Document:

EX-10.3

 Exhibit 10.3 
  

 
  

 
  
  

 
  

EVO PAYMENTS, INC. 
  

 
  

 
 REGISTRATION RIGHTS AGREEMENT 

 
  

Dated as of [●] 
  

 
  

 

 TABLE OF CONTENTS 

 

									
	 	 	 	 	 	  	Page	 
			
	 1.
	 	DEMAND AND SHELF REGISTRATIONS	  	 	1	 
				
		 	 1.1.
	 	 Requests for Non-Shelf Registration
	  	 	1	 
		 	 1.2.
	 	 Demand Notice
	  	 	2	 
		 	 1.3.
	 	 Short-Form Registrations
	  	 	3	 
		 	 1.4.
	 	 Shelf Registration Statements
	  	 	3	 
		 	 1.5.
	 	 Resale Shelf Registration Statement
	  	 	4	 
		 	 1.6.
	 	 Notices in Connection with Shelf Registration Statement
	  	 	4	 
		 	 1.7.
	 	 Shelf Take-Downs
	  	 	4	 
		 	 1.8.
	 	 Priority on Demand Registrations
	  	 	6	 
		 	 1.9.
	 	 Suspension of Registration
	  	 	7	 
		 	 1.10.
	 	 Selection of Underwriters
	  	 	8	 
		 	 1.11.
	 	 Other Registration Rights
	  	 	8	 
			
	 2.
	 	PIGGYBACK REGISTRATIONS	  	 	9	 
				
		 	 2.1.
	 	 Right to Piggyback
	  	 	9	 
		 	 2.2.
	 	 Priority on Primary Registrations
	  	 	9	 
		 	 2.3.
	 	 Priority on Secondary Registrations
	  	 	9	 
		 	 2.4.
	 	 Withdrawal of Piggyback Registration; Expenses
	  	 	10	 
			
	 3.
	 	REGISTRATION AND COORDINATION GENERALLY	  	 	10	 
				
		 	 3.1.
	 	 Registration Procedures
	  	 	10	 
		 	 3.2.
	 	 Obligations of Holders of Registrable Securities
	  	 	14	 
		 	 3.3.
	 	 Registration Expenses
	  	 	15	 
		 	 3.4.
	 	 Underwritten Offerings
	  	 	15	 
		 	 3.5.
	 	 Current Information; Rule 144 Reporting
	  	 	16	 
		 	 3.6.
	 	 In Kind Distributions
	  	 	17	 
			
	 4.
	 	INDEMNIFICATION	  	 	17	 
				
		 	 4.1.
	 	 Indemnification by the Company
	  	 	17	 
		 	 4.2.
	 	 Indemnification by Holders of Registrable Securities
	  	 	18	 
		 	 4.3.
	 	 Procedure
	  	 	18	 
		 	 4.4.
	 	 Entry of Judgment; Settlement
	  	 	19	 
		 	 4.5.
	 	 Contribution
	  	 	19	 
		 	 4.6.
	 	 Other Rights
	  	 	20	 
		 	 4.7.
	 	 Indemnification Payments
	  	 	20	 
			
	 5.
	 	DEFINITIONS AND RULES OF CONSTRUCTION	  	 	20	 
				
		 	 5.1.
	 	 Definitions
	  	 	20	 
		 	 5.2.
	 	 Rules of Construction
	  	 	23	 

  
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	 6.
	 	MISCELLANEOUS	  	 	23	 
				
		 	 6.1.
	 	 No Inconsistent Agreements
	  	 	23	 
		 	 6.2.
	 	 Adjustments Affecting-Registrable Securities
	  	 	23	 
		 	 6.3.
	 	 Remedies
	  	 	23	 
		 	 6.4.
	 	 Amendment and Waiver
	  	 	24	 
		 	 6.5.
	 	 Successors and Assigns; Transferees
	  	 	24	 
		 	 6.6.
	 	 Reserved
	  	 	24	 
		 	 6.7.
	 	 Severability
	  	 	24	 
		 	 6.8.
	 	 Counterparts
	  	 	25	 
		 	 6.9.
	 	 Descriptive Headings; No Strict Construction
	  	 	25	 
		 	 6.10.
	 	 Notices
	  	 	25	 
		 	 6.11.
	 	 Electronic Delivery
	  	 	26	 
		 	 6.12.
	 	 Governing Law; Consent to Jurisdiction; WAIVER OF JURY TRIAL
	  	 	26	 
		 	 6.13.
	 	 Exercise of Rights and Remedies
	  	 	27	 
		 	 6.14.
	 	 Aggregation of Registrable Securities
	  	 	27	 
		 	 6.15.
	 	 Independent Nature of Each Holder’s Obligations
	  	 	28	 
		 	 6.16.
	 	 Dilution
	  	 	28	 
		 	 6.17.
	 	 Replacement of Prior Agreement; Effectiveness
	  	 	29	 
		 	 6.18.
	 	 Joinder with Respect to Certain Rights and Obligations
	  	 	29	 

 REGISTRATION RIGHTS AGREEMENT 

This Registration Rights Agreement (this “Agreement”) is made as of [●] by and among: 

 

	 	(i)	 EVO Payments, Inc., a Delaware corporation (together with its successors and permitted assigns, the
“Company”); 

  

	 	(ii)	 Each of the Persons identified on Schedule I attached hereto (together with their respective
transferees, “MDP”); 

  

	 	(iii)	 Each of the Persons identified on Schedule II attached hereto (together with their respective
transferees, each a “Management Stockholder” and together the “Management Stockholders”); 

  

	 	(iv)	 such other Persons, if any, that from time to time become parties hereto (collectively, and together with
their respective transferees, MDP and the Management Stockholders, the “Stockholders”); and 

  

	 	(v)	 with respect to Section 6.18, Blueapple, Inc., a Delaware corporation (together with
its transferees, “Blueapple”). 

 Unless otherwise noted herein, capitalized terms used
herein shall have the meanings set forth in Section 5. 
 RECITALS 

WHEREAS, the Company is currently pursuing an initial public offering of its Class A Common Stock, the proceeds of
which will be used to purchase newly-issued common units in EVO Investco, LLC; and 
 WHEREAS, the Company and
certain of the parties hereto are also party to that certain Registration Rights Agreement, dated December 27, 2012 (the “Prior Registration Rights Agreement”), which they now desire to replace in its entirety with this
Agreement. 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as follows: 

AGREEMENT 
  

	1.	 DEMAND AND SHELF REGISTRATIONS. 

1.1.      Requests for Non-Shelf Registrations.
Subject to the terms and conditions of this Agreement, (a) MDP may require the Company (subject to any contractual lock-up agreements then in effect) to register under the Securities Act all or part of
its Registrable Securities (including, in the case of delivery of a Call Option Put Notice, Company-Offered Registrable Securities) having an anticipated aggregate offering price of at least $10 million, individually or in the aggregate with
other Registrable Securities, based on the last sales price of the shares of Class A 

 
Common Stock as of the trading date prior to the date of notice, and (b) the Company (subject to any contractual lock-up agreements then in effect),
acting in response to its receipt of a Sale Notice, with respect to Registrable Securities having an anticipated aggregate offering price of at least $10 million, individually or in the aggregate with other Registrable Securities, based on the
last sales price of the shares of Class A Common Stock as of the trading date prior to the date of notice, may initiate registration under the Securities Act of the number of Company-Offered Registrable Securities necessary to permit the
Company to purchase Common Units under the LLC Agreement in response to such Sale Notice. Notwithstanding anything contained herein to the contrary, MDP will only be entitled to deliver four (4) requests for Demand Registration within any
twelve (12) month period; provided that (i) a registration shall not count as a Demand Registration unless and until such Demand Registration becomes effective and MDP is able to register and sell at least 75% of the Registrable
Securities offered by it in such Demand Registration and (ii) any Demand Registration initiated by the Company in which MDP sells Registrable Securities shall constitute a Demand Registration requested by MDP for purposes of this limitation.

 1.2.      Demand Notice for Non-Shelf
Registrations. 
  (a)      All requests by MDP for Demand
Registrations shall be made by giving written notice to the Company (a “Demand Notice”). A Call Option Put Notice pursuant to which the Company will be required to use commercially reasonable efforts to offer and sell a number of
Company-Offered Registrable Securities shall constitute a Demand Notice for purposes of this Agreement (it being understood that any Call Option Put Notice delivered in connection with a separate Demand Notice shall be deemed to be part of the same,
single Demand Notice). Each Demand Notice shall specify the approximate number of Registrable Securities that MDP requests to be registered. As promptly as practicable, and in any event within five (5) Business Days after receipt of a Demand
Notice, the Company will give written notice of such request to all other holders of Stockholder-Offered Registrable Securities and to Blueapple (in accordance with Section 11.01(a) of the LLC Agreement) and, subject to
Section 1.8, will include in such registration (and in all related registrations and qualifications under blue sky laws or in compliance with other registration requirements and in any related underwriting) (i) all
Stockholder-Offered Registrable Securities with respect to which the Company has received written requests for inclusion therein from Stockholders within five (5) Business Days after the delivery of the Company’s notice and (ii) such
number of Company-Offered Registrable Securities as necessary to permit (a) if applicable, the purchase of the Call Option and payment of the exercise price for the Call Option on the terms provided in the Exchange Agreement and (b) the
Company to purchase any Common Units that the Company has received a written request from Blueapple to purchase within five (5) Business Days after the delivery of the Company’s notice. 

 (b)      As promptly as practicable, and in any event within five
(5) Business Days after receipt of any Sale Notice in response to which the Company intends to initiate a Demand Registration, the Company will give written notice of such Demand Registration to all holders of Stockholder-Offered Registrable
Securities and the Call Option Holder and, subject to Section 1.8, will include in such registration (and in all related registrations and qualifications under blue sky laws or in compliance with other registration
requirements and in any related underwriting) (a) all Stockholder-Offered Registrable 

  
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Securities with respect to which the Company has received written requests for inclusion therein from Stockholders within five (5) Business Days after the delivery of the Company’s
notice and (b) a number of Company-Offered Registered Securities necessary to permit the purchase, if applicable, of the portion of the Call Option specified in a Call Option Put Notice and the payment of the exercise price therefor on the
terms provided in the Exchange Agreement. 
 (c)       In the event that
a Call Option Put Notice is delivered as or as part of a Demand Notice for an underwritten offering, MDP may require (i) all holders of Stockholder-Offered Registrable Securities participating in such Demand Registration pursuant to
Section 1.2(b) to instead sell their Stockholder-Offered Registrable Securities to be included in such Demand Registration to the Company and (ii) the Company to register such number of shares of Class A Common
Stock in a primary offering sufficient to purchase all such Stockholder-Offered Registrable Securities pursuant to Section 1.2(c)(i). In the event that any Demand Registration for an underwritten offering is conducted as a
primary offering pursuant to this Section 1.2(c), the terms of this Agreement shall apply to such offering with each holder of Stockholder-Offered Registrable Securities participating in such Demand Registration being
treated to the fullest extent possible as having directly registered the Stockholder-Offered Registrable Securities to be purchased by the Company in such offering for purposes of ascertaining the rights and obligations of such holders, the Call
Option Holder and Blueapple under this Agreement. 
 1.3.       Short-Form
Registrations.   Demand Registrations will be registered on Form S-1 or any similar or successor long-form registration statement (“Long-Form Registration Statement”) or Form S-3 or any similar or successor short-form registration (“Short-Form Registration Statements”) whenever the Company is permitted to use any applicable short-form (unless the managing underwriter(s)
of such offering requests that such Demand Registration be on a Long-Form Registration Statement. The Company will use its reasonable best efforts to make Short-Form Registration Statements available for the sale of Registrable Securities. 

1.4.       Shelf Registration Statements.   During any time when
Short-Form Registration Statements are available for the sale of Registrable Securities, Blueapple or MDP may require the Company to file a Short-Form Registration Statement with the Securities and Exchange Commission in accordance with and pursuant
to Rule 415 under the Securities Act (or any successor rule then in effect) (a “Shelf Registration Statement”) registering such Registrable Securities with respect to which the Company has received written requests for inclusion
therein from MDP or Blueapple, as applicable, and any other Registrable Securities requested to be included pursuant to Section 1.6. The Company shall use its reasonable best efforts to cause the Shelf Registration
Statement to be declared effective under the Exchange Act as soon as practicable after filing. At the request of MDP, such Shelf Registration Statement (including any Resale Shelf Registration Statement) will refer to the Stockholders in a generic
manner as permitted under Rule 430B (in which case, if the Company is required to specify a number of Registrable Securities being registered on such Shelf Registration Statement, the Company shall register a number of Registrable Securities on
behalf of each Stockholder in the same proportion as the Registrable Securities requested to be registered by MDP bear to the number of Registrable Securities beneficially owned by MDP) and, if at the time of such request, the Company is a WKSI, at
the request of MDP, such Shelf Registration Statement shall cover an unspecified number of 

  
 3 

 
Registrable Securities to be sold by the Stockholders. Once effective, the Company shall cause any Shelf Registration Statement (including the Resale Shelf Registration Statement) to remain
continuously effective for a period ending on the earlier of (i) the third anniversary of the date of effectiveness of such Shelf Registration Statement, (ii) the date on which all Registrable Securities included in such registration have
been sold or distributed pursuant to such Shelf Registration Statement, (iii) the date as of which all of the Stockholder-Offered Registrable Securities included in such Shelf Registration Statement cease to be Stockholder-Offered Registrable
Securities, and (iv) to the extent any Company-Offered Registrable Securities have been registered thereunder with respect to the Company’s obligation in connection with receipt of a Call Option Put Notice, until the expiration of the Call
Option. 
 1.5.       Resale Shelf Registration Statement.   Without
limiting the generality of Section 1.4, unless MDP instructs the Company otherwise in writing with respect to its Registrable Securities (and, for the Call Option Holder, with respect to the applicable Company-Offered
Registrable Securities) or Blueapple instructs the Company otherwise in writing with respect to the registration of Company-Offered Registrable Securities, the Company shall use its reasonable best efforts to cause a Shelf Registration Statement for
the sale or distribution of Registrable Securities, including by way of an underwritten offering, block sale or other distribution plan (the “Resale Shelf Registration Statement”), to be filed and declared effective under the
Securities Act as soon as practicable after such time as the Company is eligible to file a Short Form Registration Statement (subject to the expiration of any lock-up period applicable to the Company and the
Stockholders). 
 1.6.       Notices in Connection with Shelf Registration
Statement.   In the event the Company is filing a Shelf Registration Statement pursuant to Section 1.4 or Section 1.5, the Company shall give notice to each Stockholder, the Call
Option Holder and Blueapple in the manner and within the time periods set forth in Section 1.2 and, subject to Section 1.8, will include in such Shelf Registration Statement (i) all
Stockholder-Offered Registrable Securities with respect to which the Company has received written requests for inclusion therein from Stockholders within five (5) Business Days after the delivery of the Company’s notice and (ii) such
number of Company-Offered Registrable Securities as necessary (i) to permit the Company to purchase any Common Units that the Company has received a written request from Blueapple to purchase within five (5) Business Days after the
delivery of the Company’s notice and (ii) if applicable, to permit the Company to purchase all or such portion of the Call Option as requested by the Call Option Holder and to pay the exercise price therefor on the terms provided in the
Exchange Agreement. No notice shall be required to be delivered to Stockholders in connection with a Shelf Registration Statement in which Stockholders are not named in reliance on Rule 430B because all Stockholder-Offered Registrable Securities
will be included up to the applicable percentage specified by MDP or in connection with a Shelf Registration Statement registering an indeterminate amount of Class A Common Stock. 

1.7.       Shelf Take-Downs. 

(a)       At any time that a Shelf Registration Statement (including the
Resale Shelf Registration Statement) is effective (subject to any contractual lock-up agreements then in effect), if MDP delivers a notice to the Company (a “Take-Down Notice”) stating that it
intends to effect an offering from such Shelf Registration Statement (a “Shelf Offering”) 

  
 4 

 
of all or part of its Registrable Securities included by it on such Shelf Registration Statement, whether such offering is underwritten or
non-underwritten, and stating the number of its Registrable Securities to be included in the Shelf Offering, then the Company shall amend or supplement such Shelf Registration Statement, as may be necessary in
order to enable such Registrable Securities to be distributed pursuant to the Shelf Offering (taking into account the inclusion of Registrable Securities pursuant to this Section 1.7). Promptly upon receipt of a Take-Down
Notice (and in no event later than the second Business Day thereafter), the Company shall give written notice of the Take-Down Notice to all other Potential Takedown Participants (including Blueapple in accordance with Section 11.01(a) of the
LLC Agreement). No notice shall be required to be delivered to Blueapple or any Stockholder in connection with any Take-Down Notice indicating that MDP intends to engage in a non-unwritten transaction
(e.g., a sale to a broker or market maker in a non-underwritten block trade). Any such Take-Down Notice indicating that MDP intends to engage in a non-unwritten
transaction (e.g., a sale to a broker or market maker in a non-underwritten block trade) must be (i) received by 5:00 p.m., New York City Time, on the Business Day prior to the date on which
such transaction is expected to occur and (ii) executed by MDP within three Business Days after such Take-Down Notice is received by the Company. 

(b)       At any time that a Shelf Registration Statement (including the
Resale Shelf Registration Statement) is effective, after receipt of a Sale Notice or Call Option Put Notice in response to which the Company intends to initiate a Shelf Offering, the Company will give written notice of such Shelf Offering as
promptly as practicable to all Potential Takedown Participants and in any event no later than the second Business Day after receipt of the Sale Notice. 

(c)       Any Potential Takedown Participant wishing to include Registrable
Securities with respect to an underwritten Take-Down Offering (whether initiated by the Company or MDP) shall inform the Company as promptly as practicable of the number of Registrable Securities it seeks to have included in such Take-Down Offering,
which shall not exceed the number of Registrable Securities registered on behalf of such Potential Takedown Participant in the applicable Shelf Registration Statement. Such notice shall be given by the Stockholder as promptly as practicable, but in
no event later than the earlier of (1) 5:00 p.m., New York City time, on the Business Day prior to the date on which a preliminary prospectus or prospectus supplement intended to be used in connection with
pre-pricing marketing efforts for such takedown is finalized and (2) the second Business Day after the delivery of the Company’s notice pursuant to Section 1.7(a) or
1.7(b), as applicable. Subject to Section 1.8, the Company shall include in such Shelf Offering (i) all Stockholder-Offered Registrable Securities with respect to which the Company has received written requests
for inclusion therein from Potential Takedown Participants within the foregoing time period and (ii) such number of Company-Offered Registrable Securities as necessary to permit the Company to purchase (x) any Common Units that the Company
has received a written request from Blueapple to purchase within the foregoing time period and (y) if applicable, all or such portion of the Call Option as requested by the Call Option Holder and to pay the exercise price therefor on the terms
provided in the Exchange Agreement to the extent notice is received within the foregoing time periods. 

  
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 (d)       Any Shelf Offering
in connection with which the Company is required to sign an underwriting agreement, the Company’s outside counsel are requested to provide a legal opinion (other than a legal opinion to the Company’s transfer agent), the Company’s
independent public accountants are requested to provide a comfort letter or the Company’s executive officers are requested to participate in a “road show” or other material selling efforts shall constitute a Demand Registration for
purposes of the limitation contained in Section 1.1, whether or not such Shelf Offering is underwritten. 

(e)       In the event that a Call Option Put Notice is delivered as or as
part of a Takedown Notice for an underwritten offering and the Company is able to register a sufficient number of shares of Class A Common Stock under the Shelf Registration Statement to which such Takedown Notice relates, MDP may require
(i) all Potential Takedown Participants participating in such Shelf Offering pursuant to Section 1.7(c) to sell their Stockholder-Offered Registrable Securities to be included in such Shelf Offering to the Company and
(ii) the Company to register such number of shares of Class A Common Stock in a primary offering sufficient to purchase all such Stockholder-Offered Registrable Securities pursuant to Section 1.7(e)(i). In the
event that any underwritten Shelf Offering is conducted as a primary offering pursuant to this Section 1.2(e), the terms of this Agreement shall apply to such offering with each Potential Takedown Participant participating
in such Shelf Offering being treated to the fullest extent possible as having directly registered the Stockholder-Offered Registrable Securities to be purchased by the Company in such offering for purposes of ascertaining the rights and obligations
of such holders, the Call Option Holder and Blueapple under this Agreement. 

1.8.       Priority on Demand Registrations.   The Company shall not
include in any Demand Registration or Shelf Offering, any securities that are not Registrable Securities without the prior written consent of MDP and Blueapple. If a Demand Registration or Shelf Offering is an underwritten offering and the managing
underwriter(s) or broker-dealer(s) advises MDP or the Company, as applicable, that in its opinion the number of Registrable Securities and, if permitted hereunder, other securities requested to be included in such offering exceeds the maximum number
of Registrable Securities and other securities, if any, which can be sold therein without adversely affecting the price, timing or distribution of the offering (such maximum number, the “Maximum Offering Amount”), then the Company
shall include in such registration: (a) first, the Registrable Securities that can be sold without exceeding the Maximum Offering Amount, pro rata based on the number of Registrable Securities held by each Stockholder, the Call Option Holder or
by Blueapple, and (b) second, to the extent that the Maximum Offering Amount has not been reached, any other securities requested to be included in such Demand Registration or Shelf Offering that can be sold without exceeding the Maximum
Offering Amount; provided that if such managing underwriter(s) or broker-dealer(s) provide written notice advising in good faith, based upon the then prevailing market precedent and public investor expectations, that participation in the
offering by any Management Stockholder would materially and adversely affect the marketability of such offering, then Registrable Securities held by one or more Management Stockholders may be excluded (in whole or in part) from such offering, even
if such exclusion would not treat such Management Stockholder on a pro rata basis. 

  
 6 

 1.9.       Suspension of Registration.

 (a)       Notwithstanding anything in this
Section 1 to the contrary, subject to the provisions of this Section 1.9, the Company shall be permitted, in limited circumstances, to delay the filing of a registration statement pursuant to this
Agreement and to suspend the use, from time to time, of the prospectus contained in any registration statement filed pursuant to this Agreement, by providing written notice (a “Suspension Notice”) to Blueapple and the Stockholders,
for such times as the Company reasonably may determine is necessary and advisable (but in no event for more than an aggregate of one-hundred twenty (120) days (or ninety (90) days if neither
Blueapple nor MDP has any Affiliate serving on the Company’s Board of Directors) in any rolling twelve (12) month period or more than seventy-five (75) consecutive days (except in each case as a result of a refusal by the Securities
and Exchange Commission to declare any post-effective amendment to any applicable registration statement after the Company has used its reasonable best efforts to cause such post-effective amendment to be declared effective in which case, the
Company must terminate the black-out period immediately following the effective date of the post-effective amendment)), if any of the following events (each, a “Suspension Event”) shall occur:

 (i)       a majority of the Board determines in good faith that
(A) the offer or sale of any Registrable Shares would materially impede, delay or interfere with any material proposed financing, offer or sale of securities, acquisition, corporate reorganization or other material transaction involving the
Company, (B) based on the advice of counsel, the sale of Registrable Securities pursuant to such registration statement would require disclosure of non-public material information not otherwise required
to be disclosed under applicable law, and (C) (1) the Company has a bona fide business purpose for preserving the confidentiality of such transaction, or (2) disclosure would have a material adverse effect on the Company or the
Company’s ability to consummate such transaction, in each case under circumstances that would make it impractical or inadvisable to cause the registration statement to become effective or to promptly amend or supplement the registration
statement on a post-effective basis, as applicable; or 
 (ii)       a
majority of the Board determines in good faith, upon the advice of counsel, that it is required by law, rule or regulation to supplement the registration statement or file a post-effective amendment to the registration statement in order to ensure
that the prospectus included in the registration statement (A) contains the information required under Section 10(a)(3) of the Securities Act; (B) discloses any facts or events arising after the effective date of the registration
statement (or of the most recent post-effective amendment) that, individually or in the aggregate, represents a fundamental change in the information set forth therein; or (C) discloses any material information with respect to the plan of
distribution that was not disclosed in the registration statement or any material change to such information. 

  
 7 

 Upon the occurrence of any such suspension, the Company shall use its reasonable
best efforts to cause the registration statement to become effective or to promptly amend or supplement the registration statement on a post effective basis or to take such action as is necessary to make resumed use of the registration statement as
soon as possible. 
 (b)       Any Suspension Notice delivered by the
Company shall state generally the basis for the notice and that such suspension shall continue only for so long as the Suspension Event or its effect is continuing. Each Stockholder agrees not to effect any sales of Registrable Shares pursuant to
the applicable prospectus and registration statement (or any related filings) at any time after it has received a Suspension Notice from the Company and prior to receipt of an End of Suspension Notice. If so directed by the Company, each Stockholder
will deliver to the Company (at the Company’s expense) all copies, other than permanent file copies then in such Stockholder’s possession, of the prospectus covering the Registrable Shares at the time of receipt of the Suspension Notice.
Holders may recommence effecting sales of Registrable Shares pursuant to the applicable prospectus and registration statement (or any related filings) following written notice to such effect delivered by the Company (an “End of Suspension
Notice”). The Company shall deliver an End of Suspension Notice to the Stockholders promptly, but no later than one Business Day, following the conclusion of any Suspension Event and its effect. 

(c)       Notwithstanding any provision herein to the contrary, if the
Company shall give a Suspension Notice with respect to any Shelf Registration Statement, the Company agrees that it shall, to the extent permitted under applicable law, extend the period of time during which such Shelf Registration Statement shall
be maintained effective pursuant to this Agreement by the number of days during the period from and including the date of the giving of notice to the holders of the Suspension Notice to and including the date of receipt by the holders of the End of
Suspension Notice and provide copies of the supplemented or amended prospectus contemplated in Section 3.1(f). 

1.10.       Selection of Underwriters.   Either MDP and the Call Option
Holder, on the one hand, or Blueapple, on the other hand, based upon whichever holds the largest number of Registrable Securities (with the Call Option Holder and Blueapple being counted as the holder of the Company-Offered Registrable Securities
for this purpose) included in a Demand Registration or Shelf Offering, shall have the right to select the underwriter(s) to administer any underwritten offering in connection with such Demand Registration or Shelf Offering, subject to the
Company’s approval which shall not be unreasonably withheld, conditioned or delayed. 

1.11.       Other Registration Rights.   The Company represents and
warrants that it is not a party to, or otherwise subject to, any other agreement granting registration rights to any other Person with respect to any securities of the Company, other than this Agreement and the LLC Agreement. Except as provided in
this Agreement and the LLC Agreement, the Company shall not grant to any Person the right to request the Company to register any equity securities of the Company, or any securities convertible or exchangeable into or exercisable for such securities,
without the written consent of MDP and Blueapple. 

  
 8 

	2.	 PIGGYBACK REGISTRATIONS. 

2.1.       Right to Piggyback.   Whenever the Company proposes to register
any of its equity securities under the Securities Act (other than pursuant to a Demand Registration, Sales Notice, Shelf Registration Statement or Shelf Offering, or in connection with registration on Form S-4
or Form S-8 or any successor or similar forms) and the registration form to be used may be used for the registration of Registrable Securities (a “Piggyback Registration”), the Company will
give prompt written notice to the Stockholders, the Call Option Holder and Blueapple (in accordance with Section 11.04 of the LLC Agreement) of its intention to effect such a registration and, subject to Sections 2.3 and 2.4
below, will include in such registration (and in all related registrations or qualifications under blue sky laws and in any related underwriting) (a) all Stockholder-Offered Registrable Securities with respect to which the Company has received
written requests for inclusion therein from Stockholders within five (5) Business Days after the delivery of the Company’s notice and (b) such number of Company-Offered Registrable Securities as necessary (i) to permit the
Company to purchase any Common Units that the Company has received a written request from Blueapple to purchase within five (5) Business Days after the delivery of the Company’s notice and (ii) if applicable, to permit the Company to
purchase all or such portion of the Call Option as requested by the Call Option Holder and to pay the exercise price therefor on the terms provided in the Exchange Agreement to the extent requested within five (5) Business Days after the
delivery of the Company’s notice. Each such Company notice shall specify the approximate number of Company equity securities to be registered. The Company shall have the right to select the underwriter(s) to administer any underwritten offering
in connection with such offerings. 
 2.2.       Priority on Primary
Registrations.   If a Piggyback Registration is an underwritten primary registration on behalf of the Company and the managing underwriter(s) or broker-dealer(s) advises the Company in writing that in its opinion the number of
securities requested to be included in such registration exceeds the Maximum Offering Amount, the Company will include in such registration: (a) first, the securities the Company proposes to sell that can be sold without exceeding the Maximum
Offering Amount (excluding any Company-Offered Registrable Securities), (b) second, to the extent that the Maximum Offering Amount has not been reached, the Registrable Securities, pro rata based on the number of Registrable Securities owned by each
Stockholder and by Blueapple and the Call Option Holder with respect to any Company-Offered Registrable Securities requested to be included in such Piggyback Registration, that can be sold without exceeding the Maximum Offering Amount, and
(c) third, to the extent that the Maximum Offering Amount has not been reached, any other securities requested to be included in such registration that can be sold without exceeding the Maximum Offering Amount; provided, that if such
underwriter(s) or broker-dealer(s) provide written notice advising in good faith, based upon the then prevailing market precedent and public investor expectations, that participation in the offering by any Management Stockholder would materially and
adversely affect the marketability of such offering, then Registrable Securities held by one or more Management Stockholders may be excluded (in whole or in part) from such offering, even if such exclusion would not treat such Management Stockholder
on a pro rata basis with the other holders of Registrable Securities. 

2.3.       Priority on Secondary Registrations.   If a Piggyback
Registration is an underwritten secondary registration on behalf of holders of Company securities (other than the holders of Registrable Securities), and the managing underwriter(s) or broker-dealer(s) advises the Company in writing that in its
opinion the number of securities requested to be included in such registration exceeds the Maximum Offering Amount, the Company will include in such registration: (a) first, the securities requested to be included therein by the applicable
holders requesting registration and the Registrable Securities requested to be included in such registration, pro rata based on the 

  
 9 

 
number of other securities and Registrable Securities initially requested to be included in such Piggyback Registration by each Stockholder and by Blueapple or the Call Option Holder with respect
to any Company-Offered Registrable Securities requested to be included in such Piggyback Registration, that can be sold without exceeding the Maximum Offering Amount, and (b) second, to the extent that the Maximum Offering Amount has not been
reached, all other such securities to be included in such registration that can be sold without exceeding the Maximum Offering Amount; provided, that if such underwriter(s) or broker-dealer(s) provide written notice advising in good faith,
based upon the then prevailing market precedent and public investor expectations, that participation in the offering by any Management Stockholder would materially and adversely affect the marketability of such offering, then Registrable Securities
held by one or more Management Stockholders may be excluded (in whole or in part) from such offering, even if such exclusion would not treat such Management Stockholder on a pro rata basis with the other holders of Registrable Securities. 

2.4.       Withdrawal of Piggyback Registration; Expenses.   The Company
(whether on its own determination or as the result of a withdrawal by Persons making a demand pursuant to written contractual obligations) may postpone or withdraw any registration statement constituting a Piggyback Registration in its sole
discretion at any time prior to the effectiveness of such registration statement. Notwithstanding any such withdrawal, the Company shall pay all Registration Expenses incurred in connection with such Piggyback Registration. 

 

	3.	 REGISTRATION AND COORDINATION GENERALLY. 

3.1.       Registration Procedures.   Whenever any Registrable Securities
are to be registered by the Company pursuant to this Agreement, the Company will use its reasonable best efforts to effect the registration and the sale of such Registrable Securities in accordance with the intended method of disposition thereof,
and, pursuant thereto, the Company will as expeditiously as possible: 

(a)       prepare and file with the Securities and Exchange Commission a
registration statement, and all amendments and supplements thereto and related prospectuses, with respect to such Registrable Securities and thereafter use its reasonable best efforts to cause such registration statement to become effective
(provided that before filing a registration statement or prospectus or any amendments or supplements thereto, the Company will furnish to any counsel designated in writing to the Company by any holder of Registrable Securities included in such
Registration Statement or prospectus copies of all such documents proposed to be filed, which documents will be subject to review by such counsel); 

(b)       notify each holder of Registrable Securities, and Blueapple if
Company-Offered Registrable Securities are being registered, and confirm the notice in writing, of (i) the issuance by the Securities and Exchange Commission of any stop order suspending the effectiveness of any registration statement or of any
order preventing or suspending the use of any preliminary prospectus, or of the suspension of the qualification of the registration statement for offering or sale in any jurisdiction or the initiation of any proceedings for that purpose,
(ii) the receipt by the Company or its counsel of any notification with respect to the suspension of the qualification of such Registrable 

  
 10 

 
Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose and (iii) the effectiveness of each registration statement or any post-effective
amendment to the registration statement filed hereunder or the filing of any supplement to the prospectus; 

(c)       prepare and file with the Securities and Exchange Commission such
amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary (i) to keep such registration statement effective (A) until the holders of Registrable Securities and the
Company, if Company-Offered Registrable Securities are being registered, have completed the distribution described in the registration statement relating to such distribution or, if such registration statement relates to an underwritten offering,
such longer period as in the opinion of counsel for the underwriters a prospectus is required by law to be delivered in connection with sales of Registrable Securities by an underwriter or dealer, or (B) in the case of a Shelf Registration
Statement, in accordance with Section 1.4 and Section 1.9(c) and (ii) to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such
registration statement until such time as all of such securities have been disposed of in accordance with the intended methods of disposition by the sellers thereof set forth in such registration statement; 

(d)       furnish to each seller of Registrable Securities such number of
copies of such registration statement, each amendment and supplement thereto, the prospectus included in such registration statement (including each preliminary prospectus), each Free Writing Prospectus and such other documents as such seller may
reasonably request in order to facilitate the disposition of the Registrable Securities owned by such seller; 

(e)       use its reasonable best efforts to register or qualify such
Registrable Securities under such other securities or blue sky laws of such jurisdictions as any seller reasonably requests and do any and all other acts and things which may be reasonably necessary or advisable to enable sales in such jurisdictions
of such Registrable Securities (provided that the Company will not be required to (i) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this subsection, (ii) subject
itself to taxation in respect of doing business in any such jurisdiction or (iii) consent to general service of process in any such jurisdiction); 

(f)       promptly notify each seller of such Registrable Securities, at
any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the discovery of the happening of any event as a result of which, the prospectus included in such registration statement
contains an untrue statement of a material fact or omits any fact necessary to make the statements therein not misleading in the light of the circumstances under which they were made, and, at the request of any such seller, the Company will prepare
and furnish to such seller a reasonable number of copies of a supplement or amendment to such prospectus so that, as thereafter delivered to the prospective purchasers of such Registrable Securities, such prospectus will not contain an untrue
statement of a material fact or omit to state any fact necessary to make the statements therein not misleading in the light of the circumstances under which they were made; 

  
 11 

 (g)       cause all such
Registrable Securities to be listed or quoted on each securities exchange on which similar securities issued by the Company are then listed or quoted or, if no Registrable Securities or similar securities are then so listed, use all reasonable best
efforts to, either, at the Company’s election, (i) cause all such Registrable Securities to be listed on a national securities exchange or (ii) to arrange for at least two (2) market makers to register as such with respect to
such shares with FINRA; 
 (h)       provide a transfer agent and
registrar for all such Registrable Securities not later than the effective date of such registration statement; 

(i)       enter into such customary agreements (including underwriting
agreements in customary form) and perform the Company’s obligations thereunder and take all such other actions as the underwriters, if any, reasonably request in order to expedite or facilitate the disposition of such Registrable Securities
(which might include effecting a stock split, combination of shares, recapitalization or reorganization); 

(j)       make available for inspection by any seller of Registrable
Securities, any underwriter participating in any disposition pursuant to such registration statement and any attorney, accountant or other agent retained by any such seller or underwriter, all financial and other records, pertinent corporate and
business documents and properties of the Company, and cause the Company’s officers, directors, employees, agents, representatives and independent accountants to supply all information reasonably requested by any such seller, underwriter;
attorney, accountant or agent in connection with such registration statement, and to cooperate and participate as reasonably requested by any such seller in road show presentations, in the preparation of the registration statement, each amendment
and supplement thereto, the prospectus included therein, and other activities as such seller may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such seller; 

(k)       take all reasonable actions to ensure that (i) any
prospectus or Free Writing Prospectus utilized in connection with any Demand Registration, Shelf Registration Statement or Piggyback Registration hereunder (A) complies in all material respects with the Securities Act, (B) is filed in
accordance with the Securities Act to the extent required thereby and is retained in accordance with the Securities Act to the extent required thereby, and (C) will not contain any untrue statement of a material fact or omit to state any
material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (ii) any registration statement filed and effective in connection with
any Demand Registration, Shelf Registration Statement or Piggyback Registration hereunder, when taken together with the related prospectus, will not contain any untrue statement of a material fact or omit to state any material fact required to be
stated therein or necessary to make the statements therein not misleading; 

(l)       otherwise use its reasonable best efforts to comply with all
applicable rules and regulations of the Securities and Exchange Commission, and make available to its security holders, as soon as reasonably practicable, but not later than sixteen (16) months after the effective date of the registration
statement, an earnings statement covering the 

  
 12 

 
period of at least twelve (12) months beginning with the first day of the Company’s first full calendar quarter after the effective date of the registration statement, which earnings
statement shall satisfy the provisions of Section 11(a) of the Securities Act and the rules thereunder (including Securities and Exchange Commission Rule 158 under the Securities Act); 

(m)       in the event of the issuance of any stop order suspending the
effectiveness of a registration statement, or of any order suspending or preventing the use of any related prospectus or suspending the qualification of any securities included in such registration statement for sale in any jurisdiction, the Company
will use its reasonable best efforts promptly to obtain the withdrawal of such order; 

(n)       use its reasonable best efforts to cause such Registrable
Securities covered by such registration statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the sellers thereof to consummate the disposition of such Registrable Securities;

 (o)       use its reasonable best efforts to make available the
executive officers of the Company to participate with the holders of Registrable Securities and any underwriters in any “road shows” or other selling efforts that may be reasonably requested by the holders in connection with the methods of
distribution for the Registrable Securities; 
 (p)       in connection
with any underwritten offering, obtain one or more comfort letters, dated the date of the execution and the closing under the underwriting agreement and addressed to the underwriters, signed by the Company’s independent public accountants in
the then-current customary form and covering such matters of the type customarily covered from time to time by comfort letters; 

(q)       in connection with any underwritten offering, provide a legal
opinion of the Company’s outside counsel, dated the date of the closing under the underwriting agreement and addressed to the underwriter(s), in a form reasonably acceptable to the managing underwriter(s) for such offering; 

(r)       cooperate with the sellers of Registrable Securities covered by
the registration statement and the managing underwriter(s), if any, to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legends) representing securities to be sold under the registration statement, and
enable such securities to be in such denominations and registered in such names as the managing underwriter(s), if any, or such holders may request; 

(s)       notify Designated Sellers’ Counsel of Registrable Securities
included in such registration statement and the managing underwriter(s), and confirm the notice in writing (i) of the receipt of any comments from the Securities and Exchange Commission, and (ii) of any request of the Securities and
Exchange Commission to amend the registration statement or amend or supplement the prospectus or for additional information; 

  
 13 

 (t)       use its reasonable
effort to prevent the issuance of any stop order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary prospectus; 

(u)       if requested by the managing underwriter(s) or any holder of
Registrable Securities covered by the registration statement, promptly incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter(s) or such holder reasonably requests to be included therein,
including, with respect to the number of Registrable Securities being sold by such holder to such underwriter or agent, the purchase price being paid therefor by such underwriter or agent and with respect to any other terms of the underwritten
offering of the Registrable Securities to be sold in such offering; and make all required filings of such prospectus supplement or post-effective amendment as soon as practicable after being notified of the matters incorporated in such prospectus
supplement or post-effective amendment; 
 (v)       if the Company files
an automatically-effective Shelf Registration Statement covering any Registrable Securities, use its reasonable best efforts to remain a WKSI (and not become an ineligible issuer (as defined in Rule 405 under the Securities Act)) during the period
during which such Shelf Registration Statement is required to remain effective; 

(w)       if the Company does not pay the filing fee covering the
Registrable Securities at the time a Shelf Registration Statement is filed, pay such fee at such time or times as the Registrable Securities are to be sold; and 

(x)       cooperate with each seller of Registrable Securities and each
underwriter or agent participating in the disposition of such Registrable Securities and their respective counsel in connection with any filings required to be made with FINRA. 

3.2.       Obligations of Holders of Registrable Securities. The
Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information relating to the sale or registration of such securities regarding such seller and the distribution of
such securities as the Company may from time to time reasonably request in writing. If any registration or comparable statement refers to any holder by name or otherwise as the holder of any securities of the Company and if in such holder’s
sole and exclusive judgment, such holder is or might be deemed to be an underwriter or a controlling person of the Company, such holder shall have the right to (i) require the insertion therein of language, in form and substance satisfactory to
such holder and presented to the Company in writing, to the effect that the holding by such holder of such securities is not to be construed as a recommendation by such holder of the investment quality of the Company’s securities covered
thereby and that such holding does not imply that such holder will assist in meeting any future financial requirements of the Company, or (ii) in the event that such reference to such holder by name or otherwise is not required by the
Securities Act or any similar federal statute then in force, require the deletion of the reference to such holder; provided that with respect to this clause (ii), if requested by the Company, such holder shall furnish to the Company an opinion of
counsel to such effect, which opinion and counsel shall be reasonably satisfactory to the Company. 

  
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 3.3.       Registration Expenses. 

(a)       All expenses incident to the Company’s performance of or
compliance with this Agreement, including all registration, qualification and filing fees, fees and expenses of compliance with securities or blue sky laws, FINRA fees, printing expenses, messenger and delivery expenses, fees and disbursements of
custodians, transfer agents and registrars and fees and expenses of counsel for the Company and all independent certified public accountants, underwriters (excluding discounts and commissions) and other Persons retained by the Company (all such
expenses being herein called “Registration Expenses”), will be paid by the Company in respect of each Demand Registration, Shelf Registration Statement, Shelf Offering and Piggyback Registration, whether or not it has become
effective or a sale is consummated, including that the Company will pay its internal expenses (including all salaries and expenses of its officers and employees performing legal or accounting duties), the expense of any annual audit or quarterly
review, the expense of any liability insurance and the expenses and fees for listing the securities to be registered on each securities exchange on which similar securities issued by the Company are then listed. 

(b)       In connection with each Demand Registration, Shelf Registration
Statement, Shelf Offering and Piggyback Registration, whether or not it has become effective or a sale has been consummated, the Company will pay and reimburse the holders of Registrable Securities covered by such registration for the payment of,
the reasonable fees and disbursements of one counsel selected by the holders of a majority of the Registrable Securities included in the applicable registration statement or being offered in connection with any Shelf Offering (such counsel,
“Designated Sellers’ Counsel”), as well as the reasonable fees and disbursements of each additional counsel retained by a holder of Registrable Securities for the purpose of rendering a legal opinion on behalf of such holder in
connection with an underwritten offering or any offering where the underwriter(s) or broker dealer(s) request an opinion covering such holder, and such expenses shall be considered Registration Expenses hereunder. 

3.4.       Underwritten Offerings. 

(a)       No Person may participate in any registration hereunder which is
underwritten unless such Person (i) agrees to sell such Person’s securities on the basis provided in any underwriting arrangements approved by the Person or Persons entitled hereunder to approve such arrangements (including, pursuant to
the terms of any over-allotment or “green shoe” option requested by the managing underwriter(s), provided that no holder of Registrable Securities will be required to sell more than the number of Registrable Securities that such holder has
requested the Company to include in any registration) and (ii) timely completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements, custody agreements (if reasonably requested by the managing underwriter)
and other documents reasonably required under the terms of such underwriting arrangements; provided that no such Person shall be required to undertake any indemnification obligations to the Company that are materially more burdensome than
those provided in Section 4. 

  
 15 

 (b)       In the case of an
underwritten offering initiated in response to a Demand Registration, the price, underwriting discount and other financial terms shall be determined by either MDP and the Call Option Holder, on the one hand, or Blueapple, on the other hand,
whichever holds the largest number of Registrable Securities included in the Demand Registration (with Blueapple and the Call Option Holder being counted as the holder of the Company-Offered Registrable Securities for this purpose). 

(c)       In the case of an underwritten offering, the Company shall use
its reasonable best efforts to cause its directors and executive officers to enter into a customary lockup agreement if requested by the underwriters managing the offering providing that such directors and executive officers will not effect any
sale, transfer or distribution of Company equity securities, or any securities, options or rights convertible into or exchangeable or exercisable for such securities during a specified period of time, in each case subject to carve-outs and
exceptions as acceptable by the underwriters managing the offering; provided that such lockup agreement shall not be more restrictive than the lockup agreement delivered by MDP to the underwriters. In addition, the Company shall enter into a
customary lockup agreement if requested by the underwriters managing the offering providing that the Company shall not file any registration statement for a public offering or cause any such registration statement to become effective, or effect any
public sale or distribution of its equity securities, or any securities, options or rights convertible into or exchangeable or exercisable for such securities during the foregoing period, in each case subject to carve-outs and exceptions as
acceptable by the underwriters managing the offering. 
 (d)       Each
Person that is participating in any registration hereunder agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 3.1(f) above, such Person will forthwith
discontinue the disposition of its Registrable Securities pursuant to the registration statement until such Person’s receipt of the copies of a supplemented or amended prospectus as contemplated by such Section 3.1(f).
In the event the Company shall give any such notice, the applicable time period mentioned in Section 3.1(c) during which a Registration Statement is to remain effective shall be extended by the number of days during the
period from and including the date of the giving of such notice pursuant to this paragraph to and including the date when each seller of a Registrable Security covered by such registration statement shall have received the copies of the supplemented
or amended prospectus contemplated by Section 3.1(f). 

3.5.       Current Information; Rule 144 Reporting.   At all times after
the Company has filed a registration statement with the Securities and Exchange Commission pursuant to the requirements of either the Securities Act or the Exchange Act, the Company will use its reasonable efforts to timely file all reports required
to be filed by it under the Securities Act and the Exchange Act, and will take such further action as any holder of Registrable Securities may reasonably request, all to the extent required to enable such holders to sell Registrable Securities
pursuant to Securities Act Rule 144. In furtherance of the foregoing, so long as any party hereto owns any Registrable Securities, the Company will furnish to such Person forthwith upon request a written statement by the Company as to its compliance
with the reporting requirements of Rule 144 (at any time commencing ninety (90) days after the effective date of the first registration filed by the 

  
 16 

 
Company for an offering of the Company’s securities to the general public), the Securities Act and the Exchange Act; a copy of the most recent annual or quarterly report publicly filed by
the Company; and such other publicly filed reports and documents as such Person may reasonably request in availing itself of any rule or regulation of the Securities and Exchange Commission allowing such Person to sell any such securities without
registration. 
 3.6.       In Kind Distributions. If MDP or any of its Affiliates
seek to effectuate an in-kind distribution of all or part of its Registrable Securities to its direct or indirect equity holders, the Company shall cooperate with MDP and use its reasonable best efforts to
facilitate such in-kind distribution in the manner reasonably requested. 
  

	4.          	INDEMNIFICATION. 

4.1.       Indemnification by the Company.   The Company agrees to
indemnify and hold harmless, to the fullest extent permitted by law, each holder of Registrable Securities and, as applicable, its officers, directors, trustees, employees, stockholders, holders of beneficial interests, members, general and limited
partners, agents and representatives (collectively, such holder’s “Indemnitees”) and each Person who controls such holder (within the meaning of the Securities Act) against any and all losses, claims, actions, damages,
liabilities and expenses (including reasonable attorney’s fees and expenses), to which such holder or any such Indemnitee may become subject under the Securities Act or otherwise, insofar as such losses, claims, actions, damages, liabilities or
expenses (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of, result from or are based upon (a) any untrue or alleged untrue statement of material fact contained in any registration statement,
prospectus or preliminary prospectus or any amendment thereof or supplement thereto, together with any documents incorporated therein by reference or any application or other document or communication (in this Section 4, collectively
called an “application”) executed by or on behalf of the Company or based upon written information furnished by or on behalf of the Company filed in any jurisdiction in order to qualify any securities covered by such registration
under the securities laws thereof, (b) any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading or (c) any violation or alleged violation by the Company of
the Securities Act or any other similar federal or state securities laws or any rule or regulation promulgated thereunder applicable to the Company and relating to action or inaction required of the Company in connection with any such registration,
qualification or compliance. In addition, the Company will reimburse such holder and each of its Indemnitees for any legal or any other expenses, including any amounts paid in any settlement effected with the consent of the Company, which consent
will not be unreasonably withheld or delayed, incurred by them in connection with investigating or defending any such loss, claim, liability, action or proceeding; provided, however, that the Company shall not be liable in any such
case to the extent that any such loss, claim, action, damage, liability or expense (or action or proceeding in respect thereof) arises out of, results from or is based upon an untrue statement or alleged untrue statement, or omission or alleged
omission, made in such registration statement, any such prospectus or preliminary prospectus or any amendment or supplement thereto, or in any application, in reliance upon, and in conformity with, written information relating to such holder or its
Registrable Securities furnished to the Company by such holder expressly for use therein. In connection with an underwritten offering, the Company will indemnify such underwriters, their officers and directors and each Person who controls such
underwriters (within the meaning of the Securities Act) in such form as shall be reasonably acceptable to such underwriters. 

  
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 4.2.       Indemnification by Holders of
Registrable Securities.   In connection with any registration statement in Registrable Securities are being offered, each holder of Registrable Securities being offered will furnish to the Company in writing such information relating
to such holder or its Registrable Securities as the Company reasonably requests for use in connection with any such registration statement or prospectus and, to the fullest extent permitted by law, will indemnify and hold harmless the Company and
its Indemnitees against any losses, claims, damages, liabilities and expenses to which the Company or any such Indemnitee may become subject under the Securities Act or otherwise, insofar as such losses, claims, damages, liabilities and expenses (or
actions or proceedings, whether commenced or threatened, in respect thereof) arise out of, result from or are based upon (a) any untrue or alleged untrue statement of material fact contained in the registration statement, prospectus or
preliminary prospectus or any amendment thereof or supplement thereto or in any application, together with any documents incorporated therein by reference or (b) any omission or alleged omission of a material fact required to be stated therein
or necessary to make the statements therein not misleading, but only to the extent that such untrue statement (or alleged untrue statement) or omission (or alleged omission) is made in such registration statement, any such prospectus or preliminary
prospectus or any amendment or supplement thereto, or in any application, in reliance upon and in conformity with written information relating to such holder or its Registrable Securities furnished to the Company by such holder expressly for use
therein, and such holder will reimburse the Company and each such Indemnitee for any legal or any other expenses including any amounts paid in any settlement effected with the consent of such holder, which consent will not be unreasonably withheld
or delayed, incurred by them in connection with investigating or defending any such loss, claim, liability, action or proceeding; provided, however, that the obligation to indemnify will be individual (and not joint and several) to
each holder and will be limited to the net amount of proceeds received by such holder from the sale of Registrable Securities pursuant to such registration statement. 

4.3.       Procedure.   Any Person entitled to indemnification hereunder
will (a) give prompt written notice to the indemnifying party of any claim with respect to which it seeks indemnification (provided, that the failure of any indemnified party to give such notice shall not relieve the indemnifying party of its
obligations hereunder, except to the extent that the indemnifying party is actually prejudiced by such failure to give such notice), and (b) unless in such indemnified party’s reasonable judgment a conflict of interest between such
indemnified and indemnifying parties may exist with respect to such claim, permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party. The indemnifying party will not be subject
to any liability for any settlement made by the indemnified party without its consent (but such consent will not be unreasonably withheld or delayed). An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim will
not be obligated to pay the fees and expenses of more than one counsel for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified party a conflict of interest may exist
between such indemnified party and any other of such indemnified parties with respect to such claim. In such instance, the conflicted indemnified parties shall have a right to retain separate counsel, at the expense of the indemnifying party. 

  
 18 

 4.4.       Entry of Judgment;
Settlement.   The indemnifying party shall not, except with the approval of each indemnified party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the
claimant or plaintiff to each indemnified party of a release from all liability in respect to such claim or litigation without any payment or consideration provided by such indemnified party. 

4.5.       Contribution.   If the indemnification provided for in this
Section 4 is, other than expressly pursuant to its terms, unavailable to or is insufficient to hold harmless an indemnified party under the provisions above in respect of any losses, claims, damages, liabilities or expenses referred to
therein, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages, liabilities or expenses (a) in such proportion as is appropriate to reflect the relative
benefits received by the Company on the one hand and the sellers of Registrable Securities and any other sellers participating in the registration statement on the other hand from the sale of Registrable Securities pursuant to the registered
offering of securities as to which indemnity is sought or (b) if the allocation provided by clause (a) above is not permitted by applicable law, in such proportion as is appropriate to reflect the relative benefits referred to in clause
(a) above but also the relative fault of the Company on the one hand and of the sellers of Registrable Securities and any other sellers participating in the registration statement on the other hand in connection with the statement or omissions
which resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative benefits received by the Company on the one hand and the sellers of Registrable Securities and any other sellers
participating in the registration statement on the other hand shall be deemed to be in the same proportion as the total net proceeds from the offering (before deducting expenses) to the Company bear to the total net proceeds from the offering
(before deducting expenses) to the sellers of Registrable Securities and any other sellers participating in the registration statement. The relative fault of the Company on the one hand and of the sellers of Registrable Securities and any other
sellers participating in the registration statement on the other hand shall be determined by reference to, among other things, whether the untrue or alleged statement or omission to state a material fact relates to information supplied by the
Company or by the sellers of Registrable Securities or other sellers participating in the registration statement and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or
omission. 
 The Company and the sellers of Registrable Securities agree that it would not be just and equitable if
contribution pursuant to this Section 4 were determined by pro rata allocation (even if the sellers of Registrable Securities were treated as one entity for such purpose) or by any other method of allocation which does not
take account of the equitable considerations referred to in the immediately preceding paragraph. The amount paid or payable by an indemnified party as a result of the losses, claims, damages, liabilities and expenses referred to in the immediately
preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim.
Notwithstanding the provisions of this Section 4, no seller of Registrable Securities shall be required to contribute any amount in excess of the net proceeds received by such seller from the sale of Registrable Securities
covered by the registration statement filed pursuant hereto. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of
such fraudulent misrepresentation. 

  
 19 

 4.6.       Other Rights;
Survival.   The indemnification and contribution by any such party provided for under this Agreement shall be in addition to any other rights to indemnification or contribution which any indemnified party may have pursuant to law or
contract and will remain in full force and effect regardless of any investigation made or omitted by or on behalf of the indemnified party or any officer, director, employee, agent, each Person who participates as an underwriter in the offering or
sale of securities or controlling Person of such indemnified party and will survive the transfer of Registrable Securities and the termination or expiration of this Agreement. 

4.7.       Indemnification Payments.   The indemnification required by
this Section 4 shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when bills or invoices relating thereto are received or liability is incurred, subject to refund if the
party receiving such payments is subsequently found not to have been entitled thereto hereunder. 
  

	5.	 DEFINITIONS AND RULES OF CONSTRUCTION. 

5.1.       Definitions.   Unless otherwise noted herein, the following
terms shall have the meanings assigned to them below.  
 “Affiliate” of any particular Person shall
mean any other Person controlling, controlled by or under common control with such particular Person, where “control” means the possession, directly or indirectly, of the power to direct the management and policies of a Person
whether through the ownership of voting securities, by contract or otherwise. The Company and its Subsidiaries shall not be deemed to be Affiliates of (i) any holder of Registrable Securities or (ii) Blueapple or any of its Affiliates.

 “Board” shall mean the Board of Directors of the Company. 

“Call Option” has the meaning set forth in the Exchange Agreement. 

“Call Option Holder” has the meaning set forth in the Exchange Agreement. 

“Call Option Issuer” has the meaning set forth in the Exchange Agreement. 

“Call Option Put Notice” has the meaning set forth in the Exchange Agreement. 

“Class A Common Stock” shall mean the Class A common stock, no par value, of the
Company, and any stock into which any such Class A common stock shall have been changed, exchanged or converted or any stock resulting from any reclassification of any such Class A common stock. 

“Common Units” has the meaning set forth in the LLC Agreement. 

“Company-Offered Registrable Securities” shall mean shares of Class A Common Stock offered and sold by
the Company in order to satisfy (i) the Company’s obligations under the LLC Agreement to use commercially reasonable efforts to issue and sell shares of Class A Common Stock in an underwritten offering and to use the proceeds of such
offering to purchase Common 

  
 20 

 
Units from Blueapple as set forth therein or (ii) the Company’s obligation under the Exchange Agreement to use commercially reasonable efforts to issue and sell shares of Class A
Common Stock in an underwritten offering and to use the proceeds of such offering to purchase the Call Option from the Call Option Holder and immediately exercise the Call Option and pay the exercise price to the Call Option Issuer as set forth
therein. 
 “Demand Registrations” shall mean any registration effected pursuant to
Section 1.1. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934. 

“Exchange Agreement” shall mean the Exchange Agreement, dated as of [●], by and among EVO Investco,
LLC, the Company, the holders of Common Units and shares of the Company’s Class C Common Stock or Class D Common Stock and the Call Option Holder. 

“Family Member” shall mean, with respect to a Person who is an individual, (i) such individual’s
spouse and descendants (whether natural or adopted) (collectively, for purposes of this definition, “relatives”), (ii) such individual’s executor or personal representative, (iii) any trust, the trustee of which is such
individual or such individual’s executor or personal representative and which at all times is and remains solely for the benefit of such individual and/or such individual’s relatives, (iv) any corporation, limited partnership, limited
liability company or other tax flow-through entity the governing instruments of which provide that such individual or such individual’s executor or personal representative shall have the exclusive, nontransferable power to direct the management
and policies of such entity and of which the sole owners of stock, partnership interests, membership interests or any other equity interests are limited to such individual, such individual’s relatives and/or the trusts described in clause
(iii) above, and (v) any retirement plan for such individual or such individual’s relatives. 

“FINRA” shall mean the Financial Industry Regulatory Authority, Inc. (or any successor thereto). 

“Free Writing Prospectus” shall mean a free-writing prospectus, as defined in Rule 405. 

“LLC Agreement” shall mean the Second Amended and Restated Limited Liability Company Agreement of EVO
Investco, LLC, dated [●]. 
 “Person” shall mean any individual, partnership, corporation, company,
association, trust, joint venture, limited liability company, unincorporated organization, entity or division, or any government, governmental department or agency or political subdivision thereof. 

“Potential Takedown Participants” shall mean (i) any Stockholder with Registrable Securities covered by
the applicable Shelf Registration Statement or all Stockholders if such Shelf Registration Statement is undesignated, (ii) Blueapple to the extent the applicable Shelf Registration Statement registers Company-Offered Registrable Securities for
sale in a primary offering, and (iii) the Call Option Holder to the extent the applicable Shelf Registration Statement registers Company-Offered Registrable Securities for sale in a primary offering. 

“Registrable Securities” shall mean Company-Offered Registrable Securities and Stockholder-Offered
Registrable Securities. 

  
 21 

 “Rule 144” shall mean Securities and Exchange Commission Rule
144 under the Securities Act. 
 “Rule 405” shall mean Securities and Exchange Commission Rule 405 under
the Securities Act. 
 “Sale Notice” has the meaning set forth in the LLC Agreement. 

“Securities Act” shall mean the Securities Act of 1933. 

“Securities and Exchange Commission” includes any governmental body or federal agency at the time
administering the Securities Act and Exchange Act. 
 “Stockholder-Offered Registrable Securities” shall
mean any shares of Class A Common Stock owned by the Stockholders, whether now held or hereafter acquired, including shares of Class A Common Stock issuable or issued upon conversion of or in exchange for other securities issued by the
Company or any of its Subsidiaries (including shares of Class A Common Stock issued or issuable pursuant to the Exchange Agreement) or by way of unit or stock dividend or unit or stock split, or in connection with a combination of shares,
recapitalization, merger, consolidation or other reorganization. As to any particular shares constituting Stockholder-Offered Registrable Securities, such shares will cease to be Stockholder-Offered Registrable Securities upon the earliest of when
such shares (i) have been effectively registered under the Securities Act and disposed of or sold in accordance with the registration statement covering them, (ii) have been sold to the public in compliance with Rule 144, (iii) are
eligible for sale pursuant to Rule 144 (without regard to the limitations in Rule 144 concerning the manner of sale, volume of sales or publication of current public information by the Company) and the aggregate number of shares of Class A
Common Stock beneficially owned by the applicable Stockholder is less than 2% of the aggregate number of shares of Class A Common Stock outstanding and (iv) have been repurchased by the Company or a Subsidiary of the Company, in each case
in compliance with this Agreement. For purposes of this Agreement, a Person will be deemed to be a holder of Stockholder-Offered Registrable Securities whenever such Person has the right to acquire directly or indirectly such Stockholder-Offered
Registrable Securities (upon conversion or exercise in connection with a transfer of securities or otherwise, but disregarding any restrictions or limitations upon the exercise of such right), whether or not such acquisition has actually been
effected. 
 “Subsidiary” shall mean, with respect to the Company, any corporation, limited liability
company, partnership, association or other business entity of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of
directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by the Company or one or more of the other Subsidiaries of the Company or a combination thereof, or (ii) if a limited liability company,
partnership, association or other business entity, a majority of the limited liability company, partnership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by the Company or one or more
Subsidiaries of the Company or a combination thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity if such Person or
Persons shall be allocated a majority of limited liability company, partnership, association or other business entity gains or losses or shall be or control the managing director or general partner of such limited liability company, partnership,
association or other business entity. 

  
 22 

 “WKSI” shall mean a “well-known seasoned issuer” as
defined under Rule 405. 
 5.2.       Rules of Construction.  
Capitalized terms used in this Agreement that are not defined in Section 5.1 have the meanings specified elsewhere in this Agreement. Defined terms used in this Agreement in the singular shall import the plural and vice versa. Whenever
the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. All references herein to Articles, Sections, and Schedules shall be deemed to be references to Articles and Sections of, and Schedules to,
this Agreement unless the context shall otherwise require. All Schedules attached hereto shall be deemed incorporated herein as if set forth in full herein and, unless otherwise defined therein, all terms used in any Schedule shall have the meaning
ascribed to such term in this Agreement. The words “include,” “includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The words “hereof,” “herein” and
“hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. Any statute or laws defined or referred to herein shall include any rules,
regulations or forms promulgated thereunder from time to time, and references to such statutes, laws, rules, regulations and forms shall be to such statutes, laws, rules, regulations and forms as they may be from time to time, amended, amended and
restated, modified or supplemented, including by succession of comparable statutes, laws, rules, regulations and forms. Unless otherwise expressly provided herein, any agreement or instrument defined or referred to herein or in any agreement or
instrument that is referred to herein means such agreement or instrument as from time to time amended, amended and restated, modified or supplemented, including (in the case of agreements or instruments) by waiver or consent and references to all
attachments thereto and instruments incorporated therein. Any reference to the number of shares of Class A Common Stock or number of Common Units means such shares of Class A Common Stock or Common Units as appropriately adjusted to give
effect to any unit or stock dividend or unit or stock split, share combinations or exchanges, recapitalizations, mergers, consolidation or other reorganization of the Company or its capital structure.  

 

	6.	 MISCELLANEOUS. 

6.1.       No Inconsistent Agreements.   The Company will not hereafter
enter into any agreement with respect to its securities which is inconsistent with or violates the rights granted to the holders of Registrable Securities in this Agreement.  

6.2.       Adjustments Affecting-Registrable Securities.
  The provisions of this Agreement shall apply to the full extent set forth herein with respect to any and all securities of the Company or any successor or assign of the Company (whether by merger, consolidation, sale of assets or
otherwise) that may be issued in respect of, in exchange for or in substitution of, the Registrable Securities, and shall be appropriately adjusted for combinations, splits, recapitalizations or similar transactions occurring after the date of this
Agreement. 
 6.3.       Remedies.   The parties hereto agree and
acknowledge that money damages may not be an adequate remedy for any breach of the provisions of this Agreement and that, in addition to any other rights and remedies at law or in equity existing in its favor, any party shall be entitled to

  
 23 

 
specific performance and/or other injunctive relief from any court of law or equity of competent jurisdiction (without posting any bond or other security) in order to enforce or prevent violation
of the provisions of this Agreement. 
 6.4.       Amendment and Waiver.
  This Agreement may be amended, modified, extended, terminated or waived (an “Amendment”), and the provisions hereof may be waived, only by an agreement in writing signed by MDP and Blueapple; provided that to the
extent any such amendment, modification, extension, termination or waiver materially and adversely affects the specific rights of the Stockholders (other than MDP) in a manner differently than MDP and Blueapple, such amendment, modification,
extension, termination or waiver shall not be binding on the Stockholders (other than MDP) without the prior written consent of the Stockholders (other than MDP) holding a majority of Stockholder-Offered Registrable Securities, other than any
Stockholder-Offered Registrable Securities held by MDP. The admission of new parties pursuant to the terms of Section 6.5 shall not constitute an amendment of this Agreement for purposes of this Section 6.4. In conformity
with the foregoing, each such Amendment shall be binding upon each party hereto and each Stockholder subject hereto. In addition, each party hereto and each Stockholder subject hereto may waive any right hereunder, as to itself, by an instrument in
writing signed by such party or Stockholder. The failure of any party to enforce any provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such party thereafter to enforce each and
every provision of this Agreement in accordance with its terms. To the extent the Amendment of any Section of this Agreement would require a specific consent pursuant to this Section 6.4, any Amendment to the definitions used in such
Section as applied to such Section shall also require the same specified consent. 

6.5.       Successors and Assigns; Transferees.   This Agreement shall be
binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors and assigns. Any transferee receiving Registrable Securities or any transferee of Paired Interests (as defined in the Exchange
Agreement) shall become a Stockholder, party to this Agreement and subject to the terms and conditions of, and be entitled to enforce, this Agreement to the same extent, and in the same capacity, as the Person that transfers such shares to such
transferee; provided that (i) such transferee shall not have any rights, and shall not be entitled to enforce, this Agreement unless and until such transferee executes and delivers to the Company a written agreement, in form and
substance reasonably satisfactory to the Company, to be bound by the terms and conditions of this Agreement, (ii) a transferee of a Management Stockholder will be deemed to be entitled to enforce this Agreement only to the same extent, and in
the same capacity, as such transferring Management Stockholder and (iii) the rights of MDP hereunder may be transferred by MDP in whole or in part.  

6.6.       Reserved.  

6.7.       Severability.   Whenever possible, each provision of this
Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or the effectiveness or validity of any provision in any other jurisdiction, and this Agreement shall be reformed, construed and enforced in such
jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. 

  
 24 

 6.8.       Counterparts.
  This Agreement may be executed in separate counterparts (including by means of facsimile or electronic transmission in portable document format (pdf)), each of which shall be an original and all of which taken together shall constitute
one and the same Agreement. 
 6.9.       Descriptive Headings; No Strict
Construction.   The descriptive headings of this Agreement are inserted for convenience only and do not constitute a part of this Agreement. The parties hereto agree that they have participated jointly in the drafting of this Agreement
and, therefore, waive the application of any law, holding or rule of construction providing that ambiguities in an agreement or other document will be construed against the party drafting such agreement or document. 

6.10.     Notices.   Any notices and other communications required or permitted in
this Agreement shall be effective if in writing and (a) delivered personally, (b) sent by email, or (c) sent by overnight courier, in each case, addressed as follows: 

The Company: 
 EVO
Investco, LLC 
 Ten Glenlake Parkway, South Tower, Suite 900 

Atlanta, Georgia 30328 

Attention: Steven J. de Groot, General Counsel 

Email: steve.degroot@evopayments.com 

with a copy to (which shall not constitute notice): 

King & Spalding LLP 

1180 Peachtree Street 
 Atlanta,
Georgia 30309 
 Attention:       Keith M. Townsend 

                       
Zachary L. Cochran 
 Email:      ktownsend@kslaw.com 

                 zcochran@kslaw.com 

MDP: 
 Madison Dearborn
Partners, LLC 
 Three First National Plaza 

Suite 4600 
 Chicago, Illinois
60602 
 Attention:      Vahe A. Dombalagian 

                      Edward M.
Magnus 
 Email:      vdombalagian@mdcp.com 

                 emagnus@mdcp.com 

  
 25 

 with a copy to (which shall not constitute notice): 

Kirkland & Ellis LLP 

300 North LaSalle St. 
 Chicago,
Illinois 60654 
 Attention:      Jon A. Ballis, P.C. 

                      Neal J.
Reenan, P.C. 

                      Carol Anne
Huff 
 Email:      jon.ballis@kirkland.com 

                 neal.reenan@kirkand.com 

                 carolanne.huff@kirkland.com 

If to Blueapple or any other Stockholder, to it at the address set forth on Schedule I attached hereto, or if not set forth thereon, in
the records of the Company, and if to a Management Stockholder, with copies (which shall not constitute notice) to: 
 Ten Glenlake
Parkway, South Tower, Suite 900 
 Atlanta, Georgia 30328 

Attention: Steven J. de Groot, General Counsel 

Email: steve.degroot@evopayments.com 

Notice to the holder of record of any security shall be deemed to be notice to the holder of such security for all purposes hereof. 

Unless otherwise specified herein, such notices or other communications shall be deemed effective (x) on the date
received, if personally delivered, (y) on the date sent if transmitted by email (so long as a receipt of such e-mail is acknowledged by non-automated response) and
(z) two business days after being sent by overnight courier. Each of the parties hereto shall be entitled to specify a different address by giving notice as aforesaid to each of the other parties hereto. 

6.11.     Electronic Delivery.   This Agreement and any signed agreement or
instrument entered into in connection herewith or contemplated hereby, and any amendments hereto or thereto, to the extent signed and delivered by means of a facsimile machine or electronic mail, shall be treated in all manner and respects as an
original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any party hereto or to any such agreement or instrument, each
other party hereto or thereto shall re-execute original forms thereof and deliver them to all other parties. No party hereto or to any such agreement or instrument shall raise the use of a facsimile machine or
electronic mail to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of a facsimile machine or electronic mail as a defense to the formation or enforceability of a contract
and each such party forever waives any such defense. 
 6.12.     Governing Law; Consent to
Jurisdiction; WAIVER OF JURY TRIAL. 
 (a)    All issues and questions concerning
the construction, validity, enforcement and interpretation of this Agreement (and all Schedules and Exhibits hereto) shall be governed by, and construed in accordance with, the laws of the State of Delaware without giving effect to any choice of law
or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of 

  
 26 

 
any jurisdiction other than the State of Delaware. In furtherance of the foregoing, the internal law of the State of Delaware shall control the interpretation and construction of this Agreement
(and all Schedules and Exhibits hereto), even though under that jurisdiction’s choice of law or conflict of law analysis, the substantive law of some other jurisdiction would ordinarily apply. 

(b)       The parties hereto agree that jurisdiction and venue in any
action brought by any party pursuant to this Agreement shall properly (but not exclusively) lie in the Court of Chancery of the State of Delaware (or, if such court lacks subject matter jurisdiction, in any appropriate state or federal court in the
State of Delaware) and any federal or state court located in the State of Delaware from which appeal therefrom validly lies. By execution and delivery of this Agreement, each party irrevocably submits to the jurisdiction of such courts for itself
and in respect of its property with respect to such action. The parties irrevocably agree that venue would be proper in such court, and hereby waive any objection that such court is an improper or inconvenient forum for the resolution of such
action. The parties further agree that the mailing by certified or registered mail, return receipt requested, of any process required by any such court shall constitute valid and lawful service of process against them, without necessity for service
by any other means provided by statute or rule of court. 
 (c)       AS
A SPECIFICALLY BARGAINED INDUCEMENT FOR EACH OF THE PARTIES TO ENTER INTO THIS AGREEMENT (WITH EACH PARTY HAVING HAD OPPORTUNITY TO CONSULT COUNSEL), EACH OF THE PARTIES EXPRESSLY AND IRREVOCABLY WAIVES THE RIGHT TO A TRIAL BY JURY IN ANY ACTION OR
PROCEEDING UNDER THIS AGREEMENT OR ANY ACTION OR PROCEEDING ARISING OUT OF THE TRANSACTIONS CONTEMPLATED HEREBY OR ANY OTHER TRANSACTION DOCUMENT, REGARDLESS OF WHICH PARTY INITIATES SUCH ACTION OR PROCEEDING, AND ANY ACTION OR PROCEEDING UNDER THIS
AGREEMENT OR ANY ACTION OR PROCEEDING ARISING OUT OF THE TRANSACTIONS CONTEMPLATED HEREBY OR ANY OTHER TRANSACTION DOCUMENT SHALL BE TRIED IN A COURT OF COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A JURY. 

6.13.     Exercise of Rights and Remedies.   No delay of or omission in the exercise
of any right, power or remedy accruing to any party as a result of any breach or default by any other party under this Agreement shall impair any such right, power or remedy, nor shall it be construed as a waiver of or acquiescence in any such
breach or default, or of any similar breach or default occurring later; nor shall any such delay, omission nor waiver of any single breach or default be deemed a waiver of any other breach or default occurring before or after that waiver. 

6.14.     Aggregation of Registrable Securities; Enforcement of Rights by Blueapple. 

(a)       All Registrable Securities held by a Stockholder, its Affiliates
and other Person(s) included within the definition of such Stockholder shall be aggregated together for purposes of determining the availability of any rights or incurrence of any obligations under this Agreement. For the avoidance of doubt, the
control by any Person of any Registrable Security deemed to be held by a Stockholder confers no right hereunder other than those granted to such Stockholder. 

  
 27 

 (b)       Although Blueapple
does not now and will not in connection with any registration pursued pursuant to this Agreement hold any Class A Common Stock, Blueapple shall be treated as the “holder” of any Company-Offered Registrable Securities included in any
registration statement to permit the Company to satisfy the Company’s obligations in connection with receipt of a Sale Notice for purposes of determining the availability of any rights or incurrence of any obligations under this Agreement.
Blueapple shall be entitled to enforce the terms and provisions of this Agreement, and shall be entitled to indemnification and required to provide indemnification under Article IV, as though a “holder” of such Company-Offered
Registrable Securities. The rights and obligations of Blueapple shall apply regardless whether treatment of Blueapple as a “holder” of any Registrable Securities is specified in any term or provision of this Agreement. 

(c)       Although the Call Option Holder does not hold any Class A
Common Stock, the Call Option Holder shall be treated as the “holder” of any Company-Offered Registrable Securities included in any registration statement to satisfy the Company’s obligations in connection with receipt of a Call
Option Put Notice for purposes of determining the availability of any rights or incurrence of any obligations under this Agreement. The Call Option Holder shall be entitled to enforce the terms and provisions of this Agreement, and shall be entitled
to indemnification and required to provide indemnification under Article IV, as though a “holder” of such Company-Offered Registrable Securities. The rights and obligations of the Call Option Holder shall apply regardless whether
treatment of the Call Option Holder as a “holder” of any Registrable Securities is specified in any term or provision of this Agreement. 

(d)       For purposes of this Agreement, any decision to be made or right
to be exercised by any group of holders of Registrable Securities shall be made by such Person(s) holding at least a majority of such Registrable Securities as of the date on which such action is to be taken or such right is to be exercised. 

6.15.     Independent Nature of Each Holder’s
Obligations.   The obligations of each holder of Registrable Securities and Blueapple under this Agreement are several and not joint, and no holder of Registrable Securities or Blueapple shall be responsible in any way for the
performance of the obligations of any other holder of Registrable Securities or Blueapple, as applicable, under this Agreement. Nothing contained herein, and no action taken by any holder of Registrable Securities or Blueapple pursuant hereto,
shall be deemed to constitute such Holder or Blueapple as a partnership, an association, a joint venture or any other kind of group or entity, or create a presumption that the holders of Registrable Securities and Blueapple are in any way acting in
concert or as a group with respect to such obligations or the transactions contemplated by this Agreement.

6.16.     Dilution.   If, from time to time, there is any change in the capital
structure of the Company by way of a split, dividend, combination or reclassification, or through a merger, consolidation, reorganization or recapitalization, or by any other means, appropriate adjustment shall be made in the provisions hereof so
that the rights and privileges granted hereby shall continue. 

  
 28 

 6.17.     Replacement of Prior Agreement;
Effectiveness.   This Agreement shall replace in its entirety the Prior Registration Rights Agreement as permitted by Section 6.4 of the Prior Registration Rights Agreement. This agreement shall become effective upon consummation
of the Company’s initial public offering. 
 6.18.     Joinder with Respect to Certain
Rights and Obligations.   Each of Blueapple and the Call Option Holder acknowledges and agrees that the sale of any Company-Offered Registrable Securities on their respective behalves shall be made on the terms and conditions set forth
herein. To the extent applicable (including pursuant to Section 6.14(b) and Section 6.14(c)), Blueapple and the Call Option Holder, respectively, shall be bound by the terms and provisions hereof
as if a party hereto and entitled to enforce the provisions of this Agreement as though they were a holder of such Registrable Securities. 

[Signature Pages Follow] 

  
 29 

 IN WITNESS WHEREOF, the undersigned have caused this Registration Rights
Agreement to be executed as of the date first written above. 
  

	
	EVO PAYMENTS, INC.
	
	
By:                      
                                         
   

	 Name:

	 Its:

  
 [Signature Page to
Registration Rights Agreement] 

	
	 MADISON DEARBORN CAPITAL PARTNERS VI-B, L.P.

	 By:  Madison Dearborn Partners VI-B, L.P.

	 Its:  General Partner

	
	 By:  Madison Dearborn Partners, LLC

	 Its:  General Partner

	
	
By:                      
                                         
   

	 Name:

	 Its:  Managing Director

	
	 MADISON DEARBORN CAPITAL PARTNERS EXECUTIVE VI-B, L.P.

	
	 By:  Madison Dearborn Partners VI-B, L.P.

	 Its:  General Partner

	
	 By:  Madison Dearborn Partners, LLC

	 Its:  General Partner

	
	
By:                      
                                         
   

	 Name:  Vahe Dombalagian

	 Its:  Managing Director

	
	 MDCP VI-C CARDSERVICES SPLITTER, L.P.

	
	 By:  Madison Dearborn Partners VI-B, L.P.

	 Its:  General Partner

	
	 By:  Madison Dearborn Partners, LLC

	 Its:  General Partner

	
	
By:                      
                                         
   

	 Name:  Vahe Dombalagian

	 Its:  Managing Director

  

  
 [Signature Page to
Registration Rights Agreement] 

	
	 MDCP VI-C CARDSERVICES LLC

	
	 By:  Madison Dearborn Partners VI-B, L.P.

	 Its:  General Partner

	
	 By:  Madison Dearborn Partners, LLC

	 Its:  General Partner

	
	
By:                      
                                         
 

	 Name:  Vahe Dombalagian

	 Its:  Managing Director

	
	 MDCP VI-C CARDSERVICES SPLITTER II, L.P.

	
	 By:  Madison Dearborn Partners VI-B, L.P.

	 Its:  General Partner

	
	 By:  Madison Dearborn Partners, LLC

	 Its:  General Partner

	
	
By:                      
                                         
 

	 Name:  Vahe Dombalagian

	 Its:  Managing Director

	
	 CALL OPTION HOLDER:

	
	 MADISON DEARBORN CAPITAL PARTNERS VI-C, L.P.

	 By:  Madison Dearborn Partners VI-C, L.P.

	 Its:  General Partner

	
	 By:  Madison Dearborn Partners, LLC

	 Its:  General Partner

	
	
By:                      
                                         
 

	 Name:

	 Its:  Managing Director

  

  
 [Signature Page to
Registration Rights Agreement] 

 
	
	 BLUEAPPLE, INC.

	
	
By:                      
                                         
 

	 Name:

	 Its:

	
	
                       
                                         
      

	 James G. Kelly

	
	 James G. Kelly Grantor Trust Dated January 12, 2012

	
	
By:                      
                                         
 

	 Name:

	 Its:

	
	
                       
                                         
      

	 Michael L. Reidenbach

	
	
                       
                                         
      

	 Brendan Tansill

	
	
                       
                                         
      

	 Steven J. de Groot

	
	
                       
                                         
      

	 Kevin Hodges

	
	
                       
                                         
      

	 David Goldman

	
	
                       
                                         
      

	 Jeff Rosenblatt

  
 [Signature Page to
Registration Rights Agreement] 

	
	
                       
                                         
      

	 Kevin Lambrix

	
	
                       
                                         
      

	 James Raftice

	
	
                       
                                         
      

	 Peter Cohen

	
	
                       
                                         
      

	 Alon Kindler

	
	
                       
                                         
      

	 Blake Pyle

	
	
                       
                                         
      

	 Greg Robertson

	
	
                       
                                         
      

	 Mark Harrelson

	
	
                       
                                         
      

	 John Crouch

	
	
                       
                                         
      

	 Ayman Ibrahaim

  
 [Signature Page to
Registration Rights Agreement] 

 Schedule I 

Madison Dearborn Capital Partners VI-B, L.P. 

Madison Dearborn Capital Partners Executive VI-B, L.P. 

MDCP VI-C Cardservices Splitter, L.P. 

MDCP VI-C Cardservices LLC 

MDCP VI-C Cardservices Splitter II, L.P. 

Madison Dearborn Capital Partners VI-C, L.P., as Call Option Holder 

  
 Schedule I 

 Schedule II 

James G. Kelly 

James G. Kelly Grantor Trust Dated January 12, 2012 

Michael L. Reidenbach 

Brendan Tansill 

Steven J. de Groot 

Kevin Hodges 

David Goldman 

Jeff Rosenblatt 

Kevin Lambrix 

James Raftice 

Peter Cohen 

Alon Kindler 

Blake Pyle 

Greg Robertson 

Mark Harrelson 

John Crouch 

Ayman Ibrahaim 

  
 Schedule IIEX-10.4

 Exhibit 10.4 

EXCHANGE AGREEMENT 

EXCHANGE AGREEMENT (this “Agreement”), dated as of [●], by and among EVO Investco, LLC, a Delaware
limited liability company (the “Company”), EVO Payments, Inc., a Delaware corporation (“Pubco”), the holders of Common Units in the Company and shares of Class C Common Stock or Class D Common Stock of
Pubco, and the Call Option Holder, from time to time party hereto (each, a “Holder”). 
 RECITALS 

WHEREAS, on or about the date hereof, the Company, Pubco and certain of the Holders entered into the LLC Agreement; 

WHEREAS, the parties hereto desire to provide for the exchange of Common Units together with corresponding shares of
Class C Common Stock or Class D Common Stock, as applicable, registered in the name of such Holder (which Pubco shall thereafter cancel for no consideration on a
one-for-one basis with the number of Common Units being exchanged by such Holder) for shares of Class A Common Stock and the purchase and sale (and substantially
simultaneous exercise) of the Call Option in exchange for cash or shares of Class A Common Stock, in each case, on the terms and subject to the conditions set forth herein; 

NOW, THEREFORE, in consideration of the mutual covenants and agreements made herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.01.    Definitions. 

(a)    The following terms shall have the following meanings for the purposes of this Agreement: 

“Applicable Law” means, with respect to any Person, any federal, state or local law
(statutory, common or otherwise), constitution, treaty, convention, ordinance, code, rule, regulation, order, injunction, judgment, decree, ruling or other similar requirement enacted, adopted, promulgated or applied by a Governmental Authority or
Regulatory Agency that is binding upon or applicable to such Person or its assets, as amended unless expressly specified otherwise. 

“Business Day” means a day, other than Saturday, Sunday or other day on which commercial
banks in New York, New York are authorized or required by Applicable Law to close. 
 “Call
Option” means the Option Agreement, dated as of December 27, 2012, between MDCP VI-C Cardservices Blocker Corp. and Madison Dearborn Capital Partners VI-C,
L.P., that provides the Call Option Holder the right to directly or indirectly purchase, from the Call Option Issuer, Call Option Paired Interests. 

 “Call Option Holder” means the holder of the
Call Option, which is currently Madison Dearborn Capital Partners VI-C, L.P. 

“Call Option Issuer” means MDCP VI-C Cardservices
Blocker Corp., or any successor to the rights and obligations of MDCP VI-C Cardservices Blocker Corp. under the Call Option. 

“Call Option Paired Interest” means one Common Unit together with one share of Class D
Common Stock, both of which are directly or indirectly subject to the Call Option. 

“Class A Common Stock” means Class A common stock, no par value, of
Pubco. 
 “Class C Common Stock” means Class C common stock, no
par value, of Pubco. 
 “Class C Paired Interest” means one Common Unit
together with one share of Class C Common Stock. 
 “Class D Common
Stock” means Class D common stock, no par value, of Pubco. 

“Class D Paired Interest” means one Common Unit together with one share
of Class D Common Stock, but not including any Call Option Paired Interest. 
 “Code”
means the Internal Revenue Code of 1986. 
 “Common Unit Purchase Price” has the meaning
set forth in the LLC Agreement. 
 “Common Unit Redemption Price” has the meaning set
forth in the LLC Agreement. 
 “Common Units” has the meaning set forth in the LLC
Agreement. 
 “Deliverable Common Stock” means Class A Common Stock. 

“Disposition Event” means any merger, consolidation or other business combination of Pubco,
whether effectuated through one transaction or series of related transactions (including a tender offer followed by a merger in which holders of Class A Common Stock receive the same consideration per share paid in the tender offer), unless,
following such transaction, all or substantially all of the holders of the voting power of all outstanding classes of Common Stock and any series of preferred stock issued by Pubco that are generally entitled to vote in the election of directors
prior to such transaction or series of transactions, continue to hold a majority of the voting power of the surviving entity (or its parent) resulting from such transaction or series of transactions in substantially the same proportions as
immediately prior to such transaction or series of transactions. 
 “Exchange Act” means
the Securities Exchange Act of 1934. 

  
 2 

 “Exchange Date” means the date two Business
Days after receipt of an Exchange Notice by Pubco, unless a later date is otherwise set forth in the applicable Exchange Notice as permitted under Section 2.02. 

“Exchange Notice” means a Paired Interest Exchange Notice or a Call Option Put Notice. 

“Exchange Rate” means (i) with respect to Class C Paired Interests, the number of
shares of Class A Common Stock for which one Class C Paired Interest is entitled to be Exchanged (ii) with respect to Class D Paired Interests, the number of shares of Class A Common Stock for which one Class D Paired
Interest is entitled to be Exchanged, or (iii) with respect to Call Option Paired Interests, the number of shares of Class A Common Stock for which one Call Option Paired Interest is entitled to be Exchanged. On the date of this Agreement,
the Exchange Rate for the purposes of the Class C Paired Interests, Class D Paired Interests and Call Option Paired Interest shall be one (1), subject to adjustment pursuant to Section 2.03 of this Agreement. 

“Exchanging Holder” means a Holder effecting an Exchange pursuant to this Agreement. 

“Governmental Authority” means any transnational, domestic or foreign federal, state or
local governmental, regulatory or administrative authority, department, court, agency or official, including any political subdivision thereof. 

“LLC Agreement” means the Second Amended and Restated Limited Liability Company Agreement of
the Company, dated on or about the date hereof, as such agreement may be amended from time to time. 

“Paired Interest” means one Class C Paired Interest, one Class D Paired Interest,
or one Call Option Paired Interest, as applicable. 
 “Person” means any individual, firm,
corporation, partnership, limited liability company, trust, estate, business association, organization, joint venture, Governmental Authority or other entity. 

“Pubco Charter” means the Amended and Restated Certificate of Incorporation of Pubco, as
such certificate of incorporation may be amended from time to time. 
 “Registration Rights
Agreement” means the Registration Rights Agreement by and among Pubco and the other Persons party thereto, dated on or about the date hereof, as such agreement may be amended from time to time. 

“Regulatory Agency” means the Securities and Exchange Commission, Financial Industry
Regulatory Authority, Inc., the Financial Services Authority, any non-U.S. regulatory agency and any other regulatory authority or body (including any state or provincial securities authority and any
self-regulatory organization) with jurisdiction over the Company or any of its Subsidiaries. 

  
 3 

 “Securities Act” means the United States
Securities Act of 1933. 
 “Securities Exchange” means the national securities exchange on
which the Class A Common Stock is listed. 
 “Underwritten Offering” has the meaning
set forth in the LLC Agreement. 
 (b)      Capitalized terms used but not defined herein
shall have the meaning ascribed thereto in the LLC Agreement. 
 (c)      Each of the
following terms is defined in the Section set forth opposite such term: 
  

			
	 Term
	  	 Section

	 Agreement
	  	Preamble
	 Call Option Put Notice
	  	Section 2.02(b)
	 Class A Per Share Consideration
	  	Section 2.04(a)
	 Company
	  	Preamble
	 Exchange
	  	Section 2.01(a)
	 Exchange Agent
	  	Section 2.02(a)
	 Holder
	  	Preamble
	 Paired Interest Exchange Notice
	  	Section 2.02(a)
	 Permitted Transferee
	  	Section 4.01
	 Pubco
	  	Preamble
	 Transaction
	  	Section 2.04(a)

 Section 1.02.    Other Definitional and Interpretative
Provisions. The words “hereof,” “herein” and “hereunder” and words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The captions
herein are included for convenience of reference only and shall be ignored in the construction or interpretation hereof. References to the Preamble, Recitals, Articles and Sections are to the Preamble, Recitals, Articles and Sections of this
Agreement unless otherwise specified. Any singular term in this Agreement shall be deemed to include the plural, and any plural term the singular. Whenever the words “include,” “includes” or “including” are used in this
Agreement, they shall be deemed to be followed by the words “without limitation”, whether or not they are in fact followed by those words or words of like import. “Writing,” “written” and comparable terms refer to
printing, typing and other means of reproducing words (including electronic media) in a visible form. References to any statute shall be deemed to refer to such statute as amended from time to time and to any rules or regulations promulgated
thereunder. References to any agreement or contract are to that agreement or contract as amended, modified or supplemented from time to time in accordance with the terms hereof and thereof. References to any Person include the successors and
permitted assigns of that Person. References from or through any date mean, unless otherwise specified, from and including or through and including, respectively. Except to the extent otherwise expressly provided herein, all references to any Holder
shall be deemed to refer solely to such Person in its capacity as such Holder and not in any other capacity. This Agreement shall be construed without regard to any presumption or other rule requiring construction against the party that drafted and
caused this Agreement to be drafted. 

  
 4 

 ARTICLE II 

EXCHANGE 

Section 2.01.    Exchange of Paired Interests for Class A Common Stock; Sale
and Exercise of Call Option. 
 (a)        Subject to
Section 2.01(c), from and after the execution and delivery of this Agreement, each Holder shall be entitled, from time to time, upon the terms and subject to the conditions hereof, to surrender Paired Interests to Pubco
(subject to adjustment as provided in Section 2.03) in exchange (such exchange, together with the sale and purchase of all or a portion of the Call Option pursuant to Section 2.01(b), an
“Exchange”) for the delivery to such Holder of: 
 (i)    with respect
to Class C Paired Interests, a number of shares of Class A Common Stock that is equal to the product of the number of Class C Paired Interests surrendered multiplied by the Exchange Rate; 

(ii)    with respect to Class D Paired Interests, a number of shares of Class A
Common Stock that is equal to the product of the number of Class D Paired Interests surrendered multiplied by the Exchange Rate; and 

(iii)    with respect to Call Option Paired Interests held by the Call Option Issuer, in
the event that the Call Option Holder expressly permits in writing for the Exchange to be consummated pursuant to this Section 2.01(a)(iii), a number of shares of Class A Common Stock that is equal to the product of
the number of Call Option Paired Interests surrendered multiplied by the Exchange Rate. 

(b)    Subject to Section 2.01(c), from and after the execution and delivery of
this Agreement, the Call Option Holder shall be entitled, from time to time, upon the terms and subject to the conditions hereof, to require Pubco to purchase for cash and immediately thereafter exercise all or a portion of the Call Option;
provided that (i) unless waived by Pubco, Pubco’s obligation to purchase and exercise the Call Option for cash pursuant to this Section 2.01(b) shall be expressly conditioned and contingent on the
consummation of a purchase from Pubco by another Person of a number of shares of Class A Common Stock resulting in aggregate net cash proceeds to Pubco equal to or greater than the aggregate amounts to be paid to the Call Option Holder and Call
Option Issuer in respect of such purchase and exercise pursuant to Section 2.02(c) (provided that Pubco shall use its commercially reasonable efforts to cause the consummation of such a transaction, including by
pursuing an Underwritten Offering of shares of Class A Common Stock in the manner contemplated by, and pursuant to the terms of, the Registration Rights Agreement) and (ii) Pubco’s obligation to purchase and exercise the Call Option
pursuant to this Section 2.01(b) shall be expressly conditioned and contingent on the aggregate purchase price payable by the Company to purchase and exercise the Call Option being equal to or greater than aggregate strike
price to be paid to the Call Option Issuer for the relevant portion of the Call Option. 
 (c)    For
the avoidance of doubt, a Holder’s right to effect an Exchange as set forth in this Section 2.01 shall be subject to (i) Pubco’s election to cause the Company to directly or indirectly redeem the Common Units
associated with such Paired Interests in 

  
 5 

 
accordance with Article XI of the LLC Agreement (or, in the case of Common Units subject to the Call Option, to directly purchase the portion of the Call Option applicable to such Common Units)
to the extent the applicable Holder has consented to such redemption (or purchase) and (ii) the absence of any liens or encumbrances on such Class C Paired Interests, Class D Paired Interests or Call Option Paired Interests, as
applicable. 
 Section 2.02.    Procedures for Exchange and Sale of Call Option; Notices and
Revocations. 
 (a)        A Holder may exercise the right to effect an
Exchange as set forth in Section 2.01(a) by delivering a written notice of exchange in respect of the Paired Interests to be Exchanged substantially in the form of
Exhibit A-1 hereto (the “Paired Interest Exchange Notice”), duly executed by such Holder (or, with respect to an exercise as set forth in
Section 2.01(a)(iii), duly executed by such Holder and the Call Option Holder), to Pubco at its address set forth in Section 4.03 during normal business hours, or if any agent for the Exchange is
duly appointed and acting (the “Exchange Agent”), to the office of the Exchange Agent during normal business hours. 

(b)        The Call Option Holder may exercise the right to require Pubco to purchase
all or a portion of the Call Option as set forth in Section 2.01(b) by delivering a written notice substantially in the form of Exhibit A-2 hereto (the
“Call Option Put Notice”), duly executed by the Call Option Holder, to Pubco at its address set forth in Section 4.03 during normal business hours, or if applicable, to the office of the Exchange Agent
during normal business hours. Any Call Option Put Notice shall specify the portion of the Call Option, expressed as the number of Call Option Paired Interests subject to such portion of the Call Option, to be purchased, and immediately thereafter
exercised, by Pubco. 
 (c)        The aggregate purchase price paid by Pubco to
the Call Option Holder for the Call Option pursuant to Section 2.01(b) shall be an amount in cash equal to (i) the product of (A) the number of Call Option Paired Interests subject to the portion of the Call
Option to be acquired and exercised, (B) the Exchange Rate and (C) (x) the Common Unit Purchase Price (if Pubco is undertaking an Underwritten Offering in connection therewith) or (y) the Common Unit Redemption Price (if Pubco is not
undertaking an Underwritten Offering in connection therewith) minus (ii) the aggregate strike price pursuant to the Call Option with respect to the number of Call Option Paired Interests subject to the portion of the Call Option to be
acquired. The purchase price paid by Pubco to the Call Option Issuer to exercise the Call Option pursuant to Section 2.01(b) shall be an amount in cash equal to the aggregate strike price pursuant to the Call Option with
respect to the relevant portion of the Call Option to be acquired. 
 (d)        If
the Call Option Holder and Call Option Issuer have expressly consented thereto in the Call Option Put Notice, Pubco may pay the amounts set forth in Section 2.02(c) to the Call Option Holder and the Call Option Issuer in
Deliverable Common Stock rather than cash, in which case: 
 (i)    the purchase price
paid by Pubco to the Call Option Holder for the Call Option shall be a number of shares of Deliverable Common Stock that is equal to the quotient (rounded to the nearest whole number) of (I) (A) the product of (x) the

  
 6 

 
number of Call Option Paired Interests subject to the portion of the Call Option to be acquired and exercised, (y) the Exchange Rate and (z) (1) the Common Unit Purchase Price (if
Pubco is undertaking an Underwritten Offering in connection therewith) or (2) the Common Unit Redemption Price (if Pubco is not undertaking an Underwritten Offering in connection therewith) minus (B) the aggregate exercise price
pursuant to the Call Option with respect to the number of Call Option Paired Interests subject to the portion of the Call Option to be acquired divided by (II) the Common Unit Purchase Price (if Pubco is undertaking an Underwritten
Offering in connection therewith) or the Common Unit Redemption Price (if Pubco is not undertaking an Underwritten Offering in connection therewith); and 

(ii)    the purchase price paid by Pubco to the Call Option Issuer to exercise the Call
Option shall be the number of shares of Class A Common Stock (rounded to the nearest whole number) that has a value equal to the aggregate strike price pursuant to the Call Option with respect to the relevant portion of the Call Option to be
acquired calculated using the Common Unit Purchase Price (if Pubco is undertaking an Underwritten Offering in connection therewith) or the Common Unit Redemption Price (if Pubco is not undertaking an Underwritten Offering in connection therewith).

 (e)        Upon Pubco’s acquisition of any portion of the Call Option,
Pubco shall exercise the purchased Call Option immediately thereafter. Upon Pubco’s exercise of the Call Option, the Call Option Issuer shall perform its obligations under the Call Option to deliver to Pubco the number of Call Option Paired
Interests subject to the portion of the Call Option that is acquired and exercised immediately thereafter. 

(f)        Contingent Exchange Notice and Revocation by Holders. 

(i)    A Paired Interest Exchange Notice from a Holder may specify that the Exchange is
to be contingent (including as to the timing) upon the consummation of a purchase by another Person (whether in a tender or exchange offer, an underwritten offering or otherwise) of shares of Deliverable Common Stock into which the Paired Interests
are exchangeable, and any Exchange Notice may specify that the Exchange is contingent (including as to timing) upon the closing of an announced merger, consolidation or other transaction or event in which the Paired Interests or the Deliverable
Common Stock into which the Paired Interests are exchangeable would be exchanged or converted, or become exchangeable for or convertible into, cash or other securities or property. 

(ii)    Notwithstanding anything herein to the contrary, a Holder may withdraw or amend
an Exchange Notice, in whole or in part, prior to the effectiveness of the Exchange, at any time prior to 5:00 p.m. New York City time, on the Business Day immediately preceding the Exchange Date (or any such later time as may be required by
Applicable Law) by delivery of a written notice of withdrawal to Pubco or the Exchange Agent, specifying (I) the number of withdrawn Paired Interests or the portion of the Call Option to be withdrawn from purchase, (II) if any, the number
of Paired Interests or the portion of the Call Option as to which the Exchange Notice remains in effect and (III) if the Holder so determines, a new Exchange Date or any other new or revised information permitted in the Exchange Notice. 

  
 7 

 (g)      Each Exchange shall be deemed to be
effective immediately prior to the close of business on the Exchange Date, and in the case of an Exchange under Section 2.01(a) or a sale of the Call Option under Section 2.01(b) pursuant to which
the Call Option Holder and Call Option Issuer have consented to receive payment in shares of Deliverable Common Stock, the Exchanging Holder (or other Person(s) whose name or names in which the Deliverable Common Stock is to be issued) shall be
deemed to be a holder of the Deliverable Common Stock deliverable upon such Exchange from and after that time. As promptly as practicable on or after the Exchange Date with respect to an Exchange under Section 2.01(a) or a
sale of the Call Option under Section 2.01(b) pursuant to which the Call Option Holder and Call Option Issuer have consented to receive payment in shares of Deliverable Common Stock, Pubco shall deliver or cause to be
delivered to the Exchanging Holder (or other Person(s) whose name or names in which the Deliverable Common Stock is to be issued) the number of shares of Deliverable Common Stock deliverable upon such Exchange, registered in the name of such Holder
(or other Person(s) whose name or names in which the Deliverable Common Stock is to be issued). To the extent the Deliverable Common Stock is settled through the facilities of The Depository Trust Company, Pubco will, subject to
Section 2.02(i) below, upon the written instruction of an Exchanging Holder, deliver or cause to be delivered the shares of Deliverable Common Stock deliverable to such Holder (or other Person(s) whose name or names in
which the Deliverable Common Stock is to be issued), through the facilities of The Depository Trust Company, to the account of the participant of The Depository Trust Company designated by such Holder. 

(h)      The shares of Deliverable Common Stock issued upon an Exchange or a sale of the Call
Option under Section 2.01(b) pursuant to which the Call Option Holder has consented to receive payment in shares of Deliverable Common Stock shall bear a legend in substantially the following form: 

THE TRANSFER OF THESE SECURITIES HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
UNDER THE SECURITIES LAWS OF ANY OTHER JURISDICTION, AND MAY NOT BE SOLD OR TRANSFERRED OTHER THAN IN ACCORDANCE WITH THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OF 1933, AS AMENDED (OR OTHER APPLICABLE LAW), OR AN EXEMPTION THEREFROM. 

(i)      If (i) any shares of Deliverable Common Stock have been sold pursuant to a
registration statement that has been declared effective by the Securities and Exchange Commission, (ii) all of the applicable conditions of Rule 144 are met, or (iii) the legend (or a portion thereof) otherwise ceases to be
applicable, Pubco, upon the written request of the Holder thereof shall promptly provide such Holder or its respective transferees, without any expense to such Persons (other than applicable transfer taxes and similar governmental charges, if any)
with new certificates (or evidence of book-entry share) for securities of like tenor not bearing the provisions of the legend with respect to which the restriction has terminated. In connection therewith, such Holder shall provide Pubco with such
information in its possession as Pubco may reasonably request in connection with the removal of any such legend, including in the case of 

  
 8 

 
subparagraph (ii) or (iii) above, if requested by Pubco or any transfer agent for the Deliverable Common Stock, an opinion of Holder’s legal counsel as to the satisfaction of the
requirements in this Section 2.02(i). 
 (j)      Pubco shall bear
all expenses in connection with the consummation of any Exchange, whether or not any such Exchange is ultimately consummated, including any transfer taxes, stamp taxes or duties, or other similar taxes in connection with, or arising by reason of,
any Exchange; provided, however, that if any shares of Deliverable Common Stock are to be delivered in a name other than that of the Holder that requested the Exchange or the Call Option Holder in the case of a sale of all or a portion
of the Call Option (or The Depository Trust Company or its nominee for the account of a participant of The Depository Trust Company that will hold the shares for the account of such Holder), then such Holder and/or the Person in whose name such
shares are to be delivered shall pay to Pubco the amount of any transfer taxes, stamp taxes or duties, or other similar taxes in connection with, or arising by reason of, such Exchange or shall establish to the reasonable satisfaction of Pubco that
such tax has been paid or is not payable. 
 (k)      Notwithstanding anything to the
contrary in this Article II, a Holder shall not be entitled to effect an Exchange, and Pubco and the Company shall have the right to refuse to honor any request to effect an Exchange, at any time or during any period, if Pubco or the Company
shall reasonably determine that such Exchange (i) would be prohibited by any Applicable Law (including the unavailability of any requisite registration statement filed under the Securities Act or any exemption from the registration requirements
thereunder), provided this Section 2.02(k)(i) shall not limit Pubco or the Company’s obligations under Section 2.07(c), or (ii) would not be permitted under another agreement with Pubco,
the Company or any of the Company’s subsidiaries, on the one hand, and such Exchanging Holder, on the other hand; provided that the Pubco shall, and shall cause the Company to, take commercially reasonable efforts to alleviate such prohibition,
but shall not be obligated to waive any right or claims, or pay any amounts to obtain the alleviation of such prohibition, under any such agreement. Upon such determination, Pubco or the Company (as applicable) shall notify the Holder and, if
applicable the Call Option Holder, that has delivered an Exchange Notice of such determination, which such notice shall include an explanation in reasonable detail as to the reason that the Exchange has not been honored. 

Section 2.03.    Adjustment. This Agreement shall apply to the Paired Interests held by the
Holders and their Permitted Transferees as of the date hereof, as well as any Paired Interests hereafter acquired by a Holder and his, her or its Permitted Transferees, and the Call Option held by the Call Option Holder as of the date hereof and its
Permitted Transferees. 
 Section 2.04.    Tender Offers and Other Events with Respect to
Pubco. 
 (a)    In the event that a Disposition Event is approved by the board of directors of
Pubco or is otherwise effected or to be effected with the consent or approval of the board of directors of Pubco, the Holders shall be permitted to participate in such Disposition Event by delivery of a Paired Interest Exchange Notice (which Paired
Interest Exchange Notice shall be effective immediately prior to the consummation of such Disposition Event (and, for the avoidance of doubt, shall be contingent upon such Disposition Event and not be effective if such Disposition Event is not
consummated)). Pubco shall not merge, consolidate, combine or consummate any 

  
 9 

 
other transaction in which shares of Class A Common Stock are exchanged or converted into other stock or securities, or the right to receive cash or any other property (a
“Transaction”) unless in connection with any such Transaction each Holder is entitled to participate by delivery of a Paired Interest Exchange Notice as contemplated in the preceding sentence and receive the same kind and amount of
stock or securities, cash or other property, as the case may be, into which a share of Class A Common Stock is converted or exchanged in the Transaction (the “Class A Per Share Consideration”) multiplied by
the Exchange Rate. For the avoidance of doubt, in no event shall the Holders be entitled to receive in such Transaction aggregate consideration for each Paired Interest that is greater than the Class A Per Share Consideration. 

(b)    Notwithstanding any other provision of this Agreement, if a Disposition Event is approved by the
board of directors of Pubco and the shareholders of Pubco (to the extent such approval is required) and consummated in accordance with Applicable Law, at the request of the Company or Pubco, to the extent that a Holder has not exercised its rights
to participate in such transaction pursuant to Section 2.04(a) or by exercising its rights pursuant to Section 2.01 after a reasonable opportunity to do so, each of the Holders shall be required to
exchange with Pubco simultaneously with the consummation of such Disposition Event, all of such Holder’s Paired Interests for aggregate consideration for each Paired Interest that is equivalent to the Class A Per Share Consideration in
connection with the Disposition Event; provided, however, that the Call Option Holder shall be permitted to elect (contingent upon such Disposition Event) to sell its Call Option to Pubco or a purchaser and have such option exercised
in a manner the same or substantially similar to Section 2.01(b) (and the Call Option Issuer and its affiliates shall be permitted reasonable opportunity to effect any transaction required in connection with the sale and
exercise of the Call Option in the case of a Disposition Event) and, if the Call Option Holder consents to the delivery of Class A Common Stock rather than cash in connection therewith, the Class A Common Stock shall be valued at an amount
equal to the Class A Per Share Consideration; provided, however, that in the event of a Disposition Event intended to qualify as a reorganization within the meaning of Section 368(a) of the Code or as a transfer described in
Section 351(a) or Section 721 of the Code, a Holder shall not be required to exchange Paired Interest pursuant to this Section 2.04(b) unless, as a part of such transaction, the Holders are permitted to exchange their Paired Interest
for securities in a transaction that is expected to permit such exchange without current recognition of gain or loss, for U.S. and non-U.S. tax purposes, for the direct and indirect holders of Paired Interests
(except to the extent that property other than securities is received in such exchange), based on a “should” or “will” level opinion from independent tax counsel of recognized standing and expertise (including, at the request of
the Call Option Holder, permitting a merger or contribution of the equity of the Call Option Issuer into another corporation in lieu of an exchange of the Call Option Paired Interests). 

(c)    Pubco shall send written notice to each Holder at least thirty (30) days prior to the closing
of any Disposition Event to which this Section 2.04 applies informing them of such Disposition Event. 

Section 2.05.    Interaction with Tax Receivable Agreement. Notwithstanding any other
provision in this Agreement, in any Exchange hereunder (including in connection with a Disposition Event), payments under or in respect of the Tax Receivable Agreement shall not be considered part of the consideration payable in respect of any
Paired Interest or share of Class A Common Stock in connection with such Exchange, and nothing herein shall limit or require any Holder to exchange or otherwise forfeit any of a Holder’s rights under or with respect to the Tax Receivable
Agreement. 

  
 10 

 Section 2.06.    Listing of Deliverable Common
Stock. Pubco shall use its reasonable best efforts to cause all Deliverable Common Stock issued upon an exchange of Paired Interests to be listed at the time of such issuance on the Securities Exchange. 

Section 2.07.    Deliverable Common Stock to be Issued; Class C Common Stock
or Class D Common Stock to be Cancelled. 
 (a)      Pubco shall at
all times reserve and keep available out of its authorized but unissued Class A Common Stock, solely for the purpose of issuance upon an Exchange, the maximum number of shares of Deliverable Common Stock as shall be deliverable upon Exchange of
all then-outstanding Paired Interests; provided that nothing contained herein shall be construed to preclude Pubco from satisfying its obligations in respect of an Exchange for which it is permitted to deliver shares of Deliverable Common Stock by
delivery of shares of Deliverable Common Stock that are held in the treasury of Pubco or any of its subsidiaries or by delivery of purchased shares of Deliverable Common Stock (which may or may not be held in the treasury of Pubco or any subsidiary
thereof). Pubco covenants that all shares of Deliverable Common Stock issued upon an Exchange will, upon issuance thereof, be validly issued, fully paid and non-assessable. 

(b)      When a Paired Interest has been Exchanged in accordance with this Agreement,
(i) the share of Class C Common Stock or Class D Common Stock corresponding to such Paired Interest shall be cancelled by Pubco for no consideration and (ii) the Common Unit corresponding to such Paired Interest shall be deemed
transferred from the Exchanging Holder to Pubco and the Company shall cause such transfer to be registered in the books and records of the Company. 

(c)      Subject to the terms of the Registration Rights Agreement, Pubco covenants and agrees
to deliver shares of Deliverable Common Stock, if requested, pursuant to an effective registration statement under the Securities Act with respect to any Exchange to the extent that a registration statement is effective and available for such
shares. In the event that any Exchange in accordance with this Agreement is to be effected at a time when any required registration has not become effective or otherwise is unavailable, upon the request and with the reasonable cooperation of the
Holders requesting such Exchange, Pubco and the Company shall use reasonable best efforts promptly to facilitate such Exchange pursuant to an available exemption from such registration requirements. 

(d)      Pubco agrees that it has taken all or will take such steps as may be required to cause
to qualify for exemption under Rule 16b-3(d) or (e), as applicable, under the Exchange Act, and to be exempt for purposes of Section 16(b) under the Exchange Act, any acquisitions from, or
dispositions to, Pubco or the Company of equity securities of Pubco (including the Call Option or other derivative securities with respect thereto) or the Company and any securities that may be deemed to be equity securities or derivative securities
of Pubco for such purposes that result from the transactions contemplated by this Agreement, by each officer or director of Pubco, including any director by deputization. The authorizing resolutions shall be approved by either Pubco’s board of
directors or a committee composed solely of two or more Non-Employee Directors (as defined in Rule 16b-3) of Pubco. 

  
 11 

 Section 2.08.    Distributions. No Exchange
shall impair the right of the Exchanging Holder to receive any distributions payable on the Common Units so exchanged in respect of a record date that occurs prior to the Exchange Date for such Exchange. No adjustments in respect of dividends or
distributions on any Common Unit will be made on the Exchange of any Paired Interest, and if the Exchange Date with respect to a Common Unit occurs after the record date for the payment of a dividend or other distribution on Common Units but before
the date of the payment, then the registered Holder of the Common Unit at the close of business on the record date will be entitled to receive the dividend or other distribution payable on the Common Unit on the payment date (without duplication of
any distribution to which such Holder may be entitled under Section 4.01(b) of the LLC Agreement in respect of taxes) notwithstanding the Exchange of the Paired Interests or a default in payment of the dividend or distribution due on the
Exchange Date. For the avoidance of doubt, no Exchanging Holder shall be entitled to receive, in respect of a single record date, distributions or dividends both on Common Units exchanged by such Holder and on shares of Deliverable Common Stock
received by such Holder in such Exchange. 
 Section 2.09.    Obligations of Call Option
Holder. Neither the Call Option Holder nor the Call Option Issuer shall amend, modify, waive any rights or obligations under or in any way alter the rights and obligations under the Call Option without the prior written consent of Pubco and the
Company, which consent shall not be unreasonably withheld, conditioned or delayed. 
 ARTICLE III 

REPRESENTATIONS AND WARRANTIES 

Section 3.01.    Representations and Warranties of Pubco and the Company. Each of Pubco and
the Company represents and warrants that (i) it is a corporation or limited liability company duly incorporated or formed and is existing in good standing under the laws of the State of Delaware, (ii) it has all requisite corporate or
limited liability company power and authority to enter into and perform this Agreement and to consummate the transactions contemplated hereby and, in the case of Pubco, to issue the Deliverable Common Stock in accordance with the terms hereof,
(iii) the execution and delivery of this Agreement by it and the consummation by it of the transactions contemplated hereby (including in the case of Pubco, the issuance of the Deliverable Common Stock) have been duly authorized by all
necessary corporate or limited liability company action on its part and (iv) this Agreement constitutes a legal, valid and binding obligation of it enforceable against it in accordance with its terms, except as enforcement may be limited by
equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally. 

Section 3.02.    Representations and Warranties of the Holders. Each Holder, severally and
not jointly, represents and warrants that (i) if it is not a natural person, that it is duly incorporated or formed and, the extent such concept exists in its jurisdiction of organization, is in good standing under the laws of such
jurisdiction, (ii) it has all requisite legal capacity and authority to enter into and perform this Agreement and to consummate the transactions contemplated hereby, (iii) if it is not a natural person, the execution and delivery of this
Agreement 

  
 12 

 
by it of the transactions contemplated hereby have been duly authorized by all necessary corporate or other entity action on the part of such Holder and (iv) this Agreement constitutes a
legal, valid and binding obligation of such Holder enforceable against it in accordance with its terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating
to or limiting creditors’ rights generally. 
 ARTICLE IV 

MISCELLANEOUS 

Section 4.01.    Assignment; Additional Holders. Neither this Agreement nor any of the rights
or obligations hereunder may be assigned by any of the parties hereto without the prior written consent of the other parties, except that (a) the Company and Pubco may assign their respective rights and obligations under this Agreement to any
successor of the Company or Pubco, as applicable, and (b) to the extent a Holder validly transfers any or all of such Holder’s Paired Interests (or, if applicable, all or any portion of the Call Option) to another Person in a transaction
in accordance with, and not in contravention of, the LLC Agreement or the Pubco Charter, then such transferee (each, a “Permitted Transferee”) shall have the right to execute and deliver a joinder to this Agreement, substantially in
the form of Exhibit B hereto, whereupon such Permitted Transferee shall become a Holder hereunder. 

Section 4.02.    Further Assurances. Each party hereto agrees to execute, acknowledge,
deliver, file and record such further certificates, amendments, instruments and documents, and to do all such other acts and things, as may be required by Applicable Law or as, in the reasonable judgment of Pubco, may be necessary or advisable to
carry out the intent and purposes of this Agreement. 
 Section 4.03.    Notices. All
notices, requests and other communications to any party hereunder shall be in writing (including e-mail transmission, so long as a receipt of such e-mail is acknowledged
by non-automated response) and shall be given to the following, or to such other address or contact information as such party may hereafter specify for the purpose by notice to the other parties hereto: 

 

	 	(a)	if to Pubco or the Company, to: 

 EVO Payments, Inc. 

Ten Glenlake Parkway 

South Tower, Suite 950 

Atlanta, Georgia 30328 

Attention: Steven J. de Groot 

Executive Vice President and General Counsel 

E-mail: Steve.deGroot@evopayments.com 

with a copy which shall not constitute notice to: 

King & Spalding LLP 

1180 Peachtree Street, N.E. 

Atlanta, Georgia 30309 

Attention: Keith M. Townsend and Zachary L. Cochran 

E-mail: ktownsend@kslaw.com and zcochran@kslaw.com 

  
 13 

 (b)      if to any Holder, to the address and
other contact information set forth in the records of Pubco or the Company from time to time. 
 All such notices, requests and other
communications shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. New York City time on a Business Day in the place of receipt. Otherwise, any such notice, request or communication shall be deemed
to have been received on the next succeeding Business Day in the place of receipt. 

Section 4.04.    Binding Effect. The provisions of this Agreement shall be binding upon and
shall inure to the benefit of the parties hereto and their respective successors and permitted assigns. No provision of this Agreement is intended to confer any rights, benefits, remedies, obligations or liabilities hereunder upon any Person other
than the parties hereto and their respective successors and permitted assigns. 

Section 4.05.    Jurisdiction. The parties hereto agree that any suit, action or proceeding
seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby (whether brought by any party or any of its Affiliates or against any party or any of its
Affiliates) shall be brought in the Delaware Chancery Court or, if such court shall not have jurisdiction, any federal court located in the State of Delaware or other Delaware state court, and each of the parties hereby irrevocably consents to the
jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of
the venue of any such suit, action or proceeding in any such court or that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. Process in any such suit, action or proceeding may be served on any
party anywhere in the world, whether within or without the jurisdiction of any such court. Without limiting the foregoing, each party agrees that service of process on such party as provided in Section 4.03 shall be deemed
effective service of process on such party. 
 Section 4.06.    WAIVER OF JURY TRIAL. EACH
OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

Section 4.07.    Counterparts. This Agreement may be signed in any number of counterparts,
each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 

Section 4.08.    Entire Agreement. This Agreement, the LLC Agreement and the Registration
Rights Agreement constitute the entire agreement between the parties with respect to the subject matter of this Agreement and supersede all prior agreements and understandings, both oral and written, between the parties with respect to the subject
matter of this Agreement. 
 Section 4.09.    Severability. If any term, provision,
covenant or restriction of this Agreement is held by a court of competent jurisdiction or other Governmental Authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions

  
 14 

 
of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated so long as the economic or legal substance of the transactions contemplated hereby
is not affected in any manner materially adverse to any party. Upon such a determination, the parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable
manner in order that the transactions contemplated hereby are consummated as originally contemplated to the fullest extent possible. 

Section 4.10.    Amendment. This Agreement can be amended at any time and from time to time
by written instrument signed by the Company, Pubco and the holders of a majority of the Units held by the parties hereto; provided that no amendment to this Agreement may adversely modify in any material respect the rights (including the
ability to Exchange Paired Interests pursuant to this Agreement) and obligations of any Holders in any materially disproportionate manner to the rights and obligations of any other Holders without the prior written consent of a majority in interest
of such disproportionately affected Holders or Holders. In the event that this Agreement is amended, the Company and Pubco shall provide a copy of such amendment to all Holders; provided that any such amendment shall be binding on all Holders
notwithstanding any failure by the Company and Pubco to provide a copy of any such amendment. 

Section 4.11.    Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Delaware, without regard to the conflicts of law rules of such State that would result in the application of the laws of any other State. 

Section 4.12.    Tax Treatment and Tax Information. 

(a)    This Agreement shall be treated as part of the LLC Agreement as described in Section 761(c)
of the Code and Sections 1.704-1(b)(2)(ii)(h) and 1.761-1(c) of the Treasury Regulations promulgated thereunder. Unless otherwise required by the Code and the Treasury
Regulations, and except with respect to an Exchange occurring pursuant to the proviso to Section 2.04(b) (or the final parenthetical of such section), the parties shall report any Exchange consummated hereunder as a taxable
sale of the Common Units and shares of Class C Common Stock or Class D Common Stock, and the Call Option, as applicable, by a Holder to Pubco, and no party shall take a contrary position on any income tax return or amendment thereof unless
an alternate position is permitted under the Code and Treasury Regulations and the Managing Member consents in writing. 

(b)    The Company and Pubco shall cooperate with the Holders and the Call Option Issuer to
(i) timely provide any tax information requested by the Holders and the Call Option Issuer in connection with an Exchange pursuant to this Agreement, (ii) provide any backup reasonably requested to understand such information, and
(iii) provide reasonable access to the Company’s and Pubco’s employees and tax professionals to discuss such information. Without limiting the foregoing, the Company and Pubco shall provide the Holders and the Call Option Issuer with
the information required to be reported by the Holders and the Call Option Issuer under Treasury Regulations Section 1.751-1(a)(3) and any information needed for the Holders to timely determine any
withholding tax obligation incurred in connection with any Exchange hereunder; provided that, in each case, the Company and Pubco shall provide such information for such Holders’ or the Call Option Issuer’s review and comment prior to
finalization. 

  
 15 

 Section 4.13.    Independent Nature of Holders’
Rights and Obligations. The obligations of each Holder hereunder are several and not joint with the obligations of any other Holder, and no Holder shall be responsible in any way for the performance of the obligations of any other Holder under
hereunder. The decision of each Holder to enter into to this Agreement has been made by such Holder independently of any other Holder. Nothing contained herein, and no action taken by any Holder pursuant hereto, shall be deemed to constitute the
Holders as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Holders are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated hereby.

 [signature pages follow] 

  
 16 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed as of the date first written above. 
  

			
		  	PUBCO:
		
		  	EVO PAYMENTS, INC.
		
		  	By:                                     
                               
		  	       Name:

		  	       Title:

		
		  	COMPANY:
		
		  	EVO INVESTCO, LLC
		
		  	By:                                     
                               
		  	       Name:

		  	       Title:

 [Signature Page to Exchange Agreement] 

					
		 	 HOLDERS:

		
		 	 MADISON DEARBORN CAPITAL PARTNERS VI-B, L.P.

		 	 By: Madison Dearborn Partners VI-B, L.P.
	  	
		 	 Its: General Partner
	  	
			
		 	 By: Madison Dearborn Partners, LLC
	  	
		 	 Its: General Partner
	  	
			
		 	
By:                      
                                         
     
	  	
		 	 Name:
	  	
		 	 Its: Managing Director
	  	
		
		 	 MADISON DEARBORN CAPITAL PARTNERS EXECUTIVE VI-B,
L.P.

			
		 	 By: Madison Dearborn Partners VI-B, L.P.
	  	
		 	 Its: General Partner
	  	
			
		 	 By: Madison Dearborn Partners, LLC
	  	
		 	 Its: General Partner
	  	
			
		 	
By:                      
                                         
     
	  	
		 	 Name: Vahe Dombalagian
	  	
		 	 Its: Managing Director
	  	
		
		 	 MDCP VI-C CARDSERVICES SPLITTER, L.P.

			
		 	 By: Madison Dearborn Partners VI-B, L.P.
	  	
		 	 Its: General Partner
	  	
			
		 	 By: Madison Dearborn Partners, LLC
	  	
		 	 Its: General Partner
	  	
			
		 	
By:                      
                                         
     
	  	
		 	 Name: Vahe Dombalagian
	  	
		 	 Its: Managing Director
	  	

 [Signature Page to Exchange Agreement] 

					
		 	 MDCP VI-C CARDSERVICES LLC

			
		 	 By: Madison Dearborn Partners VI-B, L.P.
	  	
		 	 Its: General Partner
	  	
			
		 	 By: Madison Dearborn Partners, LLC
	  	
		 	 Its: General Partner
	  	
			
		 	
By:                      
                                         
     
	  	
		 	 Name: Vahe Dombalagian
	  	
		 	 Its: Managing Director
	  	
		
		 	 MADISON DEARBORN PARTNERS VI-B, L.P.

			
		 	 By: Madison Dearborn Partners VI-B, L.P.
	  	
		 	 Its: General Partner
	  	
			
		 	 By: Madison Dearborn Partners, LLC
	  	
		 	 Its: General Partner
	  	
			
		 	
By:                      
                                         
     
	  	
		 	 Name:
	  	
		 	 Its: Managing Director
	  	
		
		 	 MADISON DEARBORN CAPITAL PARTNERS VI-C, L.P.

			
		 	 By: Madison Dearborn Partners, LLC
	  	
		 	 Its: General Partner
	  	
			
		 	
By:                      
                                         
     
	  	
		 	 Name:
	  	
		 	 Its: Managing Director
	  	

 [Signature Page to Exchange Agreement] 

					
		 	  
 James G.
Kelly
	  	
		
		 	 James G. Kelly Grantor Trust Dated January 12, 2012

			
		 	
By:                  
                                         
               
	  	
		 	 Name:
	  	
		 	 Its:
	  	
			
		 	  
 Michael L.
Reidenbach
	  	
			
		 	  
 Brendan
Tansill
	  	
			
		 	  
 Steven J. de
Groot
	  	
			
		 	  
 Kevin
Hodges
	  	
			
		 	  
 David
Goldman
	  	
			
		 	  
 Jeff
Rosenblatt
	  	
			
		 	  
 Kevin
Lambrix
	  	
			
		 	  
 James
Raftice
	  	

 [Signature Page to Exchange Agreement] 

					
			
		 	  
 Peter
Cohen
	  	
			
		 	  
 Alon
Kindler
	  	
			
		 	  
 Blake
Pyle
	  	
			
		 	  
 Greg
Robertson
	  	
			
		 	  
 Mark
Harrelson
	  	
			
		 	  
 John
Crouch
	  	
			
		 	  
 Ayman
Ibrahaim
	  	

 [Signature Page to Exchange Agreement] 

 EXHIBIT A-1 

PAIRED INTEREST EXCHANGE NOTICE 

EVO Payments, Inc. 
 EVO Investco, LLC 

Ten Glenlake Parkway 

South Tower, Suite 950 

Atlanta, Georgia 30328 

Attention: General Counsel 

Reference is hereby made to the Exchange Agreement, dated as of [●] (the “Exchange Agreement”), by and
among EVO Payments, Inc., a Delaware corporation (“Pubco”), EVO Investco, LLC, a Delaware limited liability company (the “Company”), the holders of Common Units and shares of Class C Common Stock or
Class D Common Stock of Pubco, and the Call Option Holder, from time to time party thereto (each, a “Holder”). Capitalized terms used but not defined herein shall have the meanings given to them in the Exchange Agreement. 

The undersigned Holder desires to transfer to Pubco the number of shares of Class [C/D] Common Stock plus Common Units
(together, the “Paired Interests”) in Exchange for shares of Deliverable Common Stock to be issued in its name as set forth below, in accordance with the terms of the Exchange Agreement. 

 

			
	 Legal Name of Holder:    
	 	  

			
	 Address:
	 	  

		 	  

		 	
 

			
		
	 Number of Paired Interests to be Exchanged:
	 	
 

			
		
	 Exchange Date:
	 	
 

			
	
	Holder consents to a redemption by the Company in accordance with Section 11.03 of the LLC Agreement with respect to the Paired Interests specified:
	
	     Yes ☐ with respect to an aggregate of
                         Paired Interests

	
	     No  ☐

 The undersigned hereby represents and warrants that (i) the undersigned has full legal
capacity to execute and deliver this Exchange Notice and to perform the undersigned’s obligations hereunder; (ii) this Exchange Notice has been duly executed and delivered by the undersigned and is the legal, valid and binding obligation
of the undersigned enforceable against it in accordance with the terms thereof or hereof, as the case may be, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally and the availability of equitable
remedies; 

 
(iii) the Paired Interests subject to this Exchange Notice are being transferred to Pubco free and clear of any pledge, lien, security interest, encumbrance, equities or claim; and
(iv) no consent, approval, authorization, order, registration or qualification of any third party or with any court or governmental agency or body having jurisdiction over the undersigned or the Paired Interests subject to this Exchange Notice
is required to be obtained by the undersigned for the transfer of such Paired Interests to Pubco. 
 The undersigned hereby
irrevocably constitutes and appoints any officer of Pubco as the attorney of the undersigned, with full power of substitution and resubstitution in the premises, to do any and all things and to take any and all actions that may be necessary to
transfer to Pubco the Paired Interests subject to this Exchange Notice and to deliver to the undersigned the shares of Deliverable Common Stock to be delivered in Exchange therefor. 

IN WITNESS WHEREOF, the undersigned, by authority duly given, has caused this Exchange Notice to be executed and delivered as
of the date below. 
  
  

			
		 	 [NAME OF HOLDER]
  

 

		 	 [If applicable: By:

Its:]

		
		 	 [If applicable: CALL OPTION HOLDER

		
		 	  
 By:

Its:]

Date:                      
                                         
            

 EXHIBIT A-2 

CALL OPTION PUT NOTICE 
 EVO
Payments, Inc. 
 EVO Investco, LLC 

Ten Glenlake Parkway 

South Tower, Suite 950 

Atlanta, Georgia 30328 

Attention: General Counsel 

Reference is hereby made to the Exchange Agreement, dated as of [●] (the “Exchange Agreement”), by and
among EVO Payments, Inc., a Delaware corporation (“Pubco”), EVO Investco, LLC, a Delaware limited liability company (the “Company”), the holders of Common Units and shares of Class C Common Stock or
Class D Common Stock of Pubco, and the Call Option Holder, from time to time party thereto (each, a “Holder”). Capitalized terms used but not defined herein shall have the meanings given to them in the Exchange Agreement. 

The undersigned Holder desires Pubco to purchase and immediately thereafter exercise a portion of the Call Option providing a
right to acquire the number of Call Option Paired Interests set forth below in accordance with the terms of the Exchange Agreement. 
  

					
	 Legal Name of Call Option Holder:  
	 	  
	 	

					
			
	 Address:
	 	  
	 	
		 	  
	 	
		 	  
	 	

					
			
	 Legal Name of Call Option Issuer:
	 	  
	 	

  

					
	 Address:
	 	  
	 	
		 	  
	 	
		 	  
	 	

					
	
	 Number of Call Option Paired Interests subject to the portion of the Call Option to be

		
	
purchased:                     
                                         
                                         
           
	  	

					
			
	 Exchange Date:
	 	  
	 	
		
	Call Option Holder and Call Option Issuer consent to payment of the purchase price for the Call Option and the exercise price of the Call Option in Deliverable Common Stock pursuant to Section 2.02(d) of the
Exchange Agreement with respect to the portion of the Call Option providing a right to acquire the number of Call Option Paired Interests specified: (unless consented to, such payments shall be made by Pubco in cash)	 	

					
		
	     Yes ☐ with respect to an aggregate of
                         Call Option Paired
                   Interests
	  	
		
	     No  ☐
	  	

 The undersigned hereby represents and warrants that (i) the undersigned has
full legal capacity to execute and deliver this Exchange Notice and to perform the undersigned’s obligations hereunder; (ii) this Exchange Notice has been duly executed and delivered by the undersigned and is the legal, valid and binding
obligation of the undersigned enforceable against it in accordance with the terms thereof or hereof, as the case may be, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally and the availability of
equitable remedies; (iii) the portion of the Call Option subject to this Exchange Notice and the subject Call Option Paired Interests being transferred to Pubco are free and clear of any pledge, lien, security interest, encumbrance, equities or
claim (other than those pursuant to the Call Option); and (iv) no consent, approval, authorization, order, registration or qualification of any third party or with any court or governmental agency or body having jurisdiction over the
undersigned or the Call Option or Call Option Paired Interests subject to this Exchange Notice is required to be obtained by the undersigned for the transfer to Pubco of the portion of the Call Option subject to this Exchange Notice or the subject
Call Option Paired Interests. 
 The undersigned hereby irrevocably constitutes and appoints any officer of Pubco as the
attorney of the undersigned, with full power of substitution and resubstitution in the premises, to do any and all things and to take any and all actions that may be necessary to transfer to Pubco the Call Option and the Paired Interests subject to
this Exchange Notice and, if applicable, to deliver to the undersigned the shares of Deliverable Common Stock to be delivered in Exchange therefor. 

IN WITNESS WHEREOF, the undersigned, by authority duly given, has caused this Exchange Notice to be executed and delivered as
of the date below. 
  

			
		 	 CALL OPTION HOLDER

		
		 	  

By:

		 	 Its:

		
		 	 CALL OPTION ISSUER

		
		 	  
 By:

		 	 Its:

 Date:
                                         
                                  

 EXHIBIT B 

JOINDER AGREEMENT 

This Joinder Agreement (“Joinder Agreement”) is a joinder to the Exchange Agreement, dated as of [●]
(the “Agreement”), among EVO Payments, Inc., a Delaware corporation (“Pubco”), EVO Investco, LLC, a Delaware limited liability company (the “Company”), and the holders of Common Units and shares of
Class C Common Stock or Class D Common Stock of Pubco, and the Call Option Holder, from time to time party thereto (each, a “Holder”). Capitalized terms used but not defined in this Joinder Agreement shall have their
meanings given to them in the Agreement. 
 This Agreement shall be governed by and construed in accordance with the laws of
the State of Delaware, without regard to the conflicts of law rules of such State that would result in the application of the laws of any other State. In the event of any conflict between this Joinder Agreement and the Agreement, the terms of this
Joinder Agreement shall control. 
 The undersigned, having acquired [shares of Class [C/D] Common Stock and Common
Units // a portion of the Call Option], hereby joins and enters into the Agreement. By signing and returning this Joinder Agreement to Pubco, the undersigned (i) accepts and agrees to be bound by and subject to all of the terms and conditions
of and agreements of a Holder contained in the Agreement, with all attendant rights, duties and obligations of a Holder thereunder and (ii) makes each of the representations and warranties of a Holder set forth in
Section 3.02 of the Agreement as fully as if such representations and warranties were set forth herein. The parties to the Agreement shall treat the execution and delivery hereof by the undersigned as the execution and
delivery of the Agreement by the undersigned and, upon receipt of this Joinder Agreement by Pubco and by the Company, the signature of the undersigned set forth below shall constitute a counterpart signature to the signature page of the Agreement.

  

			
	 Name:
	 	  

		
	 Address for Notices:
	 	  

		 	  

		 	  

		
	 With Copies To:
	 	  

		 	  

		 	  

 IN WITNESS WHEREOF, the undersigned, by authority duly given, has caused this Joinder
Agreement to be executed and delivered as of the date below. 
  

					
		  		  	  

Name:

			
		  		  	
Date:

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