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Exhibit 10.7  

 
 

INDEMNIFICATION AGREEMENT
  Director of Carreker Corporation    
  

        This Indemnification Agreement (this "Agreement") dated as
of                        , is between Carreker Corporation, Inc., a Delaware corporation (the
"Company"), and the undersigned director of the Company (the "Indemnitee"), with reference to the following facts: 

        The
Indemnitee is currently serving as a director of the Company and the Company desires that the Indemnitee continue in such capacity. The Indemnitee is willing, under certain
circumstances, to continue serving as a director of the Company. 

        Section 145
of the General Corporation Law of the State of Delaware, under which law the Company is organized, empowers a corporation to indemnify a person serving as a director,
officer, employee or agent of the corporation and a person who serves at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture,
trust or other enterprise, and such Section 145 and the bylaws of the Company specify that the indemnification set forth in said Section 145 and in the bylaws, respectively, shall not be
deemed exclusive of any other rights to which those seeking indemnification may be entitled under any bylaw, agreement, vote of stockholders or disinterested directors or otherwise. 

        In
order to induce the Indemnitee to serve as a director of the Company, the Company hereby agrees to indemnify the Indemnitee as follows: 

	1.
	Indemnity.    The Company shall indemnify the Indemnitee and his or her executors, administrators or assigns, for any Expenses
(as defined below) that the Indemnitee is or becomes obligated to pay in connection with any Proceeding. As used in this Agreement the term "Proceeding" shall include any threatened, pending or
completed claim, action, suit, investigation or proceeding, whether brought by or in the right of the Company or otherwise and whether of a civil, criminal, administrative or investigative nature, in
which the Indemnitee may be or may have been involved as a party, witness or otherwise, by reason of the fact that Indemnitee is or was a director or officer of the Company, by reason of any actual or
alleged error or misstatement or misleading statement made or suffered by the Indemnitee, by reason of any actual or alleged action taken by him or her or of any actual or alleged inaction on his or
her part while acting as such director or officer, or by reason of the fact that he or she was serving at the request of the Company as a director, trustee, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise; provided, however, that Indemnitee shall not be entitled to indemnification
hereunder to the extent that Indemnitee did not act in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the Company, and, in the case of
a criminal proceeding, in addition had reasonable cause to believe that his or her conduct was unlawful. As used in this Agreement, the term "other enterprise" shall include (without limitation)
employee benefit plans and administrative committees thereof, and the term "fines" shall include (without limitation) any excise tax assessed with respect to any employee benefit plan. Any
corporation, partnership, limited liability company or other entity on behalf of which Indemnitee may be deemed to be acting in connection with his or her service to the Company shall be entitled to
the benefits of the indemnity provided for by this Agreement to the same extent and under the same conditions upon which Indemnitee is entitled to such indemnity.

	2.
	Expenses.    As used in this Agreement, the term "Expenses" shall include, without limitation, damages, judgments, fines,
penalties, settlements and costs, attorneys' fees and disbursements and costs of attachment or similar bonds, investigations, and any expenses of establishing a right to indemnification under this
Agreement. 

 

	3.
	Enforcement.    If a claim or request under this Agreement is not paid by the Company, or on its behalf, within 30 calendar
days after a written claim or request has been received by the Company, then the Indemnitee may at any time thereafter bring suite against the Company to recover the unpaid amount of the claim or
request and if successful in whole or in part, the Indemnitee shall be entitled to be paid also the Expenses of prosecuting such suit. The burden of proving that the Indemnitee is not entitled to
indemnification for any reason shall be upon the Company.

	4.
	Subrogation.    Upon any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of
the rights of recovery of the Indemnitee, who shall execute all papers required and shall do everything that may be necessary to secure such rights, including the execution of such documents necessary
to enable the Company effectively to bring suit to enforce such rights.

	5.
	Exclusions.    The Company shall not be liable under this Agreement to pay any Expenses in connection with any claim made
against the Indemnitee:

	(a)
	to
the extent that payment is actually made to the Indemnitee under a valid, enforceable and collectible insurance policy;

	(b)
	to
the extent that the Indemnitee is indemnified and actually paid otherwise than pursuant to this Agreement;

	(c)
	in
connection with a judicial action by or in the right of the Company, in respect of any claim, issue or matter as to which the Indemnitee shall have been adjudged to be liable to
the Company unless and only to the extent that any court in which such action was brought shall determine upon application that, despite the adjudication of liability but in view of all the
circumstances of the case, the Indemnitee is fairly and reasonably entitled to indemnity for such expenses as such court shall deem proper;

	(d)
	if
and to the extent that it is proved by final, non-appealable judgment in a court of law or other final adjudication to have been based upon or attributable to the
Indemnitee's in fact having gained any personal profit or advantage to which he or she was not legally entitled;

	(e)
	for
a disgorgement of profits made from the purchase and sale by the Indemnitee of securities pursuant to Section 16(b) of the Securities Exchange Act of 1934, as amended, and
amendments thereto or similar provisions of any state statutory law or common law; or

	(f)
	for
any judgment, fine or penalty which the Company is prohibited by applicable law from providing indemnity hereunder. 

	6.
	Indemnification of Expenses of Successful Party.    Notwithstanding any other provision of this Agreement, to the extent that
the Indemnitee has been successful on the merits or otherwise in defense of any Proceeding or in defense of any claim, issue or matter therein, including dismissal without prejudice, Indemnitee shall
be indemnified against any and all Expenses incurred in connection therewith.

	7.
	Partial Indemnification.    If the Indemnitee is entitled under any provision of this Agreement to indemnification by the
Company for some or a portion of Expenses, but not, however, for the total amount thereof, the Company shall nevertheless indemnify the Indemnitee for the portion of such Expenses to which the
Indemnitee is entitled. 

INDEMINIFICATION
AGREEMENT                                        
                                          
                      Page:  2
 

 

	8.
	Advance of Expenses.    Expenses incurred by the Indemnitee in connection with any Proceeding, except the amount of any
settlement, shall be paid by the Company in advance promptly upon request of the Indemnitee that the Company pay such expenses. The Indemnitee hereby undertakes to repay to the Company the amount of
any Expenses theretofore paid by the Company to the extent that it is ultimately and finally determined or that the Indemnitee is not entitled to indemnification.

	9.
	Notice of Claim.    The Indemnitee, as a condition precedent to his or her right to be indemnified under this Agreement, shall
give to the Company notice in writing as soon as practicable of any claim made against him or her for which indemnity will or could be sought under this Agreement, but a failure to give such notice
will affect the obligations of the Company hereunder only to the extent that the Company is actually and materially prejudiced thereby. Notice to the Company shall be given at its corporate
headquarters and shall be directed to the corporate secretary (or such other addressee as the Company shall designate in writing to the Indemnitee); notice shall be deemed received if sent by prepaid
mail properly addressed, the date of such notice being the date postmarked. In addition, the Indemnitee shall give the Company such information and cooperation as it may reasonably require in
connection with such claim.

	10.
	Counterparts.    This Agreement may be executed in any number of counterparts, all of which taken together shall constitute
one instrument.

	11.
	Indemnification Hereunder Not Exclusive.    Nothing herein shall be deemed to diminish or otherwise restrict the Indemnitee's
right to indemnification under any provision of the Certificate of Incorporation or bylaws of the Company and amendments thereto or under law.

	12.
	Governing Law.    This Agreement shall be governed by and construed in accordance with Delaware law, without giving effect to
the principles of conflict of laws thereof.

	13.
	Saving Clause.    Wherever there is conflict between any provision of this Agreement and any applicable present or future
statute, law or regulation contrary to which the Company and the Indemnitee have no legal right to contract, the latter shall prevail, but in such event the affected provisions of this Agreement shall
be curtailed and restricted only to the extent necessary to bring them within applicable legal requirements.

	14.
	Coverage.    The provisions of this Agreement shall apply with respect to the Indemnitee's service as a director of the
Company prior to the date of this Agreement and with respect to all periods of such service after the date of this Agreement, even though the Indemnitee may have ceased to be a director of the
Company.

	15.
	Successors and Assigns.    This Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective heirs, legatees, legal representatives, successors and permitted assigns. 

INDEMINIFICATION
AGREEMENT                                        
                                          
                      Page:  3
 

 

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

	 	CARREKER CORPORATION, INC.
	

 	

By:	
 	

 
	 	 	 	

	 	Printed Name:	 	 
	 	 	 	

	 	Title:	 	 
	 	 	 	

	

 	

INDEMNITEE
	

 	

By:	
 	

 
	 	 	 	

	 	Printed Name:	 	 
	 	 	 	

	 	Title:	 	 
	 	 	 	

INDEMINIFICATION
AGREEMENT                                        
                                          
                      Page:  4 

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Exhibit 10.17  

 
 

THIRD AMENDMENT TO CREDIT AGREEMENT    
  

        THIS THIRD AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is entered into as of September    , 2002
to be effective as of July 31, 2002, between CARREKER CORPORATION, a Delaware corporation ("Borrower"), each of the banks or other lending
institutions which is a signatory to this Amendment (collectively, "Lenders"), and J.P. MORGAN CHASE BANK (formerly known as The Chase Manhattan Bank),
individually as a Lender and Issuing Bank and as Administrative Agent (in such capacity, together with its successors and assigns, "Administrative
Agent"), and COMPASS BANK, as Syndication Agent. 

 
 

R E C I T A L S    
  

        A.    Borrower,
Administrative Agent, Syndication Agent, and Lenders are parties to the Credit Agreement, dated June 6, 2001 (as renewed, extended, modified, and amended
from time to time, the "Credit Agreement"), providing for a line of credit and a letter of credit facility to Borrower by the Lenders therein. 

        B.    Borrower
has requested an amendment to the Credit Agreement to delete all provisions and requirements relating to the Borrowing Base, including without limitation all
provisions defining the Borrowing Base, relating to the calculation of the Borrowing Base, requiring the reporting of the Borrowing Base and the submission of Borrowing Base Certificates, and
prepayment of the amounts, if any, by which Aggregate Revolving Credit Exposure exceeds the Borrowing Base. 

        C.    Borrower,
the Administrative Agent, the Syndication Agent, and Required Lenders now desire to amend the Credit Agreement as requested by Borrower. 

        NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Borrower, Administrative Agent, Syndication Agent, and Required Lenders
agree as follows: 

        1.    TERMS AND REFERENCES.    Unless otherwise stated in this document (a) terms defined in the Credit
Agreement have the same meanings when used in this document and (b) references to "Sections,"
"Schedules," and "Exhibits" are to the Credit Agreement's sections, schedules, and exhibits. 

        2.    AMENDMENTS.    The Credit Agreement is hereby amended as follows: 

        (a)  Section 1.01 is amended to delete the following definitions in their entirety, so that
there will be no definition of the terms "Available Amount", "Borrowing Base", "Borrowing Base Certificate," or "Eligible Receivables" in the Agreement. 

        (b)  Section 2.01 is amended in its entirety as follows: 

        SECTION 2.01  Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the
Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (i) such Lender's Revolving Credit Exposure exceeding such Lender's
Commitment, or (ii) the Aggregate Revolving Credit Exposure exceeding the aggregate amount of all Lenders' Commitments. Within the foregoing limits and subject to the terms and conditions set
forth herein, the Borrower may borrow, prepay and reborrow Loans.

        (c)  Section 2.08(c) is deleted in its entirety and  Section 2.08(d) is renumbered as 2.08(c). 

        (d)  Section 6.01 is amended to delete subsection
6.01(d) and to designate the existing subsections (e) through (i) as  subsections 
(d) through (h). 

        (e)  Exhibit I is deleted in its entirety. 

 

3.    AMENDMENT OF CREDIT AGREEMENT AND OTHER LOAN DOCUMENTS.  

        (a)  All references in the Loan Documents to the Credit Agreement shall henceforth include references to the Credit Agreement
as modified and amended by this Amendment, and as may, from time to time, be further modified, amended, restated, extended, renewed, and/or increased. 

        (b)  Any and all of the terms and provisions of the Loan Documents are hereby amended and modified wherever necessary, even
though not specifically addressed herein, so as to conform to the amendments and modifications set forth herein. 

	4.
	CONDITIONS PRECEDENT. Notwithstanding any contrary provision herein, the amendments described in  Paragraph 2 above
are not effective unless and until: 

        (a)  the representations and warranties in this Amendment, the Credit Agreement, and all other Loan Documents are true and
correct in all material respects; and 

        (b)  Administrative Agent shall have received counterparts of this Amendment executed by Borrower and all Lenders on the
signature page or pages of this document. 

        5.    RATIFICATIONS.    Borrower (a) ratifies and confirms all provisions of the Loan Documents as amended by
this Amendment, (b) ratifies and confirms that all guaranties, assurances, and liens granted, conveyed, or assigned to the Administrative Agent for the benefit of the Lenders under the Loan
Documents are not released, reduced, or otherwise adversely affected by this Amendment and continue to guarantee, assure, and secure full payment and performance of the present and future Obligation,
and (c) agrees to perform such acts and duly authorize, execute, acknowledge, deliver, file, and record such additional documents and certificates as Administrative Agent may reasonably request
in order to create, perfect, preserve, and protect those guaranties, assurances, and liens. 

        6.    REPRESENTATIONS.    Borrower represents and warrants to the Administrative Agent and Lenders that as of the date
of this Amendment: (a) this Amendment has been duly authorized, executed, and delivered by Borrower; (b) no action of, or filing with, any Governmental Authority is required to
authorize, or is otherwise required in connection with, the execution, delivery, and performance by
Borrower of this Amendment; (c) the Loan Documents, as amended by this Amendment, are valid and binding upon Borrower and are enforceable against Borrower in accordance with their respective
terms, except as limited by bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization, or other similar laws affecting creditors' rights generally, and general principles of equity;
(d) the execution, delivery, and performance by Borrower of this Amendment do not require the consent of any other Person and do not and will not constitute a violation of its certificate of
incorporation, bylaws, or order of any Governmental Authority, or material agreements to which Borrower is a party or by which Borrower is bound; (e) all representations and warranties in the
Loan Documents are true and correct in all material respects on and as of the date of this Amendment, except to the extent that (i) any of them speak to a different specific date, or
(ii) the facts on which any of them were based have been changed by transactions contemplated or permitted by the Credit Agreement; and (f) both before and after giving effect to this
Amendment, no Default exists. 

        7.    MISCELLANEOUS.    Unless stated otherwise (a) the singular number includes the plural and  vice versa and words of any
gender include each other gender, in each case, as appropriate, (b) headings and captions may not be construed in
interpreting provisions, (c) this Amendment shall be construed, and its performance enforced, under Texas law, (d) if any part of this Amendment is for any reason found to be
unenforceable, all other portions of it nevertheless remain enforceable, and (e) this Amendment may be executed in any number of counterparts with the same effect as if all signatories had
signed the same document, and all of those counterparts must be construed together to constitute the same document. 

2

 

        8.    ENTIRETIES.    The Credit Agreement and the other Loan Documents, as amended by this
Amendment, represent the final agreement between the parties about the subject matter of the Credit Agreement and may not be contradicted by evidence of prior, contemporaneous, or subsequent oral
agreements of the parties. There are no unwritten oral agreements between the parties.

[Remainder of Page Intentionally Left Blank; Signature Pages to Follow]

3

 
 
 

Signature Page to Third Amendment to Credit Agreement,    
  

Dated
as of September 13, 2002, but effective as of July 31, 2002

amending Credit Agreement, dated June 6, 2001,

by and among Carreker Corporation, as Borrower,

J.P. Morgan Chase Bank, as Administrative Agent,

and the Lenders named on Schedule 2.01 thereto 

	 	CARREKER CORPORATION
	

 	

By:	
 	

/s/  JOHN D. CARREKER, JR.      
 John D. Carreker, Jr.

Chief Executive Officer
	

 	
J.P. MORGAN CHASE BANK, individually as a

Lender and Issuing Bank and as Administrative

Agent
	

 	

By:	
 	

/s/  MAE REEVES      
 Mae Reeves

Vice President
	

 	
COMPASS BANK,

Individually as a Lender

and as Syndication Agent
	

 	

By:	
 	

/s/  R. BRUCE FREY      
 R. Bruce Frey

Vice President

4

 
 
 

Signature Page to Third Amendment to Credit Agreement,    
  

Dated
as of September 13, 2002, but effective as of July 31, 2002,

amending Credit Agreement, dated June 6, 2001,

by and among Carreker Corporation, as Borrower,

J.P. Morgan Chase Bank, as Administrative Agent,

and the Lenders named on Schedule 2.01 thereto 

	 	FIRSTAR BANK, N.A.
	

 	

By:	
 	

/s/  JOSEPH L. SOOTER      
 Name: Joseph L. Sooter

Title: Vice President
	

 	
WELLS FARGO BANK TEXAS,

NATIONAL ASSOCIATION
	

 	

By:	
 	

 
	 	 	 	

	 	Name:	 	 
	 	 	 	

	 	Title:	 	 
	 	 	 	

5

 
 
 

CONSENT OF GUARANTOR    
  

        To induce Lenders to enter into this Amendment, the undersigned (a) consents and agrees to execution and delivery of the Amendment, (b) ratifies and
confirms that all guaranties, assurances, and Liens granted, conveyed, or assigned to Lender under the Loan Documents are not released, diminished, impaired, reduced, or otherwise adversely affected
by this Amendment and continue to guarantee, assure, and secure the full payment and performance of all present and future Obligation, (c) that any liens and security interests in any
collateral created under the Loan Documents secure, among other indebtedness, Borrower's obligations under the Credit Agreement, as amended by the Amendment, (d) all liabilities and obligations
guaranteed by the undersigned pursuant to any guaranty executed by the undersigned include, without limitation, the indebtedness evidenced by the Credit Agreement, as amended by the Amendment,
(e) agrees to perform such acts and duly authorize, execute, acknowledge, deliver, file, and record such additional guaranties, assignments, security agreements, deeds of trust, mortgages, and
other agreements, documents, instruments, and certificates as Administrative Agent may reasonably deem necessary or appropriate in order to create, perfect, preserve, and protect those guaranties,
assurances, and Liens, (f) represents and warrants to Administrative Agent and the Lenders that (i) the value of the consideration received and to be received by the undersigned in
respect of those guaranties, assurances, and Liens are reasonably worth at least as much as the liability and obligation of the undersigned thereunder, (ii) the liability and obligation may
reasonably be expected to directly or indirectly benefit the undersigned, and (iii) the undersigned is and after giving effect to those guaranties, assurances, Liens, and the Loan Documents, in
light of all existing facts and circumstances (including, without limitation, collateral for and other obligors in respect of the Obligation and various components of it and various rights of
subrogation and contribution), will be solvent, and (g) waives notice of acceptance of this consent and agreement, which consent and agreement binds the undersigned and its successors and
permitted assigns and inures to Lenders and their successors and permitted assigns. 

        Executed
September 13, 2002, but effective as of July 31, 2002. 

	 	CARREKER CHECK SOLUTIONS, LLC,

A Delaware limited liability company
	

 	

By:	
 	

/s/  JOHN D. CARREKER, JR.      
 John D. Carreker, Jr.

President and Chief Executive Officer

6

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THIRD AMENDMENT TO CREDIT AGREEMENT

R E C I T A L S

Signature Page to Third Amendment to Credit Agreement,

Signature Page to Third Amendment to Credit Agreement,

CONSENT OF GUARANTOR

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