and each Lender, in form and detail satisfactory to the
Administrative Agent and the Required Lenders:

     (a) concurrently with the delivery of the financial statements referred to in Section
7.01(a), a certificate of its independent certified public accountant certifying such financial
statements and stating that in making the examination necessary therefor no knowledge was obtained
of any Default or Event of Default or, if any such Default or Event of Default shall exist, stating
the nature and status of such event;

     (b) concurrently with the delivery of the financial statements referred to in Sections
7.01(a) and (b), (beginning with the fiscal quarter ending after the Closing Date), a
duly completed Compliance Certificate signed by a Responsible Officer of EWI (i) setting forth
computations in reasonable detail satisfactory to the Administrative Agent demonstrating compliance
with the financial covenants contained herein, (ii) certifying that no Default or Event of Default
exists as of the date thereof (or the nature and extent thereof and proposed actions with respect
thereto) and (iii) including a summary of all material changes in GAAP and in the consistent
application thereof, the effect on the financial covenants resulting therefrom, and a
reconciliation between calculation of the financial covenants (and

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determination of the applicable pricing level under the definition of “Applicable Percentage”)
before and after giving effect to such changes;

     (c) promptly after any request by the Administrative Agent or any Lender, copies of any
detailed audit reports, management letters or recommendations submitted to the board of directors
(or the audit committee of the board of directors) of EWI by independent accountants in connection
with the accounts or books of EWI or any Subsidiary, or any audit of any of them;

     (d) promptly after the same are available, copies of each annual report, proxy or financial
statement or other report or communication sent to the stockholders of EWI, and copies of all
annual, regular, periodic and special reports and registration statements that EWI may file or be
required to file with the SEC under Section 13 or 15(d) of the Securities Exchange Act of 1934, and
not otherwise required to be delivered to the Administrative Agent pursuant hereto;

     (e) promptly after the furnishing thereof, copies of any statement or report furnished to any
holder of debt securities of any Credit Party or any Subsidiary thereof pursuant to the terms of
any indenture, loan or credit or similar agreement and not otherwise required to be furnished to
the Lenders pursuant to Section 7.01 or any other clause of this Section 7.02;

     (f) promptly, and in any event within five Business Days after receipt thereof by any Credit
Party or any Subsidiary thereof, copies of each notice or other correspondence received from the
SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning any investigation or
possible investigation or other inquiry by such agency regarding financial or other operational
results of any Credit Party or any Subsidiary thereof; and

     (g) promptly, such additional information regarding the business, financial or corporate
affairs of any Credit Party or any Subsidiary of a Credit Party, or compliance with the terms of
the Credit Documents, as the Administrative Agent or any Lender may from time to time reasonably
request.

     Documents required to be delivered pursuant to Section 7.01(a) or (b) or
Section 7.02(d) (to the extent any such documents are included in materials otherwise filed
with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been
delivered on the date (i) on which EWI posts such documents, or provides a link thereto on EWI’s
website on the Internet at the website address listed on Schedule 11.02; or (ii) on which
such documents are posted on EWI’s behalf on an Internet or intranet website, if any, to which each
Lender and the Administrative Agent have access (whether a commercial, third-party website or
whether sponsored by the Administrative Agent); provided that: (A) EWI shall deliver paper
copies of such documents to the Administrative Agent or any Lender that requests EWI to deliver
such paper copies until a written request to cease delivering paper copies is given by the
Administrative Agent or such Lender and (B) EWI shall notify (which may be by facsimile or
electronic mail) the Administrative Agent and each Lender of the posting of any such documents
and provide to the Administrative Agent by electronic mail electronic versions (i.e.,
soft copies) of such documents. Notwithstanding anything contained herein, in every instance EWI
shall be required to provide paper copies of the Compliance Certificates required by Section
7.02(b) to the Administrative Agent. Except for such Compliance Certificates, the
Administrative Agent shall have no obligation to request the delivery or to maintain copies of the
documents referred to above, and in any event shall have no responsibility to monitor compliance by
EWI with any such request for delivery, and each Lender shall be solely responsible for requesting
delivery to it or maintaining its copies of such documents.

     Each Credit Party hereby acknowledges that (a) the Administrative Agent and/or the Arranger
will make available to the Lenders and the L/C Issuers materials and/or information provided by or
on behalf of the Credit Parties hereunder (collectively, “Credit Party Materials”) by
posting the Credit Party

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Materials on IntraLinks or another similar electronic system (the “Platform”) and (b)
certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to
receive material non-public information with respect to the Credit Parties or their Affiliates, or
the respective securities of any of the foregoing, and who may be engaged in investment and other
market-related activities with respect to such Persons’ securities. Each Credit Party hereby
agrees that (w) all Credit Party Materials that are to be made available to Public Lenders shall be
clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC”
shall appear prominently on the first page thereof; (x) by marking Credit Party Materials “PUBLIC,”
the Borrower shall be deemed to have authorized the Administrative Agent, the Arranger, the L/C
Issuers and the Lenders to treat such Credit Party Materials as not containing any material
non-public information with respect to any Credit Party or its securities for purposes of United
States federal and state securities laws (provided, however, that to the extent
such Credit Party Materials constitute Information, they shall be treated as set forth in
Section 11.07); (y) all Credit Party Materials marked “PUBLIC” are permitted to be made
available through a portion of the Platform designated “Public Investor;” and (z) the
Administrative Agent and the Arranger shall be entitled to treat any Credit Party Materials that
are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not
designated “Public Investor.”

     7.03 Notification. 

     Promptly notify the Administrative Agent:

     (a) of the occurrence of any Default or Event of Default;

     (b) of any matter that has resulted or would reasonably be expected to result in a Material
Adverse Effect, including (i) breach or non-performance of, or any default under, a Contractual
Obligation of EWI or any Subsidiary; (ii) any dispute, litigation, investigation, proceeding or
suspension between EWI or any Subsidiary and any Governmental Authority; or (iii) the commencement
of, or any material development in, any litigation, investigation or proceeding affecting EWI or
any Subsidiary, including pursuant to any applicable Environmental Laws;

     (c) of the occurrence of any ERISA Event;

     (d) of any material change in accounting policies or financial reporting practices by EWI or
any Subsidiary, including any determination by the Borrowers referred to in Section
2.10(b); and

     (e) of any announcement by Moody’s or S&P of any change or possible change in the corporate
family rating for EWI and its Subsidiaries.

     Each notice pursuant to this Section shall be accompanied by a statement of a Responsible
Officer of EWI setting forth details of the occurrence referred to therein and stating what EWI has
taken and proposes to take with respect thereto. Each notice pursuant to Section 7.03(a)
shall describe with particularity any and all provisions of this Credit Agreement and any other
Credit Document that have been breached.

 

     7.04 Payment of Obligations.

     Pay and discharge as the same shall become due and payable, all its obligations and
liabilities, including (a) all tax liabilities, assessments and governmental charges or levies upon
it or its properties or assets, unless the same are being contested in good faith by appropriate
proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained
by each Borrower and its Subsidiaries; (b) all lawful claims that, if unpaid, would by law become a
Lien upon its property, unless

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the same are being contested in good faith by appropriate proceedings diligently conducted and
adequate reserves in accordance with GAAP are being maintained by each Borrower and its
Subsidiaries; and (c) all Indebtedness, as and when due and payable, but subject to any
subordination provisions contained in any instrument or agreement evidencing or relating to such
Indebtedness.

     7.05 Preservation of Existence, Etc.

     (a) Preserve, renew and maintain in full force and effect its legal existence and good
standing under the Laws of the jurisdiction of its organization (except in connection with a
transaction permitted by Section 8.04 or 8.05); (b) take all commercially
reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary or
desirable in the normal conduct of its business, except to the extent that failure to do so could
not reasonably be expected to have a Material Adverse Effect; and (c) preserve or renew all of its
registered patents, trademarks, trade names and service marks, the non-preservation of which would
reasonably be expected to have a Material Adverse Effect.

 

     7.06 Maintenance of Properties.

     (a) Maintain, preserve and protect all of its material Property and equipment necessary in the
operation of its business in good working order and condition, ordinary wear and tear excepted;

     (b) make all necessary repairs thereto and renewals and replacements thereof, except where the
failure to do so would not reasonably be expected to have a Material Adverse Effect; and

     (c) use the standard of care typical in the industry in the operation and maintenance of its
facilities.

 

     7.07 Maintenance of Insurance.

     Maintain in full force and effect with financially sound and reputable insurance companies
that are not Affiliates of the Borrowers, insurance with respect to its properties and business
against loss or damage of the kinds customarily insured against by Persons engaged in
the same or similar business, of such types and in such amounts (after giving effect to any
self-insurance compatible with the following standards) as are customarily carried under similar
circumstances by such other Persons. Such insurance shall identify the Collateral Agent as sole
loss payee, with respect to flood hazard and casualty insurance, and as additional insured, with
respect to liability insurance and provide for not less than thirty days’ prior notice to the
Collateral Agent of the termination, lapse or cancellation of any such insurance.

 

     7.08 Compliance with Laws.

     Comply in all material respects with the requirements of all Laws and all orders, writs,
injunctions and decrees applicable to it or to its business or property, except in such instances
in which (i) such requirement of Law or order, writ, injunction or decree is being contested in
good faith by appropriate proceedings diligently conducted; or (ii) the failure to comply therewith
would not reasonably be expected to have a Material Adverse Effect.

 

     7.09 Books and Records.

     Maintain (a) proper books of record and account, in which true and correct entries in
conformity with GAAP shall be made of all financial transactions and matters involving the assets
and business of such Borrowers and such Subsidiaries and (b) such books of record and account in
material conformity

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with all applicable requirements of any Governmental Authority having regulatory jurisdiction
over the Borrower or such Subsidiary.

     7.10 Inspection Rights.

     Permit representatives and independent contractors of the Administrative Agent and each Lender
to visit and inspect any of its properties, to conduct field audits, to examine its corporate,
financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its
affairs, finances and accounts with its directors, officers, and independent public accountants,
all at the expense of the Borrowers and at such reasonable times during normal business hours and
as often as may be reasonably desired, upon reasonable advance notice to the Borrowers;
provided, however, that so long as no Event of Default has occurred and is continuing the
Borrowers’ obligation to pay the expenses of any of the foregoing will be limited to (A) one
inspection per year (measured from the date of this Credit Agreement and each anniversary thereof)
at the Administrative Agent’s discretion and (B) any further inspections resulting from the
Administrative Agent’s good faith belief that conditions exist that could result in a Material
Adverse Effect; provided, further, that when an Event of Default exists the Administrative
Agent or any Lender (or any of their respective representatives or independent contractors) may do
any of the foregoing at the expense of the Borrowers at any time during normal business hours and
without advance notice.

     7.11 Use of Proceeds.

     Use the proceeds of the Credit Extensions to finance EWI’s obligations under the RIA
Acquisition Agreement, to finance any other Permitted Acquisition and for other general corporate
purposes not in contravention of any Law or of any Credit Document; provided that,
notwithstanding anything contained herein to the contrary, Credit Extensions may not be used for
the repurchase or redemption of the Convertible Debentures, unless EWI will be in compliance with
the financial covenants in Section 8.13 after giving effect thereto on a Pro Forma Basis or
(ii) EWI can otherwise demonstrate sufficient liquidity as may be determined by the Administrative
Agent and the Required Lenders in their discretion.

 

     7.12 Approvals and Authorizations.

     Maintain all authorizations, consents, approvals and licenses from, exemptions of, and filings
and registrations with, each Governmental Authority of the jurisdiction in which each Foreign
Obligor is organized and existing, and all approvals and consents of each other Person in such
jurisdiction, in each case that are required in connection with the Credit Documents.

 

     7.13 Joinder of Subsidiaries as Guarantors.

     (a) Domestic Revolving Loan Obligations. In the case of the Domestic Borrowers and
their Subsidiaries, where any Domestic Subsidiary of the Domestic Borrowers that is not a Guarantor
hereunder (a “Non-Guarantor Domestic Subsidiary”) shall at any time:

       (i) in any case (considered with its Subsidiaries on a consolidated basis) represent
more than 5% of the consolidated assets or account for more than 5% of consolidated
revenues for the Consolidated Group (in each such case determined as of the end of each
fiscal quarter for the period of four consecutive fiscal quarters then ended), or

       (ii) together with all other such Non-Guarantor Domestic Subsidiaries as a group,
represent more than 20% of the consolidated assets or account for more than 20% of the

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Consolidated revenues for the Consolidated Group (in each such case determined as of
the end of each fiscal quarter for the period of four consecutive fiscal quarters then
ended),

then, in any such instance, the Domestic Borrowers will promptly, but in any event within thirty
(30) days after the delivery date for annual and quarterly financial statements under subsections
(a) and (b) of Section 7.01 as to which a determination has been made that such a joinder is
required, cause the joinder of such Domestic Subsidiaries as Domestic Guarantors hereunder pursuant
to Joinder Agreements (or such other documentation reasonably acceptable to the Administrative
Agent) accompanied by Organization Documents and favorable opinions of counsel to such Domestic
Subsidiary, all in form and substance reasonably satisfactory to the Administrative Agent, such
that after giving effect thereto the Non-Guarantor Domestic Subsidiaries will not, individually or
as a group, exceed the foregoing threshold requirements.

     (b) F/X Obligations. EWI will cause each of the Specified Material Subsidiaries to be
a Guarantor hereunder in accordance with the provisions hereof, and in addition, in the case of any
F/X Borrower and its Foreign Subsidiaries, where any Foreign Subsidiary of an F/X Borrower is not a
Guarantor hereunder (a “Non-Guarantor F/X Subsidiary”) shall at any time:

       (i) in any case (considered with its Subsidiaries on a consolidated basis) represent
more than 5% of the consolidated assets or account for more than 5% of the consolidated
revenues for the Consolidated Group (in each such case determined as of the end of each
fiscal quarter for the period of four consecutive fiscal quarters then ended), or

       (ii) together with all other such Non-Guarantor Foreign Subsidiaries as a group,
represent more than 20% of the consolidated assets or account for more than 20% of the
consolidated revenues for the Consolidated Group (in each such case determined as of the
end of each fiscal quarter for the period of four consecutive fiscal quarters then ended);

then, in any such instance, the F/X Borrowers will, subject to the provisions hereof, promptly, but
in any event within 90 days after the delivery date for annual and quarterly financial statements
under subsections (a) and (b) of Section 7.01 as to which a determination has been made that such a
joinder is required (with extensions as may be deemed necessary or appropriate by the
Administrative Agent in its discretion), cause the joinder of such Foreign Subsidiary as an F/X
Guarantor hereunder by execution of a Guaranty (or such other documentation reasonably acceptable
to the Administrative Agent), in each case accompanied by Organization Documents and favorable
opinions of counsel to such Foreign Subsidiary, all in form and substance reasonably satisfactory
to the Administrative Agent, such that after giving effect thereto, such Non-Guarantor F/X
Subsidiaries will not, individually or as a group, exceed the foregoing threshold requirements;
provided that in any such case, the Administrative Agent shall, in consultation with EWI,
do an analysis of the relative benefits associated with the prospective guaranty and where, in its
reasonable discretion, the Administrative Agent shall make a determination, taking into account
local custom and practice, that the costs, circumstances and requirements under local law
associated with the guaranty outweigh the relative benefits of the guaranty.

     (c) India Obligations. In the case of any India Borrower and its Foreign
Subsidiaries, where any Foreign Subsidiary of an India Borrower is not a Guarantor hereunder (a
“Non-Guarantor India Subsidiary”), such India Borrower shall cause the joinder of such
Foreign Subsidiary as an India Guarantor hereunder pursuant to a Joinder Agreement (or such other
documentation reasonably acceptable to the Administrative Agent) accompanied by Organization
Documents and favorable opinions of counsel to such Foreign Subsidiary, all in form and substance
reasonably satisfactory to the Administrative Agent, such that after giving effect thereto, such
Non-Guarantor India Subsidiary shall become an India Guarantor.

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     (d) Guaranties and Support Obligations in Respect of other Funded Debt. Not give a
guaranty or other Support Obligation in respect of Funded Debt, unless (i) the guaranty or other
Support Obligation is otherwise permitted hereunder and (ii) any Borrower or Subsidiary giving such
guaranty shall have become a Domestic Guarantor, an F/X Guarantor or an India Guarantor, as
applicable, pursuant to the terms hereof.

     7.14 Pledge of Capital Stock.

     (a) Pledge. Pledge or cause to be pledged to the Administrative Agent:

       (i) to secure the Obligations (including the Foreign Obligations), (A) 100% of the
issued and outstanding Capital Stock of each Domestic Subsidiary of EWI, and (B) 65% of the
issued and outstanding Capital Stock of each Material First-Tier Foreign Subsidiary; and

       (ii) to secure the F/X Obligations and the India Obligations, (A) the remaining 35% of
the issued and outstanding Capital Stock of each Material First-Tier Foreign Subsidiary,
and (B) 100% of the issued and outstanding Capital Stock of each Material Foreign
Subsidiary (other than First-Tier Foreign Subsidiaries);

provided that the requirement pursuant to clause (a)(i)(B) for the pledge of not
more than 65% of the Capital Stock in each Material First-Tier Foreign Subsidiary to secure the
Obligations is intended to avoid treatment of the undistributed earnings of a Foreign Subsidiary as
a deemed dividend to its United States parent for United States federal income tax purposes.
Accordingly, notwithstanding the provisions of clauses (i) and (ii) above, each
Credit Party shall, at the request
of the Administrative Agent and after consultation with the Borrowers, pledge or cause to be
pledged any greater percentage of its interest in a First-Tier Foreign Subsidiary that, as the
result of a change in Law, (1) would not reasonably be expected to cause the undistributed earnings
of such Foreign Subsidiary to be treated as a deemed dividend to the United States parent of such
Foreign Subsidiary, as determined for United States federal income tax purposes, and (2) would not
otherwise reasonably be expected to result in material adverse tax consequences to such Foreign
Subsidiary or its United States parent, to secure the Obligations, and shall pledge any remaining
interests therein to secure the Foreign Obligations.

     (b) Deliveries. In connection with the foregoing pledges, EWI will or will cause to
be delivered to the Administrative Agent:

       (i) Domestic Subsidiaries. The pledge of Capital Stock of the Domestic
Subsidiaries will be made pursuant to a Pledge Agreement or pledge joinder agreement(s),
together with such filings and deliveries necessary or appropriate to perfect the security
interests therein (including, where appropriate, delivery of original share certificates
evidencing the pledged interests and undated transfer powers executed in blank), and
opinions of counsel relating thereto, all in form, substance and scope reasonably
satisfactory to the Administrative Agent, and will be made (A) on the Closing Date, in the
case of Domestic Subsidiaries existing on the Closing Date, and (B) otherwise within 45
days (with extensions as may be deemed necessary or appropriate by the Administrative Agent
in its discretion) of formation or acquisition.

       (ii) Foreign Subsidiaries. The pledge of Capital Stock of the Material
Foreign Subsidiaries will be made pursuant to a Pledge Agreement or pledge joinder
agreement(s), together with such filings and deliveries necessary or appropriate to perfect
the security interests therein (including, where appropriate, notarization and recordation
of local pledge agreements, parallel debt agreements and such other acts necessary or
appropriate to give effect to the pledge under local law),

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and opinions of counsel relating thereto, all in form, substance and scope reasonably
satisfactory to the Administrative Agent, and will be made (A) on the Closing Date, in the
case of pledged interests in Material First-Tier Foreign Subsidiaries, and (B) otherwise
within 90 days (with extensions as may be deemed necessary or appropriate by the
Administrative Agent in its discretion) of formation, acquisition or the date when the
subject interests are first required to be pledged hereunder (whether upon the Foreign
Subsidiary becoming a Material Foreign Subsidiary or otherwise); provided that the
Administrative Agent shall, in consultation with EWI, do an analysis of the relative
benefits associated with the prospective pledge and where, in its reasonable discretion,
the Administrative Agent shall make a determination, taking into account local custom and
practice, that the costs, circumstances and requirements under local law associated with
the pledge outweigh the relative benefits of the pledge, then in any such case the pledge
will not be required.

     7.15 Pledge of Other Property.

     (a) Domestic Personal Property. The Obligations will be secured by a grant of a
security interest in substantially all personal property (including all accounts, contract rights,
deposit accounts, chattel paper, insurance proceeds, inventory, investments and financial assets,
general intangibles, intellectual property, licenses, machinery and equipment, but not the pledge
of Capital Stock which shall be governed by the provisions of Section 7.14 and the Pledge
Agreements relating thereto) of EWI and its Domestic Subsidiaries (the “Domestic Grantors”)
located in the United States and which may be perfected by filing financing statements under the
Uniform Commercial Code or by filing notices of security interests in respect of intellectual
property with the United States Copyright Office or the United States Patent and Trademark Office.
The scope of the personal property covered by this subsection will not include Excluded Property.
In connection with any grant of security interest under this subsection, there will delivered to
the Administrative Agent (A) on the Closing Date, in the case of Domestic Grantors existing on the
Closing Date, and (B) within thirty (30) days (with extensions as may be deemed necessary or
appropriate by the Administrative Agent in its discretion) of formation, acquisition or the date
when the subject interests are first required to be pledged hereunder, (i) a security agreement in
form and substance reasonably satisfactory to the Administrative Agent, executed in multiple
counterparts, (ii) notices of grant of security interest in respect of intellectual property with
the United States Copyright Office or the United States Patent and Trademark Office reasonably
satisfactory to the Administrative Agent, executed in multiple counterparts, (iii) such opinions of
counsel as the Administrative Agent may deem necessary or appropriate, in form and substance
reasonably satisfactory to the Administrative Agent, (iv) evidence of casualty insurance
(consistent with the requirements for insurance hereunder) on personal property showing the
Collateral Agent as loss payee (if insurance is provided by a commercial insurer), and (v) such
other filings and deliveries as may be necessary or appropriate as determined by the Administrative
Agent in its reasonable discretion.

     (b) Foreign Personal Property. Except as may be agreed by the Administrative Agent,
the Obligations of the Foreign Credit Parties will be secured by a grant of a security interest in
all material personal property (including all accounts, contract rights, deposit accounts, chattel
paper, insurance proceeds, inventory, investments and financial assets, general intangibles,
intellectual property, licenses, machinery and equipment) of the Foreign Credit Parties located
outside the United States with a fair value in excess of $5 million in any instance (or otherwise
determined to be material in the reasonable discretion of the Administrative Agent). The scope of
the security interests will contain exceptions and qualifications reasonably acceptable to the
Administrative Agent, and will not include Excluded Property. Further, the Administrative Agent,
in consultation with EWI, shall do an analysis of the relative benefits associated with the
prospective pledge and where, in its reasonable discretion, the Administrative Agent shall make a
determination, taking into account local custom and practice, that the costs, circumstances and
requirements under local law associated with the pledge outweigh the relative benefits of the
pledge, then, in any such case, the pledge will not be required. In connection with the a grant of
security interests

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under this subsection, there will be delivered to the Administrative Agent within ninety (90) days
(with extensions as may be deemed necessary or appropriate by the Administrative Agent in its
discretion) of formation, acquisition or the date when the subject interests are first required to
be pledged hereunder, (i) a security agreement in form and substance reasonably satisfactory to the
Administrative Agent, executed in multiple counterparts, (ii) filings and notices of grant of
security interest in respect of such personal property as may be necessary or appropriate to
perfect the subject interests and otherwise reasonably satisfactory to the Administrative Agent,
(iii) such opinions of counsel as the Administrative Agent may deem necessary or appropriate, in
form and substance reasonably satisfactory to the Administrative Agent, (iv) evidence of casualty
insurance (consistent with the requirements for insurance hereunder) on personal property showing
the Collateral Agent and loss payee (if insurance is provided by a commercial insurer), and (v)
such other deliveries as may be customary, necessary or appropriate in the subject jurisdiction as
determined by the Administrative Agent in its reasonable discretion. For the avoidance of doubt,
in no event will any security interest granted by any of the Foreign Credit Parties secure any of
the Domestic Loan Obligations.

     7.16 Further Assurances.

     EWI will provide, or cause to be provided, the following:

     (a) Delivery of Guaranties from Material Foreign Subsidiaries. Within 90 days of the
Closing Date (or such later date as may be acceptable to the Administrative Agent in its
discretion), EWI will provide or cause to be provided, Guaranties from the Material Foreign
Subsidiaries required hereunder (including as set forth on Schedule 5.01 hereto) but which
were not provided on the Closing Date, including conforming changes in respect of local law and
related instruments, where necessary or appropriate under local law, and together with opinions of
local counsel relating thereto, in form and substance acceptable to the Administrative Agent in its
discretion.

     (b) Pledge of Material First-Tier Foreign Subsidiaries. Within 90 days of the Closing
Date (or such later date as may be acceptable to the Administrative Agent in its discretion), EWI
will provide or cause to be provided, a pledge of those ownership interests in Material First-Tier
Foreign Subsidiaries required to be pledged hereunder (including as set forth on Schedule
5.01 hereto) but which were not provided on the Closing Date, including local pledge agreements
and related instruments, where necessary or appropriate under local law, and together with opinions
of local counsel relating thereto, in form and substance acceptable to the Administrative Agent in
its discretion.

     (c) Pledge of Material Foreign Subsidiaries. Within 90 days of the Closing Date (or
such later date as may be acceptable to the Administrative Agent in its discretion), EWI will
provide or cause to be provided, a pledge of those ownership interests in Material Foreign
Subsidiaries (other than the Material First-Tier Foreign Subsidiaries) required to be pledged
hereunder (including as set forth on Schedule 5.01 hereto) but which were not provided on
the Closing Date, including local pledge agreements and related instruments, where necessary or
appropriate under local law, and together with opinions of local counsel relating thereto, in form
and substance acceptable to the Administrative Agent in its discretion.

     (d) Security Interests in Personal Property of Certain Foreign Subsidiaries. Within
90 days of the Closing Date (or such later date as may be acceptable to the Administrative Agent in
its discretion), EWI will provide or cause to be provided, a pledge of those ownership interests in
Material Foreign Subsidiaries (other than the Material First-Tier Foreign Subsidiaries) required to
be pledged hereunder (including as set forth on Schedule 5.01 hereto) but which were not
provided on the Closing Date, including local pledge agreements and related instruments, where
necessary or appropriate under local

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law, and together with opinions of local counsel relating thereto, in form and substance
acceptable to the Administrative Agent in its discretion.

     (e) Amendments to Credit Agreement with Respect to the India Obligations. As soon as
practicable, but in any event within 30 days of the Closing Date (or such later date as may be
acceptable to the Administrative Agent in its discretion), EWI and the other Credit Parties will
deliver duly executed counterparts to an amendment to this Credit Agreement that, in the reasonable
judgment of local counsel in India upon consultation with the India Borrower’s local India counsel,
are necessary or advisable to comply with the law of India (including any mandates or requirements
of the Royal Bank of India).

     (f) Process Agent Appointment Letter. Within 20 days of the Closing Date (or such
later date as may be acceptable to the Administrative Agent in its discretion), each English
Obligor will provide or cause to be provided, evidence that the relevant process agent has accepted
its appointment, for such English Obligor, to acts as its agent for service of process in
relation to the proceedings before the Courts of the State of New York in connection with any
Credit Document.

     7.17 Interest Rate Protection.

     Enter into, within sixty (60) days of the Closing Date, and maintain one or more Swap
Contracts on such terms as shall be reasonably satisfactory to the Administrative Agent, the effect
of which shall be to fix or limit the interest cost for a period of two (2) years from the Closing
Date with respect to a notional amount equal to at least twenty-five percent (25%) of the aggregate
principal amount of the Term Loans outstanding.

 

ARTICLE VIII

NEGATIVE COVENANTS

     Until the Loan Obligations shall have been paid in full or otherwise satisfied, and the
Commitments hereunder shall have expired or been terminated, the Credit Parties will not, and will
not permit any of their Subsidiaries to:

 

     8.01 Liens.

     Create, incur, assume or suffer to exist any Lien upon any of its property, assets or
revenues, whether now owned or hereafter acquired, other than the following:

     (a) Liens pursuant to any Credit Document securing the Loan Obligations;

     (b) Liens in favor of a Lender or any of its Affiliates pursuant to a Swap Contract or
Treasury Management Agreement permitted hereunder, but only to the extent that (i) the obligations
under such Swap Contract or Treasury Management Agreement are permitted under Section 8.03,
(ii) such Liens are on the same collateral that secures the Loan Obligations and (iii) the
obligations under such Swap Contract or Treasury Management Agreement and the Loan Obligations
share pari passu (subject to Section 9.03) in the collateral that is subject to such Liens;

     (c) Liens existing on the date hereof and listed on Schedule 8.01 and any renewals or
extensions thereof, provided that (i) the property covered thereby is not changed, (ii) the
amount secured or benefited thereby is not increased except as contemplated by Section
8.03(b), (iii) the direct or any contingent obligor with respect thereto is not changed and
(iv) any renewal or extension of the obligations secured or benefited thereby is permitted by
Section 8.03(d) and (e);

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     (d) Liens for taxes not yet due or that are being contested in good faith and by appropriate
proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the
books of the applicable Person in accordance with GAAP;

     (e) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens
arising in the ordinary course of business that are not overdue for a period of more than thirty
days or that are being contested in good faith and by appropriate proceedings diligently conducted,
if adequate reserves with respect thereto are maintained on the books of the applicable Person;

     (f) pledges or deposits in the ordinary course of business in connection with workers’
compensation, unemployment insurance and other social security legislation, other than any Lien
imposed by ERISA;

     (g) deposits to secure the performance of bids, trade contracts and leases (other than
Indebtedness), statutory obligations, surety and appeal bonds (other than bonds related to
judgments or litigation), performance bonds and other obligations of a like nature incurred in the
ordinary course of business;

     (h) easements, rights-of-way, restrictions and other similar encumbrances affecting real
property that, in the aggregate, are not substantial in amount, and that do not in any case
materially detract from the value of the property subject thereto or materially interfere with the
ordinary conduct of the business of the applicable Person;

     (i) Liens securing judgments for the payment of money not constituting an Event of Default
under Section 9.01(h) or securing appeal or other surety bonds related to such judgments;

     (j) Liens securing, or in respect of, obligations under capital leases or Synthetic Leases and
purchase money obligations for fixed or capital assets; provided that (i) such Liens do not
at any time encumber any property other than the property financed by such Indebtedness and (ii)
the Indebtedness secured thereby does not exceed the cost or fair market value, whichever is lower,
of the property being acquired on the date of acquisition;

     (k) Liens on the property or assets of any Person that becomes a member of the Consolidated
Group following the Closing Date to the extent such Liens exist at the time such Person becomes a
member of the Consolidated Group; provided such Liens are not created in contemplation
thereof and do not extend to any property or assets of any other member of the Consolidated Group;

     (l) cash deposited with banks that participate in the Consolidated Group’s ATM network in the
ordinary course of business to secure cash contributed by such banks for use in the ATM network and
cash deposited with vendors or suppliers of PIN’s or mobile phone time to members of the
Consolidated Group in the ordinary course of business to secure accounts payable to such vendors or
suppliers;

     (m) rights or Liens granted to vendors or suppliers of PIN’s or on-line mobile or long
distance phone time (including, without limitation, telephone operators) in PIN inventory, PIN
accounts receivable or restricted cash accounts associated with the purchase or sale of PIN’s or
phone time, including the rights and Liens of mobile operators in the Mobile Network Trust
Arrangement;

     (n) Liens under UCC § 4-210 and Liens in deposit accounts created under the standard deposit
agreement of any financial institution at which such Loan Party maintains a deposit account;

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     (o) cash collateral in an aggregate amount of up to €25 million to secure letters of credit
or bank guarantees required by mobile phone operators;

     (p) as permitted under German law, property ownership transfers made for security purposes
(Sicherungseigentum), retention of title arrangements (Eigentumsvorbehalt) and
assignments of claims, rights and receivables made for security purposes
(Sicherungsabtretungen), in each case made in the ordinary course of business; and

     (q) other Liens securing Indebtedness of not more than $10 million; provided that such Liens
shall relate to specific property and shall not be blanket liens.

     8.02 Investments.

     Make or permit to exist any Investments, except:

     (a) cash and Cash Equivalents;

     (b) Investments (including intercompany Investments) existing on the date hereof and listed on
Schedule 8.02;

     (c) to the extent not prohibited by applicable Law, advances to officers, directors and
employees of the Borrowers and their Subsidiaries in an aggregate amount not to exceed $2 million
at any time outstanding, for travel, entertainment, relocation and analogous ordinary business
purposes;

     (d) Investments consisting of extensions of credit in the nature of accounts receivable or
notes receivable arising from the grant of trade credit in the ordinary course of business, and
Investments received in satisfaction or partial satisfaction thereof from financially troubled
account debtors to the extent reasonably necessary in order to prevent or limit loss;

     (e) Investments by members of the Consolidated Group in and to EWI and its wholly-owned
Domestic Subsidiaries;

     (f) Investments by EWI and its wholly-owned Domestic Subsidiaries in and to wholly-owned
Foreign Subsidiaries of EWI that are organized under the laws of an Approved Jurisdiction without
limit, where such Foreign Subsidiaries are Credit Parties hereunder (including, for purposes
hereof, Foreign Subsidiaries as to which EWI has given notice of intention to have joined as a
Guarantor in accordance with the provisions of Section 7.13, provided that failure to have
any such Foreign Subsidiary joined as a Guarantor together with delivery of the other items
required in connection therewith within the requisite period provided therein will be an immediate
Event of Default hereunder), and otherwise in an aggregate principal amount not to exceed $25
million;

     (g) Investments by and between wholly-owned Foreign Subsidiaries of EWI that are organized
under the laws of an Approved Jurisdiction and other wholly-owned Foreign Subsidiaries of EWI that
are organized under the laws of an Approved Jurisdiction;

     (h) Investments by and between wholly-owned Foreign Subsidiaries of EWI that are not organized
under the laws of an Approved Jurisdiction and other wholly-owned Foreign Subsidiaries of EWI that
are not organized under the laws of an Approved Jurisdiction;

     (i) Investments by EWI, its wholly-owned Domestic Subsidiaries and its wholly-owned Foreign
Subsidiaries that are organized under the laws of an Approved Jurisdiction in and to (i) non-

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wholly-owned Foreign Subsidiaries that are organized under the laws of an Approved
Jurisdiction in an aggregate principal amount not to exceed $25 million where such non-wholly owned
Foreign Subsidiaries are Credit Parties hereunder (including, for purposes hereof, Foreign
Subsidiaries as to which EWI has given notice of intention to have joined as a Guarantor in
accordance with the provisions of Section 7.13, provided that failure to have any such
Foreign Subsidiary joined as a Guarantor together with delivery of the other items required in
connection therewith within the requisite period provided therein will be an immediate Event of
Default hereunder), and otherwise in an aggregate principal amount not to exceed $25 million, (ii)
Foreign Subsidiaries that are not organized under the laws of an Approved Jurisdiction (other than
China), whether or not wholly-owned, in an aggregate principal amount not to exceed $25 million
where such Foreign Subsidiaries are Credit Parties hereunder (including, for purposes hereof,
Foreign Subsidiaries as to which EWI has given notice of intention to have joined as a Guarantor in
accordance with the provisions of Section 7.13, provided that failure to have any such
Foreign Subsidiary joined as a Guarantor together with delivery of the other items required in
connection therewith within the requisite period provided therein will be an immediate Event of
Default hereunder), and otherwise in an aggregate principal amount not to exceed $25 million and
(iii) Foreign Subsidiaries that are organized under the laws of China, whether or not wholly-owned
and whether or not a Guarantor, in an aggregate principal amount not to exceed $50 million;

     (j) Support Obligations permitted by Section 8.03(m);

     (k) Investments made as part of Permitted Acquisitions;

     (l) Investments in seller “take-back” notes in connection with a Disposition of assets not
prohibited by this Credit Agreement; provided that 75% of the aggregate amount of consideration
given by the seller in such Disposition shall have cash or Cash Equivalents; and

     (m) other Investments of a type not contemplated in the foregoing clauses of this Section in
an aggregate principal amount not to exceed $25 million.

     8.03
Indebtedness.

     Create, incur, assume or suffer to exist any Indebtedness, except:

     (a) Indebtedness under the Credit Documents;

     (b) Indebtedness of EWI under the Convertible Senior Debentures in an aggregate principal
amount of up to $140 million, and any refinancings, refundings, renewals or extensions thereof,
provided that in the case of any such refinancing, refunding, renewal or extension, (i) the
principal amount thereof shall not be increased, except to include a reasonable premium and
reasonable fees and expenses incurred, (ii) the final maturity and average-life-to-maturity will
not be shortened, and (iii) the covenants, terms and provision of the indenture, note purchase
agreement, credit agreement or other governing instrument will not be less favorable to EWI and the
Consolidated Group, in any material respect, than the indenture governing the Convertible Senior
Debentures;

     (c) Indebtedness of EWI under the Convertible Subordinated Debentures in an aggregate
principal amount of up to $175 million, and any refinancings, refundings, renewals or extensions
thereof, provided that in the case of any such refinancing, refunding, renewal or
extension, (i) the principal amount thereof shall not be increased, except to include a reasonable
premium and reasonable fees and expenses incurred, (ii) the final maturity and
average-life-to-maturity will not be shortened, (iii) the such Indebtedness shall be subordinated
on the same basis as the Convertible Subordinated Debentures or otherwise subordinated on terms
reasonably
acceptable to the Administrative Agent and the Required

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Lenders, and (iv) the covenants, terms and provisions of the indenture, note purchase
agreement, credit agreement or other governing instrument will not be less favorable to EWI and the
Consolidated Group, in any material respect, than the indenture governing the Convertible
Subordinated Debentures;

     (d) Indebtedness outstanding on the date hereof and listed on Schedule 8.03 and any
refinancings, refundings, renewals or extensions thereof, provided that in the case of any
such refinancing, refunding, renewal or extension, (i) the principal amount thereof shall not be
increased, except to include a reasonable premium and reasonable fees and expenses incurred, (ii)
the final maturity and average-life-to-maturity will not be shortened, and (iii) the covenants,
terms and provision of the indenture, note purchase agreement, credit agreement or other governing
instrument will not be less favorable to EWI and the Consolidated Group, in any material respect,
than the indenture, note purchase agreement, credit agreement or other governing instrument
relating to the Indebtedness being refinanced, refunded, renewed or extended;

     (e) Indebtedness under capital leases, Synthetic Lease obligations and purchase money
obligations incurred to provide all or a portion of the purchase price (or cost of construction or
acquisition), in each case for capital assets and any refinancings, refundings, renewals or
extensions thereof, provided that (i) when incurred such Indebtedness shall not exceed the
purchase price or cost of construction of the subject asset, (ii) no such Indebtedness may be
refinanced, refunded, renewed or extended for a principal amount in excess of the principal balance
outstanding thereon at the time of refinancing, and (iii) the aggregate principal amount of all
such Indebtedness shall not exceed $25 million at any time;

     (f) obligations (contingent or otherwise) of any member of the Consolidated Group existing or
arising under any Swap Contract, provided that (i) such obligations are entered into by
such Person in the ordinary course of business for the purpose of directly mitigating risks
associated with liabilities, commitments, investments, assets, or property held or reasonably
anticipated by such Person, or changes in the value of securities issued by such Person, and not
for purposes of speculation or taking a “market view” and (ii) such Swap Contract does not contain
any provision exonerating the non-defaulting party from its obligation to make payments on
outstanding transactions to the defaulting party;

     (g) intercompany Indebtedness among members of the Consolidated Group to the extent permitted
by Section 8.02;

     (h) Indebtedness in respect of performance bonds and surety bonds incurred in the ordinary
course of business;

     (i) Indebtedness consisting of guarantees, indemnities or obligations in respect of purchase
price adjustments in connection with the Acquisitions or Dispositions otherwise permitted
hereunder;

     (j) Indebtedness consisting of financial or contractual performance guaranties by EWI and
other members of the Consolidated Group to secure the performance obligations of members of the
Consolidated Group in the ordinary course of business consistent with past practice;

     (k) Indebtedness acquired or assumed in connection with a Permitted Acquisition,
provided that such Indebtedness was not incurred in anticipation or contemplation of such
Permitted Acquisition;

     (l) Indebtedness of up to €20 million under letters of credit or bank guaranties required
by mobile phone operators;

     (m) Indebtedness of up to €20 million in overdraft protection for Foreign Subsidiaries;

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     (n) Support Obligations by members of the Consolidated Group in respect of Indebtedness
otherwise permitted under the foregoing clauses of this Section, provided that if the
Support Obligations relate to Subordinated Debt, the Support Obligations relating thereto shall be
subordinated on the same basis as the Subordinated Debt to which it relates; and

     (o) other Funded Debt not contemplated in the foregoing clauses of this Section in an
aggregate principal amount not to exceed (i) $10 million, in the case of EWI, (ii) $5 million, in
the case of any member of the Consolidated Group other than EWI, and (iii) $30 million in the
aggregate for all members of the Consolidated Group other than EWI.

     (p) other Funded Debt of EWI, provided that EWI can demonstrate that it will be in
compliance with the financial covenants in Section 8.13 after giving effect thereto on a
Pro Forma Basis.

     8.04 Mergers and Dissolutions.

     (a) Enter into a transaction of merger or consolidation; provided that so long as no
Default or Event of Default then exists or would result therefrom:

       (i) EWI and other members of the Consolidated Group that are Domestic Subsidiaries may
merge or consolidate with other members of the Consolidated Group, provided that
(A) if EWI is a party to the merger or consolidation, it shall be the surviving entity, (B)
if a Domestic Subsidiary that is a Borrower hereunder shall be a party to the merger or
consolidation, then it shall be the surviving entity (unless EWI or another Domestic
Subsidiary that is a Borrower is also a party to the merger or consolidation, in which case
EWI or the other Domestic Subsidiary that is a Borrower shall be the surviving entity), and
(C) if the transaction of merger or consolidation involves both a Domestic Subsidiary and a
Foreign Subsidiary, then the Domestic Subsidiary shall be the surviving entity;

       (ii) members of the Consolidated Group that are Foreign Subsidiaries may merge or
consolidate with other members of the Consolidated Group, provided that (A) if EWI
is a party to the merger or consolidation, it shall be the surviving entity, (B) if a
Foreign Subsidiary that is a Borrower hereunder is a party to a merger or consolidation,
then it shall be the surviving entity (unless EWI or a Domestic Subsidiary that is a
Borrower are a party to the merger or consolidation, in which case EWI or the Domestic
Subsidiary that is a Borrower shall be the surviving entity), (C) if the transaction of
merger or consolidation involves both a Domestic Subsidiary and a Foreign Subsidiary, then
the Domestic Subsidiary shall be the surviving entity, and (D) if the transaction of merger
or consolidation involves two or more Foreign Subsidiaries and one or more of
the Foreign Subsidiaries are organized under the laws of an Approved Jurisdiction,
then the surviving entity shall be a Foreign Subsidiary that is organized under the laws of
an Approved Jurisdiction; and

       (iii) members of the Consolidated Group may merge or consolidate with Persons that are
not members of the Consolidated Group, provided that (A) if EWI is a party to the
merger or consolidation, it shall be the surviving entity, (B) if a Subsidiary of EWI that
is a Borrower, Domestic or Foreign, is a party to the merger or consolidation, the
Subsidiary that is a Borrower will be the surviving entity, and (C) the transaction shall
be a Permitted Acquisition or a Permitted Disposition.

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     (b) Except for EWI and Subsidiaries that are Borrowers hereunder, members of the Consolidated
Group may be dissolved, liquidated or otherwise have their existence terminated.

     8.05 Dispositions.

     Make or permit Dispositions, except for Permitted Dispositions.

 

     8.06 Restricted Payments.

Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation
(contingent or otherwise) to do so, except that:

            (a) Subsidiaries of EWI may pay dividends and make distributions in respect of their
Capital Stock;

            (b) EWI may declare and make dividend payments or other distributions payable solely
in its common stock or other equity interests;

       (c) EWI may purchase, redeem or otherwise acquire shares of its common stock or other
common equity interests or warrants or options to acquire any such shares with the proceeds
received from the substantially concurrent issuance of new shares of its common stock or
other common equity interests;

       (d) EWI may make payment on or in respect of (i) the stock appreciation rights or
contingent valuation rights granted in connection with the RIA Acquisition, and (ii) cash
redemption of fractional interests on exercise of rights of conversion under the
Convertible Debentures; and

       (e) EWI and its subsidiaries may make payment on, in respect of, or in connection with
(i) a stock incentive plan, stock option plan or other equity-based compensation plan or
arrangement or (ii) Capital Stock, options, warrants and other rights to acquire Capital
Stock issued or granted in connection with any Permitted Acquisition (including, without
limitation, the issuance of equity interests, including Capital Stock, as consideration in
connection with any acquisition permitted hereunder, whether as original purchase
consideration or in satisfaction of subsequent earn-out obligations, and the sale of equity
interests, including Capital Stock, for the sole purpose of financing any acquisition
permitted hereunder).

       (f) EWI may repurchase the Convertible Debentures on a Repurchase Date to the extent
such payment would not require a mandatory prepayment under Section 2.06 (b)(vi);
and

       (g) EWI may make other Restricted Payments only with the prior written consent of the
Administrative Agent and the Required Lenders.

     8.07 Change in Nature of Business.

     Engage in any material line of business substantially different from those lines of business
conducted by the Consolidated Group on the date hereof or any business substantially related or
incidental thereto.

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     8.08 Change in Fiscal Year.

     EWI will not change its fiscal year without the prior written consent of the Required Lenders.

 

     8.09 Transactions with Affiliates.

     Enter into any transaction of any kind with any Affiliate of EWI, whether or not in the
ordinary course of business, other than on fair and reasonable terms substantially as favorable to
EWI or such Subsidiary as would be obtainable by EWI or such Subsidiary at the time in a comparable
arm’s length transaction with a Person other than an Affiliate.

     8.10 Covenants Regarding Convertible Debentures and Other Subordinated Debt. EWI will
not, nor will it permit any other members of the Consolidated Group to:

     (a) amend, modify or waive, or permit the amendment, modification or waiver of, the
indentures or other governing documents relating to the Convertible Debentures or other
Subordinated Debt;

     (b) make or offer to make any sinking fund payment, payment, prepayment, redemption,
defeasance, purchase or acquisition for value (including, without limitation, by way of
depositing with the trustee with respect thereto money or securities before due for the
purpose of paying when due) or otherwise segregate funds with respect to the Convertible
Debentures or other Subordinated Debt, other than:

     (i) regularly scheduled payments of principal and interest (including
contingent interest, if any) required to be made in cash;

     (ii) conversions of the Convertible Debentures into common stock of EWI; and

     (iii) the redemption, retirement, repurchase, acquisition for value or payments
of cash in connection with (A) exercise by the holder of the right to cause a
repurchase the Convertible Debentures at the holders’ option generally, (B) exercise
by EWI of the right to redeem the Convertible Debentures at its option, or (C)
exercise by the holder of the right cause a repurchase of the Convertible Debentures
at the holder’s option on a “change of control”, in each case in accordance with the
terms of the indentures or other governing documents relating thereto.

     8.11 Subsidiary Dividend Restrictions. Other than this Credit Agreement and the
indentures or other governing documents relating to the Convertible Debentures, the Domestic
Subsidiaries of EWI will not enter into any Contractual Obligation that limits the ability of any
such Domestic Subsidiary to declare or make dividend payments or other Restricted Payments.

     8.12 Use of Proceeds.

     Use the proceeds of any Credit Extension, whether directly or indirectly, and whether
immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of
Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying
margin stock or to refund indebtedness originally incurred for such purpose.

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     8.13 Financial Covenants.

     (a) Consolidated Net Worth. At any time, permit Consolidated Net Worth to be less
than the sum of (i) 75% of Consolidated Net Worth (as established by the financial statements
delivered pursuant to Section 7.01(b) for the fiscal quarter ending March 31, 2007) after giving
effect to the RIA Acquisition on a Pro Forma Basis plus (ii) an amount equal to 50% of
cumulative Consolidated Net Income (but not less than zero) from the end of the first fiscal
quarter to occur after the Closing Date, plus (ii) an amount equal to 75% of net cash proceeds from
Equity Transactions occurring after the Closing Date.

     (b) Consolidated Total Leverage Ratio. As of the end of each fiscal quarter, permit
the Consolidated Total Leverage Ratio to be greater than:

	 	 	 	 	 
	 	 	Maximum Consolidated Total
	Applicable Period	 	Leverage Ratio
	 
	Closing Date through December 30, 2007
	 	 	5.5:1.0	 
	December 31, 2007 through September 29, 2008
	 	 	5.0:1.0	 
	September 30, 2008 and thereafter
	 	 	4.5:1.0	 
	 

     (c) Consolidated Senior Secured Leverage Ratio. As of the end of each fiscal quarter,
permit the Consolidated Senior Secured Leverage Ratio to be greater than:

	 	 	 
	 	 	Maximum Consolidated Senior
	Applicable Period	 	Secured Leverage Ratio
	 
	Closing Date through December 30, 2007

	 	3.25:1.0
	December 31, 2007 through September 29, 2008

	 	  3.0:1.0
	September 30, 2008 and thereafter

	 	2.75:1.0
	 

     (d) Consolidated Fixed Charge Coverage Ratio. As of the end of each fiscal quarter,
permit the Consolidated Fixed Charge Coverage Ratio to be less than:

	 	 	 
	 	 	Minimum Consolidated Fixed
	Applicable Period	 	Charge Coverage Ratio
	 
	Closing Date through December 30, 2007

	 	1.25:1.0
	December 31, 2007 through September 29, 2008

	 	1.35:1.0
	September 30, 2008 and thereafter

	 	1.50:1.0
	 

ARTICLE IX

EVENTS OF DEFAULT AND REMEDIES

     9.01 Events of Default.

     Any of the following shall constitute an Event of Default:

     (a) Non-Payment. Any Borrower or any other Credit Party fails to pay (i) when and as
required to be paid herein, and in the currency required hereunder, any amount of principal of any
Loan or any L/C Obligation, or (ii) within five (5) Business Days after the same becomes due, any
interest on any

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Loan or on any L/C Obligation, or any fee due hereunder, or (iii) within five (5) Business
Days after the same becomes due, any other amount payable hereunder or under any other Credit
Document; or

     (b) Specific Covenants. Any Credit Party fails to perform or observe any term,
covenant or agreement contained in any of Section 7.01, 7.02, 7.03,
7.05, 7.10, 7.11, 7.13, 7.14 or 7.15 or Article
VIII; or

     (c) Other Defaults. Any Credit Party fails to perform or observe any other covenant
or agreement (not specified in subsection (a) or (b) above) contained in any Credit
Document on its part to be performed or observed and such failure continues for thirty (30) days;
or

     (d) Representations and Warranties. Any representation, warranty, certification or
statement of fact made or deemed made by or on behalf of any Credit Party herein, in any other
Credit Document, or in any document delivered in connection herewith or therewith shall be false or
misleading in any material respect when made or deemed made; or

     (e) Cross-Default. (i) Any member of the Consolidated Group (A) fails to make any
payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or
otherwise) in respect of any Indebtedness or Support Obligations (other than Indebtedness hereunder
and Indebtedness under Swap Contracts) having an aggregate principal amount (including undrawn
committed or available amounts and including amounts owing to all creditors under any combined or
syndicated credit arrangement) of more than $10 million, or (B) fails to observe or perform any
other agreement or condition relating to any such Indebtedness or Support Obligations or contained
in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs,
the effect of which default or other event is to cause, or to permit the holder or holders of such
Indebtedness or the beneficiary or beneficiaries of such Support Obligations (or a trustee or agent
on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of
notice if required, such Indebtedness to be demanded or to become due or to be repurchased,
prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay,
defease or redeem such Indebtedness to be made, prior to its stated maturity, or such Support
Obligations to become payable or cash collateral in respect thereof to be demanded; or (ii) there
occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract)
resulting from (A) any event of default under such Swap Contract as to which EWI or any Subsidiary
is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event (as so
defined) under such Swap Contract as to which EWI or any Subsidiary is an Affected Party (as so
defined) and, in either event, the Swap Termination Value owed by EWI or such Subsidiary as a
result thereof is greater than $10 million; or

     (f) Insolvency Proceedings, Etc. Any member of the Consolidated Group institutes or
consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment
for the benefit of creditors; or applies for or consents to the appointment of any receiver,
trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or
any material part of its property; or any receiver, trustee, custodian, conservator, liquidator,
rehabilitator or similar officer is appointed without the application or consent of such Person and
the appointment continues undischarged or unstayed for sixty calendar days; or any proceeding under
any Debtor Relief Law relating to any such Person or to all or any material part of its property is
instituted without the consent of such Person and continues undismissed or unstayed for sixty (60)
calendar days, or an order for relief is entered in any such proceeding; or

     (g) Inability to Pay Debts; Attachment. (i) Any member of the Consolidated Group
becomes unable or admits in writing its inability or fails generally to pay its debts as they
become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or
levied against all or any material

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part of the property of any such Person and is not released, vacated or fully bonded within
thirty (30) days after its issue or levy; or

     (h) Judgments. There is entered against any member of the Consolidated Group (i) a
final judgment or order for the payment of money in an aggregate amount (as to all such judgments
or orders) exceeding $10 million (to the extent not covered by independent third-party insurance as
to which the insurer does not dispute coverage), or (ii) any one or more non-monetary final
judgments that have, or would reasonably be expected to have, individually or in the aggregate, a
Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any
creditor upon such judgment or order, or (B) there is a period of forty-five (45) consecutive days
during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is
not in effect; or

     (i) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer
Plan that has resulted or would reasonably be expected to result in liability of a Credit Party
under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount
in excess of $5 million, or (ii) a Credit Party or any ERISA Affiliate fails to pay when due, after
the expiration of any applicable grace period, any installment payment with respect to its
withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount
in excess of $5 million; or

     (j) Invalidity of Credit Documents. Any Credit Document, at any time after its
execution and delivery and for any reason other than as expressly permitted hereunder or
satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Credit
Party or any other Person contests in any manner the validity or enforceability of any Credit
Document; or any Credit Party denies that it has any or further liability or obligation under any
Credit Document, or purports to revoke, terminate or rescind any Credit Document; or

     (k) Change of Control. There occurs any Change of Control.

     9.02 Remedies Upon Event of Default.

     If any Event of Default occurs and is continuing, the Administrative Agent shall, at the
request of, or may, with the consent of, the Required Lenders, take any or all of the following
actions:

     (a) declare the commitments of the Lenders to make Loans and the obligation of the L/C Issuers
to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be
terminated;

     (b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and
unpaid thereon, and all other amounts owing or payable hereunder or under any other Credit Document
to be immediately due and payable, without presentment, demand, protest or other notice of any
kind, all of which are hereby expressly waived by the Borrowers;

     (c) require that the F/X Borrowers and India Borrowers Cash Collateralize the F/X L/C
Obligations and the India L/C Obligations (in each case, in an amount equal to the then Outstanding
Amount thereof); and

     (d) exercise on behalf of itself and the Lenders all rights and remedies available to it or to
the Lenders under the Credit Documents or applicable Law;

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provided, however, that upon the occurrence of an Event of Default under Section
9.01(f), the obligation of each Lender to make Loans and any obligation of each L/C Issuer to
make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of all
outstanding Loans and all interest and other amounts as aforesaid shall automatically become due
and payable, and the obligation of the Borrowers to Cash Collateralize the L/C Obligations as
aforesaid shall automatically become effective, in each case without further act of the
Administrative Agent or any Lender.

     9.03 Application of Funds.

     After the exercise of remedies provided for in Section 9.02 (or after the Loans have
automatically become immediately due and payable and the L/C Obligations have automatically been
required to be Cash Collateralized as set forth in the proviso to Section 9.02), any
amounts received on account of the Obligations shall be applied by the Administrative Agent in the
following order:

     First, to payment of that portion of the Obligations constituting fees,
indemnities, expenses and other amounts (including all reasonable fees, expenses and
disbursements of any law firm or other counsel to the Administrative Agent and amounts
payable under Article III) payable to the Administrative Agent in its capacity as
such;

     Second, to payment of that portion of the Obligations constituting fees,
indemnities and other amounts (other than principal and interest and Letter of Credit Fees)
payable to the Lenders and the L/C Issuers (including all reasonable fees, expenses and
disbursements of any law firm or other counsel to the respective Lenders and the respective
L/C Issuers and amounts payable under Article III), ratably among the Lenders in
proportion to the amounts described in this clause Second payable to them;

     Third, to payment of that portion of the Obligations constituting accrued and
unpaid Letter of Credit Fees and interest on the Loans, L/C Borrowings and other
Obligations, ratably among the Lenders, the Swingline Lender and the L/C Issuers in
proportion to the respective amounts described in this clause Third payable to them;

     Fourth, to (a) payment of that portion of the Obligations constituting unpaid
principal of the Loans and L/C Borrowings, (b) payment of breakage, termination or other
amounts owing in respect of any Swap Contract between any Credit Party and any Lender, or
any Affiliate of a Lender, to the extent such Swap Contract is permitted hereunder, (c)
payments of amounts due under any Treasury Management Agreement between any Credit Party and
any Lender, or any Affiliate of a Lender and (d) the Administrative Agent for the account of
the applicable L/C Issuers, to Cash Collateralize that portion of the L/C Obligations
comprised of the aggregate undrawn amount of Letters of Credit, ratably among such parties
in proportion to the respective amounts described in this clause Fourth payable to
them; and

     Last, the balance, if any, after all of the Obligations have been indefeasibly
paid in full, to the Borrowers or as otherwise required by Law.

Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn amount
of Letters of Credit pursuant to clause Fourth above shall be applied to satisfy drawings
under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral
after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be
applied to the other Obligations, if any, in the order set forth above.

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ARTICLE X

ADMINISTRATIVE AGENT AND COLLATERAL AGENT

 

     10.01 Appointment and Authorization of Administrative Agent.

     (a) Each of the Lenders and the L/C Issuers hereby irrevocably appoints Bank of America to act
on its behalf as the Administrative Agent hereunder and under the other Credit Documents and
authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers
as are delegated to the Administrative Agent by the terms hereof or thereof, together with such
actions and powers as are reasonably incidental thereto. The provisions of this Article are solely
for the benefit of the Administrative Agent, the Lenders and the L/C Issuers, and neither any
Borrower nor any other Credit Party shall have rights as a third party beneficiary of any of such
provisions.

     (b) Each Lender hereby irrevocably appoints, designates and authorizes the Collateral Agent to
take such action on its behalf under the provisions of this Credit Agreement and each Collateral
Document and to exercise such powers and perform such duties as are expressly delegated to it by
the terms of this Credit Agreement or any Collateral Document, together with such powers as are
reasonably incidental thereto. Notwithstanding any provision to the contrary contained elsewhere
herein or in any Collateral Document, the Collateral Agent shall not have any duties or
responsibilities, except those expressly set forth herein or therein, nor shall the Collateral
Agent have or be deemed to have any fiduciary relationship with any Lender or participant, and no
implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read
into this Credit Agreement or any Collateral Document or otherwise exist against the Collateral
Agent. Without limiting the generality of the foregoing sentence, the use of the term “agent”
herein and in the Collateral Documents with reference to the Collateral Agent is not intended to
connote any fiduciary or other implied (or express) obligations arising under agency doctrine of
any applicable Law. Instead, such term is used merely as a matter of market custom, and is
intended to create or reflect only an administrative relationship between independent contracting
parties. The Collateral Agent shall act on behalf of the Lenders with respect to any Collateral
and the Collateral Documents, and the Collateral Agent shall have all of the benefits and
immunities (i) provided to the Administrative Agent under the Credit Documents with respect to any
acts taken or omissions suffered by the Collateral Agent in connection with any Collateral or the
Collateral Documents as fully as if the term “Administrative Agent” as used in such Credit
Documents included the Collateral Agent with respect to such acts or omissions, and (ii) as
additionally provided herein or in the Collateral Documents with respect to the Collateral Agent.

     10.02 Rights as a Lender.

     The Person serving as the Administrative Agent hereunder shall have the same rights and powers
in its capacity as a Lender as any other Lender and may exercise the same as though it were not the
Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated
or unless the context otherwise requires, include the Person serving as the Administrative Agent
hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from,
lend money to, act as the financial advisor or in any other advisory capacity for and generally
engage in any kind of business with EWI or any Subsidiary or other Affiliate thereof as if such
Person were not the Administrative Agent hereunder and without any duty to account therefor to the
Lenders.

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     10.03 Exculpatory Provisions.

     The Administrative Agent shall not have any duties or obligations except those expressly set
forth herein and in the other Credit Documents. Without limiting the generality of the foregoing,
the Administrative Agent:

     (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a
Default has occurred and is continuing;

     (b) shall not have any duty to take any discretionary action or exercise any discretionary
powers, except discretionary rights and powers expressly contemplated hereby or by the other Credit
Documents that the Administrative Agent is required to exercise as directed in writing by the
Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided
for herein or in the other Credit Documents), provided that the Administrative Agent shall
not be required to take any action that, in its opinion or the opinion of its counsel, may expose
the Administrative Agent to liability or that is contrary to any Credit Document or applicable law;
and

     (c) shall not, except as expressly set forth herein and in the other Credit Documents, have
any duty to disclose, and shall not be liable for the failure to disclose, any information relating
to EWI or any of its Affiliates that is communicated to or obtained by the Person serving as the
Administrative Agent or any of its Affiliates in any capacity.

     The Administrative Agent shall not be liable for any action taken or not taken by it (i) with
the consent or at the request of the Required Lenders (or such other number or percentage of the
Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be
necessary, under the circumstances as provided in Sections 11.01 and 9.02) or (ii)
in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall
be deemed not to have knowledge of any Default unless and until notice describing such Default is
given to the Administrative Agent by a Borrower, a Lender or an L/C Issuer.

     The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire
into (i) any statement, warranty or representation made in or in connection with this Credit
Agreement or any other Credit Document, (ii) the contents of any certificate, report or other
document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the
performance or observance of any of the covenants, agreements or other terms or conditions set
forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability,
effectiveness or genuineness of this Administrative Agreement, any other Credit Document or any
other agreement, instrument or document or (v) the satisfaction of any condition set forth in
Article V or elsewhere herein, other than to confirm receipt of items expressly required to
be delivered to the Administrative Agent.

     10.04 Reliance by Administrative Agent.

     The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for
relying upon, any notice, request, certificate, consent, statement, instrument, document or other
writing (including any electronic message, Internet or intranet website posting or other
distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated
by the proper Person. The Administrative Agent also may rely upon any statement made to it orally
or by telephone and believed by it to have been made by the proper Person, and shall not incur any
liability for relying thereon. In determining compliance with any condition hereunder to the
making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the
satisfaction of a Lender or an L/C Issuer, the Administrative Agent may presume that such condition
is satisfactory to such Lender or such L/C Issuer

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unless the Administrative Agent shall have received notice to the contrary from such Lender or
such L/C Issuer prior to the making of such Loan or the issuance of such Letter of Credit. The
Administrative Agent may consult with legal counsel (who may be counsel for the Borrowers),
independent accountants and other experts selected by it, and shall not be liable for any action
taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.

     10.05 Delegation of Duties.

     The Administrative Agent may perform any and all of its duties and exercise its rights and
powers hereunder or under any other Credit Document by or through any one or more sub-agents
appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform
any and all of its duties and exercise its rights and powers by or through their respective Related
Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the
Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their
respective activities in connection with the syndication of the credit facilities provided for
herein as well as activities as Administrative Agent.

     10.06 Resignation of the Administrative Agent.

     The Administrative Agent may at any time give notice of its resignation to the Lenders, the
L/C Issuers and the Borrowers. Upon receipt of any such notice of resignation, the Required
Lenders shall have the right, in consultation with the Borrowers, to appoint a successor, which
shall be a bank with an office in the United States, or an Affiliate of any such bank with an
office in the United States. If no such successor shall have been so appointed by the Required
Lenders and shall have accepted such appointment within 30 days after the retiring Administrative
Agent gives notice of its resignation, then the retiring Administrative Agent may on behalf of the
Lenders and the L/C Issuers, appoint a successor Administrative Agent meeting the qualifications
set forth above; provided that if the Administrative Agent shall notify the Borrowers and
the Lenders that no qualifying Person has accepted such appointment, then such resignation shall
nonetheless become effective in accordance with such notice and (1) the retiring Administrative
Agent shall be discharged from its duties and obligations hereunder and under the other Credit
Documents (except that in the case of any collateral security held by the Administrative Agent on
behalf of the Lenders or the L/C Issuers under any of the Credit Documents, the retiring
Administrative Agent shall continue to hold such collateral security until such time as a successor
Administrative Agent is appointed) and (2) all payments, communications and determinations provided
to be made by, to or through the Administrative Agent shall instead be made by or to each Lender
and each L/C Issuer directly, until such time as the Required Lenders appoint a successor
Administrative Agent as provided for above in this Section. Upon the acceptance of a successor’s
appointment as Administrative Agent hereunder, such successor shall succeed to and become vested
with all of the rights, powers, privileges and duties of the retiring (or retired) Administrative
Agent, and the retiring Administrative Agent shall be discharged from all of its duties and
obligations hereunder or under the other Credit Documents (if not already discharged therefrom as
provided above in this Section). The fees payable by the Borrowers to a successor Administrative
Agent shall be the same as those payable to its predecessor unless otherwise agreed between the
Borrowers and such successor. After the retiring Administrative Agent’s resignation hereunder and
under the other Credit Documents, the provisions of this Article and Section 11.04 shall
continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their
respective Related Parties in respect of any actions taken or omitted to be taken by any of them
while the retiring Administrative Agent was acting as Administrative Agent.

     Any resignation by Bank of America as Administrative Agent pursuant to this Section shall also
constitute its resignation as L/C Issuer and Swingline Lender. Upon the acceptance of a
successor’s appointment as Administrative Agent hereunder, (a) such successor shall succeed to and
become vested

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with all of the rights, powers, privileges and duties of the retiring L/C Issuer and Swingline
Lender, (b) the retiring L/C Issuer and Swingline Lender shall be discharged from all of their
respective duties and obligations hereunder or under the other Credit Documents, and (c) the
successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if
any, outstanding at the time of such succession or make other arrangement satisfactory to the
retiring L/C Issuer to effectively assume the obligations of the retiring L/C Issuer with respect
to such Letters of Credit.

     10.07 Non-Reliance on Administrative Agent and Other Lenders.

     Each of the Lenders and the L/C Issuers acknowledges that it has, independently and without
reliance upon the Administrative Agent or any other Lender or any of their Related Parties and
based on such documents and information as it has deemed appropriate, made its own credit analysis
and decision to enter into this Credit Agreement. Each of the Lender and the L/C Issuers also
acknowledges that it will, independently and without reliance upon the Administrative Agent or any
other Lender or any of their Related Parties and based on such documents and information as it
shall from time to time deem appropriate, continue to make its own decisions in taking or not
taking action under or based upon this Credit Agreement, any other Credit Document or any related
agreement or any document furnished hereunder or thereunder.

 

     10.08 No Other Duties.

     Anything herein to the contrary notwithstanding, neither the Sole Lead Arranger nor the Sole
Book Manager listed on the cover page hereof shall have any powers, duties or responsibilities
under this Credit Agreement or any of the other Credit Documents, except in its capacity, as
applicable, as the Administrative Agent, a Lender or an L/C Issuer hereunder.

 

     10.09 Administrative Agent May File Proofs of Claim.

     In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial
proceeding relative to any Credit Party, the Administrative Agent (irrespective of whether the
principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by
declaration or otherwise and irrespective of whether the Administrative Agent shall have made any
demand on the Borrowers) shall be entitled and empowered, by intervention in such proceeding or
otherwise:

     (a) to file and prove a claim for the whole amount of the principal and interest owing and
unpaid in respect of the Loans, L/C Obligations and all other Obligations (other than obligations
under Swap Contracts or Treasury Management Agreements to which the Administrative Agent is not a
party) that are owing and unpaid and to file such other documents as may be necessary or advisable
in order to have the claims of the Lenders, the L/C Issuers and the Administrative Agent (including
any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the
L/C Issuers and the Administrative Agent and their respective agents and counsel and all other
amounts due the Lenders, the L/C Issuers and the Administrative Agent under Sections 2.09
and 11.04) allowed in such judicial proceeding; and

     (b) to collect and receive any monies or other property payable or deliverable on any such
claims and to distribute the same;

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Lender and each L/C Issuer to make
such payments to the Administrative Agent and, in the event that the Administrative Agent shall
consent to the making of such payments directly to the Lenders and the L/C Issuers, to pay to the
Administrative Agent any

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amount due for the reasonable compensation, expenses, disbursements and advances of the
Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent
under Sections 2.09 and 11.04.

     Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or
consent to or accept or adopt on behalf of any Lender or any L/C Issuer any plan of reorganization,
arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or any
L/C Issuer to authorize the Administrative Agent to vote in respect of the claim of any Lender or
any L/C Issuer in any such proceeding.

     10.10 Collateral and Guaranty Matters.

     The Lenders and the L/C Issuers irrevocably authorize the Administrative Agent, at its option
and in its discretion,

     (a) to release any Lien on any property granted to or held by the Administrative Agent under
any Credit Document (i) upon termination of the Aggregate Commitments and payment in full of all
Obligations (other than contingent indemnification obligations) and the expiration or termination
of all Letters of Credit, (ii) that is sold or to be sold as part of or in connection with any sale
permitted hereunder or under any other Credit Document, or (iii) subject to Section 11.01,
if approved, authorized or ratified in writing by the Required Lenders;

     (b) to subordinate any Lien on any property granted to or held by the Administrative Agent
under any Credit Document to the holder of any Lien on such property that is permitted by
Section 8.01(j); and

     (c) to release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty if
such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder.

     Upon request by the Administrative Agent at any time, the Required Lenders will confirm in
writing the authority of the Administrative Agent to release any Guarantor from its obligations
hereunder pursuant to this Section 10.10.

 

ARTICLE XI

MISCELLANEOUS

 

     11.01 Amendments, Etc.

     (a) No amendment or waiver of, or any consent to deviation from, any provision of this Credit
Agreement or any other Credit Document shall be effective unless in writing and signed by the
applicable Borrower or the applicable Credit Party, as the case may be, and the Required Lenders
and acknowledged by the Administrative Agent, and each such amendment, waiver or consent shall be
effective only in the specific instance and for the specific purpose for which it is given;
provided, however, that:

     (i) unless also consented to in writing by each Lender directly affected thereby, no
such amendment, waiver or consent shall:

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     (A) extend or increase the Commitment of any Lender (or reinstate any
Commitment terminated pursuant to Section 9.02), it being understood that
the amendment or waiver of an Event of Default or a mandatory reduction or a
mandatory prepayment in Commitments shall not be considered an increase in
Commitments,

     (B) waive non-payment or postpone any date fixed by this Credit Agreement or
any other Credit Document for any payment of principal, interest, fees or other
amounts due to any Lender hereunder or under any other Credit Document,

     (C) reduce the principal of, or the rate of interest specified herein on, any
Loan or L/C Borrowing, or (subject to clause (v) of the last proviso of this
Section 11.01) any fees or other amounts payable hereunder or under any
other Credit Document; provided, however, that only the consent of the
Required Lenders shall be necessary (A) to amend the definition of “Default Rate” or
to waive any obligation of any Borrower to pay interest or Letter of Credit Fees at
the Default Rate or (B) to amend any financial covenant hereunder (or any defined
term used therein) even if the effect of such amendment would be to reduce the rate
of interest on any Loan or L/C Borrowing or to reduce any fee payable hereunder,

     (D) change any provision of this Credit Agreement regarding pro rata sharing or
pro rata funding with respect to (A) the making of advances (including
participations), (B) the manner of application of payments or prepayments of
principal, interest, or fees, (C) the manner of application of reimbursement
obligations from drawings under Letters of Credit, or (D) the manner of reduction of
commitments and committed amounts,

     (E) amend Section 1.06 or the definition of “Alternative Currency”
without the written consent of each Lender;

     (F) change any provision of this Section 11.01(a) or the definition of
“Required Lenders” or any other provision hereof specifying the number or percentage
of Lenders required to amend, waive or otherwise modify any rights hereunder or make
any determination or grant any consent hereunder,

     (G) release all or substantially all of the Guarantors from their obligations
under the Credit Documents (other than as provided herein or as appropriate in
connection with transactions permitted hereunder, in which case such release may be
made by the Administrative Agent acting alone);

     (H) release all or substantially all of the Collateral in any transaction or
series of related transactions; or

     (I) amend the definition of “Interest Period” so as to permit intervals in
excess of six months;

     (ii) unless also signed by the Required Revolving Lenders, no such amendment, waiver or
consent shall:

     (A) waive any Default or Event of Default for purposes of Section 5.02,

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     (B) amend or waive any mandatory prepayment on Revolving Obligations under
Section 2.06(b) or the manner of application thereof to the Revolving
Obligations under Section 2.06(c), or

     (C) amend or waive the provisions of Section 5.02 (Conditions to all
Credit Extensions), Section 7.13 (Joinder of Additional Guarantors),
Article VIII (Negative Covenants), Article IX (Events of Default),
this Section 11.01(a)(ii) or the definition of “Required Revolving Lenders”;

     (iii) unless also signed by the Required Tranche B Term Lenders, no such amendment,
waiver or consent shall:

     (A) amend or waive any mandatory prepayment on the Tranche B Term Loan under
Section 2.06(b) or the manner of application thereof to the Tranche B Term
Loan under Section 2.06(c), or

     (B) amend or waive the provisions of this Section 11.01(a)(iii) or the
definition of “Required Tranche B Term Lenders”;

     (iv) unless also consented to in writing by the applicable L/C Issuer, no such
amendment, waiver or consent shall affect the rights or duties of such L/C Issuer under this
Credit Agreement or any Issuer Document relating to any Letter of Credit issued or to be
issued by it;

     (v) unless also consented to in writing by the Swingline Lender, no such amendment,
waiver or consent shall affect the rights or duties of the Swingline Lender under this
Credit Agreement;

     (vi) unless also consented to in writing by the Administrative Agent, no such
amendment, waiver or consent shall affect the rights or duties of the Administrative Agent
under this Credit Agreement or any other Credit Document; and

     (vii) unless also consented to in writing by the Collateral Agent, no such amendment,
waiver or consent shall affect the rights or duties of the Collateral Agent under this
Credit Agreement or any other Credit Document;

provided however, that notwithstanding anything to the contrary contained herein,
(i) no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver
or consent hereunder, except that the Commitment of such Lender may not be increased or
extended without the consent of such Lender, (ii) each Lender is entitled to vote as such
Lender sees fit on any bankruptcy or insolvency reorganization plan that affects the Loans,
(iii) each Lender acknowledged that the provisions of Section 1126(c) of the Bankruptcy Code
supersedes the unanimous consent provisions set forth herein, (iv) the Required Lenders may
consent to allow a Credit Party to use cash collateral in the context of a bankruptcy or
insolvency proceeding, and (v) the Fee Letter may be amended, or rights or privileges
thereunder waived, in a writing executed only by the parties thereto. Notwithstanding
anything to the contrary herein, no Defaulting Lender shall have any right to approve or
disapprove any amendment, waiver or consent hereunder, except that the Commitment of such
Lender may not be increased or extended without the consent of such Lender.

     (b) Additional Commitments or Tranches. For the avoidance of doubt and
notwithstanding provisions to the contrary in this Section 11.01, this Credit Agreement may
be amended (or amended and

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restated) with the written consent of the Credit Parties and the Administrative Agent for the
Incremental Credit Facilities contemplated in subsections (e) and (f) of
Section 2.01, and otherwise, the Credit Parties and the Required Lenders, in each case, to
(i) increase the aggregate amount of commitments under any of the respective facilities, (ii) add
one or more additional borrowing tranches hereunder and to provide for the ratable sharing of the
benefits of this Credit Agreement and the other Credit Documents with the other commitments and
Obligations contemplated herein and therein, and (iii) include the lenders providing the
commitments and extensions of credit therefor in the determination of “Required Lenders” and /or to
provide consent rights for such lenders consistent with those afforded under clauses (ii), (iii)
and (iv) of Section 11.01(a) above.

     11.02 Notices; Effectiveness; Electronic Communication.

     (a) Notices Generally. Except in the case of notices and other communications
expressly permitted to be given by telephone (and except as provided in subsection (b)
below), all notices and other communications provided for herein shall be in writing and shall be
delivered by hand or overnight courier service, mailed by certified or registered mail or sent by
telecopier as follows, and all notices and other communications expressly permitted hereunder to be
given by telephone shall be made to the applicable telephone number, as follows:

     (i) if to any Borrower, the Administrative Agent, any L/C Issuer or the Swingline
Lender, to the address, telecopier number, electronic mail address or telephone number
specified for such Person on Schedule 11.02; and

     (ii) if to any other Lender, to the address, telecopier number, electronic mail address
or telephone number specified in its Administrative Questionnaire.

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall
be deemed to have been given when received; notices sent by telecopier shall be deemed to have been
given when sent (except that, if not given during normal business hours for the recipient, shall be
deemed to have been given at the opening of business on the next business day for the recipient).
Notices delivered through electronic communications to the extent provided in subsection
(b) below, shall be effective as provided in such subsection (b).

     (b) Electronic Communications. Notices and other communications to the Lenders and
the L/C Issuers hereunder may be delivered or furnished by electronic communication (including
e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative
Agent, provided that the foregoing shall not apply to notices to any Lender or any L/C
Issuer pursuant to Article II if such Lender or such L/C Issuer, as applicable, has
notified the Administrative Agent that it is incapable of receiving notices under such Article by
electronic communication. The Administrative Agent or the any Borrower may, in its discretion,
agree to accept notices and other communications to it hereunder by electronic communications
pursuant to procedures approved by it, provided that approval of such procedures may be
limited to particular notices or communications.

Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to
an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the
intended recipient (such as by the “return receipt requested” function, as available, return e-mail
or other written acknowledgement), provided that if such notice or other communication is
not sent during the normal business hours of the recipient, such notice or communication shall be
deemed to have been sent at the opening of business on the next business day for the recipient, and
(ii) notices or communications posted to an Internet or intranet website shall be deemed received
upon the deemed receipt by the

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intended recipient at its e-mail address as described in the foregoing clause (i) of notification
that such notice or communication is available and identifying the website address therefor.

     (c) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT
PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE CREDIT PARTY
MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR
OMISSIONS FROM THE CREDIT PARTY MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY,
INCLUDING 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 ANY AGENT PARTY IN
CONNECTION WITH THE CREDIT PARTY MATERIALS OR THE PLATFORM. In no event shall the Administrative
Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability
to any Borrower or any other Credit Party, any Lender, any L/C Issuer or any other Person for
losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or
otherwise) arising out of any Borrower’s or any other Credit Party’s or the Administrative Agent’s
transmission of Credit Party Materials through the Internet, except to the extent that such losses,
claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a
final and nonappealable judgment to have resulted from the gross negligence or willful misconduct
of such Agent Party; provided, however, that in no event shall any Agent Party have
any liability to any Borrower or any other Credit Party, any Lender, any L/C Issuer or any other
Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct
or actual damages).

     (c) Change of Address, Etc. Each of the Borrowers, the Administrative Agent, the L/C
Issuers and the Swingline Lender may change its address, telecopier or telephone number for notices
and other communications hereunder by notice to the other parties hereto. Each other Lender may
change its address, telecopier or telephone number for notices and other communications hereunder
by notice to the Borrowers, the Administrative Agent, the L/C Issuers and the Swingline Lender. In
addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that
the Administrative Agent has on record (i) an effective address, contact name, telephone number,
telecopier number and electronic mail address to which notices and other communications may be sent
and (ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to
cause at least one individual at or on behalf of such Public Lender to at all times have selected
the “Private Side Information” or similar designation on the content declaration screen of the
Platform in order to enable such Public Lender or its delegate, in accordance with such Public
Lender’s compliance procedures and applicable Law, including United States Federal and state
securities Laws, to make reference to Credit Party Materials that are not made available through
the “Public Side Information” portion of the Platform and that may contain material non-public
information with respect to any Credit Party or its securities for purposes of United States
Federal or state securities laws.

     (d) Reliance by Administrative Agent, L/C Issuers and Lenders. The Administrative
Agent, the L/C Issuers and the Lenders shall be entitled to rely and act upon any notices
(including telephonic Loan Notices and Swingline Loan Notices) purportedly given by or on behalf of
any Borrower even if (i) such notices were not made in a manner specified herein, were incomplete
or were not preceded or followed by any other form of notice specified herein, or (ii) the terms
thereof, as understood by the recipient, varied from any confirmation thereof. Each Borrower shall
indemnify the Administrative Agent, each L/C Issuer, each Lender and the Related Parties of each of
them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on
each notice purportedly given by or on behalf of any Borrower. All telephonic notices to and other
telephonic communications with the Administrative Agent may be recorded by the Administrative
Agent, and each of the parties hereto hereby consents to such recording.

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     11.03 No Waiver; Cumulative Remedies.

     No failure by any Lender, any L/C Issuer, Swingline Lender or the Administrative Agent to
exercise, and no delay by any such Person in exercising, 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.

 

     11.04 Expenses; Indemnity; Damage Waiver.

     (a) Costs and Expenses. The Borrowers shall pay (i) all reasonable out-of-pocket
expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees,
charges and disbursements of counsel for the Administrative Agent), in connection with the
syndication of the credit facilities provided for herein, the preparation, negotiation, execution,
delivery and administration of this Credit Agreement and the other Credit Documents or any
amendments, modifications or waivers of the provisions hereof or thereof (whether or not the
transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable
out-of-pocket expenses incurred by any L/C Issuer in connection with the issuance, amendment,
renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all
out-of-pocket expenses incurred by the Administrative Agent, any Lender or any L/C Issuer
(including the fees, charges and disbursements of any counsel for the Administrative Agent, any
Lender or any L/C Issuer), in connection with the enforcement or protection of its rights (A) in
connection with this Credit Agreement and the other Credit Documents, including its rights under
this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder,
including all such out-of-pocket expenses incurred during any workout, restructuring or
negotiations in respect of such Loans or Letters of Credit.

     (b) Indemnification by the Borrowers. The Borrowers shall indemnify the
Administrative Agent (and any sub-agent thereof), each Lender and each L/C Issuer, and each Related
Party of any of the foregoing Persons (each such Person being called an “Indemnitee”)
against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities
and related expenses (including the fees, charges and disbursements of any counsel for any
Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by
any Borrower or any other Credit Party arising out of, in connection with, or as a result of (i)
the execution or delivery of this Credit Agreement, any other Credit Document or any agreement or
instrument contemplated hereby or thereby, the performance by the parties hereto of their
respective obligations hereunder or thereunder or the consummation of the transactions contemplated
hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its
Related Parties only, the administration of this Credit Agreement and the other Credit Documents,
(ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including
any refusal by an L/C Issuer to honor a demand for payment under a Letter of Credit if the
documents presented in connection with such demand do not strictly comply with the terms of such
Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or
from any property owned or operated by any Borrower or any of its Subsidiaries, or any
Environmental Liability related in any way to any Borrower or any of its Subsidiaries, or (iv) any
actual or prospective claim, litigation, investigation or proceeding relating to any of the
foregoing, whether based on contract, tort or any other theory, whether brought by a third party or
by any Borrower or any other Credit Party, and regardless of whether any Indemnitee is a party
thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the
extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a
court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross
negligence or willful misconduct of such Indemnitee or (y) result from a claim brought by

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any Borrower or any other Credit Party against an Indemnitee for breach in bad faith of such
Indemnitee’s obligations hereunder or under any other Credit Document, if such Borrower or such
Credit Party has obtained a final and nonappealable judgment in its favor on such claim as
determined by a court of competent jurisdiction.

     (c) Reimbursement by Lenders. To the extent that any Borrower for any reason fails to
indefeasibly pay any amount required under subsection (a) or (b) of this Section to
be paid by it to the Administrative Agent (or any sub-agent thereof), an L/C Issuer or any Related
Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or
any such sub-agent), such L/C Issuer or such Related Party, as the case may be, such Lender’s
Aggregate Commitment Percentage or, in the case of L/C Obligations, Revolving Commitment Percentage
(determined in each case as of the time that the applicable unreimbursed expense or indemnity
payment is sought) of such unpaid amount, provided that the unreimbursed expense or
indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by
or asserted against the Administrative Agent (or any such sub-agent) or such L/C Issuer in its
capacity as such, or against any Related Party of any of the foregoing acting for the
Administrative Agent (or any such sub-agent) or an L/C Issuer in connection with such capacity.
The obligations of the Lenders under this subsection (c) are subject to the provisions of
Section 2.11(d).

     (d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by
applicable law, no Borrower shall assert, and hereby waives, any claim against any Indemnitee, on
any theory of liability, for special, indirect, consequential or punitive damages (as opposed to
direct or actual damages) arising out of, in connection with, or as a result of, this Credit
Agreement, any other Credit Document or any agreement or instrument contemplated hereby, the
transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the
proceeds thereof. No Indemnitee referred to in subsection (b) above shall be liable for any
damages arising from the use by unintended recipients of any information or other materials
distributed to such unintended recipients by such Indemnitee through telecommunications, electronic
or other information transmission systems in connection with this Credit Agreement or the other
Credit Documents or the transactions contemplated hereby or thereby other than for direct or actual
damages resulting from the gross negligence or willful misconduct of such Indemnitee as determined
by a final and nonappealable judgment of a court of competent jurisdiction.

     (e) Payments. All amounts due under this Section shall be payable not later than ten
Business Days after demand therefor.

     (f) Survival. The agreements in this Section shall survive the resignation of the
Administrative Agent, any L/C Issuer and the Swingline Lender, the replacement of any Lender, the
termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the
other Obligations.

     11.05 Payments Set Aside.

     To the extent that any payment by or on behalf of any Borrower is made to the Administrative
Agent, any L/C Issuer or any Lender, or the Administrative Agent, any L/C Issuer or any Lender
exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof
is subsequently invalidated, declared to be fraudulent or preferential, set aside or required
(including pursuant to any settlement entered into by the Administrative Agent, such L/C Issuer or
such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in
connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of
such recovery, the obligation or part thereof originally intended to be satisfied shall be revived
and continued in full force and effect as if such payment had not been made or such setoff had not
occurred, and (b) each Lender and each L/C Issuer severally agrees to pay to the Administrative
Agent on demand its applicable share (without duplication)

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of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon
from the date of such demand to the date such payment is made at a rate per annum equal to the
applicable Overnight Rate from time to time in effect, in the applicable currency of such recovery
or payment. The obligations of the Lenders and the L/C Issuers under clause (b) of the preceding
sentence shall survive the payment in full of the Obligations and the termination of this Credit
Agreement.

     11.06 Successors and Assigns.

     (a) Successors and Assigns Generally. The provisions of this Credit Agreement shall
be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby, except that neither any Borrower nor any other Credit Party may assign or
otherwise transfer any of its rights or obligations hereunder without the prior written consent of
the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its
rights or obligations hereunder except (i) to an assignee in accordance with the provisions of
subsection (b) of this Section, (ii) by way of participation in accordance with the
provisions of subsection (d) of this Section, or (iii) by way of pledge or assignment of a
security interest subject to the restrictions of subsection (f) of this Section (and any
other attempted assignment or transfer by any party hereto shall be null and void). Nothing in
this Credit Agreement, expressed or implied, shall be construed to confer upon any Person (other
than the parties hereto, their respective successors and assigns permitted hereby, Participants to
the extent provided in subsection (d) of this Section and, to the extent expressly
contemplated hereby, the Related Parties of each of the Administrative Agent, the L/C Issuers and
the Lenders) any legal or equitable right, remedy or claim under or by reason of this Credit
Agreement.

     (b) Assignments by Lenders. Any Lender may at any time assign to one or more
assignees all or a portion of its rights and obligations under this Credit Agreement (including all
or a portion of its Commitment and the Loans (including for purposes of this subsection
(b), participations in L/C Obligations and in Swingline Loans) at the time owing to it);
provided that any such assignment shall be subject to the following conditions:

     (i) Minimum Amounts.

     (A) in the case of an assignment of the entire remaining amount of the
assigning Lender’s Commitment and the Loans at the time owing to it or in the case
of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no
minimum amount need be assigned, subject to clause (C) below; and

     (B) in any case not described in subsection (b)(i)(A) of this Section,
the aggregate amount of the Commitment (which for this purpose includes Loans
outstanding thereunder) or, if the Commitment is not then in effect, the principal
outstanding balance of the Loans of the assigning Lender subject to each such
assignment, determined as of the date the Assignment and Assumption with respect to
such assignment is delivered to the Administrative Agent or, if “Trade Date” is
specified in the Assignment and Assumption, as of the Trade Date, shall not be less
than $5 million, in the case of Revolving Commitments, and $1 million, in the case
of the Tranche B Term Loan, unless each of the Administrative Agent and, so long as
no Event of Default has occurred and is continuing, each applicable Borrower
otherwise consents (each such consent not to be unreasonably withheld or delayed);
provided, however, that concurrent assignments to members of an Assignee Group and
concurrent assignments from members of an Assignee Group to a single Eligible
Assignee (or to an Eligible Assignee and members of its Assignee Group) will be
treated as a single assignment for purposes of determining whether such minimum
amount has been met; and

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     (C) The value of the rights assigned or transferred must at least be EUR 50,000
(or its equivalent in other currencies) or, if the value is lower, the assignee or
transferee qualifies as a professional market party under the terms of the Dutch
Financial Supervision Act (Wet op het Financieel Toezicht).

     (ii) Proportionate Amounts. Each partial assignment shall be made as an
assignment of a proportionate part of all the assigning Lender’s rights and obligations
under this Credit Agreement with respect to the Loans or the Commitment assigned, except
that this clause (ii) shall not (A) apply to the Swingline Lender’s rights and
obligations in respect of Swingline Loans or (B) prohibit any Lender from assigning all or a
portion of its rights and obligations among its separate Revolving Commitments and Term Loan
Commitments on a non-pro rata basis;

     (iii) Required Consents. No consent shall be required for any assignment
except to the extent required by subsection (b)(i)(B) of this Section and, in
addition:

     (A) the consent of each applicable Borrower (such consent not to be
unreasonably withheld or delayed) shall be required unless (1) an Event of Default
has occurred and is continuing at the time of such assignment or (2) such assignment
is to a Lender, an Affiliate of a Lender or an Approved Fund;

     (B) the consent of the Administrative Agent (such consent not to be
unreasonably withheld or delayed) shall be required for assignments in respect of
(1) any Term Loan Commitment or Revolving Commitment if such assignment is to a
Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with
respect to such Lender or (2) any Term Loan to a Person that is not a Lender, an
Affiliate of a Lender or an Approved fund;

     (C) the consent of the applicable L/C Issuer (such consent not to be
unreasonably withheld or delayed) shall be required for any assignment that
increases the obligation of the assignee to participate in exposure under one or
more Letters of Credit (whether or not then outstanding); and

     (D) the consent of the applicable Swingline Lender (such consent not to be
unreasonably withheld or delayed) shall be required for any assignment in respect of
a Revolving Commitment.

     (iv) Assignment and Assumption. The parties to each assignment shall execute
and deliver to the Administrative Agent an Assignment and Assumption, together with a
processing and recordation fee in the amount of $3,500; provided, however, that the
Administrative Agent may, in its sole discretion, elect to waive such processing and
recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall
deliver to the Administrative Agent an Administrative Questionnaire.

     (v) No Assignment to Borrowers. No such assignment shall be made to any
Borrower or any Borrower’s Affiliate or Subsidiary.

     (vi) No Assignment to Natural Persons. No such assignment shall be made to a
natural person.

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Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection
(c) of this Section, from and after the effective date specified in each Assignment and
Assumption, the assignee thereunder shall be a party to this Credit Agreement and, to the extent of
the interest assigned by such Assignment and Assumption, have the rights and obligations of a
Lender under this Credit Agreement, and the assigning Lender thereunder shall, to the extent of the
interest assigned by such Assignment and Assumption, be released from its obligations under this
Credit Agreement (and, in the case of an Assignment and Assumption covering all of the assigning
Lender’s rights and obligations under this Credit Agreement, such Lender shall cease to be a party
hereto) but shall continue to be entitled to the benefits of Sections 3.01, 3.04,
3.05, and 11.04 with respect to facts and circumstances occurring prior to the
effective date of such assignment. Upon request, each applicable Borrower (at its expense) shall
execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of
rights or obligations under this Credit Agreement that does not comply with this subsection shall
be treated for purposes of this Credit Agreement as a sale by such Lender of a participation in
such rights and obligations in accordance with subsection (d) of this Section.

     (c) Register. The Administrative Agent, acting solely for this purpose as an agent of
the Borrowers, shall maintain at the Administrative Agent’s Office a copy of each Assignment and
Assumption delivered to it and a register for the recordation of the names and addresses of the
Lenders, and the Commitments of, and principal amounts of the Loans and L/C Obligations owing to,
each Lender pursuant to the terms hereof from time to time (the “Register”). The entries
in the Register shall be conclusive, and the Borrowers, the Administrative Agent and the Lenders
may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a
Lender hereunder for all purposes of this Credit Agreement, notwithstanding notice to the contrary.
The Register shall be available for inspection by any Borrower and any Lender, at any reasonable
time and from time to time upon reasonable prior notice.

     (d) Participations. Any Lender may at any time, without the consent of, or notice to,
the Borrowers or the Administrative Agent, sell participations to any Person (other than a natural
person or any Borrower or any Borrower’s Affiliate or Subsidiary) (each, a “Participant”)
in all or a portion of such Lender’s rights and/or obligations under this Credit Agreement
(including all or a portion of its Commitment and/or the Loans (including such Lender’s
participations in L/C Obligations and/or Swingline Loans) owing to it); provided that (i) such
Lender’s obligations under this Credit Agreement shall remain unchanged, (ii) such Lender shall
remain solely responsible to the other parties hereto for the performance of such obligations and
(iii) the Borrowers, the Administrative Agent, the Lenders and the L/C Issuers shall continue to
deal solely and directly with such Lender in connection with such Lender’s rights and obligations
under this Credit Agreement.

Any agreement or instrument pursuant to which a Lender sells such a participation shall provide
that such Lender shall retain the sole right to enforce this Credit Agreement and to approve any
amendment, modification or waiver of any provision of this Credit Agreement; provided that such
agreement or instrument may provide that such Lender will not, without the consent of the
Participant, agree to any amendment, waiver or other modification described in the first proviso to
Section 11.01 that affects such Participant. Subject to subsection (e) of this
Section, each Borrower agrees that each Participant shall be entitled to the benefits of
Sections 3.01, 3.04 and 3.05 to the same extent as if it were a Lender and
had acquired its interest by assignment pursuant to subsection (b) of this Section. To the
extent permitted by law, each Participant also shall be entitled to the benefits of Section
11.08 as though it were a Lender, provided such Participant agrees to be subject to Section
2.12 as though it were a Lender.

     (e) Limitations upon Participant Rights. A Participant shall not be entitled to
receive any greater payment under Section 3.01 or 3.04 than the applicable Lender
would have been entitled to receive with respect to the participation sold to such Participant,
unless the sale of the participation to

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such Participant is made with each applicable Borrower’s prior written consent. A Participant
that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of
Section 3.01 unless each applicable Borrower is notified of the participation sold to such
Participant and such Participant agrees, for the benefit of each such Borrower, to comply with
Sections 3.01(e) and 3.06 as though it were a Lender.

     (f) Certain Pledges. Any Lender may at any time pledge or assign a security interest
in all or any portion of its rights under this Credit Agreement (including under its Note, if any)
to secure obligations of such Lender, including any pledge or assignment to secure obligations to a
Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any
of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party
hereto.

     (g) Electronic Execution of Assignments. The words “execution,” “signed,”
“signature,” and words of like import in any Assignment and Assumption shall be deemed to include
electronic signatures or the keeping of records in electronic form, each of which shall be of the
same legal effect, validity or enforceability as a manually executed signature or the use of a
paper-based recordkeeping system, as the case may be, to the extent and as provided for in any
applicable law, including the Federal Electronic Signatures in Global and National Commerce Act,
the New York State Electronic Signatures and Records Act, or any other similar state laws based on
the Uniform Electronic Transactions Act.

     (h) Resignation as L/C Issuer or Swingline Lender after Assignment. Notwithstanding
anything to the contrary contained herein, if at any time Bank of America assigns all of its
Revolving Commitment and Revolving Loans pursuant to subsection (b) above, Bank of America
may, (i) upon thirty (30) days’ notice to the Borrowers and the Lenders, resign as L/C Issuer
and/or (ii) upon thirty (30) days’ notice to the Borrowers, resign as Swingline Lender. In the
event of any such resignation as L/C Issuer or Swingline Lender, the Borrowers shall be entitled to
appoint from among the Lenders a successor L/C Issuer or Swingline Lender hereunder;
provided, however, that no failure by the Borrowers to appoint any such successor shall
affect the resignation of Bank of America as L/C Issuer or Swingline Lender, as the case may be.
If Bank of America resigns as L/C Issuer, it shall retain all the rights, powers, privileges and
duties of an L/C Issuer hereunder with respect to all Letters of Credit issued by it outstanding as
of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto
(including the right to require the Lenders to make Base Rate Loans or fund risk participations in
L/C Unreimbursed Amounts pursuant to Section 2.03(c)). If Bank of America resigns as
Swingline Lender, it shall retain all the rights of the Swingline Lender provided for hereunder
with respect to Swingline Loans made by it and outstanding as of the effective date of such
resignation, including the right to require the Lenders to make Base Rate Loans or fund risk
participations in outstanding Swingline Loans pursuant to Section 2.04(c). Upon the
appointment of a successor L/C Issuer and/or Swingline Lender, (a) such successor shall succeed to
and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer
or Swingline Lender, as the case may be, and (b) any successor L/C Issuer shall issue letters of
credit in substitution for the Letters of Credit, if any, outstanding at the time of such
succession or make other arrangements satisfactory to Bank of America to effectively assume the
obligations of Bank of America with respect to such Letters of Credit.

     11.07 Treatment of Certain Information; Confidentiality.

     Each of the Administrative Agent, the Lenders and the L/C Issuers agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a)
to its Affiliates and to its and its Affiliates’ respective partners, directors, officers,
employees, agents, advisors and representatives (it being understood that the Persons to whom such
disclosure is made will be informed of the confidential nature of such Information and instructed
to keep such Information confidential), (b) to the extent requested by any regulatory authority
purporting to have jurisdiction over it

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(including any self-regulatory authority, such as the National Association of Insurance
Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or
similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any
remedies hereunder or under any other Credit Document or any action or proceeding relating to this
Credit Agreement or any other Credit Document or the enforcement of rights hereunder or thereunder,
(f) subject to an agreement containing provisions substantially the same as those of this Section,
to (i) any assignee or pledgee under Section 11.06(f) of or Participant in, or any
prospective assignee or pledgee under Section 11.06(f) of or Participant in, any of its
rights or obligations under this Credit Agreement or (ii) any actual or prospective counterparty
(or its advisors) to any swap or derivative transaction relating to any Borrower and its
obligations, (g) with the consent of the applicable Borrower or (h) to the extent such Information
(x) becomes publicly available other than as a result of a breach of this Section or (y) becomes
available to the Administrative Agent, any Lender, any L/C Issuer or any of their respective
Affiliates on a nonconfidential basis from a source other than the Borrowers.

     For purposes of this Section, “Information” means all information received from EWI or
any Subsidiary relating to EWI or any Subsidiary or any of their respective businesses, other than
any such information that is available to the Administrative Agent, any Lender or any L/C Issuer on
a nonconfidential basis prior to disclosure by EWI or any Subsidiary, provided that, in the
case of information received from EWI or any Subsidiary after the date hereof, such information is
clearly identified at the time of delivery as confidential. Any Person required to maintain the
confidentiality of Information as provided in this Section shall be considered to have complied
with its obligation to do so if such Person has exercised the same degree of care to maintain the
confidentiality of such Information as such Person would accord to its own confidential
information.

     Each of the Administrative Agent, the Lenders and the L/C Issuers acknowledges that (a) the
Information may include material non-public information concerning EWI or any of its Subsidiaries,
as the case may be, (b) it has developed compliance procedures regarding the use of material
non-public information and (c) it will handle such material non-public information in accordance
with applicable Law, including federal and state securities Laws.

     11.08 Right of Setoff.

     If an Event of Default shall have occurred and be continuing, each Lender, each L/C Issuer and
each of their respective Affiliates is hereby authorized at any time and from time to time, to the
fullest extent permitted by applicable law, to set off and apply any and all deposits (general or
special, time or demand, provisional or final, in whatever currency) at any time held and other
obligations (in whatever currency) at any time owing by such Lender, such L/C Issuer or any such
Affiliate to or for the credit or the account of any Borrower or any other Credit Party against any
and all of the obligations of such Borrower or such Credit Party now or hereafter existing under
this Credit Agreement or any other Credit Document to such Lender or such L/C Issuer, irrespective
of whether or not such Lender or such L/C Issuer shall have made any demand under this Credit
Agreement or any other Credit Document and although such obligations of such Borrower or such
Credit Party may be contingent or unmatured or are owed to a branch or office of such Lender or
such L/C Issuer different from the branch or office holding such deposit or obligated on such
indebtedness. The rights of each Lender, each L/C Issuer and their respective Affiliates under
this Section are in addition to other rights and remedies (including other rights of setoff) that
such Lender, such L/C Issuer or their respective Affiliates may have. Each Lender and each L/C
Issuer agrees to notify each applicable Borrower and the Administrative Agent promptly after any
such setoff and application, provided that the failure to give such notice shall not affect
the validity of such setoff and application.

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     11.09 Interest Rate Limitation.

     Notwithstanding anything to the contrary contained in any Credit Document, the interest paid
or agreed to be paid under the Credit Documents shall not exceed the maximum rate of non-usurious
interest permitted by applicable Law (the “Maximum Rate”). If the Administrative Agent or
any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest
shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to
the applicable Borrower. In determining whether the interest contracted for, charged, or received
by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent
permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee,
or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c)
amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest
throughout the contemplated term of the Obligations hereunder.

     11.10 Counterparts; Integration; Effectiveness.

     This Credit Agreement may be executed in counterparts (and by different parties hereto in
different counterparts), each of which shall constitute an original, but all of which when taken
together shall constitute a single contract. This Credit Agreement and the other Credit Documents
constitute the entire contract among the parties relating to the subject matter hereof and
supersede any and all previous agreements and understandings, oral or written, relating to the
subject matter hereof. Except as provided in Section 5.01, this Credit Agreement shall
become effective when it shall have been executed by the Administrative Agent and when the
Administrative Agent shall have received counterparts hereof that, when taken together, bear the
signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature
page of this Credit Agreement by telecopy shall be effective as delivery of a manually executed
counterpart of this Credit Agreement.

     11.11 Survival of Representations and Warranties.

     All representations and warranties made hereunder and in any other Credit Document or other
document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive
the execution and delivery hereof and thereof. Such representations and warranties have been or
will be relied upon by the Administrative Agent and each Lender, regardless of any investigation
made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the
Administrative Agent or any Lender may have had notice or knowledge of any Default at the time of
any Credit Extension, and shall continue in full force and effect as long as any Loan or any other
Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain
outstanding.

     11.12 Severability.

     If any provision of this Credit Agreement or the other Credit Documents is held to be illegal,
invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions
of this Credit Agreement and the other Credit Documents shall not be affected or impaired thereby
and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or
unenforceable provisions with valid provisions the economic effect of which comes as close as
possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a
provision in a particular jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction.

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     11.13 Replacement of Lenders.

     If (a) any Lender requests compensation under Section 3.04, (b) any Borrower is
required to pay any additional amount to any Lender or any Governmental Authority for the account
of any Lender pursuant to Section 3.01, (c) a Lender (a “Non-Consenting Lender”)
does not consent to a proposed amendment, consent, change, waiver, discharge or termination with
respect to any Credit Document that has been approved by the Required Lenders (including, without
limitation, by a failure to respond in writing to a proposed amendment by the date and time
specified by the Administrative Agent) as provided in Section 11.01 but requires unanimous
consent of all Lenders or all Lenders of a particular class of loans, or (d) any Lender is a
Defaulting Lender, then such Borrower may, at its sole expense and effort, upon notice to such
Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse
(in accordance with and subject to the restrictions contained in, and consents required by,
Section 11.06), all of its interests, rights and obligations under this Credit Agreement
and the related Credit Documents to an assignee that shall assume such obligations (which assignee
may be another Lender, if a Lender accepts such assignment), provided that:

     (i) the respective Borrower shall have paid to the Administrative Agent the assignment fee
specified in Section 11.06(b)(iv);

     (ii) such Lender shall have received payment of an amount equal to the outstanding principal
of its Loans and, with respect to Revolving Lenders, L/C Advances, accrued interest thereon,
accrued fees and all other amounts payable to it hereunder and under the other Credit Documents
(including any amounts under Section 3.05) from the assignee (to the extent of such
outstanding principal and accrued interest and fees) or the applicable Borrower (in the case of all
other amounts);

     (iii) in the case of any such assignment resulting from a claim for compensation under
Section 3.04 or payments required to be made pursuant to Section 3.01, such
assignment will result in a reduction in such compensation or payments thereafter;

     (iv) such assignment does not conflict with applicable Laws; and

     (v) in the case of any such assignment resulting from a Non-Consenting Lender’s failure to
consent to a proposed amendment, consent change, waiver, discharge or termination with respect to
any Credit Document, the applicable replacement bank or financial institution consents to the
proposed change, waiver, discharge or termination;

     provided that the failure by such Non-Consenting Lender to execute and deliver an
Assignment and Assumption shall not impair the validity of the removal of such Non-Consenting
Lender and the mandatory assignment of such Non-Consenting Lender’s Commitments and outstanding
Loans and, with respect to the Revolving Lenders, participations in L/C Obligations pursuant to
this Section 11.13 shall nevertheless be effective without the execution by such
Non-Consenting Lender of an Assignment and Assumption.

     A Lender shall not be required to make any such assignment or delegation if, prior thereto, as
a result of a waiver by such Lender or otherwise, the circumstances entitling the respective
Borrower to require such assignment and delegation cease to apply.

     11.14 Governing Law; Jurisdiction; Etc.

     (a) GOVERNING LAW. THIS CREDIT AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK;

133

 

provided however, that notwithstanding anything to the contrary contained herein, the India
Obligations under this Credit Agreement shall be governed by, and construed in accordance with, the
Laws of India, without reference to its conflict of laws principles, and to the extent any
provisions of this Credit Agreement apply or relate to the India Obligations or any revolving
credit or term loan facilities for the India Borrower or its Subsidiaries, such provisions shall be
governed by, and construed in accordance with, the laws of India, without reference to its conflict
of laws principles.

     (b) SUBMISSION TO JURISDICTION. EACH OF THE BORROWERS AND OTHER CREDIT PARTIES
IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE
JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN AND OF THE
UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF SUCH STATE AND ANY APPELLATE COURT FROM
ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS CREDIT AGREEMENT OR ANY
OTHER CREDIT DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES
HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR
PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO 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
CREDIT AGREEMENT OR IN ANY OTHER CREDIT DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE
AGENT, ANY LENDER OR ANY L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING
TO THIS CREDIT AGREEMENT OR ANY OTHER CREDIT DOCUMENT AGAINST ANY BORROWER OR ANY OTHER CREDIT
PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

     (c) WAIVER OF VENUE. EACH OF THE BORROWERS AND OTHER CREDIT PARTIES IRREVOCABLY AND
UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT
MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS CREDIT AGREEMENT OR ANY OTHER CREDIT DOCUMENT IN ANY COURT REFERRED TO IN
PARAGRAPH (B) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE
OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.

     (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS
IN THE MANNER PROVIDED FOR NOTICES IN SECTION 11.02. NOTHING IN THIS CREDIT AGREEMENT WILL
AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE
LAW.

     11.15 Waiver of Jury Trial.

     EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY
ARISING OUT OF OR RELATING TO THIS CREDIT AGREEMENT OR ANY OTHER CREDIT DOCUMENT OR THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).
EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE,

134

 

AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER
PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B)
ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS CREDIT
AGREEMENT AND THE OTHER CREDIT DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION.

     11.16 No Advisory or Fiduciary Responsibility.

     In connection with all aspects of each transaction contemplated hereby (including in
connection with any amendment, waiver or other modification hereof or of any other Credit
Document), each Borrower and each other Credit Party acknowledges and agrees, and acknowledges its
Affiliates’ understanding, that: (i) (A) the arranging and other services regarding this Credit
Agreement provided by the Administrative Agent and the Arranger are arm’s-length commercial
transactions between such Borrower, each other Credit Party and their respective Affiliates, on the
one hand, and the Administrative Agent and the Arranger, on the other hand, (B) each of such
Borrower and the other Credit Parties has consulted its own legal, accounting, regulatory and tax
advisors to the extent it has deemed appropriate, and (C) such Borrower and each other Credit Party
is capable of evaluating, and understands and accepts, the terms, risks and conditions of the
transactions contemplated hereby and by the other Credit Documents; (ii) (A) the Administrative
Agent and the Arranger each is and has been acting solely as a principal and, except as expressly
agreed in writing by the relevant parties, has not been, is not, and will not be acting as an
advisor, agent or fiduciary for such Borrower, any other Credit Party or any of their respective
Affiliates, or any other Person and (B) neither the Administrative Agent nor the Arranger has any
obligation to such Borrower, any other Credit Party or any of their respective Affiliates with
respect to the transactions contemplated hereby except those obligations expressly set forth herein
and in the other Credit Documents; and (iii) the Administrative Agent and the Arranger and their
respective Affiliates may be engaged in a broad range of transactions that involve interests that
differ from those of such Borrower, the other Credit Parties and their respective Affiliates, and
neither the Administrative Agent nor the Arranger has any obligation to disclose any of such
interests to any Borrower, any other Credit Party or any of their respective Affiliates. To the
fullest extent permitted by law, each of the Borrowers and the other Credit Parties hereby waives
and releases any claims that it may have against the Administrative Agent and the Arranger with
respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect
of any transaction contemplated hereby.

     11.17 USA PATRIOT Act Notice.

     Each Lender that is subject to the Patriot Act (as hereinafter defined) and the Administrative
Agent (for itself and not on behalf of any Lender) hereby notifies each Borrower 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 such Borrower, which information includes the name and address of such Borrower and
other information that will allow such Lender or the Administrative Agent, as applicable, to
identify such Borrower in accordance with the Patriot Act.

     11.18 Judgment Currency.

     If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due
hereunder or any other Credit Document in one currency into another currency, the rate of exchange
used shall be that at which in accordance with normal banking procedures the Administrative Agent
could purchase the first currency with such other currency on the Business Day preceding that on
which final judgment is given. The obligation of each Borrower in respect of any such sum due from
it to the

135

 

Administrative Agent or any Lender hereunder or under the other Credit Documents shall,
notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in
which such sum is denominated in accordance with the applicable provisions of this Credit Agreement
(the “Agreement Currency”), be discharged only to the extent that on the Business Day
following receipt by the Administrative Agent or such Lender, as the case may be, of any sum
adjudged to be so due in the Judgment Currency, the Administrative Agent or such Lender, as the
case may be, may in accordance with normal banking procedures purchase the Agreement Currency with
the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum
originally due to the Administrative Agent or any Lender from any Borrower in the Agreement
Currency, such Borrower agrees, as a separate obligation and notwithstanding any such judgment, to
indemnify the Administrative Agent or such Lender, as the case may be, against such loss. If the
amount of the Agreement Currency so purchased is greater than the sum originally due to the
Administrative Agent or any Lender in such currency, the Administrative Agent or such Lender, as
the case may be, agrees to return the amount of any excess to such Borrower (or to any other Person
who may be entitled thereto under applicable law).

     11.19 Designation as Senior Debt.

     All Obligations shall be “Designated Senior Debt” for purposes of and as defined in (i) that
certain Indenture dated as of October 4, 2005, between EWI and U.S. Bank National Association, as
trustee, and all supplemental indentures thereto.

     11.20 Limitations of the German Obligors’ Liability.

     To the extent a German Obligor is jointly and severally liable under this Credit Agreement and
the Credit Documents for liabilities of other Borrowers which are direct or indirect shareholders
of the respective German Obligor (“German Obligor Shareholder”) or for liabilities of a
German Obligor Shareholder’s affiliate within the meaning of §§ 15 et seq. German Stock Corporation
Act (Aktiengesetz) (other than subsidiaries of the respective German Obligor) (such liability being
referred to as “Up-Stream Liabilities”) the respective German Credit Party’s liability
shall be subject to the following restrictions.

     (a) Limitation of Liability. The Administrative Agent and the Lenders agree not to
assert and enforce any Up-Stream Liabilities against the respective German Obligor to the extent
that the enforcement of such liabilities against the respective German Obligor would result in (i)
a reduction of the respective German Obligor’s Net Assets (Nettovermögen) (as defined in (b) below)
to an amount less than its registered share capital (Stammkapital), or (ii) if the Net Assets had
prior to such enforcement already fallen below the amount of the registered share capital, a
further reduction of the Net Assets, and thereby affect the assets required for the statutory
preservation of the German Borrower’s registered share capital according to §§ 30, 31 of the German
Act on Limited Liability Companies (GmbHG).

     (b) Determination of Net Asset’s Value. The value of the Net Assets (the “Net
Assets”) shall be calculated as the sum of the balance sheet items shown under § 266 subsection
2 lit. (A), (B) and (C) of the German Commercial Code (Handelsgesetzbuch), less the sum of the
balance sheet items shown under § 266 subsection 3 lit. (B), (C) (however not taking into account
shareholder loans to the extent they constitute equity replacing loans (eigenkapitalersetzende
Darlehen)) and (D) of the German Commercial Code, and determined in accordance with the principles
for ordinary bookkeeping and the preparation of balance sheets as they were consistently applied by
the German Borrower in preparing its unconsolidated balance sheets (Jahresabschluss according to §
42 German Act on Limited Liability Companies, §§ 242, 264 of the German Commercial Code in previous
years, save that for the determination of Net Assets the lower of the book value (Buchwert) and
realization value (Liquidationswert) shall be relevant.

136

 

     (c) Realization of Assets. If the respective German Obligor is of the opinion that an
enforcement of Up-Stream Liabilities against the respective German Obligor results in one of the
effects described in (a) above, the respective German Obligor shall notify promptly, however, no
later than one week after the Administrative Agent claims payment on any such liability against the
respective German Obligor, the amount of the Net Assets to the Administrative Agent. If the
Administrative Agent disagrees with the amount of the Net Assets notified by the respective German
Obligor, the Administrative Agent shall so notify the respective German Obligor within one week
after receipt of the respective German Obligor’s notification of the Net Assets pursuant to the
preceding sentence. In this case the Administrative Agent shall engage a firm of auditors of
international standard and repute which shall proceed to review the accounts of the respective
German Obligor in order to prepare an up to date balance sheet and to determine the Net Assets.
Such balance sheet and determination of Net Assets shall be prepared in accordance with the
principles set forth in (b) above. The Administrative Agent shall immediately notify the
respective German Obligor of the engagement of the auditor. The respective German Obligor shall
render the assistance required to facilitate the aforementioned review of accounts and shall allow
full access to its books, accounts and other necessary company records. The Administrative Agent
shall procure that the auditors forward the balance sheet and the determination of the Net Assets
to the respective German Obligor and the Administrative Agent with a copy to EWI, immediately after
their preparation. The Administrative Agent shall refrain from enforcing any Up-Stream Liabilities
until the respective German Obligor has received the auditor’s balance sheet and the determination
of the Net Assets, such determination being final and binding on the German Borrower, the
Administrative Agent and the Lenders.

     (d) Realization of Assets. If the respective German Obligor is of the opinion that an
enforcement of an Up-Stream Liability results in one of the effects described in (a) above, the
respective German Obligor shall, to the extent legally permitted and commercially justifiable,
first realize any and all of its assets that are shown in its balance sheet with a book value that
is significantly lower than its market value if such assets are not necessary for operating the
respective German Obligor’s business (nicht betriebsnotwendig).

     (e) No Prejudice for Future Enforcement. No restriction of the assertion and
enforcement of any Up-Stream Liability against the respective German Obligor will prejudice the
rights of the Administrative Agent to enforce any still outstanding Up-Stream Liability against the
respective German Obligor in accordance with the terms of this Credit Agreement and the Credit
Documents, to the extent a situation having the effects described in (a) above subsequently ceases
to exist.

     (f) No Limitation in Case of Passed on Loan Proceeds. The restrictions on the
assertion and enforcement of any Up-Stream Liability against the respective German Obligor set
forth in this Section 11.20 shall not apply as far as the assertion and enforcement of such
Up-Stream Liability pertains to proceeds of the Loans which were loaned or otherwise passed on to
the respective German Obligor to the extent that such proceeds are still outstanding at the time of
the enforcement of any Up-Stream Liability against the respective German Obligor.

     (g) Adjustment of Registered Share Capital. For the purposes of this Section
11.20 the registered share capital of the respective German Obligor shall be adjusted by
deducting the amount of any increase in the respective German Obligor’s registered share capital,
resolved after the date of this Credit Agreement that (i) is made out of retained earnings (nominal
capital increase — Kapitalerhöhung aus Gesellschaftmitteln) or (ii) is not fully paid up.

[SIGNATURES ON FOLLOWING PAGES]

137

 

     IN WITNESS WHEREOF, the parties hereto have caused this Credit Agreement to be duly executed
as of the date first above written.

	 	 	 	 	 	 	 
	DOMESTIC BORROWERS:	 	EURONET WORLDWIDE, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Jeffrey B. Newman 	 	 
	 
	 	Name:	 	
Jeffrey B. Newman	 	 
	 

	 	Title:	 	Executive Vice President 	 	 
	 
	 	 	 	 	 	 
	 	 	EURONET PAYMENTS & REMITTANCE, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Eric T. Mettemeyer 	 	 
	 

	 	Name:
	 	 
Eric T. Mettemeyer
	 	 
	 

	 	Title:	 	Treasurer	 	 
	 
	 	 	 	 	 	 
	DOMESTIC GUARANTORS:	 	EURONET WORLDWIDE, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Jeffrey B. Newman 	 	 
	 

	 	Name:
	 	 
Jeffrey B. Newman
	 	 
	 

	 	Title:	 	Executive Vice President 	 	 
	 
	 	 	 	 	 	 
	 	 	EURONET PAYMENTS & REMITTANCE, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Eric T. Mettemeyer 	 	 
	 

	 	Name:
	 	 
Eric T. Mettemeyer
	 	 
	 

	 	Title:	 	Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	EURONET USA, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Eric T. Mettemeyer 	 	 
	 

	 	Name:
	 	 
Eric T. Mettemeyer
	 	 
	 

	 	Title:	 	Treasurer 	 	 
	 
	 	 	 	 	 	 
	 	 	PAYSPOT, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Rick Weller 	 	 
	 

	 	Name:
	 	 
Rick Weller
	 	 
	 

	 	Title:	 	Executive Vice President	 	 

credit agreement

 

 

	 	 	 	 	 	 	 
	F/X BORROWERS:	 	EFT SERVICES HOLDINGS BV	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Jeffrey B. Newman 	 	 
	 

	 	Name:
	 	 
Jeffrey B. Newman
	 	 
	 

	 	Title:	 		 	 
	 
	 	 	 	 	 	 
	 	 	DELTA EURONET GmbH	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Rick Weller 	 	 
	 

	 	Name:
	 	 
Rick Weller
	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	E-PAY HOLDINGS LTD	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Rick Weller 	 	 
	 

	 	Name:
	 	 
Rick Weller
	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	INDIA BORROWER:	 	EURONET SERVICES INDIA PVT LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Shyam C. Sunder 	 	 
	 

	 	Name:
	 	 
Shyam C. Sunder
	 	 
	 

	 	Title:	 	Wholetime Director 	 	 

credit agreement

 

 

	 	 	 	 	 	 	 
	ADMINISTRATIVE AGENT
	 	 	 	 	 	 
	(FOR DOMESTIC LOAN 

OBLIGATIONS AND
	 	 	 	 	 	 
	F/X OBLIGATIONS) :	 	BANK OF AMERICA, N.A.,	 	 
	 	 	as Administrative Agent and Collateral Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Mike Brashler 	 	 
	 

	 	Name:
	 	 
Mike Brashler
	 	 
	 

	 	Title:	 	Vice President	 	 

credit agreement

 

 

	 	 	 	 	 	 	 
	ADMINISTRATIVE AGENT
	 	 	 	 	 	 
	(FOR INDIA OBLIGATIONS):	 	BANK OF AMERICA, N.A., acting through its Mumbai Branch, as Administrative Agent for all India related credit facilities
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Vineet Anurag 	 	 
	 

	 	Name:
	 	 
Vineet Anurag
	 	 
	 

	 	Title:	 	Senior Vice President	 	 

credit agreement

 

 

	 	 	 	 	 	 	 
	LENDERS:	 	BANK OF AMERICA, N.A., as Domestic L/C Issuer, F/X L/C Issuer, Domestic Swingline Lender and as a Lender
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ John P. Mills 	 	 
	 

	 	Name:
	 	 
John P. Mills
	 	 
	 

	 	Title:	 	Senior Vice President 	 	 

credit agreement

 

 

	 	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A., acting through its Mumbai Branch, as India Revolving Lender and India L/C Issuer
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Vineet Anurag 	 	 
	 

	 	Name:
	 	 
Vineet Anurag
	 	 
	 

	 	Title:	 	Senior Vice President 	 	 

credit agreement

 

 

	 	 	 	 	 	 	 
	 	 	BANK OF KANSAS CITY, N.A.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Matthew J. Mason 	 	 
	 

	 	Name:
	 	 
Matthew J. Mason
	 	 
	 

	 	Title:	 	Vice President 	 	 

credit agreement

 

 

	 	 	 	 	 	 	 
	 	 	CALIFORNIA BANK & TRUST, A CALIFORNIA BANKING CORPORATION
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Ursula St. Geme 	 	 
	 

	 	Name:
	 	 
Ursula St. Geme
	 	 
	 

	 	Title:	 	Vice President 	 	 

credit agreement

 

 

	 	 	 	 	 	 	 
	 	 	CITIBANK, N.A.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Scott A. Miller 	 	 
	 

	 	Name:
	 	 
Scott A. Miller
	 	 
	 

	 	Title:	 	Vice President 	 	 

credit agreement

 

 

	 	 	 	 	 	 	 
	 	 	HARRINGTON BANK, A DIVISION OF LOS PADRES BANK	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Gregory L. Sweeney 	 	 
	 

	 	Name:
	 	 
Gregory L. Sweeney
	 	 
	 

	 	Title:	 	Senior Vice President 	 	 

credit agreement

 

 

	 	 	 	 	 	 	 
	 	 	KEYBANK NATIONAL ASSOCIATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ David A. Wild 	 	 
	 

	 	Name:
	 	 
David A. Wild
	 	 
	 

	 	Title:	 	Vice President 	 	 

credit agreement

 

 

	 	 	 	 	 	 	 
	 	 	LLOYDS TSB BANK PLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Deborah Carlson 	 	 
	 

	 	Name:
	 	 
Deborah Carlson
	 	 
	 

	 	Title:	 	Director, Corporate Banking USA 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Carlos Lopez 	 	 
	 

	 	Name:
	 	 
Carlos Lopez
	 	 
	 

	 	Title:	 	Associate Director, Corporate
Banking USA 	 	 

credit agreement

 

 

	 	 	 	 	 	 	 
	 	 	NATIONAL CITY BANK	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Michael L. Monnniger 	 	 
	 

	 	Name:
	 	 
Michael L. Monnniger
	 	 
	 

	 	Title:	 	Senior Vice President 	 	 

credit agreement

 

 

	 	 	 	 	 	 	 
	 	 	U.S. BANK NATIONAL ASSOCIATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Jason C. Nadler 	 	 
	 

	 	Name:
	 	 
Jason C. Nadler
	 	 
	 

	 	Title:	 	Vice President 	 	 

credit agreement

 

 

Schedule 1.01

MANDATORY COST FORMULAE

	1.	 	The Mandatory Cost (to the extent applicable) is an addition to the interest rate to
compensate Lenders for the cost of compliance with:

	 	(a)	 	the requirements of the Bank of England and/or the Financial Services Authority
(or, in either case, any other authority which replaces all or any of its functions);
or
	 
	 	(b)	 	the requirements of the European Central Bank.

	2.	 	On the first day of each Interest Period (or as soon as practicable thereafter) the
Administrative Agent shall calculate, as a percentage rate, a rate (the “Additional Cost
Rate”) for each Lender, in accordance with the paragraphs set out below. The Mandatory
Cost will be calculated by the Administrative Agent as a weighted average of the Lenders’
Additional Cost Rates (weighted in proportion to the percentage participation of each Lender
in the relevant Loan) and will be expressed as a percentage rate per annum. The
Administrative Agent will, at the request of the Borrowers or any Lender, deliver to the
Borrowers or such Lender as the case may be, a statement setting forth in reasonable detail
the calculation of any Mandatory Cost.
	 
	3.	 	The Additional Cost Rate for any Lender lending from a Lending Office in a Participating
Member State will be the percentage notified by that Lender to the Administrative Agent. This
percentage will be certified by such Lender in its notice to the Administrative Agent as the
cost (expressed as a percentage of such Lender’s participation in all Loans made from such
Lending Office) of complying with the minimum reserve requirements of the European Central
Bank in respect of Loans made from that Lending Office.
	 
	4.	 	The Additional Cost Rate for any Lender lending from a Lending Office in the United Kingdom
will be calculated by the Administrative Agent as follows:

	 	(a)	 	in relation to any Loan in the lawful currency of the United Kingdom (“Sterling”
or “£”):

	 	 	 	 	 
	 

	 	AB+C(B-D)+E x 0.01
	 	per cent per annum
	 

	 	100 - (A+C)	 	 

	 	(b)	 	in relation to any Loan in any currency other than Sterling:

	 	 	 	 	 
	 	 	E x 0.01	 	per cent per annum
	 	 	300	 	 

Where:

	 	“A”	 	is the percentage of Eligible Liabilities (assuming these to be in excess of
any stated minimum) which that Lender is from time to time required to maintain as an
interest free cash ratio deposit with the Bank of England to comply with cash ratio
requirements.
	 
	 	“B”	 	 is the percentage rate of interest (excluding the Applicable Percentage, the
Mandatory Cost and any interest charged on overdue amounts pursuant to the first
sentence of Section 2.08(b) and, in the case of interest (other than on overdue
amounts) charged at the Default Rate, without counting any increase in interest rate
effected by the charging of the Default Rate) payable for the relevant Interest Period
of such Loan.

 

 

	 	“C”	 	is the percentage (if any) of Eligible Liabilities which that Lender is
required from time to time to maintain as interest bearing Special Deposits with the
Bank of England.
	 
	 	“D”	 	is the percentage rate per annum payable by the Bank of England to the
Administrative Agent on interest bearing Special Deposits.
	 
	 	“E”	 	is designed to compensate Lenders for amounts payable under the Fees
Regulations and is calculated by the Administrative Agent as being the average of the
most recent rates of charge supplied by the Lenders to the Administrative Agent
pursuant to paragraph 7 below and expressed in pounds per £1,000,000.

	5.	 	For the purposes of this Schedule:

	 	(a)	 	“Eligible Liabilities” and “Special Deposits” have the meanings
given to them from time to time under or pursuant to the Bank of England Act 1998 or
(as may be appropriate) by the Bank of England;
	 
	 	(b)	 	“Fees Regulations” means the FSA Supervision Manual or such other law
or regulation as may be in force from time to time in respect of the payment of fees
for the acceptance of deposits;
	 
	 	(c)	 	“Fee Tariffs” means the fee tariffs specified in the Fees Regulations
under the activity group A.1 Deposit acceptors (ignoring any minimum fee or zero rated
fee required pursuant to the Fees Regulations but taking into account any applicable
discount rate); and
	 
	 	(d)	 	“Tariff Base” has the meaning given to it in, and will be calculated in
accordance with, the Fees Regulations.

	6.	 	In application of the above formulae, A, B, C and D will be included in the formulae as
percentages (i.e. 5% will be included in the formula as 5 and not as 0.05). A negative
result obtained by subtracting D from B shall be taken as zero. The resulting figures shall
be rounded to four decimal places.
	 
	7.	 	If requested by the Administrative Agent or the Company, each Lender with a Lending Office in
the United Kingdom or a Participating Member State shall, as soon as practicable after
publication by the Financial Services Authority, supply to the Administrative Agent and the
Borowers, the rate of charge payable by such Lender to the Financial Services Authority
pursuant to the Fees Regulations in respect of the relevant financial year of the Financial
Services Authority (calculated for this purpose by such Lender as being the average of the Fee
Tariffs applicable to such Lender for that financial year) and expressed in pounds per
£1,000,000 of the Tariff Base of such Lender.
	 
	8.	 	Each Lender shall supply any information required by the Administrative Agent for the purpose
of calculating its Additional Cost Rate. In particular, but without limitation, each Lender
shall supply the following information in writing on or prior to the date on which it becomes
a Lender:

	 	(a)	 	its jurisdiction of incorporation and the jurisdiction of the Lending Office
out of which it is making available its participation in the relevant Loan; and

 

 

	 	(b)	 	any other information that the Administrative Agent may reasonably require for
such purpose.

Each Lender shall promptly notify the Administrative Agent in writing of any change to the
information provided by it pursuant to this paragraph.

	9.	 	The percentages or rates of charge of each Lender for the purpose of A, C and
E above shall be determined by the Administrative Agent based upon the information
supplied to it pursuant to paragraphs 7 and 8 above and on the assumption
that, unless a Lender notifies the Administrative Agent to the contrary, each Lender’s
obligations in relation to cash ratio deposits, Special Deposits and the Fees Regulations are
the same as those of a typical bank from its jurisdiction of incorporation with a Lending
Office in the same jurisdiction as such Lender’s Lending Office.
	 
	10.	 	The Administrative Agent shall have no liability to any Person if such determination results
in an Additional Cost Rate which over- or under-compensates any Lender and shall be entitled
to assume that the information provided by any Lender pursuant to paragraphs 3,
7 and 8 above is true and correct in all respects.
	 
	11.	 	The Administrative Agent shall distribute the additional amounts received as a result of the
Mandatory Cost to the Lenders on the basis of the Additional Cost Rate for each Lender based
on the information provided by each Lender pursuant to paragraphs 3, 7 and
8 above.
	 
	12.	 	Any determination by the Administrative Agent pursuant to this Schedule in relation to a
formula, the Mandatory Cost, an Additional Cost Rate or any amount payable to a Lender shall,
in the absence of manifest error, be conclusive and binding on all parties hereto.
	 
	13.	 	The Administrative Agent may from time to time, after consultation with the Company and the
Lenders, determine and notify to all parties any amendments which are required to be made to
this Schedule in order to comply with any change in law, regulation or any requirements from
time to time imposed by the Bank of England, the Financial Services Authority or the European
Central Bank (or, in any case, any other authority which replaces all or any of its functions)
and any such determination shall, in the absence of manifest error, be conclusive and binding
on all parties hereto.

 

 

     

Schedule 2.01

LENDERS AND COMMITMENTS

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Domestic	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Tranche B Term
	 	 	 	 	 	 	Revolving	 	 	 	 	 	F/X Revolving	 	India	 	India Revolving	 	Tranche B	 	Loan
	 	 	Domestic Revolving	 	Commitment	 	F/X Revolving	 	Commitment	 	Revolving	 	Commitment	 	Term Loan	 	Commitment
	Lender	 	Commitment	 	Percentage	 	Commitment	 	Percentage	 	Commitment	 	Percentage	 	Commitment	 	Percentage
	Bank of America, N.A.
	 	$	8,000,000.00	 	 	 	8.888888889	%	 	$	8,000,000.00	 	 	 	8.888888889	%	 	$	0.00	 	 	 	0.000000000	%	 	$	182,500,000.00	 	 	 	96.052631578	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	California Bank & Trust
	 	$	16,500,000.00	 	 	 	18.333333334	%	 	$	16,500,000.00	 	 	 	18.333333334	%	 	$	0.00	 	 	 	0.000000000	%	 	$	0.00	 	 	 	0.000000000	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Citibank, N.A.
	 	$	13,500,000.00	 	 	 	15.000000000	%	 	$	13,500,000.00	 	 	 	15.000000000	%	 	$	0.00	 	 	 	0.000000000	%	 	$	2,500,000.00	 	 	 	1.315789474	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Bank of Kansas City, N.A.
	 	$	12,000,000.00	 	 	 	13.333333333	%	 	$	12,000,000.00	 	 	 	13.333333333	%	 	$	0.00	 	 	 	0.000000000	%	 	$	0.00	 	 	 	0.000000000	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Lloyds TSB Bank plc
	 	$	12,000,000.00	 	 	 	13.333333333	%	 	$	12,000,000.00	 	 	 	13.333333333	%	 	$	0.00	 	 	 	0.000000000	%	 	$	0.00	 	 	 	0.000000000	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	U.S. Bank National Association
	 	$	12,000,000.00	 	 	 	13.333333333	%	 	$	12,000,000.00	 	 	 	13.333333333	%	 	$	0.00	 	 	 	0.000000000	%	 	$	2,500,000.00	 	 	 	1.315789474	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	KeyBank National Association
	 	$	9,000,000.00	 	 	 	10.000000000	%	 	$	9,000,000.00	 	 	 	10.000000000	%	 	$	0.00	 	 	 	0.000000000	%	 	$	2,500,000.00	 	 	 	1.315789474	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	National City Bank
	 	$	7,000,000.00	 	 	 	7.777777778	%	 	$	7,000,000.00	 	 	 	7.777777778	%	 	$	0.00	 	 	 	0.000000000	%	 	$	0.00	 	 	 	0.000000000	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Bank of America, N.A., acting
through its Mumbai Branch
	 	$	0.00	 	 	 	0.000000000	%	 	$	0.00	 	 	 	0.000000000	%	 	$	10,000,000.00	 	 	 	100.000000000	%	 	$	0.00	 	 	 	0.000000000	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTAL
	 	$	90,000,000.00	 	 	 	100.000000000	%	 	$	90,000,000.00	 	 	 	100.000000000	%	 	$	10,000,000.00	 	 	 	100.000000000	%	 	$	190,000,000.00	 	 	 	100.000000000	%

 

 

Schedule 2.03

EXISTING LETTERS OF CREDIT

Schedule 2.03 — Existing Stand-by Letters of Credit

Euronet Worldwide Inc.

As of March 31, 2007

Letters of Credit

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Bank	 	LC #	 	Exp. Date	 	Purpose	 	Amount in original currency	 	Beneficiary	 	3/31/2007
	 
	Bank of America
	 	3057489	 	 	8/31/2009	 	 	Poland	 	$	53,505	 	 	 	 	 	53,505	 
	Bank of America
	 	3062412	 	 	4/15/2007	 	 	Romania Lease	 	€	89,000	 	 	CitiBank  Romania	 	 	118,370	 
	Bank of America
	 	3083093	 	 	6/9/2007	 	 	Spain guaranty for Vodafone	 	€	2,000,000	 	 	Vodafone	 	 	2,660,000	 
	Bank of America
	 	3084255	 	 	9/11/2007	 	 	Bosnia - auction	 	€	100,000	 	 	BoA London	 	 	133,000	 
	 
	Total amount in USD:
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	2,964,875	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	EUR/USD rate
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1.33	 

 

 

Schedule 2.03 — Existing Stand-by Letters of Credit

RIA Envia

As of March 31, 2007

Letters of Credit

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Bank	 	LC #	 	Exp. Date	 	Amount in original currency	 	Beneficiary	 	3/31/2007
	 
	CALIFORNIA BANK & TRUST
	 	SB99-9942	 	5/31/2007	 	$	300,000	 	 	Cardservice Int'l., CA	 	 	300,000	 
	CALIFORNIA BANK & TRUST
	 	SB99-9984	 	5/31/2007	 	$	100,000	 	 	Banco Bolivariano, EC	 	 	100,000	 
	UNION BANK OF CALIFORNIA
	 	*	 	7/31/2007	 	$	1,000,000	 	 	Bancomer	 	 	1,000,000	 
	 
	Total amount in USD:
	 	 	 	 	 	 	 	 	 	 	 	 	1,400,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

			
	*	 	NOTE: issued by Barr/Kunik on behalf of RIA

 

 

Schedule 2.14

DESIGNATED BORROWERS

	 	 	 	 	 	 	 
	Borrower	 	Domestic Revolving Commitments	 	F/X Revolving Commitments	 	India Revolving Commitments
	EWI

	 	Aggregate Domestic Revolving

Committed Amount
	 	N/A
	 	N/A
	 
	 	 	 	 	 	 
	EPR

	 	Aggregate Domestic Revolving

Committed Amount
	 	N/A
	 	N/A
	 
	 	 	 	 	 	 
	EFT Services Holding BV

	 	N/A
	 	Aggregate F/X Revolving

Committed Amount
	 	N/A
	 
	 	 	 	 	 	 
	e-pay Holdings LTD

	 	N/A
	 	Aggregate F/X Revolving

Committed Amount
	 	N/A
	 
	 	 	 	 	 	 
	Delta Euronet GmbH

	 	N/A
	 	Aggregate F/X Revolving

Committed Amount
	 	N/A
	 
	 	 	 	 	 	 
	Euronet Services India Pvt. Ltd

	 	N/A
	 	N/A
	 	Aggregate India Revolving

Committed Amount
	 
	 	 	 	 	 	 
	RIA Envia Inc.

	 	Aggregate Domestic Revolving

Committed Amount
	 	N/A
	 	N/A
	 
	 	 	 	 	 	 
	Continental Exchange Solutions Inc.

	 	Aggregate Domestic Revolving

Committed Amount
	 	N/A
	 	N/A

 

 

     

SCHEDULE 5.01

SCHEDULE OF CLOSING

Schedule 5.01 — Schedule of Closing

Deliveries

Euronet Worldwide, Inc.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Ö — Delver on Closing Date	 	 	 	 	 	 	 	 	 	 	 	 	 	Officer’s	 	 	 	 	 	Stock Pledged	 	Stock Pledged	 	 
	SFC — Deliver Shortly Following Closing Date	 	 	 	 	 	 	 	 	 	Domestic	 	Domestic	 	Cert with	 	US Legal	 	Foreign	 	under Domestic	 	under Foreign	 	Personal
	90 Days — Deliver 90 days following Closing	 	 	 	Credit	 	 	 	Joinder	 	Security	 	Pledge	 	Corporate	 	Opinions	 	Local Legal	 	Pledge	 	Pledge	 	Property Pledge
	TBD — To Be Determined	 	Organized	 	Agreement	 	Guaranty	 	Agreement	 	Agreement	 	Agreement	 	Deliveries	 	(incldg NY)	 	Opinions	 	Agreement	 	Agreement	 	under local law
	DOMESTIC BORROWERS:
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Euronet Worldwide, Inc.
	 	DE	 	Ö	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	Ö	 	N/A	 	N/A	 	N/A	 	N/A
	Euronet Payments & Remittance, Inc.
	 	NC	 	Ö	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	Ö	 	N/A	 	Ö (100%)	 	N/A	 	N/A
	RIA Envia Inc.
	 	NY	 	N/A	 	N/A	 	Ö	 	Ö (Joinder)	 	Ö (Joinder)	 	Ö	 	Ö	 	N/A	 	Ö (100%)	 	N/A	 	N/A
	Continental Exchange Solutions
	 	DE	 	N/A	 	N/A	 	Ö	 	Ö (Joinder)	 	Ö (Joinder)	 	Ö	 	Ö	 	N/A	 	Ö (100%)	 	N/A	 	N/A
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	F/X BORROWERS:
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	EFT Services Holdings BV
	 	Netherlands	 	Ö	 	Ö	 	N/A	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	Ö (65%)	 	Ö (35%)	 	Not Required
	Delta Euronet GmbH
	 	Germany	 	Ö	 	Ö	 	N/A	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	N/A	 	SFC (100%)	 	Not Required
	e-pay Holdings Ltd.
	 	Eng & Wales	 	Ö	 	Ö	 	N/A	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	N/A	 	SFC (100%)	 	90 Days
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	INDIA BORROWER:
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Euronet Services India Pvt Ltd
	 	India	 	Ö	 	N/A	 	N/A	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	N/A	 	N/A	 	Not Required
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	DOMESTIC GUARANTORS:
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Euronet Worldwide, Inc.
	 	DE	 	Ö	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	Ö	 	N/A	 	N/A	 	N/A	 	N/A
	Euronet Payments & Remittance, Inc.
	 	NC	 	Ö	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	Ö	 	N/A	 	Ö (100%)	 	N/A	 	N/A
	Euronet USA, Inc.
	 	AR	 	Ö	 	N/A	 	N/A	 	Ö	 	SFC	 	Ö	 	Ö	 	N/A	 	Ö (100%)	 	N/A	 	N/A
	PaySpot, Inc.
	 	DE	 	Ö	 	N/A	 	N/A	 	Ö	 	SFC	 	Ö	 	Ö	 	N/A	 	Ö (100%)	 	N/A	 	N/A
	RIA Envia Inc.
	 	NY	 	N/A	 	N/A	 	Ö	 	Ö (Joinder)	 	Ö (Joinder)	 	Ö	 	Ö	 	N/A	 	Ö (100%)	 	N/A	 	N/A
	RIA Telecommunications of New York
	 	NY	 	N/A	 	N/A	 	Ö	 	Ö (Joinder)	 	Ö (Joinder)	 	Ö	 	Ö	 	N/A	 	Ö (100%)	 	N/A	 	N/A
	Continental Exchange Solutions
	 	DE	 	N/A	 	N/A	 	Ö	 	 Ö (Joinder)	 	 Ö (Joinder)	 	Ö	 	Ö	 	N/A	 	Ö (100%)	 	N/A	 	N/A
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	F/X GUARANTORS:
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Euronet Worldwide, Inc.
	 	DE	 	Ö	 	N/A	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	N/A	 	N/A	 	N/A	 	N/A
	Euronet Payments & Remittance, Inc.
	 	NC	 	Ö	 	N/A	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	N/A	 	Ö (100%)	 	N/A	 	N/A
	Euronet USA, Inc.
	 	AR	 	Ö	 	N/A	 	N/A	 	N/A	 	SFC	 	Ö	 	Ö	 	N/A	 	Ö (100%)	 	N/A	 	N/A
	PaySpot, Inc.
	 	DE	 	Ö	 	N/A	 	N/A	 	Ö	 	SFC	 	Ö	 	Ö	 	N/A	 	Ö (100%)	 	N/A	 	N/A
	EFT Services Holdings BV
	 	Netherlands	 	Ö	 	Ö	 	N/A	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	Ö(65%)	 	Ö (35%)	 	Not Required
	Delta Euronet GmbH
	 	Germany	 	Ö	 	Ö	 	N/A	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	N/A	 	SFC (100%)	 	Not Required
	e-pay Holdings Ltd.
	 	Eng & Wales	 	Ö	 	Ö	 	N/A	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	N/A	 	SFC (100%)	 	90 Days
	Bankomat 24/Eruonet Sp.z.o.o.
	 	Poland	 	N/A	 	Ö	 	N/A	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	N/A	 	SFC (100%)	 	Not Required
	Euronet Services GmbH
	 	Germany	 	N/A	 	Ö	 	N/A	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	N/A	 	SFC (100%)	 	Not Required
	e-pay Limited
	 	Eng & Wales	 	N/A	 	Ö	 	N/A	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	N/A	 	SFC (100%)	 	90 Days
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	e-pay Australia Holdings Pty Ltd
	 	NSW, AUS	 	N/A	 	Ö	 	N/A	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	Ö (65%)	 	Ö (35%)	 	90 Days
	e-pay Australia Pty Ltd
	 	NSW, AUS	 	N/A	 	Ö	 	N/A	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	N/A	 	SFC (100%)	 	90 Days
	Euronet Adminisztracios Szolgaltato Kft.
	 	Hungary	 	N/A	 	Ö	 	N/A	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	N/A	 	N/A	 	Not Required
	Euronet Banktechnikai Szolgaltato Kft.
	 	Hungary	 	N/A	 	Ö	 	N/A	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	N/A	 	N/A	 	Not Required
	Euronet Pay and Transactions Services SRL
	 	Italy	 	N/A	 	Ö	 	N/A	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	N/A	 	N/A	 	Not Required
	Euronet Telecarga S.L.
	 	Spain	 	N/A	 	Ö	 	N/A	 	N/A	 	N/A	 	Ö	 	Ö	 	Ö	 	N/A	 	N/A	 	90 Days

 

 

Schedule 6.14

SUBSIDIARIES

Euronet Worldwide, Inc. Subsidiaries (all with one class of Capital Stock)

Euronet’s wholly owned subsidiaries are:

	 	•	 	EFT Services Holding B.V., incorporated in the Netherlands
	 
	 	•	 	Euronet Banktechnikai Szolgaltato Kft., incorporated in Hungary
	 
	 	•	 	Euronet Adminisztracios Szolgaltato Kft., incorporated in Hungary
	 
	 	•	 	Bankomat 24/Euronet Sp. z.o.o., incorporated in Poland
	 
	 	•	 	EFT-Usluge d o.o., incorporated in Croatia
	 
	 	•	 	Euronet Services GmbH, incorporated in Germany
	 
	 	•	 	Euronet Services spol. s.r.o., incorporated in the Czech Republic
	 
	 	•	 	Euronet Services SRL, incorporated in Romania
	 
	 	•	 	Euronet USA Inc. incorporated in Arkansas, U.S.A.
	 
	 	•	 	EFT Services Hellas EPE, incorporated in Greece
	 
	 	•	 	Euronet Services Slovakia, spol. s r.o., incorporated in Slovakia
	 
	 	•	 	e-pay Limited, incorporated in England and Wales
	 
	 	•	 	e-pay Holdings Limited, incorporated in England and Wales
	 
	 	•	 	e-pay Australia Pty Ltd, incorporated in New South Wales, Australia
	 
	 	•	 	e-pay Australia Holdings Pty Ltd, incorporated in Victoria, Australia
	 
	 	•	 	e-pay New Zealand Pty Ltd, incorporated in New Zealand
	 
	 	•	 	c-pay Money Transfer Ltd, incorporated in England and Wales
	 
	 	•	 	Transact Elektronische Zahlungssysteme GmbH, incorporated in Germany
	 
	 	•	 	Delta Euronet GmbH, incorporated in Germany
	 
	 	•	 	Cashnet Holding B.V., incorporated in the Netherlands (in liquidation)
	 
	 	•	 	PaySpot, Inc., incorporated in Delaware, U.S.A.
	 
	 	•	 	Euronet Telerecarga. S.L., incorporated in Spain
	 
	 	•	 	Euronet e-pay Spain S.L., incorporated in Spain
	 
	 	•	 	Euronet Payments and Remittance, Inc., incorporated in North Carolina, U.S.A.
	 
	 	•	 	Europlanet d.o.o., incorporated in Serbia
	 
	 	•	 	Euronet Card Services, S.A. (formerly Instreamline S.A.), incorporated in Greece
	 
	 	•	 	EWI Foreign Holdings Limited, incorporated in Cyprus

 

 

	 	•	 	Euronet Asia Holdings Limited, incorporated in Hong Kong
	 
	 	•	 	Euronet Services India Private Limited, incorporated in India
	 
	 	•	 	Euronet Essentis Limited, incorporated in England and Wales
	 
	 	•	 	Euronet Ukraine LLC, incorporated in Ukraine
	 
	 	•	 	Euronet Bulgaria EOOD, incorporated in Bulgaria
	 
	 	•	 	Euronet Pay and Transaction Services SRL, incorporated in Italy
	 
	 	•	 	Commercial Warfield S.L.

Euronet also had shareholdings in the following companies that are not wholly owned. There are
pre-emptive rights, or other buy/sell arrangements with respect to the shareholdings marked with an
asterisk:

	 	•	 	PT G4S Euronet Indonesia, incorporated in Indonesia, of which 47.02% of the shares
are owned by EFT Services Holdings B.V.*
	 
	 	•	 	e-pay Malaysia Sdn Bhd, incorporated in Malaysia, of which e-pay Limited owns 40% of
the share capital.*
	 
	 	•	 	ATX, Ltd., incorporated in England and Wales, of which 51% is owned by Euronet
Worldwide, Inc.
	 
	 	•	 	Euronet Services LLC incorporated in Russia, of which 95% is owned by EFT Services
Holdings B.V.
	 
	 	•	 	Euronet Meflur Movilcarga S.L., incorporated in Spain, of which 80% is owned by
Euronet Telerecarga S.L.*
	 
	 	•	 	Euronet Middle East W.L.L., incorporated in Babrain of which 49% is owned by EFT
Services Holdings B.V.*
	 
	 	•	 	Jiayintong (Beijing) Technology Development Co. Ltd., incorporated in the Peoples
Republic of China, of which 75% is owned by Euronet Asia Holdings Limited*

 

 

Schedule 6.18

TAXPAYER IDENTIFICATION NUMBERS

Euronet Worldwide, Inc.

4601 College Blvd., Suite 300

Leawood, KS 66211

FEIN:  74-2806888

Euronet Payments & Remittance, Inc.

4424 Taggart Creek Road, Suite 101

Charlotte, NC 28208

FEFN:  56-1241779

EFT Services Holding BV

Strawinskylaan 3105 Atrium,

1077 ZX Amsterdam,

The Netherlands

FEIN:  NONE

Delta Euronet GmbH

Friedrichstrasse 200

Berlin 10117

Germany

FEIN:  98-0466455

e-pay Holdings Ltd.

2nd Floor, Kelting House

Southemhay, Basildon, Essex SS14 1NU

United Kingdom

FEIN:  NONE

Euronet Services India Pvt. Ltd.

West Quadrant, II Floor, IL&FS Financial Center

Bandra Kula Complex, Bandra East

400 051 Mumbai

India

FEIN:  NONE

 

 

Schedule 8.01

EXISTING LIENS

Schedule 8.01 — Existing Liens

Euronet Worldwide, Inc. and

	 	 	 	 	 	 	 
	 	 	Country	 	Item Amount
	BORROWERS
	 	 	 	 	 	 
	Euronet Worldwide, Inc.
	 	USA	 	 	 	 
	Capital Leases
	 	 	 	$	—	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Delta Holdings
	 	Germany	 	 	 	 
	Capital Leases
	 	 	 	$	—	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	e-pay Holdings
	 	UK	 	 	 	 
	Capital Leases
	 	 	 	$	—	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	EFT Services B.V.
	 	The Netherlands	 	 	 	 
	Capital Leases
	 	 	 	$	—	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	SUBSIDIARIES
	 	 	 	 	 	 
	e-pay Ltd.
	 	UK	 	 	 	 
	Capital Leases
	 	 	 	$	—	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	ATX Ltd.
	 	UK	 	 	 	 
	Capital Leases
	 	 	 	$	—	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet Essentis Ltd.
	 	UK	 	 	 	 
	Capital Leases
	 	 	 	$	252,624	 
	Other
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Omega Logic Ltd.
	 	UK	 	 	 	 
	Capital Leases
	 	 	 	$	—	 
	Other
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	e-pay Money Transfer Ltd.
	 	UK	 	 	 	 
	Capital Leases
	 	 	 	$	—	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Transact
	 	Germany	 	 	 	 
	Capital Leases
	 	 	 	$	—	 
	Other
	 	 	 	$	31,802	 

 

 

	 	 	 	 	 	 	 
	 	 	Country	 	Item Amount
	Euronet Services GmbH
	 	Germany	 	 	 	 
	Capital Leases
	 	 	 	$	3,357,055	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	e-pay Australia Holdings Pty.
Ltd.
	 	Australia	 	 	 	 
	Capital Leases
	 	 	 	$	—	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	e-pay Australia Pty Ltd.
	 	Australia	 	 	 	 
	Capital Leases
	 	 	 	$	—	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	e-pay New Zealand Pty Ltd.
	 	New Zealand	 	 	 	 
	Capital Leases
	 	 	 	$	—	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	EFT Usluge d.o.o.
	 	Croatia	 	 	 	 
	Capital Leases
	 	 	 	$	—	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	e-pay Spain SL
	 	Spain	 	 	 	 
	Capital Leases
	 	 	 	$	—	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet Telerecarga SL
	 	Spain	 	 	 	 
	Capital Leases
	 	 	 	$	46,000	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet Movilcarga SL
	 	Spain	 	 	 	 
	Capital Leases
	 	 	 	$	260,635	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euro Services spol s.r.o
	 	Czech Republic	 	 	 	 
	Capital Leases
	 	 	 	 	 	 
	Other
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Euronet Services Slovakia spol
	 	Slovakia	 	 	 	 
	Capital Leases
	 	 	 	 	 	 
	Other
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	EWI Foreign Holdings Ltd
	 	Cyprus	 	 	 	 
	Capital Leases
	 	 	 	$	—	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet Asia Holdings Ltd
	 	Hong Kong	 	 	 	 
	Capital Leases
	 	 	 	$	—	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Jia Yin (Beijing) Technology
	 	China	 	 	 	 
	Development Co.
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	—	 
	Other
	 	 	 	$	—	 

 

 

	 	 	 	 	 	 	 
	 	 	Country	 	Item Amount
	Bankomat 24 / Euronet Sp. z.o.o
	 	Poland	 	 	 	 
	Capital Leases
	 	 	 	$	13,099,483	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet Banktechnikai
Szolgaltato
	 	Hungary	 	 	 	 
	Capital Leases
	 	 	 	$	810,112	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet Adminisztracios
	 	Hungary	 	 	 	 
	Capital Leases
	 	 	 	 	 	 
	Other
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Euronet Services SRL
	 	Romania	 	 	 	 
	Capital Leases
	 	 	 	$	88,830	 
	Other
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Brodos SRL
	 	Romania	 	 	 	 
	Capital Leases
	 	 	 	$	178,200	 
	Other
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Euronet Services India Pvt Ltd.
	 	India	 	 	 	 
	Capital Leases
	 	 	 	$	1,971,870	 
	Other
	 	 	 	 	—	 
	 
	 	 	 	 	 	 
	Euronet Card Services SA
	 	Greece	 	 	 	 
	Capital Leases
	 	 	 	$	1,266,000	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet EFT Services Greece EPE
	 	Greece	 	 	 	 
	Capital Leases
	 	 	 	$	—	 
	Other (purchase obligations)
	 	 	 	$	440,000	 
	 
	 	 	 	 	 	 
	Euronet Services LLC
	 	Russia	 	 	 	 
	Capital Leases
	 	 	 	$	—	 
	Other
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Europlanet d.o.o. Beograd
	 	Serbia	 	 	 	 
	Capital Leases
	 	 	 	$	9,500	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet Ukraine LLC
	 	Ukraine	 	 	 	 
	Capital Leases
	 	 	 	$	—	 
	Other
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Euronet Bulgaria EOOD
	 	Bulgaria	 	 	 	 
	Capital Leases
	 	 	 	$	174,089	 
	Other
	 	 	 	 	 	 

 

 

	 	 	 	 	 	 	 
	 	 	Country	 	Item Amount
	Euronet Pay and Transaction
	 	Italy	 	 	 	 
	Capital Leases
	 	 	 	$	—	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	PaySpot, Inc.
	 	USA	 	 	 	 
	Capital Leases
	 	 	 	$	717,360	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet USA, Inc.
	 	USA	 	 	 	 
	Capital Leases
	 	 	 	$	—	 
	Other
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet Payments and Remittance
	 	USA	 	 	 	 
	Capital
Leases
Other	 	 	 	$74,602 Springs + Wachovia
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	RIA
	 	USA	 	 	 	 
	Capital Leases
	 	 	 	$	532,000	 
	Other
	 	 	 	$400,000 Cash
	 
	 	 	 	collateral for CBT SBLC

 

 

Schedule 8.02

EXISTING INVESTMENTS

	 	 	 	 	 	 	 
	 	 	Country	 	Item Amount
	BORROWERS
	 	 	 	 	 	 
	Euronet Worldwide, Inc.
	 	USA	 	 	 	 
	Intercompany Investments
	 	 	 	$	143,395,770	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Delta Holdings
	 	Germany	 	 	 	 
	Intercompany Investments
	 	 	 	$	1,501,652	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	53,960,000	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	e-pay Holdings
	 	UK	 	 	 	 
	Intercompany Investments
	 	 	 	$	3,767,000	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	68,453,743	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	EFT Services B.V.
	 	The Netherlands	 	 	 	 
	Intercompany Investments
	 	 	 	$	97,517,622	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	334,063,877	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	SUBSIDIARIES 
	 	 	 	 	 	 
	e-pay Ltd.
	 	UK	 	 	 	 
	Intercompany Investments
	 	 	 	$	4,087	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	218,566	 
	Other Investments
	 	 	 	$	26,359	 
	 
	 	 	 	 	 	 
	ATX Ltd
	 	UK	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet Essentis Ltd
	 	UK	 	 	 	 
	Intercompany Investments
	 	 	 	$	 	 

 

 

	 	 	 	 	 	 	 
	 	 	Country	 	Item Amount
	Intercompany Indebtedness
	 	 	 	$	639,075	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Omega Logic Ltd
	 	UK	 	 	 	 
	Intercompany Investments
	 	 	 	$	17,078	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	e-pay Money Transfer Ltd
	 	UK	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Transact
	 	Germany	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet Services GmbH
	 	Germany	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	e-pay Australia Holdings
Pty Ltd.
	 	Australia	 	 	 	 
	Intercompany Investments
	 	 	 	$	3,720,000	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	16,285,654	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	e-pay Australia Pty Ltd.
	 	Australia	 	 	 	 
	Intercompany Investments
	 	 	 	$	124,978	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	904,921	 
	Other Investments
	 	 	 	$	—	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	Country	 	Item Amount	 	 
	e-pay New Zealand Pty Ltd.
	 	New Zealand	 	 	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 	 	 
	 
	 	 	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	193,293	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	Funds set aside for
	 
	 	 	 	 	 	 	 	Telecom New Zealand
	Other Investments
	 	 	 	$	1,500,000	 	 	 
	 
	 	 	 	 	 	 	 	 
	EFT Usluge d.o.o.
	 	Croatia	 	 	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 	 	 
	 
	 	 	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 	 	 
	Other Investments
	 	 	 	$	—	 	 	 
	 
	 	 	 	 	 	 	 	 
	e-pay Spain SL
	 	Spain	 	 	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 	 	 
	 
	 	 	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 	 	 
	Other Investments
	 	 	 	$	—	 	 	 
	 
	 	 	 	 	 	 	 	 
	Euronet Telerecarga SL
	 	Spain	 	 	 	 	 	 
	Intercompany Investments
	 	 	 	$	10,563,968	 	 	 
	 
	 	 	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	48,458,959	 	 	 
	Other Investments
	 	 	 	$	—	 	 	 
	 
	 	 	 	 	 	 	 	 
	Euronet Movilcarga SL
	 	Spain	 	 	 	 	 	 
	Intercompany Investments
	 	 	 	$	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	15,817,850	 	 	 
	Other Investments
	 	 	 	$	—	 	 	 
	 
	 	 	 	 	 	 	 	 
	Euronet Services spol s.r.o.
	 	Czech Republic	 	 	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 	 	 
	 
	 	 	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	2,999,000	 	 	 
	Other Investments
	 	 	 	$	—	 	 	 
	 
	 	 	 	 	 	 	 	 
	Euronet Services Slovakia
spol s.r.o.
	 	Slovakia	 	 	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 	 	 
	 
	 	 	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 	 	 
	Other Investments
	 	 	 	$	—	 	 	 
	 
	 	 	 	 	 	 	 	 
	EWI Foreign Holdings Ltd
	 	Cyprus	 	 	 	 	 	 
	Intercompany Investments
	 	 	 	$	316,400	 	 	 

 

 

	 	 	 	 	 	 	 
	 	 	Country	 	Item Amount
	Intercompany Indebtedness
	 	 	 	$	—	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet Asia Holdings Ltd
	 	Hong Kong	 	 	 	 
	Intercompany Investments
	 	 	 	$	2,000,006	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Jia Yin (Beijing)
Technology Development Co.
	 	China	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	$	 	 
	 
	 	 	 	 	 	 
	Bankomat 24 / Euronet Sp.
z.o.o.
	 	Poland	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet Banktechnikai
Szolgaltato Kft
	 	Hungary	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet Adminisztracios
Szolgaltato Kft
	 	Hungary	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	2,102,254	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet Services SRL
	 	Romania	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	608,680	 
	Other Investments
	 	 	 	$	—	 

 

 

	 	 	 	 	 	 	 
	 	 	Country	 	Item Amount
	Brodos SRL
	 	Romania	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet Services India Pvt
Ltd
	 	India	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet Card Services SA
	 	Greece	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet EFT Services Greece
EPE
	 	Greece	 	 	 	 
	Intercompany Investments
	 	 	 	$	17,552,180	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	16,051,000	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet Services LLC
	 	Russia	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	125,000	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Europlanet d.o.o. Beograd
	 	Serbia	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet Ukraine LLC
	 	Ukraine	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Other Investments
	 	 	 	$	—	 

 

 

	 	 	 	 	 	 	 
	 	 	Country	 	Item Amount
	Euronet Bulgaria EOOD
	 	Bulgaria	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet Pay and Transaction
Services SRL
	 	Italy	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	34,955,300	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	PaySpot, Inc.
	 	USA	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	28,017,930	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet USA, Inc.
	 	USA	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Euronet Payments and
Remittance Inc.
	 	USA	 	 	 	 
	Intercompany Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	25,819,000	 
	Other Investments
	 	 	 	$	—	 
	 
	 	 	 	 	 	 
	Comercial Warfield S.L.
	 	Spain	 	 	 	 
	Intercompany Investments
	 	 	 	$	87,433,000	 
	 
	 	 	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	88,495,530	 
	Other Investments
	 	 	 	$	—	 

 

 

Schedule 8.03

EXISTING INDEBTEDNESS

	 	 	 	 	 	 	 
	 	 	Country	 	Item Amount
	BORROWERS
	 	 	 	 	 	 
	Euronet Worldwide, Inc.
	 	USA	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	324,000,000	 
	 
	Delta Holdings
	 	Germany	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	53,960,000	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	e-pay Holdings
	 	UK	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	68,453,743	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	EFT Services B.V.
	 	The Netherlands	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	334,063,877	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	SUBSIDIARIES
	 	 	 	 	 	 
	 
	e-pay Ltd.
	 	UK	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	218,566	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	ATX Ltd
	 	UK	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	Euronet Essentis Ltd
	 	UK	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	639,075	 
	Capital Leases
	 	 	 	$	252,624	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	Omega Logic Ltd
	 	UK	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 

 

 

	 	 	 	 	 	 	 
	 	 	Country	 	Item Amount
	e-pay Money Transfer Ltd
	 	UK	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	Transact
	 	Germany	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	Euronet Services GmbH
	 	Germany	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	3,357,055	 
	Other Indebtedness
	 	 	 	$	137,253	 
	 
	e-pay Australia Holdings Pty Ltd.
	 	Australia	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	16,285,654	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	e-pay Australia Pty Ltd.
	 	Australia	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	904,921	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	e-pay New Zealand Pty Ltd.
	 	New Zealand	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	193,293	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	1,300,000	 
	 
	EFT Usluge d.o.o.
	 	Croatia	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	e-pay Spain SL
	 	Spain	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	Euronet Telerecarga SL
	 	Spain	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	48,458,959	 
	Capital Leases
	 	 	 	$	46,000	 
	Other Indebtedness
	 	 	 	$	25,080,000	 

 

 

	 	 	 	 	 	 	 
	 	 	Country	 	Item Amount
	Euronet Movilcarga SL
	 	Spain	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	15,817,850	 
	Capital Leases
	 	 	 	$	260,635	 
	Other Indebtedness
	 	 	 	$	2,376,000	 
	 
	Euronet Services spol s.r.o.
	 	Czech Republic	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	2,999,000	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	3,452,000	 
	 
	Euronet Services Slovakia spol s.r.o.
	 	Slovakia	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	EWI Foreign Holdings Ltd
	 	Cyprus	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	Euronet Asia Holdings Ltd
	 	Hong Kong	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	Jia Yin (Beijing) Technology
Development Co.
	 	China	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	 	 	 	$	—	 
	Bankomat 24 / Euronet Sp. z.o.o.
	 	Poland	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	13,099,483	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	Euronet Banktechnikai Szolgaltato Kft
	 	Hungary	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	810,112	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	Euronet Adminisztracios Szolgaltato Kft
	 	Hungary	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	2,102,254	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 

 

 

	 	 	 	 	 	 	 
	 	 	Country	 	Item Amount
	Euronet Services SRL
	 	Romania	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	608,680	 
	Capital Leases
	 	 	 	$	88,830	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	Brodos SRL
	 	Romania	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	178,200	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	Euronet Services India Pvt Ltd
	 	India	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	1,971,870	 
	Other Indebtedness
	 	 	 	$	7,200,000	 
	 
	Euronet Card Services SA
	 	Greece	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	1,266,000	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	Euronet EFT Services Greece EPE
	 	Greece	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	16,051,000	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	Euronet Services LLC
	 	Russia	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	125,000	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	Europlanet d.o.o. Beograd
	 	Serbia	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	Euronet Ukraine LLC
	 	Ukraine	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	Euronet Bulgaria EOOD
	 	Bulgaria	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	174,089	 
	Other Indebtedness
	 	 	 	$	—	 

 

 

	 	 	 	 	 	 	 
	 	 	Country	 	Item Amount
	Euronet Pay and Transaction Services SRL
	 	Italy	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	34,955,300	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	PaySpot, Inc.
	 	USA	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	28,017,930	 
	Capital Leases
	 	 	 	$	717,360	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	Euronet USA, Inc.
	 	USA	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	—	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	Euronet Payments and Remittance Inc.
	 	USA	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	25,819,000	 
	Capital Leases
	 	 	 	$	74,602	 
	Other Indebtedness
	 	 	 	$	—	 
	 
	Comercial Warfield S.L.
	 	Spain	 	 	 	 
	Intercompany Indebtedness
	 	 	 	$	88,495,530	 
	Capital Leases
	 	 	 	$	—	 
	Other Indebtedness
	 	 	 	$	—	 

 

 

Schedule 11.02

NOTICE ADDRESSES

BORROWER AND EACH OTHER CREDIT PARTY:

[Applicable Noticee]

c/o Euronet Worldwide, Inc.

4601 College Boulevard

Suite 300

Leawood, Kansas 66211

ADMINISTRATIVE AGENT

Agency Servicing: (Domestic and F/X Commitments)

	 	 	 	 	 
	Primary:

	 	Runzia Bob
	 	(daily borrowing/repaying activity)
	 

	 	Telephone: (214) 209-9732	 	 
	 

	 	Fax: (214) 290-9646	 	 
	 
	 	 	 	 
	Secondary:

	 	Deanna Betik	 	 
	 

	 	Assistant Vice President/Team Leader	 	 
	 

	 	Telephone: (214) 209-3259	 	 
	 

	 	Fax: (214) 290-9414	 	 
	 
	 	 	 	 
	Wire Instructions:

	 	Bank of America, N.A.	 	 
	 

	 	ABA #: 026-009-593	 	 
	 

	 	901 Main Street	 	 
	 

	 	Acct.#: 1292-000-883	 	 
	 

	 	Dallas, Texas 75202	 	 
	 

	 	Attn: Credit Services	 	 
	 

	 	Ref: Euronet Worldwide, Inc.	 	 
	 
	 	 	 	 
	Agency Management:

	 	Bozena Janociak
	 	(financial reporting requirements,
	 

	 	Agency Officer
	 	bank group communications)
	 

	 	Bank of America	 	 
	 

	 	231 South LaSalle Street	 	 
	 

	 	Chicago, Illinois 60697	 	 
	 

	 	Mail Code: IL1-231-08-30	 	 
	 

	 	Telephone: (312) 828-3597	 	 
	 

	 	Fax: (877) 207-0732	 	 
	 

	 	Email: Bozena.janociak@bankofamerica.com	 	 

 

 

	 	 	 	 	 
	Letters of Credit:
	 	 	 	 
	Standby:

	 	Trade Operations – Los Angeles	 	 
	 

	 	1000 W Temple St	 	 
	 

	 	Mail Code: CA9-705-07-05	 	 
	 

	 	Los Angeles, CA 90012-1514	 	 
	 

	 	Attention: Tai Anh Lu	 	 
	 

	 	Telephone: (213) 481-7840	 	 
	 

	 	Fax: (213) 580-8442	 	 
	 

	 	Email: tai_anh.lu@bankofamerica.com	 	 
	 
	 	 	 	 
	India Obligations:

	 	Namita Taneja	 	 
	 

	 	Bank of America	 	 
	 

	 	Nariman Point	 	 
	 

	 	Mumbai, India 400-021	 	 
	 

	 	Telephone: (741) 610-01-01	 	 
	 

	 	namita.taneja@bankofamerica.com	 	 

 

 

Exhibit 2.01

FORM OF LENDER JOINDER AGREEMENT

     THIS LENDER JOINDER AGREEMENT (this “Agreement”) dated as of                     , 200___to the
Credit Agreement referenced below is by and among [NEW LENDER] (the “New Lender”), the
Borrowers, Guarantors and Administrative Agent under the Credit Agreement referenced below.
Capitalized terms used but not otherwise defined herein have the meanings provided in the Credit
Agreement referenced below.

WITNESSETH

     WHEREAS, pursuant to that certain Credit Agreement, dated as of April 4 2007 (as amended,
restated, increased, supplemented or otherwise modified from time to time, the “Credit
Agreement”) among Euronet Worldwide, Inc., a Delaware corporation, and certain other
Subsidiaries and Affiliates, as Borrowers, certain Subsidiaries and Affiliates, as Guarantors, the
lenders from time to time party thereto (the “Lenders”) and Bank of America, N.A., as
administrative agent (in such capacity, the “Administrative Agent”), the Lenders have
agreed to provide the Borrower with revolving credit and term loan facilities;

     WHEREAS, pursuant to Section 2.01(e) of the Credit Agreement, the Company has requested that
the New Lender provide an additional [Domestic] [F/X] [India] [Revolving] [Tranche B Term Loan]
[Commitment] under the Credit Agreement; and

     WHEREAS, the New Lender has agreed to provide the additional [Domestic] [F/X] [India]
[Revolving] [Tranche B Term Loan] [Commitment] on the terms and conditions set forth herein and to
become a “Lender” under the Credit Agreement in connection therewith;

     NOW, THEREFORE, IN CONSIDERATION of the premises and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

     1. The New Lender hereby agrees to provide [Domestic] [F/X] [India] [Revolving] [Tranche B
Term Loan] Commitments to the [Domestic] [F/X] [India] Borrowers during the Commitment Period in an
amount up to its [Domestic] [F/X] [India] [Revolving] [Tranche B Term Loan] Committed Amount set
forth on Schedule 2.01 attached hereto. The New Lender’s [Domestic] [F/X] [India]
[Revolving] [Tranche B Term Loan] Commitment Percentage shall be as set forth on Schedule
2.01 attached hereto. The existing Schedule 2.01 to the Credit Agreement shall be deemed to be
amended to include the information set forth on Schedule 2.01 attached hereto.

     [2. The New Lender shall be deemed to have purchased, without recourse, a risk participation
from the [Domestic] [F/X] [India] L/C Issuer in all [Domestic] [F/X] [India] Letters of Credit
issued or existing under the Credit Agreement (including Existing [Domestic] [F/X] [India] Letters
of Credit) and the obligations arising thereunder in an amount equal to its [Domestic] [F/X]
[India] [Revolving] [Tranche B Term Loan] Commitment Percentage of the obligations under such
[Domestic] [F/X] [India] Letters of Credit and shall absolutely, unconditionally and irrevocably
assume, as primary obligor and not as surety, and be obligated to pay to the [Domestic] [F/X]
[India] L/C Issuer and discharge when due, its [Domestic] [F/X] [India] [Revolving] [Tranche B Term
Loan] Commitment Percentage of the obligations arising under such [Domestic] [F/X] [India] Letters
of Credit.]

     3. The New Lender (a) represents and warrants that (i) it has full power and authority, and
has taken all action necessary, to execute and deliver this Agreement and to consummate the
transactions

 

 

contemplated hereby and to become a [Domestic] [F/X] [India] [Revolving] [Tranche B Term Loan]
Lender under the Credit Agreement, (ii) it meets all requirements of an Eligible Assignee under the
Credit Agreement, (iii) from and after the date hereof, it shall be bound by the provisions of the
Credit Agreement as a [Domestic] [F/X] [India] [Revolving] [Tranche B Term Loan] Lender thereunder
and shall have the obligations of a [Domestic] [F/X] [India] [Revolving] [Tranche B Term Loan]
Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the
most recent financial statements delivered pursuant to Section 7.01 thereof and such other
documents and information as it has deemed appropriate to make its own credit analysis and decision
to enter into this Agreement and, based on such information, has made such analysis and decision
independently and without reliance on either Administrative Agent or any other Lender and (v) if it
is a Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant
to the terms of the Credit Agreement, duly completed and executed by the New Lender; and (b) agrees
that (i) it will, independently and without reliance on either Administrative Agent or any other
Lender, and based on such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under the Credit Documents
and (ii) it will perform in accordance with their terms all of the obligations which by the terms
of the Credit Documents are required to be performed by it as a [Domestic] [F/X] [India]
[Revolving] [Tranche B Term Loan] Lender. If so required at the date hereof for EFT Services
Holding BV to comply with its obligations under the Dutch Banking Act or the regulations or
policies promulgated thereunder, the New Lender explicitly declares and represents that (x) it a
professional market party (professionele marktpartif) within the meaning of Dutch Banking Act
(Vrijstellingsregeling Wtk 1992), (y) it is aware that it does not benefit from creditor protection
under the Dutch Banking Act and (z) it has made its own appraisal of EFT Services Holding BV.

     4. Each of the undersigned Borrowers and the Guarantors agrees that, as of the date hereof,
the New Lender shall (a) be a party to the Credit Agreement, (b) be a “[Domestic] [F/X] [India]
[Revolving] [Tranche B Term Loan] Lender” for all purposes of the Credit Agreement and the other
Credit Documents and (c) have the rights and obligations of a [Domestic] [F/X] [India] [Revolving]
[Tranche B Term Loan] Lender under the Credit Agreement and the other Credit Documents.

     5. The address of the New Lender for purposes of all notices and other communications is as
set forth on the Administrative Questionnaire delivered by the New Lender to the Administrative
Agent.

     6. This Agreement may be executed in any number of counterparts and by the various parties
hereto 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 contract.

     7. This Agreement shall be governed by, and construed in accordance with, the law of the State
of New York.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

 

     IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed by a
duly authorized officer as of the date first above written.

	 	 	 	 	 
	NEW LENDER:	 	[NEW LENDER],
	 	 	as New Lender
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	[DOMESTIC BORROWERS:	 	EURONET WORLDWIDE, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	EURONET PAYMENTS & REMITTANCES, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	[DESIGNATED BORROWER]
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	DOMESTIC GUARANTORS:	 	EURONET WORLDWIDE, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	EURONET PAYMENTS & REMITTANCES, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	EURONET USA INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 

 

 

	 	 	 	 	 
	 	 	PAYSPOT INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]	 	 
	 
	 	 	 	 
	[F/X BORROWERS:	 	EFT SERVICES HOLDINGS BV
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	DELTA EURONET GmbH
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	E-PAY HOLDINGS LTD
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 

	 	[DESIGNATED
	 	 BORROWER]
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]	 	 
	 
	 	 	 	 
	[F/X GUARANTORS:	 	[LIST EACH F/X GUARANTOR]
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	[INDIA BORROWER:	 	EURONET SERVICES INDIA PVT LTD.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 

 

 

	 	 	 	 	 
	 	 	[DESIGNATED BORROWER]
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]	 	 
	 
	 	 	 	 
	Accepted and Agreed:
	 	 	 	 
	 
	 	 	 	 
	[ADMINISTRATIVE AGENT
	 	 	 	 
	(FOR DOMESTIC LOAN 

OBLIGATIONS AND
	 	 	 	 
	F/X OBLIGATIONS):	 	BANK OF AMERICA, N.A.,

as Administrative Agent and Collateral Agent
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]	 	 
	 
	 	 	 	 
	[ADMINISTRATIVE AGENT
	 	 	 	 
	(FOR INDIA OBLIGATIONS):	 	BANK OF AMERICA, N.A., acting through its Mumbai Branch, as
Administrative Agent for all India related credit facilities
	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]	 	 

 

 

Exhibit 2.02

FORM OF LOAN NOTICE

Date:                     

	 	 	 
	To:

	 	Bank of America, N.A. [, acting through its Mumbai Branch], as Administrative Agent
	 
	 	 
	Re:

	 	Credit Agreement, dated as of April 4, 2007 (as amended, restated, increased, supplemented or otherwise modified from time
to time, the “Credit Agreement”) among Euronet Worldwide, Inc., a Delaware corporation, and certain other Subsidiaries and
Affiliates, as Borrowers, certain Subsidiaries and Affiliates, as Guarantors, the lenders from time to time party thereto
(the “Lenders”) and Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”).
Capitalized terms used but not otherwise defined herein have the meanings provided in the Credit Agreement.

Ladies and Gentlemen:

	 	 	 	 	 	 	 	 	 
	1.	 	The undersigned hereby requests the following:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	o
	 	a Domestic Swingline Loan Borrowing
	 	o
	 	a Domestic Revolving Loan Borrowing
	 
	 	 	 	 	 	 	 	 
	 

	 	o
	 	a Domestic Revolving Loan continuation
	 	o
	 	a Domestic Revolving Loan Conversion
	 
	 	 	 	 	 	 	 	 
	 

	 	o
	 	an F/X Revolving Loan Borrowing
	 	o
	 	an F/X Revolving Loan continuation
	 
	 	 	 	 	 	 	 	 
	 

	 	o
	 	an India Revolving Loan Borrowing
	 	o
	 	an India Revolving Loan continuation
	 
	 	 	 	 	 	 	 	 
	 

	 	o
	 	an F/X Revolving Loan conversion
	 	o
	 	a Tranche B Term Loan Borrowing
	 
	 	 	 	 	 	 	 	 
	 

	 	o
	 	a Tranche B Term Loan continuation
	 	o
	 	a Tranche B Term Loan conversion
	 
	 	 	 	 	 	 	 	 
	2.	 	Date of Borrowing (which shall be a Business Day):	 	 	 	 
	 

	 	 	 	 	 

	 	 	 	 	 
	3.

	 	Amount and Currency of Borrowing:	 	 
	 

	 	 	 	 

	 	 	 	 	 	 	 
	4.

	 	Type of Loan requested (select one):
	 	o
	 	Base Rate Loan (required for Domestic Swingline Loans and
not available for F/X Revolving Loans or India Revolving Loans)
	 
	 	 	 	 	 	 
	 

	 	 	 	o
	 	Fixed LIBOR Rate Loan
	 
	 	 	 	 	 	 
	 

	 	 	 	o
	 	Floating LIBOR Rate Loans
	 
	 	 	 	 	 	 
	5.	 	Interest Period for Fixed LIBOR Rate Loans (select one):

	 	 	 	 	 	 	 	 	 
	 

	 	o     One Month
	 	o     Two Months
	 	o     Three Months
	 	o     Six Months

The [Domestic][F/X] [India] Borrowers hereby represent and warrant that (a) this Request for Credit
Extension complies with the requirements of Section 2.01(a), with respect to Domestic Swingline
Loans and Domestic Revolving Loans, Section 2.01(b), with respect to F/X Revolving Loans, Section
2.01(c),

 

 

with respect to Foreign Revolving Loans, Section 2.01(d), with respect to the Tranche B Term Loan,
and with the requirements of Section 2.02 of the Credit Agreement and (b) the representations and
warranties contained in Section 5.02(a) and (b) of the Credit Agreement have been satisfied on and
as of the date of the requested Credit Extension.

	 	 	 	 	 
	[DOMESTIC BORROWER[S]:	 	[EURONET WORLDWIDE, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]	 	 
	 
	 	 	 	 
	 	 	[EURONET PAYMENTS & REMITTANCES, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]	 	 
	 
	 	 	 	 
	 	 	[[DESIGNATED BORROWER]
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]]	 	 
	 
	 	 	 	 
	[F/X BORROWER[S]:	 	[EFT SERVICES HOLDINGS BV
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]	 	 
	 
	 	 	 	 
	 	 	[DELTA EURONET GmbH
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]	 	 
	 
	 	 	 	 
	 	 	[E-PAY HOLDINGS LTD
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]	 	 
	 
	 	 	 	 
	 	 	[[DESIGNATED BORROWER]
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]]	 	 

 

 

	 	 	 	 	 
	[INDIA BORROWER[S]:	 	[EURONET SERVICES INDIA PVT LTD.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]	 	 
	 
	 	 	 	 
	 	 	[[DESIGNATED BORROWER]
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]]	 	 

 

 

Exhibit 2.13-1

FORM OF DOMESTIC REVOLVING NOTE

                     __, 20__

     FOR VALUE RECEIVED, the undersigned (the “Domestic Borrowers”), hereby promise to pay
to ___, its successors or registered assigns (the “Domestic Revolving
Lender”), the Domestic Revolving Lender’s Domestic Revolving Committed Amount, or if less, the
aggregate unpaid principal amount of all Domestic Revolving Loans owing to the Domestic Revolving
Lender under the Credit Agreement, dated as of April 4, 2007 (as amended, restated, increased,
supplemented or otherwise modified from time to time, the “Credit Agreement”) among Euronet
Worldwide, Inc., a Delaware corporation, and certain other Subsidiaries and Affiliates, as
Borrowers, certain Subsidiaries and Affiliates, as Guarantors, the lenders from time to time party
thereto (the “Lenders”) and Bank of America, N.A., as administrative agent (in such
capacity, the “Administrative Agent”). Capitalized terms used but not otherwise defined
herein have the meanings provided in the Credit Agreement.

     The Domestic Borrowers promise to pay interest on the unpaid principal amount of each Domestic
Revolving Loan from the date of such Domestic Revolving Loan until such principal amount is paid in
full, at such interest rates and at such times as provided in the Credit Agreement. All payments
of principal and interest shall be made to the Administrative Agent for the account of the Domestic
Revolving Lender, at the Administrative Agent’s Office, in Dollars in immediately available funds.
If any amount is not paid in full when due hereunder, such unpaid amount shall bear interest, to be
paid upon demand, from the due date thereof until the date of actual payment (before as well as
after judgment) computed at the applicable per annum rate set forth in the Credit Agreement.

     This Domestic Revolving Note is one of the Notes referred to in the Credit Agreement and is
entitled to the benefits thereof and may be prepaid in whole or in part subject to the terms and
conditions provided in the Credit Agreement. Domestic Revolving Loans made by the Domestic
Revolving Lender may be evidenced by one or more loan accounts or records maintained by the
Domestic Revolving Lender in the ordinary course of business. The Domestic Revolving Lender may
also attach schedules to this Domestic Revolving Note and endorse thereon the date, amount and
maturity of its Domestic Revolving Loans and payments with respect thereto.

     Upon the occurrence and continuation of an Event of Default, all amounts then remaining unpaid
on this Domestic Revolving Note shall become, or may be declared to be, immediately due and payable
as provided in the Credit Agreement, without diligence, presentment, protest and demand or notice
of protest, demand, dishonor and non-payment of this Domestic Revolving Note, all of which are
hereby waived by the Domestic Borrowers, for themselves and their successors and assigns.

     THIS DOMESTIC REVOLVING NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
OF THE STATE OF NEW YORK.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

 

	 	 	 	 	 
	DOMESTIC BORROWERS:	 	EURONET WORLDWIDE, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	EURONET PAYMENTS & REMITTANCES, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	[DESIGNATED BORROWER]
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]	 	 

 

 

Exhibit 2.13-2

FORM OF DOMESTIC SWINGLINE NOTE

                     __, 20__

     FOR VALUE RECEIVED, the undersigned (the “Domestic Borrowers”), hereby promise to pay
to                                         , its successors or registered assigns (the “Domestic Swingline
Lender”), the aggregate unpaid principal amount of all Domestic Swingline Loans owing to the
Domestic Swingline Lender under the Credit Agreement, dated as of April 4, 2007 (as amended,
restated, increased, supplemented or otherwise modified from time to time, the “Credit
Agreement”) among Euronet Worldwide, Inc., a Delaware corporation, and certain other
Subsidiaries and Affiliates, as Borrowers, certain Subsidiaries and Affiliates, as Guarantors, the
lenders from time to time party thereto (the “Lenders”) and Bank of America, N.A., as
administrative agent (in such capacity, the “Administrative Agent”). Capitalized terms
used but not otherwise defined herein have the meanings provided in the Credit Agreement.

     The Domestic Borrowers promise to pay interest on the unpaid principal amount of each Domestic
Swingline Loan from the date of such Domestic Swingline Loan until such principal amount is paid in
full, at such interest rates and at such times as provided in the Credit Agreement. All payments
of principal and interest shall be made to the Domestic Swingline Lender in Dollars immediately
available funds. If any amount is not paid in full when due hereunder, such unpaid amount shall
bear interest, to be paid upon demand, from the due date thereof until the date of actual payment
(before as well as after judgment) computed at the applicable per annum rate set forth in the
Credit Agreement.

     This Domestic Swingline Note is one of the Notes referred to in the Credit Agreement and is
entitled to the benefits thereof and may be prepaid in whole or in part subject to the terms and
conditions provided therein. Domestic Swingline Loans made by the Domestic Swingline Lender may be
evidenced by one or more loan accounts or records maintained by the Domestic Swingline Lender in
the ordinary course of business. The Domestic Swingline Lender may also attach schedules to this
Domestic Swingline Note and endorse thereon the date, amount and maturity of its Domestic Swingline
Loans and payments with respect thereto.

     Upon the occurrence and continuation of an Event of Default, all amounts then remaining unpaid
on this Domestic Swingline Note shall become, or may be declared to be, immediately due and payable
as provided in the Credit Agreement, without diligence, presentment, protest and demand or notice
of protest, demand, dishonor and non-payment of this Domestic Swingline Note, all of which are
hereby waived by the Domestic Borrowers, for themselves and their successors and assigns.

     THIS DOMESTIC SWINGLINE NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
OF THE STATE OF NEW YORK.

 

 

	 	 	 	 	 
	DOMESTIC BORROWERS:	 	EURONET WORLDWIDE, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	EURONET PAYMENTS & REMITTANCES, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	[[DESIGNATED BORROWER]
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]]	 	 

 

 

Exhibit 2.13-3

FORM OF F/X REVOLVING NOTE

                     __, 20__

     FOR VALUE RECEIVED, the undersigned (the “F/X Borrowers”), hereby promise to pay to
                                        , its successors or registered assigns (the “F/X Revolving Lender”),
the F/X Revolving Lender’s F/X Revolving Committed Amount, or if less, the aggregate unpaid
principal amount of all F/X Revolving Loans owing to the F/X Revolving Lender under the Credit
Agreement, dated as of April 4, 2007 (as amended, restated, increased, supplemented or otherwise
modified from time to time, the “Credit Agreement”) among Euronet Worldwide, Inc., a
Delaware corporation, and certain other Subsidiaries and Affiliates, as Borrowers, certain
Subsidiaries and Affiliates, as Guarantors, the lenders from time to time party thereto (the
“Lenders”) and Bank of America, N.A., as administrative agent (in such capacity, the
“Administrative Agent”). Capitalized terms used but not otherwise defined herein have the
meanings provided in the Credit Agreement.

     The F/X Borrowers promise to pay interest on the unpaid principal amount of each F/X Revolving
Loan from the date of such F/X Revolving Loan until such principal amount is paid in full, at such
interest rates and at such times as provided in the Credit Agreement. All payments of principal
and interest shall be made to the Administrative Agent for the account of the F/X Revolving Lender,
at the Administrative Agent’s Office, in the applicable currency in Same Day Funds. If any amount
is not paid in full when due hereunder, such unpaid amount shall bear interest, to be paid upon
demand, from the due date thereof until the date of actual payment (before as well as after
judgment) computed at the applicable per annum rate set forth in the Credit Agreement.

     This F/X Revolving Note is one of the Notes referred to in the Credit Agreement and is
entitled to the benefits thereof and may be prepaid in whole or in part subject to the terms and
conditions provided therein. F/X Revolving Loans made by the F/X Revolving Lender may be evidenced
by one or more loan accounts or records maintained by the F/X Revolving Lender in the ordinary
course of business. The F/X Revolving Lender may also attach schedules to this F/X Revolving Note
and endorse thereon the date, amount and maturity of its F/X Revolving Loans and payments with
respect thereto.

     Upon the occurrence and continuation of an Event of Default, all amounts then remaining unpaid
on this F/X Revolving Note shall become, or may be declared to be, immediately due and payable as
provided in the Credit Agreement, without diligence, presentment, protest and demand or notice of
protest, demand, dishonor and non-payment of this F/X Revolving Note, all of which are hereby
waived by the F/X Borrowers, for themselves and their successors and assigns.

     THIS F/X REVOLVING NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

 

	 	 	 	 	 
	F/X BORROWERS:	 	EFT SERVICES HOLDINGS BV
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	DELTA EURONET GmbH
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	E-PAY HOLDINGS LTD
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	[[DESIGNATED BORROWER]
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]	 	 

 

 

Exhibit 2.13-4

FORM OF INDIA REVOLVING NOTE

                     __, 20__

     FOR VALUE RECEIVED, the undersigned (the “India Borrowers”), hereby promise to pay to
                                        , its successors or registered assigns (the “India Revolving Lender”),
the India Revolving Lender’s India Revolving Committed Amount, or if less, the aggregate unpaid
principal amount of all India Revolving Loans owing to the India Revolving Lender under the Credit
Agreement, dated as of April 4, 2007 (as amended, restated, increased, supplemented or otherwise
modified from time to time, the “Credit Agreement”) among Euronet Worldwide, Inc., a
Delaware corporation, and certain other Subsidiaries and Affiliates, as Borrowers, certain
Subsidiaries and Affiliates, as Guarantors, the lenders from time to time party thereto (the
“Lenders”) and Bank of America, N.A., as administrative agent (in such capacity, the
“Administrative Agent”). Capitalized terms used but not otherwise defined herein have the
meanings provided in the Credit Agreement.

     The India Borrowers promise to pay interest on the unpaid principal amount of each India
Revolving Loan from the date of such India Revolving Loan until such principal amount is paid in
full, at such interest rates and at such times as provided in the Credit Agreement. All payments
of principal and interest shall be made to the Administrative Agent for the account of the India
Revolving Lender, at the Applicable Administrative Agent’s Office, in Rupee in Same Day Funds. If
any amount is not paid in full when due hereunder, such unpaid amount shall bear interest, to be
paid upon demand, from the due date thereof until the date of actual payment (before as well as
after judgment) computed at the applicable per annum rate set forth in the Credit Agreement.

     This India Revolving Note is one of the Notes referred to in the Credit Agreement and is
entitled to the benefits thereof and may be prepaid in whole or in part subject to the terms and
conditions provided therein. India Revolving Loans made by the India Revolving Lender may be
evidenced by one or more loan accounts or records maintained by the India Revolving Lender in the
ordinary course of business. The India Revolving Lender may also attach schedules to this India
Revolving Note and endorse thereon the date, amount and maturity of its India Revolving Loans and
payments with respect thereto.

     Upon the occurrence and continuation of an Event of Default, all amounts then remaining unpaid
on this India Revolving Note shall become, or may be declared to be, immediately due and payable as
provided in the Credit Agreement, without diligence, presentment, protest and demand or notice of
protest, demand, dishonor and non-payment of this India Revolving Note, all of which are hereby
waived by the Foreign Borrowers, for themselves and their successors and assigns.

     THIS INDIA REVOLVING NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

 

	 	 	 	 	 
	INDIA BORROWER[S]:	 	EURONET SERVICES INDIA PVT LTD.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]	 	 
	 
	 	 	 	 
	 	 	[[DESIGNATED BORROWER]
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]]	 	 

 

 

Exhibit 2.13-5

FORM OF TRANCHE B TERM LOAN NOTE

                     __, 20__

     FOR VALUE RECEIVED, the Euronet Worldwide, Inc., a Delaware corporation, hereby promise to
                                        , its successors or registered assigns (the “Tranche B Term Lender”)
the aggregate unpaid principal amount of the Tranche B Term Loan made by the Tranche B Term Lender
under the Credit Agreement, dated as of April 4, 2007 (as amended, restated, increased,
supplemented or otherwise modified from time to time, the “Credit Agreement”) among Euronet
Worldwide, Inc., a Delaware corporation, and certain other Subsidiaries and Affiliates, as
Borrowers, certain Subsidiaries and Affiliates, as Guarantors, the lenders from time to time party
thereto (the “Lenders”) and Bank of America, N.A., as administrative agent (in such
capacity, the “Administrative Agent”). Capitalized terms used but not otherwise defined
herein have the meanings provided in the Credit Agreement.

     EWI promises to pay interest on the unpaid principal amount of the Tranche B Term Loan made by
the Tranche B Term Lender from the date of such Tranche B Term Loan until such principal amount is
paid in full, at such interest rates and at such times as provided in the Credit Agreement. All
payments of principal and interest shall be made to the Administrative Agent for the account of the
Tranche B Term Lender, at the Administrative Agent’s Office, in Dollars in immediately available
funds. If any amount is not paid in full when due hereunder, such unpaid amount shall bear
interest, to be paid upon demand, from the due date thereof until the date of actual payment
(before as well as after judgment) computed at the applicable per annum rate set forth in the
Credit Agreement.

     This Tranche B Term Loan Note is one of the Notes referred to in the Credit Agreement and is
entitled to the benefits thereof and may be prepaid in whole or in part subject to the terms and
conditions provided therein. The Tranche B Term Loan made by the Tranche B Term Lender may be
evidenced by one or more loan accounts or records maintained by the Tranche B Term Lender in the
ordinary course of business. The Tranche B Term Lender may also attach schedules to this Tranche B
Term Loan Note and endorse thereon the date, amount and maturity of its Tranche B Term Loan and
payments with respect thereto.

     Upon the occurrence and continuation of an Event of Default, all amounts then remaining unpaid
on this Tranche B Term Loan Note shall become, or may be declared to be, immediately due and
payable as provided in the Credit Agreement, without diligence, presentment, protest and demand or
notice of protest, demand, dishonor and non-payment of this Tranche B Term Loan Note, all of which
are hereby waived by the Foreign Borrower, for themselves and their successors and assigns.

     THIS TRANCHE B TERM LOAN NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
OF THE STATE OF NEW YORK.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

 

	 	 	 	 	 
	BORROWER:	 	EURONET WORLDWIDE,

a Delaware corporation
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 

 

 

Exhibit 2.14-1

FORM OF DESIGNATED BORROWER REQUEST AND ASSUMPTION AGREEMENT

     THIS DESIGNATED BORROWER REQUEST AND ASSUMPTION AGREEMENT (this “Agreement”) dated as
of                      is by and between                     , a                                      
    (the
“Applicant Borrower”), and Bank of America, N.A., in its capacity as Administrative Agent
under that certain Credit Agreement, dated as of April 4, 2007 (as amended, restated, increased,
supplemented or otherwise modified from time to time, the “Credit Agreement”) among Euronet
Worldwide, Inc., a Delaware corporation, and certain other Subsidiaries and Affiliates, as
Borrowers, certain Subsidiaries and Affiliates, as Guarantors, the lenders from time to time party
thereto (the “Lenders”) and Bank of America, N.A., as administrative agent (in such
capacity, the “Administrative Agent”). Capitalized terms used but not otherwise defined
herein have the meanings provided in the Credit Agreement.

     The Applicant Borrower has indicated its desire to become a Designated Borrower pursuant to
Section 2.14 of the Credit Agreement. Accordingly, the Applicant Borrower hereby agrees with the
Administrative Agent, for the benefit of the Lenders, as follows:

     1. Each of the Applicant Borrower and the Borrowers hereby confirms, represents and
warrants to the Administrative Agent and the Lenders that the Applicant Borrower is a
Subsidiary of                     .

     2. The Applicant Borrower hereby acknowledges, agrees and confirms that, by its
execution of this Agreement, the Applicant Borrower will be deemed to be a party to the
Credit Agreement as a “Designated Borrower” and a Designated Borrower for all purposes of
the Credit Agreement and the other Credit Documents, and shall have all of the obligations
of a [Domestic] [F/X] [India] Borrower thereunder as if it has executed the Credit Agreement
and the other Credit Documents. The Applicant Borrower hereby ratifies, as of the date
hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in
the Credit Documents, including (i) all of the representations and warranties of the Credit
Parties set forth in Article VI of the Credit Agreement, and (ii) all of the affirmative and
negative covenants set forth in Articles VII and VIII of the Credit Agreement.

     3. The Applicant Borrower requests a Designated Borrower Limit of [$][€]
[£][Rs]                    .

     4. The Applicant Borrower acknowledges and confirms that it has received a copy of the
Credit Agreement and the schedules and exhibits thereto.

     5. The [Borrowers confirm that all of the Obligations under the Credit Agreement are,
and upon the Applicant Borrower becoming a Designated Borrower shall continue to be, in full
force and effect. The Borrowers further confirm that immediately upon the Applicant
Borrower becoming a Designated Borrower, the term “[Domestic] [F/X] [India] Obligations,” as
used in the Credit Agreement, shall include all [Domestic] [F/X] [India] Obligations of such
Designated Borrower under the Credit Agreement and under each other Credit Document.

     6. The Applicant Borrower hereby agrees that upon becoming a Designated Borrower it
will assume all of the [Domestic] [F/X] [India] Obligations of a [Domestic] [F/X] [India]
Borrower as set forth in the Credit Agreement.

 

 

     7. Each of the Borrowers and the Applicant Borrower agrees that at any time and from
time to time, upon the written request of the Administrative Agent, it will execute and
deliver such further documents and do such further acts and things as the Administrative
Agent may reasonably request in order to effect the purposes of this Agreement.

     8. This Agreement may be executed in two or more counterparts, each of which shall
constitute an original but all of which when taken together shall constitute one contract.

     9. This Agreement shall constitute a Credit Document under the Credit Agreement.

     10. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

 

     IN WITNESS WHEREOF, the Applicant Borrower has caused this Agreement to be duly executed by
its authorized officers. Following receipt of the consent of the Required [Domestic] [F/X] [India]
Revolving Lenders, the Administrative Agent, for the benefit of the Lenders, has caused the same to
be accepted by its authorized officer, as of the day and year first above written.

	 	 	 	 	 
	APPLICANT BORROWER:	 	[APPLICANT BORROWER],
	 	 	a                                          
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	DOMESTIC BORROWERS:	 	EURONET WORLDWIDE, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	EURONET PAYMENTS & REMITTANCES, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 

	 	[DESIGNATED
	 	BORROWER]
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]	 	 
	 
	 	 	 	 
	F/X BORROWERS:	 	EFT SERVICES HOLDINGS BV
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	DELTA EURONET GmbH
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 

 

 

	 	 	 	 	 
	 	 	E-PAY HOLDINGS LTD
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	[DESIGNATED BORROWER]
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]	 	 
	 
	 	 	 	 
	INDIA BORROWER[S]:

	 	EURONET SERVICES INDIA PVT LTD.

	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	[DESIGNATED BORROWER]
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]	 	 

Acknowledged and Accepted:

BANK OF AMERICA, N.A., as Administrative Agent

	 	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 

 

 

Exhibit 2.14-2

FORM OF DESIGNATED BORROWER NOTICE

Date:                     , _____

To: The Borrowers (as defined below) and the [Domestic] [F/X] [India] Revolving Lenders

Ladies and Gentlemen:

This Designated Borrower Notice is made and delivered pursuant to Section 2.14 of that certain
Credit Agreement, dated as of April 4, 2007 (as amended, restated, increased, supplemented or
otherwise modified from time to time, the “Credit Agreement”) among Euronet Worldwide,
Inc., a Delaware corporation, and certain other Subsidiaries and Affiliates, as Borrowers, certain
Subsidiaries and Affiliates, as Guarantors, the lenders from time to time party thereto (the
“Lenders”) and Bank of America, N.A., as administrative agent (in such capacity, the
“Administrative Agent”). Capitalized terms used but not otherwise defined herein have the
meanings provided in the Credit Agreement.

     The Administrative Agent hereby notifies Borrowers and the [Domestic] [F/X] [India] Revolving
Lenders that effective as of the date hereof                                          shall be a Designated Borrower
and may receive [Domestic] [F/X] [India] Revolving Loans for its account on the terms and
conditions set forth in the Credit Agreement.

     This Designated Borrower Notice shall constitute a Credit Document under the Credit Agreement.

	 	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A.,

as Administrative Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 

 

 

Exhibit 7.02(b)

FORM OF COMPLIANCE CERTIFICATE

[date]

Financial Statement Date:                     

	 	 	 
	To:

	 	Bank of America, N.A., as Administrative Agent
	 
	 	 
	Re:

	 	Credit Agreement, dated as of April 4, 2007 (as amended,
restated, increased, supplemented or otherwise modified from
time to time, the “Credit Agreement”) among Euronet
Worldwide, Inc., a Delaware corporation, and certain other
Subsidiaries and Affiliates, as Borrowers, certain
Subsidiaries and Affiliates, as Guarantors, the lenders from
time to time party thereto (the “Lenders”) and Bank of
America, N.A., as administrative agent (in such capacity,
the “Administrative Agent”). Capitalized terms used but not
otherwise defined herein have the meanings provided in the
Credit Agreement.

Ladies and Gentlemen:

The undersigned Responsible Officer hereby certifies as of the date hereof that he/she is the                                          of
Euronet Worldwide, Inc., a Delaware corporation ( “EWI”), and that, as such, he/she is
authorized to execute and deliver this Compliance Certificate to the Administrative Agent on the
behalf of EWI, and that:

[Use following paragraph 1 for fiscal year-end financial statements:]

     [1. [Attached hereto as Schedule 1 are the] [The] year-end audited financial
statements required by Section 7.01(a) of the Credit Agreement for the fiscal year of EWI ended as
of the above date, together with the report and opinion of an independent certified public
accountant of nationally recognized standing required by such section [have been electronically
delivered to the Administrative Agent pursuant to the conditions set forth in Section 7.02 of the
Credit Agreement].]

[Use following paragraph 1 for fiscal quarter-end financial statements:]

     [1. [Attached hereto as Schedule 1 are the] [The] unaudited financial statements
required by Section 7.01(b) of the Credit Agreement for the fiscal quarter of EWI ended as of the
above date [have been electronically delivered to the Administrative Agent pursuant to the
conditions set forth in Section 7.02 of the Credit Agreement]. Such financial statements fairly
present in all material respects the financial condition, results of income or operations,
shareholders’ equity and cash flows of the Consolidated Group in accordance with GAAP as at such
date and for such period, subject only to normal year-end audit adjustments and the absence of
footnotes.]

     2. The undersigned has reviewed and is familiar with the terms of the Credit Agreement and has
made, or has caused to be made under his/her supervision, a detailed review of the transactions and
condition (financial or otherwise) of the Consolidated Group during the accounting period covered
by the attached financial statements.

     3. A review of the activities of the Credit Parties during such fiscal period has been made
under the supervision of the undersigned with a view to determining whether during such fiscal
period

 

 

each of the Credit Parties performed and observed all of the covenants applicable to it under
the Credit Documents, and

[select one:]

[to the best knowledge of the undersigned during such fiscal period, each Credit Party performed
and observed each covenant and condition of the Credit Documents applicable to it.]

—or—

[the following covenants or conditions have not been performed or observed and the following is a
list of each such Default or Event of Default and its nature and status: [DESCRIBE].]

     4. The representations and warranties of the Credit Parties contained in Article VI of the
Credit Agreement, or that are contained in any document furnished at any time under or in
connection with the Credit Documents, are true and correct in all material respects on and as of
the date hereof, except to the extent that such representations and warranties specifically refer
to an earlier date, in which case they are true and correct in all material respects as of such
earlier date, and except that for purposes of this Compliance Certificate, the representations and
warranties contained in subsections (a) and (b) of Section 6.05 of the Credit Agreement shall be
deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b),
respectively, of Section 7.01 of the Credit Agreement, including the statements in connection with
which this Compliance Certificate is delivered.

     5. The financial covenant and other covenant compliance analyses and information set forth on
Schedule [1][2] attached hereto are true and accurate on and as of the date of this
Compliance Certificate. The Borrowers are [not] in compliance with each of the financial covenants
contained in Section 8.11 of the Credit Agreement.

     [6. Set forth below is a summary of all material changes in GAAP or in the consistent
application thereof during the most recent fiscal quarter ending prior to the date hereof and a
reconciliation between calculation of the financial covenants (and determination of the applicable
pricing level under the definition of “Applicable Percentage”) before and after giving effect to
such changes:]

	 	 	 	 	 	 	 
	 	 	EURONET WORLDWIDE, INC.,

a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 

 

 

[Schedule 1

to Compliance Certificate

FINANCIAL STATEMENTS AND RELATED DELIVERIES

(attached)]

 

 

Schedule [1][2]

to Compliance Certificate

COVENANT CALCULATIONS

 

 

Exhibit 7.13

FORM OF JOINDER AGREEMENT

     THIS JOINDER AGREEMENT (this “Agreement”), dated as of                      ___, 20___, is by and
among the undersigned Borrowers,                     , a                                           (the “New
Subsidiary”), and Bank of America, N.A., in its capacity as Administrative Agent and [Domestic]
[F/X] [India] Collateral Agent under that certain Credit Agreement, dated as of April 4, 2007 (as
amended, restated, increased, supplemented or otherwise modified from time to time, the “Credit
Agreement”) among Euronet Worldwide, Inc., a Delaware corporation, and certain other
Subsidiaries and Affiliates, as Borrowers, certain Subsidiaries and Affiliates, as Guarantors, the
lenders from time to time party thereto (the “Lenders”) and Bank of America, N.A., as
administrative agent (in such capacity, the “Administrative Agent”). Capitalized terms
used but not otherwise defined herein have the meanings provided in the Credit Agreement.

     Pursuant to the terms and conditions of Section 7.13 of the Credit Agreement, the New
Subsidiary is required to become a [Domestic] [F/X] [India] Guarantor.

     Accordingly, the New Subsidiary and the undersigned Borrowers hereby agree with the
Administrative Agent, for the benefit of the Lenders, as follows:

     1. The New Subsidiary hereby acknowledges, agrees and confirms that, by its execution of this
Agreement, the New Subsidiary will be deemed to be a party to the Credit Agreement and a [Domestic]
[F/X] [India] Guarantor for all purposes of the Credit Agreement, and shall have all of the
obligations of a [Domestic] [F/X] [India] Guarantor thereunder as if it had executed the Credit
Agreement. The New Subsidiary hereby ratifies, as of the date hereof, and agrees to be bound by,
all of the terms, provisions and conditions applicable to the [Domestic] [F/X] [India] Guarantor
contained in the Credit Agreement. Without limiting the generality of the foregoing terms of this
paragraph 1, the New Subsidiary hereby (i) [jointly and severally] [severally, and not
jointly and severally] together with the other [Domestic] [F/X] [India] Guarantor, guarantees to
each holder of the [Domestic] [F/X] [India] Obligations, as provided in the applicable Guaranty,
the prompt payment and performance of the [Domestic] [F/X] [India] Obligations in full when due
(whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) strictly in
accordance with the terms thereof.

     [2. The New Subsidiary hereby acknowledges, agrees and confirms that, by its execution of this
Agreement, the New Subsidiary will be deemed to be a party to the [Domestic] [F/X] [India] Security
Agreement, and shall have all the obligations of a [“Grantor”] (as such term is defined in the
[Domestic] [F/X] [India] Security Agreement) thereunder as if it had executed the [Domestic] [F/X]
[India]Security Agreement. The New Subsidiary hereby ratifies, as of the date hereof, and agrees
to be bound by, all of the terms, provisions and conditions contained in the [Domestic] [F/X]
[India] Security Agreement. Without limiting generality of the foregoing terms of this
paragraph 2, the New Subsidiary hereby grants to the [Domestic] [F/X] [India] Collateral
Agent, for the benefit of the Lenders, a continuing security interest in, and a right of set off
against any and all right, title and interest of the New Subsidiary in and to the [Collateral] (as
such term is defined in Section ___of the [Domestic] [F/X] [India] Security Agreement) of the New
Subsidiary. The New Subsidiary hereby represents and warrants to the Administrative Agent and each
Lender that:

     (a) The New Subsidiary’s chief executive office and chief place of business are (and
for the prior four (4) months have been) located at the locations set forth on Schedule
2(a) attached hereto and the New Subsidiary keeps its books and records at such
locations.

 

 

     (b) The type of [Collateral] (as such term is defined in Section ___of the [Domestic]
[F/X] [India] Security Agreement) owned by the New Subsidiary owned by the New Subsidiary is
as shown on Schedule 2(b) attached hereto.

     (c) The New Subsidiary’s legal name is as shown in this Agreement and the New
Subsidiary has not in the past four (4) months changed its name, been party to a merger,
consolidation or other change in structure or used any tradename except as set forth in
Schedule 2(c) attached hereto.

     (d) The patents and trademarks listed on Schedule 2(d) attached hereto
constitute all of the registrations and applications for the patents and trademarks owned by
the New Subsidiary.]

     [3. To the extent required pursuant to Section 7.13 of the Credit Agreement, the New
Subsidiary hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the
New Subsidiary will be deemed to be a party to the [Domestic] [F/X] [India] Pledge Agreement, and
shall have all the obligations of a “Pledgor” thereunder as if it had executed the [Domestic] [F/X]
[India] Pledge Agreement. The New Subsidiary hereby ratifies, as of the date hereof, and agrees to
be bound by, all the terms, provisions and conditions contained in the [Domestic] [F/X] [India]
Pledge Agreement. Without limiting the generality of the foregoing terms of this paragraph
[3], the New Subsidiary hereby pledges and assigns to the [Domestic] [F/X] [India] Collateral
Agent, for the benefit of the Lenders, and grants to the [Domestic] [F/X] [India] Collateral Agent,
for the benefit of the [Domestic] [F/X] [India] Revolving Lenders, a continuing security interest
in any and all right, title and interest of the New Subsidiary in and to [Pledged Shares]
(hereinafter, as such term is defined in Section ___of the [Domestic] [F/X] [India] Pledge
Agreement) listed on Schedule 3 attached hereto and the other [Pledged Collateral ]
(hereinafter, as such term is defined in Section ___of the Pledge Agreement).]

     [4.                      hereby agrees that the [Pledged Shares] representing the applicable
Borrower’s ownership interest in the New Subsidiary and as set forth on Schedule 4 hereto
shall be deemed to be part of the [Pledged Shares] within the meaning of the [Domestic] [F/X]
[India] Pledge Agreement, shall become part of the [Pledged Collateral] and shall secure all of the
[Secured Obligations] (hereinafter, as defined in the [Domestic] [F/X] [India] Pledge Agreement) as
provided in the [Domestic] [F/X] [India] Pledge Agreement. In furtherance of the foregoing,
                     hereby grants, pledges and assigns to the [Domestic] [F/X] [India] Collateral Agent,
for the benefit of the Lenders, a continuing security interest in, and a right of set off against,
any and all right, title and interest of                      in and to such [Pledged Shares] and all other
[Pledged Collateral] relating thereto to secure the prompt payment and performance in full when
due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the [Secured
Obligations].]

     5. The address of the New Subsidiary for purposes of all notices and other communications is
as follows:

          [Address]

     6. The New Subsidiary hereby waives acceptance by the Administrative Agent and the Lenders of
the guaranty by the New Subsidiary under Article IV of the Credit Agreement or any other Guaranty
upon the execution of this Agreement by the New Subsidiary.

     7. This Agreement may be executed in counterparts (and by the different parties hereto in
different counterparts), each of which shall constitute an original, but all of which when taken
together shall constitute a single contract.

 

 

     8. This Agreement shall be governed by, and construed and interpreted in accordance with, the
laws of the State of New York.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

 

     IN WITNESS WHEREOF, the New Subsidiary has caused this Joinder Agreement to be duly executed
by its authorized officer, and the [Domestic] [F/X] [India] Collateral Agent, for the benefit of
the Lenders, has caused the same to be accepted by its authorized officer, as of the day and year
first above written.

	 	 	 	 	 
	NEW SUBSIDIARY:	 	[NEW SUBSIDIARY]

a                     
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	[DOMESTIC BORROWERS:	 	EURONET WORLDWIDE, INC.
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	EURONET PAYMENTS & REMITTANCES, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	[DESIGNATED BORROWER]
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]	 	 
	 
	 	 	 	 
	[F/X BORROWER[S]:	 	EFT SERVICES HOLDINGS BV
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 	 	DELTA EURONET GmbH
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 

 

 

	 	 	 	 	 
	 	 	E-PAY HOLDINGS LTD
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	[[DESIGNATED BORROWER]
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]]	 	 
	 
	 	 	 	 
	[INDIA BORROWER[S]:	 	EURONET SERVICES INDIA PVT LTD.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]	 	 
	 
	 	 	 	 
	 	 	[DESIGNATED BORROWER]
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:]	 	 

Acknowledged and accepted:

BANK OF AMERICA, N.A., as Administrative Agent

	 	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 

 

 

Exhibit 11.06

FORM OF ASSIGNMENT AND ASSUMPTION

     This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the
Effective Date set forth below and is entered into by and between [the][each] Assignor identified
in item 1 below ([the][each, an] “Assignor”) and [the][each] Assignee identified in item 2
below ([the][each, an] “Assignee”). [It is understood and agreed that the rights and
obligations of [the Assignors][the Assignees] hereunder are several and not joint.] Capitalized
terms used but not defined herein shall have the meanings given to them in the Credit Agreement
identified below (the “Credit Agreement”), receipt of a copy of which is hereby
acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached
hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment
and Assumption as if set forth herein in full.

     For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the
Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and
assumes from [the Assignor][the respective Assignors], subject to and in accordance with the
Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the
Administrative Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’]
rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under
the Credit Agreement and any other documents or instruments delivered pursuant thereto to the
extent related to the amount and percentage interest identified below of all of such outstanding
rights and obligations of [the Assignor][the respective Assignors] under the respective facilities
identified below (including, without limitation, the [Domestic] [F/X] [India] Letters of Credit
[and the Domestic Swingline Loans] included in such facilities) and (ii) to the extent permitted to
be assigned under applicable law, all claims, suits, causes of action and any other right of [the
Assignor (in its capacity as a Lender)][the respective Assignors (in their respective capacities as
Lenders)] against any Person, whether known or unknown, arising under or in connection with the
Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan
transactions governed thereby or in any way based on or related to any of the foregoing, including,
but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all
other claims at law or in equity related to the rights and obligations sold and assigned pursuant
to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to
[the][any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as
[the][an] “Assigned Interest”). Each such sale and assignment is without recourse to
[the][any] Assignor and, except as expressly provided in this Assignment and Assumption, without
representation or warranty by [the][any] Assignor.

	 	 	 	 	 	 	 
	1.

	 	Assignor[s]:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	2.

	 	Assignee[s]:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 	 	[for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]]
	 
	 	 	 	 	 	 
	3.

	 	Borrower(s):	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	4.	 	Administrative Agent: Bank of America, N.A., as the administrative agent under the
Credit Agreement

 

 

	 	 	 	 	 	 	 
	5.	 	Credit Agreement: Credit Agreement, dated as of April 4, 2007, among Euronet
Worldwide, Inc. and certain Subsidiaries and Affiliates, as Borrowers, the Lenders from time
to time party thereto, and Bank of America, N.A., as Administrative Agent.
	 
	 	 	 	 	 	 
	6.	 	Assigned Interest[s]:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Aggregate	 	 	 	 	 	Percentage	 	 
	 	 	 	 	 	 	 	 	 	 	Amount of	 	Amount of	 	Assigned of	 	 
	 	 	 	 	 	 	Facility	 	Commitment/Loans	 	Commitment/Loans	 	Commitment/	 	CUSIP
	Assignor[s]	 	Assignee[s]	 	Assigned 1	 	for all Lenders 2	 	Assigned	 	Loans 3	 	Number
	 
	 	 	 	 	 	 	                    	 	 	$	                    	 	 	$	                    	 	 	 	                     	%	 	 	 	 
	 
	 	 	 	 	 	 	                    	 	 	$	                    	 	 	$	                    	 	 	 	                     	%	 	 	 	 
	 
	 	 	 	 	 	 	                    	 	 	$	                    	 	 	$	                    	 	 	 	                     	%	 	 	 	 

[7. Trade Date:                                         ]4

Effective Date: ___, 20___[TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE
THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

The terms set forth in this Assignment and Assumption are hereby agreed to:

	 	 	 	 	 	 	 
	 	 	ASSIGNOR

[NAME OF ASSIGNOR]	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	ASSIGNEE

[NAME OF ASSIGNEE]	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 

 

			
	1	 	Fill in Domestic Revolving Commitments,
F/X Revolving Commitments, India Revolving Commitments or Term Loan, as
applicable.
	 
	2	 	Amounts in this column and in the
column immediately to the right to be adjusted by the counterparties to take
into account any payments or prepayments made between the Trade Date and the
Effective Date.
	 
	3	 	Set forth, to at least 9 decimals, as a
percentage of the Commitment/Loans of all Lenders thereunder.
	 
	4	 	To be completed if the Assignor and the
Assignee intend that the minimum assignment amount is to be determined as of
the Trade Date.

 

 

[Consented to and]5 Accepted:

BANK OF AMERICA, N.A., as

  Administrative Agent

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

	 	 
	Name:
	 	 	 	 
	Title:
	 	 	 	 

[BANK OF AMERICA, N.A., as

  [Domestic] [F/X] [India] L/C Issuer and [Domestic][Other] Swingline Lender

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

	 	 
	Name:
	 	 	 	 
	Title:]
	 	 	 	 

[[INSERT APPLICABLE BORROWER(S)]

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

	 	 
	Name:
	 	 	 	 
	Title:]
	 	 	 	 

 

			
	5	 	To be added only if the consent of the
Administrative Agent is required by the terms of the Credit Agreement.

 

 

ANNEX 1 TO ASSIGNMENT AND ASSUMPTION

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AND ASSUMPTION

     1. Representations and Warranties.

     1.1 Assignor. [The][Each] Assignor (a) represents and warrants that (i) it is the
legal and beneficial owner of [the][[the relevant] Assigned Interest, (ii) [the][such] Assigned
Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full
power and authority, and has taken all action necessary, to execute and deliver this Assignment and
Assumption and to consummate the transactions contemplated hereby; and (b) assumes no
responsibility with respect to (i) any statements, warranties or representations made in or in
connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality,
validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral
thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or
any other Person obligated in respect of any Loan Document or (iv) the performance or observance by
the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective
obligations under any Loan Document.

     1.2. Assignee. [The][Each] Assignee (a) represents and warrants that (i) it has full
power and authority, and has taken all action necessary, to execute and deliver this Assignment and
Assumption and to consummate the transactions contemplated hereby and to become a Lender under the
Credit Agreement, (ii) it meets all the requirements to be an assignee under Section
11.06(b)(iii), (v) and (vi) of the Credit Agreement (subject to such consents,
if any, as may be required under Section 11.06(b)(iii) of the Credit Agreement), (iii) from
and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a
Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the
obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire
assets of the type represented by [the][such] Assigned Interest and either it, or the Person
exercising discretion in making its decision to acquire [the][such] Assigned Interest, is
experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement,
and has received or has been accorded the opportunity to receive copies of the most recent
financial statements delivered pursuant to Section 7.01 thereof, as applicable, and such other
documents and information as it deems appropriate to make its own credit analysis and decision to
enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it
has, independently and without reliance upon the Administrative Agent or any other Lender and based
on such documents and information as it has deemed appropriate, made its own credit analysis and
decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned
Interest, and (vii) if it is a Foreign Lender, attached hereto is any documentation required to be
delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by
[the][such] Assignee; and (b) agrees that (i) it will, independently and without reliance upon the
Administrative Agent, [the][any] Assignor or any other Lender, and based on such documents and
information as it shall deem appropriate at the time, continue to make its own credit decisions in
taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with
their terms all of the obligations which by the terms of the Loan Documents are required to be
performed by it as a Lender.

     2. Payments. From and after the Effective Date, the Administrative Agent shall make
all payments in respect of [the][each] Assigned Interest (including payments of principal,
interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to
but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have accrued
from and after the Effective Date.

 

 

     3. General Provisions. This Assignment and Assumption shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and assigns. This
Assignment and Assumption may be executed in any number of counterparts, which together shall
constitute one instrument. Delivery of an executed counterpart of a signature page of this
Assignment and Assumption by telecopy shall be effective as delivery of a manually executed
counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed
by, and construed in accordance with, the law of the State of New York.exv10w2

 

Exhibit 10.2

EURONET WORLDWIDE, INC.

2006 STOCK INCENTIVE PLAN

(Amended and Restated)

Approved by the Company’s stockholders on

May 18, 2006

i

 

EURONET WORLDWIDE, INC.

2006 STOCK INCENTIVE PLAN

(Amended and Restated)

I. INTRODUCTION

	1.01	 	Establishment. Euronet Worldwide, Inc., a corporation organized and existing under the laws
of the state of Delaware (the “Company”), hereby establishes the Euronet Worldwide, Inc. 2006
Stock Incentive Plan (the “Plan”) for certain current or prospective directors, officers, key
employees or outside consultants of the Company and its affiliates.
	 
	1.02	 	Purpose. The purpose of this Plan is to encourage Participants to acquire a proprietary and
vested interest in the growth and performance of the Company. The Plan is also designed to
assist the Company in attracting and retaining employees, non-employee directors and other
Participants by providing them with the opportunity to participate in the success and
profitability of the Company.
	 
	1.03	 	Duration. The Plan shall commence on the Effective Date and shall remain in effect, subject
to the right of the Board to amend or terminate the Plan at any time pursuant to Section 15
hereof, until all Shares subject to it shall have been issued, purchased or acquired according
to the Plan’s provisions. Unless the Plan shall be reapproved by the stockholders of the
Company and the Board renews the continuation of the Plan, no Awards shall be issued pursuant
to the Plan after the tenth (10th) anniversary of the Plan’s Effective Date.

II. DEFINITIONS

	2.01	 	The following terms shall have the meanings set forth below.

	 	(a)	 	“1933 Act” means the Securities Act of 1933, as amended. Reference to a
specific section of the 1933 Act or regulation thereunder shall include such section or
regulation, any valid regulation promulgated under such section, and any comparable
provision of any future legislation or regulation amending, supplementing, or
superseding such section or regulation.
	 
	 	(b)	 	“1934 Act” means the Securities Exchange Act of 1934, as amended. Reference to
a specific section of the 1934 Act or regulation thereunder shall include such section
or regulation, any valid regulation promulgated under such section, and any comparable
provision of any future legislation or regulation amending, supplementing, or
superseding such section or regulation.
	 
	 	(c)	 	“Affiliate” of the Company means any person, corporation, partnership,
association or other business or professional entity that directly, or indirectly
through one or more intermediaries, Controls or is Controlled by, or is under common
Control with the Company.

 

 

	 	(d)	 	“Award” means a grant made under this Plan in any form which may include but is
not limited to Stock Options, Restricted Stock, Restricted Stock Units, Performance
Shares, Bonus Shares, Stock Appreciation Rights and Performance Units.
	 
	 	(e)	 	“Award Agreement” means a written agreement or instrument between the Company
and a Holder evidencing an Award.
	 
	 	(f)	 	“Beneficiary” means the person, persons, trust or trusts which have been
designated by a Holder in his or her most recent written beneficiary designation filed
with the Company to receive the benefits specified under this Plan upon the death of
the Holder, or, if there is no designated Beneficiary or surviving designated
Beneficiary, then the person, persons, trust or trusts entitled by will or the laws of
descent and distribution to receive such benefits.
	 
	 	(g)	 	“Board” means the Board of Directors of the Company.
	 
	 	(h)	 	“Bonus Shares” means the Shares granted to a Participant in accordance with
Section 10.
	 
	 	(i)	 	“Cause” means, unless otherwise defined in an Award Agreement,

	 	(i)	 	Participant’s conviction of, plea of guilty to, or plea of nolo
contendere to a felony or other crime that involves fraud or dishonesty,
	 
	 	(ii)	 	any willful action or omission by a Participant which would
constitute grounds for immediate dismissal under the employment policies of the
Company by which Participant is employed, including but not limited to
intoxication with alcohol or illegal drugs while on the premises of the
Company, or violation of sexual harassment laws or the internal sexual
harassment policy of the Company by which Participant is employed,
	 
	 	(iii)	 	Participant’s habitual neglect of duties, including but not
limited to repeated absences from work without reasonable excuse, or
	 
	 	(iv)	 	Participant’s willful and intentional material misconduct in
the performance of his duties that results in financial detriment to the
Company;

	 	 	 	provided, however, that for purposes of clauses (ii), (iii) and (iv), Cause shall
not include any one or more of the following: bad judgment, negligence or any act
or omission believed by the Participant in good faith to have been in or not opposed
to the interest of the Company (without intent of the Participant to gain, directly
or indirectly, a profit to which the Participant was not legally entitled). A
Participant who agrees to resign from his affiliation with the Company in lieu of
being terminated for Cause may be deemed to have been terminated for Cause for
purposes of this Plan.

2

 

	 	(j)	 	“Change in Control” means the first to occur of the following events:

	 	(i)	 	Any Person is or becomes the Beneficial Owner (within the
meaning set forth in Rule 13d-3 under the 1934 Act), directly or indirectly, of
securities of the Company (not including in the securities beneficially owned
by such Person any securities acquired directly from the Company or its
Affiliates) representing 50% or more of the combined voting power of the
Company’s then outstanding securities, excluding any Person who becomes such a
Beneficial Owner in connection with a transaction described in clause (x) of
paragraph (iii) of this Section 2.01(j); or
	 
	 	(ii)	 	The following individuals cease for any reason to constitute a
majority of the number of directors then serving: individuals who, on the
Effective Date, constitute the Board and any new director (other than a
director whose initial assumption of office is in connection with an actual or
threatened election contest, including but not limited to a consent
solicitation, relating to the election of directors of the Company) whose
appointment or election by the Board or nomination for election by the
Company’s stockholders was approved by a vote of at least two-thirds of the
directors then still in office who either were directors on the date hereof or
whose appointment, election or nomination for election was previously so
approved or recommended; or
	 
	 	(iii)	 	There is consummated a merger or consolidation of the Company
with any other corporation, OTHER THAN (x) a merger or consolidation which
would result in the voting securities of the Company outstanding immediately
prior to such merger or consolidation continuing to represent (either by
remaining outstanding or by being converted into voting securities of the
surviving entity or any parent thereof), in combination with the ownership of
any trustee or other fiduciary holding securities under an employee benefit
plan of the Company at least 50% of the combined voting power of the securities
of the Company or such surviving entity or any parent thereof outstanding
immediately after such merger or consolidation, or (y) a merger or
consolidation effected to implement a recapitalization of the Company (or
similar transaction) in which no Person is or becomes the Beneficial Owner,
directly or indirectly, of securities of the Company (not including in the
securities beneficially owned by such Person any securities acquired directly
from the Company or its Affiliates other than in connection with the
acquisition by the Company or its Affiliates of a business) representing 50% or
more of the combined voting power of the Company’s then outstanding securities;
or
	 
	 	(iv)	 	The stockholders of the Company approve a plan of complete
liquidation or dissolution of the Company or there is consummated an agreement
for the sale or disposition by the Company of all or substantially all of the
Company’s assets, other than a sale or disposition by the Company of all

3

 

	 	 	 	or substantially all of the Company’s assets to an entity, at least 50% of the
combined voting power of the voting securities of which are owned by
stockholders of the Company in substantially the same proportions as their
ownership of the Company immediately prior to such sale.

	 	 	 	Notwithstanding the foregoing, a “Change in Control” shall not be deemed to have
occurred by virtue of the consummation of any transaction or series of integrated
transactions immediately following which the record holders of the Company’s common
stock immediately prior to such transaction or series of transactions continue to
have substantially the same proportionate ownership in an entity which owns all or
substantially all of the Company’s assets immediately following such transaction or
series of transactions.
	 
	 	(k)	 	“Code” means the Internal Revenue Code of 1986, as it may be amended from time
to time, and the rules and regulations promulgated thereunder.
	 
	 	(l)	 	“Committee” means (i) the Board, or (ii) one or more committees of the Board to
whom the Board has delegated all or part of its authority under this Plan.
	 
	 	(m)	 	“Company” means Euronet Worldwide, Inc., a Delaware corporation, and any
successor thereto.
	 
	 	(n)	 	“Control” means the possession, directly or indirectly, of the power to direct
or cause the direction of the management and policies of a person, whether through the
ownership of voting securities, by contract or otherwise.
	 
	 	(o)	 	“Covered Employee” means an Employee that meets the definition of “covered
employee” under section 162(m)(3) of the Code, or any successor provision thereto.
	 
	 	(p)	 	“Date of Grant” or “Grant Date” means, with respect to any Award, the date as
of which such Award is granted under the Plan.
	 
	 	(q)	 	“Disabled” or “Disability” means an individual (i) is unable to engage in any
substantial gainful activity by reason of any medically determinable physical or mental
impairment which can be expected to result in death or can be expected to last for a
continuous period of not less than twelve (12) months or (ii) is, by reason of any
medically determinable physical or mental impairment which can be expected to result in
death or can be expected to last for a continuous period of not less than twelve (12)
months, receiving income replacement benefits for a period of not less than 3 months
under a Company-sponsored accident and health plan. Notwithstanding the above, with
respect to an Incentive Stock Option and the period after time following a separation
from service a Holder has to exercise such Incentive Stock Option, “disabled” shall
have the same meaning as defined in Code section 22(e)(3).

4

 

	 	(r)	 	“Effective Date” means May 18, 2006, such date being the date this Plan was
approved by the Company’s stockholders.
	 
	 	(s)	 	“Eligible Employees” means key employees (including, without limitations,
officers and directors who are also employees) of the Company or an Affiliate upon
whose judgment, initiative and efforts the Company is, or will be, important to the
successful conduct of its business.
	 
	 	(t)	 	“Executive Officer” means (i) the president of the Company, any vice president
of the Company in charge of a principal business unit, division or function (such as
sales, administration, or finance), any other officer who performs a policy making
function or any other person who performs similar policy making functions for the
Company and (ii) Executive Officers (as defined in part (i) of this definition) of
subsidiaries of the Company who perform policy making functions for the Company.
	 
	 	(u)	 	“Fair Market Value” means, as of any date, the value of the Stock determined in
good faith, from time to time, by the Committee in its sole discretion and the
Committee may adopt such formulas as in its opinion shall reflect the true fair market
value of such stock from time to time and may rely on such independent advice with
respect to such fair market value as the Committee shall deem appropriate. In the
event that the Shares of the Company are traded on a national securities exchange, the
Committee may determine that the Fair Market Value of the Stock shall be based upon the
last sale before or the first sale after the Grant Date, the closing price on the
trading day before or the trading day of the grant, or any other reasonable basis using
actual transactions in such Stock as reported in The Wall Street Journal and
consistently applied. The determination of Fair Market Value also may be based upon an
average selling price during a specified period that is within 30 days before or 30
days after the Grant Date, provided that the commitment to grant the stock right based
on such valuation method must be irrevocable before the beginning of the specified
period, and such valuation method must be used consistently for grants of stock rights
under the same and substantially similar programs.
	 
	 	(v)	 	“Freestanding SAR” means any SAR that is granted independently of any Option.
	 
	 	(w)	 	“Good Reason” shall mean any of the following events, which has not been either
consented to in advance by the Participant in writing or cured by the Company within a
reasonable period of time not to exceed 20 days after the Participant provides written
notice thereof: (i) the requirement that the Participant’s principal service for the
Company be performed more than 30 miles from the Participant’s primary office as of the
effective date of a Change in Control, (ii) other than as part of an across-the-board
reduction affecting all similarly-situated employees, a material reduction in the
Participant’s base compensation in effect immediately before the Change in Control;
(iii) other than as part of an across-the-board reduction affecting all
similarly-situated employees, the failure by the Company to
continue to provide the Participant with the same level of overall compensation

5

 

	 	 	 	and
benefits provided immediately before the Change in Control, or the taking of any
action by the Company which would directly or indirectly reduce any of such benefits
or deprive the Participant of any material fringe benefit; (iv) the assignment to
the Participant of duties and responsibilities materially different from those
associated with his position immediately before the Change in Control; or (v) a
material diminution or reduction, on or after a Change in Control, in the
Participant’s responsibilities or authority, including reporting responsibilities in
connection with the Participant’s service with the Company.
	 
	 	(x)	 	“Holder” means a Participant, Beneficiary or Permitted Transferee who is in
possession of an Award Agreement representing an Award that (i) in the case of a
Participant has been granted to such individual, (ii) in the case of a Beneficiary has
transferred to such person under the laws of descent and distribution or (iii) in the
case of a Permitted Transferee, has been transferred to such person as permitted by the
Committee, and such Award Agreement has not expired, been canceled or terminated.
	 
	 	(y)	 	“Incentive Stock Option” means any Option designated as such and granted in
accordance with the requirements of section 422 of the Code or any successor provisions
thereto.
	 
	 	(z)	 	“Nonqualified Stock Option” means any Option to purchase Shares that is not an
Incentive Stock Option.
	 
	 	(aa)	 	“Option” means a right to purchase Stock at a stated price for a specified
period of time. Such definition includes both Nonqualified Stock Options and Incentive
Stock Options.
	 
	 	(bb)	 	“Option Agreement” or “Option Award Agreement” means a written agreement or
instrument between the Company and a Holder evidencing an Option.
	 
	 	(cc)	 	“Option Exercise Price” means the price at which Shares subject to an Option
may be purchased, determined in accordance with Section 6.02(b).
	 
	 	(dd)	 	“Option Holder” shall have the meaning as set forth in Section 6.02. For the
avoidance of any doubt, in situations where the Option has been transferred to a
Permitted Transferee or passed to a Beneficiary in accordance with the laws of descent
and distribution, the Option Holder will not be the same person as the Holder of the
Option.
	 
	 	(ee)	 	“Participant” means a Service Provider of the Company designated by the
Committee from time to time during the term of the Plan to receive one or more Awards
under the Plan.
	 
	 	(ff)	 	“Performance Period” means the period of time as specified by the Committee
over which Performance Units are to be earned.

6

 

	 	(gg)	 	“Performance Shares” means an Award made pursuant to Section 9 which entitles a
Holder to receive Shares, their cash equivalent, or a combination thereof based on the
achievement of performance targets during a Performance Period.
	 
	 	(hh)	 	“Performance Units” means an Award made pursuant to Section 9 which entitles a
Holder to receive cash, Stock or a combination thereof based on the achievement of
performance targets during a Performance Period.
	 
	 	(ii)	 	“Person” shall have the meaning ascribed to such term in Section 3(a)(9) of the
1934 Act and used in Sections 13(d) and 14(d) thereof, including “group” as defined in
Section 13(d) thereof.
	 
	 	(jj)	 	“Plan” means the Euronet Worldwide, Inc. 2006 Stock Incentive Plan, as set
forth in this instrument and as hereafter amended from time to time.
	 
	 	(kk)	 	“Plan Year” means each 12-month period beginning January 1 and ending the
following December 31, except that for the first year of the Plan it shall begin on the
Effective Date and extend to December 31 of that year.
	 
	 	(ll)	 	“Restricted Stock” means Stock granted under Section 8 that is subject those
restrictions set forth therein and the Award Agreement.
	 
	 	(mm)	 	“Restricted Stock Unit” means an Award granted under Section 8 evidencing the
Holder’s right to receive a Share (or cash payment equal to the Fair Market Value of a
Share) at some future date.
	 
	 	(nn)	 	“Rule 16b-3” means Rule 16b-3 promulgated under the 1934 Act, and any future
regulation amending, supplementing, or superseding such regulation.
	 
	 	(oo)	 	“SAR” or “Stock Appreciation Right” means an Award, granted either alone or in
connection with an Option, that is designated as a SAR pursuant to Section 7.
	 
	 	(pp)	 	“SAR Holder” shall have the meaning as set forth in Section 7.02.
	 
	 	(qq)	 	“Section 16 Person” means a Person who is subject to obligations under section
16 of the 1934 Act with respect to transactions involving equity securities of the
Company.
	 
	 	(rr)	 	“Service Provider” means an Eligible Employee, non-employee director, officer,
or outside consultant of the Company or any Subsidiary, as well as to any prospective
director, officer, employee, or outside consultant of the Company or any Subsidiary.
	 
	 	(ss)	 	“Share” means a share of Stock.
	 
	 	(tt)	 	“Stock” means authorized and issued or unissued common stock of the Company, at
such par value as may be established from time to time.

7

 

	 	(uu)	 	“Subsidiary” means (i) in the case of an Incentive Stock Option a “subsidiary
corporation,” whether now or hereafter existing, as defined in section 424(f) of the
Code, and (ii) in the case of any other type of Award, in addition to a subsidiary
corporation as defined in (i), a limited liability company, partnership or other entity
in which the Company controls fifty percent (50%) or more of the voting power or equity
interests.
	 
	 	(vv)	 	“Tandem SAR” means a SAR which is granted in connection with, or related to, an
Option, and which requires forfeiture of the right to purchase an equal number of
Shares under the related Option upon the exercise of such SAR; or alternatively, which
requires the cancellation of an equal amount of SARs upon the purchase of the Shares
subject to the Option.
	 
	 	(ww)	 	“Vested Option” means any Option, or portion thereof, which is fully
exercisable by the Holder. Vested Options remain exercisable only for that period of
time as provided for under this Plan and any applicable Option Award Agreement. Once a
Vested Option is no longer exercisable after otherwise having been exercisable, the
Option shall become null and void.

	2.02	 	Gender and Number. Except when otherwise indicated by the context, the masculine gender
shall also include the feminine gender, and the definition of any term herein in the singular
shall also include the plural.

III. PLAN ADMINISTRATION

	3.01	 	Composition of Committee. The Plan shall be administered by the Committee. To the extent
the Board considers it desirable for transactions relating to Awards to be eligible to qualify
for an exemption under Rule 16b-3, the Committee shall consist of two or more directors of the
Company, all of whom qualify as “non-employee directors” within the meaning of Rule 16b-3. To
the extent the Board considers it desirable for compensation delivered pursuant to Awards to
be eligible to qualify for an exemption from the limit on tax deductibility of compensation
under section 162(m) of the Code, the Committee shall consist of two or more directors of the
Company, all of whom shall qualify as “outside directors” within the meaning of Code section
162(m).
	 
	3.02	 	Authority of Committee. Subject to the terms of the Plan and applicable law, and in addition
to other express powers and authorizations conferred on the Committee by the Plan, the
Committee shall have full power and authority to:

	 	(a)	 	select the Service Providers to whom Awards may from time to time be granted
hereunder;
	 
	 	(b)	 	determine the type or types of Awards to be granted to eligible Service
Providers;
	 
	 	(c)	 	determine the number of Shares to be covered by, or with respect to which
payments, rights, or other matters are to be calculated in connection with, Awards;

8

 

	 	(d)	 	determine the terms and conditions of any Award;
	 
	 	(e)	 	determine whether, and to what extent, and under what circumstances Awards may
be settled or exercised in cash, Shares, other securities, other Awards or other
property;
	 
	 	(f)	 	determine whether, and to what extent, and under what circumstance Awards may
be canceled, forfeited, or suspended and the method or methods by which Awards may be
settled, exercised, canceled, forfeited, or suspended;
	 
	 	(g)	 	correct any defect, supply an omission, reconcile any inconsistency and
otherwise interpret and administer the Plan and any instrument or Award Agreement
relating to the Plan or any Award hereunder;
	 
	 	(h)	 	accelerate the exercisability of any Option, the vesting of any Restricted
Shares or otherwise remove any restriction on any Award such that the Award becomes
fully payable;
	 
	 	(i)	 	modify and amend the Plan, establish, amend, suspend, or waive such rules,
regulations and procedures of the Plan, and appoint such agents as it shall deem
appropriate for the proper administration of the Plan; and
	 
	 	(j)	 	make any other determination and take any other action that the Committee deems
necessary or desirable for the administration of the Plan.

	3.03	 	Committee Delegation. The Committee may delegate to any member of the Board or committee of
Board members such of its powers as it deems appropriate, including the power to sub-delegate,
except that only a member of the Board (or a committee thereof) may grant Awards from time to
time to specified categories of Service Providers in amounts and on terms to be specified by
the Board; provided that no such grants shall be made other than by the Board or the Committee
to individuals who are then Section 16 Persons or other than by the Committee to individuals
who are then or are deemed likely to become a “covered employee” within the meaning of Code
section 162(m). A majority of the members of the Committee may determine its actions and fix
the time and place of its meetings.
	 
	3.04	 	Determination Under the Plan. Unless otherwise expressly provided in the Plan, all
designations, determinations, adjustments, interpretations, and other decisions under or with
respect to the Plan, any Award or Award Agreement shall be within the sole discretion of the
Committee, may be made at any time and shall be final, conclusive, and binding upon all
persons, including the Company, any Participant, any Holder, and any stockholder. No member of
the Committee shall be liable for any action, determination or interpretation made in good
faith, and all members of the Committee shall, in addition to their rights as directors, be
fully protected by the Company with respect to any such action, determination or
interpretation.

9

 

IV. STOCK SUBJECT TO THE PLAN

	4.01	 	Number of Shares. Subject to adjustment as provided in Section 4.03 and subject to the
maximum amount of Shares that may be granted to an individual in a calendar year as set forth
in Section 5.05, no more than a total of Four Million (4,000,000) Shares are authorized for
issuance under the Plan in accordance with the provisions of the Plan and subject to such
restrictions or other provisions as the Committee may from time to time deem necessary. Any
Shares issued hereunder may consist, in whole or in part, of authorized and unissued shares or
treasury shares. The Shares may be divided among the various Plan components as the Committee
shall determine. Shares that are subject to an underlying Award and Shares that are issued
pursuant to the exercise of an Award shall be applied to reduce the maximum number of Shares
remaining available for use under the Plan. The Company shall at all times during the term of
the Plan and while any Awards are outstanding retain as authorized and unissued Stock, or as
treasury Stock, at least the number of Shares from time to time required under the provisions
of the Plan, or otherwise assure itself of its ability to perform its obligations hereunder.
	 
	4.02	 	Unused and Forfeited Stock. Any Shares that are subject to an Award under this Plan that are
not used because the terms and conditions of the Award are not met, including any Shares that
are subject to an Award that expires or is terminated for any reason, any Shares that are used
for full or partial payment of the purchase price of Shares with respect to which an Option is
exercised and any Shares retained by the Company pursuant to Section 16.02 shall automatically
become available for use under the Plan. Notwithstanding the foregoing, any Shares used for
full or partial payment of the purchase price of the Shares with respect to which an Option is
exercised and any Shares retained by the Company pursuant to Section 16.02 that were
originally Incentive Stock Option Shares must still be considered as having been granted for
purposes of determining whether the Share limitation provided for in Section 4.01 has been
reached for purposes of Incentive Stock Option grants.
	 
	4.03	 	Adjustment in Authorized Shares. If, without the receipt of consideration therefore by the
Company, the Company shall at any time increase or decrease the number of its outstanding
Shares or change in any way the rights and privileges of such Shares such as, but not limited
to, the payment of a stock dividend or any other distribution upon such Shares payable in
Stock, or through a stock split, subdivision, consolidation, combination, reclassification or
recapitalization involving the Stock, such that an adjustment is necessary in order to prevent
dilution or enlargement of the benefits or potential benefits intended to be made available
under the Plan, then in relation to the Shares that are affected by one or more of the above
events, the numbers, rights and privileges of (i) the Shares as to which Awards may be granted
under the Plan, (ii) the exercise or purchase price of each outstanding Award, and (iii) the
Shares then included in each outstanding Award granted hereunder, shall be increased,
decreased or changed in like manner, as if the Shares underlying the Award had been issued and
outstanding, fully paid and non assessable at the time of such occurrence. The manner in
which Awards are adjusted pursuant to this Section 4.03 is to be determined by the Board or
the Committee; provided that all adjustments must be determined by the Board or Committee

10

 

	 	 	in good faith, and must be effectuated so as to preserve the value
that any Participant has in outstanding Awards as
of the time of the event giving rise to any
potential dilution or enlargement of rights.
	 
	4.04	 	General Adjustment Rules.

	 	(a)	 	If any adjustment or substitution provided for in this Section 4 shall result
in the creation of a fractional Share under any Award, such fractional Share shall be
rounded to the nearest whole Share and fractional Shares shall not be issued.
	 
	 	(b)	 	In the case of any such substitution or adjustment affecting an Option or a SAR
(including a Nonqualified Stock Option) such substitution or adjustments shall be made
in a manner that is in accordance with the substitution and assumption rules set forth
in Treasury Regulations 1.424-1 and the applicable guidance relating to Code section
409A.

V. PARTICIPATION

	5.01	 	Basis of Grant. Participants in the Plan shall be those Service Providers, who, in the
judgment of the Committee, are performing, or during the term of their incentive arrangement
will perform, important services in the management, operation and development of the Company,
and significantly contribute, or are expected to significantly contribute, to the achievement
of long-term corporate economic objectives. Participants may also include Service Providers
who, in the Committee’s discretion, are entitled to receive Awards as an inducement to perform
services for the Company or any Subsidiary; provided that an Award Agreement may contain terms
and conditions providing for the termination of such inducement Award in the event that such
Service Provider is not retained to perform services for the Company with the period specified
therein.
	 
	5.02	 	Types of Grants; Limits. Participants may be granted from time to time one or more Awards;
provided, however, that the grant of each such Award shall be separately approved by the
Committee or its designee, and receipt of one such Award shall not result in the automatic
receipt of any other Award. Written notice shall be given to such Person, specifying the
terms, conditions, right and duties related to such Award. Under no circumstance shall
Incentive Stock Options be granted to (i) non-employee directors, (ii) Consultants, (iii) any
prospective non-employee director, employee or consultant, or (iv) any person not permitted to
receive Incentive Stock Options under the Code.
	 
	5.03	 	Award Agreements. Each Participant shall enter into an Award Agreement(s) with the Company,
in such form as the Committee shall determine and which is consistent with the provisions of
the Plan, specifying such terms, conditions, rights and duties. Unless otherwise explicitly
stated in the Award Agreement, Awards shall be deemed to be granted as of the date specified
in the grant resolution of the Committee, which date shall be the date of any related
agreement(s) with the Participant. Unless explicitly provided for in a particular Award
Agreement that the terms of the Plan are being superseded, in

11

 

	 	 	the event of any inconsistency between the provisions of the Plan and any such Award
Agreement(s) entered into hereunder, the provisions of the Plan shall govern.
	 
	5.04	 	Restrictive Covenants. The Committee may, in its sole and absolute discretion, place certain
restrictive covenants in an Award Agreement requiring the Participant to agree to refrain from
certain actions. Such Restrictive Covenants, if contained in the Award Agreement, will be
binding on the Participant.

	 	(a)	 	Maximum Annual Award. The maximum number of Shares with respect to which an
Award or Awards may be granted to any Participant in any one taxable year of the
Company (the “Maximum Annual Participant Award”) shall not exceed Four Hundred Thousand
(400,000) Shares (increased, proportionately, in the event of any stock split or stock
dividend with respect to the Shares). The Maximum Annual Participant Award shall
include any Bonus Shares that are paid to a Participant in a taxable year pursuant to
the achievement of one or more established and objective performance goals under the
Company’s Executive Annual Incentive Plan or pursuant to any other Company-sponsored
compensation plan or program. If an Option is in tandem with a SAR, such that the
exercise of the Option or SAR with respect to a Share cancels the tandem SAR or Option
right, respectively, with respect to each Share, the tandem Option and SAR rights with
respect to each Share shall be counted as covering but one Share for purposes of the
Maximum Annual Participant Award.

VI. STOCK OPTIONS

	6.01	 	Grant of Options. A Participant may be granted one or more Options. The Committee in its
sole discretion shall designate whether an Option is an Incentive Stock Option or a
Nonqualified Stock Option. The Committee may grant both an Incentive Stock Option and a
Nonqualified Stock Option to the same Participant at the same time or at different times.
Incentive Stock Options and Nonqualified Stock Options, whether granted at the same or
different times, shall be deemed to have been awarded in separate grants, shall be clearly
identified, and in no event shall the exercise of one Option affect the right to exercise any
other Option or affect the number of Shares for which any other Option may be exercised.
	 
	6.02	 	Option Agreements. Each Option granted under the Plan shall be evidenced by a written Option
Award Agreement which shall be entered into by the Company and the Participant to whom the
Option is granted (the “Option Holder”), and which shall contain the following terms and
conditions, as well as such other terms and conditions not inconsistent therewith, as the
Committee may consider appropriate in each case.

	 	(a)	 	Number of Shares. Each Option Award Agreement shall state that it covers a
specified number of Shares, as determined by the Committee. To the extent that the
aggregate Fair Market Value of Shares with respect to which Options designated as
Incentive Stock Options are exercisable for the first time by any Option Holder during
any calendar year exceeds $100,000 or, if different, the
maximum limitation in effect at the time of grant under section 422(d) of the

12

 

	 	 	 	Code,
or any successor provision, such Options in excess of such limit shall be treated as
Nonqualified Stock Options. The foregoing shall be applied by taking Options into
account in the order in which they were granted. For the purposes of the foregoing,
the Fair Market Value of any Share shall be determined as of the time the Option
with respect to such Share is granted. In the event the foregoing results in a
portion of an Option designated as an Incentive Stock Option exceeding the $100,000
limitation, only such excess shall be treated as a Nonqualified Stock Option.
	 
	 	(b)	 	Price. Each Option Award Agreement shall state the Option Exercise Price at
which each Share covered by an Option may be purchased. Such Option Exercise Price
shall be determined in each case by the Committee; provided, however, that the Option
Exercise Price for each Share covered by an Incentive Stock Option shall not be less
than the Fair Market Value of the Stock on the Option’s Grant Date and provided further
that the Incentive Stock Option granted to an Eligible Employee who then owns stock
possessing more than 10% of the total combined voting power of all classes of stock of
the Company or any parent or Subsidiary corporation of the Company must be at least
110% of the Fair Market Value of the Stock subject to the Incentive Stock Option on the
Option’s Grant Date.
	 
	 	(c)	 	Duration of Options. Each Option Award Agreement shall state the period of
time, determined by the Committee, within which the Option may be exercised by the
Option Holder (the “Option Period”). The Option Period must expire, in all cases, not
more than ten years from the Option’s Grant Date; provided, however, that the Option
Period of an Incentive Stock Option granted to an Eligible Employee who then owns Stock
possessing more than 10% of the total combined voting power of all classes of Stock of
the Company must expire not more than five years from the Option’s Grant Date. Each
Option Award Agreement shall also state the periods of time, if any, as determined by
the Committee, when incremental portions of each Option shall become exercisable. If
any Option or portion thereof is not exercised during its Option Period, such
unexercised portion shall be deemed to have been forfeited and have no further force or
effect. Due to Code section 409A’s treatment of an extension or renewal of an Option as
the granting of a new Option, the Committee shall not extend or renew the term of an
Option without the consent of the Holder.
	 
	 	(d)	 	Termination of Service, Death, Disability, etc. Each Option Agreement shall
state the period of time, if any, determined by the Committee, within which the Vested
Option may be exercised after an Option Holder ceases to be a Service Provider on
account of the Participant’s death, Disability, voluntary resignation, removal from the
Board or the Company having terminated such Option Holder’s employment with or without
Cause.
	 
	 	(e)	 	Transferability. Except as otherwise determined by the Committee, Options
shall not be transferable by the Option Holder except by will or pursuant to the laws
of descent and distribution. Each Vested Option shall be exercisable during the

13

 

	 	 	 	Option Holder’s lifetime only by him or her, or in the event of Disability or incapacity,
by his or her guardian or legal representative. Shares issuable pursuant to any
Option shall be delivered only to or for the account of the Option Holder, or in the
event of Disability or incapacity, to his or her guardian or legal representative.
	 
	 	(f)	 	Exercise, Payments, etc.

	 	(i)	 	Unless otherwise provided in the Option Award Agreement, each
Vested Option may be exercised by delivery to the Corporate Secretary of the
Company a written notice specifying the number of Shares with respect to which
such Option is exercised and payment of the Option Exercise Price. Such notice
shall be in a form satisfactory to the Committee or its designee and shall
specify the particular Vested Option that is being exercised and the number of
Shares with respect to which the Vested Option is being exercised. The exercise
of the Vested Option shall be deemed effective upon receipt of such notice by
the Corporate Secretary and payment to the Company. The purchase of such Stock
shall take place at the principal offices of the Company upon delivery of such
notice, at which time the purchase price of the Stock shall be paid in full by
any of the methods or any combination of the methods set forth in (ii) below.
	 
	 	(ii)	 	The Option Exercise Price shall be paid by any of the following
methods:

	 	1.	 	Cash or Certified bank check;
	 
	 	2.	 	By delivery to the Company of certificates
representing the number of Shares then owned by the Holder, the Fair
Market Value of which equals the purchase price of the Stock purchased
pursuant to the Vested Option, properly endorsed for transfer to the
Company; provided, however, that Shares used for this purpose must have
been held by the Holder for such minimum period of time as may be
established from time to time by the Committee; and provided further
that the Fair Market Value of any Shares delivered in payment of the
purchase price upon exercise of the Options shall be the Fair Market
Value as of the exercise date, which shall be the date of delivery of
the certificates for the Stock used as payment of the Option Exercise
Price.
	 
	 	 	 	In lieu of actually surrendering to the Company the stock
certificates representing the number of Shares then owned by the
Holder, the Committee may, in its discretion permit the Holder to
submit to the Company a statement affirming ownership by the Holder
of such number of Shares and request that such Shares, although not
actually surrendered, be deemed to have been
surrendered by the Holder as payment of the exercise price.

14

 

	 	3.	 	For any Holder other than an Executive Officer
or except as otherwise prohibited by the Committee, by payment through
a broker in accordance with procedures permitted by Regulation T of the
Federal Reserve Board.
	 
	 	4.	 	Any combination of the consideration provided
in the foregoing subsections (1), (2) and (3).

	 	(iii)	 	The Company shall not guarantee a third-party loan obtained by
a Holder to pay part or the entire Option Exercise Price of the Shares.

	 	(g)	 	Date of Grant. Unless otherwise specifically specified in the Option Award
Agreement, an option shall be considered as having been granted on the date specified
in the grant resolution of the Committee.
	 
	 	(h)	 	Withholding.

	 	(i)	 	Nonqualified Stock Options. Upon any exercise of a
Nonqualified Stock Options, the Option Holder shall make appropriate
arrangements with the Company to provide for the minimum amount of additional
withholding required by applicable federal and state income tax and payroll
laws, including payment of such taxes through delivery of Stock or by
withholding Stock to be issued under the Option, as provided in Section 16.
	 
	 	(ii)	 	Incentive Stock Options. In the event that an Option Holder
makes a disposition (as defined in section 424(c) of the Code) of any Stock
acquired pursuant to the exercise of an Incentive Stock Option prior to the
later of (a) the expiration of two years from the date on which the Incentive
Stock Option was granted or (b) the expiration of one year from the date on
which the Option was exercised, the Participant shall send written notice to
the Company at its principal office (Attention: Corporate Secretary) of the
date of such disposition, the number of shares disposed of, the amount of
proceeds received from such disposition, and any other information relating to
such disposition as the Company may reasonably request. The Option Holder
shall, in the event of such a disposition, make appropriate arrangements with
the Company to provide for the amount of additional withholding, if any,
required by applicable Federal and state income tax laws.

	 	(i)	 	Adjustment of Options. Subject to the limitations set forth below and those
contained in Sections 6 and 15, the Committee may make any adjustment in the Option
Exercise Price, the number of Shares subject to, or the terms of, an outstanding Option
and a subsequent granting of an Option by amendment or by
substitution of an outstanding Option. Such amendment, substitution, or re-grant
may result in terms and conditions (including Option Exercise Price, number of
Shares covered, vesting schedule or exercise period) that differ from the terms

15

 

	 	 	 	and conditions of the original Option. The Committee may not, however, adversely affect
the rights of any Option Holder to previously granted Options without the consent of
such Option Holder. If such action is affected by the amendment, the effective date
of such amendment shall be the date of the original grant. Any adjustment,
modification, extension or renewal of an Option shall be effected such that the
Option is either exempt from, or is compliant with, Code section 409A.

	6.03	 	Stockholder Privileges. No Holder shall have any rights as a stockholder with respect to any
Shares covered by an Option until the Holder becomes the holder of record of such Stock, and
no adjustments shall be made for dividends or other distributions or other rights as to which
there is a record date preceding the date such Holder becomes the holder of record of such
Stock, except as provided in Section 4.

VII. STOCK APPRECIATION RIGHTS

	7.01	 	Grant of SARs. Subject to the terms and conditions of this Plan, a SAR may be granted to a
Participant at any time and from time to time as shall be determined by the Committee in its
sole discretion. The Committee may grant Freestanding SARs or Tandem SARs, or any combination
thereof.

	 	(a)	 	Number of Shares. The Committee shall have complete discretion to determine
the number of SARs granted to any Participant, subject to the limitations imposed in
this Plan and by applicable law.
	 
	 	(b)	 	Exercise Price and Other Terms. The Committee, subject to the provisions of
this Plan, shall have complete discretion to determine the terms and conditions of SARs
granted under this Plan. The exercise price per Share of Tandem SARs shall equal the
exercise price per Share of the related Option. In no event shall a SAR granted to a
Section 16 Person become exercisable until at least six (6) months after the Date of
Grant or such shorter period as may be permissible while maintaining compliance with
Rule 16b-3.

	7.02	 	SAR Award Agreement. Each SAR granted under the Plan shall be evidenced by a written SAR
Award Agreement which shall be entered into by the Company and the Participant to whom the SAR
is granted (the “SAR Holder”), and which shall specify the exercise price per share, the terms
of the SAR, the conditions of exercise, and such other terms and conditions as the Committee
in its sole discretion shall determine.
	 
	7.03	 	Exercise of Tandem SARs. Tandem SARs may be exercised for all or part of the Shares subject
to the related Option upon the surrender of the right to exercise the equivalent portion of
the related Option. A Tandem SAR may be exercised only with respect to the Shares for which
its related Option is then exercisable. With respect to a Tandem SAR granted in connection
with an Incentive Stock Option: (a) the Tandem SAR shall expire
no later than the expiration of the underlying Incentive Stock Option; (b) the value of the
payout with respect to the Tandem SAR shall be for no more than one hundred percent (100%)
of the difference between the Exercise Price per Share of the underlying

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	 	 	Incentive Stock
Option and the Fair Market Value per Share of the Shares subject to the underlying
Incentive Stock Option at the time the Tandem SAR is exercised; and (c) the Tandem SAR shall be
exercisable only when the Fair Market Value per Share of the Shares subject to the Incentive
Stock Option exceeds the per share Option Price per Share of the Incentive Stock Option.
	 
	7.04	 	Exercise of Freestanding SARs. Freestanding SARs shall be exercisable on such terms and
conditions as the Committee in its sole discretion shall determine; provided, however, that no
Freestanding SAR granted to a Section 16 Person shall be exercisable until at least six (6)
months after the Date of Grant or such shorter period as may be permissible while maintaining
compliance with Rule 16b-3.
	 
	7.05	 	Expiration of SARs. A SAR granted under this Plan shall expire on the date set forth in the
SAR Award Agreement, which date shall be determined by the Committee in its sole discretion.
Unless otherwise specifically provided for in the SAR Award Agreement, a Freestanding SAR
granted under this Plan shall terminate according to the same rules under which a Nonqualified
Stock Option would terminate in the event of a SAR Holder’s termination of employment, death
or Disability as provided for in the SAR Award Agreement. Unless otherwise specifically
provided for in the SAR Award agreement, a Tandem SAR granted under this Plan shall be
exercisable at such time or times and only to the extent that the related Option is
exercisable. The Tandem SAR shall terminate and no longer be exercisable upon the termination
or exercise of the related Options, except that Tandem SARs granted with respect to less than
the full number of shares covered by a related Option shall not be reduced until the exercise
or termination of the related Option exceeds the number of Shares not covered by the SARs.
	 
	7.06	 	Payment of SAR Amount. Upon exercise of a SAR, a Holder shall be entitled to receive payment
from the Company in an amount determined by multiplying (i) the positive difference between
the Fair Market Value of a Share on the date of exercise over the exercise price per Share by
(ii) the number of Shares with respect to which the SAR is exercised. The payment upon a SAR
exercise may be in whole Shares of equivalent value, cash, or a combination of whole Shares
and cash. Fractional Shares shall be rounded down to the nearest whole Share.

VIII. AWARDS OF RESTRICTED STOCK AND RESTRICTED STOCK UNITS

	8.01	 	Restricted Stock Awards Granted by Committee. Coincident with or following designation for
participation in the Plan and subject to the terms and provisions of the Plan, the Committee,
at any time and from time to time, may grant Restricted Stock to any Service Provider in such
amounts as the Committee shall determine.
	 
	8.02	 	Restricted Stock Unit Awards Granted by Committee. Coincident with or following designation
for participation in the Plan and subject to the terms and provisions of the
Plan, The Committee may grant a Service Provider Restricted Stock Units, in connection with
or separate from a grant of Restricted Stock. Upon the vesting of Restricted Stock Units,
the Holder shall be entitled to receive the full value of the Restricted Stock Units payable
in either Shares or cash.

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	8.03	 	Restrictions. A Holder’s right to retain Shares of Restricted Stock or be paid with respect
to Restricted Stock Units shall be subject to such restrictions, including but not limited to,
him or her continuing to perform as a Service Provider for a restriction period specified by
the Committee, or the attainment of specified performance goals and objectives, as may be
established by the Committee with respect to such Award. The Committee may in its sole
discretion require different periods of service or different performance goals and objectives
with respect to (i) different Holders, (ii) different Restricted Stock or Restricted Stock
Unit Awards, or (iii) separate, designated portions of the Shares constituting a Restricted
Stock Award. Any grant of Restricted Stock or Restricted Stock Units shall contain terms such
that the Award is either exempt from Code section 409A or complies with such section.
	 
	8.04	 	Privileges of a Stockholder, Transferability. Unless otherwise provided in the Award
Agreement, a Participant shall have all voting, dividend, liquidation and other rights with
respect to Shares of Restricted Stock, provided however that any dividends paid on Shares of
Restricted Stock prior to such Shares becoming vested shall be held in escrow by the Company
and subject to the same restrictions on transferability and forfeitability as the underlying
Shares of Restricted Stock. Any voting, dividend, liquidation or other rights shall accrue to
the benefit of a Holder only with respect to Shares of Restricted Stock held by, or for the
benefit of, the Holder on the record date of any such dividend or voting date. A Participant’s
right to sell, encumber or otherwise transfer such Restricted Stock shall, in addition to the
restrictions otherwise provided for in the Award Agreement, be subject to the limitations of
Section 12.02 hereof. The Committee may determine that a Holder of Restricted Stock Units is
entitled to receive dividend equivalent payments on such units. If the Committee determines
that Restricted Stock Units shall receive dividend equivalent payments, such feature will be
specified in the applicable Award Agreement. Restricted Stock Units shall not have any voting
rights.
	 
	8.05	 	Enforcement of Restrictions. The Committee may in its sole discretion require one or more of
the following methods of enforcing the restrictions referred to in Sections 8.02 and 8.03:

	 	(a)	 	placing a legend on the stock certificates, or the Restricted Stock Unit Award
Agreement, as applicable, referring to restrictions;
	 
	 	(b)	 	requiring the Holder to keep the stock certificates, duly endorsed, in the
custody of the Company while the restrictions remain in effect;
	 
	 	(c)	 	requiring that the stock certificates, duly endorsed, be held in the custody of
a third party nominee selected by the Company who will hold such Shares of Restricted
Stock on behalf of the Holder while the restrictions remain in effect; or
	 
	 	(d)	 	inserting a provision into the Restricted Stock Award Agreement prohibiting
assignment of such Award Agreement until the terms and conditions or restrictions
contained therein have been satisfied or released, as applicable.

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	8.06	 	Termination of Service, Death, Disability, etc. In the event of the death or Disability of a
Participant, all service period and other restrictions applicable to Restricted Stock Awards
then held by him or her shall lapse, and such Awards shall become fully nonforfeitable.
Subject to Section 11, in the event a Participant ceases to be a Service Provider for any
other reason, any Restricted Stock Awards as to which the service period or other vesting
conditions for have not been satisfied shall be forfeited.

IX. PERFORMANCE SHARES AND PERFORMANCE UNITS

	9.01	 	Awards Granted by Committee. Coincident with or following designation for participation in
the Plan, a Participant may be granted Performance Shares or Performance Units.
	 
	9.02	 	Amount of Award. The Committee shall establish a maximum amount of a Holder’s Award, which
amount shall be denominated in Shares in the case of Performance Shares or in dollars in the
case of Performance Units.
	 
	9.03	 	Communication of Award. Written notice of the maximum amount of a Holder’s Award and the
Performance Period determined by Committee shall be given to a Participant as soon as
practicable after approval of the Award by the Committee.
	 
	9.04	 	Amount of Award Payable. The Committee shall establish maximum and minimum performance
targets to be achieved during the applicable Performance Period. Performance targets
established by the Committee shall relate to corporate, group, unit or individual performance
and may be established in terms of (i) specified levels of earnings per share from continuing
operations, (ii) operating income, (iii) revenues, (iv) gross margin, (v) return on operating
assets (whether all assets or designated assets), (vi) return on equity, (vii) economic value
added, (viii) stock price appreciation, (ix) total stockholder return (measured in terms of
stock price appreciation and dividend growth), (x) net income, (xi) debt reduction, (xii) cost
control, or (xiii) such other measures or standards determined by the Committee. Multiple
performance targets may be used and the components of multiple performance targets may be
given the same or different weighting in determining the amount of an Award earned, and may
relate to absolute performance or relative performance measured against other groups, units,
individual or entities. Achievement of the maximum performance target shall entitle the Holder
to payment (subject to Section 9.06) at the full or maximum amount specified with respect to
the Award: provided, however, that notwithstanding any other provisions of this Plan, in the
case of an Award of Performance Shares the Committee in its discretion may establish an upper
limit on the amount payable (whether in cash or Stock) as a result of the achievement of the
maximum performance target. The Committee may also establish that a portion of a full or
maximum amount of a Holder’s Award will be paid (subject to Section 9.06)
for performance which exceeds the minimum performance target but falls below the
maximum performance target applicable to such Award.
	 
	9.05	 	Adjustments. At any time prior to payment of a Performance Share or Performance Unit Award,
the Committee may adjust previously established performance targets or other

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	 	 	terms and conditions to reflect events such as changes in law, regulations, or accounting practice, or
mergers acquisitions or divestitures.
	 
	9.06	 	Payment of Awards. Following the conclusion of each Performance Period, the Committee shall
determine the extent to which performance targets have been attained, and the satisfaction of
any other terms and conditions with respect to an Award relating to such Performance Period.
The Committee shall determine what, if any, payment is due with respect to an Award and
whether such payment shall be made in cash, Stock or some combination. Payment shall be made
in a lump sum, as determined by the Committee, commencing as promptly as practicable following
the end of the applicable Performance Period, subject to such terms and conditions and in such
forms as may be prescribed by the Committee. All Awards shall be paid no later than March 15th
of the Plan Year following the Plan Year in which the Committee determines that a Participant
is entitled to receive the performance award.
	 
	9.07	 	Termination of Employment. If a Participant ceases to be a Service Provider for any reason
other than having been terminated for Cause after the end of a Performance Period yet before
receiving payment as provided for in Section 9.06, the Holder (or the Holder’s Beneficiaries)
shall be entitled to receive the full amount payable as soon as practicable after such amount
has been determined by the Committee. If a Holder ceases to be a Service Provider before the
end of a Performance Period by reason of his or her death or Disability, the Performance
Period for such Holder for the purpose of determining the amount of the Award payable shall
end at the end of the calendar quarter immediately preceding the date on which such Holder
ceased to be a Service Provider. The amount of an Award payable to a Holder to whom the
preceding sentence is applicable shall be paid at the end of the Performance Period and shall
be that fraction of the Award computed pursuant to the preceding sentence the numerator of
which is the number of calendar quarters during the Performance Period during all of which
said Holder was a Service Provider and the denominator of which is the number of full calendar
quarters in the Performance Period. In the event a Holder is terminated as a Service Provider
for Cause, either before the end of the Performance Period or after the end of the Performance
Period but prior to the amount of the Award having been paid, the Holder’s participation in
the Plan shall cease, all outstanding Awards of Performance Shares or Performance Units to
such Participant and any right to receive the payment for any Awards (whether or not any
Performance Period has been completed) shall be canceled.

X. BONUS SHARES

Subject to the terms of the Plan, the Committee may grant Bonus Shares to any Participant in such
amount and upon such terms and at any time and from time to time as shall be determined by the
Committee. The Committee may grant such Bonus Shares in connection with or pursuant to
another Company-sponsored compensation plan or program.

XI. REORGANIZATION, CHANGE IN CONTROL OR LIQUIDATION

	11.01	 	Except as otherwise provided in an Award Agreement or other agreement approved by the
Committee to which any Participant is a party, in the event that within the period

20

 

	 	 	commencing on a Change in Control and ending on the first anniversary of the Change in Control, a
Participant resigns for Good Reason or the Company terminates the Participant’s employment
other than for cause, each Option, share of Restricted Stock and/or other Award shall without
regard to any vesting schedule, restriction or performance target, automatically become fully
exercisable, fully vested or fully payable, as the case may be, as of the date of such
termination of employment; provided, however, to the extent required by Code section 409A, if
the Participant was a “specified employee” as defined under Code section 409A as of the time
of such Participant’s separation from service, no share of Restricted Stock or other Award
shall become payable until six months and one day from the effective date of such
Participant’s separation from service.
	 
	11.02	 	In addition to the foregoing, in the event the Company undergoes a Change in Control or in
the event of a corporate merger, consolidation, major acquisition of property (or stock),
separation, reorganization or liquidation in which the Company is a party and in which a
Change in Control does not occur, the Committee, or the board of directors of any corporation
assuming the obligations of the Company, shall have the full power and discretion to take any
one or more of the following actions:

	 	(a)	 	Without reducing the economic value of outstanding Awards, prescribe and amend
the terms and conditions for the exercise of, or settlement of, outstanding Awards
granted hereunder;
	 
	 	(b)	 	Remove restrictions on Restricted Stock and Restricted Stock Units;
	 
	 	(c)	 	Provide that Options or SARs granted hereunder must be exercised in connection
with the closing of such transactions, and that if not so exercised such Options or
SARs will expire; or
	 
	 	(d)	 	Cause any Award then outstanding to be assumed, or new rights of equivalent
economic value substituted therefore, by the acquiring or surviving corporation.

	 	 	Any such determinations by the Committee may be made generally with respect to all
Participants, or may be made on a case-by-case basis with respect to particular
Participants. Notwithstanding the foregoing, any transaction undertaken for the purpose of
reincorporating the Company under the laws of another jurisdiction, if such transaction does
not materially affect the beneficial ownership of the Company’s Shares, such transaction
shall not constitute a merger, consolidation, major acquisition of property for stock,
separation, reorganization, liquidation, or Change in Control.

XII. RIGHTS OF EMPLOYEES; PARTICIPANTS

	12.01	 	Employment. Nothing contained in the Plan or in any Award granted under the Plan shall
confer upon any Participant any right with respect to the continuation of his or her services
as a Service Provider or interfere in any way with the right of the Company, subject to the
terms of any separate employment or consulting agreement to the contrary, at any time to
terminate such services or to increase or decrease the compensation of the

21

 

	 	 	Participant from
the rate in existence at the time of the grant of an Award. Whether an authorized leave of
absence, or absence in military or government service, shall constitute a termination of
Participant’s services as a Service Provider shall be determined by the Committee at the time.
	 
	12.02	 	Nontransferability. Except as provided in Section 12.03, no right or interest of any Holder
in an Award granted pursuant to the Plan shall be assignable or transferable during the
lifetime of the Participant, either voluntarily or involuntarily, or be subjected to any lien,
directly or indirectly, by operation of law, or otherwise, including execution, levy,
garnishment, attachment, pledge or bankruptcy. In the event of a Participant’s death, a
Holder’s rights and interests in all Awards shall, to the extent not otherwise prohibited
hereunder, be transferable by testamentary will or the laws of descent and distribution, and
payment of any amounts due under the Plan shall be made to, and exercise of any Options or
SARs may be made by, the Holder’s legal representatives, heirs or legatees. If, in the opinion
of the Committee, a person entitled to payments or to exercise rights with respect to the Plan
is disabled from caring for his or her affairs because of a mental condition, physical
condition or age, payment due such person may be made to, and such rights shall be exercised
by, such person’s guardian, conservator, or other legal personal representative upon
furnishing the Committee with evidence satisfactory to the Committee of such status.
“Transfers” shall not be deemed to include transfers to the Company or “cashless exercise”
procedures with third parties who provide financing for the purpose of (or who otherwise
facilitate) the exercise of Awards consistent with applicable laws and the authorization of
the Committee.
	 
	12.03	 	Permitted Transfers. Pursuant to conditions and procedures established by the Committee
from time to time, the Committee may permit Awards to be transferred to, exercised by and paid
to certain persons or entities related to a Participant, including but not limited to members
of the Participant’s immediate family, charitable institutions, or trusts or other entities
whose beneficiaries or beneficial owners are members of the Participant’s immediate family
and/or charitable institutions (a “Permitted Transferee”). In the case of initial Awards, at
the request of the Participant, the Committee may permit the naming of the related person or
entity as the Award recipient. Any permitted transfer shall be subject to the condition that
the Committee receive evidence satisfactory to it that the transfer is being made for estate
and/or tax planning purposes on a gratuitous or donative basis and without consideration
(other than nominal consideration). Notwithstanding the foregoing, Incentive Stock Options
shall only be transferable to the extent permitted in section 422 of the Code, or such
successor provision thereto, and the treasury regulations thereunder.

XIII. GENERAL RESTRICTIONS

	13.01	 	Investment Representations. The Company may require any person to whom an Option or other
Award is granted, as a condition of exercising such Option or receiving Stock under the Award,
to give written assurances in substance and form satisfactory to the Company and its counsel
to the effect that such person is acquiring the Stock subject to the Option or the Award for
his own account for investment and not with any present

22

 

	 	 	intention of selling or otherwise
distributing the same, and to such other effects as the Company deems necessary or appropriate
in order to comply with federal and applicable state securities laws. Legends evidencing such
restrictions may be placed on the certificates evidencing the Stock.
	 
	13.02	 	Compliance with Securities Laws.

	 	(a)	 	Each Award shall be subject to the requirement that, if at any time counsel to
the Company shall determine that the listing, registration or qualification of the
Shares subject to such Award upon any securities exchange or under any state or federal
law, or the consent or approval of any governmental or regulatory body, is necessary as
a condition of, or in connection with, the issuance or purchase of Shares thereunder,
such Award may not be accepted or exercised in whole or in part unless such listing,
registration, qualification, consent or approval shall have been effected or obtained
on conditions acceptable to the Committee. Nothing herein shall be deemed to require
the Company to apply for or to obtain such listing, registration or qualification.
	 
	 	(b)	 	Each Holder who is a director or an Executive Officer is restricted from taking
any action with respect to any Award if such action would result in a (i) violation of
Section 306 of the Sarbanes-Oxley Act of 2002, and the regulations promulgated
thereunder, whether or not such law and regulations are applicable to the Company, or
(ii) any policies adopted by the Company restricting transactions in the Stock.

	13.03	 	Stock Restriction Agreement. The Committee may provide that Shares issuable upon the
exercise of an Option shall, under certain conditions, be subject to restrictions whereby the
Company has (i) a right of first refusal with respect to such shares, (ii) specific rights or
limitations with respect to the Participant’s ability to vote such shares, or (iii) a right or
obligation to repurchase all or a portion of such shares, which restrictions may survive a
Participant’s cessation or termination as a Service Provider.

XIV. OTHER EMPLOYEE BENEFITS

The amount of any compensation deemed to be received by a Participant as a result of the exercise
of an Option or the grant, payment or vesting of any other Award shall not constitute “earnings”
with respect to which any other benefits of such Participant are determined, including without
limitation benefits under (a) any pension, profit sharing, life insurance or salary continuation
plan or other employee benefit plan of the Company or (b) any agreement between
the Company and the Participant, except as such plan or agreement shall otherwise expressly
provide.

XV. PLAN AMENDMENT, MODIFICATION AND TERMINATION

	15.01	 	Amendment, Modification, and Termination. The Board may at any time terminate, and from
time to time may amend or modify, the Plan; provided, however, that no amendment or
modification may become effective without approval of the amendment or

23

 

	 	 	modification by the
stockholders if stockholder approval is required to enable the Plan to satisfy any applicable
statutory or regulatory requirements, to comply with the requirements for listing on any
exchange where the Shares are listed, or if the Company, on the advice of counsel, determines
that stockholder approval is otherwise necessary or desirable.
	 
	15.02	 	Adjustment Upon Certain Unusual or Nonrecurring Events. The Board may make adjustments in
the terms and conditions of Awards in recognition of unusual or nonrecurring events (including
the events described in Section 4.03) affecting the Company or the financial statements of the
Company or of changes in applicable laws, regulations, or accounting principles, whenever the
Board determines that such adjustments are appropriate in order to prevent dilution or
enlargement of the benefits or potential benefits intended to be made available under the
Plan.
	 
	15.03	 	Awards Previously Granted. Notwithstanding any other provision of the Plan to the contrary
(but subject to Section 2.01(i) and Section 15.02), no termination, amendment or modification
of the Plan shall adversely affect in any material way any Award previously granted under the
Plan, without the written consent of the Holder of such Award.

XVI. WITHHOLDING

	16.01	 	Withholding Requirement. The Company’s obligations to deliver Shares upon the exercise of
an Option, or upon the vesting of any other Award, shall be subject to the Holder’s
satisfaction of all applicable federal, state and local income and other tax withholding
requirements.
	 
	16.02	 	Withholding with Stock. For Eligible Employees, the Company may permit the Holder to pay
all minimum required amounts of tax withholding, or any part thereof, by electing to transfer
to the Company, or to have the Company withhold from Shares otherwise issuable to the Holder,
Shares having a value equal to the minimum amount required to be withheld under federal, state
or local law or such lesser amount as may be elected by the Holder. For non-employees,
including non-employee directors, the Company may also permit the Holder to transfer to the
Company or have the Company withhold from Shares otherwise issuable to the Holder, an amount
of Shares determined by the Holder necessary to cover applicable federal, state or local
income or self-employment taxes relating to the exercise, vesting or payment of the Award.
All elections shall be subject to the approval or disapproval of the Committee or its
delegate. The value of Shares to be withheld shall be based on the Fair Market Value of the
Stock on the date that the amount of tax to be withheld is to be determined (the “Tax Date”),
as determined by the Committee. Any such
elections by Holder to have Shares withheld for this purpose will be subject to the
following restrictions:

	 	(a)	 	All elections must be made prior to the Tax Date;
	 
	 	(b)	 	All elections shall be irrevocable; and

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	 	(c)	 	If the Holder is an officer or director of the Company within the meaning of
Section 16 of the 1934 Act (“Section 16”), the Holder must satisfy the requirements of
such Section 16 and any applicable rules thereunder with respect to the use of Stock to
satisfy such tax withholding obligation.

XVII. SECTION 162(m) PROVISIONS

	17.01	 	Limitations. Notwithstanding any other provision of this Plan, if the Committee determines
at the time any Award is granted to a Participant that such Participant is, or is likely to be
at the time he or she recognizes income for federal income tax purposes in connection with
such Award, a Covered Employee, then the Committee may provide that this Section 17 is
applicable to such Award.
	 
	17.02	 	Performance Goals. If an Award is subject to this Section 17, then the lapsing of
restrictions thereon and the distribution of cash, Shares or other property pursuant thereto,
as applicable, shall be subject to the achievement of one or more objective performance goals
established by the Committee, which shall be based on the attainment of one or any combination
of the following:

	 	(a)	 	Earnings (either in the aggregate or on a per-Share basis);
	 
	 	(b)	 	Growth or rate of growth in earnings (either in the aggregate or on a per-Share
basis);
	 
	 	(c)	 	Net income or loss (either in the aggregate or on a per-Share basis);
	 
	 	(d)	 	Cash flow provided by operations, either in the aggregate or on a per-Share
basis;
	 
	 	(e)	 	Growth or rate of growth in cash flow (either in the aggregate or on a
per-Share basis);
	 
	 	(f)	 	Free cash flow (either in the aggregate on a per-Share basis);
	 
	 	(g)	 	Reductions in expense levels, determined either on a Corporation-wide basis or
in respect of any one or more business units;
	 
	 	(h)	 	Operating and maintenance cost management and employee productivity;
	 
	 	(i)	 	Stockholder returns (including return on assets, investments, equity, or gross
sales);
	 
	 	(j)	 	Return measures (including return on assets, equity, or sales);
	 
	 	(k)	 	Growth or rate of growth in return measures (including return on assets,
equity, or sales);

25

 

	 	(l)	 	Share price (including attainment of a specified per-Share price during the
Incentive Period; growth measures and total stockholder return or attainment by the
Shares of a specified price for a specified period of time);
	 
	 	(m)	 	Strategic business criteria, consisting of one or more objectives based on
meeting specified revenue, market share, market penetration, geographic business
expansion goals, objectively identified project milestones, production volume levels,
cost targets, and goals relating to acquisitions or divestitures; and/or
	 
	 	(n)	 	Achievement of business or operational goals such as market share and/or
business development;

	 	 	provided that applicable incentive goals may be applied on a pre- or post-tax basis; and
provided further that the Committee may, when the applicable incentive goals are
established, provide that the formula for such goals may include or exclude items to measure
specific objectives, such as losses from discontinued operations, extraordinary gains or
losses, the cumulative effect of accounting changes, acquisitions or divestitures, foreign
exchange impacts and any unusual, nonrecurring gain or loss. In addition to the foregoing
performance goals, the performance goals shall also include any performance goals which are
set forth in the Company’s Executive Annual Incentive Plan, if any, which has been approved
by the Company’s stockholders, which are incorporated herein by reference. Such performance
goals shall be set by the Committee within the time period prescribed by, and shall
otherwise comply with the requirements of, section 162(m) of the Code and the regulations
thereunder.

	17.03	 	Adjustments. Notwithstanding any provision of the Plan other than Section 4.03 or Section
11, with respect to any Award that is subject to Section 17, the Committee may not adjust
upwards the amount payable pursuant to such Award, nor may it waive the achievement of the
applicable performance goals except in the case of the death or disability of the Participant.
	 
	17.04	 	Other Restrictions. The Committee shall have the power to impose such other restrictions on
Awards subject to this Section 17 as it may deem necessary or appropriate to insure that such
Awards satisfy all requirements for “performance-based compensation” within the meaning of
section 162(m)(4)(B) of the Code or any successor thereto.

XVIII. NONEXCLUSIVITY OF THE PLAN

	18.01	 	Neither the adoption of the Plan by the Board nor the submission of the Plan to stockholders
of the Company for approval shall be construed as creating any limitations on the power or
authority of the Board to continue to maintain or adopt such other or additional incentive or
other compensation arrangements of whatever nature as the Board
may deem necessary or desirable or preclude or limit the continuation of any other plan,
practice or arrangement for the payment of compensation or fringe benefits to employees, or
non-employee directors generally, or to any class or group of employees, or non-employee
directors, which the Company now has lawfully put into effect, including,

26

 

	 	 	without limitation, any retirement, pension, savings and stock purchase plan, insurance, death and
disability benefits and executive short-term incentive plans.

XIX. REQUIREMENTS OF LAW

	19.01	 	Requirements of Law. The issuance of Stock and the payment of cash pursuant to the Plan
shall be subject to all applicable laws, rules and regulations, and to such approvals by any
governmental agencies or stock exchanges as may be required. Notwithstanding any provision of
the Plan or any Award, Holders shall not be entitled to exercise, or receive benefits under
any Award, and the Company shall not be obligated to deliver any Shares or other benefits to a
Holder, if such exercise or delivery would constitute a violation by the Holder or the Company
of any applicable law or regulation.
	 
	19.02	 	Code Section 409A. This Plan is intended to meet or to be exempt from the requirements of
Code section 409A, and shall be administered, construed and interpreted in a manner that is in
accordance with and in furtherance of such intent. Any provision of this Plan that would
cause an Award to fail to satisfy Code section 409A or, if applicable, an exemption from the
requirements of that Section, shall be amended (in a manner that as closely as practicable
achieves the original intent of this Plan) to comply with Code section 409A or any such
exemption on a timely basis, which may be made on a retroactive basis, in accordance with
regulations and other guidance issued under Code section 409A.
	 
	19.03	 	Rule 16b-3. Transactions under the Plan and to the extent even applicable, within the scope
of Rule 16b-3 are intended to comply with all applicable conditions of Rule 16b-3. To the
extent any provision of the Plan or any action by the Committee under the Plan fails to so
comply, such provision or action shall, without further action by any person, be deemed to be
automatically amended to the extent necessary to effect compliance with Rule 16b-3; provided,
however, that if such provision or action cannot be amended to effect such compliance, such
provision or action shall be deemed null and void to the extent permitted by law and deemed
advisable by the Committee.
	 
	19.04	 	Governing Law. The Plan and all agreements hereunder shall be construed in accordance with
and governed by the laws of the State of Delaware without giving effect to the principles of
the conflict of laws to the contrary.

27

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