Document:

EX-10.1

 Exhibit 10.1 
 Execution Version 
 REVEL AC, INC. 

FIFTH AMENDMENT TO CREDIT AGREEMENT 
 This FIFTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is dated as of February 12, 2013, and entered into among Revel AC, Inc., a Delaware corporation (the
“Borrower”), the Guarantors, the Lenders party hereto and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and as issuing bank (in such capacity, the
“Issuing Bank”). Reference is made to the Credit Agreement dated as of May 3, 2012 (as amended pursuant to that certain First Amendment to Credit Agreement, dated as of August 22, 2012, that certain Incremental Facility
Amendment, dated as of August 22, 2012, that certain Incremental Facility Amendment, dated as of August 27, 2012, that certain Second Amendment to Credit Agreement, dated as of December 20, 2012; that certain Third Amendment to Credit
Agreement, dated as of January 30, 2013; and that certain Fourth Amendment to Credit Agreement, dated as of February 5, 2013, as so amended, the “Credit Agreement”), among the Borrower, the Guarantors, the Lenders party
thereto, the Administrative Agent, the Collateral Agent and the other parties thereto. Capitalized terms used herein without definition shall have the same meanings as set forth in the Credit Agreement (as amended by this Amendment). 

W I T N E S S E T H : 

WHEREAS, Borrower has requested certain amendments to the Credit Agreement in the manner set forth in this Amendment; and 

WHEREAS, the Lenders that have signed this Amendment, the Issuing Bank and the Administrative Agent have consented and agreed to the
modifications to the Credit Agreement set forth in this Amendment, subject to the terms and conditions of this Amendment. 

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration the receipt and sufficiency of which is
hereby acknowledged, the parties hereto hereby agree as follows: 
 1. Amendments to the Credit Agreement. 

(A) The following definition of “Escrow Agent” is hereby added to Section 1.01 in the correct alphabetical
order: 
 “‘Escrow Agent” shall mean Fidelity National Title Insurance Company (or such other escrow agent
as the Administrative Agent and Borrower shall designate).” 
 (B) The following definition of “Fifth
Amendment” is hereby added to Section 1.01 in the correct alphabetical order: 
 “‘Fifth
Amendment” shall mean that certain Fifth Amendment to Credit Agreement, dated as of the Fifth Amendment Effective Date, among the Borrower, the Guarantors, the Lenders party thereto, the Administrative Agent and the Issuing Bank.”

 (C) The following definition of “Fifth Amendment Effective Date” is hereby
added to Section 1.01 in the correct alphabetical order: 
 “‘Fifth Amendment Effective Date”
shall mean February 12, 2013.” 
 (D) The following definition of “Second Amendment Day Club CapEx
LC” is hereby added to Section 1.01 in the correct alphabetical order: 
 “Second Amendment Day
Club CapEx LC” shall mean a reducing Letter of Credit issued for the account of the Borrower for the benefit of the Escrow Agent (or such other Person as may be approved by the Administrative Agent in its sole discretion) to pay for Second
Amendment Day Club CapEx in accordance with Schedule 3.12 to the Second Amendment (as modified pursuant to Schedule 3.12 to the Fifth Amendment).” 
 (E) The following definition of “Second Amendment Day Club CapEx LC Maximum Amount” is hereby added to Section 1.01 in the correct alphabetical order: 

“Second Amendment Day Club CapEx LC Maximum Amount” shall mean, as of any date of determination, an amount equal to
$9,500,000 less the amount drawn under the Second Amendment Day Club CapEx LC at any time prior to such date plus the amount by which the Second Amendment Day Club CapEx LC Maximum Amount may be increased pursuant to Schedule 3.12 to the
Second Amendment (as modified pursuant to Schedule 3.12 to the Fifth Amendment).” 
 (F) Section 2.18(b)
of the Credit Agreement is hereby amended by deleting “$5.0 million” in clause (i) of the final sentence thereof and inserting in replacement therefor “the sum of (x) $5.0 million plus (y) the then applicable
Second Amendment Day Club CapEx LC Maximum Amount.” 
 (G) Section 2.18(j) of the Credit Agreement is hereby
amended by deleting the first sentence thereof in its entirety and inserting the following in replacement therefor: 

“From and after the Fifth Amendment Effective Date, as a condition precedent to the issuance by any Issuing Bank of a Letter of
Credit (excluding the Second Amendment Day Club CapEx LC) or the amendment to any Letter of Credit outstanding as of the Fifth Amendment Effective Date that has the result of increasing the face amount thereof (excluding an amendment to the Second
Amendment Day Club CapEx LC that does not result in the face amount thereof being in excess of the lesser of (x) $9,500,000 and (y) the Second Amendment Day Club CapEx LC Maximum Amount as of the date of such amendment), Borrower shall
provide Cash Collateral in an amount equal to one hundred three percent (103%) of the LC Exposure with respect to such Letters of Credit (or (A) with respect to a Letter of Credit outstanding as of the Second Amendment Effective Date in an
amount equal to the increase in the face amount thereof, if any or (B) with respect to the Second Amendment Day Club CapEx LC in an amount equal to the increase in the face amount thereof in excess of the lesser of (x) $9,500,000 and
(y) the Second Amendment Day Club CapEx LC Maximum Amount as of the date of such amendment, if any).” 

  
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 (H) Section 3.12 of the Credit Agreement is hereby amended by deleting such
section in its entirety and inserting the following in replacement therefor: 
 “SECTION 3.12 Use of Proceeds.

 (a) Borrower will use the proceeds of the Revolving Loans only for working capital, general corporate purposes and for Second
Amendment Amenities CapEx to the extent set forth on Schedule 3.12 to the Second Amendment (as modified pursuant to Schedule 3.12 to the Fifth Amendment). 
 (b) Borrower will use the proceeds of the Term Loan only (i) for application on the Second Amendment Effective Date to the payment of the then outstanding principal balance and all other amounts due
and owing with respect to each Loan outstanding immediately prior to the effectiveness of the Second Amendment and (ii) for the purposes set forth on Schedule 3.12 to the Second Amendment (as modified pursuant to Schedule 3.12 to
the Fifth Amendment).” 
 (I) Section 6.10(d)(ii) of the Credit Agreement is hereby amended by deleting such
section in its entirety and inserting the following in replacement therefor: 
 “(ii) Permit Expansion Capital Expenditures
commenced after the Second Amendment Effective Date other than (x) those reflected in the budget utilized in the construction of the Project or incurred in connection with the construction of the Project (including those funded pursuant to the
Disbursement Agreement) and (y) those set forth on Schedule 3.12 to the Second Amendment (as modified pursuant to Schedule 3.12 to the Fifth Amendment) in the amounts set forth thereon.” 

(J) Section 6.10(e) of the Credit Agreement is hereby amended by deleting such section in its entirety and inserting the
following in replacement therefor: 
 “(e) Minimum Liquidity Requirement. Permit, at any time during the periods set
forth below, the sum of (x) the unused amount of the Revolving Commitments plus (y) the lesser of (1) $5,000,000 and (2) the amount of Cash and Cash Equivalents of the Borrower (excluding Cage Cash and amounts held in
accounts subject to the Disbursement Agreement or the Second Amendment Escrow Agreement or in a blocked account at the Administrative Agent pending transfer to the Second Amendment Escrow Agreement) (the sum of (x) and (y), together, the
“Minimum Liquidity Requirement”) to be less than the sum of (a) the Second Amendment Amenities CapEx Budget Reserve as of the date of determination and (b) the amounts set below for such periods: 

 

					
	 TIME PERIOD
	  	MINIMUM LIQUIDITY
REQUIREMENT	 
	 12/20/12 through 1/29/13
	  	$	75,000,000	  
	 1/30/13 through 2/8/13
	  	$	66,000,000	  
	 2/9/13 through 2/12/13
	  	$	59,000,000	  
	 2/13/13 through 2/19/13
	  	$	55,000,000	  
	 2/20/13 through 4/15/13
	  	$	50,000,000	  
	 4/16/13 through 5/15/13
	  	$	45,000,000	  
	 5/16/13 through 7/1/13
	  	$	20,000,000	  

  
 -3-

 ; provided that the Minimum Liquidity Requirement shall be decreased for the period from, and
including, the Business Day immediately preceding a holiday or a weekend to, and including, the Business Day immediately succeeding such holiday or weekend, by the amount, not to exceed $3,000,000 in the aggregate, of any Borrowing of Revolving
Loans the proceeds of which are used by the Borrower to fund Cage Cash during such period, solely to the extent that each such Borrowing is repaid on the last day of such period. 
 The amount of the Minimum Liquidity Requirement is subject to adjustment upwards from time to time in respect of certain amounts received by the Borrower relating to cost efficiencies or other savings in
accordance with the provisions of Schedule 3.12 to the Second Amendment (as modified pursuant to Schedule 3.12 to the Fifth Amendment).” 
 2. Conditions to Effectiveness. This Amendment shall not become effective unless and until the conditions precedent set forth below have been satisfied or the satisfaction thereof has been waived
in writing by the Required Lenders (the date of such effectiveness, the “Fifth Amendment Effective Date”): 

(A) Amendment. Receipt by the Administrative Agent of counterparts of this Amendment, duly executed and delivered by the
Administrative Agent, the Borrower and the Required Lenders (and by executing and delivering a counterpart hereto, each such Person confirms it consents to the amendments to the Credit Agreement and the other provisions set forth herein).

 (B) Consents. All necessary consents to the effectiveness of this Amendment, including any approval of any Gaming
Authority required in accordance with any Gaming Law, shall have been obtained and shall be in full force and effect. 
 3.
Repayment Condition Precedent to Second Amendment Day Club CapEx LC Issuance. As a condition precedent to the issuance of the Second Amendment Day Club CapEx LC, the Revolving Loans shall have been repaid by an amount equal to $9,500,000, and
the Borrower and the Lenders party hereto hereby agree and instruct the Administrative Agent to make such repayment (upon notification by the Borrower) with the $9,500,000 from the proceeds of the Term Loan deposited on the Second Amendment
Effective Date into a blocked account at the Administrative Agent to pay for Second Amendment Day Club CapEx in accordance with Section 3.12 of the Second Amendment. 

  
 -4-

 4. Reference to and Effect on the Credit Agreement. On and after the Fifth Amendment
Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import referring to the Credit Agreement and each reference in the other Loan
Documents to the “Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement as amended hereby. The Credit Agreement and
each other Loan Document, as specifically amended by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. Without limiting the generality of the foregoing, the Security
Documents and all of the Collateral described therein do and shall continue to secure the payment of all Obligations of the Loan Parties under the Loan Documents. The execution, delivery and effectiveness of this Amendment shall not, except as
expressly provided herein, operate as an amendment or waiver of any right, power or remedy of any Lender or Agent under any of the Loan Documents, nor constitute an amendment or waiver of any provision of any of the Loan Documents. 

5. Representations and Warranties. The Borrower hereby represents and warrants as of the Fifth Amendment Effective Date that,
(a) immediately before and after giving effect to this Amendment, no Event of Default or Default has occurred and is continuing and (b) immediately before and after giving effect to this Amendment, each of the representations and
warranties made by the Loan Parties in or pursuant to the Loan Documents shall be true and correct in all material respects on and as of such date as if made on and as of such date, except for representations and warranties expressly stated to
relate to a specific earlier date, in which case such representations and warranties shall be true and correct in all material respects only as of such earlier date. 
 6. Costs and Expenses. Borrower agrees to reimburse the Administrative Agent, each other Agent and each Lender for their respective accrued, unpaid and ongoing expenses incurred by them in
connection with the Credit Agreement and protection of their rights thereunder and this Amendment, including the fees, charges and disbursements of (a) counsel to such parties limited to (i) one primary counsel for the Agents (presently
Cadwalader, Wickersham & Taft LLP), (ii) one primary counsel for the Lenders (presently Paul, Weiss, Rifkind, Wharton & Garrison LLP), (iii) gaming counsel for the Agents (presently Michael & Carroll),
(iv) gaming counsel for the Lenders (presently Fox Rothschild LLP) and (v) to the extent reasonably necessary or advisable, local counsel in New Jersey and (b) any financial advisors, investment bankers and other specialty consultants
retained by the Administrative Agent or counsel for the Agents and the Lenders. 
 7. Headings. Section headings used
herein are for convenience of reference only, are not part of this Amendment and shall not affect the construction of, or be taken into consideration in interpreting, this Amendment. 

8. GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK,
WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

  
 -5-

 9. Counterparts. This Amendment may be executed in counterparts (and by different
parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Amendment by telecopier
or other electronic transmission (i.e. a “pdf” or “tif” document) shall be effective as delivery of a manually executed counterpart of this Amendment. 
 [Signatures on Next Page] 

  
 -6-

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their proper and duly authorized officers as of the date first above written. 
  

					
	REVEL AC, INC.,
	as Borrower
		
	By:	 	 /s/ Alan Greenstein

		 	Name:	 	Alan Greenstein
		 	Title:	 	SVP & CFO
	
	 REVEL AC, LLC,
 as
Guarantor

		
	By:	 	 /s/ Alan Greenstein

		 	Name:	 	Alan Greenstein
		 	Title:	 	SVP & CFO
	
	 REVEL ATLANTIC CITY, LLC,
 as Guarantor

		
	By:	 	 /s/ Alan Greenstein

		 	Name:	 	Alan Greenstein
		 	Title:	 	SVP & CFO
	
	 REVEL ENTERTAINMENT GROUP, LLC,
 as Guarantor

		
	By:	 	 /s/ Alan Greenstein

		 	Name:	 	Alan Greenstein
		 	Title:	 	SVP & CFO
	
	 NB ACQUISITION, LLC,

as Guarantor

		
	By:	 	 /s/ Alan Greenstein

		 	Name:	 	Alan Greenstein
		 	Title:	 	SVP & CFO

  
 [Signature
Page to Fifth Amendment to Credit Agreement] 

 
					
	JPMORGAN CHASE BANK, N.A.,
	as Administrative Agent, Collateral Agent, Swingline Lender, Issuing Bank and a Lender
		
	By:	 	 /s/ Susan E. Atkins

		 	Name:	 	Susan E. Atkins
		 	Title:	 	Managing Director

  
 [Signature
Page to Fifth Amendment to Credit Agreement] 

 
					
	 AMERICAN FUNDS INSURANCE SERIES, HIGH-INCOME BOND FUND

	
	 Capital Research and Management Company, for and on behalf of American Funds Insurance Series, High-Income Bond
Fund

		
	By:	 	 /s/ Kristine M. Nishiyama

		 	Name:	 	Kristine M. Nishiyama
		 	Title:	 	Authorized Signatory

  
 [Signature
Page to Fifth Amendment to Credit Agreement] 

 
					
	AMERICAN HIGH-INCOME TRUST
		
	By:	 	Capital Research and Management Company, for and on behalf of American High-Income Trust
		
	By:	 	 /s/ Kristine M. Nishiyama

		 	Name:	 	Kristine M. Nishiyama
		 	Title:	 	Authorized Signatory

  
 [Signature
Page to Fifth Amendment to Credit Agreement] 

 
					
	WELLS FARGO PRINCIPAL LENDING, LLC,
	as a Lender
		
	By:	 	 /s/ R. Michael Bohannon

		 	Name:	 	R. Michael Bohannon
		 	Title:	 	Managing Director

  
 [Signature
Page to Fifth Amendment to Credit Agreement] 

 
			
	AAI Canyon Fund plc, solely in respect of Canyon Reflection Fund
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory
	
	Canyon Capital Arbitrage Master Fund, Ltd.
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory
	
	Canyon Balanced Master Fund, Ltd.
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory
	
	Canyon Distressed Opportunity Master Fund, L.P.
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory
	
	The Canyon Value Realization Master Fund, L.P.
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory
	
	Canyon-GRF Master Fund, L.P.
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory

  
 [Signature
Page to Fifth Amendment to Credit Agreement] 

 
			
	Canyon-GRF Master Fund II, L.P.
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory
	
	Canyon-TCDRS Fund, LLC
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory
	
	Canyon Value Realization Fund, L.P.
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory
	
	Permal Canyon Fund Ltd.
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory
	
	Canyon Value Realization MAC 18 Ltd.
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory
	
	Citi Canyon Ltd.
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory

  
 [Signature
Page to Fifth Amendment to Credit Agreement] 

 
					
	J. P. Morgan Whitefriars Inc.
		
	By:	 	 /s/ Virginia R. Conway

		 	Name:	 	Virginia R. Conway
		 	Title:	 	Attorney - in - Fact

 
					
	CHATHAM ASSET HIGH YIELD MASTER FUND, LTD.,
	as a Lender
		
	By:	 	Chatham Asset Management, LLC, Investment Advisor
		
	By:	 	 /s/ Kevin O’Malley

		 	Name:	 	Kevin O’Malley
		 	Title:	 	Member

  
 [Signature
Page to Fifth Amendment to Credit Agreement] 

 
					
	CHATHAM EUREKA FUND, L.P.,
	as a Lender
		
	By:	 	Chatham Asset Management, LLC, Investment Advisor
		
	By:	 	 /s/ Kevin O’Malley

		 	Name:	 	Kevin O’Malley
		 	Title:	 	Member

  
 [Signature
Page to Fifth Amendment to Credit Agreement] 

 Schedule 3.12 
 [Attached] 

 Schedule 3.12 
 (A) The definition of “Second Amendment CapEx Basket” in Schedule 3.12 to the Second Amendment is hereby amended by deleting such definition in its entirety and inserting the following in
replacement therefor: 
 ““Second Amendment CapEx Basket” shall mean, as of the date of determination,
(a) the sum of (i) the excess of $10,000,000 over the aggregate amount actually spent by Borrower in respect of Second Amendment Amenities CapEx at the time of the delivery of the certificate of a Responsible Officer of Borrower
pursuant to this Schedule 3.12 certifying substantial completion of such items, (ii) the excess of $9,500,000 over the aggregate amount actually spent by Borrower in respect of Second Amendment Day Club CapEx at the time of substantial
completion of the Day Club, and (iii) the excess of $26,500,000 over the aggregate amount actually spent by Borrower in respect of Second Amendment Completion CapEx at the time of substantial completion of the Second Amendment Completion CapEx,
in each case, as may be increased as a result of a reallocation upon the occurrence of the Second Amendment Amenities CapEx Final Completion, Second Amendment Completion CapEx Final Completion and/or Second Amendment Day Club CapEx Final Completion,
as applicable, less (b) the aggregate amount of any amount of the Second Amendment CapEx Basket used for Second Amendment Amenities CapEx, Second Amendment Day Club CapEx or Second Amendment Completion CapEx in accordance with Schedule
3.12 to the Second Amendment.” 
 (B) The section entitled “Concerning the Second Amendment Day Club CapEx” in
Schedule 3.12 to the Second Amendment is hereby amended by deleting such section in its entirety and inserting the following in replacement therefor: 
 “Concerning the Second Amendment Day Club CapEx 
 On or after the Fifth
Amendment Effective Date, the Issuing Bank shall issue the Second Amendment Day Club CapEx LC for the account of the Borrower for the benefit of the Escrow Agent (or such other Person as may be approved by the Administrative Agent in its sole
discretion) in a face amount equal to the Second Amendment Day Club CapEx LC Maximum Amount. The procedure for drawings by the Escrow Agent (or such other Person for whose benefit the Second Amendment Day Club CapEx LC has been issued) under the
Second Amendment Day Club CapEx LC shall be as set forth in the Second Amendment Escrow Agreement (or, in the event the beneficiary of the Second Amendment Day Club CapEx LC is not the Escrow Agent, the other documentation governing such drawings as
may be acceptable to the Administrative Agent, including, without limitation, the drawing certificate for the Second Amendment Day Club CapEx LC) and the proceeds of each such drawing shall be used by the Escrow Agent (or such Person) solely to make
payments with respect to, or as payment for, Second Amendment Day Club CapEx. 
 If Angel Management Group Clubs (“AMG”) honors
its obligation to make a capital contribution to a joint venture of Borrower in respect of the cost of the Second Amendment Day 

 
Club CapEx, such joint venture of Borrower may retain such funds, and the Minimum Liquidity Requirement shall be increased by an amount equal to 75% of the amount of such capital contribution
from AMG. 
 Drawings under the Second Amendment Day Club CapEx LC shall be the sole source of funds for the payment of Second Amendment Day
Club CapEx; provided that in the event that the Second Amendment Day Club CapEx LC is insufficient to complete and pay for the Second Amendment Day Club CapEx, the Second Amendment Day Club CapEx LC Maximum Amount may be increased by Borrower
in an amount not to exceed the amount of Second Amendment CapEx Basket then available upon the delivery of a certificate of a Responsible Officer of the Borrower to the Administrative Agent (i) requesting that the Second Amendment Day Club
CapEx LC Maximum Amount be increased by the amount set forth in such certificate, (ii) describing in detail the reasons for the need for the increase in such amount and (iii) certifying that such amount is then available in the Second
Amendment CapEx Basket (accompanied by calculations supporting such certification). Administrative Agent will promptly forward a copy of each such certificate to the Lenders and the Issuing Bank. 

Borrower shall use its commercially reasonable efforts to cause the Second Amendment Day Club CapEx to be completed by May 31, 2013. The
disbursement of funds for the completion of the Day Club and related matters shall be governed by the Second Amendment Escrow Agreement (or, in the event the beneficiary of the Second Amendment Day Club CapEx LC is not the Escrow Agent, the other
documentation governing such drawings as may be acceptable to the Administrative Agent, including, without limitation, the drawing certificate for the Second Amendment Day Club CapEx LC). Upon Second Amendment Day Club CapEx Final Completion, if the
cost to complete the Second Amendment Day Club CapEx is less than $9,500,000, then, upon cancellation of the Second Amendment Day Club CapEx LC, the face amount of the Second Amendment Day Club CapEx LC as of such cancellation that represents the
excess of $9,500,000 over the actual cost of completion and that have not otherwise been reallocated in respect of the Second Amendment CapEx Basket shall, subject to the option of the Borrower as notified to the Administrative Agent, either
(1) increase the amount of the Minimum Liquidity Requirement by an amount equal to 75% of the amount so cancelled, and the Administrative Agent shall promptly notify the Borrower and the Revolving Lenders of such change or (2) be drawn by
the Borrower as a Revolving Loan, the proceeds of which shall be transferred into a blocked account at the Administrative Agent, subject to the security interest created by the Security Agreement, to be held in such blocked account and reallocated
to the Second Amendment CapEx Basket for further allocation by the Borrower to the amounts set forth in clauses (a)(i) and/or (a)(iii) thereof in accordance with the definition thereof.” 

  
 -2-EX-10.1

 Exhibit 10.1 
 EXECUTION VERSION 
 VOTING AGREEMENT 

VOTING AGREEMENT, dated as of February 19, 2013 (this “Agreement”), by and among Total System Services,
Inc., a Georgia corporation (“Parent”), and each of the Persons listed on Schedule 1 hereto (each a “Stockholder” and collectively, the “Stockholders”). 

W I T N E S S E T H: 
 WHEREAS, concurrently with the execution of this Agreement, NetSpend Holdings, Inc., a Delaware corporation (the “Company”), Parent, and General Merger Sub, Inc., a Delaware
corporation and a wholly owned subsidiary of Parent (“Sub”) are entering into an Agreement and Plan of Merger, dated as of the date hereof (as amended, supplemented, restated or otherwise modified from time to time, the
“Merger Agreement”), pursuant to which, among other things, each outstanding share of (i) the common stock, par value $0.001 per share, of the Company (the “Common Stock”) will be converted into
the right to receive the Merger Consideration, and (ii) each outstanding share of Series A Convertible Preferred Stock will be converted into the right to receive the Preferred Share Merger Consideration, in each case as specified in the Merger
Agreement; 
 WHEREAS, as of the date hereof, each of the Stockholders is the beneficial owner of such Stockholder’s
Existing Shares (as defined herein); 
 WHEREAS, as a condition and inducement to Parent entering into the Merger Agreement,
Parent has required that each Stockholder agree, and each Stockholder has agreed, to enter into this Agreement and abide by the covenants and obligations with respect to such Stockholder’s Covered Shares (as defined herein); and 

WHEREAS, the Board of Directors of the Company has adopted the Merger Agreement and approved the transactions contemplated thereby, and
has approved the execution and delivery of this Agreement in connection therewith, understanding that the execution and delivery of this Agreement by each of the Stockholders is a material inducement and condition to Parent’s willingness to
enter into the Merger Agreement. 

 NOW, THEREFORE, in consideration of the foregoing and the mutual representations,
warranties, covenants and agreements herein contained, and intending to be legally bound hereby, the parties hereto agree as follows: 
 ARTICLE I 
 GENERAL 

1.1 Defined Terms. The following capitalized terms, as used in this Agreement, shall have the meanings set forth below.
Capitalized and other defined terms used but not otherwise defined herein shall have the meanings ascribed thereto in the Merger Agreement. 
 “Affiliate” means, with respect to any Person, any other Person that directly, or indirectly through one or more intermediaries, controls, is controlled by or is under common
control with, such specified Person; provided that the Company shall not be deemed an Affiliate of the Stockholder. 

“Beneficial Ownership” has the meaning ascribed to such term in Rule 13d-3 under the Securities Exchange Act of
1934, as amended. The terms “Beneficially Own”, “Beneficially Owned” and “Beneficial Owner” shall each have a correlative meaning. 

“control” (including the terms “controlled by” and “under common control
with”), with respect to the relationship between or among two or more Persons, means the possession, directly or indirectly, of the power to direct or cause the direction of the affairs or management of a Person, whether through the
ownership of voting securities, as trustee or executor, by contract or any other means. 
 “Covered
Shares” of a Stockholder (and each Stockholder’s “Covered Shares”) means the specified Stockholder’s Existing Shares, together with any shares of Common Stock or other voting capital stock of the
Company and any shares of the Common Stock or other stock of the Company issuable upon the conversion, exercise or exchange of securities that are as of the relevant date securities convertible into or exercisable or exchangeable for shares of
Common Stock or other voting capital stock of the Company, in each case that such specified Stockholder has or acquires Beneficial Ownership of on or after the date hereof. 
 “Encumbrance” means any security interest, pledge, mortgage, lien (statutory or other), charge, option to purchase, lease or other right to acquire any interest or any claim,
restriction, covenant, title defect, hypothecation, assignment, deposit arrangement or other encumbrance of any kind or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including any
conditional sale or other title retention agreement). The term “Encumber” shall have a correlative meaning. 
 “Existing Shares” of a Stockholder (and a Stockholder’s “Existing Shares”) means the shares of Common Stock and Series A Convertible Preferred Stock
set forth opposite such Stockholder’s name on Schedule 1 hereto. 
 “Expiration Date” shall
mean the date that the Merger Agreement shall terminate in accordance with its terms. 
 “Permitted
Transfer” means a Transfer of Covered Shares by a Stockholder (a) to an Affiliate of such Stockholder, provided, that, (i) such Affiliate shall remain an Affiliate of such Stockholder at all times following such
Transfer, and (ii) prior to the effectiveness of such Transfer, such transferee executes and delivers to Parent a written agreement, in form and substance acceptable to Parent, to assume all of such

  
 2 

 
Stockholder’s obligations hereunder in respect of the securities subject to such Transfer and to be bound by the terms of this Agreement, with respect to the securities subject to such
Transfer, to the same extent as such Stockholder is bound hereunder and to make each of the representations and warranties hereunder in respect of the securities transferred as such Stockholder shall have made hereunder, or (b) at any time
after the date on which the Stockholder Approval is obtained, pursuant to (i) a pro rata distribution to partners or members of such Stockholder in accordance with the terms of such Stockholder’s organizational documents, or (ii) the
execution of a total return swap or similar transaction, so long as such Stockholder retains record ownership and the right to vote the Covered Shares. 
 “Person” means any individual, corporation, limited liability company, limited or general partnership, joint venture, association, joint-stock company, trust, unincorporated
organization, government or any agency or political subdivision thereof or any other entity, or any group comprised of two or more of the foregoing. 
 “Representatives” means the officers, directors, employees, agents, advisors and Affiliates of a Person. 
 “Subsidiary” means, with respect to any Person, any corporation or other entity, whether incorporated or unincorporated, (i) of which such Person or any other Subsidiary of
such Person is a general partner, or (ii) at least a majority of the securities or other interests of which having by their terms ordinary voting power to elect a majority of the board of directors or others performing similar functions with
respect to such corporation or other entity is directly or indirectly owned or controlled by such Person or by any one or more of its Subsidiaries, or by such Person and one or more of its Subsidiaries; provided that the Company shall in no
event be deemed a Subsidiary of a Stockholder. 
 “Transfer” means, directly or indirectly, to sell,
transfer, assign, pledge, Encumber, hypothecate or similarly dispose of (by merger (including by conversion into securities or other consideration), by tendering into any tender or exchange offer, by testamentary disposition, by operation of law or
otherwise), either voluntarily or involuntarily, or to enter into any contract, option or other arrangement or understanding with respect to the voting of or sale, transfer, assignment, pledge, Encumbrance, hypothecation or similar disposition of
(by merger, by tendering into any tender or exchange offer, by testamentary disposition, by operation of law or otherwise). 

ARTICLE II 
 VOTING 
 2.1 Agreement to Vote. 

(a) Each Stockholder (severally and not jointly) hereby irrevocably and unconditionally agrees that during the term of this Agreement, at
the Stockholder Meeting and at any other meeting of the stockholders of the Company, however called, including any adjournment or postponement thereof, and in connection with any action proposed to be taken by written consent of the stockholders of
the Company, such Stockholder shall, in each case to the fullest extent that the Covered Shares of such Stockholder are entitled to vote thereon or consent thereto: 
 (i) appear at each such meeting or otherwise cause the Covered Shares to be counted as present thereat for purposes of calculating a quorum; and 

 

  
 3 

 (ii) vote (or cause to be voted), in person or by proxy, or deliver (or cause to be
delivered) a written consent (if then permitted under the Company’s certificate of incorporation) covering, all of such Covered Shares (A) in favor of the adoption and approval of the Merger Agreement and approval of the Merger and other
transactions contemplated by the Merger Agreement and any action reasonably requested by the Parent in furtherance of the foregoing, including, without limiting any of the foregoing obligations, in favor of any proposal to adjourn or postpone any
meeting of the stockholders of the Company at which any of the foregoing matters are submitted for consideration and vote of the stockholders of the Company to a later date if there are not sufficient votes for approval of such matters on the date
on which the meeting is held to vote upon any of the foregoing matters; (B) against any action or agreement that would result in a breach of any covenant, representation or warranty or any other obligation or agreement of the Company contained
in the Merger Agreement, or of such Stockholder contained in this Agreement; and (C) against any Acquisition Proposal, Acquisition Transaction or Superior Proposal and against any other action, agreement or transaction involving the Company or
any of its Subsidiaries that is intended, or would reasonably be expected to, materially impede, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger or the other transactions contemplated by the Merger
Agreement or this Agreement or the performance by the Company of its obligations under the Merger Agreement or by such Stockholder of its obligations under this Agreement, including (I) any extraordinary corporate transaction, such as a merger,
consolidation or other business combination involving the Company or its Subsidiaries (other than the Merger); (II) a sale, lease or transfer of a material amount of assets of the Company or any of its Subsidiaries or any reorganization,
recapitalization or liquidation of the Company or any of its Subsidiaries or (III) any change in the present capitalization of the Company or any amendment or other change to the Company’s certificate of incorporation or bylaws. 

(b) Each Stockholder hereby waives, and agrees not to exercise or assert, any appraisal or similar rights (including under
Section 262 of the DGCL) in connection with the Merger. 
 (c) The obligations of each Stockholder specified in this
Section 2.1 shall apply whether or not the Merger or any action described above is recommended by the Board of Directors of the Company (or any committee thereof). 
 2.2 No Inconsistent Agreements. Each Stockholder (severally and not jointly) hereby covenants and agrees that, except for this Agreement, such Stockholder (a) has not entered into, and shall
not enter into at any time while the Merger Agreement remains in effect, any voting agreement or 

  
 4 

 
voting trust with respect to the Covered Shares of such Stockholder, (b) has not granted, and shall not grant at any time while the Merger Agreement remains in effect, a proxy (except
pursuant to Section 2.3), consent or power of attorney with respect to the Covered Shares of such Stockholder and (c) has not taken and shall not knowingly take any action that would make any representation or warranty of such
Stockholder contained herein untrue or incorrect or have the effect of preventing or disabling such Stockholder from performing any of its obligations under this Agreement; provided, however, that this Section 2.2 shall not
preclude such Stockholder from Transferring Covered Shares pursuant to a Permitted Transfer. Each Stockholder (severally and not jointly) hereby represents that all proxies, powers of attorney, instructions or other requests given by such
Stockholder prior to the execution of this Agreement in respect of the voting of such Stockholder’s Covered Shares, if any, are not irrevocable and the Stockholder hereby revokes (and shall cause to be revoked) any and all previous proxies,
powers of attorney, instructions or other requests with respect to such Stockholder’s Covered Shares. 
 2.3 Proxy.
Each Stockholder hereby irrevocably appoints as its proxy and attorney-in-fact, Philip W. Tomlinson, the Chief Executive Officer of Parent, M. Troy Woods, the President and Chief Operating Officer of Parent, and G. Sanders Griffith, III, the Senior
Executive Vice President, General Counsel and Secretary of Parent, and any individual who shall hereafter succeed any such persons, and any other Person designated in writing by Parent, each of them individually, with full power of substitution and
resubstitution, to vote or execute written consents with respect to the Covered Shares of such Stockholder in accordance with Section 2.1 prior to the Expiration Date at the Stockholder Meeting and at any annual or special meetings of
stockholders of the Company (or adjournments thereof) at which any of the matters described in Section 2.1 is to be considered; provided, however, that such Stockholder’s grant of the proxy contemplated by this
Section 2.3 shall be effective if, and only if, such Stockholder has not delivered to the Secretary of the Company at least ten business days prior to the meeting at which any of the matters described in Section 2.1 is to be
considered a duly executed irrevocable proxy card previously approved by Parent directing that the Covered Shares of such Stockholder be voted in accordance with Section 2.1. This proxy, if it becomes effective, is coupled with an
interest, is given as an additional inducement of Parent to enter into the Merger Agreement and shall be irrevocable prior to the Expiration Date, at which time any such proxy shall terminate. Each Stockholder (solely in its capacity as such) shall
take such further action or execute such other instruments as may be necessary to effectuate the intent of this proxy. Parent may terminate this proxy with respect to such Stockholder at any time at its sole election by written notice provided to
such Stockholder. 

  
 5 

 ARTICLE III 

REPRESENTATIONS AND WARRANTIES 
 3.1 Representations and Warranties of Each Stockholder. Each Stockholder (severally and not jointly) hereby represents and warrants to Parent as follows: 

(a) Authorization; Validity of Agreement; Necessary Action. Such Stockholder is a limited liability company, partnership, limited
partnership or a limited liability partnership duly formed or organized, validly existing and in good standing under the laws of the jurisdiction of organization. Such Stockholder has the requisite capacity and authority to execute and deliver this
Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by such Stockholder and, assuming this Agreement constitutes a valid and binding obligation
of Parent, constitutes a legal, valid and binding obligation of such Stockholder, enforceable against such Stockholder in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer, moratorium, reorganization or similar laws
affecting the rights of creditors generally and the availability of equitable remedies (regardless of whether such enforceability is considered in a proceeding in equity or at law). 

(b) Ownership. Unless Transferred pursuant to a Permitted Transfer, (i) such Stockholder’s Existing Shares are, and all
of the Covered Shares owned by such Stockholder from the date hereof through and on the Expiration Date will be, Beneficially Owned and owned of record by such Stockholder and (ii) such Stockholder has good and valid title to such
Stockholder’s Existing Shares, free and clear of any Encumbrances other than pursuant to this Agreement, the Merger Agreement, under applicable federal or state securities laws or pursuant to any written policies of the Company only with
respect to restrictions upon the trading of securities under applicable securities laws. As of the date hereof, such Stockholder’s Existing Shares constitute all of the shares of Common Stock and Series A Convertible Preferred Stock (or any
other equity interests of the Company) Beneficially Owned or owned of record by such Stockholder. Unless Transferred pursuant to a Permitted Transfer, such Stockholder has and will have at all times through the Expiration Date sole voting power
(including the right to control such vote as contemplated herein), sole power of disposition, sole power to issue instructions with respect to the matters set forth in Article II, and sole power to agree to all of the matters set forth in
this Agreement, in each case with respect to all of such Stockholder’s Existing Shares and with respect to all of the Covered Shares owned by such Stockholder at all times through the Expiration Date. 

(c) No Violation. The execution and delivery of this Agreement by such Stockholder do not, and the performance by such Stockholder
of its obligations under this Agreement will not, (i) conflict with or violate any Law applicable to such Stockholder or by which any of its assets or properties is bound or any certificate or articles of incorporation, as applicable, and
by-laws or other equivalent organizational documents of such Stockholder, or (ii) conflict with, result in any breach of or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or give to
others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of any Encumbrance on the properties or assets of such Stockholder pursuant to, any note, bond, mortgage, indenture, contract, agreement, lease,
license, permit, franchise or other instrument or obligation to which the 

  
 6 

 
Stockholder is a party or by which such Stockholder and/or any of its assets or properties is bound, except for any of the foregoing as would not impair the ability of such Stockholder to perform
its obligations hereunder or to consummate the transactions contemplated hereby on a timely basis. 
 (d) Consents and
Approvals. The execution and delivery of this Agreement by such Stockholder do not, and the performance by such Stockholder of its obligations under this Agreement and the consummation by it of the transactions contemplated hereby will not,
require such Stockholder to obtain any consent, approval, authorization or permit of, or to make any filing with or notification to, any Governmental Entity, other than the filings of any reports with the SEC. 

(e) Absence of Litigation. As of the date hereof, there is no litigation, action, suits or proceeding pending or, to the knowledge
of such Stockholder, threatened against or affecting such Stockholder and/or any of its Affiliates before or by any Governmental Entity that would reasonably be expected to impair the ability of such Stockholder to perform its obligations hereunder
or to consummate the transactions contemplated hereby on a timely basis. 
 (f) Finder’s Fees. No investment banker,
broker, finder or other intermediary is entitled to a fee or commission from Parent, Sub or the Company in respect of this Agreement based upon any arrangement or agreement made by or on behalf of such Stockholder. 

(g) Reliance by Parent. Such Stockholder understands and acknowledges that Parent is entering into the Merger Agreement in
reliance upon the execution and delivery of this Agreement by such Stockholder and the representations and warranties of such Stockholder contained herein. Such Stockholder understands and acknowledges that the Merger Agreement governs the terms of
the Merger and the other transactions contemplated thereby. 
 3.2 Representations and Warranties of Parent. Parent
hereby represents and warrants to each Stockholder that it has the requisite capacity and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. This Agreement
has been duly executed and delivered by Parent, and constitutes a legal, valid and binding obligation of Parent, enforceable against it in accordance with its terms, subject to bankruptcy, insolvency, fraudulent conveyance, moratorium,
reorganization or similar laws affecting the rights of creditors generally and the availability of equitable remedies (regardless of whether such enforceability is considered in a proceeding in equity or at law). 

  
 7 

 ARTICLE IV 

OTHER COVENANTS 
 4.1 Prohibition on Transfers; Other Actions. Until the Expiration Date, each Stockholder (severally and not jointly) agrees that it shall not (a) Transfer any of such Stockholder’s
Covered Shares, Beneficial Ownership thereof or any other interest therein unless such Transfer is a Permitted Transfer; (b) enter into any agreement, arrangement or understanding with any Person, or take any other action, that violates or
conflicts with or would reasonably be expected to violate or conflict with, or result in or give rise to a violation of or conflict with, such Stockholder’s representations, warranties, covenants and obligations under this Agreement; or
(c) take any action that could restrict or otherwise affect such Stockholder’s legal power, authority and right to comply with and perform its covenants and obligations under this Agreement. Any Transfer in violation of this provision
shall be void ab initio. Each Stockholder (severally and not jointly) shall not request that the Company or its transfer agent register the transfer (book-entry or otherwise) of any certificate or uncertificated interest representing any of
such Stockholder’s Covered Shares and hereby consents to the entry of stop transfer instructions by the Company of any transfer of such Stockholder’s Existing Shares (and any other Shares that are beneficially owned by such Stockholder),
unless such transfer is made in compliance with this Agreement. 
 4.2 Stock Dividends, etc. In the event of a stock
split, stock dividend or distribution, or any change in the Common Stock or Series A Convertible Preferred Stock by reason of any split-up, reverse stock split, recapitalization, combination, reclassification, reincorporation, exchange of shares or
the like, the terms “Existing Shares” and “Covered Shares” shall be deemed to refer to and include such shares as well as all such stock dividends and distributions and any securities into which or for which any or all of such
shares may be changed or exchanged or which are received in such transaction. 
 4.3 No Solicitation; Support of Acquisition
Proposals. 
 (a) Prior to the Expiration Date each Stockholder (severally and not jointly) agrees that it shall not, and
shall cause each of its Subsidiaries, Affiliates and Representatives not to, directly or indirectly (i) solicit, initiate or knowingly encourage or facilitate any inquiries regarding, or the making of, any proposal that could reasonably be
expected to result in an Acquisition Proposal, (ii) enter into, continue or otherwise participate in any discussions or negotiations regarding, or furnish to any Person any information in connection with, enter into any agreement with respect
to, or otherwise cooperate with or facilitate any Acquisition Proposal or any effort or attempt to make an Acquisition Proposal, (iii) waive, terminate, modify or fail to enforce any provision of any contractual confidentiality,
“standstill” or similar obligation of any Person in favor of such Stockholder and relating to the Company or any of its Subsidiaries other than Parent, (iv) take any action to make the provisions of any “fair price,”
moratorium,” “control share acquisition,” “business combination” or other similar anti-takeover statute or regulation (including any transaction under, or a third party becoming an “interested shareholder” under,
Section 203 of the DGCL), or any restrictive provision of any applicable anti-takeover provisions in the Company’s certificate of incorporation restricting “business combinations” and “interested stockholders” that
would otherwise apply, or the Company’s bylaws, inapplicable to any transactions contemplated by the 

  
 8 

 
Acquisition Proposal, (v) make or participate in, directly or indirectly, a “solicitation” of “proxies” (as such terms are used in the rules of the SEC) or powers of
attorney or similar rights to vote, or seek to advise or influence any Person, with respect to the voting of any shares of Common Stock in connection with any vote or other action on any matter, other than to recommend that the stockholders of the
Company vote in favor of the adoption and approval of the Merger Agreement and the transactions contemplated thereby as otherwise expressly provided in this Agreement, (vi) approve, adopt, recommend or enter into, or publicly propose to
approve, adopt, recommend or enter into, or allow any of its Affiliates to enter into, a merger agreement, letter of intent, agreement in principle, share purchase agreement, asset purchase agreement, share exchange agreement, option agreement,
voting, profit capture, tender or other similar contract providing for, with respect to, or in connection with, or that is intended to or could reasonably be expected to result in any Acquisition Proposal, or (vii) agree or propose to do any of
the foregoing; provided, that, the foregoing shall not restrict such Stockholder or any of its Affiliates or Representatives from engaging, in coordination with the Board of Directors of the Company, in discussions or negotiations
regarding an Acquisition Proposal with any New Bidder solely to the extent and during the period in which the Company is permitted to engage (and is engaging) in such discussions or negotiations with such New Bidder pursuant to
Section 6.3(c) of the Merger Agreement. Each Stockholder (severally and not jointly) and its Subsidiaries, Affiliates and Representatives shall immediately cease and cause to be terminated all discussions or negotiations with any Person
conducted heretofore (other than with Parent) with respect to any Acquisition Proposal, and shall take the necessary steps to inform its Affiliates and Representatives of the obligations undertaken pursuant to this Agreement, including this
Section 4.3. Any violation of this Section 4.3 by any of the Stockholder’s Affiliates or Representatives shall be deemed to be a violation by the Stockholder of this Section 4.3. 

(b) For the purposes of this Section 4.3, the Company shall be deemed not to be an Affiliate or Subsidiary of any
Stockholder, and any officer, director, employee, agent or advisor of the Company (in each case, in their capacities as such) shall be deemed not to be a Representative of any Stockholder. 

4.4 Notice of Acquisitions. Each Stockholder (severally and not jointly) agrees to notify Parent as promptly as practicable (and
in any event within 24 hours after receipt) orally and in writing of the number of any additional shares of Common Stock, Series A Convertible Preferred Stock, or other securities of the Company of which such Stockholder acquires Beneficial
Ownership on or after the date hereof. 
 4.5 Matters Regarding Series A Convertible Preferred Stock. To the extent a
Stockholder owns any shares of Series A Convertible Preferred Stock, such Stockholder hereby (a) waives all rights, if any, of such Stockholder with respect to its shares of Series A Convertible Preferred Stock to vote or consent as a separate
class in respect of the approval of the Merger or the Merger Agreement, and (b) consents to the receipt with respect to its shares of Series A Convertible Preferred Stock of the amount of consideration provided therefor in the Merger Agreement.

  
 9 

 4.6 Further Assurances. From time to time, at Parent’s reasonable request and
without further consideration, each Stockholder (severally and not jointly) agrees to cooperate with Parent in making all filings and obtaining all consents of Governmental Entities and third parties and to execute and deliver such additional
documents and take all such further actions as may be necessary or desirable to effect the actions contemplated by this Agreement. Without limiting the foregoing, each Stockholder hereby authorizes Parent to publish and disclose in any announcement
or disclosure required by the SEC and in the Proxy Statement the Stockholder’s identity and ownership of such Stockholder’s Covered Shares and the nature of the Stockholder’s obligations under this Agreement. 

ARTICLE V 
 MISCELLANEOUS 
 5.1 Termination. This Agreement shall remain
in effect until the earlier to occur of (a) the Effective Time, (b) the Expiration Date or (c) as to any Stockholder, (i) any material change, by amendment, waiver or other modification, to any provision of the Merger Agreement
that reduces the amount of, or changes the form of, the consideration per share to be paid in the Merger, or (ii) any amendment to Section 8.1 of the Merger Agreement that extends the Termination Date beyond December 31, 2013,
unless, with respect to each of clauses (i) and (ii), such change, amendment, waiver or other modification is consented to by such Stockholder. Neither the provisions of this Section 5.1 nor the termination of this Agreement shall
relieve (i) any party hereto from any liability of such party to any other party incurred prior to such termination or expiration, or (ii) any party hereto from any liability to any other party arising out of or in connection with a breach
of this Agreement. Nothing in the Merger Agreement shall relieve any Stockholder from any liability arising out of or in connection with a breach of this Agreement. In particular, without limitation, the liability of the Stockholder for damages and
losses suffered by Parent as a consequence of any breach by such Stockholder shall not be extinguished by the payment or the coming due of the Termination Amount. 
 5.2 No Ownership Interest. Each Stockholder has agreed to enter into this Agreement and act in the manner specified in this Agreement for consideration. Except as expressly set forth in this
Agreement, all rights and all ownership and economic benefits of and relating to a Stockholder’s Covered Shares shall remain vested in and belong to such Stockholder, and except as expressly set forth in this Agreement, nothing herein shall, or
shall be construed to, grant Parent any power, sole or shared, to direct or control the voting or disposition of any of such Covered Shares. Nothing in this Agreement shall be interpreted as creating or forming a “group” with any other
Person, including Parent, for purposes of Rule 13d-5(b)(1) of the Exchange Act or any other similar provision of applicable law. 

  
 10 

 5.3 Notices. All notices, requests, claims, demands and other communications
hereunder shall be in writing and shall be deemed given (a) on the date of delivery, if delivered in person or by electronic mail, (b) on the first business day following the date of dispatch, if delivered by a recognized overnight courier
service (upon proof of delivery) or (c) on the seventh business day following the date of mailing, if delivered by registered or certified mail, postage prepaid, return receipt requested, addressed as follows: 

 

	 	(i)	if to Parent to: 

 Total System
Services, Inc. 
 One TSYS Way 
 Columbus, Georgia, 31901 
 Attention:  General Counsel 

facsimile :  (706) 644-4999 
 email:         SandersGriffith@tsys.com 

telephone:  (706) 649-2310 
 with copies to: 
 King & Spalding LLP 

1180 Peachtree Street 
 Atlanta, Georgia 30309 
 Attention: C. William Baxley 

C. Spencer Johnson III 
 facsimile :  (404) 572-5133 

email:         bbaxley@kslaw.com 

  csjohnson@kslaw.com 
 telephone: (404) 572-4600 
  

	 	(ii)	if to a Stockholder, to the applicable address set forth on Schedule 1; 

 or to such other address as any party may have furnished to the other parties in writing in accordance with this Section 5.3; provided that in order for an electronic mail to
constitute proper notice hereunder, such email must specifically reference this Section 5.3 and state that it is intended to constitute notice hereunder 
 5.4 Interpretation; Definitions. This Agreement shall be governed by the following rules of interpretation: (a) the words “hereby”, “herein”,
“hereof”, “hereunder” and words of similar import refer to this Agreement as a whole (including any exhibits hereto and schedules delivered 

  
 11 

 
herewith) and not merely to the specific section, paragraph or clause in which such word appears; (b) all references herein to Sections shall be deemed references to Sections of this
Agreement unless the context shall otherwise require; (c) the words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”;
(d) the definitions given for terms throughout this Agreement shall apply equally to both the singular and plural forms of the terms defined; (e) whenever the context may require, any pronoun shall include the corresponding masculine,
feminine and neuter forms; (f) except as otherwise expressly provided herein, all references to “dollars” or “$” shall be deemed references to the lawful money of the United States of America,
(g) unless otherwise indicated, the word “day” shall be interpreted as a calendar day and “business day” shall be interpreted as any day on which commercial banks located in New York City are open for
business; and (h) “Law” shall be interpreted as any law, statute, order, rule, regulation, judgment, decree, arbitration award, ordinance or judgment of any Governmental Entity. 

5.5 Counterparts. This Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed
and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument. Each counterpart may consist of a number of copies hereof each signed by less than all, but together signed by all of the parties
hereto. This Agreement may be executed and delivered by facsimile or “PDF” transmission. 
 5.6 Entire
Agreement. This Agreement and, to the extent referenced herein, the Merger Agreement, together with the several agreements and other documents and instruments referred to herein or therein or attached hereto or thereto, embody the complete
agreement and understanding among the parties hereto with respect to the subject matter hereof and supersede and preempt any prior understandings, agreements or representations by or among the parties, written and oral, that may have related to the
subject matter hereof in any way. 
 5.7 Governing Law; Consent to Jurisdiction; Waiver of Jury Trial. 

(a) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO ITS RULES OF
CONFLICT OF LAWS. Each of the parties hereto (i) consents to submit itself to the personal jurisdiction of any court of the United States located in the State of Delaware or of any Delaware state court in the event any dispute arises out of
this agreement or the transactions contemplated by this agreement, (ii) agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such court and (iii) agrees that it will not
bring any action relating to this agreement or the transactions contemplated by this agreement in any court other than a court of the United States located in the State of Delaware or a Delaware state court. 

  
 12 

 (b) EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE
UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR
INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (i) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (ii) SUCH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (iii) SUCH PARTY MAKES THIS WAIVER VOLUNTARILY,
AND (iv) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 5.8 Amendment; Waiver. This Agreement may not be amended except by an instrument in writing signed by Parent and each Stockholder. Each party may waive any right of such party hereunder by an
instrument in writing signed by such party and delivered to the other parties. 
 5.9 Remedies. The parties hereto agree
that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with its specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an
injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof in any court of the United States or any state having jurisdiction, this being in addition to any other remedy to which they
are entitled at Law or in equity. Without limiting the generality of the foregoing, each Stockholder agrees with Parent that Parent shall be entitled to specific performance of such Stockholder’s obligations to abide by the covenants and
obligations with respect to the Covered Shares of such Stockholder set forth herein. For the avoidance of doubt, any party hereto may contemporaneously commence an action for specific performance and seek any other form of remedy at law or in equity
that may be available for breach under this Agreement or otherwise in connection with this Agreement or the transactions contemplated hereby (including monetary damages). 
 5.10 Severability. Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity or
unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement in any other jurisdiction. If any
provision of this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as is enforceable. 

  
 13 

 5.11 Successors and Assigns; Third Party Beneficiaries. Neither this Agreement nor
any of the rights or obligations of any party under this Agreement shall be assigned, in whole or in part (by operation of law or otherwise), by any party without the prior written consent of the other parties hereto. Subject to the foregoing, this
Agreement shall bind and inure to the benefit of and be enforceable by the parties hereto and their respective successors and permitted assigns. Nothing in this Agreement, express or implied, is intended to confer on any Person other than the
parties hereto or their respective successors and permitted assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement. 
 5.12 Action by Stockholder Capacity Only. Parent acknowledges that each Stockholder has entered into this Agreement solely in its capacity as the record and/or beneficial owner of such
Stockholder’s Covered Shares (and not in any other capacity, including without limitation, any capacity as a director or officer of the Company). Nothing herein shall limit or affect any actions taken by such Stockholder or its Affiliate or
designee, or require such Stockholder or its Affiliate or designee to take any action, in each case, in its or his capacity as a director or officer of the Company, and any actions taken, or failure to take any actions, by it or him in such capacity
as a director or officer of the Company shall not be deemed to constitute a breach of this Agreement. 
 [Remainder of this
page intentionally left blank] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be signed (where
applicable, by their respective officers or other authorized Person thereunto duly authorized) as of the date first written above. 
  

			
	JLL PARTNERS FUND IV, L.P.
		
	By:	 	JLL Associates IV, L.P., its general partner
		
	By:	 	JLL Associates G.P. IV, L.L.C., its general partner
		
	By:	 	 /s/ Paul S. Levy

	Name:	 	Paul S. Levy
	Title:	 	Managing Member
	
	JLL PARTNERS FUND V, L.P.
		
	By:	 	JLL Associates V, L.P., its general partner
		
	By:	 	JLL Associates G.P. V, L.L.C., its general partner
		
	By:	 	 /s/ Paul S. Levy

	Name:	 	Paul S. Levy
	Title:	 	Managing Member

 [Signature Page to Voting Agreement] 

 
			
	 OAK INVESTMENT PARTNERS X, LIMITED PARTNERSHIP
  

	By:	 	 Oak Associates X, LLC, its general partner

 

	By:	 	 /s/ Ann H. Lamont

	Name:	 	Ann H. Lamont
	Title:	 	Managing Member
	  
 OAK X AFFILIATES FUND, L.P.

 

	 By:
  
	 	 Oak Associates X, LLC, its general partner

 

	By:	 	 /s/ Ann H. Lamont

	Name:	 	Ann H. Lamont
	Title:	 	Managing Member

 [Signature Page to Voting Agreement] 

 
			
	 TOTAL SYSTEM SERVICES, INC.

 

	By:	 	 /s/ M. Troy Woods

	Name:	 	M. Troy Woods
	Title:	 	President and Chief Operating Officer

 [Signature Page to Voting Agreement] 

 SCHEDULE 1 
 OWNERSHIP OF EXISTING SHARES 
  

							
	 Beneficial Owner
	  	 Class
	 	Number of Existing Shares	 
	JLL Partners Fund IV, L.P.	  	Common Stock	 	 	4,239,677	  
	JLL Partners Fund V, L.P.	  	Common Stock	 	 	10,599,548	  
	JLL Partners Fund IV, L.P.	  	Series A Convertible Preferred Stock	 	 	199,995	  
	JLL Partners Fund V, L.P.	  	Series A Convertible Preferred Stock	 	 	500,005	  
	 Oak Investment Partners X, Limited Partnership
	  	Common Stock	 	 	11,042,089	  
	Oak X Affiliates Fund, L.P.	  	Common Stock	 	 	177,266	  

 Notices 
 (a)
for JLL Partners Fund IV, L.P. and JLL Partners Fund V, L.P., to: 
 c/o JLL Partners 

450 Lexington Avenue, 31st Floor 
 New
York, NY 10017 
 Attention: Frank J. Rodriguez 
 facsimile :  (212) 286-8626 

email:         f.rodriguez@jllpartners.com.
 telephone:  (212) 286-8600 
 with copies to: 

Skadden, Arps, Slate, Meagher & Flom LLP 
 One Rodney Square 
 P.O. Box 636 
 Wilmington, DE 19899-0636 
 Attention: Robert B. Pincus 

facsimile : (302) 434-3090 

email:        bob.pincus@skadden.com 
 telephone: (302) 651-3090 

 (b) for Oak Investment Partners X, Limited Partnership and Oak X Affiliates Fund, L.P., to: 

c/o Oak Management Corporation 
 901 Main Street

 Suite 600 
 Norwalk, CT 06851

 Attention: Ann H. Lamont 

facsimile : (203) 227-0372 
 email:
       annie@oakvc.com 
 telephone: (203) 226-8346 

with copies to: 
 Finn Dixon & Herling
LLP 
 177 Broad Street 
 15th Floor

 Stamford, CT 06901-2048 
 Attention:
Michael J. Herling 
 facsimile : (203) 325-5001 
 email:        mherling@fdh.com 
 telephone: (203) 325-5015

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