Document:

Stock Purchase Agreement

 Exhibit 10.1 
 SECURITIES PURCHASE AGREEMENT 
 among

 MONEY TRANSFER ACQUISITION INC. 
 “Purchaser” 
 and 
 GLOBAL PAYMENTS INC., GP FINANCE, INC., LATIN AMERICA 
 MONEY SERVICES, LLC AND DOLEX EUROPE, S.L. 
 “Shareholders”

 Dated as of November 18, 2009 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
			
	 Article 1
	  	 PURCHASE AND SALE OF THE SHARES
	  	2
	   1.1
	  	 Purchase and Sale of the Shares
	  	2
	   1.2
	  	 Purchase Price
	  	2
	   1.3
	  	 Purchase Price Adjustment
	  	2
	   1.4
	  	 Payment of Purchase Price
	  	5
	   1.5
	  	 Allocation of Purchase Price
	  	5
	 Article 2
	  	 PROCEDURE FOR CLOSING
	  	6
	   2.1
	  	 Time and Place of Closing
	  	6
	   2.2
	  	 Transactions at the Closing
	  	6
	 Article 3
	  	 REPRESENTATIONS AND WARRANTIES OF SHAREHOLDERS
	  	7
	   3.1
	  	 Organization and Qualification
	  	7
	   3.2
	  	 No violation
	  	9
	   3.3
	  	 Power and Authority; Validity; Enforceability
	  	9
	   3.4
	  	 Financial Statements; Books and Records; and Deficiencies
	  	9
	   3.5
	  	 Property
	  	11
	   3.6
	  	 Material Contracts
	  	13
	   3.7
	  	 Intellectual Property
	  	14
	   3.8
	  	 Environmental Matters
	  	17
	   3.9
	  	 Litigation
	  	18
	   3.10
	  	 Absence of Certain Changes
	  	18
	   3.11
	  	 Labor Matters
	  	20
	   3.12
	  	 Employee Benefit Plans
	  	21
	   3.13
	  	 Taxes
	  	25
	   3.14
	  	 Compliance with Laws; Permits and Orders
	  	27
	   3.15
	  	 Brokers and Finders
	  	29
	   3.16
	  	 Company Indebtedness; Undisclosed Liabilities
	  	29
	   3.17
	  	 Insurance
	  	30
	   3.18
	  	 Certain Payments
	  	30
	   3.19
	  	 Affiliated Transactions
	  	31

  

 -i- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
			
	   3.20
	  	 Powers of Attorney
	  	31
	   3.21
	  	 Bank and Other Accounts
	  	31
	   3.22
	  	 Data Privacy
	  	32
	   3.23
	  	 Agents
	  	32
	   3.24
	  	 Correspondents
	  	32
	   3.25
	  	 Seller Guaranties
	  	32
	   3.26
	  	 Acquisitions
	  	32
	   3.27
	  	 Business
	  	33
	   3.28
	  	 Weekend Advances
	  	33
	   3.29
	  	 Other Company Stores
	  	33
	   3.30
	  	 Material Information
	  	33
	 Article 4
	  	 REPRESENTATIONS AND WARRANTIES OF PURCHASER
	  	33
	   4.1
	  	 Organization and Qualification
	  	33
	   4.2
	  	 Authority
	  	33
	   4.3
	  	 Litigation
	  	34
	   4.4
	  	 Governmental Approval and Consents
	  	34
	   4.5
	  	 Brokers and Finders
	  	34
	   4.6
	  	 Financing
	  	34
	   4.7
	  	 Change of Control Requirements
	  	34
	   4.8
	  	 Securities Act
	  	35
	 Article 5
	  	 COVENANTS OF SHAREHOLDERS
	  	35
	   5.1
	  	 Access and Information
	  	35
	   5.2
	  	 Conduct of Business Prior to Closing
	  	35
	   5.3
	  	 Other Transactions
	  	38
	   5.4
	  	 Required Approvals
	  	38
	   5.5
	  	 Transition Services
	  	39
	   5.6
	  	 Additional Financial Statements
	  	40
	   5.7
	  	 Working Capital
	  	40
	   5.8
	  	 New Correspondent Agreements
	  	40
	   5.9
	  	 AT&T Agreement
	  	40

  

 -ii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
			
	   5.10
	  	 Renewal of Trademarks
	  	41
	   5.11
	  	 Europhil 2009 Audited Financials
	  	41
	   5.12
	  	 Stored Value Platform
	  	41
	 Article 6
	  	 MUTUAL COVENANTS
	  	42
	   6.1
	  	 Governmental Filings
	  	42
	   6.2
	  	 Further Mutual Covenants
	  	43
	   6.3
	  	 Guarantees
	  	43
	   6.4
	  	 Commercially Reasonable Efforts
	  	43
	 Article 7
	  	 CONDITIONS PRECEDENT TO OBLIGATIONS OF PURCHASER
	  	43
	   7.1
	  	 Certificate Regarding Representations and Warranties
	  	43
	   7.2
	  	 Compliance by Shareholders
	  	44
	   7.3
	  	 No Injunction; Etc
	  	44
	   7.4
	  	 Consents; Authorizations; Approval of Legal Matters
	  	44
	   7.5
	  	 HSR Act
	  	44
	   7.6
	  	 Certified Resolutions
	  	44
	   7.7
	  	 Incumbency
	  	45
	   7.8
	  	 Certified Documents
	  	45
	   7.9
	  	 Government Consents
	  	45
	   7.10
	  	 Purchase Documents
	  	45
	   7.11
	  	 No Material Adverse Change
	  	45
	   7.12
	  	 Releases
	  	46
	   7.13
	  	 Resignations of Officers and Directors
	  	46
	   7.14
	  	 No Claim Regarding Securities Ownership or Sale Proceeds
	  	46
	   7.15
	  	 Termination of Agreements
	  	46
	   7.16
	  	 HSBC Line of Credit
	  	46
	   7.17
	  	 American State Bank
	  	46
	   7.18
	  	 FIRPTA Certificates
	  	47
	   7.19
	  	 Surety Bond
	  	47
	   7.20
	  	 Estimated Closing Statement
	  	47

  

 -iii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
			
	   7.21
	  	 Europhil 2009 Audit
	  	47
	 Article 8
	  	 CONDITIONS PRECEDENT TO OBLIGATIONS OF Shareholders
	  	47
	   8.1
	  	 Certificate Regarding Representations and Warranties
	  	47
	   8.2
	  	 Compliance by Purchaser
	  	48
	   8.3
	  	 No Litigation; Etc
	  	48
	   8.4
	  	 Antitrust
	  	48
	   8.5
	  	 Certified Resolutions
	  	48
	   8.6
	  	 Incumbency
	  	49
	   8.7
	  	 Government Consents
	  	49
	   8.8
	  	 Purchase Documents
	  	49
	   8.9
	  	 Payment of Purchase Price
	  	49
	   8.10
	  	 Guarantees
	  	49
	   8.11
	  	 Surety Bond
	  	49
	 Article 9
	  	 POST CLOSING MATTERS
	  	49
	   9.1
	  	 Employee Benefit Plans
	  	49
	   9.2
	  	 Retention of Records
	  	50
	   9.3
	  	 Further Assurances
	  	51
	   9.4
	  	 Noncompetition and Nonsolicitation
	  	51
	 Article 10
	  	 CONFIDENTIALITY; PUBLIC ANNOUNCEMENTS
	  	53
	   10.1
	  	 Confidentiality
	  	53
	   10.2
	  	 Public Announcements
	  	53
	 Article 11
	  	 TERMINATION
	  	54
	   11.1
	  	 Termination
	  	54
	   11.2
	  	 Effect of Termination
	  	54
	   11.3
	  	 Break Fee
	  	54
	 Article 12
	  	 INDEMNIFICATION
	  	55
	   12.1
	  	 Agreement of Shareholders to Indemnify
	  	55
	   12.2
	  	 Agreement of Purchaser to Indemnify
	  	56
	   12.3
	  	 Procedures for Indemnification
	  	56

  

 -iv- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
			
	   12.4
	  	 Defense of Third Party Claims
	  	57
	   12.5
	  	 Settlement of Third Party Claims
	  	58
	   12.6
	  	 Duration
	  	58
	   12.7
	  	 Limitations
	  	58
	   12.8
	  	 Adjustment to Purchase Price
	  	59
	   12.9
	  	 Insurance
	  	60
	   12.10
	  	 Subrogation Rights
	  	60
	   12.11
	  	 Exclusive Remedy
	  	60
	 Article 13
	  	 APPOINTMENT OF SHAREHOLDERS REPRESENTATIVE
	  	61
	   13.1
	  	 Appointment of Shareholders’ Representative; Acceptance; Effectiveness
	  	61
	 Article 14
	  	 TAX MATTERS
	  	62
	   14.1
	  	 Filing Responsibility
	  	62
	   14.2
	  	 Tax Indemnification
	  	63
	   14.3
	  	 Tax Contests
	  	63
	   14.4
	  	 Coordination with Article 12
	  	64
	   14.5
	  	 Access and Assistance
	  	65
	   14.6
	  	 Transfer Taxes
	  	65
	   14.7
	  	 Post-Signing Tax Actions
	  	65
	   14.8
	  	 338(h)(10) Elections
	  	66
	   14.9
	  	 Tax Sharing Agreements
	  	66
	   14.10
	  	 Tax Refunds and Tax Benefits
	  	67
	 Article 15
	  	 GENERAL PROVISIONS
	  	67
	   15.1
	  	 Definitions
	  	67
	   15.2
	  	 Arbitration
	  	81
	   15.3
	  	 Fees and Expenses
	  	82
	   15.4
	  	 Notices
	  	83
	   15.5
	  	 Assignment
	  	84
	   15.6
	  	 No Benefit to Others
	  	84
	   15.7
	  	 Headings and Gender; Construction; Interpretation
	  	84

  

 -v- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
			
	   15.8
	  	 Counterparts
	  	85
	   15.9
	  	 Actions of the Company
	  	85
	   15.10
	  	 Integration of Agreement
	  	85
	   15.11
	  	 Waiver
	  	86
	   15.12
	  	 Time of Essence
	  	86
	   15.13
	  	 Governing Law
	  	86
	   15.14
	  	 Partial Invalidity
	  	86
	   15.15
	  	 Investigation
	  	87

  

 -vi- 

			
	 Exhibit
	  	 Description

		
	 Exhibit A
	  	 Release

	 Exhibit B
	  	 Transition Services Agreement

	 Exhibit C
	  	 Sample Calculation of Minimum Weekend Cash

	 Exhibit D
	  	 Sample Calculation of Working Capital

  

 i 

			
	 Schedules
	 	 Description

		
	 Schedule 3.1(a)
	 	 Organization and Qualification

	 Schedule 3.1(b)
	 	 Company Subsidiary(ies)

	 Schedule 3.1(c)
	 	 Outstanding Capital Stock and Other Equity Interests

	 Schedule 3.1(d)
	 	 Shareholders

	 Schedule 3.2
	 	 No Violation

	 Schedule 3.4
	 	 Financial Statements

	 Schedule 3.5(a)
	 	 Owned Real Property

	 Schedule 3.5(a)(ii)
	 	 Owned Real Property Liens

	 Schedule 3.5(a)(iii)
	 	 Owned Real Property Claims

	 Schedule 3.5(b)
	 	 Leased Real Property

	 Schedule 3.5(c)
	 	 Personal Property Lease(s)

	 Schedule 3.6
	 	 Material Contracts

	 Schedule 3.7(a)
	 	 Intellectual Property

	 Schedule 3.7(b)
	 	 Grants of Licenses or Other Rights to Company Intellectual Property Rights

	 Schedule 3.7(c)
	 	 Licensed Intellectual Property Rights

	 Schedule 3.7(e)
	 	 Company Owned Software

	 Schedule 3.8
	 	 Environmental Matters

	 Schedule 3.9
	 	 Litigation

	 Schedule 3.10
	 	 Absence of Certain Changes

	 Schedule 3.11
	 	 Labor and Employment Matters

	 Schedule 3.12
	 	 Employee Benefit Plans

	 Schedule 3.12(d)
	 	 ERISA

	 Schedule 3.12(i)
	 	 Employee Payments

	 Schedule 3.12(j)
	 	 Foreign Plan(s)

	 Schedule 3.13
	 	 Taxes

	 Schedule 3.13(f)
	 	 Company Tax Returns

	 Schedule 3.14(a)
	 	 Compliance with Laws; Permits and Orders

	 Schedule 3.14(b)
	 	 Money Transmitter Licenses and Material Permits

	 Schedule 3.14(d)
	 	 Wire Transfers

	 Schedule 3.15
	 	 Company Brokers and Finders

	 Schedule 3.16(a)
	 	 Company Indebtedness

	 Schedule 3.17(a)
	 	 Surety, Indemnity, and Other Bonds

	 Schedule 3.17(b)
	 	 Applicable Policies

	 Schedule 3.18(b)
	 	 Export Control and Trade Embargo Laws

	 Schedule 3.18(c)
	 	 Antiboycott Prohibitions and Exports

	 Schedule 3.19
	 	 Affiliated Transactions

	 Schedule 3.20
	 	 Powers of Attorney

	 Schedule 3.21
	 	 Bank and Other Accounts

	 Schedule 3.24
	 	 Correspondents

	 Schedule 3.25
	 	 Seller Guaranties

	 Schedule 3.26
	 	 Acquisitions

	 Schedule 3.28
	 	 Weekend Advances

	 Schedule 4.4
	 	 Purchaser Governmental Approval and Consents

  

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	 Schedule 4.5
	 	 Purchaser Brokers and Finders

	 Schedule 4.7
	 	 Change of Control Requirements

	 Schedule 7.4
	 	 Consents

	 Schedule 7.9
	 	 Company Government Consents

	 Schedule 8.7
	 	 Purchaser Government Consents

	 Schedule 9.1
	 	 Post Closing Employee Benefit Plans Obligations

	 Schedule 12.1
	 	 Additional Indemnification

	 Schedule 15.1(b)
	 	 Dolex Envíos Standard Employment Letter(s) and Europhil Standard Employment Letter(s)

  

 ii 

 SECURITIES PURCHASE AGREEMENT 
 THIS SECURITIES PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of
November 18, 2009, among Money Transfer Acquisition Inc., a Delaware corporation (“Purchaser”), Global Payments Inc., a Georgia corporation (“GPN”), GP Finance, Inc., a Delaware corporation (“GP
Finance”), Latin America Money Services, LLC, a Delaware limited liability company (“LAMS”), and Dolex Europe, S.L., a sociedad de responsabilidad limitada organized under the laws of Spain (“Dolex
Europe”) (collectively, “Shareholders” or “Sellers”, each a “Shareholder” or “Seller”). 
 Background 
 GPN owns all of the issued and outstanding
membership interests of and is the sole member of LAMS. 
 LAMS owns all of the issued and outstanding shares of
the capital stock of Dolex Dollar Express, Inc., a Texas corporation (“Dolex Dollar”), which in turns owns (a) Forty-Nine Thousand Nine Hundred Ninety-Nine (49,999) Class A shares and Thirteen Million Eight Hundred
Fifty Thousand (13,850,000) Class B shares of the issued and outstanding shares of Dolex Envíos, S.A. de C.V. (“Dolex Envíos”), a sociedad anonima de capital variable organized under the laws of Mexico
and (b) Four Thousand Nine Hundred Ninety-Nine (4,999) shares of Dolex Envíos de Guatemala, S.A., a sociedad anonima organized under the Laws of Guatemala (“Dolex Guatemala”). 
 GP Finance owns (a) one (1) Class A share of the issued and outstanding shares of Dolex Envíos, which
are all of the issued and outstanding shares of Dolex Envíos that are not owned by Dolex Dollar, and (b) one (1) Class A share of the issued and outstanding shares of Dolex Guatemala, which are all of the issued and outstanding
shares of Dolex Guatemala that are not owned by Dolex Dollar. 
 Dolex Europe owns all of the issued and
outstanding shares of the share capital of United Europhil, S.A. (“Europhil”), a sociedad anonima organized under the Laws of Spain. 
 The membership interests, shares of capital stock or other equity interests of Dolex Dollar, Dolex Envíos (other than shares of Dolex Envíos owned by Dolex Dollar),
Dolex Guatemala (other than shares of Dolex Guatemala owned by Dolex Dollar) and Europhil shall be referred to as the “Shares.” 
 Dolex Dollar, Dolex Envíos, Dolex Guatemala and Europhil shall be collectively referred to herein as the “Companies,” and each a “Company.” All references to a
Company shall also include references to the Subsidiaries of such Company. 
 Shareholders desire to sell and
Purchaser desires to purchase the Shares, for the consideration and on the terms set forth in this Agreement. 

 Certain capitalized terms used in this Agreement are defined in
Section 15.1 of this Agreement. 
 In consideration of the mutual representations, warranties, covenants
and agreements contained in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 
 ARTICLE 1 
 PURCHASE AND SALE OF THE SHARES

 1.1 Purchase and Sale of the Shares. 
 On and subject to the terms and conditions of this Agreement, at the Closing, Shareholders shall sell, and Purchaser shall purchase, the Shares free and clear of any and all Liens,
except for restrictions on resale pursuant to applicable state and federal securities laws. 
 1.2 Purchase Price.

 The purchase price for the Shares shall be an amount equal to (such amount, the “Purchase
Price”): (a) the Company Value as of the end of the month preceding the Closing Date, plus, (b) the Operating Working Capital, minus (c) the Minimum Weekend Cash, provided that if the Company Value is
less than Eighty-Five Million Dollars ($85,000,000.00) plus the Minimum Weekend Cash, then the Minimum Weekend Cash shall be reduced on a dollar for dollar basis by the difference between (i) Eighty-Five Million Dollars ($85,000,000.00)
plus the Minimum Weekend Cash and (ii) the Company Value. For illustrative purposes only, if (A) Minimum Weekend Cash equals $6,500,000, and (B) Company Value equals $92,000,000 (Company Value is greater than $91,500,000, which
is $85,000,000 plus $6,500,000), then there shall be no reduction to the Minimum Weekend Cash and the Purchase Price shall be reduced by a Minimum Weekend Cash amount equal to $6,500,000, so in this example the Purchase Price without other
adjustments pursuant to this Section 1.2 would be $85,500,000. Alternatively, for example, if (1) Minimum Weekend Cash equals $6,500,000, and (2) Company Value equals $90,000,000 (Company Value is less than $91,500,000, which is
$85,000,000 plus $6,500,000), then Minimum Weekend Cash shall be reduced by an amount equal to $1,500,000 ($91,500,000 less the Company Value of $90,000,000) to $5,000,000 and the Purchase Price shall be reduced by a Minimum Weekend Cash amount
equal to $5,000,000, so in this example the Purchase Price without other adjustments pursuant to this Section 1.2 would be $85,000,000. 
 1.3 Purchase Price Adjustment. 
 (a) Subject to compliance
with Sections 5.2(v) and 5.7 hereof, prior to the Closing Date, the Shareholders shall (and shall be entitled to) withdraw cash from each Company in an amount equal to the Working Capital, if a positive number, as of the most recent date preceding
the Closing Date that the Working Capital can be calculated. 
  

 2 

 (b) Within ninety (90) days after the Closing Date, Purchaser may
deliver to the Shareholders’ Representative a statement (the “Purchaser Closing Statement”), setting forth the Purchaser’s determination of the Purchase Price, including the Operating Working Capital and the other
components of the Purchase Price as of the Closing Date, calculating the components of the Purchase Price including the Operating Working Capital described in Section 1.2 hereof, which shall be prepared and calculated in accordance with this
Agreement. 
 (c) After the receipt by the Shareholders’ Representative of the Purchaser Closing Statement
and until such time as the final Purchase Price is determined in accordance with this Section 1.3, the Shareholders’ Representative and its authorized representatives shall have full access during reasonable business hours upon prior
written notice to the working papers of Purchaser, the Companies and their respective representatives relating to the Purchaser Closing Statement and the calculations set forth thereon. Unless the Shareholders’ Representative, within thirty
(30) days after receipt of the Purchaser Closing Statement, gives Purchaser written notice objecting thereto and specifying, in reasonable detail, the basis for each such objection and the amount in dispute (“Notice of
Objection”), such Purchaser Closing Statement and the final Purchase Price resulting therefrom shall be binding upon Purchaser and the Shareholders. Any Notice of Objection shall specify (i) in reasonable detail the nature and amount
of any disagreement so asserted, and (ii) only include disagreements based on the differences between the Estimated Closing Statement and the Purchaser Closing Statement and the calculation of the components of the Purchase Price in accordance
with Section 1.2 hereof not being prepared and calculated in accordance with this Agreement. If a timely Notice of Objection is received by Purchaser, then the Purchaser Closing Statement (as revised in accordance with clauses (A) or
(B) below) shall become final and binding upon the Parties on the earlier of (A) the date the Shareholders’ Representative and Purchaser resolve in writing any differences they have with respect to any matter specified in the Notice
of Objection and (B) the date any matters properly in dispute are finally resolved in writing by the Accounting Firm (as defined below). During the thirty (30) days immediately following the delivery by the Shareholders’
Representative to Purchaser of a Notice of Objection, the Shareholders’ Representative and Purchaser shall seek in good faith to resolve in writing any differences that they may have with respect to any matter specified in the Notice of
Objection. At the end of such thirty (30) day period, the Shareholders’ Representative and Purchaser shall submit to an accounting firm jointly selected by the Shareholders’ Representative’s accountants and the Purchaser’s
accountants (the “Accounting Firm”) for review and resolution of any and all matters (but only such matters) which remain in dispute. Purchaser and the Shareholders’ Representative shall instruct their respective accountants to
select the Accounting Firm in good faith within ten (10) days of the conclusion of the aforementioned 30-day period. If either the Purchaser’s or the Shareholders’ Representative’s accountants shall not be willing to select the
Accounting Firm within such 10-day period, the other accountant shall select the accounting firm. If the Purchaser’s or the Shareholders’ Representative’s accountants cannot agree upon the Accounting Firm within such 10-day period,
within an additional five (5) days, they shall each designate an accounting firm who has not performed work in the last two (2) years for either the Shareholders or Purchaser or their respective Related Persons and the Accounting Firm
shall be selected by lot from those

  

 3 

 
two (2) accounting firms. If only one of the Shareholders’ Representative’s and Purchaser’s accountants shall so designate a name of an accounting firm for selection by lot,
such accounting firm shall be the Accounting Firm. The Accounting Firm so selected shall be instructed to review and resolve any and all matters (but only such matters) which remain in dispute and which were properly included in the Notice of
Objection. Purchaser and the Shareholders’ Representative shall instruct the Accounting Firm to make a final determination of the items included in the Purchaser Closing Statement (to the extent such amounts are in dispute) in accordance with
the guidelines and procedures set forth in this Agreement. Purchaser and the Shareholders’ Representative will cooperate with the Accounting Firm during the term of its engagement. Purchaser and the Shareholders’ Representative shall
instruct the Accounting Firm not to assign a value to any item in dispute greater than the greatest value for such item assigned by Purchaser, on the one hand, or the Shareholders’ Representative, on the other hand, or less than the smallest
value for such item assigned by Purchaser, on the one hand, or the Shareholders’ Representative, on the other hand. Purchaser and the Shareholders’ Representative shall also instruct the Accounting Firm to make its determination based
solely on presentations by Purchaser and the Shareholders’ Representative that are in accordance with the guidelines and procedures set forth in this Agreement (i.e., not on the basis of an independent review). Notwithstanding the
foregoing, if the Accounting Firm shall disregard the Purchaser and the Shareholders’ Representative’s instructions in performing its services under this Section 1.3(c), the Accounting Firm’s final resolution shall remain binding
as set forth below. The Purchaser Closing Statement and the resulting final Purchase Price shall become final and binding on the Parties on the date the Accounting Firm delivers its final resolution in writing to Purchaser and the Shareholders’
Representative (which final resolution shall be requested by the Parties to be delivered not more than forty-five (45) days following submission of such disputed matters). All of the fees and expenses of the Accounting Firm pursuant to this
Section 1.3(c) shall be borne equally by the Shareholders’ Representative and the Purchaser. 
 (d) If
the final Purchase Price (as determined pursuant to Section 1.3(c)) exceeds the Estimated Purchase Price, then Purchaser shall pay the Shareholders’ Representative, for the benefit of the Shareholders, the amount of such excess, as
directed by the Shareholders’ Representative. If the final Purchase Price (as determined pursuant to Section 1.3(c)) is less than the Estimated Purchase Price, then the Shareholders shall pay the Purchaser the amount of such
shortfall, as directed by the Purchaser. Payments pursuant to this Section 1.3(d) shall be made by wire transfer of immediately available funds as follows: (i) if no Notice of Objection is delivered by the Shareholders’
Representative, such amount shall be paid within three (3) Business Days of the earlier of the expiration of the thirty (30) day period for delivery of such Notice of Objection and the date of delivery by the Shareholders’
Representative of written notice that the Purchaser Closing Statement will be accepted without objection; or (ii) if Notice of Objection is delivered by the Shareholders’ Representative, (A) any net undisputed amount due from
Shareholders to Purchaser or from Purchaser to Shareholders (as the case may be) shall be paid within three (3) Business Days after delivery of such Notice of Objection, and (B) the remaining amount, if any, due from Shareholders to
Purchaser or Purchaser to Shareholders (as the case may be) shall be paid within three (3) Business Days after the date all disputed items are finally resolved pursuant to Section 1.3(c). Any

  

 4 

 
payments owed to the Shareholders by Purchaser under this Section 1.3(d) shall be deposited in an account or accounts designated by the Shareholders’ Representative. Any payments owed
to Purchaser by Shareholders under this Section 1.3(d) shall be deposited in an account or accounts designated by Purchaser. Any amounts not paid when required pursuant to this Section 1.3(d) shall bear interest compounded annually from
the required date of payment to the date of actual payment at the prime rate of interest reported from time to time in The Wall Street Journal, Eastern Edition, as the prime rate plus five percent (5%). 
 1.4 Payment of Purchase Price. 
 On the Closing Date, Purchaser shall pay or deliver to Shareholders the Estimated Purchase Price by wire transfer in immediately available funds to an account designated in writing at least three
(3) Business Days prior to Closing by Shareholders, net of any Tax withholdings required in connection with the Shares of Dolex Envíos or Dolex Guatemala owned by GP Finance. A Federal Reserve Reference Number shall be requested by
Purchaser at the time of the transfer for the purpose of assisting Shareholders in confirming receipt of the transfer. 
 1.5
Allocation of Purchase Price. 
 Prior to Closing, Purchaser and Shareholders shall mutually agree upon a
statement (the “Allocation Statement”) setting forth the value of the purchased assets which shall be used for the allocation of the Purchase Price (together with any assumed liabilities) among the purchased assets. The Allocation
Statement will reflect an allocation of the Purchase Price to Dolex Dollar (with Four Million Four Hundred Thousand Dollars ($4,400,000) of the amount allocated to Dolex Dollar to be allocated to Dolex Envíos) and Europhil pro rata based upon
the percentage of TTM EBITDA as of the end of the month prior to the Closing Date allocable to their respective operations. The Allocation Statement shall be determined in accordance with Section 1060 of the Code and the applicable Treasury
Regulations. Shareholders and Purchaser agree to report an allocation of such Purchase Price among the purchased assets in a manner entirely consistent with the Allocation Statement and agree to act in accordance with such Allocation Statement in
the preparation of financial statements and filing of all Tax Returns (including, without limitation, filing Internal Revenue Service Form 8594 with its federal income tax return for the taxable year that includes the Closing Date) and in the course
of any Tax audit, Tax review or Tax litigation matter relating hereto. To the extent that the Purchase Price is adjusted pursuant to this Agreement, the Allocation Statement shall be adjusted accordingly and the Purchaser and Shareholders shall file
supplement Internal Revenue Service Form 8594s consistent with such adjustment. 
  

 5 

 ARTICLE 2 
 PROCEDURE FOR CLOSING 
 2.1 Time and Place of Closing. 

The consummation of the purchase and sale contemplated by this Agreement (the “Closing”) shall be held
at the offices of Alston & Bird LLP, 90 Park Avenue, New York, New York 10016 as soon as possible, but in no event earlier than fifteen (15) Business Days after satisfaction or waiver of the conditions set forth in Article 7 and
Article 8 (other than those conditions that by their terms are to be satisfied at Closing, but subject to the satisfaction or waiver of such conditions), commencing at 10:00 A.M., local time, or at such other time and place (including remotely via
the exchange of documents and signatures) as the Parties hereto may agree in writing (the date on which the Closing actually occurs is hereinafter referred to as the “Closing Date”). The Closing shall be effective as of 12:01 AM
local time on the Closing Date (the “Effective Time”). 
 2.2 Transactions at the Closing. 

At the Closing, each of the following shall be delivered: 
 (a) Shareholders shall deliver to Purchaser (i) certificates representing the Shares, duly endorsed (or accompanied by
duly executed stock powers, (A) including in the case of the Dolex Envíos shares owned by GP Finance, showing the legend “endoso en propiedad” or (B) including in the case of the Dolex Guatemala shares owned by GP
Finance, showing any legend or with any other instrument required to transfer such shares in accordance with applicable Laws) for transfer to Purchaser; provided that, in the case of Europhil, Dolex Europe shall deliver to Purchaser deeds proving
the subscription or purchase of shares by Dolex Europe, duly stamped by the notary public, (ii) if any of the shares of Dolex Envíos or Dolex Guatemala owned by Dolex Dollar are not in the possession of or registered in the name of Dolex
Dollar certificates representing such Shares of Dolex Envíos or Dolex Guatemala issued in the name of Dolex Dollar, (iii) to the extent not in the possession of any Company, minute books, share, membership or other equity interest
transfer ledgers, registers or records and other corporate records of the Companies, including, without limitation, copies of the instructions to the corporate secretary of Dolex Envíos and of Dolex Guatemala, as applicable, to make the
necessary notations in the stock register of each Company reflecting the transfer of the Shares as set forth herein, and (iv) the items set forth in Article 7. The documents and certificates to be delivered hereunder by or on behalf of
Shareholders on the Closing Date shall be in form and substance reasonably satisfactory to Purchaser and its counsel. 
 (b) Purchaser shall deliver to Shareholders (i) by wire transfer of immediately available funds to an account designated by the Shareholders an amount equal to the Estimated Purchase Price and (ii) the items set forth in Article
8. The documents and certificates to be delivered hereunder by or on behalf of the Purchaser on the Closing Date shall be in form and substance reasonably satisfactory to the Shareholders and their counsel. 
  

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 ARTICLE 3 
 REPRESENTATIONS AND WARRANTIES OF SHAREHOLDERS 
 Each of
the Shareholders, jointly and severally, hereby represent and warrant to Purchaser that: 
 3.1 Organization and
Qualification. 
 (a) Dolex Dollar is a corporation duly organized, validly existing and in good standing
under the Laws of the State of Texas. Europhil is a sociedad anonima duly organized, validly existing and in good standing under the Laws of Spain. Dolex Envíos is a sociedad anonima de capital variable duly organized, validly
existing and in good standing under the Laws of Mexico. Dolex Guatemala is a sociedad anonima duly organized, validly existing and in good standing under the Laws of Guatemala. The Companies are respectively duly qualified and in good
standing as a foreign limited liability company, foreign corporation, sociedad anonima or sociedad anonima de capital variable in each of the jurisdictions set forth by their name on Schedule 3.1(a), which are all jurisdictions
where the nature and conduct of their respective businesses as now conducted requires such qualification, registration or licensing, except where the failure to be so qualified, registered or licensed could not reasonably be expected to have a
Material Adverse Effect. Shareholders have furnished to Purchaser a complete and correct copy of the Companies’ respective Organizational Documents, each as amended or restated, as currently in effect and as in effect as of the Closing. The
Companies are not in violation of any of the provisions of their Organizational Documents. The minute books of the Companies respectively contain in all material respects complete and accurate records of all actions taken and resolutions adopted by
such Company’s board of directors (or similar governing body) and shareholders or equityholders, as applicable, since its organization. The stock, membership interest or other equity interest transfer ledger of each Company accurately reflects
the ownership of the capital stock, membership interest or other equity interests of such Company. Complete and accurate copies of all the minute books of the Companies and the stock (or membership interest or other equity interest) transfer ledger
of the Companies have been provided to Purchaser. 
 (b) Each Subsidiary of any Company is set forth on
Schedule 3.1(b). The Companies’ ownership of the outstanding shares of capital stock or other equity interests of each Subsidiary is reflected on Schedule 3.1(b) and, with respect to each Subsidiary that is not
wholly-owned by the Companies, any Person that owns any shares of capital stock or equity interests in such Subsidiary. Each Subsidiary is validly existing and in good standing under the laws of the state or country of its incorporation or formation
as set forth on Schedule 3.1(b). Each Subsidiary is duly qualified, registered or licensed to do business, as applicable, and in good standing as a foreign corporation or similar entity in all jurisdictions where the nature or conduct of
its business as now conducted requires such qualification, registration or licensing, except where the failure to be so qualified, registered or licensed could not reasonably be expected to have a Material Adverse Effect. A correct and complete copy
of the Organizational Documents, each as amended or restated as currently in effect and as in effect as of the Closing, of each Subsidiary has been provided to Purchaser. No Subsidiary is in violation of any of the provisions of its Organizational
Documents. 
  

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 (c) All of the issued and outstanding shares of capital stock or other
equity interests of each class and series of the Companies are identified on Schedule 3.1(c) and, on the date hereof, are duly and validly issued and outstanding and are fully paid and nonassessable and were issued pursuant to all
applicable federal, state or foreign securities laws. No shares of the capital stock or other equity interests of any class or series of the Companies are reserved for issuance. No Company has any obligation to issue any additional shares of its
capital stock or other equity interests of any class or series, or securities convertible into or exchangeable for shares of the capital stock or other equity interests of any class or series of the Companies. There are no outstanding rights to
either demand registration of any shares of the capital stock or other equity interests of any class or series of the Companies under the Securities Act or the securities laws of any country or Governmental Body or to sell any shares of the capital
stock or other equity interests of any class or series of the Companies in connection with such a registration. None of the Shares or any shares of the capital stock or other equity interests of any Subsidiary of any Company has been issued in
violation of any preemptive rights of the current or past shareholders or other equity owners of the Companies. No Rights relating to the Shares or any shares of the capital stock or other equity interests of any Subsidiary of any Company are issued
or outstanding nor are there any agreements, written or oral, providing for the issuance of any Rights relating to the capital stock or other equity interests of any class or series of the Companies. Neither the Companies nor any Subsidiary owns, or
has any Contract or Right to acquire, any equity securities or other securities of any Person or any direct or indirect equity or ownership interest in any other business or Person. 
 (d) Each Shareholder is the owner of all right, title and interest (legal and beneficial) in and to that number of Shares
set forth next to its name on Schedule 3.1(d) which combined represent 100% of the Shares and each Company is the owner of all right, title and interest (legal and beneficial) in and to that number of shares of capital stock or other
equity interests of the Subsidiary of a Company set forth next to its name on Schedule 3.1(d), free and clear of all Liens, except for restrictions on resale pursuant to applicable state, federal and foreign securities Laws. Upon
delivery of certificates representing the Shares to be sold by Shareholders hereunder and payment therefor pursuant to this Agreement, good, valid and marketable title to such Shares, free and clear of all Liens, will be transferred to the Purchaser
(except with respect to the shares of Europhil, which shall be transferred, at Closing, by means of the granting of a public deed before a Spanish notary public who will stamp the deeds delivered at Closing in accordance with Section 2.2(a) of
this Agreement). 
 (e) Notwithstanding anything to the contrary contained herein, Dolex Guatemala (i) has
not at any time engaged in any trade or business except to facilitate the opening of bank accounts and Correspondent Contracts (for Companies other than Dolex Guatemala) in connection with the business of the Companies, had any employees or owned or
leased any real property or tangible assets and (ii) does not now have any assets or properties (other than funds held in the bank accounts described in Schedule 3.21) or any Liabilities. 
  

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 3.2 No violation. 
 Except as set forth in Schedule 3.2, the execution, delivery and performance by each Shareholder of this Agreement or
any other instrument or document executed and delivered hereunder by such Shareholder and the consummation by such Shareholder of the transactions contemplated hereby: (a) does not conflict with the Organizational Documents of any Company or
any Shareholder, (b) does not violate any provisions of Law or any Order of any court or any Governmental Body to which any Shareholder or any Company is subject or by which any of their assets or properties are bound, (c) does not result
in the creation or imposition of any Lien on the Shares or on any assets or properties of any Company, and (d) does not conflict with, result in a breach of or constitute a Default under, any Contract to which any Shareholder or any Company is
a party or by which any Shareholder or any Company, or any of their assets or properties are bound. Except as set forth in Schedule 3.2, no notice to, filing with, or Consent of, any Governmental Body or any other Third Party is necessary for
the consummation by any Shareholder or any Company of the transactions contemplated in this Agreement. 
 3.3 Power and
Authority; Validity; Enforceability. 
 Each Shareholder is validly existing and in good standing under the
laws of the state or country of its incorporation or formation and has full power and authority to enter into the Purchase Documents to which it is a party, and to consummate the transactions contemplated hereby and thereby. The execution, delivery
and performance by each Shareholder of each of the Purchase Documents to which such Shareholder is a party has been duly and validly authorized and approved by all necessary action on the part of such Shareholder. The Purchase Documents to which
each Shareholder is, or at Closing will be, a party have been duly executed and delivered, and constitute legal, valid, and binding obligations of each Shareholder enforceable against such Shareholder in accordance with their respective terms,
except as enforceability may be limited by applicable equitable principles (whether applied in a proceeding at law or in equity) or by bankruptcy, insolvency, reorganization, moratorium, or similar Laws affecting creditors’ rights generally, by
the exercise of judicial discretion in accordance with general equitable principles, and by equitable defenses that may be applied to the remedy of specific performance. 
 3.4 Financial Statements; Books and Records; and Deficiencies. 
 (a) Schedule 3.4 contains complete and correct copies of the audited statement of income, balance sheet and cash flow from operations of each Company and its Subsidiaries (in some instances, consolidated or combined with a
Related Person) as of May 31, 2006, May 31, 2007, May 31, 2008 and May 31, 2009 and for the twelve months then ended (provided that the audited financial statements of Europhil as of and for the year ended May 31,
2009 are not included in Schedule 3.4) and the unaudited statement of income and balance sheet of Europhil (consolidating with a Related Person)

  

 9 

 
as of May 31, 2009 and for the twelve months then ended (the “Europhil 2009 Unaudited Financial Statements”, together with such audited financial statements, collectively,
the “Financial Statements”). Schedule 3.4 contains the (i) the consolidating unaudited balance sheets and related statements of income for Dolex Dollar, Dolex Guatemala and Dolex Envíos, (ii) unaudited
balance sheets and related statements of income for Europhil, and (iii) combining unaudited balance sheets and related statements of income for Dolex Dollar, Dolex Envíos, Dolex Guatemala and Europhil (combined with Dolex Europe and
LAMS), in each case as of and for the portion of the Companies’ fiscal year ended as of August 31, 2009, September 30, 2009 and October 31, 2009 (collectively, the “Interim Financial
Statements”). Schedule 3.4 contains, for the calendar months ended August 31, 2009, September 30, 2009 and October 31, 2009 a monthly reporting package, including without limitation a revenue summary and
branch metrics (the “Current Monthly Reporting Packages”). Except as set forth on Schedule 3.4, the Financial Statements (A) are in accordance with the Books and Records of each Company, (B) have been prepared in
accordance with GAAP and (C) present fairly the financial position of each Company as of the dates indicated and the results of its operations for the twelve-month period then ended. The Interim Financial Statements, Europhil 2009 Unaudited
Financial Statements and the Pre-Closing Financial Statements (1) are (or will be) in accordance with the Books and Records of each Company, (2) have been (or will have been) prepared in accordance with GAAP (except for the inclusion of
footnotes) and (3) present (or will present) fairly the financial position whether consolidated or combined, as the case may be, of Dolex Dollar, Dolex Envíos, Dolex Guatemala and Europhil as of the dates indicated. The Current Monthly
Reporting Packages have been and the Pre-Closing Monthly Reporting Packages will be prepared in accordance with the Books and Records of each Company. Purchaser acknowledges and agrees that the Financial Statements, the Pre-Closing Financial
Statements, Europhil 2009 Unaudited Financial Statements and Interim Financial Statements do not reflect the cost of Corporate Charges. 
 (b) No consultant, Governmental Body or auditor has notified the Shareholders or any Company of any deficiencies or risks in any such Company’s policies or procedures relating to (i) anti-money
laundering, (ii) blocked persons or sanctions administered by the Office of Foreign Assets Control of the U.S. Department of Treasury (OFAC), or (iii) the U.S. Foreign Corrupt Practices Act, as amended, and its purposes, and any other
anti-corruption law applicable in a jurisdiction in which any Company may have conducted business, which deficiency or risk has not been addressed to the reasonable satisfaction of such Governmental Body or auditor, and which deficiency or risk
could reasonably be expected to have a Material Adverse Effect on the applicable Company. 
 (c) As of the
Closing Date, none of the Companies shall have any GAAP Liabilities (other than current Liabilities included in the determination of Operating Working Capital). 
  

 10 

 3.5 Property. 
 (a) Schedule 3.5(a) contains a list of all Owned Real Property and of each obligation of the Companies or the
Subsidiaries to acquire any real property. 
 (i) The Shareholders have made available to Purchaser copies of
the deeds or other instruments (as recorded) by which the applicable Company or Subsidiary acquired such real property and interests, and copies of all title insurance policies in the possession or control of the Company, the Subsidiaries or any
Related Person. 
 (ii) The Company and the Subsidiaries own with good and marketable title all Owned Real
Property, and except as set forth on Schedule 3.5(a)(ii) there are no Liens thereon (other than Permitted Encumbrances). 
 (iii) Except as set forth on Schedule 3.5(a)(iii), there are no proceedings, claims, disputes or conditions affecting the Owned Real Property that could reasonably be expected to curtail or
interfere with the current use and operation of such Owned Real Property. 
 (iv) The applicable Company or
Subsidiary has all Permits (other than Permits under Money Transmitter Laws or relating to check cashing) for the activities conducted on the Owned Real Property and all utilities with respect to such Owned Real Property have been timely and
properly paid except, in each case, as such failure to have any such Permit or pay any such utility could not reasonably be expected to have a Material Adverse Effect. 
 (v) No Company conducts any business from, employs any Person at or has any property (other than fixtures relating to such Owned Real Property) at the Owned Real Property in Morocco.

 (b) Schedule 3.5(b) sets forth a list, including the address and monthly lease payment, of each lease
or similar agreement under which any Company or Subsidiary is lessee of, or holds or operates, any real property or interest in real property (the “Leased Real Property”). 
 (i) The Shareholders have provided or made available to Purchaser a true, correct and complete copy of each lease agreement
related to the Leased Real Property, as amended if applicable, and effective as of the date hereof (each such lease, a “Lease”). 
 (ii) The applicable Company or Subsidiary has good leasehold interests in the Leased Real Property, free and clear of all Liens (other than Permitted Encumbrances). 
 (iii) Each Lease is in full force and effect and there is no existing Default, real or claimed, or, to the Knowledge of the
Shareholders, event which with

  

 11 

 
notice or lapse of time or both could reasonably be expected to constitute a Default thereunder by the applicable Company or Subsidiary, or any other party to such Lease. 
 (c) Except for Permitted Encumbrances, each Company has good and marketable title to all of the tangible personal property
reflected as being owned by it on the Interim Financial Statements (except for personal property sold or otherwise disposed of since the Balance Sheet Date in the Ordinary Course of Business), which personal property constitutes, together with the
leased personal property described below, all personal property necessary for conducting the business of such Company as presently conducted. Schedule 3.5(c) sets forth a true and complete list of each lease, sublease or license under which a
Company is a lessee, lessor, sublessee, sublessor, licensee or licensor for personal property, and which provides for payments of more than $25,000 per year, has a term exceeding one (1) year and may not be canceled upon ninety (90) or
fewer days’ notice without any liability, penalty or premium (each, as amended and in effect, a “Personal Property Lease”). The personal property owned or leased by each Company, taken as a whole, is adequate and in a condition
sufficient to permit each Company to conduct its business in all material respects in the same manner as it is being conducted, subject to ordinary wear and tear. 
 (i) The Shareholders have provided or made available to Purchaser a true, correct and complete copy of each Personal Property Lease. 
 (ii) The applicable Company or Subsidiary has good leasehold interests in the Personal Property Leases, free and clear of
all Liens (other than Permitted Encumbrances). 
 (iii) Each Personal Property Lease is in full force and effect
and there is no existing Default, real or claimed, or, to the Knowledge of the Shareholders, event which with notice or lapse of time or both could reasonably be expected to constitute a Default thereunder by the applicable Company or Subsidiary, or
any other party to such Personal Property Lease. 
 (d) The assets of each Company, including without limitation
the Licenses, the Company Intellectual Property Rights, Permits, the Owned Real Property, the Leases, the Personal Property Leases and the Material Contracts, constitute all the material properties, assets and rights necessary to conduct the
business of such Company, are suitable for the purposes for which they are used and intended and are free and clear of all Liens (other than Permitted Encumbrances). At all times, each Company has caused its material tangible assets to be maintained
in good operating condition and repair, ordinary wear and tear excepted. All of the material tangible properties and assets owned, leased or used by any Company are located on property leased or owned by one of the Companies. 
 (e) Following the consummation of the transactions contemplated by this Agreement, each Company will continue to own,
pursuant to good and marketable title, or will continue to lease or license, under valid and enforceable leasehold or license

  

 12 

 
interests, free and clear of Liens other than Permitted Encumbrances, all material properties and assets. 
 3.6 Material Contracts. 
 Schedule 3.6 contains
a correct and complete list of the following Contracts pursuant to which any Company has any rights or benefits or undertakes any obligations or liabilities (collectively with all Leases, the “Material Contracts”), true and correct
copies of which Material Contracts have been made available to the Purchaser: 
 (a) all Contracts other than
Leases that have a duration of more than two (2) years remaining and are not terminable without penalty upon ninety (90) days or less prior written notice by any party; 
 (b) all Contracts that require or could reasonably be expected to require any party thereto to pay $100,000 or more in any
twelve (12) month period, or $500,000 or more in the aggregate; 
 (c) all employment (other than Europhil
Standard Employment Letters and Dolex Envíos Standard Employment Letters), termination, collective bargaining, retention, change in control, compensation and bonus Contracts and plans, and all Contracts and plans providing for stock options
or stock purchases, stock appreciation rights, pensions, severance payments (other than GPN Plans), deferred or incentive compensation, retirement payments or profit sharing, or other similar employee benefits with any current or (to the extent any
Company has ongoing obligations under such Contracts) former employee, officer, director, shareholder or consultant of any Company; 
 (d) all Contracts that contain any restrictive covenant or confidentiality agreement (other than agreements relating solely to information about a customer’s business or services provided to the
customer by the Company); 
 (e) all notes, bonds, indentures and other instruments and agreements evidencing,
creating or otherwise relating to obligations for Company Indebtedness and guarantees by a Company of obligations of any Person other than another Company (other than guarantees by way of endorsement or negotiable instruments in the Ordinary Course
of Business); 
 (f) all Contracts for capital expenditures under which any Company has remaining obligations in
excess of $100,000 each; 
 (g) Contracts under which any Company is obligated to indemnify any Person other
than agreements entered into in the Ordinary Course of Business; 
 (h) Contracts to loan money or extend credit
to any other Person; 
 (i) Contracts constituting Affiliate Agreements; 
  

 13 

 (j) Contracts with banks or other Persons or financial institutions to which
any Company transmits money for customers or uses for deposits other than customary Contracts entered into when opening or modifying accounts in the Ordinary Course of Business; 
 (k) Contracts with any Correspondent (the “Correspondent Contracts”); 
 (l) Contracts relating to the provision of any other services by a Company not relating to the transmission of money; or 
 (m) Contracts as to armored cars and coin and currency counting or pick-up. 
 Except as set forth in Schedule 3.6, (i) all of the Material Contracts are in full force and effect, no Company is in material Default under, and to the Knowledge of any Seller, no event
has occurred which, with the passage of time or giving of notice or both, could reasonably be expected to result in any Company being in material Default under, any of the terms of the Material Contracts or could reasonably be expected to cause the
acceleration of any material obligation of any Company, give rise to any right or termination or cancellation by any party other than the Companies, nor do the Sellers have Knowledge of, and no Company has received notice of, or made a written claim
with respect to, any Default by any other party thereto, and (ii) none of the Material Contracts requires the consent of any other party thereto in connection with the transactions contemplated by this Agreement. 
 3.7 Intellectual Property. 
 (a) Schedule 3.7(a) sets forth a correct and complete list as of the date hereof of all: (i) Registered Intellectual Property and, if applicable, the jurisdictions in which such Registered
Intellectual Property has been issued or registered or in which any application for such issuance or registration has been filed; and (ii) all unregistered trademarks, service marks, trade names, service names, or logos that are material to the
conduct of the Companies’ business. The Companies own all rights to the Registered Intellectual Property listed on Schedule 3.7(a), free and clear of all Liens (except for Permitted Encumbrances). The Companies have taken all actions
necessary to maintain the Registered Intellectual Property, including payment of applicable maintenance fees, filing of applicable statements of use, timely response to office actions and disclosure of any required information, and all assignments
(and licenses where required) of the Registered Intellectual Property have been duly recorded with the appropriate Governmental Body. Schedule 3.7(a) includes a correct and complete list of all material actions that must be taken with any
Governmental Body within ninety (90) days of the date hereof to maintain the registration of any Registered Intellectual Property. None of the Registered Intellectual Property has been adjudged invalid or unenforceable in whole or part and, to
the Knowledge of the Shareholders, all Registered Intellectual Property is subsisting, valid and enforceable. 
 (b) The business of the Companies, as presently conducted and as previously conducted prior to the Closing, or the ownership of any of the Company Intellectual

  

 14 

 
Property Rights does not and did not infringe, violate, or misappropriate any Intellectual Property Rights of any Person. There are no suits, actions or proceedings pending or, to the Knowledge
of the Shareholders, threatened with respect to the Companies or the conduct of their respective businesses infringing, violating or misappropriating the Intellectual Property Rights of any Person. The Company Owned Software and all Company
Intellectual Property Rights are owned by the Companies free and clear of all Liens (except for Permitted Encumbrances). Except as set forth on Schedule 3.7(b), the Companies have not granted any licenses or other rights to such Company Owned
Software or Company Intellectual Property Rights to any other Person (other than non-exclusive licenses granted in the Ordinary Course of Business). 
 (c) Schedule 3.7(c) contains a correct and complete list of all Intellectual Property Rights or any embodiments of any Intellectual Property Rights, such as Software, to which the Companies have
received a license or right to use (the “Licensed Intellectual Property Rights” and, when referring only to Software, the “Company Licensed Software”), except for Software non-exclusively licensed that is generally
available through retail stores, is otherwise subject to “shrink-wrap” or “click-through” license agreements, or is pre-installed in the Ordinary Course of Business as part of hardware (which, for purposes of clarity, remain
“Licensed Intellectual Property Rights” and “Company Licensed Software” but which are not required to be listed). No Company is in material Default under any license (each a “License Agreement”) to the Company
Licensed Software or to any other Licensed Intellectual Property Rights; nor, to the Knowledge of the Shareholders, is any other party thereto in Default under a License Agreement. Each such License Agreement is in full force and effect. The
execution, delivery and performance of this Agreement will not give rise to a termination of, or have a Material Adverse Effect on, the right of the Companies to use and enjoy the Company Licensed Software or any other Licensed Intellectual Property
Rights under the terms of the applicable License Agreements nor give rise to any termination right by the licensor or the right to increase fees or charge additional fees due to the consummation of the transactions contemplated under this Agreement.

 (d) The Company Intellectual Property Rights and the Licensed Intellectual Property Rights comprise all
material Intellectual Property Rights necessary and useful for the conduct of the Companies’ respective businesses, including without limitation all material Intellectual Property Rights used to run prepaid wireless, bill pay, the
“Amigo” card, the “Amigo Latino Plus” card and Correspondent interfaces. To the Knowledge of the Shareholders, the validity and ownership of the material Company Intellectual Property Rights, and the validity of the material
Licensed Intellectual Property Rights, has not been and is not being questioned or challenged in any Litigation and is not the subject of any threatened or proposed Litigation. 
 (e) Each Company owns, or possesses valid license rights in and to, the material computer software programs and database programs that are used in the conduct of such Company’s
business as conducted as of the date hereof (collectively, the “Software”), including Software related to money transfer services, back office applications, ancillary services (such as prepaid wireless and bill payment), the
“Amigo Latino” card, the “Amigo Latino Plus” card (stored value option) and Correspondent

  

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interfaces. Schedule 3.7(e) contains a correct and complete list and description of the material Software each Company developed and/or owns (the “Company Owned
Software”). The Company Owned Software was either: (i) developed by employees of the Companies within the scope of their employment and has been fully assigned to the respective Company by Law or by valid written agreements, including
without limitation any economic and moral rights that may otherwise belong to an employee, (ii) developed by independent contractors or consultants who have assigned all of their rights in and to the Company Owned Software to the Companies
pursuant to valid written agreements, or (iii) otherwise acquired by the Companies from a third party pursuant to a valid written assignment of rights to the applicable Company. The Companies have a complete copy of the source code and all
related computer files for the Company Owned Software necessary to allow a competent computer programmer familiar with software substantially similar to the Company Owned Software to compile object code versions of such Company Owned Software and
have not provided copies of such source code to any other Person (other than employees and consultants of the Companies or Related Persons of the Companies in the Ordinary Course of Business and subject to appropriate confidentiality restrictions).

 (f) The Company Owned Software, and, to the Knowledge of the Shareholders, all other Software used in the
Companies’ respective businesses, is free of all “viruses,” “worms,” “trojan horses,” “time bombs,” “back doors,” and other infections or harmful routines designed to disrupt, disable, harm,
distort or otherwise impede in any manner the legitimate operation of such Software, or any other associated Software, firmware, hardware, computer system or network. 
 (g) To the Knowledge of the Shareholders, no Person has gained unauthorized access to any IT Asset or data stored thereon (including any customer data or data about customers’
employees). “IT Assets” means computers, computer software, firmware, middleware, servers, workstations, routers, hubs, switches, data communications lines, and all other information technology equipment, and associated
documentation (excluding any public networks). 
 (h) No consultant, Governmental Body or auditor has notified
the Shareholders of any deficiencies or risks relating to the Companies’ information systems, including without limitation deficiencies or risks as to the architecture or functionality of any such information systems, which deficiency or risk
has not been addressed to the reasonable satisfaction of such Governmental Body or auditor and which deficiency or risk could reasonably be expected to have a Material Adverse Effect on the applicable Company. 
 (i) As of and following the Closing Date, (i) the Companies and their Related Persons will have a perpetual, worldwide,
royalty-free, transferrable (solely as set forth herein) license (the “SVP License”) to the stored value platform software developed by the Companies, GPN and their Related Persons, including rights to any software licensed or acquired
from FAL Software through the SVP Processing Transfer Date (together with each SVP Upgrade, the “Stored Value Platform Software”); (ii) the Companies’ rights under the SVP License shall be transferrable to Related Persons of the
Companies and in

  

 16 

 
connection with a sale of all or substantially all of the assets or stock of any Company or a Related Person of the Companies;, (iii) in the event a Company or a Related Person of a Company
seeks to transfer the SVP License other than in accordance with Section 3.7(i)(ii), such transfer shall be made only pursuant to a royalty sharing agreement between the Purchaser and GPN, which royalty sharing agreement the Purchaser and GPN
shall negotiate in good faith at fair market rates between the date hereof and the Closing Date, provided that if the Purchaser and GPN are unable to reach agreement on such royalty sharing agreement prior to the Closing Date, either the Purchaser
or GPN may submit the issues in dispute with respect to such royalty sharing agreement to an independent party for resolution (with such independent party being selected pursuant to the provisions of Section 15.2 if the Parties are unable to
agree to such independent party), with the parties equally bearing the costs of such process, (iv) the Companies shall be entitled to modify the SVP Source Code and incorporate it into other Software or create derivate works thereof,
(v) the Companies shall have no obligation to license any modifications of the SVP Source Code developed by it or on its behalf and the Companies shall have sole and exclusive ownership of such modifications, and (vi) the SVP License shall
also apply to any upgrade, modification, supplement or new version of the Stored Value Platform Software (an “SVP Upgrade”) that shall be developed on or before the date that processing of stored value cards ceases to be provided by the
Shareholders or one of their Related Persons under the Transition Services Agreement (the “SVP Processing Transfer Date”). As of the Closing Date, the Companies shall be provided with a copy of the SVP Source Code and the Shareholders
represent and warrant that they have no Knowledge of anyLiens on the SVP Source Code. Without the written consent of the Purchaser following the Closing, no Shareholder nor any Related Person of a Shareholder shall have any right to modify any of
the rights, obligations or interest of the Companies in the Stored Value Platform Software or the SVP Source Code granted herein. The copy of the SVP Source Code delivered to the Purchaser pursuant to Section 5.12 will be a true accurate and
complete copy of the SVP Source Code, as of the date it shall be delivered. GPN shall retain all ownership rights in the Stored Value Platform Software and any modifications to the Stored Value Platform Software made by GPN or on GPN’s behalf.

 3.8 Environmental Matters. 
 Except as set forth on Schedule 3.8: 
 (a) the business and operations of each Company have been and are now conducted in compliance with all applicable Environmental Laws; 
 (b) each Company has obtained all material Permits necessary or required under any applicable Environmental Laws to conduct and operate its business, each Company is in compliance with all terms,
conditions and provisions of each such Permit, and each such Permit has been validly issued and remains in full force and effect; 
 (c) no Company has received any written notice or other communication from any Governmental Body that it has or may have any liability under any applicable Environmental Laws, and there are no pending or,
to Seller’s Knowledge, threatened

  

 17 

 
claims, demands, complaints or investigations asserted by any Person against any Company which give rise or could give rise to any Liability of any Company under any applicable Environmental
Laws; 
 (d) there is not present in, on, under or emanating to or from any Owned Real Property or, to the
Shareholders’ Knowledge, Leased Real Property, or, to the Shareholders’ Knowledge, any real property formerly owned, or leased or operated by Seller or any Company any Hazardous Material in violation of any applicable Environmental Laws;
and 
 (e) true, correct and complete copies of all environmental site assessments, reports, documents and/or
data concerning or relating to the past or current business and operations of each Company and the past or current environmental condition of the Owned Real Property, the Leased Real Property and any real property formerly owned, leased or operated
by Seller or any Company that are within the possession or control of Sellers or any Company have been provided to Purchaser. 
 3.9 Litigation. 
 Except as set forth on Schedule 3.9, (a) there are no
outstanding Orders issued in the previous five (5) years that relate to any Company, its assets or the conduct of its business; and (b) there is no Litigation pending or, to the Knowledge of any Seller, threatened against any Company or
any of its properties or assets that (i) relate to any Company and seek monetary damages in excess of $100,000 individually or $250,000 in the aggregate or seek an unspecified amount of damages, or (ii) could reasonably be expected to have
a Material Adverse Effect. 
 3.10 Absence of Certain Changes. 
 Since June 1, 2009, except (a) as disclosed on Schedule 3.10 and (b) for the transactions
contemplated hereby, each Company and each Subsidiary has conducted its business in the Ordinary Course of Business and there has not been: 
 (i) any change in any Company’s or any Subsidiary’s authorized or issued capital securities; any grant of any stock option or right to purchase capital securities of any Company or any
Subsidiary; any issuance of any security convertible into such capital securities; any grant of any registration rights with respect to such securities; any purchase, redemption, retirement, or other acquisition by any Company or any Subsidiary of
any shares of its capital securities; or, except as contemplated by Section 1.3(a) and, if permitted pursuant to Section 5.2(v), following the date hereof, any dividend or distribution made by any Company; 
 (ii) any amendment to the Organizational Documents of any Company or any Subsidiary; 
 (iii) any Lien (except for Permitted Encumbrances) placed on, or any sale or transfer of any Company’s or any
Subsidiary’s assets, except for sales or transfers of products and services made in the Ordinary Course of Business; 
  

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 (iv) any capital expenditure or commitment to make any capital expenditure
except, in each case, in the Ordinary Course of Business; 
 (v) any employment (other than Dolex Envíos
Standard Employment Letters and Europhil Standard Employment Letters), deferred compensation, severance, retirement or other similar agreement (or any amendment to any such existing agreement) offered to or entered into with any employee, any grant
of any severance or termination pay or “stay-put” bonus to any employee, except for any severance or termination pay in the Ordinary Course of Business in connection with the closing of Company Stores; 
 (vi) any material change in compensation or other benefits payable to any employee, officer, director or Correspondent other
than merit or tenure increases granted in the Ordinary Course of Business; 
 (vii) any labor dispute, other
than routine individual grievances, or any activity or proceeding by a labor union or representative thereof to organize any employees, or any lockouts, strikes, slowdowns, work stoppages or any threats thereof by or with respect to any employees;

 (viii) any loans to any employee other than loans to employees in accordance with the terms of any
Seller’s, any Company’s or any Related Person’s 401(k) plan; 
 (ix) any event, occurrence or
condition of any character that has had, or which could reasonably be expected to have a Material Adverse Effect on a Company; 
 (x) any damage, destruction or loss, whether or not covered by insurance, with respect to the property and assets of any Company having a replacement cost of more than $100,000 for any single loss or
$250,000 for all such losses; 
 (xi) any changes to its accounting or Tax reporting principles, methods or
policies; 
 (xii) any election or rescission of any election relating to Taxes, settlement or compromise of any
action, audit or controversy relating to Taxes, or except as may be required by applicable Law, made any change to any of its methods of reporting income or deductions for federal income Tax purposes from its last filed federal income Tax Return, a
copy of which has been provided to Purchaser; 
 (xiii) except in the Ordinary Course of Business, any loans,
advances or capital contributions to, or investments in, any Person or payment of any fees or expenses (except for reimbursement of employee business expenses in the Ordinary Course of Business) to any Seller or any Related Person of any Seller;

 (xiv) any mortgage, pledge or any Lien (other than Permitted Encumbrances) on any of its assets, or
acquisition of any assets or sale, assignment, transfer, conveyance, lease or other disposition of any assets of such Company, except for assets acquired or sold, assigned, transferred, conveyed, leased or otherwise disposed of in the Ordinary
Course of Business; 
  

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 (xv) except in the Ordinary Course of Business, any grant of any license or
sublicense of any rights under or with respect to any Intellectual Property Rights; 
 (xvi) except in the
Ordinary Course of Business (which for purposes of this Section 3.10(b)(xvi) shall not include entry into any new Correspondent Contract for a duration of more than two (2) years or that is not terminable without penalty upon ninety
(90) days or less notice), any new Correspondent Contract or any termination (or receipt of notice of any termination) or any material change in the pricing of any Correspondent Contract; and 
 (xvii) any agreement by any Seller or any Company to do anything set forth in this Section 3.10. 
 3.11 Labor Matters. 
 (a) Schedule 3.11 contains a correct and complete list of all employees of each Company as of the date set forth on such Schedule, specifying for each person his or her job title, date of hire
and the annualized compensation as of the date of this Agreement. Except as disclosed on Schedule 3.11, the employment of all employees is terminable at will by the applicable Company without any penalty or severance obligation of such
Company other than as required by Law. 
 (b) To the Knowledge of the Shareholders, no employee of any Company
is a party to or is bound by any confidentiality agreement, noncompetition agreement or other Contract (with any Person) that may have a material adverse effect on: (i) the performance by such employee of any of his or her current duties or
responsibilities as an employee of any such Company; or (ii) the business or operations of the Companies. Except as set forth in Schedule 3.11, (A) no Company is a party to any union agreement or collective bargaining agreement
or work rules or practices agreed to with any labor organization or employee association applicable to its employees and, to the Knowledge of the Shareholders, no attempt to organize any of such employees has been made within the last three
(3) years or is pending, (B) there has been no labor strike, dispute, slowdown, stoppage or lockout against or affecting any Company within the last three (3) years, and (C) no unfair labor practice charge or complaint against
any Company is pending before the National Labor Relations Board or any similar Governmental Body with respect to the Company’s employees. To the Knowledge of the Shareholders, within the last twelve (12) months, no event has occurred that
might directly give rise to the commencement of any such slowdown, work stoppage, labor dispute or union organizing activity. Except as set forth in Schedule 3.11, there are no legal actions, lawsuits or administrative claims or charges
pending or, to the Knowledge of the Shareholders, threatened relating to any labor, safety or discrimination matters involving any employee of any Company, including, without limitation, charges of unfair labor practices or discrimination.

 (c) Within the last three (3) years, no Company has effectuated a “plant closing” (as defined
in the Worker Adjustment and Retraining Notification Act of 1988, as amended (the “WARN Act”)) affecting any site of employment or one or more

  

 20 

 
facilities or operating units within any site of employment or facility of such Company; and there has not occurred a “mass layoff” (as defined in the WARN Act) affecting any site of
employment or facility of any Company and no site of employment or facility of any Company has been affected by any transaction or engaged in layoffs or employment terminations sufficient in number to trigger application of any similar state or
local law or regulation. 
 (d) Each Company (i) is in material compliance with immigration laws, including
without limitation the terms and provisions of the Immigration Reform and Control Act of 1996, as amended, and all related regulations promulgated thereunder; and (ii) has on file a valid Form I-9 for each employee such Company is required to
have such form for pursuant to applicable Laws. To the extent the Company or the Purchaser becomes aware of a missing or invalid Form I-9 following the Closing Date, the Company shall use commercially reasonably efforts to procure a valid I-9 for
such employee as soon as practicable, provided that nothing in this Section 3.11(d) shall require the Purchaser to conduct an audit following the Closing Date in connection with this Agreement with respect to the Companies’ Form I-9s.

 3.12 Employee Benefit Plans. 
 (a) Schedule 3.12 contains a complete and accurate list of each Employee Benefit Plan that is or has been maintained, contributed to, or required to be contributed to, by
each Seller, each Company or any ERISA Affiliate of a Seller for the benefit of any employee (current or former), director or consultant of any Company who performs services primarily in the United States, or with respect to which any Company has or
may have any liability or obligation, whether contingent or direct for employees who perform services primarily in the United States (each such plan, program, arrangement being referred to herein individually as a “U.S. Company Benefit
Plan” and collectively as “U.S. Company Benefit Plans”). For purposes of this Agreement, “ERISA Affiliate” means (i) any corporation included with a Seller in a controlled group of corporations within
the meaning of Section 414(b) of the Code; (ii) any trade or business (whether or not incorporated) that is under common control with a Seller within the meaning of Section 414(c) of the Code; (iii) any member of an affiliated
service group of which a Seller is a member within the meaning of Section 414(m) of the Code; or (iv) any other person or entity treated as aggregated with a Seller under Section 414(o) of the Code. 
 (b) Each Seller has provided or made available to Purchaser current, accurate and complete copies (as amended to date) of
(i) each U.S. Company Benefit Plan that has been reduced to writing, including all amendments to each such plan, (ii) a summary of the material terms of each U.S. Company Benefit Plan that has not been reduced to writing, (iii) the
summary plan description for each U.S. Company Benefit Plan subject to Title I of ERISA, and in the case of each other U.S. Company Benefit Plan, any similar employee summary (including but not limited to any employee handbook description),
(iv) for each U.S. Company Benefit Plan intended to be qualified under Section 401(a) of the Code, the most recent determination letter issued by the IRS, (v) for each U.S. Company Benefit Plan with respect to which a Form 5500 series
annual report/return is required to be filed, the most recently filed such annual report/return and annual

  

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report/return for the three (3) preceding years, together with all schedules and exhibits, (vi) all insurance contracts, trust agreements, or similar agreements maintained in connection
with any U.S. Company Benefit Plan, (vii) all material written correspondence, if any, relating to a U.S. Company Benefit Plan received from the IRS, Department of Labor, or Pension Benefit Guaranty Corporation (“PBGC”) within the
last twelve (12) months, and (viii) for each U.S. Company Benefit Plan that is intended to be qualified under Code Section 401(a), copies of compliance testing results (ADP and ACP nondiscrimination test) for the most recent plan
year, to the extent applicable. No employee benefit handbook or similar employee communication relating to any U.S. Company Benefit Plan nor any written communication of benefits under such U.S. Company Benefit Plan describes any U.S. Company
Benefit Plan in a manner inconsistent in any material respect with the documents and summary plan descriptions relating to such U.S. Company Benefit Plan that have been delivered pursuant to the preceding sentence. 
 (c) Each U.S. Company Benefit Plan that is intended to be qualified under Section 401(a) of the Code has received a
favorable determination letter from the IRS and to the Knowledge of the Shareholders, there are no circumstances that will or could result in revocation of any such favorable determination letter or opinion letter. Each Seller and each Company in
the U.S. has performed and complied in all material respects with its obligations under or with respect to each U.S. Company Benefit Plan and each U.S. Company Benefit Plan complies and has been administered and operated in all material respects in
accordance with the terms of such plan and the provisions of any and all statutes, orders or governmental rules or regulations. All amendments and actions required to bring each U.S. Company Benefit Plan into conformity with all of the provisions of
ERISA, the Code and other applicable Law have been made or taken, except to the extent that such amendments or actions are not required by Law to be made or taken until after the Closing Date. All contributions, premiums and other amounts due to or
in connection with each U.S. Company Benefit Plan under the terms of the U.S. Company Benefit Plan or applicable Law have been timely made. 
 (d) Except as listed on Schedule 3.12(d), no U.S. Company Benefit Plan is or has been subject to Title IV of ERISA, Section 412 or 430 of the Code or Section 302 or 303 of ERISA. Neither
the Company nor any ERISA Affiliate has incurred or reasonably expects to incur, any Liability under Title IV of ERISA (other than contributions to the plan listed on Schedule 3.12(d) or premiums to the PBGC in the ordinary course) in respect
of the plan listed on Schedule 3.12(d). No “reportable event” within the meaning of Section 4043 of ERISA (for which the 30-day notice requirement has not been waived) has occurred within the preceding six (6) years with
respect to any U.S. Company Benefit Plan. No Lien (other than Permitted Encumbrances) has been imposed in favor of any U.S. Company Benefit Plan against the assets of any Company pursuant to Section 303(k) of ERISA or Section 430(k) of the
Code and no event or condition has occurred which might give rise to the imposition of such a Lien (other than Permitted Encumbrances). Neither GPN, nor any Company nor the PBGC has initiated any action to terminate any U.S. Company Benefit Plan
listed on Schedule 3.12(d) and prior to the Closing Date, GPN and each Company shall not take any action that could reasonably be expected to result in the termination of any U.S. Company Benefit Plan listed on

  

 22 

 
Schedule 3.12(d). Each U.S. Company Benefit Plan listed on Schedule 3.12(d) has met the minimum funding standards set forth in ERISA Section 302 and Section 412 of the
Code and each Company and each ERISA Affiliate has made all contributions required under ERISA Section 302 and Section 412 of the Code to such plan. 
 (e) There is no pending or, to the Knowledge of the Shareholders, threatened proceeding, action, suit or claim relating to any U.S. Company Benefit Plan, the assets of any trust
under any U.S. Company Benefit Plan or the plan sponsor, plan administrator or any fiduciary of any U.S. Company Benefit Plan with respect to the administration or operation of such U.S. Company Benefit Plan, except for routine benefit claims, and,
to the Knowledge of the Shareholders, no facts or circumstances exist that could reasonably be expected to give rise to any such proceeding, action, suit or claim. None of the Shareholders nor any Company nor, to the Knowledge of the Shareholders,
any “party in interest” or “disqualified person” with respect to any U.S. Company Benefit Plan has engaged in a prohibited transaction within the meaning of Section 406 of ERISA or Section 4975 of the Code with respect
to any U.S. Company Benefit Plan that could result in a material Tax or penalty. To the Knowledge of the Shareholders, no event has occurred and no condition exists with respect to any U.S. Company Benefit Plan that could reasonably be expected to
subject a Company to any material Tax, fine, Lien (other than Permitted Encumbrances), penalty or other Liability imposed by ERISA, the Code or other applicable Law. 
 (f) None of the Sellers, the Companies, or any ERISA Affiliate has ever maintained, sponsored, contributed to, been required to contribute to, or incurred any Liability under any:
(i) multi-employer plan as defined in Section 3(37) or Section 4001(a)(3) of ERISA, (ii) multiple employer plan as defined in Section 413(c) of the Code, or any plan that has two (2) or more contributing sponsors at
least two of whom are not under common control, within the meaning of Section 4063(a) of ERISA, (iii) welfare benefit fund within the meaning of Section 419(e) of the Code, or (iv) voluntary employees’ beneficiary
association, within the meaning of Section 501(c)(9) of the Code. 
 (g) Each U.S. Company Benefit Plan
that is a “nonqualified deferred compensation plan” (as defined in Section 409A(d)(1) of the Code) that is subject to Section 409A of the Code has been operated in compliance with Section 409A of the Code, including good
faith compliance prior to December 31, 2008. None of the Sellers nor any Company has any obligations to any employee or other service provider to make any reimbursement or other payment with respect to any Tax imposed under Section 409A of
the Code. 
 (h) Except for health care continuation requirements under Section 4980B of the Code, Part 6
of Subtitle I of ERISA (“COBRA”) or applicable state Law, no Company with employees performing services primarily in the United States has any obligations for post-employment health or life benefits (whether or not insured) to any
current or former employee or director after his or her termination of employment or service with such Company. All group health plans within the meaning of Section 5000(b)(1) of the Code maintained by the Sellers and each Company for employees
performing services primarily in the United States have been operated in compliance with

  

 23 

 
the applicable requirements of COBRA, including but not limited to, the notice and premium subsidy requirements of the American Recovery and Reinvestment Act of 2009. 
 (i) Except as listed on Schedule 3.12(i), neither the execution and delivery of this Agreement nor the transactions
contemplated by this Agreement will, either alone or upon the occurrence of any additional or subsequent event, (i) result in any payment becoming due, or increase the amount of compensation due, to any current or former employee or director of
any Company or any other Person, (ii) increase any benefits payable under any U.S. Company Benefit Plan or Foreign Plan or (iii) result in any acceleration of the time of payment or vesting of any such compensation or benefits. The
Employees participating in the 401k U.S. Company Benefit Plan are fully vested in their respective accounts in such U.S. Company Benefit Plan. 
 (j) With respect to each Foreign Plan: (i) such Foreign Plan covers only employees of a single company who regularly perform services in a single country and no other employees, (ii) such
Foreign Plan and the manner in which it has been administered satisfies all applicable Laws, including providing all benefits required by applicable Law, (iii) all contributions to such Foreign Plan required through the Closing Date have been
and will be made by a Seller or a Company, (iv) the fair market value of the assets of each funded Foreign Plan, the Liability of each insurer for any Foreign Plan funded through insurance, or the book reserve established for any Foreign Plan,
together with any accrued contributions, is sufficient to procure or provide in full for the accrued benefit obligations, with respect to all current and former participants in such Foreign Plan according to the actuarial assumptions and valuations
most recently used to determine employer contributions to and obligations under such Foreign Plan, and no transaction contemplated by this Agreement shall cause any such assets or insurance obligations to be less than such benefit obligations and
(v) the consummation of the transactions contemplated by this Agreement will not by itself create or otherwise result in any Liability with respect to such Foreign Plan. For purposes of this Agreement, “Foreign Plan” shall
mean: (A) any plan, program, policy, practice, Contract or other arrangement mandated by a Governmental Body other than the United States; (B) any Employee Benefit Plan maintained or contributed to by a Seller, a Company or any ERISA
Affiliate that is not subject to United States Law; and (C) any Employee Benefit Plan that covers or has covered employees of a Company whose services are performed primarily outside of the United States. Schedule 3.12(j) includes a
complete list of each Foreign Plan. 
 (k) As of the Closing Date, no Company will have any Liability for (i)(A)
earned but unpaid salaries, bonus, vacation pay, sick pay, holiday pay, severance pay or other like obligations or payments to any employee of such Company or any of its Subsidiaries, including any Continuing Employee for any periods ending on or
prior to the Closing Date (other than such obligations or payments which occurred on a date near the Closing Date but have not yet been expensed and paid in the Ordinary Course of Business), (B) to any such employee pursuant to the Employee
Benefit Plans of GPN as a result of the employment of its employees prior to the Closing Date, (C) under any employment, severance, consulting, and other compensation Contracts between any Company or Subsidiary and any current or former
director, officer, or employee thereof

  

 24 

 
(other than such obligations or payments which occurred on a date near the Closing Date but have not yet been expensed and paid in the Ordinary Course of Business), except as included in the
determination of Operating Working Capital or (ii) that could arise following the Closing to pay any amount described in items (A) – (C) hereof. 
 3.13 Taxes. 
 Except as set forth in Schedule 3.13
specifically with respect to each subparagraph of this Section 3.13: 
 (a) All Tax Returns required to be
filed by or with respect to each Company on or before the date hereof have been filed within the time and in the manner prescribed by Law, and all such Tax Returns are true, correct and complete in all material respects. 
 (b) All Taxes owed or required to be paid by each Company, whether or not shown on any Tax Return, have been timely paid;
and each Company has withheld and paid all Taxes required to have been withheld and paid in connection with amounts paid or owing to any employee, independent contractor, creditor, stockholder, or other third party. 
 (c) There are no outstanding agreements, waivers or arrangements extending the statutory period of limitation applicable to
any claim for, or the period for the collection or assessment of, Taxes due from or with respect to each Company, no power of attorney granted by or with respect to each Company relating to Taxes is currently in force, and no extension of time for
filing any Tax Return required to be filed by or on behalf of each Company is currently in force. 
 (d) No
audit, examination, investigation or other action or proceeding with respect to Taxes of each Company or the Tax Returns of each Company is currently pending, and no Shareholder nor any Company has received any communication from any Taxing
Authority which has caused or could reasonably have caused them to believe that an audit, examination, investigation or proceeding is forthcoming. 
 (e) There are no Liens (other than Permitted Encumbrances) for Taxes (other than for Taxes not yet due and payable) upon any of the assets of each Company. 
 (f) Schedule 3.13(f) lists all United States federal, state and local, and all foreign Tax Returns filed with respect
to each Company for taxable periods ended on or after December 31, 2005 and indicates those Tax Returns that have been audited or subject to similar examination by a Taxing Authority and those Tax Returns that currently are the subject of such
audit or examination. No deficiency for any Taxes has been proposed in writing against any of the Companies, which deficiency has not been paid in full. No claim has ever been made by any Taxing Authority in any jurisdiction in which any Company
does not file Tax Returns that such Company is or may be subject to taxation by that jurisdiction. None of the Companies has received written notice from any Taxing Authority of any unresolved questions or claims concerning its Tax liability.

  

 25 

 (g) No Company has participated or engaged in any “reportable
transaction” within the meaning of Treasury Regulations Section 1.6011-4 (or any corresponding or similar provision of state, local or foreign law). No Company is a party to any understanding or arrangement described in
Section 6662(d)(2)(C)(ii) of the Code or Treasury Regulations Section 1.6011-4(b) or is a material advisor as defined in Section 6111(b) of the Code. 
 (h) The unpaid Taxes of each Company for all taxable periods (or portions thereof) ending (i) on or before May 31, 2009 did not, as of such date, exceed the reserve for Tax
liability (rather than any reserve for deferred Taxes established to reflect timing differences between book and Tax income) set forth on the face of the Balance Sheets (rather than in any notes thereof) and (ii) on or before the Closing Date
will not, as of the Closing Date, exceed that reserve as adjusted to reflect the ordinary operations of each Company after May 31, 2009 and through the Closing Date in accordance with the past customs and practice of each Company in filing
their Tax Returns. 
 (i) No Company is now, nor has any Company been in the last five (5) years, a member
of an affiliated group or required to file a consolidated, combined or unitary Tax Return (other than the group of which GPN is or was the parent). No Company is a party to or bound by, nor do they have any obligation under, any Tax allocation, Tax
sharing, Tax indemnity agreement or similar contract or arrangement. No Company has any liability for the Taxes of any Person other than GPN and any of the Companies, as applicable, under Treasury Regulation 1.1502-6 (or any similar provision of
federal, state, local or foreign Law), or as a transferee or successor, by Contract or otherwise. 
 (j) No
Company has distributed stock of another corporation, or has had its stock distributed by another corporation, in a transaction that was governed, or purported or intended to be governed, in whole or in part, by Code Section 355 or 361. There
is no limitation on the utilization by each Company of its net operating losses, built-in losses, Tax credits or other similar items under Sections 382, 383 or 384 of the Code (or any corresponding or similar provisions of applicable state, local,
or foreign law) or the separate return limitation year rules under the consolidated return provisions of the Treasury Regulations (or any corresponding or similar provisions of applicable state, local, or foreign law), other than any such limitation
arising as a result of the consummation of the transactions contemplated by this Agreement. 
 (k) Each of the
Companies (i) have been treated as a corporation for U.S. and non-U.S. Tax purposes and (ii) is, and will be through the Closing Date, a member of a consolidated group (within the meaning of Treasury Regulation 1.1502-1(h)) of which GPN is
the common parent. No Subsidiary of any Company organized in a jurisdiction outside the United States (A) has made an election to be treated as a domestic corporation pursuant to Section 897(i) of the Code or (B) conducts any trade or
business within the United States or holds an investment in any United States property (within the meaning of Section 956 of the Code) or any United States real property interest (within the meaning of Section 897 of the Code). No Company
has or had, a permanent establishment in any foreign country, as defined in any applicable Tax treaty or convention between the United States and such foreign country. No Company owns,

  

 26 

 
directly or indirectly, any interests in an entity that has been or would be treated as a “passive foreign investment company” within the meaning of Section 1297 of the Code or as
a “controlled foreign corporation” within the meaning of Section 957 of the Code. 
 (l) No
Shareholder is a “foreign person” within the meaning of Treasury Regulation Section 1.1445-2(b). No Company is a United States real property holding corporation within the meaning of Section 897(c)(2) of the Code. 
 (m) No Company will be required to include any item of income in, or exclude any item of deduction from, taxable income for
any taxable period (or portion thereof) ending after the Closing Date as a result of any (i) change in method of accounting for a taxable period ending on or prior to the Closing Date, (ii) “closing agreement” as described in
Section 7121 of the Code (or any corresponding or similar provision of state, local or non-U.S. Tax law) executed on or prior to the Closing Date, (iii) intercompany transaction or excess loss account described in the Treasury Regulations
under Section 1502 of the Code (or any corresponding or similar provision of state, local, or non-U.S. Tax law), (iv) installment sale or open transaction made on or prior to the Closing Date, or (v) prepaid amount received on or
prior to the Closing Date. No indebtedness of any Company constitutes “corporate acquisition indebtedness” within the meaning of Section 279(b) of the Code (ignoring for this purpose Section 279(b)(4)). 
 (n) No Company is a party to any agreement, contract, arrangement or plan that could reasonably be expected to result,
separately or in the aggregate, in the payment of any “excess parachute payments” within the meaning of Section 280G of the Code (without regard to the exceptions set forth in Sections 280G(b)(4) and 280G(b)(5) of the Code).

 3.14 Compliance with Laws; Permits and Orders. 
 (a) Except as set forth in Schedule 3.14(a), each of the Companies (i) is currently conducting and during the
three (3) year period prior to the Closing has conducted its business in material compliance with all applicable Laws, including without limitation the Antitrust Laws, the Money Transmitter Laws and Escheatment Laws, and (ii) has not
received any Order or other written notification from any Governmental Body of any asserted present or past failure by them to comply with any such Laws where such failure could reasonably be expected to result in a Material Adverse Effect on the
applicable Company or could reasonably be expected to result in the revocation or suspension of a Money Transmitter License or any other license held by a Company. To the Knowledge of the Shareholders, no officer director, agent, employee or
Correspondent of any Company is subject to any Order that prohibits such officer, director, agent, employee or Correspondent from engaging in or continuing any lawful conduct, activity, or practice related to any such Company or such Company’s
business. Each Company has all material Permits required for the conduct of its business as currently conducted (“Material Permits”). The operation of the business of each Company, its properties and its assets is in compliance with
all Material Permits in all material respects. To the Knowledge of the Shareholders, no suspension, cancellation or termination of any such Material Permit is threatened or imminent other than expirations

  

 27 

 
of Material Permits requiring renewal in the Ordinary Course of Business and the Sellers have no Knowledge of any basis for such suspension, cancellation or termination. 
 (b) Schedule 3.14(b) contains a complete and accurate list of each Money Transmitter License, locations of Company
Stores and each Material Permit from a Governmental Body that is held by any Company or that is necessary to the conduct of the business of any Company. Except as set forth on Schedule 3.14(b), each Money Transmitter License and each other
Permit from a Governmental Body listed or required to be listed on Schedule 3.14(b) is valid and in full force and effect. Except as set forth in Schedule 3.14(b): 
 (i) Since May 31, 2006, each Company engaging in any aspect of its business, including money transmission, online money
transmission, check cashing, bill payment and stored value or similar cards, is, and at all times has been, in compliance in all material respects with all of the terms and requirements of each Money Transmitter License and each other Permit from a
Governmental Body identified or required to be identified on Schedule 3.14(b). 
 (ii) no event has
occurred or circumstance exists that (with or without notice or lapse of time or both) (A) could reasonably be expected to constitute or result directly or indirectly in a violation of or a failure to comply with any term or requirement of any
Money Transmitter License or Permit from a Governmental Body listed or required to be listed on Schedule 3.14(b), or (B) could reasonably be expected to result directly or indirectly in the revocation, withdrawal, suspension,
cancellation, or termination of, or modification to, any Money Transmitter License or Permit from a Governmental Body listed or required to be listed on Schedule 3.14(b), except, with respect to items (A) or (B) above, which could
not reasonably expected to result in a Material Adverse Effect; 
 (iii) all applications required to have been
filed for the renewal of the Money Transmitter Licenses and other Permits listed or required to be listed on Schedule 3.14(b) have been duly filed on a timely basis with the appropriate Governmental Bodies, and all other filings required
to have been made with respect to such Money Transmitter Licenses and other Permits from a Governmental Body have been duly made on a timely basis with the appropriate Governmental Bodies, except, in each case, any Money Transmitter License or other
Permit from a Governmental Body, the nonrenewal of which could not reasonably be expected to result in a Material Adverse Effect; and 
 (iv) the Money Transmitter Licenses listed on Schedule 3.14(b) collectively constitute all of the Money Transmitter Licenses necessary to permit any Company to lawfully conduct and operate
their respective businesses in the manner and in the jurisdictions they currently conduct and operate such businesses. 
 (c) To the Knowledge of the Sellers, (i) each Correspondent of any Company through which any Company then transmits funds holds all material Permits from any Governmental Body necessary for such Correspondent to carry on the business
conducted

  

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with such Company (“Correspondent Permits”), (ii) each Correspondent has fulfilled and performed in all material respects its obligations under each of the Correspondent
Permits, and no event has occurred or condition or state of facts exists which constitutes or, after notice or lapse of time or both, could reasonably be expected to constitute a material breach or default under any such Correspondent Permit or
which permits or, after notice or lapse of time or both, could reasonably be expected to permit revocation or termination of any such Correspondent Permit, or which could reasonably be expected to materially adversely affect the rights of the
Correspondent under any such Correspondent Permit; (iii) no written notice of cancellation, of material default or of any material dispute concerning any Correspondent Permit has been received by any such Correspondent and no event, condition
or state of facts exists or has occurred that could reasonably be expected to result in any such cancellation, material default or material dispute, and (iv) each of the Correspondent Permits is valid, subsisting and in full force and effect.

 (d) Schedule 3.14(d) sets forth a list of all wire transfers initiated by any Company prior to
September 30, 2009 that (i) are over sixty (60) days old as of such date and (ii) have not been picked up at a payor or Correspondent location, refunded to the customer that initiated the wire transfer or escheated to the
applicable jurisdiction. 
 3.15 Brokers and Finders. 
 Except as set forth on Schedule 3.15, no Company, Seller, or Subsidiary nor any Related Person of any of the
aforementioned has incurred any obligation or Liability to any party for any brokerage fees, agent’s commissions, or finder’s fees in connection with the transactions contemplated by the Purchase Documents. 
 3.16 Company Indebtedness; Undisclosed Liabilities. 
 (a) Except as set forth on Schedule 3.16(a), there is no Company Indebtedness. 
 (b) No Company has any Liability, except (i) as and to the extent disclosed or reserved against in the Financial Statements; or (ii) for Liabilities incurred since the
Balance Sheet Date in the Ordinary Course of Business (none of which Liabilities covered by clauses (i) or (ii) result from, arise out of, relate to, are in the nature of, or were caused by any breach of contract, breach of warranty, tort,
infringement or violation of Law, or which, individually or in the aggregate has had or could reasonably be expected to have a Material Adverse Effect). The reserves, if any reflected on the Interim Financial Statements and the Financial Statements
are adequate, appropriate and reasonable for their purposes, including without limitation, Litigation reserves, if any. There is no probable or reasonably possible loss contingency (within the meaning of Statement of Financial Accounting Standards
No. 5) that is not reflected in the Interim Financial Statements or the Financial Statements (including any notes thereto). 
  

 29 

 3.17 Insurance. 
 (a) All insurance policies and surety, indemnity or similar bonds maintained by or on behalf of each Company are sufficient
for compliance with all Money Transmitter Licenses and applicable Money Transmitter Laws by each Company engaging in the money transmission business. The Companies have not received written notice of cancellation or termination in respect of any
such policy or bond and, to the Knowledge of Sellers, there is no basis for such cancellation, termination or loss of coverage. Schedule 3.17(a) sets forth a list of all surety, indemnity or similar bonds maintained by or on behalf of any
Company pursuant to applicable Money Transmitter Laws. 
 (b) Except as set forth on
Schedule 3.17(b), to the Sellers’ Knowledge, within the last three (3) years there have been no time periods in which any Company lacked its customary coverage under the insurance policies of such Company as in effect from time
to time during their existence (the “Applicable Policies”). The current and historical limits of liability under the Applicable Policies have not been exhausted or impaired. All incidents or claims that have been incurred by any
Company and are covered by the Applicable Policies have been properly reported to such Company’s insurance carriers, and no reservation of rights letters have been issued by such carriers. Except as set forth on Schedule 3.17(b),
there are no pending or, to the Knowledge of the Sellers, potential premium audits or adjustments relating to the casualty insurance policies that currently cover any Company that are not reserved on the most recent balance sheet included in the
Interim Financial Statements. 
 3.18 Certain Payments. 
 (a) In the last five (5) years, neither any Company nor any director, officer or senior management employee of any
Company, or to Knowledge of Sellers, any employee (other than a senior management employee), agent of, or any other Person acting for or on behalf of, any Company, has directly or indirectly (i) made any bribe, payoff or influence payment or
any illegal contribution, gift, rebate, kickback, or other payment to any Person, private or public, regardless of form, whether in money, property, or services, on behalf of, for or in respect of any Company, (A) to obtain favorable treatment
in securing business, (B) to pay for favorable treatment for business secured, (C) to obtain special concessions from any Governmental Body or for such special concessions already obtained, or (D) in violation of any Law, or
(ii) established or maintained any fund or asset that has not been recorded in the Books and Records of any Company with respect to any matter described in (i) above. 
 (b) The Companies have at all times been in material compliance with all Laws relating to export control and trade embargoes. Except as set forth on Schedule 3.18(b), no
product sold or service provided by any Company has been sold to or performed on behalf of Cuba, Iran, or North Korea. 
 (c) Except as set forth on Schedule 3.18(c), to the Knowledge of Sellers, no Company has violated the antiboycott prohibitions contained in 50 U.S.C. sect. 2401 et

  

 30 

 
seq. or taken any action that can be penalized under 26 U.S.C. sect. 999. Except as set forth on Schedule 3.18(c), since January 1, 2006, no Company has been a party to, is a
beneficiary under and or performed any service or sold any product under any Contract under which a product has been sold to customers in Bahrain, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, Qatar, Saudi Arabia, Sudan, Syria, United Arab Emirates or
the Republic of Yemen. 
 3.19 Affiliated Transactions. 
 Except as set forth on Schedule 3.19 attached hereto (which discloses all material terms thereof), no employee,
officer, director, shareholder, or Related Person of any Company is, or has been during the past three (3) years, a party to any Contract, commitment or transaction with any Company (the “Affiliate Agreements”) or has (or has
had during the past three (3) years) any interest in any property used by any Company or, to the Seller’s Knowledge, in any Person that competes with any Company. As of the Closing Date, (a) all of the Affiliate Agreements listed on
Schedule 3.19 (except those marked with an asterisk) shall be properly terminated, (b) no Company shall have Liability under any Affiliate Agreement (except those marked with an asterisk), (c) no Company shall be indebted or
otherwise have any obligations to any Related Person (other than another Company) or any Seller or Related Person of a Seller and (d) no Related Person of any Company (other than another Company) or any Seller or Related Person of a Seller
shall be indebted or otherwise have any obligations to any Company. Without limiting the foregoing provisions of this Section 3.19, except as set forth on Schedule 3.19, (i) no Related Person of any Company provides services to
any Company and (ii) no Company provides any services to any Related Person. 
 3.20 Powers of Attorney. 

Other than as set forth on Schedule 3.20 hereto, no Person has a power of attorney to act or execute
documents on behalf of any Company. Each of the powers of attorney listed on Schedule 3.20 is revocable by the applicable Company upon written notice to the holder of the power and if required by applicable Law, public registration of
such revocation, provided that, with respect to the powers of attorney granted with respect to Europhil, the revocation of such powers of attorney shall require the granting and filing with the Commercial Registry of a public deed formalizing the
resolution of Europhil’s Board of Directors or person duly empowered to decide upon the revocation of such powers of attorney. 
 3.21 Bank and Other Accounts. 
 Schedule 3.21 sets forth each of the bank,
investment or other accounts of any Company, including bank accounts into which the Company deposits funds relating to remittance, and with respect to each such account, the employees, officers or agents of any Company that are authorized
signatories with respect to such accounts. No bank with which any Company maintains a deposit relationship or that has opened accounts into which the Company or the Company Stores deposit funds received for money

  

 31 

 
remittances has terminated or has notified any Company in writing of an intention to terminate such banking relationship or close any such account. 
 3.22 Data Privacy. 
 Each Company is in material compliance with all applicable foreign, federal, state and local laws, and all rules, regulations, codes, orders, decrees and rulings thereunder, relating to privacy, data
protection transfer and destruction, and data breach notification related to personal information of individuals (collectively, all such foreign, federal, state and local laws, rules, regulations, codes, orders, decrees and rulings shall be defined
as the “Privacy Laws”). There are no notices, claims, investigations or proceedings pending or, to the Knowledge of the Sellers, threatened, by state or federal or foreign agencies, or private parties alleging a violation of the
Privacy Laws. To the Knowledge of the Sellers, no personally identifiable information held or stored by any Company has been compromised, improperly taken, improperly accessed or misused. No Company maintains or collects personally identifiable
health care information as that term is identified in any applicable Privacy Laws. Each Company is in material compliance with its internal privacy policies. 
 3.23 Agents. 
 No Company has, during the past twelve
(12) months, nor does it currently have, any Agents. 
 3.24 Correspondents. 
 Schedule 3.24 sets forth a list of each Company’s Correspondents and the number of transactions and dollar
amount of remittances which each such Correspondent represented during the twelve month period ended May 31, 2009. All accounts with Correspondents have been settled in the Ordinary Course of Business, provided, that, in the event that
there is a discrepancy or discrepancies in the settlement of any account between a Company and a Correspondent, as the case may be, no such discrepancy or discrepancies exceeds $25,000 in the aggregate. 
 3.25 Seller Guaranties. 
 Schedule 3.25 sets forth a complete and accurate list of each guaranty made by any Seller with respect to any obligations of the Companies (the “Seller Guaranties”).

 3.26 Acquisitions. 
 Except as set forth on Schedule 3.26, no Company has any rights, including indemnification rights or claims against any escrow or holdback, or obligations, including any indemnification
obligations or obligation to distribute funds from an escrow or holdback, under any Contract whereby any such Company was a party as an acquiror (whether by sale, merger, consolidation or otherwise) of all or any substantial portion of the assets or
properties of any Person or the capital securities of any Person. True and correct copies of any such Contracts have been provided to the Purchaser. 
  

 32 

 3.27 Business. 
 Other than the Companies, no Shareholder nor any Related Person is engaged in the business of the transmission of money or
funds from consumer to consumer as provided by Dolex Dollar, Dolex Envíos and Europhil as of the date hereof. 
 3.28
Weekend Advances. 
 Except as set forth on Schedule 3.28, neither GPN nor any of its Related
Persons has made any advance to or on behalf of any Company for the twelve (12) month period ending as of the month preceding the date hereof on any Friday, Saturday, Sunday or Monday during any week during such period. 
 3.29 Other Company Stores. 
 No Company has or operates, nor has it ever had or operated, a Company Store in Italy or Morocco. 
 3.30 Material Information. 
 No representation or warranty
made herein by any Seller contains any untrue statement of a material fact or omits to state a material fact necessary to make any statement herein not misleading. 
 ARTICLE 4 
 REPRESENTATIONS AND WARRANTIES OF PURCHASER 
 Purchaser hereby represents and warrants to Shareholders as follows: 
 4.1 Organization and Qualification. 
 Purchaser is a corporation duly organized, validly existing, and in good standing under the Laws of the State of Delaware and has all necessary power and authority to conduct its business and to own,
lease, or operate its properties in the places where such business is conducted and such properties are owned, leased, or operated. 
 4.2 Authority. 
 Purchaser has full power and authority to enter into each of the Purchase
Documents to which it is a Party and to consummate the transactions contemplated hereby and thereby. The execution, delivery and performance by Purchaser of each of the Purchase Documents to which Purchaser, or at the Closing will be, is a Party
have been duly and validly authorized and approved by all necessary action on the part of Purchaser. Each of the Purchase Documents to which Purchaser is a Party are the legal, valid, and binding obligations of Purchaser enforceable against
Purchaser in accordance with their terms, except as enforceability may be limited by applicable equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar Laws affecting creditors’ rights generally, and by the
exercise of judicial discretion in

  

 33 

 
accordance with equitable principles. Neither the execution and delivery by Purchaser of any of the Purchase Documents to which Purchaser is a Party nor the consummation by Purchaser of the
transactions contemplated hereby or thereby will (i) violate Purchaser’s certificate of incorporation or bylaws, (ii) violate any provisions of Law or any Order of any court or any Governmental Body to which Purchaser is subject, or
by which its assets or properties are bound, or (iii) conflict with, result in a breach of, or constitute a Default under any Contract to which Purchaser is a Party or by which its assets or properties are bound. 
 4.3 Litigation. 
 There is no Litigation pending or, to Purchaser’s Knowledge, threatened, against Purchaser in respect of the consummation of the transactions contemplated hereby. 
 4.4 Governmental Approval and Consents. 
 Except as set forth on Schedule 4.4, no Consent, approval, or authorization of or declaration, filing, or registration with any Governmental Body is required in
connection with the execution, delivery, and performance by Purchaser of this Agreement or the consummation of the transactions contemplated hereby. 
 4.5 Brokers and Finders. 
 Except as set forth on
Schedule 4.5, neither Purchaser nor any Related Person of Purchaser has incurred any Liability to any party for any brokerage fees, agent’s commissions, or finder’s fees in connection with the transactions contemplated by the
Purchase Documents. 
 4.6 Financing. 
 Purchaser, as of the Closing Date, will have available sufficient funds, available lines of credit or other sources of immediately available funds to enable it to purchase the Shares
on the terms and conditions of this Agreement. Purchaser’s obligations hereunder are not subject to any conditions regarding Purchaser’s ability to obtain financing for the consummation of the transactions contemplated hereby. 

4.7 Change of Control Requirements. 
 As of the Closing Date, Purchaser will be able to meet the financial and other requirements imposed, as of the date hereof, on each Company by each Company’s respective regulatory agencies described
on Schedule 4.7 or of which Purchaser has actual knowledge. Without limiting the generality of the foregoing, as of the Closing Date, Purchaser agrees that it will be able to meet the requirements imposed, as of the date hereof, on Dolex
Dollar by each state in the United States in which Dolex Dollar has a Money Transmitter License in connection with such state’s issuance of a Money Transmitter License to Dolex Dollar described on Schedule 4.7 or of which Purchaser has
actual knowledge. For purposes of this Section 4.7, Purchaser shall be deemed to have actual knowledge of any publicly available Money Transmitter Law. 
  

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 4.8 Securities Act. 
 Purchaser is acquiring the Shares for its own account and not with a view towards their distribution within the meaning of
Section 2(a)(11) of the Securities Act in any manner that would be in violation of the Securities Act. 
 ARTICLE 5 

 COVENANTS OF SHAREHOLDERS 
 Each Shareholder covenants and agrees with Purchaser as follows: 
 5.1 Access
and Information. 
 Subject to the confidentiality restrictions set forth in Section 10.1 hereof and
any restrictions imposed by applicable Law, from the date hereof to the Closing Date and during normal business hours, each Shareholder shall afford to Purchaser, and shall cause each Company and each other Related Person of the Shareholders that
employs Persons that provide services to any Company or the money transmission business of the Companies or that owns assets or properties used by or provides services to any Company or the money transmission business of the Companies to afford to
Purchaser, its lenders, counsel, accountants, and other representatives, reasonable access to the employees, officers, offices, properties, books, contracts, commitments, records, vendors, and customers of each Company or Related Person (including
without limitation the employees, properties and facilities relating to (a) the information systems owned or used by or to support the money transmission business of the Companies; (b) the Companies’ policies with respect to
compliance with the requirements of (i) the Money Transmitter Laws, (ii) the U.S. Bank Secrecy Act and U.S. PATRIOT Act, in each case as amended and the regulations promulgated thereunder, and similar Laws, and (iii) the U.S. Foreign
Corrupt Practices Act, as amended, and similar Laws; and (c) the Employee Benefit Plans covering Continuing Employees) as of the date hereof to the Closing Date and during normal business hours, and Shareholders shall furnish such persons with
all information (including financial and operating data) concerning each Company as they reasonably may request. Each Shareholder shall use commercially reasonable efforts to assist Purchaser, its lenders, counsel, accountants, and other
representatives in their examination and review of the Companies, their assets, properties and business and in planning for transition following the Closing to the Purchaser’s ownership of the Companies. 
 5.2 Conduct of Business Prior to Closing. 
 From the date hereof to the Closing Date, and except to the extent that Purchaser shall otherwise consent in writing, each Shareholder shall cause the Companies to: 
 (a) operate each Company and Subsidiary in the regular and Ordinary Course of Business; 
  

 35 

 (b) maintain its assets and properties in good working order and condition,
reasonable wear and use excepted, and deliver such assets and properties to Purchaser on the Closing Date in such condition, and maintain all policies of insurance covering the assets and properties in amounts and on terms substantially equivalent
to those in effect on the date hereof; 
 (c) take all steps reasonably necessary to maintain each
Company’s and Subsidiary’s rights in and to the Company Intellectual Property Rights and other intangible assets of the Company; 
 (d) pay all accounts payable in the Ordinary Course of Business and collect all Accounts Receivable in the Ordinary Course of Business; 
 (e) comply with all Laws, including without limitation the Money Transmitter Laws, applicable to the Companies where the
failure to so comply could reasonably be expected to have a Material Adverse Effect on the Companies, their assets or properties or business; 
 (f) maintain the Books and Records in the Ordinary Course of Business, pay before delinquent all Taxes upon or against each Company or the business of any Company or any of their properties or income and
prepare and file when due all Tax Returns and amendments thereto and other reports required to be filed by each Company and Subsidiary after taking into account any extensions of time granted by any taxing authorities or other Governmental Body, as
applicable; 
 (g) use commercially reasonable efforts to preserve the goodwill and patronage of the customers,
Correspondents, Employees and suppliers of each Company and others having a business relationship with each Company or Subsidiary; 
 (h) satisfy, terminate and discharge all Liens, including title defects, that are not Permitted Encumbrances, and deliver evidence reasonably satisfactory to Purchaser and its counsel of such
satisfaction, termination and discharge at or prior to Closing; 
 (i) otherwise report periodically to
Purchaser concerning the status of the business, operations and finances of each Company and Subsidiary; 
 (j)
not amend any Material Contract or any Correspondent Contract or enter into any Material Contract or Correspondent Contract with any Person except in the Ordinary Course of Business or as required to further the objectives of this Agreement;

 (k) not sell, lease, hypothecate, encumber, transfer or otherwise dispose of any of the assets of the
Companies, except in the Ordinary Course of Business; 
 (l) not grant or agree to grant any increase in the
rates of salaries or compensation payable to Employees (other than as required by Law and bonuses and increases in the Ordinary Course of Business); 
  

 36 

 (m) not, except as provided in (l) above, provide for any new and
material pension, retirement or other employment benefits for Employees or any material increase in any existing benefits (other than as required by Law or, so long as no Company shall have any obligations with respect thereto, in the Ordinary
Course of Business); 
 (n) not, except with respect to foreign exchange transactions between any Company and
any Related Person of a Seller or the pricing of services among the Companies, make any material change to the terms and conditions of transactions among any Company and any Related Person; 
 (o) not engage in any material transaction not in the Ordinary Course of Business; 
 (p) upon the Shareholders’ Knowledge, advise Purchaser in writing promptly of the assertion, commencement or threat of
any Litigation, labor dispute, proceeding or investigation in which any Company is a party or the assets of any Company or its businesses may be affected; 
 (q) deliver to Purchaser copies of all Contracts that would otherwise qualify as Material Contracts that are entered into after the date hereof and prior to the Closing in accordance with the terms of
this Agreement; 
 (r) not, cause or permit, by any act or failure to act, any License or Permit to expire or to
be revoked, suspended, or materially adversely modified, or take any action that could reasonably be expected to cause any Governmental Body to institute proceedings for the suspension, revocation, or material adverse modification of any License or
Permit, unless in connection with a License or Permit (other than a Money Transmitter License) the expiration, revocation, suspension or adverse modification could not reasonably be expected to have a Material Adverse Effect; 
 (s) not take any action described in Section 3.10; 
 (t) make reasonable capital expenditures or expenditures relating to information systems and information technology in the
Ordinary Course of Business; 
 (u) use commercially reasonable efforts to develop and launch the “Amigo
Latino Plus” card; 
 (v) fund the Companies for any necessary weekend funding requirements in the ordinary
course on Friday of each week or, if the banks in the United States are closed on Friday of any week, on Thursday of such week; and 
 (w) comply with all applicable Laws or requirements imposed upon any such Company by any Governmental Body relating to minimum capital or other financial requirements of any such Company’s business,
including without limitation, such compliance after giving effect to any dividend or distribution by any such Company. 
  

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 5.3 Other Transactions. 
 Each Shareholder shall deal exclusively and in good faith with Purchaser with regard to the transactions contemplated by
this Agreement and will not, and will direct its Related Persons, financial advisors, accountants, agents, and counsel not to (a) solicit submission of any Acquisition Proposals, (b) participate in any discussions or negotiations
regarding, or furnish any non-public information to any other Person regarding any Company other than Purchaser and its representatives or otherwise cooperate in any way or assist, facilitate, or encourage any Acquisition Proposal by any Person
other than the Purchaser, or (c) enter into any agreement or understanding, whether in writing or, if legally binding, oral, that could reasonably be expected to have the effect of preventing the consummation of the transactions contemplated by
this Agreement. If, notwithstanding the foregoing, any Shareholder, or its Related Persons, representatives or agents should receive any Acquisition Proposal or any inquiry regarding any such proposal from a Third Party, such persons shall promptly
inform Purchaser and its counsel in writing of the facts and terms thereof. 
 5.4 Required Approvals. 
 Each Party hereto hereby agrees to cooperate with each other Party and use its commercially reasonable efforts to promptly
prepare and file all necessary filings and other documents and to obtain as promptly as practicable all necessary Consents of all Third Parties and Governmental Bodies necessary or advisable for it to consummate the transactions contemplated by the
Purchase Documents. Each Party shall have the right to review and comment upon in advance, and to the extent practicable each will consult the other Parties on, in each case subject to applicable Laws relating to the exchange of information, all the
information relating to Purchaser, Shareholders or the Companies, as the case may be, that appears in any filing made with, or other written materials submitted to, any Third Party or Governmental Body in connection with the transactions
contemplated by the Purchase Documents. In exercising the foregoing right, each of Purchaser and Shareholders shall act reasonably and as promptly as practicable. Purchaser and Shareholders agree that they will keep the other apprised of the status
of matters relating to completion of the transactions contemplated by the Purchase Documents, including, subject to applicable Laws relating to the exchange of information, promptly furnishing the other with copies of notice or other communications
received by Purchaser, Shareholders or the Company, as the case may be, from any Third Party or Governmental Body with respect to the transactions contemplated hereby or thereby. Notwithstanding anything herein to the contrary, none of Purchaser or
Shareholders or any of their respective Related Persons shall be obligated to agree to any arrangement that (a) would require the divestiture of any of their businesses, product lines or assets or involve any material requirement or restriction
on any of its businesses, product lines or assets; (b) would require any material modification of the existing capital structure of any of the Companies, the Purchaser, any Seller or of their respective Related Persons; or (c) would
reasonably likely have a Material Adverse Effect on such Purchaser, Shareholders or any Company, provided that Purchaser shall agree to (and represents that it will be able to comply with) any requirement currently imposed on a Company and
any requirement imposed by the issuer of a Money Transmitter License or

  

 38 

 
Governmental Body in connection with such issuer or Governmental Body’s approval of the transactions contemplated herein that (i) is commercially reasonable for a money transmitter of
the size and financial status of the Companies, it being acknowledged by the Parties that the fact that a Governmental Body seeks to impose any additional requirements beyond those requirements imposed on the Companies as of the date hereof does
not, by itself, make such request commercially reasonable, and (ii) does not result in the arrangements enumerated in (a)-(c) of this Section 5.4. 
 5.5 Transition Services. 
 Purchaser and Sellers and/or
their applicable Related Persons shall enter into a transition services agreement in the form attached hereto as Exhibit B (the “Transition Services Agreement”). Following request by the Purchaser, from the date hereof
through the Closing Date, Sellers agree to use commercially reasonable efforts to assist the Companies, following the Closing Date, in obtaining the services that are the subject of the Transition Services Agreement other than through the Sellers or
their Affiliates. 
 Following the execution hereof, Shareholders shall use commercially reasonable efforts to
(a) cause, on or prior to the Closing Date, each Company to remove all signatories, who are not employees of a Company from bank or other accounts of each Company and to provide that the Persons with administrative authority over each such
account to be only Persons who are employees of a Company, (b) subject to Link Systems’ consent, on or prior to the Closing Date, transfer and assign to Dolex Dollar, at no cost to the Companies, the Prolease software and, if Dolex Dollar
has applicable licenses relating to such information, migrate all lease data to a server of Dolex Dollar that shall be reasonably acceptable to the Purchaser, (c) if Dolex Dollar has a server capable of receiving such information, on or prior
to the Closing Date, provide for data migration of all data of any sort of the Companies which resides at GPN or on servers controlled by GPN to a server or servers of a Company that shall be reasonably acceptable to the Purchaser, (d) provide
to the Purchaser at least sixty (60) days prior to the Closing Date a benefit census and report of all employees of each Company appropriately separated by country and assist the Purchaser in enrolling such employees into new benefit programs
and any other plan appropriate for the country and Company to be effective on or after the Closing Date, (e) revoke any powers of attorney of the Companies that the Purchaser requests in writing be revoked, and (f) promptly following the
written request of the Purchaser therefor, provide the Purchaser with historical data relating to check guarantee services which would ordinarily be provided to a check guarantee customer of GPN or its Related Persons and, if reasonably practicable,
including positive and negative data bases for the checks cashed on behalf of a Company and whether data is that of GPN and its Related Persons or of a third party to the extent GPN can cause such third party to provide such information and, if
requested in writing by the Purchaser, cause Dolex Dollar to enter into an agreement to be effective at Closing for check guarantee services with a provider that is not a Related Person of GPN or cause Dolex Dollar to enter into a written agreement
for check guarantee services at market rates with a Related Person of GPN. In the event the applicable Company shall not have any license or server referred to in subsection (b) or (c) and the Purchaser reimburses such Company for the cost
of obtaining any such license or server, Shareholders shall use

  

 39 

 
commercially reasonable efforts to cause the actions described in subsection (b) or (c), as applicable, to be taken. 
 5.6 Additional Financial Statements. 
 As soon as reasonably practicable after they become available and, except for months in which GPN’s fiscal quarter ends, in any event within twenty-one (21) days of the end of each calendar month, Shareholders or Companies shall
furnish to Purchaser (a)(i) the consolidating unaudited balance sheets and related statements of income for Dolex Dollar, Dolex Envíos and Dolex Guatemala, (ii) unaudited balance sheets and related statements of income for Europhil, and
(iii) combining unaudited balance sheets and related statements of income for Dolex Dollar, Dolex Envíos, Dolex Guatemala and Europhil (combined with Dolex Europe and LAMS), in each case as of and for the portion of the Companies’
fiscal year ended as of the end of such month (each a “Pre-Closing Financial Statement” and, collectively, the “Pre-Closing Financial Statements”), and (b) for such calendar month, a monthly reporting package,
including without limitation a revenue summary and branch metrics (the “Pre-Closing Monthly Reporting Packages”). The Pre-Closing Financial Statement for each month will (a) be in accordance with the Books and Records of each
Company, (b) be prepared in accordance with GAAP (except for the inclusion of footnotes), (c) fairly present the financial condition of the Companies as of the date of such Pre-Closing Financial Statements, and (d) include a
calculation of TTM EBITDA as of the date of such Pre-Closing Monthly Reporting Package. Each Pre-Closing Monthly Reporting Package shall be prepared in accordance with the Books and Records of the Companies. Purchaser acknowledges that the
Pre-Closing Financial Statements shall not reflect the cost of Corporate Charges. 
 5.7 Working Capital. 
 On the Closing Date, the Working Capital for each Company shall be at least $0. 
 5.8 New Correspondent Agreements. 
 Following the date hereof and through the Closing Date, promptly following the execution of a new Correspondent Agreement or any termination or material change of any Correspondent Agreement, which would
not have been required to be listed at subsection (b)(xvi) of Schedule 3.10, if it had been entered into following June 1, 2009, the Shareholders shall notify the Purchaser in writing thereof and provide a copy of any new or changed
Correspondent Agreement. 
 5.9 AT&T Agreement. 
 Following the execution hereof, Shareholders shall use commercially reasonable efforts to assist Dolex Dollar in its efforts
to enter into a telecommunications agreement with AT&T (the “New Telecommunications Agreement”) before the Closing Date on terms no less favorable than the terms currently applicable to Dolex Dollar pursuant to the
telecommunications agreement between AT&T and GPN dated as of [date to be provided by GPN] (the “Current Telecommunications Agreement”). 
  

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 5.10 Renewal of Trademarks. 
 Following the execution hereof, Shareholders shall use commercially reasonable efforts to cause the applicable Company to
renew prior to the Closing Date any registrations with respect to trademarks included in the Registered Intellectual Property that are required to be renewed on or prior to three months following the Closing Date. 
 5.11 Europhil 2009 Audited Financials. 
 (a) Within seven (7) Business Days following the receipt by Europhil or the Shareholders of the Europhil 2009 Audited Financials, the Shareholders shall deliver to the
Purchaser, (i) if the Europhil 2009 Audited Financials shall include an unqualified opinion of Europhil’s outside accountants, a copy of the Europhil 2009 Audited Financials and such opinion, (ii) if such opinion is qualified (a
“Qualified Opinion”) and the Shareholders have determined to seek to remove some or all of the qualifications relating to such Qualified Opinion, a written notice to the Purchaser as to the receipt of the Qualified Opinion,
including a reasonable description of the reason or basis for such qualified opinion (a “Notice of Qualified Opinion”); or (iii) if such opinion is qualified but the Shareholders shall not deliver a Notice of Qualified Opinion
by such seventh (7th) Business Day, a copy of the
Europhil 2009 Audited Financials and such opinion. 
 (b) Following the delivery of a Notice of Qualified
Opinion, the Shareholders shall provide the Purchaser with bi-weekly updates as to the Shareholders’ efforts to remove qualifications from the Qualified Opinion and consult with the Purchaser regarding those efforts. 
 (c) If the Shareholders shall cease their efforts to remove any remaining qualifications to a Qualified Opinion or been
given a final response by the outside accountant as to the removal of qualifications, within two (2) Business Days, the Shareholders shall deliver to the Purchaser the Europhil 2009 Audited Financials and such Qualified Opinion, as either shall
have been modified or amended since their initial delivery to Europhil or the Shareholders. 
 5.12 Stored Value Platform.

 On or before the Closing Date, the Sellers shall cause to be delivered to the Purchaser in machine
readable electronic form and in a format reasonably acceptable to the Purchaser a copy of the source code relating to the Stored Value Software (together with each Source Code Upgrades prior to such date, the “SVP Source Code”).

  

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 ARTICLE 6 
 MUTUAL COVENANTS 
 6.1 Governmental Filings. 
 To the extent required by the HSR Act, all of the Parties will, within a reasonable period of time, file with the United
States Federal Trade Commission (“FTC”) and the United States Department of Justice (“DOJ”) the notification and report form required for the transactions contemplated hereby, will promptly file any supplemental or
additional information that reasonably may be requested in connection therewith pursuant to the HSR Act, and will comply in all material respects with the requirements of the HSR Act. In the event any Litigation is threatened or instituted
challenging the transactions contemplated by this Agreement as violative of Antitrust Laws, each Party shall use its commercially reasonable efforts to avoid the filing of, or resist or resolve such Litigation. Each Party shall use its commercially
reasonable efforts to take such action as may be required by: (a) the FTC and/or the DOJ in order to resolve such objections as either of them may have to the transactions contemplated by this Agreement under the Antitrust Laws, or (b) any
federal or state court of the United States, or similar court of competent jurisdiction in any foreign jurisdiction, in any Litigation brought by any Governmental Body or any other Person challenging the transactions contemplated by this Agreement
as violative of the Antitrust Laws, in order to avoid the entry of any Order (whether temporary, preliminary or permanent) that has the effect of preventing the consummation of the transactions contemplated by this Agreement and to have vacated,
lifted, reversed or overturned any such Order. Purchaser shall be entitled to direct any proceedings or negotiations with any Governmental Body relating to any of the foregoing, provided that, if commercially practicable and permitted by
applicable Law, it shall permit Shareholders to review any communication given by it to, and consult with each other in advance of any meeting or conference with, the DOJ, the FTC or any other Governmental Body or, in connection with any proceeding
by a private party, with any other Person, and to the extent appropriate or permitted by the DOJ, the FTC or such other applicable Governmental Body or other Person, give Shareholders the opportunity to attend and participate in such meetings and
conferences. Notwithstanding anything herein to the contrary, none of Purchaser or Shareholders or any of their respective Related Persons shall be obligated to agree to any arrangement (a “Burdensome Condition”) that (i) would
require the divestiture of any of their businesses, product lines or assets or involve any material requirement or restriction on any of its businesses, product lines or assets; (ii) would require any material modification of the existing
capital structure of any of the Companies, the Purchaser, any Seller or of their respective Related Persons; or (iii) would have a Material Adverse Effect on such Purchaser, Shareholders or any Company, provided that Purchaser shall
agree to (and represents that it will be able to comply with) any requirement currently imposed on a Company and any requirement imposed by the issuer of a Money Transmitter License or Governmental Body in connection with such issuer or Governmental
Body’s approval of the transactions contemplated herein that (A) is commercially reasonable for a money transmitter of the size and financial status of the Companies, it being acknowledged by the Parties that the fact that a Governmental
Body seeks to impose any additional requirement beyond those imposed on the Companies as

  

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of the date hereof does not, by itself, make such request commercially reasonable, and (B) does not result in the arrangements enumerated in (i)-(iii) of this Section 6.1.

 6.2 Further Mutual Covenants. 
 Purchaser and Shareholders shall each take all actions contemplated by this Agreement, and, subject to Purchaser’s and Shareholders’, as applicable, right to terminate this
Agreement pursuant to Article 11 hereof, do all things commercially reasonably necessary to effect the consummation of the transactions contemplated by this Agreement. Except as otherwise provided in this Agreement, Purchaser and Shareholders shall
each refrain from knowingly taking or failing to take any action which would render any of the representations or warranties contained in Article 3 or Article 4, as applicable, of this Agreement inaccurate in any material respect as of the Closing
Date. Each Party shall promptly notify the other Party of any action, suit, or proceeding that shall be instituted or threatened against such Party to restrain, prohibit, or otherwise challenge the legality of any transaction contemplated by this
Agreement. 
 6.3 Guarantees 
 Unless it agrees to waive satisfaction of the applicable condition to its obligations pursuant to Sections 7.16 or 7.17, (a) Purchaser agrees to execute a guarantee or other
document in substantially the same form as the guarantees or documents executed by GPN as referenced in Sections 7.16 and 7.17 herein, copies of which shall have been provided to Purchaser prior to the date hereof, and (b) if requested by HSBC,
American State Bank, or in connection with a Surety Bond, Purchaser will cause one of its Related Persons to execute such guarantee or other document. 
 6.4 Commercially Reasonable Efforts. 
 Subject to the
provisions of Sections 5.4 and 6.1, between the date of this Agreement and the Closing Date, Shareholders and Purchaser will use commercially reasonable efforts to cause the conditions in Article 7 and Article 8 to be satisfied. 
 ARTICLE 7 
 CONDITIONS PRECEDENT TO OBLIGATIONS OF PURCHASER 
 The obligation of Purchaser to consummate
the transactions contemplated by this Agreement shall be subject to the satisfaction, on or before the Closing Date, of each of the following conditions, all or any of which may be waived in writing, in whole or in part, by Purchaser: 
 7.1 Certificate Regarding Representations and Warranties. 
 The accuracy of the representations and warranties made by Shareholders in Article 3 and in each of the other Purchase Documents shall be assessed as of the date of this Agreement
and as of the Closing Date with the same effect as though all such representations and warranties had been made on and as of the Closing Date. There shall not exist inaccuracies in the representations and warranties of Shareholders set forth in

  

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this Agreement and each other Purchase Document such that individually or in the aggregate any such inaccuracy or inaccuracies has, or could reasonably be expected to have, a Material Adverse
Effect on the Companies; provided that, for purposes of this sentence only, those representations and warranties which are qualified by references to “material” or “Material Adverse Effect” shall be deemed not to include
such qualifications, and Purchaser shall have received a certificate dated as of the Closing Date executed by Shareholders and an authorized officer of the Company to such effect. 
 7.2 Compliance by Shareholders. 
 Shareholders shall have duly performed in all material respects all of the covenants, agreements, and conditions contained in this Agreement and each other Purchase Document to be performed by Shareholders on or prior to the Closing Date
and Purchaser shall have received a certificate dated the Closing Date, executed by the Shareholders’ Representative to such effect. Purchaser shall have received from the Shareholders’ Representative all applicable closing deliveries
including those set forth in Section 2.2(a), and such certificates or other evidence, dated as of the Closing Date, as Purchaser or its counsel shall reasonably request to evidence the performance of all covenants and the fulfillment by
Shareholders, or such other satisfaction at or prior to the Closing Date, of the terms and conditions of this Agreement. 
 7.3 No Injunction; Etc. 
 No Litigation, regulation, or legislation shall be pending or
threatened which seeks to enjoin, restrain, or prohibit Purchaser, or to obtain substantial damages from Purchaser, in respect of the consummation of the transactions contemplated hereby, or which seeks to enjoin the operation of any Company or all
or a material portion of any Company’s business, which, in the reasonable judgment of Purchaser, would make it inadvisable to consummate the transactions contemplated by this Agreement. 
 7.4 Consents; Authorizations; Approval of Legal Matters. 
 Purchaser shall have received a true and correct copy of each Consent and waiver of a Person who is not a Governmental Body that is required for the transfer of the Shares, including without limitation
those Consents set forth on Schedule 7.4 attached hereto. 
 7.5 HSR Act. 
 The Consent or approval of, or the expiration of the applicable waiting period imposed by, any Governmental Body under the
HSR Act, shall have been obtained. 
 7.6 Certified Resolutions. 
 Purchaser shall have received a certificate of the Secretary or Assistant Secretary of each Shareholder containing a true
and correct copy of the resolutions duly adopted by the board of directors (or similar governing body) of such Shareholder, approving and authorizing each of the Purchase Documents to which such Shareholder is a party and

  

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each of the transactions contemplated hereby and thereby. The Secretary or Assistant Secretary of each Shareholder shall also certify that such resolutions have not been rescinded, revoked,
modified, or otherwise affected and remain in full force and effect. 
 7.7 Incumbency. 
 Purchaser shall have received a certificate of incumbency of each Shareholder executed by the Secretary or Assistant
Secretary of each Shareholder listing the officers of such Shareholder authorized to execute the Purchase Document to which such Shareholder is a party and the instruments of transfer on behalf of such Shareholder, and certifying the authority of
each such officer to execute the agreements, documents, and instruments on behalf of such Shareholder in connection with the consummation of the transactions contemplated herein. 
 7.8 Certified Documents. 
 Purchaser
shall have received (a) the Organizational Documents of each Company, certified as of a recent date by the Secretary or Assistant Secretary of such Company; (b) the Organizational Documents of each Subsidiary, certified as of a recent date
by the Secretary or Assistant Secretary of such Subsidiary; and (c) to the extent available from the applicable Secretary of State or other Governmental Body, as applicable, a certificate of status, good standing or existence with respect to
each Company and each Subsidiary from the Secretary of State or other Governmental Body of the state or country under the laws of which such Company or such Subsidiary is incorporated, organized or registered, and of each state, country or other
jurisdiction in which such Company or such Subsidiary is qualified or registered to do business, dated as of a recent date. 
 7.9 Government Consents. 
 The Parties shall have received the following Consents:
(a) approval of the acquisition of the Companies by the Purchaser by all foreign and U.S. state and federal agencies issuing or administering any of the Money Transmitter Licenses, where such approval is required by any applicable Law for the
continued operation of the applicable Company’s money transmission business in any jurisdiction where it currently operates, as set forth in Schedule 7.9; and (b) any other Consents listed on Schedule 7.9. 
 7.10 Purchase Documents. 
 Purchaser shall have received from each Shareholder the Purchase Documents to which such Shareholder is a party, executed by such Shareholder. 
 7.11 No Material Adverse Change. 
 There shall not have been any Material Adverse Change related to any Company or its assets and properties since October 31, 2009, and Purchaser shall have received a certificate dated as of the Closing Date, executed by each
Shareholder to such effect. 
  

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 7.12 Releases. 
 Each Shareholder shall execute a release in the form of Exhibit A attached hereto, which, among other things,
releases each Company from any claims, other than claims arising under the Purchase Documents to which each Shareholder is a party and the transactions contemplated hereby and thereby that such Shareholder may have against the Company. 

7.13 Resignations of Officers and Directors. 
 Purchaser shall have received (a) the written resignations of the directors of each Company, and other Persons holding similar positions with any Company, and (b) written
resignations of the officers from their respective positions as officers (provided such resignation as an officer shall not be deemed termination of employment with such Company), in each case to be designated, in writing, by the Purchaser,
effective as of the Closing Date, which designation shall be delivered by the Purchaser no later than fifteen (15) Business Days prior to the Closing. 
 7.14 No Claim Regarding Securities Ownership or Sale Proceeds. 
 There must not have been made or threatened by any Person any claim asserting that such Person (a) is the holder or the beneficial owner of, or has the right to acquire or to obtain beneficial ownership of, any capital securities of,
or any other voting, equity, or ownership interest in, any Company or its Subsidiaries, or (b) is entitled to all or any portion of the Purchase Price payable for the Shares. 
 7.15 Termination of Agreements. 
 Each of the Affiliate Agreements listed on Schedule 3.19 (except those marked with an asterisk) shall have terminated prior to or contemporaneous with the Closing and such Affiliate Agreements shall be of no further force or
effect. 
 7.16 HSBC Line of Credit. 
 Subject to HSBC’s acceptance of a guarantee from the Purchaser in exchange for the guarantee currently in place from GPN, if HSBC shall require such a guarantee, that certain
line of credit between HSBC and GPN shall be in full force and effect on terms and conditions as are currently in place as of the date hereof (the “HSBC Agreement”). 
 7.17 American State Bank. 
 Subject
to American State Bank’s acceptance of a guarantee from the Purchaser in exchange for the guarantee currently in place from GPN, if American State Bank shall require such a guarantee, that certain agreement between Dolex Dollar and American
State Bank shall be in full force and effect on terms and conditions as are currently in place as of the date hereof (the “American Agreement”). 
  

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 7.18 FIRPTA Certificates. 
 Each Company shall have either (a) delivered to Purchaser a properly executed statement satisfying the requirements of
Treasury Regulation Sections 1.897-2(h) and 1.1445-2(c)(3) in a form reasonably acceptable to Purchaser or (b) caused each Shareholder to have executed and delivered to Purchaser certificates of non-foreign status satisfying the requirements of
Treasury Regulations Section 1.1445-2(b) in a form reasonably acceptable to Purchaser. 
 7.19 Surety Bond.

 The surety bonds that are provided to the Governmental Bodies (the “Surety Bonds”) shall
be in full force and effect and not subject to cancellation or termination as a result of the consummation of the transactions contemplated by this Agreement. 
 7.20 Estimated Closing Statement. 
 The Shareholders’
Representative shall have delivered to the Purchaser the Estimated Closing Statement setting forth the Estimated Purchase Price not less than fifteen (15) Business Days prior to the Closing Date, which Estimated Closing Statement shall also
include an updated Schedule 3.28 for the twelve (12) month period ending as of the month preceding the Closing Date. 
 7.21 Europhil 2009 Audit. 
 At least thirty (30) days prior to the Closing Date, the
Shareholders’ Representative shall have delivered to the Purchaser the audited statement of income, balance sheet and cash flow from operations of Europhil as of May 31, 2009 and for the twelve months then ended, prepared by the
Shareholders’ outside accountants in accordance with GAAP (the “Europhil 2009 Audited Financial Statements”) and accompanied by an Acceptable Audit Opinion; provided that this condition shall be deemed satisfied unless, within
seven (7) Business Days after receipt by the Purchaser of the Europhil 2009 Audited Financial Statements and the opinion of Europhil’s outside accountants thereto, the Purchaser notifies the Shareholders’ Representative in writing
that such opinion shall not be an Acceptable Audit Opinion. 
 ARTICLE 8 
 CONDITIONS PRECEDENT TO OBLIGATIONS OF SHAREHOLDERS 
 The obligation of Shareholders to consummate the transactions contemplated by this Agreement shall be subject to the satisfaction, on or before the Closing Date hereunder, of each of
the following conditions, all or any of which may be waived, in whole or in part, by Shareholders. 
 8.1 Certificate
Regarding Representations and Warranties. 
 The accuracy of the representations and warranties made by
Purchaser in Article 4 and in each of the other Purchase Documents shall be assessed as of the date of this

  

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Agreement and as of the Closing Date with the same effect as though all such representations and warranties had been made on and as of the Closing Date. There shall not exist inaccuracies in the
representations and warranties of Purchaser set forth in this Agreement and each other Purchase Document such that individually or in the aggregate any such inaccuracy or inaccuracies has, or could reasonably be expected to have, a Material Adverse
Effect on Purchaser; provided that, for purposes of this sentence only, those representations and warranties which are qualified by references to “material” or “Material Adverse Effect” or to the “Knowledge” of
Purchaser shall be deemed not to include such qualifications; and Shareholders shall have received a certificate dated as of the Closing Date executed by an authorized officer of Purchaser to such effect. 
 8.2 Compliance by Purchaser. 
 Purchaser shall have duly performed in all material respects all of the covenants, agreements, and conditions contained in this Agreement and each other Purchase Document to be performed by Purchaser on
or before the Closing Date, and Shareholders shall have received a certificate dated the Closing Date, executed by an authorized officer of Purchaser, to such effect. Shareholders shall have received from Purchaser all applicable closing deliveries,
including those set forth in Section 2.2(b), and such certificates or other evidence, duly executed by Purchaser, dated as of the Closing Date, as Shareholders or their counsel shall reasonably request to evidence the performance of all
covenants and the fulfillment by Purchaser, or such other satisfaction at or prior to the Closing Date, of the terms and conditions of this Agreement. 
 8.3 No Litigation; Etc. 
 No action, proceeding,
investigation, regulation, or legislation shall be pending or overtly threatened by a Third Party which seeks to enjoin, restrain, or prohibit Shareholders, or to obtain substantial damages from Shareholders, in respect of the consummation of the
transactions contemplated hereby, which, in the reasonable judgment of Shareholders, would make it inadvisable to consummate such transactions. 
 8.4 Antitrust. 
 The Consent or approval of, or the
expiration of the applicable waiting period imposed by, any Governmental Body under the HSR Act or any applicable Antitrust Law, shall have been obtained. 
 8.5 Certified Resolutions. 
 Shareholders shall have
received from Purchaser a certificate executed by the Secretary of Purchaser containing a true and correct copy of resolutions duly adopted by Purchaser’s board of directors (or similar governing body) approving and authorizing each of the
Purchase Documents to which Purchaser is a party and each of the transactions contemplated hereby and thereby. The Secretary or Assistant Secretary of Purchaser shall also certify that such resolutions have not been rescinded, revoked, modified, or
otherwise affected and remain in full force and effect. 
  

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 8.6 Incumbency. 
 Shareholders shall have received a certificate of incumbency of Purchaser executed by the Secretary or Assistant Secretary
of Purchaser listing the officers of Purchaser authorized to execute the Purchase Documents to which Purchaser is a party and the instruments of assumption on behalf of Purchaser and certifying the authority of each such officer to execute the
agreements, documents, and instruments on behalf of Purchaser in connection with the consummation of the transactions contemplated herein. 
 8.7 Government Consents. 
 The Parties shall have received
the following Consents: (a) approval of the acquisition of the Companies by the Purchaser by all foreign and U.S. state and federal agencies issuing or administering any of the Money Transmitter Licenses, where such approval is required by any
applicable Law for the continued operation of the applicable Company’s money transmission business in any jurisdiction where it currently operates, as set forth on Schedule 8.7; and (b) any other Consents listed on
Schedule 8.7. 
 8.8 Purchase Documents. 
 Shareholders shall have received the Purchase Documents to which Purchaser is a party, executed by Purchaser. 
 8.9 Payment of Purchase Price. 
 Shareholders shall have received the Estimated Purchase Price from Purchaser. 
 8.10 Guarantees. 
 GPN shall be released from its guarantees under each of the HSBC Agreement
and American State Bank Agreement which, if required by HSBC and American State Bank, shall be replaced with a Purchaser guarantee in accordance with Section 6.3. 
 8.11 Surety Bond. 
 GPN shall be released from its
indemnity under any of the Surety Bonds, which, if required, shall be replaced with a Purchaser indemnity in accordance with Section 6.3. 
 ARTICLE 9 
 POST CLOSING MATTERS 
 9.1 Employee Benefit Plans. 
 (a) Each individual who is employed by any Company immediately prior to the Closing Date shall remain an employee of such Company following the Closing Date, provided, that nothing in this
Section 9.1(a) shall be construed to limit the ability of the Purchaser to terminate the employment of any such employee following the Closing Date in accordance with applicable Laws. Subject to subsection (c) below, the Purchaser shall

  

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provide the employees of any Company or any Subsidiary thereof at or after the Closing Date (“Continuing Employees”) with benefits pursuant to Purchaser’s Employee Benefit
Plans. With respect to Continuing Employees performing services primarily outside of the U.S., Purchaser shall continue to maintain benefits under the Foreign Plans to the extent required under applicable Law and if permissible under the terms of
the Foreign Plan. Purchaser shall cause its benefit plans to be arranged or amended such that (i) the Continuing Employees performing services primarily in the U.S., who participate in Employee Benefit Plans of any Company, any Company
Subsidiary or any Shareholder, suffer no gap in coverage or benefits or duplication of costs in transitioning between such Employee Benefit Plans of any Company, any Subsidiary or Shareholder (as may have been provided by a Related Person) and
Purchaser, including, without limitation, no waiting periods to participate, no pre-existing limitation exclusions, and no duplication of deductibles or out of pocket expenses for the same plan year or any portion thereof; and (ii) for purposes
of all Employee Benefit Plans of the Purchaser that are in effect as of the Closing Date, other than any defined benefit pension plans, the Continuing Employees performing services primarily in the U.S. shall receive past service credit for their
employment with their applicable Company or Subsidiary before the Closing. Purchaser also shall cause the Companies and their Subsidiaries to honor all employment, severance, consulting and other compensation Contracts disclosed in Schedule
9.1 to Purchaser between any Company or Subsidiary and any current or former director, officer, or employee thereof, and all provisions for vested benefits or other vested amounts earned or accrued through the Closing Date under any U.S. Company
Benefit Plan and Foreign Plan, if applicable, but only to the extent any accruals with respect thereto reflected on the Balance Sheets. Following the Closing Date, Purchaser shall, or shall cause the Company to, pay all bonuses to the Continuing
Employees and for the amounts listed on Schedule 9.1 attached hereto. 
 (b) Except as required by
applicable Law with respect to Continuing Employees performing services primarily outside of the U.S., the Purchaser shall not be required to adopt an Employee Benefit Plan that corresponds to, or provides benefits that are equivalent, comparable or
similar to those provided under, each U.S. Company Benefit Plan that covers any Continuing Employees prior to the Closing Date. 
 9.2 Retention of Records. 
 (a) Purchaser shall retain, and cause each Company after the
Closing to retain, all Books and Records which are in such Company’s possession at the Closing relating to accounting or legal matters prior to the Closing for a period of at least two (2) years from the date hereof or such further period
as may be required by any applicable Law in effect as of the date of this Agreement or that may be enacted thereafter; provided, however, that at the end of such two (2) year or applicable longer period the Books and Records may
be disposed of by Purchaser or the applicable Company, if Purchaser or such Company first offers to surrender possession thereof to Shareholders at Shareholders’ expense. Shareholders shall have the right during business hours, upon reasonable
notice to Purchaser or any Company, to inspect and make copies of any such records for any reasonable purpose. 
  

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 (b) Except as otherwise provided in this Agreement, Shareholders may retain
(i) one copy of the materials included in the data room organized by Shareholders in connection with the purchase and sale of the Shares, together with a copy of all documents referred to in such materials, (ii) all internal correspondence
and memoranda, valuations, investment banking presentations and bids received from others in connection with the sale of the Shares, and (iii) a copy of all consolidating and consolidated financial information and all other accounting records
prepared or used in connection with the preparation of the Financial Statements. 
 9.3 Further Assurances. 

Shareholders agree from time to time after the Closing Date, at Purchaser’s request, to execute, acknowledge, and
deliver to Purchaser such other instruments of conveyance and transfer and will take such other actions and execute and deliver such other documents, certifications, and further assurances as Purchaser may reasonably require in order to vest more
effectively in Purchaser, or to put Purchaser more fully in possession of, any of the Companies’ rights or assets. Each of the Parties hereto will cooperate with the other and execute and deliver to the other Parties hereto such other
instruments and documents and take such other actions as may be reasonably requested from time to time by any other Party hereto as necessary to carry out, evidence, and confirm the intended purposes of this Agreement. Each Party shall bear its own
costs and expenses in compliance with this Section 9.3. 
 9.4 Noncompetition and Nonsolicitation. 
 (a) The Shareholders jointly and severally covenant and agree with the Purchaser that from and after the Closing Date and
through the third (3rd) anniversary of the Closing Date (the “Restrictive Period”), none of them nor any Related Person, as of the date hereof or that shall later become a Related Person, shall, directly or indirectly:

 (i) engage in the Competing Business within the Restricted Region; or 
 (ii) as a partner, member or stockholder (except as a holder, for investment purposes only, of not more than five percent
(5%) of the outstanding stock of any company listed on a national securities exchange, or actively traded in a national over-the-counter market), equity holder, or joint venturer of any other Person, or, directly or beneficially, own, manage,
operate, control, or participate in the ownership, management, operation or control of, a Person that is engaged in the Competing Business in the United States if such Person derives an amount greater than $15,000,000 of its annual revenues from the
Competing Business in the Restricted Region during its most recently ended calendar year as determined in accordance with GAAP. For the avoidance of doubt the indirect or direct use of the Stored Value Platform Software to assist any Person engaging
in the Competing Business in the Restricted Region during the Restrictive Period shall be a breach of this Section 9.4(a). 
  

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 Notwithstanding the foregoing, during the Restrictive Period, a Shareholder or one of its
Related Persons may acquire any Person or assets, merge or otherwise combine with any Person, or be acquired by any Person (whether in one transaction or a series of related transactions), notwithstanding that such assets or such Person or any of
its Related Persons, directly or indirectly, is engaged in the Competing Business (any such transaction or series of related transactions, a “Combination Transaction” and the assets subject to such Combination Transaction or the
Person with which such Combination Transaction is effected, the “Combining Person”) which had annual revenues from the Competing Business that exceeded $15,000,000 annually as determined in accordance with GAAP during the twelve
(12) months ending on the date of the consummation of the Combination Transaction, provided that such Shareholder, Related Person or Combining Person uses commercially reasonable efforts to divest within twelve (12) months of the
consummation of such Combination Transaction, the assets, properties and business so acquired representing at least the excess Competing Business revenues, unless there are less than twelve (12) months left in the Restrictive Period, in which
case such Shareholder or Related Person shall have no obligation to divest. The failure to use commercially reasonable efforts to make such a divestiture with respect to a Combination Transaction during the applicable twelve (12) month period
shall be a material breach of this Section 9.4. 
 (b) The Shareholders agree that none of them or their
respective Related Persons will, directly or indirectly, alone or with others, during the Restrictive Period, solicit or assist anyone else in the solicitation of, any employee of any of the Companies to terminate his or her employment with such
Company, provided that such restriction shall not apply to any such employee who responds to a general advertisement of employment with the Shareholders or any Related Person of the Shareholders or is terminated by the Purchaser. For the
avoidance of doubt, (i) the Shareholders may solicit or hire Ken Domenech at any time following his termination of employment (whether voluntary or involuntary) with any Company or any Related Person of any Company, provided, that in the
case of a voluntary termination such termination shall have occurred without the inducement of any Shareholder or any Related Person of any Shareholder and (ii) the Shareholders may discuss Ken Domenech’s employment with a Shareholder or
any Related Person of a Shareholder if Ken Domenech initiates such discussions and the Shareholder’s offer of employment to Ken Domenech during such discussions shall not be considered an inducement for Ken Domenech to leave his employment with
the Company or any Related Person of a Company. 
 (c) During the Restrictive Period, the Purchaser and its
Related Persons shall not use, indirectly or directly, the Stored Value Platform Software on its behalf or on behalf of any other Person in connection with merchant acquiring services, except to the extent such services are provided by a Company or
a Related Person of a Company to a Person in addition to money transfer or other services provided by such Company or Related Person to such Person or as part of a good faith attempt by a Company or Related Person of a Company to provide other
products or services to a Person. 
 (d) If any provision contained in this Section 9.4 shall for any
reason be held invalid, illegal or unenforceable in any respect, such invalidity, illegality or

  

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unenforceability shall not affect any other provision of this Section 9.4, but this Section 9.4 shall be construed as if such invalid, illegal or unenforceable provision had never been
contained herein. It is the intention of the parties that if any of the restrictions or covenants contained herein is held to cover a geographic area or to be for a length of time which is not permitted by applicable Law, or in any way construed to
be null, void and of no effect, but to the extent such provision would be valid or enforceable under applicable Law, a court of competent jurisdiction shall construe and interpret or reform this Section 9.4 to provide for a covenant having the
maximum enforceable geographic area, time period and other provisions (not greater than those contained herein) as shall be valid and enforceable under such applicable Law. 
 (e) The Parties acknowledge that the other Party would be irreparably harmed by any breach of this Section 9.4 and that there would be no adequate remedy at Law or in damages to
compensate such other Party for any such breach and that, in addition to any relief at Law which may be available to such other Party for such violation or breach or regardless of any other provision in this Agreement, such other Party shall be
entitled to injunctive and other equitable relief as the court may grant after considering the intent of this Section 9.4. 
 (f) Notwithstanding anything to the contrary in this Agreement, the Purchaser’s rights under this Section 9.4 may be assigned by the Purchaser, without the consent of any Shareholder, in
connection with a sale of any Company or the business of any Company after the Closing or pursuant to Section 15.5 hereof. 
 ARTICLE 10 
 CONFIDENTIALITY; PUBLIC ANNOUNCEMENTS 
 10.1 Confidentiality. 
 The provisions of that certain Mutual Non-Disclosure Agreement dated August 5, 2008 by and between Palladium Capital Management III, L.L.C. and GPN are hereby incorporated herein in their entirety
and the Parties agree to be bound thereby. 
 10.2 Public Announcements. 
 Except as set forth in this Section 10.2, Shareholders and Purchaser will consult with each other before issuing any
press releases or otherwise making any public statements or filings with Governmental Bodies with respect to this Agreement or the transactions contemplated hereby and shall not issue any press releases or make any public statements or filings with
Governmental Bodies prior to such consultation and shall modify any portion thereof if the other Party reasonably objects thereto, unless the same may be required by applicable Law. When participating, hosting or conducting an oral presentation or
conference call, any Party may respond to reasonable requests or questions from analysts so long as such responses are not in writing; provided, however, no information shall be disclosed regarding Palladium Capital Management III,
L.L.C. or any of its Related Persons (other than Purchaser) without the consent of Purchaser. Notwithstanding the foregoing, information about the transactions contemplated hereby

  

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included in any press release or public statement, which has been the subject of consultation between the Parties, may be republished by either Party without any prior consultation with the other
Parties. 
 ARTICLE 11 
 TERMINATION 
 11.1 Termination. 
 This Agreement may be terminated: 
 (a) by the mutual consent of Purchaser, on the one hand, and Shareholders, on the other; 
 (b) by Purchaser (i) if any condition in Article 7 becomes impossible to perform or satisfy or has not been satisfied in full (in either case, other than as a result of a breach
or default by Purchaser in the performance of its obligations hereunder) or waived by Purchaser in writing at or prior to the Closing Date, or (ii) if there is or has been a breach by any Shareholder of Section 5.3; 
 (c) by the Shareholders (i) if any condition in Article 8 becomes impossible to perform or satisfy or has not been
satisfied in full (in either case, other than as a result of a default by any Shareholder in the performance of its obligations hereunder) and the performance of such condition has not been waived by the Shareholders’ Representative in writing
at or prior to the Closing Date or (ii) if there is or has been a breach by Purchaser of Article 6; or 
 (d) by either Party (other than a Party that is in default of its obligations under this Agreement) if the Closing shall not have occurred on or before September 30, 2010. 
 11.2 Effect of Termination. 
 As to
any damages of either Party arising from the effect of termination or abandonment of this Agreement by the other Party, such Party is entitled to pursue its rights or remedies against the other Party to the extent such rights or remedies may be
available at law or in equity. 
 11.3 Break Fee 
 In the event this Agreement is terminated by Shareholders because of a breach by Purchaser of Article 6, Purchaser shall pay to the Shareholders a break fee in the amount of Four
Million Two Hundred Fifty Thousand Dollars ($4,250,000). 
  

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 ARTICLE 12 
 INDEMNIFICATION 
 12.1 Agreement of Shareholders to
Indemnify. 
 Subject to the terms and conditions of this Article 12, Shareholders, jointly and severally,
agree to indemnify, defend, reimburse and hold harmless the Purchaser Indemnitees from, against, for, and in respect of any and all Damages asserted against, relating to, imposed upon, or incurred by the Purchaser Indemnitees by reason of, resulting
from, based upon, or arising out of: 
 (a) the breach of any representation or warranty of any Shareholder
contained in or made pursuant to any Purchase Document or in any certificate, Schedule, or Exhibit furnished by any Shareholder in connection herewith or therewith, without regard to any due diligence by the Purchaser or its representatives or any
disclosure by the Shareholders or their representatives other than pursuant to any such representation or warranty; 
 (b) the breach or nonfulfillment of any covenant or agreement of any Shareholder contained in or made pursuant to any Purchase Document; 
 (c) any Escheatment Liabilities as of the Closing Date in excess of the amount of such Escheatment Liabilities used for determination of the final Purchase Price and any penalties, fines or interest
assessed by any Governmental Body for noncompliance with any Escheatment Law prior to the Closing Date in excess of the amount of such penalties, fines or interest used for determination of the final Purchase Price; 
 (d) the requirement in any Lease for a Company Store that the landlord Consent to a change in control of the Company that
was a party to such Lease; provided that Purchaser not seek any such consent, except that (i) the Purchaser may seek such Consents if required to do so by a financing source of the Purchaser or a Related Person of the Purchaser (in which case
the Purchaser shall inform the Shareholder Representative in writing of such requirement and allow the Shareholder Representative to participate in such process), (ii) the Purchaser may seek such Consents if first required to do so by the
applicable landlord, lessor or sublessor in connection with the modification, extension or renewal of a Lease, and (iii) any informal comments by the personnel at a Company Store with respect to the transactions contemplated by this Agreement
shall not be considered to be the Purchaser’s attempt to get Consent which would void the Shareholder’s indemnity obligations hereunder; 
 (e) any and all items set forth on Schedule 12.1 attached hereto (except to the extent any such Liability arises out of the gross negligence, recklessness or intentional misconduct of the Companies
or its Related Persons after Closing); and 
 (f) any and all actions, suits, claims, proceedings,
investigations, demands, assessments, audits, fines, judgments, costs and other expenses (including, without

  

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limitation, reasonable legal fees and expenses) incident to any of the foregoing or to the enforcement of this Section 12.1. 
 (g) Notwithstanding anything herein to the contrary, each Shareholder that is not a Company agrees and acknowledges
that, after the Closing, such Shareholder shall not have any right (direct or indirect) of contribution, reimbursement or indemnification against any Company with respect to any breach by any Company of any of its
representations, warranties, covenants or agreements contained in this Agreement. 
 12.2 Agreement of Purchaser to
Indemnify. 
 Subject to the terms and conditions of this Article 12, Purchaser agrees to indemnify, defend,
reimburse and hold harmless the Shareholder Indemnitees from, against, for, and in respect of any and all Damages asserted against, relating to, imposed upon, or incurred by the Shareholder Indemnitees arising out of: 
 (a) the breach of any representation or warranty of Purchaser contained in or made pursuant to any Purchase Document or in
any certificate, schedule, or Exhibit furnished by Purchaser in connection herewith or therewith, without regard to any due diligence by the Shareholders or their representatives or any disclosure by the Purchaser or its representatives other than
pursuant to any such representation or warranty; 
 (b) the breach of any covenant or agreement of Purchaser
contained in or made pursuant to any Purchase Document; and 
 (c) any and all actions, suits, claims,
proceedings, investigations, demands, assessments, audits, fines, judgments, costs and other expenses (including, without limitation, reasonable legal fees and expenses) incident to any of the foregoing or to the enforcement of this
Section 12.2. 
 12.3 Procedures for Indemnification. 
 (a) An Indemnification Claim shall be made by the Indemnitee by delivery of a written declaration to the Indemnitor
requesting indemnification and specifying the basis on which indemnification is sought and the amount of asserted Damages and, in the case of a Third Party Claim, containing (by attachment or otherwise) such other information as the Indemnitee shall
have concerning such Third Party Claim. 
 (b) If the Indemnification Claim involves a Third Party Claim, the
procedures set forth in Section 12.4 hereof shall be observed by the Indemnitee and the Indemnitor. 
 (c)
If the Indemnification Claim involves a matter other than a Third Party Claim, the Indemnitor shall have thirty (30) Business Days to object to such Indemnification Claim by delivery of a written notice of such objection to the Indemnitee
specifying in reasonable detail the basis for such objection. Failure to timely so object shall constitute a final and binding acceptance of the Indemnification Claim by the Indemnitor and the Indemnification Claim shall be paid within ten
(10) Business Days. If an objection is timely interposed by the Indemnitor, then the Indemnitee and the

  

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Indemnitor shall negotiate in good faith for a period of sixty (60) Business Days from the date (such period is hereinafter referred to as the “Negotiation Period”) the
Indemnitee receives such objection. After the Negotiation Period, if the Indemnitor and the Indemnitee still cannot agree on the amount of an Indemnification Claim, either the Indemnitor or the Indemnitee may submit the dispute concerning such
Indemnification Claim for resolution as provided in Section 15.2 below; provided, however, nothing herein shall prevent the parties from seeking equitable or injunctive relief in a court of equity with respect to such dispute.

 12.4 Defense of Third Party Claims. 
 (a) In the event of a Third Party Claim, the Indemnitor shall have thirty (30) days (or such lesser time as may be necessary to comply with statutory response requirements for
litigation claims that are included in such Third Party Claims) from receipt of the Indemnification Claim (the “Notice Period”) to notify the Indemnitee, (i) whether or not the Indemnitor disputes its liability to the
Indemnitee with respect to such claim, and (ii) notwithstanding any such dispute, whether or not the Indemnitor will, at its sole cost and expense, defend the Indemnitee against such claim. 
 (b) In the event that the Indemnitor notifies the Indemnitee within the Notice Period that it will defend the Indemnitee
against such claim then, except as hereinafter provided, the Indemnitor shall have the right to defend the Indemnitee by appropriate proceedings, which proceedings shall be promptly settled or prosecuted by the Indemnitor to a final conclusion. If
the Indemnitee desires to participate in, but not control, any such defense or settlement, it may do so at its sole cost and expense. If in the reasonable opinion of the Indemnitee, any such claim or the litigation or resolution of any such claim
involves an issue or matter that could have a Material Adverse Effect on the Indemnitee, the Indemnitee shall have the right to control the defense or settlement of any such claim or demand and its reasonable costs and expenses shall be included as
part of the indemnification obligation of the Indemnitor. If the Indemnitee should elect to exercise such right, the Indemnitor shall have the right to participate in, but not control, the defense or settlement of such claim at its sole cost and
expense. 
 (c) Except where the Indemnitor disputes its liability in a timely manner under this
Section 12.4, the Indemnitor shall be conclusively liable for the amount of any Damages resulting from such claim or defense. If the Indemnitor disputes its liability in a timely manner, the procedures set forth in Section 12.3 hereof
shall be observed by the Indemnitee and the Indemnitor in resolving the liability of the Indemnitor to the Indemnitee. 
 (d) The Indemnitee and the Indemnitor shall cooperate with each other in all reasonable respects in connection with the defense of any Third Party Claim, including making available records relating to such claim and furnishing, without
expense to the Indemnitor, management employees of the Indemnitee as may be reasonably necessary for the preparation of the defense of any such claim or for testimony as witness in any proceeding relating to such claim. 
  

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 (e) For the avoidance of doubt, the Third Party Claims identified in
Schedule 12.1 shall be considered Third Party claims for which the Indemnitor has notified the Indemnitee that it will indemnify the Indemnitee against such Third Party Claim. 
 12.5 Settlement of Third Party Claims. 
 No settlement of a Third Party Claim involving the asserted Liability of the Indemnitee under this Article 12 shall be made without the prior written consent by or on behalf of the Indemnitee, which consent shall not be unreasonably
withheld or delayed. Consent shall be presumed in the case of settlements of $10,000 or less where the Indemnitee has not responded within twenty (20) Business Days of written notice of a proposed settlement. In the event of any dispute
regarding the reasonableness of a proposed settlement, the Party that will bear the larger financial Damages resulting from such settlement shall make the final determination in respect thereto, which determination shall be final and binding on all
involved parties. Any settlement of a Third Party Claim shall include an unconditional release of the Indemnitee from all Liability in respect of such Third Party Claim. 
 12.6 Duration. 
 The indemnification rights of the parties
hereto for Damages resulting from a breach of representations and warranties contained in any Purchase Document (other than the representations and warranties of Shareholders set forth in (a) Sections 3.1, 3.2(a), 3.2(c) (solely in respect of
Liens on the Shares), 3.8, or the first two sentences of Section 3.3 (such representations and warranties, the “Special Representations”) or (b) Sections 3.7, 3.12 or 3.13) are subject to the condition that the Indemnitor
shall have received written notice of the Damages for which indemnity is sought within two (2) years after the Closing Date. The indemnification rights of the Purchaser for Damages resulting from a breach of any representation and warranty set
forth in Sections 3.8, 3.12 or 3.13 are subject to the condition that the Indemnitor shall have received written notice of the Damages for which indemnity is sought prior to ninety (90) days following the expiration of the applicable statute of
limitations. The indemnification rights of the Purchaser for Damages resulting from a breach of any representation and warranty set forth in Section 3.7 are subject to the condition that the Indemnitor shall have received written notice of the
Damages for which indemnity is sought within four (4) years of the Closing Date. 
 12.7 Limitations. 
 (a) The Indemnitor shall be obligated to indemnify the Indemnitee only when the aggregate of all Damages suffered or
incurred by the Indemnitee as to which a right of indemnification is provided under Sections 12.1(a) or 12.2(a) exceeds $1,500,000 (such amount, the “Threshold Amount”), provided that with respect to Damages resulting from a
breach of the representations and warranties contained in Section 3.13, the Indemnitor shall be obligated to indemnify the Indemnitee only when the aggregate of all Damages suffered or incurred by the Indemnitee as to which a right of
indemnification is provided under Sections 12.1(a), or 12.2(a) or 14.2 exceeds Twenty-Five Thousand

  

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Dollars ($25,000.00) (such amount, the “Tax Threshold Amount”). After satisfaction of the Tax Threshold Amount, the Indemnitor would be obligated to indemnify the Indemnitee for
all amounts, including the Tax Threshold Amount. After the aggregate of all Damages suffered or incurred by the Indemnitee exceeds the Threshold Amount, the Indemnitor shall be obligated to indemnify the Indemnitee only to the extent the aggregate
of all such Damages exceeds the Threshold Amount. In no event shall the aggregate Liability of Shareholders, or the aggregate Liability of Purchaser, under this Article 12 exceed fifty percent (50%) of the Purchase Price (the “Maximum
Amount”). Furthermore, no claim for Damages may be made for indemnification hereunder if the amount of such claim does not exceed $175,000 (the “de minimis Amount”), provided
that a claim for Damages that is $175,000 or less shall count towards satisfaction of the Threshold Amount, provided, further that related claims shall be aggregated and count towards such $175,000 amount. Notwithstanding the above, none of
the Threshold Amount, the Maximum Amount or the de minimis Amount limitations shall apply to the indemnification rights of the parties hereto for Damages resulting from those Liabilities relating to (A) any Special Representation;
(B) any representation or warranty of the Shareholders under Section 3.13 or any indemnification under Section 14.2 (provided that the Tax Threshold Amount shall apply to any such indemnification rights) or Section 3.4(c); or
(C) indemnification under Section 12.1(c), 12.1(d), or 12.1(e) and the payment of such amounts by the Indemnitor shall not count toward the calculation of the Maximum Amount or the de minimis amount of the Indemnitor. 
 (b) The Indemnitor shall not be liable for Damages in excess of the actual Damages suffered by the Indemnitee as a result of
the act, circumstance, or condition for which indemnification is sought. 
 (c) In no event will any Party be
liable for any amounts for (i) loss of income, profit or revenue of the other Party or any Related Person of such Party, or (ii) incidental, consequential, special, indirect, punitive or exemplary damages suffered by the other Party and
its Related Persons arising from or related to this Agreement, even if such Party has been advised of the possibility thereof; unless, in each case, such damages are payable by the other Party to a third party. 
 (d) Except with respect to the Special Representations, Section 3.13 (once the Tax Threshold Amount has been
satisfied), Section 14 (once the Tax Threshold Amount has been satisfied) and the Shareholders’ indemnification obligations under Sections 12.1(c) and 12.1(d), in determining whether a representation, warranty or covenant has been breached
for purposes of Sellers’ obligations to indemnify Purchaser under Section 12.1 and determining the amount of any Damages under this Article 12, materiality, Material Adverse Effect or other similar qualifiers contained in any
representation, warranty or covenant will be disregarded. 
 12.8 Adjustment to Purchase Price. 
 Any payment of an Indemnification Claim hereunder shall be accounted for as an adjustment to the Purchase Price. 

 

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 12.9 Insurance. 
 In the event an Indemnitee actually receives any insurance proceeds with respect to Damages for which the Indemnitee has
made a claim prior to the date on which the Indemnitor is required pursuant to this Article 12 to pay such claim, the claim shall be reduced by an amount equal to such insurance proceeds received by the Indemnitee less all costs incurred by the
Indemnitee in obtaining such insurance proceeds. If such insurance proceeds are actually received by the Indemnitee after the date on which the Indemnitor is required pursuant to this Article 12 to pay such claim, the Indemnitee shall, no later than
thirty (30) days after the receipt of such insurance proceeds, reimburse the Indemnitor in an amount equal to such insurance proceeds (but in no event in an amount greater than the Damages theretofore paid to the Indemnitee by the Indemnitor)
less all reasonable costs incurred by the Indemnitee in obtaining such insurance proceeds. Notwithstanding the foregoing, the Indemnitee is not required to pursue a recovery from an insurer as a precondition to the Indemnitor’s obligation to
pay any claim as required by this Article 12 or otherwise and the Indemnitor shall not be entitled to delay any payment beyond the respective payment dates for any claim referred to in this Article 12 for the purpose of awaiting receipt of insurance
proceeds or credits therefor as provided herein. 
 12.10 Subrogation Rights. 
 In the event that the Indemnitor shall be obligated to indemnify the Indemnitee pursuant to this Article 12, the Indemnitor
shall, upon payment of such indemnity in full, be subrogated to all rights of the Indemnitee with respect to the Damages to which such indemnification relates; provided, however, that the Indemnitor shall only be subrogated to the
extent of any amount paid by it pursuant to this Article 12 in connection with such damages. 
 12.11 Exclusive Remedy. 

 (a) Other than with respect to Sections 9.4 or 14.2, a Party’s exclusive remedy for Damages arising out
of any breach of any representation, warranty, agreement or covenant of another Party contained herein shall be indemnification pursuant to this Article 12. 
 (b) Notwithstanding the provisions of Section 12.11(a), nothing shall restrict the Purchaser or the Shareholders from seeking specific performance of the obligations of the
other Party, it being acknowledged by the Purchaser and the Shareholders that a breach by the other Party of such obligations would cause the non-breaching Party irreparable harm for which money damages would be inadequate to compensate the
non-breaching Party for the damages it would sustain. 
  

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 ARTICLE 13 
 APPOINTMENT OF SHAREHOLDERS REPRESENTATIVE 
 13.1
Appointment of Shareholders’ Representative; Acceptance; Effectiveness. 
 (a) By executing this
Agreement, each Shareholder irrevocably constitutes and appoints James G. Kelly (the “Shareholders’ Representative”) as each party’s attorney-in-fact and agent, with full power of substitution, to execute and deliver the
Purchase Documents, other than this Agreement, on behalf of each Shareholder and to act for and on behalf of such party with respect to any Indemnification Claim or other matter arising under this Agreement or the Purchase Documents. Each party
acknowledges and agrees that the appointment of the Shareholders’ Representative for such party is coupled with an interest and may not be revoked. The Shareholders’ Representative (i) accepts his appointment and authorization to act
as attorney-in-fact and agent on behalf of each such party in accordance with the terms of this Agreement and the Purchase Documents and (ii) agrees to perform his obligations hereunder and under the Purchase Documents, and otherwise comply
with, this Agreement and the Purchase Documents. Each party fully and completely, without restrictions, agrees to be bound by all notices received and agreements and determinations made by and documents executed and delivered by the
Shareholders’ Representative under this Agreement and the Purchase Documents, and authorizes the Shareholders’ Representative to (i) dispute or refrain from disputing any Indemnification Claim made by a Purchaser Indemnitee under
Article 12 of this Agreement or under the Purchase Documents, (ii) negotiate and compromise any dispute which may arise under Article 12 of this Agreement or under the Purchase Documents, (iii) exercise or refrain from exercising any
remedies available to the parties under Article 12 of this Agreement or under the Purchase Documents, (iv) sign any releases or other documents with respect to any such dispute or remedy, (v) waive any condition contained in Article 12 of
this Agreement or under the Purchase Documents, and (vi) give such instructions and to do such other things and refrain from doing such other things as the Shareholders’ Representative in its sole discretion deems necessary or appropriate
to carry out the provisions of Article 12 of this Agreement or under the Purchase Documents. 
 (b) The
Shareholders’ Representative may resign as such by delivering written notice to such effect at least thirty (30) days prior to the effective date of such resignation to each Shareholder. Any Shareholder may terminate the appointment of the
Shareholders’ Representative hereunder by delivering written notice to the Shareholders’ Representative which notice shall designate the effective date of such termination. In the event of such resignation or termination, a successor
Shareholders’ Representative shall be appointed by the Shareholders and written notice of such appointment shall be delivered to Purchaser. After the appointment of a person as successor Shareholders’ Representative, all references herein
to the Shareholders’ Representative shall be deemed to include such successor. 
 (c) The
Shareholders’ Representative shall have no liability to the Shareholders for any actions or omissions taken or suffered in good faith in his capacity as the Shareholders’ Representative. 
  

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 ARTICLE 14 
 TAX MATTERS 
 14.1 Filing Responsibility.

 The following provisions shall govern the allocation of responsibility and payment of Taxes as between
Purchaser and the Shareholders for certain Tax matters following the Closing Date: 
 (a) Between the date of
this Agreement and the Closing Date, the Shareholders shall prepare and file, or cause to be prepared and filed, on a timely basis, all Tax Returns that are required to be filed by or on behalf of each Company (taking account of extensions) prior to
the Closing Date and shall pay or cause to be paid all Taxes due and payable with respect thereto. Shareholders shall provide a copy of any such Tax Returns to Purchaser (in the case of any Tax Returns filed on an affiliated, consolidated, combined
or similar basis with any Shareholder, Shareholders shall provide a pro forma Tax Return) within fifteen (15) Business Days after the filing of such Tax Returns. 
 (b) Purchaser shall prepare or cause to be prepared and file or cause to be filed all Tax Returns required to be filed by or on behalf of each Company for all taxable periods ending
on or prior to the Closing Date (a “Pre-Closing Period”) which are required to be filed after the Closing Date (taking account of extensions) (other than income Tax Returns filed on an affiliated, consolidated, combined or similar
basis with any Shareholder, which such Shareholder shall prepare and provide a pro forma Tax Return to Purchaser for review). Purchaser shall submit a draft of any such Tax Returns to the Shareholders (or in the case of any Tax Returns filed on an
affiliated, consolidated, combined or similar basis with any Shareholder, Shareholders shall provide a pro forma Tax Return to the Purchaser) for its review and comment at least forty-five (45) calendar days prior to the due date of such Tax
Returns, and each Party shall make any reasonable changes proposed by the other Party. The Shareholders shall reimburse Purchaser for Taxes of each Company with respect to all such Pre-Closing Periods within fifteen (15) days before payment by
Purchaser or any Company of such Taxes to the extent such Taxes were not reflected as a liability on the Balance Sheets. 
 (c) Purchaser shall prepare or cause to be prepared and file or cause to be filed any Tax Returns required to be filed by or on behalf of each Company (or for which each Company is required to file) for
all Straddle Periods. Purchaser shall submit a draft of any such Tax Returns to Shareholders for review and comment prior to the due date of such Tax Returns, and Purchaser shall make any reasonable changes proposed by Shareholders. Shareholders
shall pay to Purchaser within fifteen (15) days before the date on which Taxes are paid with respect to such Straddle Periods an amount equal to the portion of such Taxes which relates to the portion of such Straddle Period ending on the
Closing Date to the extent such Taxes were not reflected as a Liability on the Balance Sheets. For purposes of this Section 14.1, in the case of any Taxes that are imposed on a periodic basis and are payable for a Straddle Period, the portion
of such Tax that relates to the portion of such taxable period ending on the Closing Date shall (i) in the case of

  

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Taxes (other than Taxes based upon or related to income or receipts), be deemed to be the amount of such Tax for the entire taxable period multiplied by a fraction, the numerator of which is the
number of days in the taxable period ending on the Closing Date and the denominator of which is the number of days in the entire taxable period; and (ii) in the case of any Tax based upon or related to income or receipts, be deemed equal to the
amount which would be payable if the relevant taxable period ended on the Closing Date. Any Tax credits relating to a Tax period that begins before and ends after the Closing Date shall be taken into account as though the relevant Tax period ended
on the Closing Date. For the avoidance of doubt, any Taxes that are imposed on a non-periodic basis (e.g. sales taxes) and are payable for a Straddle Period, shall be attributable to the portion of such Straddle Period in which the transaction
giving rise to such Taxes occurs. 
 14.2 Tax Indemnification. 
 (a) The Shareholders jointly and severally agree to indemnify and hold forever harmless each Purchaser Group Member from and
against, and to promptly pay to such Purchaser Group Member or reimburse such Purchaser Group Member for, any and all Damages sustained or incurred by such Purchaser Group Member in connection with, caused by or arising from (i) any Tax of any
Company with respect to any taxable period (or portion thereof, determined in a manner consistent with Section 14.1 hereof) ending on or before the Closing Date (except to the extent such Tax was reflected as a Liability on the Balance Sheets);
(ii) Taxes for which any Company is liable pursuant to Treasury Regulation Section 1.1502-6 or any similar provision of state, local or foreign Law by virtue of having been a member of any affiliated, consolidated, combined, or unitary
group prior to the Closing Date or as a result of any Tax sharing or similar agreement; (iii) Taxes of any Person (other than each Company) imposed on any Company as a transferee or successor, or by Contract, which Taxes relate to an event or
transaction occurring before the Closing; (iv) Transfer Taxes for which Shareholders are responsible pursuant to Section 14.6; (v) any breach of representations or warranties set forth in Section 3.13 hereof; and (vi) any
breach of Shareholders’ covenants contained in this Article 14. Shareholders’ indemnification obligations under this Section 14.2 are referred to herein as the “Tax Indemnity” and each claim for Damages described in
this Section 14.2 is referred to herein as a “Tax Claim” and collectively as the “Tax Claims”. 
 (b) For purposes of this Section 14.2 and the calculation of any indemnity payable or amount recoverable under this Agreement, any interest, penalties or additions to Tax accruing before or after the
Closing Date with respect to a Liability for Taxes for which Purchaser is entitled to recover from Shareholders shall be deemed to be attributable to a Tax period with respect to which Shareholders are required to indemnify Purchaser. 
 14.3 Tax Contests. 
 Purchaser shall promptly notify the Shareholders in writing of the commencement of any audit, examination or proceeding (“Tax Contest”) relating in whole or in part to Taxes for which
Purchaser may be entitled to indemnity from Shareholders hereunder. With respect to any Tax Contest which relates to a Pre-Closing Period of any Company,

  

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the Shareholders shall be entitled to direct and control, in good faith, all proceedings taken in connection with such Tax Contest with counsel reasonably satisfactory to Purchaser;
provided, however, that the Shareholders shall notify Purchaser in writing of their intention to direct and control such Tax Contest within twenty (20) Business Days after the Shareholders’ receipt of Purchaser’s written
notice of such Tax Contest. The Shareholders may not settle or compromise any such Tax Contest that may have an adverse effect on Taxes of any Company for any Tax period beginning after the Closing Date, without the prior written consent of
Purchaser, which consent shall not be unreasonably withheld. Notwithstanding the foregoing, if written notice is given to the Shareholders of the commencement of any Tax Contest for a Pre-Closing Period and the Shareholders do not, within twenty
(20) Business Days after the Purchaser’s written notice is given, give written notice to the Purchaser of their election to assume the defense thereof, Purchaser shall direct and control, in good faith, such Tax Contest. In the case of a
Tax Contest relating to Taxes of any Company for any Straddle Period, Purchaser shall control all proceedings taken in connection with any such Tax Contest. The Shareholders shall have the right to participate (at the Shareholders’ own expense)
in any Tax Contest with respect to any Pre-Closing Period which is directed and controlled by Purchaser and any Tax Contest relating to any Straddle Period. The Shareholders’ right to participate shall include, but shall not be limited to, the
right to receive copies of all correspondence from any Taxing Authority relating to such Tax Contest, attend meetings and review and comment on submissions relating to any Tax Contest, and Purchaser shall consider in good faith any comments provided
by the Shareholders. Purchaser may not settle or compromise any Tax Contest that would result in an indemnification obligation of the Shareholders for Taxes under this Agreement without the prior written consent of the Shareholders; provided,
however, that consent to settlement or compromise shall not be unreasonably withheld. The failure of the Purchaser to give reasonably prompt notice of any Tax Contest shall not release, waive or otherwise affect the Shareholders’
obligations with respect thereto except to the extent that the Shareholders can demonstrate actual loss and prejudice as a result of such failure. Purchaser and each Company shall use their reasonable efforts to provide the Shareholders with such
assistance as may be reasonably requested by the Shareholders in connection with a Tax Contest controlled solely by the Shareholders. 
 14.4 Coordination with Article 12. 
 The amount of the Tax Indemnity to which the Purchaser
shall be entitled under this Article 14 and payment thereof shall be determined in the same manner to which an indemnification amount is determined under Article 12. Within ten (10) days after such amount has been determined in accordance with
Article 12, the Indemnitor shall pay to the Indemnitee the recovery or indemnification amount. The rights and obligations of the parties with respect to indemnification for any and all matters relating to Taxes shall be governed by this Article 14.
In case of any inconsistency between Article 12, on the one hand, and Article 14, on the other hand, the provisions of this Article 14 shall control over such other provision with respect to Tax matters. The obligation of the Indemnitor to the
Indemnitee for any Tax Claim shall survive until ninety (90) days after the expiration of the applicable statute of limitations for such Tax Claim (including periods of extension, whether automatic or permissive). For the avoidance of doubt,

  

 64 

 
indemnification claims under Section 14.2 are subject to the Tax Threshold Amount as set forth in Section 12.7, but shall not be subject to the Threshold Amount, Maximum Amount or de
minimis Amount. 
 14.5 Access and Assistance. 
 Each of the Shareholders and Purchaser shall cooperate fully, as and to the extent reasonably requested by any other Party,
in connection with the filing of Tax Returns pursuant to this Article 14 and any Tax Contest with respect to Taxes of any Company or any Subsidiary. Such cooperation shall include the retention and (upon the other Party’s request) the provision
of records and information that are reasonably relevant to the preparation of any such Tax Return or to any such Tax Contest. Each of the Shareholders shall (a) retain all Books and Records in its possession with respect to Tax matters
pertinent to each Company relating to any taxable period beginning before the Closing Date until the expiration of the applicable statute of limitations (and, to the extent notified by Purchaser, any extension thereof) of the applicable taxable
periods, and abide by all record retention agreements entered into with any Taxing Authority, and (b) give to Purchaser and each Company reasonable written notice before transferring, destroying or discarding any such Books and Records and, if
Purchaser or any Company so requests, the Shareholders shall allow Purchaser or any such Company to take possession of such Books and Records. 
 14.6 Transfer Taxes. 
 All transfer, documentary, sales,
use, stamp, registration, and other such Taxes and fees (including any penalties and interest) incurred in connection with the consummation of the transactions contemplated by this Agreement (the “Transfer Taxes”) shall be paid when
due by the Shareholders, and the Shareholders will, at their own expense, file all necessary Tax Returns and other documentation with respect to all Transfer Taxes, and, if required, Purchaser will, and will cause its Related Persons to, join in the
execution of any such Tax Returns and other documentation; provided that any such Transfer Taxes resulting from the Section 338(h)(10) Election shall be the Shareholders’ responsibility. 
 14.7 Post-Signing Tax Actions. 
 From the date of this Agreement to the Closing Date, none of the Companies shall, without the written consent of Purchaser (which consent shall not be unreasonably withheld), make any Tax election, settle
or compromise any Tax liability, change any annual Tax accounting period, change any method of Tax accounting, file an amended Tax Return, enter into any closing agreement relating to any Tax, surrender any right to claim a Tax refund, consent to
any extension or waiver of the limitations period applicable to any Tax claim or assessment, or fail to pay its Taxes and file Tax Returns when due and payable. 
  

 65 

 14.8 338(h)(10) Elections. 
 The Purchaser and the Shareholders shall join in making an election under Section 338(h)(10) of the Code (and any
comparable election under state or local law) with respect to Purchaser’s purchase of the stock (solely for Tax purposes) of Dolex Dollar (the “Section 338(h)(10) Subsidiary”) hereunder (collectively the
“Section 338(h)(10) Election”). Purchaser agrees not to make an election under Section 338(g) of the Code with respect to any of the Companies. Purchaser and Shareholders will cooperate fully with each other in the making
of the Section 338(h)(10) Election including the filing of IRS Forms 8023 and 8883 (and any related forms under state and local Tax law). Other than the Section 338(h)(10) Election, neither Purchaser nor any of its Related Persons shall
make an election under Section 338 of the Code (or any comparable election under state or local law) with respect to the purchase of the Companies without the prior written consent of the Shareholders. The portion of the Purchase Price with
respect to the Section 338(h)(10) Subsidiary and other relevant items shall be allocated among the assets of the Section 338(h)(10) Subsidiary in accordance with their fair market values as reasonably determined by Purchaser and the
Shareholders in accordance with Sections 338 and 1060 of the Code and the Treasury Regulations thereunder and consistent with the allocation set forth on the Allocation Statement described in Section 1.5 hereof (the
“Section 338(h)(10) Allocation”). Purchaser shall initially determine the Section 338(h)(10) Allocation and prepare one or more schedules based on the Allocation Statement (the “Section 338(h)(10) Allocation
Schedule”). The Shareholders shall use commercially reasonable efforts to provide Purchaser, not later than thirty (30) calendar days after the Closing Date, such documents, forms and other information (including separate financial
statements prepared in accordance with GAAP for each Company as of the Closing Date) as are sufficient to prepare the Section 338(h)(10) Allocation, including such information as Purchaser may reasonably request. Purchaser shall use
commercially reasonable efforts to deliver the Section 338(h)(10) Allocation Schedule to the Shareholders for their review and comment within the one hundred eighty (180) calendar days after the Closing Date. To the extent that the
Purchase Price is adjusted after the Closing Date, Purchaser and the Shareholders agree to revise and amend the Section 338(h)(10) Allocation Schedule, if necessary, and IRS Forms 8883. The Section 338(h)(10) Allocation derived pursuant to
this Section 14.8 shall be binding on the Shareholders, each Company and Purchaser for all Tax reporting purposes, and the parties shall report the Purchaser’s purchase of the stock (solely for Tax purposes) of the Section 338(h)(10)
Subsidiary in a manner consistent with the Section 338(h)(10) Allocation and shall not take a position in any Tax Return that is inconsistent with such Section 338(h)(10) Allocation, unless required to do so by applicable Tax law or
pursuant to a “determination” as defined in Section 1313(a) of the Code (or any similar state or local Tax law). 
 14.9 Tax Sharing Agreements. 
 All Tax sharing agreements or similar agreements with respect to
or involving any Company shall be terminated as of the Closing Date. After the Closing Date, each Company shall not be bound thereby or have any liability thereunder. 
  

 66 

 14.10 Tax Refunds and Tax Benefits. 
 Unless included as a positive adjustment in the calculation of the Purchase Price or arising from a net operating loss
carryback from a post-closing Tax period, any Tax refund, credit or similar benefit (including any interest paid or credited with respect thereto) relating to any Company for any taxable period or portion thereof ending on or before the Closing Date
shall be the property of GPN, and, if received by Purchaser, or any Company, shall be paid over promptly to GPN. Any amount otherwise payable by the Shareholders with respect to Taxes under this Article 14 shall be reduced by any Tax benefit
actually realized in the year such amount is payable to Purchaser, its Related Persons or the Companies (a “Post-Closing Date Tax Benefit”) that arose in connection with any underlying adjustment. 
 ARTICLE 15 
 GENERAL PROVISIONS 
 15.1 Definitions. 
 (a) The terms set forth below shall have the meanings ascribed thereto in the referenced sections: 
  

					
	 (i)
	 	 Accounting Firm
	  	 Section 1.3(c)

			
	 (ii)
	 	 Affiliate Agreements
	  	 Section 3.19

			
	 (iii)
	 	 Agreement
	  	 Preamble

			
	 (iv)
	 	 Allocation Statement
	  	 Section 1.5

			
	 (v)
	 	 American Agreement
	  	 Section 7.17

			
	 (vi)
	 	 Applicable Policies
	  	 Section 3.17(b)

			
	 (vii)
	 	 Burdensome Condition
	  	 Section 6.1

			
	 (viii)
	 	 Closing
	  	 Section 2.1

			
	 (ix)
	 	 Closing Date
	  	 Section 2.1

			
	 (x)
	 	 COBRA
	  	 Section 3.12(h)

			
	 (xi)
	 	 Combination Transaction
	  	 Section 9.4(a)

			
	 (xii)
	 	 Combining Person
	  	 Section 9.4(a)

			
	 (xiii)
	 	 Company(ies)
	  	 Background

			
	 (xiv)
	 	 Company Licensed Software
	  	 Section 3.7(c)

			
	 (xv)
	 	 Company Owned Software
	  	 Section 3.7(e)

			
	 (xvi)
	 	 Continuing Employees
	  	 Section 9.1(a)

			
	 (xvii)
	 	 Correspondent Permits
	  	 Section 3.14(c)

			
	 (xviii)
	 	 Current Telecommunications Agreement
	  	 Section 5.9

  

 67 

					
	 (xix)
	 	 de minimis Amount
	  	 Section 12.7(a)

			
	 (xx)
	 	 DOJ
	  	 Section 6.1

			
	 (xxi)
	 	 Dolex Dollar
	  	 Background

			
	 (xxii)
	 	 Dolex Envíos
	  	 Background

			
	 (xxiii)
	 	 Dolex Europe
	  	 Preamble

			
	 (xxiv)
	 	 Dolex Guatemala
	  	 Background

			
	 (xxv)
	 	 Effective Time
	  	 Section 2.1

			
	 (xxvi)
	 	 ERISA Affiliate
	  	 Section 3.12(a)

			
	 (xxvii)
	 	 Europhil
	  	 Background

			
	 (xxviii)
	 	 Europhil 2009 Audited Financial Statements
	  	 Section 7.22

			
	 (xxix)
	 	 Europhil 2009 Unaudited Financial Statements
	  	 Section 3.4(a)

			
	 (xxx)
	 	 Financial Statements
	  	 Section 3.4(a)

			
	 (xxxi)
	 	 FMLA
	  	 Section 3.12(k)

			
	 (xxxii)
	 	 Foreign Plan
	  	 Section 3.12(j)

			
	 (xxxiii)
	 	 FRCP
	  	 Section 15.2(c)

			
	 (xxxiv)
	 	 FTC
	  	 Section 6.1

			
	 (xxxv)
	 	 GP Finance
	  	 Preamble

			
	 (xxxvi)
	 	 GPN
	  	 Preamble

			
	 (xxxvii)
	 	 HSBC Agreement
	  	 Section 7.16

			
	 (xxxviii)
	 	 Interim Financial Statements
	  	 Section 3.4

			
	 (xxxix)
	 	 IT Assets
	  	 Section 3.7(g)

			
	 (xl)
	 	 LAMS
	  	 Preamble

			
	 (xli)
	 	 Lease
	  	 Section 3.5(b)(i)

			
	 (xlii)
	 	 Leased Real Property
	  	 Section 3.5(b)

			
	 (xliii)
	 	 License Agreement
	  	 Section 3.7(c)

			
	 (xliv)
	 	 Licensed Intellectual Property Rights
	  	 Section 3.7(c)

			
	 (xlv)
	 	 Material Contracts
	  	 Section 3.6(a)

			
	 (xlvi)
	 	 Material Permits
	  	 Section 3.14(a)

			
	 (xlvii)
	 	 Maximum Amount
	  	 Section 12.7(a)

			
	 (xlviii)
	 	 Monthly Reporting Package
	  	 Section 5.6

  

 68 

					
	 (xlix)
	 	 Negotiation Period
	  	 Section 12.3(c)

			
	 (l)
	 	 New Telecommunications Agreement
	  	 Section 5.9

			
	 (li)
	 	 Notice of Objection
	  	 Section 1.3(c)

			
	 (lii)
	 	 Notice Period
	  	 Section 12.4(a)

			
	 (liii)
	 	 PBGC
	  	 Section 3.12(b)

			
	 (liv)
	 	 Personal Property Lease
	  	 Section 3.5(c)

			
	 (lv)
	 	 Post-Closing Date Tax Benefit
	  	 Section 14.10

			
	 (lvi)
	 	 Pre-Closing Financial Statements
	  	 Section 5.6

			
	 (lvii)
	 	 Pre-Closing Monthly Reporting Package
	  	 Section 5.6

			
	 (lviii)
	 	 Pre-Closing Period
	  	 Section 14.1(b)

			
	 (lix)
	 	 Privacy Laws
	  	 Section 3.22

			
	 (lx)
	 	 Purchase Price
	  	 Section 1.2

			
	 (lxi)
	 	 Purchaser
	  	 Preamble

			
	 (lxii)
	 	 Purchaser Closing Statement
	  	 Section 1.3(b)

			
	 (lxiii)
	 	 Restrictive Period
	  	 Section 9.4(a)

			
	 (lxiv)
	 	 Section 338(h)(10) Allocation
	  	 Section 14.8

			
	 (lxv)
	 	 Section 338(h)(10) Allocation Schedule
	  	 Section 14.8

			
	 (lxvi)
	 	 Section 338(h)(10) Election
	  	 Section 14.8

			
	 (lxvii)
	 	 Section 338(h)(10) Subsidiary
	  	 Section 14.8

			
	 (lxviii)
	 	 Seller(s)
	  	 Preamble

			
	 (lxix)
	 	 Seller Guaranties
	  	 Section 3.25

			
	 (lxx)
	 	 Shareholder(s)
	  	 Preamble

			
	 (lxxi)
	 	 Shareholders’ Representative
	  	 Section 13.1(a)

			
	 (lxxii)
	 	 Shares
	  	 Background

			
	 (lxxiii)
	 	 Software
	  	 Section 3.7(e)

			
	 (lxxiv)
	 	 Special Representations
	  	 Section 12.6

			
	 (lxxv)
	 	 Surety Bonds
	  	 Section 7.19

			
	 (lxxvi)
	 	 Tax Claim(s)
	  	 Section 14.2(a)

			
	 (lxxvii)
	 	 Tax Contest
	  	 Section 14.3

			
	 (lxxviii)
	 	 Tax Indemnity
	  	 Section 14.2(a)

			
	 (lxxix)
	 	 Tax Threshold Amount
	  	 Section 12.7(a)

			
	 (lxxx)
	 	 Threshold Amount
	  	 Section 12.7(a)

  

 69 

					
	 (lxxxi)
	 	 Transfer Taxes
	  	 Section 14.6

			
	 (lxxxii)
	 	 Transition Services Agreement
	  	 Section 5.5

			
	 (lxxxiii)
	 	 U.S. Company Benefit Plan(s)
	  	 Section 3.12(a)

			
	 (lxxxiv)
	 	 WARN Act
	  	 Section 3.11(c)

 (b) Except as otherwise provided herein, the capitalized terms set
forth below shall have the following meanings: 
 (i) “Acceptable Audit Opinion” means, with
respect to the Europhil 2009 Audited Financial Statements, either (A) an unqualified opinion of Europhil’s outside accountants as to the Europhil 2009 Audited Financial Statements, or (B) a qualified opinion of such outside
accountants as to the Europhil 2009 Audited Financial Statements, so long as the qualifications in such opinion singly or together shall not result in or reflect a Material Adverse Change as to Europhil. 
 (ii) “Accounts Receivable” means all accounts receivable, notes receivable and other monies due for sales
and deliveries of goods or performance of services by a Company arising out of the conduct of such Company’s business. 
 (iii) “Acquisition Proposal” means any proposals or offers from any Person other than Purchaser relating to any acquisition of all or any of the Shares, or all or any substantial part of
the assets of any Company, or any merger or consolidation of any Company. 
 (iv) “Agent” means
any Person, other than an Employee, which any Company retains to interact with its customers at the point of sale in order to provide money transmission services on behalf of such Company. 
 (v) “Antitrust Laws” means the HSR Act, the Sherman Act, as amended, the Clayton Act, as amended, the
Federal Trade Commission Act, as amended, and any other federal, state or foreign Law or Order designed to prohibit, restrict or regulate actions in order to promote or enhance competition and/or prevent monopolization or restraint of trade.

 (vi) “Balance Sheet(s)” means the audited balance sheet in the Financial Statements dated as
of May 31, 2009 and the unaudited balance sheet in the Europhil 2009 Unaudited Financial Statements. 
 (vii) “Balance Sheet Date” means May 31, 2009. 
 (viii) “Books and
Records” means all existing data, databases, books, records, correspondence, business plans and projections, records of sales, customer and vendor lists, files, papers, and, to the extent permitted under applicable Law, copies of historical
personnel, payroll and medical records of each of the Employees in the possession of any Company, including employment applications, employment agreements, confidentiality and non-compete agreements, corrective action

  

 70 

 
reports, disciplinary reports, notices of transfer, notices of rate changes, other similar documents, and any summaries of such documents regularly prepared by any Company; all reported medical
claims made for each Employee; and all manuals and printed instructions of any Company. 
 (ix)
“Business Day” means any day on which national banks are open for business in the city of Atlanta, Georgia, New York, New York and Madrid, Spain. 
 (x) “Caribbean” means Puerto Rico and all of the island nations located in the Caribbean, including without limitation Cuba, Haiti, the Dominican Republic and
Jamaica. 
 (xi) “Code” means the Internal Revenue Code of 1986, as amended. 
 (xii) “Company Indebtedness” means the aggregate of (A) all funded indebtedness of the Companies for
borrowed money (expressly excluding trade payables and accrued expenses constituting current liabilities), (B) all obligations of the Companies for the deferred purchase price of property or assets, (C) all obligations of the Companies
evidenced by notes (including promissory notes issued in consideration for the purchase of stock or assets of any business), bonds, debentures or other similar instruments, and (D) all capital leases, which, in the case of clauses
(A) through (D) above, shall include all accrued interest thereon and applicable prepayment premiums and any other fees, costs or expenses payable in connection therewith, all of which Company Indebtedness is described in Schedule
3.16(a) hereto. 
 (xiii) “Company Intellectual Property Rights” means all Intellectual
Property Rights owned by the Companies and their respective Subsidiaries. 
 (xiv) “Company
Stores” means the branch locations through which any Company offers money transmission services. 
 (xv) “Company Value” means as of any date: 
 (A) if the TTM EBITDA, as
of such date, shall be Eighteen Million Five Hundred Thousand Dollars ($18,500,000) or higher, One Hundred Ten Million Seven Hundred Thousand Dollars ($110,700,000); 
 (B) if the TTM EBITDA, as of such date, is below Eighteen Million Five Hundred Thousand Dollars ($18,500,000)
but greater than Seventeen Million Five Hundred Thousand Dollars ($17,500,000), such TTM EBITDA multiplied by 5.75; and 
 (C) if the TTM EBITDA, as of such date, is at or below Seventeen Million Five Hundred Thousand Dollars ($17,500,000), such TTM EBITDA multiplied by 5.5; provided, however, in no event
shall Company Value be less than Eighty-Five Million Dollars ($85,000,000). 
  

 71 

 (xvi) “Competing Business” means the business of the
transmission of money or funds from consumer to consumer as provided by Dolex Dollar and Europhil as of the date hereof, but shall not include the transmission of money or funds between businesses, the provision of payment processing or check
services, or any other services currently performed by the Shareholders (other than Dolex Dollar) or any Related Persons of the Shareholders (other than the Companies). 
 (xvii) “Consent” means any consent, approval, authorization, clearance, exception, waiver or similar affirmation. 
 (xviii) “Contract” means any contract, agreement, indenture, note, bond, loan, instrument, lease,
commitment or other arrangement or agreement, including without limitation any License Agreement, whether written or oral. 
 (xix) “Corporate Charges” means expenses incurred by GPN or a Related Person of GPN (other than a Company) on behalf of a Company for administrative services, including without limitation
accounts payable, treasury, legal, corporate development, human resources, and insurance, that are not charged as expenses to such Company by GPN or such Related Person of GPN. 
 (xx) “Correspondent” means a bank or other Person or financial institution to which any Company transmits money for delivery by such bank, Person or financial
institution or its agents to the intended recipient of such money. 
 (xxi) “Damages” means all
costs, damages, disbursements or expenses (including, but not limited to interest and reasonable legal, accounting and other professional fees and expenses incurred in the investigation, collection, prosecution and defense of claims and amounts paid
in settlement) that are actually imposed or otherwise actually incurred or suffered by the indemnified person in connection with a matter that is the subject of an Indemnification Claim. 
 (xxii) “Default” means (A) any breach or violation of, default under, contravention of, or conflict
with, any Material Contract, Law, Order, or Permit, (B) any occurrence of any event that with the passage of time or the giving of notice or both would constitute a breach or violation of, default under, contravention of, or conflict with, any
Material Contract, Law, Order, or Permit, or (C) any occurrence of any event that with or without the passage of time or the giving of notice or both would give rise to a right of any Person to exercise any remedy or obtain any relief under,
terminate or revoke, suspend, cancel, or modify or change the current terms of, or renegotiate, or to accelerate the maturity or performance of, or to increase or impose any Liability under, any Material Contract, Law, Order, or Permit. 

(xxiii) “Dolex Envíos Standard Employment Letter(s)” means employment letters between Dolex
Envíos and each of its employees (other than those indicated on Schedule 15.1(b)) in the form of the employment agreement included in Schedule 15.1(b), except for non-substantive changes to the terms and provisions of such

  

 72 

 
form that do not have the effect of increasing Dolex Envíos’ obligations beyond those provided for in such form. 
 (xxiv) “EBITDA” means as to any period the aggregate operating revenue (excluding interest income) of the
Companies, minus all expenses, except for income Taxes, interest expenses, depreciation and amortization, all for such period, determined on a combined basis in accordance with GAAP, less $50,000 for Corporate Charges. The Parties acknowledge that
EBITDA shall not reflect the cost of any Corporate Charges beyond those Corporate Charges included up to $50,000 as set forth herein. 
 (xxv) “Employee Benefit Plan” means each pension, retirement, profit-sharing, deferred compensation, stock option, employee stock ownership, share purchase, severance pay, vacation,
bonus, retention, change in control or other incentive plan, medical, vision, dental or other health plan, any life insurance plan, flexible spending account, cafeteria plan, vacation, holiday, disability or any other employee benefit plan or fringe
benefit plan, including any “employee benefit plan,” as that term is defined in Section 3(3) of ERISA and any other plan, fund, policy, program, practice, custom understanding or arrangement providing compensation or other benefits to
any Employees, whether or not such Employee Benefit Plan is or is intended to be (A) covered or qualified under the Code, ERISA or any other applicable Law, (B) written or oral, (C) funded or unfunded, (D) actual or contingent or
(E) arrived at through collective bargaining or otherwise. 
 (xxvi) “Employees”
means all employees of any Company or any Subsidiary of any Company. 
 (xxvii) “Environmental Law”
means any and all federal, state, local or foreign statutes, codes, Laws (including common law), ordinances, agency rules, regulations, and guidance, and reporting or licensing requirements relating to pollution or protection of human health or
the environment (including ambient air, surface water, ground water, land surface, or subsurface strata), or emissions, discharges, releases, or threatened releases of, or the manufacture, processing, distribution, use, treatment, storage, disposal,
transport, or handling of, any Hazardous Material. 
 (xxviii) “ERISA” means the Employee
Retirement Income Security Act of 1974, as amended. 
 (xxix) “Escheatment Laws” means Laws
relating to unclaimed property that require such property to be held and escheated or transferred to a Governmental Body after a specified period of time or on a specified date. 
 (xxx) “Escheatment Liabilities” means the liabilities (A) under Escheatment Law to escheat or transfer
to a Governmental Body or (B) to pay to any Person, any unclaimed property that arise from or relate to money transmission or remittance transactions initiated or commenced or the conduct of the Companies’ businesses prior to the Closing
Date. 
  

 73 

 (xxxi) “Estimated Closing Statement” means the
Shareholders’ estimate of the Purchase Price as of the Closing Date using the components to determine the Purchase Price and setting forth the Shareholders’ estimates of the Minimum Weekend Cash and the Operating Working Capital as of the
most recent date preceding the Closing Date on which the Operating Working Capital can be calculated, as set forth in Sections 1.2 and 1.3(a) hereof, estimated in good faith by the Shareholders. 
 (xxxii) “Estimated Purchase Price” shall mean the Purchase Price as estimated in good faith by the
Shareholders as set forth on the Estimated Closing Statement. 
 (xxxiii) “Europhil Standard Employment
Letter(s)” means employment letters between Europhil and each of its employees (other than those indicated on Schedule 15.1(b)) in the form of the employment agreement included in Schedule 15.1(b), except for non-substantive
changes to the terms and provisions of such form that do not have the effect of increasing Europhil’s obligations beyond those provided for in such form. 
 (xxxiv) “GAAP” means generally accepted accounting principles in the United States, applied consistently with prior periods and with a Company’s historical
practices and methods. 
 (xxxv) “GAAP Liabilities” means, as of any date, Liabilities of the
Company as of such date that extend more than twelve (12) months from such date which would be required to be accrued on such Company’s balance sheet in accordance with GAAP. 
 (xxxvi) “Governmental Body” means any government or governmental or regulatory body thereof, or political
subdivision thereof, whether federal, state, local or foreign, or any agency, instrumentality or authority thereof, or any court or arbitrator (public or private). 
 (xxxvii) “GPN Plans” means Contracts and plans providing for stock options or stock purchases, stock appreciation rights, pensions, severance payments under which no
Company has any obligations. 
 (xxxviii) “Hazardous Materials” means (A) any hazardous
substance, hazardous material, hazardous waste, regulated substance, or toxic substance (as those terms are defined by any applicable Environmental Laws) and (B) any chemicals, pollutants, contaminants, petroleum, petroleum products, or oil,
asbestos-containing materials and any polychlorinated biphenyls. 
 (xxxix) “HSR Act” means
Section 7A of the Clayton Act, as added by Title II of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the rules and regulations promulgated thereunder. 
 (xl) “Improvements” means all buildings, structures, fixtures and other improvements included in the Owned
Real Property or the Leased Real Property. 
  

 74 

 (xli) “Indemnification Claim” means a claim for
indemnification under Article 12. 
 (xlii) “Indemnitee” means the Party seeking
indemnification hereunder. 
 (xliii) “Indemnitor” means the Party against whom indemnification
is sought hereunder. 
 (xliv) “Intellectual Property Rights” means all U.S. and foreign
(A) patents, including continuations, divisionals, continuations-in-part, or reissues of patent applications and patents issuing thereon, including, without limitation, any reexamined patents and any extensions of any patents,
(B) inventions (whether or not patentable), (C) trademarks, service marks, trade names, service names, brand names, trade dress rights, and logos (in each case regardless whether registered) and goodwill associated with any of the
foregoing, (D) Internet domain name registrations, (E) copyrights (regardless whether registered), (F) all trade secrets and confidential business information (including, without limitation, ideas, concepts, formulae, know-how,
research and development information, drawings, specifications, designs, plans, proposals, technical data, financial, business and marketing plans, and customer and supplier lists and related information), (G) registrations and applications for
registration for the foregoing, and (H) all other intellectual property rights. 
 (xlv) “IRS”
means the Internal Revenue Service of the United States of America. 
 (xlvi) “Knowledge”
and the phrases “to the Knowledge of Shareholders,” “to the Knowledge of Sellers”, “ no Shareholder has received notice,” “no Seller has received notice”, “to Shareholders’ Knowledge,” “to
Sellers’ Knowledge”, “no Shareholder is aware”, “no Seller is aware” and any other similar phrases as used with respect to a Person (including references to such Person being aware of a particular matter) means the
Knowledge after due inquiry of the senior management of each Shareholder and each Company. 
 (xlvii)
“Latin America” means Mexico and, from time to time all of the countries then located in the geographic region of Central America. 
 (xlviii) “Law” means any code, directive, law (including common law), ordinance, regulation, reporting or licensing requirement, rule, or statute applicable to a Person or its assets,
Liabilities, or business, including those promulgated, interpreted or enforced by any Governmental Body. 
 (xlix) “Liability” means any direct or indirect, primary or secondary, liability, indebtedness, obligation, penalty, cost or expense (including costs of investigation, collection and defense), claim, deficiency, guaranty or
endorsement of or by any Person (other than endorsements of notes, bills, checks, and drafts presented for collection or deposit in the Ordinary Course of Business) of any type, secured or

  

 75 

 
unsecured whether accrued, absolute or contingent, direct or indirect, liquidated or unliquidated, matured or unmatured, known or unknown or otherwise. 
 (l) “License” means any license, franchise, notice, permit, easement, right, certificate, authorization,
approval or filing to which any Person is a party or that is or may be binding on any Person or its securities, property or business. 
 (li) “Lien” means any conditional sale agreement, option, first refusal, pre-emptive right, co-sale, tag-along, drag-along or similar right, covenant, condition, default of title,
easement, encroachment, encumbrance, hypothecation, infringement, lien, mortgage, pledge, reservation, assessment or restriction, right of way, security interest, title retention or other security arrangement, or any adverse right or interest,
charge, or claim of any nature whatsoever of, on, or with respect to any property or property interest. 
 (lii)
“Litigation” means any suit, action, administrative or other audit, examination or investigation (other than regular audits of financial statements by outside auditors), proceeding, arbitration, cause of action, charge, claim,
complaint, compliance review, criminal prosecution, grievance inquiry, hearing, inspection, investigation (governmental or otherwise). 
 (liii) “Material” or “material” for purposes of this Agreement shall be determined in light of the facts and circumstances of the matter in question; provided that
any specific monetary amount stated in this Agreement shall determine materiality in that instance. 
 (liv)
“Material Adverse Effect” or “Material Adverse Change” when used in connection with a Party, any Company or, solely for purposes of the definition of Acceptable Audit Opinion, Europhil, as the case may be, means any
change, event, violation, inaccuracy or circumstance the effect of which is both material and adverse to (A)the property, business, operations, assets (tangible and intangible) or financial condition of such Party or of the Companies (taken as a
whole) or Europhil (solely in connection with an Acceptable Audit Opinion), as applicable, or (B) the ability of such Party, such Company or Europhil (solely in connection with an Acceptable Audit Opinion), as applicable, to perform any of its
material obligations under this Agreement or the Purchase Documents to which it is a party; provided, however, none of the following shall be deemed, in and of itself, to be a Material Adverse Effect with respect to a Party, any
Company or Europhil (solely in connection with an Acceptable Audit Opinion) (v) a change that primarily results from economic or political conditions or events affecting the United States economy or world economy, (w) a change that results
from the effect of change of control provisions in Contracts between any Company and its principal customers and suppliers, (x) a change that results from the announcement or pendency of this Agreement and the transactions contemplated hereby,
(y) a change that results directly from action taken by such Party, Company or Europhil (solely in connection with an Acceptable Audit Opinion) in connection with fulfilling its obligations hereunder, or (z) a failure for any Company or
Europhil (solely in connection

  

 76 

 
with an Acceptable Audit Opinion) to meet or exceed any financial projection provided to the Purchaser. 
 (lv) “Minimum Weekend Cash” means sixty-five percent (65%) of average weekly advances made by GPN or one of its Related Persons to or on behalf of one or more
of the Companies with respect to weekend funding requirements of the Companies during the period from Friday through Monday of each week occurring in the twelve (12) month period ending as of the end of the month preceding the Closing Date,
excluding, for purposes of such average, Peak Weekends, determined on a basis consistent with the sample calculation set forth on Exhibit C attached hereto and assuming that GPN will continue to fund the business on weekends on the same basis as
Exhibit C and consistent with past practices. 
 (lvi) “Money Transmitter Laws” shall mean any
Law relating to the regulation of the business of the transmission of money or funds and the sale or issuance of payment instruments. 
 (lvii) “Money Transmitter Licenses” shall mean any Licenses issued, granted, given, or otherwise made available by or under or pursuant to any Money Transmitter Law. 
 (lviii) “Operating Working Capital” means Working Capital of the Companies on a combined basis as of the
Closing Date. 
 (lix) “Order” means any decree, injunction, judgment, order, ruling, writ,
quasi-judicial decision or award or administrative decision or award of any federal, state, local, foreign or other court, arbitrator, mediator, tribunal, administrative agency or Governmental Body to which any Person is a party or that is or may be
binding on any Person or its securities, assets or business. 
 (lx) “Ordinary Course of Business”
means the following: an action taken by a Person will be deemed to have been taken in the Ordinary Course of Business only if that action: (A) is consistent in nature, scope and magnitude with the past practices of such Person and is taken
in the ordinary course of the normal, day-to-day operations of such Person; (B) does not require authorization by the board of directors or shareholders of such Person (or by any Person or group of Persons exercising similar authority) and does
not require any other separate or special authorization of any nature; and (C) is similar in nature, scope and magnitude to actions customarily taken, without any separate or special authorization, in the ordinary course of the normal,
day-to-day operations of other Persons that are in the same line of business as such Person. 
 (lxi)
“Organizational Documents” means, with respect to any corporation, limited liability company, partnership, limited partnership, sociedad de responsabilidad limitada, sociedad anonima, sociedad anonima de capital
variable or similar entity, its certificate of incorporation, certificate of formation, bylaws, operating agreement, partnership agreement, public deed or other organizational documents as may be required or permitted by the Laws of such
entity’s jurisdiction of formation. 
  

 77 

 (lxii) “Owned Real Property” means all real property that
is owned by any Company, and all of such Company’s right, title, and interest in the Improvements located thereon, together with all water lines, rights of way, uses, Licenses, hereditaments, tenements, and appurtenances belonging or
appertaining thereto and any and all assignable warranties of Third Parties with respect thereto. 
 (lxiii)
“Party” means any party hereto and “Parties” means all parties hereto. 
 (lxiv)
“Peak Weekends” means in any year Mother’s Day and Father’s Day in Mexico, Presidents’ Day and Memorial Day in the U.S. and Christmas Day to the extent any such days fall on a Friday, Saturday, Sunday or Monday.

 (lxv) “Permit” means any Governmental Body approval, authorization, certificate, easement,
filing, franchise, license, notice, permit, or right to which any Person is a party or that is or may be binding upon or inure to the benefit of any Person or its securities, assets, or business. 
 (lxvi) “Permitted Encumbrances” means (A) Liens for Taxes not yet due and payable (other than Taxes
arising out of the transactions contemplated by this Agreement); (B) such Liens, if any, that, in the aggregate, do not have a Material negative impact on the value or present use of any of any Company’s assets or properties, including the
Owned Real Property or Leased Real Property; and (C) other Liens relating to the Company’s assets or properties that are not related to borrowed money and that (y) secure the liabilities of any Company and (z) have been properly
disclosed to Purchaser on an appropriate schedule to this Agreement; and (D) Liens, if any, relating to Purchaser’s financing to which any Company’s assets and properties are subject at Closing. 
 (lxvii) “Person” means a natural person or any legal, commercial or governmental entity, such as, but not
limited to, a corporation, general partnership, joint venture, limited partnership, limited liability company, limited liability partnership, trust, business association, group acting in concert, or any person acting in a representative capacity.

 (lxviii) “Pre-Closing Tax Period” means any taxable year or period (or portion thereof) that
ends on or before the Closing Date. 
 (lxix) “Purchase Documents” means this Agreement, the
Transition Services Agreement and the other documents or agreements to be executed in connection herewith. 
 (lxx) “Purchaser Group Member” means Purchaser and its Related Persons, and their respective directors, officers, employees, agents, successors and assigns. For purposes hereof each Company shall be considered Purchaser
Group Members from and after the Closing. 
  

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 (lxxi) “Purchaser Indemnitees” means Purchaser and its
Related Persons. For purposes hereof, each Company shall be considered a Purchaser Indemnitee from and after the Closing. 
 (lxxii) “Real Property Taxes” means all ad valorem Taxes imposed upon the Owned Real Property and any portion of the Leased Real Property, general assessments imposed with respect to the
Leased Real Property and special assessments upon the Leased Real Property, whether payable in full or by installments prior to the Closing Date. 
 (lxxiii) “Registered Intellectual Property” means all the following Intellectual Property Rights owned by each Company: (A) patents, including continuations, divisionals,
continuations-in-part, or reissues of patent applications and patents issuing thereon, including, without limitation, any reexamined patents and any extensions of any patents, (B) registered trademarks, service marks, trade names, service
names, brand names, trade dress rights, and logos, (C) all registrations for Internet domain names, (D) registered copyrights, and (E) all applications for registration of the foregoing. 
 (lxxiv) “Related Person” means with respect to any specified Person other than an individual: (A) any
Person that directly or indirectly controls, is directly or indirectly controlled by or is directly or indirectly under common control with such specified Person; (B) any Person that holds a Material Interest in such specified Person;
(C) each director, officer, partner, executor or trustee of such specified Person; (D) any Person in which such specified Person holds a Material Interest; and (E) any Person with respect to which such specified Person serves as a
general partner or a trustee (or in a similar capacity). For purposes of this definition, (1) “control” (including “controlling,” “controlled by,” and “under common control with”) means the
possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise, and shall be construed as such term is used in
the rules promulgated under the Securities Act; and (2) “Material Interest” means direct or indirect beneficial ownership (as defined in Rule 13d-3 under the Exchange Act) of (x) voting securities or other voting
interests representing at least fifty percent (50%) of the outstanding voting power of a Person, (y) equity securities or other equity interests representing at least fifty percent (50%) of the outstanding equity securities or equity
interests in a Person, or (z) the power to elect a majority of the board of directors, managers or similar governing body of a Person. Notwithstanding the foregoing, a Related Person of GPN shall not include HSBC Bank or any of its Related
Persons, Comerica Bank or any of its Related Persons, Equifax or any of its Related Persons, or any director, officer, partner, executor, or trustee of such Person. 
 (lxxv) “Restricted Region” means the Caribbean, Spain, Belgium, the United Kingdom, Italy, Latin America, the United States, Mexico, South America and any other
countries where any Company (or its Agents) accept funds for transmission or pays, directly or indirectly through a Correspondent, money remittances. 
  

 79 

 (lxxvi) “Rights” means all arrangements, calls,
commitments, contracts, options, rights to subscribe to, redemption, scrip, understandings, warrants, or other binding obligations of any character whatsoever relating to, or securities or rights convertible into or exchangeable for, shares of the
capital stock or other equity interests of a Person or by which a Person is or may be bound to issue additional shares of its capital stock or other equity interests or other Rights. 
 (lxxvii) “Securities Act” means the Securities Act of 1933, as amended. 
 (lxxviii) “Settlement Obligations” as of any date means the amounts due from the Companies to
Correspondents as of such date. 
 (lxxix) “Shareholder Indemnitees” means each Shareholder and
its Related Persons. 
 (lxxx) “South America” means, from time to time all of the countries
then located in the geographic region of South America. 
 (lxxxi) “Straddle Period” means any
Tax period that begins before the Closing Date and ends after the Closing Date. 
 (lxxxii)
“Subsidiary” of a Person means any business entity of which the Person either (A) owns or controls 50% or more of the outstanding equity securities, either directly or indirectly, (provided, there shall not be included
any such entity the equity securities of which are owned or controlled in a fiduciary capacity), (B) in the case of partnerships, serves as a general partner, (C) in the case of a limited liability company, serves as a managing member, or
(D) otherwise has the ability to elect a majority of the directors, trustees, managing members or others persons or body exercising management control thereof. 
 (lxxxiii) “Tax” means any federal, state, county, local, or foreign tax, charge, fee, levy, impost, duty, or other assessment, including income, gross receipts,
excise, employment, sales, use, transfer, recording, license, payroll, franchise, severance, documentary, stamp, occupation, windfall profits, environmental, federal highway use, commercial rent, customs duty, capital stock, paid-up capital,
profits, withholding, social security, single business and unemployment, disability, real property, personal property, registration, ad valorem, value added, alternative or add-on minimum, estimated, or other tax or governmental fee of any kind
whatsoever, imposed or required to be withheld by any Governmental Body, including any interest, penalties, and additions imposed thereon or with respect thereto, and including liability for the Taxes of any other person under Treas. Reg. 1.1502-6
(or any similar provision of state, local, or foreign law) as a transferee or successor, by contract, or otherwise. 
 (lxxxiv) “Taxing Authority” means the IRS and any other federal, state, local or foreign Governmental Body responsible for the administration of any Tax. 
  

 80 

 (lxxxv) “Tax Benefit” means any deduction or loss that may
be claimed for Tax purposes by an Indemnitee. 
 (lxxxvi) “Tax Return” means any return
(including any informational return) report, statement, schedule, notice, form or other document or information filed with or submitted to, or required to be filed with or submitted to any Taxing Authority in connection with the determination,
assessment, collection or payment of any Tax or in connection with the administration, implementation or enforcement of compliance with any legal requirement relating to any Tax including any attachment thereto, and including any amendment thereof.

 (lxxxvii) “Third Party” means any Person other than a Party. 
 (lxxxviii) “Third Party Claim” means any claim instituted against the Indemnitee by a Third Party.

 (lxxxix) “Treasury Regulations” means the Federal income tax regulations promulgated under
the Code, as such regulations may be amended from time to time. 
 (xc) “TTM EBITDA” means, as
of any date, EBITDA for the twelve (12) month period ending as of such date. 
 (xci) “Working
Capital” means as of any date with respect to any Company (A) cash and cash equivalents of such Company, including cash in Company Stores of such Company, cash being held by armored truck services and cash in transit, plus
(B) other current assets, less (C) to the extent included in such other current assets, any loans or advances to employees or officers, less (D) the sum of Settlement Obligation and other current liabilities of such Company, each as
of such date, determined on a consolidated or combined basis, as the case may be, in accordance with GAAP (which calculation may result in a positive or negative number), calculated consistent with Exhibit D. 
 15.2 Arbitration. 
 (a) Any dispute, controversy or claim arising out of or relating to this Agreement or any Purchase Document or the performance by the Parties of its or their terms shall be settled by binding arbitration
held in Atlanta, Georgia. The Commercial Arbitration Rules of the American Arbitration Association are hereby incorporated by reference; provided, however, that the Parties do not intend any arbitration hereunder to be administered by
the American Arbitration Association. The interpretation and enforceability of this Section 15.2 shall be governed exclusively by the Federal Arbitration Act, 9 U.S.C. § 1-16. 
 (b) The panel to be appointed shall consist of three neutral arbitrators, unless the matter in dispute is reasonably
expected to involve claims less than $1,000,000.00 in the aggregate, in which case there shall be a single arbitrator to be mutually selected by the Parties. One arbitrator shall be appointed by a Party to the dispute and one arbitrator

  

 81 

 
shall be appointed by the other Party to the dispute within thirty (30) days after the commencement of the arbitration proceeding. The third arbitrator shall be appointed by mutual agreement
of the two (2) selected arbitrators and shall be experienced in corporate contractual matters relating to transactions of the nature contemplated by this Agreement. 
 (c) The arbitrators shall allow such discovery as the arbitrators determine appropriate under the circumstances and shall resolve the dispute as expeditiously as practicable. The
Federal Rules of Civil Procedure (the “FRCP”) are hereby incorporated by reference for purposes of the discovery process; provided that the FRCP may be waived by the Parties by written agreement, or by any appointed
arbitrator. The arbitrators shall give the parties written notice of the decision, with the reasons therefor set out, and shall have thirty (30) days thereafter to reconsider and modify such decision if any Party so requests within ten
(10) days after the decision. Thereafter, the decision of the arbitrators shall be final, binding, and conclusive with respect to all Persons, including Persons who have failed or refused to participate in the arbitration process. 

(d) The arbitrators shall have authority to award relief under legal or equitable principles, including interim or
preliminary relief, and to allocate responsibility for the costs of the arbitration and to award recovery of attorneys’ fees and expenses in such manner as is determined to be appropriate by the arbitrators. 
 (e) Judgment upon the award rendered by the arbitrators may be entered in any court having in personam and subject
matter jurisdiction. 
 (f) All proceedings under this Section 15.2, and all evidence given or discovered
pursuant hereto, shall be maintained in confidence by all Parties. 
 (g) The fact that the dispute resolution
procedures specified in this Section 15.2 shall have been or may be invoked shall not excuse any Party from performing its obligations under this Agreement or any Purchase Document and during the pendency of any such procedure all Parties shall
continue to perform their respective obligations in good faith, subject to any rights to terminate this Agreement or any Purchase Document that may be available to any Party. 
 15.3 Fees and Expenses. 
 (a) Except
as otherwise specifically provided below or elsewhere in this Agreement, regardless of whether the transactions contemplated by this Agreement are consummated, Shareholders and Purchaser each shall pay their respective fees and expenses in
connection with the transactions contemplated by this Agreement. Notwithstanding anything in this Agreement to the contrary if, after the Closing Date, any Company receives any bills or invoices from any legal, accounting, investment banking or
other consultants or advisors that relate to fees incurred by a Company or Shareholder with respect to the transactions contemplated by the Purchase Documents, the Company shall forward such bills or invoices to the Shareholders’ Representative
for payment of such amount promptly after receipt thereof. 
  

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 (b) The Purchaser, on the one hand, and the Sellers, on the other hand,
shall equally share the fees associated with the notification and report form required by the HSR Act. 
 15.4 Notices. 

 All notices, requests, demands, and other communications hereunder shall be in writing (which shall include
communications by telex and telephonic facsimile) and shall be delivered (a) in person or by courier or overnight service, (b) mailed by first class registered or certified mail, postage prepaid, return receipt requested, or (c) by
facsimile transmission, as follows: 
 If to the Shareholders’ Representative: 
 Global Payments Inc. 
 10 Glenlake Parkway, North Tower 
 Atlanta, Georgia 30328

 Attention: Corporate Secretary 
 Telephone: (770) 829-8256 
 Facsimile: (770)
829-8265 
 with a copy (which shall not constitute notice) to: 
 Alston & Bird, LLP 
 90 Park Avenue 
 New York, New York 10016 
 Attention: Mark F. McElreath 
 Telephone: (212) 210-9595 
 Facsimile: (212) 210-9444

 If to Purchaser: 
 Money Transfer Acquisition Inc. 
 c/o
Palladium Capital Management III, L.L.C. 
 Rockefeller Center 
 1270 Avenue of the Americas 
 Suite 2200 
 New York, NY 10020 
 Attention: David Perez 
 Telephone: 212-218-5150 
 Facsimile: 212-218-5155 
  

 83 

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

 Edwards Angell Palmer & Dodge LLP 
 750 Lexington Avenue 
 New York, NY 10022 
 Attention: Geoffrey Etherington 

Telephone: (212) 912-2740 
 Facsimile: (212) 308-4844 
 or to such other address as the parties hereto may
designate in writing to the other in accordance with this Section 15.4. Any Party may change the address to which notices are to be sent by giving written notice of such change of address to the other parties in the manner above provided for
giving notice. If delivered personally or by courier, the date on which the notice, request, instruction or document is delivered shall be the date on which such delivery is made and if delivered by facsimile transmission or mail as aforesaid, the
date on which such notice, request, instruction or document is received shall be the date of delivery. 
 15.5 Assignment.

 Prior to the Closing, this Agreement shall not be assignable by any of the Parties hereto without the
written consent of the others, provided that Purchaser shall have the right to assign to any Subsidiary of Purchaser with the written consent of the Sellers, which consent shall not be unreasonably delayed, conditioned or withheld, it being
acknowledged that (a) the Sellers shall not withhold consent to an assignment to a Subsidiary of the Purchaser that would not reasonably be expected to delay or adversely affect any Consent of a Governmental Body to the change of control of any
Company, and (b) the Sellers will be entitled to withhold consent to an assignment that would reasonably be expected to delay or adversely affect any Consent of a Governmental Body to the change of control of any Company. 
 15.6 No Benefit to Others. 
 The representations, warranties, covenants, and agreements contained in this Agreement are for the sole benefit of the Parties hereto and, in the case of Article 12 hereof, the Purchaser Indemnitees and
the Shareholder Indemnitees, and their respective heirs, executors, administrators, legal representatives, successors and assigns, and they shall not be construed as conferring any Third Party beneficiary or any other rights on any other Persons.

 15.7 Headings and Gender; Construction; Interpretation. 
 (a) The table of contents and the captions and section headings contained in this Agreement are for convenience of reference
only, do not form a part of this Agreement and shall not affect in any way the meaning or interpretation of this Agreement. All references in this Agreement to “Section” or “Article” shall be deemed to be references to a Section
or Article of this Agreement. 
  

 84 

 (b) Words used herein, regardless of the number and gender specifically
used, shall be deemed and construed to include any other number, singular or plural, and any other gender, masculine, feminine, or neuter, as the context requires. Whenever the words “include,” “includes” or “including”
are used in this Agreement, they shall be deemed followed by the words “without limitation.” 
 (c)
This Agreement has been reviewed, negotiated and accepted by all Parties and their attorneys and shall be construed and interpreted according to the ordinary meaning of the words so as fairly to accomplish the purposes and intentions of all the
Parties. No Party to this Agreement shall be considered the draftsman. 
 15.8 Counterparts. 
 This Agreement may be executed in two (2) or more counterparts, all of which shall be considered one and the same
Agreement, and shall become effective when one counterpart has been signed by each Party and delivered to the other Parties hereto. 
 15.9 Actions of the Company. 
 (a) Whenever this Agreement requires a Company to take any
action or to refrain from taking any action, such requirement shall be deemed to involve, with respect to actions to be taken, or not to be taken, at or prior to the Closing, an undertaking on the part of Shareholders to cause the Company to take
such action or to refrain from taking such action, as applicable, to the extent Shareholders has the requisite authority to so do. 
 (b) Whenever this Agreement requires a Company to take any action or to refrain from taking any action, such requirement shall be deemed to involve, with respect to actions to be taken, or not to be
taken, following the Closing, an undertaking on the part of Purchaser to cause the Company to take such action or to refrain from taking such action, as applicable, to the extent Purchaser has the requisite authority to so do. 
 15.10 Integration of Agreement. 
 (a) This Agreement, the Schedules, the Exhibits and the other Purchase Documents constitute the entire agreement among the Parties relating to the subject matter hereof and supersede all prior agreements,
oral and written, between the Parties with respect to the subject matter hereof, including that certain letter of intent between the Purchaser and GPN dated September 18, 2009. 
 (b) Neither this Agreement, nor any provision hereof, may be changed, waived, discharged, supplemented, or terminated
orally, but only by an agreement in writing signed by the Party against which the enforcement of such change, waiver, discharge or termination is sought. The failure or delay of any Party at any time or times to require performance of any provision
of this Agreement shall in no manner affect its right to enforce that provision. No single or partial waiver by any Party of any condition of this Agreement, or the breach of any term of this Agreement or the inaccuracy or warranty of this
Agreement, whether by conduct or otherwise, in any one or more

  

 85 

 
instances shall be construed or deemed to be a further or continuing waiver of any such condition, breach or inaccuracy or a waiver of any other condition, breach or inaccuracy. 
 15.11 Waiver. 
 The rights and remedies of the Parties to this Agreement are cumulative and not alternative. Neither the failure nor any delay by any Party in exercising any right, power, or privilege under this
Agreement or the Purchase Documents will operate as a waiver of such right, power, or privilege, and no single or partial exercise of any such right, power or privilege will preclude any other or further exercise of such right, power or privilege or
the exercise of any other right, power, privilege. To the maximum extent permitted by applicable Law, (a) no claim or right arising out of this Agreement or the Purchase Documents can be discharged by one Party, in whole or in part, by a waiver
or renunciation of the claim or right unless in writing signed by the other Party; (b) no waiver that may be given by a Party will be applicable except in the specific instance for which it is given; and (c) no notice to or demand on one
Party will be deemed to be a waiver of any obligation of such Party or of the right of the Party giving such notice or demand to take further action without notice or demand as provided in this Agreement or the Purchase Documents. 
 15.12 Time of Essence. 
 Time is of the essence in this Agreement. 
 15.13 Governing Law.

 Regardless of any conflict of law or choice of law principles that might otherwise apply, the Parties
agree that this Agreement shall be governed by and construed in all respects in accordance with the Laws of the State of Delaware. The Parties agree and acknowledge that the State of Delaware has a reasonable relationship to the Parties and/or this
Agreement. As to any dispute, claim, or Litigation arising out of or relating in any way to this Agreement or the transaction at issue in this Agreement, the Parties hereby agree and consent to be subject to the exclusive jurisdiction of the United
States District Court for the District of Delaware. If jurisdiction is not present in federal court, then the Parties hereby agree and consent to the exclusive jurisdiction of the state courts of Wilmington, Delaware. Each Party hereby irrevocably
waives, to the fullest extent permitted by Law, (a) any objection that it may now or hereafter have to laying venue of any suit, action or proceeding brought in such court, (b) any claim that any suit, action or proceeding brought in such
court has been brought in an inconvenient forum, and (c) any defense that it may now or hereafter have based on lack of personal jurisdiction in such forum. 
 15.14 Partial Invalidity. 
 Whenever 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 in this Agreement shall, for any reason, be held to be invalid, illegal, or
unenforceable in any respect, such invalidity, illegality, or unenforceability

  

 86 

 
shall not affect any other provisions of this Agreement, and this Agreement shall be construed as if such invalid, illegal, or unenforceable provision or provisions had never been contained
herein unless the deletion of such provision or provisions would result in such a material change as to cause completion of the transactions contemplated hereby to be unreasonable. To the extent the deemed deletion of the invalid, illegal or
unenforceable provision or provisions is reasonably likely to have a Material Adverse Effect, the Parties shall endeavor in good faith to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which
comes as close as practicable to that of the invalid, illegal or unenforceable provisions. 
 15.15 Investigation.

 Purchaser acknowledges that its officers, directors, employees and authorized representatives and agents
have been given an opportunity to examine the agreements, instruments, documents and other information relating to the Company that they have requested to examine. To the extent that as a result of any investigation or examination in connection with
this Agreement, Purchaser has actual Knowledge of facts contrary to the statements made in any representation, warranty, covenant, or agreement of Shareholders set forth herein and completes the Closing without requiring correction or amendment of
such contrary statements, Purchaser shall be estopped from asserting reliance on such contrary representation, warranty, covenant or agreement in connection with any post-Closing claim for indemnification pursuant to Article 12 hereof. Shareholders
shall have the burden of proving Purchaser’s actual Knowledge of such contrary facts. Any disclosure made on one Schedule shall not be deemed made on any other Schedule, unless appropriate cross-referencing is made. The representations and
warranties of Shareholders and Purchaser shall survive the Closing and the execution and delivery of all instruments of conveyance and shall not be extinguished thereby. 
 (Signatures appear on the following page.) 
  

 87 

 IN WITNESS WHEREOF, each Party hereto has caused this Agreement to be
executed under seal on its behalf by its duly authorized officers, all as of the day and year first above written. 
  

			
	 PURCHASER:

	
	 MONEY TRANSFER ACQUISITION INC.

		
	 By:
	 	 /s/ David Perez

	 Name:
	 	 David Perez

	 Title:
	 	 President and CEO

	
	 SHAREHOLDERS:

	
	 GLOBAL PAYMENTS INC.

		
	 By:
	 	 /s/ James G. Kelly

	 Name:
	 	 James G. Kelly

	 Its:
	 	 President

	
	 GP FINANCE, INC.

		
	 By:
	 	 /s/ James G. Kelly

	 Name:
	 	 James G. Kelly

	 Its:
	 	 Treasurer

	
	 LATIN AMERICA MONEY SERVICES, LLC

		
	 By:
	 	 /s/ James G. Kelly

	 Name:
	 	 James G. Kelly

	 Its:
	 	 President

			
	 DOLEX EUROPE, S.L.

		
	 By:
	 	 /s/ James G. Kelly

	 Name:
	 	 James G. Kelly

	 Its:
	 	 Power of Attorney

	
	 SHAREHOLDERS’ REPRESENTATIVE:

	
	 /s/ James G. Kelly

	 James G. Kelly, solely for purposes of Section 13.1(a)364-Day Revolving Credit Agreement, dated as of 11/20/2009

 Exhibit 10.1 
 U.S.$600,000,000 
 CREDIT AGREEMENT 
 relating to a 
 364-DAY REVOLVING CREDIT FACILITY 
 Dated as of November 20, 2009 
 Among 
 ALTRIA
GROUP, INC. 
 and 
 THE INITIAL LENDERS NAMED HEREIN 
 and 
 JPMORGAN CHASE BANK, N.A. 
 and 
 CITIBANK, N.A. 
 as Administrative Agents 
 * * * * * * * * * * 
 BARCLAYS CAPITAL, CREDIT SUISSE SECURITIES (USA)
LLC, DEUTSCHE 
 BANK SECURITIES INC. and GOLDMAN SACHS CREDIT PARTNERS L.P. 
 as Syndication Agents 
 and 
 BANCO SANTANDER, S.A., NEW YORK BRANCH, THE BANK OF NOVA SCOTIA,

 HSBC BANK USA, NATIONAL ASSOCIATION, MORGAN STANLEY SENIOR 
 FUNDING, INC. and THE ROYAL BANK OF SCOTLAND PLC 
 as Documentation Agents 
 and 
 J.P. MORGAN SECURITIES INC., CITIGROUP GLOBAL MARKETS INC., 
 BARCLAYS CAPITAL, CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE 
 BANK SECURITIES INC. and GOLDMAN SACHS
CREDIT PARTNERS L.P. 
 as Joint Bookrunners 

 Table of Contents 
  

					
	 	  	 	  	Page
			
	ARTICLE I	  	DEFINITIONS AND ACCOUNTING TERMS	  	1
			
	Section 1.01.	  	Certain Defined Terms	  	1
			
	Section 1.02.	  	Computation of Time Periods	  	13
			
	Section 1.03.	  	Accounting Terms	  	13
			
	ARTICLE II	  	AMOUNTS AND TERMS OF THE ADVANCES	  	13
			
	Section 2.01.	  	The Pro Rata Advances	  	13
			
	Section 2.02.	  	Making the Pro Rata Advances	  	14
			
	Section 2.03.	  	Repayment of Pro Rata Advances	  	16
			
	Section 2.04.	  	Interest on Pro Rata Advances	  	16
			
	Section 2.05.	  	Additional Interest on LIBO Rate Advances	  	16
			
	Section 2.06.	  	Conversion of Pro Rata Advances	  	17
			
	Section 2.07.	  	The Competitive Bid Advances	  	17
			
	Section 2.08.	  	LIBO Rate Determination	  	22
			
	Section 2.09.	  	Fees	  	23
			
	Section 2.10.	  	Termination or Reduction of the Commitments	  	23
			
	Section 2.11.	  	Prepayments	  	23
			
	Section 2.12.	  	Increased Costs	  	24
			
	Section 2.13.	  	Illegality	  	25
			
	Section 2.14.	  	Payments and Computations	  	26
			
	Section 2.15.	  	Taxes	  	27
			
	Section 2.16.	  	Sharing of Payments, Etc	  	29
			
	Section 2.17.	  	Defaulting Lenders	  	30
			
	Section 2.18.	  	Evidence of Debt	  	31
			
	Section 2.19.	  	Use of Proceeds	  	32
			
	ARTICLE III	  	CONDITIONS TO EFFECTIVENESS AND LENDING	  	32
			
	Section 3.01.	  	Conditions Precedent to Effectiveness	  	32
			
	Section 3.02.	  	Initial Advance to Each Designated Subsidiary	  	33

  

 i 

 Table of Contents 
 (continued) 
  

					
	 	  	 	  	Page
			
	Section 3.03.	  	Conditions Precedent to Each Pro Rata Borrowing	  	34
			
	Section 3.04.	  	Conditions Precedent to Each Competitive Bid Borrowing	  	35
			
	ARTICLE IV	  	REPRESENTATIONS AND WARRANTIES	  	36
			
	Section 4.01.	  	Representations and Warranties of Altria	  	36
			
	ARTICLE V	  	COVENANTS OF ALTRIA	  	37
			
	Section 5.01.	  	Affirmative Covenants	  	37
			
	Section 5.02.	  	Negative Covenants	  	39
			
	ARTICLE VI	  	EVENTS OF DEFAULT	  	40
			
	Section 6.01.	  	Events of Default	  	40
			
	Section 6.02.	  	Lenders’ Rights upon Event of Default	  	42
			
	ARTICLE VII	  	THE ADMINISTRATIVE AGENTS	  	42
			
	Section 7.01.	  	Authorization and Action	  	42
			
	Section 7.02.	  	Administrative Agents’ Reliance, Etc	  	43
			
	Section 7.03.	  	JPMCB, Citibank and Affiliates	  	44
			
	Section 7.04.	  	Lender Credit Decision	  	44
			
	Section 7.05.	  	Indemnification	  	44
			
	Section 7.06.	  	Successor Administrative Agents	  	45
			
	Section 7.07.	  	Syndication Agents and Documentation Agents	  	45
			
	ARTICLE VIII	  	GUARANTY	  	45
			
	Section 8.01.	  	Guaranty	  	45
			
	Section 8.02.	  	Guaranty Absolute	  	46
			
	Section 8.03.	  	Waivers	  	46
			
	Section 8.04.	  	Continuing Guaranty	  	47

  

 ii 

 Table of Contents 
 (continued) 
  

					
	 	  	 	  	Page
			
	ARTICLE IX	  	MISCELLANEOUS	  	47
			
	Section 9.01.	  	Amendments, Etc	  	47
			
	Section 9.02.	  	Notices, Etc	  	47
			
	Section 9.03.	  	No Waiver; Remedies	  	49
			
	Section 9.04.	  	Costs and Expenses	  	49
			
	Section 9.05.	  	Right of Set-Off	  	50
			
	Section 9.06.	  	Binding Effect	  	50
			
	Section 9.07.	  	Assignments and Participations	  	51
			
	Section 9.08.	  	Designated Subsidiaries	  	54
			
	Section 9.09.	  	Governing Law	  	54
			
	Section 9.10.	  	Execution in Counterparts	  	54
			
	Section 9.11.	  	Jurisdiction, Etc	  	54
			
	Section 9.12.	  	Confidentiality	  	55
			
	Section 9.13.	  	Integration	  	55
			
	Section 9.14.	  	USA Patriot Act Notice	  	55
			
	Section 9.15.	  	No Fiduciary Duty	  	56

 SCHEDULE 
  

					
	Schedule I	 	-	  	List of Commitments and Applicable Lending Offices
	Schedule II	 	-	  	Certain Subsidiary Information
			
	EXHIBITS	 		  	
			
	Exhibit A-1	 	-	  	Form of Pro Rata Note
	Exhibit A-2	 	-	  	Form of Competitive Bid Note
	Exhibit B-1	 	-	  	Form of Notice of Pro Rata Borrowing
	Exhibit B-2	 	-	  	Form of Notice of Competitive Bid Borrowing
	Exhibit C	 	-	  	Form of Assignment and Acceptance
	Exhibit D	 	-	  	Form of Designation Agreement
	Exhibit E	 	-	  	Form of Guarantee
	Exhibit F-1	 	-	  	Form of Opinion of Counsel for Altria
	Exhibit F-2	 	-	  	Form of Opinion of Counsel for Altria
	Exhibit F-3	 		  	Form of Opinion of Counsel for Guarantor
	Exhibit G	 	-	  	Form of Opinion of Counsel for Designated Subsidiary

  

 iii 

 Table of Contents 
 (continued) 
  

							
	 	 	 	  	 	  	Page
	Exhibit H	 	-	  	Form of Opinion of Counsel for JPMCB, as Adminstrative Agent	  	
	Exhibit I	 	-	  	Form of Confidentiality Agreement	  	

  

 iv 

 364-DAY REVOLVING CREDIT AGREEMENT 
 Dated as of November 20, 2009 
 ALTRIA GROUP, INC., a Virginia corporation (“Altria”), the banks, financial institutions and other institutional lenders (the “Initial Lenders”) listed on the signature
pages hereof, and JPMORGAN CHASE BANK, N.A. (“JPMCB”) and CITIBANK, N.A. (“Citibank”), as administrative agents (each, in such capacity, an “Administrative Agent”) for the Lenders (as hereinafter
defined), agree as follows: 
 ARTICLE I 
 DEFINITIONS AND ACCOUNTING TERMS 
 Section 1.01. Certain Defined
Terms. As used in this Agreement, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined): 
 “Advance” means a Pro Rata Advance or a Competitive Bid Advance. 
 “Applicable Commitment Fee Rate” means, for any period, a percentage per annum equal to the percentage set
forth below determined by reference to the higher of the rating of Altria’s long-term senior unsecured debt from Standard & Poor’s and Moody’s, in each case in effect from time to time during such period: 
  

				
	 Long-Term Senior Unsecured Debt Rating
	  	Applicable
Commitment
Fee Rate	 
		
	 A and A2 or higher
	  	0.2000	% 
		
	 A- and A3
	  	0.2500	% 
		
	 BBB+ and Baa1
	  	0.3750	% 
		
	 BBB and Baa2
	  	0.4250	% 
		
	 Lower than BBB and Baa2
	  	0.5000	% 

 provided that if no rating is available on any date of determination from
Moody’s and Standard & Poor’s or any other nationally recognized statistical rating organization designated by Altria and reasonably satisfactory to JPMCB, as Administrative Agent, the Applicable Commitment Fee Rate shall be
0.5000%. 

 “Applicable Interest Rate Margin” means for any Interest
Period a percentage per annum equal to the Credit Default Swap Spread, subject to a minimum rate and a maximum rate as determined by reference to the higher of the rating of Altria’s long-term senior unsecured debt from Standard &
Poor’s and Moody’s, in each case in effect on the CDS Determination Date: 
  

							
	 Long-Term Senior Unsecured Debt Rating
	  	Minimum	 	 	Maximum	 
			
	 A- and A3 or higher
	  	1.500	% 	 	3.500	% 
			
	 BBB+ and Baa1
	  	2.000	% 	 	4.000	% 
			
	 BBB and Baa2
	  	2.500	% 	 	4.500	% 
			
	 Lower than BBB and Baa2
	  	3.000	% 	 	5.000	% 

 provided that if no rating is available on any CDS Determination Date from
Moody’s and Standard & Poor’s or any other nationally recognized statistical rating organization designated by Altria and reasonably satisfactory to JPMCB, as Administrative Agent, the Applicable Interest Rate Margin shall be
determined as if Altria’s long-term unsecured debt rating were lower than BBB and Baa2. 
 The Applicable Interest Rate
Margin for any Base Rate Advance on any date will be equal to the Applicable Interest Rate Margin for LIBO Rate Advances on such date minus 1% per annum. 
 “Applicable Lending Office” means, with respect to each Lender, such Lender’s Domestic Lending Office
in the case of a Pro Rata Advance and, in the case of a Competitive Bid Advance, the office of such Lender notified by such Lender to JPMCB, as Administrative Agent, as its Applicable Lending Office with respect to such Competitive Bid Advance.

 “Assignment and Acceptance” means an assignment and acceptance entered into by a Lender and
an Eligible Assignee, and accepted by JPMCB, as Administrative Agent, in substantially the form of Exhibit C hereto. 
 “Base Rate” means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of: 
 (i) the rate of interest announced publicly by JPMCB in New York, New York, from time to time, as JPMCB’s prime rate;
and 
 (ii)  1/2 of one percent per annum above the Federal Funds Effective Rate;
and 
 (iii) the LIBO rate for a one-month Interest Period. 
  

 2 

 “Base Rate Advance” means a Pro Rata Advance that bears
interest as provided in Section 2.04(a)(i). 
 “Base Rate Interest” has the meaning
specified in Section 2.04(a)(i). 
 “Board” means the Board of Governors of the Federal
Reserve System of the United States (or any successor). 
 “Borrowers” means, collectively,
Altria and each Designated Subsidiary that shall become a party to this Agreement pursuant to Section 9.08. 
 “Borrowing” means a Pro Rata Borrowing or a Competitive Bid Borrowing. 
 “Business Day” means a day of the year on which banks are not required or authorized by law to close in New York City and, if the applicable Business Day relates to any LIBO Rate Advances or Floating Rate Bid Advances, on
which dealings are carried on in the London interbank market and banks are open for business in London. 
 “CDS Determination Date” means (a) as to LIBO Rate Advances, the second Business Day prior to the borrowing of such LIBO Rate Advance for such LIBO Rate Advances, and (b) as to Base Rate Advances, initially, the
Effective Date and thereafter, the first Business Day of each succeeding calendar quarter. 
 “Commitment” means as to any Lender (i) the Dollar amount set forth opposite such Lender’s name on Schedule I hereto or (ii) if such Lender has entered into an Assignment and Acceptance, the Dollar amount set
forth for such Lender in the Register maintained by JPMCB, as Administrative Agent, pursuant to Section 9.07(d), in each case as such amount may be reduced pursuant to Section 2.10. 
 “Competitive Bid Advance” means an advance by a Lender to any Borrower as part of a Competitive Bid
Borrowing resulting from the competitive bidding procedure described in Section 2.07 and refers to a Fixed Rate Bid Advance or a Floating Rate Bid Advance. 
 “Competitive Bid Borrowing” means a borrowing consisting of simultaneous Competitive Bid Advances from each
of the Lenders whose offer to make one or more Competitive Bid Advances as part of such borrowing has been accepted under the competitive bidding procedure described in Section 2.07. 
 “Competitive Bid Note” means a promissory note of any Borrower payable to the order of any Lender, in
substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of such Borrower to such Lender resulting from a Competitive Bid Advance made by such Lender to such Borrower. 
 “Competitive Bid Reduction” has the meaning specified in Section 2.01. 
  

 3 

 “Consolidated EBITDA” means, for any accounting period, the
consolidated net earnings (or loss) of Altria and its Subsidiaries plus, without duplication and to the extent included as a separate item on Altria’s consolidated statements of earnings or consolidated statements of cash flows in the case of
clauses (a) through (e) for such period, the sum of (a) provision for income taxes, (b) interest and other debt expense, net, (c) depreciation expense, (d) amortization of intangibles, (e) any extraordinary,
unusual or non-recurring expenses or losses or any similar expense or loss subtracted from “Gross profit” in the calculation of “Operating income” and (f) the portion of loss included on Altria’s consolidated statements
of earnings of any Person (other than a Subsidiary of Altria) in which Altria or any of its Subsidiaries has an ownership interest and any cash that is actually received by Altria or such Subsidiary from such Person in the form of dividends or
similar distributions, and minus, without duplication, the sum of (x) to the extent included as a separate item on Altria’s consolidated statements of earnings for such period, any extraordinary, unusual or non-recurring income or
gains or any similar income or gain added to “Gross profit” in the calculation of “Operating income,” and (y) the portion of income included on Altria’s consolidated statements of earnings of any Person (other than a
Subsidiary of Altria) in which Altria or any of its Subsidiaries has an ownership interest, except to the extent that any cash is actually received by Altria or such Subsidiary from such Person in the form of dividends or similar distributions, all
as determined on a consolidated basis in accordance with accounting principles generally accepted in the United States for such period, except that if there has been a material change in an accounting principle as compared to that applied in the
preparation of the financial statements of Altria and its Subsidiaries as at and for the year ended December 31, 2008, then such new accounting principle shall not be used in the determination of Consolidated EBITDA. A material change in an
accounting principle is one that, in the year of its adoption, changes Consolidated EBITDA for any quarter in such year by more than 10%. 
 “Consolidated Interest Expense” means, for any accounting period, total interest expense of Altria and its Subsidiaries with respect to all outstanding Debt of Altria and its Subsidiaries
during such period, all as determined on a consolidated basis for such period and in accordance with accounting principles generally accepted in the United States for such period, except that if there has been a material change in an accounting
principle as compared to that applied in the preparation of the financial statements of Altria and its Subsidiaries as at and for the year ended December 31, 2008, then such new accounting principle shall not be used in the determination of
Consolidated Interest Expense. A material change in an accounting principle is one that, in the year of its adoption, changes Consolidated Interest Expense for any quarter in such year by more than 10%. 
 “Consolidated Tangible Assets” means the total assets appearing on a consolidated balance sheet of Altria
and its Subsidiaries, less goodwill and other intangible assets and the minority interests of other Persons in such Subsidiaries, all as determined in accordance with accounting principles generally accepted in the United States, except that if
there has been a material change in an accounting principle as compared to that applied in the preparation of the financial statements of Altria and its

  

 4 

 
Subsidiaries as at and for the year ended December 31, 2008, then such new accounting principle shall not be used in the determination of Consolidated Tangible Assets. A material change in
an accounting principle is one that, in the year of its adoption, changes Consolidated Tangible Assets at any quarter in such year by more than 10%. 
 “Convert,” “Conversion” and “Converted” each refers to a conversion of Pro Rata Advances of one Type into Pro Rata Advances of the other Type pursuant to
Section 2.06, 2.08 or 2.13. 
 “Credit Default Swap Spread” means, at any CDS Determination
Date, the one-year credit default swap spread applicable to Altria’s long-term senior unsecured debt, determined as of the close of business on the Business Day immediately preceding such CDS Determination Date, as reported and interpolated, if
applicable, by Markit Group Limited or any successor thereto. If on any CDS Determination Date the Credit Default Swap Spread is unavailable, Altria and the Lenders shall negotiate in good faith (for a period of up to thirty days from such date
(such thirty-day period, the “Negotiation Period”)) to agree on an alternative method for establishing the Applicable Interest Rate Margin. The Applicable Interest Rate Margin for any day that falls during the Negotiation Period shall be
based upon the then most recently available quote of the Credit Default Swap Spread. If no such alternative method is agreed upon during the Negotiation Period, the Applicable Interest Rate Margin for any day subsequent to the end of the Negotiation
Period shall be a rate per annum equal to the “Maximum” set forth in the Applicable Interest Rate Margin pricing grid based upon the ratings by Moody’s and Standard & Poor’s, respectively, applicable on such date to
Altria’s long-term senior unsecured debt. 
 “Debt” means, without duplication,
(a) indebtedness for borrowed money or for the deferred purchase price of property or services, whether or not evidenced by bonds, debentures, notes or similar instruments, (b) obligations as lessee under leases that, in accordance with
accounting principles generally accepted in the United States, are recorded as capital leases, (c) obligations as an account party or applicant under letters of credit (other than trade letters of credit incurred in the ordinary course of
business) to the extent such letters of credit are drawn and not reimbursed within five Business Days of such drawing, (d) the aggregate principal (or equivalent) amount of financing raised through outstanding securitization financings of
accounts receivable, and (e) obligations under direct or indirect guaranties in respect of, and obligations (contingent or otherwise) to purchase or otherwise acquire, or otherwise to assure a creditor against loss (including by way of
(i) granting a security interest or other Lien on property or (ii) having a reimbursement obligation under or in respect of a letter of credit or similar arrangement (to the extent such letter of credit is not collateralized by assets
(other than Operating Assets) having a fair value equal to the amount of such reimbursement obligation), in any case in respect of, indebtedness or obligations of any other Person of the kinds referred to in clause (a), (b), (c) or
(d) above). For the avoidance of doubt, the following shall not constitute “Debt” for purposes of this Agreement: (A) any obligation that is fully non-recourse to Altria or any of its Subsidiaries, (B) intercompany debt of
Altria or any of its

  

 5 

 
Subsidiaries, (C) any appeal bond or other arrangement to secure a stay of execution on a judgment or order, provided that any such appeal bond or other arrangement issued by a third party
in connection with such arrangement shall constitute Debt to the extent Altria or any of its Subsidiaries has a reimbursement obligation to such third party that is not collateralized by assets (other than Operating Assets) having a fair value equal
to the amount of such reimbursement obligation, (D) unpaid judgments, or (E) defeased indebtedness. 
 “Default” means any event specified in Section 6.01 that would constitute an Event of Default but for the requirement that notice be given or time elapse or both. 
 “Defaulting Lender” means any Lender that has (a) failed to fund any portion of its Commitments within
one Business Day of the date required to be funded by it hereunder, (b) notified Altria or JPMCB, as Administrative Agent, in writing that it does not intend to comply with any of its funding obligations under this Agreement or has made a
public statement to the effect that it does not intend to comply with its funding obligations either under this Agreement or generally under agreements in which it has committed to extend credit, (c) failed, within three Business Days after
written request by JPMCB, as Administrative Agent (whether acting on its own behalf or at the reasonable request of Altria (it being understood that JPMCB, as Administrative Agent, shall comply with any such reasonable request)), to confirm that it
will comply with the terms of this Agreement relating to its obligations to fund prospective Advances; provided that any such Lender shall cease to be a Defaulting Lender under this clause (c) upon receipt of such confirmation by the
Administrative Agent, (d) otherwise failed to pay over to JPMCB, as Administrative Agent, or any other Lender any other amount required to be paid by it hereunder within three Business Days of the date when due, unless such amount is the
subject of a good faith dispute, or (e) become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has a parent company that has become the subject of a bankruptcy
or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it. No Lender shall be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in such Lender or a parent company
thereof by a Governmental Authority or an instrumentality thereof. 
 “Designated Subsidiary”
means any wholly-owned Subsidiary of Altria designated for borrowing privileges under this Agreement pursuant to Section 9.08. 
 “Designation Agreement” means, with respect to any Designated Subsidiary, an agreement in the form of Exhibit D hereto signed by such Designated Subsidiary and Altria. 
 “Dollars” and the “$” sign each means lawful currency of the United States of America.

  

 6 

 “Domestic Lending Office” means, with respect to any
Lender, the office of such Lender specified as its “Domestic Lending Office” opposite its name on Schedule I hereto or in the Assignment and Acceptance pursuant to which it became a Lender, or such other office of such Lender as such
Lender may from time to time specify to Altria and JPMCB, as Administrative Agent. 
 “Effective
Date” has the meaning specified in Section 3.01. 
 “Eligible Assignee” means
(i) a commercial bank organized under the laws of the United States, or any State thereof, and having total assets in excess of $10,000,000,000; (ii) a commercial bank organized under the laws of any other country which is a member of the
Organization for Economic Cooperation and Development (or any successor) (“OECD”), or a political subdivision of any such country, and having total assets in excess of $10,000,000,000, provided that such bank is acting through a
branch or agency located in the country in which it is organized or another country which is also a member of the OECD or the Cayman Islands; (iii) the central bank of any country which is a member of the OECD; (iv) a commercial finance
company or finance Subsidiary of a corporation organized under the laws of the United States, or any State thereof, and having total assets in excess of $6,000,000,000; (v) an insurance company organized under the laws of the United States, or
any State thereof, and having total assets in excess of $10,000,000,000; (vi) any Lender; (vii) an affiliate of any Lender; and (viii) any other bank, commercial finance company, insurance company or other Person approved in writing
by Altria, which approval shall be notified to JPMCB, as Administrative Agent; provided, however, that the term “Eligible Assignee” shall not include a Defaulting Lender or an affiliate of a Defaulting Lender. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the
regulations promulgated and rulings issued thereunder. 
 “ERISA Affiliate” means any Person
that for purposes of Title IV of ERISA is a member of any Borrower’s controlled group, or under common control with any Borrower, within the meaning of Section 414 of the Internal Revenue Code. 
 “ERISA Event” means (a) (i) the occurrence with respect to a Plan of a reportable event, within
the meaning of Section 4043 of ERISA, unless the 30-day notice requirement with respect thereto has been waived by the Pension Benefit Guaranty Corporation (or any successor) (“PBGC”), or (ii) the requirements of
subsection (1) of Section 4043(b) of ERISA (without regard to subsection (2) of such section) are met with respect to a contributing sponsor, as defined in Section 4001(a)(13) of ERISA, of a Plan, and an event described in
paragraph (9), (10), (11), (12) or (13) of Section 4043(c) of ERISA is reasonably expected to occur with respect to such Plan within the following 30 days; (b) the application for a minimum funding waiver with respect to a Plan;
(c) the provision by the administrator of any Plan of a notice of intent to terminate such Plan, pursuant to Section 4041(a)(2) of ERISA (including any such notice with respect to a

  

 7 

 
plan amendment referred to in Section 4041(e) of ERISA); (d) the cessation of operations at a facility of any Borrower or Altria or any of their ERISA Affiliates in the circumstances
described in Section 4062(e) of ERISA; (e) the withdrawal by any Borrower or Altria or any of their ERISA Affiliates from a Multiple Employer Plan during a plan year for which it was a substantial employer, as defined in
Section 4001(a)(2) of ERISA; (f) the conditions set forth in Section 302(f)(1)(A) and (B) of ERISA to the creation of a lien upon property or rights to property of any Borrower or Altria or any of their ERISA Affiliates for
failure to make a required payment to a Plan are satisfied; (g) the adoption of an amendment to a Plan requiring the provision of security to such Plan, pursuant to Section 307 of ERISA; or (h) the termination of a Plan by the PBGC
pursuant to Section 4042 of ERISA, or the occurrence of any event or condition described in Section 4042 of ERISA that constitutes grounds for the termination of, or the appointment of a trustee to administer, a Plan. 
 “Eurocurrency Liabilities” has the meaning assigned to that term in Regulation D of the Board, as in effect
from time to time. 
 “Eurodollar Lending Office” means, with respect to any Lender, the office
of such Lender specified as its “Eurodollar Lending Office” opposite its name on Schedule I hereto or in the Assignment and Acceptance pursuant to which it became a Lender (or, if no such office is specified, its Domestic Lending Office),
or such other office of such Lender as such Lender may from time to time specify to Altria and JPMCB, as Administrative Agent. 
 “Eurodollar Rate Reserve Percentage” for any Interest Period, for all LIBO Rate Advances or Floating Rate Bid Advances comprising part of the same Borrowing, means, the reserve percentage
applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other
marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that
includes deposits by reference to which the interest rate on LIBO Rate Advances or Floating Rate Bid Advances is determined) having a term equal to such Interest Period. 
 “Event of Default” has the meaning specified in Section 6.01. 
 “Existing Loan Agreement” means Altria’s existing 5-Year Revolving Credit Agreement dated as of
April 15, 2005. 
 “Federal Bankruptcy Code” means the Bankruptcy Reform Act of 1978, as
amended from time to time. 
 “Federal Funds Effective Rate” means, for any
day, the weighted average (rounded upwards, if necessary, to the next  1/100 of 1%) of the rates on overnight 

  

 8 

 
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 for any day that is a Business Day, the average (rounded upwards, if necessary, to the next  1/
100 of 1%) of the quotations for such day for such transactions received by JPMCB, as Administrative Agent, from three Federal funds brokers of recognized standing
selected by it. 
 “Fixed Rate Bid Advance” means a Competitive Bid Advance bearing
interest based on a fixed rate per annum as specified in the relevant Notice of Competitive Bid Borrowing. 
 “Floating Rate Bid Advance” means a Competitive Bid Advance bearing interest at a rate of interest quoted as a margin over the LIBO Rate as specified in the relevant Notice of Competitive Bid Borrowing. 
 “Governmental Authority” means the government of the United States of America, any other nation or any
political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or
functions of or pertaining to government. 
 “Guarantee” means the guarantee agreement dated as
of the Effective Date issued by the Guarantor in favor of the Lenders, substantially in the form of Exhibit E hereto. 
 “Guarantor” means Philip Morris USA Inc., a Virginia corporation. 
 “Home
Jurisdiction Withholding Taxes” means (a) in the case of Altria and a Designated Subsidiary that is a “United States Person” within the meaning of Section 7701(a)(30) of the Internal Revenue Code, withholding for United
States federal income taxes, United States federal back-up withholding taxes and United States withholding taxes and (b) in the case of a Designated Subsidiary, withholding taxes imposed by the jurisdiction under the laws of which such
Designated Subsidiary is organized or any political subdivision thereof. 
 “Interest Period”
means, for each LIBO Rate Advance comprising part of the same Pro Rata Borrowing and each Floating Rate Bid Advance comprising part of the same Competitive Bid Borrowing, the period commencing on the date of such LIBO Rate Advance or Floating Rate
Bid Advance or the date of Conversion of any Base Rate Advance into such LIBO Rate Advance or the last day of the preceding Interest Period applicable to such Advance and ending on the last day of the period selected by the Borrower requesting such
Borrowing pursuant to the provisions below. The duration of each such Interest Period shall be one week, one, two, three or six months, or, if available to all Lenders, nine months, as such Borrower may select upon notice received by JPMCB, as
Administrative Agent, not later than 11:00 A.M. (New York City time) on the third Business Day prior to the first day of such Interest Period; provided, however, that: 
 (a) such Borrower may not select any Interest Period that ends after the Termination Date; 
  

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 (b) whenever the last day of any Interest Period would otherwise occur on a
day other than a Business Day, the last day of such Interest Period shall be extended to occur on the next succeeding Business Day, provided that if such extension would cause the last day of such Interest Period to occur in the next
following calendar month, the last day of such Interest Period shall occur on the immediately preceding Business Day; and 
 (c) whenever the first day of any Interest Period occurs on a day of an initial calendar month for which there is no numerically corresponding day in the calendar month that succeeds such initial calendar
month by the number of months equal to the number of months in such Interest Period, such Interest Period shall end on the last Business Day of such succeeding calendar month. 
 “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended from time to time, and the
regulations promulgated and the rulings issued thereunder. 
 “JPMCB’s Administrative Agent
Account” means (a) the account of JPMCB, as Administrative Agent, maintained by JPMCB, as Administrative Agent, at JPMorgan Chase Bank, N.A., Loan and Agency, 1111 Fannin Street, Houston, Texas 77002, Account No. 9008113381H0301,
Reference: Altria Group, Inc., Attention: Account Manager, or (b) JPMCB, as Administrative Agent, as is designated in writing from time to time by JPMCB, as Administrative Agent, to Altria and the Lenders for such purpose. 
 “Lenders” means the Initial Lenders and their respective successors and permitted assignees. 
 “Lender Supplement” has the meaning specified in Section 2.10(b). 
 “LIBO Rate” means an interest rate per annum equal to either: 
 (a) the offered rate per annum at which deposits in Dollars appear on Reuters Page LIBOR01 (or any successor page) as of
11:00 A.M. (London time) two Business Days before the first day of such Interest Period, or 
 (b) if the LIBO Rate does not appear on Reuters Page LIBOR01 (or any successor page), then the LIBO Rate will be determined by taking the average (rounded upward to the nearest whole multiple of  1/16 of 1% per annum, if such average is not such a multiple) of
the rates per annum at which deposits in Dollars are offered by the principal office of each of the Reference Banks in London, England to prime banks in the London interbank market at 11:00 A.M. (London time) two Business Days before the first day
of such Interest Period for an amount substantially equal to the amount that would be the Reference Banks’ respective ratable shares of such Borrowing outstanding during such Interest Period and for a period equal to such Interest Period, as
determined by JPMCB, as Administrative Agent, subject, however, to the provisions of Section 2.08. 
  

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 “LIBO Rate Advance” means a Pro Rata Advance that bears
interest as provided in Section 2.04(a)(ii). 
 “LIBO Rate Interest” has the meaning
specified in Section 2.04(a)(ii). 
 “Lien” has the meaning specified in
Section 5.02(a). 
 “Major Subsidiary” means any Subsidiary (a) more than 50% of the
voting securities of which is owned directly or indirectly by Altria, (b) which is organized and existing under, or has its principal place of business in, the United States or any political subdivision thereof, Canada or any political
subdivision thereof, any country which is a member of the European Union on the date hereof (other than Greece, Portugal or Spain) or any political subdivision thereof, or Switzerland, Norway or Australia or any of their respective political
subdivisions, and (c) which has at any time total assets (after intercompany eliminations) exceeding $1,000,000,000. 
 “Margin Stock” means margin stock, as such term is defined in Regulation U. 
 “Moody’s” means Moody’s Investors Service, Inc., and any successor to its rating agency business. 
 “Multiemployer Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which
any Borrower or any ERISA Affiliate is making or accruing an obligation to make contributions, or has within any of the preceding five plan years made or accrued an obligation to make contributions, such plan being maintained pursuant to one or more
collective bargaining agreements. 
 “Multiple Employer Plan” means a single employer plan, as
defined in Section 4001(a)(15) of ERISA, that (a) is maintained for employees of any Borrower or any ERISA Affiliate and at least one Person other than such Borrower and the ERISA Affiliates or (b) was so maintained and in respect of
which such Borrower or any ERISA Affiliate could have liability under Section 4064 or 4069 of ERISA in the event such plan has been or were to be terminated. 
 “Note” means a Pro Rata Note or a Competitive Bid Note. 
 “Notice of Competitive Bid Borrowing” has the meaning specified in Section 2.07(b). 
 “Notice of Pro Rata Borrowing” has the meaning specified in Section 2.02(a). 
 “Obligations” has the meaning specified in Section 8.01. 
 “Operating Assets” means, for any accounting period, any assets included in the consolidated balance sheet
of Altria and its Subsidiaries as “Inventories,” or “Property, plant and equipment” or “Receivables” for such period. 
  

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 “Other Taxes” has the meaning specified in
Section 2.15(b). 
 “Patriot Act” has the meaning specified in Section 9.14.

 “Person” means an individual, partnership, corporation (including a business trust), joint
stock company, trust, unincorporated association, joint venture, limited liability company or other entity, or a government or any political subdivision or agency thereof. 
 “Plan” means a Single Employer Plan or a Multiple Employer Plan. 
 “Pro Rata Advance” means an advance by a Lender to any Borrower as part of a Pro Rata Borrowing and refers
to a Base Rate Advance or a LIBO Rate Advance (each of which shall be a “Type” of Pro Rata Advance). 
 “Pro Rata Borrowing” means a borrowing consisting of simultaneous Pro Rata Advances of the same Type made by each of the Lenders pursuant to Section 2.01. 
 “Pro Rata Note” means a promissory note of any Borrower payable to the order of any Lender, delivered
pursuant to a request made under Section 2.18 in substantially the form of Exhibit A-1 hereto, evidencing the aggregate indebtedness of such Borrower to such Lender resulting from the Pro Rata Advances made by such Lender to such Borrower.

 “Reference Banks” means JPMCB, Citibank, Barclays Bank PLC, Credit Suisse Securities (USA)
LLC, Deutsche Bank AG New York Branch and Goldman Sachs Credit Partners L.P. 
 “Register” has
the meaning specified in Section 9.07(d). 
 “Regulation A” means Regulation A of the
Board, as in effect from time to time. 
 “Regulation U” means Regulation U of the Board, as in
effect from time to time. 
 “Required Lenders” means at any time Lenders owed at least 50.1% of
the then aggregate unpaid principal amount of the Pro Rata Advances owing to Lenders, or, if no such principal amount is then outstanding, Lenders having at least 50.1% of the Commitments. 
 “Single Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that
(a) is maintained for employees of any Borrower or any ERISA Affiliate and no Person other than such Borrower and the ERISA Affiliates or (b) was so maintained and in respect of which such Borrower or any ERISA Affiliate could have
liability under Section 4069 of ERISA in the event such plan has been or were to be terminated. 
  

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 “Standard & Poor’s” means Standard &
Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., and any successor to its ratings agency business. 
 “Subsidiary” of any Person means any corporation or limited liability company of which (or in which) more than 50% of the outstanding equity interests having voting power to elect a
majority of the Board of Directors of such entity (irrespective of whether at the time equity interests of any other class or classes of such entity shall or might have voting power upon the occurrence of any contingency) is at the time directly or
indirectly owned or controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more of such Person’s other Subsidiaries. 
 “Taxes” has the meaning specified in Section 2.15. 
 “Termination Date” means the earlier to occur of November 19, 2010 and the date of termination in whole
of the Commitments pursuant to Section 2.10 or Section 6.02. 
 Section 1.02. Computation of Time Periods.
In this Agreement in the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each mean “to but
excluding.” 
 Section 1.03. Accounting Terms. All accounting terms not specifically defined herein shall be
construed in accordance with accounting principles generally accepted in the United States of America, except that if there has been a material change in an accounting principle affecting the definition of an accounting term as compared to that
applied in the preparation of the financial statements of Altria as of and for the year ended December 31, 2008, then such new accounting principle shall not be used in the determination of the amount associated with that accounting term. A
material change in an accounting principle is one that, in the year of its adoption, changes the amount associated with the relevant accounting term for any quarter in such year by more than 10%. 
 ARTICLE II 
 AMOUNTS
AND TERMS OF THE ADVANCES 
 Section 2.01. The Pro Rata Advances. (a) Obligation to Make Pro Rata
Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Pro Rata Advances to any Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an
aggregate amount not to exceed at any time outstanding such Lender’s Commitment; provided, however, that the aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate
amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of
the Commitments being a “Competitive Bid Reduction”). 
  

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 (b) Amount of Pro Rata Borrowings. Each Pro Rata Borrowing shall be
in an aggregate amount of no less than $50,000,000 or an integral multiple of $1,000,000 in excess thereof. 
 (c) Type of Pro Rata Advances. Each Pro Rata Borrowing shall consist of Pro Rata Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s
Commitment and subject to this Section 2.01, any Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.11 or repay pursuant to Section 2.03 and reborrow under this Section 2.01. 
 Section 2.02. Making the Pro Rata Advances. (a) Notice of Pro Rata Borrowing. Each Pro Rata Borrowing shall be made
on notice, given not later than (x) 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Pro Rata Borrowing in the case of a Pro Rata Borrowing consisting of LIBO Rate Advances, or (y) 9:00 A.M. (New
York City time) on the date of the proposed Pro Rata Borrowing in the case of a Pro Rata Borrowing consisting of Base Rate Advances, by the Borrower to JPMCB, as Administrative Agent, which shall give to each Lender prompt notice thereof by
telecopier. Each such notice of a Pro Rata Borrowing (a “Notice of Pro Rata Borrowing”) shall be by telephone, confirmed immediately in writing, by registered mail or telecopier in substantially the form of Exhibit B-1 hereto,
specifying therein the requested: 
 (i) date of such Pro Rata Borrowing, 
 (ii) Type of Advances comprising such Pro Rata Borrowing, 
 (iii) aggregate amount of such Pro Rata Borrowing, and 
 (iv) in the case of a Pro Rata Borrowing consisting of LIBO Rate Advances, the initial Interest Period for each such Pro Rata
Advance. Notwithstanding anything herein to the contrary, no Borrower may select LIBO Rate Advances for any Pro Rata Borrowing if the obligation of the Lenders to make LIBO Rate Advances shall then be suspended pursuant to Section 2.08(c) or
2.13. 
 (b) Funding Pro Rata Advances. Each Lender shall, before 11:00 A.M. (New York City time) on the
date of such Pro Rata Borrowing, make available for the account of its Applicable Lending Office to JPMCB, as Administrative Agent, at JPMCB’s Administrative Agent Account, in same day funds, such Lender’s ratable portion of such Pro Rata
Borrowing. After receipt of such funds by JPMCB, as Administrative Agent, and upon fulfillment of the applicable conditions set forth in Article III, JPMCB, as Administrative Agent, will make such funds available to the relevant Borrower at the
address of JPMCB, as Administrative Agent, referred to in Section 9.02. 
  

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 (c) Irrevocable Notice. Each Notice of Pro Rata Borrowing of any
Borrower shall be irrevocable and binding on such Borrower. In the case of any Pro Rata Borrowing that the related Notice of Pro Rata Borrowing specifies is to be comprised of LIBO Rate Advances, the Borrower requesting such Pro Rata Borrowing shall
indemnify each Lender against any loss, cost or expense incurred by such Lender as a result of any failure to fulfill on or before the date specified in such Notice of Pro Rata Borrowing for such Pro Rata Borrowing the applicable conditions set
forth in Article III, including, without limitation, any loss (excluding loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Pro Rata
Advance to be made by such Lender as part of such Pro Rata Borrowing when such Pro Rata Advance, as a result of such failure, is not made on such date. 
 (d) Lender’s Ratable Portion. Unless JPMCB, as Administrative Agent, shall have received notice from a Lender prior to 11:00 A.M. (New York City time) on the day of any Pro Rata Borrowing that
such Lender will not make available to JPMCB, as Administrative Agent, such Lender’s ratable portion of such Pro Rata Borrowing, JPMCB, as Administrative Agent, may assume that such Lender has made such portion available to JPMCB, as
Administrative Agent, on the date of such Pro Rata Borrowing in accordance with Section 2.02(b) and JPMCB, as Administrative Agent, may, in reliance upon such assumption, make available to the Borrower proposing such Pro Rata Borrowing on such
date a corresponding amount. If and to the extent that such Lender shall not have so made such ratable portion available to JPMCB, as Administrative Agent, such Lender and such Borrower severally agree to repay to JPMCB, as Administrative Agent,
forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to such Borrower until the date such amount is repaid to JPMCB, as Administrative Agent, at: 
 (i) in the case of such Borrower, the higher of (A) the interest rate applicable at the time to Pro Rata Advances
comprising such Pro Rata Borrowing and (B) the cost of funds incurred by JPMCB, as Administrative Agent, in respect of such amount, and 
 (ii) in the case of such Lender, the Federal Funds Effective Rate. 
 If such Lender shall repay to
JPMCB, as Administrative Agent, such corresponding amount, such amount so repaid shall constitute such Lender’s Pro Rata Advance as part of such Pro Rata Borrowing for purposes of this Agreement. 
 (e) Independent Lender Obligations. The failure of any Lender to make the Pro Rata Advance to be made by it as part of
any Pro Rata Borrowing shall not relieve any other Lender of its obligation, if any, hereunder to make its Pro Rata Advance on the date of such Pro Rata Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the
Pro Rata Advance to be made by such other Lender on the date of any Pro Rata Borrowing. 
  

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 Section 2.03. Repayment of Pro Rata Advances. Each Borrower shall repay to
JPMCB, as Administrative Agent, for the ratable account of the Lenders on the Termination Date the unpaid principal amount of the Pro Rata Advances then outstanding. 
 Section 2.04. Interest on Pro Rata Advances. (a) Scheduled Interest. Each Borrower shall pay interest on the unpaid principal amount of each Pro Rata Advance owing by such Borrower
to each Lender from the date of such Pro Rata Advance until such principal amount shall be paid in full, at the following rates per annum: 
 (i) Base Rate Advances. During such periods as such Pro Rata Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time
plus (y) the Applicable Interest Rate Margin (the sum of (x) and (y), the “Base Rate Interest”) payable in arrears monthly on the 20th day of each month and on the date such Base Rate Advance shall be Converted or paid in
full. 
 (ii) LIBO Rate Advances. During such periods as such Pro Rata Advance is a LIBO Rate Advance, a
rate per annum equal at all times during each Interest Period for such Pro Rata Advance to the sum of (x) the LIBO Rate for such Interest Period for such Pro Rata Advance plus (y) the Applicable Interest Rate Margin (the sum of
(x) and (y), the “LIBO Rate Interest”), payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every
three months from the first day of such Interest Period, and on the date such LIBO Rate Advance shall be Converted or paid in full. 
 (b) Default Interest. Upon the occurrence and during the continuance of an Event of Default, each Borrower shall pay interest on the unpaid principal amount of each Pro Rata Advance owing to each
Lender, payable in arrears on the dates referred to in Section 2.04(a)(i) or Section 2.04(a)(ii), at a rate per annum equal at all times to 1% per annum above the rate per annum required to be paid on such Pro Rata Advance.

 Section 2.05. Additional Interest on LIBO Rate Advances. Each Borrower shall pay to each Lender, so long as such
Lender shall be required under regulations of the Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each LIBO Rate Advance of
such Lender to such Borrower, from the date of such Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i) the LIBO Rate for the Interest Period for
such Advance from (ii) the rate obtained by dividing such LIBO Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Lender for such Interest Period, payable on each date on which interest is payable on such
Advance. Such additional interest shall be determined by such Lender and notified to Altria through JPMCB, as Administrative Agent. 
  

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 Section 2.06. Conversion of Pro Rata Advances. (a) Conversion Upon
Absence of Interest Period. If any Borrower shall fail to select the duration of any Interest Period for any LIBO Rate Advances in accordance with the provisions contained in the definition of the term “Interest Period,” JPMCB, as
Administrative Agent, will forthwith so notify such Borrower and the Lenders and such Advances will automatically, on the last day of the then existing Interest Period therefor, Convert into Base Rate Advances. 
 (b) Conversion Upon Event of Default. Upon the occurrence and during the continuance of any Event of Default under
Section 6.01(a), JPMCB, as Administrative Agent, or the Required Lenders may elect that (i) each LIBO Rate Advance be, on the last day of the then existing Interest Period therefor, Converted into Base Rate Advances and (ii) the
obligation of the Lenders to make, or to Convert Advances into, LIBO Rate Advances be suspended. 
 (c)
Voluntary Conversion. Subject to the provisions of Sections 2.08(c) and 2.13, any Borrower may convert all such Borrower’s Pro Rata Advances of one Type constituting the same Pro Rata Borrowing into Advances of the other Type on any
Business Day, upon notice given to JPMCB, as Administrative Agent, not later than 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion; provided, however, that the Conversion of a LIBO
Rate Advance into a Base Rate Advance may be made on, and only on, the last day of an Interest Period for such LIBO Rate Advance. Each such notice of a Conversion shall, within the restrictions specified above, specify 
 (i) the date of such Conversion; 
 (ii) the Pro Rata Advances to be Converted; and 
 (iii) if such Conversion is into LIBO Rate Advances, the duration of the Interest Period for each such Pro Rata Advance.

 Section 2.07. The Competitive Bid Advances. (a) Competitive Bid Advances’ Impact on Commitments.
Each Lender severally agrees that any Borrower may make Competitive Bid Borrowings under this Section 2.07 from time to time on any Business Day during the period from the Effective Date until the Termination Date in the manner set forth below;
provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders. As provided in Section 2.01, the
aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding, and such deemed use of the aggregate amount of the Commitments shall be
applied to the Lenders ratably according to their respective Commitments; provided, however, that any Lender’s Competitive Bid Advances shall not otherwise reduce that Lender’s obligation to lend its pro rata share of the
remaining available Commitments. 
  

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 (b) Notice of Competitive Bid Borrowing. Any Borrower may request a
Competitive Bid Borrowing under this Section 2.07 by delivering to JPMCB, as Administrative Agent, by telecopier, a notice of a Competitive Bid Borrowing (a “Notice of Competitive Bid Borrowing”), in substantially the form of
Exhibit B-2 hereto, specifying therein the following: 
 (i) date of such proposed Competitive Bid Borrowing;

 (ii) aggregate amount of such proposed Competitive Bid Borrowing; 
 (iii) interest rate basis and day count convention to be offered by the Lenders; 
 (iv) in the case of a Competitive Bid Borrowing consisting of Floating Rate Bid Advances, Interest Period, or in the case of
a Competitive Bid Borrowing consisting of Fixed Rate Bid Advances, maturity date for repayment of each Fixed Rate Bid Advance to be made as part of such Competitive Bid Borrowing (which maturity date may not be earlier than the date occurring seven
days after the date of such Competitive Bid Borrowing or later than the earlier of (A) 360 days after the date of such Competitive Bid Borrowing and (B) the Termination Date); 
 (v) interest payment date or dates relating thereto; 
 (vi) location of such Borrower’s account to which funds are to be advanced; and 
 (vii) other terms (if any) to be applicable to such Competitive Bid Borrowing. 
 A Borrower requesting a Competitive Bid Borrowing shall deliver a Notice of Competitive Bid Borrowing to JPMCB, as Administrative Agent, not later than
10:00 A.M. (New York City time) (x) at least two Business Days prior to the date of the proposed Competitive Bid Borrowing, if such Borrower shall specify in the Notice of Competitive Bid Borrowing that the Competitive Bid Borrowing shall be
Fixed Rate Bid Advances, or (y) at least four Business Days prior to the date of the proposed Competitive Bid Borrowing, if such Borrower shall specify in the Notice of Competitive Bid Borrowing that the Competitive Bid Borrowing shall be
Floating Rate Bid Advances. Each Notice of Competitive Bid Borrowing shall be irrevocable and binding on such Borrower. JPMCB, as Administrative Agent, shall in turn promptly notify each Lender of each request for a Competitive Bid Borrowing
received by it from such Borrower by sending such Lender a copy of the related Notice of Competitive Bid Borrowing. 
 (c) Discretion as to Competitive Bid Advances. Each Lender may, in its sole discretion, elect to irrevocably offer to make one or more Competitive Bid Advances to the applicable Borrower as part of such proposed Competitive Bid
Borrowing at a rate or rates of interest specified by such Lender in its sole discretion, by notifying JPMCB, as

  

 18 

 
Administrative Agent (which shall give prompt notice thereof to such Borrower), before 9:30 A.M. (New York City time) (A) on the Business Day prior to the date of such proposed Competitive
Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of Fixed Rate Bid Advances, and (B) on the third Business Day prior to the date of such proposed Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing
consisting of Floating Rate Bid Advances; provided that, if JPMCB in its capacity as a Lender shall, in its sole discretion, elect to make any such offer, it shall notify such Borrower of such offer at least 30 minutes before the time and on
the date on which notice of such election is to be given by any other Lender to JPMCB, as Administrative Agent. In such notice, the Lender shall specify the following: 
 (i) the minimum amount and maximum amount of each Competitive Bid Advance which such Lender would be willing to make as part
of such proposed Competitive Bid Borrowing (which amounts may, subject to the proviso to the first sentence of Section 2.07(a), exceed such Lender’s Commitment); 
 (ii) the rate or rates of interest therefor; and 
 (iii) such Lender’s Applicable Lending Office with respect to such Competitive Bid Advance. 
 If any Lender shall elect not to make such an offer, such Lender shall so notify JPMCB, as Administrative Agent, before 9:30 A.M. (New York City time) on
the date on which notice of such election is to be given to JPMCB, as Administrative Agent, by the other Lenders, and such Lender shall not be obligated to, and shall not, make any Competitive Bid Advance as part of such Competitive Bid Borrowing;
provided further that the failure by any Lender to give such notice shall not cause such Lender to be obligated to make any Competitive Bid Advance as part of such proposed Competitive Bid Borrowing. 
 (d) Borrower Selection of Lender Bids. The Borrower proposing the Competitive Bid Borrowing shall, in turn,
(A) before 12:00 noon (New York City time) on the Business Day prior to the date of such proposed Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of Fixed Rate Bid Advances and (B) before 12:00 noon (New
York City time) on the third Business Day prior to the date of such proposed Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of Floating Rate Bid Advances, either: 
 (i) cancel such Competitive Bid Borrowing by giving JPMCB, as Administrative Agent, notice to that effect, or 
 (ii) accept, in its sole discretion, one or more of the offers made by any Lender or Lenders pursuant to
Section 2.07(c), by giving notice to JPMCB, as Administrative Agent, of the amount of each Competitive Bid Advance (which amount shall be equal to or greater than the minimum amount, and equal to or less than the maximum amount, notified to
such Borrower by JPMCB, as

  

 19 

 
Administrative Agent on behalf of such Lender, for such Competitive Bid Advance pursuant to Section 2.07(c) to be made by each Lender as part of such Competitive Bid Borrowing) and reject
any remaining offers made by Lenders pursuant to Section 2.07(c) by giving JPMCB, as Administrative Agent, notice to that effect. Such Borrower shall accept the offers made by any Lender or Lenders to make Competitive Bid Advances in order of
the lowest to the highest rates of interest offered by such Lenders. If two or more Lenders have offered the same interest rate, the amount to be borrowed at such interest rate will be allocated among such Lenders in proportion to the maximum amount
that each such Lender offered at such interest rate. 
 If the Borrower proposing the Competitive Bid Borrowing notifies JPMCB, as
Administrative Agent, that such Competitive Bid Borrowing is canceled pursuant to Section 2.07(d)(i), or if such Borrower fails to give timely notice in accordance with Section 2.07(d), JPMCB, as Administrative Agent, shall give prompt
notice thereof to the Lenders and such Competitive Bid Borrowing shall not be made. 
 (e) Competitive Bid
Borrowing. If the Borrower proposing the Competitive Bid Borrowing accepts one or more of the offers made by any Lender or Lenders pursuant to Section 2.07(d)(ii), JPMCB, as Administrative Agent, shall in turn promptly notify: 

(i) each Lender that has made an offer as described in Section 2.07(c), whether or not any offer or offers made by
such Lender pursuant to Section 2.07(c) have been accepted by such Borrower; 
 (ii) each Lender that is to
make a Competitive Bid Advance as part of such Competitive Bid Borrowing, of the date and amount of each Competitive Bid Advance to be made by such Lender as part of such Competitive Bid Borrowing; and 
 (iii) each Lender that is to make a Competitive Bid Advance as part of such Competitive Bid Borrowing, upon receipt, that
JPMCB, as Administrative Agent, has received forms of documents appearing to fulfill the applicable conditions set forth in Article III. 
 When
each Lender that is to make a Competitive Bid Advance as part of such Competitive Bid Borrowing has received notice pursuant to Section 2.07(e)(iii), such Lender shall, before 11:00 A.M. (New York City time), on the date of such Competitive Bid
Borrowing specified in the notice received from JPMCB, as Administrative Agent, pursuant to Section 2.07(e)(i), make available for the account of its Applicable Lending Office to JPMCB, as Administrative Agent, at its address referred to in
Section 9.02, in same day funds, such Lender’s portion of such Competitive Bid Borrowing. Upon fulfillment of the applicable conditions set forth in Article III and after receipt by JPMCB, as Administrative Agent, of such funds, JPMCB, as
Administrative Agent, will make such funds available to such Borrower at the location specified by such

  

 20 

 
Borrower in its Notice of Competitive Bid Borrowing. Promptly after each Competitive Bid Borrowing, JPMCB, as Administrative Agent, will notify each Lender of the amount of the Competitive Bid
Borrowing, the consequent Competitive Bid Reduction and the dates upon which such Competitive Bid Reduction commenced and will terminate. 
 (f) Irrevocable Notice. If the Borrower proposing the Competitive Bid Borrowing notifies JPMCB, as Administrative Agent, that it accepts one or more of the offers made by any Lender or Lenders
pursuant to Section 2.07(c), such notice of acceptance shall be irrevocable and binding on such Borrower. Such Borrower shall indemnify each Lender against any loss, cost or expense incurred by such Lender as a result of any failure to fulfill
on or before the date specified in the related Notice of Competitive Bid Borrowing for such Competitive Bid Borrowing the applicable conditions set forth in Article III, including, without limitation, any loss (excluding loss of anticipated
profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Competitive Bid Advance to be made by such Lender as part of such Competitive Bid Borrowing when such
Competitive Bid Advance, as a result of such failure, is not made on such date. 
 (g) Amount of Competitive
Bid Borrowings; Competitive Bid Notes. Each Competitive Bid Borrowing shall be in an aggregate amount of $50,000,000 or an integral multiple of $1,000,000 in excess thereof and, following the making of each Competitive Bid Borrowing, the
aggregate amount of Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders. Within the limits and on the conditions set forth in this Section 2.07, any Borrower may from time to time borrow under this
Section 2.07, prepay pursuant to Section 2.11 or repay pursuant to Section 2.07(h), and reborrow under this Section 2.07; provided that a Competitive Bid Borrowing shall not be made within two Business Days of the date of
any other Competitive Bid Borrowing. The indebtedness of any Borrower resulting from each Competitive Bid Advance made to such Borrower as part of a Competitive Bid Borrowing shall be evidenced by a separate Competitive Bid Note of such Borrower
payable to the order of the Lender making such Competitive Bid Advance. 
 (h) Repayment of Competitive Bid
Advances. On the maturity date of each Competitive Bid Advance provided in the Competitive Bid Note evidencing such Competitive Bid Advance, the Borrower shall repay to JPMCB, as Administrative Agent, for the account of each Lender that has made
a Competitive Bid Advance the then unpaid principal amount of such Competitive Bid Advance. Except as required by Section 2.11(b), no Borrower shall have any right to prepay any principal amount of any Competitive Bid Advance unless, and then
only on the terms set forth in the Competitive Bid Note evidencing such Competitive Bid Advance. 
 (i)
Interest on Competitive Bid Advances. Each Borrower that has borrowed through a Competitive Bid Borrowing shall pay interest on the unpaid principal amount of each Competitive Bid Advance from the date of such Competitive Bid Advance to the

  

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date the principal amount of such Competitive Bid Advance is repaid in full, at the rate of interest for such Competitive Bid Advance and on the interest payment date or dates set forth in the
Competitive Bid Note evidencing such Competitive Bid Advance. Upon the occurrence and during the continuance of an Event of Default, such Borrower shall pay interest on the amount of unpaid principal of each Competitive Bid Advance owing to a
Lender, payable in arrears on the date or dates interest is payable thereon, at a rate per annum equal at all times to 1% per annum above the rate per annum required to be paid on such Competitive Bid Advance under the terms of the Competitive
Bid Note evidencing such Competitive Bid Advance unless otherwise agreed in such Competitive Bid Note. 
 Section 2.08.
LIBO Rate Determination. (a) Methods to Determine LIBO Rate. JPMCB, as Administrative Agent, shall determine the LIBO Rate by using the methods described in the definition of the term “LIBO Rate,” and shall give prompt
notice to the Borrower and Lenders of each such LIBO Rate. 
 (b) Role of Reference Banks. In the event
that the LIBO Rate cannot be determined by the method described in clause (a) of the definition of “LIBO Rate,” each Reference Bank agrees to furnish to JPMCB, as Administrative Agent, timely information for the purpose of determining
the LIBO Rate in accordance with the method described in clause (b) of the definition thereof. If any one or more of the Reference Banks shall not furnish such timely information to JPMCB, as Administrative Agent, for the purpose of determining
a LIBO Rate, JPMCB, as Administrative Agent, shall determine such interest rate on the basis of timely information furnished by the remaining Reference Banks. If fewer than two Reference Banks furnish timely information to JPMCB, as Administrative
Agent, for determining the LIBO Rate for any LIBO Rate Advances or Floating Rate Bid Advances, as the case may be, then: 
 (i) JPMCB, as Administrative Agent, shall forthwith notify Altria and the Lenders that the interest rate cannot be determined for such LIBO Rate Advance or Floating Rate Bid Advances, as the case may be;

 (ii) with respect to each LIBO Rate Advance, such Advance will, on the last day of the then existing Interest
Period therefor, be prepaid by the Borrower or be automatically Converted into a Base Rate Advance; and 
 (iii)
the obligation of the Lenders to make LIBO Rate Advances or Floating Rate Bid Advances or to Convert Base Rate Advances into LIBO Rate Advances shall be suspended until JPMCB, as Administrative Agent, shall notify Altria and the Lenders that the
circumstances causing such suspension no longer exist. 
 JPMCB, as Administrative Agent, shall give prompt notice to Altria and the Lenders of
the applicable interest rate determined by JPMCB, as Administrative Agent, for purposes of Section

  

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2.04(a)(i) or (ii), and the rate, if any, furnished by each Reference Bank for the purpose of determining the interest rate under Section 2.04(a)(ii) or the applicable LIBO Rate. 

(c) Inadequate LIBO Rate. If, with respect to any LIBO Rate Advances, the Required Lenders notify JPMCB, as
Administrative Agent, that (i) they are unable to obtain matching deposits in the London interbank market at or about 11:00 A.M. (London time) on the second Business Day before the making of a Borrowing in sufficient amounts to fund their
respective LIBO Rate Advances as a part of such Borrowing during the Interest Period therefor or (ii) the LIBO Rate for any Interest Period for such Advances will not adequately reflect the cost to such Required Lenders of making, funding or
maintaining their respective LIBO Rate Advances for such Interest Period, JPMCB, as Administrative Agent, shall forthwith so notify Altria and the Lenders, whereupon (A) the Borrower of such LIBO Rate Advances will, on the last day of the then
existing Interest Period therefor, either (x) prepay such Advances or (y) Convert such Advances into Base Rate Advances and (B) the obligation of the Lenders to make, or to Convert Base Rate Advances into, LIBO Rate Advances shall be
suspended until JPMCB, as Administrative Agent, shall notify Altria and the Lenders that the circumstances causing such suspension no longer exist. In the case of clause (ii) above, each Lender shall certify its cost of funds for each Interest
Period to JPMCB, as Administrative Agent, and Altria as soon as practicable (but in any event not later than 10 Business Days after the last day of such Interest Period). 
 Section 2.09. Fees. (a) Commitment Fee. Altria agrees to pay to JPMCB, as Administrative Agent, for the account of each Lender a commitment fee on the aggregate undrawn amount of
such Lender’s Commitment from the date hereof in the case of each Initial Lender and from the effective date specified in the Assignment and Acceptance pursuant to which it became a Lender in the case of each other Lender until the Termination
Date at the Applicable Commitment Fee Rate, in each case payable on the last day of each March, June, September and December until the Termination Date and on the Termination Date. 
 (b) Agent’s Fees. Altria shall pay to JPMCB, as Administrative Agent, for its own account such fees as may from
time to time be agreed between Altria and such Agent. 
 Section 2.10. Termination or Reduction of the Commitments.
Altria shall have the right, upon at least three Business Days’ notice to JPMCB, as Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided that
each partial reduction shall be in the aggregate amount of no less than $50,000,000 or the remaining balance if less than $50,000,000; and provided further that the aggregate amount of the Commitments of the Lenders shall not be
reduced to an amount that is less than the aggregate principal amount of the Competitive Bid Advances then outstanding. 
 Section 2.11. Prepayments. (a) Optional Prepayment of Pro Rata Advances. Each Borrower may, in the case of any LIBO Rate Advance, upon at least three Business Days’ notice to JPMCB, as Administrative Agent, or,
in the case of any Base Rate Advance, upon

  

 23 

 
notice given to JPMCB, as Administrative Agent, not later than 9:00 A.M. (New York City time) on the date of the proposed prepayment, in each case stating the proposed date and aggregate
principal amount of the prepayment, and if such notice is given such Borrower shall, prepay the outstanding principal amount of the Pro Rata Advances comprising part of the same Pro Rata Borrowing in whole or ratably in part, together with accrued
interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of no less than $50,000,000 or the remaining balance if less
than $50,000,000 and (y) in the event of any such prepayment of a LIBO Rate Advance, such Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(b). 
 (b) Mandatory Prepayment. The Borrower shall, on each Business Day, prepay an aggregate principal amount of the
Advances equal to the amount by which (A) the aggregate principal amount of the Advances then outstanding exceeds (B) the aggregate of the Commitments (after giving effect to any Competitive Bid Reduction) on such Business Day. Prepayments
under this Section 2.11(b) shall be allocated first to Base Rate Advances, ratably; any excess amount shall then be allocated to LIBO Rate Advances, in such manner as the Borrower shall determine; and any remaining amount shall be allocated to
Competitive Bid Advances, in such manner as the Borrower shall determine. 
 Each prepayment made pursuant to this
Section 2.11(b) shall be made together with any interest accrued to the date of such prepayment on the principal amounts prepaid and, in the case of any prepayment of a LIBO Rate Advance or a Floating Rate Bid Advance on a date other than the
last day of an Interest Period or at its maturity, any additional amounts which such Borrower shall be obligated to reimburse to the Lenders in respect thereof pursuant to Section 9.04(b). JPMCB, as Administrative Agent, shall give prompt
notice of any prepayment required under this Section 2.11(b) to the Borrowers and the Lenders. 
 Section 2.12.
Increased Costs. (a) Costs from Change in Law or Authorities. If, due to either (i) the introduction of or any change (other than any change by way of imposition or increase of reserve requirements to the extent such change
is included in the Eurodollar Rate Reserve Percentage) in or in the interpretation of any law or regulation or (ii) the compliance with any guideline or request from any central bank or other governmental authority (whether or not having the
force of law), there shall be any increase in the cost to any Lender of agreeing to make or making, funding or maintaining LIBO Rate Advances or Floating Rate Bid Advances (excluding for purposes of this Section 2.12 any such increased costs
resulting from (i) Taxes or Other Taxes (as to which Section 2.15 shall govern) and (ii) changes in the basis of taxation of overall net income or overall gross income by the United States or by the foreign jurisdiction or state under
the laws of which such Lender is organized or has its Applicable Lending Office or any political subdivision thereof), then the Borrower of the affected Advances shall from time to time, upon demand by such Lender (with a copy of such demand to
JPMCB, as Administrative Agent), pay to JPMCB, as Administrative Agent, for the account of such Lender additional amounts sufficient to compensate such Lender for such increased cost; provided, however, that before making any such
demand, each Lender agrees to use reasonable efforts (consistent with

  

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its internal policy and legal and regulatory restrictions) to designate a different Applicable Lending Office if the making of such a designation would avoid the need for, or reduce the amount
of, such increased cost and would not, in the reasonable judgment of such Lender, be otherwise disadvantageous to such Lender. A certificate as to the amount of such increased cost, submitted to Altria, such Borrower and JPMCB, as Administrative
Agent, by such Lender, shall be conclusive and binding for all purposes, absent manifest error. 
 (b)
Reduction in Lender’s Rate of Return. In the event that, after the date hereof, the implementation of or any change in any law or regulation, or any guideline or directive (whether or not having the force of law) or the interpretation or
administration thereof by any central bank or other authority charged with the administration thereof, imposes, modifies or deems applicable any capital adequacy or similar requirement (including, without limitation, a request or requirement which
affects the manner in which any Lender allocates capital resources to its commitments, including its obligations hereunder) and as a result thereof, in the sole opinion of such Lender, the rate of return on such Lender’s capital as a
consequence of its obligations hereunder is reduced to a level below that which such Lender could have achieved but for such circumstances, but reduced to the extent that Borrowings are outstanding from time to time, then in each such case, upon
demand from time to time Altria shall pay to such Lender such additional amount or amounts as shall compensate such Lender for such reduction in rate of return; provided that, in the case of each Lender, such additional amount or amounts
shall not exceed 0.15 of 1% per annum of such Lender’s Commitment. A certificate of such Lender as to any such additional amount or amounts shall be conclusive and binding for all purposes, absent manifest error. Except as provided below,
in determining any such amount or amounts each Lender may use any reasonable averaging and attribution methods. Notwithstanding the foregoing, each Lender shall take all reasonable actions to avoid the imposition of, or reduce the amounts of, such
increased costs, provided that such actions, in the reasonable judgment of such Lender, will not be otherwise disadvantageous to such Lender, and, to the extent possible, each Lender will calculate such increased costs based upon the capital
requirements for its Commitment hereunder and not upon the average or general capital requirements imposed upon such Lender. 
 Section 2.13. Illegality. (a) Notwithstanding any other provision of this Agreement, if any Lender shall notify JPMCB, as Administrative Agent, that the introduction of or any change in, or in the interpretation of, any law
or regulation makes it unlawful, or any central bank or other governmental authority asserts that it is unlawful, for any Lender or its Eurodollar Lending Office to perform its obligations hereunder to make LIBO Rate Advances or Floating Rate Bid
Advances or to fund or maintain LIBO Rate Advances or Floating Rate Bid Advances, (a) each LIBO Rate Advance or Floating Rate Bid Advances, as the case may be, will automatically, upon such demand, be Converted into a Base Rate Advance or an
Advance that bears interest at the rate set forth in Section 2.04(a)(i), as the case may be, and (b) the obligation of the Lenders to make LIBO Rate Advances or Floating Rate Bid Advances or to Convert Base Rate Advances into LIBO Rate
Advances shall be suspended, in each case, until JPMCB, as Administrative Agent, shall notify Altria and the Lenders that the circumstances causing such

  

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suspension no longer exist; provided, however, that before making any such demand, each Lender agrees to use reasonable efforts (consistent with its internal policy and legal and
regulatory restrictions) to designate a different Eurodollar Lending Office if the making of such a designation would allow such Lender or its Eurodollar Lending Office to continue to perform its obligations to make LIBO Rate Advances or Floating
Rate Bid Advances or to continue to fund or maintain LIBO Rate Advances or Floating Rate Bid Advances, as the case may be, and would not, in the judgment of such Lender, be otherwise disadvantageous to such Lender. 
 (b) Notwithstanding any other provision of this Agreement, if any Lender notifies Altria and JPMCB, as Administrative Agent,
that it is unlawful for such Lender or its Applicable Lending Office to make Advances to a Designated Subsidiary organized outside the United States due to the jurisdiction of organization of such Designated Subsidiary, then, in each case,
(i) the obligation of such Lender to make such Advances shall be suspended until JPMCB, as Administrative Agent, shall notify Altria and the Lenders that the circumstances causing such suspension no longer exist and (ii) the relevant
aggregate Commitments shall be temporarily reduced by the amount of such Lender’s share of the Commitments affected by such illegality for the duration of the suspension with respect to such Advances; provided, however, that each
Lender agrees to (x) use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to designate a different Applicable Lending Office if the making of such a designation would allow such Lender or its
Applicable Lending Office to continue to perform its obligations to make Advances and would not, in the judgment of such Lender, be otherwise disadvantageous to such Lender and (y) to make Advances to a different Borrower designated by Altria
if the making of such designation would allow such Lender to continue to perform its obligations to make Advances. 
 Section 2.14. Payments and Computations. (a) Time and Distribution of Payments. Altria and each Borrower shall make each payment hereunder, without set-off or counterclaim, not later than 11:00 A.M. (New York City
time) on the day when due to JPMCB, as Administrative Agent, at JPMCB’s Administrative Agent Account in same day funds. JPMCB, as Administrative Agent, will promptly thereafter cause to be distributed like funds relating to the payment of
principal or interest or commitment fees ratably (other than amounts payable pursuant to Section 2.07, 2.12, 2.15 or 9.04(b)) to the Lenders for the account of their respective Applicable Lending Offices, and like funds relating to the payment
of any other amount payable to any Lender to such Lender for the account of its Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. From and after the effective date of an Assignment and Acceptance
pursuant to Section 9.07, JPMCB, as Administrative Agent, shall make all payments hereunder in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all
appropriate adjustments in such payments for periods prior to such effective date directly between themselves. 
 (b) Computation of Interest and Fees. All computations of interest on Base Rate Advances shall be made by JPMCB, as Administrative Agent, on the basis of a year of 365 or 366 days, as the case may be. All computations of interest on
LIBO Rate

  

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Advances and of commitment fees shall be made by JPMCB, as Administrative Agent and all computations of interest pursuant to Section 2.05 shall be made by a Lender, on the basis of a year of
360 days, and all computations of interest in respect of Competitive Bid Advances shall be made by JPMCB, as Administrative Agent, as specified in the applicable Notice of Competitive Bid Notice, in each case for the actual number of days (including
the first day but excluding the last day) occurring in the period for which such interest or commitment fees are payable. Each determination by JPMCB, as Administrative Agent (or, in the case of Section 2.05 by a Lender), of an interest rate
hereunder shall be conclusive and binding for all purposes, absent manifest error. 
 (c) Payment Due
Dates. Whenever any payment hereunder shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of
payment of interest or commitment fee, as the case may be; provided, however, that if such extension would cause payment of interest on or principal of LIBO Rate Advances or Floating Rate Bid Advances to be made in the next following
calendar month, such payment shall be made on the immediately preceding Business Day. 
 (d) Presumption of
Borrower Payment. Unless JPMCB, as Administrative Agent, receives notice from any Borrower prior to the date on which any payment is due to the Lenders hereunder that such Borrower will not make such payment in full, JPMCB, as Administrative
Agent, may assume that such Borrower has made such payment in full to JPMCB, as Administrative Agent, on such date and JPMCB, as Administrative Agent, may, in reliance upon such assumption, cause to be distributed to each Lender on such due date an
amount equal to the amount then due such Lender. If and to the extent such Borrower has not made such payment in full to JPMCB, as Administrative Agent, each Lender shall repay to JPMCB, as Administrative Agent, forthwith on demand such amount
distributed to such Lender together with interest thereon, for each day from the date such amount is distributed to such Lender until the date such Lender repays such amount to JPMCB, as Administrative Agent, at the Federal Funds Effective Rate.

 Section 2.15. Taxes. (a) Any and all payments by Altria and each Borrower hereunder shall be made, in
accordance with Section 2.14, free and clear of and without deduction for any and all present or future taxes, levies, imposts, deductions, charges or withholdings, and all liabilities with respect thereto, excluding, (i) in the
case of each Lender and JPMCB, as Administrative Agent, taxes imposed on its net income, and franchise taxes imposed on it, by the jurisdiction under the laws of which such Lender or JPMCB, as Administrative Agent (as the case may be), is organized
or any political subdivision thereof, (ii) in the case of each Lender, taxes imposed on its net income, and franchise taxes imposed on it, by the jurisdiction of such Lender’s Applicable Lending Office or any political subdivision thereof,
(iii) in the case of each Lender and JPMCB, as Administrative Agent, taxes imposed on its net income, franchise taxes imposed on it, and any tax imposed by means of withholding to the extent such tax is imposed solely as a result of a present
or former connection (other than the execution, delivery and performance of this Agreement or a Note) between the Lender or

  

 27 

 
JPMCB, as Administrative Agent, as the case may be, and the taxing jurisdiction, and (iv) in the case of each Lender and JPMCB, as Administrative Agent, taxes imposed by the United States by
means of withholding tax if and to the extent that such taxes shall be in effect and shall be applicable on the date hereof to payments to be made to such Lender’s Applicable Lending Office or to JPMCB, as Administrative Agent (all such
non-excluded taxes, levies, imposts, deductions, charges, withholdings and liabilities in respect of payments hereunder being hereinafter referred to as “Taxes”). If any Borrower or Altria shall be required by law to deduct any
Taxes from or in respect of any sum payable hereunder to any Lender or JPMCB, as Administrative Agent, (i) the sum payable shall be increased as may be necessary so that after making all required deductions (including deductions applicable to
additional sums payable under this Section 2.15) such Lender or JPMCB, as Administrative Agent (as the case may be), receives an amount equal to the sum it would have received had no such deductions been made, (ii) such Borrower or Altria
shall make such deductions and (iii) such Borrower shall pay the full amount deducted to the relevant taxation authority or other authority in accordance with applicable law. 
 (b) In addition, each Borrower or Altria shall pay any present or future stamp or documentary taxes or any other excise or
property taxes, charges or similar levies that arise from any payment made hereunder or from the execution, delivery or registration of, performing under, or otherwise with respect to, this Agreement (hereinafter referred to as “Other
Taxes”). 
 (c) Each Borrower and Altria shall indemnify each Lender and JPMCB, as Administrative Agent,
for and hold it harmless against the full amount of Taxes or Other Taxes (including, without limitation, Taxes and Other Taxes imposed by any jurisdiction on amounts payable under this Section 2.15) paid by such Lender or JPMCB, as
Administrative Agent (as the case may be), and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes or Other Taxes were correctly or legally asserted. This indemnification
shall be made within 30 days from the date such Lender or JPMCB, as Administrative Agent (as the case may be), makes written demand therefor. 
 (d) Within 30 days after the date of any payment of Taxes, each Borrower and Altria shall furnish to JPMCB, as Administrative Agent, at its address referred to in Section 9.02, the original or a
certified copy of a receipt evidencing such payment. If any Borrower or Altria determines that no Taxes are payable in respect thereof, such Borrower or Altria shall, at the request of JPMCB, as Administrative Agent, furnish or cause the payor to
furnish, JPMCB, as Administrative Agent, and each Lender an opinion of counsel reasonably acceptable to JPMCB, as Administrative Agent, stating that such payment is exempt from Taxes. 
 (e) Each Lender, on or prior to the date of its execution and delivery of this Agreement in the case of each Initial Lender
and on the date of the Assignment and Acceptance pursuant to which it becomes a Lender in the case of each other Lender, shall provide each of JPMCB, as Administrative Agent, Altria and such Borrower with any

  

 28 

 
form or certificate that is required by any taxing authority (including, if applicable, two original Internal Revenue Service Forms W-9, W-8BEN or W-8ECI, as appropriate, or any successor or
other form prescribed by the Internal Revenue Service), certifying that such Lender is exempt from or entitled to a reduced rate of Home Jurisdiction Withholding Taxes on payments pursuant to this Agreement. Thereafter, each such Lender shall
provide additional forms or certificates (i) to the extent a form or certificate previously provided has become inaccurate or invalid or has otherwise ceased to be effective or (ii) as requested in writing by any Borrower, Altria or JPMCB,
as Administrative Agent. Unless the Borrowers, Altria and JPMCB, as Administrative Agent, have received forms or other documents satisfactory to them indicating that payments hereunder are not subject to Home Jurisdiction Withholding Taxes or are
subject to Home Jurisdiction Withholding Taxes at a rate reduced by an applicable tax treaty, such Borrower, Altria or JPMCB, as Administrative Agent, shall withhold taxes from such payments at the applicable statutory rate in the case of payments
to or for any Lender. 
 (f) Any Lender claiming any additional amounts payable pursuant to this
Section 2.15 agrees to use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to select or change the jurisdiction of its Applicable Lending Office if the making of such a selection or change would
avoid the need for, or reduce the amount of, any such additional amounts that may thereafter accrue and would not, in the reasonable judgment of such Lender, be otherwise economically disadvantageous to such Lender. 
 (g) No additional amounts will be payable pursuant to this Section 2.15 with respect to (i) any Home Jurisdiction
Withholding Taxes that would not have been payable had the Lender provided the relevant forms or other documents pursuant to Section 2.15(e); or (ii) in the case of an Assignment and Acceptance by a Lender to an Eligible Assignee, any Home
Jurisdiction Withholding Taxes that exceed the amount of such Home Jurisdiction Withholding Taxes that are imposed prior to such Assignment and Acceptance, unless such Assignment and Acceptance resulted from the demand of Altria. 
 (h) If any Lender or JPMCB, as Administrative Agent, as the case may be, obtains a refund of any Tax for which payment has
been made pursuant to this Section 2.15, which refund in the good faith judgment of such Lender or JPMCB, as Administrative Agent, as the case may be, (and without any obligation to disclose its tax records) is allocable to such payment made
under this Section 2.15, the amount of such refund (together with any interest received thereon and reduced by reasonable costs incurred in obtaining such refund) promptly shall be paid to the Borrower to the extent payment has been made in
full by the Borrower pursuant to this Section 2.15. 
 Section 2.16. Sharing of Payments, Etc. If any Lender
shall obtain any payment (whether voluntary, involuntary, through the exercise of any right of set-off, or otherwise) on account of the Pro Rata Advances owing to it (other than pursuant to Section 2.12, 2.15 or

  

 29 

 
9.04(b)) in excess of its ratable share of payments on account of the Pro Rata Advances obtained by all the Lenders, such Lender shall forthwith purchase from the other Lenders such
participations in the Pro Rata Advances made by them as shall be necessary to cause such purchasing Lender to share the excess payment ratably with each of them; provided, however, that if all or any portion of such excess payment is
thereafter recovered from such purchasing Lender, such purchase from each Lender shall be rescinded and such Lender shall repay to the purchasing Lender the purchase price to the extent of such recovery together with an amount equal to such
Lender’s ratable share (according to the proportion of (i) the amount of such Lender’s required repayment to (ii) the total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the
purchasing Lender in respect of the total amount so recovered. Each Borrower agrees that any Lender so purchasing a participation from another Lender pursuant to this Section 2.16 may, to the fullest extent permitted by law, exercise all its
rights of payment (including the right of set-off) with respect to such participation as fully as if such Lender were the direct creditor of such Borrower in the amount of such participation. 
 Section 2.17. Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a
Defaulting Lender, JPMCB, as Administrative Agent, shall deliver written notice to such effect, upon JPMCB, as Administrative Agent’s, obtaining knowledge of such event, to Altria and such Defaulting Lender, and the following provisions shall
apply for so long as such Lender is a Defaulting Lender: 
 (a) fees shall cease to accrue on the undrawn portion
of the Commitment of such Defaulting Lender pursuant to Section 2.09(a). 
 (b) the Commitments of such
Defaulting Lender shall not be included in determining whether all Lenders or the Required Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to Section 9.01), provided that any
waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that affects such Defaulting Lender differently than other affected Lenders shall require the consent of such Defaulting Lender. 
 (c) any amount payable to such Defaulting Lender hereunder (whether on account of principal, interest, fees or otherwise and
including any amount that would otherwise be payable to such Defaulting Lender pursuant to Section 2.16) shall, in lieu of being distributed to such Defaulting Lender, subject to any applicable requirements of law, be applied (i) first, to
the payment of any amounts owing by such Defaulting Lender to JPMCB, as Administrative Agent, hereunder, (ii) second, to the funding of any Advance in respect of which such Defaulting Lender has failed to fund its portion thereof as required by
this Agreement, as determined by JPMCB, as Administrative Agent, and (iii) third, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction. 
 In the event that JPMCB, as Administrative Agent, and Altria each agrees that a Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender or

  

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upon receipt by JPMCB, as Administrative Agent, of the confirmation referred to in clause (c) of the definition of “Defaulting Lender”, as applicable, then on such date such Lender
shall purchase at par such portion of the Advances of the other Lenders as JPMCB, as Administrative Agent, shall determine may be necessary in order for such Lender to hold such Advances ratably in accordance with its respective Commitment.

 Section 2.18. Evidence of Debt. (a) Lender Records; Pro Rata Notes. Each Lender shall maintain in
accordance with its usual practice an account or accounts evidencing the indebtedness of each Borrower to such Lender resulting from each Pro Rata Advance owing to such Lender from time to time, including the amounts of principal and interest
payable and paid to such Lender from time to time hereunder in respect of Pro Rata Advances. Each Borrower shall, upon notice by any Lender to such Borrower (with a copy of such notice to JPMCB, as Administrative Agent) to the effect that a Pro Rata
Note is required or appropriate in order for such Lender to evidence (whether for purposes of pledge, enforcement or otherwise) the Pro Rata Advances owing to, or to be made by, such Lender, promptly execute and deliver to such Lender a Pro Rata
Note payable to the order of such Lender in a principal amount up to the Commitment of such Lender. 
 (b)
Record of Borrowings, Payables and Payments. The Register maintained by JPMCB, as Administrative Agent, pursuant to Section 9.07(d) shall include a control account, and a subsidiary account for each Lender, in which accounts (taken
together) shall be recorded as follows: 
 (i) the date and amount of each Borrowing made hereunder, the Type of
Advances comprising such Borrowing and, if appropriate, the Interest Period applicable thereto; 
 (ii) the terms
of each Assignment and Acceptance delivered to and accepted by it; 
 (iii) the amount of any principal or
interest due and payable or to become due and payable from each Borrower to each Lender hereunder; and 
 (iv)
the amount of any sum received by JPMCB, as Administrative Agent, from the Borrowers hereunder and each Lender’s share thereof. 
 (c) Evidence of Payment Obligations. Entries made in good faith by JPMCB, as Administrative Agent, in the Register pursuant to Section 2.18(b), and by each Lender in its account or accounts
pursuant to Section 2.18(a), shall be prima facie evidence of the amount of principal and interest due and payable or to become due and payable from each Borrower to, in the case of the Register, each Lender and, in the case of
such account or accounts, such Lender, under this Agreement, absent manifest error; provided, however, that the failure of JPMCB, as Administrative Agent, or such Lender to make an entry, or any finding that an entry is incorrect, in
the Register or such account or accounts shall not limit or otherwise affect the obligations of any Borrower under this Agreement. 
  

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 Section 2.19. Use of Proceeds. The proceeds of the Advances shall be available
(and each Borrower agrees that it shall use such proceeds) for general corporate purposes of Altria and its Subsidiaries. 
 ARTICLE III 
 CONDITIONS TO EFFECTIVENESS AND LENDING 
 Section 3.01. Conditions Precedent to Effectiveness. This Agreement shall become effective on and as of the first date (the
“Effective Date”) on which the following conditions precedent have been satisfied: 
 (a) Altria
shall have notified each Lender and JPMCB, as Administrative Agent, in writing as to the proposed Effective Date. 
 (b) On the Effective Date, the following statements shall be true and JPMCB, as Administrative Agent, shall have received for the account of each Lender a certificate signed by a duly authorized officer of Altria, dated the Effective Date,
stating that: 
 (i) the representations and warranties contained in Section 4.01 are correct on and as of
the Effective Date, and 
 (ii) no event has occurred and is continuing that constitutes a Default or Event of
Default. 
 (c) JPMCB, as Administrative Agent, shall have received on or before the Effective Date copies of the
letter from Altria dated on or before such day, terminating in whole the commitments of the banks party to the Existing Loan Agreement. 
 (d) Prior to or simultaneously with the Effective Date, Altria shall have satisfied all of its obligations under the Existing Loan Agreement including, without limitation, the payment of all loans,
accrued interest and fees under the Existing Loan Agreement. 
 (e) JPMCB, as Administrative Agent, shall have
received on or before the Effective Date the following, each dated such day, in form and substance satisfactory to JPMCB, as Administrative Agent: 
 (i) Certified copies of the resolutions of the Board of Directors of Altria approving this Agreement, and of all documents evidencing other necessary corporate action and governmental approvals, if any,
with respect to this Agreement. 
 (ii) A certificate of the Secretary or an Assistant Secretary of Altria
certifying the names and true signatures of the officers of Altria authorized to sign this Agreement and the other documents to be delivered hereunder. 
  

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 (iii) Favorable opinions of counsel (which may be in-house counsel) for
Altria, substantially in the form of Exhibits F-1 and F-2 hereto. 
 (iv) An executed Guarantee. 
 (v) Certified copies of the resolutions of the Board of Directors of the Guarantor approving the Guarantee, and of all
documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guarantee. 
 (vi) A certificate of the Secretary or an Assistant Secretary of the Guarantor certifying the names and true signatures of the officers of the Guarantor authorized to sign the Guarantee and the other
documents to be delivered in connection therewith. 
 (vii) Favorable opinion of counsel (which may be in-house
counsel) for Guarantor, substantially in the form of Exhibit F-3 hereto. 
 (viii) A favorable opinion of Simpson
Thacher & Bartlett LLP, counsel for JPMCB, as Administrative Agent, substantially in the form of Exhibit H hereto. 
 (f) This Agreement shall have been executed by Altria and JPMCB and Citibank, as Administrative Agents, and JPMCB, as Administrative Agent, shall have been notified by each Initial Lender that such
Initial Lender has executed this Agreement. 
 JPMCB, as Administrative Agent, shall notify Altria and the Initial Lenders of the date which is
the Effective Date upon satisfaction of all of the conditions precedent set forth in this Section 3.01. For purposes of determining compliance with the conditions specified in this Section 3.01, each Lender 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 the Lenders unless an officer of JPMCB, as Administrative Agent,
responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that Altria, by notice to the Lenders, designates as the proposed Effective Date, specifying its objection thereto.

 Section 3.02. Initial Advance to Each Designated Subsidiary. The obligation of each Lender to make an initial
Advance to each Designated Subsidiary following any designation of such Designated Subsidiary as a Borrower hereunder pursuant to Section 9.08 is subject to the receipt by JPMCB, as Administrative Agent, on or before the date of such initial
Advance of each of the following, in form and substance satisfactory to JPMCB, as Administrative Agent, and dated such date, and in sufficient copies for each Lender: 
 (a) Certified copies of the resolutions of the Board of Directors of such Designated Subsidiary (with a certified English
translation if the original thereof is not in

  

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English) approving this Agreement, and of all documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement. 
 (b) A certificate of a proper officer of such Designated Subsidiary certifying the names and true signatures of the officers
of such Designated Subsidiary authorized to sign this Agreement and the other documents to be delivered hereunder. 
 (c) A certificate signed by a duly authorized officer of the Designated Subsidiary, dated as of the date of such initial Advance, certifying that such Designated Subsidiary shall have obtained all governmental and third party
authorizations, consents, approvals (including exchange control approvals) and licenses required under applicable laws and regulations necessary for such Designated Subsidiary to execute and deliver this Agreement and to perform its obligations
thereunder. 
 (d) The Designation Agreement of such Designated Subsidiary, substantially in the form of Exhibit
D hereto. 
 (e) A favorable opinion of counsel (which may be in-house counsel) to such Designated Subsidiary,
dated the date of such initial Advance, covering, to the extent customary and appropriate for the relevant jurisdiction, the opinions outlined on Exhibit G hereto. 
 (f) Such other approvals, opinions or documents as any Lender, through JPMCB, as Administrative Agent, may reasonably
request. 
 Section 3.03. Conditions Precedent to Each Pro Rata Borrowing. The obligation of each Lender to make a
Pro Rata Advance on the occasion of each Pro Rata Borrowing is subject to the conditions precedent that the Effective Date shall have occurred and on the date of such Pro Rata Borrowing the following statements shall be true, and the acceptance by
the Borrower of the proceeds of such Pro Rata Borrowing shall be a representation by such Borrower or Altria, as the case may be, that: 
 (a) the representations and warranties contained in Section 4.01 (except the representations set forth in the last sentence of subsection (e) and in subsection (f) thereof (other than
clause (i) thereof)) are correct on and as of the date of such Pro Rata Borrowing, before and after giving effect to such Pro Rata Borrowing and to the application of the proceeds therefrom, as though made on and as of such date, and, if such
Pro Rata Borrowing shall have been requested by a Designated Subsidiary, the representations and warranties of such Designated Subsidiary contained in its Designation Agreement are correct on and as of the date of such Pro Rata Borrowing, before and
after giving effect to such Pro Rata Borrowing and to the application of the proceeds therefrom, as though made on and as of such date; 
 (b) after giving effect to the application of the proceeds of all Borrowings on such date (together with any other resources of the Borrower applied together therewith)

  

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no event has occurred and is continuing, or would result from such Pro Rata Borrowing, that constitutes a Default or Event of Default; and 
 (c) if such Pro Rata Borrowing is in an aggregate principal amount equal to or greater than $500,000,000 and is being made in
connection with any purchase of shares of such Borrower’s or Altria’s capital stock or the capital stock of any other Person, or any purchase of all or substantially all of the assets of any Person (whether in one transaction or a series
of transactions) or any transaction of the type referred to in Section 5.02(b), the statement in (b) above shall also be true on a pro forma basis as if such transaction or purchase shall have been completed. 
 Section 3.04. Conditions Precedent to Each Competitive Bid Borrowing. The obligation of each Lender that is to make a
Competitive Bid Advance on the occasion of a Competitive Bid Borrowing is subject to the conditions precedent that (i) JPMCB, as Administrative Agent, shall have received the written confirmatory Notice of Competitive Bid Borrowing with respect
thereto, (ii) on or before the date of such Competitive Bid Borrowing, but prior to such Competitive Bid Borrowing, JPMCB, as Administrative Agent, shall have received a Competitive Bid Note payable to the order of such Lender for each of the
one or more Competitive Bid Advances to be made by such Lender as part of such Competitive Bid Borrowing, in a principal amount equal to the principal amount of the Competitive Bid Advance to be evidenced thereby and otherwise on such terms as were
agreed to for such Competitive Bid Advance in accordance with Section 2.07, and (iii) on the date of such Competitive Bid Borrowing the following statements shall be true, and the acceptance by the Borrower of the proceeds of such
Competitive Bid Borrowing shall be a representation by such Borrower or Altria, as the case may be, that: 
 (a)
the representations and warranties contained in Section 4.01 are correct on and as of the date of such Competitive Bid Borrowing, before and after giving effect to such Competitive Bid Borrowing and to the application of the proceeds therefrom,
as though made on and as of such date, and, if such Competitive Bid Borrowing shall have been requested by a Designated Subsidiary, the representations and warranties of such Designated Subsidiary contained in its Designation Agreement are correct
on and as of the date of such Competitive Bid Borrowing, before and after giving effect to such Competitive Bid Borrowing and to the application of the proceeds therefrom, as though made on and as of such date, and 
 (b) after giving effect to the application of the proceeds of all Borrowings on such date (together with any other resources
of the Borrower applied together therewith), no event has occurred and is continuing, or would result from such Competitive Bid Borrowing that constitutes a Default or Event of Default. 
  

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 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES 
 Section 4.01. Representations and
Warranties of Altria. Altria represents and warrants as follows: 
 (a) It is a corporation duly organized,
validly existing and in good standing under the laws of Virginia. 
 (b) The execution, delivery and performance
of this Agreement and the Notes to be delivered by it are within its corporate powers, have been duly authorized by all necessary corporate action, and do not contravene (i) its charter or by-laws or (ii) in any material respect, any law,
rule, regulation or order of any court or governmental agency or any contractual restriction binding on or affecting it. 
 (c) No authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body is required for the due execution, delivery and performance by it of
this Agreement or the Notes to be delivered by it. 
 (d) This Agreement is, and each of the Notes to be
delivered by it when delivered hereunder will be, a legal, valid and binding obligation of Altria enforceable against Altria in accordance with its terms, subject to the effect of any applicable bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium and other laws affecting creditors’ rights generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law) and an implied
covenant of good faith and fair dealing. 
 (e) As reported in Altria’s Quarterly Report on Form 10-Q for
the quarterly period ended September 30, 2009, the unaudited condensed consolidated balance sheet of Altria and its Subsidiaries as of September 30, 2009 and the unaudited condensed consolidated statement of earnings of Altria and its
Subsidiaries for the nine months then ended fairly present, in all material respects, the consolidated financial position of Altria and its Subsidiaries as at such date and the consolidated results of the operations of Altria and its Subsidiaries
for the nine months ended on such date, all in accordance with accounting principles generally accepted in the United States. Except as disclosed in Altria’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2009,
and in any Current Report on Form 8-K filed subsequent to September 30, 2009 but prior to the Effective Date, since September 30, 2009 there has been no material adverse change in such position or operations. 
 (f) There is no pending or threatened action or proceeding affecting it or any of its Subsidiaries before any court,
governmental agency or arbitrator (a “Proceeding”) (i) that purports to affect the legality, validity or enforceability of this Agreement or (ii) except for Proceedings disclosed in Altria’s Annual Report on Form 10-K
for the year

  

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ended December 31, 2008, Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2009, June 30, 2009 and September 30, 2009, any Current Report on Form
8-K filed subsequent to September 30, 2009 but prior to the Effective Date and, with respect to Proceedings commenced after the date of the most recent such document but prior to the Effective Date, a certificate delivered to the Lenders, that
may materially adversely affect the financial position or results of operations of Altria and its Subsidiaries taken as a whole. 
 (g) It owns directly or indirectly 100% of the capital stock of each other Borrower. 
 (h) None of the proceeds of any Advance will be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or for the purpose of reducing or retiring any indebtedness which
was originally incurred to purchase or carry any Margin Stock or for any other purpose that would constitute the Advances as a “purpose credit” within the meaning of Regulation U and, in each case, would constitute a violation of
Regulation U. 
 ARTICLE V 
 COVENANTS OF ALTRIA 
 Section 5.01. Affirmative Covenants. So long as
any Advance shall remain unpaid or any Lender shall have any Commitment hereunder, Altria will: 
 (a)
Compliance with Laws, Etc. Comply, and cause each Major Subsidiary to comply, in all material respects, with all applicable laws, rules, regulations and orders (such compliance to include, without limitation, complying with ERISA and paying
before the same become delinquent all taxes, assessments and governmental charges imposed upon it or upon its property except to the extent contested in good faith), noncompliance with which would materially adversely affect the financial condition
or operations of Altria and its Subsidiaries taken as a whole. 
 (b) Maintenance of Ratios. 

(i) Maintenance of Ratio of Debt to EBITDA. Maintain a ratio of aggregate consolidated Debt as of the last day of
the most recent fiscal quarter for which consolidated financial statements have been delivered pursuant to Section 5.01(c)(i) or (ii) hereof to Consolidated EBITDA for the four consecutive fiscal quarter period ending on such date of not
more than 3.0 to 1.0. 
 (ii) Maintenance of Ratio of Consolidated EBITDA to Consolidated Interest
Expense. Maintain a ratio of Consolidated EBITDA for the four most recent fiscal quarters for which consolidated financial statements have been

  

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delivered pursuant to Section 5.01(c)(i) or (ii) hereof to Consolidated Interest Expense for such four most recent fiscal quarters of not less than 4.0 to 1.0. 
 (c) Reporting Requirements. Furnish to the Lenders: 
 (i) as soon as available and in any event within 60 days after the end of each of the first three quarters of each fiscal
year of Altria, an unaudited interim condensed consolidated balance sheet of Altria and its Subsidiaries as of the end of such quarter and unaudited interim condensed consolidated statements of earnings of Altria and its Subsidiaries for the period
commencing at the end of the previous fiscal year and ending with the end of such quarter, certified by the chief financial officer of Altria; 
 (ii) as soon as available and in any event within 100 days after the end of each fiscal year of Altria, a copy of the consolidated financial statements for such year for Altria and its Subsidiaries,
audited by PricewaterhouseCoopers LLP (or other independent auditors which, as of the date of this Agreement, are one of the “big four” accounting firms); 
 (iii) all reports which Altria sends to any of its shareholders, and copies of all reports on Form 8-K (or any successor
forms adopted by the Securities and Exchange Commission) which Altria files with the Securities and Exchange Commission; 
 (iv) as soon as possible and in any event within five days after the occurrence of each Event of Default and each Default, continuing on the date of such statement, a statement of the chief financial
officer or treasurer of Altria setting forth details of such Event of Default or Default and the action which Altria has taken and proposes to take with respect thereto; 
 (v) within 60 days of the end of each fiscal quarter of Altria, a statement of the chief financial officer or treasurer of
Altria certifying compliance with the requirements of Section 5.01(b) and setting forth the relevant calculations; and 
 (vi) such other historical information respecting the condition or operations, financial or otherwise, of Altria or any Major Subsidiary as any Lender through JPMCB, as Administrative Agent, may from time
to time reasonably request. 
 In lieu of furnishing the Lenders the items referred to in clauses (i), (ii) and (iii) above, Altria
may make such items available on the internet at www.altria.com (which website includes an option to subscribe to a free service alerting subscribers by e-mail of new Securities and Exchange Commission filings) or any successor or replacement
website thereof, or by similar electronic means. 
  

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 Section 5.02. Negative Covenants. So long as any Advance shall remain unpaid or
any Lender shall have any Commitment hereunder, Altria will not: 
 (a) Liens, Etc. Create or suffer to
exist, or permit any Major Subsidiary to create or suffer to exist, any lien, security interest or other charge or encumbrance (other than operating leases and licensed intellectual property), or any other type of preferential arrangement
(“Liens”), upon or with respect to any of its properties, whether now owned or hereafter acquired, or assign, or permit any Major Subsidiary to assign, any right to receive income, in each case to secure or provide for the payment
of any Debt of any Person, other than: 
 (i) Liens upon or in property acquired or held by it or any Major
Subsidiary in the ordinary course of business to secure the purchase price of such property or to secure indebtedness incurred solely for the purpose of financing the acquisition of such property; 
 (ii) Liens existing on property at the time of its acquisition (other than any such lien or security interest created in
contemplation of such acquisition); 
 (iii) Liens existing on the date hereof securing Debt; 
 (iv) Liens on property financed through the issuance of industrial revenue bonds in favor of the holders of such bonds or any
agent or trustee therefor; 
 (v) Liens existing on property of any Person acquired by Altria or any Major
Subsidiary; 
 (vi) Liens securing Debt in an aggregate amount not in excess of 15% of Consolidated Tangible
Assets; 
 (vii) Liens upon or with respect to Margin Stock; 
 (viii) Liens in favor of Altria or any Major Subsidiary; 
 (ix) Liens in connection with leasing, sale and leaseback and structured finance transactions conducted in the ordinary
course of business of Philip Morris Capital Corporation, provided that any such Liens that secure the payment of Debt are without recourse to the general credit or assets of Altria and its Major Subsidiaries; 
 (x) precautionary Liens provided by Altria or any Major Subsidiary in connection with the sale, assignment, transfer or other
disposition of assets by Altria or such Major Subsidiary which transaction is determined by the Board of Directors of Altria or such Major Subsidiary to constitute a “sale” under accounting principles generally accepted in the United
States; or 
  

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 (xi) any extension, renewal or replacement of the foregoing, provided
that (A) such Lien does not extend to any additional assets (other than a substitution of like assets), and (B) the amount of Debt secured by any such Lien is not increased. 
 (b) Mergers, Etc. Consolidate with or merge into, or convey or transfer its properties and assets substantially as an
entirety to, any Person, or permit any Subsidiary directly or indirectly owned by it to do so, unless, immediately after giving effect thereto, no Default or Event of Default would exist and, in the case of any merger or consolidation to which it is
a party, the surviving corporation is Altria or was a Subsidiary of Altria immediately prior to such merger or consolidation, which is organized and existing under the laws of the United States of America or any State thereof, or the District of
Columbia. The surviving corporation of any merger or consolidation involving Altria or any other Borrower shall assume all of Altria’s or such Borrower’s obligations under this Agreement (including without limitation with respect to
Altria’s obligations, the covenants set forth in Article V) by the execution and delivery of an instrument in form and substance satisfactory to the Required Lenders. 
 ARTICLE VI 
 EVENTS OF DEFAULT 
 Section 6.01. Events of Default. Each of the following events (each an “Event of Default”) shall constitute an Event
of Default: 
 (a) Any Borrower or Altria shall fail to pay any principal of any Advance when the same becomes
due and payable; or any Borrower shall fail to pay interest on any Advance, or Altria shall fail to pay any fees payable under Section 2.09, within ten days after the same becomes due and payable; or 
 (b) Any representation or warranty made or deemed to have been made by any Borrower or Altria herein or by any Borrower or
Altria (or any of their respective officers) in connection with this Agreement shall prove to have been incorrect in any material respect when made or deemed to have been made; or 
 (c) Any Borrower or Altria shall fail to perform or observe (i) any term, covenant or agreement contained in
Section 5.01(b) or 5.02(b), (ii) any term, covenant or agreement contained in Section 5.02(a) if such failure shall remain unremedied for 15 days after written notice thereof shall have been given to Altria by JPMCB, as Administrative
Agent, or any Lender or (iii) any other term, covenant or agreement contained in this Agreement on its part to be performed or observed if such failure shall remain unremedied for 30 days after written notice thereof shall have been given to
Altria by JPMCB, as Administrative Agent, or any Lender; or 
  

 40 

 (d) Any Borrower or Altria or any Major Subsidiary shall fail to pay any
principal of or premium or interest on any Debt which is outstanding in a principal amount of at least $100,000,000 in the aggregate (but excluding Debt arising under this Agreement) of such Borrower or Altria or such Major Subsidiary (as the case
may be), when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or
instrument relating to such Debt unless adequate provision for any such payment has been made in form and substance satisfactory to the Required Lenders; or any Debt of any Borrower or Altria or any Major Subsidiary which is outstanding in a
principal amount of at least $100,000,000 in the aggregate (but excluding Debt arising under this Agreement) shall be declared to be due and payable, or required to be prepaid (other than by a scheduled required prepayment), redeemed, purchased or
defeased, or an offer to prepay, redeem, purchase or defease such Debt shall be required to be made, in each case prior to the stated maturity thereof unless adequate provision for the payment of such Debt has been made in form and substance
satisfactory to the Required Lenders; or 
 (e) Any Borrower or Altria or any Major Subsidiary shall generally
not pay its debts as such debts become due, or shall admit in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or any proceeding shall be instituted by or against any Borrower or
Altria or any Major Subsidiary seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts under any law relating to bankruptcy,
insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, or other similar official for it or for any substantial part of its property, and, in the case of any such
proceeding instituted against it (but not instituted by it), either such proceeding shall remain undismissed or unstayed for a period of 60 days or any of the actions sought in such proceeding (including, without limitation, the entry of an order
for relief against it or the appointment of a receiver, trustee, custodian or other similar official for it or for any of its property constituting a substantial part of the property of Altria and its Subsidiaries taken as a whole) shall occur; or
any Borrower or any Major Subsidiary shall take any corporate action to authorize any of the actions set forth above in this subsection (e); or 
 (f) Any judgment or order for the payment of money in excess of $100,000,000 shall be rendered against any Borrower or Altria or any Major Subsidiary and there shall be any period of 60 consecutive days
during which a stay of enforcement of such unsatisfied judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; provided that such 60-day stay period shall be extended for a period not to exceed an additional 120
days if (i) Altria, such Borrower or such Major Subsidiary is contesting such judgment or enforcement of such judgment in good faith, unless, with respect only to judgments or orders rendered outside the United States, such action is not
reasonably required to protect its respective assets from levy or garnishment, and (ii) no assets with a fair market value in excess of $100,000,000 of Altria, such Borrower or

  

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such Major Subsidiary have been levied upon or garnished to satisfy such judgment; provided, further, that such 60-day stay period shall be further extended for any judgment or
order rendered outside the United States until such time as the conditions in clauses (i) or (ii) are no longer satisfied; or 
 (g) Any Borrower, Altria or any ERISA Affiliate shall incur, or shall be reasonably likely to incur, liability in excess of $500,000,000 in the aggregate as a result of one or more of the following:
(i) the occurrence of any ERISA Event; (ii) the partial or complete withdrawal of any Borrower, Altria or any ERISA Affiliate from a Multiemployer Plan; or (iii) the reorganization or termination of a Multiemployer Plan;
provided, however, that no Default or Event of Default under this Section 6.01(g) shall be deemed to have occurred if the Borrower, Altria or any ERISA Affiliate shall have made arrangements satisfactory to the PBGC or the
Required Lenders to discharge or otherwise satisfy such liability (including the posting of a bond or other security); or 
 (h) So long as any Subsidiary of Altria is a Designated Subsidiary, the guaranty provided by Altria under Article VIII hereof shall for any reason cease to be valid and binding on Altria or Altria shall
so state in writing. 
 Section 6.02. Lenders’ Rights upon Event of Default. If an Event of Default occurs or
is continuing, then JPMCB, as Administrative Agent, shall at the request, or may with the consent, of the Required Lenders, by notice to Altria and the Borrowers: 
 (a) declare the obligation of each Lender to make further Advances to be terminated, whereupon the same shall forthwith
terminate, and 
 (b) declare all the Advances then outstanding, all interest thereon and all other amounts
payable under this Agreement to be forthwith due and payable, whereupon the Advances then outstanding, all such interest and all such amounts shall become and be forthwith due and payable, without presentment, demand, protest or further notice of
any kind, all of which are hereby expressly waived by the Borrowers; 
 provided, however, that in the event of an actual or
deemed entry of an order for relief with respect to any Borrower under the Federal Bankruptcy Code, (i) the obligation of each Lender to make Advances shall automatically be terminated and (ii) the Advances then outstanding, all such
interest and all such amounts shall automatically become and be due and payable, without presentment, demand, protest or any notice of any kind, all of which are hereby expressly waived by the Borrowers. 
 ARTICLE VII 
 THE
ADMINISTRATIVE AGENTS 
 Section 7.01. Authorization and Action. Each Lender hereby appoints and authorizes the
Administrative Agents to take such action as agent on its behalf and to exercise

  

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such powers and discretion under this Agreement as are delegated to the Administrative Agents by the terms hereof, together with such powers and discretion as are reasonably incidental thereto.
As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Notes), the Administrative Agents shall not be required to exercise any discretion or take any action, but shall be
required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders, and such instructions shall be binding upon all Lenders and all holders of Notes;
provided, however, that no Administrative Agent shall be required to take any action that exposes such Administrative Agent to personal liability or that is contrary to this Agreement or applicable law. Each of the Administrative
Agents agrees to give to each Lender prompt notice of each notice given to it by any Borrower as required by the terms of this Agreement or at the request of such Borrower, and any notice provided pursuant to Section 5.01(c)(iv). No
Administrative Agent shall have, by reason hereof, a fiduciary relationship in respect of any Lender; and nothing herein, expressed or implied, is intended to or shall be so construed as to impose upon any Administrative Agent any obligations in
respect hereof except as expressly set forth herein. 
 Section 7.02. Administrative Agents’ Reliance, Etc.
Neither the Administrative Agents nor any of their directors, officers, agents or employees shall be liable for any action taken or omitted to be taken by it or them under or in connection with this Agreement, except for its or their own gross
negligence or willful misconduct. Without limitation of the generality of the foregoing, the Administrative Agents: 
 (a) may treat the Lender that made any Advance as the holder of the Debt resulting therefrom until JPMCB, as Administrative Agent, receives and accepts an Assignment and Acceptance entered into by such Lender, as assignor, and an Eligible
Assignee, as assignee, as provided in Section 9.07; 
 (b) may consult with legal counsel (including counsel
for Altria or any Borrower), independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or
experts; 
 (c) make no warranty or representation to any Lender and shall not be responsible to any Lender for
any statements, warranties or representations (whether written or oral) made in or in connection with this Agreement; 
 (d) shall not have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement on the part of any Borrower or to inspect the property (including the books and
records) of such Borrower; 
 (e) shall not be responsible to any Lender for the due execution, legality,
validity, enforceability, genuineness, sufficiency or value of this Agreement or any other instrument or document furnished pursuant hereto; and 
  

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 (f) shall incur no liability under or in respect of this Agreement by acting
upon any notice, consent, certificate or other instrument or writing (which may be by telecopier, telegram or telex) believed by it to be genuine and signed or sent by the proper party or parties. 
 Section 7.03. JPMCB, Citibank and Affiliates. With respect to its Commitment and the Advances made by it, each of JPMCB and
Citibank shall have the same rights and powers under this Agreement as any other Lender and may exercise the same as though it were not an Administrative Agent; and the term “Lender” or “Lenders” shall, unless otherwise expressly
indicated, include JPMCB and Citibank in their individual capacities. JPMCB and Citibank and their 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, any Borrower, any of its Subsidiaries and any Person who may do business with or own securities of any Borrower or any such Subsidiary, all as if JPMCB and Citibank were not Administrative Agents and without any
duty to account therefor to the Lenders. 
 Section 7.04. Lender Credit Decision. Each Lender acknowledges that it
has, independently and without reliance upon either Administrative Agent, any Syndication Agent, any Documentation Agent, or any other Lender and based on the financial statements referred to in Section 4.01 and such other documents and
information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon any Administrative Agent, Syndication Agent,
Documentation 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 this Agreement. 
 Section 7.05. Indemnification. The Lenders agree to indemnify each Administrative Agent solely in its capacity as Administrative
Agent (to the extent not reimbursed by the Borrowers), ratably according to the respective principal amounts of the Pro Rata Advances then owing to each of them (or if no Pro Rata Advances are at the time outstanding, ratably according to the
respective amounts of their Commitments), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on,
incurred by, or asserted against such Administrative Agent in any way relating to or arising out of this Agreement or any action taken or omitted by such Administrative Agent under this Agreement (collectively, the “Indemnified
Costs”), provided that no Lender shall be liable for any portion of the Indemnified Costs to the extent resulting from such Administrative Agent’s gross negligence or willful misconduct as found in a final, non-appealable
judgment by a court of competent jurisdiction. Without limitation of the foregoing, each Lender agrees to reimburse such Administrative Agent promptly upon demand for its ratable share of any out-of-pocket expenses (including counsel fees) incurred
by such Administrative Agent in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or
responsibilities under, this Agreement, to the extent that such Administrative Agent is not reimbursed for such expenses by the Borrowers. In the case of any investigation, litigation or

  

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proceeding giving rise to any Indemnified Costs, this Section 7.05 applies whether any such investigation, litigation or proceeding is brought by any Administrative Agent, any Lender or a
third party. 
 Section 7.06. Successor Administrative Agents. An Administrative Agent may resign at any time by
giving written notice thereof to the Lenders and Altria and may be removed at any time with or without cause by the Required Lenders. Upon the resignation or removal of JPMCB, as Administrative Agent, Citibank, as Administrative Agent, shall succeed
to and become vested with all the rights, powers, discretion, privileges and duties of JPMCB, as Administrative Agent, and JPMCB, as Administrative Agent shall be discharged from its duties and obligations under this Agreement. Upon any other such
resignation or removal which results in there being no Administrative Agent hereunder, the Required Lenders shall have the right to appoint a successor Administrative Agent. If no successor Administrative Agent shall have been so appointed by the
Required Lenders, and shall have accepted such appointment, within 30 days after the retiring Administrative Agent’s giving of notice of resignation or the Required Lenders’ removal of the retiring Administrative Agent, then the retiring
Administrative Agent may, on behalf of the Lenders, appoint a successor Administrative Agent, which shall be a commercial bank organized under the laws of the United States of America or of any State thereof and having a combined capital and surplus
of at least $500,000,000. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Administrative Agent, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights, powers,
discretion, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations under this Agreement. After any retiring Administrative Agent’s resignation or
removal hereunder as Administrative Agent, the provisions of this Article VII 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. 
 Section 7.07. Syndication Agents and Documentation Agents. Barclays Capital, the investment banking division of Barclays Bank
PLC, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Goldman Sachs Credit Partners L.P. have been designated as Syndication Agents, and Banco Santander, S.A., New York Branch, The Bank of Nova Scotia, HSBC Bank USA, National
Association, Morgan Stanley Senior Funding, Inc. and The Royal Bank of Scotland plc have been designated as Documentation Agents, but the use of such titles does not impose on any of them any duties or obligations greater than those of any other
Lender. 
 ARTICLE VIII 
 GUARANTY 
 Section 8.01. Guaranty. Altria hereby unconditionally and
irrevocably guarantees as primary obligor and not as surety (the undertaking of Altria contained in this Article VIII being the “Guaranty”) the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of
all obligations of each Borrower now or hereafter existing under this Agreement, whether for principal, interest, fees, expenses or otherwise (such obligations being the “Obligations”), and any and all expenses (including counsel
fees and expenses)

  

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incurred by JPMCB, as Administrative Agent, or the Lenders in enforcing any rights under the Guaranty. The Guaranty is a guaranty of payment and not of collection. 
 Section 8.02. Guaranty Absolute. Altria guarantees that the Obligations will be paid strictly in accordance with the terms of
this Agreement, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of JPMCB, as Administrative Agent, or the Lenders with respect thereto. The liability of Altria under
this Guaranty shall be absolute and unconditional irrespective of: 
 (a) any lack of validity, enforceability or
genuineness of any provision of this Agreement or any other agreement or instrument relating thereto; 
 (b) any
change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to departure from this Agreement; 
 (c) any exchange, release or non-perfection of any collateral, or any release or amendment or waiver of or consent to
departure from any other guaranty, for all or any of the Obligations; or 
 (d) any other circumstance which
might otherwise constitute a defense available to, or a discharge of, a Borrower or Altria. 
 This Guaranty shall continue to
be effective or be reinstated, as the case may be, if at any time any payment of any of the Obligations is rescinded or must otherwise be returned by JPMCB, as Administrative Agent, or any Lender upon the insolvency, bankruptcy or reorganization of
a Borrower or otherwise, all as though such payment had not been made. 
 Section 8.03. Waivers. (a) Altria
hereby waives promptness, diligence, notice of acceptance and any other notice with respect to any of the Obligations and this Guaranty and any requirement that JPMCB, as Administrative Agent, or any Lender protect, secure, perfect or insure any
security interest or lien or any property subject thereto or exhaust any right or take any action against a Borrower or any other Person or any collateral. 
 (b) Altria hereby irrevocably waives any claims or other rights that it may now or hereafter acquire against any Borrower that arise from the existence, payment, performance or enforcement of
Altria’s obligations under this Guaranty or this Agreement, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of JPMCB, as
Administrative Agent, or any Lender against such Borrower or any collateral, whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or receive from such
Borrower, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right. If any amount shall be paid to Altria in violation of the preceding sentence at any time
prior to the later of the cash payment in full of the Obligations and all other amounts payable under this Guaranty

  

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and the Termination Date, such amount shall be held in trust for the benefit of JPMCB, as Administrative Agent, and the Lenders and shall forthwith be paid to JPMCB, as Administrative Agent, to
be credited and applied to the Obligations and all other amounts payable under this Guaranty, whether matured or unmatured, in accordance with the terms of this Agreement and this Guaranty, or to be held as collateral for any Obligations or other
amounts payable under this Guaranty thereafter arising. Altria acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by this Agreement and this Guaranty and that the waiver set forth in this
Section 8.03(b) is knowingly made in contemplation of such benefits. 
 Section 8.04. Continuing Guaranty. This
Guaranty is a continuing guaranty and shall (a) remain in full force and effect until payment in full (after the Termination Date) of the Obligations and all other amounts payable under this Guaranty, (b) be binding upon Altria, its
successors and assigns, and (c) inure to the benefit of and be enforceable by the Lenders, JPMCB, as Administrative Agent, and their respective successors, transferees and assigns. 
 ARTICLE IX 
 MISCELLANEOUS 
 Section 9.01. Amendments, Etc. No amendment or waiver of any provision of this Agreement, nor consent to any departure by any
Borrower or Altria therefrom, shall in any event be effective unless the same shall be in writing and signed by the Required Lenders, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for
which given; provided, however, that no amendment, waiver or consent shall, unless in writing and signed by all the Lenders affected thereby, do any of the following: (a) waive any of the conditions specified in Sections 3.01 and
3.02, (b) increase the Commitments of the Lenders or subject the Lenders to any additional obligations, (c) reduce the principal of, or interest on, the Pro Rata Advances or any fees or other amounts payable hereunder, (d) postpone
any date fixed for any payment of principal of, or interest on, the Pro Rata Advances or any fees or other amounts payable hereunder, (e) change the percentage of the Commitments or of the aggregate unpaid principal amount of the Pro Rata
Advances, or the number of Lenders, that shall be required for the Lenders or any of them to take any action hereunder, (f) release Altria from any of its obligations under Article VIII or (g) amend this Section 9.01; provided
further that no waiver of the conditions specified in Section 3.04 in connection with any Competitive Bid Borrowing shall be effective unless consented to by all Lenders making Competitive Bid Advances as part of such Competitive Bid
Borrowing; and provided further that no amendment, waiver or consent shall, unless in writing and signed by JPMCB, as Administrative Agent, in addition to the Lenders required above to take such action, affect the rights or duties of
JPMCB, as Administrative Agent, under this Agreement or any Pro Rata Advance. 
 Section 9.02. Notices, Etc.
(a) Addresses. Unless otherwise specified herein, all notices and other communications provided for hereunder shall be in writing (including electronic communication) and mailed, telecopied, or delivered, as follows: 
  

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 if to Altria: 
 Altria Group, Inc. 
 6601 West Broad Street 
 Richmond, Virginia 23230 
 Attention: Vice President and Treasurer 
 Fax number: (804) 484-8886; 
 with a copy to: 
 Altria Client Services Inc. 
 6601 West Broad Street 
 Richmond, Virginia 23230 
 Attention: Treasury Management – Back Office 
 Fax number: (804) 274-4596; 
 if to Altria, as guarantor: 
 Altria Group, Inc. 
 6601 West Broad Street 
 Richmond, Virginia 23230 
 Attention: Corporate Secretary 
 Fax number: (804) 484-8265 
 if to any Initial Lender, at its Domestic Lending Office specified opposite its name on Schedule I hereto; 
 if to any other Lender, at its Domestic Lending Office specified in the Assignment and Acceptance pursuant to which it became a Lender;

 if to JPMCB, as Administrative Agent: 
 c/o JPMorgan Chase Bank, N.A. 
 270 Park Avenue, 4th Floor 
 New York, New York 10017 
 Attention: Client Credit Manager 
 Fax number: (212) 270-6637; 
 with a copy to: 
 JPMorgan Chase Bank, N.A. 
 Loan and Agency 
 1111 Fannin Street, 10th Floor 
 Houston, Texas 77002 
 Attention: Account Manager – 
 Fax number: (713) 750- 2956; 
  

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 as to any Borrower, Altria or JPMCB, as Administrative Agent, at such other address as shall be designated
by such party in a written notice to the other parties and, as to each other party, at such other address as shall be designated by such party in a written notice to Altria and JPMCB, as Administrative Agent. 
 (b) Effectiveness of Notices. All such notices and communications shall, when mailed or telecopied, be effective when deposited in
the mail or telecopied, respectively, except that notices and communications to JPMCB, as Administrative Agent, pursuant to Article II, III or VII shall not be effective until received by JPMCB, as Administrative Agent. Delivery by telecopier of an
executed counterpart of any amendment or waiver of any provision of this Agreement or of any Exhibit hereto to be executed and delivered hereunder shall be effective as delivery of a manually executed counterpart thereof. 
 Section 9.03. No Waiver; Remedies. No failure on the part of any Lender or JPMCB, as Administrative Agent, to exercise, and no
delay in exercising, any right hereunder or under any Note shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies
herein provided are cumulative and not exclusive of any remedies provided by law. 
 Section 9.04. Costs and
Expenses. (a) Administrative Agent; Enforcement. Altria agrees to pay on demand all reasonable costs and expenses in connection with the preparation, execution, delivery, administration (excluding any cost or expenses for
administration related to the overhead of JPMCB, as Administrative Agent), modification and amendment of this Agreement and the documents to be delivered hereunder, including, without limitation, the reasonable fees and out-of-pocket expenses of
counsel for JPMCB, as Administrative Agent, with respect thereto and with respect to advising JPMCB, as Administrative Agent, as to its rights and responsibilities under this Agreement, and all costs and expenses of the Lenders and JPMCB, as
Administrative Agent, if any (including, without limitation, reasonable counsel fees and expenses of the Lenders and JPMCB, as Administrative Agent), in connection with the enforcement (whether through negotiations, legal proceedings or otherwise)
of this Agreement and the other documents to be delivered hereunder. 
 (b) Prepayment of LIBO Rate Advances or Floating Rate
Bid Advances. If any payment of principal of any LIBO Rate Advance or Floating Rate Bid Advance is made other than on the last day of the Interest Period for such Advance or at its maturity, as a result of a payment pursuant to
Section 2.11, acceleration of the maturity of the Advances pursuant to Section 6.02, an assignment made as a result of a demand by Altria pursuant to Section 9.07(a) or for any other reason, Altria shall, upon demand by any Lender
(with a copy of such demand to JPMCB, as Administrative Agent), pay to JPMCB, as Administrative Agent, for the account of such Lender any amounts required to compensate such Lender for any additional losses, costs or expenses which it may reasonably
incur as a result of such payment, including, without limitation, any loss (excluding loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by any Lender to fund or
maintain such Advance. Without prejudice to the survival of any other agreement of any Borrower hereunder, the agreements and obligations of each Borrower contained in Section

  

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2.02(c), 2.05, 2.12, 2.15 and this Section 9.04(b) shall survive the payment in full of principal and interest hereunder. 
 (c) Indemnification. Each Borrower and Altria jointly and severally agree to indemnify and hold harmless the Administrative Agents
and each Lender and each of their respective affiliates, control persons, directors, officers, employees, attorneys and agents (each, an “Indemnified Party”) from and against any and all claims, damages, losses, liabilities and
expenses (including, without limitation, reasonable fees and disbursements of counsel) which may be incurred by or asserted against any Indemnified Party, in each case in connection with or arising out of, or in connection with the preparation for
or defense of, any investigation, litigation, or proceeding (i) related to any transaction or proposed transaction (whether or not consummated) in which any proceeds of any Borrowing are applied or are proposed to be applied, directly or
indirectly, by any Borrower, whether or not such Indemnified Party is a party to such transaction or (ii) related to any Borrower’s or Altria’s entering into this Agreement or the credit facility established hereby, or to any actions
or omissions of any Borrower or Altria or any of its or their respective officers, directors, employees or agents in connection therewith, in each case whether or not an Indemnified Party is a party thereto and whether or not such investigation,
litigation or proceeding is brought by Altria or any Borrower or any other Person; provided, however, that neither any Borrower nor Altria shall be required to indemnify any such Indemnified Party from or against any portion of such
claims, damages, losses, liabilities or expenses that is found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnified Party. 
 Section 9.05. Right of Set-Off. Upon (i) the occurrence and during the continuance of any Event of Default and
(ii) the making of the request or the granting of the consent specified by Section 6.02 to authorize JPMCB, as Administrative Agent, to declare the Advances due and payable pursuant to the provisions of Section 6.02, each Lender is
hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time
owing by such Lender to or for the credit or the account of Altria or any Borrower against any and all of the obligations of any Borrower or Altria now or hereafter existing under this Agreement, whether or not such Lender shall have made any demand
under this Agreement and although such obligations may be unmatured. Each Lender shall promptly notify the appropriate Borrower or Altria, as the case may be, after any such set-off and application, provided that the failure to give such
notice shall not affect the validity of such set-off and application. The rights of each Lender and its affiliates under this Section 9.05 are in addition to other rights and remedies (including, without limitation, other rights of set-off)
that such Lender and its affiliates may have. 
 Section 9.06. Binding Effect. This Agreement shall be binding upon
and inure to the benefit of Altria, JPMCB, as Administrative Agent, Citibank, as Administrative Agent, and each Lender and their respective successors and assigns, except that neither any Borrower nor Altria shall have the right to assign its rights
hereunder or any interest herein without the prior written consent of the Lenders. 
  

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 Section 9.07. Assignments and Participations. (a) Assignment of Lender
Obligations. Each Lender may and, if demanded by Altria upon at least five Business Days’ notice (or, in the case of a Defaulting Lender, at least three Business Days’ notice) to such Lender and JPMCB, as Administrative Agent, will
assign to one or more Persons all or a portion of its rights and obligations under this Agreement (including, without limitation, all or a portion of its Commitment and the Pro Rata Advances owing to it), subject to the following: 

(i) each such assignment shall be of a constant, and not a varying, percentage of all rights and obligations under this
Agreement (other than, except in the case of an assignment made as a result of a demand by Altria pursuant to this Section 9.07(a), any Competitive Bid Advances owing to such Lender or any Competitive Bid Notes held by it); 
 (ii) the amount of the Commitment of the assigning Lender being assigned pursuant to each such assignment (determined as of
the date of the Assignment and Acceptance with respect to such assignment) shall in no event be less than $10,000,000 (subject to reduction at the sole discretion of Altria) and shall be an integral multiple of $1,000,000; 
 (iii) each such assignment shall be to an Eligible Assignee; 
 (iv) each such assignment made as a result of a demand by Altria pursuant to this Section 9.07(a) shall be arranged by
Altria after consultation with JPMCB, as Administrative Agent, and shall be either an assignment of all of the rights and obligations of the assigning Lender under this Agreement or an assignment of a portion of such rights and obligations made
concurrently with another such assignment or other such assignments which together cover all of the rights and obligations of the assigning Lender under this Agreement; 
 (v) no Lender shall be obligated to make any such assignment as a result of a demand by Altria pursuant to this
Section 9.07(a) unless and until such Lender shall have received one or more payments from either the Borrowers to which it has outstanding Advances or one or more Eligible Assignees in an aggregate amount at least equal to the aggregate
outstanding principal amount of the Advances owing to such Lender, together with accrued interest thereon to the date of payment of such principal amount and all other amounts payable to such Lender under this Agreement; and 
 (vi) the parties to each such assignment shall execute and deliver to JPMCB, as Administrative Agent, for its acceptance and
recording in the Register, an Assignment and Acceptance, together with a processing and recordation fee of $3,500 payable by the assigning Lender, provided that, if such assignment is made as a result of a demand by Altria under this
Section 9.07(a), Altria shall pay or cause to be paid such $3,500 fee. 
  

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 Upon such execution, delivery, acceptance and recording, from and after the effective date specified in each
Assignment and Acceptance, (x) the assignee thereunder shall be a party hereto and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment and Acceptance, have the rights and obligations of a
Lender hereunder and (y) the assigning Lender thereunder shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (other than those provided under
Section 9.04) and be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lender’s rights and obligations under this Agreement, such
Lender shall cease to be a party hereto), other than Section 9.12. 
 (b) Assignment and Acceptance. By executing
and delivering an Assignment and Acceptance, the assigning Lender thereunder and the assignee thereunder confirm to and agree with each other and the other parties hereto as follows: (i) other than as provided in such Assignment and Acceptance,
such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement or the execution, legality, validity, enforceability,
genuineness, sufficiency or value of this Agreement or any other instrument or document furnished pursuant hereto; (ii) such assigning Lender makes no representation or warranty and assumes no responsibility with respect to the financial
condition of any Borrower or Altria or the performance or observance by any Borrower or Altria of any of its obligations under this Agreement or any other instrument or document furnished pursuant hereto; (iii) such assignee confirms that it
has received a copy of this Agreement, together with copies of the financial statements referred to in Section 4.01 and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into
such Assignment and Acceptance; (iv) such assignee will, independently and without reliance upon JPMCB, as Administrative Agent, such assigning Lender 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 this Agreement; (v) such assignee confirms that it is an Eligible Assignee; (vi) such assignee represents that (A) the source of any funds it
is using to acquire the assigning Lender’s interest or to make any Advance is not and will not be plan assets as defined under the regulations of the Department of Labor of any Plan subject to Title I of ERISA or Section 4975 of the
Internal Revenue Code or (B) the assignment or Advance is not and will not be a non-exempt prohibited transaction as defined in Section 406 of ERISA; (vii) such assignee appoints and authorizes JPMCB, as Administrative Agent, to take
such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to JPMCB, as Administrative Agent, by the terms hereof, together with such powers and discretion as are reasonably incidental
thereto; and (viii) such assignee agrees that it will perform in accordance with their terms all of the obligations that by the terms of this Agreement are required to be performed by it as a Lender. 
 (c) Agent’s Acceptance. Upon its receipt of an Assignment and Acceptance executed by an assigning Lender and an assignee
representing that it is an Eligible Assignee, together with any Pro Rata Note or Notes subject to such assignment, JPMCB, as Administrative Agent, shall, if such Assignment and Acceptance has been completed and is in substantially the form of

  

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Exhibit C hereto, (i) accept such Assignment and Acceptance, (ii) record the information contained therein in the Register and (iii) give prompt notice thereof to Altria.

 (d) Register. JPMCB, as Administrative Agent, shall maintain at its address referred to in Section 9.02 a copy of
each Assignment and Acceptance delivered to and accepted by it and a register for the recordation of the names and addresses of the Lenders and the Commitment of, and principal amount of the Advances owing to, each Lender from time to time (the
“Register”). The entries in the Register shall be conclusive and binding for all purposes, absent manifest error, and Altria, the Borrowers, JPMCB, as Administrative Agent, and the Lenders may treat each Person whose name is
recorded in the Register as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by Altria, any Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.

 (e) Sale of Participation. Each Lender may sell participations to one or more banks or other entities in or to all or
a portion of its rights and obligations under this Agreement (including, without limitation, all or a portion of its Commitment, the Advances owing to it and any Note or Notes held by it), subject to the following: 
 (i) such Lender’s obligations under this Agreement (including, without limitation, its Commitment to Altria hereunder)
shall remain unchanged, 
 (ii) such Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations, 
 (iii) Altria, the other Borrowers, JPMCB, as Administrative Agent, and the
other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement, and 
 (iv) no participant under any such participation shall have any right to approve any amendment or waiver of any provision of
this Agreement, or any consent to any departure by any Borrower or Altria therefrom, except to the extent that such amendment, waiver or consent would reduce the principal of, or interest on, the Advances or any fees or other amounts payable
hereunder, in each case to the extent subject to such participation, or postpone any date fixed for any payment of principal of, or interest on, the Advances or any fees or other amounts payable hereunder, in each case to the extent subject to such
participation. 
 (f) Disclosure of Information. Any Lender may, in connection with any assignment or participation or
proposed assignment or participation pursuant to this Section 9.07, disclose to the assignee or participant or proposed assignee or participant, any information relating to Altria or any Borrower furnished to such Lender by or on behalf of
Altria or any Borrower; provided that, prior to any such disclosure, the assignee or participant or proposed assignee or participant shall agree to preserve the confidentiality of any confidential information relating to Altria received by it
from such Lender by signing a confidentiality agreement substantially in the form attached hereto as Exhibit I or with terms no less restrictive than the provisions of Exhibit I. 
  

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 (g) Regulation A Security Interest. Notwithstanding any other provision set forth in
this Agreement, any Lender may at any time create a security interest in all or any portion of its rights under this Agreement (including, without limitation, the Advances owing to it and any Note or Notes held by it) in favor of any Federal Reserve
Bank in accordance with Regulation A. 
 Section 9.08. Designated Subsidiaries. (a) Designation. Altria
may at any time, and from time to time, by delivery to JPMCB, as Administrative Agent, of a Designation Agreement duly executed by Altria and the respective Subsidiary and substantially in the form of Exhibit D hereto, designate such Subsidiary as a
“Designated Subsidiary” for purposes of this Agreement and such Subsidiary shall thereupon become a “Designated Subsidiary” for purposes of this Agreement and, as such, shall have all of the rights and obligations of a Borrower
hereunder. JPMCB, as Administrative Agent, shall promptly notify each Lender of each such designation by Altria and the identity of the respective Subsidiary. 
 (b) Termination. Upon the payment and performance in full of all of the indebtedness, liabilities and obligations under this Agreement of any Designated Subsidiary then, so long as at the time no
Notice of Pro Rata Borrowing or Notice of Competitive Bid Borrowing in respect of such Designated Subsidiary is outstanding, such Subsidiary’s status as a “Designated Subsidiary” shall terminate upon notice to such effect from JPMCB,
as Administrative Agent, to the Lenders (which notice JPMCB, as Administrative Agent, shall give promptly, and only upon its receipt of a request therefor from Altria). Thereafter, the Lenders shall be under no further obligation to make any Advance
hereunder to such former Designated Subsidiary until such time as it has been redesignated a Designated Subsidiary by Altria pursuant to Section 9.08(a). 
 Section 9.09. Governing Law. This Agreement and the Notes shall be governed by, and construed in accordance with, the laws of the State of New York. 
 Section 9.10. Execution in Counterparts. This Agreement may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement
by telecopier shall be effective as delivery of a manually executed counterpart of this Agreement. 
 Section 9.11.
Jurisdiction, Etc. (a) Submission to Jurisdiction; Service of Process. Each of the parties hereto hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of any New York state
court or Federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement, or for recognition or enforcement of any judgment,
and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in any such New York state court or, to the extent permitted by law, in such Federal
court. Each Borrower irrevocably consents to the service of process in any action or proceeding in such courts by the mailing thereof by any parties hereto by registered or certified

  

 54 

 
mail, postage prepaid, to such Borrower at its address specified pursuant to Section 9.02. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be
conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that any party may otherwise have to serve legal process in any other manner
permitted by law or to bring any action or proceeding relating to this Agreement or the Notes in the courts of any jurisdiction. 
 (b) Waivers. Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or
proceeding arising out of or relating to this Agreement or the Notes in any New York state or Federal court. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, trial by jury in any legal action or proceeding relating to this Agreement or any other related
documents. 
 Section 9.12. Confidentiality. None of the Administrative Agents nor any Lender shall disclose any
confidential information relating to Altria or any Borrower to any other Person without the consent of Altria, other than (a) to such Administrative Agent’s or such Lender’s affiliates and their officers, directors, employees, agents
and advisors and, as contemplated by Section 9.07(f), to actual or prospective assignees and participants, and then, in each such case, only on a confidential basis and only to such Persons who need to know such information for the purpose of
evaluating, administering or monitoring this Agreement or the credit facility established hereby; provided, however, that such actual or prospective assignee or participant shall have been made aware of this Section 9.12 and shall
have agreed to be bound by its provisions as if it were a party to this Agreement, (b) as required by any law, rule or regulation or judicial process, and (c) as requested or required by any state, federal or foreign authority or examiner
regulating banks or banking or other financial institutions. Altria agrees that no confidentiality undertaking previously entered into by any Administrative Agent or Lender or any of its affiliates shall prohibit any disclosure expressly permitted
to be made by, and in accordance with, Section 9.07(f) and this Section 9.12. 
 Section 9.13.
Integration. This Agreement and the Notes represent the agreement of Altria, the other Borrowers, the Administrative Agents and the Lenders with respect to the subject matter hereof, and there are no promises, undertakings, representations or
warranties by the Administrative Agents, Altria, the other Borrowers or any Lender relative to the subject matter hereof not expressly set forth or referred to herein or in the Notes other than the matters referred to in Sections 2.09(b) and 9.04(a)
and except for confidentiality agreements entered into by each Lender in connection with this Agreement. 
 Section 9.14.
USA Patriot Act Notice. Each Administrative Agent and each Lender hereby notifies the Borrowers 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 Borrowers, which information

  

 55 

 
includes the name and address of each Borrower and other information that will allow such Lender to identify such Borrower in accordance with the Patriot Act. 
 Section 9.15. No Fiduciary Duty. Each Administrative Agent, each Lender and their affiliates (collectively, solely for purposes
of this paragraph, the “Lenders”), may have economic interests that conflict with those of Altria. Altria agrees that nothing in this Agreement will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other
implied duty between the Lenders and Altria, its stockholders or its affiliates. Altria further acknowledges and agrees that it is responsible for making its own independent judgment with respect to this Agreement and the process leading thereto.
Altria agrees that it will not claim that any Lender has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to Altria, in connection with this Agreement or the process leading thereto. 
 [Signature pages omitted.] 
  

 56 

 EXHIBIT A-1 - FORM OF 
 PRO RATA NOTE 
 Dated:
                    , 20         
 U.S.$                      
 FOR VALUE RECEIVED, the undersigned, [NAME OF BORROWER], a
                     corporation (the “Borrower”), HEREBY PROMISES TO PAY to the order of
             (the “Lender”) for the account of its Applicable Lending Office on the Termination Date (each as defined in the Credit Agreement referred to below) the
principal sum of U.S.$[amount of the Lender’s Commitment in figures] or, if less, the aggregate principal amount of the Pro Rata Advances outstanding on the Termination Date made by the Lender to the Borrower pursuant to the 364-Day Revolving
Credit Agreement, dated as of November 20, 2009 among Altria Group, Inc., the Lender and certain other lenders party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Administrative Agent for the Lender and such
other lenders (as amended or modified from time to time, the “Credit Agreement;” the terms defined therein being used herein as therein defined). 
 The Borrower promises to pay interest on the unpaid principal amount of each Pro Rata Advance from the date of such Pro Rata Advance until such principal amount is paid in full, at such interest rate, and
payable at such times, as are specified in the Credit Agreement. 
 Both principal and interest in respect of each Pro Rata
Advance are payable in Dollars to JPMCB, as Administrative Agent, for the account of the Lender at the office of JPMCB, located at 270 Park Avenue, New York, New York 10017, in same day funds. Each Pro Rata Advance owing to the Lender by the
Borrower pursuant to the Credit Agreement, and all payments made on account of principal thereof, shall be recorded by the Lender and, prior to any transfer hereof, endorsed on the grid attached hereto which is part of this Promissory Note.

 This Promissory Note is one of the Pro Rata Notes referred to in, and is entitled to the benefits of, the Credit Agreement.
The Credit Agreement, among other things, (i) provides for the making of Pro Rata Advances by the Lender to the Borrower from time to time in an aggregate amount not to exceed at any time outstanding the Dollar amount first above mentioned, the
indebtedness of the Borrower resulting from each such Pro Rata Advance being evidenced by this Promissory Note, and (ii) contains provisions for acceleration of the maturity hereof upon the happening of certain stated events and also for
prepayments on account of principal hereof prior to the maturity hereof upon the terms and conditions therein specified. 

 This Promissory Note shall be governed by, and construed in accordance with, the laws of the
State of New York. 
  

			
	[NAME OF BORROWER]
		
	By	 	  

		 	Name:
		 	Title:

  

 2 

 LOANS AND PAYMENTS OF PRINCIPAL 
  

													
	 Date
	  	 Type of
 Advance
	  	 Amount of
 Advance
	  	 Interest Rate
	  	 Amount of
 Principal
 Paid
 or Prepaid
	  	 Unpaid
 Principal
 Balance
	  	 Notation
 Made By

		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	

  

 3 

 EXHIBIT A-2 - FORM OF 
 COMPETITIVE BID NOTE 
 Dated:
                    , 20         
 U.S.$                      
 FOR VALUE RECEIVED, the undersigned, [NAME OF BORROWER], a
                     corporation (the “Borrower”), HEREBY PROMISES TO PAY to the order of
                     (the “Lender”) for the account of its Applicable Lending Office (as defined in the 364-Day Revolving
Credit Agreement, dated as of November 20, 2009 among Altria Group, Inc., the Lender and certain other lenders party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Administrative Agent for the Lender and such
other lenders (as amended or modified from time to time, the “Credit Agreement;” the terms defined therein being used herein as therein defined)), on
                    , 20        , the principal amount of
U.S.$[            ]. 
 The Borrower promises to pay interest
on the unpaid principal amount hereof from the date hereof until such principal amount is paid in full, at the interest rate and payable on the interest payment date or dates provided below: 
 Interest Rate Basis:
                             . 
 Day Count
Convention:                       . 
 Interest Payment Date(s):                    . 
 Both principal and interest are payable in Dollars to JPMCB, as Administrative Agent, for the account of the Lender at the office of JPMCB,
located at 270 Park Avenue, New York, New York 10017, in same day funds. 
 This Promissory Note is one of the Competitive Bid
Notes referred to in, and is entitled to the benefits of, the Credit Agreement. The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the happening of certain stated events. 
 The Borrower hereby waives presentment, demand, protest and notice of any kind. No failure to exercise, and no delay in exercising, any
rights hereunder on the part of the holder hereof shall operate as a waiver of such rights. 
 This Promissory Note shall be
governed by, and construed in accordance with, the laws of the State of New York. 
  

			
	[NAME OF BORROWER]
		
	By	 	  

		 	Name:
		 	Title:

 EXHIBIT B-1 - FORM OF NOTICE OF 
 PRO RATA BORROWING 
 [Date]                                       
              
 JPMorgan Chase Bank, N.A., as Administrative Agent 

for the Lenders party 
 to the Credit Agreement 
 referred to below 
 Attention:                      
 Ladies and Gentlemen: 
 [NAME OF BORROWER], refers to the 364-Day Revolving Credit
Agreement, dated as of November 20, 2009 (as amended or modified from time to time, the “Credit Agreement,” the terms defined therein being used herein as therein defined), among Altria Group, Inc., the Lenders party thereto
and JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Administrative Agent for such Lenders, and hereby gives you notice, irrevocably, pursuant to Section 2.02 of the Credit Agreement that the undersigned hereby requests a
Pro Rata Borrowing under the Credit Agreement, and in that connection sets forth below the information relating to such Pro Rata Borrowing (the “Proposed Pro Rata Borrowing”) as required by Section 2.02(a) of the Credit
Agreement: 
 (i) The date of the Proposed Pro Rata Borrowing is
            , 20        . 
 (ii) The Type of Advances comprising the Proposed Pro Rata Borrowing is [Base Rate Advances] [LIBO Rate Advances]. 
 (iii) The aggregate amount of the Proposed Pro Rata Borrowing is
U.S.$[            ]. 
 [(iv) The initial
Interest Period for each LIBO Rate Advance made as part of the Proposed Pro Rata Borrowing is [one week] [             month(s)].] 
 The undersigned, as applicable, hereby certifies that the following statements are true on the date hereof, and will be true on the date of
the Proposed Pro Rata Borrowing: 
 (A) the representations and warranties contained in Section 4.01 of the
Credit Agreement (except the representations set forth in the last sentence of subsection (e) thereof and in subsection (f) thereof (other than clause (i) thereof)) are correct, before and after giving effect to the Proposed Pro Rata
Borrowing and to the application of the proceeds therefrom, as though made on and as of such date; 

 [if the Borrower is a Designated Subsidiary: the representations and
warranties of such Designated Subsidiary contained in its Designation Agreement are correct, before and after giving effect to the Proposed Pro Rata Borrowing and to the application of the proceeds therefrom, as though made on and as of such date;]

 (B) after giving effect to the application of the proceeds of all Borrowings on the date of such Pro Rata
Borrowing (together with any other resources of the Borrower applied together therewith), no event has occurred and is continuing, or would result from such Pro Rata Borrowing, that constitutes a Default or Event of Default; 
 (C) if such Proposed Pro Rata Borrowing is in an aggregate principal amount equal to or greater than $500,000,000 and is
being made in connection with any purchase of shares of the Borrower’s capital stock or the capital stock of any other Person, or any purchase of all or substantially all of the assets of any Person (whether in one transaction or a series of
transactions) or any transaction of the type referred to in Section 5.02(b) of the Credit Agreement, the statement in clause (B) above will be true on a pro forma basis as if such transaction or purchase shall have been
completed; and 
 (D) the aggregate principal amount of the Proposed Pro Rata Borrowing and all other Borrowings
to be made on the same day under the Credit Agreement is within the aggregate unused Commitments of the Lenders. 
  

			
	Very truly yours,
	
	ALTRIA GROUP, INC.
		
	By	 	  

		 	Name:
		 	Title:
	
	[NAME OF BORROWER]
		
	By	 	  

		 	Name:
		 	Title:

  

 2 

 EXHIBIT B-2 - FORM OF NOTICE OF 
 COMPETITIVE BID BORROWING 
 [Date]                                       
                          
 JPMorgan Chase Bank, N.A., as Administrative Agent 
 for the Lenders party to the Credit Agreement 
 referred to below 
 Attention:
                     
 Ladies and
Gentlemen: 
 [NAME OF BORROWER], refers to the 364-Day Revolving Credit Agreement, dated as of November 20, 2009 (as
amended or modified from time to time, the “Credit Agreement,” the terms defined therein being used herein as therein defined), among Altria Group, Inc., the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative
Agent, Citibank, N.A., as Administrative Agent for such Lenders, and hereby gives you notice, irrevocably, pursuant to Section 2.07(b) of the Credit Agreement that the undersigned hereby requests a Competitive Bid Borrowing under the Credit
Agreement, and in that connection sets forth the terms on which such Competitive Bid Borrowing (the “Proposed Competitive Bid Borrowing”) is requested to be made: 
  

	 	(A)	Date of Competitive Bid Borrowing; 

  

	 	(B)	Amount of Competitive Bid Borrowing; 

  

	 	(C)	Interest rate basis; 

  

	 	(D)	Day count convention; 

  

	 	(E)	[Interest Period] [Maturity date]; 

  

	 	(F)	Interest payment date(s); 

  

	 	(G)	Borrower’s account location; 

  

	 	(H)	[other terms (if any)]. 

 The
undersigned, as applicable, hereby certifies that the following statements are true on the date hereof, and will be true on the date of the Proposed Competitive Bid Borrowing: 
 (a) the representations and warranties contained in Section 4.01 of the Credit Agreement are correct, before and after
giving effect to the Proposed Competitive Bid

 
Borrowing and to the application of the proceeds therefrom, as though made on and as of such date; 
 [if the Borrower is a Designated Subsidiary: the representations and warranties of such Designated Subsidiary contained in its Designation Agreement are correct, before and after giving effect to the
Proposed Competitive Bid Borrowing and to the application of the proceeds therefrom, as though made on and as of such date;] 
 (b) after giving effect to the application of the proceeds of all Borrowings on the date of such Competitive Bid Borrowing (together with any other resources of the Borrower applied together therewith),
no event has occurred and is continuing, or would result from such Proposed Competitive Bid Borrowing, that constitutes a Default or Event of Default; and 
 (c) the aggregate principal amount of the Proposed Competitive Bid Borrowing and all other Borrowings to be made on the same day under the Credit Agreement is within the aggregate unused Commitments of
the Lenders. 
 The undersigned hereby confirms that the Proposed Competitive Bid Borrowing is to be made available to it in
accordance with Section 2.07(e) of the Credit Agreement. 
  

			
	Very truly yours,
	
	ALTRIA GROUP, INC.
		
	By	 	  

		 	Name:
		 	Title:
	
	[NAME OF BORROWER]
		
	By	 	  

		 	Name:
		 	Title:

  

 2 

 EXHIBIT C - FORM OF 
 ASSIGNMENT AND ACCEPTANCE 
 Reference is made to the 364-Day
Revolving Credit Agreement, dated as of November 20, 2009 (as amended or modified from time to time, the “Credit Agreement,” the terms defined therein being used herein as therein defined), among Altria Group, Inc., a Virginia
corporation, the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Administrative Agent for such Lenders. 
 The “Assignor” and the “Assignee” referred to on Schedule 1 hereto agree as follows: 
 1. The Assignor hereby sells and assigns to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, an interest in and to the Assignor’s rights and obligations under the Credit
Agreement as of the date hereof (other than in respect of Competitive Bid Advances and Competitive Bid Notes) equal to the percentage interest specified on Schedule 1 hereto of all outstanding rights and obligations under the Credit Agreement (other
than in respect of Competitive Bid Advances and Competitive Bid Notes). After giving effect to such sale and assignment, the Assignee’s Commitment and the amount of the Pro Rata Advances owing to the Assignee will be as set forth on Schedule 1
hereto. Each of the Assignor and the Assignee represents and warrants that it is authorized to execute and deliver this Assignment and Acceptance. 
 2. The Assignor (i) represents and warrants that it is the legal and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim;
(ii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Credit Agreement or the execution, legality, validity, enforceability,
genuineness, sufficiency or value of the Credit Agreement or any other instrument or document furnished pursuant thereto; and (iii) makes no representation or warranty and assumes no responsibility with respect to the financial condition of any
Borrower or Altria or the performance or observance by any Borrower or Altria of any of its obligations under the Credit Agreement or any other instrument or document furnished pursuant thereto. 
 3. The Assignee (i) confirms that it has received a copy of the Credit Agreement, together with copies of the financial statements
referred to in Section 4.01 thereof and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance; (ii) agrees that it will, independently
and without reliance upon JPMCB, as Administrative Agent, any other Agent, the Assignor or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or
not taking action under the Credit Agreement; (iii) confirms that it is an Eligible Assignee; (iv) represents that (A) the source of any funds it is using to acquire the Assignor’s interest or to make any Advance is not and will
not be plan assets as defined under the regulations of the Department of Labor of any Plan subject to Title I of ERISA or Section 4975 of the Code or (B) the assignment or Advance is not and will be not be a non-exempt prohibited
transaction as defined in Section 406 of ERISA; (v) appoints and authorizes JPMCB, as Administrative Agent, to take such action as agent on its behalf and to exercise such powers and discretion under the Credit Agreement as are delegated
to JPMCB, as Administrative Agent, by the terms thereof, together with such powers

 
and discretion as are reasonably incidental thereto; and (vi) agrees that it will perform in accordance with their terms all of the obligations that by the terms of the Credit Agreement are
required to be performed by it as a Lender. 
 4. This Assignment and Acceptance will be delivered to JPMCB, as Administrative
Agent, for acceptance and recording by JPMCB, as Administrative Agent following its execution. The effective date for this Assignment and Acceptance (the “Effective Date”) shall be the date of acceptance hereof by JPMCB, as
Administrative Agent, unless otherwise specified on Schedule 1 hereto. 
 5. Upon such acceptance and recording by JPMCB, as
Administrative Agent, as of the Effective Date, (i) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a Lender thereunder and (ii) the
Assignor shall, to the extent provided in this Assignment and Acceptance, relinquish its rights and be released from its obligations under the Credit Agreement. 
 6. Upon such acceptance and recording by JPMCB, as Administrative Agent, from and after the Effective Date, JPMCB, as Administrative Agent, shall make all payments under the Credit Agreement in respect of
the interest assigned hereby (including, without limitation, all payments of principal, interest and commitment fees with respect thereto) to the Assignee. The Assignor and Assignee shall make all appropriate adjustments in payments under the Credit
Agreement for periods prior to the Effective Date directly between themselves. 
 7. This Assignment and Acceptance shall be
governed by, and construed in accordance with, the laws of the State of New York. 
 8. This Assignment and Acceptance may be
executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery
of an executed counterpart of Schedule 1 to this Assignment and Acceptance by telecopier shall be effective as delivery of a manually executed counterpart of this Assignment and Acceptance. 
 IN WITNESS WHEREOF, the Assignor and the Assignee have caused Schedule 1 to this Assignment and Acceptance to be executed by their officers
thereunto duly authorized as of the date specified thereon. 
  

 2 

 Schedule 1 
 to 
 Assignment and Acceptance 
  

					
	Percentage interest assigned:	 		 	            %
			
	Assignee’s Commitment:	 		 	U.S.$            
		
	Aggregate outstanding principal amount of Pro Rata Advances assigned:	 	U.S.$            
		
	Effective Date1:	 	                    , 20    

  

			
	[NAME OF ASSIGNOR], as Assignor
		
	By	 	  

		 	Title:
		
	Dated:	 	                    ,
20    
	
	[NAME OF ASSIGNEE], as Assignee
		
	By	 	  

		 	Title:
		
	Dated:	 	                    ,
20    
	
	Domestic Lending Office:
	      [Address]

 Accepted this 
                      day of
                    , 20     
  

			
	JPMORGAN CHASE BANK, N.A., as Administrative Agent
		
	 By
	 	  

		 	 Title:

 [Approved this
                     day 
 of
                    , 20     
  

	1	 This date should be no earlier than five Business Days after the delivery of this Assignment and Acceptance to JPMorgan Chase, as Administrative Agent.

			
	[NAME OF BORROWER]2
		
	By	 	  

		 	Title:

  

	2	 Required if the Assignee is an Eligible Assignee solely by reason of clause (viii) of the definition of “Eligible Assignee.”

  

 2 

 EXHIBIT D - FORM OF 
 DESIGNATION AGREEMENT 
  

					
	[Date]1

 JPMorgan Chase Bank, N.A., as Administrative Agent 

    for the Lenders party to the Credit Agreement 
     referred to below 
 Ladies and Gentlemen: 
 Reference is made to the 364-Day Revolving Credit
Agreement, dated as of November 20, 2009 (as amended or modified from time to time, the “Credit Agreement,” the terms defined therein being used herein as therein defined), among Altria Group, Inc., [certain other borrowers
party thereto], the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Administrative Agent for such Lenders. 
 Please be advised that Altria hereby designates its undersigned wholly-owned Subsidiary,
                         (“Designated Subsidiary”), as a “Designated Subsidiary” under and for
all purposes of the Credit Agreement. 
 The Designated Subsidiary, in consideration of each Lender’s agreement to extend
credit to it under and on the terms and conditions set forth in the Credit Agreement, does hereby assume each of the obligations imposed upon a “Designated Subsidiary” and a “Borrower” under the Credit Agreement and agrees to be
bound by the terms and conditions of the Credit Agreement. In furtherance of the foregoing, the Designated Subsidiary hereby represents and warrants to each Lender as follows: 
 (a) The Designated Subsidiary is a corporation duly organized, validly existing and in good standing under the laws of
                        . 
 (b) The execution, delivery and performance by the Designated Subsidiary of this Designation Agreement, the Credit Agreement and the Notes to be delivered by it are within the Designated Subsidiary’s
corporate powers, have been duly authorized by all necessary corporate action and do not contravene (i) the Designated Subsidiary’s charter or by-laws or (ii) in any material respect, any law, rule, regulation or order of any court or
governmental agency or contractual restriction binding on or affecting it. 
 (c) No authorization or approval or
other action by, and no notice to or filing with, any governmental authority or regulatory body is required for the due execution, 
  
  

	1	 For Subsidiaries that are not listed on Schedule II, date must be at least (i) three Business Days for a Designated Subsidiary organized in the
United States or any political subdivision thereof and (ii) five Business Days for a Designated Subsidiary organized outside the United States, in each case, prior to the date of the initial Pro Rata Advance to such Designated Subsidiary.

 delivery and performance by the Designated Subsidiary of this Designation Agreement, the
Credit Agreement or the Notes to be delivered by it. 
 (d) This Designation Agreement is, and the Notes to be
delivered by the Designated Subsidiary when delivered will be, legal, valid and binding obligations of the Designated Subsidiary enforceable against the Designated Subsidiary in accordance with their respective terms, subject to the effect of any
applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other laws affecting creditors’ rights generally and to the effect of general principles of equity (regardless of whether such enforceability is sought in a
proceeding in equity or at law) and an implied covenant of good faith and fair dealing. 
 (e) There is no
pending or threatened action or proceeding affecting the Designated Subsidiary or any of its Subsidiaries before any court, governmental agency or arbitrator that purports to affect the legality, validity or enforceability of this Designation
Agreement, the Credit Agreement or any Note of the Designated Subsidiary. 
 (f) [The
registered address; name, telephone number, facsimile number and email address of contact person; and internet address, if available, of the Designated Subsidiary are
                        .]2 
 (g) [The Federal employer identification number of the Designated Subsidiary is
                    .]2,3 
  

			
	Very truly yours,
	
	ALTRIA GROUP, INC.
		
	By	 	  
		 	Name:
		 	Title:
	
	[DESIGNATED SUBSIDIARY]
		
	By	 	  

		 	Name:
		 	Title:

  

	2	 Does not apply to Subsidiaries listed on Schedule II. 

	3	 Does not apply to Designated Subsidiaries organized outside the United States. 

  

 2 

 EXHIBIT E - 
 FORM OF GUARANTEE 
 GUARANTEE, dated as of
                    , 20             (as amended from time to time, this
“Guarantee”), made by Philip Morris USA Inc., a Virginia corporation (the “Guarantor”), in favor of the Lenders (the “Lenders”) party to the 364-Day Revolving Credit Agreement, dated as of
November 20, 2009 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) among Altria Group, Inc. (“Altria”), such Lenders and JPMorgan Chase Bank, N.A., as Administrative
Agent (“JPMCB”), Citibank, N.A., as Administrative Agent for the Lenders. Capitalized terms used in this Agreement and not otherwise defined herein have the meanings specified in the Credit Agreement. 
 WITNESSETH: 
 SECTION 1. Guarantee. (a) The Guarantor hereby unconditionally guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all the obligations of Altria now or hereafter existing under
the Credit Agreement, whether for principal, interest, fees, expenses or otherwise (such obligations being referred to herein as the “Obligations”). 
 (b) It is the intention of the Guarantor that this Guarantee not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform
Fraudulent Transfer Act or any similar federal or state law to the extent applicable to this Guarantee. To effectuate the foregoing intention, the amount guaranteed by the Guarantor under this Guarantee shall be limited to the maximum amount as
will, after giving effect to such maximum amount and all other contingent and fixed liabilities of the Guarantor that are relevant under such laws, result in the Obligations of the Guarantor under this Guarantee not constituting a fraudulent
transfer or conveyance. For purposes hereof, “Bankruptcy Law” means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors. 
 SECTION 2. Guarantee Absolute. The Guarantor guarantees that the Obligations will be paid strictly in accordance with the terms of the Credit Agreement, regardless of any law, regulation or order
now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of JPMCB, as Administrative Agent, or the Lenders with respect thereto. The liability of the Guarantor under this Guarantee shall be absolute and unconditional
irrespective of: 
 (a) any lack of validity, enforceability or genuineness of any provision of the Credit Agreement or any
other agreement or instrument relating thereto; 
 (b) any change in the time, manner or place of payment of, or in any other
term of, all or any of the Obligations, or any other amendment or waiver of or any consent to departure from the Credit Agreement; 
 (c) any exchange, release or non-perfection of any collateral, or any release or amendment or waiver of or consent to departure from any other guarantee, for all or any of the Obligations; or 

 (d) any other circumstance that might otherwise constitute a defense available to, or a
discharge of, Altria or a guarantor. 
 SECTION 3. Subordination. The Guarantor covenants and agrees that its obligation
to make payments of the Obligations hereunder constitutes an unsecured obligation of the Guarantor ranking (a) pari passu with all existing and future senior indebtedness of the Guarantor and (b) senior in right of payment to all
existing and future subordinated indebtedness of the Guarantor. 
 SECTION 4. Waiver; Subrogation. (a) The Guarantor
hereby waives promptness, diligence, notice of acceptance and any other notice with respect to this Guarantee and any requirement that JPMCB, as Administrative Agent, or any Lender protect, secure, perfect or insure any security interest or lien or
any property subject thereto or exhaust any right or take any action against Altria or any other Person or any collateral. 
 (b) The Guarantor hereby irrevocably waives any claims or other rights that it may now or hereafter acquire against Altria that arise from the existence, payment, performance or enforcement of the Guarantor’s obligations under this
Guarantee or the Credit Agreement, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of JPMCB, as Administrative Agent, or any
Lender against Altria or any collateral, whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or receive from Altria, directly or indirectly, in cash
or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right. If any amount shall be paid to the Guarantor in violation of the preceding sentence at any time prior to the cash payment in full
of the Obligations and all other amounts payable under this Guarantee, such amount shall be held in trust for the benefit of JPMCB, as Administrative Agent, and the Lenders and shall forthwith be paid to JPMCB, as Administrative Agent, to be
credited and applied to the Obligations and all other amounts payable under this Guarantee, whether matured or unmatured, in accordance with the terms of the Credit Agreement and this Guarantee, or be held as collateral for any Obligations or other
amounts payable under this Guarantee thereafter arising. The Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Credit Agreement and this Guarantee and that the waiver set
forth in this Section 4(b) is knowingly made in contemplation of such benefits. 
 SECTION 5. No Waiver; Remedies.
No failure on the part of JPMCB, as Administrative Agent, or any Lender to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any
other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. 
  

 2 

 SECTION 6. Continuing Guarantee; Transfer of Interest. This Guarantee is a continuing
guarantee and shall (a) remain in full force and effect until the earliest to occur of (i) the date, if any, on which the Guarantor shall consolidate with or merge into Altria or any successor thereto, (ii) the date, if any, on which
Altria or any successor thereto shall consolidate with or merge into the Guarantor, (iii) payment in full of the Obligations, and (iv) the rating of Altria’s long term senior unsecured debt by Standard & Poor’s of A or
higher, (b) be binding upon the Guarantor, its successors and assigns, and (c) inure to the benefit of and be enforceable by any Lender or Administrative Agent, and by their respective successors, transferees, and assigns. 
 SECTION 7. Reinstatement. This Guarantee shall continue to be effective or be reinstated, as the case may be, if at any time any
payment of any of the Obligations is rescinded or must otherwise be returned by JPMCB, as Administrative Agent, or any Lender upon the insolvency, bankruptcy or reorganization of Altria or otherwise, all as though such payment had not been made.

 SECTION 8. Amendment. The Guarantor may amend this Guarantee at any time for any purpose without the consent of JPMCB,
as Administrative Agent, or any of the Lenders; provided, however, that if such amendment adversely affects the rights of any Lender, the prior written consent of such Lender shall be required. 
 SECTION 9. Governing Law. This Guarantee shall be governed by, and construed in accordance with the laws of the State of New York.

 IN WITNESS WHEREOF, the Guarantor has caused this Guarantee to be duly executed and delivered by its officer thereunto duly
authorized as of the date first above written. 
  

			
	PHILIP MORRIS USA INC.
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  

 3 

 EXHIBIT F-1 - FORM OF 
 OPINION OF COUNSEL 
 FOR ALTRIA 
  

					
		 	[Letterhead of Hunton & Williams LLP]	 	
		
		 	        [Effective Date]

 To each of the Lenders party 
 to the Credit Agreement referred to below 
 Altria Group, Inc. 

Ladies and Gentlemen: 
 This
opinion is furnished to you pursuant to Section 3.01(e)(iii) of the 364-Day Revolving Credit Agreement, dated as of November 20, 2009 (the “Credit Agreement”), among Altria Group, Inc., the Lenders party thereto and
JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Administrative Agent for such Lenders. Terms defined in the Credit Agreement are used herein as therein defined. 
 We have acted as counsel for Altria in connection with the preparation, execution and delivery of the Credit Agreement. 
 In that connection, we have examined the following documents: 
 (1) The Credit Agreement. 
 (2) The documents furnished by Altria pursuant to Article III of the Credit Agreement. 
 (3) The Articles of Incorporation of Altria and all amendments thereto (the “Charter”). 
 (4) The by-laws of Altria and all amendments thereto (the “By-laws”). 
 We have
also examined the originals, or copies certified to our satisfaction, of such corporate records of Altria, certificates of public officials and of officers of Altria and agreements, instruments and other documents, as we have deemed relevant and
necessary as a basis for the opinions expressed below. As to questions of fact material to such opinions, we have, when relevant facts were not independently established by us, relied upon the representations of Altria set forth in the Credit
Agreement and upon certificates of Altria or its officers or of public officials. Whenever the phrase “to our knowledge” is used herein, it refers to the actual knowledge of the attorneys of the firm involved in the representation of
Altria in connection with the Credit Agreement, without independent investigation. We have assumed the due execution and delivery, pursuant to due authorization, of the Credit Agreement by the Initial Lenders and JPMorgan Chase Bank, N.A., as
Administrative Agent, Citibank, N.A., as Administrative Agent. 

 Our opinions expressed below are limited to the law of the State of New York, the
Commonwealth of Virginia and the Federal law of the United States. 
 Based upon the foregoing and upon such investigation as we
have deemed necessary, we are of the following opinion: 
 1. Altria is a corporation duly organized, validly
existing and in good standing under the laws of the Commonwealth of Virginia. 
 2. The execution, delivery and
performance by Altria of the Credit Agreement and the Notes, and the consummation of the transactions contemplated thereby, are within Altria’s corporate powers, have been duly authorized by all necessary corporate action, and do not contravene
(i) the Charter or the By-laws or (ii) any law, rule or regulation applicable to Altria (including, without limitation, Regulation X of the Board of Governors of the Federal Reserve System) or (iii) to our knowledge, any contractual
restriction binding on or affecting Altria. The Credit Agreement and any Notes delivered on the date hereof have been duly executed and delivered on behalf of Altria. 
 3. No authorization, approval or other action by, and no notice to or filing with, any governmental authority or regulatory
body or any other third party is required for the due execution, delivery and performance by Altria of the Credit Agreement and the Notes. 
 4. The Credit Agreement is the legal, valid and binding obligation of Altria enforceable against Altria in accordance with its terms. The Notes issued on the date hereof, if any, are the legal, valid and
binding obligations of Altria, enforceable against Altria in accordance with their respective terms. 
 The opinion set forth in
paragraph 4 above is subject to the effect of any applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other laws affecting creditors’ rights generally and to the effect of general principles of equity
(regardless of whether enforcement is sought in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. 
 We express no opinion with respect to: 
 (A) The effect of any provision of the
Credit Agreement which is intended to permit modification thereof only by means of an agreement in writing by the parties thereto; 
 (B) The effect of any provision of the Credit Agreement insofar as it provides that any Person purchasing a participation from a Lender or other Person may exercise set-off or similar rights with respect to such participation or that any
Lender or other Person may exercise set-off or similar rights other than in accordance with applicable law; 
 (C) The effect of
any provision of the Credit Agreement imposing penalties or forfeitures; 
  

 2 

 (D) The enforceability of any provision of the Credit Agreement to the extent that such
provision constitutes a waiver of illegality as a defense to performance of contract obligations; or 
 (E) The effect of any
provision of the Credit Agreement relating to indemnification or exculpation in connection with violations of any securities laws or relating to indemnification, contribution or exculpation in connection with willful, reckless or criminal acts or
gross negligence of the indemnified or exculpated Person or the Person receiving contribution. 
 In connection with the
provisions of the Credit Agreement which relate to forum selection (including, without limitation, any waiver of any objection to venue or any objection that a court is an inconvenient forum), we note that, under NYCPLR § 510, a New York State
court may have discretion to transfer the place of trial, and, under 28 U.S.C. § 1404(a), a United States District Court has discretion to transfer an action from one Federal court to another. 
 This opinion is being furnished to you pursuant to Section 3.01(e)(iii) of the Credit Agreement, is solely for the benefit of you and
your counsel, and is not intended for, and may not be relied upon by, any other person or entity without our prior written consent. We undertake no duty to inform you of events occurring subsequent to the date hereof. 
 Very truly yours, 
  

 3 

 EXHIBIT F-2 - FORM OF 
 OPINION OF COUNSEL 
 FOR ALTRIA 
 [Effective Date] 
 To each of the Lenders party 
 to the Credit Agreement referred to below 
 Altria Group, Inc. 
 Ladies
and Gentlemen: 
 This opinion is furnished to you pursuant to Section 3.01(e)(iii) of the 364-Day Revolving Credit
Agreement, dated as of November 20, 2009 (the “Credit Agreement”), among Altria Group, Inc. (“Altria”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as
Administrative Agent for such Lenders. Terms defined in the Credit Agreement are used herein as therein defined. 
 I have acted
as counsel for Altria in connection with the preparation, execution and delivery of the Credit Agreement. 
 In that connection,
I have examined originals, or copies certified to my satisfaction, of such corporate records of Altria, certificates of public officials and of officers of Altria, and agreements, instruments and other documents, as I have deemed relevant and
necessary as a basis for the opinions expressed below. As to questions of fact material to such opinions, I have, when relevant facts were not independently established by me, relied upon certificates of Altria or its officers or of public
officials. 
 Based upon the foregoing and upon such investigation as I have deemed necessary, I am of the opinion that, to the
best of my knowledge, (i) there is no pending or threatened action or proceeding against Altria or any of its Subsidiaries before any court, governmental agency or arbitrator (a “Proceeding”) that purports to affect the
legality, validity, binding effect or enforceability of the Credit Agreement or the Notes, if any, or the consummation of the transactions contemplated thereby, and (ii) except for Proceedings disclosed in the Annual Report on Form 10-K of
Altria for the fiscal year ended December 31, 2008, Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2009, June 30, 2009 and September 30, 2009 and any Current Reports on Form 8-K filed subsequent to
September 30, 2009 but prior to the Effective Date, or, with respect to Proceedings commenced after the date of the most recent such document but prior to the Effective Date, a certificate delivered to the Lenders and attached hereto, there are
no Proceedings that are likely to have a materially adverse effect upon the financial position or results of operations of Altria and its Subsidiaries taken as a whole. 
  

	
	Very truly yours,

 EXHIBIT G-3 - FORM OF 
 OPINION OF COUNSEL 
 FOR GUARANTOR 
 To each of the Lenders party 
 to
the Credit Agreement referred to below 
 Philip Morris USA Inc. 
 Ladies and Gentlemen: 
 This
opinion is furnished to you pursuant to Section 3.01(e)(vii) of the 364-Day Revolving Credit Agreement, dated as of November 20, 2009 (the “Credit Agreement”), among Altria Group, Inc. (“Altria”), the
Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Administrative Agent for such Lenders in connection with the issuance of a guarantee dated November 20, 2009 (“Guarantee”) made by
Philip Morris USA Inc. (“PM USA”) in favor of the Lenders. Terms defined in the Credit Agreement are used herein as therein defined. 
 We have acted as counsel for PM USA in connection with the preparation, execution and delivery of the Guarantee and are furnishing this opinion at the request of PM USA. 
 In that connection, we have examined the following documents: 
 (1) The Credit Agreement. 
 (2) The Articles of Incorporation of PM USA and all amendments thereto (the “Charter”). 
 (3) The by-laws of PM USA and all amendments thereto (the “By-laws”). 
 (4) The resolutions of PM USA authorizing the Guarantee. 
 (5) The
Guarantee. 
 We have also examined the originals, or copies certified to our satisfaction, of such corporate records of PM USA,
certificates of public officials and of officers of PM USA, and agreements, instruments and other documents, as we have deemed relevant and necessary as a basis for the opinions expressed below. As to questions of fact material to such opinions, we
have, when relevant facts were not independently established by us, relied upon the representations of PM USA set forth in the Guarantee and upon certificates of PM USA or its officers or of public officials. Whenever the phrase “to our
knowledge” is used herein, it refers to the actual knowledge of the attorneys of the firm involved in the representation of PM USA in connection with the Guarantee, without independent investigation. 

 Our opinions expressed below are limited to the law of the State of New York, the
Commonwealth of Virginia and the Federal law of the United States. 
 Based upon the foregoing and upon such investigation as we
have deemed necessary, we are of the following opinion: 
 1. PM USA is a corporation duly organized, validly
existing and in good standing under the laws of the Commonwealth of Virginia. 
 2. The execution, delivery and
performance by PM USA of the Guarantee are within PM USA’s corporate powers, have been duly authorized by all necessary corporate action, and do not contravene: (i) the Charter or the By-laws or (ii) any law, rule or regulation
applicable to PM USA or (iii) to our knowledge, any contractual restriction binding on or affecting PM USA. The Guarantee delivered on the date hereof has been duly executed and delivered on behalf of PM USA. 
 3. The Guarantee is the legal, valid and binding obligation of PM USA enforceable against PM USA in accordance with its
terms. 
 The opinion set forth in paragraph 3 above is subject to the effect of any applicable bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium or other laws affecting creditors’ rights generally and to the effect of general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law) and an
implied covenant of good faith and fair dealing. 
 We express no opinion with respect to: 
 (A) The enforceability of any provision of the Guarantee to the extent that such provision constitutes a waiver of illegality as a defense to
performance of contract obligations; or 
 (B) The effect of any provision of the Guarantee to the extent that such provision
constitutes a guarantee relating to indemnification or exculpation in connection with violations of any securities laws or relating to indemnification, contribution or exculpation in connection with willful, reckless or criminal acts or gross
negligence of the indemnified or exculpated Person or the Person receiving contribution. 
 This opinion is being furnished to
you in connection with Section 3.01(e)(vii) of the Credit Agreement, is solely for the benefit of you and your counsel, and is not intended for, and may not be relied upon by, any other person or entity without our prior written consent. We
undertake no duty to inform you of events occurring subsequent to the date hereof. 
  

	
	Very truly yours,

  

 2 

 EXHIBIT G - FORM OF 
 OPINION OF COUNSEL 
 FOR DESIGNATED SUBSIDIARY 
 [Effective Date] 
 To each of the Lenders party 
 to the Credit Agreement referred to below 
 Altria Group, Inc. 
 Ladies
and Gentlemen: 
 This opinion is furnished to you pursuant to Section 3.02(e) of the 364-Day Revolving Credit Agreement,
dated as of November 20, 2009 (the “Credit Agreement”), among Altria Group, Inc. (“Altria”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Administrative
Agent for such Lenders. Terms defined in the Credit Agreement are used herein as therein defined. 
 We have acted as counsel
for                      (the “Designated Subsidiary”) in connection with the preparation, execution and delivery of the
Designation Agreement. 
 In that connection, we have examined the following documents: 
 (1) The Designation Agreement. 
 (2) The Credit Agreement. 
 (3) The documents furnished by the
Designated Subsidiary pursuant to Article III of the Credit Agreement. 
 (4) The [Articles] [Certificate] of
Incorporation of the Designated Subsidiary and all amendments thereto (the “Charter”). 
 (5)
The by-laws of the Designated Subsidiary and all amendments thereto (the “By-laws”). 
 We have also examined the originals, or
copies certified to our satisfaction, of such corporate records of the Designated Subsidiary, certificates of public officials and of officers of the Designated Subsidiary, and agreements, instruments and other documents, as we have deemed relevant
and necessary as a basis for the opinions expressed below. As to questions of fact material to such opinions, we have, when relevant facts were not independently established by us, relied upon certificates of the Designated Subsidiary or its
officers or of public officials. We have assumed the due execution and delivery, pursuant to due authorization, of the Credit Agreement by the Initial Lenders and JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Administrative
Agent. 

 Based upon the foregoing and upon such investigation as we have deemed necessary, we are of
the following opinion: 
 1. The Designated Subsidiary is a corporation duly organized, validly existing and in
good standing under the laws of                     . 
 2. The execution, delivery and performance by the Designated Subsidiary of the Designation Agreement, the Credit Agreement
and the Notes to be delivered by it, and the consummation of the transactions contemplated thereby, are within the Designated Subsidiary’s corporate powers, have been duly authorized by all necessary corporate action, and do not contravene
(i) the Charter or the By-laws or (ii) any law, rule or regulation applicable to the Designated Subsidiary (including, without limitation, Regulation X of the Board of Governors of the Federal Reserve System) or (iii) to our
knowledge, any contractual restriction binding on or affecting the Designated Subsidiary. The Designation Agreement, the Credit Agreement and the Notes delivered by the Designated Subsidiary on the date hereof have been duly executed and delivered
on behalf of the Designated Subsidiary. 
 3. No authorization, approval or other action by, and no notice to or
filing with, any governmental authority or regulatory body or any other third party is required for the due execution, delivery and performance by the Designated Subsidiary of the Designation Agreement, the Credit Agreement and the Notes delivered
by the Designated Subsidiary. 
 4. The Designation Agreement and the Credit Agreement are the legal, valid and
binding obligations of the Designated Subsidiary enforceable against the Designated Subsidiary in accordance with their respective terms. The Notes issued on the date hereof, if any, by the Designated Subsidiary are the legal, valid and binding
obligations of the Designated Subsidiary, enforceable against the Designated Subsidiary in accordance with their respective terms. 
 5. There is, to the best of my knowledge, no pending or threatened action or proceeding against the Designated Subsidiary or any of its Subsidiaries before any court, governmental agency or arbitrator
that purport to affect the legality, validity, binding effect or enforceability of the Designation Agreement, the Credit Agreement or any of the Notes delivered by the Designated Subsidiary or the consummation of the transactions contemplated
thereby. 
  

 2 

 The opinion set forth in paragraph 4 above is subject to the effect of any applicable
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other laws affecting creditors’ rights generally and to the effect of general principles of equity (regardless of whether enforcement is sought in a proceeding in
equity or at law) and an implied covenant of good faith and fair dealing. 
  

	
	Very truly yours,

  

 3 

 EXHIBIT H 
 FORM OF OPINION OF 
 COUNSEL FOR JPMCB, 
 AS ADMINISTRATIVE AGENT 
 [Letterhead of Simpson Thacher & Bartlett LLP] 
 [Effective Date] 
 JPMorgan Chase Bank, N.A. and Citibank, N.A., 
 as Administrative Agents 
 The Lenders listed on Schedule I hereto 
 which are parties to the Credit Agreement 
 on the date hereof 
  

	Re:	364-Day Revolving Credit Agreement dated as 

 of November 20, 2009 (the “Credit 
 Agreement”) among Altria Group,
Inc. (the 
 “Company”), and the Lenders party thereto and 
 JPMorgan Chase Bank, N.A and Citibank, 
 N.A., as Administrative Agents for such 
 Lenders 
 Ladies and Gentlemen: 
 We have
acted as counsel to JPMorgan Chase Bank, N.A., as Administrative Agent, in connection with the preparation, execution and delivery of the Credit Agreement. 
 This opinion is delivered to you pursuant to Section 3.01(e)(viii) of the Credit Agreement. Terms used herein which are defined in the Credit Agreement shall have the respective meanings set forth in
the Credit Agreement, unless otherwise defined herein. 
 In connection with this opinion, we have examined a copy of the Credit
Agreement signed by the Company and by the Administrative Agents and the Lenders. 
 We also have examined the originals, or
duplicates or certified or conformed copies, of such records, agreements, instruments and other documents and have made such other investigations as we have deemed relevant and necessary in connection with the opinions expressed herein. As to
questions of fact material to this opinion, we have relied upon certificates of public officials and of officers and representatives of the Company. In addition, we have examined, and have relied as to matters of fact upon, the representations made
in the Credit Agreement. 

 In rendering the opinion set forth below, we have assumed the genuineness of all signatures,
the legal capacity of natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as duplicates or certified or conformed copies, and the authenticity of the
originals of such latter documents. 
 In rendering the opinion set forth below we have assumed that (1) the Credit
Agreement is a valid and legally binding obligation of each of the Lenders party thereto, (2) the Company is duly organized and validly existing and in good standing under the laws of the jurisdiction in which it is organized and of each other
jurisdiction in which the conduct of its business or ownership of its property makes such qualification necessary, has the corporate power and authority to execute, deliver and perform its obligations under the Credit Agreement and has duly
authorized, executed and delivered the Credit Agreement in accordance with its Articles of Incorporation and By-laws or other similar organizational documents, and (3)(a) execution, delivery and performance by the Company of the Credit
Agreement do not contravene its Articles of Incorporation or By-laws or other similar organizational documents, (b) execution, delivery and performance by the Company of the Credit Agreement do not violate, or require any consent not obtained
under, the laws of the jurisdiction in which it is organized or any other applicable laws or regulations or any order, writ, injunction or decree of any court or other governmental authority binding on the Company, and (c) execution, delivery
and performance by the Company of the Credit Agreement do not constitute a breach or violation of, or require any consent not obtained under, any agreement or instrument which is binding upon the Company. 
 Based upon and subject to the foregoing, and subject to the qualifications and limitations set forth herein, we are of the opinion that the
Credit Agreement constitutes the valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms. 
 Our opinion set forth above is subject to (i) the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’
rights generally, (ii) general equitable principles (whether considered in a proceeding in equity or at law) and (iii) an implied covenant of good faith and fair dealing. 
 We express no opinion with respect to: 
 (A) the effect of any provision of the Credit Agreement which is intended to permit modification thereof only by means of an agreement in writing by the parties thereto; 
 (B) the effect of any provision of the Credit Agreement insofar as it provides that any Person purchasing a participation from a Lender or
other Person may exercise set-off or similar rights with respect to such participation or that any Lender or other Person may exercise set-off or similar rights other than in accordance with applicable law; 
 (C) the effect of any provision of the Credit Agreement imposing penalties or forfeitures; 
 (D) the enforceability of any provision of the Credit Agreement to the extent that such provision constitutes a waiver of illegality as a
defense to performance of contract obligations; or 
  

 2 

 (E) the effect of any provision of the Credit Agreement relating to indemnification or
exculpation in connection with violations of any securities laws or relating to indemnification, contribution or exculpation in connection with willful, reckless or criminal acts or gross negligence of the indemnified or exculpated Person or the
Person receiving contribution. 
 In connection with the provisions of the Credit Agreement which relate to forum selection
(including, without limitation, any waiver of any objection to venue or any objection that a court is an inconvenient forum), we note that under NYCPLR § 510, a New York State court may have discretion to transfer the place of trial, and under
28 U.S.C. § 1404(a), a United States District Court has discretion to transfer an action from one Federal court to another. 
 We are members of the Bar of the State of New York, and we do not express any opinion herein concerning any law other than the law of the State of New York and the Federal law of the United States. 
 This opinion letter is rendered to you in connection with the above described transaction. This opinion letter may not be relied upon by you
for any other purpose, or relied upon by, or furnished to, any other person, firm or corporation without our prior written consent. This opinion letter may be furnished to, but may not be relied upon by, a regulatory authority entitled to receive
it. 
  

	
	Very truly yours,

  

 3 

 EXHIBIT I - FORM OF 
 CONFIDENTIALITY AGREEMENT 
  

	To:	[NAME OF BANK] 

  

	Date:	                , 20     

  

	Subject:	Altria Group, Inc. 364-Day Revolving Credit Facility (the “Credit Facility”) 

 In connection with the Credit Facility for Altria Group, Inc. (the “Company”), you will be receiving certain information
which is non-public, confidential or proprietary in nature. That information and any other information, regardless of form, whether oral, written or electronic, concerning the Company, its subsidiaries or the Credit Facility furnished to you by
[NAME OF LENDER], the Company, Altria Client Services Inc. (“Altria Client Services”) or any of their respective Representatives in connection with the Credit Facility (at any time on, before or after the date of this Agreement),
together with analyses, compilations or other materials prepared by you or your Representatives which contain or otherwise reflect such information or your review of, advice concerning or interest in the Credit Facility is hereinafter referred to as
the “Information.” As used herein, “Representatives” refers to affiliates, directors, officers, employees, agents, auditors, attorneys, consultants or other advisors, and references to the Company or Altria Client
Services shall be deemed to include each of their respective affiliates. In consideration of your receipt of the Information, you agree that: 
  

	 	1.	You will not, without the prior written consent of the Company, use, either directly or indirectly, any of the Information except in connection with the Credit Facility
and any other extension of credit made by you to the Company. 

  

	 	2.	You agree to reveal the Information only to your Representatives who need to know the Information for the purpose of evaluating, administering or monitoring the Credit
Facility, who are informed by you of the confidential nature of the Information, and who agree to be bound by the terms and conditions of this Agreement. You agree to be responsible for any breach of this Agreement by any of your Representatives and
to indemnify and hold the Company, Altria Client Services and their respective Representatives harmless from and against any and all liabilities, claims, causes of action, costs and expenses (including attorney fees and expenses) arising out of the
breach of this Agreement by you or your Representatives. 

  

	 	3.	Without the prior written consent of the Company or Altria Client Services, you shall not disclose to any person (except as otherwise expressly permitted herein) the
fact that the Information has been made available, that discussions are taking place between the Company, Altria Client Services and you or any other financial institution concerning the Credit Facility, or any of the terms, conditions or other
facts with respect thereto (including the status thereof), or that the Credit Facility has been consummated. 

	 	4.	This Agreement shall be inoperative as to any portion of the Information that (i) is or becomes generally available to the public on a non-confidential basis
through no fault by you or your Representatives, or (ii) is or becomes available to you on a non-confidential basis from a source other than the Company, Altria Client Services, [NAME OF LENDER] or their respective Representatives, which
source, to the best of your knowledge, is not prohibited from disclosing such Information to you by a contractual, legal or fiduciary obligation to the Company, Altria Client Services, [NAME OF LENDER] or their respective Representatives.

  

	 	5.	You may disclose the Information at the request of any regulatory or supervisory authority having jurisdiction over you; provided that you request confidential
treatment of such Information to the extent permitted by law; provided further, that, insofar as permitted by law and practicable, you notify the Company and Altria Client Services in advance of such disclosure pursuant to the following paragraph.

  

	 	6.	In the event that you or anyone to whom you transmit the Information pursuant to this Agreement becomes legally compelled to disclose any of the Information or the
existence of the Credit Facility, you shall provide the Company and Altria Client Services with notice of such event promptly upon your obtaining knowledge thereof (provided that you are not otherwise prohibited by law from giving such notice) so
that the Company may seek a protective order or other appropriate remedy. In the event that such protective order or other remedy is not obtained, you shall furnish only that portion of the Information that is legally required and shall disclose the
Information in a manner reasonably designed to preserve its confidential nature. 

  

	 	7.	In the event that discussions with you concerning the Credit Facility are discontinued or your participation in the Credit Facility is otherwise terminated, you shall
deliver to Altria Client Services the copies of the Information that were furnished to you by or on behalf of the Company and represent to Altria Client Services that you have destroyed all other copies thereof, provided that you may maintain copies
of the Information, subject to the terms of this Agreement, as required by law or regulations or document retention policies applicable to you. All of your obligations hereunder and all of the rights and remedies of the Company and Altria Client
Services and [NAME OF LENDER] hereunder shall survive any discontinuance of discussions, termination of your participation or any return or destruction of the Information. 

  

	 	8.	You acknowledge that disclosure of the Information in violation of the terms of this Agreement could have material adverse consequences that could not be adequately
compensated by money damages alone, and agree that, in the event of any breach by you or your Representatives of this Agreement, the Company, Altria Client Services and their respective Representatives will be entitled to seek equitable relief
(including injunction and specific performance) in addition to all other remedies available to them at law or in equity. 

  

 2 

	 	9.	The obligations set forth in this Agreement shall survive until the earliest of two years from the date of this Agreement or until execution of any agreement between
the Company and you with respect to the Credit Facility or an agreement which contains confidentiality provisions superseding this Agreement. This Agreement shall govern your confidentiality obligations from the date hereof with respect to
Information furnished to you as described above in connection with the Credit Facility, and from the date hereof no prior agreement entered into by you and the Company will apply to such Information. 

  

	 	10.	This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). 

 THIS AGREEMENT IS IN ADDITION TO AND, EXCEPT AS PROVIDED ABOVE, DOES NOT SUPERSEDE THE CONFIDENTIALITY AGREEMENTS CONTAINED IN ANY CREDIT AGREEMENTS OF THE
COMPANY OR ITS AFFILIATES TO WHICH YOU ARE A PARTY. 
 IT IS UNDERSTOOD AND AGREED THAT THE COMPANY, ALTRIA CLIENT SERVICES, [NAME OF LENDER]
AND THEIR RESPECTIVE REPRESENTATIVES MAY RELY ON THIS EXPRESS AGREEMENT. 
 ACCEPTED AND AGREED as of the date written above: 
  

			
	[NAME OF BANK]
		
	By	 	  

		 	Name:
		 	Title:

  

 3

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