Document:

exv10w1

 

EXHIBIT 10.1

AMENDMENT NO. 1

     THIS AMENDMENT NO. 1, dated as of April 23, 2008 (this “Amendment”), of that certain
Credit Agreement referenced below is by and among Euronet Worldwide, Inc., a Delaware corporation
(“EWI”), certain Subsidiaries and Affiliates of EWI identified herein, as Borrowers and
Guarantors, Bank of America, N.A., for itself as Administrative Agent for Domestic Loan Obligations
and F/X Obligations and on behalf of the requisite Lenders, and Bank of America, N.A., acting
through its Mumbai Branch, as Administrative Agent for all India Obligations. Capitalized terms
used but not otherwise defined herein shall have the meanings provided in the Credit Agreement.

W I T N E S S E T H
 

     WHEREAS, multicurrency revolving and institutional term loan facilities have been established
in favor of the Borrowers pursuant to the terms of that certain Credit Agreement, dated as of April
4, 2007 (as amended, restated, extended, supplemented or otherwise modified from time to time, the
“Credit Agreement”), among the Borrowers named therein, the Guarantors named therein, the
Lenders identified therein, the Administrative Agent, the Domestic Collateral Agent and the Foreign
Collateral Agent;

     WHEREAS, EWI has requested certain amendments, waivers and consents in respect of the Credit
Agreement;

     WHEREAS, the Lenders have agreed to the requested modifications on the terms and conditions
set forth herein;

     NOW, THEREFORE, in consideration of these premises and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

     1. Waiver. The Lenders hereby waive any Default or Event of Default that existed from
March 31, 2008 to immediately prior to the Amendment No. 1 Effectiveness Date on account of the
Credit Parties’ noncompliance with the Consolidated Fixed Charge Coverage Ratio under Section
8.13(d) of the Credit Agreement; provided that the foregoing waiver shall not be deemed to
modify or affect the obligations of the Credit Parties to comply with each and every other
obligation, covenant, duty, or agreement under the Credit Documents from and after the date hereof.
This waiver is a one-time waiver and shall not be construed to be a waiver of or in any way
obligate the Lender to waive any other Default or Event of Default that may currently exist or
occur hereafter.

     2. Amendments to the Credit Agreement. The Credit Agreement is amended as follows:

     2.1 Amendment of Definitions:  Section 1.01 is amended as follows:

     (a) A new definition is added to Section 1.01, which is to read as follows:

     “Amendment No. 1 Effectiveness Date” means April 23, 2008.

     (b) Consolidated EBITDA. A new clause (viii) is added to the
definition of “Consolidated EBITDA”, immediately preceding the proviso, which is to
read as follows:

     plus (viii) to the extent deducted in the calculation of
operating income, charges resulting from the proposed acquisition of
MoneyGram International Inc. in an aggregate amount not to exceed $4
million;

1

 

     (c) Consolidated Fixed Charges. In the definition of “Consolidated
Fixed Charges”, clause (iii) of the definition of “Consolidated Fixed Charges” is
amended and a new clause (iv) is added, which are to read respectively as follows:

     plus (iii) an amount equal to ten percent (10%) of the
aggregate principal amount of the Tranche B Term Loan (including as
increased pursuant to Section 2.01(e), if applicable) as of the end
of the applicable period; minus (iv) interest income received in
cash from the Designated Deposit during such period.

     (d) Designated Deposit. The definition of “Designated Deposit” is
amended to read as follows:

     “Designated Deposit” means amounts on deposit in one or more
designated blocked accounts maintained by EWI or any Domestic Subsidiary
with the Administrative Agent containing cash or Cash Equivalents from the
proceeds from the issuance of securities pursuant to that certain Securities
Purchase Agreement, dated March 8, 2007, by and among EWI and the purchasers
identified therein.

     2.2 Investments. In Section 8.02 (Investments), subsection (m) is relabeled as
subsection (n), and a new subsection (m) is added, which is to read as follows:

     (m) Investments in the capital stock of MoneyGram International Inc. existing
as of the Amendment No. 1 Effectiveness Date; and

     2.3 Restricted Payments. In Section 8.06 (Restricted Payments), subsection (g)
is relabeled as subsection (h), and a new subsection (g) is added, which is to read as
follows:

     (g) EWI may repurchase Convertible Debentures pursuant to the terms and
conditions set forth in the last paragraph of Section 8.10; and

     2.4 Covenants Regarding Convertible Debentures and Other Subordinated Debt. In
Section 8.10 (Covenants Regarding Convertible Debentures and Other Subordinated Debt), a new
last paragraph is added, which is to read as follows:

     Notwithstanding the foregoing, EWI shall be permitted to redeem, repurchase, retire or
acquire, from time to time, Convertible Debentures in an aggregate principal amount of up to
$70 million, so long as no Default or Event of Default shall exist immediately before or
immediately after giving effect to such redemption, repurchase, retirement or acquisition.

     3. Conditions Precedent. This Amendment shall be effective immediately upon
satisfaction of the following conditions:

     (a) Executed Amendment. Receipt by the Administrative Agent of multiple
counterparts of this Amendment duly executed by the Credit Parties, the Required Lenders and
the Administrative Agent.

     (b) Legal Opinions. Receipt by the Administrative Agent of favorable legal
opinions of counsel for EWI and the other Domestic Credit Parties, in form and substance
reasonably satisfactory to the Administrative Agent and the requisite Lenders.

2

 

     (c) Organization Documents, Incumbency, Resolutions, Etc. Receipt by the
Administrative Agent of the following, each of which shall be originals or facsimiles
(followed promptly by originals), in form and substance satisfactory to the Administrative
Agent:

     (i) copies of the Organization Documents of each Domestic Credit Party
certified to be true and complete as of a recent date by the appropriate
Governmental Authority of the state or other jurisdiction of its incorporation or
organization, where applicable, and certified by a secretary or assistant secretary
of such Domestic Credit Party to be true and correct as of the date of this
Amendment, unless a Responsible Officer of EWI certifies in a certificate that the
Organization Documents previously delivered to the Administrative Agent in
connection with the Credit Agreement have not been amended, supplemented or
otherwise modified and remain in full force and effect as of the date hereof;

     (ii) incumbency certificates identifying the Responsible Officers of the
Domestic Credit Parties who are authorized to execute this Amendment and related
documents and to act on the Domestic Credit Parties behalf in connection with this
Amendment and the Credit Documents, unless a Responsible Officer of EWI certifies in
a certificate that the incumbency certificates previously delivered to the
Administrative Agent in connection with the Credit Agreement have not been amended,
supplemented or otherwise modified and remain in full force and effect as of the
date hereof.

     (iii) such certificates of resolutions or other action, incumbency certificates
and/or other certificates of Responsible Officers of each Domestic Credit Party as
the Administrative Agent may require evidencing the identity, authority and capacity
of each Responsible Officer thereof authorized to act as a Responsible Officer in
connection with this Amendment; and

     (iv) such documents and certifications as the Administrative Agent may
reasonably require to evidence that each Domestic Credit Party is duly organized or
formed, and is validly existing, and in good standing in its state of organization
or formation;

     (d) Receipt by the Administrative Agent of (i) a fee, for the benefit of the Lenders
consenting to this Amendment, in an amount equal to one quarter of one percent (0.25%) of
the aggregate amount of such consenting Lenders’ loans and commitments under the Credit
Agreement and (ii) all other fees and expenses required to be paid on or before the
Amendment No. 1 Effectiveness Date.

     4. Effectiveness of Amendment. On and after the date hereof, all references to the
Credit Agreement in each of the Credit Documents shall hereafter mean the Credit Agreement as
amended by this Amendment. For purposes of clarification, all financial covenant calculations with
respect to periods prior to the Amendment No. 1 Effectiveness Date will be made using the financial
definitions and covenants as amended by this Amendment. Except as specifically amended hereby or
otherwise agreed, the Credit Agreement is hereby ratified and confirmed and shall remain in full
force and effect according to its terms.

     5. Representations and Warranties; Defaults. The Credit Parties hereby affirm each of
the following:

3

 

     (a) all necessary action to authorize the execution, delivery and performance of this
Amendment has been taken;

     (b) after giving effect to this Amendment, the representations and warranties set forth
in the Credit Agreement and the other Credit Documents are true and correct in all material
respects as of the date hereof (except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they shall be true and
correct as of such earlier date, and except that for purposes of this Section 5, the
representations and warranties contained in subsections (a) and (b) of
Section 6.05 of the Credit Agreement shall be deemed to refer to the most recent
statements furnished pursuant to clauses (a) and (b), respectively, of
Section 7.01 of the Credit Agreement).

     (c) except as waived in Section 1 of this Amendment, before and after giving
effect to this Amendment, no Default or Event of Default shall exist; and

     (d) except as expressly provided otherwise herein, the liens and security interests
created and granted in the Credit Documents remain in full force and effect and this
Amendment is not intended to adversely affect or impair such liens and security interests in
any manner.

     6. Full Force and Effect. Except as modified hereby, all of the terms and provisions
of the Credit Agreement and the other Credit Documents (including schedules and exhibits thereto)
shall remain in full force and effect.

     7. Reaffirmation of Security Interests. The Credit Parties (a) affirm that each of
the liens granted in or pursuant to the Credit Documents are valid and subsisting and (b) agree
that this Amendment shall in no manner impair or otherwise adversely effect any of the liens
granted in or pursuant to the Credit Documents.

     8. Counterparts. This Amendment may be executed in any number of counterparts, each
of which when so executed and delivered shall be deemed an original, and it shall not be necessary
in making proof of this Amendment to produce or account for more than one such counterpart.
Delivery by any party hereto of an executed counterpart of this Amendment by facsimile shall be
effective as such party’s original executed counterpart and shall constitute a representation that
such party’s original executed counterpart will be delivered.

     9. Fees and Expenses. The Credit Parties agree to pay all reasonable costs and
expenses of the Administrative Agent in connection with the preparation, execution and delivery of
this Amendment, including the reasonable fees and expenses of Moore & Van Allen, PLLC.

     10. Governing Law. This Amendment shall be governed by, and construed in accordance
with, the law of the State of New York.

[SIGNATURES ON FOLLOWING PAGES]

4

 

     IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Amendment to
be duly executed and delivered as of the date first above written.

	 	 	 	 	 	 	 	 	 
	DOMESTIC BORROWERS:	 	EURONET WORLDWIDE, INC.
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Rick L. Weller	 	 	 	 
	 

	 	Name:
	 	 

Rick L. Weller
	 	 	 	 
	 

	 	Title:
	 	EVP & CFO	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	EURONET PAYMENTS & REMITTANCE, INC.
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/Eric T. Mettemeyer	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Eric T. Mettemeyer	 	 	 	 
	 

	 	Title:
	 	Treasurer	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	RIA ENVIA, INC.
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Juan C. Bianchi	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Juan C. Bianchi	 	 	 	 
	 

	 	Title:
	 	President & CEO	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	CONTINENTAL EXCHANGE SOLUTIONS, INC.
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Juan C. Bianchi	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Juan C. Bianchi	 	 	 	 
	 

	 	Title:
	 	President & CEO	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	DOMESTIC GUARANTORS:	 	EURONET WORLDWIDE, INC.
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Rick L. Weller	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Rick L. Weller	 	 	 	 
	 

	 	Title:
	 	EVP & CFO	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	EURONET PAYMENTS & REMITTANCE, INC.
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/Eric T. Mettemeyer	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Eric T. Mettemeyer	 	 	 	 
	 

	 	Title:
	 	Treasurer	 	 	 	 

EURONET WORLDWIDE, INC.

AMENDMENT NO. 1

 

 

	 	 	 	 	 	 	 	 	 
	 	 	EURONET USA, INC.
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Rick L. Weller	 	 	 	 
	 

	 	Name:
	 	 

Rick L. Weller
	 	 	 	 
	 

	 	Title:
	 	Vice President	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	PAYSPOT, INC.
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/Eric T. Mettemeyer	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Eric T. Mettemeyer	 	 	 	 
	 

	 	Title:
	 	President	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	RIA ENVIA, INC.
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Juan C. Bianchi	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Juan C. Bianchi	 	 	 	 
	 

	 	Title:
	 	President & CEO	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	CONTINENTAL EXCHANGE SOLUTIONS, INC.
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Juan C. Bianchi	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Juan C. Bianchi	 	 	 	 
	 

	 	Title:
	 	President & CEO	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	RIA TELECOMMUNICATIONS OF NEW YORK, INC.
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	 /s/ Juan C. Bianchi	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Juan C. Bianchi	 	 	 	 
	 

	 	Title:
	 	President & CEO	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	F/X BORROWERS:	 	EFT SERVICES HOLDINGS BV
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jeff Newman	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Jeff Newman	 	 	 	 
	 

	 	Title:
	 	Executive Vice President, Euronet Worldwide, Inc.	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	DELTA EURONET GmbH
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ R. Heinz	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	R. Heinz	 	 	 	 
	 

	 	Title:
	 	Managing Director	 	 	 	 

EURONET WORLDWIDE, INC.

AMENDMENT NO. 1

 

 

	 	 	 	 	 	 	 	 	 
	 	 	E-PAY HOLDINGS LTD
	 
	 	 	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Jeff Newman
 

Jeff Newman
	 	 	 	 
	 

	 	Title:
	 	Director	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	F/X GUARANTORS:	 	EFT SERVICES HOLDINGS BV
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jeff Newman	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Jeff Newman	 	 	 	 
	 

	 	Title:
	 	Executive Vice President, Euronet Worldwide, Inc.	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	DELTA EURONET GmbH
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ R. Heinz	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	R. Heinz	 	 	 	 
	 

	 	Title:
	 	 Managing Director	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	E-PAY HOLDINGS LTD
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jeff Newman	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Jeff Newman	 	 	 	 
	 

	 	Title:
	 	Director	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	RIA FINANCIAL SERVICES AUSTRALIA PTY LTD
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Juan C. Bianchi	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Juan C. Bianchi	 	 	 	 
	 

	 	Title:
	 	President & CEO	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	E-PAY AUSTRALIA PTY LIMITED
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gareth Gumbley	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Gareth Gumbley	 	 	 	 
	 

	 	Title:
	 	Managing Director	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Desmond Acosta	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Desmond Acosta	 	 	 	 
	 

	 	Title:
	 	Director	 	 	 	 

EURONET WORLDWIDE, INC.

AMENDMENT NO. 1

 

 

	 	 	 	 	 	 	 	 	 
	 	 	E-PAY AUSTRALIA HOLDINGS PTY LTD
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gareth Gumbley	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Gareth Gumbley	 	 	 	 
	 

	 	Title:
	 	Managing Director	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	EURONET SERVICES GmbH
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ R. Heinz	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	R. Heinz	 	 	 	 
	 

	 	Title:
	 	Managing Director	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	RIA ENVIA FINANCIAL SERVICES GmbH
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Wolf-Dieter Weschke	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Wolf-Dieter Weschke	 	 	 	 
	 

	 	Title:
	 	Managing Director	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	TRANSACT ELEKTRONISCHE ZAHLUNGSSYSTEME GmbH
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Marc Ehler	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Marc Ehler	 	 	 	 
	 

	 	Title:
	 	Managing Director	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	EURONET BANKTECHNIKAI SZOLGÁLTATÓ KORLÁTOLT

FELELÕSSÉGŰ TÁRSASÁG
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Erika Schalkhammer	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Erika Schalkhammer	 	 	 	 
	 

	 	Title:
	 	Country Manager/General Manager	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	EURONET ADMINISZTRÁCIÓS SZOLGÁLTATÓ KORLÁTOLT

FELELÕSSÉGŰ TÁRSASÁG
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Bence Varady-Szabo	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Bence Varady-Szabo	 	 	 	 
	 

	 	Title:
	 	EMEA Finance Director/	 	 	 	 
	 	 	Managing Director Admin.

EURONET WORLDWIDE, INC.

AMENDMENT NO. 1

 

 

	 	 	 	 	 	 	 	 	 
	 	 	EURONET PAY & TRANSACTION SERVICES S.R.L.
	 
	 	 	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Giuseppe Di Marco
 

Giuseppe Di Marco
	 	 	 	 
	 

	 	Title:
	 	Managing Director	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	E-PAY NEW ZEALAND LIMITED
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gareth Gumbley	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Gareth Gumbley	 	 	 	 
	 

	 	Title:
	 	Managing Director	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	EURONET TELERECARGA, S.L. SOCIEDAD UNIPERSONAL
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Lars Oro	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Lars Oro	 	 	 	 
	 

	 	Title:
	 	Sole Administrator	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	E-PAY LIMITED
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Anthony Westlake	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Anthony Westlake	 	 	 	 
	 

	 	Title:
	 	Director	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	RIA FINANCIAL SERVICES LIMITED
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Marcela Gonzalez	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Marcela Gonzalez	 	 	 	 
	 

	 	Title:
	 	Country Manger	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	OMEGA LOGIC LIMITED
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jeff Newman	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Jeff Newman	 	 	 	 
	 

	 	Title:
	 	Director	 	 	 	 

EURONET WORLDWIDE, INC.

AMENDMENT NO. 1

 

 

	 	 	 	 	 	 	 	 	 
	 	 	EURONET ESSENTIS LIMITED
	 
	 	 	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ A.S. Brown
 

A.S. Brown
	 	 	 	 
	 

	 	Title:
	 	Chief Operating Officer	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	ENVIA TELECOMUNICACIONES, S.A.
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Lars Oro	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Lars Oro	 	 	 	 
	 

	 	Title:
	 	Sole Administrator	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	EURONET BUSINESS HOLDINGS S.L.
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Lars Oro	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Lars Oro	 	 	 	 
	 

	 	Title:
	 	Sole Administrator	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	RIA SPAIN HOLDINGS, S.L.
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Lars Oro	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Lars Oro	 	 	 	 
	 

	 	Title:
	 	Sole Administrator	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	BANKOMAT 24/EURONET SP.Z.O.O.
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Miro Bergman	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Miro Bergman	 	 	 	 
	 

	 	Title:
	 	President	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	INDIA BORROWER:	 	EURONET SERVICES INDIA PVT LTD.
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jeff Newman	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Jeff Newman	 	 	 	 
	 

	 	Title:
	 	Director	 	 	 	 

EURONET WORLDWIDE, INC.

AMENDMENT NO. 1

 

 

	 	 	 	 	 	 	 	 	 
	ADMINISTRATIVE AGENT

(FOR DOMESTIC LOAN
	 	 	 	 	 	 	 	 
	OBLIGATIONS AND 

F/X OBLIGATIONS):	 	
BANK OF AMERICA, N.A.,
 as Administrative Agent
	 
	 	 	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Michael Brashler
 

Michael Brashler
	 	 	 	 
	 

	 	Title:
	 	Vice President	 	 	 	 

EURONET WORLDWIDE, INC.

AMENDMENT NO. 1

 

 

	 	 	 	 	 	 	 	 	 
	ADMINISTRATIVE AGENT
	 	 	 	 	 	 	 	 
	(FOR INDIA OBLIGATIONS):	 	BANK OF AMERICA, N.A., acting through its Mumbai Branch, as
Administrative Agent for all India related credit facilities
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Rohit Midma	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Rohit Midma	 	 	 	 
	 

	 	Title:
	 	Vice President	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	LENDERS:	 	BANK OF AMERICA, N.A., 
as Domestic L/C Issuer, F/X L/C
Issuer, Domestic 

Swingline Lender and as a Lender
	 
	 	 	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Jeffrey P. Yoakum
 

Jeffrey P.Yoakum
	 	 	 	 
	 

	 	Title:
	 	Vice President	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	AIB DEBT MANAGEMENT LIMITED
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Joseph Augustini	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Joseph Augustini	 	 	 	 
	 

	 	Title:
	 	Senior Vice President	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	AMERICAN INTERNATIONAL GROUP, INC.
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Chang W. Chung	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Chang W. Chung	 	 	 	 
	 

	 	Title:
	 	Vice President	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	ATLANTIS FUNDING LTD.
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Thomas Ewald	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Thomas Ewald	 	 	 	 
	 

	 	Title:
	 	Authorized Signatory	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	CIFC FUNDING 2007-III, LTD.
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Sean O. Dougherty	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Sean O. Doughtery	 	 	 	 
	 

	 	Title:
	 	General Counsel	 	 	 	 

EURONET WORLDWIDE, INC.

AMENDMENT NO. 1

 

 

	 	 	 	 	 	 	 
	 	 	PRUDENTIAL INVESTMENT MANAGEMENT, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Stephen J. Collins	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Stephen J. Collins	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	EAGLE MASTER FUND LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert O’Brien	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Robert O’Brien	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	GALAXY VIII CLO, LTD.	 	 
	 	 	AIG Global Investment Corp as Collateral Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Chang W. Chung	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Chang W. Chung	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	GALAXY IV CLO, LTD.	 	 
	 	 	AIG Global Investment Corp as Collateral Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Chang W. Chung	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Chang W. Chung	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	GOLDMAN SACHS ASSET MANAGEMENT, CLO	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Sandra L. Stulberger	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Sandra L. Stulberger	 	 
	 	 	Title: Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 	 	GULF STREAM-COMPASS CLO 2007-1 LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry K. Love	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Barry K. Love	 	 
	 	 	Title: Chief Credit Officer	 	 

EURONET WORLDWIDE, INC.

AMENDMENT NO. 1

 

 

	 	 	 	 	 	 	 
	 	 	MOUNTAIN CAPITAL CLO III, LTD	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jonathan Dietz	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Jonathan Dietz	 	 
	 	 	Title: Director	 	 
	 
	 	 	 	 	 	 
	 	 	MOUNTAIN CAPITAL CLO VI, LTD	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jonathan Dietz	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Jonathan Dietz	 	 
	 	 	Title: Director	 	 
	 
	 	 	 	 	 	 
	 	 	OCTAGON INVESTMENT PARTNERS V, LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ James P. Ferguson	 	 
	 

	 	 	 	 	 	 
	 	 	Name: James P. Ferguson	 	 
	 	 	Title: Executive Managing Member	 	 
	 
	 	 	 	 	 	 
	 	 	OCTAGON INVESTMENT PARTNERS VI, LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ James P. Ferguson	 	 
	 

	 	 	 	 	 	 
	 	 	Name: James P. Ferguson	 	 
	 	 	Title: Executive Managing Member	 	 
	 
	 	 	 	 	 	 
	 	 	OCTAGON INVESTMENT PARTNERS XI, LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ James P. Ferguson	 	 
	 

	 	 	 	 	 	 
	 	 	Name: James P. Ferguson	 	 
	 	 	Title: Executive Managing Member	 	 
	 
	 	 	 	 	 	 
	 	 	REGATTA FUNDING LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert O’Brien	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Robert O’Brien	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	ROSEDALE CLO II LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Troy Isaksen	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Troy Isaksen	 	 
	 	 	Title: Sr. Credit Analyst	 	 

EURONET WORLDWIDE, INC.

AMENDMENT NO. 1

 

 

	 	 	 	 	 	 	 
	 	 	SATURN CLO, LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Chang W. Chung	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Chang W. Chung	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	MC FUNDING LTD, AS LENDER	 	 
	 	 	Monroe Capital Management LLC, as Collateral Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jeremy VanDerMeid	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Jeremy VanDerMeid	 	 
	 	 	Title: SVP	 	 
	 
	 	 	 	 	 	 
	 	 	THE SUMITOMO TRUST & BANKING CO., LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Elizabeth A. Quirk	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Elizabeth A. Quirk	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	US BANK NATIONAL ASSOCIATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jason C. Nadler	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Jason C. Nadler	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A., acting through its Mumbai
Branch, as India Revolving Lender and India L/C
Issuer	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Rohit Midma	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Rohit Midma	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	BANK OF KANSAS CITY, N.A.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/Matthew J. Mason	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Matthew J. Mason	 	 
	 	 	Title: Vice President	 	 

EURONET WORLDWIDE, INC.

AMENDMENT NO. 1

 

 

	 	 	 	 	 	 	 
	 	 	CALIFORNIA BANK & TRUST, A CALIFORNIA BANKING
CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Ursula St. Geme	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Ursula St. Geme	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	CITIBANK, N.A.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott Miller	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Scott Miller	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	HARRINGTON BANK, A DIVISION OF LOS 

PADRES BANK	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jeffrey L. Sweeney	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Jeffrey L. Sweeney	 	 
	 	 	Title: SVP	 	 
	 
	 	 	 	 	 	 
	 	 	KINGSLAND V, LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Vincent Siino	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Vincent Siino	 	 
	 	 	Title: Authorized Officer	 	 
	 
	 	 	 	 	 	 
	 	 	DRYDEN XVIII LEVERAGED LOAN 2007 LTD.	 	 
	 	 	Prudential Investment Management, Inc. as Collateral
Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Stephen J. Collins	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Stephen J. Collins	 	 
	 	 	Title: VP	 	 
	 
	 	 	 	 	 	 
	 	 	DRYDEN XI – LEVERAGED LOAN CDO 2006	 	 
	 	 	Prudential Investment Management, Inc. as Collateral
Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Stephen J. Collins	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Stephen J. Collins	 	 
	 	 	Title: VP	 	 

EURONET WORLDWIDE, INC.

AMENDMENT NO. 1

 

 

	 	 	 	 	 	 	 
	 	 	KEYBANK NATIONAL ASSOCIATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ David A. Wild	 	 
	 

	 	 	 	 	 	 
	 	 	Name: David A. Wild	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	LLOYDS TSB BANK PLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Deborah Carlson	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Deborah Carlson	 	 
	 	 	Title: Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Elaine Kellenbach	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Elaine Kallenbach	 	 
	 	 	Title: Associate Director	 	 
	 
	 	 	 	 	 	 
	 	 	NATIONAL CITY BANK	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Michael Leong	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Michael Leong	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	GENERAL ELECTRIC CAPITAL CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Bond Harberts	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Bond Harberts	 	 
	 	 	Title: Duly Authorized Signatory	 	 

EURONET WORLDWIDE, INC.

AMENDMENT NO. 1exv10w2

 

Exhibit 10.2

AMENDED AND RESTATED

EMPLOYMENT AGREEMENT

THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of
April 25, 2008, by and between Euronet Worldwide, Inc., a Delaware corporation (“Employer”), and
Mr. Miro Bergman, a U.S. citizen whose current residence is in Budapest, Hungary (“Employee”).
(Each of the above may be individually referred to herein as a “Party” and collectively as the
“Parties.”)

RECITALS

Employer and Employee entered into an Employment Agreement dated as of June 1, 2003 (the “Original
Agreement) providing for certain repatriation benefits.

The parties wish to amend and restate the Original Agreement to provide certain terms under which
Mr. Bergman will be repatriated back to the United States, as provided herein.

     NOW, THEREFORE, in consideration of the mutual promises contained herein, and for other good
and valuable consideration, the adequacy of which is hereby acknowledged, Employer and Employee,
each intending to be legally bound, agree as follows:

     1. Original Agreement Terminated. The Original Agreement will be terminated,
superseded and replaced in its entirety by this Agreement as of May 15, 2008 or such later date as
is mutually agreed by the Parties (the “Effective Date”). Notwithstanding this Section 1, Employee
will be entitled to any payments that are accrued by unpaid to Employee as of the time of execution
of this Agreement, including, without limitation, his annual bonus for 2007 and any tax
equalization payments due for the period up to the Effective Date.

     2. Term. The term of Employee’s employment under this Agreement shall continue for an
initial term expiring 12 months after the Effective Date (the “Initial Term”). Following the
expiration of the Initial Term, this Agreement shall continue on a month to month basis unless
terminated by either party upon 30 days’ prior notice. The entire term of this Agreement shall be
referred to as the “Term.”

     3. Duties. Employee will report to the CEO and President of Employer and undertake
special assignments as mutually agreed.  In this capacity, Employee will continue to serve as a
Board member and/or director of Euronet subsidiary companies as requested by Employer. He shall
work from his home, provided that attendance may be required at the Employer’s headquarters from
time to time, not to exceed three days a month.

     4. Compensation.

     a) During the Term, as compensation for services rendered by Employee hereunder, Employer
shall pay Employee a base salary of $60,000 per annum, in installments in accordance with
Employer’s general practices (as in effect from time to time, “Base Salary”). Employee shall
continue to vest in and otherwise be entitled to all of the benefits of any equity awards that have
previously been granted by Employer to Employee.

 

 

     b) Employer will pay or reimburse Employee for expenses arising in connection with his
repatriation, including the cost of moving household effects and airfare for himself and his
family, within a limit of $30,000.

     5. Other Benefits. During the Term, Employee shall continue to participate in any
benefit plans in which he currently participates, provided that it is understood Employee will
elect COBRA coverage commencing as of the Effective Date. He shall be entitled to annual paid
vacation in accordance with the policies of Employer as applicable to employees of the Kansas City
office, but with a minimum of 20 days per year. The timing of the holiday shall be approved by the
Employer in advance.

     6. Business Expense Reimbursement. Employer shall reimburse Employee for all
reasonable and proper business expenses incurred by Employee in the performance of Employee’s
duties hereunder during the Term, in accordance with Employer’s customary practices for executive
level employees, and provided such business expenses are reasonably documented.

     7. Restrictions on Employee’s Conduct.

          (a) Confidential Information. During the Term and for 12 months after the termination
of the Term, Employee shall not disclose or use, directly or indirectly, any Confidential
Information. For the purposes of this Agreement, “Confidential Information” shall mean all
information disclosed to Employee, or known by him as a consequence of or through Employee’s
employment with Employer (under this Agreement or prior to this Agreement) where such information
is not generally known in the trade or industry or was regarded or treated as confidential by
Employer, and where such information refers or relates in any manner whatsoever to the business
activities, processes, services or products of Employer. Confidential Information shall include
business and development plans (whether contemplated, initiated or completed), information with
respect to the development of technical and management services, business contacts, methods of
operation, results of analysis, business forecasts, financial data, costs, revenues, and similar
information. Upon termination of the Term, Employee shall immediately return to Employer all
property of Employer and all Confidential Information, which is in tangible form, and all copies
thereof.

          (b) Business Opportunities and Conflicts of Interests.

	 	(i)	 	During the Term, Employee shall promptly disclose
to Employer each business opportunity of a type, which, based upon its
prospects and relationship to the existing businesses of Employer,
Employer might reasonably consider pursuing. After termination of this
Agreement, regardless of the circumstances thereof, Employer shall have
the exclusive right to participate in or undertake any such opportunity
on its own behalf without any involvement of Employee.
	 
	 	(ii)	 	During the Term, Employee shall refrain from
engaging in any activity, practice or act which conflicts with, or has
the potential to conflict with, the interests of Employer, and he shall
avoid any acts or omissions which are disloyal to, or competitive with
Employer.

2

 

          (c) Non-Solicitation. During the Term, Employee shall not, except in the course of
Employee’s duties under this Agreement, directly or indirectly, induce or attempt to induce or
otherwise counsel, advise, ask or encourage any person to leave the employ of Employer, or solicit
or offer employment to any person who was employed by Employer at any time during the twelve-month
period preceding the solicitation or offer.

          (d) Covenant Not to Compete.

	 	(i)	 	During the Term, Employee shall not, without
Employer’s prior written consent, directly or indirectly, either as an
officer, director, employee, agent, advisor, consultant, principal,
stockholder, partner, owner or in any other capacity, on Employee’s own
behalf or otherwise, in any way engage in, represent, be connected with
or have a financial interest in, any business that is in competition with
Employer. Notwithstanding the foregoing, Employee shall be permitted to
own passive investments in publicly held companies provided that such
investments do not exceed five percent (5%) of any such company’s
outstanding equity.
	 
	 	(ii)	 	For purposes of this Agreement, a business shall be
deemed to engage in competition with Employer if it is engaged in
providing (i) electronic financial transaction processing services to
banks, retailers, mobile operators or other customers, including ATM or
POS outsourcing, processing of prepaid products or sale of software
relating to any of the above, or (ii) money transfer services. The
provisions of this Section 7(e) shall apply in any location in which
Employer has established, or is in the process of establishing, a
subsidiary.

          (e) Employee Acknowledgment. Employee hereby agrees and acknowledges that the
restrictions imposed upon him by the provisions of this Section 7 are fair and reasonable
considering the nature of Employer’s business, and are reasonably required for Employer’s
protection.

          (f) Invalidity. If a court of competent jurisdiction or an arbitrator shall declare
any provision or restriction contained in this Section 7 as unenforceable or void, the provisions
of this Section 7 shall remain in full force and effect to the extent not so declared to be
unenforceable or void, and the court may modify the invalid provision to make it enforceable to the
maximum extent permitted by law.

          (g) Specific Performance. Employee agrees that if he breaches any of the provisions
of this Section 7, the remedies available at law to Employer would be inadequate and in lieu
thereof, or in addition thereto, Employer shall be entitled to appropriate equitable remedies,
including specific performance and injunctive relief. Employee agrees not to enter into any
agreement, either written or oral, which may conflict with this Agreement, and Employee authorizes
Employer to make known the terms of this Section 7 to any person, including future employers of
Employee.

     8. Termination.

          (a) Termination by Employer for Cause. At any time during the Term of this

3

 

Agreement, Employer may terminate Employee’s employment for Cause, as defined below, upon at
least fourteen (14) days written notice setting forth a description of the conduct constituting
Cause. If Employee’s employment is terminated for Cause, he shall be entitled to:

	 	(i)	 	payment of any unpaid portion of Employee’s Base Salary through
the effective date of such termination;
	 
	 	(ii)	 	reimbursement for any outstanding reasonable business expense he
has incurred in performing Employee’s duties hereunder
	 
	 	(iii)	 	the right to elect continuation coverage of insurance benefits
to the extent required by law; and
	 
	 	(iv)	 	payment of any accrued but unpaid benefits (including without
limitation, any bonus due by virtue of having met all applicable performance
targets prior to the effective date of such termination), and any other rights,
as required by the terms of any employee benefit plan or program of Employer.

For purposes of this Agreement, “Cause” shall mean: (1) conviction of Employee of, or the entry of
a plea of guilty or nolo contendere by Employee to, any felony, or any misdemeanor involving moral
turpitude; (2) fraud, misappropriation or embezzlement by Employee; and (3) Employee’s gross
negligence or gross misconduct in the performance of Employee’s assigned duties for Employer.

              
(b) Termination by Employer Without Cause. At any time after the Initial Term,
Employer may terminate Employee’s employment without Cause, by giving written notice of
termination. Any notice of termination shall be effective as of the first day of the calendar
month following the giving of such notice. If Employee’s employment is terminated without Cause,
Employee shall be entitled to receive from Employer the following:

	 	(i)	 	reimbursement for any outstanding reasonable business
expense Employee has incurred in performing his duties hereunder during
the Term;
	 
	 	(ii)	 	payment of any accrued but unpaid benefits up to and
including the effective date of the termination of employment, and any
other rights as required by the terms of any employee benefit plan or
program of Employer; and
	 
	 	(ii)	 	the right to elect continuation coverage of insurance
benefits to the extent required by law.

For purposes of this Agreement, termination “without Cause” shall mean involuntary termination of
employment, at the direction of Employer, in the absence of “Cause” as defined above.

          (d) Voluntary Termination by Employee. Employee may terminate this Agreement at any
time by giving 30 days’ written notice to Employer. If Employee voluntarily terminates employment
for reasons other than Employee’s death or disability, employee shall be entitled to:

4

 

	 	(i)	 	payment of any unpaid portion of Employee’s then current Base
Salary through the effective date of such termination;
	 
	 	(ii)	 	reimbursement of any outstanding reasonable business expense
Employee has incurred in performing Employee’s duties hereunder.
	 
	 	(iii)	 	the right to elect continuation coverage of insurance benefits
to the extent required by law; and
	 
	 	(iv)	 	payment of any accrued but unpaid benefits, and any other rights,
as required by the terms of any employee benefit plan or program of Employer.

          (e)   Cash in Lieu of Benefits. If any benefit plan pursuant to which Employee is
entitled to receive benefits pursuant to Section 8 shall by its terms does not permit participation
by Employee following a Termination, then Employer shall pay to Employee at the time such benefits
would have been paid the value thereof in cash.

     9.   Deductions and Withholding. Employee agrees that Employer may withhold from any
and all payments required to be made by Employer to Employee under this Agreement all taxes or
other amounts that Employer is required by law to withhold in accordance with applicable laws or
regulations from time to time in effect.

     10. Arbitration. Whenever a dispute arises between the Parties concerning this
Agreement or any of the obligations hereunder, or Employee’s employment generally, Employer and
Employee shall use their best efforts to resolve the dispute by mutual agreement. If any dispute
cannot be resolved by Employer and Employee, it shall be submitted to arbitration to the exclusion
of all other avenues of relief and adjudicated pursuant to the American Arbitration Association’s
Rules for Employment Dispute Resolution then in effect. The decision of the arbitrator must be in
writing and shall be final and binding on the Parties, and judgment may be entered on the
arbitrator’s award in any court having jurisdiction thereof. The expenses of the arbitration shall
be borne by the losing Party to the arbitration and the prevailing Party shall be entitled to
recover from the losing Party all of its or Employee’s own costs and attorney’s fees with respect
to the arbitration. Nothing in this Section 10 shall be construed to derogate Employer’s rights to
seek legal and equitable relief in a court of competent jurisdiction as contemplated by Section
6(g).

     11. Non-Waiver. It is understood and agreed that one Party’s failure at any time to
require the performance by the other Party of any of the terms, provisions, covenants or conditions
hereof shall in no way affect the first Party’s right thereafter to enforce the same, nor shall the
waiver by either Party of the breach of any term, provision, covenant or condition hereof be taken
or held to be a waiver of any succeeding breach.

     12. Severability. If any provision of this Agreement conflicts with the law under
which this Agreement is to be construed, or if any such provision is held invalid or unenforceable
by a court of competent jurisdiction or any arbitrator, such provision shall be deleted from this
Agreement and the Agreement shall be construed to give full effect to the remaining provisions
thereof.

     13. Survivability. Unless otherwise provided herein, upon termination or expiration
of the

5

 

Term, the provisions of Sections 6 through 18 above shall nevertheless remain in full force and
effect but shall under no circumstance extend the Term of this Agreement (or the Executive’s right
to accrue additional benefits beyond the expiration of the Term as determined in accordance with
Section 1 but without regard to this Section).

     14. Governing Law. This Agreement shall be interpreted, construed and governed
according to the laws of the State of Delaware without regard to the conflict of law provisions
thereof.

     15. Construction. The Section headings and captions contained in this Agreement are
for convenience only and shall not be construed to define, limit or affect the scope or meaning of
the provisions hereof. All references herein to Sections shall be deemed to refer to numbered
sections of this Agreement.

     16. Entire Agreement. This Agreement contains and represents the entire agreement of
Employer and Employee and supersedes all prior agreements, representations or understandings, oral
or written, express or implied with respect to the subject matter hereof. This Agreement may not
be modified or amended in any way unless in a writing signed by each of Employer and Employee. No
representation, promise or inducement has been made by either Employer or Employee that is not
embodied in this Agreement, and neither Employer nor Employee shall be bound by or liable for any
alleged representation, promise or inducement not specifically set forth herein.

     17. Assignability. Neither this Agreement nor any rights or obligations of Employer
or Employee hereunder may be assigned by Employer or Employee without the other Party’s prior
written consent. Subject to the foregoing, this Agreement shall be binding upon and inure to the
benefit of Employer and Employee and their heirs, successors and assigns.

     18. Notices. All notices required or permitted hereunder shall be in writing and
shall be deemed properly given if delivered personally or sent by certified or registered mail,
postage prepaid, return receipt requested, or sent by telegram, telex, telecopy or similar form of
telecommunication, and shall be deemed to have been given when received. Any such notice or
communication shall be addressed:

	 	 	 
	     
if to Employer, to

	 	Euronet Worldwide, Inc.
	 

	 	Attention: Human Resources
	 

	 	4601 College Boulevard, Ste. 300
	 

	 	Leawood, Kansas 66211
	 
	 	 
	     
if to Employee, to

	 	Miro Bergman

or to such other address as Employer or Employee shall have furnished to the other in writing.

6

 

     IN WITNESS WHEREOF, the Parties have duly executed this Agreement, to be effective as of the
date first above written.

	 	 	 	 	 	 	 
	 

	 	 	 	Euronet Worldwide, Inc.

a Delaware Corporation	 	 
	 
	 	 	 	 	 	 
	/s/ Miro Bergman 

Miro Bergman

	 	 	 	/s/ Kevin Caponecchi 

By: Kevin Caponecchi
	 	 
	 

	 	 	 	Title: President	 	 

7

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