Document:

Exhibit 10.1

 

AMENDMENT TO THE
 ALLIED WORLD ASSURANCE COMPANY (U.S.) INC.
 SECOND AMENDED AND RESTATED
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
 (Effective as of January 1, 2016)

 

 

AMENDMENT TO THE
 ALLIED WORLD ASSURANCE COMPANY (U.S.) INC.
 SECOND AMENDED AND RESTATED
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

 

Allied World Assurance Company (U.S.) Inc. (the “Company”) hereby adopts this amendment (this “Amendment”) to the Allied World Assurance Company (U.S.) Inc. Second Amended and Restated Supplemental Executive Retirement Plan (the “Plan”) with reference to the following facts:

 

WHEREAS, capitalized terms used but not otherwise defined in this Amendment shall have the meanings ascribed to such terms in the Plan;

 

WHEREAS, the Company maintains the Plan;

 

WHEREAS, Section 10.2 of the Plan permits the Company to amend the Plan, in whole or in part by action of the Board unless the amendment operates to decrease the value of a Participant’s Account balance computed as of the date such amendment is approved, or to effect the timing or form of the distribution of an Account balance that is scheduled to commence on or before such date in a manner that would violate Section 409A;

 

WHEREAS, the Company desires to amend the Plan to provide additional benefits to certain Participants; and

 

WHEREAS, the Company has determined that such amendment does not operate to decrease the value of any Participant’s Account balance computed as of the date hereof, or to effect the timing or form of the distribution of an Account balance that is scheduled to commence on or before the date hereof in a manner that would violate Section 409A;

 

NOW THEREFORE, the Plan is hereby amended as follows:

 

1.                                      Section 1.1 of the Plan is hereby replaced in its entirety with the following:

 

“1.1                         “Account” shall mean, with respect to a Participant, any or all of a Participant’s Deferral Account, Employer Contribution Account or Special Employer Contribution Account.”

 

2.                                      Section 1.18 of the Plan is hereby replaced in its entirety with the following:

 

“1.18                  “Distribution Event” shall mean:

 

(a)         with respect to a Participant’s Special Employer Contribution Account only, the earliest to occur of such Participant’s Retirement, Disability, Termination of Employment or death, the occurrence of which entitles the Participant (or

 

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his Beneficiary, as the case may be) to Benefits in accordance with Article 6; and

 

(b)         with respect to all Accounts of a Participant (other than such Participant’s Special Employer Contribution Account), the earliest to occur of such Participant’s Retirement, Disability, Termination of Employment or death, a Change in Control, and with respect to an Affected Participant only, a Section 457A Payment Event, the occurrence of which entitles the Participant (or his Beneficiary, as the case may be) to Benefits in accordance with Article 6.

 

Notwithstanding anything herein to the contrary, neither a Retirement nor a Termination of Employment occurring after June 30, 2017, shall be a Distribution Event with respect to a Section 457A Grandfathered Amount payable to a Key Employee.”

 

3.                                      Section 1.33 of the Plan is hereby replaced in its entirety with the following:

 

““Retirement,” “Retire(s),” “Retiring” or “Retired” shall mean, with respect to each Employee:

 

(a)         with respect to such Employee’s Special Employer Contribution Account only, a voluntary severance from employment from any Employers participating in the Plan (for any reason other than a leave of absence, death or Disability) on or after the attainment of age sixty (60) with at least five (5) years of continuous service with any Employers; and

 

(b)         with respect to all of such Employee’s Accounts (other than such Employee’s Special Employer Contribution Account), a voluntary severance from employment from any Employers participating in the Plan (for any reason other than a leave of absence, death or Disability) on or after the attainment of age sixty five (65);

 

provided that, in all cases, in order for Retirement to be a Distribution Event such severance from employment must also constitute a Separation from Service.”

 

4.                                      The following definitions shall be added to Article 1 of the Plan in alphabetical order:

 

““Forfeiture Percentage” shall, with respect to each applicable Participant, be determined as follows:

 

(a)         if such Participant experiences a Termination of Employment prior to January 1, 2017, the Forfeiture Percentage shall be one hundred percent (100%);

 

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(b)         if such Participant experiences a Termination of Employment on or after January 1, 2017 and prior to January 1, 2018, the Forfeiture Percentage shall be seventy five percent (75%);

 

(c)          if such Participant experiences a Termination of Employment on or after January 1, 2018 and prior to January 1, 2019, the Forfeiture Percentage shall be fifty percent (50%); and

 

(d)         if such Participant experiences a Termination of Employment on or after January 1, 2019 and prior to January 1, 2020, the Forfeiture Percentage shall be twenty five percent (25%).

 

“Special Employer Contribution” means the amount the Employer contributes to the Plan pursuant to Section 4.6 of this Plan.

 

“Special Employer Contribution Account” shall mean, with respect to each applicable Participant, an account to which shall be credited the Special Employer Contribution pursuant to Section 4.6, and any income, gains and losses attributable thereto, less any amounts distributed to the Participant or his Beneficiary that relates to such account.  The Special Employer Contribution Account balance shall be a bookkeeping entry only and shall be utilized solely for the measurement and determination of the amounts to be paid to a Participant or his Beneficiary.”

 

5.                                      The following sentence is hereby added to the end of Section 3.5 of the Plan:

 

“A Participant’s vested interest in his Special Employer Contribution Account shall be the portion of such Special Employer Contribution Account that is not subject to forfeiture in accordance with Section 4.8 below.”

 

6.                                      The last sentence of Section 3.6.4 of the Plan is hereby replaced in its entirety to read as follows:

 

“A Participant’s Employer Contribution Account balance and Special Employer Contribution Account balance shall be credited or debited on a daily basis based on the performance of each applicable Measurement Fund as though (i) a Participant’s Employer Contribution Account or Special Employer Contribution Account, as applicable, was invested in the Measurement Fund(s) selected by the Participant and (ii) the portion of the Employer Contribution or Special Employer Contribution, as applicable, that was actually deferred during any calendar month was invested in such Measurement Fund(s) in the percentages applicable to such calendar month, no later than the close of business on the last business day of such calendar month, at the closing price on such date.”

 

7.                                      The title of Article 4 of the Plan is hereby replaced in its entirety to read as follows:

 

“Employer Contributions; Special Employer Contributions”

 

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8.                                      A new Section 4.6 of the Plan is hereby added and shall read in its entirety as follows:

 

“4.6                         Special Employer Contributions.  Subject to the approval by the shareholders of Allied World Assurance Company Holdings, AG in accordance with Swiss law (“Shareholder Approval”), on or promptly following the date on which Shareholder Approval is obtained, the Special Employer Contribution Account of each Participant listed on Schedule 4.6 of this Amendment shall be credited by the Employer with an amount equal to the amount set forth next to such Participant’s name on Schedule 4.6 of this Amendment or such other amount in respect of which Shareholder Approval has been obtained (such amount, the “Special Employer Contribution”).  Amounts shall be credited or debited to the Participant’s Special Employer Contribution Account in accordance with Section 3.6.  Notwithstanding anything to the contrary contained herein, no Special Employer Contribution shall be made unless Shareholder Approval with respect to the amount thereof has been obtained.”

 

9.                                      A new Section 4.7 of the Plan is hereby added and shall read in its entirety as follows:

 

“4.7                         Distribution.  If a Participant did not properly complete and deliver an Election Form with respect to the Special Employer Contributions, the vested Special Employer Contributions shall be distributed from the Special Employer Contribution Account in a lump sum on the earliest Distribution Event.”

 

10.                               A new Section 4.8 of the Plan is hereby added and shall read in its entirety as follows:

 

“4.8                         Forfeiture of Special Employer Contributions.  In the event that a Participant who has received a Special Employer Contribution experiences a Termination of Employment prior to January 1, 2020 and such Termination of Employment was either by the Company for Cause (as defined in such Participant’s employment agreement as in effect as of the date hereof) or by such Participant without Good Reason (as defined in such Participant’s employment agreement as in effect as of the date hereof), the Participant shall forfeit the Forfeiture Percentage of the Special Employer Contribution Account balance.  Notwithstanding anything herein to the contrary, the Committee at any time and from time to time may order that all or any part of a Participant’s Special Employer Contribution Account shall no longer be subject to forfeiture, and may order payment of the amounts so vested on the dates specified in such orders, if the Committee finds such action appropriate in the circumstances.”

 

11.                               A new Section 4.9 of the Plan is hereby added and shall read in its entirety as follows:

 

“4.9                         Impact of Reemployment on Vesting.  A Participant who is rehired by an Employer after his Termination of Employment shall not be entitled to amounts forfeited under Section 4.8 prior to his reemployment.”

 

12.                               A new Section 4.10 of the Plan is hereby added and shall read in its entirety as follows:

 

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“4.10                  FICA and Other Taxes on Special Employer Contributions.  In accordance with Section 409A, for each Plan Year in which a portion of the Special Employer Contribution Account ceases to be subject to forfeiture, the Participant’s Employer shall withhold from that portion of the Participant’s Earnings that is not being deferred, in a manner determined by the Employer, the Participant’s share of FICA, if applicable, and any other applicable employment taxes on the Special Employer Contributions that are no longer subject to forfeiture in such year.  If necessary, the Committee may reduce the Annual Deferral Amount in order to comply with this Section 4.10, provided such amount does not exceed the aggregate of the FICA amount and the income tax withholding related to such FICA amount.”

 

13.                               The following shall be added to the end of the last sentence in Section 5.2 of the Plan:

 

“and then from the Participant’s Special Employer Contribution Account (to the extent vested).”

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

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IN WITNESS WHEREOF, the Company has caused this Amendment to be signed as of the 1st day of January 2016.

 

	
 
    	
ALLIED WORLD ASSURANCE COMPANY 
   (U.S.) INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Louis Iglesias
    
	
 
    	
Name: Louis Iglesias
    
	
 
    	
Title: President, Allied World   North America
    

 

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Schedule 4.6

 

	
Participant
    	
 
    	
Special Employer Contribution
   (U.S. Dollars)*
    	
 
    
	
John R. Bender
    	
 
    	
$
    	
2,000,000
    	
 
    
	
Thomas A. Bradley
    	
 
    	
$
    	
2,000,000
    	
 
    
	
Frank N. D’Orazio
    	
 
    	
$
    	
2,000,000
    	
 
    
	
Wesley D. Dupont
    	
 
    	
$
    	
2,000,000
    	
 
    
	
John J. Gauthier
    	
 
    	
$
    	
2,000,000
    	
 
    
	
Marshall J. Grossack
    	
 
    	
$
    	
1,800,000
    	
 
    
	
Louis P. Iglesias
    	
 
    	
$
    	
2,000,000
    	
 
    
	
John J. McElroy
    	
 
    	
$
    	
1,700,000
    	
 
    
	
TOTAL
    	
 
    	
$
    	
15,500,000
    	
 
    

 

* The Special Employer Contribution for each Participant will vest in four equal annual installments, with the first, second, third and fourth installments being subject to shareholder approval at the 2016, 2017, 2018 and 2019 annual shareholder meetings of Allied World Assurance Company Holdings, AG, respectively.Exhibit

HEARTLAND INCREMENTAL TERM B LOAN LENDER JOINDER AGREEMENT
THIS HEARTLAND INCREMENTAL TERM B LOAN LENDER JOINDER AGREEMENT dated as of April 22, 2016 (this “Agreement”) is by and among each of the Persons identified as “Heartland Incremental Term B Lenders” on the signature pages hereto (each, a “Heartland Incremental Term B Lender”), Global Payments Inc., a Georgia corporation (the “Company”), certain other borrowers party hereto (together with the Company, each a “Borrower” and collectively, the “Borrowers”), the Guarantors party hereto, and Bank of America, N.A., as Administrative Agent.  Capitalized terms used but not otherwise defined herein have the meanings provided in the Credit Agreement (as defined below). 
W I T N E S S E T H
WHEREAS, pursuant to that certain Credit Agreement dated as of July 31, 2015 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”) among the Borrowers, the Lenders from time to time party thereto and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, the Lenders have agreed to provide the Borrowers with the credit facilities provided for therein;
WHEREAS, pursuant to Section 2.01(e) of the Credit Agreement, the Company has requested that each Heartland Incremental Term B Lender provide a portion of a Heartland Incremental Term B Loan under the Credit Agreement; and
WHEREAS, each Heartland Incremental Term B Lender has agreed to provide a portion of a Heartland Incremental Term B Loan on the terms and conditions set forth herein and to become a “Heartland Incremental Term B Lender” under the Credit Agreement in connection therewith.
NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1.    Each Heartland Incremental Term B Lender severally agrees to make a portion of a Heartland Incremental Term B Loan in a single advance to the Company on the date hereof in the amount of its respective Heartland Incremental Term B Loan Commitment; provided, that, after giving effect to such advances, the Outstanding Amount of such Heartland Incremental Term B Loan shall not exceed the aggregate amount of the Heartland Incremental Term B Loan Commitments of the Heartland Incremental Term B Lenders.  The Heartland Incremental Term B Loan Commitments of each of the Heartland Incremental Term B Lenders and the Applicable Percentage of the Heartland Incremental Term B Loans for each of the Heartland Incremental Term B Lenders shall be as set forth on Schedule 2.01 attached hereto.  The existing Schedule 2.01 to the Credit Agreement shall be deemed to be amended to include the information set forth on Schedule 2.01 attached hereto.  
2.    The Applicable Rate with respect to the portion of the Heartland Incremental Term B Loan evidenced hereby shall be a percentage per annum equal to: (a) until delivery of the first Compliance Certificate after the Heartland Acquisition Closing Date, (i) 3.50% with respect to Eurocurrency Rate Loans, and (ii) 2.50% with respect to Base Rate Loans (each of clauses (i) and (ii), as applicable, the “Base Term B Rate”) and (b) thereafter, (i) the Base Term B Rate or (ii) so long as the Leverage Ratio is not greater than 3.25 to 1.0, (A) 3.25% with respect to Eurocurrency Rate Loans and (B) 2.25% with respect to Base Rate Loans; provided, that, the Eurocurrency Base Rate shall in no event be less than zero at any time.  Any increase or decrease in the Applicable Rate for the Heartland Incremental Term B Loan resulting from a change in the Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.01(c) of the Credit Agreement; provided that if a Compliance Certificate is not delivered when due in accordance with such Section, then, upon the request of the Required Lenders, the Base Term B Rate shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall remain in effect until the date on which such Compliance Certificate is delivered; provided further that the Company shall not request any Heartland Incremental Term B Loans that are Eurocurrency Rate Loans with an Interest Period of one week and no Heartland Incremental Term B Lender shall be required to make a Heartland Incremental Term B Loan that is a Eurocurrency 

Rate Loan with an Interest Period of one week.  Notwithstanding anything to the contrary contained in this paragraph 2, the determination of the Applicable Rate for any period shall be subject to the provisions of Section 2.10(b) of the Credit Agreement.  
3.    The Heartland Incremental Term B Loan Maturity Date for the Heartland Incremental Term B Loan evidenced hereby shall be April 22, 2023.
4.    The Company shall repay to the Heartland Incremental Term B Lenders the principal amount of the Heartland Incremental Term B Loan evidenced hereby in quarterly installments on the dates set forth below as follows:
	
				
	Date
	Principal
Amortization Payment
	Date
	Principal
Amortization Payment

	September 30, 2016
	$2,612,500.00
	March 31, 2020
	$2,612,500.00

	December 31, 2016
	$2,612,500.00
	June 30, 2020
	$2,612,500.00

	March 30, 2017
	$2,612,500.00
	September 20, 2020
	$2,612,500.00

	June 30, 2017
	$2,612,500.00
	December 31, 2020
	$2,612,500.00

	September 30, 2017
	$2,612,500.00
	March 31, 2021
	$2,612,500.00

	December 31, 2017
	$2,612,500.00
	June 30, 2021
	$2,612,500.00

	March 31, 2018
	$2,612,500.00
	September 30, 2021
	$2,612,500.00

	June 30, 2018
	$2,612,500.00
	December 31, 2021
	$2,612,500.00

	September 30, 2018
	$2,612,500.00
	March 31, 2022
	$2,612,500.00

	December 31, 2018
	$2,612,500.00
	June 30, 2022
	$2,612,500.00

	March 31, 2019
	$2,612,500.00
	September 30, 2022
	$2,612,500.00

	June 30, 2019
	$2,612,500.00
	December 31, 2022
	$2,612,500.00

	September 30, 2019
	$2,612,500.00
	March 31, 2023
	$2,612,500.00

	December 31, 2019
	$2,612,500.00
	Heartland Incremental Term B Loan Maturity Date
	Outstanding Amount

	Total:
	$1,045,000,000.00

5.    Pursuant to Section 2.05(b)(iv) of the Credit Agreement, the Company shall prepay the Heartland Incremental Term B Loan in an aggregate amount equal to fifty percent (50%) (if the Leverage Ratio as of the end of such fiscal year is equal to or greater than 3.75 to 1.0), twenty-five percent (25%) (if the Leverage Ratio as of the end of such fiscal year is less than 3.75 to 1.0 but equal to or greater than 3.25 to 1.0), or zero percent (0%) (if the Leverage Ratio as of the end of such fiscal year is less than 3.25 to 1.0) of Excess Cash Flow; provided, that, the amount of any such prepayment shall be reduced in accordance with Section 2.05(b)(iv) of the Credit Agreement.  Subject to Section 2.15 of the Credit Agreement, each such prepayment shall be applied ratably to the Heartland Incremental Term B Loans (in each case to the remaining scheduled principal amortization payments on a pro rata basis).  Such prepayments shall be applied first to Base Rate Loans and then to Eurocurrency Rate Loans in direct order of Interest Period maturities, shall be subject to Section 3.05 of the Credit Agreement, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment.
6.    Pursuant to Section 2.05(a)(i) of the Credit Agreement, if any voluntary prepayment is made with respect to the Heartland Incremental Term B Loans within six (6) months after the Heartland Acquisition Closing Date in connection with a Repricing Event, the Company shall, on the date of such prepayment, pay to the Lenders a prepayment premium equal to one percent (1.00%) of the principal amount of the Heartland Incremental Term B Loans so prepaid. 
7.    Each Heartland Incremental Term B Lender (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Agreement and to consummate the transactions contemplated hereby and to become a Heartland Incremental Term B Lender under the Credit Agreement, (ii) it meets all requirements of an Eligible Assignee under the Credit Agreement (subject to receipt of such consents as may be 

required under the Credit Agreement), (iii) from and after the date hereof, it shall be bound by the provisions of the Credit Agreement as a Heartland Incremental Term B Lender thereunder and shall have the obligations of a Heartland Incremental Term B Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to Section 6.01 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Agreement on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Heartland Incremental Term B Lender, and (v) if it is a Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Heartland Incremental Term B Lender.
8.    Each of the Administrative Agent, each Borrower, and each Guarantor agrees that, as of the date hereof, each Heartland Incremental Term B Lender shall (a) be a party to the Credit Agreement and the other Loan Documents, (b) be aa “Heartland Incremental Term B Lender” for all purposes of the Credit Agreement and the other Loan Documents and (c) have the rights and obligations of a Heartland Incremental Term B Lender under the Credit Agreement and the other Loan Documents.
9.    The address of each Heartland Incremental Term B Lender for purposes of all notices and other communications is as set forth on the Administrative Questionnaire delivered by such Heartland Incremental Term B Lender to the Administrative Agent.
10.    This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  Delivery of an executed counterpart of a signature page of this Agreement by fax transmission or e-mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Agreement.
11.    THIS AGREEMENT AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

[signature page follows]

    

IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed by a duly authorized officer as of the date first above written.

	
		
	HEARTLAND INCREMENTAL
TERM B LENDERS:
	BANK OF AMERICA, N.A.

	 
	 

	 
	By: /s/ Thomas M. Paulk

	 
	Name: Thomas M. Paulk

	 
	Title: Senior Vice President

GLOBAL PAYMENTS INC.
HEARTLAND INCREMENTAL TERM B LOAN LENDER JOINDER AGREEMENT

	
		
	BORROWERS:
	 

	 
	GLOBAL PAYMENTS INC.

	 
	 

	 
	By:/s/ David Green

	 
	Name: David Green

	 
	Title: Secretary

	 
	 

	 
	GLOBAL PAYMENTS DIRECT, INC.

	 
	 

	 
	By:/s/ David Green

	 
	Name: David Green

	 
	Title: Secretary

	 
	 

	 
	GLOBAL PAYMENTS UK LTD.

	 
	a British Company governed of the Laws of England and Wales

	 
	 

	 
	By:/s/ David Green

	 
	Name: David Green

	 
	Title: Director

	 
	 

	 
	GLOBAL PAYMENTS ACQUISITION CORPORATION 2, a Luxembourg société á responsabilité limitée, with a share capital of EUR 1,660,669.-, having its registered office at 6C, rue Gabriel Lippmann, L-5365 Munsbach, Grant-Duchy of Luxembourg, and regisitered with the R.C,S. under number B 139.629

	 
	 

	 
	By:/s/ David Green

	 
	Name: David Green

	 
	Title: Type A Manager

	 
	 

	 
	By:/s/ Herman-Gunter Schommarz

	 
	Name: Herman-Gunter Schommarz

	 
	Title: Type B Manager

	 
	 

	 
	GLOBAL PAYMENTS ACQUISITION PS 1 - GLOBAL PAYMENTS DIRECT S.E.N.C., a Luxembourg société en nom collectif, with a share capital of EUR 862,094.-, having its registered office at 6C, rue Gabriel Lippmann, L-5365 Munsbach, Grant-Duchy of Luxembourg, and registered with the R.C,S. under number B 139.804

	 
	 

	 
	By: Global Payments Direct, Inc.,

	 
	its Manager

	 
	 

	 
	By:/s/ David Green

	 
	Name: David Green

	 
	Title: Secretary

	 
	 

	 
	 

GLOBAL PAYMENTS INC.
HEARTLAND INCREMENTAL TERM B LOAN LENDER JOINDER AGREEMENT

	
		
	 
	GLOBAL PAYMENTS ACQUISITION PS 2 C.V., 

	 
	a Netherlands limited partnership

	 
	 

	 
	By:     Global Payments Direct., Inc., acting in its capacity as general partner of Global Payments Acquisition PS 1 C.V., in its turn representing Global Payments Acquisition PS 1 - Global Payments Direct S.e.n.c., in its turn acting in its capacity as general partner on behalf and for the benefit of Global Payments Acquisition PS 2 C.V.

	 
	 

	 
	By:/s/ David Green

	 
	Name: David Green

	 
	Title: Secretary

GLOBAL PAYMENTS INC.
HEARTLAND INCREMENTAL TERM B LOAN LENDER JOINDER AGREEMENT

	
		
	GUARANTORS:
	GLOBAL PAYMENTS DIRECT, INC.

	 
	 

	 
	By:/s/ David Green

	 
	Name: David Green

	 
	Title: Secretary

	 
	 

	 
	GLOBAL PAYMENTS CHECK SERVICES, INC.

	 
	 

	 
	By: /s/ LJ Williams

	 
	Name: LJ Williams

	 
	Title: Secretary

	 
	 

	 
	GLOBAL PAYMENTS GAMING SERVICES, INC.

	 
	 

	 
	By: /s/ LJ Williams

	 
	Name: LJ Williams

	 
	Title: Secretary

GLOBAL PAYMENTS INC.
HEARTLAND INCREMENTAL TERM B LOAN LENDER JOINDER AGREEMENT

	
		
	ADMINISTRATIVE AGENT:    
	BANK OF AMERICA, N.A.,

	 
	as Administrative Agent

	 
	 

	 
	By: /s/ Maura E. Washington

	 
	Name: Maura E. Washington

	 
	Title:Vice President

GLOBAL PAYMENTS INC.
HEARTLAND INCREMENTAL TERM B LOAN LENDER JOINDER AGREEMENT

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