Document:

Exhibit

MoneyGram      
bringing you closer

Amendment 1 to the
CO-BRANDED MTaaS WEBSITE ADDENDUM  

Legal Dept.
MGI 1100 (03/10)

This Amendment 1 to the CO-BRANDED MTaaS WEBSITE ADDENDUM (this “Amendment”) is entered into by and between MoneyGram Payment Systems, Inc. (“MoneyGram”) and Wal-Mart Stores, Inc. (“Walmart”) and shall modify and supplement the terms of the Attachment M, CO-BRANDED MTaaS WEBSITE ADDENDUM  (the “MTaaS Attachment”)  to the Amended and Restated Master Trust Agreement, dated as of February 1, 2016, as amended by the Amendment No. 1 to the Amended and Restated Master Trust Agreement, dated as of August 26, 2016, as amended by Amendment 2 to the Amended and Restated Master Trust Agreement dated as of October 25, 2016, and as further amended by Amendment No. 5 to Amended and Restated Master Trust Agreement dated as of January 1, 2017, as amended (the “Agreement”) between MoneyGram and Walmart.  The terms used herein and not defined herein shall have the meaning ascribed to them in the Agreement.

WHEREAS, Walmart and MoneyGram desire to amend the terms of Attachment M -Co-Branded MTaaS Website Addendum (the “Addendum”) which was made effective August 26, 2016 (the “MTaaS Attachment”).
    
NOW THEREFORE, in consideration of the promises and the mutual covenants of the Parties hereinafter set forth, the Parties hereto agree as follows
		
	1.
	Incorporation.    MoneyGram will offer the MTaaS Bill Payment Services, as defined in the Amendment , through the MTaaS Co-Branded Site. 

		
	2.
	Additional Definitions.

(a)    Terms not defined in this Amendment are as defined in the Agreement.  As used in this Amendment, the following terms have the meaning ascribed to such terms below:

“Bill Pay Transaction” means a transaction by a Co-branded Customer using the MTaaS Bill Payment Services.

“Biller” is a third party business entity provider of certain products and/or services to whom payments are being made by Co-branded Customer on the MTaaS Co-Branded Site.

“Completed Bill Pay Transaction” means a valid and fully funded Bill Pay Transaction by a Co-branded Customer on the MTaaS Co-Branded Site.

“MTaaS Bill Payment Services” means MoneyGram’s MTaaS Bill Payment Services pursuant to which Co-branded Customer may make payments on the MTaaS Co-Branded Site to Billers, including, but not limited to, the payment of bills, prepaid services and corrections services.

“MTaaS BP Transfer Amount” means the funds collected by MoneyGram from a consumer for the purposes of being remitted or transferred to a Biller .

(b)    The MTaaS Bill Payment Services shall be added to the definition of MTaaS Co-Branded Services as defined in the MTaaS Attachment.  Except as expressly set forth in this Amendment, all terms, conditions and provisions of the Agreement and the MTaaS Attachment apply to the MTaaS Bill Payment Services.  Except with respect to Section 12(f) of the MTaaS Attachment and as expressly set forth in this Amendment, Bill Pay Transactions constitute “Transactions” for the purposes of the MTaaS Attachment and Completed Bill Pay Transactions constitute Completed Transactions for the purposes of the MTaaS Attachment.

		
	3.
	Term and Termination. This Amendment  shall commence on the Amendment Effective Date and continue for the Term of the Agreement, unless the Agreement is terminated prior to the end of the Term in accordance with Section 9 of the  Agreement.

1 The appearance of [*] denotes confidential information that has been omitted from this Exhibit 10.14 and filed separately with the Securities and Exchange Commission pursuant to a confidential treatment request under Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

1 

		
	4.
	MTaaS Bill Payment Service Compensation. MoneyGram will pay Walmart a commission for each completed Bill Pay Transaction (the “BP MTaaS Commission”) in accordance with Section 12 of the MTaaS Attachment, including without limitation Sections 12(c), (d) and (e) as follows:  [*] of the per transaction BP Commission rate set forth in Attachment  B -Bill Payment Service Attachment, Section I. In the event Walmart is able to assume full responsibility for funding and payment authentication/authorization,   the BP MTaaS  Commission   under   this   Section   for   each   completed Bill Pay Transaction shall be [*]% of the per transaction BP Commission rate set forth in Attachment B -Bill Payment Services Attachment, Section I. MoneyGram and Walmart may agree from time to time to implement special initiatives for certain transactions.  For those special initiatives, the Parties may agree to a modified MTaaS BP Commission for such transactions.

		
	5.
	Marketing Fund.  For the purposes of the first two sentences of Section 12(f) of the MTaaS Attachment, completed Bill Pay Transactions do not constitute “Completed Transactions,” and neither Walmart nor MoneyGram shall be obligated to allocate any amounts to the Marketing Fund with respect to any completed Bill Pay Transactions.  Subject to the mutual agreement of the Parties, funds in the Marketing Fund may be used for the promotion and marketing of the Bill Pay Transactions.

		
	6.
	Reporting. Section 6, "Reporting," of Exhibit A of the MTaaS Attachment is deleted in its entirety and replaced by the following:

“6.    Reporting -  MoneyGram  will  provide  Walmart  with  certain  reporting  relating  to  the Transactions.   Such reporting shall be provided in a format and delivered to Walmart in a manner mutually agreed to by the Parties.  MoneyGram shall provide Walmart with the following reporting based on the applicable frequency noted:

Reports to be provided on a weekly basis:

*    Total Transaction Amounts of Money Transfer Transactions;

*    Total number of Money Transfer Transactions;

*    Total Bill Payment Transaction Amounts;

*    Total number of Completed Bill Pay Transactions;

*    Estimated total Walmart Commission as a dollar value;

*    Total Bill Pay Transactions by biller vertical;

*    Top 30 billers by Bill Pay Transaction volume;

*    Total visits and unique visitors to MTaaS Co-Branded Site;

*    Percentage of customer visits to the MTaaS Co-Branded Site that performed Transactions;

*    Average money transfer transaction amount as a dollar value;
    
*    The Parties agree to key conversion rates e.g. % of sign-up, % of successful transactions;

       *     Traffic data report (sessions and conversion rate by channel);

*    any other key reports and metrics that the Parties agree.

Reports to be provided on a monthly basis (based on a calendar month):

*    Monthly scorecard & actual commission reports;

*    Total Commission Fees as a dollar value;

		
	*
	The number of cancelled Transactions, the dollar amount of cancelled Transactions, and any amounts deducted from Walmart Commissions due to cancelled Transactions;

2 

		
	7.
	Binding Effect. This Amendment shall bind and inure to the benefit of the parties hereto and their respective heirs, successors and assigns. 

		
	8.
	Interpretation.  In the event of any conflict between the terms of this Amendment and the terms of the Agreement and any other amendment or addendum thereto with respect to the subject matter hereof, the terms of this Amendment shall control.

		
	9.
	Entire Agreement.  This Amendment supplements, amends, modifies and is made a part of the Agreement and together therewith, shall constitute the entire agreement between the parties hereto with respect to the subject matter hereof.  This Amendment supersedes all prior understandings, arrangements or agreements, whether verbal or written, between the parties hereto with respect to the subject matter hereof. Except as expressly amended, supplemented or modified by this Amendment, the Agreement and any addendum or amendment thereto shall continue in full force and effect.

		
	10.
	Effective Date.  This Amendment shall be effective on the date of the last signature below. (the “Amendment Effective Date”).

 	
		
	AGREED:
	 

	MoneyGram Payment Systems, Inc.
	Wal-Mart Stores, Inc.

	(MoneyGram)    
	(Walmart)

	By: /s/ W. Alexander Holmes
	By: /s/ Daniel Eckert

	Name: W. Alexander Holmes
	Name: Daniel Eckert

	Title: Chief Executive Officer
	Title: SVP

	Date: February 22, 2017
	Date: February 22, 2017

3Exhibit

Amendment No. 8 to
Credit and Security Agreement 
This Amendment No. 8 to Credit and Security Agreement (this “Amendment”), dated as of May 4, 2017, is made by and among Mohawk Factoring, LLC, a Delaware limited liability company (the “Borrower”), Mohawk Servicing, LLC, a Delaware limited liability company (the “Servicer”) the Lenders party hereto, the Liquidity Banks party hereto, the Co-Agents party hereto and SunTrust Bank, a Georgia banking corporation, as administrative agent (in such capacity, the “Administrative Agent”).
WITNESSETH:
Whereas, the Borrower, the Servicer, the Lenders, the Liquidity Banks, the Co-Agents and the Administrative Agent previously entered into that certain Credit and Security Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “Credit and Security Agreement”), dated as of December 19, 2012; and
Whereas, the Borrower and the Servicer have requested that the Administrative Agent, the Lenders, the Liquidity Banks and the Co-Agents agree to amend the Credit and Security Agreement to add a New Originator and the Administrative Agent, the Lenders, the Liquidity Banks and the Co-Agents are willing to do so under the terms and conditions set forth in this Amendment;
Now, Therefore, in consideration of the mutual agreements herein contained and other good and valuable consideration, receipt and sufficiency of which are hereby acknowledged by the parties hereto, the parties hereto agree as follows:
Section 1.    Definitions.  Capitalized terms not otherwise defined herein shall have the meanings given to them in the Credit and Security Agreement.
Section 2.    Amendments to the Credit and Security Agreement. 
The defined term “Originator” appearing in Exhibit I to the Credit and Security Agreement is hereby amended and restated in its entirety and as so amended and restated shall read as follows:
“Originator” means each of Mohawk Carpet Distribution, Inc., a Delaware corporation, Dal‐Tile Distribution, Inc., a Delaware corporation, Unilin North America, LLC, a Delaware limited liability company, Aladdin Manufacturing of Alabama, LLC, an Alabama limited liability company, and each other Originator that becomes a party to the Receivables Sale Agreement pursuant to the terms thereof, in each case, in its capacity as a seller under the Receivables Sale Agreement.
Section 3.    Representations of the Borrower.  The Borrower hereby represents and warrants to the parties hereto that as of the date hereof each of the representations and warranties contained in the Credit and Security Agreement is true and correct as of the date hereof and after giving effect to this Amendment (except to the extent that such representations and warranties expressly refer to an earlier date, in which case they are true and correct as of such earlier date); provided, that with respect to those contained in Section 5.1(a), (e), (f), (l), (u) and (w) of the Credit and Security Agreement, the determination of whether any 

Material Adverse Effect has occurred as set forth therein shall be made solely by the Borrower, in its reasonable, good faith judgment.
Section 4.    Conditions Precedent.  The effectiveness of this Amendment is subject to the satisfaction of all of the following conditions precedent:
(a)    Administrative Agent shall have received a fully executed counterpart of this Amendment;
(b)    Administrative Agent shall have received a duly executed Performance Guarantor’s Acknowledgment and Consent;
(c)    Administrative Agent shall have received a fully executed counterpart of that certain Second Joinder Agreement to Receivables Sale Agreement with respect to Aladdin Manufacturing of Alabama, LLC (the “New Originator”) dated as of the date hereof;
(d)    Administrative Agent shall have received with respect to the New Originator items numbered 2 through 5 of Schedule A to the Receivables Sale Agreement including resolutions, certificate of formation, limited liability company agreement, an incumbency certificate and a good standing;
(e)    Administrative Agent shall have received opinions of Alston & Bird LLP as to enforceability, UCC and general corporate matters;
(f)    each representation and warranty of the Borrower contained herein shall be true and correct; and
(g)    no Amortization Event shall have occurred and be continuing. 
Section 5.    Amendment.  The parties hereto hereby agree that the provisions and effectiveness of this Amendment shall apply to the Credit and Security Agreement as of the date hereof.  Except as amended by this Amendment, the Credit and Security Agreement remains unchanged and in full force and effect.  This Amendment is a Transaction Document.
Section 6.    Counterparts.  This Amendment may be executed by the parties in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument.
Section 7.    Captions.  The headings of the Sections of this Amendment are for convenience of reference only and shall not modify, define, expand or limit any of the terms or provisions of this Amendment.
Section 8.    Successors and Assigns.  The terms of this Amendment shall be binding upon, and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns.
Section 9.    Severability.  Any provision of this Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

Section 10.    Governing Law and Jurisdiction.  The provisions of the Credit and Security Agreement with respect to governing law and consent to jurisdiction are incorporated in this Amendment by reference as if such provisions were set forth herein.
[Signatures appear on following page.]

IN WITNESS WHEREOF, the parties hereto have each caused this Amendment to be duly executed by their respective duly authorized officers as of the day and year first above written.
Mohawk Factoring, LLC, as Borrower
		
	By:
	/s/ John J Koach                

Name:    John J Koach
Title:    Secretary
Mohawk Servicing, LLC, as Servicer
		
	By:
	/s/ Shailesh Bettadapur            

Name:    Shailesh Bettadapur
Title:    Vice President and Treasurer
SunTrust Bank, as a Non-Conduit Lender
		
	By:
	/s/ David Hufnagel            

Name:    David Hufnagel
Title:    Vice President
SunTrust Bank, as Co-Agent and Administrative Agent
		
	By:
	/s/ David Hufnagel            

Name:    David Hufnagel
Title:    Vice President

The Bank of Tokyo‐Mitsubishi UFJ, Ltd., New York Branch, as a Non-Conduit Lender and as Co‐Agent
		
	By:
	/s/ Richard Gregory Hurst            

Name:    Richard Gregory Hurst
Title:    Managing Director

Mizuho Bank, Ltd., as a Non-Conduit Lender and as Co‐Agent
		
	By:
	/s/ Donna DeMagistris            

Name:    Donna DeMagistris
Title:    Authorized Signatory

PNC Bank, National Association, as a Non-Conduit Lender and as Co‐Agent 
		
	By:
	/s/ Eric Bruno                

Name:    Eric Bruno
Title:    Senior Vice President

Wells Fargo Bank, National Association, as a Non-Conduit Lender and as Co‐Agent
		
	By:
	/s/ Isaac Washington            

Name:    Isaac Washington
Title:    Vice President

Performance Guarantor’s Acknowledgment and Consent
The undersigned, Mohawk Industries, Inc., has heretofore executed and delivered the Performance Undertaking dated as of December 19, 2012 (the “Performance Undertaking”) and hereby consents to the Amendment No. 8 to the Credit and Security Agreement as set forth above and confirms that the Performance Undertaking and all of the undersigned’s obligations thereunder remain in full force and effect.  The undersigned further agrees that the consent of the undersigned to any further amendments to the Credit and Security Agreement shall not be required as a result of this consent having been obtained, except to the extent, if any, required by the Performance Undertaking referred to above.
Mohawk Industries, Inc.
		
	By:
	/s/ Shailesh Bettadapur            

Name:    Shailesh Bettadapur
Title:    Vice President and Treasurer

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