Document:

Retail Money Order Issuance and Management Agreement

 Exhibit 10.5 
 RETAIL MONEY ORDER ISSUANCE AND MANAGEMENT AGREEMENT 
 By and between 
 INTEGRATED PAYMENT SYSTEMS INC. 
 and 
 WESTERN UNION FINANCIAL SERVICES, INC. 
  

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 SCHEDULES 
  

			
	Schedule 2.1(A)	  	WU Services
	Schedule 2.1(B)	  	Contract Schedule
	Schedule 2.2	  	Payment for WU Services
	Schedule 5.5	  	IPS Services
	Schedule 7.4	  	Equipment

  

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 AGREEMENT 
 THIS RETAIL MONEY ORDER ISSUANCE AND MANAGEMENT AGREEMENT (this “Agreement”), dated as of August 14, 2006, by and between Western Union Financial Services, Inc., a Colorado corporation
(“WU”) and Integrated Payment Systems Inc., a Delaware corporation (“IPS”). 
 RECITALS

 WHEREAS, IPS desires to retain WU to manage IPS’ agents that currently issue and sell money orders at retail locations
specified herein and to perform certain data processing and other related services (collectively the “Services”); and 
 WHEREAS, WU desires to perform the Services for IPS, all on the terms and conditions and for the consideration set forth herein. 
 NOW, THEREFORE, for and in consideration of the mutual covenants and agreements hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, WU and IPS hereby agree
as follows: 
 ARTICLE I 
 DEFINITIONS 
 1.1. Definitions. In this Agreement, the following terms have the meanings
specified or referred to in this Section 1.1: 
 “Account Manager” has the meaning specified in
Section 2.4(a). 
 “Additional Term” has the meaning specified in Section 9.1(b). 

“Affiliate” means, with respect to any Person, any other Person that directly or indirectly controls, is controlled by or is
under common control with such Person; provided, however, IPS and WU shall not be considered Affiliates of each other for purposes of this Agreement. 
 “Agreement” has the meaning specified in the Preamble. 
 “Business” means sale of Money Orders at locations covered by IPS Agreements. 
 “Business
Day” means any day other than Saturday, Sunday and those legal public holidays specified in 5 U.S.C. §6103(a), as it may be amended from time to time, or any successor provision, on which banking institutions in the city of Denver,
Colorado are open for business. If a payment date under this Agreement is not a Business Day, payment shall be made on the next succeeding Business Day. 
  

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 “Claim Notice” has the meaning specified in Section 10.4(a).

 “Closing Date” has the meaning specified in Article IV. 
 “COBRA” means the provisions set forth in Sections 601 to 608 of ERISA or Section 4980B of the Code. 
 “Code” means the Internal Revenue Code of 1986, as amended. 
 “Confidential Information” has the meaning specified in Section 8.2(d). 
 “Contract Schedule” means Schedule 2.1 (B). 
 “Counterfeit Item” means a paper payment instrument that is a counterfeit of an Item and the MICR line specifications for that counterfeit item match the MICR line specifications for a Money
Order. 
 “Court Order” means any judgment, order, award or decree of any foreign, federal, state, local or other
court or tribunal and any award in any arbitration proceeding. 
 “Distant Executive” has the meaning specified in
Section 11.13(b). 
 “Employee” has the meaning specified in Section 8.3. 
 “Event of Default” has the meaning specified in Section 9.3(a). 
 “Expenses” means any and all expenses incurred in connection with investigating, defending or asserting any claim, action, suit
or proceeding incident to any matter indemnified against hereunder (including, without limitation, court filing fees, court costs, arbitration fees or costs, witness fees, and reasonable fees and disbursements of legal counsel, investigators, expert
witnesses, consultants, accountants and other professionals). 
 “Force Majeure” means any cause beyond the control
of a party that such party is unable to overcome by the exercise of reasonable diligence, which may include fire; flood; explosion; war; strike; embargo; government regulation; civil or military authority; act of God; acts or omissions of carriers;
or other similar causes. 
 “Governmental Body” means any foreign, federal, state, local or other governmental
authority or regulatory body. 
 “Governmental Permits” has the meaning specified in Section 5.4.

 “Indemnified Party” has the meaning specified in Section 10.4(a). 
 “Indemnifying Party” has the meaning specified in Section 10.4(a). 
  

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 “Initial Term” has the meaning specified in Section 9.1(a).

 “IPS” has the meaning specified in the Preamble. In addition, with respect to business conducted in Canada, the
term “IPS” shall include the Integrated Payment Systems Canada Inc., a Canadian corporation, which is a wholly-owned subsidiary of Integrated Payment Systems Inc. 
 “IPS Agreements” means the contracts listed on Schedule 2.1 (B), including any renewals thereof, and the contracts
executed pursuant to Schedule 2.1 (A), Section 1 (b) hereof. 
 “IPS Client” means, in the case of
each IPS Agreement, the party other than IPS and WU to such IPS Agreement. 
 “IPS Group Member” means IPS and its
Affiliates and their respective successors and assigns. 
 “Issue Statements” has the meaning specified in
Section 11.13(a). 
 “Item” means a Money Order. 
 “Legal Requirements” means all federal, state and local laws, regulations and judicial and administrative decisions and
interpretations applicable to the Business. 
 “Losses” means any and all losses, costs, obligations, liabilities,
settlement payments, awards, judgments, fines, penalties, damages, expenses, deficiencies or other charges. 
 “Money
Order” means a paper payment instrument that is named and denominated as a money order and that is sold pursuant to an IPS Agreement to a purchaser for the purpose of the purchaser’s effecting a payment to a third party. The term
“Money Order” also includes a paper payment instrument that is issued directly by IPS, provided that the issuance of such instrument falls within one of the product codes listed on Schedule 2.1 (B). The term “Money Order”
also includes refund checks issued by WU for IPS as further described on Schedule 2.1 (A). 
 “Notice of
Default” has the meaning specified in Section 9.3(b). 
 “Party” means IPS or WU.

 “Patent License” has the meaning specified in Section 8.6. 
 “Person” means any individual, corporation, partnership, joint venture, limited liability company, association, joint-stock
company, trust, unincorporated organization or Governmental Body. 
 “POS Equipment” has the meaning specified in
Section 7.4. 
 “Service Fees” has the meaning specified in Section 2.2(a). 
  

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 “Senior Executives” has the meaning specified in Section 11.13(a).

 “Tax” (and with correlative meaning, “Taxes”) means: (i) any federal, state, local or
foreign net income, gross income, gross receipts, windfall profit, severance, property, production, sales, use, license, excise, franchise, employment, payroll, withholding, alternative or add-on minimum, ad valorem, value-added, transfer, stamp or
environmental (including taxes under Code Section 59A) tax, or any other tax custom, duty or other like assessment or charge of any kind whatsoever, together with any interest or any penalty; and (ii) any liability for the payment of
amounts with respect to payments of a type described in clause (i) as a result of being a member of an affiliated, consolidated, combined or unitary group, or as a result of any obligation under any Tax sharing arrangement or Tax indemnity
arrangement. 
 “Term” has the meaning specified in Section 9.1(b). 
 “Trade Secrets” means confidential ideas, trade secrets, know-how, concepts, methods, processes, practices, formulae, reports,
data, customer lists, mailing lists, business plans or other proprietary information. 
 “Transaction Tax” has the
meaning specified in Section 8.1. 
 “User Manual has the meaning specified in Schedule 5.5.

 “WU” has the meaning specified in the Preamble. In addition, with respect to business conducted in Canada, the
term “WU” shall include the Western Union Financial Services (Canada), Inc., an Ontario corporation, which is a wholly-owned subsidiary of Western Union Financial Services, Inc. 
 “WU Agreement” has the meaning specified in Section 7.3. 
 “WU Group Member” means WU and its Affiliates and their respective successors and assigns. 
 “WU Services” has the meaning specified in Section 2.1(a). 
 “WU Statement” has the meaning specified in Section 2.2 (b). 
 “WU Service Location” means 12500 East Belford Avenue, Englewood, Colorado 80112, or as otherwise permitted in accordance with
Section 2.6. 
 1.2. Interpretation. (a) In this Agreement, unless the context clearly indicates
otherwise: 
 (i) words used in the singular include the plural and words in the plural include the singular; 
 (ii) reference to any Person includes such Person’s successors and assigns but, if applicable, only if such successors and assigns
are permitted by this Agreement; 
  

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 (iii) reference to any gender includes the other gender; 
 (iv) the word “including” means “including but not limited to” or “including without limitation”;

 (v) reference to any Article, Section, Exhibit or Schedule means such Article or Section of, or such Exhibit or Schedule
to, this Agreement, as the case may be, and references in any Section or definition to any clause means such clause of such Section or definition; 
 (vi) the words “herein,” “hereunder,” “hereof,” “hereto” and words of similar import shall be deemed references to this Agreement as a whole and not to any particular Section or
other provision hereof; 
 (vii) reference to any agreement, instrument or other document means such agreement, instrument or
other document as amended, supplemented and modified from time to time to the extent permitted by the provisions thereof and by this Agreement; 
 (viii) reference to any statute means such statute (including all rules and regulations promulgated thereunder) as amended from time to time and includes any successor legislation thereto; 
 (ix) relative to the determination of any period of time, “from” means “from and including,” “to” means
“to but excluding” and “through” means “through and including”; 
 (x) in the event of any
conflict between the provisions of the body of this Agreement and the Exhibits or Schedules hereto, the provisions of the body of this Agreement shall control; and 
 (xi) the titles to Articles and headings of Sections contained in this Agreement have been inserted for convenience of reference only and
shall not be deemed to be a part of or to affect the meaning or interpretation of this Agreement. 
 (b) This Agreement was negotiated by the
Parties with the benefit of legal representation, and any rule of construction or interpretation otherwise requiring this Agreement to be construed or interpreted against either Party shall not apply to any construction or interpretation hereof.
Subject to Section 11.10, this Agreement shall be interpreted and construed to the maximum extent possible so as to uphold the enforceability of each of the terms and provisions hereof, it being understood and acknowledged that this
Agreement was entered into by the Parties after substantial negotiations and with full awareness by the Parties of the terms and provisions hereof and the consequences thereof. 
  

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 ARTICLE II 
 SERVICES 
 2.1. WU Services. (a) Subject to the terms and conditions stated
herein, commencing on the Closing Date and continuing throughout the Term, WU shall provide (or cause one of its Affiliates to provide) the services set forth on Schedule 2.1(A) (collectively, the “WU Services”), in
accordance with the procedures and standards set forth on Schedule 2.1(A) and in the User Manuals, for each Money Order issued during the Term hereof. 
 (b) In the event that WU wishes to designate a WU Affiliate or a third party to perform any of the WU Services, WU shall be permitted to do so so long as the transferred WU Services are performed in compliance with
this Agreement. WU shall remain responsible and liable for all WU Services provided hereunder, whether performed by WU, by a WU Affiliate or by a third party. 
 (c) Except as expressly provided herein, no interest whatsoever in any IPS Agreement is or will be transferred to WU under this Agreement. All payments to be made to IPS under the IPS Agreements, whether by IPS
Clients or otherwise, shall continue to be for the account of IPS, and the only remuneration of, or financial benefit to WU with respect to the IPS Agreements shall be the fees for the WU Services as set forth on Schedule 2.2. 
 (d) In performing the WU Services, WU may make no use of the names or trademarks of IPS or any of its Affiliates, except as is essential in order to
perform the WU Services in accordance with Schedule 2.1(A). 
 2.2. Payment for WU Services. In consideration for
providing the WU Services to IPS, IPS shall pay WU the fees (the “Service Fees”) set forth on Schedule 2.2. 
 2.3. Quality of WU Services. (a) WU shall provide the WU Services to IPS in accordance with the User Manuals, in substantially the same manner as WU performs such aspect for itself and in compliance with all Legal
Requirements applicable to the Business and to WU as the provider of the WU Services. 
 (b) The data and information submitted by WU to IPS
shall be accurate and complete, and WU shall be responsible for any errors in and with respect to the data and information submitted to IPS; provided, however, WU shall not be responsible for, and shall not be required to indemnify IPS
with respect to, incomplete, inaccurate or erroneous data or information to the extent such inaccuracy, incompleteness or error results from any inaccuracy, incompleteness or error in the data received by WU from IPS. To the extent WU is responsible
for the inaccuracy, incompleteness or error, WU shall promptly correct such errors or inaccuracies in the data or information prepared by WU and submitted to IPS, but such correction shall not limit WU’s indemnification obligations under
Article X. 
 (c) WU shall provide access to the WU Service Locations to such auditors, internal and external, and inspectors as IPS
or any regulatory authority may designate. Audits by regulatory authorities will occur on such occasions as the regulatory authority requires and with 
  

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 such notice as the regulatory authority permits. Such auditors and inspectors will be required to sign appropriate
confidentiality agreements and will be escorted by WU personnel while performing any audits or inspections (to the extent permitted by the regulatory authority, in the case of audits required by regulatory authorities). All audits or inspections of
the WU Service Locations and the WU Services that are required by IPS or by a regulatory authority having jurisdiction over IPS will be at the expense of IPS. WU shall provide such auditors and inspectors any assistance that they may reasonably
require. IPS shall not be required to reimburse WU for the costs or time of the WU employees providing such assistance or related overhead. If any audit by an auditor designated by IPS or a regulatory authority having jurisdiction over IPS or WU
results in WU being notified that it is not in compliance with any relevant and generally accepted accounting principle or other audit requirement relating to the WU Services, then: 
 (i) if the non-compliance was in existence prior to the date of this Agreement, WU will make such change at WU’s own expense; or

 (ii) if the non-compliance arose after the date of this Agreement and the change is requested by IPS in order to comply
with its auditors or regulators, WU shall make the change at IPS’ expense and any incremental recurring costs related to such change shall be at IPS’ expense; provided, however, that if WU would otherwise be required to make
such change if it were the issuer of Money Orders hereunder, WU shall make the change at its own expense and WU shall bear any incremental recurring costs related to such change. 
 In the event of a dispute between WU and IPS relating to a notification of non-compliance received by WU from an auditor or regulatory authority, WU and IPS shall resolve such dispute in accordance with the procedures
described in Section 11.13. 
 2.4. WU Personnel. WU shall designate an individual who shall be responsible
for implementing the WU Services (“Account Manager”). 
 2.5. Location of WU Services. The WU Services shall
be performed by WU at the WU Service Locations. WU may change any WU Service Location to a location where WU performs the same services for a majority of money orders processed by WU (including, but not limited to, Items). If a location is to be
changed, WU will provide IPS thirty (30) calendar days’ prior notice. If required by law or IPS’ regulators, WU must obtain IPS’ prior written consent to change any WU Service location, which consent will not be unreasonably
withheld. 
 2.6. Safety and Security Standards. As part of the WU Services, WU shall maintain and enforce at the WU
Service Locations such safety and security procedures as are required to meet the applicable regulatory standards. The safety and security procedures shall protect the data and information of IPS and its customers from unauthorized access. In the
event WU suffers a data security breach with respect to any of IPS’ data, WU shall promptly notify IPS of such event. 
  

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 2.7. Effect of Non-Performance of Either Party. In the event that either Party fails
to timely perform any task assigned to it pursuant to this Agreement, the other Party shall be excused from performing any subsequent task therein that is dependent upon, and cannot be performed in the ordinary course of the provision of the WU
Services without, the performance of the non-performed task, until the non-performed task is performed, and the time period for performing such subsequent task shall commence only when the non-performed task is completed in accordance therewith. The
excuse from performance provided in this Section 2.7 does not limit any remedy otherwise available to the Party so excused, including the right of the Party so excused to perform the non-performed task if practicable. 
 ARTICLE III 
 MANAGEMENT OF THE
IPS CLIENTS 
 3.1 IPS Agreements. Certain provisions relating to IPS Agreements are set forth in Schedule 2.1
(A). 
 3.2 Limitations on WU’s Obligations. Certain limitations on WU’s obligations as manager of the Business
are set forth in Schedule 2.1 (A). 
 ARTICLE IV 
 CLOSING 
 The closing shall occur by mutual agreement of the Parties as evidenced by the
execution of a certificate specifying the date of the closing (sometimes referred to herein as the “Closing Date”) by each of the Parties. 
 ARTICLE V 
 REPRESENTATIONS AND WARRANTIES OF IPS 
 As an inducement to WU to enter into this Agreement and to consummate the transactions contemplated hereby, IPS represents and warrants to WU and agrees
as follows: 
 5.1. Organization of IPS. IPS is a corporation duly organized, validly existing and in good standing under
the laws of the State of Delaware. IPS has full corporate power and authority to own, operate and use the assets used in connection with the Business and to carry on the Business as now conducted. 
 5.2. Authority of IPS. IPS has full corporate power and authority to execute, deliver and perform this Agreement. The execution,
delivery and performance of this Agreement by IPS have been duly authorized and approved by IPS and do not require any further authorization or consent of IPS or its stockholder. This Agreement has been duly executed and delivered by IPS and is the
legal, valid and binding obligation of IPS enforceable in accordance with its terms. 
  

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 5.3. Contract Schedule. The IPS Agreements referenced on the Contract Schedule are
all of the agreements, contracts or understandings that have been entered into by IPS and are currently in force with sellers of Money Orders or pursuant to which Money Orders are sold. 
 5.4 Governmental Permits. IPS owns, holds or possesses all licenses, franchises, permits, privileges, immunities, approvals and other
authorizations from a Governmental Body that are necessary to entitle it to own or lease, operate and use the assets used in connection with the Business and to carry on and conduct the Business substantially as currently conducted (collectively,
the “Governmental Permits”), except for such Governmental Permits as to which the failure to so own, hold or possess would not have a material adverse effect on the Business. 
 5.5 Capacity. IPS has, and will maintain throughout the Term, the operational capacity and resources necessary to perform the
services as set forth on Schedule 5.5. 
 ARTICLE VI 
 REPRESENTATIONS AND WARRANTIES OF WU 
 As an inducement to IPS to enter
into this Agreement and to consummate the transactions contemplated hereby, WU hereby represents and warrants to IPS and agrees as follows: 
 6.1. Organization of WU. WU is a corporation duly organized, validly existing and in good standing under the laws of the State of Colorado. WU has full corporate power and authority to provide the WU Services and to
own, operate and use its properties and assets and to carry on its business as now conducted. 
 6.2. Authority of WU.
WU has full corporate power and authority to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by WU have been duly authorized and approved by WU and do not require any further authorization or
consent of WU or its stockholder. This Agreement has been duly executed and delivered by WU and is the legal, valid and binding agreement of WU enforceable in accordance with its terms. 
 6.3. Capacity and Governmental Permits. WU has, and will maintain throughout the Term, the operational capacity and resources
necessary to perform the WU Services in accordance with this Agreement. WU owns, holds or possesses all licenses, franchises, permits, privileges, immunities, approvals and other authorizations from Governmental Bodies that are necessary for it to
perform the WU Services in accordance with this Agreement. 
  

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 ARTICLE VII 
 CERTAIN CONTRACT AND TRANSITION RELATED PROVISIONS 
 7.1 Contract Provisions.
Certain provisions relating to agreements with selling agents are set forth in Schedule 2.1 (A). 
 7.2 Termination of
Certain IPS Contractual Provisions. Certain provisions relating to agreements with IPS Clients are set forth in Schedule 2.1 (A). 
 7.3 Transition Efforts. (a) If WU decides to issue WU branded money orders under its own licenses or to issue money orders under another third party’s licenses, IPS agrees that it will, in good faith, negotiate with
WU a transition services agreement to provide WU with the types of services that IPS is providing under this Agreement as listed in Schedule 5.5 for a reasonable period of time in order to allow WU to make a smooth transition to the sale of
such other money order service. 
 (b) After the third anniversary of the Closing Date, IPS shall have the right to require WU to agree to
either (i) issue Money Orders under its own licenses (or make arrangements with another third party to issue Money Orders) and perform the obligations of the issuer of Money Orders under any IPS Agreements after the last day of the Initial
Term; or (ii) cease entering into IPS Agreements that extend beyond the last day of the Initial Term. 
 7.4 Equipment.
Point of Sale equipment, software and other equipment used in connection with the Business (collectively, all such items are referred to herein as “POS Equipment”) shall be maintained by WU. POS Equipment shall be provided to WU and
the IPS Client in accordance with Schedule 7.4. 
 7.5 Abandoned Property Software, Documentation and System. The
abandoned property software, documentation and system utilized in the Business shall be provided to WU in accordance with Schedule 5.5. 
 ARTICLE VIII 
 ADDITIONAL AGREEMENTS 
 8.1. Taxes. For purposes of this Section 8.1, “Transaction Tax” shall mean any federal, state or local gross
receipts, sales or use tax or other like assessment or charge. The recipient of any services rendered pursuant to this Agreement shall be responsible for any Transaction Taxes levied or imposed on the provision of such services. 
 8.2. Proprietary and Confidential Information. (a) Except as specifically provided in this Agreement, neither Party shall use
or disclose to any third party any Confidential Information of the other Party; provided, however, that information shall not be regarded as 
  

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 Confidential Information if it (i) is or becomes generally available to the public other than as a result of a
disclosure by one of the Parties or any of its Affiliates, as the case may be; (ii) is or becomes known or available to one of the Parties or its respective Affiliates, as the case may be, on a non-confidential basis from a source who, insofar
as is known to such Party, is not prohibited from transmitting the information to such Party or its Affiliates by a contractual, legal or fiduciary obligation; or (iii) is or was developed by a Party or any of its Affiliates without the use of
any Confidential Information from the other Party or any of its Affiliates. All Confidential Information shall be held in confidence by the Parties to the same extent and in at least the same manner as the Parties protect their own confidential or
proprietary information. 
 (b) Each Party shall be permitted to disclose relevant aspects of the other Party’s Confidential Information
to its officers, agents and employees and to the officers, agents and employees of its Affiliates to the extent that such disclosure is reasonably necessary for the performance of its duties and obligations under this Agreement; provided,
that such Party shall take all reasonable measures to ensure that Confidential Information of the other Party is not disclosed or duplicated in contravention of this Agreement by such officers, agents and employees. In addition, WU may use IPS’
Confidential Information regarding IPS Clients for the purposes contemplated by Schedule 2.1 (A), Section 1 (b); provided, that such use is not in contravention of any agreement between IPS and the applicable IPS Client or such use is
not prohibited by law. 
 (c) The obligations in this Section 8.2 shall not restrict any disclosure by either Party pursuant to
any applicable law or by order of any court or government agency (provided that the disclosing Party shall give prompt notice to the non-disclosing Party of such order). 
 (d) As used in this Agreement, the term “Confidential Information” shall mean (i) with respect to IPS, all information, data and materials relating to the customers, business and affairs of IPS
provided to, disclosed or received by WU from any source in connection with this Agreement or WU’s performance of the WU Services, including any Trade Secrets and the terms of any IPS Agreement, (ii) with respect to WU, all information,
data and materials relating to the customers, business and affairs of WU provided to, disclosed or received by IPS from any source in connection with this Agreement, including any Trade Secrets and the terms of any WU Agreement and (iii) the
terms of this Agreement. 
 (e) Notwithstanding the foregoing, WU shall be entitled to use Confidential Information of IPS after the
termination of this Agreement to the extent use of such information is necessary in connection with its continuation of the Business after the termination of this Agreement. 
 8.3. Employees and Employee Benefit Plans. (a) Other than as WU may otherwise agree in its discretion by separate agreement in
connection with its spin off from First Data Corp., no person who is or who has been an employee of IPS (an “Employee”) shall transfer employment to WU or any of its Affiliates in connection with WU’s provision of WU Services
pursuant to this Agreement. Nothing contained in this Agreement shall obligate WU to employ any persons who are or who have been Employees. IPS shall retain the sole 
  

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 responsibility, in connection with the Employees’ employment by IPS and its Affiliates, for all matters relating to
the maintenance of personnel and payroll records, the withholding and payment of federal, state and local income and payroll Taxes, the payment of workers’ compensation and unemployment compensation insurance, salaries, wages and pension,
welfare and other fringe benefits, including any severance and/or pay-out of accrued vacation pay which may be triggered as a result of any termination of employment (including all severance and vacation pay liabilities incurred on or prior to the
Closing Date) and the conduct of all other matters relating to labor relations, including compliance with IPS’ obligations under any applicable collective bargaining agreements and all negotiations and communications with any union. IPS shall
retain liability for compliance with all applicable labor and employment laws relating to the Employees in connection with their employment by IPS or any of its Affiliates. IPS shall retain the obligation and liability for any workers’
compensation or similar workers’ protection claims with respect to any Employee in connection with the Employee’s employment by IPS or its Affiliates. 
 (b) IPS shall retain all liabilities under its employee benefits plans, programs, agreements and arrangements, in connection with each Employee’s employment by IPS and its Affiliates, including (a) any
liabilities relating to any noncompliance with applicable laws, including COBRA, and (b) any liabilities which arise as a result of IPS’ joint and several liability through its relationship with an Affiliate. IPS shall be solely
responsible to provide continuation coverage under COBRA and other any applicable law to any Employee or beneficiary of any Employee who is entitled to such continuation coverage in connection with the Employee’s employment by IPS and its
Affiliates. 
 8.4. Insurance. During the Term, WU shall maintain the adequate and customary insurance coverages for the
conduct of the Business. WU shall add IPS to the Commercial General Liability policy as an additional insured. WU shall provide IPS with a certificate of such coverage prior to the date of this Agreement. WU shall provide to IPS at least thirty
(30) days prior written notice of any cancellation, modification or alteration affecting the coverage. 
 8.5. Independent
Contractor Status. Nothing in this Agreement shall be deemed to create a partnership, joint venture or agency relationship between the Parties. WU shall render and perform the WU Services as an independent contractor in accordance with its
own standards, subject to its compliance with the provisions of this Agreement and with all applicable laws, ordinances and regulations. 
 8.6. License to Use IPS Patent License. As further described in Schedule 2.1 (A), IPS has granted WU a license to use an IPS patent license. 
 8.7. Legal Requirements. During the Term, (i) IPS agrees to conduct the Business in compliance with the Legal Requirements (but
such agreement shall not limit WU’s obligation to perform the WU Services in accordance herewith), and (ii) WU agrees to perform the WU Services in compliance with all Legal Requirements applicable to the Business and to WU as the provider
of the WU Services. 
  

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 ARTICLE IX 
 TERM AND TERMINATION 
 9.1. Term. (a) Subject to any early
termination provided for in this Agreement, the term of the provision of WU Services under this Agreement begin on the effective date hereof and shall continue for a period of 5 years (the “Initial Term”). 
 (b) At any time after the first anniversary of the Closing Date, WU may request any extension of this Agreement for an additional term. If the parties
are able to mutually agree to the terms of such extension (including without limitation, the length of the extension and pricing), the provision of WU Services under this Agreement may be extended for an additional term (the “Additional
Term” and, together with the Initial Term, the “Term”). 
 (c) The provisions related to IPS’ payment for WU
Services shall survive the termination of this Agreement and IPS shall continue to pay WU for the WU Services until all Money Orders have either been paid or escheated. In the event a Money Order is not subject to escheatment, the provisions related
to IPS’ payment for WU Services with respect to such Money Order shall survive the termination of this Agreement and IPS shall continue to pay WU for the WU Services until such Money Order is either paid or, if not paid, until seven years after
the date of issuance of such Money Order. 
 (d) If on the last day of the Initial Term, IPS continues to have obligations under the IPS
Agreements that have not been assumed by WU, then IPS and WU agree to extend the term of this Agreement until all such obligations have been satisfied; provided, however, that during such extended Term, WU shall not be authorized to further extend
the term of any IPS Agreement without the written consent of IPS. 
 9.2. Termination. The provision of WU Services
under this Agreement may be terminated pursuant to Section 9.3 or at any time by the mutual written consent of WU and IPS. 
 9.3. Events of Default. (a) The occurrence of any of the following events (each, an “Event of Default”) shall constitute an Event of Default under this Agreement: 
 (i) Payment of Obligations under this Agreement. The failure by either Party to make any payment to the other when such payment is
due and owing pursuant to the terms and conditions of this Agreement. 
 (ii) Failure to Perform. The failure of either
Party to perform any material term, covenant, or agreement contained in this Agreement. 
 (iii) Breach of Representation
or Warranty. Any representation or warranty of either Party made in this Agreement or in any document or instrument delivered pursuant to or in connection with this Agreement shall prove to have been false in any material respect upon the date
when made. 
  

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 (iv) Insolvency, Bankruptcy, Etc. 
 (A) If either Party shall make an assignment for the benefit of creditors, or shall admit in writing its inability to pay or shall
generally fail to pay its debts as they mature or become due, or shall petition or apply for the appointment of a trustee or other custodian, liquidator or receiver of such Party or of any substantial part of the assets of such Party or shall
commence any case or other proceeding relating to such Party under any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution or liquidation or similar law of any jurisdiction, now or hereafter in effect, or shall take any action
to authorize or in furtherance of any of the foregoing, or any such petition or application shall be filed or any such case or other proceeding shall be commenced against such Party and such Party shall indicate its approval thereof, consent
thereto, or acquiescence therein. 
 (B) If a decree or order shall be entered appointing any such trustee, custodian,
liquidator or receiver, or adjudicating either Party bankrupt or insolvent, or approving a petition in any such case or other proceeding, or a decree or order for relief shall be entered in respect of such Party in an involuntary case under Federal
bankruptcy laws as now or hereafter in effect. 
 (b) If any Event of Default shall have occurred, the non-defaulting Party shall notify the
defaulting Party in writing (the “Notice of Default”) of such Event of Default. If such Event of Default has not been cured or waived in writing within thirty (30) calendar days of the date of the Notice of Default, the
non-defaulting Party may, in its discretion, immediately terminate the provision of WU Services under this Agreement; provided, however, that if the Event of Default is a payment default pursuant to Section 9.3(a)(i), the
period for curing such default shall be reduced to ten (10) calendar days. The foregoing right to terminate is not intended to be exclusive of any other remedy given hereunder or now or hereafter existing at law or in equity or by statute or
any other provision of law. 
 9.4. Effect of Termination. Except as expressly provided herein, the termination of the
provision of WU Services under this Agreement shall not affect any other provisions of this Agreement. Termination of the provision of WU Services under this Agreement shall not limit either Party’s obligations for breach of this Agreement
prior to termination or for the payment of amounts due that were incurred prior to such termination. 
 ARTICLE X 
 INDEMNIFICATION AND LIMITATION ON LIABILITY 
 10.1. Indemnification by IPS. (a) IPS agrees to indemnify and hold harmless each WU Group Member from and against any and all Losses and Expenses incurred by such WU Group Member in
connection with or arising from: 
 (i) any breach by IPS of any of its covenants in this Agreement; 
  

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 (ii) any failure of IPS to perform any of its obligations in this Agreement; 

(iii) any breach of any warranty or the inaccuracy of any representation of IPS contained or referred to in this Agreement; or

 (iv) the grossly negligent, intentionally wrongful or fraudulent acts of IPS or its employees, agents or representatives.

 (b) Limitation on Indemnification by IPS. Subject to Section 10.4(b), the indemnification by IPS provided for in
Section 10.1(a) shall terminate one (1) year after the expiration of the Initial Term (and no claims shall be made by a WU Group Member thereafter); provided, however, indemnification by IPS shall continue as to:

 (i) the covenants of IPS set forth in Sections 8.1, 8.2 and 8.3, as to all of which no time
limitation shall apply; 
 (ii) any Losses or Expenses of which any WU Group Member has notified IPS in accordance with the
requirements of Section 10.4 on or prior to the date such indemnification would otherwise terminate in accordance with this Section 10.1(b), as to which the obligation of IPS shall continue until the liability of IPS shall
have been determined pursuant to this Article X, and IPS shall have reimbursed all WU Group Members for the full amount of such Losses and Expenses for which IPS is liable in accordance with this Article X; 
 (iii) claims relating to or arising out of the WU Services provided in the Additional Term or during the term of any extension of the
term of this Agreement pursuant to Section 9.1 (d); provided, however, that the indemnification provided for in this subsection (iii) shall terminate one (1) year after the expiration of the Additional Term
or the expiration of the term of any extension of the term of this Agreement pursuant to Section 9.1 (d), as the case may be; 
 (iv) claims relating to or arising out of the failure of IPS to pay WU for the WU Services; and 
 (v) claims related to payment for WU Services as set forth in Section 9.1. 
 IPS’ indemnification obligations provided for in this
Agreement shall be further limited as follows: 
 (A) No Consequential Damages. In no event shall IPS or any of its
Affiliates be liable for any consequential damages under or in connection with this Agreement, which are hereby excluded by agreement of the Parties regardless of whether IPS or any of its Affiliates has been advised, or could have foreseen, of the
possibility of such damages; provided, however, that the foregoing exclusion shall not apply to (1) consequential damages incurred by any WU Group Member as a result of the violation by IPS of the covenants in
Section 8.2, or (2) in the case of consequential damages recovered from a WU Group Member by a third party. The foregoing represents an express allocation of risk between the Parties. 
  

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 (B) Notwithstanding anything in this Agreement to the contrary, IPS shall in no event be
liable or responsible for its failure to carry out any of its obligations under this Agreement, if and to the extent such failure is caused by Force Majeure. If performance by IPS is delayed by more than thirty (30) days by Force Majeure, WU
may terminate this Agreement by notice to IPS which termination right, if exercised by WU, shall be WU’s sole remedy for IPS’ failure to provide IPS Services by reason of any Force Majeure. Notwithstanding anything in this paragraph,
nothing shall limit any claims by WU unrelated to the Force Majeure event. 
 (C) Disclaimer of Warranties. Except as
expressly set forth in this Agreement, IPS does not make any representation or warranty whatsoever, express or implied, including, but not limited to, any representation or warranty as to IPS Services (including with respect to the nature, quantity
or quality thereof) to be provided hereunder. 
 (D) Notwithstanding anything contained in this Agreement to the contrary,
IPS’ aggregate liability for indemnification pursuant to this Section 10.1 shall in no event exceed $5 million. 
 10.2. Indemnification by WU. (a) WU agrees to indemnify and hold harmless each IPS Group Member from and against any and all Losses and Expenses incurred by such IPS Group Member in connection with or
arising from: 
 (i) any breach by WU of any of its covenants or agreements in this Agreement; 
 (ii) any failure by WU to perform any of its obligations in this Agreement including its obligations to perform the WU Services in
accordance with Schedule 2.1(A); 
 (iii) any breach of any warranty or the inaccuracy of any representation of WU
contained or referred to in this Agreement; 
 (iv) the grossly negligent, intentionally wrongful or fraudulent acts of WU or
its employees, agents or representatives; 
 (v) any Counterfeit Item that is presented to IPS for payment during the Term
with respect to which action was required to be taken by WU pursuant to Schedule 2.1(A) and WU failed to take such action; or 
 (vi) any acts of IPS Clients. 
  

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 (b) Limitation on Indemnification by WU. Subject to Section 10.4(b), the
indemnification by WU provided for in Section 10.2(a) shall terminate one (1) year after the expiration of the Initial Term (and no claims shall be made by an IPS Group Member thereafter), provided, however,
indemnification by WU shall continue as to: 
 (i) the covenants of WU set forth in Sections 8.1, 8.2, and
8.3, as to all of which no time limitation shall apply; 
 (ii) any Losses or Expenses of which IPS has notified WU in
accordance with the requirements of Section 10.4 on or prior to the date such indemnification would otherwise terminate in accordance with this Section 10.2(b), as to which the obligation of WU shall continue until the
liability of WU shall have been determined pursuant to this Article X, and WU shall have reimbursed all IPS Group Members for the full amount of such Losses and Expenses for which WU is liable in accordance with this
Article X; and 
 (iii) claims relating to or arising out of the WU Services provided in the Additional Term or
during the term of any extension of the term of this Agreement pursuant to Section 9.1 (d); provided, however, that the indemnification provided for in this subsection (iii) shall terminate one (1) year
after the expiration of the Additional Term or the expiration of the term of any extension of the term of this Agreement pursuant to Section 9.1 (d), as the case may be. 
 WU’s indemnification obligations provided for in this Agreement shall be further limited as follows: 
 (A) Notwithstanding anything in this Agreement to the contrary, WU shall in no event be liable or responsible for its failure to carry out
any of its obligations under this Agreement, if and to the extent such failure is caused by Force Majeure. If performance by WU is delayed by more than thirty (30) days by Force Majeure, IPS may terminate this Agreement by notice to WU, which
termination right, if exercised by IPS, shall be IPS’ sole remedy for WU’s failure to provide WU Services by reason of any Force Majeure. Notwithstanding anything in this paragraph, nothing shall limit any claims by IPS unrelated to the
Force Majeure event. 
 (B) Disclaimer of Warranties. Except as expressly set forth in this Agreement, WU does not make
any representation or warranty whatsoever, express or implied, including, but not limited to, any representation or warranty as to WU Services (including with respect to the nature, quantity or quality thereof) to be provided hereunder. 

(C) No Consequential Damages. In no event shall WU or any of its Affiliates be liable for any consequential damages under or in
connection with this Agreement, which are hereby excluded by agreement of the Parties regardless of whether WU or any of its Affiliates has been advised, or could have foreseen, of the possibility of such damages; provided, however,
that the foregoing 
  

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 exclusion shall not apply (1) to consequential damages incurred by any IPS Group Member as a result
of violations by WU of the covenants in Section 8.2, or (2) in the case of consequential damages recovered from an IPS Group Member by a third party. The foregoing represents an express allocation of risk between the Parties.

 (D) Counterfeit Items. In the case of any Counterfeit Item which is presented to IPS for payment during the Term
with respect to which either no action was required to be taken by WU pursuant to Schedule 2.1(A) or all action that was required to be taken by WU pursuant to Schedule 2.1(A) was taken, WU will have no obligation to indemnify and hold
harmless each IPS Group Member and any and all Losses and Expenses incurred in connection with or arising from such Counterfeit Item shall be the sole responsibility of IPS. 
 (E) Notwithstanding anything contained in this Agreement to the contrary and except for the indemnification obligations of WU set forth in
Section 10.2(a)(v), WU’s annual aggregate liability for indemnification pursuant to this Section 10.2 shall in no event exceed $5 million, provided, however, that such limit shall not apply to: 

(i) Losses and Expenses related to a failure of either WU or an IPS Client to remit proceeds from the sale of Money Orders to
IPS. 
 (ii) Losses and Expenses caused by WU’s failure to instruct IPS to return, by the applicable deadline
specified in the User Manuals, a Counterfeit Item when such failure to make a timely return was not caused by IPS’s failure to follow the procedure set in the User Manuals; 
 (iii) Losses and Expenses caused by WU’s failure to instruct IPS to return (including all such failures caused by IPS’s failure
to enter stop payment orders in accordance with User Manuals), by the applicable deadline specified in the User Manuals, an Item on which a stop payment has been requested in accordance the procedure set forth in the User Manuals, when such failure
to make a timely return was not caused by IPS’s failure to follow the procedure set forth in the User Manuals; 
 (iv)
Losses and Expenses caused by WU’s failure to instruct IPS to return, by the applicable deadline specified in the User Manuals, a payment instrument that does not bear a serial number assigned to an IPS Client or does bear a serial number
assigned to an IPS Client but its face amount does not correspond to the issue amount reported by the IPS Client when such failure to make a timely return was not caused by IPS’s failure to follow the procedure set forth on in the User Manuals;
or 
 (v) Losses and Expenses caused by WU’s failure to instruct IPS to return, by the applicable deadline specified in
the User Manuals, a 
  

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 payment instrument or Item that bears the same valid serial number and face amount as an Item (or
Counterfeit Item) previously paid when such failure to make a timely return was not caused by IPS’s failure to follow the procedure set forth in the User Manuals. 
 (vi) Regulatory fines, assessment and penalties arising from WU’s non-compliance with the terms and conditions of this Agreement.

 For purposes of subparagraphs (i) through (iv) above, the terms “Losses and Expenses” shall not include losses or expenses incurred by
IPS that are related to adjustments to the average investable balance of an IPS Client that will be required when the items described above are properly recorded or adjusted as the case may be. 
 (c) In the event that IPS makes a claim against WU for indemnification under this Agreement, IPS shall assist and cooperate fully with WU, in all such
lawful manners as WU shall request, in asserting in the name of WU any claims or rights against any third party or any defenses to claims asserted by third parties that IPS may have, or have the right to assert, including, without limitation, any
rights under any agreement with IPS’ depository banks, the IPS Clients or other third party, by law or in equity. Such assistance and cooperation shall include, but not be limited to, the assignment of claims, rights or defenses held by IPS,
but excludes the right to assert or defend any action in the name of IPS. As part of such assistance, IPS will make available IPS employees knowledgeable with respect to such claim or defense. WU shall bear any material costs and expenses incurred
by IPS to third parties, such as IPS’ out-of-pocket costs and outside attorneys’ fees, in providing such assistance and cooperation, but WU shall not be required to reimburse IPS for the costs or time of IPS employees or related overhead.
Upon reasonable request, WU shall provide IPS with non-confidential information regarding the status of any such actions. 
 (d) In the event
that WU is required by law, regulation or court order to bring a formal legal action against an IPS Client, an IPS depository bank or other third party, under IPS’ name (whether as a claimant or co-claimant), then WU and IPS shall utilize the
following procedures: 
 (A) WU will notify IPS of its intent to bring a formal legal action against the third party, and will
include in such notification a copy of the law, regulation, court order or written opinion of outside counsel on letterhead, demonstrating that IPS is a necessary party to the legal proceedings contemplated. 
 (B) IPS shall determine within ten (10) Business Days of the receipt of the notice and documentation whether it will permit WU to
proceed in IPS’ name. If IPS will permit WU to proceed in IPS’ name, WU shall proceed with the proposed formal legal action and/or any other action WU has the right to pursue pursuant to Section 10.2(c). If IPS will not permit
WU to proceed in IPS’ name, (1) IPS shall promptly reimburse WU for the amount of the claim that is attributable to the actions or failures of the third party (and that WU has previously paid to IPS), and (2) IPS shall have no
further right to seek 
  

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 indemnification from WU for such that portion of such claim under this Agreement. In the event IPS and WU
do not agree as to the amount of the claim attributable to the actions or failures of the third party, such dispute will be resolved in accordance with Section 11.13. 
 (C) In the event any formal proceedings are commenced hereunder under IPS’ name, WU will update IPS regularly on the status of such
proceedings and provide information as reasonably requested by IPS regarding such proceedings. 
 10.3. Specific
Performance. (a) In the event IPS or any of its Affiliates violates any of its obligations under Section 8.2, WU may proceed against it in law or in equity for such damages or other relief as a court may deem
appropriate. IPS acknowledges that a violation of Section 8.2 may cause WU irreparable harm which may not be adequately compensated for by money damages. IPS therefore agrees that in the event of any actual or threatened violation of
Section 8.2, WU shall be entitled, in addition to other remedies that it may have, to a temporary restraining order and to preliminary and final injunctive relief against IPS or such Affiliate of IPS to prevent any violations of
Section 8.2, without the necessity of posting a bond. 
 (b) In the event WU or any of its Affiliates violates any of its
obligations under Section 8.2, IPS may proceed against it in law or in equity for such damages or other relief as a court may deem appropriate. WU acknowledges that a violation of Section 8.2 may cause IPS irreparable harm
which may not be adequately compensated for by money damages. WU therefore agrees that in the event of any actual or threatened violation of Section 8.2, IPS shall be entitled, in addition to other remedies that it may have, to a
temporary restraining order and to preliminary and final injunctive relief against WU or such Affiliate of WU to prevent any violations of Section 8.2, without the necessity of posting a bond. 
 (c) The prevailing Party in any action commenced under this Section 10.3 shall also be entitled to receive reasonable attorneys’ fees
and court costs. 
 10.4. Notice of Claims. 
 (a) General Procedures. The following procedures shall apply to any claim for indemnification under this Agreement: 
 (i) Any Person (the “Indemnified Party”) seeking indemnification hereunder shall give to the Party obligated to provide indemnification to such Indemnified Party (the “Indemnifying
Party”) a notice (a “Claim Notice”) describing in reasonable detail the facts giving rise to any claim for indemnification hereunder and shall include in such Claim Notice (if then known) the amount or the method of
computation of the amount of such claim, and a reference to the provision of this Agreement or any other agreement, document or instrument executed hereunder or in connection herewith upon which such claim is based; provided, that a Claim
Notice in respect of any action at law or suit in equity by or against a third Person as to which indemnification will be sought shall be 
  

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 given promptly after the action or suit is commenced; provided further that failure to give
such notice shall not relieve the Indemnifying Party of its obligations hereunder except to the extent it shall have been prejudiced by such failure. 
 (ii) In calculating any Losses or Expenses (i) there shall be deducted (x) any insurance recovery in respect thereof (and no right of subrogation shall accrue hereunder to any insurer) and (y) the
amount of any Tax benefit to the Indemnified Party (or any of its Affiliates) with respect to such Losses or Expenses (after giving effect to the tax effect of receipt of the indemnification payments), and (ii) there shall be added the amount
of any Tax detriment to the Indemnified Party (or any of its Affiliates) with respect to such Losses or Expenses (after giving effect to the tax effect of receipt of the indemnification payments). 
 (iii) After the giving of any Claim Notice pursuant hereto, the amount of indemnification to which an Indemnified Party shall be entitled
under this Article X shall be determined (i) by the written agreement between the Indemnified Party and the Indemnifying Party; (ii) pursuant to Section 11.13; or (iii) by any other means to which the
Indemnified Party and the Indemnifying Party shall agree. The judgment or decree of a court shall be deemed final when the time for appeal, if any, shall have expired and no appeal shall have been taken or when all appeals taken shall have been
finally determined. The Indemnified Party shall have the burden of proof in establishing the amount of Losses and Expenses suffered by it. 
 (b) Limitation on Notice Period Relating to WU Services. No cause of action, dispute or claim for indemnification relating to the WU Services may be asserted or made against any Party on a date later than: (i) two (2) years
after the date in which facts giving rise to such cause of action, dispute or claim are discovered or, with the exercise of due diligence, should reasonably have been discovered, or if such event for which indemnification is claimed is an action or
proceeding brought against the Indemnified Party, the end of the related notification period provided in Section 10.4(a) or (ii) one year after the earlier of the termination of the provision of WU Services under this Agreement or
the expiration of the Additional Term. 
 10.5. Third Person Claims. The following procedures shall apply to any claim
for indemnification under this Agreement: 
 (a) Subject to Section 10.5(b), the Indemnified Party shall have the right to conduct
and control, through counsel of its choosing, the defense, compromise or settlement of any third Person claim, action or suit against such Indemnified Party as to which indemnification will be sought by any Indemnified Party from any Indemnifying
Party hereunder, and in any such case the Indemnifying Party shall cooperate in connection therewith and shall furnish such records, information and testimony and attend such conferences, discovery proceedings, hearings, trials and appeals as may be
reasonably requested by the Indemnified Party in connection therewith; provided, that the Indemnifying Party may participate, through counsel chosen by it and at its own expense, in the defense of any such claim, action or suit as to which
the Indemnified Party has so elected to conduct and control the defense thereof; and provided, further, that the Indemnified Party shall not, without the written consent of the Indemnifying 
  

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 Party (which written consent shall not be unreasonably withheld), pay, compromise or settle any such claim, action or
suit, except that no such consent shall be required if, following a written request from the Indemnified Party, the Indemnifying Party shall fail, within fourteen (14) days after the making of such request, to acknowledge and agree in writing
that, if such claim, action or suit shall be adversely determined, such Indemnifying Party has an obligation to provide indemnification hereunder to such Indemnified Party. Notwithstanding the foregoing, the Indemnified Party shall have the right to
pay, settle or compromise any such claim, action or suit without such consent, provided that in such event the Indemnified Party shall waive any right to indemnity therefor hereunder unless such consent is unreasonably withheld. 

(b) If any third Person claim, action or suit against any Indemnified Party is solely for money damages, then the Indemnifying Party shall have the
right to conduct and control, through counsel of its choosing, the defense, compromise or settlement of any such third Person claim, action or suit against such Indemnified Party as to which indemnification will be sought by any Indemnified Party
from any Indemnifying Party hereunder if the Indemnifying Party has acknowledged and agreed in writing that, if the same is adversely determined, the Indemnifying Party has an obligation to provide indemnification to the Indemnified Party in respect
thereof, and in any such case the Indemnified Party shall cooperate in connection therewith and shall furnish such records, information and testimony and attend such conferences, discovery proceedings, hearings, trials and appeals as may be
reasonably requested by the Indemnifying Party in connection therewith; provided, that the Indemnified Party may participate, through counsel chosen by it and at its own expense, in the defense of any such claim, action or suit as to which
the Indemnifying Party has so elected to conduct and control the defense thereof. Notwithstanding the foregoing, the Indemnified Party shall have the right to pay, settle or compromise any such claim, action or suit, provided that in such
event the Indemnified Party shall waive any right to indemnity therefor hereunder unless the Indemnified Party shall have sought the consent of the Indemnifying Party to such payment, settlement or compromise and such consent was unreasonably
withheld, in which event no claim for indemnity therefor hereunder shall be waived. 
 ARTICLE XI 
 GENERAL PROVISIONS 
 11.1. Survival of Obligations. All representations, warranties, covenants and obligations contained in this Agreement shall survive the consummation of the transactions contemplated by this Agreement. 
 11.2. No Public Announcement. Neither WU nor IPS shall, without the approval of the other, make any press release or other public
announcement concerning the transactions contemplated by this Agreement, except as and to the extent that any such Party shall be so obligated by law or the rules of any stock exchange, in which case the other Party shall be advised and the Parties
shall use their best efforts to cause a mutually agreeable release or announcement to be issued; provided, however, that the foregoing shall not preclude communications or disclosures necessary to implement the provisions of this
Agreement or to comply with the accounting and Securities and Exchange Commission disclosure obligations. 
  

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 11.3. Notices. All notices or other communications required or permitted hereunder
shall be in writing and shall be deemed given or delivered (i) when delivered personally, (ii) if transmitted by facsimile, when confirmation of transmission is received, (iii) if sent by registered or certified mail, postage prepaid,
return receipt requested, on the third Business Day after mailing, or (iv) if sent by reputable overnight courier services, when received, and shall be addressed as follows: 
 If to WU, to: 
 Western Union Financial
Services, Inc. 
 12510 East Belford Avenue 
 Englewood, Colorado 80112 
 Telephone: (720) 332-3190 
 Facsimile: (720) 332-0501 
 Attention:
General Manager- Retail Money Order 
 with a copy to: 
 General Counsel 
 If to IPS, to: 
 Integrated Payment Systems Inc. 
 12500 East
Belford Avenue, Mail Stop M18U 
 Englewood, Colorado 80112 
 Telephone: (720) 332-3101 
 Facsimile: (720) 332-0096 
 Attention: President 
 with a copy to:

 General Counsel 
 or to such other address as such Party may indicate by a notice delivered to the other Party. 
 11.4. Successors and
Assigns; Third Party Beneficiaries. (a) The rights and obligations of either Party under this Agreement shall not be assigned by such Party without the written consent of the other Party. 
 (b) This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns. Except for
Article X, which is intended to benefit, and to be enforceable by, the parties specified therein, nothing in this 
  

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 Agreement, expressed or implied, is intended or shall be construed to confer upon any Person other than the Parties and
their respective successors and assigns permitted by this Section 11.4 any right, remedy or claim under or by reason of this Agreement. 
 11.5. Access to Records after Closing Date. For a period of eight (8) years after the expiration or termination of the Term or the expiration of the term of any extension of the term of this Agreement pursuant to
Section 9.1 (c) or Section 9.1(d), as applicable, each Party and its representatives shall have reasonable access to all of the books and records related to this Agreement to the extent necessary for such Party to meet
its regulatory and contractual responsibilities. Such access shall be afforded to such Party and its Affiliates upon receipt of reasonable advance notice and during normal business hours. The requesting Party shall be solely responsible for any
costs and expenses incurred by it pursuant to this Section 11.5 in seeking access to books and records in the control of the other Party. The non-requesting Party shall be solely responsible for any costs and expenses incurred by it in
complying with this Section 11.5. If either Party or any of its Affiliates shall desire to dispose of any of such books and records prior to the expiration of such eight-year period, such Party shall, prior to such disposition, give the
other Party a reasonable opportunity, at the non-disposing Party’s expense, to segregate and remove such books and records as the non-disposing Party may select. 
 11.6. Entire Agreement; Amendments. This Agreement and the Exhibits and Schedules referred to herein and the documents delivered pursuant hereto contain the entire understanding of the Parties
with regard to the subject matter contained herein or therein, and supersede all prior agreements, understandings or letters of intent between the Parties. This Agreement shall not be amended, modified or supplemented except by a written instrument
signed by an authorized representative of each of the Parties. 
 11.7. Interpretation. Article titles and headings to Sections
are inserted for convenience of reference only and are not intended to be a part of or to affect the meaning or interpretation of this Agreement. 
 11.8. Waivers. Any term or provision of this Agreement may be waived, or the time for its performance may be extended, by the Party or Parties entitled to the benefit thereof. Any such waiver shall be validly and
sufficiently authorized for the purposes of this Agreement only if, as to any Party, it is in writing signed by an authorized representative of such Party. The failure of any Party to enforce at any time any provision of this Agreement shall not be
construed to be a waiver of such provision, nor in any way to affect the validity of this Agreement or any part hereof or the right of any Party thereafter to enforce each and every such provision. No waiver of any breach of this Agreement shall be
held to constitute a waiver of any other or subsequent breach. 
 11.9. Expenses. Each Party will pay all costs and expenses
incident to its negotiation and preparation of this Agreement and to its performance and compliance with all agreements and conditions contained herein on its part to be performed or complied with, including the fees, expenses and disbursements of
its counsel and accountants. 
  

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 11.10. Severability. Wherever possible, each provision of this Agreement shall be
interpreted in such manner as to be effective and valid under applicable law, but in case any one or more of the provisions contained herein shall, for any reason, be held to be invalid, illegal or unenforceable in any respect, such provision shall
be ineffective to the extent, but only to the extent, of such invalidity, illegality or unenforceability without invalidating the remainder of such provision or provisions or any other provisions hereof, unless such a construction would be
unreasonable. 
 11.11. Execution in Counterparts. This Agreement may be executed in any number of counterparts, each of
which shall be considered an original instrument, but all of which together shall be considered one and the same agreement, and shall become binding when one or more counterparts have been signed and delivered to each of the Parties. 
 11.12. Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws (without regard to the
conflicts of law provisions) of the State of New York. 
 11.13. Dispute Resolution. IPS and WU agree to utilize the
following procedures to resolve any disputes between them that arise under this Agreement (other than those governed by Section 10.2(d)): 
 (a) Level One. If IPS identifies an issue, or issues, that requires resolution, it will give the Account Manager written notice thereof; and if WU identifies an issue, or issues, that require resolution, it
will give IPS written notice thereof. The Account Manager and an IPS designee will then negotiate in good faith on a regular basis to resolve the issue(s) as expeditiously as feasible. If they are unable to resolve the issue(s) within ten
(10) Business Days of such notice, either may state in writing to the other that they will not be able to resolve the remaining issue(s) through continued negotiation. Promptly thereafter, they will refer the issue(s) to the IPS executive with
management responsibility for the WU relationship and the executive of WU with management responsibility for the IPS relationship (collectively, the “Senior Executives”) and will each provide to the Senior Executives a written
statement describing in detail their respective positions related to the issue(s) (the “Issue Statements”). 
 (b) Level
Two. Promptly after receiving the Issue Statements, the Senior Executives will negotiate in good faith on a regular basis to resolve the issue(s) as expeditiously as feasible. If the Senior Executives are unable to resolve the issue(s) within
ten (10) Business Days of receipt of such Issue Statements, either Senior Executive may state in writing to the other that they will not be able to resolve the remaining issue(s) through continued negotiation. Promptly thereafter, each Senior
Executive will refer the issue(s) to a senior level executive from a separate business unit, division, subsidiary or Affiliate of their respective Party (the “Distant Executive”) and each Party’s respective management team will
prepare any revisions to their respective Issue Statements. The Issue Statements, as revised, will be submitted to the Distant Executives. 
 (c) Level Three. Promptly after receiving the Issue Statements, the Distant Executives will negotiate in good faith on a regular basis to resolve the issue(s) as expeditiously 
  

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 as feasible. Thereafter, the Distant Executives will submit a joint written recommendation for any issue(s) the Distant
Executives agreed upon and separate written recommendations for any issue(s) the Distant Executives disagreed upon or which remain unresolved. IPS and WU agree to be bound by such joint written recommendation. In the event, the Distant Executives
are unable to resolve the dispute, then, at the request of either Party, the dispute shall be settled by binding arbitration by a single arbitrator. Such arbitration shall occur in Denver, Colorado, and shall be administered by the American
Arbitration Association under its Commercial Arbitration Rules. Judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. 
 (d) Continuity of WU Services. WU acknowledges that the timely and complete performance of its obligations pursuant to this Agreement is critical to the business and operations of IPS. Accordingly, in the event
of a dispute between IPS and WU, WU shall continue to so perform its obligations under this Agreement in good faith during the resolution of such dispute unless and until this Agreement is terminated in accordance with the provisions hereof.

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed the day and year first above written. 
  

			
	INTEGRATED PAYMENT SYSTEMS INC.
		
	By:	 	 /s/ Rodney J. Esch

	Name:	 	Rodney J. Esch
	Title:	 	President
	
	WESTERN UNION FINANCIAL SERVICES, INC.
		
	By:	 	 /s/ Royal Cole

	Name:	 	Royal Cole
	Title:	 	Executive Vice President - Payment Services

  

 28 

 [Schedules Intentionally Omitted] 
  

 29Revolving Credit Agreement

 Exhibit 10.6 
  

 EXECUTION COPY 
 $1,500,000,000 
 CREDIT AGREEMENT 
 among 
 THE WESTERN UNION COMPANY, 
 as the Company, 
 THE BANKS, ISSUING LENDERS AND SWING LINE BANK PARTIES HERETO,

 WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 as Syndication Agent 
 and 
 BARCLAYS BANK PLC 
 JPMORGAN CHASE BANK, N.A. 
 MORGAN STANLEY BANK 
 and 
 WACHOVIA BANK, NATIONAL ASSOCIATION, 
 as Documentation Agents 
 and 
 CITIBANK, N.A., 
 as Administrative Agent 
 Dated as of
September 27, 2006 
 CITIGROUP GLOBAL MARKETS INC. 
 and 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 as Joint Lead Arrangers and Joint Book Runners 
  

 TABLE OF CONTENTS 
  

					
	 SECTION 1 DEFINITIONS
	  	1
	 1.1
	  	Defined Terms	  	1
	 1.2
	  	Other Definitional Provisions	  	18
	 1.3
	  	Accounting Terms	  	18
	 1.4
	  	Exchange Rates; Currency Equivalents	  	18
	 1.5
	  	Computation of Dollar Amounts	  	19
	SECTION 2 AMOUNT AND TERMS OF COMMITMENTS	  	19
	 2.1
	  	Commitments	  	19
	 2.2
	  	Revolving Credit Notes	  	19
	 2.3
	  	Procedure for Borrowing	  	20
	 2.4
	  	Fees	  	21
	 2.5
	  	Termination or Reduction of Commitments	  	22
	 2.6
	  	Prepayments	  	22
	 2.7
	  	Conversion and Continuation Options	  	22
	 2.8
	  	Minimum Amounts of Tranches	  	23
	 2.9
	  	Interest Rates and Payment Dates	  	24
	 2.10
	  	Computation of Interest and Fees	  	24
	 2.11
	  	Inability to Determine Interest Rate	  	24
	 2.12
	  	Pro Rata Treatment and Payments	  	25
	 2.13
	  	Illegality	  	28
	 2.14
	  	Requirements of Law	  	28
	 2.15
	  	Taxes	  	30
	 2.16
	  	Indemnity	  	31
	 2.17
	  	Action of Affected Banks	  	31
	 2.18
	  	Bid Loans	  	32
	 2.19
	  	Swing Line Commitments	  	35
	 2.20
	  	Increase of Commitments	  	38
	 2.21
	  	Payment in Full at Maturity	  	38
	 2.22
	  	Letter of Credit Subfacility	  	38
	 2.23
	  	Indemnification; Nature of Issuing Lender’s Duties	  	42
	 2.24
	  	Defaulting Banks	  	44
	SECTION 3 REPRESENTATIONS AND WARRANTIES	  	45
	 3.1
	  	Financial Condition	  	45
	 3.2
	  	No Change	  	46
	 3.3
	  	Corporate Existence; Compliance with Law	  	46
	 3.4
	  	Corporate Power; Authorization; Enforceable Obligations	  	46
	 3.5
	  	No Legal Bar	  	46
	 3.6
	  	No Material Litigation	  	47
	 3.7
	  	No Default	  	47
	 3.8
	  	Taxes	  	47
	 3.9
	  	Federal Regulations	  	47
	 3.10
	  	ERISA	  	47
	 3.11
	  	Investment Company Act	  	48
	 3.12
	  	Purpose of Loans	  	48

  

 i 

					
	 3.13
	  	Disclosure	  	48
	 3.14
	  	Ranking	  	48
	 3.15
	  	Compliance with OFAC, FCPA	  	48
	 3.16
	  	Closing Date Representations and Warranties	  	48
	SECTION 4 CONDITIONS PRECEDENT	  	49
	 4.1
	  	Conditions to Effectiveness	  	49
	 4.2
	  	Conditions to Each Loan	  	50
	SECTION 5 AFFIRMATIVE COVENANTS	  	51
	 5.1
	  	Financial Statements	  	51
	 5.2
	  	Certificates; Other Information	  	52
	 5.3
	  	Conduct of Business and Maintenance of Existence	  	52
	 5.4
	  	Inspection of Property; Books, Records and Discussions	  	52
	 5.5
	  	Notices	  	53
	 5.6
	  	Covenant to Deliver Guaranty	  	53
	SECTION 6 NEGATIVE COVENANTS	  	54
	 6.1
	  	Limitation on Significant Subsidiary Indebtedness	  	54
	 6.2
	  	Limitation on Liens	  	55
	 6.3
	  	Limitation on Sales and Leasebacks	  	57
	 6.4
	  	Limitations on Fundamental Changes	  	57
	 6.5
	  	Limitations on Restrictions on Dividends	  	57
	 6.6
	  	Financial Covenant	  	57
	SECTION 7 EVENTS OF DEFAULT	  	58
	SECTION 8 THE ADMINISTRATIVE AGENT	  	60
	 8.1
	  	Appointment	  	60
	 8.2
	  	Delegation of Duties	  	61
	 8.3
	  	Exculpatory Provisions	  	61
	 8.4
	  	Reliance by Administrative Agent	  	61
	 8.5
	  	Notice of Default	  	62
	 8.6
	  	Non-Reliance on Administrative Agent and Other Banks	  	62
	 8.7
	  	Indemnification	  	63
	 8.8
	  	Administrative Agent in Its Individual Capacity	  	63
	 8.9
	  	Successor Administrative Agent	  	63
	 8.10
	  	Syndication Agent, etc.	  	64
	SECTION 9 MISCELLANEOUS	  	64
	 9.1
	  	Amendments and Waivers	  	64
	 9.2
	  	Notices	  	65
	 9.3
	  	No Waiver; Cumulative Remedies	  	67
	 9.4
	  	Survival of Representations and Warranties	  	67
	 9.5
	  	Payment of Expenses and Taxes	  	67
	 9.6
	  	Successors and Assigns; Participations; Purchasing Banks	  	68
	 9.7
	  	Adjustments; Set-off	  	71
	 9.8
	  	Table of Contents and Section Headings	  	72
	 9.9
	  	Confidentiality	  	72
	 9.10
	  	Patriot Act Notice	  	73
	 9.11
	  	Counterparts	  	73
	 9.12
	  	Severability	  	73

  

 ii 

					
	 9.13
	  	Integration	  	73
	 9.14
	  	GOVERNING LAW	  	73
	 9.15
	  	Submission To Jurisdiction; Waivers	  	73
	 9.16
	  	Acknowledgements	  	74
	 9.17
	  	WAIVERS OF JURY TRIAL	  	74
	 9.18
	  	Effectiveness	  	74
	 9.19
	  	Judgment Currency	  	75

  

 iii 

			
	Schedules	  	
	Schedule 1.1	  	Banks and Commitments
	Schedule 3.6	  	Material Litigation
		
	Exhibits	  	
	Exhibit A	  	Revolving Credit Note
	Exhibit B	  	Borrowing Certificate
	Exhibit C	  	Opinion of Counsel
	Exhibit D	  	Commitment Transfer Supplement
	Exhibit E	  	Bid Note
	Exhibit F	  	Bid Quote
	Exhibit G	  	Bid Loan Confirmation
	Exhibit H	  	Bid Loan Request
	Exhibit I	  	Form of Swing Line Note
	Exhibit J	  	Form of Commitment Increase Supplement

 CREDIT AGREEMENT, dated as of September 27, 2006, among THE WESTERN UNION COMPANY, a
Delaware corporation (the “Company”), the several banks and other financial institutions from time to time parties to this Agreement (the “Banks”), CITIBANK, N.A., in its capacity as the Swing Line Bank (in
such capacity, together with its successors in such capacity, the “Swing Line Bank”), CITIBANK, N.A. AND WELLS FARGO BANK, NATIONAL ASSOCIATION, in their capacity as Issuing Lenders (in such capacity, together with their
successors in such capacity, the “Issuing Lenders”), WELLS FARGO BANK, NATIONAL ASSOCIATION, as syndication agent (in such capacity, the “Syndication Agent”), BARCLAYS BANK PLC, JPMORGAN CHASE BANK,
N.A., MORGAN STANLEY BANK and WACHOVIA BANK, NATIONAL ASSOCIATION, as Documentation Agents, and CITIBANK, N.A., as administrative agent for the Banks hereunder (in such capacity, the “Administrative Agent”).

 WITNESSETH: 
 WHEREAS, the Company has requested the Banks to make Loans and issue Letters of Credit to the Company, and the Banks are willing to make Loans and issue Letters of Credit to the Company, subject to the terms and conditions hereof;

 NOW, THEREFORE, in consideration of the premises, and of the mutual covenants and agreements herein contained and other good and
valuable consideration, receipt of which is hereby acknowledged, the parties hereto hereby agree as follows: 
 SECTION 1 

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

 
exist. Any change in the ABR due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective on the opening of business on the date
of such change. 
 “ABR Loans”: Loans the rate of interest applicable to which is based upon the ABR. 
 “Affiliate”: as to any Person, any other Person (other than a Subsidiary) which, directly or indirectly, is in control of, is controlled
by, or is under common control with, such Person. For purposes of this definition, “control” of a Person means the power, directly or indirectly, either to (a) vote 10% or more of the securities having ordinary voting power for the
election of directors (or persons per forming similar functions) of such Person or (b) direct or cause the direction of the management and policies of such Person, whether by contract or otherwise. 
 “Agreement”: this Credit Agreement, as amended, supplemented or otherwise modified from time to time. 
 “Applicable Margin”: with respect to each day for each Type of Loan and for the Letter of Credit Fee, the rate per annum based on the
Ratings in effect on such day, as set forth under the relevant column heading below: 
  

				
	 Rating
	  	Eurodollar
Loans and
Letter of
Credit Fee	 
	 Rating I
	  	0.150	%
	 Rating II
	  	0.190	%
	 Rating III
	  	0.270	%
	 Rating IV
	  	0.350	%
	 Rating V
	  	0.525	%

 “Applicable Time”: with respect to any borrowings and payments in Foreign
Currencies, the local times in the place of settlement for such Foreign Currencies as may be determined by the Administrative Agent to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place
of payment. 
 “Available Commitment”: as to any Bank at any time, an amount equal to the excess, if any, of (a) the
amount of such Bank’s Commitment over (b) the aggregate principal Dollar Amount (determined as of the most recent Revaluation Date) of all Loans made by such Bank then outstanding plus the Bank’s Commitment Percentage of outstanding
Swing Line Loans and LOC Obligations at such time. 
 “Bankruptcy Code”: the Bankruptcy Code in Title 11 of the
United States Code, as amended, modified, succeeded or replaced from time to time. 
 “Bid Loan”: each advance made to
the Company pursuant to subsection 2.18. 
  

 2 

 “Bid Loan Confirmation”: a bid loan confirmation, substantially in the form of
Exhibit G, to be delivered by the Company to the Administrative Agent in accordance with subsection 2.18(b)(iv). 
 “Bid
Loan Request”: a bid loan request, substantially in the form of Exhibit H, to be delivered by the Company to the Administrative Agent in accordance with subsection 2.18(b)(i) in writing, by facsimile transmission, or by telephone
immediately confirmed by facsimile transmission. 
 “Bid Note”: as defined in subsection 2.18. 
 “Bid Quote”: a bid quote substantially in the form of Exhibit F, to be delivered by a Bank to the Administrative Agent in
accordance with subsection 2.18(b) in writing, by facsimile transmission, or by telephone immediately confirmed by facsimile transmission. 
 “Borrowing Certificate”: a notice of borrowing and certificate of the Company substantially in the form of Exhibit B. 
 “Borrowing Date”: any Business Day specified in a notice furnished pursuant to subsection 2.3, 2.18 or 2.19 as a date on which the Company requests the Banks or the Swing Line Bank, as the case
may be, to make Loans hereunder. 
 “Business Day”: a day other than a Saturday, Sunday or other day on which commercial
banks in New York City are authorized or required by law to close; provided, however, that (a) when used to describe the date of any borrowing of, or any payment or interest rate determination in respect of, a Eurodollar Loan, the term
“Business Day” shall also exclude any day on which commercial banks are not open for dealings in Dollar deposits in the London interbank market and (b) when used in connection with a Foreign Currency Loan, the term “Business
Day” shall also exclude any day on which banks are not open for foreign exchange dealings between banks in the exchange of the home country of such Foreign Currency (or, in the case of a Foreign Currency Loan denominated in Euro, on which the
Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System is open). 
 “Capital Stock”: any and
all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation) and any and all warrants or options to purchase any
of the foregoing. 
 “Change of Control”: any acquisition by any Person or Group of Persons, either directly or indirectly,
of (a) the power to elect, appoint or cause the election or appointment of at least a majority of the members of the Board of Directors of the Company (or any other Person to which all or substantially all of the properties and assets of the
Company have been transferred), through beneficial ownership of the Capital Stock of the Company (or such other Person) or through contract, agreement, arrangement or proxy, or (b) all or substantially all of the properties and assets of the
Company. 
 “Citibank”: Citibank, N.A., together with its successors and/or assigns. 
  

 3 

 “Closing Date”: the date on which this Agreement becomes effective in accordance with
subsection 4.1. 
 “Code”: the Internal Revenue Code of 1986, as amended from time to time. 
 “Commitment”: as to any Bank, the obligation of such Bank (a) to make Revolving Credit Loans to the Company hereunder, (b) to
participate in Swing Line Loans made to the Company hereunder and (c) to purchase participation interests in the Letters of Credit, in an aggregate principal Dollar Amount (determined as of the most recent Revaluation Date) at any one time
outstanding not to exceed the amount set forth opposite such Bank’s name on Schedule 1.1 or in the Commitment Transfer Supplement pursuant to which it became a Bank, as such amount may be reduced pursuant to subsection 2.5 or subsection 9.6 or
increased pursuant to subsection 2.20 or subsection 9.6. 
 “Commitment Percentage”: as to any Bank at any time,
the percentage of the aggregate Commitments then constituted by such Bank’s Commitment. 
 “Commitment Period”: the
period from and including the Closing Date to but not including the Termination Date or such earlier date on which the Commitments shall terminate as provided herein. 
 “Committed Swing Line Loan”: as defined in subsection 2.19(a). 
 “Commonly
Controlled Entity”: an entity, whether or not incorporated, which is under common control with the Company within the meaning of Section 4001 of ERISA or is part of a group which includes the Company and which is treated as a single
employer under Section 414 of the Code. 
 “Competitor”: any Person significantly and directly engaged in the business
of payment instruments or consumer funds transfers. 
 “Consolidated Net Assets”: the gross book value of the assets of the
Company and its Subsidiaries (which under GAAP would appear on the consolidated balance sheet of the Company and its Subsidiaries) less all reserves (including, without limitation, depreciation, depletion and amortization) applicable thereto and
less (i) minority interests and (ii) liabilities (determined in accordance with GAAP) which, in accordance with their terms, will be settled within one year after the date of determination. 
 “Consolidated Net Income”: the net income of the Company and its Subsidiaries (which under GAAP would appear on the consolidated income
statement of the Company and its Subsidiaries), excluding, however, (i) any equity of the Company or a Subsidiary in the unremitted earnings of any corporation which is not a Subsidiary, (ii) gains from the write-up in the book value of
any asset and (iii) in the case of an acquisition of any Person which is accounted for on a purchase basis, earnings of such Person prior to its becoming a Subsidiary. 
 “Consolidated Net Worth”: the sum of (i) the par value (or value stated on the books of such corporation) of the capital stock of
all classes of the Company and its Subsidiaries, plus (or minus in the case of a deficit) (ii) the amount of the consolidated surplus, whether capital or 

  

 4 

 
earned, of the Company and its Subsidiaries, and plus (or minus in the case of a deficit) (iii) retained earnings of the Company and its Subsidiaries,
all as determined in accordance with GAAP; provided, however, that Consolidated Net Worth shall exclude the effects of currency translation adjustments and the application of FAS 115. 
 “Contractual Obligation”: as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other
undertaking to which such Person is a party or by which it or any of its property is bound. 
 “Default”: any of the events
specified in Section 7, whether or not any requirement for the giving of notice, the lapse of time, or both, or any other condition, has been satisfied. 
 “Defaulted Amount”: with respect to any Bank at any time, any amount required to be paid by such Bank to the Administrative Agent or any other Bank hereunder at or prior to such time that has not been
so paid as of such time. In the event that a portion of a Defaulted Amount shall be deemed paid pursuant to Section 2.24(b), the remaining portion of such Defaulted Amount shall be considered a Defaulted Amount originally required to be paid
hereunder on the same date as the Defaulted Amount so deemed paid in part. 
 “Defaulting Bank”: at any time, a Bank that,
at such time, owes a Defaulted Loan or a Defaulted Amount. 
 “Defaulted Loan”: with respect to any Bank at any time, the
portion of any Loan required to be made by such Bank to the Company pursuant to Section 2.1, 2.18, 2.19 or 2.22(e) at or prior to such time that has not been made by such Bank. In the event that a portion of a Defaulted Loan shall be deemed
paid pursuant to Section 2.12(c), the remaining portion of such Defaulted Loan shall be considered a Defaulted Loan originally required to be paid hereunder on the same date as the Defaulted Loan so deemed paid in part. 
 “Dollar Amount”: at any time, (a) with respect to Dollars or an amount denominated in Dollars, such amount and (b) with
respect to an amount of any Foreign Currency or an amount denominated in such Foreign Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent at such time on the basis of the Spot Rate (determined in respect of
the most recent Revaluation Date) applicable to such Foreign Currency. 
 “Dollars” and “$”: dollars in
lawful currency of the United States of America. 
 “Domestic Dollar Loans”: the collective reference to Fixed Rate Bid
Loans and ABR Loans. 
 “EBITDA”: for any period, net income (or net loss) plus the sum of (a) interest expense,
(b) income tax expense, (c) depreciation expense, (d) amortization expense, (e) any other non-cash deductions, losses or charges made in determining net income for such period (f) extraordinary losses or charges and
(g) one-time transaction fees and expenses incurred in connection with the spin-off of the Company from First Data Corporation, or the issuance of (or refinancing of) Indebtedness incurred in connection with such spin-off, and minus
extraordinary gains, in each case determined in accordance with GAAP for such period. 
  

 5 

 “EMU”: Economic and Monetary Union as contemplated in the Treaty on European Union.

 “EMU Legislation”: legislative measures of the European Council (including without limitation European Council
regulations) for the introduction of, changeover to or operation of a single or unified European currency (whether known as the Euro or otherwise), being in part the implementation of the third stage of EMU. 
 “Environmental Laws”: any and all Federal, state, local or municipal laws, rules, orders, regulations, statutes, ordinances, codes,
decrees or requirements of any Governmental Authority regulating, relating to or imposing liability or standards of conduct concerning environmental protection matters. 
 “ERISA”: the Employee Retirement Income Security Act of 1974, as amended from time to time. 
 “Euro” shall mean the single currency of Participating Member States of the European Union. 
 “Eurodollar
Loans”: Loans the rate of interest applicable to which is based on the Eurodollar Rate. 
 “Eurodollar Rate”: a
rate per annum determined by the Administrative Agent pursuant to the following formula: 
  

							
		 	Eurodollar Rate =	  	LIBOR	  	
	 		  	1.00 - Eurodollar Reserve Percentage	  	

 “Eurodollar Reserve Percentage”: for any day, (A) for any Eurodollar Loan
with respect to which the Mandatory Cost Rate does not apply, the maximum rate (expressed as a decimal and rounded upwards, if necessary, to the next higher 1/100th of 1%) at which any bank subject thereto would be required to maintain reserves
under Regulation D of the Board of Governors of the Federal Reserve System (or any successor or similar regulations relating to such reserve requirements) against Eurocurrency Liabilities (as that term is used in Regulation D), if such liabilities
were outstanding and (B) for any Eurodollar Loan with respect to which the Mandatory Cost Rate does apply, zero (0). The Eurodollar Reserve Percentage shall be adjusted automatically on and as of the effective date of any change in the
Eurodollar Reserve Percentage. 
 “Event of Default”: any of the events specified in Section 7, provided that any
requirement for the giving of notice, the lapse of time, or both, or any other condition, has been satisfied. 
 “Excluded
Individuals”: with respect to any Person, the officers, directors, employees, agents and representatives of such Person involved, directly or indirectly, in the payment instruments and consumer funds transfer business of such Person.

 “Extension of Credit”: as to any Bank, the making of a Loan or a Swing Line Loan by such Bank or the issuance of, or
participation in, a Letter of Credit by such Bank. 
  

 6 

 “Facility Fee Rate”: for each day during each calculation period, a rate per annum based
on the Ratings in effect on such day, as set forth below: 
  

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

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

 “Federal Reserve Board”: the Board of Governors of the Federal Reserve System, and any Governmental Authority succeeding
to any of its principal functions. 
 “Fee Letters”: collectively, (a) the letter agreement dated September 7,
2006 addressed to the Company from the Administrative Agent and the Lead Arranger, as amended, modified or otherwise supplemented and (b) the letter agreement dated September __, 2006 addressed to the Company from the Syndication Agent, as
amended, modified or otherwise supplemented. 
 “Financing Lease”: any lease of property, real or personal, the obligations
of the lessee in respect of which are required in accordance with GAAP to be capitalized on a balance sheet of the lessee. 
 “Fixed
Rate Bid Loan”: any Bid Loan made at a fixed rate (as opposed to a rate based upon the Eurodollar Rate). 
 “Fixed Rate Bid
Loan Request”: any Bid Loan Request requesting the Banks to offer to make Fixed Rate Bid Loans. 
 “Foreign
Currency”: (a) Euros and (b) British Pound Sterling. 
 “Foreign Currency Equivalent”: with respect to
any amount denominated in Dollars, the equivalent amount thereof in the applicable Foreign Currency as determined by the Administrative Agent at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date)
applicable to such Foreign Currency. 
 “Foreign Currency Loan”: any Loan denominated in a Foreign Currency. 
 “Funded Indebtedness”: any indebtedness for money borrowed, created, issued, incurred, assumed or guaranteed which would, in accordance
with GAAP, be classified as long-term debt, but in any event including all indebtedness for money borrowed, whether secured or unsecured, maturing more than one year, or extendible at the option of the obligor to a date more than one year, after the
date of determination thereof (excluding any amount thereof included in current liabilities). 
  

 7 

 “GAAP”: as to a particular Person, such accounting principles as, in the opinion of the
independent public accountants regularly retained by such Person, conform at the time to United States generally accepted accounting principles. 
 “Governmental Authority”: any nation or government, any state or other political subdivision thereof and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to
government. 
 “Group of Persons” means any related Persons that would constitute a “group” for purposes of
Section 13(d) and Rule 13d-5 under the Securities Exchange Act of 1934, as amended (as such Section and Rule are in effect as of the date of this Agreement). 
 “Guarantee Obligation”: as to any Person (the “guaranteeing person”), and without duplication, any obligation of (a) the guaranteeing person or (b) another Person (including,
without limitation, any bank under any letter of credit) to induce the creation of which the guaranteeing person has issued a reimbursement, counterindemnity or similar obligation, in either case guaranteeing the payment or in effect guaranteeing
the payment of any Indebtedness (the “primary obligations”) of any other third Person (the “primary obligor”) in any manner, whether directly or indirectly, including, without limitation, any obligation of the guaranteeing
person, whether or not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (ii) to advance or supply funds (1) for the purchase or payment of any such primary
obligation or (2) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor or (iii) to purchase property, securities or services primarily for the
purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation; provided, however, that the term Guarantee Obligation shall not include (x) endorsements of
instruments for deposit or collection in the ordinary course of business or (y) any bond or guarantee given by the Company or any Subsidiary on behalf of any Subsidiary solely for the performance of contractual obligations with customers or on
behalf of customers in the ordinary course of business. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of (a) an amount equal to the stated or determinable amount of the primary payment
obligation in respect of which such Guarantee Obligation is made and (b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee Obligation, unless such primary
obligation and the maximum amount for which such guaranteeing person may be liable are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing person’s maximum reasonably anticipated
liability in respect thereof as determined by the Company in good faith. 
 “Indebtedness”: of any Person at any date and
without duplication, (a) all indebtedness of such Person for borrowed money or for the deferred purchase price of property or services (other than trade liabilities not more than 60 days past due incurred in the ordinary course of business and
payable in accordance with customary practices or endorsements for the purpose of collection in the ordinary course of business and excluding the deferred purchase price of property or services to be repaid through earnings of the purchaser to the
extent such amount is not characterized as indebtedness in accordance with GAAP), (b) any other indebtedness of such Person which is evidenced by a note, bond, debenture or similar instrument, (c) all obligations of 

  

 8 

 
such Person under Financing Leases, (d) all payment obligations of such Person in respect of acceptances issued or created for the account of such
Person and (e) all liabilities secured by any Lien on any property owned by such Person even though such Person has not assumed or otherwise become liable for the payment thereof; provided that, if such Person has not assumed or otherwise
become liable in respect of such indebtedness, such obligations shall be deemed to be in an amount equal to the lesser of (i) the amount of such indebtedness and (ii) the book value of the property subject to such Lien at the time of
determination. For the purposes of this definition, the following shall not constitute Indebtedness: the issuance of payment instruments, consumer funds transfers, or other amounts paid to or received by the Company, any of its Subsidiaries or any
agent thereof in the ordinary course of business in order for the Company or such Subsidiary to make further distribution to a third party, to the extent payment in respect thereof has been received by the Company, such Subsidiary or any agent
thereof. 
 “Information Materials”: the Confidential Information Memorandum dated September 2006 in respect of the
transactions contemplated hereby sent by Citibank to each of the Banks, including all supplements and amendments thereto. 
 “Insolvency”: with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA. 
 “Insolvent”: pertaining to a condition of Insolvency. 
 “Interest Payment Date”: (a) as to any ABR Loan other than a Swing Line Loan, the last day of each March, June, September and December and the Termination Date, (b) as to any Eurodollar Loan
having an Interest Period of three months or less or any Fixed Rate Bid Loan having an Interest Period of 90 days or less, the last day of such Interest Period, (c) as to any Eurodollar Loan or Fixed Rate Bid Loan having an Interest Period
longer than three months or 90 days, respectively, each day which is three months or 90 days, respectively, or a whole multiple thereof, after the first day of such Interest Period and the last day of such Interest Period and (d) as
to any Swing Line Loan, each of the dates occurring at thirty day intervals after the Borrowing Date of such Swing Line Loan and the date of payment of principal thereof. 
 “Interest Period”: 
 (a) with respect to any Eurodollar Loan:

 (i) initially, the period commencing on the borrowing or conversion date, as the case may be, with respect to such
Eurodollar Loan and ending one, two, three, six, or, subject to clause (G) of this definition, two weeks or nine or twelve months thereafter, as selected by the Company in its notice of borrowing or notice of conversion, as the case may be,
given with respect thereto; and 
 (ii) thereafter, each period commencing on the last day of the next preceding Interest
Period applicable to such Eurodollar Loan and ending one, two, three, six, or, subject to clause (G) of this definition, two weeks or nine or twelve months, thereafter, as selected by the Company by irrevocable notice to the Administrative
Agent not less than (x) with respect to Eurodollar Loans denominated in Dollars, three Business Days prior to the last day of the then 

  

 9 

 
current Interest Period with respect thereto and (y) with respect to Eurodollar Loans denominated in Foreign Currency, four Business Days prior to the
last day of the then current Interest Period with respect thereto; and 
 (b) with respect to any Bid Loan, the period
specified in the Bid Loan Confirmation with respect to such Bid Loan; 
 provided that, all of the foregoing provisions relating to Interest Periods are
subject to the following: 
 (A) if any Interest Period pertaining to a Eurodollar Loan would otherwise end on a day that is
not a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless the result of such extension would be to carry such Interest Period into another calendar month in which event such Interest Period shall end on
the immediately preceding Business Day; 
 (B) if any Interest Period pertaining to a Fixed Rate Bid Loan would otherwise end
on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day; 
 (C) any
Interest Period that would otherwise extend beyond the Termination Date shall end on the Termination Date; 
 (D) if the
Company shall fail to give notice as provided in clause (a)(ii) above, the Company shall be deemed to have selected (A) in the case of Loans denominated in Dollars, an ABR Loan to replace the affected Eurodollar Loan and (B) in the case of
Loans denominated in Foreign Currencies, an Interest Period of one month; 
 (E) any Interest Period pertaining to a
Eurodollar Loan that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar
month; 
 (F) no more than eight (8) Eurodollar Loans may be in effect at any time. For purposes hereof, Eurodollar Loans
with different Interest Periods shall be considered as separate Eurodollar Loans, even if they shall begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of
existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period; and 
 (G) in the case of any
such Eurodollar Loans, the Company and shall not be entitled to select an Interest Period having a duration of two weeks, nine or twelve months unless, by 2:00 P.M. (New York City time) on the third Business Day prior to the first day of such
Interest Period, each Bank notifies the Administrative Agent that such Bank will be providing funding for such Eurodollar Loans with such Interest Period (the failure of any Bank to so respond by such time being deemed for all purposes of this
Agreement as an objection by such Bank to the requested duration of such Interest Period); provided that, if any or all of the Banks object to the requested duration of such 

  

 10 

 
Interest Period, the duration of the Interest Period for such Eurodollar Loans shall be one, two, three or six months, as specified by the Company in the
applicable Borrowing Certificate as the desired alternative to an Interest Period of two weeks or nine or twelve months, provided, that the Company shall not be entitled to select an Interest Period having duration of two weeks for any Interest
Period commencing later than December 29, 2006. 
 “Issuing Lender”: with respect to any Letter of Credit, Citibank,
N.A., Wells Fargo Bank, National Association or any other Lender that has a LOC Commitment, as chosen by the Company. 
 “Issuing
Lender Fees”: as defined in subsection 2.4. 
 “Lead Arrangers”: Citigroup Global Markets Inc. and Wells Fargo
Bank, National Association. 
 “Letter of Credit” any letter of credit issued by an Issuing Lender pursuant to the terms
hereof, as such Letter of Credit may be amended, modified, extended, renewed or replaced from time to time. 
 “Letter of Credit
Facing Fee”: as defined in subsection 2.4. 
 “Letter of Credit Fee”: as defined in subsection 2.4.

 “LIBOR”: for any Eurodollar Loan for any Interest Period therefor, either (a) the rate of interest per annum
determined by the Administrative Agent appearing on (x) in the case of Dollars, the Telerate Page 3750 (or any successor page), (y) in the case of a Foreign Currency other than Euros, the appropriate page of the Telerate screen which
displays British Bankers Association Interest Settlement Rates for deposits in such Foreign Currency and (z) in the case of Euros, Page 248 of the Moneyline Telerate Service (or on any successor or substitute page of such Service, or any
successor to or substitute for such Service, providing rate quotations comparable to those currently provided on such page of such Service, as determined by the Administrative Agent from time to time for purposes of providing quotations of interest
rates applicable to deposits in Euro by reference to the Banking Federation of the European Union Settlement Rates for deposits in Euro) (or, in each case, (i) such other page or service as may replace such page on such system or service for
the purpose of displaying such rates and (ii) if more than one rate appears on such screen, the arithmetic mean for all such rates) as the London interbank offered rate for deposits in the applicable currency at approximately 11:00 A.M. (London
time), on the second full Business Day preceding the first day of such Interest Period, and in an amount approximately equal to the amount of the Eurodollar Loan and for a period approximately equal to such Interest Period or (b) if such rate
is for any reason not available, the rate per annum equal to the rate at which the Administrative Agent or its designee is offered deposits in such currency at or about 11:00 A.M. (London time), two Business Days prior to the beginning of such
Interest Period in the interbank eurodollar market where the eurodollar and foreign currency and exchange operations in respect of its Eurodollar Loans are then being conducted for settlement in immediately available funds, for delivery on the first
day of such Interest Period for the number of days comprised therein, and in an amount comparable to the 

  

 11 

 
amount of the Eurodollar Loan to be outstanding during such Interest Period. With respect to any Eurodollar Loan denominated in British Pounds Sterling, for
any Interest Period, “LIBOR” shall mean the rate equal to the sum of (A) the rate determined in accordance with the foregoing terms of this definition plus (B) the Mandatory Cost Rate for such Interest Period. 

“LIBOR Bid Loan”: any Bid Loan made and/or being maintained at a rate of interest based upon the Eurodollar Rate. 
 “LIBOR Bid Loan Request”: any Bid Loan Request requesting the Banks to offer to make LIBOR Bid Loans. 
 “Lien”: any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge or other
security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including, without limitation, any conditional sale or other title retention agreement and any Financing Lease
having substantially the same economic effect as any of the foregoing), it being understood that the holding of money or investments for the purpose of honoring payment instruments or consumer funds transfers, or other amounts paid to or received by
the Company, any of its Subsidiaries or any agent thereof in the ordinary course of business in order for the Company or such Subsidiary to make further distribution to a third party, shall not be considered a “Lien” for the purposes of
this definition. 
 “Loan Documents”: this Agreement, the LOC Documents and the Notes. 
 “Loans”: Revolving Credit Loans, Swing Line Loans and Bid Loans. 
 “LOC Commitment”: (a) the commitment of each Issuing Lender to issue Letters of Credit in an aggregate available Dollar Amount
(determined as of the most recent Revaluation Date) of Letters of Credit issued by such Issuing Lender at any one time outstanding not to exceed the amount set forth opposite such Issuing Lender’s name on Schedule 1.1 as such amount may be
reduced pursuant to subsection 2.5 or subsection 9.6 or increased pursuant to subsection 2.20 or subsection 9.6 and (b) with respect to each Bank, the commitment of such Bank to purchase participation interests in the Letters of
Credit up to such Bank’s Commitment Percentage of all LOC Obligations. 
 “LOC Committed Amount”: collectively, the
aggregate amount of all of the LOC Commitments of the Banks to issue and participate in Letters of Credit as referenced in subsection 2.22 and, individually, the amount of each Bank’s LOC Commitment. 
 “LOC Documents”: with respect to any Letter of Credit, such Letter of Credit, any amendments thereto, any documents delivered in
connection therewith, any application therefor, and any agreements, instruments, guarantees or other documents (whether general in application or applicable only to such Letter of Credit) governing or providing for (a) the rights and
obligations of the parties concerned or (b) any collateral security for such obligations. 
 “LOC Mandatory Borrowing”:
as defined in subsection 2.22(f). 
  

 12 

 “LOC Obligations”: at any time, the sum of (a) the maximum amount which is, or at
any time thereafter may become, available to be drawn under Letters of Credit then outstanding, assuming compliance with all requirements for drawings referred to in such Letters of Credit plus (b) the aggregate amount of all drawings
under Letters of Credit honored by the Issuing Lenders but not theretofore reimbursed. 
 “Majority Banks”: at any time, the
Banks holding (or under subsection 2.19(e) participating in) more than 50% of the aggregate unpaid principal amount of the Revolving Credit Loans and Participation Interests or, if no Loans and Participation Interests are then outstanding, the
Banks holding more than 50% of the aggregate amount of the Commitments. 
 “Mandatory Cost Rate”: with respect to any Loan
or other Obligation booked outside the United States for any Interest Period, a rate per annum reflecting the cost to the Banks of complying with all reserve, special deposit, capital adequacy, solvency, liquidity ratios, fees or other requirements
of or imposed by the Bank of England, the Financial Services Authority, the European Central Bank or any other governmental or regulatory authority for such Interest Period attributable to such Loan or Obligation (rounded up if necessary to 4
decimal places) as conclusively determined by the Administrative Agent. 
 “Material Adverse Effect”: a material adverse
effect on the ability of the Company to perform its obligations under this Agreement or the Notes. 
 “Moody’s”:
Moody’s Investors Service, Inc. 
 “Multiemployer Plan”: a Plan which is a multiemployer plan as defined in
Section 4001(a)(3) of ERISA. 
 “Notes”: the collective reference to the Revolving Credit Notes, the Swing Line Notes
and Bid Notes. 
 “Obligations”: all of the obligations, indebtedness and liabilities of the Company to the Banks (including
the Issuing Lenders and the Swing Line Bank) and the Administrative Agent, whenever arising, under this Agreement, the Notes or any of the other Loan Documents including principal, interest, fees, reimbursements and indemnification obligations and
other amounts (including, but not limited to, any interest accruing after the occurrence of a filing of a petition of bankruptcy under the Bankruptcy Code with respect to the Company, regardless of whether such interest is an allowed claim under the
Bankruptcy Code). 
 “PBGC”: the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of
Title IV of ERISA. 
 “Participant”: as defined in subsection 9.6(b). 
 “Participating Member State”: each country so described in any EMU Legislation. 
 “Participation Interest”: the purchase by a Bank of a participation interest in Letters of Credit as provided in subsection 2.22
and in Swing Line Loans as provided in Section 2.19. 
  

 13 

 “Person”: an individual, corporation, partnership, joint venture, association, joint
stock company, trust, unincorporated organization, Governmental Authority or other entity of whatever nature. 
 “Plan”: at
a particular time, any employee benefit plan which is covered by ERISA and in respect of which the Company or a Commonly Controlled Entity is (or, if such plan were terminated at such time, would under Section 4069 of ERISA be deemed to be) an
“employer” as defined in Section 3(5) of ERISA. 
 “Pounds Sterling”: British pounds sterling, the lawful
currency of the United Kingdom. 
 “Prime Rate”: as defined in the definition of ABR. 
 “Principal Facility”: the real property, fixtures, machinery and equipment relating to any facility owned by the Company or any
Subsidiary, except for any facility that, in the opinion of the Board of Directors of the Company, is not of material importance to the business conducted by the Company and its Subsidiaries, taken as a whole. 
 “Purchased Receivables”: accounts receivable purchased by the Company or any of its Subsidiaries from third parties and not originally
created by the sale of goods or services by the Company or any of its Subsidiaries. 
 “Purchased Receivables Financing”:
any financing transaction pursuant to which Purchased Receivables are sold, transferred, securitized or otherwise financed by any Receivables Subsidiary and as to which there is no recourse to the Company or any of its other Subsidiaries (other than
customary representations and warranties made in connection with the sale or transfer of Purchased Receivables). 
 “Purchasing
Banks”: as defined in subsection 9.6(c). 
 “Rating”: the respective rating of each of the Rating Agencies
applicable to the long-term senior unsecured non-credit enhanced debt of the Company, as announced by the Rating Agencies from time to time. 
 “Rating Agencies”: collectively, S&P and Moody’s. 
 “Rating Category”: each of Rating I,
Rating II, Rating III, Rating IV and Rating V. 
  

 14 

 “Rating I”, “Rating II”, “Rating III”, “Rating
IV” and “Rating V”: the respective Ratings set forth below: 
  

					
	 Rating Category
	 	 S&P
	 	 Moody’s

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

	 Rating II
	 	 equal to A-
	 	 equal to A3

	 Rating III
	 	 equal to BBB+
	 	 equal to Baa1

	 Rating IV
	 	 equal to BBB
	 	 equal to Baa2•

	 Rating V
	 	 less than BBB
	 	 less than Baa2

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

 “Regulation U”: Regulation U of the Board of Governors of the Federal Reserve System. 
 “Regulation X”: Regulation X of the Board of Governors of the Federal Reserve System. 
 “Reimbursement Obligation”: the obligation of the Company to reimburse the Issuing Lenders pursuant to subsection 2.22(d) for amounts
drawn under Letters of Credit. 
 “Related Financings”: the $2,400,000,000 credit facility among First Financial Management
Corporation, a wholly owned Subsidiary of the Company, the lenders parties thereto and Citicorp North America, Inc., as administrative agent, and any refinancings thereof. 
 “Reorganization”: with respect to any Multiemployer Plan, the condition that such plan is in reorganization within the meaning of
Section 4241 of ERISA. 
 “Reportable Event”: any of the events set forth in Section 4043(b) of ERISA, other than
those events as to which the thirty day notice period is waived by the PBGC. 
 “Requirement of Law”: as to any Person, the
Certificate of Incorporation and By-Laws or other organizational or governing documents of such Person, and any law (including, without limitation, Environmental Laws), treaty, rule or regulation or determination of an arbitrator or a 

  

 15 

 
court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its
property is subject. 
 “Responsible Officer”: the chairman and the chief executive officer of the Company, the chief
financial officer of the Company, the treasurer of the Company or the senior vice president-finance of the Company. 
 “Revaluation
Date”: with respect to any Extension of Credit, each of the following: (a) in connection with the origination of any new Extension of Credit, the Business Day which is the earliest of the date such credit is extended or the date the
rate is set; (b) in connection with any extension or conversion or continuation of an existing Loan, the Business Day that is the earlier of the date such advance is extended, converted or continued, or the date the rate is set, as applicable,
in connection with any extension, conversion or continuation; (c) each date a Letter of Credit is issued or renewed or amended in such a way as to modify the LOC Obligations; (d) the date of any reduction of the Commitments; and
(e) such additional dates as the Administrative Agent or the Majority Banks shall deem necessary. For purposes of determining availability hereunder, the rate of exchange for any Foreign Currency shall be the Spot Rate. 
 “Revolving Credit Loan”: as defined in subsection 2.1. 
 “Revolving Credit Note”: as defined in subsection 2.2. 
 “S&P”: Standard & Poor’s Ratings Services. 
 “Short-Term Ratings”: with respect to any Person, the short-term debt ratings of such Person issued by the Rating Agencies. 

“Significant Subsidiary”: at any date, any Subsidiary of the Company which, together with its Subsidiaries, (i) has a
proportionate share of Consolidated Net Assets that exceeds 10% at the time of determination or (ii) has equity in the Consolidated Net Income that exceeds 10% for the period of the four most recently completed fiscal quarters preceding the
time of determination. 
 “Single Employer Plan”: any Plan which is covered by Title IV of ERISA, but which is not a
Multiemployer Plan. 
 “Spin-Off Financial Statements”: as defined in subsection 3.1. 
 “Spot Rate”: with respect to any Foreign Currency, the rate quoted by Citibank as the spot rate for the purchase by Citibank of such
Foreign Currency with Dollars through its principal foreign exchange trading office at approximately 11:00 A.M. New York City time, on the date two Business Days prior to the date as of which the foreign exchange computation is made.

 “Subsidiary”: as to any Person, a corporation, partnership or other entity of which shares of stock or other ownership
interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation,
partnership or 

  

 16 

 
other entity are at the time owned, directly or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise qualified, all
references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of the Company. 
 “Swing Line Commitment”: the obligation of the Swing Line Bank to make Committed Swing Line Loans pursuant to subsection 2.19 in an aggregate amount at any one time outstanding up to $150,000,000. 
 “Swing Line Loan”: as defined in subsection 2.19(a). 
 “Swing Line Note”: as defined in subsection 2.19(b). 
 “Termination
Date”: September 27, 2011. 
 “Tranche”: the reference to Eurodollar Loans the Interest Periods with respect
to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day); Tranches may be identified as “Eurodollar Tranches”. 
 “Transferee”: as defined in subsection 9.6(f). 
 “Treaty on European Union”: the Treaty of Rome of March 25, 1957, as amended by the Single European Act 1986 and the Maastricht Treaty (which was signed at Maastricht on February 1, 1992 and
came into force on November 1, 1993), as amended from time to time. 
 “Type”: as to any Loan, its nature as an ABR
Loan or a Eurodollar Loan. 
 “Unrefunded Swing Line Loans”: as defined in subsection 2.19(d). 
 “Utilization Fee Rate”: for each day during each calculation period, a rate per annum based on the Ratings in effect on such day, as set
forth below: 
  

				
	 Rating
	  	Utilization
Fee Rate	 
	 Rating I
	  	0.050	%
	 Rating II
	  	0.050	%
	 Rating III
	  	0.100	%
	 Rating IV
	  	0.100	%
	 Rating V
	  	0.100	%

 “Western Union Form 10”: the Form 10 of the Company, filed with the Securities
Exchange Commission on June 6, 2006, as amended prior to the Closing Date. 
  

 17 

 1.2 Other Definitional Provisions. 
 (a) Unless otherwise specified therein, all terms defined in this Agreement shall have the defined meanings when used in the Notes or any
certificate or other document made or delivered pursuant hereto. 
 (b) As used herein and in the Notes, and any certificate
or other document made or delivered pursuant hereto, accounting terms relating to the Company and its Subsidiaries not defined in subsection 1.1 and accounting terms partly defined in subsection 1.1, to the extent not defined, shall have
the respective meanings given to them under GAAP. 
 (c) The words “hereof”, “herein” and
“hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, subsection, Schedule and Exhibit references are to this
Agreement unless otherwise specified. 
 (d) The meanings given to terms defined herein shall be equally applicable to both
the singular and plural forms of such terms. 
 1.3 Accounting Terms. 
 Unless otherwise specified herein, all accounting terms used herein shall be interpreted, and all accounting determinations hereunder shall be made, in
accordance with GAAP applied on a basis consistent with the most recent audited consolidated financial statements of the Company delivered to the Banks; provided that, if at any time any change in GAAP would affect the computation of any financial
ratio or requirement set forth in this Agreement, and the Company, the Majority Banks or the Administrative Agent shall so request, the Administrative Agent, the Banks and the Company shall negotiate in good faith to amend such ratio or requirement
to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Majority Banks); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior
to such change therein and (ii) the Company shall provide to the Administrative Agent financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between
calculations of such ratio or requirement made before and after giving effect to such change in GAAP. 
 1.4 Exchange Rates; Currency
Equivalents. 
 (a) The Administrative Agent shall determine the Spot Rates as of each Revaluation Date to be used for
calculating the Dollar Amounts of Extensions of Credit and amounts outstanding hereunder denominated in Foreign Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any
amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by the Company hereunder or calculating financial covenants hereunder or except as otherwise provided herein,
the applicable amount of any currency for purposes of the Loan Documents shall be such Dollar Amount as so determined by the Administrative Agent. 
  

 18 

 (b) Wherever in this Agreement in connection with an Extension of Credit, conversion,
continuation or prepayment of a Loan, an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Extension of Credit or Loan is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency
Equivalent of such Dollar Amount (rounded upwards to the nearest 1,000 units of such Foreign Currency), as determined by the Administrative Agent. 
 1.5 Computation of Dollar Amounts. 
 References herein to minimum Dollar Amounts and
integral multiples stated in Dollars, where they shall also be applicable to Foreign Currency, shall be deemed to refer to approximate Foreign Currency Equivalents. 
 SECTION 2 
 AMOUNT AND TERMS OF COMMITMENTS 
 2.1 Commitments. 
 (a)
Subject to the terms and conditions hereof, each Bank severally agrees to make revolving credit loans (each, a “Revolving Credit Loan”; collectively, the “Revolving Credit Loans”) in Dollars and in Foreign Currencies to the
Company from time to time during the Commitment Period in an aggregate principal Dollar Amount (determined as of the most recent Revaluation Date) at any one time outstanding which, when added to the amount of such Bank’s Commitment Percentage
of the aggregate principal amount of all Swing Line Loans and LOC Obligations then outstanding, shall not exceed the amount of such Bank’s Commitment; provided that, (i) after giving effect to the use of proceeds of Revolving Credit Loans
to repay any Swing Line Loans or LOC Obligations, the aggregate principal Dollar Amount (determined as of the most recent Revaluation Date) of Revolving Credit Loans, Swing Line Loans, Bid Loans and LOC Obligations outstanding at any one time shall
not exceed the aggregate amount of the Commitments at such time; and (ii) the aggregate principal Dollar Amount (determined as of the most recent Revaluation Date) of Revolving Credit Loans that are Foreign Currency Loans outstanding to the
Company shall not exceed $250,000,000. During the Commitment Period the Company may use the Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.

 (b) The Revolving Credit Loans may from time to time be (i) Eurodollar Loans, (ii) ABR Loans, or (iii) a
combination thereof, as determined by the Company and notified to the Administrative Agent in accordance with subsections 2.3 and 2.7, provided that (1) no Revolving Credit Loan shall be made as a Eurodollar Loan after the day that is one
month prior to the Termination Date and (2) all Foreign Currency Loans must be Eurodollar Loans. 
 2.2 Revolving Credit Notes.
The Revolving Credit Loans made by each Bank shall be evidenced by a promissory note of the Company, substantially in the form of Exhibit A with 

  

 19 

 
appropriate insertions as to payee, date and principal amount (a “Revolving Credit Note”), payable to the order of such Bank and in a principal
Dollar Amount equal to such Bank’s Commitment. Each Bank is hereby authorized to record the date, Type, currency and amount of each Revolving Credit Loan made by such Bank, each continuation thereof, each conversion of all or a portion thereof
to another Type, the date and amount of each payment or prepayment of principal thereof and, in the case of Eurodollar Loans, the length of each Interest Period with respect thereto, on the schedule annexed to and constituting a part of its
Revolving Credit Note, and any such recordation shall constitute prima facie evidence of the accuracy of the information so recorded, provided that the failure of any Bank to make any such recordation (or any error in such recordation) shall not
affect the obligations of the Company hereunder or under any Revolving Credit Note in respect of the Revolving Credit Loans. Each Revolving Credit Note shall (x) be dated the Closing Date, (y) be stated to mature on the Termination Date
and (z) provide for the payment of interest in accordance with subsection 2.9. 
 2.3 Procedure for Borrowing. The Company
may borrow under the Commitments during the Commitment Period on any Business Day, provided that the Company shall deliver to the Administrative Agent a Borrowing Certificate (which certificate to be effective on the requested Borrowing Date must be
received by the Administrative Agent (a) prior to 12:00 noon, New York City time, three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans,
(b) prior to 10:00 A.M., London, England time, four Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be Foreign Currency Loans and (c) prior to 12:00 noon, New York City
time, on the requested Borrowing Date, otherwise), specifying (i) the amount to be borrowed, (ii) the currency to be borrowed, (iii) the requested Borrowing Date, (iv) whether the borrowing is to be of Eurodollar Loans, ABR Loans
or a combination thereof (if the borrowing is to be denominated in a Foreign Currency, the borrowing must be comprised entirely of Eurodollar Loans) and (v) if the borrowing is to be entirely or partly of Eurodollar Loans, the aggregate amount
of such Eurodollar Loans and the amounts of each such Eurodollar Loan and the respective length of the initial Interest Period therefor. Each borrowing under the Commitments shall be in a Dollar Amount equal to (x) in the case of ABR Loans
other than a Swing Line Loan, $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the then Available Commitments are less than $5,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a whole
multiple of $1,000,000 in excess thereof. Upon receipt of a Borrowing Certificate, the Administrative Agent shall promptly notify each Bank thereof. 
 Each Bank will make the amount of its pro rata share of each borrowing available to the Administrative Agent for the account of the Company at the applicable office of the Administrative Agent specified in
subsection 9.2 or such other office specified by the Administrative Agent from time to time prior to (a) 2:00 P.M., New York City time in the case of ABR Loans and 11:00 A.M., New York City time in the case of Eurodollar Loans
denominated in Dollars and (b) the Applicable Time specified by the Administrative Agent in the case of any Foreign Currency Loan, on the Borrowing Date requested by the Company in Dollars or the applicable Foreign Currency and in funds
immediately available to the Administrative Agent. Such borrowing will then be made available to the Company by the Administrative Agent crediting the account of the Company on the books of such office with the aggregate of 

  

 20 

 
the amounts made available to the Administrative Agent by the Banks and in like funds as received by the Administrative Agent. 
 2.4 Fees. 
 (a) The
Company agrees to pay to the Administrative Agent, for the account of each Bank, a facility fee for the period from and including the Closing Date through the Termination Date, calculated as an amount equal to the product of (i) the Facility
Fee Rate and (ii) the average daily amount of the Commitment of such Bank (regardless of usage) during the period for which such facility fee is calculated, payable in arrears on the last day of each December, March, June and September (for the
quarterly period ended on such date) and on the Termination Date or such earlier date on which the Commitments shall terminate as provided herein (for the period from the last quarterly payment date to the Termination Date or such other date, as
applicable). Such payments shall commence on December 31, 2006, and such first payment shall be for the period from the Closing Date through December 31, 2006. 
 (b) The Company agrees to pay to the Administrative Agent, the Syndication Agent and the Lead Arranger for their own account, as the case
may be, the fees in the respective amounts and at the respective times set forth in the Fee Letters. 
 (c) If on any date the
aggregate outstanding principal Dollar Amount (determined as of the most recent Revaluation Date) of Loans and LOC Obligations hereunder exceeds 50% of the aggregate Commitments of all Banks hereunder, the Company will pay to the Administrative
Agent for the ratable benefit of the Banks a utilization fee (the “Utilization Fee”) at a per annum rate equal to the Utilization Fee Rate in effect on such date on the outstanding principal Dollar Amount (determined as of the most recent
Revaluation Date) of Loans and LOC Obligations, payable in arrears on the last day of each December, March, June and September (for the quarterly period ended on such date) and on the Termination Date. 
 (d) In consideration of the LOC Commitments, the Company agrees to pay to the Administrative Agent a fee (the “Letter of Credit
Fee”) equal to the Applicable Margin per annum on the average daily maximum amount available to be drawn under each Letter of Credit from the date of issuance to the date of expiration. The Letter of Credit Fee shall be for the ratable benefit
of the Banks (including the Issuing Lenders). 
 (e) In addition to the Letter of Credit Fees payable pursuant to
subsection (d) hereof, the Company shall pay to each Issuing Lender for its own account without sharing by the other Banks the reasonable and customary charges from time to time of such Issuing Lender with respect to the amendment, transfer,
administration, cancellation and conversion of, and drawings under, such Letters of Credit (collectively, the “Issuing Lender Fees”). Each Issuing Lender may charge, and retain for its own account without sharing by the other Banks, an
additional facing fee (the “Letter of Credit Facing Fee”) in an amount per annum to be agreed between the applicable Issuing Lender and the Company on the average daily maximum amount available to be drawn under each such Letter of Credit
issued by it. The Letter of Credit Facing Fee shall be payable quarterly 

  

 21 

 
in arrears on the last day of each December, March, June and September (for the quarterly period ended on such date) and on the Termination Date. 

2.5 Termination or Reduction of Commitments. The Company shall have the right, upon not less than five Business Days’ notice to the
Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments, provided that no such termination or reduction shall be permitted if, after giving effect thereto and to any prepayments of the Loans
made on the effective date thereof, the aggregate principal Dollar Amount (determined as of the most recent Revaluation Date) of the Loans and LOC Obligations then outstanding would exceed the Commitments then in effect. Upon receipt of any such
notice the Administrative Agent shall promptly notify each Bank thereof. Any such reduction shall be in an amount equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof and shall reduce permanently the Commitments then in effect.
Any reduction or termination of the Commitment of the Swing Line Bank shall automatically result in a termination or reduction of the Swing Line Commitment of the Swing Line Bank such that, after giving effect thereto, the Swing Line Commitment of
the Swing Line Bank is equal to or less than the Commitment of the Swing Line Bank. 
 2.6 Prepayments. (a) Subject to
subsection 2.16, the Company may at any time and from time to time prepay the Revolving Credit Loans, in whole or in part, without premium or penalty, upon irrevocable notice to the Administrative Agent given prior to 10:00 A.M., New York
City time, at least three Business Days in advance in the case of Eurodollar Loans and on the requested prepayment date in the case of ABR Loans, specifying the date and amount of prepayment and whether the prepayment is of Eurodollar Loans, ABR
Loans or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of any such notice the Administrative Agent shall promptly notify each Bank thereof. If any such notice is given, the amount specified in
such notice shall be due and payable on the date specified therein. Partial prepayments shall be in an aggregate principal Dollar Amount (determined as of the most recent Revaluation Date) of $5,000,000 or a whole multiple of $1,000,000 in excess
thereof. The Company shall not have the right to prepay any principal amount of any Bid Loan without the prior written consent of the applicable Bank then making such Bid Loan. 
 (b) If at any time after the Closing Date, (i) the sum of the aggregate principal Dollar Amount (determined as of the most recent
Revaluation Date) of outstanding Revolving Credit Loans, Swing Line Loans, Bid Loans and LOC Obligations shall exceed the aggregate amount of the Commitments at such time or (ii) the aggregate principal Dollar Amount (determined as of the most
recent Revaluation Date) of Revolving Credit Loans that are Foreign Currency Loans outstanding to the Company exceeds $250,000,000, in each case, the Loans shall immediately be prepaid in an amount sufficient to eliminate such excess. 
 2.7 Conversion and Continuation Options. 
 (a) The Company may elect from time to time to convert Revolving Credit Loans that are Eurodollar Loans denominated in Dollars to ABR Loans, by giving the Administrative Agent at least two Business Days’ prior
irrevocable notice of such election, provided that any such conversion of Eurodollar Loans may only be made on 

  

 22 

 
the last day of an Interest Period with respect thereto. The Company may elect from time to time to convert ABR Loans to Eurodollar Loans denominated in
Dollars by giving the Administrative Agent at least three Business Days’ prior irrevocable notice of such election. Any such notice of conversion to Eurodollar Loans shall specify the length of the initial Interest Period or Interest Periods
therefor. Upon receipt of any such notice the Administrative Agent shall promptly notify each Bank thereof. All or any part of outstanding Eurodollar Loans denominated in Dollars and ABR Loans may be converted as provided herein, provided that
(i) no Loan may be converted into a Eurodollar Loan when any Event of Default has occurred and is continuing and the Administrative Agent or the Majority Banks have determined that such a conversion is not appropriate, (ii) any such
conversion may only be made if, after giving effect thereto, subsection 2.8 shall not have been contravened and (iii) no Loan may be converted into a Eurodollar Loan after the date that is one month prior to the Termination Date. For purposes
of this subsection, any reference to an ABR Loan shall be deemed to exclude any Swing Line Loan. 
 (b) Any Revolving Credit
Loans that are Eurodollar Loans may be continued as such upon the expiration of the then current Interest Period with respect thereto by the Company giving notice to the Administrative Agent, in accordance with the applicable provisions of the term
“Interest Period” set forth in subsection 1.1, of the length of the next Interest Period to be applicable to such Loans, provided that no Eurodollar Loan may be continued as such (i) when any Event of Default has occurred and is
continuing and the Administrative Agent or the Majority Banks have determined that such a continuation is not appropriate, (ii) if, after giving effect thereto, subsection 2.8 would be contravened or (iii) after the date that is one
month prior to the Termination Date. Upon receipt of any such notice the Administrative Agent shall promptly notify each Bank thereof. 
 (c) Unless otherwise agreed to by the Majority Banks, upon the occurrence and during the continuance of any Event of Default, all Foreign Currency Loans then outstanding shall be exchanged into Dollars (based on the
Dollar Amount (determined as of the most recent Revaluation Date) of such Foreign Currency Loans on the date of redenomination) on the last day of the then current Interest Periods of such Foreign Currency Loans; provided that in each case
the Company shall be liable for any currency exchange loss related to such payments and shall promptly pay to each Bank upon receipt of notice thereof by the Company from such Bank the amount of any such loss incurred by such Bank. 
 2.8 Minimum Amounts of Tranches. All borrowings, conversions and continuations of Loans hereunder and all selections of Interest Periods hereunder
shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising each Eurodollar Tranche shall be equal to a Dollar Amount (determined as of the most recent
Revaluation Date) of $5,000,000 or a whole multiple of $1,000,000 in excess thereof. 
  

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 2.9 Interest Rates and Payment Dates. 
 (a) Each ABR Loan shall bear interest at a rate per annum equal to the ABR. 
 (b) Each Revolving Credit Loan that is a Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto
at a rate per annum equal to the Eurodollar Rate determined for such Interest Period plus the Applicable Margin. 
 (c) Each
Bid Loan shall bear interest as provided in subsection 2.18. 
 (d) If all or a portion of (i) the principal amount
of any Loan or (ii) any interest payable thereon shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum which is (x) in the case of overdue
principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of overdue interest, the rate described in paragraph (a) of this subsection plus 2%, in each
case from the date of such non-payment until such amount is paid in full (as well after as before judgment). 
 (e) Interest
on each Revolving Credit Loan and each Swing Line Loan shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (d) of this subsection shall be payable on demand. Interest on each Bid Loan
shall be payable as set forth in the applicable Bid Note. 
 2.10 Computation of Interest and Fees. 
 (a) Facility fees and, whenever it is calculated on the basis of the Prime Rate, interest on ABR Loans and Foreign Currency Loans
denominated in Pounds Sterling, shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; otherwise, interest and fees shall be calculated on the basis of a 360-day year for the actual days
elapsed. The Administrative Agent shall as soon as practicable notify the Company and the Banks of each determination of a Eurodollar Rate. The Administrative Agent shall as soon as practicable notify the Company and the Banks of the effective date
and the amount of each such change in interest rate. 
 (b) Each determination of an interest rate by the Administrative Agent
pursuant to any provision of this Agreement shall be conclusive and binding on the Company and the Banks in the absence of manifest error. The Administrative Agent shall, at the request of the Company, deliver to the Company a statement showing the
quotations used by the Administrative Agent in determining any interest rate pursuant to subsection 2.9(b) or (c). 
 2.11 Inability
to Determine Interest Rate. In the event that prior to the first day of any Interest Period: 
 (a) the Administrative
Agent shall have determined (which determination shall be conclusive and binding upon the Company) that, by reason of circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining the Eurodollar Rate for
such Interest Period, or 
  

 24 

 (b) the Administrative Agent shall have received notice from the Majority Banks that the
Eurodollar Rate determined or to be determined for such Interest Period will not adequately and fairly reflect the cost to such Banks (as conclusively certified by such Banks) of making or maintaining their affected Loans during such Interest
Period, 
 the Administrative Agent shall give telecopy or telephonic (confirmed in writing) notice thereof to the Company and
the Banks as soon as practicable thereafter. If such notice is given (w) any affected Foreign Currency Loans requested to be made on the first day of such Interest Period shall be made, at the sole option of the Company, in Dollars as ABR Loans
or such request shall be cancelled, (x) any Eurodollar Loans denominated in Dollars requested to be made on the first day of such Interest Period shall be made as ABR Loans or Fixed Rate Bid Loans based upon the ABR, (y) any Loans that
were to have been converted on the first day of such Interest Period to Eurodollar Loans shall be converted to or continued as ABR Loans in Dollars and (z) any Loans that pursuant to subsection 2.7(b) were to have been continued on the
first day of such Interest Period as Eurodollar Loans shall be converted to ABR Loans in Dollars. Until such notice has been withdrawn by the Administrative Agent, no further Eurodollar Loans shall be made or continued as such, nor shall the Company
have the right to convert Loans to Eurodollar Loans. 
 2.12 Pro Rata Treatment and Payments. 
 (a) Each borrowing of Revolving Credit Loans and any reduction of the Commitments shall be made pro rata according to the
respective Commitment Percentages of the Banks. Unless otherwise required by the terms of this Agreement, each payment under this Agreement or any Note shall be applied, first, to any fees then due and owing by the Company pursuant to
subsection 2.4, second, to interest then due and owing in respect of the Notes of the Company and, third, to principal then due and owing hereunder and under the Notes of the Company. Each payment on account of any fees pursuant to
subsection 2.4 for the account of Banks shall be made pro rata in accordance with the respective amounts due and owing (except as to the Letter of Credit Facing Fee and the Issuing Lender Fees). Each payment (other than
prepayments) by the Company on account of principal of and interest on the Revolving Credit Loans shall be made pro rata according to the respective amounts due and owing. Without limiting the terms of the preceding sentence, accrued
interest on any Loans denominated in a Foreign Currency shall be payable in the same Foreign Currency as such Loan. Payments made pursuant to subsection 2.13 shall be applied in accordance with such section. All payments (including prepayments)
to be made by the Company on account of principal, interest and fees shall be made without defense, set-off or counterclaim (except as provided in subsection 2.15(b)) and shall be made to the Administrative Agent for the account of the Banks at
the Administrative Agent’s office specified in subsection 9.2 or such other office specified by the Administrative Agent in immediately available funds and (i) in the case of Loans or other amounts denominated in Dollars, shall be
made in Dollars not later than 12:00 noon New York City time on the date when due and (ii) in the case of Loans or other amounts denominated in a Foreign Currency, unless otherwise specified herein, shall be made in such Foreign Currency
not later than the Applicable Time specified by the Administrative Agent on the date when due. Any payment 

  

 25 

 
received after the foregoing deadlines shall be deemed received on the next Business Day. The Administrative Agent shall distribute such payments to the
Banks entitled thereto promptly upon receipt in like funds as received. If any payment hereunder (other than payments on the Eurodollar Loans) becomes due and payable on a day other than a Business Day, such payment shall be extended to the next
succeeding Business Day, and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension. If any payment on a Eurodollar Loan becomes due and payable on a day other than a Business Day,
the maturity thereof shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding
Business Day. 
 (b) Notwithstanding any other provisions of this Agreement to the contrary, after the exercise of remedies by
the Administrative Agent or the Banks pursuant to Section 7 (or after the Commitments shall automatically terminate and the Loans (with accrued interest thereon) and all other amounts under the Loan Documents (including without limitation the
maximum amount of all contingent liabilities under Letters of Credit) shall automatically become due and payable in accordance with the terms of such Section), all amounts collected or received by the Administrative Agent or any Bank on account of
the Obligations or any other amounts outstanding under any of the Loan Documents shall be paid over or delivered as follows: 
 FIRST, to the payment of all reasonable out-of-pocket costs and expenses (including without limitation reasonable attorneys’ fees) of the Administrative Agent in connection with enforcing the rights of the Banks under the Loan
Documents; 
 SECOND, to the payment of any fees owed to the Administrative Agent; 
 THIRD, to the payment of all reasonable out-of-pocket costs and expenses (including without limitation, reasonable attorneys’ fees)
of each of the Banks in connection with enforcing its rights under the Loan Documents or otherwise with respect to the Obligations owing to such Bank; 
 FOURTH, to the payment of all of the Obligations consisting of accrued fees and interest; 
 FIFTH, to the payment of the outstanding principal amount of the Obligations and the payment or cash collateralization of the outstanding LOC Obligations; 
 SIXTH, to all other Obligations and other obligations which shall have become due and payable under the Loan Documents or otherwise and
not repaid pursuant to clauses ”FIRST” through “FIFTH” above; and 
 SEVENTH, to the payment of the
surplus, if any, to whoever may be lawfully entitled to receive such surplus. 
 In carrying out the foregoing,
(i) amounts received shall be applied in the numerical order provided until exhausted prior to application to the next succeeding 

  

 26 

 
category; (ii) each of the Banks shall receive an amount equal to its pro rata share (based on the proportion that the then outstanding Loans and LOC
Obligations held by such Bank bears to the aggregate then outstanding Loans and LOC Obligations) of amounts available to be applied pursuant to clauses “THIRD”, “FOURTH”, “FIFTH” and “SIXTH” above; and
(iii) to the extent that any amounts available for distribution pursuant to clause “FIFTH” above are attributable to the issued but undrawn amount of outstanding Letters of Credit, such amounts shall be held by the Administrative
Agent in a cash collateral account and applied (A) first, to reimburse the Issuing Lenders from time to time for any drawings under such Letters of Credit and (B) then, following the expiration of all Letters of Credit, to all other
obligations of the types described in clauses “FIFTH” and “SIXTH” above in the manner provided in this subsection 2.12(b). 
 (c) Unless the Administrative Agent shall have been notified in writing by any Bank prior to a Borrowing Date that such Bank will not make the amount that would constitute its Commitment Percentage of the borrowing of
a Revolving Credit Loan on such date available to the Administrative Agent, the Administrative Agent may assume that such Bank has made such amount available to the Administrative Agent on such Borrowing Date, and the Administrative Agent may, in
reliance upon such assumption, make available to the Company a corresponding amount. If such amount is made available to the Administrative Agent on a date after such Borrowing Date, such Bank shall pay to the Administrative Agent on demand an
amount equal to the product of (i) the daily average Federal Funds Effective Rate (as defined in the definition of “ABR”) during such period as quoted by the Administrative Agent, (ii) the amount of such Bank’s Commitment
Percentage of such borrowing, and (iii) a fraction the numerator of which is the number of days that elapse from and including such Borrowing Date to the date on which such Bank’s Commitment Percentage of such borrowing shall have become
immediately available to the Administrative Agent and the denominator of which is 360. A certificate of the Administrative Agent submitted to any Bank with respect to any amounts owing under this subsection shall be conclusive in the absence of
manifest error. If such Bank’s Commitment Percentage of such borrowing is not in fact made available to the Administrative Agent by such Bank within three Business Days of such Borrowing Date, the Administrative Agent shall be entitled to
recover such amount with interest thereon at the rate per annum applicable to ABR Loans hereunder, on demand, from the Company. 
 (d) Unless the Administrative Agent shall have been notified in writing by the Company, prior to the date on which any payment is due from the Company hereunder (which notice shall be effective upon receipt) that the Company does not intend
to make such payment, the Administrative Agent may assume that the Company has made such payment when due, and the Administrative Agent may in reliance upon such assumption (but shall not be required to) make available to each Bank on such payment
date an amount equal to the portion of such assumed payment to which such Bank is entitled hereunder, and if the Company has not in fact made such payment to the Administrative Agent, such Bank shall, on demand, repay to the Administrative Agent the
amount made available to such Bank. If such amount is repaid to the Administrative Agent on a date after the date such amount was made available to such Bank, such Bank shall pay to the Administrative Agent on demand interest on such amount in
respect of each day from the 

  

 27 

 
date such amount was made available by the Administrative Agent to such Bank to the date such amount is recovered by the Administrative Agent at a per annum
rate equal to the Federal Funds Effective Rate. A certificate of the Administrative Agent submitted to the Company with respect to any amount owing under this subsection shall be conclusive in the absence of manifest error. 
 2.13 Illegality. 
 (a)
Notwithstanding any other provision herein, if any change in any Requirement of Law or in the interpretation or application thereof shall make it unlawful for any Bank to make or maintain Eurodollar Loans as contemplated by this Agreement,
(i) the commitment of such Bank hereunder to make Eurodollar Loans, continue Eurodollar Loans as such and convert Domestic Dollar Loans to Eurodollar Loans shall forthwith be cancelled and (ii) such Bank’s Loans then outstanding as
Eurodollar Loans, if any, shall be converted automatically to ABR Loans or Fixed Rate Bid Loans denominated in Dollars based upon the ABR on the respective last days of the then current Interest Periods with respect to such Loans or within such
earlier period as required by law. If any such conversion of a Eurodollar Loan occurs on a day which is not the last day of the then current Interest Period with respect thereto, the Company shall pay to such Bank such amounts, if any, as may be
required pursuant to subsection 2.16. 
 (b) Notwithstanding any other provision herein, if there shall have occurred any
change in national or international financial, political or economic conditions (including the imposition of or any change in exchange controls) or currency exchange rates which would make it unlawful or impossible for any Bank to make Loans
denominated in any Foreign Currency to the Company, as contemplated by this Agreement, (i) the commitment of such Bank hereunder to make Foreign Currency Loans shall forthwith be cancelled and (ii) such Bank’s Loans then outstanding
as Foreign Currency Loans, if any, shall be converted automatically to ABR Loans denominated in Dollars. If any conversion of a Foreign Currency Loan occurs on a day which is not the last day of the then current Interest Period with respect thereto,
the Company shall pay to such Bank such amounts, if any, as may be required pursuant to subsection 2.16. 
 2.14 Requirements of Law.

 (a) In the event that Eurodollar Reserve Percentage or any change in any Requirement of Law or in the interpretation or
application thereof after the date of this Agreement or compliance by any Bank with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority made subsequent to the date hereof:

 (i) shall subject any Bank to any tax of any kind whatsoever with respect to this Agreement, any Note, any Letter of Credit
or any application related thereto, or any Eurodollar Loan made by it, or change the basis of taxation of payments to such Bank in respect thereof (except for taxes covered by subsection 2.15 and changes in franchise taxes or the rate of tax on
the overall net income of such Bank); 
  

 28 

 (ii) shall impose, modify or hold applicable any reserve, special deposit, compulsory
loan or similar requirement against assets held by, deposits or other liabilities in or for the account of, advances, loans or other extensions of credit by, or any other acquisition of funds by, any office of such Bank which is not otherwise
included in the determination of the Eurodollar Rate or the interest rate applicable to any Bid Loan hereunder; or 
 (iii)
shall impose on such Bank any other condition; 
 and the result of any of the foregoing is to increase the cost to such Bank, by an amount
which such Bank deems to be material, of making, converting into, continuing or maintaining Eurodollar Loans or Bid Loans or the Letters of Credit (or the Participation Interests therein), or to reduce any amount receivable hereunder in respect
thereof then, in any such case, the Company shall promptly pay such Bank, upon its demand, any additional amounts necessary to compensate such Bank for such increased cost or reduced amount receivable as provided in this Section 2.14(a). If any
Bank becomes entitled to claim any additional amounts pursuant to this subsection, it shall promptly notify the Company, through the Administrative Agent, of the event by reason of which it has become so entitled. A certificate as to any additional
amounts payable pursuant to this subsection submitted by such Bank, through the Administrative Agent, to the Company in good faith and setting forth in reasonable detail the calculation of such amounts shall be conclusive in the absence of manifest
error; provided that the Company’s obligations under this Section 2.14(a) shall be limited to amounts accruing not more than 180 days prior to the invoice thereof by such Bank (such time period to be extended as necessary to take into
account any retroactive application of a change in law giving rise to such obligations). This covenant shall survive the termination of this Agreement and the payment of the Notes and all other amounts payable hereunder until the second anniversary
of such payment and termination. 
 (b) In the event that any Bank or corporation controlling such Bank shall have determined
that any change in any Requirement of Law regarding capital adequacy or in the interpretation or application thereof or compliance by such Bank or such corporation with any request or directive regarding capital adequacy (whether or not having the
force of law) from any Governmental Authority made subsequent to the date hereof does or shall have the effect of reducing the rate of return on such Bank’s capital as a consequence of its obligations hereunder to a level below that which such
Bank could have achieved but for such change or compliance (taking into consideration such Bank’s policies with respect to capital adequacy) by an amount deemed by such Bank to be material, then from time to time, after submission by such Bank
in good faith to the Company (with a copy to the Administrative Agent) of a written request therefor setting forth in reasonable detail the calculation of such amount (which request shall be conclusive in the absence of manifest error), the Company
shall pay to such Bank such additional amount or amounts as will compensate such Bank for such reduction; provided that the Company’s obligations under this Section 2.14(b) shall be limited to amounts accruing not more than 180 days prior
to the invoice thereof by such Bank (such time period to be extended as necessary to take into account any retroactive application of a change in law giving rise to such obligations). This covenant shall survive the 

  

 29 

 
termination of this Agreement and the payment of the Notes and all other amounts payable hereunder until the second anniversary of such payment and
termination. 
 2.15 Taxes. 
 (a) Subject to subsection 2.15(b) or 9.6(g), as appropriate, all payments made by the Company under this Agreement and the Notes shall be made free and clear of, and without deduction or withholding for or on
account of, any present or future income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings, now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority, excluding, in the
case of the Administrative Agent and each Bank, net income taxes, branch profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which such Bank is located and franchise taxes (imposed in lieu of net income
taxes) imposed on the Administrative Agent or such Bank, as the case may be, as a result of a present or former connection between the jurisdiction of the government or taxing authority imposing such tax and the Administrative Agent or such Bank
(excluding a connection arising solely from the Administrative Agent or such Bank having executed, delivered or performed its obligations or received a payment under, or enforced, this Agreement or the Notes) or any political subdivision or taxing
authority thereof or therein (all such non-excluded taxes, levies, imposts, duties, charges, fees, deductions and withholdings being hereinafter called “Taxes”). If any Taxes are required to be withheld from any amounts payable to the
Administrative Agent or any Bank hereunder or under the Notes, the amounts so payable to the Administrative Agent or such Bank (so long as such Bank is in compliance with subsection 2.15(b) or 9.6(g), as appropriate and if applicable) shall be
increased to the extent necessary to yield to the Administrative Agent or such Bank (after payment of all Taxes) interest or any such other amounts payable hereunder at the rates or in the amounts specified in this Agreement and the Notes. Whenever
any Taxes are payable by the Company, as promptly as possible thereafter the Company shall send to the Administrative Agent for its own account or for the account of such Bank, as the case may be, a certified copy of an original official receipt
received by the Company showing payment thereof. If the Company fails to pay any Taxes when due to the appropriate taxing authority or fails to remit to the Administrative Agent the required receipts or other required documentary evidence, the
Company shall indemnify the Administrative Agent and the Banks for any incremental taxes, interest or penalties that may become payable by the Administrative Agent or any Bank as a result of any such failure. The agreements in this subsection shall
survive the termination of this Agreement and the payment of the Notes and all other amounts payable hereunder. 
 (b) Each
Bank party to this Agreement on the Closing Date that is not a United States person (as such term is defined in Section 7701(a)(30) of the Code) agrees that, on or prior to the Closing Date, it will deliver to the Company and the
Administrative Agent (i) two duly completed copies of United States Internal Revenue Service Form W-8BEN or W-8ECI or successor applicable form, as the case may be or (ii) in the case of such a Bank claiming the benefits of the
exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate to the effect that such Bank is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent

  

 30 

 
shareholder” of the Company within the meaning of Section 881(c)(3)(B) of the Code or (C) a “controlled foreign corporation”
described in Section 881(c)(3)(C) of the Code and (y) two duly completed copies of United States Internal Revenue Service Form W-8BEN, in each case certifying such Bank’s entitlement to a complete exemption from
United States withholding tax with respect to interest payments to be made under this Agreement and under any Note. Each such Bank also agrees to deliver to the Company and the Administrative Agent two further copies of such forms, or successor
applicable forms or other manner of certification, as the case may be, on or before the date that any such form expires or becomes obsolete or after the occurrence of any event requiring a change in the most recent form previously delivered by it to
the Company, and such extensions or renewals thereof as may reasonably be requested by the Company or the Administrative Agent, unless in any such case an event (including, without limitation, any change in treaty, law or regulation) has occurred
prior to the date on which any such delivery would otherwise be required which renders all such forms inapplicable or which would prevent such Bank from duly completing and delivering any such form with respect to it and such Bank so advises the
Company and the Administrative Agent. Each Bank party to this Agreement on the Closing Date that is a United States person (as such term is defined in Section 7701(a)(30) of the Code) agrees that, on or prior to the Closing Date, it will
deliver to the Company and the Administrative Agent two duly completed copies of United States Internal Revenue Service Form W-9, certifying that it is not subject to United States backup withholding tax. 
 2.16 Indemnity. The Company agrees to indemnify each Bank and to hold each Bank harmless from any loss or expense which such Bank may sustain or
incur as a consequence of (a) default by the Company in payment when due of the principal amount of or interest on any Eurodollar Loan or Bid Loan, (b) default by the Company in making a borrowing or conversion after the Company has given
(or is deemed to have given) a notice in accordance with subsection 2.18 (so long as the Company shall have accepted a Bid Loan offered in connection with any such notice), (c) default by the Company in making a borrowing of, conversion
into or continuation of Eurodollar Loans after the Company has given a notice requesting the same in accordance with the provisions of this Agreement, (d) default by the Company in making any prepayment of Eurodollar Loans after the Company has
given a notice thereof in accordance with the provisions of this Agreement or (e) the making of a prepayment or conversion, or the purchase pursuant to subsection 2.17, of Eurodollar Loans or Fixed Rate Bid Loans on a day which is not the
last day of an Interest Period with respect thereto, including, without limitation, in each case, any such loss (other than non-receipt of the Applicable Margin or, without duplication, anticipated profits) or expense arising from the reemployment
of funds obtained by it or from fees payable to terminate the deposits from which such funds were obtained (it being understood that any such calculation will be made on notional amounts as the Banks are not required to show that they matched
deposits specifically). A certificate as to any additional amounts payable pursuant to this subsection submitted by such Bank, through the Administrative Agent, to the Company in good faith shall be conclusive in the absence of manifest error. This
covenant shall survive the termination of this Agreement and the payment of the Notes and all other amounts payable hereunder. 
 2.17
Action of Affected Banks. Each Bank agrees to use reasonable efforts (including reasonable efforts to change the booking office for its Loans) to avoid or minimize any illegality 

  

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pursuant to subsection 2.13 or any amounts which might otherwise be payable pursuant to subsection 2.14(a) or 2.15; provided, however, that such
efforts shall not cause the imposition on such Bank of any additional costs or legal or regulatory burdens deemed by such Bank to be material and shall not be deemed by such Bank to be otherwise disadvantageous or contrary to its policies. In the
event that such reasonable efforts are insufficient to avoid all such illegality or all amounts that might be payable pursuant to subsection 2.14(a) or 2.15, then such Bank (the “Affected Bank”) shall use its reasonable efforts to
transfer to any other Bank (which itself is not then an Affected Bank) its Loans and Commitment subject to the provisions of subsection 9.6(c); provided, however, that such transfer shall not be deemed by such Affected Bank, in its sole
discretion, to be disadvantageous to it or contrary to its policies. In the event that the Affected Bank is unable, or otherwise is unwilling, so to transfer its Loans and Commitment, the Company may designate an alternate lender (reasonably
acceptable to the Administrative Agent) to purchase the Affected Bank’s Loans and Commitment, at par and including accrued interest, and, subject to the provisions of subsection 9.6(c), the Affected Bank shall transfer its Commitment to such
alternate lender and such alternate lender shall become a Bank hereunder. Any fee payable to the Administrative Agent pursuant to subsection 9.6(e) in connection with such transfer shall be for the account of the Company. 
 2.18 Bid Loans. 
 (a)
The Company may request one or more Banks to make offers to make Bid Loans denominated in Dollars from time to time on any Business Day during the period from the Closing Date until the date seven days prior to the Termination Date in the manner set
forth in this subsection 2.18, provided that the aggregate principal Dollar Amount (determined as of the most recent Revaluation Date) of all Revolving Credit Loans, Swing Line Loans, LOC Obligations and Bid Loans outstanding at any one time
shall not exceed the aggregate amount of the Commitments at such time. Each Bank may, but shall have no obligation to, make such offers, and the Company may, but shall have no obligation to, accept any such offers in the manner set forth herein.

 (b) (i) The Company may request Bid Loans by delivering a Bid Loan Request to the Administrative Agent, not later than
10:00 A.M. (New York City time) four Business Days prior to the proposed Borrowing Date (in the case of a LIBOR Bid Loan Request), and not later than 3:00 p.m. (New York City time) one Business Day prior to the proposed Borrowing Date (in
the case of a Fixed Rate Bid Loan Request). Each Bid Loan Request shall solicit Bid Quotes for Bid Loans in an aggregate principal Dollar Amount (determined as of the most recent Revaluation Date) of $5,000,000 or an integral multiple of $1,000,000
in excess thereof and for not more than four alternative maturity dates for such Bid Loans, none of which shall be earlier than seven days from the respective requested Borrowing Date or later than the earlier of (A) the date
(1) 180 days from the respective requested Borrowing Date in the case of a Fixed Rate Bid Loan Request and (2) 6 months from the respective requested Borrowing Date in the case of a LIBOR Bid Loan Request and (B) the Termination
Date. Bid Loan Requests may be submitted no more frequently than once during any period of three successive Business Days. The Administrative Agent shall promptly notify 

  

 32 

 
each Bank by facsimile transmission of the contents of each Bid Loan Request received by it. 
 (ii) In the case of a LIBOR Bid Loan Request, upon receipt of notice from the Administrative Agent of the contents of such Bid Loan
Request, any Bank that elects, in its sole discretion, to do so, may irrevocably offer to make one or more Bid Loans at the Eurodollar Rate plus or minus a margin for each such Bid Loan determined by such Bank in its sole discretion. Any such
irrevocable offer shall be made by delivering a Bid Quote to the Administrative Agent, before 10:00 A.M. (New York City time) three Business Days before the proposed Borrowing Date, setting forth the maximum amount of Bid Loans for each
maturity date which such Bank would be willing to make (which amount may, subject to subsection 2.1(a), exceed such Bank’s Commitment) and the margin above or below the Eurodollar Rate at which such Bank is willing to make each such Bid
Loan; the Administrative Agent shall advise the Company before 10:30 A.M. (New York City time) three Business Days before the proposed Borrowing Date, of the contents of each such Bid Quote received by it. If the Administrative Agent in its
capacity as a Bank shall, in its sole discretion, elect to make any such offer, it shall advise the Company of the contents of its Bid Quote before 9:45 A.M. (New York City time) three Business Days before the proposed Borrowing Date.

 (iii) In the case of a Fixed Rate Bid Loan Request, upon receipt of notice from the Administrative Agent of the contents of
such Bid Loan Request, any Bank that elects, in its sole discretion, to do so, may irrevocably offer to make one or more Bid Loans at a rate or rates of interest for each such Bid Loan determined by such Bank in its sole discretion. Any such
irrevocable offer shall be made by delivering a Bid Quote to the Administrative Agent, before 9:30 A.M. (New York City time) on the proposed Borrowing Date, setting forth the maximum amount of Bid Loans for each maturity date which such Bank
would be willing to make (which amount may, subject to subsection 2.1(a), exceed such Bank’s Commitment) and the rate or rates of interest therefor; the Administrative Agent shall advise the Company before 10:00 A.M. (New York City
time) on the proposed Borrowing Date of the contents of each such Bid Quote received by it. If the Administrative Agent in its capacity as a Bank shall, in its sole discretion, elect to make any such offer, it shall advise the Company of the
contents of its Bid Quote before 9:15 A.M. (New York City time) on the proposed Borrowing Date. 
 (iv) The Company shall
before 11:30 A.M. (New York City time) three Business Days before the proposed Borrowing Date in the case of a LIBOR Bid Loan Request and before 10:30 A.M. (New York City time) on the proposed Borrowing Date in the case of a Fixed Rate Bid
Loan Request either, in its absolute discretion: 
 (A) cancel such Bid Loan Request by giving the Administrative Agent
telephone notice to that effect, or 
  

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 (B) accept one or more of the offers made by any Bank or Banks pursuant to
clause (ii) or clause (iii) above, as the case may be, by giving telephone notice (immediately confirmed by execution and facsimile transmission of a Bid Loan Confirmation) to the Administrative Agent of the amount of Bid Loans to be made
by each Bank (which amount shall be equal to or less than the maximum amount requested to be made, but in no event less than $5,000,000 and in integral multiples of $1,000,000 in excess thereof, notified to the Company by the Administrative Agent on
behalf of such Bank for such Bid Loans pursuant to clause (ii) or clause (iii) above, as the case may be), provided that the Company may not accept offers for Bid Loans in an aggregate principal amount in excess of the maximum principal
amount requested in the related Bid Loan Request. 
 (v) If the Company notifies the Administrative Agent that a Bid Loan
Request is cancelled pursuant to clause (iv)(A) above, the Administrative Agent shall give prompt telephone notice thereof to the Banks, and the Bid Loans requested thereby shall not be made. 
 (vi) If the Company accepts one or more of the offers made by any Bank or Banks pursuant to clause (iv)(B) above, the Administrative
Agent shall as promptly as practicable following receipt of the Company’s acceptance, three Business Days before the proposed Borrowing Date in the case of a LIBOR Bid Loan Request and on the proposed Borrowing Date in the case of a Fixed Rate
Bid Loan Request, notify each Bank which has made such an offer, of the aggregate amount of such Bid Loans to be made on such Borrowing Date for each maturity date and of the acceptance of any offers for each maturity date to make such Bid Loans
made by such Bank. Each Bank which is to make a Bid Loan shall, before 12:00 noon (New York City time) on the Borrowing Date specified in the Bid Loan Request applicable thereto, make available to the Administrative Agent at its office set
forth in subsection 9.2 the amount of such Bank’s Bid Loans, in immediately available funds. The Administrative Agent will make such funds available to the Company as soon as practicable on such date at the Administrative Agent’s
aforesaid address. 
 (vii) Each Bid Loan shall be evidenced by a promissory note of the Company, substantially in the form of
Exhibit E, with appropriate insertions (a “Bid Note”), payable to the order of the applicable Bank and representing the obligation of the Company to pay the unpaid principal amount of all Bid Loans made by such Bank, and to pay
interest thereon as prescribed in subsection 2.18(e). Each such Bank is hereby authorized to record the date and amount of each Bid Loan made by such Bank, the maturity date thereof, the date and amount of each payment of principal thereof and
the interest rate with respect thereto on the schedule annexed to and constituting part of its Bid Note or in the books and records of such Bank in such manner as is reasonable and customary, and any such recordation shall constitute prima facie
evidence of the accuracy of the information so recorded, provided that the failure to make any such 

  

 34 

 
recordation shall not affect the obligations of the Company hereunder or under any Bid Note. Each Bid Note shall be dated the Closing Date and each Bid Loan
evidenced thereby shall bear interest for the period from and including the Borrowing Date thereof on the unpaid principal amount thereof from time to time outstanding at the applicable rate per annum determined as provided in, and such interest
shall be payable as specified in, subsection 2.18(e). 
 (c) Within the limits and on the conditions set forth in this
subsection 2.18, the Company may from time to time borrow under this subsection 2.18, repay pursuant to paragraph (d) below, and reborrow under this subsection 2.18. 
 (d) The Company shall repay to the Administrative Agent for the account of each Bank which has made a Bid Loan on the maturity date of
each Bid Loan (such maturity date being that specified by the Company for repayment of such Bid Loan in the related Bid Loan Request) the then unpaid principal amount of such Bid Loan. The Company shall not have the right to prepay any principal
amount of any Bid Loan without the prior written consent of the applicable Bank then making such Bid Loan. 
 (e) The Company
shall pay interest on the unpaid principal amount of each Bid Loan from the date of such Bid Loan to the stated maturity date thereof, at the rate of interest for such Bid Loan determined pursuant to paragraph (b) above (calculated on the basis
of a 360 day year for actual days elapsed), payable on the Interest Payment Date specified by the Company for such Bid Loan in the related Bid Loan Request as provided in the Bid Note evidencing such Bid Loan. 
 2.19 Swing Line Commitments. 
 (a) Subject to the terms and conditions hereof, the Swing Line Bank hereby agrees to make swing line loans to the Company (individually, a “Committed Swing Line Loan”; collectively the “Committed Swing Line
Loans”; or the “Swing Line Loans”) from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding not to exceed the Swing Line Commitment; provided that the aggregate unpaid
principal amount of all Swing Line Loans, together with the aggregate unpaid principal amount of all Revolving Credit Loans, LOC Obligations and all Bid Loans at any one time outstanding, may not exceed the aggregate amount of the Commitments.
Amounts borrowed by the Company under this subsection 2.19 may be repaid and, through but excluding the Termination Date, reborrowed. All Committed Swing Line Loans shall be made as ABR Loans and may not be converted into Eurodollar Loans. Each
borrowing of Swing Line Loans shall be in an amount equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof. The Company shall give the Administrative Agent (which shall promptly notify the Swing Line Bank) irrevocable notice (which
notice must be received by the Administrative Agent prior to 2:00 P.M., New York City time) on the requested Borrowing Date specifying the amount of the requested Committed Swing Line Loan to be made by the Swing Line Bank. The proceeds of each
Committed Swing Line Loan shall be made available by the Swing Line Bank to the Administrative Agent for the account of the Company at the applicable office of the Administrative Agent specified prior to 4:30 p.m. on the requested Borrowing
Date. 
  

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 (b) The Swing Line Loans made by the Swing Line Bank to the Company shall be evidenced by
a promissory note of the Company substantially in the form of Exhibit I, with appropriate insertions (the “Swing Line Note”), payable to the order of the Swing Line Bank and representing the obligation of the Company to pay the
unpaid principal amount of the Swing Line Loans made to the Company, with interest thereon as prescribed in subsection 2.9. The Swing Line Bank is hereby authorized to record the Borrowing Date, the amount of each Swing Line Loan made to the
Company and the date and amount of each payment or prepayment of principal thereof, on the schedule annexed to and constituting a part of its Swing Line Note (or any continuation thereof) and any such recordation shall constitute prima facie
evidence of the accuracy of the information so recorded. Each Swing Line Note shall (a) be dated the Closing Date, (b) be stated to mature on the Termination Date and (c) bear interest for the period from the date thereof to the
Termination Date on the unpaid principal amount thereof from time to time outstanding at the applicable interest rate per annum determined as provided in, and payable as specified in, subsection 2.9. 
 (c) In the event that the Company has not notified the Administrative Agent of its intent to repay the Swing Line Loans made on any
Borrowing Date by 12:00 noon New York City time on the Business Day immediately following such Borrowing Date and has not in fact repaid such Swing Line Loans (including accrued interest thereon) in full by such time, the Company shall be
deemed to have made an irrevocable request to the Administrative Agent under subsection 2.3 (which for purposes of this subsection shall be deemed to be timely and sufficient) for a borrowing on such date of Revolving Credit Loans that are ABR
Loans in an aggregate amount equal to the then unpaid aggregate principal amount of such Swing Line Loans made to the Company. The proceeds of such Revolving Credit Loans shall be immediately applied to repay such Swing Line Loans. 
 (d) In the event that for any reason whatsoever (including, without limitation, the occurrence of an event specified in paragraph (g)
of Section 7 with respect to the Company), the procedures set forth in the foregoing paragraph (c) are not followed, each Bank shall, upon notice from the Administrative Agent, promptly purchase from the Swing Line Bank participations in
(or, if and to the extent specified by the Swing Line Bank, a direct interest in) the Swing Line Loans made by the Swing Line Bank (collectively, the “Unrefunded Swing Line Loans”) in an aggregate amount equal to the amount of the
Revolving Credit Loan it would have been obligated to make pursuant to the procedures set forth in the foregoing paragraph (c). 
 (e) Each Bank shall, not later than 4:00 P.M. New York City time on the Business Day on which such notice is received (if such notice is received by 2:15 P.M. New York City time) or 9:00 A.M. New York City time on the next
succeeding Business Day (if such notice is received after 2:15 P.M. New York City time), make available the amount of the Revolving Credit Loan to be made by it (or the amount of the participations or direct interests to be purchased by it, as
the case may be) to the 

  

 36 

 
Administrative Agent at the applicable office of the Administrative Agent specified in subsection 9.2 and the amount so received by the Administrative
Agent shall promptly be made available to the Swing Line Bank by remitting the same, in immediately available funds, to the Swing Line Bank, in accordance with the provisions of paragraph (g) below. 
 (f) Whenever, at any time after the Swing Line Bank has received from any Bank such Bank’s participating interest in an Unrefunded
Swing Line Loan pursuant to paragraph (d) above, the Swing Line Bank receives any payment on account thereof, the Swing Line Bank will distribute to such Bank its participating interest in such amount (appropriately adjusted in the case of
interest payments, to reflect the period of time during which such Bank’s participating interest was outstanding and funded); provided, however, that in the event that such payment received by the Swing Line Bank is required to be returned,
such Bank will return to the Swing Line Bank any portion thereof previously distributed by the Swing Line Bank to it. 
 (g)
All payments (including prepayments) to be made by the Company hereunder and under the Swing Line Notes, whether on account of principal, interest, fees or otherwise, shall be made without set off, counterclaim or any other deduction whatsoever and
shall be made prior to 1:00 P.M., New York City time, on the due date thereof to the Administrative Agent, for the account of the Swing Line Bank, at the Administrative Agent’s office specified in subsection 9.2, in Dollars and in
immediately available funds, and upon receipt by the Administrative Agent of any payment made by the Company in accordance with the terms of this Agreement and the Swing Line Notes, the Company shall have satisfied its payment obligation with
respect to the obligation on account of which such payment was made. Any such payment made at or after 1:00 P.M. New York City time, on any day shall be deemed made on the following Business Day. The Administrative Agent shall distribute such
payments to the Swing Line Bank promptly upon receipt in like funds as received. If any payment hereunder becomes due and payable on a day other than a Business Day, such payment shall be extended to the next succeeding Business Day, and, with
respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension. 
 (h)
Anything in this Agreement to the contrary notwithstanding (including, without limitation, in subsection 4.2), the obligation of each Bank to make its Revolving Credit Loan (or purchase its participation or direct interest in such Swing Line Loan,
as the case may be) pursuant to this subsection 2.19 is unconditional under any and all circumstances whatsoever and shall not be subject to set-off, counterclaim or defense to payment that such Bank may have or have had against the Company, the
Administrative Agent, the Swing Line Bank or any other Bank and, without limiting any of the foregoing, shall be unconditional irrespective of (i) occurrence of any Default or Event of Default, (ii) the financial condition of the Company,
any Affiliate, the Administrative Agent, the Swing Line Bank or any other Bank or (iii) the termination or cancellation of the Commitments. The Company agrees that any Bank so purchasing a participation (or direct interest) in such Swing Line
Loan may exercise all rights of set-off, bankers’ lien, counter claim or similar rights with respect to such participation as fully as if such Bank were a direct holder of a Swing Line Loan in the amount of such participation. 
  

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 2.20 Increase of Commitments. 
 (a) At the request of the Company to the Administrative Agent, the aggregate Commitments hereunder may be increased after the Closing Date
on one or more occasions by not more than $500,000,000 provided that (i) each such increase is in a minimum amount of $50,000,000 and $10,000,000 increments in excess thereof, (ii) the sum of the aggregate Commitments hereunder shall not
exceed $2,000,000,000 after giving effect to such increases, (iii) each Bank whose Commitment is increased consents, (iv) the consent of the Administrative Agent is obtained, (v) no Default or Event of Default shall have occurred and
be continuing, (vi) each of the representations and warranties made on the Closing Date are true and correct in all material respects on and as of the date of such increase and (vii) if, after giving effect to such increase, the sum of the
aggregate Commitments hereunder shall exceed $1,500,000,000, the approval of the Board of Directors of the Company, or a properly empowered committee of such Board, shall be obtained. 
 (b) In the event that the Company and one or more of the Banks (or other financial institutions which may elect to participate with the
consent of the Administrative Agent) shall agree, in accordance with Section 2.20(a), upon such an increase in the aggregate Commitments, the Company, the Administrative Agent and each financial institution in question shall enter into a
Commitment Increase Supplement (a form of which is attached hereto as Exhibit J) setting forth the amounts of the increase in Commitments and providing that the additional financial institutions participating shall be deemed to be included as Banks
for all purposes of this Agreement. Upon the execution and delivery of such Commitment Increase Supplement as provided above, and upon satisfaction of such other conditions as the Administrative Agent may specify (including the delivery of
certificates and legal opinions on behalf of the Company relating to the amendment and new Notes), this Agreement shall be deemed to be amended accordingly. 
 (c) No Bank shall have any obligation to increase its Commitment in the event of such a request by the Company hereunder. 
 2.21 Payment in Full at Maturity. The Company shall pay to the Administrative Agent, for the account of each Bank, the entire outstanding
principal amount owing under the Agreement or under any Notes, together with accrued but unpaid interest and all other sums owing under the Agreement, on the Termination Date unless accelerated sooner pursuant to Section 7. 
 2.22 Letter of Credit Subfacility. 
 (a) Issuance. Subject to the terms and conditions hereof and of the LOC Documents, if any, and any other terms and conditions which the Issuing Lenders may reasonably require, during the Commitment Period the
Issuing Lenders shall issue, and the Banks shall participate in, Letters of Credit for the account of the Company from time to time upon request in a form acceptable to the applicable Issuing Lender; provided, however, that
(i) the aggregate amount of LOC Obligations shall not at any time exceed 

  

 38 

 
$250,000,000 (the “LOC Committed Amount”), (ii) the aggregate amount of LOC Obligations in respect of Letters of Credit issued by any
Issuing Lender shall not exceed the LOC Commitment of such Issuing Lender, (iii) the Dollar Amount (determined as of the most recent Revaluation Date) of outstanding Revolving Credit Loans plus outstanding Swing Line Loans plus
outstanding Bid Loans plus outstanding LOC Obligations shall not exceed the aggregate amount of the Commitments at such time, (iv) Letters of Credit shall be issued for lawful corporate purposes and may be issued as standby letters of
credit and (v) all Letters of Credit shall be denominated in Dollars or Foreign Currency. Except as otherwise expressly agreed upon by all the Banks, no Letter of Credit shall have an original expiry date more than twelve (12) months from
the date of issuance; provided, however, subject to the other terms and conditions to the issuance of Letters of Credit hereunder, the expiry dates of Letters of Credit may be extended annually or periodically from time to time on the
request of the Company or by operation of the terms of the applicable Letter of Credit to a date not more than twelve (12) months from the date of extension; provided, further, that no Letter of Credit, as originally issued or as
extended, shall have an expiry date extending beyond the date that is thirty (30) days prior to the Termination Date. Each Letter of Credit shall comply with the related LOC Documents. The issuance and expiry date of each Letter of Credit shall
be a Business Day. Any Letters of Credit issued hereunder shall be in a minimum original face amount of $50,000. 
 (b)
Notice and Reports. The request for the issuance of a Letter of Credit shall be submitted to the applicable Issuing Lender at least five (5) Business Days prior to the requested date of issuance. Each Issuing Lender will promptly, upon
the issuance, amendment or expiration of any Letter of Credit, or upon request, provide to the Administrative Agent for dissemination to the Banks a detailed report specifying the Letters of Credit which are then issued and outstanding and any
activity with respect thereto which may have occurred since the date of any prior report, and including therein, among other things, the account party, the beneficiary, the face amount, expiry date as well as any payments or expirations which may
have occurred. Each Issuing Lender will further provide to the Administrative Agent promptly upon request copies of the Letters of Credit. Each Issuing Lender will provide to the Administrative Agent promptly upon request a summary report of the
nature and extent of LOC Obligations then outstanding. 
 (c) Participations. Each Bank, upon issuance of a Letter of
Credit, shall be deemed to have purchased without recourse a risk participation from the applicable Issuing Lender in such Letter of Credit and the obligations arising thereunder and any collateral relating thereto, in each case in an amount equal
to its Commitment Percentage of the obligations under such Letter of Credit and shall absolutely, unconditionally and irrevocably assume, as primary obligor and not as surety, and be obligated to pay to the applicable Issuing Lender therefor and
discharge when due, its Commitment Percentage of the obligations arising under such Letter of Credit. Without limiting the scope and nature of each Bank’s participation in any Letter of Credit, to the extent that an Issuing Lender has not been
reimbursed as required hereunder or under any LOC Document, each such Bank shall pay to such Issuing Lender its Commitment Percentage of such unreimbursed drawing in same day funds on the day of notification by such Issuing Lender of an unreimbursed
drawing pursuant to and in accordance with the provisions of 

  

 39 

 
subsection (d) hereof if such notice is received at or before 2:00 P.M. (New York City time), otherwise such payment shall be made at or before
12:00 Noon (New York City time) on the Business Day next succeeding the day such notice is received. The obligation of each Bank to so reimburse the Issuing Lenders shall be absolute and unconditional and shall not be affected by the occurrence
of a Default, an Event of Default or any other occurrence or event. Any such reimbursement shall not relieve or otherwise impair the obligation of the Company to reimburse the Issuing Lenders under any Letter of Credit, together with interest as
hereinafter provided. 
 (d) Reimbursement. In the event of any drawing under any Letter of Credit, the applicable
Issuing Lender will promptly notify the Company and the Administrative Agent. The Company shall reimburse the applicable Issuing Lender on the day of drawing under any Letter of Credit (with the proceeds of a Revolving Credit Loan obtained hereunder
or otherwise) in same day funds as provided herein or in the LOC Documents. If the Company shall fail to reimburse such Issuing Lender as provided herein, the unreimbursed Dollar Amount of such drawing shall bear interest at a per annum rate equal
to the ABR plus two percent (2%) for so long as such amount shall be unreimbursed. Unless the Company shall immediately notify the applicable Issuing Lender and the Administrative Agent of its intent to otherwise reimburse such Issuing Lender,
the Company shall be deemed to have requested a LOC Mandatory Borrowing in the amount of the drawing as provided in subsection (f) hereof, the proceeds of which will be used to satisfy the reimbursement obligations. Each Issuing Lender will
promptly notify the other Banks of the amount of any unreimbursed drawing and each Bank shall promptly pay to the Administrative Agent for the account of the applicable Issuing Lender in Dollars and in immediately available funds, the amount of such
Bank’s Commitment Percentage of such unreimbursed drawing. Such payment shall be made on the day such notice is received by such Bank from such Issuing Lender if such notice is received at or before 2:00 P.M. (New York City time),
otherwise such payment shall be made at or before 12:00 Noon (New York City time) on the Business Day next succeeding the day such notice is received. If such Bank does not pay such amount to the applicable Issuing Lender in full upon such
request, such Bank shall, on demand, pay to the Administrative Agent for the account of the applicable Issuing Lender interest on the unpaid amount during the period from the date of such drawing until such Bank pays such amount to such Issuing
Lender in full at a rate per annum equal to, if paid within two (2) Business Days of the date of drawing, the Federal Funds Effective Rate and thereafter at a rate equal to the ABR. Each Bank’s obligation to make such payment to the
Issuing Lenders, and the right of each Issuing Lender to receive the same, shall be absolute and unconditional, shall not be affected by any circumstance whatsoever and without regard to the termination of this Agreement or the Commitments
hereunder, the existence of a Default or Event of Default or the acceleration of the Obligations hereunder and shall be made without any offset, abatement, withholding or reduction whatsoever. 
 (e) Repayment Obligation Absolute. The Company’s reimbursement obligations hereunder relating to any Letter of Credit shall be
absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including, without limitation, the following circumstances (it 

  

 40 

 
being understood that any such payment by the Company is without prejudice to, and does not constitute a waiver of, any rights the Company might have or
might acquire as a result of the payment by any Issuing Lender or any Bank of any draft or the reimbursement by the Company thereof): 
 (i) any lack of validity or enforceability of this Agreement, any Note, any Letter of Credit or any other agreement or instrument relating thereto (all of the foregoing being, collectively, the “L/C Related
Documents”); 
 (ii) any change in the time, manner or place of payment of, or in any other term of, all or any of
the obligations of the Company in respect of any L/C Related Document or any other amendment or waiver of or any consent to departure from all or any of the L/C Related Documents; 
 (iii) the existence of any claim, set-off, defense or other right that the Company may have at any time against any beneficiary or any
transferee of a Letter of Credit (or any Persons for which any such beneficiary or any such transferee may be acting), any Issuing Lender, the Administrative Agent, any Bank or any other Person, whether in connection with the transactions
contemplated by the L/C Related Documents or any unrelated transaction; 
 (iv) any statement or any other document presented
under a Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; 
 (v) payment by any Issuing Lender under a Letter of Credit against presentation of a draft or certificate that does not strictly comply
with the terms of such Letter of Credit; 
 (vi) any exchange, release or non-perfection of any collateral, or any release or
amendment or waiver of or consent to departure from any guarantee, for all or any of the Obligations of the Company in respect of the L/C Related Documents; or 
 (vii) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including, without limitation, any
other circumstance that might otherwise constitute a defense available to, or a discharge of, the Company or a guarantor. 
 (f) Repayment with Revolving Credit Loans. On any day on which the Company shall have requested, or been deemed to have requested, a Revolving Credit Loan to reimburse a drawing under a Letter of Credit, the Administrative Agent
shall give notice to the Banks that a Revolving Credit Loan has been requested or deemed requested in connection with a drawing under a Letter of Credit, in which case a Revolving Credit Loan borrowing comprised entirely of ABR Loans (each such
borrowing, a “LOC Mandatory Borrowing”) shall be immediately made (without giving effect to any termination of the Commitments pursuant to Section 7) pro rata based on each Bank’s respective Commitment Percentage
(determined before giving effect to any termination of the Commitments pursuant to Section 7). The proceeds of such LOC 

  

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Mandatory Borrowing shall be paid directly to the applicable Issuing Lender for application to the respective LOC Obligations. Each Bank hereby irrevocably
agrees to make such Revolving Credit Loans immediately upon any such request or deemed request on account of each LOC Mandatory Borrowing in the amount and in the manner specified in the preceding sentence and on the same such date
notwithstanding (i) the amount of LOC Mandatory Borrowing may not comply with the minimum amount for borrowings of Revolving Credit Loans otherwise required hereunder, (ii) whether any conditions specified in Section 4.2 are
then satisfied, (iii) whether a Default or an Event of Default then exists, (iv) failure for any such request or deemed request for Revolving Credit Loan to be made by the time otherwise required in Section 2.3, (v) the
date of such LOC Mandatory Borrowing, or (vi) any reduction in the aggregate amount of the Commitments after any such Letter of Credit may have been drawn upon; provided, however, that in the event any such LOC Mandatory Borrowing
should be less than the minimum amount for borrowings of Revolving Credit Loans otherwise provided in Section 2.3, the Company shall pay to the Administrative Agent for its own account an administrative fee of $500. In the event that any LOC
Mandatory Borrowing cannot for any reason be made on the date otherwise required above (including, without limitation, as a result of the commencement of a proceeding under the Bankruptcy Code), then each such Bank hereby agrees that it shall
forthwith fund (as of the date the LOC Mandatory Borrowing would otherwise have occurred, but adjusted for any payments received from the Company on or after such date and prior to such purchase) its Participation Interests in the outstanding LOC
Obligations; provided, further, that in the event any Bank shall fail to fund its Participation Interest on the day the LOC Mandatory Borrowing would otherwise have occurred, then the amount of such Bank’s unfunded Participation
Interest therein shall bear interest payable by such Bank to the applicable Issuing Lender upon demand, at the rate equal to, if paid within two (2) Business Days of such date, the Federal Funds Effective Rate, and thereafter at a rate equal to
the ABR. 
 (g) Modification, Extension. The issuance of any supplement, modification, amendment, renewal, or extension
to any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder. 
 (h) Letter of Credit Governing Law. Unless otherwise expressly agreed by the applicable Issuing Lender and the Company when a Letter of Credit is issued, the rules of “International Standby Practices
1998,” as most recently published by the Institute of International Banking Law & Practice at the time of issuance, shall apply to each standby Letter of Credit. 
 2.23 Indemnification; Nature of Issuing Lender’s Duties. 
 (a) In addition to its other obligations under Section 2.22, the Company hereby agrees to protect, indemnify, pay and save each
Issuing Lender harmless from and against any and all claims, demands, liabilities, damages, losses, costs, charges and expenses (including reasonable attorneys’ fees) that any Issuing Lender may incur or be subject to as a consequence, direct
or indirect, of (i) the issuance of any Letter of Credit on behalf such Company or (ii) the failure of an Issuing Lender to honor a drawing under a Letter of Credit issued on behalf of the Company as a result of any act or omission,

  

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whether rightful or wrongful, of any present or future de jure or de facto government or Governmental Authority (all such acts or omissions, herein called
“Government Acts”). 
 (b) As between the Company and the Issuing Lenders, the Company shall assume all risks
of the acts, omissions or misuse of any Letter of Credit by the beneficiary thereof. No Issuing Lender shall be responsible: (i) for the form, validity, sufficiency, accuracy, genuineness or legal effect of any document submitted by any party
in connection with the application for and issuance of any Letter of Credit, even if it should in fact prove to be in any or all respects invalid, insufficient, inaccurate, fraudulent or forged; (ii) for the validity or sufficiency of any
instrument transferring or assigning or purporting to transfer or assign any Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, that may prove to be invalid or ineffective for any reason; (iii) for
failure of the beneficiary of a Letter of Credit to comply fully with conditions required in order to draw upon a Letter of Credit; (iv) for errors, omissions, interruptions or delays in transmission or delivery of any messages, by mail, cable,
telegraph, telex or otherwise, whether or not they be in cipher; (v) for errors in interpretation of technical terms; (vi) for any loss or delay in the transmission or otherwise of any document required in order to make a drawing under a
Letter of Credit or of the proceeds thereof; and (vii) for any consequences arising from causes beyond the control of the applicable Issuing Lender, including, without limitation, any Government Acts. None of the above shall affect, impair, or
prevent the vesting of the Issuing Lenders’ rights or powers hereunder. 
 (c) In furtherance and extension and not in
limitation of the specific provisions hereinabove set forth, any action taken or omitted by an Issuing Lender, under or in connection with any Letter of Credit or the related certificates, if taken or omitted in the absence of gross negligence or
willful misconduct, shall not put such Issuing Lender under any resulting liability to the Company. It is the intention of the parties that this Agreement shall be construed and applied to protect and indemnify the Issuing Lenders against any and
all risks involved in the issuance of the Letters of Credit, all of which risks are hereby assumed by the Company, including, without limitation, any and all risks of the acts or omissions, whether rightful or wrongful, of any Government Authority.
No Issuing Lender shall, in any way, be liable for any failure by an Issuing Lender or anyone else to pay any drawing under any Letter of Credit as a result of any Government Acts or any other cause beyond the control of such Issuing Lender.
Notwithstanding anything to the contrary herein, the Company shall have a claim against any Issuing Lender and such Issuing Lender shall be liable to the Company, to the extent of any direct, but not consequential, damages suffered by the Company
that the Company proves were caused by (i) such Issuing Lender’s willful misconduct or gross negligence in determining whether documents presented under any Letter of Credit comply with the terms of the Letter of Credit or (ii) such
Issuing Lender’s willful failure to make lawful payment under a Letter of Credit after the presentation to it of a draft and certificates strictly complying with the terms and conditions of the Letter of Credit. In furtherance and not in
limitation of the foregoing, such Issuing Bank may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary. 
  

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 (d) Except as provided in subsection (e) below, nothing in this Section 2.23 is
intended to limit the Reimbursement Obligation of the Company contained in Section 2.22(d) hereof. The obligations of the Company under this Section 2.23 shall survive the termination of this Agreement. No act or omissions of any current
or prior beneficiary of a Letter of Credit shall in any way affect or impair the rights of the Issuing Lenders to enforce any right, power or benefit under this Agreement. 
 (e) Notwithstanding anything to the contrary contained in this Section 2.20 the Company shall have no obligation to indemnify an
Issuing Lender in respect of any liability incurred by such Issuing Lenders arising out of the gross negligence or willful misconduct of such Issuing Lender (including action not taken by such Issuing Lender), as determined by a court of competent
jurisdiction. 
 2.24 Defaulting Banks. 
 (a) In the event that, at any one time (i) any Bank shall be a Defaulting Bank, (ii) such Defaulting Bank shall owe a Defaulted Loan to the Company and (iii) the Company shall be required to make any
payment hereunder to or for the account of such Defaulting Bank, then the Company may, so long as no Event of Default shall occur or be continuing at such time and to the fullest extent permitted by applicable law, set off and otherwise apply the
obligations of the Company to make such payment to or for the account of such Defaulting Bank against the obligation of such Defaulting Bank to make such Defaulted Loan. In the event that, on any date, the Company shall so set off and otherwise
apply its obligation to make any such payment against the obligation of such Defaulting Bank to make any such Defaulted Loan on or prior to such date, the amount so set off and otherwise applied by the Company shall constitute for all purposes of
this Agreement a Loan by such Defaulting Bank made on the date of such setoff under the provision hereof pursuant to which such Defaulted Loan was originally required to have been made. Such Loan shall be considered, for all purposes of this
Agreement, to comprise part of the Loan in connection with which such Defaulted Loan was originally required to have been made. The Company shall notify the Administrative Agent at any time the Company exercises its right of set-off pursuant to this
subsection (a) and shall set forth in such notice (A) the name of the Defaulting Bank and the Defaulted Loan required to be made by such Defaulting Bank and (B) the amount set off and otherwise applied in respect of such Defaulted
Loan pursuant to this subsection (a). Any portion of such payment otherwise required to be made by the Company to or for the account of such Defaulting Bank which is paid by the Company, after giving effect to the amount set off and otherwise
applied by the Company pursuant to this subsection (a), shall be applied by the Administrative Agent as specified in subsection (b) of this Section 2.24. 
 (b) In the event that, at any one time, (i) any Bank shall be a Defaulting Bank, (ii) such Defaulting Bank shall owe a Defaulted
Amount to the Administrative Agent or any of the other Banks and (iii) the Company shall make any payment hereunder to the Administrative Agent for the account of such Defaulting Bank, then the Administrative Agent may, on its behalf or on
behalf of such other Bank and to the fullest extent permitted by applicable law, apply at such time the amount so paid by the Company to or for the account of such Defaulting Bank to the payment of each such Defaulted Amount 

  

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to the extent required to pay such Defaulted Amount. In the event that the Administrative Agent shall so apply any such amount to the payment of any such
Defaulted Amount on any date, the amount so applied by the Administrative Agent shall constitute for all purposes of this Agreement payment, to such extent, of such Defaulted Amount on such date. Any such amount so applied by the Administrative
Agent shall be retained by the Administrative Agent or distributed by the Administrative Agent to such other Banks in the following order of priority: 
 first, to the Administrative Agent for any Defaulted Amounts then owing to it, in its capacity as such, ratably in accordance with such Defaulted Amounts then owing to the Administrative Agent; 
 second, to the Issuing Banks and the Swing Line Bank for any Defaulted Amounts then owing to them, in their capacities as such, ratably in
accordance with such respective Defaulted Amounts then owing to the Issuing Banks and the Swing Line Bank; and 
 third, to any Bank
for any Defaulted Amounts then owing to such Bank, ratably in accordance with such respective Defaulted Amounts then owing to such Bank. 
 (c) The rights and remedies against a Defaulting Bank under this Section 2.24 are in addition to other rights and remedies that the Company may have against such Defaulting Bank with respect to any Defaulted Loan
and that the Administrative Agent or any Bank may have against such Defaulting Bank with respect to any Defaulted Amount. 
 SECTION 3

 REPRESENTATIONS AND WARRANTIES 
 To induce the Banks to enter into this Agreement and to make the Loans the Company hereby represents and warrants to the Administrative Agent and each Bank as of the Closing Date and as of the date of each Extension
of Credit that: 
 3.1 Financial Condition. The combined financial statements of the Company and its Subsidiaries delivered to the
Administrative Agent in connection with this Agreement, including the audited financial statement for the fiscal year ended December 31, 2005 and the unaudited pro forma financial statements included in the Western Union Form 10 (the
“Spin-Off Financial Statements”), copies of which have heretofore been furnished to each Bank, present fairly the combined financial condition of the Company and its Subsidiaries as of the dates and for the periods indicated,
subject to the qualifications with respect to the pro forma financial statements set forth therein. Neither the Company nor any of its Subsidiaries had, at the date of the most recent balance sheet referred to above, any guarantee obligation,
contingent liability or liability for taxes, or any long-term lease or unusual forward or long-term commitment, including, without limitation, any interest rate or foreign currency swap or exchange transaction, which is not reflected in the
foregoing statements or in the notes thereto and which, to the best of the Company’s knowledge, would have a Material Adverse Effect. 
  

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 3.2 No Change. Except as disclosed in the Western Union Form 10 (or in any Form 10-Q, 8-K or other
public filing of the Company with the Securities Exchange Commission filed after date thereof but prior to the Closing Date), during the period from date of the Spin-Off Financial Statements to and including the Closing Date, no change, or
development or event involving a prospective change, has occurred which has had or could reasonably be expected to have a Material Adverse Effect; provided, however that the foregoing representation is made solely as of the Closing Date and on the
date of any commitment increase pursuant to Section 2.20. 
 3.3 Corporate Existence; Compliance with Law. Each of the Company
and its Significant Subsidiaries (a) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, except to the extent that, in the aggregate, the failure of any such Subsidiaries to be duly
organized, validly existing or in good standing would not have a Material Adverse Effect, (b) has the corporate (or other) power and authority, and the legal right, to own and operate its property, to lease the property it operates as lessee
and to conduct the business in which it is currently engaged, except to the extent that, in the aggregate, the failure of any such Subsidiaries to have any such power, authority or legal right would not have a Material Adverse Effect, (c) is
duly qualified and in good standing under the laws of each jurisdiction where its ownership, lease or operation of property or the conduct of its business requires such qualification except to the extent that, in the aggregate, the failure of the
Company and its Subsidiaries to so qualify or be in good standing would not have a Material Adverse Effect, and (d) is in compliance with all Requirements of Law except to the extent that, in the aggregate, the failure of the Company and its
Subsidiaries to comply therewith would not have a Material Adverse Effect. 
 3.4 Corporate Power; Authorization; Enforceable
Obligations. The Company has the corporate power and authority, and the legal right, to make, deliver and perform this Agreement and the Notes and to borrow hereunder and has taken all necessary corporate action to authorize its Obligations on
the terms and conditions of this Agreement and the Notes and to authorize the execution, delivery and performance of this Agreement and the Notes. No consent or authorization of, filing with or other act by or in respect of, any Governmental
Authority or any other Person (except as have been obtained or made) is required in connection with the borrowings hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or the Notes. This Agreement has
been, and each Note will be, duly executed and delivered on behalf of the Company. This Agreement constitutes, and each Note when executed and delivered will constitute, a legal, valid and binding obligation of the Company enforceable against the
Company in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable
principles (whether enforcement is sought by proceedings in equity or at law). 
 3.5 No Legal Bar. The execution, delivery and
performance of this Agreement and the Notes, the Obligations hereunder and the use of the proceeds thereof will not violate any Requirement of Law or Contractual Obligation of the Company or of any of its Subsidiaries and will not result in, or
require, the creation or imposition of any Lien on any of its or their respective properties or revenues pursuant to any such Requirement of Law or Contractual Obligation. 
  

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 3.6 No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator
or Governmental Authority is pending or, to the knowledge of the Company, threatened by or against the Company or any of its Subsidiaries or against any of its or their respective properties or revenues which (a) except as listed on Schedule
3.6 or disclosed in the Western Union Form 10 (or in any subsequent filing of the Company with the Securities and Exchange Commission made prior to the Closing Date), on the Closing Date and on the date of any commitment increase pursuant to
Section 2.20, would have a Material Adverse Effect or (b) would have a material adverse effect on the validity or enforceability of this Agreement or any of the Notes or the rights or remedies of the Administrative Agent or the Banks
hereunder or thereunder, provided, however that the representation in clause (a) of this Section 3.6 is made solely as of the Closing Date and on the date of any commitment increase pursuant to Section 2.20. 
 3.7 No Default. No Default or Event of Default has occurred and is continuing. 
 3.8 Taxes. Each of the Company and its Significant Subsidiaries has filed or caused to be filed all tax returns which, to the knowledge of the
Company, are required to be filed and has paid all material taxes shown to be due and payable on said returns or on any assessments made against it or any of its property and all material other taxes, fees or other charges imposed on it or any of
its property by any Governmental Authority (other than any the amount or validity of which are currently being contested in good faith by appropriate proceedings and with respect to which reserves in conformity with GAAP have been provided on the
books of the Company or its Subsidiaries, as the case may be); on the Closing Date and on the date of any commitment increase pursuant to Section 2.20, no tax Lien has been filed, and, to the knowledge of the Company, no claim is being
asserted, with respect to any such tax, fee or other charge. 
 3.9 Federal Regulations. No part of the proceeds of any Loans or
Letters of Credit will be used for “purchasing” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U or Regulation X of the Board of Governors of the Federal
Reserve System as now and from time to time hereafter in effect if such use would violate, or cause the Loans or the Commitments to be in violation of, the provisions of the Regulations of such Board of Governors. If requested by any Bank or the
Administrative Agent at any time (and in any case prior to or concurrently with the borrowing of any Loan the proceeds of which will be used to purchase or carry margin stock), the Company will furnish to the Administrative Agent and each Bank a
statement to the foregoing effect in conformity with the requirements of FR Form U-1 referred to in said Regulation U. 
 3.10 ERISA.
Except to the extent that all of the following, in the aggregate, would not have a Material Adverse Effect: (i) no Reportable Event has occurred during the five-year period prior to the date on which this representation is made or deemed made
with respect to any Plan, and each Plan has complied in all material respects with the applicable provisions of ERISA and the Code; (ii) the present value of all accrued benefits under each Single Employer Plan maintained by the Company or any
Commonly Controlled Entity (based on those assumptions used to fund the Plans) did not, as of the last annual valuation date prior to the date on which this representation is made or deemed made, exceed the value of the assets of such Plan allocable
to such accrued benefits based upon the actuarial assumptions used by such Plan; (iii) neither the Company nor any Commonly Controlled Entity has or has had any liability or obligation in 

  

 47 

 
respect of any Multiemployer Plan; and (iv) the present value (determined using actuarial and other assumptions which are reasonable in respect of the
benefits provided and the employees participating) of the liability of the Company and each Commonly Controlled Entity for post retirement benefits, if any, to be provided to their current and former employees under Plans which are welfare benefit
plans (as defined in Section 3(1) of ERISA) does not, in the aggregate, exceed the assets under all such Plans or other funding arrangements allocable to such benefits, if any; (v) no application for a minimum funding waiver with respect
to a Plan has been made; and (vi) the PBGC has not instituted proceedings to terminate a Plan pursuant to Section 4042 of ERISA, nor has any event of condition descried in Section 4042 of ERISA that constitutes grounds for the
termination of, or the appointment of a trustee to administer, such Plan occurred. 
 3.11 Investment Company Act. Neither the Company
nor any of its Subsidiaries is subject to registration as an “investment company” or is “controlled” by such a company, within the meaning of the Investment Company Act of 1940, as amended. 
 3.12 Purpose of Loans. The proceeds of the Loans and Letters of Credit shall be used by the Company to refinance existing Indebtedness, to provide
financing for the working capital needs of the Company, to provide back-up and liquidity for the short term Indebtedness of the Company and to provide funds for general corporate purposes, including, without limitation, acquisitions and cash
payments to be made to First Data Corporation in connection with the spin-off of the Company from First Data Corporation as set forth in the Western Union Form 10; provided that, the Company shall not apply proceeds of the Loans and Letters of
Credit, directly or indirectly, in repayment of the Related Financings. 
 3.13 Disclosure. On the Closing Date and on the date of any
commitment increase pursuant to Section 2.20, neither this Agreement, the Notes, nor the Information Materials, taken as a whole with the Western Union Form 10 (or in any subsequent filing of the Company with the Securities and Exchange
Commission made prior to the Closing Date) contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements contained herein or therein, in light of the circumstances in which they were made,
not materially misleading. 
 3.14 Ranking. The Loans shall remain at least pari passu with all other senior unsecured obligations of
the Company. 
 3.15 Compliance with OFAC, FCPA. Company is in material compliance with all applicable United States economic and
trade sanctions, including those administered by the Office of Foreign Asset Control within the United States Department of the Treasury, and the United States Foreign Corrupt Practices Act. 
 3.16 Closing Date Representations and Warranties. The representations and warranties of the Company made in this Agreement on or as of the Closing
Date shall be deemed to be made immediately after giving effect to the spin-off of the Company described in the Western Union Form 10. 
  

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 SECTION 4 
 CONDITIONS PRECEDENT 
 4.1 Conditions to Effectiveness. The agreements of each Bank contained
herein are subject to the satisfaction of the following conditions precedent: 
 (a) Loan Documents. The Administrative Agent
shall have received (i) this Agreement, executed and delivered by a duly authorized officer of the Company, and (ii) for the account of each Bank, a Note conforming to the requirements hereof and executed by a duly authorized officer of
the Company. 
 (b) Corporate Proceedings of the Company. The Administrative Agent shall have received a copy of the
resolutions, in form and substance reasonably satisfactory to the Administrative Agent, of the Board of Directors of the Company authorizing (i) the execution, delivery and performance of this Agreement and the Notes and (ii) the
borrowings contemplated hereunder, certified by the Secretary or an Assistant Secretary of the Company as of the Closing Date, which certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded
and are in full force and effect and shall be in form and substance satisfactory to the Administrative Agent. 
 (c) Corporate
Documents. The Administrative Agent shall have received true and complete copies of the certificate of incorporation and by-laws of the Company, certified as of the Closing Date as complete and correct copies thereof by the Secretary or an Assistant
Secretary of the Company. 
 (d) No Violation. The consummation of the transactions contemplated hereby shall not contravene,
violate or conflict with, nor involve the Administrative Agent or any Bank in any violation of, any Requirement of Law. 
 (e)
Fees. The Administrative Agent shall have received the fees to be received on the Closing Date referred to in subsection 2.4. 
 (f) Legal Opinion. The Administrative Agent shall have received the executed legal opinion of counsel of the Company, substantially in the form of Exhibit C, and the Company hereby instructs its counsel to execute and deliver such opinion
to the Administrative Agent. Such legal opinion shall cover such other matters incident to the transactions contemplated by this Agreement as the Administrative Agent may reasonably require. 
 (g) Litigation. Except as listed on Schedule 3.6 hereto, there shall exist no pending or threatened litigation, bankruptcy or insolvency,
injunction, order or claim which could have a material adverse effect on this Agreement or the Company and its Subsidiaries taken as a whole. 
 (h) Consents and Approvals. All consents and approvals of the boards of directors, shareholders and other applicable third parties necessary in connection with this Agreement shall have been obtained. 
  

 49 

 (i) Material Adverse Change. No material adverse change shall have occurred since the
date of the Spin-Off Financial Statements in the business, assets, liabilities, condition (financial or otherwise) or prospects of the Company and its Subsidiaries taken as a whole. 
 (j) Financial Statements. The Administrative Agent shall have received copies of the financial statements referred to in Section 3.1
hereof, each in form and substance reasonably satisfactory to it. 
 (k) Patriot Act Certificate. The Administrative Agent
shall have received a certificate reasonably satisfactory thereto, for benefit of itself and the Banks, provided by the Company that sets forth information required by the Patriot Act including, without limitation, the identity of the Company, the
name and address of the Company and other information that will allow the Administrative Agent or any Bank, as applicable, to identify such Company in accordance with the Patriot Act (as defined in Section 9.9 hereof). 
 (l) Consummation of Spin-Off. All conditions precedent to the transactions described in the Western Union Form 10 relative to the spin-off
of the Company from First Data Corporation (other than any condition of payment with the proceeds of Loans made hereunder) shall have been satisfied. 
 4.2 Conditions to Each Loan. The agreement of each Bank and each Swing Line Bank to make any Loan (other than the conversion or continuation of any Loan pursuant to subsection 2.7) requested to be made by it on
any date (including, without limitation, its initial Loan) and the agreement of the Issuing Lenders to issue Letters of Credit is subject to the satisfaction of the following conditions precedent: 
 (a) Representations and Warranties. Each of the representations and warranties made by the Company in this Agreement shall be true and
correct in all material respects on and as of such date as if made on and as of such date, both before and after giving effect to the making of such Loans or the issuance of such Letter of Credit (except any representation or warranty relating to or
made expressly as of a specific date shall be true and correct in all material respects solely with respect to and as of such specific date). 
 (b) No Default. No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the Loans requested to be made on such date. 
 (c) Borrowing Certificate. In the case of Revolving Credit Loans, the Administrative Agent shall have received, on or prior to the time
required for its receipt pursuant to subsection 2.3, a Borrowing Certificate with respect to the Loans requested to be made on such date. 
 (d) Bid Loan Confirmation. With respect to any Bid Loan, a Bid Loan Confirmation shall have been delivered in accordance with subsection 2.18(b)(iv). 
  

 50 

 (e) Bid Note. With respect to any Bid Loan, the Company shall have delivered a Bid Note
to the Bank providing such Bid Loan. 
 Each borrowing or request for the issuance of a Letter of Credit by the Company
hereunder shall constitute a representation and warranty by the Company as of the date of such Loan or such issuance that the conditions contained in subsection 4.2(a) and (b) have been satisfied. 
 SECTION 5 
 AFFIRMATIVE COVENANTS

 The Company hereby agrees that, so long as the Commitments remain in effect, any Note or LOC Obligation remains outstanding and unpaid
or any other amount is owing to any Bank or the Administrative Agent hereunder, the Company shall: 
 5.1 Financial Statements.
Furnish to the Administrative Agent (which shall promptly make available to the Banks): 
 (a) as soon as available, but in
any event no later than the earlier of (i) the date that is five days after the Company is required by the SEC to deliver its Form 10-K for any fiscal year of the Company and (ii) 95 days after the end of each fiscal year of the Company, a
copy of the consolidated balance sheet of the Company and its consolidated Subsidiaries as at the end of such year and the related consolidated statements of income and retained earnings and of cash flows for such year, setting forth in each case in
comparative form the figures for the previous year, reported on without a “going concern” or like qualification or exception, or any qualification arising out of the scope of the audit, provided that to the extent different components of
such consolidated financial statements are separately audited by different independent public accounting firms, the audit report of any such accounting firm may contain a qualification or exception as to scope of such consolidated financial
statements by Ernst & Young LLP or other independent certified public accountants of nationally recognized standing not unacceptable to the Majority Banks (it being understood that any of the following accounting firms: Deloitte &
Touche, Ernst & Young LLP, KPMG and PricewaterhouseCoopers shall not be unacceptable to the Banks; and 
 (b) as soon
as available, but in any event not later than the earlier of (i) the date that is five days after the Company is required by the SEC to deliver its Form 10-Q for each of the first three quarterly periods of each fiscal year of the Company and
(ii) 50 days after the end of each of the first three quarterly periods of each fiscal year of the Company, the unaudited consolidated balance sheet of the Company and its consolidated Subsidiaries as at the end of such quarter and the related
unaudited consolidated statements of income and retained earnings and of cash flows of the Company and its consolidated Subsidiaries for such quarter and the portion of the fiscal year through the end of such quarter, setting forth in each case in
comparative form the figures for the previous year, certified by a Responsible Officer as being fairly stated in all material respects (subject to normal year-end audit adjustments); 
  

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 all such financial statements shall be complete and correct in all material respects and shall be prepared in reasonable
detail and in accordance with GAAP applied consistently throughout the periods reflected therein and with prior periods (except as approved by such accountants or officer, as the case may be, and disclosed therein with a reasonable estimate of the
effect on such financial statements on account of such changes in application). 
 5.2 Certificates; Other Information. Furnish to the
Administrative Agent (which shall promptly make available to the Banks): 
 (a) concurrently with the delivery of the
financial statements referred to in subsections 5.1(a) and 5.1(b), a certificate of a Responsible Officer stating that such Officer has obtained no knowledge of any Default or Event of Default that has occurred and is continuing except as specified
in such certificate; 
 (b) promptly upon receipt thereof, copies of the executive summary portion of any final auditor’s
letter or auditor’s report submitted to the Company’s board of directors or any committee thereof relating to internal financial controls of the Company or any Subsidiary; and 
 (c) promptly, such additional financial and other information as any Bank through the Administrative Agent may from time to time
reasonably request. 
 5.3 Conduct of Business and Maintenance of Existence. Continue to engage in business of substantially the same
general type as now conducted by it or any business reasonably ancillary, complementary or related thereto, taken as a whole, and preserve, renew and keep in full force and effect its corporate existence and take such reasonable action to maintain
all rights, privileges and franchises necessary or desirable in the normal conduct of its business except as otherwise permitted pursuant to subsection 6.4; comply with all Contractual Obligations and Requirements of Law except to the extent that
failure to comply therewith would not, in the aggregate, have a Material Adverse Effect. 
 5.4 Inspection of Property; Books, Records and
Discussions. 
 (a) Keep proper books of records and account in which full, true and correct entries in conformity with
GAAP and all Requirements of Law are to be made of all dealings and transactions in relation to its business and activities. 
 (b) Permit representatives of the Administrative Agent and the Banks (other than Excluded Individuals of the Administrative Agent and the Banks) which are not Competitors to visit and inspect at their own expense (unless a Default or Event
of Default has occurred and is continuing, in which case at the Company’s expense) any of its properties and examine and make abstracts from any of its books and records at any reasonable time upon reasonable prior notice to the Company and as
often as may reasonably be desired and to discuss the business, operations, properties and financial and other condition of the Company and its Subsidiaries with officers and employees of the Company and its Subsidiaries and with its independent
certified public accountants, provided that (i) representatives of the Company shall have the opportunity to be present at any meeting with its independent certified public accountants and (ii) the Company 

  

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and its Subsidiaries shall have no obligation to provide access to information which is the subject of a confidentiality agreement between the Company or any
of its Subsidiaries, on the one hand, and a customer of the Company or of any of its Subsidiaries, on the other hand. The Administrative Agent shall endeavor to coordinate such visits by the Banks in order to minimize inconvenience to the Company,
and so long as no Event of Default shall be continuing, such visits shall occur not more frequently than once per fiscal quarter. 
 5.5
Notices. Promptly give notice to the Administrative Agent (and the Administrative Agent shall promptly notify each Bank) of: 
 (a) the occurrence of any Default or Event of Default; 
 (b) the occurrence of a Change of Control; 
 (c) any litigation, investigation or proceeding which would have a Material Adverse Effect; 
 (d) the following events, as soon as possible and in any event within ten Business Days after the Company or any Commonly Controlled
Entity knows or has reason to know thereof: (i) the occurrence or expected occurrence of any Reportable Event with respect to any Plan, the commencement of any obligation to contribute to any Multiemployer Plan by the Company or any Commonly
Controlled Entity, or any withdrawal from, or the termination, Reorganization or Insolvency of any Multiemployer Plan; (ii) the institution of proceedings or the taking of any other action by the PBGC or the Company or any Commonly Controlled
Entity or any Multiemployer Plan with respect to the withdrawal from, or the terminating, Reorganization or Insolvency of, any Plan; (iii) the application for a minimum funding waiver with respect to a Plan has been made; (iv) all of the
requirements for imposition of a lien under Section 302(f) of ERISA have been met with respect to any Plan; and (iv) the adoption of an amendment to a Plan requiring the provision of security to such Plan pursuant to Section 307 of
ERISA; and 
 (e) the use of the proceeds of any Loans for “purchasing” or “carrying” any “margin
stock” within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. 
 Each notice pursuant to this subsection shall be accompanied by a statement of a Responsible Officer setting forth details of the occurrence referred to
therein and stating what action the Company proposes to take with respect thereto. 
 5.6 Covenant to Deliver Guaranty. Upon the date
that is the earlier of (x) 364 days after the incurrence of Indebtedness under the Related Financings by any Subsidiary of the Company and (y) the date on which any of the Related Financings are refinanced by any Subsidiary of the Company,
if the sum (the “Guarantee Triggering Amount”) of (i) the then outstanding aggregate principal amount of Indebtedness under the Related Financings, plus (ii) the then outstanding aggregate principal amount of all other
Indebtedness of any Significant Subsidiary that is subject to limitation under Section 6.1, plus (iii) the aggregate amount of 

  

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indebtedness secured by Liens permitted under Section 6.2(j), plus (iv) the discounted present value of all net rentals payable under leases
covered by Section 6.3(a) (and not expressly excluded therefrom) exceeds the greater of $300,000,000 or 15% of Consolidated Net Worth, then at the Company’s expense, the Company shall: 
 (a) cause each such Subsidiary that has outstanding Indebtedness under the Related Financings (each such Subsidiary, a “Subsidiary
Guarantor”) to duly execute and deliver to the Administrative Agent a guaranty, in form and substance reasonably satisfactory to the Administrative Agent, guaranteeing the Obligations, and 
 (b) within 30 days after such request, deliver to the Administrative Agent, upon the request of the Administrative Agent in its sole
discretion, (i) a certificate attesting to the solvency of such Subsidiary, (ii) a copy of the resolutions of the board of directors of such Subsidiary authorizing the execution, delivery and performance of such guaranty and (iii) a
signed copy of a favorable opinion, addressed to the Administrative Agent and the Banks, Issuing Lenders and the Swing Line Bank, of counsel for such Subsidiary (which may be in-house counsel) reasonably acceptable to the Administrative Agent as to
(A) the matters contained in clause (a) above, (B) such guaranty being legal, valid and binding obligations of such Subsidiary thereto enforceable in accordance with their terms (subject to customary exceptions) and (C) such
other matters as the Administrative Agent may reasonably request. 
 Any guaranty provided pursuant to this Section 5.6 shall be
automatically released upon (i) the sale or other disposition (including by way of consolidation or merger, other than a consolidation or merger into the Company) of any Subsidiary Guarantor or the sale or disposition of the assets as an
entirety or substantially as an entirety of such Subsidiary Guarantor (other than to the Company) otherwise permitted by this Agreement, (ii) the Guarantee Triggering Amount being reduced to equal to or less than the greater of $300,000,000 or
15% of Consolidated Net Worth., or (iii) a consolidation or merger of such Subsidiary Guarantor with or into the Company. 
 SECTION 6

 NEGATIVE COVENANTS 
 The Company hereby agrees that, so long as the Commitments remain in effect, any Note or LOC Obligation remains outstanding and unpaid or any other amount is owing to any Bank or the Administrative Agent hereunder, the Company shall not:

 6.1 Limitation on Significant Subsidiary Indebtedness. Permit any of its Significant Subsidiaries, directly or indirectly, to
create, incur, assume or suffer to exist any Indebtedness (which for purposes of this subsection 6.1 shall include, without duplication, Guarantee Obligations) unless immediately thereafter the aggregate amount of (x) all Indebtedness of
Significant Subsidiaries (excluding (A) any Guarantee Obligations in respect of Indebtedness under this Agreement, (B) the Related Financings (and any Guarantee Obligations in respect thereof) and (C) Indebtedness owed to the Company
or a Significant Subsidiary, including any renewal or replacement of any of the obligations under clauses (A), (B) or (C)), (y)

  

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the aggregate amount of indebtedness secured by Liens permitted under Section 6.2(j) and (z) the discounted present value of all net rentals
payable under leases covered by subsection 6.3(a) (and not expressly excluded therefrom) would not exceed the greater of $300,000,000 or 15% of Consolidated Net Worth; provided, however, that, solely, for the purposes of this covenant, Indebtedness
shall not include indebtedness incurred in connection with (a) overdraft or similar facilities related to settlement, clearing and related activities by a Significant Subsidiary in the ordinary course of business consistent with past practice,
(b) Purchased Receivables Financings, (c) to the extent the same constitutes Indebtedness, obligations in respect of net capital adjustments and/or earn-out arrangements pursuant to a purchase or acquisition otherwise permitted under this
Agreement, (d) obligations under performance bonds, surety bonds and letter of credit obligations to provide security for worker’s compensation claims or other statutory obligations and obligations in respect of bank overdrafts not more
than two days overdue, in each case, incurred in the ordinary course of business, (e) indebtedness owing to insurance companies to finance insurance premiums incurred in the ordinary course of business and (f) Guarantee Obligations with
respect to Indebtedness and other liabilities otherwise permitted under this Agreement; and provided, further, that any Indebtedness of a Person (i) existing at the time such Person becomes a Significant Subsidiary or is merged with or into the
Company or a Significant Subsidiary or other entity or (ii) assumed by the Company or a Subsidiary in connection with the acquisition of all or a portion of the business of such Person, shall not be deemed to be Indebtedness created, incurred,
assumed or guaranteed by a Significant Subsidiary or otherwise deemed to be Indebtedness of a Significant Subsidiary for the purposes of this covenant. 
 6.2 Limitation on Liens. Directly or indirectly, create, incur, assume or suffer to exist, or permit any of its Significant Subsidiaries to create, incur, assume or suffer to exist, any Lien upon any of its
property, assets or revenues, whether now owned or hereafter acquired, except for: 
 (a) any Lien on any property now owned
or hereafter acquired or constructed by the Company or a Subsidiary, or on which property so owned, acquired or constructed is located, which Lien (i) in the case of any property so acquired, existed on such property at the time of acquisition
thereby by the Company or such Subsidiary or (ii) secures or provides for the payment of any part of the purchase or construction price or cost of improvements of such property and was created prior to, contemporaneously with or within 360 days
after, such purchase, construction or improvement (and any replacements or refinancings for such Liens); provided, that (i) if a firm commitment from a bank, insurance company or other lender or investor (not including the Company, a Subsidiary
or an Affiliate of the Company) for the financing of the acquisition or construction of property is made prior to, contemporaneously with or within the 360-day period hereinabove referred to, the applicable Lien shall be deemed to be permitted by
this paragraph (a) whether or not created or assumed within such period, and (ii) each such Lien is not spread to cover any additional property and the amount of Indebtedness secured thereby is not increased; 
 (b) Liens for taxes not yet delinquent or which are being contested in good faith by appropriate proceedings diligently conducted and
adequate reserves with respect 

  

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thereto are maintained on the books of the Company or its Subsidiaries, as the case may be, in conformity with GAAP; 
 (c) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary
course of business; 
 (d) Liens of landlords or of mortgagees of landlords arising by operation of law; 
 (e) pledges, deposits or other Liens in connection with workers’ compensation, unemployment insurance, other social security benefits
or other insurance related obligations (including, without limitation, pledges or deposits securing liability to insurance carriers under insurance or self-insurance arrangements) and Liens on the proceeds of insurance policies created in connection
with any of the foregoing; 
 (f) Liens arising by reason of any judgment, decree or order of any court or other Governmental
Authority, if appropriate legal proceedings which have been duly initiated for the review of such judgment, decree or order, are being diligently prosecuted and have not been finally terminated or the period within which such proceedings may be
initiated shall not have expired; 
 (g) deposits to secure the performance of bids, trade contracts (other than for borrowed
money), leases, statutory obligations, surety and appeal bonds, performance bonds, judgment and like bonds, replevin and similar bonds and other obligations of a like nature incurred in the ordinary course of business; 
 (h) zoning restrictions, easements, rights-of-way, restrictions on the use of property, other similar encumbrances incurred in the
ordinary course of business and minor irregularities of title, which do not materially interfere with the ordinary conduct of the business of the Company and its Subsidiaries taken as a whole; 
 (i) Liens on Purchased Receivables and related assets granted in connection with one or more Purchased Receivables Financings; and

 (j) any Lien not otherwise permitted under this subsection 6.2, provided that the aggregate amount of indebtedness secured
by all such Liens, together with (x) the aggregate principal amount of Subsidiary Indebtedness that is subject to limitation under Section 6.1 and (y) the aggregate sale price of property involved in sale and leaseback transactions
not otherwise permitted except under subsection 6.3(a), does not exceed the greater of $300,000,000 or 15% of Consolidated Net Worth. 
  

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 6.3 Limitation on Sales and Leasebacks. Sell or transfer, or permit any Subsidiary to sell or
transfer, (except to the Company or one or more of its wholly-owned Subsidiaries, or both) any Principal Facility owned by it on the date of this Agreement with the intention of taking back a lease of such property, other than a lease relating to
computer hardware with lease terms of four years or less, unless either: 
 (a) the sum of the aggregate sale price of
property involved in sale and leaseback transactions not otherwise permitted under this subsection plus (x) the aggregate principal amount of Subsidiary Indebtedness subject to limitation under Section 6.1 and (y) the aggregate amount
of indebtedness secured by all mortgages, pledges, liens and encumbrances not otherwise permitted except under subsection 6.2(j) does not exceed the greater of $300,000,000 or 15% of Consolidated Net Worth; or 
 (b) the Company within 120 days after the sale or transfer shall have been made by the Company or by any such Subsidiary applies an amount
equal to the greater of (i) the net proceeds of the sale of the Principal Facility sold and leased back pursuant to such arrangement or (ii) the fair market value of the Principal Facility sold and leased back at the time of entering into
such arrangement (which may be conclusively determined by the Board of Directors of the Company) to the retirement of Funded Indebtedness of the Company; provided, that the amount required to be applied to the retirement of Funded Indebtedness of
the Company pursuant to this clause (b) shall be reduced by the principal amount of any Funded Indebtedness of the Company voluntarily retired by the Company within 120 days after such sale, whether or not any such retirement of Funded
Indebtedness shall be specified as being made pursuant to this clause (b). Notwithstanding the foregoing, no retirement referred to in this clause (b) may be effected by payment at maturity or pursuant to any mandatory sinking fund payment or
any mandatory prepayment provision. 
 6.4 Limitations on Fundamental Changes. Directly or indirectly, sell, assign, lease, transfer
or otherwise dispose of all or substantially all of its assets or consolidate with or merge into any Person or permit any Person to merge into it, provided that the Company may enter into a consolidation or merger with any Person if (i) the
survivor formed by or resulting from such consolidation or merger is the Company and (ii) at the time of such consolidation or merger and immediately after giving effect thereto no Default or Event of Default shall have occurred and be
continuing. 
 6.5 Limitations on Restrictions on Dividends. Permit any Significant Subsidiary exclusively organized under the laws of
the United States of America or any state thereof to enter into any arrangement with any Person which in any way prohibits, limits the amount of or otherwise impairs the declaration or distribution by such Subsidiary of dividends on its Capital
Stock (other than limitations arising under (i) any Requirement of Law, (ii) any agreement or instrument in effect at the time a Person first became a Subsidiary of the Company or the date such agreement or instrument is otherwise assumed
by the Company or any of its Subsidiaries, so long as such agreement or instrument was not entered into solely in contemplation of such Person becoming a Subsidiary of the Company or such assumption, and (iii) any agreement or instrument
entered into in connection with the sale of such Subsidiary) if such arrangement, together with all other similar arrangements, could reasonably be expected to have a Material Adverse Effect. 
 6.6 Financial Covenant. Permit the ratio of (i) combined or consolidated EBITDA of the Company and its Subsidiaries for any period of four
consecutive fiscal quarters for which financial statements have most recently been delivered under Section 5.1 commencing with the fiscal period ending September 30, 2006 to (ii) interest expense during such period in respect of

  

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all Covenant Indebtedness of the Company and its Subsidiaries to be less than 2.00 : 1.00. “Covenant Indebtedness” means all indebtedness
that, in accordance with GAAP, is required to be reflected as a liability on a consolidated balance sheet of the Company and its Subsidiaries. 
 SECTION 7 
 EVENTS OF DEFAULT 
 If any of the following events shall occur and be continuing: 
 (a) The Company shall fail to
pay any principal of any Note when due in accordance with the terms thereof or hereof; or the Company shall fail to reimburse the Issuing Lenders for any LOC Obligations when due in accordance with the terms hereof; or the Company shall fail to pay
any interest on any Note, or any other amount payable hereunder, within three Business Days after any such interest or other amount becomes due in accordance with the terms thereof or hereof; or 
 (b) Any representation or warranty made, or deemed made pursuant to subsection 4.2, by the Company herein or which is contained in any
certificate, document or financial or other statement furnished at any time under or in connection with this Agreement shall prove to have been incorrect in any material respect on or as of the date made or deemed made or furnished; or 

(c) The Company shall default in the observance or performance of any agreement contained in subsection 5.4(b), 5.5(a) or 5.5(b) or
Section 6; or 
 (d) A Change of Control shall occur; or 
 (e) The Company shall default in the observance or performance of any other agreement contained in this Agreement (other than as provided
in paragraphs (a) through (d) of this Section), and such default shall continue unremedied for a period of 30 days after the earlier of written notification to the Company by the Administrative Agent or any Bank or after any Responsible
Officer becomes aware or, with reasonable diligence, would become aware of such default; or 
 (f) The Company or any of its
Significant Subsidiaries shall (i) default in any payment of principal of or interest on any Indebtedness (other than the Notes) or in the payment of any Guarantee Obligation, beyond the period of grace (not to exceed 30 days), if any, provided
in the instrument or agreement under which such Indebtedness or Guarantee Obligation was created, and such default shall be continuing; or (ii) default in the observance or performance of any other agreement or condition relating to any such
Indebtedness or Guarantee Obligation or contained in any instrument or agreement evidencing, securing or relating thereto beyond any applicable period of grace, and such default shall be continuing, or any other event shall occur or condition exist
and be continuing, the effect of which default or other event or condition is to cause, or permit the holders of such Indebtedness or Guarantee Obligation to cause, such Indebtedness to become due or required to be purchased, redeemed or otherwise
defeased prior to its stated maturity or such Guarantee Obligation to become payable, provided that the 

  

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aggregate principal amount of any such Indebtedness and Guarantee Obligations outstanding at such time, when aggregated with the outstanding principal amount
of all other such Indebtedness and Guarantee Obligations in respect of which the Company or any Significant Subsidiary shall have so defaulted or an event shall have occurred or a condition exists as described above, aggregates $100,000,000 or more;
or 
 (g) (i) The Company or any of its Significant Subsidiaries shall commence any case, proceeding or other action
(A) under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it
a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts, or (B) seeking appointment of a receiver, trustee, custodian or
other similar official for it or for all or any substantial part of its assets, or the Company or any of its Significant Subsidiaries shall make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against the
Company or any of its Significant Subsidiaries any case, proceeding or other action of a nature referred to in clause (i) above which (A) results in the entry of an order for relief or any such adjudication or appointment or
(B) remains undismissed, undischarged or unbonded for a period of 60 days; or (iii) there shall be commenced against the Company or any of its Significant Subsidiaries any case, proceeding or other action seeking issuance of a warrant of
attachment, execution, distraint or similar process against all or any substantial part of its assets which results in the entry of an order for any such relief which shall not have been vacated, discharged, or stayed or bonded pending appeal within
60 days from the entry thereof; or (iv) the Company or any of its Significant Subsidiaries shall take any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii), or
(iii) above; or (v) the Company or any of its Significant Subsidiaries shall generally not, or shall be unable to, or shall admit in writing its inability to, pay its debts as they become due; or 
 (h) (i) Any Person shall engage in any “prohibited transaction” (as defined in Section 406 of ERISA or
Section 4975 of the Code) involving any Plan, (ii) any “accumulated funding deficiency” (as defined in Section 302 of ERISA), whether or not waived, shall exist with respect to any Plan, (iii) a Reportable Event shall
occur with respect to, or proceedings shall commence to have a trustee appointed, or a trustee shall be appointed, to administer or to terminate, any Single Employer Plan, which Reportable Event or commencement of proceedings or appointment of a
trustee is, in the reasonable opinion of the Majority Banks, likely to result in the termination of such Plan for purposes of Title IV of ERISA, (iv) any Single Employer Plan shall terminate for purposes of Title IV of ERISA, (v) the
Company or any Commonly Controlled Entity shall, or in the reasonable opinion of the Majority Banks is likely to, incur any liability in connection with a withdrawal from, or the Insolvency or Reorganization of, a Multiemployer Plan or (vi) any
other event or condition shall occur or exist with respect to a Plan; and in each case in clauses (i) through (vi) above, such event or condition, together with all other such events or conditions, if any, would have a Material Adverse
Effect; or 
  

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 (i) The rendering against the Company or any Significant Subsidiary of one or more final
nonappealable judgments, decrees or orders for the payment of money which, either singly or in the aggregate with all other monies in respect of which a final nonappealable judgment, decree or order for payment shall have been rendered against the
Company or any Significant Subsidiary, aggregates $100,000,000 or more, and the continuance of such judgments, decrees or orders unsatisfied and in effect for any period of 30 consecutive days or, in the case of a foreign judgment, decree or order
the enforcement of which is not being sought in the United States, 60 consecutive days without a stay of execution; provided, however, that any such amount shall be calculated after deducting from the sum so payable any amount of such judgment or
order that is covered by a valid and binding policy of insurance in favor of the Company or such Subsidiary from an insurer that is rated at least “A” by A.M. Best Company, which policy covers full payment thereof and which insurer has
been notified, and has not disputed the claim made for payment, of such amount of such judgment or order; 
 then, and in any such event,
(A) if such event is an Event of Default specified in clause (i) or (ii) of paragraph (g) above with respect to the Company, automatically the Commitments and Swing Line Commitments shall immediately terminate and the Loans
hereunder (with accrued interest thereon) and all other amounts owing under this Agreement (including without limitation the maximum amount of all contingent liabilities under Letters of Credit) and the Notes shall immediately become due and
payable, and (B) if such event is any other Event of Default, either or both of the following actions may be taken: (i) with the consent of the Majority Banks, the Administrative Agent may, or upon the request of the Majority Banks, the
Administrative Agent shall, by notice to the Company declare the Commitments and Swing Line Commitments to be terminated forthwith, whereupon the Commitments and Swing Line Commitments shall immediately terminate; and (ii) with the consent of
the Majority Banks, the Administrative Agent may, or upon the request of the Majority Banks, the Administrative Agent shall, by notice of default to the Company, (Y) declare the Loans hereunder (with accrued interest thereon) and all other
amounts owing under this Agreement and the Notes to be due and payable forthwith, whereupon the same shall immediately become due and payable and (Z) direct the Company to pay to the Administrative Agent cash collateral as security for the LOC
Obligations for subsequent drawings under then outstanding Letters of Credit in an amount equal to the maximum amount that may be drawn under Letters of Credit then outstanding, whereupon the same shall immediately become due and payable. Except as
expressly provided above in this Section, presentment, demand, protest and all other notices of any kind are hereby expressly waived. 
 SECTION 8 
 THE ADMINISTRATIVE AGENT 
 8.1 Appointment. Each Bank hereby irrevocably designates and appoints Citibank as the Administrative Agent of such Bank under this Agreement and the Notes and each Bank irrevocably authorizes Citibank, as the
Administrative Agent for such Bank, to take such action on its behalf under the provisions of this Agreement and the Notes and to exercise such powers and perform such duties as are expressly delegated to the Administrative Agent by the terms of
this Agreement and the Notes, together with such other powers as are reasonably incidental thereto. Each Bank acknowledges that the Company may rely on each action taken by the 

  

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Administrative Agent on behalf of the Banks hereunder. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrative Agent
shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Bank, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this
Agreement or the Notes or otherwise exist against the Administrative Agent. 
 8.2 Delegation of Duties. The Administrative Agent may
execute any of its duties under this Agreement and the Notes by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for
the negligence or misconduct of any agents or attorneys in-fact selected by it with reasonable care. Without limiting the foregoing, the Administrative Agent may appoint one of its affiliates as its agent to perform the functions of the
Administrative Agent hereunder relating to the advancing of funds to the Company and distribution of funds to the Banks and to perform such other related functions of the Administrative Agent hereunder as are reasonably incidental to such functions.

 8.3 Exculpatory Provisions. Neither the Administrative Agent nor any of its officers, directors, employees, agents,
attorneys-in-fact or Affiliates shall be (i) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement or the Notes (except for its or such Person’s own gross negligence or
willful misconduct) or (ii) responsible in any manner to any of the Banks for any recitals, statements, representations or warranties made by the Company or any officer thereof contained in this Agreement or in any certificate, report,
statement or other document referred to or provided for in, or received by the Administrative Agent under or in connection with, this Agreement or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of, or the
perfection or priority of any lien or security interest created or purported to be created under or in connection with, this Agreement (except for the Administrative Agent’s due execution and delivery) or the Notes or for any failure of the
Company to perform its obligations hereunder or thereunder. The Administrative Agent shall not be under any obligation to any Bank to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions
of, this Agreement or the Notes or to inspect the properties, books or records of the Company. 
 8.4 Reliance by Administrative Agent.

 (a) The Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any Note,
writing, resolution, notice, consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex or teletype message, statement, order or other document or conversation believed by it to be genuine and correct and to have been signed, sent
or made by the proper Person or Persons and upon advice and statements of legal counsel (including, without limitation, counsel to the Company), independent accountants and other experts selected by the Administrative Agent. The Administrative Agent
may deem and treat the payee of any Note as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent. The Administrative Agent shall be fully
justified in failing or refusing to take any action under this Agreement or the Notes unless it shall first receive such advice or concurrence of the Majority Banks as it deems 

  

 61 

 
appropriate or it shall first be indemnified to its satisfaction by the Banks against any and all liability and expense which may be incurred by it by reason
of taking or continuing to take any such action. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the Notes in accordance with a request of the Majority Banks (or such
other number of Banks as is expressly required hereby), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Banks and all future holders of the Notes. 
 (b) For purposes of determining compliance with the conditions specified in Section 4.1, each Bank that has signed this Agreement
shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Bank. 
 8.5 Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of
Default hereunder unless the Administrative Agent has received notice from a Bank or the Company referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the event
that the Administrative Agent receives such a notice, the Administrative Agent shall give prompt notice thereof to the Banks. The Administrative Agent shall take such action with respect to such Default or Event of Default as shall be reasonably
directed by the Majority Banks; provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with
respect to such Default or Event of Default as it shall deem advisable in the best interests of the Banks. 
 8.6 Non-Reliance on
Administrative Agent and Other Banks. Each Bank expressly acknowledges that neither the Administrative Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates has made any representations or warranties to it
and that no act by the Administrative Agent hereafter taken, including any review of the affairs of the Company, shall be deemed to constitute any representation or warranty by the Administrative Agent to any Bank. Each Bank represents to the
Administrative Agent that it has, independently and without reliance upon the Administrative Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the
business, operations, property, financial and other condition and creditworthiness of the Company and made its own decision to make its Loans hereunder and enter into this Agreement. Each Bank also represents that it will, independently and without
reliance upon the Administrative Agent or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under
this Agreement and the Notes, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Company. Except for notices, reports and other
documents expressly required to be furnished to the Banks by the Administrative Agent hereunder, the Administrative Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the business,
operations, property, condition (financial or otherwise) or creditworthiness of the Company which may come into the possession of the Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates.

  

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 8.7 Indemnification. The Banks agree to indemnify each of the Administrative Agent, the Swing Line
Bank and the Issuing Lenders in their capacity as such (to the extent not reimbursed by the Company and without limiting the obligation of the Company to do so to the extent required pursuant to Section 9.5), ratably according to the respective
amounts of their Commitments (or, if the Commitments have been terminated, ratably according to the respective amount of their outstanding Loans or, if no Loans are outstanding, their Commitments as of the date of such termination) from and against
any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever which may at any time (including, without limitation, at any time following the payment of the
Notes) be imposed on, incurred by or asserted against the Administrative Agent in any way relating to or arising out of this Agreement, the Notes or any documents contemplated by or referred to herein or therein or the transactions contemplated
hereby or thereby or any action taken or omitted by the Administrative Agent, the Swing Line Bank or the Issuing Lenders under or in connection with any of the foregoing; provided that no Bank shall be liable for the payment of any portion of such
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s, Swing Line Bank’s or any Issuing Lender’s gross negligence or willful
misconduct. The agreements in this subsection shall survive the payment of the Notes and all other amounts payable hereunder. 
 8.8
Administrative Agent in Its Individual Capacity. With respect to its Commitment, the Loans made by it and the Note issued to it, Citibank shall have the same rights and powers under this Agreement as any other Bank and may exercise the same as
though it were not the Administrative Agent; and the term “Bank” or “Banks” shall, unless otherwise expressly indicated, include Citibank in its individual capacity. Citibank and its Affiliates may accept deposits from, lend
money to, act as trustee under indentures of, accept investment banking engagements from and generally engage in any kind of business with, the Company, any of its Subsidiaries and any Person who may do business with or own securities of the Company
or any such Subsidiary, all as if Citibank were not the Administrative Agent and without any duty to account therefor to the Banks. The Administrative Agent shall have no duty to disclose any information obtained or received by it or any of its
Affiliates relating to the Company or any of its Subsidiaries to the extent such information was obtained or received in any capacity other than as Administrative Agent. In the event that Citibank or any of its Affiliates shall be or become an
indenture trustee under the Trust Indenture Act of 1939 (as amended, the “Trust Indenture Act”) in respect of any securities issued or guaranteed by the Company, the parties hereto acknowledge and agree that any payment or property
received in satisfaction of or in respect of any obligation of the Company hereunder or under any other Loan Document by or on behalf of Citibank in its capacity as the Administrative Agent for the benefit of any Bank under this Agreement or any
Note (other than Citibank or an Affiliate of Citibank) and which is applied in accordance with this Agreement shall be deemed to be exempt from the requirements of Section 311 of the Trust Indenture Act pursuant to Section 311(b)(3) of the
Trust Indenture Act. 
 8.9 Successor Administrative Agent. The Administrative Agent may resign as Administrative Agent upon 10
days’ notice to the Banks and the Company, such resignation to become effective upon the appointment of a successor Administrative Agent as provided below. If the Administrative Agent shall resign as Administrative Agent under this Agreement,
then the Majority Banks shall appoint from among the Banks a successor agent for the Banks, which successor agent shall be approved by the Company if no Default or Event of Default has 

  

 63 

 
occurred and is continuing (such approval not to be unreasonably withheld), whereupon such successor agent shall succeed to the rights, powers and duties of
the Administrative Agent, and the term “Administrative Agent” shall mean such successor agent effective upon its appointment, and the former Administrative Agent’s rights, powers and duties as Administrative Agent shall be terminated,
without any other or further act or deed on the part of such former Administrative Agent or any of the parties to this Agreement or any holders of the Notes. After any retiring Administrative Agent’s resignation as Administrative Agent, the
provisions of this subsection shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement. 
 8.10 Syndication Agent, etc. Neither the Syndication Agent, any Documentation Agent nor any Persons identified in this Agreement as “Lead Arranger” or “Book Runner” shall have any right,
power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all Banks and the Swing Line Bank as such. Without limiting the foregoing, none of such Banks or the Swing Line Bank shall have or be deemed to
have a fiduciary relationship with any Bank or the Swing Line Bank. Each Bank and the Swing Line Bank hereby makes the same acknowledgments with respect to Banks and the Swing Line Bank as it makes with respect to the Administrative Agent in
Section 8.8. 
 SECTION 9 
 MISCELLANEOUS 
 9.1 Amendments and Waivers. None of this Agreement, any Note or any terms hereof or thereof may be
amended, supplemented or modified except in accordance with the provisions of this subsection. With the written consent of the Majority Banks, the Administrative Agent and the Company may, from time to time, enter into written amendments,
supplements or modifications hereto and to the Notes for the purpose of changing any provisions of or adding any provisions to this Agreement or the Notes or changing in any manner the rights of the Banks or of the Company hereunder or thereunder or
waiving, on such terms and conditions as the Administrative Agent may specify in such instrument, any of the requirements of this Agreement or the Notes or any Default or Event of Default and its consequences; provided, however, that (i) each
Bank shall receive a form of any such waiver, amendment, supplement or modification prior to the execution thereof by the Majority Banks or the Administrative Agent and (ii) no such waiver and no such amendment, supplement or modification shall
(a) increase or extend the Commitment of any Bank, the maturity of any Note or any installment thereof, or reduce the rate or extend the time of payment of interest thereon (other than an amendment of 2.09(d) or waiver of the obligation of the
Company to pay any increased interest pursuant to 2.09(d) or 2.22(d) which may be approved by the Majority Banks or the applicable Issuing Lender), or reduce the amount or extend the time of payment of any fee payable to any Bank hereunder, or
change the amount of any Bank’s Commitment or the Swing Line Bank’s Swing Line Commitment, in each case without the consent of the Bank or the Swing Line Bank, as the case may be, affected thereby, or (b) amend, modify or waive any
provision of this subsection or reduce the percentage specified in the definition of Majority Banks, or consent to the assignment or transfer by the Company of any of its rights and obligations under this Agreement, or waive the conditions precedent
to the making of any Loan set forth in subsection 4.2, in each case without the written consent of all the Banks, (c) amend, 

  

 64 

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

			
	The Company:	  	The Western Union Company
		  	12500 E. Mt. Belford Ave. M2385
		  	Englewood, CO 80112
		  	Attention: Treasurer
		  	Telecopy: (720) 332-0213
		  	Confirmation Telephone: (720) 332-5269
		
	 with a copy of
 any notice to
 the Company to:
	  	The Western Union Company
		  	12500 E. Mt. Belford Ave. M2385
		  	Englewood, CO 80112
		  	Attention: General Counsel’s Office
		  	Telecopy: (720) 332-0515
		  	Confirmation Telephone: (720) 332-5683
		
	The Administrative Agent:	  	Citibank, N.A., as Administrative Agent
		  	Two Penns Way
		  	New Castle, DE 19720
		  	Attention: Bank Loan Syndications
		  	Telecopier: 212-994-0961
		  	Telephone: 302-894-6128

  

 65 

			
	 with a copy of
 any notice to the
 Administrative Agent to:
	  	Citibank, N.A., as Administrative Agent
		  	400 Perimeter Center Terrace, Suite 600
		  	Atlanta, GA 30346
		  	Attention: David McNeela
		  	Telecopier: 404-921-9163
		  	Telephone: 770-668-8613

 provided that any notice, request or demand to or upon the Administrative Agent or the Banks pursuant to
subsection 2.3, 2.5, 2.6, 2.7, 2.18 or 2.19 shall not be effective until received. 
 (b) So long as Citibank or any of its Affiliates is the
Administrative Agent, the Company shall use commercially reasonable efforts to deliver to the Administrative Agent materials required to be delivered pursuant to Section 5.1 in an electronic medium in a format acceptable to the Administrative
Agent and the Company by e-mail at oploanswebadmin@citigroup.com. The Company agrees that the Administrative Agent may make such materials, and, without warranty or liability to the Company, other written information, documents, instruments and
other material relating to the Company, any of its Subsidiaries or any other materials or matters relating to this Agreement, the Notes or any of the transactions contemplated hereby (collectively, the “Communications”) available to
the Banks by posting such notices on a confidential basis on Intralinks or a substantially similar electronic system (the “Platform”) mutually acceptable to the Administrative Agent and the Company. The Company acknowledges that
(i) the distribution of material through an electronic medium is not necessarily secure and that there are confidentiality and other risks associated with such distribution, (ii) the Platform is provided “as is” and “as
available” and (iii) neither the Administrative Agent nor any of its Affiliates warrants the accuracy, adequacy or completeness of the Communications or the Platform and each expressly disclaims liability for errors or omissions in the
Communications or the Platform in the absence of gross negligence or willful misconduct of the Administrative Agent or its Affiliates. No warranty of any kind, express, implied or statutory, including, without limitation, any warranty of
merchantability, fitness for a particular purpose, non-infringement of third party rights or freedom from viruses or other code defects, is made by the Administrative Agent or any of its Affiliates in connection with the Platform. 
 (c) The Administrative Agent agrees that the receipt of the Communications by the Administrative Agent at its e-mail address as set forth above, and each
Bank agrees that notice to it (as provided in the next sentence) (a “Notice”) specifying that any Communications have been posted to the Platform, in each case, shall constitute effective delivery of such information, documents or
other materials to the Administrative Agent and such Bank for purposes of this Agreement; provided that if requested by any Bank the Administrative Agent shall deliver a copy of the Communications to such Bank by email or telecopier. Each Bank
agrees (i) to notify the Administrative Agent in writing of such Bank’s e-mail address to which a Notice may be sent by electronic transmission (including by electronic communication) on or before the date such Bank becomes a party to this
Agreement (and from time to time thereafter to ensure that the Administrative Agent has on record an effective e-mail address for such Bank) and (ii) that any Notice may be sent to such e-mail address. 
  

 66 

 9.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part
of the Administrative Agent or any Bank, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further
exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

9.4 Survival of Representations and Warranties. All representations and warranties made hereunder and in any document, certificate or statement
delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the Notes. 
 9.5
Payment of Expenses and Taxes. The Company agrees (a) to pay or reimburse the Administrative Agent for all its reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any
amendment, supplement or modification to, this Agreement and the Notes and any other documents prepared in connection herewith, and the consummation and administration of the transactions contemplated hereby and thereby, including, without
limitation, the reasonable fees and disbursements of counsel to the Administrative Agent, (b) to pay or reimburse each Bank and the Administrative Agent for all its costs and expenses incurred in connection with the enforcement or preservation
of any rights under this Agreement, the Notes and any such other documents, including, without limitation, fees and disbursements of counsel to the Administrative Agent and to the several Banks, (c) to pay, and indemnify and hold harmless each
Bank and the Administrative Agent from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying, stamp, excise and other taxes, if any, which may be payable or determined to be payable
in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the
Notes and any such other documents, and (d) to pay, and indemnify and hold harmless each Bank and the Administrative Agent and each of their respective officers, directors, employees and affiliates from and against any and all other
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery, enforcement, performance and administration of this
Agreement, the Notes, and any such other documents (all the foregoing, collectively, the “indemnified liabilities”), provided, that the Company shall have no obligation hereunder to the Administrative Agent or any Bank with respect to
indemnified liabilities arising from (i) the gross negligence or willful misconduct of the Administrative Agent or such Bank, (ii) legal proceedings commenced or claims against the Administrative Agent or such Bank by any security holder
or creditor thereof arising out of and based upon rights afforded any such security holder or creditor solely in its capacity as such, (iii) legal proceedings commenced or claims against the Administrative Agent or such Bank by any other Bank
or by any Transferee or (iv) claims settled without the consent of the Company. In the case of any investigation, litigation or other proceeding or action to which the indemnity in this subsection 9.5 applies, such indemnity shall be effective
whether or not such investigation, litigation or other proceeding or action is brought by the Company or any affiliate of the Company, whether or not the party seeking indemnity is otherwise a party thereto and whether or not any aspect of the
transactions contemplated hereby is consummated. 

  

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The agreements in this subsection shall survive repayment of the Notes and all other amounts payable hereunder. 
 9.6 Successors and Assigns; Participations; Purchasing Banks. 
 (a) This Agreement shall be binding upon and inure to the benefit of the Company, the Banks, the Administrative Agent, all future holders
of the Notes and their respective successors and assigns, except that the Company may not assign or transfer any of its rights or obligations under this Agreement without the prior written consent of each Bank. 
 (b) Any Bank may, in accordance with applicable law, sell to one or more banks or other entities which are not Competitors
(“Participants”) participating interests in any Loan owing to such Bank, any Note held by such Bank, the Commitment of such Bank or any other interest of such Bank hereunder, provided that with respect to any such sale of a participating
interest, the Bank selling such participating interest must retain the right to make all determinations under this Agreement other than requests for (i) reductions in the principal amount of the Loans, (ii) reductions in the interest rates
payable on the Loans, (iii) reductions in the facility fee payable to such selling Bank pursuant to subsection 2.4 and (iv) waivers and extensions in respect of payment dates on account of principal of the Loans, Interest Payment Dates and
the dates on which such facility fee is payable. In the event of any such sale by a Bank of participating interests to a Participant, such Bank’s obligations under this Agreement to the other parties to this Agreement shall remain unchanged,
such Bank shall remain solely responsible for the performance thereof, such Bank shall remain the holder of any such Note for all purposes under this Agreement, and the Company and the Administrative Agent shall continue to deal solely and directly
with such Bank in connection with such Bank’s rights and obligations under this Agreement. The Company agrees that if amounts outstanding under this Agreement and the Notes are due or unpaid, or shall have been declared or shall have become due
and payable upon the occurrence of an Event of Default, each Participant shall be deemed to have the right of setoff in respect of its participating interest in amounts owing under this Agreement and any Note to the same extent as if the amount of
its participating interest were owing directly to it as a Bank under this Agreement or any Note, provided that such Participant shall only be entitled to such right of setoff if it shall have agreed in the agreement pursuant to which it shall have
acquired its participating interest to share with the Banks the proceeds thereof as provided in subsection 9.7. The Company also agrees that each Participant shall be entitled to the benefits of subsections 2.14, 2.15 and 2.16 with respect to its
participation in the Commitments and the Loans outstanding from time to time; provided that no Participant shall be entitled to receive any greater amount pursuant to such subsections than the transferor Bank would have been entitled to receive in
respect of the amount of the participation transferred by such transferor Bank to such Participant had no such transfer occurred. 
 (c) Any Bank may, in accordance with applicable law and with the consent of the Administrative Agent, the Swing Line Bank and each Issuing Lender (which shall not be unreasonably withheld) at any time sell to any Bank or any affiliate
thereof (but only if 

  

 68 

 
such affiliate’s Short-Term Ratings equal or exceed the Short-Term Ratings of such selling Bank) and, with the consent of the Company (unless there is
an Event of Default under clause (a) or (g) of Article VII occurring or continuing), the Administrative Agent, the Swing Line Bank and each Issuing Lender (which in each case shall not be unreasonably withheld), to one or more additional
banks or financial institutions other than the Borrower or any of its Subsidiaries (“Purchasing Banks”) all or any part of its rights and obligations under this Agreement and its Note pursuant to a Commitment Transfer Supplement,
substantially in the form of Exhibit D (a “Commitment Transfer Supplement”), executed by such Purchasing Bank, such transferor Bank (and, in the case of a Purchasing Bank that is not then a Bank or an affiliate thereof, by the Company, the
Administrative Agent, the Swing Line Bank and each Issuing Lender) and delivered to the Administrative Agent for its acceptance and recording in the Register, provided that (i) in connection with such sale, such transferor Bank must transfer
all of its outstanding Commitment to such Purchasing Bank or, if no Commitments are then in effect, such transferor Bank must transfer all of the unpaid Loans and Participation Interests held by such Bank to such Purchasing Bank or (ii) after
giving effect to such sale the outstanding Commitment of such transferor Bank must equal or exceed $10,000,000, provided, further, with respect to a Purchasing Bank which was not a Bank or an affiliate of a Bank prior to such sale, the outstanding
Commitment of such Purchasing Bank after giving effect to such sale must equal or exceed $10,000,000, unless the Company and the Administrative Agent otherwise agree. Upon such execution, delivery, acceptance and recording, from and after the
Transfer Effective Date determined pursuant to (and as defined in) such Commitment Transfer Supplement, (x) the Purchasing Bank thereunder shall be a party hereto and, to the extent provided in such Commitment Transfer Supplement, (in addition
to any such rights and obligations theretofore held by it) have the rights and obligations of a Bank hereunder with a Commitment as set forth therein, and (y) the transferor Bank thereunder shall, to the extent provided in such Commitment
Transfer Supplement, be released from its obligations under this Agreement (and, in the case of a Commitment Transfer Supplement covering all or the remaining portion of a transferor Bank’s rights and obligations under this Agreement, such
transferor Bank shall cease to be a party hereto, provided, that it is expressly understood and agreed that such transferor Bank shall retain (x) all of such transferor Bank’s rights under subsections 2.14, 2.15, 2.16 and 9.5 of this
Agreement with respect to any cost, reduction or payment incurred or made prior to the Transfer Effective Date determined pursuant to such Commitment Transfer Supplement, including, without limitation the rights to indemnification and to
reimbursement for taxes, costs and expenses and (y) all of such transferor Bank’s obligations under Section 8.7 to the extent any claim thereunder relates to an event arising prior to the Transfer Effective Date determined pursuant to
such Commitment Transfer Supplement). Such Commitment Transfer Supplement shall be deemed to amend this Agreement to the extent, and only to the extent, necessary to reflect the addition of such Purchasing Bank and the resulting adjustment of
Commitments and Commitment Percentages arising from the purchase by such Purchasing Bank of all or a portion of the rights and obligations of such transferor Bank under this Agreement and the Notes. On or prior to the Transfer Effective Date
determined pursuant to such Commitment Transfer Supplement, the Company, at its own expense, shall execute and deliver to the Administrative Agent in exchange for the 

  

 69 

 
surrendered Note a new Note to the order of such Purchasing Bank in an amount equal to the Commitment assumed by it pursuant to such Commitment Transfer
Supplement and, if the transferor Bank has retained a Commitment hereunder, a new Note to the order of the transferor Bank in an amount equal to the Commitment retained by it hereunder. Such new Notes shall be dated the Closing Date and shall
otherwise be in the form of the Notes replaced thereby. The Note surrendered by the transferor Bank shall be returned by the Administrative Agent to the Company marked “cancelled”. 
 (d) The Administrative Agent shall maintain at its address referred to in subsection 9.2 a copy of each Commitment Transfer Supplement
delivered to it and a register (the “Register”) for the recordation of the names and addresses of the Banks and the Commitment of, and principal amount of the Loans owing to, each Bank from time to time. The entries in the Register
shall be conclusive, in the absence of manifest error, and the Company, the Administrative Agent and the Banks may treat each Person whose name is recorded in the Register as the owner of each Loan recorded therein for all purposes of this
Agreement. The Register shall be available for inspection by the Company or any Bank at any reasonable time and from time to time upon reasonable prior notice. 
 (e) Upon its receipt of a Commitment Transfer Supplement executed by a transferor Bank and Purchasing Bank (and, in the case of a
Purchasing Bank that is not then a Bank or an affiliate thereof, by the Company and the Administrative Agent) together with payment to the Administrative Agent, in the case of a Purchasing Bank that is not then a Bank or an affiliate thereof, of a
registration and processing fee of $3,500 by the transferor Bank, the Administrative Agent shall (i) promptly accept such Commitment Transfer Supplement and (ii) on the Transfer Effective Date determined pursuant thereto record the
information contained therein in the Register and give notice of such acceptance and recordation to the Banks and the Company. 
 (f) Subject to subsection 9.8, the Company authorizes each Bank to disclose to any Participant or Purchasing Bank (each, a “Transferee”) and any prospective Transferee any and all financial information in such Bank’s
possession concerning the Company and its affiliates which has been delivered to such Bank by or on behalf of the Company pursuant to this Agreement or which has been delivered to such Bank by or on behalf of the Company in connection with such
Bank’s credit evaluation of the Company and its affiliates prior to becoming a party to this Agreement. 
 (g) If,
pursuant to this subsection, any interest in this Agreement or any Note is transferred to any Transferee which is not a United States person (as such term is defined in Section 7701(a)(30) of the Code), the transferor Bank shall require
such Transferee, concurrently with the effectiveness of such transfer, to deliver (i) two duly completed copies of United States Internal Revenue Service Form W-8BEN or W-8ECI or successor applicable form, as the case may be or
(ii) in the case of such a Bank claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate to the effect that such Bank is not (A) a “bank” within the meaning of
Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Company within the meaning of Section 881(c)(3)(B) of the Code or (C) a “controlled foreign 

  

 70 

 
corporation” described in Section 881(c)(3)(C) of the Code and (y) two duly completed copies of United States Internal Revenue Service
Form W-8BEN, in each case certifying such Bank’s entitlement to a complete exemption from United States withholding tax with respect to interest payments to be made under this Agreement and under any Note. The transferor Bank shall
also require such Transferee (i) to represent to the transferor Bank (for the benefit of the transferor Bank, the Administrative Agent and the Company) that under applicable law and treaties no taxes will be required to be withheld by the
Administrative Agent, the Company or the transferor Bank with respect to any payments to be made to such Transferee in respect of the Loans, (ii) to agree (for the benefit of the transferor Bank, the Administrative Agent and the Company) to
provide the transferor Bank (and, in the case of any Purchasing Bank registered in the Register, the Administrative Agent and the Company) new such form or successor applicable form upon the expiration or obsolescence of any previously delivered
forms and comparable statements in accordance with applicable U.S. laws and regulations and amendments duly executed and completed by such Transferee and (iii) to comply from time to time with all applicable U.S. laws and regulations with
regard to such withholding tax exemption. 
 (h) Nothing herein shall prohibit any Bank or the Swing Line Bank from pledging
or assigning any Note to any Federal Reserve Bank in accordance with applicable law. 
 (i) The Swing Line Bank may not
(except as provided in subsections 2.19 and 9.6(h)) assign or sell participations in all or any part of its Swing Line Loans, its Swing Line Note or its Swing Line Commitment. 
 (j) Each Issuing Lender may, with the consent of the Company (which consent shall not be unreasonably withheld or delayed), assign to one
or more Banks all or a portion of its rights and obligations under the undrawn portion of its LOC Commitment at any time; provided, however, that the parties to each such assignment shall execute and deliver to the Administrative Agent appropriate
documentation in respect thereof. 
 9.7 Adjustments; Set-off. 
 (a) If any Bank (a “benefitted Bank”) shall at any time receive any payment of all or part of its Loans then payable, or
interest then payable thereon, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in Section 7(g), or otherwise), in a greater proportion
than any such payment to or collateral received by any other Bank, if any, in respect of such other Bank’s Loans then payable, or interest then payable thereon, such benefitted Bank shall purchase for cash from the other Banks such portion of
each such other Bank’s Loans or such interest thereon, or shall provide such other Banks with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such benefitted Bank to share the excess payment or
benefits of such collateral or proceeds ratably with each of the Banks; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such benefitted Bank, such purchase shall be rescinded, and the
purchase price and benefits returned, to the extent of 

  

 71 

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

  

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

  

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

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 9.19 Judgment Currency. If, for the purposes of obtaining judgment in any court, it is necessary
to convert a sum due hereunder or under any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the first
currency with such other currency on the Business Day preceding that on which final judgment is given. The obligation of the Company in respect of any such sum due from it to the Administrative Agent or any Bank hereunder or under the other Loan
Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than currency required to be paid hereunder (the “Contract Currency”), be discharged only to the extent that on the Business Day
following receipt by the Administrative Agent or such Bank of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent or such Bank may in accordance with normal banking procedures purchase the Contract Currency with the
Judgment Currency. If the amount of the Contract Currency so purchased is less than the sum originally due to the Administrative Agent or such Bank in such Contract Currency, the Company agrees, as a separate obligation and notwithstanding any such
judgment, to indemnify the Administrative Agent or such Bank or the Person to whom such obligation was owing against such loss. If the amount of the Contract Currency so purchased is greater than the sum originally due to the Administrative Agent or
such Bank in such currency, the Administrative Agent and the Banks agree to apply such excess to any Loans or other amounts then due and payable hereunder. 
  

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

									
	COMPANY:	 		 	 THE WESTERN UNION COMPANY,
 a Delaware
corporation

				
		 		 	By:	 	/s/ David G. Barnes
		 		 		 	Name:	 	David G. Barnes
		 		 		 	Title:	 	 Executive Vice President
 Finance and Strategic
Development

  

 76 

									
	 ADMINISTRATIVE AGENT
 AND
BANKS:
	 		 	 CITIBANK, N.A.,
 as Administrative Agent,
Swing Line Bank, Issuing Lender and as a Bank

				
		 		 	By:	 	/s/ Kevin Ege
		 		 		 	Name:	 	Kevin Ege
		 		 		 	Title:	 	Vice President

  

 77 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION as Issuing Lender and as a Bank
		
	By:	 	/s/ Scott Bjelde
	Name:	 	Scott Bjelde
	Title:	 	Senior Vice President

  

 78 

			
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH
		
	By:	 	/s/ Christian A. Giordano
	Name:	 	Christian A. Giordano
	Title:	 	Authorized Signatory

  

 79 

			
	BARCLAYS BANK PLC
		
	By:	 	/s/ Alison McGuigan
	Name:	 	Alison McGuigan
	Title:	 	Associate Director

  

 80 

			
	JPMORGAN CHASE BANK, N.A.
		
	By:	 	/s/ Mark M. Cisz
	Name:	 	Mark M. Cisz
	Title:	 	Vice President

  

 81 

			
	MORGAN STANLEY BANK
		
	By:	 	/s/ Daniel Twenge
	Name:	 	Daniel Twenge
	Title:	 	Vice President

  

 82 

			
	 WACHOVIA BANK, NATIONAL ASSOCIATION

		
	By:	 	/s/ Mark B. Felker
	Name:	 	Mark B. Felker
	Title:	 	Managing Director

  

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	BNP PARIBAS
		
	By:	 	/s/ Pierre Nicholas Rogers
	Name:	 	Pierre Nicholas Rogers
	Title:	 	Managing Director
		
	By:	 	/s/ Jamie Dillon
	Name:	 	Jamie Dillon
	Title:	 	Managing Director

  

 84 

			
	DEUTSCHE BANK AG, NEW YORK BRANCH
		
	By:	 	/s/ Brett Hanmer
	Name:	 	Brett Hanmer
	Title:	 	Vice President
		
	By:	 	/s/ Ruth Leung
	Name:	 	Ruth Leung
	Title:	 	Director

  

 85 

			
	FIFTH THIRD BANK
		
	By:	 	/s/ Peter Caligiuni
	Name:	 	Peter Caligiuni
	Title:	 	Vice President

  

 86 

			
	KEY BANK, N. A.
		
	By:	 	/s/ David A. Wild
	Name:	 	David A. Wild
	Title:	 	Vice President

  

 87 

			
	 THE BANK OF NOVA SCOTIA

		
	By:	 	/s/ Todd Meller
	Name:	 	Todd Meller
	Title:	 	Managing Director

  

 88 

			
	 CIBC, INC.

		
	By:	 	/s/ Dominic Sorresso
	Name:	 	Dominic Sorresso
	Title:	 	Executive Director
	
	CIBC World Markets Corp.
	 Authorized Signatory

  

 89 

			
	LASALLE BANK NATIONAL ASSOCIATION
		
	By:	 	/s/ Doug Pogge
	Name:	 	Doug Pogge
	Title:	 	First Vice President

  

 90 

			
	 SOCIÉTÉ GÉNÉRALE

		
	By:	 	/s/ Melissa Goeden
	Name:	 	Melissa Goeden
	Title:	 	Vice President

  

 91 

			
	THE BANK OF NEW YORK
		
	By:	 	/s/ Robert Besser
	Name:	 	Robert Besser
	Title:	 	Vice President

  

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